Document:

EX-10.27

 Exhibit 10.27 

 
 

 
 2017 MANAGEMENT INCENTIVE PLAN 

(Amended and Restated as of ____________, 2020) 

1. Defined Terms. Schedule A, which is incorporated herein by reference, defines the terms used in the Plan and sets forth certain operational
rules related to those terms. 
 2. Purpose. The Plan is intended to advance the interests of FTW and McAfee by providing for the grant to
Participants of equity- and cash-based Awards. Awards under the Plan are intended to align the incentives of Participants and investors in McAfee and FTW and to improve the performance of McAfee, FTW and their Subsidiaries. 

3. Administration. The Administrator shall administer the Plan, and shall have discretionary authority, subject only to the express provisions of the
Plan, to administer and interpret the Plan and the Award Agreements; to determine eligibility for and grant Awards; to determine, alter, amend, modify or waive the terms and conditions of any Award; to prescribe the purchase price or Management
Incentive Unit Return Threshold, if any, applicable to any Award; to prescribe forms, rules and procedures; and to otherwise do all things necessary or desirable to carry out the purposes of the Plan and any Award Agreement. All determinations of
the Administrator made with respect to the Plan or any Award Agreement are conclusive and will bind all Persons (including, without limitation, Participants and their beneficiaries, successors or Permitted Transferees). 

4. Limits on Awards. As of immediately following the Effective Time, Awards consisting of or in respect of (a) _________ FTW Management Incentive
Units, (b) _________ FTW Class A Units, and (c) _________ McAfee Shares are outstanding under the Plan. Other than such Awards, no further Awards based on, or consisting of, such securities will be granted to any Participant; however, for the
avoidance of doubt, such Awards may be converted or exchanged for Awards consisting of or in respect of any other type of security. 
 5. Eligibility and
Participation. The Administrator, in its sole discretion, has selected Participants from among those current and prospective key employees and other service providers (including partners) of, and consultants and advisors to, McAfee, FTW or any
of their Subsidiaries who, in the opinion of the Administrator, have made or may make a significant contribution to the success of McAfee, FTW or any of their Subsidiaries. 

6. Rules Applicable to Awards. 
 (a)
Award Provisions. The Administrator has determined or will determine the terms of all Awards, subject to the limitations provided herein, and shall furnish or has furnished to each Participant an Award Agreement setting forth the terms
applicable to the Participant’s Award. By accepting an Award, the Participant agrees to the terms of the Award Agreement and of the Plan. 

 (b) Vesting, etc. A Participant’s Award will vest on the terms and
conditions set forth in the Participant’s Award Agreement. 
 (c) Transferability. Except as the Administrator otherwise
expressly consents to in writing, all Awards are non-transferable, other than by will or by the laws of descent and distribution; provided that, subject to Section 11(d), Awards consisting of FTW
Management Incentive Units or FTW Class A Units and FTW Class A Units received upon the settlement of FTW RSUs (in each case, to the extent they are vested) may be transferred to the extent permitted under, and subject to the conditions
of, the LLC Agreement, any applicable documents governing the terms of such Awards in respect of the initial public offering of McAfee Shares and any other documents governing the terms of such Awards. 

(d) Taxes. The Administrator may make such provision for the withholding or other payment of taxes as it deems necessary or appropriate
with respect to any Award, FTW Class A Units issued under an Award, securities received upon or in connection with settlement of an Award, securities exchanged for an Award, FTW MIUs or FTW Class A Units or otherwise in connection with the
issuance, disposition, holding or exchange of any of the foregoing. Any payment to a Participant, or other transaction in respect of Participant’s Award or any securities issued in respect thereof (including in connection with any exchange or
similar transaction) will be conditioned upon the Participant’s full satisfaction of such withholding or other tax requirements. Without limiting the foregoing, in order to satisfy such withholding or other tax requirements, FTW and/or McAfee
may (i) require withholding or other taxes to be paid in cash or cash equivalents, (ii) require or permit broker-assisted “same day sale” transactions of McAfee Shares to cover taxes up to up the maximum statutory tax withholding
rates, (iii) if authorized by FTW or McAfee in its sole discretion, provide for “net withholding” of securities based on their fair market value (as determined by the Administrator in its sole discretion) up to the maximum statutory
tax withholding rates, or (iv) any provide for combination of the foregoing. Any amounts so withheld by the Administrator pursuant to this Section 6(d) shall be treated as though such payment had been made directly to the Participant. 

7. Rights Limited. Nothing in the Plan will be construed as giving any Person the right to continued Employment. The grant of an Award to a Participant
shall not give the Participant the right to any Award in the future. The loss of potential appreciation in an Award will not constitute an element of damages in the event of a termination of a Participant’s Employment for any reason, even if
such termination is in violation of an obligation of McAfee, FTW or any of their Affiliates to the Participant. 
 8.
Section 409A. Subject to Section 11(g), Awards under the Plan are intended to be exempt from, or comply with, the requirements of Section 409A and shall be construed and administered accordingly. If a Participant
is determined on the date of the Participant’s termination of Employment to be a “specified employee” within the meaning of that term under Section 409A(a)(2)(B) of the Code, then, with regard to any payment that is considered
nonqualified deferred compensation under Section 409A, to the extent applicable, and that is payable on account of a “separation from service”, such payment will be made or provided on the date that is the earlier of (i) the
first business day following the expiration of the six-month period measured from the date of such “separation from service” and (ii) the date of the Participant’s death (the “Delay
Period”). Upon the expiration of the Delay Period, all payments 

  
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delayed pursuant to this Section 8 (whether they would have otherwise been payable in a single lump sum or in installments in the absence of such delay) will be paid, without interest, on
the first business day following the expiration of the Delay Period in a lump sum and any remaining payments due under the Award will be paid in accordance with the normal payment dates specified for them in the applicable Award Agreement. For
purposes of Section 409A, each payment made under the Plan or any Award will be treated as a separate payment. 
 9. Adjustments; Covered
Transactions. 
 (a) In the event of any stock or FTW Unit split, stock or FTW Unit dividend or distribution, combination of stock or FTW
Units, recapitalization or other similar change in the capital structure of FTW or McAfee that constitutes an equity restructuring within the meaning of FASB ASC Topic 718 (or any successor provision), the Administrator shall make appropriate
adjustments to the number and kind of securities subject to Awards, any Management Incentive Unit Return Threshold applicable to such Awards, and any other provision of Awards determined by the Administrator to be affected by such change. The
Administrator may also make adjustments of the type described in this Section 9(a) in connection with any other event if the Administrator determines that such adjustments are appropriate to avoid economic distortion in the operation of the
Plan. 
 (b) In the event of a Covered Transaction (including a Covered Transaction undertaken in connection with a Public Offering),
outstanding Awards shall be subject to the agreement or arrangement governing the terms of the Covered Transaction, which may provide, without limitation, for (i) the assumption or substitution of Awards with similar awards by an acquiring or
surviving entity (which may include requiring Participants holding unvested FTW Management Incentive Units, FTW Class A Units, FTW RSUs, restricted stock units payable in McAfee Shares or McAfee Shares to exchange or convert such unvested
Award(s) for equity securities or other property or rights that may include, but are not limited to, awards to acquire the same consideration paid to or received by the equityholders of McAfee or FTW (or by McAfee or FTW directly), as the case may
be, pursuant to the Covered Transaction), (ii) a cash-out of Awards (including for no payment if the Fair Market Value of an Award is zero at the time of the Covered Transaction) or (iii) the termination
of unvested Awards without payment in respect thereof; provided, however, that, in connection with any Covered Transaction that does not constitute a Change in Control, notwithstanding the terms of any document to the contrary, in the event
that unvested Awards are to be terminated without payment (except as provided in clause (ii) above) and without assumption or substitution as contemplated by clause (i) above, then 100% of such Awards shall immediately vest as of the date
immediately preceding the Covered Transaction. 
 (c) The Administrator may provide that Awards held by different Participants, or different
portions of an Award or Awards held by a Participant, shall be treated differently in connection with a Covered Transaction. 
 (d) Nothing
in this Section 9 shall limit the rights of McAfee, FTW, the Intel Investors, the TPG Investor, or any of their Permitted Transferees under the LLC Agreement. 

  
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 10. Amendment and Termination. The Administrator may at any time or times amend or terminate the Plan
or any Award for any purpose which may at the time be permitted by applicable law; provided that, except as otherwise expressly provided in the Plan or in an Award Agreement, the Administrator may not, without the Participant’s consent,
alter the terms of the Plan or an outstanding Award so as to materially and adversely affect the Participant’s rights under an outstanding Award, except to the extent the Administrator expressly reserved the right to do so in the Plan or the
applicable Award Agreement. For the avoidance of doubt, an adjustment to an Award pursuant to the terms of the LLC Agreement or Section 9(a) or (b) above shall not be treated as an amendment requiring the Participant’s consent. 

11. Miscellaneous. 
 (a) Conditions to
Issuance of Securities. Neither McAfee or FTW shall be required to issue any securities upon the grant or vesting of any Award (or portion thereof) prior to the satisfaction of all of the following conditions: (i) the completion of any
registration or other qualification of such securities under any state, federal or non-U.S. law, stock exchange requirements or under the rules or regulations of the Securities and Exchange Commission or any
other state, federal or non-U.S. regulatory body which the Administrator shall, in its reasonable discretion, deem necessary or advisable; (ii) the obtaining of any approval or other clearance from any
state, federal or non-U.S. governmental agency which the Administrator shall, in its reasonable discretion, determine to be necessary or advisable; and (iii) the receipt by McAfee or FTW of any other
document or agreement required by the Administrator in good faith in connection with the grant of an Award. 
 (b) Rights with respect to
Securities. A Participant’s rights as a holder of any securities will be subject to the terms and conditions of the Plan, any applicable Award Agreement and (if applicable) the LLC Agreement. Once an Award consisting of FTW Units is
granted, the Participant shall have the rights and obligations provided for under the LLC Agreement; provided that until all of the restrictions imposed under the applicable Award Agreement, if any, expire or shall have been removed, the
Participant’s interest in such FTW Units shall be subject to forfeiture as provided in the Plan and in the applicable Award Agreement. No Participant shall have any rights as a Member in respect of any Award based on or payable in FTW Units
unless and until such FTW Units are actually issued. As a condition to receiving any Award consisting of FTW Management Incentive Units or receiving any FTW Units upon the vesting or settlement of any Award, the Participant will become a party to
the LLC Agreement will be required to sign such customary investment, investment intent or similar documents as may be prescribed by the Administrator. 

(c) Investment Intent. McAfee or FTW may require a Participant, as a condition of the grant or issuance of any Award, to give written
assurances reasonably satisfactory to it (i) as to the Participant’s knowledge and experience in financial and business matters; and (ii) stating that the Participant is acquiring the Award for the Participant’s own account and
not with any present intention of selling or otherwise distributing the Award. If securities are certificated, McAfee or FTW may place such legends on certificates (or such other appropriate documents) evidencing Awards issued under this Plan as the
Administrator deems necessary or appropriate in order to comply with applicable law or the LLC Agreement, including, but not limited to, legends describing restrictions on the transfer of the securities. 

  
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 (d) Publicly Traded Partnership. The provisions of this Section 11(d) shall
apply notwithstanding anything to the contrary in this Plan, any Award Agreement or the LLC Agreement, except as may be expressly provided in a sub-plan established pursuant to Section 13. If at any time
the Administrator determines, in its sole discretion, that the transfer, forfeiture or repurchase of an Award (or portion thereof) consisting of FTW Management Incentive Units or of FTW Class A Units delivered in satisfaction of an Award could
result in FTW being treated as a Publicly Traded Partnership: (i) such Award or such FTW Units may not be transferred, (ii) the forfeiture of such Award (or portion thereof) shall be delayed, (iii) the closing of any repurchase or
redemption of such Award (or portion thereof) or any such FTW Units in accordance with the exercise of any call or redemption rights set forth in the LLC Agreement, the applicable Award Agreement or otherwise shall not occur sooner than sixty
(60) days after written notice thereof is given to the Participant and (iv) either (A) the repurchase price of such Award (or portion thereof) or any such FTW Class A Units shall not be established until at least 60 calendar days
after receipt of written notice by the Participant or (B) the Fair Market Value for such Award or FTW Units for purposes of effecting repurchases or redemptions shall be established no more than four (4) times in any taxable year of FTW,
in each case, until the earliest time at which such transfer, forfeiture or repurchase could be made without FTW being so treated, as determined by the Administrator in its sole discretion. In the event that forfeiture of any Award is delayed in
accordance with this Section 11(d), during any such period of delayed forfeiture, to the extent that such Award was unvested at the date such forfeiture would have occurred absent the application of this Section 11(d), (x) such Award (or
portion thereof) shall no longer be eligible to vest in the ordinary course pursuant to its terms and (y) in connection with any Covered Transaction that occurs during such period of delayed forfeiture, such Award shall be treated in the same
manner as it would have been treated had the event triggering the forfeiture that is delayed pursuant to the application of this Section 11(d) not occurred. Any transfer, forfeiture or repurchase that is not in compliance with the terms of this
Section 11(d) shall be null and void ab initio. 
 (e) Distributions. Each Participant holding FTW Management Incentive
Units or FTW Class A Units shall receive distributions, if any, in respect of such FTW Management Incentive Units or FTW Class A Units, as applicable, in accordance with the provisions of the LLC Agreement. Except as provided for in an
Award Agreement, no holder of Awards not described in the immediately preceding sentence shall be entitled to any distributions, dividends, dividend equivalents or similar payments with respect thereto. 

(f) Waiver of Jury Trial. By accepting an Award under the Plan, to the extent permitted by applicable law, each Participant waives any
right to a trial by jury in any action, proceeding or counterclaim concerning any rights under the Plan and any Award, or under any amendment, waiver, consent, instrument, document or other agreement delivered or which in the future may be delivered
in connection therewith, and agrees that any such action, proceedings or counterclaim shall be tried before a court and not before a jury. By accepting an Award under the Plan, each Participant certifies that no officer, representative, or attorney
of McAfee, FTW or any of their Affiliates has represented, expressly or otherwise, that McAfee or FTW would not, in the event of any action, proceeding or counterclaim, seek to enforce the foregoing waivers. 

  
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 (g) Limitation of Liability. Notwithstanding anything to the contrary in the Plan or
any Award Agreement, none of McAfee or FTW or any of their Affiliates, or any Person acting on behalf of McAfee or FTW or any of their Affiliates, shall be liable to any Participant, to the estate, or any beneficiary or Permitted Transferree of any
Participant or to any other Person by reason of any acceleration of income, any additional tax, or any other tax or liability asserted by reason of the failure of an Award to satisfy the requirements of Section 409A, by reason of
Section 4999 of the Code, or by reason of the failure of any FTW Management Incentive Unit to be treated or qualify as a profits interest for U.S. federal income tax or other purposes. 

(h) Indemnification. To the fullest extent permitted by law, the members, partners, officers, employees and agents of the Administrator
(solely in their capacities as such and not, for the avoidance of doubt, in their capacity as a Participant) shall be indemnified and held harmless by McAfee or FTW from any loss, cost, liability, or expense that may be imposed upon or reasonably
incurred by such Person in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan. The foregoing
right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled as a matter of law, or otherwise, or any power that McAfee or FTW may have to indemnify them or hold them harmless. 

(i) Unfunded Plan. The obligations of McAfee and FTW under the Plan are unfunded, and Participants shall have no right to specific
assets of McAfee or FTW in respect of any Award. Participants will be general unsecured creditors of McAfee or FTW with respect to any amounts due or payable under the Plan. 

12. Governing Law. Except as otherwise provided by the express terms of an Award Agreement, the validity, construction and effect of the Plan and of
Awards under the Plan, and of any determinations or decisions made by the Administrator relating to the Plan or to an Award under the Plan, and the rights of any and all Persons having, or claiming to have, any interest under the Plan or an Award
under the Plan, shall be governed by and construed in accordance with the laws of the State of Delaware without regard to otherwise governing principles of conflicts of law. Any action or suit with respect to the Plan or an Award Agreement will be
brought in the federal or state courts of the State of Delaware, and each Participant agrees and submits to the personal jurisdiction and venue thereof. 

13. Establishment of Sub-Plans. The Administrator may from time to time establish one or more sub-plans under the Plan for purposes of satisfying applicable blue sky, securities, tax or other laws of various jurisdictions. The Administrator will establish such
sub-plans by adopting supplements to the Plan setting forth (a) such limitations on the Administrator’s discretion under the Plan as it deems necessary or desirable and (b) such additional terms
and conditions as it deems in good faith to be necessary or appropriate, which may supersede contrary terms in the LLC Agreement, the Plan or an applicable Award Agreement. All supplements so established will be deemed to be part of the Plan, but
each supplement will apply only to Participants within the applicable jurisdiction (as determined by the Administrator). 

  
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 14. Entire Agreement. The Plan, any applicable Award Agreements and the LLC Agreement (if applicable)
constitute the entire agreement with respect to the subject matter hereof and thereof. In the event of any inconsistency between the Plan and an Award Agreement, the terms and conditions of the Plan shall control. In the event of any inconsistency
between the LLC Agreement and the Plan or an Award Agreement, the LLC Agreement (if applicable) shall control, except to the extent expressly set forth in the Plan or an Award Agreement. 

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 Schedule A 

Definitions of Terms 

The following terms, when used in the Plan, will have the meanings and be subject to the provisions set forth below: 

“Administrator” means (i) with respect to any Awards consisting of or based on FTW Class A Units or FTW Management
Incentive Units, the Managing Member (as directed by the Leadership Development & Compensation Committee of the board of directors of McAfee) and (ii) with respect to any Awards consisting of or based on McAfee Shares, the Leadership
Development & Compensation Committee of the board of directors of McAfee, and all references herein shall be construed accordingly. The Administrator may delegate its authority to a committee and may delegate ministerial tasks to such
Person or Persons as it deems appropriate, subject to applicable law and stock exchange requirements. The full board of directors of McAfee is also authorized to act as the Administrator, if it so elects. 

“Affiliate” has the meaning set forth in the LLC Agreement. 

“Award” means an award consisting of, or based on, FTW Class A Units (including FTW RSUs), FTW Management Incentive
Units or McAfee Shares (including restricted stock units under which McAfee Shares may be delivered), in each case, granted under the Plan. The term “Award” will also be construed to refer to any securities received in respect of the
settlement or exchange of an Award for such securities (in one or more transactions). 
 “Award Agreement” means a written
agreement between McAfee or FTW and the Participant evidencing an Award, as it may be amended or modified from time to time (which may consist of one or more documents, including a notice of, or agreement regarding, amended award terms). 

“Board of Managers” means the Administrator. 

“Change in Control” means, except as otherwise provided in an Award Agreement or other applicable written agreement signed by
FTW and/or McAfee, a transaction or series of transactions in which (i) the TPG Investor and the Intel Investors sell (including by reason of a merger, recapitalization, or sale of securities) (A) more than 60% of their aggregate interests
(including their interests in both McAfee and FTW) to an unrelated third party who is a financial buyer (including, without limitation, a limited partner or other passive investor) (and do not directly or indirectly hold 40% or more of the acquiring
Person after the transaction) or (B) more than 50% of their aggregate interests (including their interests in both McAfee and FTW) to an unrelated third party who is a strategic buyer, or (ii) there is a sale or exclusive license of
substantially all of the assets of McAfee and FTW (on a combined basis) to an unrelated third party. A Public Offering or a sell-down into the market following a Public Offering (including, for the avoidance of doubt, the initial public offering of
McAfee Shares) shall not constitute a Change in Control. 

  
 A-1 

 “Code” means the U.S. Internal Revenue Code of 1986 as from time to time
amended and in effect, or any successor statute as from time to time in effect. For the avoidance of doubt, any reference to any section of the Code includes reference to any regulations (including proposed or temporary regulations) promulgated
under that section and any Internal Revenue Service guidance thereunder. 
 “Company” means either FTW or McAfee, or both
FTW and McAfee, as determined by the Administrator in its sole discretion. 
 “Covered Transaction” means any transaction
in which (i) one or more classes of securities issued by McAfee or FTW are converted into, or exchanged for, securities in another form issued by McAfee or FTW, any of their direct or indirect subsidiaries, a newly formed parent or affiliated
Persons, (ii) McAfee or FTW merges or otherwise combines with one or more Affiliates of McAfee or FTW with McAfee or FTW surviving any such merger or combination, or (iii) any other transaction the Administrator determines to be a Covered
Transaction. 
 “Effective Time” means the time at which the initial public offering of McAfee Shares was consummated. 

“Employee” means any Person who is employed by or is a service provider to McAfee, FTW and/or any of their Affiliates. 

“Employment” means a Participant’s employment or other service relationship with McAfee, FTW and/or any of their
Affiliates. Unless the Administrator provides otherwise, a Participant who receives an Award in his or her capacity as an Employee will be deemed to cease Employment when the employment or service relationship with McAfee, FTW and/or their
Affiliates, as applicable, ceases and a Participant who receives an Award in any other capacity will be deemed to continue Employment so long as the Participant is providing substantial services to McAfee, FTW or one of their Affiliates. If a
Participant’s relationship is with an Affiliate of FTW or McAfee and that entity ceases to be an Affiliate, unless otherwise determined by the Administrator, the Participant will be deemed to cease Employment when the entity ceases to be an
Affiliate unless the Participant transfers Employment to McAfee, FTW or any of their remaining Affiliates. 
 “Fair Market
Value” means, (i) with respect to any Awards consisting of or based on FTW Class A Units or FTW Management Incentive Units, Fair Market Value as defined in the LLC Agreement and (ii) with respect to Awards consisting of or
based on McAfee Shares, the closing transaction price of a McAfee Share on the principal national stock exchange on which the McAfee Shares are traded on the date as of which such value is being determined date or, if there shall be no reported
transactions for such date, the closing transaction price of a McAfee Share on the immediately preceding date on which a closing transaction price was reported; provided, however, that if McAfee Shares are not listed on a national
stock exchange or if Fair Market Value for any date cannot be so determined, Fair Market Value shall be determined by the Administrator by whatever means or method as the Administrator, in the good faith exercise of its discretion, shall at such
time deem appropriate; provided, however, in the case of a Covered Transaction, the Fair Market Value of a McAfee Share shall be the value implied by the terms of the Covered Transaction as determined by the Administrator in good faith. 

  
 A-2 

 “FTW” means Foundation Technology Worldwide LLC, a Delaware limited
liability company. 
 “FTW Class A Unit” means a Class A Unit (as defined in the LLC Agreement) of
FTW. Immediately prior to the Effective Time, FTW Class A Units were referred to under the Plan and Award Agreements as “Class A Units”, and all references in Award Agreements shall be interpreted mutatis mutandis for such
change. 
 “FTW Management Incentive Unit” means a Management Incentive Unit (as defined in the LLC Agreement) of FTW.
Notwithstanding anything to the contrary in any document, subject to Section 11(g) of the Plan, it is intended that all FTW Management Incentive Units granted pursuant to the Plan qualify as “profits interests” for U.S. federal income
tax purposes, and the Plan, any applicable Award Agreements, and the LLC Agreement shall be interpreted and administered accordingly. Immediately prior to the Effective Time, FTW Management Incentive Units were referred to under the Plan and Award
Agreements as “Management Incentive Units”, and all references in Award Agreements shall be interpreted mutatis mutandis for such change. 

“FTW RSU” an unfunded and unsecured promise, denominated in Class A Units, to deliver FTW Class A Units or cash in
lieu of Class A Units in the future, subject to certain conditions, including specified performance or other vesting conditions.    Immediately prior to the Effective Time, FTW RSUs were referred to under the Plan and Award
Agreements as “RSUs”, and all references in Award Agreements shall be interpreted mutatis mutandis for such change. As of the Effective Time, all FTW RSUs have been converted into restricted stock units payable in McAfee Shares and
all references in outstanding Award Agreements reflecting grants of FTW RSUs should be construed accordingly (after taking into account such other amendments or modifications as may otherwise have been made to such Awards or the applicable Award
Agreements). 
 “FTW Unit” means a Unit as set forth in the LLC Agreement. 

“Intel Investor” means the Intel Member (as defined in the LLC Agreement). 

“LLC Agreement” means the amended and restated limited liability company agreement of Foundation Technology Worldwide LLC,
dated in or about October 2020, as it may be amended from time to time. 
 “Management Equity Participation Unit” meant,
immediately prior to the Effective Time, an unfunded and unsecured promise, denominated in Management Incentive Units, to deliver an amount in cash based on the value of the notional Management Incentive Units if they were granted on the same date
as the Management Equity Participation Units were granted, subject to certain conditions, including specified performance or other vesting conditions. As of the Effective Time, all Management Equity Participation Units have been converted into
restricted stock units payable in McAfee Shares and all references in outstanding Award Agreements reflecting grants of Management Equity Participation Units should be construed accordingly (after taking into account such other amendments or
modifications as may otherwise have been made to such Awards or the applicable Award Agreements). 

  
 A-3 

 “Management Incentive Unit Return Threshold” has the meaning set forth in
the LLC Agreement. 
 “McAfee” means McAfee Corp., a Delaware corporation 

“McAfee Shares” means Class A common stock of McAfee. 

“Participant” means an eligible employee or service provider (as provided in Section 5) who is granted an Award under
the Plan. 
 “Permitted Transferee” has the meaning set forth in the LLC Agreement. 

“Person” has the meaning set forth in the LLC Agreement. 

“Plan” means the McAfee 2017 Management Incentive Plan, as it may be amended from time to time. 

“Public Offering” means a public offering and sale of the common equity of McAfee for cash registered under the Securities
Act of 1933, as amended, filed with the Securities and Exchange Commission on Form S-1 (or a successor form adopted by the Securities and Exchange Commission); provided, that the following will not be
considered a Public Offering: (a) any issuance of common equity interests as consideration for a merger or acquisition or (b) any issuance of common equity interests or rights to acquire common equity interests to existing equityholders of
the Company or their Affiliates or to employees of the Issuer on Form S-4 or Form S-8 (or a successor form adopted by the Securities and Exchange Commission) or
otherwise.. 
 “Publicly Traded Partnership” means a publicly traded partnership within the meaning of
Section 7704 of the Code. 
 “Section 409A” means Section 409A of the Code. 

“Subsidiary” has the meaning set forth in the LLC Agreement. 

“TPG Investor” means, collectively, any fund affiliated with TPG (as defined in the LLC Agreement).  

  
 A-4 

 FOUNDATION TECHNOLOGY WORLDWIDE LLC 

2017 MANAGEMENT INCENTIVE PLAN 

CALIFORNIA SUPPLEMENT 
 Pursuant to
Section 13 of the Plan, this supplement has been adopted for purposes of satisfying the requirements of Section 25102(o) of the California Corporations Code to the extent applicable. This supplement may be amended by the Administrator, as
necessary or desirable to comply with California law. Any Awards consisting of or based on FTW Units granted under the Plan to a Participant who is a resident of the State of California on the date of grant and who is not an accredited investor (a
“California Participant”) will be subject to the following additional limitations, terms and conditions, to the extent applicable: 
 1.
Additional Limitations on Transferability of Awards. Except as provided in the next sentence, Awards consisting of or based on FTW Units granted to a California Participant shall not be sold, assigned, transferred, pledged or otherwise
encumbered by the person to whom they are granted, either voluntarily or by operation of law, except by will or the laws of descent and distribution. Notwithstanding the foregoing, the Administrator may (but is not required to), as permitted
pursuant to the terms of the LLC Agreement, allow Awards consisting of or based on FTW Units to be transferred to a revocable trust, as permitted by Rule 701 of the Securities Act of 1933, as amended, or as otherwise permitted by
Section 25102(o) of the California Corporations Code, as in effect from time to time. 
 2. Issuance of Awards. No Award may be granted or
issued to a California Participant after the date that is ten (10) years from the earlier of the date the Plan was adopted by the Administrator or the date the Plan was approved by the members of FTW entitled to vote. 

3. Plan Approval. The Plan was approved by members of FTW entitled to vote by the later of (1) within 12 months before or after the date the Plan
was adopted by the Administrator or (2) prior to or within 12 months of the granting of an Award under the Plan in California. 
 4. No Application
to Awards in respect of McAfee Shares. This California Supplement shall not apply to any Award consisting of or settled in McAfee Shares.EX-10.28

 Exhibit 10.28 

FOUNDATION TECHNOLOGY WORLDWIDE LLC 

2017 MANAGEMENT INCENTIVE PLAN 

MANAGEMENT INCENTIVE UNIT AGREEMENT 

THIS MANAGEMENT INCENTIVE UNIT AGREEMENT (this “Award Agreement”), dated
[                 ] (the “Grant Date”), is made pursuant to the Foundation Technology Worldwide LLC 2017 Management Incentive Plan, as amended from time
to time (the “Plan”), and is entered into by and between Foundation Technology Worldwide LLC, a Delaware limited liability company (the “Company”) and
[                 ] (“Participant”) in connection with Participant’s performance of services for the Company. Capitalized terms used in this Award
Agreement but not otherwise defined herein shall have their respective meanings set forth in the Plan. 
 THE PARTIES HERETO AGREE AS
FOLLOWS: 
 1.    Award. Pursuant to the Plan, and on the terms and subject to the conditions set forth in this Award Agreement,
the Company hereby grants to Participant, an Award of [                 ] Management Incentive Units as of the Grant Date (this “Award”) on the terms
described herein. It is intended that this Award qualify as a “profits interest” for U.S. federal income tax purposes and this Award Agreement shall be interpreted accordingly. Notwithstanding anything to the contrary in any agreement, all
parties hereto agree that any holder of a Management Incentive Units (including Participant) shall be treated as a partner in the Company for U.S. federal income tax purposes. 

2.    Definitions. For purposes of this Award Agreement, the following terms shall have the following meanings: 

[                          
          ] 
 3.    Return Threshold. The Management Incentive Unit Return
Threshold that applies to this Award is equal to such amount as reflects a Fair Market Value per Class A Unit outstanding as of the date hereof of $23.93, as determined in accordance with the LLC Agreement. For the avoidance of doubt, in
applying the distribution provisions of Section 5 of the LLC Agreement, Participant will share in distributions with respect to each Management Incentive Unit subject to this Award only to the extent that the amounts distributable pursuant to
Section 5 exceed such Management Incentive Unit Return Threshold. 
 4.    Vesting.
[                                    ] 

5.    Call Option. Upon the termination of Participant’s Employment for any reason, Section 13 of the LLC Agreement shall
apply to all vested Management Incentive Units issued under this Award. 

 6.    Restrictive Covenants. Participant acknowledges and agrees that Participant
will execute, no later than the date hereof, and shall be bound by, the Restrictive Covenant Agreement attached hereto as Schedule A. The provisions of Schedule A shall survive any termination, expiration, forfeiture, transfer or other
disposition of this Award. In addition to any remedies that may be available to the Company or any of its Affiliates, the Administrator may cancel, rescind, terminate, withhold or otherwise limit or restrict this Award at any time if Participant is
not in compliance with all material applicable provisions of this Award Agreement and the Plan, or if Participant breaches any provision of Schedule A or any other agreement with the Company or its Affiliates with respect to non-competition, non-solicitation, non-disclosure, confidentiality, no-hire, assignment of
rights to intellectual property and/or non-disparagement. 
 7.    Representations,
Warranties, Covenants, and Acknowledgments of Participant. Participant hereby represents, warrants, covenants, acknowledges and agrees that: 

(a)    Investment. Participant is acquiring this Award for Participant’s own account, and not
for the account of any other Person. Participant is acquiring this Award for investment and not with a view to distribution or resale thereof except in compliance with applicable laws regulating securities. 

(b)    Relation to the Company. Participant is presently an Employee of the Company or one of its
Subsidiaries, and in such capacity has become personally familiar with the business of the Company and/or its Subsidiaries. 

(c)    Access to Information. Participant has had the opportunity to ask questions of, and to
receive answers from, the Company with respect to the terms and conditions of the transactions contemplated hereby and with respect to the business, affairs, financial conditions, and results of operations of the Company and its Affiliates. 

(d)    Registration. Participant understands that the Management Incentive Units have not been
registered under the Securities Act of 1933, as amended (the “Securities Act”), or any applicable securities law, and that, subject to the further restrictions in the LLC Agreement, the Management Incentive Units cannot be
transferred by Participant unless such transfer is registered under the Securities Act or an exemption from such registration is available. The Company has made no agreements, covenants or undertakings whatsoever to register the transfer of the
Management Incentive Units under the Securities Act or any applicable securities law. The Company has made no representations, warranties, or covenants whatsoever as to whether any exemption from the Securities Act or any applicable securities law,
including, without limitation, any exemption for limited sales in routine brokers’ transactions pursuant to Rule 144 of the Securities Act, will be available. If an exemption under Rule 144 is available at all, it will not be available until at
least one year from issuance of this Award and then not unless (a) a public trading market then exists in Management Incentive Units (or a successor security thereto); (b) adequate information as to the Company’s financial and other
affairs and operations is then available to the public; and (c) all other terms and conditions of Rule 144 have been satisfied. 

  
 2 

 (e)    Public Trading. None of the Company’s
equity securities are presently publicly-traded, and the Company has made no representations, covenants or agreements as to whether there will be a public market for any of its securities. 

(f)    Tax Advice. The Company has made no warranties or representations to Participant with respect
to the income tax consequences of the transactions contemplated by this Award Agreement, and Participant is in no manner relying on the Company or its representatives for an assessment of such tax consequences. 

(g)    One-Time Award. This Award represents a one-time, discretionary award and shall not in any way be considered as part of Participant’s employment compensation, wages, entitlements, or any other similar compensation or benefits plan or scheme.
Eligibility for awards under the Plan are determined by the Administrator in its sole discretion and eligibility for, or receipt of, an award in a certain fiscal year does not imply or guarantee entitlement to an award in any future fiscal years.

 8.    Binding Effect. Subject to the limitations set forth in this Award Agreement, the Plan and the LLC Agreement (including,
without limitation, limitations on transfer), this Award Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors and assigns of the parties hereto. 

9.    Taxes. 

(a)    Election under Section 83(b). Participant shall execute and deliver to the
Company, with his or her executed Award Agreement, a copy of the Election Pursuant to Section 83(b) of the Code, substantially in the form attached hereto as Exhibit A. 

(b)    Withholding. The Administrator will make such provision for the withholding of taxes as it
deems necessary under applicable law. Except to the extent the Administrator permits Participant to pay by other means, Participant shall remit cash in an amount sufficient to satisfy such taxes. 

10.    Data Privacy. The Company and Participant’s employer hereby notify Participant of the following in relation to
Participant’s personal data and the collection, processing and transfer of such data in relation to this Award and Participant’s participation in the Plan: 

(a)    the collection, processing and transfer of Participant’s personal data is necessary for the Company’s
administration of the Plan and Participant’s participation in the Plan, and Participant’s denial and/or objection to the collection, processing and transfer of personal data may affect Participant’s ability to participate in the Plan.
As such, Participant voluntarily acknowledges, consents and agrees (where required under applicable law) to the collection, use, processing and transfer of personal data as described herein. 

(b)    The Company and Participant’s employer hold certain personal information about Participant, including (but not
limited to) Participant’s name, home address and telephone number, date of birth, social security number or other employee identification 

  
 3 

 
number, salary, nationality, job title, any equity interests or directorships held in the Company, details of all equity awards or any other entitlement to equity awarded, canceled, purchased,
vested, exercised, unvested or outstanding in Participant’s favor for the purpose of managing and administering the Plan (collectively, the “Data”). The Data may be provided by Participant or collected, where lawful, from third
parties, and the Company and Participant’s employer will process the Data for the exclusive purpose of implementing, administering and managing Participant’s participation in the Plan. Processing of the Data will take place through
electronic and non-electronic means according to logics and procedures strictly correlated to the purposes for which the Data is collected and with confidentiality and security provisions as set forth by
applicable laws and regulations in Participant’s country of residence. Data processing operations will be performed in a manner that minimizes the use of personal and identification data when such operations are unnecessary for the processing
purposes sought. The Data will be accessible within the Company’s organization only by those persons requiring access for purposes of the implementation, administration and operation of the Plan and for Participant’s participation in the
Plan. 
 (c)    The Company and Participant’s employer will transfer Data as necessary for the purpose of
implementation, administration and management of Participant’s participation in the Plan, and the Company and/or Participant’s employer may each further transfer Data to any third parties assisting the Company in the implementation,
administration and management of the Plan. These recipients may be located in the European Economic Area, the United States or elsewhere throughout the world. Participant hereby authorizes (where required under applicable law) the recipients to
receive, possess, use, retain and transfer the Data, in electronic or other form, for purposes of implementing, administering and managing Participant’s participation in the Plan, including any requisite transfer of such Data as may be required
for the administration of the Plan and/or the subsequent holding of equity interests on Participant’s behalf to a broker or other third party with whom Participant may elect to deposit any equity interest acquired pursuant to the Plan, subject
to the limitations set forth in the Plan, the LLC Agreement and this Award Agreement. Participant may, at any time, exercise Participant’s rights provided under applicable personal data protection laws (if any), which may include the right to
(i) obtain confirmation as to the existence of the Data, (ii) verify the content, origin and accuracy of the Data, (iii) request the integration, update, amendment, deletion, or blockage (for breach of applicable laws) of the Data,
and (iv) oppose, for legal reasons, the collection, processing or transfer of the Data that is not necessary or required for the implementation, administration and/or operation of the Plan and Participant’s participation in the Plan.
Participant may seek to exercise these rights by contacting Participant’s local human resources manager. 
 11.    Survival of
Representations and Warranties and Restrictive Covenants. The representations, warranties and covenants contained in Section 7 hereof shall survive until Participant and his or her Permitted Transferees no longer hold any of the Management
Incentive Units issued hereunder. The restrictive covenants contained herein and the remedies for violation of such restrictive covenants contained in Section 6 hereof shall survive the termination of this Award Agreement and shall only expire,
if at all, pursuant to their terms or as otherwise agreed in a signed writing by the parties hereto. 

  
 4 

 12.    Unit Certificate Restrictive Legends. The certificates evidencing any
Management Incentive Units that are certificated may bear such restrictive legends as the Company and/or the Company’ counsel may deem necessary or advisable under applicable law or pursuant to this Award Agreement to evidence the restrictions
applicable to such Management Incentive Units. 
 13.    Notices. All notices required or permitted hereunder shall be in writing
deemed effectively given when delivered in person or mailed by certified or registered mail, return receipt requested, postage prepaid, addressed to the other party hereto at the address shown beneath his or her or its respective signature to this
Award Agreement, or at such other address or addresses as either party shall designate to the other in writing. 
 14.    Successors
and Assigns. The rights, duties, and obligations under this Award Agreement and the Plan may not be assigned by Participant or the Company, except that this Award Agreement shall be assignable by the Company to any successor entity, including an
entity acquiring all, or substantially all, of the assets of the Company. The provisions of this Award Agreement shall be binding on any such assignee. 

15.    Entire Agreement; Amendments. This Award Agreement, the Plan, and the LLC Agreement, constitute the entire agreement among
the parties pertaining to the subject matter hereof and supersede all prior or contemporaneous agreements, understandings, negotiations and discussions, whether oral or written, of the parties, including, without limitation, any offer letter or
other document or communication to the extent related to any long-term incentive awards of the Company or its Affiliates or the terms thereof. There are no agreements, understandings, specific restrictions, warranties, or representations relating to
said subject matter between the parties other than those set forth herein or herein provided for. This Award Agreement may be amended only in accordance with Section 10 of the Plan. 

16.    Waivers. The failure of a party to insist upon strict performance of any provision of this Award Agreement in any one or
more instances shall not be construed as a waiver or relinquishment of the right to insist upon strict compliance with such provision in the future. In the event of any ambiguity in this Award Agreement or any matters as to which this Award
Agreement is silent, the Plan will govern. 
 17.    Invalidity. In the event that any one or more of the provisions of this
Award Agreement or any word, phrase, clause, sentence, or other portion thereof shall be deemed to be illegal or unenforceable for any reason, such provision or portion thereof shall be modified or deleted in such a manner so as to make this Award
Agreement, as modified, legal and enforceable to the fullest extent permitted under applicable laws. 
 18.    Number; Titles. As
used in this Award Agreement, the singular form shall include, if appropriate, the plural. The headings used in this Award Agreement are solely for the convenience and reference of the parties and are not intended to be descriptive of the entire
contents of any paragraph and shall not limit or otherwise affect any of the terms, provisions, or construction thereof. 

  
 5 

 19.    Governing Law. The validity, construction and effect of this Award
Agreement, and of any determinations or decisions made by the Administrator relating to this Award Agreement, and the rights of any and all Persons having, or claiming to have, any interest under this Award Agreement, shall be governed by and
construed in accordance with the laws of the State of Delaware without regard to otherwise governing principles of conflicts of law. Any suit with respect to this Award Agreement will be brought in the federal or state courts in the districts which
include the State of Delaware, and Participant agrees and submits to the personal jurisdiction and venue thereof. 

20.    Counterparts. This Award Agreement may be executed in any number of counterparts, any of which may be executed and
transmitted by facsimile or electronic means (including “pdf”), and each of which shall be deemed to be an original, but all of which together shall be deemed to be one and the same instrument. 

21.    Accession to LLC Agreement. By execution of this Award Agreement, Participant hereby agrees, in respect of the Management
Incentive Units awarded to him or her under this Award Agreement, to be bound by the terms of the LLC Agreement as a Member, and such terms are hereby incorporated by reference as if set out herein in full, except as provided herein. For the
avoidance of doubt, this Section 21 shall survive the termination of this Award Agreement. 
 22.    Power of Attorney.
Participant hereby irrevocably constitutes and appoints the Administrator (or its designee) with full power of substitution, acting jointly or severally, as his or her
attorney-in-fact and agent to sign, execute and deliver, in Participant’s name and on his or her behalf, all or any such agreement, deeds, instruments, documents
and/or any counterpart thereof or certificates or to take any such action as it deems necessary from time to time or as is required under any applicable law to admit Participant as a Member of the Company or to conduct the business of the Company,
including (without limitation) the power and authority to sign, execute and deliver (or attach signature pages to) (i) the LLC Agreement, (ii) any amendment to the LLC Agreement adopted in accordance with its terms, (iii) any
agreements, deeds, instruments or documents reasonably necessary to satisfy Participant’s obligations under Section 13 of the LLC Agreement, or (iv) such documents as the Administrator deems necessary in good faith to effectuate the
customary lock-up following a Public Offering as set forth in Section 11.1(e) of the LLC Agreement. This power of attorney is given to secure the obligations of Participant hereunder and deemed coupled
with an interest of the Administrator and is irrevocable. 
 23.    Further Representations and Acknowledgements of Participant.

 (a)    Participant hereby represents that he or she has read the Plan and is familiar with the
Plan’s terms. Participant hereby acknowledges that he or she has carefully read this Award Agreement and agrees, on behalf of himself or herself and on behalf of his/her beneficiaries, estate and permitted assigns, to be bound by all of the
provisions set forth herein and that this Award and Management Incentive Units are subject to all of the terms and provisions of this Award Agreement and of the Plan, as the Plan may be amended in 

  
 6 

 
accordance with its respective terms. In the event of any conflict between the terms of this Award Agreement and the Plan, the Plan shall control. 

(b)    Participant acknowledges that nothing in this Award Agreement (including exhibits hereto) alters the
nature of employment with Company or any Affiliate of the Company. Participant acknowledges having been afforded a reasonable opportunity to consult with financial or legal advisors regarding the consequences of Participant’s acceptance of the
grant on the terms and conditions set forth in this Award Agreement. 
 [Remainder of the page intentionally left
blank] 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have executed this Award Agreement on the day and
year first above written. 
  

			
	 Foundation Technology Worldwide LLC

a Delaware limited liability company

 
			
		
	By:	 	  

 
			
	
	Name: [             ]
	Title:   [             ]
	
	Address:
	
	 Foundation Technology Worldwide LLC

Corporate Headquarters

	[             ]
	Attention: General Counsel
	
	With copies (not constituting notice) to:
	
	[             ]
	
	and
	
	Ropes & Gray LLP
	The Prudential Tower
	800 Boylston Street
	Boston, MA 02199
	Attention: Alfred Rose and Michael Roh
	Email: alfred.rose@ropesgray.com and
	michael.roh@ropesgray.com

 [Management Incentive Unit Agreement of Foundation Technology Worldwide LLC Company Signature
Page] 

 
			
	Participant:
	
	  

	(Sign Name)
	
	Name: [             ]
	
	Address: The most recent address reflected in the
	Company’s records

 [Management Incentive Unit Agreement of Foundation Technology Worldwide LLC Participant Signature
Page] 

 Schedule A 

RESTRICTIVE COVENANT AGREEMENT 
 This
Restrictive Covenant Agreement (this “Agreement”) is made and entered into as of [            ] by and between Foundation Technology Worldwide LLC (the
“Company”) on its own behalf and on behalf of its Affiliates (defined below), as may exist from time to time, and [            ] (“Participant”).
Capitalized terms used in this Agreement but not otherwise defined herein shall have their respective meanings set forth in Participant’s Award Agreement. 
  

	1.	 Mutual Agreement. Participant acknowledges the importance to the Company and its Affiliates of
protecting their Confidential Information and other legitimate business interests, including the valuable trade secrets and good will that they have developed or acquired. In consideration of Participant’s Employment, Participant’s Award
and other good and valuable consideration, the receipt and sufficiency of which Participant hereby acknowledges, Participant agrees that the following restrictions on Participant’s activities during and after Employment are reasonable and
necessary to protect the legitimate interests of the Company. 

  

	2.	 Confidentiality. 

 

	 	2.1.	 Participant agrees that all Confidential Information which Participant creates or to which Participant has
access as a result of Participant’s Employment and other associations with the Company or any of its Affiliates is and will remain the sole and exclusive property of the Company and its Affiliates. Participant agrees that, except as required
for the proper performance of Participant’s regular duties for the Company, as expressly authorized in writing in advance by a duly authorized officer of the Company, or as required by applicable law, Participant will never, directly or
indirectly, use or disclose any Confidential Information. Participant understands and agrees that this restriction will continue to apply after the termination of Participant’s Employment for any reason. For the avoidance of doubt, nothing in
this Agreement limits, restricts or in any other way affects Participant’s communicating with any governmental agency or entity, or communicating with any official or staff person of a governmental agency or entity, concerning matters relevant
to the governmental agency or entity. Participant will not be held criminally or civilly liable under any federal or state trade secret law for disclosing a trade secret (a) in confidence to a federal, state, or local government official,
either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law, or (b) in a complaint or other document filed under seal in a lawsuit or other proceeding. Notwithstanding this
immunity from liability, Participant may be held liable if Participant unlawfully access trade secrets by unauthorized means. 

  

	 	2.2.	 Participant agrees that all documents, records and files, in any media of whatever kind and description,
relating to the business, present or otherwise, of the Company or any of its Affiliates, and any copies, in whole or in part, thereof (the “Documents”), whether or not prepared by Participant, will be the sole and

  
 A-1 

	 	
exclusive property of the Company. Participant agrees to safeguard all Documents and to surrender to the Company, at the time Participant’s Employment terminates or at such earlier time or
times as an authorized officer of the Company may specify, all Documents then in Participant’s possession or control. Participant also agrees to disclose to the Company, at the time Participant’s Employment terminates or at such earlier
time or times as an authorized officer of the Company may specify, all passwords necessary or desirable to obtain access to, or that would assist in obtaining access to, any information which Participant has password-protected on any computer
equipment, network or system of the Company or any of its Affiliates. 

  

	3.	 Assignment of Intellectual Property Rights. Participant agrees to promptly and fully disclose all
Intellectual Property to the Company. Participant hereby assigns and agrees to assign to the Company (or as otherwise directed by the Company) Participant’s full right, title and interest in and to all Intellectual Property. Participant agrees
to execute any and all applications for domestic and foreign patents, copyrights or other proprietary rights and to do such other acts (including the execution and delivery of instruments of further assurance or confirmation) requested by the
Company to assign the Intellectual Property to the Company (or as otherwise directed by the Company) and to permit the Company to enforce any patents, copyrights or other proprietary rights to the Intellectual Property. Participant will not charge
the Company for time spent in complying with these obligations. All copyrightable works that Participant creates during Employment with the Company will be considered “work made for hire” and will, upon creation, be owned exclusively by
the Company. 

  

	4.	 Restricted Activities. 

 

	 	4.1.	 While Participant is employed by the Company and during the eighteen (18)-month period immediately following
the date of termination of Participant’s Employment (the “Restricted Period”), Participant agrees to not, directly or indirectly, whether as owner, partner, investor, consultant, agent, employee,
co-venturer or otherwise, engage in the Business in any geographic area in which the Company or any of its Affiliates engage in the Business or are actively planning to engage in the Business during
Participant’s Employment or, with respect to the portion of the Restricted Period that follows termination of Participant’s Employment, at the time of such termination (the “Restricted Area”), or undertake any planning to
do any of the foregoing anywhere in the Restricted Area. Specifically, but without limiting the foregoing, during the Restricted Period, Participant agrees not to work or provide services, in any capacity, anywhere in the Restricted Area, whether as
an employee, independent contractor or otherwise, whether with or without compensation, to any Person that is engaged in the Business; provided that notwithstanding the foregoing, that for purposes of this Agreement, Participant may engage in
(i) owning, directly or indirectly, solely as an investment, up to five percent (5%) of any class of securities of any company (whether public or private) that is competitive or substantially similar to the Business; (ii) owning a passive
equity interest in a private debt or equity investment fund in which Participant does not have the ability to control or exercise any managerial influence over such fund; or (iii) any activity consented to in advance in writing by the Company.

  
 A-2 

	 	4.2.	 During the Restricted Period, Participant agrees to not, directly or indirectly, (a) solicit or encourage
any customer, vendor, supplier or other business partner of the Company or any of its Affiliates to terminate or diminish its relationship with any of them; or (b) seek to persuade any customer, such vendor, supplier or other business partner,
or any prospective customer, vendor, supplier or other business partner of the Company or any of its Affiliates, to conduct with anyone else any business or activity which such customer, vendor, supplier or other business partner conducts, or such
prospective customer, vendor, supplier or other business partner could conduct, with the Company or any of its Affiliates; provided that these restrictions will apply (y) only with respect to those Persons who are or have been a business
partner of the Company or any of its Affiliates at any time within the six (6)-month period immediately preceding the activity restricted by this Section 4.2 or whose business has been solicited on behalf of the Company or any of the Affiliates
by any of their officers, employees or agents within such six (6)-month period, other than by form letter, blanket mailing or published advertisement, and (z) only if Participant has performed work for such Person during Participant’s
Employment or been introduced to, or otherwise had contact with, such Person as a result of Participant’s Employment or other associations with the Company or any of its Affiliates or has had access to Confidential Information which would
assist in Participant’s solicitation of such Person. 

  

	 	4.3.	 During the Restricted Period, Participant agrees to not, and to not assist any other Person to, directly or
indirectly, (a) hire or engage, or solicit for hiring or engagement, any employee of the Company or any of its Affiliates or seek to persuade any such employee to discontinue employment or (b) solicit or encourage any independent
contractor providing services to the Company or any of its Affiliates to terminate or diminish its relationship with any of them. For purposes of this Agreement, (i) an “employee” or an “independent contractor”
of the Company or any of its Affiliates is any Person who was such at any time within the twelve (12)-month period immediately preceding the activity restricted by this Section 4.3 and (ii) an “independent contractor”
means only a natural person independent contractor or an entity independent contractor controlled by a natural person providing services to the Company or any of its Affiliates. Notwithstanding the foregoing, for purposes of this Agreement, the
placement of general advertisements that may be targeted to a particular geographic or technical area but that are not specifically targeted toward employees or independent contractors of the Company shall not be considered solicitation.

  

	5.	 Nondisparagement. Subject to the third to last sentence of Section 2.1 of this Agreement,
Participant agrees that he or she will not disparage or criticize the Company, its Affiliates, their business, their management or their products or services, and that Participant will not otherwise do or say anything that could materially disrupt
the good morale of employees of the Company or any of its Affiliates or could materially harm the interests or reputation of the Company or any of its Affiliates. 

  
 A-3 

	6.	 Enforcement of Covenants. 

 

	 	6.1.	 In signing this Agreement, Participant gives the Company assurance that Participant has carefully read and
considered all of the restraints hereunder, has not relied on any agreements or representations, express or implied, that are not set forth expressly in this Agreement, and has signed this Agreement knowingly and voluntarily. Participant agrees that
these restraints are necessary for the reasonable and proper protection of the Company and its Affiliates, and are reasonable in respect to subject matter, length of time and geographic area. Participant further agrees that, were Participant to
breach any of the covenants contained herein, the damage to the Company and its Affiliates would be irreparable. Participant therefore agrees that the Company, in addition to any other remedies available to it, will be entitled to preliminary and
permanent injunctive relief against any breach or threatened breach by Participant of any such covenants, without having to post bond, together, to the extent the Company prevails in securing any such relief, with an award of its reasonable
attorneys’ fees incurred in enforcing its rights hereunder. 

  

	 	6.2.	 So that the Company may enjoy the full benefit of the covenants contained in Section 4 above, Participant
agrees that the Restricted Period will be tolled, and will not run, during the period of any breach by Participant of such covenants. In the event that any provision of this Agreement is determined by any court of competent jurisdiction to be
unenforceable by reason of its being extended over too great a time, too large a geographic area or too great a range of activities, that provision will be deemed to be modified to permit its enforcement to the maximum extent permitted by law.
Participant agrees that each of the Company’s Affiliates will have the right to enforce Participant’s obligations to that Affiliate under this Agreement. No claimed breach of this Agreement or other violation of law attributed to the
Company or any of its Affiliates, or change in the nature or scope of Participant’s Employment or other relationship with the Company or any of its Affiliates, will operate to excuse Participant from the performance of Participant’s
obligations under this Agreement. 

  

	7.	 Definitions. For purposes of this Agreement, the following definitions apply: 

“Affiliates” has the meaning set forth in the Plan, provided that for purposes of Section 4 above, the term
“Affiliate” shall exclude the TPG Investor, Intel, the Intel Investors (each as defined in the LLC Agreement) and all Affiliates of such entities other than the Company, its subsidiaries and any brother/sister entities acting in concert
with the business or planning of the Company and its subsidiaries. 
 “Business” means (i) the business of security
solutions related to computers, mobile devices, and networks, providing internet security products and services and/or (ii) any other business that the Company or any of its Affiliates is engaged in or is actively planning to be engaged in,
during Participant’s Employment or, with respect to the portion of the Restricted Period that follows termination of Participant’s Employment, at the time of such termination. 

  
 A-4 

 “Confidential Information” means any and all information of the Company or
any Affiliate of the Company which is not generally known by the public, including without limitation information about the customers, business connections, customer lists, procedures, operations, trade secrets, techniques and other aspects of and
information about the business of the Company or any Affiliate of the Company, unless and to the extent that any such information (i) becomes generally known to and available for use by the public other than as a result of Participant’s
acts or omissions, or (ii) was properly known to Participant, without restriction, prior to disclosure by the Company. 

“Intellectual Property” means inventions, discoveries, developments, improvements, methods, processes, procedures, plans,
projects, systems, techniques, strategies, information, compositions, works, concepts and ideas, or modifications or derivatives of any of the foregoing (whether or not patentable or copyrightable or constituting trade secrets) (collectively,
“Inventions”) conceived, made, created, developed or reduced to practice by Participant (whether alone or with others, whether or not during normal business hours or on or off Company premises) during Participant’s Employment
that relate either to the business of the Company or any of its Affiliates or to any prospective activity of the Company or any of its Affiliates or that result from any work performed by Participant for the Company or any of its Affiliates or that
make use of Confidential Information or any of the equipment or facilities of the Company or any of its Affiliates. 
  

	8.	 Compliance with Other Agreements and Obligations. Participant represents and warrants that
Participant’s Employment with the Company and the execution and performance of this Agreement will not breach or be in conflict with any other agreement to which Participant is a party or is bound, and that Participant is not now subject to any
covenants against competition or similar covenants or other obligations to third parties or to any court order, judgment or decree that would affect the performance of Participant’s obligations hereunder or Participant’s duties and
responsibilities to the Company. Participant will not disclose to or use on behalf of the Company or an Affiliate, or induce the Company or any of its Affiliates to possess or use, any confidential or proprietary information of any previous employer
or other third party without that party’s consent. 

  

	9.	 Entire Agreement; Severability; Modification. This Agreement sets forth the entire agreement between
Participant and the Company, and supersedes all prior and contemporaneous communications, agreements and understandings, written or oral, with respect to the subject matter hereof; provided, however, that this Agreement shall not supersede any
effective assignment of any invention or other intellectual property to the Company or any of its Affiliates and shall not constitute a waiver by the Company or any of its Affiliates of any right that any of them now has or may now have under any
agreement imposing obligations on Participant with respect to confidentiality, non-competition, non-solicitation of employees, independent contractors or like
obligations. The provisions of this Agreement are severable. This Agreement may not be modified or amended, and no breach will be deemed to be waived, unless agreed to in writing by Participant and an expressly authorized officer of the Company.
Provisions of this Agreement will survive any termination if so provided in this Agreement or if necessary or desirable to accomplish the purpose of other surviving provisions, including, without limitation, Sections
2-7. 

  
 A-5 

	10.	 Assignment. The Company may assign its rights and obligations under this Agreement without
Participant’s consent to any of its Affiliates or to any Person with whom the Company will hereafter effect a reorganization, consolidate or merge, or to whom the Company will hereafter transfer all or substantially all of its properties or
assets. This Agreement will inure to the benefit of and be binding upon Participant and the Company, and each of their respective successors, executors, administrators, heirs and permitted assigns. 

 

	11.	 At-Will Employment. Participant acknowledges that this Agreement
is not meant to constitute a contract of employment for a specific duration or term, and that Participant’s employment with the Company is at-will. The Company and Participant will each retain the right
to terminate Participant’s employment at any time, with or without notice or cause. 

  

	12.	 Choice of Law. This is a Delaware contract and will be governed by and construed in accordance with the
laws of the State of Delaware, without regard to any conflict of laws principles that could result in the application of the laws of another jurisdiction. Participant agrees to submit to the exclusive jurisdiction of the courts of and in the State
of Delaware in connection with any dispute arising out of this Agreement. 

  
 A-6 

 Intending to be legally bound hereby, the parties have signed this Agreement as of the day and year written
above. 
  

							
	Company:	 		 	FOUNDATION TECHNOLOGY WORLDWIDE LLC
				
		 		 	By:	 	  

		 		 	Name:	 	[                ]
		 		 	Title:	 	[                ]

  
 [Company Signature Page to Restrictive
Covenant Agreement] 

							
	Participant:	 		 	  

		 		 	Name:	 	[                ]

 [Participant Signature Page to Restrictive Covenant Agreement]

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