Document:

EX-10.6

 Exhibit 10.6 

DELL INC. SPECIAL INCENTIVE BONUS PLAN 

Dell Inc., a Delaware corporation, adopts this Dell Inc. Special Incentive Bonus Plan for the purpose of rewarding designated executive
employees for helping the Company meet or exceed its pre-defined performance goals, for attaining designated individual performance goals, and for acting in a manner consistent with the Company’s mission and values. 

 

	1.	Definitions 

 As used herein, the following terms shall have the respective meanings
indicated: 
 1.1 “Bonus Payment” shall mean the amount payable for a Plan Year to an Eligible Executive, as determined by the
Committee pursuant to the terms of the Plan. 
 1.2 “Bonus Target” shall mean, for each Eligible Executive, the target bonus
payment established for the Plan Year by the Committee. 
 1.3 “Committee” shall mean the Leadership Development and Compensation
Committee. 
 1.4 “Company” shall mean Dell Inc., a Delaware corporation. 

1.5 “Eligible Executive” shall mean each senior management and/or executive employee of the Company or any of its subsidiaries that
the Committee determines, in its discretion, is eligible to participate in the Plan for a Plan Year. 
 1.6 “Performance Modifier”
shall mean a percentage modifier, determined by the Committee, based on the Eligible Executive’s performance against one or more criteria established by the Committee for the Plan Year. The Plan Year performance criteria established by the
Committee may include, without limitation, the Company, business unit, or individual performance against financial metrics, non-financial metrics, strategic objectives, or such other measures as the Committee may determine. 

1.7 “Plan” shall mean the Dell Inc. Special Incentive Bonus Plan. 

1.8 “Plan Year” shall mean the Company’s fiscal year performance period. 

 

	2.	Eligibility 

 Eligibility under this Plan is limited to Eligible Executives as designated
by the Committee in its sole and absolute discretion. No employee is an Eligible Executive until such designation has occurred. Because employee retention is an important objective of this Plan, an Eligible Executive who separates from employment
prior to the date the Bonus Payments are paid will not receive payment of his or her Bonus Payment unless designated by the Committee. Any incentive award payment amounts that are not paid as a result of (i) a termination of employment prior to date
the Bonus Payments are paid, or (ii) a failure by the Company or an Eligible Executive, as applicable, to achieve designated objectives, will be forfeited. 
  

	3.	Bonus Payment Calculation 

 3.1 Each Eligible Executive who satisfies the conditions for
receipt of a Bonus Payment for a Plan Year will receive a Bonus Payment equal to the product of the Eligible Executive’s Bonus Target for the Plan Year multiplied by the Eligible Executive’s Performance Modifier for the Plan Year. 

 3.2 An Eligible Executive’s Performance Modifier for a Plan Year shall be determined by the
Committee in its discretion, based on the Eligible Individual’s performance against one or more key individual performance indicators specified by the Committee for the Plan Year and such other factors which the Committee deems relevant from
time to time. 
 3.3 Notwithstanding anything in the Plan to the contrary, subject to the provisions of applicable law, the Committee shall
have complete and absolute authority and discretion to reduce the Performance Modifier, or the amount of any Bonus Payment that would otherwise be payable to an Eligible Executive (including a reduction to zero) for any reasons that the Committee
shall deem appropriate. The exercise of the Committee’s discretion pursuant to this Section 3(3) with respect to any Eligible Executive shall not have the effect of increasing the Bonus Payment that is payable to any other Eligible Executive.

  

	4.	Terms and Conditions 

 Award under this Plan will be subject to such additional terms,
provisions and conditions that the Committee determines are appropriate. Such terms and conditions may be evidenced by an electronic transmission (including an e-mail or reference to a website or other URL) sent to the recipient through the
Company’s normal process for communicating electronically with its employees. As a condition to participating in this Plan and, if applicable, receiving a Bonus Payment, each Eligible Executive must accept and agree to such terms, provisions
and conditions in such a manner as the Committee may prescribe. 
  

	5.	Payment of Special Incentive Bonuses 

 Bonus Payments shall be paid in cash at such times
and on such terms as are determined by the Committee in its sole and absolute discretion, provided that the Bonus Payments will be paid no later than the 15th day of the third month of the Plan Year following the end of the Plan Year for which such
amounts were earned. 
  

	6.	General Provisions 

 6.1 Taxes. The Company shall have the right to withhold, or
require an Eligible Executive to remit to the Company, an amount sufficient to satisfy any applicable federal, state, local or foreign withholding tax requirements imposed with respect to the payment of any Bonus Payment. 

6.2 Inapplicability in Certain Jurisdictions. The Plan will not be available to Employees who are subject to the laws of any
jurisdiction which prohibits any provisions of this Plan or in which tax or other business considerations make participation impracticable in the judgment of the Committee. 

6.3 No Right to Compensation or Employment. Neither the establishment of the Plan, the provision for or payment of any amounts
hereunder nor any action of the Company, or the Committee with respect to the Plan shall be held or construed to confer upon any person (i) any legal right to receive, or any interest in, a Bonus Payment or any other benefit under the Plan or (ii)
any legal right to continue to serve as an employee of the Company or any subsidiary or affiliate of the Company. The Plan and any individual award is offered as a gratuitous award at the sole discretion of the Company. The Plan does not create
vested rights of any nature nor does it constitute a contract of employment or a contract of any other kind. The Plan does not create any customary concession or privilege to which there is any entitlement from year-to-year, except to the extent
required under applicable law. Nothing in the Plan entitles an Eligible Executive to any remuneration or benefits not set forth in the Plan nor does it restrict the Company’s rights to increase or decrease the compensation of any Eligible
Executive, except as otherwise required under applicable law. 

  
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 Except as explicitly provided by law, the awards shall not become a part of any employment
condition, regular salary, remuneration package, contract or agreement, but shall remain gratuitous in all respects. Awards are not to be taken into account for determining overtime pay, severance pay, termination pay, pay in lieu of notice, or any
other form of pay or compensation. 
 6.4 Plan Subject to Change. Except as explicitly provided by law, this Plan is provided at the
Company’s sole discretion and the Committee may modify or terminate it at any time, prospectively or retroactively. In addition, there is no obligation to extend the Plan or establish a replacement plan in subsequent years. 

6.5 Unfunded Plan. The Company shall have no obligation to reserve or otherwise fund in advance any amounts that are or may in the
future become payable under the Plan. Any funds that the Company, acting in its sole and absolute discretion, determines to reserve for future payments under the Plan may be commingled with other funds of the Company and need not in any way be
segregated from other assets or funds held by the Company. An Eligible Executive’s rights to payment under the Plan shall be limited to those of an unsecured general creditor of the Company. 

6.6 Compliance with Section 409A. The Plan is intended to comply with the requirements of Section 409A of the Internal Revenue Code,
regulations, rulings and other guidance issued there under, and shall be interpreted and administered accordingly. This Plan is intended to be excluded from coverage under Section 409A of the Internal Revenue Code pursuant to the “short-term
deferral exception” under Section 1.409A-1(b)(4). If any provision of this Plan would otherwise conflict with this intent, the Company may amend the Plan to the extent necessary to comply with Section 409A of the Internal Revenue Code. 

6.7 Nontransferability. Except as expressly provided by the Committee, the rights and benefits under the Plan are personal to an
Eligible Executive and shall not be subject to any voluntary or involuntary alienation, assignment, pledge, transfer or other disposition. 
  

	7.	Administration 

 7.1 General Administrative Powers. The general administration of the
Plan and the duty to carry out its provisions shall be vested in the Committee. The Committee shall have the power to make reasonable rules and regulations required in the administration of the Plan, to make all determinations necessary for the
Plan’s administration, to construe and interpret the Plan wherever necessary to carry out its intent and purpose, and to facilitate its administration. The Committee shall have the exclusive right to determine eligibility for coverage and
benefits under the Plan and the Committee’s good faith interpretation of the Plan shall be binding and conclusive on all persons. Any dispute as to eligibility, type, amount, or duration of benefits under the Plan or any amendment or
modification thereof shall be resolved by the Committee under and pursuant to the Plan, in its sole and absolute discretion, and its decision of the dispute shall be binding and final on all parties to the dispute. 

Any claims for payments under the Plan or any other matter relating to the Plan must be presented in writing to the Committee within 60 days
after the event that is the subject of the claim. The Committee will then provide a response within 60 days, which shall be final and binding. 

7.2 Delegation. The Committee may delegate any or all of its authority and responsibilities with respect to the Plan, including without
limitation the authority to determine Eligible Executives, 

  
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establish performance criteria for an, Eligible Executive, and the authority to determine an Eligible Executive’s Performance Modifier or Bonus Amount, on such terms and conditions as it
considers appropriate, to the members of the Company’s management as it may determine. All references to “Committee” herein shall include those persons to whom the Committee has properly delegated authority and responsibility pursuant
to this subsection. 
  

	8.	Governing Law 

 The validity, interpretation and effect of the Plan, and the rights of
all persons hereunder, shall be governed by and determined in accordance with the laws of the State of Delaware, other than the choice of law rules thereof. 

  
 4EX-10.7

 Exhibit 10.7 

Execution Copy 

EMPLOYMENT AGREEMENT 

Michael S. Dell 

EMPLOYMENT AGREEMENT (this “Agreement”), dated October 29, 2013 (the “Effective Date”), by and among
Dell Inc. (the “Company”), Denali Holding, Inc. (“Parent”) and Michael S. Dell (“Executive”) (together, the “Parties”). 

WHEREAS, in connection with the transactions contemplated by the Agreement and Plan of Merger by and among Parent, Denali Intermediate
Inc., Denali Acquiror Inc. and the Company, dated February 5, 2013 as amended by Amendment No. 1 on August 2, 2013 (the “Merger”), Parent and the Company desire to employ Executive pursuant to the terms, provisions and
conditions set forth in this Agreement; and 
 WHEREAS, Executive desires to accept such employment on the terms, provisions and
conditions hereinafter set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the promises and the mutual covenants
herein contained, the Parties hereby agree as follows: 
 1. Term. Executive shall be employed by Parent and the Company on the terms and subject to
the provisions and conditions set forth in this Agreement for a period commencing on the Effective Date and ending as provided in Section 6 of this Agreement (the “Term”). Upon Executive’s termination of employment with Parent
and the Company for any reason, Executive shall immediately resign all officer positions he then holds with Parent, the Company and any of their subsidiaries (together, the “Company Group”). 

2. Position and Duties. 
 a.
Position. Commencing on the Effective Date, Executive shall serve as the Chief Executive Officer of Parent and the Company and as Chairman of both Parent’s board of directors (the “Parent Board”) and the Company’s
board of directors (the “Company Board”). If requested by the Parent Board, Executive hereby also agrees to serve as an officer or director of any member of the Company Group, without additional compensation. 

b. Duties. Executive shall have the powers, authorities, and duties of management customarily vested in the offices of chief executive
officer and chairman of the board. Executive shall report solely to the Parent Board. Executive shall devote Executive’s full business time and attention to the performance of Executive’s duties hereunder and shall not engage in any other
business, profession or occupation for compensation or otherwise which would conflict or interfere with the rendition of such services, either directly or indirectly; provided, that nothing herein shall preclude Executive from (i) with the
prior written consent of the Parent Board, serving on the board of directors of other for-profit companies that do not compete with the Company Group, (ii) serving on civic or charitable boards or committees, delivering lectures, fulfilling speaking
engagements or teaching at educational institutions, or (iii) managing personal investments (including, without limitation, through MSD Capital, L.P.), so long as all such activities described in clauses (i) through (iii) above do not materially
interfere with the performance of Executive’s duties and responsibilities under this Agreement. 

 3. Cash Compensation. 

a. Base Salary. During the Term, Executive shall receive an initial annual base salary (the “Base Salary”) of nine
hundred fifty thousand dollars ($950,000), payable in regular installments in accordance with the Company’s usual payroll practices. The Base Salary shall be subject to annual review by the Parent Board, and subject to increase, but not
decrease. 
 b. Annual Bonus. With respect to each fiscal year of the Company ending during the Term, Executive shall be eligible to
earn an annual bonus pursuant to the annual bonus plan applicable to senior executive officers of the Company (the “Annual Bonus”), with a target bonus equal to two hundred percent (200%) of the Base Salary (the “Target
Bonus”). The Annual Bonus, if any, earned for a fiscal year shall be paid to Executive on the date selected by the Company in the fiscal year following the fiscal year to which the Annual Bonus relates, but in no event later than the date
that is two and one-half (2  1⁄2) months following the end of the fiscal year. 

4. Equity Compensation. As soon as practicable following the closing of the Merger, Parent shall grant Executive stock options with a 10-year term to
purchase 10,909,091 shares of the Series A common stock, par value $0.01 per share, of Parent (the “Options”) having an aggregate exercise price of $150 million and a per share exercise price equal to $13.75, which is the price per
share paid by Silver Lake Partners III, L.P., Silver Lake Partners IV, L.P. and/or their respective affiliates (collectively, the “SLP Stockholders”) to acquire shares of Series B common stock, par value $0.01 per share, of Parent
in the Merger. Subject to Executive’s continued employment with Parent and the Company or continued service as a director on the Company Board or the Parent Board on each applicable vesting date, the Options will vest at a rate of 20% per year
on each of the first five anniversaries of the closing of the Merger. Upon the latest of (X) a resignation of Executive’s employment by Executive, (Y) a termination of Executive’s employment by the Company for “Cause” (which, for
all purposes in this Agreement, shall be defined in the same manner as “Cause” is defined in the Sponsor Stockholders Agreement by and among Parent and the various equity investors therein, dated as of the date hereof (as amended from time
to time, the “Sponsor Stockholders Agreement”)), and (Z) Executive ceasing to serve as a member of the Company Board or the Parent Board, all unvested Options will be forfeited for no consideration. Vested Options shall remain
exercisable for (i) 90 days following the latest of (A) the date on which Executive resigns his employment, (B) the date Executive’s employment is terminated by the Company for Cause, and (C) the date on which Executive ceases to serve as a
member of both the Parent Board and the Company Board (but in no event later than the expiration of the 10-year term of the Options), or (ii) in all other cases, the remainder of the 10-year term of the Options. All Options shall be subject to the
customary terms of an equity incentive plan to be implemented following the closing of the Merger and the terms of the applicable award agreement; provided, that such terms shall include (w) a cashless “net exercise” feature, (x)
tax withholding being able to be satisfied by the withholding of shares otherwise deliverable upon exercise of the Options, (y) no limitations or restrictions on the Series A common stock of Parent purchased through exercise of the Options other
than as contained in the Sponsor Stockholders Agreement and (z) accelerated vesting upon a “Change in Control” (as defined below). 

  
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 For purposes of this Agreement, “Change in Control” shall mean the occurrence of
any of the following: (i) the sale, lease or transfer, in one or a series of related transactions, of all or substantially all of the consolidated assets of Parent and its subsidiaries, taken as a whole, to any person, entity or group, other than
Parent or its subsidiaries, (ii) the acquisition by any person, entity or group (other than (A) the SLP Stockholders, (B) Executive, (C) any “Permitted Transferee” of Executive (as such term is defined in the Sponsor Stockholders
Agreement), (D) any affiliates of any of the foregoing (A), (B) or (C) or (E) any “group” (within the meaning of Section 13(d) of the Securities Act of 1934, as amended) that includes any person or entity described in (A), (B), (C) or
(D)), of beneficial ownership of capital stock representing fifty percent (50%) or more of the total voting power of Parent other than pursuant to a merger or consolidation of Parent with or into any other entity that does not constitute a Change in
Control pursuant to clause (ii) or (iii) any merger or consolidation of Parent with or into any other entity unless the holders of Parent outstanding voting securities immediately prior to the closing of such transaction directly or indirectly
beneficially own equity representing a majority of the total voting power of the resulting or successor entity (or the parent entity thereof) in substantially the same proportions as their ownership immediately prior to such merger or consolidation.
For the avoidance of doubt, “Change in Control” shall not include any merger, consolidation or other business combination (x) for the purpose of changing the jurisdiction of formation of Parent or (y) to provide for a conversion of Parent
to any other capital structure for the purpose of a public offering of the securities of Parent or such successor entity resulting from such conversion of Parent that is registered pursuant to the Securities Act of 1933, as amended. 

5. Employee Benefits; Financial Counseling and Tax Preparation Assistance; Annual Physical; Security; Expense Reimbursement. 

a. Employee Benefits. During the Term, Executive shall be able to participate in employee benefit plans and perquisite and fringe
benefit programs on a basis no less favorable than such benefits and perquisites provided by the Company from time to time to the Company’s other senior executives, and no less favorable than those provided to Executive prior to the date of
this Agreement. Executive shall receive at least twenty (20) days of paid vacation annually in accordance with the Company’s vacation policy, as in effect from time to time. 

b. Financial Counseling and Tax Preparation Assistance. The Company shall reimburse Executive for up to $12,500 per year for fees
incurred with respect to financial counseling and tax preparation assistance. 
 c. Annual Physical. The Company shall reimburse
Executive for the costs (including travel and lodging costs) associated with a comprehensive annual physical for himself and his spouse, up to an annual maximum of $5,000 per person. 

d. Security. The Company shall provide Executive with business-related security protection at the same level as in effect prior to
the date of this Agreement. 
 e. Expense Reimbursement. Executive shall be entitled to receive prompt reimbursement for all travel
and business expenses reasonably incurred and accounted for by Executive (in accordance with the policies and procedures established from time to time by the Company and no less favorable than the policies and procedures in effect prior to the date
of this Agreement) in performing services hereunder. 

  
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 6. Termination of Employment. The Term and Executive’s employment hereunder may be terminated only
(i) by Executive at any time, for any reason or no reason, with or without notice and with or without good cause and (ii) by the Parent Board (A) for Cause at any time or (B) following the first to occur of a Change in Control or an “IPO”
(as that term is defined in the Sponsor Stockholders Agreement) at any time, for any reason or no reason, with or without notice and with or without Cause. 

7. Indemnification and D&O Insurance. Parent and the Company, and their successors and/or assigns, shall indemnify and defend Executive to the
fullest extent allowed by applicable law, including without limitation in respect of the advancement of legal fees and expenses, with respect to any claims that may be brought against Executive arising out of any action taken or not taken in
Executive’s capacity as an officer or director of any member of the Company Group. In addition, Executive shall be covered as an insured in respect of Executive’s activities as an officer or director of any member of the Company Group by
the Company’s Directors and Officers liability policy or other comparable policies obtained by any member of the Company Group or any of their successors, to the fullest extent provided by such policies. Such policies shall provide coverage for
Executive in amounts and under terms and conditions no less favorable than in effect prior to the date of this Agreement, and shall remain in effect after the termination of Executive’s services to the Company Group for the period of the
longest statute of limitations applicable to any claim which may be brought against Executive in respect of such activities. The indemnification obligations under this Section 7 shall remain in effect following Executive’s termination as an
employee, officer or director of any member of the Company Group. 
 8. Sensitive Information and Intellectual Property. It is expressly understood
and agreed that although Executive and the Company consider the restrictions contained in Section 8 to be reasonable (the “Covenants”) if a final judicial determination is made by a court of competent jurisdiction that the time or
territory or any other restriction contained in this Agreement is an unenforceable restriction against Executive, the provisions of this Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory
and to such maximum extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction
cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other restrictions contained herein. The Covenants supersede all prior agreements between Executive and the Company (or any predecessor)
on the same subjects. 
 a. Sensitive Information. During Executive’s employment with the Company Group, the Company Group
agrees to provide Executive with Sensitive Information (as defined below) and to associate Executive with the Company Group’s good will. Executive agrees not to use, publish, misappropriate, or disclose any Sensitive Information, during or
after Executive’s employment, except (i) as required in the performance of Executive’s duties for the Company Group, (ii) as expressly authorized in writing by the Company Group, (ii) as required by law or (iv) for information which
legally and legitimately is or becomes of general public knowledge from authorized sources other than Executive. 

  
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 For purposes of this Agreement, “Sensitive Information” means that subset of the
Company Group’s confidential and proprietary information, and trade secrets that is not generally disclosed to non-management employees of the Company Group. Sensitive Information includes, but is not limited to, the following: 

i. Technical information of the Company Group, its customers or other third parties that is in use, planned, or under development, such as but
not limited to: manufacturing and/or research processes or strategies (including design rules, device characteristics, process flow, manufacturing capabilities and yields); computer product, process and/or devices (including device specification,
system architectures, logic designs, circuit implementations); software product (including operating system adaptations or enhancements, language compilers, interpreters, translators, design and evaluation tools and application programs); and any
other databases, methods, know-how, formulae, compositions, technological data, technological prototypes, processes, discoveries, machines, inventions and similar items; 

ii. Business information of the Company Group, its customers or other third parties, such as but not limited to: actual and anticipated
relationships between the Company Group and other companies; financial information (including sales levels, pricing, profit levels and other unpublished financial data); global procurement processes, strategies or information; information relating
to customer or vendor relationships (including performance requirements, development and delivery schedules, device and/or product pricing and/or quantities, customer lists, customer preferences, financial information, credit information; and
similar items; 
 iii. Personnel information of the Company Group, such as but not limited to: information relating to employees of the
Company Group (including information related to staffing, performance, skills, qualifications, abilities and compensation); key talent information; scaling calls; organizational human resource planning information; and similar items; and 

iv. Information relating to future plans of the Company Group, its customers or other third parties, such as but not limited to: marketing
strategies; new product research; pending projects and proposals; proprietary production processes; research and development strategies; and similar items. 

b. Intellectual Property. 

i. If Executive creates, invents, designs, develops, contributes to or improves any works of authorship, inventions, intellectual property,
materials, documents or other work product (including without limitation, research, reports, software, databases, systems, applications, presentations, textual works, content, or audiovisual materials), either alone or with third parties, at any
time during Executive’s employment by the Company Group and within the scope of such employment and/or with the use of any the Company Group’s resources (“Company Works”), Executive shall promptly and fully disclose same
to the Company Group and hereby irrevocably assigns, transfers and conveys, to the maximum extent permitted by applicable law, all rights and intellectual property rights therein (including rights 

  
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under patent, industrial property, copyright, trademark, trade secret, unfair competition and related laws) to the Company Group to the extent ownership of any such rights does not vest
originally in the Company. 
 ii. Executive agrees to keep and maintain adequate and current written records (in the form of notes,
sketches, drawings, and any other form or media requested by the Company Group) of all Company Works. The records will be available to and remain the sole property and intellectual property of the Company Group at all times. 

iii. Executive shall take all requested actions and execute all requested documents (including any licenses or assignments required by a
government contract) at the Company Group’s expense (but without further remuneration) to assist the Company Group in validating, maintaining, protecting, enforcing, perfecting, recording, patenting or registering any of the Company
Group’s rights in the Company Works. If the Company is unable for any other reason to secure Executive’s signature on any document for this purpose, then Executive hereby irrevocably designates and appoints the Company and its duly
authorized officers and agents as Executive’s agent and attorney in fact, to act for and in Executive’s behalf and stead to execute any documents and to do all other lawfully permitted acts in connection with the foregoing. 

iv. Executive shall not improperly use for the benefit of, bring to any premises of, divulge, disclose, communicate, reveal, transfer or
provide access to, or share with the Company Group any confidential, proprietary or non-public information or intellectual property relating to a former employer or other third party without the prior written permission of such third party.
Executive hereby indemnifies, holds harmless and agrees to defend the Company Group and its officers, directors, partners, employees, agents and representatives from any breach of the foregoing covenant. Executive shall comply with all relevant
policies and guidelines of the Company, including regarding the protection of confidential information and intellectual property and potential conflicts of interest. Executive acknowledges that the Company may amend any such policies and guidelines
from time to time, and that Executive remains at all times bound by their most current version. 
 9. Specific Performance. Executive acknowledges
and agrees that the Company’s remedies at law for a breach or threatened breach of any of the Covenants would be inadequate and the Company Group would suffer irreparable damages as a result of such breach or threatened breach. In recognition
of this fact, Executive agrees that, in the event of a breach or threatened breach of any of the Covenants, in addition to any remedies at law, the Company Group, without posting any bond, may seek equitable relief in the form of specific
performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be available. 
 10. Section
409A of the Code. The Agreement is intended to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, or an exemption or exclusion therefrom and shall in all respects be administered in accordance with
Section 409A of the Code. The Company and Executive mutually intend to structure the payments and benefits described in this Agreement, and Executive’s other compensation, to be exempt from or to comply with the requirements of Section 409A of
the Code to the extent applicable. Each payment under this Agreement shall be treated as a separate payment for 

  
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purposes of Section 409A of the Code. In no event, other than making a permissible deferral election under Section 409A of the Code in accordance with the terms of a Company nonqualified
deferred compensation plan, may Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement. All reimbursements and in-kind benefits provided under this Agreement that constitute deferred
compensation within the meaning of Section 409A of the Code shall be made or provided in accordance with the requirements of Section 409A of the Code, including, without limitation, that (i) in no event shall reimbursements by the Company under this
Agreement be made later than the end of the calendar year next following the calendar year in which the applicable fees and expenses were incurred, provided, that Executive shall have submitted an invoice for such fees and expenses at least
10 days before the end of the calendar year next following the calendar year in which such fees and expenses were incurred; (ii) the amount of in-kind benefits and the Company is obligated to pay or provide in any given calendar year shall not
affect the in-kind benefits that the amount the Company is obligated to pay or provide in any other calendar year; (iii) Executive’s right to have the Company pay or provide such reimbursements and in-kind benefits may not be liquidated or
exchanged for any other benefit; and (iv) in no event shall the Company’s obligations to make such reimbursements or to provide such in-kind benefits apply later than Executive’s remaining lifetime (or if longer, through the 20th
anniversary of the Effective Date). Within the time period permitted by the applicable Treasury Regulations, the Company may, in consultation with Executive, modify this Agreement, in the least restrictive manner necessary and without any diminution
in the value of the payments to Executive, in order to cause the provisions of the Agreement to comply with the requirements of Section 409A of the Code, so as to avoid the imposition of taxes and penalties on Executive pursuant to Section 409A of
the Code. The Parties acknowledge that, following the Merger and prior to an IPO, Executive will not be a “specified employee” for purposes of Section 409A of the Code. 

11. Section 280G of the Code. So long as no stock of the Company or Parent is readily tradable on an established securities market as described in
Section 280G(b)(5)(A)(ii)(I) of the Code, in the event that any payment that is either received by Executive or paid by the Company or Parent on Executive’s behalf or any property, or any other benefit provided to Executive under the Agreement
or under any other plan, arrangement or agreement with the Company, Parent or any other person whose payments or benefits are treated as contingent on a change of ownership or control of the Company or Parent (or in the ownership of a substantial
portion of the assets of the Company or Parent) or any person affiliated with the Company, Parent or such person (but only if such payment or other benefit is in connection with Executive’s employment by the Company or Parent) (collectively the
“Payments”), would be subject to the tax imposed by Section 4999 of the Code (and any similar tax that may hereafter be imposed by any taxing authority) (the “Excise Tax”), the Company and Parent shall, with respect
to such Payments and with the cooperation of Executive, use their reasonable best efforts to obtain a vote satisfying the requirements of Section 280G(b)(5) of the Code, such that no portion of the Payments will be subject to such Excise Tax.

 12. Miscellaneous. 
 a.
Waiver. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in a writing signed by Executive and an officer of Parent and the Company (other than Executive) duly
authorized by the Parent Board 

  
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and the Company Board, as applicable, to execute such amendment, waiver or discharge. No waiver by any Party of any breach of any other Party of, or compliance with, any condition or
provision of this Agreement shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

b. Successors and Assigns. 

i. This Agreement is personal to Executive and without the prior written consent of Parent and the Company shall not be assignable by
Executive otherwise than by will, by any valid testamentary substitute (including a revocable trust that becomes irrevocable upon the death of Executive), or the laws of descent and distribution. This Agreement shall inure to the benefit of and be
enforceable by Executive’s legal representatives. 
 ii. This Agreement shall inure to the benefit of and be binding upon Parent, the
Company and their respective successors and, other than as set forth in Section 10(d)(iii), shall not be assignable by Parent or the Company without the prior written consent of Executive. 

iii. The Agreement shall be assignable by Parent and the Company to any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the Company; provided, that Parent and the Company shall require such successor(s) to expressly assume and agree to perform this Agreement in the same
manner and to the same extent that Parent and the Company would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its
business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise and “Parent” shall mean Parent as hereinbefore defined and any successor to its business and/or assets as aforesaid
which assumes and agrees to perform this Agreement by operation of law or otherwise. 
 c. Notice. For the purpose of this Agreement,
notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given if delivered personally, if delivered by overnight courier service, or if mailed by registered mail, return receipt
requested, postage prepaid, addressed to the respective addresses or sent via facsimile to the respective facsimile numbers, as the case may be, as set forth below, or to such other address as either party may have furnished to the other in writing
in accordance herewith, except that notice of change of address shall be effective only upon receipt; provided, however, that (i) notices sent by personal delivery or overnight courier shall be deemed given when delivered; (ii) notices
sent by facsimile transmission shall be deemed given upon the sender’s receipt of confirmation of complete transmission; and (iii) notices sent by registered mail shall be deemed given two (2) days after the date of deposit in the mail. 

If to Executive, to such address as shall most currently appear on the records of the Company, 

with a copy, which shall not constitute notice, to: 

Wachtell, Lipton, Rosen & Katz LLP 

51 West 52nd Street 

New York, NY 10019 
 Telephone:
(212) 403-1000 
 Facsimile: (212) 403-2000 

Attention: Michael Segal and Steven Rosenblum 

  
 8 

 If to Parent or the Company, to: 

Dell Inc. 
 One Dell Way 

Round Rock, TX 78682 
 Telephone:
(512) 338-4000 
 Facsimile: (512) 283-1469 

Attention: Vice President and Assistant Secretary 

With a copy, which shall not constitute notice, to: 

Silver Lake Partners 
 9 W. 57th Street, 32nd Floor 
 New York, NY
10019 
 Telephone: (212) 981-5600 

Facsimile: (212) 981-3535 

Attention: Andrew Schader 
 and

 Simpson, Thacher & Bartlett LLP 

2475 Hanover Street 
 Palo Alto,
CA 94304 
 Telephone: (650) 251-5000 

Facsimile No.: (650) 251-5002 

Attention: Rich Capelouto and Tristan Brown 

d. GOVERNING LAW; CONSENT TO JURISDICTION; JURY TRIAL WAIVER. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF TEXAS, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER OF THE STATE OF TEXAS OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF TEXAS TO BE
APPLIED. IN FURTHERANCE OF THE FOREGOING, THE INTERNAL LAW OF THE STATE OF TEXAS WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER SUCH JURISDICTION’S CHOICE OF LAW OR CONFLICT OF LAW ANALYSIS, THE SUBSTANTIVE
LAW OF SOME OTHER JURISDICTION WOULD ORDINARILY APPLY. ANY ACTION TO ENFORCE THIS AGREEMENT MUST BE BROUGHT IN, AND THE PARTIES HEREBY CONSENT TO THE JURISDICTION OF, A COURT SITUATED IN TRAVIS COUNTY, TEXAS. EACH PARTY HEREBY WAIVES THE RIGHTS TO
CLAIM THAT ANY SUCH COURT IS AN 

  
 9 

 
INCONVENIENT FORUM FOR THE RESOLUTION OF ANY SUCH ACTION. EACH PARTY TO THIS AGREEMENT WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING, CLAIM OR COUNTERCLAIM. 

e. Severability of Invalid or Unenforceable Provisions. The invalidity or unenforceability of any provision or provisions of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 

f. Advice of Counsel and Construction. Each Party acknowledges that such Party had the opportunity to be represented by counsel in the
negotiation and execution of this Agreement. Accordingly, the rule of construction of contract language against the drafting party is hereby waived by each Party. 

g. Entire Agreement. This Agreement constitutes the entire agreement between the parties as of the Effective Date and supersedes all
previous agreements and understandings between the parties with respect to the subject matter hereof. 
 h. Withholding Taxes. The
Company shall be entitled to withhold from any payment due to Executive hereunder any amounts required to be withheld by applicable tax laws or regulations. 

i. Section Headings. The headings of the Sections hereof are provided for convenience only and are not to serve as a basis for
interpretation or construction, and shall not constitute a part, of this Agreement. 
 j. Cooperation. During the Term and, subject
to Executive’s other personal and professional obligations, for two years thereafter, Executive agrees to cooperate, (i) with the Company in the defense of any legal matter involving any matter that arose during Executive’s employment with
the Company or any other member of the Company Group; and (ii) with all government authorities on matters pertaining to any investigation, litigation or administrative proceeding pertaining to the Company or any other member of the Company Group
involving any matter that arose during Executive’s employment with the Company or any other member of the Company Group. The Company will reimburse Executive for any reasonable travel and out-of-pocket costs and expenses incurred by Executive
in providing such cooperation. 
 k. Survival. Sections 7, 8, 9 and 10 shall survive and continue in full force in accordance with
their terms notwithstanding any termination of the Term or of Executive’s employment with the Company or any other member of the Company Group. 

l. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of
which together will constitute one and the same instrument. 
 [Signature page follows.] 

  
 10 

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

					
	DENALI HOLDING INC.
		
	By:	 	 /s/ Egon Durban

		 	Name:	 	Egon Durban
		 	Title:	 	President
	
	DELL INC.
		
	By:	 	 /s/ Lawrence Tu

		 	Name:	 	Lawrence Tu
		 	Title:	 	Senior Vice President, General Counsel, and Secretary
	
	EXECUTIVE
	
	 /s/ Michael S. Dell

	Michael S. Dell

 [Signature Page to Michael S. Dell Employment Agreement]

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