Document:

EX-10.18

 Exhibit 10.18 

AMENDED AND RESTATED DELL DEFERRED TIME AWARD AGREEMENT 

THIS AMENDED AND RESTATED DELL DEFERRED TIME AWARD AGREEMENT (the “Agreement”), made by and between Dell Technologies Inc., a
Delaware corporation (the “Company”), and                      (the “Holder”), is effective as of the Merger
Closing. This Agreement was originally effective as to each Class V DDTA and Class C DDTA (each as defined below) set forth on Exhibit A on the corresponding “Grant Date” set forth adjacent to such deferred stock unit (as
to each such deferred stock unit, the “Grant Date”). Any capitalized terms used but not otherwise defined herein shall have the meaning set forth in the Dell Technologies Inc. 2013 Stock Incentive Plan, as modified or amended from
time to time (the “Plan”). 
 WHEREAS, the Holder was previously granted one or more awards of deferred stock units
providing the Holder the opportunity to earn a number of shares of Class V Common Stock (“Class V Shares”), subject to time-based vesting requirements (the “Class V DDTAs”)
and the opportunity to earn a number of shares of Class C Common Stock (“Shares”), subject to time-based vesting requirements (the “Class C DDTAs”), all as subject to the terms and conditions
described in the applicable deferred stock unit agreements (the “Prior Agreements”), each of which is being amended and restated under and by virtue of this Agreement; 

WHEREAS, pursuant to an Agreement and Plan of Merger, dated as of July 1, 2018 (as further amended, restated, supplemented or modified
from time to time, the “Merger Agreement”), by and between the Company and Teton Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), Merger Sub will be merged with and
into the Company (the “Merger”), with the Company as the surviving corporation; 
 WHEREAS, pursuant to the Merger
Agreement, the Class V DDTAs will be converted immediately prior to the Effective Time (as defined in the Merger Agreement) into Class C DDTAs equal to the number of Class V Shares subject to the Class V DDTA immediately prior to
the Effective Time multiplied by the Exchange Ratio (as defined in the Merger Agreement), rounded down to the nearest whole share, as set forth on Exhibit A, subject to the consummation of the Merger; and 

WHEREAS, the Company wishes to carry out the Plan, the terms of which are hereby incorporated by reference and made a part of this Agreement,
pursuant to which the Committee has instructed the undersigned officer to issue the Stock Award described below. 
 NOW, THEREFORE, all
Class V DDTAs and Class C DDTAs set forth on Exhibit A granted pursuant to Prior Agreements, shall, pursuant to the Merger Agreement, hereafter convert into or remain as Class C DDTAs, and be subject to the terms and conditions
set forth in this Agreement and the Plan, which supersede the terms and conditions of the Prior Agreements; and 
 THEREFORE, in
consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows: 

  
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 ARTICLE I 

DEFINITIONS 

Section 1.1. Defined Terms. Capitalized terms not otherwise defined herein shall have the same meaning set forth in the Plan. 

(a)    “Award” means the award of DDTAs granted under this Agreement. 

(b)    “Cause” means: (i) the Holder’s material violation of (x) the Holder’s
obligations regarding confidentiality or the protection of sensitive, confidential or proprietary information, or trade secrets, or (y) any other restrictive covenant by which the Holder is bound that in each case results in greater than de
minimis harm to the Company and its Subsidiaries’ reputation or business; (ii) the Holder’s conviction of, or plea of guilty or no contest to, a felony or crime that involves moral turpitude; or (iii) conduct by the Holder
which constitutes gross neglect, insubordination, willful misconduct, or a material breach of a fiduciary duty to the Company, any of its Subsidiaries or the shareholders of the Company that results in material harm to the Company and its
Subsidiaries’ reputation or business and that the Holder has failed to cure within thirty (30) days following written notice from the Board. This definition shall also be the definition of “Cause” for all purposes under the
Management Stockholders Agreement. 
 (c)    “Dell Deferred Time Award” or “DDTA”
means an Other Stock-Based Award granted in the form of a “deferred stock unit” subject to the time-based vesting requirements described in Section 3.1 herein. 

(d)    “Management Stockholder” has the meaning given to such term in the Management Stockholders
Agreement. 
 (e)    “Merger Closing” means the Closing Date as defined in the Merger Agreement. 

(f)    “Settlement Date” means the earlier of (i) the date on which the Holder experiences a
“separation from service” (within the meaning of Section 409A of the Code and the regulations promulgated thereunder) from the Company and (ii) a Change in Control that constitutes a “change in control event” (within
the meaning of Section 409A of the Code and the regulations promulgated thereunder). 
 ARTICLE II 

GRANT OF DELL DEFERRED TIME AWARDS 

Section 2.1. Grant and Conversion of Dell Deferred Time Award. 

For good and valuable consideration, on and as of the Grant Dates set forth in Exhibit A, the Company irrevocably granted to the Holder
Class C DDTAs and Class V DDTAs, subject to the adjustment as set forth in Section 2.2 hereof. The DDTAs shall be credited to a separate account maintained for the Holder on the books of the Company (the
“Account”). On any given date, the value of a DDTA credited to the Account shall equal the Fair Market Value of one Share. The DDTAs shall vest and settle in accordance with Section 3.1 and
Section 4.1, respectively, hereof. Each DDTA represents the right to receive a Share upon the Settlement Date following the vesting of such DDTA. 

  
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 Pursuant to the Merger Agreement, subject to the Merger Closing, each Class V DDTA
outstanding immediately prior to the Effective Time (whether or not then vested) will, by virtue of the Merger Closing and without any action on the part of the Holder, be converted immediately prior to the Effective Time into an award of
Class C DDTAs, on the same terms and conditions (including applicable vesting requirements and deferral provisions) applicable to each such Class V DDTA immediately prior to the Effective Time, with respect to the number of Shares that is
equal to the number of Class V Shares that were subject to the Class V DDTA immediately prior to the Effective Time multiplied by the Exchange Ratio (rounded down to the nearest whole share); all as subject to the adjustment as set forth
in Section 2.2 hereof. This Agreement amends and restates the Prior Agreements. 
 Section 2.2. Adjustments to Dell
Deferred Time Award. 
 The DDTAs shall be subject to adjustment pursuant to Section 10 of the Plan. 

ARTICLE III 
 VESTING 

Section 3.1. Vesting. 

(a)    General. Subject to the Holder’s continued Employment on such date, the DDTAs shall vest on each
applicable vesting date, and with respect to the DDTAs corresponding thereto, as set forth on Exhibit A. Notwithstanding the foregoing, subject to the Holder’s continued Employment on such date, 100% of the DDTAs shall vest on a Change
in Control. 
 (b)    Accelerated Vesting on Termination without Cause or Due to Death or Disability. If the
Holder’s Employment is terminated by the Company without Cause or due to the Holder’s death or Disability, all DDTAs shall vest upon the date of such termination. 

(c)    Termination of Employment. Except as set forth in Section 3.1(b) above, no
additional DDTAs shall vest upon or following the termination of the Holder’s Employment. Each DDTA that is unvested as of the date of the Holder’s termination of Employment shall immediately expire on the date of such termination without
consideration or payment therefor. 
 ARTICLE IV 

SETTLEMENT OF DELL DEFERRED TIME AWARDS 

Section 4.1. Settlement. 

Settlement of DDTAs credited to the Account shall be made after, but in all events within four (4) business days following, the
Settlement Date, and, upon such settlement, such DDTAs shall cease to be credited to the Account. Settlement of each DDTA shall be in a Class C Share; provided, that, in lieu of issuing any fractional Share, the Company shall make a cash
payment to the Holder equal to the Fair Market Value of such fractional Share. 

  
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 Section 4.2. Consideration for the Dell Deferred Time Award. 

No cash payment is required for the DDTAs or the Shares issuable in settlement thereof, although the Holder may be required to tender payment
in cash or other acceptable form of consideration for the amount of any withholding taxes due as a result of delivery of the Shares in accordance with Section 5.7 below. 

Section 4.3. Conditions to Issuance of Shares. 

The Company shall not be required to record the ownership by the Holder of the Share issued upon the settlement of a DDTA prior to fulfillment
of all of the following conditions: 
 (a)    the obtaining of approval or other clearance from any federal, state,
local or non-U.S. governmental agency or stock exchange or over-the-counter market listing requirements which the Committee
shall, in its reasonable and good faith discretion, determine to be necessary or advisable; and 
 (b)    the execution
and delivery of the Joinder by the Holder to the extent the Holder is not already a party to the Management Stockholders Agreement. 

Section 4.4. Unsecured Obligation; Rights as Stockholder. 

The Award is unfunded, and as a holder of DDTAs, the Holder will be considered an unsecured creditor of the Company with respect to the
Company’s obligation, if any, to issue Shares pursuant to this Agreement. The Holder shall have all rights and privileges of a stockholder of the Company in respect of Shares issued in settlement of the DDTAs on and after the Settlement Date
(including, without limitation, voting rights or the right to receive dividends). 
 ARTICLE V 

MISCELLANEOUS 

Section 5.1. Administration. 

Subject to the terms of the Plan and this Agreement, the Committee shall have the power to interpret the Plan and this Agreement and to adopt
such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules. No member of the Committee shall be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or this Award. In its absolute discretion, the Board may at any time, and from time to time, exercise any and all rights and duties of the Committee under the Plan and this Agreement. 

Section 5.2. Award Not Transferable. 

Except as otherwise permitted by the Committee in writing, neither the Award nor any interest or right therein or part thereof shall be
subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or

  
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any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that, to the
extent permitted by Applicable Law, this Section 5.2 shall not prevent transfers by will or by the Applicable Laws of descent and distribution. 

Section 5.3. Applicability of the Plan and the Management Stockholders Agreement; Modifications to Management Stockholders Agreement. 

This Award, and the Shares issued to the Holder upon settlement of DDTAs, shall be subject to all of the terms and provisions of the Plan and
the Management Stockholders Agreement, to the extent applicable to this Award and such Shares. Any disputes regarding the determination of matters contemplated in the Management Stockholders Agreement shall be determined in accordance with
Section 7.3 (Governing Law) and Section 7.4 (Submissions to Jurisdictions; WAIVER OF JURY TRIAL) of the Management Stockholders Agreement. In the event of any conflict between this Agreement and the Plan, the terms of the Plan shall
control. In the event of any conflict between this Agreement or the Plan and the Management Stockholders Agreement, the terms of the Management Stockholders Agreement shall control; provided, however, for purposes of Article IV of the
Management Stockholders Agreement, the “Individual Cap” that will be applicable to the Holder shall be $5,000,000; provided, that on and after the date on which Michael Dell and any member of his Management Stockholder Group have
become a 90% Owner (as defined in the Management Stockholder Agreement), the Holder’s Individual Cap shall be increased to $10,000,000. 

Section 5.4. Notices. 
 Any
notice to be given under the terms of this Agreement shall be contained in a written instrument delivered in person or sent by facsimile (with written confirmation of transmission), e-mail (with written
confirmation of transmission) or a nationally-recognized overnight courier, which shall be addressed, in the case of the Company, to the Office of the Secretary; and if to the Holder, to the address, e-mail
address or facsimile number appearing in the personnel records of the Company or any of its Affiliates, as applicable. By a notice given pursuant to this Section 5.4, either party may hereafter designate a different address
for notices to be given to that party. Any notice which is required to be given to the Holder, shall, if the Holder is then deceased, be given to the Holder’s personal representative if such representative has previously informed the Company of
the representative’s status and address by written notice under this Section 5.4. Any and all notices, designations, offers, acceptances or other communications shall be conclusively deemed to have been given,
delivered or received (i) in the case of personal delivery, on the day of actual delivery thereof, (ii) in the case of facsimile or e-mail, on the day of transmittal thereof if given during the
normal business hours of the recipient, and on the business day during which such normal business hours next occur if not given during such hours on any day, and (iii) in the case of dispatch by nationally-recognized overnight courier, on the
next business day following the disposition with such nationally-recognized overnight courier. By notice complying with the foregoing provisions of this Section 5.4, each party shall have the right to change its mailing
address, e-mail address or facsimile number for the notices and communications to such party. The Company and the Holder hereby consent to the delivery of any and all notices, designations, offers, acceptances
or other communications provided for herein by electronic transmission addressed to the e-mail address or facsimile number of the Company and the Holder, as applicable, as provided herein. 

  
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 Section 5.5. Titles; Interpretation. 

Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. Defined
terms used in this Agreement shall apply equally to both the singular and plural forms thereof. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The term “hereunder” shall mean this entire Agreement as a whole unless reference to a specific section or
provision of this Agreement is made. Any reference to a Section, subsection and provision is to this Agreement unless otherwise specified. 

Section 5.6. No Right to Employment or Additional Dell Deferred Time Awards or Stock Awards. 

Nothing in this Agreement or in the Plan shall confer upon the Holder any right to continue in Employment, or shall interfere with or restrict
in any way the rights of the Company and its Affiliates, which are hereby expressly reserved, to terminate the Employment of the Holder at any time for any reason whatsoever, with or without Cause, subject to the applicable provisions, if any, of
the Holder’s Employment agreement (if any such agreement is in effect at the time of such termination). Neither the Holder nor any other Person shall have any claim to be granted any additional Stock Awards and there is no obligation under the
Plan for uniformity of treatment of Participants, or holders or beneficiaries of Stock Awards. The terms and conditions of the Award granted hereunder or any other Stock Award granted under the Plan or otherwise and the Committee’s
determinations and interpretations with respect thereto and/or with respect to the Holder and any other Participant need not be the same (whether or not the Holder and any such Participant are similarly situated). 

Section 5.7. Withholding Obligations 

(a)    On the Grant Date, or at any time thereafter as requested by the Company, the Holder hereby authorizes the Company
or the Subsidiary employing the Holder to satisfy its withholding obligations, if any, from payroll and any other amounts payable to the Holder, and otherwise agree to make adequate provision for any sums required to satisfy the federal, state,
local and foreign tax withholding obligations of the Company or such employing Subsidiary, if any, which arise in connection with the grant of or vesting of the Award or the delivery of Shares under the Award; provided, that, at the
Holder’s election, such withholding obligation may be satisfied by the Company withholding from the Shares otherwise issuable to the Holder that number of Shares having an aggregate Fair Market Value, determined as of the date the withholding
tax obligation arises, equal to such withholding tax obligation (but in no event more than the minimum required tax withholding); provided, further, that, the Holder’s right to elect such Share withholding shall be subject to
Section 4.3(b) of the Management Stockholders Agreement as amended by Section 5.3 of this Agreement, and any limitations imposed under Delaware law or other Applicable Law and/or under the terms of any preferred stock,
debt financing arrangements or other indebtedness of the Company or its Subsidiaries (including any 

  
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such limitations resulting from the Company’s Subsidiaries being prohibited or prevented from distributing to the Company sufficient proceeds or funds to enable the Company to repurchase
Common Stock in accordance with Delaware law or other Applicable Law and/or the then applicable terms and conditions of such arrangements). 

(b)    Unless the tax withholding obligations of the Company, if any, are satisfied, the Company shall have no obligation
to issue a certificate for such Shares or release such Shares. 
 Section 5.8. Securities Laws. 

The Holder represents, warrants and covenants that: 

(a)    The Holder is acquiring the Shares for his or her own account and not with a view to, or for sale in connection
with, any distribution of the Shares in violation of the Securities Act or in violation of any applicable state securities law; 

(b)    The Holder has had such opportunity as he or she has deemed adequate to obtain from representatives of the Company
such information as is necessary to permit the Holder to evaluate the merits and risks of his or her investment in the Company; 

(c)    The Holder has sufficient experience in business, financial and investment matters to be able to evaluate the risks
involved in acquiring the Shares and to make an informed investment decision with respect to such investment; 

(d)    The Holder can afford the complete loss of the value of the Shares and is able to bear the economic risk of holding
such Shares for an indefinite period; 
 (e)    The Holder understands that (i) the Shares have not been registered
under the Securities Act and are “restricted securities” within the meaning of Rule 144 under the Securities Act; (ii) the Shares cannot be sold, transferred or otherwise disposed of unless they are subsequently registered under the
Securities Act or an exemption from registration is then available; and (iii) there is now no registration statement on file with the Securities and Exchange Commission with respect to the Shares and there is no commitment on the part of the
Company to make any such filing; and 
 (f)    Upon the issuance of any Shares hereunder, the Holder will make or enter
into such other written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws or with this Agreement. 

Section 5.9. Nature of Grant. 

In accepting the grant, the Holder acknowledges that, regardless of any action the Company or its Affiliates takes with respect to any or all
income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), the Holder acknowledges that the
ultimate liability for all Tax-Related Items legally due by the Holder is and remains the Holder’s responsibility, and the Holder shall pay to, and indemnify and keep indemnified, the Company and its
Affiliates from and against Tax-Related Items legally due by the Holder that are attributable to the vesting, settlement or delivery of, or any benefit derived by

  
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the Holder from, the Award and that the Company and its Affiliates (i) make no representations or undertakings regarding the treatment of any
Tax-Related Items in connection with any aspect of this Agreement, including the grant, vesting or settlement of this Award, the subsequent sale of Shares acquired pursuant to such settlement or the receipt of
any dividends with respect to such Shares; and (ii) do not commit to structure the terms of the grant or any aspect of the Award to reduce or eliminate the Holder’s liability for Tax-Related Items.

 Section 5.10. Compliance with Section 409A of the Code. 

This Agreement is intended to comply with the requirements of Section 409A of the Code to avoid taxation under Section 409A(a)(1) of
the Code and shall at all times be interpreted, operated and administered in a manner consistent with this intent. Notwithstanding the forgoing or any other term or provision of this Agreement or the Plan, neither the Company nor any Affiliate nor
any of its or their officers, directors, employees, agents or other service providers shall have any liability to any person for any taxes, penalties or interest due on any amounts paid or payable hereunder, including any taxes, penalties or
interest imposed under Section 409A of the Code. 
 Section 5.11. Governing Law. 

This Agreement shall be governed in all respects by the laws of the State of Delaware, without regard to conflicts of law principles thereof.

 [Signature on next page.] 

  
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 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto.

  

			
	DELL TECHNOLOGIES INC.

 
			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Exhibit A 

Class V DDTAs Converted 
  

							
	 Grant Date
	 	 Number of

Class V DDTAs Granted
	 	 Number of Class C DDTAs

after Conversion (Class V

DDTAs x Exchange Ratio)

rounded down to nearest

whole share
	 	 Vesting

		 		 		 	
		 		 		 	
		 		 		 	
		 		 		 	

 Class C DDTAs Restated 
  

					
	 Grant Date
	 	 Number of

Class C DDTAs Granted
	 	 VestingEX-10.19

 Exhibit 10.19 

AMENDED AND RESTATED STOCK OPTION AGREEMENT 

Non-Employee Director Option – Annual Grant 

THIS AMENDED AND RESTATED STOCK OPTION AGREEMENT (the “Agreement”), made by and between Dell Technologies Inc., a Delaware
corporation (the “Company”), and                      (the “Optionee”), is effective as of the Merger
Closing. This Agreement was originally effective as to each Class V Option and Class C Option (each as defined below) set forth on Exhibit A on the corresponding “Grant Date” set forth adjacent to such option (as to each
such option, the “Grant Date”). Any capitalized terms used but not otherwise defined herein shall have the meaning set forth in the Dell Technologies Inc. 2013 Stock Incentive Plan, as modified or amended from time to time (the
“Plan”). 
 WHEREAS, the Optionee was previously granted one or more awards of options (the
“Class V Options”) representing the right to purchase shares of Class V Common Stock (“Class V Shares”) and one or more awards of options
(“Class C Options”) representing the right to purchase shares of Class C Common Stock (“Shares”), all as subject to the terms and conditions described in the applicable option agreements (the
“Prior Option Agreements”), each of which is being amended and restated under and by virtue of this Agreement; 
 WHEREAS,
pursuant to an Agreement and Plan of Merger, dated as of July 1, 2018 (as further amended, restated, supplemented or modified from time to time, the “Merger Agreement”), by and between the Company and Teton Merger Sub Inc., a
Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), Merger Sub will be merged with and into the Company (the “Merger”), with the Company as the surviving corporation; 

WHEREAS, pursuant to the Merger Agreement, the Class V Options will be converted immediately prior to the Effective Time (as defined in
the Merger Agreement) into Class C Options equal to the number of Class V Shares subject to the Class V Option immediately prior to the Effective Time multiplied by the Exchange Ratio (as defined in the Merger Agreement), rounded down
to the nearest whole share, with an exercise price per Share equal to the exercise price for such Class V Option immediately prior to the Effective Time divided by the Exchange Ratio, rounded up to the nearest whole penny, all as set forth on
Exhibit A, subject to the consummation of the Merger (such converted Class V Options and all outstanding Class C Options set forth on Exhibit A, the “Option”); and 

WHEREAS, the Company wishes to carry out the Plan, the terms of which are hereby incorporated by reference and made a part of this Agreement,
pursuant to which the Committee has instructed the undersigned officer to issue the Stock Award described below. 
 NOW, THEREFORE, all
Class V Options and Class C Options set forth on Exhibit A granted pursuant to Prior Option Agreements, shall, pursuant to the Merger Agreement, hereafter convert into or remain as Class C Options and be subject to the terms
and conditions set forth in this Agreement and the Plan, which supersede the terms and conditions of the Prior Option Agreements; and 

THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto do hereby agree as follows: 

  
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 ARTICLE I 

DEFINITIONS 

Section 1.1. Defined Terms. Capitalized terms not otherwise defined herein shall have the same meaning set forth in the Plan. 

(a)    “Cause” means: (i) the Optionee’s material violation of (x) the Optionee’s
obligations regarding confidentiality or the protection of sensitive, confidential or proprietary information, or trade secrets, or (y) any other restrictive covenant by which the Optionee is bound, that in each case results in greater than
de minimis harm to the Company and its Subsidiaries’ reputation or business; (ii) the Optionee’s conviction of, or plea of guilty or no contest to, a felony or crime that involves moral turpitude; or (iii) conduct by the
Optionee which constitutes gross neglect, insubordination, willful misconduct, or a material breach of a fiduciary duty to the Company, any of its Subsidiaries or the shareholders of the Company that results in material harm to the Company and its
Subsidiaries’ reputation or business and that the Optionee has failed to cure within thirty (30) days following written notice from the Board. This definition shall also be the definition of “Cause” for all purposes under the
Management Stockholders Agreement. 
 (b)    “Lock-up Lapse
Date” has the meaning given to such term in the Management Stockholders Agreement. 

(c)    “Management Stockholder” has the meaning given to such term in the Management Stockholders
Agreement. 
 (d)    “Merger Closing” means the Closing Date as defined in the Merger Agreement. 

ARTICLE II 
 GRANT OF OPTIONS

 Section 2.1. Grant and Conversion of Option. For good and valuable consideration, on and as of the Grant Dates set forth on
Exhibit A, the Company irrevocably granted to the Optionee options to purchase any part or all of an aggregate number of Shares or Class V Shares as set forth on Exhibit A. 

Pursuant to the Merger Agreement, subject to the Merger Closing, each Class V Option outstanding and unexercised immediately prior to the
Effective Time (whether or not then vested or exercisable) will, by virtue of the Merger Closing and without any action on the part of the Optionee, be converted immediately prior to the Effective Time into an option, on the same terms and
conditions applicable to each such Class V Option immediately prior to the Effective Time, to purchase the number of Shares, rounded down to the nearest whole share, that is equal to the product of (i) the number of Class V Shares
subject to such Class V Option immediately prior to the Effective Time, multiplied by (ii) the Exchange Ratio; all as subject to the adjustment as set forth in Section 2.3 hereof. This Agreement amends and
restates the Prior Option Agreements. 

  
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 Section 2.2. Exercise Price. 

Subject to Section 2.3 hereof, the per share exercise price of the Shares covered by the Options shall be as set
forth on Exhibit A (as to each such Option, the “Option Price”). For the Class V Options converted to Class C Options, the Option Price shall be equal to the exercise price for each such Class V Share subject
to such Class V Option immediately prior to the Effective Time divided by the Exchange Ratio, rounded up to the nearest whole penny. 

Section 2.3. Adjustments to Option. 

The Option shall be subject to adjustment pursuant to Section 10 of the Plan. 

ARTICLE III 
 PERIOD OF
EXERCISABILITY 
 Section 3.1. Vesting and Commencement of Exercisability. 

(a)    General. Subject to the Optionee’s continued Employment on such date, the Option shall vest and become
exercisable on each applicable vesting date, and with respect to the Options corresponding thereto, as set forth on Exhibit A. Notwithstanding the foregoing, subject to the Optionee’s continued Employment on such date, 100% of the Shares
subject to the Options shall vest and become exercisable on a Change in Control. 
 (b)    Accelerated Vesting on
Termination without Cause or Due to Death or Disability. If the Optionee’s Employment is terminated by the Company without Cause or due to the Optionee’s death or Disability, the Option shall vest and become immediately exercisable
with respect to all of the Shares subject thereto upon the date of such termination. 
 (c)    Termination of
Employment. Except as set forth in Section 3.1(b) above, no portion of the Option shall vest and become exercisable as to any additional Shares upon or following the termination of the Optionee’s Employment. The
portion of the Option that is unvested and unexercisable as of the date of the Optionee’s termination of Employment for any reason shall immediately expire on the date of such termination without consideration or payment therefor. 

Section 3.2. Expiration of Option. 

The Optionee may not exercise the exercisable portion of the Option to any extent after the first to occur of the following events: 

(a)    the tenth anniversary of the Grant Date; 

(b)    immediately upon the date of the Optionee’s termination of Employment, if the Optionee’s Employment is
terminated by the Company or any of its Affiliates, as applicable, for Cause; or 

  
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 (c)    the expiration of the nine (9) month period following the
date of the Optionee’s termination of Employment if the Optionee’s Employment terminates for any reason other than for Cause. 

ARTICLE IV 
 EXERCISE OF OPTION

 Section 4.1. Person Eligible to Exercise. 

Except as otherwise permitted by the Committee in writing or by the Management Stockholders Agreement, the Optionee is the only Person that may
exercise the exercisable portion of the Option, unless and until the Optionee dies or suffers a Disability. After the Disability or death of the Optionee, the exercisable portion of the Option may, prior to the time when the Option becomes
unexercisable under Section 3.2 hereof, be exercised by the Optionee’s personal representative, guardian or by any person empowered to do so under the Optionee’s will or under the then Applicable Laws of descent
and distribution or, if applicable, under a trust or other estate planning vehicle to which the Option was transferred for the benefit of the Optionee’s immediate family. 

Section 4.2. Exercisability of Option. 

Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any time prior
to the time when the Option or portion thereof becomes unexercisable under Section 3.2; provided, however, that any partial exercise shall be for whole Shares only. For the avoidance of doubt, the Option shall
not be exercisable with respect to any of the Shares subject thereto prior to the date (if any) the Option has vested with respect to such Shares in accordance with Section 3.1. 

Section 4.3. Manner of Exercise. 

Any exercisable portion of the Option may be exercised solely by delivering to the Office of the Secretary of the Company at the Company’s
principal office all of the following prior to the time when the Option or such portion becomes unexercisable under Section 3.2: 

(a)    notice in writing signed by the Optionee or the other Person then entitled to exercise the Option or portion
thereof, stating that the Option or portion thereof is thereby exercised, such notice complying with all applicable rules established by the Committee; provided, that such rules do not impose any substantive requirements on the Optionee which
are inconsistent with the terms of this Agreement or the Plan; 
 (b)    full payment of the aggregate Option Price for
the Shares with respect to which such Option or portion thereof is exercised (i) in cash (by check or wire transfer or a combination of the foregoing), (ii) by a “net exercise” method whereby the aggregate Option Price for the Shares
being acquired upon exercise is satisfied by the Company withholding, from the Shares otherwise issuable to the Optionee, that number of Shares having an aggregate Fair Market Value, determined as of the date of exercise, equal to the product of
(x) the Option Price and (y) the number of Shares with respect to which the Option is being exercised, (iii) following the Lock-up Lapse Date, by delivery (on a form prescribed or accepted by
the Company) of an 

  
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irrevocable direction to a licensed securities broker acceptable to the Company to sell the Shares subject to the Option and to deliver all or part of the sale proceeds to the Company in payment
of the aggregate Option Price, or (iv) any combination of the foregoing methods, as elected by the Optionee; 

(c)    a bona fide written representation and agreement, in a form satisfactory to the Committee, signed by the
Optionee or other Person then entitled to exercise such Option or portion thereof, stating that (i) unless the Shares are registered on a Form S-8 or the Company in its sole discretion determines that
another exemption applies, the individual exercising the Option is an accredited investor (within the meaning of Rule 501(a) of Regulation D promulgated under the Securities Act) and (ii) the Shares are being acquired for the Optionee’s
own account, for investment and without any present intention of distributing or reselling said Shares or any of them except as may be permitted under the Securities Act; provided, however, that the Committee may, in its reasonable
discretion, take whatever additional actions it deems reasonably necessary to ensure the observance and performance of such representation and agreement and to effect compliance with the Securities Act and any other federal or state securities laws
or regulations; 
 (d)    if such exercise is for any Shares, unless already delivered, a written instrument (a
“Joinder”) pursuant to which the Optionee agrees to be bound by the terms and conditions of the Management Stockholders Agreement with respect to Shares to the same extent as a Management Stockholder thereunder, as provided as
Annex A to the Management Stockholders Agreement; 
 (e)    full payment to the Company or any of its Affiliates,
as applicable, of all amounts which, under federal, state, local and/or non-U.S. law, such entity is required to withhold upon exercise of the Option; and 

(f)    in the event the Option or portion thereof shall be exercised pursuant to Section 4.1 by
any Person or Persons other than the Optionee, appropriate proof of the right of such Person or Persons to exercise the Option. 
 Without
limiting the generality of the foregoing, any subsequent transfer of Shares shall be subject to the terms and conditions of the Management Stockholders Agreement and the Committee may require an opinion of counsel acceptable to it to the effect that
any subsequent transfer of Shares acquired on exercise of the Option does not violate the Securities Act, and may, in its reasonable discretion, issue stop-transfer orders covering such Shares. 

If the Option Price is satisfied by an irrevocable direction to a licensed securities broker, the Optionee will be subject to the
Company’s policies regarding insider trading restrictions, which may affect the Optionee’s ability to acquire or sell Shares or rights to Shares under the Plan (e.g., the Option). By acceptance of the Option granted hereunder, the
Optionee certifies the Optionee’s understanding of and intent to fully comply with the standards contained in the Company’s insider trading policies (and related policies and procedures adopted by the Company). 

  
 5 

 Section 4.4. Conditions to Issuance of Shares. 

The Company shall not be required to record the ownership by the Optionee of the Shares purchased upon the exercise of an Option or portion
thereof prior to fulfillment of all of the following conditions: 
 (a)    the obtaining of approval or other clearance
from any federal, state, local or non-U.S. governmental agency or stock exchange or over-the-counter market listing requirements
which the Committee shall, in its reasonable and good faith discretion, determine to be necessary or advisable; 

(b)    the lapse of such reasonable period of time following the exercise of the Option as the Committee may from time to
time establish for reasons of administrative convenience (which period shall not exceed four (4) business days if established for administrative convenience) or as may otherwise be required by Applicable Law; and 

(c)    the execution and delivery of the Joinder by the Optionee to the extent the Optionee is not already a party to the
Management Stockholders Agreement. 
 Section 4.5. Rights as Stockholder. 

No later than four (4) business days following the date on which the Optionee exercises the Option (or portion thereof) in a manner
satisfying Section 4.3, the Optionee shall have all rights and privileges of stockholders of the Company in respect of the Shares acquired upon such exercise and in no event shall the Optionee have such rights and
privileges until the earlier of the date such Shares are issued or the date that is four (4) business days following the date on which the Optionee exercises the Option (or any portion thereof). 

ARTICLE V 
 MISCELLANEOUS

 Section 5.1. Administration. 

Subject to the terms of the Plan and this Agreement, the Committee shall have the power to interpret the Plan and this Agreement and to adopt
such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules. No member of the Committee shall be personally liable for any action, determination or
interpretation made in good faith with respect to the Plan or the Option. In its absolute discretion, the Board may at any time, and from time to time, exercise any and all rights and duties of the Committee under the Plan and this Agreement. 

Section 5.2. Option Not Transferable. 

Except as otherwise permitted by the Committee in writing, neither the Option nor any interest or right therein or part thereof shall be
subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other
legal or equitable proceedings (including bankruptcy), and any attempted disposition 

  
 6 

 
thereof shall be null and void and of no effect; provided, however, that, to the extent permitted by Applicable Law, this Section 5.2 shall not prevent
transfers by will or by the Applicable Laws of descent and distribution. 
 Section 5.3. Applicability of the Plan and the Management
Stockholders Agreement; Modifications to Management Stockholders Agreement. 
 The Option, and the Shares issued to the Optionee upon
exercise of the Option, shall be subject to all of the terms and provisions of the Plan and the Management Stockholders Agreement, to the extent applicable to the Option and such Shares. Any disputes regarding the determination of matters
contemplated in the Management Stockholders Agreement shall be determined in accordance with Section 7.3 (Governing Law) and Section 7.4 (Submissions to Jurisdictions; WAIVER OF JURY TRIAL) of the Management Stockholders Agreement. In the
event of any conflict between this Agreement and the Plan, the terms of the Plan shall control. In the event of any conflict between this Agreement or the Plan and the Management Stockholders Agreement, the terms of the Management Stockholders
Agreement shall control; provided, however, for purposes of Article IV of the Management Stockholders Agreement, the “Individual Cap” that will be applicable to the Optionee shall be $5,000,000; provided, that on and
after the date on which Michael Dell and any member of his Management Stockholder Group have become a 90% Owner (as defined in the Management Stockholder Agreement), the Optionee’s Individual Cap shall be increased to $10,000,000. 

Section 5.4. Notices. 
 Any
notice to be given under the terms of this Agreement shall be contained in a written instrument delivered in person or sent by facsimile (with written confirmation of transmission), e-mail (with written
confirmation of transmission) or a nationally-recognized overnight courier, which shall be addressed, in the case of the Company, to the Office of the Secretary; and if to the Optionee, to the address, e-mail
address or facsimile number appearing in the personnel records of the Company or any of its Affiliates, as applicable. By a notice given pursuant to this Section 5.4, either party may hereafter designate a different address
for notices to be given to that party. Any notice which is required to be given to the Optionee, shall, if the Optionee is then deceased, be given to the Optionee’s personal representative if such representative has previously informed the
Company of the representative’s status and address by written notice under this Section 5.4. Any and all notices, designations, offers, acceptances or other communications shall be conclusively deemed to have been
given, delivered or received (i) in the case of personal delivery, on the day of actual delivery thereof, (ii) in the case of facsimile or e-mail, on the day of transmittal thereof if given during
the normal business hours of the recipient, and on the business day during which such normal business hours next occur if not given during such hours on any day, and (iii) in the case of dispatch by nationally-recognized overnight courier, on
the next business day following the disposition with such nationally-recognized overnight courier. By notice complying with the foregoing provisions of this Section 5.4, each party shall have the right to change its mailing
address, e-mail address or facsimile number for the notices and communications to such party. The Company and the Optionee hereby consent to the delivery of any and all notices, designations, offers,
acceptances or other communications provided for herein by electronic transmission addressed to the e-mail address or facsimile number of the Company and the Optionee, as applicable, as provided herein. 

  
 7 

 Section 5.5. Titles; Interpretation. 

Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. Defined
terms used in this Agreement shall apply equally to both the singular and plural forms thereof. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The term “hereunder” shall mean this entire Agreement as a whole unless reference to a specific section or
provision of this Agreement is made. Any reference to a Section, subsection and provision is to this Agreement unless otherwise specified. 

Section 5.6. No Right to Employment or Additional Options or Stock Awards. 

Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in Employment, or shall interfere with or
restrict in any way the rights of the Company and its Affiliates, which are hereby expressly reserved, to terminate the Employment of the Optionee at any time for any reason whatsoever, with or without Cause, subject to the applicable provisions, if
any, of the Optionee’s Employment agreement (if any such agreement is in effect at the time of such termination). Neither the Optionee nor any other Person shall have any claim to be granted any additional Options or any other Stock Awards and
there is no obligation under the Plan for uniformity of treatment of Participants, or holders or beneficiaries of Options or other Stock Awards. The terms and conditions of the Option granted hereunder or any other Stock Award granted under the Plan
or otherwise and the Committee’s determinations and interpretations with respect thereto and/or with respect to the Optionee and any other Participant need not be the same (whether or not the Optionee and any such Participant are similarly
situated). 
 Section 5.7. Nature of Grant. 

In accepting the grant, the Optionee acknowledges that, regardless of any action the Company or its Affiliates takes with respect to any or all
income tax, social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), the Optionee acknowledges that the
ultimate liability for all Tax-Related Items legally due by the Optionee is and remains the Optionee’s responsibility, and the Optionee shall pay to, and indemnify and keep indemnified, the Company and
its Affiliates from and against Tax-Related Items legally due by the Optionee that are attributable to the exercise of, or any benefit derived by the Optionee from, the Option and that the Company and its
Affiliates (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of this Agreement, including the grant, vesting or exercise of this
Option, the subsequent sale of Shares acquired pursuant to such exercise or the receipt of any dividends with respect to such Shares; and (ii) do not commit to structure the terms of the grant or any aspect of the Option to reduce or eliminate
the Optionee’s liability for Tax-Related Items. 
 Section 5.8. Governing Law. 

This Agreement shall be governed in all respects by the laws of the State of Delaware, without regard to conflicts of law principles thereof.

  
 8 

 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto.

  

			
	DELL TECHNOLOGIES INC.

 
			
		
	By:	 	  

		
	Name:	 	  

 
			
		
	Title:	 	  

 Exhibit A 

Class V Options Converted 
  

											
	 Grant Date
	 	 Number of

Class V

Options

Granted
	 	 Number of Class C
Options
After
Conversion
 (Class V Options x
Exchange Ratio)
rounded down to
nearest whole

share
	  	 Option Price

(At Time of

Grant)
	  	 Option Price

Post-Merger
Closing (Original
Option Price ÷
Exchange Ratio)
rounded up to
nearest whole

penny
	  	 Vesting

		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	

 Class C Options Restated 
  

							
	 Grant Date
	 	 Number of

Class C Options

Granted
	 	 Option Price
	  	 Vesting

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