Document:

EX-10.1

 Exhibit 10.1 

CONFIDENTIAL 
 EMPLOYMENT
AGREEMENT 
 EMPLOYMENT AGREEMENT (“Agreement”), effective as of June 1 2021 (the “Effective
Date”), between Kaleyra, Inc., a Delaware corporation (“KLR” and, together with its affiliates and subsidiaries, the “Company”), and Giacomo Dall’Aglio (the “Executive”). 

W I T N E S S E T H: 
 WHEREAS,
the Company desires to retain the Executive on a full-time basis in accordance with the terms and conditions set forth herein; and 

WHEREAS, the Executive desires to be so employed by the Company. 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, the parties hereto hereby agree as follows: 

1. Employment. 
 (a)
Employment Period. The Company agrees to employ the Executive, and the Executive agrees to be employed by the Company, in accordance with the terms and conditions hereof. The Executive shall be an employee at will and this Agreement
shall not constitute a guarantee of employment. Each of the parties acknowledges and agrees that either party may terminate the Executive’s employment at any time, for any reason, with or without Cause (as defined in
Section 3(a)(i)). The period commencing on the date hereof and ending on the effective date of the termination of the Executive’s employment is hereinafter referred to as the “Employment Period.” 

(i) Executive’s term of employment by the Company under this Agreement (the “Term”) shall commence on the Effective
Date (the “Commencement Date”) and continue through the three year anniversary of the Commencement Date; provided, however, that the Term shall thereafter be automatically extended for additional three-year periods unless, at least
ninety (90) days prior to the then-scheduled date of expiration of the Term, either (x) the Company gives notice to Executive that it is electing not to so extend the Term; or (y) Executive gives notice to the Company that he is
electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 3 below, in which event Executive’s employment with the Company
shall expire in accordance therewith.     
 (b) Position and Duties. 

(i) During the Employment Period, (A) the Executive shall be the CFO of the Kaleyra group, serving as the EVP and Chief Financial
Officer of KLR and its subsidiaries, (KLR and its subsidiaries, the “KLR Group”), with such duties and responsibilities as shall from time to time be assigned to the Executive and as are consistent and commensurate with the
Executive’s title and position, and (B) the Executive’s services shall be performed at the Company’s headquarters in New York, New York, United States of America or such other location as may be mutually agreed between the
Company and the Executive, except for travel, and visits to Company offices and facilities worldwide, as is reasonably required to attend to the Company’s business. 
  

 (ii) During the Employment Period, and excluding any periods of vacation, sick, safe or
other leave or period of disability to which the Executive is entitled under this Agreement or any of the Company’s plans or policies or applicable law, the Executive agrees to devote substantially all of the Executive’s business attention
and time (with business time determined in accordance with the Company’s usual and customary standards for its senior executives) to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned
to the Executive hereunder, to use the Executive’s reasonable best efforts to perform faithfully and conscientiously such responsibilities. During the Employment Period, the Executive shall be entitled to (A) serve as a member of one for-profit company board of directors or board of advisors with the prior written approval of the Company’s Board of Directors (which, for purposes of this Agreement, includes any committee thereof, unless the
context requires otherwise (the “Board”), as provided in the Board’s policies, (B) serve on a reasonable number of civic and charitable boards and (C) manage the Executive’s personal and family investments, in each
case, to the extent such activities do not interfere with the performance of the Executive’s duties for the Company or present any conflict of interest. 

(iii) Key-Man Insurance. At any time during the Term, the Company shall have the right to
insure the life of Executive for the sole benefit of the Company, in such amounts, and with such terms, as it may determine. All premiums payable thereon shall be the obligation of the Company. Executive shall have no interest in any such policy,
but agrees to reasonably cooperate with the Company in procuring such insurance by submitting to physical examinations, supplying all information required by the insurance company, and executing all necessary documents, provided that no financial
obligation is imposed on Executive by any such examinations or documents. The Company shall maintain, and instruct such insurance company and its agents to maintain, any such physical examination and other application submissions in strictest
confidence. 
 2. Compensation. 

(a) Base Salary. The Company shall pay the Executive a salary at the annual rate of $300,000, subject to increase from time to time as
determined by the Board (as may be increased, the “Base Salary”), payable in accordance with the normal payroll procedures of the Company in effect from time to time. The Executive’s Base Salary shall be reviewed for increase
at least annually by the Board pursuant to its normal performance review policies for “executive officers” (as defined under the rules of the New York Stock Exchange). The Company or the Board may from time to time, in its sole and
absolute discretion, increase the Base Salary by any amount it determines to be appropriate. Base Salary shall not be reduced after any increase unless mandated by the Board in conjunction with a substantial reduction in the overall payroll of the
Company. The term “Base Salary” as utilized in this Agreement shall refer to the Executive’s annual base salary as then in effect. The Company and the Executive will cooperate to structure the payment of cash compensation,
including Base Salary, out of such entities within the KLR Group as would reasonably be expected to be tax-efficient for the Executive. 

  
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 (b) Annual Incentive Compensation. Beginning with FY 2021, the Executive shall be
eligible to receive an annual bonus with an annual target bonus opportunity equal to 50% of the Executive’s Base Salary for such fiscal year (the “Annual Target Bonus”). The Company shall pay to the Executive any bonus payable
hereunder after determining whether the Executive’s performance has achieved the Company’s Objectives and Key Results (“OKR”), or other performance objectives established for purposes of bonuses, with such determination to be
made, in the Board’s sole and absolute discretion, following the conclusion of each fiscal year (the OKR, together with any bonus targets set by the Company with respect to the Executive for any specified year, may hereinafter be referred to as
the “Bonus Plan” with respect to such year), and in no event later than March 15th of the fiscal year immediately following the fiscal year to which such bonus is attributable. 

(c) Special Achievement Bonus. At the sole discretion of the Board of Directors, the Executive may be granted a Special Achievement
Bonus in recognition of a special event or achievement that has significantly improved the performance, strength or nature of the Company and its business. 

(d) Long-term Awards. 

(i) The Executive was granted on December 18, 2019 an award of 227,013 restricted stock units (“RSUs”), 25% of which
vested on February 1, 2021, and the remaining 75% of which shall vest in 12 equal quarterly installments beginning on May 1, 2021. 

(ii) The Executive was granted on February 16, 2021 an award of 60,000 restricted stock units (“RSUs”), which shall
vest in 16 equal quarterly installments beginning on May 1, 2021. 
 (iii) The Executive was granted on March 10, 2021 an award
of 1,192 restricted stock units (“RSUs”), which vested on May 1, 2021. 
 iv) Beginning from June 1, 2021 and
each year thereafter during the Term, Executive shall be eligible to receive grants of long-term awards in the form of cash and/or equity awards as determined by the Compensation Committee of the Board and approved by the entire Board of Directors.
Any such equity awards shall be granted under the Company’s 2019 Equity Incentive Plan or its successor (the “Equity Incentive Plan”) in accordance with the Company’s and Board’s policies regarding the grant of equity
awards. 
 (e) Benefits. The Executive shall be eligible to participate in all employee benefit and insurance plans sponsored or
maintained by the Company for similarly situated executives (including any savings, retirement, life, health and disability plans), to the extent that the Executive is qualified to participate in any such plan under the generally applicable
provisions thereof in effect from time to time. Nothing herein shall be deemed to prohibit the Company or the Board from amending or terminating any such plan in its sole and absolute discretion. Except as otherwise provided herein, the terms of
each such plan shall govern the Executive’s rights and obligations thereunder during the Executive’s employment and upon the termination thereof. In addition, the Executive shall be entitled, during his employment with the Company under
this Agreement, to: 

  
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 (i) Vacation days in the amount of 40 business days per year, which will accrue in
accordance with, and be subject to such other terms as provided in, the Company’s vacation policies as apply to similarly situated executives except as set forth in the next sentence. The vacation days provided to the Executive may be carried
over from one year to the next during the Employment Period, except that the amount of vacation accrued by the Executive may not exceed 60 business days. When 60 business days of vacation have been accumulated, future vacation accruals will be
suspended until accumulated vacation has been taken and the amount of accumulated vacation is reduced below 60 business days. 
 (ii) Up to
40 hours per year paid earned safe and sick leave, based on Executive’s work in New York, New York, as required pursuant to the New York City Earned Safe and Sick Leave Act; 

(iii) Continue to participate in the Italian pension scheme consistent with its terms; 

(iv) Receive coach class round trip tickets between the USA and Italy for all of the Executive’s immediate family up to 2 times a year;

 (v) Have use of a company laptop and a company cell phone with two subscriptions (one for USA and one for Italy) 

vi) Have use of a company car in the case of the Executive being relocated to a city where such a benefit is a typical component of executive
compensation. 
 (g) Expenses. The Company shall pay or reimburse the Executive for reasonable expenses incurred or paid by the
Executive in the performance of the Executive’s duties hereunder in accordance with the generally applicable policies and procedures of the Company, as in effect from time to time and subject to the terms and conditions thereof. Such procedures
include the reimbursement of approved expenses within 30 days after approval. The Company also will pay the Executive’s professional fees, if any, incurred to negotiate and prepare this Agreement and related agreements in an amount not to
exceed $5,000. 
 3. Termination of Employment. The Executive’s employment hereunder shall terminate, or shall be subject to
termination at any time, as described in this Section 3. A termination of employment shall mean that the Executive has ceased to provide any services as an employee of the Company. 

(a) Termination for Cause by the Company. The Company may terminate the Executive’s employment with the Company at any time for
Cause. Upon such termination, the Company shall have no further obligation to the Executive hereunder except for the payment or provision, as applicable, of (w) the portion of the Base Salary for periods prior to the effective

  
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date of termination accrued but unpaid (if any), (x) any accrued but unused vacation time as of the effective date of termination, (y) all unreimbursed expenses (if any), subject to
Section 2(f), and (z) other payments, entitlements or benefits, if any, in accordance with terms of the applicable plans, programs, arrangements or other agreements of the Company or any affiliate thereof (other than
any severance plan or policy) as to which the Executive held rights to such payments, entitlements or benefits, whether as a participant, beneficiary or otherwise on the date of termination (the payments and benefits in this
Section 3(a) are the “Other Benefits”). The payments contemplated by this Section 3(a) shall be made as required by applicable law and no later than 30 days after the termination of employment and the
provision of any benefits shall be made in accordance with the terms of the applicable plan, program, arrangement or agreement. For the avoidance of doubt, the Executive shall have no right to receive any amounts under the Company’s severance
policy upon the Executive’s termination for Cause. 
 (i) For purposes of this Agreement, “Cause” shall be defined
as: (1) the Executive’s indictment, charge or conviction of, or plea of nolo contendere to, (A) a felony or (B) any other crime involving fraud or material financial dishonesty or (C) any other crime involving moral
turpitude that might be reasonably expected to, or does, materially adversely affect the Company or any of its Affiliates, whether that effect is to economics, to reputation or otherwise; (2) the Executive’s gross negligence or willful
misconduct with regard to the Company or any of its Affiliates, which has a material adverse impact on Company or any of its Affiliates, whether economic or to reputation or otherwise; (3) Executive’s refusal or willful failure to
substantially perform his or her duties or to follow a material lawful and written directive of the CEO or the Board within the scope of the Executive’s duties hereunder which refusal or failure remains uncured or continues thirty
(30) days after written notice from the CEO or the Board which references the potential for a “for Cause” termination and specifies in reasonable detail the nature of the refusal or willful failure which must be cured;
(4) Executive’s theft, fraud or any material act of financial dishonesty related to the Company or any of its Affiliates; (5) the failure by the Executive to disclose any legal impediments to his or her employment by the Company or
his or her breach of any of his or her obligations to a former employer in connection with his or her employment by the Company (e.g., his or her disclosure or use of proprietary confidential information of a former employer on behalf of the Company
without such former employer’s consent); provided that Executive has been provided with written notification of any of such failure or breach and has been given five (5) days to present any mitigating, corrective or clarifying information
to the CEO or the Board; (6) the Executive’s breach or violation of those provisions of his or her agreement with the Company setting forth the Executive’s obligations with respect to confidentiality, non-competition and non-solicitation; (7) the Executive’s breach of any other material provision of his or her employment agreement unless corrected by the
Executive within thirty (30) days of the Company’s written notification to the Executive of such breach. or (8) the Executive being disqualified from acting in any or all capacities in which the Executive is then acting for the
Company, where such disqualification or act or omission causing such disqualification is not subject to further appeal. 
 (ii) For
purposes of this provision, no act or failure to act, on the part of the Executive, shall be considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or without good faith belief that the
Executive’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or upon the instructions of the Board or based upon the advice of
counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. 

  
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 (b) Qualifying Termination. The Company may also terminate the Executive’s
employment with the Company at any time without Cause, and the Executive may terminate the Executive’s employment with the Company at any time for Good Reason (as defined in Section 3(f)(i)(B)) (a termination without
Cause or for Good Reason is a “Qualifying Termination”). 
 (i) On a Qualifying Termination that is not within the one-year period following a Change in Control (as defined in Section 3(f)(i)(A)), the Executive shall be entitled to receive from the Company (A) the Other Benefits in accordance with
Section 3(a); (B) an aggregate amount (the “Severance Amount”) equal to one times the sum (1) of the Base Salary plus (2) an amount equal to 100% of the Annual Target Bonus; and (C) a
bonus for the year of termination in accordance with Section 2(b) and (D) immediate vesting of any service-based vesting conditions applicable to long-term awards previously granted (including awards granted
under the Equity Incentive Plan); provided, however, that any such awards shall remain subject to achievement of performance-vesting conditions, if any. The Severance Amount shall be paid in a lump sum, and the incentive awards that
vest shall be paid or settled in a lump sum, on the first regularly scheduled payroll date that occurs at least 30 days after the Executive’s termination of employment (or, for awards subject to achievement of performance-vesting conditions,
within 30 days after the committee certifies the level of achievement of the performance conditions), subject to the Executive’s compliance with the requirement to deliver the release contemplated pursuant to
Section 4(a); provided that if the period in which the release is subject to consideration and revocation spans two calendar years, then such amounts shall be paid or settled in the later year. 

(ii) On a Qualifying Termination that is not within the one year period following a Change in Control, the Company shall also provide to the
Executive, during the one year period following the Executive’s date of termination, medical, dental, life and disability insurance coverage for the Executive and the members of the Executive’s immediate family which is not less favorable
to the Executive than the group medical, dental, life and disability insurance coverage carried by the Company for the Executive and the members of the Executive’s family immediately prior to such termination of employment, subject to the
Executive’s compliance with the requirement to deliver the release contemplated pursuant to Section 4(a); provided, however, that the obligations set forth in this sentence shall terminate to the extent
the Executive obtains comparable medical, dental, life or disability insurance coverage from any other employer during such period, but the Executive shall not have any obligation to seek or accept employment during such period, whether or not any
such employment would provide comparable medical and dental insurance coverage; and provided further, however, that the Executive shall be obligated to pay an amount equal to the active employee contribution, if any, for each
such coverage. Notwithstanding the foregoing but (for the avoidance of doubt) without limiting the provision of coverage provided in this Section 3(b)(ii) above, if at any time the Company determines that its partial
subsidy of the Executive’s premiums would result in a violation of the nondiscrimination rules of Section 105(h)(2) of the Internal Revenue Code of 1986, as amended (the “Code”) or any other Code section, law or regulation
of similar effect (including but not limited to the 2010 Patient Protection and Affordable Care Act, as amended by 

  
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the 2010 Health Care and Education Reconciliation Act), then in lieu of providing the subsidized premiums described above, the Company shall instead pay a fully taxable monthly cash payment in an
amount such that, after payment by the Executive of all taxes on such payment, the Executive retains an amount equal to the Company’s portion of the applicable premiums for such month, with such monthly payment being made on the last day of
each month for the remainder of the one year period. 
 (iii) For the avoidance of doubt, the payment of the Severance Amount shall be in
lieu of any amounts payable under the Company’s severance policy (as then in effect) and the Executive hereby waives any and all rights thereunder. 

(c) Termination by Voluntary Resignation (without Good Reason) by the Executive. The Executive may terminate the Executive’s
employment with the Company without Good Reason at any time by voluntary resignation. Upon such termination, the Company shall have no further obligation to the Executive hereunder except for the payment or provision of the Other Benefits,
which shall be paid or provided in accordance with Section 3(a). Notwithstanding the foregoing, the Executive shall provide no less than 90 days’ prior written notice of the effective date of the Executive’s
resignation (other than for Good Reason). The Company shall continue to pay or provide the Executive all compensation and benefits (including vesting) during such 90-day period. Notwithstanding the
foregoing, the Company, in its sole and absolute discretion, may waive the requirement for prior notice of the Executive’s resignation or decrease the notice period, in which event the Company shall have no continuing obligation to pay or
provide compensation or benefits or shall only have such obligation with respect to the shortened period, as the case may be, except as otherwise provided in this Section 3(c). 

(d) Disability. The Executive’s employment shall be terminable by the Company, subject to applicable law and the Company’s
short-term and long-term disability policies then in effect, if the Executive becomes physically or mentally disabled, whether totally or partially, such that the Executive is prevented from performing the Executive’s usual duties and services
hereunder for a period of 180 consecutive days or for shorter periods aggregating 180 days in any 12-month period (a “Disability”). If the Executive’s employment is terminated by the
Company due to the Executive’s Disability, the Company shall have no further obligation to the Executive hereunder, except for (i) the payment or provision of the Other Benefits, which shall be paid or provided in accordance with
Section 3(a), and (ii) immediate vesting of any outstanding, unvested long-term awards previously made to Executive (including under the Equity Incentive Plan), including, but not limited to, any performance-based
awards (which shall vest at target). The incentive awards that vest shall be paid or settled in a lump sum within 30 days after the Executive’s termination of employment. 

(e) Death. If the Executive shall die during the Employment Period, this Agreement shall terminate on the date of the Executive’s
death and the Company shall have no further obligation to the Executive hereunder except for the payment to the Executive’s estate of (i) the payment or provision of the Other Benefits, which shall be paid or provided in accordance with
Section 3(a), and (ii) immediate vesting of any outstanding, unvested long-term awards previously made to Executive (including under the Equity Incentive Plan), including, but not limited to, any performance based
awards (which shall vest at target). The incentive awards that vest shall be paid or settled in a lump sum within 30 days after the Executive’s termination of employment. 

  
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 (f) Qualifying Termination Subsequent to a Change in Control. 

(i) For purposes of this Agreement, the following terms shall have the meanings set forth below: 

A. “Change in Control” has the meaning set forth in the Equity Incentive Plan. 

B. “Good Reason” shall mean the occurrence of any of the following events or circumstances without the Executive’s
prior written consent: 
 (1) a material breach of the Executive’s employment agreement by the Company; 

(2) the assignment to the Executive of any duties inconsistent in any material respect with the Executive’s position (including status,
offices, titles and reporting), authority, duties or responsibilities as contemplated by Section 1(b) (or following a Change in Control, as in effect immediately prior to such Change in Control), or any other action by the Company that results
in a material diminution in the Executive’s position , authority, duties or responsibilities that, taken as a whole, effectively constitutes a demotion; ; 

(3) any reduction or failure to pay the Executive’s Base Salary or the Annual Target Bonus except to the extent all executives receive a
proportional decrease; 
 (4) a material change in the geographic location at which Executive must perform services to the Company not
mutually agreed to by both the Executive and the company, including, but not limited to, a relocation of Executive’s primary place of employment outside of New York, NY or Milan, Italy, except for travel, and visits to Company offices and
facilities worldwide, reasonably required to attend to the Company’s business; or 
 (5) the failure of the Company to require any
successor to the Company (whether direct or indirect, by purchase, merger, consolidation or otherwise), or to all or substantially all of the business and/or assets of the Company, to assume expressly and agree to perform this Agreement in the same
manner and to the same extent that the Company would be required to perform it if no such succession had taken place. 
 In order for a
termination of employment for Good Reason to be effective, (a) the Company must receive a Notice of Termination (as defined below) from the Executive within 30 days following the occurrence of the event claimed to give rise to the right to
resign for Good Reason, (b) the Company must fail to cure the event constituting Good Reason within 30 days after receipt of the Notice of Termination, and (c) the Executive must terminate the Executive’s employment in writing within
60 days following the expiration of such cure period. 

  
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 (ii) If a Qualifying Termination occurs within one year after the occurrence of a Change in
Control, the Executive shall be entitled to receive from the Company (or the then former Company subsidiary employing the Executive), or the consolidated, surviving or transferee person in the event of a Change in Control pursuant to a
consolidation, merger or sale of assets, (A) the payment or provision of the Other Benefits, which shall be paid or provided in accordance with Section 3(a); (B) an aggregate amount equal to: one times the sum
(1) of the Base Salary plus (2) an amount equal to 100% of the Annual Target Bonus (the “CIC Severance Amount”); (C) a bonus for the year of termination in accordance with Section 2(b); and
(D) immediate vesting of any service-based vesting conditions applicable to long-term awards previously granted (including awards granted under the Equity Incentive Plan); provided, however, that any such awards shall remain
subject to achievement of performance-vesting conditions, if any. The CIC Severance Amount shall be paid in a lump sum, and the incentive awards that vest shall be paid or settled in a lump sum, on the first regularly scheduled payroll date
that occurs at least 30 days after the Executive’s termination of employment (or, for awards subject to achievement of performance-vesting conditions, within 30 days after the committee certifies the level of achievement of the performance
conditions), subject to the Executive’s compliance with the requirement to deliver the release contemplated pursuant to Section 4(a); provided that if the period in which the release is subject to consideration
and revocation spans two calendar years, then such amounts shall be paid or settled in the later year. For the avoidance of doubt, the amounts payable under clause (B) of this Section 3(f)(ii) as severance shall
be in lieu of any amounts payable under the Company’s severance policy and the Executive hereby waives any and all rights thereunder. 

(iii) If a Qualifying Termination occurs within one year after the occurrence of a Change in Control, the Company (or the then former Company
subsidiary employing the Executive), or the consolidated, surviving or transferee person in the event of a Change in Control pursuant to a consolidation, merger or sale of assets, shall also provide, for the period of one year commencing on the date
of such termination of employment, medical, dental, life and disability insurance coverage for the Executive and the members of the Executive’s family which is not less favorable to the Executive than the group medical, dental, life and
disability insurance coverage carried by the Company for the Executive and the members of the Executive’s family either immediately prior to such termination of employment or immediately prior to the occurrence of such Change in Control,
whichever is greater, subject to the Executive’s compliance with the requirement to deliver the release contemplated pursuant to Section 4(a); provided, however, that the obligations set forth in this
sentence shall terminate to the extent the Executive obtains comparable medical, dental, life or disability insurance coverage from any other employer during such one year period, the Executive shall not have any obligation to seek or accept
employment during such oneyear period, whether or not any such employment would provide comparable medical, dental, life and disability insurance coverage, and the Company may make a monthly cash payment equal to the monthly premium costs for
medical, dental, life, or disability insurance as determined on an after tax basis in accordance with Section 3(b)(iii) above, in its discretion. 

  
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 (iv) Excise Taxes. Notwithstanding anything in the foregoing to the contrary, if
Independent Tax Counsel (as that term is defined below) determines that the aggregate payments and benefits provided or to be provided to the Executive pursuant to this Agreement, and any other payments and benefits provided or to be provided to the
Executive from the Company or affiliates or any successors thereto constitute “parachute payments” as defined in Section 280G of the Code (or any successor provision thereto) (“Parachute Payments”) that would be
subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then, except as otherwise provided in the next sentence, such Parachute Payments shall be reduced to the extent the Independent Tax Counsel shall
determine is necessary (but not below zero) so that no portion thereof shall be subject to the Excise Tax. If Independent Tax Counsel determines that the Executive would receive in the aggregate greater payments and benefits on an after tax basis if
the Parachute Payments were not reduced pursuant to this Section 3(f)(iv), then no such reduction shall be made. The determination of which payments or benefits shall be reduced to avoid the Excise Tax shall be made by the
Independent Tax Counsel, provided that the Independent Tax Counsel shall reduce or eliminate, as the case may be, payments or benefits in the order that it determines will produce the required reduction in total Parachute Payments with the least
reduction in the after-tax economic value to the Executive of such payments. If the after-tax economic value of any payments are equivalent, such payments shall be
reduced in the inverse order of when the payments would have been made to the Executive until the reduction specified herein is achieved. The determination of the Independent Tax Counsel under this Section 3(f)(iv) shall be
final and binding on all parties hereto. For purposes of this Section 3(f)(iv), “Independent Tax Counsel” shall mean a lawyer, a certified public accountant with a nationally recognized accounting firm, or
a compensation consultant with a nationally recognized consulting firm with expertise in the area of executive compensation tax law, who shall be selected by the Company and shall be acceptable to the Executive (the Executive’s acceptance not
to be unreasonably withheld), and whose fees and disbursements shall be paid by the Company. Notwithstanding anything herein to the contrary, this Section 3(f)(iv) shall be interpreted (and, if determined by the Company to
be necessary, reformed) to the extent necessary to fully comply with Section 409A of the Code; provided that the Company agrees to maintain, to the maximum extent practicable, the original intent and economic benefit to the Executive of the
applicable provision without violating the provisions of Section 409A of the Code. 
 (g) Notice of Termination. Any
termination by the Company or by the Executive, other than a termination by reason of the Executive’s death, shall be communicated by a Notice of Termination to the other party hereto given in accordance with
Section 7(c). “Notice of Termination” means a written notice that (i) indicates the specific termination provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in
reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated, and (iii) if the date of termination is other than the date of receipt of such notice,
specifies the date of termination. 
 (h) Date of Termination. For purposes of this Agreement the Executive’s date of
termination of employment shall be (i) if the Executive’s employment is terminated by the Company with or without Cause, by the Executive for Good Reason, or due to the Executive’s Disability, the date of termination shall be the date
on which the other party receives the Notice of Termination, unless a later date is mutually agreed, (ii) if the Executive’s employment is terminated by the Executive other than for Good Reason, the 90th day following the
Company’s receipt of the Notice of Termination, unless the Company waives or reduces such period as provided in Section 3(c), and (iii) if the Executive’s employment is terminated by reason of death, the date
of termination shall be the date of death. 

  
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 (i) Resignation. Upon termination of the Executive’s employment for any reason,
the Executive agrees to resign, effective as of the date of termination, from any positions that the Executive holds with the Company and its affiliates, including the Board of Directors (and any committees thereof) of any of the Company’s
subsidiaries and affiliates. Executive further agrees to promptly execute any documents required to effectuate such resignation. 
 4.
Effect of Termination. 
 (a) Full Settlement. The amounts paid to the Executive pursuant to
Section 3 (including any Section of this Agreement or any other arrangement referenced therein) following termination of the Executive’s employment shall be in full and complete satisfaction of the Executive’s
rights under this Agreement and any other claims the Executive may have with respect to the Executive’s employment by the Company and the termination thereof. Such amounts shall constitute liquidated damages with respect to any and all such
rights and claims. In consideration of the Executive’s receipt thereof, the Executive shall execute a release in favor of the Company, substantially in the form of Exhibit A hereto. The payments and provision of benefits to the
Executive required by Sections 3(b) and 3(f), to the extent provided therein, shall be conditioned upon the Executive’s delivery (and non-revocation prior to the expiration of the revocation
period contained in the release) of such release in favor of the Company within 30 days after the date of the Executive’s termination of employment, except that the signed release may be returned to the Company within 45 days after
Executive’s receipt thereof where provided under applicable law. If such conditions are not met by such date, the Executive shall forfeit such payments and benefits. Notwithstanding the foregoing, nothing herein shall be construed to release
the Company from its obligations to indemnify the Executive (as set forth in Section 7(h)). 
 (b) No
Duplication; No Mitigation; Limited Offset. In no event shall the Executive be entitled to duplicate payments or benefits under different provisions of this Agreement or pursuant to the terms of any other plan, program or arrangement of the
Company or its affiliates. In the event of any termination of the Executive’s employment, the Executive shall be under no obligation to seek other employment, and there shall be no offset against amounts due the Executive under this Agreement
or pursuant to any plan of the Company or any of its affiliates on account of any remuneration attributable to any subsequent employment or any claim asserted by the Company or any of its affiliates, except with respect to the continuation of
benefits under Sections 3(b) and 3(f), which shall terminate immediately upon obtaining comparable coverage from another employer. 

5 Restrictive Covenants. 

(a) Confidentiality. The Executive recognizes that any knowledge and information of any type whatsoever of a confidential nature
relating to the business of the Company, including, without limitation, all types of trade secrets, vendor and customer lists and information, employee lists and information, information regarding product development, marketing plans, management
organization information, operating policies and manuals, sourcing data, performance results, business plans, financial records, and other financial, commercial, business and technical information (collectively, “Confidential
Information”), must be protected as confidential, not copied, disclosed or used, other than for the benefit of the 

  
 11 

 
Company, at any time. The Executive further agrees that at any time during the Employment Period or thereafter the Executive will not divulge to anyone (other than the Company or any person
employed or designated by the Company), publish or make use of any Confidential Information without the prior written consent of the Company or as the Executive deems appropriate (in his reasonable discretion) in the discharge of his duties
hereunder during the Employment Period, except (i) as (and only to the extent) required by an order of a court, arbitrator or mediator having competent jurisdiction or under subpoena from an appropriate government agency and then only after
providing (to the extent permitted by such legal process) the Company with the reasonable opportunity to prevent such disclosure or to receive confidential treatment for the Confidential Information required to be disclosed, (ii) with respect
to any other litigation, arbitration or mediation involving this Agreement, including, but not limited to the enforcement of this Agreement or (iii) as to Confidential Information that becomes generally known to the public or within the
relevant trade or industry other than due to the Executive’s violation of this Section 5(a). The Executive further agrees that following the termination of the Employment Period for whatever reason, (A) the
Company shall keep all tangible property assigned to the Executive or prepared by the Executive; provided that the Executive may keep copies of information related to his personal and family compensation and tax matters and (B) the Executive
shall not misappropriate or infringe upon the Confidential Information of the Company (including the recreation or reconstruction of Confidential Information from memory). 

(b) Non-Interference. The Executive acknowledges that information regarding the Company’s
business and financial relations with its vendors and customers is Confidential Information and proprietary to the Company and that any interference with such relations based directly or indirectly on the use of such information would cause
irreparable damage to the Company. The Executive acknowledges that by virtue of the Executive’s employment with the Company, the Executive may gain knowledge of such information concerning the Company’s vendors and customers (respectively
“Vendor Information” or “Customer Information”), and that the Executive would inevitably have to draw on this Vendor Information and Customer Information and on other Confidential Information if the Executive were
to solicit or service the Company’s vendors or customers on behalf of a competing business enterprise. Accordingly, and subject to the immediately following sentence, the Executive agrees that during the Employment Period and for a period of 12
months following the termination thereof, the Executive will not, on behalf of the Executive or any other Person, other than the Company or its affiliates, directly or indirectly do business with, solicit the business of, or perform any services for
any actual vendor or customer of the Company, any Person that has been a vendor or customer of the Company within the 12-month period preceding such termination or any actively solicited prospective vendor or
customer as to whom or which the Executive provided any services or as to whom or which the Executive has knowledge of Vendor Information, Customer Information or Confidential Information. The foregoing restrictive covenant shall only apply to
business activities engaged in by the Executive on behalf of the Executive or any other Person that are directly competitive with those of the operating divisions of the Company in which the Executive has worked or over which the Executive has or
has had supervisory responsibility, in terms of channels of distribution, types of products, gender for which the products have been designed and similarity of price range. In addition, the Executive agrees that, during the Employment Period
and such 12-month period thereafter, the Executive will not, directly or indirectly, seek to encourage or induce any such vendor or customer to cease doing business with, or lessen its business with, the
Company, or otherwise interfere with or damage (or attempt to interfere with or damage) any of the Company’s relationships with its vendors and customers, except in the ordinary course of the Company’s business. 

  
 12 

 (c) Non-Competition. The Executive agrees
that, in light of the special, unique and extraordinary services rendered by the Executive to the Company, the paramount need to protect the Company’s Confidential Information, the value of the goodwill relating to Executive and the worldwide
scope of Company’s operations, during the Employment Period and for a period of 12 months following the Executive’s termination of employment, the Executive shall not, without the prior written consent of the Company, directly or
indirectly, on the Executive’s behalf or on behalf of any other person, firm, corporation, association or other entity, as an employee, director, advisor, partner, consultant or otherwise, engage in any business of, provide services to, enter
the employ of, or have any interest in, any other person, firm, corporation or other entity that is engaged in a business that is in competition with the primary businesses or products of the Company as of the Executive’s date of termination.
Nothing herein shall restrict the Executive from passively owning, for personal investment purposes only, less than 5% of the voting stock of any publicly held corporation or 2% of the ownership interest in any
non-publicly held company. 
 (d) Non-Solicitation.
The Executive agrees that during the Employment Period and for a period of 12 months following the termination thereof for any reason, the Executive will not solicit to hire, whether on the Executive’s own behalf or on behalf of any other
person (other than the Company), any employee of the Company or any individual who had left the employ of the Company within 12 months of the termination of the Executive’s employment with the Company. In addition, during the Employment
Period and such 12-month period thereafter, the Executive will not, directly or indirectly, encourage or induce any employee of the Company to leave the Company’s employ, except in the ordinary course of
the Company’s business. Nothing in this Section 5(d) shall prohibit a general employment listing not directed at any employee of the Company. 

(e) Public Comment. The Executive, during the Employment Period and at all times thereafter, shall not make any derogatory comment
concerning the Company or any of its current or former directors, officers, stockholders or employees. Similarly, the then current (i) members of the Board and (ii) members of the Company’s senior management shall not make any
derogatory comment concerning the Executive. 
 (f) Blue Penciling. If any of the restrictions on competitive or other activities
contained in this Section 5 shall for any reason be held by a court of competent jurisdiction to be excessively broad as to duration, geographical scope, activity or subject, such restrictions shall be construed so as
thereafter to be limited or reduced to be enforceable to the extent compatible with the applicable law; it being understood that by the execution of this Agreement, (i) the parties hereto regard such restrictions as reasonable and compatible
with their respective rights and (ii) the Executive acknowledges and agrees that the restrictions will not prevent the Executive from obtaining gainful employment subsequent to the termination of the Executive’s employment. The existence
of any claim or cause of action by the Executive against the Company shall not constitute a defense to the enforcement by the Company of the foregoing restrictive covenants, but such claim or cause of action shall be determined separately. 

  
 13 

 (g) Injunctive Relief. The Executive acknowledges and agrees that the covenants and
obligations of the Executive set forth in this Section 5 relate to special, unique and extraordinary services rendered by the Executive to the Company and that a violation of any of the terms of such covenants and
obligations will cause the Company irreparable injury for which adequate remedies are not available at law. Therefore, the Executive agrees that the Company shall be entitled to seek an injunction, restraining order or other temporary or permanent
equitable relief (without the requirement to post bond) restraining the Executive from committing any violation of the covenants and obligations contained herein. These injunctive remedies are cumulative and are in addition to any other rights and
remedies the Company may have at law or in equity. 
 (h) Other Considerations. Notwithstanding anything to the contrary herein, the
Executive understands that nothing in this Agreement restricts or prohibits the Executive from initiating communications directly with, responding to any inquiries from, providing testimony before, providing confidential information to, reporting
possible violations of law or regulation to, or from filing a claim or assisting with an investigation directly with a self-regulatory authority or a government agency or entity (collectively, “Government Agencies”), or from making
other disclosures that are protected under the whistleblower provisions of state or federal law or regulation, and pursuant to 18 USC § 1833(b), an individual may not be held liable under any criminal or civil federal or state trade secret law
for disclosure of a trade secret: (i) made in confidence to a government official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law or (ii) in a complaint
or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Additionally, an individual suing an entity for retaliation based on the reporting of a suspected violation of law may disclose a trade secret to the
individual’s attorney and use the trade secret information in the court proceeding, so long as any document containing the trade secret is filed under seal and the individual does not disclose the trade secret except pursuant to court order.
Nothing in this Agreement is intended to conflict with 18 USC § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 USC § 1833(b). 

(i) Clawbacks. All payments made pursuant to this Agreement are subject to the “clawback” obligations of Section 954 of
the Dodd-Frank Wall Street Reform and Consumer Act, as may be amended from time to time, and any other “clawback” obligations pursuant to applicable law, rule, regulation or Company policy, in each case as consistently applied to all
similarly situated executives of the Company. 
 6. Work for Hire. The Executive agrees that all marketing, operating and training
ideas, sourcing data, processes and materials, including all inventions, discoveries, improvements, enhancements, written materials and development related to the business of the Company (“Proprietary Materials”) to which the
Executive may have access or that the Executive may develop or conceive while employed by the Company shall be considered works made for hire for the Company and prepared within the scope of employment and shall belong exclusively to the Company.
Any Proprietary Materials developed by the Executive that, under applicable law, may not be considered works made for hire, are hereby assigned to the Company without the need for any further consideration, and the Executive agrees to take such
further action, including executing such instruments and documents as the Company may reasonably request, to evidence such assignment. 

  
 14 

 7. Miscellaneous. 

(a) Assignment and Successors. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective
heirs, legatees, executors, administrators, legal representatives, successors and assigns. Notwithstanding anything in the foregoing to the contrary, the Executive may not assign any of the Executive’s rights or obligations under this Agreement
without first obtaining the written consent of the Company. The Company may assign this Agreement in connection with a sale of all or substantially all of its business and/or assets (whether direct or indirect, by purchase, merger, consolidation or
otherwise) and will require 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 to assume and agree to perform this Agreement in the
same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. “Company” means the Company as hereinbefore defined and any successor to its business and/or assets as
aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise. 
 (b) Survival. The provisions of
Sections 3, 4, 5, 6 and 7 shall survive the termination of this Agreement. 
 (c) Notices. Any
notices to be given hereunder shall be in writing and delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid as follows: 

If to the Executive, addressed to the Executive at the address then shown in the Executive’s employment records. 

If to the Company at: 
 Kaleyra Inc. 

1731 Embarcadero Road, Suite 200 
 Palo Alto, CA 94303 

Attention: Chairman of the Board 
 Any party may change the
address to which notices are to be sent by giving notice of such change of address to the other party in the manner provided above for giving notice. 

(d) Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of New
York, without regard to the principles thereof relating to the conflict of laws. 
 (e) Consent to Jurisdiction. Any judicial
proceeding brought against the Executive with respect to this Agreement may be brought in any court of competent jurisdiction in the Borough of Manhattan in the City and State of New York and, by execution and delivery of this Agreement, the
Executive: 

  
 15 

 (i) accepts, generally and unconditionally, the nonexclusive jurisdiction of such courts
and any related appellate courts, and irrevocably agrees to be bound by any final judgment (after exhausting all appeals therefrom or after all time periods for such appeals have expired) rendered thereby in connection with this Agreement; and 

(ii) irrevocably waives any objection the Executive may now or hereafter have as to the venue of any such suit, action or proceeding brought
in such a court or that such court is an inconvenient forum. 
 (f) Severability. The invalidity of any one or more provisions of
this Agreement or any part thereof shall not affect the validity of any other provision of this Agreement or part thereof; and in the event that one or more provisions contained herein shall be held to be invalid, the Agreement shall be reformed to
make such provisions enforceable. 
 (g) Waiver. The Company, in its sole discretion, may waive any of the requirements imposed on
the Executive by this Agreement. The Company, however, reserves the right to deny any similar waiver in the future. Each such waiver must be express and in writing and there will be no waiver by conduct. Pursuit by the Company of any available
remedy, either in law or equity, or any action of any kind, does not constitute waiver of any other remedy or action. Such remedies and actions are cumulative and not exclusive. The Executive’s or the Company’s failure to insist upon
strict compliance with any provision of this Agreement or the failure to assert any right the Executive or the Company may have hereunder, including, without limitation, the right of the Executive to terminate employment for Good Reason or the
Company’s right to terminate the Executive’s employment for Cause, shall not be deemed to be a waiver of such provision or right or any other provision or right of this Agreement. 

(h) Indemnification. As provided for in the separate Indemnification Agreement entered into between the Company and the Executive and
the Company’s governing documents, the Executive shall be entitled to indemnification (and the advancement of expenses) in connection with a threatened, pending or completed action, suit, litigation or proceeding arising out of the
Executive’s acting as Chief Executive Officer or an employee, officer or director of the Company (or at the request of the Corporation as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust,
other enterprise or nonprofit entity, including service with respect to an employee benefit plan), whether the basis of such proceeding is alleged action in an official capacity as a director, officer, employee or agent, or in any other capacity
while serving as a director, officer, employee or agent, to the maximum extent permitted by applicable law; provided, however, that in the event that it is finally determined that the Executive is not entitled to indemnification, the
Executive shall promptly return any advanced amounts to the Company. In addition, the Executive shall be entitled to liability insurance coverage pursuant to a Company-purchased directors’ and officers’ liability insurance policy on the
same basis as other directors and officers of the Company. The Executive’s rights under this Agreement and the Indemnification Agreement shall be cumulative and shall be in addition to all other rights that the Executive may have under
applicable, contract and the Company’s and its affiliates’ governing documents. This Section 7(h) shall survive the termination of this Agreement and the Executive’s termination of employment. 

  
 16 

 (i) Legal Fees. The Company agrees to reimburse the Executive (within 10 days
following the Company’s receipt of an invoice from the Executive), at any time from the effective date of this Agreement through the Executive’s remaining lifetime (or, if longer, through the 20th anniversary of the effective date) to the
fullest extent permitted by law, for all legal fees and expenses that the Executive may reasonably incur as a result of any contest by the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of
this Agreement or any guarantee of performance thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), provided, that the Executive prevails with respect to at least one
substantive issue in dispute. In order to comply with Section 409A, in no event shall the payments by the Company under this Section 7(i) be made later than the end of the calendar year next following the calendar year
in which any such contest is finally resolved, provided, that the 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 contest
is finally resolved. 
 (j) Section Headings. The section headings contained in this Agreement are for reference purposes only and
shall not in any way affect the meaning or interpretation of this Agreement. 
 (k) Withholding. Any payments provided for hereunder
shall be reduced by any amounts required to be withheld by the Company, and any benefits provided hereunder shall be subject to taxation if and to the extent provided, from time to time under applicable Federal, State or local employment or income
tax laws or similar statutes or other provisions of law then in effect. 
 (l) Section 409A of the Code. The provisions of this
Agreement and any payments made herein are intended to comply with, and should be interpreted consistent with, the requirements of Section 409A of the Code and any related regulations or other effective guidance promulgated thereunder
(collectively, “Section 409A”). The time or schedule of a payment to which the Executive is entitled under this Agreement may be accelerated at any time that this Agreement fails to meet the requirements of
Section 409A and any such payment will be limited to the amount required to be included in the Executive’s income as a result of the failure to comply with Section 409A. For purposes of Section 409A, each payment made under this
Agreement will be treated as a separate payment. All reimbursements provided under this Agreement will be made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirement that (i) any
reimbursement is for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses
eligible for reimbursement in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred, and (iv) the right to
reimbursement is not subject to liquidation or exchange for another benefit. Notwithstanding any provision of this Agreement to the contrary, if necessary to comply with the restriction in Section 409A(a)(2)(B) of the Code concerning payments
to “specified employees” (as defined in Section 409A) any payment on account of the Executive’s separation from service that would otherwise be due hereunder within six months after such separation will nonetheless be delayed
until the first business day of the seventh month 

  
 17 

 
following the Executive’s date of termination (or, if earlier, until the date of the Executive’s death) and the first such payment will include the cumulative amount of any payments
that would have been paid prior to such date if not for such restriction, together with interest on such cumulative amount during the period of such restriction at a rate, per annum, equal to the applicable federal short-term rate (compounded
monthly) in effect under Section 1274(d) of the Code on the date of termination. Notwithstanding anything contained herein to the contrary, the Executive will not be considered to have terminated employment with the Company for purposes of
Section 3 hereof unless he would be considered to have incurred a “separation from service” from the Company within the meaning of Section 409A. 

(m) Waiver of Jury Trial. The Company and the Executive hereby waive, as against the other, trial by jury in any judicial proceeding to
which they are both parties involving, directly or indirectly, any matter in any way arising out of, related to or connected with this Agreement. 

(n) Entire Agreement. This Agreement contains the entire understanding, and cancels and supersedes all prior agreements (including, but
not limited to the Amendment of Award dated March 13, 2020) and any agreement in principle or oral statement, letter of intent, statement of understanding or guidelines of the parties hereto with respect to the subject matter hereof.
Notwithstanding the foregoing, this Agreement does not cancel or supersede the Plans, RSUs or the plans referred to in Section 2(e) or the separate Indemnification Agreement entered into between the Company and the
Executive. This Agreement may be amended, supplemented or otherwise modified only by a written document executed by each of the parties hereto or their respective successors or assigns. The Executive acknowledges that the Executive is entering into
this Agreement of the Executive’s own free will and accord with no duress, and that the Executive has read this Agreement and understands it and its legal consequences. 

(o) Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of
which together shall constitute one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission is deemed to have the same legal effect as
delivery of a manually executed copy of this Agreement. 
 [SIGNATURE PAGE TO FOLLOW] 

 

  
 18 

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

			
	KALEYRA, INC.
		
	By:	 	 /s/ Dario Calogero

	Name:	 	Dario Calogero
	Title:	 	Chief Executive Officer and President

  

	
	 /s/ Giacomo Dall’Aglio

	Giacomo Dall’Aglio
	Date: June 1, 2021

 EXHIBIT A 

RELEASE 
 TO ALL TO WHOM
THESE PRESENTS SHALL COME OR MAY CONCERN, KNOW THAT GIACOMO DALL’AGLIO (the “Releasor”), on behalf of the Releasor and the Releasor’s heirs, executors, administrators and legal representatives, in
consideration of the severance to be paid and other benefits to be provided pursuant to Sections 3(b) or 3(f) of the Employment Agreement between the Releasor and Kaleyra Inc., effective as of June 1, 2021 (the
“Agreement”) and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, hereby irrevocably, unconditionally, generally and forever releases and discharges Kaleyra Inc., together with its
current and former affiliates and subsidiaries (the “Company”), each of their respective current and former officers, directors, employees, agents, representatives and advisors and their respective heirs, executors, administrators,
legal representatives, receivers, affiliates, beneficial owners, successors and assigns (collectively, the “Releasees”), from, and hereby waives and settles, any and all, actions, causes of action, suits, debts, promises, damages,
or any liability, claims or demands, known or unknown and of any nature whatsoever and which the Releasor ever had, now has or hereafter can, shall or may have, for, upon, or by reason of any matter, cause or thing whatsoever from the beginning of
the world to the date of this Release arising anywhere in the world, whether directly or indirectly pursuant to or out of the Releasor’s employment with the Company or the termination of such employment (collectively,
“Claims”), including, without limitation, any Claims (i) arising under any international, federal, state, local or other statutes, orders, laws, ordinances, regulations or the like in any jurisdiction world-wide that relate to
the employment relationship and/or worker or workplace protection, and/or specifically prohibit discrimination based upon age, race, religion, gender, national origin, disability, sexual orientation or any other unlawful bases, including, without
limitation, the Age Discrimination in Employment Act of 1967, as amended, Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, as amended, the Civil Rights Acts of 1866 and 1871, as amended, the Americans with
Disabilities Act of 1990, as amended, the Employee Retirement Income Security Act of 1974, as amended, the Family and Medical Leave Act of 1993, as amended, the Older Workers Benefit Protection Act (“OWBPA”), the Equal Pay Act,
Rehabilitation Act of 1973, Sarbanes-Oxley Act of 2002, the Worker Adjustment Retraining and Notification (“WARN”) Act, the New York WARN statute, the New York State and New York City Human Rights Laws, as amended, New York State
Labor Laws, the laws of the State of New York and the City of New York relating to discrimination and employment, including, the, the New York Constitution, and any and all applicable rules and regulations promulgated pursuant to or concerning
any of the foregoing statutes or analogous provisions as may apply anywhere in the world; (ii) arising under or pursuant to any contract, express or implied, written or oral, including, without limitation, the Agreement; (iii) for wrongful
dismissal or termination of employment; (iv) for tort, tortious or harassing conduct, infliction of mental or emotional distress, fraud, libel or slander; and (v) for damages, including, without limitation, punitive or compensatory damages
or for attorneys’ fees, expenses, costs, wages, injunctive or equitable relief. This Release shall not apply to any claim that the Releasor may have for a breach of the Agreement or any plan or program of the Company and its affiliates in
which the Releasor was a participant and has vested benefits. 
  

 The Releasor agrees not to file, assert or commence any Claims against any Releasee with any
federal, state or local court or any administrative or regulatory agency or body in the United States or in any foreign jurisdiction. Releasor agrees to timely execute and honor the terms of any release or documentation required to effectuate a
release of claims in any jurisdiction in which Releasor has performed services on behalf of the Company or its affiliates. Notwithstanding the foregoing, nothing herein shall constitute a release by the Releasor of a claim to the extent such claim
is not waivable as a matter of applicable law. Without limiting the generality of the foregoing, nothing herein shall affect any right to file an administrative charge with the Equal Employment Opportunity Commission or analogous state or local
agency, subject to the restriction that if any such charge is filed, the Releasor agrees not to violate the confidentiality provisions of the Agreement (subject to any rights of the Releasor protected by law) and further agrees and covenants that
should the Releasor or any other person, organization, or other entity file, charge, claim, sue or cause or permit to be filed any charge with the Equal Employment Opportunity Commission, civil action, suit or legal proceeding against the Releasees
(or any of them) involving any matter occurring at any time in the past, the Releasor will not seek or accept any personal relief (including, but not limited to, a monetary award, recovery, relief or settlement) in such charge, civil action, suit or
proceeding. 
 The Releasor represents and warrants that there has been no assignment or other transfer of any interest in any Claim which
the Releasor may have against the Releasees, or any of them. The Releasor hereby waives any right to, and agrees not to, seek reinstatement of the Releasor’s employment with the Company or any Releasee. The Releasor acknowledges that the
amounts to be paid to the Releasor under Sections 3(b) or 3(f) of the Agreement include benefits, monetary or otherwise, which the Releasor has not earned or accrued, or to which the Releasor is not already entitled. 

The Releasor acknowledges that the Releasor was advised by the Company to consult with the Releasor’s attorney concerning the waivers
contained in this Release, that the Releasor has consulted with counsel, and that the waivers the Releasor has made herein are knowing, conscious and with full appreciation that the Releasor is forever foreclosed from pursuing any of the rights so
waived. 
 The Releasor has a period of 21 days from the date on which a copy of this Release has been delivered to the Releasor to consider
whether to sign it. In addition, in the event that the Releasor elects to sign and return to Kaleyra Inc. a copy of this Release, the Releasor has a period of seven days (the “Revocation Period”) following the date of such
return to revoke this Release, which revocation must be in writing and delivered to Kaleyra Inc.,                     ,
                    ,                     ,
Attention:                     , within the Revocation Period. This Release, and the Releasor’s right to receive the amounts paid to the
Releasor under Sections 3(b) or, 3(f), shall not be effective or enforceable until the expiration of the Revocation Period without the Releasor’s exercise of the Releasor’s right of revocation. 

This Release shall not be amended, supplemented or otherwise modified in any way except in a writing signed by the Releasor and Kaleyra, Inc.

  
 2 

 This Release shall be governed by, and construed and enforced in accordance with, the laws
of the State of New York, without reference to its principles of conflicts of law. 
 IN WITNESS WHEREOF, the Releasor has caused
this Release to be executed as of ___________________, 20__. 
 Giacomo Dall’Aglio 

SWORN TO AND SUBSCRIBED 
 BEFORE ME THIS ____ DAY OF 

____________________, 20__. 
 Notary Public 

  
 3Exhibit 4.2

        

       

        

      VERISIGN, INC.

      (as Obligor)

       

      and

       

      U.S. BANK NATIONAL ASSOCIATION

      (as Trustee)

       

      First Supplemental Indenture

       

      Dated as of June 8, 2021

       

      2.700% Senior Notes due 2031

       

      
        
          

      

      TABLE OF CONTENTS

       

      	 	 	 	
              Page

            
	 	 	 	 
	
              ARTICLE I DEFINITIONS

            	
              1

            
	 	
              SECTION 1.1

            	
              Definitions

            	
              1

            
	
              ARTICLE II TERMS OF THE NOTES

            	
              5

            
	 	
              SECTION 2.1

            	
              Title

            	
              5

            
	 	
              SECTION 2.2

            	
              Aggregate Principal Amount

            	
              5

            
	 	
              SECTION 2.3

            	
              Maturity

            	
              6

            
	 	
              SECTION 2.4

            	
              Interest

            	
              6

            
	 	
              SECTION 2.5

            	
              Place of Payment

            	
              6

            
	 	
              SECTION 2.6

            	
              Optional Redemption

            	
              6

            
	 	
              SECTION 2.7

            	
              Change of Control Repurchase

            	
              9

            
	 	
              SECTION 2.8

            	
              Issue Date

            	
              10

            
	 	
              SECTION 2.9

            	
              Issue Price

            	
              10

            
	 	
              SECTION 2.10

            	
              Definitive and Global Notes

            	
              10

            
	 	
              SECTION 2.11

            	
              Denomination

            	
              10

            
	 	
              SECTION 2.12

            	
              Limitation on Liens

            	
              10

            
	 	
              SECTION 2.13

            	
              Limitation on Sale-Leaseback Transactions

            	
              12

            
	 	
              SECTION 2.14

            	
              Amendments to the Base Indenture

            	
              13

            
	 	
              SECTION 2.15

            	
              Counterparts

            	
              14

            

      

      

      EXHIBIT

       

      Exhibit A          Form of Senior Note

       

        

      
        
          

      

      THIS FIRST SUPPLEMENTAL INDENTURE, between VeriSign, Inc., a Delaware corporation (the “Obligor”), having its principal office at 12061
        Bluemont Way, Reston, Virginia 20190, and U.S. Bank National Association, as Trustee (the “Trustee”), is made and entered into as of this 8th day of June, 2021.

       

      RECITALS OF THE OBLIGOR

       

      WHEREAS, the Obligor and the Trustee executed and delivered an Indenture dated as of June 8, 2021 (the “Base Indenture”), to provide for the
        issuance by the Obligor from time to time of debt securities;

       

      WHEREAS, capitalized terms used herein, not otherwise defined, shall have the same meanings given them in the Base Indenture;

       

      WHEREAS, pursuant to a board resolution, the Obligor has authorized the issuance of $750,000,000 of its 2.700% Senior Notes due 2031 (the “Senior
          Notes”); and

       

      WHEREAS, the Obligor desires to establish the terms of the Senior Notes in accordance with Section 2.01 of the Base Indenture;

       

      NOW, THEREFORE, it is mutually agreed as follows:

       

      ARTICLE I

       

      DEFINITIONS

       
        SECTION 1.1          Definitions. For all
            purposes of this First Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires:

         

      

      “Attributable Debt” has the meaning specified in Section 2.13.

       

      “Change of Control” means the occurrence of any of the following: (1)
          any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the
          total voting power of the Voting Stock of the Obligor (or its successor by merger, consolidation or purchase of all or substantially all of its assets), other than a transaction in which (i) the Obligor becomes a wholly owned Subsidiary of a
          holding company and (ii) the direct or indirect holders of the voting stock of such holding company immediately following that transaction are substantially the same as the holders of the voting stock of the Obligor immediately prior to that
          transaction; (2) the adoption of a plan relating to the liquidation or dissolution of the Obligor; or (3) the merger or consolidation of the Obligor with or into another person or the merger of another person

          with or into the Obligor, or the sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation, in one or a series of related transactions) of all or substantially all the assets of the Obligor (determined
          on a consolidated basis) to another person, other than a transaction, in the case of a merger or consolidation transaction, following which holders of securities that represented 100% of the voting stock of the Obligor immediately prior to such
          transaction (or other securities into which such securities are converted as part of such merger or consolidation transaction) own directly or indirectly at least 50% of the voting power of the voting stock of the surviving person in such merger
          or consolidation transaction immediately after such transaction.

       

      
        
          

      

      
      “Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Ratings Event. For the avoidance of doubt, no
        change of control repurchase event will be deemed to have occurred in connection with any particular change of control unless and until such change of control has actually been consummated.

       

      “Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having an actual or
        interpolated maturity comparable to the remaining term of the Senior Notes to be redeemed (assuming for this purpose that the Senior Notes mature on the Par Call Date).

       

      “Comparable Treasury Price” means, with respect to any Redemption Date, (1) the arithmetic average of three Reference Treasury Dealer
        Quotations for such Redemption Date after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Quotation Agent obtains fewer than five Reference Treasury Dealer Quotations, the arithmetic average of all Reference
        Treasury Dealer Quotations for such Redemption Date.

       

      “Consolidated Total Assets” means, as of the time of determination, the consolidated total assets of the Obligor and its consolidated
        Subsidiaries as reflected on the most recent consolidated balance sheet prepared by the Obligor in accordance with GAAP contained in an annual report on Form 10-K or a quarterly report on Form 10-Q timely filed or any amendment thereto (and not
        subsequently disclaimed as not being reliable by the Obligor) prior to the time as of which “Consolidated Total Assets” is being determined; provided that “Consolidated Total Assets” shall be adjusted to give effect to each acquisition and
        disposition of assets other than in the ordinary course of business (including by way of merger) that has occurred since the date of the balance sheet referred to above and on or prior to the time of determination.

       

      “Cooperative Agreement” means that certain Cooperative Agreement No. NCR-92-18742 between VeriSign, Inc. (as successor to Network Solutions,
        Incorporated) and the United States Department of Commerce (as successor to the National Science Foundation), entered into as of January 1, 1993 (as amended from time to time).

       

      “First Supplemental Indenture” means this First Supplemental Indenture, as amended or supplemented from time to time.

       

      “guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness of any other
        Person and any obligation, direct or indirect, contingent or otherwise, of such Person (1) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by virtue of
        partnership arrangements, or by agreement to keep well, to purchase assets, goods, securities or services, to take or pay or to maintain financial statement conditions or otherwise) or (2) entered into for purposes of assuring in any other manner
        the obligee of such Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided, however, that the term “guarantee” will not include endorsements for collection or deposit
        in the ordinary course of business. The term “guarantee,” when used as a verb, has a correlative meaning.

       

      
        2

        
          

      

      “incur” means issue, assume, effect a guarantee or otherwise become liable for.

       

      “Independent Investment Banker” means one of J.P. Morgan Securities LLC, BofA Securities, Inc., U.S. Bancorp Investments, Inc. or their
        respective successors, as may be appointed from time to time by the Obligor.

       

      “Intellectual Property” means the Registry Agreements, the Cooperative Agreement, all intellectual and similar property of every kind and
        nature now owned or hereafter acquired by the Obligor or any Restricted Subsidiary, including inventions, designs, patents, copyrights, trademarks, trade secrets, domain names, confidential or proprietary technical and business information,
        know-how, show-how or other similar data or information, software and databases and all embodiments or fixations thereof and related documentation, all additions, improvements and accessions to any of the foregoing and all registrations for any of
        the foregoing.

       

      “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s); a rating
        of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Obligor.

       

      “Moody’s” means Moody’s Investors Service Inc., or any successor to the rating agency business thereof.

       

      “Par Call Date” of the Senior Notes is March 15, 2031 (three months prior to the Maturity Date of the Senior Notes).

       

      “Principal Facility” means any primary secure data center or resolution site, office space or other facility owned as of the Issue Date of
        the Senior Notes or acquired by the Obligor or any Subsidiary of the Obligor after such date and located in the United States and its territories, other than any facility the net book value (computed in accordance with GAAP) of which, as of the
        time of such determination, does not exceed 1.0% of Consolidated Total Assets of the Obligor.

       

      “Principal Property” means, as the context may require, any real or immovable property forming part of or constituting any or all of any
        Principal Facility.

       

      “Quotation Agent” means the Reference Treasury Dealer appointed by the Obligor.

       

      “Rating Agency” means (1) each of Moody’s and S&P; and (2) if any of Moody’s and S&P ceases to rate the Senior Notes or fails to make
        a rating of the Senior Notes publicly available for reasons outside of the control of the Obligor, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act, selected by the Obligor (as
        certified by a resolution of the Board of Directors of the Obligor) as a replacement for such rating agency.

       

      
        3

        
          

      

      “Ratings Event” means the rating on the Senior Notes is lowered by each of the ratings agencies and the Senior Notes are not rated investment
        grade by each of the rating agencies on any date during the period commencing on the first public announcement by the Obligor of any change of control (or pending change of control) and ending 30 days following consummation of such change of
        control (which period will be extended following consummation of a change of control for so long as any of the rating agencies has publicly announced that it is considering a possible ratings downgrade); provided that a Ratings Event
        otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect to a particular change of control (and thus shall not be deemed a Ratings Event for purposes of the definition of change of control
        repurchase event hereunder) if the rating agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the trustee and the Obligor in writing at its or the Obligor’s request
        that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable change of control (whether or not the applicable change of control shall have occurred at
        the time of the Ratings Event).

       

      “Reference Treasury Dealer” means each of (1) J.P. Morgan Securities LLC and BofA Securities, Inc., or their respective affiliates, and their
        respective successors, (2) a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”) selected by U.S. Bancorp Investments, Inc., or its affiliates and (3) two other Primary Treasury Dealers selected by the
        Obligor and its successors; provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Obligor shall substitute therefor another Primary Treasury Dealer.

       

      “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the arithmetic average,
        as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed, in each case, as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer as of
        5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date.

       

      “Registry Agreements” means those certain Registry Agreements between VeriSign, Inc. and the Internet Corporation for Assigned Names and
        Numbers, entered into as of November 29, 2012 and July 1, 2017, respectively, as amended.

       

      “Remaining Scheduled Payments” means, with respect to any Senior Note to be redeemed, the remaining scheduled payments of the principal
        thereof and interest thereon that would be due after the related Redemption Date to the Par Call Date but for such redemption; provided, however, that, if such Redemption Date is not an Interest Payment Date with respect to such
        Senior Note, the amount of the next scheduled interest payment thereon shall be reduced by the amount of interest accrued thereon to such Redemption Date.

       

      “Restricted Subsidiary” means (i) any Subsidiary of the Obligor that would be a “significant subsidiary” of the Obligor within the meaning
        set forth in Rule 1-02(w)(ii) or (iii) of Regulation S-X under the Exchange Act as in effect on the Issue Date of the Senior Notes and (ii) any other Subsidiary of the Obligor that holds any Principal Property, in the case of each of the foregoing
        clauses (i) and (ii), excluding any Subsidiary that is not organized under the laws of any state of the United States of America or any Subsidiary thereof.

       

      “S&P” means Standard & Poor’s Ratings Group, Inc., or any successor to the rating agency business thereof.

       

      
        4

        
          

      

      “Sale and Leaseback Transaction” has the meaning specified in Section 2.13.

       

       “Senior Notes” has the meaning assigned in the Recitals.

       

      “Treasury Rate” means, with respect to any Redemption Date:

       

      	

            	•	
              the arithmetic mean (rounded to the nearest 1/100th of a percentage point) of the yields for the immediately preceding full week published in the most recent Federal Reserve Statistical Release H.15 (or if such statistical release is no
                longer published, any such other reasonably comparable index published weekly by the Board of Governors of the Federal Reserve System) that has become publicly available prior to the date of determination and which establishes yields on
                actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue; provided that if no maturity is
                within three months before or after the Maturity of the Senior Notes, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be determined and the Treasury Rate shall be interpolated or
                extrapolated from those yields on a straight line basis rounding to the nearest month; or

            

       

      	

            	•	
              if that release, or any successor release, is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable
                Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption Date.

            

       

      The Treasury Rate shall be calculated on the third Business Day preceding the Redemption Date.

       

      “Voting Stock” of any specified Person as of any date means the capital stock of such Person that is at the time entitled to vote generally
        in the election of the board of directors of such Person.

       

      ARTICLE II

       

      TERMS OF THE NOTES

       

        
        SECTION 2.1          Title. The Senior Notes
            shall constitute a series of Notes having the title “2.700% Senior Notes due 2031” and shall be in the form attached as Exhibit A.

         

        SECTION 2.2          Aggregate
              Principal Amount. The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First
            Supplemental Indenture.

         

      

      
        5

        
          

      

      SECTION 2.3          Maturity.
          The entire outstanding principal amount of the Senior Notes shall be payable on June 15, 2031.

       

      SECTION 2.4          Interest.
          The Senior Notes shall accrue interest at a rate of 2.700% per year. Interest shall accrue on the Senior Notes from the most recent Interest Payment Date to or for which interest has been paid or duly provided for (or if no interest has been paid
          or duly provided for, from the Issue Date of the Senior Notes), payable semiannually in arrears on June 15 and December 15 of each year. The Record Dates for payment of interest shall be June 1 and December 1 of each year (whether or not a
          Business Day).

       

      SECTION 2.5          Place of
            Payment. The place where the principal of (and premium, if any) and interest, if any, with respect to the Senior Notes shall be payable shall be the Corporate Trust Office.

       

      SECTION 2.6          Optional Redemption

       

      (a)          If the Obligor elects to
          redeem the Senior Notes pursuant to the optional redemption provisions of Section 2.6(j), it shall provide adequate notice to the Trustee and it shall furnish an (i) Officer’s Certificate setting forth (1) the Redemption Date, (2) the principal
          amount to be redeemed, and (3) the CUSIP and/or ISIN numbers of the Senior Notes and (ii) Opinion of Counsel to the Trustee.

       

      (b)          If fewer than all the Senior
          Notes are to be redeemed, the particular Senior Notes to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the Outstanding Senior Notes not previously called for redemption, by lot or on a pro
          rata basis to the extent practicable, or, in the case of Senior Notes in global form, the Senior Notes will be selected for redemption based on the depositary’s applicable procedures, such method of selection to provide for the selection for
          redemption of portions (equal to the minimum authorized denomination for the Senior Notes or any integral multiple thereof) of the principal amount of Senior Notes of a denomination larger than the minimum authorized denomination for the Senior
          Notes.

       

      (c)          In the case of partial
          redemption by the Obligor, the Trustee shall promptly notify the Obligor in writing of the Senior Notes selected for redemption and the principal amount thereof to be redeemed of each Senior Note if not in global form.

       

      (d)         Notice of any redemption of the
          Senior Notes in connection with a transaction or an event may, at the Obligor’s discretion, be given prior to the completion or the occurrence thereof. Notice of any redemption of the Senior Notes may, at the Obligor’s discretion, be given
          subject to one or more conditions precedent, including, but not limited to, completion of a corporate transaction that is pending (such as an equity or equity-linked offering, an incurrence of Indebtedness or an acquisition or other strategic
          transaction involving a change of control in the Obligor or another entity). If such redemption is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and such notice may be rescinded in
          the event that any or all such conditions shall not have been satisfied or otherwise waived on or prior to the business day immediately preceding the relevant Redemption Date.

       

      
        6

        
          

      

      (e)         For all purposes of this First
          Supplemental Indenture, unless the context otherwise requires, all provisions relating to the redemption of Senior Notes shall relate, in the case of any Senior Note redeemed or to be redeemed only in part, to the portion of the principal of such
          Senior Note which has been or is to be redeemed.

       

      (f)          Notice of redemption to the
          Holders of Senior Notes to be redeemed as a whole or in part at the option of the Obligor shall be given by first-class mail, postage prepaid (or to the extent permitted or required by applicable DTC procedures or regulations with respect to
          global notes, sent electronically) not fewer than 10 nor more than 60 days prior to the Redemption Date, to each such Holder at such Holder’s last address appearing in the Security Register. All notices of redemption shall state:

       

      (i)          the
          Redemption Date;

       

      (ii)         the
          Redemption Price, or if not then ascertainable, the manner of calculating the Redemption Price;

       

      (iii)       if fewer
          than all Outstanding Senior Notes are to be redeemed, the identification (and, in the case of partial redemption, the respective principal amounts) of the Senior Notes to be redeemed from the Holder to whom the notice is given and that on and
          after the Redemption Date, upon surrender of such Senior Note, a new Senior Note or Senior Notes in the aggregate principal amount equal to the unredeemed portion thereof shall be issued in accordance with Section 2.6(i);

       

      (iv)        that on the
          Redemption Date the Redemption Price shall become due and payable upon each Senior Note called for redemption, and that interest, if any, thereon shall cease to accrue from and after said date;

       

      (v)         the place
          where Senior Notes called for redemption are to be surrendered for payment of the Redemption Price, which shall be the office or agency maintained by the Obligor pursuant to Section 9.02 of the Base Indenture;

       

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

       

      (vii)       that the
          Senior Notes called for redemption must be surrendered to the Paying Agent to collect the Redemption Price;

       

      (viii)      any
          condition precedent to the redemption and related information as required by Section 2.6(d); and

       

      (ix)        the CUSIP
          and/or ISIN number, and that no representation is made as to the correctness or accuracy of the CUSIP and/or ISIN number, if any, listed in such notice or printed on the Senior Notes.

       

      Notice of redemption of Senior Notes shall be given by the Obligor or, at the Obligor’s request, by the Trustee in the name and at the expense of the Obligor.

       

      
        7

        
          

      

      (g)        On or prior to 10 a.m., New York
          City time, on any Redemption Date, the Obligor shall deposit with the Trustee or with a Paying Agent (or, if the Obligor is acting as its own Paying Agent, segregate and hold in trust as provided in Section 9.03 of the Base Indenture) an amount
          of money sufficient to pay the Redemption Price of, and accrued interest on, all the Senior Notes which are to be redeemed on that date.

       

      (h)         Notice of redemption having
          been given as aforesaid, the Senior Notes (or portions thereof) so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price plus accrued and unpaid interest to the Redemption Date therein specified and
          from and after such date (unless the Obligor shall default in the payment of the Redemption Price) such Senior Notes shall cease to bear interest. Upon surrender of such Senior Notes for redemption in accordance with the notice, such Senior Notes
          shall be paid by the Obligor at the Redemption Price. Any installment of interest due and payable on or prior to the Redemption Date shall be payable to the Holders of such Senior Notes registered as such on the relevant Record Date according to
          the terms and the provisions of Section 2.06 of the Base Indenture. If any Senior Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until paid, bear interest from the Redemption Date at
          the rate prescribed therefor by the Senior Note.

       

      (i)          Any Senior Note that is to be
          redeemed only in part and is not a Global Note redeemed pursuant to the depository’s applicable procedures shall be surrendered at the office or agency maintained by the Obligor pursuant to Section 9.02 of the Base Indenture (with, if the Obligor
          or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Obligor and the Trustee duly executed by, the Holder thereof or the Holder’s attorney duly authorized in writing) and the Obligor
          shall execute and the Trustee shall authenticate and deliver to the Holder of such Senior Note without service charge and at the expense of the Obligor, a new Senior Note or Senior Notes, of any authorized denomination as requested by such Holder
          in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of such Senior Note so surrendered.

       

      (j)         Prior to the Par Call Date, the
          Obligor may redeem the Senior Notes at its option at any time, either in whole or in part upon at least 10 days, but not more than 60 days, prior notice given by mail (or to the extent permitted or required by applicable DTC procedures or
          regulations with respect to global notes, sent electronically) to the registered address of each Holder of the Senior Notes to be redeemed. If the Obligor elects to redeem the Senior Notes prior to the Par Call Date, it shall pay a Redemption
          Price equal to the greater of the following amounts, plus, in each case, accrued and unpaid interest thereon to, but excluding, the Redemption Date:

       

      (i)          100% of the
          aggregate principal amount of the Senior Notes to be redeemed on the Redemption Date; or

       

      (ii)         the sum of
          the present values of the Remaining Scheduled Payments.

       

      
        8

        
          

      

      In determining the present values of the Remaining Scheduled Payments the Obligor shall discount such payments to the Redemption Date on a semiannual basis (assuming a
        360-day year consisting of twelve 30-day months) using a discount rate equal to the Treasury Rate plus 20 basis points.

       

      In addition, at any time and from time to time, on or after the Par Call Date, the Obligor may redeem the Senior Notes at its option, either in whole or in part, upon
        at least 10 days, but not more than 60 days, prior notice given by mail (or to the extent permitted or required by applicable DTC procedures or regulations with respect to global notes, sent electronically) to the registered address of each Holder
        of the Senior Notes to be redeemed, at a redemption price equal to 100% of the aggregate principal amount of the Senior Notes to be redeemed on the redemption date, plus accrued and unpaid interest on such Senior Notes to, but excluding, the
        Redemption Date. Any redemption pursuant to this Section 2.6(j) shall be made pursuant to the provisions of Section 2.6(a) through (i).

       

      
        SECTION 2.7          Change of Control Repurchase.

      

       

      (a)         If a Change of Control
          Repurchase Event occurs, unless the Obligor has exercised its right to redeem the Senior Notes as set forth in Section 2.6, the Obligor shall be required to make an offer to each Holder of the Senior Notes to repurchase all or any part (in excess
          of $2,000 and in integral multiples of $1,000 in excess thereof) of that Holder’s Senior Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of the Senior Notes repurchased plus any accrued and unpaid
          interest on the Senior Notes repurchased to, but excluding, the date of repurchase.

       

      (b)         Within 30 days following any
          Change of Control Repurchase Event or, at the option of the Obligor, prior to any Change of Control, but after the public announcement of the Change of Control, the Obligor shall mail (or to the extent permitted or required by applicable DTC
          procedures or regulations with respect to global notes, send electronically) a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event
          and offering to repurchase the Senior Notes on the payment date specified in the notice, which date shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed (or to the extent permitted or required by
          applicable DTC procedures or regulations with respect to global notes, sent electronically). The notice shall, if mailed (or to the extent permitted or required by applicable DTC procedures or regulations with respect to global notes, sent
          electronically) prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on a Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice.

       

      (c)         The Obligor shall comply with
          the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations to the extent those laws and regulations are applicable in connection with the repurchase of the Senior Notes as a result of a Change of Control
          Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with this Section 2.7, the Obligor shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its
          obligations under this Section 2.7 by virtue of compliance with such securities laws or regulations.

       

      (d)          On the repurchase date
          following a Change of Control Repurchase Event, the Obligor shall, to the extent lawful:

       

      (i)          accept for
          payment all the Senior Notes or portions of the Senior Notes properly tendered pursuant to its offer;

       

      
        9

        
          

      

      (ii)         deposit
          with the Paying Agent an amount equal to the aggregate purchase price in respect of all the Senior Notes or portions of the Senior Notes properly tendered; and

       

      (iii)        deliver or
          cause to be delivered to the Trustee the Senior Notes properly accepted, together with an Officer’s Certificate stating the aggregate principal amount of Senior Notes being purchased by the Obligor.

       

      (e)         In the event that portions of
          the Senior Notes are properly tendered pursuant to the Obligor’s offer and the Obligor complies with the requirements of Section 2.7(d), the Paying Agent shall promptly pay to each Holder of Senior Notes properly tendered the purchase price for
          the Senior Notes, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Senior Note equal in principal amount to any unpurchased portion of any Senior Notes surrendered.

       

      (f)         The Obligor shall not be
          required to make an offer to repurchase the Senior Notes upon a Change of Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Obligor
          and such third party purchases all Senior Notes properly tendered and not withdrawn under its offer.

       

      (g)         Should the Obligor choose to
          exercise its rights under Section 3.02 of the Base Indenture, it shall no longer be obligated to make an offer to repurchase the Senior Notes following a Change of Control Repurchase Event.

      
          

        SECTION 2.8          Issue
              Date. The Issue Date of the Senior Notes is June 8, 2021; provided that additional Notes, if any, will have a different Issue Date.

         

        SECTION 2.9          Issue
              Price. The issue price of the Senior Notes is 99.712% of the aggregate principal amount of the Senior Notes; provided that additional Notes, if any, may have a different issue price.

         

        SECTION 2.10        Definitive
              and Global Notes. The Senior Notes are issuable in whole or in part in the form of Global Notes and the Depositary for such Global Notes shall be DTC.

         

        SECTION 2.11        Denomination. The Senior Notes
            shall be issued in registered form in denominations of $2,000 and integral multiples of $1,000 in excess thereof.

         

        
          SECTION 2.12         Limitation
                on Liens. The Obligor will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist any lien on any Principal Property or Intellectual Property or upon the
                capital stock of any Restricted Subsidiary to secure any Indebtedness of the Obligor or any Restricted Subsidiary without securing the Senior Notes equally and ratably with such Indebtedness for so long as such Indebtedness shall be so
                secured, subject to certain exceptions. The foregoing shall not apply to:

        

      

      
         

          

      

      
        10

        
          

      

      (1)          liens existing on May 24, 2021;

       

      (2)          liens on assets or property of a Person at the time
          it becomes a Subsidiary or is merged with, amalgamated with or consolidated into the Obligor or a Restricted Subsidiary securing only Indebtedness of such Person; provided such Indebtedness was not incurred in connection with such Person
          or entity becoming a Subsidiary or such merger, amalgamation or consolidation and such liens do not extend to any assets other than those of the Person becoming a Subsidiary (and such Person’s Subsidiaries, as applicable);

       

      (3)          liens existing on assets or property created at the
          time of, or within 18 months after, the acquisition, purchase, lease, improvement or development of such assets or property to secure all or a portion of the purchase price or lease for, or the costs of improvement or development of, such assets
          or property;

       

      (4)          liens to secure any extension, renewal, refinancing
          or refunding (or successive extensions, renewals, refinancings or refundings), in whole or in part, of any Indebtedness secured by liens referred to above or liens created in connection with any amendment, consent or waiver relating to such
          Indebtedness, so long as such lien is limited to all or part of the property which secured (or after-acquired property which was required to secure) the lien extended, renewed or replaced, the amount of Indebtedness secured is not increased
          (other than by the amount equal to any costs and expenses (including any premiums, fees or penalties) incurred in connection with any extension, renewal, refinancing or refunding);

       

      (5)          liens in favor of only the Obligor or one or more
          Subsidiaries granted by the Obligor or a Subsidiary to secure any obligations owed to the Obligor or a Subsidiary of the Obligor;

       

      (6)          liens in favor of the Trustee granted in accordance
          with the Base Indenture;

       

      (7)          carriers’, warehousemen’s, mechanics’,
          materialmen’s, repairmen’s and other like liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested in good faith;

       

      (8)          liens solely on any cash earnest money deposits,
          escrow arrangements or similar arrangements made by the Obligor or any Restricted Subsidiary in connection with any letter of intent or purchase agreement for any acquisition or other transaction permitted hereunder;

       

      (9)          liens on cash or securing hedging obligations not
          entered into for speculative purposes and letters of credit entered into in the ordinary course of business;

       

      (10)        liens that are contractual rights of set-off;

       

      (11)        pledges and deposits made (i) in the ordinary course
          of business in compliance with workers’ compensation, unemployment insurance and other social security laws and (ii) in respect of letters of credit, bank guarantees or similar instruments issued for the account of the Obligor or any Restricted
          Subsidiary in the ordinary course of business supporting obligations of the type set forth in clause (i) above;

       

      
        11

        
          

      

      (12)        pledges and deposits made (i) to secure the
          performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business and (ii) in respect of letters of credit, bank
          guarantees or similar instruments issued for the account of the Obligor or any Restricted Subsidiary in the ordinary course of business supporting obligations of the type set forth in clause (i) above;

       

      (13)        liens for taxes, assessments or other governmental
          charges or levies not yet delinquent by more than 30 days or not yet subject to penalties for nonpayment or that are being contested in good faith by appropriate proceedings and for which the Obligor or any Restricted Subsidiary, as applicable,
          has maintained adequate reserves in accordance with GAAP; and

       

      (14)       liens otherwise prohibited by this Section 2.12,
          securing Indebtedness which, together with the value of Attributable Debt incurred in Sale and Leaseback Transactions permitted under Section 2.13 below, do not exceed the greater of (i) 10% of Consolidated Total Assets measured at the date of
          incurrence of any such lien and (ii) $300.0 million.

       

      
        SECTION 2.13         Limitation

              on Sale-Leaseback Transactions. The Obligor will not, and will not permit any Restricted Subsidiary to, enter into any
              arrangement with any Person pursuant to which the Obligor or any Restricted Subsidiary leases any Principal Property that has been or is to be sold or transferred by the Obligor or the Restricted Subsidiary to such Person (a “Sale and Leaseback Transaction”), except that a Sale and Leaseback Transaction is permitted if the Obligor or such Restricted Subsidiary would be entitled to incur
              Indebtedness secured by a lien on such property to be leased (without equally and ratably securing the outstanding Senior Notes) in an amount equal to the present value of the lease payments with respect to the term of the lease remaining on
              the date as of which the amount is being determined, discounted at the rate of interest set forth or implicit in the terms of the lease, compounded semi-annually (such amount is referred to as the “Attributable

                Debt”). The foregoing shall not apply to:

         

      

      (a)          temporary leases for a term, including renewals at the option of the lessee, of not more than three years;

       

      (b)          leases between only the Obligor and a Subsidiary of the Obligor or only between Subsidiaries of the Obligor;

       

      (c)         leases where the Obligor
          applies within 365 days after the sale an amount equal to the greater of the net proceeds of the sale or the Attributable Debt associated with the property to (i) the retirement of long-term secured
            Indebtedness; or, if the Obligor has no long-term secured Indebtedness outstanding, long-term Indebtedness that is pari passu with the Senior Notes, or (ii) the purchase of additional property or
            assets; and

       

      
        12

        
          

      

      (d)          leases of property executed by the time of, or within 12 months after the latest of, the acquisition, the completion of construction or improvement, or the commencement of commercial operation of the property.

       

      SECTION 2.14        Amendments to the Base Indenture.

       

      (a)          Sub-clause (b) of the first
          paragraph of Section 3.02 of the Base Indenture is hereby amended and restated in its entirety as follows (new text is bolded):

       

      “At the Obligor’s option, either (a) the Obligor shall be deemed to have been Discharged (as defined below) from its obligations with respect to the
        Notes of any series (“Legal Defeasance”) and/or (b) the Obligor shall cease to be under any obligation to comply with any term, provision or condition set forth in Sections 4.01(3) and 9.05 and Sections 2.7,
          2.12 and 2.13 of the First Supplemental Indenture between the Obligor and the Trustee, dated June 8, 2021 (the “First Supplemental Indenture”) (and any other Sections, covenants or Events of Default applicable to such Notes that are
        determined pursuant to Section 2.01 to be subject to this provision) with respect to the Notes of such series at any time after the applicable conditions set forth below have been satisfied (“Covenant Defeasance”):”

       

      (b)          The last sentence of the third
          to last paragraph of Section 3.02 of the Base Indenture is hereby amended and restated in its entirety as follows (new text is bolded):

       

      “If the Obligor exercises its option under Section 3.02(a), payment of the Notes may not be accelerated because of an Event of Default with respect
        thereto.  If the Obligor exercises its option under Section 3.02(b), payment of the Notes may not be accelerated because of an Event of Default specified in Section 4.01(3) and Section 4.01(7) and with respect to Section 7.01 and Section 9.05 and Sections 2.12 and 2.13 of the First Supplemental Indenture, and the Obligor shall no longer be obligated to make an offer under Section 2.7 of the First Supplemental Indenture upon the occurrence of a Change of
          Control Repurchase Event (as defined in the First Supplemental Indenture).”

       

      (c)          In addition to the Events of
          Default set forth in Section 4.01 of the Base Indenture, the Senior Notes shall include the following additional Event of Default designated as clause (8) of such Section, which shall be deemed an Event of Default under Section 4.01 of the Base
          Indenture:

       

      “(8) a failure by the Obligor to repurchase Senior Notes tendered for repurchase following the occurrence of a Change of Control Repurchase Event
        (as defined in the First Supplemental Indenture) in conformity with Section 2.7 of the First Supplemental Indenture.”

       

      (d)          In addition to the actions
          that may be taken without the consent of Holders, the Senior Notes shall include the following clause (12) to Section 8.01 of the Base Indenture:

       

      
        13

        
          

      

      “(12) to conform the Indenture to the section entitled “Description of Notes” in the prospectus supplement dated May 24, 2021 relating to the Senior
        Notes.”

       

      (e)          Section 8.02(4) of the Base
          Indenture is hereby amended and restated in its entirety as follows (new text is bolded):

       

      “(4) reduce the Redemption Price or the repurchase price of any Senior
        Note, change the date on which any Senior Note is subject to redemption or repurchase or add redemption provisions to the Senior Notes;”.

       

      SECTION 2.15        Counterparts. This First Supplemental Indenture and the Senior Notes shall be valid, binding, and enforceable against a party when executed and delivered by an authorized individual on behalf of the party by means
          of (i) an original manual signature, (ii) a faxed, scanned, or photocopied manual signature or (iii) any other electronic signature permitted by the federal Electronic Signatures in Global and National Commerce Act, state enactments of the
          Uniform Electronic Transactions Act, and/or any other relevant electronic signatures law, including any relevant provisions of the Uniform Commercial Code of the State of New York (collectively, “Signature Law”), in each case to the extent
          applicable. Each faxed, scanned, or photocopied manual signature, or other electronic signature of this First Supplemental Indenture or the Senior Notes shall for all purposes have the same validity, legal effect, and admissibility in evidence as
          an original manual signature. Each party hereto shall be entitled to conclusively rely upon, and shall have no liability with respect to, any faxed, scanned, or photocopied manual signature, or other electronic signature, of any other party and
          shall have no duty to investigate, confirm or otherwise verify the validity or authenticity thereof. This First Supplemental Indenture may be executed in any number of counterparts, each of which shall be deemed to be an original, but such
          counterparts shall, together, constitute one and the same instrument.

       

      [Remainder of page intentionally left blank; Signatures follow]

       

      
        14

        
          

      

      	 	
              VERISIGN, INC.

            
	 	 	 
	 	
              By:

            	 
	 	 	
              Name:  George E. Kilguss, III

            
	 	 	
              Title:  Executive Vice President and Chief Financial Officer

            
	 	 	 
	 	
              U.S. BANK NATIONAL ASSOCIATION,

            
	 	
              as Trustee

            
	 	 	 
	 	
              By:

            	 
	 	 	
              Name:  Michael W. McGuire

            
	 	 	
              Title:  Vice President, Global Corporate Trust

            

      

      

      [Signature Page to First Supplemental Indenture]

      

      

      
        
          

      

      EXHIBIT A

      

      

      Form of Senior Note

       

      THIS IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN.

       

      UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW
        YORK, TO THE OBLIGOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
        PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
        HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

       

      TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
        SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

       

      
        
          

      

      
      
        	No.	$

        

        

        	2.700% Senior Notes due 2031
	 
	 	
                CUSIP No.

                ISIN No.

              

      

      

       

      

      VERISIGN, INC., a Delaware corporation, promises to pay to Cede & Co., or registered assigns, the principal sum listed on the Schedule of
        Increases or Decreases in Global Note attached hereto on June 15, 2031.

       

      Interest Payment Dates: June 15 and December 15, commencing            .

       

      Record Dates: June 1 and December 1.

       

      Additional provisions of this Senior Note are set forth on the other side of this Senior Note.

       

      
        A-2

        
          

      

      IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed.

       

      	 	
              VERISIGN, INC.

            
	 	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	Dated:	 	
              Title:

            

      

      

      TRUSTEE’S CERTIFICATE OF AUTHENTICATION

      

      

      U.S. BANK NATIONAL ASSOCIATION,

      as Trustee, certifies that this is one of

      the Senior Notes referred

      to in the First Supplemental Indenture.

      

      

      	
              By:

            	 	 
	 	
              Authorized Signatory

            	 

       

        

      
        A-3

        
          

      

      [REVERSE SIDE OF NOTE]

       

      SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

       

      The initial principal amount of this Global Note is $ . The
          following increases or decreases in this Global Note have been made:

       

      	
              
                Date of Exchange

              

            	 	
              
                Amount of decrease

                 in Principal

                 Amount of this

                 Global Note

              

            	 	
              
                Amount of increase

                 in Principal

                 Amount of this

                 Global Note

              

            	 	
              
                Principal amount of

                 this Global Note

                 following such

                 decrease or increase

              

            	 	
              
                Signature of

                 authorized signatory

                 of Trustee

              

            
	 	 	 	 	 	 	 	 	 

      

      

      
        A-4

        
          

      

      2.700% Senior Notes due 2031

       

      	1.	
              Interest

            

       

      VERISIGN, INC., a Delaware corporation (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein
        called the “Obligor”), promises to pay interest on the principal amount of this Senior Note at the rate per annum shown above. The Obligor shall pay interest semiannually on June 15 and December 15 of each year, commencing . The Record Dates for
        payment of interest shall be June 1 and December 1 of each year (whether or not a Business Day). Interest on this Senior Note shall accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been
        paid or duly provided for, from until the principal hereof is due. Interest shall be computed on the basis of a 360-day year of twelve 30-day months.

       

      	2.	
              Method of Payment

            

       

      The Obligor shall pay interest on this Senior Note (except defaulted interest) to the Persons who are registered Holders at the close of business on
        the Record Date. Holders must surrender this Senior Note to a Paying Agent to collect principal payments. Payments in respect of this Senior Note represented by a Global Note (including principal, premium, if any, and interest) shall be made in
        immediately available funds to DTC or its nominees, as the case may be, as the Holder of such Global Note. The Obligor shall make all payments in respect of any certificated Senior Note in definitive form (including principal, premium, if any, and
        interest) at the office of the Paying Agent, except that, at the option of the Obligor, payment of interest may be made by mailing a check to the registered address of each Holder thereof or, upon request of a Holder of at least $1,000,000
        aggregate principal amount of Senior Notes, by wire transfer to an account located in the United States by the payee.

       

      	3.	
              Paying Agent and Registrar

            

       

      Initially, U.S. Bank National Association, a national banking association (the “Trustee”), shall act as Paying Agent and Registrar. The Obligor may
        act as Paying Agent.

       

      	4.	
              Indenture

            

       

      The Obligor issued this Senior Note under an Indenture dated as of June 8, 2021 (the “Base Indenture”), between the Obligor and the Trustee, as
        supplemented by the First Supplemental Indenture, dated as of June 8, 2021 (the “First Supplemental Indenture”; and the Base Indenture, as supplemented by the First Supplemental Indenture, the “Indenture”). The terms of this Senior Note include
        those stated in the Indenture, and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of the Indenture (the “TIA”). Terms defined in the Indenture and not defined
        herein have the meanings ascribed thereto in the Indenture. This Senior Note is subject to all terms and provisions of the Indenture, and Holders (as defined in the Indenture) are referred to the Indenture and the TIA for a statement of such terms
        and provisions. In the event of a conflict between any provision of this Senior Note and the Indenture, the Indenture shall govern such provision.

       

      
        A-5

        
          

      

      This Senior Note is a senior unsecured obligation of the Obligor of which an unlimited aggregate principal amount may be at any one time
        Outstanding. The Indenture imposes certain limitations on the ability of the Obligor and any Restricted Subsidiary to, among other things, create or incur Liens and enter into certain Sale-Leaseback Transactions. The Indenture also imposes
        limitations on the ability of the Obligor to consolidate or merge with or into any other Person or convey, transfer or lease all or substantially all its property.

       

      	5.	
              Optional Redemption

            

       

      Prior to March 15, 2031 (three months prior to the Maturity Date of the Senior Notes) (the “Par Call Date”), the Obligor may redeem this Senior Note
        at its option at any time in whole or in part upon at least 10 days, but not more than 60 days, prior notice given by mail (or to the extent permitted or required by applicable DTC procedures or regulations with respect to global notes, sent
        electronically) to the registered address of each Holder of the Senior Notes to be redeemed. If the Obligor elects to redeem this Senior Note, it will pay a Redemption Price equal to the greater of the following amounts, plus, in each case,
        accrued and unpaid interest thereon to, but excluding, the Redemption Date:

       

      	

            	•	
              100% of the aggregate principal amount of this Senior Note; or

            

       

      	

            	•	
              the sum of the present values of the Remaining Scheduled Payments.

            

       

      In determining the present values of the Remaining Scheduled Payments the Obligor shall discount such payments to the Redemption Date on a
        semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a discount rate equal to the Treasury Rate plus 20 basis points.

       

      In addition, at any time and from time to time, on or after the Par Call Date, the Obligor may redeem the Senior Notes at its option, either in
        whole or in part, upon at least 10 days, but not more than 60 days, prior notice given by mail (or to the extent permitted or required by applicable DTC procedures or regulations with respect to global notes, sent electronically) to the registered
        address of each Holder of the Senior Notes to be redeemed, at a redemption price equal to 100% of the aggregate principal amount of the Senior Notes to be redeemed on the Redemption Date, plus accrued and unpaid interest on such Senior Notes to,
        but excluding, the Redemption Date.

       

      	6.	
              Sinking Fund

            

       

      This Senior Note is not subject to any sinking fund.

       

      	7.	
              Notice of Redemption

            

       

      If the Obligor elects to redeem this Senior Note, it shall provide adequate notice to the Trustee and it shall furnish an (i) Officer’s Certificate
        setting forth (1) the Redemption Date, (2) the principal amount to be redeemed, and (3) the CUSIP and/or ISIN numbers of the Senior Notes and (ii) Opinion of Counsel to the Trustee.

       

      
        A-6

        
          

      

      Notice of redemption to the Holders of this Senior Note at the option of the Obligor shall be given by first-class mail, postage prepaid (or to the
        extent permitted or required by applicable DTC procedures or regulations with respect to global notes, sent electronically) not fewer than 10 nor more than 60 days prior to the Redemption Date to each such Holder at such Holder’s last address
        appearing in the Senior Note Register.

       

      Notice of any redemption to the Holders of this Senior Note in connection with a transaction or an event may, at the Obligor’s discretion, be given
        prior to the completion or the occurrence thereof. Notice of any redemption to the Holders of this Senior Note may, at the Obligor’s discretion, be given subject to one or more conditions precedent, including, but not limited to, completion of a
        corporate transaction that is pending (such as an equity or equity-linked offering, an incurrence of Indebtedness or an acquisition or other strategic transaction involving a change of control in the Obligor or another entity).  If such redemption
        is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied or otherwise waived on or
        prior to the business day immediately preceding the relevant Redemption Date.

       

      	8.	
              Repurchase of this Senior Note at the Option of Holders upon Change of Control Repurchase Event

            

       

      If a Change of Control Repurchase Event occurs, unless the Obligor has exercised its right to redeem this Senior Note as described in the Indenture,
        the Obligor will be required to make an offer to each Holder of this Senior Note to repurchase all or any part (in excess of $2,000 and in integral multiples of $1,000 in excess thereof) of the applicable percentage of this Senior Note at a
        repurchase price in cash equal to 101% of the aggregate principal amount of such percentage of this Senior Note plus any accrued and unpaid interest on this Senior Note repurchased to, but excluding, the date of repurchase, as provided in,
        and subject to the terms of, the Indenture.

       

      	9.	
              Denominations; Transfer; Exchange

            

       

      Senior Notes may be issued in registered form in denominations of $2,000 and integral multiples of $1,000 in excess thereof. A Holder may transfer
        or exchange this Senior Note in accordance with the Indenture. Upon any transfer or exchange, the Obligor and the Trustee may require a Holder, among other things, to furnish appropriate endorsements or transfer documents and to pay any taxes
        required by law or permitted by the Indenture. The Obligor need not register the transfer of or exchange this Senior Note if selected for redemption (except, in the event it will be redeemed in part, the portion not to be redeemed) or to transfer
        or exchange this Senior Note for a period of 10 days prior to mailing or providing a notice of redemption of Senior Notes to be redeemed.

       

      	10.	
              Persons Deemed Owners

            

       

      With certain exceptions, the registered Holder of this Senior Note may be treated as the owner of it for all purposes.

       

      
        A-7

        
          

      

      	11.	
              Unclaimed Money

            

       

      If money for the payment of principal or interest, if any, remains unclaimed for two years, the Trustee shall pay the money back to the Obligor at
        its request. After any such payment, Holders entitled to the money must look to the Obligor for payment as unsecured general creditors and the Trustee and the Paying Agent shall have no further liability with respect to such monies.

       

      	12.	
              Discharge and Defeasance

            

       

      Subject to certain conditions, the Obligor at any time may terminate some of or all its obligations under this Senior Note and the Indenture if the
        Obligor deposits with the Trustee U.S. dollars or non-callable U.S. Government Obligations for the payment of principal of, premium, if any, and interest on, this Senior Note to redemption or maturity, as the case may be.

       

      	13.	
              Amendment, Waiver

            

       

      Subject to certain exceptions set forth in the Indenture, (i) the Indenture may be amended under certain circumstances with the written consent of
        the Holders of at least a majority in aggregate principal amount of the Outstanding Senior Notes and (ii) certain defaults may be waived with the written consent of the Holders of at least a majority in principal amount of the Outstanding Senior
        Notes. Subject to certain exceptions set forth in the Indenture, without the consent of the Holders of any Senior Notes, the Obligor and the Trustee may amend the Indenture: (i) to evidence the succession of another Person to the Obligor and the
        assumption by any such successor of the covenants of the Obligor under the Indenture and the Senior Notes; (ii) to add to the covenants of the Obligor for the benefit of Holders of the Senior Notes or to surrender any right or power conferred upon
        the Obligor; (iii) to add any additional events of default for the benefit of Holders of the Senior Notes; (iv) to add to or change any of the provisions of the Indenture as necessary to permit or facilitate the issuance of Senior Notes in bearer
        form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate the issuance of Senior Notes in uncertificated form; (v) to secure the Senior Notes or add guarantees with respect to the Senior
        Notes; (vi) to add or appoint a successor or separate Trustee; (vii) to cure any ambiguity, defect or inconsistency; provided that the interests of the Holders of the Senior Notes are not adversely affected in any material respect; (viii)
        to supplement any of the provisions of the Indenture as necessary to permit or facilitate the defeasance and discharge of Senior Notes; provided that the interests of the Holders of the Senior Notes are not adversely affected in any
        material respect; (ix) to make any other change that would not adversely affect the Holders of the Senior Notes; (x) to make any change necessary to comply with any requirement of the Commission in connection with the qualification of the Indenture
        or any supplemental Indenture under the TIA; (xi) to conform the Indenture to the section entitled “Description of Notes” in the prospectus supplement dated May 24, 2021 relating to the Senior Notes; and (xii) to reflect the issuance of additional
        Senior Notes as permitted by Section 2.01 and Section 2.02 of the Base Indenture.

       

      
        A-8

        
          

      

      	14.	
              Defaults and Remedies

            

       

      If any Event of Default (other than an Event of Default relating to certain events of bankruptcy, insolvency or reorganization of the Obligor) with
        respect to this Senior Note occurs and is continuing, then either the Trustee or the Holders of not less than 25% in aggregate principal amount of the Outstanding Senior Notes may declare the principal of all Outstanding Senior Notes, and the
        interest to the date of acceleration, if any, accrued thereon, to be immediately due and payable by notice in writing to the Obligor (and to the Trustee if given by Holders) specifying the Event of Default. If an Event of Default relating to a
        merger or certain events of bankruptcy, insolvency or reorganization of the Obligor occurs, then the principal amount of all the Senior Notes then Outstanding and interest accrued thereon, if any, shall become and be immediately due and payable
        without any declaration or other act on the part of the Trustee or the Holders of the Senior Notes, to the fullest extent permitted by applicable law.

       

      Under certain circumstances, the Holders of a majority in principal amount of the Outstanding Senior Notes may rescind any such acceleration with
        respect to the Senior Notes and its consequences.

       

      No Holder of this Senior Note may institute any action, unless and until: (i) such Holder has given the Trustee written notice of a continuing Event
        of Default with respect to the Senior Notes; (ii) the Holders of at least 25% in aggregate principal amount of the Outstanding Senior Notes have made a written request to the Trustee to institute proceedings in respect of such Event of Default in
        its own name as Trustee hereunder; (iii) such Holder or Holders has or have offered the Trustee such reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request; (iv) the Trustee has failed to
        institute any such proceeding for 60 days after its receipt of such notice, request and offer of indemnity; and (v) no inconsistent direction has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate
        principal amount of the Outstanding Senior Notes.

       

      	15.	
              Trustee Dealings with the Obligor

            

       

      Subject to certain limitations imposed by the TIA, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or
        pledgee of this Senior Note and may otherwise deal with the Obligor with the same rights it would have if it were not Trustee.

       

      	16.	
              Authentication; Counterparts

            

       

      This Senior Note shall be valid, binding, and enforceable against a party when executed and delivered by an authorized individual on behalf of the
        party by means of (i) an original manual signature, (ii) a faxed, scanned, or photocopied manual signature or (iii) any other electronic signature permitted by the federal Electronic Signatures in Global and National Commerce Act, state enactments
        of the Uniform Electronic Transactions Act, and/or any other relevant electronic signatures law, including any relevant provisions of the Uniform Commercial Code of the State of New York, in each case to the extent applicable. Each faxed, scanned,
        or photocopied manual signature, or other electronic signature of this Senior Note shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original manual signature. Each party hereto shall be entitled to
        conclusively rely upon, and shall have no liability with respect to, any faxed, scanned, or photocopied manual signature, or other electronic signature, of any other party and shall have no duty to investigate, confirm or otherwise verify the
        validity or authenticity thereof. This Senior Note may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts shall, together, constitute one and the same instrument.

       

      
        A-9

        
          

      

      	17.	
              Governing Law

            

       

      THIS SENIOR NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

       

      	18.	
              CUSIP and ISIN Numbers

            

       

      The Obligor has caused CUSIP and ISIN numbers to be printed on this Senior Note and has directed the Trustee to use CUSIP and ISIN numbers in
        notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on this Senior Note or as contained in any notice of redemption and reliance may be placed only on the other
        identification numbers placed thereon.

       

       

        

      A-10

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