Document:

EX-4.1

 Exhibit 4.1 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS DEFINED IN
THE INDENTURE) OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A
NOMINEE THEREOF, EXCEPT IN THE CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR, OR IN LIEU OF, THIS SECURITY WILL BE A GLOBAL SECURITY SUBJECT TO THE
FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 

 UNITED PARCEL SERVICE, INC. 

 

			
	 No.   1
	 	$118,180,000
	 CUSIP: 911312AW6
 ISIN: US911312AW60
	 	

 Floating Rate Senior Notes due 2066 

United Parcel Service, Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company”,
which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of One Hundred Eighteen Million One Hundred Eighty
Thousand Dollars ($118,180,000), or such other principal amount as may be set forth in the records of the Securities Registrar hereinafter referred to in accordance with the Indenture, on March 15, 2066 and to pay interest thereon from the
original issue date or from the most recent date to which interest has been paid or duly provided for, on March 15, June 15, September 15 and December 15 of each year and on any maturity date (each, an “Interest
Payment Date”), commencing June 15, 2016 and ending on the maturity date. Interest on the Securities will be computed on the basis of the actual number of days elapsed over a 360-day year. The interest so payable and punctually paid or
duly provided for on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such
interest, which shall be the March 1, June 1, September 1 or December 1, as applicable (in each case, whether or not a Business Day), as the case may be, next preceding such Interest Payment Date; provided, however,
that interest payable on any maturity date shall be payable to the Person to whom the principal of this Security shall be payable. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on
such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be set by
the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

Interest payable on any Interest Payment Date or maturity date shall be the amount of interest accrued from, and including, the immediately
preceding Interest Payment Date in respect of which interest has been paid or duly provided for (or from and including the original issue date, if no interest has been paid or duly provided for with respect to the Securities) to, but excluding, such
Interest Payment Date or maturity date, as the case may be. If any Interest Payment Date (other than the maturity date) is not a Business Day at the relevant place of payment, the Company will pay interest on the next day that is a Business Day at
such place of payment as if payment were made on the date such payment was due, except that if such Business Day is in the immediately succeeding calendar month, such Interest Payment Date (other than the maturity date) shall be the immediately
preceding Business Day. If the maturity date of the Securities is not a Business Day at the relevant place of payment, the Company will 

 
pay interest, if any, and principal and premium, if any, on the next day that is a Business Day at such place of payment as if payment were made on the date such payment was due, and no interest
will accrue on the amounts so payable for the period from and after such date to the immediately succeeding Business Day. 
 “Business
Day” means any day (1) that is not a Saturday or Sunday and that is not a day on which banking institutions are authorized or obligated by law or executive order to close in The City of New York and, for any place of payment outside of The
City of New York, in such place of payment, and (2) that is also a “London business day”, which is a day on which dealings in deposits in U.S. dollars are transacted in the London interbank market. 

The term “maturity,” when used with respect to a Security, means the date on which the principal of such Security or an installment
of principal becomes due and payable as therein provided or as provided in the indenture, whether at the stated maturity or by declaration of acceleration, call for redemption, repayment or otherwise. 

The interest rate on the Securities will be reset quarterly on March 15, June 15, September 15 and December 15 of each
year, as applicable, commencing June 15, 2016 (each, an “Interest Reset Date”). The Securities will bear interest at a per annum rate equal to three-month LIBOR (as defined below) for the applicable Interest Reset Period or Initial
Interest Period (each as defined below) minus 0.30% (30 basis points); provided, that the rate shall not be less than 0.00%. The interest rate for the Initial Interest Period will be three-month LIBOR, determined as of two London business days prior
to the original issue date, minus 0.30% per annum. The “Initial Interest Period” will be the period from and including the original issue date to but excluding the initial Interest Reset Date. Thereafter, each “Interest Reset
Period” will be the period from and including an Interest Reset Date to but excluding the immediately succeeding Interest Reset Date; provided that the final Interest Reset Period for the Securities will be the period from and including
the Interest Reset Date immediately preceding the maturity date of such Securities to but excluding the maturity date. 
 If any Interest
Reset Date would otherwise be a day that is not a Business Day, the Interest Reset Date will be postponed to the immediately succeeding day that is a Business Day, except that if that Business Day is in the immediately succeeding calendar month, the
Interest Reset Date shall be the immediately preceding Business Day. 
 The interest rate in effect on each day will be (i) if that day
is an Interest Reset Date, the interest rate determined as of the Interest Determination Date (as defined below) immediately preceding such Interest Reset Date or (ii) if that day is not an Interest Reset Date, the interest rate determined as
of the Interest Determination Date immediately preceding the most recent Interest Reset Date or the original issue date, as the case may be. 

The interest rate applicable to each Interest Reset Period commencing on the related Interest Reset Date, or the original issue date in the
case of the Initial Interest Period, will be the rate determined as of the applicable Interest Determination Date. The “Interest Determination Date” will be the second London business day immediately preceding the original issue date, in
the case of the initial Interest Reset Period, or thereafter the applicable Interest Reset Date. 

 The Bank of New York Mellon Trust Company, N.A., or its successor appointed by the Company, will
act as calculation agent. Three-month LIBOR will be determined by the calculation agent as of the applicable Interest Determination Date in accordance with the following provisions: 

(i) With respect to an Interest Determination Date, LIBOR will be the rate for deposits in U.S. dollars having a maturity of three months
commencing on the Interest Reset Date that appears on the designated LIBOR page as of approximately 11:00 a.m., London time, on that Interest Determination Date. If no rate appears, LIBOR, in respect of that Interest Determination Date, will be
determined as follows: the calculation agent shall request the principal London offices of each of four major reference banks in the London interbank market, as selected and identified by the Company to provide the calculation agent with its offered
quotation for deposits in U.S. dollars for the period of three months, commencing on the Interest Reset Date, to prime banks in the London interbank market at approximately 11:00 a.m., London time, on that Interest Determination Date and in a
principal amount that is representative for a single transaction in U.S. dollars in that market at that time. If at least two quotations are provided, then LIBOR on that Interest Determination Date will be the arithmetic mean of those quotations. If
fewer than two quotations are provided, then LIBOR on the Interest Determination Date will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., New York City time, on the Interest Determination Date by three major banks in The
City of New York selected and identified by the Company for loans in U.S. dollars to leading European banks, having a three-month maturity and in a principal amount that is representative for a single transaction in U.S. dollars in that market at
that time; provided, however, that if the banks selected and identified by the Company are not providing quotations in the manner described by this sentence, LIBOR for such Interest Determination Date will be LIBOR determined with respect to the
immediately preceding Interest Determination Date. 
 (ii) The designated LIBOR page is the Reuters screen “LIBOR01”, or any
successor service for the purpose of displaying the London interbank rates of major banks for U.S. dollars. The Reuters screen “LIBOR01” is the display designated as the Reuters screen “LIBOR01”, or such other page as may replace
the Reuters screen “LIBOR01” on that service or such other service or services as may be nominated for the purpose of displaying London interbank offered rates for U.S. dollar deposits by ICE Benchmark Administration Limited
(“IBA”) or its successor or such other entity assuming the responsibility of IBA or its successor in calculating the London Interbank Offered Rate in the event IBA or its successor no longer does so. 

All percentages resulting from any calculation of any interest rate for the Securities will be rounded, if necessary, to the nearest one
hundred thousandth of a percentage point, with five one-millionths of a percentage point rounded upward (e.g., 9.876545% (or .09876545) would be rounded to 9.87655% (or .0987655)), and all dollar amounts will be rounded to the nearest cent, with
one-half cent being rounded upward. Any percentage resulting from any calculation of any interest rate for the Securities less than 0.00% will be deemed to be 0.00% (or .000). 

Promptly upon such determination, the calculation agent will notify the Company and the Trustee (if the calculation agent is not the Trustee)
of the interest rate for the new Interest Reset Period. Upon request of a Holder of the Securities, the calculation agent will provide to such Holder the interest rate in effect on the date of such request and, if determined, the interest rate for
the next Interest Reset Period. 

 All calculations made by the calculation agent for the purposes of calculating interest on the
Securities shall be conclusive and binding on the Holders and the Company, absent manifest errors. 
 Delivery of the Maturity Consideration
and payment of interest on this Security will be made at the office or agency of the Company maintained for that purpose in the Borough of Manhattan, The City of New York, and payment of interest on this Security and the Maturity Consideration will
be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company, payment of interest may be made by check mailed
to the address of the Person entitled thereto as such address shall appear in the Security Register. 
 Reference is hereby made to the
further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this
Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	Dated:
                                    	 	
		 	UNITED PARCEL SERVICE, INC.
		
		 	By:
                                         
       

					
			
	Attest:	 		 	
			
	  
	 		 	

 REVERSE OF SECURITY 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of August 26, 2003 (as supplemented, herein called the “Indenture”, which term shall have the meaning assigned to it in such instrument), between the Company and The Bank of
New York Mellon Trust Company, N.A. (as successor to Citibank, N.A.), as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of
the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security
is one of the series designated on the face hereof. 
 The Securities of this series may be redeemed at any time, at the option of the
Company, in whole or in part, in amounts of $1,000 or any multiple of $1,000 in excess thereof, at the following Redemption Prices (in each case expressed as a percentage of the principal amount), if redeemed during the 12-month period beginning on
March 15 of any of the following years: 
  

					
	 Year
	  	Price	 
	 2046
	  	 	105.00%	  
	 2047
	  	 	104.50%	  
	 2048
	  	 	104.00%	  
	 2049
	  	 	103.50%	  
	 2050
	  	 	103.00%	  
	 2051
	  	 	102.50%	  
	 2052
	  	 	102.00%	  
	 2053
	  	 	101.50%	  
	 2054
	  	 	101.00%	  
	 2055
	  	 	100.50%	  
	 2056
	  	 	100.00%	  

 and thereafter at 100% of the principal amount, in each case, together with any accrued and unpaid interest to the Redemption
Date (subject to the right of Holders of record on the relevant Regular Record Dates to receive interest due on an Interest Payment Date). 

The Company must mail notice of any redemption at least 30 days but not more than 60 days before the Redemption Date to each Holder of the
Securities to be redeemed. Unless the Company defaults in the payment of the Redemption Price, on and after the Redemption Date, interest will cease to accrue on the Securities or portions of the Securities called for redemption. 

In the event of any redemption of less than all the outstanding Securities, the particular Securities (or portions of Securities in multiples
of $1,000) to be redeemed shall be selected by the Trustee by the method the Trustee considers fair and appropriate. In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the
unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 

 The Securities of this series will be repayable at the option of the Holder, in whole or in part,
on the repayment dates and at the repayment prices (in each case expressed as a percentage of the principal amount) set forth in the following table: 
  

					
	 Date
	  	Redemption
Price	 
	 March 15, 2017
	  	 	98.00%	 
	 March 15, 2018
	  	 	98.00%	 
	 March 15, 2019
	  	 	98.00%	 
	 March 15, 2020
	  	 	98.00%	 
	 March 15, 2021
	  	 	98.00%	 
	 March 15, 2022
	  	 	99.00%	 
	 March 15, 2023
	  	 	99.00%	 
	 March 15, 2024
	  	 	99.00%	 
	 March 15, 2025
	  	 	99.00%	 
	 March 15, 2026
	  	 	99.00%	 
	 March 15, 2027
	  	 	100.00%	 

 and on March 15 of every third year thereafter at 100% of the principal amount, through and including March 15,
2063, in each case, together with any accrued and unpaid interest to the redemption date (subject to the rights of Holders of record on relevant Regular Record Dates to receive interest due on an Interest Payment Date). 

In order for a Security to be repaid, the paying agent must receive, at least 30 but not more than 60 calendar days before the optional
repayment date, (1) the Security with the form entitled “Option to Elect Repayment” on the reverse of the Security duly completed or (2) a telegram, facsimile transmission or a letter from a member of a national securities
exchange or a member of the Financial Industry Regulatory Authority, Inc. or a commercial bank or trust company in the United States which must set forth: 

(i) the name of the Holder of the Security; 

(ii) the principal amount of the Security; 

(iii) the principal amount of the Security to be repaid; 

(iv) the certificate number or a description of the tenor and terms of the Security; 

(v) a statement that the option to elect repayment is being exercised; and 

(vi) a guarantee that the Security is to be repaid. 

These items, together with the duly completed form entitled “Option to Elect Repayment” on the reverse of the Security, must be
received by the paying agent not later than the fifth Business Day after the date of that telegram, facsimile transmission or letter. The repayment option may be exercised by the Holder of a Security for less than the entire principal amount of the
Security but, in that event, the principal amount of the Security remaining outstanding after repayment must be in an authorized denomination. 

 If a Tax Event occurs, the Company may shorten the maturity of the Securities, without the
consent of the Holders, to the minimum extent required, in the opinion of nationally recognized independent tax counsel, so that, after shortening the maturity, interest paid on the Securities will be deductible for United States Federal income tax
purposes or, if that counsel cannot opine definitively as to such a minimum period, the minimum extent so required to maintain the Company’s interest deduction to the extent deductible under current law as determined in good faith by the Board
of Directors, after receipt of an opinion of counsel regarding the applicable legal standards. In that case, the amount payable on those Securities on that new maturity date will be equal to 100% of the principal amount of those Securities plus
interest accrued on those Securities to the date those Securities mature on that new maturity date. If the Company elects to exercise its right to shorten the maturity of the Securities when a Tax Event occurs, the Company will mail a notice to each
Holder by first-class mail not more than 60 days after the occurrence of the Tax Event, stating the new maturity date of the Securities. This notice shall be effective immediately upon mailing. 

“Tax Event” means that the Company shall have received an opinion of nationally recognized independent tax counsel to the effect
that, as a result of: 
  

	 	(i)	any amendment to, clarification of, or change (including any announced prospective amendment, clarification or change) in any law, or any regulation thereunder, of the United States; 

 

	 	(ii)	any judicial decision, official administrative pronouncement, ruling, regulatory procedure, regulation, notice or announcement, including any notice or announcement of intent to adopt or promulgate any ruling,
regulatory procedure or regulation (any of the foregoing, an “administrative or judicial action”); or 

  

	 	(iii)	any amendment to, clarification of, or change in any official position with respect to, or any interpretation of, an administrative or judicial action or a law or regulation of the United States that differs from the
previously generally accepted position or interpretation, 

 in each case, occurring on or after April 1, 2016, there is more than an
insubstantial increase in the risk that interest paid by the Company on the Securities is not, or will not be, deductible, in whole or in part, by the Company for United States Federal income tax purposes. 

The Company will not create, assume, incur or guarantee, and will not permit any Restricted Subsidiary to create, assume, incur or guarantee,
any Secured Indebtedness without making provision whereby this Security shall be secured equally and ratably with, or prior to, such Secured Indebtedness, together with, if the Company shall so determine, any other Indebtedness of the Company or any
Restricted Subsidiary then existing or thereafter created that is not subordinate to this Security, so long as the Secured Indebtedness shall be outstanding, unless such Secured Indebtedness, when added to (a) the aggregate amount of all
Secured 

 
Indebtedness then outstanding (not including in this computation Secured Indebtedness if this Security is secured equally and ratably with (or prior to) such Secured Indebtedness and further not
including in this computation any Secured Indebtedness that is concurrently being retired) and (b) the aggregate amount of all Attributable Debt then outstanding pursuant to Sale and Leaseback Transactions entered into by the Company after
January 26, 1999, or entered into by a Restricted Subsidiary after January 26, 1999 or, if later, the date on which it became a Restricted Subsidiary (not including in this computation any Attributable Debt that is concurrently being
retired), would not exceed 10% of Consolidated Net Tangible Assets. 
 The Company will not, and will not permit any Restricted Subsidiary
to, enter into any Sale and Leaseback Transaction unless (a) the sum of (i) the Attributable Debt to be outstanding pursuant to such Sale and Leaseback Transaction, (ii) all Attributable Debt then outstanding pursuant to all other
Sale and Leaseback Transactions entered into by the Company after January 26, 1999, or entered into by a Restricted Subsidiary after January 26, 1999 or, if later, the date on which it became a Restricted Subsidiary, and (iii) the
aggregate of all Secured Indebtedness then outstanding (not including in this computation Secured Indebtedness if this Security is secured equally and ratably with (or prior to) such Secured Indebtedness) would not exceed 10% of Consolidated Net
Tangible Assets, or (b) an amount equal to the greater of (i) the net proceeds to the Company or the Restricted Subsidiary of the sale of the Principal Property sold and leased back pursuant to such Sale and Leaseback Transaction and
(ii) the amount of Attributable Debt to be outstanding pursuant to such Sale and Leaseback Transaction is applied to the retirement of Funded Debt of the Company or any Restricted Subsidiaries (other than Funded Debt that is subordinate to this
Security or is owing to the Company or any Restricted Subsidiaries or is scheduled to mature within one year after consummation of such Sale and Leaseback Transaction) within 180 days after the consummation of such Sale and Leaseback Transaction.

 Default in the performance, or breach, of either of the covenants set forth in the preceding two paragraphs will be an “Event of
Default” under Section 5.01 of the Indenture, and the covenants set forth in the preceding two paragraphs will be subject to defeasance in accordance with Section 13.03 of the Indenture. 

“Attributable Debt” means, as of the date of its determination, the present value (discounted semiannually at an interest rate of
7.0% per annum) of the obligation of a lessee for rental payments pursuant to any Sale and Leaseback Transaction (reduced by the amount of the rental obligations of any sublessee of all or part of the same property) during the remaining term of
such Sale and Leaseback Transaction (including any period for which the lease relating thereto has been extended), such rental payments not to include amounts payable by the lessee for maintenance and repairs, insurance, taxes, assessments and
similar charges and for contingent rents (such as those based on sales). In the case of any Sale and Leaseback Transaction in which the lease is terminable by the lessee upon the payment of a penalty, such rental payments shall be considered for
purposes of this definition to be the lesser of the discounted values of (a) the rental payments to be paid under such Sale and Leaseback Transaction until the first date (after the date of such determination) upon which it may be so terminated
plus the then applicable penalty upon such termination, and (b) the rental payments required to be paid during the remaining term of such Sale and Leaseback Transaction (assuming such termination provision is not exercised). 

 “Capitalized Lease Obligation” means any obligation to pay rent or other amounts under
a lease of (or other agreement conveying the right to use) real or personal property that is required to be classified and accounted for as a capital lease obligation under generally accepted accounting principles, and, for the purposes of this
Security, the amount of such obligation at any date shall be the capitalized amount thereof at such date, determined in accordance with such principles. 

“Consolidated Net Tangible Assets” means at any date, the total assets appearing on the Company’s most recently prepared
consolidated balance sheet as of the end of the Company’s fiscal quarter, prepared in accordance with generally accepted accounting principles, less (a) all current liabilities as shown on such balance sheet and (b) Intangible Assets.

 “Funded Debt” means any indebtedness maturing by its terms more than one year from its date of issue, including any
indebtedness renewable or extendable at the option of the obligor to a date later than one year from the date of the original issuance thereof. 

“Indebtedness” means (a) any liability of any Person (i) for borrowed money, or under any reimbursement obligation
relating to a letter of credit, (ii) evidenced by a bond, note, debenture or similar instrument, including a purchase money obligation, given in connection with the acquisition of any businesses, properties or assets of any kind or with
services incurred in connection with capital expenditures, other than a trade payable or a current liability arising in the ordinary course of business, or (iii) for the payment of money relating to a Capitalized Lease Obligation, or
(iv) for Interest Rate Protection Obligations; (b) any liability of others described in the preceding clause (a) that the Person has guaranteed or that is otherwise its legal liability; and (c) any amendment, supplement,
modification, deferral, renewal, extension or refunding of any liability of the types referred to in clauses (a) and (b) above. 

“Intangible Assets” means at any date the value (net of any applicable reserves), as shown on or reflected in the Company’s
most recently prepared consolidated balance sheet, prepared in accordance with generally accepted accounting principles, of: (a) all trade names, trademarks, licenses, patents, copyrights and goodwill; (b) organizational and development
costs; (c) deferred charges (other than prepaid items such as insurance, taxes, interest, commissions, rents and similar items and tangible assets being amortized); and (d) unamortized debt discount and expense, less unamortized premium.

 “Interest Rate Protection Obligations” of any Person means the obligations of such Person pursuant to any arrangement with any
other Person whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such Person
calculated by applying a floating rate of interest on the same notional amount. 
 “Liens” means any mortgage, lien, pledge,
security interest, charge or encumbrance. 
 “Principal Property” means any land, land improvements, buildings and associated
factory, distribution, laboratory and office equipment (excluding any motor vehicles, aircraft, mobile materials handling equipment, data processing equipment and rolling stock) constituting a distribution facility, operating facility, manufacturing
facility, development facility, warehouse 

 
facility, service facility or office facility (including any portion thereof), which facility (a) is owned by or leased to the Company or any Restricted Subsidiary, (b) is located
within the United States and (c) has an acquisition cost plus capitalized improvements in excess of 0.50% of Consolidated Net Tangible Assets as of the date of such determination, other than (i) any such facility, or portion thereof, which
has been financed by obligations issued by or on behalf of a State, a Territory or a possession of the United States, or any political subdivision of any of the foregoing, or the District of Columbia, the interest on which is excludable from gross
income of the holders thereof (other than a “substantial user” of such facility or a “related Person” as those terms are used in Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”)) pursuant
to the provisions of Section 103 of the Code (or any similar provision hereafter enacted) as in effect at the time of issuance of such obligations, (ii) any such facility that the Board of Directors may by Board Resolution declare is not
of material importance to the Company and the Restricted Subsidiaries taken as a whole and (iii) any such facility, or portion thereof, owned or leased jointly or in common with one or more Persons other than the Company and any Subsidiary and
in which the interest of the Company and all Subsidiaries does not exceed 50%. 
 “Restricted Securities” means any shares of the
capital stock or Indebtedness of any Restricted Subsidiary. 
 “Restricted Subsidiary” means (a) any Subsidiary
(i) which has substantially all its property within the United States of America, (ii) which owns or is a lessee of any Principal Property and (iii) in which the investment of the Company and all other Subsidiaries exceeds 0.50% of
Consolidated Net Tangible Assets as of the date of such determination; provided, however, that the term “Restricted Subsidiary” shall not include: (A) any Subsidiary (x) primarily engaged in the business of purchasing, holding,
collecting, servicing or otherwise dealing in and with installment sales contracts, leases, trust receipts, mortgages, commercial paper or other financing instruments, and any collateral or agreements relating thereto, including in the business,
individually or through partnerships, of financing, whether through long- or short-term borrowings, pledges, discounts or otherwise, the sales, leasing or other operations of the Company and the Subsidiaries or any of them, or (y) engaged in
the business of financing the assets and operations of third parties, and (z) in any case, not, except as incidental to such financing business, engaged in owning, leasing or operating any property which, but for this proviso, would qualify as
Principal Property or (B) any Subsidiary acquired or organized after January 26, 1999, for the purpose of acquiring the stock or business or assets of any Person other than the Company or any Restricted Subsidiary, whether by merger,
consolidation, acquisition of stock or assets or similar transaction analogous in purpose or effect, so long as such Subsidiary does not acquire by merger, consolidation, acquisition of stock or assets or similar transaction analogous in purpose or
effect all or any substantial part of the business or assets of the Company or any Restricted Subsidiary; and (b) any other Subsidiary that is hereafter designated by the Board of Directors as a Restricted Subsidiary. 

“Sale and Leaseback Transaction” means any arrangement with any Person providing for the leasing by the Company or any Restricted
Subsidiary of any Principal Property (whether such Principal Property is now owned or hereafter acquired) that has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person, other than (a) leases for a
term, including renewals at the option of the lessee, of not more than three years; (b) leases between the Company and a Restricted Subsidiary or between Restricted Subsidiaries and (c)

 
leases of Principal Property executed by the time of, or within 180 days after the latest of, the acquisition, the completion of construction or improvement (including any improvements on
property that will result in such property becoming a Principal Property), or the commencement of commercial operation of such Principal Property. 

“Secured Indebtedness” means (a) Indebtedness of the Company or a Restricted Subsidiary that is secured by any Lien upon any
Principal Property or Restricted Securities, and (b) Indebtedness of the Company or a Restricted Subsidiary in respect of any conditional sale or other title retention agreement covering Principal Property or Restricted Securities; but
“Secured Indebtedness” shall not include any of the following: 
 (a) Indebtedness of the Company and the
Restricted Subsidiaries outstanding on January 26, 1999, secured by then existing Liens upon, or incurred in connection with conditional sales agreements or other title retention agreements with respect to Principal Property or Restricted
Securities; 
 (b) Indebtedness that is secured by (i) purchase money Liens upon Principal Property acquired after
January 26, 1999, (ii) Liens placed on Principal Property after January 26, 1999, during construction or improvement thereof (including any improvements on property which will result in such property becoming Principal Property) or
placed thereon within 180 days after the later of acquisition, completion of construction or improvement or the commencement of commercial operation of such Principal Property or improvement, or placed on Restricted Securities acquired after
January 26, 1999 or (iii) conditional sale agreements or other title retention agreements with respect to any Principal Property or Restricted Securities acquired after January 26, 1999, if (in each case referred to in this
subparagraph (b)) (x) such Lien or agreement secures all or any part of the Indebtedness incurred for the purpose of financing all or any part of the purchase price or cost of construction of such Principal Property or improvement or Restricted
Securities and (y) such Lien or agreement does not extend to any Principal Property or Restricted Securities other than the Principal Property so acquired or the Principal Property, or portion thereof, on which the property so constructed or
such improvement is located; provided, however, that the amount by which the aggregate principal amount of Indebtedness secured by any such Lien or agreement exceeds the cost to the Company or such Restricted Subsidiary of the related acquisition,
construction or improvement will be considered to be “Secured Indebtedness;” 
 (c) Indebtedness that is secured by
Liens on Principal Property or Restricted Securities, which Liens exist at the time of acquisition (by any manner whatsoever) of such Principal Property or Restricted Securities by the Company or a Restricted Subsidiary; 

(d) Indebtedness of Restricted Subsidiaries owing to the Company or any other Restricted Subsidiary and Indebtedness of the
Company owing to any Restricted Subsidiary; 
 (e) In the case of any corporation that becomes (by any manner whatsoever) a
Restricted Subsidiary after January 26, 1999, Indebtedness that is secured by Liens upon, or conditional sale agreements or other title retention agreements with respect to, its property that constitutes Principal Property or Restricted
Securities, which Liens exist at the time such corporation becomes a Restricted Subsidiary; 

 (f) Guarantees by the Company of Secured Indebtedness and Attributable Debt of
any Restricted Subsidiaries and guarantees by a Restricted Subsidiary of Secured Indebtedness and Attributable Debt of the Company and any other Restricted Subsidiaries; 

(g) Indebtedness arising from any Sale and Leaseback Transaction; 

(h) Indebtedness secured by Liens on property of the Company or a Restricted Subsidiary in favor of the United States of
America, any State, Territory or possession thereof, or the District of Columbia, or any department, agency or instrumentality or political subdivision of the United States of America or any State, Territory or possession thereof, or the District of
Columbia, or in favor of any other country or any political subdivision thereof, if such Indebtedness was incurred for the purpose of financing all or any part of the purchase price or the cost of construction of the property subject to such Lien;
provided, however, that the amount by which the aggregate principal amount of Indebtedness secured by any Lien exceeds the cost to the Company or the Restricted Subsidiary of the related acquisition or construction will be considered to be
“Secured Indebtedness”; 
 (i) Indebtedness secured by Liens on aircraft, airframes or aircraft engines, aeronautic
equipment or computers and electronic data processing equipment; and 
 (j) The replacement, extension or renewal, or
successive replacements, extensions or renewals, of any Indebtedness, in whole or in part, excluded from the definition of “Secured Indebtedness” by subparagraphs (a) through (i) above; provided, however, that no Lien securing,
or conditional sale or title retention agreement with respect to, such Indebtedness will extend to or cover any Principal Property or any Restricted Securities, other than such property that secured the Indebtedness so replaced, extended or renewed,
plus improvements on or to any such Principal Property, provided further, however, that to the extent that such replacement, extension or renewal increases the principal amount of Indebtedness secured by such Lien or is in a principal amount in
excess of the principal amount of Indebtedness excluded from the definition of “Secured Indebtedness” by subparagraphs (a) through (i) above, the amount of such increase or excess will be considered to be “Secured
Indebtedness.” 
 In no event shall the foregoing provisions be interpreted to mean that the same Indebtedness is included more than
once in the calculation of “Secured Indebtedness” as that term is used in this Security, nor shall their operation cause this result. 

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series issued under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of a majority in aggregate principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains 

 
provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of
such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any
proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to
the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made a written request to the Trustee to institute proceedings in respect of such Event of
Default as Trustee and offered the Trustee indemnity satisfactory to the trustee, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for
the enforcement of any payment or delivery of the Maturity Consideration hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall affect or impair the obligation of the
Company, which is absolute and unconditional, to pay the Maturity Consideration and interest on this Security at the times, place and rate, and in the manner, herein prescribed. 

As provided in the Indenture and subject to certain limitations set forth therein and in this Security, the transfer of this Security is
registrable in the Security Register upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the Maturity Consideration and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and
of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiples of
$1,000 in excess thereof. As provided in the Indenture and subject to certain limitations set forth therein, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor in different
authorized denomination, as requested by the Holder surrendering the same. 

 No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to
due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not
this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 The
Indenture contains provisions whereby (i) the Company may be discharged from its obligations with respect to the Securities (subject to certain exceptions) or (ii) the Company may be released from its obligation under specified covenants
and agreements in the Indenture, in each case if the Company irrevocably deposits with the Trustee money or U.S. Government Obligations sufficient to pay and discharge the entire indebtedness on all Securities of this series, and satisfies certain
other conditions, all as more fully provided in the Indenture. 
 This Security shall be governed by and construed in accordance with the
laws of the State of New York without giving effect to principles of conflicts of laws of such state. 
 All terms used in this Security
which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

 This is one of the Securities of the series designated herein referred to in the Indenture. 

 

			
	 THE BANK OF NEW YORK MELLON
TRUST
COMPANY, N.A.,
 As Trustee

		
	By:	 	 
		 	Authorized Signatory

 [FORM OF TRANSFER NOTICE] 

FOR VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto 

Insert Taxpayer Identification No. 

(Please print or typewrite name and address including zip code of assignee) 

the within Security and all rights thereunder, hereby irrevocably constituting and appointing
                                 to transfer said Security on the books of the
Company with full power of substitution in the premises. 
  

			
	 
	By:	 	
	Date:	 	

 SCHEDULE OF INCREASES OR DECREASES IN SECURITY 

The following increases or decreases in this Security have been made: 

 

									
	 Date of
Exchange
	 	Amount of decrease in
Principal Amount of this
Security	 	Amount of increase in
Principal Amount of this
Security	 	Principal Amount of this
Security following such
decrease or increase	 	Signature of authorized
officer of Trustee or
Securities Custodian

 OPTION TO ELECT REPAYMENT 

If you elect to have this Security purchased by the Company pursuant to the terms of the Security, check the box: 

 
  ̈ 

If you want to elect to have only part of this Security purchased by the Company pursuant to the terms of the Security, state the amount in
principal amount (must be in denominations of $1,000 or an integral multiple of $1,000 in excess thereof):
$                                        
and specify the denomination or denominations (which shall not be less than the minimum authorized denomination) of the Securities to be issued to the Holder for the portion of the Security not being repurchased (in the absence of any such
specification, one such Security will be issued for the portion not being repurchased):                         . 

 

					
	Date:                         	  	Your Signature	  	 
		  		  	(Sign exactly as your name appears on the other side of the Security)

			
		
	Signature Guarantee:	  	  

		  	(Signature must be guaranteed)

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations
and credit unions with membership in an approved signature guarantee medallion program), pursuant to S.E.C. Rule 17Ad-15.EX-10.61

 Exhibit 10.61 

QLIK TECHNOLOGIES INC. 

AMENDED AND RESTATED EXECUTIVE SEVERANCE PLAN

 (as amended and restated effective March 29, 2016 (the “Effective Date”)) 

This Amended and Restated Executive Severance Plan (the “Plan”) applies to certain executives of Qlik Technologies Inc. and
its affiliates (the “Company”) who are selected to participate (collectively, the “Executives”) and who meet certain eligibility requirements. Terms not otherwise defined in the text are defined below or in Appendix
A of the Plan. As of the Effective Date, this Plan supersedes in all respects the prior version of the Executive Severance Plan. 
 Plan Rules. 

The Plan is subject to the Administrative Rules set forth on Appendix A hereto, which Appendix forms a part of the Plan. 

Eligibility. 
 This Plan makes severance
benefits available only to Executives who are determined by the Administrator to be eligible for such benefits pursuant to the terms of the Plan. “Eligible Executives” are defined as Executives who meet the following criteria: 

 

	 	•	 	The Executive is named on Exhibit 1 hereto as a Tier 1, Tier 2 or Tier 3 Executive; 

  

	 	•	 	The Executive experiences a Covered Termination; 

  

	 	•	 	The Executive executes and does not revoke a customary general release of claims in favor of the Company substantially in the form attached hereto as Exhibit 2 (the “Release”) upon or immediately
following the Covered Termination, with such Release becoming effective in accordance with its terms no later than 60 days following the Covered Termination (the “Release Deadline”); and 

 

	 	•	 	The Executive has entered into the Company’s standard agreement relating to confidentiality, non-competition (where permissible under applicable law), non-solicitation, and non-interference (the “Restrictive
Covenants”). 

 Change in Control Severance Payments and Benefits. 

If an Executive experiences a Covered Termination during the 12 month period immediately following a Change in Control, then subject to the
terms of the Plan, the Company will pay or provide the Eligible Executive with: 
  

	 	•	 	Base salary continuation following the Covered Termination for a period of: 

  

	 	•	 	18 months immediately following termination for Tier 1 Executives; 

  

	 	•	 	12 months following termination for Tier 2 Executives; and 

  

	 	•	 	6 months immediately following termination for Tier 3 Executives; 

  
 1 

	 	•	 	A payment equal to a percentage (specified below) of the Eligible Executive’s target annual bonus for the year in which the Covered Termination occurs: 

 

	 	•	 	150% for Tier 1 Executives; 

  

	 	•	 	100% for Tier 2 Executives; and 

  

	 	•	 	50% for Tier 3 Executives; 

  

	 	•	 	Payment by the Company of COBRA premiums for continued coverage under the Company’s health, dental and vision plans for a period (specified below) immediately following termination for the Eligible Executive and
his or her dependents; provided that the Eligible Executive timely elects continued coverage under COBRA and further provided that that no such COBRA payments are required to be made following the time the Eligible Executive obtains welfare plan
coverage from a subsequent employer; 

  

	 	•	 	18 months for Tier 1 Executives; 

  

	 	•	 	12 months for Tier 2 Executives; 

  

	 	•	 	6 months for Tier 3 Executives; and 

  

	 	•	 	The vesting of each of the Eligible Executive’s then-outstanding and unvested Equity Awards shall accelerate so that each such award becomes fully vested and exercisable, as the case may be. Performance-based
vesting milestones applicable to any such Equity Awards will be deemed achieved at the target level of performance. 

 Payment Timing.

 The salary continuation payments above shall be paid in installments on the Company’s regularly scheduled payroll periods
following the Covered Termination, and any installment payments that, in the absence of the requirement of the Release, would have been paid between the Covered Termination and the effectiveness of the Release shall be made together with the first
installment payment that occurs following the effectiveness of the Release, such that the duration of payments will not be affected by the timing of the effectiveness of the Release. Annual bonus based amount(s) shall be paid in a lump sum as soon
as practicable following the effectiveness of the Release, but in no event later than March 15th following the year of the Covered Termination. In no event shall any Plan benefit (including the acceleration of Equity Awards) be provided prior
to the effectiveness of the Release. The payment timing set forth in this section shall be subject in all respect to the provisions of the paragraph set forth below entitled “Tax Matters.” 

Certain Reductions. 
 The Administrator
shall have the authority to reduce an Eligible Executive’s severance payments or benefits, in whole or in part, to the extent that an Eligible Executive is entitled to a corresponding severance payment or benefit (including pay in lieu of
notice), in connection with the Eligible Executive’s termination of employment pursuant to (i) any applicable legal requirement, “garden leave,” or similar period mandated under the employment laws in the jurisdiction where the
Eligible Executive is providing services; or (ii) a written employment or severance agreement with the Company. Any reduction pursuant to the preceding sentence shall be done upon a benefit by benefit basis (i.e., the provision of one
type of severance payment or benefit shall not permit the reduction of a different type of severance 

  
 2 

 
payment or benefit under the Plan). This Plan shall not supersede any individually negotiated and signed employment contract or agreement between an Eligible Executive and the Company or a
subsidiary, and any Eligible Executive’s severance benefit shall be governed by the terms of such individually negotiated employment contract or agreement, and shall be governed by this Plan only to the extent that the foregoing reduction does
not eliminate all payments and benefits under this Plan. Notwithstanding the preceding sentence, to the extent that an Eligible Executive is eligible for a pro-rata annual bonus or accelerated equity vesting under such an individually negotiated and
signed employment contract or agreement and such bonus or equity vesting is contingent upon attainment of performance goals following termination of the Eligible Executive’s employment, the provisions of this Plan (providing for payout at the
based on deemed achievement at the target level of performance) shall, subject to the consent of the Eligible Executive (which will be provided to the Eligible Executive by the Administrator) supersede the provisions of the individually negotiated
and signed employment contract or agreement. 
 Termination of Benefits. 

An Eligible Executive’s right to receive benefits under this Plan shall terminate immediately if, at any time prior to or during the
period for which the Eligible Executive is receiving benefits hereunder, the Eligible Executive fails to comply with the Restrictive Covenants and, in the event that an Eligible Executive fails to comply with the Restrictive Covenants during the
period in which the Eligible Executive is receiving benefits hereunder, the Company may require the Eligible Executive to repay to the Company the amount of payments and benefits previously provided hereunder. 

Parachute Payments. 
 Except as otherwise
provided in an agreement between an Eligible Executive and the Company, if any payment or benefit the Eligible Executive would receive in connection with a Change in Control from the Company or otherwise (collectively the
“Payments”) would (i) constitute a “parachute payment” within the meaning of Code Section 280G, and (ii) but for this sentence, be subject to the excise tax imposed by Code Section 4999 (the
“Excise Tax”), then the amount payable pursuant to this Plan shall be reduced, if necessary, so that such Payments shall be equal to the Reduced Amount. The “Reduced Amount” shall be either (x) the largest
portion of the Payments that would result in no portion of the Payments being subject to the Excise Tax, or (y) the largest portion, up to and including the total, of the Payments, whichever amount, after taking into account all applicable
federal, state and local employment taxes, income taxes, and the Excise Tax (all computed at the highest applicable marginal rate), results in the Eligible Executive’s receipt of the greatest economic benefit notwithstanding that all or some
portion of the Payments may be subject to the Excise Tax. If a reduction in payments or benefits constituting “parachute payments” is necessary so that the Payments equal the Reduced Amount, any reduction shall be applied first, on a
pro rata basis, to amounts that constitute deferred compensation within the meaning of Code Section 409A, and the remaining reductions shall be applied, on a pro rata basis, to any other remaining payments. All determination under
this paragraph shall be made by a nationally recognized accounting firm reasonably acceptable to both the Company and the Eligible Executive and shall be final and binding on all parties. The Company shall bear all costs in connection with making
the determinations necessary under this paragraph. 
 No Employment Agreement. 

Nothing contained in this Plan shall be construed as a contract of employment between the Company and any Executive, as a right of any
Executive to be continued in the employment of the Company, or as a limitation on the right of the Company to discharge any of its Executives with or without Cause. Furthermore, nothing contained in this Plan shall be construed as entitling any
terminated Executive to severance pay or other benefits hereunder unless that Executive is eligible for participation in, and meets all requirements for, specific severance benefits described in accordance with the terms of this Plan. 

  
 3 

 Governing Law. 

This Plan shall be subject to, and governed by, the laws of the Commonwealth of Pennsylvania applicable to agreements made and to be performed
entirely therein. 
 Tax Matters. 

Payments and benefits under this Plan are intended to be exempt from the provisions of Code Section 409A or, if not exempt, to comply with
the requirements of such section, and the Plan shall be construed and administered in accordance with that intention. If an Eligible Executive is a “specified employee” of the Company or any affiliate thereof (or any successor entity
thereto) within the meaning of Code Section 409A(a)(2)(B)(i) on the date of a Covered Termination, then, to the extent necessary to avoid the imposition of tax upon the Eligible Executive pursuant to the operation of Code Section 409A, any
salary continuation payments above (the “Salary Payments”) shall be delayed until the date that is six months after the date of the Covered Termination (such date, the “Delayed Payment Date”), and the Company shall
(A) pay to the Eligible Executive a lump sum amount equal to the sum of the Salary Payments that otherwise would have been paid to the Eligible Executive on or before the Delayed Payment Date, without any adjustment on account of such delay,
and (B) continue the Salary Payments in accordance with any applicable payment schedules set forth for the balance of the period specified herein. Notwithstanding the foregoing, (i) Salary Payments scheduled to be paid from the date of a
Covered Termination through March 15th of the calendar year following such termination shall be paid to the maximum extent permitted pursuant to the “short-term deferral” rule set forth in Treasury Regulation § 1.409A-1(b)(4);
(ii) Salary Payments scheduled to be paid that are not paid pursuant to the preceding clause (i) shall be paid as scheduled to the maximum extent permitted pursuant to an “involuntary separation from service” as permitted by
Treasury Regulation § 1.409A-1(b)(9)(iii), but in no event later than the last day of the second taxable year following the taxable year of the Covered Termination; and (iii) any Salary Payments that are not paid pursuant to either the
preceding clause (i) or the preceding clause (ii) shall be subject to delay, if necessary, as provided in the previous sentence. Except to the extent that payments may be delayed until the Delayed Payment Date, on the first regularly
scheduled payroll period following the effectiveness of the Release, the Company will pay the Eligible Executive the Salary Payments the Eligible Executive would otherwise have received under the Plan on or prior to such date but for the delay in
payment related to the effectiveness of the Release, with the balance of the Salary Payments being paid as otherwise provided herein. All payments provided under this Plan are intended to constitute separate payments for purposes of Treasury
Regulation § 1.409A-2(b)(2). All payments hereunder are subject to applicable withholding for federal, state and local taxes. 
 Definitions.

 “Cause” shall have the meaning set forth in any individually negotiated and signed employment contract or agreement
in effect between the Company or a Subsidiary and an Executive, or, if no such agreement is in effect, shall have the meaning set forth in the Company’s 2010 Omnibus Equity Incentive Plan, as in effect on the Effective Date. Notwithstanding the
forgoing, for Non-U.S. Covered Employees, the definition of “Cause” shall be deemed to be modified to the extent that the definition (or an element thereof) is impermissible under applicable law, to the minimum extent required to comply
with any such law. 

  
 4 

 “Change in Control” has the definition set forth in the Company’s 2010
Omnibus Equity Incentive Plan as in effect on the Effective Date, provided and only if such a transaction also qualifies as a change in control event within the meaning of Code Section 409A(a)(2)(A)(v). 

“COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, and analogous provisions of state law. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Constructive Termination” means a voluntary termination of employment with the Company resulting in a Separation by an
Executive after one of the following is undertaken following a Change in Control without the Executive’s written consent: (i) a reduction by 10% or more of the Executive’s aggregate level of base salary and target bonus (as compared
to the level in effect immediately prior to the Change in Control); (ii) for Tier 1 and Tier 2 Executives only, a material diminution in the Executive’s authority, duties or responsibilities (as compared to the authority, duties or
responsibilities in effect immediately prior to the Change in Control); (iii) the Company’s requirement that the Executive relocate the principal location from which the Executive primarily performs his or her services to a location more
than 50 miles from the location from which such service were performed immediately prior to the Change in Control; (iv) a material breach by the Company of any of the material provisions of an agreement with the Executive; or (v) a failure
or refusal of any successor company to assume the obligations of the Company under an agreement with the Executive. A termination shall not be a Constructive Termination unless the Executive gives the Company written notice of such condition within
90 days after such condition first comes into existence and the Company fails to remedy such condition within 30 days after receiving the Executive’s written notice. 

“Covered Termination” means the occurrence within the twelve month period commencing upon a Change in Control of either
(x) an Involuntary Termination Without Cause or (y) a Constructive Termination. Termination of employment of an Eligible Executive due to death or disability shall not constitute a Covered Termination unless a voluntary termination of
employment by the Executive immediately prior to the Executive’s death or disability would have qualified as a Constructive Termination. 

“Equity Awards” means stock options, stock appreciation rights, restricted shares, stock units, or performance stock units
granted under the Company’s equity incentive plans. 
 “Involuntary Termination Without Cause” means an Eligible
Executive’s involuntary termination of employment by the Company resulting in a Separation for a reason other than Cause or disability. 

“Separation” means a “separation from service” with the Company within the meaning of Treasury Regulation §
1.409A-1(h), without regard to any permissible alternative definition thereunder. 

  
 5 

 APPENDIX A 

ADMINISTRATIVE RULES 
 The
Administrative Rules set forth in this Appendix A shall govern the operation of the Plan and shall constitute part of the Plan document for all purposes. 
  

	 	1.	Administration. The Plan shall be administered and interpreted by a committee consisting of the Company’s General Counsel, Chief People Officer and Chief Financial Officer (such committee, the
“Administrator”) in the Administrator’s reasonable, good faith discretion. Except as otherwise provided in the Plan, the Administrator has the authority to act for the Company as to any matter pertaining to the administration of the
Plan; provided, however, that this authority does not apply with respect to (a) the Company’s power to amend or terminate the Plan or (b) any action that could reasonably be expected to increase significantly the cost of the Plan; in
each case the authority to take such actions is held by the Board of Directors of the Company (the “Board”) or a committee thereof. For Executives providing services in the United States, the Administrator is the “named
fiduciary” of the Plan for purposes of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and will be subject to the fiduciary standards of ERISA when acting in such capacity. 

 

	 	2.	Selection of Participants. The Board (or a committee thereof) shall have the sole and exclusive authority to determine the identity of the Executives who are eligible for benefits under the Plan and individuals
selected as eligible for benefits under the Plan shall be identified on Exhibit 1 hereto. An individual listed on Exhibit 1 may only be removed from such Exhibit by the Board and such removal shall not be effective unless the individual has received
nine months prior notice. No individuals may be removed from Exhibit 1 upon or following a Change in Control. 

  

	 	3.	Amendment and Termination. The Plan shall be in effect until terminated by the Board or a committee thereof in accordance with this paragraph and the Board or a committee thereof may amend the Plan subject to
this paragraph. The Plan may not be terminated or adversely amended (1) prior to the one-year anniversary of the Effective Date; (2) at any time when the Company is party to an agreement, the consummation of which will result in a Change
in Control, (3) within the one year period immediately following a Change in Control, and (4) with respect to Executives outside the United States, to the extent otherwise restricted by applicable law. In addition, if at the time of any
proposed termination of or amendment of or to the Plan there are any Eligible Executives receiving benefits under the Plan or eligible to receive such benefits with respect to a Separation that has previously occurred, then the Plan will remain in
effect without adverse amendment with respect to each such Eligible Executive until all applicable payments and benefits have been paid or provided. Except as set forth above in this paragraph (which provisions are not subject to amendment), the
Company reserves the right to terminate or amend the Plan at any time. 

  

	 	4.	Calculation of Payments. Any amounts payable hereunder which are determined by reference to an Eligible Executive’s salary or target bonus shall be calculated without giving effect to any reduction in salary
or target annual bonus occurring on or following a Change in Control. 

  
 6 

	 	5.	Claims Procedure. Any individual who believes he or she is entitled to any payment under the Plan may submit a claim in writing to the Administrator. If the claim is denied (in full or in part), the claimant will
be provided a written notice explaining the specific reasons for the denial and referring to the provisions of the Plan on which the denial is based. The notice will also describe any additional information needed to perfect the claim, an
explanation as to why such information is necessary and an explanation of the Plan’s claims procedure and the time limits applicable to such procedures, including a statement of the claimant’s right to bring a civil action under section
502(a) of ERISA following an adverse benefit determination on appeal, if applicable. The denial notice will be provided within 90 days after the claim is received. If special circumstances require an extension of time (up to 90 days), written notice
of the extension will be given within the initial 90-day period. 

  

	 	6.	Appeal Procedure. If the claimant’s claim is denied, the claimant (or his or her authorized representative) may apply in writing to the Administrator for a review of the decision denying the claim. Review
must be requested within 60 days following the date the claimant received the written notice of their claim denial or else the claimant loses the right to review. The claimant (or representative) then has the right to review pertinent documents and
to submit issues and comments in writing. The Administrator will provide written notice of his or her decision on review within 60 days after it receives a review request. If additional time (up to 60 days) is needed to review the request, the
claimant (or representative) will be given written notice of the reason for the delay. If the claimant’s appeal is denied (in full or in part), the claimant will be provided a written notice explaining the specific reasons for the denial and
referring to the provisions of the Plan on which the denial is based. The notice will also describe the claimant’s right to receive, upon request and without charge, reasonable access to, and copies of, all documents, records and other
information relevant to the claim for benefits. The notice will also include a statement of the claimant’s right to bring a civil action under section 502(a) of ERISA, if applicable. No person may bring an action for any alleged wrongful denial
of Plan benefits in a court of law unless the claims procedures set forth above are exhausted and a final determination is made by the Administrator. If a person challenges a decision of the Administrator, a review by the court of law will be
limited to the facts, evidence and issues presented to the Administrator during the claims procedure set forth above. Facts and evidence that become known to an interested person after having exhausted the claims procedure must be brought to the
attention of the Administrator for reconsideration of the claims determination. Issues not raised with the Administrator will be deemed waived. Notwithstanding the forgoing, this paragraph and the preceding paragraph shall be deemed to be modified
to the extent necessary to comply with laws governing claim procedures applicable to Executives outside the United States. 

  

	 	7.	Source of Payments. Payment due under the Plan will be paid in cash from the general funds of the Company; no separate fund will be established under the Plan; and the Plan will have no assets. No right of any
person to receive any payment under the Plan will be any greater than the right of any other general unsecured creditor of the Company. 

  

	 	8.	Inalienability. In no event may any current or former employee of the Company or any of its subsidiaries or affiliates sell, transfer, anticipate, assign or otherwise dispose of any right or interest under the
Plan. At no time will any such right or interest be subject to the claims of creditors nor liable to attachment, execution or other legal process. 

  
 7 

	 	9.	Coverage Under ERISA. It is the intention of the Company that the Plan be a welfare benefit plan, as defined in ERISA. This document constitutes both the written instrument under which the Plan is maintained and
the summary plan description for the Plan. 

  

	 	10.	Severability. If any provision of the Plan is held invalid or unenforceable, its invalidity or unenforceability will not affect any other provision of the Plan, and the Plan will be construed and enforced as if
such provision had not been included. 

  

	 	11.	Headings. Headings in this Plan document are for purposes of reference only and will not limit or otherwise affect the meaning hereof. 

 

	 	12.	Indemnification. The Company hereby agrees to indemnify and hold harmless the officers and employees of the Company, and the members of its boards of directors, from all losses, claims, costs or other liabilities
arising from their acts or omissions in connection with the administration, amendment or termination of the Plan, to the maximum extent permitted by applicable law. This indemnity will cover all such liabilities, including judgments, settlements and
costs of defense. The Company will provide this indemnity from its own funds to the extent that insurance does not cover such liabilities. This indemnity is in addition to and not in lieu of any other indemnity provided to such person by the Company
by written agreement, by-laws, incorporation documents or state law. 

  

	 	13.	Additional Information. 

  

			
	Plan Name:	  	Qlik Technologies Inc. Amended and Restated Executive Severance Plan
		
	Plan Sponsor:	  	Qlik Technologies Inc.
		  	150 N. Radnor-Chester Road., Suite E-220
		  	Radnor, PA 19087
		  	Attn: General Counsel
		
	Identification Numbers:	  	EIN: 20-1643718
		  	PLAN:
		
	Plan Year:	  	Calendar year
		
	Plan Administrator:	  	General Counsel (on behalf of committee of General Counsel, Chief People Officer and Chief Financial Officer)
		  	Qlik Technologies Inc.
		  	150 N. Radnor-Chester Road., Suite E-220
		  	Radnor, PA 19087
		
	Agent for Service of Legal Process:	  	Qlik Technologies Inc.
		  	150 N. Radnor-Chester Road., Suite E-220
		  	Radnor, PA 19087
		  	Attn: General Counsel

  
 8

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