Document:

Form of Real Estate Agreement

 EXHIBIT 10.6 
 FORM OF 
 REAL ESTATE LICENSE AGREEMENT 
 This REAL ESTATE LICENSE AGREEMENT (this "License Agreement") is made as of the [        ] of
[            ] 2007, between EMC Corporation, a Massachusetts corporation having its principal office at 176 South Street, Hopkinton, Massachusetts ("Licensor"), and VMware, Inc., a
Delaware corporation having its principal office at 3401 Hillview, Drive Palo Alto, California ("Licensee"). 
 WITNESSETH: 
 WHEREAS, by those certain lease agreements set forth on Schedule I annexed hereto and incorporated herein (the "Leases" and individually "Lease"),
Licensor did hire and lease those certain spaces more particularly described in the Leases (the "Premises") and is the current holder of the leasehold estates created thereby; 
 WHEREAS, the parties desire, by this License Agreement, to provide for the licensing by Licensor to Licensee of the right to use and occupy certain
spaces as set forth in Schedule II annexed hereto and made a part hereof (each space to be referred to herein as a "License Area" and collectively the "License Areas"), each of which is located in the Premises as set forth in the related Leases; and

 NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby covenant and agree as follows: 
 1. License. 
 (a) Licensor hereby grants to Licensee a license (the "License") to use and occupy the License Areas and rights of access thereto for the purposes
hereinafter provided along with the right to use all equipment, furniture and fixtures, including communications and information systems equipment, cabling and appurtenant items that are owned by Licensor and located in the License Areas as of the
"Commencement Date" (as such term is defined hereafter), for the applicable "License Period" (as such term is defined in paragraph 2 hereof). In connection with its use of each License Area and to the extent applicable, Licensee shall also have the
non-exclusive right to use (a) in common with Licensor and the other occupants of the building in which the Premises are located, the common areas outside the Premises that Licensor has the right to use and (b) in common with the Licensor
and the other occupants of the Premises, the hallways, stairways, elevators, restrooms, kitchens, break rooms, photocopy rooms, facsimile rooms, conference rooms and other areas of the Premises (including the equipment and supplies located therein)
that may be reasonably necessary for Licensee’s use of the Premises, except those areas that Licensor may reasonably designate as private. 
  

 (b) Licensee has inspected and is familiar with the License Areas and accepts same and the contents
thereof in their "as is" condition as of the Commencement Date. Licensor shall not be required to perform any work or furnish any materials in order to prepare the License Areas for Licensee’s occupancy. 
 (c) The License Areas shall be defined as (i) Commingled and (ii) Demised License Areas. The Commingled License Area shall mean a License Area
that is occupied by both Licensor and Licensee with no physical segregation by walls or partitions. The Demised License Areas shall mean a License Area that is physically segregated by walls or partitions for the purpose of Licensee’s sole and
exclusive occupancy. 
 2. License Period. 
 (a) The License Period for each License Area shall commence on [            ] [    ], 2007(the "Commencement Date") and, subject to the
provisions of subparagraphs (b) and (c) below (as and to the extent applicable), shall expire (subject to sooner termination as hereinafter provided) at 11:59 P.M. on the date (the "Expiration Date’) that is one (1) day prior to
the expiration date of the term of the related Lease covering the related License Area, unless sooner terminated pursuant to any term or provision hereof or pursuant to law. For the avoidance of doubt, Schedule [X] annexed hereto and incorporated
herein sets forth the license periods for each License Area. 
 (b) Notwithstanding the provisions of Paragraph (a) above, Licensee
shall have the right to terminate this License Agreement as to an existing Commingled License Area by delivery to Licensor of written notice delivered not less than three (3) months prior to the desired early termination date as to such
Commingled License Area. 
 (c) In the event the term of a Lease covering a License Area shall sooner terminate in accordance with the
provisions thereof (e.g., by reason of casualty or condemnation, and the landlord under the Lease shall exercise a right of termination contained in the Lease, or Licensor, as the tenant thereunder shall exercise a right of termination thereunder),
the License Period for the License Area shall automatically terminate on the date of such termination of such Lease. Licensor shall give Licensee reasonable prior notice of any such termination. 
 (d) Licensor will provide the Licensee with prior written notice of its intent to enter into an amendment to any Lease which will increase
Licensee’s obligations or surrender Licensee’s rights hereunder or have a material adverse effect on Licensee’s occupancy of the related License Area covered thereby or Licensee’s permitted use of such License Area. Upon such
notice, Licensee will be obligated to inform Licensor whether it intends to occupy the Licensed Area during the amended term. 
 3.
License Fee. Licensee shall pay a license fee for the License Areas at rates, in the manner, and on the dates set forth in Schedule III annexed hereto and made a part hereof (the "License Fee"). Except as provided herein to the contrary or as
set forth in Schedule III, the License Fee payable for a particular License Area shall be 

  

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equal to Licensor’s costs in occupying, maintaining and using the Premises in the related Lease ("Cost of Occupancy") divided by the number of Licensor
(including any subsidiary or affiliate including Licensee) employees, agents, and/or representatives occupying the Premises multiplied by the number of Licensee employees, agents, and/or representative (collectively, “Licensee Personnel”)
occupying the Premises in the related License Area; provided, however, that the Licensor shall not charge Licensee a higher Cost of Occupancy than it charges any other groups or departments within Licensor for Occupancy Costs in a Premises.
Licensor, in its sole and absolute discretion, shall determine its Cost of Occupancy based on principles consistent with Generally Accepted Accounting Principles (GAAP) or other commercially reasonable standard consistent with accounting practices
used in similar buildings the License Area is located in. Licensee or its authorized representative shall have the right, during business hours and with prior written notice, to inspect such books of Licensor at Licensor’s facilities that
relate to the calculation of the Costs of Occupancy, for the purpose of verifying the costs included in the Cost of Occupancy. Licensee shall comply with any confidentiality requirements imposed by Licensor in connection with such inspection
(including but not limited to the execution and delivery of a confidentiality agreement reasonably acceptable to Licensor). Licensee shall be entitled to one inspection per calendar year and all costs associated with such inspection shall be borne
by Licensee. Licensor and Licensee shall work together reasonably and in good faith to equitably resolve any amounts that Licensee may question. The number of Licensor Personnel and Licensee Personnel occupying each License Area shall be determined
in a fair, equitable and consistent manner as of the end of each month (or such other time period as agreed to by Licensor and Licensee) during the term of this License Agreement. 
 4. Services. Licensee acknowledges that in some of locations of the License Areas, a third-party landlord provides services to such locations.
Licensor shall reasonably cooperate with Licensee so as to enable Licensee to obtain such services, but the foregoing shall not require Licensor to institute any action or proceeding against a landlord. To the extent that any services to a License
Area has been supplied directly by Licensor, then Licensor shall continue to provide such services to such License Area during the related License Period and Licensee shall be responsible for its pro rata share of Licensor’s out-of-pocket costs
in connection therewith. Licensor shall provide such services to such License Area in substantially the same manner and quality as Licensor has provided the same to the License Area prior to the Commencement Date or in substantially the same manner
and quality as Licensor provides such services to itself. Licensor hereby grants to Licensee the right to receive all of the services and benefits with respect to the License Areas which are to be provided by the related landlord under the Leases.
Notwithstanding the foregoing, although the parties contemplate that the landlords will, in fact, perform their obligations under the Leases, but, in the event of any default or failure of such performance by any of the landlords, Licensor will,
upon the specific written request of Licensee, make demand upon such landlord(s) to perform its obligations under the related Lease. 
 5.
Uses. Licensee shall only use and occupy a License Area as permitted as a permitted use under the related Lease and for no other purpose except (and only to the extent permitted under the terms of the related Leases) as may be reasonably

  

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agreed upon in writing by Licensor and Licensee. Nothing in this paragraph shall require Licensee to use and occupy a License Area, except to the extent
Licensor is required to use or occupy same under the terms of the related Lease. 
 6. Compliance with Law; Observance of Lease
Provisions. 
 (a) To the extent required of the tenant under a related Lease, Licensee shall promptly comply with all present and future
applicable laws and regulations of all state, Federal, municipal and local governments, departments, commissions and boards and any direction of any public officer pursuant to law, and all orders, rules and regulations of any Board of Fire
Underwriters or any similar body (all of the foregoing being hereinafter collectively referred to as "Laws") having jurisdiction which shall impose any violation, order or duty upon Licensor, any landlord of Licensor or Licensee with respect to the
related License Area, to the extent only, however, that such compliance relates to Licensee’s manner of use of the related License Area as opposed to the mere use for the purposes herein permitted. 
 (b) To the extent that for a related License Area, the Licensee is not required to comply with any Laws pursuant to subparagraph (a) above, Licensor
shall (to the extent required under a related Lease) comply with such Laws applicable to the related License Area or, if applicable, Licensor shall exercise reasonable efforts to require its third-party landlord to comply with such Laws (to the
extent such compliance is the obligation of such landlord under the terms of the related Lease to Licensor). 
 (c) To the extent required
under a related Lease, Licensor shall obtain the consent of the related landlord for Licensee to license the related License Area. Licensor shall promptly be reimbursed by Licensee for any actual costs incurred by Licensor in obtaining such consents
from the landlord. 
 (d) Licensee shall not violate applicable provisions of any Lease governing the manner of use of the related License
Area, the use of building elevators, building common areas, and similar provisions, so as not to cause a default thereunder. 
 (e) This
License Agreement is subject to, and Licensee accepts this License Agreement subject to all the terms, covenants, provisions, conditions and agreements contained in the Leases and the matters to which the related landlords are subject and
subordinate, all of which are made a part of this License Agreement as though fully set forth herein as if Licensee were the Tenant named therein and Licensor were the landlord named therein. This License Agreement shall also be subject to, and
Licensee accepts this License Agreement also subject to, any amendments and supplements to the Leases hereafter made between any landlord and Licensor provided the same do not limit the rights or expand the obligations of Licensee hereunder in any
material respect. Licensee covenants and agrees (i) to perform, observe and be bound by each and every covenant, condition and provision of the related Leases as applicable to the related License Area (including the Building rules and
regulations) and (ii) that Licensee will not do or cause to be done or suffer or permit its agents or employees to do 

  

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any act or thing to be done which would or might cause the landlord or the rights of Licensor as tenant thereunder to any Lease be cancelled, terminated or
forfeited or make Licensor liable for any damages, claim or penalty. Licensor (A) will not do or cause to be done or suffer or permit any act or thing to be done which would or might cause a Lease or the rights of Licensee thereunder (through
this License Agreement) to be cancelled, terminated or forfeited or make Licensee liable for damages, claims or penalty, (B) will not voluntarily terminate a Lease without the prior consent of Licensee and (C) shall deliver to Licensee
promptly upon receipt or delivery copies of all default notices under a Lease sent or received by Licensor. 
 (f) In the event Licensee is
in default under any of the terms of this Agreement and such default is not cured, Licensor shall have the same rights and remedies against Licensee as are available to the related landlord against Licensor for that particular License Area and
Licensor shall have the right enter such Licensed Area and cure the same at the sole cost and expense of Licensee. 
 7. Repairs.
Licensee, throughout the License Period, shall take good care of the License Areas and the fixtures and appurtenances therein as required of the tenant pursuant to the terms of the related Leases. In the event a particular Lease is silent on
Licensor’s obligations to repair, then in addition to Licensee taking good care of the related License Area and the fixtures and appurtenances, Licensee, for that particular License Area, shall also be responsible for the cost to repair any
damage other than damage from the elements, fire or other casualty to the building of such License Area forms a part or caused by Licensor or a third-party landlord or their respective, agents, employees, sublessees, licensees (other than Licensee)
or invitees. Licensor shall make, or exercise reasonable efforts to cause to be made by such related landlord responsible for such repairs, all necessary structural and other repairs (for which Licensee is not responsible pursuant to the provisions
hereof) to the License Area. 
 8. Damage and Destruction. 
 (a) Neither Licensor nor Licensee shall have any responsibility to each other in the event of any damage to or theft of any equipment or property of the
other party except if caused by the gross negligence or willful misconduct of such party, and the party incurring such loss shall look to its own insurance coverage, if any, for recovery in the event of any such damage, loss or theft. 
 (b) If a License Area is destroyed or damaged by fire or other casualty, the License Fee as to such License Area shall abate (entirely if all or
substantially all of the License Area is damaged and rendered untenantable and proportionately if only a portion of the License Area is damaged and rendered untenantable, in both cases only to the extent that Licensor’s rent under the Lease is
also abated) from the date of the casualty to the date by which (as provided in the Lease covering the License Area) the related landlord or Licensor shall have repaired and restored the License Area or damaged portion thereof (but not
Licensee’s property and equipment therein) to substantially the same condition it was in prior to the occurrence of such casualty. If the casualty or damage occasioned to the License Area, or to the Premises covered by the related Lease,

  

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of which the damaged License Area forms a part, shall be so extensive as to entitle either or both of the landlord and Licensor to terminate the Lease, and
either such landlord or Licensor shall terminate the Lease therefor in accordance with the terms thereof, then this License Agreement with respect to the License Area shall automatically terminate on the Lease termination date, as provided in
paragraph 2(b) hereof. 
 (c) In the event of the occurrence of a casualty or condemnation which affords Licensor a right under the Lease to
terminate the Lease by reason of such casualty or condemnation, then Licensee shall have the exclusive right to determine whether to exercise such right of termination in its sole and absolute discretion. 
 9. Insurance/Indemnity. 
 (a) To the
extent carrying such insurance is not Licensor’s responsibility under another agreement between Licensor and Licensee, Licensee shall maintain in full force and effect throughout the related License Periods with respect to the related License
Area the insurance (other than property insurance as to alterations in the Premises or equipment owned by Licensor in the Premises, which insurance Licensor shall carry) required to be maintained by Licensor under the related Lease. Upon request by
Licensor, if Licensee carries such insurance separate from Licensor, Licensee shall provide evidence of such insurance to Licensor in accordance with the requirements of the related Lease. 
 (b) Indemnification of Licensor. Per each License Area, Licensee shall owe the same indemnification obligations to Licensor as set forth in the
Lease covering such License Area as if the words "Owner" or "Landlord" and "Tenant "or "Lessee" or words of similar import, wherever the same appear in the related Lease pertaining to indemnification were construed to mean, respectively, "Licensor"
and "Licensee". To the extent a Lease is silent on the indemnification obligations running from the "Tenant" to "Landlord", then for that related License Area, Licensee shall indemnify, defend and hold Licensor, and any partner, officer, agent,
employee and director of Licensor (the "Licensor Indemnitees") harmless from and shall defend the Licensor Indemnitees against all claims made or judicial or administrative actions filed which allege that any one of the Licensor Indemnitees is
liable to the claimant (other than to the extent caused by or arising from a Licensor Indemnitee’s gross negligence or willful misconduct) by reason of (i) any injury to or death of any person, or damage to or loss of property, or any
other thing occurring on or about the License Area or the Premises, or in any manner growing out of, resulting from or connected with the use, condition or occupancy of, the License Area or the Premises, if caused by any act or omission of Licensee
or its agents, partners, contractors, employees, permitted assignees, licensees, sublessees, invitees or any other person or entity for whose conduct Licensee is legally responsible, (ii) violation by Licensee of any contract or agreement to
which Licensee is a party in each case affecting the License Area or the occupancy or use thereof by Licensee, (iii) violation of or failure to observe or perform any condition, provision or agreement of this License Agreement on
Licensee’s part to be observed or performed hereunder, and (iv) Licensee’s manner of use and occupancy of the License Area, except to such extent that any such claim arises from the gross negligence or willful 

  

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misconduct of Licensor. Licensor shall similarly indemnify, defend and hold Licensee, and any partner, officer, agent, employee and director of Licensee (the
"Licensee Indemnitees") harmless from and shall defend the Licensee Indemnitees against all claims made or judicial or administrative actions filed which allege that any one of the Licensee Indemnitees is liable to the claimant (other than to the
extent caused by or arising from a Licensee Indemnitee’s negligence or willful misconduct) by reason of (i) any injury to or death of any person, or damage to or loss of property, or any other thing occurring on or about the Premises, or
in any manner growing out of, resulting from or connected with the use, condition or occupancy of, the Premises, if caused by any negligent act or willful misconduct of Licensor or its agents, partners, contractors, employees, permitted assignees,
licensees, sublessees, invitees or any other person or entity for whose conduct Licensor is legally responsible (other than Licensee), (ii) violation by Licensor of any contract or agreement to which Licensor is a party in each case affecting
the Premises or the occupancy or use thereof by Licensor and (iii) violation of or failure to observe or perform any condition, provision or agreement of this License Agreement on Licensor’s part to be observed or performed hereunder. In
addition, and to the extent applicable, if Licensor is the beneficiary of an indemnity or release from the landlord under a Lease, Licensor shall use commercially reasonable efforts to similarly indemnify or release Licensee, to the extent Licensor
actually receives the benefit of such indemnity or release. 
 10. Assignment; Sublicensing. The License granted hereby is personal to
Licensee and shall not be assigned nor shall Licensee sublicense or otherwise permit or suffer the occupancy of any/all License Area(s) by any third party without first obtaining the prior written consent of Licensor and if required by the related
Lease, the landlord. Notwithstanding the foregoing, Licensee may, without Licensor’s prior written consent and without constituting an assignment or sublicense hereunder, assign this License Agreement or sublicense any of the License Areas to
(a) an entity controlling, controlled by or under common control with Licensee or (b) a successor entity related to Licensee by merger, consolidation or reorganization, unless such entity is a competitor of Licensor. 
 11. Alterations; Restoration. 
 (a)
Commingled Space. In the event that all or a part of a License Area is not physically segregated by demising walls from Licensor to space: 
  

	 	(i)	 	No alterations may be made by Licensee to the License Area without first obtaining (A) the prior written consent of Licensor, which may be withheld in its sole discretion and
(B) if required by the related Lease, the prior written consent of the related landlord of such Lease(which Licensor shall request from such landlord). All such alterations shall be at Licensee’s sole cost and expense.

  

	 	(ii)	 	Licensor, at the time of giving consent to any alterations by Licensee, shall notify Licensee if any such alterations must be removed and the License Area restored, at the
expiration or sooner termination of the applicable License Period. 

  

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	 	(iii)	 	If Licensor employs facilities personnel at the Commingled Space, Licensor will reasonably cooperate with Licensee to coordinate such requested alternations. Any costs associated
with making such alterations, including, but limited to, construction or increased operating costs shall be borne by Licensee. 

 (b) Demised Space. In the event that a License Area is physically segregated by demising walls from the Licensor’s space: 
  

	 	(i)	 	Licensee may make any alterations to the License Area to the extent permitted by (and in accordance with) the terms of the related Lease, provided that Licensee obtains the prior
written consent thereto of Licensor which shall not be unreasonably withheld, conditioned or delayed. 

  

	 	(ii)	 	In the event Licensee shall desire to make any alterations to the License Area, Licensee shall provide Licensor prior written notice thereof, specifying in Licensee’s notice
the scope and location of the desired alteration(s) as necessary to enable Licensor to formulate a judgment as to the effect such alteration(s) would have upon the building and its systems, and Licensor’s use of, and operation within, that
portion of the Premises not constituting the License Area (the “Retained Space”), except that, subject to approval of the related landlord if required by the related Lease, Licensor approves the installation of information systems cabling,
electrical distribution circuitry and finishes appurtenant thereto. Licensor shall not have any consent rights to such alteration, except Licensor may refuse to allow such alteration if in Licensor’s reasonable judgment such alteration would
materially adversely affect Licensor’s use of the Retained Space. 

  

	 	(iii)	 	Any costs associated with making such alterations, including, but limited to, construction or increased operating costs shall be borne by Licensee. 

 12. Default. If either party defaults in the performance of any of its obligations hereunder with respect to a License Area or the License Areas
and such default continues for more than fifteen(15) days in the case of a monetary default with respect to a License Area, thirty (30) days with respect to any other monetary default hereunder, and thirty (30) days in the case of a
nonmonetary default, in all cases after receipt of written notice from the nondefaulting party (except that if such nonmonetary default cannot be reasonably cured with the exercise of reasonable diligence during said 30-day period, such period shall
be extended for reasonable additional time, provided that the defaulting party has commenced to cure such default within the 30-day period and proceeds diligently thereafter to effect such cure), the nondefaulting party shall have the right to
terminate the License herein granted with respect to the applicable License Area and pursue any other remedies available at law or in equity, except as limited in 

  

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paragraph 14 hereof. Notwithstanding anything to the contrary herein, Licensee shall not be in default under this License Agreement if Licensee’s
failure to comply with a requirement of this License Agreement is due solely to Licensor’s failure to provide a service required of Licensor under another agreement between Licensor and Licensee. 
 13. Limitation of Liability. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS LICENSE AGREEMENT, IN NO EVENT SHALL EITHER PARTY BE
LIABLE TO THE OTHER FOR ANY PUNITIVE, INDIRECT, CONSEQUENTIAL, SPECIAL OR INCIDENTAL DAMAGES, INCLUDING LOSS OF GOODWILL OR LOSS OF PROFITS. 
 14. Notices. 
 (a) Any notice, demand or request under this License Agreement shall be in writing, shall be addressed as
hereinafter provided and delivered by registered or certified mail (return receipt requested) which is delivered by reputable overnight commercial carrier (e.g., Federal Express) or hand-delivered and shall be deemed effective upon receipt.
Any notice, demand or request by Licensor to Licensee shall be addressed to Licensee at its address stated in the preamble hereto, 
 In the case of Licensor: 
 EMC Corporation 
 228 South Street 
 Hopkinton, Massachusetts 01748 
 Attention: Vice President, Global Real Estate and Facilities 
 And to: 
 EMC Corporation 
 176 South Street 
 Hopkinton, Massachusetts 01748 
 Attention: Office of the General Counsel 
 In the case of Licensee: 
 VMware, Inc. 
 3401 Hillview Drive 
 Palo Alto, California 94304 
 Attention: Global Real Estate Manager 
 And to: 
 VMware, Inc. 
 3401 Hillview Drive 
 Palo Alto, California 94304 
 Attention: Legal Department 
  

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 (b) Rejection or other refusal to accept, or the inability to deliver because of a changed address of
which no notice was given, shall be deemed to be receipt of the notice, demand or request sent. 
 15. Quiet Enjoyment. Licensor
covenants and agrees that, so long as Licensee shall pay the License Fee as and when due and shall otherwise fully, faithfully and timely observe and perform within applicable notice and cure periods the agreements, covenants and conditions of this
License Agreement on its part to be observed and performed with respect to the related License Area, Licensee shall and may peaceably and quietly have, hold and enjoy the related License Area for the related License Period, as same may be extended,
without disturbance, hindrance, ejection or molestation by or from Licensor (subject, however, to the provisions hereof) or any one claiming by, through or under Licensor. 
 16. Waiver of Claims. As to the period from and after the Commencement Date, notwithstanding anything to the contrary herein, each party hereto
waives all claims against the other party, its agents and employees for damage to property sustained by the waiving party resulting from damage to the License Areas or the Premises, as the case may be, its fixtures or any of the waiving party’s
personal property, or resulting directly or indirectly from any act or omission of the other party. This section 16 shall apply especially, but not exclusively, to damage caused by roof leakage, refrigerators, sprinkling devices, air conditioning
apparatus, water, steam, excessive heat or cold, falling plaster, broken glass, sewage, gas, odors or noise, or the bursting or leaking of pipes or plumbing fixtures and shall apply whether any such damage results from the act or omission of
Licensor or of any other person, and whether such damage be caused or result from anything above mentioned or referred to, or be of a different nature. All property belonging to the waiving party or any occupant of the License Areas or the Premises,
as the case may be, shall be there at the risk of the waiving party or such other occupant only, and the other party shall not be liable for damage thereto or theft or misappropriation thereof. The waiving party (and any such occupant) shall look to
any insurance coverage that it may have for recovery of any loss or damage to property that such waiving party or such occupant may sustain. 
 17. Surrender. On the related expiration dates or sooner termination of the License with respect to the related License Area, Licensee, if requested by Licensor or required by the restoration terms of the related Lease which would be
applicable to the related License Area in the event of the expiration or sooner termination of the related Lease, shall restore the related portion of the License Area to the condition existing on the Commencement Date insofar as the installations
and alterations were made by or on behalf of Licensee, ordinary wear and tear, fire and other casualty excepted (or if not so requested by Licensor, shall restore the related License Area only insofar as installations and alterations were made by or
on behalf of Licensee (or any assignee or sub-licensee of Licensee), to the condition required by such restoration provisions of the related Lease) 

  

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and otherwise comply with the surrender provisions of the Lease to the extent applicable to the License Area. Notwithstanding anything to the contrary
contained herein, in no event shall Licensee have any obligation to restore a License Area to the condition such space was in on the Commencement Date to the extent such restoration related to an alteration which was made to such space prior to the
Commencement Date. 
 18. Subordination. The License granted herein is subject and subordinate to all ground and underlying leases
affecting the real property of which the License Areas form a part and to all mortgages which may now or hereafter affect such leases or such real property. 
 19. Warranties. EXCEPT AS SET FORTH IN THIS LICENSE AGREEMENT, THE PARTIES DO NOT MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THIS LICENSE AGREEMENT, INCLUDING THE WARRANTIES OF MERCHANTABILITY OR
FITNESS FOR A PARTICULAR PURPOSE. 
 20. Inability To Perform. Neither party shall be responsible for delays in the performance of its
obligations caused by events beyond that party’s reasonable control, including, but not limited to, acts of God. 
 21. Good
Faith. The License Areas are of such configuration and is not of such size as to justify, in either case, in the opinion of the parties, entering into formal leases and/or subleases covering each of the License Area. The parties have therefore
entered into this License Agreement which, the parties recognize, is not dispositive of all matters and issues that may arise during the License Period with respect to the License Area. As and when issues and matters arise during the course of the
License Period that are not definitively controlled by the provisions of this License Agreement or the related lease, the parties shall act reasonably and in good faith endeavor to adjust and resolve such issues and matters. 
 22. No Contact With Landlord. Licensee shall not, directly or indirectly, communicate with or have contact of any kind with any landlord under the
Leases with respect to the License Area or landlord services or repairs or maintenance to be provided to the License Area or with regard to the Premises (the only exception to the foregoing being if Licensee shall wish to lease space in a building a
part of the Premises is located in) the intention hereof being that any communications or contact regarding any of the foregoing (except with regard to a separate leasing of space in such building by Licensee) shall be made solely to Licensor.

 23. Landlord’s Responsibilities. Licensee recognizes that Licensor is not in a position to furnish the services set forth in
the Leases, obtain an agreement of nondisturbance, or to perform certain other obligations which are not within the control of Licensor. If Licensor institutes an enforcement action to compel a landlord under a Lease to perform its obligations with
respect not only to the License Area but also with respect to other portions of the Premises, the reasonable costs and expenses of such 

  

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enforcement action shall be equitably apportioned so that, insofar as can be practically determined, each party shall bear its allocable share of such costs
and expenses. 
 24. Signage. Subject to the related Lease, (i) Licensor shall permit Licensee to install wall signs (whose size,
composition and content shall be subject to Licensor’s prior approval, which approval shall not be unreasonably withheld) in the Premises in on which the License Area is located (including the lobbies of such Premises) , and (ii) Licensor
shall afford Licensee its pro rata share (based on the ratio of Licensee employees to the sum of Licensor (including any affiliate and subsidiary but excluding Licensee) and Licensee employees at the Premises covered by the related Lease) of the
listings on, if any, the directory board of the License Area building afforded Licensor pursuant to the related Lease. At Licensee’s request, Licensor shall reasonably cooperate with Licensee (at no cost to Licensor) to request the applicable
landlord’s consent to the installation of any sign, permitted under the Lease but for which landlord’s consent is required before installing. 
 25. Parking. For each License Area (subject to the terms of the related Lease covering the License Area), Licensee shall have nonexclusive access to the parking spaces allocated to Licensor under the terms of
the related Lease. License shall have access to the parking area to the same extent Licensor has access to the parking area under the related Lease. Licensor shall, at Licensee’s request, reasonably cooperate with Licensee (at no cost to
Licensor) to request the applicable landlord to enable Licensee to obtain additional parking permits to the extent required by Licensee. If Licensor is charged for parking under any or all of the Leases, Licensor and Licensee shall determine an
equitable allocation of such parking charges. If Licensor has entered into an agreement with a landlord for the provision of parking spaces in addition to the spaces allocated under a Lease (at additional cost to Licensor), Licensor shall be
entitled to use all of such additional spaces. 
 26. Miscellaneous. 
 (a) Counterparts. This License Agreement may be executed in two or more counterparts, each of which will be deemed to be an original, but all of
which together will constitute one and the same instrument. 
 (b) Governing Law. This License Agreement shall, with respect to the
License Area, be governed by and construed in accordance with the laws of the particular area in which the related License Area is located. 
 (c) Section Headings. The section titles herein are for convenience only and do not define, limit or construe the contents of such sections. 
 (d) Attachments and Exhibits. All attachments and exhibits to this License Agreement are hereby made a part hereof as if fully set out herein. 
 (e) Severability. If any provision or provisions in this License Agreement is/are found to be in violation of any law or otherwise unenforceable,
all other provisions will remain unaffected and in full force and effect. 
  

 12 

 (f) Site Specific Agreements. The parties shall execute or cause their applicable subsidiaries to
execute any additional agreements as may be reasonably necessary to effectuate the intent of this License Agreement. 
 (g)
Subsidiaries. If any of the Premises are leased by a subsidiary of Licensor, (a) Licensor shall cause its subsidiary to license the applicable License Area to Licensee and to perform all of the requirements of Licensor hereunder as to
such Premises, (b) such subsidiary may exercise the rights of Licensor hereunder as to such Premises and (c) references herein to Licensor shall mean Licensor’s subsidiary as to such Premises. In addition, if any of the Premises are
currently occupied by a subsidiary of Licensee, (i) Licensee’s subsidiary shall have the right to occupy such License Area and exercise the rights of Licensee hereunder as to such Premises, (ii) Licensee shall cause its subsidiary to
perform all of the obligations of Licensee hereunder as to such License Area and (iii) references herein to Licensee shall mean Licensee’s subsidiary as to such License Area. 
 (h) Other. Time is of the essence with respect to the performance of every provision of this License Agreement in which time of performance is a
factor. When a party is required to do something by this License Agreement, it shall do so at its sole cost and expense without right of reimbursement from the other party unless specific provision is made therefor. Whenever one party’s consent
or approval is required to be given as a condition to the other party’s right to take any action pursuant to this License Agreement, unless another standard is expressly set forth, such consent or approval shall not be unreasonably withheld or
delayed. This License Agreement may be executed in counterparts. Any executed copy of this License Agreement shall be deemed an original for all purposes 
 27. Nonliability. Licensor and Licensee agree that neither their respective directors, officers, employees, shareholders nor any of their respective agents shall have any personal obligation hereunder, and that
Licensor and Licensee shall not seek to assert any claim or enforce any of their rights hereunder against such directors, officers, employees, shareholders or agents. 
 28. Binding Effect. This License Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, and shall not be modified except by an
express written agreement signed by duly authorized representative of both parties. 
 29. Cooperation. Should the parties desire to
license, sublease, or enter into any other office sharing agreement with each other for spaces and locations not set forth on Schedule [X], or to renew any license and consequently the related underlying Lease for any space or location set forth o
Schedule [X], then the parties agree to cooperate with each other and to provide reasonable assistance to each other in identifying new spaces and entering into new leases, subleases, or other agreements, as applicable, with landlords and other
related third parties as well as to cooperate and work with one another to reach mutually acceptable terms and provisions for any license, sublease or related agreement between each other. Without limiting any of the 

  

 13 

 
obligations herein, for any new lease, sublease, license or similar agreement between each other, the parties have decided to memorialize and be bound by the
following terms: 
 (a) The party entering into a new lease with a landlord, owner, or other third party shall be responsible for paying the
security deposit, as applicable, associated with entering into such agreement. 
 (b) Licensee shall not make any material alterations or
construct any material improvements to any space without the consent of Licensor, such consent to be determined in Licensor’s sole discretion. 
 (c) Within nine (9) months (or such longer period as may be required under a Lease) prior to the expiration of any Lease or any new lease not set forth on Schedule [X] entered into by either party and which the leased space is shared
with or licensed to the other, each party agrees (i) to notify the other whether it intends to continue sharing the space and (ii) to cooperate in determining which party, if any, shall renew such lease. 
 (d) If Licensor enters into a lease, sublease, or any similar agreement to use and occupy any space, and such space shall be used primarily by Licensee,
and Licensor shall not in any material respect occupy the space, then Licensee shall reimburse Licensor for all actual out of pocket expenses incurred by Licensor in connection with entering into the agreement and complying with the terms thereof.
To the extent both parties occupy the space, the calculation of any license fee, rent or payment of a similar nature shall be determined using the formula for the License Fee set forth in Section 3. 
 This provision shall survive the Term of this License Agreement. 
 IN WITNESS WHEREOF, the parties have duly executed this License Agreement as of the date first above written 
 LICENSOR: 
 EMC Corporation, 
 a Massachusetts corporation 
 By:  ___________________________ 
         Name: 
         Title: 
 LICENSEE: 
 VMware, Inc., a Delaware corporation 
 By:  ___________________________ 
         Name: 
         Title: 
  

 14Form of Insurance Matters Agreement

 EXHIBIT 10.11 
 FORM OF 
 INSURANCE MATTERS AGREEMENT 
 This Insurance Matters Agreement is dated as of [            ], 2007 by and between VMware,
Inc., a Delaware corporation (“VMware”), and EMC Corporation, a Massachusetts corporation (“EMC”). VMware and EMC are sometimes referred to herein separately as a “Party” and together as the “Parties”.
Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in Article I hereof. 
 RECITALS

 WHEREAS, EMC is the beneficial owner of all the issued and outstanding common stock of VMware; 
 WHEREAS, the Parties currently contemplate that VMware will make an initial public offering (the “Offering”) of its Class A common
stock pursuant to a Registration Statement on Form S-1 filed on April 26, 2007, as amended (the “Registration Statement”) under the Securities Act of 1933, as amended; 
 WHEREAS, EMC currently contracts with third-party insurers to maintain Insurance Coverage (as defined below) under the Schedule I Insurance
Policies (as defined below) for and on behalf of the VMware Entities (as defined below); 
 WHEREAS, following consummation of the
Offering, VMware desires for EMC to continue to maintain Insurance Coverage for and on behalf of the VMware Entities under the EMC Insurance Policies, as more fully set forth in this Agreement; and 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereto, for themselves and their respective successors and assigns, hereby covenant and agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.01 Definitions. (a) As used in this Agreement, the following terms shall have the following meanings, applicable both to the singular and the plural forms of the terms described: 
 “Agreement” means this Insurance Matters Agreement, together with the schedules and exhibits hereto, as the same may be amended and supplemented
from time to time in accordance with the provisions hereof. 
 “Contract” means any contract, agreement, lease, license, sales
order, purchase order, instrument or other commitment that is binding on any Person or any part of such Person’s property under applicable law. 

 “EMC Entities” means EMC and its Subsidiaries (other than the VMware Entities), and “EMC
Entity” means any one of the EMC Entities in place on the effective date of the Registration Statement and any entity which becomes a Subsidiary of EMC (other than any VMware Entity) after the date hereof. 
 “Insurance Policies” means insurance policies pursuant to which a Person makes a true risk transfer to an insurer. 
 “Insurance Proceeds” means those monies: (a) received by an insured from an insurance carrier; or (b) paid by an insurance carrier on
behalf of the insured; or (c) from Insurance Policies. 
 “Insured VMware Liability” means any VMware Liability to the extent
that it is covered under the terms of the Schedule I Insurance Policies or the EMC Insurance Policies in effect prior to the end of the Insurance Transition Period. 
 “Liabilities” means all debts, liabilities, guarantees, assurances, commitments and obligations, whether fixed, contingent or absolute, asserted or unasserted, matured or unmatured, liquidated or
unliquidated, accrued or not accrued, known or unknown, due or to become due, whenever or however arising (including, without limitation, whether arising out of any Contract or tort based on negligence or strict liability) and whether or not the
same would be required by generally accepted principles and accounting policies to be reflected in financial statements or disclosed in the notes thereto. 
 “Master Transaction Agreement” means the Master Transaction Agreement between the Parties of even date herewith. 
 “Offering Date” means the date on which the Offering is consummated. 
 “Person” means
any individual, partnership, limited liability company, joint venture, corporation, trust, unincorporated organization, government (including any department or agency thereof) or other entity. 
 “Schedule I” means the first Schedule attached hereto which lists the Insurance Policies to be maintained by EMC on behalf of or for the VMware
Entities and premium expenses and/or the methodology for calculating the premium expenses to be paid by VMware for insurance coverage under such Insurance Policies. 
 “Subsidiary” means, as to any Person, a corporation, limited liability company, joint venture, partnership, trust, association or other entity in which such Person: (1) beneficially owns, either
directly or indirectly, more than fifty percent (50%) of (A) the total combined voting power of all classes of voting securities of such entity, (B) the total combined equity interests, or (C) the capital or profits interest, in
the case of a partnership; or (2) otherwise has the power to vote, either directly or indirectly, sufficient securities to elect a majority of the board of directors or similar governing body. 
  

 2 

 “VMware Business” means the business of virtual infrastructure technology presently conducted
by VMware, as more completely described in the Registration Statement, or following the Offering Date, such business that is then conducted by VMware and described in its periodic filings with the U.S. Securities and Exchange Commission. 

“VMware Entities” means VMware, Inc. and its Subsidiaries, from time to time, and “VMware Entity” means any one of the VMware
Entities. 
 “VMware Liabilities” has the meaning set forth in the Master Transaction Agreement. 
 (b) Each of the following terms is defined in the Section set forth opposite such term: 
  

			
	 TERM
	  	 SECTION

	 Action
	  	3.01
	 EMC
	  	Preamble
	 EMC Indemnified Person
	  	2.09
	 EMC Insurance Policies
	  	2.01(a)
	 Insurance Coverage
	  	2.01(a)
	 Insurance Expenses
	  	2.01(b)
	 Insurance Transition Period
	  	2.01(a)
	 Offering
	  	Preamble
	 Parties
	  	Preamble
	 Party
	  	Preamble
	 Registration Statement
	  	Preamble
	 Recovery Expenses
	  	2.05
	 Risk Manager
	  	2.06
	 Schedule I Insurance Policies
	  	2.01(a)
	 VMware Covered Parties
	  	2.01(a)
	 VMware
	  	Preamble

 Section 1.02 Internal References. Unless the context indicates otherwise, references to
Articles, Sections and paragraphs shall refer to the corresponding articles, sections and paragraphs in this Agreement and references to the parties shall mean the parties to this Agreement. 
 ARTICLE II 
 INSURANCE MATTERS 
 Section 2.01 VMware Insurance Coverage During Transition Period. 
 (a) The Parties recognize that prior to the Offering Date, EMC has contracted with third-party insurers to maintain insurance coverage under the Insurance Policies listed in Part (a) of Schedule I (the
“Schedule I Insurance Policies”) that cover and are for the benefit of, among others, the VMware Entities and their respective directors, officers and employees (collectively, the “VMware Covered Parties”). Throughout the period
beginning on the Offering Date and 

  

 3 

 
ending upon the termination or expiration of this Agreement in accordance with Article IV hereof (the “Insurance Transition Period”), EMC shall
continue to contract with third-party insurers to maintain insurance coverage (the “Insurance Coverage”) under Insurance Policies covering and for the benefit of the VMware Covered Parties (collectively, the “EMC Insurance
Policies”; each individually, an “EMC Insurance Policy”), which are comparable to the Schedule I Insurance Policies maintained by EMC covering the VMware Covered Parties prior to the Offering Date. 
 (b) Except to the extent that EMC allocates a portion of EMC’s insurance costs to the VMware Entities, upon receipt of a written invoice from EMC,
VMware shall promptly pay or reimburse EMC, as the case may be, for the VMware Covered Parties’ pro rata portion of the premium expenses and deductibles, any retention amounts and any other costs and expenses (collectively, “Insurance
Expenses”) which EMC may incur in connection with the Schedule I Insurance Policies or the EMC Insurance Policies, including but not limited to any retroactive or subsequent premium adjustments, calculated as set forth in Part (b) of
Schedule I. Notwithstanding the preceding sentence, (i) VMware shall not be required to pay or reimburse EMC, as the case may be, for retroactive premium adjustments applicable to any period prior to the Offering Date and (ii) the
reimbursement of Recovery Expenses shall be subject to Section 2.05 hereof. The written invoice shall set forth in reasonable details the amount and manner of calculation of the Insurance Expenses being charged and the EMC Insurance Policies
and the period of Insurance Coverage to which such Insurance Expenses relate. The VMware Covered Parties’ pro rata portion of any deductible or retention amount shall be an amount equal to the full amount of the applicable deductible or
retention amount multiplied by the VMware Covered Parties’ applicable pro rata percentage of premium expenses payable to EMC under the EMC Insurance Policies. The VMware Covered Parties’ pro rata portion of other costs and expenses shall
be calculated as set forth in Part (b) of Schedule I. 
 (c) EMC shall provide VMware with prompt written notice of any increase in
rates for Insurance Coverage maintained under any EMC Insurance Policy, any premium increase or other material change to any EMC Insurance Policy. VMware shall not be required to pay or reimburse EMC, as the case may be, for any increase of greater
than 5% in the applicable rates for Insurance Coverage maintained under any EMC Insurance Policy in any given calendar year during the Insurance Transition Period. 
 Section 2.02 Cooperation; Payment of Insurance Proceeds to VMware; Agreement Not to Release Carriers. Subject to the provisions of Section 3.5 of the Master Transaction Agreement, each Party shall share
such information as is reasonably necessary in order to permit the other Party to manage and conduct its insurance matters in an orderly fashion. EMC, at the request of VMware, shall cooperate with and use its reasonable best efforts to assist
VMware in recovering Insurance Proceeds under the Schedule I Insurance Policies or the EMC Insurance Policies for claims relating to the VMware Business, the assets of VMware or VMware Liabilities, whether such claims arise under any Contract or
agreement, by operation of law or otherwise, existing or arising from any past acts or events occurring or failing to occur or alleged to have occurred or to have failed to occur or any conditions existing or alleged to have existed before the
Offering Date, on the Offering Date or during the Insurance Transition Period, and EMC shall promptly pay any such recovered Insurance Proceeds to VMware. Neither EMC nor VMware, nor any of their respective Subsidiaries, shall take any action which
would 

  

 4 

 
intentionally jeopardize or otherwise interfere with the other Party’s ability to collect any proceeds payable pursuant to any Insurance Policy. Except
as otherwise contemplated by this Agreement or any other agreement between the Parties with effect from the Offering Date, neither EMC nor VMware (and each Party shall ensure that no affiliate of such Party), without the consent of the other Party
(such consent not to be unreasonably withheld), shall provide any insurance carrier with a release, or amend, modify or waive any rights under any such policy or agreement, if such release, amendment, modification or waiver would adversely affect
any rights or potential rights of the other Party (or its Subsidiary) thereunder. However, no right or obligation of either Party arising solely in connection with the recovery or collection of Insurance Proceeds or the provision to any insurance
carrier of a release, amendment, modification or waiver of rights pursuant to this Section 2.02 shall (A) preclude any EMC Entity or any VMware Entity from presenting any claim or from exhausting any policy limit, (B) except as
otherwise required under the terms of this Agreement, require any EMC Entity or any VMware Entity to pay any premium or other amount or to incur any Liability, or (C) except as otherwise required under the terms of this Agreement, require any
EMC Entity or VMware Entity to renew, extend or continue any policy in force. 
 Section 2.03 VMware Insurance Coverage After the
Insurance Transition Period. After the expiration of the Insurance Transition Period, VMware shall be responsible for obtaining and maintaining Insurance Policies in respect of the VMware Entities’ risk of loss and such insurance
arrangements shall be separate and apart from the EMC Insurance Policies, provided that nothing herein shall be deemed to be a relinquishment of any rights of a VMware Covered Party under any Schedule I Insurance Policies or EMC Insurance Policies
written on an occurrence basis issued prior to the termination of the Insurance Transition Period. 
 Section 2.04 Deductibles and
Self-Insured Obligations. Subject to the provisions of Section 2.01(b), solely with respect to VMware Liabilities and Insured VMware Liabilities, VMware shall reimburse EMC for all amounts necessary to exhaust or otherwise to satisfy all
applicable self-insured retentions, amounts for fronted policies, deductibles and retrospective premium adjustments and similar amounts not covered by the Schedule I Insurance Policies or the EMC Insurance Policies to the extent that EMC is required
to pay any such amounts. 
 Section 2.05 Procedures with Respect to Insured VMware Liabilities. 
 (a) Upon receipt of a reasonably detailed, itemized invoice from EMC, VMware shall promptly reimburse EMC for all amounts reasonably incurred by EMC in
pursuing insurance recoveries (“Recovery Expenses”) from the Schedule I Insurance Policies and the EMC Insurance Policies in respect of Insured VMware Liabilities covered by such policies. To the extent any such Recovery Expenses relate to
pursuing insurance recoveries in respect of both Insured VMware Liabilities and insured Liabilities of EMC under such policies, VMware shall only reimburse EMC for Recovery Expenses relating to the Insured VMware Liabilities. 
 (b) The defense of claims, suits or actions giving rise to potential or actual Insured VMware Liabilities shall be managed (in conjunction with
EMC’s insurers, as appropriate) by VMware, except such claims, suits or actions giving rise to potential or actual Liabilities of EMC, in which case the defense of such claims, suits or actions shall be jointly managed (in conjunction with
EMC’s insurers, as appropriate) by VMware and EMC. 
  

 5 

 Section 2.06 Risk Managers. During the Insurance Transition Period, each of EMC and VMware shall
appoint one of their respective employees as a risk manager (each, a “Risk Manager”) who will have overall responsibility for managing and coordinating the EMC Insurance Policies, including ensuring that there is adequate Insurance
Coverage for VMware Covered Parties and for all matters related thereto. The Risk Managers will use their reasonable efforts to consult and coordinate with each other on issues arising under this Agreement with respect to the Insurance Coverage to
be maintained for or on behalf of the VMware Covered Parties pursuant to this Agreement. 
 Section 2.07 Cooperation. EMC and VMware
shall cooperate with each other in all respects, and shall execute any additional documents which are reasonably necessary, to effectuate the provisions of this Article II. 
 Section 2.08 No Assignment or Waiver. This Agreement shall not be considered as an attempted assignment of any policy of insurance or as a
contract of insurance and shall not be construed to waive any right or remedy of any EMC Entity in respect of any Insurance Policy or any other contract or policy of insurance. 
 Section 2.09 No Liability. VMware does hereby, for itself and as agent for each other VMware Entity, agree that no EMC Entity or its respective
directors, officers, agents and employees (each EMC Entity and each of its respective directors, officers, agents and employees, an “EMC Indemnified Person”) shall have any Liability whatsoever as a result of the insurance policies and
practices of EMC and its Subsidiaries as in effect at any time prior to the end of the Insurance Transition Period, including as a result of the level or scope of any such insurance, the creditworthiness of any insurance carrier, the terms and
conditions of any policy, or the adequacy or timeliness of any notice to any insurance carrier with respect to any claim or potential claim or otherwise, except for Liabilities resulting from any breach of this Agreement, the Schedule I Insurance
Policies or the EMC Insurance Policies on the part of any EMC Indemnified Person, or the gross negligence, bad faith or willful misconduct of any EMC Indemnified Person in connection with this Agreement, the Schedule I Insurance Policies or the EMC
Insurance Policies. 
 Section 2.10 Additional or Alternate Insurance. Notwithstanding any other provision of this Agreement, during
the Insurance Transition Period, EMC and VMware shall work together to evaluate insurance options and secure additional or alternate insurance for VMware and/or EMC if desired by and cost effective for VMware and EMC, as determined by the mutual
consent of the Parties. Nothing in this Agreement shall be deemed to restrict any VMware Entity from acquiring at its own expense any other Insurance Policy in respect of any Liabilities or covering any period. 
 Section 2.11 Further Agreements. The Parties acknowledge that they intend to allocate financial obligations without violating any laws regarding
insurance, self-insurance or other financial responsibility. If it is determined that any action undertaken pursuant to this Agreement or any related agreement is violative of any insurance, self-insurance or related 

  

 6 

 
financial responsibility law or regulation, the Parties agree to work together to do whatever is necessary to comply with such law or regulation while trying
to accomplish, as much as possible, the allocation of financial obligations as intended in this Agreement or any such related agreement. 
 ARTICLE III 
 INDEMNIFICATION 
 Section 3.01 VMware agrees to indemnify and hold harmless each EMC Indemnified Person from and against any damages related to, and to reimburse each EMC Indemnified Person for all reasonable expenses (including,
without limitation, attorneys’ fees) as they are incurred in connection with, pursuing or defending any claim, action or proceeding, (collectively, “Actions”), arising out of or in connection with the EMC Insurance Policies, including
as a result of the level or scope of any such insurance, the creditworthiness of any insurance carrier, the terms and conditions of any policy, or the adequacy or timeliness of any notice to any insurance carrier with respect to any claim or
potential claim or otherwise, or this Agreement, but solely to the extent such Action arises out of or relates to the breach by, or the gross negligence, bad faith or willful misconduct of, any VMware Covered Party in connection with this Agreement,
the Schedule I Insurance Policies or the EMC Insurance Policies; and provided that, VMware shall not be responsible for any damages incurred by any EMC Indemnified Person that result from any breach of this Agreement, the Schedule I
Insurance Policies or the EMC Insurance Policies on the part of any EMC Indemnified Person, or the gross negligence, bad faith or willful misconduct of any EMC Indemnified Person in connection with this Agreement, the Schedule I Insurance Policies
or the EMC Insurance Policies. 
 Section 3.02 EMC agrees to indemnify and hold harmless each VMware director, officer, agent and employee
from and against any damages related to, and to reimburse each such individual for all reasonable expenses (including, without limitation, attorneys’ fees) as they are incurred in connection with, pursuing or defending any Action arising out of
or related to the breach by, or the gross negligence, bad faith or willful misconduct of, any EMC Indemnified Person in connection with this Agreement or the EMC Insurance Policies; provided that, EMC shall not be responsible for any
damages incurred by any VMware director, officer, agent or employee that result from any breach of this Agreement, the Schedule I Insurance Policies or the EMC Insurance Policies on the part of any VMware Covered Party, or the gross negligence, bad
faith or willful misconduct of any VMware Covered Party in connection with this Agreement, the Schedule I Insurance Policies or the EMC Insurance Policies. 
 ARTICLE IV 
 TERM AND TERMINATION 
 Section 4.01 Term. Except as otherwise provided in this Article IV or as otherwise agreed in writing by the Parties: 
 (a) This Agreement shall have a term commencing on the Offering Date and ending on the date that is forty-five (45) days after the date upon which
the EMC Entities hold shares of VMware common stock representing less than a majority of the votes entitled to be cast by all holders of such common stock; and 
  

 7 

 (b) EMC’s obligation to maintain Insurance Coverage for the VMware Entities under the EMC Insurance
Policies, and VMware’s obligation to pay or reimburse EMC, as the case may be, for Insurance Expenses which EMC may incur in connection with such Insurance Coverage shall cease as of the applicable date determined in accordance with this
Article IV. EMC shall provide VMware with prior written notice of termination of this Agreement pursuant to Section 4.01(a) as soon as reasonably practical after EMC’s determination of the date upon which the EMC Entities hold shares of
VMware common stock representing less than a majority of the votes entitled to be cast by all holders of VMware common stock. 
 Section 4.02
Termination. 
 (a) VMware may terminate this Agreement at any time, effective as of the last day of a month, provided that
(i) VMware has contracted with third-party insurers reasonably acceptable to EMC to maintain insurance coverage under Insurance Policies covering and for the benefit of the VMware Covered Parties, which Insurance Policies, in the reasonable
judgment of EMC, provide no less coverage than the EMC Insurance Policies in effect as of the date of such termination and (ii) VMware has given EMC written notice of such termination prior to the first day of such month. 
 (b) Either Party may terminate this Agreement at any time if the other Party shall have failed to
perform any of its material obligations under this Agreement, such Party shall have notified the other Party in writing of such failure, and such failure shall have continued for a period of at least thirty (30) days after receipt by the other
Party of written notice of such failure, effective as of such 30th day. 
 Section 4.03 Effect of Termination. Other than as required by law, upon the effective date of the termination of this Agreement pursuant to
Section 4.02, or upon termination of this Agreement in accordance with its terms, EMC shall have no further obligation to maintain Insurance Coverage under the EMC Insurance Policies in respect of the VMware Covered Parties and VMware shall
have no obligation to pay for any Insurance Expenses which EMC may incur in connection with such Insurance Policies or to make any other payments hereunder; provided that, notwithstanding such termination, (i) except to the extent
that EMC allocates a portion of its insurance costs to the VMware Entities, VMware shall remain liable to EMC for (1) the VMware Covered Parties’ pro rata portion of those Insurance Expenses and (2) any Recovery Expenses, which EMC
has incurred in connection with Insurance Coverage for the benefit of the VMware Covered Parties pursuant to EMC Insurance Policies or Schedule I Insurance Policies for the period prior to the effective date of such termination and (ii) the
provisions of Section 2.08, Article III, this Article IV and Article V shall survive any such termination indefinitely. 
  

 8 

 ARTICLE V 
 MISCELLANEOUS 
 Section 5.01 Other Agreements. In the event there is any inconsistency between
the provisions of this Agreement and the respective provisions of the Master Transaction Agreement, the provisions of this Agreement shall govern. 
 Section 5.02 No Agency. Nothing in this Agreement shall constitute or be deemed to constitute a partnership or joint venture between the Parties hereto or constitute or be deemed to constitute any Party the agent or employee of the
other Party for any purpose whatsoever, and neither Party shall have authority or power to bind the other Party or to contract in the name of, or create a liability against, the other Party in any way or for any purpose. 
 Section 5.03 Force Majeure. 
 (a) For
purposes of this Section 5.03, “Force Majeure” means an event beyond the control of either Party, which by its nature could not have been foreseen by such Party, or, if it could have been foreseen, was unavoidable, and includes
without limitation, acts of God, storms, floods, riots, fires, sabotage, civil commotion or civil unrest, interference by civil or military authorities, acts of war (declared or undeclared) and failure of energy sources. 
 (b) Continued maintenance of Insurance Coverage for the benefit of the VMware Covered Parties pursuant to the EMC Insurance Policies may be suspended
immediately to the extent caused by Force Majeure. The Party claiming suspension of such Insurance Coverage due to Force Majeure will give prompt notice to the other of the occurrence of the event giving rise to the suspension and of its nature and
anticipated duration. The Parties shall cooperate with each other to find alternative means and methods for the provision of the suspended insurance coverage. 
 (c) Without limiting the generality of Section 2.08, neither Party shall be under any liability for failure to fulfill any obligation under this Agreement, so long as and to the extent to which the fulfillment of
such obligation is prevented, frustrated, hindered, or delayed as a consequence of circumstances of Force Majeure. 
 Section 5.04 Entire
Agreement. This Agreement (including the schedules constituting a part of this Agreement) and any other writing signed by the Parties that specifically references or is specifically related to this Agreement constitute the entire agreement among
the Parties with respect to the subject matter hereof and supersede all prior agreements, understandings and negotiations, both written and oral, between the Parties with respect to the subject matter hereof. This Agreement is not intended to confer
upon any Person other than the Parties hereto any rights or remedies hereunder. 
 Section 5.05 Information. Subject to applicable law
and privileges, each Party hereto covenants with and agrees to provide to the other Party all information regarding itself and transactions under this Agreement that the other Party reasonably believes is required to comply with all applicable
federal, state, county and local laws, ordinances, regulations and codes, including, but not limited to, securities laws and regulations. 
  

 9 

 Section 5.06 Notices. Any notice, instruction, direction or demand under the terms of this
Agreement required to be in writing shall be duly given upon delivery, if delivered by hand, facsimile transmission, or mail (with postage prepaid), to the following addresses: 
  

	 	(a)	If to EMC, to: 

 Office of the General
Counsel 
 176 South Street 
 Hopkinton, MA 01748 
 Fax: (508) 497-6915 
  

	 	(b)	If to VMware, to: 

 Legal Department

 3401 Hillview Avenue 
 Palo Alto, CA 94304 
 Fax: (650) 475-5101 
 or to such other addresses or telecopy numbers as may be specified by like notice to the other Party. 
 Section 5.07 Governing Law. This Agreement, including the validity hereof and the rights and obligations of the Parties hereunder, shall be
construed in accordance with and shall be governed by the laws of The Commonwealth of Massachusetts applicable to contracts made and to be performed entirely in such Commonwealth (without giving effect to the conflicts of laws provisions thereof).

 Section 5.08 Severability. If any terms or other provision of this Agreement or the Schedules or exhibits hereto shall be
determined by a court, administrative agency or arbitrator to be invalid, illegal or unenforceable, such invalidity or unenforceability shall not render the entire Agreement invalid. Rather, this Agreement shall be construed as if not containing the
particular invalid, illegal or unenforceable provision, and all other provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected
in any manner materially adverse to either Party. Upon such determination that any term or other provision is invalid, illegal or unenforceable, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent
of the Parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the fullest extent permitted under applicable law. 
 Section 5.09 Third Party Beneficiary. None of the provisions of this Agreement shall be for the benefit of or enforceable by any third party,
including any creditor of any Person. No 

  

 10 

 
such third party shall obtain any right under any provision of this Agreement or shall by reasons of any such provision make any claim in respect of any
Liability (or otherwise) against either Party hereto. 
 Section 5.11 Amendment. This Agreement may only be amended by a written
agreement executed by both Parties hereto. 
 Section 5.12 Counterparts. This Agreement may be executed in separate counterparts, each
of which shall be deemed an original and all of which, when taken together, shall constitute one and the same agreement. 
 Section 5.13
Authority. Each of the Parties represent to the other Party that (a) it has the corporate or other requisite power and authority to execute, deliver and perform this Agreement, (b) the execution, delivery and performance of this
Agreement by it have been duly authorized by all necessary corporate or other actions, (c) it has duly and validly executed and delivered this Agreement, and (d) this Agreement is its legal, valid and binding obligation, enforceable
against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general equity principles. 
 [Signature Page Follows] 
  

 11 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be signed by their duly authorized
representatives. 
  

			
	 EMC CORPORATION

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 VMWARE, INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:

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