Document:

EX-10.6

 Exhibit 10.6 
  

 
 DELL TECHNOLOGIES INC. 

AMENDED AND RESTATED CLASS C STOCKHOLDERS AGREEMENT 

Dated as of [●], 2018 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
		 	ARTICLE I	  			
	 	 	DEFINITIONS	  	 	 
			
	 Section 1.1.
	 	 Definitions
	  	 	2	
	 Section 1.2.
	 	 General Interpretive Principles
	  	 	11	
			
	 	 	ARTICLE II	  	 	 
	 	 	REPRESENTATIONS AND WARRANTIES	  	 	 
			
	 Section 2.1.
	 	 Representations and Warranties of the Stockholders
	  	 	12	 
	 Section 2.2.
	 	 Acknowledgement by the Company
	  	 	12	
			
	 	 	ARTICLE III	  	 	 
	 	 	TRANSFER RESTRICTIONS	  	 	 
			
	 Section 3.1.
	 	 General Restrictions on Transfers
	  	 	13	 
	 Section 3.2.
	 	 Permitted Transfers
	  	 	15	
	 Section 3.3.
	 	 Tag-Along Rights
	  	 	16	
	 Section 3.4.
	 	 Black-Out Periods
	  	 	20	
			
	 	 	ARTICLE IV	  	 	 
	 	 	ADDITIONAL AGREEMENTS	  	 	 
			
	 Section 4.1.
	 	 Further Assurances
	  	 	22	
	 Section 4.2.
	 	 Confidentiality
	  	 	22	
	 Section 4.3.
	 	 Cooperation with Reorganizations
	  	 	23	
	 Section 4.4.
	 	 Reporting
	  	 	23	
	 Section 4.5.
	 	 Registration of Applicable High Vote Stock
	  	 	24	
			
	 	 	ARTICLE V	  	 	 
	 	 	MISCELLANEOUS	  	 	 
			
	 Section 5.1.
	 	 Entire Agreement
	  	 	24	
	 Section 5.2.
	 	 Specific Performance
	  	 	24	
	 Section 5.3.
	 	 Governing Law
	  	 	25	
	 Section 5.4.
	 	 Submissions to Jurisdictions; WAIVER OF JURY TRIAL
	  	 	25	
	 Section 5.5.
	 	 Obligations
	  	 	26	
	 Section 5.6.
	 	 Consents, Approvals and Actions
	  	 	26	
	 Section 5.7.
	 	 Amendment; Waiver
	  	 	27	
	 Section 5.8.
	 	 Assignment of Rights By New Class C Stockholders
	  	 	28	 
	 Section 5.9.
	 	 Transfers to Permitted Transferees
	  	 	28	
	 Section 5.10.
	 	 Binding Effect
	  	 	28	
	 Section 5.11.
	 	 Third Party Beneficiaries
	  	 	28	
	 Section 5.12.
	 	 Termination
	  	 	28	
	 Section 5.13.
	 	 Notices
	  	 	28	

  
 i 

							
	 Section 5.14.
	 	 No Third Party Liability
	  	 	30	
	 Section 5.15.
	 	 No Partnership
	  	 	31	
	 Section 5.16.
	 	 Aggregation; Beneficial Ownership
	  	 	31	
	 Section 5.17.
	 	 Severability
	  	 	31	
	 Section 5.18.
	 	 Counterparts
	  	 	31	
	 Section 5.19.
	 	 Effectiveness
	  	 	31	

 ANNEXES 

ANNEX A - FORM OF JOINDER AGREEMENT 

ANNEX B - FORM OF SPOUSAL CONSENT 

  
 ii 

 DELL TECHNOLOGIES INC. 

CLASS C STOCKHOLDERS AGREEMENT 

This AMENDED AND RESTATED CLASS C STOCKHOLDERS AGREEMENT is made as of [●], 2018, by and among Dell Technologies Inc., a Delaware
corporation (together with its successors and assigns, the “Company”), and each of the following (hereinafter severally referred to as a “Stockholder” and collectively referred to as
the “Stockholders”): 
  

	 	(a)	 Michael S. Dell (“MD”) and Susan Lieberman Dell Separate Property Trust (the “SLD
Trust” and together with MD and their respective Permitted Transferees (as defined herein) that acquire Common Stock (as defined herein), the “MD Stockholders”); 

 

	 	(b)	 Silver Lake Partners III, L.P., a Delaware limited partnership, Silver Lake Technology Investors III, L.P., a
Delaware limited partnership, Silver Lake Partners IV, L.P., a Delaware limited partnership, Silver Lake Technology Investors IV, L.P., a Delaware limited partnership, and SLP Denali Co-Invest, L.P., a
Delaware limited partnership (collectively, and together with their respective Permitted Transferees that acquire Common Stock, the “SLP Stockholders,” and together with the MD Stockholders, the “Sponsor
Stockholders”); and 

  

	 	(c)	 Venezio Investments Pte. Ltd., a Singapore corporation (the “Initial Class C
Stockholder,” and together with its Permitted Transferees that acquire Common Stock, the “New Class C Stockholders”). 

WHEREAS, certain of the parties hereto are party to that certain Class C Stockholders Agreement, dated as of September 7, 2016 (the
“Original Agreement”); 
 WHEREAS, pursuant to an Agreement and Plan of Merger, dated as of July 1, 2018 (as further
amended, restated, supplemented or modified from time to time, the “Merger Agreement”), by and between the Company and Teton Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“Merger
Sub”), Merger Sub will be merged with and into the Company (the “Merger”), with the Company as the surviving corporation; 

WHEREAS, in connection with the execution of the Merger Agreement, the Company, the MD Stockholders and the SLP Stockholders wish to make
certain changes to the Original Agreement, effective upon the consummation of the Merger; 
 WHEREAS, pursuant to, and subject to the terms
and conditions set forth in, Section 5.9 of that certain MSD Partners Stockholders Agreement, dated as of the date hereof, the Company, the MSD Partners Stockholders and the MSD Partners Co-Investors (as
defined herein) agreed to terminate the rights and obligations of the MSD Partners Stockholders and the MSD Partners Co-Investors under the Original Agreement; and 

  
 1 

 WHEREAS, the undersigned parties desire to amend and restate the Original Agreement as set
forth herein pursuant to Section 6.7 of the Original Agreement; 
 NOW, THEREFORE, in consideration of the
agreements and obligations set forth herein and for other good and valuable consideration, the receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree that the Original Agreement is, as of the
Closing Date and subject to Section 5.19, amended and restated in its entirety as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1. Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 

“Additional Consideration” has the meaning ascribed to such term in Section 3.3(a). 

“Affiliate” means, with respect to any Person, any other Person that controls, is controlled by, or is under common control
with such Person. The term “control” means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or
otherwise. The terms “controlled” and “controlling” have meanings correlative to the foregoing. Notwithstanding the foregoing, for purposes of this Agreement, (i) the Company, its Subsidiaries and its other
controlled Affiliates (including VMware and its subsidiaries) shall not be considered Affiliates of any of the Sponsor Stockholders or any of such party’s Affiliates (other than the Company, its Subsidiaries and its other controlled
Affiliates), (ii) none of the MD Stockholders and the MSD Partners Stockholders, on the one hand, and/or the SLP Stockholders, on the other hand, shall be considered Affiliates of each other, and (iii) except with respect to
Section 5.14, none of the Sponsor Stockholders shall be considered Affiliates of (x) any portfolio company in which any of the Sponsor Stockholders or any of their investment fund Affiliates have made a debt or equity
investment (and vice versa) or (y) any limited partners, non-managing members or other similar direct or indirect investors in any of the Sponsor Stockholders or their affiliated investment funds. 

“Agreement” means this Amended and Restated Class C Stockholders Agreement (including the schedules, annexes attached
hereto) as the same may be amended, restated, supplemented or modified from time to time. 
 “Anticipated Closing Date”
means the anticipated closing date of any proposed Qualified Sale Transaction, as determined in good faith by the Board on the Applicable Date. 

“Applicable Date” means, with respect to any proposed Qualified Sale Transaction, the date that a definitive agreement is
entered into with the applicable purchaser providing for such Qualified Sale Transaction. 

  
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 “Applicable High Vote Stock” means (i) a class or series of Common
Stock (as defined in the Company’s Fifth Amended and Restated Certificate of Incorporation) other than the Class A Common Stock or the Class B Common Stock, or (ii) a class or series of preferred stock into which the Class A
Common Stock and/or Class B Common Stock has been or is entitled to be exchanged or converted, in each case of clause (i) and (ii), that is entitled to more votes per share than the Class C Common Stock in the election of directors
and with respect to other matters on which holders of such voting securities of the Company are generally entitled to vote. 

“beneficial ownership” and “beneficially own” and similar terms have the meaning set forth in Rule 13d-3 under the Exchange Act; provided, however, that (i) subject to Section 5.16, no party hereto shall be deemed to beneficially own any Securities held by
any other party hereto solely by virtue of the provisions of this Agreement (other than this definition) or other similar agreement with the Company and/or its Subsidiaries, and (ii) with respect to any Securities held by a party hereto that
are exercisable for, convertible into or exchangeable for shares of Common Stock upon delivery of consideration to the Company or any of its Subsidiaries, such shares of Common Stock shall not be deemed to be beneficially owned by such party unless,
until and to the extent such Securities have been exercised, converted or exchanged and such consideration has been delivered by such party to the Company or such Subsidiary. 

“Board” means the Board of Directors of the Company. 

“Business Day” means a day, other than a Saturday, Sunday or other day on which banks located in New York, New York, Austin,
Texas or San Francisco, California are authorized or required by law to close. 
 “Class A Common Stock”
means the Class A Common Stock, par value $0.01 per share, of the Company. 
 “Class B Common
Stock” means the Class B Common Stock, par value $0.01 per share, of the Company. 
 “Class C
Common Stock” means the Class C Common Stock, par value $0.01 per share, of the Company. 

“Class D Common Stock” means the Class D Common Stock, par value $0.01 per share, of the Company.

 “Closing” has the meaning ascribed to such term in the Merger Agreement. 

“Closing Class C Common Stock” means the shares of Class C Common Stock purchased by the Initial
Class C Stockholder at the EMC Closing pursuant to the Subscription Agreement. 
 “Closing Date” has the meaning
ascribed to such term in the Merger Agreement. 
 “Code” means the U.S. Internal Revenue Code of 1986, as amended. 

  
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 “Common Stock” means the Class A Common Stock, the Class B Common
Stock, the Class C Common Stock, the Class D Common Stock and any other series or class of common stock of the Company. 

“Company” has the meaning ascribed to such term in the Preamble. 

“Company Stock Option” means an option to subscribe for, purchase or otherwise acquire shares of Common Stock. 

“Confidential Information” has the meaning ascribed to such term in Section 4.2. 

“Debt Commitment Letter” means the Facilities Commitment Letter, dated October 12, 2015, among the Company, Denali
Intermediate Inc., Dell Inc. and Credit Suisse AG, Credit Suisse Securities (USA) LLC, JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, Bank of America, N.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Bank PLC,
Citigroup Global Markets Inc., Citibank, N.A., Citicorp USA, Inc., Citicorp North America, Inc., Goldman Sachs Bank USA, Goldman Sachs Lending Partners LLC, Deutsche Bank AG New York Branch, Deutsche Bank AG Cayman Islands Branch, Deutsche Bank
Securities Inc., Royal Bank of Canada and RBC Capital Markets. 
 “Dell” means Dell Inc., a Delaware corporation and
wholly-owned subsidiary of Intermediate. 
 “Disabling Event” means either the death, or the continuation of any
disability, of MD. For this purpose, “disability” means any physical or mental disability or infirmity that prevents the performance of MD’s duties as a director or Chief Executive Officer of the Company for a period of one hundred
eighty (180) consecutive days. 
 “Distributed Equity Securities” means any equity securities received by the New
Class C Stockholders as a dividend or distribution on the Closing Class C Common Stock or in respect of any other Distributed Equity Securities, in each case excluding any equity securities that constitute Marketable Securities at the time
of their receipt by the New Class C Stockholders. 
 “DTI Securities” means the Common Stock, any equity or debt
securities exercisable or exchangeable for, or convertible into Common Stock, and any option, warrant or other right to acquire any Common Stock or such equity or debt securities of the Company. 

“Electing Tag-Along Sellers” has the meaning ascribed to such term in
Section 3.3(b). 
 “Electronic Transmission” means any form of communication, not directly
involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient thereof, and that may be directly reproduced in paper form by such a recipient through an automated process. 

“Eligible Tag-Along Seller” means the New Class C Stockholders and any of their
Permitted Transferees in any Tag-Along Sale. 

  
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 “EMC” means EMC Corporation, a Massachusetts corporation and indirect
wholly-owned subsidiary of the Company. 
 “EMC Closing” has the meaning ascribed to the term “Closing” in the
Subscription Agreement. 
 “EMC Closing Date” means September 7, 2016. 

“ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and
regulations promulgated pursuant thereto. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time
to time, and the rules and regulations promulgated pursuant thereto. 
 “Immediate Family Members” means, with respect to
any natural person (i) such natural person’s spouse, children (whether natural or adopted as minors), grandchildren or more remote descendants and (ii) the lineal descendants of each of the persons described in the immediately
preceding clause (i). 
 “Initial Class C Stockholder” has the meaning ascribed to such term in the
Preamble. 
 “Initiating Tag-Along Seller” means the MD Stockholders. 

“Joinder Agreement” means a joinder agreement substantially in the form of Annex A attached hereto.

 “Marketable Securities” means securities that (i) are traded on the New York Stock Exchange and/or the Nasdaq Stock
Market or any successor thereto, (ii) are, at the time of consummation of the applicable transfer, registered, pursuant to an effective registration statement and will remain registered until such time as such securities can be sold by the
holder thereof pursuant to Rule 144 (or any successor provision) under the Securities Act, as such provision is amended from time to time, without any volume or manner of sale restrictions, (iii) are not subject to restrictions on transfer as a
result of any applicable contractual provisions or by law (including the Securities Act) and (iv) the aggregate amount of which securities received by the New Class C Stockholders in any Tag-Along
Sale or Qualified Sale Transaction do not constitute 10% or more of the issued and outstanding securities of such class on a pro forma basis after giving effect to such transaction. For the purpose of this definition, Marketable Securities
are deemed to have been received on the trading day immediately prior to (x) the date that such cash and/or Marketable Securities are received by the New Class C Stockholders if not received in a Qualified Sale Transaction or (y) if
received in a Qualified Sale Transaction, the Applicable Date. 
 “MD” has the meaning ascribed to such term in the
Preamble. 
 “MD Charitable Entity” means the Michael & Susan Dell Foundation and any other private foundation or
supporting organization (as defined in Section 509(a) of the Code) established and principally funded directly or indirectly by MD and/or his spouse. 

  
 5 

 “MD Fiduciary” means any trustee of an inter vivos or testamentary trust
appointed by MD. 
 “MD Immediate Family Member” means, with respect to any MD Stockholder that is a natural person,
(i) such natural person’s spouse, children (whether natural or adopted as minors), grandchildren or more remote descendants, siblings, spouse’s siblings and (ii) the lineal descendants of each of the persons described in the
immediately preceding clause (i). 
 “MD Related Parties” means any or all of MD, the MD Stockholders, the MSD Partners
Stockholders, any Permitted Transferee of the MD Stockholders or the MSD Partners Stockholders, any Affiliate or family member of any of the foregoing and/or any business, entity or person which any of the foregoing controls, is controlled by or is
under common control with; provided, that neither the Company nor any of its Subsidiaries (including for this purpose VMware and its subsidiaries) shall be considered an “MD Related Party” regardless of the number of shares of
Common Stock beneficially owned by the MD Stockholders. 
 “MD Stockholders” has the meaning ascribed to such term in the
Preamble. 
 “Merger” has the meaning ascribed to such term in the Recitals. 

“Merger Agreement” has the meaning ascribed to such term in the Recitals. 

“Merger Sub” has the meaning ascribed to such term in the Recitals. 

“MSD Partners Co-Investor” has the meaning ascribed to such term in the MSD Partners
Stockholders Agreement. 
 “MSD Partners Stockholders” has the meaning ascribed to such term in the MSD Partners
Stockholders Agreement. 
 “MSD Partners Stockholders Agreement” means that certain MSD Partners Stockholders Agreement,
dated as of [●], 2018, among the Company, the MSD Partners Stockholders, the MSD Partners Co-Investors and the MD Stockholders (solely with respect to Section 4.4 therein). 

“New Class C Stockholders” has the meaning ascribed to such term in the Preamble. 

“Organizational Documents” means, with respect to any Person, the articles and/or memorandum of association, certificate of
incorporation, certificate of organization, bylaws, partnership agreement, limited liability company agreement, operating agreement, certificate of formation, certificate of limited partnership and/or other organizational or governing documents of
such Person. 
 “Original Agreement” has the meaning ascribed to such term in the Recitals. 

  
 6 

 “Original Closing” means the closing of the merger of Denali Acquiror Inc.
and Dell pursuant to the Agreement and Plan of Merger, dated as of February 5, 2013 between the Company, Denali Intermediate Inc., Denali Acquiror Inc. and Dell, as amended by Amendment No. 1 on August 2, 2013 (as further amended,
restated, supplemented or modified from time to time). 
 “Original Closing Date” means October 29, 2013. 

“Participating Class C Stockholders” has the meaning ascribed to such term in
Section 3.4(c). 
 “Participating Sellers” has the meaning ascribed to such term in
Section 3.3(c). 
 “Permitted Transferee” means: 

(i) In the case of the New Class C Stockholders: (i) Temasek Holdings (Private) Limited (“Temasek
Holdings”) and (ii) Temasek Holdings’ direct and indirect wholly-owned Subsidiaries, the boards of directors or equivalent governing bodies of which comprise solely nominees or employees of (x) Temasek Holdings,
(y) Temasek Pte. Ltd. (a wholly-owned Subsidiary of Temasek Holdings) and/or (z) wholly-owned direct and indirect Subsidiaries of Temasek Pte. Ltd. (other than portfolio companies). 

(ii) In the case of the MD Stockholders: 

(A) MD, SLD Trust or any MD Immediate Family Member; 

(B) any MD Charitable Entity; 

(C) one or more trusts whose current beneficiaries are and will remain for so long as such trust holds DTI Securities, any of
(or any combination of) MD, one or more MD Immediate Family Members or MD Charitable Entities; 
 (D) any corporation,
limited liability company, partnership or other entity wholly-owned by any one or more persons or entities described in clause (ii)(A), (ii)(B) or (ii)(C) of this definition of “Permitted
Transferee”; or 
 (E) from and after MD’s death, any recipient under MD’s will, any revocable trust
established by MD that becomes irrevocable upon MD’s death, or by the laws of descent and distribution. 
 (iii) In the
case of the SLP Stockholders, (A) any of their respective controlled Affiliates (other than portfolio companies) or (B) an affiliated private equity fund of such SLP Stockholders that remains such an Affiliate or affiliated private equity
fund of such SLP Stockholders (which, for the avoidance of doubt, shall include any special purpose entity formed as part of a “fund-to-fund” transfer of all
or a portion of such SLP Stockholder’s investment in the Company, provide that all of the investors in such special purpose entity are, at the time of such transfer, partners or stockholders of such Stockholder and such special purpose entity
is managed by such SLP Stockholder or one of its Affiliates). 

  
 7 

 For the avoidance of doubt, (x) each MD Stockholder will be a Permitted Transferee of each other MD
Stockholder and (y) each SLP Stockholder will be a Permitted Transferee of each other SLP Stockholder. 
 “Person”
means an individual, any general partnership, limited partnership, limited liability company, corporation, trust, business trust, joint stock company, joint venture, unincorporated association, cooperative or association or any other legal entity or
organization of whatever nature, and shall include any successor (by merger or otherwise) of such entity, or a government or any agency or political subdivision thereof. 

“Priority Sell-Down” has the meaning ascribed to such term in the Registration Rights Agreement. 

“Qualified Sale Transaction” means any Sale Transaction (i) pursuant to which more than 50% of the Common Stock and
other debt securities exercisable or exchangeable for, or convertible into Common Stock, or any option, warrant or other right to acquire any Common Stock or such debt securities of the Company will be acquired by a Person that is not an MD Related
Party, nor the Company or any Subsidiary of the Company, (ii) in respect of which each New Class C Stockholder has, subject to clause (3) below, the right to participate in such Sale Transaction on the same terms as the SLP
Stockholders (including the same purchase price per share equivalent of Common Stock) and on the terms described in Section 3.3 of this Agreement, as applicable and (iii) unless otherwise agreed by prior written
consent of the SLP Stockholders, in which the SLP Stockholders and the New Class C Stockholders will receive consideration for their DTI Securities that consists entirely of cash and/or Marketable Securities. 

“Registration Rights Agreement” means the Second Amended and Restated Registration Rights Agreement, dated as of the date
hereof, by and among the Company, the Sponsor Stockholders and the other signatories party thereto, as the same may be amended, restated, supplemented or modified from time to time. 

“Representatives” means, with respect to any Person, such Person’s and its Affiliates’ respective directors,
officers, employees, trustees, partners, members, stockholders, controlling persons, investment committee, financial advisors, attorneys, consultants, accountants, agents and other representatives. 

“Sale Transaction” means (i) any merger, consolidation, business combination or amalgamation of the Company or any
Specified Subsidiary with or into any Person, (ii) the sale of Common Stock and/or other DTI Securities that represent (A) a majority of the Common Stock on a fully-diluted basis and/or (B) a majority of the aggregate voting power of
the Common Stock and/or (iii) the sale, lease or transfer, in one or a series of related transactions, of all or substantially all of the Company and its Subsidiaries’ assets (determined on a consolidated basis based on value) (including
by means of merger, consolidation, other business combination, exclusive license, share exchange or other reorganization); provided, that in calculating the aggregate voting power of the Common Stock and/or other DTI Securities for the
purpose of clause (ii) of this definition of “Sale Transaction,” the voting power attaching to any shares of Class A Common Stock and/or Class B Common Stock that will convert into Class C Common Stock in connection
with such transaction shall be determined as if such conversion had already 

  
 8 

 
taken place; provided, further, that in each case, any transaction solely between and among the Company and/or its wholly-owned Subsidiaries shall not be considered a Sale
Transaction hereunder. 
 “SEC” means the U. S. Securities and Exchange Commission or any successor agency. 

“Securities” means any equity securities of the Company, including any Common Stock, debt securities exercisable or
exchangeable for, or convertible into equity securities of the Company, or any option, warrant or other right to acquire any such equity securities or debt securities of the Company. 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated
pursuant thereto. 
 “Shelf Registration Statement” means a registration statement of the Company filed with the SEC on Form S-3 or Form F-3, or on Form S-1 or Form F-1 (or any successor form),
for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act (or any similar rule that may be adopted by the SEC) covering the Common Stock. 

“SLD Trust” has the meaning ascribed to such term in the Preamble. 

“SLP” means Silver Lake Management Company III, L.L.C., Silver Lake Management Company IV, L.L.C. and their respective
affiliated management companies and investment vehicles. 
 “SLP Stockholders” has the meaning ascribed to such term in the
Preamble. 
 “Special Committee” has the meaning ascribed to such term in the Voting and Support Agreement. 

“Specified Subsidiary” means any of (i) Denali Intermediate Inc., a Delaware corporation
(“Intermediate”), (ii) Dell, (iii) EMC, (iv) Denali Finance Corp., a Delaware corporation (“Denali Finance”), (v) Dell International L.L.C., a Delaware limited liability company (“Dell
International”) (until such time as the MD Stockholders and the SLP Stockholders otherwise agree), (vi) any successors and assigns of any of Intermediate, Dell, EMC, Denali Finance and Dell International (until such time as the MD
Stockholders and the SLP Stockholders otherwise agree), (vii) any other borrowers under the senior secured indebtedness and/or issuer of the debt securities, in each case, incurred or issued to finance the Merger and the transactions contemplated
thereby and by the related transactions entered into in connection therewith and (viii) each intermediate entity or Subsidiary between the Company and any of the foregoing. 

“Sponsor Stockholders” has the meaning ascribed to such term in the Preamble. 

“Sponsor Stockholders Agreement” means the Second Amended and Restated Sponsor Stockholders Agreement of the Company dated as
of the date hereof. 

  
 9 

 “Spousal Consent” has the meaning ascribed to such term in
Section 2.1(g). 
 “Stockholders” has the meaning ascribed to such term in the Preamble. 

“Subscription Agreement” means that certain Common Stock Purchase Agreement, dated as of October 12, 2015, between the
Company and the Initial Class C Stockholder. 
 “Subsidiary” means, with respect to any Person, any entity of which
(i) a majority of the total voting power of shares of stock or equivalent ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, trustees or other members of the
applicable governing body thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if no such governing body exists at such
entity, a majority of the total voting power of shares of stock or equivalent ownership interests of the entity is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination
thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons shall be allocated a majority of
limited liability company, partnership, association or other business entity gains or losses or shall be or control the managing member or general partner of such limited liability company, partnership, association or other business entity.
Notwithstanding the foregoing, VMware and its Subsidiaries shall not be considered Subsidiaries of the Company and its Subsidiaries for so long as VMware is not a direct or indirect wholly-owned subsidiary of the Company. 

“Tag-Along Buyer” has the meaning ascribed to such term in
Section 3.3(a). 
 “Tag-Along Demand” has the meaning
ascribed to such term in Section 3.3(c). 
 “Tag-Along
Participation Notice” has the meaning ascribed to such term in Section 3.3(b). 
 “Tag-Along Sale” has the meaning ascribed to such term in Section 3.3(a). 

“Tag-Along Sale Notice” has the meaning ascribed to such term in
Section 3.3(a). 
 “Tag-Along Sale Percentage” has
the meaning ascribed to such term in Section 3.3(a). 
 “Tag-Along
Sale Priority” has the meaning ascribed to such term in Section 3.3(c). 
 “Tag-Along Sale Proration” has the meaning ascribed to such term in Section 3.3(c). 

“Tag-Along Sellers” has the meaning ascribed to such term in
Section 3.3(b). 
 “Tag-Along Shares” has the
meaning ascribed to such term in Section 3.3(a). 

  
 10 

 “Temasek Holdings” has the meaning ascribed to such term in the definition
of “Permitted Transferee.” 
 “transfer” has the meaning ascribed to such term in
Section 3.1(a). 
 “Underwritten Offering” means an underwritten public offering of Class C
Common Stock that is registered under the Securities Act, including an underwritten public offering pursuant to a Shelf Registration Statement, but excluding, for the avoidance of doubt, the Merger. 

“VMware” means VMware, Inc., a Delaware corporation, together with its successors by merger or consolidation. 

“Voting and Support Agreement” means that certain Voting and Support Agreement, dated as of July 1, 2018, by and among
the Company, the MD Stockholders, the MSD Partners Stockholders and the SLP Stockholders. 
 “wholly-owned subsidiary”
means, with respect to any Person, any entity of which all of the shares of stock or equivalent ownership interests (other than, with respect to non-U.S. subsidiaries, only to the extent legally required,
de minimis ownership thereof by residents, natural persons or non-Affiliates) are owned by such Person or by one or more wholly-owned subsidiaries of such Person. 

Section 1.2. General Interpretive Principles. The name assigned to this Agreement and the section captions used herein are for
convenience of reference only and shall not be construed to affect the meaning, construction or effect hereof. Unless otherwise specified, the terms “hereof,” “herein” and similar terms refer to this Agreement as a whole, and
references herein to Articles or Sections refer to Articles or Sections of this Agreement. For purposes of this Agreement, the words “include,” “includes” and “including,” when used herein, shall be deemed in each case
to be followed by the words “without limitation.” The terms “dollars” and “$” shall mean United States dollars. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an
ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party because of the authorship of any
provision of this Agreement. Furthermore, any rule of law or any legal decision that would require interpretation of any claimed ambiguities in this Agreement against the drafting party has no application to the parties hereto and is expressly
waived. 

  
 11 

 ARTICLE II 

REPRESENTATIONS AND WARRANTIES 

Section 2.1. Representations and Warranties of the Stockholders. Each of the Stockholders hereby represents and warrants severally
and not jointly to each of the other Stockholders and to the Company as of the date hereof (and in respect of Persons who become a party to this Agreement after the date hereof, such Stockholder hereby represents and warrants to each of the other
Stockholders and the Company on the date of its execution of a Joinder Agreement) as follows: 
 (a) Such Stockholder, to the extent
applicable, is duly organized or incorporated, validly existing and in good standing under the laws of the jurisdiction of its organization or incorporation and has all requisite power and authority to conduct its business as it is now being
conducted and is proposed to be conducted. 
 (b) Such Stockholder has the full power, authority and legal right to execute, deliver and
perform this Agreement. The execution, delivery and performance of this Agreement have been duly authorized by all necessary action, corporate or otherwise, of such Stockholder. This Agreement has been duly executed and delivered by such Stockholder
and constitutes its, his or her legal, valid and binding obligation, enforceable against it, him or her in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally. 

(c) The execution and delivery by such Stockholder of this Agreement and the performance by such Stockholder of its, his or her obligations
hereunder by such Stockholder does not and will not violate (i) in the case of Stockholders who are not individuals, any provision of its Organizational Documents, (ii) any provision of any material agreement to which it, he or she is a
party or by which it, he or she is bound or (iii) any law, rule, regulation, judgment, order or decree to which it, he or she is subject. 

(d) No notice, consent, waiver, approval, authorization, exemption, registration, license or declaration is required to be made or obtained by
such Stockholder in connection with the execution, delivery or enforceability of this Agreement. 
 (e) Such Stockholder is not currently in
violation of any law, rule, regulation, judgment, order or decree, which violation could reasonably be expected at any time to have a material adverse effect upon such Stockholder’s ability to enter into this Agreement or to perform its, his or
her obligations hereunder. 
 (f) There is no pending legal action, suit or proceeding that would materially and adversely affect the
ability of such Stockholder to enter into this Agreement or to perform its, his or her obligations hereunder. 
 (g) If such Stockholder is
an individual and married, he or she has delivered to the other Stockholders and the Company a duly executed copy of a Spousal Consent in the form attached hereto as Annex B (a “Spousal Consent”). 

Section 2.2. Acknowledgement by the Company. The Company hereby acknowledges that any references in the representations and
warranties contained in Article II of the Subscription Agreement to the “transactions contemplated hereby” and “transactions contemplated by this Agreement” are deemed to encompass, among other transactions, the entrance into,
execution of and performance by the Company of this Agreement. 

  
 12 

 ARTICLE III 

TRANSFER RESTRICTIONS 

Section 3.1. General Restrictions on Transfers. 

(a) Generally. 

(i) No New Class C Stockholder may directly or indirectly, sell, exchange, assign, pledge, hypothecate, mortgage, gift or
otherwise transfer, dispose of or encumber, in each case, whether in its own right or by its representative and whether voluntary or involuntary or by operation of law (any of the foregoing, whether effected directly or indirectly (including by a
direct or indirect transfer of equity, ownership or economic interests, or options, warrants or other contractual rights to acquire an equity, ownership or economic interest, in any New Class C Stockholder), shall be deemed included in the
term “transfer” as used in this Agreement) any DTI Securities, or any legal, economic or beneficial interest in any DTI Securities; unless (i) such transfer is made on the books and records of the Company and is in
compliance with the provisions of this ARTICLE III and any other agreement applicable to the transfer of such DTI Securities and (ii) the transferee (if other than (A) the Company or another Stockholder or (B) a transferee
pursuant to an offer and sale registered under the Securities Act or, so long as the transferee is not an Affiliate or Permitted Transferee of a New Class C Stockholder, a transferee pursuant to Rule 144 under the Securities Act or, pursuant to
a sale exempt from registration so long as the transferee is not an Affiliate or Permitted Transferee of a New Class C Stockholder and such transferee enters into a written agreement for the benefit of the Company confirming its agreement to
comply with Section 3.1(c)) executes and delivers to the Company a Joinder Agreement in the form attached hereto as Annex A. 

(ii) Any purported transfer of DTI Securities or any interest in any DTI Securities by any New Class C Stockholder that is
not in compliance with this Agreement shall be null and void, and the Company shall refuse to recognize any such transfer for any purpose and shall not reflect in its register of stockholders or otherwise any change in record ownership of DTI
Securities pursuant to any such transfer. 
 (b) Fees and Expenses. Except as otherwise provided herein or in any other applicable
agreement between a New Class C Stockholder (or any of its Affiliates) and the Company, any New Class C Stockholder that proposes to transfer DTI Securities in accordance with the terms and conditions hereof shall be responsible for any
fees and expenses (including any stamp, transfer, recording or similar taxes) incurred by the Company in connection with such transfer. 

(c) Securities Law Acknowledgement. Each New Class C Stockholder acknowledges that none of the Common Stock (except the
Company’s Class V Common Stock and any shares of Class C Common Stock registered (1) on Form S-8 prior to the Closing Date, (2) in connection with the Merger or (3) after the
Closing Date) has been registered under the Securities Act and such unregistered shares may not be transferred, except as otherwise provided herein, pursuant to an effective registration statement under the Securities Act, or pursuant to an
exemption from registration under the Securities Act. Each New Class C Stockholder agrees that it will not transfer any Common Stock at any time if such action would (i) constitute a violation of any securities laws of any applicable
jurisdiction or a breach of the conditions to any exemption from registration of Common Stock under any such laws or a breach of any undertaking or agreement of such New Class C Stockholder entered into pursuant to such laws or

  
 13 

 
in connection with obtaining an exemption thereunder, (ii) cause the Company to become subject to the registration requirements of the U.S. Investment Company Act of 1940, as amended from
time to time, or (iii) be a nonexempt “prohibited transaction” under ERISA or Section 4975 of the Code or cause all or any portion of the assets of the Company to constitute “plan assets” for purposes of fiduciary
responsibility or prohibited transaction provisions of Title I of ERISA or Section 4975 of the Code. Each New Class C Stockholder agrees it shall not be entitled to any certificate for any or all of the Common Stock, unless the Board
shall otherwise determine. 
 (d) Legend. 

(i) Each certificate (or book-entry share) evidencing Common Stock held by a New
Class C Stockholder shall, unless Section 3.1(d)(ii) or Section 3.1(d)(iii) applies, bear the following restrictive legend, either as an endorsement or on the face thereof: 

THE SALE, ASSIGNMENT, TRANSFER OR OTHER DISPOSITION OF THE SECURITIES EVIDENCED BY THIS CERTIFICATE IS RESTRICTED BY THE TERMS OF AN AMENDED
AND RESTATED CLASS C STOCKHOLDERS AGREEMENT, DATED AS OF [●], 2018, AS IT MAY BE AMENDED, MODIFIED OR SUPPLEMENTED FROM TIME TO TIME, COPIES OF WHICH ARE ON FILE WITH THE ISSUER OF THIS CERTIFICATE. NO SUCH SALE, ASSIGNMENT, TRANSFER OR OTHER
DISPOSITION SHALL BE EFFECTIVE UNLESS AND UNTIL THE TERMS AND CONDITIONS OF SUCH STOCKHOLDERS AGREEMENT HAVE BEEN COMPLIED WITH IN FULL. 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR UNDER
THE SECURITIES LAWS OF ANY OTHER JURISDICTION AND MAY NOT BE SOLD OR TRANSFERRED OTHER THAN IN ACCORDANCE WITH THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (OR OTHER APPLICABLE LAW), OR AN EXEMPTION
THEREFROM. 
 (ii) Each certificate (or book-entry share) evidencing Common Stock held by a New Class C Stockholder
issued after the Closing Date in a registered transaction shall bear the following restrictive legend, either as an endorsement or on the face thereof: 

THE SALE, ASSIGNMENT, TRANSFER OR OTHER DISPOSITION OF THE SECURITIES EVIDENCED BY THIS CERTIFICATE IS RESTRICTED BY THE TERMS OF AN AMENDED
AND RESTATED CLASS C STOCKHOLDERS AGREEMENT, DATED AS OF [●], 2018, AS IT MAY BE AMENDED, MODIFIED OR SUPPLEMENTED FROM 

  
 14 

 
TIME TO TIME, COPIES OF WHICH ARE ON FILE WITH THE ISSUER OF THIS CERTIFICATE. NO SUCH SALE, ASSIGNMENT, TRANSFER OR OTHER DISPOSITION SHALL BE EFFECTIVE UNLESS AND UNTIL THE TERMS AND CONDITIONS
OF SUCH STOCKHOLDERS AGREEMENT HAVE BEEN COMPLIED WITH IN FULL. 
 (iii) In the event that any or all of the paragraphs in
the restrictive legends set forth in Section 3.1(d)(i) or Section 3.1(d)(ii) has ceased to be applicable, the Company shall provide any New Class C Stockholder, or their respective
transferees, at his, her or its request, without any expense to such New Class C Stockholder (other than applicable transfer taxes and similar governmental charges, if any), with new certificates (or evidence of
book-entry shares) for such DTI Securities of like tenor not bearing such paragraph(s) of the legend with respect to which the restriction has ceased and terminated (it being understood that the restriction
referred to in Section 3.1(d)(ii) and in the first paragraph of the legend in Section 3.1(d)(i) shall cease and terminate only upon the termination of this ARTICLE III with respect to the
New Class C Stockholder holding such DTI Securities). 
 (e) No Other Proxies or Voting Agreements. No New Class C
Stockholder shall grant any proxy or enter into or agree to be bound by any voting trust with respect to any DTI Securities or enter into any agreements or arrangements of either kind with any Person with respect to any DTI Securities, including
agreements or arrangements with respect to the acquisition, disposition or voting (if applicable) of any DTI Securities, nor shall any New Class C Stockholder act, for any reason, as a member of a group or in concert with any other Persons in
connection with the acquisition, disposition or voting (if applicable) of any DTI Securities. 
 (f) Acknowledgement. Each New
Class C Stockholder acknowledges and agrees that the restrictions on transfer of DTI Securities or any interest in DTI Securities as set forth in this ARTICLE III may adversely affect the proceeds received by such New Class C
Stockholder in any sale, transfer or liquidation of any such DTI Securities, and as a result of such restrictions on transfer, it may not be possible for such New Class C Stockholder to liquidate all or any part of such New Class C
Stockholder’s interest in DTI Securities at the time of such New Class C Stockholder’s choosing. Each New Class C Stockholder further acknowledges and agrees that none of the Company and/or the Sponsor Stockholders shall have any
liability to such New Class C Stockholder arising from, relating to or in connection with the restrictions on transfer of DTI Securities or any interest in DTI Securities as set forth in this ARTICLE III, except to the extent the Company
or any Sponsor Stockholder fails to comply with its obligations to such New Class C Stockholder pursuant to this ARTICLE III. 

Section 3.2. Permitted Transfers. Subject to compliance with any applicable provisions of the Organizational Documents of the
Company, each New Class C Stockholder may transfer DTI Securities that are held by him, her or it to a Permitted Transferee of such New Class C Stockholder without complying with the provisions of this ARTICLE III, other than
Section 3.1; provided, that (i) such Permitted Transferee shall have executed and delivered to the Company a Joinder Agreement as contemplated in Section 3.1(a), or otherwise agreed
with the Company, in a written instrument reasonably satisfactory to the Company, that he, she or it will 

  
 15 

 
immediately convey record and beneficial ownership of all such DTI Securities, and all rights and obligations hereunder to such New Class C Stockholder or another Permitted Transferee of
such New Class C Stockholder if, and immediately prior to such time that, he, she or it ceases to be a Permitted Transferee of such New Class C Stockholder and (ii) in the case of a transfer of DTI Securities to a natural person, such
natural person’s spouse executes and delivers to the Company a Joinder Agreement and a Spousal Consent as contemplated in Section 3.1(a). 

Section 3.3. Tag-Along Rights. 

(a) Subject to Section 3.3(h), (x) if any Initiating Tag-Along Seller
proposes to transfer all or a portion of their DTI Securities to any Person (other than to a Permitted Transferee of such Initiating Tag-Along Seller) or (y) a Sale Transaction is entered into by the MD
Stockholders that either is a Qualified Sale Transaction or has been approved by the SLP Stockholders (each of the transfers in the foregoing clauses (x) and (y), a “Tag-Along Sale”),
then the Initiating Tag-Along Seller shall give, or direct the Company to give and the Company shall so promptly give, written notice (a “Tag-Along Sale
Notice”) of such proposed transfer to all Eligible Tag-Along Sellers with respect to such Tag-Along Sale at least fifteen (15) days prior to each of the
consummation of such proposed transfer and the delivery of a Tag-Along Sale Notice setting forth (i) the number and type of each class of DTI Securities proposed to be transferred, (ii) the
consideration to be received for such DTI Securities by such Initiating Tag-Along Seller, including (in the case of any transfer by the MD Stockholders) any Additional Consideration received, (iii) the
identity of the purchaser (the “Tag-Along Buyer”), (iv) a copy of all definitive documents relating to such Tag-Along Sale, including all documents that
the Eligible Tag-Along Seller would be required to execute in order to participate in such Tag-Along Sale and all other agreements or documents referred to, or
referenced, therein, (v) a detailed summary of all material terms and conditions of the proposed transfer, (vi) the fraction, expressed as a percentage, determined by dividing the number of DTI Securities to be purchased from the
Initiating Tag-Along Seller and its Permitted Transferees by the total number of DTI Securities held by the Initiating Tag-Along Seller and its Permitted Transferees
(the “Tag-Along Sale Percentage”) and (vii) an invitation to each Eligible Tag-Along Seller to irrevocably agree to include in the Tag-Along Sale up to a number of DTI Securities held by such Eligible Tag-Along Seller equal to the product of the total number of DTI Securities held by such Eligible Tag-Along Seller multiplied by the Tag-Along Sale Percentage, subject to adjustment pursuant to the Tag-Along Sale Priority and the Tag-Along Sale Proration as contemplated in Section 3.3(c) (such amount of DTI Securities with respect to each Eligible Tag-Along Seller, such
Eligible Tag-Along Seller’s “Tag-Along Shares”). In the event that any MD Related Party directly or indirectly receives any compensation or other
consideration or benefit arising out of or in connection with the applicable Tag-Along Sale (other than any bona fide cash and/or equity compensation (whether in the form of an initial equity grant or
otherwise) for service as an executive officer of the acquiring or surviving company or any of their Subsidiaries or, with respect to MD Related Parties, any bona fide commercial arrangement that is not a “Related Party Transaction” (as
defined in the Sponsor Stockholders Agreement) because of the proviso of the definition thereof between an MD Related Party and the proposed Tag-Along Buyer or any of its Affiliates which commercial
arrangement has been binding and in full force and effect (or, in the absence of a binding legal arrangement, to the extent a course of dealing has been in place) for at least twelve (12) months prior to the date that the Tag-Along Sale Notice is provided to the Eligible Tag-Along Seller) pursuant to any non-competition,
non-solicitation, no-

  
 16 

 
hire, or other arrangement separate from the transfer of the DTI Securities of the Company (“Additional Consideration”), the value of such Additional Consideration (as reasonably
determined by the Board of the Company, subject to the consent of the SLP Stockholders not to be unreasonably withheld, conditioned or delayed) shall be deemed to have been part of the consideration paid or payable to the MD Stockholders in respect
of their DTI Securities in such Tag-Along Sale and shall be reflected in the amount offered by the Tag-Along Buyer set forth in the applicable Tag-Along Sale Notice. In the event that more than one MD Stockholder or more than one SLP Stockholder, as the case may be, proposes to execute a Tag-Along Sale as an
Initiating Tag-Along Seller, then all such transferring MD Stockholders and/or SLP Stockholders, as the case may be, shall be treated as the Initiating Tag-Along Seller,
and the DTI Securities held and to be transferred by such MD Stockholders or SLP Stockholders, as the case may be, shall be aggregated as set forth in Section 5.16, including for purposes of calculating the applicable Tag-Along Sale Percentage; provided, that if the group of stockholders treated as the Initiating Tag-Along Seller pursuant to this sentence includes any SLP
Stockholders, then the Tag-Along Sale Percentage applicable to the New Class C Stockholders shall be calculated as if the SLP Stockholders are the only stockholders treated as the Initiating Tag-Along Seller. Notwithstanding anything in this Section 3.3 to the contrary, but subject to Section 3.3(c), if the Initiating
Tag-Along Seller is transferring Common Stock or vested in-the-money Company Stock Options in such
Tag-Along Sale, each of the Eligible Tag-Along Sellers shall be entitled to transfer the same proportion of DTI Securities held by such Eligible Tag-Along Seller as the proportion of the Initiating Tag-Along Seller’s Common Stock and vested
in-the-money Company Stock Options relative to the Initiating Tag-Along Seller’s total number of such DTI Securities that
are being sold by the Initiating Tag-Along Seller in such Tag-Along Sale (with each vested
in-the-money Company Stock Option counting as a share of Common Stock for purposes of the foregoing calculation). 

(b) Upon delivery of a Tag-Along Sale Notice, each Eligible
Tag-Along Seller may elect to include all or a portion of such Eligible Tag-Along Seller’s Tag-Along Shares in such Tag-Along Sale (Eligible Tag-Along Sellers who make such an election being an “Electing Tag-Along Seller” and,
together with the Initiating Tag-Along Seller and all other Persons (other than any Affiliates of the Initiating Tag-Along Seller) who otherwise are transferring, or
have exercised a contractual or other right to transfer, DTI Securities in connection with such Tag-Along Sale, the “Tag-Along Sellers”), at the same
price per share equivalent of Common Stock and pursuant to the same terms and conditions as agreed to by the Initiating Tag-Along Seller and otherwise in accordance with this
Section 3.3, by sending an irrevocable written notice (a “Tag-Along Participation Notice”) to the Initiating Tag-Along Seller
within fifteen (15) days of the date the Tag-Along Sale Notice is received by such Eligible Tag-Along Seller, indicating such Electing Tag-Along Seller’s irrevocable election, subject to Section 3.3(d), to include its Tag-Along Shares in the
Tag-Along Sale and setting forth the number of Eligible Tag-Along Seller’s Tag-Along Shares it elects to include. Following
such fifteen (15) day period, each Electing Tag-Along Seller that has delivered a Tag-Along Participation Notice shall be entitled to sell to such proposed
transferee on the same terms and conditions as and, concurrently with, the other Electing Tag-Along Sellers and the Initiating Tag-Along Seller, such Electing Tag-Along Seller’s Tag-Along Shares it elects to include, which terms and conditions have been set forth in the Tag-Along Sale
Notice, subject to the Tag-Along Sale Priority and the Tag-Along Sale Proration as contemplated in Section 3.3(c). Each Eligible Tag-Along Seller who does not deliver a Tag-Along Participation Notice within such fifteen (15) 

  
 17 

 
day period shall have waived and be deemed to have waived all of such Eligible Tag-Along Seller’s rights with respect to such Tag-Along Sale. For the avoidance of doubt, it is understood that in order to be entitled to exercise its right to include Tag-Along Shares in a
Tag-Along Sale pursuant to this Section 3.3, each Electing Tag-Along Seller must agree to make the same representations and warranties,
covenants, indemnities and agreements to the Tag-Along Buyer as made by the Initiating Tag-Along Seller and any Electing
Tag-Along Seller in connection with the Tag-Along Sale (and shall be subject to the same escrow or other holdback arrangements as such Persons so long as such escrows or
other holdbacks are proportionately based on the amount of consideration received for the sale of DTI Securities in such Tag-Along Sale transaction); provided, that: 

(i) each Electing Tag-Along Seller shall be entitled to receive its pro rata
portion (based on the relative amount (and taking into account the per share equivalent of Common Stock) of DTI Securities sold in such Tag-Along Sale transaction) of any deferred consideration or
indemnification payments relating to such Tag-Along Sale (provided, however, that, with respect to any unexercised Company Stock Options proposed to be transferred in such Tag-Along Sale by any Tag-Along Seller, the per share consideration in respect thereof shall be reduced by the exercise price of such options or, if required pursuant to the
terms of such options or such Tag-Along Sale, such Tag-Along Seller must exercise the relevant option and transfer the relevant shares of Common Stock (rather than the
option) (in each case, net of any amounts required to be withheld by the Company in connection with such exercise)); 
 (ii)
the aggregate amount of liability of each Electing Tag-Along Seller shall not exceed the proceeds received by such Electing Tag-Along Seller in such Tag-Along Sale; 
 (iii) all indemnification obligations (other than with respect to the
matters referenced in Section 3.3(b)(iv)) shall be on a several and not joint basis to the Tag-Along Sellers pro rata (based on the amount of consideration received by each Tag-Along Seller in the Tag-Along Sale transaction); 

(iv) no Electing Tag-Along Seller shall be responsible for any indemnification
obligations and/or liabilities (including through escrow or hold back arrangements) for (A) breaches or inaccuracies of representations and warranties made with respect to any other Tag-Along
Seller’s (1) ownership of and title to DTI Securities, (2) organization and authority or (3) conflicts and consents and any other matter concerning such other Person and/or (B) breaches of any covenant specifically relating
to any other Tag-Along Seller; and 
 (v) no Stockholders that have elected to be an
Electing Tag-Along Seller shall be required in connection with such Tag-Along Sale transaction to agree to (A) any employee, customer or other non-solicitation, no-hire or other similar provision, (B) any non-competition or similar restrictive covenant and/or (C) any
term that purports to bind any portfolio company or investment of any Electing Tag-Along Seller or any of their respective Affiliates. 

  
 18 

 (c) Notwithstanding anything in this Section 3.3 to the contrary,
if the Initiating Tag-Along Seller (including, for the avoidance of doubt, any of their Permitted Transferees) seeks to transfer Common Stock representing a majority of the Common Stock beneficially owned by
the MD Stockholders immediately following the Original Closing, then the number of Tag-Along Shares that an Eligible Tag-Along Seller may include in any Tag-Along Sale pursuant to this Section 3.3 shall be an amount equal to 100% of the equity securities in the Company, Dell and their respective Subsidiaries held by such Eligible Tag-Along Seller (such right, the “Tag-Along Sale Priority”). Further, in the event that Stockholders having the right to participate in a Tag-Along Sale (including the Initiating Tag-Along Seller, the “Participating Sellers”) have elected to include more DTI Securities in the aggregate than the Tag-Along Buyer is willing to purchase (the “Tag-Along Demand”), the number of DTI Securities permitted to be sold by the Participating Sellers shall be
reduced such that each Tag-Along Seller is permitted to sell only its pro rata share of the Tag-Along Demand (in proportion to the number of DTI Securities held
by each Participating Seller) (the “Tag-Along Sale Proration”); provided, that, in a Tag-Along Sale subject to
Tag-Along Sale Priority rights, the number of DTI Securities to be sold by Participating Sellers with Tag-Along Sale Priority shall not be reduced. 

(d) Notwithstanding the delivery of any Tag-Along Sale Notice, all determinations as to whether to
complete any Tag-Along Sale and as to the timing, manner, price and, subject to Section 3.3(b)(i) through (v), other terms and conditions of any such Tag-Along Sale shall be at the sole discretion of the Initiating Tag-Along Seller, and none of the Initiating Tag-Along Seller, its
Affiliates and their respective Representatives shall have any liability to any Electing Tag-Along Seller arising from, relating to or in connection with the pursuit, consummation, postponement, abandonment or
terms and conditions of any proposed Tag-Along Sale except to the extent such Initiating Tag-Along Seller failed to comply with the provisions of this
Section 3.3; provided, that (i) if the Initiating Tag-Along Seller agrees to amend, restate, modify or supplement the terms and/or conditions of the Tag-Along Sale after such time that any Stockholder has elected to be an Electing Tag-Along Seller in accordance with the terms of this Section 3.3,
the Initiating Tag-Along Seller shall promptly notify the Company and each Electing Tag-Along Seller of such amendment, restatement, modification and/or supplement and
(ii) each such Electing Tag-Along Seller shall have the right to withdraw its Tag-Along Participation Notice by delivering written notice of such withdrawal to the
Initiating Tag-Along Seller within five (5) Business Days of the date of receipt of such notice from the Initiating Tag-Along Seller. 

(e) Notwithstanding anything in this Section 3.3 to the contrary, this Section 3.3 shall
not apply to (i) any transfers of DTI Securities to a Permitted Transferee of the transferring Stockholder and/or (ii) any transfer of Common Stock in a registered public offering (whether in a Demand Registration, Piggyback Registration,
Marketed Underwritten Shelf Take-Down (each as defined in the Registration Rights Agreement) or otherwise), it being understood that participation rights in connection with transfers of Common Stock in a registered public offering (whether in a
Demand Registration, Piggyback Registration, Marketed Underwritten Shelf Take-Down (each as defined in the Registration Rights Agreement) or otherwise) shall be governed by the terms of the Registration Rights Agreement. 

  
 19 

 (f) All reasonable and documented out-of-pocket costs and expenses incurred by the Company, its Subsidiaries and/or the Tag-Along Sellers in connection with such
Tag-Along Sale shall be allocated and borne on a pro rata basis by each Tag-Along Seller in accordance with the amount of consideration otherwise received by each
Tag-Along Seller in such Tag-Along Sale. For the avoidance of doubt, it is understood that this Section 3.3(f) shall not prevent any Tag-Along Sale to be structured in a manner such that some or all of the such costs and expenses result in a pro rata reduction in the consideration received by the
Tag-Along Sellers in such Tag-Along Sale. 
 (g)
Notwithstanding anything herein to the contrary, if the Initiating Tag-Along Seller has not completed the proposed Tag-Along Sale within one hundred twenty
(120) days following delivery of the Tag-Along Sale Notice in accordance with this Section 3.3, the Initiating Tag-Along Seller may not
then effect such proposed Tag-Along Sale without again complying with the provisions of this Section 3.3; provided, that if such proposed
Tag-Along Sale is subject to, and conditioned on, one or more prior regulatory approvals, then such one hundred twenty (120) day period shall be extended solely to the extent necessary until no later than
the expiration of ten (10) days after all such approvals shall have been received. 
 (h) The
“tag-along” rights described in this Section 3.3 shall survive the Merger (and shall be exercisable by any Stockholder) in respect of a single or series of related transfers
of DTI Securities by the MD Stockholders equal to 10% or more of the then outstanding Common Stock to the same Person or “group” (within the meaning of Section 13(d) of the Exchange Act) (other than a Permitted Transferee of the MD
Stockholders) and shall automatically terminate upon the earlier of (i) the 18-month anniversary of the Closing Date and (ii) such time following the Closing that the MD Stockholders no longer
beneficially own Common Stock representing a majority of the Common Stock beneficially owned by the MD Stockholders immediately following the Original Closing Date; provided, that in addition to any other applicable provisions in this
Section 3.3 (including the Tag-Along Sale Priority and the Tag-Along Sale Proration), such transfer of DTI Securities shall also be subject to
the Priority Sell-Down pursuant to the Registration Rights Agreement; provided, further, that any registered offering of DTI Securities shall be governed by the terms of the Registration Rights Agreement. 

(i) Notwithstanding the foregoing, (1) it is understood that a transfer of limited partnership interests, limited liability company
interests or similar interests in any of the Sponsor Stockholders, any other private equity fund or any parent entity with respect to any such Sponsor Stockholder or private equity fund shall not constitute a transfer for purposes of this Agreement
so long as there is no change of control of such entity, and (2) any conversion of Class A Common Stock, Class B Common Stock or Class D Common Stock to Class C Common Stock as contemplated by the Company’s Fifth
Amended and Restated Certificate of Incorporation shall not be deemed a “transfer” hereunder. 
 Section 3.4. Black-Out Periods. 
 (a) Each New Class C Stockholder agrees not to (1) offer for sale, sell,
pledge, hypothecate, transfer, make any short sale of, loan, grant any option or right to purchase of or otherwise dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the disposition by any
person at any time in the future of) any DTI 

  
 20 

 
Securities (including DTI Securities that may be deemed to be beneficially owned by the Participating Class C Stockholder in accordance with the rules and regulations of the SEC) or
securities convertible into or exercisable or exchangeable for DTI Securities, (2) enter into any swap, hedging arrangement or other derivatives transaction with respect to any DTI Securities (including DTI Securities that may be deemed to be
beneficially owned by the Participating Class C Stockholder in accordance with the rules and regulations of the SEC) or securities convertible into or exercisable or exchangeable for DTI Securities, whether any such transaction described in
clause (1) or (2) above is to be settled by delivery of DTI Securities, in cash or otherwise or (3) publicly disclose the intention to do any of the foregoing, in the case of each of the foregoing clauses (1) through (3), during the
period beginning on the Closing Date and ending one hundred eighty (180) days thereafter; provided that each New Class C Stockholder may transfer DTI Securities to a Permitted Transferee thereof so long as any such Permitted
Transferee, that is not a party to this Agreement executes and delivers to the Company a Joinder Agreement pursuant to which such Person agrees to be bound by and comply with the provisions of, this Agreement (including, for the avoidance of doubt,
this Section 3.4). For the avoidance of doubt, any transfer of DTI Securities by the New Class C Stockholders permitted pursuant to the immediately foregoing proviso shall be subject to all other applicable provisions
of this Agreement, including, without limitation, Section 3.1 and Section 3.2. 
 (b)
Notwithstanding anything to the contrary in Section 3.4(a), if any Sponsor Stockholder or MSD Partners Stockholder is granted a discretionary release or waiver by the Company from the transfer restrictions applicable to
such person pursuant to Section 2.14(a) of the Registration Rights Agreement prior to the 181st day following the Closing Date, then each New Class C Stockholder shall (without duplication of any
lock-up release provisions applicable to such New Class C Stockholder in the Registration Rights Agreement or any other agreement) be entitled to transfer a number of DTI Securities equal to the product
of (x) the maximum percentage (after applying the provisions of Section 5.16) of DTI Securities held by any Sponsor Stockholder or MSD Partners Stockholder being released from Section 2.14(a) of the Registration
Rights Agreement pursuant to such discretionary release or waiver multiplied by (y) the total number of DTI Securities held by such New Class C Stockholder. In addition, a New Class C Stockholder may be released, in whole or in
part, from the restrictions imposed by Section 3.4(a) with, and to the extent provided by, the written consent of the Company (which Company consent shall require approval by the Special Committee). 

(c) In the event of an Underwritten Offering in which one or more New Class C Stockholders are participating (the “Participating
Class C Stockholders”), each of the Participating Class C Stockholders agrees if requested by the Company or the managing underwriter or underwriters in such Underwritten Offering or if requested by the Company, not
to (1) offer for sale, sell, pledge, hypothecate, transfer, make any short sale of, loan, grant any option or right to purchase of or otherwise dispose of (or enter into any transaction or device that is designed to, or could be expected to,
result in the disposition by any person at any time in the future of) any DTI Securities (including DTI Securities that may be deemed to be beneficially owned by the Participating Class C Stockholder in accordance with the rules and regulations
of the SEC) or securities convertible into or exercisable or exchangeable for DTI Securities, (2) enter into any swap, hedging arrangement or other derivatives transaction with respect to any DTI Securities (including DTI Securities that may be
deemed to be beneficially owned by the Participating Class C Stockholder in accordance with the rules and regulations of the SEC) or 

  
 21 

 
securities convertible into or exercisable or exchangeable for DTI Securities, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of DTI
Securities, in cash or otherwise or (3) publicly disclose the intention to do any of the foregoing, in the case of each of the foregoing clauses (1) through (3), during the period beginning seven (7) days before such Underwritten
Offering, and ending ninety (90) days thereafter. If requested by the managing underwriter or underwriters of any such Underwritten Offering, each Participating Class C Stockholder shall execute a customary agreement reflecting its
agreement set forth in this Section 3.4(c). 
 ARTICLE IV 

ADDITIONAL AGREEMENTS 

Section 4.1. Further Assurances. From time to time, at the reasonable request of the MD Stockholders or the SLP Stockholders and
without further consideration, each New Class C Stockholder shall execute and deliver such additional documents and take all such further action as may be necessary or appropriate to consummate and make effective, in the most expeditious manner
practicable, the transactions contemplated by this Agreement. 
 Section 4.2. Confidentiality. 

(a) The terms of this Agreement, any information relating to any exercise of rights hereunder, any documents, notices or other communications
provided pursuant to the terms of this Agreement, and/or any documents, statements, certificates, materials or information furnished, disseminated or otherwise made available, including any information concerning the Company, any of its direct or
indirect Subsidiaries (which for purposes of this Section 4.2 shall include VMware and its subsidiaries) or Affiliates or any of its or their respective employees, directors or consultants, in connection therewith
(“Confidential Information”), shall be confidential and no New Class C Stockholder shall disclose to any Person not a party to this Agreement any Confidential Information without the Company’s prior written consent, except
(a) to such New Class C Stockholder’s Affiliates, directors, officers, employees, advisors, agents, accountants and attorneys, in each case so long as such Persons agree to keep such information confidential, and (b) to a
Permitted Transferee pursuant to a transfer by such New Class C Stockholder in accordance with the Organizational Documents of the Company and ARTICLE III. Notwithstanding the foregoing, no New Class C Stockholder shall disclose to
any third party, in whole or in part, any Confidential Information that any of such New Class C Stockholder’s Affiliates, directors, officers, employees, advisors, agents, accountants or attorneys received on a confidential basis from the
Company or any other Person under or pursuant to this Agreement, including financial terms and financial and organizational information contained in any documents, statements, certificates, materials or information furnished, or to be furnished, by
or on behalf of the Company or any other Person in connection with the purchase or ownership of any DTI Securities; provided, however, that the foregoing shall not be construed, now or in the future, to apply to any information
obtained from sources other than the Company, any of its direct or indirect Subsidiaries or Affiliates or any of its or their employees, directors, consultants, agents or representatives (including attorneys, accountants, financial advisors,
engineers and insurance brokers) or information that is or becomes in the public domain through no fault of such New Class C Stockholder or any of his, her or its Permitted Transferees, nor shall it be construed to prevent such New Class C

  
 22 

 
Stockholder from making any disclosure of any information (A) if required to do so by any statute, law, treaty, rule, regulation, order, decree, writ, injunction or determination of any
court or other governmental authority, in each case applicable to or binding upon such New Class C Stockholder, or (B) pursuant to subpoena. 

(b) The Company acknowledges that the New Class C Stockholders’ review of the Confidential Information will inevitably enhance their
knowledge and understanding of the Company’s and its Subsidiaries’ industries in a way that cannot be separated from the New Class C Stockholders’ or its Affiliates’ other knowledge and the Company agrees that, without
limiting the New Class C Stockholders’ obligations under this Agreement, Section 4.2(a) shall not restrict the New Class C Stockholders’ and their respective Affiliates’ use of such overall
knowledge and understanding of such industries, including in connection with the purchase, sale, consideration of and decisions related to other investments and serving on the boards of such investments. 

Section 4.3. Cooperation with Reorganizations. 

(a) Mergers, Reorganizations, Etc. In the event of any merger, amalgamation, statutory share exchange or other business combination or
reorganization of the Company, on the one hand, with any of its Subsidiaries (including for this purpose VMware and its subsidiaries), on the other hand, the New Class C Stockholders shall, to the extent necessary, as determined by the approval
of the MD Stockholders and the SLP Stockholders, execute a stockholders agreement with terms that are substantially equivalent (to the extent practicable) to, mutatis mutandis, such terms of this Agreement. 

(b) Further Assurances. In connection with any proposed transaction contemplated by Section 4.3(a), each New
Class C Stockholder shall take such actions as may be required and otherwise cooperate in good faith with the Company and the Sponsor Stockholders, including approving such reorganizations, mergers or other transactions and taking all actions
requested by the Company or the MD Stockholders and the SLP Stockholders, acting jointly, and executing and delivering all agreements, instruments and documents as may be required in order to consummate any such proposed transaction contemplated by
Section 4.3(a). 
 Section 4.4. Reporting. 

(a) Financial Statements. At the written request of any New Class C Stockholder, the Company shall deliver, or cause to be
delivered, to such New Class C Stockholder the financial statements and financial information and reports and budgets, as applicable, that are provided to lenders under the Term Facilities (as defined in the Debt Commitment Letter), when and to
the extent the same are prepared for and provided to such lenders, but without regard to any provisions in such Term Facilities that require: (a) notice of defaults or events of default or other events under the Term Facilities,
(b) delivery of officer’s certificates with respect to absence of defaults or the existence, occurrence or absence of other events or conditions specified under the Term Facilities, (c) consolidating footnotes or financial statements
reflecting guarantor vs. non-guarantors or restricted vs. unrestricted subsidiaries or (d) limitations on choice of auditor or that auditor reports not contain “going concern” or other
qualifications or exceptions or limitations to as to scope. 

  
 23 

 (b) Capitalization Table. If requested by any Stockholder, the Company shall deliver,
or cause to be delivered with reasonable promptness a complete, correct and accurate capitalization table for the DTI Securities. 

Section 4.5. Registration of Applicable High Vote Stock. The Company shall not cause the Class A Common Stock or Class B
Common Stock or any Applicable High Vote Stock to be listed on a national securities exchange, or register an underwritten public offering of such stock, in each case as the primary publicly traded Security of the Company, without the prior consent
of a majority in interest of the New Class C Stockholders that then hold shares of Common Stock; provided, however, that: (a) such restrictions will not apply if the New Class C Stockholders and their Permitted
Transferees that then hold Common Stock or any other Securities convertible into Common Stock are given the opportunity to exchange or convert such shares of Common Stock or other Securities into the same class of high-vote exchange-listed stock
prior to such listing, registration or offering; and (b) the provisions of this Section 4.5 will also apply to any successor to the Company by merger or consolidation (as long as the New Class C Stockholders
continue to hold shares of such successor into which the shares of Common Stock or other Securities have been converted) with respect to the listing of any high vote stock into which the Class A Common Stock, Class B Common Stock or any
Applicable High Vote Stock of the Company is converted in such merger or consolidation. 
 ARTICLE V 

MISCELLANEOUS 

Section 5.1. Entire Agreement. This Agreement (together with the applicable Subscription Agreement and the Registration
Rights Agreement) constitutes the entire understanding and agreement between the parties with respect to the DTI Securities owned by the New Class C Stockholders and supersedes and replaces any prior understanding, agreement or statement of
intent, in each case, written or oral, of any and every nature with respect thereto; provided that, for the avoidance of doubt, the Original Agreement shall continue to have full force and effect with respect to matters addressed therein for
periods prior to the Closing Date. In the event of any inconsistency between this Agreement and any document executed or delivered to effect the purposes of this Agreement, including the Organizational Documents of any Person, this Agreement shall
govern as among the parties hereto. Each of the parties hereto shall exercise all voting and other rights and powers available to it so as to give effect to the provisions of this Agreement and, if necessary, to procure (so far as it is able to do
so) any required amendment to the Company’s and/or its Subsidiaries’ Organizational Documents, in order to cure any such inconsistency. 

Section 5.2. Specific Performance. The parties hereto agree that the obligations imposed on them in this Agreement are
special, unique and of an extraordinary character, and that, in the event of breach by any party, damages would not be an adequate remedy and each of the other parties shall be entitled to specific performance and injunctive and other equitable
relief in addition to any other remedy to which it may be entitled, at law or in equity. The parties hereto further agree to waive any requirement for the securing or posting of any bond in connection with the obtaining of any such injunctive or
other equitable relief. 

  
 24 

 Section 5.3. Governing Law. This Agreement and all claims or causes of
action (whether in tort, contract or otherwise) that may be based upon, arise out of or relate to this Agreement or the negotiation, execution or performance of this Agreement (including any claim or cause of action based upon, arising out of or
related to any representation or warranty made in or in connection with this Agreement) shall be governed by and construed in accordance with the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable
principles of conflicts of laws. 
 Section 5.4. Submissions to Jurisdictions; WAIVER OF JURY TRIAL. 

(a) Each of the parties hereto hereby irrevocably acknowledges and consents that any legal action or proceeding brought with respect to this
Agreement or any of the obligations arising under or relating to this Agreement shall be brought and determined exclusively in the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to
accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware), and each of the parties hereto hereby irrevocably submits to and accepts with regard to any such action or proceeding,
for itself and in respect of its property, generally and unconditionally, the exclusive jurisdiction of the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a
particular matter, any Federal court of the United States of America sitting in the State of Delaware). Each party hereby further irrevocably waives any claim that the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in
the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware) lacks jurisdiction over such party, and agrees not to plead or claim, in any legal
action or proceeding with respect to this Agreement or the transactions contemplated hereby brought in the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a
particular matter, any Federal court of the United States of America sitting in the State of Delaware), that any such court lacks jurisdiction over such party. 

(b) Each party irrevocably consents to the service of process in any legal action or proceeding brought with respect to this Agreement or any
of the obligations arising under or relating to this Agreement by the mailing of copies thereof by registered or certified mail, postage prepaid, to such party, at its address for notices as provided in Section 5.13 of this
Agreement, such service to become effective ten (10) days after such mailing. Each party hereby irrevocably waives any objection to such service of process and further irrevocably waives and agrees not to plead or claim in any action or
proceeding commenced hereunder or under any other documents contemplated hereby, that service of process was in any way invalid or ineffective. Subject to Section 5.4(c), the foregoing shall not limit the rights of any
party to serve process in any other manner permitted by applicable law. The foregoing consents to jurisdiction shall not constitute general consents to service of process in the State of Delaware for any purpose except as provided above and shall
not be deemed to confer rights on any Person other than the respective parties to this Agreement. 
 (c) Each of the parties hereto hereby
waives any right it may have under the laws of any jurisdiction to commence by publication any legal action or proceeding with respect to this Agreement or any of the obligations under or relating to this Agreement. To the fullest

  
 25 

 
extent permitted by applicable law, each of the parties hereto hereby irrevocably waives the objection which it may now or hereafter have to the laying of the venue of any suit, action or
proceeding with respect to this Agreement or any of the obligations arising under or relating to this Agreement in the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept
jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware), and hereby further irrevocably waives and agrees not to plead or claim that the Court of Chancery in the State of Delaware
(or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware) is not a convenient forum for any such suit,
action or proceeding. 
 (d) The parties hereto agree that any judgment obtained by any party hereto or its successors or assigns in any
action, suit or proceeding referred to above may, in the discretion of such party (or its successors or assigns), be enforced in any jurisdiction, to the extent permitted by applicable law. 

(e) EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT
TO ANY SUIT, ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES (I) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY SUIT, ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER AND (II) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO
ENTER INTO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section 5.4(e). 

Section 5.5. Obligations. All obligations hereunder shall be satisfied in full without
set-off, defense or counterclaim. 
 Section 5.6. Consents, Approvals and Actions. 

(a) MD Stockholders. All actions required to be taken by, or approvals or consents of, the MD Stockholders under this Agreement shall
be taken by consent or approval by, or agreement of, MD or his permitted assignee; provided, that upon the occurrence and during the continuation of a Disabling Event, such approval or consent shall be taken by consent or approval by, or
agreement of, the holders of a majority of the DTI Securities held by the MD Stockholders, and in each case, such consent, approval or agreement shall constitute the necessary action, approval or consent by the MD Stockholders. 

(b) SLP Stockholders. All actions required to be taken by, or approvals or consents of, the SLP Stockholders under this Agreement shall
be taken by consent or approval by, or agreement of, the holders of a majority of the DTI Securities held by the SLP Stockholders, and in each case, such consent, approval or agreement shall constitute the necessary action, approval or consent by
the SLP Stockholders. 

  
 26 

 (c) New Class C Stockholders. All actions required to be taken by,
or approvals or consents of, the New Class C Stockholders under this Agreement shall be taken by consent or approval by, or agreement of, the holders of a majority of the DTI Securities held by the New Class C Stockholders, and such
consent, approval or agreement shall constitute the necessary action, approval or consent by the New Class C Stockholders. 

Section 5.7. Amendment; Waiver. 

(a) Except as set forth below, any amendment or modification of any provision of this Agreement shall require the prior written approval of
the Company; provided, that (i) if any such amendment or modification adversely affects the MD Stockholders, it shall require the prior written consent of the holders of a majority of the DTI Securities held by the MD Stockholders in the
aggregate, (ii) if any such amendment or modification adversely affects the SLP Stockholders, it shall require the prior written consent of the holders of a majority of the DTI Securities held by the SLP Stockholders in the aggregate and
(iii) if the express terms of any such amendment or modification disproportionately and adversely affect one or more New Class C Stockholders relative to the Sponsor Stockholders or any other New Class C Stockholder, it shall require
the prior written consent of the holders of a majority of the DTI Securities held by such affected New Class C Stockholders in the aggregate. Notwithstanding the foregoing, (i) the foregoing proviso shall not apply with respect to in the
case of New Class C Stockholders, amendments or modifications that do not apply to New Class C Stockholders, (ii) any addition of a transferee of DTI Securities or a recipient of DTI Securities as a party hereto pursuant to
Section 3.1(a) shall not constitute an amendment or modification hereto and the applicable Joinder Agreement need be signed only by the Company and such transferee or recipient, and (iii) the Company shall promptly
amend the books and records of the Company appropriately as and to the extent necessary to reflect the removal or addition of a New Class C Stockholder, any changes in the amount and/or type of DTI Securities beneficially owned by each New
Class C Stockholder and/or the addition of a transferee of DTI Securities or a recipient of any DTI Securities, in each case, pursuant to and in accordance with the terms of this Agreement. 

(b) Any failure by the Company or a Sponsor Stockholder at any time to enforce any of the provisions of this Agreement shall not be construed
a waiver of such provision or any other provisions hereof. The waiver by the Company or a Sponsor Stockholder of a breach of any provision of this Agreement shall not operate or be construed as a further or continuing waiver of such breach or as a
waiver of any other or subsequent breach. Except as otherwise expressly provided herein, no failure on the part of the Company or a Sponsor Stockholder to exercise, and no delay in exercising, any right, power or remedy hereunder, or otherwise
available in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by the Company or a Sponsor Stockholder preclude any other or further exercise thereof or the
exercise of any other right, power or remedy. 

  
 27 

 Section 5.8. Assignment of Rights By New Class C
Stockholders. No New Class C Stockholder may assign or transfer its rights under this Agreement except with the prior consent of the MD Stockholders and the SLP Stockholders; provided, that no such consent shall be required
for any assignment or transfer of DTI Securities to a Permitted Transferee which complies with Section 3.2. Any purported assignment of rights or obligations under this Agreement in derogation of this Section 5.8 shall be
null and void. 
 Section 5.9. Transfers to Permitted Transferees. Each MD Stockholder and SLP Stockholder agrees
that it will not transfer any DTI Securities to any of its Permitted Transferees unless (i) such Permitted Transferee is already a party to this Agreement or (ii) at the time of such transfer such Permitted Transferee executes and delivers
to the Company a Joinder Agreement in the form attached hereto as Annex A and becomes a party to this Agreement. 

Section 5.10. Binding Effect. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of,
and be binding upon, the parties’ successors and permitted assigns. 
 Section 5.11. Third Party Beneficiaries. Except for
Section 5.14 (which will be for the benefit of the Persons set forth therein, and any such Person will have the rights provided for therein), this Agreement does not create any rights, claims or benefits inuring to any
Person that is not a party hereto, and it does not create or establish any third party beneficiary hereto. 
 Section 5.12.
Termination. This Agreement shall terminate only (i) by written consent of the MD Stockholders (for so long as the MD Stockholders own DTI Securities), the SLP Stockholders (for so long as the SLP Stockholders own DTI Securities) and the
holders of a majority of the DTI Securities held by all of the New Class C Stockholders or (ii) upon the dissolution or liquidation of the Company. 

Section 5.13. Notices. Any and all notices, designations, offers, acceptances or other communications provided for herein shall be
deemed to be sufficient if contained in a written instrument delivered in person or sent by facsimile (with written confirmation of transmission), e-mail (with written confirmation of transmission) or nationally-recognized overnight courier, which shall be addressed: 
 (a) in the case of the Company, to
its principal office to the attention of its General Counsel, with a copy (which shall not constitute actual or constructive notice) to: 

Hogan Lovells US LLP 
 Columbia
Square 
 555 Thirteenth Street, NW 

Washington, DC 20004 
 Attention:
Richard J. Parrino 
                  Kevin K.
Greenslade 
 Facsimile: (202) 637-5910 

Email: richard.parrino@hoganlovells.com 

Email: kevin.greenslade@hoganlovells.com 

  
 28 

 (b) in the case of the Stockholders identified below, to the following respective addresses,
e-mail addresses or facsimile numbers: 
 If to any of the SLP Stockholders, to: 

c/o Silver Lake Partners 
 2775
Sand Hill Road 
 Suite 100 

Menlo Park, CA 94025 
 Attention:
Karen King 
 Facsimile: (650) 233-8125 

E-mail: karen.king@silverlake.com 

and 
 c/o Silver Lake Partners

 9 West 57th Street 
 32nd
Floor 
 New York, NY 10019 

Attention: Andrew J. Schader 

Facsimile: (212) 981-3535 

E-mail: andy.schader@silverlake.com 

with a copy (which shall not constitute actual or constructive notice) to: 

Simpson Thacher & Bartlett LLP 

2475 Hanover Street 
 Palo Alto,
CA 94304 
 Attention: Rich Capelouto 

                 Daniel N. Webb 

Facsimile: (650) 251-5002 

Email: rcapelouto@stblaw.com 

Email: dwebb@stblaw.com 
 If to
any of the MD Stockholders, to: 
 Michael S. Dell 

c/o Dell Inc. 
 One Dell Way 

Round Rock, TX 78682 
 Facsimile:
(512) 283-1469 
 Email: michael@dell.com 

with a copy (which shall not constitute actual or constructive notice) to: 

Wachtell, Lipton, Rosen & Katz 

51 West 52nd Street 
 New York, NY
10019 
 Attention: Steven A. Rosenblum 

                 Michael J. Segal

  
 29 

 
                 Andrew J. Nussbaum 

                 Gordon S. Moodie 

Facsimile: (212) 403-2000 

Email: sarosenblum@wlrk.com 

Email: msegal@wlrk.com 
 Email:
ajnussbaum@wlrk.com 
 Email: gsmoodie@wlrk.com 

and 
 MSD Capital, L.P. 

645 Fifth Avenue 
 21st Floor 

New York, NY 10022-5910 

Attention: Marc R. Lisker 

                 Marcello Liguori 

Facsimile: (212) 303-1772 

Email: mlisker@msdcapital.com 

Email: mliguori@msdcapital.com 

(c) If to any New Class C Stockholder, to the address, e-mail address or facsimile number
appearing on the signature pages hereto and/or Joinder Agreement (if applicable) of such New Class C Stockholder. 
 Any and all notices, designations,
offers, acceptances or other communications shall be conclusively deemed to have been given, delivered or received (i) in the case of personal delivery, on the day of actual delivery thereof, (ii) in the case of facsimile or e-mail, on the day of transmittal thereof if given during the normal business hours of the recipient, and on the Business Day during which such normal business hours next occur if not given during such hours on any
day and (iii) in the case of dispatch by nationally-recognized overnight courier, on the next Business Day following the disposition with such nationally-recognized
overnight courier. By notice complying with the foregoing provisions of this Section 5.13, each party shall have the right to change its mailing address, e-mail address or facsimile
number for the notices and communications to such party. The Stockholders hereby consent to the delivery of any and all notices, designations, offers, acceptances or other communications provided for herein by Electronic Transmission addressed to
the email address or facsimile number of such Stockholder as provided herein. 
 Section 5.14. No Third Party Liability. This
Agreement may only be enforced against the named parties hereto. All claims or causes of action (whether in contract or tort) that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this
Agreement (including any representation or warranty made in or in connection with this Agreement or as an inducement to enter into this Agreement), may be made only against the entities that are expressly identified as parties hereto; and no past,
present or future director, officer, employee, incorporator, member, partner, stockholder, Affiliate, portfolio company in which any such party or any of its investment fund Affiliates have made a debt or equity

  
 30 

 
investment (and vice versa), agent, attorney or representative of any party hereto (including any Person negotiating or executing this Agreement on behalf of a party hereto), unless party to this
Agreement, shall have any liability or obligation with respect to this Agreement or with respect any claim or cause of action (whether in contract or tort) that may arise out of or relate to this Agreement, or the negotiation, execution or
performance of this Agreement (including a representation or warranty made in or in connection with this Agreement or as an inducement to enter into this Agreement). 

Section 5.15. No Partnership. Nothing in this Agreement and no actions taken by the parties under this Agreement shall constitute
a partnership, association or other co-operative entity between any of the parties or cause any party to be deemed the agent of any other party for any purpose. 

Section 5.16. Aggregation; Beneficial Ownership. All DTI Securities held or acquired by any Sponsor Stockholder and its Affiliates
and Permitted Transferees shall be aggregated together for the purpose of determining the availability of any rights under and application of any limitations under this Agreement, and each such Sponsor Stockholder and its Affiliates may apportion
such rights as among themselves in any manner they deem appropriate. Without limiting the generality of the foregoing: 
 (a) for the
purposes of calculating the beneficial ownership of the MD Stockholders, all of the MD Stockholders’ Common Stock, the MSD Partners Stockholders’ Common Stock, all of their respective Affiliates’ Common Stock and all of their
respective Permitted Transferees’ Common Stock (including in each case Common Stock issuable upon exercise, delivery or vesting of incentive equity awards) shall be included as being owned by the MD Stockholders and as being outstanding; and

 (b) for the purposes of calculating the beneficial ownership of any other Stockholder, all of such Stockholder’s Common Stock, all
of its Affiliates’ Common Stock and all of its Permitted Transferees’ Common Stock shall be included as being owned by such Stockholder and as being outstanding. 

Section 5.17. Severability. If any portion of this Agreement shall be declared void or unenforceable by any court or
administrative body of competent jurisdiction, such portion shall be deemed severable from the remainder of this Agreement, which shall continue in all respects to be valid and enforceable. 

Section 5.18. Counterparts. This Agreement may be executed in any number of counterparts (which delivery may be via facsimile
transmission or e-mail if in .pdf format), each of which shall be deemed an original, but all of which together shall constitute a single instrument. 

Section 5.19. Effectiveness. This Agreement shall become effective as of the Closing Date upon execution of this Agreement by the
Company and each of the Sponsor Stockholders and the New Class C Stockholder. In the event that the Merger Agreement is terminated for any reason without the Closing having occurred, this Agreement shall not become effective, shall be void ab
initio and the Original Agreement shall continue in full force and effect without amendment or restatement. 

  
 31 

 IN WITNESS WHEREOF, each of the undersigned has executed this Amended and Restated
Class C Stockholders Agreement or caused this Amended and Restated Class C Stockholders Agreement to be signed by its officer thereunto duly authorized as of the date first written above. 

 

			
	COMPANY:
	
	DELL TECHNOLOGIES INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Amended and Restated Class C Stockholders Agreement] 

 
			
	MD STOCKHOLDER:
	
	  

	MICHAEL S. DELL

 [Amended and Restated Class C Stockholders Agreement] 

 
			
	MD STOCKHOLDER:
	
	SUSAN LIEBERMAN DELL SEPARATE
PROPERTY TRUST
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Amended and Restated Class C Stockholders Agreement] 

 
			
	SLP STOCKHOLDERS:
	
	SILVER LAKE PARTNERS III, L.P.
		
	By:	 	Silver Lake Technology Associates III, L.P., its general partner
		
	By:	 	SLTA III (GP), L.L.C., its general partner
		
	By:	 	Silver Lake Group, L.L.C., its managing member
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	SILVER LAKE PARTNERS IV, L.P.
		
	By:	 	Silver Lake Technology Associates IV, L.P., its general partner
		
	By:	 	SLTA IV (GP), L.L.C., its general partner
		
	By:	 	Silver Lake Group, L.L.C., its managing member
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Amended and Restated Class C Stockholders Agreement] 

 
			
	SILVER LAKE TECHNOLOGY INVESTORS III, L.P.
		
	 By:
	 	Silver Lake Technology Associates III, L.P., its general partner
		
	 By:
	 	SLTA III (GP), L.L.C., its general partner
		
	By:	 	Silver Lake Group, L.L.C., its managing member
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	SILVER LAKE TECHNOLOGY INVESTORS IV, L.P.
		
	 By:
	 	Silver Lake Technology Associates IV, L.P., its general partner
		
	By:	 	SLTA IV (GP), L.L.C., its general partner
		
	 By:
	 	Silver Lake Group, L.L.C., its managing member
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Amended and Restated Class C Stockholders Agreement] 

 
			
	SLP DENALI CO-INVEST, L.P.
		
	By:	 	SLP Denali Co-Invest GP, L.L.C.,
its general partner
		
	By:	 	Silver Lake Technology Associates III, L.P.,
its managing member
		
	By:	 	SLTA III (GP), L.L.C., its general partner
		
	By:	 	Silver Lake Group, L.L.C., its managing
member
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Amended and Restated Class C Stockholders Agreement] 

 
			
	NEW CLASS C STOCKHOLDER
	
	VENEZIO INVESTMENTS PTE. LTD.

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 If to any of the New Class C Stockholders, to: 

Venezio Investments Pte. Ltd. 
 60B Orchard Road 

#06-18 Tower 2 
 Singapore

 Attention: Boon Sim 
 Email: boonsim@temasek.com.sg

 with a copy (which shall not constitute actual or constructive notice) to: 

Cleary Gottlieb Steen & Hamilton LLP 
 One Liberty Plaza

 New York NY 10006 
 Attention: Paul J. Shim 

Facsimile: (212) 225-3999 

Email: pshim@cgsh.com 
 [Amended and Restated
Class C Stockholders Agreement] 

 Annex A 

FORM OF JOINDER AGREEMENT 

The undersigned is executing and delivering this Joinder Agreement pursuant to that certain Amended and Restated Class C Stockholders
Agreement, dated as of [●], 2018 (as amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Class C Stockholders Agreement”) by and among Dell Technologies
Inc., Michael S. Dell, Susan Lieberman Dell Separate Property Trust, Silver Lake Partners III, L.P., Silver Lake Technology Investors III, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., SLP Denali Co-Invest, L.P., the New Class C Stockholders named therein and any other Persons who become a party thereto in accordance with the terms thereof. Capitalized terms used but not defined in this Joinder
Agreement shall have the respective meanings ascribed to such terms in the Class C Stockholders Agreement. 
 By executing and
delivering this Joinder Agreement to the Class C Stockholders Agreement, the undersigned hereby adopts and approves the Class C Stockholders Agreement and agrees, effective commencing on the date hereof and as a condition to the
undersigned’s becoming the transferee of DTI Securities, to become a party as a New Class C Stockholder to, and to be bound by and comply with the provisions of, the Class C Stockholders Agreement applicable to a New Class C
Stockholder in the same manner as if the undersigned were an original signatory to the Class C Stockholders Agreement. 
 [The
undersigned hereby represents and warrants that, pursuant to this Joinder Agreement and the Class C Stockholders Agreement, it is a Permitted Transferee of [●] and will be the lawful record owner of [●] shares of [Insert
description of series / type of Security] of the Company as of the date hereof. The undersigned hereby covenants and agrees that it will take all such actions as required of a Permitted Transferee as set forth in the Class C
Stockholders Agreement, including but not limited to conveying its record and beneficial ownership of any DTI Securities and all rights, title and obligations thereunder back to the initial transferor Stockholder or to another Permitted Transferee
of the original transferor Stockholder, as the case may be, immediately prior to such time that the undersigned no longer meets the qualifications of a Permitted Transferee as set forth in the Class C Stockholders Agreement.]1 
 The undersigned acknowledges and agrees that Section 5.2
through Section 5.4 of the Class C Stockholders Agreement are incorporated herein by reference, mutatis mutandis. 

[Remainder of page intentionally left blank] 

 

	1 	 [Note: To be included for transfers of DTI Securities to Permitted Transferees] 

 Accordingly, the undersigned has executed and delivered this Joinder Agreement as of the
     day of                     ,         . 

 

			
	  

	Signature
	
	  

	Print Name

 
			
		
	Address:	 	  

 
			
	  

	  

			
	Telephone:	 	  

	Facsimile:	 	  

	Email:	 	  

 AGREED AND ACCEPTED 

As of the          day of
                    ,         . 

 

			
	DELL TECHNOLOGIES INC.

			
		
	By:	 	  

			
	Name:	 	
	Title:	 	

 Annex B 

FORM OF 
 SPOUSAL CONSENT

 In consideration of the execution of that certain Amended and Restated Class C Stockholders Agreement, dated as of [●],
2018 (as amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Class C Stockholders Agreement”) by and among Dell Technologies Inc., Michael S. Dell, Susan Lieberman
Dell Separate Property Trust, Silver Lake Partners III, L.P., Silver Lake Technology Investors III, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology Investors IV, L.P., SLP Denali Co-Invest, L.P.,
the New Class C Stockholders named therein and any other Persons who become a party thereto in accordance with the terms thereof, I,
                    , the spouse of
                    , who is a party to the Class C Stockholders Agreement, do hereby join with my spouse in executing the foregoing
Class C Stockholders Agreement and do hereby agree to be bound by all of the terms and provisions thereof, in consideration of the issuance, acquisition or receipt of DTI Securities and all other interests I may have in the shares and
securities subject thereto, whether the interest may be pursuant to community property laws or similar laws relating to marital property in effect in the state or province of my or our residence as of the date of signing this consent. Capitalized
terms used but not defined herein shall have the meaning ascribed to such terms in the Class C Stockholders Agreement. 
  

			
	Dated as of                     ,         	  	  

		  	(Signature of Spouse)
		
		  	  

		  	(Print Name of Spouse)EX-10.7

 Exhibit 10.7 
  

 
  

DELL TECHNOLOGIES INC. 

SECOND AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 

Dated as of [●], 2018 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		 	ARTICLE I	  			
		 	DEFINITIONS	  			
			
	Section 1.1	 	Definitions	  	 	2	 
	Section 1.2	 	General Interpretive Principles	  	 	13	 
			
		 	ARTICLE II	  			
		 	REGISTRATION RIGHTS	  			
			
	Section 2.1	 	Automatic Shelf Registration	  	 	13	 
	Section 2.2	 	Holder Initiated Shelf Registration	  	 	15	 
	Section 2.3	 	Shelf Take-Downs	  	 	17	 
	Section 2.4	 	Demand Registration	  	 	22	 
	Section 2.5	 	Piggyback Registration	  	 	27	 
	Section 2.6	 	Expenses of Registration	  	 	29	 
	Section 2.7	 	Obligations of the Company	  	 	29	 
	Section 2.8	 	Indemnification	  	 	34	 
	Section 2.9	 	Information by Holder	  	 	37	 
	Section 2.10	 	Transfer of Registration Rights; Additional Holders; General Transfer Restrictions on Exercise of Rights	  	 	37	 
	Section 2.11	 	Delay of Registration	  	 	38	 
	Section 2.12	 	Limitations on Subsequent Registration Rights	  	 	38	 
	Section 2.13	 	Reporting	  	 	38	 
	Section 2.14	 	Blackout Periods	  	 	39	 
	Section 2.15	 	Clear Market	  	 	41	 
	Section 2.16	 	Discontinuance of Distributions and Use of Prospectus and Free Writing Prospectus	  	 	41	 
			
		 	ARTICLE III	  			
		 	MISCELLANEOUS	  			
			
	Section 3.1	 	Term	  	 	42	 
	Section 3.2	 	Effectiveness	  	 	42	 
	Section 3.3	 	Further Assurances	  	 	42	 
	Section 3.4	 	Confidentiality	  	 	42	 
	Section 3.5	 	Entire Agreement	  	 	43	 
	Section 3.6	 	Specific Performance	  	 	43	 
	Section 3.7	 	Governing Law	  	 	43	 
	Section 3.8	 	Submissions to Jurisdictions; WAIVER OF JURY TRIALS	  	 	43	 
	Section 3.9	 	Obligations	  	 	45	 
	Section 3.10	 	Consents, Approvals and Actions	  	 	45	 
	Section 3.11	 	Amendment and Waiver	  	 	46	 
	Section 3.12	 	Binding Effect	  	 	46	 

  
 i 

							
	Section 3.13	 	Third Party Beneficiaries	  	 	47	 
	Section 3.14	 	Notices	  	 	47	 
	Section 3.15	 	No Third Party Liability	  	 	50	 
	Section 3.16	 	No Partnership	  	 	50	 
	Section 3.17	 	Severability	  	 	50	 
	Section 3.18	 	Counterparts	  	 	50	 

  
 ii 

 DELL TECHNOLOGIES INC. 

SECOND AMENDED AND RESTATED 

REGISTRATION RIGHTS AGREEMENT 

THIS SECOND AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT is made as of [●], 2018, by and among Dell Technologies Inc., a Delaware
corporation, and each of the following (hereinafter severally referred to as a “Stockholder” and collectively referred to as the “Stockholders”): 

 

	 	(a)	 Michael S. Dell (“MD”) and Susan Lieberman Dell Separate Property Trust (collectively, the
“MD Stockholders”); 

  

	 	(b)	 MSDC Denali Investors, L.P., a Delaware limited partnership, and MSDC Denali EIV, LLC, a Delaware limited
liability company (collectively, the “MSD Partners Stockholders”); 

  

	 	(c)	 Silver Lake Partners III, L.P., a Delaware limited partnership, Silver Lake Technology Investors III, L.P., a
Delaware limited partnership, Silver Lake Partners IV, L.P., a Delaware limited partnership, Silver Lake Technology Investors IV, L.P., a Delaware limited partnership, and SLP Denali Co-Invest, L.P., a Delaware limited partnership (collectively, the
“SLP Stockholders”, and together with the MD Stockholders and the MSD Partners Stockholders, the “Sponsor Stockholders”); 

  

	 	(d)	 Venezio Investments Pte. Ltd., a Singapore corporation (the “Temasek Stockholder”);

  

	 	(e)	 the parties identified on a schedule agreed by the Company and the MD Stockholders as “Management
Stockholders” (“Management Stockholders”); and 

  

	 	(f)	 any other Person who becomes a party hereto pursuant to, and in accordance with, Section 2.10.

 WHEREAS, certain of the parties hereto are party to that certain Registration Rights Agreement, dated as of
October 29, 2013, as amended and restated by that certain Amended and Restated Registration Rights Agreement, dated as of September 7, 2016 (the “First Restated Agreement”); 

WHEREAS, pursuant to an Agreement and Plan of Merger, dated as of July 1, 2018 (as further amended, restated, supplemented or modified
from time to time, the “Merger Agreement”), by and between the Company and Teton Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“Merger Sub”), Merger Sub will be merged with and
into the Company (the “Merger”), with the Company as the surviving corporation; 
 WHEREAS, in connection with the
execution of the Merger Agreement, the Company, the MD Stockholders, the MSD Partners Stockholders and the SLP Stockholders wish to amend the First Restated Agreement to make certain changes to the rights and obligations of the Company and the
Stockholders under the First Restated Agreement, effective upon the consummation of the Merger; 

  
 1 

 WHEREAS, the undersigned parties desire to amend and restate the First Restated Agreement as
set forth herein pursuant to Section 3.11 of the First Restated Agreement; 
 NOW, THEREFORE, in consideration of the agreements
and obligations set forth herein and for other good and valuable consideration, the receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree that the First Restated Agreement is, as of the Closing
Date and subject to Section 3.2, amended and restated in its entirety as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 

“Adverse Disclosure” means public disclosure of material non-public information which, in the Board’s good faith
judgment, after consultation with outside counsel to the Company, (i) would be required to be made in any report or Registration Statement filed with the SEC by the Company so that such report or Registration Statement would not contain any
untrue statement of a material fact or omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading, (ii) would not be required to be made at such time but for the filing,
effectiveness or continued use of such report or Registration Statement and (iii) such disclosure is not in the best interests of the Company or would materially and adversely interfere with a bona fide financing transaction, disposition
or acquisition by the Company and/or its Subsidiaries that is material to the Company and its Subsidiaries (on a consolidated basis). 

“Affiliate” means, with respect to any Person, any other Person that controls, is controlled by, or is under common control
with such Person. The term “control” means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or
otherwise. The terms “controlled” and “controlling” have meanings correlative to the foregoing. Notwithstanding the foregoing, for purposes of this Agreement, (i) the Company, its Subsidiaries and its other
controlled Affiliates (including VMware and its subsidiaries) shall not be considered Affiliates of any of the Sponsor Stockholders or any of such party’s Affiliates (other than the Company, its Subsidiaries and its other controlled
Affiliates), (ii) none of the MD Stockholders shall be considered Affiliates of the MSD Partners Stockholders and/or the SLP Stockholders, (iii) none of the MSD Partners Stockholders shall be considered Affiliates of the MD Stockholders
and/or the SLP Stockholders, (iv) none of the SLP Stockholders shall be considered Affiliates of the MSD Partners Stockholders and/or the MD Stockholders, (v) none of the Sponsor Stockholders shall be considered Affiliates of (x) any
portfolio company in which any of the Sponsor Stockholders or any of their investment fund Affiliates have made a debt or equity investment (and vice versa) or (y) any limited partners, non-managing members or other

  
 2 

 
similar direct or indirect investors in any of the Sponsor Stockholders or their affiliated investment funds and (vi) portfolio companies of Temasek Holdings (Private) Limited
(“Temasek Holdings”) that are not under the management or control of the management team managing the Temasek Stockholder shall not be considered Affiliates of the Temasek Stockholder. 

“Agreement” means this Second Amended and Restated Registration Rights Agreement (including the schedules, annexes and
exhibits attached hereto) as the same may be amended, restated, supplemented or otherwise modified from time to time. 
 “Automatic
Shelf Registration Statement” shall have the meaning set forth in Rule 405 (or any successor provision) of the Securities Act. 

“beneficial ownership” and “beneficially own” and similar terms have the meaning set forth in Rule 13d-3
under the Exchange Act; provided, however, that (i) no party hereto shall be deemed to beneficially own any Securities held by any other party hereto solely by virtue of the provisions of this Agreement (other than this
definition) and (ii) with respect to any Securities held by a party hereto that are exercisable for, convertible into or exchangeable for Shares upon delivery of consideration to the Company or any of its Subsidiaries, such Shares shall not be
deemed to be beneficially owned by such party unless, until and to the extent such Securities have been exercised, converted or exchanged and such consideration has been delivered by such party to the Company or such Subsidiary. 

“Blackout Period Restrictions” means (i) offering for sale, selling, pledging, hypothecating, transferring, making any
short sale of, loaning, granting any option or right to purchase of or otherwise disposing of (or entering into any transaction or device that is designed to, or could be expected to, result in the disposition by any Person at any time in the future
of) any Securities (including Securities that may be deemed to be beneficially owned by the undersigned in accordance with the rules and regulations of the SEC and Securities that may be issued upon exercise of any Company Stock Options or warrants)
or securities convertible into or exercisable or exchangeable for Securities, (ii) entering into any swap, hedging arrangement or other derivatives transaction with respect to any Securities (including Securities that may be deemed to be
beneficially owned by the undersigned in accordance with the rules and regulations of the SEC and Securities that may be issued upon exercise of any Company Stock Options or warrants) or securities convertible into or exercisable or exchangeable for
Securities, whether any such transaction described in clause (i) above or this clause (ii) is to be settled by delivery of Securities, in cash or otherwise, (iii) making any demand for or exercising any right or causing to be filed a
Registration Statement, including any amendments thereto, with respect to the registration of any Securities or securities convertible into or exercisable or exchangeable for Securities and/or (iv) publicly disclosing the intention to do any of
the foregoing; provided, that the foregoing shall not prohibit a Holder that has a contractual right to transfer Registrable Securities in a registered sale pursuant to this Agreement from transferring its Registrable Securities in an
applicable Underwritten Shelf Take-Down or an underwritten offering of Shares pursuant to Section 2.4 or Section 2.5. 

“Board” means the Board of Directors of the Company. 

  
 3 

 “Business Day” means a day, other than a Saturday, Sunday or other day on
which banks located in New York, New York, Austin, Texas or San Francisco, California are authorized or required by law to close. 

“Class A Common Stock” means the Class A Common Stock, par value $0.01 per share, of the Company. 

“Class B Common Stock” means the Class B Common Stock, par value $0.01 per share, of the Company. 

“Class C Common Stock” means the Class C Common Stock, par value $0.01 per share, of the Company. 

“Class C Stockholders Agreement” means the Amended and Restated Class C Stockholders Agreement of the Company dated as of the
date hereof. 
 “Class D Common Stock” means the Class D Common Stock, par value $0.01 per share, of the Company. 

“Closing” has the meaning ascribed to such term in the Merger Agreement. 

“Closing Date” has the meaning ascribed to such term in the Merger Agreement. 

“Common Stock” means the Class A Common Stock, the Class B Common Stock, the Class C Common Stock and the Class D Common
Stock. 
 “Company” means Dell Technologies Inc. (including any of its successors by merger, acquisition, reorganization,
conversion or otherwise). 
 “Company Indemnifiable Persons” has the meaning ascribed to such term in Section
2.8(a). 
 “Company Stock Option” means an option to subscribe for, purchase or otherwise acquire shares of Common
Stock. 
 “Control Holder” has the meaning ascribed to such term in Section 2.7(d). 

“Dell” means Dell Inc., a Delaware corporation. 

“Demand Delay” has the meaning ascribed to such term in Section 2.4(a)(ii). 

“Demand Initiating Sponsor Holders” has the meaning ascribed to such term in Section 2.4(a). 

“Demand Participating Sponsor Holders” has the meaning ascribed to such term in Section 2.4(a)(ii). 

“Demand Period” has the meaning ascribed to such term in Section 2.4(b). 

  
 4 

 “Demand Registration” has the meaning ascribed to such term in Section
2.4(a). 
 “Disabling Event” means either the death of MD, or the continuation of any physical or mental disability or
infirmity that prevents the performance of MD’s duties for a period of one hundred eighty (180) consecutive days. 

“Effectiveness Date” means the date on which the Sponsor Holders are no longer subject to any transfer restriction on the
sale of Registrable Securities pursuant to Section 2.14(a). 
 “Eligible Non-Marketed Underwritten Shelf Take-Down
Holder” means, solely in the case of a Non-Marketed Underwritten Shelf Take-Down initiated by one or more Initiating Shelf Take-Down Holders, the SLP Holders and the MSD Partners Holders, but only for a three (3) year period following
the Merger. 
 “EMC” means EMC Corporation, a Massachusetts corporation (together with its successors and assigns). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations
promulgated pursuant thereto. 
 “FINRA” means the Financial Industry Regulatory Authority, Inc. 

“First Restated Agreement” has the meaning ascribed to such term in the Recitals. 

“Free Writing Prospectus” means an issuer free writing prospectus, as defined in Rule 433 under the Securities Act, relating
to an offer of Registrable Securities. 
 “Holder Indemnifiable Persons” has the meaning ascribed to such term in
Section 2.8(b). 
 “Holders” means, collectively, the MD Holders, the MSD Partners Holders, the SLP Holders and the
Non-Sponsor Holders. 
 “Indemnified Party” has the meaning ascribed to such term in Section 2.8(c). 

“Indemnifying Party” has the meaning ascribed to such term in Section 2.8(c). 

“Initiating Shelf Take-Down Holder” has the meaning ascribed to such term in Section 2.3(a). 

“Joinder Agreement” means a joinder agreement substantially in the form of Exhibit A attached hereto. 

“Management Holders” means, collectively, (i) the Management Stockholders and (ii) any designated transferees or
successors of any Management Stockholders pursuant to Section 2.10(a) and Section 2.10(b) below that, in each such case, hold Registrable Securities or Securities exercisable for or convertible into Registrable Securities.

  
 5 

 “Management Stockholders” has the meaning ascribed to such term in the
Preamble. 
 “Management Stockholders Agreement” means the Second Amended and Restated Management Stockholders Agreement,
dated as of the date hereof, by and among the Company, the Management Stockholders party thereto, the Sponsor Stockholders party thereto and the other signatories thereto, as it may be amended from time to time. 

“Marketed Underwritten Demand Registration” means a Demand Registration, which includes a customary “road show”
(including an “electronic road show”) or other substantial marketing effort by the Company and one or more underwriters, in each case, over a period expected to exceed 48 hours. 

“Marketed Underwritten Shelf Take-Down” has the meaning ascribed to such term in Section 2.3(c)(i). 

“Marketed Underwritten Shelf Take-Down Notice” has the meaning ascribed to such term in Section 2.3(c)(i). 

“MD” has the meaning ascribed to such term in the Preamble. 

“MD Co-Investor” means each Person party to and identified as an “MD Co-Investor” on the signature pages of the
Sponsor Stockholders Agreement. 
 “MD Holders” means, collectively, (i) the MD Stockholders and the MD Co-Investors
and (ii) any designated transferees or successors of any MD Stockholder or MD Co-Investor pursuant to Section 2.10(a) below that, in each such case, hold Registrable Securities or Securities exercisable or exchangeable for, or
convertible into, Registrable Securities. 
 “MD Stockholders” has the meaning ascribed to such term in the Preamble. 

“Merger” has the meaning ascribed to such term in the Recitals 

“Merger Agreement” has the meaning ascribed to such term in the Recitals. 

“Merger Sub” has the meaning ascribed to such term in the Recitals 

“MSD Partners Co-Investor” means each Person party to and identified as an “MSD Partners Co-Investor” on the
signature pages of the Sponsor Stockholders Agreement. 
 “MSD Partners Holders” means, collectively, (i) the MSD
Partners Stockholders and the MSD Partners Co-Investors and (ii) any designated transferees or successors of any MSD Partners Stockholder or MSD Partners Co-Investor pursuant to Section 2.10(a) below that, in each such case, hold
Registrable Securities or Securities exercisable or exchangeable for, or convertible into, Registrable Securities. 
 “MSD Partners
Stockholders” has the meaning ascribed to such term in the Preamble. 

  
 6 

 “Non-Marketed Underwritten Shelf Take-Down” has the meaning ascribed to
such term in Section 2.3(d)(i). 
 “Non-Marketed Underwritten Shelf Take-Down Election Period” has the meaning
ascribed to such term in Section 2.3(d)(i). 
 “Non-Marketed Underwritten Shelf Take-Down Notice” has the
meaning ascribed to such term in Section 2.3(d)(i). 
 “Non-Sponsor Holders” means, collectively, (i) the
Management Holders, (ii) the Temasek Holders, (iii) any Person (other than the Company or the Sponsor Holders) that becomes a party to this Agreement pursuant to Section 2.10(a) and Section 2.10(b), whether or not
such Person is an employee or consultant of the Company and/or its Subsidiaries, and (iv) any designated transferees or successors of any of the Persons in the foregoing clauses (i) through (iii) pursuant to
Section 2.10(a) and Section 2.10(b) below that, in each of the case of the foregoing clauses (i) through (iv), hold Registrable Securities or Securities exercisable or exchangeable for, or convertible into, Registrable
Securities. 
 “Permitted Transferees” has the meaning ascribed to such term in the Management Stockholders Agreement. 

“Permitted Temasek Transferees” shall mean: (i) Temasek Holdings and (ii) Temasek Holdings’ direct and
indirect wholly-owned subsidiaries, the boards of directors or equivalent governing bodies of which comprise solely nominees or employees of (x) Temasek Holdings, (y) Temasek Pte. Ltd. (a wholly-owned subsidiary of Temasek Holdings) and/or
(z) wholly-owned direct and indirect subsidiaries of Temasek Pte. Ltd. (other than portfolio companies). 
 “Person”
means an individual, any general partnership, limited partnership, limited liability company, corporation, trust, business trust, joint stock company, joint venture, unincorporated association, cooperative or association or any other legal entity or
organization of whatever nature, and shall include any successor (by merger or otherwise) of such entity, or a government or any agency or political subdivision thereof. 

“Priority Sell-Down” means, in connection with a registered sale of Registrable Securities, the Registrable Securities that
may be included by Holders in such registered sale, solely to the extent such Holders have the contractual right to participate in such a registered sale pursuant to the terms hereof, shall be allocated as follows: 

 

	 	(i)	 in connection with any registered sale of Registrable Securities occurring within the three (3) year
period immediately following the Merger, each of (x) the SLP Holders (collectively), (y) the MSD Partners Holders (collectively) and (z) the Temasek Holders (collectively), shall have the right to elect to have its Registrable
Securities, measured by value, represent in the aggregate up to fifty percent (50%) (combined, allocated pro rata based on the relative number of shares of Common Stock owned by each at the applicable time) of the aggregate Registrable
Securities that the MD Holders, the MSD Partners Holders, the SLP Holders and the Temasek Holders would otherwise be entitled to sell in such  

  
 7 

	 	
registered sale of Registrable Securities; provided, that if any of the SLP Holders (collectively), the MSD Partners Holders (collectively) or the Temasek Holders (collectively) do not
elect to include in such registered sale the maximum number of Registrable Securities that they are permitted to include, the others shall be permitted to include such additional number of Registrable Securities (allocated pro rata based on
the relative number of shares of Common Stock owned by each at the applicable time) resulting in the Registrable Securities of the SLP Holders, the MSD Partners Holders and the Temasek Holders, measured by value, representing in the aggregate fifty
(50%) of the aggregate Registrable Securities that the MD Holders, the MSD Partners Holders, the SLP Holders and the Temasek Holders would otherwise be entitled to sell in such registered sale of Registrable Securities; and 

 

	 	(ii)	 in connection with any registered sale of Registrable Securities occurring within the three (3) year
period immediately following the Merger, the MD Holders (collectively), shall have the right to elect to have their Registrable Securities, measured by value, represent in the aggregate up to fifty percent (50%) of the aggregate Registrable
Securities that the MD Holders, the MSD Partners Holders, the SLP Holders and the Temasek Holders would otherwise be entitled to sell in such registered sale of Registrable Securities, or, if the MSD Partners Holders, SLP Holders and Temasek Holders
do not exercise the right to include the full amount of Registrable Securities permitted to be included pursuant to clause (i), such greater amount remaining after taking into account Securities included pursuant to clause (i).

 “Prospectus” means the prospectus included in any Registration Statement, all amendments and
supplements to such prospectus, including post-effective amendments, and all other material incorporated by reference in such prospectus. 

“register,” “registered” and “registration” means a registration effected pursuant to a
Registration Statement in compliance with the Securities Act, and the declaration or ordering by the SEC of the effectiveness of such Registration Statement. 

“Registrable Securities” means (i) Shares held (whether now held or hereafter acquired) by a party to this Agreement
other than the Company (including any additional Non-Sponsor Holder to the extent permitted by Section 2.10(b) below) or any designated transferee or successor to the extent permitted by Section 2.10(a) below or, without
duplication, by any stockholder of the Company that holds registration or similar rights pursuant to an agreement between such stockholder and the Company and (ii) any Shares issued as (or as of any such date of determination then currently
issuable upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other distribution with respect to, or in exchange or in replacement of, such Shares contemplated by the immediately foregoing clause
(i) (including, without limitation, all shares of Class C Common Stock issuable upon conversion or exchange of Class A Common Stock, Class B Common Stock or Class D Common Stock); provided, however, that (a) if such
Shares are subject to one or more vesting conditions (whether time-based, performance-based or otherwise), all such vesting conditions shall have been satisfied and such Shares must have been vested and (b) Shares shall cease to be Registrable
Securities if (1) a 

  
 8 

 
Registration Statement covering such Shares has been declared effective by the SEC and such Shares have been disposed of pursuant to such effective Registration Statement, (2) a Registration
Statement on Form S-8 or Form F-8 (or any successor form) covering such Shares is effective, (3) such Shares are distributed pursuant to Rule 144 or 145 promulgated under the Securities Act (or any successor rule or other exemption from the
registration requirements of the Securities Act), (4) such Shares cease to be outstanding, (5) the holder of such Shares together with its Affiliates owns less than one percent (1%) of the issued and outstanding shares of Common Stock
and all Shares held by such holder and its Affiliates can be sold during any three (3) month period without registration pursuant to Rule 144 in a single transaction without being subject to the volume limitation thereunder or (6) such
Shares shall have been otherwise transferred and such Shares may be publicly resold without registration under the Securities Act. For the avoidance of doubt, it is understood that, with respect to any Registrable Securities for which a Holder holds
vested but unexercised Company Stock Options or other Securities exercisable for, convertible into or exchangeable for Registrable Securities, to the extent that such Registrable Securities are to be sold pursuant to Article II, such Holder
must exercise the relevant Company Stock Option or other Security or exercise, convert or exchange such other relevant Security and transfer the relevant underlying Securities that are Registrable Securities (rather than the Company Stock Option or
other Security). 
 “Registration Expenses” means any and all expenses incident to the performance by the Company of its
obligations under this Agreement, including (i) all registration and filing fees, and any other fees and expenses associated with filings required to be made with the SEC, FINRA and, if applicable, the fees and expenses of any “qualified
independent underwriter,” as such term is defined in FINRA Rule 5121 (or any successor provision), and of its counsel, (ii) all fees and expenses of complying with any securities or blue sky laws (including fees and disbursements of
counsel for the underwriters in connection with blue sky qualifications of the Registrable Securities), (iii) all printing, duplicating, word processing, messenger, telephone, facsimile and delivery expenses (including expenses of printing
certificates for the Registrable Securities in a form eligible for deposit with The Depository Trust Company and of printing Prospectuses and Free Writing Prospectuses), (iv) all fees and expenses incurred in connection with the listing of the
Registrable Securities on any securities exchange or quotation of the Registrable Securities on any inter-dealer quotation system, (v) all applicable rating agency fees with respect to the Registrable Securities, (vi) the fees and
disbursements of (a) counsel for the Company and of its independent public accountants, including the expenses of any special audits and/or comfort letters required by or incident to such performance and compliance, (b) one legal counsel,
acting jointly for, the MD Holders and the MSD Partners Holders, (c) one legal counsel for the SLP Holders and (d) one legal counsel for the Temasek Holders, (vii) any fees and disbursements of underwriters customarily paid by the
issuers or sellers of securities, including liability insurance if the Company so desires or if the underwriters so require, and the reasonable fees and expenses of any special experts retained in connection with the requested registration, but
excluding underwriting discounts and commissions and transfer taxes, if any, (viii) Securities Act liability insurance or similar insurance if the Company so desires or the underwriters so require in accordance with then-customary underwriting
practice, (ix) if any of the Sponsor Holders are selling Registrable Securities pursuant to such Registration, all reasonable fees and disbursements of an accounting firm of each such Sponsor Holder, (x) any reasonable fees and
disbursements of underwriters customarily paid by issuers or sellers of securities, (xi) all fees and expenses of any special experts or other Persons retained by the Company in connection 

  
 9 

 
with any Registration, (xiii) all of the Company’s internal expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties),
(xiii) the costs and expenses of the Company relating to analyst and investor presentations or any “road show” undertaken in connection with the registration and/or marketing of the Registrable Securities (including all travel, meals
and lodging and the reasonable out-of-pocket expenses of the Holders) and (xiv) any other fees and disbursements customarily paid by the issuers of securities. 

“Registration Statement” means a registration statement filed with the SEC. 

“Rule 144” means Rule 144 (or any successor provision) under the Securities Act, as such provision is amended from time to
time. 
 “SEC” means the U. S. Securities and Exchange Commission or any successor agency. 

“Securities” means any equity securities of the Company, including any Shares, debt securities exercisable or exchangeable
for, or convertible into equity securities of the Company, or any option, warrant or other right to acquire any such equity securities or debt securities of the Company. 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated
pursuant thereto. 
 “Share Equivalents” means (i) Shares (other than Shares that are subject to vesting in connection
with the continued employment with, or engagement by, the Company or any of its Subsidiaries) and (ii) Shares issuable upon exercise, conversion or exchange of any security that is currently exercisable for, convertible into or exchangeable
for, as of any such date of determination, Shares. 
 “Shares” means the shares of Common Stock of the Company and any
securities into which such shares shall have been changed, or any securities resulting from any reclassification, recapitalization or similar transactions with respect to such shares. 

“Shelf Holder” means, with respect to any Shelf Registration Statement, each Holder, including the Shelf Initiating Sponsor
Holder, if any, that has its Registrable Securities registered on such Shelf Registration Statement. 
 “Shelf Initiating Sponsor
Holders” has the meaning ascribed to such term in Section 2.2(a). 
 “Shelf Participating Sponsor Holders”
means, collectively, all Shelf Holders that are Sponsor Holders. 
 “Shelf Percentage” means, with respect to any Shelf
Request, the fraction, expressed as a percentage, determined by dividing (i) the Shelf Request by (ii) the total number of Registrable Securities held by the Shelf Initiating Sponsor Holders as of the date of such Shelf Request. 

  
 10 

 “Shelf Period” has the meaning ascribed to such term in Section
2.2(b). 
 “Shelf Registration Notice” has the meaning ascribed to such term in Section 2.2(a). 

“Shelf Registration Statement” means a Registration Statement of the Company filed with the SEC on Form S-3 or Form F-3, or
on Form S-1 or Form F-1 (or any successor form) for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act (or any similar rule that may be adopted by the SEC) covering the Registrable Securities, as
applicable. 
 “Shelf Request” has the meaning ascribed to such term in Section 2.2(a). 

“Shelf Suspension” has the meaning ascribed to such term in Section 2.1(c). 

“Shelf Take-Down” has the meaning ascribed to such term in Section 2.3(a). 

“Shelf Take-Down Percentage” has the meaning ascribed to such term in Section 2.3(d)(i). 

“SLP Holders” means, collectively, (i) the SLP Stockholders and (ii) any designated transferees or successors of
any SLP Stockholder pursuant to Section 2.10(a) below that, in each such case, hold Registrable Securities or Securities exercisable or exchangeable for, or convertible into, Registrable Securities. 

“SLP Stockholders” has the meaning ascribed to such term in the Preamble. 

“Special Committee” has the meaning ascribed to such term in the Voting and Support Agreement. 

“Special Registration” means the registration of (i) Securities or other rights in respect thereof solely registered on
Form S-4, Form F-4, Form S-8 or Form F-8 (or any successor form) or (ii) Securities or other rights in respect thereof to be offered to directors, employees, consultants, customers, lenders or vendors of the Company or its Subsidiaries or in
connection with dividend reinvestment plans. 
 “Sponsor Holder” means, collectively, the MD Holders, the MSD Partners
Holders and the SLP Holders. 
 “Sponsor Stockholders” has the meaning ascribed thereto in the Preamble. 

“Sponsor Stockholders Agreement” means the Second Amended and Restated Sponsor Stockholders Agreement of the Company dated as
of the date hereof. 
 “Sponsor Underwritten Offering” has the meaning ascribed to such term in Section 2.15. 

  
 11 

 “Sub 10% Sponsor Holder” means, with respect to any applicable offering of
Registrable Securities, any Sponsor Holder that, together with its Affiliates, beneficially owns less than ten percent (10%) of the Common Stock that is outstanding immediately prior to such offering (calculated on a fully-diluted basis)
whether or not the Registrable Securities of such Sponsor Holder are covered by a Registration Statement filed pursuant to Section 2.1, Section 2.2, Section 2.3, Section 2.4 and/or
Section 2.5. 
 “Subsidiary” means, with respect to any Person, any entity of which (i) a majority of the
total voting power of shares of stock or equivalent ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, trustees or other members of the applicable governing body thereof
is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if no such governing body exists at such entity, a majority of the total voting
power of shares of stock or equivalent ownership interests of the entity is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or
Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons shall be allocated a majority of limited liability company, partnership,
association or other business entity gains or losses or shall be or control the managing member or general partner of such limited liability company, partnership, association or other business entity. Notwithstanding the foregoing, VMware and its
Subsidiaries shall not be considered Subsidiaries of the Company and its Subsidiaries for so long as VMware is not a direct or indirect wholly-owned subsidiary of the Company. 

“Temasek Holders” means, collectively, (i) the Temasek Stockholder and (ii) any designated transferees or
successors of the Temasek Stockholder pursuant to Section 2.10(a) below that, in each such case, hold Registrable Securities or Securities exercisable for or convertible into Registrable Securities. 

“Temasek Stockholder” has the meaning ascribed to such term in the Preamble. 

“Third Party Holder” means any holder (other than a Holder) of Share Equivalents who exercises contractual rights to
participate in a registered offering of Shares. For the avoidance of doubt, any transferee of Registrable Securities conveyed from a Holder, as contemplated by and in accordance with Section 2.10, shall not be deemed to be a Third Party
Holder. 
 “Third Party Shelf Holder” has the meaning ascribed to such term in Section 2.2(a). 

“Underwritten Shelf Take-Down” has the meaning ascribed to such term in Section 2.3(b). 

“Underwritten Shelf Take-Down Notice” has the meaning ascribed to such term in Section 2.3(b). 

“VMware” means VMware, Inc., a Delaware corporation, together with its successors by merger or consolidation. 

  
 12 

 “Voting and Support Agreement” means that certain Voting and Support
Agreement, dated as of July 1, 2018, by and among the Company, the MD Stockholders, the MSD Partners Stockholders and the SLP Stockholders. 

“Well-Known Seasoned Issuer” shall have the meaning set forth in Rule 405 (or any successor provision) of the Securities
Act. 
 Section 1.2 General Interpretive Principles. The name assigned to this Agreement and the section captions used herein
are for convenience of reference only and shall not be construed to affect the meaning, construction or effect hereof. Unless otherwise specified, the terms “hereof,” “herein” and similar terms refer to this Agreement as a whole,
and references herein to Articles or Sections refer to Articles or Sections of this Agreement. For purposes of this Agreement, the words, “include,” “includes” and “including,” when used herein, shall be deemed in each
case to be followed by the words “without limitation.” The terms “dollars” and “$” shall mean United States dollars. Except as otherwise set forth herein, Shares underlying unexercised Company Stock Options that have
been issued by the Company shall not be deemed “outstanding” for any purposes in this Agreement. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or
interpretation arises, this Agreement will be construed as if drafted jointly by the parties and no presumption or burden of proof will arise favoring or disfavoring any party because of the authorship of any provision of this Agreement.
Furthermore, any rule of law or any legal decision that would require interpretation of any claimed ambiguities in this Agreement against the drafting party has no application to the parties hereto and is expressly waived. 

ARTICLE II 
 REGISTRATION
RIGHTS 
 Section 2.1 Automatic Shelf Registration. 

(a) Filing. Following the Merger, the Company shall use reasonable best efforts to (i) file a Shelf Registration Statement for a
public offering of all Registrable Securities (or such lesser amount as the Sponsor Stockholders holding Registrable Securities agree, provided, that (x) all Registrable Securities of the Management Holders must be registered under such
Shelf Registration Statement, (y) all Registrable Securities held by the Temasek Holders must be registered under such Shelf Registration Statement, and (z) upon the request of any such Sponsor Stockholder, the Company shall increase the
number of Registrable Securities registered under such Shelf Registration Statement by the amount requested by such Sponsor Stockholder (or, in the event that no Shelf Registration Statement is effective at the time of such request, shall file and
cause to become effective a Shelf Registration Statement covering such number of Registrable Securities), and this parenthetical shall apply to successive requests by Sponsor Stockholders holding Registrable Securities) pursuant to Rule 415
promulgated under the Securities Act no later than the first day on which such filing can be made with the SEC following the 150th day after the consummation of the Merger and (ii) cause such Shelf Registration Statement to become effective as
soon as possible thereafter. To the extent that the Company is a Well-Known Seasoned Issuer at the time of filing such Shelf Registration Statement, the Company shall designate such Shelf Registration Statement as an Automatic Shelf Registration
Statement. The Company shall use reasonable best efforts to remain a Well-Known 

  
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Seasoned Issuer during the period which such Automatic Shelf Registration Statement is required to remain effective in accordance with this Agreement. The Company shall (i) promptly (but in
any event no later than ten (10) days prior to the date such Shelf Registration Statement is declared effective) give written notice of the proposed registration to all other Holders and Third Party Holders and (ii) subject to the first
sentence of this Section 2.1(a), use its reasonable best efforts to permit or facilitate the sale and distribution of all Registrable Securities under such Registration Statement as may specified by a Holder pursuant to, and in
accordance with, its rights set forth in this Agreement. 
 (b) Continued Effectiveness. The Company shall use its reasonable best
efforts to keep such Shelf Registration Statement filed pursuant to Section 2.1(a) hereof continuously effective under the Securities Act in order to permit the Prospectus or any Free Writing Prospectus forming a part thereof to be
usable by the Shelf Holders until the date as of which all Registrable Securities registered by such Shelf Registration Statement have been sold or have otherwise ceased to be Registrable Securities. Subject to the Company’s rights under
Section 2.1(c), the Company shall not be deemed to have used its reasonable best efforts to keep the Shelf Registration Statement effective during such period if the Company voluntarily takes any action, or omits to take any commercially
reasonable action, that would result in Shelf Holders not being able to offer and sell any Registrable Securities pursuant to such Shelf Registration Statement during such period, unless such action or omission is (x) a Shelf Suspension
permitted pursuant to Section 2.1(c) or (y) required by applicable law, rule or regulation. 
 (c) Suspension of Filing
or Registration. If the Company shall furnish to the Holders, a certificate signed by the Chief Executive Officer or equivalent senior executive of the Company, stating that the filing, effectiveness or continued use of the Shelf Registration
Statement would require the Company to make an Adverse Disclosure, then the Company shall have a period of not more than ninety (90) days, or such longer period as the Shelf Participating Sponsor Holders shall mutually consent to in writing,
within which to delay the filing or effectiveness (but not the preparation) of such Shelf Registration Statement or, in the case of a Shelf Registration Statement that has been declared effective, to suspend the use by Shelf Holders of such Shelf
Registration Statement (in each case, a “Shelf Suspension”); provided, however, that, unless consented to in writing by the MD Holders and the SLP Holders in advance, the Company shall not be permitted to exercise more
than two (2) Shelf Suspensions pursuant to this Section 2.1(c) and/or Section 2.2(c) and/or Demand Delays pursuant to Section 2.4(a)(ii) in the aggregate, or aggregate Shelf Suspensions pursuant to this
Section 2.1(c) and/or Section 2.2(c) and/or Demand Delays pursuant to Section 2.4(a)(ii) of more than ninety (90) days, in each case, during any twelve-month (12) period. Each Shelf Holder shall keep
confidential the fact that a Shelf Suspension is in effect, the certificate referred to above and its contents for the permitted duration of the Shelf Suspension or until otherwise notified by the Company, except (A) in the case of any Shelf
Holder, for disclosure to any of such Shelf Holder’s employees, agents and professional advisers who are obligated to keep it confidential, (B) in the case of any Shelf Participating Sponsor Holder, for disclosures to the extent required
in order to comply with reporting obligations to its limited partners who have agreed to keep such information confidential, (C) in the case of any Temasek Holder, for disclosures to any Permitted Temasek Transferees who have agreed to keep
such information confidential and (D) as required by law, rule, regulation or legal process. In the case of a Shelf Suspension that 

  
 14 

 
occurs after the effectiveness of the Shelf Registration Statement, the Shelf Holders agree to suspend use of the applicable Prospectus and any Free Writing Prospectus for the permitted duration
of such Shelf Suspension in connection with any sale or purchase of, or offer to sell or purchase, Registrable Securities, upon receipt of the certificate referred to above. The Company shall immediately notify the Shelf Holders upon the termination
of any Shelf Suspension, and (i) in the case of a Shelf Registration Statement that has not been declared effective, shall promptly thereafter file the Shelf Registration Statement and use its reasonable best efforts to have such Shelf
Registration Statement declared effective under the Securities Act and (ii) in the case of an effective Shelf Registration Statement, shall, prior to the expiration of the Shelf Suspension, (x) amend or supplement the Prospectus and any
Free Writing Prospectus, if necessary, so it does not contain any untrue statement of a material fact or omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading and furnish to the
Shelf Holders such numbers of copies of the Prospectus and any Free Writing Prospectus as so amended or supplemented as the Shelf Holders may reasonably request and (y) if applicable, cause any post-effective amendment to the Registration
Statement to become effective. The Company agrees, if necessary, to supplement or make amendments to the Shelf Registration Statement if required by the registration form used by the Company for the Shelf Registration or by the instructions
applicable to such registration form or by the Securities Act or the rules or regulations promulgated thereunder or as may reasonably be requested by any of the MD Holders, the SLP Holders or Shelf Holders of a majority of the Registrable Securities
then outstanding. 
 Section 2.2 Holder Initiated Shelf Registration. 

(a) Filing. Following the Merger and at any time after the Effectiveness Date, one or more of the Sponsor Holders may deliver a written
request to the Company (the Sponsor Holders delivering such a request, the “Shelf Initiating Sponsor Holders”) to file a Shelf Registration Statement (a “Shelf Registration Notice”), and subject to the
Company’s rights under Section 2.2(c), the limitations set forth in Section 2.3, the Company shall (i) promptly (but in any event no later than ten (10) days prior to the date such Shelf Registration Statement
is declared effective) give written notice of the proposed registration to all other Holders and Third Party Holders (which such notice will include the applicable Shelf Percentage) and (ii) use its reasonable best efforts to file as soon as
possible with the SEC (and, unless otherwise agreed to by the applicable Shelf Initiating Sponsor Holder, in no event later than twenty (20) Business Days after the receipt of such Shelf Registration Notice) and cause to be declared effective
under the Securities Act as soon as possible a Shelf Registration Statement (which shall be designated by the Company as an Automatic Shelf Registration Statement if the Company is a Well-Known Seasoned Issuer at the time of filing such Shelf
Registration Statement with the SEC) as will permit or facilitate the sale and distribution of all or such portion of such Shelf Initiating Sponsor Holders’ Registrable Securities as are specified in such Shelf Registration Notice (such
portion, the “Shelf Request”), together with (x) all or such portion of the Registrable Securities of any other Holders joining in such demand as are specified in a written demand received by the Company within five
(5) days after such written notice is given (subject to the Priority Sell-Down, such amount not in any event to exceed the Shelf Percentage of the total Registrable Securities held by such Holder as of the date of such written notice) and
(y) all or such portion of the shares of any Third Party Holder that joins in such demand pursuant to its contractual rights to so participate (each such Third Party Holder, a “Third Party Shelf Holder”) (such amount not

  
 15 

 
in any event to exceed the Shelf Percentage of the total Registrable Securities held by such Third Party Shelf Holder as of the date of such written notice); provided, however, that
if a Shelf Registration Notice is delivered prior to the Effectiveness Date, the Company shall not be obligated to file (but shall be obligated to prepare) such Shelf Registration Statement prior to the Effectiveness Date; and provided,
further, however, that if the Company is permitted by applicable law, rule or regulation to add selling stockholders to a Shelf Registration Statement without filing a post-effective amendment, a Holder may request the inclusion of
such Holder’s Registrable Securities (subject to the Priority Sell-Down, such amount not in any event to exceed the Shelf Percentage of the total Registrable Securities held by such Holder) in such Shelf Registration Statement at any time or
from time to time, and the Company shall add such Registrable Securities to the Shelf Registration Statement as promptly as reasonably practicable, and such Holder shall be deemed a Shelf Holder. Any such request to file a Shelf Registration
Statement shall not be deemed to be, for purposes of Section 2.4, a Demand Registration and shall not be subject to the limitations set forth in Section 2.4(e). If, on the date of any such demand, the Company does not qualify
to file a Shelf Registration Statement, then the provisions of Section 2.4 hereof shall apply instead of this Section 2.2. In no event shall the Company be required to file, and maintain effectiveness pursuant to
Section 2.2(b) of, more than one Shelf Registration Statement at any one time pursuant to Section 2.1 and/or this Section 2.2. To the extent the Company is eligible under the relevant provisions of Rule 430B under
the Securities Act, the Company shall include in such Shelf Registration Statement such disclosures as may be required by Rule 430B under the Securities Act (referring to the unnamed selling security holders in a generic manner by identifying the
initial offering of the securities to the Holders) in order to ensure that the Holders may be added to such Shelf Registration Statement at a later time through the filing of a prospectus supplement rather than a post-effective amendment. 

(b) Continued Effectiveness. The Company shall use its reasonable best efforts to keep such Shelf Registration Statement filed pursuant
to Section 2.2(a) hereof continuously effective under the Securities Act in order to permit the Prospectus or any Free Writing Prospectus forming a part thereof to be usable by the Shelf Holders until the earlier of (i) the date as
of which all Registrable Securities registered by such Shelf Registration Statement have been sold and (ii) such shorter period as the Shelf Initiating Sponsor Holders and any other Shelf Participating Sponsor Holders may mutually determine
(such period of effectiveness, the “Shelf Period”). Subject to the Company’s rights under Section 2.2(c), the Company shall not be deemed to have used its reasonable best efforts to keep the Shelf Registration
Statement effective during the Shelf Period if the Company voluntarily takes any action, or omits to take any commercially reasonable action, that would result in Shelf Holders not being able to offer and sell any Registrable Securities pursuant to
such Shelf Registration Statement during the Shelf Period, unless such action or omission is (x) a Shelf Suspension permitted pursuant to Section 2.2(c) or (y) required by applicable law, rule or regulation. 

(c) Suspension of Filing or Registration. If the Company shall furnish to the Shelf Participating Sponsor Holders, a certificate signed
by the Chief Executive Officer or equivalent senior executive of the Company, stating that the filing, effectiveness or continued use of the Shelf Registration Statement would require the Company to make an Adverse Disclosure, then the Company shall
have a period of not more than ninety (90) days or such longer period as the Shelf Participating Sponsor Holders shall mutually consent to in writing, within which to effect a Shelf Suspension; provided, however, that, unless
consented to in 

  
 16 

 
writing by the Shelf Participating Sponsor Holders, the Company shall not be permitted to exercise more than two (2) Shelf Suspensions pursuant to Section 2.1(c) and/or this
Section 2.2(c) and/or Demand Delays pursuant to Section 2.4(a)(ii) in the aggregate, or aggregate Shelf Suspensions pursuant to Section 2.1(c) and/or this Section 2.2(c) and/or Demand Delays pursuant
to Section 2.4(a)(ii) of more than ninety (90) days, in each case, during any twelve-month (12) period. Each Shelf Holder shall keep confidential the fact that a Shelf Suspension is in effect, the certificate referred to above
and its contents for the permitted duration of the Shelf Suspension or until otherwise notified by the Company, except (A) in the case of any Shelf Holder, for disclosure to any of such Shelf Holder’s employees, agents and professional
advisers who are obligated to keep it confidential, (B) in the case of any Shelf Participating Sponsor Holder, for disclosures to the extent required in order to comply with reporting obligations to its limited partners who have agreed to keep
such information confidential, (C) in the case of any Temasek Holder, for disclosures to any Permitted Temasek Transferees who have agreed to keep such information confidential and (D) as required by law, rule, regulation or legal process.
In the case of a Shelf Suspension that occurs after the effectiveness of the Shelf Registration Statement, the Shelf Holders agree to suspend use of the applicable Prospectus and any Free Writing Prospectus for the permitted duration of such Shelf
Suspension in connection with any sale or purchase of, or offer to sell or purchase, Registrable Securities, upon receipt of the certificate referred to above. The Company shall immediately notify the Shelf Holders upon the termination of any Shelf
Suspension, and (i) in the case of a Shelf Registration Statement that has not been declared effective, shall promptly thereafter file the Shelf Registration Statement and use its reasonable best efforts to have such Shelf Registration
Statement declared effective under the Securities Act and (ii) in the case of an effective Shelf Registration Statement, shall, prior to the expiration of the Shelf Suspension, (x) amend or supplement the Prospectus and any Free Writing
Prospectus, if necessary, so it does not contain any untrue statement of a material fact or omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading and furnish to the Shelf Holders
such numbers of copies of the Prospectus and any Free Writing Prospectus as so amended or supplemented as the Shelf Holders may reasonably request and (y) if applicable, cause any post-effective amendment to the Registration Statement to become
effective. The Company agrees, if necessary, to supplement or make amendments to the Shelf Registration Statement if required by the registration form used by the Company for the Shelf Registration or by the instructions applicable to such
registration form or by the Securities Act or the rules or regulations promulgated thereunder or as may reasonably be requested by any Shelf Participating Sponsor Holder. 

Section 2.3 Shelf Take-Downs. 

(a) Initiating Holder(s). Subject to Section 2.4(e) and Section 2.10(c), an unlimited number of offerings or
sales of Registrable Securities pursuant to a Shelf Registration Statement (each, a “Shelf Take-Down”) may be initiated by any of the Shelf Participating Sponsor Holders (each, an “Initiating Shelf Take-Down
Holder”). The offer and sale of Registrable Securities by any Shelf Holders or Third Party Shelf Holders in connection with any Shelf Take-Down shall be subject to the Priority Sell-Down, if applicable. Notwithstanding anything herein to
the contrary, no Shelf Take-Down (other than a Marketed Underwritten Shelf Take-Down) shall be deemed to be, for purposes of Section 2.4, a Demand Registration and/or subject to the limitations set forth in Section 2.4(e).

  
 17 

 (b) Underwritten Shelf Take-Downs. Subject to Section 2.10(c) and, in
case of Marketed Underwritten Shelf Take-Downs, Section 2.4(e), if the Initiating Shelf Take-Down Holder elects by written request to the Company (such request, an “Underwritten Shelf Take-Down Notice”), a Shelf
Take-Down shall be in the form of an underwritten offering (an “Underwritten Shelf Take-Down”) and if necessary or if requested by the Initiating Shelf Take-Down Holders that initiated the applicable Underwritten Shelf Take-Down,
the Company shall amend or supplement the Shelf Registration Statement for such purpose as soon as possible. Such Initiating Shelf Take-Down Holders that initiated the applicable Underwritten Shelf Take-Down shall have the right to select the
managing underwriter or underwriters to administer such Underwritten Shelf Take-Down; provided, that such managing underwriter or underwriters shall be reasonably acceptable to the Company. Notwithstanding the delivery of any Underwritten
Shelf Take-Down Notice, all determinations as to whether to complete any Underwritten Shelf Take-Down and as to the timing, manner, price and other terms and conditions of any Underwritten Shelf Take-Down shall be at the sole discretion of the
Initiating Shelf Take-Down Holders that initiated the applicable Underwritten Shelf Take-Down. In connection with any Underwritten Shelf Take-Down, the Company shall, together with all participating Shelf Holders and participating Third Party Shelf
Holders of Registrable Securities of the Company (if any) proposing (and permitted) to distribute their securities through such Underwritten Shelf Take-Down in accordance with this Section 2.3, enter into an underwriting agreement in
customary form (containing such representations and warranties by the Company and such other terms as are generally prevailing in agreements of that type) with the managing underwriter or underwriters selected by the Initiating Shelf Take-Down
Holders that initiated the applicable Underwritten Shelf Take-Down in accordance with this Section 2.3(b). The Shelf Participating Sponsor Holders shall cooperate with the Company in the negotiation of such underwriting agreement and
shall give consideration to the reasonable suggestions of the Company regarding the form thereof. Such underwriting agreement shall contain such representations and warranties by, and the other agreements on the part of, the Company to and for the
benefit of the Shelf Holders and Third Party Shelf Holders party thereto as are customarily made by issuers to selling stockholders in secondary underwritten public offerings. No Shelf Holder or Third Party Shelf Holder shall be entitled to
participate in an Underwritten Shelf Take-Down in accordance with this Section 2.3 unless such Shelf Holder or Third Party Shelf Holder, as the case may be, completes and executes all questionnaires, powers of attorney, indemnities and
other documents required under the terms of such underwriting agreement. All reasonable out-of-pocket costs and expenses incurred by the Initiating Shelf Take-Down Holder that initiated the applicable Underwritten Shelf Take-Down in connection with
such Underwritten Shelf Take-Down (to the extent not paid or reimbursed by Company) shall be borne on a pro rata basis in accordance with the number of Registrable Securities being sold by each of the Shelf Holders, Third Party Shelf Holders
and/or the Company in such Underwritten Shelf Take-Down. 
 (c) Marketed Underwritten Shelf Take-Downs. 

(i) If the plan of distribution set forth in any Underwritten Shelf Take-Down Notice includes a customary “road show”
(including an “electronic road show”) or other substantial marketing effort by the Company and one or more underwriters, in each case, over a period expected to exceed 48 hours (a “Marketed Underwritten Shelf Take-Down”),
promptly upon delivery of such Underwritten Shelf Take-Down Notice (but in no event more than two (2) Business Days thereafter), the Company shall promptly 

  
 18 

 
deliver a written notice (a “Marketed Underwritten Shelf Take-Down Notice”) of such Marketed Underwritten Shelf Take-Down to all Shelf Holders of Registrable Securities under
such Shelf Registration Statement (other than the Initiating Shelf Take-Down Holders that initiated the applicable Marketed Underwritten Shelf Take-Down), and, in each case subject to Section 2.3(c)(ii) and Section 2.10(c),
the Company shall include in such Marketed Underwritten Shelf Take-Down all such Registrable Securities of such Shelf Holders and Third Party Shelf Holders that are registered on such Shelf Registration Statement for which the Company has received
written requests, which requests must specify the aggregate amount of such Registrable Securities of such Holder to be offered and sold pursuant to such Marketed Underwritten Shelf Take-Down, for inclusion therein within two (2) Business Days
after the date that such Marketed Underwritten Shelf Take-Down Notice has been delivered. Notwithstanding the delivery of any Marketed Underwritten Shelf Take-Down Notice, all determinations as to whether to complete any Marketed Underwritten Shelf
Take-Down and as to the timing, manner, price and other terms and conditions of any Marketed Underwritten Shelf Take-Down shall be at the sole discretion of the Initiating Shelf Take-Down Holders that initiated the applicable Marketed Underwritten
Shelf Take-Down. 
 (ii) The right of any Shelf Holders and/or Third Party Shelf Holder to participate in a Marketed
Underwritten Shelf Take-Down shall be conditioned upon such Shelf Holder’s or Third Party Shelf Holder’s, as the case may be, compliance with the terms and conditions of Section 2.3(b) and this Section 2.3(c)(ii).
Notwithstanding anything herein to the contrary, if the managing underwriter or underwriters of a proposed underwritten offering of the Registrable Securities included in a Marketed Underwritten Shelf Take-Down shall advise the Company and the
Initiating Shelf Take-Down Holders that initiated the applicable Marketed Underwritten Shelf Take-Down that the number of securities requested to be included in such Marketed Underwritten Shelf Take-Down exceeds the number which can be sold in such
offering without being likely to have an adverse effect on the price, timing or distribution of the securities offered or the market for the securities offered, then the Company shall so advise all Shelf Holders and Third Party Shelf Holders of
Registrable Securities that have requested to participate in such Marketed Underwritten Shelf Take-Down (other than the Initiating Shelf Take-Down Holders that initiated the applicable Marketed Underwritten Shelf Take-Down), and the number of shares
of Registrable Securities that may be included in such Marketed Underwritten Shelf Take-Down (1) first, shall be allocated pro rata among the Shelf Holders that have requested to participate in such Marketed Underwritten Shelf
Take-Down based on the relative number of Registrable Securities then held by each such Shelf Holder (provided, that any securities thereby allocated to such a Shelf Holder that exceed such Shelf Holder’s request shall be reallocated
among the remaining requesting Shelf Holders in like manner), (2) second, and only if all the securities referred to in clause (1) have been included in such registration, the number of securities that the Company proposes to
include in such registration that, in the opinion of the managing underwriter or underwriters, can be sold without having such adverse effect and (3) third, and only if all of the securities referred to in clause (2) have been
included in such registration, any other securities eligible for inclusion in such registration (including those of any Third Party Shelf Holder) that, in the opinion of the managing underwriter or underwriters, can be sold without having such
adverse effect; provided, that 

  
 19 

 
notwithstanding the foregoing, the shares of Registrable Securities that may be included in such Marketed Underwritten Shelf Take-Down shall be subject to the Priority Sell-Down. No Registrable
Securities excluded from a Marketed Underwritten Shelf Take-Down by reason of the managing underwriter’s or underwriters’ marketing limitation shall be included in such underwritten offering. 

(iii) Notwithstanding anything herein to the contrary, (x) each Marketed Underwritten Shelf Take-Down shall be deemed to
be, for purposes of Section 2.4, a Demand Registration effected by the Initiating Shelf Take-Down Holder that initiated such Underwritten Shelf Take-Down and shall be subject to the limitations set forth in Section 2.4(e) and
(y) a Marketed Underwritten Shelf Take-Down must reasonably be anticipated to result in a net aggregate offering price (after deduction of underwriter commissions and offering expenses) of at least $100,000,000 (or such lesser amount
constituting all remaining Registrable Securities beneficially owned by the Initiating Shelf Take-Down Holder that initiated such Marketed Underwritten Shelf Take-Down). 

(d) Non-Marketed Underwritten Shelf Take-Downs. 

(i) If the Initiating Shelf Take-Down Holders that initiated the applicable Underwritten Shelf Take-Down intend to effect a
plan of distribution pursuant to an Underwritten Shelf Take-Down that does not constitute a Marketed Underwritten Shelf Take-Down (a “Non-Marketed Underwritten Shelf Take-Down”), such Initiating Shelf Take-Down Holders shall provide
an Underwritten Shelf Take-Down Notice (a “Non-Marketed Underwritten Shelf Take-Down Notice”) of such Non-Marketed Underwritten Shelf Take-Down to the Company and, to the extent there are any Eligible Non-Marketed Underwritten Shelf
Take-Down Holders that may be permitted to participate in such Non-Marketed Underwritten Shelf Take-Down, the Company shall immediately provide a copy of such notice to each Eligible Non-Marketed Underwritten Shelf Take-Down Holder, in each case, as
far in advance of the pricing of such Non-Marketed Underwritten Shelf Take-Down as possible. Each Non-Marketed Underwritten Shelf Take-Down Notice shall set forth (1) the total number of Registrable Securities expected to be offered and sold in
such Non-Marketed Underwritten Shelf Take-Down, (2) the expected plan of distribution of such Non-Marketed Underwritten Shelf Take-Down, (3) the fraction, expressed as a percentage, determined by dividing the number of Registrable
Securities anticipated to be sold by the Initiating Shelf Take-Down Holders that initiated the applicable Non-Marketed Underwritten Shelf Take-Down in such Non-Marketed Underwritten Shelf Take-Down by the total number of Registrable Securities held
by such Initiating Shelf Take-Down Holders (the “Shelf Take-Down Percentage”), (4) to the extent there are any Eligible Non-Marketed Underwritten Shelf Take-Down Holders that may be permitted to participate in such Non-Marketed
Underwritten Shelf Take-Down, an invitation to each Eligible Non-Marketed Underwritten Shelf Take-Down Holder who is a Shelf Holder of Registrable Securities under such Shelf Registration Statement to elect to include, on the same terms and
conditions as the applicable Initiating Shelf Take-Down Holders in such Non-Marketed Underwritten Shelf Take-Down, Registrable Securities held by such Eligible Non-Marketed Underwritten Shelf Take-Down Holder (subject to the Priority Sell-Down, such
amount not in any event to 

  
 20 

 
exceed the Shelf Take-Down Percentage of the total Registrable Securities held by such Eligible Non-Marketed Underwritten Shelf Take-Down Holder) and (5) to the extent there are any Eligible
Non-Marketed Underwritten Shelf Take-Down Holders that may be permitted to participate in such Non-Marketed Underwritten Shelf Take-Down, the action or actions required (including the timing thereof, which shall be reasonable in light of the
circumstances applicable to such Non-Marketed Underwritten Shelf Take-Down) to be taken by such Eligible Non-Marketed Underwritten Shelf Take-Down Holders in connection with such Non-Marketed Underwritten Shelf Take-Down should any such Eligible
Non-Marketed Underwritten Shelf Take-Down Holder elect to participate in such Non-Marketed Underwritten Shelf Take-Down. Subject to Section 2.3(c)(ii) and Section 2.10(c), the Company shall include in such Non-Marketed
Underwritten Shelf Take-Down all such Registrable Securities of such electing Eligible Non-Marketed Underwritten Shelf Take-Down Holders that are registered on such Shelf Registration Statement for which the Company has received written requests,
which requests must specify the aggregate amount of such Registrable Securities of such Eligible Non-Marketed Underwritten Shelf Take-Down Holder to be offered and sold pursuant to such Non-Marketed Underwritten Shelf Take-Down, for inclusion
therein within the time period specified in the applicable Non-Marketed Underwritten Shelf Take-Down Notice (which time period shall be as far in advance of the pricing of such Non-Marketed Underwritten Shelf Take-Down as the Initiating Shelf
Take-Down Holders shall determine is practicable in light of the circumstances applicable to such Non-Marketed Underwritten Shelf Take-Down) (the “Non-Marketed Underwritten Shelf Take-Down Election Period”). Notwithstanding the
delivery of any Non-Marketed Underwritten Shelf Take-Down Notice, all determinations as to whether to complete any Non-Marketed Underwritten Shelf Take-Down and as to the timing, manner, price and other terms and conditions of any Non-Marketed
Underwritten Shelf Take-Down shall be at the sole discretion of the applicable Initiating Shelf Take-Down Holders that initiated the applicable Non-Marketed Underwritten Shelf Take-Down. 

(ii) In the case of a Non-Marketed Underwritten Shelf Take-Down initiated by an Initiating Shelf Take-Down Holder, in each such
case, the right of any Eligible Non-Marketed Underwritten Shelf Take-Down Holder to participate in such Non-Marketed Underwritten Shelf Take-Down shall be conditioned upon such Eligible Non-Marketed Underwritten Shelf Take-Down Holder’s
compliance with the terms and conditions of Section 2.3(b) and this Section 2.3(d)(ii). Notwithstanding anything herein to the contrary, if the managing underwriter or underwriters of a proposed underwritten offering of the
Registrable Securities included in a Non-Marketed Underwritten Shelf Take-Down shall advise the Company and the Initiating Shelf Take-Down Holders that initiated the applicable Non-Marketed Underwritten Shelf Take-Down that the number of securities
requested to be included in such Non-Marketed Underwritten Shelf Take-Down exceeds the number which can be sold in such offering without being likely to have a significant adverse effect on the price, timing or distribution of the securities offered
or the market for the securities offered, then the Company shall so advise the Initiating Shelf Take-Down Holders that have initiated such Non-Marketed Underwritten Shelf Take-Down and, any other Sponsor Holders and the Eligible Non-Marketed
Underwritten Shelf Take-Down Holders that have the right to, and have, requested to participate in such Non-Marketed Underwritten Shelf Take-Down, and the number of shares of Registrable 

  
 21 

 
Securities that may be included in such Non-Marketed Underwritten Shelf Take-Down shall be allocated pro rata among the Shelf Take-Down Initiating Sponsor Holders that have initiated such
Non-Marketed Shelf Take-Down and the Eligible Non-Marketed Underwritten Shelf Take-Down Holders that have the right to, and have, provided the Company written requests to participate in such Non-Marketed Underwritten Shelf Take-Down within the
Non-Marketed Underwritten Shelf Take-Down Election Period based on the relative number of Registrable Securities then held by each such Holder; provided, that notwithstanding the foregoing, the shares of Registrable Securities that may be
included in such Non-Marketed Underwritten Shelf Take-Down shall be subject to the Priority Sell-Down. 
 (iii)
Notwithstanding anything herein to the contrary, (x) in the event that an Initiating Shelf Take-Down Holder that initiated a Non-Marketed Underwritten Shelf Take-Down abandons or terminates such Non-Marketed Underwritten Shelf Take-Down,
neither such Initiating Shelf Take-Down Holder nor any of its Affiliates shall be permitted to initiate a Non-Marketed Underwritten Shelf Take-Down for a period of forty five (45) days following such abandonment or termination and (y) no
Non-Marketed Underwritten Shelf Take-Down shall be deemed to be, for purposes of Section 2.4, a Demand Registration and/or subject to the limitations set forth in Section 2.4(e). 

Section 2.4 Demand Registration. 

(a) Demand for Registration. Subject to Section 2.14(a), if the Company shall receive from one or more of the Sponsor
Holders (such Sponsor Holders, the “Demand Initiating Sponsor Holders”) a written demand that the Company effect any registration (a “Demand Registration,” which term shall also include a demand for a Marketed
Underwritten Shelf Take-Down pursuant to Section 2.3(c), but shall not include a demand for a Non-Marketed Underwritten Shelf Take-Down) of Registrable Securities held by such Sponsor Holders having a reasonably anticipated net aggregate
offering price (after deduction of underwriter commissions and offering expenses) of at least $100,000,000 (or such lesser amount constituting all remaining Registrable Securities beneficially owned by the Demand Initiating Sponsor Holders that
initiated the applicable Demand Registration), the Company will: 
 (i) promptly (but in any event within ten (10) days
after the date a Registration Statement for such Demand Registration is initially filed) give written notice of the proposed registration to all other Holders; and 

(ii) use its reasonable best efforts to effect such registration as soon as practicable as will permit or facilitate the sale
and distribution of all or such portion of such Demand Initiating Sponsor Holders’ Registrable Securities as are specified in such demand, together with all or such portion of the Registrable Securities of any other Holders joining in such
demand as are specified in a written demand received by the Company within five (5) days after such written notice is given; provided, that the Company shall not be obligated to file any Registration Statement or other disclosure
document pursuant to this Section 2.4 (but shall be obligated to continue to prepare such Registration Statement or other disclosure document) if the Company shall furnish to the Demand Initiating Sponsor Holders and any other Sponsor
Holder participating in such 

  
 22 

 
Demand Registration (collectively, the “Demand Participating Sponsor Holders”) a certificate signed by the Chief Executive Officer or equivalent senior executive of the Company,
stating that the filing or effectiveness of such Registration Statement would require the Company to make an Adverse Disclosure, in which case the Company shall have an additional period (each, a “Demand Delay”) of not more than
ninety (90) days (or such longer period as may be mutually agreed upon by the Demand Participating Sponsor Holders) within which to file such Registration Statement; provided, however, that the Company shall not exercise more than
two (2) Demand Delays pursuant to this Section 2.4(a)(ii) and/or Shelf Suspensions pursuant to Section 2.1(c) and/or Section 2.2(c) in the aggregate, or aggregate Demand Delays pursuant to this
Section 2.4(a)(ii) and/or Shelf Suspensions pursuant to Section 2.1(c) and/or Section 2.2(c) of more than ninety (90) days, in each case, during any twelve-month (12) month period. Each Holder shall keep
confidential the fact that a Demand Delay is in effect, the certificate referred to above and its contents for the permitted duration of the Demand Delay or until otherwise notified by the Company, except (A) in the case of any Holder, for
disclosure to such Holder’s employees, agents and professional advisers who need to know such information and are obligated to keep it confidential, (B) in the case of the Sponsor Holders, for disclosures to the extent required in order to
comply with reporting obligations to its limited partners who have agreed to keep such information confidential, (C) in the case of any Temasek Holder, for disclosures to any Permitted Temasek Transferees who have agreed to keep such
information confidential and (D) as required by law, rule, regulation or legal process. In the case of a Demand Delay, the Holders agree to suspend use of the applicable Prospectus and any Free Writing Prospectus for the permitted duration of
such Demand Delay in connection with any sale or purchase of, or offer to sell or purchase, Registrable Securities, upon receipt of the certificate referred to above. The Company shall immediately notify the Holders upon the termination of any
Demand Delay, and (i) in the case of a Registration Statement that has not been declared effective, shall promptly thereafter file the Registration Statement and use its reasonable best efforts to have such Registration Statement declared
effective under the Securities Act and (ii) in the case of an effective Registration Statement, shall amend or supplement the Prospectus and any Free Writing Prospectus, if necessary, so it does not contain any material misstatement or omission
prior to the expiration of the Demand Delay and furnish to the Holders such numbers of copies of the Prospectus and any Free Writing Prospectus as so amended or supplemented as the Holders may reasonably request. The Company agrees, if necessary, to
supplement or make amendments to the Registration Statement if required by the registration form used by the Company for the Demand Registration or by the instructions applicable to such registration form or by the Securities Act or the rules or
regulations promulgated thereunder or as may reasonably be requested by any Demand Participating Sponsor Holders. 
 (b) Effective
Registration. The Company shall be deemed to have effected a Demand Registration if the Registration Statement pursuant to such Demand Registration is declared effective by the SEC and remains effective until (i) the date as of which all
Registrable Securities registered by such Registration Statement pursuant to such Demand Registration have been sold and (ii) such shorter period, if such Registration Statement relates to an underwritten offering, as the Demand Initiating
Sponsor Holders and the underwriter may mutually determine or until the Holder or Holders have completed the distribution relating thereto (the applicable 

  
 23 

 
period, the “Demand Period”); provided, that no Demand Registration shall be deemed to have been effected if (A) during the Demand Period such registration is
interfered with by any stop order, injunction or other order or requirement of the SEC or other governmental agency or court, (B) the conditions specified in the underwriting agreement, if any, entered into in connection with such registration
are not satisfied other than by reason of a wrongful act, misrepresentation or breach of such applicable underwriting agreement by a participating Holder and/or (C) the Demand Initiating Sponsor Holders that initiated the applicable Demand
Registration have terminated, withdrawn and/or delayed any Demand Registration initiated by them pursuant to, and in accordance with Section 2.4(d) and such termination, withdrawal and/or delay is made (1) (x) following the
occurrence of a material adverse change of the Company and its Subsidiaries taken as a whole, (y) if, as of the date of such termination withdrawal or delay, the per share stock price of Shares has declined by ten percent (10%) or more as
compared to the closing per share stock price of Shares on the date of the delivery of the written notice requesting such Demand Registration or (z) following the discovery by the Demand Initiating Sponsor Holders that initiated the applicable
Demand Registration of material adverse or undisclosed information concerning the Company or its Subsidiaries of which such Person did not have prior actual knowledge or (2) because the registration would require the Company to make an Adverse
Disclosure. 
 (c) Underwriting. If the Demand Initiating Sponsor Holders that initiated the applicable Demand Registration intend to
distribute the Registrable Securities covered by their demand by means of an underwritten offering, they shall so advise the Company as part of their demand made pursuant to this Section 2.4, and the Company shall include such
information in the written notice referred to in Section 2.4(a)(i). In such event, the right of any Holder to registration pursuant to this Section 2.4 shall be conditioned upon such Holder’s participation in such
underwritten offering and the inclusion of such Holder’s Registrable Securities in the underwritten offering to the extent provided herein. The Company shall, together with all participating Holders and participating Third Party Holders of
Registrable Securities of the Company (if any) proposing (and permitted) to distribute their securities through such underwritten offering, enter into an underwriting agreement in customary form (containing such representations and warranties by the
Company and such other terms as are generally prevailing in agreements of that type) with the managing underwriter or underwriters selected by the Demand Initiating Sponsor Holders that initiated the applicable Demand Registration. The Demand
Participating Sponsor Holders shall cooperate with the Company in the negotiation of such underwriting agreement and shall give consideration to the reasonable suggestions of the Company regarding the form thereof. Such underwriting agreement shall
contain such representations and warranties by, and the other agreements on the part of, the Company to and for the benefit of the Holders and Third Party Holders party thereto as are customarily made by issuers to selling stockholders in secondary
underwritten public offerings. No Holder or Third Party Holder shall be entitled to participate in such underwritten offering unless such Holder or Third Party Holder, as the case may be, completes and executes all questionnaires, powers of
attorney, indemnities and other documents required under the terms of such underwriting agreement. All reasonable out-of-pocket costs and expenses incurred by the Demand Initiating Sponsor Holders that initiated the applicable Demand Registration in
connection with such underwritten offering (to the extent not paid or reimbursed by Company) shall be borne on a pro rata basis in accordance with the number of Registrable Securities being sold by each of the Holders, Third Party Holders
and/or the Company in such underwritten offering. 

  
 24 

 
Notwithstanding any other provision of this Section 2.4, if the managing underwriter or underwriters of a proposed underwritten offering of the Registrable Securities included in a
Demand Registration shall advise the Company and the Demand Initiating Sponsor Holders that initiated the applicable Demand Registration that the number of securities requested to be included in such Demand Registration exceeds the number which can
be sold in such offering without being likely to have an adverse effect on the price, timing or distribution of the securities offered or the market for the securities offered, then the Company shall so advise all Holders and Third Party Holders of
Registrable Securities that have requested to participate in such Demand Registration (other than the Demand Initiating Sponsor Holders that initiated the applicable Demand Registration), and the number of shares of Registrable Securities that may
be included in such Demand Registration (1) first, shall be allocated pro rata among the Demand Participating Sponsor Holders, Management Holders and the Temasek Holders that have requested to participate in such Demand
Registration based on the relative number of Registrable Securities then held by each such Demand Participating Sponsor Holder, Management Holder and Temasek Holder (provided, that any securities thereby allocated to such a Demand
Participating Sponsor Holder, Management Holder or Temasek Holder that exceed such Holder’s request shall be reallocated among the remaining requesting Demand Participating Sponsor Holders, Management Holders and the Temasek Holders in like
manner), (2) second, and only if all the securities referred to in clause (1) have been included in such Demand Registration, pro rata among the other Holders that have requested to participate in such Demand Registration
based on the relative number of Registrable Securities then held by each such Holder (provided, that any securities thereby allocated to such Holder that exceed such Holder’s request shall be reallocated among the remaining requesting
Holders in like manner), (3) third, and only if all of the securities referred to in clause (2) have been included in such Demand Registration, the number of securities that the Company proposes to include in such Demand
Registration that, in the opinion of the managing underwriter or underwriters, can be sold without having such adverse effect and (4) fourth, and only if all of the securities referred to in clause (3) have been included in such
Demand Registration, any other securities eligible for inclusion in such Demand Registration (including those of any Third Party Holder) that, in the opinion of the managing underwriter or underwriters, can be sold without having such adverse
effect; provided, that notwithstanding the foregoing, the shares of Registrable Securities that may be included in such Demand Registration shall be subject to the Priority Sell-Down. No Registrable Securities excluded from the underwritten
offering by reason of the managing underwriter’s or underwriters’ marketing limitation shall be included in such Demand Registration. Notwithstanding the delivery of any notice of a Demand Registration, all determinations as to whether to
complete any Demand Registration and as to the timing, manner, price and other terms and conditions of any Demand Registration shall be at the sole discretion of the Demand Initiating Sponsor Holders that initiated the applicable Demand
Registration. Each of the Holders agrees to reasonably cooperate with each of the other Holders to establish notice, delivery and documentation procedures and measures to facilitate such other Holder’s participation in future potential Demand
Registrations pursuant this Section 2.4. 
 (d) Right to Terminate, Withdraw and/or Delay Registration. The Demand
Initiating Sponsor Holders that initiated the applicable Demand Registration shall have the right to terminate, withdraw and/or delay any Demand Registration initiated by them under this Section 2.4 prior to the effectiveness of such
Demand Registration whether or not any Holder has elected to include Registrable Securities in such Demand Registration and, thereupon, the 

  
 25 

 
Company shall be relieved of its obligation to register any Registrable Securities under this Section 2.4 in connection with such Demand Registration (but not from its obligation to
pay the Registration Expenses in connection therewith pursuant to Section 2.6), and in the case of a determination to delay registration, the Company shall delay registering all Registrable Securities under this Section 2.4,
for the same period as the delay in registering the Registrable Securities proposed to be included by the Demand Initiating Sponsor Holders that initiated the applicable Demand Registration. For the avoidance of doubt, (i) none of the Demand
Initiating Sponsor Holders shall have any liability or obligation to any other Holders following their determination to terminate, withdraw and/or delay any Demand Registration initiated by them under Section 2.3 and (ii) none of
the Demand Initiating Sponsor Holders that initiated the applicable Demand Registration shall have any liability or obligation to any other Holder following their determination to terminate, withdraw and/or delay any Demand Registration initiated by
them under this Section 2.4. 
 (e) Restrictions on Demand Registrations and Marketed Underwritten Shelf Take-Downs.
Notwithstanding the rights and obligations set forth elsewhere in this Section 2.4, in no event shall the Company be obligated to take any action to effect: 

(i) more than seven (7) Demand Registrations initiated by the MD Holders and/or the MSD Partners Holders, together with
their respective designated transferees or successors pursuant to Section 2.10(a), excluding (A) Demand Registrations that are not deemed to be effected pursuant to Section 2.4(b) and (B) Demand Registrations that
are abandoned by the MD Holders, the MSD Partners Holders and/or their respective designated transferees or successors pursuant to Section 2.10(a) and for which the pro rata portion (based on the total number of securities such
initiating Holder sought to register, as compared to the total number of securities included on the applicable Registration Statement) of the reasonable and documented out-of-pocket fees and expenses incurred by the Company in connection with such
Demand Registration are reimbursed by such Holders; 
 (ii) more than five (5) Demand Registrations initiated by the SLP
Holders, together with their designated transferees or successors pursuant to Section 2.10(a), excluding (A) Demand Registrations that are not deemed to be effected pursuant to Section 2.4(b) and (B) Demand
Registrations that are abandoned by the SLP Holders and/or their designated transferees or successors pursuant to Section 2.10(a) and for which the pro rata portion (based on the total number of securities such initiating Holder
sought to register, as compared to the total number of securities included on the applicable Registration Statement) of the reasonable and documented out-of-pocket fees and expenses incurred by the Company in connection with such Demand Registration
are reimbursed by such Holders; 
 (iii) two (2) Marketed Underwritten Demand Registrations initiated by the MD Holders,
together with their designated transferees or successors pursuant to Section 2.10(a), in any consecutive 12-month period; 

  
 26 

 (iv) two (2) Marketed Underwritten Demand Registrations initiated by
the MSD Partners Holders, together with their designated transferees or successors pursuant to Section 2.10(a), in any consecutive 12-month period; and/or 

(v) two (2) Marketed Underwritten Demand Registrations initiated by the SLP Holders, together with their designated
transferees or successors pursuant to Section 2.10(a), in any consecutive 12-month period. 
 Section 2.5 Piggyback
Registration. 
 (a) If at any time or from time to time the Company shall determine to register any of its equity securities, either for
its own account or for the account of security holders (other than (1) in a registration relating solely to employee benefit plans, (2) a Registration Statement on Form S-4, Form F-4, Form S-8 or Form F-8 (or any successor forms),
(3) a registration pursuant to which the Company is offering to exchange its own securities for other securities, (4) a Registration Statement relating solely to dividend reinvestment or similar plans, (5) a Shelf Registration
Statement pursuant to which only the initial purchasers and subsequent transferees of debt securities of the Company or any Subsidiary that are convertible for Share Equivalents and that are initially issued pursuant to Rule 144A and/or Regulation S
(or any successor provision) of the Securities Act may resell such notes and sell the Share Equivalents into which such notes may be converted, or (6) a registration pursuant to Section 2.1, Section 2.2,
Section 2.3 or Section 2.4 hereof), the Company will: 
 (i) promptly (but in any event within ten
(10) days after the date the relevant Registration Statement is initially filed) give to each Holder written notice thereof; and 

(ii) include in such registration (and any related qualification under state securities laws or other compliance), and in any
underwritten offering involved therein, all the Registrable Securities specified in a written request or requests made within five (5) days after receipt of such written notice from the Company by any Holder or Holders, except as set forth in
Section 2.5(b) below. 
 Notwithstanding the foregoing, this Section 2.5 shall not apply in respect of any Holder in the Merger. For
the avoidance of doubt, the inclusion of the Registrable Securities of any Holder in such registration statement pursuant to this Section 2.5 shall in all cases be subject to Section 2.10(c). 

(b) Underwriting. If the Company intends to distribute the Registrable Securities covered by its registration by means of an
underwritten offering, the Company shall so advise the Holders as a part of the written notice given pursuant to Section 2.5(a)(i). In such event, the right of any Holder to registration pursuant to this Section 2.5 shall be
conditioned upon such Holder’s participation in such underwritten offering and the inclusion of such Holder’s Registrable Securities in the underwritten offering to the extent provided herein. The Company shall, together with all
participating Holders and participating Third Party Holders of Registrable Securities of the Company (if any) proposing (and permitted) to distribute their securities through such underwritten offering, enter into an underwriting agreement in
customary 

  
 27 

 
form (containing such representations and warranties by the Company and such other terms as are generally prevailing in agreements of that type) with the managing underwriter or underwriters
selected for such underwriting by the Company. Such underwriting agreement shall contain such representations and warranties by, and the other agreements on the part of, the Company to and for the benefit of the Holders and Third Party Holders party
thereto as are customarily made by issuers to selling stockholders in secondary underwritten public offerings. No Holder or Third Party Holder shall be entitled to participate in such underwritten offering unless such Holder or Third Party Holder,
as the case may be, completes and executes all questionnaires, powers of attorney, indemnities and other documents required under the terms of such underwriting agreement. Notwithstanding any other provision of this Section 2.5, if the
managing underwriter or underwriters of a proposed underwritten offering of the Registrable Securities included in a registration pursuant to this Section 2.5 shall advise the Company and the Sponsor Holders that have requested to
participate in such registration that the number of securities requested to be included in such registration exceeds the number which can be sold in such offering without being likely to have a significant adverse effect on the price, timing or
distribution of the securities offered or the market for the securities offered, then the number of shares of Registrable Securities that may be included in such registration shall be (1) first, 100% of the securities that the Company
proposes to sell, (2) second, and only if all the securities referred to in clause (1) have been included, the number of Registrable Securities that the Sponsor Holders, Management Holders and Temasek Holders proposed to include in
such registration, which, in the opinion of such managing underwriter or underwriters, can be sold without having such adverse effect in such registration, with such number to be allocated pro rata among such Sponsor Holders, Management
Holders and Temasek Holders that have requested to participate in such registration based on the relative number of Registrable Securities then held by each such Sponsor Holder, Management Holder and Temasek Holder (provided, that any
securities thereby allocated to a Sponsor Holder, Management Holder or Temasek Holder that exceed such Holder’s request shall be reallocated among the remaining requesting Sponsor Holders, Management Holders and Temasek Holders in like manner),
(3) third, and only if all the securities referred to in clause (2) have been included, the number of Registrable Securities that the other Holders proposed to include in such registration, which, in the opinion of such managing
underwriter or underwriters, can be sold without having such adverse effect in such registration, with such number to be allocated pro rata among such other Holders that have requested to participate in such registration based on the relative
number of Registrable Securities then held by each such Holder (provided, that any securities thereby allocated to a Holder that exceed such Holder’s request shall be reallocated among the remaining requesting Holders in like manner) and
(4) fourth, and only if all of the Registrable Securities referred to in clause (3) have been included in such registration, any other securities eligible for inclusion in such registration (including those of any Third Party
Holder) that, in the opinion of the managing underwriter or underwriters, can be sold without having such adverse effect in such registration; provided, that notwithstanding the foregoing, the shares of Registrable Securities that may be
included in such registration shall be subject to the Priority Sell-Down. No securities excluded from the underwriting by reason of the managing underwriter’s or underwriters’ marketing limitation shall be included in such registration.

 (c) Right to Terminate, Withdraw and/or Delay Registration. The Company shall have the right to terminate, withdraw and/or delay
any registration initiated by it (and not a Holder) under this Section 2.5 prior to the effectiveness of such registration whether or not any 

  
 28 

 
Holder has elected to include securities in such registration and, thereupon, (i) in the case of a determination to terminate or withdraw any registration, the Company shall be relieved of
its obligation to register any Registrable Securities under this Section 2.5 in connection with such registration (but not from its obligation to pay the Registration Expenses in connection therewith pursuant to Section 2.6),
without prejudice, however, to the rights of the Sponsor Holders who had elected to participate in such registration to request that such registration be effected as a Demand Registration under Section 2.4, and (ii) in the case of a
determination to delay registration, in the absence of a request by the Sponsor Holders who had elected to participate in such registration that such registration be effected as a Demand Registration under Section 2.4, the Company shall
be permitted to delay registering any Registrable Securities under this Section 2.5, for the same period as the delay in registering the other equity securities covered by such registration. 

Section 2.6 Expenses of Registration. All Registration Expenses shall be borne by the Company; provided, however,
that the Company shall not be required to pay stock transfer taxes or underwriters’ discounts or selling commissions relating to Registrable Securities. 

Section 2.7 Obligations of the Company. In connection with the Company’s registration obligations under this Article
II and subject to the applicable terms and conditions set forth therein, the Company shall use its reasonable best efforts to effect such registration to permit the sale of such Registrable Securities in accordance with the intended method or
methods of distribution thereof as expeditiously as reasonably practicable, and in connection therewith the Company shall: 
 (a) prepare
and file with the SEC a Registration Statement with respect to such Registrable Securities, including all exhibits and financial statements required under the Securities Act to be filed therewith, and before filing any such Registration Statement,
the Prospectus or any Free Writing Prospectus, or any amendments or supplements thereto, (i) furnish to the underwriters, if any, and the participating Sponsor Holders, if any, copies of all such documents prepared to be filed, which documents
shall be subject to the review of such underwriters and such Sponsor Holders and their respective counsel and (ii) except in the case of a registration under Section 2.5, not file any Registration Statement or Prospectus or
amendments or supplements thereto to which any Sponsor Holder or underwriters, if any, shall reasonably object; 
 (b) subject to
Section 2.1(b) and Section 2.2(b) in the case of a Shelf Registration Statement, use its reasonable best efforts to cause such Registration Statement to become effective as soon as practicable, and keep such Registration
Statement effective for (i) the lesser of one hundred eighty (180) days or until the Holder or Holders of Registrable Securities covered by such Registration Statement have completed the distribution relating thereto or (ii) for such
longer period as may be prescribed herein; 
 (c) prepare and file with the SEC such pre- and post-effective amendments to such Registration
Statement, supplements to the Prospectus and such amendments or supplements to any Free Writing Prospectus as may be (x) reasonably requested by any participating Sponsor Holder, (y) reasonably requested by any other participating Holder
(to the 

  
 29 

 
extent such request relates to information relating to such Holder), or (z) necessary to keep such Registration effective for the period of time required by this Agreement, and comply with
provisions of the applicable securities laws with respect to the sale or other disposition of all securities covered by such Registration Statement during such period in accordance with the intended method or methods of disposition by the sellers
thereof set forth in such Registration Statement; 
 (d) permit any Holder and its counsel that (in the good faith reasonable judgment of
such Holder) might be deemed to be a controlling person of the Company (a “Control Holder”) to participate in good faith in the preparation of such Registration Statement and to cooperate in good faith to include therein material,
furnished to the Company in writing, that in the reasonable judgment of such Holder and its counsel should be included; 
 (e) promptly
incorporate in a Prospectus supplement, Free Writing Prospectus or post-effective amendment to the applicable Registration Statement such information as the managing underwriter or underwriters and any participating Sponsor Holder agree should be
included therein relating to the plan of distribution with respect to such Registrable Securities, and make all required filings of such Prospectus supplement, Free Writing Prospectus or post-effective amendment as soon as reasonably practicable
after being notified of the matters to be incorporated in such Prospectus supplement, Free Writing Prospectus or post-effective amendment; 

(f) furnish to the Holders of Registrable Securities covered by such Registration Statement and each underwriter, if any, without charge, such
numbers of copies of the Registration Statement and the related Prospectus and any Free Writing Prospectus and any amendment or supplement thereto, including all exhibits thereto and documents incorporated by reference therein and a preliminary
prospectus, in conformity with the requirements of the Securities Act (it being understood that the Company consents to the use of such Prospectus, any Free Writing Prospectus and any amendment or supplement thereto by such Holders and the
underwriters, if any, in connection with the offering and sale of the Registrable Securities thereby), and such other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities 

(g) in the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and
customary form (containing such representations and warranties by the Company and such other terms as are generally prevailing in agreements of that type), with the managing underwriter(s) of such offering. Each Holder participating in such
underwriting shall also enter into and perform its obligations under such an agreement; 
 (h) notify each Holder of Registrable Securities
covered by such Registration Statement and the managing underwriter or underwriters, if any, and (if requested) confirm such advice in writing and provide copies of the relevant documents, as soon as reasonably practicable after notice thereof is
received by the Company (i) when the applicable Registration Statement or any amendment thereto has been filed or becomes effective, and when the applicable Prospectus or Free Writing Prospectus or any amendment or supplement thereto has been
filed, (ii) of any written comments by the SEC or any request by the SEC or any other federal or state 

  
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governmental authority for amendments or supplements to such Registration Statement, Prospectus or Free Writing Prospectus or for additional information, (iii) of the issuance by the SEC of
any stop order suspending the effectiveness of such Registration Statement or any order by the SEC or any other regulatory authority preventing or suspending the use of any preliminary or final Prospectus or any Free Writing Prospectus or the
initiation or threatening of any proceedings for such purposes, (iv) if, at any time, the representations and warranties of the Company in any applicable underwriting agreement cease to be true and correct in all material respects, (v) of
the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities for offering or sale in any jurisdiction and (vi) of the receipt by the Company of any notification with respect to
the initiation or threatening of any proceeding for the suspension of the qualification of the Registrable Securities for offering or sale in any jurisdiction; 

(i) promptly notify each Holder of Registrable Securities covered by such Registration Statement and the managing underwriter or underwriters,
if any, when the Company becomes aware of the happening of any event as a result of which the applicable Registration Statement, the Prospectus included in such Registration Statement (as then in effect) or any Free Writing Prospectus contains any
untrue statement of a material fact or omits to state a material fact necessary to make the statements therein (in the case of such Prospectus, any preliminary Prospectus or any Free Writing Prospectus, in light of the circumstances under which they
were made) not misleading, when any Free Writing Prospectus includes information that may conflict with the information contained in the Registration Statement, or, if for any other reason it shall be necessary during such time period to amend or
supplement such Registration Statement, Prospectus or Free Writing Prospectus in order to comply with the Securities Act and, in either case as promptly as reasonably practicable thereafter, prepare and file with the SEC, and furnish without charge
to such Holders or the managing underwriter or underwriters, if any, an amendment or supplement to such Registration Statement, Prospectus or Free Writing Prospectus which shall correct such misstatement or omission or effect such compliance; 

(j) use its reasonable best efforts to prevent the issuance of any stop order suspending the effectiveness of any Registration Statement or of
any order preventing or suspending the use of any preliminary or final prospectus and, if any such order is issued, to obtain the withdrawal of any such order as soon as practicable; 

(k) use its reasonable best efforts to cause the Registrable Securities covered by the applicable Registration Statement to be registered with
or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter or underwriters, if any, to consummate the disposition of such Registrable Securities; 

(l) make available for inspection by each Holder including Registrable Securities in such registration, any underwriter participating in any
distribution pursuant to such registration, and any attorney, accountant or other agent retained by such Holder or underwriter, all financial and other records, pertinent corporate documents and properties of the Company, as such parties may
reasonably request, and cause the Company’s officers, directors and employees to supply all information reasonably requested by any such Holder, underwriter, attorney, accountant or agent in connection with such Registration Statement; 

  
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 (m) use its reasonable best efforts to register or qualify, and cooperate with the Holders
of Registrable Securities covered by such Registration Statement, the underwriters, if any, and their respective counsel, in connection with the registration or qualification of such Registrable Securities for offer and sale under the securities or
“Blue Sky” or securities laws of each state and other jurisdiction of the United States as any such Holder or underwriters, if any, or their respective counsel reasonably request in writing, and do any and all other things reasonably
necessary or advisable to keep such registration or qualification in effect for such period as required by Section 2.1(b) and Section 2.2(b); provided, that the Company shall not be required to qualify generally to do
business in any jurisdiction where it is not then so qualified or take any action which would subject it to taxation service of process in any such jurisdiction where it is not then so subject; 

(n) not later than the effective date of the applicable Registration Statement, provide a CUSIP number for all Registrable Securities and
provide the applicable transfer agent with printed certificates for the Registrable Securities which are in a form eligible for deposit with The Depository Trust Company; 

(o) make such representations and warranties to the Holders including Registrable Securities in such registration and the underwriters or
agents, if any, in form, substance and scope as are customarily made by issuers in secondary underwritten public offerings; 
 (p) enter
into such customary agreements (including underwriting and indemnification agreements) and take all such other actions as any Sponsor Holder participating in such registration or the managing underwriter or underwriters, if any, reasonably request
in order to expedite or facilitate the registration and disposition of such Registrable Securities; 
 (q) obtain for delivery to the
Holders of Registrable Securities covered by such Registration Statement and to the underwriters, if any, an opinion or opinions from counsel for the Company, dated the effective date of the Registration Statement or, in the event of an underwritten
offering, the date of the closing under the underwriting agreement, in customary form, scope and substance, which opinions shall be reasonably satisfactory to such Holders or underwriters, as the case may be, and their respective counsel; 

(r) in the case of an underwritten offering, obtain for delivery to the Company and the underwriters, with copies to the Holders of
Registrable Securities included in such Registration, a cold comfort letter from the Company’s independent certified public accountants in customary form and covering such matters of the type customarily covered by cold comfort letters as the
managing underwriter or underwriters reasonably request, dated the date of execution of the underwriting agreement and brought down to the closing under the underwriting agreement; 

(s) use its reasonable best efforts to list the Registrable Securities that are Share Equivalents covered by such Registration Statement with
any securities exchange or automated quotation system on which the Share Equivalents are then listed; 

  
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 (t) provide and cause to be maintained a transfer agent and registrar for all Registrable
Securities covered by the applicable Registration Statement from and after a date not later than the effective date of such Registration Statement; 

(u) cooperate with Holders including Registrable Securities in such registration and the managing underwriters, if any, to facilitate the
timely preparation and delivery of certificates representing Registrable Securities to be sold, such certificates to be in such denominations and registered in such names as such Holders or the managing underwriters may request at least two
(2) Business Days prior to any sale of Registrable Securities; 
 (v) cooperate with each Holder of Registrable Securities covered by
such Registration Statement and each underwriter, if any, participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the FINRA; 

(w) use its reasonable best efforts to comply with all applicable securities laws and make available to its Holders, as soon as reasonably
practicable, an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and the rules and regulations promulgated thereunder; 

(x) make available upon reasonable notice at reasonable times and for reasonable periods for inspection by any Sponsor Holder or Control
Holder participating in such registration, by any underwriter participating in any disposition to be effected pursuant to such Registration Statement and by any attorney, accountant or other agent retained by such Sponsor Holder(s) or Control
Holder(s) or any such underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of the Company’s officers, directors and employees and the independent public accountants
who have certified its financial statements to make themselves available to discuss the business of the Company and to supply all information reasonably requested by any such Person in connection with such Registration Statement as shall be
necessary to enable them to exercise their due diligence responsibility; provided, that any such Person gaining access to information regarding the Company pursuant to this Section 2.7(x) shall agree to hold in strict confidence
and shall not make any disclosure or use any information regarding the Company that the Company determines in good faith to be confidential, and of which determination such Person is notified, unless (w) the release of such information is
requested or required by law or by deposition, interrogatory, requests for information or documents by a governmental entity, subpoena or similar process, (x) such information is or becomes publicly known other than through a breach of this or
any other agreement of which such Person has actual knowledge, (y) such information is or becomes available to such Person on a non-confidential basis from a source other than the Company or (z) such information is independently developed
by such Person; and 
 (y) in the case of an underwritten offering, cause the senior executive officers of the Company to participate in the
customary “road show” presentations that may be reasonably requested by the underwriters and otherwise to facilitate, cooperate with and participate in each proposed offering contemplated herein and customary selling efforts related
thereto. 

  
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 Section 2.8 Indemnification. 

(a) The Company agrees to indemnify and hold harmless, to the fullest extent permitted by applicable law, each Holder of Registrable
Securities, each of such Holder’s respective direct or indirect partners, managers, members or stockholders and each of such partner’s, manager’s, member’s or stockholder’s partners, managers, members or stockholders and,
with respect to all of the foregoing Persons, each of their respective Affiliates, officers, directors, employees, trustees, beneficiaries or agents and each Person, if any, who controls such Persons within the meaning of either Section 15 of
the Securities Act or Section 20 of the Exchange Act, with respect to any registration, qualification, compliance or sale effected pursuant to this Article II, and each underwriter, if any, and each Person who controls any underwriter,
of the Registrable Securities held by or issuable to such Holder (collectively, the “Company Indemnifiable Persons”), against all claims, losses, damages and liabilities (or actions in respect thereto) to which they may become
subject under the Securities Act, the Exchange Act, or other federal or state law arising out of or based on (i) any untrue statement (or alleged untrue statement) of a material fact contained in any Prospectus, offering circular, Free Writing
Prospectus or other similar document (including any related Registration Statement, notification, or the like) incident to any such registration, qualification, compliance or sale effected pursuant to this Article II, or based on any omission
(or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, (ii) any violation or alleged violation by the Company of any federal, state or common law rule or
regulation applicable to the Company or any of its Subsidiaries in connection with any such registration, qualification, compliance or sale, (iii) any failure to register or qualify Registrable Securities in any state where the Company or its
agents have affirmatively undertaken or agreed in writing (including pursuant to Section 2.7(m)) that the Company (the undertaking of any underwriter being attributed to the Company) will undertake such registration or qualification on
behalf of the Holders of such Registrable Securities (provided, that in such instance the Company shall not be so liable if it has undertaken its reasonable best efforts to so register or qualify such Registrable Securities) or (iv) any
actions or inactions or proceedings in respect of the foregoing whether or not any such Company Indemnifiable Person is a party thereto, and the Company will reimburse, as incurred, each such Company Indemnifiable Person for any legal and any other
expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability or action; provided, that the Company will not be liable in any such case to the extent that any such claim, loss, damage,
liability or expense arises out of or is based on any untrue statement or omission made in reliance and in conformity with written information furnished to the Company by such Holder or underwriter expressly for use therein. Such indemnity shall
remain in full force and effect regardless of any investigation made by or on behalf of any Company Indemnifiable Person. 
 (b) Each Holder
(if Registrable Securities held by or issuable to such Holder are included in such registration, qualification, compliance or sale pursuant to this Article II) agrees (severally and not jointly) to indemnify and hold harmless, to the fullest
extent permitted by applicable law, the Company, each of its officers, directors, employees, stockholders, Affiliates and agents and each Person, if any, who controls the Company within the meaning of either Section 15 of the Securities Act or
Section 20 of the Exchange Act, each underwriter, if any, and each Person who controls any underwriter, of the Company’s securities covered by such a Registration Statement, and each other Holder, each of such other Holder’s
respective direct or 

  
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indirect partners, members or stockholders and each of such partner’s, member’s or stockholder’s partners, members or stockholders and, with respect to all of the foregoing
Persons, each of their respective Affiliates, officers, directors, employees, trustees or agents and each Person, if any, who controls such Persons within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange
Act (collectively, the “Holder Indemnifiable Persons”), against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material
fact contained in any Prospectus, offering circular, Free Writing Prospectus or other similar document (including any related Registration Statement, notification, or the like) incident to any such registration, qualification, compliance or sale
effected pursuant to this Article II, or based on any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse, as incurred,
each such Holder Indemnifiable Persons for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability or action, in each case to the extent, but only to the extent, that
such untrue statement (or alleged untrue statement) or omission (or alleged omission) was made in such Registration Statement, Prospectus, offering circular, Free Writing Prospectus or other document, in reliance upon and in conformity with written
information furnished to the Company by such Holder expressly for use therein that was not corrected in a subsequent writing prior to or concurrently with the sale of the Registrable Securities to the Person asserting the claim; provided,
however, that the aggregate liability of each Holder hereunder shall be limited to the gross proceeds after underwriting discounts and commissions received by such Holder upon the sale of the Registrable Securities giving rise to such
indemnification obligation. 
 (c) Each Company Indemnifiable Person and Holder Indemnifiable Person entitled to indemnification under this
Section 2.8 (the “Indemnified Party”) shall give written notice to the party required to provide such indemnification (the “Indemnifying Party”) of any claim as to which indemnification may be sought
promptly after such Indemnified Party has actual knowledge thereof (and in any event, within fifteen (15) Business Days) and shall permit the Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom with
counsel reasonably satisfactory to the Indemnified Party; provided, that the Indemnified Party may participate in such defense at the Indemnifying Party’s expense if (i) the Indemnified Party has reasonably concluded (based upon
advice of its counsel) that there may be legal defenses available to it or other Indemnified Parties that are different from or in addition to those available to the Indemnifying Party or (ii) in the reasonable judgment of the Indemnified Party
(based upon the advice of its counsel) a conflict of interest may exist between the Indemnified Party and the Indemnifying Party with respect to such claim or any litigation resulting therefrom (in which case, if the Indemnified Party notifies the
Indemnifying Party in writing that the Indemnified Party elects to employ separate counsel at the Indemnifying Party’s expense, the Indemnifying Party shall not have the right to assume the defense of such claim or any litigation resulting
therefrom on behalf of the Indemnified Party); provided, further, that the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Article II,
except to the extent that such failure to give notice materially prejudices the Indemnifying Party in the defense of any such claim or any such litigation. An Indemnifying Party, in the defense of any such claim or litigation, may, without the
consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement that (i) includes as a term thereof the giving by the claimant or plaintiff therein to 

  
 35 

 
such Indemnified Party of an unconditional release from all liability with respect to such claim or litigation and (ii) does not include a statement as to or an admission of fault,
culpability or a failure to act by or on behalf of such Indemnified Party; provided, that any sums payable in connection with such settlement are paid in full by the Indemnifying Party. If such defense is not assumed by the Indemnifying
Party, the Indemnifying Party will not be subject to any liability for any settlement made without its prior written consent, but such consent may not be unreasonably withheld. It is understood that the Indemnifying Party or Parties shall not,
except as specifically set forth in this Section 2.8(c), in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees, disbursements or other charges of more than one separate firm
admitted to practice in such jurisdiction at any one time unless (x) the employment of more than one counsel has been authorized in writing by the Indemnifying Party or Parties, (y) an Indemnified Party has reasonably concluded (based upon
advice of its counsel) that there may be legal defenses available to it that are different from or in addition to those available to the other Indemnified Parties, or (z) a conflict or potential conflict exists or may exist (based upon advice
of counsel to an Indemnified Party) between such Indemnified Party and the other Indemnified Parties, in each of which cases the Indemnifying Party shall be obligated to pay the reasonable fees and expenses of such additional counsel or counsels.

 (d) If for any reason the indemnification provided for in Section 2.8(a) or Section 2.8(b) is unavailable to an
Indemnified Party or insufficient in respect of any claims, losses, damages and liabilities referred to therein, then the Indemnifying Party shall contribute to the amount paid or payable by the Indemnified Party as a result of such claims, losses,
damages and liabilities (i) in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party, on the one hand, and the Indemnified Party or Parties, on the other hand, in connection with the acts, statements or
omissions that resulted in such claims, losses, damages and liabilities, as well as any other relevant equitable considerations. In connection with any Registration Statement filed with the SEC by the Company, the relative fault of the Indemnifying
Party, on the one hand, and the Indemnified Party, on the other hand, shall be determined by reference to, among other things, whether any untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material
fact relates to information supplied by the Indemnifying Party or by the Indemnified Party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto
agree that it would not be just or equitable if contribution pursuant to this Section 2.8(d) were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations
referred to in this Section 2.8(d). No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation. The amount paid or payable by an Indemnified Party as a result of the claims, losses, damages and liabilities referred to in Section 2.8(a) and/or Section 2.8(b) shall be deemed to include, subject to the
limitations set forth above, any legal or other expenses reasonably incurred by such Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 2.8(d), in
connection with any Registration Statement filed by the Company, any Holder of Registrable Securities covered by such Registration Statement shall not be required to contribute any amount in excess of the dollar amount of the gross proceeds (less
underwriting discounts and commissions) received by such Holder under the sale of Registrable Securities giving rise to such contribution obligation less 

  
 36 

 
any amount paid by such Holders pursuant to Section 2.8(b). If indemnification is available under this Section 2.8, the Indemnifying Parties shall indemnify each
Indemnified Party to the full extent provided in Section 2.8(a) and Section 2.8(b) without regard to the provisions of this Section 2.8(d). 

(e) The indemnities provided in this Section 2.8 (i) shall survive the transfer of any Registrable Securities by such Holder
and (ii) are not exclusive and shall not limit any rights or remedies which may be available to any Indemnified Party at law or in equity or pursuant to any other agreement. 

Section 2.9 Information by Holder. Each Holder of Registrable Securities included in any registration shall promptly furnish to
the Company such information regarding such Holder and the distribution proposed by such Holder as the Company may reasonably request and as shall be required in connection with any registration, qualification or compliance referred to in this
Article II. 
 Section 2.10 Transfer of Registration Rights; Additional Holders; General Transfer Restrictions on Exercise of
Rights. 
 (a) The rights of a Holder contained in Section 2.2, Section 2.3, Section 2.4 and/or
Section 2.5 hereof to cause the Company to register Registrable Securities of such Holder may be assigned in respect of those Registrable Securities (i) conveyed by a Sponsor Holder to its Permitted Transferees, (ii) conveyed
by a Management Holder to its Permitted Transferees, (iii) conveyed by a Temasek Holder to a Permitted Temasek Transferee(s) and/or (iv) conveyed by any other Holder solely with the prior written consent of the Sponsor Holders;
provided, that such transferee shall only be admitted as a party hereunder upon his, her or its execution and delivery of a Joinder Agreement and the acceptance thereof by the Company, whereupon such Person will be treated as a Holder for all
purposes of this Agreement, with the same rights, benefits and obligations hereunder as the transferring Holder with respect to the transferred Registrable Securities (except that if the transferee was a Holder prior to such transfer, such
transferee shall have the same rights, benefits and obligations with respect to such transferred Registrable Securities as were applicable to Registrable Securities held by such transferee prior to such transfer). Notwithstanding anything herein to
the contrary, for the avoidance of doubt, any registration rights or allocations provided under this Agreement to (w) a MD Holder may be assigned without limitation by such MD Holder to any other MD Holder, (x) a MSD Partners Holder may be
assigned without limitation by such MSD Partners Holder to any other MSD Partners Holder, (y) a SLP Holder may be assigned without limitation by such SLP Holder to any other SLP Holder and (z) a Temasek Holder may be assigned without
limitation by such Temasek Holder to any other Temasek Holder. 
 (b) An employee of the Company or any Subsidiary of the Company or other
Person who receives Registrable Securities from the Company may only be conferred the rights of a Holder contained in Section 2.2, Section 2.3, Section 2.4 and/or Section 2.5 hereof to cause the
Company to register Registrable Securities of such Holder (i) with the prior written consent of the Sponsor Holders and (ii) upon his, her or its execution and delivery of a Joinder Agreement and the acceptance thereof by the Company,
whereupon such person will be admitted as a party hereunder as a Non-Sponsor Holder and treated as a Non-Sponsor Holder for all purposes of this Agreement, with the same rights, benefits and obligations hereunder as the Non-Sponsor Holders. 

  
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 (c) Notwithstanding anything in this Agreement to the contrary, (i) each of the Sponsor
Holders acknowledges and agrees that any exercise of the rights contained in Section 2.2, Section 2.3, Section 2.4 and/or Section 2.5 hereof are subject to any limitations or restrictions that such
Sponsor Holders have agreed to with the Company pursuant to any other binding contractual commitment, if any, in all respects, (ii) each of the Temasek Holders acknowledges and agrees that any exercise of the rights contained in
Section 2.2, Section 2.3, Section 2.4 and/or Section 2.5 hereof are subject to any limitations or restrictions that such Temasek Holders have agreed to with the Company pursuant to any other binding
contractual commitment, if any, in all respects and (iii) each of the Management Holders acknowledges and agrees that any exercise of the rights contained in Section 2.2, Section 2.4 and/or Section 2.5 hereof
are subject to any limitations or restrictions that such Management Holders have agreed to with the Company pursuant to any other binding contractual commitment, if any, in all respects. 

Section 2.11 Delay of Registration. No Holder shall have any right to obtain, and hereby waives any right to seek, an injunction
restraining or otherwise delaying any registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Article II. 

Section 2.12 Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not,
without the prior written consent of the MD Holders and the SLP Holders, enter into any agreement with respect to its Securities that is inconsistent with the rights granted to the Holders by this Agreement, including by allowing any holder or
prospective holder of any Securities of the Company (a) to include any Securities in any registration filed under Section 2.1, Section 2.2, Section 2.3, Section 2.4 and/or Section 2.5
hereof, unless, in each case, under the terms of such agreement, such holder or prospective holder may include such Securities in any such registration only to the extent that the inclusion of such Securities will not diminish the amount of
Registrable Securities that are included in such registration or (b) to require the Company to effect a registration pursuant to demand registration rights. 

Section 2.13 Reporting. The Company covenants that it will file the reports required to be filed by it under the Securities Act
and the Exchange Act and the rules and regulations adopted by the SEC thereunder (or, if the Company is not required to file such reports, it will, upon the reasonable request of any of the Sponsor Holders, make publicly available such necessary
information for so long as necessary to permit sales pursuant to Rules 144, 144A or Regulation S under the Securities Act), and it will take such further action as any Sponsor Holder may reasonably request, all to the extent required from time to
time to enable the Holders, following the Merger, to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (i) Rules 144, 144A or Regulation S under the Securities Act, as
such Rules may be amended from time to time, or (ii) any similar or analogous rule or regulation hereafter adopted by the SEC, including making and keeping current public information available, within the meaning of Rule 144 (or any similar or
analogous rule or regulation hereafter adopted by the SEC) promulgated under the Securities Act, at all times after it has become subject to the reporting requirements of the Exchange Act. 

  
 38 

 
Upon the reasonable request of a Holder, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements and, if not, the specifics thereof, a
copy of the most recent annual or quarterly report of the Company, and such other reports and documents as such Holder may reasonably request in availing itself of any rule or regulation of the SEC allowing it to sell any such securities without
registration. 
 Section 2.14 Blackout Periods. 

(a) Blackout Period. Each of the Company and each Holder (other than the Temasek Holders) agrees, and the Company agrees to cause its
and each of Dell’s and EMC’s directors and executive officers to agree, during the period beginning on the Closing Date, and ending one hundred eighty (180) days thereafter, not to take or commit to take any actions that are, or would
constitute, a Blackout Period Restriction; provided, however, that, the restrictions set forth in the definition of Blackout Period Restriction notwithstanding, each Holder may transfer Securities during such period to its Permitted
Transferees so long as any such Permitted Transferee that is not a party to this Agreement executes and delivers to the Company a Joinder Agreement pursuant to which such Person agrees to be bound by and comply with the provisions of, this Agreement
(including, for the avoidance of doubt, this Section 2.14). 
 (b) Other Underwritten Offerings Blackout Periods. If
requested by the Company or the managing underwriter or underwriters in an underwritten offering, subject to Section 2.14(c), each of the Company and each Holder (other than the Temasek Holders and, solely from and after the two
(2) year anniversary of the Closing Date, a Sub 10% Sponsor Holder that is not an employee of the Company or any of its Subsidiaries, in each case provided any such Holder is not participating in such offering) agrees, and the Company agrees to
cause its and each of Dell’s and EMC’s directors and executive officers to agree, during the period beginning seven (7) days before the effective date of a Registration Statement of the Company filed in connection with an underwritten
offering subsequent to the Merger (other than any Non-Marketed Underwritten Shelf Take-Down) (or, if later in the case of a Marketed Underwritten Shelf Take-Down, the date the underwriting agreement for such Marketed Underwritten Shelf Take-Down is
entered into) and ending ninety (90) days thereafter (or, if applicable, such lesser period as may be agreed by the Company, managing underwriter or underwriters in writing), not to take or commit to take any actions that are, or would
constitute, a Blackout Period Restriction. 
 (c) Non-Marketed Underwritten Shelf Take-Down Blackout Periods. If requested by the
Company or the managing underwriter or underwriters in a Non-Marketed Underwritten Shelf Take-Down, each of the Company and each Holder (other than the Temasek Holders and, solely from and after the two (2) year anniversary of the Closing Date,
a Sub 10% Sponsor Holder that is not an employee of the Company or any of its Subsidiaries, in each case provided any such Holder is not participating in such offering) agrees, and the Company agrees to cause its and each of Dell’s and
EMC’s directors and executive officers to agree, during the period beginning on the date that the Non-Marketed Underwritten Shelf Take-Down Notice has been provided to the Company (it being understood the Company shall immediately following
receipt of a Non-Marketed Underwritten Shelf Take-Down Notice notify all Holders and such other Persons that are subject to this Section 2.14 of their obligations herein) and ending on the earlier of (A) thirty (30) days after
the Non-Marketed Underwritten Shelf Take-Down contemplated by such Non-Marketed Underwritten Shelf Take-Down Notice is completed and 

  
 39 

 
(B) the date that the Company receives notice from the applicable managing underwriters or underwriters in such Non-Marketed Underwritten Shelf Take-Down that such Non-Marketed Underwritten Shelf
Take-Down is being abandoned or terminated, not to take or commit to take any actions that are, or would constitute, a Blackout Period Restriction; provided, that the duration of the period contemplated in this Section 2.14(c)
shall not exceed forty five (45) days. 
 (d) Certain Exceptions. 

(i) A Holder may be released, in whole or in part, from the Blackout Period Restrictions imposed by Section 2.14(a)
only with, and to the extent provided by, the written consent of the Company (which Company consent shall require approval by the Special Committee). To the extent that any Sponsor Stockholder is released from the Blackout Period Restrictions
imposed by Section 2.14(a), each other Holder shall (without duplication of any lock-up release provisions in any other agreement) be correspondingly released from such Blackout Period Restrictions with respect to a number of Securities
equal to the product of (x) the highest percentage of Securities held by any Sponsor Stockholder that are being released from the Blackout Period Restrictions pursuant to this Section 2.14(d)(i) multiplied by (y) the
total number of Securities held by such Holder; provided that, notwithstanding the foregoing, with respect to each Management Holder, the number of Securities released pursuant to this Section 2.14(d)(i) shall equal the number of
Securities released with respect to such Management Holder pursuant to Section 3.2(c) of the Management Stockholders Agreement. 

(ii) Notwithstanding anything in Section 2.14(b) and/or Section 2.14(c) to the contrary, (i) no
Holder shall be subject to any Blackout Period Restriction pursuant to Section 2.14(b) or Section 2.14(c) for longer duration than that applicable to any directors and/or executive officers of the Company as required by the
applicable managing underwriter or underwriters, (ii) no Sponsor Holder shall be subject to any Blackout Period Restrictions pursuant to Section 2.14(b) or Section 2.14(c) for longer duration than that applicable to any
other Sponsor Holder (other than Sub 10% Sponsor Holders), (iii) no Sub 10% Sponsor Holder shall be subject to any Blackout Period Restrictions pursuant to Section 2.14(b) or Section 2.14(c) for longer duration than that
applicable to any other Sub 10% Sponsor Holder, (iv) if any Sponsor Holder (other than a Sub 10% Sponsor Holder) is released from its Blackout Period Restrictions pursuant to Section 2.14(b) or Section 2.14(c), the other
Sponsor Holders shall be simultaneously released, on a pro rata basis, from such Blackout Period Restrictions and (v) if any Sub 10% Sponsor Holder is released from its Blackout Period Restrictions pursuant to Section 2.14(b)
or Section 2.14(c), the other Sub 10% Sponsor Holders shall be simultaneously released, on a pro rata basis, from such Blackout Period Restrictions, and in the case of each of the foregoing clauses (iv) and (v), it being
understood that each of the Company and the Sponsor Holder initially released from such Blackout Period Restrictions must immediately notify in writing the other applicable Sponsor Holders thereof. 

(iii) Notwithstanding anything in Section 2.14 to the contrary, during the periods described in this
Section 2.14 the Company may effect a Special Registration. 

  
 40 

 (e) Certain Matters. The Company agrees to use its reasonable best efforts to obtain
from each holder of restricted securities of the Company which securities are the same as or similar to the Registrable Securities being registered, or any restricted securities convertible into or exchangeable or exercisable for any of such
securities, an agreement not to effect any public sale or distribution of such securities during any such period referred to in Section 2.14(b) or Section 2.14(c), except as part of any such registration, if permitted.
Without limiting the foregoing (but subject to Section 2.12), if after the date hereof the Company grants any Person (other than a Holder) any rights to demand or participate in a registration, the Company agrees that the agreement with
respect thereto shall include such Person’s agreement to comply with any Blackout Period Restrictions required by this Section 2.14, including, for the avoidance of doubt, Section 2.14(a), as if it were a Holder
hereunder. If requested by the managing underwriter or underwriters of any such underwritten offering, the Company and each Holder shall, and shall cause each other Person subject to the Blackout Period Restrictions referred to in this
Section 2.14 to, execute a customary agreement reflecting its agreement set forth in this Section 2.14. The Company shall impose stop-transfer instructions with respect to the Securities subject to the foregoing restriction
until the end of the period referenced above. 
 Section 2.15 Clear Market. With respect to any underwritten offerings of
Registrable Securities of the Sponsor Holders (each a “Sponsor Underwritten Offering”), the Company agrees not to effect (other than pursuant to the registration applicable to such Sponsor Underwritten Offering, pursuant to a
Special Registration or pursuant to the exercise by any other Sponsor Holder of any of its rights under Section 2.2, Section 2.3 or Section 2.4) any public sale or distribution, or to file any Registration
Statement (other than pursuant to the Registration applicable to such Sponsor Underwritten Offering, pursuant to a Special Registration or pursuant to the exercise by any other Sponsor Holder of any of its rights under Section 2.2,
Section 2.3 or Section 2.4) covering any of its Securities or any securities convertible into or exchangeable or exercisable for such Securities, during the period not to exceed ten (10) days prior and ninety
(90) days after any Sponsor Underwritten Offering. For the avoidance of doubt, the Merger shall not be deemed to be a Sponsor Underwritten Offering. 

Section 2.16 Discontinuance of Distributions and Use of Prospectus and Free Writing Prospectus. Each Holder of Registrable
Securities included in any Registration Statement agrees that, upon delivery of any notice by the Company of the happening of any event of the kind described in Section 2.7(h)(iii), (iv), or (v) or
Section 2.7(i), such Holder will forthwith discontinue disposition of Registrable Securities pursuant to such Registration Statement until (a) such Holder’s receipt of the copies of the supplemented or amended Prospectus or
Free Writing Prospectus contemplated by Section 2.7(i), (b) such Holder is advised in writing by the Company that the use of the Prospectus or Free Writing Prospectus, as the case may be, may be resumed, (c) such Holder is
advised in writing by the Company of the termination, expiration or cessation of such order or suspension referenced in Section 2.7(h)(iii) or Section 2.7(h)(v) or (d) such Holder is advised in writing by the Company
that the representations and warranties of the Company in such applicable underwriting agreement are true and correct in all material respects. If so directed by the Company, such Holder shall deliver to the Company (at the Company’s expense)
all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus or any Free Writing Prospectus covering such Registrable Securities current at the time of delivery of such notice. In the event the Company shall
give any such notice, the period during which the applicable Registration Statement is 

  
 41 

 
required to be maintained effective shall be extended by the number of days during the period from and including the date of the giving of such notice to and including the date when each seller
of Registrable Securities covered by such Registration Statement either receives the copies of the supplemented or amended Prospectus or Free Writing Prospectus contemplated by Section 2.7(i) or is advised in writing by the Company that
the use of the Prospectus or Free Writing Prospectus may be resumed. 
 ARTICLE III 

MISCELLANEOUS 

Section 3.1 Term. This Agreement shall terminate (a) with respect to all Holders, with the prior written consent of the MD
Holders and the SLP Holders or (b) with respect to any Holder, at such time as such Holder, together with its Affiliates, does not beneficially own any Registrable Securities. Notwithstanding the foregoing, the provisions of
Section 2.8, Section 2.13 and all of this Article III shall survive any such termination. 
 Section 3.2
Effectiveness. This Agreement shall become effective on the Closing Date upon execution of this Agreement by the Company and each of the Sponsor Stockholders. In the event that the Merger Agreement is terminated for any reason without the
Closing having occurred, this Agreement shall not become effective, shall be void ab initio and the First Restated Agreement shall continue in full force and effect without amendment or restatement. 

Section 3.3 Further Assurances. From time to time, at the reasonable request of the MD Holders or the SLP Holders and without
further consideration, each party hereto shall execute and deliver such additional documents and take all such further action as may be necessary or appropriate to consummate and make effective, in the most expeditious manner practicable, the
transactions contemplated by this Agreement. 
 Section 3.4 Confidentiality. The terms of this Agreement and any information
relating to any exercise of rights hereunder shall be confidential and no party to this Agreement shall disclose to any Person not a party to this Agreement any of the terms of this Agreement, except (a) in the case of each of the Sponsor
Holders, to such Sponsor Holder’s partners, managers, members, advisors, employees, agents, accountants, trustees, attorneys, Affiliates and investment vehicles managed or advised by such Sponsor Holder or the partners, managers, members,
advisors, employees, agents, accountants, trustees or attorneys of such Affiliates or managed or advised investment vehicles, in each case so long as such Persons agree to keep such information confidential (or are subject to customary
confidentiality obligations with respect thereto), (b) in the case of the Temasek Holders, to the Permitted Temasek Transferees and to the Temasek Holders’ and the Permitted Temasek Transferees’ respective partners, managers, members,
advisors, employees, agents, accountants, trustees, attorneys, Affiliates and investment vehicles managed or advised by such Temasek Holders or Permitted Temasek Transferees or the partners, managers, members, advisors, employees, agents,
accountants, trustees or attorneys of such Affiliates or managed or advised investment vehicles, in each case so long as such Persons agree to keep such information confidential (or are subject to customary confidentiality obligations with respect
thereto), (c) to such party’s advisors, (d) as may be required by deposition, interrogatory, request for documents, subpoena, civil investigative demand or similar 

  
 42 

 
process, law (including under the Securities Act or the Exchange Act), exchange listing requirements, regulation, legal or judicial process or audit, inquiries by a regulator, bank examiner or
self-regulatory organization, pursuant to mandatory professional ethics rules or this Agreement (but only to the extent so required and after notifying the Company to the extent reasonably practicable and requesting confidential treatment) or
(e) in connection with any litigation among the parties hereto. 
 Section 3.5 Entire Agreement. This Agreement constitutes
the entire understanding and agreement between the parties and supersedes and replaces any prior understanding, agreement or statement of intent, in each case, written or oral, of any and every nature with respect thereto. In the event of any
inconsistency between this Agreement and any document executed or delivered to effect the purposes of this Agreement, including the certificate of incorporation and bylaws (or equivalent organizational and governing documents) of any company, this
Agreement shall govern as among the parties hereto. 
 Section 3.6 Specific Performance. Subject to Section 2.11,
the parties hereto agree that the obligations imposed on them in this Agreement are special, unique and of an extraordinary character, and that, in the event of breach by any party, damages would not be an adequate remedy and each of the other
parties shall be entitled to specific performance and injunctive and other equitable relief in addition to any other remedy to which it may be entitled, at law or in equity. The parties hereto further agree to waive any requirement for the securing
or posting of any bond in connection with the obtaining of any such injunctive or other equitable relief. 
 Section 3.7 Governing
Law. This Agreement and all claims or causes of action (whether in tort, contract or otherwise) that may be based upon, arise out of or relate to this Agreement or the negotiation, execution or performance of this Agreement (including any claim
or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with this Agreement) shall be governed by and construed in accordance with the laws of the State of Delaware, regardless of the laws
that might otherwise govern under applicable principles of conflicts of laws. 
 Section 3.8 Submissions to Jurisdictions; WAIVER OF
JURY TRIALS. 
 (a) Each of the parties hereto hereby irrevocably acknowledges and consents that any legal action or proceeding brought
with respect to this Agreement or any of the obligations arising under or relating to this Agreement shall be brought and determined exclusively in the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of
Delaware declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware), and each of the parties hereto hereby irrevocably submits to and accepts with regard to any such
action or proceeding, for itself and in respect of its property, generally and unconditionally, the exclusive jurisdiction of the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to
accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware). Each party hereby further irrevocably waives any claim that the Court of Chancery in the State of Delaware (or, only
if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court 

  
 43 

 
of the United States of America sitting in the State of Delaware) lacks jurisdiction over such party, and agrees not to plead or claim, in any legal action or proceeding with respect to this
Agreement or the transactions contemplated hereby brought in the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of
the United States of America sitting in the State of Delaware), that any such court lacks jurisdiction over such party. 
 (b) Each party
irrevocably consents to the service of process in any legal action or proceeding brought with respect to this Agreement or any of the obligations arising under or relating to this Agreement by the mailing of copies thereof by registered or certified
mail, postage prepaid, to such party, at its address for notices as provided in Section 3.14 of this Agreement, such service to become effective ten (10) days after such mailing. Each party hereby irrevocably waives any objection to
such service of process and further irrevocably waives and agrees not to plead or claim in any action or proceeding commenced hereunder or under any other documents contemplated hereby, that service of process was in any way invalid or ineffective.
Subject to Section 3.8(c), the foregoing shall not limit the rights of any party to serve process in any other manner permitted by applicable law. The foregoing consents to jurisdiction shall not constitute general consents to service of
process in the State of Delaware for any purpose except as provided above and shall not be deemed to confer rights on any Person other than the respective parties to this Agreement. 

(c) Each of the parties hereto hereby waives any right it may have under the laws of any jurisdiction to commence by publication any legal
action or proceeding with respect to this Agreement or any of the obligations under or relating to this Agreement. To the fullest extent permitted by applicable law, each of the parties hereto hereby irrevocably waives the objection which it may now
or hereafter have to the laying of the venue of any suit, action or proceeding with respect to this Agreement or any of the obligations arising under or relating to this Agreement in the Court of Chancery in the State of Delaware (or, only if the
Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State of Delaware), and hereby further irrevocably waives and agrees not to plead
or claim that the Court of Chancery in the State of Delaware (or, only if the Court of Chancery in the State of Delaware declines to accept jurisdiction over a particular matter, any Federal court of the United States of America sitting in the State
of Delaware) is not a convenient forum for any such suit, action or proceeding. 
 (d) The parties hereto agree that any judgment obtained
by any party hereto or its successors or assigns in any action, suit or proceeding referred to above may, in the discretion of such party (or its successors or assigns), be enforced in any jurisdiction, to the extent permitted by applicable law.

 (e) EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH
RESPECT TO ANY SUIT, ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES (I) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF
ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH 

  
 44 

 
OTHER PARTY WOULD NOT, IN THE EVENT OF ANY SUIT, ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER AND (II) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO ENTER INTO
THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section 3.8(e). 

Section 3.9 Obligations. All obligations hereunder shall be satisfied in full without set-off, defense or counterclaim. 

Section 3.10 Consents, Approvals and Actions. 

(a) MD Holders. All actions required to be taken by, or approvals or consents of, the MD Stockholders and/or the MD Holders under this
Agreement (including with respect to any amendments pursuant to Section 3.11), shall be taken by consent or approval by, or agreement of, MD or his permitted assignee; provided, that upon the occurrence and during the continuation
of a Disabling Event, such approval or consent shall be taken by consent or approval by, or agreement of, the holders of a majority of Common Stock held by the MD Stockholders, and in each case, such consent, approval or agreement shall constitute
the necessary action, approval or consent by the MD Stockholders and/or the MD Holders. 
 (b) SLP Holders. All actions required to
be taken by, or approvals or consents of, the SLP Stockholders and/or the SLP Holders under this Agreement (including with respect to any amendments pursuant to Section 3.11), shall be taken by consent or approval by, or agreement of,
the holders of a majority of Common Stock held by the SLP Stockholders, and such consent, approval or agreement shall constitute the necessary action, approval or consent by the SLP Stockholders and/or the SLP Holders. 

(c) MSD Partners Holders. All actions required to be taken by, or approvals or consents of, the MSD Partners Stockholders and/or the
MSD Partners Holders under this Agreement (including with respect to any amendments pursuant to Section 3.11), shall be taken by consent or approval by, or agreement of, the holders of a majority of Common Stock held by the MSD Partners
Stockholders, and such consent, approval or agreement shall constitute the necessary action, approval or consent by the MSD Partners Stockholders and/or the MSD Partners Holders. 

(d) Temasek Holders. All actions required to be taken by, or approvals or consents of, the Temasek Stockholder and/or the Temasek
Holders under this Agreement (including with respect to any amendments pursuant to Section 3.11), shall be taken by consent or approval by, or agreement of, the holders of a majority of Common Stock held by the Temasek Stockholder, and
such consent, approval or agreement shall constitute the necessary action, approval or consent by the Temasek Stockholder and/or the Temasek Holders. 

(e) Non-Sponsor Holders. All actions required to be taken by, or approvals or consents of, the Non-Sponsor Holders under this Agreement
(including with respect to any amendments pursuant to Section 3.11) shall be taken by consent or approval by, or agreement of, the holders of a majority of the outstanding Registrable Securities held by the Non-Sponsor Holders, taken
together, at such time that provide such consent, approval or action in writing at such time. 

  
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 Section 3.11 Amendment and Waiver. 

(a) Any amendment, modification, supplement or waiver to or of any provision of this Agreement shall be in writing and shall require the prior
written approval of the Company; provided, (i) that if any such amendment, modification, supplement or waiver adversely affects the MD Holders, it shall require the prior written consent of the holders of a majority of the Registrable
Securities held by the MD Holders and their designated transferees or successors pursuant to Section 2.10(a) in the aggregate, (ii) that if any such amendment, modification, supplement or waiver adversely affects the SLP Holders, it
shall require the prior written consent of the holders of a majority of the Registrable Securities held by the SLP Holders and their designated transferees or successors pursuant to Section 2.10(a) in the aggregate and (iii) if the
express terms of any such amendment, modification, supplement or waiver disproportionately and adversely affects a Holder (other than the Sponsor Holders) or an MSD Partners Holder or Temasek Holder relative to the SLP Holders, it shall require the
prior written consent of the holders of a majority of the Registrable Securities held by such affected Holders and their designated transferees or successors pursuant to Section 2.10(a) in the aggregate; provided, that the
immediately preceding proviso shall not apply with respect to (i) in the case of Non-Sponsor Holders, amendments that do not apply to Non-Sponsor Holders, in the case of MSD Partners Holders, amendments that do not apply to MSD Partners
Holders, and in the case of the Temasek Holders, amendments that do not apply to the Temasek Holders or (ii) amendments to reflect the addition of a new third-party holding Registrable Securities (other than (x) a designated transferee of
Registrable Securities as a party hereto pursuant to Section 2.10(a) or (y) an additional Non-Sponsor Holder as a party hereto pursuant to Section 2.10(b)). 

(b) Notwithstanding the foregoing, any addition of (i) a designated transferee of Registrable Securities as a party hereto pursuant to
Section 2.10(a) or (ii) an Other Holder as or a recipient of Securities as a party hereto pursuant to Section 2.10(b) in each case shall not constitute an amendment hereto and the applicable Joinder Agreement need be
executed only by the Company and such transferee, recipient or additional Non-Sponsor Holder. 
 (c) Any failure by any party at any time to
enforce any of the provisions of this Agreement shall not be construed a waiver of such provision or any other provisions hereof. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a
further or continuing waiver of such breach or as a waiver of any other or subsequent breach. Except as otherwise expressly provided herein, no failure on the part of any party to exercise, and no delay in exercising, any right, power or remedy
hereunder, or otherwise available in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by such party preclude any other or further exercise thereof or the
exercise of any other right, power or remedy. 
 Section 3.12 Binding Effect. Except as otherwise expressly provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the parties’ successors and permitted assigns. 

  
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 Section 3.13 Third Party Beneficiaries. Except for Section 2.8 and
Section 3.15 (which will be for the benefit of the Persons set forth therein, and any such Person will have the rights provided for therein), this Agreement does not create any rights, claims or benefits inuring to any Person that is not
a party hereto, and it does not create or establish any third party beneficiary hereto. 
 Section 3.14 Notices. Any and all
notices, designations, offers, acceptances or other communications provided for herein shall be deemed to be sufficient if contained in a written instrument delivered in person or sent by facsimile (with written confirmation of transmission), e-mail
(with written confirmation of transmission), nationally-recognized overnight courier, which shall be addressed: 
 (a) in the case of the
Company, to its principal office to the attention of its General Counsel; 
 (b) in the case of the Holders identified below, to the
following respective addresses, e-mail addresses or facsimile numbers: 
 If to any of the SLP Holders, to: 

c/o Silver Lake Partners 
 2775
Sand Hill Road 
 Suite 100 

Menlo Park, CA 94025 
 Attention:
Karen King 
 Facsimile: (650) 233-8125 

E-mail: karen.king@silverlake.com 

and 
 c/o Silver Lake Partners

 9 West 57th Street 
 32nd
Floor 
 New York, NY 10019 

Attention: Andrew J. Schader 

Facsimile: (212) 981-3535 

E-mail: andy.schader@silverlake.com 

with a copy (which shall not constitute actual or constructive notice) to: 

Simpson Thacher & Bartlett LLP 

2475 Hanover Street 
 Palo Alto,
CA 94304 
 Attention: Rich Capelouto 

                 Daniel N. Webb 

Facsimile: (650) 251-5002 

Email: rcapelouto@stblaw.com 

Email: dwebb@stblaw.com 

  
 47 

 If to any of the MD Holders, to: 

Michael S. Dell 
 c/o Dell Inc.

 One Dell Way 
 Round Rock, TX
78682 
 Facsimile: (512) 283-1469 

Email: michael@dell.com 
 with a
copy (which shall not constitute actual or constructive notice) to: 
 Wachtell, Lipton, Rosen & Katz 

51 West 52nd Street 
 New York, NY
10019 
 Attention: Steven A. Rosenblum 

                 Andrew J. Nussbaum 

                 Gordon S. Moodie 

Facsimile: (212) 403-2000 

Email: sarosenblum@wlrk.com 

Email: ajnussbaum@wlrk.com 

Email: gsmoodie@wlrk.com 
 and

 MSD Capital, L.P. 
 645 Fifth
Avenue 
 21st Floor 
 New York,
NY 10022-5910 
 Attention: Marc R. Lisker 

                 Marcello Liguori 

Facsimile: (212) 303-1772 

Email: mlisker@msdcapital.com 

Email: mliguori@msdcapital.com 

If to any of the MSD Partners Holders, to: 

MSD Partners, L.P. 
 645 Fifth
Avenue 
 21st Floor 
 New York,
NY 10022-5910 
 Attention: Marc R. Lisker 

                 Marcello Liguori 

Facsimile: (212) 303-1772 

Email: mlisker@msdpartners.com 

Email: mliguori@msdpartners.com 

  
 48 

 with a copy (which shall not constitute actual or constructive notice) to: 

Wachtell, Lipton, Rosen & Katz 

51 West 52nd Street 
 New York, NY
10019 
 Attention: Steven A. Rosenblum 

                 Andrew J. Nussbaum 

                 Gordon S. Moodie 

Facsimile: (212) 403-2000 

Email: sarosenblum@wlrk.com 

Email: ajnussbaum@wlrk.com 

Email: gsmoodie@wlrk.com 
 If to
any of the Temasek Holders, to: 
 c/o Temasek Holdings (Private) Limited 

60B Orchard Road 
 #06-18 Tower 2

 Singapore 
 Attention: Boon
Sim 
 Email: boonsim@temasek.com.sg 

with a copy (which shall not constitute notice or constructive notice) to: 

Cleary Gottlieb Steen & Hamilton LLP 

One Liberty Plaza 
 New York NY
10006 
 Attention: Paul J. Shim 

Facsimile: (212) 225-3999 

Email: pshim@cgsh.com 
 (c) in
the case of any Non-Sponsor Holder, to the address, e-mail address or facsimile number of such Non-Sponsor Holder set forth in its Joinder Agreement (if applicable); 

(d) in the case of any other Holder, to the address, e-mail address or facsimile number appearing in the books and records of the Company
and/or in its Joinder Agreement (if applicable). 
 Any and all notices, designations, offers, acceptances or other communications shall be conclusively
deemed to have been given, delivered or received (i) in the case of personal delivery, on the day of actual delivery thereof, (ii) in the case of facsimile or e-mail, on the day of transmittal thereof if given during the normal business
hours of the recipient, and on the Business Day during which such normal business hours next occur if not given during such 

  
 49 

 
hours on any day and (iii) in the case of dispatch by nationally-recognized overnight courier, on the next Business Day following the disposition with such nationally-recognized overnight
courier. By notice complying with the foregoing provisions of this Section 3.14, each party shall have the right to change its mailing address, e-mail address or facsimile number for the notices and communications to such party. 

Section 3.15 No Third Party Liability. This Agreement may only be enforced against the named parties hereto. All claims or causes
of action (whether in contract or tort) that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement (including any representation or warranty made in or in connection with this
Agreement or as an inducement to enter into this Agreement), may be made only against the entities that are expressly identified as parties hereto; and no past, present or future director, officer, employee, incorporator, member, partner,
stockholder, Affiliate, portfolio company in which any such party or any of its investment fund Affiliates have made a debt or equity investment (and vice versa), agent, attorney or representative of any party hereto (including any Person
negotiating or executing this Agreement on behalf of a party hereto), unless party to this Agreement, shall have any liability or obligation with respect to this Agreement or with respect any claim or cause of action (whether in contract or tort)
that may arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement (including a representation or warranty made in or in connection with this Agreement or as an inducement to enter into this Agreement).

 Section 3.16 No Partnership. Nothing in this Agreement and no actions taken by the parties under this Agreement shall
constitute a partnership, association or other co-operative entity between any of the parties or constitute any party the agent of any other party for any purpose. 

Section 3.17 Severability. If any portion of this Agreement shall be declared void or unenforceable by any court or administrative
body of competent jurisdiction, such portion shall be deemed severable from the remainder of this Agreement, which shall continue in all respects to be valid and enforceable. 

Section 3.18 Counterparts. This Agreement may be executed in any number of counterparts (which delivery may be via facsimile
transmission or e-mail if in .pdf format), each of which shall be deemed an original, but all of which together shall constitute a single instrument. 

[Remainder of page intentionally left blank] 

  
 50 

 IN WITNESS WHEREOF, each of the undersigned has executed this Second Amended and Restated
Registration Rights Agreement or caused this Second Amended and Restated Registration Rights Agreement to be signed by its officer thereunto duly authorized as of the date first written above. 

 

			
	COMPANY:
	
	DELL TECHNOLOGIES INC.
		
	By:	 	            

	Name:	 	
	Title:	 	

 [Second Amended and Restated Registration Rights Agreement] 

 
	
	MD STOCKHOLDER / MD HOLDER:
	
	
                    
 

	MICHAEL S. DELL

 [Second Amended and Restated Registration Rights Agreement] 

 
			
	MD STOCKHOLDER / MD HOLDER:
	
	SUSAN LIEBERMAN DELL SEPARATE
	PROPERTY TRUST
		
	By:	 	              

	Name:	 	
	Title:	 	
	
	MSD PARTNERS STOCKHOLDERS / MSD PARTNERS HOLDERS:
	
	MSDC DENALI INVESTORS, L.P.
	
	By: MSDC Denali (GP), LLC, its General Partner
		
	By:	 	
                     
    

	Name:	 	
	Title:	 	

 [Second Amended and Restated Registration Rights Agreement] 

 
			
	MSD PARTNERS STOCKHOLDERS / MSD PARTNERS HOLDERS:
	
	MSDC DENALI EIV, LLC
	
	By: MSDC Denali (GP), LLC, its Managing Member
		
	By:	 	              

	Name:	 	
	Title:	 	

 [Second Amended and Restated Registration Rights Agreement] 

 
			
	SLP STOCKHOLDER / SLP HOLDER:
	
	SILVER LAKE PARTNERS III, L.P.
	
	By: Silver Lake Technology Associates III, L.P., its General Partner
	
	By: SLTA III (GP), L.L.C., its General Partner
	
	By: Silver Lake Group, L.L.C., its Managing Member
		
	By:	 	              

	Name:	 	
	Title:	 	

 [Second Amended and Restated Registration Rights Agreement] 

 
			
	SLP STOCKHOLDER / SLP HOLDER:
	
	SILVER LAKE PARTNERS IV, L.P.
	
	By: Silver Lake Technology Associates IV, L.P., its General Partner
	
	By: SLTA IV (GP), L.L.C., its General Partner
	
	By: Silver Lake Group, L.L.C., its Managing Member

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Second Amended and Restated Registration Rights Agreement] 

 
			
	SLP STOCKHOLDER / SLP HOLDER:
	
	SILVER LAKE TECHNOLOGY INVESTORS III, L.P.
	
	By: Silver Lake Technology Associates III, L.P., its General Partner
	
	By: SLTA III (GP), L.L.C., its General Partner
	
	By: Silver Lake Group, L.L.C., its Managing Member

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Second Amended and Restated Registration Rights Agreement] 

 
			
	SLP STOCKHOLDER / SLP HOLDER:
	
	SILVER LAKE TECHNOLOGY INVESTORS IV, L.P.
	
	By: Silver Lake Technology Associates IV, L.P., its General Partner
	
	By: SLTA IV (GP), L.L.C., its General Partner
	
	By: Silver Lake Group, L.L.C., its Managing Member

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Second Amended and Restated Registration Rights Agreement] 

 
			
	SLP STOCKHOLDER / SLP HOLDER:
	
	SLP DENALI CO-INVEST, L.P.
	
	By: SLP Denali Co-Invest GP, L.L.C., its General Partner
	
	By: Silver Lake Technology Associates III, L.P., its managing member
	
	By: SLTA III (GP), L.L.C., its General Partner
	
	By: Silver Lake Group, L.L.C., its Managing Member

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Second Amended and Restated Registration Rights Agreement] 

 EXHIBIT A 

FORM OF 
 JOINDER
AGREEMENT 
 The undersigned is executing and delivering this Joinder Agreement pursuant to that certain Second Amended and Restated
Registration Rights Agreement, dated as of [●], 2018 (as amended, restated, supplemented or otherwise modified in accordance with the terms thereof, the “Registration Rights Agreement”), by and among Dell Technologies Inc.,
Michael S. Dell, Susan Lieberman Dell Separate Property Trust, MSDC Denali Investors, L.P., MSDC Denali EIV, LLC, Silver Lake Partners III, L.P., Silver Lake Technology Investors III, L.P., Silver Lake Partners IV, L.P., Silver Lake Technology
Investors IV, L.P., SLP Denali Co-Invest, L.P., Venezio Investments Pte. Ltd., the Management Stockholders party thereto and any other Persons who become a party thereto in accordance with the terms thereof. Capitalized terms used but not defined in
this Joinder Agreement shall have the respective meanings ascribed to such terms in the Registration Rights Agreement. 
 By executing and
delivering this Joinder Agreement to the Registration Rights Agreement, the undersigned hereby adopts and approves the Registration Rights Agreement and agrees, effective commencing on the date hereof, to become a party to, and to be bound by and
comply with the provisions of, the Registration Rights Agreement as [a][an] [MD Holder][MSD Partners Holder][SLP Holder][Temasek Holder][Management Holder and Non-Sponsor Holder]. 

The undersigned acknowledges and agrees that Section 3.6 through Section 3.8 of the Registration Rights Agreement are
incorporated herein by reference, mutatis mutandis. 
 Accordingly, the undersigned has executed and delivered this Joinder Agreement
as of the     day of             ,             . 

 

			
	  

	Signature
	
	  

	Print Name
		
	Address:	 	  

 
			
	
	  

	
	  

		
	Telephone:	 	  

 
			
	Facsimile:	 	  

 
			
	Email:	 	  

 AGREED AND ACCEPTED 

as of the     day of             ,
            . 
 [DELL TECHNOLOGIES INC.]  

 

			
	By:	 	  

	Name:	 	
	Title:

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