Document:

EX-4.4

 Exhibit 4.4 

Execution Version 

2030 NOTES SUPPLEMENTAL INDENTURE NO. 1 

This 2030 NOTES SUPPLEMENTAL INDENTURE NO. 1, dated as of April 9, 2020 (this “2030 Notes Supplemental Indenture”), is
made and entered into among Dell International L.L.C., a Delaware limited liability corporation (“Dell International”), EMC Corporation, a Massachusetts corporation (“EMC” and, together with Dell International, the
“Issuers”), the Guarantors (as defined below) and The Bank of New York Mellon Trust Company, N.A., a national banking association, as trustee (in such capacity, the “Trustee”) and as collateral agent (in such
capacity, the “Notes Collateral Agent”). Capitalized terms used herein and not otherwise defined have the meanings set forth in the Base Indenture referred to below. 

RECITALS 

A.    Section 9.01(20) of the Base Indenture, dated as of April 9, 2020, among the Issuers, the guarantors named
therein (the “Guarantors”), the Trustee and the Notes Collateral Agent (the “Base Indenture” and, together with this 2030 Notes Supplemental Indenture, the “Indenture”) provides that, without the
consent of Holders of any series of Notes, the Issuers, the Guarantors, the Trustee and the Notes Collateral Agent may enter into a supplemental indenture to the Base Indenture to establish the form or terms of Initial Notes of any series pursuant
to Section 2.01 of the Base Indenture. 
 B.    The Issuers desire to issue $750,000,000 aggregate principal amount
of 6.200% First Lien Notes due 2030 (the “2030 Notes”), and in connection therewith, the Issuers have duly determined to make, execute and deliver to the Trustee this 2030 Notes Supplemental Indenture to set forth
the terms and provisions of the 2030 Notes as required by the Base Indenture. This 2030 Notes Supplemental Indenture shall supplement the Base Indenture insofar as it will apply only to the 2030 Notes issued hereunder (and not to any other series of
Notes). 
 NOW, THEREFORE, in consideration of the mutual agreements and covenants set forth herein, the parties hereto agree, subject to
the terms and conditions hereinafter set forth, as follows for the benefit of the Trustee and the Holders of the 2030 Notes: 

Section 1.    2030 Notes. Pursuant to Section 2.01 of the Base Indenture, the terms and provisions of the
2030 Notes are as follows: 
 (a)     The title of the 2030 Notes shall be “6.200% First Lien Notes due 2030.”

 (b)    The 2030 Notes shall be initially limited to $750,000,000 aggregate principal amount. Subject to compliance
with Section 4.12 of the Base Indenture, the Issuers may, without the consent of the Holders of the 2030 Notes, increase such aggregate principal amount in the future, on the same terms and conditions, except for any differences in the issue
date, issue price and, if applicable, the first Interest Payment Date and the first date from which interest will accrue. The 2030 Notes issued originally hereunder and any additional Notes of such series subsequently issued, shall be treated as a
single class for purposes of the Indenture, including waivers, amendments, redemptions and offers to purchase; provided that if any such additional Notes are not fungible with the Initial Notes of such series for U.S. federal income tax
purposes, such additional Notes of such series will have a separate CUSIP number and ISIN number from the Initial Notes of such series. 

 (c)    The price at which the 2030 Notes shall be issued to the public
is 99.817%. 
 (d)    The Stated Maturity for the 2030 Notes shall be on July 15, 2030. The 2030 Notes shall not
require any principal or premium payments prior to the Stated Maturity. 
 (e)    The rate at which the 2030 Notes shall
bear interest shall be 6.200% per annum (the “Original Interest Rate”), as set forth in Section 1 of the form of 2030 Note attached hereto as Exhibit A, subject to adjustment pursuant to this clause (e) and in
Section 2 of the form of 2030 Note attached hereto as Exhibit A. Interest on the 2030 Notes shall accrue from the most recent date to which interest has been paid, or, if no interest has been paid, from April 9, 2020; provided that
the first Interest Payment Date shall be July 15, 2020. Each January 15 and July 15 in each year, commencing July 15, 2020, shall be an Interest Payment Date for the 2030 Notes. The January 1 or July 1 (whether or not a
Business Day), as the case may be, immediately preceding an Interest Payment Date shall be the Record Date for the interest payable on such Interest Payment Date, even if such 2030 Notes are canceled after such record date and on or before such
Interest Payment Date, except as provided in Section 2.12 of the Base Indenture with respect to defaulted interest. If an Interest Payment Date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding
day that is a Business Day, and no interest on such payment will accrue in respect of the delay. The Issuers shall pay interest on overdue principal at a rate equal to the then applicable interest rate on the 2030 Notes to the extent lawful, and the
Issuers shall pay interest on overdue installments of interest at the same rate to the extent lawful. In addition, the Issuers shall pay Special Interest, if any, payable pursuant to the Registration Rights Agreement. All references in the
Indenture, in any context, to any interest or other amount payable on or with respect to the 2030 Notes shall be deemed to include any Special Interest required to be paid pursuant to the Registration Rights Agreement. 

The interest rate payable on the 2030 Notes shall be subject to adjustment from time to time if either Moody’s or S&P (or, if
applicable, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) under the Exchange Act selected by the Issuers under the Indenture, as a replacement for Moody’s or S&P, or both, as
the case may be (each, a “Substitute Rating Agency”)) downgrades (or subsequently upgrades) its rating assigned to the 2030 Notes, as set forth below. Each of Moody’s, S&P and any Substitute Rating Agency is an
“Interest Rate Rating Agency,” and together they are “Interest Rate Rating Agencies.” 
 The Trustee shall
not be responsible for monitoring the ratings of the 2030 Notes or for determining when an increase or decrease in the interest rate of the 2030 Notes is required. The Issuers shall notify the Trustee in writing of any adjustment to the interest
rate due to a ratings change pursuant to this clause (e) and Section 2 of the form of 2030 Note attached hereto as Exhibit A. 

If the rating of the 2030 Notes from one or both of Moody’s or S&P (or, if applicable, any Substitute Rating Agency) is decreased to
a rating set forth in either of the immediately following tables, the interest rate on the 2030 Notes shall increase from the Original Interest Rate by an amount equal to the sum of the percentages per annum set forth in the following tables
opposite those ratings: 
  

					
	 Moody’s Rating*
	  	Percentage	 
	 Ba1
	  	 	0.25	% 
	 Ba2
	  	 	0.50	% 
	 Ba3
	  	 	0.75	% 
	 B1 or below
	  	 	1.00	% 

  
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	 S&P Rating*
	  	Percentage	 
	 BB+
	  	 	0.25	% 
	 BB
	  	 	0.50	% 
	 BB-
	  	 	0.75	% 
	 B+ or below
	  	 	1.00	% 

  

	*	 Including the equivalent ratings of any Substitute Rating Agency therefor. 

For purposes of making adjustments to the interest rate on the 2030 Notes, the following rules of interpretation will apply: 

(1)     if at any time less than two Interest Rate Rating Agencies provide a rating on the 2030 Notes for
reasons not within the Issuers’ control (i) the Issuers will use commercially reasonable efforts to obtain a rating on the 2030 Notes from a Substitute Rating Agency for purposes of determining any increase or decrease in the interest rate
on the 2030 Notes pursuant to the tables above, (ii) such Substitute Rating Agency will be substituted for the last Interest Rate Rating Agency to provide a rating on the 2030 Notes but which has since ceased to provide such rating,
(iii) the relative ratings scale used by such Substitute Rating Agency to assign ratings to senior secured debt will be determined in good faith by an independent investment banking institution of national standing appointed by the Issuers and,
for purposes of determining the applicable ratings included in the applicable table above with respect to such Substitute Rating Agency, such ratings shall be deemed to be the equivalent ratings used by Moody’s or S&P, as applicable, in
such table, and (iv) the interest rate on the 2030 Notes will increase or decrease, as the case may be, such that the interest rate equals the Original Interest Rate plus the appropriate percentage, if any, set forth opposite the rating from
such Substitute Rating Agency in the applicable table above (taking into account the provisions of clause (iii) above) (plus any applicable percentage resulting from a decreased rating by the other Interest Rate Rating Agency); 

(2)     for so long as only one Interest Rate Rating Agency provides a rating on the 2030 Notes, any
increase or decrease in the interest rate on the 2030 Notes necessitated by a reduction or increase in the rating by that Interest Rate Rating Agency shall be twice the applicable percentage set forth in the applicable table above; 

(3)     if both Interest Rate Rating Agencies cease to provide a rating on the 2030 Notes for any reason,
and no Substitute Rating Agency has provided a rating on the 2030 Notes, the interest rate on the 2030 Notes will increase to, or remain at, as the case may be, 2.00% per annum above the interest rate on the 2030 Notes prior to any such
adjustment; 
 (4)     if Moody’s or S&P ceases to rate the 2030 Notes or make a rating of the
2030 Notes publicly available for reasons within the Issuers’ control, the Issuers will not be entitled to obtain a rating from a Substitute Rating Agency and the increase or decrease in the interest rate on the 2030 Notes shall be determined
in the manner described above as if either only one or no Interest Rate Rating Agency provides a rating on the 2030 Notes, as the case may be; 

(5)     each interest rate adjustment required by any decrease or increase in a rating as set forth above,
whether occasioned by the action of Moody’s or S&P (or, in either case, any Substitute Rating Agency), shall be made independently of (and in addition to) any and all other interest rate adjustments occasioned by the action of the other
Interest Rate Rating Agency; 

  
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 (6)     in no event will the interest rate on the 2030
Notes be reduced to below the Original Interest Rate; and 
 (7)     subject to clauses (3) and
(4) above, no adjustment in the interest rate on the 2030 Notes shall be made solely as a result of an Interest Rate Rating Agency ceasing to provide a rating on the 2030 Notes. 

If at any time the interest rate on the 2030 Notes has been adjusted upward and either of the Interest Rate Rating Agencies subsequently
increases its rating of the 2030 Notes, the interest rate on the 2030 Notes will again be adjusted (and decreased, if appropriate) such that the interest rate on the 2030 Notes equals the interest rate on the 2030 Notes prior to any such adjustment
plus (if applicable) an amount equal to the sum of the percentages per annum set forth opposite the ratings in the tables above with respect to the ratings assigned to the 2030 Notes (or deemed assigned) at that time, all calculated in accordance
with the rules of interpretation set forth above. If Moody’s or any Substitute Rating Agency subsequently increases its rating on the 2030 Notes to “Baa3” (or its equivalent if with respect to any Substitute Rating Agency) or higher
and S&P or any Substitute Rating Agency subsequently increases its rating on the 2030 Notes to “BBB–” (or its equivalent if with respect to any Substitute Rating Agency) or higher, the interest rate on the 2030 Notes will be
decreased to the interest rate on the 2030 Notes prior to any adjustments made pursuant to this clause (e) and Section 2 of the form of 2030 Note attached hereto as Exhibit A. 

Any increase or decrease in the interest rate described in this clause (e) and Section 2 of the form of 2030 Note attached hereto as
Exhibit A shall take effect from the first day of the interest period immediately following the interest period during which a rating change occurs requiring an adjustment in the interest rate. If either Interest Rate Rating Agency changes its
rating of the 2030 Notes more than once during any particular interest period, the last such change by such Interest Rate Rating Agency to occur shall control in the event of a conflict for purposes of any increase or decrease in the interest rate.

 The interest rate shall permanently cease to be subject to any adjustment (notwithstanding any subsequent decrease in the ratings by
either Interest Rate Rating Agency) if the 2030 Notes become rated “Baa1” or higher by Moody’s (or its equivalent if with respect to any Substitute Rating Agency) and “BBB+” or higher by S&P (or its equivalent if with
respect to any Substitute Rating Agency), in each case with a stable or positive outlook. 
 If the interest rate payable on the 2030 Notes
is increased as set forth in this clause (e) and Section 2 of the form of 2030 Note attached hereto as Exhibit A, the term “interest”, as used in the Indenture with respect to the 2030 Notes, shall be deemed to include any such
additional interest unless the context otherwise requires. 
 (f)    Payments of principal of, premium and Special
Interest, if any, and interest on the 2030 Notes represented by one or more Global Notes initially registered in the name of The Depository Trust Company (the “Depositary”) or its nominee with respect to the 2030 Notes shall be made
by the Issuers through the Trustee in immediately available funds to the Depositary or its nominee, as the case may be. 

(g)    The 2030 Notes shall be redeemable in accordance with the terms and provisions set forth in Section 2 hereof
and (to the extent they do not conflict with Section 2 hereof) the terms and provisions of Article 3 of the Base Indenture. 

(h)    There shall be no mandatory sinking fund for the payments of the 2030 Notes. 

  
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 (i)    The 2030 Notes shall be represented by one or more Global Notes
deposited with the Depositary and registered in the name of the nominee of the Depositary. The 2030 Notes, including the form of the certificate of authentication, shall be substantially in the form attached hereto as Exhibit A, the terms of which
are incorporated by reference in this 2030 Notes Supplemental Indenture. 
 (j)    The Bank of New York Mellon Trust
Company, N.A. shall be the Trustee for the 2030 Notes. 
 (k)    Articles 10 and 12 of the Base Indenture shall apply to
the 2030 Notes. 
 (l)    To the extent not set forth otherwise herein, the provisions of Article 2 of the Base
Indenture are applicable. 
 Section 2.    Optional Redemption of the 2030 Notes. 

(a)    Prior to April 15, 2030 (the “Par Call Date”), the 2030 Notes will be redeemable, at any time,
in whole or from time to time in part, at the Issuers’ option, at the Redemption Price equal to the greater of: 
  

	 	(i)	 100% of the principal amount of the 2030 Notes to be redeemed; and 

 

	 	(ii)	 the sum of the present values of the remaining scheduled payments of principal and interest on the 2030 Notes
to be redeemed (not including any portion of such payments of interest accrued as of the Redemption Date) that would be due if the 2030 Notes matured on the Par Call Date, discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, plus 50 basis points; 

plus, in each case, accrued and unpaid interest thereon to, but excluding, the Redemption Date. Notwithstanding the foregoing, installments of interest
on the 2030 Notes to be redeemed that are due and payable on Interest Payment Dates falling on or prior to a Redemption Date will be payable on the Interest Payment Date to the registered Holders as of the close of business on the relevant Record
Date. 
 (b)    At any time and from time to time on or after the Par Call Date, the 2030 Notes will be redeemable, at
any time, in whole or from time to time in part, at the Issuers’ option, at a Redemption Price equal to 100% of the principal amount of the 2030 Notes being redeemed plus accrued and unpaid interest on such 2030 Notes, if any, to, but
excluding, the Redemption Date. 
 (c)    A notice of redemption need not set forth the exact Redemption Price but only
the manner of calculation thereof. 
 Any redemption pursuant to this Section 2 shall be made pursuant to the provisions of Sections
3.01 through 3.06 of the Base Indenture. 
 Section 3.    Definitions. 

(a)    “Comparable Treasury Issue” means the United States Treasury security selected by the Quotation
Agent as having a maturity comparable to the remaining term of the 2030 Notes to be redeemed (assuming for this purpose, that the 2030 Notes to be redeemed mature on the Par Call Date) that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such 2030 Notes. 

  
 -5- 

 (b)    “Comparable Treasury Price” means, with respect
to any Redemption Date, (i) the average of four Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation Agent obtains fewer
than four such Reference Treasury Dealer Quotations, the average of all such quotations, or (iii) if only one Reference Treasury Dealer Quotation is received, such quotation. 

(c)    “Quotation Agent” means each Reference Treasury Dealer appointed by the Issuers. 

(d)    “Reference Treasury Dealer” means (i) Barclays Capital Inc., BofA Securities, Inc., Citigroup
Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC (or their respective affiliates that are Primary Treasury Dealers); provided, however, that if any of the
foregoing shall cease to be a primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”), the Issuers will substitute therefor another Primary Treasury Dealer, and (ii) any other Primary
Treasury Dealer selected by the Issuers. 
 (e)    “Reference Treasury Dealer Quotations” means, with
respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

(f)    “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the
semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for such Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

Section 4.    Governing Law. THIS 2030 NOTES SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 Section 5.    Counterparts. The parties may sign any
number of copies of this 2030 Notes Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The words “execution,” “signed,” “signature,”
“delivery,” and words of like import in or relating to this 2030 Notes Supplemental Indenture or any document to be signed in connection with this 2030 Notes Supplemental Indenture shall be deemed to include electronic signatures,
deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the
case may be, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means. 

Section 6.    Trustee Not Responsible for Recitals or Issuance of 2030 Notes. The recitals contained herein
and in the 2030 Notes, except the Trustee’s certificates of authentication, shall be taken as the statements of the Issuers, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the
validity or sufficiency of this 2030 Notes Supplemental Indenture or of the 2030 Notes. The Trustee shall not be accountable for the use or application by the Issuers of 2030 Notes or the proceeds thereof. 

[Signature Page Follows] 

  
 -6- 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written: 
  

					
	 DELL INTERNATIONAL L.L.C.
  

	By:	 	 /s/ Robert L. Potts

		 	Name:	 	Robert L. Potts
		 	Title:	 	Senior Vice President & Assistant Secretary
	  
 EMC CORPORATION

 

	By:	 	 /s/ Robert L. Potts

		 	Name:	 	Robert L. Potts
		 	Title:	 	Senior Vice President & Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

			
	DELL TECHNOLOGIES INC.
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President, Corporate Securities and Finance Counsel and Assistant Secretary
	
	DENALI INTERMEDIATE INC.
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary
	
	DELL INC.
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

			
	ASAP SOFTWARE EXPRESS, INC.
	CREDANT TECHNOLOGIES, INC.
	DATA DOMAIN LLC
	DELL AMERICA LATINA CORP.
	DELL COLOMBIA INC.
	DELL COMPUTER HOLDINGS L.P.
	DELL DFS CORPORATION
	DELL DFS GROUP HOLDINGS L.L.C.
	DELL FEDERAL SYSTEMS CORPORATION
	DELL FEDERAL SYSTEMS GP L.L.C.
	DELL FEDERAL SYSTEMS L.P.
	DELL FEDERAL SYSTEMS LP L.L.C.
	DELL GLOBAL HOLDINGS L.L.C.
	DELL GLOBAL HOLDINGS XV L.L.C.
	DELL MARKETING CORPORATION
	DELL MARKETING GP L.L.C.
	DELL MARKETING L.P.
	DELL MARKETING LP L.L.C.
	DELL PRODUCTS CORPORATION
	DELL PRODUCTS GP L.L.C.
	DELL PRODUCTS L.P.
	DELL PRODUCTS LP L.L.C.
	DELL REVOLVER FUNDING L.L.C.
	DELL USA CORPORATION
	DELL USA GP L.L.C.
	DELL USA L.P.
	DELL USA LP L.L.C.
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

			
	DELL WORLD TRADE CORPORATION
	DELL WORLD TRADE GP L.L.C.
	DELL WORLD TRADE L.P.
	DELL WORLD TRADE LP L.L.C.
	FORCE10 NETWORKS GLOBAL, INC.
	FORCE10 NETWORKS INTERNATIONAL, INC.
	FORCE10 NETWORKS, INC.
	WYSE TECHNOLOGY L.L.C.
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

			
	 EMC INTERNATIONAL U.S. HOLDINGS L.L.C.

EMC PUERTO RICO, INC.
 ISILON SYSTEMS LLC

		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

			
	 DCC EXECUTIVE SECURITY INC.
 DELL
PRODUCT AND PROCESS INNOVATION SERVICES CORP.

		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Secretary

  
 [Signature Page to
Supplemental Indenture] 

			
	RSA SECURITY LLC
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

			
	DELL REVOLVER COMPANY L.P.
		
	By:	 	DELL REVOLVER GP L.L.C., its General Partner
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

			
	DELL REVOLVER GP L.L.C.
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

			
	FLANDERS ROAD HOLDINGS LLC
	NBT INVESTMENT PARTNERS LLC
	NEWFOUND INVESTMENT PARTNERS LLC
	SCALEIO LLC
		
	By:	 	EMC CORPORATION, its Member
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

			
	EMC IP HOLDING COMPANY LLC
		
	By:	 	DENALI INTERMEDIATE INC., its Member
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

			
	DELL FINANCIAL SERVICES L.L.C.
		
	By:	 	 /s/ Tyler W. Johnson

	Name:	 	Tyler W. Johnson
	Title:	 	Senior Vice President

  
 [Signature Page to
Supplemental Indenture] 

			
	DELL TECHNOLOGIES CAPITAL, LLC
		
	By:	 	Dell Inc., its managing member
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

 
			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
	as Trustee and Notes Collateral Agent
		
	By:	 	 /s/ Mitchell L. Brumwell

		 	            Authorized Signatory

  
 [Signature Page to
Supplemental Indenture] 

 EXHIBIT A 

THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL
OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06(h) OF THE INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED
IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A
SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE ISSUERS. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”) TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR
OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT
FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL
OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE THAT IS ONE YEAR (IN THE CASE OF THE 144A NOTES) OR 40 DAYS (IN THE CASE OF THE REGULATION S NOTES) AFTER THE LATER OF THE ORIGINAL ISSUE DATE OF THE NOTES AND THE LAST DATE ON WHICH THE ISSUERS
OR ANY AFFILIATE OF THE ISSUERS WAS THE OWNER OF THIS NOTE (OR ANY PREDECESSOR OF THIS NOTE) ONLY (A) TO THE ISSUERS OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES
ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT
THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A PERSON IT REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS 

 
GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A UNDER THE SECURITIES ACT, (D) PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF
REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT, OTHER THAN THE EXEMPTION PROVIDED BY RULE 144, SUBJECT TO THE ISSUERS’ AND THE TRUSTEE’S RIGHTS PRIOR TO ANY SUCH OFFER,
SALE OR TRANSFER PURSUANT TO CLAUSE (C), (D) OR (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. 

BY ITS ACQUISITION OF THIS SECURITY, THE HOLDER HEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (I) IT IS NOT ACQUIRING OR HOLDING
THIS SECURITY (OR ANY INTEREST HEREIN) WITH THE ASSETS OF ANY (A) EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), (B) PLAN, INDIVIDUAL RETIREMENT
ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER
LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (COLLECTIVELY, “SIMILAR LAWS”), OR (C) ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” (WITHIN THE MEANING OF U.S.
DEPARTMENT OF LABOR REGULATION 29 C.F.R. SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT DESCRIBED IN CLAUSE (A) OR (B), OR (II)(A) THE ACQUISITION AND
HOLDING OF THIS SECURITY (OR ANY INTEREST HEREIN) BY IT WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER
ANY APPLICABLE SIMILAR LAWS, AND (B) NONE OF THE ISSUERS, THE GUARANTORS, THE INITIAL PURCHASERS NOR ANY OF THEIR RESPECTIVE AFFILIATES IS ITS FIDUCIARY WITH RESPECT TO ITS DECISION TO INVEST IN AND HOLD THIS SECURITY AS CONTEMPLATED HEREBY.

  
 A-2 

 CUSIP [            ]1 
 ISIN [            ]2 
 [[RULE 144A][REGULATION S] [GLOBAL] NOTE 

representing up to 

$[        ] 

6.200% First Lien Notes due 2030 
  

			
	 No.             
	  	$[        ]

 DELL INTERNATIONAL L.L.C. 

and 
 EMC CORPORATION 

promise to pay to CEDE & CO. or registered assigns, the principal sum set forth on the Schedule of Exchanges of Interests in the
Global Note attached hereto on July 15, 2030. 
 Interest Payment Dates: January 15 and July 15 

Record Dates: January 1 and July 1 
  

 

	1	 144A: 24703D BD2 

Reg S: U24724 AP8 
  

	2	 144A: US24703DBD21 

Reg S: USU24724AP82 

  
 A-3 

 IN WITNESS HEREOF, the Issuers have caused this instrument to be duly executed. 

Dated: April 9, 2020 
  

			
	DELL INTERNATIONAL L.L.C.
		
	By:	 	  

		 	Name:
		 	Title:
	
	EMC CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-4 

 This is one of the Notes referred to in the within-mentioned Indenture: 

 

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

		 		 	as Trustee
			
	Dated: April 9, 2020	 		 	
				
		 		 	By:	 	  

		 		 		 	Authorized Signatory

  
 A-5 

 6.200% First Lien Notes due 2030 

Capitalized terms used herein shall have the meanings assigned to them in the Base Indenture referred to below unless otherwise indicated.

 1.    INTEREST. Dell International L.L.C., a Delaware limited liability company (“Dell
International”), and EMC Corporation, a Massachusetts corporation (“EMC” and, together with Dell International, the “Issuers”), promise to pay interest on the principal amount of this 2030 Note, subject to
adjustment pursuant to Section 2 of this 2030 Note, at 6.200% per annum (the “Original Interest Rate”), from April 9, 2020 until Maturity and shall pay Additional Interest, if any, payable pursuant to the Registration
Rights Agreement. The Issuers shall pay interest and Additional Interest, if any, semi-annually in arrears on January 15 and July 15 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an
“Interest Payment Date”). Interest on the 2030 Notes shall accrue from the most recent date to which interest has been paid or, if no interest has been paid, from April 9, 2020; provided that the first Interest Payment
Date shall be July 15, 2020. The Issuers shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the interest rate on the 2030
Notes to the extent lawful; the Issuers shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest and Additional Interest, if any, from time to time on demand at the interest
rate on the 2030 Notes. Interest shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The interest rate on the 2030 Notes will in no event
be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application. This 2030 Note is one of the series designated on the face hereof (individually, a “2030 Note” and,
collectively, the “2030 Notes”). 
 2.    INTEREST RATE ADJUSTMENT. The interest rate payable on the
2030 Notes shall be subject to adjustment from time to time if either Moody’s or S&P (or, if applicable, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) under the Exchange Act
selected by the Issuers under the Indenture, as a replacement for Moody’s or S&P, or both, as the case may be (each, a “Substitute Rating Agency”)) downgrades (or subsequently upgrades) its rating assigned to the 2030
Notes, as set forth below. Each of Moody’s, S&P and any Substitute Rating Agency is an “Interest Rate Rating Agency,” and together they are “Interest Rate Rating Agencies.” 

The Trustee shall not be responsible for monitoring the ratings of the 2030 Notes or for determining when an increase or decrease in the
interest rate of the 2030 Notes is required. The Issuers shall notify the Trustee in writing of any adjustment to the interest rate due to a ratings change pursuant to this Section 2 or Section 1(e) of the 2030 Notes Supplemental Indenture
No. 1 (as defined below). 
 If the rating of the 2030 Notes from one or both of Moody’s or S&P (or, if applicable, any
Substitute Rating Agency) is decreased to a rating set forth in either of the immediately following tables, the interest rate on the 2030 Notes shall increase from the Original Interest Rate by an amount equal to the sum of the percentages per annum
set forth in the following tables opposite those ratings: 
  

					
	 Moody’s Rating*
	  	Percentage	 
	 Ba1
	  	 	0.25	% 
	 Ba2
	  	 	0.50	% 
	 Ba3
	  	 	0.75	% 
	 B1 or below
	  	 	1.00	% 

  
 A-6 

					
	 S&P Rating*
	  	Percentage	 
	 BB+
	  	 	0.25	% 
	 BB
	  	 	0.50	% 
	 BB-
	  	 	0.75	% 
	 B+ or below
	  	 	1.00	% 

  

	*	 Including the equivalent ratings of any Substitute Rating Agency therefor. 

For purposes of making adjustments to the interest rate on the 2030 Notes, the following rules of interpretation will apply: 

(1)     if at any time less than two Interest Rate Rating Agencies provide a rating on the 2030 Notes for
reasons not within the Issuers’ control (i) the Issuers will use commercially reasonable efforts to obtain a rating on the 2030 Notes from a Substitute Rating Agency for purposes of determining any increase or decrease in the interest rate
on the 2030 Notes pursuant to the tables above, (ii) such Substitute Rating Agency will be substituted for the last Interest Rate Rating Agency to provide a rating on the 2030 Notes but which has since ceased to provide such rating,
(iii) the relative ratings scale used by such Substitute Rating Agency to assign ratings to senior secured debt will be determined in good faith by an independent investment banking institution of national standing appointed by the Issuers and,
for purposes of determining the applicable ratings included in the applicable table above with respect to such Substitute Rating Agency, such ratings shall be deemed to be the equivalent ratings used by Moody’s or S&P, as applicable, in
such table, and (iv) the interest rate on the 2030 Notes will increase or decrease, as the case may be, such that the interest rate equals the Original Interest Rate plus the appropriate percentage, if any, set forth opposite the rating from
such Substitute Rating Agency in the applicable table above (taking into account the provisions of clause (iii) above) (plus any applicable percentage resulting from a decreased rating by the other Interest Rate Rating Agency); 

(2)     for so long as only one Interest Rate Rating Agency provides a rating on the 2030 Notes, any
increase or decrease in the interest rate on the 2030 Notes necessitated by a reduction or increase in the rating by that Interest Rate Rating Agency shall be twice the applicable percentage set forth in the applicable table above; 

(3)     if both Interest Rate Rating Agencies cease to provide a rating on the 2030 Notes for any reason,
and no Substitute Rating Agency has provided a rating on the 2030 Notes, the interest rate on the 2030 Notes will increase to, or remain at, as the case may be, 2.00% per annum above the interest rate on the 2030 Notes prior to any such
adjustment; 
 (4)     if Moody’s or S&P ceases to rate the 2030 Notes or make a rating of the
2030 Notes publicly available for reasons within the Issuers’ control, the Issuers will not be entitled to obtain a rating from a Substitute Rating Agency and the increase or decrease in the interest rate on the 2030 Notes shall be determined
in the manner described above as if either only one or no Interest Rate Rating Agency provides a rating on the 2030 Notes, as the case may be; 

(5)     each interest rate adjustment required by any decrease or increase in a rating as set forth above,
whether occasioned by the action of Moody’s or S&P (or, in either case, any Substitute Rating Agency), shall be made independently of (and in addition to) any and all other interest rate adjustments occasioned by the action of the other
Interest Rate Rating Agency; 
 (6)     in no event will the interest rate on the 2030 Notes be reduced
to below the Original Interest Rate; and 

  
 A-7 

 (7)     subject to clauses (3) and (4) above,
no adjustment in the interest rate on the 2030 Notes shall be made solely as a result of an Interest Rate Rating Agency ceasing to provide a rating on the 2030 Notes. 

If at any time the interest rate on the 2030 Notes has been adjusted upward and either of the Interest Rate Rating Agencies subsequently
increases its rating of the 2030 Notes, the interest rate on the 2030 Notes will again be adjusted (and decreased, if appropriate) such that the interest rate on the 2030 Notes equals the interest rate on the 2030 Notes prior to any such adjustment
plus (if applicable) an amount equal to the sum of the percentages per annum set forth opposite the ratings in the tables above with respect to the ratings assigned to the 2030 Notes (or deemed assigned) at that time, all calculated in accordance
with the rules of interpretation set forth above. If Moody’s or any Substitute Rating Agency subsequently increases its rating on the 2030 Notes to “Baa3” (or its equivalent if with respect to any Substitute Rating Agency) or higher
and S&P or any Substitute Rating Agency subsequently increases its rating on the 2030 Notes to “BBB–” (or its equivalent if with respect to any Substitute Rating Agency) or higher, the interest rate on the 2030 Notes will be
decreased to the interest rate on the 2030 Notes prior to any adjustments made pursuant to this Section 2 or Section 1(e) of the 2030 Notes Supplemental Indenture No. 1. 

Any increase or decrease in the interest rate described in this Section 2 or Section 1(e) of the 2030 Notes Supplemental Indenture
No. 1 shall take effect from the first day of the interest period immediately following the interest period during which a rating change occurs requiring an adjustment in the interest rate. If either Interest Rate Rating Agency changes its
rating of the 2030 Notes more than once during any particular interest period, the last such change by such Interest Rate Rating Agency to occur shall control in the event of a conflict for purposes of any increase or decrease in the interest rate.

 The interest rate shall permanently cease to be subject to any adjustment (notwithstanding any subsequent decrease in the ratings by
either Interest Rate Rating Agency) if the 2030 Notes become rated “Baa1” or higher by Moody’s (or its equivalent if with respect to any Substitute Rating Agency) and “BBB+” or higher by S&P (or its equivalent if with
respect to any Substitute Rating Agency), in each case with a stable or positive outlook. 
 If the interest rate payable on the 2030 Notes
is increased as set forth in this Section 2 and Section 1(e) of the 2030 Notes Supplemental Indenture No. 1, the term “interest”, as used in the Indenture with respect to the 2030 Notes, shall be deemed to include any such
additional interest unless the context otherwise requires. 
 3.    METHOD OF PAYMENT. The Issuers will pay interest on
the 2030 Notes and Additional Interest, if any, to the Persons who are registered Holders of the 2030 Notes at the close of business (if applicable) on the January 1 or July 1 (whether or not a Business Day), as the case may be,
immediately preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Base Indenture with respect to defaulted interest.
Payment of interest and Additional Interest, if any, may be made by check mailed to the Holders of the 2030 Notes at their addresses set forth in the register of Holders, provided that all payments of principal of and interest and premium and
Additional Interest, if any, with respect to the 2030 Notes represented by one or more Global Notes will be made in accordance with DTC’s applicable procedures. Such payment shall be in such coin or currency of the United States of America as
at the time of payment is legal tender for payment of public and private debts. 
 4.    PAYING AGENT AND REGISTRAR.
Initially, The Bank of New York Mellon Trust Company, N.A., the Trustee under the Indenture, will act as Paying Agent and Registrar. The Issuers may change any Paying Agent or Registrar without notice to the Holders. Dell Technologies or any of its
Subsidiaries may act in any such capacity. 

  
 A-8 

 5.    INDENTURE. The Issuers issued the 2030 Notes under the Base
Indenture, dated as of April 9, 2020 (the “Base Indenture”), among the Issuers, the Trustee and The Bank of New York Mellon Trust Company, N.A., as notes collateral agent (the “Notes Collateral Agent”), as
supplemented by the 2030 Notes Supplemental Indenture No. 1, dated as of April 9, 2020 (the “2030 Notes Supplemental Indenture No. 1”, and, together with the Base Indenture, the
“Indenture”), among the Issuers, the Trustee and the 2030 Notes Collateral Agent. This 2030 Note is one of a duly authorized issue of notes of the Issuers designated as their 6.200% First Lien Notes due 2030. The Issuers shall be
entitled to issue Additional Notes constituting Notes pursuant to Sections 2.01 and 4.12 of the Base Indenture and Section 1(b) of the 2030 Notes Supplemental Indenture No. 1. The terms of the 2030 Notes include those stated in the
Indenture. The 2030 Notes are subject to all such terms, and Holders of the 2030 Notes are referred to the Indenture for a statement of such terms. To the extent any provision of this 2030 Note conflicts with the express provisions of the Indenture,
the provisions of the Indenture shall govern and be controlling. 
 6.    REDEMPTION AND REPURCHASE. The 2030 Notes are
subject to optional redemption, and may be the subject of a Change of Control Offer, an Alternate Offer, an Asset Sale Offer or an Advance Offer, as further described in the Indenture. The Issuers shall not be required to make any mandatory
redemption or sinking fund payments with respect to the 2030 Notes. 
 7.    DENOMINATIONS, TRANSFER, EXCHANGE. The
2030 Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the
Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Issuers may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Issuers need not exchange
or register the transfer of any Note or portion of a Note selected for redemption or tendered (and not withdrawn) for repurchase in connection with a Change of Control Offer, an Alternate Offer, an Asset Sale Offer, an Advance Offer or other tender
offer, in whole or in part, except for the unredeemed portion of any Note being redeemed in part. Also, the Issuers need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed. 

8.    PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as its owner for all purposes. 

9.    AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture, the 2030 Notes or the related Note Guarantees may be amended or
supplemented as provided in the Indenture. 
 10.    DEFAULTS AND REMEDIES. The Events of Default relating to the 2030
Notes are defined in Section 6.01 of the Base Indenture. Upon the occurrence of an Event of Default relating to the 2030 Notes, the rights and obligations of the Issuers, the Guarantors, the Trustee and the Holders of the 2030 Notes shall be as
set forth in the applicable provisions of the Indenture. 
 11.    AUTHENTICATION. This 2030 Note shall not be entitled
to any benefit under the Indenture or be valid or obligatory for any purpose until authenticated by the manual or electronic signature of the Trustee. 

12. ADDITIONAL RIGHTS OF HOLDERS OF RESTRICTED GLOBAL NOTES AND RESTRICTED DEFINITIVE NOTES. In addition to the rights provided to Holders of
the 2030 Notes under the Indenture, Holders of Restricted Global Notes and Restricted Definitive Notes representing Notes shall have all the rights set forth in the Registration Rights Agreement, dated as of April 9, 2020, among the Issuers and
the representatives of the initial purchasers set forth therein (as supplemented, the “Registration Rights Agreement”), including the right to receive Additional Interest.     

  
 A-9 

 13.    GOVERNING LAW. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN
AND BE USED TO CONSTRUE THE INDENTURE, THE 2030 NOTES AND THE NOTE GUARANTEES. 
 14.    CUSIP AND ISIN NUMBERS.
Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuers have caused CUSIP and ISIN numbers and/or similar numbers to be printed on the 2030 Notes and the Trustee may use CUSIP and ISIN
numbers and/or similar numbers in notices of redemption as a convenience to Holders of the 2030 Notes. No representation is made as to the accuracy of such numbers either as printed on the 2030 Notes or as contained in any notice of redemption and
reliance may be placed only on the other identification numbers placed thereon. 
 The Issuers will furnish to any Holder upon written
request and without charge a copy of the Indenture and/or the Registration Rights Agreement. Requests may be made to the Issuers at the following address: 

c/o Dell Inc. 
 One Dell Way

 Round Rock, Texas 78682 

Fax No.: (512) 283-0544 

Attention: Robert Potts 
 Email:
Robert.Potts@dell.com 
 15.    SECURITY. The 2030 Notes and the related Note Guarantees shall be secured by the
Collateral on the terms and subject to the conditions set forth in the Indenture and the Security Documents. The Trustee and the 2030 Notes Collateral Agent, as the case may be, shall hold the Collateral in trust for the benefit of the Holders of
the 2030 Notes, in each case pursuant to the Security Documents and the Intercreditor Agreements. Each Holder of the 2030 Notes, by accepting this 2030 Note, consents and agrees to the terms of the Security Documents (including the provisions
providing for the foreclosure and release of Collateral) and the Intercreditor Agreements as the same may be in effect or may be amended from time to time in accordance with their terms and the Indenture and authorizes and directs the 2030 Notes
Collateral Agent to enter into the Security Documents and the Intercreditor Agreements (including pursuant to the joinders thereto) on the Issue Date, and at any time after Issue Date, if applicable, and to perform its obligations and exercise its
rights thereunder in accordance therewith. 

  
 A-10 

 ASSIGNMENT FORM 

To assign this 2030 Note, fill in the form below: 

(I) or (we) assign and transfer this 2030 Note to:          
                                         
                                         
                                         
                                     

                        
                                         
                                         
  (Insert assignee’s legal name) 
  
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 

and irrevocably appoint                    
                                         
                                         
                                         
                                         
                          

to transfer this 2030 Note on the books of the Issuers. The agent may substitute another to act for him. 

Date:                      

 

			
	1.        	 	Your Signature:                                  
                             
		 	(Sign exactly as your name appears on the face of this 2030 Note)

 Signature Guarantee:*
                                         
                    
  

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 A-11 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this 2030 Note purchased by the Issuers pursuant to Section 4.10 or 4.14 of the Indenture, check the
appropriate box below: 
 ☐  Section 4.10
            ☐  Section 4.14 
 If you want to elect to
have only part of this 2030 Note purchased by the Issuers pursuant to Section 4.10 or Section 4.14 of the Indenture, state the amount you elect to have purchased: 

$         

Date:                      

 

			
	2.        	 	Your Signature:                                   
                     
		 	(Sign exactly as your name appears on the face of this 2030 Note)
		
	3.	 	Tax Identification No.:                                
             

 Signature Guarantee:*
                                         
                    
  

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable
to the Trustee). 

  
 A-12 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is $[        ]. The following
exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global or Definitive Note for an interest in this Global Note, have been made: 

 

									
	 Date of

Exchange
	  	 Amount of

decrease
 in Principal

Amount
	  	 Amount of increase

in Principal
 Amount of this

Global Note
	  	 Principal Amount

of
 this Global Note

following such
 decrease or

increase
	  	 Signature of

authorized officer
 of Trustee or

Note Custodian

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  

	*	 This schedule should be included only if the Note is issued in global form. 

  
 A-13EX-4.5

 Exhibit 4.5 

EXECUTION VERSION 
  

 
 REGISTRATION RIGHTS AGREEMENT 

Dated as of April 9, 2020 

Among 
 DELL INTERNATIONAL L.L.C.,

 EMC CORPORATION, 
 the
Guarantors party hereto, 
 and 

BOFA SECURITIES, INC., 
 BARCLAYS
CAPITAL INC., 
 CITIGROUP GLOBAL MARKETS INC., 

CREDIT SUISSE SECURITIES (USA) LLC, 

GOLDMAN SACHS & CO. LLC, 

and 
 J.P. MORGAN SECURITIES LLC,

 As Representatives for the Initial Purchasers 

$1,000,000,000 5.850% First Lien Notes due 2027 

$500,000,000 6.100% First Lien Notes due 2030 

$750,000,000 6.200% First Lien Notes due 2040 
  

 

 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is dated as of April 9, 2020, among DELL INTERNATIONAL L.L.C., a
Delaware limited liability company (“Dell International”), EMC CORPORATION, a Massachusetts corporation (“EMC” and, together with Dell International, the “Issuers”), the Guarantors (as defined
below) and BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as the representatives (the
“Representatives”) of the several initial purchasers (the “Initial Purchasers”) named on Schedule I to the Purchase Agreement (as defined below). 

This Agreement is entered into in connection with the Purchase Agreement, dated April 3, 2020 (the “Purchase
Agreement”), by and among the Issuers, the guarantors party thereto (the “Guarantors”) and the Representatives on behalf of the several Initial Purchasers, which provides for, among other things, the sale by the Issuers to
the Initial Purchasers of (i) $1,000,000,000 aggregate principal amount of their 5.850% First Lien Notes due 2027 (the “2027 Notes”), (ii) $500,000,000 aggregate principal amount of their 6.100% First Lien Notes due 2030 (the
“2030 Notes”) and (iii) $750,000,000 aggregate principal amount of their 6.200% First Lien Notes due 2040 (the “2040 Notes” and, together with the 2027 Notes and the 2030 Notes, the “Notes” and each
a “series of Notes”). Pursuant to the Purchase Agreement and the Indenture (as defined below), the Guarantors have agreed to guarantee (collectively, the “Guarantees”) the Issuers’ obligations under the Notes
and the Indenture. References to the “Securities” shall mean one or more Notes of the applicable series of Notes and the Guarantees thereof. In order to induce the Initial Purchasers to enter into the Purchase Agreement, the Issuers
and the Guarantors have agreed to provide the registration rights set forth in this Agreement for the benefit of the Initial Purchasers and any subsequent holder or holders of the Securities. The execution and delivery by the Issuers and the
Guarantors of this Agreement is a condition to the Initial Purchasers’ obligations under the Purchase Agreement. 
 The parties hereby
agree as follows: 
 1.       Definitions 

As used in this Agreement, the following terms shall have the following meanings: 

Additional Interest: See Section 5(a) hereof. 

Advice: See the last paragraph of Section 6 hereof. 

Agreement: See the introductory paragraphs hereto. 

Applicable Period: See Section 2(b) hereof. 

Business Day: Shall have the meaning ascribed to such term in Rule 14d-1 under
the Exchange Act. 
 Effectiveness Date: With respect to any Shelf Registration Statement, the 90th day after the Filing Date with respect thereto; provided, however, that if the Effectiveness Date would otherwise fall on a day that is not a Business Day, then the Effectiveness Date
shall be the next succeeding Business Day. 
 Effectiveness Period: See Section 3(a) hereof. 

 Event Date: See Section 5(b) hereof. 

Exchange Act: The Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 Exchange Notes: See Section 2(a) hereof. 

Exchange Offer: See Section 2(a) hereof. 

Exchange Offer Registration Statement: See Section 2(a) hereof. 

Exchange Securities: See Section 2(a) hereof. 

Filing Date: The 90th day after the delivery of a Shelf Notice as
required pursuant to Section 2(d) hereof; provided, however, that if the Filing Date would otherwise fall on a day that is not a Business Day, then the Filing Date shall be the next succeeding Business Day. 

FINRA: See Section 6(r) hereof. 

Guarantees: See the introductory paragraphs hereto. 

Guarantors: See the introductory paragraphs hereto. 

Holder: Any holder of a Registrable Security or Registrable Securities, in each case for so long as such Person holds
any Registrable Securities. 
 Indenture: The indenture, dated as of April 9, 2020, among the Issuers, the
Guarantors and The Bank of New York Mellon Trust Company, N.A., as trustee and as notes collateral agent, as supplemented by a supplemental indenture for each series of Notes, as amended or supplemented from time to time in accordance with the terms
thereof. 
 Information: See Section 6(n) hereof. 

Initial Purchasers: See the introductory paragraphs hereto. 

Initial Shelf Registration: See Section 3(a) hereof. 

Inspectors: See Section 6(n) hereof. 

Issue Date: April 9, 2020, the date of original issuance of the Notes. 

Issuers: Dell International and EMC, collectively. 

New Guarantees: See Section 2(a) hereof. 

Notes: See the introductory paragraphs hereto. 

Participant: See Section 8(a) hereof. 

Participating Broker-Dealer: See Section 2(b) hereof. 

  
 -2- 

 Person: An individual, trustee, corporation, partnership, limited
liability company, joint stock company, trust, unincorporated association, union, business association, firm or other legal entity. 

Private Exchange: See Section 2(b) hereof. 

Private Exchange Notes: See Section 2(b) hereof. 

Prospectus: The prospectus included in any Registration Statement (including, without limitation, any prospectus subject
to completion and a prospectus that includes any information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A and Rule 430C under the Securities Act), as amended or supplemented by
any prospectus supplement, and all other amendments and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such Prospectus. 

Purchase Agreement: See the introductory paragraphs hereof. 

Records: See Section 6(n) hereof. 

Registrable Securities: Each Security upon its original issuance and at all times subsequent thereto, each Exchange
Security as to which Section 2(d)(iv) hereof is applicable upon original issuance and at all times subsequent thereto and each Private Exchange Note (and the related Guarantees) upon original issuance thereof and at all times subsequent
thereto, until, in each case, the earliest to occur of (i) a Registration Statement (other than, with respect to any Exchange Securities as to which Section 2(d)(iv) hereof is applicable, the Exchange Offer Registration Statement) covering
such Security, Exchange Security or Private Exchange Note (and the related Guarantees) has been declared effective by the SEC and such Security, Exchange Security or such Private Exchange Note (and the related Guarantees), as the case may be, has
been disposed of in accordance with such effective Registration Statement, (ii) such Security has been exchanged pursuant to the Exchange Offer for an Exchange Security or Exchange Securities that may be resold without restriction under state
and federal securities laws (other than any restriction due solely to the status of any Holder thereof being an affiliate of the Issuers within the meaning of the Securities Act), (iii) such Security, Exchange Security or Private Exchange Note (and
the related Guarantees), as the case may be, ceases to be outstanding for purposes of the Indenture or any indenture (if different) governing the Exchange Security and Private Exchange Notes, as applicable, or (iv) the date which is seven years
after the Issue Date. 
 Registration Statement: Any registration statement of the Issuers that covers any of the
Securities, the Exchange Securities or the Private Exchange Notes (and the related Guarantees) filed with the SEC under the Securities Act, including, in each case, the Prospectus, amendments and supplements to such registration statement, including
post-effective amendments, all exhibits, and all material incorporated by reference or deemed to be incorporated by reference in such registration statement. 

Rule 144: Rule 144 under the Securities Act. 

Rule 144A: Rule 144A under the Securities Act. 

Rule 405: Rule 405 under the Securities Act. 

  
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 Rule 415: Rule 415 under the Securities Act. 

Rule 424: Rule 424 under the Securities Act. 

SEC: The U.S. Securities and Exchange Commission. 

Securities: See the introductory paragraphs hereto. 

Securities Act: The Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder.

 Shelf Notice: See Section 2(d) hereof. 

Shelf Registration: See Section 3(b) hereof. 

Shelf Registration Statement: Any Registration Statement relating to a Shelf Registration. 

Shelf Suspension Period: See Section 3(a) hereof. 

Subsequent Shelf Registration: See Section 3(b) hereof. 

TIA: The Trust Indenture Act of 1939, as amended. 

Trustee: (i) The trustee under the Indenture and (ii) the trustee under any indenture(s) (if different)
governing the Exchange Securities and Private Exchange Notes (and the related Guarantees). 
 Underwritten registration or
underwritten offering: A registration in which securities of the Issuers are sold to an underwriter for reoffering to the public. 

Except as otherwise specifically provided, all references in this Agreement to acts, laws, statutes, rules, regulations,
releases, forms, no-action letters and other regulatory requirements (collectively, “Regulatory Requirements”) shall be deemed to refer also to any amendments thereto and all subsequent
Regulatory Requirements adopted as a replacement thereto having substantially the same effect therewith; provided that Rule 144 shall not be deemed to amend or replace Rule 144A. 

2.       Exchange Offer 

(a)    Unless the Exchange Offer would violate applicable law or any applicable interpretation of the staff
of the SEC, the Issuers and the Guarantors shall use commercially reasonable efforts to file with the SEC a Registration Statement (the “Exchange Offer Registration Statement”) on an appropriate registration form with respect to a
registered offer (the “Exchange Offer”) to exchange any and all of the applicable series of Registrable Securities for a like aggregate principal amount of debt securities of the Issuers (the “Exchange Notes”),
guaranteed, to the extent applicable, on an unsecured senior basis by Dell Technologies Inc., a Delaware corporation (“Holdings”), and on a secured senior basis by the other Guarantors (the “New Guarantees” and,
together with the Exchange Notes, the “Exchange Securities”), that are identical in all material respects to the applicable series of Notes except that (i) the Exchange Notes shall contain no restrictive legend thereon,
(ii) interest thereon shall accrue from the later of 

  
 -4- 

 
(x) the last date on which interest was paid on such series of Notes or, if no such interest has been paid, from the Issue Date or (y) if such Note is surrendered for exchange on a date in a
period that includes the record date for an interest payment date to occur on or after the date of such Exchange Offer and as to which interest will be paid, the date of such interest payment date, (iii) the Exchange Securities will not contain
provisions for the Additional Interest contemplated in Section 5 below, and (iv) the Exchange Securities shall be entitled to the benefits of the Indenture or a trust indenture which is identical in all material respects to the Indenture
(other than such changes to the Indenture or any such identical trust indenture as are necessary to comply with the TIA) and which, in either case, has been qualified under the TIA. The Exchange Offer shall comply with all applicable tender offer
rules and regulations under the Exchange Act and other applicable laws. The Issuers and the Guarantors shall use commercially reasonable efforts to (x) prepare and file with the SEC the Exchange Offer Registration Statement with respect to the
Exchange Offer; (y) keep the Exchange Offer open for at least 20 Business Days (or longer if required by applicable law) after the date that notice of the Exchange Offer is delivered to Holders; and (z) consummate the Exchange Offer on or
prior to the day that is five years after the Issue Date. 
 Each Holder (including, without limitation, each Participating
Broker-Dealer) that participates in the Exchange Offer, as a condition to participation in the Exchange Offer, will be required to represent to the Issuers in writing (which may be contained in the applicable letter of transmittal) that:
(i) any Exchange Securities acquired in exchange for Registrable Securities tendered are being acquired in the ordinary course of business of the Person receiving such Exchange Securities, whether or not such recipient is such Holder itself;
(ii) at the time of the commencement or consummation of the applicable Exchange Offer neither such Holder nor, to the actual knowledge of such Holder, any other Person receiving Exchange Securities from such Holder has an arrangement or
understanding with any Person to participate in the distribution (within the meaning of the Securities Act) of the applicable Exchange Securities in violation of the provisions of the Securities Act; (iii) neither the Holder nor, to the actual
knowledge of such Holder, any other Person receiving Exchange Securities from such Holder is an “affiliate” (as defined in Rule 405) of an Issuer or, if it is an affiliate of an Issuer, it will comply with the registration and prospectus
delivery requirements of the Securities Act to the extent applicable and will provide information to be included in the Shelf Registration Statement in accordance with Section 6 hereof in order to have their Securities included in the Shelf
Registration Statement and benefit from the provisions regarding Additional Interest in Section 5 hereof; (iv) if such Holder is not a broker-dealer, neither such Holder nor, to the actual knowledge of such Holder, any other Person
receiving Exchange Securities from such Holder is engaging in or intends to engage in a distribution of the Exchange Securities; and (v) if such Holder is a Participating Broker-Dealer, such Holder has acquired such Registrable Securities for
its own account in exchange for Securities that were acquired as a result of market-making activities or other trading activities and that it will comply with the applicable provisions of the Securities Act (including, but not limited to, the
prospectus delivery requirements thereunder). 
 Upon consummation of the Exchange Offer in accordance with this
Section 2, the provisions of this Agreement shall continue to apply, mutatis mutandis, solely with respect to Registrable Securities that are Private Exchange Notes (and the related Guarantees) and Exchange Securities as to which
Section 2(d)(iv) is applicable and Exchange Securities held by Participating Broker-Dealers, and the Issuers shall have no further obligation to register Registrable Securities (other than Private Exchange Notes (and the related Guarantees) and
Exchange Securities as to which clause 2(d)(iv) hereof applies) pursuant to Section 3 hereof. 

  
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 (b)    The Issuers shall include within the Prospectus
contained in the Exchange Offer Registration Statement a section entitled “Plan of Distribution,” which shall contain a summary statement of the positions taken or policies made by the staff of the SEC with respect to the potential
“underwriter” status of any broker-dealer that is the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of Exchange Notes received by such broker-dealer in the Exchange
Offer (a “Participating Broker-Dealer”), whether such positions or policies have been publicly disseminated by the staff of the SEC or such positions or policies represent the prevailing views of the staff of the SEC. Such
“Plan of Distribution” section shall also expressly permit, to the extent permitted by applicable policies and regulations of the SEC, the use of the Prospectus by all Participating Broker-Dealers, and include a statement describing the
means by which Participating Broker-Dealers may resell the Exchange Securities in compliance with the Securities Act. 
 The
Issuers and the Guarantors shall use commercially reasonable efforts to keep the Exchange Offer Registration Statement effective and to amend and supplement the Prospectus contained therein in order to permit such Prospectus to be lawfully delivered
by all Persons subject to the prospectus delivery requirements of the Securities Act for such period of time as is necessary to comply with applicable law in connection with any resale of the Exchange Securities; provided, however,
that such period shall not be required to exceed 90 days, such longer period if extended pursuant to the last paragraph of Section 6 hereof (the “Applicable Period”). 

If, prior to consummation of the Exchange Offer, the Initial Purchasers hold any Notes acquired by them that have the status of
an unsold allotment in the initial distribution, the Issuers, upon the request of the Initial Purchasers, shall simultaneously with the delivery of the Exchange Notes issue and deliver to the Initial Purchasers, in exchange (the “Private
Exchange”) for such Notes held by any such Initial Purchasers, a like principal amount of the applicable series of notes (the “Private Exchange Notes”) of the Issuers, guaranteed by the Guarantors, if applicable, that are
identical in all material respects to the Exchange Notes except for the placement of a restrictive legend on such Private Exchange Notes. The Private Exchange Notes shall be issued pursuant to the same indenture as the Exchange Notes and bear the
same CUSIP number as the Exchange Notes if permitted by the CUSIP Global Services. 
 In connection with the Exchange Offer,
the Issuers shall: 
 (1)    deliver, or cause to be delivered, to each Holder of record entitled to
participate in the Exchange Offer a copy of the Prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related documents; 

(2)    use their commercially reasonable efforts to keep the Exchange Offer open for at least 20 Business
Days from the date that notice of the Exchange Offer is delivered to Holders of the applicable series of Notes (or longer if required by applicable law); 

(3)    [Reserved]; 

(4)    permit Holders to withdraw tendered Notes at any time prior to the close of business, New York time,
on the last Business Day on which the Exchange Offer remains open; and 
 (5)    otherwise comply in all
material respects with all laws, rules and regulations applicable to the Exchange Offer. 

  
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 As soon as practicable after the expiration of the Exchange Offer and any
Private Exchange, the Issuers shall: 
 (1)    accept for exchange all Registrable Securities validly
tendered and not validly withdrawn pursuant to the Exchange Offer and any Private Exchange; 

(2)    deliver to the applicable Trustee for cancellation all Registrable Securities so accepted for
exchange; and 
 (3)    cause the applicable Trustee to authenticate and deliver promptly to each Holder
of Notes, Exchange Notes or Private Exchange Notes, as the case may be, equal in principal amount to the applicable series of Notes of such Holder so accepted for exchange; provided that, in the case of any Notes held in global form by a
depositary, authentication and delivery to such depositary of one or more replacement Notes of the applicable series in global form in an equivalent principal amount thereto for the account of such Holders in accordance with the Indenture shall
satisfy such authentication and delivery requirement. 
 The Exchange Offer and the Private Exchange shall not be subject to
any conditions, other than that (i) the Exchange Offer or Private Exchange, as the case may be, does not violate applicable law or any applicable interpretation of the staff of the SEC; (ii) no action or proceeding shall have been
instituted or threatened in any court or by any governmental agency which might materially impair the ability of the Issuers and the Guarantors to proceed with the Exchange Offer or the Private Exchange, and no material adverse development shall
have occurred in any existing action or proceeding with respect to the Issuers or the Guarantors; (iii) all governmental approvals shall have been obtained, which approvals the Issuers deem necessary for the consummation of the Exchange Offer
or Private Exchange; and (iv) the accuracy of customary representations of the Holders and other representations as may reasonably be necessary under applicable SEC rules, regulations or interpretations, the satisfaction by the Holders of
customary conditions relating to the delivery of Exchange Securities and the Private Exchange Notes (and related guarantees) and the execution and delivery of customary documentation relating to the Exchange Offer. 

(c)    The Exchange Securities and the Private Exchange Notes (and related guarantees) shall be issued
under (i) the Indenture or (ii) an indenture identical in all material respects to the Indenture and which, in either case, has been qualified under the TIA or is exempt from such qualification and shall provide that the Exchange
Securities shall not be subject to the transfer restrictions set forth in the Indenture. The Indenture or such indenture shall provide that the Exchange Notes, the Private Exchange Notes and the Notes of a series outstanding shall vote and consent
together on all matters as one class and that none of the Exchange Notes, the Private Exchange Notes or the Notes outstanding of a series will have the right to vote or consent as a separate class on any matter. 

(d)    If, (i) because of any change in law or in currently prevailing interpretations of the staff of
the SEC, the Issuers are not permitted to effect the Exchange Offer, (ii) the Exchange Offer is not consummated within five years of the Issue Date, (iii) any holder of Private Exchange Notes so requests in writing to the Issuers at any
time within 30 days after the consummation of the Exchange Offer, or (iv) in the case of any Holder that participates in the Exchange Offer, such Holder does not receive Exchange Securities on the date of the exchange that may be sold without
restriction under state and federal securities laws (other than due solely to the status of such Holder as an affiliate of the Issuers within the meaning of the Securities Act) and so notifies the Issuers within 30 days after such Holder first
becomes aware of such restrictions, in the case of 

  
 -7- 

 
each of clauses (i) to and including (iv) of this sentence, then the Issuers shall promptly (but, for the avoidance of doubt, no earlier than the date that is five years after the Issue
Date) deliver to the applicable Trustee (to deliver to the Holders of the applicable series of Notes) written notice thereof (the “Shelf Notice”) and shall file a Shelf Registration pursuant to Section 3 hereof. 

3.       Shelf Registration 

If at any time a Shelf Notice is delivered as contemplated by Section 2(d) hereof, then: 

(a)    Shelf Registration. The Issuers shall as promptly as practicable file with the SEC a
Registration Statement for an offering to be made on a continuous basis pursuant to Rule 415 covering all of the Registrable Securities (the “Initial Shelf Registration”). The Issuers and the Guarantors shall use commercially
reasonable efforts to file with the SEC the Initial Shelf Registration on or prior to the Filing Date. The Initial Shelf Registration shall be on Form S-1, Form S-3 or
another appropriate form permitting registration of such Registrable Securities for resale by Holders in the manner or manners designated by them (including, without limitation, one or more underwritten offerings). 

The Issuers and the Guarantors shall use commercially reasonable efforts to cause the Shelf Registration to be declared
effective under the Securities Act on or prior to the Effectiveness Date and to keep the Initial Shelf Registration continuously effective under the Securities Act until the earliest of (i) the date that is seven years after the Issue Date,
(ii) such shorter period ending when all Registrable Securities covered by the Initial Shelf Registration have been sold in the manner set forth and as contemplated in the Initial Shelf Registration or, if applicable, a Subsequent Shelf
Registration or (iii) the date upon which all Registrable Securities are resold to the public pursuant to Rule 144 (the “Effectiveness Period”); provided, however, that the Effectiveness Period in respect of the
Initial Shelf Registration shall be extended to the extent required to permit dealers to comply with the applicable prospectus delivery requirements of Rule 174 under the Securities Act and as otherwise provided herein. Notwithstanding anything to
the contrary in this Agreement, at any time, the Issuers may delay the filing of any Initial Shelf Registration Statement or delay or suspend the effectiveness thereof, for a reasonable period of time, but not in excess of 90 consecutive days or
more than three (3) times during any calendar year (each, a “Shelf Suspension Period”), if the Boards of Directors of the Issuers determine reasonably and in good faith that the filing of any such Initial Shelf Registration
Statement or the continuing effectiveness thereof would require the disclosure of non-public material information that, in the reasonable judgment of the Boards of Directors of the Issuers, would be
detrimental to the Issuers if so disclosed or would otherwise materially adversely affect a financing, acquisition, disposition, merger or other material transaction or such disclosure is required by applicable law. 

Notwithstanding anything in this Agreement to the contrary, neither the Issuers nor the Guarantors shall be obligated to file a
Shelf Registration, or cause a Shelf Registration to be effective or continue to be effective, prior to the date that is five years after the Issue Date. 

(b)    Withdrawal of Stop Orders; Subsequent Shelf Registrations. If the Initial Shelf Registration
or any Subsequent Shelf Registration ceases to be effective for any reason at any time during the Effectiveness Period (other than because of the sale of all of the Securities registered thereunder or a Shelf Suspension Period), the Issuers and the
Guarantors shall use commercially reasonable efforts to obtain the prompt withdrawal of any order suspending the effectiveness thereof, and in any event shall file an additional Shelf Registration Statement pursuant to Rule 415 covering all of the
Registrable Securities covered by and not sold under the Initial Shelf Registration or an earlier Subsequent Shelf Registration (each, a “Subsequent Shelf Registration”). If a Subsequent Shelf Registration is filed, the Issuers
shall use commercially 

  
 -8- 

 
reasonable efforts to cause the Subsequent Shelf Registration to be declared effective under the Securities Act as soon as practicable after such filing and to keep such subsequent Shelf
Registration continuously effective for a period equal to the number of days in the Effectiveness Period less the aggregate number of days during which the Initial Shelf Registration or any Subsequent Shelf Registration was previously continuously
effective. As used herein the term “Shelf Registration” means the Initial Shelf Registration and any Subsequent Shelf Registration. 

(c)    Supplements and Amendments. The Issuers shall promptly supplement and amend the Shelf
Registration if required by the rules, regulations or instructions applicable to the registration form used for such Shelf Registration, if required by the Securities Act, or if reasonably requested by the Holders of a majority in aggregate
principal amount of the Registrable Securities (or their counsel) covered by such Registration Statement with respect to the information included therein with respect to one or more of such Holders, or, if reasonably requested by any underwriter of
such Registrable Securities, with respect to the information included therein with respect to such underwriter. 
 4.  
    [Reserved]. 
 5.       Additional Interest 

(a)    The Issuers, the Guarantors and the Initial Purchasers agree that the Holders will suffer damages if
the Issuers or the Guarantors fail to fulfill their respective obligations under Section 2 or Section 3 hereof and that it would not be feasible to ascertain the extent of such damages with precision. Accordingly, the Issuers and the
Guarantors agree to pay, jointly and severally, as liquidated damages, additional interest on the Registrable Securities of the applicable series of Notes (“Additional Interest”) if (A) the Issuers have neither
(i) exchanged Exchange Securities for all Securities of such series validly tendered in accordance with the terms of the Exchange Offer nor (ii) had a Shelf Registration Statement declared effective, in either case on or prior to the day
that is five years after the Issue Date or (B) if applicable, a Shelf Registration has been declared effective and such Shelf Registration ceases to be effective at any time during the Effectiveness Period (other than because of the sale of all
of the Securities registered thereunder), then Additional Interest shall accrue on the principal amount of the applicable series of Notes at a rate of 0.25% per annum (which rate will be increased by an additional 0.25% per annum for each subsequent
90-day period that such Additional Interest continues to accrue, provided that the rate at which such Additional Interest accrues may in no event exceed 1.00% per annum) (such Additional Interest to be
calculated by the Issuers) commencing on the (x) the day after the date that is five years after the Issue Date, in the case of (A) above or (y) the day such Shelf Registration (if required) ceases to be effective in the case of
(B) above; provided, however, that upon the exchange of the Exchange Securities for all Securities of such series tendered (in the case of clause (A) of this Section 5), or upon the effectiveness of the applicable Shelf
Registration Statement which had ceased to remain effective (in the case of (B) of this Section 5), Additional Interest on the Notes of such series in respect of which such events relate as a result of such clause (or the relevant
subclause thereof), as the case may be, shall cease to accrue. Notwithstanding any other provisions of this Section 5, none of the Issuers or the Guarantors shall be obligated to pay Additional Interest provided in Section 5(a)(B) during a
Shelf Suspension Period permitted by Section 3(a) hereof; provided, that no Additional Interest shall accrue on the Notes following the seventh anniversary of the Issue Date. 

Notwithstanding anything in this Agreement to the contrary, neither the Issuers nor the Guarantors shall be obligated to pay
any Additional Interest, and no Additional Interest shall accrue, on any series of Notes prior to the date that is five years after the Issue Date. 

  
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 (b)    The Issuers shall notify the applicable Trustee
within three business days after each and every date on which an event occurs in respect of which Additional Interest is required to be paid (an “Event Date”). Any amounts of Additional Interest due pursuant to clause (a) of
this Section 5 will be payable in cash semiannually on the interest payment dates stated in the Indenture with respect to the applicable series of Notes (to the holders of record of such series of Notes on the record dates stated in the
Indenture with respect to such series of Notes immediately preceding such dates), commencing with the first such date occurring after any such Additional Interest commences to accrue with respect to such series of Notes. The amount of Additional
Interest will be determined by the Issuers by multiplying the applicable Additional Interest rate by the principal amount of the applicable series of Registrable Securities, multiplied by a fraction, the numerator of which is the number of days such
Additional Interest rate was applicable during such period (determined on the basis of a 360 day year comprised of twelve 30 day months and, in the case of a partial month, the actual number of days elapsed), and the denominator of which is 360.

 6.       Registration Procedures 

In connection with the filing of any Registration Statement pursuant to Section 2 or 3 hereof, the Issuers shall effect
such registrations to permit the sale of the securities covered thereby in accordance with the intended method or methods of disposition thereof, and pursuant thereto and in connection with any Registration Statement filed by the Issuers hereunder,
the Issuers and the Guarantors shall: 
 (a)    Prepare and file with the SEC (prior to the applicable
Filing Date in the case of a Shelf Registration), a Registration Statement or Registration Statements as prescribed by Section 2 or 3 hereof, and use reasonable best efforts to cause each such Registration Statement to become effective and
remain effective as provided herein; provided, however, that if (1) such filing is pursuant to Section 3 hereof or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2
hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period relating thereto from whom the Issuers have received prior written notice that it will
be a Participating Broker-Dealer in the Exchange Offer, before filing any Registration Statement or Prospectus or any amendments or supplements thereto, the Issuers shall furnish to and afford counsel for the Holders of the Registrable Securities
covered by such Registration Statement (with respect to a Registration Statement filed pursuant to Section 3 hereof) or counsel for such Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be, and
counsel to the managing underwriters, if any, a reasonable opportunity to review copies of all such documents (including copies of any documents to be incorporated by reference therein and all exhibits thereto) proposed to be filed (in each case at
least three business days prior to such filing). The Issuers shall not file any Registration Statement or Prospectus or any amendments or supplements thereto if the Holders of a majority in aggregate principal amount of the Registrable Securities
covered by such Registration Statement, their counsel, or the managing underwriters, if any, shall reasonably object. 

(b)    Prepare and file with the SEC such amendments and post-effective amendments to each Shelf
Registration Statement or Exchange Offer Registration Statement, as the case may be, as may be necessary to maintain the effectiveness of such Registration Statement during the Effectiveness Period (other than during a Shelf Suspension Period), the
Applicable Period or until consummation of the Exchange Offer, 

  
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as the case may be; cause the related prospectus to be supplemented by any prospectus supplement required by applicable law, and as so supplemented to be filed pursuant to Rule 424; and comply
with the provisions of the Securities Act and the Exchange Act applicable to it with respect to the disposition of all securities covered by such Registration Statement as so amended or in such Prospectus as so supplemented and with respect to the
subsequent resale of any securities being sold by an Participating Broker-Dealer covered by any such Prospectus in all material respects. The Issuers and the Guarantors shall be deemed not to have used commercially reasonable efforts to keep a
Registration Statement effective if they voluntarily take any action that is reasonably expected to result in selling Holders of the Registrable Securities covered thereby or Participating Broker-Dealers seeking to sell Exchange Securities not being
able to sell such Registrable Securities or such Exchange Securities during that period unless such action is required by applicable law or permitted by this Agreement. 

(c)    If (1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period
relating thereto from whom the Issuers have received written notice that it will be a Participating Broker-Dealer in the Exchange Offer, notify the selling Holders of Registrable Securities (with respect to a Registration Statement filed pursuant to
Section 3 hereof), or each such Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be, their counsel and the managing underwriters, if any, promptly (but in any event within three Business Days), and
confirm such notice in writing, (i) when a Prospectus or any prospectus supplement or post-effective amendment has been filed, and, with respect to a Registration Statement or any post-effective amendment, when the same has become effective
under the Securities Act (including in such notice a written statement that any Holder may, upon request, obtain, at the sole expense of the Issuers, one conformed copy (which may be in electronic form) of such Registration Statement or
post-effective amendment including financial statements and schedules, documents incorporated or deemed to be incorporated by reference and exhibits), (ii) of the issuance by the SEC of any stop order suspending the effectiveness of a Registration
Statement or of any order preventing or suspending the use of any preliminary prospectus or the initiation of any proceedings for that purpose, (iii) if at any time when a prospectus is required by the Securities Act to be delivered in
connection with sales of the Registrable Securities or resales of Exchange Securities by Participating Broker-Dealers the representations and warranties of the Issuers contained in any agreement (including any underwriting agreement) contemplated by
Section 6(m) hereof cease to be true and correct, (iv) of the receipt by the Issuers of any notification with respect to the suspension of the qualification or exemption from qualification of a Registration Statement or any of the
Registrable Securities or the Exchange Securities to be sold by any Participating Broker-Dealer for offer or sale in any jurisdiction, or the initiation or threatening of any proceeding for such purpose, (v) of the happening of any event, the
existence of any condition or any information becoming known that makes any statement made in such Registration Statement or related Prospectus untrue in any material respect or that requires the making of any changes in or amendments or supplements
to such Registration Statement or Prospectus so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein not misleading, and that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to 

  
 -11- 

 
make the statements therein, in the light of the circumstances under which they were made, not misleading, and (vi) of the Issuers’ determination that a post-effective amendment to a
Registration Statement would be appropriate. 
 (d)    Use commercially reasonable efforts to prevent the
issuance of any order suspending the effectiveness of a Registration Statement or of any order preventing or suspending the use of a Prospectus or suspending the qualification (or exemption from qualification) of any of the Registrable Securities or
the Exchange Securities to be sold by any Participating Broker-Dealer, for sale in any jurisdiction. 

(e)    If a Shelf Registration is filed pursuant to Section 3 and if requested during the
Effectiveness Period by the managing underwriter or underwriters (if any) or the Holders of a majority in aggregate principal amount of the Registrable Securities being sold in connection with an underwritten offering, (i) as promptly as
practicable incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or underwriters (if any), such Holders or counsel for either of them reasonably request to be included therein,
(ii) make all required filings of such prospectus supplement or such post-effective amendment as soon as practicable after the Issuers have received notification of the matters to be incorporated in such prospectus supplement or post-effective
amendment, and (iii) supplement or make amendments to such Registration Statement. 
 (f)    If
(1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by
any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, furnish to each selling Holder of Registrable Securities (with respect to a Registration Statement filed pursuant to Section 3 hereof) and to
each such Participating Broker-Dealer who so requests (with respect to any such Registration Statement) and to its counsel and each managing underwriter, if any, at the sole expense of the Issuers, one conformed copy (which may be in electronic
form) of the Registration Statement or Registration Statements and each post-effective amendment thereto, including financial statements and schedules, and, if requested, all documents incorporated or deemed to be incorporated therein by reference
and all exhibits. 
 (g)    If (1) a Shelf Registration is filed pursuant to Section 3 hereof,
or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities
during the Applicable Period, deliver to each selling Holder of Registrable Securities (with respect to a Registration Statement filed pursuant to Section 3 hereof), or each such Participating Broker-Dealer (with respect to any such
Registration Statement), as the case may be, its counsel, and the underwriters, if any, at the sole expense of the Issuers, as many copies (which may be in electronic form) of the Prospectus or Prospectuses (including each form of preliminary
prospectus) and each amendment or supplement thereto and any documents incorporated by reference therein as such Persons may reasonably request; and, subject to the last paragraph of this Section 6, the Issuers hereby consent to the use of the
Prospectus contained in any Shelf Registration or Exchange Offer Registration Statement and each amendment or supplement thereto by each of the selling Holders of Registrable Securities or each such Participating Broker-Dealer, as the case may be,
and the underwriters or agents, if any, and dealers, if any, in connection with the offering and sale of the 

  
 -12- 

 
Registrable Securities covered by, or the sale by Participating Broker-Dealers of the Exchange Securities pursuant to, such Prospectus and any amendment or supplement thereto. 

(h)    Prior to any public offering of Registrable Securities or any delivery of a Prospectus contained in
the Exchange Offer Registration Statement by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, use reasonable best efforts to register or qualify, and to cooperate with the selling Holders of
Registrable Securities or each such Participating Broker-Dealer, as the case may be, the managing underwriter or underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such
registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any selling Holder, Participating Broker-Dealer, or the managing underwriter or
underwriters reasonably request in writing; provided, however, that where Exchange Securities held by Participating Broker-Dealers or Registrable Securities are offered other than through an underwritten offering, the Issuers agree to
cause their counsel to perform Blue Sky investigations and file registrations and qualifications required to be filed pursuant to this Section 6(h), keep each such registration or qualification (or exemption therefrom) effective during the
period such Registration Statement is required to be kept effective and do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the Exchange Securities held by Participating Broker-Dealers or the
Registrable Securities covered by the applicable Registration Statement; provided, further, however, that none of the Issuers or the Guarantors shall be required to (A) qualify generally to do business in any jurisdiction
where they are not then so qualified, (B) take any action that would subject them to general service of process in any such jurisdiction where they are not then so subject or (C) subject themselves to taxation in any such jurisdiction
where they are not then so subject. 
 (i)    If a Shelf Registration is filed pursuant to Section 3
hereof, cooperate with the selling Holders of Registrable Securities and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which
certificates shall not bear any restrictive legends and shall be in a form eligible for deposit with The Depository Trust Company; and enable such Registrable Securities to be in such denominations (subject to applicable requirements contained in
the Indenture) and registered in such names as the managing underwriter or underwriters, if any, or Holders may request. 

(j)    Use reasonable best efforts to cause the Registrable Securities covered by the Registration
Statement to be registered with or approved by such other U.S. 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, except as may be required solely as a consequence of the nature of such selling Holder’s business, in which case the Issuers will cooperate in all respects with the filing of such Registration Statement and the granting
of such approvals. 
 (k)    If (1) a Shelf Registration is filed pursuant to Section 3 hereof,
or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities
during the Applicable Period, upon the occurrence of any event contemplated by paragraph 6(c)(v) or 6(c)(vi) hereof, as 

  
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promptly as practicable prepare and (subject to Section 6(a) hereof) file with the SEC, at the sole expense of the Issuers, a supplement or post-effective amendment to the Registration
Statement or a supplement to the related Prospectus or any document incorporated therein by reference, or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder (with
respect to a Registration Statement filed pursuant to Section 3 hereof) or to the purchasers of the Exchange Securities to whom such Prospectus will be delivered by a Participating Broker-Dealer (with respect to any such Registration
Statement), any such Prospectus will not contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.

 (l)    Prior to the effective date of the first Registration Statement relating to the Registrable
Securities, (i) provide the applicable Trustee with certificates for the Registrable Securities in a form eligible for deposit with The Depository Trust Company and (ii) provide a CUSIP number for the applicable series of Registrable
Securities. 
 (m)    In connection with any underwritten offering of Registrable Securities pursuant to
a Shelf Registration, enter into an underwriting agreement as is customary in underwritten offerings of debt securities similar to the Securities (including, without limitation, a customary condition to the obligations of the underwriters that the
underwriters shall have received “comfort” letters and updates thereof in form, scope and substance reasonably satisfactory to the managing underwriter or underwriters from the independent certified public accountants of the Issuers (and,
if necessary, any other independent certified public accountants of the Issuers, or of any business acquired by the Issuers, for which financial statements and financial data are, or are required to be, included or incorporated by reference in the
Registration Statement), addressed to representatives of the underwriters, such letters to be in customary form and covering matters of the type customarily covered in “comfort” letters in connection with underwritten offerings of debt
securities similar to the Securities), and take all such other actions as are reasonably requested by the managing underwriter or underwriters in order to expedite or facilitate the registration or the disposition of such Registrable Securities and,
in such connection, (i) make such representations and warranties to, and covenants with, the underwriters with respect to the business of the Issuers (including any acquired business, properties or entity, if applicable), and the Registration
Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, as are customarily made by Issuers to underwriters in underwritten offerings of debt securities similar to the Securities;
(ii) obtain a written opinion of counsel to the Issuers, and written updates thereof in form, scope and substance reasonably satisfactory to the managing underwriter or underwriters, addressed to representatives of the underwriters covering the
matters customarily covered in opinions reasonably requested in underwritten offerings; and (iii) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures substantially consistent with those
set forth in Section 8 hereof, taken as a whole (or such other provisions and procedures reasonably acceptable to Holders of a majority in aggregate principal amount of the applicable series of Registrable Securities covered by such
Registration Statement and the managing underwriter or underwriters or agents, if any). The above shall be done at each closing under such underwriting agreement, or as and to the extent required thereunder. 

  
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 (n)    If (1) a Shelf Registration is filed
pursuant to Section 3 hereof, or (2) a Prospectus contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the Securities Act by any Participating Broker-Dealer who
seeks to sell Exchange Securities during the Applicable Period, make available for inspection by any Initial Purchaser, any selling Holder of such Registrable Securities being sold (with respect to a Registration Statement filed pursuant to
Section 3 hereof), or each such Participating Broker-Dealer, as the case may be, any underwriter participating in any such disposition of Registrable Securities, if any, and any attorney, accountant or other agent retained by any such selling
Holder or each such Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be, or underwriter who, in each case, shall certify to the Issuers that they have, or, in the case of any attorney, accountant or
other agent, that they are acting on behalf of one or more Selling Holders, Participating Broker-Dealers or underwriters, as applicable, who has a current intention to sell Registrable Securities pursuant to the Shelf Registration (any such Initial
Purchasers, Holders, Participating Broker-Dealers, underwriters, attorneys, accountants or agents, collectively, the “Inspectors”), upon written request, at the offices where normally kept, during reasonable business hours, all
pertinent financial and other records, pertinent corporate documents and instruments of the Issuers and subsidiaries of the Issuers (collectively, the “Records”), as shall be reasonably necessary, in the opinion of counsel for such
Inspector, to enable them to exercise any applicable due diligence responsibilities, and cause the officers, directors and employees of the Issuers and any of its subsidiaries to supply all information (“Information”) reasonably
requested by any such Inspector in connection with such due diligence responsibilities. Each Inspector shall agree in writing that it will keep the Records and Information confidential, to use the Information only for due diligence purposes, to
abstain from using the Information as the basis for any market transactions in securities of the Issuers, the Guarantors or any of their respective subsidiaries and that it will not disclose any of the Records or Information that the Issuers
determine, in good faith, to be confidential and notifies the Inspectors in writing are confidential unless (i) the disclosure of such Records or Information is necessary to avoid or correct a material misstatement or material omission in such
Registration Statement or Prospectus, (ii) the release of such Records or Information is ordered pursuant to a subpoena or other order from a court of competent jurisdiction, (iii) disclosure of such Records or Information is necessary or
advisable, in the opinion of counsel for any Inspector, in connection with any action, claim, suit or proceeding, directly or indirectly, involving or potentially involving such Inspector and arising out of, based upon, relating to, or involving
this Agreement or the Purchase Agreement, or any transactions contemplated hereby or thereby or arising hereunder or thereunder, or (iv) the information in such Records or Information has been made generally available to the public other than
by an Inspector or an “affiliate” (as defined in Rule 405) thereof; provided, however, that prior notice shall be provided as soon as practicable to the Issuers of the potential disclosure of any information by such Inspector
pursuant to clauses (i) or (ii) of this sentence to permit the Issuers to obtain a protective order (or waive the provisions of this paragraph (n)) and that such Inspector shall take such actions as are reasonably necessary to protect the
confidentiality of such information (if practicable) to the extent such action is otherwise not inconsistent with, an impairment of or in derogation of the rights and interests of the Holder or any Inspector. 

(o)    Provide an indenture trustee for the Registrable Securities or the Exchange Securities, as the case
may be, and cause the Indenture or the trust indentures provided for in Section 2(a) hereof, as the case may be, to be qualified under the TIA not later than the effective date of the first Registration Statement relating to the Registrable

  
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Securities; and in connection therewith, cooperate with the trustee under any such indentures and the Holders of the Registrable Securities, to effect such changes (if any) to such indentures as
may be required for such indentures to be so qualified in accordance with the terms of the TIA; and execute, and use its commercially reasonable best efforts to cause such trustee to execute, all documents as may be required to effect such changes,
and all other forms and documents required to be filed with the SEC to enable such indenture to be so qualified in a timely manner. 

(p)    Comply in all material respects with all applicable rules and regulations of the SEC and make
generally available to its securityholders with regard to any applicable Registration Statement, a consolidated earning statement satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule
promulgated under the Securities Act) no later than 45 days after the end of any fiscal quarter of Holdings (or 90 days after the end of any 12-month period if such period is a fiscal year of
Holdings) (i) commencing at the end of any fiscal quarter of Holdings in which Registrable Securities are sold to underwriters in a firm commitment or best efforts underwritten offering and (ii) if not sold to underwriters in such an
offering, commencing on the first day of the first fiscal quarter of Holdings, after the effective date of a Registration Statement, which statements shall cover said 12-month periods; provided that
this requirement shall be deemed satisfied by the Issuers complying with Section 4.03 of the Indenture. 

(q)    Upon consummation of the Exchange Offer or a Private Exchange, obtain an opinion of counsel to the
Issuers, in a form customary for underwritten transactions, addressed to the applicable Trustee for the benefit of all Holders of Registrable Securities participating in the Exchange Offer or the Private Exchange, as the case may be, that the
Exchange Securities or Private Exchange Notes (and the related Guarantees), as the case may be, the related guarantee, if applicable, and the related indenture constitute legal, valid and binding obligations of the Issuers and the Guarantors, as
applicable, enforceable against the Issuers and the Guarantors, as applicable, in accordance with their respective terms, subject to customary exceptions and qualifications. If the Exchange Offer or a Private Exchange is to be consummated, upon
delivery of the Registrable Securities by Holders to the Issuers (or to such other Person as directed by the Issuers), in exchange for the applicable series of Exchange Securities or the Private Exchange Notes (and the related Guarantees), as the
case may be, the Issuers shall mark, or cause to be marked, on such Registrable Securities that such Registrable Securities are being cancelled in exchange for the applicable series of Exchange Securities or the Private Exchange Notes (and the
related Guarantees), as the case may be; in no event shall such Registrable Securities be marked as paid or otherwise satisfied. 

(r)    Use reasonable efforts to cooperate with each seller of Registrable Securities covered by any
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 Financial Industry Regulatory Authority
Inc. (“FINRA”). 
 (s)    Use reasonable efforts to take all other steps reasonably
necessary to effect the registration of the Exchange Securities and/or Registrable Securities covered by a Registration Statement contemplated hereby. 

  
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 The Issuers may require each seller of Registrable Securities as to which
any registration is being effected to furnish to the Issuers such information regarding such seller and the distribution of such Registrable Securities as the Issuers may, from time to time, reasonably request. The Issuers may exclude from such
registration the Registrable Securities of any seller so long as such seller fails to furnish such information within a reasonable time after receiving such request. Each seller as to which any Shelf Registration is being effected agrees to furnish
promptly to the Issuers all information required to be disclosed in order to make the information previously furnished to the Issuers by such seller so that any prospectus relating to such Shelf Registration shall not contain, with respect to such
Seller, an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. 

If any such Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Issuers,
then such Holder shall have the right to require (i) the insertion therein of language, in form and substance reasonably satisfactory to such Holder, to the effect that the holding by such Holder of such securities is not to be construed as a
recommendation by such Holder of the investment quality of the securities covered thereby and that such holding does not imply that such Holder will assist in meeting any future financial requirements of the Issuers, or (ii) in the event that
such reference to such Holder by name or otherwise is not required by the Securities Act or any similar federal statute then in force, the deletion of the reference to such Holder in any amendment or supplement to the Registration Statement filed or
prepared subsequent to the time that such reference ceases to be required. 
 Each Holder of Registrable Securities and each
Participating Broker-Dealer agrees by its acquisition of such Registrable Securities or Exchange Securities to be sold by such Participating Broker-Dealer, as the case may be, that, upon actual receipt of any notice from the Issuers of the happening
of any event of the kind described in Section 6(c)(ii), 6(c)(iv), 6(c)(v), or 6(c)(vi) hereof, such Holder or Participating Broker-Dealer will forthwith discontinue disposition of such Registrable Securities covered by such Registration
Statement or Prospectus or Exchange Securities to be sold by such Holder or Participating Broker-Dealer, as the case may be, until such Holder’s or Participating Broker-Dealer’s receipt of the copies of the supplemented or amended
Prospectus contemplated by Section 6(k) hereof, or until it is advised in writing (the “Advice”) by the Issuers that the use of the applicable Prospectus may be resumed, and has received copies of any amendments or supplements
thereto. In the event that the Issuers shall give any such notice, each of the Applicable Period and the Effectiveness Period shall be extended by the number of days during such periods 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 or Exchange Securities to be sold by such Participating Broker-Dealer, as the case may be, shall have received (x) the copies of the
supplemented or amended Prospectus contemplated by Section 6(k) hereof or (y) the Advice. 
 7.  
    Registration Expenses 
 All fees and expenses incident to the performance of or compliance
with this Agreement by the Issuers or the Guarantors of their respective obligations under Sections 2, 3, 6 and 9 shall be borne by the Issuers and the Guarantors, whether or not the Exchange Offer Registration Statement or any Shelf Registration
Statement is filed or becomes effective or the Exchange Offer is consummated, including, without limitation, (i) all registration and filing fees (including, 

  
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without limitation, (A) fees with respect to filings required to be made with the FINRA in connection with an underwritten offering and (B) fees and expenses of compliance with state
securities or Blue Sky laws (including, without limitation, reasonable fees and disbursements of counsel in connection with Blue Sky qualifications of the Registrable Securities or Exchange Securities and determination of the eligibility of the
Registrable Securities or Exchange Securities for investment under the laws of such jurisdictions in the United States (x) where the holders of Registrable Securities are located, in the case of the Exchange Securities, or (y) as provided
in Section 6(h) hereof, in the case of Registrable Securities or Exchange Securities to be sold by a Participating Broker-Dealer during the Applicable Period)), (ii) printing expenses, including, without limitation, printing prospectuses
if the printing of prospectuses is requested by the managing underwriter or underwriters, if any, or by the Holders of a majority in aggregate principal amount of the Registrable Securities included in any Registration Statement or if the Prospectus
is in respect of Registrable Securities or Exchange Securities to be sold by any Participating Broker-Dealer during the Applicable Period, as the case may be, (iii) fees and expenses of the applicable Trustee, any exchange agent and their
counsel, (iv) fees and disbursements of counsel for the Issuers and, in the case of a Shelf Registration, reasonable fees and disbursements of one special counsel for all of the sellers of Registrable Securities selected by the Holders of a
majority in aggregate principal amount of Registrable Securities covered by such Shelf Registration (which counsel shall be reasonably satisfactory to the Issuers) exclusive of any counsel retained pursuant to Section 8 hereof, (v) fees
and disbursements of all independent certified public accountants referred to in Section 6(m) hereof (including, without limitation, the expenses of any “comfort” letters required by or incident to such performance), (vi) rating
agency fees, if any, and any fees associated with making the Registrable Securities or Exchange Securities eligible for trading through The Depository Trust Company, (vii) Securities Act liability insurance, if the Issuers desire such
insurance, (viii) fees and expenses of all other Persons retained by the Issuers, (ix) internal expenses of the Issuers and the Guarantors (including, without limitation, all salaries and expenses of officers and employees of the Issuers
and the Guarantors performing legal or accounting duties), (x) the expense of any annual audit, (xi) any fees and expenses incurred in connection with the listing of the securities to be registered on any securities exchange, and the obtaining
of a rating of the securities, in each case, if applicable and (xii) the expenses relating to printing, word processing and distributing all Registration Statements, underwriting agreements, indentures and any other documents necessary in order
to comply with this Agreement. 
 8.       Indemnification and Contribution 

(a)    The Issuers and the Guarantors, jointly and severally, agree to indemnify and hold harmless each
Holder of Registrable Securities and each Participating Broker-Dealer selling Exchange Securities during the Applicable Period, and each Person, if any, who controls such Person within the meaning of Section 15 of the Act or Section 20 of
the Exchange Act (each, a “Participant”) against any losses, claims, damages or liabilities, joint or several, to which any Participant may become subject under the Securities Act, the Exchange Act or otherwise, insofar as any such
losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon: 

(i)    any untrue statement or alleged untrue statement of any material fact contained in any Registration
Statement (or any amendment thereto) or Prospectus included therein (as amended or supplemented if the Issuers shall have furnished any amendments or supplements thereto) or any preliminary prospectus; or 

  
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 (ii)    the omission or alleged omission to state, in
any Registration Statement (or any amendment thereto) or Prospectus included therein (as amended or supplemented if the Issuers shall have furnished any amendments or supplements thereto) or any preliminary prospectus or any other document or any
amendment or supplement thereto, in respect of such Registration Statement (or any amendment thereto), a material fact required to be stated therein or necessary to make the statements therein not misleading, or, in respect of such Prospectus (or
any amendment or supplement thereto), a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. 

except, in each case, insofar as such losses, claims, damages or liabilities are arising out of or based upon any untrue statement or omission
or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to any Initial Purchaser or any Holder furnished to the Issuers in writing through the Initial Purchasers or any selling Holder expressly
for use therein; 
 and agree (subject to the limitations set forth in the proviso to this sentence) to reimburse, as incurred, the
Participant for any reasonable legal or other out of pocket expenses incurred by the Participant in connection with investigating, defending against or appearing as a third-party witness in connection with any such loss, claim, damage, liability or
action; provided, however, neither the Issuers nor the Guarantors will be liable in any such case to the extent that any such loss, claim, damage, or liability arises out of or is based upon any untrue statement or alleged untrue
statement or omission or alleged omission made in any Registration Statement (or any amendment thereto) or Prospectus (as amended or supplemented if the Issuers shall have furnished any amendments or supplements thereto) or any preliminary
prospectus or any amendment or supplement thereto in reliance upon and in conformity with written information relating to any Participant furnished to the Issuers by such Participant specifically for use therein. The indemnity provided for in this
Section 8 will be in addition to any liability that the Issuers may otherwise have to the indemnified parties. The Issuers and the Guarantors shall not be liable under this Section 8 to any indemnified party regarding any settlement or
compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified parties are
actual or potential parties to such claim or action) unless such settlement, compromise or consent is consented to by the Issuers and the Guarantors, which consent shall not be unreasonably withheld. 

(b)    Each Participant, severally and not jointly, agrees to indemnify and hold harmless the Issuers, the
Guarantors, their respective directors (or equivalent), their respective officers who sign any Registration Statement, affiliates and each person, if any, who controls the Issuers within the meaning of Section 15 of the Act or Section 20
of the Exchange Act against any losses, claims, damages or liabilities to which the Issuers, the Guarantors or any such director, officer, affiliate or controlling person may become subject under the Act, the Exchange Act or otherwise, insofar as
such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in any Registration Statement or Prospectus, any
amendment or supplement thereto, or any preliminary prospectus, or (ii) the omission or the alleged omission to state therein a material fact necessary to make the statements therein not misleading, 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 reliance upon and in conformity with written information concerning such Participant, furnished to the Issuers by or on behalf of such
Participant, specifically for use therein; and subject to the limitation set forth immediately 

  
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preceding this clause, will reimburse, as incurred, any reasonable legal or other expenses incurred by the Issuers, the Guarantors or any such director, officer, affiliate or controlling person
in connection with investigating or defending against or appearing as a third party witness in connection with any such loss, claim, damage, liability or action in respect thereof. The indemnity provided for in this Section 8 will be in
addition to any liability that the Participants may otherwise have to the indemnified parties. The Participants shall not be liable under this Section 8 to any indemnified party regarding any settlement or compromise or consent to the entry of
any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such
claim or action) unless such settlement, compromise or consent is consented to by the Participants, which consent shall not be unreasonably withheld. 

(c)    Promptly after receipt by an indemnified party under this Section 8 of written notice of the
commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 8, notify the indemnifying party of the commencement thereof in writing; but the omission to
so notify the indemnifying party (i) will not relieve it from any liability under paragraph (a) or (b) above unless and to the extent it did not otherwise learn of such action and such failure materially prejudices the indemnifying party
(through the forfeiture of substantive rights and defenses) and (ii) will not, in any event, relieve the indemnifying party from any obligations to any indemnified party other than the indemnification obligation provided in paragraphs
(a) and (b) above. The indemnifying party shall be entitled to appoint counsel (including local counsel) of the indemnifying party’s choice at the indemnifying party’s expense to represent the indemnified party in any action for which
indemnification is sought (in which case the indemnifying party shall not thereafter be responsible for the fees and expenses of any separate counsel, other than local counsel if not appointed by the indemnifying party, retained by the indemnified
party or parties except as set forth below); provided, however, that such counsel shall be reasonably satisfactory to the indemnified party. Notwithstanding the indemnifying party’s election to appoint counsel (including local
counsel) to represent the indemnified party in an action, the indemnified party shall have the right to employ separate counsel (including local counsel), and the indemnifying party shall bear the reasonable fees, costs and expenses of such separate
counsel if (i) the use of counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest (based on the advice of counsel to the indemnified person); (ii) such action includes
both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded (based on the advice of counsel to the indemnified person) that there may be legal defenses available to it and/or other indemnified
parties that are different from or additional to those available to the indemnifying party; (iii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within
a reasonable time after notice of the institution of such action; or (iv) the indemnifying party shall authorize the indemnified party to employ separate counsel at the expense of the indemnifying party. It is understood and agreed that the
indemnifying person shall not, in connection with any proceeding or separate but related or substantially similar proceedings in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the reasonable fees
and expenses of more than one separate firm (in addition to any local counsel that is required to effectively defend against any such proceedings) representing the indemnified parties under paragraph (a) or paragraph (b) of this
Section 8, as the case may be, who are parties to such action or actions. Any such separate firm for any Participants shall be designated in writing by Participants who sold a majority in aggregate principal amount of the Registrable Securities
and Exchange Securities sold by all such Participants in the case of paragraph (a) of this Section 8 or the Issuers in the case of paragraph (b) of this Section 8. In the event that any

  
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Participants are indemnified persons collectively entitled, in connection with a proceeding or separate but related or substantially similar proceedings in a single jurisdiction, to the payment
of fees and expenses of a single separate firm under this Section 8(c), and any such Participants cannot agree to a mutually acceptable separate firm to act as counsel thereto, then such separate firm for all such indemnified parties shall be
designated in writing by Participants who sold a majority in aggregate principal amount of the Registrable Securities and Exchange Securities sold by all such Participants. An indemnifying party will not, without the prior written consent of the
indemnified parties, settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not
the indemnified parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent includes an unconditional release of each indemnified party from all liability arising out of such claim, action, suit or
proceeding and does not include any statement as to, or any admission of, fault, culpability or failure to act by or on behalf of any indemnified party. All fees and expenses reimbursed pursuant to this paragraph (c) shall be reimbursed as they
are incurred. 
 (d)    After notice from the indemnifying party to such indemnified party of its
election so to assume the defense thereof and approval by such indemnified party of counsel appointed to defend such action, the indemnifying party will not be liable to such indemnified party under this Section 8 for any legal or other
expenses, other than reasonable costs of investigation, subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed separate counsel in accordance with the third
sentence of paragraph (c) of this Section 8 or (ii) the indemnifying party has authorized in writing the employment of counsel for the indemnified party at the expense of the indemnifying party. After such notice from the indemnifying
party to such indemnified party, the indemnifying party will not be liable for the costs and expenses of any settlement of such action effected by such indemnified party without the prior written consent of the indemnifying party (which consent
shall not be unreasonably withheld), unless such indemnified party waived in writing its rights under this Section 8, in which case the indemnified party may effect such a settlement without such consent. 

(e)    In circumstances in which the indemnity agreement provided for in the preceding paragraphs of this
Section 8 is unavailable to, or insufficient to hold harmless, an indemnified party in respect of any losses, claims, damages or liabilities (or actions in respect thereof) (other than by virtue of the failure of an indemnified party to notify
the indemnifying party of its right to indemnification pursuant to paragraph (a) or (b) of this Section 8, where such failure materially prejudices the indemnifying party (through the forfeiture of substantive rights or defenses)), each
indemnifying party, in order to provide for just and equitable contribution, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such
proportion as is appropriate to reflect (i) the relative benefits received by the indemnifying party or parties on the one hand and the indemnified party on the other from the offering of the Securities or (ii) if the allocation provided
by the foregoing clause (i) is not permitted by applicable law, not only such relative benefits but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on the other in connection with the
statements or omissions or alleged statements or omissions that resulted in such losses, claims, damages or liabilities (or actions in respect thereof). The relative benefits received by the Issuers and the Guarantors on the one hand and such
Participant on the other shall be deemed to be in the same proportion that the total net proceeds from the offering (before deducting expenses) of the Securities received by the Issuers bear to the total discounts and commissions received by such
Participant in connection with the sale of the Securities (or if such Participant did not receive discounts or commissions, the value of 

  
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receiving the Securities, Private Exchange Securities or Exchange Securities registered under the Securities Act). The relative fault of the parties shall be determined by reference to, among
other things, whether the 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 Issuers and the Guarantors on the one hand, or the Participants on
the other, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission or alleged statement or omission, and any other equitable considerations appropriate in the
circumstances. The parties agree that it would not be equitable if the amount of such contribution were determined by pro rata or per capita allocation or by any other method of allocation that does not take into account the equitable considerations
referred to in the first sentence of this paragraph (e). Notwithstanding any other provision of this paragraph (e), no Participant shall be obligated to make contributions hereunder that in the aggregate exceed the total discounts, commissions and
other compensation or net proceeds on the sale of Securities received by such Participant in connection with the sale of the Securities, less the aggregate amount of any damages that such Participant has otherwise been required to pay by reason of
the untrue or alleged untrue statements or the omissions or alleged omissions to state a material fact, and 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. For purposes of this paragraph (d), each person, if any, who controls a Participant within the meaning of Section 15 of the Securities Act or Section 20
of the Exchange Act shall have the same rights to contribution as the Participants, and each director of the Issuers and the Guarantors, each officer of the Issuers and the Guarantors and each person, if any, who controls any of the Issuers and the
Guarantors within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, shall have the same rights to contribution as the Issuers. 

9.       Rule 144A 

The Issuers covenant and agree that they will use reasonable best efforts to 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 in a timely manner in accordance with the requirements of the Securities Act and the Exchange Act (it being understood that the foregoing shall be
deemed to be satisfied upon the filing of any reports by Holdings as required by the Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder, so long as Holdings remains a Guarantor under the Notes) and, if at
any time the Issuers are not required to file such reports, the Issuers will, upon the reasonable request of any Holder or beneficial owner of Registrable Securities, make available such information necessary to permit sales pursuant to Rule 144A.
The Issuers further covenant and agree, for so long as any Registrable Securities remain outstanding that they will take such further action as any Holder of Registrable Securities may reasonably request, all to the extent required from time to time
to enable such holder to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144A unless the Issuers are then subject to Section 13 or 15(d) of the Exchange Act and
reports filed thereunder satisfy the information requirements of Rule 144A then in effect. 
 10.     Underwritten
Registrations 
 The Issuers and the Guarantors shall not be required to assist in an underwritten offering unless
requested by the Holders of a majority in aggregate principal amount of the Registrable Securities. If any of the Registrable Securities covered by any Shelf Registration are to be sold in an underwritten offering, the investment banker or
investment bankers and manager or managers that will manage the offering will be selected by the Holders of a majority in aggregate principal amount of such Registrable Securities included in such offering and shall be reasonably acceptable to the
Issuers. 

  
 -22- 

 No Holder of Registrable Securities may participate in any underwritten
registration hereunder unless such Holder (a) agrees to sell such Holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and
(b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements. 

11.     Miscellaneous 

(a)    No Inconsistent Agreements. The Issuers and the Guarantors shall not enter into any agreement
with respect to any of its securities that is inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions hereof. The rights granted to the Holders hereunder do not in
any way conflict with and are not inconsistent with the rights granted to the holders of the Issuers’ other issued and outstanding securities under any such agreements. The Issuers and the Guarantors shall not enter into any agreement (other
than this Agreement) with respect to any of the Securities which will grant to any Person piggy-back registration rights with respect to any Registration Statement. 

(b)    Adjustments Affecting Registrable Securities. The Issuers and the Guarantors shall not,
directly or indirectly, take any action with respect to the Registrable Securities as a class that would adversely affect the ability of the Holders of Registrable Securities to include such Registrable Securities in a registration undertaken
pursuant to this Agreement. 
 (c)    Amendments and Waivers. The provisions of this Agreement
with respect to each series of Notes may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, otherwise than with the prior written consent of (I) the Issuers, and
(II) (A) the Holders of not less than a majority in aggregate principal amount of the then outstanding Registrable Securities of such series of Notes and (B) in circumstances that would adversely affect the Participating Broker-Dealers,
the Participating Broker-Dealers holding not less than a majority in aggregate principal amount of the applicable series of Exchange Notes held by all Participating Broker-Dealers; provided, however, that Section 8 and this
Section 11(c) may not be amended, modified or supplemented without the prior written consent of each Holder and each Participating Broker-Dealer (including any person who was a Holder or Participating Broker-Dealer of Registrable Securities or
Exchange Securities, as the case may be, disposed of pursuant to any Registration Statement) affected by any such amendment, modification or supplement. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with
respect to a matter that relates exclusively to the rights of Holders of Registrable Securities of a series of Notes whose securities are being sold pursuant to a Registration Statement and that does not directly or indirectly affect, impair, limit
or compromise the rights of other Holders of Registrable Securities of such series that are not being sold pursuant to such Registration Statement may be given by Holders of at least a majority in aggregate principal amount of the Registrable
Securities of the applicable series of Notes being sold pursuant to such Registration Statement. 

(d)    Notices. All notices and other communications (including, without limitation, any notices or
other communications to the applicable Trustee) provided for or permitted hereunder shall be made in writing by hand-delivery, registered first-class mail, next-day air courier or facsimile: 

  
 -23- 

 (i)    if to a Holder of the Registrable Securities or
any Participating Broker-Dealer, at the most current address of such Holder or Participating Broker-Dealer set forth on the records of the registrar under the Indenture, with a copy in like manner to the Initial Purchasers as follows: 

BofA Securities, Inc. 

50 Rockefeller Plaza 

NY1-050-12-01

 New York, New York 10020 

Attention: High Grade Transaction Management/Legal 

with a copy to: 

Cahill Gordon & Reindel LLP 

80 Pine Street 

New York, New York 10005 

Attention: Douglas Horowitz, Esq. and Joshua Zelig, Esq. 

(ii)    if to the Initial Purchasers, at the address specified in Section 11(d)(i); 

(iii)    if to the Issuers, at the address as follows: 

Dell Inc. 

One Dell Way, RR1-33 

Round Rock, Texas 78682 

Attention: Robert Potts 

with a copy to: 

Simpson Thacher & Bartlett LLP 

425 Lexington Ave. 

New York, New York 10017 

Attention: Kenneth B. Wallach, Esq., Hui Lin, Esq. and Will Golden, Esq. 

All such notices and communications shall be deemed to have been duly given: when delivered by hand, if personally delivered;
five Business Days after being deposited in the mail, postage prepaid, if mailed; one Business Day after being timely delivered to a next-day air courier; and upon written confirmation, if sent by facsimile.

 Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same
to the Trustee at the address and in the manner specified in such Indenture. 
 (e)    Sole
Remedy. Notwithstanding anything in this Agreement to the contrary, except as provided in Section 8, the payment of Additional Interest as set forth in Section 5 shall be the sole and exclusive remedy available to any party to this
Agreement, the Holders of Registrable Securities and Participating Broker-Dealers for any failure by any of the Issuers or the Guarantors to perform its or their obligations under this Agreement and each of the parties hereto and, by its acceptance
of Notes, Exchange Notes or Private Exchange Notes, each Holder of Registrable Securities and each Participating Broker-Dealer agree that such parties, the Holders of Registrable Securities and Participating Broker-Dealers shall not be entitled to
any other remedy for such failure, including, without limitation, specific performance of any obligation or term of this Agreement. 

  
 -24- 

 (f)    Successors and Assigns. This Agreement
shall inure to the benefit of and be binding upon the successors and assigns of each of the parties hereto, the Holders and the Participating Broker-Dealers; provided, however, that nothing herein shall be deemed to permit any
assignment, transfer or other disposition of Registrable Securities in violation of the terms of the Purchase Agreement or the Indenture. 

(g)    Counterparts. This Agreement may be executed in any number of counterparts and by the parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. The words “execution,” “signed,”
“signature,” “delivery,” and words of like import in or relating to this Agreement or any document to be signed in connection with this Agreement shall be deemed to include electronic signatures, deliveries or the keeping of
records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, and the parties
hereto consent to conduct the transactions contemplated hereunder by electronic means. 

(h)    Headings. The headings in this Agreement are for convenience of reference only and shall not
limit or otherwise affect the meaning hereof. 
 (i)    Governing Law. THIS AGREEMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. EACH OF THE PARTIES HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT. 

(j)    Severability. If any term, provision, covenant or restriction of this Agreement is held by a
court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or
invalidated, and the parties hereto shall use their best efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby
stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or
unenforceable. 
 (k)    Notes Held by the Issuers or their Affiliates. Whenever the consent or
approval of Holders of a specified percentage of Registrable Securities is required hereunder, Registrable Securities held by the Issuers or their affiliates (as such term is defined in Rule 405 under the Securities Act) shall not be counted in
determining whether such consent or approval was given by the Holders of such required percentage. 

(l)    Third-Party Beneficiaries. Holders of Registrable Securities and Participating Broker-Dealers
are intended third-party beneficiaries of this Agreement, and this Agreement may be enforced by such Persons. 

(m)    Entire Agreement. This Agreement, together with the Purchase Agreement and the Indenture, is
intended by the parties as a final and exclusive statement of the agreement and 

  
 -25- 

 
understanding of the parties hereto in respect of the subject matter contained herein and therein and any and all prior oral or written agreements, representations, or warranties, contracts,
understandings, correspondence, conversations and memoranda between the Holders on the one hand and the Issuers and the Guarantors on the other, or between or among any agents, representatives, parents, subsidiaries, affiliates, predecessors in
interest or successors in interest with respect to the subject matter hereof and thereof are merged herein and replaced hereby. 
 [Signature
Page Follows] 

  
 -26- 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. 
  

							
		 	Very truly yours,
			
		 		 	DELL INTERNATIONAL L.L.C.
				
		 		 	By:	 	 /s/ Robert L. Potts

		 		 	Name:	 	Robert L. Potts
		 		 	Title:	 	Senior Vice President & Assistant Secretary
			
		 		 	EMC CORPORATION
				
		 		 	By:	 	 /s/ Robert L. Potts

		 		 	Name:	 	Robert L. Potts
		 		 	Title:	 	Senior Vice President & Assistant Secretary
			
		 		 	DELL TECHNOLOGIES INC.
				
		 		 	By:	 	 /s/ Robert L. Potts

		 		 	Name:	 	Robert L. Potts
		 		 	Title:	 	Senior Vice President, Corporate Securities and Finance Counsel and Assistant Secretary
			
		 		 	DENALI INTERMEDIATE INC.
				
		 		 	By:	 	 /s/ Robert L. Potts

		 		 	Name:	 	Robert L. Potts
		 		 	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page
to Registration Rights Agreement] 

 
			
	DELL INC.
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page
to Registration Rights Agreement] 

 
	
	 ASAP SOFTWARE EXPRESS, INC.

	 CREDANT TECHNOLOGIES, INC.

	 DATA DOMAIN LLC

	 DELL AMERICA LATINA CORP.

	 DELL COLOMBIA INC.

	 DELL COMPUTER HOLDINGS L.P.

	 DELL DFS CORPORATION

	 DELL DFS GROUP HOLDINGS L.L.C.

	 DELL FEDERAL SYSTEMS CORPORATION

	 DELL FEDERAL SYSTEMS GP L.L.C.

	 DELL FEDERAL SYSTEMS L.P.

	 DELL FEDERAL SYSTEMS LP L.L.C.

	 DELL GLOBAL HOLDINGS L.L.C.

	 DELL GLOBAL HOLDINGS XV L.L.C.

	 DELL MARKETING CORPORATION

	 DELL MARKETING GP L.L.C.

	 DELL MARKETING L.P.

	 DELL MARKETING LP L.L.C.

	 DELL PRODUCTS CORPORATION

	 DELL PRODUCTS GP L.L.C.

	 DELL PRODUCTS L.P.

	 DELL PRODUCTS LP L.L.C.

	 DELL REVOLVER FUNDING L.L.C.

	 DELL USA CORPORATION

	 DELL USA GP L.L.C.

	 DELL USA L.P.

	 DELL USA LP L.L.C.

  

			
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Registration Rights Agreement] 

 
	
	 DELL WORLD TRADE CORPORATION

	 DELL WORLD TRADE GP L.L.C.

	 DELL WORLD TRADE L.P.

	 DELL WORLD TRADE LP L.L.C.

	 FORCE10 NETWORKS GLOBAL, INC.

	 FORCE10 NETWORKS INTERNATIONAL, INC.

	 FORCE10 NETWORKS, INC.

	 WYSE TECHNOLOGY L.L.C.

  

			
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	EMC INTERNATIONAL U.S. HOLDINGS L.L.C.
	EMC PUERTO RICO, INC.
	ISILON SYSTEMS LLC
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	DCC EXECUTIVE SECURITY INC.
	DELL PRODUCT AND PROCESS
	 INNOVATION SERVICES CORP.

		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Secretary

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	RSA SECURITY LLC
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Assistant Secretary

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	DELL REVOLVER COMPANY L.P.
	
	By: DELL REVOLVER GP L.L.C., its General Partner
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	DELL REVOLVER GP L.L.C.
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	FLANDERS ROAD HOLDINGS LLC
	NBT INVESTMENT PARTNERS LLC
	NEWFOUND INVESTMENT PARTNERS LLC
	SCALEIO LLC
	
	By: EMC CORPORATION, its Member
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	EMC IP HOLDING COMPANY LLC
	
	By: DENALI INTERMEDIATE INC., its Member
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	DELL FINANCIAL SERVICES L.L.C.
		
	By:	 	 /s/ Tyler W. Johnson

	Name:	 	Tyler W. Johnson
	Title:	 	Senior Vice President

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	DELL TECHNOLOGIES CAPITAL, LLC
	
	By: Dell Inc., its managing member
		
	By:	 	 /s/ Robert L. Potts

	Name:	 	Robert L. Potts
	Title:	 	Senior Vice President and Assistant Secretary

  
 [Signature Page to
Registration Rights Agreement] 

	
	 The foregoing Agreement is hereby confirmed
 and
accepted as of the date first above written.

	
	BOFA SECURITIES, INC.
	BARCLAYS CAPITAL INC.
	CITIGROUP GLOBAL MARKETS INC.
	CREDIT SUISSE SECURITIES (USA) LLC
	GOLDMAN SACHS & CO. LLC
	J.P. MORGAN SECURITIES LLC

  

			
		 	BOFA SECURITIES, INC.,
		 	as Authorized Representative
		
	By:	 	 /s/ Keith Harman

	Name:	 	Keith Harman
	Title:	 	Managing Director
		
		 	BARCLAYS CAPITAL INC.,
		 	as Authorized Representative
		
	By:	 	 /s/ E. Peter Contrucci III

	Name:	 	E. Peter Contrucci III
	Title:	 	Managing Director
		
		 	CITIGROUP GLOBAL MARKETS INC.,
		 	as Authorized Representative
		
	By:	 	 /s/ Brian D. Bednarski

	Name:	 	Brian D. Bednarski
	Title:	 	Managing Director
		
		 	CREDIT SUISSE SECURITIES (USA) LLC,
		 	as Authorized Representative
		
	By:	 	 /s/ Matthew Joseph

	Name:	 	Matthew Joseph
	Title:	 	Director
		
	By:	 	 /s/ Neal Nisargand

	Name:	 	Neal Nisargand
	Title:	 	Director

  
 [Signature Page to
Registration Rights Agreement] 

			
		 	GOLDMAN SACHS & CO. LLC,
		 	as Authorized Representative
		
	By:	 	 /s/ Sam Chaffin

	Name:	 	Sam Chaffin
	Title:	 	Vice President
		
		 	J.P. MORGAN SECURITIES LLC,
		 	as Authorized Representative
		
	By:	 	 /s/ Som Bhattacharyya

	Name:	 	Som Bhattacharyya
	Title:	 	Executive Director

  
 [Signature Page to
Registration Rights Agreement]

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