Document:

EX-10.25

 Exhibit 10.25 

EXECUTION VERSION 
 February 3, 2020

 VIA E-MAIL 

Christopher D. Young 
 Dear Mr. Young: 

As we have discussed, your employment with McAfee, LLC (the “Company”) and its affiliates has terminated, effective as of
February 3, 2020 (the “Separation Date”). The purpose of this letter (this “Agreement”) is to confirm the terms concerning your separation from employment, as follows: 

1. Separation from Employment. You acknowledge and agree that as of the Separation Date, your employment with the Company and its
affiliates terminated and you were deemed to resign from any and all (i) officer positions you held with the Company or any of its affiliates (as defined below); (ii) memberships you hold on any boards of directors, boards of managers or other
governing boards or bodies of the Company or any of its affiliates; and (iii) memberships you hold on any of the committees of any such boards or bodies. 

2. Final Salary. You acknowledge that you have received pay for all work you
performed for the Company and its affiliates through the Separation Date and all other amounts required to be paid to you under applicable law. 

3. Severance Benefits. In consideration of your acceptance of this Agreement and subject to your meeting in full your obligations
hereunder, you will be entitled to receive: 
 (a) One (1) times the sum of (x) your final base salary ($800,000), plus
(y) your target annual bonus ($1,200,000), paid in accordance with the Company’s regular payroll practices in substantially equal payments over the twelve (12)-month period following the Separation Date (the “Severance
Period”), beginning on the first payroll date after this Agreement becomes effective (and with the first payment to include all payment that would otherwise have been made prior to such date); 

(b) An amount equal to your 2019 annual bonus, calculated and determined by actual Company performance relative to Company performance
objectives during the 2019 fiscal year and assuming individual performance goals are met at 100% of target, payable in a lump sum on the date that bonuses are paid to senior executives generally during the 2020 fiscal year; 

(c) An amount equal to your target 2020 annual bonus, pro-rated to reflect the number of days you
worked during the 2020 fiscal year prior to the Separation Date (i.e., $101,639), payable in a lump sum on the date that bonuses are paid to senior executives generally during the 2021 fiscal year; and 

 (d) Provided that you timely elect COBRA (as defined below) coverage, a taxable subsidy (the
“COBRA Subsidy”) to participate in the Company’s medical, dental and vision plans, in an amount, on an after-tax basis, that is equal to the employer-paid premium-equivalent portion for
active employees who elect the same type of coverage (e.g., individual only, individual plus family, etc.) through the earlier of the end of the Severance Period and the time at which you become eligible for group health coverage from another
employer, with such subsidies payable by the Company on a monthly basis in substantially equal installments not later than the end of the month to which they relate. You are obligated to notify the Company within seven (7) days of learning that
you will become eligible for group health coverage from another employer. 
 4. Acknowledgement of Full Payment and Withholding. 

(a) You acknowledge and agree that the payments provided under Section 2 of this Agreement are in complete satisfaction of any and all
compensation due to you from the Company and its affiliates, whether for services provided to the Company or its affiliates or otherwise, through the Separation Date and that, except as expressly provided under this Agreement, no further
compensation is owed or will be paid to you. 
 (b) All payments made by the Company under this Agreement shall be reduced by any tax and
other amounts required to be withheld by the Company under applicable law and all other lawful deductions authorized by you. 
 5. Status
of Employee Benefits, Paid Time Off and Expenses. 
 (a) Except for any right you may have to continue your participation and that of
your eligible dependents in the Company’s medical plans under the federal law known as “COBRA”, your active participation in all employee benefit plans of the Company and its affiliates shall end in accordance with the terms of those
plans. The vested balance of your account under the McAfee Nonqualified Deferred Compensation Plan will be paid to you in accordance with the terms of such plan. You will not continue to earn paid time off or other similar benefits after the
Separation Date. You will receive information about your COBRA continuation rights under separate cover. 
 (b) Within four (4) weeks
following the Separation Date, you must submit your final expense reimbursement statement reflecting all business expenses you incurred through the Separation Date, if any, for which you seek reimbursement, and, in accordance with Company policy,
shall provide reasonable substantiation and documentation for the same. The Company will reimburse you for your authorized and documented expenses within thirty (30) days of receiving such statement pursuant to its regular business practice.

  
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 6. Equity. 

(a) You acknowledge and agree that as of immediately prior to the Separation Date you held the number of vested and unvested Class A Units
of Parent (as defined below) and Management Incentive Units of Parent (“MIUs”), in each case, that are set forth on Exhibit A to this Agreement, that were granted to you under Parent’s 2017 Management Incentive Plan (the
“Plan”) and award agreements thereunder (the “Award Agreements”) or that were purchased by you pursuant to those Class A Unit Subscription Agreements, dated June 1, 2017 and September 16, 2017,
respectively, between you and Parent (the “Subscription Agreements,” and collectively with the Plan, the Award Agreements, and Parent’s Limited Liability Company Agreement dated as of April 3, 2017, in each case, as
amended from time to time, the “Equity Documents”).    Other than the Class A Units and MIUs set forth on Exhibit A, you acknowledge and agree that you do not directly or indirectly hold any equity or
equity-based awards in Parent or any of its affiliates. Subject to your execution (and non-revocation) of this Agreement and subject to your meeting in full your obligations hereunder, the 113,750 unvested
MIUs that are subject to time-based vesting and that are ordinarily scheduled to vest (without regard to your termination of employment) on or before December 31, 2020 and 227,500 unvested MIUs that are eligible to vest if the TPG Investor
receives a TPG Return equal to [                ] times the Investment Amount (as such terms are defined in the applicable Award Agreement) will remain outstanding
following the Separation Date and will vest in full on the date that is six (6) months following the Separation Date (or, if earlier, upon a Change in Control (as defined in the Plan)), and all accrued distribution amounts with respect to such
unvested MIUs ($1,162,027, plus the distributable share attributable to such MIUs of any distribution made after the date hereof) shall be paid within thirty (30) days following such vesting date. The MIUs that become vested following the
Separation Date in accordance with this Section 6(a) shall be referred to herein as the “Accelerated MIUs”. Except as provided in the preceding sentence, all MIUs that were unvested as of the Separation Date were forfeited in
accordance with their terms for no consideration due or payable to you as of the Separation Date. 
 (b) All vested Class A Units and
Management Incentive Units of Parent held by you (including the Accelerated MIUs) will remain subject to the terms of the applicable Equity Documents, except as otherwise expressly provided herein. In addition, you agree that the following
provisions shall apply in the event of the consummation of the initial public offering of shares of stock of the Company or any present or future affiliate thereof (together with any related reorganization transaction(s), the “IPO”
and such publicly-traded company, “Pubco”): 
 (i) Class A Units and MIUs held by you and your permitted transferees
may be converted into shares of Pubco stock on terms determined by the Parent’s Board of Managers or the compensation committee thereof (the “Parent Board”), in its good faith discretion, based on the value of the Class A
Units and MIUs they replace as of immediately prior to conversion (and to the extent any MIUs that shall remain outstanding and unvested at such time in accordance with Section 6(a) above, subject to the same vesting terms as applied to such
MIUs immediately prior to the conversion); 
 (ii) any Pubco stock may be subjected to a post-IPO lock-up restriction if requested by the underwriters and may be subject to such other transfer restrictions, which shall not apply for longer than one (1) year, following the consummation of the IPO, as the
Parent Board determines in good faith is appropriate to avoid material market disruption, taking into account the size your remaining equity holdings, the public company’s public float and average trading volumes, applicable securities law
restrictions and disclosure requirements; and 

  
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 (iii) in the event you are eligible for benefits under any tax receivable agreement entered
in connection with the IPO, the Parent Board may elect to pay you the net present value (as determined in good faith by the Parent Board) of any payments that would otherwise be payable to you under such tax receivable agreement. 

(c) You agree to sell, and Parent agrees to purchase, your Accelerated MIUs and your vested Class A Units and MIUs set forth on Exhibit
A. As illustrated on Exhibit B hereto, you and Parent agree that Class A Units and MIUs having an aggregate repurchase price of $10 million (less the value of any non-tax distributions
made after the date hereof but prior to the repurchase date and after taking into account appropriate adjustments for any tax distributions relative to pro rata ownership made prior to the repurchase date) shall be repurchased by Parent on the
sixtieth (60th) day following the Separation Date (the “First Repurchase Date”) and the Accelerated MIUs and the remainder of your Class A Units and other MIUs shall be
repurchased on the sixtieth (60th) day after the first anniversary of the Separation Date (the “Second Repurchase Date”). The purchase price for such Accelerated MIUs,
Class A Units and other MIUs will be equal to (i) $34.57 per Class A Unit and per MIU for the repurchase made on the First Repurchase Date and (ii) the aggregate fair market value of the Accelerated MIUs, Class A Units and other
MIUs repurchased on the Second Repurchase Date, in any case under clause (i) or (ii), (x) taking into account any previous tax distributions relative to pro rata ownership received by you in respect of such Accelerated MIUs, Class A Units
and other MIUs that, as of the applicable repurchase date, have not otherwise been appropriately taken into account when calculating prior non-tax distributions and (y) less any non-tax distributions in respect of your units between the date hereof (in the case of the first repurchase) or the date of the applicable valuation (in the case of the second repurchase) and the applicable
repurchase date, as determined in good faith by the Parent Board on a basis consistent with other actions relating to its management equity program, provided that you retain your appraisal rights with respect to such valuation(s) pursuant to
Section 2.5(e) of the Employment Agreement (as defined below). The purchase price for such Accelerated MIUs, Class A Units and other MIUs shall be paid in cash on the applicable repurchase date specified above, unless payment in cash would
violate applicable law or the Parent Board determines in good faith that doing so would reduce available baskets under the Company’s credit agreement (in effect as of the First Repurchase Date, Second Repurchase Date, or any subsequent
repurchase date, as applicable) below 50% of their aggregate annual limits (the “Credit Agreement Limitations”), in which case, to the extent a repurchase in cash on the otherwise applicable repurchase date would require a payment
in excess of such threshold, the portion of the repurchase price in excess of such threshold shall instead be paid on or within sixty (60) days following on the first possible date(s) that such Credit Agreement Limitation no longer applies. In
the event of an IPO prior to any such repurchase, this Section 6(c) shall cease to apply. 
 7. Continuing Obligations In
exchange for the compensation and benefits provided to you under this Agreement to which you would not otherwise be entitled, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, you acknowledge and
agree that the following restrictions on your activities 

  
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during and after your employment with the Company and/or any of its affiliates (collectively, the “Continuing Obligations”) are reasonable and necessary to protect the legitimate
interests of the Company. You agree that the following restrictions on your activities after your employment are necessary to protect the good will, confidential information, trade secrets and other legitimate interests of the Parent and its
subsidiaries (together with Parent, and each individually a member of, the “Company Group”): 
 (a) Non-Competition; Non-Solicitation. You agree that for the twelve (12)-month period following the Separation Date (the “Restricted Period”) you
shall not directly or indirectly, with or without consideration, (i) become an employee, director, or independent contractor, stockholder or other owner (other than as (a) a holder of less than 1% of any class of securities of any company
(whether public or private) or (b) a holder of a passive equity interest in a private debt or equity investment fund in which you do not have the ability to control or exercise any managerial influence over such fund) of, or a consultant to, or
perform any services for, any Person that engages in security solutions related to computers, mobile devices and networks or any other business the Company Group is engaged in, or has made an investment decision to engage in as of the Separation
Date (a “Competing Business”); (ii) on behalf of a Competing Business, solicit or engage or attempt to solicit or engage, as applicable, any current customer or supplier of the Company Group, or prospective customer or supplier
that the Company Group has expended material resources to engage or procure during the twelve (12)-month period prior to the Separation Date, or to terminate or alter in a manner adverse to the Company Group such current or prospective
customer’s or supplier’s relationship with the Company Group; or (iii) hire, solicit or attempt to solicit, as applicable, any Company Group employee, any natural person serving as an independent contractor (or any entity independent
contractor controlled by a natural person providing services to the Company Group) (an “Independent Contractor”) or individual who was a Company Group employee or Independent Contractor within the six (6)-month period immediately
prior thereto to terminate or otherwise alter his, her or its employment or other service relationship with the Company Group. Notwithstanding the foregoing, nothing in this Agreement shall prevent you from (a) providing services to a venture
capital investment fund, as long as you do not serve as a member of the board of directors of, or otherwise directly or indirectly provide services to or for the benefit of, any portfolio company that is engaged, in whole or in part, in a Competing
Business or (b) rendering services to a separate business unit of a Person that is engaged in a Competing Business, as long as such business unit is not engaged in and does not provide support to the Competing Business, such Competing Business
could reasonably be expected to account for less than 10% of such Person’s annual revenues and you have no participation in the Competing Business. For purposes of this Agreement, “Person” shall mean any individual,
partnership, corporation, limited liability company, unincorporated organization, trust or joint venture, or a governmental agency or political subdivision thereof. For the sake of clarity, the Company acknowledges and agrees that the terms of that
certain Senior Advisor Agreement between you and TPG Global, LLC, dated on or around February 3, 2020 (the “Advisor Agreement”), shall not extend the Restricted Period nor shall they expand, supplement or otherwise amend the
scope of the restrictive covenants set forth in this in this Section 7. In the event of a conflict or inconsistency between the terms of this Agreement and the Advisor Agreement, the terms of this Agreement shall be controlling. 

  
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 (b) Confidential Information. You acknowledge and agree that all information
regarding Company Group or the activity of the Company Group that is not generally known to persons not employed or retained (as employees or as independent contractors or agents) by the Company Group, including, without limitation, information
about the customers, business connections, customer lists, procedures, operations, trade secrets, techniques and other aspects of and information about the business of the Company Group (the “Confidential Information”) is
established at great expense and protected as confidential information and provides the Company Group with a substantial competitive advantage in conducting its business. You further acknowledge and agree that by virtue of your employment with
the Company Group, you had access to, and were entrusted with Confidential Information, and that the Company Group could suffer great loss and injury if you would disclose this information or use it in a manner not specifically authorized by the
Company. Therefore, you agree that following the Separation Date, you will not, directly or indirectly, either individually or as an employee agent, partner, shareholder, owner, trustee, beneficiary,
co-venturer distributor, consultant or in any other capacity, use or disclose or cause to be used or disclosed any Confidential Information, unless and to the extent that any such information becomes generally
known to and available for use by the public other than as a result of your own acts or omissions. You shall deliver to the Company at the Separation Date, or at any other time the Company may request, all memoranda, notes, plans, records,
reports, computer tapes, printouts and software and other documents and data (and copies thereof) relating to the Confidential Information, or the business of the Company Group which you may then possess or have under your control. In addition,
you agree that, notwithstanding the foregoing, to the extent you are compelled to disclose Confidential Information by lawful service of process, subpoena, court order, or otherwise compelled to do by law, you shall, to the extent legally permitted,
provide the Company with a copy of the document(s) seeking disclosures of such information promptly upon receipt of such document(s) and prior to your disclosure of any such information, so that the Company may take such action as it deems to be
necessary or appropriate in relation to such subpoena or request and you may not disclose any such information until the Company has had the opportunity to take such action. Nothing in this Agreement limits, restricts or in any other way affects
your communicating with any governmental agency or entity, or communicating with any official or staff person of a governmental agency or entity, concerning matters relevant to the governmental agency or entity, or requires you to provide the
Company with notice of the same. You understand that you cannot be held criminally or civilly liable under any federal or state trade secret law for disclosing a trade secret (1) in confidence to a federal, state, or local government official,
either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law, or (2) in a complaint or other document filed under seal in a lawsuit or other proceeding. Notwithstanding this
immunity from liability, you may be held liable if you unlawfully access trade secrets by unauthorized means. 
 (c) Reasonable Limitation
and Severability; Injunctive Relief. You agree that the above restrictions are (i) reasonable given your role with the Company, and are necessary to protect the interests of the Company Group and (ii) completely severable and
independent agreements supported by good and valuable consideration and, as such, shall survive the termination of this Agreement for any reason whatsoever. The parties further agree that any invalidity or unenforceability of any one or more of such
restrictions on 

  
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competition shall not render invalid or unenforceable any remaining restrictions on competition. Additionally, should a court of competent jurisdiction determine that the scope of any provision
of this Section 7 is too broad to be enforced as written, the parties hereby authorize the court to reform the provision to such narrower scope as it determines to be reasonable and enforceable and the parties intend that the affected provision
be enforced as so amended. You acknowledge and agree that the Company’s remedies at law for a breach or threatened breach could be inadequate and the Company could suffer significant harm and irreparable damages as a result of a breach or
threatened breach. In recognition of this fact, you agree that, in the event of such a breach or threatened breach, in addition to any remedies at law, the Company, without posting any bond, shall be entitled to cease making any payments or
providing any benefit otherwise required by this Agreement (other than pursuant to Section 2 and the second sentence of Section 5(a)), cause any vested or unvested MIUs (as well as related distribution holdback amounts) and/or other
distributions which you may be entitled to be forfeited, not consummate any agreed equity repurchase, recover any such amounts that were previously paid to you or paid to you in respect of such vested equity (including related distribution holdback
amounts) and/or obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be available. The remedies under this Agreement are without
prejudice to the Company’s right to seek any other remedy to which it may be entitled at law or in equity. 
 (d) Other Remedies.
Notwithstanding the forgoing or any other agreement or arrangement with the Company Group, if the Parent Board determines in good faith in the course of any governmental or internal investigation, regulatory matter, legal proceeding or similar
matter relating to the Company Group, based on information that was not known to the Parent Board or the Company’s General Counsel, each having been generally updated in good faith on internal investigations, as of the date hereof, that you
committed any act of material misconduct (or unreasonably failed to act as to a material issue that you had or should have had knowledge of), in either case, in a manner that is, was or is reasonably expected to be materially and demonstrably
harmful to the Company Group, or its business (collectively, “Investigation Developments”), the Company may immediately stop making any payments or providing any benefit otherwise required by this Agreement (other than pursuant to
Section 2 and the second sentence of Section 5(a)) and cause any vested or unvested MIUs (as well as related distribution holdback amounts) and/or other distributions to which you may be entitled pursuant to MIUs to be forfeited, and will
not be required to consummate any agreed equity repurchase and may recover (and if so determined, you must reimburse) any such amounts that were previously paid to you or paid to you in respect of such vested MIUs (including related distribution
holdback amounts); provided that the aggregate amount of such forfeitures and recoveries shall be limited to the amount of any losses or other damages suffered or incurred by the Company Group as a result of your actions or inaction, as
reasonably determined by the Company in good faith. Further, notwithstanding the foregoing or any other arrangement with the Company Group, if within eighteen (18) months following the Separation Date the Parent Board in good faith determines
that the Company Group must prepare an accounting restatement due to the material noncompliance of the Company, as a result of your material misconduct, with applicable financial reporting requirements, you must reimburse the Company for any bonuses
or incentive-based or equity-based compensation (including amounts received in 

  
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respect thereof and profits from the sale of any equity-based compensation), including any bonus or incentive-based or equity-based compensation paid, provided or accelerated pursuant to Sections
3, 5 or 6 of this Agreement or otherwise, you received during the period beginning twelve (12) months prior to the Separation Date and ending fifteen (15) months after the Separation Date; provided that prior to the Parent Board
requiring any reimbursement described in this sentence you, along with your legal counsel (should you so elect), will be given a reasonable opportunity to present relevant information to the Parent Board. 

8. Return of Company Documents and Other Property. In signing this Agreement, you represent and warrant that you have used your best
efforts to return to the Company or to destroy or delete any and all documents, materials and information (whether in hardcopy, on electronic media or otherwise) related to the business of the Company Group (whether present or otherwise), and all
keys, access cards, credit cards, computer hardware and software, telephones and telephone-related equipment and all other property of the Company Group in your possession or control, provided that you are entitled to keep personal copies of
(i) your compensation records, (ii) materials distributed to equityholders generally and (iii) any written agreement to which you are a party. Further, you represent and warrant that you have not otherwise retained any copy or
derivation of any documents, materials or information (whether in hardcopy, on electronic media or otherwise) of the Company Group. Further, you acknowledge that to the best of your knowledge you have disclosed to the Company all passwords necessary
to enable the Company to access all information which you have password-protected on any computer equipment, network or system of the Company or any of its affiliates. 

9. Cooperation. At the reasonable request of the Company and subject to your reasonable availability and other business obligations, you
agree to cooperate as reasonably necessary with the Company Group for six (6) months following the Separation Date on all matters relating to the winding up of your pending work on behalf of the Company including, but not limited to, any
litigation in which the Company Group is involved and the orderly transfer of any such pending work to other employees of the Company as may be designated by the Company or Parent. In addition, at all times after the Separation Date, subject to your
reasonable availability, taking into account your other reasonable business obligations, you will fully and truthfully cooperate on any governmental or internal investigations, regulatory matters, legal proceedings or similar matters relating to the
Company. Notwithstanding anything herein to the contrary, the preceding cooperation covenant shall not apply to any matter that arises out of or relates to a dispute between you and (i) any member(s) of the Company Group; (ii) any and all
parent companies, subsidiaries (direct and indirect), affiliates, successor and assigns of the Company Group; and/or (iii) any of the foregoing entities’ directors, officers, employees, agents, attorneys, advisors, insurers,
representatives, and benefit plans (including all such plans’ insurers, fiduciaries, administrators, and the like), in each case, only if complying with such cooperation covenant would adversely affect your legal rights in any such dispute in
any material respect. 

  
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 10. Employee Release of Claims. 

(a) In exchange for the severance pay, acceleration of vested equity (and related distribution holdbacks) and other benefits provided to you
under this Agreement, as well as the repurchase provisions set forth in Section 6(c), to which you would not otherwise be entitled, on your own behalf and on the behalf of your heirs, executors, administrators, beneficiaries, representatives
and assigns, and all others connected with or claiming through you, hereby release and forever discharge the Company, Parent and their current and past parents, subsidiaries and other affiliates and all of their respective past, present and future
officers, directors, trustees, shareholders, employees, agents, employee benefit plans, general and limited partners, members, managers, investors, joint venturers, representatives, successors and assigns, and all others connected with any of them,
only to the extent such parties were acting in their official capacities (collectively, the “Released Parties”), from any and all causes of action, rights and claims of any type or description, known or unknown, which you have had
in the past, now have, or might now have, through the date of you signing of this Agreement, in any way related to, connected with or arising out of your employment or its termination or the Employment Agreement by and among you, McAfee Employee
Holdings, LLC and Foundation Technology Worldwide LLC (“Parent”) dated as of June 1, 2017 (the “Employment Agreement”) or pursuant to any federal, state or local law, regulation or other requirement (including
without limitation Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, the Employee Retirement Income Security Act, the Americans with Disabilities Act, and/or
the fair employment practices statute of the state or states in which you were previously employed by the Company or otherwise had a relationship with the Company or any of its subsidiaries or other affiliates, each as amended from time to time)
(collectively, the “Released Claims”). The foregoing release shall not apply to (a) any claim that arises after you sign this Agreement, (b) any rights to indemnification that you may have under the Company’s Articles
of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any power that the Company or its predecessor or affiliate entities may have to indemnify you or hold you harmless, (c) any claim that may not be waived
pursuant to applicable law, (d) your rights to severance pay and benefits under this Agreement, (e) your rights following the date hereof with respect to any equity interests you hold in Parent or any of its affiliates as set forth in this
Agreement, (f) your right to enforce the terms of this Agreement or (g) your rights to any vested benefits to which you are entitled under the terms of any of the Company’s or its affiliates’ benefit plans, programs, or policies.

 In signing this Agreement, to the extent applicable, you expressly waive and relinquish all rights and benefits provided by
Section 1542 of the Civil Code of the State of California, and do so understanding and acknowledging the significance of such specific waiver of Section 1542, which section states as follows: 

A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the
time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or the released party. 

  
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 Therefore, notwithstanding the provisions of Section 1542, and for the purpose of
implementing a full and complete release and discharge of the Released Parties, you expressly acknowledge that the general release and waiver of claims set forth in this Section 10(a) is intended to include in its effect, without limitation,
all Claims which you do not know or suspect to exist in your favor at the time you sign it, and that this Agreement contemplates the extinguishment of any and all such Claims. 

(b) Nothing contained in this Agreement shall be construed to prohibit you from filing a charge with or participating in any investigation or
proceeding conducted by the federal Equal Employment Opportunity Commission or a comparable state or local agency, provided, however, that you hereby agree to waive your right to recover monetary damages or other individual relief in any charge,
investigation, proceeding, complaint or lawsuit filed by you or by anyone else on your behalf. Nothing in this Agreement is intended to limit, restrict or in any other way affect your communicating with any governmental agency or entity, or
communicating with any official or staff person of a governmental agency or entity, concerning matters relevant to the governmental agency or entity. 

(c) This Agreement, including the general release of claims set forth in Section 10(a), creates legally binding obligations and the
Company and its affiliates therefore advise you to consult an attorney before signing this Agreement. In signing this Agreement, you give the Company and its affiliates assurance that you have signed it voluntarily and with a full understanding of
its terms; that you have had sufficient opportunity of not less than twenty-one (21) days, before signing this Agreement, to consider its terms and to consult with an attorney, if you wished to do so, or
to consult with any other of person, and that, in signing this Agreement, you have not relied on any promises or representations, express or implied, that are not set forth expressly in this Agreement. 

11. Company Release of Claims. 

(a) The Company hereby and forever releases you from any and all claims, except as set forth below, arising out of or relating to the your
employment or other relationship with the Company and the conclusion of that employment or other relationship that the Company may possess against you arising from any omissions, acts, facts, or damages that have occurred up until and including the
date of execution of this Agreement. Notwithstanding anything to the contrary herein, this release of claims shall not apply to any claim (a) that arises after the execution of this Agreement, (b) related to your intentional or grossly
negligent act or omissions or (c) related to Investigation Developments. 
 (b) In signing this release of clams, to the extent
applicable, the Company expressly waives and relinquishes all rights and benefits afforded by Section 1542 of the Civil Code of the State of California, and does so understanding and acknowledging the significance of such specific waiver of
Section 1542, which Section states as follows: 
 A general release does not extend to claims which the creditor does not know or
suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor. 

  
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 Thus, notwithstanding the provisions of Section 1542, and for the purpose of
implementing a full and complete release and discharge (subject to the exceptions noted above), the Company expressly acknowledges that this release of claims is intended to include in its effect, without limitation, all released claims (subject to
the exceptions noted above) which the Company does not know or suspect to exist in its favor at the time of execution of this Agreement, and that this release of claims contemplates the extinguishment of such released claims. 

12. Miscellaneous. 
 (a)
This Agreement constitutes the entire agreement between you and the Company and supersedes all prior and contemporaneous communications, agreements and understandings, whether written or oral, with respect to your employment, its termination and all
related matters, excluding only your and the Company Group’s obligations under the Equity Documents that survive your termination of employment, the provisions of which shall remain in full force and effect in accordance with their terms. 

(b) This Agreement may not be modified or amended, and no breach shall be deemed to be waived, unless agreed to in writing by you and the
Company or its expressly authorized designee. The captions and headings in this Agreement are for convenience only, and in no way define or describe the scope or content of any provision of this Agreement. 

(c) The obligation of the Company to make payments or provide benefits to you or on your behalf under this Agreement, and your right to retain
the same, is expressly conditioned upon your continued full performance of your obligations under this Agreement, and under the Equity Documents. 

(d) For purposes of any payment or benefit provided under this Agreement that is conditioned on your meeting your obligations under this
Agreement and/or the Equity Documents, as applicable, you will not be considered to be in breach of, or deficient in meeting your obligations under, this Agreement or the Equity Documents, unless the Company has (i) provided you with written
notice of such deficiency or breach, and (ii) a reasonable period to cure such deficiency or breach. In the event you fail to cure such deficiency or breach, you will be deemed in breach of, or deficient in meeting your obligations under, this
Agreement. Notwithstanding the foregoing, the Company will not be required to provide more than one notice and opportunity to cure with respect to repeated or substantially similar circumstances. 

(e) Not later than ten (10) business days following the date that this Agreement becomes effective, the Company shall pay or reimburse you
for any and all reasonable attorneys’ fees and related costs paid in connection with the negotiation and execution of this Agreement, up to a maximum amount of $15,000. 

(f) All amounts payable under the Agreement are intended to comply with, or be exempt from, the requirements of Section 409A of the
Internal Revenue Code of 1986, as amended, and will be construed and administered accordingly. The payments made pursuant to this Agreement are also intended to be exempt from Section 409A to the

  
 -11- 

 
maximum extent possible, under either the separation pay exemption pursuant to Treasury regulation §1.409A-1(b)(9)(iii) or as short-term deferrals
pursuant to Treasury regulation §1.409A-1(b)(4), and each amount to be paid or benefit to be provided to you pursuant to this Agreement, shall be construed as a separate payment for purposes of
Section 409A. Notwithstanding anything herein to the contrary, to the extent any payments made or contemplated hereunder constitute nonqualified deferred compensation, within the meaning of Section 409A if you are a “specified
employee” as defined in Section 409A as of the Separation Date and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such termination of employment is necessary in order to prevent any
accelerated or additional tax under Section 409A, then the Company will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to you)
until the date that is six (6) months and one (1) day following Separation Date (or the earliest date as is permitted under Section 409A). To the extent required to avoid an accelerated or additional tax under Section 409A,
amounts reimbursable to you under this Agreement shall be paid to you on or before the last day of the year following the year in which the expense was incurred and the amount of expenses eligible for reimbursement (and in-kind benefits provided to you) during any one year may not affect amounts reimbursable or provided in any subsequent year and may not be liquidated or exchanged for any other benefit. In no event shall the
Company Group have any liability relating to the failure or alleged failure of any payment or benefit under this Agreement to comply with, or be exempt from, the requirements of Section 409A. 

(g) To the extent not preempted by federal law, the validity and effect of this Agreement and the rights and obligations of the parties hereto
shall be construed and determined in accordance with the law of Delaware, without regard to any conflict of law provisions thereof. The parties irrevocably consent to the jurisdiction of, and venue in, the state and federal courts in the State of
Delaware, with respect to any matters pertaining to, or arising from, this Agreement. By signing this Agreement, you acknowledge and agrees that you have been individually represented by legal counsel in negotiating the terms of this Agreement
(including without limitation as to all restrictive covenants contained herein, the remedies for breaches of such covenants, and the governing law and forum that will apply in the event of any disputes related to such restrictive covenants). 

[Remainder of page intentionally left blank] 

  
 -12- 

 If the terms of this Agreement are acceptable to you, please sign, date and return it to me
within twenty-one (21) days of the date you receive it. You may revoke this Agreement at any time during the seven (7)-day period immediately following the date of
your signing by notifying the Company’s General Counsel in writing of your revocation within that period. If you do not revoke this Agreement, then, on the eighth (8th) day following the date that you signed it, this Agreement shall take effect
as a legally binding agreement between you and the Company on the basis set forth above. The enclosed copy of this letter, which you should also sign and date, is for your records. 

 

			
	Sincerely,
	MCAFEE, LLC
		
	By:	 	 /s/ Tim Millikin

	Name:	 	Tim Millikin
	Title:	 	Authorized Signatory
	
	FOUNDATION TECHNOLOGY WORLDWIDE LLC
		
	By:	 	 /s/ Tim Millikin

	Name:	 	Tim Millikin
	Title:	 	Member, Board of Managers

 Accepted and agreed: 
  

			
	Signature:	 	 /s/ Christopher D. Young

		 	Christopher D. Young
		
	Date:	 	February 2, 2020

  
 -13-EX-10.26

 Exhibit 10.26 

[________], 2020 
 VIA HAND DELIVERY

 [Name] 
 Re: Severance 

This letter agreement (this “Agreement”) sets forth the terms and conditions pursuant to which McAfee Corp., a Delaware corporation
(the “Company”), will provide you with severance benefits if your employment with the Company, Foundation Technology Worldwide, a Delaware limited liability company (“FTW”) and their respective
subsidiaries (your “Employment”) is terminated in a Qualifying Termination (as such terms are defined below). This Agreement will be effective as of immediately prior to the consummation of the initial public offering of
shares of the Company’s Class A common stock (the time this Agreement becomes effective, the “Effective Time”). Notwithstanding the foregoing, if the Effective Time does not occur on or before March 31, 2021,
this Agreement shall be null and void and of no force or effect. Following the Effective Time, the severance payments and benefits described in this Agreement will be the only severance payments or benefits that you will be entitled to in connection
with a termination of your Employment, and you will not be entitled to any severance payments or benefits under the terms of any other agreement with the Company or any of its Affiliates or any plan, policy or program of the Company or any of its
Affiliates, except as specifically provided herein. 
 1. Severance and Change in Control Payments and Benefits. 

(a) Non-Change in Control Severance. If your Employment is terminated in a Non-Change in Control Qualifying Termination, then, subject to terms and conditions of this Agreement, the Company will provide you with the following severance payments and benefits: 

i. the Accrued Benefits; 

ii. an amount equal to one (1) times your annual base salary and target annual bonus, in each case, as in effect on the
Separation Date (or, if higher, the base salary and target annual bonus in effect immediately prior to any reduction in such amounts which resulted in “Good Reason”) (the “Severance Payment”); and 

iii. provided that you timely and properly elect to purchase continued healthcare coverage under COBRA, direct payment to its
COBRA provider on your behalf of a monthly amount equal to the employer portion of the monthly premiums paid under the Company’s group health plans as of the Separation Date, for the period ending on the earlier of (i) the date that is
twelve (12) months following the Separation Date, and (ii) the date on which you become eligible to be covered under another employer’s health plan (of which you will provide prompt notice to the Company) (the “COBRA
Payment”). 
 The Accrued Benefits will be payable in a lump sum on or as soon as practicable following the Separation Date (or, with respect
to the amounts payable under clause (ii) of the definition of Accrued Benefits, in accordance with the terms of the applicable bonus), but, in all cases, within the time period required by applicable law. The Severance Payment and COBRA Payment
(to the 

 
extent payable as described above) will be paid in substantially equal installments over a period of twelve (12) months following the Separation Date in accordance with the Company’s
regular payroll practices, beginning on the Company’s first regular payroll date following the date that the Release (as defined below) becomes fully effective and irrevocable (and the first installment will include all amounts that would have
been paid on the regular payroll dates of the Company following the Separation Date prior to such date), except as described in Section 6 below. Notwithstanding the foregoing, to the extent any severance payments or benefits that you were
entitled to receive under the Prior Agreement were subject to Section 409A, the Severance Payment and COBRA Payment shall be paid on the schedule set forth in the Prior Agreement to the extent required to prevent any accelerated or additional
tax under Section 409A. To the extent payable, the COBRA Payment will be paid directly by the Company or one of its Affiliates on your behalf or reimbursed to you in accordance with applicable policies of the Company and its Affiliates
regarding substantiation of reimbursable expenses; provided that with respect to any group health plan to which Section 105(h) of the Code or any similar provision applies, the value of such payments may be provided in a manner that is
intended to avoid adverse tax consequences to you, the Company or its Affiliates. 
 (b) Change in Control Equity Treatment.
Notwithstanding anything to the contrary in the documents governing your Time-Based Equity, in the event your then unvested Time-Based Equity awards are not continued, assumed or substituted for in connection with a Change in Control with awards or
rights having the same intrinsic value (determined as of the Change in Control), such Time-Based Equity awards shall vest in full effective as of the Change in Control. For the avoidance of doubt, all equity awards other than the Time-Based Equity
shall be treated in accordance with the terms of the applicable equity plan and other documents governing such awards. 
 (c) Change in
Control Severance. If your Employment is terminated in a Change in Control Qualifying Termination, then, in lieu of the payments described in Section 1(a) above and subject to terms and conditions of this Agreement, the Company will provide
you with the following benefits: 
 i. the Accrued Benefits; 

ii. an amount equal to one and one-half (1.5) times your annual base salary and target
annual bonus, in each case, at the highest level in effect during the 12-month period leading up to the Separation Date (the “Change in Control Severance Payment”); 

iii. a pro rata portion (prorated based on the percentage of the fiscal year that shall have elapsed through the Separation
Date) of your annual bonus earned based on actual performance for the year in which your Employment terminates (the “Pro Rata Bonus”); 

iv. provided that you timely and properly elect to purchase continued healthcare coverage under COBRA, direct payment to its
COBRA provider on your behalf of a monthly amount equal to the employer portion of the monthly premiums paid under the Company’s group health plans as of the Separation Date, for the period ending on the earliest of (i) the date that is
eighteen (18) months following the Separation Date, and (ii) the date on which you become covered under another employer’s health plan (the “CIC COBRA Payment”); and 

  
 2 

 v. all unvested Time-Based Equity held by you as of the Separation Date
shall vest in full as of the Separation Date and all Performance-Based Equity held by you as of the Separation Date shall vest as of the Separation Date based on target performance or, if higher and if determinable, based on the actual performance
of the Company through the Separation Date, as determined in accordance with the applicable documents governing such Performance-Based Equity (the “Change in Control Equity Acceleration”). 

The Accrued Benefits will be payable in a lump sum as soon as practicable following the Separation Date (or, with respect to the amounts payable under clause
(ii) of the definition of Accrued Benefits, in accordance with the terms of the applicable bonus), but in any case within the time period required by applicable law. The Change in Control Severance Payment will be paid in a lump sum on the
Company’s first regular payroll date following the date that the Release becomes fully effective and irrevocable, except as described in Section 6 below, but in no event will be paid later than two and a half months following the fiscal
year in which the Separation Date occurs. Notwithstanding the foregoing, to the extent any severance payments or benefits that you were entitled to receive under the Prior Agreement were subject to Section 409A, the Change in Control Severance
Payment shall be paid on the schedule set forth in the Prior Agreement to the extent required to prevent any accelerated or additional tax under Section 409A. To the extent payable, the CIC COBRA Payment will be paid directly by the Company or
one of its Affiliates on your behalf or reimbursed to you in accordance with applicable policies of the Company and its Affiliates regarding substantiation of reimbursable expenses; provided that with respect to any group health plan to which
Section 105(h) of the Code or any similar provision applies, the value of such payments may be provided in a manner that is intended to avoid adverse tax consequences to you, the Company or its Affiliates. 

The Pro Rata Bonus shall be paid in the fiscal year of the Company that follows the fiscal year in which in the Qualifying Termination occurs, at the time at
the time annual bonuses are payable to senior executives of the Company and its Affiliates generally, but in no event later than two and a half months following the fiscal year in which the Qualifying Termination occurs. 

The Change in Control Equity Acceleration shall occur effective on the Separation Date, but any shares or other equity delivered in settlement of such awards
shall not be delivered until a date following the date the Release becomes fully effective and irrevocable (but in no event later than two and a half months following the fiscal year in which the Separation Date occurs or such other time as the
Company in good faith determines would not result in additional taxes becoming due under Section 409A) and will be forfeited for no consideration in the event the Release does not become so fully effective and irrevocable by the deadline
specified in Section 2 of this Agreement. 
 (d) Certain Definitions. For purposes of this Agreement, the following terms shall
have the following meanings: 

  
 3 

 i. “Accrued Benefits” means the (i) the
earned but unpaid portion of your base salary through the Separation Date, (ii) any annual cash bonus that relates to a completed fiscal year or performance period, as applicable, and has been earned based on performance for such completed
fiscal year or performance period (but is not yet paid) on or before the Separation Date, which shall be paid in accordance with the terms of such bonus, (iii) a lump-sum payment in respect of any accrued
but unused vacation days payable to you under the Company’s vacation policies, (iv) any unpaid expense or other reimbursements due to you under the Company’s expense reimbursement policies, and (v) any other amounts or benefits
required to be paid or provided by law or under any plan, program, policy or practice of the Company or any of its Affiliates (excluding, for the avoidance of doubt, any amounts or benefits payable under any severance or similar plan, program,
policy or practice maintained by the Company or any of its Affiliates). 
 ii. “Affiliate” means any
entity that, directly or indirectly, is controlled by, controls or is under common control with the Company and/or any entity in which the Company has a significant equity interest, in either case, as determined by the Board of Directors of the
Company, including, for the avoidance of doubt, Foundation Technology Worldwide, LLC, McAfee, LLC and their respective subsidiaries. 

iii. “Cause” means any of the following, as determined by the Administrator, (i) gross negligence
or willful misconduct in connection with the performance of duties with respect to (A) your Employment or (B) your duties under any employment or similar agreement (including an offer letter) with the Company or any of its Affiliates;
(ii) your commission of (or pleading guilty or pleading no contest or nolo contendere to) a felony or other crime involving moral turpitude (where moral turpitude means so extreme a departure from ordinary standards of honesty, good morals,
justice or ethics as to be shocking to the moral sense of the community); (iii) the performance by you of any act or acts of fraud or material dishonesty in connection with or relating to the business of the Company or any of its Affiliates or the
misappropriation (or attempted misappropriation) of any of the funds or property of the Company or any of its Affiliates; (iv) breach of any Restrictive Covenant relating to non-competition, non-solicitation or no hiring or material breach of any other Restrictive Covenant applicable to you in favor of the Company or any of its Affiliates; or (v) a material violation of the material written
policies or procedures of the Company or of any of its Affiliates (with it being understood that any violation of a policy regarding sexual harassment, sexual misconduct, or any form of discrimination shall be considered a material violation of a
written policy). Notwithstanding the foregoing, if you are party to an individual employment, severance-benefit, change-in-control or similar agreement (including an
offer letter) with the Company or any of its Affiliates that contains a definition of “Cause” (or a correlative term), such definition will apply in lieu of the definition set forth above during the term of such agreement. 

iv. “Change in Control” shall mean any of the following events or series of related events after the
date hereof: (i) any person, or group of persons acting together which would constitute a “group” for purposes of Section 13(d) of the Exchange Act, or any successor provisions thereto, is or becomes the beneficial owner,
directly or indirectly, of securities of the Company representing more than 50% of the combined voting power of the Company’s then-outstanding voting securities (other than a group formed pursuant to the Stockholders Agreement, dated as of
[____] (as amended from time to time, the “Stockholders Agreement”)); (ii) there is consummated a merger, consolidation or similar business transaction involving the Company with any other person or persons, and, either

  
 4 

 
(x) the Board immediately prior to the merger or consolidation does not constitute at least a majority of the board of directors of the company surviving the merger or, if the surviving company
is a subsidiary, the ultimate parent thereof, or (y) immediately after the consummation of such transaction, the voting securities of the Company immediately prior to such transaction do not continue to represent or are not converted into more
than 50% of the combined voting power of the then-outstanding voting securities of the person resulting from such transaction or, if the surviving company is a subsidiary, the ultimate parent thereof; or (iii) there is consummated an agreement
or series of related agreements for the sale or other disposition, directly or indirectly, by the Company of all or substantially all of the Company’s assets (including a sale of assets of FTW), other than such sale or other disposition by the
Company of all or substantially all of the Company’s assets to an entity at least 50 percent (50%) of the combined voting power of the voting securities of which are owned by shareholders of the Company in substantially the same
proportions as their ownership of the Company immediately prior to such sale. Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have occurred (x) by virtue of the consummation of any transaction or
series of integrated transactions immediately following which the ultimate beneficial owners of the Class A Common Stock and Class B Common Stock of the Company immediately prior to such transaction or series of transactions continue to
have substantially the same proportionate ownership in and voting control over, and own substantially all of the shares or equity of, an entity which owns all or substantially all of the assets of the Company immediately following such transaction
or series of transactions or (y) by virtue of the consummation of any transaction or series of transactions, immediately following which, the Company and one or more other entities (the “Other Constituent Companies”) shall have
become separate wholly-owned Subsidiaries of a holding company, and the ultimate beneficial owners of the Class A Common Stock and Class B Common Stock immediately prior to such transaction or series of transactions, together with the
ultimate beneficial owners of the outstanding equity interests in the Other Constituent Companies immediately prior to such transaction or series of transactions, shall have become the equityholders of the new holding company in exchange for their
respective equity interests in the Company and the Other Constituent Companies, and such transaction or transactions would not otherwise constitute a “Change in Control” assuming references to the Company are references to such holding
company. In addition, with respect to any payment considered to be nonqualified deferred compensation under Section 409A of the Code, to the extent applicable, that is payable upon a Change in Control or other similar event, to the extent
required to avoid the imposition of any additional tax, interest or penalty under Section 409A of the Code, no amount will be payable unless such Change in Control or other event constitutes a “change in control event” within the
meaning of Section 1.409A-3(i)(5) of the Treasury Regulations. 
 v.
“Change in Control Qualifying Termination” means a Qualifying Termination that occurs during the period beginning three (3) months prior to, and ending eighteen (18) months following, the consummation of a Change in
Control. 
 vi. “Code” means the Internal Revenue Code of 1986, as amended. 

  
 5 

 vii. “Good Reason” means, (A) if you are a
party to an employment, severance-benefit, change-in-control or similar agreement (including an offer letter) with the Company, FTW or any of their respective
subsidiaries that contains a definition of “Good Reason,” the definition set forth in such agreement for so long as such agreement is in effect; or (B) otherwise, it shall mean, in each case, without your consent: (i) a material
breach by the Company or its Affiliates of this Agreement or any other material agreement between you and the Company or its Affiliates, including any employment agreement or offer letter of employment; (ii) a material diminution of your
duties, responsibilities or status other than a change in reporting line or position as a result of, and consistent with, changes in the organizational structure due to a Change in Control in which the Company or any of its Affiliates becomes a
subsidiary of an acquiring entity or its affiliates or as a result of the sale, license or other divestiture of a business line or division or business segment; (iii) a material reduction by the Company or its Affiliates in your base salary or
target bonus opportunity; or (iv) the relocation of your principal place of business by more than fifty (50) miles. In all cases, an event or condition shall not constitute “Good Reason” unless (x) within thirty
(30) days of the occurrence of the event or condition you believe constitutes Good Reason, you provide the Company with a written notice (a “Good Reason Notice”) that specifically explains the basis for your belief that
facts constituting Good Reason exist, (y) in the case of any of the above events which is capable of being cured within thirty (30) days of the Company’s receipt of the Good Reason Notice, the Company fails to cure (or cause to be
cured) the applicable event or condition within thirty (30) days after the Company’s receipt of the Good Reason Notice, and (z) you actually terminate your Employment (and, if applicable, other service relationship) within sixty
(60) days following the end of such cure period. 
 viii. “Non-Change
in Control Qualifying Termination” means a Qualifying Termination that is not a Change in Control Qualifying Termination. 

ix. “Performance-Based Equity” means equity or equity-based awards (or portions) granted to you by the
Company after the Effective Time that are eligible to vest, as of the Separation Date, in whole or in part (excluding any portion that qualifies as Time-Based Equity) based on the performance of the Company and its Affiliates; provided that
in no event shall any equity or equity-based award granted to you under the McAfee 2017 Management Incentive Plan and no award issued in exchange or substitution therefor (e.g., performance-based restricted stock units settled in
shares of the Company’s Class A common stock substituted for performance-based restricted equity units of Foundation Technology Worldwide LLC) will be treated as “Performance-Based Equity”. 

x. “Prior Agreement” means [____]. 

xi. “Qualifying Termination” means a termination of your Employment by (i) the Company or any of
its Affiliates without Cause, or (ii) your resignation from the Company and its Affiliates for Good Reason. A “Qualifying Termination” does not include a termination of your Employment due to your death or disability. 

  
 6 

 xii. “Restrictive Covenants” means all non-competition, non-solicitation, no-hire, non-disparagement, invention assignment,
cooperation and other restrictive covenants or similar obligations, in each case, to or in favor of the Company or any of its Affiliates by which you are currently bound, which shall remain in full force and effect in accordance with their terms.

 xiii. “Section 409A” means, collectively, Section 409A of
the Code and the regulations thereunder. 
 xiv. “Separation Date” means the date your Employment
terminates. 
 xv. “Time-Based Equity” means equity or equity-based awards (or portions) issued to
you by the Company or Foundation Technology Worldwide, LLC that are eligible to vest solely based on your continued Employment. 
 2. Conditions to
Payment; Restrictive Covenants. Any obligation of the Company to pay or provide you with any severance payments or benefits under this Agreement is conditioned upon (i) your continued (A) compliance with any Restrictive Covenants
regarding non-competition, non-solicitation and no-hire and (B) material compliance with any other Restrictive Covenants,
and (ii) your execution and delivery to the Company of a general release and waiver of claims in favor of the Company and its Affiliates in substantially the form attached hereto as Exhibit B (the “Release”) and
the Release becoming fully effective and irrevocable by the date specified therein, but in no event more than sixty (60) days following the Separation Date. BY SIGNING THIS AGREEMENT YOU EXPRESSLY AFFIRM THAT YOU ARE AND SHALL REMAIN BOUND BY
ALL RESTRICTIVE COVENANTS THAT APPLY TO YOU IN ACCORDANCE WITH THEIR TERMS TO THE SAME EXTENT AS IF SET FORTH IN FULL HEREIN. 
 3. No Other Severance
Benefits. The payments provided by this Agreement are in lieu of and shall supersede any severance or similar payments or benefits that you may otherwise be entitled to upon termination of your Employment, including, without limitation, under
the Prior Agreement or any severance policy of the Company or any of its Affiliates; provided that if payments or benefits become payable hereunder and if the severance payments and benefits provided under the Prior Agreement remained
payable, to the extent such payments and benefits would be greater than the payments and benefits payable hereunder (the “Excess Payments”), the Excess Payments shall, subject to terms and conditions of this Agreement, be
payable hereunder but in accordance with the payment schedule that would have applied to them under the Prior Agreement as determined in good faith by the Company (taking into account the payments and benefits provided hereunder and with due regard
for Section 409A). 
 4. Withholding. The Company and its Affiliates may withhold from all amounts payable under this Agreement any taxes or
other amounts required by law to be withheld with respect to such payments, as determined by the Company or any of its Affiliates in its sole discretion. 

5. Scope of Agreement. Nothing in this Agreement will be deemed to entitle you to continued Employment or other service, limit the rights of the Company
or its Affiliates to terminate your Employment at any time for any reason or alter the at-will nature of your Employment. 

  
 7 

 6. Section 409A. All amounts payable under this Agreement are intended to be
exempt from, or comply with, the requirements of Section 409A. To the extent required to comply with or be exempt from Section 409A, you will not be considered to have terminated employment with the Company or its Affiliates for purposes
of this Agreement, and no payment will be due to you under this Agreement, until you have incurred a “separation from service” from the Company and its Affiliates within the meaning of Section 409A (after giving effect to the
presumptions set forth therein). If you are determined to be a “specified employee” at the time of your separation from service and the payments to you hereunder are deemed to be “nonqualified deferred compensation” within the
meaning of Section 409A then, to the extent necessary to prevent any accelerated or additional tax under Section 409A, payment of the amounts payable under this Agreement will be delayed until the earlier of (i) the date that is six
months and one day following your separation from service or (ii) your death. Each amount paid to you pursuant to this Agreement shall be treated as a separate payment for purposes of Section 409A and the right to a series of installment
payments under this Agreement shall be treated as the right to a series of separate payments. To the extent required by Section 409A, if the period available to execute (and not revoke) the Release spans two calendar years, any payments or
benefits provided to you under this Agreement will be paid in the second calendar year. To the extent required to comply with Section 409A, a Change in Control will not be deemed to occur for purposes of this Agreement unless it is a
“change in control event” as defined in Section 1.409A-3(i)(5)(i) of the Treasury Regulations, and if it is not a “change in control event,” payment of the severance described in
Section 1(b) of this Agreement shall instead be paid as provided under Section 1(a) of this Agreement (unless the severance, or portion thereof, could be paid earlier without resulting in adverse tax consequences under Section 409A).
Notwithstanding the foregoing or anything to the contrary in this Agreement, neither the Company nor any other person will be liable to you by reason of any acceleration of income, or any additional tax (including any interest and penalties),
asserted with respect to any of the payments under this Agreement, including by reason of the failure of this Agreement to satisfy the applicable requirements of Section 409A in form or in operation. To the extent required to avoid an
accelerated or additional tax under Section 409A, amounts reimbursable to you under this Agreement shall be paid to you on or before the last day of the year following the year in which the expense was incurred and the amount of expenses
eligible for reimbursement (and in-kind benefits provided to you) during any one year may not affect amounts reimbursable or provided in any subsequent year and may not be liquidated or exchanged for any other
benefit. 
 7. Section 280G. If all, or any portion, of the payments or benefits provided under this Agreement or otherwise, either
alone or together with any other payment or benefit that you receive or are entitled to receive from the Company or any of its subsidiaries or affiliates, could reasonably be expected to constitute an “excess parachute payment” within the
meaning of Section 280G of the Code, then, notwithstanding anything in this Agreement or any other agreement or plan to the contrary, you will be entitled to receive: (A) the amount of such payments or benefits, reduced such that no
portion thereof shall fail to be tax deductible under Section 280G of the Code (the “Limited Amount”), or (B) if the amounts otherwise payable hereunder and under any other agreements and plans of the Company and
its subsidiaries and affiliates (without regard to clause (A)), reduced by all taxes applicable thereto (including, for the avoidance of doubt, the excise tax imposed by Section 4999 of the Code) would be greater than the Limited Amount reduced
by all taxes applicable thereto, the amounts otherwise payable hereunder and thereunder. All determinations under this Section 7 will be made by an accounting, consulting, or valuation firm selected, and paid for, by the Company and any
reductions in payments or benefits hereunder shall be made by reducing first any payments or benefits that are exempt from Section 409A and then reducing any payments or benefits that are subject to Section 409A in the reverse order in
which such payments or benefits would be paid or provided (beginning with such payment or benefit that would be made last in time and continuing, to the extent necessary, through to such payment or benefit that would be made first in time). 

  
 8 

 8. Assignment. Neither the Company nor you may assign any rights or obligations under this Agreement,
by operation of law or otherwise, without the prior written consent of the other, except that the Company may assign its rights and obligations under this Agreement without your consent to one of its Affiliates, and the Company will assign its
rights and obligations under this Agreement in the event of a reorganization, consolidation, or merger involving the Company or any of its Affiliates in which the Company is not the surviving entity, or a transfer of all or substantially all of the
Company’s assets or line of business to which your Employment principally relates. This Agreement shall inure to the benefit of and be binding upon you and the Company and your and its respective successors, executors, administrators, heirs and
permitted assigns. 
 9. Company Policies. By your execution of this Agreement, you acknowledge that all compensation and benefits paid or provided to
you under this Agreement or otherwise shall be subject to the McAfee Clawback Policy and the McAfee Executive Officer and Director Equity Ownership Requirements, and you agree that you will comply with the terms of such policies as in effect from
time to time. 
 10. Choice of Law; Forum; Validity. This Agreement, including Exhibit A will be governed by and construed in accordance with
the laws of the State of Delaware, without regard to any conflict of laws principles that could result in the application of the laws of another jurisdiction. Except as otherwise provided by any applicable arbitration agreement with the Company or
its Affiliates by which you are bound, you and all persons claiming through you agree to submit to the exclusive jurisdiction of the courts of and in the State of Delaware in connection with any dispute arising out of this Agreement. Notwithstanding
anything to the contrary in this Agreement or any other document, no exception to the application of Delaware law or choice of forum shall apply with respect to you or any person claiming through you even if you are an employee who primarily resides
and/or works in California. By signing this Agreement, you acknowledge and agree that you have been individually represented by legal counsel in negotiating the terms of this Agreement. For the avoidance of doubt, the Restrictive Covenants will be
subject to the law of the jurisdiction specified by the terms set forth in the applicable Restrictive Covenant agreement. 
 11. Notice. For purposes
of this Agreement, notices and all other communications provided for in the Agreement shall be in writing and shall be deemed to have been duly given when delivered by hand or overnight courier or three days after it has been mailed by United States
registered mail, return receipt requested, postage prepaid, addressed to the respective addresses set forth below in this Agreement, or to such other address as either party may have furnished to the other in writing in accordance herewith, except
that notice of change of address shall be effective only upon receipt. 
  

			
	 If to the Company:
	  	McAfee Corp.
		  	6220 America Center Drive
		  	San Jose, California 95002
		  	Attn: General Counsel
		
	 If to you:
	  	To your address on file with the Company

  
 9 

 12. Miscellaneous. 

(a) Entire Agreement. Subject to Section 3, this Agreement (including Exhibit A) is the entire agreement between you and the
Company, and replaces all prior and contemporaneous communications, agreements, and understandings, whether written or oral, with respect to the subject matter described herein; provided that the foregoing shall not supersede (i) any
effective confidentiality, assignment of intellectual property or other restrictive covenant agreement, policy or other similar arrangement in favor of the Company or any of its Affiliates by which you are bound, including under the Prior Agreement
or (ii) any arbitration or similar agreement with the Company or any of its Affiliates by which you are bound. 
 (b)
Modification/Amendment. No modification or amendment of this Agreement will be valid unless such modification or amendment is agreed to in writing and signed by you and by a duly authorized officer of the Company. 

13. Counterparts. This Agreement may be executed in two or more counterparts, each of which will be an original and all of which together will
constitute the same instrument. 
 [The remainder of the page is intentionally left blank.] 

  
 10 

 You acknowledge that you have been and are hereby advised of your right to consult an attorney before
signing this agreement. 
  

			
	Sincerely,
	
	MCAFEE CORP.
		
	By:	 	
                     

	Name: [Name]
	Title: [Title]

  

	
	ACCEPTED AND AGREED:
	
	  

	Name: [Name]

  
 11 

 SCHEDULE I 

INVENTION ASSIGNMENT NOTICE 
 You are
hereby notified that the Restrictive Covenant Agreement among you, McAfee. Corp., a Delaware corporation, and McAfee, LLC, a Delaware limited liability company, dated as of [________], 2020, does not apply to any invention which qualifies fully for
exclusion under the provisions of Section 2870 of the California Labor Code. Following is the text of California Labor Code § 2870: 

CALIFORNIA LABOR CODE SECTION 2870 

(a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an
invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions
that either: 
 (1) Relate at the time of conception or reduction to practice of the invention to the employer’s
business, or actual or demonstrably anticipated research or development of the employer; or 
 (2) Result from any work
performed by the employee for the employer. 
 To the extent a provision in an employment agreement purports to require an employee to assign an invention
otherwise excluded from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable. 
  

			
	MCAFEE CORP.
		
	By:	 	
                     
        

	Name:	 	
	Title:	 	
	
	MCAFEE, LLC
		
	By:	 	
                     
    

	Name:	 	
	Title:	 	

  
 12 

 I acknowledge receiving a copy of this Invention Assignment Notice: 

 
     [Executive Name] 

Date:____________________ 

  
 13 

 EXHIBIT B 

RELEASE OF CLAIMS 
 FOR
AND IN CONSIDERATION OF the severance pay and benefits to be provided to me under the letter agreement between me, McAfee Corp., a Delaware corporation (the “Company”), (the “Severance Agreement”), which are
conditioned on my signing this Release of Claims and to which I am not otherwise entitled, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, I, on my own behalf and on behalf of my heirs,
executors, administrators, beneficiaries, representatives and assigns, and all others connected with or claiming through me, hereby release and forever discharge the Company and its current and past parents, subsidiaries and other affiliates and all
of their respective past, present and future officers, directors, trustees, shareholders, employees, agents, employee benefit plans, general and limited partners, members, managers, investors, joint venturers, representatives, successors and
assigns, and all others connected with any of them, both individually and in their official capacities (collectively, the “Released Parties”), from any and all causes of action, rights and claims of any type or description, known or
unknown, which I have had in the past, now have, or might now have, through the date of my signing of this Release of Claims, in any way related to, connected with or arising out of my employment or its termination or the Severance Agreement or
pursuant to any federal, state or local law, regulation or other requirement (including without limitation Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act,
the Employee Retirement Income Security Act, the Americans with Disabilities Act, and/or the fair employment practices statute of the state or states in which I was previously employed by the Company or otherwise had a relationship with the Company
or any of its subsidiaries or other affiliates, each as amended from time to time) (collectively, the “Released Claims”). This Release of Claims shall not apply to (a) any claim that arises after I sign this Release of Claims,
(b) any rights to indemnification that I may have, (c) any claim that may not be waived pursuant to applicable law, (d) my rights to severance pay and benefits under the Severance Agreement as set forth on Schedule I1, (e) any rights I may have in respect of any vested equity that remains outstanding in accordance with its terms after my termination of employment or (f) my rights to any vested benefits
to which I am entitled under the terms of any of the Company’s employee benefit plans. 
 If I am a California-based employee, in
signing this Release, I expressly waive and relinquish all rights and benefits afforded by Section 1542 of the Civil Code of the State of California, and do so understanding and acknowledging the significance of such specific waiver of
Section 1542, which Section states as follows: 
 A general release does not extend to claims that the creditor or releasing party does
not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party. 

 

	1 	 Schedule to reflect severance owed at termination.

  
 14 

 Thus, notwithstanding the provisions of Section 1542, and for the purpose of implementing a full and
complete release and discharge of the Released Parties, I expressly acknowledge that this Release is intended to include in its effect, without limitation, all Released Claims which I do not know or suspect to exist in my favor at the time of
execution hereof, and that this Release contemplates the extinguishment of such Release Claim or Released Claims. 
 Notwithstanding the
foregoing, nothing in this Release of Claims shall be construed to prohibit me from filing a charge with or participating in any investigation or proceeding conducted by the federal Equal Employment Opportunity Commission or a comparable state or
local agency, except that I hereby agree to waive my right to recover monetary damages or other individual relief in any such charge, investigation or proceeding, or any related complaint or lawsuit filed by me or by anyone else on my behalf. 

In signing this Release of Claims, I acknowledge my understanding that I may consider the terms of this Release of Claims for up to [twenty-one (21)/forty-five (45)]2 days from the date I receive it and that I may not sign this Release of Claims until after the date my employment with the
Company terminates. I also acknowledge that I am hereby advised by the Company to seek the advice of an attorney prior to signing this Release of Claims; that I have had sufficient time to consider this Release of Claims and to consult with an
attorney, if I wished to do so, or to consult with any other person of my choosing before signing; and that I am signing this Release of Claims voluntarily and with a full understanding of its terms. 

I further acknowledge that, in signing this Release of Claims, I have not relied on any promises or representations, express or implied, that
are not set forth expressly in the Release of Claims. I understand that I may revoke this Release of Claims at any time within seven (7) days of the date of my signing by written notice to the Chairman of the Company’s Board of Directors
and that this Release of Claims will take effect only upon the expiration of such seven-day revocation period and only if I have not timely revoked it. 

Intending to be legally bound, I have signed this Release of Claims as of the date written below. 

 

			
	Signature:
                                         
               	  	
		
	Name:
                                         
                     	  	
		
	Date Signed:
                                         
           	  	

  
  

	2 	 To be determined by the Company at the time of separation. 

  
 15

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