Document:

Trademark Agreement

 Exhibit 10.3 
 EXECUTION COPY 
 TRADEMARK AGREEMENT 

Between 
 ADT
SERVICES GMBH (“Tyco”) 
 and 
 ADT US HOLDINGS, INC. (“ADT Residential”) 
 and, solely for
purposes of Section 6.3 herein 
 TYCO INTERNATIONAL LTD. (“Tyco Parent”) 

and 
 THE ADT
CORPORATION (“ADT Parent”) 
 Effective Date: September 25, 2012 

 TRADEMARK AGREEMENT 

This TRADEMARK AGREEMENT (this “Agreement”) dated as of September 25, 2012, by and among ADT SERVICES GMBH, a
company organized under the laws of Switzerland (“Tyco”), on the one hand, ADT US HOLDINGS, INC., a corporation organized under the laws of Delaware (“ADT Residential”, and together with Tyco, the
“Parties”) and, solely for purposes of Section 6.3 herein, TYCO INTERNATIONAL LTD., a corporation limited by shares (Aktiengesellschaft) organized under the laws of Switzerland (“Tyco Parent”) and THE
ADT CORPORATION, a Delaware corporation (“ADT Parent”). 
 WHEREAS, Tyco Parent and ADT Parent are currently
Affiliates (as defined below) and Tyco Parent and ADT Parent, directly or indirectly through their respective Affiliates (as defined below), have used the ADT Brand in connection with their businesses; 

WHEREAS, Tyco Parent, intends to divest its residential and small business security business and its flow control business (the
“Businesses”) pursuant to (a) that certain Separation and Distribution Agreement dated as of March 27, 2012 by and among Tyco Parent, Tyco Flow Control International Ltd., a company organized under the laws of Switzerland,
and ADT Parent, which relates primarily to the separation and distribution of the flow control business of Tyco Parent and the subsequent merger of the flow control business with and into Pentair, Inc., a corporation organized under the laws of
Minnesota (the “Flow Distribution Agreement”), and (b) that certain Separation and Distribution Agreement to be entered into by and between Tyco Parent, Tyco International Finance S.A., a corporation organized under the laws of
Luxembourg, ADT Parent, and ADT LLC, an entity organized under the laws of Delaware, which relates primarily to the separation and distribution of the residential and small business security business of Tyco Parent (the “ADT Distribution
Agreement”); 
 WHEREAS, prior to and to facilitate such divestment, Tyco Parent and its Affiliates (as defined below)
intend to carry out an intra-group corporate reorganization to separate the Businesses from Tyco Parent’s other businesses (the “Reorganization”); 
 WHEREAS, in furtherance of the Reorganization and pursuant to the Purchase Agreement dated as of September 26, 2012 by and among Tyco and Tyco International Services Holding GmbH, a company organized
under the laws of Switzerland (“TISH”), Tyco will sell its rights in the ADT Brand to TISH and simultaneously therewith, TISH will agree to be bound by the terms of this Agreement; 

WHEREAS, in furtherance of the Reorganization and pursuant to the Assignment Agreement dated as of September 26, 2012 by and among
TISH and Tyco International Holding S.a.r.l., a company organized under the laws of Luxembourg (“TSarl”), TISH will assign its rights in the ADT Brand in the ADT Residential Territory to TSarl and simultaneously therewith, TSarl
will agree to be bound by the terms of this Agreement; 
 WHEREAS, in furtherance of the Reorganization and pursuant to the
Purchase Agreement dated as of September 26, 2012 by and among TSarl and ADT Residential, TSarl will sell, and ADT Residential will purchase, the ADT Brand in the ADT Residential Territory and

 
simultaneously therewith, ADT Residential will acknowledge the continued effectiveness of this Agreement and will agree to be bound by this Agreement in its capacity as assignee and purchaser
under the Purchase Agreement; 
 WHEREAS, in furtherance of the Reorganization, certain secondary brands subject to this
Agreement will be transferred by and among Tyco (or its Affiliates) and ADT Residential (or its Affiliates), and each transferee of the secondary brands will agree to be bound by the terms of this Agreement; 

WHEREAS, after the Reorganization, the Parties will no longer be affiliated, but each of Tyco and ADT Residential wish to continue to use
the ADT Brand in the Tyco Territory and the ADT Residential Territory (each as defined below), respectively, and the Parties have agreed to allow such use, subject to the terms and conditions herein; 

WHEREAS, each Party recognizes that the ADT Brand is valuable in many countries worldwide, and due to the global nature of the Internet
and social media, each Party’s conduct of its business under the ADT Brand in its respective territory has the potential to damage the goodwill of the ADT Brand in the other Party’s territory, and therefore, the Parties need to take
certain actions to minimize the possibility of such damage; 
 WHEREAS, given the Parties’ relationship as Affiliates prior
to the Reorganization, each Party is willing to agree on certain restrictions on each Party’s use of the ADT Brand in the other Party’s territory beyond those restrictions set by trademark Law for use by an unrelated third party; and

 WHEREAS, this Agreement is an Ancillary Agreement that must be executed pursuant to Section 3.5 of the ADT
Distribution Agreement. 
 NOW, THEREFORE, in consideration of the promises and of the mutual covenants and agreements herein
contained, and for good and valuable consideration, including that set forth in the ADT Distribution Agreement, the receipt and adequacy of which is hereby acknowledged, the Parties agree as follows: 

ARTICLE 1 - DEFINITIONS 
 1.1 Definitions. The following capitalized terms used in this Agreement shall have the meanings set forth below. 
 “Action” shall mean any demand, action, claim, suit, countersuit, arbitration, inquiry, subpoena, case, litigation, proceeding or investigation (whether civil, criminal, administrative or
investigative) by or before any court or grand jury, any Governmental Entity or any arbitration or mediation tribunal. 

“ADT Brand” shall mean any Source Indicator to the extent comprising or including (i) the wordmark ADT in any
style, design or font, (ii) the shape of an octagon in any shade of the color blue (in the case of (i) and (ii), including but not limited to the Source Indicators set forth on Schedule A), (iii) the phrase ALWAYS THERE, and/or
(iv) any one or more of the terms SAFEWATCH, SAFEWATCH CELLGUARD and VIDEOVIEW. 

 “ADT Parent Group” shall mean ADT Parent and any Person that is a direct or
indirect Subsidiary of ADT Parent as of the Trademark Assignment Date. 
 “ADT Residential Territory” shall
mean Canada, the United States, Puerto Rico and the U.S. Virgin Islands. 
 “Affiliate” shall mean, when used
with respect to a specified Person, a Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with such specified Person. For the purposes of this definition,
“control”, when used with respect to any specified Person shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of
voting securities or other interests, by Contract or otherwise. It is expressly agreed that no Party or member of any Group shall be deemed to be an Affiliate of another Party or member of such other Party’s Group by reason of having one or
more directors in common. For purposes of this Agreement, after the Trademark Assignment Date, no member of the ADT Parent Group shall be considered an “Affiliate” of Tyco, and no member of the Tyco Parent Group, other than any member that
is a member of the ADT Parent Group, shall be considered an “Affiliate” of ADT Residential. “Person” shall mean any natural person, firm, individual, corporation, business trust, joint venture, association, company,
limited liability company, partnership or other organization or entity, whether incorporated or unincorporated, or any Governmental Entity. 
 “Source Indicators” shall mean trademarks, service marks, corporate names (including d/b/a, f/k/a and similar designations), trade names, domain names, logos, slogans, designs, trade
dress and other designations of source or origin, together with the goodwill symbolized by any of the foregoing. 

“Subsidiary” shall mean with respect to any Person (i) a corporation, fifty percent (50%) or more of the
voting or capital stock of which is, as of the time in question, directly or indirectly owned by such Person and (ii) any other partnership, joint venture, association, joint stock company, trust, unincorporated organization or other entity in
which such Person, directly or indirectly, owns fifty percent (50%) or more of the equity economic interest thereof or has the power to elect or direct the election of fifty percent (50%) or more of the members of the governing body of
such entity or otherwise has control over such entity (e.g., as the managing partner of a partnership). 
 “Trademark
Assignment Date” shall mean September 26, 2012. 
 “Tyco Parent Group” shall mean Tyco Parent and
any Person that is a direct or indirect subsidiary of Tyco Parent as of the date hereof. 
 “Tyco Territory”
shall mean any country, jurisdiction or territory outside of the ADT Residential Territory. 
 1.2 Terms Generally.
References in this Agreement to any gender include references to all genders, and references to the singular include references to the plural and vice versa. Unless the context otherwise requires, the words “include”, “includes”
and “including” when used in this Agreement shall be deemed to be followed by the phrase “without limitation”. 

 Unless the context otherwise requires, references in this Agreement to Articles, Sections, Annexes, Exhibits
and Schedules shall be deemed references to Articles and Sections of, and Annexes, Exhibits and Schedules to, this Agreement. Unless the context otherwise requires, the words “hereof”, “hereby” and “herein” and words of
similar meaning when used in this Agreement refer to this Agreement in its entirety and not to any particular Article, Section or provision of this Agreement. Capitalized terms used but not defined herein shall have the meaning provided for them in
the ADT Distribution Agreement. 
 ARTICLE 2 - BRAND OWNERSHIP/USE 

2.1 Ownership of ADT Brand. 
 (a) As between the Parties, as of the Trademark Assignment Date, ADT Residential shall be the sole owner of (i) the ADT Brand (including the registrations and applications for the ADT Brand set forth
on Schedule B) and (ii) the registrations and applications set forth on Schedule B other than those for the ADT Brand, in each case in the ADT Residential Territory. Tyco will not challenge or contest such rights or the validity
or enforceability of the foregoing in the ADT Residential Territory. For clarity, in light of the Parties’ prior status as Affiliates, Tyco agrees that it and its Affiliates will not register, attempt to register or (subject to Sections 2.6 and
2.7) use the ADT Brand as or as part of any type of Source Indicator in the ADT Residential Territory, in connection with any type of goods or services, or the advertising, marketing or promotion thereof. 

(b) As between the Parties, as of the Trademark Assignment Date, Tyco shall be the sole owner of (i) the ADT Brand (including the
registrations and applications for the ADT Brand set forth on Schedule C) and (ii) the registrations and applications set forth on Schedule C other than those for the ADT Brand, in each case in the Tyco Territory. ADT Residential
will not challenge or contest such rights or the validity or enforceability of the foregoing in the Tyco Territory. For clarity, in light of the Parties’ prior status as Affiliates, ADT Residential agrees that it and its Affiliates will not
register, attempt to register or (subject to Section 2.6) use the ADT Brand as or as part of any type of Source Indicator in the Tyco Territory, in connection with any type of goods or services, or the advertising, marketing or promotion
thereof. 
 2.2 Current Secondary Brands. 
 (a) Tyco acknowledges that, after the Trademark Assignment Date, ADT Residential shall, as between the Parties, own all Source Indicators worldwide containing the terms set forth on Schedule D (the
“ADT Secondary Brands”). ADT Residential acknowledges that Tyco currently owns multiple trademark registrations for the term “ADT” together with the ADT Secondary Brands. Tyco agrees that, after the Trademark Assignment
Date, Tyco will not use or register or attempt to register (including in New Media) any ADT Secondary Brands (whether alone or together with an ADT Brand) as any type of Source Indicator in any country or jurisdiction, but at ADT Residential’s
request and expense, Tyco will, to the fullest extent permitted by applicable Law: (i) maintain any existing registrations and prosecute all existing applications (and maintain any registrations issuing therefrom) containing the ADT Secondary
Brands, in all applicable countries and jurisdictions, until ADT Residential obtains its own registration for the ADT Secondary Brands in such countries or jurisdictions, (ii) take all 

 
appropriate actions, including abandoning or cancelling any such applications or registrations or granting consents to ADT Residential with respect thereto, to permit ADT Residential to obtain
its own registrations for the ADT Secondary Brands in such countries or jurisdictions and (iii) take all appropriate and reasonable actions, at ADT Residential’s expense, to assist ADT Residential in enforcing the ADT Secondary Brands
against third parties. For clarity, ADT Residential may use and register the ADT Secondary Brands outside of the ADT Residential Territory, but shall not use, register or attempt to register any ADT Secondary Brand together with the ADT Brand
outside of the ADT Residential Territory. 
 (b) ADT Residential acknowledges that, after the Trademark Assignment Date, Tyco
shall, as between the Parties, own all Source Indicators worldwide containing the terms set forth on Schedule E (the “Tyco Secondary Brands”). Tyco acknowledges that ADT Residential currently owns multiple trademark
registrations for the term “ADT” together with the Tyco Secondary Brands. ADT Residential agrees that, after the Trademark Assignment Date, ADT Residential will not use or register or attempt to register (including in New Media) any Tyco
Secondary Brands (whether alone or together with an ADT Brand) as any type of Source Indicator in any country or jurisdiction, but at Tyco’s request and expense, ADT Residential will, to the fullest extent permitted by applicable Law:
(i) maintain any existing registrations and prosecute all existing applications (and maintain any registrations issuing therefrom) containing the Tyco Secondary Brands, in all applicable countries and jurisdictions, until Tyco obtains its own
registration for the Tyco Secondary Brands in such countries or jurisdictions, (ii) take all appropriate actions, including abandoning or cancelling any such applications or registrations or granting consents to Tyco with respect thereto, to
permit Tyco to obtain its own registration for the Tyco Secondary Brands in such countries or jurisdictions and (iii) take all appropriate and reasonable actions, at Tyco’s expense, to assist Tyco in enforcing the Tyco Secondary Brands
against third parties. For clarity, Tyco may use and register the Tyco Secondary Brands outside of the Tyco Territory, but shall not use, register or attempt to register any Tyco Secondary Brand together with the ADT Brand outside of the Tyco
Territory. 
 (c) The Parties acknowledge that the ADT Secondary Brands and Tyco Secondary Brands do include (and a Designated
Secondary Brand in Section 2.4 may include) certain words that are found in the dictionary. A Party will not breach Section 2.2(a), 2.2(b) or 2.3, and 2.4, as applicable, by using any such words in a generic sense, so long as such Party
does not use such words as a Source Indicator. 
 2.3 Shared Secondary Brands. 

(a) Notwithstanding anything to the contrary in this Agreement, the Distribution or other Ancillary Agreements, the Parties acknowledge
that the Parties have used, and may continue to use, secondary Source Indicators that are not included in the ADT Brand and, after the Trademark Assignment Date, wish to share use of the SECURITYLINK (as one or two words) and SELECT, SELECT LINK and
SELECT FLEET MANAGER (collectively, the “SELECT Marks”) secondary Source Indicators, as set forth below (the SECURITYLINK and the SELECT Marks shall be collectively hereinafter referred to as the “Shared Secondary Brands”).

 (b) After the Trademark Assignment Date, ADT Residential may use, attempt to register and
register (including in New Media), in the ADT Residential Territory, the Shared Secondary Brands alone, together or in association with any ADT Brand, ADT Residential Source Indicator and/or word, so long as such SECURITYLINK mark or SELECT
Mark, as the case may be, is not identical or confusingly similar to a Shared Secondary Brand registered or applied-for by Tyco or its Affiliates in the ADT Residential Territory. Accordingly, ADT Residential may use either or both Shared Secondary
Brands alone (as one or more words) provided such Shared Secondary Brands are used in association with an ADT Residential Source Indicator (e.g., a SECURITYLINK tab on its or its Affiliates websites, in ADT Residential marketing materials). For the
avoidance of doubt, the Parties acknowledge and agree that a mark comprised of ADT SECURITYLINK, ADT SECURITY LINK or SECURITYLINK with an ADT Source Indicator, is not identical or confusingly similar to the SECURITYLINK marks registered by Tyco or
its Affiliates. 
 (c) After the Trademark Assignment Date, Tyco may use, attempt to register and register (including in New
Media), worldwide, the Shared Secondary Brands alone, or together or in association with any Tyco Source Indicator and/or word, so long as such SECURITYLINK or SELECT Mark, as the case may be, is not identical or confusingly similar to a Shared
Secondary Brand registered or applied-for by ADT Residential or its Affiliates in the ADT Residential Territory. Accordingly, Tyco may use either or both Shared Secondary Brands alone (as one or more words) provided such Shared Secondary Brands are
used in association with a Tyco Source Indicator (e.g., a SELECT tab on its or its Affiliates websites, in Tyco marketing materials). For the avoidance of doubt, the Parties acknowledge and agree that a mark comprised of TYCO SELECT, TYCO SELECT
LINK, TYCO SELECT FLEET MANAGER or SELECT together with a Tyco Source Indicator, is not identical or confusingly similar to the ADT SELECT and ADT SELECT LINK marks registered by ADT Residential or its Affiliates. 

(d) At a Party’s request and expense, the other Party agrees to, to the fullest extent permitted by applicable Law: (i) take
all appropriate actions, including granting consents to the requesting Party with respect thereto, to permit the requesting Party to obtain its own registrations for the Shared Secondary Brands as permitted under this Agreement; and
(ii) cooperate and take all appropriate and reasonable actions, at the requesting Party’s expense, to assist the requesting Party in enforcing the Shared Secondary Brands against third parties not authorized by either Party or their
Affiliates. In the event that, for any reason whatsoever, only one of the Parties is permitted by the competent administrative jurisdiction to register its Shared Secondary Brand in the ADT Residential Territory, the Party whose trademark is so
registered shall not challenge, oppose, impede or hinder the other Party’s ownership and/or use of such Shared Secondary Brand in accordance with this Agreement. 
 (e) The Parties intend and agree that their permitted uses of their respective Shared Secondary Brands as contemplated in this Section 2.3, will not create a likelihood of confusion among consumers
in the ADT Residential Territory. After the Trademark Assignment Date, the Parties agree to cooperate with each other as may be reasonably necessary to minimize or eliminate any confusion or potential confusion that may arise as a result of the use
of the Shared Secondary Brands in the ADT Residential Territory. 

 (f) For the avoidance of doubt, none of the rights conferred in this Section 2.3 grants
either Party the right to infringe the other Party’s legal rights in any manner. 
 2.4 Future Secondary Brands. The
Parties acknowledge that the Parties have used major secondary Source Indicators that are not included in the ADT Brand (e.g., PULSE) and may, after the Trademark Assignment Date, wish to adopt as major secondary trademarks one or more new words or
terms that are not included in the definition of “ADT Brand” herein. Given the Parties’ prior status as Affiliates, the Parties acknowledge the need for a Party to restrict its use of certain new, significant secondary Source
Indicators of the other Party beyond the boundaries set by trademark Law for use by an unrelated third party. Therefore, each Party has the right, during the term of this Agreement, to provide written notice to the other Party of a maximum of
fifteen (15) new secondary Source Indicators as proposed “Designated Secondary Brands”. If (i) the notifying Party owns a registration or has filed an application to register such new secondary Source Indicator (either
standing alone or in connection with the term “ADT” or the phrase “ALWAYS THERE”) in a country or jurisdiction in such Party’s territory, (ii) such secondary Source Indicator qualifies for registration on a standalone
basis (e.g., it is not a generic or descriptive term such as “security,” “protection,” “alarm” or “supervision”) and (iii) such secondary Source Indicator has not been used as a material Source Indicator
by the other Party or its Affiliates in any territory in the previous seven (7) years, then such secondary Source Indicator will be deemed a “Designated Secondary Brand” of that notifying Party, effective thirty (30) days after
the above notice, unless the other Party provides written objection to the designating Party before such effective date, claiming that such secondary Source Indicator does not meet all of the above criteria. If the other Party makes such timely
objection, the provisions of Section 8.9 shall apply to resolve the issue. Once a new secondary Source Indicator becomes a Designated Secondary Brand of a Party, the other Party shall not use, register or attempt to register it (including in
New Media) as any type of Source Indicator in any country, jurisdiction or territory, in connection with any goods or services, whether standing alone or in connection with an ADT Brand. For example, if Tyco or ADT Residential, as the case may be,
adopts ADT SUPERNOVA or SUPERNOVA as a Designated Secondary Brand, ADT Residential or Tyco, as the case may be, may not use SUPERNOVA (either alone or in combination with the term “ADT”, the phrase “ALWAYS THERE”, TYCO or other
Source Indicators) in connection with any goods or services in any country or jurisdiction in its territory. For clarity, the provisions of this Section 2.4 do not modify Sections 2.1 or 2.2 and/or the Parties’ rights under applicable
trademark Law with respect to any new secondary Source Indicator that is not a Designated Secondary Brand. 
 2.5 No
Restriction on Competition. For clarity, without limiting a Party’s rights under Section 2.6, nothing in this Agreement is intended to restrict either Party from operating any business in any territory under a Source Indicator that is
not otherwise restricted under the terms of this Agreement and that does not infringe the other Party’s legal rights. 

2.6 No Other Restrictions. Notwithstanding Section 2.1, each Party may (i) use the term “ADT” at all times
after the Trademark Assignment Date in any territory (a) in plain text and in a neutral manner, not as a trademark, to describe the history of the ADT business and (b) as required by applicable Law, and (ii) use the ADT Brand on
(a) archival copies of legal documents, business correspondence and similar items that cannot be modified or have the ADT Brand covered or deleted therefrom, (b) printed or hard copy corporate documents and other

 
materials describing the worldwide operations of each Party’s and its Affiliates’ businesses, provided that such materials shall not reasonably suggest or convey that such Party or its
Affiliates are offering goods or services under the ADT Brand in the other Party’s territory, and (c) printed or hard copy corporate or promotional materials provided to actual or potential customers outside a Party’s territory,
solely to promote or advertise such Party’s or its Affiliates’ businesses within its respective territory. For clarity, (x) neither Party is required hereunder to use the ADT Brand at any time, and any such non-use will not affect the
other Party’s covenants hereunder, subject to Section 5.2 and (y) nothing in this Agreement is intended to limit or restrict each Party’s right to assert its rights under applicable trademark Law against the other Party, with
respect to the other Party’s use or registration of any ADT Brand, ADT Secondary Brand, Tyco Secondary Brand, Shared Secondary Brand, or Designated Secondary Brand that is not expressly permitted by this Agreement. 

2.7 Transitional License. ADT Residential, on behalf of itself and its Affiliates, hereby grants Tyco and its Affiliates a
transitional, non-exclusive, non-transferable and royalty-free license to use the ADT Brand in the ADT Residential Territory, solely in connection with any existing business that Tyco has previously operated under the ADT Brand in the ADT
Residential Territory, solely in a manner that is both consistent with the nature and quality of Tyco’s past practice and in accordance with the sunset provisions in Schedule F hereto. Tyco acknowledges and agrees that this transitional
license expressly excludes the right, after the Trademark Assignment Date, to grant any third party any new sublicense to use the ADT Brand in the ADT Residential Territory. All rights not expressly set forth in this Section 2.7 are expressly
reserved by ADT Residential. 
 2.8 Licensees/Affiliates. Each Party may freely license the ADT Brand within its
respective territory, provided that a Party is liable hereunder for any action or inaction by a licensee that would breach this Agreement if committed by a Party. Neither Party shall license or authorize a licensee to take any action that
would violate this Agreement if committed by a Party. A Party’s obligations hereunder shall extend to its Affiliates as if they were Parties hereto. 
 ARTICLE 3 - PARTIES’ OBLIGATIONS 
 3.1 Quality Control. Each
Party shall use the ADT Brand solely: (i) in good faith, in a dignified manner and in accordance with good trademark practice in the applicable territory; (ii) in a manner that does not harm or jeopardize the value of the ADT Brand or its
associated goodwill; and (iii) in connection with activities, products, and services that maintain at all times the high levels of quality associated with Tyco Parent’s and its Affiliates’ use of the ADT Brand prior to the Trademark
Assignment Date. Each Party agrees that the other Party’s use of the ADT Brand directly or through its Affiliates as of and prior to the Trademark Assignment Date complies with the foregoing. After the Trademark Assignment Date, a Party shall
not take any action (and shall not engage in any inaction) that materially harms or jeopardizes (or could reasonably be expected to materially harm or jeopardize) the value, validity, reputation or goodwill of the ADT Brand. 

3.2 Compliance With Laws. Each Party shall, in connection with any products or services offered under the ADT Brand:
(i) comply with all applicable Laws (including all Laws relating to data protection, security, privacy and personal or sensitive 

 
information); (ii) employ at all times commercially reasonable security, system, content and data protection measures consistent with the standards of the information security industry
(including, in respect of any subscriber business offered under the ADT Brand, those data protection standards set forth on Schedule G hereof and/or the current ISO 27001 standard); (iii) engage reputable, industry-recognized outside
vendors to perform its security, system, content and data protection services as necessary for its business operations and to meet its obligations under this Agreement; and (iv) use all notices and legends required by applicable Law so as to
preserve and maintain the validity of and each Party’s rights in the ADT Brand. Each Party shall have the right, upon one (1) month prior written notice, to inspect and audit the other Party’s relevant records and systems, solely as
necessary to determine such Party’s compliance with subsections (ii) and (iii) above and in the event of a Security Breach (as defined below), provided that such inspection and audit is at the inspecting and auditing Party’s
expense, during regular business hours, subject to reasonable, mutually-agreed confidentiality arrangements and conducted by an independent third party. 
 3.3 Security Breach. A Party will notify the other Party, as promptly as possible under the circumstances and without unreasonable delay, of any Security Breach involving any Protected Data (as
defined on Schedule G hereof). As used herein, “Security Breach” is defined as any event involving a known, actual, or suspected compromise of the security, confidentiality or integrity of (i) the Protected Data (as
defined on Schedule G hereof) of more than 5,000 customers of a Party or (ii) the video of the premises of one or more customers of a Party, including but not limited to any unauthorized access or use of such video, except where such
Security Breach is due to the sole fault of a customer. The Party undergoing a Security Breach will use commercially reasonable efforts to contain such a breach and provide the other Party with a detailed description of the Security Breach, the type
of data that was the subject of the Security Breach and the identity of each affected business (or person, to the extent permitted by Law), promptly after such information can be collected or otherwise becomes available. The Party undergoing the
Security Breach agrees to take action immediately, at its own expense, to investigate the Security Breach, to take all commercially reasonable actions to identify, prevent, and mitigate the effects of any such Security Breach, and to carry out any
recovery or other action (e.g., mailing statutory notices, providing credit monitoring services) necessary to remedy the Security Breach. The Party undergoing the Security Breach shall make commercially reasonable efforts to give the other Party a
reasonable opportunity to consult in advance on any filings, communications, notices, press releases or reports related to any Security Breach, but the final decision on their contents shall belong to the Party undergoing the Security Breach. The
Parties agree that any Person (to the extent engaging in a subscriber business) or subscriber business purchased or acquired by a Party via equity or asset sale or otherwise shall (x) comply with the standards set forth in Schedule G
within one (1) year from such purchase or acquisition and (y) to the extent such Person does not offer services related to video surveillance that involves storing such video on such Person’s servers or other systems directly or
through a vendor (“Hosted Video”) as of the date of such purchase or acquisition, not offer Hosted Video in any subscriber business until such time as such Person complies with the standards set forth on Schedule G.

 3.4 Approval. Neither Party shall be required to seek approval from the other Party for any advertising, promotional
or marketing materials or other uses of the ADT Brand in its respective territory. 

 3.5 Enforcement. Each of Tyco and ADT Residential has the sole right to assert and
enforce its rights in the ADT Brand against third parties in the Tyco Territory and the ADT Residential Territory, respectively. Each Party shall use commercially reasonable efforts to notify the other Party when the first Party or its Affiliates
commences any offensive or defensive litigations, arbitrations, cancellation, invalidity or similar proceedings with respect to the ADT Brand. For clarity, the above obligation does not apply to “cease and desist” letters, routine Office
Actions or oppositions or other non-public or immaterial matters. Absent a later agreement to the contrary, the Party bringing any infringement, misappropriation, dilution, tarnishment, or other unauthorized use (“Infringement”)
Action against a third party shall control its prosecution and settlement and pay all costs and expenses associated therewith, and shall have the sole right to any and all damages, settlements and proceeds received in connection therewith. Any joint
prosecution of an Infringement Action shall be governed by a later agreement between the Parties. The Parties shall cooperate in good faith in all Actions brought pursuant to this Section 3.5 (including by assisting the requesting Party to
claim that the ADT Brand is famous or distinctive in the requesting Party’s territory, based upon use in the non-requesting Party’s territory), and shall keep each other informed of all material developments relating thereto. 

3.6 Cooperation. Each Party agrees to cooperate in good faith to avoid and correct any potential or actual consumer confusion over
(i) the proper owner of the ADT Brand in any particular territory and (ii) the current and past relationship between the Parties. 
 ARTICLE 4 - INTERNET/NEW MEDIA 
 4.1 Internet/New Media Access. The
Parties acknowledge the worldwide accessibility of Internet websites, social media, mobile applications and other forms of new, electronic or digital media (collectively, “New Media”) and agree that the ability of persons to access
New Media websites, pages, channels and other venues from outside such Party’s applicable territory shall not violate Section 2.1, provided that such Party complies with its obligations in this Article 4. 

4.2 ADT.com. During the Non-Competition Period (as that term is defined in the ADT Distribution Agreement), ADT Residential shall
direct Internet traffic that is identifiable through its IP address as coming from outside of the ADT Residential Territory and is directed to the website located at adt.com to a mutually agreed landing page (the “Landing Page”)
within the adt.com website, which shall be substantially similar to the design, language and features indicated on Schedule H hereof (and any mutually agreed revisions thereto), present content of each Party in approximately the relative
proportions and prominence shown on Schedule H, and enable Internet users to visit any ADT website in any country or jurisdiction, including those websites within the ADT Residential Territory (the “ADT Residential
Sites”), including by utilizing cookies (subject to applicable user consents) to enable automatic direction of return-users to their applicable countries. Notwithstanding the foregoing, in the event that the Landing Page has a material
adverse effect, including a material impact on lead flow, on any ADT Residential Site, ADT Residential shall use commercially reasonable efforts to remedy the situation as soon as possible, but may suspend operation of the Landing Page and direct
all Internet users to the general home page of adt.com until such material adverse effect is remedied to the mutual satisfaction of both Parties. For clarity, only Internet traffic that demonstrably originates outside the ADT Residential Territory
will be directed to the Landing Page, and all other Internet traffic (e.g., if access to an IP address is blocked such that it is not clear where an Internet user is located) will route to adt.com. 

 4.3 Domain Names/Websites. 

(a) As between ADT Residential and Tyco, ADT Residential or one of its Affiliates has the sole right to register (i) the domain
names (including adt.com and adt.ca) that are listed in Schedule I hereto and (ii) any new domain names containing the ADT Brand that end in any ccTLD for any country or jurisdiction within the ADT Residential Territory or in any current
or new gTLD that is targeted exclusively to one or more countries or jurisdictions within the ADT Residential Territory (e.g., .northamerica). As between ADT Residential and Tyco, Tyco or one of its Affiliates has the sole right to register
(x) the domain names that are listed in Schedule J hereto and (y) any new domain names containing the ADT Brand that end in any ccTLD for any country or jurisdiction within the Tyco Territory or in any current or new gTLD that is
targeted exclusively to one or more countries or jurisdictions within the Tyco Territory (e.g., .asia). Neither Party shall register any domain name pursuant to Section 4.3(a)(ii) or 4.3(a)(y), as applicable, that contains within the secondary
domain name a term designating the territory of the other Party. For example, ADT Residential may not register adtasia.ca, and Tyco may not register adtusa.jp. 
 (b) As between the Parties, each Party shall have the sole right to register all secondary domain names that (i) contain the ADT Brand ; (ii) end in .com, .biz, .net, .info, .org or any other
current or new gTLD that is not targeted exclusively to one Party’s territory (e.g., .ADT, .me, .security) (a “Common gTLD”) and (iii) contain a term that clearly indicates a website targeted exclusively towards such
Party’s applicable territory (e.g., adtasia.com or adtcalifornia.biz). 
 (c) After the Trademark Assignment Date,
if a Party wishes to register a domain name with a Common gTLD that does not contain a term that clearly indicates a website targeted exclusively towards such Party’s applicable territory (e.g., adtbusiness.com, safewatchsecurity.com) (a
“Common Domain”), it shall notify the other Party promptly upon making such registration. If the notified Party does not respond within thirty (30) days of such notice that such Party also wishes to use such Common Domain, then
the notifying Party shall be the sole owner of such Common Domain. If the notified Party timely responds that it also wishes to use such Common Domain, then the Parties will cooperate in good faith to establish reasonable guidelines for the shared
use of such Common Domain. The registering Party shall not use any Common Domain in connection with an active website until (i) if the other Party does not timely respond that it wishes to use such Common Domain, the expiration of the above
thirty (30) day period; or (ii) if the other Party timely responds that it wishes to use such Common Domain, the resolution of the situation. For example, the Parties may in their discretion agree that the website adtbusiness.com must be
linked to a common landing page that will display a map of the world and direct customers’ inquiries to each Party’s territory. 
 (d) A Party shall not use any ADT Brand in New Media (including as a domain name), directly or indirectly, if a material purpose of such use is to target consumers outside its respective territory. By way
of illustration, but not of limitation, a Party may link between its business websites inside and outside its respective territory in the manner shown in 

 
Schedule K. During the Non-Competition Period, a Party shall not use any ADT Brand as an Internet key word or similar method (or buy or bid to acquire any of the foregoing) to increase the
rankings for its own websites by Internet search engines (or similar future devices and activities in other New Media) in the other Party’s territory. For clarity, nothing in this Agreement prevents a Party from asserting its trademark rights
against any activity described in the foregoing sentence by the other Party after the Non-Competition Period. 
 4.4 New gTLD
Registries. After the Trademark Assignment Date, if a Party or one of its Affiliates wishes to become a registry for a Common gTLD that clearly relates to the goods and services currently offered under the ADT Brand (e.g., .ADT or .security) (an
“ADT gTLD”), it shall notify the other Party in advance. If the notified Party does not respond within thirty (30) days (or a shorter period specified in such notice, if reasonably justified under the circumstances) that such
Party also wishes to use such ADT gTLD, then the notifying Party may become a registry for such ADT gTLD in its own name, subject to the domain name restrictions in this Article 4. If the notified Party timely responds that it also wishes to become
a registry for such ADT gTLD, then the Parties will agree in good faith on how the Parties may serve jointly or jointly benefit from such registry. 
 4.5 Third Party New Media. 
 (a) As between the Parties, ADT Residential
has the sole right to use and register the ADT Brand in third-party New Media pages, channels and venues (or sections thereof) that clearly designate countries or jurisdictions within the ADT Residential Territory (e.g., an “ADT Canada”
page on Facebook, channel on YouTube or @adtusa on Twitter), and any new third party New Media page, channel or venue (or section thereof) in the control of (or operated with the written approval of) ADT Residential or its Affiliates (e.g., not an
unauthorized “fan” site or complaints site) must contain and display such country or jurisdiction designation. As between the Parties, Tyco has the sole right to use and register the ADT Brand in third-party New Media pages, channels and
venues (or sections thereof) that clearly designate a country or jurisdiction within the Tyco Territory (e.g., an “ADT Asia” page on Facebook, channel on YouTube or @adtfrance on Twitter) and any new third-party New Media page, channel or
venue (or section thereof) in the control of (or operated with the written approval of) Tyco or its Affiliates (e.g., not an unauthorized “fan” site or complaints site) must contain and display such country or jurisdiction designation. The
Parties will comply with the procedures on Schedule L with respect to certain uses of the ADT Brand in certain existing third-party New Media, and shall use commercially reasonable efforts to include country or jurisdiction designations with
all other existing third-party New Media pages, channels and venues that are in the control of either Party or its Affiliates and use the ADT Brand.After the Trademark Assignment Date, if a Party wishes to use or register the ADT Brand for any new
third party New Media page, channel or venue (or section thereof) that is not targeted to any specific country or jurisdiction (e.g., a general ADT page on Tumblr.com) (a “Common Page”), it shall notify the other Party promptly upon
making such registration. If the notified Party does not respond within thirty (30) days of such notice that such Party also wishes to use such Common Page, then the notifying Party shall be the sole owner of such Common Page. If the notified
Party timely responds that it also wishes to use such Common Page, then the Parties will cooperate in good faith to establish reasonable guidelines for the shared use of all Common Pages. The registering Party shall not use any Common Page in
connection with a new third-party 

 
New Media page, channel or venue (or section thereof) until (i) if the other Party does not timely respond that it wishes to use such Common Page, the expiration of the above thirty
(30) day period; or (ii) if the other Party timely responds that it wishes to use such Common Page, the resolution of the situation. 
 (b) A non-exhaustive list of the Parties’ current uses of the ADT Brand in third party New Media is set forth on Schedule L. Within thirty (30) days of the Trademark Assignment Date,
the Parties will take the actions on Schedule M to allocate use of certain existing New Media, and to deliver to the proper Party all information accessible to either Party via such New Media and in existence as of the Trademark Assignment
Date. 
 ARTICLE 5 - TERM/ABANDONMENT 
 5.1 Term. The term of this Agreement (“Term”) commences on the Trademark Assignment Date and lasts in perpetuity. Without limiting the Parties’ other rights and remedies
hereunder, the Parties agree that termination is not an available remedy for either Party’s breach of this Agreement. 

5.2 Abandonment. If a Party (the “Abandoning Party”) intends to abandon (or is imminently about to abandon, for
any reason) its use of all of the ADT Brands included in subsection (i) of the definition of “ADT Brand” (including logos) in any country or jurisdiction in its territory listed in Schedule M hereof, the Abandoning Party shall
notify the other Party in advance in writing. If the other Party becomes aware that the Abandoning Party is about to engage in such abandonment in any country or jurisdiction listed in Schedule M hereof, the other Party may notify the
Abandoning Party in writing. Regardless of which Party sends the first notice, at the written request of the other Party, the Abandoning Party will, at its option: (x) take all actions necessary to prevent such abandonment, solely for the time
period requested by the other Party; and/or (y) transfer its affected trademark rights (including registrations) in such country or jurisdiction to the other Party. The Abandoning Party hereby consents to the other Party’s taking all
actions (including registering the ADT Brand) in the other Party’s or the Abandoning Party’s name (at the other Party’s expense), if the Abandoning Party does not perform its obligations in subsection (x) or (y) in a
sufficient timely manner to prevent such abandonment. If, pursuant to this Section 5.2, the other Party succeeds to the Abandoning Party’s rights in the ADT Brand in any country or jurisdiction, the other Party will no longer be bound by
Section 2.1(a) or 2.1(b), as applicable, with respect to the ADT Brand in such country or jurisdiction. This Section 5.2 does not require any Party to initiate any new uses or registrations for the ADT Brand in any country or jurisdiction.
For clarity, the provisions of this Section 5.2 do not apply to the abandonment of any ADT Secondary Brand, Tyco Secondary Brand, Shared Secondary Brand, Designated Secondary Brand or the ADT Brands in subsections (ii)-(iv) of the
definition of “ADT Brand”. 
 ARTICLE 6 - REPRESENTATIONS AND WARRANTIES 

6.1 By Each Party. Each Party represents and warrants to the other Party that: (i) the warranting Party has full power and
authority to execute and deliver this Agreement and to perform its obligations under this Agreement and (ii) this Agreement has been duly executed and delivered by the warranting Party and, assuming the due execution and delivery of this
Agreement by both Parties, constitutes a valid and binding agreement of the warranting Party enforceable against the warranting Party in accordance with its terms. 

 6.2 Disclaimer. EXCEPT AS EXPRESSLY
SET FORTH IN SECTION 6.1, EACH PARTY DISCLAIMS ANY REPRESENTATIONS AND
WARRANTIES, EITHER EXPRESS OR IMPLIED, WITH RESPECT TO THIS AGREEMENT AND
THE ADT BRAND, INCLUDING ANY WARRANTIES OF TITLE, OWNERSHIP, VALUE, SUITABILITY,
CONDITION, MERCHANTABILITY, FITNESS FOR USE OR NON-INFRINGEMENT OF THIRD PARTY
RIGHTS. 
 6.3 Tyco Parent and ADT Parent Guaranty. Tyco Parent hereby unconditionally and irrevocably
guarantees to ADT Residential the performance in full by Tyco and its Affiliates of their obligations under this Agreement. ADT Parent hereby unconditionally and irrevocably guarantees to Tyco the performance in full by ADT Residential and its
Affiliates of their obligations under this Agreement. 
 ARTICLE 7 - ASSIGNMENT 

7.1 Assignment. 
 (a) Permitted Assignments of Rights and Delegation of Obligations. Neither Party may assign this Agreement or the rights under this Agreement, or delegate the obligations under this Agreement
without the prior written consent of the other Party and except as provided in this Section 7.1. A Party must assign this Agreement and its rights and delegate its obligations hereunder in their entirety to any Person who acquires or purchases
the assigning Party’s entire interest in the rights related to the ADT Brand governed by this Agreement. If any Person acquires or purchases less than the assigning Party’s entire interest in the rights related to the ADT Brand governed by
this Agreement, the assigning Party must delegate the corresponding obligations, but may not assign the rights, under this Agreement. The rights of the other Parties under this Agreement shall continue in full force and effect against the permitted
assignee with respect to such delegated obligations. The Parties intend and agree that the obligations under this Agreement are encumbrances upon and inseparable from the rights related to ownership of the ADT Brand. Any transaction that purports to
enact such separation shall be null and void at the outset. For purposes of this Section 7.1(a), an assignment shall include a change of control, merger, reorganization (in bankruptcy or otherwise), assumption in bankruptcy or equity and asset
sale, regardless of whether such transaction is considered an “assignment” under governing law. 
 (b) Conditions
on Assignment. For any assignment of this Agreement, the assignee is deemed to assume automatically (but nonetheless must assume in writing) the assigning Party’s obligations under this Agreement in writing. 

(c) Conditions on Delegation. For any delegation of the obligations under this Agreement, the assignee with respect to such
obligations is deemed to assume automatically (but nonetheless must assume in writing) the delegating Party’s obligations under this Agreement in writing. A delegation of obligations to a permitted assignee pursuant to this Section 7.1
shall release the assignor and its parent (pursuant to Section 6.3) with respect to such delegated obligations prospectively, but it shall not release the assignor or its parent from any breach of those obligations preceding the date of the
delegation to the permitted assignee. 

 (d) Assignment to Affiliates. For the avoidance of doubt, Section 6.3 of this
Agreement shall remain in full force and effect in the event either Party assigns this Agreement, or any rights or delegates any obligations hereunder, in connection with the acquisition or purchase of any or all of its interests in the ADT Brand
governed by this Agreement by an Affiliate of the assigning Party. 
 7.2 Effect of Assignment. Any purported transaction
in violation of this Section 7 shall be null and void ab initio and of no force and effect. In the event of a permitted assignment, this Agreement shall be binding upon and inure to the benefit of the Party’s permitted
successors and assigns. If the assigning Party assigns this Agreement and its rights and delegates its obligations hereunder, this Agreement shall no longer bind the assigning Party or its parent (pursuant to Section 6.3), but it shall not
release the assigning Party or its parent from any breach of the Agreement obligations preceding the date of the assignment to the permitted assignee. 
 ARTICLE 8 - MISCELLANEOUS 
 8.1 Notice. All notices, requests,
claims, demands and other communications under this Agreement shall be in English, shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service,
by facsimile with receipt confirmed (followed by delivery of an original via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested) to the respective Parties at the following addresses (or at such
other address for a Party as shall be specified in a notice given in accordance with this Section 8.1): 
 if to Tyco, to:

 Tyco International Ltd. 
 c/o Tyco International (US) Inc. 
 9 Roszel Road 

Princeton, New Jersey 
 Attn: General Counsel 
 Facsimile: (609) 720-4208 

if to ADT Residential, to: 
 The ADT Corporation 
 1501 Yamato Road 

Boca Raton, Florida 33431 
 Attn: General Counsel 
 Facsimile: (561) 431-4624 

8.2 Waivers and Consents. The failure of any Party to require strict performance by any other Party of any provision in this
Agreement will not waive or diminish 

 
that Party’s right to demand strict performance thereafter of that or any other provision hereof. Any consent required or permitted to be given by any Party to the other Party under this
Agreement shall be in writing and signed by the Party giving such consent and shall be effective only against such Party. 
 8.3
Amendments. This Agreement may not be modified or amended except by an agreement in writing signed by a duly authorized representative of each Party. 
 8.4 No Third Party Beneficiaries. Except as specifically provided in this Agreement, this Agreement shall not confer any rights or remedies upon any person other than the Parties and their
respective successors and permitted assigns. 
 8.5 Title and Headings. Titles and headings to sections herein are
inserted for the convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 8.6 Exhibits and Schedules. The Exhibits and Schedules shall be construed with and as an integral part of this Agreement to the same extent as if the same had been set forth verbatim herein.

 8.7 Governing Law. This Agreement shall be governed by and construed in accordance with the Laws of the State of New
York. Notwithstanding the foregoing, any dispute related to a breach of this Agreement that materially harms or jeopardizes the ownership, validity, value or goodwill of the ADT Brand in the non-breaching Party’s applicable territory shall be
governed by the governing Laws and practices in such territory. 
 8.8 Counterparts. This Agreement may be signed in
counterparts and may be delivered by facsimile or other electronic transmission. 
 8.9 Dispute Resolution. If a Party
believes that the other Party has committed a breach of this Agreement, the non-breaching Party may notify the other Party in writing. Representatives of the Parties shall then use their reasonable best efforts to resolve the dispute within thirty
(30) days (or a mutually-agreed extension). If the dispute is not timely resolved, members of the Parties’ senior management shall use their reasonable best efforts to resolve the dispute within thirty (30) additional days (or a
mutually-agreed extension). If such persons cannot timely resolve such dispute, then the Parties’ CEOs shall use their reasonable best efforts to resolve the dispute within thirty (30) additional days (or a mutually-agreed extension). If
the CEOs cannot timely resolve such dispute, the Parties shall be entitled to seek relief through litigation or otherwise. Notwithstanding the foregoing, the above prior resolution periods shall not be mandatory if a Party (the “Notifying
Party”) reasonably believes that any action taken by the other Party is reasonably likely to materially harm or materially jeopardize the ADT Brand in the Notifying Party’s respective territory, and in such circumstances, the Notifying
Party may immediately, upon notice to the other Party, seek relief through litigation or otherwise. 
 8.10 Severability.
In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not
in any way be affected or impaired thereby. The Parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of
the invalid, illegal or unenforceable provisions. 

 8.11 Bankruptcy. The Parties intend and agree that this Agreement intends primarily
to allocate the Parties’ ownership rights, as of the Trademark Assignment Date, with respect to the Source Indicators governed thereby, and that all of the Parties’ covenants constitute clarifications, limitations or protections of such
ownership rights. Therefore, if either Party files for bankruptcy, the Parties intend and agree that this Agreement shall be deemed an encumbrance on the Source Indicators governed hereby. Each Party hereby stipulates, acknowledges and agrees that
this Agreement is integral to, and integrated with, the Source Indicators, and is not a severable undertaking that may be assumed, assigned or rejected pursuant to 11 U.S.C. § 365 independently from the interests in the Source Indicators. Each
Party hereby further stipulates, acknowledges and agrees that this Agreement is not intended to be, nor shall it be construed as, an “executory contract” within the meaning of 11 U.S.C. § 365 that is independent of or severable from
the interests in the Source Indicators. Accordingly, this Agreement may not be assumed or assigned in bankruptcy except as provided under Section 7.1 hereof. 
 8.12 Specific Performance. Each Party acknowledges and agrees that the other Party would be irreparably damaged if any of the provisions of this Agreement are not performed in accordance with their
specific terms and that any breach of this Agreement could not be adequately compensated in all cases by monetary damages alone. Accordingly, in addition to any other right or remedy to which any Party may be entitled at law or in equity, each Party
shall be entitled to enforce any provision of this Agreement by a decree of specific performance and to temporary, preliminary and permanent injunctive relief to prevent breaches or threatened breaches of any of the provisions of this Agreement,
without posting any bond or other undertaking. 
 8.13 Further Assurances. The Parties agree to execute such further
documents and perform such further actions as may be reasonably requested by the other Party to evidence and effectuate further the purposes and intents set forth in this Agreement. 

 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed as of
the day and year first above written. 
  

					
	ADT SERVICES GMBH
		
	By:	 	 /s/ James Graham

		 	Name:	 	James Graham
		 	Title:	 	Managing Director
	
	ADT US HOLDINGS, INC.
		
	By:	 	 /s/ N. David Bleisch

		 	Name:	 	N. David Bleisch
		 	Title:	 	Vice President
	
	Solely for purposes of Section 6.3 herein,
	TYCO INTERNATIONAL LTD.
		
	By:	 	 /s/ Andrea Goodrich

		 	Name:	 	Andrea Goodrich
		 	Title:	 	Authorized Signatory
	
	Solely for purposes of Section 6.3 herein,
	THE ADT CORPORATION
		
	By:	 	 /s/ N. David Bleisch

		 	Name:	 	N. David Bleisch
		 	Title:	 	Vice President2012 Stock and Incentive Plan

 Exhibit 10.4 
 TYCO INTERNATIONAL LTD. 
 2012 STOCK AND INCENTIVE PLAN 

ARTICLE I 

PURPOSE 

1.1 Purpose. The purposes of this Tyco International Ltd. 2012 Stock and Incentive Plan (the “Plan”) are to
promote the interests of Tyco International Ltd. (and any successor thereto) by (i) aiding in the recruitment and retention of Directors and Employees, (ii) providing incentives to such Directors and Employees by means of
performance-related incentives to achieve short-term and long-term performance goals, (iii) providing Directors and Employees an opportunity to participate in the growth and financial success of the Company, and (iv) promoting the growth
and success of the Company’s business by aligning the financial interests of Directors and Employees with that of the other stockholders of the Company. 
 1.2 Effective Date. The effective date of this Plan is October 1, 2012. 
 ARTICLE II 
 DEFINITIONS 

For purposes of the Plan, the following terms have the following meanings, unless another definition is clearly indicated by particular
usage and context: 
 “Acquired Company” means any business, corporation or other entity
acquired by the Company or any Subsidiary. 
 “Acquired Grantee” means the grantee of a
stock-based award of an Acquired Company and may include a current or former Director of an Acquired Company. 

“Award” means any form of incentive or performance award granted under the Plan, whether singly or in
combination, to a Participant by the Committee pursuant to any terms and conditions that the Committee may establish and set forth in the applicable Award Certificate. Awards granted under the Plan may consist of: 

 

	 	(a)	“Stock Options” awarded pursuant to Section 4.3; 

  

	 	(b)	“Stock Appreciation Rights” awarded pursuant to Section 4.3; 

 

	 	(c)	“Short-Term Performance Awards” awarded pursuant to Section 4.4; 

 

	 	(d)	“Long-Term Performance Awards” awarded pursuant to Section 4.5; 

 

	 	(e)	“Other Stock-Based Awards” awarded pursuant to Section 4.6; 

 

	 	(f)	“Nonemployee Director Awards” awarded pursuant to Section 4.7; and 

 

	 	(g)	“Substitute Awards” awarded pursuant to Section 4.8. 

“Award Certificate” means the document issued, either in writing or an electronic medium, by the
Committee to a Participant evidencing the grant of an Award. 

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

 “Cause” means misconduct that is willfully or wantonly harmful to the Company or any of its
Subsidiaries, monetarily or otherwise. 
 “Change in Control” means the first to occur of any of
the following events: 
 (a) any “person” (as defined in Section 13(d) and 14(d) of the Exchange
Act), excluding for this purpose, (i) the Company or any Subsidiary or (ii) any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary is or becomes the “beneficial owner” (as defined in
Rule 13d-3 under the Exchange Act) directly or indirectly of securities of the Company representing more than 30 percent of the combined voting power of the Company’s then outstanding securities; provided, however, that no Change in
Control will be deemed to have occurred as a result of a change in ownership percentage resulting solely from an acquisition of securities by the Company; or 
 (b) persons who, as of the Effective Date of the Plan constitute the Board (the “Incumbent Directors”) cease for any reason (including without limitation, as a result of a tender offer, proxy
contest, merger or similar transaction) to constitute at least a majority thereof, provided that any person becoming a director of the Company subsequent to the Effective Date of the Plan shall be considered an Incumbent Director if such
person’s election or nomination for election was approved by a vote of at least 50 percent of the Incumbent Directors; but provided further, that any such person whose initial assumption of office is in connection with an actual or
threatened proxy contest relating to the election of members of the Board or other actual or threatened solicitation of proxies or consents by or on behalf of a “person” (as defined in Section 13(d) and 14(d) of the Exchange Act)
other than the Board, including by reason of agreement intended to avoid or settle any such actual or threatened contest or solicitation, shall not be considered an Incumbent Director; or 

(c) consummation of a reorganization, merger or consolidation or sale or other disposition of at least 80 percent of
the assets of the Company (a “Business Combination”), in each case, unless, following such Business Combination, all or substantially all of the individuals and entities who were the beneficial owners of outstanding voting securities of
the Company immediately prior to such Business Combination beneficially own directly or indirectly more than 50 percent of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of
directors, of the company resulting from such Business Combination (including, without limitation, a company which, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets either directly or through
one or more Subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the outstanding voting securities of the Company; or 

(d) approval by the stockholders of the Company of a complete liquidation or dissolution of the Company. 

“Change in Control Termination” shall mean a Participant’s Involuntary Termination that occurs
during the period beginning 60 days prior to the date of a Change in Control and ending two years after the date of such Change in Control. 
 “Code” means the United States Internal Revenue Code of 1986, as amended. 
 “Committee” means the Compensation and Human Resources Committee of the Board or any successor thereof or any subcommittee of the Board to which the Board has delegated power to act under
or pursuant to the provisions of the Plan. 
 “Common Stock” means the common stock of the
Company and such other securities or property as may become subject to Awards pursuant to an adjustment made under Sections 5.3 and 5.4 of the Plan. 

  
 2 

 “Company” means Tyco International Ltd., or any successor
thereto. 
 “Consultant” means an individual who provides bona fide services to the Company or
any Subsidiary, other than an Employee or Director. 
 “Deferred Stock Unit” means a Unit
granted under Section 4.6 or 4.7 to acquire Shares upon Termination of Employment or Termination of Directorship, subject to any restrictions that the Committee, in its discretion, may determine. 

“Director” means a member of the Board. 

“Disabled” or “Disability” means the inability of the Director or Employee to perform
the material duties pertaining to such Director’s directorship or such Employee’s employment due to a physical or mental injury, infirmity or incapacity for 180 days (including weekends and holidays) in any 365-day period. The
existence or nonexistence of a Disability shall be determined by an independent physician selected by the Company and reasonably acceptable to the Director or Employee. 

“Dividend Equivalent” means an amount equal to the cash dividend or the Fair Market Value of the stock
dividend that would be paid on each Share underlying an Award if the Share were duly issued and outstanding on the date on which the dividend is payable. 
 “Effective Date” means October 1, 2012. 

“Employee” means any individual who performs services as an officer or employee of the Company or a
Subsidiary (including any Director who is also an Employee). 
 “Exchange Act” means the United
States Securities Exchange Act of 1934, as amended. 
 “Exercise Price” means the price of a
Share, as fixed by the Committee, which may be purchased under a Stock Option or with respect to which the amount of any payment pursuant to a Stock Appreciation Right is determined. 

“Fair Market Value” means, on a given date, (i) the closing sale price of the Shares on the New York
Stock Exchange (NYSE) Composite Tape on such date (or the next preceding day if no sales were reported for such date), or (ii) if the Shares are not listed or admitted on the NYSE, but are traded on another national securities exchange or in an
over-the-counter market, the last sales price on such date, or if no last sales price is reported, the average of the closing bid and ask price for the Shares on such date (or the next preceding day if no such information was reported for such date)
or (iii) if the Shares are neither listed on a national securities exchange nor traded in an over-the-counter market, a price determined by the Committee by the reasonable application of a reasonable valuation method. 

“Fair Market Value Stock Option” means a Stock Option with an Exercise Price that is fixed by the
Committee at a price equal to the Fair Market Value of a Share on the date of grant. 
 “GAAP”
means United States generally accepted accounting principles. 
 “Incentive Stock Option” means
a Stock Option granted under Section 4.3 of the Plan that meets the requirements of Code Section 422 and any related regulations and is designated in the Award Certificate to be an Incentive Stock Option. 

“Involuntary Termination” means a Termination of Employment of the Participant initiated by the Company
or a Subsidiary for any reason other than Cause, Disability or death. 
 “Key Employee” means an
Employee who is a “covered employee” within the meaning of Code Section 162(m)(3). 

  
 3 

 “Long-Term Performance Award” means an Award granted under
Section 4.5 of the Plan. 
 “Non-Employee Director” means any member of the Board, elected
or appointed, who is not an Employee of the Company or a Subsidiary. 
 “Nonqualified Stock
Option” means any Stock Option granted under Section 4.3 of the Plan that is not an Incentive Stock Option. 
 “Participant” means an Employee, a Director, a prospective Employee or Director, and a Consultant who, in each case, is selected by the Committee to participate in the Plan. Participant
shall also include any Acquired Grantee. 
 “Performance Cycle” means, with respect to any Award
that is intended to be a Short-Term Performance Award or Long-Term Performance Award, a period of no less than six months over which the level of performance will be assessed. 

“Performance Measure” means, with respect to any Short-Term Performance Award or Long-Term Performance
Award, the business criteria selected by the Committee to measure the level of performance during the Performance Cycle. The Performance Measures, which must be objective, shall be based on one or more of the following criteria: 

 

	 	a.	Earnings (including earnings before or after interest, taxes, depreciation and amortization); 

 

	 	b.	Net income; 

  

	 	c.	Operating income; 

  

	 	d.	Return on shareowners’ equity; 

  

	 	e.	Return on assets 

  

	 	f.	Return on investment before or after the cost of capital; 

  

	 	g.	Changes in net assets (whether or not multiplied by a constant percentage intended to represent the cost of capital); 

 

	 	h.	Expense management; 

  

	 	i.	Improvements in capital structure; 

  

	 	j.	Profitability of an identifiable business unit or product; 

  

	 	k.	Maintenance or improvement of profit margins; 

  

	 	l.	Stock price; 

  

	 	m.	Market share; 

  

	 	n.	Revenues or sales; 

  

	 	o.	Costs; 

  

	 	p.	Cash flow (including free cash flow); 

  

	 	q.	Working capital; 

  

	 	r.	Credit rating; 

  

	 	s.	Improvement in workforce diversity; 

  

	 	t.	Employee retention; 

  

	 	u.	Closing of corporate transactions; 

  

	 	v.	Strategic plan development and implementation; 

  

	 	w.	Independent industry ratings or assessments; and 

  

	 	x.	Total shareowners’ return. 

 Any Performance Measure used may be measured, as applicable, (i) in absolute terms, (ii) in relative terms (including the passage of time and/or against other companies or financial metrics),
(iii) on a per share basis, (iv) against the performance of the Company as a whole or against particular entities, segments, operating units or products of the Company, (v) on a pre-tax or after-tax basis, and (vi) in tandem with
any other Performance Measure. Awards issued to persons who are not Key Employees on the date of grant may take into account any other factors deemed appropriate by the Committee. 

“Performance Unit” means a Long-Term Performance Award or Short-Term Performance Award denominated in
dollars or Units (other than a performance based Stock Option). 

  
 4 

 “Plan” means the Tyco International Ltd. 2012 Stock and
Incentive Plan, as it may be amended from time to time. 
 “Premium-Priced Stock Option” means a
Stock Option, the Exercise Price of which is fixed by the Committee at a price that exceeds the Fair Market Value of a Share on the date of grant. 
 “Reporting Person” means a Director or an Employee who is subject to the reporting requirements of Section 16(a) of the Exchange Act. 

“Restricted Stock” means Shares issued pursuant to Section 4.6 that are subject to any restrictions
that the Committee, in its discretion, may impose. 
 “Restricted Unit” means a Unit granted
under Section 4.6 to acquire Shares or an equivalent amount in cash, which Unit is subject to any restrictions that the Committee, in its discretion, may impose. 

“Securities Act” means the United States Securities Act of 1933, as amended. 

“Share” means a share of Common Stock. 

“Short-Term Performance Award” means an Award of cash or Shares granted under Section 4.4 of the
Plan. 
 “Stock Appreciation Right” means a right granted under Section 4.3 of the Plan in
an amount in cash or Shares equal to any difference between the Fair Market Value of the Shares as of the date on which the right is exercised and the Exercise Price. 

“Stock-Based Award” means an Award granted under Section 4.6 of the Plan and denominated in Shares.

 “Stock Option” means a right to purchase from the Company a stated number of Shares at a
specified price for a defined period of time. Stock Options awarded under the Plan may be in the form of Incentive Stock Options or Nonqualified Stock Options. 
 “Subsidiary” means any corporation or other entity a majority of whose outstanding voting stock or voting power is beneficially owned directly or indirectly by the Company. 

“Target Amount” means, for any Short-Term Performance Award or Long-Term Performance Award, the targeted
amount of compensation that would be achieved if the relevant Performance Measure is fully (100%) attained, as determined by the Committee. 
 “Target Vesting Percentage” means the percentage of any Short-Term Performance Award or Short-Term Performance Award that would vest assuming the Performance Measure(s) applicable to such
Award are fully (100%) attained, as determined by the Committee. 
 “Termination of
Directorship” means the date of cessation of a Director’s membership on the Board for any reason, with or without Cause, as determined by the Company. 

“Termination of Employment” means the date of cessation of a Participant’s employment or consulting
relationship (or directorship in the case of a Nonemployee Director) with the Company or a Subsidiary for any reason, with or without Cause, as determined by the Company. 

“Unit” means, for purposes of Performance Units, the potential right to an Award equal to a specified
amount denominated in such form as is deemed appropriate in the discretion of the Committee and, for purposes of Restricted Units or Deferred Stock Units, the potential right to acquire one Share. 

  
 5 

 ARTICLE III 
 ADMINISTRATION 
 3.1 Committee. The Plan will be administered
by the Committee 
 3.2 Authority of the Committee. The Committee or, to the extent required by applicable law, the
Board, will have the authority, in its sole and absolute discretion and subject to the terms of the Plan, to: 

(a) Interpret and administer the Plan and any instrument or agreement relating to the Plan; 

(b) Prescribe the rules and regulations that it deems necessary for the proper operation and administration of the Plan,
and amend or rescind any existing rules or regulations relating to the Plan; 
 (c) Select Participants to
receive Awards under the Plan; 
 (d) Determine the form of an Award, the number of Shares subject to each Award,
all the terms and conditions of an Award, including, without limitation, the conditions on exercise or vesting, the designation of Stock Options as Incentive Stock Options or Nonqualified Stock Options, and the circumstances in which an Award may be
settled in cash or Shares or may be cancelled, forfeited or suspended, and the terms of the Award Certificate; 

(e) Determine whether Awards will be granted singly, in combination or in tandem; 

(f) Establish and interpret Performance Measures in connection with Short-Term Performance Awards and Long-Term
Performance Awards, evaluate the level of performance over a Performance Cycle and certify the level of performance attained with respect to Performance Measures; 

(g) Subject to Section 6.1 and 4.3(g), waive or amend any terms, conditions, restriction or limitation in the Plan or
in an Award Certificate, or correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award Certificate; 
 (h) Make any adjustments to the Plan (including but not limited to adjustment of the number of Shares available under the Plan or any Award) and any Award granted under the Plan as may be appropriate
pursuant to Sections 5.3 and 5.4; 
 (i) Determine and set forth in the applicable Award Certificate the
circumstances under which Awards may be deferred and the extent to which a deferral will be credited with dividend equivalents and interest thereon; 
 (j) Subject to Section 7.1, determine whether an Award may be transferable; 
 (k) Establish any subplans and make any modifications to the Plan or to Awards made hereunder (including the establishment of terms and conditions not otherwise inconsistent with the terms of the
Plan) that the Committee may determine to be necessary or advisable for grants made in countries outside the United States to comply with, or to achieve favorable tax treatment under, applicable foreign laws or regulations; 

(l) Appoint such agents as it shall deem appropriate for proper administration of the Plan; and 

(m) Take any and all other actions it deems necessary or advisable for the proper operation or administration of the Plan.

 3.3 Effect of Determinations. All determinations of the Committee will be final, binding and conclusive on all
persons having an interest in the Plan. 

  
 6 

 3.4 Delegation of Authority. The Board or the Committee, in its discretion and
consistent with applicable law and regulations, may delegate to the Chief Executive Officer of the Company or any other officer or group of officers as it deems to be advisable, the authority to select Participants to receive an Award and to
determine the number of Shares under any such Award, subject to any terms and conditions that the Board or the Committee may establish. When the Board or the Committee delegates authority pursuant to the foregoing sentence, it will limit, in its
discretion, the number of Shares or aggregate value that may be subject to Awards that the delegate may grant. Only the Committee will have authority to grant and administer Awards to Directors, Key Employees and other Reporting Persons or to
delegates of the Committee, and to establish and certify Performance Measures. 
 3.5 Employment of Advisors. The
Committee may employ attorneys, consultants, accountants and other advisors, including Employees, and the Committee, the Company and the officers and directors of the Company may rely upon the advice, opinions or valuations of the advisors so
employed. 
 3.6 No Liability; Indemnification. No member of the Committee or any person acting as a delegate of the
Committee with respect to the Plan will be liable for any losses resulting from any action, interpretation or construction made in good faith with respect to the Plan or any Award granted under the Plan. To the maximum extent permitted by applicable
laws, each member of the Committee shall be indemnified and held harmless by the Company against and from (i) any loss, cost, liability, or expense that may be imposed upon or reasonable incurred by him or her in connection with or resulting
from any claim, action, suit or proceeding to which he or she may be a party or in which he or she may be involved by any reason of any action taken or failure to act under the Plan or any Award, and (ii) from any and all amounts paid by him or
her in settlement thereof, with the Company’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action, suit or proceeding against him or her, provided he or she shall give the Company an opportunity, at its own
expense, to handle and defend the same before he or she undertakes to defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled
under the Company’s charter documents, by contract, as a matter of law, or otherwise, or under any power that the Company may have to indemnify them or hold them harmless. 
 ARTICLE IV 
 AWARDS 

4.1 Eligibility. All Participants and Employees are eligible to be designated to receive Awards granted under the Plan,
except as otherwise provided in this Article IV. 
 4.2 Form of Awards. Awards will be in the form determined
by the Committee, in its discretion, and will be evidenced by an Award Certificate. Awards may be granted singly or in combination or in tandem with other Awards. 
 4.3 Stock Options and Stock Appreciation Rights. The Committee may grant Stock Options and Stock Appreciation Rights under the Plan to those Participants whom the Committee may from time
to time select, in the amounts and pursuant to the other terms and conditions that the Committee, in its discretion, may determine and set forth in the Award Certificate, subject to the provisions below: 

(a) Form. Stock Options granted under the Plan will, at the discretion of the Committee and as set forth in
the Award Certificate, be in the form of Incentive Stock Options, Nonqualified Stock Options or a combination of the two. If an Incentive Stock Option and a Nonqualified Stock Option are granted to the same Participant under the Plan at the same
time, the form of each will be clearly identified, and they will be deemed to have been granted in separate grants. In no event will the exercise of one Award affect the right to exercise the other Award. Stock Appreciation Rights may be granted
either alone or in connection with concurrently or previously granted Nonqualified Stock Options. 
 (b)
Exercise Price. The Committee will set the Exercise Price of Fair Market Value Stock Options or Stock Appreciation Rights granted under the Plan at a price that is equal to the Fair Market Value of a Share on the date of grant, subject
to adjustment as provided in Sections 5.3 and 5.4. The Committee will set the Exercise Price of Premium-Priced Stock Options at a price that is higher than the 

  
 7 

 
Fair Market Value of a Share as of the date of grant. The Exercise Price of Incentive Stock Options will be equal to or greater than 110 percent of the Fair Market Value of a Share as of the
date of grant if the Participant receiving such Stock Options owns stock possessing more than 10 percent of the total combined voting power of all classes of stock of the Company or any Subsidiary, as defined in Code Section 424. The
Exercise Price of a Stock Appreciation Right granted in tandem with a Stock Option will equal the Exercise Price of the related Stock Option. The Committee will set forth the Exercise Price of a Stock Option or Stock Appreciation Right in the Award
Certificate. Stock Options granted under the Plan will, at the discretion of the Committee and as set forth in the Award Certificate, be Fair Market Value Stock Options, Premium-Priced Stock Options or a combination of Fair Market Value Stock
Options and Premium-Priced Stock Options. 
 (c) Term and Timing of Exercise. Each Stock Option or
Stock Appreciation Right granted under the Plan will be exercisable in whole or in part, subject to the following conditions, unless determined otherwise by the Committee: 

(i) The Committee will determine and set forth in the Award Certificate the date on which any Award of Stock Options or
Stock Appreciation Rights to a Participant may first be exercised. Unless the applicable Award Certificate provides otherwise, a Stock Option or Stock Appreciation Right will become exercisable in equal annual installments over a period of four
years from the date of grant, and will lapse 10 years after the date of grant, except as otherwise provided herein. 
 (ii) Except as set forth in Sections 5.4 and 5.5, upon a Participant’s Termination of Employment , any unvested Stock Options or Stock Appreciation Rights will be forfeited unless the Award
Certificate provides otherwise. Any Stock Options or Stock Appreciation Rights that are vested as of such Termination of Employment will lapse, and will not thereafter be exercisable, upon the earlier of (A) their original expiration date or
(B) the date that is 90 (ninety) days after the date of such Termination of Employment, unless the Award Certificate provides otherwise. 
 (iii) Stock Options and Stock Appreciation Rights of a deceased Participant may be exercised only by the estate of the Participant or by the person given authority to exercise the Stock Options or Stock
Appreciation Rights by the Participant’s will or by operation of law. If a Stock Option or Stock Appreciation Right is exercised by the executor or administrator of a deceased Participant, or by the person or persons to whom the Stock Option or
Stock Appreciation Right has been transferred by the Participant’s will or the applicable laws of descent and distribution, the Company will be under no obligation to deliver Shares or cash until the Company is satisfied that the person
exercising the Stock Option or Stock Appreciation Right is the duly appointed executor or administrator of the deceased Participant or the person to whom the Stock Option or Stock Appreciation Right has been transferred by the Participant’s
will or by applicable laws of descent and distribution. 
 (iv) Unless the applicable Award Certificate provides
otherwise, a Stock Appreciation Right granted in tandem with a Stock Option is subject to the same terms and conditions as the related Stock Option and will be exercisable only to the extent that the related Stock Option is exercisable. 

(d) Payment of Exercise Price. The Exercise Price of a Stock Option must be paid in full when the Stock
Option is exercised. Payment of the Exercise Price may be made in cash or by certified check, bank draft, wire transfer, or postal or express money order, provided that the format is approved by the Company or a designated third-party administrator.
The Committee, in its discretion may also allow payment to be made by any of the following methods, as set forth in the Award Certificate: 
 (i) Delivering a properly executed exercise notice to the Company or its agent, together with irrevocable instructions to a broker to deliver to the Company, within the typical settlement cycle for the
sale of equity securities on the relevant trading market (or otherwise in accordance with the provisions of Regulation T issued by the Federal Reserve Board), the amount of sale proceeds with respect to the portion of the Shares to be acquired
having a Fair Market Value on the date of exercise equal to the sum of the applicable portion of the Exercise Price being so paid; 

  
 8 

 (ii) Tendering (actually or by attestation) to the Company previously
acquired Shares that have been held by the Participant for at least six months, subject to paragraph (iv), and that have a Fair Market Value on the date of exercise equal to the applicable portion of the Exercise Price being so paid; or

 (iii) Provided such payment method has been expressly authorized by the Board or the Committee in advance and
subject to any requirements of applicable law and regulations, instructing the Company to reduce the number of Shares that would otherwise be issued by such number of Shares as have in the aggregate a Fair Market Value on the date of exercise equal
to the applicable portion of the Exercise Price being so paid. 
 (iv) The Committee, in consideration of
applicable accounting standards, may waive any holding period on Shares required to tender pursuant to clause (ii). 
 (e) Incentive Stock Options. Incentive Stock Options granted under the Plan will be subject to the following additional conditions, limitations and restrictions: 

(i) Eligibility. Incentive Stock Options may be granted only to Employees of the Company or a Subsidiary
that is a subsidiary of the Company within the meaning of Code Section 424. 
 (ii) Timing of
Grant. No Incentive Stock Option will be granted under the Plan after the 10-year anniversary of the date on which the Plan was adopted by the Board or, if earlier, the latest date on which the Plan was approved by the Company’s
stockholders. 
 (iii) Amount of Award. Subject to Sections 5.3 and 5.4 of the Plan, no
more than 10 million Shares may be available for grant in the form of Incentive Stock Options. 

(iv) Transfer Restrictions. In no event will the Committee permit an Incentive Stock Option to be
transferred by an Employee other than by will or the laws of descent and distribution, and any Incentive Stock Option awarded under this Plan will be exercisable only by the Employee during the Employee’s lifetime. 

(v) Any Incentive Stock Option awarded to a Participant who owns stock possessing more than 10 percent of the total
combined voting power of all classes of stock of the Company or any Subsidiary, as defined in Code Section 424, shall terminate on a date not later than the day preceding the fifth anniversary of the date the Incentive Stock Option was granted.

 (f) Exercise of Stock Appreciation Rights. Upon exercise of a Participant’s Stock
Appreciation Rights, the Company will pay cash or Shares or a combination of cash and Shares, in the discretion of the Committee and as described in the Award Certificate. Cash payments will be equal to the excess of the Fair Market Value of a Share
on the date of exercise over the Exercise Price, for each Share for which a Stock Appreciation Right was exercised. If Shares are paid for the Stock Appreciation Right, the Participant will receive a number of whole Shares equal to the quotient of
the cash payment amount divided by the Fair Market Value of a Share on the date of exercise. 
 (g) No
Repricing. Except in connection with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation,
split-up, spin-off, combination, or exchange of shares), the terms of outstanding Awards may not be amended to reduce the Exercise Price of outstanding Stock Options or Stock Appreciation Rights or to cancel outstanding Stock Options or Stock
Appreciation rights in exchange for cash, other Awards or Stock Options or Stock Appreciation Rights with an exercise price that is less than the exercise price of the original Stock Options or Stock Appreciation Rights without shareholder approval.

  
 9 

 4.4 Short-Term Performance Awards. The Committee may grant Short-Term
Performance Awards to Participants in the form of cash or Shares (including Stock Options) that are subject to Performance Measures and other terms and conditions that the Committee shall determine and set forth in the applicable Award Certificate;
provided, that any Short-Term Performance Awards granted to Key Employees shall be subject to the provisions below: 
 (a) Performance Cycles. Short-Term Performance Awards shall be awarded in connection with a Performance Cycle of no longer than 12 months. 

(b) Eligible Participants. Within 90 days after the commencement of a Performance Cycle, or such
shorter period as complies with the applicable requirements of Code Section 162(m), the Committee will determine the Key Employees who are eligible to receive a Short-Term Performance Award. 

(c) Performance Measures; Targets; Award Criteria.

(i) Within 90 days after the commencement of a Performance Cycle, or such shorter period as complies with the
applicable requirements of Code Section 162(m), the Committee will fix and establish in writing (A) the Performance Measures that will apply to that Performance Cycle; (B) the Target Amount applicable to each Award; and
(C) subject to subsection (d) below, the criteria for computing the amount that will be paid with respect to each level of attained performance. The Committee will also set forth the minimum level of performance, based on objective
factors, that must be attained during the Performance Cycle before any Short-Term Performance Award will be paid and the percentage of the Target Amount that will become payable upon attainment of various levels of performance that equal or exceed
the minimum required level. In applying Performance Measures, the Committee may, in its discretion, exclude unusual, infrequently occurring or other items that it deems appropriate (including any event listed in Sections 5.3 and 5.4 and the
cumulative effect of changes in the law, regulations or accounting rules) in compliance with the applicable requirements of Code Section 162(m). 
 (ii) The Committee may reduce, but not increase, the amount payable to any Key Employee with respect to any given Performance Cycle. 

(d) Payment, Certification. No Short-Term Performance Award will vest with respect to any Key Employee until
the Committee certifies in writing the level of performance attained for the Performance Cycle in relation to the applicable Performance Measures. 
 (e) Form of Payment. Short-Term Performance Awards may be paid in cash or full Shares, in the discretion of the Committee, and as set forth in the Award Certificate. All such Awards shall be
paid no later than the 15th day of the third month following the end of the calendar year (or, if later, following the end of the Company’s fiscal year) in which such Awards are no longer subject to a substantial risk of forfeiture (as
determined for purposes of Code Section 409A), except to the extent that a Participant has elected to defer payment under the terms of a duly authorized deferred compensation arrangement, in which case the terms of such arrangement shall
govern. 
 (f) Acceleration. Unless the applicable Award Certificate or the terms of an Award
provides otherwise, each Participant who has been granted a Short-Term Performance Award that is outstanding as of the date of a Change in Control will be deemed to have achieved a level of performance, as of the date of Change in Control, that
would cause all (100%) of the Participant’s Target Amount to become payable. 
 4.5 Long-Term Performance Awards.
The Committee may grant Long-Term Performance Awards to Participants in the form of cash or Shares (including Stock Options) that are subject to Performance Measures and other terms and conditions that the Committee shall determine and set forth
in the applicable Award Certificate; provided, that any Long -Term Performance Awards granted to Key Employees shall be subject to the provisions below: 
 (a) Performance Cycles. Long-Term Performance Awards will be awarded in connection with a Performance Cycle that is no shorter than 12 months and no longer than 5 years. 

  
 10 

 (b) Eligible Participants. Within 90 days after the
commencement of a Performance Cycle, the Committee will determine the Key Employees who will be eligible to receive a Long-Term Performance Award for the Performance Cycle. 

(c) Performance Measures; Targets; Award Criteria.

(i) Within 90 days after the commencement of a Performance Cycle, the Committee will fix and establish in writing
(A) the Performance Measures that will apply to that Performance Cycle; (B) the Target Amounts and/or Target Vesting Percentages applicable to each Award; and (C) subject to subsection (d) below, the criteria for computing the
amount that will be paid or will vest with respect to each level of attained performance. The Committee will also set forth the minimum level of performance, based on objective factors, that must be attained during the Performance Cycle before any
Long-Term Performance Award will be paid or will vest, and the percentage of the Awards that will become payable or will vest upon attainment of various levels of performance that equal or exceed the minimum required level. In applying Performance
Measures, the Committee may, in its discretion, exclude unusual, infrequently occurring or other items that it deems appropriate (including any event listed in Sections 5.3 and 5.4 and the cumulative effect of changes in the law, regulations or
accounting rules) in compliance with the applicable requirements of Code Section 162(m). 
 (ii) The
Committee may reduce, but not increase, the amount of Long-Term Performance Awards payable to any Key Employee with respect to any given Performance Cycle. 
 (d) Payment, Certification. No Long-Term Performance Award will vest with respect to any Key Employee until the Committee certifies in writing the level of performance attained for the
Performance Cycle in relation to the applicable Performance Measures. 
 (e) Form of
Payment. Long-Term Performance Awards may be paid in cash or full Shares, in the discretion of the Committee, and as set forth in the Award Certificate. All such Long-Term Performance Awards shall be paid no later than the 15th day of
the third month following the end of the applicable Performance Cycle, except as otherwise provided in the applicable Award Certificate or to the extent that a Participant has elected to defer payment under the terms of a duly authorized deferred
compensation arrangement, in which case the terms of such arrangement shall govern. 
 4.6 Other Stock-Based
Awards. The Committee may, from time to time, grant Awards (other than Stock Options, Stock Appreciation Rights, Short-Term Performance Awards or Long-Term Performance Awards) to any Participant who the Committee may from time to time
select, which Awards consist of, or are denominated in, payable in, valued in whole or in part by reference to, or otherwise related to, Shares. These Awards may include, among other forms, Restricted Stock, Restricted Units, or Deferred Stock
Units. The Committee will determine, in its discretion, the terms and conditions that will apply to Awards granted pursuant to this Section 4.6, which terms and conditions will be set forth in the applicable Award Certificate. 

(a) Vesting. Unless the Award Certificate provides otherwise, restrictions on Stock-Based Awards granted under
this Section 4.6 will lapse in equal annual installments over a period of four years beginning immediately after the date of grant. Except as set forth in Sections 5.4 and 5.5, if the restrictions on Stock-Based Awards have not lapsed or been
satisfied as of the Participant’s Termination of Employment, such Awards will be forfeited by the Participant, and, as the case may be, the Participant shall be required to retransfer any Shares to the Company previously delivered to the
Company in respect of such Awards. 
 (b) Grant of Restricted Stock. The Committee may grant
Restricted Stock to any Participant. The Participant will have all rights of a stockholder with respect to the Shares, including the right to vote and to receive dividends or other distributions, except that the Shares may be subject to a vesting
schedule and will be forfeited if the Participant attempts to sell, transfer, assign, pledge or otherwise encumber or dispose of the Shares before the restrictions are satisfied or lapse. Upon forfeiture, the Participant shall be required to
retransfer the Shares to the Company. 

  
 11 

 (c) Grant of Restricted Units. The Committee may grant
Restricted Units to any Participant, which Units will be paid in cash or whole Shares or a combination of cash and Shares, in the discretion of the Committee, when the restrictions on the Units lapse and any other conditions set forth in the Award
Certificate have been satisfied. For each Restricted Unit that vests, one Share will be paid or an amount in cash equal to the Fair Market Value of a Share as of the date on which the Restricted Unit vests. 

(d) Grant of Deferred Stock Units. The Committee may grant Deferred Stock Units to any Participant, which
Units will be paid in whole Shares if the restrictions on the Units have lapsed. One Share will be paid for each Deferred Stock Unit that becomes payable.
 4.7 Nonemployee Director Awards.
 (a) Annual
Awards. Annually, the Committee shall grant an Award to each Nonemployee Director in such an amount as the Board, in its discretion, may approve in advance; provided that the fair market value (as determined under GAAP) on the grant date of such
Award does not exceed $200,000. Unless the Committee determines otherwise, the form of such Awards shall be Restricted Stock Units with a one year vesting period, and shall be granted on the business day following the annual general meeting of
shareholders. 
 (b) Additional Awards. In addition to the annual Awards provided for above, the Committee
may, in its discretion, grant additional Awards to Nonemployee Directors or prospective Nonemployee Directors, provided that in no event shall such an Award be granted with respect to more than 20,000 Shares in any fiscal year. 

4.8 Substitute Awards. The Committee may make Awards under the Plan to Acquired Grantees through the assumption of, or in
substitution for, outstanding stock-based awards previously granted to such Acquired Grantees. Unless otherwise agreed in the relevant documentation related to the acquisition, such assumed or substituted Awards will be subject to the terms and
conditions of the original awards made by the Acquired Company, with such adjustments therein as the Committee considers appropriate to give effect to the relevant provisions of the acquisition agreement. Any grant of Incentive Stock Options
pursuant to this Section 4.8 will be made in accordance with Code Section 424 and any final regulations published thereunder. 
 4.9 Limit on Individual Grants. Subject to Sections 5.1, 5.3 and 5.4, no Participant may be granted an Award with respect to more than 6 million Shares in any calendar year,
provided, that additional Awards in excess of such limitation and up to 10 million Shares may be granted to a Reporting Person who has been hired within the calendar year so long as such additional Awards are made in the form of Stock
Options, Stock Appreciation Rights or Long-Term Performance Based Awards. The maximum amount that may be paid in cash or Shares to any Participant pursuant to Short-Term Performance Awards is $5 million per calendar year. The maximum amount
that may be paid in cash to any Participant pursuant to Long-Term Performance Awards is $5 million per calendar year and the maximum number of Shares payable with respect to Long-Term Performance Awards shall not exceed 6 million Shares
for any calendar year (or 10 million Shares in the circumstance described in the proviso of the preceding sentence) less the number of Shares related to any other Awards granted in the same calendar year to such Participant (pro rated, in each
case, as appropriate over the applicable Performance Cycles). 
 4.10 Termination for Cause. Notwithstanding
anything to the contrary herein, if a Participant incurs a Termination of Directorship or Termination of Employment for Cause, then all of such Participant’s Awards will immediately be cancelled. The exercise of any Stock Option or Stock
Appreciation Right or the payment of any Award may be delayed, in the Committee’s discretion, in the event that a potential termination for Cause is pending. 

  
 12 

 ARTICLE V 
 SHARES SUBJECT TO THE PLAN; ADJUSTMENTS 
 5.1 Shares
Available. The Shares issuable under the Plan may consist of Shares issued from the Company’s authorized share capital or conditional share capital or treasury shares of the Company (including, for the avoidance of doubt, Shares owned
by any Subsidiary). The total number of Shares reserved for Awards under the Plan is the sum of (i) 50,000,000 and (ii) any Shares subject, as of the Effective Date of the Plan, to the outstanding awards under the Tyco International Ltd.
2004 Stock and Incentive Plan that cease for any reason to be subject to such awards (other than by reason of exercise or settlement of the awards to the extent they are exercised for or settled in vested and nonforfeitable Shares) as may be
adjusted by Sections 5.3 and 5.4. Awards denominated in Shares that are granted as Stock Options or Stock Appreciation Rights shall at the time of grant, reduce, on a 1-for-1 basis, the number of Shares available under the Plan. Awards
denominated in Shares that are granted as Restricted Stock, Restricted Units, Performance Units, Other Stock-Based Awards, or in respect of Short-Term Performance Awards or Long-Term Performance Awards (other than performance based Stock Options)
shall at the time of grant, reduce, on a 1-for-3.32 basis, the number of Shares available under the Plan. 
 5.2 Counting
Rules. The following Shares related to Awards under this Plan shall restore Shares available in the same amount in which the Award reduced the Shares available set forth in Section 5.1: 

(a) Shares related to Awards paid in cash; 

(b) Shares related to Awards that expire, are forfeited or cancelled, or terminate for any other reason without
issuance of Shares; 
 (c) Any Shares issuable in connection with Awards that are assumed, converted or
substituted as a result of the acquisition of an Acquired Company by the Company or a combination of the Company with another company; and 
 (d) Any Shares of Restricted Stock that are returned to the Company as Restricted Stock. 
 Any Shares that become issuable under the Plan as a result of an adjustment to an outstanding Award in connection with the Company’s spin-offs of The ADT Corporation and Tyco Flow Control
International Ltd. and related transactions (the “Separation”) shall not be counted against the number of Shares available set forth in Section 5.1. For the avoidance of doubt, the full number of Stock Appreciation Rights granted that
are to be settled by the issuance of Shares shall be counted at the time of grant against the number of Shares available set forth in Section 5.1, regardless of the number of Shares actually issued upon settlement of such Stock Appreciation
Rights. Furthermore, any Shares withheld to satisfy tax withholding obligations on an Award issued under the Plan, Shares tendered to pay the exercise price of an Award under the Plan, and Shares repurchased on the open market with the proceeds of
an Option exercise shall not restore Shares available for grant under this Plan. 
 5.3 Adjustments. In the event of
a change in the outstanding Shares by reason of a stock split, reverse stock split, dividend or other distribution (whether in the form of cash, Shares, other securities or other property), extraordinary cash dividend, recapitalization, merger,
consolidation, split-up, spin-off, reorganization, combination, repurchase or exchange of Shares or other securities or similar corporate transaction or event, the Committee shall make appropriate adjustments to prevent dilution or enlargement of
the benefits or potential benefits intended to be made available under the Plan (including adjustments to Shares available).

5.4 Change in Control.
 (a) Acceleration. Unless the applicable Award Certificate provides otherwise, for any Participant who incurs a Change in Control Termination, all unvested Stock Options and Stock Appreciation
Rights will become exercisable as of the later of (i) the effective date of the Change in Control and (ii) the effective date of the Change in Control Termination, and all conditions to vesting will be waived with respect to all other
unvested Awards that are denominated in Shares. In such a case, with 

  
 13 

 
respect to Short-Term Performance Awards and Long-Term Performance Awards, performance will be deemed to have been achieved at a level of performance, as determined in the sole discretion of the
Committee, at the higher of 100% of the Participant’s Target Amount and the level of actual performance as of the date of the Change in Control. 
 (b) Adjustment, Conversion and Payment. In addition to the foregoing, no later than 90 days after the date of Change in Control, the Committee (as constituted prior to the date of Change
in Control) shall provide for the following actions to apply to each Award that is outstanding as of the date of Change in Control: (i) an adjustment to such Award as the Committee deems appropriate to reflect such Change in Control,
(ii) the acquisition of such Award, or substitution of a new right therefor, by the acquiring or surviving entity after such Change in Control, or (iii) the purchase of such Award for an amount of cash equal to the amount that could have
been attained upon the exercise or redemption of such Award immediately prior to the Change in Control had such Award been exercisable or payable at such time. Any payment made pursuant to this Section 5.4(b) shall include the value of any
dividend equivalents credited with respect to such Award and accrued interest on such dividend equivalents. The Committee may specify how an Award will be treated in the event of a Change in Control either when the Award is granted or at any time
thereafter, except as otherwise provided herein. 
 5.5 Vesting upon Death, Disability and Retirement. Unless the
applicable Award Certificate provides otherwise: 
 (a) upon the death or Disability of a Participant, all
unvested Awards held by such Participant shall vest, and with respect to all of such Participant’s Stock Options and Stock Appreciation Rights, such Awards will be exercisable until the earlier of (i) their original expiration date and
(ii) the date that is three years after the date on which the Participant dies or incurs a Disability. 

(b) upon the Termination of Employment of a Participant for any reason other than the Participant’s death or
Disability or due to a Change in Control, if the Participant has attained age 55, and the sum of the Participant’s age and years of service with the Company is 60 or higher, a pro rata portion of each Award held by such Participant shall vest
based on the number of full months of service completed commencing on the grant date of such Award and ending on the date of Termination of Employment divided by the full number of months required to achieve complete vesting. With respect to all of
such Participant’s Stock Options and Stock Appreciation Rights, such Awards will be exercisable until the earlier of (i) their original expiration date and (ii) the date that is three years after the date of Termination of Employment.

 5.6 Fractional Shares. The Committee may, in its discretion, determine whether fractional shares may be settled
in cash, shares or cancelled. 
 5.7 Dividends and Dividend Equivalents. At the discretion of the Committee and as
set forth in the applicable Award Certificate, dividends issued on Shares may be credited with respect to any Award other than a Stock Option or Stock Appreciation Right in the form of dividend equivalents. Dividend equivalents will be subject to
such vesting and other terms as are determined by the Committee and set forth in the applicable Award Certificate. For any Award that is entitled to dividend equivalents, (i) unless the Award Certificate provides otherwise, such dividend
equivalent shall equal, on a per Share basis, the quotient produced by dividing the cash value of the dividend by the Fair Market Value of one Share as of the date the dividend is paid, (ii) such dividend equivalent shall vest at the same time,
and only to the extent that, the underlying Award vests (taking into account any applicable performance conditions). 

ARTICLE VI 

AMENDMENT AND TERMINATION 
 6.1 Amendment. The Plan may be amended at any time and from time to time by the Board or the Committee without the approval of stockholders of the Company, except that no material revision to
the terms of the 

  
 14 

 
Plan will be effective until the amendment is approved by the stockholders of the Company. A revision is “material” for this purpose if it materially increases the number of Shares that
may be issued under the Plan (other than an increase pursuant to Sections 5.3 and 5.4 of the Plan), expands the types of Awards available under the Plan, materially expands the class of persons eligible to receive Awards under the Plan,
materially extends the term of the Plan, materially decreases the Exercise Price at which Stock Options or Stock Appreciation Rights may be granted, reduces the Exercise Price of outstanding Stock Options or Stock Appreciation Rights, results in the
replacement of outstanding Stock Options and Stock Appreciation Rights with new Awards that have an Exercise Price that is lower than the Exercise Price of the replaced Stock Options and Stock Appreciation Rights, or otherwise requires the consent
of shareholders under applicable law, regulation or exchange listing standard; provided, that the Board may, in its discretion, amend Section 4.7 to increase the maximum amount of Awards permitted to be granted to Nonemployee Directors
in any calendar year. No amendment of the Plan or any outstanding Award made without the Participant’s written consent may adversely affect any right of a Participant with respect to an outstanding Award. 

6.2 Termination. The Plan will terminate upon the earlier of the following dates or events to occur: 

(a) the adoption of a resolution of the Board terminating the Plan; or 

(b) the day before the 10th anniversary of the most recent effective date following shareholder approval of the Plan.

 No Awards will be granted under this Plan after it has terminated. The termination of the Plan, however, will not alter or
impair any of the rights or obligations of any person under any Award previously granted under the Plan without such person’s consent. After the termination of the Plan, any previously granted Awards will remain in effect and will continue to
be governed by the terms of the Plan and the applicable Award Certificate. 
 ARTICLE VII 

GENERAL PROVISIONS 
 7.1 Nontransferability of Awards. No Award under the Plan will be subject in any manner to alienation, anticipation, sale, assignment, pledge, encumbrance or transfer, and no other persons
will otherwise acquire any rights therein, except as provided below. 
 (a) Any Award may be transferred by will
or by the laws of descent or distribution. 
 (b) The Committee may provide in the applicable Award Certificate
that all or any part of an Award (other than an Incentive Stock Option) may be transferred to a family member. For purposes of this subsection (b), “family member” includes any child, stepchild, grandchild, parent, stepparent,
grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the Participant, including adoptive relationships, any person sharing the Participant’s
household (other than a tenant or employee), a trust in which these persons have more than fifty percent of the beneficial interest, a foundation in which these persons (or the Participant) control the management of assets, and any other entity in
which these persons (or the Participant) own more than fifty percent of the voting interests. 
 Any transferred
Award will be subject to all of the same terms and conditions as provided in the Plan and the applicable Award Certificate. The Participant or the Participant’s estate will remain liable for any withholding tax that may be imposed by any
federal, state or local tax authority. The Committee may, in its discretion, disallow all or a part of any transfer of an Award pursuant to this subsection (b) unless and until the Participant makes arrangements satisfactory to the Committee
for the payment of any withholding tax. 
 (c) Except as otherwise provided in the applicable Award Certificate,
any Nonqualified 

  
 15 

 
Stock Option transferred by a Participant pursuant to this subsection (c) may be exercised by the transferee only to the extent that the Award would have been exercisable by the Participant
had no transfer occurred. The transfer of Shares upon exercise of the Award will be conditioned on the payment of any withholding tax. 
 (d) Restricted Stock may be freely transferred after the restrictions lapse or are satisfied and the Shares are delivered, and, if applicable, in compliance with Rule 144 under the Securities Act, or
pursuant to an effective registration for resale under the Securities Act. 
 (e) In no event may a Participant
transfer an Incentive Stock Option other than by will or the laws of descent and distribution. 
 7.2 Withholding of
Taxes. The Committee, in its discretion, may satisfy a Participant’s tax withholding obligations by any of the following methods or any method as it determines to be in accordance with the laws of the jurisdiction in which the
Participant resides, has domicile or performs services. 
 (a) Stock Options and Stock Appreciation
Rights. As a condition to the delivery of Shares pursuant to the exercise of a Stock Option or Stock Appreciation Right, the Committee may require that the Participant, at the time of exercise, pay to the Company by cash, certified check,
bank draft, wire transfer or postal or express money order an amount sufficient to satisfy any applicable tax withholding obligations. The Committee may also, in its discretion, accept payment of tax withholding obligations through any of the
Exercise Price payment methods described in Section 4.3(d). 
 (b) Other Awards Payable in
Shares. The Participant shall satisfy the applicable tax withholding obligations arising in connection with the release of restrictions on Restricted Units, Restricted Stock and other Stock-Based Awards by payment to the Company in cash or
by certified check, bank draft, wire transfer or postal or express money order, provided that the format is approved by the Company or a designated third-party administrator. However, subject to any requirements of applicable law, the Participant
may also satisfy the tax withholding obligations by other methods, including selling or withholding Shares that would otherwise be available for delivery, provided that the Board or the Committee has specifically approved such payment method in
advance. 
 (c) Awards Paid in Cash. The Company may satisfy a Participant’s tax withholding
obligation arising in connection with the payment of any Award in cash by withholding cash from such payment. 
 7.3 Code
Section 162(m). The Committee or, to the extent required by applicable law, the Board, may, in its discretion grant Awards that are intended to be “performance-based compensation” under Section 162(m). The Committee or,
to the extent required by applicable law, the Board, will have the authority, in its sole and absolute discretion, to interpret and administer the Plan consistent with Code Section 162(m) with respect to Key Employees. For the purposes of
the Plan, it shall be presumed, unless the Committee indicates to the contrary, that all Awards to Key Employees are intended to qualify as “performance-based compensation” under Code Section 162(m). If the Committee does not intend
an Award to a Participant to qualify as performance-based compensation under Code Section 162(m), the Committee shall reflect its intent in its records in such manner as the Committee determines to be appropriate 

7.4 No Implied Rights. A Participant’s rights, if any, in respect of or in connection with any Award are derived
solely from the discretionary decision of the Company to permit the individual to participate in the Plan and to benefit from a discretionary Award. By accepting an Award under the Plan, a Participant expressly acknowledges that there is no
obligation on the part of the Company to continue the Plan and/or grant any additional Awards. Any Award granted hereunder is not intended to be compensation of a continuing or recurring nature, or part of a Participant;s normal or expected
compensation, and in no way represents any portion of a Participant’s salary, compensation, or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose. 

  
 16 

 Neither the Plan, nor any Award granted under the Plan, shall be deemed to give any
individual a right to remain an Employee or Director of the Company or any Subsidiary. The Company and its Subsidiaries reserve the right to terminate the service of any person at any time, and for any reason, subject to applicable laws, the
Company’s charter documents and any other applicable written agreement (if any), and such terminated person shall be deemed irrevocably to have waived any claim to damages or specific performance for breach of contract or dismissal,
compensation for loss of office, tort or otherwise with respect to the Plan or any outstanding Award that is forfeited and/or is terminated by its terms or to any future Award. 

7.5 No Obligation to Exercise Awards. The grant of a Stock Option or Stock Appreciation Right will impose no obligation upon
the Participant to exercise the Award. 
 7.6 No Rights as Stockholders. Except as otherwise specifically provided
herein or in the applicable Award Certificate, a Participant who is granted an Award under the Plan will have no rights as a stockholder of the Company with respect to the Award unless and until the Shares underlying the Award are issued in the
Participant as evidenced by an appropriate entry on the books of the Company or a duly authorized transfer agent of the Company. The right of any Participant to receive an Award by virtue of participation in the Plan will be no greater than the
right of any unsecured general creditor of the Company. 
 7.7 No Required Segregation of Assets. Neither the
Company nor any Subsidiary will be required to segregate any assets that may at any time be represented by Awards granted pursuant to the Plan. 
 7.8 Nature of Payments. All Awards made pursuant to the Plan are in consideration of services for the Company or a Subsidiary. Any gain realized pursuant to Awards under the Plan constitutes a
special incentive payment to the Participant and will not be taken into account as compensation for purposes of any other employee benefit plan of the Company or a Subsidiary, except as the Committee otherwise provides. The adoption of the Plan will
have no effect on awards made or to be made under any other benefit plan covering an employee of the Company or a Subsidiary or any predecessor or successor of the Company or a Subsidiary. 

7.9 Securities Law Compliance. Awards under the Plan are intended to satisfy the requirements of Rule 16b-3 under the
Exchange Act. If any provision of this Plan or any grant of an Award would otherwise frustrate or conflict with this intent, that provision will be interpreted and deemed amended so as to avoid conflict. No Participant will be entitled to a grant,
exercise, transfer or payment of any Award if the grant, exercise, transfer or payment would violate the provisions of the Sarbanes-Oxley Act of 2002 or any other applicable law. 

7.10 Section 409A of the Code. Notwithstanding other provisions of the Plan, or any applicable Award Certificate, no
Award shall be granted, deferred, accelerated, extended, paid out or modified under this Plan in a manner that would result in the imposition of an additional tax upon a Participant under Code Section 409A. In the event that it is reasonably
determined by the Committee that, as a result of Code Section 409A, payments in respect of any Award under the Plan may not be made at a time contemplated by the terms of the Plan or the applicable Award Certificate, as the case may be, without
causing the Participant holding such Award to be subject to taxation under Code Section 409A, the Company shall make such payment on the first day that would not result in the Participant incurring any tax liability under Code
Section 409A. References under the Plan or the terms of the applicable Award Certificate to the Participant’s termination of employment shall be deemed to refer to the date upon which the Participant has experienced a “separation from
service” within the meaning of Code Section 409A. Notwithstanding anything herein to the contrary, (a) if at the time of the Participant’s separation from service with any Service Recipient, the Participant is a “specified
employee” as defined in Code Section 409A, and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such separation from service is necessary in order to prevent the imposition of any
accelerated or additional tax under Code Section 409A, then the Company will defer the commencement of the payment of any such payments or benefits hereunder to the minimum extent necessary to satisfy Code Section 409A until the date that
is six months and one day following the Participant’s separation from service with all Service Recipients (or the earliest date that is permitted under Code Section 409A), if such payment or benefit is payable upon a termination of
employment, and (b) if any other payments of money or other benefits due to the Participant hereunder would cause the application of an accelerated or additional tax under Code Section 409A, such payments or other benefits shall be
deferred, if deferral will make such payment or other benefits compliant under Code Section 409A, or otherwise such payment or other benefits shall be restructured, ot the minimum extent necessary, in a manner, reasonably determined by the
Committee, that does not cause such an accelerated or additional tax or result in an additional cost to the Company. 

  
 17 

 7.11 Governing Law, Severability. The Plan and all determinations made and
actions taken under the Plan will be governed by the law of the Company’s place of incorporation and construed accordingly. If any provision of the Plan is held unlawful or otherwise invalid or unenforceable in whole or in part, the
unlawfulness, invalidity or unenforceability will not affect any other parts of the Plan, which parts will remain in full force and effect. 
 7.12 Forfeiture; Clawback. The Committee may, in its discretion, provide in an Award Certificate provisions it deems appropriate related to non-competition, non-solicitation, confidentiality,
anti-disparagement and similar matters. The Committee may, in its discretion, specify in an Award or a policy that will be incorporated into an Award agreement by reference, that the Participant’s rights, payments, and benefits with respect to
an Award shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or performance conditions of an Award. Such events may include, but shall
not be limited to, termination of Employment for cause, termination of the Participant’s provision of services to the Company or any of its Subsidiaries, breach of noncompetition, confidentiality, or other restrictive covenants that may apply
to the Participant, or restatement of the Company’s financial statements to reflect adverse results from those previously released financial statements, as a consequence of errors, omissions, fraud, or misconduct. 

  
 18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]