Document:

EX-10.3

 Exhibit 10.3 

PATENT LICENSE AGREEMENT 

THIS PATENT LICENSE AGREEMENT (this “Agreement”), dated on or about July 20, 2015, and effective as of the Effective
Date, is by and between Dell Inc., for itself and its Subsidiaries (“Dell”), and SecureWorks Holding Corporation, for itself and its Subsidiaries (“Spyglass”) (each a “Party” and collectively, the
“Parties”). 
 RECITALS 

WHEREAS, the Parties intend that Spyglass will issue and sell in a registered public offering up to twenty percent (20%) of the
post-offering outstanding common stock of Spyglass, and thereby become a public company (“IPO”); 
 WHEREAS, in order to
ensure that following the IPO each of Dell and Spyglass has ongoing rights to certain Patents owned by the other Party, Dell hereby agrees to license to Spyglass certain Patents owned by Dell, and Spyglass hereby agrees to license to Dell certain
Patents owned by Spyglass, as further set forth herein. 
 NOW, THEREFORE, in consideration of the mutual agreements, provisions and
covenants contained in this Agreement, the Parties, intending to be legally bound, hereby agree as follows: 
 ARTICLE I 

Defined Terms 

Section 1.01 Certain Defined Terms. For purposes of this Agreement, the following capitalized terms shall have the following
meanings: 
 “Bankruptcy Code” has the meaning set forth in Section 3.04; 

“Dell Licensed Patents” means all Patents owned by Dell and used or contemplated for use by Spyglass solely for the Spyglass
Business as of the Effective Date; 
 “Dell Subsidiary” means any Subsidiary of Dell Inc., other than Spyglass and its
Subsidiaries; 
 “Dispute” has the meaning set forth in Section 6.01; 

“Dispute Resolution Commencement Date” has the meaning set forth in Section 6.01; 

“Effective Date” means August 1, 2015, at 12:01 AM Central Daylight Time; 

“ICC Rules” has the meaning set forth in Section 6.02; 

“Improvement” means a development, improvement, enhancement, modification, adaptation or derivative work to or of the Dell
Licensed Patents or Spyglass Licensed Patents, as applicable; 

  
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 “Licensee” means Spyglass or Dell as the licensee hereunder, as applicable; 

“Licensor” means Spyglass or Dell as the licensor hereunder, as applicable; 

“Patents” means patents and provisional and non-provisional patent applications, and all continuations,
continuations-in-part, extensions, reissues, divisions or invention disclosures relating thereto; 
 “Person” means an
individual, sole proprietorship, partnership, limited partnership, limited liability partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture or other similar entity
or organization, including a government or political subdivision, department or agency of a government (whether or not having a separate legal personality); 

“Spyglass Business” means the business of (a) providing (i) information and network managed security services,
(ii) information and network security and risk consulting, (iii) security incident response services, and (iv) security-related regulatory compliance solutions; and (b) researching and developing responses to cyber security
threats, in each case as conducted as of the Effective Date by Spyglass or any Spyglass Subsidiary; 
 “Spyglass Licensed
Patents” means all Patents owned by Spyglass, including the Patents existing as of the Effective Date set forth on Exhibit A hereto and Patents filed after the Effective Date; 

“Spyglass Subsidiary” means any Subsidiary of SecureWorks Holding Corporation; 

“Subsidiary” means, with respect to any Party (the “parent”), (a) any corporation, limited liability company,
partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP, as well as
(b) any other corporation, limited liability company, partnership, association or other entity of which securities or other ownership interests representing more than fifty percent (50%) of the equity or more than fifty percent
(50%) of the ordinary voting power or, in the case of a partnership, more than fifty percent (50%) of the general partnership interests are, as of such date, owned, controlled or held by the parent or one or more subsidiaries of the
parent; and 
 “Third Party” means a Person other than a Party. 

ARTICLE II  
 License
Grant 
 Section 2.01 License to Dell. Subject to the terms and conditions of this Agreement, Spyglass hereby grants to Dell
a non-exclusive, worldwide and fully paid-up license in and under the Spyglass Licensed Patents to make, have made, use, sell, offer for sale, import and otherwise commercialize products and services. The foregoing licenses to the Spyglass Licensed
Patents are fully sublicenseable by Dell. 

  
 2 

 Section 2.02 License to Spyglass. Subject to the terms and conditions of this
Agreement, Dell hereby grants to Spyglass a non-exclusive, worldwide and fully paid-up license in and under the Dell Licensed Patents to make, have made, use, sell, offer for sale, and import products and services for the Spyglass Business. The
foregoing license to the Dell Licensed Patents is fully sublicenseable by Spyglass subject to the limitation that any such sublicense shall be solely for purposes of the Spyglass Business and for no other purposes. 

Section 2.03 Reservation of Rights. All rights in and to all Spyglass Licensed Patents that are not explicitly granted in
Section 2.01 or otherwise set forth in writing between the Parties are hereby reserved. All rights in and to all Dell Licensed Patents that are not explicitly granted in Section 2.02 or otherwise set forth in writing between
the Parties are hereby reserved. 
 ARTICLE III  

Term; Termination 

Section 3.01 Term. The term of this Agreement shall commence on the Effective Date and, subject to Section 3.02 below,
shall remain in effect (a) with respect to the Dell Licensed Patents, until the last to expire of such Patents, and (b) with respect to the Spyglass Licensed Patents, until the last to expire of such Patents. 

Section 3.02 Termination. This Agreement (or the applicable portion thereof) may be terminated only as follows: 

(a) With respect to all or a portion of the Spyglass Licensed Patents, by Dell upon written notice at any time; 

(b) With respect to all or a portion of the Dell Licensed Patents, by Spyglass upon written notice at any time; and 

(c) By a Party upon written notice in the event of the other Party’s material breach of this Agreement, which breach remains uncured
thirty (30) days after the breaching Party’s receipt of written notice thereof; provided however, in the event of any such termination for breach, the licenses granted to the non-breaching Party hereunder automatically shall convert to
perpetual, irrevocable licenses and shall survive any such termination. 

  
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 Section 3.03 Effect of Termination. Except as otherwise set forth in
Section 3.02(c), upon the (a) expiration of this Agreement or (b) termination of this Agreement pursuant to Section 3.02(a) or (b), all licenses granted hereunder with respect to the Spyglass Licensed Patents
or Dell Licensed Patents, as applicable, shall terminate. 
 Section 3.04 Licensor Bankruptcy. Should a Licensor become the
subject of a bankruptcy or similar insolvency proceeding or any analogous proceeding in any jurisdiction to which such Licensor is subject, the Licensee shall be permitted to retain its licenses in Patents under this Agreement and to take
appropriate action as may be reasonably required to retain such licenses. Without limiting the foregoing, all licenses granted to a Licensee under this Agreement are, and shall otherwise be deemed to be, for purposes of Section 365(n) of
the United States Bankruptcy Code, as amended (the “Bankruptcy Code”), licenses to rights to “intellectual property” as defined in the Bankruptcy Code. In furtherance and not in limitation of the foregoing, upon the
commencement of any bankruptcy proceeding by or against a Licensor under the Bankruptcy Code, the Licensee may fully exercise all of its rights and elections under the Bankruptcy Code to retain the licensed rights granted to it by the Licensor
pursuant to this Agreement and to use the Dell Licensed Patents and/or Spyglass Licensed Patents, as applicable, as in effect immediately prior to such proceeding, notwithstanding any rejection of this Agreement in any such proceeding. A Licensee
shall not be deemed to have terminated this Agreement unless it has expressly done so in writing. 
 Section 3.05 Survival.
Section 3.02 (Termination), Section 3.03 (Effect of Termination), Section 3.05 (Survival), Article VI (Dispute Resolution), Article VII (Warranty Disclaimer), Article VIII (Limitation of
Liability), and Article IX (Miscellaneous) shall survive any termination of this Agreement. 
 ARTICLE IV  

Prosecution, Infringement and Defense 

Section 4.01 Prosecution of Licensed Patents. The prosecution and maintenance of Patents licensed hereunder shall be at the sole
and absolute discretion of the Licensor that owns the applicable Patents. Notwithstanding the foregoing, in the event that Spyglass decides not to prosecute and/or maintain patent protection for any Spyglass Licensed Patent: (a) Spyglass shall
notify Dell of such determination in writing reasonably in advance of any prosecution or maintenance deadline relating thereto; and (b) Dell shall have the right to request that Spyglass transfer ownership of such Spyglass Licensed Patent to
Dell, and upon such request Spyglass shall transfer ownership of such Spyglass Licensed Patent to Dell at Dell’s expense, and Spyglass shall cooperate to promptly assign in writing all of Spyglass’ right, title and interest in and to such
Spyglass Licensed Patent to Dell. 
 Section 4.02 Enforcement of Patents. The Licensor shall have the sole right, but not the
obligation, to prosecute or take other action regarding any acts of infringement, misappropriation or other violation by a Third Party of the Patents licensed by the Licensor to the Licensee hereunder. 

  
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 ARTICLE V 

Improvements 
 Each Party
shall have the right to create or develop Improvements at any time, which Improvements shall be owned by the creating or developing Party subject to any of the other Party’s pre-existing rights in the Dell Licensed Patents and/or Spyglass
Licensed Patents, as applicable. Such Improvements owned by Dell shall be considered part of the Dell Licensed Patents hereunder, and such Improvements owned by Spyglass shall be considered part of the Spyglass Licensed Patents hereunder. 

ARTICLE VI 
 Dispute
Resolution 
 Section 6.01 Negotiation. If a dispute, controversy or claim (“Dispute”) arises between the
Parties relating to the interpretation or performance of this Agreement, within fifteen (15) days from a request from a Party in writing, appropriate senior executives of each Party, who shall have the authority to resolve the matter, shall
meet to attempt in good faith to negotiate a resolution of the Dispute prior to pursuing other available remedies. The date of the initial meeting between appropriate senior executives shall be referred to herein as the “Dispute Resolution
Commencement Date.” Discussions and correspondence relating to trying to resolve such Dispute by meetings between appropriate senior executives shall be treated as confidential information developed for the purpose of settlement and shall
be exempt from discovery or production, if any, in connection with any arbitration conducted pursuant to Section 6.02 and shall not be admissible as evidence in such an arbitration. If the senior executives do not resolve the Dispute
within thirty (30) days from the Dispute Resolution Commencement Date, either Party may begin arbitration pursuant to Section 6.02. 

Section 6.02 Arbitration. If any Dispute is not resolved pursuant to Section 6.01, either Party may initiate an
arbitration conducted in New York City and in the English language pursuant to the Rules of Arbitration of the International Chamber of Commerce (the “ICC Rules”) and by three (3) arbitrators appointed in accordance with the
ICC Rules, pursuant to which the Dispute will be finally settled. The Emergency Arbitrator Provisions of the ICC Rules will apply to any Dispute, and the Parties agree that the Emergency Arbitrator Provisions of the ICC Rules will be the exclusive
means of seeking any urgent interim or conservatory measures in connection with a Dispute and that the International Chamber of Commerce will be the exclusive forum for seeking any urgent interim or conservatory measures in connection with a
Dispute, except that a Party may seek to confirm or enforce an order issued pursuant to the Emergency Arbitrator Provisions of the ICC Rules in any court of competent jurisdiction. Judgment upon the award rendered by the arbitrators may be entered
in any court having jurisdiction thereof. 
 Section 6.03 Continuity of Service and Performance. Unless otherwise agreed in
writing, the Parties will continue to honor all commitments with respect to all matters under this Agreement during the course of dispute resolution pursuant to the provisions of this Article VI. 

  
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 ARTICLE VII 

Warranty Disclaimer 
 ALL PATENTS LICENSED
HEREUNDER ARE LICENSED “AS IS” WITHOUT ANY WARRANTY OF ANY KIND. NEITHER PARTY PROVIDES TO THE OTHER PARTY ANY REPRESENTATION OR WARRANTY IN CONNECTION WITH SUCH PARTY’S LICENSED PATENTS OR THIS AGREEMENT, EXPRESS OR IMPLIED,
INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, DATA ACCURACY, QUIET ENJOYMENT OR NON-INFRINGEMENT, OR ANY WARRANTIES ARISING OUT OF COURSE OF DEALING OR COURSE OF PERFORMANCE. 

ARTICLE VIII 

Limitation of Liability 

Section 8.01 DAMAGES WAIVER. IN NO EVENT SHALL EITHER PARTY OR ITS SUBSIDIARIES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR ASSIGNS
BE LIABLE FOR ANY CONSEQUENTIAL, PUNITIVE, SPECIAL, OR EXEMPLARY DAMAGES ARISING OUT OF OR RELATED TO THIS AGREEMENT, WHETHER BY STATUTE, IN TORT, OR IN CONTRACT, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 

Section 8.02 EXCEPTIONS. THE PROVISIONS OF SECTION 8.01 SHALL NOT APPLY IN CONNECTION WITH DAMAGES ARISING OUT OF A
PARTY’S WILLFUL MISCONDUCT OR FRAUD. 
 ARTICLE IX 

Miscellaneous 

Section 9.01 Relationship between the Parties. The relationship between the Parties established under this Agreement is that of
licensor and/or licensee, as applicable, and neither Party is by virtue of this Agreement an employee, agent, partner, or joint venturer of or with the other. 

Section 9.02 Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of Texas,
without giving effect to any choice or conflict of law provision or rule (whether of the State of Texas or any other jurisdiction) that would cause the application of the applicable laws of any jurisdiction other than the State of Texas. 

Section 9.03 Notice. Whenever, by the terms of this Agreement, notice, demand or other communication shall or may be given to
either Party, the same shall be in writing and shall be addressed to the other Party at the addresses set forth below, or to such other address or addresses as shall from time to time be designated by written notice by any Party to another in
accordance with this Section 9.03. All notices shall be delivered as follows (with notice deemed given as indicated): (a) by personal delivery when delivered personally; (b) by Federal Express or other established overnight
courier upon written verification of receipt; (c) by facsimile transmission when receipt is confirmed; (d) by certified or registered mail, return receipt requested, upon verification of receipt; or (e) by electronic delivery (for
routine communications) when receipt is confirmed. 

  
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 If to Dell: 

Dell Inc. 
 One Dell Way 

Round Rock, Texas 78682 
 Attn:
General Counsel 
 Email: Dell_Corporate_Legal_Notices@Dell.com 

If to Spyglass: 
 SecureWorks
Holding Corporation 
 One Concourse Parkway, Suite 500 

Atlanta, Georgia 30328 
 Attn:
Legal 
 Section 9.04 Binding Effect; Assignment. This Agreement shall inure to the benefit of and be binding upon the Parties
and their respective successors and assigns. Neither Party may assign this Agreement or any rights or obligations hereunder, except for any assignment by Spyglass to a Spyglass Subsidiary or Dell to a Dell Subsidiary (which shall not relieve such
Party of liability in the event of a default by such Subsidiary), without the prior written consent of the other Party, and any such assignment without such consent shall be void. In no event may Spyglass assign or transfer, without the prior
written consent of Dell, all or any of the Spyglass Licensed Patents unless (a) Spyglass provides written notice to Dell at least 30 days prior to the assignment or transfer; (b) such assignment or transfer is made subject to all of
Dell’s rights under this Agreement; and (c) the assignee or transferee agrees in a writing delivered to Dell to be bound fully by the terms and conditions of this Agreement. 

Section 9.05 No Third-Party Beneficiaries or Right to Rely. Except as set forth in this Agreement, (a) nothing in this
Agreement is intended to or shall create for or grant to any Third Party any rights or remedies whatsoever, as a third-party beneficiary or otherwise; (b) no Third Party is entitled to rely on any of the representations, warranties, covenants
or agreements contained herein; and (c) no Party shall incur any liability or obligation to any Third Party because of any reliance by such Third Party on any representation, warranty, covenant or agreement herein. 

Section 9.06 Severability. If any term or other provision of this Agreement is determined by a court, administrative agency or
arbitrator to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect. Upon such determination that any term or
other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that
the transactions contemplated hereby are fulfilled to the fullest extent possible. 
 Section 9.07 Failure or Indulgence Not Waiver;
Remedies Cumulative. Any provision of this Agreement or any breach thereof may only be waived if done specifically and in writing by the Party 

  
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 which is entitled to the benefits thereof. No failure or delay on the part of any Party in the exercise of any
right hereunder shall impair such right or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty or agreement herein, nor shall any single or partial exercise of any such right preclude other or further
exercise thereof or of any other right. All rights and remedies existing under this Agreement are cumulative to, and not exclusive of, any rights or remedies otherwise available. 

Section 9.08 Entire Agreement; Amendment. This Agreement constitutes the sole and entire understanding of the Parties with respect
to the matters contemplated hereby and supersedes and renders null and void all prior negotiations, representations, agreements and understandings (oral and written) between the Parties with respect to such matters. No change or amendment may be
made to this Agreement except by an instrument in writing signed on behalf of each of the Parties. 
 Section 9.09 Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed to be an original but all of which shall constitute one and the same agreement. 

Section 9.10 Certain Rules of Construction. 

(a) The terms “hereof,” “herein” and “herewith,” and words of similar import shall, unless otherwise stated, be
construed to refer to this Agreement as a whole (including all of the Schedules and Exhibits) and not to any particular provision of this Agreement; and Recital, Article, Section, Schedule and Exhibit references are to the Recitals, Articles,
Sections, Schedules and Exhibits of or to this Agreement, unless otherwise specified. 
 (b) The word “including” and words of
similar import when used in this Agreement shall mean “including without limitation” unless the context otherwise requires or unless otherwise specified. 

(c) The word “or” shall not be exclusive. 

(d) Words expressed in the singular number shall include the plural and vice versa; words expressed in the masculine shall include the
feminine and neuter gender and vice versa. 
 (e) References to “day” or “days” are to calendar days. References to
“the date hereof” shall mean as of the date of this Agreement. 
 (f) The headings contained in this Agreement are for reference
purposes only and are not part of this Agreement. 
 (g) No rule of construction against the draftsperson shall be applied in connection
with the interpretation or enforcement of this Agreement. 
 (h) A reference to a statute, listing rule, regulation, order or other
applicable law includes a reference to the corresponding regulations and instruments and includes a reference to each of them as amended, consolidated, recreated, replaced or rewritten. 

  
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 (i) If a word or phrase is defined, its other grammatical forms have a corresponding meaning.

 (j) A reference to a Party to this Agreement or another agreement or document includes the Party’s successors, permitted substitutes
and permitted assigns. 
 IN WITNESS WHEREOF, the undersigned has executed this Patent License Agreement, as of the date first written
above. 
  

	
	Dell Inc.
	
	 /s/ Janet B. Wright

	Janet B. Wright
	Vice President & Asst. Secretary
	
	SecureWorks Holding Corporation
	
	 /s/ Michael R. Cote

	Michael R. Cote
	President & Chief Executive Officer

  
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 Exhibit A 

Spyglass Patents 
 See
attached. 

  
 A-1 

			
	 Dell Reference
	  	 Country Code

	04180 CA	  	CA
	04180A US	  	US
	04180B US	  	US
	04181 US	  	US
	04181.01	  	US
	04181A US	  	US
	04183A US	  	US
	04186 CN	  	CN
	04186 DE	  	DE
	04186 GB	  	GB
	04186 IN	  	IN
	04186 SG	  	SG
	04186.01	  	US
	04186A US	  	US
	04188 US	  	US
	04188.01	  	US
	101496.01	  	US
	101497.01	  	US
	101741.01	  	US
	102287.01	  	US
	103060.01	  	US
	103094.01	  	US
	19204 US	  	US
	19402 US	  	US
	19402.01	  	US
	19718.01	  	US
	19718.02	  	US
	105354.01	  	US
	105419.01	  	US
	105420.01	  	US
	105421.01	  	US
	105422.01	  	US
	105622.01	  	US
	105623.01	  	US
	105624.01	  	US
	105625.01	  	US

  
 A-2EX-10.4

 Exhibit 10.4 

LICENSE AGREEMENT 
 This Agreement,
dated as of September 9, 2015 and effective as of the Effective Date (defined below), is made between Dell Inc., a corporation organized under the laws of Delaware, with its principal place of business at One Dell Way, Round Rock, Texas 78682,
U.S.A. (“Dell”) and SecureWorks Holding Corporation (“Licensee”). 
 WHEREAS Dell is the owner of all right, title and interest in and
to the trademark DELL identified in Schedule A hereto (the “Licensed Mark”); 
 WHEREAS the parties intend that Licensee will issue and sell in a
registered public offering up to twenty percent (20%) of the post-offering outstanding common stock of Licensee, and thereby become a public company (“IPO”); 

WHEREAS effective as of and following the IPO (the “Effective Date”), Licensee wishes to use the Licensed Mark in connection with the business
defined in Schedule B hereto (the “Business”) and products, services and advertising and marketing materials (in all media) related to the Business in the territory specified in Schedule C hereto (the “Territory”); 

WHEREAS Dell wishes to grant to Licensee a license to use the Licensed Mark in connection with the Business in the Territory, subject to the terms and
conditions herein; 
 NOW THEREFORE Dell and Licensee agree as follows: 

Grant of License 
  

	 	1.	Dell hereby grants Licensee, as of the Effective Date, a non-exclusive license to use the Licensed Mark in connection with the Business in the Territory, solely in the form “SECUREWORKS - A DELL COMPANY”
depicted in a manner where “SECUREWORKS” is larger and more prominent than “A DELL COMPANY.” 

  

	 	2.	Licensee may not subcontract any of its obligations under the Agreement without Dell’s prior consent. The provision of such consent shall in no way relieve Licensee of any of its obligations and/or liabilities
under this Agreement. Notwithstanding the foregoing, Licensee may sublicense its rights under the Agreement to any entity in which Licensee has a 51% or greater ownership interest. Such sublicensees shall be deemed subject to all terms and
conditions of this Agreement as though they were Licensee. 

	 	3.	Licensee may not assign or transfer this Agreement, in whole or in part, whether voluntarily, by contract or by merger (whether that party is the surviving or disappearing entity), stock or asset sale, consolidation,
dissolution, through government action or order, or otherwise without the prior written consent of Dell. Any attempt to assign or transfer the Agreement other than in accordance with this section will be null and void. 

 

	 	4.	Dell may assign this Agreement without Licensee consent including, without limitation, to any other Dell entity. 

  

	 	5.	Licensee shall not directly or indirectly sell or export any products that it makes, distributes or sells in connection with the Business outside of the Territory or to any party it knows or that it reasonably suspects
may sell or export said products outside of the Territory without Dell’s prior written consent. Violation of this provision shall be deemed a material breach of this Agreement. 

Intellectual Property 
  

	 	6.	Licensee acknowledges Dell’s ownership of and rights in the Licensed Mark and will not take any action inconsistent with Dell’s ownership of the Licensed Mark including, but not limited to, registering or
applying to register any trademark or other source identifier consisting in whole or in part of any of the Licensed Mark or likely to be confused with any of the Licensed Mark anywhere in the world, incorporating any the Licensed Mark into any
company name, assumed name, alias, domain name (at any level), or social media handle or alias, or opposing or otherwise challenging any application filed by or registration obtained by Dell for the Licensed Mark anywhere in the world.

  

	 	7.	Licensee shall register its right to use the Licensed Mark as may be required under the laws of the Territory and other applicable countries. Dell will execute such documents as may be necessary to affect such
registration. 

  

	 	8.	Licensee shall not alter the appearance of any Licensed Mark from that shown in Schedule B without Dell’s prior written approval. 

 

	 	9.	All use of the Licensed Mark under this Agreement and all goodwill and benefit arising from such use will inure to Dell’s sole and exclusive benefit. 

	 	10.	Licensee further agrees that it will: 

  

	 	a.	comply with any trademark manuals, brand guidelines or any other requests or instructions by Dell as to the use of the Licensed Mark; 

 

	 	b.	give assistance as necessary to enable Dell to register its trademarks or otherwise secure its intellectual property rights in the Territory; and 

 

	 	c.	immediately cease use of the Licensed Mark on receipt of Dell’s written request to do so. 

  

	 	11.	Licensee shall immediately inform Dell of any actual or suspected infringements of the Licensed Mark, and shall provide, at Licensee’s expense, complete information, cooperation, and assistance to Dell concerning
each such infringement, provided that Dell shall reimburse Licensee for reasonable out-of-pocket expenses incurred from activities conducted at Dell’s request. Dell shall have the sole power to initiate and defend actions relating to the
Licensed Mark, and Licensee shall cooperate with Dell in any such actions. Licensee shall not have the right to bring any claims concerning alleged infringements of the Licensed Mark without Dell’s prior written consent. 

Quality Control 
  

	 	12.	Licensee agrees that its operation of the Business will be conducted according to the highest standard, and that any products, services, and advertising and marketing materials on which the Licensed Mark are used in
connection of the Business will be of high quality and will not adversely reflect upon or damage the goodwill or reputation of the Licensed Mark or Dell, and that the maintenance of the high standards of the Business is a material condition of this
Agreement. Prior to commencing use of the Licensed Mark on any product, service, or advertising or marketing material related to the Business, Licensee shall provide Dell with samples of such proposed use including but not limited to product samples
and packaging therefor. Licensee shall comply with Dell’s instructions concerning any changes to any product, service, or advertising or marketing material on which the Licensed Mark are to be used, including any written procedures, deadlines,
or other instructions issued by Dell to Licensee regarding the approvals process. 

  

	 	13.	No approval granted under Paragraph 12 above shall be deemed effective unless communicated in writing (including electronic mail). 

	 	14.	Once granted, Dell’s approval of use of the Licensed Mark on any product, service, or advertising or marketing material related to the Business shall remain in effect until Dell affirmatively revokes such approval
in writing, upon a material change in approved product, service, or advertising or marketing material or under such terms as Dell states in its written approval. 

  

	 	15.	Any material change in previously-approved products, services, or advertising or marketing materials shall require resubmission for approval as provided herein. A change shall be deemed material if it in any manner:

  

	 	a.	alters the manner in which a Licensed Mark is displayed 

  

	 	b.	affects the performance or safety of a previously-approved product or service; or 

  

	 	c.	is likely (in Dell’s sole determination) to materially affect potential purchasers’ likely perception of Dell. 

  

	 	16.	Any third parties that Licensee desires to use in connection with the manufacture, design, development, or delivery of any product, service, or advertising or marketing material using the Licensed Mark shall be subject
to Dell’s prior written approval. Licensee agrees that it shall remain primarily liable and completely obligated under this Agreement with respect to any agreements with third parties as provided herein. Licensee shall require any such third
parties to agree in writing to comply with the provisions of this Agreement relating to quality control, confidentiality, and trademark protection, and with all laws and regulations, including but not limited to workers’ rights (including child
labor), export regulations, and environmental safety. No third party shall have the right to sell or ship- or deliver any product bearing a Licensed Mark to any person or entity other than Licensee or to Licensee’s customers at Licensee’s
direction. Licensee will use commercially reasonable efforts to ensure that any third parties with which it contracts observe this provision, and shall monitor said third parties’ performance to ensure compliance. Licensee shall be fully
responsible and liable to Dell for the actions of any third party with which it contracts pursuant to this Paragraph, and any violation by any said third party of the terms of this Agreement will be deemed a material breach by Licensee hereunder. In
the event of a breach or default by a third party with which it has contracted, Licensee will promptly take all steps to cease doing business with said third party and all reasonable commercial steps to ameliorate and mitigate the effect of any
breach. 

	 	17.	Dell may revoke a previously-granted approval for any reason at any time. If Dell revokes a previously-granted approval in the absence of a material change (as defined in Paragraph 15), Licensee may continue to use the
Licensed Mark(s) on the previously-approved products, services, or advertising or marketing materials for a period of thirty (30) days following the date such revocation is communicated to it.

  

	 	18.	Should Dell revoke a previously-granted approval because of the need to correct a material defect or error in the affected product, service, or advertising or marketing material, Licensee must cease sale, delivery and
distribution of the same immediately upon receiving written notice from Dell. 

  

	 	19.	Should Licensee become aware of a material defect or error affecting previously-approved products, services, or advertising or marketing materials, it shall immediately cease
further use, sale, delivery and distribution of the same and immediately inform Dell in writing of the nature of the material defect or error. 

  

	 	20.	Licensee shall comply with Dell’s instructions concerning the remediation of any material defects or errors. 

  

	 	21.	Licensee will notify Dell in writing immediately after it obtains knowledge of any of the following: 

  

	 	a.	any potential or actual litigation or governmental activity in the Territory relating to the Business; and 

  

	 	b.	any product quality or safety, or packaging quality complaint, inquiry, inspection or audit from any party relating to the Business, including, without limitation, wholesalers, retailers, consumer or governmental
entities. 

  

	 	22.	Licensee agrees to coordinate any response to such litigation, governmental activity, complaints, inquiries or audits with Dell to the extent such litigation, governmental activity, complaints, inquiries or audits
relate to Licensee’s use of the Licensed Mark. Should such litigation, governmental activity, complaints, inquiries or audits relate to Licensee’s use of the Licensed Mark, Licensee shall follow Dell’s instructions in dealing with the
same. 

	 	23.	Products, services, and advertising and marketing materials bearing the Licensed Mark that were in use in the Territory as of the Effective Date are deemed approved by Dell, but are otherwise subject to the requirements
of Paragraphs 12-22 above. 

 Royalty 
  

	 	24.	Licensee shall be required to pay royalties according to the terms of Schedule D hereto. 

  

	 	25.	Licensee shall retain accurate and legible invoices and records with respect to Licensee’s performance under this Agreement for a minimum of five years, or the period prescribed by applicable law or regulation if
longer. 

  

	 	26.	Licensee shall, upon reasonable notice, provide Dell or Dell’s designee copies of such invoices and records, and reasonable access to Licensee’s facilities, so that Dell or Dell’s designee may inspect and
audit Licensee’s compliance with the terms and conditions of the Agreement, including but not limited to the correctness and accuracy of the charges and credits made or granted by Licensee, and payments made by Licensee. Dell shall bear the
costs of such audits unless the audit findings show underpayment to Dell exceeding 5%, in which case Licensee must bear all costs associated with the audit. 

  

	 	27.	Nothing in the course of dealings of the parties, including but not limited to payment and/or questioning of invoices, shall preclude Dell from subsequently disputing such payment. 

Warranties and Indemnifications 
  

	 	28.	Each party represents and warrants to the other party that (a) it has the corporate power and authority to execute and deliver this Agreement and perform its obligations hereunder, (b) this Agreement and the
transactions contemplated hereby have been duly authorized by all necessary corporate action on its part, (c) this Agreement has been duly executed and delivered by an authorized corporate officer of such party and (d) this Agreement
constitutes a legally valid and binding obligation, enforceable against it in accordance with the terms hereof, except to the extent enforcement hereof may be limited by applicable bankruptcy, insolvency and other laws of similar import.

	 	29.	Licensee warrants that its operation of the Business and all products, services, and advertising and marketing materials related thereto will comply with all governmental requirements in the Territory. Licensee further
warrants that it has not and will not infringe the rights of any third parties. 

  

	 	30.	DELL EXPRESSLY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, WHETHER WRITTEN, ORAL, EXPRESS, IMPLIED STATUTORY OR OTHERWISE, CONCERNING THE VALIDITY, ENFORCEABILITY AND SCOPE OF THE LICENSED MARK, THE ACCURACY,
COMPLETENESS, SAFETY, USEFULNESS FOR ANY PURPOSE OR, LIKELIHOOD OF SUCCESS (COMMERCIAL, REGULATORY OR OTHER) OF ANY PRODUCT, SERVICE, OR ADVERTISING OR MARKETING MATERIALS APPROVED PURSUANT TO THIS AGREEMENT AND ANY OTHER TECHNICAL INFORMATION,
TECHNIQUES, MATERIALS, METHODS, PRODUCTS, PROCESSES OR PRACTICES AT ANY TIME MADE AVAILABLE BY DELL INCLUDING ALL IMPLIED WARRANTIES OF MERCHANTABILITY, QUALITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT AND WARRANTIES ARISING FROM A COURSE
OF DEALING, COURSE OF PERFORMANCE, USAGE OR TRADE PRACTICE. WITHOUT LIMITATION TO THE FOREGOING, DELL SHALL HAVE NO LIABILITY WHATSOEVER TO LICENSEE OR ANY OTHER PERSON FOR OR ON ACCOUNT OF ANY INJURY, LOSS, OR DAMAGE, OF ANY KIND OR NATURE,
SUSTAINED BY, OR ANY DAMAGE ASSESSED OR ASSERTED AGAINST, OR ANY OTHER LIABILITY INCURRED BY OR IMPOSED ON LICENSEE OR ANY OTHER PERSON, ARISING OUT ANY ACTIVITIES OF LICENSEE PURSUANT TO THIS AGREEMENT. 

 

	 	31.	Licensee will indemnify and hold harmless Dell and Dell’s directors, officers, employees, representatives, and agents (collectively “Indemnitees”) from and against any and all claims, actions, demands,
and legal proceedings (collectively “Claims”) and all liabilities, damages, losses, judgments, authorized settlements, costs and expenses including, without limitation, legal support costs and expenses (collectively “Damages”)
related to, or arising out of or in connection with any alleged or actual acts or omissions of Licensee committed in connection with the Business, or Licensee’s failure to perform or comply with any terms or conditions of the Agreement. To the
extent that any Claim relates to Licensee’s use of the Licensed Mark pursuant to this Agreement, Dell shall have the option to assume the defense of any Claim, but Licensee shall not be relieved of its obligations under this Paragraph by
Dell’s assumption of the defense of any Claim. 

	 	32.	DELL SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY TYPE INCLUDING, WITHOUT LIMITATION, LOST PROFITS AND LOST SALES, ARISING OUT OF OR IN CONNECTION WITH THE
AGREEMENT, EVEN IF ADVISED OR AWARE OF THE POSSIBILITY OF SUCH DAMAGES AND EVEN IF LICENSEE ASSERTS OR ESTABLISHES A FAILURE OF THE ESSENTIAL PURPOSE OF ANY LIMITED REMEDY PROVIDED IN THE AGREEMENT. 

Insurance 
  

	 	33.	Unless Licensee is covered under Dell’s insurance policies, Licensee shall obtain and at all times during the term of the Agreement maintain at its own expense, with insurance companies rated “A-” or
better by AM Best or similar local rating agency if not subject to AM Best, the minimum insurance coverage set forth below and any additional insurance coverage set forth in an Exhibit, Addendum or other written agreement between the parties. Limits
shown are in United States (“U.S.”) Dollars unless otherwise specified. If Licensee obtains the required insurance coverage outside of the country(ies) or region(s) where the stated currency is applicable, insurance obtained in equivalent
local currency shall meet the stated requirement. 

  

	 	34.	The minimum insurance coverage shall include professional liability/errors & omissions (E&O) insurance with limits of not less than $10,000,000 each occurrence and $10,000,000 general aggregate, covering
liabilities for financial loss resulting or arising from acts, errors, or omissions in the Licensee’s performance of professional services under this Agreement. If Licensee will have access to personally identifiable information, such insurance
shall also cover liabilities for the failure to prevent unauthorized access to data containing such information including violations of privacy laws and regulations. Should the policy be written on a claims-made basis, the policy will have a
retroactive date prior to the date of this Agreement; and be maintained by Licensee throughout the performance of services until termination of this Agreement and for at least three (3) years thereafter either through policies in force or through an
extended reporting period. 

	 	35.	At any time requested by Dell, Licensee shall furnish to Dell insurance certificates on standard Acord form, endorsements, or evidence of coverage signed by authorized representatives of the companies providing the
coverage required under the terms of this Agreement. 

  

	 	36.	Failure to secure the insurance coverage required by this Agreement or failure to comply fully with any of the insurance provisions of the Agreement as may be necessary to carry out the terms and provisions of the
Agreement shall be deemed to be a material breach of the Agreement. A lack of insurance coverage does not reduce or limit Licensee’s responsibility to indemnify Dell as set forth in the Agreement. Any and all deductibles and premiums associated
with the insurance coverage required by the Agreement shall be assumed by, for the account of, and at the sole risk of, Licensee. 

  

	 	37.	Dell reserves the right to review the insurance coverage requirements of the Agreement and to: (i) make reasonable adjustments to such requirements; and/or (ii) require other types of coverage, in either case,
as reasonably appropriate given the nature, volume and/or value of the deliverables provided from time to time pursuant to the Agreement. 

Dispute Resolution 
  

	 	38.	EXCEPT AS EXPRESSLY SET FORTH BELOW, LICENSEE AND DELL IRREVOCABLY SUBMIT AND CONSENT TO THE EXCLUSIVE JURISDICTION AND VENUE OF THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF TEXAS (AUSTIN DIVISION); OR
IF THERE IS NO BASIS FOR FEDERAL JURISDICTION, THEN ANY CLAIMS MUST BE BROUGHT IN THE TEXAS STATE DISTRICT COURT IN WILLIAMSON COUNTY, TEXAS. THE PARTIES AGREE THAT SUCH COURTS SHALL BE THE EXCLUSIVE PROPER FORA FOR THE DETERMINATION OF ANY CLAIM OR
DISPUTE ARISING OUT OF, OR IN CONNECTION WITH, THE AGREEMENT, AND WAIVE ANY OBJECTION TO VENUE OR CONVENIENCE OF FORUM. 

  

	 	39.	In all cases, in the event of a dispute between Dell and Licensee arising in connection with the Agreement, prior to commencing any litigation or other legal proceeding, Dell and Licensee shall each designate and make
available an executive officer and, for at least thirty (30) days following notice from one party to the other of the existence of such a dispute, make a good faith effort to resolve such dispute by discussion and mutually agreed action.

 Term and Termination 
  

	 	40.	This Agreement may be terminated by either party: 

  

	 	a.	Without cause upon 60 days’ notice; 

  

	 	b.	Immediately upon notice in the event of material breach; or 

  

	 	c.	Immediately upon notice if Dell’s ownership interest in Licensee falls below 51%. 

  

	 	41.	Upon termination of this Agreement, Licensee shall cease all use of the Licensed Mark, and shall deliver any unsold products and unused advertising or marketing material bearing the Licensed Mark to Dell or Dell’s
designee. 

  

	 	42.	Payment of royalties in the event of termination shall be handled as provided in Schedule D. 

  

	 	43.	Licensee’s obligations under Paragraphs 6 shall survive termination of the Agreement. 

  

	 	44.	Licensee’s obligations under Paragraphs 24, 25, and 26 shall survive termination of this Agreement as they apply to royalties owed on sales occurring prior to termination of the Agreement. 

 

	 	45.	Licensee’s obligations under Paragraph 29 shall survive for Claims or Damages asserted or arising from events occurring prior to termination. 

 

	 	46.	Dell and Licensee acknowledge that, as of the date hereof, there are trademark applications and registrations owned by Dell for trademarks that combine the Licensed Mark with one or more trademarks legally owned by
Licensee (the “Composite Marks”). Upon termination of this Agreement, Dell shall take the necessary steps to voluntarily abandon or surrender any registrations or applications for the Composite Marks. Nothing in this Agreement shall
obligate Dell to assign, transfer, or license any rights in or to the Composite Marks or any registration or application for the Composite Marks to Licensee. 

 Notices and Approvals 
  

	 	47.	Notices and approvals required or permitted under this Agreement shall be given to the following: 

  

			
	 To Dell:
  
	  	 To Licensee:
  

	By courier to:	  	SecureWorks, Inc.
		  	 One Concourse Parkway, Suite 500
 Atlanta, GA
30328
 Attention: Legal Department

 Dell Inc. 
 One Dell Way 

Round Rock, Texas 78682 
 Attn: General Counsel 

Email: 
 Dell_Corporate_Legal_Notices@Dell.com 

With copy to (also by courier): 
 Trademark Counsel 

Dell Inc. 
 One Dell Way, RRI-33 

Round Rock, Texas 78682 
 USA 

Email: trademarks@dell.com 

	 	48.	Notices sent by courier will be deemed received on the date that the sender receives a confirmation of delivery is received from the courier. Notices sent by electronic mail will be deemed received within five
(5) business days of transmission or when the email is replied to or receipt is otherwise acknowledged by the recipient, whichever is earlier. A response or acknowledgment generated by an automatic reply system shall not be deemed an
“acknowledgment” for purposes of this paragraph. 

 Confidentiality 

 

	 	49.	Licensee shall maintain the confidentiality of this Agreement and any materials and information from Dell that Licensee learns or has access to under this Agreement (“Confidential Information”) and agrees to
return such material and information to Dell upon termination of this Agreement, or destroy same. Licensee agrees not to disclose, give or transfer any Confidential information to any third party without Dell’s prior written consent. This is a
material provision of this Agreement and shall survive termination of this Agreement. 

 Interpretation 

 

	 	50.	THE AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, EXCLUSIVE OF ANY PROVISIONS OF THE UNITED NATIONS CONVENTION ON THE INTERNATIONAL SALE OF GOODS AND WITHOUT REGARD TO
PRINCIPLES OF CONFLICTS OF LAW. 

  

	 	51.	Dell and Licensee are independent contractors and neither party is an employee, agent, servant, representative, partner, or joint venturer of the other or has any authority to assume or create any obligation or
liability of any kind on behalf of the other. 

  

	 	52.	This Agreement shall be binding upon and inure to the benefit of the Parties, their subsidiaries, and assigns. 

  

	 	53.	No waiver of any term or condition is valid unless in writing and signed by authorized representatives of both Dell and Licensee and limited to the specific situation for which it is given. 

	 	54.	No amendment or modification to the Agreement will be valid unless it (i) explicitly refers to and attaches this Agreement as an exhibit; (i) is set forth in writing; and (iii) signed by authorized
representatives of both parties. In Dell’s case, to be authorized, the representative must be an Executive Director or more senior in management. 

  

	 	55.	Whenever possible, each provision of the Agreement will be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of the Agreement is found to violate an applicable law, it
will be severed from the rest of the Agreement and ignored and a new provision will be deemed to be added to the Agreement to accomplish, to the extent possible, the intent of the parties as evidenced by the provision so severed. 

 

	 	56.	The headings used in the Agreement are intended for convenience only and have no legal effect. 

  

	 	57.	This Agreement constitutes the entire agreement between Dell and Licensee and supersedes all prior understandings and agreements, whether written or oral, with respect to the subject matter of this Agreement.

  

	 	58.	The parties and their counsel have had an opportunity to participate in the negotiation and drafting of this Agreement. No provision of this Agreement shall be interpreted favorably to either party based on the identity
of the party that drafted it. 

  

	 	59.	This Agreement may be signed in multiple counterparts, each of which shall be deemed an original. 

 ACCEPTED
AND AGREED, 
  

			
	DELL INC.	  	LICENSEE

  

					
	 /s/ Janet B. Wright
	  	 /s/ Michael R. Cote
	  	
	Name: Janet B. Wright	  	Name: Michael R. Cote	  	
	Title: Vice President & Assistant Secretary	  	Title: CEO & President	  	
	Date: September 9, 2015	  	Date: September 14, 2015	  	

 Schedule A 

Licensed Mark 
 The following is the
Licensed Mark under the License Agreement dated September 9, 2015, between Dell Inc. and Secure Works Holding Corporation: 
 DELL 

INITIALS 
 Dell : JBW 

Licensee: MC 
 Date: 9/14/15 

 Schedule B 

Business 
 The business of
(a) providing (i) information and network managed security services, (ii) information and network security and risk consulting, (iii) security incident response services, and (iv) security-related regulatory compliance
solutions; and (b) researching and developing responses to cyber security threats, in each case as conducted as of the Effective Date by Licensee or any subsidiary of Licensee. 

INITIALS 
 Dell : JBW 

Licensee: MC 
 Date: 9/14/15 

 Schedule C 

Territory 
 The following is the Territory
under the License Agreement dated September 9, 2015, between Dell Inc. and Licensee: 
 World wide 

INITIALS 
 Dell : JBW 

Licensee: MC 
 Date: 9/14/15 

 Schedule D 

Royalties 
 This License shall be
royalty-free. 
 INITIALS 
 Dell : JBW 

Licensee: MC 
 Date: 9/14/15

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