REGISTRATION RIGHTS AGREEMENT
THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into this 30th day of November 2022 among Seagate HDD Cayman, an exempted limited liability company incorporated under the laws of the Cayman Islands (the “Company”), Seagate Technology Holdings plc, a public limited company incorporated under the laws of Ireland (the “Parent”), Seagate Technology Unlimited Company, a private unlimited company incorporated under the laws of Ireland (“STX Unlimited” and, together with the Parent, the “Guarantors”) and Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., BofA Securities, Inc., Scotia Capital (USA) Inc., Wells Fargo Securities, LLC and BNP Paribas Securities Corp., as the lead dealer managers (each a “Lead Dealer Manager” and collectively, the “Lead Dealer Managers”) named in the Dealer Manager Agreement, dated as of November 14, 2022 (the “Dealer Manager Agreement”), among the Company, the Guarantors, the Lead Dealer Managers, and DBS Bank Ltd., ICBC Standard Bank Plc, KKR Capital Markets LLC, Oversea-Chinese Banking Corporation Limited, U.S. Bancorp Investments, Inc., Barclays Capital Inc., Capital One Securities, Inc., Citigroup Global Markets Inc., SMBC Nikko Securities America, Inc. and KeyBanc Capital Markets Inc. as co-dealer managers (the “Co-Dealer Managers” and, together with the Lead Dealer Managers, the “Dealer Managers”) , relating to the Exchange Offers (as defined below).
The Company has made separate offers to exchange its 9.625% Senior Notes due 2032 (the “Notes”) for its outstanding (i) 3.375% Senior Notes due 2031 (the “July 2031 Notes”), (ii) 3.125% Senior Notes due 2029 (the “July 2029 Notes”), (iii) 4.125% Senior Notes due 2031 (the “January 2031 Notes”) and (iv) 4.091% Senior Notes due 2029 (the “June 2029 Notes” and, together with the July 2031 Notes, July 2029 Notes and January 2031 Notes, the “Old Notes”). The Notes will be unconditionally guaranteed as to the payment of principal and interest by the Guarantors (such guarantees, the “Guarantees,” and the Notes together with the Guarantees, the “Securities”). In connection with the Dealer Manager Agreement, the Company and the Guarantors have agreed to provide to the Holders of the Notes and their direct and indirect transferees the registration rights set forth in this Agreement.
In consideration of the foregoing, the parties hereto agree as follows:
As used in this Agreement, the following capitalized defined terms shall have the following meanings:
“1933 Act” shall mean the Securities Act of 1933, as amended from time to time.
“1934 Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.