On January 13, 2021, Seagate Technology public limited company and its subsidiary Seagate HDD Cayman (the “Borrower”) entered into an amendment (the “Amendment”) to the Credit Agreement, dated as of February 20, 2019, by and among the Company, the Borrower, the lenders party thereto, and The Bank of Nova Scotia, as administrative agent (as amended from time to time, the “Credit Agreement”). Pursuant to the Amendment, the revolving loan commitments were increased from $1.5 billion to $1.725 billion and the incremental commitments provisions were amended to allow the Borrower to obtain up to an additional $275 million in revolving loan commitments. The Amendment increased the applicable margin added to the interest rate for revolving loans to a range of 1.250% to 2.500% for Eurodollar loans and a range of 0.250% to 1.500% for base rate loans, in each case depending on the Company’s corporate issuer ratings. In addition, the Amendment made certain changes to the indebtedness and restricted payments covenants to make them more restrictive and added a covenant to restrict the ability of the Borrower and its subsidiaries to incur certain obligations subject to the covenants under the indentures for the Borrower’s Senior Notes (as defined in the Credit Agreement). The other material terms of the Credit Agreement remain unchanged.