AMENDMENT NO. 7 TO THE
APPLIED MATERIALS, INC.
EXECUTIVE DEFERRED COMPENSATION PLAN
(April 1, 1995 Restatement)
APPLIED MATERIALS, INC., having adopted the Applied Materials, Inc. Executive Deferred
Compensation Plan (the “Plan”) effective as of January 1, 1993, and having amended and/or restated the Plan on
several occasions, hereby again amends the Plan, as follows:
1. Section 3.3 is amended in its entirety to read as follows:
“3.3 Deemed Investment of Accounts. Although no assets will be segregated or otherwise set aside with
respect to a Participant’s Account, the amount that is ultimately payable to the Participant with respect to his or
her Account shall be determined as if such Account had been invested in such manner as the Committee, in its
sole discretion, may specify from time to time. The Committee, in its sole discretion, shall adopt (and may
modify from time to time) such rules and procedures as it deems necessary or appropriate to implement the
deemed investment of the Participants’ Accounts. The exact amount to be credited (or debited) as deemed
earnings, gains or losses with respect to any Participant’s Account will be determined by the Committee under
such formulae as the Committee, in its sole discretion, adopts from time to time. Notwithstanding any contrary
Plan provision, in no event may the methods or formulae selected by the Committee to calculate and credit (or
debit) deemed earnings, gains or losses on Participants’ Accounts cause the Plan to be considered “materially
modified” under Section 409A of the Code.”
2. The first sentence of Section 4.3 is amended by deleting the phrase “crediting of deemed interest”
therefrom and substituting the phrase “crediting (or debiting) of deemed earnings, gains or losses” therefor.
3. The phrase “deemed interest” is deleted and the phrase “deemed earnings, gains or losses” is substituted
therefor everywhere it appears in the Plan.
4. The phrase “credited with deemed