Compensatory Arrangements of Certain Officers

On January 7, 2013, Cisco Systems, Inc. ("Cisco") entered into a localization agreement (the "Localization Agreement") with Wim Elfrink, Cisco's Executive Vice President, Emerging Solutions and Chief Globalisation Officer, in connection with his localization to the United States. This Localization Agreement supersedes and replaces Mr. Elfrink's amended and restated International Assignment Agreement dated September 16, 2011 (the "International Assignment Agreement").

Under the Localization Agreement, Mr. Elfrink's International Assignment Agreement and all other prior employment arrangements with any entity of Cisco cease to be effective as of December 31, 2012. Under the Localization Agreement, Mr. Elfrink will receive cash payments of $700,000 in January 2013 and $300,000 in January 2014, subject to his continued employment with Cisco.

Beginning January 1, 2013, Mr. Elfrink is eligible to participate in the benefits program for U.S. employees except that Mr. Elfrink will not be eligible to participate in the 401(k) plan and nonqualified deferred compensation plan for U.S. employees. Mr. Elfrink's participation in the Netherlands Capital Plan will continue under the terms of that plan, until the earliest of his 65thbirthday or termination of employment, except that the pension basis (pensionable salary less statutory allowance) used to determine his contributions, and Cisco's contributions on his behalf, will be no more than Euro 735,300.

Effective January 1, 2013, Mr. Elfrink's base salary is $775,000.

The foregoing description of the Localization Agreement is qualified in its entirety by reference to the Localization Agreement, a copy of which is filed as Exhibit 10.1 to this report.

(d) Exhibits

Exhibit No.       Description of Document

10.1              Localization Agreement by and between Cisco Systems, Inc. and Wim
                  Elfrink