Document:

Pentair, Inc. Restoration Plan

 Exhibit 10.17 
 PENTAIR, INC. 
 RESTORATION PLAN 

As Amended and Restated Effective September 28, 2012 

 PENTAIR, INC. 
 RESTORATION PLAN 
 TABLE OF CONTENTS 

 

							
	 	 	 	 	 	  	 Page

				
	 SECTION 1.
	 		 	 Name of Plan
	  	1
	 SECTION 2.
	 		 	 General Definitions
	  	1
	 SECTION 3.
	 		 	 Participation, Vesting And Benefit Service, And Rules Governing The Crediting Of Service, Disability And The Determination Of
Compensation And Final Average Compensation
	  	6
	 (a)
	 	 Participation
	  	6
	 (b)
	 	 Vesting
	  	7
	 (c)
	 	 Benefit Service
	  	7
	 (d)
	 	 Service Credits
	  	8
	 (e)
	 	 Disability
	  	9
	 (f)
	 	 Compensation
	  	10
	 SECTION 4.
	 		 	 Payments In The Event Of Death Before The Benefit Commencement Date
	  	10
	 SECTION 5.
	 		 	 Payment Of Retirement Benefits
	  	11
	 SECTION 6.
	 		 	 Confidentiality, Covenants Not To Compete, And Non-Solicitation
	  	11
	 (a)
	 	 General
	  	11
	 (b)
	 	 Forfeiture and Other Remedies
	  	12
	 SECTION 7.
	 		 	 Funding And Payment Of Benefits
	  	12
	 (a)
	 	 General
	  	12
	 (b)
	 	 Employer Company
	  	12
	 (c)
	 	 Company Assumption of Liability
	  	12
	 (d)
	 	 Participation by Other Group Members
	  	13
	 SECTION 8.
	 		 	 Default
	  	13
	 SECTION 9.
	 		 	 Administration Of The Plan
	  	14
	 (a)
	 	 General
	  	14
	 (b)
	 	 Committee
	  	14
	 (c)
	 	 Discretion
	  	14
	 (d)
	 	 Indemnity
	  	15
	 (e)
	 	 Code Section 409A
	  	15
	 (f)
	 	 Use of Professional Services
	  	15
	 (g)
	 	 Communications
	  	15
	 SECTION 10.
	 		 	 Effect of KEESA
	  	15
	 SECTION 11.
	 		 	 Amendment Or Termination
	  	16
	 (a)
	 	 General
	  	16
	 (b)
	 	 Limitation on Power to Amend or Terminate
	  	16
	 (c)
	 	 Change in Control
	  	17
	 (d)
	 	 Continuation of Plan Provisions
	  	17
	 SECTION 12.
	 		 	 Claims
	  	17
	 (a)
	 	 Filing Claims
	  	17
	 (b)
	 	 Decision on Claim
	  	18

  
 i 

							
	 (c)
	 	 Appeal of Denied Claim
	  	18
	 (d)
	 	 Decision by Appeals Committee
	  	18
	 SECTION 13.
	 		 	 Miscellaneous
	  	18
	 (a)
	 	 Employer’s Rights
	  	19
	 (b)
	 	 Interpretation
	  	19
	 (c)
	 	 Withholding of Taxes
	  	19
	 (d)
	 	 Offset for Amounts Due
	  	19
	 (e)
	 	 Computational Errors
	  	19
	 (f)
	 	 Requirement of Proof
	  	20
	 (g)
	 	 Tax Consequences
	  	20
	 (h)
	 	 Communications
	  	20
	 (i)
	 	 Not Compensation Under Other Benefit Plans
	  	20
	 (j)
	 	 Choice of Law
	  	20
	 (k)
	 	 Savings Clause
	  	20
	 (l)
	 	 Change in Control
	  	20
	 SECTION 14.
	 		 	 Transition Rules
	  	21
	 (a)
	 	 General
	  	21
	 (b)
	 	 2004 Vested Participants Benefits
	  	21
	 (c)
	 	 Excess
	  	21

  
 ii 

 PENTAIR, INC. RESTORATION PLAN 

SECTION 1. Name of Plan. 

This plan shall be known as the Pentair, Inc. Restoration Plan. 
 SECTION 2. General Definitions. 
 Unless the context requires otherwise,
when used herein the terms listed below, when capitalized or applied to such capitalized terms, shall have the following meanings: 
 (1) “Adjustment Factor” is the factor used in adjusting the Pension Amount to reflect the period of time between the date a Participant has a Separation from Service and his or her
Benefit Commencement Date. The Adjustment Factor shall be the same adjustment factor applicable to such Participant under the SERP. 
 (2) “Administrator” is the Company. 
 (3)
“Beneficiary” is a person entitled to receive benefits, if any, payable under the Plan after a former Participant’s death. 
 (4) “Benefit Commencement Date” is the first day of the first calendar month as of which a Participant’s Retirement Benefit is payable and shall be the same date as the
Participant’s benefit commencement date under the SERP. 
 (5) “Benefit Service” is the number of Years
of Service, beginning with the calendar year which includes the individual’s Benefit Service Date, during which an individual completes 1,000 Hours of Service as an Eligible Employee. Notwithstanding anything herein to the contrary, Benefit
Service shall not be credited for any period after December 31, 2017. 
 (6) “Benefit Service Date” is
the date from and after which an individual may earn Benefit Service, and shall be the same date as an individual’s benefit service date under the SERP. 
 (7) “Benefit Service Percentage” is the sum of the percentages for each Year of Benefit Service completed, with the percentage for each such year determined as described below and
dependent upon the individual’s age in whole years as of the first day of the calendar year in which that Year of Benefit Service is completed. 
  

					
	 Attained Age in Whole Years
 at Beginning of Relevant
 Year of Benefit
Service
	  	Percentage	 
		
	 < 25
	  	 	4	% 
	 > 25 and < 35
	  	 	5.5	% 
	 > 35 and < 45
	  	 	7	% 
	 > 45 and < 55
	  	 	9	% 
	 > 55
	  	 	12	% 

 Example: Employee A, date of birth January 25, 1954, has a Benefit Service Date
of May 1, 1999. Employee A remains an Eligible Employee and completes 1,000 Hours of Service in each calendar year from and including 1999 through 2010. Employee A retires on March 1, 2011 and does not complete 1,000 Hours of Service in
that year. Employee A’s Benefit Service Percentage is 109% computed as follows: 
  

					
	 Year of Benefit Service
	  	Percentage	 
		
	 1999
	  	 	7	% 
	 2000 - 2009, inclusive
	  	 	90	% 
	 2010
	  	 	12	% 
		  	  
	  
	 
	 Total
	  	 	109	% 

 Notwithstanding the foregoing, a Participant’s Benefit Service Percentage shall not increase after
December 31, 2017. 
 (8) “Change In Control” is, with respect to periods ending prior to or upon the
Merger, a change in control of the Company as defined in the Pre-Merger KEESA or, with respect to periods ending after the Merger, a change in control of Pentair Ltd. as defined in the Post-Merger KEESA. 

(9) “Code” is the Internal Revenue Code of 1986, as amended. Any reference to specific provision of the Code shall be
deemed to refer to any successor provision thereto and the regulations promulgated thereunder. 
 (10)
“Committee” is the Compensation Committee of the Board of Directors of the Company. If the Committee is not in existence, then all references to the Committee herein shall mean the Board of Directors of the Company. 

(11) “Company” is Pentair, Inc., a Minnesota corporation, or any successor thereto. 

(12) “Compensation” is any item or class of remuneration or part thereof listed or described in the left-hand column of
Schedule 1 and not any such items listed or described in the right-hand column of Schedule 1. In the event a remuneration item is not listed or described in Schedule 1, the Administrator shall determine whether such item is included or excluded from
Compensation by taking into account the nature of the item and its similarity to an item which is so listed. 
 (13)
“Conversion Factor” is the factor used to convert the Pension Amount into the Monthly Installment, and shall be the same as the conversion factor under the SERP. 

  
 2 

 (14) “Covered Compensation” is Final Average Compensation reduced by
Section 401(a)(17) Compensation. Covered Compensation earned after December 31, 2017 shall not be counted under the Plan. 
 (15) “Covered Termination” is a covered termination, as defined in the KEESA, which entitles a Participant to a termination payment pursuant to Sections 8 and 9(a) of the KEESA.

 (16) “Disabled” or “Disability” is a physical or mental condition, resulting from physical
or mental sickness or injury, which prevents the individual from engaging in any substantial gainful activity, and which condition can be expected to last for a continuous period of not less than twelve (12) months. 

(17) “Effective Date” of the Plan is January 1, 1999; the effective date of this amended and restated Plan
document is September 28, 2012. 
 (18) “Eligible Employee” is an individual who is an eligible employee
under the SERP. Notwithstanding the foregoing, only individuals who are Eligible Employees on December 31, 2007 shall be entitled to be treated as an Eligible Employee for any period on or after January 1, 2008. 

(19) “Employer Company” is the Group member which employs a Participant as of the date the Participant has a Separation
from Service or otherwise terminates all Group employment due to death or Disability. 
 (20) “ERISA” is the
Employee Retirement Income Security Act of 1974, as amended. Any reference to a specific provision of ERISA shall be deemed to include any successor provision thereto and the regulations promulgated thereunder. 

(21) “Final Average Compensation” is the average Compensation determined by averaging Compensation in those five
(5) consecutive calendar years out of the last ten (10) consecutive calendar years, ending with the earlier of (i) the calendar year which ends coincident with or immediately preceding the date the Participant has a Separation from
Service, or otherwise ceases to be an Eligible Employee, whichever occurs first, or (ii) the calendar year ending December 31, 2017, for which the average Compensation is the highest. 

Notwithstanding the immediately preceding paragraph, Final Average Compensation shall not be less than the average Compensation for the
sixty (60) months immediately preceding the date the Participant has a Separation from Service or otherwise ceases to be an Eligible Employee, whichever occurs first, determined as the sum of Compensation in the final calendar year of such
employment plus Compensation in each of the four (4) calendar years preceding the final calendar year of such employment plus a percentage of the Compensation for the entire fifth calendar year preceding the final calendar year of such
employment; such percentage shall be determined as twelve minus the number of full calendar months for which Compensation was payable in the final calendar year of such employment divided by the number of months for which Compensation was paid in
the fifth calendar year preceding the final calendar year of such employment. 

  
 3 

 If the Participant’s relevant Compensation history is for less than the stated period
of time (e.g., less than five (5) years; less than ten (10) years), then such actual period shall be substituted in determining Final Average Compensation (e.g., if the individual has six (6) years of Compensation history, the high
five (5) consecutive years within such six (6) years shall be used in determining the average; if the individual has three (3) years of Compensation history, all such Compensation shall be used in determining the average). 

(22) “Group” is the Company and, except as prescribed by the Administrator, each other corporation or unincorporated
business which is a member of a controlled group of corporations or a group of trades or businesses under common control (within the meaning of Code section 414(b) or (c)) which includes the Company, but with respect to other business entities
during only the periods of such common control with the Company. 
 (23) “Hour Of Service” is each hour which
an individual is paid or entitled to payment from a Group member for (i) the performance of duties as its employee and (ii) reasons related to such employment but other than for the performance of duties, such as vacation, illness, jury
duty, military duty or leave of absence other than (x) payments made or due under a plan maintained solely to comply with worker’s compensation, unemployment compensation, or disability insurance laws, or (y) payments made solely for
reimbursement of medical or medically related expenses; provided, however, no more than 501 Hours of Service shall be credited under clause (ii) immediately preceding for any single continuous period during which no duties as such an employee
are performed. An individual shall not receive duplicate Hour of Service credits for the same period of service or absence. 

Regardless of the actual number of Hours of Service completed during a year, in determining whether 1,000 Hours of Service have been
completed during a calendar year an individual shall be credited with forty-five (45) Hours of Service for each calendar week the individual is otherwise credited with an Hour of Service pursuant to the immediately preceding paragraph.

 (24) “KEESA” is the Post-Merger KEESA or the Pre-Merger KEESA, if any, in effect at the time of the
applicable event. A “Post-Merger KEESA” is the Key Executive Employment and Severance Agreement, if any, in effect between Pentair Ltd. and the Participant after the consummation of the Merger. A “Pre-Merger KEESA” is the Key
Executive Employment and Severance Agreement, if any, in effect between the Company and the Participant prior to the consummation of the Merger. 
 (25) “Merger” is the merger contemplated by the Merger Agreement among the Company, Tyco International Ltd., Pentair Ltd., Panthro Acquisition Co. and Panthro Merger Sub, Inc., as
amended, pursuant to which, on September 28, 2012, the Company became an indirect wholly-owned subsidiary of Pentair Ltd. 

(26) “Monthly Installment” is a monthly payment, commencing as of the Participant’s Benefit Commencement Date,
payable for a term certain of one hundred eighty (180) consecutive months, and shall be determined by dividing the Participant’s Pension Amount by the Conversion Factor, with such monthly payment rounded to the nearest whole dollar amount.

  
 4 

 (27) “Participant” is an Eligible Employee who has become a participant
under the SERP. Once an individual becomes a Participant, he or she shall remain a Participant, except as provided in Section 3, until the first to occur of his or her death, Disability, or Separation from Service; provided, however, if the
individual has a non-forfeitable right to a Retirement Benefit as of the date he or she incurs such an event (determined without regard to the forfeiture provision of Section 6(b) unless such section has been actually enforced as to such
individual), then absent death the individual shall remain a Participant until the individual has received his or her entire Retirement Benefit or the Retirement Benefit has been forfeited as provided for in Section 6(b). 

(28) “Participation Date” is an Eligible Employee’s participation date under the SERP. 

(29) “Pension Amount” is an amount equal to the Participant’s Covered Compensation multiplied by his or her
Benefit Service Percentage, with such amount then multiplied by the Adjustment Factor if the Participant survives to his or her Benefit Commencement Date. 
 (30) “Pension Plan” is the Pentair, Inc. Pension Plan, or any successor plan thereto. 
 (31) “Pentair Ltd.” is Pentair Ltd., a Swiss company, or any successor thereto. 
 (32) “Plan” is the retirement plan herein described. When this term is modified by or with reference to a certain date (e.g., Plan as in effect before year XXXX), it shall refer to the
Plan as described in the Plan document in effect for the period referenced. 
 (33) “Retirement Benefit” is
the monthly retirement benefit payable under the Plan as the Monthly Installment. 
 (34) “Section 401(A)(17)
Compensation” is the amount which would constitute Final Average Compensation if the determination of Final Average Compensation was limited by the provisions of Code section 401(a)(17). Except as modified pursuant to the
Administrator’s discretion as provided for under section 3(f)(2), for this purpose Code section 401(a)(17) shall be applied as under the Pension Plan, regardless of whether the Participant concerned is covered by the Pension Plan or any other
tax-qualified defined benefit plan sponsored by a Group member. 
 (35) “Separates from Service” or
“Separation from Service” is the termination of employment as an employee, from all business entities that comprise the Group, for reasons other than death or Disability. A Participant will be deemed to have incurred a Separation
from Service when the level of bona fide services performed by the Participant for the Group permanently decreases to a level equal to twenty percent (20%) or less of the average level of services performed by the Participant for the Group
during the immediately preceding 

  
 5 

 
thirty-six (36) month period (or such lesser period of service). Notwithstanding the foregoing, a Participant on a bona fide leave of absence from the Group shall be considered to have
incurred a Separation from Service no later than the six (6) month anniversary of the absence (or twenty-nine (29) months in the event of an absence due to a medically determinable physical or mental impairment which can be expected to
result in death or can be expected to last for a continuous period of not less than six (6) months, where such impairment causes the Participant to be unable to perform the duties of his or her position or a substantially similar position) or
the end of such longer period during which the individual has the right by law or agreement to return to employment upon the expiration of the leave. Notwithstanding the foregoing, if following the Participant’s termination of employment from
the Group the Participant becomes a non-employee director or becomes or remains a consultant to the Group, then the date of the Participant’s Separation from Service may be delayed until the Participant ceases to provide services in such
capacity to the extent required by Code section 409A. 
 (36) “SERP” is the Pentair, Inc. Supplemental
Executive Retirement Plan as amended and restated effective September 28, 2012, but without regard to Appendix A thereto. 

(37) “Spouse” is an individual, of a sex opposite to that of a Participant, whose marriage to a Participant is
recognized under the laws of the United States (or one of the United States) or any other generally recognized jurisdiction. 

(38) “Year of Service” is a calendar year in which an individual completes 1,000 Hours of Service. 

SECTION 3. Participation, Vesting And Benefit Service, And Rules Governing The Crediting Of Service, Disability And The Determination
Of Compensation And Final Average Compensation. 
 (a) Participation. 

(1) General. The primary purpose of the Plan is to provide supplemental retirement benefits to Eligible Employees to reflect the
loss of pension benefits under tax-qualified defined benefit plans sponsored by a member or members of the Group due to the provision of Code section 401(a)(17). It is intended that the employees covered by the Plan constitute a select group of
management or highly paid employees, within the meaning of ERISA section 201(2), of the Group. Except as provided in Section 3(d)(6), in the event an individual who is not within such a select group becomes covered by the Plan, then
notwithstanding any Plan provision to the contrary such individual’s participation in the Plan shall immediately cease and retroactively he or she shall be treated as never having been covered by the Plan. 

Because the Plan is described in ERISA section 201(2), and other ERISA provisions corresponding thereto, certain provisions of ERISA do
not apply to it and the benefits earned thereunder, including the provisions of Parts 2, 3, and 4 of Title I of ERISA relating to participation and vesting, funding, and fiduciary responsibilities, respectively. In addition, the Plan is not a
tax-qualified plan under the Code, and thus the Plan and benefits paid hereunder are not subject to certain rules which apply to benefits payable under such qualified plans, including the manner in which a Participant’s or Beneficiary’s
Plan benefits are subject to income tax. 

  
 6 

 (2) Repeal of Code Section 401(a)(17). Notwithstanding any other provision of
the Plan to the contrary, if Code section 401(a)(17) is repealed and no similar or corresponding provision is immediately enacted to replace it, then until further action by the Committee, if any, the Covered Compensation and Benefit Percentages of
each Participant shall be frozen as of the end of the calendar year which includes the effective date of such repeal; provided, however, upon a Change in Control this Section 3(a)(2) shall not apply to a Participant so long as such Participant
may incur a Covered Termination with respect to that Change in Control and shall not apply thereafter to a Participant who incurs a Covered Termination with respect to that Change in Control. 

(3) Participation Freeze. Notwithstanding the foregoing, only individuals who are Eligible Employees on December 31, 2007
shall be entitled to participate in the Plan. Accordingly, any individual who is hired on or after January 1, 2008, will not be covered by the Plan. 
 (b) Vesting. 
 (1) General. Except as otherwise expressly provided
herein, all benefits otherwise payable under the Plan to or with respect to a Participant shall be forfeited if the Participant has a Separation from Service before completing five (5) Years of Service. 

(2) Death or Disability. A Participant who dies or becomes Disabled while employed by a Group Member shall be fully vested in his
or her Retirement Benefit. 
 (3) Automatic Acceleration of Vesting. If a Participant has a Covered Termination under
his or her KEESA, then immediately before such termination the Participant shall be considered fully vested in his or her Retirement Benefit. 
 (4) Other Forfeiture. Notwithstanding the foregoing provisions of this Section 3(b) or the number of Years of Service completed or deemed completed, all benefits otherwise payable under the
Plan to or with respect to a Participant or former Participant shall be subject to forfeiture to the extent provided in Section 6(b). 
 (c) Benefit Service. 
 (1) Death. An individual who ceases to be a
Participant and terminates employment from the Group by reason of death shall be considered to have completed a Year of Service in the year of death for purposes of determining the Benefit Service earned by such individual, regardless of the Hours
of Service credited for such year. 
 (2) Benefit Service Upon a Covered Termination. If a Participant has a Covered
Termination under his or her KEESA, then immediately before such termination the Participant shall be credited with additional Years of Service for determining Benefit Service equal to the lesser of (i) three (3) and (ii) the greater
of (x) seven (7) minus the Benefit Service credited to such Participant under the Plan, determined without regard to this Section 3(c)(2), as 

  
 7 

 
of the first day of the Plan Year beginning immediately after such termination and (y) zero (0); provided, however, the Benefit Percentage for each such additional year of service, if any,
shall be determined based upon what would be the Participant’s attained age in whole years as of January 1 of each calendar year beginning after the date of the Covered Termination corresponding to such additional year of service (e.g., if
the Participant, date of birth March 3, 1947, incurs a Covered Termination in the year 2000 and receives three (3) additional years of service hereunder, then the aggregate Benefit Percentage for such years shall be 30% (9% + 9% + 12%).
The Benefit Service provided for by this Section 3(c)(2) shall be in addition to a Participant’s Benefit Service under the Plan determined without regard to this Section 3(c)(2). 

(d) Service Credits. 
 (1) General. Subject to other Plan provisions, a Participant’s Years of Service shall be based upon the completion of 1,000 Hours of Service during a calendar year. 

(2) No Vesting Service Before Participation Date. No Year of Service completed before the calendar year which includes an
individual’s Participation Date shall be considered for purposes of applying Section 3(b)(1). 
 (3)
Non-Duplication of Service Credit. In no event shall a Participant be credited for more than one (1) Year of Service with respect to any one (1) calendar year. In the event service credit for a period must be provided under the Plan
by reason of applicable law (e.g., USERRA) and such credit duplicates service credit otherwise provided under the Plan, then the service crediting provision which is most beneficial to the Participant under the circumstances shall be applied but
without duplication of service credit for the same period. 
 (4) Leaves of Absence. In the sole discretion of the
Committee, a Participant may be granted service credit for a period of absence from active employment due to illness, personal circumstances, or such other events as the Committee may authorize under the circumstances and in such amount or manner of
service credit as the Committee deems appropriate under the circumstances, but in no event shall such service credit duplicate any such credit otherwise provided under the Plan for the same period or extend beyond the date the Participant Separates
from Service. Unless otherwise expressly provided by the Committee, however, in no event shall a Participant earn Benefit Service during the period of such absence. 
 (5) Break in Service. Except as determined in the sole discretion of the Committee, if a Participant incurs a Separation from Service before he or she has a nonforfeitable right to a Retirement
Benefit by reason of Section 3(b)(1) and thereafter returns to employment as an Eligible Employee, all service credits earned prior to such termination shall be ignored and, if the individual again becomes a Participant, the individual’s
service credits under the Plan shall be determined as if he or she had not been previously employed by any Group member. 
 (6)
Transfer. If an individual becomes a Participant and subsequently, and without a Separation from Service, becomes employed as other than an Eligible Employee, then upon the occurrence of such event the individual shall cease all active
participation under the Plan (e.g., he or she will no longer accrue benefits under the Plan). 

  
 8 

 (e) Disability. 

(1) General. This Section describes special service credit and other rules which apply to a Participant who becomes Disabled
before age sixty-five (65) and while he or she is an Eligible Employee (i.e., a “Disabled Participant”). In no event shall a Participant be considered Disabled until and unless he or she supplies all information and takes all acts
(e.g., submits to medical examinations) reasonably requested by the Administrator to establish the fact of his or her Disability. 
 (2) Credit for Benefit Service. A Disabled Participant shall receive credit for Benefit Service during the Disability period. This service credit shall be determined, without duplication of other
service credit provided under the Plan for the same period, based upon the complete whole years (with fractional years being rounded to the nearest whole year) which elapse during the Disability period. The Disability period shall begin on the date
of Disability as determined by the Administrator, taking into account any applicable waiting period (e.g., end of short-term disability period) prescribed by the Administrator for this purpose, and shall end on the earliest of (i) the date the
Participant is no longer Disabled or is considered not to be Disabled, (ii) the date the Disabled Participant attains age sixty-five (65), and (iii) the date of the Participant’s death. 

(3) Covered Compensation. Except as described in the immediately following paragraph, a Participant’s Covered Compensation,
determined as of the beginning of the Disability period, shall not change during the Disability period, and if a Disabled Participant recovers from the Disability before attaining age sixty-five (65) and returns to employment as an Eligible
Employee, Covered Compensation shall be determined as otherwise provided under the Plan and by assuming the Participant’s (x) Compensation during the Disability period was equal to the Participant’s Final Average Compensation as of
the beginning of the Disability period and (y) Section 401(a)(17) Compensation during the Disability period was equal to the Participant’s Section 401(a)(17) Compensation as of the beginning of the Disability period. 

Notwithstanding the immediately preceding paragraph, a Disabled Participant’s Covered Compensation shall be decreased during the
Disability period if and to the extent such Participant’s final average compensation or similar amount taken into account under the Pension Plan (or any other tax-qualified defined benefit plan sponsored by a Group member) increases due to the
imputation of compensation, during the Disability period and by reason of such disability, for purposes of determining retirement benefits under such plan. In such event, the Participant’s Covered Compensation during the Disability period shall
be decreased by the same amount by which final average compensation under such other plan is so increased, and clause (y) of the immediately preceding paragraph shall be applied by substituting the phrase “as of the end of the Disability
period” for the phrase “as of the beginning of the Disability period.” 
 (4) Payment of Disability
Benefit. A Disabled Participant shall be entitled to a Retirement Benefit commencing as of the first day of the month next following the Participant’s attainment of age sixty-five (65), even if such individual recovers from such Disability
prior to such date. 

  
 9 

 (5) Death During the Disability Period. If a Disabled Participant dies during the
Disability period or the Disability ends by reason of attainment of age sixty-five (65) and the Disabled Participant dies before benefits commence, a death benefit shall be paid after such Disabled Participant’s death to the extent
provided in Section 4. 
 (6) Proof of Disability. The Administrator shall determine whether and when a Participant
is Disabled and may adopt such rules and procedures as it deems appropriate for this purpose. Once a Participant is determined to be Disabled, the Administrator may require the Participant to verify that he or she remains Disabled, and such
verification may include requiring the Participant to submit to one or more medical examinations. If a Participant fails to supply information or take action as requested by the Administrator in order to determine whether the Participant is or
remains Disabled, the Participant shall not be considered Disabled or shall be considered to have recovered from the Disability, as the case may be, except that in no event shall benefits commence prior to the Participant’s age sixty-five (65).

 (f) Compensation. 
 (1) General. Compensation, Final Average Compensation and Section 401(a)(17) Compensation shall be determined solely with respect to such remuneration earned from and after a
Participant’s Benefit Service Date and during the period of employment as an Eligible Employee. In the event a Participant is employed with a Group member before becoming an Eligible Employee or, subject to the provisions of
Section 3(d)(6), after ceasing to be an Eligible Employee, the Administrator shall determine such compensation allocable to periods of such employment in each capacity in such manner as it deems reasonable in its sole discretion under the
circumstances (e.g., allocation of MIP bonuses for the year in which an individual is promoted to an Eligible Employee). 
 (2)
Determination. The amount of Compensation, Final Average Compensation and Section 401(a)(17) Compensation shall be as determined from the books and records of the employing Group member and shall be determined on the basis of when such
remuneration is paid to the Participant; provided, however, items of remuneration or portions thereof may be determined on the basis of when the item is earned (in which case the item or portion shall not be again counted when paid) by the
Participant if and to the extent the Administrator determines such treatment is appropriate under the circumstances (e.g., including MIP bonuses earned during the final year of employment as Compensation before such bonus is actually paid; including
an amount deferred at the election of the Participant as Compensation when it otherwise would have been paid but for such election). 
 SECTION 4. Payments In The Event Of Death Before The Benefit Commencement Date. 
 A pre-retirement death benefit shall be payable under the same events, at the same time, in the same way and to the same persons and in the same proportions, and subject to the same adjustments, terms and
conditions as provided for the pre-retirement death benefit payable under Section 4 of the SERP, but solely with respect to the Pension Amount hereunder. 

  
 10 

 SECTION 5. Payment Of Retirement Benefits. 

A Retirement Benefit shall be payable under the same events, at the same time, in the same way and to the same persons and in the same
proportions, and subject to the same adjustments, terms and conditions as provided for the retirement benefit payable under Section 5 of the SERP, but solely with respect to the Pension Amount hereunder. 

SECTION 6. Confidentiality, Covenants Not To Compete, And Non-Solicitation. 

(a) General. 
 Each Eligible Employee acknowledges that as a key executive of the Company or other Group member he or she has become familiar and will continue to be familiar with the trade secrets, know-how, executive
personnel, strategies, other confidential information and data of the Group and its members. Each Eligible Employee further acknowledges that the financial security of the Group and the Company’s shareholders depends in large part on the
efforts of executives like the Eligible Employee, and that a basic premise for the Plan is to compensate such individuals for their efforts in causing the Group to grow and prosper, thereby helping to insure the Group’s financial future for
years well beyond the time the individual leaves. Therefore, in consideration of the extension of the Plan to an Eligible Employee, he or she agrees that (i) after Termination of Employment he or she shall not (directly or indirectly), without
the Company’s prior written consent, use or disclose to any other person any confidential information or data concerning the Company or other Group members or former Group members, and (ii) for a period of three (3) years from
Termination of Employment he or she shall not (directly or indirectly) and without the Company’s prior written consent: 
  

	 	(1)	own, manage, control, participate in, consult with or render services of any kind for any concern which engages in a business which is competitive with any business
being conducted, or contemplated being conducted, by the Group as of the date of Termination of Employment; 

  

	 	(2)	become an employee or agent of any publicly traded corporation or other entity, or any division or subsidiary of such a corporation or entity, where more than 5% of
such organization’s business is in competition with any business being conducted, or contemplated being conducted, by the Group as of the date of Termination of Employment, unless the annual sales of such organization do not exceed $40 million;

  

	 	(3)	participate in any plan or attempt to acquire the business or assets of the Group or control of the voting stock of any member thereof, or in any manner interfere with
the control of the Company, whether by friendly or unfriendly means; or 

  

	 	(4)	induce or attempt to induce any individual to leave the employ of the Company or other Group member or hire any such individual who approaches him or her for
employment. 

  
 11 

 If at the time of enforcement of the terms of this Section 6, a court shall hold that the duration,
scope or area of restriction stated herein are unreasonable under the circumstances then existing, the Eligible Employee agrees that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated
duration, scope, or area. 
 (b) Forfeiture and Other Remedies. 

Upon any breach of the covenants described in this Section, all benefits then due under the Plan (and all benefits which otherwise would
be due under the Plan in the future) to the Eligible Employee or his or her beneficiaries shall be forfeited. The covenants described in this Section run in favor of and shall be enforceable by the Company or its assigns. The Company shall be
entitled to all legal and equitable remedies to prevent, cure and compensate for a breach of the covenants described herein, without posting of bond, and all such remedies shall be in addition to such forfeiture. By accepting coverage under the
Plan, each Eligible Employee acknowledges and agrees that his or her breach or breach of the covenants described in this Section 6 will result in irreparable harm to the Company. Therefore, to remedy or prevent such a breach the Company shall
be entitled to enjoin the Eligible Employee from taking or failing to take such actions as will or which may be reasonably considered to cause such a breach, including an injunction to prevent the Eligible Employee from breaching the terms of this
Section 6. 
 SECTION 7. Funding And Payment Of Benefits. 

(a) General. 
 Except as expressly provided herein, the Plan is an unfunded deferred compensation arrangement. No Group member shall establish or is required to establish any trust to fund benefits provided under the
Plan, and no such member shall establish or is required to establish any type of earmarking or segregation of its assets to provide for such benefits. In the event of default of a Group member’s obligations hereunder, each Participant and his
or her beneficiaries shall have no greater entitlements or security than does a general creditor of the Group member. 
 (b)
Employer Company. 
 Except as otherwise expressly provided herein, the Employer Company shall pay or provide for the
payment of benefits hereunder. If the Employer Company does not timely pay such benefits, then, except as described in subsection (c) immediately following, the sole recourse of the claimant Participant or Beneficiary is against such Employer
Company and no other member of the Group shall be responsible to pay or provide for the payment of such benefits or liable for the nonpayment thereof. 
 (c) Company Assumption of Liability. 
 Under the following circumstances,
the Company shall assume and be responsible for the payment of benefits hereunder even though it is not the Employer Company: 
  

	 	(i)	the Employer Company is not participating in the Plan as of the date benefits hereunder are scheduled to commence to a Participant or his or her beneficiaries;

  
 12 

	 	(ii)	the Employer Company does not timely pay or provide for the payment of benefits hereunder and such failure is not corrected within thirty (30) days; or

  

	 	(iii)	the Participant has a Termination of Employment due to a sale of the stock (or rights analogous to stock) or assets of a Group member, and the Participant has earned a
non-forfeitable Retirement Benefit (determined without regard to the forfeiture provision of Section 6(b) unless such section has been actually enforced as to such individual) on or before the date of such termination. 

The Company’s obligation under paragraph (i) immediately preceding shall cease when the Employer Company agrees to participate in the Plan. The
Company’s obligation under paragraph (ii) immediately preceding shall cease when the Employer Company is current on its payment of benefits. The Company’s obligation under paragraph (iii) immediately preceding shall not come into
effect (or if previously effective, shall cease) as of the date the person who purchased such stock or assets, or a person who controls such person, agrees in writing to assume the liability for the benefits the Participant has then earned
hereunder; provided, however, that upon a Change in Control the Company, any person in control of the Company, and the Employer Company if not the Company, shall be jointly and severally responsible for payment of benefits hereunder regardless of
the other provisions of this Section 7 and the assumption of such liability by another person shall not discharge the Company, any person in control of the Company, and such Employer Company from liability hereunder. 

(d) Participation by Other Group Members. 
 A member of the Group may join in this Plan by adopting a written resolution of its board of directors, and delivering such resolution to the Administrator. Any Group member, other than the Company, may
end its participation under the Plan by a written resolution of its board of directors delivered to the Committee, provided, however, that no such resolution ending participation shall be effective until thirty (30) days after it is received by
the Administrator. By agreeing to join in the Plan, each Group member agrees to pay or provide for the payment o£ benefits hereunder to those Participants and their beneficiaries with respect to whom such member is the Employer Company. No
such member, other than the Company, shall have any power or authority to terminate, amend, administer, modify, or interpret the Plan, all such powers being reserved to the Administrator and the Committee. 

SECTION 8. Default. 
 Should the Employer Company (and the Company to the extent provided for in Section 7(c)) fail to pay when due any benefit under the Plan to or with respect to a Participant or Beneficiary and such
failure to pay continues for a period of sixty (60) days from receipt of a written notice of nonpayment from the affected Participant or Beneficiary, the Employer Company (and the Company to the extent provided in Section 7(c)) shall be in
default hereunder and shall pay to the Participant or Beneficiary the benefits past due and the reasonable costs of collection of any such amount, including reasonable attorney’s fees and costs; provided, however, if the

  
 13 

 
Administrator in good faith disputes the amount of such benefit due or whether a person is entitled to such a benefit, then to the extent and duration of such a dispute the Employer Company (and
the Company to the extent provided for in Section 7(c)) shall not be considered in default hereunder; provided further, however, a Participant for whom a KEESA becomes operative due to a Change in Control, and regardless of whether such
Participant incurs a Covered Termination, shall be entitled to payment or reimbursement of such costs of collection as provided under Section 13(l). 
 SECTION 9. Administration Of The Plan. 
 (a) General. 

The Company, through its designated officers and agents, shall be the Administrator and thereby handle the day-to-day administration of
the Plan and such other administrative duties as are allocated to the Administrator under the Plan. All such administrative duties and powers shall be performed by and rest in the Company’s Senior Vice President of Human Resources (or persons
designated by such Senior Vice President). Except as otherwise provided under the Plan, the Administrator shall: 
  

	 	(1)	determine the rights and benefits of individuals and other persons under the Plan; 

 

	 	(2)	interpret, construe, and apply the provisions of the Plan; 

  

	 	(3)	process and direct the payment of Plan benefits; 

  

	 	(4)	adopt such forms as it deems appropriate or desirable to administer the Plan and pay benefits thereunder; and 

 

	 	(5)	adopt such rules and procedures as it deems appropriate or desirable to administer the Plan. 

(b) Committee. 
 The Committee shall exercise such powers as are allocated to it under the Plan and shall be empowered to direct other persons as to Plan administration, and its directions shall be followed to the extent
consistent with the powers delegated to the Committee and not otherwise contrary to the provisions of the Plan. 
 (c)
Discretion. 
 In exercising their powers and duties under this Section, and their other powers and duties granted under
the Plan, the Committee and the Administrator and each member or delegate thereof is granted such discretion as is appropriate or necessary to carry out such duties and powers. This discretion necessarily follows from the fact that the Plan does
not, and is not intended to, prescribe all rules necessary to administer the Plan or anticipate all circumstances or events which may arise in the course of such administration. 

  
 14 

 (d) Indemnity. 

No member of the Committee or person acting on behalf of the Administrator shall be subject to any liability with respect to the
performance of his or her duties under the Plan or a related document unless he or she acts fraudulently or in bad faith. The Company shall indemnify and hold harmless the members of the Committee and the Company’s officers and employees, and
the officers and employees of another Group member, from any liability with respect to the performance of their duties under the Plan, unless such duties were performed fraudulently or in bad faith. Such indemnification shall cover any and all
reasonable attorneys’ fees and expenses, judgments, fines and amounts paid in settlement, but only to the extent such amounts are (i) actually and reasonably incurred, (ii) not otherwise paid or reimbursable under an applicable
employer paid insurance policy, and (iii) not duplicative of other payments made or reimbursements due by the Company or its affiliates under other indemnity agreements. 
 (e) Code Section 409A. 
 The Plan shall be administered, and the
Administrator and the Committee shall exercise their discretionary authority under the Plan, in a manner consistent with Code section 409A and Treasury Regulations and other applicable guidance thereunder. Any permissible discretion to accelerate or
defer a Plan payment under such Regulations, the power which to exercise is not otherwise described expressly in the Plan, shall be exercised by the Committee. Any other discretion with respect to, or which directly or indirectly impact, the
application of Code section 409A, the exercise of which is not expressly lodged in the Committee, shall be exercised by the Administrator. In the event the matter over which such discretion may be exercised relates to a Committee member or a
delegate of the Administrator, or such member or delegate is otherwise unable to freely exercise such discretion, such member or delegate shall not take part in the deliberations and decisions regarding that matter. 

(f) Use of Professional Services. 
 The Administrator and the Committee may obtain the services of such attorneys, accountants, record keepers or other persons as it deems appropriate, any of whom may be the same persons who are providing
services to the Company or other Group member. In any case in which the Administrator and the Committee utilizes such services, it shall retain exclusive discretionary authority and control over the administration and operation of the Plan.

 (g) Communications. 
 Requests, claims, appeals, and other communications related to the Plan shall be in writing and shall be made by transmitting the same via the U.S. Mail to the Company’s Senior Vice President of
Human Resources, at the Company’s corporate headquarters address. 
 SECTION 10. Effect of KEESA. 

If a Participant incurs a Covered Termination, then as or with respect to that Participant: 

 

	 	(i)	 notwithstanding the provisions of Section 6, the scope or duration (or both) of such Participant’s covenants under Section 6 shall be

  
 15 

	 	
no greater or longer than similar covenants provided for in such Participant’s KEESA and, to the extent there are no such similar covenants in such Participant’s KEESA, then
Section 6 shall be void and of no force and effect; 

  

	 	(ii)	if the Participant is not fully vested in his or her accrued benefit under the Pension Plan when he or she so terminates employment, such Participant’s Pension
Amount as of the Benefit Commencement Date shall be increased by the present value of such non-vested accrued benefit; such present value shall be determined (x) as of the Benefit Commencement Date, (y) by using the amount of such
non-vested accrued benefit payable as of the Benefit Commencement Date as calculated under the terms of the Pension Plan and by assuming the Participant was eligible to receive such non-vested accrued benefit under the Pension Plan on and after the
attainment of age fifty-five (55), and (z) by using UP 84 mortality and seven percent (7%) interest; and 

  

	 	(iii)	in the case of any conflict between the terms and provisions of this Plan and the terms and provisions of such Participant’s KEESA, the terms of such
Participant’s KEESA shall control to the extent more beneficial to such Participant, and the obligations of the Company under such KEESA shall be in addition to any of its obligations under the Plan. 

SECTION 11. Amendment Or Termination. 
 (a) General. 
 This Plan may be terminated or amended, in whole or in part,
at any time by written resolution of the Board of Directors of the Company. Any such action may apply to the Plan as a whole, or any individual Participant or group of Participants. Except as provided in Section 11(b) and (c), any such action
may reduce or eliminate (retroactively or prospectively, or both) any benefits under the Plan that otherwise would be payable but for such action. 
 (b) Limitation on Power to Amend or Terminate. 
 (1) Vested
Participants. As to any Participant who has earned a non-forfeitable Retirement Benefit (determined without regard to Section 6) before the date the Plan is amended or terminated (or, if later, before the date such action is effective), no
such amendment or termination shall (without the specific written consent of the Participant): 
  

	 	(i)	reduce the Retirement Benefit earned by the Participant; 

  

	 	(ii)	reduce the amount of Plan benefits then being paid to a Participant or change the form in which such benefits are being paid; or 

  
 16 

	 	(iii)	terminate, amend, or otherwise change the liability of the Company, Employer Company, or other person to pay or provide for the payment of Retirement Benefits protected
under clauses (i) and (ii) immediately preceding. 

 (2) Beneficiaries. As to any former
Participant who has died before the date the Plan is amended or terminated (or, if later, before the date such action is effective), no such amendment or termination shall (without the specific written consent of such Participant’s
Beneficiary): 
  

	 	(i)	reduce the amount of Plan benefits to which such Beneficiary is entitled or change the form in which benefits are payable; or 

 

	 	(ii)	terminate, amend, or otherwise change the liability of the Company, Employer Company, or other person to pay or provide for the payment of benefits protected under
clause (i) immediately preceding. 

 (c) Change in Control. 

In addition to the limitations described in Section 11(b), upon a Change in Control for which a Participant’s KEESA becomes
operative and under which a Covered Termination has or may occur, then without the specific written consent of the Participant (or Beneficiary in the event of the Participant’s death), the Plan as in existence immediately prior to the Change in
Control may not be (directly or indirectly) terminated, amended, or otherwise changed in any respect during the three year period beginning with the date of the Change in Control, but only with respect to such individual. The prohibition herein
described shall apply to any action which affects or is intended to affect the terms and provisions of the Plan as then in effect during such three year period, regardless of when made or effective. 

(d) Continuation of Plan Provisions. 
 To the extent that any Plan benefits, and rights and obligations allocable thereto, are protected under Section 11(b) and (c), then as to the persons described in Section 11(b) and (c) the
Plan shall continue in force and effect, as if no such amendment or termination had occurred, until such benefits are fully paid or fully provided for to such persons. 
 SECTION 12. Claims. 
 (a) Filing Claims. 

A Participant or Beneficiary (or a person who in good faith believes he or she is a Participant or Beneficiary, i.e., a
“claimant”) who believes he or she has been wrongly denied benefits under the Plan may file a written claim for benefits with the Administrator. Although no particular form of written claim is required, no such claim shall be considered
unless it provides a reasonably coherent explanation of the claimant’s position. 

  
 17 

 (b) Decision on Claim. 

The Administrator shall in writing approve or deny the claim within sixty (60) days of receipt, provided that such sixty
(60) day period may be extended for reasonable cause by notifying the claimant. If the claim is denied, in whole or in part, the Administrator shall provide notice in writing to the claimant, setting forth the following: 

 

	 	(1)	the specific reason or reasons for the denial; 

  

	 	(2)	a specific reference to the pertinent Plan provisions on which the denial is based; 

 

	 	(3)	a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material is necessary; and

  

	 	(4)	the steps to be taken if the claimant wishes to appeal the decision to the Committee. 

(c) Appeal of Denied Claim. 
 (1) Filing Appeals. A claimant whose claim has been denied in whole or in part may appeal such denial to the Committee by filing a written appeal with the Administrator within sixty (60) days
of the date of the denial. A decision of the Administrator which is not appealed within the time herein provided shall be final and conclusive as to any matter which was presented to the Administrator. 

(2) Rights on Appeal. A claimant (or a claimant’s duly authorized representative) who appeals the Administrator’s
decision shall, for the purpose of preparing such appeal, have the right to review any pertinent Plan documents, and submit issues and comments in writing to the Committee. 
 (d) Decision by Appeals Committee. 
 The Committee shall make a final and
full review of any properly appealed decision of the Administrator within sixty (60) days after receipt of the appeal, provided that such period may be extended for reasonable cause by notifying the claimant. The Committee’s decision shall
be in writing and shall include specific reasons for its decisions and specific references to the pertinent Plan provisions on which its decision is based. 
 SECTION 13. Miscellaneous. 
 (a) Non-Alienation. 

Except as otherwise provided under the Plan or as required under applicable law, unless otherwise determined by the Administrator, no
right or benefit under this Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge, and any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber, or charge the
same shall be void, and no such right or benefit shall be in any manner liable for or subject to the debts, contracts, liabilities, engagements, or torts of any person entitled to such right or benefit, and no such right or benefit shall be subject
to garnishment, attachment, execution, or levy of any kind. 

  
 18 

 (b) Employer’s Rights. 

The right of a Group member to discipline or discharge employees or to exercise rights related to the tenure of employment shall not be
adversely affected in any manner by reason of the existence of the Plan or any action hereunder. 
 (c) Interpretation.

 Section and subsection headings are for convenient reference only and shall not be deemed to be part of the substance of this
instrument or in any way to enlarge or limit the contents of any Section or subsection. Masculine gender shall include the feminine, and vice versa, and singular shall include the plural, and vice versa, unless the context clearly requires
otherwise. 
 (d) Withholding of Taxes. 
 All benefits earned under the Plan or the payment of such benefits, as the case may be, shall be subject to withholding for federal, state, local and other taxes as required by law. If and to the extent
any such withholding is required before such benefits are paid to the Participant or Beneficiary, such withholdings shall be made from amounts otherwise payable to such person by a Group member (e.g., salary). If no such other amounts are available
to satisfy such withholdings, the Company may reduce the Participant’s Retirement Benefit by the amount needed to pay the Participant’s portion of such tax, plus, with respect to a distribution for FICA taxes, an amount equal to the
withholding taxes due under federal, state or local law resulting from the payment of such FICA tax, and an additional amount to pay the additional income tax at source on wages attributable to the pyramiding of the section 3401 wages and taxes, but
no greater than the aggregate of the FICA amount and the income tax withholding related to such FICA amount. 
 (e) Offset
for Amounts Due. 
 A Participant’s Retirement Benefit may be reduced by one or more offsets to repay any amounts then
due and owing by the Participant to a Group member, unless another means of repayment is agreed to by the Administrator. Except for the right to immediate offset by reduction of the vested Pension Amount for an amount up to $5,000, or such higher
amount as allowed in Treasury Regulations under Code section 409A or other applicable guidance, no such offset shall be made before an amount is scheduled to be paid to the Participant or Beneficiary and the amount then offset shall not exceed the
amount that would be then otherwise paid. 
 (f) Computational Errors. 

In the event mathematical, accounting, actuarial or other errors are made in administration of the Plan due to mistakes of facts, the
Administrator may make equitable adjustments, which may be retroactive, to correct such errors. Such adjustments shall be conclusive and binding on all Participants and Beneficiaries. 

  
 19 

 (g) Requirement of Proof. 

In discharging their duties and responsibilities under the Plan, the Administrator and the Committee may require proof of any matter
concerning this Plan, and no person shall acquire any rights or be entitled to receive any benefits under this Plan until such proof is furnished. 
 (h) Tax Consequences. 
 Neither the Company nor any other Group member
represents or guarantees that any particular federal, foreign, state or local income, payroll, or other tax consequence will result from participation in this Plan or payment of benefits under the Plan. 

(i) Communications. 
 The Administrator shall prescribe the forms of communication, including forms for benefit application and the like, with respect to the Plan as it deems appropriate. Any such communication and assent or
consent thereto may be handled by electronic means. 
 (j) Not Compensation Under Other Benefit Plans. 

No amounts paid or payable to a Participant under the Plan shall be deemed to be salary or compensation for purposes of any other
employee benefit plan of the Company or any other Group member except as and to the extent otherwise specifically provided in such other plan. 
 (k) Choice of Law. 
 To the extent not preempted by ERISA or any other
federal statute, the construction and interpretation of the Plan shall be governed by the laws of the State of Minnesota, without reference to conflict of law principles thereof. 

(l) Savings Clause. 
 Should any valid federal or state law or final determination of any agency or court of competent jurisdiction affect any provision of this Plan, the Plan provisions not affected by such determination
shall continue in full force and effect. 
 (m) Change in Control. 

A Participant for whom a KEESA becomes operative due to a Change in Control, and regardless of whether such Participant incurs a Covered
Termination, shall be entitled to adjudicate any dispute regarding his or her benefits or rights and entitlements under the Plan, after compliance to the extent necessary with the claim procedures under Section 12, in the forums and venues as
provided in Section 22 of the KEESA, and shall be entitled to payment or reimbursement of costs and expenses related to such adjudication as provided in Section 15 of the KEESA. 

  
 20 

 SECTION 14. Transition Rules. 

(a) General. 
 Except as described in this Section, this Plan document shall govern when and how Plan benefits are payable with respect to individuals who are Participants on or after January 1, 2009. For the
period that began on January 1, 2005 and ended December 31, 2008, the Plan as in effect on December 31, 2004 governed the rights and obligations of the Company and Participants, except as modified by the Administrator in its
discretion so that the Plan and its operations were in good faith compliance with Code section 409A. 
 (b) 2004 Vested
Participants Benefits. 
 The Plan document in effect as of December 31, 2004 (the “2004 Plan”) shall govern
when and how then vested Plan benefits are payable, including the elections available or discretion granted to choose or affect the form or commencement date of such benefits. In determining such vested Plan benefits, the Pension Amount as of such
date shall be determined as if the Participant had a Separation from Service on the earlier of (i) December 31, 2004 and (ii) the actual date of such event. The Pension Amount as so determined shall be increased by the adjustment
factor for the period from the first of the month next following the earlier of such dates to the annuity commencement date, and shall be converted into the annuity forms available for payment, all as provided for in the 2004 Plan. 

(c) Excess. 
 The excess, if any, of the total Plan benefit payable to or with respect to a Participant expressed as the Monthly Installment over the Plan benefit so payable expressed as the Monthly Installment and
described in subsection (b) immediately preceding shall be subject to this Plan document. 
 The undersigned, by the
authority of the Board of Directors of Pentair, Inc., does hereby approve the form and content of this amended and restated Plan document. 
  

									
	Dated:	 	  
	 		 	  

  
 21 

 SCHEDULE 1 
  

					
	Items Included	 		  	Items Excluded
			
	 Base salary or wages, including such salary or wages deferred at the election of an individual under the Pentair, Inc. Non-Qualified
Deferred Compensation Plan
  
 401(k) plan before-tax and after-tax employee
contributions
  
 Section 125 plan (flexible benefit plan) pre-tax
employee contributions
  
 Pentair, Inc. Employee Stock Purchase and Bonus
Plan employer bonus contributions
  
 Pentair, Inc. Management Incentive Plan
bonus, including such bonus deferred at the election of an individual under the Pentair, Inc. Non-Qualified Deferred Compensation Plan
  

Holiday pay
  
 Sick leave pay
  
 Bereavement
pay
  
 Jury duty pay

 
 Military pay

 
 Gain-sharing payments

 
 Profit-sharing payments

 
 Short-term disability benefits

 
 Perquisites
	 		  	 Cash payments made and property or rights in property other than cash granted under or pursuant to the Pentair Omnibus Stock Incentive
Plan
  
 Special awards under the Pentair, Inc. Management Incentive
Plan
  
 Severance pay

 
 Moving expense reimbursements

 
 Employee business expense reimbursements

 
 Tuition reimbursement

 
 Adoption assistance payments

 
 Computer hardware and software purchase reimbursements

 
 Special cash awards

 
 Foreign duty pay enhancements

 
 Except as expressly provided in the column immediately to the left, amounts
contributed to (e.g., deferred salary) or received under or pursuant to non-qualified deferred compensation arrangements including, but not limited to, the Pentair, Inc. Non-Qualified Deferred Compensation Plan

 
 Except as expressly provided in the column immediately to the left, all
contributions (other than after-tax employee contributions) to and all benefits received under a tax-qualified planAmendment to Credit Agreement

 Exhibit 10.1 
 EXECUTION VERSION 
 AMENDMENT TO CREDIT AGREEMENT 

This AMENDMENT TO CREDIT AGREEMENT, dated as of September 27, 2012 (this “Amendment”), is by and among the Lenders
party hereto, Bank of America, N.A., in its capacity as administrative agent and collateral agent for the Lenders (the “Administrative Agent”), Quality Distribution, LLC, a Delaware limited liability company (the
“Borrower”), Quality Distribution, Inc., a Florida corporation (“Holdings”), and the other Subsidiaries of Holdings party hereto (collectively, with the Borrower and Holdings, the “Loan Parties”).

 W I T N E S S E T H : 

WHEREAS, the Administrative Agent, the Lenders, the Borrower and the other Loan Parties have entered into financing arrangements pursuant
to which the Lenders have made and may make loans and advances and provide other financial accommodations to Borrower as set forth in the Credit Agreement dated August 19, 2011, by and among the Administrative Agent, the Lenders, the Borrower
and Holdings and the other parties thereto (as from time to time amended, modified or supplemented, the “Credit Agreement”) (capitalized terms used but not defined herein shall have the meanings set forth in the Credit Agreement);

 WHEREAS, the Borrower has requested $100,000,000 in Incremental Revolving Facility Commitments pursuant to Section 2.21
of the Credit Agreement, and the Incremental Revolving Facility Lenders are willing to provide such Incremental Revolving Facility Commitments on the same terms as the Revolving Facility Commitments and subject to the conditions set forth herein;

 WHEREAS, the Borrower and the other Loan Parties desire to amend certain provisions of the Credit Agreement as set forth
herein, and the Super Majority Lenders are willing to agree to such amendments on the terms and subject to the conditions set forth herein; 
 WHEREAS, by this Amendment, the Super Majority Lenders, the Incremental Revolving Facility Lenders, the Borrower and the other Loan Parties desire and intend to evidence such amendments; 

NOW THEREFORE, in consideration of the foregoing and the mutual agreements and covenants contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1.
Amendments to Credit Agreement. 
 (a) Section 1.01 of the Credit Agreement shall be amended by adding the following
new definitions thereto in proper alphabetical order: 
 ““First Amendment” means the Amendment to Credit
Agreement dated as of September 27, 2012 among the Super Majority Lenders, the Borrower and the other Loan Parties signatory thereto.” 

 ““Incremental Effective Date” means the date on which all conditions
contained in Section 2 of the First Amendment have been satisfied or waived.” 
 (b) The definition of
“Availability Triggering Event” contained in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows: 
 ““Availability Triggering Event” shall occur at any time that (a) Availability is less than (i) $35.0 million at such time if the Borrowing Base is greater than $300.0
million, (ii) $30.0 million at such time if the Borrowing Base is less than or equal to $300.0 million but greater than $250.0 million, (iii) $25.0 million at such time if the Borrowing Base is less than or equal to $250.0 million but
greater than $200.0 million or (iv) $20.0 million at such time if the Borrowing Base is less than or equal to $200.0 million (provided that solely with respect to Section 5.04(j), the foregoing $35.0 million, $30.0 million, $25.0 million
and $20.0 million thresholds shall be $45.0 million, $40.0 million, $35.0 million and $25.0 million, respectively) or (b) an Event of Default shall have occurred and be continuing. Once occurred, an Availability Triggering Event described in
clause (a) shall be deemed to be continuing until such time as the Availability is greater than (i) $35.0 million if the Borrowing Base is greater than $300.0 million, (ii) $30.0 million if the Borrowing Base is less than or equal to
$300.0 million but greater than $250.0 million, (iii) $25.0 million if the Borrowing Base is less than or equal to $250.0 million but greater than $200.0 million or (iv) $20.0 million if the Borrowing Base is less than or equal to $200.0
million, as applicable, for 30 consecutive days (provided that solely with respect to Section 5.04(j), the foregoing $35.0 million, $30.0 million, $25.0 million and $20.0 million thresholds shall be $45.0 million, $40.0 million, $35.0 million
and $25.0 million, respectively).” 
 (c) Clause (d) of the definition of “Borrowing Base” contained in
Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows: 
 “(d) the lesser of
(x) the sum of (A) 80% of the fair market value of Eligible Real Property (as reflected in the most recent appraisal delivered prior to the Closing Date or subsequently delivered pursuant to Section 5.07(b)) plus (B) 85% of the
Net Orderly Liquidation Value of Eligible Machinery and Equipment, which sum shall be reduced by $750,000 on each six-month anniversary of the Closing Date; provided, that, the foregoing $750,000 amount shall be increased from and after the
second anniversary of the Closing Date by an amount equal to the semi-annual amortization (calculated on a ten (10)-year straight-line basis) of any increase in the PPE Cap above $30.0 million and (y) the PPE Cap; provided, that, on the
second anniversary of the Closing Date and each six-month anniversary of the Closing Date thereafter, the PPE Cap shall be reduced by an amount equal to $750,000 plus an amount equal to the semi-annual amortization (calculated on a ten
(10)-year straight-line basis) of any increase in the PPE Cap above $30.0 million. For the avoidance of doubt, any reductions to the PPE Cap occurring prior to the Incremental Effective Date shall be of no force and effect from and after the
Incremental Effective Date.” 
 (d) The definition of “PPE Cap” contained in Section 1.01 of the
Credit Agreement is hereby amended and restated in its entirety as follows: 
 ““PPE Cap” shall mean $30.0
million; provided, that, within nine (9) months of the Incremental Effective Date, the Borrower may, at its discretion, increase the foregoing 

 
amount up to two (2) times; provided further, that, in no event shall the PPE Cap exceed $35.0 million after giving effect to any such increase; provided further,
that, prior to any exercise by the Borrower of its option to increase the PPE Cap, the Administrative Agent shall have received all environmental and collateral audits and appraisals (including, without limitation, an analysis of the fair market
value of any Eligible Real Property and the Net Orderly Liquidation Value of any Eligible Machinery and Equipment) reasonably requested by it in respect of any Eligible Real Property and Eligible Machinery and Equipment acquired after the Closing
Date that the Borrower desires to include in the Borrowing Base (and not, for the avoidance of doubt, any Eligible Real Property and Eligible Machinery and Equipment included in the Borrowing Base on the Incremental Effective Date).”

 (e) Section 3.08(a) of the Credit Agreement is hereby amended by deleting therefrom the words “Closing Date”
and substituting “Incremental Effective Date” therefor. 
 (f) Schedule 1.01C of the Credit Agreement is hereby
amended by deleting therefrom reference to the property located at 807 Seaboard Ave., Chesapeake, Virginia. 
 (g) Schedule
2.01 to the Credit Agreement is hereby deleted and replaced in its entirety by the corresponding schedule attached as Annex A hereto. 
 (h) Schedule 3.08(a) to the Credit Agreement is hereby deleted and replaced in its entirety by the corresponding schedule attached as Annex B hereto. 

(i) Exhibit B to the Credit Agreement is hereby deleted and replaced in its entirety by the corresponding schedule attached as Annex C
hereto. 
 2. Conditions Precedent. The amendments contained herein shall only be effective upon the satisfaction of each
of the following conditions precedent in a manner satisfactory to Administrative Agent (the date of such satisfaction, the “Incremental Effective Date”): 
 (a) the execution and delivery of this Amendment by the Loan Parties, the Super Majority Lenders, the Incremental Revolving Facility Lenders and the Administrative Agent; 

(b) receipt by the Administrative Agent of a certificate of solvency from the chief financial officer of the Borrower and the Responsible
Officer’s certificate required pursuant to Section 2.21(c)(ii) of the Credit Agreement; 
 (c) receipt by the
Administrative Agent of such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing the identity,
authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with the Amendment; 
 (d) receipt by the Administrative Agent of (i) new flood zone determinations and, if applicable, evidence of flood insurance, in each case to be reasonably satisfactory to the Administrative Agent,
in respect of any Eligible Real Property acquired after the Closing Date that the Borrower desires to include in the Borrowing Base (and not, for the avoidance of doubt, 

 
any Eligible Real Property and Eligible Machinery and Equipment included in the Borrowing Base on the Incremental Effective Date), (ii) duly executed amendments in respect of the Mortgages
to the extent necessary to maintain the liens and security interests of the Collateral Agent in the jurisdiction of such Mortgage and recordation fees necessary to cause such amendments to be duly filed in each applicable jurisdiction and
(iii) title searches with respect to Eligible Real Property, the results of which are reasonably satisfactory to the Collateral Agent; 
 (e) receipt by the Administrative Agent of an Incremental Effective Date borrowing base certificate; 
 (f) the elements of the Collateral and Guarantee Requirement required to be satisfied on the Incremental Effective Date shall have been satisfied, and the Administrative Agent shall have received a
completed perfection certificate, dated the Incremental Effective Date; 
 (g) the Administrative Agent shall have received all
documentation and other information that is (i) requested in writing not less than 10 business days prior to the Incremental Effective Date and (ii) required by regulatory authorities under applicable “know your customer” and
anti-money laundering rules and regulations, including without limitation the PATRIOT Act; 
 (h) the Borrower shall have paid
all invoiced accrued fees and out-of-pocket expenses of the Administrative Agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as sole lead arranger in respect of this Amendment (including the reasonable fees and expenses of
Shearman & Sterling LLP, counsel for the Administrative Agent and the sole lead arranger in respect of this Amendment); 
 (i) payment by the Borrower of all other fees and expenses required to be paid on or before the Incremental Effective Date as separately agreed in writing; 

(j) receipt by the Administrative Agent of a certificate from a Responsible Officer of the Borrower, in form and substance reasonably
satisfactory to the Administrative Agent and dated as of the Incremental Effective Date, certifying that (x) no Default or Event of Default has occurred and is continuing and (y) the representations and warranties set forth in the Credit
Agreement are true and correct in all material respects, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier
date; 
 (k) receipt by the Administrative Agent, on behalf of itself, the Lenders and each Issuing Bank on the Incremental
Effective Date, a favorable written opinion of (i) O’Melveny & Myers LLP, special New York counsel for the Loan Parties, (ii) Shumaker, Loop & Kendrick, LLP, special Florida counsel for the Loan Parties,
(iii) Scopelitis, Garvin, Light, Hanson & Feary, P.C., special Illinois counsel for the Loan Parties, (iv) Stone Pigman Walther Wittmann L.L.C., special Louisiana counsel for the Loan Parties, (v) Schnader Harrison
Segal & Lewis LLP, special Pennsylvania counsel for the Loan Parties, (vi) Davis LLP, special Canadian counsel for the Loan Parties, (vii) McGuire Woods LLP, special Virginia counsel for the Loan Parties and (viii) Vogel Law
Firm Ltd., special North Dakota counsel for the Loan Parties, in each case (A) dated the Incremental Effective Date, (B) addressed to the Administrative Agent, 

 
the Lenders and each Issuing Bank on the Incremental Effective Date and (C) in form and substance reasonably satisfactory to the Adminisatrative Agent and covering such other matters
relating to the Loan Documents as the Administrative Agent shall reasonably request; and 
 (l) the execution and delivery of a
master assignment and assumption agreement in form and substance reasonably satisfactory to the Administrative Agent by the Administrative Agent, the Borrower, the Lenders and the Incremental Revolving Facility Lenders. 

3. Incremental Assumption Agreement. By its execution of this Amendment, the Administrative Agent, each Lender that is also an
Incremental Revolving Facility Lender and the Loan Parties acknowledge and agree that this Amendment shall also serve as the Incremental Assumption Agreement required by Section 2.21 of the Credit Agreement in respect of the Incremental
Revolving Facility Commitments. Each Incremental Revolving Facility Lender, Holdings and the Borrower further agrees that the Incremental Revolving Facility Commitments shall be subject to all of the same terms and conditions as the Revolving
Facility Commitments and any loans made by the Incremental Revolving Facility Lenders shall be subject to the same terms and conditions as the Loans, in each case under the Credit Agreement and the other Loan Documents, and shall be subject in all
respects to the provisions of the Credit Agreement and the other Loan Documents. 
 4. Governing Law. This Amendment
shall be construed in accordance with and governed by the laws of the State of New York. 
 5. Binding Effect. This
Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns (it being understood, for the avoidance of doubt, that the amendments and modifications to the Credit Agreement
effected hereby shall be effective as to all Lenders, other Secured Parties and any other party thereto from time to time). 

6. Affirmation of Loan Parties. Each Loan Party hereby consents to the amendments and modifications to the Credit Agreement
effected hereby, and confirms and agrees that, notwithstanding the effectiveness of this Amendment, each Loan Document to which such Loan Party is a party is, and the obligations of such Loan Party contained in the Credit Agreement, as amended and
modified hereby, or in any other Loan Documents to which it is a party are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects, in each case as amended and modified by this Amendment. Without
limiting the generality of the foregoing, the Security Documents and all of the Collateral described therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents to the extent provided in the
Security Documents. 
 7. Reference to and Effect on the Credit Agreement and the Loan Documents. 

(a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in each of the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of
like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended and modified by this Amendment. 

 (b) The Credit Agreement and each of the other Loan Documents, as specifically amended and
modified by this Amendment are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender, any Issuing Bank, any
Swingline Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 
 (d) The Super Majority Lenders and the Loan Parties agree that this Amendment shall be a Loan Document for all purposes of the Credit Agreement (as specifically amended by this Amendment) and the other
Loan Documents. 
 8. Waiver, Modification, Etc. No provision or term of this Amendment may be modified, altered, waived,
discharged or terminated orally, but only by an instrument in writing executed by the party against whom such modification, alteration, waiver, discharge or termination is sought to be enforced or otherwise in accordance with the terms of the Credit
Agreement, including Section 9.08 thereof. 
 9. Severability. In the event any one or more of the provisions
contained in this Amendment or in any other Loan Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be
affected or impaired thereby. The parties shall endeavor in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid,
illegal or unenforceable provisions. 
 10. Headings. The Section headings used herein are for convenience of reference
only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment. 
 11. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall constitute an original but all of which, when taken together, shall constitute but one contract,
and shall become effective as provided in Section 2. Delivery of an executed counterpart to this Amendment by facsimile transmission (or other electronic transmission (e.g., a “pdf” or “tft”) pursuant to procedures approved
by the Administrative Agent) shall be as effective as delivery of a manually signed original. 
 [REMAINDER OF THIS PAGE
INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	 BANK OF AMERICA, N.A., as Administrative
 Agent

		
	By:	 	/s/ William DiCicco
		 	Name: William DiCicco
		 	Title:    Vice President
	
	BANK OF AMERICA, N.A., as Lender
		
	By:	 	/s/ William DiCicco
		 	Name: William DiCicco
		 	Title:    Vice President

 [Signature Page to QDI First Amendment] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	JPMORGAN CHASE BANK, as Lender
		
	By:	 	/s/ Eric A. Anderson
		 	 Name: Eric A. Anderson

Title:   Vice President

 [Signature Page to QDI First Amendment] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	SUNTRUST BANK, as Lender
		
	By:	 	/s/ Niget Fabien
		 	 Name: Niget Fabien
 Title:
  Vice President

 [Signature Page to QDI First Amendment] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	REGIONS BANK, as Lender
		
	By:	 	/s/ Curtis J. Correa
		 	 Name: Curtis J. Correa

Title:   Senior Vice President

 [Signature Page to QDI First Amendment] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	PNC BANK, N.A., as Lender
		
	By:	 	/s/ Sari Garrick
		 	 Name: Sari Garrick
 Title:
  Vice President

 [Signature Page to QDI First Amendment] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	ROYAL BANK OF CANADA, as Lender
		
	By:	 	/s/ J. Patchell
		 	 Name: J. Patchell
 Title:
  Attorney-in-fact

		
	By:	 	/s/ F. Mednika
		 	 Name: F. Mednika
 Title:
  Attorney-in-fact

 [Signature Page to QDI First Amendment] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	 BRANCH BANKING AND TRUST COMPANY,
 as Lender

		
	By:	 	/s/ Robert M. Searson
		 	 Name: Robert M. Searson

Title:   Senior Vice President

 [Signature Page to QDI First Amendment] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	GOLDMAN SACHS BANK USA, as Lender
		
	By:	 	/s/ Lauren Havens
		 	 Name: Lauren Havens
 Title:
  Authorized Signatory

 [Signature Page to QDI First Amendment] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	 CREDIT SUISSE AG, CAYMAN ISLANDS
 BRANCH, as Lender

		
	By:	 	/s/ Bill O’Daly
		 	 Name: Bill O’Daly

Title:   Director

		
	By:	 	/s/ Rahul Parmar
		 	 Name: Rahul Parmar
 Title:
  Associate

 [Signature Page to QDI First Amendment] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	 BORROWER
  

QUALITY DISTRIBUTION, LLC

		
	By:	 	/s/ Joseph J. Troy
		 	 Name: Joseph J. Troy
 Title:
  Executive Vice President and
             Chief Financial
Officer

	
	 OTHER LOAN PARTIES
  

QUALITY DISTRIBUTION, INC.

		
	By:	 	/s/ Joseph J. Troy
		 	 Name: Joseph J. Troy
 Title:
  Executive Vice President and
             Chief Financial
Officer

	
	 OTHER LOAN PARTIES
  

AMERICAN TRANSINSURANCE GROUP, INC.
 CHEMICAL
LEAMAN CORPORATION
 MEXICO INVESTMENTS, INC.
 POWER PURCHASING, INC.
 QC DRY BULK, LLC
 QC ENERGY RESOURCES, INC.
 QC ENERGY RESOURCES, LLC

QD CAPITAL CORPORATION
 QD RISK SERVICES,
INC.
 QUALE SYSTEMS, INC.
 QUALITY
CARRIERS, INC.

		
	By:	 	/s/ Joseph J. Troy
		 	Name: Joseph J. Troy
		 	 Title:   Executive Vice President and
             Chief Financial Officer

 [Signature Page to QDI First Amendment] 

 
			
	 QC ENVIRONMENTAL SERVICES, INC.
 (continued)

		
	By:	 	/s/ Joseph J. Troy
		 	 Name: Joseph J. Troy
 Title:
  Executive Vice President and Chief
             Financial
Officer

	
	QC ENERGY RESOURCES NORTHWEST, LLC
		
	By:	 	/s/ Joseph J. Troy
		 	 Name: Joseph J. Troy
 Title:
  Executive Vice President and
             Chief Financial
Officer

	
	 QC ENERGY RESOURCES TEXAS, LLC
 (continued)

		
	By:	 	/s/ Joseph J. Troy
		 	 Name: Joseph J. Troy
 Title:
  Executive Vice President and
             Chief Financial
Officer

	
	QC ENERGY LOGISTICS, LLC
		
	By:	 	/s/ Joseph J. Troy
		 	 Name: Joseph J. Troy
 Title:
  Executive Vice President and
             Chief Financial
Officer

 [Signature Page to QDI First Amendment] 

 
			
	QC BULK LOGISTICS, LLC (continued)
		
	By:	 	/s/ Joseph J. Troy
		 	 Name: Joseph J. Troy
 Title:
  Executive Vice President and
             Chief Financial
Officer

	
	BOASSO AMERICA CORPORATION
		
	By:	 	/s/ Joseph J. Troy
		 	 Name: Joseph J. Troy
 Title:
  Executive Vice President

	
	GREENSVILLE TRANSPORT COMPANY
		
	By:	 	/s/ Joseph J. Troy
		 	Name: Joseph J. Troy
		 	Title:   Executive Vice President

 [Signature Page to QDI First Amendment]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]