Document:

Form of 2.930% Subordinated Notes due 2041

 Exhibit 4.1 

[FORM OF 2.930% SUBORDINATED NOTES DUE 2041] 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERENCED AND REGISTERED IN THE NAME OF A DEPOSITORY OR A
NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM IN ACCORDANCE WITH THE PROVISIONS OF THE INDENTURE AND THE TERMS OF THIS SECURITY, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE TO
NOMINEES OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE. TRANSFER OF A PORTION OF THIS SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE. IN THE EVENT THAT THIS GLOBAL SECURITY IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, ALL SUCH INDIVIDUAL SECURITIES IN THE FORM OF DEFINITIVE CERTIFICATES SHALL CONTAIN
THE BELOW LEGEND WITH RESPECT TO JAPANESE TAXATION. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, TO
SUMITOMO MITSUI FINANCIAL GROUP, INC. (THE “ISSUER”) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE OR ANY PORTION HEREOF IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

INTEREST PAYMENTS ON THIS SECURITY WILL BE SUBJECT TO JAPANESE WITHHOLDING TAX UNLESS IT IS ESTABLISHED THAT THIS SECURITY IS HELD BY OR FOR
THE ACCOUNT OF A BENEFICIAL OWNER THAT IS (I) FOR JAPANESE TAX PURPOSES, NEITHER AN INDIVIDUAL RESIDENT OF JAPAN OR A JAPANESE CORPORATION, NOR AN INDIVIDUAL NON-RESIDENT OF JAPAN OR A NON-JAPANESE CORPORATION THAT IN EITHER CASE IS A PERSON HAVING A SPECIAL RELATIONSHIP WITH THE ISSUER AS DESCRIBED IN ARTICLE 6, PARAGRAPH (4) OF THE ACT ON SPECIAL MEASURES CONCERNING TAXATION OF JAPAN (ACT
NO. 26 OF 1957, AS AMENDED) (THE “SPECIAL TAXATION MEASURES ACT” AND, EACH SUCH PERSON, A “SPECIALLY-RELATED PERSON OF THE ISSUER”), (II) A JAPANESE FINANCIAL INSTITUTION DESIGNATED IN ARTICLE 6, PARAGRAPH
(11) OF THE SPECIAL TAXATION MEASURES ACT WHICH COMPLIES WITH THE REQUIREMENT FOR TAX EXEMPTION UNDER THAT PARAGRAPH OR (III) A JAPANESE PUBLIC CORPORATION, A JAPANESE FINANCIAL INSTITUTION OR A JAPANESE FINANCIAL INSTRUMENTS BUSINESS
OPERATOR DESCRIBED IN ARTICLE 3-3, PARAGRAPH (6) OF THE SPECIAL TAXATION MEASURES ACT WHICH COMPLIES WITH THE REQUIREMENT FOR TAX EXEMPTION UNDER THAT PARAGRAPH. 

INTEREST PAYMENTS ON THIS SECURITY TO AN INDIVIDUAL RESIDENT OF JAPAN, TO A JAPANESE CORPORATION (EXCEPT AS DESCRIBED IN THE PRECEDING
PARAGRAPH), OR TO AN INDIVIDUAL NON-RESIDENT OF JAPAN OR A NON-JAPANESE CORPORATION THAT IN EITHER CASE IS A SPECIALLY-RELATED PERSON OF THE ISSUER WILL BE SUBJECT TO
DEDUCTION IN RESPECT OF JAPANESE INCOME TAX AT A RATE OF 15.315% (15% ON OR AFTER JANUARY 1, 2038) OF THE AMOUNT OF SUCH INTEREST. 

 SUMITOMO MITSUI FINANCIAL GROUP, INC. 

GLOBAL SECURITY 
 2.930%
Subordinated Notes due 2041 
  

			
	No. [     ]    	  	U.S.$[                ]
	CUSIP No. 86562M CK4	  	
	ISIN US86562MCK45	  	
	Common Code 238728002	  	

 Sumitomo Mitsui Financial Group, Inc., a joint stock company (kabushiki kaisha) incorporated under the
laws of Japan (the “Issuer”, which term includes any successor under the Indenture referred to on the reverse of this Security) for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal
sum of [                ] U.S. Dollars on September 17, 2041 and to pay interest thereon from September 17, 2021 or from the most recent interest payment date
to which interest has been paid or duly provided for, semiannually in arrears on March 17 and September 17 in each year (each, an “Interest Payment Date”) commencing March 17, 2022 at the rate per annum of
2.930%, until the principal hereof is paid or made available for payment, all subject to and in accordance with the terms of the Indenture. The semiannual interest to be paid on the Securities will amount to U.S.$14.65 per U.S.$1,000 in nominal
amount of the Securities. 
 For the purposes of this Security, the term “Business Day” means any day which is not a day on
which banking institutions in The City of New York, London or Tokyo are authorized or required by law, regulation or executive order to close. 

The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to
the person in whose name this Security is registered as of the close of business on the fifteenth day before the Interest Payment Date (whether or not a Business Day). If and to the extent the Issuer shall default in the payment of the interest due
on such Interest Payment Date, such defaulted interest shall be paid to the person in whose name this Security is registered at the close of business on a subsequent record date (which date shall not be less than five Business Days prior to the date
of payment of such defaulted interest), established by notice given by mail by or on behalf of the Issuer to the Holder of this Security not less than 15 days preceding such subsequent record date. Interest on this Security will accrue from the date
of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year consisting of twelve
30-day months. If any payment is due on the Securities on a day that is not a Business Day, payment will be made on the day that is the next succeeding Business Day without any additional interest as a result
of such delay. Payments postponed to the next Business Day in this situation will be treated under the Indenture as if they were made on the original due date. Postponement of this kind will not result in a default under the Securities or the
Indenture, and no interest will accrue on the postponed amount from the original due date to the next succeeding day that is a Business Day. 

 The principal of, and interest and Additional Amounts on, the Securities will be payable in
U.S. dollars. The Issuer will cause the Trustee, or the paying agent, if any, to pay such amounts, on the dates payment is to be made, directly to The Depository Trust Company (“DTC”). 

The Issuer will pay the Holder hereof Additional Amounts with respect to withholding taxes as are provided for, and subject to the conditions
stated, on the reverse of this Security. 
 This Security is being deposited with DTC acting as depository, and registered in the name of
Cede & Co., a nominee of DTC. As Holder of record of this Security, Cede & Co. shall be entitled to receive payments of principal and interest. Payments of principal and interest, including any Additional Amounts, on this Security
shall be made in the manner specified on the reverse hereof and, to the extent not inconsistent with the provisions set forth herein, in the Indenture referred herein. 

The Securities constitute the direct and unsecured obligations of the Issuer and shall at all times rank pari passu and without any
preference among themselves, and rank at least equally and ratably with all indebtedness of the Issuer that is subordinated to Senior Indebtedness, as defined in the Indenture, and stand in priority to all of the Issuer’s perpetual subordinated
indebtedness, including indebtedness in respect of preference or other shares of the Issuer or any other indebtedness that ranks, or is expressed to rank, pari passu with, or junior to, indebtedness of the Issuer in respect of perpetual
subordinated indebtedness. The Securities are not redeemable prior to maturity, except as set forth on the reverse of this Security and will not be subject to any sinking fund. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been manually executed
by or on behalf of the Trustee under the Indenture, this Security shall not be entitled to any benefits under the Indenture or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the Issuer has caused this Security to be duly executed. 

Date:                 , 2021 

 

			
	 SUMITOMO MITSUI FINANCIAL
GROUP, INC.

		
	 By:
	 	     

		 	Name:  [                    ]
		 	Title:    [                    ]

 [Signature page to Global Security 20-year Subordinated Note No.
[    ]] 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated herein and referred to in the within-mentioned Indenture. 

Date: September 17, 2021 
  

			
	 The Bank of New York Mellon,
 as
Trustee

		
	 By:
	 	  

		 	Name:
		 	Title:

 [Authentication Certificate: Global Security 20-year Subordinated
Note No. [    ]] 

 [REVERSE OF SECURITY] 

Sumitomo Mitsui Financial Group, Inc. 

2.930% Subordinated Notes due 2041 

This Security is one of a duly authorized issue of unsecured bonds, debentures, notes or other evidences of indebtedness of Sumitomo Mitsui
Financial Group, Inc., a joint stock company (kabushiki kaisha) organized under the laws of Japan (herein called the “Issuer”, which term includes any successor person under the Indenture hereinafter referred) designated as
its 2.930% Subordinated Notes due 2041 (herein called the “Securities”), issued under and pursuant to a subordinated indenture dated as of September 17, 2019 (hereinafter called the “Indenture”), between the
Issuer and The Bank of New York Mellon, as trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and any other indentures supplemental thereto reference is hereby
made for a statement of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee and any agent of the Trustee, any paying agent, the Issuer and the Holders of the Securities and of the terms upon
which the Securities are issued and are to be authenticated and delivered. 
 This Security is one of the series designated on the face
hereof. By the terms of the Indenture, additional Securities of this series and of other separate series, which may vary as to denomination, date, amount, stated maturity (if any), interest rate or method of calculating the interest rate and in
other respects as therein provided, may be issued in an unlimited amount. 
 The principal of and interest (and any Additional Amounts) on
the Securities shall be payable in U.S. Dollars or in such other coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts. So long as any of the Securities are held in
global form, payments of principal and interest on such Securities shall be made by wire transfer in immediately available funds in U.S. Dollars to a bank account in The City of New York designated by the Holder of this Registered Global Security.
Otherwise, (i) the principal amount of the Securities will be payable by check, drawn on a bank in The City of New York, upon the presentation and surrender of the Securities at the Corporate Trust Office of the Trustee or at any office or
agency maintained by the Issuer for such purpose and (ii) interest on the Securities will be payable by check, drawn on a bank in The City of New York, mailed to the persons in whose names the Securities are registered as of the close of
business on the record date which is at least five Business Days preceding the applicable Interest Payment Date (or the subsequent record date in the case of a defaulted interest payment) at the addresses of such persons as shall appear in the
Security register of the Issuer; provided, however, that at the option of a Holder in whose name at least U.S.$1,000,000 principal amount of Securities are registered, all payments in respect of the Securities may be received by wire transfer in
immediately available funds to a bank account in The City of New York designated by such Holder in a written notice received by the Trustee (a) in the case of an interest payment, prior to the record date which is at least five Business Days
preceding the Interest Payment Date on which such payment is due and (b) in the case of payment of principal, prior to the record date which is at least five Business Days preceding the date of redemption or maturity, as the case may be;
provided, however, that in the case of such a payment of principal, the Securities shall have been surrendered to the Trustee at the Corporate Trust Office of the Trustee or at any office or agency maintained by the Issuer for such purpose for
payment together with such notice. 

 All payments of principal and interest in respect of the Securities will be made by the
Issuer without withholding or deduction for or on account of any present or future taxes, duties, assessments or other governmental charges of whatever nature imposed or levied by or on behalf of Japan, or any authority thereof or therein having
power to tax (“Taxes”) unless such withholding or deduction is required by law. In such event, the Issuer shall pay to a Holder such additional amounts (“Additional Amounts”) as will result in the receipt by the
Holder of such amounts as would have been received by it had no such withholding or deduction been required, except that no such Additional Amounts shall be payable with respect to any Securities under any of the following circumstances: 

 

	 	(i)	 the Holder or beneficial owner of the Securities is an individual
non-resident of Japan or a non-Japanese corporation and is liable for such Taxes in respect of such Securities by reason of its (A) having some connection with
Japan other than the mere holding of such Securities or (B) being a person having a special relationship with the Issuer as described in Article 6, paragraph (4) of the Act on Special Measures Concerning Taxation of Japan (Act No. 26
of 1957, as amended) (the “Special Taxation Measures Act” and, each such person, a “specially-related person of the Issuer”); 

 

	 	(ii)	 the Holder or beneficial owner of the Securities would otherwise be exempt from any such withholding or
deduction but fails to comply with any applicable requirement to provide Interest Recipient Information (as defined below) or to submit a Tax Exemption Application (as defined below) to the relevant paying agent to whom the relevant Securities are
presented (where presentation is required), or whose Interest Recipient Information is not duly communicated through the relevant Participant (as defined below) and the relevant international Clearing Organization to such paying agent;

  

	 	(iii)	 the Holder or beneficial owner of the Securities is for Japanese tax purposes treated as an individual resident
of Japan or a Japanese corporation (except for (A) a Designated Financial Institution (as defined below) that complies with the requirement to provide Interest Recipient Information or to submit a Tax Exemption Application and (B) an
individual resident of Japan or a Japanese corporation that duly notifies (directly or through the relevant Participant or otherwise) the relevant paying agent of its status as not being subject to withholding or deduction by the Issuer by reason of
receipt by such individual resident of Japan or Japanese corporation of interest on the relevant Securities through a payment handling agent in Japan appointed by it); 

	 	(iv)	 the withholding or deduction is imposed on a payment pursuant to European Council Directive 2003/48/EC or any
other directive amending, supplementing or implementing such Directive, or any law implementing such directives; 

  

	 	(v)	 the Securities are presented for payment (where presentation is required) more than 30 days after the day on
which such payment on the Securities became due or after the full payment was provided for, whichever occurs later, except to the extent that the Holder thereof would have been entitled to Additional Amounts on presenting the same for payment on the
last day of such period of 30 days; 

  

	 	(vi)	 the withholding or deduction is imposed on a Holder or beneficial owner who could have avoided such withholding
or deduction by presenting its Securities (where presentation is required) to another paying agent maintained by the Issuer; 

  

	 	(vii)	 the Holder is a fiduciary or partnership or is not the sole beneficial owner of the payment of the principal
of, or any interest on, any Security, and Japanese law requires the payment to be included for tax purposes in the income of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner, in each case,
who would not have been entitled to such Additional Amounts had it been the Holder of such Security; or 

  

	 	(viii)	 any combination of the above. 

No Additional Amounts will be payable for or on account of any deduction or withholding imposed pursuant to Sections 1471-1474 of the U.S.
Internal Revenue Code and the U.S. Treasury regulations thereunder (“FATCA”), any intergovernmental agreement entered into with respect to FATCA, or any law, regulation or other official guidance enacted or published in any
jurisdiction implementing, or relating to, FATCA or any intergovernmental agreement. 
 Where Securities are held through a participant of
an international Clearing Organization or a financial intermediary (each, a “Participant”), in order to receive payments free of withholding or deduction by the Issuer for or on account of Taxes, if the relevant beneficial owner is
(A) an individual non-resident of Japan or a non-Japanese corporation (other than a specially-related person of the Issuer) or (B) a Japanese financial
institution falling under certain categories prescribed by the Special Taxation Measures Act (a “Designated Financial Institution”), each such beneficial owner shall, at the time of entrusting a Participant with the custody of the
relevant Securities, provide certain information prescribed by the Special Taxation Measures Act to enable the Participant to establish that such beneficial owner is exempted from the requirement for withholding or deduction of such Taxes
(“Interest Recipient Information”), and advise the Participant if the beneficial owner ceases to be so exempted (including the case in which a beneficial owner who is an individual
non-resident of Japan or a non-Japanese corporation becomes a specially-related person of the Issuer). 

 Where Securities are not held through a Participant, in order to receive payments free of
withholding or deduction by the Issuer for, or on account of, Taxes, if the relevant beneficial owner is (A) an individual non-resident of Japan or a non-Japanese
corporation (other than a specially-related person of the Issuer) or (B) a Designated Financial Institution, each such beneficial owner shall, prior to each time at which it receives interest, submit to the relevant paying agent a written
application for tax exemption (hikazei tekiyo shinkokusho) (a “Tax Exemption Application”), in a form obtainable from the paying agent stating, inter alia, the name and address (and, if applicable, the Japanese
individual or corporation ID number) of the beneficial owner, the title of the Securities, the relevant Interest Payment Date, the amount of interest and the fact that the beneficial owner is qualified to submit the Tax Exemption Application,
together with documentary evidence regarding its identity and residence. 
 By subscribing to the Securities as part of the distribution by
the underwriters under the applicable underwriting agreement, an investor shall be deemed to have represented that it is a beneficial owner who is, (i) for Japanese tax purposes, neither an individual resident of Japan or a Japanese
corporation, nor an individual non-resident of Japan or a non-Japanese corporation that in either case is a specially-related person of the Issuer or (ii) a
Designated Financial Institution. 
 The Issuer shall make any required withholding or deduction and remit the full amount withheld or
deducted to the Japanese taxing authority in accordance with applicable law. The Issuer shall use reasonable efforts to obtain certified copies of tax receipts evidencing the payment of any tax, duty, assessment, fee or other governmental charge so
withheld or deducted from the Japanese taxing authority imposing such tax, duty, assessment or other governmental charge, and if certified copies are not available, the Issuer shall use reasonable efforts to obtain other evidence satisfactory to the
Trustee, and the Trustee shall make such certified copies or other evidence available to the Holders upon reasonable request to the Trustee. 

If (i) subsequent to making a payment on this Security without withholding or deduction of Japanese taxes the Issuer is required to remit
to the Japanese taxing authority any amount in respect of Japanese taxes that should have been withheld or deducted from such payment (together with any interest and penalties) due to the failure of the beneficial owner to provide accurate Interest
Recipient Information or to otherwise properly claim an exemption from Japanese taxes imposed with respect to such payment, and (ii) such beneficial owner would not have been entitled to receive Additional Amounts with respect to such payment
had Japanese taxes been withheld from the payment when it was made, such beneficial owner (but not any subsequent beneficial owner of such Security) shall be required to reimburse the Issuer, in Japanese yen, for the amount remitted by the Issuer to
the Japanese taxing authority. 

 The obligation to pay Additional Amounts with respect to any taxes, duties, assessments or
other governmental charges shall not apply to (A) any estate, inheritance, gift, sales, transfer, personal property or any similar tax, duty, assessment, fee or other governmental charge or (B) any tax, duty, assessment, fee or other
governmental charge which is payable otherwise than by withholding or deduction from payments of principal of or interest on this Security; provided that, except as otherwise set forth herein and in the Indenture, the Issuer shall pay all stamp,
court or documentary taxes or any excise or property taxes, charges or similar levies and other duties, if any, which may be imposed by Japan, the United States or any political subdivision or any taxing authority thereof or therein, with respect to
the execution and enforcement of the Indenture or as a consequence of the initial issuance, execution, delivery or registration of this Security. 

The Securities may be redeemed at the option of the Issuer, in whole, but not in part, at any time, subject to prior confirmation of the
Financial Services Agency of Japan (the “FSA”), if such confirmation is required under the Applicable Banking Regulations, on giving not less than 30 nor more than 60 days’ notice of redemption to the Holders (which notice
shall be irrevocable and shall conform to all requirements with respect to such notice as set forth in the Indenture) at a redemption price equal to 100% of the principal amount of the Securities together with any accrued and unpaid interest
(including Additional Amounts with respect thereto, if any) to (but excluding) the date fixed for redemption, if (i) the Issuer is or will be obliged to pay Additional Amounts as described above or (ii) there is more than an insubstantial
risk that, for Japanese corporate tax purposes, any portion of the interest payable on the Securities is not or will not be deductible from the Issuer’s taxable income or is or will be required to be deducted from the amount to be excluded from
the Issuer’s taxable gross receipts, in each case of (i) and (ii) above, as a result of any change in, or amendment to, the laws or regulations of Japan or any political subdivision or any authority thereof or therein having power to tax,
or any change in application or official interpretation of such laws or regulations, which change or amendment becomes effective on or after the date of the issuance of the Securities and such obligation cannot be avoided by the Issuer through the
taking of reasonable measures available to the Issuer, provided that, in the case of (i) above, no such notice of redemption shall be given sooner than 90 days prior to the earliest date on which the Issuer would be obliged to pay such
Additional Amounts were a payment then due in respect of the Securities. 
 The Securities may be redeemed at the option of the Issuer, in
whole, but not in part, at any time, subject to prior confirmation of the FSA, if such confirmation is required under the Applicable Banking Regulations, on giving not less than 30 nor more than 60 days’ notice of redemption to the Holders of
the Securities (which notice shall be irrevocable and shall conform to the requirements with respect to such notice set forth in the Indenture) at a redemption price equal to 100% of the principal amount of the Securities together with any accrued
and unpaid interest (including Additional Amounts with respect thereto, if any) to (but excluding) the date fixed for redemption, if, as a result of any change in, or amendment to, the Applicable Banking Regulations, which change or amendment
becomes effective on or after the issuance date of the Securities, the Issuer determines after consultation with the FSA that there is more than an insubstantial risk that the Securities will be fully excluded from the Issuer’s Tier 2 Capital
under the applicable standards set forth in the Applicable Banking Regulations and such exclusion cannot be avoided by the Issuer through the taking of reasonable measures available to the Issuer. 

 “Tier 2 Capital” means, any and all items constituting Tier 2 capital as
defined in the Applicable Banking Regulations. 
 “Applicable Banking Regulations” means, at any time, the capital adequacy
regulations, public ministerial announcements, guidelines and policies then in effect of the FSA or other governmental authority that are applicable to the Issuer, including, without limitation, the Public Ministerial Announcement (kokuji
(No. 20 of the FSA Public Ministerial Announcement of 2006, as amended)). 
 Upon the occurrence of a
Non-Viability Event, the following will occur on the Write-Down Date (as defined below): (i) the full principal amount of the Security, except for principal that has become due and payable prior to the
occurrence of the Non-Viability Event, will be permanently written down to zero and the Security will be canceled; and (ii) each Holder of the Security will be deemed to have irrevocably waived its right
to claim or receive, and will not have any rights against the Issuer or the Trustee with respect to, the payment of principal of or interest on the Security (including Additional Amounts with respect thereto, if any), except for any payments of
principal or interest (including Additional Amounts with respect thereto, if any) that have become due and payable prior to the occurrence of a Non-Viability Event (a “Write-Down”). A
Write-Down shall happen automatically and without any additional action by the Issuer, the Trustee or the Holder or beneficial owner of the Securities. Each Holder and beneficial owner of a Security by its acceptance thereof, authorizes and directs
the Trustee and the Agents on its behalf to take such action as may be necessary or appropriate to effectuate the Write-Down and appoints the Trustee as its
attorney-in-fact for any and all such purposes. 
 A
“Non-Viability Event” will be deemed to have occurred when the Prime Minister of Japan, following deliberation by Japan’s Financial Crisis Response Council pursuant to the Deposit
Insurance Act of Japan (Act No. 34 of 1971, as amended) (the “Deposit Insurance Act”) confirms (nintei) that “specified Item 2 measures (tokutei dai nigo sochi),” which are the measures set forth in
Article 126-2, Paragraph 1, Item 2 of the Deposit Insurance Act (including any successor articles thereto), as then in effect, need to be applied to the Issuer under circumstances where the Issuer’s
liabilities exceed or are likely to exceed its assets, or the Issuer has suspended or is likely to suspend payment of its obligations. 

The Issuer’s obligations with respect to, and any claims for, the payment of principal of or interest on the Security (including
Additional Amounts with respect thereto, if any), except for payments of principal or interest (including Additional Amounts with respect thereto, if any) that have become due and payable prior to the occurrence of a
Non-Viability Event, will be suspended from the occurrence of such Non-Viability Event until the Write-Down Date. 

 The Issuer, the Trustee, the Agents and each Holder or beneficial owner of the Securities
acknowledge that, following the receipt of a Write-Down Notice (as defined below) by DTC and the commencement of the Suspension Period, DTC will suspend all clearance and settlement of the Securities through DTC for the duration of the Suspension
Period. 
 “Suspension Period” means the period commencing on the New York Banking Day immediately following the date on
which the relevant Write-Down Notice is received by DTC (except that such period may commence on the second New York Banking Day immediately following the day on which the Write-Down Notice is received by DTC, if DTC so determines in its discretion
in accordance with its rules and procedures) and ending on the Write-Down Date. 
 “New York Banking Day” means any day
except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or required by law or executive order to close. 

Any Holder of the Security by acceptance of the Security thereby agrees that if any payment on the Security is made to such Holder with
respect to a payment obligation that did not become due and payable prior to the occurrence of a Non-Viability Event, then the payment of such amount shall be deemed null and void and such Holder shall be
obliged to return the amount of such payment within ten days after receiving notice of the payment. 
 Notwithstanding anything to the
contrary in the Indenture or the Securities, upon the occurrence of a Non-Viability Event, (a) no Holder or beneficial owner shall have any rights whatsoever under the Indenture or this Security to take
any action or enforce any rights or to instruct the Trustee to take any action or enforce any rights whatsoever, (b) except for any indemnity or security provided by a Holder or beneficial owner in such instruction or related to such
instruction, any instruction previously given to the Trustee by such Holder or beneficial owner shall cease automatically and shall be deemed null and void and of no further effect, (c) no Holder or beneficial owner may exercise, claim or plead
any right of set-off, compensation or retention in respect of any amount owed to it by the Issuer arising under, or in connection with, this Security and each Holder or beneficial owner of the Security will,
by virtue of its holding of such Security, be deemed to have irrevocably waived all such rights of set-off, compensation or retention and (d) no Holder or beneficial owner will be entitled to make any
claim in any bankruptcy, insolvency or liquidation proceedings involving the Issuer or have any ability to initiate or participate in any such proceedings or do so through a representative; provided that nothing in this paragraph will limit a
Holder’s or beneficial owner’s rights with respect to payments of principal of or interest on the Security (including Additional Amounts with respect thereto, if any) that have become due and payable prior to the occurrence of the Non-Viability Event. 

 The Issuer shall, on the date of or as soon as practicable after the occurrence of the Non-Viability Event, deliver written notice to Holders and beneficial owners of the Securities through DTC and to the Trustee and the Agents (a “Write-Down Notice”) confirming the occurrence of such
Non-Viability Event and specifying the date on which the Write-Down of the Securities shall become effective (the “Write-Down Date”), which date shall be determined by the Issuer in
consultation with the FSA and any other applicable supervisory authorities and will be no less than one and no more than ten Business Days following the date of the Write-Down Notice. Any failure or delay by the Issuer to deliver a Write-Down Notice
will not change or delay the effect of the occurrence of a Non-Viability Event on the Issuer’s payment and other obligations under such Securities. 

A Holder of Securities issued in definitive form may transfer or exchange Securities in accordance with the Indenture. As described in the
legend on the face of this global Security, interest payments on such Securities issued in definitive form will be subject to Japanese income taxation unless the Holder establishes the matters set forth therein. Such legend concerning Japanese
taxation shall also be included on the face of any Securities issued in definitive form. The security registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents, and to pay any
taxes and fees required by law or permitted by the Indenture. The Issuer will treat the registered Holder of a Security as the owner of that Security for all purposes, except as described above. 

The indebtedness evidenced by this Security is, to the extent provided in Article 12 of the Indenture, subordinate and subject in right of
payment to the prior payment in full of Senior Indebtedness, and this Security is issued subject to the provisions of the Indenture with respect thereto. Such provisions include an agreement by the Holder of this Security that (i) if any
payment on this Security is made to such Holder with respect to a payment obligation that did not become due and payable prior to the occurrence of a Subordination Event and the amount of such payment shall exceed the amount, if any, that should
have been paid to such Holder upon the proper application of the subordination provisions of this Security, the payment of such excess amount shall be deemed null and void and such Holder shall be obligated to return the amount of the excess payment
within ten days after receiving notice of the excess payment and (ii) upon the occurrence of a Subordination Event and so long as such Subordination Event shall continue (and in the case of civil rehabilitation proceedings, so long as neither a
Summary Rehabilitation Order nor Consent Rehabilitation Order shall have been issued), such Holder shall not be entitled to exercise any right to set off any liabilities of the Issuer under this Security (except for such amounts which have become
due and payable other than by way of acceleration, prior to the occurrence of the Subordination Event) against any liabilities of such Holder owed to the Issuer unless and until the Conditions for Payment (as defined in the Indenture) corresponding
to the Subordination Event shall have been fulfilled. Each Holder of this Security, accepting the same, (a) agrees to and shall be bound by such provisions, (b) authorizes and directs the Trustee on behalf of such Holders to take such
action as may be necessary or provided pursuant to the Indenture and (c) appoints the Trustee as such Holder’s attorney-in-fact for any and all such purposes.

 The Indenture permits, with certain exceptions as therein provided, the amendment thereof
and the modification of the rights and obligations of the Issuer and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Issuer and the Trustee with the consent of the Holders of not less
than a majority in aggregate principal amount of the Securities at the time Outstanding of all series to be affected (voting as one class). The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal
amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Issuer with certain provisions of the Indenture and certain past defaults under the Indenture and
their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in
exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As provided in the
Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable, upon surrender of this Security for registration of transfer at the office or agency of the Issuer in any place where the principal of and
interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Issuer and the security registrar duly executed by, the Holder hereof or his attorney duly authorized in writing
and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in denominations of U.S.$2,000 and integral multiples of
U.S.$1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a
different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such
registration of transfer or exchange; provided, however, the Issuer may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may
deem and treat the person in whose name this Security is registered upon the Security register as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Issuer nor the Trustee nor any such agent shall be affected
by notice to the contrary. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or
impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place and rate, and in the coin or currency, as herein prescribed. For the avoidance of doubt, nothing in
the immediately preceding sentence shall be construed to impair the effectiveness of the subordination provisions or non-viability loss absorption provisions set forth in the Indenture or the Securities. 

This Security is governed by and shall be construed in accordance with the laws of the State of New York. 

All capitalized terms used and not defined herein shall have the meanings assigned to them in the Indenture.Exhibit 10.1

 

September 15, 2021

 

Ms. Tracy Pearson

1508 Jones Road

Roswell, GA 30075

 

		RE:	Separation Agreement

 

Dear Tracy:

 

This Separation Agreement (the “Agreement”)
constitutes an agreement between you and Veritiv Operating Company (the “Company”) on the terms of your separation from employment
with us. As used in this Agreement, the Company shall also include Veritiv Corporation and its subsidiaries and affiliates and any of
their predecessors (including but not limited to Unisource Worldwide, Inc. and xpedx, LLC). Unless otherwise expressly defined herein,
all capitalized terms used herein shall have the meanings set forth for such terms in the Veritiv Corporation Executive Severance Plan
(the “Severance Plan”).

 

1.            Your
last day of employment and Date of Termination was August 1, 2021. You will be paid the Accrued Benefits through the Date of Termination
in accordance with the Severance Plan. You acknowledge that, except as expressly provided in this Agreement or as otherwise required by
applicable law, you will not receive any additional compensation, severance or other benefits of any kind following the Date of Termination.

 

2.            In
connection with your separation of employment, you will resign all of your positions at the Company as of the Date of Termination, and
you will execute such additional documents as requested by the Company to evidence the foregoing. You further agree to cooperate with
the Company with regard to any legal or regulatory matters as the Company may reasonably request.

 

3.            In
consideration for your execution of the General Release in the form attached hereto as Appendix A (“Release”) and the other
promises contained herein, you will receive: (1) the compensation and benefits described in Section 4(a) of the Severance
Plan arising from a Qualified Termination by the Company not in connection with a Change in Control; (2)  your full-year 2021 Annual
Incentive Plan (AIP) bonus based on 100% individual performance and actual full-year 2021 company performance as approved by the Compensation
and Leadership Development Committee of the Company’s Board of Directors; and (3) a one-time lump sum cash payment of two hundred
and forty thousand dollars and zero cents (“$240,000.00”). Your 2021 AIP bonus shall be paid at the same time that 2021 AIP
bonuses are paid to other senior executives of the Company under the AIP. The Company shall pay the one-time lump-sum cash payment ten
(10) days after receipt of your executed Release and the end of the revocation period. Any and all amounts payable and benefits contemplated
by this Agreement will only be payable if you (i) execute the Release and deliver it to the Company within forty-five (45) days of
the Date of Termination, and (ii) do not revoke the Release.

 

     

      

    

 

4.            The
Company and you agree not to make or publish, or cause to be made or published (including on-line), any derogatory or disparaging statements,
remarks or writing about each other. For purposes of the Company, this term shall apply to the Company’s products, businesses, services,
or current or former officers, directors and employees. Nothing herein shall prohibit you or the Company from making truthful statements
in connection with any litigation, arbitration, deposition or other legal proceeding, or as may be required by law, any subpoena or any
governmental or quasi-governmental authority.

 

5.            You
acknowledge and agree to comply with any and all continuing obligations you owe to the Company under agreements relating to nondisclosure
of confidential information, non-competition, inventions or intellectual property, or other restrictive covenants, as amended in the Release,
and you further acknowledge and agree that payments under the Severance Plan are expressly conditioned upon compliance with such agreements.

 

6.            This
Agreement, the Release attached hereto, and the Severance Plan, along with any agreements referenced in any of the foregoing, constitute
the entire agreement between you and the Company with respect to the subject matter hereof and supersede any and all prior agreements
or understandings between you and the Company with respect to the subject matter hereof, whether written or oral. You agree that you have
not relied upon any representations, promises or agreements of any kind except those set forth herein in signing this Agreement. In the
event that any provision of this Agreement should be held to be invalid or unenforceable, each and all of the other provisions of this
Agreement will remain in full force and effect. If any provision of this Agreement is found to be invalid or unenforceable, such provision
will be modified as necessary to permit this Agreement to be upheld and enforced to the maximum extent permitted by law. This Agreement
will be governed by and construed in accordance with the laws of the State of Delaware, without regard to conflicts of laws principles.
This Agreement may be executed by the parties hereto in counterparts (including by means of facsimile or other electronic transmission),
each of which will be deemed an original, but all of which taken together will constitute one original instrument.

 

To
accept this Agreement, please date and sign this letter below and the General Release and return both documents to Tony Ventry
(tony.ventry@veritivcorp.com) for the Company’s records.

 

Best regards,

 

/s/ Salvatore A. Abbate

Sal Abbate

CEO

 

By signing this Agreement, I agree
that I have read the entire Agreement, understand its meaning, and voluntarily agree to its terms. I also understand that this Agreement
is a legal document, and by signing it I am giving up certain legal rights. The Company advised me to consult with an attorney, I
had enough time to obtain independent counsel and I did consult with counsel, who assisted and advised me in connection with negotiating
this Agreement and the Release attached hereto.

 

    2 

      

    

 

	/s/ Tracy L. Pearson	 
	Employee Signature	 
	 	 
	Tracy L. Pearson	 
	Print Name	 
	 	 
	9/15/2021	 
	Date	 

 

Encl. Appendix A, General Release

 

    3 

      

    

 

APPENDIX
A

GENERAL RELEASE

 

This General Release (this “Release”)
is entered into by and between Tracy Pearson (“Executive”) and Veritiv Corporation (the “Company”)
as of the ____day of September 2021.

 

1.            Employment
Status. Executive’s employment with the Company and its affiliates terminated effective
as of August 1, 2021 (the “Termination Date”). As used in this Release, the term “affiliate” will
mean any entity controlled by, controlling, or under common control with, the Company.

 

2.            Payments
and Benefits. Upon the effectiveness of the terms set forth herein, the Company will provide
Executive with: (1) the compensation and benefits set forth in Section 4(a) of the Veritiv Corporation Executive Severance
Plan (the “Severance Plan”) arising from a Qualified Termination by the Company not in connection with a Change in
Control (as such terms are defined in the Severance Plan), upon the terms, and subject to the conditions, of the Severance Plan and the
Separation Agreement between Executive and the Company dated as of September 13, 2021 (“Separation Agreement”); (2) your
full-year 2021 Annual Incentive Plan (AIP) bonus based on 100% individual performance and actual full year 2021 Company performance as
approved by the Compensation and Leadership Development Committee of the Company’s Board of Directors; and (3) a one-time lump
sum cash payment of two hundred and forty thousand dollars (“$240,000.00”), all upon the terms, and subject to the conditions
of the Separation Agreement.

 

3.            No
Admission of Liability. This Release does not constitute an admission by the Company or its affiliates
or their respective officers, directors, partners, agents, or employees, or by Executive, of any unlawful acts or of any violation of
federal, state or local laws.

 

4.            (a) Claims
Released by Executive. In consideration of the payments and benefits set forth in the Separation
Agreement and Section 4(a) of the Severance Plan, Executive for himself/herself, his/her heirs, administrators, representatives,
executors, successors and assigns (collectively, “Releasors”) does hereby irrevocably and unconditionally release,
acquit and forever discharge the Company, its respective affiliates and their respective predecessors, successors and assigns (the “Veritiv
Group”) and each of its officers, directors, partners, agents, and former and current employees, including without limitation
all persons acting by, through, under or in concert with any of them (collectively, “Releasees”), and each of them,
from any and all claims, demands, actions, causes of action, costs, expenses, attorney fees, and all liability whatsoever, whether known
or unknown, fixed or contingent, which Executive has, had, or may ever have against the Releasees relating to or arising out of Executive’s
employment or separation from employment with the Veritiv Group, from the beginning of time and up to and including the date Executive
executes this Release. This Release includes, without limitation: (a) law or equity claims; (b) contract (express or implied)
or tort claims; (c) claims for wrongful discharge, retaliatory discharge, whistle blowing, libel, slander, defamation, unpaid compensation,
wage and hour violations, intentional infliction of emotional distress, fraud, public policy contract or tort, and implied covenant of
good faith and fair dealing, whether based in common law or any federal, state or local statute; (d) claims under or associated with
any of the Veritiv Group’s incentive compensation plans or arrangements; (e) claims arising under any federal, state, or local
laws of any jurisdiction that prohibit age, sex, race, national origin, color, disability, religion, veteran, military status, sexual
orientation, or any other form of discrimination, harassment, or retaliation (including without limitation under the Age Discrimination
in Employment Act of 1967 as amended by the Older Workers Benefit Protection Act, Title VII of the Civil Rights Act of 1964 as amended
by the Civil Rights Act of 1991, the Equal Pay Act of 1963, and the Americans with Disabilities Act of 1990, the Rehabilitation Act, the
Family and Medical Leave Act, the Sarbanes-Oxley Act, the Employee Polygraph Protection Act, the Uniformed Services Employment and Reemployment
Rights Act of 1994, the Lilly Ledbetter Fair Pay Act, or any other foreign, federal, state or local law or judicial decision); (f) claims
arising under the Employee Retirement Income Security Act; and (g) any other statutory or common law claims related to Executive’s
employment with the Veritiv Group or the separation of Executive’s employment with the Veritiv Group.

 

     

     

    

 

Without limiting the foregoing paragraph, Executive
represents that she understands that this Release specifically releases and waives any claims of age discrimination, known or unknown,
that Executive may have against the Veritiv Group as of the date she signs this Release. This Release specifically includes a waiver of
rights and claims under the Age Discrimination in Employment Act of 1967, as amended, and the Older Workers Benefit Protection Act. Executive
acknowledges that as of the date she signs this Release, she may have certain rights or claims under the Age Discrimination in Employment
Act, 29 U.S.C. §626, and she voluntarily relinquishes any such rights or claims by signing this Release.

 

Notwithstanding the foregoing provisions of this Section 4, nothing
herein will release the Veritiv Group from (i) any obligation under the Severance Plan, including without limitation Section 4(a) of
the Severance Plan, except to the extent modified by the Separation Agreement; (ii) any obligation to provide all benefit entitlements
under any Company benefit or welfare plan that were vested as of the Termination Date, including the Company’s 401(k) plan
and the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended; (iii) any claim relating to directors’ and officers’
liability insurance coverage or any right of indemnification or advancement of expenses under the Company’s organizational documents
or otherwise, and (iv) any rights or claims that relate to events or circumstances that occur after the date that Executive executes
this Release, including Executive’s rights to enforce the terms of the Separation Agreement and this Release. In addition, nothing
in this Release is intended to interfere with Executive’s right to file a charge with the Equal Employment Opportunity Commission
or any state or local human rights commission in connection with any claim Executive believes she may have against the Releasees. However,
by executing this Release, Executive hereby waives the right to recover any remuneration, damages, compensation or relief of any type
whatsoever from the Company in any proceeding that Executive may bring before the Equal Employment Opportunity Commission or any similar
state commission or in any proceeding brought by the Equal Employment Opportunity Commission or any similar state commission on Executive’s
behalf.

 

     

     

    

 

(b) Claims
Released by Company. The Company knowingly and voluntarily irrevocably and unconditionally releases and forever discharges Executive
and Executive’s heirs, executors, and administrators, collectively, separately, and severally, from any and all claims, suits, controversies,
actions, causes of action, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary
damages, other damages, claims for costs and attorneys’ fees, claims of misconduct as of the date of this Release, or liabilities
of any nature whatsoever in law and in equity that are arising out of or related to Executive’s employment by or service to the
Company, both past and present, which are known to the Chief Executive Officer, General Counsel, Chief Financial Officer, Chief Human
Resources Officer, or the Chairman of the Board as of the date the Company executes this Release. The Company understands and intends
that this Release constitutes a general release of claims and that no reference herein to a specific form of claim, statute or type of
relief is intended to limit the scope of this Release.

 

5.            Representations.
Executive acknowledges and represents that, as an employee of the Company and its affiliates, she has been obligated to, and has been
given the full and unfettered opportunity to, report timely to the Company any conduct that would give rise to an allegation that the
Company or any affiliate has violated any laws applicable to its businesses or has engaged in conduct which could otherwise be construed
as inappropriate or unethical in any way, even if such conduct is not, or does not appear to be, a violation of any law. Executive acknowledges
that a condition of the payment of the benefits under Section 2 of this Release is her truthful and complete representation to the
Company regarding any such conduct, including but not limited to conduct regarding compliance with the Company’s Code of Business
Conduct and Ethics, policies and procedures, and with all laws and standards governing the Company’s business. Executive’s
truthful and complete representation, based on her thorough search of her knowledge and memory, is as follows: Executive has not been
directly or indirectly involved in any such conduct; no one has asked or directed her to participate in any such conduct; and Executive
has no specific knowledge of any conduct by any other person(s) that would give rise to an allegation that the Company or any affiliate
has violated any laws applicable to its businesses or has engaged in conduct which could otherwise be construed as inappropriate or unethical
in any way.

 

6.            Bar.
Executive acknowledges and agrees that if she should hereafter make any claim or demand or commence or threaten to commence any action,
claim or proceeding against the Releasees (with the exception of the filing of charges of discrimination contemplated by Section 4
of this Release) with respect to any cause, matter or thing which is the subject of the release under Section 4 of this Release,
this Release may be raised as a complete bar to any such action, claim or proceeding, and the applicable Releasee may recover from Executive
all costs incurred in connection with such action, claim or proceeding, including attorneys’ fees, along with the benefits set forth
in Section 4 of the Severance Plan.

 

7.            Governing
Law. This Release will be governed by and construed in accordance with the laws of the State
of Delaware, without regard to conflicts of laws principles.

 

8.            Acknowledgment.
Executive has read this Release, understands it, and voluntarily accepts its terms, and Executive acknowledges that she has been advised
by the Company to seek the advice of legal counsel before entering into this Release and in fact has sought and obtained legal advice
before entering into this Release. Executive acknowledges that she was given a period of 45 calendar days within which to consider and
execute this Release, and to the extent that she executes this Release before the expiration of the 45 calendar day period, she does so
knowingly and voluntarily and only after consulting her attorney. Executive acknowledges and agrees that the promises made by the Veritiv
Group hereunder represent substantial value over and above that to which Executive would otherwise be entitled.

 

     

     

    

 

9.            Revocation.
Executive has a period of 7 calendar days following the execution of this Release during which Executive may revoke this Release by delivering
written notice to the Company pursuant to Section 16 of the Severance Plan. This Release will not become effective or enforceable
until such revocation period has expired. Executive understands that if she revokes this Release, it will be null and void in its entirety,
and she will not be entitled to any payments or benefits provided in this Release, including without limitation under Section 2 of
the Release.

 

10.            Restrictive
Covenants. Executive acknowledges and agrees to comply with any and all continuing obligations Executive owes to the Company under
agreements relating to nondisclosure of confidential information, non-competition, inventions or intellectual property, or other restrictive
covenants, as modified herein, and Executive further acknowledges and agrees that payments under the Severance Plan and Separation Agreement
are expressly conditioned upon compliance with such agreements. For the avoidance of doubt, Executive’s non-competition and non-solicitation
covenants run from the Termination Date.

 

Executive and the Company expressly agree that,
during the eighteen (18) month period following the Termination Date, Executive may take a position with or otherwise be associated with
a company that manufactures paper and paper products; facility supplies (including janitorial supplies), packaging equipment, products,
graphic supplies and/or related items (“Manufacturer”) without it being deemed a violation of Executive’s Noncompetition
Agreement with the Company that Executive executed on September 28, 2016 and the Company executed on October 3, 2016 (the “Noncompetition
Agreement”), provided however, that if the Manufacturer or a Manufacturer affiliate is also in the business of distributing the
aforementioned products, supplies and items, Executive may not during this period: (i) work for or be associated with such distribution
arm; or (ii) otherwise serve in a leadership or other capacity for the Manufacturer with responsibility for the strategy or direction
of the overall company distribution arm.

 

Executive and the Company also expressly agree
that the terms of the Non-Solicitation of Customers and Prospective Customers and the Non-Solicitation of Employees covenants included
in the Noncompetition Agreement shall be extended from eighteen (18) months to twenty-four (24) months following the Termination Date.

 

11.            Miscellaneous.
The Separation Agreement, this Release, together with the Severance Plan and any agreements concerning restrictive covenants referenced
in Section 7 of the Severance Plan (as modified herein), represents the final and entire agreement between the parties with respect
to the subject matter hereof and supersedes all prior agreements, negotiations and discussions between the parties hereto and/or their
respective counsel with respect to the subject matter hereof. Executive has not relied upon any representations, promises or agreements
of any kind except those set forth herein in signing this Release. In the event that any provision of this Release should be held to be
invalid or unenforceable, each and all of the other provisions of this Release will remain in full force and effect. If any provision
of this Release is found to be invalid or unenforceable, such provision will be modified as necessary to permit this Release to be upheld
and enforced to the maximum extent permitted by law. Executive agrees to execute such other documents and take such further actions as
reasonably may be required by the Veritiv Group to carry out the provisions of this Release.

 

     

     

    

 

12.            Counterparts.
This Release may be executed by the parties hereto in counterparts (including by means of facsimile or other electronic transmission),
each of which will be deemed an original, but all of which taken together will constitute one original instrument.

 

IN WITNESS WHEREOF, the parties have executed this
Release on the date first set forth above.

 

	 	VERITIV CORPORATION
	 	 
	 	 
	 	 
	 	By:	                       
	 	 
	 	Its:	 
	 	 
	 	 
	 	EXECUTIVE
	 	 
	 	 
	 	 
	 	Tracy Pearson
	 	 
	 	Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}]]