Document:

Master Defined Contribution Retirement Plan Adoption Agmt for PPG Industries Inc

 Exhibit 4.6 
 1165(e) PLAN ADOPTION AGREEMENT 
 POPULAR MASTER DEFINED CONTRIBUTION
RETIREMENT PLAN 
 AMENDED EFFECTIVE AS OF JANUARY 1, 2009 

  
 1 

 By executing this Adoption Agreement the Employer is adopting a profit sharing plan with
optional Section 1165(e) provisions for the benefit of its Employees. The Employer’s Plan is comprised of: (i) the Popular Master Defined Contribution Retirement Plan Document;
(ii) x the Popular Master Defined Contribution Retirement Plan Master Trust or  ̈ the Employer’s Defined Contribution Retirement Plan Trust; and
(iii) this Adoption Agreement. The terms used in this Adoption Agreement, as well as the rules to be complied with in connection with the Plan, are fully explained in the Popular Master Defined Contribution Retirement Plan Document. When
signing this Adoption Agreement, if applicable, the Employer has received copy of the Popular Master Defined Contribution Retirement Plan and the Popular Master Plan’s Summary Plan Description. The Popular Master Defined Contribution Retirement
Plan Master Trust is available upon request at Banco Popular’s main offices in Hato Rey, Puerto Rico. 
 1165(e) Plan
Adoption Agreement 
 Popular Master Defined Contribution Retirement Plan 

Copyright© 2009 by Banco Popular de Puerto Rico 

  
 2 

 Plan Sponsor 
 Name of Plan Sponsor:     PPG Industries, Inc. 
 Address (Physical):

  
 Address
(Postal):     One PPG Place 

                         
        PGH, PA 15272 
  
  

 

					
	 Telephone:
	  	412-434-3131	  	Telefax: 412-434-3940

  

			
	Name of Person for Banco Popular de Puerto Rico to	  	Joseph G. Zyra
	Contact:	  	______________________________________

 Position: Manager, Capital Accumulation 
  

					
	 Telephone: 412-434-3926
	  	Telefax: 412-434-3940	  	E-Mail: zyra@ppg.com

 Plan Sponsor tax identification number: 25-0730780 

 

			
	 Type of business:
	  	Date of Organization:
	  ̈       Unincorporated Trade or
Business
	  	________________
	  ̈       Partnership
	  	________________
	  ̈       Special Partnership
	  	________________
	 x       Regular Corporation
	  	1883
	  ̈       Corporation of
Individuals
	  	________________
	  ̈       Corporation with Special Partnership
Election
	  	________________
	  ̈       Other (specify) _non for profit (501
(c) (4)
	  	________________

 Employer’s taxable year: 

	x	Calendar Year 

	 ̈	Fiscal Year ending on                     

  
 3 

 Employer Information (Complete even if only one Employer will adopt the Plan; attach additional
sheets to provide information for additional Employers adopting the Plan. References in this Adoption Agreement to any Employer shall be in reference to all employers adopting the Plan.) 
 Name of Employer: PPG Industries, Inc. 

Address (Physical):__________________________________________________________________________________ 

 
  
 Address (Postal):    One PPG Place 

                         
      PGH, PA 15272 
  
  

 

			
	 Telephone: 412-434-3131
	  	Telefax: 412-434-3940

  

			
	Name of Person for Banco Popular de Puerto Rico to	  	Joseph G. Zyra
	Contact:	  	______________________________________

 Position: Manager, Capital Accumulation 
  

					
	 Telephone: 412-432-3926
	  	Telefax: 412-434-3940	  	E-Mail: zyra@ppg.com

 Employer tax identification number: 25-0730780 

 

			
	 Type of business:
	  	Date of Organization:
	  ̈       Unincorporated Trade or
Business
	  	________________
	  ̈       Partnership
	  	________________
	  ̈       Special Partnership
	  	________________
	 x       Regular Corporation
	  	1883
	  ̈       Corporation of
Individuals
	  	________________
	  ̈       Corporation with Special Partnership
Election
	  	________________
	  ̈       Other (specify) _Not for profit (501
(c) (4)
	  	________________

  

					
	 Payroll frequency:
	  	 x       Weekly
	  	  ̈       Bi-Weekly

		  	  ̈       Semi-Monthly
	  	 x       Monthly

		  	  ̈       Semi-Weekly
	  	  ̈       Other

 Contributions will be transferred to Banco Popular’s Trust Division with payroll or x  on pay date with funding to occur the next business day. 
 Should the transfer date be
on a holiday or weekend, Employer shall effect transfer on the  ̈  prior or x  next business day. 

  
 4 

 General Plan Information 
 Plan Name PPG Industries Employee Savings Plan 
 (Employer’s name and type of plan)

 Adoption or Amendment of Plan 

By signing this Adoption Agreement the Employer: 
  

	x	adopts the Popular Master Defined Contribution Retirement Plan and its Popular Master Trust 

 

	 ̈	adopts the Popular Master Defined Contribution Retirement Plan and an Individual Trust 

 

	 ̈	amends and restates an earlier Popular Master Defined Contribution Retirement Plan 

Adoption Agreement or Individually Designed plan for the following Plan: 

Name of
Plan:                                        
                                         
                                         
  
 Original Effective Date:
                                         
                                         
                          
  

	x	Amends and restates the following Plan:
                                         
                                         
  

 Name of Plan: PPG Industries Employee Savings Plan 

Original Effective Date: July 1965 
 Effective Date (cannot be earlier than the first day of the Plan Year in which the Employer signs this Adoption Agreement). 
 The effective date of this Plan or amendment is: 12/28/2010 

                         
                                         
                (month/day/year) 
 Plan Year 

The Plan Year will be a calendar year unless the Employer elects otherwise by checking the box below: 

 

	 ̈	The Plan Year shall begin 

  

									
	 on
	  	________________________	  	and end on	  	________________________	  	
		  	(month/day)	  		  	(month/day)	  	

  

	x	If applicable, the first Plan Year is a short Plan Year 

  

									
	 on
	  	December 28	  	and end on	  	December 31	  	
		  	(month/day)	  		  	(month/day)	  	

 Accounting Method 
 The Plan shall use the cash basis accounting method. 
 Eligibility for Plan Participation

  
 5 

 Waiver of Requirements for New Plans 

 

	x	If checked, each Employee employed on the Effective Date of the Plan is automatically eligible to participate. Employees hired after the Effective Date of the Plan are
eligible upon satisfying any service and/or age requirements specified below: 

 Age Requirement. An employee must fulfill
the following age requirement to become a Participant: 
  

	x	No minimum age required. 

  

	 ̈	Minimum age                      (not greater than 21).

  

	 ̈	Other
                                         
                        

 Service Requirements. An employee must fulfill the following service requirement to become a Participant: 
  

	x	No service requirement. 

  

	 ̈	One year of service. 

  

	 ̈	Other 

 Method for calculating year of
service. 
  

	 ̈	Hours of Service Method. An Employee’s service will be determined by using the Hours of Service method as described in Article 3 of the Popular Master Plan
document unless the following box is checked:. 

  

	 	 ̈	If the Employee fails to complete at least 1,000 Hours of Service during the twelve consecutive month period commencing on his or her Employment Commencement Date, he
or she shall be credited with one Year of Service at the end of the first Plan Year commencing after such Employment Commencement Date during which he or she completes at least 1,000 Hours of Service. 

 

	x	Elapsed Time Method. An Employee’s service will be determined using the elapsed time method as described in Article 3 of the Popular Master Plan document.

 Affiliates. Please list the affiliates for which service will be treated as service under the Plan. 

 
  
  

 
  

 
 Predecessor Employers. Service with the
following predecessor employers will be treated as service under the Plan: 
  

 

  
 6 

 Entry Dates 
 An Employee may elect to become a Participant and start making Employee Contributions on any entry date on or after he or she satisfies the Plan’s eligibility requirements. 

Indicate the Plan’s entry dates: 
  

	x	Monthly Entry Dates. The first day of each month date. 

  

	 ̈	Quarterly Entry Dates. The first day of each of the first, fourth, seventh and tenth months of the Plan Year is an entry date. 

 

	 ̈	Semi-Annual Entry Dates. The first day of each of the first and seventh months of the Plan Year is an entry date. 

Compensation 
 Employee Pre-Tax
Contributions 
 A Participant’s Compensation for purposes of Employee Pre-Tax Contributions shall mean the total compensation that is
currently includible in income for income tax purposes paid to him by the Employer during a Plan Year. Compensation will exclude the following items: 
  

	x	Bonuses 

  

	x	Overtime 

  

	x	Commissions 

  

	x	Compensation in excess of $245,000 as indexed 

  

	x	other items (specify) Eligible Compensation is base pay only 

 Employee Catch-up Contributions 
 A Participant’s Compensation for purposes of Employee
Catch-up Contributions shall mean the total compensation that is currently includible in income for income tax purposes paid to him by the Employer during a Plan Year. Compensation will exclude the following items: 

 

	x	Bonuses 

  

	x	Overtime 

  

	x	Commissions 

  

	x	Compensation in excess of $245,000 as indexed 

  

	x	other items (specify) Eligible Compensation is base pay only 

 Employee After-Tax Contributions 
 A Participant’s Compensation for purposes of
Employee After-Tax Contributions shall mean the total compensation that is currently includible in income for income tax purposes paid to him by the Employer during a Plan Year. Compensation will exclude the following items: 

 

	x	Bonuses 

  

	x	Overtime 

  

	x	Commissions 

  

	x	Compensation in excess of $245,000 as indexed 

  
 7 

	x	other items (specify) Eligible Compensation is base pay only 

 Employer Matching Contributions 
 A Participant’s Compensation for purposes of Employer
Matching Contributions shall mean the total compensation that is currently includible in income for income tax purposes paid to him by the Employer during a Plan Year. Compensation will exclude following items: 

 

	x	Bonuses 

  

	x	Overtime 

  

	x	Commissions 

  

	x	Compensation in excess of $245,000 as indexed 

  

	x	other items (specify) Eligible Compensation is base pay only 

 Employer Profit Sharing Contributions 
 A Participant’s Compensation for purposes of
Employer Profit Sharing Contributions shall mean the total compensation that is currently includible in income for income tax purposes paid to him by the Employer during a Plan Year. Compensation will exclude the following items: 

 

	 ̈	Bonuses 

  

	 ̈	Overtime 

  

	 ̈	commissions 

  

	 ̈	Compensation in excess of $                    

  

	 ̈	other items (specify)
                                         
                                         
                                         
                                         
         

  

 

  
 8 

 Contributions 
 Autoenrollment 
 If the Employer so elects, each Employee shall be deemed to have elected to
make a Pre-Tax Contribution in the percentage indicated below commencing with the first payroll period following completion of the eligibility requirements of the Plan unless the Employee elects otherwise. If this is a restatement of an existing
plan eligible Employees not participating in the Plan on the effective date of the restatement will be given a 3-month notice during which to effect an election not to enroll. A eligible Employee who does not file an election to not participate,
will become a Participant on the first Entry Date following the three month period. The Employee may at any time elect to not make Pre-Tax Contributions to the Plan. This is called an “Autoenrollment” or “Negative
Election”. The Employer can also choose a “Positive Election” whereby the Employee must make an affirmative election to make a pre-tax contribution. 
  

	x	Autoenrollment (Negative election) 

	    	Employees will be deemed to have elected to make a Pre-Tax Contribution of _3        % (1%-3%) of Compensation commencing
on their first day of eligibility. 

  

	 ̈	If selected, Employees will also be deemed to have elected to make an After-Tax Contribution of
            % (1%-3%) of Compensation commencing on their first day of eligibility. 

  

	x	Pre-Tax Contributions for all participants will increase yearly as follows: 

 

	    	Yearly increase percentage Year 1 after this option is elected     1        %

 Year 2 after this option is elected
    1        % 
 Year 3 after this
option is elected and after     1        % 
  

	 ̈	Positive Election 

 Employee Contributions

 Participants may make contributions as follows: 
  

	x	Pre-Tax Contributions. 

  

	x	Catch-up Contributions. 

  

	x	After-Tax Contributions. 

Pre-Tax Contributions may not exceed for taxable years starting on or before December 31, 2008 the amount of $8,000, after January 1st , 2009 the amount of $9,000, starting January 1st , 2011 the amount of $10,000 and starting on January 1st , 2013 the amount of $12,000 (or any other dollar or percentage
limitation under the IRC or regulations issued thereunder in the future) in any calendar year. Catch-up Contributions are not considered for purposes of this limitation. 
 Catch-up Contributions may only be made by participants who reach age 50 by the close of the Plan Year. Catch-up Contributions are limited to $1,000 per Plan Year commencing in 2007 and thereafter (or
such other limit as may be imposed through amendment of the Puerto Rico Internal Revenue Code). 
 After-Tax Contributions in a Plan Year, if
authorized, may not exceed 10% of the aggregate compensation paid to the Employee during all the years he or she has been a Plan Participant. After-Tax Contributions may be subject to other restrictions and rules established by the Plan
Administrator. 
 Pre-Tax, Catch-up and After-Tax Contributions may not commence prior to the date the Plan is adopted. 

  
 9 

 Rollover Contributions 

 

	 ̈	The Plan’s Trustee shall not be authorized to receive rollover contributions. 

 

	x	The Plan’s Trustee shall be authorized to receive rollover contributions: 

 

	 	x	Only if the Employee has met the participation requirements of the Plan as of the date of the contribution. 

 

	 	 ̈	Even if the Employee has not met the participation requirements of the Plan as of the date of the contribution. 

Matching Contributions 
  

	 ̈	The Employer will make no Matching Contributions. 

  

	 ̈	The Employer will make a Discretionary Matching Contribution on an annual basis. 

 

	x	The Employer will make a Matching Contribution equal to $0.75 cents for each dollar of a Participant’s: 

 

	 	x	Pre-Tax Contributions. 

  

	 	 ̈	Catch-up Contributions. 

  

	 	x	After-Tax Contributions. 

  

	 ̈	Employees must complete months/years of service to be eligible for Matching Contributions. 

 

	x	Matching Contributions shall be contributed to the Plan: 

  

			
	 x       with each payroll
	  	  ̈       bi-weekly

	  ̈       semi-weekly
	  	  ̈       weekly

	  ̈       monthly
	  	  ̈       quarterly

	  ̈       semi-monthly
	  	  ̈       annually

	  ̈       monthly
	  	  ̈       other
                                

 However, the Employer will not make Matching Contributions above 6% of the Participant’s Compensation.

  

	*	The Matching is for the first 6% (combination of Pre Tax and After Tax) Catch up Contributions are not considered for this. 

Profit Sharing Contributions 
  

	x	The Employer will make no Profit Sharing Contributions 

  

	 ̈	For each Plan Year in which this Plan is in effect the Employer may make contributions to the Trust in one or more installments out of its Net Profits (as defined in
section 6.2C.4 of the Plan) for the Plan Year, in such amounts as the Employer may determine (if any). The Plan Year for which each contribution is made shall be designated at the time of the contribution. Profit- Sharing Contributions may not
exceed the lesser of Employer’s Net Profits or 15% of a Participant’s Compensation in any Plan Year. 

  
 10 

	 ̈	Profit Sharing Contributions shall be integrated with Social Security. 

 Allocation of Employer Contributions 
 Profit Sharing Contributions shall be allocated as of
the last day of such Plan Year among the Employees who: 
  

	 ̈	completed more than 500 hours of service during the Plan Year  ̈ and  ̈ or

  

	 ̈	were employed by the Employer on the last day of the Plan Year  ̈ and  ̈
or 

  

	 ̈	other:                          
                                         
                                         
                                         
                            

	    	________________________________________________________________________________________ 

 If yearly contribution of Matching Contributions is selected above, Matching Contributions shall be allocated as of the last day of such Plan Year among the Employees who: 

 

	 ̈	completed more than 500 hours of service during the Plan Year  ̈ and  ̈ or

  

	 ̈	were employed by the Employer on the last day of the Plan Year  ̈ and  ̈
or 

	 ̈	________________________________________________________________________________________ 

 Qualified Matching and Non-Elective Contributions 
 Qualified Matching Contributions and
Qualified Non-Elective Contributions, as defined in the Popular Master Plan Document or the Employer’s Plan Document, will be taken into account for purposes of calculating the Actual Deferral Percentages of Non-Highly Compensated Employees to
the extent necessary to meet the Actual Deferral Percentage test. 
 Vesting 
 Pre-Tax, Catch-up Contributions and/or After-Tax Contributions are always 100% vested. 

Method for calculating vesting service. 
  

	 ̈	Hours of Service Method. An Employee’s vesting service will be determined by using the Hours of Service Method. 

 

	x	Elapsed Time Method. An Employee’s vesting service will be determined using the Elapsed Time Method. 

Vesting service shall be calculated using: 
  

	 ̈	Employee’s Commencement date anniversary 

  

	 ̈	Plan Year 

  

	 ̈	Calendar Year 

  
 11 

 Matching Contributions and/or Profit Sharing Contributions 

You may elect a single vesting schedule for Matching Contributions and Profit Sharing Contributions or you may select different vesting schedules.

 Matching Contributions and/or Profit Sharing Contributions will vest in accordance with the following vesting schedule: 

 

											
	 	  	Graded Vesting Table	 
	x       Full Vesting. Participants are 100% vested at all times.	  	 (1)
 Years of
Service
	  	 (2)
 Vested
Percentage
	 	  	(3)
Minimum Required
Percentage	 
		  	Less than 1	  	 	_________	  	  	 	0	  
	  ̈       Cliff Vesting. Participants are
100% vested after completing      years of service (insert number; cannot be greater than 3). The Participant will be 0% vested until completing the years of service specified above.
	  	At least 1	  	 	_________	  	  	 	0	  
		  	At least 2	  	 	_________	  	  	 	20	  
	  ̈       Graded Vesting. Participants
are vested in accordance with the following vesting schedule. (A Participant’s vested percentage is the percentage inserted in column (2)or the percentage in column (3), whichever is greater. Spaces left blank are treated as
zeros).
	  	At least 3	  	 	_________	  	  	 	40	  
		  	At least 4	  	 	_________	  	  	 	60	  
		  	At least 5	  	 	_________	  	  	 	80	  
	  ̈       Applicable to Matching Contribution
and Profit Sharing Contributions.
	  	At least 6	  	 	_________	  	  	 	100	  
	  
 x       Applicable to Matching Contributions.
	  		  				  			

  

	 ̈	Profit Sharing Contributions will vest in accordance with the following vesting schedule: 

 

											
	 	  	Graded Vesting Table	 
	 ̈       Full Vesting. Participants are 100% vested at all times.	  	 (1)
 Years of
Service
	  	 (2)
 Vested
Percentage
	 	  	(3)
Minimum Required
Percentage	 
		  	Less than 1	  	 	_________	  	  	 	0	  
	  ̈       Cliff Vesting. Participants are
100% vested after completing      years of service (insert number; cannot be greater than 3). The Participant will be 0% vested until completing the years of service specified above.
	  	At least 1	  	 	_________	  	  	 	0	  
		  	At least 2	  	 	_________	  	  	 	20	  

  
 12 

											
	  ̈       Graded Vesting. Participants
are vested in accordance with the following vesting schedule. (A Participant’s vested percentage is the percentage inserted in column (2)or the percentage in column (3), whichever is greater. Spaces left blank are treated as
zeros).
	  	At least 3	  	 	_________	  	  	 	40	  
		  	At least 4	  	 	_________	  	  	 	60	  
		  	At least 5	  	 	_________	  	  	 	80	  
		  	At least 6	  	 	_________	  	  	 	100	  

 Years of service excluded in determining vested percentages. Need not be completed - check as many as desired.

  

	 ̈	Years completed before the effective date of this Plan (or a predecessor plan). 

 

	 ̈	 Years completed before the Participant’s
                     birthday (insert birthday not greater than 18th). 

 Forfeitures 
 Forfeitures under the Plan will be (choose one): 

 

	 	 ̈	allocated to Participant’s accounts during the Plan Year: 

  

	 	 ̈	in the proportion that each such Participant’s Compensation during such Plan Year bears to the total Compensation during such Plan Year of all Participants.

  

	 	 ̈	in the proportion that a Participant’s account balance bears to the total Plan assets (to the extent such method is non-discriminatory under
Section 1165(a)(4) of the Puerto Rico Internal Revenue Code). 

  

	 	x	used to reduce the amount the Employer must contribute to the Plan. 

  

	 	 ̈	used to reduce related Plan costs and expenses. 

  

	 	 ̈	Any of the options above to be determined on an annual basis by the Employer 

 Forfeitures will be made at the time specified in Section 8.4 of the Popular Master Plan document. Forfeitures will be maintained in a Single Suspense Account and invested in the default investment
option selected by the Plan Sponsor. 
 Loans 
  

	x	Loans from the Plan will be permitted, subject to the Plan’s loan rules. Public Companies must comply with the restrictions imposed by the Securities Exchange Act
of 1934, as amended by Sarbanes-Oxley Act of 2002, applicable to the granting of loans to Directors or Officers. 

  

	 ̈	Loans to Participants from the Plan are not permitted. 

  
 13 

 In-service Withdrawals 
 The following provisions will govern the availability of in-service withdrawals from a Participant’s accounts. See Article 9 of the Plan document for additional details, including definitions and
limitations. 
 Act 87 Withdrawals. In-service withdrawals for Act 87 purposes will not be allowed unless selected below: 

 

	 ̈	In-service withdrawals for the purpose of pre-payment of taxes in accordance with the provisions of Act 87 of May 13, 2006, as subsequently amended (“Act
87”), will be allowed up to the amount strictly required for the prepayment of such taxes. Act 87 withdrawals expired on December 31, 2006. 

 Profit Sharing Contributions. In-service withdrawals from Profit Sharing Contributions will only be allowed in case of a financial hardship as such term is defined in Article 9.1 of the Popular
Master Plan Document. unless one of the following boxes is checked: 
  

	x	In-service withdrawals from Profit Sharing Contributions will not be allowed 

 Pre-Tax Contributions. In-service withdrawals from Pre-Tax Contributions will only be allowed in case of a financial hardship as such term is defined in Article 9.1 of the Popular Master Plan
Document, unless selected otherwise below. If an in-service withdrawal is made from Pre-Tax Contributions, the Participant will be impeded from making additional Pre-Tax Contributions, Catch-up Contributions and After-Tax Contributions for a 12
month period. 
  

	 ̈	In-service withdrawals from Pre-Tax Contributions will not be allowed for any reason. 

 Catch-up Contributions. In-service withdrawals from Catch-up Contributions will only be allowed in case of a financial hardship as such term is defined in Article 9.1 of the Popular Master Plan
Document, unless selected otherwise below. If an in-service withdrawal is made from Catch-up Contributions, the Participant will be impeded from making additional Pre-Tax Contributions, Catch-up Contributions and After-Tax Contributions for a 12
month period. 
  

	x	In-service withdrawals from Catch-up Contributions will not be allowed for any reason. 

 After-Tax Contributions. In-service withdrawals from After-Tax Contributions will be allowed for any reason. 
 Matching Contributions. In-service withdrawals from Matching Contributions will only be allowed in case of a financial hardship as such term is defined in Article 9.1 of the Popular Master Plan
Document unless one of the following boxes is checked: 
  

	x	In-service withdrawals from Matching Contributions will not be allowed 

 Rollover Contributions. A Participant may upon reasonable advance written notice to the Plan Administrator withdraw all or any portion of his Rollover Contributions Account. The Plan Administrator
may establish reasonable minimum withdrawal amounts. 

  
 14 

 Withdrawals After Age 591/2. 

 

	x	If checked, after age 591/2 a Participant may make in-service withdrawals from his Pre-Tax Contributions, Catch-up Contributions and, if applicable, from his Qualified
Matching and Non-Elective Contributions Accounts without financial hardship (up to the vested percentage of each such accounts). 

Financial Hardship. An in-service withdrawal will be on account of financial hardship only if the Participant has an immediate and heavy financial
need and the withdrawal is necessary to meet such need. 
 A withdrawal will be deemed to be on account of an immediate and heavy financial need
if it is occasioned by: 
  

	 	•	 	 a deductible medical expense incurred by the Participant or his spouse, children or dependent; (not reimbursed by medical insurance or otherwise);

  

	 	•	 	 purchase of the Participant’s principal residence (not including mortgage payments); 

 

	 	•	 	 tuition payments for the next semester or quarter of post-secondary education for the Participant or his spouse, child or dependent;

  

	 	•	 	 rent or mortgage payments to prevent the Participant’s eviction from or the foreclosure of the mortgage on his principal residence;

  

	 	•	 	 funeral expenses for the participant’s deceased parent, spouse, children or dependents or 

 

	 	•	 	 such other event or circumstances as the Puerto Rico Secretary of the Treasury through regulations may permit. 

A Participant must establish to the Plan Administrator’s satisfaction both that the Participant has an immediate and heavy financial need and that
the withdrawal is necessary to meet the need. 
 The Trustee and the Plan Administrator shall agree as to the most convenient way of
administering the financial hardship provisions of the Plan. 
 A Participant who makes a withdrawal on account of a financial hardship may not
make Pre-Tax Contributions or After-Tax Contributions hereunder (or under any other Plan maintained by the Employer) for a period of 12 months following the date of the in-service withdrawal. 
 Payment. Participant’s in-service withdrawal request shall be paid as soon as it is administratively feasible following the date in which the Plan Participant requests the distribution.

 Retirement Age 
 Normal
Retirement Age. A Participant will be fully vested and may retire after the latter of: reaching age 65 or the fifth anniversary of the first day of the Plan Year in which he/she commenced participation in the Plan. 

Disability Retirement. A Participant will be fully vested and may retire before normal retirement upon becoming disabled. 

  
 15 

 Early Retirement Age. 

 

	 ̈	If checked, a Participant will be fully vested and may retire prior to Normal Retirement Age upon reaching age
             and completing              years of service. 

Distribution of Vested Benefits before Retirement, Death or Disability. 
 If the Participant terminates his employment with the Employer before reaching his normal or early retirement age, becoming disabled or dying, Participant x
shall be  ̈ shall not be allowed to apply for an early distribution of his plan benefits. 

Withdrawals after age 70 1/2 
 x If checked, starting on April 1st of the calendar year following the calendar year in which the Participant attains age 70 1/2, distribution of the vested balance in the Participant’s account, or
the first installment of such distribution, shall be made or commenced 
 Distribution of Benefits 

Upon becoming entitled to the distribution of this Plan’s benefits, the Participants or their authorized representative must request from the
Employer that their benefits be distributed. The normal form of benefit under the Plan is a lump sum distribution. However, the Plan Sponsor may elect periodical payments (below) as an optional form of benefit. If this Plan is a restatement of an
existing plan which provided for payment of benefits in the form of an annuity this form of payment will be preserved. Please provide details in the space provided below. 

 

			
	 x       periodical payments
(monthly, quarterly, semiannual or annual installments of substantially equal amounts over a period of years certain not to exceed 10).

  

			
	
 ̈       Other (for amended and restated 
Plans with optional forms of benefits only) 
	 	 
		
	 	 	 

 If the Employer elects more that one method of distribution hereunder, Participants shall elect under which of such
methods his or her benefit shall be distributed. Participants who elect to receive periodical payments may not change their election once distributions start. 
 Investment Funds 
 All investment instructions as to each Participant’s account will be
directed by the Participant and/or the Employer and/or the Trustee. If no investment instructions are provided by the Participant and/or the Employer, and the Trustee is a directed trustee, the Participant’s accounts will be invested in a
qualified default investment alternative selected by the Plan Sponsor in accordance with the requirements of Section 404(c)(5) of ERISA or any other default investment chosen by the Plan Sponsor in this Adoption Agreement. 

For purposes of the Plan, the Trustee x shall be  ̈ shall
not be considered as a directed trustee. 

  
 16 

 Participant’s Investment Instructions 
 Participants will be allowed to modify their investments instructions on a x daily  ̈ monthly  ̈ quarterly basis. 
 Participant’s Contributions to the Plan 

Participants will be allowed to modify or suspend their pre-tax, catch-up and/or their after-tax contributions to the Plan on a x monthly  ̈ quarterly  ̈ semi annual  ̈ annual basis. 

Popular Master Trust 
 By executing this
Adoption Agreement the Plan Sponsor x adopts  ̈ does not adopt the Popular Master Trust established by Banco Popular de Puerto Rico to carry out the
purposes of the Plan and thus retains Banco Popular as Trustee. The terms of the Trust and corresponding fees are contained in the Banco Popular de Puerto Rico Master Defined Contribution Retirement Plan, Popular Master Trust and Fee Schedule
respectively, which are incorporated by reference into this Adoption Agreement. 
 Recordkeeper 

x By executing this Adoption Agreement, the Plan Sponsor retains Banco Popular de Puerto Rico as
Recordkeeper of the Plan pursuant to the Recordkeeping Agreement and Fee Schedule incorporated by reference into this Adoption Agreement. 
  ̈ The Plan Sponsor has selected as recordkeeper for the Plan: 
  

			
	 Name  
	  	 

  

			
	Address  	  	 
		
	 	  	 

  

							
	Telephone No:  	  	 	  	Telefax:  	  	 

  

			
	Contact Person Name  	  	 

  

											
	Telephone No:  	  	 	  	Telefax:  	  	 	  	E-Mail:  	  	 

 Recordkeeper and Trustee’s Fees 
 By executing this Adoption Agreement, the Plan Sponsor, if so selected, agrees to retain Banco Popular de Puerto Rico as Recordkeeper and, if applicable, as Trustee of the Plan, for an initial minimum
period of three years. The retention of Banco Popular de Puerto Rico as recordkeeper and trustee of the Plan, as applicable, shall renew automatically for successive three year periods indefinitely. The Plan Sponsor may terminate the services of
Banco Popular de Puerto Rico as recordkeeper and trustee of the Plan, as applicable, at any time subject to a written termination 

  
 17 

 
notice received by Banco Popular at least sixty (60) days prior to the effective date of termination. If termination occurs during the initial three year period, the Plan Sponsor agrees to
compensate Banco Popular with a termination fee equal to three times the total annual fees minus any amount already satisfied in connection with the services rendered since the effective date of this agreement. Banco Popular may change the Fee
Schedule from time to time and shall provide written notification to the Plan Sponsor. Termination may occur due to a termination and liquidation of the Plan by the Plan Sponsor or due to a trust to trust transfer whereby a successor trustee is
appointed. Should Banco Popular be instructed to carry out a trust to trust transfer, the Plan assets shall be transferred in cash. Therefore, all positions of the Plan held in the investment funds shall be liquidated. 

Valuation of Participant’s Accounts 

The Participant’s Accounts shall be valued x daily  ̈
monthly  ̈ quarterly  ̈ semi-annually  ̈ annually. 
 Participant’s Account Statements 
 If the Plan (other than a plan covering an
owner-employee with no other employees) provides for Participant directed investments, statements shall be provided quarterly. Plans that do not provide for Participant directed accounts may select any frequency for the Account Statements.

 Participants shall be provided with a statement of their account on a  ̈ monthly x quarterly  ̈ semi-annual or  ̈ annual basis. 
 Plan Administration 
 Plan Administrator. The Plan Sponsor is the legal Plan
Administrator under ERISA unless the Plan Sponsor has made a different designation. 
 Service Fee Disclosure 

Banco Popular has agreed to make available plan recordkeeping, trustee services, certain administration services, and mutual fund investment choices
(which have been provided separately). 
 For providing certain administrative or shareholder services to the mutual funds, Banco Popular will
receive an administrative fee from the mutual funds. The rate or amount of the fees to be paid to Banco Popular by each mutual fund is shown in parenthesis on the fund list. 
 Banco Popular’s annual fee for its services as trustee and recordkeeper will be billed to the Plan Sponsor separately based on the separate fee schedule. 

Banco Popular reserves the right to change the funds on the funds list from time to time. Banco Popular will provide the Plan Sponsor with 60 days
advance written notice of any change thereto and the corresponding change in fees if any. Banco Popular will try to find a suitable alternative if the Plan Sponsor does not agree with the proposed substitution. However, if the Plan Sponsor does

  
 18 

 
not object in writing within the 60-day period, Banco Popular will make the change. If the Plan Sponsor objects to the proposed change and a suitable alternative cannot be found, the Plan Sponsor
will be provided an additional 60 day period to find a new trustee for the Plan. 
 By executing this Adoption Agreement the Plan Sponsor
acknowledges that (i) Banco Popular has provided the Plan Sponsor with the mutual fund list, (ii) the mutual funds list contains the rate or amount of fees to be paid to Banco Popular, (iii) Banco Popular has the right to modify the
mutual funds lists in such manner as Banco Popular, in its sole discretion, sees fit, (iv) the Plan Sponsor has selected from the mutual funds list the mutual funds used as investment options for the Plan, (v) the Plan Sponsor has received
copies of each mutual fund’s Prospectus and Statement of Additional Information, and (vi) the Plan Sponsor agrees with the procedures disclosed herein with relation to a substitution of a particular mutual fund. 

Banco Popular shall provide the Plan Sponsor with such additional information and disclosures as may be required by the U.S. Department of Labor.

 Execution of Adoption Agreement 
 Responsibilities of the Plan Sponsor. 
 The Plan Sponsor understands that, by establishing
this Plan, it will have certain legal responsibilities for which neither the Trustee nor BPPR will be responsible. The Plan Sponsor should ensure that this Adoption Agreement has been filled out completely and properly. Failure to do so may result
in Plan disqualification. The Plan Sponsor also understands that it will be solely responsible for any taxes, costs or expenses arising from the disqualification of the Plan. The Plan Sponsor warrants that it has obtained legal and tax advice to the
extent the Plan Sponsor deems necessary before signing this Adoption Agreement. 
 Plan Sponsor 

 

			
	 Name of Plan Sponsor:
	  	PPG Industries, Inc
		
	 Signed:
	  	/s/ G.T. Welsh
		
	 Print name and title:
	  	G.T. Welsh, Director HR Services and Benefits
		
	Date:	  	12/27/10

 Trustee 
  

			
	 Name of Trustee:
	  	Banco Popular de Puerto Rico Fiduciary Services Division
		
	 Address:
	  	 
		
	 Signed:
	  	 
		
	 Print name and title:
	  	 
		
	Date:	  	 

  
 19 

 The identifying number for the Banco Popular de Puerto Rico Popular Master Defined Contribution Retirement
Plan document is 01 and for this Adoption Agreement is 102. The Plan Sponsor is (insert Plan Sponsor’s name and address): PPG Industries, Inc., One PPG Place, Pittsburgh, Pennsylvania, 15272 

Banco Popular de Puerto Rico will notify you if it amends or discontinues this Popular Master Plan. 

  
 20 

 ADDENDUM A 
 POPULAR MASTER PLAN 
 PLAN SPONSOR’S SELECTION OF INVESTMENT FUNDS

  

			
	Plan Sponsor or
 Named Fiduciary:
	  	 

  

			
	Plan Name:	  	 

 The Plan Sponsor or Named Fiduciary selects the following Investment Funds for the above named plan: (At least three.)

  

					
	 	  	FUND NAME	  	TICKER SYMBOL
	 1.
	  	 	  	 
			
	 2.
	  	 	  	 
			
	 3.
	  	 	  	 
			
	 4.
	  	 	  	 
			
	 5.
	  	 	  	 
			
	 6.
	  	 	  	 

 The Plan Sponsor or Named Fiduciary selects the following Investment Fund to be the Plan’s Qualified Default
Investment Alternative: 
  

					
	 	  	FUND NAME	  	TICKER SYMBOL
	 1.
	  	 	  	 

 The Plan Sponsor or Named Fiduciary has decided not to select a Qualified Default Investment Alternative as a Default
option and selects the following alternative as the Default Fund: 
 The Plan Sponsor or Named Fiduciary has decided not to select a Qualified
Default Investment Alternative as a Default option and selects the following alternative as the Default Fund: 
  

					
	 	  	FUND NAME	  	TICKER SYMBOL
	 1.
	  	 	  	 

 In San Juan, Puerto Rico on the
                 Day of                     
200     

  
 21 

 Plan Sponsor or Named Fiduciary 

 

					
			
	Name:	  	 	  	
			
	Signed:	  	 	  	
			
	Print name and Title:	  	 	  	
	Date:	  	 	  	

  
 22 

 ADDENDUM B 
 POPULAR MASTER PLAN 
 ADDITIONAL EMPLOYER’S INFORMATION

 Employer Information (Complete even if only one Employer will adopt the Plan; attach additional sheets to provide information for
additional Employers adopting the Plan. References in this Adoption Agreement to any Employer shall be in reference to all employers adopting the Plan.) 
  

			
	Name of Employer:	  	 

  

			
	Address (Physical):	  	 

  
  

 

							
	 Telephone:
	  	 	  	Telefax:	  	 

 Name of Person for Banco Popular de Puerto Rico to Contact: Lesley White 

 

			
	Position:	  	 

  

											
	 Telephone:
	  	 	  	Telefax:	  	 	  	E-Mail:	  	 

  

			
	Employer tax identification number:	  	 

  

							
	 Type of business:
	  	Date of Organization:	  	
	  ̈
	  	Unincorporated Trade or Business	  	 	  	
	  ̈
	  	Partnership	  	 	  	
	  ̈
	  	Special Partnership	  	 	  	
	  ̈
	  	Regular Corporation	  	 	  	
	  ̈
	  	Corporation of Individuals	  	 	  	
	  ̈
	  	Corporation with Special Partnership Election	  	 	  	
	  ̈
	  	Other (specify) not for profit 501 ( c ) ( 4 )	  	 	  	

  

					
	Employer’s taxable year:	  	
			
	  ̈
	  	Calendar Year	  	
			
	  ̈
	  	Fiscal Year ending on  	  	 

  

									
	 Payroll frequency
	  	 ̈	  	Weekly	  	 ̈	  	Bi-Weekly
		  	 ̈	  	Semi-Monthly	  	 ̈	  	Monthly
		  	 ̈	  	Semi-Weekly	  	 ̈	  	Other

  
 23Indemnification Agreement, dated as of September 14, 2011

 Exhibit 10.1 
 INDEMNIFICATION AGREEMENT 
 This INDEMNIFICATION AGREEMENT (this
“Agreement”) is made as of September     , 2011 between FORTUNE BRANDS, INC., a Delaware corporation (“Indemnitor”), and FORTUNE BRANDS HOME & SECURITY, INC., a Delaware
corporation and, as of the date hereof, a direct wholly-owned subsidiary of Indemnitor (“Home & Security”). 
 W I T N E S S E T H: 
 WHEREAS, it is contemplated that Indemnitor and Home & Security will enter into a Separation and Distribution Agreement in September 2011 (the “Distribution Agreement”);

 WHEREAS, the execution and delivery of this Agreement by the parties hereto is a condition to the willingness of the parties
to the Distribution Agreement to consummate the Distribution (as defined in the Distribution Agreement); and 
 WHEREAS,
Indemnitor will benefit from, and therefore desires to facilitate the consummation of, the transactions contemplated by the Distribution Agreement; 
 NOW, THEREFORE, in consideration of the foregoing, the mutual agreements, provisions and covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows: 
 1. Indemnification. Subject to and conditioned
upon the Distribution becoming effective, Indemnitor agrees to indemnify Home & Security, its affiliates and each of their respective officers, directors, employees, stockholders, agents, representatives, successors and assigns, against and
hold them harmless from any loss, liability, claim, damage or expense (including reasonable legal fees and expenses) suffered or incurred by any such indemnified party arising from (i) any claim, investigation or proceeding alleging personal
injury, (ii) any claim, investigation or proceeding alleging fraud or (iii) any other claim, investigation or proceeding, in the case of each of clauses (i), (ii) and (iii), arising from smoking and health or fire-safe cigarette
matters relating to the tobacco business of any of Indemnitor’s predecessors, former subsidiaries, joint ventures or minority owned enterprises, including, without limitation, any such matter arising from or related to the development,
manufacture, packaging, labeling, production, delivery, sale, resale, distribution, advertising, marketing, promotion, use or consumption of, or exposure to (whether occurring before, on or after the date hereof), any tobacco products of, or
research in respect of smoking and health or fire-safe cigarette matters by, any of Indemnitor’s predecessors, former subsidiaries, joint ventures or minority owned enterprises. For the avoidance of doubt, any obligation of Indemnitor under
this Section 1 shall apply (x) with respect to currently existing claims, investigations and proceedings and with respect to any claims, investigations and proceedings that may arise subsequent to the date of this Agreement and
(y) regardless of Indemnitor’s right to recovery from any third party with respect to any claim, investigation or proceeding. For purposes of this Agreement, references to “affiliates” of Home & Security shall be deemed
to refer only to affiliates of Home & Security from and after the Distribution Date. 

 2. Procedures Relating to Indemnification Claims. (a) If any person (the
“indemnified party”) entitled to indemnification under this Agreement should have a claim against Indemnitor under this Agreement, the indemnified party shall deliver notice of such claim with reasonable promptness to
Indemnitor. The failure by any indemnified party so to notify Indemnitor shall not relieve Indemnitor from any liability which it may have to such indemnified party under this Agreement, except to the extent that Indemnitor shall have been actually
prejudiced as a result of such failure (except that Indemnitor shall not be liable for any expenses incurred during the period in which the indemnified party failed to give such notice). 

(b) If a claim for indemnification hereunder relates to an action, suit, investigation or proceeding against or involving the indemnified
party, Indemnitor shall assume the defense thereof with counsel selected by Indemnitor. From and after the time that Indemnitor assumes the defense of such matter, Indemnitor shall not be liable to the indemnified party for legal expenses
subsequently incurred by the indemnified party in connection with such defense. The indemnified party shall have the right to employ counsel, at its own expense, separate from the counsel employed by Indemnitor, but such counsel shall not have any
right to participate in the defense of such claim and Indemnitor shall control such defense in all respects but Home & Security and such counsel shall have the right to be kept fully informed of the progress of such defense. Indemnitor
shall be liable for the fees and expenses of counsel employed by the indemnified party for any period during which Indemnitor has failed to assume the defense of such matter (other than during any period in which the indemnified party shall have
failed to give notice of the matter to Indemnitor as provided herein). The indemnified party shall not unreasonably withhold or delay its consent to any settlement, compromise or discharge of such matter which Indemnitor may recommend. The
indemnified party shall not settle, compromise or discharge any claim covered by this Agreement without the prior written consent of Indemnitor. 
 (c) The indemnified party shall cooperate with Indemnitor in its defense of any matter covered by this Agreement, at the expense (including reasonable legal fees and expenses) of Indemnitor. Without
limiting the generality of the foregoing, the indemnified party shall, at the expense (including reasonable legal fees and expenses) of Indemnitor, (i) provide or cause to be provided to Indemnitor such information and assistance as Indemnitor
may reasonably request to defend any matter covered hereby, including without limitation in the case of Home & Security, the assistance of officers and employees of Home & Security and, to the extent that Home & Security
is reasonably able to cause it to be provided, the assistance of directors, agents and others acting on behalf of Home & Security, when reasonably considered necessary by Indemnitor to defend such matter, (ii) supply with reasonable
promptness to Indemnitor copies of all correspondence and documents relating to or in connection with such claim received or transmitted by the indemnified party and (iii) take or cause to be taken such action as Indemnitor may reasonably
require to defend a claim covered hereby. Except as required by law or legal process, Home & Security shall not, and, to the extent within Home & Security’s reasonable control, shall not permit any of its affiliates, officers,
directors, employees, agents or others acting on its behalf to, take any action or make any admission which adversely affects or could reasonably be foreseen to adversely affect the defense of any matter covered hereby or that could reasonably be
foreseen to be covered hereby and shall not, and shall not permit any of its affiliates, officers, directors, employees, agents or others acting on its behalf to, make any adverse public statement regarding any such matters. 

  
 2 

 (d) If an indemnified party shall have received full payment (an “Indemnity
Payment”) required by this Agreement from Indemnitor in respect of any indemnifiable losses and shall subsequently actually receive proceeds of any insurance policies or other amounts in respect of such indemnifiable losses, then such
indemnified party shall pay to Indemnitor a sum equal to the amount actually received (net of increased insurance premiums and charges related directly and solely to such indemnifiable losses and any expenses (including reasonable attorneys fees and
expenses) incurred by such indemnified party in connection with seeking to collect such insurance proceeds or other amounts, and up to but not in excess of the amount of any Indemnity Payment made hereunder). The parties acknowledge that an
indemnified party shall not be required to seek recovery of any proceeds of insurance policies. An insurer who would otherwise be obligated to pay any claim shall not be relieved of such responsibility, or have any subrogation rights with respect
thereto, solely by virtue of the indemnification provisions hereof, it being expressly understood and agreed that no insurer or any other third party shall be entitled to any benefit they would not be entitled to receive in the absence of the
indemnification provisions hereof. 
 (e) In determining the amount of any indemnifiable losses, such amount shall be
(i) reduced to take into account any net Tax (as defined in the Tax Allocation Agreement between Indemnitor and Home & Security) benefit realized by the indemnified party arising from the incurrence or payment by the indemnified party
of such indemnifiable losses and (ii) increased to take into account any net Tax cost incurred by the indemnified party as a result of the receipt or accrual of payments hereunder (grossed-up for such increase), in each case determined by
treating the indemnified party as recognizing all other items of income, gain, loss, deduction or credit before recognizing any item arising from such indemnifiable losses. It is the intention of the parties to this Agreement that indemnity payments
made pursuant to this Agreement are to be treated as relating back to the Distribution (as defined in the Distribution Agreement) as a capital contribution by Indemnitor to Home & Security, and the parties shall not take any position
inconsistent with such intention before any Tax authority, except to the extent that a final determination (as defined in Section 1313 of the Internal Revenue Code of 1986, as amended) with respect to the recipient party causes any such payment
not to be so treated. 
 3. Representations and Warranties of Indemnitor. Indemnitor represents and warrants to
Home & Security as follows: 
 (a) Indemnitor is a corporation duly incorporated, validly existing and in good standing
under the laws of the State of Delaware. Indemnitor has all requisite corporate power and authority to enter into this Agreement and to perform its obligations hereunder. All corporate acts and other proceedings required to be taken by Indemnitor to
authorize the execution, delivery and performance of this Agreement have been duly and properly taken. This Agreement has been duly executed and delivered by Indemnitor and constitutes a legal, valid and binding obligation of Indemnitor enforceable
against it in accordance with its terms, subject to the qualification, however, that enforcement of the rights and remedies created hereby is subject to bankruptcy and other similar laws of general application relating to or affecting the rights and
remedies of creditors and that the remedy of specific enforcement or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought. 

  
 3 

 (b) The execution and delivery of this Agreement by Indemnitor does not, and compliance
with the terms hereof will not, conflict with, or result in any violation of or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation to any person
under, or to increased, additional, accelerated or guaranteed rights or entitlements of any person under, or result in the creation of any lien, claim, encumbrance, security interest, option, charge or restriction of any kind upon any of the
properties or assets of it under, any provision of (i) its certificate of incorporation or bylaws, (ii) any material note, bond, mortgage, indenture, deed of trust, license, lease, contract, commitment, agreement or arrangement to which it
is a party or by which any of its properties or assets are bound or (iii) any judgment, order, decree, statute, law, ordinance, rule or regulation applicable to it or its properties or assets, other than, in the case of clause (ii) above,
any such items that, individually or in the aggregate, would not have a material adverse effect on the ability of it to perform its obligations hereunder. No consent, approval, license, permit, order or authorization of, or registration, declaration
or filing with, any government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality, domestic or foreign, is required to be obtained or made by or with respect to Indemnitor
or any of its affiliates in connection with the execution, delivery and performance of this Agreement by it. Home & Security acknowledges that it is aware of the terms of the various contracts which have been or will be entered into by
Indemnitor in connection with the Distribution Agreement and transactions associated therewith. 
 4. Covenants of
Indemnitor. Indemnitor agrees as follows: 
 (a) Subject to Section 4(b), Indemnitor will do or cause to be done
all things necessary to preserve and keep in full force and effect its corporate existence in accordance with its organizational documents and all laws applicable to the maintenance of its corporate existence. 

(b) Indemnitor shall not consolidate with or merge into any other person unless (i) the person formed by such consolidation or into
which Indemnitor is merged shall be duly organized and existing under the laws of the jurisdiction of its organization and shall expressly assume, by an instrument supplemental hereto, executed and delivered to Home & Security prior to or
contemporaneously with the consummation of such transaction, the performance of the obligations of Indemnitor under this Agreement and (ii) prior to and immediately after giving effect to such transaction, Indemnitor shall not be in default in
any material respect of its obligations under this Agreement. 
 (c) With the exception of bona fide charitable contributions,
Indemnitor shall not license, convey or transfer any assets on other than commercially reasonable, arm’s length terms. 

(d) Except for (i) transactions in the ordinary course of business (including bona fide charitable contributions) or
(ii) transactions the proceeds of which are reinvested in the business of Indemnitor, Indemnitor shall not license, convey or transfer, or cause to be licensed, conveyed or transferred, in one or a series of transactions in any period of ten
years, an aggregate of more than 25% in market value of the business or assets of Indemnitor, unless Indemnitor shall have complied with the provisions of Section 4(e). For purposes of this Section 4(d) the

  
 4 

 
value of the businesses or assets licensed, conveyed or transferred shall be taken at the respective dates of their license, conveyance or transfer and the limit (i.e., 25% of the market
value) shall be calculated at the date of the last such license, conveyance or transfer. In calculating the value of the businesses or assets licensed, conveyed or transferred for purposes of this Section 4(d) there shall be excluded any
licenses, conveyances or transfers to which Section 4 is not applicable by virtue of the application of Section 4(f) and any transaction where the provisions of Section 4(e) have been observed. 

(e) An Indemnitor shall not engage in any transaction that is restricted under Section 4(d) unless, in each such instance,
(i) the person or persons acquiring assets by such license, conveyance or transfer shall be duly organized and existing under the laws of the jurisdiction of its organization and shall expressly assume, by an instrument supplemental hereto,
executed and delivered to Home & Security prior to or contemporaneously with the consummation of such transaction, the performance of the entire obligations of Indemnitor under this Agreement and (ii) prior to and immediately after
giving effect to such transaction, Indemnitor shall not be in default in any material respect of its obligations under this Agreement; provided, however, that the acquiring party’s assumption of obligations hereunder shall be
limited in the aggregate to the total consideration paid by the acquiring party in respect of such license, conveyance or transfer. 
 (f) The restrictions on consolidations, mergers, licenses, conveyances and transfers in this Section 4 shall be applicable to transactions with any parent, subsidiary or affiliate of
Indemnitor as well as transactions with any unrelated person or persons, but shall not be applicable to a transaction with a person who has previously assumed, without limitation, the performance of all the obligations of Indemnitor under this
Agreement or transactions with a wholly-owned subsidiary of Indemnitor insofar as such subsidiary is subject, without limitation, to the constraints of this Section 4. 

(g) Notwithstanding any other provision of this Section 4 to the contrary, no license, conveyance or transfer requiring the
licensee or transferee to assume indemnification obligations under this Agreement shall be valid unless Home & Security may directly enforce the provisions of this Agreement against the party to whom the assets are being licensed, conveyed
or transferred notwithstanding that Home & Security is not or may not be a party to such license, conveyance or transfer. 
 (h) No consolidation, merger, license, conveyance or transfer permitted under this Section 4 shall limit or affect the obligations of Indemnitor hereunder. 

(i) At the request of any party that is or may become subject to the terms of this Agreement, Home & Security agrees to discuss
in good faith the modification of the provisions of this Section 4. 

  
 5 

 5. Notices. All notices, requests, claims, demands and other communications required
or permitted hereunder shall be in writing and shall be deemed given or delivered (a) when delivered personally, (b) if transmitted by facsimile when confirmation of transmission is received, (c) if sent by registered or certified
mail, postage prepaid, return receipt requested, on the third business day after mailing or (d) if sent by nationally recognized overnight courier, on the first business day following the date of dispatch; and shall be addressed as follows:

 If to Indemnitor: 
 Beam Inc. 
 500 Lake Cook Road 

Deerfield, Illinois 60015 
 Attention: General Counsel 
 Facsimile: (847) 948-8610 

If to Home & Security: 
 Fortune Brands Home & Security, Inc. 
 520 Lake Cook Road 

Deerfield, Illinois 60015 
 Attention: General Counsel 
 Facsimile: (847) 484-4490 

or to such other person or address as such party may have specified in a notice duly given to the other party as provided herein. 

6. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original instrument, but both of
which shall constitute one and the same instrument and shall become binding when the counterparts have been signed by and delivered to each of the parties hereto. 
 7. Entire Agreement. This Agreement contains the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements,
negotiations, discussions, understandings, writings and commitments between the parties with respect to such subject matter. Neither party hereto shall be liable or bound to the other party hereto in any manner by any representations, warranties or
covenants relating to such subject matter except as specifically set forth herein. Notwithstanding the foregoing, nothing contained in this Agreement shall be construed to relieve Indemnitor from any other indemnification obligations it may have
under the Distribution Agreement and the Tax Allocation Agreement, but an indemnified party shall not be entitled to recover in excess of the indemnifiable losses it suffers. 
 8. Jurisdiction. Indemnitor and Home & Security each irrevocably submits to the nonexclusive jurisdiction of (a) the Supreme Court of the State of New York, New York County, and
(b) the United States District Court for the Southern District of New York, for the purposes of any suit, action or other proceeding arising out of this Agreement. Each of Indemnitor and Home & Security agrees that service of process,
summons, notice or document by hand delivery or U.S. registered mail to such party’s respective address set forth in Section 5 shall be effective service of process for any action, suit or proceeding brought against Indemnitor or
Home & Security in any such court. Indemnitor and Home & Security each irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement in (i) the
Supreme Court of the State of New York, New York 

  
 6 

 
County, or (ii) the United States District Court for the Southern District of New York, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such
court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. 
 9.
Applicable Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York applicable to agreements made and to be performed entirely within such State, without regard to the conflicts of
law principles of such State. 
 10. Amendment; Waiver. No amendment, modification or waiver in respect of this Agreement
shall be effective unless in writing and signed by each party hereto. No delay or failure on the part of any party in exercising any rights hereunder, and no particular or single exercise thereof, will constitute a waiver of such rights or of any
other rights hereunder. 
 11. Titles and Headings. Titles and headings to sections herein are inserted for convenience
of reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement. 
 12.
Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining
provisions hereof. Any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 13. Warranties. Each party hereto acknowledges that it has not been induced to enter into this Agreement by any representation or warranty other than those contained herein and, having negotiated
and freely entered into this Agreement, agrees that it shall have no remedy under this Agreement in respect of any other such representation or warranty except in the case of fraud. 

14. Rights. The rights, powers, privileges and remedies provided in this Agreement are cumulative and are not exclusive of any
rights, powers, privileges or remedies provided by law or otherwise. No single or partial exercise of any right, power, privilege or remedy under this Agreement shall prevent any further or other exercise thereof or the exercise of any other right,
power, privilege or remedy. 
 15. Successors and Assigns. This Agreement and all of the provisions hereof shall be
binding upon and inure for the benefit of the parties hereto and their respective successors and permitted assigns. Indemnitor may not assign its rights and benefits under this Agreement, either in whole or in part, without the prior written consent
of Home & Security. Home & Security may assign its rights and benefits under this Agreement, either in whole or in part, provided that (a) the person or persons acquiring the benefit of such rights and benefits shall be
duly organized and existing under the laws of the jurisdiction of its organization, (b) prior to or contemporaneously with the consummation of such transaction, Home & Security delivers to Indemnitor (i) an instrument duly
executed and delivered by the assignee(s) for the benefit of Indemnitor containing the agreement by the assignee(s) to be bound by and to observe and 

  
 7 

 
perform the provisions of this Agreement and (ii) an opinion of counsel in form and substance reasonably satisfactory to Indemnitor that, from and after such assignment, the assignee(s) will
be bound by and required to observe and perform the provisions of this Agreement and that Indemnitor may directly enforce the provisions of this Agreement against the assignee(s) notwithstanding that Indemnitor is not party to such assignment and
(c) prior to and immediately after giving effect to such transaction, Home & Security shall not be in default in any material respect of its obligations under this Agreement. 

* * * * * 

  
 8 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the
date first above written. 
  

			
	FORTUNE BRANDS, INC.
		
	By	 	 /s/ Craig P. Omtvedt

		 	Name: Craig P. Omtvedt
		 	Title: Senior Vice President and Chief Financial Officer
	
	FORTUNE BRANDS HOME & SECURITY, INC.
		
	By	 	 /s/ Christopher J. Klein

		 	Name: Christopher J. Klein
		 	Title: President and Chief Executive Officer

 Indemnification Agreement

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