Document:

Exhibit

MIDSOUTH BANCORP, INC.
PERFORMANCE-BASED RESTRICTED STOCK UNIT GRANT AGREEMENT

THIS AGREEMENT, is made between MIDSOUTH BANCORP, INC. (“MidSouth”) and ____________ (the “Participant”) as of the Grant Date (as defined below).
 
WHEREAS, MidSouth has adopted and maintains the 2007 Omnibus Incentive Compensation Plan (as amended and restated effective May 23, 2012) (the “Plan”) to provide certain key persons, on whose initiative and efforts the successful conduct of the business of MidSouth depends, with incentives to: (a) enter into and remain in the service of MidSouth, (b) acquire a proprietary interest in the success of MidSouth, (c) maximize their performance and (d) enhance the long-term performance of MidSouth;
 
WHEREAS, the Plan provides that the Compensation Committee of the Board of Directors of MidSouth (the “Committee”) shall administer the Plan and determine the key persons to whom awards shall be granted and the amount, type and terms  of such awards; and
 
WHEREAS, the Committee  has determined that the purposes of the Plan would be furthered by granting the Participant an award under the Plan as set forth in this Agreement;
 
NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto hereby agree as follows:
 
1.Grant of Performance-Based Restricted Stock Units.  Pursuant to, and subject to, the terms and conditions set forth in this Agreement and in the Plan, the Committee hereby grants to the Participant the number of performance-based restricted stock units set forth on Exhibit A as more particularly described herein (each, an “RSU”).  Upon  satisfaction of the Performance Objectives set forth on Exhibit A, or as otherwise provided herein, the RSUs shall become vested and payable, and each RSU will entitle the Participant to receive upon settlement one share of MidSouth’s Common Stock with respect to each RSU that becomes vested and payable under the terms and conditions of this Agreement, which shares of MidSouth’s Common Stock (the “Restricted Stock”) shall be nontransferable and subject to a substantial risk of forfeiture unless and until such Restricted Stock becomes vested and nonforfeitable under the terms and conditions set forth below. 

2.    Grant Date.  The Grant Date of the RSUs is _________  __, 20__.
 
3.    Incorporation of Plan.  All terms, conditions and restrictions of the Plan are incorporated herein and made part hereof as if stated herein.  If there is any conflict between the terms and conditions of the Plan and this Agreement, the terms and conditions of the Plan, as interpreted by the Committee, shall govern.  Except as otherwise provided herein, all capitalized terms used herein shall have the meaning given to such terms in the Plan.

4.    Terms of the RSUs. The RSUs are subject to the following terms and conditions: 

(a)    Vesting of RSUs 

(i)    Except as otherwise provided below, the RSUs shall be considered “performance-based” and shall become vested and payable as of the date after the

30867675 

 completion of the Measurement Period that the Committee certifies achievement, if any, of the Performance Objectives (the “RSUs Determination Date”) with respect to that number of RSUs set forth on Exhibit A that correlates to the level of the Performance Objectives achieved, if any, as set forth on Exhibit A, as determined by the Committee in its sole discretion, provided the Participant has been continuously employed by, or providing services to, MidSouth or any of its subsidiaries from the Grant Date until the RSUs Determination Date.  Notwithstanding any other provision of this Agreement, none of the RSUs shall become vested and payable if the Performance Objectives set forth on Exhibit A are not achieved as of the RSUs Determination Date.  

(ii)    Except as otherwise set forth herein, if the Participant ceases to be employed by MidSouth or any of its subsidiaries for any reason prior to the RSUs Determination Date (including due to Participant’s death, disability or retirement), all RSUs that are not then vested and payable shall be forfeited without any payment whatsoever to the Participant.  For purposes of this Agreement, the Participant will be deemed to have terminated employment as of his or her last day of active work for MidSouth and its subsidiaries; provided, however that the Participant shall be deemed to be actively at work during any period the Participant is on approved medical leave or during any protected reemployment period applicable to military leave or otherwise.

(iii)    In the event of the occurrence of a Change of Control, as defined in Article 12 of the Plan, as in effect on the date of such occurrence, prior to the end of the Measurement Period, the RSUs shall become vested and payable on the date of such Change in Control as if the target level of the Performance Objectives was achieved, provided the Participant has been continuously employed by, or providing services to, MidSouth or any of its subsidiaries from the Grant Date until the date of the Change in Control.  In the event of the occurrence of such a Change of Control after the Measurement Period and before the RSUs Determination Date, the RSUs shall become vested and payable on the date of such Change in Control based on the level of the Performance Objectives achieved for the Measurement Period, provided the Participant has been continuously employed by, or providing services to, MidSouth or any of its subsidiaries from the Grant Date until the date of the Change in Control.  

(b)    No Rights as a Shareholder.  Before the RSUs become vested and payable and settled in Restricted Stock, the Participant will not have any rights of a shareholder with respect to the underlying Common Stock and will not have any right to receive dividends on or vote such shares of Common Stock.  

(c)    Settlement of RSUs.  

(i)    Committee Certification.  As soon as practicable after the completion of the Measurement Period, the Committee will determine to what extent, if any, that the Performance Objectives have been achieved and the resulting number, if any, of RSUs that have vested and become payable as of the RSUs Determination Date. The Committee’s determination shall be set forth in writing, as part of the minutes of a meeting of the Committee, by unanimous consent or otherwise.  Notwithstanding the preceding sentences, a written determination of the Committee shall not be required in

30867675 

 the case of Performance Shares that are earned pursuant to the provisions of Section 4(a)(iii).

(ii)    Issuance of Restricted Stock.  As soon as practicable and no later than thirty (30) days after RSUs Determination Date, MidSouth shall issue shares of Restricted Stock under the Plan in settlement of the RSUs, if any, that have become vested and payable as of the RSU Settlement Date, and such shares of Restricted Stock shall otherwise be subject to the terms of Section 5.  If the RSUs become vested and payable as of a Change in Control pursuant to the provisions of Section 4(a)(iii), however, the shares of Restricted Stock shall be issued to the Participant on the date of such Change in Control, and such shares of Restricted Stock shall be vested and nonforfeitable in full on the date of such Change in Control.

5.    Terms of the Restricted Stock. The shares of Restricted Stock, if any, issued in settlement of the vested RSUs are subject to the following terms and conditions:

(a)    Vesting of Restricted Stock. 
 
(i)    Except as provided for in Section 5(a)(ii) and 5(a)(iii) hereof, the Restricted Stock shall become vested and nonforfeitable at the time set forth on Exhibit A (the “Final Vesting Date”), provided the Participant has been continuously employed by, or providing services to, MidSouth or any of its subsidiaries from the Date of Grant until such Final Vesting Date.

(ii)     In the event of the occurrence of a Change of Control, as defined in Article 12 of the Plan, as in effect on the date of such occurrence, after the RSUs Determination Date and prior to the Final Vesting Date, the Restricted Stock shall become vested and nonforfeitable in full on the date of such Change in Control, provided the Participant has been continuously employed by, or providing services to, MidSouth or any of its subsidiaries from the Grant Date until the date of the Change in Control.

(iii)    In the event of the termination of Participant’s employment by reason of the Participant’s death, disability or retirement (only if such retirement is approved in advance by the Committee and deemed to vest the Restricted Stock), after the RSUs Determination Date and prior to the Final Vesting Date, the Restricted Stock shall become vested and nonforfeitable in full upon termination of the Participant’s employment.  For purposes of this Agreement, any determination of a Participant’s disability shall be made in the sole and absolute discretion of the Committee.

(iv)    Except as otherwise set forth herein, if the Participant ceases to be employed by MidSouth or any of its subsidiaries for any reason, all shares of Restricted Stock that are not then vested shall be forfeited without any payment whatsoever to the Participant.  For purposes of this Agreement, the Participant will be deemed to have terminated employment as of his or her last day of active work for MidSouth and its subsidiaries; provided, however that the Participant shall be deemed to be actively at work during any period the Participant is on approved medical leave or during any protected reemployment period applicable to military leave or otherwise.

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(b)    Rights as a Shareholder.  While the shares of Restricted Stock remain subject to forfeiture in accordance with this Agreement, the Participant will have all rights of a shareholder with respect to the Restricted Stock upon its issuance in settlement of the RSUs, including the right to receive dividends (as described herein) and vote the shares; provided, however, that during such period (i) Participant may not sell, transfer, pledge, exchange, hypothecate or otherwise dispose of the shares as set forth in Section 6 and (ii) MidSouth (or a custodian selected by MidSouth) shall retain custody of any certificates evidencing the shares of Restricted Stock.  In lieu of retaining custody of any certificates evidencing the Restricted Stock, the shares of Restricted Stock granted under this Agreement, may, in MidSouth’s discretion, be held in escrow by MidSouth or reflected in MidSouth’s books and records, until Participant’s interest in such shares becomes vested and nonforfeitable.  With respect to any Restricted Stock forfeited under this Agreement, Participant does hereby irrevocably constitute and appoint the Secretary of MidSouth or any successor Secretary of MidSouth (the “Secretary”) as his or her attorney to transfer the forfeited shares of Restricted Stock on the books of MidSouth with full power of substitution in the premises.  The Secretary shall use such authority to cancel any shares of Restricted Stock that are forfeited under this Agreement.  The Participant will be entitled to receive any dividends payable on the Restricted Stock provided the Participant has been continuously employed by, or providing services to, MidSouth or any of its subsidiaries from the issuance of the Restricted Stock until the record date of the dividends and provided the payment date of the dividends is no later than the 15th day of the third month following the end of the calendar year in which the record date occurs.  The right to receive dividends on the Restricted Stock shall be treated as a separate right for purposes of Section 409A of the Code.  

6.    Restrictions on Transferability. Neither the RSUs nor the Restricted Stock are transferable until the Restricted Stock is issued and becomes vested and nonforfeitable in full.  If Restricted Stock is issued in settlement of a vested RSU, until the Restricted Stock vests and becomes nonforfeitable in accordance with Section 5(a), the Participant shall not transfer the Participant’s rights to such share of Restricted Stock or to any rights related thereto. Any attempt to transfer unvested RSUs or shares of Restricted Stock or any rights related thereto, whether by transfer, pledge, hypothecation or otherwise and whether voluntary or involuntary, by operation of law or otherwise, shall not vest the transferee with any interest or right in or with respect to such RSUs or shares of Restricted Stock or such related rights except as specified in the Plan.
 
7.    Withholding.   The Participant shall be responsible for satisfying all applicable income and employment tax withholding obligations with respect to the vesting and payment of the RSUs and the vesting of any Restricted Stock granted pursuant to this Agreement, which obligations may be satisfied in accordance with Section 11.7 of the Plan.  If the Participant does not satisfy his or her withholding obligations as required by applicable law, MidSouth shall withhold the amount from any payments MidSouth makes to the Participant necessary to satisfy such obligations or take such other actions including but not limited to withholding delivery of any certificates relating to any shares of Common Stock to be delivered hereunder.
 
8.    Right of Discharge Preserved. Nothing in this Agreement shall confer upon the Participant the right to continue in the employ or other service of MidSouth or any of its subsidiaries, or affect any right which MidSouth or any of its subsidiaries may have to terminate such employment or service.

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 9.    Integration.  This Agreement contains the entire understanding of the parties with respect to its subject matter.  There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings with respect to the subject matter hereof other than those expressly set forth herein.  This Agreement, including, without limitation, the Plan, supersedes all prior agreements and understandings between the parties with respect to its subject matter.

10.    Section 409A.  Notwithstanding any other provision of this Agreement, it is intended that payments hereunder will not be considered deferred compensation within the meaning of Section 409A of the Code.  For purposes of this Agreement, all rights to payments hereunder shall be treated as rights to receive a series of separate payments and benefits to the fullest extent allowed by Section 409A of the Code.  Payments hereunder are intended to satisfy the exemption from Section 409A of the Code for short-term deferrals and/or restricted stock.  For purposes of this Agreement, any action taken hereunder shall be undertaken in a manner that will not negatively affect the exempt status of the RSUs or Restricted Stock unless such action otherwise complies with Section 409A of the Code to the extent necessary to avoid noncompliance.  Notwithstanding the preceding, neither MidSouth nor any affiliate shall be liable to the Participant or any other person if the IRS or any court or other authority having jurisdiction over such matter determines for any reason that any payments hereunder are subject to taxes, penalties or interest as a result of failing to be exempt from, or comply with, Section 409A of the Code.
 
11.    Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument.
 
12.    Governing Law.  This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Louisiana, without regard to the provisions governing conflict of laws.

13.    Limitation on Rights; No Right to Future Grants; Extraordinary Item.   By entering into this Agreement and accepting the award, Participant acknowledges that: (i) Participant's participation in the Plan is voluntary; (ii) the value of the award is an extraordinary item which is outside the scope of any employment contract with Participant; (iii) the award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's forfeiture of any unvested portion of the award as a result of Participant's Termination of Service with MidSouth or any subsidiary for any reason; and (iv) in the event that Participant is not a direct employee of MidSouth or any subsidiary, the grant of the award will not be interpreted to form an employment relationship with MidSouth or any subsidiary and the grant of the award will not be interpreted to form an employment contract with the Participant's employer, MidSouth or any subsidiary.  MidSouth shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's rights or privileges hereunder.

14.    Participant Acknowledgment.  The Participant hereby acknowledges receipt of a copy of the Plan.  The Participant hereby acknowledges that all decisions, determinations and interpretations of the Committee in respect of the Plan, this Agreement and the RSUs and the Restricted Stock shall be final and conclusive.

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IN WITNESS WHEREOF, MidSouth has caused this Agreement to be duly executed by its duly authorized officer, and the Participant has hereunto signed this Agreement on his own behalf, thereby representing that Participant has carefully read and understands this Agreement and the Plan as of the day and year first written above.

MIDSOUTH BANCORP, INC.
 

By:___________________________
Chairman of the Compensation Committee of the Board of Directors

ACCEPTED AND AGREED TO:

_______________________________

Participant
        

30867675 

EXHIBIT A 
TO
MIDSOUTH BANCORP, INC.
PERFORMANCE-BASED RESTRICTED STOCK UNIT GRANT AGREEMENT

	
		
	Participant Name:
	________________________

	 
	 

	Number of Performance-Based Restricted Stock Units:
	________________________

	 
	 

	Measurement Period:
	________________________

	 
	 

	Performance Objective for RSUs:
	

________________________

	 
	 

	Vesting Schedule for Restricted Stock issued if Performance Objective is Achieved and RSUs become vested:
	________________________

30867675EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 

AMENDMENT NO. 7 

AMENDMENT NO. 7 TO THE CREDIT AGREEMENT, dated as of May 8, 2017 (this “Amendment”), among THE
SHERWIN-WILLIAMS COMPANY, an Ohio corporation (the “Company”), the Lenders party hereto, CITICORP USA, INC. (“CUSA”), as Administrative Agent, and CUSA, as Issuing Bank (in such capacity, the
“Issuing Bank”). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement referred to below. 

PRELIMINARY STATEMENTS: 

(1) The Company, the Administrative Agent, the Lenders from time to time party thereto and the Issuing Bank are parties to that certain Credit
Agreement, dated as of May 9, 2016 (as amended by Amendment No. 1 to the Credit Agreement, dated as of May 12, 2016, Amendment No. 2 to the Credit Agreement, dated as of June 20, 2016, Amendment No. 3 to the Credit
Agreement, dated as of August 1, 2016, Amendment No. 4 to the Credit Agreement, dated as of January 31, 2017, Amendment No. 5, dated as of February 13, 2017, and Amendment No. 6, dated as of February 27, 2017, the
“Credit Agreement”). 
 (2) The Company has requested, and the Administrative Agent and the Lenders have agreed, on
the terms and conditions set forth herein, to amend the Credit Agreement as specified herein. 
 NOW, THEREFORE, in consideration of the
premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 

SECTION 1. Amendments to Credit Agreement. Upon, and subject to, the satisfaction or waiver in accordance with Section 9.02 of the
Credit Agreement of the conditions precedent set forth in Section 2 below, the Credit Agreement is hereby amended as follows: 
 (a) The
following new definition is included in Section 1.01 of the Credit Agreement in the proper alphabetical order as follows: 

““Amendment No. 7 Effective Date” means May 8, 2017.”

 (b) The following definition in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

““Commitment” means, with respect to each Lender, the commitment of such Lender to acquire
participations in the Letter of Credit and to make Loans, as such commitment may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased from time to time pursuant to assignments by or to such Lender
pursuant to Section 9.04 or (c) reduced or increased from time to time pursuant to an amendment hereto. The amount of each Lender’s Commitment on the Amendment No. 7 Effective Date is set forth on Schedule 2.01, or in the
Assignment and Acceptance pursuant to which such Lender shall have assumed its Commitment, as applicable.” 

  

					
		 	1	 	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 7 to Credit Agreement

 “”Maturity Date” means June 20, 2021;
provided, however, that (i) with respect to the Commitments in the aggregate amount of $150,000,000, the Maturity Date shall mean December 20, 2021, and (ii) with respect to the Commitments in the aggregate amount of
$75,000,000, the Maturity Date shall mean June 20, 2022.” 
 (c) Schedule 2.01 of the Credit Agreement is hereby amended and
restated in its entirety as set forth in Schedule 2.01 attached hereto. 
 SECTION 2. Conditions of Effectiveness. Section 1 of
this Amendment shall become effective on the date (the “Amendment No. 7 Effective Date”) on which: 

(a) the Administrative Agent shall have received a counterpart signature page of this Amendment duly executed by (i) the Company,
(ii) the Administrative Agent, (iii) the Lenders, and (iv) the Issuing Bank or, as to any of the foregoing parties, written evidence reasonably satisfactory to the Administrative Agent that such party has executed this Amendment; 

(b) the Administrative Agent shall have received one or more counterparts of the Fee Letter Amendment No. 7, dated as of May 8, 2017
(the “Fee Letter Amendment No. 7”), duly executed by the Company and Citicorp USA, Inc. 

SECTION 3. Effect of this Amendment, Etc. 

(a) Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or
otherwise affect the rights and remedies of the Issuing Bank, the Lenders or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. 

(b) Nothing herein shall be deemed to entitle the Company to a consent to, or a waiver, amendment, modification or other change of, any of the
terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. 

(c) After the Amendment No. 7 Effective Date, each reference in any Loan Document to the Credit Agreement, to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as modified hereby. This Amendment shall constitute a “Loan Document” for all
purposes of the Credit Agreement and the other Loan Documents. 

  

					
		 	2	 	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 7 to Credit Agreement

 SECTION 4. Representations and Warranties. The Company represents and warrants to the
Administrative Agent and the Lenders that, on and as of the date hereof and on and as of the Amendment No. 7 Effective Date: 
 (a) (i)
The execution, delivery and performance by the Company of this Amendment and the transactions contemplated hereby have been duly authorized by all necessary corporate action, and (ii) this Amendment has been duly executed and delivered by the
Company and constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium or similar laws of general applicability relating to or affecting creditors’ rights generally and subject to general principals of equity, regardless of whether considered in a proceeding in equity or at law. 

(b) The representations and warranties of the Company contained in the Credit Agreement and any other Loan Document are true and correct in all
material respects; provided that, to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date. 

(c) Both before and after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing. 

SECTION 5. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery by telecopier or other form of electronic communication of an executed
counterpart of a signature page to this Amendment shall be effective as delivery of an original executed counterpart of this Amendment. 

SECTION 6. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

 SECTION 7. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 8. Jurisdiction; Consent to Service of Process. 

(a) The Company hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme
Court of the State of New York 

  

					
		 	3	 	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 7 to Credit Agreement

 
sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising
out of or relating to this Amendment, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and
determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by law. Nothing in this Amendment shall affect any right that the Administrative Agent or any Lender or the Issuing Bank may otherwise have to bring any action or proceeding relating to this
Amendment against the Company or its properties in the courts of any jurisdiction. 
 (b) The Company hereby irrevocably and unconditionally
waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Amendment in any court referred to in
subsection (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  

					
		 	4	 	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 7 to Credit Agreement

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

					
	THE SHERWIN-WILLIAMS COMPANY
		
	By:	 	 /s/ Jeffrey J. Miklich

		 	Name:	 	Jeffrey J. Miklich
		 	Title: Vice President and Treasurer

  

  

					
		 		 	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 7 to Credit Agreement

 
					
	CITICORP USA, INC.,
	as Administrative Agent and as Issuing Bank
		
	By:	 	 /s/ David Jaffe

		 	Name:	 	David Jaffe
		 	Title: Vice President

  

					
		 		 	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 7 to Credit Agreement

 
					
	 CITIBANK, N.A.,
 as
Lender

		
	By:	 	 /s/ John Chun

		 	Name:	 	 John Chun

		 	Title: Vice President

  

					
		 		 	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 7 to Credit Agreement

 Schedule 2.01 

Commitments 
  

	A.	For the period ending on June 20, 2021: 

  

					
	 Lender
	  	Commitment	 
	 Citibank, N.A.
	  	$	425,000,000	 
		  	  
	  
	 
	 Total
	  	$	425,000,000	 
		  	  
	  
	 

  

	B.	For the period from and including June 21, 2021 to and including December 20, 2021: 

  

					
	 Lender
	  	Commitment	 
	 Citibank, N.A.
	  	$	225,000,000	 
		  	  
	  
	 
	 Total
	  	$	225,000,000	 
		  	  
	  
	 

  

	C.	For the period from and including December 21, 2021 to and including June 20, 2022: 

  

					
	 Lender
	  	Commitment	 
	 Citibank, N.A.
	  	$	75,000,000	 
		  	  
	  
	 
	 Total
	  	$	75,000,000	 
		  	  
	  
	 

  

					
		 	Schedule 2.01 – 1	 	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 7 to Credit Agreement

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