Document:

Restricted Stock Unit Award Agreement

 Exhibit 10.54 
 THE DUN & BRADSTREET CORPORATION 
 2009
STOCK INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AWARD 
 February 11, 2010 
 This RESTRICTED STOCK UNIT
AWARD (this “Award”) is being granted to Steven W. Alesio (the “Participant”) as of this 11th day of February, 2010 (the “Award Date”) by THE DUN & BRADSTREET CORPORATION (the
“Company”) pursuant to THE DUN & BRADSTREET CORPORATION 2009 STOCK INCENTIVE PLAN (the “Plan”). Capitalized terms not defined in this Award have the meanings ascribed to them in the Plan.

 1. Grant of Restricted Stock Units. The Company hereby awards to the Participant pursuant to the Plan
23,748 restricted stock units (“RSUs”). Each RSU constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the Participant, subject to the terms of this Award and the Plan (collectively,
the “Plan Documents”), one share of the Company’s common stock, par value $.01 (“Share”) on the delivery date as provided herein. Until delivery of the Shares, the Participant has only the rights of a general
unsecured creditor of the Company, and no rights as a shareholder of the Company. 
 2. Vesting. Subject
to Sections 3, 4 and 8 below, the restrictions on the applicable percentage of the RSUs shall lapse and such percentage of the RSUs shall vest on each “Vesting Date” set forth in the following schedule provided the
Participant remains in the continuous active employ of the Company or its Affiliates during the period commencing on the Award Date and through and including June 30, 2010: 
  

					
	 Vesting Date
	  	Percentage of RSUs Vested	  	# of RSUs Vested
	 February 11, 2011
	  	20%	  	4,749
	 February 11, 2012
	  	30%	  	7,125
	 February 11, 2013
	  	50%	  	11,874

 Subject to Section 8 below, the Company may cause such number of RSUs to vest as may be
necessary to satisfy any Tax-Related Items (as defined in Section 8 below) that may arise before the Vesting Dates. 
 3. Termination of Employment Before June 30, 2010. If the Participant’s employment with the Company and its Affiliates terminates for any reason, other than a termination made by the
Company without Cause (as defined in that certain Employment Agreement dated as of December 31, 2004, as amended, by and between the Company and Participant), prior to June 30, 2010, the Participant shall forfeit all rights to and
interests in the RSUs. If the Participant’s employment with the Company and its Affiliates is terminated by the Company without Cause prior to June 30, 2010, the Participant’s rights under this Award shall continue as if such
employment terminated on or after June 30, 2010, pursuant to Section 4 of this Award. 
 4.
Termination of Employment On or After June 30, 2010. The termination of Participant’s employment with the Company or one of its Affiliates on or after June 30, 2010 shall not affect the vesting of any unvested RSUs, which shall
continue to vest pursuant to the Vesting Dates in Section 2 in the event of any such employment termination. If on or after June 30, 2010 the participant dies or becomes disabled, any unvested RSUs shall become fully vested as of the date
of such event. “Disability” for purposes of this Award shall mean that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to
result in death or can be expected to last for a continuous period of not less than 12 months. 
 5.
Voting. The Participant will not have any rights of a shareholder of the Company with respect to RSUs until delivery of the underlying Shares. 
 6. Dividend Equivalents. Unless the Committee determines otherwise, in the event that a dividend is paid on Shares, an amount equal to such dividend shall be credited for the benefit of the
Participant based on the number of RSUs credited to the Participant as of the dividend record date, and such credited dividend amount shall be in the form of an additional number of RSUs (which 
  

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 may include fractional RSUs) based on the Fair Market Value of a Share on the dividend
payment date. The additional RSUs credited in connection with a dividend will be subject to the same restrictions as the RSUs in respect of which the dividend was paid, including, without limitation, the provisions governing the time and form of
payment applicable to the associated RSUs. 
 7. Transfer Restrictions. The RSUs are non-transferable and
may not be assigned, pledged or hypothecated and shall not be subject to execution, attachment or similar process. Upon any attempt to effect any such disposition, or upon the levy of any such process, the unvested RSUs shall immediately be
forfeited. 
 8. Withholding Taxes. a) Regardless of any action the Company or the Participant’s
employer (the “Employer”) takes with respect to any or all income tax, social insurance, payroll tax or other tax-related items related to the Participant’s participation in the Plan (“Tax-Related Items”), the
Participant acknowledges that the ultimate liability for all Tax-Related Items legally due by the Participant is and remains the Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer. The
Company or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the RSU grant, including the grant, vesting or settlement of the RSU, the subsequent sale of
Shares acquired and the receipt of any dividend equivalents or dividends; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the RSU to reduce or eliminate the Participant’s liability
for Tax-Related Items or achieve any particular tax result. Further, if the Participant has become subject to tax in more than one jurisdiction between the Award Date and the date of any relevant taxable event, the Company or Employer (or former
employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 b)
Notwithstanding anything to the contrary contained in this Award, it is a condition to the obligation of the Company to issue and deliver the Shares that the Participant shall pay or make adequate arrangements satisfactory to the Company 

 

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 or the Employer to satisfy all withholding of Tax-Related Items of the Company or the
Employer. In this regard, the Participant authorizes the Company or the Employer, or their respective agents, at their discretion, to withhold all applicable Tax-Related Items by one or a combination of the following: (1) withholding from a
payment of cash from the Participant, (2) withholding from the Participant’s wages or other cash compensation paid to the Participant by the Company or the Employer, (3) from proceeds of the sale of the Shares, either through a
voluntary sale or through a mandatory sale arranged by the Company (on the Participant’s behalf pursuant to this authorization), or (4) withholding from Shares to be issued upon vesting of the RSU. Anything in this Section 8 to the
contrary notwithstanding, the right of the Company or the Employer to withhold any Tax-Related Items for any portion of the Award that is considered deferred compensation subject to Section 409A shall be limited to the minimum amount permitted
to avoid a prohibited acceleration under Section 409A. 
 c) To avoid negative accounting treatment, the
Company may withhold or account for Tax-Related Items (including withholding pursuant to applicable tax equalization policies of the Company or its Affiliates) by considering applicable minimum statutory withholding amounts or other applicable
withholding rates. If the Company withholds in shares, it may deduct from the total number of Shares that have become vested that number of Shares having a Fair Market Value equal to the applicable amount of withholding taxes due. 
 d) Finally, the Participant shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the
Employer may be required to withhold as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the sale of
Shares if the Participant fails to comply with the Participant’s obligations in connection with the Tax-Related Items as described in this section. 
 9. Change in Control. If there is a Change in Control of the Company, any unvested RSUs shall become fully vested as of the date of the Change in Control. 
  

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 10. Delivery of Shares. RSUs shall be settled on (a) the Vesting
Date or, (b) if applicable, the earliest vesting event contemplated under (i) Section 4 in connection with the Participant’s death or disability or (ii) Section 9 in connection with a Change in Control; provided,
however, that if the Change in Control is not a “change in control event” within the meaning of Section 409A, the RSUs shall become fully vested, but the Shares shall be delivered on the earliest of the Vesting Date, the
Participant’s death or Disability. Until the Company determines otherwise, delivery of Shares on each applicable Vesting Date or vesting event will be administered by the Company’s transfer agent or an independent third-party broker
selected from time to time by the Company. 
 11. Change in Capital Structure. The terms of this Award,
including the number of RSUs, shall be adjusted in accordance with Section 13 of the Plan as the Committee determines is equitably required in the event the Company effects one or more stock dividends, stock split-ups, subdivisions or
consolidations of Shares or other similar changes in capitalization. 
 12. Detrimental Conduct Agreement.
The obligations of the Company under this Award are subject to the Participant’s timely execution, delivery and compliance with the Detrimental Conduct Agreement in the form provided by the Company to the Participant. The Company shall provide
the Detrimental Conduct Agreement to the Participant within 30 days of the date it delivers this Agreement and in a manner determined by the Company, including electronically. 
 13. Section 409A. This Award is intended to comply with Section 409A and the Treasury Regulations relating
thereto so as not to subject the Participant to the payment of additional taxes and interest under Section 409A. In furtherance of this intent, this Agreement will be interpreted, operated, and administered in a manner consistent with these
intentions. The Committee may modify the terms of the Plan Documents, without the consent of the Participant, beneficiary or such other person, in the manner that the Committee may reasonably and in good faith determine to be necessary or advisable
in order to comply with Section 409A and to avoid the imposition of any penalty tax or other adverse tax consequences under Section 409A. This Section 13 does not create an 
  

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 obligation on the part of the Company to modify the Plan Documents and does not guarantee
that the RSUs will not be subject to taxes, interest and penalties or any other adverse tax consequences under Section 409A. 
 14. Entire Agreement. The Plan is incorporated herein by reference and a copy of the Plan can be requested from the Corporate Secretary Department, The Dun & Bradstreet Corporation, 103
JFK Parkway, Short Hills, New Jersey 07078. The Plan Documents constitute the entire agreement and understanding of the parties hereto with respect to the subject matter hereof and supersede all prior understandings and agreements with respect to
such subject matter. To the extent any provision of this Award is inconsistent or in conflict with any term or provision of the Plan, the Plan shall govern. Any action taken or decision made by the Committee arising out of or in connection with the
construction, administration, interpretation or effect of this Award shall be within its sole and absolute discretion and shall be final, conclusive and binding on the Participant and all persons claiming under or through the Participant.

 15. No Rights to Continued Employment. Nothing contained in the Plan or this Agreement shall give the
Participant any right to be retained in the employment of the Company or its Affiliates or affect the right of any such employer to terminate the Participant. The adoption and maintenance of the Plan shall not constitute an inducement to, or
condition of, the employment of any Participant. The Plan is a discretionary plan, and participation by the Participant is purely voluntary. Participation in the Plan with respect to this award shall not entitle the Participant to participate with
respect to any other award. Any payment or benefit paid to the Participant with respect to this Award shall not be considered to be part of the Participant’s “salary,” and thus, shall not be taken into account for purposes of
determining the Participant’s termination indemnity, severance pay, retirement or pension payment, or any other employee benefits, except to the extent required under applicable law. 
 16. Successors and Assigns. This Award shall be binding upon and inure to the benefit of all successors and assigns of
the Company and the Participant, including without limitation, the estate of the Participant and the executor, administrator or trustee of such estate or any receiver or trustee in bankruptcy or representative of the Participant’s creditors.

  

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 17. Severability. The terms or conditions of this Award shall be
deemed severable and the invalidity or unenforceability of any term or condition hereof shall not affect the validity or enforceability of the other terms and conditions set forth herein. 
 18. Governing Law. This Award shall be governed by the laws of the State of New Jersey, U.S.A., without regard to
choice of laws principles thereof. 
 IN WITNESS WHEREOF, this Restricted Stock Unit Award has been duly executed as of the date
first written above. 
  

			
	THE DUN & BRADSTREET CORPORATION
		
	 By:
	 	 /s/ Patricia A. Clifford

		 	Patricia A. Clifford
		 	Leader, Winning Culture

  

 -7-Exhibit 10.04

 Exhibit 10.04 

 

 

 AGREEMENT AND GENERAL RELEASE 
 This Agreement and General Release (“Agreement”) is entered into by and between Under Armour, Inc. (the “Company”) and
Suzanne Karkus (“Employee”) to resolve any and all disputes concerning the Employee’s employment with the Company and the Employee’s separation from employment. The effective date of this Agreement is the eighth day after
the Employee signs it, on the condition that she does not revoke it, as described below (the “Effective Date”). 
 In
exchange for the consideration and mutual promises set forth herein, the parties do hereby agree as follows: 
 1.
Separation Date and Consideration. The Company and Employee hereby agree that Employee’s employment will end on February 16, 2010 (the “Separation Date”). 
 The parties agree that they shall treat the Separation Date as the date on which the Employee resigned her employment with the Company. On
the Separation Date (and not prior to that date) the Employee agrees to sign the General Release Agreement attached as Exhibit A. The parties acknowledge that the General Release Agreement provides the Company with a release for any claims or
actions that may arise between the Effective Date of this Agreement and the Employee’s Separation Date. On the condition that the Employee adheres to her obligations in this Agreement, the Company agrees to do the following after the effective
date of the attached General Release Agreement: 
  

	 	A.	The Company will pay Employee the equivalent of 26 weeks’ salary, beginning the first regular pay period after the effective date of the attached General Release
Agreement, and this will be paid out in accordance with the Company’s regular pay schedule (“Severance Pay”). Such Severance Pay will be net of all required applicable withholdings and will not be offset by the amount of any salary
received by Employee during such period from employment in any capacity with an entity that is not a Competitor Business as that term is defined in Section 2(a) of the Employee Confidentiality, Non-Competition, and Non-Solicitation Agreement by
and between Employee and the Company dated January 8, 2008, attached hereto as Exhibit B and incorporated herein by reference, as amended by this Agreement (“Non-Competition Agreement”). As a result, the last full sentence of
Section 2(c) of the Non-Competition Agreement shall no longer apply or have any force or effect. 

  

	 	B.	On the payday that follows the effective date of the attached General Release Agreement, the Company will pay Employee (i) a bonus for 2009 in the amount of
$150,000 and (ii) to defray costs of transitioning from the Company, the sum of $120,000 with these payments net of all required applicable withholdings. In addition, the Company will reimburse Employee for roundtrip commercial flights and
related expenses to New York through January 31, 2010. 

	 	C.	The definition of Competitor Businesses as set forth in Section 2(a)(i) of the Non-Competition Agreement is hereby amended to read as follows: “(i) Nike,
Puma, Reebok, Adidas, Lululemon Athletica, CWX, Skins, Champion C9 and each of their respective parent companies, affiliates, subsidiaries, licensees, successors and assigns.” Section 4 of the Non-Competition Agreement shall no longer
apply or have any force or effect. 

  

	 	D.	The Company will not contest unemployment compensation should Employee choose to file for it. 

 2. No Additional Payments or Benefits. Employee acknowledges and agrees that the Employee will receive no additional payments
or benefits other than as set forth herein or as required by law. 
 3. Release. In exchange for the promises
herein which Employee acknowledges as good and valuable consideration, and except as provided in paragraph 4, Employee releases and discharges the Company and its past, present and future parents, divisions, subsidiaries, and affiliates,
predecessors, successors and assigns, and their past, present, and future officers, directors, members, partners, attorneys, employees, independent contractors, agents, clients, and representatives (“Released Parties”) from any and all
actions, causes of action, debts, dues, claims and demands of every name and nature, without limitation, at law, in equity, or administrative, against the Released Parties which the Employee may have had, now has, or may have, by reason of any
matter or thing arising up to the Effective Date of this Agreement, including the ending of the Employee’s employment. Those claims and causes of action from which Employee releases the Released Parties include, but are not limited to, any
known or unknown claim or action sounding in tort, contract, and discrimination of any kind, and/or any cause of action arising under federal, state or local statute or ordinance, including, but not limited to, Title VII of the Civil Rights Act of
1964, as amended, the Age Discrimination in Employment Act (including the Older Worker Benefit Protection Act), as amended, the Americans With Disabilities Act, as amended, the Family and Medical Leave Act, as amended, The Employee Retirement Income
Security Act, as amended, the Equal Pay Act, as amended, Section 1981 of the Civil Rights Act of 1866, as amended, the Sarbanes-Oxley Act of 2002, as amended, the Worker Adjustment and Retraining Notification Act, as amended, Article 49B of the
Maryland Code, as amended, and any other employee-protective law of any jurisdiction that may apply, and/or any claim for attorneys’ fees or costs, whether presently accrued, accruing to, or to accrue to Employee on account of, arising out of,
or in any way connected with any acts or activities by Employee or the Released Parties arising up to the Effective Date of this Agreement. Employee expressly acknowledges that no claim or cause of action against the Released Parties from the
beginning of time to the Effective Date of this Agreement (other than as provided in paragraph 4) shall be deemed to be outside the scope of this Agreement whether mentioned herein or not. Notwithstanding the foregoing, nothing herein is intended,
nor shall it be construed as, a waiver of any right Employee may have to bring a workmen’s compensation claim in connection with any injuries she incurred during the course of her employment with the Company. Further, nothing in this release
shall discharge or release any rights or benefits Employee might otherwise have (a) to indemnification from the Company arising from claims or liabilities asserted against Employee as a consequence of Employee’s service as an officer or

  

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employee of the Company, or (b) arising under any directors and officers liability insurance maintained by the Company at any time. 
 4. Rights and Claims Preserved. Nothing in this Agreement prevents Employee from filing a charge with the United States Equal
Employment Opportunity Commission (“EEOC”) or from cooperating with the EEOC; however, Employee understands and agrees that the Employee shall not accept, and shall not be entitled to retain, any compensation or other relief
recovered by the EEOC on the Employee’s behalf as a result of such charge with respect to any matter covered by this Agreement. Nothing in this Agreement prevents Employee from filing a lawsuit challenging the validity of the Employee’s
waiver of federal age discrimination claims under the Age Discrimination in Employment Act and the Older Workers Benefit Protection Act. Notwithstanding anything herein to the contrary, the releases and waivers set forth in this Agreement shall not
be effective, and the Released Parties shall not be released, as to any breach of the Company’s obligations and covenants expressly set forth in and pursuant to this Agreement. 
 5. OWBPA. The release in paragraph 3 of this Agreement includes a waiver of claims against the Released Parties under the Age
Discrimination in Employment Act (“ADEA”) and the Older Workers Benefit Protection Act (“OWBPA”). Therefore, pursuant to the requirements of the ADEA and the OWBPA, Employee specifically acknowledges the following: 
 (a) that the Employee is and has been advised to consult with an attorney of the Employee’s choosing concerning the legal significance
of this Agreement; 
 (b) that this Agreement is written in a manner the Employee understands; 
 (c) that the consideration set forth in paragraph 1 of this Agreement is adequate and sufficient for the Employee entering into this
Agreement and consists of benefits to which the Employee is not otherwise entitled; 
 (d) that the Employee has been afforded
twenty-one (21) days to consider this Agreement before signing it (although the Employee may sign it at any time prior to those 21 days) and that any changes to this Agreement subsequently agreed upon by the parties, whether material or
immaterial, do not restart this period for consideration; and 
 (e) that the Employee has been advised that during the seven
(7) day period after the Employee signs the Agreement, the Employee may revoke the Employee’s acceptance of this Agreement by delivering written notice to Cynthia Raposo, VP, Legal, and that this Agreement shall not become effective or
enforceable until after the revocation period has expired. 
 6. No Admission of Wrongdoing and Non-Disclosure.
Neither the Company nor Employee admit any wrongdoing of any kind, and both agree that neither they nor anyone acting on their behalf will disclose this Agreement, or its terms and conditions, except that the parties may make disclosures required by
law or legal process and may disclose this Agreement to their attorneys, accountants and/or financial advisors as necessary to prepare tax returns or other filings required by law. 
 7. Non-Disparagement. Employee agrees that the Employee will not disparage any of the Released Parties or make or publish any
communication that reflects adversely upon any

  

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of them. The Company agrees that none of its officers shall disparage the Employee or make or publish any communication that reflects adversely upon her. Company will provide Employee a letter of
recommendation. 
 8. No Filing of Claims. Employee represents that the Employee has not filed, and to the maximum
extent permitted by law and except as provided in paragraph 4, agrees that the Employee will not file, any charge, complaint, lawsuit or claim (collectively, “Claim”) with any administrative agency, federal, state or local court
(collectively, “Agency”) related in any way to the Employee’s employment or the separation of the Employee’s employment with the Company (except as may be necessary to enforce the Company’s obligations and covenants
expressly set forth in and pursuant to this Agreement). Employee further agrees that the Employee will not accept, and will not be entitled to retain, any judgment, award, settlement or other payment or other relief resulting from, or related to,
any Claim filed with any Agency related in any way to the Employee’s employment or the termination of the Employee’s employment with the Company. 
 9. No Voluntary Cooperation. Except as provided in paragraph 4, and/or unless required to do so by court order, subpoena, and except to the extent required by law, Employee agrees that the
Employee will not (i) voluntarily make statements, take action, or give testimony adverse or detrimental to the interests of the Company; or (ii) aid or assist in any manner the efforts of any third party to sue or prosecute a claim
against the Company. Should Employee ever be required to give testimony concerning any matter related to the Employee’s employment with the Company, Employee agrees that the Employee will provide notice of such compulsory process to Cynthia
Raposo, VP, Legal, within two (2) business days of its receipt so that the Company may take appropriate measures to quash or otherwise defend its interests. 
 10. Return of Company Property. Employee agrees that, as a condition precedent to receiving any payment under this Agreement, the Employee will by the Separation Date return all property
belonging to the Company, including, but not limited to, corporate credit cards; keys and access cards; documents; tapes; cell phones; computers, laptops, and other computer equipment and software; and any and all confidential and proprietary
information; provided, however, that Employee may keep her Company Blackberry after all Company confidential and proprietary information has been removed. The Company acknowledges that Employee has complied with her obligation to return all Company
property to the Company in accordance with the foregoing sentence. Employee’s access to the Company’s property and facilities will end immediately upon the Separation Date. Employee agrees to delete any and all Confidential Information (as
defined in the Non-Competition Agreement) from any computer, pda, cell phone, or other device in her possession or control. Employee understands and agrees that the Company shall deduct from any payments under Section 1 any amounts owed by her
to the Company in connection with her use of a Company credit card. 
 11. Confidentiality, Non-Competition and
Non-Solicitation. Employee acknowledges and agrees that she remains bound by her continuing obligations to the Company with respect to confidentiality, non-competition and non-solicitation as set forth in the Non-Competition Agreement. The
Company hereby gives notice to the Employee that the Non-Competition Period set forth in paragraph 2 (c) of the Non-Competition Agreement will begin on February 16, 2010 and end on August 16, 2010. Employee acknowledges
and agrees that the consideration and promises made by the Company in paragraph 1 of this Agreement fully satisfy

  

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all of the Company’s payment obligations during the Non-Competition Period, as set forth in paragraph 2(c) of the Non-Competition Agreement. 
 12. Cooperation with the Company after Separation. Employee agrees that after the Separation Date, she shall provide such
assistance to the Company as it may request in regard to business and transition matters. Employee agrees to use her best efforts to provide such assistance to the Company in a prompt, cooperative and professional manner. 
 13. Return of Consideration in Event of Breach. Employee agrees that receipt of any consideration and all payments under this
Agreement is contingent on the Employee’s full compliance with its terms and conditions. Should Employee breach any provision of this Agreement or the General Release Agreement that she will enter into at a later date, including but not limited
to filing a lawsuit based upon any claim covered by this Agreement (but excluding a lawsuit covered by paragraph 4 of this Agreement), Employee shall immediately return to the Company any payments received pursuant to paragraph 1 and the Company
shall no longer be obligated to pay Employee any further payments pursuant to paragraph 1 otherwise due. 
 14. Attorneys
Fees and Jury Waiver. The prevailing party in any action seeking to enforce this Agreement (except for a lawsuit covered by paragraph 4 of this Agreement), will have all its costs and attorneys’ fees paid by the party found to have
breached. Employee and the Company hereby waive trial by jury as to any and all litigation arising out of and/or relating to this Agreement. 
 15. Certification of Understanding and Competence. Employee acknowledges and agrees (a) that the Employee has read this Agreement in its entirety; (b) that the Employee is
competent to understand, and does understand, the content and effect of this Agreement; (c) that by entering into this Agreement, the Employee is releasing forever the Released Parties from any claim or liability (including claims for
attorney’s fees and costs) arising from the Employee’s employment with the Company; (d) that the Employee is entering into this Agreement of the Employee’s own free will in exchange for the consideration herein, which the
Employee agrees is adequate and satisfactory; and (e) that neither the Company nor the Released Parties have made any representations to the Employee concerning the terms or effect of this Agreement, other than those contained in the Agreement.

 16. No Other Understandings. This Agreement, consisting of five (5) pages plus Exhibits A and B,
constitutes the entire Agreement between the parties, and is binding upon and shall inure to the benefit of the parties and their respective heirs, executors, administrators, personal or legal representatives, successors and/or assigns. This
Agreement may be amended only by a written agreement signed by the Company and Employee. This Agreement may be executed in counterparts, including facsimile, PDF, or photocopy counterparts, each of which shall be deemed an original but all of which
taken together shall constitute one and the same Agreement. 
 17. Headings. The headings in this Agreement are
for convenience only and are not to be considered a construction of the provisions hereof. 
 18. Severability and
Governing Law. If any provision of this Agreement is found to be invalid, unenforceable or void for any reason, such provision shall be severed from the

  

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Agreement and shall not affect the validity or enforceability of the remaining provisions. This Agreement shall be interpreted, enforced and governed by the laws of the State of Maryland.

  

							
	Dated:	 	 Feb 3, 2010
	 		 	 /s/ Suzanne Karkus

		 		 		 	Suzanne Karkus
				
	Dated:	 	 2/3/10
	 		 	 /s/ David McCreight

		 		 		 	David McCreight
		 		 		 	President
		 		 		 	Under Armour, Inc.

  

 6 

 EXHIBIT A 
 THIS EXHIBIT MAY NOT BE SIGNED UNTIL THE 
 EMPLOYEE’S DATE OF SEPARATION 
 General Release Agreement 
 This General Release Agreement (“Agreement”) is entered into by and between Under Armour, Inc. (“Company”) and
Suzanne Karkus (“Employee”) to resolve any and all disputes concerning the Employee’s employment with the Company and her separation from employment, as described herein. Accordingly, in exchange for the consideration and
mutual promises set forth herein, the parties agree as follows: 
 1. The parties acknowledge that the Employee’s
employment has ended. The parties previously entered into an Agreement and General Release (“Prior Release Agreement”) that provides for certain separation benefits to be made available to Employee after the date on which her employment
with the Company ends, on the condition that she enters into this Agreement and does not revoke it. The parties agree that the Effective Date of this Agreement is the eighth day after the Employee signs it, on the condition that it is not revoked by
her as described below. 
 2. In exchange for the release and other commitments made to the Company by the Employee in this
Agreement, the Company agrees to provide her with the consideration that is described in the Prior Release Agreement. Employee acknowledges and agrees that she will receive no additional payments or benefits other than as set forth in that
agreement, or as required by law. 
 3. In exchange for the Company’s commitments to her as described in the Prior Release
Agreement, which Employee acknowledges as good and valuable consideration, and except as provided in paragraph 4, Employee releases and discharges the Company and its past, present and future parents, divisions, subsidiaries, and affiliates,
predecessors, successors and assigns, and their past, present, and future officers, directors, members, partners, attorneys, employees, independent contractors, agents, clients, and representatives (“Released Parties”) from any and all
actions, causes of action, debts, dues, claims and demands of every name and nature, without limitation, at law, in equity, or administrative, against the Released Parties which the Employee may have had, now has, or may have, by reason of any
matter or thing arising up to the Effective Date of this Agreement, including the ending of the Employee’s employment. Those claims and causes of action from which Employee releases the Released Parties include, but are not limited to, any
known or unknown claim or action sounding in tort, contract, and discrimination of any kind, and/or any cause of action arising under federal, state or local statute or ordinance, including, but not limited to, Title VII of the Civil Rights Act of
1964, as amended, the Age Discrimination in Employment Act (including the Older Workers Benefit Protection Act), as amended, the Americans With Disabilities Act, as amended, the Family and Medical Leave Act, as amended, The Employee Retirement
Income Security Act, as amended, the Equal Pay Act, as amended, Section 1981 of the Civil Rights Act of 1866, as amended, the Sarbanes-Oxley Act of 2002, as amended, the Worker Adjustment and Retraining Notification Act, as amended, Article 49B
of the Maryland Code, as amended, and any other employee-protective

  

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law of any jurisdiction that may apply, and/or any claim for attorneys’ fees or costs, whether presently accrued, accruing to, or to accrue to Employee on account of, arising out of, or in
any way connected with any acts or activities by Employee or the Released Parties arising up to the Effective Date of this Agreement. Employee expressly acknowledges that no claim or cause of action against the Released Parties from the beginning of
time to the Effective Date of this Agreement (other than as provided in paragraph 4) shall be deemed to be outside the scope of this Agreement whether mentioned herein or not. Notwithstanding the foregoing, nothing herein is intended, nor shall it
be construed as, a waiver of any right Employee may have to bring a workmen’s compensation claim in connection with any injuries she incurred during the course of her employment with the Company. Further, nothing in this release shall discharge
or release any rights or benefits Employee might otherwise have (a) to indemnification from the Company arising from claims or liabilities asserted against Employee as a consequence of Employee’s service as an officer or employee of the
Company, or (b) arising under any directors and officers liability insurance maintained by the Company at any time. 
 4.
Nothing in this Agreement prevents Employee from filing a charge with the United States Equal Employment Opportunity Commission (“EEOC”) or from cooperating with the EEOC; however, Employee understands and agrees that the Employee
shall not accept, and shall not be entitled to retain, any compensation or other relief recovered by the EEOC on the Employee’s behalf as a result of such charge with respect to any matter covered by this Agreement. Nothing in this Agreement
prevents Employee from filing a lawsuit challenging the validity of the Employee’s waiver of federal age discrimination claims under the Age Discrimination in Employment Act and the Older Workers Benefit Protection Act. Notwithstanding anything
herein to the contrary, the releases and waivers set forth in this Agreement shall not be effective, and the Released Parties shall not be released, as to any breach of the Company’s obligations and covenants expressly set forth in and pursuant
to this Agreement. 
 5. The release in this Agreement includes a waiver of claims against the Released Parties under the Age
Discrimination in Employment Act (“ADEA”) and the Older Workers Benefit Protection Act (“OWBPA”). Therefore, pursuant to the requirements of the ADEA and the OWBPA, Employee specifically acknowledges the following: 
 (a) that the employee is and has been advised to consult with an attorney of her choosing concerning the legal significance of this
Agreement; 
 (b) that this Agreement is written in a manner that she understands; 
 (c) that the consideration to be provided to the Employee is adequate and sufficient and that it consists of benefits to which she is not
otherwise entitled; 
 (d) that the Employee has been afforded twenty-one (21) days to consider this Agreement before
signing it and that she may not sign it prior to her last day of employment with the Company, (although the employee may sign it at any time prior to those 21 days) and that any changes to this Agreement subsequently agreed upon by the parties,
whether material or immaterial, do not restart this period for consideration; and 
 (e) that the employee has been advised that
during the seven (7) day period after she signs the Agreement, she may revoke it by delivering written notice to Cynthia Raposo,

  

 8 

	 	 
VP, Legal, and that this Agreement shall not become effective or enforceable until after the revocation period has expired. 

 6. Neither the Company nor Employee admit any wrongdoing of any kind, and both agree that neither they nor anyone acting on their behalf
will disclose this Agreement, or its terms and conditions, except that the parties may make disclosures required by law or legal process and may disclose this Agreement to their attorneys, accountants and/or financial advisors as necessary to
prepare tax returns or other filings required by law. 
 7. Employee represents that she has not filed, and to the maximum
extent permitted by law and except as provided in paragraph 4, agrees that she will not file, any charge, complaint, lawsuit or claim (collectively, “Claim”) with any administrative agency, federal, state or local court (collectively,
“Agency”) related in any way to her employment or the separation of the Employee’s employment with the Company. Employee further agrees that she will not accept, and will not be entitled to retain, any judgment, award, settlement or
other payment or other relief resulting from, or related to, any Claim filed with any Agency related in any way to her employment or the termination of her employment with the Company. 
 8. The prevailing party in any action seeking to enforce this Agreement (except for a lawsuit covered by paragraph 4 of this Agreement),
will have all its costs and attorneys’ fees paid by the party found to have breached. Employee and the Company hereby waive trial by jury as to any and all litigation arising out of and/or relating to this Agreement. 
 9. Employee acknowledges and agrees (a) that she has read this Agreement in its entirety; (b) that she is competent to understand,
and does understand, the content and effect of this Agreement; (c) that by entering into this Agreement, she is releasing forever the Released Parties from any claim or liability (including claims for attorney’s fees and costs) arising
from her employment with the Company; (d) that she is entering into this Agreement of her own free will in exchange for the consideration herein, which she agrees is adequate and satisfactory; and (e) that neither the Company nor the
Released Parties have made any representations to her concerning the terms or effect of this Agreement, other than those contained in this Agreement. 
 10. This Agreement constitutes the entire Agreement between the parties, and is binding upon and shall inure to the benefit of the parties and their respective heirs, executors, administrators, personal
or legal representatives, successors and/or assigns. This Agreement may be amended only by a written agreement signed by the Company and the Employee. This Agreement may be executed in counterparts, including facsimile, PDF, or photocopy
counterparts, each of which shall be deemed an original but all of which taken together shall constitute one and the same Agreement. 
 11. If any provision of this Agreement is found to be invalid, unenforceable or void for any reason, such provision shall be severed from the Agreement and shall not affect the validity or enforceability of the remaining provisions. This
Agreement shall be interpreted, enforced and governed by the laws of the State of Maryland. 
  

							
	Dated:	 	  
	 		 	  

		 		 		 	Suzanne Karkus

  

 9 

							
	Dated:	 	  
	 		 	  

		 		 		 	David McCreight
		 		 		 	President
		 		 		 	Under Armour, Inc.

  

 10

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