Document:

Exhibit 10.1

 

EXECUTION COPY

 

EMPLOYMENT
AGREEMENT

 

BETWEEN

 

NORTHWEST
INDIANA BANCORP,

 

PEOPLES
BANK SB,

 

AND

 

BENJAMIN
J. BOCHNOWSKI

 

     

     

    

 

 

table of
contents 

 

Page 

	1.   Employment and Term.	1
	2.   Duties.	1
	3.   Salary.	2
	(a)   Base Salary.	2
	(b)   Salary Increases or Decreases.	2
	(c)   Expenses, Automobile and Organizations.	2
	4.   Annual Bonuses.	2
	5.   Equity Incentive Compensation.	2
	6.   Other Benefits.	3
	(a)   Insurance Plans.	3
	(b)   Vacation.	3
	(c)   Other.	3
	7.   Termination.	3
	(a)   Death or Disability.	4
	(b)   Discharge for Cause.	4
	(c)   Termination for Other Reasons.	4
	8.   Definitions.	5
	9.   Obligations of the Bank Upon Termination.	10
	(a)   Death, Disability, Discharge for Cause, or Resignation Without Good Reason.	10
	(b)   Discharge Without Cause or Resignation with Good Reason; Change of Control.	10
	(c)   Level of Bonus and Welfare Benefits after a Change of Control.	11
	(d)   Continuing Obligations After Termination.	11
	(e)   Six Month Delay.	11
	10.   Certain Reduction of Payments by the Bank.	11
	11.   No Set-Off or Mitigation.	12
	12.   Binding Effect.	12
	13.   Notices.	12
	14.   Tax Withholding.	13
	15.   Arbitration.	13
	16.   No Assignment.	13
	17.   Nonsolicitation.	13
	18.   Confidentiality.	13
	19.   Execution in Counterparts.	15
	20.   Jurisdiction and Governing Law.	15
	21.   Severability.	15
	22.   Prior Understandings.	15
	23.   Payments upon Income Inclusion under Section 409A of the Code.	15

 

    	EMPLOYMENT AGREEMENT	PAGE i

    	 

    

 

EMPLOYMENT
AGREEMENT

 

THIS EMPLOYMENT AGREEMENT
(the “Agreement”), is effective as of August 1, 2017 (the “Effective Date”), by and between
NorthWest Indiana Bancorp (the “Company”), the wholly-owned subsidiary of the Company, Peoples Bank SB, (“Peoples
Bank,” and collectively with the Company, the “Bank” unless otherwise noted), and Benjamin J. Bochnowski
(the “Executive”).

 

Recitals

 

WHEREAS, the Bank wishes
to continue the Executive’s employment as its President and
Chief Executive Officer on the terms and conditions provided herein, and the Executive wishes to continue in such capacity on the
terms and conditions provided herein; and

 

WHEREAS, in addition
to the employment provisions contained herein, the Bank and the Executive have agreed to certain restrictions, covenants, agreements,
and severance payments, as set forth in this Agreement.

 

Agreement

 

NOW, THEREFORE, the
Bank and the Executive, each intending to be legally bound, hereby mutually covenant and agree as follows:

 

1.                 
Employment and Term. Unless terminated earlier as provided herein, the Bank shall employ the Executive as the President
and Chief Executive Officer of the Bank, and the Executive shall so serve, in accordance with the provisions of this Agreement.
Unless terminated earlier as provided herein, the term of the Executive’s employment under this Agreement shall commence
as of the Effective Date and end on the date that is one year after the Effective Date (the “Initial Term”);
provided that, the Initial Term shall be automatically renewed for an additional one year on the anniversary of the Effective
Date, and on the same date in each subsequent year thereafter (each, a “Renewal Term,” with the Initial Term
and any Renewal Terms collectively referred to herein as the “Term”), unless, at least sixty (60) days prior
to the end of the Initial Term or any Renewal Term, the Executive or the Bank, by a written notice delivered to the other party,
elects not to have the Term renewed.

 

2.                 
Duties. During the period of employment as provided in Section 1 above, the Executive shall serve as President and
Chief Executive Officer of the Bank and have all powers and duties consistent with such positions, subject to the reasonable direction
of the Board of Directors of the Company (the “Board”). The Executive shall also continue to serve as a member
of the board of directors of both the Company and Peoples Bank, if nominated and elected. The Executive shall devote his best efforts
to fulfill faithfully, responsibly, and to the best of his ability his duties hereunder; provided that, with the approval
of the Board, the Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions
in, companies or organizations, which, in the Board’s judgment, will not present any material conflict of interest with the
Bank or any of its subsidiaries or affiliates or divisions, or unfavorably affect the performance of the Executive’s duties,
or will not violate any applicable statute or regulation.

 

    	EMPLOYMENT AGREEMENT	PAGE 1

     

    

3.                 
Salary.

 

(a)              
Base Salary. For services performed by the Executive for the Bank pursuant to this Agreement during the period of
employment as provided in Paragraph 1 hereof, the Bank shall pay the Executive a base salary at the rate of Three Hundred
Ten Thousand Five Hundred Dollars ($310,500.00) per year, payable in substantially equal installments in accordance with the Bank’s
regular payroll practices. The Executive’s base salary (with any increases under Section 3(b) below) shall not be subject
to reduction, except (i) that prior to a Change of Control, the Bank may decrease the Executive’s base salary if the consolidated
operating results of the Company are significantly less favorable than those achieved for the fiscal year ended December 31,
2016, or (ii) in the case the Bank makes similar decreases in the base salaries it pays to the other executive officers of the
Bank. Any compensation which may be paid to the Executive under any additional compensation or incentive plan of the Bank (including
those under Sections 4, 5, and 6 below) or which may be otherwise authorized from time to time by the Board (or an appropriate
committee thereof) shall be in addition to the base salary to which the Executive shall be entitled under this Agreement.

 

(b)              
Salary Increases or Decreases. During the period of employment as provided in Section 1 hereof, the base salary of
the Executive shall be reviewed by the Board to determine whether or not the same should be increased in light of the duties and
responsibilities of the Executive and the performance of the Bank or decreased under the circumstances permitted in Section 3(a).
If it is determined that an increase or decrease is merited, such increase or decrease shall be promptly put into effect and the
base salary of the Executive as so increased or decreased shall constitute the base salary of the Executive for purposes of Section
3(a).

 

(c)              
Expenses, Automobile and Organizations. The Bank shall pay or reimburse the Executive for all reasonable travel and
other expenses incurred by the Executive in the performance of his services under this Agreement. The Bank further agrees to provide
the Executive with the full time use of an automobile of a make and model selected by the Executive, which automobile shall have
the lesser of three years of age or 50,000 miles, commensurate with his position and as approved by the Compensation Committee
of the Board. Subject to the approval of the Board, the Bank shall reimburse the Executive for all initiation fees and dues associated
with membership in professional, social, civic, and service organizations which the Executive joins or has joined and which membership,
in whole or in part, furthers the interests of or promotes the interests of the Bank or assists the Executive in business relationships
on behalf of the Bank.

 

4.                 
Annual Bonuses. During the Term of employment hereunder, the Executive shall be eligible to receive in cash an annual
performance bonus as may be set by the Board.

 

5.                 
Equity Incentive Compensation. During the Term of employment hereunder, the Executive shall be eligible to participate,
in an appropriate manner relative to other senior executives of the Bank, in any equity-based incentive compensation plan or program
approved by the Board from time to time, including (but not by way of limitation) the Company’s 2015 Stock Option and Incentive
Plan.

 

    	EMPLOYMENT AGREEMENT	PAGE 2

     

    

 

6.                 
Other Benefits.

 

(a)              
Insurance Plans. During the Term of this Agreement, the Bank agrees to continue funding all premiums as they become
due pursuant to the following insurance policies under which the Executive is an insured:

 

	Company/Policy No.	Type	Benefit Amount
	 	 	 
	
        Lincoln Financial Group

        Group Policy # 000010201792 
	Group Life and AD&D	$500,000
	
        Principal Financial Group

        Group Policy # N2437-09 
	Group Life and AD&D	$156,000
	Northwestern Mutual Life

Policy # 20507086	Split Dollar Endorsement Plan	$125,000

 

(b)              
Vacation. Notwithstanding anything herein to the contrary, the Executive shall be entitled to a maximum of five weeks
vacation to be taken during such times as may be chosen by the Executive. Any vacation time not taken during any calendar year
and any unused vacation days in existence as of the date hereof may be taken with the consent of the Compensation Committee of
the Board, which consent shall not be unreasonably withheld. Vacation time for each calendar year shall be considered earned as
of the first day of each calendar year.

 

(c)              
Other. During the Initial Term of this Agreement, and notwithstanding any contrary provision of Section 2 of the
Peoples Bank Employee Handbook, as may be in effect from time to time, the Executive shall be entitled to use a total of 14 personal
days (consisting of four personal days to which the Executive is entitled under the express provisions of the above-referenced
handbook, and an additional 10 personal days). The Executive shall maintain a record of the personal days he uses pursuant to the
preceding sentence, and, prior to taking each such personal day, report the Executive’s intent to use such personal day(s)
to the human resources department of the Bank and the Compensation Committee of the Board. The Executive also shall be entitled
to participate in all of the various retirement, welfare, fringe benefit, and executive perquisite plans, programs, and arrangements
of the Bank as they may exist from time to time. Notwithstanding the limitations of any health benefit plan maintained by the Bank,
the Bank agrees to pay the costs of any necessary physical examinations and the costs of all diagnostic testing incurred by the
Executive on his own behalf.

 

7.                 
Termination. Unless this Agreement is earlier terminated in accordance with the following provisions of this Section 7,
the Bank shall continue to employ the Executive and the Executive shall remain employed by the Bank during the entire Term of this
Agreement as set forth in Section 1. Section 9 hereof sets forth certain obligations of the Bank in the event that the Executive’s
employment hereunder is terminated. Certain capitalized terms used in this Agreement are defined in Section 8 below.

 

    	EMPLOYMENT AGREEMENT	PAGE 3

     

    

 

(a)              
Death or Disability. Except to the extent otherwise provided in Section 9, this Agreement shall terminate immediately
in the event of the Executive’s death or in the event that the Executive becomes disabled. The Executive will be deemed to
be disabled if he, with or without reasonable accommodation: (i) is unable to engage in any substantial gainful activity by reason
of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last
for a continuous period of not less than twelve (12) months; or (ii) is, by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve
(12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health
plan covering employees of the Bank. If any question arises as to whether the Executive is disabled, upon reasonable request therefor
by the Board, the Executive shall submit to reasonable medical examination for the purpose of determining the existence, nature,
and extent of any such disability. In accordance with Section 13 of this Agreement, the Bank shall promptly give the Executive
written notice of any such determination of the Executive’s disability and of any decision of the Bank to terminate the Executive’s
employment by reason thereof. In the event of disability, until the Date of Termination, the base salary payable to the Executive
under Section 3(a) hereof shall be reduced dollar-for-dollar by the amount of disability benefits paid to the Executive in accordance
with any disability policy or program of the Bank.

 

(b)              
Discharge for Cause. In accordance with the procedures hereinafter set forth, the Board may discharge the Executive
from his employment hereunder for Cause. Except to the extent otherwise provided in Section 9, this Agreement shall terminate
immediately as of the Date of Termination in the event the Executive is discharged for Cause. Any discharge of the Executive for
Cause shall be communicated by a Notice of Termination to the Executive given in accordance with Section 13 of this Agreement.
For purposes of this Agreement, a “Notice of Termination” means a written notice which (i) indicates the
specific termination provision in this Agreement relied upon, (ii) sets forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of the Executive’s employment under the provision so indicated, and (iii) specifies
the termination date, which may be as early as the date of the giving of such notice. In the case of a discharge of the Executive
for Cause, the Notice of Termination shall include a copy of a resolution duly adopted by the Board at a meeting called and held
for such purpose (after reasonable notice to the Executive and reasonable opportunity for the Executive, together with the Executive’s
counsel, to be heard before the Board prior to such vote), finding that, in the reasonable and good faith opinion of the Board,
the Executive was guilty of conduct constituting Cause. No purported termination of the Executive’s employment for Cause
shall be effective without a Notice of Termination.

 

(c)              
Termination for Other Reasons. The Bank may discharge the Executive for reason other than Cause by giving written
notice to the Executive in accordance with Section 13 at least thirty (30) days prior to the Date of Termination. The Executive
may resign from his employment, without liability to the Bank, by giving written notice to the Bank in accordance with Section 13
at least thirty (30) days prior to the Date of Termination. Notwithstanding the foregoing, if the Executive resigns for Good
Reason, the Executive must provide notice of resignation within ninety (90) days of the occurrence of the event constituting Good
Reason and the Bank shall have thirty (30) days to cure, to the Executive’s reasonable satisfaction, the event constituting
Good Reason. If the Bank fails to cure the event of Good Reason within thirty (30) days, the Executive’s resignation shall
become effective thirty (30) days after the expiration of the cure period. Except to the extent otherwise provided in Section 9,
this Agreement shall terminate immediately as of the Date of Termination in the event the Executive is discharged for reasons other
than Cause or resigns.

 

    	EMPLOYMENT AGREEMENT	PAGE 4

     

    

 

8.                 
Definitions. For purposes of this Agreement, the following capitalized terms shall have the meanings set forth below:

 

(a)              
“Accrued Obligations” shall mean, as of the Date of Termination, the sum of (i) the Executive’s
base salary under Section 3(a) through the Date of Termination to the extent not theretofore paid, (ii) the amount of
any bonus, incentive compensation, deferred compensation, and other cash compensation accrued by the Executive as of the Date of
Termination to the extent not theretofore paid, and (iii) any unused vacation, expense reimbursements (regardless of whether
a claim for such has yet been filed), and other cash entitlements due the Executive as of the Date of Termination. For the purpose
of this Section 8(a), dollar amounts shall be deemed to accrue ratably over the period during which they are earned, but no
discretionary compensation shall be deemed earned or accrued unless it has been specifically approved by the Board in accordance
with the applicable plan, program, or policy.

 

(b)              
For purposes of this Agreement, “Cause” shall mean: (i) the failure of Executive to perform Executive’s
duties pursuant to this Agreement (other than such failure resulting from incapacity due to physical or mental illness), which
failure to perform constitutes gross negligence or willful misconduct by the Executive, after a written demand for substantial
performance is delivered to Executive by the Board which specifically identifies the manner in which the Board believes that Executive
has not substantially performed Executive’s duties; (ii) the commission by Executive of an act of malfeasance, dishonesty,
fraud, or breach of trust against the Bank or any of its affiliates, employees, customers, or vendors, resulting or intended to
result in substantial gain or personal enrichment to which Executive was not legally entitled; or (iii) Executive’s indictment,
conviction of, or plea of guilty or no contest to any felony or crime of moral turpitude. For purposes of this provision, no act
or failure to act on the part of Executive shall be considered “willful” unless it is done, or omitted to be done,
by Executive in bad faith or without reasonable belief that Executive’s action or omission was in the best interests of the
Bank.

 

(c)              
“Change of Control” shall mean any of the following:

 

(i)                
a change in the ownership of the Company or Peoples Bank, which shall occur on the date that any one person, or more than
one person acting as a group, acquires ownership of stock of the Company or Peoples Bank that, together with stock held by such
person or group, constitutes more than fifty percent (50%) of the total fair market value or total voting power of the stock of
the Company or Peoples Bank. Such acquisition may occur as a result of a merger of the Company or Peoples Bank into another entity
which pays consideration for the shares of capital stock of the merging Company or Peoples Bank. However, if any one person, or
more than one person acting as a group, is considered to own more than fifty percent (50%) of the total fair market value or total
voting power of the stock of the Company or Peoples Bank, the acquisition of additional stock by the same person or persons is
not considered to cause a change in the ownership of the Company or Peoples Bank (or to cause a change in the effective control
of the Company or Peoples Bank within the meaning of Section 8(c)(ii)). An increase in the percentage of stock owned by any one
person, or persons acting as a group, as a result of a transaction in which the Company or Peoples Bank acquires its stock in exchange
for property will be treated as an acquisition of stock for purposes of this subsection. This subsection applies only when there
is a transfer of stock of the Company or Peoples Bank (or issuance of stock of the Company or Peoples Bank) and stock in the Company
or Peoples Bank remains outstanding after the transaction.

 

    	EMPLOYMENT AGREEMENT	PAGE 5

     

    

 

(ii)             
a change in the effective control of the Company or Peoples Bank, which shall occur only on either of the following dates:

 

1)                 
the date any one person, or more than one person acting as a group, acquires (or has acquired during the 12 month period
ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company or Peoples Bank
possessing thirty percent (30%) or more of the total voting power of the stock of the Company or Peoples Bank.

 

2)                 
the date a majority of members of the Company’s board of directors is replaced during any 12 month period by directors
whose appointment or election is not endorsed by a majority of the members of the Company’s board of directors before the
date of the appointment or election; provided that, this provision shall not apply if another corporation is a majority
shareholder of the Company.

 

If any one person, or more than
one person acting as a group, is considered to effectively control the Company or Peoples Bank, the acquisition of additional control
of the Company or Peoples Bank by the same person or persons is not considered to cause a change in the effective control of the
Company or Peoples Bank (or to cause a change in the ownership of the Company or Peoples Bank within the meaning of subsection
(i) of this section).

 

(iii)           
a change in the ownership of a substantial portion of the Bank’s assets, which shall occur on the date that any one
person, or more than one person acting as a group, acquires (or has acquired during the 12 month period ending on the date of the
most recent acquisition by such person or persons) assets from the Bank that have a total gross fair market value equal to or more
than forty percent (40%) of the total gross fair market value of all of the assets of the Bank immediately before such acquisition
or acquisitions. For this purpose, gross fair market value means the value of the assets of the Bank, or the value of the assets
being disposed of, determined without regard to any liabilities associated with such assets. No change in control occurs under
this subsection (iii) when there is a transfer to an entity that is controlled by the shareholders of the Bank immediately after
the transfer. A transfer of assets by the Bank is not treated as a change in the ownership of such assets if the assets are transferred
to –

 

    	EMPLOYMENT AGREEMENT	PAGE 6

     

    

 

1)                 
a shareholder of the Bank (immediately before the asset transfer) in exchange for or with respect to its stock;

 

2)                 
an entity, 50 percent or more of the total value or voting power of which is owned, directly or indirectly, by the Bank.

 

3)                 
a person, or more than one person acting as a group, that owns, directly or indirectly, 50 percent or more of the total
value or voting power of all the outstanding stock of the Bank; or

 

4)                 
an entity, at least 50 percent of the total value or voting power of which is owned, directly or indirectly, by a person
described in paragraph (iii).

 

For purposes of this subsection
(iii) and except as otherwise provided in paragraph 1) above, a person’s status is determined immediately after the transfer
of the assets.

 

(iv)            
For purposes of this section, persons will not be considered to be acting as a group solely because they purchase or own
stock of the same corporation at the same time, or as a result of the same public offering. Persons will be considered to be acting
as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar
business transaction with the Company or Peoples Bank; provided that, they will not be considered to be acting as a group
if they are owners of an entity that merges into the Company or Peoples Bank where the Company or Peoples Bank is the surviving
corporation.

 

(d)              
 “Date of Termination” shall mean (i) in the event of a discharge of the Executive by the Board
for Cause, the date specified in such Notice of Termination, (ii) in the event of a discharge of the Executive without Cause
or a resignation by the Executive other than for Good Reason, the date specified in the written notice to the Executive (in the
case of discharge) or the Bank (in the case of resignation), which date shall be no less than thirty (30) days from the
date of such written notice, (iii) in the event of a resignation by the Executive for Good Reason, thirty (30) days after
the expiration of the cure period set forth in Section 7(c), (iv) in the event of the Executive’s death, the date of
the Executive’s death, (v) in the event of termination of the Executive’s employment by reason of disability pursuant
to Section 7(a), the date the Executive receives written notice of such termination, and (vi) upon termination of this Agreement
due to a Change in Control, the date of such Change in Control.

 

(e)              
“Good Reason” shall mean any of the following, which has not been expressly consented to in advance by
the Executive in writing: (i) assignment of duties to Executive by the Board that are inconsistent with the Executive’s
position, authority, duties, or responsibilities as President and Chief Executive Officer of the Bank, or any other action by the
Bank which results in a substantial diminution of such position, authority, duties, or responsibilities; (ii) a reduction of 10%
or more in the Executive’s then current base salary as determined under Section 3(a) hereof, unless such reduction is required
by law or regulation, or such reduction is proportionate to a reduction in the base salary of all other executive officers of the
Bank; (iii) any failure by the Board or any appropriate committee of the Board to re-nominate the Executive as a director of the
Bank, except in connection with or related to the termination of the Executive’s employment (whether by the Bank or by the
Executive) pursuant to Section 7 hereof or the expiration of the Term of this Agreement pursuant to Section 1 hereof; or (iv) any
substantial failure by the Bank to comply with any of the provisions of this Agreement; provided that, actions taken by
the Board under clause (i) of this paragraph by reason of the Executive’s inability to perform the responsibilities contemplated
by those sections because of a physical or mental injury or disease shall not be deemed “Good Reason;” provided,
further, that, the expiration of the Term of this Agreement, or the provision of a notice of non-renewal of the Term of this
Agreement (whether by the Bank or the Executive) pursuant to Section 1 hereof, whether or not a new, amended, or superseding agreement
or arrangement is entered into, shall not constitute “Good Reason.”

 

    	EMPLOYMENT AGREEMENT	PAGE 7

     

    

 

(f)               
The Executive shall have a “Termination of Employment” if there is a termination of services provided
by the Executive to the Bank, whether voluntarily or involuntarily, other than by reason of death or disability, as determined
by the Board in accordance with Treas. Reg. §1.409A-1(h). In determining whether an Executive has experienced a Termination
of Employment, the following provisions shall apply:

 

(i)                
To the extent the Executive provides services to the Company or Peoples Bank solely as an employee, except as otherwise
provided in subsection (iii) below, a Termination of Employment shall occur when the Executive has experienced a termination of
employment with the Employer (defined below). The Executive shall be considered to have experienced a termination of employment
when the facts and circumstances indicate that the Executive and the Employer reasonably anticipate that either (A) no further
services will be performed for the Employer after a certain date, or (B) that the level of bona fide services the Executive will
perform for the Employer after such date (whether as an employee or as an independent contractor) will permanently decrease to
less than 50% of the average level of bona fide services performed by the Executive (whether as an employee or an independent contractor)
over the immediately preceding 36-month period (or the full period of services to the Employer if the Executive has been providing
services to the Employer less than 36 months).

 

If the Executive
is on military leave, sick leave, or other bona fide leave of absence, the employment relationship between the Executive and the
Employer shall be treated as continuing intact, provided that the period of such leave does not exceed 6 months, or if longer,
so long as the Executive retains a right to reemployment with the Employer under an applicable statute or by contract. If the period
of a military leave, sick leave, or other bona fide leave of absence exceeds 6 months and the Executive does not retain a right
to reemployment under an applicable statute or by contract, the employment relationship shall be considered to be terminated for
purposes of this Agreement as of the first day immediately following the end of such 6-month period. In applying the provisions
of this paragraph, a leave of absence shall be considered a bona fide leave of absence only if there is a reasonable expectation
that the Executive will return to perform services for the Employer.

 

(ii)             
If the Executive provides services to the Employer as an independent contractor, except as otherwise provided in subsection
(iii) below, a Termination of Employment shall occur upon the expiration of the contract (or in the case of more than one contract,
all contracts) under which services are performed for the Employer, provided that the expiration of such contract(s) is determined
by the Board to constitute a good-faith and complete termination of the contractual relationship between the Executive and the
Employer.

 

    	EMPLOYMENT AGREEMENT	PAGE 8

     

    

 

(iii)           
If the Executive provides services to the Employer as both an employee and an independent contractor, a Termination of Employment
generally shall not occur until the Executive has ceased providing services for the Employer as both an employee and an independent
contractor, as determined in accordance with the provisions set forth in subsections (i) and (ii) above, respectively. Similarly,
if the Executive either (A) ceases providing services for the Employer as an independent contractor and begins providing services
for the Employer as an employee, or (B) ceases providing services for the Employer as an employee and begins providing services
for the Employer as an independent contractor, the Executive will not be considered to have experienced a Termination of Employment
until the Executive has ceased providing services for the Employer in both capacities, as determined in accordance with the applicable
provisions set forth in subsections (i) ad (ii) above.

 

Notwithstanding
the foregoing provisions in this subsection (iii), if the Executive provides services for the Employer as both an employee and
a director, to the extent permitted by Treas. Reg. §1.409A-1(h)(5) the services provided by the Executive as a director shall
not be taken into account in determining whether the Executive has experienced a Termination of Employment as an employee, and
the services provided by the Executive as an employee shall not be taken into account in determining whether the Executive has
experienced a Termination of Employment as a director.

 

(iv)            
For the purpose of determining whether the Executive has experienced a Termination of Employment, the term “Employer”
shall mean:

 

(A)            
The entity for which the Executive performs services and with respect to which the legally binding right to compensation
deferred or contributed under this Agreement arises; and

 

(B)             
All other entities with which the entity described above would be aggregated and treated as a single employer under Code
Section 414(b) (controlled group of corporations) and Code Section 414(c) (a group of trades or businesses, whether or not incorporated,
under common control), as applicable. In order to identify the group of entities described in the preceding sentence, an ownership
threshold of at least 50% shall be substituted for the 80% minimum ownership threshold that appears in, and otherwise must be used
when applying, the applicable provisions of (A) Code Section 1563 for determining a controlled group of corporations under Code
Section 414(b), and (B) Treas. Reg. §1.414(c)-2 for determining the trades or businesses that are under common control under
Code Section 414(c).

 

Any reference in this Agreement to a “termination
of employment,” severance from employment, separation from employment, resignation or discharge otherwise entitling the Executive
to payment hereunder shall be deemed to mean a Termination of Employment.

 

    	EMPLOYMENT AGREEMENT	PAGE 9

     

    

 

9.                 
Obligations of the Bank Upon Termination. The following provisions describe the obligations of the Bank to the Executive
under this Agreement upon termination of his employment. However, except as explicitly provided in this Agreement, nothing in this
Agreement shall limit or otherwise adversely affect any rights which the Executive may have under applicable law, under any other
agreement with the Bank or any of its subsidiaries, or under any compensation or benefit plan, program, policy or practice of the
Bank or any of its subsidiaries.

 

(a)              
Death, Disability, Discharge for Cause, or Resignation Without Good Reason. In the event of the death or disability
of the Executive, or upon the Executive’s Termination of Employment by reason of his discharge by the Bank for Cause, or
upon the Executive’s Termination of Employment by reason of his resignation other than for Good Reason, the Bank shall pay
to the Executive, or his heirs or estate in the event of the Executive’s death, all Accrued Obligations in a lump sum in
cash within thirty (30) days after the Date of Termination; provided that, any portion of the Accrued Obligations which
consists of bonus, deferred compensation, or incentive compensation shall be determined and paid in accordance with the terms of
the relevant plan as applicable to the Executive.

 

(b)              
Discharge Without Cause or Resignation with Good Reason; Change of Control. In the event of the Executive’s
Termination of Employment (1) by reason of the discharge of the Executive by the Bank without Cause, (2) by reason of the resignation
of the Executive for Good Reason, or (3) by reason of the resignation of the Executive without Good Reason within one year after
a Change of Control, then the Bank shall pay to Executive, or his heirs or estate in the event of the Executive’s death,
in addition to the compensation and benefits described in Section 9(a), the following benefits:

 

(i)                
Payment in a lump sum of an amount equal to one and one-half (1.5) times the Executive’s then-current base salary
as in effect prior to the termination;

 

(ii)             
Payment in a lump sum of an amount equal to one and one-half (1.5) times the most recent annual bonus received by the Executive;

 

(iii)           
Continuation, for a period of eighteen (18) months after the Date of Termination, of welfare benefits and senior executive
perquisites at least equal to those which would have been provided if the Executive’s employment had continued for that time;
and

 

(iv)            
Outplacement services, at the expense of the Bank, from a provider reasonably selected by the Executive.

 

The amounts payable under paragraphs (b)(i)
and (ii) shall be paid no later than thirty (30) days after the Date of Termination. To the extent any benefits or perquisites
provided under paragraph (b)(iii) provide for reimbursements of expenses incurred by the Executive, or in-kind benefits, the following
conditions must be satisfied:

 

(1)              
The benefit or perquisite must provide an objectively determinable nondiscretionary definition of the expenses eligible
for reimbursement or of the in-kind benefits to be provided;

 

    	EMPLOYMENT AGREEMENT	PAGE 10

     

    

 

(2)              
The benefit or perquisite must provide for the reimbursement of expenses incurred or for the provision of the in-kind benefits
during an objectively and specifically prescribed period;

 

(3)              
The benefit or perquisite must provide that the amount of expenses eligible for reimbursement, or in-kind benefits provided,
during the Executive’s taxable year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided,
in any other taxable year;

 

(4)              
The reimbursement of an eligible expense must be made on or before the last day of the Executive’s taxable year following
the taxable year in which the expense was incurred; and

 

(5)              
The right to reimbursement or in-kind benefit must not be subject to liquidation or exchange for another benefit.

 

(c)              
Level of Bonus and Welfare Benefits after a Change of Control. If the Executive’s employment terminates for
any reason after a Change of Control, the phrase “most recent annual bonus” as used in paragraph (b)(ii) shall
be replaced by the phrase “most recent annual bonus received by the Executive prior to the Change of Control,” and
the phrase “would have been provided if the Executive’s employment had continued for that time” as used in paragraph (b)(iii)
shall be replaced by the phrase “were provided to the Executive immediately prior to the Change of Control;” provided
that, this paragraph (c) shall not apply to (b)(ii) or (iii) if the benefits the Executive would receive under (b)(ii)
or (iii) would be greater without the application of this paragraph (c).

 

(d)              
Continuing Obligations After Termination. If the Executive’s employment with the Bank terminates for any reason,
the Bank’s obligations and the Executive’s obligations under Sections 9 through 18 shall continue after termination
of the employment relationship.

 

(e)              
Six Month Delay. To the extent the Executive is a “specified employee” (as defined below) as of his Termination
of Employment, any payments of “deferred compensation” (as that term is defined in Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”)) due to the Executive as a result of his Termination of Employment shall begin
no sooner than six months after the Executive’s Termination of Employment; provided that, any payments not made during
the six month period described in this subsection (e) shall be made in a single lump sum as soon as administratively practicable
after the expiration of such six month period. For purposes of this Agreement, the term “specified employee” shall
have the meaning set forth in Treasury Reg. Section 1.409A-1(i) and shall include, without limitation, (1) an officer of the Company
or Peoples Bank having annual compensation greater than $130,000 (as adjusted for inflation under the Code), (2) a five percent
owner of the Company or Peoples Bank, or (3) a one percent owner of the Company or Peoples Bank having annual compensation of more
than $150,000. The determination of whether the Executive is a “specified employee” shall be made by the Bank in good
faith applying the applicable Treasury regulations.

 

10.             
Certain Reduction of Payments by the Bank. Notwithstanding Section 9 of this Agreement, the payments or benefits
to be made or afforded to Executive under this Agreement when aggregated with any other “parachute payments” (defined
under Section 280G of the Code) as compensation that becomes payable or accelerated due to a Change of Control payable under any
plans, agreements, or policies of the Company or Peoples Bank, shall be reduced to the highest amount permissible under Sections
280G and 4999 of the Code before the Executive becomes subject to the excess parachute payment excise tax under Section 4999 of
the Code and the Company or Peoples Bank loses all or part of its compensation deduction for such payments. The Executive shall
determine the allocation of the reduction required hereby among the benefits to which the Executive is entitled.

 

    	EMPLOYMENT AGREEMENT	PAGE 11

     

    

11.             
No Set-Off or Mitigation. The Bank’s obligation to make the payments provided for in this Agreement and otherwise
to perform its obligations hereunder shall not be affected by any set-off, bankers right of set-off, counterclaim, recoupment,
defense, or other claim, right, or action which the Bank may have against the Executive or others. In no event shall the Executive
be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under
any of the provisions of this Agreement and such amounts shall not be reduced whether or not the Executive obtains other employment.

 

12.             
Binding Effect. This Agreement shall be binding upon and inure to the benefit of the heirs and representatives of
the Executive and the successors and assigns of the Company and Peoples Bank. The Company and Peoples Bank shall require any successor
(whether direct or indirect, by purchase, merger, reorganization, consolidation, acquisition of property or stock, liquidation,
or otherwise) to all or a substantial portion of its assets, by agreement in form and substance reasonably satisfactory to the
Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Bank and
the Company would be required to perform this Agreement if no such succession had taken place. Regardless of whether such an agreement
is executed, this Agreement shall be binding upon any successor of the Bank and the Company in accordance with the operation of
law, and such successor shall be deemed the “Company” or “Peoples Bank,” as appropriate, for purposes of
this Agreement.

 

13.             
Notices. All notices, requests, demands, and other communications hereunder shall be in writing and shall be deemed
to have been duly given if delivered by hand or by recognized commercial delivery service or if mailed within the continental United
States by first class certified mail, return receipt requested, postage prepaid, addressed as follows:

 

	
        If to the Board or the Bank, to:

         

        Peoples Bank SB

        9204 Columbia Avenue

        Munster, Indiana 46321

        Attention: Corporate Secretary

         

	
        If to the Executive, to:

         

        Benjamin J. Bochnowski

9204 Columbia Avenue

Munster, Indiana 46321 

 

    	EMPLOYMENT AGREEMENT	PAGE 12

     

    

 

Such addresses may be changed by written
notice sent to the other party at the last recorded address of that party.

 

14.             
Tax Withholding. The Bank shall provide for the withholding of any taxes required to be withheld by federal, state,
or local law with respect to any payment in cash, shares of stock, and/or other property made by or on behalf of the Bank to or
for the benefit of the Executive under this Agreement or otherwise. The Bank may, at its option: (i) withhold such taxes from
any cash payments owing from the Bank to the Executive; (ii) require the Executive to pay to the Bank in cash such amount
as may be required to satisfy such withholding obligations; and/or (iii) make other satisfactory arrangements with the Executive
to satisfy such withholding obligations.

 

15.             
Arbitration. Any controversy or claim arising out of or relating to this Agreement or the breach hereof shall be
settled by arbitration at a mutually agreed site in accordance with the laws of the State of Indiana. The arbitration shall be
conducted in accordance with the rules of the American Arbitration Association. The costs and expenses of the arbitrator(s) shall
be borne by the Bank. The award of the arbitrator(s) shall be binding upon the parties. Judgment upon the award rendered by the
arbitrator(s) may be entered in any court having jurisdiction.

 

16.             
No Assignment. Except as otherwise expressly provided herein, this Agreement is not assignable by any party and no
payment to be made hereunder shall be subject to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or
other charge.

 

17.             
Nonsolicitation. The Executive covenants that, during his employment with either the Company or Peoples Bank and
for a period of one (1) year following his Date of Termination, the Executive shall not: (i) directly recruit any person who is
an employee of the Bank; (ii) solicit, encourage, or induce any such employee to leave the Bank’s employ; or (iii) solicit,
encourage, or induce any customer of the Bank to cease doing or reduce such customer’s level of business with the Bank.

 

18.             
Confidentiality.

 

(a)              
The Executive acknowledges and agrees that (i) by virtue of his employment, he will be given access to, and will help
analyze, formulate, or otherwise use, Confidential Information (defined below), (ii) the Bank has devoted (and will devote) substantial
time, money, and effort to develop Confidential Information and maintain the proprietary and confidential nature thereof, and (iii)
Confidential Information is proprietary and confidential and, if any Confidential Information were disclosed or became known by
persons engaging in a business in any way competitive with the Bank’s business, such disclosure would result in hardship,
loss, irreparable injury, and damage to the Bank, the measurement of which would be difficult, if not impossible, to determine.
Accordingly, the Executive agrees that the preservation and protection of Confidential Information is an essential part of his
duties of employment and that, as a result of his employment with the Bank hereunder, he has a duty of fidelity, loyalty, and trust
to the Bank in safeguarding Confidential Information. The Executive further agrees that he will use his best efforts, exercise
utmost diligence, and take all steps necessary to protect and safeguard Confidential Information, whether such information derives
from the Executive, other employees of the Bank, the Bank’s customers or prospective customers, or vendors or suppliers of
the Bank, and that he will not, directly or indirectly, use, disclose, distribute, or disseminate to any other person or entity
or otherwise employ Confidential Information, either for his own benefit or for the benefit of another, except as required in the
ordinary course of his employment by the Bank. The Executive shall follow all Bank policies and procedures to protect all Confidential
Information and shall take any additional precautions necessary under the circumstances to preserve and protect against the prohibited
use or disclosure of any Confidential Information.

 

    	EMPLOYMENT AGREEMENT	PAGE 13

     

    

 

(b)              
The confidentiality obligations contained in this Agreement shall continue as long as Confidential Information remains confidential
(except that the obligations shall continue, if Confidential Information loses its confidential nature through improper use or
disclosure, including but not limited to any breach of this Agreement) and shall survive the termination of this Agreement and/or
termination of the Executive’s employment with the Bank.

 

(c)              
From time to time, the Bank may, for its own benefit, choose to place certain Confidential Information in the public domain.
The fact that Confidential Information may be made available to the public in a limited form and under limited circumstances does
not change the confidential and proprietary nature of such information, and does not release the Executive from his obligations
with respect to such Confidential Information.

 

(d)              
For purposes of this Section 18, the term “Confidential Information” means the following:

 

(1)              
materials, records, documents, data, statistics, studies, plans, writings, and information (whether in handwritten, printed,
digital, or electronic form) relating to the Bank’s business that are not generally known or available to the Bank’s
business, trade, or industry, or to individuals who work therein, other than through a breach of this Agreement; or

 

(2)              
trade secrets of the Bank (as defined in Indiana Code § 24-2-3-2, as amended, or any successor statute).

 

Confidential Information
also includes, but is not limited to: (i) information about the Bank’s employees; (ii) information about the Bank’s
compensation policies, structure, and implementation; (iii) hardware, software, and computer programs and technology used
by the Bank; (iv) Bank customer and prospective customer identities, lists, and databases, including private information related
to customer history, loan activity, account balances, and financial information; (v) strategic, operating, and marketing plans;
(vi) lists and databases and other information related to the Bank’s vendors; (vii) policies, procedures, practices,
and plans related to pricing of products and services; and (viii) information related to the Bank’s acquisition and
divestiture strategy. Information or documents that are generally available or accessible to the public shall be deemed Confidential
Information, if the information is retrieved, gathered, assembled, or maintained by the Bank in a manner not available to the public
or for a purpose beneficial to the Bank.

 

    	EMPLOYMENT AGREEMENT	PAGE 14

     

    

 

19.             
Execution in Counterparts. This Agreement may be executed by the parties hereto in two (2) or more counterparts,
each of which shall be deemed to be an original, but all such counterparts shall constitute one and the same instrument, and all
signatures need not appear on any one counterpart.

 

20.             
Jurisdiction and Governing Law. This Agreement shall be construed and interpreted in accordance with and governed
by the laws of the State of Indiana, without regard to the conflict of laws provisions of such laws.

 

21.             
Severability. If any provision of this Agreement shall be adjudged by any court of competent jurisdiction to be invalid
or unenforceable for any reason, such judgment shall not affect, impair, or invalidate the remainder of this Agreement. Furthermore,
if the scope of any restriction or requirement contained in this Agreement is too broad to permit enforcement of such restriction
or requirement to its full extent, then such restriction or requirement shall be enforced to the maximum extent permitted by law,
and the Executive consents and agrees that any court of competent jurisdiction may so modify such scope in any proceeding brought
to enforce such restriction or requirement. Nothing herein shall be construed as requiring the Bank to make any payment which would
be prohibited under 12 C.F.R. 359. In the event a payment required under the terms of this Agreement cannot lawfully be made because
of the limitations of 12 C.F.R. 359, the obligation to make such payment shall be deferred until such time as the limitations
of 12 C.F.R. 359 shall no longer apply. Upon deferring any payment required under this Agreement due to the limitations
of 12 C.F.R. 359, the Bank shall provide the Executive with a legal opinion of counsel addressing the exact provisions of 12 C.F.R.
359 which pose the barrier to payment.

 

22.             
Prior Understandings. This Agreement embodies the entire understanding of the parties hereto and supersedes all other
oral or written agreements or understandings between them regarding the subject matter hereof. No change, alteration, or modification
hereof may be made except in a writing, signed by each of the parties hereto. The headings in this Agreement are for convenience
of reference only and shall not be construed as part of this Agreement or to limit or otherwise affect the meaning hereof.

 

23.             
Payments upon Income Inclusion under Section 409A of the Code. Upon the inclusion of any amount into the Executive’s
income as a result of the failure of this Agreement to comply with the requirements of Section 409A of the Code, a payment not
to exceed the amount that shall be included in income shall be made as soon as is administratively practicable following the discovery
of the failure of the Agreement to comply with Section 409A of the Code and the regulations promulgated thereunder.

 

[Signature Page Follows]

 

    	EMPLOYMENT AGREEMENT	PAGE 15

     

    

 

IN WITNESS WHEREOF,
each of the Company and Peoples Bank have caused this Agreement to be executed by its duly authorized officer and the Executive
has signed this Agreement, effective as of the date first written above.

 

 

	 	NorthWest Indiana Bancorp
	 	 	 
	 	By:	/s/ Amy W. Han
	 	Name:	Amy W. Han
	 	Title:	Chair, Compensation Committee
	 	 	 
	 	 	 
	 	Peoples Bank SB
	 	 	 
	 	By:	/s/ Amy W. Han
	 	Name:	Amy W. Han
	 	Title:	Chair, Compensation Committee
	 	 	 
	 	 	 
	 	 	 
	 	Benjamin J. Bochnowski
	 	 	 
	 	 	/s/ Benjamin J. Bochnowski
	 	 
	 	 

 

    	EMPLOYMENT AGREEMENT	PAGE 16EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 FIRST
AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Agreement”), dated as of August 3, 2017, by and among (A) PERFORMANCE FOOD GROUP, INC., a Colorado corporation (the “Lead Borrower”); (B) the other Borrowers identified on the signature pages hereto
(together with the Lead Borrower, the “Borrowers”); (C) PFGC, INC., as a Guarantor (“Holdings”); (D) the Lenders signatory hereto; (E) WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent and
collateral agent for the Lenders (“Administrative Agent”); and (F) WELLS FARGO BANK, NATIONAL ASSOCIATION, as “Issuing Bank” and “Swingline Lender.” 

RECITALS 
 WHEREAS, the
Borrowers, Holdings, the Lenders party thereto and the Administrative Agent are parties to that certain Second Amended and Restated Credit Agreement dated as of February 1, 2016 (as amended, restated, supplemented or otherwise modified from
time to time before the date hereof, the “Credit Agreement”). 
 WHEREAS, the Borrowers have requested Additional
Commitments (as this and other capitalized terms used in these recitals are defined below), the effect of which, as further provided below, will be to increase the Tranche A Commitments by $325,000,000 and to increase the Tranche A-1 Commitments by $25,000,000, and certain Lenders party hereto and identified herein have agreed to provide such Additional Commitments on the terms set forth herein. 

WHEREAS, additionally, the Borrowers have requested certain amendments and modifications to and under the Credit Agreement as more
particularly described herein. 
 WHEREAS, the Administrative Agent and the Lenders party hereto have agreed, subject to the terms and
conditions set forth herein, to such amendments and modifications to and under the Credit Agreement as provided herein. 
 NOW, THEREFORE,
for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

SECTION 1 Definitions. In addition to other terms which may be defined herein (including, without limitation, in the preamble and
recitals to this Agreement, terms used, but not defined, herein shall have the meanings given such terms in the Credit Agreement. 
 SECTION
2 Additional Commitments. Subject to and in accordance with the terms and conditions set forth herein (including, without limitation, Section 4 below), and effective on and after the Effective Date (as defined in
Section 4 below), the Credit Agreement is hereby amended as follows: 
 (a) Agreement to Provide Additional
Commitments. Effective as of the Effective Date, the Tranche A Commitment and the Tranche A-1 Commitment of each Lender identified in Schedule A, attached hereto and made a part hereof (each, an
“Increasing Lender”), shall be increased by the amounts set forth in Schedule A for such Increasing Lender, such that, after giving effect to this Agreement and the Additional Commitments contemplated in this
Section 2, such Increasing Lender shall have the Tranche A Commitment and Tranche A-1 Commitment set forth for such Lender in Schedule A. The increased Tranche A Commitments
and Tranche A-1 Commitments described in this Section 2 are “Additional Commitments” as contemplated in Section 2.17 of the Credit Agreement and
are referred to herein as the “Specified Additional Commitments.” 

 (b) Amendment to Schedule I. Effective as of the Effective Date, Schedule I to the
Credit Agreement is replaced by Schedule I to this Agreement. 
 (c) Terms of Specified Additional Commitments. The Specified
Additional Commitments shall have, and be subject to, the same terms and conditions of the Credit Agreement and the other Loan Documents applicable to the other Tranche A Commitments and Tranche A-1
Commitments (after giving effect to the amendments to the Credit Agreement set forth herein), as applicable, and any and all Additional Loans made pursuant to the Specified Additional Commitments are intended to be, and shall be treated in every
respect as, Revolving Loans (whether Tranche A Loans or Tranche A-1 Loans, as applicable). Without limiting the generality of the foregoing, (i) every Additional Loan made pursuant to any Specified
Additional Commitment which is a Tranche A Commitment shall constitute a Tranche A Loan in every respect; (ii) every Additional Loan made pursuant to any Specified Additional Commitment which is a Tranche
A-1 Commitment shall constitute a Tranche A-1 Loan in every respect; and (iii) the Specified Additional Commitments and the Additional Loans made pursuant thereto,
as applicable, shall (A) have the same guarantees as, and be secured on a pari passu basis in right of payment and security by the same Collateral securing, the Revolving Loans (whether Tranche A Loans or Tranche
A-1 Loans, as applicable); (B) have no distinction from the other Revolving Loans in terms of mandatory prepayments; (C) have the same Maturity Date as the other Revolving Loans; and (D) bear
interest at the same rates of interest otherwise applicable to other Revolving Loans (whether Tranche A Loans or Tranche A Loans, as applicable). After giving effect to this Agreement, the Increasing Lenders which are providing Specified Additional
Commitments which are Tranche A Commitments shall have no voting rights or class protections under the Credit Agreement and the other Loan Documents which are distinct from the voting rights and class protections of any other Lenders having Tranche
A Commitments under the Credit Agreement and the other Loan Documents. After giving effect to this Agreement, the Increasing Lenders providing Specified Additional Commitments which are Tranche A-1 Commitments
shall have no voting rights or class protections under the Credit Agreement and the other Loan Documents which are distinct from the voting rights and class protections of any other Lenders having Tranche A-1
Commitments under the Credit Agreement and the other Loan Documents. 
 (d) Additional Revolving Credit Amendment. This Agreement
constitutes an Additional Revolving Credit Amendment, as contemplated in Section 2.17 of the Credit Agreement. 

(e) Sequence of Events. Each party to this Agreement agrees that the Specified Additional Commitments shall be deemed to have been given
effect immediately before the effectiveness of the amendments set forth in Section 3 and each Increasing Lender shall be deemed to have agreed to the amendments set forth in Section 3, in each
case, subject to the other terms and conditions set forth in this Agreement. 
 (f) Reallocation. In accordance with
Section 2.17(b)(vii) of the Credit Agreement, each Borrower hereby authorizes and directs each Increasing Lender to make, on the Effective Date, such Tranche A Loans and Tranche A-1 Loans as are requested
by the Administrative Agent to cause the outstanding principal balance of all Tranche A Loans and Tranche A-1 Loans to be reallocated among the Lenders in accordance with their respective pro rata shares (as
applicable and as determined by reference to the revised Schedule I attached hereto), as of the Effective Date. Each party to this Agreement authorizes the Administrative Agent to effect such reallocation, and each Lender party to this
Agreement agrees to provide reasonable cooperation to the Administrative Agent in effecting such reallocation. 

  
 - 2 - 

 SECTION 3 Amendments to Credit Agreement. Subject to and in accordance with the terms and
conditions set forth herein (including, without limitation, Section 4 of this Agreement), and effective on the Effective Date, the Credit Agreement is hereby amended as follows: 

(a) Amendment to Credit Agreement. The cover page of the Credit Agreement is amended and replaced with the form of cover page attached
hereto as Exhibit A. 
 (b) Amendments to Section 1.01. The following new definitions are added to
Section 1.01 of the Credit Agreement in appropriate alphabetical order: 
 “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU
Bail-In Legislation Schedule. 
 “EEA Financial Institution” means
(a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution
described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to
consolidated supervision with its parent. 
 “EEA Member Country” means any of the member states of the
European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public
administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“First Amendment” means the First Amendment to Second Amended and Restated Credit Agreement dated as of the
First Amendment Effective Date. 
 “First Amendment Effective Date” means August 3, 2017. 

“Flood Property” means a property located in a Flood Zone. 

“Flood Zone” means any area having special flood hazards as described in the National Flood Insurance Act of
1968, as amended from time to time, and any successor statute, or in the Biggert-Waters Flood Insurance Reform Act of 2012, as amended from time to time, and any successor statute, or any area identified by the Federal Emergency Management Agency
(or any successor agency) as a special flood hazard area. 

  
 - 3 - 

 “Trigger Amount (Certain Items)” means an amount equal to the
greater of (a) $ 160,000,000 and (b) 10% of the lesser of (i) the Borrowing Base and (ii) the Revolving Credit Amount. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and
conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 (c) Additional Amendments to Section 1.01. The
following definition in Section 1.01 of the Credit Agreement is amended so that it reads, in its entirety, as follows: 

“Applicable Rate” means: 

(a) with respect to the Tranche A Loans: 

(i) at all times before the First Amendment Effective Date, a percentage per annum determined by reference to the Credit
Agreement before giving effect to the amendment to the Credit Agreement effected on the First Amendment Effective Date; 

(ii) on and after the First Amendment Effective Date until the first Adjustment Date after the First Amendment Effective Date,
a percentage per annum equal to the applicable percentage set forth in Level I of the pricing grid below; and 
 (iii) on the
first day of each calendar quarter (each, an “Adjustment Date”), commencing with the first calendar quarter beginning after the First Amendment Effective Date, a percentage per annum equal to the applicable percentage determined
from the following pricing grid and based upon average daily Excess Availability for the most recently ended calendar quarter immediately preceding such Adjustment Date: 
  

											
	 Level
	  	 Average Daily Excess Availability
	  	Tranche A
LIBOR
Applicable Rate	 	 	Tranche A
Base Rate
Applicable Rate	 
	I	  	 Greater than or equal to the

Level I Amount
	  	 	1.25	% 	 	 	0.25	% 
	II	  	 Greater than or equal to the

Level II Amount, but less than
 the
Level I Amount
	  	 	1.50	% 	 	 	0.50	% 
	III	  	Less than the Level II Amount	  	 	1.75	% 	 	 	0.75	% 

  
 - 4 - 

 As used in this clause (a), (A) “Level I Amount” means, at any time of
determination, the greater of (x) 25% of the Loan Cap and (y) $400,000,000; and (B) “Level II Amount” means, at any time of determination, the greater of (x) 15% of the Loan Cap and (y) $250,000,000). 

(b) with respect to the Tranche A-1 Loans: 

(i) at all times before the First Amendment Effective Date, a percentage per annum determined by reference to the Credit
Agreement before giving effect to the amendment to the Credit Agreement effected on the First Amendment Effective Date; 

(ii) on and after the First Amendment Effective Date until the first Adjustment Date after the First Amendment Effective Date,
a percentage per annum equal to the applicable percentage set forth in Level I of the pricing grid below; and 
 (iii) on
each Adjustment Date after the First Amendment Effective Date, a percentage per annum equal to the applicable percentage determined from the following pricing grid and based upon average daily Excess Availability for the most recently ended calendar
quarter immediately preceding such Adjustment Date: 
  

											
	 Level
	  	 Average Daily Excess Availability
	  	Tranche A-1
LIBOR
Applicable Rate	 	 	Tranche A-1
Base Rate
Applicable Rate	 
	 I
	  	 Greater than or equal to the

Level I Amount
	  	 	2.50	% 	 	 	1.50	% 
	 II
	  	 Less than the Level I

Amount
	  	 	2.75	% 	 	 	1.75	% 

 As used in this clause (b), “Level I Amount” means, at any time of determination, the greater
of (x) 25% of the Loan Cap and (y) $400,000,000. 
 (d) Additional Amendment to Section 1.01. The
definition of “Cash Management Services” in Section 1.01 of the Credit Agreement is amended by (i) replacing the “and” immediately before clause (f) with
“,” and (ii) inserting the following clause before the period at the end of such definition: “, and (g) supply chain finance services for the Lead Borrower and its Subsidiaries’ trade payables.” 

(e) Additional Amendment to Section 1.01. The definition of “Defaulting Lender” in
Section 1.01 of the Credit Agreement is amended by (i) deleting “or” before clause (d) of such definition and (ii) inserting the following clause immediately after the single instance of
“capacity” in such definition: “, or (e) has become the subject of a Bail-In Action”. 

(f) Additional Amendment to Section 1.01. The definition of “Other Liabilities” in
Section 1.01 of the Credit Agreement is amended by inserting the following clause immediately before the term “and/or” at the end of subsection (a) thereof: “(including, without limitation, overdraft
protections and similar services or arrangements in connection with deposit accounts)”. 

  
 - 5 - 

 (g) Additional Amendment to Section 1.01. The
definition of “Trigger Event (Cash Dominion)” in Section 1.01 of the Credit Agreement is amended by replacing each instance of “Trigger Amount” in such definition with
“Trigger Amount (Certain Items)”. 
 (h) Additional Amendment to Section 1.01. The
definition of “Trigger Event Cure Period” in Section 1.01 of the Credit Agreement is amended by replacing each instance of “Trigger Amount” in such definition with
“Trigger Amount (Certain Items)”. 
 (i) Additional Amendment to Section 1.01. The
definition of “Trigger Event (FCCR)” in Section 1.01 of the Credit Agreement is amended by (i) deleting the single instance of “either” in such definition and
(ii) replacing each instance of “Trigger Amount” in such definition with “Trigger Amount (Certain Items)”. 

(j) Amendment to Section 2.17(a). The last sentence of Section 2.17(a) of
the Credit Agreement is amended so that it reads, in its entirety, as follows: 
 Notwithstanding anything to the contrary herein, the
aggregate amount of the Additional Commitments consummated, effected, or given effect after the First Amendment Effective Date (but, for the avoidance of doubt, not including those Additional Commitments effected pursuant to the First Amendment)
shall not exceed $800,000,000. 
 (k) Amendment to Section 2.17(d).
Section 2.17(d) of the Credit Agreement is amended by (i) deleting the word “and” from the end of clause (ii) thereof; (ii) replacing the “.” at the end of clause (iii) thereof with
“; and”; and (iii) adding the following as a new clause (iv): 
 (iv) on or before such Additional Revolving
Credit Closing Date, the Lead Borrower shall have received all of the confirmations required by Section 10.25(a). 

(l) Amendment to Section 2.23. Section 2.23 of the Credit Agreement is
amended by inserting the new clause (f) therein: 
 (f) No Extension Amendment or Additional Extension Amendment shall
become effective unless and until the Lead Borrower shall have received all of the confirmations required by Section 10.25(a). 

(m) Amendment to Section 3.07(a). Section 3.07(a) of the Credit Agreement
is amended by (i) replacing the word “and” immediately before clause (B) with “, “ and (ii) amending such clause (B) so that it reads, in its entirety, as follows: 

(B) in the case of any such assignment resulting from a Lender becoming a Non-Consenting Lender under
Section 3.07(d)(i), the applicable Eligible Assignees shall have agreed to the applicable departure, waiver or amendment of the Loan Documents, and (C) in the case of any such assignment resulting from a Lender
becoming a Non-Consenting Lender under Section 3.07(d)(ii), the applicable Eligible Assignees shall have provided the applicable confirmations. 

  
 - 6 - 

 (n) Amendment to Section 3.07(d).
Section 3.07(d) of the Credit Agreement is amended so that it reads, in its entirety, as follows: 

(d) A Lender shall be a “Non-Consenting Lender” if: 

(i) (A) the Lead Borrower or the Administrative Agent has requested that the Lenders consent to a departure or waiver of any
provisions of the Loan Documents or agree to any amendment thereto, (B) the consent, waiver or amendment in question requires the agreement of all affected Lenders in accordance with the terms of Section 10.01 or all the Lenders,
(C) the Required Lenders have agreed to such consent, waiver or amendment, and (D) such Lender has not agreed to such consent, waiver, or amendment; or 

(ii) (A) a Lender shall have been notified by the Administrative Agent of any contemplated Additional Revolving Credit
Amendment, Extension Amendment, or Additional Extension Amendment, or other amendment hereto which has the effect of extending the Maturity Date, and such Lender shall not, for whatever reason, have provided to the Lead Borrower all of such
Lender’s confirmations under Section 10.25 within the time period specified in Section 10.25, and (B) the Required Lenders shall have provided such confirmation within such time period.

 (o) Amendment to Section 6.11(a). Section 6.11(a) of the Credit
Agreement is amended by inserting “(but subject, in the case of Material Real Property, to Section 10.25(b))” immediately before the colon at the end of the introductory clause thereof. 

(p) Amendment to Section 6.13(b). Section 6.13(b) of the Credit Agreement
is amended by inserting “(but subject to Section 10.25(b))” immediately before the first comma therein. 

(q) Amendment to Section 7.06(h). Section 7.06(h) of the Credit Agreement
is amended by replacing the single instance of “Trigger Amount” in such section with “Trigger Amount (Certain Items)”. 

(r) Amendment to Section 7.06(k)(i). Section 7.06(k)(i) of the Credit
Agreement is amended by replacing the single instance of “Trigger Amount” in such section with “Trigger Amount (Certain Items)”. 

(s) Amendment to Section 7.12(a)(vi)(A). Section 7.12(a)(vi)(A) of the
Credit Agreement is amended by replacing the single instance of “Trigger Amount” in such section with “Trigger Amount (Certain Items)”. 

(t) Amendment to Section 7.12(a)(vi)(D). Section 7.12(a)(vi)(D) of the
Credit Agreement is amended by replacing the single instance of “Trigger Amount” in such section with “Trigger Amount (Certain Items)”. 

  
 - 7 - 

 (u) Amendment to Section 9.11(a).
Section 9.11(a) of the Credit Agreement is amended by (i) deleting “or” before clause (vi) of such section; (ii) deleting the semi-colon at the end of such section; and (iii) inserting the
following clause at the end of such section: 
 , or (vii) at any time selected by the Administrative Agent, in its discretion, but only
with the consent of the Lead Borrower, if such property is a Mortgaged Property (A) which the Administrative Agent, the Collateral Agent, or any Lender has reasonably determined to be a Flood Property and (B) as to which the Lead Borrower
has not received all of the confirmations contemplated in Section 10.25 within the time period specified in Section 10.25; 

(v) Amendment to Article X. Article X of the Credit Agreement is amended by including the following new
Section 10.24: 
 Section 10.24 Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto
acknowledges that any liability of any EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and
consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by an
EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

(b) the effects of any Bail-in Action on any such liability, including, if applicable:

 (i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such
liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability in
connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 
 (w) Amendment to Article X.
Article X of the Credit Agreement is amended by adding the following new Section 10.25: 
 SECTION 10.25
Certain Real Property Matters. 

  
 - 8 - 

 (a) Each of the parties hereto acknowledges and agrees that, any other term or
provision of this Agreement or any other Loan Document to the contrary notwithstanding, no Additional Revolving Credit Amendment, Extension Amendment, or Additional Extension Amendment, nor any other amendment hereto which has the effect of
extending the Maturity Date or increasing the Aggregate Commitments, shall become effective or be consummated unless and until the Lead Borrower shall have received (within 30 days after the Administrative Agent notified the Lenders of such
contemplated Additional Revolving Credit Amendment, Extension Amendment, or Additional Extension Amount, or other such amendment having the effect of extending the Maturity Date), confirmation from each of the Administrative Agent, the Collateral
Agent, and each Lender that (i) such Person’s due diligence with respect to flood insurance requirements for all Mortgaged Properties has been completed, (ii) the results of such due diligence are satisfactory to such Person, and
(iii) such Person has received all evidence of compliance with flood insurance requirements set forth in the Loan Documents and found such evidence reasonably satisfactory. 

(b) Any other term or provision of this Agreement or any other Loan Document to the contrary notwithstanding (i) the Lead
Borrower shall provide at least 30 days’ prior written notice to the Administrative Agent and the Lenders before delivering a Mortgage with respect to any Material Real Property and shall not execute and deliver any Mortgage with respect to any
Material Real Property before receiving confirmation from each of the Administrative Agent, the Collateral Agent, and each of the Lenders of the completion of their respective due diligence with respect to flood insurance requirements for such Real
Property and receipt of evidence of compliance with flood insurance requirements set forth in the Loan Documents that is reasonably satisfactory thereto and (ii) if, solely because of the effect of this clause (b), any Loan Party is unable to
satisfy any requirement under this Agreement or any other Loan Document (including, without limitation, the Collateral and Guarantee Requirement), then such Loan Party’s performance of such requirement shall be excused, but only for so long as
this this clause (b) is the sole reason for such Loan Party’s failure to satisfy such requirement. 
 (x) Appointment of Certain
Roles and Titles. Effective as of the First Amendment Effective Date, with respect to the Credit Agreement, (i) Capital One, National Association, is appointed as a Documentation Agent and (ii) J.P. Morgan Securities LLC is appointed
as a Joint Lead Arranger and as a Joint Bookrunner. The appointment of such Persons in such capacities, and such Persons’ acting in such capacities, shall be subject to, and entitled to the benefits afforded by, the terms of the Credit
Agreement, including, without limitation, Section 9.12 thereof. 
 SECTION 4 Effectiveness. This Agreement
(including, without limitation, the Specified Additional Commitments contemplated in Section 2 and the amendments to the Credit Agreement contemplated in Section 3) shall become effective on the
date upon which each of the following conditions is satisfied (such date, the “Effective Date”) (provided, however, that, any other term or provision of this Agreement to the contrary notwithstanding, the Effective
Date shall never occur if it does not occur on or before September 30, 2017): 

  
 - 9 - 

 (a) Receipt of Certain Documents. The Administrative Agent shall have received each of the
following, each of which shall be an original, facsimile, or other electronic format (followed promptly by an original) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each in form and substance
reasonably satisfactory to the Administrative Agent and its legal counsel: 
  

	 	(i)	counterparts of this Agreement duly executed by the Borrowers, Holdings, the Required Lenders, the Administrative Agent, the Collateral Agent, the Issuing Bank, and the Swingline Lender; 

 

	 	(ii)	counterparts of the Guarantor Acknowledgement duly executed by the Guarantors (other than Holdings). 

  

	 	(iii)	a Note executed by the Borrowers in favor of each Increasing Lender that has requested a Note at least two Business Days in advance of the Effective Date; 

 

	 	(iv)	if requested by the Administrative Agent or if any Borrower elects to borrow on the Effective Date, a Request for Credit Extension in accordance with the requirements of the Credit Agreement (as amended hereby);

  

	 	(v)	(A) such certificates of resolutions or other action (including, without limitation, certified copies of resolutions of the Board of Directors of each Borrower with respect to the Specified Additional Commitments,
approving the execution, delivery and performance of this Agreement), incumbency certificates and/or other certificates of Responsible Officers of each Loan Party and each Guarantor as the Administrative Agent may reasonably require evidencing the
identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and (B) a good standing certificate from the applicable Governmental Authority of each Loan
Party’s and each Guarantor’s jurisdiction of incorporation, organization or formation, each dated a recent date prior to the Effective Date; and 

  

	 	(vi)	(A) an opinion from Simpson Thacher & Bartlett LLP, New York counsel to the Loan Parties and (B) an opinion of local counsel to the Loan Parties (other than with respect to the State of Ohio and the State
of California), which opinions, in each case, shall be addressed to the Administrative Agent and the Lenders, be reasonably acceptable to the Administrative Agent, and cover such matters of law as the Administrative Agent shall reasonably request.

 (b) Payment of Fees and Expenses. All fees and expenses required to be paid hereunder, under the Fee Letter and
invoiced on or before the Effective Date shall have been paid in full in cash or the Administrative Agent shall be satisfied with the arrangements made for the payment of such fees and expenses on the Effective Date. 

(c) Conditions Precedent. Each of the conditions precedent set forth in Section 4.02 shall have been satisfied
both before and after giving effect to this Agreement and the making of any Revolving Loans under the Specified Additional Commitments. 

  
 - 10 - 

 SECTION 5 Limited Effect. Except as expressly provided herein, the Credit Agreement and
the other Loan Documents shall remain unmodified and in full force and effect. This Agreement shall not be deemed (a) to be a waiver of, or consent to, or a modification or amendment of, any other term or condition of the Credit Agreement or
any other Loan Document or a waiver of any Default or Event of Default, (b) to prejudice any right or rights which Administrative Agent or Lenders may now have or may have in the future under or in connection with the Credit Agreement or the
other Loan Documents or any of the instruments or agreements referred to therein, as the same may be amended, restated, supplemented, or modified from time to time, or (c) to be a commitment or any other undertaking or expression of any
willingness to engage in any further discussion with any Borrower or any other Person with respect to any waiver, amendment, modification, or any other change to the Credit Agreement or the Loan Documents or any rights or remedies arising in favor
of Lenders or Administrative Agent, or any of them, under or with respect to any such documents. 
 SECTION 6 Representations and
Warranties. 
 (a) General Representations and Warranties. Each Loan Party party hereto represents and warrants, as of the
Effective Date, that (i) it has the corporate or other power and authority to execute, deliver and perform its obligations under this Agreement, (ii) it has taken all necessary corporate or other organizational action to authorize the
execution, delivery and performance of this Agreement, (iii) this Agreement has been duly executed and delivered on behalf of such Loan Party and (iv) this Agreement constitutes a legal, valid and binding obligation of such Loan Party,
enforceable against such Loan Party in accordance with its terms; provided, that the enforceability hereof is subject to general principles of equity, to a covenant of good faith and fair dealing and to Debtor Relief Laws. 

(b) Specific Representations and Warranties. 

(i) Each Loan Party party hereto represents and warrants, as of the Effective Date, that (A) the representations and warranties made by
such Loan Party contained in Article V of the Credit Agreement or any other Loan Document are true and correct in all material respects on and as of the Effective Date; provided, that to the extent that such representations and warranties
specifically refer to an earlier date, they were true and correct in all material respects as of such earlier date; provided, further, that any representation and warranty that is qualified as to “materiality,” “Material
Adverse Effect,” or similar language is true and correct (after giving effect to any qualification therein) in all respects on the Effective Date (or, in the case of the representations and warranties described in the immediately
preceding proviso, were true and correct (after giving effect to any qualification therein) in all respects as of such earlier date) and (B) no Default or Event of Default has occurred and is continuing or will result after giving effect to
this Agreement on and as of the Effective Date; and 
 (ii) Holdings represents and warrants that on the Effective Date, Holdings and its
Subsidiaries, on a consolidated basis, are Solvent. 
 SECTION 7 Execution in Counterparts; Loan Document. This Agreement may be
executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this
Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart hereof. This Agreement is a Loan Document. 

SECTION 8 Governing Law. This Agreement shall be governed by the laws of the State of New York. 

  
 - 11 - 

 SECTION 9 Entire Agreement. This Agreement is the entire agreement, and supersedes any
prior agreements and contemporaneous oral agreements, of the parties concerning its subject matter. 
 SECTION 10 Successors and
Assigns. This Agreement shall be binding on and inure to the benefit of the parties and their respective heirs, beneficiaries, successors and permitted assigns. 

SECTION 11 Statement Concerning Florida Mortgages. Any other term or provision of this Agreement or any other Loan Document to the
contrary notwithstanding, each of the Loan Parties and the Agent affirm that the recovery limitations in each Mortgage recorded in the State of Florida remain in full and effect, without modification. 

[Continued on following page.] 

  
 - 12 - 

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

 

  
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Inc. 
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Signature Page 

 Guarantor Acknowledgement 

Each of the undersigned, in its capacity as a Guarantor, acknowledges that its consent to the foregoing Agreement is not required, but each of
the undersigned nevertheless does hereby consent to the foregoing Agreement and to the documents and agreements referred to therein. Nothing herein shall in any way limit any of the terms or provisions of the Guaranty of the undersigned or the
Collateral Documents executed by the undersigned in the Administrative Agent’s and the Lenders’ favor, or any other Loan Document executed by the undersigned (as the same may be amended from time to time), all of which are hereby ratified
and affirmed in all respects. 
  
 

 

  
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 EXHIBIT A 

U.S. $1,950,000,000 
 SECOND
AMENDED AND RESTATED CREDIT AGREEMENT 
 Dated as of February 1, 2016 

And Amended as of August 3, 2017 

among 
 PERFORMANCE FOOD GROUP,
INC., 
 as Lead Borrower for the Borrowers named herein, 

PFGC, INC., 
 as Holdings, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent and Collateral Agent, 

and 
 THE OTHER LENDERS PARTY
HERETO 
  
  

BANK OF MONTREAL, 
 BANK OF
AMERICA, N.A., 
 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, and 

BARCLAYS BANK PLC, 
 as Syndication
Agents, 
 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, 

JPMORGAN CHASE BANK, N.A., and 

CAPITAL ONE, NATIONAL ASSOCIATION, 

as Documentation Agents, 
 WELLS
FARGO BANK, NATIONAL ASSOCIATION, 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

BMO CAPITAL MARKETS, 
 BARCLAYS BANK
PLC, 
 CREDIT SUISSE SECURITIES (USA) LLC, and 

J.P. MORGAN SECURITIES LLC, 
 as
Joint Lead Arrangers and 
 Joint Bookrunners 

 SCHEDULE A 
  

																	
	 Lender
	  	Tranche A
Increase	 	  	Total Tranche A
Commitment*	 	  	Tranche A-1
Increase	 	  	Total Tranche A-1
Commitment*	 
	 Wells Fargo Bank, National Association
	  	$	70,375,000	 	  	$	355,000,000	 	  	 	4,625,000	 	  	$	45,000,000	 
	 Bank of America, N.A.
	  	$	30,577,275	 	  	$	157,139,775	 	  	 	4,422,725	 	  	$	12,860,225	 
	 Bank of Montreal
	  	$	30,577,275	 	  	$	157,139,775	 	  	 	4,422,725	 	  	$	12,860,225	 
	 Barclays Bank PLC
	  	$	20,000,000	 	  	$	120,000,000	 	  	 	0.00	 	  	$	0.00	 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	18,718,000	 	  	$	113,343,000	 	  	 	1,282,000	 	  	$	6,657,000	 
	 JPMORGAN Chase Bank, N.A.
	  	$	22,362,500	 	  	$	116,987,500	 	  	 	2,637,500	 	  	$	8,012,500	 
	 Cooperatieve Rabobank U.A., New York Branch
	  	$	9,207,000	 	  	$	98,269,500	 	  	 	793,000	 	  	$	6,730,500	 
	 PNC Bank, National Association
	  	$	14,468,750	 	  	$	97,343,750	 	  	 	531,250	 	  	$	2,656,250	 
	 Regions Bank
	  	$	16,250,000	 	  	$	96,250,000	 	  	 	750,000	 	  	$	3,750,000	 
	 U.S. Bank, National Association
	  	$	18,590,000	 	  	$	93,590,000	 	  	 	1,410,000	 	  	$	6,410,000	 
	 Capital One Business Credit Corp.
	  	$	27,957,000	 	  	$	98,269,500	 	  	 	2,043,000	 	  	$	6,730,500	 
	 Citizens Business Capital
	  	$	4,559,500	 	  	$	74,872,000	 	  	 	440,500	 	  	$	5,128,000	 
	 TD Bank, NA
	  	$	15,000,000	 	  	$	82,000,000	 	  	 	0.00	 	  	$	0.00	 
	 City National Bank, a National Banking Association
	  	$	12,070,700	 	  	$	68,320,700	 	  	 	929,300	 	  	$	4,679,300	 
	 Compass Bank
	  	$	9,287,000	 	  	$	51,474,500	 	  	 	713,000	 	  	$	3,525,500	 
	 Morgan Stanley Bank, NA
	  	$	5,000,000	 	  	$	45,000,000	 	  	 	0.00	 	  	$	0.00	 

  

	*	After giving effect to the Specified Additional Commitments. 

 SCHEDULE I – COMMITMENTS 

PERFORMANCE FOOD GROUP, INC. 

REVOLVER ALLOCATIONS 
  

																									
	 	  	 	 	  	 	 	 	Pro Rata Allocations	 
	 Lender
	  	Total Allocation	 	  	(%) Allocation	 	 	Tranche A
Allocation	 	  	Tranche A (%)	 	 	Tranche A-1
Allocation	 	  	Tranche A-1 (%)	 
	 Wells Fargo Bank, National Association
	  	$	400,000,000	 	  	 	20.512820512	% 	 	$	355,000,000	 	  	 	19.452054794	% 	 	$	45,000,000	 	  	 	36.000000000	% 
	 Bank of America, N.A.
	  	$	170,000,000	 	  	 	8.717948717	% 	 	$	157,139,775	 	  	 	8.610398630	% 	 	$	12,860,225	 	  	 	10.288180000	% 
	 Bank of Montreal
	  	$	170,000,000	 	  	 	8.717948717	% 	 	$	157,139,775	 	  	 	8.610398630	% 	 	$	12,860,225	 	  	 	10.288180000	% 
	 Barclays Bank PLC
	  	$	120,000,000	 	  	 	6.153846153	% 	 	$	120,000,000	 	  	 	6.575342465	% 	 	$	0.00	 	  	 	0.000000000	% 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	120,000,000	 	  	 	6.153846153	% 	 	$	113,343,000	 	  	 	6.210575342	% 	 	$	6,657,000	 	  	 	5.325600000	% 
	 JPMORGAN Chase Bank, N.A.
	  	$	125,000,000	 	  	 	6.410256410	% 	 	$	116,987,500	 	  	 	6.410273972	% 	 	$	8,012,500	 	  	 	6.410000000	% 
	 Cooperatieve Rabobank U.A., New York Branch
	  	$	105,000,000	 	  	 	5.384615384	% 	 	$	98,269,500	 	  	 	5.384630136	% 	 	$	6,730,500	 	  	 	5.384400000	% 
	 PNC Bank, National Association
	  	$	100,000,000	 	  	 	5.128205128	% 	 	$	97,343,750	 	  	 	5.333904109	% 	 	$	2,656,250	 	  	 	2.125000000	% 
	 Regions Bank
	  	$	100,000,000	 	  	 	5.128205128	% 	 	$	96,250,000	 	  	 	5.273972602	% 	 	$	3,750,000	 	  	 	3.000000000	% 
	 U.S. Bank, National Association
	  	$	100,000,000	 	  	 	5.128205128	% 	 	$	93,590,000	 	  	 	5.128219178	% 	 	$	6,410,000	 	  	 	5.128000000	% 
	 Capital One Business Credit Corp.
	  	$	105,000,000	 	  	 	5.384615384	% 	 	$	98,269,500	 	  	 	5.384630136	% 	 	$	6,730,500	 	  	 	5.384400000	% 
	 Citizens Business Capital
	  	$	80,000,000	 	  	 	4.102564102	% 	 	$	74,872,000	 	  	 	4.102575342	% 	 	$	5,128,000	 	  	 	4.102400000	% 
	 TD Bank, NA
	  	$	82,000,000	 	  	 	4.205128205	% 	 	$	82,000,000	 	  	 	4.493150684	% 	 	$	0.00	 	  	 	0.000000000	% 
	 City National Bank, a National Banking Association
	  	$	73,000,000	 	  	 	3.743589743	% 	 	$	68,320,700	 	  	 	3.743600000	% 	 	$	4,679,300	 	  	 	3.743440000	% 
	 Compass Bank
	  	$	55,000,000	 	  	 	2.820512820	% 	 	$	51,474,500	 	  	 	2.820520547	% 	 	$	3,525,500	 	  	 	2.820400000	% 
	 Morgan Stanley Bank, NA
	  	$	45,000,000	 	  	 	2.307692307	% 	 	$	45,000,000	 	  	 	2.465753424	% 	 	$	0.00	 	  	 	0.000000000	% 
	 TOTALS
	  	$	1,950,000,000	 	  	 	100.000000000	% 	 	$	1,825,000,000	 	  	 	100.000000000	% 	 	$	125,000,000	 	  	 	100.000000000	%

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