Document:

EX-10.45

 Exhibit 10.45 

FIDELITY & GUARANTY LIFE 

PERFORMANCE RSU GRANT AGREEMENT 

This Performance RSU Grant Agreement (the “Agreement”) is entered into by and between Fidelity & Guaranty
Life (the “Company” or “F&G LIFE”) and [NAME] (the “Grantee”), effective as of [GRANT DATE] (the “Grant Date”). 

Recitals 

WHEREAS, the Board of Directors of the Company adopted the Fidelity & Guaranty Life 2013 Performance RSU Incentive
Plan (the “Plan”); 
 WHEREAS, the Plan provides for Awards to employees, directors and consultants of the
Company and its Subsidiaries or Affiliates; 
 WHEREAS, the Grantee has been determined to be an employee, director or
consultant who is entitled to an Award under the Plan; and 
 WHEREAS, the Company desires to provide Grantee with the
opportunity to receive a cash payment or acquire stock ownership in the Company based on the performance of the Company, in order to provide the Grantee with an incentive to remain in the employ of the Company or its Subsidiaries or Affiliates. 

NOW, THEREFORE, the Company and the Grantee covenant and agree as follows: 

 

	1.	DEFINITIONS. 

 Under this Agreement, except where the context
otherwise indicates, the following definitions apply: 
 (a) “Account” means the bookkeeping account maintained for the
Grantee pursuant to Section 2. 
 (b) “Adjusted Operating Income” is a non-U.S. GAAP measure calculated by adjusting income
before income taxes to eliminate (i) interest expense and other income, (ii) certain gains related to the Fidelity & Guaranty Life Holdings, Inc. acquisition, (iii) the impact of net investment gains, excluding gains and
losses on derivatives and including net other-than-temporary impairment (“OTTI”) losses recognized in operations, (iv) the effect of changes in the rates used to discount the FIA embedded derivative liability, and (v) the effects
of acquisition-related reinsurance transactions, net of the corresponding value of business acquired (“VOBA”) and deferred acquisition costs (“DAC”) impact related to these adjustments. 

 (c) “Agreement” means this Performance RSU Grant Agreement and shall
include the applicable provisions of the Plan, which is hereby incorporated into and made a part of this Agreement. 
 (d)
“Applicable Percentage” means, with respect to a specific Performance Measure for a specific Fiscal Year, the percentage determined as follows: 

(1) If the Minimum Achievement Level for the applicable Performance Measure for the applicable Fiscal Year is not satisfied, 0%. 

(2) If the Minimum Achievement Level for the applicable Performance Measure for the applicable Fiscal Year is satisfied, 50%. 

(3) If the Target Achievement Level for the applicable Performance Measure for the applicable Fiscal Year is satisfied, 100%. 

(4) If the Stretch Achievement Level for the applicable Performance Measure for the applicable Fiscal Year is satisfied, 175%. 

(5) If the Maximum Achievement Level for the applicable Performance Measure for the applicable Fiscal Year is satisfied, 200%. 

(6) If the applicable Performance Measure attained for the applicable Fiscal Year is between the Minimum Achievement Level and the Target
Achievement Level, or between the Target Achievement Level and the Stretch Achievement Level, or between the Stretch Achievement Level and the Maximum Achievement Level, the Applicable Percentage shall be adjusted on a straight line basis to reflect
the position of the actual attainment level between the two achievement levels. For example, if the Performance Measure attained for a Fiscal Year is directly between the Minimum Achievement Level and the Target Achievement Level, the Applicable
Percentage would be 75%. Similarly, if the Performance Measure attained for a Fiscal Year is directly between the Target Achievement Level and the Stretch Achievement Level, the Applicable Percentage would be 137.5%. 

(e) “Cause”, as to any Grantee who is party to an employment agreement with the Company or a Subsidiary or Affiliate,
has the same meaning as set forth in such employment agreement. In the absence of such an employment agreement, “Cause” shall mean the Grantee (i) shall have been convicted, indicted for, or entered a plea of nolo contendere to, any
felony or any other act involving fraud, theft, misappropriation, dishonesty, or embezzlement, (ii) shall have committed intentional and willful acts of misconduct that materially impair the goodwill or business of the Company or cause material
damage to its property, goodwill, or business, or (iii) shall have willfully refused 

  
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to, or willfully failed to, perform in any material respect his or her duties, provided, however, that no such termination for Cause under clause (iii) shall be effective unless
the Grantee does not cure such refusal or failure to the Company’s reasonable satisfaction as soon as practicable after the Company gives the Grantee written notice identifying such refusal or failure (and, in any event, within ten
(10) calendar days after receipt of such written notice). The determination as to whether “Cause” has occurred shall be made by the Committee, which shall have the authority to waive the consequences under the Plan of the existence or
occurrence of any of the events, acts or commissions constituting “Cause.” A termination for Cause shall be deemed to include a determination following a Grantee’s termination of employment for any reason that circumstances existed
prior to such termination sufficient for the Company or one of its Subsidiaries or Affiliates to have terminated such Grantee’s employment for Cause. 

(f) “Fiscal Year” means the fiscal year of the Company, which is currently each October 1st to
September 30th. References to a particular Fiscal Year refer to the Fiscal Year ending in the specified year (e.g., the 2014 Fiscal Year refers to the Fiscal Year ending on September 30, 2014). 

(g) “GAAP” means U.S. generally accepted accounting principles, consistently applied. 

(h) “Grant Date” means [ENTER DATE]. 

(i) “Involuntary Termination of Employment” means the involuntary termination of Grantee’s employment by the
Company. 
 (j) “Maximum Achievement Level” refers to the level designated as such in Appendix A for the
applicable Performance Measure for the applicable Fiscal Year. 
 (k) “Minimum Achievement Level” refers to
the level designated as such in Appendix A for the applicable Performance Measure for the applicable Fiscal Year. 
 (l)
“Performance Measure” means Adjusted Operating Income and Return on Equity. 
 (m) “Performance
Period” means the period beginning October 1, 2014 and ending on September 30, 2016. 
 (n)
“Performance RSU” means a bookkeeping entry that represents an amount equivalent to one share of Stock. 

(o) “Plan” means the Fidelity & Guaranty Life 2013 Performance RSU Incentive Plan, as amended from time to
time. 

  
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 (p) “Protective Provisions” means, as to any Grantee who is a party to an
employment agreement with the Company (or a Subsidiary or Affiliate) that contains non-competition, non-solicitation, non-disclosure and/or other similar provisions, such provisions. In the absence of such an employment agreement, “Protective
Provisions” shall refer to the provisions set forth in Appendix B of this Agreement. 
 (q) “Return on Equity
After Tax AOI” means Return on Equity, After Tax AOI, which is a non-U.S. GAAP measure. It is calculated by dividing after tax adjusted operating income using the effective tax rate for the quarter) by total average equity (excluding
accumulated other comprehensive income). Average equity (excluding accumulated other comprehensive income) is the sum of the equity at the end of each month divided by the number of months in the period. 

(r) “Separation from Service” means a separation from service of Grantee from the Company (and its Controlled Group)
within the meaning of Code Section 409A(a)(2)(A)(i). 
 (s) “Service Requirement” means the Grantee must have
been in the continuous employment of the Company (or a Subsidiary or Affiliate) from the Grant Date through the applicable vesting date set forth in Section 3(b). 

(t) “Specified Employee” means a specified employee within the meaning of Code Section 409A(a)(2)(B)(i). 

(u) “Stretch Achievement Level” refers to the level designated as such in Appendix A for the applicable Performance
Measure for the applicable Fiscal Year. 
 (v) “Target Achievement Level” refers to the level designated as
such in Appendix A for the applicable Performance Measure for the applicable Fiscal Year: 
 Any capitalized term used herein that is
not expressly defined in this Agreement shall have the meaning that such term has under the Plan unless otherwise provided herein. 
  

	2.	AWARD OF PERFORMANCE RSUs. 

 Subject to the provisions of this
Agreement and pursuant to the provisions of the Plan, the Committee hereby grants to the Grantee a Performance RSU Award on the Grant Date for Performance RSUs as stated in the Performance RSU Overview below (representing the number of RSUs that
would be earned by the Grantee upon attainment of the Target Achievement Level for both Performance Measures for each applicable Fiscal Year, and would vest upon completion of the Service Requirement). The Grantee shall be entitled to receive, as
determined by the Committee in its election, either (i) one share of Stock, or (ii) a cash payment equal to the Fair Market Value of one share of Stock, for each Performance RSU earned by the Grantee and vested pursuant to the terms

  
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of this Grant Agreement. The number of Performance RSUs to which the Grantee would be entitled if the Target Achievement Level is attained for both Performance Measures for each applicable Fiscal
Year, and if the Service Requirement is completed by the Grantee, shall be credited to the Grantee’s Account as of the Grant Date. The Grantee’s Account shall be the record of Performance RSUs granted to the Grantee hereunder and is solely
for accounting purposes and shall not require a segregation of any assets of the Company. The Grantee shall not have the rights of a stockholder with respect to any Performance RSUs credited to the Grantee’s Account unless and until shares of
Stock have been distributed to the Grantee pursuant to Section 4 and the Grantee’s name has been entered as a stockholder of record on the books of the Company with respect to such distributed shares of Stock. 

 

	3.	PERFORMANCE, VESTING AND OTHER RESTRICTIONS. 

 The Performance RSUs
shall become earned only upon, and to the extent of, the satisfaction by the Company of the Performance Measures as described herein, and shall become vested only upon the completion of the employment requirements (as set forth in
Section 3(b)). 
 (a) Adjustment of Performance RSUs based on Satisfaction of Performance Measures. At the end of
the Performance Period, the number of Performance RSUs in the Grantee’s Account shall be adjusted so that the total number of Performance RSUs is determined as the sum of the following: 

(1) The number of Performance RSUs as of the Grant Date, multiplied by 50%, multiplied by 33-1/3%, multiplied by the Applicable Percentage
based on attained Adjusted Operating Income for Fiscal Year 2014; plus 
 (2) The number of Performance RSUs as of the Grant Date,
multiplied by 50%, multiplied by 33-1/3%, multiplied by the Applicable Percentage based on attained Adjusted Operating Income for Fiscal Year 2015; plus 

(3) The number of Performance RSUs as of the Grant Date, multiplied by 50%, multiplied by 33-1/3%, multiplied by the Applicable Percentage
based on attained Adjusted Operating Income for Fiscal Year 2016; plus 
 (4) The number of Performance RSUs as of the Grant Date,
multiplied by 50%, multiplied by 33-1/3%, multiplied by the Applicable Percentage based on attained Return on Equity for Fiscal Year 2014; plus 

(5) The number of Performance RSUs as of the Grant Date, multiplied by 50%, multiplied by 33-1/3%, multiplied by the Applicable Percentage
based on attained Return on Equity for Fiscal Year 2015; plus 

  
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 (6) The number of Performance RSUs as of the Grant Date, multiplied by 50%, multiplied by
33-1/3%, multiplied by the Applicable Percentage based on attained Return on Equity for Fiscal Year 2016. 
 (b)
Vesting. Performance RSUs which were earned under Subsection (a) above shall become vested as follows: 
 (1)
Employment Until September 30, 2016. The Performance RSUs shall become vested on September 30, 2016, provided that the Grantee remains in the continuous employment of the Company (or a Subsidiary or Affiliate) from the Grant
Date through such date. If the Grantee terminates employment with the Company (and its Subsidiaries and Affiliates) before September 30, 2016 other than under the circumstances described in Sections 3(b)(2) and (3) below, the Grantee shall
forfeit all of his or her Performance RSUs. 
 (2) Effect of Death or Disability Prior to End of the Performance Period.
Notwithstanding Section 3(b)(1) above, if Grantee’s employment with the Company (or a Subsidiary or Affiliate) terminates after the Grant Date and prior to end of the Performance Period due to Disability or death, vesting of Grantee’s
Performance RSUs shall not be accelerated unless the Administrator, in its sole discretion, provides in writing that the vesting of all or a portion of the Grantee’s Performance RSUs shall be accelerated. Acceleration of vesting under this
Section 3(b)(2) shall not affect the timing of payment with respect to the Grantee’s Performance RSUs, which shall occur as specified in Section 4(a)(1). 

(3) Effect of Involuntary Termination of Employment without Cause Prior to September 30, 2016. Notwithstanding
Section 3(b)(1) above, if a Grantee incurs an Involuntary Termination of Employment without Cause prior to September 30, 2016, the Grantee shall become vested in his or her Performance RSUs through the Fiscal Year prior to the Fiscal Year
in which such Involuntary Termination of Employment without Cause occurs, and shall forfeit his or her Performance RSUs for the Fiscal Year in which such Involuntary Termination of Employment without Cause occurs and for later Fiscal Years. 

(c) Example. Appendix A contains a hypothetical example of the calculations of earned and vested Performance RSUs based
on assumptions as to achievement of the Performance Measures. This example is presented solely as an illustration of the calculation methodology. 

(d) Committee Determination. The Performance Measures set forth in this Agreement are evaluated independently by the
Committee. The Committee shall determine and certify the extent to which the Performance Measures have been met following the end of the Performance Period, and the number of Performance RSUs earned and vested by the Grantee hereunder. The
Committee’s determinations shall be binding and conclusive on all parties. Performance RSUs shall not be deemed to have 

  
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been earned until the Committee’s determination and certification as to the attainment of the Performance Measures have been completed. The Committee may not exercise discretion to
increase the amount earned or vested and/or the shares of Stock or amount of cash otherwise due beyond the levels set forth in this Section 3. 

(e) Employment Requirement; Adjustments. 

(1) General. Except as otherwise provided in Section 3(b), in order to become vested in Performance RSUs under the terms of
this Agreement, the Performance RSUs must be earned under Section 3(a) and the Grantee must meet the service requirement set forth in Section 3(b). The Grantee shall not be deemed to be employed by the Company (or a Subsidiary or
Affiliate) if the Grantee’s employment has been terminated, even if the Grantee is receiving severance in the form of salary continuation through the regular payroll system. Any portion of the Performance RSUs which have not yet or do not
become earned and vested under Sections 3(a) and (b), as of the date Grantee’s employment with the Company (or a Subsidiary or Affiliate) is terminated, shall be forfeited. Any Performance RSUs credited to Grantee’s Account which are
determined by the Committee to have not been earned under Section 3(a) following the end of the Performance Period shall be forfeited. 

(2) Adjustment of Award. In the event it is determined that a Performance RSU was paid based on incorrect financial results, the
Committee will review a Performance RSU paid to the Grantee. If the amount of any payment under a Performance RSU would have been lower had the level of achievement of applicable financial performance goals been calculated based on the correct
financial results, the Committee may, in its sole discretion, adjust (i.e., lower) the amount of such payment so that it reflects the amount that would have been paid based on the correct financial results and, to the extent permitted by applicable
law, require the reimbursement of any amount paid to or received by the Grantee with respect to such Performance RSU. 
  

	4.	ISSUANCE OF SHARES OR PAYMENT OF CASH. 

 (a) Issuance
of Shares or Payment of Cash. The Company shall pay to Grantee the value of the RSUs that are earned and vested in accordance with Section 3 in cash or in Stock as determined by the Company in its election (in each case, subject to
applicable tax withholding). Notwithstanding anything to the contrary herein, in accordance with Section 4 of the Plan, the amount payable to the Grantee shall not exceed the value of the maximum number of shares of Stock (determined as of the
first day of the Performance Period) that may be granted under Section 4(b) of the Plan to any one Covered Employee during any Fiscal Year less the number of any shares of Stock previously granted to the Grantee under the Plan for the Fiscal
Year containing the first day of the Performance Period. Such payment shall be made as soon as practicable after the earlier of the following dates (but no later than the sixty (60) days following the applicable date): 

(1) September 30, 2016; 

  
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 (2) Grantee’s Separation from Service due to Involuntary Termination of Employment without
Cause. 
 In the event of any amendment to this Agreement that affects the date of vesting under Section 3(b)(2), the date of
distribution under Subsection (a)(1) above shall be determined without regard to any such amendment. 
 (b)
Withholding. If the Committee elects to make distributions all or partially in cash, the cash (except for any amounts which are withheld to satisfy any tax withholding requirement) will be paid to the same account of Grantee, and in
the same manner, as payments of Grantee’s base salary. If the Committee elects to make distributions all or partially in shares of Stock, the Company may issue the shares (except for any shares of Stock which are withheld to satisfy any tax
withholding requirement) to an account of Grantee opened by the Company at a financial institution selected by the Company. Cash shall be paid in lieu of issuing partial shares. Payment of cash and/or issuance of shares of Stock, with an aggregate
value equal to the payout amount for each vested Performance RSU, constitutes full payment and satisfaction of such Performance RSU and this Award. 

(c) Payment Delay Due to 162(m). To the extent that any cash or shares of Stock cannot be distributed to a Grantee in
respect of any Performance Units (or any other payment cannot be made) because of the payment limitations contained in Section 10 of the Plan, then payment of such amount shall be delayed until the earliest date on which such distribution or
payment can be made consistent with Section 409A of the Code and the payment limitations contained in Section 10 of the Plan. If any distribution is deferred under this Section, such Performance Units shall nevertheless become fully vested
and earned by Grantee as of the date of the Committee determination and certification as to the attainment of the performance achievement levels, and the determination to distribute such Performance Units in cash or Stock under Section 4(a)
above shall be made on the Distribution Date (determined as if this Section 4(c) did not apply). To the extent that the Committee determines, pursuant to Section 4(a) above, to make distributions partially in cash and partially in shares
of Stock, then all distributions made pursuant to this Section 4(c) shall be made first in cash and then in shares of Stock. To the extent required in order to comply with Section 409A of the Code, any distribution or payment to a
Specified Employee that is delayed in accordance with the provisions of this Section 4(c) and which is made in connection with or following Separation from Service shall not be made earlier than the first business day of the seventh month
following Separation from Service, or if earlier the date of death of Grantee. Any distribution or payment that is delayed in accordance with the foregoing sentence shall be made on the first business day following the expiration of such six
(6) month period. 
 (d) Payment Delay Due to 162(m) – Additional Provisions. Notwithstanding the
prior provisions of this Section 4, to the extent that the Committee 

  
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reasonably determines that payment of any cash or shares of Stock in respect of any Performance Units, would cause the expense resulting from such Performance Units to be nondeductible
under Section 162(m) of the Code, then payment of such amount shall be deferred until either (i) the first Fiscal Year in which the Committee reasonably anticipates (or should reasonably anticipate) that if payment is made during such
Fiscal Year, the deduction of such payment would not be barred by Section 162(m) of the Code; (ii) or, if the Grantee Separates from Service before the entire amount has been paid, by the 15th day of the third month following the
Grantee’s Separation from Service (subject to the last two sentences of this Section). To the extent that a portion of such cash or Stock cannot be fully paid in the first such Fiscal Year (prior to a Separation from Service), the portion that
cannot be paid without creating a nondeductible expense under Section 162(m) of the Code will be distributed during each subsequent Fiscal Year (subject to the limitations of Section 162(m) of the Code and the requirements of
Section 409A of the Code) until the entire amount has been distributed. If any distribution is deferred under this Section, the Performance Units shall become fully vested and earned by Grantee as of the date of the Committee determination and
certification as to the attainment of the performance achievement levels, and the determination to distribute such Performance Units in cash or Stock under Section 4(a) above shall be made on the Distribution Date (determined as if this
Section 4(d) did not apply). To the extent that the Committee determines, pursuant to Section 4(a) above, to make distributions partially in cash and partially in shares of Stock, then all distributions made pursuant to this
Section 4(d) shall be made first in cash and then in shares of Stock. To the extent required in order to comply with Section 409A of the Code, all distributions or payments to a Grantee who is a Specified Employee for the year in which the
Grantee Separates from Service that could be delayed in accordance with the provisions of this Section 4(d) shall not be made earlier than the first business day of the seventh month following Separation from Service, or if earlier the date of
death of Grantee. Any distribution or payment that is delayed in accordance with the foregoing sentence shall be made on the first business day following the expiration of such six (6) month period. 

(e) Transfer Restrictions. Transfer of the shares of Stock shall be subject to the Company’s trading policies and
any applicable securities laws or regulations governing transferability of shares of the Company. 
 (f) Securities
Regulations. No Stock shall be issued hereunder until the Company has received all necessary stockholder and regulatory approvals and has taken all necessary steps to assure compliance with federal and state securities laws or has determined
to its satisfaction and the satisfaction of its counsel that an exemption from the requirements of the federal and applicable state securities laws are available. To the extent applicable, transactions under the Plan are intended to comply with all
applicable conditions of Rule 16b-3 under the U. S. Securities and Exchange Act of 1934. Any ambiguities or inconsistencies in the construction of this Agreement or the Plan shall be interpreted to give effect to such intention. However, to the
extent any provision of the Plan or action by the Committee fails to so comply, it shall be deemed null and void to the extent permitted by law and deemed advisable by the Committee in its discretion. 

  
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 (g) Fractional Shares. No fractional shares or scrip representing fractional
shares of Stock shall be issued pursuant to this Agreement. If, upon the issuance of shares of Stock under this Agreement, Grantee would be entitled to a fractional share of Stock, the number of shares to which Grantee is entitled shall be rounded
down to the next lower whole number. 
 (h) Beneficiary. 

(1) Grantee may, from time to time, designate a beneficiary or beneficiaries (who may be named contingently or successively) to whom any
benefit under this Agreement is to be paid in case of Grantee’s death before Grantee has received all benefits to which Grantee would have been entitled under this Agreement. Each designation of beneficiary shall revoke all prior designations
by the Grantee, shall be in a form prescribed by the Committee, and will be effective only when received in writing by the Committee. The last valid beneficiary designation received shall be controlling; provided, however, that no beneficiary
designation, or change or revocation thereof, shall be effective unless received prior to the Grantee’s death. 
 (2) If no valid and
effective beneficiary designation exists at the time of the Grantee’s death, or if no designated beneficiary survives the Grantee, or if the Grantee’s beneficiary designation is invalid under the law, any benefit payable hereunder shall be
made to the Grantee’s surviving spouse, if any, or if there is no such surviving spouse, to the executor or administrator of Grantee’s estate. If the Committee is in doubt as to the right of any person to receive payment of any benefit
hereunder, the Committee may direct that the amount of such benefit be paid into a court of competent jurisdiction in an interpleader action, and such payment into court shall fully and completely discharge any liability or obligation of the Plan,
the Company, the Committee, or the Board of Directors of the Company under this Agreement. 
 (i) Clawback
Provisions. 
 (1) Notwithstanding anything to the contrary in this Agreement, this Award is expressly made subject to the
terms of the clawback provisions set forth below. As a result, Grantee may be required to forfeit his or her Award and return to the Company amounts distributed with respect to his or her Award (or the value thereof), in the situations described
below. Grantee agrees that the Company may enforce the forfeiture by all legal means available, including, without limitation, by withholding the forfeited amount from other sums owed to Grantee by the Company (or a Subsidiary or Affiliate). 

(2) In the event of a restatement of the Company’s financial results within three years of original reporting to correct a material
error, then, if the Company’s 

  
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Board of Directors determines that Grantee’s acts or omissions were a significant contributing factor to the need to issue such restatement and that all or any portion of Grantee’s
Award, if the award was made prior to the restatement, would not have been awarded based upon the restated financial results, then Grantee agrees to forfeit and return to the Company, to the extent permitted by applicable law, the portion (which may
be all) of this Award or of the cash or shares of Stock distributed in respect of vested Performance RSUs or value thereof (regardless of whether vesting has occurred and cash or Stock distributed) that the Board of Directors, in its discretion,
determines to be appropriate. 
 (3) In the event that, (i) Grantee’s employment is terminated by the Company for Cause,
(ii) following the termination of Grantee’s employment, the Company is or becomes aware that Grantee committed an act that would have given rise to a termination for Cause, or (iii) during or following Grantee’s employment,
Grantee violates a Protective Provision, then in any such event Grantee agrees to forfeit to the Company (and if return to the Company if already paid) to the extent permitted by applicable law, the portion (which may be all) of this Award or of the
cash or shares of Stock distributed in respect of vested Performance RSUs or value thereof (regardless of whether vesting has occurred and cash or Stock distributed), that Grantee was awarded and that the Board of Directors, in its discretion,
determines to be appropriate. 
 (4) The Award (including cash or shares of Stock distributed in respect of vested Performance RSUs or value
thereof) shall also be subject to forfeiture to the extent required by applicable law. 
 (j) Avoidance of Golden Parachute
Excise Tax. In the event that it is determined that any acceleration of vesting, payment or other value provided under this Agreement in connection with a change in control would be considered “parachute payments” within the
meaning of Section 280G of the Code (the “Parachute Payments”) that, but for this Section 4(j) would be payable to Grantee hereunder, and would, when combined with any other Parachute Payments under any other agreement or
arrangement, exceed the greatest amount of Parachute Payments that could be paid to Grantee without giving rise to any liability for the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the aggregate
amount of Parachute Payments payable to Grantee hereunder shall be reduced such that it shall not exceed the amount that produces the greatest after-tax benefit to Grantee after taking into account any Excise Tax to be payable by Grantee.

  

	5.	MISCELLANEOUS. 

 (a) No Restriction on Company
Authority. The award of these Performance RSUs to the Grantee shall not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes
in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, 

  
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debentures, preferred or prior preference stock ahead of or affecting the common stock or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer
of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 

(b) Adjustment of Performance RSUs. Except as hereinbefore expressly provided, if the Company shall effect a subdivision
or consolidation of shares of Stock or other capital readjustment, the payment of a stock dividend, or other increase or reduction of the number of shares of Stock outstanding, without receiving compensation therefore in money, services or property,
the number and class of shares of Stock represented by the Performance RSUs granted pursuant to this Agreement and credited to Grantee’s Account shall be appropriately adjusted in such a manner as to represent the same total number of RSUs that
the owner of an equal number of outstanding shares of Stock would own as a result of the event requiring the adjustment. 

(c) No Adjustment Otherwise. Except as set forth above, the issue by the Company of shares of stock of any class, or
securities convertible into shares of stock of any class, for cash or property, or for labor or services, either upon direct sale or upon the exercise of rights or warrants to subscribe therefore, or upon conversion of shares or obligations of the
Company convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number of shares of Stock represented by the Performance RSUs granted pursuant to this Agreement.

 (d) Performance RSUs Nontransferable. Performance RSUs are not transferable by the Grantee by means of sale,
assignment, exchange, pledge, hypothecation, or otherwise. 
 (e) Obligation Unfunded. The obligation of the
Company with respect to Performance RSUs granted hereunder shall be interpreted solely as an unfunded contractual obligation to make payments of cash or Stock in the manner and under the conditions prescribed under this Agreement. Any shares or
other assets set aside with respect to amounts payable under this Agreement shall be subject to the claims of the Company’s general creditors, and no person other than the Company shall, by virtue of the provisions of the Plan or this
Agreement, have any interest in such assets. In no event shall any assets set aside (directly or indirectly) with respect to amounts payable under this Agreement be located or transferred outside the United States. Neither the Grantee nor any other
person shall have any interest in any particular assets of the Company by reason of the right to receive a benefit under this Agreement, and the Grantee or any such other person shall have only the rights of a general unsecured creditor of the
Company with respect to any rights under the Plan or this Agreement. 
 (f) Withholding Taxes. If the Company
settles the RSUs in stock, then the Company shall effect a withholding of shares of Stock to be issued hereunder in such number whose aggregate Fair Market Value at such time equals the total amount of any

  
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federal, state or local taxes or any applicable taxes or other withholding of any jurisdiction required by law to be withheld as a result of the issuance of the Stock in whole or in
part; provided, however, that the value of the Stock withheld by the Company may not exceed the statutory minimum withholding amounts required by law. In lieu of such deduction, the Company may require that the Grantee make a cash payment to the
Company equal to the amount required to be withheld. If the Company settles the RSUs in cash, then the Company shall withhold from such cash payment the total amount of any federal, state or local taxes or any applicable taxes or other withholding
of any jurisdiction required by law to be withheld. 
 (g) Impact on Other Benefits. The value of the
Performance RSUs (either on the Grant Date or at the time, if ever, the Performance RSUs are vested) shall not be includable as compensation or earnings for purposes of any other benefit plan offered by the Company unless specifically so provided
under the terms of such other benefit plan. 
 (h) Compliance With Section 409A. Notwithstanding anything
herein to the contrary, no amount shall be paid earlier than the earliest date permitted under Section 409A of the Code. The terms of this Agreement are intended to comply with the provisions of Section 409A of the Code and if any
provision is subject to more than one interpretation or construction, such ambiguity shall be resolved in favor of the interpretation or construction which is consistent with the Agreement complying with the provisions of Section 409A. F&G
Life makes no representations as to the tax consequences of the award of Performance RSUs to the Grantee or their vesting (including, without limitation, under Section 409A of the Code, if applicable). The Grantee understands and agrees that
the Grantee is solely responsible for any and all income, employment or other taxes imposed on the Grantee with respect to the award. 

(i) Right to Continued Employment. Nothing in the Plan or this Agreement shall be construed as a contract of employment
between the Company (or a Subsidiary or Affiliate) and the Grantee, or as a contractual right of the Grantee to continue in the employ of the Company (or a Subsidiary or Affiliate), or as a limitation of the right of the Company (or a Subsidiary or
Affiliate) to discharge the Grantee at any time. 
 (j) Governing Law. This Agreement shall be construed and
enforced in accordance with and governed by the laws of the State of Delaware (without regard to its choice of law provisions). 

(k) Arbitration. Any dispute between the parties hereto arising under or relating to this Agreement shall be resolved in
accordance with the procedures of the American Arbitration Association. Any resulting hearing shall be held in the Baltimore, Maryland metropolitan area. The resolution of any dispute achieved through such arbitration shall be binding and
enforceable by a court of competent jurisdiction. 
 (l) Successors. This Agreement shall be binding upon and
insure to the benefit of the successors, assigns and heirs of the respective parties. 

  
 13 

 (m) Headings. Headings in this Agreement are for reference purposes only and
shall not affect the meaning or interpretation of this agreement. 
 (n) Notices. All notices and other
communications made or given pursuant to the Agreement shall be in writing and shall be sufficiently made or given if hand delivered or mailed by first class or certified mail, addressed to Grantee at the address contained in the records of the
Company, or addressed to the Committee, care of the Company for the attention of its Secretary at its principal office or, if the receiving party consents in advance, transmitted and received via telecopy or via such other electronic transmission
mechanism as may be available to the parties. 
 (o) Entire Agreement; Modification. The Agreement contains the
entire agreement between the parties with respect to the subject matter contained herein and may not be modified, except as provided in the Plan or in a written document signed by each of the parties hereto. 

(p) Code Section 162(m). This Performance RSU Grant Agreement, to the extent issued to a Covered Employee, as
defined in the Plan, under circumstances not eligible for an exception under Section 1.162-27(f) of the Treasury Regulations, is intended to qualify as “performance-based compensation” within the meaning of Section 162(m) of the
Code. As such, this Agreement shall be subject to the restrictions set forth in Section 10(b) of the Plan. 
 (q)
Conformity with Plan. This Agreement is intended to conform in all respects with, and is subject to all applicable provisions of, the Plan, which is incorporated herein by reference. Unless stated otherwise herein, capitalized terms in
this Agreement shall have the same meaning as defined in the Plan. Inconsistencies between this Agreement and the Plan shall be resolved in accordance with the terms of the Plan. In the event of any ambiguity in the Agreement or any matters as to
which the Agreement is silent, the Plan shall govern including, without limitation, the provisions thereof pursuant to which the Committee has the power, among others, to (i) interpret the Plan and Agreements related thereto,
(ii) prescribe, amend and rescind rules and regulations relating to the Plan, and (iii) make all other determinations deemed necessary or advisable for the administration of the Plan. The Grantee acknowledges by signing this Agreement that
he or she has reviewed a copy of the Plan. 
 (r) Counterparts. This Agreement may be executed simultaneously in
one or more counterparts, each of which shall be deemed to be an original, and all of which together shall constitute one and the same instrument. 

(s) Setoff. Notwithstanding any contrary provision of this Agreement, the Company shall have the right to setoff and
deduct from any payment (of Stock or cash) otherwise due to the Grantee hereunder any amount that the Grantee owes the Company; provided, however, that such setoff shall occur only at the time that payment would otherwise be due to the Grantee
hereunder (and not at an earlier time). 

  
 14 

 IN WITNESS WHEREOF, the Company has caused this Performance RSU Grant Agreement to be
executed by its duly authorized officer, and the Grantee has hereunto set his or her hand and seal, on the date(s) written below. 
  

			
	FIDELITY & GUARANTY LIFE
		
	By:	 	  

 
			
		
	Name and Title:	 	  

 
			
		
	Date:	 	  

		
	By:	 	  

		 	[Name of Grantee]
		
	Date:	 	  

 PERFORMANCE RS U OVERVIEW 

 

			
	Number RSUs Being Granted	 	
	(At Target Achievement Level):	 	X,XXX
	Grant Date:	 	MM/DD/YYYY
	FMV at Grant Date:	 	$XX.XX

  
 15 

 APPENDIX A 

PERFORMANCE METRIC AMOUNTS 
 The
following table sets forth the Minimum Achievement Level, Target Achievement Level, Threshold Achievement Level, and Maximum Achievement Level for each Performance Metric for each Fiscal Year. 

 

																	
	 Adjusted Operating Income (Wt.
50%)
	 
	 	  	Award %	 	 	2014	 	  	2015	 	  	2016	 
	 	  	 	 	 	($millions)	 
	 Minimum
	  	 	50	% 	 	 	150	  	  	 	170	  	  	 	195	  
	 Target
	  	 	100	% 	 	 	175	  	  	 	200	  	  	 	230	  
	 Stretch
	  	 	175	% 	 	 	225	  	  	 	260	  	  	 	300	  
	 Maximum
	  	 	200	% 	 	 	260	  	  	 	300	  	  	 	350	  

																	
	 Return On Equity (Wt. 50%)
	 
	 	  	Award %	 	 	2014	 	 	2015	 	 	2016	 
	 	  	 	 	 	 	 	 	 	 	 	 	 
	 Minimum
	  	 	50	% 	 	 	8.2	% 	 	 	8.8	% 	 	 	9.4	% 
	 Target
	  	 	100	% 	 	 	9.6	% 	 	 	10.4	% 	 	 	11.0	% 
	 Stretch
	  	 	175	% 	 	 	12.5	% 	 	 	13.5	% 	 	 	14.3	% 
	 Maximum
	  	 	200	% 	 	 	14.4	% 	 	 	15.6	% 	 	 	16.5	% 

 
 

  
 PERFORMANCE SHARE
EXAMPLE 
  

	 	•	 	Situation 

 Participant A received a grant of 50,000 Performance RSUs. 

As of September 30, 2016, the following Performance Metrics have been attained for Fiscal Years 2014, 2015 and 2016: 

2014 – Adjusted Operating Income – $175,000,000 

            Return on Equity – 8.9% 

2015 – Adjusted Operating Income – $185,000,000 

            Return on Equity – 10.4% 

2016 – Adjusted Operating Income – $300,000,000 

            Return on Equity – 15.4% 

 

	 	•	 	Result 

 As of September 30, 2016, Participant A’s Performance RSU balance is adjusted
to 59,374. This number is determined as the sum of the following (rounding is used to simplify presentation): 
 1. 2014 –
Adjusted Operating Income – is exactly at the target achievement level, resulting in an “Applicable Percentage” of 100%. Apply the formula in Section 3(a): 50,000 x 50% x 33-13% x 100% = 8,333 

  
 16 

 2. 2014 – Return on Equity – is at the midpoint of the minimum achievement level and
the target achievement level, resulting in an “Applicable Percentage” of 75% (which is at the midpoint of the award level for minimum achievement, i.e., 50% and target achievement, i.e., 100%). Apply the formula in Section 3(a):
50,000 x 50% x 33-13% x 75% = 6,250 
 3. 2015 – Adjusted Operating Income – is at the midpoint of the minimum achievement
level and the target achievement level, resulting in an “Applicable Percentage” of 75% (which is at the midpoint of the award level for minimum achievement, i.e., 50% and target achievement, i.e., 100%). Apply the formula in
Section 3(a): 50,000 x 50% x 33-13% x 75% = 6,250 
 4. 2015 – Return on Equity – is exactly at the target achievement
level, resulting in an “Applicable Percentage” of 100%. Apply the formula in Section 3(a): 50,000 x 50% x 33-13% x 100% = 8,333 

5. 2016 Adjusted Operating Income – is exactly at stretch achievement level, resulting in an “Applicable Percentage” of 175%.
Apply the formula in Section 3(a): 50,000 x 50% x 33-13% x 175% = 14,583 
 6. 2016 – Return on Equity – is at the
midpoint of the stretch achievement level and the maximum achievement level, resulting in an “Applicable Percentage” of 187.5% (which is at the midpoint of the award levels for the stretch and maximum achievement levels). Apply the formula
in Section 3(a): 50,000 x 50% x 33-13% x 187.5% = 15,625 

  
 17 

 APPENDIX B 

NON-COMPETITION AND OTHER PROTECTIVE PROVISIONS 

Definitions. For purposes of this Appendix B, the following terms shall have the meanings set forth below: 

“Client” or “Client List” means all Past, Present and Potential Clients as defined below; 

“Company” means Fidelity & Guaranty Life and its direct and indirect subsidiaries, its direct parent and its direct
parent’s direct and indirect subsidiaries; 
 “Confidential Information” means all secret, confidential or otherwise
non-public information, knowledge or data relating to the Group, and their respective businesses or financial affairs, whether or not in writing, including but not limited to information related to: their suppliers and their businesses; prices
charged to and terms of business with their customers; their marketing plans and sales forecasts; their financial information, results and forecasts; their proposals or plans for the acquisition or disposal of a company or business or any part
thereof; their proposals or plans for any expansion or reduction of activities; their employees, including the employees’ performance, compensation and benefits; their research activities, inventions, trade secrets, designs, formulas and
product lines; any information provided to the Group in confidence by its affiliates, customers, suppliers or other parties; and the identity and other information concerning and related to Clients; 

“Group” means the Company and the Group Companies, collectively and singularly; 

“Group Company” means any company that is an indirect parent or holding company (up to and including the ultimate parent or holding
company) of the Company and any direct or indirect subsidiary of any such indirect parent or holding company other than the Company; 

“Past Client” means any person or entity who had been an advisee, investment advisory or insurance customer, distributor or client
of the Group; 
 “Potential Client” means any person or entity to whom the Company has offered (by means of a personal meeting,
telephone call, or a letter or written proposal specifically directed to the particular person or entity) to serve as investment adviser or to provide or distribute insurance products but which is not at such time an advisee, investment advisory or
insurance customer, distributor or client of the Group or any person or entity for which a plan exists to make such an offer; persons or entities solicited or to be solicited solely by non-personalized form letters and blanket mailings are excluded
from this definition; 

  
 18 

 “Present Client” means any person or entity who is an advisee, investment advisory or
insurance customer, distributor or client of the Group. 
 1. All Business to Be the Property of the Group; Assignment of Intellectual Property. 

(A) Grantee agrees that any and all presently existing investment advisory and insurance business of the Group and all business developed by
Grantee or any other employee of the Group, including without limitation all investment advisory and insurance contracts, distribution agreements, fees, commissions, compensation records, performance records, Client Lists, agreements and any other
incident of any business developed or sought by the Group or earned or carried on by Grantee during his/her employment with the Group are and shall be the exclusive property of the Group for its sole use, and (where applicable) shall be payable
directly to the Group. Grantee grants to the Group the Grantee’s entire right, title and interest throughout the world, if any, in and to all research, information, Client Lists, product lists, distributor lists, identities, investment profiles
and particular needs and characteristics of Clients, performance records, and all other investment advisory, insurance, technical and research data made, conceived, developed and/or acquired by Grantee solely, jointly or in common with others during
the period of Grantee’s employment by the Group, that relate to the Group’s business as it was or is now rendered or as it may, from time to time, hereafter be rendered or proposed to be rendered while Grantee is employed by the Group.

 (B) Any inventions and any copyrightable material developed by Grantee in the scope of his/her employment with the Group shall be
promptly disclosed to the Group and will be “works for hire” owned by the Group. Grantee will, at the Group’s expense, do whatever is necessary to transfer to the Group, and document its ownership of, any such property. 

2. Confidentiality. Grantee shall not, either during the period of Grantee’s employment with the Group or thereafter, use for Grantee’s own
benefit or disclose to or use for the benefit of any person outside the Group, any information not already lawfully available to the public concerning Confidential Information, whether Grantee has such information in Grantee’s memory or
embodied in writing or other tangible or electronic form. All Confidential Information, and all originals and copies of any Confidential Information, and any other written material relating to the business of the Group, including information stored
electronically, shall be the sole property of the Group. Grantee acknowledges and agrees that the Confidential Information has been and will be developed by the effort and expense of the Group; that such Confidential Information has economic value
to the Group and would have significant economic value to the Group’s competitors if divulged; that the Confidential Information is not available to the Group’s 

  
 19 

 
competitors; and that keeping the Confidential Information from the Group’s competitors has economic value to the Group. Upon the termination of Grantee’s employment in any manner or
for any reason, Grantee shall promptly surrender to the Group all originals and copies of any Confidential Information, and Grantee shall not thereafter retain or use any Confidential Information for any purpose. 

3. Client Information. Grantee acknowledges that while employed by the Group, Grantee will have contact with and become aware of the Group’s
Clients and distributors and the representatives of those Clients and distributors, names and addresses, specific client and distributor needs and requirements, and leads and references to Potential Clients (together with the Client List,
collectively, the “Client Information”). Grantee agrees that the Client Information constitutes a trade secret and otherwise is a valuable asset of the Group. Grantee further agrees that the Client Information has been and will be
developed by the Group and would have significant economic value to the Group’s competitors if divulged; that the Client Information is not available to the Group’s competitors; that keeping the Client Information confidential from the
Group’s competitors has economic value to the Group; and that the Group takes reasonable steps to protect the confidentiality of the Client Information. 

4. Restrictive Covenants. 
 (A) For
eighteen (18) months following the Termination Date, irrespective of the reason for the termination, Grantee shall not, directly or indirectly, solicit or attempt to solicit, or assist others in soliciting or attempting to solicit any Client of
the Group for the purpose of providing investment advisory or insurance services or products or distribution services. Grantee agrees that the restriction contained in this Section is necessary to protect the Group’s business and property in
which the Group has made a considerable investment, and to prevent misuse of the Confidential and Client Information. For purposes of this Paragraph 4(A), Client means: 

“Past Client” means any person or entity who had been an advisee, investment advisory or insurance customer, distributor or client
of the Group during the one (1) year period immediately preceding the termination of Grantee’s employment with the Group and with which Grantee dealt while at the Group or which became known to Grantee during the course of his/her
employment at the Company. 
 “Potential Client” means any person or entity to whom the Group has offered (by means of a personal
meeting, telephone call, or a letter or written proposal specifically directed to the particular person or entity) within the one (1) year immediately preceding the termination of Grantee’s employment to serve as investment adviser or to
provide or distribute insurance products but which is not at such time an advisee, investment advisory or insurance customer, distributor or client of the Group and with which Grantee dealt while at the Group or which became known to Grantee during
the course of his/her employment at the Group; this definition includes persons or entities for which a plan exists to make such an offer, but excludes persons or entities solicited or to be solicited solely by non-personalized form letters and
blanket mailings. 

  
 20 

 “Present Client” means any person or entity who at the time of Grantee’s
termination of employment is an advisee, investment advisory or insurance customer, distributor or client of the Group and with which Grantee dealt while at the Group or which became known to Grantee during the course of his/her employment at the
Group. 
 (B) For eighteen (18) months following the termination of Grantee’s employment with the Group, irrespective of the
reason for the termination, Grantee shall not directly or indirectly solicit, recruit, induce away, or attempt to solicit, recruit, or induce away, or hire any employee, director, officer or agent of, contractor or consultant of the Group with whom
Grantee had contact during Grantee’s employment with the Group. For purposes of this paragraph, “contact” means any personal interaction whatsoever between the individual and Grantee. 

(C) For six (6) months following the termination of the Grantee’s employment with the Group, irrespective of the reason for the
termination, the Grantee shall not without the written consent of the Group, directly or indirectly carry on or participate in a Competing Business (as defined below). A “Competing Business” shall mean a life insurance or annuity business,
or a business in the life insurance or annuity industry, in the United States of America. The term “carry on or participate in a Competing Business” shall include engaging in any of the following activities, directly or indirectly:
(i) Carrying on or engaging in a Competing Business as a principal, or on the Grantee’s own account, or solely or jointly with others as a director, officer, agent, employee, consultant or partner, or stockholder, limited partner or other
interest holder owning more than five (5) percent of the stock or equity interests or securities convertible into more than five (5) percent of the stock or equity interests in any entity that is carrying on or engaging in a Competing
Business; (ii) as agent or principal, carrying on or engaging in any activities or negotiations with respect to the acquisition or disposition of a Competing Business; (iii) extending credit for the purpose of establishing or operating a
Competing Business; (iv) lending or allowing the Grantee’s name or reputation to be used in a Competing Business; (v) otherwise allowing the Grantee’s skill, knowledge or experience to be used in a Competing Business. 

(D) Grantee and the Group agree that the periods of time and the unlimited geographic area applicable to the covenants of this Appendix B
are reasonable and necessary to protect the legitimate business interests and goodwill of the Group in view of (1) Grantee’s senior Grantee position within the Group, (2) the geographic scope and nature of the business in which the
Group is engaged, (3) Grantee’s knowledge of the Group’s business and (4) Grantee’s relationships with the Clients. 
 5. The
provisions of this Appendix B shall continue to apply with full force and effect should Grantee transfer between or among the Group, wherever situated, or 

  
 21 

 
otherwise become employed by any other member of the Group, or be promoted or reassigned to any position. In the event that Grantee becomes employed by a member of the Group other than the
Company, this Agreement shall be read to substitute the other company’s name wherever the Company is referenced and the Company’s rights under this Agreement shall be assigned to Grantee’s new employer and Grantee consents to such
assignment. 
 6. The Group shall have the right to communicate Grantee’s ongoing obligations under this Agreement to any entity or individual with
whom Grantee becomes employed by or otherwise engaged following termination of employment with the Group and Grantee consents to the Group making that communication. 

7. To the extent any of the covenants of this Appendix B shall be deemed illegal or unenforceable by a court or other tribunal of competent jurisdiction with
respect to (A) geographic area, (B) time period, (C) any activity or capacity covered by such covenant or contractual provision, or (D) any other term or provision of such covenant or contractual provision, the covenant or
contractual provision shall be construed to the maximum breadth determined to be legal and enforceable and the illegality or unenforceability of any one covenant or contractual provision shall not affect the legality and enforceability of the other
covenants or contractual provisions. 

  
 22EX-10.7

 Exhibit 10.7 

EXECUTION VERSION 
  

 
  

PARENT GUARANTY 
 dated as of

 April 29, 2013 
 between 

PINNACLE FOODS INC., 
 and 

BARCLAYS BANK PLC, 
 as
Administrative Agent 
  
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	 	Page	 
	ARTICLE I	  
	
	Definitions	  
			
	 SECTION 1.01.
	 	 Credit Agreement.
	 	 	1	  
	 SECTION 1.02.
	 	 Other Defined Terms
	 	 	1	  
	
	ARTICLE II	  
	
	Guaranty	  
			
	 SECTION 2.01.
	 	 Guaranty
	 	 	1	  
	 SECTION 2.02.
	 	 Guaranty of Payment
	 	 	2	  
	 SECTION 2.03.
	 	 No Limitations
	 	 	2	  
	 SECTION 2.04.
	 	 Reinstatement
	 	 	2	  
	 SECTION 2.05.
	 	 Agreement To Pay; Subrogation
	 	 	3	  
	 SECTION 2.06.
	 	 Information
	 	 	3	  
	
	ARTICLE III	  
	
	Indemnity, Subrogation and Subordination	  
			
	 SECTION 3.01.
	 	 Indemnity and Subrogation
	 	 	3	  
	 SECTION 3.02.
	 	 Contribution and Subrogation
	 	 	3	  
	 SECTION 3.03.
	 	 Subordination
	 	 	3	  
	
	ARTICLE IV	  
	
	Miscellaneous	  
			
	 SECTION 4.01.
	 	 Notices
	 	 	4	  
	 SECTION 4.02.
	 	 Waivers; Amendment
	 	 	4	  
	 SECTION 4.03.
	 	 Administrative Agent’s Fees and Expenses; Indemnification
	 	 	4	  
	 SECTION 4.04.
	 	 Successors and Assigns
	 	 	5	  
	 SECTION 4.05.
	 	 Survival of Agreement
	 	 	5	  
	 SECTION 4.06.
	 	 Counterparts; Effectiveness; Several Agreement
	 	 	5	  
	 SECTION 4.07.
	 	 Severability
	 	 	5	  
	 SECTION 4.08.
	 	 Right of Set-Off
	 	 	5	  
	 SECTION 4.09.
	 	 Governing Law; Jurisdiction; Consent to Service of Process
	 	 	6	  
	 SECTION 4.10.
	 	 WAIVER OF JURY TRIAL
	 	 	6	  
	 SECTION 4.11.
	 	 Headings
	 	 	6	  
	 SECTION 4.12.
	 	 Security Interest Absolute
	 	 	6	  
	 SECTION 4.13.
	 	 Termination or Release
	 	 	7	  
	 SECTION 4.14.
	 	 Additional Restricted Subsidiaries
	 	 	7	  

  

					
	 Exhibits
	 		  	
		
	 Exhibit I
	 	 Form of Parent Guaranty Supplement

  
 i 

 PARENT GUARANTY dated as of April 29, 2013, among PINNACLE FOODS INC.
(“Parent”), certain Subsidiaries of Parent from time to time party hereto and BARCLAYS BANK PLC, as Administrative Agent. 

Reference is made to the Second Amended and Restated Credit Agreement, dated as of April 29, 2013 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Pinnacle Foods Finance LLC (the “Borrower”), Peak Finance Holdings LLC, Barclays Bank PLC, as Administrative Agent,
Collateral Agent and Syndication Agent, Bank of America, N.A., Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc., UBS Securities LLC and Macquarie Capital (USA) Inc., as Co-Documentation Agents, and each
lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”). The Lenders have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the Credit
Agreement. The obligations of the Lenders to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement. The Guarantors (as defined below) are affiliates of the Borrower, will derive substantial
benefits from the extension of credit to the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders to extend such credit. Accordingly, the parties hereto agree as follows: 

ARTICLE I 
 Definitions

 SECTION 1.01. Credit Agreement. (a) Capitalized terms used in this Agreement and not otherwise defined herein have the
meanings specified in the Credit Agreement. 
 (b) The rules of construction specified in Article I of the Credit Agreement also apply to
this Agreement. 
 SECTION 1.02. Other Defined Terms. As used in this Agreement, the following terms have the meanings specified
below: 
 “Administrative Agent” means Barclays Bank PLC, in its capacity as administrative agent under any of the Loan
Documents, or any successor administrative agent. 
 “Agreement” means this Parent Guaranty. 

“Claiming Party” has the meaning assigned to such term in Section 3.02. 

“Contributing Party” has the meaning assigned to such term in Section 3.02. 

“Credit Agreement” has the meaning assigned to such term in the preliminary statement of this Agreement. 

“Guarantor” means Parent and each party that becomes a party to this Agreement after the Amendment Effective Date. 

“Guaranty Parties” means, collectively, the Borrower and each Guarantor. 

“Parent” has the meaning assigned to such term in the preliminary statement of this Agreement. 

“Parent Guaranty Supplement” means an instrument in the form of Exhibit I hereto. 

ARTICLE II 
 Guaranty 

SECTION 2.01. Guaranty. Each Guarantor unconditionally guarantees, jointly with the other Guarantors and severally, as a primary
obligor and not merely as a surety, the due and punctual payment and performance of 

 
the Obligations. Each of the Guarantors further agrees that the Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain
bound upon its guarantee notwithstanding any extension or renewal of any Obligation. Each of the Guarantors waives presentment to, demand of payment from and protest to the Borrower or any other Guaranty Party of any of the Obligations, and also
waives notice of acceptance of its guarantee and notice of protest for nonpayment. 
 SECTION 2.02. Guaranty of Payment. Each of the
Guarantors further agrees that its guarantee hereunder constitutes a guarantee of payment when due and not of collection, and waives any right to require that any resort be had by the Administrative Agent or any other Secured Party to any security
held for the payment of the Obligations, or to any balance of any deposit account or credit on the books of the Administrative Agent or any other Secured Party in favor of the Borrower or any other Person. 

SECTION 2.03. No Limitations. (a) Except for termination of a Guarantor’s obligations hereunder as expressly provided in
Section 4.13, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be
subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Obligations, or otherwise. Without limiting the generality of the foregoing, the obligations of
each Guarantor hereunder shall not be discharged or impaired or otherwise affected by (i) the failure of the Administrative Agent or any other Secured Party to assert any claim or demand or to enforce any right or remedy under the provisions of
any Loan Document or otherwise; (ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this
Agreement; (iii) the release of any security held by the Collateral Agent or any other Secured Party for the Obligations; (iv) any default, failure or delay, willful or otherwise, in the performance of the Obligations; or (v) any
other act or omission that may or might in any manner or to any extent vary the risk of any Guarantor or otherwise operate as a discharge of any Guarantor as a matter of law or equity (other than the indefeasible payment in full in cash of all the
Obligations). Each Guarantor expressly authorizes the Secured Parties to take and hold security for the payment and performance of the Obligations, to exchange, waive or release any or all such security (with or without consideration), to enforce or
apply such security and direct the order and manner of any sale thereof in their sole discretion or to release or substitute any one or more other guarantors or obligors upon or in respect of the Obligations, all without affecting the obligations of
any Guarantor hereunder. 
 (b) To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out
of any defense of the Borrower or any other Guaranty Party or the unenforceability of the Obligations, or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower or any other Guaranty Party, other than the
indefeasible payment in full in cash of all the Obligations. The Administrative Agent and the other Secured Parties may in accordance with the terms of the Collateral Documents, at their election, foreclose on any security held by one or more of
them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, make any other accommodation with the Borrower or any other Guaranty Party or
exercise any other right or remedy available to them against the Borrower or any other Guaranty Party, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Obligations have been fully and
indefeasibly paid in full in cash. To the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any
right of reimbursement or subrogation or other right or remedy of such Guarantor against the Borrower or any other Guaranty Party, as the case may be, or any security. 

SECTION 2.04. Reinstatement. Each of the Guarantors agrees that its guarantee hereunder shall continue to be effective or be
reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation, is rescinded or must otherwise be restored by the Administrative Agent or any other Secured Party upon the bankruptcy or reorganization of the Borrower,
any other Guaranty Party or otherwise. 

  
 2 

 SECTION 2.05. Agreement To Pay; Subrogation. In furtherance of the foregoing and not in
limitation of any other right that the Administrative Agent or any other Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Borrower or any other Guaranty Party to pay any Obligation when and as the
same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Administrative Agent for distribution to the Secured Parties
in cash the amount of such unpaid Obligation. Upon payment by any Guarantor of any sums to the Administrative Agent as provided above, all rights of such Guarantor against the Borrower or any other Guaranty Party arising as a result thereof by way
of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article III. 

SECTION 2.06. Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s and
each other Guaranty Party’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Obligations, and the nature, scope and extent of the risks that such Guarantor assumes and incurs hereunder,
and agrees that none of the Administrative Agent or the other Secured Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

ARTICLE III 
 Indemnity,
Subrogation and Subordination 
 SECTION 3.01. Indemnity and Subrogation. In addition to all such rights of indemnity and
subrogation as the Guarantors may have under applicable law (but subject to Section 3.03), the Borrower agrees that in the event a payment of an obligation shall be made by any Guarantor under this Agreement, the Borrower shall indemnify such
Guarantor for the full amount of such payment and such Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment. 

SECTION 3.02. Contribution and Subrogation. Each Guarantor (a “Contributing Party”) agrees (subject to
Section 3.03) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation and such other Guarantor (the “Claiming Party”) shall not have been fully indemnified by the Borrower as
provided in Section 3.01, the Contributing Party shall indemnify the Claiming Party in an amount equal to the amount of such payment, in each case multiplied by a fraction of which the numerator shall be the net worth of the Contributing Party
on the date hereof and the denominator shall be the aggregate net worth of all the Contributing Parties together with the net worth of the Claiming Party on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to
Section 4.14, the date of the Guaranty Supplement hereto executed and delivered by such Guarantor). Any Contributing Party making any payment to a Claiming Party pursuant to this Section 3.02 shall be subrogated to the rights of such
Claiming Party to the extent of such payment. 
 SECTION 3.03. Subordination. (a) Notwithstanding any provision of this
Agreement to the contrary, all rights of the Guarantors under Sections 3.01 and 3.02 and all other rights of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the indefeasible payment in
full in cash of the Obligations and no Guarantor shall exercise or enforce any right or indemnification or subrogation until such payment in full of the Obligation. No failure on the part of the Borrower or any Guarantor to make the payments
required by Sections 3.01 and 3.02 (or any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any Guarantor with respect to its obligations hereunder, and each Guarantor
shall remain liable for the full amount of the obligations of such Guarantor hereunder. Each Guarantor hereby waives any defense relating to any action by the Administrative Agent that has the effect of impairing the Guarantor’s right of
subrogation or indemnification. 
 (b) Each Guarantor hereby agrees that upon the occurrence and during the continuance of an Event of
Default and after notice from the Collateral Agent all Indebtedness owed by it to any Subsidiary shall be fully subordinated to the indefeasible payment in full in cash of the Obligations. 

  
 3 

 ARTICLE IV 

Miscellaneous 
 SECTION
4.01. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 10.02 of the Credit Agreement. All communications and notices hereunder to any
Guarantor shall be given to it in care of the Borrower as provided in Section 10.02 of the Credit Agreement. 
 SECTION 4.02.
Waivers; Amendment. (a) No failure or delay by the Administrative Agent, any L/C Issuer or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or
partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the
Administrative Agent, the L/C Issuers and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent
to any departure by any Guaranty Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 4.02, and then such waiver or consent shall be effective only in the specific instance and
for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender
or any L/C Issuer may have had notice or knowledge of such Default at the time. No notice or demand on any Guaranty Party in any case shall entitle any Guaranty Party to any other or further notice or demand in similar or other circumstances. 

(b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in
writing entered into by the Administrative Agent and the Guaranty Party or Guaranty Parties with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 10.01 of the Credit
Agreement. 
 SECTION 4.03. Administrative Agent’s Fees and Expenses; Indemnification. (a) The parties hereto agree that
the Administrative Agent shall be entitled to reimbursement of its expenses incurred hereunder as provided in Section 10.04 of the Credit Agreement. 

(b) Without limitation of its indemnification obligations under the other Loan Documents, the Borrower agrees to indemnify the Administrative
Agent and the other Indemnitees (as defined in Section 10.05 of the Credit Agreement) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the reasonable fees, charges
and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of, the execution, delivery or performance of this Agreement or any claim, litigation,
investigation or proceeding relating to any of the foregoing agreements or instruments contemplated hereby, whether or not any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the
extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or wilful misconduct of such Indemnitee or
of any Affiliate, director, officer, employee, counsel, agent or attorney-in-fact of such Indemnitee. 
 (c) Any such amounts payable as
provided hereunder shall be additional Obligations secured hereby and by the other Collateral Documents. The provisions of this Section 4.03 shall remain operative and in full force and effect regardless of the termination of this Agreement or
any other Loan Document, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any
investigation made by or on behalf of the Administrative Agent or any other Secured Party. All amounts due under this Section 4.03 shall be payable within 10 days of written demand therefor. 

  
 4 

 SECTION 4.04. Successors and Assigns. Whenever in this Agreement any of the parties hereto
is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Guarantor or the Administrative Agent that are contained in this
Agreement shall bind and inure to the benefit of their respective successors and assigns. 
 SECTION 4.05. Survival of Agreement. All
covenants, agreements, representations and warranties made by the Guaranty Parties in the Loan Documents and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement or any other Loan Document
shall be considered to have been relied upon by the Lenders and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any Lender or
on its behalf and notwithstanding that the Administrative Agent, any L/C Issuer or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended under the Credit Agreement, and
shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under any Loan Document is outstanding and unpaid or any Letter of Credit is outstanding and so long as
the Commitments have not expired or terminated. 
 SECTION 4.06. Counterparts; Effectiveness; Several Agreement. This Agreement may
be executed in counterparts, each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile transmission or other electronic
communication shall be as effective as delivery of a manually signed counterpart of this Agreement. This Agreement shall become effective as to any Guaranty Party when a counterpart hereof executed on behalf of such Guaranty Party shall have been
delivered to the Administrative Agent and a counterpart hereof shall have been executed on behalf of the Administrative Agent, and thereafter shall be binding upon such Guaranty Party and the Administrative Agent and their respective permitted
successors and assigns, and shall inure to the benefit of such Guaranty Party, the Administrative Agent and the other Secured Parties and their respective successors and assigns, except that no Guaranty Party shall have the right to assign or
transfer its rights or obligations hereunder or any interest herein (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement or the Credit Agreement. This Agreement shall be construed as a separate
agreement with respect to each Guaranty Party and may be amended, modified, supplemented, waived or released with respect to any Guaranty Party without the approval of any other Guaranty Party and without affecting the obligations of any other
Guaranty Party hereunder. 
 SECTION 4.07. Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of
a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 4.08. Right of Set-Off. In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence and during
the continuance of any Event of Default, each Lender and its Affiliates is authorized at any time and from time to time, without prior notice to the Borrower or any other Guaranty Party, any such notice being waived by the Borrower and each Guaranty
Party to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held by, and other Indebtedness at any time owing by, such Lender and its
Affiliates to or for the credit or the account of the respective Guaranty Parties against any and all obligations owing to such Lender and its Affiliates hereunder, now or hereafter existing, irrespective of whether or not such Lender or Affiliate
shall have made demand under this Agreement and although such obligations may be contingent or unmatured or denominated in a currency different from that of the applicable deposit or Indebtedness. Each Lender agrees promptly to notify the Borrower
and the Administrative Agent after any such set off and application made by such Lender; provided, that the failure to give such notice shall not affect the validity of such setoff and 

  
 5 

 
application. The rights of each Lender under this Section 4.08 are in addition to other rights and remedies (including other rights of setoff) that the Administrative Agent and such Lender
may have. 
 SECTION 4.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This Agreement shall be governed by
and construed in accordance with the law of the State of New York. 
 (b) Each of the Guaranty Parties hereby irrevocably and
unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York City and of the United States District Court for the Southern District of New York, and any
appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and
unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final
judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that
the Administrative Agent, any L/C Issuer or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Guarantor, or its properties in the courts of any jurisdiction. 

(c) Each of the Guaranty Parties hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so,
any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (b) of this
Section 4.09. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 4.01. Nothing
in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 4.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 4.10. 

SECTION 4.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are
not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 4.12. Security Interest Absolute. All rights of the Administrative Agent hereunder and all obligations of each Guarantor
hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument
relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement,
any other Loan Document, any other agreement or instrument, (c) any release or amendment or waiver of or consent under or departure from 

  
 6 

 
any guarantee guaranteeing all or any of the Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Guarantor in respect of
the Obligations or this Agreement. 
 SECTION 4.13. Termination or Release. (a) This Agreement and the Guaranties made herein
shall terminate with respect to all Obligations when all the outstanding Obligations have been indefeasibly paid in full and the Lenders have no further commitment to lend under the Credit Agreement, the L/C Obligations have been reduced to zero and
the L/C Issuers have no further obligations to issue Letters of Credit under the Credit Agreement. 
 (b) A Guarantor shall automatically be
released from its obligations hereunder upon the consummation of any transaction permitted by the Credit Agreement as a result of which such Guarantor ceases to be a Subsidiary of Parent; provided that the Required Lenders shall have consented to
such transaction (to the extent required by the Credit Agreement) and the terms of such consent did not provide otherwise. 
 (c) In
connection with any termination or release pursuant to paragraph (a), the Administrative Agent shall execute and deliver to any Guarantor, at such Guarantor’s expense, all documents that such Guarantor shall reasonably request to evidence
such termination or release. Any execution and delivery of documents pursuant to this Section 4.13 shall be without recourse to or warranty by the Administrative Agent. 

SECTION 4.14. Additional Guarantors. Pursuant to Section 6.11 of the Credit Agreement, any Intermediate Parent Company that was
not in existence on the date of the Credit Agreement is required to enter into this Agreement as a Guarantor upon becoming an Intermediate Parent Company. Upon execution and delivery by the Administrative Agent and an Intermediate Parent Company, of
a Guaranty Supplement, such Intermediate Parent Company shall become a Guarantor hereunder with the same force and effect as if originally named as a Guarantor herein. The execution and delivery of any such instrument shall not require the consent
of any other Guaranty Party hereunder. The rights and obligations of each Guaranty Party hereunder shall remain in full force and effect notwithstanding the addition of any new Guaranty Party as a party to this Agreement. 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

					
	 PINNACLE FOODS INC.

			
		 	By	 	   /s/ Kelley Maggs

		 		 	  Name: Kelley Maggs
		 		 	  Title:   Executive Vice President

 [Parent Guaranty] 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

					
	 BARCLAYS BANK PLC,

      as Administrative Agent,

			
		 	By	 	   /s/ Diane Rolfe

		 		 	  Name: Diane Rolfe
		 		 	  Title:   Director

 [Parent Guaranty] 

 
			
	PINNACLE FOODS FINANCE LLC
		
	      By:	 	   /s/ Kelley Maggs

		 	  Name: Kelley Maggs
		 	  Title:   Executive Vice President

 [Parent Guaranty] 

 Exhibit I to the 

Parent Guaranty Agreement 

SUPPLEMENT NO.             dated as of
[—], to the Parent Guaranty, dated as of April 29, 2013, among PINNACLE FOODS INC. (“Parent”), certain Subsidiaries of Parent from time to time party hereto and BARCLAYS BANK
PLC, as Administrative Agent. 
 A. Reference is made to the Second Amended and Restated Credit Agreement dated as of April 29, 2013
(as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Pinnacle Foods Finance LLC (the “Borrower”), Peak Finance Holdings LLC, Barclays Bank
PLC, as Administrative Agent, Collateral Agent and Syndication Agent, Bank of America, N.A., Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc., UBS Securities LLC and Macquarie Capital (USA) Inc., as
Co-Documentation Agents, and each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”). 

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement and
the Parent Guaranty referred to therein. 
 C. The Guarantors have entered into the Parent Guaranty in order to induce the Lenders to make
Loans and the L/C Issuers to issue Letters of Credit. Section 4.14 of the Parent Guaranty provides that Intermediate Parent Companies may become Guarantors under the Parent Guaranty by execution and delivery of an instrument in the form of this
Supplement. The undersigned Intermediate Parent Company (the “New Guarantor”) is executing this Supplement in accordance with the requirements of the Credit Agreement to become a Guarantor under the Parent Guaranty in order to
induce the Lenders to make additional Loans and the L/C Issuers to issue additional Letters of Credit and as consideration for Loans previously made and Letters of Credit previously issued. 

Accordingly, the Administrative Agent and the New Guarantor agree as follows: 

SECTION 1. In accordance with Section 4.14 of the Parent Guaranty, the New Guarantor by its signature below becomes a Guarantor under the
Parent Guaranty with the same force and effect as if originally named therein as a Guarantor and the New Guarantor hereby (a) agrees to all the terms and provisions of the Parent Guaranty applicable to it as a Guarantor thereunder and
(b) represents and warrants that the representations and warranties made by it as a Guarantor thereunder are true and correct on and as of the date hereof. Each reference to a “Guarantor” in the Security Agreement shall be deemed to
include the New Guarantor. The Parent Guaranty is hereby incorporated herein by reference. 
 SECTION 2. The New Guarantor represents and
warrants to the Administrative Agent and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its
terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity. 
 SECTION 3. This Supplement
may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective
when the Administrative Agent shall have received a counterpart of this Supplement that bears the signature of the New Guarantor and the Administrative Agent has executed a counterpart hereof. Delivery of an executed signature page to this
Supplement by facsimile transmission or other electronic communication shall be as effective as delivery of a manually signed counterpart of this Supplement. 

SECTION 4. Except as expressly supplemented hereby, the Parent Guaranty shall remain in full force and effect. 

SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

SECTION 6. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions 

 
contained herein and in the Parent Guaranty shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction
shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic
effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 7. All communications and
notices hereunder shall be in writing and given as provided in Section 4.01 of the Parent Guaranty. 
 SECTION 8. The New Guarantor
agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Administrative Agent. 

  
 2 

 IN WITNESS WHEREOF, the New Guarantor and the Administrative Agent have duly executed this
Supplement to the Parent Guaranty as of the day and year first above written. 
  

			
	[NAME OF NEW GUARANTOR],
		
	      By	 	  

		 	  Name:
		 	  Title:

  
 3 

 IN WITNESS WHEREOF, the New Guarantor and the Administrative Agent have duly executed this
Supplement to the Parent Guaranty as of the day and year first above written. 
  

			
	 BARCLAYS BANK PLC,
as Administrative Agent,

		
	      By	 	  

		 	  Name:
		 	  Title:

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