Document:

COMMITMENT INCREASE AGREEMENT, dated as of January 12, 2022 (this “Agreement”), by and among:

    (1) STAR MOUNTAIN LOWER MIDDLE-MARKET CAPITAL CORP., a Delaware corporation (together with its successors and assigns in such capacity, the “Borrower”);

    (2) EACH OF THE LENDERS (as defined herein) PARTY HERETO; and

    (3) STERLING NATIONAL BANK, as the Agent (as defined herein);

    Borrower, Sterling National Bank, as the collateral agent and administrative agent (in such capacities, the “Agent”) and the lenders party thereto as of the date hereof (the
      “Lenders”) are party to that certain Loan and Servicing Agreement, dated as of July 2, 2021 (as amended, amended and restated, modified, waived, supplemented or restated from time to time, the “Loan and Servicing Agreement”). Capitalized
      terms used and not defined herein shall have the meanings assigned to such terms in the Loan and Servicing Agreement.

    In accordance with Section 2.18(a) of the Loan and Servicing Agreement, Borrower has proposed a Commitment Increase in an amount equal to $25,000,000 (the “Proposed Commitment
        Increase”).

    The Agent and the Lenders have agreed to the Proposed Commitment Increase in accordance with the terms hereof.

    Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged,
      the parties hereto agree as follows:

    SECTION 1. Commitment Increase; Reallocations.

    (a) Pursuant to Section 2.18(a) of the Loan and Servicing Agreement and subject to the
      terms and conditions hereof, effective as of the date hereof, (i) each of the Borrower, the Lenders and the Agent agree to a Commitment Increase of $25,000,000, such that the Aggregate Commitments shall be increased to $80,000,000, and (ii) each
      Lender agrees to be an Increasing Lender and increase its Commitment such that its Commitment after giving effect thereto shall be as set forth on Schedule 1.01(a)  hereto . The Commitment Increase Date shall be the date hereof.

    (b) On the date hereof, after giving effect to the Commitment Increase set forth in this
      Section 1, each applicable Lender shall make a payment to the Agent for the account of the other applicable Lenders in an amount calculated by the Agent, so that after giving effect to such payment by the applicable Lenders and to the distribution
      thereof to the applicable Lenders, the Advances are held ratably by the Lenders in accordance with the respective Commitments of such Lenders.

    (c) The Agent hereby acknowledges that it has received notice
      pursuant to Section  2.18(a) of the Loan and Servicing Agreement within the time period required thereunder. The Agent hereby consents to the Commitment Increase amounts set forth on Schedule 1.01(a) hereto.

    
      
        

    

    

    

    (d) After giving effect to the Commitment Increase set forth in this Section 1,

    Schedule 1.01(a) to the Loan and Servicing Agreement shall be amended and restated as set forth on Schedule 1.01(a) attached hereto

    SECTION 2. Conditions Precedent. This Agreement and the Commitment Increase set
      forth in Section 1, and the obligations of the Lenders hereunder shall become effective on and as of the date hereof upon satisfaction of the following conditions precedent, as determined in the sole discretion of, or waived by, the Administrative
      Agent:

    (a) counterparts of this Agreement shall have been duly executed by, and delivered to, the
      parties hereto and thereto, each in form and substance reasonably satisfactory to the Agent;

    (b) each of the conditions set forth or referred to in Section 2.18(a) of the Loan and
      Servicing Agreement shall be satisfied, and pursuant to Section 2.18(a)(vii) of the Loan and Servicing Agreement, the Agent shall have received a certificate of the Borrower stating that each of the applicable conditions to the Commitment Increase
      set forth in Section 2.18 of the Loan and Servicing Agreement has been satisfied;

    (c) the Agent shall have received all fees due pursuant to Administrative Agent Fee
      Letter; and

    (d) all reasonable and documented up-front expenses and fees (including the reasonable
      and documented legal fees of outside counsel, any fees required under the Fee Letters) that have been invoiced shall have been paid in full.

    SECTION 3. Representations and Warranties of the Borrower. The Borrower hereby

    represents and warrants that:

    (a) The Borrower is a corporation duly organized, validly existing and in good standing
      under the laws of the State of Delaware, with all requisite corporate power and authority necessary to own and service the Loan Assets and the Collateral and to conduct its business as such business is presently conducted and to enter into and
      perform its obligations pursuant to this Agreement.

    (b) The Borrower (i) has the power, authority and legal right to (x) execute and deliver
      this Agreement; and (y) perform and carry out the terms of this Agreement and the Loan and Servicing Agreement as supplemented by this Agreement and the transactions contemplated thereby, and (ii) has taken all necessary action to authorize the
      execution, delivery and performance of this Agreement and the Loan and Servicing Agreement as supplemented by this Agreement.

    (c) This Agreement has been duly executed and delivered by the Borrower and this
      Agreement and the Loan and Servicing Agreement as supplemented by this Agreement constitute the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with their respective terms, except as the
      enforceability hereof and thereof may be limited by Bankruptcy Laws and by general principles of equity.

    (d) No consent of any other party and no consent, license,
      approval or authorization of, or registration or declaration with, any Governmental Authority, bureau or agency is required in connection with the execution, delivery or performance by the Borrower of this Agreement or the Loan and Servicing
      Agreement as supplemented by this Agreement or the validity or enforceability of this

    

    

    
      
        

    

    

    

    Agreement or the Loan and Servicing Agreement as supplemented by this Agreement, other than such as have been met or obtained and are in full force and effect, in each case, other than those
      consents, approvals, registrations, filings or actions the failure of which to obtain or make could not reasonably be expected to materially impact the rights and remedies of the Collateral Agent, the Administrative Agent, any Lender and the Secured
      Parties with respect to matters arising under this Agreement or any other Transaction Document or the ability of any of the Borrower to perform its obligations under this Agreement or any other Transaction Document to which it is a party.

    (e) The execution, delivery and performance of this Agreement, the Loan and Servicing
      Agreement as supplemented by this Agreement, and all other agreements and instruments executed and delivered or to be executed and delivered pursuant hereto or thereto will not (i) conflict with, result in any breach of any of the terms and
      provisions of, or constitute (with or without notice or lapse of time or both) a default under, the Borrower’s certificate of formation or the Operating Agreement, (ii) result in the creation or imposition of any Lien on the Collateral other than
      Permitted Liens, (iii) violate any Applicable Law in any material respect, or (iv) violate any contract or other agreement to which the Borrower is a party or by which the Borrower or any property or assets of the Borrower may be bound.

    (f) There is no litigation, proceeding or investigation pending or, to the knowledge of
      the Borrower, threatened in writing against the Borrower or any properties of the Borrower, before any Governmental Authority (i) asserting the invalidity of this Agreement or the Loan and Servicing Agreement as supplemented by this Agreement, or
      (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any other Transaction Document to which the Borrower is a party.

    (g) No Unmatured Event of Default or Event of Default shall have occurred and be
      continuing on the date hereof or shall result from the transactions contemplated hereby;

    (h) The representations and warranties contained in this Agreement and the other
      Transaction Documents are true and correct in all material respects (other than any representation or warranty already qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects) on and as of the date hereof
      as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date);

    SECTION 4. Consent and Reaffirmation.

    (a) (x) The Borrower (i) agrees that, the Loan and Servicing Agreement and each

    other Transaction Document continue to be in full force and effect and all of the covenants and agreements and other provisions contained in the Loan and Servicing Agreement
      (as supplemented hereby) and each other Transaction Document are hereby ratified and confirmed in all respects and shall remain in full force and effect in accordance with their terms from and after the date hereof, (ii) acknowledges that the term
      “Obligations” include any and all Advances made now or in the future in respect of the Commitment Increase and all interest and other amounts owing in respect thereof under the Transaction Documents, and (iii) confirms and ratifies its collateral
      assignment and pledge to the Collateral Agent, on behalf of the Secured Parties, and grant of a security interest to the Collateral Agent, on behalf of the Secured Parties, in all of the Borrower’s right, title and interest in, to and under (but none
      of the obligations under) all of the Collateral, whether now existing or hereafter arising or acquired by the Borrower, and wherever the same may be located, to secure the prompt and complete payment in full

    

    

    
      
        

    

    when due, whether at stated maturity, by lapse of time, acceleration or otherwise, of the Obligations (as supplemented hereby) due or to become due, direct or indirect, or absolute or contingent, and the performance by
      the Borrower of all of the covenants and obligations to be performed by it pursuant to the Loan and Servicing Agreement and each other Transaction Document, whether now or hereafter existing, all as provided in the Transaction Documents as originally
      executed (and supplemented hereby).

    (b) On the Effective Date, each reference in the Loan and Servicing Agreement to “this
      Agreement,” “hereunder,” “hereof,” “herein” or words of similar import shall mean and be a reference to the Loan and Servicing Agreement as modified by this Agreement and each reference in any other Transaction Document shall mean the Loan and
      Servicing Agreement as modified hereby.

    (c) This Agreement is a Transaction Document under the Loan and Servicing Agreement.

    SECTION 5. Expenses. Pursuant to Section 10.07 of the Loan and Servicing
      Agreement, the Borrower agrees to pay on demand all reasonable and documented out-of-pocket costs and expenses (including reasonable and documented outside counsel fees and expenses) of the Agent in connection with the preparation, execution,
      delivery, and administration of this Agreement and the other documents entered into in connection herewith.

    SECTION 6. Counterparts. This Agreement may be executed in any number of
      counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Delivery of an executed
      counterpart of a signature page to this Agreement by e-mail in portable document format (.pdf) or facsimile shall be effective as delivery of a manually executed counterpart of this Agreement.

    SECTION 7. GOVERNING LAW; JURY WAIVER. THIS
        AGREEMENT SHALL, IN ACCORDANCE WITH SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. EACH OF THE PARTIES HERETO WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT
        MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION ARISING DIRECTLY OR INDIRECTLY OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREUNDER.

    SECTION 8. Headings. The headings herein are for purposes of references only
      and shall not otherwise affect the meaning or interpretation of any provision hereof.

    [Remainder of page intentionally left blank]

    
      
        

    

    

    

    

    

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

    THE BORROWER:

    	
            STAR MOUNTAIN LOWER MIDDLE-MARKET CAPITAL CORP.

             

            

             

            

          	 	 
	
            By:  /s/ Brett Hickey

                    Name:  Brett Hickey

                    Title:    Authorized Signatory

              

          	 	 

    

    

    [SIGNATURES CONTINUE ON THE FOLLOWING PAGE]

    [Signature Page to

    Commitment Increase Agreement]

    
      
        

    

    THE ADMINISTRATIVE AGENT AND THE COLLATERAL AGENT: 

    STERLING NATIONAL BANK

    By: /s/ Andrew Shuster 

    Name: Andrew Shuster

      Title:   Managing Director

    LENDER:

    STERLING NATIONAL BANK

    By: /s/ Andrew Shuster 

    Name: Andrew Shuster

      Title:   Managing Director

    [Signature Page to 

    Commitment Increase Agreement]

    
      
        

    

    

    

    LENDER:

    INVESTORS BANK

    By: /s/ Sondra Rowland 

    Name: Sondra Rowland

      Title:   Senior Vice President

    [Signature Page to 

     
    Commitment Increase Agreement]

    
      
        

    

    LENDER:

    BLUE RIDGE BANK

    By: /s/ Andrea Stover 

    Name: Andrea Stover

      Title:   Senior Vice President

     

    

     

    

     

    

     

    

     

    

     

    

     

    

     

    

     

    

     

    

     

    

     

    

     

    

    

      

      

      

      

      

      

      

      

      

        

        

        

        

        

        

        
          [Signature Page to 

          Commitment Increase Agreement]

          
            
              

          

        

        

      

      SCHEDULE 1.01(a)

      Commitments

    

    

    

    

    	
            Lender

          	 	
            Commitment

          	 	
            Percentage

          
	 	 	 	 	 
	
            Sterling National Bank

          	 	
            $50,000,000

          	 	
            62.50%

          
	 	 	 	 	 
	
            Blue Ridge Bank

          	 	
            $15,000,000

          	 	
            18.75%

          
	 	 	 	 	 
	
            Investors Bank

          	 	
            $15,000,000

          	 	
            18.75%

          
	 	 	 	 	 
	
            TOTAL

          	 	
            $80,000,000Document

STARBUCKS CORPORATION
EXECUTIVE MANAGEMENT BONUS PLAN
(as amended and restated on January 12, 2022)

Section 1. Purpose.

The purpose of the Executive Management Bonus Plan (the “Plan”) is to promote the interests of Starbucks Corporation (“Starbucks”) and its subsidiaries (collectively the “Company”) by providing eligible key partners of the Company with incentives tied to annual Performance Goals (as defined in Section 5). The Plan will cover each fiscal year of Starbucks beginning with its 2023 fiscal year, unless other otherwise determined by the Committee (as defined below). Each such fiscal year is referred to herein as a “Performance Period.”

Section 2. Administration.

(a) The Plan shall be administered by the Compensation and Management Development Committee (the “Committee”) of the Board of Directors of Starbucks (the “Board”).

(b) The Committee shall have broad authority to grant and administer Awards under the Plan and may, subject to the provisions of the Plan, establish, adopt or revise rules and regulations relating to the Plan or take such actions as it deems necessary or advisable for the proper administration of the Plan. The Committee shall have the authority to interpret and make decisions under the Plan in its sole discretion, including but not limited to determining whether any Performance Goal and other conditions associated with an Award have been met and exercising discretion to adjust the amount of incentive payments hereunder upwards or downwards. Any decision or interpretation by the Committee hereunder shall be final and conclusive for all purposes and binding upon all Participants (as defined in Section 3 below) or former Participants and their successors in interest.

(c) Neither the Committee nor any member of the Committee shall be liable for any act, omission, interpretation, construction or determination made in good faith in connection with the Plan, and the members of the Committee shall be entitled to indemnification and reimbursement by Starbucks in respect of any claim, loss, damage or expense (including, without limitation, reasonable attorneys’ fees) arising or resulting therefrom to the fullest extent permitted by law.

(d) For purposes of clarity, the Committee may exercise any discretion provided for hereunder in a non-uniform manner among Participants.

Section 3. Eligibility.

Partners serving in positions of executive vice president and above shall participate in the Plan, together with any other key partners of the Company who are selected for participation in the Plan by the Committee. The Committee shall select in writing who, in addition to the partners servicing in positions of executive vice president and above, shall receive an Award with respect to a Performance Period 
within 90 days after the beginning of such Performance Period. Each such partner shall be a 

“Participant” with respect to such Performance Period. 
Unless otherwise provided for by the Committee, each partner whose employment terminates prior to the end of a Performance Period will not be eligible to receive an Award under the Plan for that Performance Period. If a Participant’s employment is terminated due to retirement (voluntary termination of employment after attainment of age 55 and at least ten (10) years of credited service with the Company, as determined by the Committee in its sole discretion), permanent disability or death before the end of a Performance Period, the Committee may, in its sole discretion, provide a prorated Award based on the number of days the Participant was employed by the Company during such Performance Period. 

Section 4. Compliance Requirements.

A Participant must comply with all applicable state and federal regulations and Company policies (collectively, the “Compliance Requirements”) in order to be eligible to receive an Award under the Plan. A Participant whose employment is terminated after the end of a Performance Period, but before Awards for such Performance Period are paid, due to violating any of the Compliance Requirements or other reasons involving cause, will not be eligible to receive an Award for such Performance Period.

Section 5. Performance Goal.

The Committee may grant performance-based awards (the “Awards”) to Participants with respect to a Performance Period beginning on or after September 30, 2019 subject to the terms and conditions of the Plan, and the Committee may delegate such authority to the chief executive officer with respect to Awards for any executive vice president who is not an “Executive Officer” of the Company (as defined in §240.3b-7 of the rules promulgated under Securities Exchange Act of 1934, as amended). Performance goals (“Performance Goals”) may be objective or subjective, and may relate to individual, company-wide or business-segment or business-function performance. “Performance Goals” may include, without limitation, one or more of the following (as selected by the Committee): (i) cash flow; (ii) earnings per share, as adjusted for any stock split, stock dividend or other recapitalization; (iii) earnings measures; (iv) return on equity; (v) total shareholder return; (vi) share price performance, as adjusted for any stock split, stock dividend or other recapitalization; (vii) return on capital; (viii) revenue; (ix) income; (x) operating or profit margin; (xi) return on operating revenue; (xii) brand recognition/acceptance; (xiii) customer satisfaction; (xiv) productivity; (xv) expense targets; (xvi) market share; (xvii) cost control measures; (xiii) inventory turns or cycle time; (xix) balance sheet metrics; (xx) strategic initiatives; (xxi) store count; (xxii) comparable store sales; (xxiii) environmental, social and governance goals, or (xxiv) human capital goals (including, but not limited to, diversity, equity and inclusion, retention and talent development goals), as well any derivations of the foregoing (e.g., income shall include pre-tax income, net income, operating income, etc.).  

The Committee may provide, at the time it establishes Performance Goals for any award (as well as at any time when the achievement of the performance goals remains substantially uncertain), that any evaluation of performance shall include or exclude any one or more of the following events that occurs during a performance period: (i) significant acquisitions or dispositions of businesses or assets by the Company, (ii) litigation or claim judgments or settlements; (iii) the effect of changes in tax laws, accounting principles, or other laws or provisions affecting reported results; (iv) any reorganization and restructuring programs; (v) the effect of items that are unusual in nature or occur infrequently as determined under generally accepted accounting principles; (vi) significant, non-recurring charges or credits; (vii) foreign exchange rates; and (viii) any such other events that are determined to be appropriate by the Committee.

Section 6. Payment.

Awards shall be settled, less applicable withholdings and deductions, (i) in cash and/or, (ii) stock and/or stock-based awards granted under the Starbucks Corporation 2005 Long-Term Equity Incentive Plan (as amended and restated) or other Starbucks equity compensation plan that has been approved by shareholders. Except as determined by the Committee with respect to a multi-fiscal year Performance Period, payment of each Award shall be made as soon as administratively practicable following the end of the Performance Period but in any event no later than the 15th day of the third month following the end of the Performance Period during which the Award was earned, unless such amounts are otherwise deferred in accordance with a Company deferral plan.

Section 7. Clawback.

The Awards under this Plan are subject to the terms of the Company’s recoupment, clawback or similar policy as may be in effect from time to time, as well as any similar provisions of applicable law, any of which could in certain circumstances require repayment or forfeiture of Awards under this Plan.

Section 8. General Provisions.

(a) No Rights to Awards or Continued Employment. No partner of the Company shall have any claim or right to receive Awards under the Plan. Neither the Plan nor any action taken under the Plan shall be construed as giving any partner any right to be retained by the Company.

(b) No Limits on Other Awards and Plans. Nothing contained in the Plan shall prohibit the Company from establishing other awards or compensation plans providing for the payment of compensation to partners of the Company, including any Participants. Subject to the provisions of any Company deferral plan, Awards under the Plan may be eligible for deferral. 

(c) Withholding Taxes. The Company shall deduct from all payments and distributions under the Plan any required federal, state or local governments tax withholdings.

(d) Rights are Non-Assignable. A Participant nor any beneficiary nor any other person shall have any right to assign the right to receive payments hereunder, in whole or in part, which payments are non-assignable and non-transferable, whether voluntarily or involuntarily.

(e) Unfunded Status of Plan. The Company shall not have any obligation to establish any separate fund or trust or other segregation of assets to provide for payments under the Plan. To the extent any person acquires any rights to receive payments hereunder from the Company, such rights shall be no greater than those of an unsecured creditor.

(f) Effective Date; Amendment. The Plan is effective September 30, 2022. The Committee may at any time and from time to time alter, amend, suspend or terminate the Plan in whole or in part; provided, however, that any alteration or amendment that requires shareholder approval in order to comply with applicable laws or regulations, shall be made subject to such shareholder approval.

(g) Governing Law. The Plan and the rights of all persons under the Plan shall be construed and administered in accordance with the laws of the State of Washington without regard to its conflict of law principles.

Amended and Restated by the Committee on January 12, 2022.

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