Document:

EX-10.19

 Exhibit 10.19 

RETIREMENT AGREEMENT AND GENERAL RELEASE 

This Retirement Agreement and General Release (this “Agreement”) is made and entered into effective August 25, 2016 (the
“Separation Date”), by and among John B. Sanfilippo & Son, Inc. (hereinafter referred to as “JBSS” or the “Company”), and Walter “Bobby” Tankersley (hereinafter referred to as the
“Executive”). The Company and Executive are collectively referred to herein as the “Parties” and individually as a “Party.” 

RECITALS 
 WHEREAS,
Executive is retiring from JBSS and all officer and director positions with the Company and its subsidiaries as of the Separation Date; 

WHEREAS, Executive has certain restricted stock units under the 2008 Equity Incentive Plan of the Company (the “2008 Plan”)
that will not vest and will be forfeited upon the Separation Date; 
 WHEREAS, given that Executive has well served the Company for many
years, the Company desires to make the Separation Payment (as defined in Section 4) to Executive in recognition of his long tenure at JBSS and agreeing to certain restrictions as set forth herein; 

WHEREAS, JBSS is engaged in the business of manufacturing, processing, marketing and distributing edible nuts and nut-related products, fruit
and nut-based snacks, and related products; 
 WHEREAS, JBSS may, after this Agreement is signed, enter into new lines of business which the
Parties intend to be incorporated into this Agreement as appropriate to protect JBSS to the fullest possible extent; 
 WHEREAS, JBSS and
Executive hereby acknowledge that the industry that JBSS competes in is extremely competitive, and that JBSS expends substantial monies and other resources to develop and maintain its product information as well as its customer relationships that
JBSS and Executive understand and acknowledge are near-permanent, and developed through significant costs incurred by JBSS; 
 WHEREAS, it
is the policy of JBSS to ensure that its operations, activities, marketing strategies, product information including products under research and development, pricing information, contract terms, business affairs and customer information are kept
confidential; 
 WHEREAS, Executive, through his employment, was granted access to the aforementioned categories of JBSS’s confidential
and proprietary information, which Executive would not have had access to but for his employment with JBSS; and 
  

  
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 WHEREAS, Executive acknowledges that the restrictions contained herein are necessary and
reasonable in scope and duration the Separation Payment is a material inducement for the Executive to enter into this Agreement. 
 NOW,
THEREFORE, in consideration of the foregoing recitals and the provisions hereafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are mutually acknowledged, the parties hereto agree as follows: 

 

	1.	CONSIDERATION 

 Executive acknowledges and agrees that in consideration for the Separation Payment,
Executive will be bound by, and comply in all respects with, the provisions of this Agreement. 
  

	2.	RESIGNATION FROM OFFICES AND DIRECTORSHIPS 

 Executive hereby resigns from any and all officer and
director positions with the Company and its subsidiaries, including from Executive’s position as Senior Vice President of Procurement and Commodity Risk Management of the Company, and from any board of directors or similar governing body of
which Executive serves as the designee or other representative of the Company, effective as of the Separation Date. Executive agrees to promptly sign all appropriate documentation, if any, prepared by the Company to facilitate the resignations
contemplated by this Section 2. 
  

	3.	ACCRUED OBLIGATIONS AND VESTED BENEFITS 

 The payments and benefits set forth in this Section 3 have
been paid or will be paid and provided to Executive whether or not Executive signs this Agreement: 
 a. Final Wages 

The Company has paid or will pay Executive’s base salary through the Separation Date. 

b. Accrued Vacation 
 The
Company has paid or will pay Executive all earned and accrued but unused vacation as of the Separation Date. 
 c. Qualified Retirement
Plan 
 Executive’s 401(k) plan benefits will be payable in accordance with applicable plan documents. 

  
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 d. Reimbursement of Expenses 

The Company has paid or will pay Executive in accordance with the Company’s reimbursement policy for all business expenses which Executive
properly incurred in connection with Executive’s work for the Company through the Separation Date. 
 e. Treatment of Restricted
Stock Units 
 The outstanding restricted stock units (“RSUs”) granted by the Company to Executive pursuant to the 2008
Plan and the Company’s 2014 Omnibus Incentive Plan (together the “Equity Plans”) are listed on Exhibit A to this Agreement and shall be treated as set forth on Exhibit A of this Agreement, consistent with the terms of
the respective plan. Exhibit A forms a part of this Agreement. Except as set forth in this Section 3 and Exhibit A, Executive does not hold or have rights with respect to any other RSU or other award under the Equity Plans. 

f. Treatment of Bonus Under Sanfilippo Value Added Plan 

Executive will remain eligible for a bonus under the Company’s Sanfilippo Value Added Plan for fiscal year 2016 and fiscal year 2017 (the
“SVA Plan”) in accordance with the terms of the SVA Plan and when amounts (if any) are paid to the other participants under the SVA Plan. 
  

	4.	SEPARATION PAYMENT 

 In consideration for Executive accepting and not revoking any portion of this
Agreement as provided by Sections 11 and 12, Executive will be entitled to receive the separation payment set forth below in this Section 4 (the “Separation Payment”). Notwithstanding anything in this Agreement to the contrary,
Executive will not be paid or provided the Separation Payment unless and until Executive timely executes this Agreement as set forth in Section 11 and the revocation period set forth in Section 12 below expires without revocation by
Executive. Amounts payable pursuant to this Section 4 will not be counted for purposes of calculating any pension or retirement benefit and will not be eligible for 401(k) plan contributions. 

The Company will pay Executive a separation payment in the amount of $120,000, payable as a lump sum in cash within thirty (30) days after the seven
(7) day revocation period referenced in Section 12 has expired without revocation by Executive, assuming Executive has timely delivered to the Company an executed copy of this Agreement as set forth in Section 11 below. 

All payments, including the Separation Payment and any benefits under Section 3, shall be subject to applicable tax withholdings and other standard
deductions. 
  

	5.	GENERAL RELEASE 

 In consideration for the Separation Payment, Executive hereby releases and discharges
the Company, and each of its past and present parents, subsidiaries, predecessors, successors, assigns, related companies, affiliates, entities or divisions, and their past and present employee benefits plans, trustees, fiduciaries, and
administrators, and any and all of their respective past 

  
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and present stockholders, officers, directors, employees, representatives, agents and attorneys (collectively, “Releasees”) from any and all claims, demands, causes of action, or
liabilities, known or unknown, of any kind which Executive, or Executive’s heirs, executors, administrators, agents, attorneys, representatives or assigns (all collectively included in the term “Executive” for purposes of this
Section 5) have, had, or may have against the Releasees, based on any events or circumstances arising or occurring prior to and including the date of Executive’s execution of this Agreement to the fullest extent permitted by law,
regardless of whether such claims are now known or are later discovered, including any and all claims and liabilities relating to Executive’s employment by, or services rendered to or for, the Company, or relating to the cessation of
Executive’s employment or claims related to any rights of continued employment, reinstatement or reemployment, including but not limited to claims or liabilities under the Age Discrimination in Employment Act, the Americans with Disabilities
Act, the Family and Medical Leave Act, Title VII of the Civil Rights Act of 1964, 42 U.S.C. Section 1981, the Workers Adjustment and Retraining Notification Act, the Fair Labor Standards Act, the Rehabilitation Act, the Occupational Safety and
Health Act, Employee Retirement Income Security Act of 1974 and any other statutory, tort, contract, or common law cause of action to the fullest extent permitted by law, other than any obligations, claims, or liabilities set forth in the second
paragraph of this Section 5. This release is to be broadly construed in favor of the Releasees. In the event any person, entity, or federal, state or local government agency, including but not limited to the Equal Employment Opportunity
Commission (“EEOC”), pursues a claim on Executive’s behalf or on behalf of a class to which Executive may belong, Executive hereby waives the right to recover monetary damages or injunctive relief in favor of Executive. 

Notwithstanding anything to the contrary in this Agreement, Executive is not waiving (a) any claim or right under state workers’ compensation or
unemployment laws; (b) any claim or right to vested benefits, including under any pension or savings plan; (c) any claim or right to continued benefits in accordance with COBRA; (d) any claim or right to enforce the terms of this
Agreement; (e) any right to indemnification (and related advancement of expenses) Executive may have under applicable laws, the applicable constituent documents (including bylaws and certificates of incorporation) of the Company or its
subsidiaries, or any applicable D&O insurance policy that the Company may maintain; (f) any claim that arises after the Separation Date; and (g) any other claim or right which cannot be waived as a matter of law. 

 

	6.	JBSS’S TRADE SECRETS AND CONFIDENTIAL INFORMATION 

 a. Trade Secrets 

As used herein, the term “Trade Secrets” shall include any information that derives independent economic value, actual or
potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons or business entities who can obtain economic value from its disclosure or use. As used herein, Trade Secrets shall not include
information which is known, or shall become known through no fault of the Executive, to the public or generally known within the industry of businesses comparable to JBSS. 

  
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 All Trade Secrets imparted to Executive by JBSS, or otherwise obtained by Executive, at any time,
relating to JBSS’s business operations, product data, customer or prospect lists or information, procurement data or practices, customer specification information and related data, pricing and cost data, marketing information, computer
programs, business strategies, information regarding products under research and development, recipes, product formulae, manufacturing processes and any other such proprietary and confidential information was revealed and entrusted to Executive in
confidence, solely in connection with and for the purpose of employment on behalf of JBSS. Executive agrees that Trade Secrets are and remain the sole property of JBSS. 

Executive shall not at any time directly or indirectly, divulge any Trade Secrets to any other person or business entity, nor use or permit the
use of any Trade Secrets. 
 Upon the Separation Date, Executive shall promptly tender to JBSS all documents, lists, records, cellular
devices, computers, computer stored media and data (with accompanying passwords) and any other items, and reproductions thereof, of any kind in Executive’s possession or control containing Trade Secrets, except as expressly permitted by JBSS in
connection with and during Executive continuing to serve as a consultant to JBSS. 
 b. Confidential Information 

As used herein, the term “Confidential Information” shall include Trade Secrets any and all other confidential and/or
proprietary information that does not rise to the level of Trade Secrets that was imparted, revealed and/or entrusted to Executive by JBSS in confidence. Confidential Information that is not Trade Secrets includes, but is not limited to, information
regarding JBSS’s operations, procurement processes, product information regarding products under research and development, methods of doing business, accounting and legal information. 

All Confidential Information imparted to Executive by JBSS, or otherwise obtained by Executive, at any time, was revealed and entrusted to
Executive in confidence, solely in connection with and for the purpose of employment on behalf of JBSS. Executive agrees that Confidential Information is and remains the sole property of JBSS. 

Executive agrees that following Executive’s termination of employment, he will not divulge, either directly or indirectly, any
Confidential Information to any other person or business entity, nor use or permit the use of any Confidential Information. 
 Upon the
Separation Date, Executive shall promptly tender to JBSS all Company property, documents, lists, records, cellular devices, computers, computer stored media and data (with accompanying passwords) and any other items, and reproductions thereof, of
any kind in Executive’s possession or control containing Confidential Information, except as expressly permitted by JBSS in connection with and during Executive continuing to serve as a consultant to JBSS. 

  
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	7.	PROHIBITIONS REGARDING JBSS’S CUSTOMERS, EXECUTIVES AND UNFAIR COMPETITION (“RESTRICTIVE COVENANTS”) 

a. Restrictions as to JBSS Customers 

Executive understands and agrees that the business relationships and goodwill now existing with respect to the prospects and customers of JBSS,
whether or not created by Executive, and all such relationships and goodwill which may hereafter be created or enhanced, are JBSS’s property. Accordingly, Executive agrees that, for a period of 12 months from the Separation Date, Executive
shall not solicit business, directly or indirectly, from any customer of JBSS with whom Executive had contact in any capacity, or learned information about, at any time during the 24 months prior to Executive’s separation from employment at
JBSS, except on behalf of JBSS. This restriction includes soliciting business, selling products, providing services or otherwise dealing with JBSS customers if such activities are related to the manufacture, processing and/or distribution of edible
nuts and nut meats, fruit and nut-based snacks, and related products such as produce nuts and nut clusters, except on behalf of JBSS. Executive also shall not, directly or indirectly, assist any other person, firm, corporation or business entity in
performing any of the aforesaid acts, which includes, but is not limited to, acting as a broker or consultant. This provision shall not restrict Executive from dealing with such customers to the extent Executive’s dealings are in no way related
to the business of JBSS. It is agreed this restriction is reasonable and necessary to protect the goodwill and confidential information of JBSS. 

b. Restriction as to Solicitation of JBSS Employees 

For a period of 12 months from the Separation Date, Executive shall not solicit, hire or cause to be hired any employees of JBSS for employment
in any line of business or attempt to induce or encourage any such employee to leave the employ of JBSS. Executive also agrees not to make such solicitations indirectly. Executive also agrees not to aid or assist any other person, firm, corporation
or other business entity to do any of the aforesaid acts. This applies to actions Executive may take in any capacity, including, but not limited to, as proprietor, partner, joint venturer, stockholder, director, officer, trustee, principal, agent,
servant, employee, or in any other capacity. It is agreed this restriction is reasonable and necessary to protect the goodwill and confidential information of JBSS. 

c. Restrictions as to Employment with JBSS Competitors 

For a period of 12 months from the Separation Date, Executive agrees not to work with or render services or provide assistance to, directly or
indirectly, any entity or third party that competes or could compete with JBSS in the manufacture, processing and/or distribution of edible nuts and nut meats, fruit and nut-based snacks, and related products such as produce nuts (the “JBSS
Products”), in a capacity whereby JBSS’s Trade Secrets and/or Confidential Information would reasonably be considered to be useful to the entity or to such other third party in order to compete against JBSS or become a competitor of

  
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JBSS or in any way related to the procurement of nuts (“JBSS Competitor”). Executive acknowledges that JBSS’s business extends throughout the United States
(“U.S.”) and that, in order to protect JBSS from unfair competition, this restriction shall apply throughout the U.S. Executive acknowledges that this restriction is necessary to protect JBSS from the disclosure and use of its
competitively sensitive Confidential Information and Trade Secrets. This provision shall not preclude the Executive from working for a JBSS Competitor if the Executive’s proposed responsibilities do not involve the manufacture, processing,
marketing, procurement and distribution of JBSS Products and whereby Executive is not engaged in a capacity whereby JBSS’s Trade Secrets and/or Confidential Information would reasonably be considered to be useful to the entity or to such other
third party in order to compete against JBSS or become a competitor of JBSS. 
 Executive agrees to notify JBSS in writing in advance of
accepting future employment in the event his or her prospective employer is involved or reasonably could be involved in the manufacture, processing and/or distribution of JBSS Products. 

d. Non-Disparagement 

Executive agrees not to willingly or knowingly make any statement or criticism which would reasonably be expected to cause the Company’s
customers, suppliers or clients embarrassment, humiliation or otherwise cause or contribute to the Company’s customers, suppliers or clients being held in disrepute by the public or by the clients, customers, suppliers or employees of the
Company, except as required by law. Executive agrees not to willingly or knowingly make any statement or criticism which would reasonably be expected to cause the Company embarrassment, humiliation or otherwise cause or contribute to the Company
being held in disrepute by the public or the clients, customers, suppliers or employees of the Company. However, nothing in this Agreement will be construed to prohibit the Executive from filing a charge with, reporting possible violations to, or
participating or cooperating with any governmental agency or entity, including but not limited to the EEOC, the Department of Justice, the Securities and Exchange Commission, Congress, or any agency Inspector General, or making other disclosures
that are protected under the whistleblower, anti-discrimination or antiretaliation provisions of federal, state or local law or regulation; provided, that the Executive may not disclose Company information that is protected by the attorney-client
privilege, except as expressly authorized by law; provided further, the Executive does not need the prior authorization of the Company to make any such reports or disclosures, and the Executive is not required to notify the Company that the
Executive has made such reports or disclosures. 
 e. Reasonableness of Restrictions 

The Parties have endeavored in this Agreement to limit the Executive’s activities only to the extent necessary to protect the Company from
unfair competition in its line of business. Accordingly, if the scope or enforceability of the restrictive covenants contained herein is called into question, they agree that a court or other tribunal may modify and enforce the restrictions to the
extent necessary to protect JBSS. 

  
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	8.	COOPERATION 

 Following the Separation Date, Executive agrees to cooperate fully with the Company in the
defense, prosecution or conduct of any claims, actions, investigations, or reviews now in existence or which may be initiated in the future against, involving or on behalf of the Company or any subsidiary which relate to events or occurrences that
transpired while Executive was employed by the Company (“Matters”). Executive’s cooperation in connection with such Matters will include, but not be limited to, being available for telephone conferences with outside counsel
and/or personnel of the Company, being available for interviews, depositions and/or to act as a witness on behalf of the Company, if reasonably requested. The Company will reimburse Executive for all reasonable out-of-pocket expenses incurred by
Executive in connection with such cooperation with respect to such Matters. 
  

	9.	RIGHTS AND REMEDIES UPON BREACH OF THE RESTRICTIVE COVENANTS 

 If Executive should breach, or threaten to
commit a breach, of any of the provisions of this Agreement, JBSS shall have the right and remedy to have the restrictive covenants contained herein be enforced by any court of competent jurisdiction, without the necessity of posting a bond. The
Parties agree that any breach or threatened breach of the restrictive covenants would cause irreparable injury to JBSS, would be difficult to calculate with certainty, and that money damages would not alone provide an adequate remedy to JBSS. JBSS
shall also have any other right or remedy available to it under law or in equity including the right to seek and recover monetary damages for lost profits and other compensable damages. Should any court of competent jurisdiction adjudge that
Executive has breached any of the provisions as contained in this Agreement, JBSS shall have a right to collect, in addition to any monetary damages awarded it, all of its reasonable attorneys’ fees and costs for having to enforce this
Agreement. 
  

	10.	OBLIGATION TO NOTIFY FUTURE EMPLOYERS 

 For the period of 12 months following the Separation Date,
Executive agrees to (1) inform each new prospective employer, prior to accepting employment, of the existence of this Agreement, and (2) provide that prospective employer with a copy of this Agreement. Executive further agrees that JBSS
may send a copy of this Agreement to the employer or otherwise inform the employer of its terms. 
  

	11.	ACCEPTANCE 

 Executive may accept this Agreement by delivering a signed original of the Agreement to
Thomas J. Fordonski, Senior Vice President, Human Resources, within twenty-one (21) calendar days of Executive’s receipt of this Agreement. Executive may decide to sign the Agreement before the 21-day review period expires, provided,
however, Executive’s signing the Agreement will be final and binding upon him on the date of Executive’s execution of this Agreement (the “Effective Date”), with the exception of Executive’s waiver of claims brought
under the Age Discrimination in Employment Act (“ADEA”) and the Older Workers Benefit Protection Act 

  
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(“OWBPA”), which will become final and binding upon him unless Executive rescinds the Agreement within the revocation period referenced in Section 12 below. If Executive
fails to return an executed original of this Agreement in the required timeframe referenced in this Section 11, the Parties will have no obligation under this Agreement, and this Agreement will be considered null and void. 

 

	12.	REVOCATION 

 Executive may revoke his waiver of claims under the ADEA and OWBPA within seven
(7) calendar days after Executive executes this Agreement by delivering a written notice of revocation of Executive’s waiver of such claims to Thomas J. Fordonski, Senior Vice President, Human Resources. The revocation of ADEA/OWBPA claims
must be received no later than the close of business on the seventh (7th) calendar day after Executive signs this Agreement. Executive’s waiver of claims under the ADEA and OWBPA will not become effective or enforceable until the eighth
(8th) calendar day after Executive signs this Agreement (the “ADEA Effective Date”). If Executive revokes his waiver of claims under the ADEA/OWBPA within the 7-day revocation period, (i) Executive’s waiver of claims
under the ADEA and OWBPA set forth in Section 5 of this Agreement will be null and void; and (ii) Executive will forfeit all payments and benefits specified in Section 4 of this Agreement and will instead receive a payment of ten
thousand dollars ($10,000.00), payable as a lump sum within thirty (30) days of the Company’s receipt of Executive’s revocation, which Executive acknowledges and agrees constitutes sufficient consideration for the remaining promises
set forth in this Agreement, which will continue in full force and effect in the event of such revocation by Executive. 
  

	13.	AMENDMENT 

 This Agreement may be amended only in a writing signed by both the Executive and one of the
Chief Executive Officer, Chief Financial Officer or Senior Vice President, Human Resources of JBSS. 
  

	14.	SURVIVAL OF PROVISIONS 

 Any provision of this Agreement, which by terms or reasonable implication is to
be or may be performed or effective after the termination of the Agreement, shall be deemed to survive such termination. 
  

	15.	SEPARABILITY AND MODIFICATION 

 If any provision of this Agreement shall be invalid or unenforceable, in
whole or in part, or as applied to any circumstance, under the laws of any jurisdiction which may govern for such purpose, then such provision shall be deemed to be modified or restricted to the extent and in the manner necessary to render the same
valid and enforceable, either generally or as applied to such circumstance, or shall be deemed excised from this Agreement, as the case may require. This Agreement shall be construed and enforced to the maximum extent permitted by law, as if such
provision had been originally incorporated herein as so modified or restricted, or as if such provision had not been originally incorporated herein, as the case may be. JBSS and the 

  
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Executive hereby agree that the restrictive covenants set forth herein are separate and distinct restrictive covenants, designed to operate under different factual circumstances, and that the
invalidity of one of said covenants shall not affect the validity and/or enforceability of the other covenants. 
  

	16.	BINDING EFFECT 

 This Agreement shall be binding upon and shall inure to the benefit of the parties
hereto and their respective heirs, executors, administrators, successors, and assigns, provided that this Agreement is not assignable by Executive. 
  

	17.	NO WAIVER 

 No failure on the part of any party to this Agreement to exercise, and no delay on their part
in exercising any right, power or remedy hereunder shall operate as a waiver thereof. 
  

	18.	ALL OTHER LEGAL RIGHTS RESERVED TO JBSS 

 Nothing in this Agreement shall be construed to limit or negate
any common law torts or any statutory protections available to JBSS, including, but not limited to, an action under the Illinois Trade Secrets Act, where it provides JBSS with broader protection than that provided herein. 

 

	19.	GOVERNING LAW AND SUBMISSION TO JURISDICTION 

 This Agreement shall be governed in all respects by the
laws of the State of Illinois. Any disputes arising under this Agreement shall be tried exclusively in the courts sitting within the State of Illinois. Executive consents and submits his or her person to the jurisdiction of any such court for such
purpose. 
  

	20.	COUNTERPARTS 

 This Agreement may be executed in any number of identical counterparts, each of which
shall be deemed a duplicate original, and all of which together shall constitute but one and the same agreement. 
  

	21.	ENTIRE AGREEMENT 

 The provisions of this Agreement constitute the entire agreement of the parties with
respect to the subject matter hereof and supersede any prior agreements or understandings pertaining to said subject matter. Further, the parties acknowledge that there are no prior or contemporaneous oral or written representations, promises or
agreements not expressed or referred to herein. Should this Agreement come before any court for interpretation or enforcement, it is the intent of the Parties that the terms and provisions of this Agreement be given their fair and literal meaning.
The Parties intend that this Agreement is not to be strictly construed against any party, including the drafter of this Agreement. 

[Remainder of page left intentionally blank; signature page follows] 

  
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 IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties have set their
hands and seals and have caused this Agreement to be executed the day and year indicated. 
  

					
	 EXECUTIVE
	 		 	JOHN B. SANFILIPPO & SON, INC.
			
	 /s/ Walter Tankersley
	 		 	 /s/ Thomas J. Fordonski

	Signature	 		 	
			
	Name: Walter Tankersley	 		 	 Name: Thomas J. Fordonski
  

Title: Authorized agent for JBSS, and acting as its Senior Vice President, Human Resources

			
	Date: August 24, 2016	 		 	Date: August 24, 2016

 [Signature Page to Retirement Agreement and General Release] 

 Exhibit A 

Treatment of Restricted Stock Units Under Section 3 
  

							
	 Grant Date of RSUs
and Applicable Plan
(2008 or 2014
Plan)
	 	 Number of RSUs
Issued to Executive
	 	 Number RSUs which
Will Vest on the
Separation Date
	 	 Number of RSUs
which Will be
Forfeited on the
Separation
Date

	 November, 2013
	 	2,500	 		 	2,500
	 November, 2014
	 	3,378	 	3,378	 	
	 November, 2015
	 	2,325	 	2,325Exhibit 4.1

 

THE BANK OF NEW YORK MELLON

NEW YORK’S FIRST BANK-FOUNDED 1784 BY ALEXANDER HAMILTON

 

 

2 HANSON PLACE, 12TH FLOOR, BROOKLYN,
N.Y. 11217

 

 

 

August 24, 2016

 

Hennion & Walsh, Inc.

2001 Route 46, Waterview Plaza

Parsippany, New Jersey 07054

 

Smart Trust 262

 

Dear Sirs:

The Bank of New York
Mellon is acting as trustee for the series of Smart Trust set forth above (the “Trust”). We enclosed a list
of the Securities to be deposited in the Trust on the date hereof. The prices indicated therein reflect our evaluation of such
Securities as of close of business on August 23, 2016, in accordance with the valuation method set forth in the Standard Terms
and Conditions of Trust and Trust Agreement. We consent to the reference to The Bank of New York Mellon as the party performing
the evaluations of the Trust Securities in the Registration Statement (No. 333-211889) filed with the Securities and Exchange Commission
with respect to the registration of the sale of the Trust Units and to the filing of this consent as an exhibit thereto.

	 	Very truly yours,
	 	 
	 	/s/ GERARDO CIPRIANO
	 	Gerardo Cipriano
	 	Vice President

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