Document:

EX-10.8

 Exhibit 10.8 

EXECUTION VERSION 
  

 
  

PARENT SECURITY AGREEMENT 
 dated
as of 
 April 29, 2013 

between 
 PINNACLE FOODS INC.,

 and 
 BARCLAYS BANK PLC, 

as Collateral Agent 
  

 
  

 TABLE OF CONTENTS 
  

							
	 	  	 	  	Page	 
	ARTICLE I	  
	
	Definitions	  
			
	 SECTION 1.01.
	  	Credit Agreement	  	 	1	  
	 SECTION 1.02.
	  	Other Defined Terms	  	 	1	  
	
	ARTICLE II	  
	
	Pledge of Securities	  
			
	 SECTION 2.01.
	  	Pledge	  	 	2	  
	 SECTION 2.02.
	  	Delivery of the Pledged Collateral.	  	 	3	  
	 SECTION 2.03.
	  	Representations, Warranties and Covenants	  	 	3	  
	 SECTION 2.04.
	  	Certification of Limited Liability Company and Limited Partnership Interests	  	 	4	  
	 SECTION 2.05.
	  	Registration in Nominee Name; Denominations	  	 	4	  
	 SECTION 2.06.
	  	Voting Rights; Dividends and Interest.	  	 	4	  
	
	ARTICLE III	  
	
	Security Interests in Personal Property	  
			
	 SECTION 3.01.
	  	Security Interest.	  	 	6	  
	 SECTION 3.02.
	  	Representations and Warranties	  	 	7	  
	 SECTION 3.03.
	  	Covenants.	  	 	8	  
	 SECTION 3.04.
	  	Other Actions	  	 	9	  
	
	ARTICLE IV	  
	
	Remedies	  
			
	 SECTION 4.01.
	  	Remedies upon Default	  	 	10	  
	 SECTION 4.02.
	  	Application of Proceeds.	  	 	11	  
	
	ARTICLE V	  
	
	Indemnity, Subrogation and Subordination	  
			
	 SECTION 5.01.
	  	Indemnity	  	 	12	  
	 SECTION 5.02.
	  	Contribution and Subrogation	  	 	12	  
	 SECTION 5.03.
	  	Subordination.	  	 	12	  
	
	ARTICLE VI	  
	
	Miscellaneous	  
			
	 SECTION 6.01.
	  	Notices	  	 	13	  
	 SECTION 6.02.
	  	Waivers; Amendment.	  	 	13	  
	 SECTION 6.03.
	  	Collateral Agent’s Fees and Expenses.	  	 	13	  
	 SECTION 6.04.
	  	Successors and Assigns	  	 	14	  
	 SECTION 6.05.
	  	Survival of Agreement	  	 	14	  

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 SECTION 6.06.
	  	Counterparts; Effectiveness; Several Agreement	  	 	14	  
	 SECTION 6.07.
	  	Severability	  	 	14	  
	 SECTION 6.08.
	  	Right of Set-Off	  	 	14	  
	 SECTION 6.09.
	  	Governing Law; Jurisdiction; Consent to Service of Process.	  	 	15	  
	 SECTION 6.10.
	  	WAIVER OF JURY TRIAL	  	 	15	  
	 SECTION 6.11.
	  	Headings	  	 	15	  
	 SECTION 6.12.
	  	Security Interest Absolute	  	 	15	  
	 SECTION 6.13.
	  	Termination or Release.	  	 	16	  
	 SECTION 6.14.
	  	Additional Restricted Subsidiaries	  	 	16	  
	 SECTION 6.15.
	  	Collateral Agent Appointed Attorney-in-Fact	  	 	16	  
	 SECTION 6.16.
	  	General Authority of the Collateral Agent	  	 	17	  
			
	 Schedules
	  		  			
			
	 SCHEDULE I
	  	Pledged Equity; Pledged Debt	  			
			
	 Exhibits
	  		  			
			
	 EXHIBIT I
	  	Form of Parent Security Agreement Supplement	  			
	 EXHIBIT II
	  	Form of Perfection Certificate	  			

  
 -ii- 

 PARENT SECURITY AGREEMENT, 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 (“Barclays”), as Collateral Agent for the Secured Parties (as defined below). 

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, 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. Parent and the other Grantors (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. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement or the Credit Agreement have the meanings specified therein; the term “instrument” shall have the meaning
specified in Article 9 of the New York UCC. 
 (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: 
 “Account Debtor” means any Person who is or who may become obligated to any Grantor under, with respect to
or on account of an Account. 
 “Accounts” has the meaning specified in Article 9 of the New York UCC. 

“Agreement” means this Parent Security Agreement. 

“Article 9 Collateral” has the meaning assigned to such term in Section 3.01(a). 

“Claiming Party” has the meaning assigned to such term in Section 5.02. 

“Collateral” means the Article 9 Collateral and the Pledged Collateral. 

“Contributing Party” has the meaning assigned to such term in Section 5.02. 

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

“Foreign Pledge Agreement” means any share pledge agreement that is not governed by the Laws of the United States, any state
thereof or the District of Columbia. 
 “General Intangibles” has the meaning specified in Article 9 of the New York UCC
and includes corporate or other business records, indemnification claims, contract rights (including rights under leases, whether entered into as lessor or lessee, Swap Contracts and other agreements), goodwill, registrations, franchises, tax refund

 
claims and any letter of credit, guarantee, claim, security interest or other security held by or granted to any Grantor, as the case may be, to secure payment by an Account Debtor of any of the
Accounts; provided that General Intangibles shall not include any intellectual property and related assets subject to the Intellectual Property Security Agreement (or any intellectual property and related assets otherwise specifically
excluded from the definition of “Collateral” (as defined therein)). 
 “Grantor” means Parent and each
Intermediate Parent Company that becomes a party to this Agreement after the Amendment Effective Date. 
 “New York UCC”
means the Uniform Commercial Code as from time to time in effect in the State of New York. 
 “Obligations” has the meaning
assigned to such term in the Credit Agreement. 
 “Parent” has the meaning assigned to such term in the preliminary
statement of this Agreement. 
 “Parent Security Agreement Supplement” means an instrument in the form of Exhibit I hereto.

 “Perfection Certificate” means a certificate substantially in the form of Exhibit II, completed and supplemented with
the schedules and attachments contemplated thereby, and duly executed by the chief financial officer and the chief legal officer of Parent. 

“Pledged Collateral” has the meaning assigned to such term in Section 2.01. 

“Pledged Debt” has the meaning assigned to such term in Section 2.01. 

“Pledged Equity” has the meaning assigned to such term in Section 2.01. 

“Pledged Securities” means any promissory notes, stock certificates or other securities now or hereafter included in the
Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral. 

“Secured Parties” means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Hedge Banks, the
Supplemental Administrative Agent and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.02 of the Credit Agreement. 

“Security Interest” has the meaning assigned to such term in Section 3.01(a). 

ARTICLE II 
 Pledge
of Securities 
 SECTION 2.01. Pledge. As security for the payment or performance, as the case may be, in full of the
Obligations, including each Guaranty, each Grantor hereby assigns and pledges to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and assigns, for the
benefit of the Secured Parties, a security interest in, all of such Grantor’s right, title and interest in, to and under (i) all Equity Interests held by it and listed on Schedule I and any other Equity Interests obtained in the future by
such Grantor and the certificates, if any, representing all such Equity Interests (the “Pledged Equity”); (ii) (A) the debt securities owned by it and listed opposite the name of such Grantor on Schedule I, (B) any
debt securities obtained in the future by such Grantor and (C) the promissory notes and any other instruments evidencing such debt securities (the “Pledged Debt”); (iii) all other property that may be delivered to and held
by the Collateral Agent; (iv) subject to Section 2.06, all payments of principal or interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or
upon the conversion of, and all other Proceeds received in respect of, the securities referred to in clauses (i) and (ii) above; (v) subject to Section 2.06, all rights and privileges of such Grantor with

  
 2 

 
respect to the securities and other property referred to in clauses (i), (ii), (iii) and (iv) above; and (vi) all Proceeds of any of the foregoing (the items referred to in
clauses (i) through (vi) above being collectively referred to as the “Pledged Collateral”). 
 TO HAVE AND
TO HOLD the Pledged Collateral, together with all right, title, interest, powers, privileges and preferences pertaining or incidental thereto, unto the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, forever,
subject, however, to the terms, covenants and conditions hereinafter set forth. 
 SECTION 2.02. Delivery of the Pledged Collateral.

 (a) Each Grantor agrees promptly to deliver or cause to be delivered to the Collateral Agent, for the benefit of the Secured Parties, any
and all Pledged Securities (other than any uncertificated securities, but only for so long as such securities remain uncertificated) to the extent such Pledged Securities, in the case of promissory notes or other instruments evidencing Indebtedness,
are required to be delivered pursuant to paragraph (b) of this Section 2.02. 
 (b) Each Grantor will cause (i) any
Indebtedness for borrowed money (other than intercompany loans referred to in clause (ii) below) having an aggregate principal amount in excess of the Dollar Amount of $10,000,000 owed to such Grantor by any Person and (ii) any
intercompany loans made by such Grantor to a Non-Loan Party, in each case to be evidenced by a duly executed promissory note (or pursuant to a global note) that is pledged and delivered to the Collateral Agent, for the benefit of the Secured
Parties, pursuant to the terms hereof. 
 (c) Upon delivery to the Collateral Agent, (i) any Pledged Securities shall be accompanied by
stock powers duly executed in blank or other instruments of transfer reasonably satisfactory to the Collateral Agent and by such other instruments and documents as the Collateral Agent may reasonably request and (ii) all other property
comprising part of the Pledged Collateral shall be accompanied by proper instruments of assignment duly executed by the applicable Grantor and such other instruments or documents as the Collateral Agent may reasonably request. Each delivery of
Pledged Securities shall be accompanied by a schedule describing the securities, which schedule shall be attached hereto as Schedule I and made a part hereof; provided that failure to attach any such schedule hereto shall not affect the validity of
such pledge of such Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered. 
 SECTION 2.03.
Representations, Warranties and Covenants. Parent represents, warrants and covenants, as to itself and the other Grantors, and each other Grantor jointly and severally represents, warrants and covenants, as to itself and the other Grantors, to
and with the Collateral Agent, for the benefit of the Secured Parties, that: 
 (a) Schedule I correctly sets forth the percentage of the
issued and outstanding units of each class of the Equity Interests of the issuer thereof represented by the Pledged Equity and includes all Equity Interests, debt securities and promissory notes required to be pledged hereunder in order to satisfy
the Collateral and Guarantee Requirement; 
 (b) the Pledged Equity and Pledged Debt (solely with respect to Pledged Debt issued by a Person
other than Parent or a subsidiary of Parent, to the best of Parent’s knowledge) have been duly and validly authorized and issued by the issuers thereof and (i) in the case of Pledged Equity, is fully paid and nonassessable and (ii) in
the case of Pledged Debt (solely with respect to Pledged Debt issued by a Person other than Parent or a subsidiary of Parent, to the best of Parent’s knowledge), are legal, valid and binding obligations of the issuers thereof; 

(c) except for the security interests granted hereunder, each of the Grantors (i) is and, subject to any transfers made in compliance
with the Credit Agreement, will continue to be the direct owner, beneficially and of record, of the Pledged Securities indicated on Schedule I as owned by such Grantors, (ii) holds the same free and clear of all Liens, other than (A) Liens
created by the Collateral Documents and (B) Liens expressly permitted 

  
 3 

 
pursuant to Section 7.01 of the Credit Agreement, (iii) will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or other
Lien on, the Pledged Collateral, other than (A) Liens created by the Collateral Documents and (B) Liens expressly permitted pursuant to Section 7.01 of the Credit Agreement, and (iv) will defend its title or interest thereto or
therein against any and all Liens (other than the Liens permitted pursuant to this Section 2.03(c)), however arising, of all Persons whomsoever; 

(d) except for restrictions and limitations imposed by the Loan Documents, the Second Lien Facility Documentation or securities laws generally
and except as described in the Perfection Certificate, the Pledged Collateral is and will continue to be freely transferable and assignable, and none of the Pledged Collateral is or will be subject to any option, right of first refusal, shareholders
agreement, charter or by-law provisions or contractual restriction of any nature that might prohibit, impair, delay or otherwise affect in any manner material and adverse to the Secured Parties the pledge of such Pledged Collateral hereunder, the
sale or disposition thereof pursuant hereto or the exercise by the Collateral Agent of rights and remedies hereunder; 
 (e) each of the
Grantors has the power and authority to pledge the Pledged Collateral pledged by it hereunder in the manner hereby done or contemplated; 

(f) no consent or approval of any Governmental Authority, any securities exchange or any other Person was or is necessary to the validity of
the pledge effected hereby (other than such as have been obtained and are in full force and effect); 
 (g) by virtue of the execution and
delivery by the Grantors of this Agreement, when any Pledged Securities are delivered to the Collateral Agent in accordance with this Agreement, the Collateral Agent will obtain a legal, valid and perfected lien upon and security interest in such
Pledged Securities as security for the payment and performance of the Obligations; and 
 (h) the pledge effected hereby is effective to
vest in the Collateral Agent, for the benefit of the Secured Parties, the rights of the Collateral Agent in the Pledged Collateral as set forth herein. 

SECTION 2.04. Limited Liability Company and Partnership Interests. Each certificate representing an interest in any limited liability
company, partnership or limited partnership controlled by any Grantor and pledged under Section 2.01 shall be delivered to the Collateral Agent. 

SECTION 2.05. Registration in Nominee Name; Denominations. If an Event of Default shall occur and be continuing and the Collateral
Agent shall give the Borrower notice of its intent to exercise such rights, (a) the Collateral Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in its own name as
pledgee, the name of its nominee (as pledgee or as sub-agent) or the name of the applicable Grantor, endorsed or assigned in blank or in favor of the Collateral Agent, and each Grantor will promptly give to the Collateral Agent copies of any notices
or other communications received by it with respect to Pledged Securities registered in the name of such Grantor and (b) the Collateral Agent shall have the right to exchange the certificates representing Pledged Securities for certificates of
smaller or larger denominations for any purpose consistent with this Agreement. 
 SECTION 2.06. Voting Rights; Dividends and
Interest. 
 (a) Unless and until an Event of Default shall have occurred and be continuing and the Collateral Agent shall have notified
the Borrower that the rights of the Grantors under this Section 2.06 are being suspended: 
 (i) Each Grantor shall be
entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of Pledged Securities or any part thereof for any purpose consistent with the terms of this Agreement, the Credit Agreement and the other Loan
Documents; provided that such rights and powers shall not be exercised in any manner that could materially and adversely affect the rights inuring to a holder of any Pledged Securities or the rights and remedies of any of the Collateral Agent or the
other Secured Parties under this Agreement, the Credit Agreement or any other Loan Document or the ability of the Secured Parties to exercise the same. 

  
 4 

 (ii) The Collateral Agent shall execute and deliver to each Grantor, or cause to
be executed and delivered to each Grantor, all such proxies, powers of attorney and other instruments as each Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is
entitled to exercise pursuant to subparagraph (i) above. 
 (iii) Each Grantor shall be entitled to receive and retain
any and all dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Securities to the extent and only to the extent that such dividends, interest, principal and other distributions are permitted by,
and otherwise paid or distributed in accordance with, the terms and conditions of the Credit Agreement, the other Loan Documents and applicable Laws; provided that any noncash dividends, interest, principal or other distributions that would
constitute Pledged Equity or Pledged Debt, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Securities or received in exchange for Pledged Securities or any part
thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the Pledged Collateral, and, if received by any
Grantor, shall not be commingled by such Grantor with any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust for the benefit of the Collateral Agent and the Secured Parties and shall be forthwith
delivered to the Collateral Agent in the same form as so received (with any necessary endorsement reasonably requested by the Collateral Agent). 

(b) Upon the occurrence and during the continuance of an Event of Default, after the Collateral Agent shall have notified the Borrower of the
suspension of the rights of the Grantors under paragraph (a)(iii) of this Section 2.06, then all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor is authorized to receive pursuant to paragraph
(a)(iii) of this Section 2.06 shall cease, and all such rights shall thereupon become vested in the Collateral Agent, which shall have the sole and exclusive right and authority to receive and retain such dividends, interest, principal or other
distributions. All dividends, interest, principal or other distributions received by any Grantor contrary to the provisions of this Section 2.06 shall be held in trust for the benefit of the Collateral Agent, shall be segregated from other
property or funds of such Grantor and shall be forthwith delivered to the Collateral Agent upon demand in the same form as so received (with any necessary endorsement reasonably requested by the Collateral Agent). Any and all money and other
property paid over to or received by the Collateral Agent pursuant to the provisions of this paragraph (b) shall be retained by the Collateral Agent in an account to be established by the Collateral Agent upon receipt of such money or other
property and shall be applied in accordance with the provisions of Section 4.02. After all Events of Default have been cured or waived, the Collateral Agent shall promptly repay to each Grantor (without interest) all dividends, interest,
principal or other distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) of this Section 2.06 and that remain in such account. 

(c) Upon the occurrence and during the continuance of an Event of Default, after the Collateral Agent shall have notified the Borrower of the
suspension of the rights of the Grantors under paragraph (a)(i) of this Section 2.06, then all rights of any Grantor to exercise the voting and consensual rights and powers it is entitled to exercise pursuant to paragraph (a)(i) of this
Section 2.06, and the obligations of the Collateral Agent under paragraph (a)(ii) of this Section 2.06, shall cease, and all such rights shall thereupon become vested in the Collateral Agent, which shall have the sole and exclusive right
and authority to exercise such voting and consensual rights and powers; provided that, unless otherwise directed by the Required Lenders, the Collateral Agent shall have the right from time to time following and during the continuance of an Event of
Default to permit the Grantors to exercise such rights. After all Events of Default have been cured or waived, each Grantor shall have the exclusive right to exercise the voting and/or consensual rights and powers that such Grantor would otherwise
be entitled to exercise pursuant to the terms of paragraph (a)(i) of this Section 2.06. 
 (d) Any notice given by the Collateral Agent to
the Borrower suspending the rights of the Grantors under paragraph (a) of this Section 2.06 (i) shall be given in writing, (ii) may be given with respect to one or more of the Grantors at the same or different times and
(iii) may suspend the rights of the Grantors under 

  
 5 

 
paragraph (a)(i) or paragraph (a)(iii) of this Section 2.06 in part without suspending all such rights (as specified by the Collateral Agent in its sole and absolute discretion) and without
waiving or otherwise affecting the Collateral Agent’s rights to give additional notices from time to time suspending other rights so long as an Event of Default has occurred and is continuing. 

(e) Each Grantor consents to the grant by each other Grantor of a security interest in all Pledged Collateral to the Collateral Agent and
without limiting the generality of the foregoing consents to the transfer of any Equity Interest constituting an interest in a partnership, limited partnership or limited liability company to the Collateral Agent or its designee following an Event
of Default and to the substitution of the Collateral Agent or its designee as a partner in any partnership or limited partnership or as a member in any limited liability company with all the rights and powers related thereto. 

ARTICLE III 

Security Interests in Other Personal Property 

SECTION 3.01. Security Interest. 

(a) As security for the payment or performance, as the case may be, in full of the Obligations, including each Guaranty, each Grantor hereby
assigns and pledges to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest (the
“Security Interest”) in all right, title or interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the
future may acquire any right, title or interest (collectively, the “Article 9 Collateral”): 
 (i) all
Accounts; 
 (ii) all Chattel Paper; 

(iii) all Commercial Tort Claims listed on Schedule II hereto; 

(iv) all Deposit Accounts; 

(v) all Documents; 

(vi) all Equipment; 

(vii) all General Intangibles; 

(viii) all Instruments; 

(ix) all Inventory; 

(x) all Investment Property;; 

(xi) all books and records pertaining to the Article 9 Collateral; and 

(xii) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all supporting
obligations, collateral security and guarantees given by any Person with respect to any of the foregoing; 
 provided that notwithstanding anything
to the contrary in this Agreement, this Agreement shall not constitute a grant of a security interest in (A) any Securitization Assets, (B) motor vehicles and other assets subject to certificates of title, (C) more than 65% of the
issued and outstanding voting Equity Interests of any material foreign subsidiary that is a direct or indirect subsidiary of Parent, (D) Equity Interests of any Person that is not a direct or indirect, wholly owned Subsidiary of Parent,
(E) any asset with respect to which the Administrative Agent has confirmed in writing to the Borrower its determination that the costs of providing a security interest in 

  
 6 

 
such asset or perfection thereof is excessive in view of the benefits to be obtained by the Lenders, (F) Equity Interests of any foreign subsidiary that is not a material foreign subsidiary
(as reasonably determined by the Administrative Agent), (G) Equity Interests of any subsidiary of a foreign subsidiary that is a direct or indirect subsidiary of Parent, and (H) any lease, license, contract or agreement to which any
Grantor is a party or any of its rights or interests thereunder if and for so long as the grant of such security interest shall constitute or result in (i) the abandonment, invalidation or unenforceability of any right, title or interest of any
Grantor therein or (ii) in a breach, default or termination pursuant to the terms thereof, other than to the extent that any such term would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor
provision or provisions) of any relevant jurisdiction or any other applicable law or principles of equity); provided however that the Collateral shall include such lease, license, contract or agreement (and such security interest shall attach)
immediately at such time as the condition causing such abandonment, invalidation or unenforceability shall be remedied and to the extent severable, shall attach immediately to any portion of such lease, license, contract or agreement that does not
result in any of the consequences specified in (i) or (ii) above; provided further that the exclusions referred to in clause (H) shall not include any Proceeds of any such lease, license, contract or agreement. Each Grantor shall, if
requested to do so by the Administrative Agent, use commercially reasonable efforts to obtain any such required consent that is reasonably obtainable with respect to Collateral which the Administrative Agent reasonably determines to be material.

 (b) Each Grantor hereby irrevocably authorizes the Collateral Agent for the benefit of the Secured Parties at any time and from time to
time to file in any relevant jurisdiction any initial financing statements (including fixture filings) with respect to the Article 9 Collateral or any part thereof and amendments thereto that (i) indicate the Collateral as all assets of such
Grantor or words of similar effect as being of an equal or lesser scope or with greater detail, and (ii) contain the information required by Article 9 of the Uniform Commercial Code or the analogous legislation of each applicable jurisdiction
for the filing of any financing statement or amendment, including (A) whether such Grantor is an organization, the type of organization and any organizational identification number issued to such Grantor and (B) in the case of a financing
statement filed as a fixture filing, a sufficient description of the real property to which such Article 9 Collateral relates. Each Grantor agrees to provide such information to the Collateral Agent promptly upon request. 

(c) The Security Interest is granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or in any way
alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Article 9 Collateral. 
 (d)
Notwithstanding anything to the contrary in this Agreement or the Credit Agreement, none of the Grantors shall be required to enter into any deposit account control agreement or securities account control agreement with respect to any deposit
account or securities account. 
 SECTION 3.02. Representations and Warranties. Parent represents and warrants, as to itself and the
other Grantors, to the Collateral Agent and the Secured Parties that: 
 (a) Each Grantor has good and valid rights in and title to the
Article 9 Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Collateral Agent the Security Interest in such Article 9 Collateral pursuant hereto and to execute,
deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval that has been obtained. 

(b) The Perfection Certificate has been duly prepared, completed and executed and the information set forth therein, including the exact legal
name of each Grantor, is correct and complete in all material respects as of the Amendment Effective Date. The UCC financing statements (including fixture filings, as applicable) or other appropriate filings, recordings or registrations prepared by
the Collateral Agent based upon the information provided to the Collateral Agent in the Perfection Certificate for filing in each governmental, municipal or other office specified in Schedule 6 to the Perfection Certificate (or specified by notice
from Parent to the Collateral Agent after the Amendment Effective Date in the case of filings, recordings or registrations required by 

  
 7 

 
Section 6.11 of the Credit Agreement), are all the filings, recordings and registrations that are necessary to establish a legal, valid and perfected security interest in favor of the
Collateral Agent (for the benefit of the Secured Parties) in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or registration in the United States (or any political subdivision thereof) and its
territories and possessions, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction, except as provided under applicable law with respect to the filing of
continuation statements. 
 (c) The Security Interest constitutes (i) a legal and valid security interest in all the Article 9
Collateral securing the payment and performance of the Obligations and (ii) subject to the filings described in Section 3.02(b), a perfected security interest in all Article 9 Collateral in which a security interest may be perfected by
filing, recording or registering a financing statement or analogous document in the United States (or any political subdivision thereof) and its territories and possessions pursuant to the Uniform Commercial Code in the relevant jurisdiction. The
Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral, other than (i) any nonconsensual Lien that is expressly permitted pursuant to Section 7.01 of the Credit Agreement and has priority as a matter
of law and (ii) Liens expressly permitted pursuant to Section 7.01 of the Credit Agreement. 
 (d) The Article 9 Collateral is
owned by the Grantors free and clear of any Lien, except for Liens expressly permitted pursuant to Section 7.01 of the Credit Agreement. None of the Grantors has filed or consented to the filing of (i) any financing statement or analogous
document under the New York UCC or any other applicable laws covering any Article 9 Collateral or (ii) any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9
Collateral with any foreign governmental, municipal or other office, which financing statement or analogous document, assignment, security agreement or similar instrument is still in effect, except, in each case, for Liens expressly permitted
pursuant to Section 7.01 of the Credit Agreement. 
 SECTION 3.03. Covenants. 

(a) The Borrower agrees promptly to notify the Collateral Agent in writing of any change (i) in legal name of any Grantor, (ii) in
the identity or type of organization or corporate structure of any Grantor, or (iii) in the jurisdiction of organization of any Grantor. 

(b) Each Grantor shall, at its own expense, take any and all commercially reasonable actions necessary to defend title to the Article 9
Collateral and the Pledged Collateral against all Persons and to defend the Security Interest of the Collateral Agent in the Article 9 Collateral and the Pledged Collateral and the priority thereof against any Lien not expressly permitted pursuant
to Section 7.01 of the Credit Agreement. 
 (c) Each year, at the time of delivery of annual financial statements with respect to the
preceding fiscal year pursuant to Section 6.01 of the Credit Agreement, the Borrower shall deliver to the Collateral Agent a certificate executed by the chief financial officer and the chief legal officer of the Borrower setting forth the
information required pursuant to Sections 1(a), 1(c), 1(d), 2(b) and 12 of the Perfection Certificate or confirming that there has been no change in such information since the date of such certificate or the date of the most recent certificate
delivered pursuant to this Section 3.03(c) and certifying that all UCC financing statements and other appropriate filings, recordings or registrations have been filed of record in each governmental, municipal or other appropriate office in each
jurisdiction necessary to protect and perfect the Security Interests and Liens under this Agreement and the Intellectual Property Security Agreement for a period of not less than 18 months after the date of such certificate (except as noted therein
with respect to any continuation statements to be filed within such period). 
 (d) Parent agrees, on its own behalf and on behalf of each
other Grantor, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such further instruments and documents and take all such actions as the Collateral Agent may from time to time reasonably request to better assure,
preserve, protect and perfect the Security Interest and the rights and remedies created hereby, including the payment of any fees and 

  
 8 

 
taxes required in connection with the execution and delivery of this Agreement, the granting of the Security Interest and the filing of any financing statements (including fixture filings) or
other documents in connection herewith or therewith. If any amount payable under or in connection with any of the Article 9 Collateral that is in excess of $10,000,000 shall be or become evidenced by any promissory note or other instrument, such
note or instrument shall be promptly pledged and delivered to the Collateral Agent, for the benefit of the Secured Parties, duly endorsed in a manner reasonably satisfactory to the Collateral Agent. 

(e) At its option, the Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other
encumbrances at any time levied or placed on the Article 9 Collateral and the Pledged Collateral and not permitted pursuant to Section 7.01 of the Credit Agreement, and may pay for the maintenance and preservation of the Article 9 Collateral
and the Pledged Collateral to the extent any Grantor fails to do so as required by the Credit Agreement or this Agreement and within a reasonable period of time after the Collateral Agent has requested that it do so, and each Grantor jointly and
severally agrees to reimburse the Collateral Agent within 10 days after demand for any payment made or any reasonable expense incurred by the Collateral Agent pursuant to the foregoing authorization. Nothing in this paragraph shall be interpreted as
excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, Liens,
security interests or other encumbrances and maintenance as set forth herein, in the other Loan Documents. 
 (f) If at any time any Grantor
shall take a security interest in any property of an Account Debtor or any other Person, the value of which is in excess of $10,000,000, to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to
the Collateral Agent for the benefit of the Secured Parties. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor
or other Person granting the security interest. 
 (g) Each Grantor (rather than the Collateral Agent or any Secured Party) shall remain
liable (as between itself and any relevant counterparty) to observe and perform all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Article 9 Collateral, all in
accordance with the terms and conditions thereof, and each Grantor jointly and severally agrees to indemnify and hold harmless the Collateral Agent and the Secured Parties from and against any and all liability for such performance. 

(h) If any Grantor shall at any time hold or acquire a Commercial Tort Claim with a value in excess of $10,000,000, such Grantor shall
promptly notify the Collateral Agent in writing signed by such Grantor of the brief details thereof and grant to the Collateral Agent a security interest therein and in the Proceeds thereof, all upon the terms of this Agreement pursuant to a
document in form and substance reasonably satisfactory to the Collateral Agent. 
 SECTION 3.04. Other Actions. In order to further
insure the attachment, perfection and priority of, and the ability of the Collateral Agent to enforce, the Security Interest, each Grantor agrees, in each case at such Grantor’s own expense, to take the following actions with respect to the
following Article 9 Collateral: 
 (a) Instruments. If any Grantor shall at any time hold or acquire any Instruments constituting
Collateral and evidencing an amount in excess of $10,000,000, such Grantor shall forthwith endorse, assign and deliver the same to the Collateral Agent for the benefit of the Secured Parties, accompanied by such instruments of transfer or assignment
duly executed in blank as the Collateral Agent may from time to time reasonably request. 
 (b) Investment Property. Except to the
extent otherwise provided in Article II, if any Grantor shall at any time hold or acquire any certificated securities, such Grantor shall forthwith endorse, assign and deliver the same to the Collateral Agent for the benefit of the Secured Parties,
accompanied by such instruments of transfer or assignment duly executed in blank as the Collateral Agent may from time to time reasonably request. If any securities, whether certificated or uncertificated, or other investment property are held by
any Grantor or its 

  
 9 

 
nominee through a securities intermediary or commodity intermediary, upon the Collateral Agent’s request, such Grantor shall immediately notify the Collateral Agent thereof and at the
Collateral Agent’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to the Collateral Agent shall either (i) cause such securities intermediary or (as the case may be) commodity intermediary to
agree to comply with entitlement orders or other instructions from the Collateral Agent to such securities intermediary as to such security entitlements, or (as the case may be) to apply any value distributed on account of any commodity contract as
directed by the Collateral Agent to such commodity intermediary, in each case without further consent of any Grantor or such nominee, or (ii) in the case of financial assets or other Investment Property held through a securities intermediary,
arrange for the Collateral Agent to become the entitlement holder with respect to such Investment Property, with the Grantor being permitted, only with the consent of the Collateral Agent, to exercise rights to withdraw or otherwise deal with such
Investment Property. The Collateral Agent agrees with each of the Grantors that the Collateral Agent shall not give any such entitlement orders or instructions or directions to any such issuer, securities intermediary or commodity intermediary, and
shall not withhold its consent to the exercise of any withdrawal or dealing rights by any Grantor, unless an Event of Default has occurred and is continuing. 

ARTICLE IV 
 Remedies

 SECTION 4.01. Remedies upon Default. Upon the occurrence and during the continuance of an Event of Default, it is agreed
that the Collateral Agent shall have the right to exercise any and all rights afforded to a secured party with respect to the Obligations under the Uniform Commercial Code or other applicable law and also may (i) require each Grantor to, and
each Grantor agrees that it will at its expense and upon request of the Collateral Agent forthwith, assemble all or part of the Collateral as directed by the Collateral Agent and make it available to the Collateral Agent at a place and time to be
designated by the Collateral Agent that is reasonably convenient to both parties; (ii) occupy any premises owned or, to the extent lawful and permitted, leased by any of the Grantors where the Collateral or any part thereof is assembled or
located for a reasonable period in order to effectuate its rights and remedies hereunder or under law, without obligation to such Grantor in respect of such occupation; provided that the Collateral Agent shall provide the applicable Grantor
with notice thereof prior to or promptly after such occupancy; (iii) exercise any and all rights and remedies of any of the Grantors under or in connection with the Collateral, or otherwise in respect of the Collateral; provided that the
Collateral Agent shall provide the applicable Grantor with notice thereof prior to or promptly after such exercise; and (iv) subject to the mandatory requirements of applicable law and the notice requirements described below, sell or otherwise
dispose of all or any part of the Collateral securing the Obligations at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Collateral Agent shall deem
appropriate. The Collateral Agent shall be authorized at any such sale of securities (if it deems it advisable to do so) to restrict the prospective bidders or purchasers to Persons who will represent and agree that they are purchasing the
Collateral for their own account for investment and not with a view to the distribution or sale thereof, and upon consummation of any such sale the Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers
thereof the Collateral so sold. Each such purchaser at any sale of Collateral shall hold the property sold absolutely, free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all
rights of redemption, stay and appraisal which such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. 

The Collateral Agent shall give the applicable Grantors 10 days’ written notice (which each Grantor agrees is reasonable notice within
the meaning of Section 9-611 of the New York UCC or its equivalent in other jurisdictions) of the Collateral Agent’s intention to make any sale of Collateral. Such notice, in the case of a public sale, shall state the time and place for
such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the Collateral, or portion thereof, will first be offered for sale at
such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Collateral Agent 

  
 10 

 
may fix and state in the notice (if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the
Collateral Agent may (in its sole and absolute discretion) determine. The Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral
shall have been given. The Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without
further notice, be made at the time and place to which the same was so adjourned. In case any sale of all or any part of the Collateral is made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until
the sale price is paid by the purchaser or purchasers thereof, but the Collateral Agent shall not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure,
such Collateral may be sold again upon like notice. At any public (or, to the extent permitted by law, private) sale made pursuant to this Agreement, any Secured Party may bid for or purchase, free (to the extent permitted by law) from any right of
redemption, stay, valuation or appraisal on the part of any Grantor (all said rights being also hereby waived and released to the extent permitted by law), the Collateral or any part thereof offered for sale and may make payment on account thereof
by using any claim then due and payable to such Secured Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further
accountability to any Grantor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Collateral Agent shall be free to carry out such sale pursuant to such
agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Collateral Agent shall have entered into such an agreement all Events of Default shall have
been remedied and the Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the
Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court appointed receiver. Any sale pursuant to the provisions of this Section 4.01 shall be
deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the New York UCC or its equivalent in other jurisdictions. 

Each Grantor irrevocably makes, constitutes and appoints the Collateral Agent (and all officers, employees or agents designated by the
Collateral Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) during the continuance of an Event of Default and after notice to the Borrower of its intent to exercise such rights, for the purpose of (i) making, settling
and adjusting claims in respect of Article 9 Collateral under policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance, (ii) making all
determinations and decisions with respect thereto and (iii) obtaining or maintaining the policies of insurance required by Section 6.07 of the Credit Agreement or paying any premium in whole or in part relating thereto. All sums disbursed
by the Collateral Agent in connection with this paragraph, including reasonable attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, within 10 days of demand, by the Grantors to the Collateral Agent and
shall be additional Obligations secured hereby. 
 SECTION 4.02. Application of Proceeds. 

(a) The Collateral Agent shall apply the proceeds of any collection or sale of Collateral, including any Collateral consisting of cash, in
accordance with Section 8.04 of the Credit Agreement. 
 The Collateral Agent shall have absolute discretion as to the time of application of any such
proceeds, moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the Collateral Agent or of
the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the
Collateral Agent or such officer or be answerable in any way for the misapplication thereof. 

  
 11 

 (b) In making the determinations and allocations required by this Section 4.02, the
Collateral Agent may conclusively rely upon information supplied by the Administrative Agent as to the amounts of unpaid principal and interest and other amounts outstanding with respect to the Obligations, and the Collateral Agent shall have no
liability to any of the Secured Parties for actions taken in reliance on such information, provided that nothing in this sentence shall prevent any Grantor from contesting any amounts claimed by any Secured Party in any information so
supplied. All distributions made by the Collateral Agent pursuant to this Section 4.02 shall be (subject to any decree of any court of competent jurisdiction) final (absent manifest error), and the Collateral Agent shall have no duty to inquire
as to the application by the Administrative Agent of any amounts distributed to it. 
 ARTICLE V 

Indemnity, Subrogation and Subordination 

SECTION 5.01. Indemnity. In addition to all such rights of indemnity and subrogation as the Grantors may have under applicable law (but
subject to Section 5.03), the Borrower agrees that, in the event any assets of any Grantor shall be sold pursuant to this Agreement or any other Collateral Document to satisfy in whole or in part an Obligation owed to any Secured Party, the
Borrower shall indemnify such Grantor in an amount equal to the greater of the book value or the fair market value of the assets so sold. 

SECTION 5.02. Contribution and Subrogation. Each Grantor (a “Contributing Party”) agrees (subject to
Section 5.03) that, in the event assets of any other Grantor shall be sold pursuant to any Collateral Document to satisfy any Obligation owed to any Secured Party, and such other Grantor (the “Claiming Party”) shall not have
been fully indemnified by the Borrower as provided in Section 5.01, the Contributing Party shall indemnify the Claiming Party in an amount equal to the greater of the book value or the fair market value of such assets, 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 Grantor becoming a party hereto pursuant to Section 6.14, the date of the Parent Security Agreement Supplement hereto executed and delivered by such Grantor). Any Contributing Party making any payment to a
Claiming Party pursuant to this Section 5.02 shall be subrogated to the rights of such Claiming Party to the extent of such payment. 

SECTION 5.03. Subordination. 

(a) Notwithstanding any provision of this Agreement to the contrary, all rights of the Grantors under Sections 5.01 and 5.02 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. No failure on the part of the Borrower or any Grantor to make the payments
required by Sections 5.01 and 5.02 (or any other payments required under applicable law or otherwise) shall in any respect limit the obligations and liabilities of any Grantor with respect to its obligations hereunder, and each Grantor shall remain
liable for the full amount of the obligations of such Grantor hereunder. 
 (b) Each Grantor 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. 

  
 12 

 ARTICLE VI 

Miscellaneous 

SECTION 6.01. 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 Grantor shall be given to it in care of the Borrower as provided in Section 10.02 of the Credit Agreement. 

SECTION 6.02. Waivers; Amendment. 

(a) No failure or delay by the Collateral 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 Collateral 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 Grantor therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 6.02, 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 Collateral 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 Grantor in any case shall entitle any Grantor 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 Collateral Agent and the Grantor or Grantors 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 6.03. Collateral Agent’s Fees and Expenses. 

(a) The parties hereto agree that the Collateral Agent shall be entitled to reimbursement of its expenses incurred hereunder as provided in
Section 10.04 of the Credit Agreement. Without limitation of its indemnification obligations under the other Loan Documents, the Borrower agrees to indemnify the Collateral 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 agreement or
instrument contemplated hereby, or to the Collateral, 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 liabilities, obligations, losses,
damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements resulted from the gross negligence or willful misconduct of such Indemnitee or of any Affiliate, director, officer, employee, counsel, agent or
attorney-in-fact of such Indemnitee. 
 (b) Any such amounts payable as provided hereunder shall be additional Obligations secured hereby
and by the other Collateral Documents. The provisions of this Section 6.03 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 Collateral Agent or any other
Secured Party. All amounts due under this Section 6.03 shall be payable within 10 days of written demand therefor. 

  
 13 

 SECTION 6.04. 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 Grantor or the Collateral Agent that are contained in this Agreement
shall bind and inure to the benefit of their respective successors and assigns. 
 SECTION 6.05. Survival of Agreement. All
covenants, agreements, representations and warranties made by the Grantors 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 Collateral 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 6.06. 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 Grantor when a counterpart hereof executed on behalf of such Grantor shall have been delivered to the
Collateral Agent and a counterpart hereof shall have been executed on behalf of the Collateral Agent, and thereafter shall be binding upon such Grantor and the Collateral Agent and their respective permitted successors and assigns, and shall inure
to the benefit of such Grantor, the Collateral Agent and the other Secured Parties and their respective successors and assigns, except that no Grantor shall have the right to assign or transfer its rights or obligations hereunder or any interest
herein or in the Collateral (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 Grantor and
may be amended, modified, supplemented, waived or released with respect to any Grantor without the approval of any other Grantor and without affecting the obligations of any other Grantor hereunder. 

SECTION 6.07. 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 6.08. 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 and each L/C Issuer and its Affiliates is authorized at any time and from time
to time, without prior notice to Parent, the Borrower or any other Grantor, any such notice being waived by Parent, the Borrower (on its own behalf and on behalf of each Grantor and its Subsidiaries) 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 or such L/C Issuer and its Affiliates, as the
case may be, to or for the credit or the account of the respective Grantors and their Subsidiaries against any and all Obligations owing to such Lender and its Affiliates or such L/C Issuer and its Affiliates hereunder or under any other Loan
Document, now or hereafter existing, irrespective of whether or not such Agent or such Lender or Affiliate shall have made demand under this Agreement or any other Loan Document 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 and L/C Issuer agrees promptly to notify the Borrower and the Administrative Agent after any such set off and application made by such Lender or L/C
Issuer, as the case may 

  
 14 

 
be; provided, that the failure to give such notice shall not affect the validity of such setoff and application. The rights of the Administrative Agent, each Lender and each L/C Issuer
under this Section 6.08 are in addition to other rights and remedies (including other rights of setoff) that the Administrative Agent, such Lender and such L/C Issuer may have. 

SECTION 6.09. Governing Law; Jurisdiction; Consent to Service of Process. 

(a) This Agreement shall be construed in accordance with and governed by the law of the State of New York. 

(b) Each of the Grantors 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 of 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 Collateral 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 Grantor or its properties in the courts of any jurisdiction. 
 (c) Each
of the Grantors 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 6.09. 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 6.01. 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 6.10. 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 6.10. 

SECTION 6.11. 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 6.12. Security Interest Absolute. All rights of the Collateral Agent hereunder, the Security Interest, the grant of a security
interest in the Pledged Collateral and all obligations of each Grantor 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 

  
 15 

 
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 or any other agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other collateral, or any release or
amendment or waiver of or consent under or departure from any guarantee, securing or 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 Grantor
in respect of the Obligations or this Agreement. 
 SECTION 6.13. Termination or Release. 

(a) This Agreement, the Security Interest and all other security interests granted hereby shall terminate with respect to all Obligations
(other than (x) obligations under Secured Hedge Agreements not yet due and payable, (y) Cash Management Obligations not yet due and payable and (z) contingent indemnification obligations not yet accrued and payable) 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 Grantor shall automatically be released from its obligations hereunder and the Security
Interest in the Collateral of such Grantor shall be automatically released upon the consummation of any transaction permitted by the Credit Agreement as a result of which such Grantor 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) Upon any sale or other transfer by any Grantor of any Collateral that is permitted under the Credit Agreement, or upon the effectiveness
of any written consent to the release of the security interest granted hereby in any Collateral pursuant to Section 10.01 of the Credit Agreement, the security interest of such Grantor in such Collateral shall be automatically released. 

(d) [Reserved] 
 (e) In
connection with any termination or release pursuant to paragraph (a), (b) or (c) of this Section 6.13, the Collateral Agent shall execute and deliver to any Grantor, at such Grantor’s expense, all documents that such Grantor
shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 6.13 shall be without recourse to or warranty by the Collateral Agent. 

SECTION 6.14. Additional Grantors. 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 Grantor upon becoming an Intermediate Parent Company. Upon execution and delivery by the Collateral Agent and an Intermediate Parent Company, of a Parent
Security Agreement Supplement, such Intermediate Parent Company shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any such instrument shall not require the
consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 

SECTION 6.15. Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby appoints the Collateral Agent the attorney-in-fact of
such Grantor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that the Collateral Agent may deem necessary or advisable to accomplish the purposes hereof at any time after and during
the continuance of an Event of Default, which appointment is irrevocable (until termination of the Credit Agreement) and coupled with an interest. Without limiting the generality of the foregoing, the Collateral Agent shall have the right, upon the
occurrence and during the continuance of an Event of Default and notice by the Collateral Agent to the Borrower of its intent to exercise such rights, with full power of substitution either in the Collateral Agent’s name or in the name of such
Grantor 

  
 16 

 
(a) to receive, endorse, assign and/or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or any part thereof;
(b) to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral; (c) to sign the name of any Grantor on any invoice or bill of lading relating to any of the Collateral;
(d) to send verifications of Accounts Receivable to any Account Debtor; (e) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or otherwise realize on
all or any of the Collateral or to enforce any rights in respect of any Collateral; (f) to settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any of the Collateral; (g) to notify, or to
require any Grantor to notify, Account Debtors to make payment directly to the Collateral Agent; and (h) to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral, and to do
all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the Collateral Agent were the absolute owner of the Collateral for all purposes; provided that nothing herein contained shall
be construed as requiring or obligating the Collateral Agent to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Collateral Agent, or to present or file any claim or notice, or to take any
action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered thereby. The Collateral Agent and the other Secured Parties shall be accountable only for amounts actually
received as a result of the exercise of the powers granted to them herein, and neither they nor their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross
negligence or wilful misconduct or that of any of their Affiliates, directors, officers, employees, counsel, agents or attorneys-in-fact. 

SECTION 6.16. General Authority of the Collateral Agent. By acceptance of the benefits of this Agreement and any other Collateral
Documents, each Secured Party (whether or not a signatory hereto) shall be deemed irrevocably (a) to consent to the appointment of the Collateral Agent as its agent hereunder and under such other Collateral Documents, (b) to confirm that
the Collateral Agent shall have the authority to act as the exclusive agent of such Secured Party for the enforcement of any provisions of this Agreement and such other Collateral Documents against any Grantor, the exercise of remedies hereunder or
thereunder and the giving or withholding of any consent or approval hereunder or thereunder relating to any Collateral or any Grantor’s obligations with respect thereto, (c) to agree that it shall not take any action to enforce any
provisions of this Agreement or any other Collateral Document against any Grantor, to exercise any remedy hereunder or thereunder or to give any consents or approvals hereunder or thereunder except as expressly provided in this Agreement or any
other Collateral Document and (d) to agree to be bound by the terms of this Agreement and any other Collateral Documents. 

  
 17 

 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 Security Agreement] 

 
					
	 BARCLAYS BANK PLC,
 as
Collateral Agent

			
		 	By:	 	   /s/ Diane Rolfe

		 		 	  Name: Diane Rolfe
		 		 	  Title:   Director

  
 [Parent Security Agreement] 

 SCHEDULE I TO 

THE PARENT SECURITY AGREEMENT 

EQUITY INTERESTS 
  

									
	
                Issuer    
            
	 	 Number of

            Certificate  
          
	 	 Registered

            Owner   
         
	 	 Number and

Class of

        Equity Interests    
    
	 	
Percentage of
    Equity Interests    

	Peak Finance
 Holdings LLC
	 	Uncertificated	 	Pinnacle Foods
Inc.	 	N/A	 	100%
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 DEBT SECURITIES 
  

							
	
                Issuer    
            
	 	        Principal Amount        	 	        Date of Note        	 	        Maturity Date        
	None.                        	 		 		 	
		 		 		 	

  
 Schedule I-1 

 SCHEDULE II TO 

THE PARENT SECURITY AGREEMENT 

COMMERCIAL TORT CLAIMS 
 None. 

  
 Schedule II-1 

 EXHIBIT I TO THE 

PARENT SECURITY AGREEMENT 

SUPPLEMENT NO.                     , dated
as of [                    ], to the Parent Security Agreement, dated as of April 29, 2013, among PINNACLE FOODS INC., a Delaware corporation
(“Parent”), certain subsidiaries of Parent from time to time party hereto and BARCLAYS BANK PLC (“Barclays”), as Collateral Agent for the Secured Parties. 

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, 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 Security Agreement referred to therein. 

C. The Grantors have entered into the Parent Security Agreement in order to induce the Lenders to make Loans and the L/C Issuers to issue
Letters of Credit. Section 6.14 of the Parent Security Agreement provides that Intermediate Parent Companies may become Grantors under the Parent Security Agreement by execution and delivery of an instrument in the form of this Supplement. The
undersigned Intermediate Parent Company (the “New Grantor”) is executing this Supplement in accordance with the requirements of the Credit Agreement to become a Grantor under the Parent Security Agreement 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 Collateral Agent and the New Grantor agree as follows: 

SECTION 1. In accordance with Section 6.14 of the Parent Security Agreement, the New Grantor by its signature below becomes a Grantor
under the Parent Security Agreement with the same force and effect as if originally named therein as a Grantor and the New Grantor hereby (a) agrees to all the terms and provisions of the Parent Security Agreement applicable to it as a Grantor
and Grantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Grantor thereunder are true and correct on and as of the date hereof. In furtherance of the foregoing, the New Grantor, as security
for the payment and performance in full of the Obligations does hereby create and grant to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, their successors and assigns, a security interest in and lien on all
of the New Grantor’s right, title and interest in and to the Collateral (as defined in the Parent Security Agreement) of the New Grantor. Each reference to a “Grantor” in the Parent Security Agreement shall be deemed to include
the New Grantor. The Parent Security Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New Grantor represents and
warrants to the Collateral 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 Collateral Agent shall have received a counterpart of this Supplement that bears the signature of the New Grantor, and the Collateral 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. 

  
 Exhibit 1-1 

 SECTION 4. The New Grantor hereby represents and warrants that (a) set forth on Schedule I
attached hereto is a true and correct schedule of the location of any and all Collateral of the New Grantor and (b) set forth under its signature hereto is the true and correct legal name of the New Grantor, its jurisdiction of formation and
the location of its chief executive office. 
 SECTION 5. Except as expressly supplemented hereby, the Parent Security Agreement shall
remain in full force and effect. 
 SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK. 
 SECTION 7. 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 Security Agreement 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 8. All communications and notices hereunder shall be in writing and given as provided in Section 6.01 of the Parent Security
Agreement. 
 SECTION 9. The New Grantor agrees to reimburse the Collateral 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 Collateral Agent. 
 IN WITNESS
WHEREOF, the New Grantor and the Collateral Agent have duly executed this Supplement to the Parent Security Agreement as of the day and year first above written. 

 

			
	[NAME OF NEW GRANTOR]
		
	        By:	 	  

		 	  Name:
		 	  Title:
	
	Jurisdiction of Formation:
	Address Of Chief Executive Office:
	
	BARCLAYS BANK PLC,
	as Collateral Agent
		
	        By:	 	  

		 	  Name:
		 	  Title:

  
 Exhibit 1-2 

 SCHEDULE I 

TO SUPPLEMENT NO      TO THE 

PARENT SECURITY AGREEMENT 
 LOCATION
OF COLLATERAL 
  

			
	 Description
	 	 Location

		 	
		 	
		 	
		 	

 EQUITY INTERESTS 
  

									
	 Issuer
	 	 Number of

Certificate
	 	 Registered

Owner
	 	 Number and

Class of

Equity Interests
	 	 Percentage of
Equity Interests

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

 DEBT SECURITIES 
  

							
	 Issuer
	 	 Principal Amount
	 	 Date of Note
	 	 Maturity Date

		 		 		 	
		 		 		 	
		 		 		 	

  
 Schedule I-1EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 2 TO AGREEMENT AND PLAN OF MERGER 

This Amendment No. 2 to Agreement and Plan of Merger (this “Second Amendment”) is made and entered into as of
October 1, 2013 by and among Calavo Growers, Inc., a California corporation (“Calavo”), Renaissance Food Group, LLC, a Delaware limited liability company (“RFG”), Liberty Fresh Foods, LLC, Kenneth J. Catchot,
James S. Catchot, James Gibson, Cut Fruit, LLC, Jose O. Castillo, Donald L. Johnson and the RFG Nominee Trust (the “Trust”). Liberty Fresh Foods, LLC, Kenneth J. Catchot, James S. Catchot, James Gibson, Cut Fruit, LLC, Jose O.
Castillo, Donald L. Johnson and the Trust collectively are referred to in this Second Amendment as the “Sellers” and individually as a “Seller.” 

RECITALS 
 A. Calavo, RFG and the
Sellers are parties to an Agreement and Plan of Merger dated as of May 25, 2011 (the “Merger Agreement”) pursuant to which, among other things, Calavo acquired RFG from the Sellers and Calavo agreed to make Earn-Out Payments to
the Sellers upon the satisfaction of certain performance requirements specified in the Merger Agreement. 
 B. Section 2.12 of the
Merger Agreement states that, upon the attainment of the Stage 2 Maximum Earn-Out Trigger prior to the end of the Earn-Out Period, Calavo is obligated to pay the Stage 2 Maximum Earn-Out Consideration to the Sellers. Section 2.12(c) of the
Merger Agreement states that “[t]he Stage 2 Maximum Earn-Out Consideration shall be $5,000,000 in cash and 827,000 Merger Shares.” 

C. Pursuant to Amendment No. 1 to Agreement and Plan of Merger dated as of July 31, 2013 (the “First Amendment”),
Calavo, RFG and the Sellers amended the Merger Agreement to provide, among other things, that: (1) Calavo would issue shares of its common stock, par value $0.001 per share (“Common Stock”), with a value of $5,000,000 to the
Trust, for the benefit of the Sellers, as part of the Stage 2 Maximum Earn-Out Consideration instead of delivering $5,000,000 of cash to the Sellers; (2) the Sellers would receive specified price protection from Calavo with respect to the
Trust’s sale of such Common Stock; and (3) Calavo would file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-3 covering the public resale of such Common Stock by the Trust during
the period specified in the First Amendment. 
 D. Section 2.13 of the Merger Agreement states that, upon the attainment of the Stage 3
Maximum Earn-Out Trigger or the Stage 3 Scale Earn-Out Trigger, as applicable, Calavo shall be obligated to make a Stage 3 Earn-Out Payment to the Sellers consisting of either the Stage 3 Maximum Earn-Out Consideration or the Stage 3 Scale Earn-Out
Consideration, each of which shall consist of a specified amount of cash and a specified number of Merger Shares. 
 E. Calavo, RFG and the
Sellers desire to amend the Merger Agreement by this Second Amendment to provide, among other things, that: (1) with respect to the portion of the Stage 3 Maximum Earn-Out Consideration or the Stage 3 Scale Earn-Out Consideration, as
applicable, that is currently required by the Merger Agreement to be delivered in cash to the Sellers, Calavo shall be given the right to elect to deliver all or a portion of such cash amount in newly issued shares of Common Stock to the Trust, for
the benefit of the Sellers; (2) the Sellers shall receive specified price protection from Calavo with respect to the Trust’s sale of shares of Common Stock on the Nasdaq Stock Market, up to the total number of shares of Common Stock issued
to the Trust pursuant to this Second Amendment; and (3) Calavo shall file with the SEC a Registration Statement on Form S-3 

 
(the “Registration Statement”) which shall cover the Trust’s resale on the Nasdaq Stock Market of the shares of Common Stock issued pursuant to this Second Amendment for
sales that occur during the period specified in this Second Amendment. 
 NOW, THEREFORE, in consideration of the foregoing and other good
and valuable consideration and the provisions set forth below, Calavo, RFG and the Sellers hereby agree as follows: 
 1. Defined
Terms. Except as expressly defined in this Second Amendment, capitalized terms used in this Second Amendment shall have the meanings ascribed to them in the Merger Agreement. 

2. Calavo’s Option to Issue Common Stock Instead of Cash in the Stage 3 Earn-Out Payment. 

a. Section 2.13(c) of the Merger Agreement hereby is amended to read in its entirety as follows: 

“(c) The “Stage 3 Maximum Earn-Out Consideration” shall consist of (1) 434,783 Merger Shares and
(2) $50,000,000, which amount of $50,000,000 shall be paid, at Calavo’s election, (a) entirely in cash, (b) entirely in an additional number of Merger Shares having a value of $50,000,000, or (c) partially in cash and
partially in an additional number of Merger Shares, with such cash and additional Merger Shares to have a combined value of $50,000,000. An Amendment No. 2 to Agreement and Plan of Merger made and entered into as of October 1, 2013 (the
“Second Amendment”) among the Parties sets forth terms governing the valuation of such additional Merger Shares, if any, that Calavo elects to issue and related matters pertaining to such additional Merger Shares.” 

b. The next-to-last sentence of Section 2.13(f) of the Merger Agreement hereby is amended to read in its entirety as follows: 

“The Stage 3 Scale Earn-Out Consideration shall be payable (1) $10,000,000 in Merger Shares, valued at the Merger Shares Value, and
(2) the remainder in cash, provided, however, that instead of paying such cash component of the Stage 3 Scale Earn-Out Consideration entirely in cash, Calavo is entitled to elect to pay such amount (a) entirely in an additional number of
Merger Shares having a value equal to the cash that Calavo is otherwise required to deliver as the cash component of the Stage 3 Scale Earn-Out Consideration or (b) partially in cash and partially in an additional number of Merger Shares, with
such cash and additional Merger Shares to have a combined value equal to the amount of cash that Calavo is otherwise required to deliver as the cash component of the Stage 3 Scale Earn-Out Consideration. Such additional Merger Shares, if any, that
Calavo elects to issue in lieu of part or all of the cash component of the Stage 3 Scale Earn-Out Consideration shall be valued in accordance with the terms of the Second Amendment.” 

  
 2 

 3. Determination of the Number of Additional Shares to be Issued by Calavo. 

a. The additional Merger Shares, if any, to be issued by Calavo instead of cash pursuant to Section 2 of this Second Amendment and amended
Section 2.13(c)(2) and Section 2.13(f)(2) of the Merger Agreement are referred to in this Second Amendment as the “Additional Shares.” Within 10 days after the delivery of the Earn-Out Statement showing that the Stage 3
Maximum Earn-Out Trigger or the Stage 3 Scale Earn-Out Trigger has been met or, if such Earn-Out Payment is subject to dispute, within 10 days after the resolution of any such dispute, Calavo shall advise the Trust of the portion, if any, of the
Stage 3 Maximum Earn-Out Consideration or the Stage 3 Scale Earn-Out Consideration, as applicable, that Calavo has elected to pay in Additional Shares rather than in cash. 

b. The Additional Shares (and the First-Stage Price Protection Shares, Second-Stage Price Protection Shares and Section 7.h Shares
described below in Sections 4, 5 and 7) constitute “Merger Shares,” as defined in Section 1.1 of the Merger Agreement, for purposes of the Merger Agreement. 

c. As provided in Section 2.16 of the Merger Agreement, within 30 days after the delivery of the Earn-Out Statement showing that the
Stage 3 Maximum Earn-Out Trigger or the Stage 3 Scale Earn-Out Trigger has been met or, if such Earn-Out Payment is subject to dispute, within 30 days after the resolution of any such dispute, Calavo shall cause its transfer agent to issue a stock
certificate in the name of the Trust, and to be delivered to the Trust, to evidence the Additional Shares, if any, that Calavo has elected to issue instead of making a cash payment. However, Calavo is entitled to elect in its sole discretion to
instead issue the Additional Shares to the Trust in book entry form by providing appropriate instructions to its transfer agent. Any portion of the Stage 3 Maximum Earn-Out Consideration or Stage 3 Scale Earn-Out Consideration that Calavo has not
elected to pay in Additional Shares will instead be paid in cash by Calavo to the Trust, in the form of a wire transfer to the Trust in accordance with the written delivery instructions of the Trust, by the 30th day described in the first sentence
of this paragraph. 
 d. The total number of Additional Shares required to be issued by Calavo shall be determined by dividing (1) the
cash amount of the Stage 3 Maximum Earn-Out Consideration or the Stage 3 Scale Earn-Out Consideration, as applicable, that Calavo has elected to pay in Additional Shares rather than in cash by (2) the closing price of the Common Stock on the
Nasdaq Stock Market on the last business day preceding the date that Calavo sends stock issuance instructions for the Additional Shares to its transfer agent (such closing price being referred to in this Second Amendment as the “Earn-Out
Valuation Price”). If the Common Stock is traded primarily on another stock exchange as of such date, then references in this Second Amendment to the Nasdaq Stock Market shall instead be deemed to refer to such other primary stock exchange.

 e. Notwithstanding any provision to the contrary in this Second Amendment, in no event shall Calavo make an election to issue Additional
Shares instead of cash pursuant to this Second Amendment if such election would result in the issuance by Calavo of more than 5,000,000 shares of Common Stock in satisfaction of the Stage 3 Maximum Earn-Out Consideration or the Stage 3 Scale
Earn-Out Consideration that is payable to the Sellers. 

  
 3 

 4. First-Stage Price Protection. 

a. The Sellers shall have the following first-stage price protection for any Additional Shares and/or other shares of Common Stock owned by the
Trust that are sold by the Trust on the Nasdaq Stock Market during the 120-day period starting on the later of the date that the Additional Shares are issued to the Trust or the date that the Registration Statement is declared effective by the SEC
(the “First-Stage Price Protection Period”). 
 b. Calavo shall be obligated to issue additional shares of Common Stock
(the “First-Stage Price Protection Shares”) to the Trust only if and to the extent that the total sales price received by the Trust for its sale on the Nasdaq Stock Market of Additional Shares and/or other shares of Common Stock
owned by the Trust during the First-Stage Price Protection Period is less than the total Earn-Out Valuation Price for such Additional Shares and/or other shares of Common Stock sold by the Trust. However, such price protection shall apply only with
respect to a total number of Additional Shares and/or other shares of Common Stock sold by the Trust that does not exceed the total number of Additional Shares issued to the Trust pursuant to this Second Amendment, and such price protection shall
not apply with respect to Additional Shares and/or other shares of Common Stock that are sold by the Trust after such limit has been reached. The dollar value of the First-Stage Price Protection Shares required to be issued by Calavo shall equal the
amount by which (1) the total sales price of all Additional Shares and/or other shares of Common Stock sold by the Trust on the Nasdaq Stock Market during the First-Stage Price Protection Period, up to a total number of shares of Common Stock
equal to the number of Additional Shares issued to the Trust, is less than (2) the total sales price that the Trust would have received for such Additional Shares and/or other shares of Common Stock if they had been sold for the Earn-Out
Valuation Price. The amount calculated pursuant to the immediately preceding sentence is referred to in this Second Amendment as the “First-Stage Shortfall.” Notwithstanding the foregoing, if the amount of the First-Stage Shortfall
is less than $50,000, Calavo shall have sole discretion to elect to deliver cash, instead of First-Stage Price Protection Shares, to the Trust in the amount of the First-Stage Shortfall. 

c. Within 20 days after Calavo and the Trust have agreed upon the amount of the First-Stage Shortfall, Calavo shall cause its transfer agent
to issue a stock certificate in the name of the Trust, and to be delivered to the Trust, to evidence the First-Stage Price Protection Shares. However, Calavo is entitled to elect in its sole discretion to instead issue the First-Stage Price
Protection Shares to the Trust in book entry form by providing appropriate instructions to its transfer agent. The total number of First-Stage Price Protection Shares required to be issued by Calavo shall be determined by dividing the First-Stage
Shortfall by the closing price of the Common Stock on the Nasdaq Stock Market on the last business day preceding the date that Calavo sends stock issuance instructions for the First-Stage Price Protection Shares to its transfer agent (such closing
price being referred to in this Second Amendment as the “First-Stage Price Protection Valuation Price”). Calavo shall not be required to issue First-Stage Price Protection Shares more than once as a result of sales of Additional
Shares and/or other shares of Common Stock by the Trust. 
 d. For example, assume that: (1) 800,000 Additional Shares were issued by
Calavo based upon an Earn-Out Valuation Price of $30 per share; and (2) during the 120-day First-Stage Price Protection Period, the Trust sells 300,000 Additional Shares and 100,000 other shares of Common Stock on the Nasdaq Stock Market for a
total sales price of $11,200,000, representing at an average sales price of $28 per share and a total First-Stage Shortfall of $800,000 compared to the total Earn-Out Valuation Price of $12,000,000. Calavo shall issue to the Trust $800,000 of
First-Stage Price Protection Shares valued at the closing price of the Common Stock on the last business day preceding the date that Calavo gives stock issuance instructions to its transfer agent. 

  
 4 

 e. Private sales, or other transfers, of Additional Shares, First-Stage Price Protection Shares,
Second Stage Price Protection Shares and/or other shares of Common stock that are not made on the Nasdaq Stock Market shall not receive the price protection described in this Second Amendment. Furthermore, (1) the Trust’s sale of shares of
Common Stock that are not Additional Shares, First-Stage Price Protection Shares or Second-Stage Price Protection Shares shall qualify for the price protection described in this Second Amendment only if such sales are made on the Nasdaq Stock Market
in compliance with the terms of Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”), and (2) Calavo shall not be obligated to provide price protection for sales of any shares of Common Stock except to
the extent described in this Second Amendment during the period and with respect to the number of shares of Common Stock described in this Second Amendment. 

5. Second-Stage Price Protection. 

a. The Sellers shall have the following second-stage price protection for any First-Stage Price Protection Shares, Additional Shares and/or
other shares of Common Stock owned by the Trust that are sold by the Trust on the Nasdaq Stock Market during the 120-day period starting on the date that the First-Stage Price Protection Shares are issued to the Trust (the “Second-Stage
Price Protection Period”). 
 b. Calavo shall be obligated to issue additional shares of Common Stock (the “Second-Stage
Price Protection Shares”) to the Trust under this Section 5 only if and to the extent that the total sales price received by the Trust for its sale on the Nasdaq Stock Market of First-Stage Price Protection Shares, Additional Shares
and/or other shares of Common Stock owned by the Trust during the Second-Stage Price Protection Period is less than the total First-Stage Price Protection Valuation Price for such First-Stage Price Protection Shares, Additional Shares and/or other
shares of Common Stock sold by the Trust. However, such price protection shall apply only with respect to a total number of First-Stage Price Protection Shares, Additional Shares and/or other shares of Common Stock sold by the Trust that does not
exceed the total number of First-Stage Price Protection Shares issued to the Trust pursuant to this Second Amendment, and such price protection shall not apply with respect to First-Stage Price Protection Shares, Additional Shares and/or other
shares of Common Stock that are sold by the Trust after such limit has been reached. The dollar value of the Second-Stage Price Protection Shares required to be issued by Calavo shall equal the amount by which (1) the total sales price of all
First-Stage Price Protection Shares, Additional Shares and/or other shares of Common Stock sold by the Trust on the Nasdaq Stock Market during the Second-Stage Price Protection Period, up to a total number of shares of Common Stock equal to the
number of First-Stage Price Protection Shares issued to the Trust, is less than (2) the total sales price that the Trust would have received for such First-Stage Price Protection Shares, Additional Shares and/or other shares of Common Stock if
they had been sold for the First-Stage Price Protection Valuation Price. The amount calculated pursuant to the immediately preceding sentence is referred to in this Second Amendment as the “Second-Stage Shortfall.” Notwithstanding
the foregoing, if the amount of the Second-Stage Shortfall is less than $50,000, Calavo shall have sole discretion to elect to deliver cash, instead of Second-Stage Price Protection Shares, to the Trust in the amount of the Second-Stage Shortfall.

  
 5 

 c. Within 20 days after Calavo and the Trust have agreed upon the amount of the Second-Stage
Shortfall, Calavo shall cause its transfer agent to issue a stock certificate in the name of the Trust, and to be delivered to the Trust, to evidence the Second-Stage Price Protection Shares. However, Calavo is entitled to elect in its sole
discretion to instead issue the Second-Stage Price Protection Shares to the Trust in book entry form by providing appropriate instructions to its transfer agent. The total number of Second-Stage Price Protection Shares required to be issued by
Calavo shall be determined by dividing the Second-Stage Shortfall by the closing price of the Common Stock on the Nasdaq Stock Market on the last business day preceding the date that Calavo sends stock issuance instructions for the Second-Stage
Price Protection Shares to its transfer agent (such closing price being referred to in this Second Amendment as the “Second-Stage Price Protection Valuation Price”). Calavo shall not be required to issue Second-Stage Price
Protection Shares more than once as a result of sales of First-Stage Price Protection Shares, Additional Shares and/or other shares of Common Stock by the Trust. 

d. For example, assume that: (1) 100,000 First-Stage Price Protection Shares were issued by Calavo based upon a First-Stage Price
Protection Valuation Price of $28 per share; and (2) during the 120-day Second-Stage Price Protection Period, the Trust sells 30,000 First-Stage Price Protection Shares, 10,000 Additional Shares and 10,000 other shares of Common Stock on the
Nasdaq Stock Market for a total sales price of $1,300,000, representing an average sales price of $26 per share and a total Second-Stage Shortfall of $100,000 compared to the total First-Stage Price Protection Valuation Price of $1,400,000. Calavo
shall issue to the Trust $100,000 of Second-Stage Price Protection Shares valued at the closing price of the Common Stock on the last business day preceding the date that Calavo gives stock issuance instructions to its transfer agent. 

6. Subsequent Price Protection Payable in Cash. If and to the extent that the total sales price received by the Trust for its sale on
the Nasdaq Stock Market of Second-Stage Price Protection Shares, Additional Shares, First-Stage Price Protection Shares and/or other shares of Common Stock during the 120-day period immediately following the Trust’s receipt of the Second-Stage
Price Protection Shares is less than the total Second-Stage Price Protection Valuation Price for such Second-Stage Price Protection Shares, Additional Shares, First-Stage Price Protection Shares and/or other shares of Common Stock sold by the Trust,
Calavo shall be obligated to deliver to the Trust a cash payment equal to the amount by which (a) the total sales price of all Second-Stage Price Protection Shares, Additional Shares, First-Stage Price Protection Shares and/or other shares of
Common Stock sold by the Trust on the Nasdaq Stock Market during such 120-day period is less than (b) the total sales price that the Trust would have received for such Second-Stage Price Protection Shares, Additional Shares, First-Stage Price
Protection Shares and/or other shares of Common Stock if they had been sold for the Second-Stage Price Protection Valuation Price. However, such price protection shall apply only with respect to a total number of Second-Stage Price Protection
Shares, Additional Shares, First-Stage Price Protection Shares and/or other shares of Common Stock sold by the Trust that does not exceed the total number of Second-Stage Price Protection Shares issued to the Trust pursuant to this Second Amendment,
and such price protection shall not apply with respect to Second-Stage Price Protection Shares, Additional Shares, First-Stage Price Protection Shares and/or other shares of Common Stock that are sold by the Trust after such limit has been reached.
The cash payment required by this Section 6 shall be made by Calavo within 20 days after Calavo and the Trust have agreed upon the amount of the shortfall described in this Section 6. 

  
 6 

 7. Calavo’s Registration Statement Obligations. 

a. Calavo shall file the Registration Statement with the SEC as promptly as practicable after the number of Additional Shares, if any, to be
issued by Calavo to the Trust as a result of meeting the Stage 3 Maximum Earn-Out Trigger or the Stage 3 Scale Earn-Out Trigger has been determined, and Calavo shall thereafter use its commercially reasonable efforts to have the Registration
Statement declared effective by the SEC as promptly as practicable. 
 b. The Registration Statement shall register the Trust’s resale
of the Additional Shares and shall name the Trust as the selling shareholder. 
 c. If permitted by applicable securities laws, rules and
regulations, the Registration Statement shall also register the Trust’s resale of the First-Stage Price Protection Shares and the Second-Stage Price Protection Shares, provided that Calavo shall not be required to include the First-Stage Price
Protection Shares or the Second-Stage Price Protection Shares in the Registration Statement if the SEC advises Calavo (or if Calavo otherwise determines) that the First-Stage Price Protection Shares or the Second-Stage Price Protection Shares cannot
be included in the Registration Statement because the number of First-Stage Price Protection Shares or Second-Stage Price Protection Shares is unknown at the time of filing the Registration Statement. If the First-Stage Price Protection Shares or
the Second-Stage Price Protection Shares are not included in the Registration Statement, then (1) the 120-day price protection period that is described above in Section 5.a shall begin on the date that the Trust first becomes eligible to
sell the First-Stage Price Protection Shares pursuant to Rule 144 under the Securities Act and shall end on the 120th-day thereafter, and (2) Calavo shall pay any Second-Stage Shortfall to the Trust in cash rather than in shares of Common
Stock. 
 d. The Registration Statement shall not register the resale or issuance of any Merger Shares or other securities except for the
Additional Shares and, to the extent described above in Section 7.c, the First-Stage Price Protection Shares and the Second-Stage Price Protection Shares. 

e. Calavo shall instruct its transfer agent not to place the Securities Act restrictive legend described in Section 4.7 of the Merger
Agreement on any stock certificates that evidence Additional Shares, First-Stage Price Protection Shares or Second-Stage Price Protection Shares that the Trust sells pursuant to the Registration Statement. 

f. Calavo is entitled to withdraw and terminate the Registration Statement at any time on or after the date that the Trust has owned the
Additional Shares for at least six months and is eligible to sell the Additional Shares pursuant to Rule 144 under the Securities Act. However, if First-Stage Price Protection Shares and Second-Stage Price Protection Shares are registered on the
Registration Statement and if such First-Stage Price Protection Shares and/or Second-Stage Price Protection Shares are issued to the Trust, Calavo shall not be entitled to withdraw and terminate the Registration Statement until on or after the date
that the Trust has owned all such issued First-Stage Price Protection Shares and Second-Stage Price Protection Shares for at least six months and is eligible to sell such shares of Common Stock pursuant to Rule 144 under the Securities Act.
Furthermore, in addition to its rights described in the preceding two sentences, Calavo is entitled to withdraw and terminate the Registration Statement at any time after the date that the Trust has sold or otherwise transferred all of the
Additional Shares, First-Stage Price Protection Shares (if the Trust acquires, or has the right to acquire, any First-Stage Price Protection Shares) and Second-Stage Price Protection Shares (if the Trust acquires, or has the right to acquire, any
Second-Stage Price Protection Shares). 

  
 7 

 g. If Calavo is for any reason ineligible to file a Registration Statement on Form S-3 with the
SEC as of the date that the number of Additional Shares to be issued by Calavo to the Trust is determined, Calavo shall instead file a Registration Statement on Form S-1 (or any applicable successor form) with the SEC, and references in this Second
Amendment to the Registration Statement on Form S-3 shall instead be deemed to refer to a Registration Statement on Form S-1 (or any applicable successor form). 

h. If, for any reason, the Registration Statement is not declared effective by the SEC within 90 days after the date that Calavo files the
Registration Statement with the SEC, Calavo’s Registration Statement obligations described in this Second Amendment shall automatically terminate on such 90th day and the Sellers shall have the following price protection in lieu of the price
protection provisions that are contained in Sections 4, 5 and 6 of this Second Amendment. 
 (i) If and to the extent that the total sales
price received by the Trust for its sale of Additional Shares and/or other shares of Common Stock owned by the Trust, up to an total number of shares of Common Stock equal to the number of Additional Shares issued to the Trust, on the Nasdaq Stock
Market during the 120-day period starting on the date that the Trust becomes eligible to sell Additional Shares pursuant to Rule 144 under the Securities Act is less than the total Earn-Out Valuation Price for such Additional Shares and/or other
shares of Common Stock sold by the Trust, Calavo shall issue additional shares of Common Stock to the Trust with a dollar value equal to the amount by which (1) the total sales price of all such Additional Shares and/or other shares of Common
Stock sold by the Trust on the Nasdaq Stock Market during such 120-day period, up to a total number of shares of Common Stock equal to the total number of Additional Shares issued to the Trust, is less than (2) the total sales price that the
Trust would have received for such Additional Shares and/or other shares of Common Stock if they had been sold for the Earn-Out Valuation Price. The amount calculated pursuant to the immediately preceding sentence is referred to in this
Section 7.h as the “Section 7.h Shortfall,” and the additional shares of Common Stock required to be issued by Calavo to the Trust pursuant to the terms of this Section 7.h are referred to as the “Section 7.h
Shares.” 
 (ii) Within 20 days after Calavo and the Trust have agreed upon the amount of the Section 7.h Shortfall, Calavo
shall cause its transfer agent to issue a stock certificate in the name of the Trust, and to be delivered to the Trust, to evidence the Section 7.h Shares. However, Calavo is entitled to elect in its sole discretion to instead issue the
Section 7.h Shares to the Trust in book entry form by providing appropriate instructions to its transfer agent. The total number of Section 7.h Shares required to be issued by Calavo shall be determined by dividing the Section 7.h
Shortfall by the closing price of the Common Stock on the Nasdaq Stock Market on the last business day preceding the date that Calavo sends stock issuance instructions for the Section 7.h Shares to its transfer agent. Calavo shall not be
required to issue Section 7.h Shares more than once as a result of sales of Additional Shares and/or other shares of Common Stock by the Trust, and neither the issuance of the Section 7.h Shares nor the resale of the Section 7.h
Shares shall be registered under the Securities Act. Notwithstanding the foregoing, if the amount of the Section 7.h Shortfall is less than $50,000, Calavo shall have sole discretion to elect to deliver cash, instead of Section 7.h Shares,
to the Trust in the amount of the Section 7.h Shortfall. 

  
 8 

 8. Sellers’ Registration Statement Obligations. The Trust and the other Sellers agree
that: 
 a. The Trust and the other Sellers shall sell or otherwise transfer Additional Shares, First-Stage Price Protection Shares,
Second-Stage Price Protection Shares, Section 7.h Shares and other shares of Common Stock owned by the Trust or the other Sellers only in compliance with all applicable securities laws, rules and regulations including, if applicable, Rule 144
under the Securities Act. Only the Trust shall be entitled to sell Additional Shares, First-Stage Price Protection Shares and Second-Stage Price Protection Shares pursuant to the Registration Statement. 

b. The Trust shall not offer or sell any Additional Shares, First-Stage Price Protection Shares or Second-Stage Price Protection Shares
pursuant to the Registration Statement until Calavo has advised the Trust that the Registration Statement has been declared effective by the SEC. The Trust shall not offer or sell any Additional Shares, First-Stage Price Protection Shares or
Second-Stage Price Protection Shares pursuant to the Registration Statement during any period in which (1) Calavo has advised the Trust that the SEC has issued a stop order or similar order prohibiting the use of the Registration Statement or
(2) Calavo has advised the Trust that the Registration Statement must be amended in order to correct any untrue statement of a material fact in the Registration Statement or any omission to state a material fact required to be stated in the
Registration Statement, provided that Calavo agrees to amend the Registration Statement as promptly as practicable to correct such statement or omission. 

c. Calavo is entitled to file a Current Report on Form 8-K that summarizes this Second Amendment, and Calavo is entitled to file this Second
Amendment with the SEC. 
 d. The Trust shall use the prospectus that is contained in the Registration Statement (the
“Prospectus”) solely for purposes of making open-market sales of Additional Shares, First-Stage Price Protection Shares and Second-Stage Price Protection Shares (if First-Stage Price Protection Shares and Second-Stage Price
Protection Shares are included in the Registration Statement) on the Nasdaq Stock Market, and Calavo shall not be required to name any underwriter in the Registration Statement or to identify in the Registration Statement any other method of selling
or otherwise transferring the Additional Shares, the First-Stage Price Protection Shares or the Second-Stage Price Protection Shares. 
 e.
If required by applicable securities laws, rules and regulations, the Trust shall deliver on a timely basis a copy of the Prospectus in connection with sales of Additional Shares, First-Stage Price Protection Shares or Second-Stage Price Protection
Shares. 
 f. The Trust shall promptly provide Calavo with such information about itself as Calavo notifies the Trust is required to be
disclosed in the Registration Statement and, at Calavo’s request, the Trust shall promptly complete and deliver to Calavo a selling shareholder’s questionnaire in customary form. 

g. If Calavo determines that applicable securities laws, rules and regulations require the Registration Statement to include information about
the beneficial ownership of the Trust (including, without limitation, about the percentage interest of each Seller other than the Trust in the Additional Shares, the First-Stage Price Protection Shares and the Second-Stage Price Protection Shares),
the Trust and the other Sellers shall promptly provide such information to Calavo and, at Calavo’s request, all of the Sellers shall promptly complete and deliver to Calavo selling 

  
 9 

 
shareholders’ questionnaires in customary form. Notwithstanding anything to the contrary in this Second Amendment, Calavo shall not be required to file the Registration Statement with the
SEC until it has received all required information from the Sellers described in this Section 8.g and in Section 8.f above. 
 9.
Lock-Up Period Restrictions; References to the Registration of the Merger Shares. 
 a. The six-month contractual Lock-Up Period
restriction that is described in the first sentence of Section 2.23 of the Merger Agreement shall not apply to any Additional Shares, First-Stage Price Protection Shares or Second-Stage Price Protection Shares that are issued by Calavo pursuant
to this Second Amendment, provided that the Trust and the other Sellers shall remain obligated to sell or otherwise transfer Additional Shares, First-Stage Price Protection Shares and Second-Stage Price Protection Shares in full compliance with all
applicable securities laws, rules and regulations. 
 b. The second sentence in the definition of the Merger Shares in Section 1.1 of
the Merger Agreement states that “[n]either the issuance nor the resale of the Merger Shares shall be registered by Calavo under the Securities Act or any state securities law or regulation.” The last sentence of Section 4.6 of the
Merger Agreement states that Calavo does not intend to register the resale of any Merger Shares. Such two sentences shall not be deemed to negate or otherwise limit Calavo’s registration obligations that are described above in Section 7.

 10. Calavo’s Reimbursement of Attorneys’ Fees and Brokerage Commissions. Calavo shall reimburse the Sellers for
(a) their reasonable and customary brokerage commissions incurred in connection with the Trust’s sale of any and all Additional Shares, First-Stage Price Protection Shares, Second-Stage Price Protection Shares and Section 7.h Shares
(but not for brokerage commissions incurred in connection with the sale of any other Merger Shares, except as provided in the First Amendment) and (b) their reasonable attorneys’ fees, in an amount not to exceed $5,000, incurred in
connection with the review and negotiation of this Second Amendment. 
 11. No Other Amendment of the Merger Agreement. Other than as
is specifically set forth in this Second Amendment, no other provisions of the Merger Agreement or the First Amendment shall be amended by this Second Amendment. In the event of any conflict between any provision of this Second Amendment and any
provision of the Merger Agreement or the First Amendment, the provision in this Second Amendment shall govern. 
 [Signature page follows]

  
 10 

 IN WITNESS WHEREOF, Calavo, RFG and the Sellers have executed and delivered this Second Amendment
as of the date first written above. 
  

			
	CALAVO GROWERS, INC.
		
	By:	 	 /s/ Lecil E. Cole

		 	Lecil E. Cole, Chief Executive Officer
	
	RENAISSANCE FOOD GROUP, LLC
		
	By:	 	 /s/ Lecil E. Cole

		 	Lecil E. Cole, Chief Executive Officer
	
	RFG NOMINEE TRUST
		
	By:	 	 /s/ Kenneth J. Catchot

		 	Kenneth J. Catchot, Trustee
	
	LIBERTY FRESH FOODS, LLC
		
	By:	 	 /s/ Kenneth J. Catchot

		 	Kenneth J. Catchot, Managing Member
	
	 /s/ Kenneth J. Catchot

	KENNETH J. CATCHOT
	
	 /s/ James S. Catchot

	JAMES S. CATCHOT
	
	 /s/ James Gibson

	JAMES GIBSON
	
	CUT FRUIT, LLC
		
	By:	 	 /s/ Teresa J. Spada

		 	By: Teresa J. Spada
		 	Its: Member
	
	 /s/ Jose O. Castillo

	JOSE O. CASTILLO
	
	 /s/ Donald L. Johnson

	DONALD L. JOHNSON

  
 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}]]