Document:

EX-10.1

 Exhibit 10.1 

TRANSITION SERVICES AGREEMENT 

by and between 
 V.F. CORPORATION

 and 
 KONTOOR BRANDS, INC.

 Dated as of [—] 

 TABLE OF CONTENTS 

 
  

 

					
	 	  	PAGE	 
	 ARTICLE I

DEFINITIONS
	  			
	 Section 1.01. Certain Definitions
	  	 	1	 
		
	 ARTICLE II

SERVICES
	  			
	 Section 2.01. Services
	  	 	2	 
	 Section 2.02. Standard for Service
	  	 	3	 
	 Section 2.03. Consents
	  	 	3	 
	 Section 2.04. Subcontracted Services
	  	 	3	 
	 Section 2.05. Management of Services
	  	 	4	 
	 Section 2.06. Ownership
	  	 	4	 
		
	 ARTICLE III

SERVICE CHARGES
	  			
	 Section 3.01. Service Charges
	  	 	4	 
	 Section 3.02. Invoices
	  	 	4	 
	 Section 3.03. Payment
	  	 	5	 
	 Section 3.04. Invoice Disputes
	  	 	5	 
	 Section 3.05. No Set-off Rights
	  	 	5	 
		
	 ARTICLE IV

INTELLECTUAL PROPERTY
	  			
	 Section 4.01. Title to Intellectual Property.
	  	 	5	 
		
	 ARTICLE V

TAX
	  			
	 Section 5.01. Cooperation for Statutory and Tax Filings
	  	 	6	 
		
	 ARTICLE VI

TERM AND TERMINATION
	  			
	 Section 6.01. Transition Period
	  	 	6	 
	 Section 6.02. Termination.
	  	 	6	 
		
	 ARTICLE VII

LIMITATION OF LIABILITY; INDEMNITY
	  			
	 Section 7.01. Limitation of Liability
	  	 	7	 
	 Section 7.02. Indemnification
	  	 	7	 
	 Section 7.03. Obligation to Correct
	  	 	8	 
	 Section 7.04. Exclusive Remedy
	  	 	8	 
		
	 ARTICLE VIII

ACCESS
	  			
	 Section 8.01. Access to Records and Properties
	  	 	8	 
	 Section 8.02. Systems
	  	 	8	 
	 Section 8.03. Cyber Events
	  	 	8	 
		
	 ARTICLE IX

MISCELLANEOUS
	  			
	 Section 9.01. Notice
	  	 	9	 
	 Section 9.02. Force Majeure
	  	 	10	 

  
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	 Section 9.03. Confidentiality
	  	 	10	 
	 Section 9.04. No Partnership, Joint-Venture Or Agency Created.
	  	 	10	 
	 Section 9.05. Successors and Assigns
	  	 	10	 
	 Section 9.06. Counterparts; Effectiveness
	  	 	11	 
	 Section 9.07. Interpretation; Incorporation of Terms by Reference
	  	 	11	 
	 Section 9.08. Governing Law
	  	 	11	 
	 Section 9.09. Jurisdictions
	  	 	11	 
	 Section 9.10. WAVIER OF JURY TRIAL
	  	 	11	 
	 Section 9.11. Specific Performance
	  	 	11	 
	 Section 9.12. Performance
	  	 	11	 
	 Section 9.13. Amendments; No Waivers
	  	 	12	 

  
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 TRANSITION SERVICES AGREEMENT 

TRANSITION SERVICES AGREEMENT dated as of [—] (as the same may be amended from time to time in accordance with its terms and together
with the schedules and exhibits hereto, this “Agreement”), by and between V.F. Corporation, a Pennsylvania corporation (“VF”), and Kontoor Brands, Inc., a North Carolina corporation (“Kontoor
Brands”). 
 R E C I T A L S 

WHEREAS, on or about the date hereof the parties hereto have entered into that certain Separation and Distribution Agreement (as amended,
modified or supplemented from time to time, the “Separation and Distribution Agreement”), pursuant to which VF has agreed to distribute the Jeanswear Business to the holders of the VF Common Stock as of the Record Date; 

WHEREAS, pursuant to the Separation and Distribution Agreement and in connection with the transactions contemplated thereby, VF and Kontoor
Brands have agreed to enter into this Agreement in order to provide for the provision both (i) from VF and the VF Group to Kontoor Brands and the Kontoor Brands Group and (ii) from Kontoor Brands and the Kontoor Brands Group to VF and the
VF Group of certain transitional services in order to facilitate the orderly transition of the Jeanswear Business from VF and the members of the VF Group to Kontoor Brands and the members of the Kontoor Brands Group, upon the terms and subject to
the conditions hereinafter set forth; and 
 WHEREAS, the party, or applicable member of its Group, providing an applicable Service (as
defined below) hereunder, as set forth in the Services Schedules (as defined below) is referred to as “Provider” and the party, or an applicable member of its Group, receiving an applicable Service hereunder, as set forth in the
Services Schedules, is referred to as “Recipient”. 
 NOW, THEREFORE, in consideration of the foregoing recitals and the
mutual covenants, conditions, and agreements hereinafter expressed, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01.    Certain Definitions. (a) The following terms, as used herein, have the following
meanings; provided that capitalized terms used but not otherwise defined in this Section 1.01 shall have the respective meanings ascribed to such terms in the Separation and Distribution Agreement: 

“Accounting Referee” means a nationally recognized independent accounting firm that is jointly retained by the parties. 

“Cyber Event” means any actual unauthorized, accidental or unlawful access, use, exfiltration, theft, disablement,
destruction, loss, alteration, disclosure, transmission of any Systems or any information or data (including any personally identifiable information) stored therein or transmitted thereby. 

“Damages” means all liabilities, costs, damages, losses, claims, demands, charges, suits, penalties, Taxes and expense
(including reasonable attorneys’ and other professionals’ fees and disbursements) and whether or not pursuant to a Third Party Claim. 

“Incident Response Management Services” means the Services as described under the heading “Information Security -
Incident Response Management” in the Services Schedules. 
 “Prime Rate” shall mean the prime rate published in the
eastern edition of The Wall Street Journal or a comparable newspaper if The Wall Street Journal shall cease publishing the prime rate. 

  
 1 

 “Services” shall mean the services set forth on the Services Schedules to
be provided, or caused to be provided, by Provider to Recipient pursuant to this Agreement. 
 (b) Each of the following terms is defined in
the Section set forth opposite such term: 
  

			
	 Term
	  	Section
	 Agreement
	  	Preamble
	 Force Majeure Event
	  	9.01
	 Governance Model
	  	2.05
	 Improvements
	  	4.01
	 Invoice Objection
	  	3.04
	 Kontoor Brands
	  	Preamble
	 Other Service Implications
	  	2.03
	 Payment Date
	  	3.03
	 Provider
	  	Recitals
	 Provider Notice
	  	2.01
	 Recipient
	  	Recitals
	 Responding Party
	  	8.03
	 Separation and Distribution Agreement
	  	Recitals
	 Service Charge
	  	3.01
	 Services Schedules
	  	2.01
	 Stub Month
	  	3.02
	 Subcontractor
	  	2.04
	 Systems
	  	8.01
	 Termination Notice
	  	2.01
	 Transition Period
	  	6.01
	 VF
	  	Preamble

 ARTICLE II 

SERVICES 

Section 2.01.    Services. During the Transition Period (as defined below) (or, with respect to a particular
Service, such shorter period as may be specified in the Services Schedules with respect to any such Service), VF shall provide (or cause to be provided by an Affiliate or a Subcontractor in accordance with Section 2.04) to Kontoor Brands or the
applicable member of its Group the services described on Schedule A-1 attached hereto and Kontoor Brands shall provide (or cause to be provided by an Affiliate or a Subcontractor in accordance with
Section 2.04) to VF or the applicable member of its Group the services described on Schedule A-2 attached hereto (together with Schedule A-1, the
“Services Schedules”). The Services (or any portion thereof) shall be provided for the period of time specified in the Services Schedules; provided that, unless otherwise specified in the Service Schedules, the term of any or
all the Services (or any portion thereof) may be earlier terminated by Recipient by providing thirty (30) days prior written notice to Provider (“Termination Notice”); provided further that if it is technically
infeasible or commercially impracticable to terminate one Service without terminating one or more other Services, Recipient shall be required to concurrently terminate all such Services for which separate termination would be technically infeasible
or commercially impractical. Following receipt of a Termination Notice, Provider will provide Recipient with written notice (“Provider Notice”) that termination of any applicable Service will require the termination or partial
termination of, or otherwise affect the performance of any other Services as a result of the technical infeasibility or commercially impracticality to terminate only the Service requested to be terminated (“Other Service
Implications”), which notice shall set forth a reasonably detailed overview of any Other Service Implications. Recipient may withdraw its Termination Notice by delivering a withdrawal notice within five (5) Business Days following the
receipt of such Provider Notice from Provider. If Recipient does not withdraw the Termination Notice within such period, such Termination Notice will be final and irrevocable (including as to any Other Service Implications) and Recipient

  
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shall no longer be entitled to receive the Service from Provider. Upon the effective date of termination of any Service pursuant to this Section 2.01, (i) the Provider of the terminated
Service will have no further obligation to provide the terminated Service and (ii) the relevant Recipient will have no obligation to pay any future Service Charges relating to any such Service other than (A) the applicable portion of the
Service Charge for the remainder of the calendar month in which such termination is effective, (B) Service Charges and any other fees, costs and expenses owed and payable in accordance with the terms of this Agreement in respect of Services provided
prior to the effective date of termination and (C) any third party costs and expenses incurred by the Provider or any of its Affiliates in respect of such Services between the time of such termination and the time the provision of such Service would
have terminated absent such early termination to the extent Provider cannot avoid the incurrence of such costs or expenses using commercially reasonable efforts, which in each case shall be, from time to time, invoiced and paid as provided in
Article III. Upon the effective date of termination of any Service pursuant to this Section 2.01, the relevant Provider shall reduce for the next monthly billing period the amount of the Service Charge for the category of Services in
which the terminated Service was included (such reduction to reflect the elimination of all costs incurred in connection with the terminated Service to the extent the same are not required to provide other Services to Recipient), and, upon request
of Recipient, Provider shall provide Recipient with documentation and/or information regarding the calculation of the amount of the reduction. In connection with termination of any Service, the provisions of this Agreement not relating solely to
such terminated Service shall survive any such termination. Upon thirty (30) days’ advance written notice prior to the expiration of any Service, Recipient may request an extension of such Service by submitting to the relevant Provider an
extension request in the form attached hereto as Schedule B. Any such extension shall be effective only by the mutual written agreement of Provider and Recipient to the terms applicable to such Service during any such extension period. For the
avoidance of doubt, Provider is not obligated to extend any Service and Services shall only be extended on terms mutually agreed to by Provider and Recipient. 

Section 2.02.    Standard for Service. (a) Except as otherwise provided in this Agreement or the Services
Schedules, Provider agrees to use its commercially reasonable efforts to perform each Service such that the nature, quality, standard of care, skill, level of priority and the service level at which such Service is performed is not materially less
than the nature, quality, standard of care, level of priority and service level at which substantially the same service was provided to the Recipient and the members of its Group, as applicable, during the twelve (12) month period immediately
prior to the date hereof (or, if not so previously provided, then substantially the same as that applicable to similar services provided by Provider). 

(b)    It is understood and agreed that Provider may from time to time modify, change or enhance the manner, nature,
quality and/or standard of care of any Service provided to Recipient or the members of its Group to the extent Provider is making a similar change in the performance of services similar to such Services for Provider or the members of its Group or to
the extent that such change is in connection with the relocation of Provider’s employees; provided that any such modification, change or enhancement will not reasonably be expected to have a material adverse effect on the provision of
such Service in accordance with the standards set forth in Section 2.02(a). 
 (c)    The Services shall only be
made available by the applicable Provider for, and the applicable Recipient shall only be entitled to utilize the Services for, the benefit of the operation of its respective Business. 

Section 2.03.    Consents. The parties hereto shall cooperate and use commercially reasonable efforts to
obtain any consents, permits or licenses from any third party that may be required in connection with the provision of the Services hereunder; provided that (i) Provider shall not be required to provide any Service hereunder to the
extent the provision of such Service is prevented by the failure, after the exercise of commercially reasonable efforts, to obtain any such consent, permit or license and (ii) Provider shall not be required to pay any such third party any
amounts to obtain any such consents, permits or licenses. 
 Section 2.04.    Subcontracted Services.
Provider may, directly or through one or more Affiliates, hire or engage one or more subcontractors or other third parties (each, a “Subcontractor”), or cause one or more of its Affiliates, to perform any or all of Provider’s
obligations to provide Services under this Agreement; provided, 

  
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that Provider shall remain ultimately responsible for ensuring that the obligations set forth in this Agreement are satisfied with respect to any Service provided by any Subcontractor or
Affiliate. 
 Section 2.05.    Management of Services. Management of, and control over, the provision of the
Services provided hereunder (including the determination or designation at any time of the equipment, employees and other resources of Provider, its Affiliates or any Subcontractor engaged in accordance with Section 2.04 to be used in
connection with the provision of such Services as set forth herein) shall reside solely with Provider; provided that (i) the Services shall, at all times, be provided in accordance with the standards and requirements set forth herein and in
the Services Schedules, and (ii) the Services shall, at all times, be administered by the parties, the members of each of their respective Groups and each of their respective employees, officers, directors and agents in accordance with the
governance model set forth on Schedule C (the “Governance Model”). Without limiting the generality of the foregoing, except as provided in the Services Schedules or the Governance Model, all labor matters relating to any
employees of Provider, its Affiliates and any Subcontractor shall be within the exclusive control of such entity, and Recipient shall not have any rights with respect to such matters. Except as provided in the Services Schedules or
Section 3.01, Provider shall be solely responsible for the payment of all salary and benefits and all applicable Taxes and premiums and remittances with respect to employees of Provider used to provide any Services hereunder. Except as
expressly provided in the Services Schedules, Provider shall be an independent contractor in connection with the performance of Services hereunder for any and all purposes (including federal or state tax purposes), and the Persons performing
Services in connection herewith shall not be deemed to be employees or agents of Recipient. 

Section 2.06.    Ownership. All procedures, methods, systems, strategies, tools, equipment, facilities and
other resources owned by Provider, its Affiliates, or any Subcontractor and used by them in connection with the provision of Services (for the avoidance of doubt, excluding any such items being the property of Recipient that are provided by
Recipient to Provider to facilitate Provider’s provision of the Services to Recipient) hereunder shall remain the property of Provider, its Affiliates or such Subcontractor and shall at all times be under the sole direction and control of
Provider, its Affiliates or such Subcontractor. 
 Section 2.07.    Local Agreements. With respect to Services
delivered in a particular country and to the extent required by applicable Law or local practice, the parties may cause the members of their respective Groups providing such Service to enter into one or more local services agreements for the purpose
of implementing this Agreement in that country or with respect to any particular Service to be performed in such country; provided that to the extent that there shall be a conflict between the provisions of this Agreement and the provisions
of any such agreement, this Agreement shall control with respect to all matters. 
 ARTICLE III 

SERVICE CHARGES 

Section 3.01.    Service Charges. Recipient shall pay to Provider in respect of such Services the fee that is
set forth on the Services Schedule for such Services (or category of Services, as applicable) (each such fee constituting a “Service Charge”). During the term of this Agreement, the amount of a Service Charge for any Service (or
category of Services, as applicable) shall not increase, except (i) to the extent such costs and amounts increase for other business units of Provider using the same service at the same location, (ii) changes in actual compensation and
benefits costs or (iii) as reasonably required by VF in order to preserve the Intended Tax Treatment (as defined in the Tax Matters Agreement) of the Distribution in accordance with Applicable Law. For the avoidance of doubt, out-of-pocket costs paid to any third party provider that is providing goods or services used by Provider in providing the Services (e.g., license costs for software) and any
Taxes (including any value added, excise, sales, use and similar Taxes) imposed under Applicable Law on or on account of the provision of Services (but not on any income of Provider received in connection with the provision of such Services) will be
an incremental cost to Recipient in addition to the Service Charges and will be charged to Recipient at the actual third party cost or amount of Taxes so imposed. 

  
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 Section 3.02.    Invoices. In accordance with the Services
Schedules, Provider shall deliver invoices to Recipient in the local, functional currency of such Provider and Recipient on a monthly basis on the 15th day of each month with respect to Services provided in the previous month; provided that
no invoices shall be delivered pursuant to this Section 3.02 in respect of the period between Distribution Date and the end of the calendar month in which the Distribution Date occurs (the “Stub Month”), and any amounts to be
invoiced by an applicable Provider in respect of the Stub Month shall be included in the invoice to be delivered by such Provider in respect of Services provided in the full calendar month immediately following the Distribution Date. Each invoice
shall set forth a description of the Services to which it relates and reference to the applicable section of the Services Schedules. 

Section 3.03.    Payment. Subject to Section 3.04, Recipient shall pay the amount of
an invoice by wire transfer to Provider within thirty (30) days of the date of receipt of such invoice (the “Payment Date”) to the account specified by Provider; provided that in the event for any applicable invoicing
period, multiple payments in the same currency are required to be paid or received pursuant to this Section 3.03 between a member of the VF Group (whether as Provider or Recipient), on the one hand, and a member of the Kontoor Brands Group
(whether as Provider or Recipient), on the other hand, then for purposes of making such payments pursuant to this Section 3.03, such amounts shall be netted and one payment between such parties will be made on a net basis. If the Recipient
fails to pay the undisputed portion of any amount payable (including pursuant to Section 3.04) by the applicable Payment Date, the Provider may require the Recipient to pay to the Provider, in addition to the amount due,
interest at an interest rate of the Prime Rate, compounded monthly, accruing from the applicable Payment Date through and including the date of actual payment. 

Section 3.04.    Invoice Disputes. If Recipient delivers written notice of a good faith dispute of any
invoiced amount provided on an invoice within fifteen (15) days of receipt thereof (the “Invoice Objection”), Recipient and Provider shall attempt in good faith to resolve such dispute within thirty (30) days after the
delivery of such Invoice Objection. If Recipient and Provider are able to resolve such dispute within such thirty (30) day period, the Payment Date for the amount Recipient and Provider agreed shall be ten (10) days after such resolution.
If Recipient and Provider are unable to resolve all such disputes within such thirty (30) day period, the matters remaining in dispute shall be submitted to the Accounting Referee to resolve any remaining disputed items as soon as practicable,
but in no event later than sixty (60) days after its retention. The resolution of disputed items by the Accounting Referee shall be final and binding. The cost of such Accounting Referee’s review and report shall be borne by Provider and
Recipient in inverse proportion as they may prevail on the matters resolved by the Accounting Referee, which proportionate allocation shall be calculated on an aggregate basis based on the relevant dollar values of the amounts in dispute and shall
be determined by the Accounting Referee at the time the determination of such Accounting Referee is rendered on the merits of the matters submitted. The Payment Date for any amounts the Accounting Referee determines are owed shall be ten
(10) days after the Accounting Referee renders its decision. 
 Section 3.05.    No Set-off Rights. Subject to the foregoing Recipient shall pay the full amount of the Service Charges and shall not set-off, counterclaim or otherwise withhold any amount
owed to Provider under this Agreement on account of any obligation owed by Provider to Recipient. 
 ARTICLE IV 

INTELLECTUAL PROPERTY 

Section 4.01.    Title to Intellectual Property. 

(a)    This Agreement and the performance of the Services hereunder will not affect or result in the transfer of any
rights, title and interest in or to, or the ownership of, any Intellectual Property of Provider or any other member of its Group and neither party will gain, by virtue of this Agreement or the provision of Services hereunder, by implication or
otherwise, any rights, title, interest, license or ownership in, to or under any Intellectual Property owned by the other party or any other member of such other party’s Group. For the 

  
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avoidance of doubt, to the extent Provider uses any Intellectual Property in connection with providing a Service hereunder, such Intellectual Property, and any derivative works or modifications
thereof or improvements thereto (collectively, “Improvements”), shall remain, as between the parties, the sole and exclusive property of Provider. To the extent ownership of any such Intellectual Property and Improvements does not
vest in Provider, Recipient hereby assigns to Provider all of its right, title and interest in and to such Intellectual Property and Improvements. 

ARTICLE V 
 TAX 

Section 5.01.    Cooperation for Statutory and Tax Filings. Recipient undertakes and agrees to cooperate in
accordance with the standard for Services described in Section 2.02 to enable Provider to complete in a timely manner any and all statutory and Tax filings required to be filed by Provider that include any information related to their
respective Business, as applicable. Recipient will provide and, as applicable, cause its employees and its Affiliates and their employees to provide, all such reasonable cooperation to Provider, the members of its Group and their respective
representatives with respect to such filings as is reasonably requested including preparing or causing to be prepared (to the extent consistent with past practices) and furnishing or causing to be furnished records, information, work papers, reports
and other documents as requested by Provider, its Affiliates or their respective representatives and causing Transferred Employees who possess relevant knowledge to make themselves available for consultation with respect to the foregoing;
provided, that notwithstanding anything to the contrary in this Section 5.01, Recipient will only be obligated to cause any Person to cooperate with Provider pursuant to this Section 5.01 if and for so long as Recipient is capable
of directing the actions of such Person. This Section 5.01 shall not be construed to require VF or any member of its Group to make available any Tax Return (as defined in the Tax Matters Agreement) to Kontoor Brands or any member of its Group
unless the provision of such Tax Return is expressly contemplated by the Tax Matters Agreement. 
 ARTICLE VI 

TERM AND TERMINATION 

Section 6.01.    Transition Period. The term of this Agreement (the “Transition Period”)
shall commence on the date hereof and continue with respect to each of the Services for the term set forth on the Services Schedule, unless earlier terminated pursuant to this Article VI or, with respect to any given Service or Services, pursuant to
Section 2.01. 
 Section 6.02.    Termination. 

(a)    Notwithstanding Section 6.01, each party reserves the right to immediately terminate this Agreement by written
notice to the other in the event that: 
 (i)    the other party breaches or is in default of any
material obligation under this Agreement and such breach or default remains uncured for thirty (30) days after receipt of written notice from the non-breaching party; 

(ii)    the other party shall (A) apply for or consent to the appointment of a receiver, trustee or
liquidator, (B) admit in writing a general inability to pay debts as they mature, (C) make a general assignment for the benefit of creditors, or (D) file a voluntary petition or have filed against it a petition (which is not dismissed
within sixty (60) days) for an order of relief under the federal bankruptcy code, as the same may be amended, so as to take advantage of any insolvency laws or to file an answer admitting the general obligations of an insolvency petition; or

 (iii)    the other party shall have been prevented from exercising normal managerial control over all
or any substantial part of its property by reason of the entry of any order, judgment or decree by any court or 

  
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governmental agency of competent jurisdiction approving a petition seeking the reorganization of such party, or appointment of a receiver, trustee, liquidator or the like of such party or a
substantial part of its assets. 
 (b)    This Agreement may be terminated upon the mutual written consent of the parties
hereto. 
 (c)    Upon the effective date of termination of this Agreement pursuant to this Article VI, neither party
will have any further obligations to provide Services or pay any future Service Charges relating to any Services; provided that Recipient shall remain obligated to the relevant Provider for the Service Charges and any other fees, costs and
expenses owed and payable in accordance with the terms of this Agreement in respect of Services provided prior to the effective date of termination. 

(d)    Except as provided for in Section 2.01, any termination of this Agreement with respect to any one or more
Services pursuant to Section 2.01 shall not terminate this Agreement with respect to any other Service then being provided pursuant to this Agreement. 

(e)    Survival. The parties hereby acknowledge and agree that the obligations of each party set forth in
Section 2.01, Section 2.06, Section 5.01, Section 6.02(c), Section 6.02(e), Article VII and Article IX hereof shall survive any termination of this Agreement. 

ARTICLE VII 

LIMITATION OF LIABILITY; INDEMNITY 

Section 7.01.    Limitation of Liability. (a) Provider may rely conclusively on, and will have no
liability to Recipient for acting pursuant to and in accordance with, any notice or request which Recipient or those acting on its behalf provides to Provider in connection with the performance of the Services. 

(b)    NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS AGREEMENT, NO PARTY HERETO SHALL BE LIABLE FOR (I) ANY
SPECIAL, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY, INDIRECT OR OTHER SIMILAR DAMAGES OR DAMAGES FOR LOST PROFITS OR DIMINUTION IN VALUE) EXCEPT TO THE EXTENT THAT THE OTHER PARTY IS REQUIRED TO PAY ANY SUCH AMOUNTS TO A THIRD PARTY, IN EACH
CASE ARISING FROM ANY CLAIM RELATING TO THIS AGREEMENT OR ANY OF THE SERVICES PROVIDED HEREUNDER (INCLUDING DELIVERABLES ASSOCIATED THEREWITH), INCLUDING PERFORMANCE OR FAILURE TO PERFORM UNDER THIS AGREEMENT, OR (II) THE FURNISHING,
PERFORMANCE, OR USE OF ANY GOODS OR SERVICES SOLD OR PERFORMED PURSUANT HERETO, WHETHER BASED UPON AN ACTION OR CLAIM IN CONTRACT, TORT (INCLUDING NEGLIGENCE OR STRICT LIABILITY), BREACH OF WARRANTY, OR OTHERWISE, IN EACH CASE, EXCEPT IN THE CASE OF
GROSS NEGLIGENCE OR INTENTIONAL MISCONDUCT OF SUCH PARTY. FURTHER, THE LIABILITY OF PROVIDER TO RECIPIENT FOR ANY LOSS OR DAMAGE ARISING IN CONNECTION WITH PROVIDING THE SERVICES HEREUNDER SHALL NOT EXCEED THE TOTAL AMOUNT BILLED OR BILLABLE TO
RECIPIENT UNDER THIS AGREEMENT FOR THE SERVICE THAT IS THE SUBJECT OF THE DISPUTE. 
 (c)    EACH PARTY ACKNOWLEDGES AND
AGREES THAT, EXCEPT AS OTHERWISE PROVIDED IN THIS AGREEMENT, ALL SERVICES ARE PROVIDED ON AN “AS IS, WHERE IS” BASIS AND “WITH ALL FAULTS” AND THAT PROVIDER MAKES NO REPRESENTATIONS OR WARRANTIES, WHETHER EXPRESS, IMPLIED OR
STATUTORY, WITH RESPECT TO THE SERVICES TO BE PROVIDED HEREUNDER, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT WHICH ARE
SPECIFICALLY DISCLAIMED. 
 Section 7.02.    Indemnification. (a) Except to the extent otherwise
provided in this Agreement, Recipient shall indemnify, defend and hold harmless Provider and its Affiliates and all of their respective directors, 

  
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officers, employees, agents, successors and assigns against, any Damages which any such Person may sustain or incur arising out of, related to or resulting from the performance of the Services by
Provider or any of the members of its Group, including by reason of any claim, demand, suit or recovery by any third party, except to the extent such Damages arise out of or result from Provider’s or any of its Affiliates’ or
Subcontractors’ gross negligence or intentional misconduct. 
 (b)    Except to the extent otherwise provided in
this Agreement, Provider shall indemnify, defend and hold harmless Recipient and its Affiliates and all of their respective directors, officers, employees, agents, successors and assigns against, any Damages which any such Person may sustain or
incur arising out of, related to or resulting from Provider’s or any of its Affiliates’ or Subcontractors’ provision of any Services to Recipient or any of the members of its Group, including by reason of any claim, demand, suit or
recovery by any third party, solely to the extent such Damages are caused by the gross negligence or intentional misconduct of Provider of its Affiliates or Subcontractors. 

(c)    Section 5.04 of the Separation and Distribution Agreement is hereby incorporated into this Agreement by this
reference, mutatis mutandis, in relation to claims of indemnification made by Provider under Section 7.02(a) hereof. 

Section 7.03.    Obligation to Correct. In the event of any breach of this Agreement by Provider with respect
to any material error or defect in the provision of any individual Service, Provider shall, at Recipient’s request, correct such error or defect or re-perform such Service in a timely manner as promptly
as practical after Recipient’s request at the expense of Provider. 
 Section 7.04.    Exclusive
Remedy. The provisions of this Article VII shall be the sole and exclusive remedies of the Provider, Recipient or any of their Affiliates and all of their respective directors, officers, employees, agents, successors and assigns, as applicable,
for any Damages, whether arising from statute, principle of strict liability, tort, contract or any other theory of liability at law or in equity under this Agreement. 

ARTICLE VIII 

ACCESS AND DATA PROTECTION 

Section 8.01.    Access to Records and Properties. Recipient shall, during normal business hours and with
reasonable prior notice, in such a manner as to not interfere unreasonably with the conduct of the Kontoor Brands Business or the VF Business, as applicable, provide Provider (a) with access to or copies of information (including, if necessary,
its books and records) and (b) physical access to computer and communications systems, servers, software and other information technology equipment (“Systems”) in order to maintain or service such system servers, software and
equipment, in each case solely for the purposes of Provider’s provision of the Services and solely to the extent necessary for Provider to provide the Services. 

Section 8.02.    Systems. The parties will reasonably cooperate to ensure that only those persons who are
specifically authorized to have access to the Systems of Provider, Recipient or any of the members of their respective Group gain such access, and such persons shall access such Systems only for the limited purpose of supporting the provision of the
Services and shall abide by any and all access policies, procedures, rules and restrictions applicable to such Systems, including with respect to data security and applicable security, privacy and antitrust laws, that are provided to such person in
advance of such access or from time to time thereafter. The parties will take all reasonable steps to prevent the unauthorized or unlawful access, use, damage, disablement, destruction, alteration, disruption, impairment or loss of such Systems and
any information contained therein. 
 The parties acknowledge and agree that certain data protection matters resulting from the processing
of personal data relating to performance of the Services shall be addressed and governed by a Data Processing Agreement, substantially in the form attached as Exhibit [—] hereto, to be entered into by the parties, in accordance with
applicable privacy laws. 

  
 8 

 Section 8.03.    Cyber Events. In the event that either party (or
any member of its Group) becomes aware of an actual or suspected Cyber Event of any of the Systems used by or on behalf of either party (or any member of either party’s Group) that is reasonably likely to relate to or otherwise affect any
Service (including any data processing activities provided as part of any Service), then (a) such party shall immediately notify the other party, (b) to the extent that VF or any member of its Group is providing Incident Response
Management Services to the Kontoor Brands Group, VF shall, as promptly as practicable, initiate the response to such Cyber Event in accordance with its applicable incident response policies and procedures and the applicable Services Schedule, and
(c) to the extent that VF and the other members of its Group are no longer providing Incident Response Management Services to the Kontoor Brands Group, the representatives of each party shall, as promptly as practicable, meet, confer (including
by sharing all relevant information relating to such Cyber Event) and determine which party shall lead the response to such Cyber Event (such party, the “Responding Party”), which response shall be carried out in accordance with the
Responding Party’s applicable incident response policies and procedures. The parties acknowledge and agree that, in the event of any such Cyber Event, time shall be of the essence, and accordingly, in the case of the foregoing clause (c),
the determination of the Responding Party shall be made by VF in its sole discretion (after considering in good faith any comments from Kontoor Brands with respect thereto). 

ARTICLE IX 

MISCELLANEOUS 

Section 9.01.    Notice. Except with respect to routine communications in accordance with the terms of the
Governance Model, any notice, instruction, direction or demand under the terms of this Agreement required to be in writing shall be duly given upon delivery, if delivered by hand, facsimile transmission, mail, or
e-mail transmission to the following addresses: 
 If to VF to: 

VF Corporation 

105 Corporate Center Blvd. 

Greensboro, North Carolina 27408 

Attn: [—] 

Email: [—] 

with a copy to: 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 

New York, New York 10017 

Attn:     Marc O. Williams 

             Daniel Brass 

Email: marc.williams@davispolk.com 

            daniel.brass@davispolk.com 

If to Kontoor Brands to: 

Kontoor Brands, Inc. 

400 N. Elm Street, 

Greensboro, North Carolina 27401 

Attn: [—] 

Email: [—] 

  
 9 

 with a copy to: 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 

New York, New York 10017 

Attn:     Marc O. Williams 

             Daniel Brass 

Email: marc.williams@davispolk.com 

            daniel.brass@davispolk.com 

or such other address or facsimile number as such party may hereafter specify for the purpose by notice to the other party hereto. All such notices, requests
and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of receipt and such day is a Business Day in the place of receipt. Otherwise, any such notice, request or
communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt. 

Section 9.02.    Force Majeure. Provider shall not (and no Person acting on Provider’s behalf shall) be
responsible for a delay in or non-performance with respect to the delivery of any Service if the performance of such Service becomes impossible or impracticable, including, as a result of an act of god or
public enemy, war, terrorism, government acts or regulations, fire, flood, embargo, quarantine, epidemic, unusually severe weather or other cause similar to the foregoing (a “Force Majeure Event”); provided, however,
that Provider notifies the Recipient as soon as reasonably practicable, in writing, upon learning of the occurrence of the Force Majeure Event. Subject to compliance with this Section 9.02, Provider’s obligations hereunder with respect to
such Service shall be postponed for such time as its performance is suspended or delayed on account of the Force Majeure Event, and upon the cessation of the Force Majeure Event, Provider will use its commercially reasonable efforts to resume its
performance hereunder. 
 Section 9.03.    Confidentiality. Each party acknowledges that it or a member of
its Group may have in its possession, and, in connection with this Agreement, may receive, Confidential Information of the other party or any member of its Group (including information in the possession of such other party relating to its clients or
customers). Each party shall hold and shall cause its Representatives and the members of its Group and their Representatives to hold in strict confidence and not to use, except as permitted by this Agreement all such Confidential Information
concerning the other Group unless (a) such party or any of the members of its Group or its or their Representatives is compelled to disclose such Confidential Information by judicial or administrative process or by other requirements of
Applicable Law or (b) such Confidential Information can be shown to have been (i) in the public domain through no fault of such party or any of the members of its Group or its or their Representatives, (ii) lawfully acquired after the
Distribution Date on a non-confidential basis from other sources not known by such party to be under any legal obligation to keep such information confidential or (iii) developed by such party or any of
the members of its Group or its or their Representatives without the use of any Confidential Information of the other Group. Notwithstanding the foregoing, such party or member of its Group or its or their Representatives may disclose such
Confidential Information to the members of its Group and its or their Representatives so long as such Persons are informed by such party of the confidential nature of such Confidential Information and are directed by such party to treat such
information confidentially. The obligation of each party and the members of its Group and its and their Representatives to hold any such Confidential Information in confidence shall be satisfied if they exercise the same level of care with respect
to such Confidential Information as they would with respect to their own proprietary information. If such party or any of a member of its Group or any of its or their Representatives becomes legally compelled to disclose any documents or information
subject to this Section 9.03, such party will promptly notify the other party and, upon request, use commercially reasonable efforts to cooperate with the other party’s efforts to seek a protective order or other remedy. If no such
protective order or other remedy is obtained or if the other party waives in writing such party’s compliance with this Section 9.03, such party or the member of its Group or its or their Representatives may furnish only that portion of the
information which it concludes, after consultation with counsel, is legally required to be disclosed and will exercise its commercially reasonable efforts to 

  
 10 

 
obtain reliable assurance that confidential treatment will be accorded such information. Each party agrees to be responsible for any breach of this Section 9.03 by it, the members of its
Group and its and their Representatives. 
 Section 9.04.    No Partnership, Joint-Venture Or Agency
Created. The relationship of Provider and Recipient shall be that of independent contractors only. Nothing in this Agreement shall be construed as making one party a partner, joint-venturer, agent or legal representative of the other or
otherwise as having the power or authority to bind the other in any manner. 
 Section 9.05.    Successors and
Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; provided that neither party may assign, delegate or otherwise transfer
any of its rights or obligations under this Agreement without the consent of the other party hereto. If any party or any of its successors or permitted assigns (i) shall consolidate with or merge into any other Person and shall not be the
continuing or surviving corporation or entity of such consolidation or merger or (ii) shall transfer all or substantially all of its properties and assets to any Person, then, and in each such case, proper provisions shall be made so that the
successors and assigns of such party shall assume all of the obligations of such party under this Agreement. 

Section 9.06.    Counterparts; Effectiveness. This Agreement may be signed in any number of counterparts, each
of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by the other
party hereto. Until and unless each party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or
written agreement or other communication). 
 Section 9.07.    Interpretation; Incorporation of Terms by
Reference. This Agreement is an “Ancillary Agreement” as such term is defined in the Separation and Distribution Agreement and shall be interpreted in accordance with the terms of the Separation and Distribution Agreement in all
respects, provided that in the event of any conflict or inconsistency between the terms of this Agreement and the terms of the Separation and Distribution Agreement in respect of the subject matter of this Agreement, the terms of this
Agreement shall control in all respects. The captions herein are included for convenience of reference only and shall be ignored in the construction or interpretation hereof. 

Section 9.08.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws
of the State of New York, without regard to the conflicts of law rules of such state. 

Section 9.09.    Jurisdictions. The parties hereto agree that any suit, action or proceeding seeking to
enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in the United States District Court for the Southern District of New York or in any New
York State court sitting in New York City, so long as one of such courts shall have subject matter jurisdiction over such suit, action or proceeding, and that any cause of action arising out of this Agreement shall be deemed to have arisen from the
transaction of business in the State of New York, and each of the parties hereby irrevocably consents to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and
irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding brought in
any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any party anywhere in the world, whether within or outside of the jurisdiction of any such court. Without limiting the
foregoing, each party agrees that service of process on such party as provided in Section 9.01 shall be deemed effective service of process on such party. 

Section 9.10.    WAVIER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT
TO TRIAL BY JURY IN ANY LEGAL PROCEEDING 

  
 11 

 
ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 9.11.    Specific Performance. Each party to this Agreement acknowledges and agrees that damages for a
breach or threatened breach of any of the provisions of this Agreement would be inadequate and irreparable harm would occur. In recognition of this fact, each party agrees that, if there is a breach or threatened breach, in addition to any damages,
the other nonbreaching party to this Agreement, without posting any bond, shall be entitled to seek and obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction, attachment, or any
other equitable remedy which may then be available to obligate the breaching party (i) to perform its obligations under this Agreement or (ii) if the breaching party is unable, for whatever reason, to perform those obligations, to take any
other actions as are necessary, advisable or appropriate to give the other party to this Agreement the economic effect which comes as close as possible to the performance of those obligations (including, but not limited to, transferring, or granting
liens on, the assets of the breaching party to secure the performance by the breaching party of those obligations). 

Section 9.12.    Performance. Each party shall cause to be performed all actions, agreements and obligations
set forth herein to be performed by any member of such party’s Group. 
 Section 9.13.    Amendments; No
Waivers. (a) Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by VF and Kontoor Brands, or in the case of a waiver, by the party
against whom the waiver is to be effective. 
 (b)    No failure or delay by any party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided
shall be cumulative and not exclusive of any rights or remedies provided by Applicable Law. 
 * * * * * 

  
 12 

 IN WITNESS WHEREOF, each of the parties has caused this Agreement to be duly executed as of
the day and year first above written. 
  

			
	V.F. CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:
	
	KONTOOR BRANDS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 13 

 Exhibit [—] 

Data Processing Agreement 
 This Data
Processing Agreement (“DPA”) is entered into by and between 
  

	 	(i)	 LeeWrangler International Sagl, having its principal place of business at Via Vite 3 – 6855 Stabio
(Switzerland); in its own interest and also acting as principal entity for the EMEA region, on behalf of all Limited Risk Distributors companies and other affiliate companies belonging to the Kontoor Brands Group in the EMEA region (all together,
the “Controller”); 

  

	 	(ii)	 VF International Sagl having its principal place of business at Via Laveggio 5 – 6855 Stabio
(Switzerland), in its own interest and also acting as principal entity for the EMEA region, on behalf of all Limited Risk Distributors companies and other affiliate companies belonging to the VF Group in the EMEA region (all together, the
“Processor”); 

 (each a “Party” and collectively the “Parties”). 

PREAMBLE 
  

			
	Whereas, 	  	The Processor parent company VF Corporation, has separated into two independent publicly traded entities in the U.S.A.: VF Corporation and Kontoor Brands, Inc. (the Controllers’ parent company), which will hold
VF’s jeans (LEE and WRANGLER brands) business (“the Transaction”). The Controller hereunder is the Kontoor Brands Groups’ principal entity for the EMEA region.
		
	Whereas,	  	In the context of the Transaction VF Corporation and Kontoor Brands Inc. have entered into a transitional services agreement (“the Services Agreement”) in order to facilitate the orderly transition of the
Jeanswear Business from VF and the members of the VF Group to the Kontoor Brands Group.
		
	Whereas,	  	under the Services Agreement concluded, Processor agreed to provide the Controller with the services as further specified in Appendix 1 of this DPA (the “Services”);
		
	Whereas, 	  	in rendering the Services, the Processor may from time to time be provided with, or have access to, information of the Controller which may qualify as personal data within the meaning of the Regulation (EU) 2016/679 of the
European Parliament and of the Council of April 27, 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (“GDPR”) and the Swiss Federal Act on Data Protection
of June 19, 1992 (“FADP”) as well as other applicable data protection laws and provisions; and
		
	Whereas,	  	the Parties agree that the sets of data transfers covered by this DPA qualify as commissioned data processing as per Art. 28 of the GDPR with Processor qualifying as processor within the meaning of the GDPR and that they would
like to use this DPA as the required contractual processing agreement.

 NOW, THEREFORE, in order to adduce adequate safeguards with respect to the protection of privacy and
fundamental rights and freedoms of individuals for the transfer by the Controller to the Processor of the Personal Data specified in Appendix 1, the Parties have entered into this DPA as follows: 

1.    Definitions 
 For the purposes
of this DPA, the terminology and definitions as used by the GDPR shall apply. In addition, the terms defined throughout the DPA and below shall apply: 
  

			
	“Data Subject”	  	shall mean the natural or legal person whose data is processed.
		
	“Member State”	  	shall be understood as referring to a country that is a member of the European Union (“EU”) or the European Economic Area (“EEA”).
		
	“Personal Data”	  	shall mean any information relating to an identified or identifiable natural or legal person (Data Subject, as defined above).
		
	“Personality Profile”	  	shall mean a collection of data that permits an assessment of essential characteristics of the personality of a natural person.
		
	“Security Breach”	  	shall mean a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, Personal Data transmitted, stored or otherwise processed which affects the Personal
Data of the Controller covered by this DPA.
		
	“Sub-processor”	  	shall mean any further processor, located within or outside the EU/EEA, that is engaged by Processor as a sub-contractor for the performance of the Services or parts of the Services on
behalf of the Controller provided that such Sub-processor has access to the Personal Data of Controller exclusively for purposes of carrying out the subcontracted Services on behalf of the
Controller.

 2.     General responsibilities of the Parties 

2.1    Responsibilities of the Controller 

2.1.1    The Controller is responsible to confirm that the processing activities relating to the Personal Data, as specified in the
Services Agreement and this DPA, are lawful, fair and transparent in relation to the Data Subjects, as set out in Appendix 1. The Controller is responsible to confirm that Data Subjects are informed of the collection of special categories of
personal data or Personality Profiles, whereas Data Subjects must be notified of the Controller, the purpose of the processing and the categories of data recipients (article 14 FADP). 

2.1.2    The Controller is responsible to confirm before processing is carried out that the technical and organizational measures
of the Processor, as set out in Appendix 2, are appropriate and sufficient to protect the rights of the Data Subject. 

2.1.3    The Controller is responsible to comply with any notification and/or registration obligation set forth by the FADP prior
to the a transfer of Personal Data. 
 2.2    Obligations of the Processor 

2.2.1    The Processor agrees and warrants that it will process the Personal Data only on behalf of the Controller and in compliance
with its instructions and this DPA. If it cannot provide such compliance for whatever reasons, it agrees to inform promptly the Controller of its inability to comply, in which case, the Controller is entitled to suspend the transfer of data and/or
terminate the Service Agreement and this DPA. 

 2.2.3    The Processor is obliged to implement the technical and organizational
measures as specified in Appendix 2 before processing the Personal Data on behalf of the Controller. The Processor may amend the technical and organizational measures from time to time provided that the amended technical and organizational measures
are not less protective than those set out in Appendix 2. 
 2.2.4    The Processor agrees and warrants that it will deal
promptly and properly with all inquiries from the Controller relating to its processing of the Personal Data subject to the transfer and to abide by the advice of the supervisory authority with regard to the processing of the data transferred. 

2.2.5    The Processor shall be obliged to ensure that persons authorized to process the Personal Data on behalf of the Controller,
in particular employees of Processor and any Sub-processors, including their employees, process such Personal Data in compliance with the Controller’s instructions. 

2.2.6    The Processor is obliged to provide to the Controller the respective information on records of processing activities
relating to the services under this DPA, to the extent necessary for the Controller to comply with its obligation to maintain records of processing. 

2.2.7     If so required by the Controller, the Processor shall provide required assistance to the Controller in ensuring the
Controller’s compliance relating to data protection impact assessments and prior consultation with the supervisory authorities, taking into account the nature of the processing and the information available to the Processor. 

2.2.8     Whether the Processor has appointed a DPO (if required by applicable data protection law) and/or a representative (if the
Processor is established outside the Union), is obliged to provide the DPO (and/or representative) contact details to the Controller. 

2.2.9    The Processor is obliged - at the choice of the Controller - to delete or return to the Controller all Personal Data which
are processed by the Processor on behalf of the Controller under this DPA after the end of the provision of the Services, and delete any existing copies. Where the Processor is to delete the Personal Data, it shall certify to the Controller that it
has done so, unless EU or Member State law requires the Processor to retain such Personal Data. In that case, the Processor warrants that it will guarantee the confidentiality of the Personal Data transferred and will not actively process the
Personal Data transferred anymore. 
 2.2.10    The Processor shall not disclose or transfer any Personal Data processed on
behalf of the Controller to any third party, without previously informing the Controller and obtaining the Controller’s prior written consent, unless it is legally required or permitted to do so under applicable law. 

2.2.11    The Processor, and any Sub-processor appointed according to Section 8 of
this DPA, cooperates with the Controller and with the Supervisory Authority, upon request, in the provision of documents, in the performance of obligations and/or in any further tasks, when such tasks are requested directly or indirectly by a
Supervisory Authority. 
 2.3    The Parties are required to comply with those obligations under the GDPR, the FADP and under any
other applicable data protection laws that apply to the Controller in its role as data controller or to the Processor in its role as data processor. 

3.    Instructions 

3.1    As required by Section 2.2.1 of this DPA, the Processor is obliged to process the Personal Data only on behalf of the
Controller and in accordance with Controller’s instructions and the Services Agreement (including this DPA), including with regard to transfers of Personal Data to a third country or an international organization, unless the Processor is
required to do so by EU or EU Member State law to which the Processor is subject. In such a case, the Processor shall inform the Controller of that legal requirement under EU or EU Member State 

 
law before processing the Personal Data beyond the Controller’s instructions, unless that law prohibits such information on important grounds of public interest, in which case the
information to Controller shall specify the legal requirement under such EU or EU Member State law. 
 3.2    The Controller may
give specifications to such instructions provided in this DPA and the Services Agreement as well as further instructions. Any further instructions that go beyond the instructions contained in this DPA or the Services Agreement shall be within the
subject matter of the Services Agreement and this DPA. Otherwise, the further instruction requires a change request pursuant to the Services Agreement. 

3.3    Instructions shall be given in writing, unless the urgency or other specific circumstances require another (e.g. oral,
electronic) form. Instructions in another form than in writing or in electronic form shall be documented in appropriate form. 

3.4    The Processor shall, in addition to other notification obligations provided in this DPA, notify the Controller, without
undue delay, if it holds that an instruction violates applicable data protection laws (“Challenged Instruction”). Upon providing such notification, the Processor is not obliged to follow the Challenged Instruction. If the Controller
confirms the Challenged Instruction upon the Processor’s information and acknowledges its liability for the Challenged Instruction, the Processor will implement such Challenged Instruction, unless the Challenged Instruction relates to
(i) the implementation of technical and organizational measures, (ii) the rights of the Data Subjects, or (iii) the engagement of Sub-processors. In case of (i) to (iii), the Controller may
contact a competent supervisory authority for a legal assessment of the Challenged Instruction. If the supervisory authority declares the Challenged Instruction as lawful, the Processor shall follow the Challenged Instruction. 

4.    Monitoring, audits, and inspections by the Controller 

4.1    In order to assist the Controller with its legal obligation to diligently choose a service provider, the Processor shall
monitor, by appropriate means, its own compliance and the compliance of its employees and Sub-processors with the respective data protection obligations of the Processor laid down in Art. 28 of the GDPR and in
this DPA in connection with the services. The Processor is obliged to make available to the Controller any information necessary to demonstrate compliance with such obligations. To document such self-monitoring activities, the Processor will provide
to the Controller periodic (at least annual) and, if available, occasion-based reports (also on demand of the Controller) regarding such controls (“Audit Report”). The Audit Reports shall be limited to information and data
processing systems that are relevant to the Services but shall at least include confirmation of proper instruction to the employees and Sub-processors, compliance with the technical and organizational
measures, confirmation of commitment to data secrecy, any occurred data breaches and/or security incidents, and the required and/or recommended improvements. The Controller shall have the right to request such audit reports at any time in order to
control the Processor’s compliance with its data protection obligations. 
 4.2    Controller may request inspections
conducted by the Controller or another auditor mandated by the Controller (“On-Site Audit”). Such On-Site Audit is subject to the following conditions: (i) On-Site Audits are limited to processing facilities and personnel of the Processor involved in the processing activities covered by this DPA; (ii) On-Site Audits
occur no more than once annually or as required by applicable data protection law or by a competent supervisory authority or immediately subsequent to a material Security Breach that affected the Personal Data processed by the Processor under this
DPA; (iii) may be performed during regular business hours, without substantially disrupting the Processor’s business operations and in accordance with the Processor’s security policies, and after a reasonable prior notice; and
(iv) the Controller shall bear any costs arising out of or in connection with the On-Site Audit at the Controller and the Processor, unless such On-Site Audit
identified that the Processor is not in compliance with its obligations in Art. 28 of the GDPR, in this DPA or in any applicable data protection law in which case the Processor shall bear any such costs. The Controller may create an audit report
summarizing the findings and observations of the On-Site Audit (“On-Site Audit Report”). On-Site Audit Reports
as well as Audit Reports are confidential information of the Processor and the 

 
Controller will not disclose them to third parties except for the Controller’s legal counsel and consultants, the Controller’s data protection officer, the Controller’s employees,
and the other affiliates of the Controller or if the Controller is required to disclose the information under applicable data protection law or upon a request from a competent supervisory authority or if the Processor consented to the disclosure.

 5.    Data secrecy 

5.1    The Processor shall be obliged to ensure that persons authorized to process the Personal Data on behalf of the Controller, in
particular employees of Processor and any Sub-processors, including their employees, have committed themselves to confidentiality or are under an appropriate statutory obligation of confidentiality relating to
the Personal Data and processing activities covered by this DPA. Upon request, Processor will demonstrate compliance with this obligation. 

6.    Notification obligation and Security Breach 

6.1    In addition to other notification obligations provided in this DPA, the Processor shall notify Controller without undue delay
about: (i) any legally binding request for disclosure of the Personal Data by a law enforcement authority, unless otherwise prohibited (such as a prohibition under criminal law to preserve the confidentiality of a law enforcement
investigation), or any orders by courts and competent regulators/authorities relating to the processing of Personal Data under this DPA; (ii) any complaints or requests received directly from a Data Subject (e.g., regarding access,
rectification, erasure, restriction of processing, data portability, objection to processing of data, automated decision-making) without responding to that request unless the Processor has been otherwise authorized to do so or otherwise required by
applicable law; and (iii) any Security Breach as defined herein or by applicable data protection law relating to the Services provided by the Processor. 

In any case, the Processor shall communicate to the Controller within max of 4 hours that the Security Breach has occurred. Within the further max 20 hours
the Processor shall collect and provide to the Controller the following detailed information: 
  

	 	a)	 the type of breach 

  

	 	b)	 the nature, sensitivity, and volume of Personal Data impacted 

 

	 	c)	 ease of identification of individuals 

 

	 	d)	 severity of consequences for individuals (ex. physical harm, psychological distress, humiliation or damage to
reputation) 

  

	 	e)	 the list of Data Subjects affected by the Security Breach (when available) including the contact information

  

	 	f)	 the categories and approximate number of Data Subjects concerned and the categories and approximate number of
Personal Data records concerned 

  

	 	g)	 likely consequences for the Controller of the Personal Data breach suffered by the Processor and/or by Sub-processors 

  

	 	h)	 measures taken or to be taken to address the Personal Data breach, to mitigate the effects and to minimize any
damage resulting from the Security Breach. 

 The Processor shall assist the Controller with the Controller’s obligation under
applicable data protection law to inform the Data Subjects and the supervisory authorities, as applicable, by providing relevant information taking into account the nature of the processing and the information available to the Processor. 

6.2    The Processor will indemnify and hold the Controller harmless of any claims, damages, liabilities, assessments, losses,
costs, administrative fines and other expenses (including, without limitation, reasonable attorneys’ fees and legal expenses) arising out of or resulting from any claim, allegation, demand, suit, action,

 
order or any other proceeding by a third party (including supervisory authorities) which the Controller suffers due to a Security Breach caused by the Processor, Processor’s employees,
directors, managers, agents or other staff members or by Processor’s Sub-processors. 

7.    Response to Data Subject requests 

7.1     The Processor shall assist the Controller, especially through appropriate technical and organizational measures, insofar as
this is possible, with the fulfilment of the Controller’s obligation to respond to requests for exercising the Data Subject’s rights. 

7.2     In addition to the assistance specified above, the Controller may request and require additional assistance from the
Processor in order to comply with the rights exercised by the Data Subjects. The Controller is obliged to determine whether or not a Data Subject has a right to exercise any such Data Subject rights and to give specifications to the Processor to
what extent the assistance is required. 
 8.    Sub-processing 

8.1    The Processor shall not engage any Sub-processor without previously informing the
Controller and obtaining the Controller’s prior written consent. Provided that Processor obtains such prior specific authorization, Processor’s engagement of Sub-processors is subject to the
following conditions: 
  

	(a)	 The Processor shall choose such Sub-processor diligently with special
attention to its good standing and experience with the provision of the subcontracted Services and the suitability of its technical and organizational measures. The Processor shall enter into a written contract with any Sub-processor and such contract shall (i) impose upon the Sub-processor the same obligations as imposed by this DPA upon the Processor, to the extent applicable to the
subcontracted Services, (ii) describe the subcontracted Services, and (iii) describe the technical and organizational measures the Sub-processor has to implement pursuant to Appendix 2 of this DPA,
as applicable to the subcontracted Services. The Processor must promptly send the Controller a copy of the contract between the Processor and the Sub-processor. 

 

	(b)	 The Processor shall throughout the term of this DPA, at no charge to the Controller, actively monitor,
regularly audit and, where applicable, take steps to enforce the compliance by each Sub-processor with its obligations, report promptly to the Controller any detected or reported
non-compliance by the Sub-processor and all actions taken to remedy any non-compliance. If at any time a Sub-processor fails to remedy any non-compliance within a reasonable time after notice requiring remedy, the Controller may revoke the approval for such Sub-processor. Where the Sub-processor fails to fulfil its data protection obligations, the Processor shall remain fully liable to the Controller for the performance of the Sub-processor’s obligations. 

  

	(c)	 The Processor is required to inform the Controller at the latest 30 days before a Sub-processor (who must be engaged in compliance with this DPA) is granted access to the Personal Data covered by this DPA, thereby giving the Controller the opportunity to object to such Sub-processor. 

  

	(d)	 If the Controller has a legitimate reason, the Controller can revoke the approval of any Sub-processor at any time. In this case, Section 8(c) of this DPA shall apply mutatis mutandis. 

  

	(e)	 In case any Sub-processor is located outside the EU/EEA in a country
that is not recognized as providing an adequate level of data protection, the Processor will (i) ensure that the Controller and the Sub-processor enter into a direct data processing agreement based on the
Standard Contractual Clauses for the Transfer of Personal Data to Processors Established In Third Countries pursuant to Commission Decision 2010/87/EU of 5 February 2010, or (ii) provide the Controller with information on the Sub-processor’s certification under the Privacy Shield program and regularly, at least annually, re-confirm that the
Sub-processor’s certification under the Privacy Shield program is still valid, or (iii) provide the Controller with other information and relevant documentation on the mechanism for international
data transfers pursuant to Art. 46 of the GDPR that is used to lawfully disclose the Controller’s Personal Data to the Sub-processor. 

 8.2    The Controller hereby expressly approves the Sub-processors engaged by the Processor for providing the Services before and up to the date of signing of this DPA. 

9.     Local law compliance 

9.1    The Parties have the right to ask for changes to any part of this DPA to the extent required to satisfy any interpretations,
guidance or orders issued by competent Union or Member State authorities, the competent Swiss authorities, national implementation provisions, or other legal developments concerning the GDPR and FADP requirements for the commissioning of data
processors in general or other requirements for the commissioning of data processors. The Parties will agree on the necessary changes in good faith effort taking their obligation to carry out this contractual relationship in compliance with
applicable data protection law into account. 
 10.    Effectiveness, term and termination 

10.1    This DPA shall be effective from March 31st, 2019 and shall have the same term as the Services Agreement. Save as otherwise
agreed herein, termination rights and requirements shall be the same as set forth in the Services Agreement. 
 11.    Document
hierarchy 
 11.1    In the event of contradictions or inconsistencies between the provisions of this DPA and the Services
Agreement and/or other agreements between the Parties, the provisions of this DPA shall prevail with regard to the Parties’ data protection obligations. In case of doubt as to whether clauses in such other agreements relate to the Parties’
data protection obligations, this DPA shall prevail. 
 12.    Other provisions 

12.1    Each Party is liable for its obligations set out in this DPA and in applicable data protection law. Any liability arising
out of or in connection with a violation of the obligations of this DPA or under applicable data protection law, shall follow, and be governed by, the liability provisions set forth in, or otherwise applicable to, the Services Agreement, unless
otherwise provided within this DPA. If the liability is governed by the liability provisions set forth in, or otherwise applicable to, the Services Agreement, for the purpose of calculating liability caps and/or determining the application of other
limitations on liability, the liability occurring under this DPA shall be deemed to occur under the relevant Services Agreement. 

12.2    The Processor will defend, indemnify, and hold harmless the Controller and the officers, directors, employees, successors,
and agents of the Controller (collectively, “indemnified parties”) from all claims, damages, liabilities, assessments, losses, costs, administrative fines and other expenses (including, without limitation, reasonable attorneys’ fees
and legal expenses) arising out of or resulting from any claim, allegation, demand, suit, action, order or any other proceeding by a third party (including supervisory authorities) that arises out of or relates to the violation of the
Processor’s obligations under this DPA. 
 12.3    This DPA shall be governed by the laws of Switzerland, except as
otherwise stipulated by applicable data protection law. The place of jurisdiction for all disputes regarding this DPA shall be as determined by the Services Agreement, except as otherwise stipulated by applicable data protection law. 

12.4    Should any provision of this DPA be invalid or unenforceable, then the remainder of this DPA shall remain valid and in
force. The invalid or unenforceable provision shall be either (i) amended as necessary to ensure its validity and enforceability, while preserving the Parties’ intentions as closely as possible or - should this not be possible -
(ii) construed in a manner as if the invalid or unenforceable part had never been contained therein. The foregoing shall also apply if this DPA contains any omission. 

[Signatures on next page] 

			
	Signature for Controller
		
	 Name:
	 	  

		
	 Title:
	 	  

		
	 Date:
	 	  

		
	 Signature:
	 	  

	
	Signature for Processor
		
	 Name:
	 	  

		
	 Title:
	 	  

		
	 Date:
	 	  

		
	 Signature:EX-10.2

 Exhibit 10.2 

TAX MATTERS AGREEMENT 

between 
 VF Corporation,

 on behalf of itself 
 and
the members 
 of the VF Group, 

and 
 Kontoor Brands, Inc.,

 on behalf of itself 
 and
the members 
 of the Kontoor Brands Group 

Dated as of [—] 

 TABLE OF CONTENTS 

 
  

 

							
	 	 	 	  	PAGE	 
	 Section 1.
	 	Definitions.	  	 	1	 
	 Section 2.
	 	Sole Tax Sharing Agreement.	  	 	6	 
	 Section 3.
	 	Allocation of Taxes.	  	 	6	 
	 Section 4.
	 	Preparation and Filing of Tax Returns.	  	 	7	 
	 Section 5.
	 	Apportionment of Earnings and Profits and Tax Attributes.	  	 	9	 
	 Section 6.
	 	Utilization of Tax Attributes.	  	 	9	 
	 Section 7.
	 	Deductions and Reporting for Certain Awards.	  	 	10	 
	 Section 8.
	 	Tax Benefits.	  	 	11	 
	 Section 9.
	 	Certain Representations and Covenants.	  	 	11	 
	 Section 10.
	 	Tax Receivables Arrangements.	  	 	14	 
	 Section 11.
	 	Indemnities.	  	 	14	 
	 Section 12.
	 	Payments.	  	 	15	 
	 Section 13.
	 	Guarantees	  	 	16	 
	 Section 14.
	 	Communication and Cooperation	  	 	16	 
	 Section 15.
	 	Audits and Contest	  	 	17	 
	 Section 16.
	 	Notices	  	 	18	 
	 Section 17.
	 	Costs and Expenses.	  	 	18	 
	 Section 18.
	 	Effectiveness; Termination and Survival.	  	 	18	 
	 Section 19.
	 	Specific Performance	  	 	18	 
	 Section 20.
	 	Construction.	  	 	19	 
	 Section 21.
	 	Entire Agreement; Amendments and Waivers.	  	 	19	 
	 Section 22.
	 	Governing Law.	  	 	20	 
	 Section 23.
	 	Jurisdiction.	  	 	20	 
	 Section 24.
	 	Waiver of Jury Trial.	  	 	21	 
	 Section 25.
	 	Dispute Resolution.	  	 	21	 
	 Section 26.
	 	Counterparts; Effectiveness; Third-Party Beneficiaries.	  	 	21	 
	 Section 27.
	 	Successors and Assigns.	  	 	21	 
	 Section 28.
	 	Change in Tax Law.	  	 	21	 
	 Section 29.
	 	Performance.	  	 	21	 

  
 i 

 TAX MATTERS AGREEMENT 

This TAX MATTERS AGREEMENT (the “Agreement”) is entered into as of [—], 2019 between VF Corporation
(“VF”), a Pennsylvania corporation, on behalf of itself and the members of the VF Group and Kontoor Brands, Inc. (“Kontoor Brands”), a North Carolina corporation, on behalf of itself and the members of the Kontoor
Brands Group. 
 W I T N E S S E T H: 

WHEREAS, pursuant to the Tax laws of various jurisdictions, certain members of the Kontoor Brands Group presently file certain Tax Returns on
an affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) with certain members of the VF Group; 

WHEREAS, VF and Kontoor Brands have entered into a Separation and Distribution Agreement, dated as of the date hereof (the “Separation
Agreement”), pursuant to which the Contribution, the Distribution and other related transactions will be consummated; 
 WHEREAS,
the Restructuring, together with the Contribution and the Distribution, are intended to qualify for the Intended Tax Treatment; and 

WHEREAS, VF and Kontoor Brands desire to set forth their agreement on the rights and obligations of VF, Kontoor Brands and the members of the
VF Group and the Kontoor Brands Group respectively, with respect to (a) the administration and allocation of federal, state, local and foreign Taxes incurred in Taxable periods beginning prior to the Distribution Date, (b) Taxes resulting
from the Distribution and transactions effected in connection with the Distribution and (c) various other Tax matters. 
 NOW,
THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth, the parties agree as follows: 
 
Section 1. Definitions. (a) As used in this Agreement:  

“Active Trade or Business” has the meaning ascribed to the Jeanswear Business in the Separation Agreement. 

“Affiliate” has the meaning set forth in the Separation Agreement. 

“Agreement” has the meaning set forth in the preamble. 

“Applicable Law” (or “Applicable Tax Law,” as the case may be) means, with respect to any Person, any
federal, state, county, municipal, local, multinational or foreign statute, treaty, law, common law, ordinance, rule, regulation, order, writ, injunction, judicial decision, decree, permit or other legally binding requirement of any Governmental
Authority applicable to such Person or any of its respective properties, assets, officers, directors, employees, consultants or agents (in connection with such officer’s, director’s, employee’s, consultant’s or agent’s
activities on behalf of such Person). 
 “Business Day” has the meaning set forth in the Separation Agreement. 

“Closing of the Books Method” means the apportionment of items between portions of a Taxable period based on a closing of the
books and records on the close of the Distribution Date (in the event that the Distribution Date is not the last day of the Taxable period, as if the Distribution Date were the last day of the Taxable period), subject to adjustment for items accrued
on the Distribution Date that are properly allocable to 

  
 1 

 
the Taxable period following the Distribution, as determined by VF in accordance with Applicable Law; provided that Taxes not based upon or measured by net or gross income or specific
events shall be apportioned between the Pre- and Post-Distribution Periods on a pro rata basis in accordance with the number of days in each Taxable period. 

“Code” has the meaning set forth in the Separation Agreement. 

“Combined Group” means any group consisting of at least one member that filed or was required to file (or will file or be
required to file) a Tax Return on an affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) that includes at least one member of the VF Group and at least one member
of the Kontoor Brands Group. 
 “Combined Tax Return” means a Tax Return filed in respect of federal, state, local or
foreign income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group. 

“Company” means VF or Kontoor Brands (or the appropriate member of each of their respective Groups), as appropriate. 

“Contribution” has the meaning set forth in the Separation Agreement. 

“Distribution” has the meaning set forth in the Separation Agreement. 

“Distribution Date” has the meaning set forth in the Separation Agreement. 

“Distribution Documents” has the meaning set forth in the Separation Agreement. 

“Distribution Taxes” means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the
Restructuring, the Contribution or the Distribution. 
 “Distribution Time” has the meaning set forth in the Separation
Agreement. 
 “Equity Interests” means any stock or other securities treated as equity for Tax purposes, options, warrants,
rights, convertible debt, or any other instrument or security that affords any Person the right, whether conditional or otherwise, to acquire stock or to be paid an amount determined by reference to the value of stock. 

“Existing GRAs” has the meaning set forth on Schedule D to this Agreement. 

“Final Determination” means (i) with respect to federal income Taxes, (A) a “determination” as defined in
Section 1313(a) of the Code (including, for the avoidance of doubt, an executed IRS Form 906) or (B) the execution of an IRS Form 870-AD (or any successor form thereto), as a final resolution of Tax
liability for any Taxable period, except that a Form 870-AD (or successor form thereto) that reserves the right of the taxpayer to file a claim for refund or the right of the IRS to assert a further deficiency
shall not constitute a Final Determination with respect to the item or items so reserved; (ii) with respect to Taxes other than federal income Taxes, any final determination of liability in respect of a Tax that, under Applicable Tax Law, is
not subject to further appeal, review or modification through proceedings or otherwise; (iii) with respect to any Tax, any final disposition by reason of the expiration of the applicable statute of limitations (giving effect to any extension,
waiver or mitigation thereof); or (iv) with respect to any Tax, the payment of such Tax by any member of the VF Group or any member of the Kontoor Brands Group, whichever is responsible for payment of such Tax under Applicable Tax Law, with
respect to any item disallowed or adjusted by a Taxing Authority; provided, in the case of this clause (iv), that the provisions of Section 15 hereof have been complied with, or, if such section is inapplicable, that
the Company responsible under this Agreement for such Tax is notified by the Company paying such Tax that it has determined that no action should be taken to recoup such disallowed item, and the other Company agrees with such determination. 

  
 2 

 “Governmental Authority” has the meaning set forth in the Separation
Agreement. 
 “Group” has the meaning set forth in the Separation Agreement. 

“HDL Reorganization” means the contribution of the stock of H.D. Lee Company, Inc. to Kontoor Brands followed by the
conversion of H.D. Lee Company, Inc. to a Delaware limited liability company. 
 “Indemnifying Party” means the party from
which another party is entitled to seek indemnification pursuant to the provisions of Section 11. 

“Indemnitee” means the party which is entitled to seek indemnification from another party pursuant to the provisions of
Section 11. 
 “Intended Tax Treatment” means the (A) qualification of (i) the HDL
Reorganization as a reorganization described in Section 368(a)(1)(F) of the Code, (ii) the Wrangler Reorganization as a reorganization described in Section 368(a)(1)(C) of the Code, (iii) the Contribution, other than the HDL
Reorganization and the Wrangler Reorganization, together with the Distribution, as a reorganization described in Section 368(a)(1)(D) of the Code and of each of VF and Kontoor Brands as a “party to the reorganization” within the
meaning of Section 368(b) of the Code and (iv) the Distribution, as such, as a distribution of Kontoor Brands Common Stock to VF’s shareholders pursuant to Section 355 of the Code and (B) the intended Tax consequences of the
transactions described on Schedule A as set forth therein. 
 “IRS” has the meaning set forth in the Separation
Agreement. 
 “Jeanswear Business” has the meaning set forth in the Separation Agreement. 

“Kontoor Brands Carried Item” shall mean any Tax Attribute of the Kontoor Brands Group that may or must be carried from one
Taxable period to another prior Taxable period, or carried from one Taxable period to another subsequent Taxable period, under the Code or other Applicable Tax Law. 

“Kontoor Brands Common Stock” has the meaning set forth in the Separation Agreement. 

“Kontoor Brands Compensatory Equity Interests” means any options, stock appreciation rights, restricted stock, stock units or
other rights with respect to the capital stock of Kontoor Brands that are granted on or prior to the Distribution Time by any member of the Kontoor Brands Group in connection with employee, independent contractor or director compensation or other
employee benefits. 
 “Kontoor Brands Disqualifying Action” means (a) any action (or the failure to take any action)
by any member of the Kontoor Brands Group after the Distribution Time (including entering into any agreement, understanding or arrangement or any negotiations with respect to any transaction or series of transactions), (b) any event (or series
of events) after the Distribution Time involving the capital stock of Kontoor Brands or any assets of any member of the Kontoor Brands Group or (c) any breach by any member of the Kontoor Brands Group after the Distribution Time of any
representation, warranty or covenant made by them in this Agreement, that, in each case, would affect the Intended Tax Treatment; provided, however, that the term “Kontoor Brands Disqualifying Action” shall not
include any action entered into pursuant to any Distribution Document (other than this Agreement) or that is undertaken pursuant to the Restructuring, the Contribution or the Distribution. 

“Kontoor Brands Group” has the meaning set forth in the Separation Agreement. 

“Kontoor Brands Separate Tax Return” means any Tax Return that is required to be filed by, or with respect to, any member of
the Kontoor Brands Group that is not a Combined Tax Return. 
 “Person” has the meaning set forth in
Section 7701(a)(1) of the Code. 

  
 3 

 “Post-Distribution Period” means any Taxable period (or portion thereof)
beginning after the Distribution Date. 
 “Pre-Distribution Period” means any
Taxable period (or portion thereof) ending on or before the Distribution Date. 
 “Restructuring” has the meaning set forth
in the Separation Agreement. 
 “Separation Agreement” has the meaning set forth in the recitals. 

“Specified Event” means (i) any failure of the Intended Tax Treatment with respect to (x) the Restructuring
(including the HDL Reorganization, the Wrangler Reorganization and the transactions described in Schedule A), (y) the Contribution or (z) the Distribution or (ii) any event that results in (x) a Tax with respect to a Pre-Distribution
Period imposed on any member of the VF Group and (y) a Tax Attribute with respect to any member of the Kontoor Brands Group. 

“Tax” (and the correlative meaning, “Taxes,” “Taxing” and “Taxable”) means
(i) any tax, including any net income, gross income, gross receipts, recapture, alternative or add-on minimum, sales, use, business and occupation, value-added, trade, goods and services, ad valorem,
franchise, profits, net wealth, license, business royalty, withholding, payroll, employment, capital, excise, transfer, recording, severance, stamp, occupation, premium, property, asset, real estate acquisition, environmental, custom duty, impost,
obligation, assessment, levy, tariff or other tax, governmental fee or other like assessment or charge of any kind whatsoever, together with any interest and any penalty, addition to tax or additional amount imposed by a Taxing Authority; or
(ii) any liability of any member of the VF Group or the Kontoor Brands Group for the payment of any amounts described in clause (i) as a result of any express or implied obligation to indemnify any other Person. 

“Tax Attribute” means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess
charitable contribution, unused general business credit, alternative minimum tax credit or any other Tax Item that could reduce a Tax liability. 

“Tax Benefit” means any refund, credit, offset or other reduction in
otherwise required Tax payments. 
 “Tax Adviser” means Davis Polk & Wardwell LLP or Ernst & Young LLP
(or both of them), as applicable. 
 “Tax Item” means any item of income, gain, loss, deduction, credit, recapture of
credit or any other item that can increase or decrease Taxes paid or payable. 
 “Tax Opinions” shall mean the legal
opinions delivered to VF by Tax Advisers with respect to certain U.S. federal income Tax consequences of the Restructuring, the Contribution and the Distribution. 

“Tax Proceeding” means any Tax audit, dispute, examination, contest, litigation, arbitration, action, suit, claim, cause of
action, review, inquiry, assessment, hearing, complaint, demand, investigation or proceeding (whether administrative, judicial or contractual). 

“Tax-Related Losses” means, with respect to any Taxes imposed pursuant to any
settlement, determination, judgment or otherwise, (i) all accounting, legal and other professional fees, and court costs incurred in connection with such Taxes, as well as any other out-of-pocket costs incurred in connection with such Taxes and (ii) all damages, costs, and expenses associated with stockholder litigation or controversies and any amount paid by any member of the VF
Group or any member of the Kontoor Brands Group in respect of the liability of shareholders, whether paid to shareholders or to the IRS or any other Taxing Authority, in each case, resulting from the failure of the Intended Tax Treatment of the
Restructuring, the Contribution or the Distribution. 

  
 4 

 “Tax Representation Letters” means the representations provided by Kontoor
Brands and VF to Tax Advisers in connection with the rendering by Tax Advisers of the Tax Opinions. 
 “Tax Return” means
any Tax return, statement, report, form, election, bill, certificate, claim or surrender (including estimated Tax returns and reports, extension requests and forms, and information returns and reports), or statement or other document or written
information filed or required to be filed with any Taxing Authority, including any amendment thereof, appendix, schedule or attachment thereto. 

“Taxing Authority” means any Governmental Authority (domestic or foreign), including, without limitation, any state,
municipality, political subdivision or governmental agency, responsible for the imposition, assessment, administration, collection, enforcement or determination of any Tax. 

“Transfer Taxes” means all U.S. federal, state, local or foreign sales, use, privilege, transfer, documentary, stamp, duties,
real estate transfer, controlling interest transfer, recording and similar Taxes and fees (including any penalties, interest or additions thereto) imposed upon any member of the VF Group or any member of the Kontoor Brands Group in connection with
the Restructuring, the Contribution or the Distribution. 
 “VF” has the meaning ascribed thereto in the preamble. 

“VF Business” has the meaning set forth in the Separation Agreement. 

“VF Compensatory Equity Interests” means any options, stock appreciation rights, restricted stock, stock units or other
rights with respect to VF stock that are granted on or prior to the Distribution Date by any member of the VF Group in connection with employee, independent contractor or director compensation or other employee benefits (including, for the avoidance
of doubt, options, stock appreciation rights, restricted stock, restricted stock units, performance share units or other rights issued in respect of any of the foregoing by reason of the Distribution or any subsequent transaction). 

“VF Group” has the meaning set forth in the Separation Agreement. 

“VF Separate Tax Return” means any Tax Return that is required to be filed by, or with respect to, a member of the VF Group
that is not a Combined Tax Return. 
 “Wrangler Reorganization” means the contribution of the stock of Wrangler Apparel
Corp. to Kontoor Brands followed by the conversion of Wrangler Apparel Corp. to a Delaware limited liability company. 
 (b) Each of the
following terms is defined in the Section set forth opposite such term: 
  

			
	 Term
	  	 Section

	 Due Date
	  	Section 12(a)
	 Internal Tax-Free Transactions
	  	Schedule A
	 Internal Specified Transactions
	  	Schedule A
	 Past Practices
	  	Section 4(f)(i)
	 Section 336(e) Election
	  	Section 10(a)
	 Section 9(b)(iv)(F) Acquisition Transaction
	  	Section 9(b)(iv)(G)
	 Tax Arbiter
	  	Section 25
	 Tax Benefit Recipient
	  	Section 8(c)

 (c) All capitalized terms used but not defined herein shall have the same meanings as in the Separation
Agreement. Any term used in this Agreement which is not defined in this Agreement or the Separation Agreement shall, to the extent the context requires, have the meaning assigned to it in the Code or the applicable Treasury Regulations thereunder
(as interpreted in administrative pronouncements and judicial decisions) or in comparable provisions of Applicable Tax Law. 

  
 5 

 Section 2. Sole Tax Sharing Agreement.
Any and all existing Tax sharing agreements or arrangements, written or unwritten, between any member of the VF Group, on the one hand, and any member of the Kontoor Brands Group, on the other hand, if not previously terminated, shall be
terminated as of the Distribution Date without any further action by the parties thereto. Following the Distribution, no member of the Kontoor Brands Group or the VF Group shall have any further rights or liabilities thereunder, and, except for
Section 6.08 of the Separation Agreement, Section 5.01 of the Transition Services Agreement, and Section 8.05 of the Employee Matters Agreement, this Agreement shall be the sole Tax sharing agreement between the members of the Kontoor Brands Group
on the one hand, and the members of the VF Group, on the other hand. 
 Section 3. Allocation of
Taxes. 
 (a) General Allocation Principles. Except as provided in Section 3(c), all Taxes shall be
allocated as follows: 
 (i) Allocation of Taxes for Combined Tax Returns. VF shall be allocated all Taxes reported,
or required to be reported, on any Combined Tax Return that any member of the VF Group files or is required to file under the Code or other Applicable Tax Law; provided, however, that to the extent any such Combined Tax Return includes any
Tax Item attributable to any member of the Kontoor Brands Group in respect of any Post-Distribution Period, Kontoor Brands shall be allocated all Taxes attributable to such Tax Items as determined by VF in its reasonable discretion. 

(ii) Allocation of Taxes for Separate Tax Returns.  

(A) VF shall be allocated all Taxes reported, or required to be reported, on (x) a VF Separate Tax Return and (y) a
Kontoor Brands Separate Tax Return with respect to a Pre-Distribution Period. 
 (B)
Kontoor Brands shall be allocated all Taxes reported, or required to be reported, on a Kontoor Brands Separate Tax Return with respect to a Post-Distribution Period. 

(iii) Taxes Not Reported on Tax Returns. 

(A) VF shall be allocated any Tax attributable to any member of the VF Group that is not required to be reported on a Tax
Return. 
 (B) Any Tax attributable to any member of the Kontoor Group that is not required to be reported on a Tax Return
shall be allocated to, (x) if with respect to a Pre-Distribution Period, VF and, (y) if with respect to a Post-Distribution Period, Kontoor Brands.  

(b) Allocation Conventions. 

(i) All Taxes allocated pursuant to Section 3(a) shall be allocated in accordance with the Closing of
the Books Method; provided, however, that if Applicable Tax Law does not permit a Kontoor Brands Group member to close its Taxable year on the Distribution Date, the Tax attributable to the operations of the members of the Kontoor
Brands Group for any Pre-Distribution Period shall be the Tax computed using a hypothetical closing of the books consistent with the Closing of the Books Method (except to the extent otherwise agreed upon by
VF and Kontoor Brands); provided further that any and all Taxes under Section 951(a) or Section 951A(a) of the Code attributable to any member of the Kontoor Brands Group (whether included in gross income by a member of the VF Group
or the Kontoor Brands Group) (x) with respect to any period beginning on or after April 1, 2019 shall be allocated to Kontoor Brands (y) with respect to the members of the Kontoor Brands Group set forth on Schedule B, shall be
allocated as if such member’s Taxable year ended as of [—], 2019 using such conventions as VF determines in its reasonable discretion. 

(ii) Any Tax Item of Kontoor Brands or any member of the Kontoor Brands Group arising from a transaction engaged in outside the
ordinary course of business on the Distribution Date after the Distribution Time shall be allocable to Kontoor Brands and any such transaction by or with respect to Kontoor Brands or 

  
 6 

 
any member of the Kontoor Brands Group occurring after the Distribution Time shall be treated for all Tax purposes (to the extent permitted by Applicable Tax Law) as occurring at the beginning of
the day following the Distribution Date in accordance with the principles of Treasury Regulations Section 1.1502-76(b) (assuming no election is made under Treasury Regulations Section 1.1502-76(b)(2)(ii) (relating to a ratable allocation of a year’s Tax Items)); provided that the foregoing shall not include any action that is undertaken pursuant to the Restructuring, the
Contribution or the Distribution. 
 (c) Special Allocation Rules. Notwithstanding any other provision in this
Section 3, the following Taxes shall be allocated as follows: 
 (i) Taxes Relating to VF
Compensatory Equity Interests. Any Tax liability (including, for the avoidance of doubt, the satisfaction of any withholding Tax obligation) relating to the issuance, exercise, vesting or settlement of any VF Compensatory Equity Interest shall
be allocated in a manner consistent with Section 7. 
 (ii) Distribution Taxes and Tax-Related Losses. Any liability for Distribution Taxes and Tax-Related Losses resulting from a Kontoor Brands Disqualifying Action shall be allocated in a manner
consistent with Section 11(a)(iii). 
 (iii) Section 965 Taxes. Any installment
payments required to be made pursuant to the election made by a member of the VF Group or a member of the Kontoor Brands Group (that was a member of such Kontoor Brands Group prior to the Distribution Date) under Section 965(h) of the Code, and
any adjustments thereto, shall be allocated to VF. 
 Section 4. Preparation and Filing of Tax
Returns. 
 (a) VF Group Combined Tax Returns. 

(i) VF shall prepare and file, or cause to be prepared and filed, Combined Tax Returns for which a member of the VF Group is
required or, as provided in Section 4(f)(iv), elects, to file a Combined Tax Return. Each member of any such Combined Group shall execute and file such consents, elections and other documents as may be required, appropriate
or otherwise requested by VF in connection with the filing of such Combined Tax Returns. 
 (ii) To the extent the Combined
Tax Return reflects operations of Kontoor Brands Group for a Taxable period that includes the Distribution Date, VF shall include in such Combined Tax Return the results of such member of the Kontoor Brands Group, as the case may be, on the basis of
the Closing of the Books Method to the extent permitted by Applicable Tax Law. 
 (b) Kontoor Brands Separate Tax Returns. 

(i) Tax Returns to Be Prepared by VF. VF shall prepare (or cause to be prepared) and, to the extent permitted by
Applicable Law, file (or cause to be filed) all Kontoor Brands Separate Tax Returns for any Taxable period that ends on or before the Distribution Date; provided, however, that with respect to any such Tax Return that is prepared by VF but
required to be filed by a member of the Kontoor Brands Group under Applicable Law, VF shall provide such Tax Returns to Kontoor Brands at least thirty (30) days prior to the due date for filing such Tax Returns (taking into account any
applicable extension periods) with the amount of any Taxes shown as due thereon, and Kontoor Brands shall, subject to Section 4(d), execute and file (or cause to be executed and filed) the Tax Returns. 

(ii) Tax Returns to Be Prepared by Kontoor Brands. Kontoor Brands shall prepare and file (or cause to be prepared and
filed) all Kontoor Brands Separate Tax Returns that are not described in Section 4(b)(i). 
 (c) Provision of
Information; Timing. Kontoor Brands shall maintain all necessary information for VF (or any of its Affiliates) to file any Tax Return that VF is required or permitted to file under this Section 4, and shall provide to
VF all such necessary information in accordance with the VF Group’s past practice. VF shall maintain 

  
 7 

 
all necessary information for Kontoor Brands (or any of its Affiliates) to file any Tax Return that Kontoor Brands is required or permitted to file under this Section 4,
and shall provide Kontoor Brands with all such necessary information in accordance with the Kontoor Brands Group’s past practice. 

(d) Review of Kontoor Brands Separate Tax Returns. The party that is required to prepare a Kontoor Brands Separate Tax Return (other
than a Kontoor Brands Separate Tax Return that relates solely to a Post-Distribution Period) that is required to be filed after the Distribution Date shall submit a draft of such Tax Return to the
non-preparing party, if requested. The Party responsible for preparing (or causing to be prepared) the relevant Tax Return shall (x) use its reasonable best efforts to make such Tax Return available for
review as required under this paragraph sufficiently in advance of the due date for filing of such Tax Return to provide the requesting Party with a meaningful opportunity to analyze and comment on such Tax Return and (y) use reasonable efforts
to have such Tax Return modified before filing, taking into account the Person responsible for payment of the Tax (if any) reported on such Tax Return and whether the amount of Tax liability with respect to such Return is material. The Parties shall
attempt in good faith to resolve any issues arising out of the review of such Tax Return. 
 (e) Review of Combined Tax Returns with
Kontoor Brands Tax Liability. If requested by Kontoor Brands, VF shall submit to Kontoor Brands a draft of the portions of any Combined Tax Returns that relate solely to any member of the Kontoor Brands Group and that reflect a Tax liability
allocated to Kontoor Brands pursuant to Section 3(a)(i). VF shall use (x) its commercially reasonable best efforts to make such portions of a Tax Return available for review as required under this paragraph
sufficiently in advance of the due date for filing of such Tax Return to provide Kontoor Brands with a meaningful opportunity to analyze and comment on such portions of such Tax Return and (y) commercially reasonable best efforts to have such
Tax Return modified before filing, taking into account the materiality of the Tax liability with respect to such Tax Return. 
 (f)
Special Rules Relating to the Preparation of Tax Returns. 
 (i) General Rule. Except as provided in this
Section 4(f)(i), Kontoor Brands shall prepare (or cause to be prepared) any Tax Return for which it is responsible under this Section 4 in accordance with past practices, accounting methods,
elections or conventions (“Past Practices”) used by the members of the VF Group prior to the Distribution Date with respect to such Tax Return, and to the extent any items, methods or positions are not covered by Past
Practices, as directed by VF; provided, however, it shall not be a violation of this Section 4(f)(i) if Kontoor Brands validly changes its Taxable year to a “52/53” year end under Section 441(f). 

(ii) Consistency with Intended Tax Treatment. All Tax Returns that include any member of the VF Group or any member of
the Kontoor Brands Group shall be prepared in a manner that is consistent with the Intended Tax Treatment. 
 (iii)
Kontoor Brands Separate Tax Returns. With respect to any Kontoor Brands Separate Tax Return for which Kontoor Brands is responsible pursuant to this Agreement, Kontoor Brands and the other members of the Kontoor Brands Group shall include
such Tax Items in such Kontoor Brands Separate Tax Return in a manner that is consistent with the inclusion of such Tax Items in any related Tax Return for which VF is responsible to the extent such Tax Items are allocated in accordance with this
Agreement. 
 (iv) Election to File Combined Tax Returns. VF shall have the sole discretion to file any Combined Tax
Return if the filing of such Tax Return is elective under Applicable Tax Law. 
 (v) Preparation of Transfer Tax
Returns. The Company required under Applicable Tax Law to file any Tax Returns in respect of Transfer Taxes shall prepare and file (or cause to be prepared and filed) such Tax Returns. If required by Applicable Tax Law, VF and Kontoor Brands
shall, and shall cause their respective Affiliates to, cooperate in preparing and filing, and join the execution of, any such Tax Returns. 

(g) Payment of Taxes. VF shall pay (or cause to be paid) to the proper Taxing Authority (or to Kontoor Brands with respect to any
Kontoor Brands Separate Tax Return prepared by VF but required to be filed by a 

  
 8 

 
member of the Kontoor Brands Group under Applicable Tax Law) the Tax shown as due on any Tax Return for which a member of the VF Group is responsible under this
Section 4, and Kontoor Brands shall pay (or cause to be paid) to the proper Taxing Authority the Tax shown as due on any Tax Return for which a member of the Kontoor Brands Group is responsible under this
Section 4. If any member of the VF Group is required to make a payment to a Taxing Authority for Taxes allocated to Kontoor Brands under Section 3, Kontoor Brands shall pay the amount of such Taxes
to VF in accordance with Section 11 and Section 12. If any member of the Kontoor Brands Group is required to make a payment to a Taxing Authority for Taxes allocated to VF under
Section 3, VF shall pay the amount of such Taxes to Kontoor Brands in accordance with Section 11 and Section 12. 

Section 5. Apportionment of Earnings and Profits and Tax Attributes. 

(a) Tax Attributes arising in a Pre-Distribution Period will be allocated to (and the benefits and
burdens of such Tax Attributes will inure to) the members of the VF Group and the members of the Kontoor Brands Group in accordance with VF’s historical practice (including historical methodologies for making corporate allocations), the Code,
Treasury Regulations, and any applicable state, local and foreign law, as determined by VF in its sole discretion. 
 (b) VF shall in good
faith, based on information reasonably available to it, advise Kontoor Brands no later than May 1, 2020 in writing of VF’s estimate of the portion, if any, of any earnings and profits, previously taxed earnings and profits (within the
meaning of Section 959 of the Code (“PTI”)), Tax Attributes, tax basis, overall foreign loss or other consolidated, combined or unitary attribute which VF determines is expected to be allocated or apportioned to the members of
the Kontoor Brands Group under Applicable Tax Law. As soon as reasonably practicable after the close of the relevant Taxable period in which the Distribution occurs and in no event later than December 31, 2020, VF shall advise Kontoor Brands in
writing of any adjustments to the previously delivered estimates of the portion of earnings and profits, Tax Attributes, tax basis, overall foreign loss or other consolidated, combined or unitary attribute determined by VF. For the avoidance of
doubt, VF shall not be liable to any member of the Kontoor Brands Group for any failure of any determination under this Section 5(b) to be accurate under Applicable Tax Law, provided such determination was made in good
faith. All members of the Kontoor Brands Group shall prepare all Tax Returns in accordance with the written notices provided by VF to Kontoor Brands pursuant to this Section 5(b). 

(c) Except as otherwise provided herein, to the extent that the amount of any earnings and profits, PTI, Tax Attributes, tax basis, overall
foreign loss or other consolidated, combined or unitary attribute allocated to members of the VF Group or the Kontoor Brands Group pursuant to Section 5(b) is later reduced or increased by a Taxing Authority or as a result
of a Tax Proceeding, such reduction or increase shall be allocated to the Company to which such earnings and profits, Tax Attributes, tax basis, overall foreign loss or other consolidated, combined or unitary attribute was allocated pursuant to this
Section 5, as determined by VF in good faith. 
 Section 6. Utilization of
Tax Attributes. 
 (a) Amended Returns. Any amended Tax Return or claim for a refund with respect to any member of the Kontoor
Brands Group may be made only by the party responsible for preparing the original Tax Return with respect to such member of the Kontoor Brands Group pursuant to Section 4. 

(b) VF Discretion. Kontoor Brands hereby agrees that VF shall be entitled to determine in its sole discretion whether to (x) file
or to cause to be filed any claim for a refund or adjustment of Taxes with respect to any Combined Tax Return in order to claim in any Pre-Distribution Period any Kontoor Brands Carried Item, (y) make or
cause to be made any available elections to waive the right to claim in any Pre-Distribution Period, with respect to any Combined Tax Return, any Kontoor Brands Carried Item, and (z) make or cause to be
made any affirmative election to claim in any Pre-Distribution Period any Kontoor Brands Carried Item. Subject to Section 6(c), Kontoor Brands shall submit a written request to VF in
order to seek VF’s consent with respect to any of the actions described in this Section 6(b). 

  
 9 

 (c) Kontoor Brands Carrybacks to Combined Tax Returns.  

(i) Each member of the Kontoor Brands Group shall elect, to the extent permitted by Applicable Tax Law, to forgo the right to
carry back any Kontoor Brands Carried Item from a Post-Distribution Period to a Combined Tax Return. 
 (ii) If a member of
the Kontoor Brands Group determines that it is required by Applicable Tax Law to carry back any Kontoor Brands Carried Item to a Combined Tax Return, it shall notify VF in writing of such determination at least 90 days prior to filing the Tax Return
on which such carryback will be reflected. If VF disagrees with such determination, the parties shall resolve their disagreement pursuant to the procedures set forth in Section 25. 

(iii) For the avoidance of doubt, if a Kontoor Brands Carried Item is carried back to a Combined Tax Return for any reason, no
member of the VF Group shall be required to make any payment to, or otherwise compensate, any member of the Kontoor Brands Group in respect of such Kontoor Brands Carried Item. 

(d) Carryforwards to Separate Tax Returns. If a portion or all of any Tax Attribute is allocated to a member of a Combined Group
pursuant to Section 5, and is carried forward or back to a Kontoor Brands Separate Tax Return, any Tax Benefits arising from such carryforward shall be retained by the Kontoor Brands Group. If a portion or all of any Tax
Attribute is allocated to a member of a Combined Group pursuant to Section 5, and is carried forward or back to a VF Separate Tax Return, any Tax Benefits arising from such carryforward or carryback shall be retained by the
VF Group. 
 Section 7. Deductions and Reporting for Certain Awards. 

(a) Deductions. To the extent permitted by Applicable Tax Law, income Tax deductions with respect to the issuance, exercise, vesting or
settlement after the Distribution Date of any VF Compensatory Equity Interests or Kontoor Brands Compensatory Equity Interests shall be claimed (A) in the case of an active officer or employee, solely by the Group that employs such Person at
the time of such issuance, exercise, vesting, or settlement, as applicable; (B) in the case of a former officer or employee, solely by the Group that was the last to employ such Person; and (C) in the case of a director or former director
(who is not an officer or employee or former officer or employee of a member of either Group), (x) solely by the VF Group if such person was, at any time before or after the Distribution, a director of any member of the VF Group, and (y) in any
other case, solely by the Kontoor Brands Group. 
 (b) If, notwithstanding clause (a), the Kontoor Brands Group actually utilizes any
deductions for a Taxable period ending after the Distribution Date with respect to (i) the issuance, exercise, vesting or settlement after the Distribution Date of any VF Compensatory Equity Interests, or (ii) any liability with respect to
compensation required to be paid or satisfied by, or otherwise allocated to, any member of the VF Group in accordance with any Distribution Document, Kontoor Brands shall promptly remit an amount equal to the overall net reduction in actual cash
Taxes paid by the Kontoor Brands Group (determined on a “with and without” basis) resulting from the event giving rise to such deduction (and any income in respect of such event, subject to Section 12(b)) in the
year of such event. If a Taxing Authority subsequently reduces or disallows the use of such a deduction by the Kontoor Brands Group, VF shall return an amount equal to the overall net increase in Tax liability of the Kontoor Brands Group owing to
the Taxing Authority to the remitting party. 
 (c) Withholding and Reporting. For any Taxable period (or portion thereof), except as
VF may at any time determine in its reasonable discretion, VF shall satisfy, or shall cause to be satisfied, all applicable withholding and reporting responsibilities (including all income, payroll or other Tax reporting related to income to any
current or former employees) with respect to the issuance, exercise, vesting or settlement of such VF Compensatory Equity Interests that settle with or with respect to stock of VF. For any Taxable period (or portion thereof), Kontoor Brands shall
satisfy, or shall cause to be satisfied, all applicable withholding and reporting responsibilities (including all income, payroll or other Tax reporting related to income to any current or former 

  
 10 

 
employees) with respect to the exercise, vesting or settlement of such Kontoor Brands Compensatory Equity Interests that settle with or with respect to stock of Kontoor Brands. VF and Kontoor
Brands acknowledge and agree that the parties shall cooperate with each other and with third-party providers to effectuate withholding and remittance of Taxes, as well as required Tax reporting, in a timely manner. 

Section 8. Tax Benefits. 

(a) VF Tax Benefits. VF shall be entitled to any Tax Benefits (including, in the case of any refund received, any interest thereon
actually received) received by any member of the VF Group or any member of the Kontoor Brands Group, other than any Tax Benefits (or any amounts in respect of Tax Benefits) to which Kontoor Brands is entitled pursuant to
Section 8(b). Kontoor Brands shall not be entitled to any Tax Benefits received by any member of the VF Group or the Kontoor Brands Group, except as set forth in Section 8(b). 

(b) Kontoor Brands Tax Benefits. Kontoor Brands shall be entitled to any Tax Benefits (including, in the case of any refund received,
any interest thereon actually received) received by any member of the VF Group or any member of the Kontoor Brands Group after the Distribution Date with respect to any Tax allocated to a member of the Kontoor Brands Group under this Agreement
(including, for the avoidance of doubt, any amounts allocated to Kontoor Brands pursuant to Section 3(c)(ii) or Section 3(c)(iii)). 

(c) A Company receiving (or realizing) a Tax Benefit to which another Company is entitled hereunder (a “Tax Benefit
Recipient”) shall pay over the amount of such Tax Benefit (including interest received from the relevant Taxing Authority, but net of any Taxes imposed with respect to such Tax Benefit and any other reasonable costs associated therewith)
within thirty (30) days of receipt thereof (or from the due date for payment of any Tax reduced thereby); provided, however, that the other Company, upon the request of such Tax Benefit Recipient, shall repay the amount paid to the other
Company (plus any penalties, interest or other charges imposed by the relevant Taxing Authority) in the event that, as a result of a subsequent Final Determination, a Tax Benefit that gave rise to such payment is subsequently disallowed. 

Section 9. Certain Representations and Covenants. 

(a) Representations. 

(i) Kontoor Brands and each other member of the Kontoor Brands Group represents that, other than the transactions described on
Schedule C, as of the date hereof, and covenants that as of the Distribution Date, there is no plan or intention: 

(A) to liquidate Kontoor Brands or to merge or consolidate any member of the Kontoor Brands Group with any other Person
subsequent to the Distribution; 
 (B) to sell or otherwise dispose of any material asset of any member of the Kontoor Brands
Group, except in the ordinary course of business; 
 (C) to take or fail to take any action in a manner that is inconsistent
with the written information and representations furnished by Kontoor Brands to Tax Advisers in connection with the Tax Representation Letters or Tax Opinions; 

(D) to repurchase stock of Kontoor Brands other than in a manner that satisfies the requirements of Section 4.05(1)(b) of
IRS Revenue Procedure 96-30 (as in effect prior to the amendment of such Revenue Procedure by IRS Revenue Procedure 2003-48) and consistent with any representations made
to Tax Advisers in connection with the Tax Representation Letters; 
 (E) to take or fail to take any action in a manner that
management of Kontoor Brands knows, or should know, is reasonably likely to contravene, (i) any Existing GRA or (ii) any agreement with a Taxing Authority entered into prior to the Distribution Date to which any member of the Kontoor
Brands Group or the VF Group is a party; or 

  
 11 

 (F) to enter into any negotiations, agreements, or arrangements with respect
to transactions or events (including stock issuances, pursuant to the exercise of options or otherwise, option grants, the adoption of, or authorization of shares under, a stock option plan, capital contributions, or acquisitions, but not including
the Distribution) that could reasonably be expected to cause the Distribution to be treated as part of a plan (within the meaning of Section 355(e) of the Code) pursuant to which one or more Persons acquire directly or indirectly Kontoor Brands
stock representing a 50% or greater interest within the meaning of Section 355(d)(4) of the Code. 
 (b) Covenants. 

(i) Kontoor Brands shall not, and shall not permit any other member of the Kontoor Brands Group to, take or fail to take any
action that constitutes a Kontoor Brands Disqualifying Action. 
 (ii) Kontoor Brands shall not, and shall not permit any
other member of the Kontoor Brands Group to, take or fail to take any action that is inconsistent with the information and representations furnished by Kontoor Brands to Tax Advisers in connection with the Tax Representation Letters or Tax Opinions.

 (iii) Kontoor Brands shall not, and shall not permit any other member of the Kontoor Brands Group to, take or fail to take
any action in a manner that management of Kontoor Brands knows, or should know, is reasonably likely to contravene (x) any Existing GRA or (y) any agreement with a Taxing Authority entered into prior to the Distribution Date to which any
member of the Kontoor Brands Group or the VF Group is a party. 
 (iv) During the
two-year period following the Distribution Date: 
 (A) Kontoor Brands shall
(w) maintain its status as a company engaged in the Active Trade or Business for purposes of Section 355(b)(2) of the Code, (x) not engage in any transaction that would result in it ceasing to be a company engaged in the Active Trade
or Business for purposes of Section 355(b)(2) of the Code, (y) cause each other member of the Kontoor Brands Group whose Active Trade or Business is relied upon for purposes of qualifying the Distribution for the Intended Tax Treatment to
maintain its status as a company engaged in such Active Trade or Business for purposes of Section 355(b)(2) of the Code and any such other Applicable Tax Law, and (z) not engage in any transaction or permit any other member of the Kontoor
Brands Group to engage in any transaction that would result in a member of the Kontoor Brands Group described in clause (y) hereof ceasing to be a company engaged in the relevant Active Trade or Business for purposes of Section 355(b)(2)
of the Code or such other Applicable Tax Law, taking into account Section 355(b)(3) of the Code for purposes of each of clauses (w) through (z) hereof; 

(B) Kontoor Brands shall not take or fail to take any action that would result in the Wrangler Reorganization failing to
satisfy the “continuity of business enterprise” requirement within the meaning of Treasury Regulation 1.368-1(d)(1) for purposes of qualifying the Wrangler Reorganization as a reorganization
described in Section 368(a); 
 (C) Kontoor Brands shall not repurchase stock of Kontoor Brands in a manner contrary to
the requirements of Section 4.05(1)(b) of IRS Revenue Procedure 96-30 (as in effect prior to the amendment of such Revenue Procedure by IRS Revenue Procedure
2003-48) or inconsistent with any representations made by Kontoor Brands to Tax Advisers in connection with the Tax Representation Letters; 

(D) Kontoor Brands shall not, and shall not agree to, merge, consolidate or amalgamate with any other Person; 

(E) Kontoor Brands shall not, and shall not permit any other member of the Kontoor Brands Group to, or to agree to, sell or
otherwise issue to any Person, any Equity Interests of Kontoor Brands or of any other member of the Kontoor Brands Group; provided, however, that Kontoor Brands may issue Equity Interests to the extent such issuances satisfy Safe
Harbor VIII (relating to acquisitions in 

  
 12 

 
connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury Regulations
Section 1.355-7(d); 
 (F) Kontoor Brands shall not, and shall not permit any
other member of the Kontoor Brands Group to (I) solicit any Person to make a tender offer for, or otherwise acquire or sell, the Equity Interests of Kontoor Brands, (II) participate in or support any unsolicited tender offer for, or other
acquisition, issuance or disposition of, the Equity Interests of Kontoor Brands or (III) approve or otherwise permit any proposed business combination or any transaction which, in the case of clauses (I) or (II), individually or in the
aggregate, together with any transaction occurring within the four-year period beginning on the date which is two years before the Distribution Date and any other transaction which is part of a plan or series of related transactions (within the
meaning of Section 355(e) of the Code) that includes the Distribution, could result in one or more Persons acquiring (except for acquisitions that otherwise satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s
performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury Regulation Section 1.355-7(d)) directly or indirectly stock representing a 40% or
greater interest, by vote or value, in Kontoor Brands (or any successor thereto) (any such transaction, a “Proposed Acquisition Transaction”); provided further that any clarification of, or change in, the statute or
regulations promulgated under Section 355(e) of the Code shall be incorporated in the restrictions in this clause (iv) and the interpretation thereof; 

(G) if any member of the Kontoor Brands Group proposes to enter into any transaction or series of transactions that is not a
Proposed Acquisition Transaction but would be a Proposed Acquisition Transaction if the percentage reflected in the definition of Proposed Acquisition Transaction were 25% instead of 40% (a “Section 9(b)(iv)(F) Acquisition
Transaction”) or, to the extent Kontoor Brands has the right to prohibit any Section 9(b)(iv)(F) Acquisition Transaction, proposes to permit any Section 9(b)(iv)(F) Acquisition Transaction to occur, in each case, Kontoor Brands
shall provide VF, no later than 10 Business Days following the signing of any written agreement with respect to the Section 9(b)(iv)(F) Acquisition Transaction, a written description of such transaction (including the type and amount of Equity
Interests of Kontoor Brands to be issued in such transaction) and a certificate of the board of directors of Kontoor Brands to the effect that the Section 9(b)(iv)(F) Acquisition Transaction is not a Proposed Acquisition Transaction; and 

(H) Kontoor Brands shall not, and shall not permit any other member of the Kontoor Brands Group to, amend its certificate of
incorporation (or other organizational documents), or take any other action, whether through a stockholder vote or otherwise, affecting the voting rights of the Equity Interests of Kontoor Brands (including, without limitation, through the
conversion of one class of Equity Interests of Kontoor Brands into another class of Equity Interests of Kontoor Brands). 

(v) Kontoor Brands shall not take or fail to take, or permit any other member of the Kontoor Brands Group to take or fail to
take, any action which prevents or could reasonably be expected to result in Tax treatment that is inconsistent with the Intended Tax Treatment. 

(c) Kontoor Brands Covenants Exceptions. Notwithstanding the provisions of Section 9(b), Kontoor Brands and
the other members of the Kontoor Brands Group may take any action that would reasonably be expected to be inconsistent with the covenants contained in Section 9(b), if either: (i) Kontoor Brands notifies VF of its proposal to take such
action and Kontoor Brands and VF obtain a ruling from the IRS to the effect that such action will not affect the Intended Tax Treatment, provided that Kontoor Brands agrees in writing to bear any expenses associated with obtaining such a
ruling and, provided further that the Kontoor Brands Group shall not be relieved of any liability under Section 11(a) of this Agreement by reason of seeking or having obtained such a ruling; or (ii) Kontoor
Brands notifies VF of its proposal to take such action and obtains an unqualified opinion of counsel (A) from a Tax advisor recognized as an expert in federal income Tax matters and acceptable to VF in its sole discretion, (B) on which VF
may rely and (C) to the effect that such action “will” not affect the Intended Tax Treatment, provided that the Kontoor Brands Group shall not be relieved of any liability under Section 11(a) of this
Agreement by reason of having obtained such an opinion. 

  
 13 

 Section 10. Tax Receivables Arrangements.
 
 (a) Section 336(e) Election. Pursuant to Treasury Regulations Sections
1.336-2(h)(1)(i) and 1.336-2(j), VF and Kontoor Brands agree that VF may make a timely protective election under Section 336(e) of the Code and the Treasury
Regulations issued thereunder and under any comparable provisions of state, local or non-U.S. law for each member of the Kontoor Brands Group that is a domestic corporation for U.S. federal income Tax purposes
with respect to the Distribution (a “Section 336(e) Election”). It is intended that a Section 336(e) Election will have no effect unless the Distribution is a “qualified stock disposition,” as
defined in Treasury Regulations Section 1.336(e)-1(b)(6), by reason of the application of Treasury Regulations Section 1.336-1(b)(5)(i)(B) or Treasury
Regulations Section 1.336-1(b)(5)(ii), or under any comparable provisions of state, local or non-U.S. law in any other jurisdiction. 

(b) VF TRA. If any Specified Event results in the imposition of a liability on the part of a member of the VF Group for Taxes
(including (x) as a result of any Tax consequence not otherwise taken into account in Schedule A with respect to such Internal Specified Transactions and (y) Taxes attributable to the Section 336(e) Election) that are not allocated to
Kontoor Brands pursuant to Section 3, (i) VF shall be entitled to periodic payments from Kontoor Brands equal to the product of (x) 85% of the Tax Attributes arising from such Specified Event and (y) the
percentage of Taxes arising from such Specified Event that are not allocated to Kontoor Brands pursuant to Section 3, and (ii) the Parties shall negotiate in good faith the terms of a tax receivable agreement to govern
the calculation of such payments; provided that any such tax savings in clause (i) shall be determined using a “with and without” methodology (treating any Tax Attribute arising from any Specified Event as the last items
claimed for any Taxable year, including after the utilization of any carryforwards). Notwithstanding the foregoing, VF may, at its sole discretion, waive its right to receive any and all payments pursuant to this
Section 10(b). 
 Section 11. Indemnities. 

(a) Kontoor Brands Indemnity to VF. Kontoor Brands and each other member of the Kontoor Brands Group shall jointly and severally
indemnify VF and the other members of the VF Group against, and hold them harmless, without duplication, from: 
 (i) any Tax
liability allocated to Kontoor Brands pursuant to Section 3; 
 (ii) any Tax liability and Tax-Related Losses attributable to a breach, after the Distribution Time, by Kontoor Brands or any other member of the Kontoor Brands Group of any representation or covenant contained in this Agreement; 

(iii) any Distribution Taxes and Tax-Related Losses attributable to a Kontoor Brands
Disqualifying Action (including, for the avoidance of doubt, any Taxes and Tax-Related Losses resulting from any action for which the conditions set forth in Section 9(c) are
satisfied); and 
 (iv) all liabilities, costs, expenses (including, without limitation, reasonable expenses of investigation
and attorneys’ fees and expenses), losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any Tax liability or damage described in (i), (ii) or (iii), including those
incurred in the contest in good faith in appropriate proceedings relating to the imposition, assessment or assertion of any such Tax, liability or damage. 

provided, however Kontoor Brands and each member of the Kontoor Brands Group shall not have any obligation or liability for indemnification or other
payments, however characterized, under Section 11(a) for any individual indemnity claim against Kontoor Brands or any member of the Kontoor Brands Group to the extent VF and Kontoor Brands agree in writing that the aggregate amount of such
individual indemnity claim is de minimis. 

  
 14 

 (b) VF Indemnity to Kontoor Brands. Except in the case of any liabilities described
in Section 11(a), VF and each other member of the VF Group will jointly and severally indemnify Kontoor Brands and the other members of the Kontoor Brands Group against, and hold them harmless, without duplication, from:

 (i) any Tax liability allocated to VF pursuant to Section 3; 

(ii) any Taxes imposed on any member of the Kontoor Brands Group under Treasury Regulations
Section 1.1502-6 (or similar or analogous provision of state, local or foreign law) solely as a result of any such member being or having been a member of a Combined Group; and 

(iii) all liabilities, costs, expenses (including, without limitation, reasonable expenses of investigation and attorneys’
fees and expenses), losses, damages, assessments, settlements or judgments arising out of or incident to the imposition, assessment or assertion of any Tax liability or damage described in (i) or (ii), including those incurred in the contest in
good faith in appropriate proceedings relating to the imposition, assessment or assertion of any such Tax, liability or damage; 
 provided, however
VF and each member of the VF Group shall not have any obligation or liability for indemnification or other payments, however characterized, under Section 11(b) for any individual indemnity claim against VF or any member of the VF Group to the
extent VF and Kontoor Brands agree in writing that the aggregate amount of such individual indemnity claim is de minimis. 
 (c)
Discharge of Indemnity. Kontoor Brands, VF and the members of their respective Groups shall discharge their obligations under Section 11(a) or Section 11(a)(iv) hereof, respectively, by
paying the relevant amount in accordance with Section 12, within 30 Business Days of demand therefor or, to the extent such amount is required to be paid to a Taxing Authority prior to the expiration of such 30 Business
Days, at least 10 Business Days prior to the date by which the demanding party is required to pay the related Tax liability. Any such demand shall include a statement showing the amount due under Section 11(a) or
Section 11(a)(iv), as the case may be. Notwithstanding the foregoing, if any member of the Kontoor Brands Group or any member of the VF Group disputes in good faith the fact or the amount of its obligation under
Section 11(a) or Section 11(b), then no payment of the amount in dispute shall be required until any such good faith dispute is resolved in accordance with Section 25
hereof; provided, however, that any amount not paid within 30 Business Days of demand therefor shall bear interest as provided in Section 12. 

(d) Tax Benefits. If an indemnification obligation of any Indemnifying Party under this Section 11 arises in
respect of an adjustment that makes allowable to an Indemnitee any Tax Benefit which would not, but for such adjustment, be allowable, then any such indemnification obligation shall be an amount equal to (i) the amount otherwise due but for
this Section 11(d), minus (ii) the reduction in actual cash Taxes payable by the Indemnitee in the Taxable year such indemnification obligation arises and the two Taxable years following such year, determined on a
“with and without” basis. 
 Section 12. Payments. 

(a) Timing. All payments to be made under this Agreement (excluding, for the avoidance of doubt, any payments to a Taxing Authority
described herein) shall be made in immediately available funds. Except as otherwise provided, all such payments will be due 30 Business Days after the receipt of notice of such payment or, where no notice is required, 30 Business Days after the
fixing of liability or the resolution of a dispute (the “Due Date”). Payments shall be deemed made when received. Any payment that is not made on or before the Due Date shall bear interest at the rate equal to the “prime”
rate as published on such Due Date in the Wall Street Journal, Eastern Edition, for the period from and including the date immediately following the Due Date through and including the date of payment. With respect to any payment required to be made
under this Agreement, VF has the right to designate, by written notice to Kontoor Brands, which member of the VF Group will make or receive such payment. 

(b) Treatment of Payments. To the extent permitted by Applicable Tax Law, any payment made by VF or any member of the VF Group to
Kontoor Brands or any member of the Kontoor Brands Group, or by Kontoor 

  
 15 

 
Brands or any member of the Kontoor Brands Group to VF or any member of the VF Group, pursuant to this Agreement, the Separation Agreement or any other Distribution Document that relates to
Taxable periods (or portions thereof) ending on or before the Distribution Date shall be treated by the parties hereto for all Tax purposes as a distribution by Kontoor Brands to VF, or a capital contribution from VF to Kontoor Brands, as the case
may be; provided, however, that any payment made pursuant to Section 2.03(c) of the Separation Agreement shall instead be treated as if the party required to make a payment of received amounts had received such amounts as agent for the
other party; provided further that any payment made pursuant to Section 3 of the Transition Services Agreement shall instead be treated as a payment for services. In the event that a Taxing Authority asserts that a party’s treatment
of a payment described in this Section 12(b) should be other than as required herein, such party shall use its reasonable best efforts to contest such assertion in a manner consistent with
Section 15 of this Agreement. 
 (c) No Duplicative Payment. It is intended that the provisions of this
Agreement shall not result in a duplicative payment of any amount required to be paid under the Separation Agreement or any other Distribution Document, and this Agreement shall be construed accordingly. 

Section 13. Guarantees. VF and Kontoor Brands, as the case may be, each hereby guarantees and
agrees to otherwise perform the obligations of each other member of the VF Group or the Kontoor Brands Group, respectively, under this Agreement. 

Section 14. Communication and Cooperation. 

(a) Consult and Cooperate. VF and Kontoor Brands shall consult and cooperate (and shall cause each other member of their respective
Groups to consult and cooperate) fully at such time and to the extent reasonably requested by the other party in connection with all matters subject to this Agreement. Such cooperation shall include, without limitation: 

(i) the retention, and provision on reasonable request, of any and all information including all books, records, documentation
or other information pertaining to Tax matters relating to the Kontoor Brands Group (or, in the case of any Tax Return of the VF Group, the portion of such return that relates to Taxes for which the Kontoor Brands Group may be liable pursuant to
this Agreement), any necessary explanations of information, and access to personnel, until one year after the expiration of the applicable statute of limitation (giving effect to any extension, waiver or mitigation thereof); 

(ii) the execution of any document that may be necessary (including to give effect to Section 15) or helpful
in connection with any required Tax Return or in connection with any audit, proceeding, suit or action; and 
 (iii) the use
of the parties’ commercially reasonable efforts to obtain any documentation from a Governmental Authority or a third party that may be necessary or helpful in connection with the foregoing. 

(b) Provide Information. Except as set forth in Section 15, VF and Kontoor Brands shall keep each other reasonably
informed with respect to any material development relating to the matters subject to this Agreement. 
 (c) Tax Attribute Matters. VF
and Kontoor Brands shall promptly advise each other with respect to any proposed Tax adjustments that are the subject of an audit or investigation, or are the subject of any proceeding or litigation, and that may affect any Tax liability or any Tax
Attribute (including, but not limited to, basis in an asset or the amount of earnings and profits) of any member of the Kontoor Brands Group or any member of the VF Group, respectively. 

(d) Confidentiality and Privileged Information. Any information or documents provided under this Agreement shall be kept confidential
by the party receiving the information or documents, except as may otherwise be necessary in connection with the filing of required Tax Returns or in connection with any audit, proceeding, suit or action. Without limiting the foregoing (and
notwithstanding any other provision of this 

  
 16 

 
Agreement or any other agreement), (i) no member of the VF Group or Kontoor Brands Group, respectively, shall be required to provide any member of the Kontoor Brands Group or VF Group,
respectively, or any other Person access to or copies of any information or procedures other than information or procedures that relate solely to Kontoor Brands, the business or assets of any member of the Kontoor Brands Group, or matters for which
Kontoor Brands or VF Group, respectively, has an obligation to indemnify under this Agreement, and (ii) in no event shall any member of the VF Group or the Kontoor Brands Group, respectively, be required to provide any member of the Kontoor
Brands Group or VF Group, respectively, or any other Person access to or copies of any information if such action could reasonably be expected to result in the waiver of any privilege. Notwithstanding the foregoing, in the event that VF or Kontoor
Brands, respectively, determines that the provision of any information to any member of the Kontoor Brands Group or VF Group, respectively, could be commercially detrimental or violate any law or agreement to which VF or Kontoor Brands,
respectively, is bound, VF or Kontoor Brands, respectively, shall not be required to comply with the foregoing terms of this Section 14(d) except to the extent that it is able, using commercially reasonable efforts, to do so while
avoiding such harm or consequence (and shall promptly provide notice to VF or Kontoor Brands, to the extent such access to or copies of any information is provided to a Person other than a member of the VF Group or Kontoor Brands Group (as
applicable)). 
 Section 15. Audits and Contest. 

(a) Notice. Each of VF or Kontoor Brands shall promptly notify the other in writing upon the receipt of any notice of Tax Proceeding
from the relevant Taxing Authority that may affect the liability of any member of the Kontoor Brands Group or the VF Group, respectively, for Taxes under Applicable Law or this Agreement; provided, that a party’s right to indemnification under
this Agreement shall not be limited in any way by a failure to so notify, except to the extent that the indemnifying party is prejudiced by such failure. 

(b) VF Control. Notwithstanding anything in this Agreement to the contrary but subject to Section 15(d), VF shall have the right
to control all matters relating to any Tax Return, or any Tax Proceeding, with respect to any Tax matters of (x) a Combined Group or any member of a Combined Group (as such), and (y) any member of the Kontoor Brands Group with respect to any
Pre-Distribution Period. VF shall have absolute discretion with respect to any decisions to be made, or the nature of any action to be taken, with respect to any Tax matter described in the preceding sentence; provided, however, that to the
extent that VF has the right to control any Tax Proceeding that relates to a Kontoor Brands Separate Tax Return or a member of the Kontoor Brands Group, VF shall keep Kontoor Brands reasonably informed of all material developments and events
relating to any such Tax Proceeding described in this proviso; provided, further, that to the extent that any Tax Proceeding relating to such a Tax matter is reasonably likely to give rise to an indemnity obligation of Kontoor Brands under
Section 11 hereof, (i) VF shall keep Kontoor Brands informed of all material developments and events relating to any such Tax Proceeding described in this proviso and (ii) at its own cost and expense, Kontoor Brands shall have the
right to participate in (but not to control) the defense of any such Tax Proceeding. 
 (c) Kontoor Brands Assumption of Control; Non-Distribution Taxes. If VF determines that the resolution of any matter pursuant to a Tax Proceeding (other than a Tax Proceeding relating to Distribution Taxes) is reasonably likely to have an adverse effect
on the Kontoor Brands Group with respect to any Post-Distribution Period, VF, in its sole discretion, may permit Kontoor Brands to elect to assume control over disposition of such matter at Kontoor Brands’ sole cost and expense; provided,
however, that if Kontoor Brands so elects, it will (i) be responsible for the payment of any liability arising from the disposition of such matter notwithstanding any other provision of this Agreement to the contrary and (ii) indemnify
the VF Group for any increase in a liability and any reduction of a Tax asset of the VF Group arising from such matter. 
 (d) Kontoor
Brands Participation; Distribution Taxes. VF shall have the right to control any Tax Proceeding relating to Distribution Taxes, provided that VF shall keep Kontoor Brands fully informed of all material developments and shall permit
Kontoor Brands a reasonable opportunity to participate in the defense of the matter. 

  
 17 

 Section 16. Notices. Any notice, instruction,
direction or demand under the terms of this Agreement required to be in writing shall be duly given upon delivery, if delivered by hand, facsimile transmission, email transmission, or mail, to the following addresses: 

if to VF or the VF Group, to: 
 VF
Corporation 
 105 Corporate Center Blvd. 

Greensboro, North Carolina 27408 

Attention: [—] 
 Email:
[—] 
 with a copy (which shall not constitute notice) to: 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 
 New York,
New York 10017 
 Attention:  Neil Barr 

Email:        neil.barr@davispolk.com 

if to Kontoor Brands or the Kontoor Brands Group, to: 

Kontoor Brands 
 400 N. Elm
Street, 
 Greensboro, North Carolina 27401 

Attention:  [—] 

Email:        [—] 

or such other address or facsimile number as such party may hereafter specify for the purpose by notice to the other party hereto. All such notices, requests
and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of receipt and such day is a Business Day in the place of receipt. Otherwise, any such notice, request or
communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt. 
 
Section 17. Costs and Expenses. Except as expressly set forth in this Agreement or the Separation Agreement, each party shall bear its own costs and expenses incurred pursuant to this Agreement. For purposes of this Agreement,
costs and expenses shall include, but not be limited to, reasonable attorneys’ fees, accountants’ fees and other related professional fees and disbursements. For the avoidance of doubt, unless otherwise specifically provided in the
Distribution Documents, all liabilities, costs and expenses incurred in connection with this Agreement by or on behalf of Kontoor Brands or any member of the Kontoor Brands Group in any Pre-Distribution Period
shall be the responsibility of VF and shall be assumed in full by VF. 
 Section 18. Effectiveness;
Termination and Survival. Except as expressly set forth in this Agreement, as between VF and Kontoor Brands, this Agreement shall become effective upon the consummation of the Distribution. All rights and obligations arising hereunder shall
survive until they are fully effectuated or performed; provided that, notwithstanding anything in this Agreement to the contrary, this Agreement shall remain in effect and its provisions shall survive for one year after the full period of all
applicable statutes of limitation (giving effect to any extension, waiver or mitigation thereof) and, with respect to any claim hereunder initiated prior to the end of such period, until such claim has been satisfied or otherwise resolved. This
agreement shall terminate without any further action at any time before the Distribution upon termination of the Separation Agreement. 
 
Section 19. Specific Performance. Each party to this Agreement acknowledges and agrees that damages for a breach or threatened breach of any of the provisions of this Agreement would be inadequate and irreparable harm would occur. In
recognition of this fact, each party agrees that, if there is a breach or threatened breach, in 

  
 18 

 
addition to any damages, the other nonbreaching party to this Agreement, without posting any bond, shall be entitled to seek and obtain equitable relief in the form of specific performance,
temporary restraining order, temporary or permanent injunction, attachment, or any other equitable remedy which may then be available to obligate the breaching party (i) to perform its obligations under this Agreement or (ii) if the
breaching party is unable, for whatever reason, to perform those obligations, to take any other actions as are necessary, advisable or appropriate to give the other party to this Agreement the economic effect which comes as close as possible to the
performance of those obligations (including transferring, or granting liens on, the assets of the breaching party to secure the performance by the breaching party of those obligations). 

Section 20. Construction. In this Agreement, unless the context clearly indicates otherwise: 

(a) words used in the singular include the plural and words used in the plural include the singular; 

(b) references to any Person include such Person’s successors and assigns but, if applicable, only if such successors and assigns are
permitted by this Agreement; 
 (c) except as otherwise clearly indicated, reference to any gender includes the other gender; 

(d) the words “include,” “includes” and “including” shall be deemed to be followed by the words “without
limitation”; 
 (e) reference to any Article, Section, Exhibit or Schedule means such Article or Section of, or such Exhibit or
Schedule to, this Agreement, as the case may be, and references in any Section or definition to any clause means such clause of such Section or definition; 

(f) the words “herein,” “hereunder,” “hereof,” “hereto” and words of similar import shall be deemed
references to this Agreement as a whole and not to any particular Section or other provision hereof; 
 (g) reference to any agreement,
instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and by this Agreement; 

(h) reference to any law (including statutes and ordinances) means such law (including all rules and regulations promulgated thereunder) as
amended, modified, codified or reenacted, in whole or in part, and in effect at the time of determining compliance or applicability; 
 (i)
relative to the determination of any period of time, “from” means “from and including,” “to” means “to and including” and “through” means “through and including”; 

(j) the titles to Articles and headings of Sections contained in this Agreement have been inserted for convenience of reference only and shall
not be deemed to be a part of or to affect the meaning or interpretation of this Agreement; 
 (k) unless otherwise specified in this
Agreement, all references to dollar amounts herein shall be in respect of lawful currency of the United States; and 
 (l) any capitalized
term used in an Exhibit or Schedule but not otherwise defined therein shall have the meaning set forth in this Agreement. 
 
Section 21. Entire Agreement; Amendments and Waivers. 
 (a) Entire Agreement. 

(i) This Agreement and the other Distribution Documents constitute the entire understanding of the parties with respect to the
subject matter hereof and thereof and supersede all prior agreements, 

  
 19 

 
understandings and negotiations, both written and oral, between the parties with respect to the subject matter hereof and thereof. No representation, inducement, promise, understanding, condition
or warranty not set forth herein or in the other Distribution Documents has been made or relied upon by any party hereto or any member of their Group with respect to the transactions contemplated by the Distribution Documents. This Agreement is an
“Ancillary Agreement” as such term is defined in the Separation Agreement and shall be interpreted in accordance with the terms of the Separation Agreement in all respects, provided that in the event of any conflict or
inconsistency between the terms of this Agreement and the terms of the Separation Agreement, the terms of this Agreement shall control in all respects. 

(ii) THE PARTIES ACKNOWLEDGE AND AGREE THAT NO REPRESENTATION, WARRANTY, PROMISE, INDUCEMENT, UNDERSTANDING, COVENANT OR
AGREEMENT HAS BEEN MADE OR RELIED UPON BY ANY PARTY OTHER THAN THOSE EXPRESSLY SET FORTH IN THIS AGREEMENT AND IN THE OTHER DISTRIBUTION DOCUMENTS. WITHOUT LIMITING THE GENERALITY OF THE DISCLAIMER SET FORTH IN THE PRECEDING SENTENCE, NEITHER VF NOR
ANY OF ITS AFFILIATES HAS MADE OR SHALL BE DEEMED TO HAVE MADE ANY REPRESENTATIONS OR WARRANTIES IN ANY PRESENTATION OR WRITTEN INFORMATION RELATING TO THE JEANSWEAR BUSINESS GIVEN OR TO BE GIVEN IN CONNECTION WITH THE CONTEMPLATED TRANSACTIONS OR
IN ANY FILING MADE OR TO BE MADE BY OR ON BEHALF OF VF OR ANY OF ITS AFFILIATES WITH ANY GOVERNMENTAL AUTHORITY, AND NO STATEMENT MADE IN ANY SUCH PRESENTATION OR WRITTEN MATERIALS, MADE IN ANY SUCH FILING OR CONTAINED IN ANY SUCH OTHER INFORMATION
SHALL BE DEEMED A REPRESENTATION OR WARRANTY HEREUNDER OR OTHERWISE. KONTOOR BRANDS ACKNOWLEDGES THAT VF HAS INFORMED IT THAT NO PERSON HAS BEEN AUTHORIZED BY VF OR ANY OF ITS AFFILIATES TO MAKE ANY REPRESENTATION OR WARRANTY IN RESPECT OF THE
JEANSWEAR BUSINESS OR IN CONNECTION WITH THE CONTEMPLATED TRANSACTIONS, UNLESS IN WRITING AND CONTAINED IN THIS AGREEMENT OR IN ANY OF THE OTHER DISTRIBUTION DOCUMENTS TO WHICH THEY ARE A PARTY. 

(b) Amendments and Waivers. 

(i) Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and is
signed, in the case of an amendment, by VF and Kontoor Brands, or in the case of a waiver, by the party against whom the waiver is to be effective. 

(ii) No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof
nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or
remedies provided by Applicable Law. 
 Section 22. Governing Law. This Agreement shall be
governed by and construed in accordance with the laws of the State of New York, without regard to the conflicts of law rules of such state. 

Section 23. Jurisdiction. The parties hereto agree that any suit, action or proceeding seeking to
enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in the United States District Court for the Southern District of New York or in any New
York State court sitting in New York City, so long as one of such courts shall have subject matter jurisdiction over such suit, action or proceeding, and that any cause of action arising out of this Agreement shall be deemed to have arisen from the
transaction of business in the State of New York, and each of the parties hereby irrevocably consents to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and
irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding brought in
any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any party anywhere in the 

  
 20 

 
world, whether within or outside of the jurisdiction of any such court. Without limiting the foregoing, each party agrees that service of process on such party as provided in
Section 16 shall be deemed effective service of process on such party. 

Section 24. WAVIER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND
ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 
Section 25. Dispute Resolution. In the event of any dispute relating to this Agreement, the parties shall work together in good faith to resolve such dispute within thirty (30) days. In the event that such dispute is not
resolved, upon written notice by a party after such thirty (30)-day period, the matter shall be referred to a U.S. Tax counsel or other Tax advisor of recognized national standing (the “Tax
Arbiter”) that will be jointly chosen by the VF and Kontoor Brands; provided, however, that, if the VF and Kontoor Brands do not agree on the selection of the Tax Arbiter after five (5) days of good faith negotiation, the Tax
Arbiter shall consist of a panel of three U.S. Tax counsel or other Tax advisor of recognized national standing with one member chosen by the VF, one member chosen by Kontoor Brands, and a third member chosen by mutual agreement of the other members
within the following ten (10)-day period. Each decision of a panel Tax Arbiter shall be made by majority vote of the members. The Tax Arbiter may, in its discretion, obtain the services of any third party
necessary to assist it in resolving the dispute. The Tax Arbiter shall furnish written notice to the parties to the dispute of its resolution of the dispute as soon as practicable, but in any event no later than ninety (90) days after
acceptance of the matter for resolution. Any such resolution by the Tax Arbiter shall be binding on the parties, and the parties shall take, or cause to be taken, any action necessary to implement such resolution. All fees and expenses of the Tax
Arbiter shall be shared equally by the parties to the dispute. 
 Section 26. Counterparts;
Effectiveness; Third-Party Beneficiaries. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement
shall become effective when each party hereto shall have received a counterpart hereof signed by the other party hereto. Until and unless each party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no
effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication). Except for Section 14(d) and the indemnification and release provisions of
Section 11, neither this Agreement nor any provision hereof is intended to confer any rights, benefits, remedies, obligations, or liabilities hereunder upon any Person other than the parties hereto and their respective
successors and permitted assigns. 
 Section 27. Successors and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; provided that neither party may assign, delegate or otherwise transfer any of its rights or obligations
under this Agreement without the consent of the other party hereto. If any party or any of its successors or permitted assigns (i) shall consolidate with or merge into any other Person and shall not be the continuing or surviving corporation or
entity of such consolidation or merger or (ii) shall transfer all or substantially all of its properties and assets to any Person, then, and in each such case, proper provisions shall be made so that the successors and assigns of such party
shall assume all of the obligations of such party under the Distribution Documents. 
 Section 28.
Change in Tax Law. Any reference to a provision of the Code, Treasury Regulations or any other Applicable Tax Law shall include a reference to any applicable successor provision of the Code, Treasury Regulations or other Applicable Tax Law.

 Section 29. Performance. Each party shall cause to be performed all actions, agreements and
obligations set forth herein to be performed by any member of such party’s Group. 
 [SIGNATURE PAGE FOLLOWS] 

  
 21 

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

			
	VF on its own behalf and on behalf of the
members of the VF Group
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	Kontoor Brands on its own behalf and on behalf
of the members of the Kontoor Brands Group
		
	By:	 	  

		 	Name:
		 	Title:

  
 22

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