Document:

EX-10.1

 Exhibit 10.1 

REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT, dated as of November 9, 2020 (the “Agreement”), is made by and between THE BOEING
COMPANY, a Delaware corporation, having an office at 100 North Riverside Plaza, Chicago, Illinois 60606 (the “Company”), and NEWPORT TRUST COMPANY, a New Hampshire State chartered trust company, on behalf of itself and its affiliates,
solely in its capacity as duly appointed and acting investment manager other than with respect to Section 1.3 hereof (the “Manager”) of a segregated account held in THE BOEING COMPANY EMPLOYEE RETIREMENT PLANS MASTER TRUST (the
“Trust”). 
 RECITALS 

WHEREAS, the Company has agreed to contribute an aggregate of 16,726,137 shares of its common stock, par value $5.00 per share
(“Common Stock”) to the Trust (the “Contribution”), to be held in a single segregated account (the “Segregated Account”) in the Trust (such contributed shares, the “Registrable
Shares”); and 
 WHEREAS, pursuant to the Investment Management Agreement, dated as of November 9, 2020 (the
“Investment Management Agreement”), among the Manager, The Employee Benefit Plans Investment Committee of The Boeing Company (the “Committee”) and the Company, the Manager has been appointed as a
“fiduciary” of the Trust, as defined in Section 3(21) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), but only to the extent of the assets in the Segregated Account, with the authority to
act on behalf of the Trust with respect to all assets held in the Segregated Account; and 
 WHEREAS, the Company has agreed to grant
certain registration rights with respect to the Registrable Shares held in the Segregated Account, on the terms and subject to the conditions set forth in this Agreement; and 

WHEREAS, pursuant to the Investment Management Agreement, the Manager has full power and authority to execute and deliver this
Agreement for the benefit of the Trust and to take any actions required or permitted to be taken in connection with this Agreement. 

NOW, THEREFORE, in consideration of the premises and mutual promises set forth herein, the parties hereto hereby agree as follows: 

1. Registration; Compliance with the Securities Act. 

1.1 Registration Procedures and Expenses. The Company hereby agrees that, to the extent not prohibited by any applicable law or
applicable interpretation of the staff of the Securities and Exchange Commission (the “SEC”) it shall: 
 (a) prepare and
file with the SEC, as soon as reasonably practicable after the Contribution, but in no event more than ten (10) days after the Contribution, a shelf registration statement on Form S-3 covering the
Registrable Shares, except to the extent the Company has an existing shelf registration statement covering the Common Stock which may be used for the purposes contemplated herein (such new or existing registration statement and any successor
registration statement filed under the Securities Act of 1933, as amended (the “Securities Act”), 

 
hereinafter referred to as the “Registration Statement”), to enable the Manager to sell the Registrable Shares from time to time in the manner contemplated by the plan of
distribution set forth in the Registration Statement, as amended by any prospectus supplement or post-effective amendment thereto, and use its commercially reasonable efforts to cause such Registration Statement, if not effective on the date of the
Contribution, to become effective as promptly as reasonably possible after filing and to remain continuously effective until the earliest of (i) the date on which all Registrable Shares are sold, (ii) the date on which all Registrable
Shares may be sold by the Trust to the public in accordance with Rule 144 under the Securities Act or any successor rule thereto (as such rule may be amended from time to time, “Rule 144” and when no conditions of Rule 144 or such
successor rule are then applicable to the Trust (other than the holding period requirement in paragraph (d) of Rule 144, so long as such holding period requirement is satisfied at such time of determination), and (iii) the date which is
ninety (90) days after the date on which the number of Registrable Shares held by the Trust is less than one percent (1%) of the shares of Common Stock then outstanding (the period from the date of effectiveness until such earliest date, the
“Registration Period”); provided, however, that it shall not be required to file the Registration Statement or cause such Registration Statement to be declared effective during the pendency of any suspension period
pursuant to Sections 1.2(b) or (c) below; 
 (b) prepare and file with the SEC such amendments (including post-effective amendments)
and supplements to the Registration Statement and the prospectus related thereto filed with the SEC pursuant to Rule 424(b) under the Securities Act, or if no such filing is required, as included in the Registration Statement (the
“Prospectus”), as may be necessary to keep the Registration Statement effective at all times until the end of the Registration Period; provided, however, that it shall not be required to file any such amendment or
supplement during the pendency of any suspension period pursuant to Sections 1.2(b) or (c) below; 
 (c) furnish the Manager with such
reasonable number of copies of the Prospectus in conformity with the requirements of the Securities Act, and such other documents as the Manager may reasonably request, in order to facilitate the public sale or other disposition of all or any of the
Registrable Shares by the Trust; 
 (d) use its commercially reasonable efforts to file documents required of the Company for normal blue
sky clearance in such states as the Manager shall reasonably designate in writing; provided, however, that the Company shall not be required to qualify to do business, consent to service of process or subject itself to taxation in any
jurisdiction in which it is not now so qualified or has not so consented or become subjected; 
 (e) use its reasonable commercial efforts
to cause the Registrable Shares to be listed on the New York Stock Exchange as soon as reasonably practicable after the date of the Contribution; and 

(f) bear all expenses in connection with the actions contemplated by paragraphs (a) through (e) of this Section 1.1 and the
registration of the Registrable Shares pursuant to the Registration Statement, including reasonable fees and expenses of legal counsel to the Manager incurred in connection with the registration and sale of the Registrable Shares, such fees and
expenses of legal counsel not to exceed twenty five thousand dollars ($25,000) in the aggregate without the Company’s consent (which consent will not be unreasonably withheld or delayed), but excluding underwriting discounts, brokerage fees,
commissions and transfer taxes incurred by the Manager or the Trust, if any. 

  
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 It shall be a condition precedent to the obligations of the Company to take any action
pursuant to this Section 1.1 that the Manager shall provide such reasonable assistance to the Company and furnish, or cause to be furnished, to the Company in writing such information regarding the Manager, the Registrable Shares to be sold,
and the intended method or methods of disposition of the Registrable Shares, as shall be required to effect the registration of the Registrable Shares and as may be required from time to time under the Securities Act and the rules and regulations
thereunder. 
 1.2 Transfer of Registrable Shares After Registration; Suspension. 

(a) The Manager agrees that it will not offer to sell or make any sale, assignment, pledge, hypothecation or other transfer with respect to
the Registrable Shares that would constitute a sale within the meaning of the Securities Act except pursuant to either (i) subject to the requirements of Schedule A attached hereto, the Registration Statement referred to in
Section 1.1, or (ii) Rule 144 or any successor rule thereto, and that it will promptly notify the Company of any changes in the information set forth in the Registration Statement regarding the Manager or the intended plan of distribution
of the Registrable Shares to the extent required by applicable securities laws. 
 (b) In addition to any suspension rights under paragraph
(c) below, the Company may, upon the happening of any event or the existence of any state of facts that, in the judgment of an executive officer of the Company or the Company’s legal counsel, renders advisable the suspension of the
disposition of Registrable Shares covered by the Registration Statement or the use of the Prospectus due to pending transactions, or other corporate developments, public filings with the SEC or similar events, suspend the disposition of Registrable
Shares covered by the Registration Statement or use of the Prospectus for a period of not more than ninety (90) days on written notice (each such notice, a “Suspension Event Notice”) to the Manager (which Suspension Event
Notice will not disclose the content of any material non-public information and will indicate the date of the beginning and end of the intended suspension, if known), in which case the Manager, upon receipt of
such Suspension Event Notice, will discontinue (and cause the Trust to discontinue) from selling or otherwise disposing of Registrable Shares covered by the Registration Statement or using the Prospectus or any supplement thereto (any such
suspension pursuant to this Section 1.2(b), an “Event Suspension”) until copies of a supplemented or amended Prospectus filed by the Company with the SEC are distributed to the Manager or until the Manager is advised in writing
by the Company that the disposition of Registrable Shares covered by the Registration Statement or the use of the applicable Prospectus may be resumed; provided, however, that such right to suspend the disposition of Registrable Shares
covered by the Registration Statement or use of the Prospectus shall not be exercised by the Company for more than one hundred and twenty (120) days in any twelve-month period. Any Event Suspension and Suspension Event Notice described in this
Section 1.2(b) shall be held in confidence and not disclosed by the Manager, except as required by law after reasonable prior notice to the Company. 

  
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 (c) In the event of: (i) any request by the SEC or any other federal or state
governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to the Registration Statement or Prospectus or for additional information; (ii) the issuance by the SEC or any other federal
or state governmental authority of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose; (iii) the receipt by the Company of any notification with respect to the
suspension of the qualification or exemption from qualification of any of the Registrable Shares for sale in any jurisdiction or the initiation of any proceedings for such purpose; or (iv) any event or circumstance that necessitates the making
of any changes in the Registration Statement or Prospectus, or any document incorporated or deemed to be incorporated therein by reference, so that, in the case of the Registration Statement, it will not contain any untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, during the Registration Period, then the Company shall deliver a certificate in
writing to the Manager (the “Suspension Notice”) to the effect of the foregoing (which notice will not disclose the content of any material non-public information and will indicate the date of
the beginning and end of the intended suspension, if known), in which case the Manager, upon receipt of such Suspension Notice, will refrain (and cause the Trust to refrain) from selling or otherwise disposing of Registrable Shares covered by the
Registration Statement or using the Prospectus or any supplement thereto (any such suspension pursuant to this Section 1.2(c), a “Suspension”) until copies of a supplemented or amended Prospectus filed by the Company with the
SEC are distributed to the Manager or until the Manager is advised in writing by the Company that the disposition of Registrable Shares covered by the Registration Statement or the use of the applicable Prospectus may be resumed. In the event of any
Suspension, the Company will use its commercially reasonable efforts to cause the use of the Prospectus so suspended to be resumed as soon as reasonably possible after delivery of a Suspension Notice to the Manager. Any Suspension and Suspension
Notice described in this Section 1.2(c) shall be held in confidence and not disclosed by the Manager, except as required by law after reasonable prior notice to the Company. 

(d) In order to enforce the provisions set forth in Sections 1.2(b) and (c) above, the Company may impose stop transfer instructions with
respect to the sale of Registrable Shares by the Trust until the end of the applicable suspension period. 
 (e) If so directed by the
Company, the Manager shall deliver to the Company all physical copies of the Prospectus and any supplements thereto in its possession at the time of receipt by the Manager of any Suspension Event Notice or Suspension Notice. 

(f) The Manager may sell the Registrable Shares under the Registration Statement provided that neither an Event Suspension nor a Suspension is
then in effect, the Manager sells in accordance with the plan of distribution in the Prospectus, and the Manager arranges for delivery of a current Prospectus (as supplemented) to any transferee receiving such Registrable Shares in compliance with
the Prospectus delivery requirements of the Securities Act. 

  
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 1.3 Indemnification. For the purpose of this Section 1.3, the term
“Registration Statement” shall include any preliminary or final Prospectus, exhibit, supplement, or amendment included in or relating to the Registration Statement referred to in Section 1.1. 

(a) Indemnification by the Company. The Company agrees to indemnify and hold harmless the Manager (including, for purposes of this
Section 1.3, the officers, directors, employees, and agents of the Manager) and each person, if any, who controls the Manager within the meaning of either Section 15 of the Securities Act or Section 20 of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”), from and against any and all losses, claims, damages, liabilities or expenses, joint or several (each, a “Loss” and, collectively, “Losses”), to which the
Manager or such controlling person may become subject under the Securities Act, the Exchange Act, or any other federal or state statutory law or regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement
is effected with the written consent of the Company, which consent shall not be unreasonably withheld or delayed), only to the extent such Losses (or actions in respect thereof as contemplated below) arise out of or are based upon (i) any
failure on the part of the Company to comply with the covenants and agreements contained in this Agreement, or (ii) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement, the Prospectus,
or any amendment or supplement thereto, or the omission or alleged omission to state in any of them a material fact required to be stated therein or necessary to make the statements in any of them, in light of the circumstances under which they were
made, not misleading, and will reimburse the Manager and each such controlling person for any reasonable legal fees and other reasonable out-of-pocket expenses as such
expenses are incurred by the Manager or such controlling person in connection with investigating, defending, settling, compromising, or paying any such Loss or action; provided, however, that the Company will not be liable in any such
case to the extent that any such Loss arises out of or is based upon (i) an untrue statement or alleged untrue statement or omission or alleged omission made in the Registration Statement, the Prospectus or any amendment or supplement of the
Registration Statement or Prospectus in reliance upon and in conformity with information furnished in writing to the Company by the Manager, (ii) any untrue statement or omission or alleged untrue statement or omission of a material fact
required to make such statement not misleading in any Prospectus that is corrected in any subsequent Prospectus that was delivered to the Manager before the pertinent sale or sales by the Manager, or (iii) any untrue statement or alleged untrue
statement or omission or alleged omission in the Registration Statement, the Prospectus, or any amendment or supplement thereto, when used or distributed by the Manager during a period in which the disposition of Registrable Shares is properly
suspended under Section 1.2(b) or a Suspension is properly in effect under Section 1.2(c). The Manager hereby agrees that if the Manager or any of its controlling persons is not entitled to indemnification for Losses pursuant to this
Section 1.3(a), then neither the Manager nor any of its controlling persons shall be entitled to indemnification for such Loss pursuant to the Investment Management Agreement. 

(b) Indemnification by the Manager. To the extent permitted by applicable law, the Manager will indemnify and hold harmless the
Company, the Committee, each member of the Committee, each of the Company’s directors, each of the Company’s officers who signed the Registration Statement and each person, if any, who controls the Company within the meaning of either
Section 15 of the Securities Act or Section 20 of the Exchange Act (the “Boeing Indemnitees”), from and against any and all Losses to which the Boeing Indemnitees may become subject under the Securities Act, the Exchange
Act, or any other federal or state statutory law or 

  
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regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of the Manager, which consent shall not be
unreasonably withheld or delayed) only to the extent such Losses (or actions in respect thereof as contemplated below) arise out of or are based upon (i) any failure on the part of the Manager to comply with the covenants and agreements
contained in this Agreement respecting the sale of the Registrable Shares, or (ii) any untrue statement or alleged untrue statement of any material fact contained in the Registration Statement, the Prospectus, or any amendment or supplement
thereto, or arise out of or are based upon the omission or alleged omission to state in any of them a material fact required to be stated therein or necessary to make the statements in any of them not misleading, in each case only to the extent that
such untrue statement or alleged untrue statement or omission or alleged omission was made in the Registration Statement, the Prospectus, or any amendment or supplement thereto, in reliance upon and in conformity with information furnished in
writing to the Company by or on behalf of the Manager, and the Manager will reimburse the Boeing Indemnitees for any reasonable legal fees and other reasonable
out-of-pocket as such expenses are incurred by the Boeing Indemnitees in connection with investigating, defending, settling, compromising, or paying any such Loss or
action; provided, however, that the Manager shall not be liable for any such untrue statement or alleged untrue statement or omission or alleged omission with respect to which the Manager has delivered to the Company in writing a
correction before the occurrence of the transaction from which such Loss was incurred. Notwithstanding anything in this Agreement to the contrary, in no event shall the liability of the Manager under this Section 1.3 be greater than the
aggregate fees received by the Manager pursuant to the Investment Management Agreement. 
 (c) Indemnification Procedure. 

(i) Promptly after receipt by an indemnified party under this Section 1.3 of written notice of the threat or commencement of any action,
such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party under this Section 1.3, promptly notify the indemnifying party in writing of the claim; provided, however, that the omission so
to notify the indemnifying party will not relieve the indemnifying party from any liability which it may have to any indemnified party under the indemnity agreement contained in this Section 1.3, to the extent it is not prejudiced as a result
of such failure. 
 (ii) In case any such action is brought against any indemnified party and such indemnified party seeks or intends to
seek indemnity from an indemnifying party, the indemnifying party will be entitled to participate in, and to the extent that it may wish, jointly with all other indemnifying parties similarly notified, to assume the defense thereof with counsel
reasonably satisfactory to such indemnified party; provided, however, if the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that
there may be a conflict between the positions of the indemnifying party and the indemnified party in conducting the defense of any such action or that there may be legal defenses available to the indemnified party or other indemnified parties that
are different from or additional to those available to the indemnifying party, the indemnified party or parties shall have the right to select separate counsel to assume such legal defenses and to otherwise participate in the defense of such action
on behalf of such indemnified party or parties. Upon receipt of notice from the indemnifying party or other indemnified parties that are different from such indemnified party of its election so to assume the defense of such action and approval by
the 

  
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indemnified party of counsel, the indemnifying party will not be liable to such indemnified party under this Section 1.3 for any legal or other expenses subsequently incurred by such
indemnified party in connection with the defense thereof unless: 
 (1) The indemnified party shall have employed such counsel in
connection with the assumption of legal defenses in accordance with the proviso to the preceding sentence (it being understood, however, that the indemnifying party shall not be liable for the expenses of more than one separate counsel (other than
local counsel), approved by such indemnifying party representing all of the indemnified parties who are parties to such action); or 
 (2)
The indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of commencement of the action. 

In each such case, the reasonable fees and expenses of counsel shall be at the expense of the indemnifying party. 

(d) Contribution. If the indemnification provided for in this Section 1.3 is held by a court of competent jurisdiction to be
unavailable to an indemnified party with respect to any Loss referred to herein, then the indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a
result of such loss, claim, damage, liability, or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other hand in connection with the statements
or omissions that resulted in such Loss, as well as any other relevant equitable considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access
to information, and opportunity to correct or prevent such statement or omission. The amount paid or payable by a party as a result of the losses, claims, damages, liabilities, and expenses referred to above shall be deemed to include, subject to
the limitations set forth in Section 1.3(b) hereof, any legal or other fees or expenses reasonably incurred by such party in connection with any investigation or proceeding. 

The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 1.3(d) were determined by pro
rata allocation or by any other method of allocation which does not take into account the equitable considerations referred to in the immediately preceding paragraph. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any person or entity who was not guilty of such fraudulent misrepresentation. 

(e) Surviving Obligations. The obligations of the Company and the Manager under this Section 1.3 shall survive the completion of
the disposition of the Registrable Shares under this Section 1. 
 1.4 Rule 144 Information. For such period as the Trust holds
any Registrable Shares received pursuant to the Contribution, the Company shall use its commercially reasonable efforts 

  
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to file all reports required to be filed by the Company under the Securities Act, the Exchange Act, and the rules and regulations thereunder and shall use its commercially reasonable efforts to
take such further action to the extent required to enable the Trust to sell the Registrable Shares pursuant to Rule 144. 
 1.5 Rights of
the Trust. All of the rights and benefits conferred on the Manager pursuant to this Agreement (other than the right to indemnification provided in Section 1.3) are intended to inure to the benefit of the Trust. 

2. Miscellaneous. 
 2.1 Governing
Law. This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York, irrespective of the choice of laws principles of the State of New York, as to all matters, including matters of
validity, construction, effect, enforceability, performance and remedies. 
 2.2 Entire Agreement; Modification; Waivers. This
Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and shall supersede all previous negotiation, commitments, and writings with respect to the matters discussed herein. This Agreement may not be
altered, modified, or amended except by a written instrument signed by all parties. The failure of any party to require the performance or satisfaction of any term or obligation of this Agreement, or the waiver by any party of any breach of this
Agreement, shall not prevent subsequent enforcement of such term of obligation or be deemed a waiver of any subsequent breach. 
 2.3
Severability. The provisions of this Agreement are severable, and in the event that any one or more provisions are deemed illegal or unenforceable the remaining provisions shall remain in full force and effect unless the deletion of such
provision shall cause this Agreement to become materially adverse to either party, in which event the parties shall use commercially reasonable efforts to arrive at an accommodation that best preserves for the parties the benefits and obligations of
the offending provision. 
 2.4 Termination. Except as set forth in Section 1.3 hereof (which indemnification rights and
obligations shall survive any expiration or termination of this Agreement), this Agreement and all rights, restrictions and obligations of the parties hereunder shall terminate at the end of the Registration Period. 

2.5 Notices. All notices and other communications provided for or permitted hereunder shall be made in writing and shall be deemed to
have been duly made as of the date delivered if delivered personally, sent by overnight courier (providing proof of delivery) to the parties at the following addresses or as of the date transmitted if sent by electronic transmission to the following
facsimile numbers or electronic mail addresses (or at such other address, electronic mail address or facsimile number for a party as shall be specified by like notice): 

if to the Company: 
 The Boeing
Company 
 100 N. Riverside Plaza, M/C 5003-1001 

Chicago, Illinois 60606 

  
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Attn: Grant M. Dixton 
 Fax: (312) 544-2829

 Email: CSO@Boeing.com 

if to the Manager: 
 Newport Trust
Company 
 570 Lexington Avenue, Suite 1903 

New York, NY 10022 
 Attn: William
E. Ryan 
 Email: william.ryan@newportgroup.com 

2.6 Other Registration Rights. Nothing herein shall restrict the Company’s authority to grant to any person or entity the right to
obtain registration under the Securities Act of any equity securities of the Company or any securities exchangeable for or convertible into such securities. 

2.7 Title and Headings. Titles and headings to sections herein are inserted for convenience of reference only and are not intended to
be part of or to affect the meaning or interpretation of this Agreement. 
 2.8 Execution in Counterparts. This Agreement may be
executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

2.9 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Company and the Manager and their
respective successors and permitted assigns. None of the rights or obligations under this Agreement shall be assigned by the Manager without the prior written consent of the Company and the Trust in their sole discretion. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, each of the Company and the Manager has caused this Agreement to be duly
executed on its behalf by its duly authorized officer as of the date first written above. 
  

			
	 THE BOEING COMPANY

		
	 By:
	 	 /s/ David A. Dohnalek

	 Name:
	 	David A. Dohnalek
	 Title:
	 	Senior Vice President, Finance & Treasurer

  

			
	 NEWPORT TRUST COMPANY

as Investment Manager of a Segregated Account held in The Boeing Company Employee Retirement Plans Master Trust

			
		
	 By:
	 	 /s/ William E. Ryan III

	 Name:
	 	William E. Ryan III
	 Title:
	 	PresidentEX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AMENDMENT NO. 2 TO 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

This AMENDMENT NO. 2 TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of November 6, 2020, is
executed by and among APOGEE ENTERPRISES, INC., a Minnesota corporation (the “Borrower”), the Lenders (as defined below), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (the
“Administrative Agent”). 
 BACKGROUND 

A.    The Borrower, the lenders party thereto (“Lenders”), the Administrative Agent and the other named
agents are party to that certain Third Amended and Restated Credit Agreement dated as of June 25, 2019, as amended by that certain Amendment No. 1 to Third Amended and Restated Credit Agreement dated as of April 6, 2020 (as further
amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”). 

B.    The parties wish to amend the Credit Agreement as provided herein. 

C.    The Borrower, the Administrative Agent and the Lenders are willing to enter into this Amendment upon the terms and
conditions set forth below. 
 NOW THEREFORE, in consideration of the matters set forth in the recitals and the covenants and provisions
herein set forth, and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

AGREEMENT 

Section 1.    Definitions. Capitalized terms used herein and not otherwise defined herein
shall have the meanings ascribed thereto in the Credit Agreement. 

Section 2.    Amendments to the Credit Agreement. As of the Second Amendment Effective
Date (as defined below), the Credit Agreement is hereby amended as follows: 
 2.1.    Section 1.1 of the Credit
Agreement is hereby amended by: 
  

	 	(i)	 deleting the table in the definition of “Applicable Margin” and replacing it with the following:

  

																							
	 	  	 	  	Interest Margin for
Revolving Loans	 	 	Interest Margin for
Term Loans	 	 	 	 
	 Level
	  	 Leverage Ratio
	  	LIBOR Rate
Loans	 	 	Base Rate
Loans	 	 	LIBOR Rate
Loans	 	 	Base Rate
Loans	 	 	Commitment
Fee	 
	 I
	  	 Less than 1.00 to 1.00
	  	 	1.125	% 	 	 	0.125	% 	 	 	1.375	% 	 	 	0.375	% 	 	 	0.15	% 
	 II
	  	 Greater than or equal to 1.00 to 1.00 but less than 1.50 to 1.00
	  	 	1.25	% 	 	 	0.25	% 	 	 	1.50	% 	 	 	0.50	% 	 	 	0.175	% 

																							
	 	  	 	  	Interest Margin for
Revolving Loans	 	 	Interest Margin for
Term Loans	 	 	 	 
	 Level
	  	 Leverage Ratio
	  	LIBOR Rate
Loans	 	 	Base Rate
Loans	 	 	LIBOR Rate
Loans	 	 	Base Rate
Loans	 	 	Commitment
Fee	 
	 III
	  	 Greater than or equal to 1.50 to 1.00 but less than 2.00 to 1.00
	  	 	1.375	% 	 	 	0.375	% 	 	 	1.625	% 	 	 	0.625	% 	 	 	0.225	% 
	 IV
	  	 Greater than or equal to 2.00 to 1.00 but less than 2.50 to 1.00
	  	 	1.50	% 	 	 	0.50	% 	 	 	1.75	% 	 	 	0.75	% 	 	 	0.275	% 
	 V
	  	 Greater than or equal to 2.50 to 1.00
	  	 	1.75	% 	 	 	0.75	% 	 	 	2.00	% 	 	 	1.00	% 	 	 	0.325	% 

  

	 	(ii)	 deleting the last paragraph in the definition of “LIBOR” and replacing it in its entirety as follows:

 Notwithstanding the foregoing, (x) in no event shall LIBOR (including, any Benchmark Replacement with respect
thereto) be less than 0% and (y) unless otherwise specified in any amendment to this Agreement entered into in accordance with Section 4.8(c), in the event that a Benchmark Replacement with respect to LIBOR is
implemented then all references herein to LIBOR shall be deemed references to such Benchmark Replacement. 
  

	 	(iii)	 restating the definition of “EEA Resolution Authority” in its entirety as follows:

 “EEA Resolution Authority” shall mean any public administrative authority or any Person
entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 
  

	 	(iv)	 restating the definition of “Security Documents” in its entirety as follows: 

“Security Documents” shall mean the collective reference to the Subsidiary Guaranty Agreement, and each other
agreement or writing pursuant to which any Credit Party purports to pledge or grant a security interest in any Property or assets securing the Obligations or any such Person purports to guaranty the payment and/or performance of the Obligations, in
each case, as amended, restated, supplemented or otherwise modified from time to time. 
  

	 	(v)	 restating the definition of “Term Loan Maturity Date” in its entirety as follows:

 “Term Loan Maturity Date” shall mean June 25, 2024. 

 

	 	(vi)	 restating the definition of “Write-Down and Conversion Powers” in its entirety as follows:

 “Write-Down and Conversion Powers” shall mean, (a) with respect to any EEA
Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down

  
 2 

 
and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable
Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises,
to convert all or part of that liability into shares, securities or obligations of that Person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any
obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

 

	 	(vii)	 deleting the definitions of “Collateral Agreement”, “Declining Lender” “Extending
Lender”, “Extension Request”, “Response Date”, and “UCC” in their entirety; and 

  

	 	(viii)	 adding the following new definitions of “Affected Financial Institution”, “Resolution
Authority”, “Revolving Credit Declining Lender”, “Revolving Credit Extending Lender”, “Revolving Credit Extension Request”, “Revolving Credit Response Date”, “Second Amendment Effective Date”,
“Term Loan Declining Lender”, “Term Loan Extending Lender”, “Term Loan Extension Request”, “Term Loan Response Date”, “UK Financial Institution” and “UK Resolution Authority” in correct
alphabetical order: 

 “Affected Financial Institution” shall mean (a) any EEA
Financial Institution or (b) any UK Financial Institution. 
 “Resolution Authority” shall mean
an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. 
 “Revolver
Declining Lender” has the meaning assigned thereto in Section 2.7(b). 
 “Revolver
Extending Lender” has the meaning assigned thereto in Section 2.7(a). 
 “Revolver
Extension Request” has the meaning assigned thereto in Section 2.7(a). 

“Revolver Response Date” has the meaning assigned thereto in Section 2.8(a). 

“Second Amendment Effective Date” shall mean November 6, 2020. 

“Term Loan Declining Lender” has the meaning assigned thereto in Section 2.7(b).

  
 3 

 “Term Loan Extending Lender” has the meaning assigned
thereto in Section 2.7(a). 
 “Term Loan Extension Request” has the meaning
assigned thereto in Section 2.7(a). 
 “Term Loan Response Date” has the meaning
assigned thereto in Section 2.8(a). 
 “UK Financial Institution” shall mean any
BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to
time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” shall mean the Bank of England or any other public administrative authority having
responsibility for the resolution of any UK Financial Institution. 
 2.2.    Section 1.4 of the Credit Agreement
is hereby amended and restated in its entirety as follows: 
 SECTION 1.4     [Intentionally omitted.]

 2.3.    Section 1.6 of the Credit Agreement is hereby amended by deleting the reference therein to
“UCC,”. 
 2.4.    Sections 2.8 and 2.9 of the Credit Agreement are hereby amended and restated in
their entirety as follows: 
 SECTION 2.8     Extension of Revolver Maturity Date. 

(a)    On no more than two (2) occasions from and after the Second Amendment Effective Date but prior
to the Revolver Maturity Date, the Borrower may request an extension of the Revolver Maturity Date for a period of one additional year by submitting a request for an extension to the Administrative Agent (a “Revolver Extension
Request”) no earlier than 90 days, but no later than 30 days prior to any anniversary of the Restatement Closing Date. The Revolver Extension Request must specify the new Revolver Maturity Date requested by the Borrower and the date as of
which the Revolving Credit Lenders must respond to the Revolver Extension Request, which date shall not be less than 20 days prior to the applicable anniversary date (the “Revolver Response Date”). Promptly upon receipt of a
Revolver Extension Request, the Administrative Agent shall notify each Revolving Credit Lender of the 

  
 4 

 
contents thereof and shall request each Revolving Credit Lender to approve the Revolver Extension Request. Each Revolving Credit Lender may, in its sole and absolute discretion, approve or deny
any Revolver Extension Request. Each Revolving Credit Lender approving the Revolver Extension Request (a “Revolver Extending Lender”) shall deliver its written consent no later than the Revolver Response Date and any Revolving
Credit Lender which has not responded to such Extension Request by the Revolver Response Date shall be deemed to have declined it. The Administrative Agent shall provide written notice to the Borrower of the Revolving Credit Lenders’ response
no later than 5 days prior to the applicable anniversary date. The Revolver Extending Lenders’ Revolving Credit Commitments (and the Revolver Maturity Date) shall be extended for one additional year after the Revolver Maturity Date in effect at
the time the Revolver Extension Request is received, including the Revolver Maturity Date as one of the days in the calculation of the days elapsed; provided that (i) at least 50% of the Revolving Credit Commitment amount is extended or
otherwise committed to by Revolver Extending Lenders and any new lenders and (ii) the Borrower has delivered to the Administrative Agent (x) an Officer’s Certificate dated as of the Revolver Maturity Date in effect at the time the
Revolver Extension Request is received certifying that (A) the representations and warranties contained in Article VI and the other Loan Documents are true and correct as of such date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and (B) no Default or Event of Default exists and (y) customary corporate authorization documents reasonably requested by
the Administrative Agent. Otherwise, the Revolver Maturity Date shall not be extended. 
 (b)    The
Commitment of any Revolving Credit Lender that declines a Revolver Extension Request or fails to approve a Revolver Extension Request on or prior to the Revolver Response Date (a “Revolver Declining Lender”) shall be terminated on
the Revolver Maturity Date in effect at the time such Revolver Extension Request is received (without regard to any extension by other Lenders) and the Borrower shall pay to such Revolver Declining Lender all principal, interest, fees and other
amounts owing to such Revolver Declining Lender on the Revolver Maturity Date in effect at the time such Revolver Extension Request is received (without regard to any extension by other Lenders). The Borrower shall have the right, on or prior to the
applicable anniversary date, to replace any Revolver Declining Lender with a third party financial institution reasonably acceptable to the Administrative Agent and the Borrower in the manner set forth in Section 4.12(b).

  
 5 

 SECTION 2.9     Extension of Term Loan Maturity
Date. 
 (a)    On no more than two (2) occasions from and after the Second Amendment Effective
Date but prior to the Term Loan Maturity Date, the Borrower may request an extension of the Term Loan Maturity Date for a period of one additional year by submitting a request for an extension to the Administrative Agent (a “Term Loan
Extension Request”) no earlier than 90 days, but no later than 30 days prior to any anniversary of the Restatement Closing Date. The Term Loan Extension Request must specify the new Term Loan Maturity Date requested by the Borrower and the
date as of which the Term Loan Lenders must respond to the Term Loan Extension Request, which date shall not be less than 20 days prior to the applicable anniversary date (the “Term Loan Response Date”). Promptly upon receipt of a
Term Loan Extension Request, the Administrative Agent shall notify each Term Loan Lender of the contents thereof and shall request each Term Loan Lender to approve the Term Loan Extension Request. Each Term Loan Lender may, in its sole and absolute
discretion, approve or deny any Term Loan Extension Request. Each Term Loan Lender approving the Term Loan Extension Request (a “Term Loan Extending Lender”) shall deliver its written consent no later than the Term Loan Response
Date and any Term Loan Lender which has not responded to such Term Loan Extension Request by the Term Loan Response Date shall be deemed to have declined it. The Administrative Agent shall provide written notice to the Borrower of the Term Loan
Lenders’ response no later than 5 days prior to the applicable anniversary date. The Extending Lenders’ Term Loan Commitments (and the Term Loan Maturity Date) shall be extended for one additional year after the Term Loan Maturity Date in
effect at the time the Term Loan Extension Request is received, including the Term Loan Maturity Date as one of the days in the calculation of the days elapsed; provided that (i) at least 50% of the Term Loan Commitment amount is extended or
otherwise committed to by Term Loan Extending Lenders and any new lenders and (ii) the Borrower has delivered to the Administrative Agent (x) an Officer’s Certificate dated as of the Term Loan Maturity Date in effect at the time the
Term Loan Extension Request is received certifying that (A) the representations and warranties contained in Article VI and the other Loan Documents are true and correct as of such date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and (B) no Default or Event of Default exists and (y) customary corporate authorization documents reasonably requested by
the Administrative Agent. Otherwise, the Term Loan Maturity Date shall not be extended. 
 (b)    The
Commitment of any Term Loan Lender that declines a Term Loan Extension Request or fails to approve a Term Loan Extension Request on or prior to the Term Loan Response Date (a “Declining Lender”) shall be terminated on the Term Loan
Maturity Date in effect at 

  
 6 

 
the time such Term Loan Extension Request is received (without regard to any extension by other Lenders) and the Borrower shall pay to such Term Loan Declining Lender all principal, interest,
fees and other amounts owing to such Term Loan Declining Lender on the Term Loan Maturity Date in effect at the time such Term Loan Extension Request is received (without regard to any extension by other Lenders). The Borrower shall have the right,
on or prior to the applicable anniversary date, to replace any Term Loan Declining Lender with a third party financial institution reasonably acceptable to the Administrative Agent and the Borrower in the manner set forth in
Section 4.12(b). 
 2.5.    Section 4.10(b) of the Credit Agreement is hereby amended
and restated in its entirety as follows: 
 (b)    Capital Requirements. If any Lender or any
Issuing Lender determines that any Change in Law affecting such Lender or such Issuing Lender or any Lending Office of such Lender or such Lender’s or such Issuing Lender’s holding company, if any, regarding capital or liquidity
requirements has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Lender’s capital or on the capital of such Lender’s or such Issuing Lender’s holding company, if any, as a consequence of
this Agreement, the Revolving Credit Commitment of such Lender or the Loans made by, or participations in Letters of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by such Issuing Lender, to a level below that which
such Lender or such Issuing Lender or such Lender’s or such Issuing Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Lender’s policies and the
policies of such Lender’s or such Issuing Lender’s holding company with respect to capital adequacy and liquidity), then from time to time upon written request of such Lender or such Issuing Lender the Borrower shall promptly pay to such
Lender or such Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Lender or such Lender’s or such Issuing Lender’s holding company for any such reduction suffered. 

2.6.    Section 4.13(a)(ii)(C)(1)(x) of the Credit Agreement is hereby amended and restated in its entirety as
follows: 
 (x) such Incremental Term Loan shall constitute an increase to the principal amount of an existing Term Loan with a maturity date
equal to the Term Loan Maturity Date; 
 2.7.    Section 7.12(b) of the Credit Agreement is hereby amended and
restated in its entirety as follows: 

  
 7 

 (b)    The Borrower will not request any Extension of
Credit, and the Borrower shall not use, and shall ensure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Extension of Credit, directly or indirectly, or lend, contribute
or otherwise make available such proceeds to any joint venture partner or other Person, (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in
violation of any Anti-Corruption Laws or Anti-Money Laundering Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or
(C) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

2.8.    Section 7.14(b) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(b)    [Intentionally omitted.] 

2.9.    Section 8.4(l) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(l)    Investments in Subsidiaries; provided, that if such Subsidiary is a Domestic Subsidiary, such
Subsidiary has executed a Subsidiary Guaranty Agreement to the extent required by Section 7.14; 

2.10.    Section 11.1(a) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(a)    Notices Generally. Except in the case of notices and other communications expressly permitted
to be given by telephone (and except as provided in paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, or mailed by certified or
registered mail as follows: 
  

			
	 If to the Borrower:
	    	Apogee Enterprises, Inc.
		    	4400 West 78th Street, Suite 520
		    	Minneapolis, MN 55435
		    	Attention: Gary Johnson
		    	Telephone No.: (952) 487-7542
		    	E-mail: gjohnson@apog.com
		
	If to Wells Fargo as Administrative Agent:	    	Wells Fargo Bank, National Association
		    	1525 West W.T. Harris Blvd.
		    	Charlotte, NC 28262
		    	Attention of: Syndication Agency Services
		    	Telephone No.: (704) 590-2703

  
 8 

			
	With copies to:	    	Wells Fargo Bank, National Association
		    	Wells Fargo Center
		    	90 South 7th Street, 15th Floor
		    	N9305-152
		    	Minneapolis, MN 55402
		    	Attention of: Gregory Strauss
		    	Telephone No.: (612) 667-7775
		    	E-mail: gregory.j.strauss@wellsfargo.com
		
	If to Wells Fargo as Issuing Lender:	    	Wells Fargo Bank, National Association
		    	401 Linden Street, 1st Floor
		    	Winston-Salem, NC 27101
		    	Attention: Standby L/C Department
		    	Telephone No.: (336) 735-3372
		
	If to U.S. Bank as Issuing Lender:	    	U.S. Bank National Association
		    	800 Nicollet Mall
		    	Minneapolis, MN 55402
		    	Attention: Edward Hanson
		    	Telephone No.: (612) 303-3771
		    	E-mail: Edward.hanson1@usbank.com
		
	If to any Lender:	    	To the address of such Lender set forth on the Register.

 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be
deemed to have been given when received; (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through
electronic communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). 

2.11.    Section 11.2(b) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(b)    waive, extend or postpone any date fixed by this Agreement or any other Loan Document for any
payment of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly and adversely affected thereby; 

  
 9 

 2.12.    Section 11.2(h) of the Credit Agreement is hereby
amended and restated in its entirety as follows: 
 (h)    release all or substantially all of the
Collateral (except as otherwise specifically permitted or contemplated in this Agreement) without the written consent of each Lender; 

2.13.    Section 11.3(b) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(b)    Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent (and
any sub-agent thereof), Wells Fargo Securities, LLC, each Lender and each Issuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claims (including, without limitation, any Environmental Claims, penalties, damages, liabilities and related expenses (including
the fees, charges and disbursements of any counsel for any Indemnitee (which shall be limited to the reasonable and documented out-of-pocket fees, disbursements and
other charges of one counsel to the Indemnitees and, if reasonably necessary, a single local counsel for the Indemnitees in each relevant jurisdiction and with respect to each relevant specialty, and in the case of an actual or perceived conflict of
interest, one additional counsel in each relevant jurisdiction to the affected Indemnitees similarly situated)), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including the Borrower or any other Credit Party) arising
out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective
obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any Issuing Lender to
honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or Release of Hazardous
Substances on or from any property owned or operated by any Credit Party or any Subsidiary thereof, or any Environmental Claim related in any way to any Credit Party or any Subsidiary, (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Credit Party or any Subsidiary thereof, and regardless of whether any Indemnitee is a party
thereto, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense
thereof, arising out of 

  
 10 

 
or in any way connected with the Loans, this Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or
thereby, including without limitation, reasonable attorneys and consultant’s fees, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related
expenses (A) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from a material breach of such Indemnitee’s obligations under this Agreement, (B) are determined by a court of
competent jurisdiction by final and nonappealable judgment to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnitee, or (C) are incurred in connection with any dispute among Indemnitees (other than a
dispute against the Administrative Agent in its capacity as such) other than as a result of any act or omission by the Borrower or its Affiliates. 

2.14.    Section 11.16(a) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(a)    Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and
by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents, and any separate letter
agreements with respect to fees payable to the Administrative Agent, the Issuing Lenders, the Swingline Lender and/or the Arrangers constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all
previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 5.1, this Agreement shall become effective when it shall have been executed by the Administrative
Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto.    Delivery of an executed counterpart of a signature page of
this Agreement by telecopy, emailed pdf. or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement. The words
“execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Agreement and any other document to be signed in connection with this Agreement and the transactions contemplated
hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof
or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures
and Records Act, or any other similar 

  
 11 

 
state laws based on the Uniform Electronic Transactions Act; provided that (a) nothing herein shall require the Administrative Agent or any Lender to accept electronic signatures in any form
or format without its prior written consent, and (b) the Borrower agrees that, in the event this Agreement or any other agreement or document executed and delivered by the Borrower in connection herewith to the Administrative Agent or any
Lender and bearing the Electronic Signature of the Borrower (each an “Electronically Signed Document”), promptly after request therefor by the Administrative Agent or such Lender, as the case may be, the Borrower will take
reasonable steps to provide such requesting party with a counterpart of such Electronically Signed Document manually signed by the Borrower. Without limiting the generality of the foregoing, the Borrower hereby (i) agrees that, for all
purposes, including without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative, Agent, the Lenders and the Borrower, electronic images of this Agreement
or any other Loan Document (in each case, including with respect to any signature pages thereto) shall have the same legal effect, validity and enforceability as any paper original, and (ii) waives any argument, defense or right to contest the
validity or enforceability of this Agreement or any other Loan Document based solely on the lack of paper original copies hereof or thereof, including with respect to any signature pages thereto. For purposes hereof, “Electronic
Signature” shall mean an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract or record. 

2.15.    Section 11.22 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

SECTION 11.22    Acknowledgement and Consent to Bail-In of
Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected
Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees
to be bound by: 
 (a)    the application of any Write-Down and Conversion Powers by the applicable
Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 

(b)    the effects of any Bail-in Action on any such liability,
including, if applicable: 

  
 12 

 (i)    a reduction in full or in part or cancellation
of any such liability; 
 (ii)    a conversion of all, or a portion of, such liability into shares or
other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by
it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 

(iii)    the variation of the terms of such liability in connection with the exercise of the write-down
and conversion powers of the applicable Resolution Authority. 
 Section 3.    Termination
of Collateral Agreement. As of the Second Amendment Effective Date (as defined below), each Lender hereby authorizes the termination of the Collateral Agreement and the release of any and all liens, encumbrances, security interests, and pledges
in or on the Collateral pursuant to the Collateral Agreement; provided that such release shall not affect the obligations of any Subsidiary Guarantor pursuant to the Subsidiary Guaranty Agreement. 

Section 4.    Representations and Warranties. To induce the Administrative Agent and the
undersigned Lenders to execute this Amendment, the Borrower hereby represents and warrants to the Administrative Agent and such Lenders as follows: 

4.1.    the execution, delivery and performance of this Amendment have been duly authorized by all requisite action
of the Borrower, and this Amendment constitutes the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms, subject to bankruptcy, insolvency, reorganization, fraudulent transfer,
moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability; 

4.2.    each of the representations and warranties contained in Article VI of the Credit Agreement are true and
correct in all material respects with the same effect as though made on and as of the date hereof (except, in each case, to the extent stated to relate to an earlier date, in which case such representation or warranty shall have been true and
correct on and as of such earlier date); provided, that if a representation or warranty is qualified as to materiality, the applicable materiality qualifier set forth above shall be disregarded with respect to such representation and warranty for
purposes of this provision; and 
 4.3.    no Event of Default or Default exists under the Credit Agreement or
would exist after giving effect to this Amendment. 
 Section 5.    Effectiveness. This
Amendment shall become effective as of the date first set forth above, subject to the satisfaction of the following conditions precedent (the date of such satisfaction being the “Second Amendment Effective Date”): 

  
 13 

 5.1.    Amendment. Administrative Agent shall have
received counterparts of this Amendment signed by the Administrative Agent, the Borrower and the Lenders. 

5.2.    Consent and Reaffirmation Agreement. The Subsidiary Guarantors shall have executed and delivered to
Administrative Agent a Consent and Reaffirmation Agreement in the form of Exhibit A attached hereto. 

5.3.    Termination of Collateral Agreement. Administrative Agent shall have executed a termination
agreement with respect to the Collateral Agreement. 
 5.4.    Legal Opinion. A favorable opinion of
counsel to the Borrower addressed to the Administrative Agent and the Lenders with respect to the Borrower, this Amendment, the Loan Documents and such other matters as the Administrative Agent shall reasonably request and which opinion shall permit
reliance by successors and permitted assigns of each of the Administrative Agent and the Lenders. 

5.5.    Secretary’s Certificate. Administrative Agent shall have received from Borrower (i) its
charter (or similar formation document) (or a certification by its secretary or assistant secretary that there have been no changes to its charter (or similar formation document) since delivery thereof to Administrative Agent on the Restatement
Closing Date), (ii) a good standing certificate from its state of organization, (iii) its bylaws or similar formation document (or a certification from its secretary or assistant secretary that as of the date of such certificate there has been
no change to its bylaws since delivery thereof to Administrative Agent on the Restatement Closing Date), (iv) resolutions of its board of directors or other governing body approving and authorizing its execution, delivery and performance of this
Amendment, and (v) signature and incumbency certificates of its officers executing this Amendment, all certified by its secretary or an assistant secretary as being in full force and effect without modification. 

5.6.    Payment of Fees. The Borrower shall have paid to (i) the Administrative Agent the fees set
forth in that certain Fee Letter among the Borrower, Wells Fargo Securities, LLC and the Administrative Agent dated as of October 20, 2020 and (ii) U.S. Bank National Association the fees set forth in that certain Fee Letter among the
Borrower and U.S. Bank National Association dated as of October 20, 2020. 

Section 6.    Reference to and Effect Upon the Credit Agreement. 

6.1.    Except as specifically provided herein, the Credit Agreement and the other Loan Documents shall remain in
full force and effect and are hereby ratified and confirmed. 
 6.2.    Except as specifically set forth herein,
the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders under the Credit Agreement or any other Loan Document, nor constitute an amendment or
waiver of any provision of the Credit Agreement or any other Loan Document. Upon the effectiveness of this Amendment, each reference to the Credit Agreement contained therein or in any other Loan Document shall mean and be a reference to the Credit
Agreement as amended hereby. This Amendment shall constitute a Loan Document for the purposes of the Credit Agreement and each other Loan Document. 

  
 14 

 Section 7.    APPLICABLE LAW. THIS AMENDMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL
OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THAT WOULD REQUIRE APPLICATION OF ANOTHER LAW. 

Section 8.    Enforceability and Severability. Wherever possible, each provision in or
obligation under this Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any such provision or obligation shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and
enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

Section 9.    Counterparts. This Amendment may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which when taken together shall constitute one and the same instrument. This Amendment may be
executed by means of (a) an electronic signature that complies with the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform Electronic Transactions Act, or any other relevant and applicable
electronic signatures law; (b) an original manual signature; or (c) a faxed, scanned, or photocopied manual signature. Each electronic signature or faxed, scanned, or photocopied manual signature shall for all purposes have the same
validity, legal effect, and admissibility in evidence as an original manual signature. The Administrative Agent reserves the right, in its sole discretion, to accept, deny, or condition acceptance of any electronic signature on this Amendment. 

Section 10.    Costs and Expenses. The Borrower hereby affirms its obligation under
Section 11.3 of the Credit Agreement to reimburse the Administrative Agent for all reasonable out-of-pocket expenses incurred in connection with the preparation,
negotiation, execution and delivery of this Amendment, including but not limited to the attorneys’ fees and expenses for the Administrative Agent with respect thereto. 

[signature pages follow] 

  
 15 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the day and year
first above written. 
 BORROWER: 
  

			
	APOGEE ENTERPRISES, INC., as Borrower
		
	By:	 	 /s/ Gary R. Johnson

			
		
	Name:	 	 Gary R. Johnson

			
		
	Title:	 	   Senior Vice President and Treasurer

 AGENTS AND LENDERS: 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swingline Lender, Issuing Lender and a Lender

 
			
		
	By:	 	 /s/ Greg Strauss

			
		
	Name:	 	 Greg Strauss

 
			
		
	Title:	 	   Managing Director

			
	
	U.S. BANK NATIONAL ASSOCIATION, as Syndication Agent, Issuing Lender and a Lender

 
			
		
	By:	 	 /s/ Peter I. Bystol

			
		
	Name:	 	 Peter I. Bystol

			
		
	Title:	 	   Senior Vice President

 [Signature Page to Amendment No. 2 to Third Amended and Restated Credit Agreement] 

 
			
	COMERICA BANK, as a Lender

 
			
		
	By:	 	 /s/ Brandon Kotcher

			
		
	Name:	 	 Brandon Kotcher

			
		
	Title:	 	   Portfolio Manager &
AVP

 
			
	
	BMO HARRIS BANK, N.A., as a Lender

 
			
		
	By:	 	 /s/ Philip Sanfilippo

			
		
	Name:	 	 Philip Sanfilippo

			
		
	Title:	 	   Director

			
	
	TRUIST BANK, as successor by merger to SunTrust Bank, as a Lender

 
			
		
	By:	 	 /s/ Katherine Bass

			
		
	Name:	 	 Katherine Bass

 

			
		
	Title:	 	   Director

 [Signature Page to Amendment No. 2 to Third Amended and Restated Credit Agreement] 

 EXHIBIT A 

CONSENT AND REAFFIRMATION 

The undersigned (“Guarantors”) hereby (i) acknowledge receipt of a copy of Amendment No. 2 to Third Amended and
Restated Credit Agreement dated as of November 6, 2020 (the “Amendment”); (ii) consent to the execution and delivery thereof by Borrower; (iii) agree to be bound thereby; (iv) affirm that nothing contained therein
shall modify in any respect whatsoever its guaranty of the Obligations of Borrower to Administrative Agent and Lenders pursuant to the terms of that certain Third Amended and Restated Subsidiary Guaranty Agreement, dated as of June 25, 2019
(“Guaranty”), and (v) reaffirm that the Guaranty is and shall continue to remain in full force and effect. Although each of the Guarantors has been informed of the matters set forth herein and in the Amendment and has
acknowledged and agreed to same, Guarantors understand that Administrative Agent and Lenders have no obligation to inform Guarantors of such matters in the future or to seek Guarantors’ acknowledgment or agreement to future amendments or
waivers, and nothing herein shall create such a duty. 
 This Consent and Reaffirmation shall be governed by and construed in accordance
with, the internal laws of the State of New York (including Section 5-1401 of the General Obligations Law of the State of New York), without regard to conflicts of laws principles that would require
application of another law. 
 [signature page follows] 

 IN WITNESS WHEREOF, each of the Guarantors has executed and delivered this Consent and
Reaffirmation under seal by their duly authorized officers, all as of the day and year first above written. 
  

					
	Apogee Wausau Group, Inc.

 
					
		
	By:	 	  

					
	      	 	Name:	 	 Gary R. Johnson

					
	      	 	Title:	 	   Treasurer

					
	
	Harmon, Inc.

 
					
		
	By:	 	  

					
	      	 	Name:	 	 Gary R. Johnson

					
	      	 	Title:	 	   Treasurer

					
	
	Tru Vue, Inc.

 
					
		
	By:	 	  

					
	      	 	Name:	 	 Gary R. Johnson

					
	      	 	Title:	 	   Treasurer

					
	
	Viracon Georgia, Inc.

 
					
		
	By:	 	  

					
	      	 	Name:	 	 Gary R. Johnson

					
	      	 	Title:	 	   Treasurer

					
	
	Viracon, Inc.

 
					
		
	By:	 	  

					
	      	 	Name:	 	 Gary R. Johnson

					
	      	 	Title:	 	   Treasurer

 [Signature Page to Consent and Reaffirmation] 

 
					
	Tubelite Inc.

 
					
		
	By:	 	  

					
	      	 	Name:	 	 Gary R. Johnson

					
	      	 	Title:	 	   Treasurer

					
	
	EFCO Corporation

 
					
		
	By:	 	  

					
	      	 	Name:	 	 Gary R. Johnson

					
	      	 	Title:	 	   Treasurer

 [Signature Page to Consent and Reaffirmation]

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