Document:

EX-10.9

 Exhibit 10.9 

EXECUTION VERSION 

INDEMNIFICATION AGREEMENT 

This INDEMNIFICATION AGREEMENT, dated as of August 1, 2017 (the “Agreement”), is among CD&R Plumb Buyer, LLC, a
Delaware limited liability company ( “Guarantor Holdings”), HD Supply Waterworks Group, LLC, a Delaware limited liability company f/k/a HD Supply Waterworks Group, Inc. (“Waterworks Group”), HD Supply Waterworks,
Ltd., a Florida limited partnership (the “Company”), CD&R Waterworks Holdings, L.P., a Cayman Islands exempted limited partnership, and CD&R WW Holdings, L.P., a Cayman Islands exempted limited partnership (collectively, the
“CD&R Investors”), CD&R Associates X Waterworks, L.P., a Cayman Islands exempted limited partnership (“CD&R Associates X Waterworks”), CD&R Waterworks Holdings GP, Ltd., a Cayman Islands exempted
company (“Waterworks Holdings GP”), CD&R WW, LLC, a Delaware limited liability company (“New Blocker”), CD&R WW Holdings, LLC, a Delaware limited liability company (“New Blocker Holdings”),
CD&R Fund X Advisor Waterworks A, L.P., a Cayman Islands exempted limited partnership (“AIV 1”), CD&R Fund X Waterworks B, L.P., a Cayman Islands exempted limited partnership (“AIV 2”), CD&R Fund X-A Waterworks A, L.P., a Cayman Islands exempted limited partnership (“AIV 3”), CD&R Fund X Advisor Waterworks B, L.P., a Cayman Islands exempted limited partnership (“AIV 4”),
CD&R Fund X Waterworks B1, L.P., a Cayman Islands exempted limited partnership (“AIV 5”), CD&R Fund X-A Waterworks B, L.P. (together with AIV 1, AIV 2, AIV 3, AIV 4, and AIV 5, the
“AIVs”), and Clayton, Dubilier & Rice, LLC, a Delaware limited liability company (“Manager”). Capitalized terms used herein without definition have the respective meanings set forth in
Section 1 of this Agreement. 
 RECITALS 

A. The AIVs are managed by Manager and the general partner of the AIVs is CD&R Investment Associates X, Ltd., a Cayman Islands exempted
company (together with CD&R Associates X Waterworks and any other investment vehicle that is a direct or indirect stockholder in the Company and managed by Manager or its Affiliates, “Manager Associates”). 

B. Guarantor Holdings entered into the Purchase Agreement, dated as of June 4, 2017 (the “Purchase Agreement”), by and
among HD Supply Holdings, LLC, a Florida limited liability company (“Holdings”), HD Supply GP Management, Inc., a Delaware corporation (collectively with Holdings, “Sellers”), Guarantor Holdings and HD Supply, Inc.,
a Delaware corporation (“HDS”), pursuant to which Guarantor Holdings and the Sellers agreed, subject to the conditions set forth therein, that Guarantor Holdings would acquire Waterworks Group, the Company and the Additional
Transferred Assets (as defined in the Purchase Agreement) (such acquisition, the “Acquisition”). 

 C. The Purchase Agreement was amended and restated in its entirety as the Amended and
Restated Agreement and Plan of Merger, dated as of July 14, 2017 (the “Merger Agreement”), by and among Sellers, Guarantor Holdings, HDS, CD&R Waterworks Merger Sub, LLC (“Company Merger Sub”), New Blocker
and CD&R WW Merger Sub, LLC (“Blocker Merger Sub”), Waterworks and the Company pursuant to which the Acquisition was accomplished by means of (i) the merger of Company Merger Sub, a wholly owned subsidiary of
Guarantor Holdings, with and into the Company with the Company surviving (the “Company Merger”), (ii) the merger of Blocker Merger Sub, a wholly owned subsidiary of Blocker, with and into Waterworks Group with Waterworks
Group surviving and (iii) the sale of the Additional Transferred Assets to the Company (as the surviving entity in the Company Merger. 

D. In connection with the Acquisition, (i) Clayton, Dubilier & Rice Fund IX, L.P., a Cayman Islands exempted limited partnership
(“Fund IX”), entered into the Equity Commitment Letter, dated as of June 4, 2017, with Guarantor Holdings (as amended, restated, supplemented or otherwise modified from time to time, the “Commitment Letter”),
pursuant to which Fund IX agreed, subject to the conditions set forth therein, to purchase indirectly equity interests of Guarantor Holdings for an aggregate purchase price equal to the Commitment (as defined in the Commitment Letter), and
(ii) Fund IX subsequently assigned to Clayton, Dubilier & Rice Fund X, L.P., a Cayman Islands exempted limited partnership (“Fund X”), and Fund X assumed from Fund IX, all of Fund IX’s interests, liabilities and
obligations under the Commitment Letter pursuant to the Assignment and Assumption Agreement dated as of July 14, 2017. 
 E.
Concurrently with the execution and delivery of this Agreement, Guarantor Holdings, Waterworks Group and the Company have entered into a Consulting Agreement with Manager, dated as of the date hereof (as the same may be amended from time to time,
the “Consulting Agreement”). 
 F. In order to finance the Acquisition and related transactions, Guarantor Holdings and/or
one or more of its wholly-owned Subsidiaries (i) has entered into a senior secured term loan credit facility and a senior secured asset-based revolving credit facility and (ii) has issued senior unsecured notes (the “Notes
Offering” and, collectively with clause (i), the “Acquisition Financings”). 
 G. Any member or members of the
Company Group from time to time in the future may (i) offer and sell or cause to be offered and sold equity or debt securities or instruments (such offerings, collectively, the “Subsequent Offerings”), including, without
limitation, (x) offerings of shares of capital stock of any member of the Company Group, and/or options to purchase such shares or other equity-linked instruments to employees, directors, managers, dealers, franchisees and consultants of
and to any member or members of the Company Group (any such offering, a “Management Offering”), and (y) one or more offerings of debt securities or instruments for the purpose of refinancing any

  
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indebtedness of any member or members of the Company Group or for other corporate purposes, (ii) repurchase, redeem or otherwise acquire certain securities or instruments of any
member of the Company Group or engage in recapitalization or structural reorganization transactions relating thereto (any such repurchase, redemption, acquisition, recapitalization or reorganization, a “Redemption”), in each case
subject to the terms and conditions of any applicable agreement, and (iii) incur or assume indebtedness for borrowed money, assume, guarantee, endorse or otherwise become liable or responsible for (whether directly or contingently or
otherwise) for the obligations of any other Person or make any loan or advance to any other Person (such indebtedness, assumptions, guarantees, endorsements, loans, advances and liabilities, collectively, “Subsequent Financings”).

 H. The parties hereto recognize the possibility that claims might be made against and liabilities incurred by Manager, the CD&R
Funds, the AIVs, the CD&R Investors, Manager Associates or their respective related Persons or Affiliates under applicable securities laws or otherwise in connection with the Transactions (including the Consulting Services (as defined in the
Consulting Agreement)) or the Offerings, or the Financings, or relating to other actions or omissions of or by members of the Company Group, or relating to the provision of financial, investment banking, management, advisory, consulting, monitoring
or other services, including service as an officer or director of any member of the Company Group (collectively, “Services”) to the Company Group by such Persons, and the parties hereto accordingly wish to provide for Manager, the
CD&R Funds, the AIVs, the CD&R Investors, Manager Associates and their respective related Persons and Affiliates to be indemnified in respect of any such claims and liabilities. 

NOW, THEREFORE, in consideration of the foregoing premises, and the mutual agreements and covenants and provisions herein set forth, the
parties hereto hereby agree as follows: 
 1. Definitions. 

(a) “Acquisition” has the meaning specified in the Recitals to this Agreement. 

(b) “Acquisition Financings” has the meaning specified in the Recitals to this Agreement. 

(c) “Affiliate” means, with respect to any Person, (i) any other Person directly or indirectly Controlling,
Controlled by or under common Control with, such Person (ii) any Person directly or indirectly owning or Controlling 10% or more of any class of outstanding voting securities of such Person or (iii) any officer, director,
general partner, special limited partner or trustee of any such Person described in clause (i) or (ii). 

  
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 (d) “CD&R Funds” has the meaning specified in the preamble of this
Agreement. 
 (e) “CD&R Investors” has the meaning specified in the preamble of this Agreement. 

(f) “Claim” means, with respect to any Indemnitee, any claim by or against such Indemnitee involving any Obligation with
respect to which such Indemnitee may be entitled to be indemnified by any member of the Company Group under this Agreement. 
 (g)
“Commission” means the United States Securities and Exchange Commission or any successor entity thereto. 
 (h)
“Commitment Letter” has the meaning specified in the Recitals to this Agreement. 
 (i) “Company” has the
meaning specified in the preamble of this Agreement. 
 (j) “Company Group” means Guarantor Holdings and Waterworks Group,
the Company and their respective Subsidiaries. 
 (k) “Consulting Agreement” has the meaning specified in the Recitals to
this Agreement. 
 (l) “Control” of any Person means the power to direct the management and policies of such Person
(whether through the ownership of voting securities, by contract, as trustee or executor, as general partner, or otherwise). 
 (m)
“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 

(n) “Expenses” means all attorneys’ fees and expenses, retainers, court, arbitration and mediation costs, transcript
costs, fees and expenses of experts, witness and public relations consultants, bonds, costs of collecting and producing documents, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and
all other disbursements, costs or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, appealing or otherwise participating in a
Proceeding. 
 (o) “Financings” means the Acquisition Financings and any Subsequent Financing. 

(p) “Fund IX” has the meaning specified in the Recitals to this Agreement. 

  
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 (q) “Fund X” has the meaning specified in the Recitals to this Agreement.

 (r) “Indemnifying Party” has the meaning set forth in Section 2(a). 

(s) “Indemnitee” means each of Manager, the AIVs, the CD&R Investors, Manager Associates, Waterworks Holdings GP, New
Blocker Holdings, New Blocker, their respective Affiliates (other than any member of the Company Group), their respective successors and assigns, and the respective directors, officers, partners, members, employees, agents, advisors, consultants,
representatives and controlling persons (within the meaning of the Securities Act) of each of them, or of their partners, members and controlling persons, and each other person who is or becomes a director or an officer of any member of the Company
Group, in each case irrespective of the capacity in which such person acts. 
 (t) “Initial Consulting Services” has the
meaning specified in the Consulting Agreement. 
 (u) “Management Offering” has the meaning specified in the Recitals to
this Agreement. 
 (v) “Manager” has the meaning specified in the preamble of this Agreement. 

(w) “Manager Associates” has the meaning specified in the Recitals to this Agreement. 

(x) “Merger Agreement” has the meaning specified in the Recitals to this Agreement. 

(y) “Notes Offering” has the meaning specified in the Recitals to this Agreement. 

(z) “Obligations” means, collectively, any and all claims, obligations, liabilities, causes of actions, Proceedings,
investigations, judgments, decrees, losses, damages (including punitive, consequential, special and exemplary damages), fees, fines, penalties, amounts paid in settlement, costs and Expenses (including without limitation interest, taxes, assessments
and other charges in connection therewith and disbursements of attorneys, accountants, investment bankers and other professional advisors), in each case incurred, arising or existing with respect to third parties or otherwise, at any time or from
time to time. 
 (aa) “Offerings” means the Notes Offering, any Management Offering, any Redemption and any Subsequent
Offering. 
 (bb) “Parent” has the meaning specified in the Recitals to this Agreement. 

  
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 (cc) “Person” means an individual, corporation, limited liability company,
limited or general partnership, trust or other entity, including a governmental or political subdivision or an agency or instrumentality thereof. 

(dd) “Prime Rate” means the rate per annum published in the Wall Street Journal from time to time as the prime lending
rate prevailing during any relevant period. 
 (ee) “Proceeding” means a threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative, including without limitation a claim, demand, discovery request, formal or informal investigation, inquiry, administrative hearing, arbitration or other form of alternative
dispute resolution, including an appeal from any of the foregoing. 
 (ff) “Purchase Agreement” has the meaning specified
in the Recitals to this Agreement. 
 (gg) “Redemption” has the meaning specified in the Recitals to this Agreement. 

(hh) “Related Document” means any agreement, certificate, instrument or other document to which any member of the Company
Group may be a party or by which it or any of its properties or assets may be bound or affected from time to time relating in any way to the Transactions or any Offering or Financing or any of the transactions contemplated thereby, including without
limitation, in each case as the same may be amended from time to time, (i) any registration statement filed by or on behalf of any member of the Company Group with the Commission in connection with the Transactions or any Offering or
Financing, including all exhibits, financial statements and schedules appended thereto, and any submissions to the Commission in connection therewith, (ii) any prospectus, preliminary, final, free writing or otherwise, included in such
registration statements or otherwise filed by or on behalf of any member of the Company Group in connection with the Transactions or any Offering or used to offer or confirm sales of their respective securities or instruments in any Offering,
(iii) any private placement or offering memorandum or circular, information statement or other information or materials distributed by or on behalf of any member of the Company Group or any placement agent or underwriter in connection
with the Transactions or any Offering or Financing, (iv) any federal, state or foreign securities law or other governmental or regulatory filings or applications made in connection with any Offering, the Transactions or any of the
transactions contemplated thereby, (v) any dealer-manager, underwriting, subscription, purchase, stockholders, option or registration rights agreement or plan entered into or adopted by any member of the Company Group in connection with
the Transactions or any Offering or Financing, (vi) any purchase, repurchase, redemption, recapitalization or reorganization or other agreement entered into by any member of the Company Group in connection with any Redemption or
(vii) any 

  
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quarterly, annual or current reports or other filing filed, furnished or supplementally provided by any member of the Company Group with or to the Commission or any securities exchange, including
all exhibits, financial statements and schedules appended thereto, and any submission to the Commission or any securities exchange in connection therewith. 

(ii) “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 (jj) “Services” has the meaning specified in the Recitals to this Agreement. 

(kk) “Subsequent Financings” has the meaning specified in the Recitals to this Agreement. 

(ll) “Subsequent Offerings” has the meaning specified in the Recitals to this Agreement. 

(mm) “Subsidiary” means each corporation or other Person in which a Person owns or Controls, directly or indirectly, capital
stock or other equity interests representing more than 50% of the outstanding voting stock or other equity interests. 
 (nn)
“Transactions” means the Acquisition, the Acquisition Financings and any other transaction for which Services are or have been provided to any member of the Company Group. 

2. Indemnification. 
 (a)
The Company (the “Indemnifying Party”) agrees to indemnify, defend and hold harmless each Indemnitee, to the fullest extent permitted by law, from and against any and all Obligations in any way resulting from, arising out of or in
connection with, based upon or relating to (i) the Securities Act, the Exchange Act or any other applicable securities or other laws, in connection with the Transactions, any other Offering, any other Financing, any Related Document or
any of the transactions contemplated thereby, (ii) any other action or failure to act of any member of the Company Group or any of their predecessors, whether such action or failure has occurred or is yet to occur, or
(iii) the performance or failure to perform by Manager or its Affiliates of Services for any member of the Company Group (whether prior to the date hereof or hereafter and whether pursuant to the Consulting Agreement or otherwise),
(iv) the fact that such Indemnitee is or was a stockholder, director or officer of any member of the Company Group or (v) any breach or alleged breach by such Indemnitee of any duty imposed on a stockholder, officer or director.

  
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 (b) Without in any way limiting the foregoing Section 2(a), the
Indemnifying Party agrees to indemnify, defend and hold harmless each Indemnitee from and against any and all Obligations resulting from, arising out of or in connection with, based upon or relating to liabilities under the Securities Act, the
Exchange Act or any other applicable securities or other laws, rules or regulations in connection with (i) the inaccuracy or breach of or default under any representation, warranty, covenant or agreement in any Related Document, or any
allegation thereof, (ii) any untrue statement or alleged untrue statement of a material fact contained in any Related Document or (iii) any omission or alleged omission to state in any Related Document a material fact
required to be stated therein or necessary to make the statements therein not misleading. Notwithstanding the foregoing, the Indemnifying Party shall not be obligated to indemnify such Indemnitee from and against any such Obligation to the extent
that such Obligation arises out of or is based upon an untrue statement or omission made in such Related Document in reliance upon and in conformity with written information furnished to the Company by such Indemnitee in an instrument duly executed
by such Indemnitee and specifically stating that it is for use in the preparation of such Related Document. 
 (c) Without in any way
limiting the foregoing, in the event that any Proceeding is initiated by an Indemnitee, any member of the Company Group or any other Person to enforce or interpret this Agreement or the Consulting Agreement, any rights of such Indemnitee to
indemnification or advancement of Expenses (or related obligations of such Indemnitee) under any member of the Company Group’s certificate of incorporation or bylaws or other similar organizational document, any other agreement to which
Indemnitee and any member of the Company Group are party, any vote of directors of any member of the Company Group, the Delaware General Corporation Law, any other applicable law or any liability insurance policy, or any rights or obligations under
the Consulting Agreement, the Indemnifying Party shall indemnify such Indemnitee against all costs and Expenses incurred by such Indemnitee or on such Indemnitee’s behalf (including but not limited to by any Manager Associates for all costs and
Expenses incurred by it on such Indemnitee’s behalf) in connection with such Proceeding, whether or not such Indemnitee is successful in such Proceeding, except to the extent that the Person presiding over such Proceeding determines that
material assertions made by such Indemnitee in such proceeding were in bad faith or were frivolous. 
 (d) Notwithstanding the foregoing,
indemnification shall not be available to the extent that it is finally determined by a court, in a final judgment from which no further appeal may be taken, that such Obligation arises out of, or is primarily based upon, the gross negligence or
willful misconduct of the Indemnitee. 
 (e) Notwithstanding anything in this Section 2 to the contrary, it is
understood and agreed that nothing in this Agreement is intended to provide for indemnification in respect of taxes imposed on the basis of income of an Indemnitee. 

  
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 3. Contribution. 

(a) If for any reason any Indemnifying Party is prohibited from fully indemnifying any Indemnitee from any of the Obligations covered by such
indemnity, then the Indemnifying Party shall contribute to the amount paid or payable by such Indemnitee as a result of such Obligation in such proportion as is appropriate to reflect (i) the relative fault of each member of the Company
Group, on the one hand, and such Indemnitee, on the other, in connection with the state of facts giving rise to such Obligation, (ii) if such Obligation results from, arises out of, is based upon or relates to the Transactions or any
Subsequent Offering, the relative benefits received by each member of the Company Group, on the one hand, and such Indemnitee, on the other, from the Transaction, Subsequent Offering, Financing or other circumstances giving rise to such Obligation
and (iii) if required by applicable law, any other relevant equitable considerations. 
 (b) If for any reason the indemnity
specifically provided for in Section 2(b) is unavailable or is insufficient to hold harmless any Indemnitee from any of the Obligations covered by such indemnity, then the Indemnifying Party shall contribute to the amount
paid or payable by such Indemnitee as a result of such Obligation in such proportion as is appropriate to reflect (i) the relative fault of each of the members of the Company Group, on the one hand, and such Indemnitee, on the other, in
connection with the information contained in or omitted from any Related Document, which inclusion or omission resulted in the actual or alleged inaccuracy or breach of or default under any representation, warranty, covenant or agreement therein, or
which information is or is alleged to be untrue, required to be stated therein or necessary to make the statements therein not misleading, (ii) the relative benefits received by the members of the Company Group, on the one hand, and such
Indemnitee, on the other, from the Transaction, Subsequent Offering, Financing or other circumstances giving rise to such Obligation and (iii) if required by applicable law, any other relevant equitable considerations. 

(c) For purposes of Section 3(a), the relative fault of each member of the Company Group, on the one hand, and of an
Indemnitee, on the other, shall be determined by reference to, among other things, their respective relative intent, knowledge, access to information and opportunity to correct the state of facts giving rise to such Obligation. For purposes of
Section 3(b), the relative fault of each member of the Company Group, on the one hand, and of an Indemnitee, on the other, shall be determined by reference to, among other things, (i) whether the included or
omitted information relates to information supplied by the members of the Company Group, on the one hand, or by such Indemnitee, on the other, (ii) their respective relative intent, knowledge, access to information and opportunity to
correct such inaccuracy, breach, default, untrue or alleged untrue statement, or omission or alleged omission, and (iii) applicable law. For purposes of Section 3(a) or 3(b), the relative benefits
received by each member of the Company Group, on the one hand, and an Indemnitee, on the other, shall be determined by weighing the direct monetary proceeds to the Company Group, on the one hand, and such Indemnitee, on the other, from the
Transaction, Subsequent Offering, Financing or other circumstances giving rise to such Obligation. 

  
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 (d) The parties hereto acknowledge and agree that it would not be just and equitable if
contributions pursuant to Section 3(a) or 3(b) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in such respective
Section. The Indemnifying Party shall not be liable under Section 3(a) or 3(b), as applicable, for contribution to the amount paid or payable by any Indemnitee except to the extent and under such circumstances the
Indemnifying Party would have been liable to indemnify, defend and hold harmless such Indemnitee under the corresponding Section 2(a) or 2(b), as applicable, if such indemnity were enforceable under applicable law.
No Indemnitee shall be entitled to contribution from any Indemnifying Party with respect to any Obligation covered by the indemnity specifically provided for in Section 2(b) in the event that such Indemnitee is finally
determined to be guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) in connection with such Obligation and the Indemnifying Party is not guilty of such fraudulent misrepresentation. 

4. Indemnification Procedures. 

(a) Whenever any Indemnitee shall have actual knowledge of the assertion of a Claim against it, Manager (acting on its own behalf or, if
requested by any such Indemnitee other than itself, on behalf of such Indemnitee) or such Indemnitee shall notify the appropriate member of the Company Group in writing of the Claim (a “Notice of Claim”) with reasonable promptness
after such Indemnitee has such knowledge relating to such Claim and has notified Manager thereof, provided the failure or delay of Manager or such Indemnitee to give such Notice of Claim shall not relieve any Indemnifying Party of its
indemnification obligations under this Agreement except to the extent that such omission results in a failure of actual notice to it and it is actually and materially injured as a result of the failure to give such Notice of Claim. The Notice of
Claim shall specify all material facts known to Manager (or if given by such Indemnitee, such Indemnitee) relating to such Claim and the monetary amount or an estimate of the monetary amount of the Obligation involved if Manager (or if given by such
Indemnitee, such Indemnitee) has knowledge of such amount or a reasonable basis for making such an estimate. The Indemnifying Party shall, at its expense, undertake the defense of such Claim with attorneys of its own choosing reasonably satisfactory
in all respects to Manager, subject to the right of Manager to undertake such defense as herein below provided. Manager may participate in such defense with counsel of Manager’s choosing at the expense of the Indemnifying Party. In the event
that the Indemnifying Party does not undertake the defense of the Claim within a reasonable time after Manager (or if given by such Indemnitee, such Indemnitee) has given the Notice of Claim, or in the event that Manager shall in good faith
determine that the defense of any Claim by the 

  
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Indemnifying Party is inadequate or may conflict with the interest of any Indemnitee (including, without limitation, Claims brought by or on behalf of any member of the Company Group), Manager
may, at the expense of the Indemnifying Party, undertake the defense of the Claim and compromise or settle the Claim, all for the account of and at the risk of the Indemnifying Party. In the defense of any Claim against an Indemnitee, the
Indemnifying Party shall not, except with the prior written consent of Manager, consent to entry of any judgment or enter into any settlement that includes any injunctive or other non-monetary relief or any
payment of money by such Indemnitee, or that does not include as an unconditional term thereof the giving by the Person or Persons asserting such Claim to such Indemnitee of an unconditional release from all liability on any of the matters that are
the subject of such Claim and an acknowledgement that such Indemnitee denies all wrongdoing in connection with such matters. The Indemnifying Party shall not be obligated to indemnify an Indemnitee against amounts paid in settlement of a Claim if
such settlement is effected by such Indemnitee without the prior consent of Guarantor Holdings (on behalf of all Indemnifying Party), which consent shall not be unreasonably withheld, conditioned or delayed. In each case, Manager and each other
Indemnitee seeking indemnification hereunder will reasonably cooperate with the Indemnifying Party, so long as an Indemnifying Party is conducting the defense of the Claim, in the preparation for and the prosecution of the defense of such Claim,
including making available evidence within the control of Manager or such Indemnitee, as the case may be, and persons needed as witnesses who are employed by Manager or such Indemnitee, as the case may be, in each case as reasonably needed for such
defense and at cost, which cost, to the extent reasonably incurred, shall be paid by the Indemnifying Party. 
 (b) Manager shall notify the
Indemnifying Party in writing of the amount requested for advances (a “Notice of Advances”). The Indemnifying Party agrees to advance all Expenses incurred by Manager (acting on its own behalf or, if requested by any such Indemnitee
other than itself, on behalf of such Indemnitee) or any Indemnitee in connection with any Claim (but not for any Claim initiated or brought voluntarily by an Indemnitee other than a Proceeding contemplated by Section 2(c))
in advance of the final disposition of such Claim without regard to whether Indemnitee will ultimately be entitled to be indemnified for such Expenses upon receipt of an undertaking by or on behalf of Manager or such Indemnitee to repay amounts so
advanced if it shall ultimately and finally be determined, including through all challenges and appeals, if any, to the award rendered therein, that Manager or such Indemnitee is not entitled to be indemnified by any Indemnifying Party as authorized
by this Agreement. Such repayment undertaking shall be unsecured and shall not bear interest. The Indemnifying Party shall not impose on any Indemnitee additional conditions to advancement or require from such Indemnitee additional undertakings
regarding repayment. The Indemnifying Party shall make payment of such advances no later than 10 days after the receipt of the Notice of Advances. 

  
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 (c) Manager shall notify the Indemnifying Party in writing of the amount of any Obligation
actually paid by Manager or any Indemnitee on whose behalf Manager is acting (a “Notice of Payment”). The amount of any Obligation actually paid by Manager or such Indemnitee shall bear simple interest at the rate equal to the Prime
Rate as of the date of such payment plus 2% per annum, from the date any Indemnifying Party receives the Notice of Payment up to and including the date on which any Indemnifying Party shall repay the amount of such Obligation plus interest thereon
to Manager or such Indemnitee. The Indemnifying Party shall make indemnification payments to Manager no later than 30 days after receipt of the Notice of Payment. 

(d) Presumptions; Burden and Standard of Proof. In connection with any determination regarding the entitlement of any Indemnitee to be
indemnified, or any review of any such determination, by any Person: 
 (i) It shall be a presumption that such Indemnitee
has met any applicable standard of conduct and that indemnification of such Indemnitee is proper in the circumstances. 

(ii) The burden of proof shall be on the Indemnifying Party to overcome the presumption set forth in the preceding clause (i),
and such presumption shall only be overcome if the Indemnifying Party establishes that there is no reasonable basis to support it. 

(iii) The termination of any Proceeding by judgment, order, finding, award, settlement (whether with or without court approval)
or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that indemnification is not proper or that an Indemnitee did not meet any applicable standard of conduct or that a court has
determined that indemnification is not permitted by this Agreement or otherwise. 
 5. Certain Covenants. The rights of each
Indemnitee to be indemnified under any other agreement, document, certificate or instrument, by-laws or other organizational agreement or instrument, insurance policy or applicable law are independent of and
in addition to any rights of such Indemnitee to be indemnified under this Agreement, provided that to the extent that an Indemnitee is entitled to be indemnified by the Indemnifying Party under this Agreement and by any other Indemnitee under
any other agreement, document, certificate, by-law or other organizational agreement or instrument, or by any insurer under a policy maintained by any other Indemnitee, the obligations of the Indemnifying
Party hereunder shall be primary, and the obligations of such other Indemnitee or insurer secondary, and the Indemnifying Party shall not be entitled to contribution or indemnification from or subrogation against such other Indemnitee or insurer.
Notwithstanding the foregoing, any Indemnitee may choose to seek indemnification from any potential source of indemnification regardless of whether 

  
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such indemnitor is primary or secondary. An Indemnitee’s election to seek advancement of indemnified sums from any secondary indemnifying party will not limit the right of such Indemnitee,
or any secondary indemnitor proceeding under subrogation rights or otherwise, from seeking indemnification from the Indemnifying Party to the extent that the obligations of the Indemnifying Party are primary, and the Indemnifying Party agrees to
indemnify each Indemnitee from and against, and to pay to each Indemnitee, any amount paid or reimbursed by such Indemnitee to or on behalf of another indemnitee, pursuant to indemnification arrangements or otherwise, in respect of an Obligation
referred to in Section 2. The rights of each Indemnitee and the obligations of the Indemnifying Party hereunder shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnitee.
Following the Acquisition, the Company, and each of its corporate successors, shall implement and maintain in full force and effect any and all corporate charter and by-law (or similar organizational document
or instrument) provisions that may be necessary or appropriate to enable it to carry out its obligations hereunder to the fullest extent permitted by applicable law, including without limitation a provision of its certificate of incorporation (or
comparable organizational document under its jurisdiction of incorporation) eliminating liability of a director for breach of fiduciary duty to the fullest extent permitted by applicable law, as amended from time to time. So long as the Company or
any other member of the Company Group maintains liability insurance for any directors, officers, employees or agents of any such person, the Indemnifying Party shall ensure that each Indemnitee serving or that has served in such capacity is covered
by such insurance at the Indemnifying Party’s expense in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s and the Company Group’s then current directors
and officers. The Indemnifying Party shall not seek or agree to any order of any court or other governmental authority that would prohibit or otherwise interfere, and shall not take or fail to take any other action if such action or failure would
reasonably be expected to have the effect of prohibiting or otherwise interfering, with the performance of any of the Indemnifying Party’s indemnification, advancement or other obligations under this Agreement. 

6. Taxes. If any amount payable hereunder to an Indemnitee is subject to any value-added, withholding or other taxes (other than any
income tax imposed by the United States of America or any political subdivision or taxing authority therein), such amount payable shall be increased, to the maximum extent permitted by applicable law, by such additional amount as may be necessary so
that after payment and withholding of all such taxes (including all payments and withholdings in respect of such additional amount) such Indemnitee receives an amount equal to the amount it would have received if no such taxes had been required to
be paid or deducted. 
 7. Notices. All notices, requests, demands, waivers and other communications required or permitted to be
given under this Agreement shall be in writing and shall be given by any of the following methods: (a) personal delivery; 

  
 13 

 (b) registered or certified mail, postage prepaid, return receipt requested;
(c) overnight mail; or (d) facsimile or email transmission. Notices shall be sent to the appropriate Party at its address given below (or at such other address for such Party as shall be specified by notice given hereunder):

 (a) If to the Company, to: 

HD Supply Waterworks, Ltd. 

1830 Craig Park Ct 

St. Louis, MO 63146 

Attention: Mark Witkowski 

Email: X 

with a copy to (which shall not constitute notice): 

Clayton, Dubilier & Rice, LLC 

375 Park Avenue, 18th Floor 

New York, New York 10152 

Attention: Theresa A. Gore 

Facsimile: (XXX) XXX-XXXX 

Email: X 
 (b) If
to Manager, the AIVs or CD&R Investors to: 
 Clayton, Dubilier & Rice, LLC 

375 Park Avenue, 18th Floor 

New York, New York 10152 

Attention: Theresa A. Gore 

Facsimile: (XXX) XXX-XXXX 

Email: X 

  
 14 

 All such notices, requests, demands, waivers and communications shall be deemed received upon
(i) actual receipt thereof by the addressee, (ii) actual delivery thereof to the appropriate address, or (iii) refusal of the addressee to accept delivery thereof. A copy of any notice or other communication given under this Agreement
shall also be given to: 
 Debevoise & Plimpton LLP 

919 Third Avenue New York, 

New York 10022 

Attention: Kevin A. Rinker; Uri Herzberg 

Facsimile: (212) 909-6836 

Email: karinker@debevoise.com; 

uherzberg@debevoise.com 

8. Arbitration 
 (a) Any
dispute, claim or controversy arising out of, relating to, or in connection with this contract, or the breach, termination, enforcement, interpretation or validity thereof, including the determination of the scope or applicability of this agreement
to arbitrate, shall be finally determined by arbitration. The arbitration shall be administered by JAMS. If the disputed claim or counterclaim exceeds $250,000, not including interest or attorneys’ fees, the JAMS Comprehensive Arbitration Rules
and Procedures (“JAMS Comprehensive Rules”) in effect at the time of the arbitration shall govern the arbitration, except as they may be modified herein or by mutual written agreement of the parties. If no disputed claim or
counterclaim exceeds $250,000, not including interest or attorneys’ fees, the JAMS Streamlined Arbitration Rules and Procedures (“JAMS Streamlined Rules”) in effect at the time of the arbitration shall govern the arbitration,
except as they may be modified herein or by mutual written agreement of the parties. 
 (b) The seat of the arbitration shall be New York,
New York. The parties submit to jurisdiction in the state and federal courts of the State of New York for the limited purpose of enforcing this agreement to arbitrate. 

(c) The arbitration shall be conducted by one neutral arbitrator unless the parties agree otherwise. The parties agree to seek to reach
agreement on the identity of the arbitrator within 30 days after the initiation of arbitration. If the parties are unable to reach agreement on the identity of the arbitrator within such time, then the appointment of the arbitrator shall be made in
accordance with the process set forth in JAMS Comprehensive Rule 15. 
 (d) The arbitration award shall be in writing, state the reasons for
the award, and be final and binding on the parties. Subject to Section 2(c), the arbitrator may, in the award, allocate all or part of the fees incurred in and costs of the arbitration, including the fees of the arbitrator
and the attorneys’ fees of the prevailing party. Judgment on the award may be entered by any court having jurisdiction thereof or having jurisdiction over the relevant party or its assets. Notwithstanding applicable state law, the arbitration
and this agreement to arbitrate shall be governed by the Federal Arbitration Act, 9 U.S.C. § 1, et seq. 

  
 15 

 (e) The parties agree that the arbitration shall be kept confidential and that the existence
of the proceeding and any element of it (including but not limited to any pleadings, briefs or other documents submitted or exchanged, any testimony or other oral submissions, and any awards) shall not be disclosed beyond the tribunal, JAMS, the
parties, their counsel, accountants and auditors, insurers and re-insurers, and any person necessary to the conduct of the proceeding. The confidentiality obligations shall not apply (i) if
disclosure is required by law, or in judicial or administrative proceedings, or (ii) as far as disclosure is necessary to enforce the rights arising out of the award. 

9. Governing Law. This Agreement shall be governed in all respects, including validity, interpretation and effect, by the law of the
State of New York, regardless of the law that might be applied under principles of conflict of laws to the extent such principles would require or permit the application of the laws of another jurisdiction. 

10. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby. 
 11. Successors;
Binding Effect. The Indemnifying Party will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business and assets of the Indemnifying Party, by
agreement in form and substance satisfactory to Manager, expressly to assume and agree to perform this Agreement in the same manner and to the same extent as the Indemnifying Party (which shall not be released from its obligations). This Agreement
shall be binding upon and inure to the benefit of each party hereto and its successors and permitted assigns, and each other Indemnitee, but neither this Agreement nor any right, interest or obligation hereunder shall be assigned, whether by
operation of law or otherwise, by the Company without the prior written consent of Manager. Insofar as any Indemnitee transfers all or substantially all of its assets to a third party, such third party shall thereupon be deemed an additional
Indemnitee for all purposes of this Agreement, with the same effect as if it were a signatory to this Agreement in such capacity. 
 12.
Miscellaneous. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. This Agreement is not intended to confer any right or remedy hereunder
upon any Person other than each of the parties hereto and their respective successors and permitted assigns and each other Indemnitee (each of whom is an intended third party beneficiary of this Agreement). Neither the waiver by any of the parties
hereto or by any other Indemnitee of a breach of or a default under any of the provisions of this Agreement, nor the failure by any such party or Indemnitee, on one or more occasions, to enforce any of the provisions of this Agreement or to exercise
any right or privilege hereunder, shall be construed as a waiver of any other breach or default of a similar 

  
 16 

 
nature, or as a waiver of any of such provisions, rights or privileges. No amendment, modification, supplement or discharge of this Agreement, and no waiver hereunder, shall be valid and binding
unless set forth in writing and duly executed by Guarantor Holdings (acting on behalf of the Company) and the Manager (acting on its own behalf and on behalf of each other Indemnitee). This Agreement may be executed in several counterparts,
including by email or facsimile transmission, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. 

[The remainder of this page has been left blank intentionally.] 

  
 17 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement by their authorized
representatives as of the date first above written. 

			
	CLAYTON, DUBILIER & RICE, LLC
		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer and Assistant Secretary
	
	CD&R ASSOCIATES X WATERWORKS, L.P.
	
	 By: CD&R Investment Associates X, Ltd.,

       its general partner

		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer and Assistant Secretary
	
	CD&R WATERWORKS HOLDINGS GP, LTD.
		
	By:	 	/s/ Kevin J. Conway
		 	Name: Kevin J. Conway
		 	Title: Director
		
	By:	 	/s/ Donald J. Gogel
		 	Name: Donald J. Gogel
		 	Title: Director
	
	CD&R WW HOLDINGS, LLC
		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President and Secretary

  
 [Signature Page to
CD&R Funds Indemnification Agreement] 

 
			
	CD&R WW, LLC
		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President and Secretary
	
	CD&R WATERWORKS HOLDINGS, L.P.
	
	 By: CD&R Waterworks Holdings GP, Ltd.,

       its general partner

		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer and Assistant Secretary
	
	CD&R WW HOLDINGS, L.P.
	
	 By: CD&R Waterworks Holdings GP, Ltd.,

       its general partner

		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer and Assistant Secretary
	
	CD&R PLUMB BUYER, LLC
		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President and Secretary

  
 [Signature Page to
CD&R Funds Indemnification Agreement] 

 
			
	HD SUPPLY WATERWORKS GROUP, LLC
		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President and Secretary
	
	HD SUPPLY WATERWORKS, LTD.
	
	By: CD&R Plumb Buyer, LLC, a general partner
		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President and Secretary
	
	By: HD Supply Waterworks Group, LLC, a general partner
		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President and Secretary

 
			
	
	CD&R FUND X ADVISOR WATERWORKS A, L.P.
	
	 By: CD&R Waterworks Holdings GP, Ltd.,

       its general partner

		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer and Assistant Secretary

  
 [Signature Page to
CD&R Funds Indemnification Agreement] 

 
			
	CD&R FUND X WATERWORKS B, L.P.
	
	 By: CD&R Waterworks Holdings GP, Ltd.,

       its general partner

		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer and Assistant Secretary
	
	CD&R FUND X-A WATERWORKS A, L.P.
	
	 By: CD&R Waterworks Holdings GP, Ltd.,

       its general partner

		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer and Assistant Secretary
	
	CD&R FUND X ADVISOR WATERWORKS B, L.P.
	
	 By: CD&R Waterworks Holdings GP, Ltd.,

       its general partner

		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer and Assistant Secretary

  
 [Signature Page to
CD&R Funds Indemnification Agreement] 

 
			
	CD&R FUND X WATERWORKS B1, L.P.
	
	 By: CD&R Waterworks Holdings GP, Ltd.,

       its general partner

		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer and Assistant Secretary
	
	CD&R FUND X-A WATERWORKS B, L.P.
	
	 By: CD&R Waterworks Holdings GP, Ltd.,

       its general partner

		
	By:	 	/s/ Theresa A. Gore
		 	Name: Theresa A. Gore
		 	Title: Vice President, Treasurer and Assistant Secretary

  
 [Signature Page to
CD&R Funds Indemnification Agreement]EX-10.10

 Exhibit 10.10 

Employment Agreement 
 This Employment
Agreement (this “Agreement”) is made effective as of March 9, 2018 (the “Effective Date”), by and between Core & Main LP (“C&M” or “Company”), of 1830 Craig Park Court, Maryland Heights,
Missouri, 63146 and Steve LeClair. 
 WHEREAS, C&M is engaged in the business of the distribution of water, sewer, storm, fusible piping
and fire protection infrastructure products; 
 WHEREAS, Employee will primarily perform the job duties of Chief Executive Officer at the
following location: 1830 Craig Park Court, Maryland Heights, Missouri; 
 WHEREAS, C&M desires to engage the services of Employee
subject to the terms and conditions of this Agreement; and 
 WHEREAS, Employee is willing to be employed by C&M subject to the terms
and conditions of this Agreement. 
 NOW, THEREFORE, for good and valid consideration, the receipt and sufficiency are hereby acknowledged, the parties
agree as follows: 
 1. EMPLOYMENT. Effective as of the Effective Date, C&M shall employ Employee as Chief Executive Officer. Employee
shall provide to C&M the services customary and reasonable to the position of CEO. Employee accepts and agrees to such employment, and agrees to be subject to the general supervision, advice and direction of C&M’s Board of Directors.

 2. BEST EFFORTS OF EMPLOYEE. Effective as of the Effective Date, Employee agrees to perform to the best of Employee’s ability,
experience, and talents, all of the duties that may be required by the express and implicit terms of this Agreement. Employee shall devote Employee’s full business time to the rendition of such Services, subject to absences for customary
vacations and for illness, or other job-protected absences and holidays observed by the Company. In addition, Employee will not engage in any other gainful employment which requires Employee’s personal
attention if such employment creates a conflict of interest with job responsibilities under this Agreement without the prior approval of the Board, with the exception that Employee may personally trade in stock, bonds, securities, commodities or
real estate investments for Employee’s own benefit, so long as such activities do not interfere with employees duties to C&M. 

 3. COMPENSATION AND BENEFITS OF EMPLOYEE. 

 

	 	a.	 Base Compensation. As compensation for the services provided by Employee under this Agreement, during
Employee’s employment with C&M, C&M will pay Employee a minimum annual base salary of $600,000 less authorized deductions, payable in equal bi-weekly installments in accordance with the Company’s normal payroll practices.
Employee’s base salary shall be periodically reviewed during the period that the Company conducts reviews for employees at a level comparable to Employee, and Employee’s base salary shall be subject to increase at the sole discretion of
the Company based on Employee’s level of performance and the overall performance of the Company. Employee’s base salary shall be payable in accordance with the Company’s normal payroll practices and procedures. Upon termination of
Employee’s employment, payments under this paragraph shall cease; provided, however, that Employee shall be entitled to payments for periods or partial periods that occurred prior to the date of termination and for which Employee has not yet
been paid, and for any bonus earned in accordance with C&M’s customary procedures, if applicable. Accrued vacation will be paid at the next scheduled pay period after termination of this Agreement in accordance with C&M policy. This
section of the Agreement is included only for accounting and payroll purposes and should not be construed as establishing a minimum or definite term of employment. 

 

	 	b.	 Incentive and Deferred Compensation. During Employee’s employment with C&M, Employee shall be
eligible to participate in all incentive and deferred compensation programs available to other executives or officers of C&M, such participation to be in the same form, under the same terms, and to the same extent that such programs are made
available to other such executives or officers. Employee shall be eligible for a target annual bonus opportunity equal to 100% of Employee’s base salary (the “Annual Bonus”). The actual payout of the Annual Bonus will be based on the
satisfaction of performance metrics established by the Board. 

  

	 	c.	 Employee Benefits. During Employee’s employment with C&M, Employee shall be eligible to
participate in all employee benefit plans, policies, programs, or perquisites in which other Company executive or officers participate. The terms and conditions of Employee’s participation in C&M’s employee benefit plans, policies,
programs, or perquisites shall be governed by the terms of each such plan, policy, or program. In addition to the previously-identified benefits, Employee shall be entitled to 4 weeks of paid vacation to be taken in accordance with C&M policies
in effect from time to time. 

 4. EXPENSE REIMBURSEMENT. During Employee’s employment with C&M, C&M will
reimburse Employee for “out-of-pocket” expenses incurred by Employee in accordance with C&M’s policies in effect from time to time. 

5. INTELLECTUAL PROPERTY RIGHTS. All information, ideas, concepts, improvements, discoveries, and inventions, whether patentable or not, which
are conceived, made, developed or acquired by Employee, individually or in conjunction with others, during Employee’s employment by C&M (whether during business hours or otherwise and whether on C&M’s premises or otherwise) which
relate to C&M’s business, products or services (including, without limitation, all such information relating to corporate opportunities, research, financial and sales data, pricing and trading terms, evaluations, opinions, interpretations,
acquisition prospects, the identity of customers or their requirements, the identity of key contacts within the customer’s organizations or within the organization of acquisition prospects, or marketing and merchandising techniques, prospective
names, and marks), and all writings or materials of any type embodying any of such items, shall be disclosed to C&M and are and shall be the sole and exclusive property of C&M. 

  
 2 

 6. TERM/TERMINATION. 
  

	 	a.	 Notice. Employee’s employment under this Agreement shall be for an unspecified term on an “at
will” basis. Employee’s employment may be terminated by C&M or by Employee upon 30 days’ written notice to the other. 

  

	 	b.	 Severance. Subject to Section 6(e), if C&M terminates Employee’s employment `other than
for Cause (as defined below), Employee shall continue to receive, as severance pay, two times the sum of Employee’s base salary and target annual bonus opportunity (the “Severance Pay”), to be paid over the twenty-four months
following the date of termination (the “Severance Period”) in substantially equal payments. In addition, subject to Section 6(e), subject to Employee enrolling in COBRA continuation coverage, C&M shall, over the twelve months
following the date of termination, pay Employee an amount equal to the monthly cost of Employee purchasing COBRA coverage for Employee and Employee’s covered dependents (the “Benefit Continuation”), except that the Benefit
Continuation shall cease in the event that Employee becomes eligible for coverage from a subsequent employer. As used in this Agreement, “Cause” means (i) Employee’s commission of a crime involving fraud, theft, false statements
or other similar acts or commission of any crime that is a felony (or a comparable classification in a jurisdiction that does not use these terms); (ii) Employee’s willful or grossly negligent failure to perform Employee’s
employment-related duties for the Company; or (iii) Employee’s material breach of this Agreement or any noncompetition, nondisclosure or nonsolicitation provision to which Employee is a party or by which Employee is bound. The Company may
terminate Employee’s employment at any time without notice for Cause; provided, that, in the case of clause (ii) and (iii) of the definition of Cause, if such event is determined by the Board to be reasonably susceptible to cure, the
Company shall provide Employee with not less than thirty (30) days to cure such event. If the Company terminates the Employee’s employment for Cause, the Company shall pay the Employee only the portion of the Employee’s then current
salary and any other wages accrued but unpaid as of the termination date, which shall be payable upon termination as required by applicable law. 

  

	 	c.	 Change in employment. In the event that (A) C&M (i) assigns Employee any duty materially
inconsistent with Employee’s position, (ii) reduces Employee’s base annual salary, (iii) materially breaches this Agreement, or (iv) relocates Employee’s primary work location by more than 50 miles, in each case without
the consent of Employee, (B) Employee provides at least ten (10) business days’ written notice to the Company of such event, (C) the Company fails to reasonably cure such event within thirty (30) days following its receipt
of such written notice and (D) Employee resigns from C&M within ten (10) business days following the end of such thirty (30) day period, then Employee shall have all the same rights and remedies under this Agreement as if C&M
had terminated Employee’s employment without Cause. 

  
 3 

	 	d.	 Outplacement Services. Upon termination of Employee’s employment without Cause and subject to
Section 6(e), the Company shall provide with customary outplacement services (the “Outplacement Services”), except that the maximum cost to C&M of providing such outplacement services shall not exceed $10,000.

  

	 	e.	 Mutual Release. Employee shall not be entitled to the Severance Pay, Benefit Continuation or
Outplacement Benefits unless Employee executes and delivers to C&M, within thirty (30) days following the date of termination, a fully effective release in form and substance mutually acceptable to C&M, by which Employee and C&M
mutually release each other from any obligations and liabilities of any type whatsoever under this Agreement, except that (A) Employee shall not release C&M’s obligations with respect to the Termination Compensation and Employee’s
rights with respect to any equity compensation held by Employee, and (B) C&M shall not release any act by Employee that constitutes a crime or other willful misconduct. In addition, the release of claims shall not affect Employee’s
right to indemnification, if any, for actions taken within the scope of Employee’s employment. The first installment of the Severance Pay shall be paid on the first payroll period occurring on or after the date that is forty-five (45) days
following the date of termination and shall include any installment of severance pay that would have been paid if the release of claims had been effective on the date of termination. 

7. COMPLIANCE WITH EMPLOYER’S RULES. During Employee’s employment with C&M, Employee agrees to comply with all of the policies,
rules and regulations of C&M. 
 8. RETURN OF PROPERTY. Upon termination of Employee’s employment, Employee shall deliver to C&M
all property which is C&M’s property or related to C&M’s business (including keys, records, notes, data, memoranda, models, and equipment) that is in Employee’s possession or under Employee’s control. 

9. NOTICES. All notices required or permitted under this Agreement shall be in writing and shall be deemed delivered when delivered in person or
on the third day after being deposited in the United States mail, postage paid, addressed as follows: 
 If to C&M, to: 

Core & Main LP 
 Steve
LeClair 
 CEO 
 1830 Craig Park
Court 
 Maryland Heights, Missouri 63146 

  
 4 

 With a copy (which shall not constitute notice) to: 

Debevoise & Plimpton LLP 

919 Third Avenue 
 New York, New
York 10022 
 Attention: Jonathan F. Lewis 

Email: jflewis@debevoise.com
 If
to Employee, to the most recent address in C&M’s records, which Employee shall update from time to time. The parties’ addresses shall be changed from time to time by either party by providing written notice in the manner set forth
above. 
 10. BINDING AGREEMENT. This Agreement shall be binding upon and inure to the benefit of the parties hereto, their heirs, personal
representatives, successors and assigns. In the event C&M is acquired, is a non-surviving party in a merger, or transfers substantially all of its assets, this Agreement shall not be terminated and the
transferee or surviving company shall be bound by the provisions of this Agreement. The parties understand that the obligations of Employee are personal and may not be assigned by Employee. 

11. ENTIRE AGREEMENT. This Agreement contains the entire agreement of the parties and there are no other promises or conditions in any other
agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties. 
 12. AMENDMENT. This
Agreement may be modified or amended, if the amendment is made in writing and is signed by both parties. 
 13. SEVERABILITY. If any
provisions of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but
that by limiting such provision it would become valid or enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited. 

14. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or
limitation of that party’s right to subsequently enforce and compel strict compliance with every provision of this Agreement. 
 15.
APPLICABLE LAW; WAIVER OF JURY TRIAL. This Agreement shall be governed by the laws of the State of Missouri. THE COMPANY AND EMPLOYEE ACKNOWLEDGE AND AGREE THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT THE COMPANY OR EMPLOYEE MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS
AGREEMENT. 
 16. APPLICABILITY OF SECTION 409A OF THE CODE. It is intended that this Agreement comply with section 409A of
the Internal Revenue Code of 1986, as amended, and the Treasury Regulations and IRS guidance thereunder (collectively referred to as “Section 409A”). Notwithstanding anything to the contrary, this Agreement shall,
to the 

  
 5 

 
maximum extent possible, be administered, interpreted and construed in a manner consistent with Section 409A. To the extent that any reimbursement, fringe benefit or other, similar plan or
arrangement in which Employee participates while employed by C&M or thereafter provides for a “deferral of compensation” within the meaning of Section 409A, (i) the amount of expenses eligible for reimbursement provided to
Employee during any calendar year will not affect the amount of expenses eligible for reimbursement or in-kind benefits provided to Employee in any other calendar year (except that a plan providing medical or
health benefits may impose a generally applicable limit on the amount that may be reimbursed or paid); (ii) the reimbursements for expenses for which Employee is entitled to be reimbursed shall be made on or before the last day of the calendar year
following the calendar year in which the applicable expense is incurred; (iii) the right to payment or reimbursement or in-kind benefits hereunder may not be liquidated or exchanged for any other benefit;
and (iv) the reimbursements shall be made pursuant to objectively determinable and nondiscretionary C&M policies and procedures regarding such reimbursement of expenses. If and to the extent required to comply with Section 409A, no
payment or benefit required to be paid under this Agreement on account of termination of Employee’s employment shall be made unless and until Employee incurs a “separation from service” within the meaning of Section 409A. If any
paragraph of this Agreement provides for payment within a time period, the determination of when such payment shall be made shall be solely in the discretion of C&M. The installments of the Severance Pay shall be treated as rights to receive a
series of separate payments to the fullest extent allowed by Section 409A. 
 17. COUNTERPARTS; DELIVERY. This Agreement may be executed in
separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. This Agreement may be executed electronically and delivered by .pdf file or other electronic means, and such
execution and delivery shall have the same effect as the manual execution of an original copy. 
 [Signature page follows] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first written above. 

C&M: 
  

									
	Core & Main LP	 		 	
					
	By:	 	/s/ Jim Berges	 		 	Date:	 	March 8, 2018
		 	Name: Jim Berges	 		 		 	
		 	Title: Board Chairman	 		 		 	

  

									
	AGREED TO AND ACCEPTED	 		 	
			
	EMPLOYEE:	 		 	
					
	By:	 	/s/ Steve LeClair	 		 	Date:	 	March 8, 2018
		 	Name: Steve LeClair	 		 		 	
		 	Title: Chief Executive Officer	 		 		 	

  
 7

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