Document:

EX-10.4

 Exhibit 10.4 

UNITED COMMUNITY FINANCIAL CORP. 

2007 LONG TERM INCENTIVE PLAN 

2014 ANNUAL INCENTIVE AWARD GRANT AGREEMENT 

This 2014 Annual Incentive Award Grant Agreement (this “Agreement”) is made and entered into as of
                    , 2014, (the “Grant Date”) by and between United Community Financial Corp., (the “Company”) and
                 (the “Grantee”). 

WHEREAS, the Company has adopted the United Community Financial Corp. 2007 Long Term Incentive Plan (the “Plan”) pursuant to
which cash and Restricted Shares may be granted; and 
 WHEREAS, the Plan provides for Annual Bonus Awards; 

WHEREAS, the Committee has determined that it is in the best interests of the Company and its shareholders to grant the Annual Bonus
Award provided for herein. 
 NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows: 

1. Grant of Target Award and Form of Payout. The Company hereby grants to the Grantee a target award of
$         (the “Target Award”). Following the end of the calendar year, the Compensation Committee will certify performance results relative to goals and determine the earned Target Award. Eighty
percent (80%) of the earned Target Award will be paid in cash (the “Cash Payment”) as soon as practicable, but not later than March 15, 2015, and the remaining twenty percent (20%) will be paid in Common Shares of the
Company (the “Restricted Shares”), as soon as practicable, but not later than March 15, 2015, on the terms and conditions and subject to the restrictions set forth in this Agreement and the Plan. The number of Restricted Shares earned
will be determined by the closing Fair Market Value of the Common Shares on March 5, 2015. Capitalized terms that are used but not defined herein have the meanings ascribed to such terms in the Plan. 

The “Performance Period” shall be the period commencing on January 1, 2014, and ending on December 31, 2014. 

2. Performance Goals. 
 The amount of the
Target Award earned by the Grantee for the Performance Period will be determined at the end of the Performance Period based on the level of achievement of the Performance Goals listed below and the amount of the Grantee’s average base salary
for the Performance Period. All determinations of whether Performance Goals have been achieved, the amount of the Target Award earned by the Grantee, the adjustments attributed to changes in average base salary, and all other matters related to this
Section 2 shall be made by the Committee in its sole discretion. 

 Promptly following completion of the Performance Period (and no later than sixty days following
the end of the Performance Period), the Committee will review and certify in writing (a) whether, and to what extent, the Performance Goals for the Performance Period have been achieved, and (b) the amount of the Target Award that the
Grantee shall earn, if any, subject to compliance with the requirements of Section 3. Such certification shall be final, conclusive and binding on the Grantee, and on all other persons, to the maximum extent permitted by law. 

Peer Group: 
 The Peer
Group includes the following eighteen (18) organizations: 
  

			
	Bank Financial Corp (BFIN)		Horizon Bancorp. (HBNC)
	ESB Financial Corporation (ESBF)		Lakeland Financial Corporation (LKFN)
	Farmers National Banc Corp (FMNB)		LCNB Bancorp Inc. (LCNB)
	Farmers & Merchants Bancorp (FMAO)		LNB Bancorp Inc. (LNBB)
	First Busey (BUSE)		MainSource Financial Group, Inc. (MSFG)
	First Defiance Financial Corp. (FDEF)		Mutualfirst Financial Inc. (MFSF)
	First Financial Corporation (THFF)		Peoples Bancorp Inc. (PEBO)
	First Mid-Illinois Bancshares (FMBH)		QCR Holdings, Inc. (QCRH)
	German American Bancorp Inc. (GABC)		TriState Capital Holdings Inc. (TSC)

 The Committee maintains discretion to amend, modify and replace one or more members of the Peer Group when events warrant,
such as in the event that a peer group member ceases to be a reporting company or is acquired and in other similar circumstances. 
 Net
Income Requirement: 
 The Target Award shall be forfeited and no amount of such Award shall be paid if the Company does not report
positive net income for the 2014 fiscal year, calculated in accordance with GAAP, but adjusted to exclude the effect of extraordinary items. If this requirement is met, the Target Award will be calculated as described below. 

Performance Measures, Weightings, Goals, and Payout Calibration: 

The Compensation Committee has identified six financial performance measures that are aligned with the Company’s goals. Each of the six
performance measures has a weighting ranging from 10% to 30%, as set forth in the table below. The Company’s results on four of the six measures will be evaluated relative to the Peer Group, as set forth in the table below. The other measures
(Net Income and Net Loan Growth) will be evaluated relative to the Board-approved annual budget. 

  
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 Performance-Payout Table: 
  

													
	 	  	 	 	 	Evaluated	  	Performance Goals
	 Performance Measure
	  	Weight	 	 	Vs.	  	Threshold	  	Target	  	Superior
	 Core ROAA
	  	 	30	% 	 	Peers	  	25th %ile	  	50th %ile	  	75th %ile
	 Net Income ($MM)
	  	 	30	% 	 	Budget	  	75% of
Budget	  	100% of
Budget	  	125% of
Budget
	 Net Loan Growth ($MM)
	  	 	10	% 	 	Budget	  	75% of
Budget	  	100% of
Budget	  	125% of
Budget
	 Core Deposit Growth
	  	 	10	% 	 	Peers	  	25th %ile	  	50th %ile	  	75th %ile
	 Efficiency Ratio
	  	 	10	% 	 	Peers	  	25th %ile	  	50th %ile	  	75th %ile
	 Non-Performing Assets
	  	 	10	% 	 	Peers	  	25th %ile	  	50th %ile	  	75th %ile
		  				 		  	  
	  	  
	  	  

	 Payout for Performance Level (% of Target Opportunity)1:
								0%		100%		200%
		  				 		  	  
	  	  
	  	  

  

	1 	Note that payouts will be interpolated for performance between discrete points. For example, performance at the 65th percentile of the Peer Group will result in a
payout of 160% of target; performance at the 30th percentile of peers will result in a payout of 20% of target. 

Definitions: 
  

	 	•	 	%ile: Percentile Rank within defined Peer Group 

  

	 	•	 	“Core” ROAA: GAAP performance excluding extraordinary items 

  

	 	•	 	Net Income: GAAP Net Income excluding extraordinary items 

  

	 	•	 	Net Loan Growth: Net loan growth projected in the budget compared to actual net loan growth from January 1 – December 31 

 

	 	•	 	Core Deposit Growth: Total Deposits less time deposits 

  

	 	•	 	Efficiency Ratio: Operating Expense divided by Operating Revenue 

  

	 	•	 	Non-Performing Assets: Total NPAs divided by Average Total Assets 

 The Committee maintains
flexibility and discretion to adjust measure definitions, if such adjustments ensure a more accurate comparison relative to the Peer Group and most appropriately reflect the goals of the Plan and the Company’s compensation philosophy. 

3. Vesting 
 3.1 Vesting of Restricted
Shares. The Restricted Shares earned shall be subject to risk of forfeiture depending on Continuous Service until they vest. In order to be earned the Grantee must be a Company Employee on February 24, 2015, the date the Compensation
Committee certified performance for the Performance Period. Except as otherwise provided herein, the Restricted Shares shall vest and no longer be subject to risk of forfeiture over a three year period beginning in 2014 and ending on
February 24, 2017. Provided that the Grantee’s period of Continuous Service has not ended before the respective February 24th anniversary dates in 2015, 2016 and 2017, the
Restricted Shares will vest in equal one-third (1/3) increments each year (each an “anniversary date”). The period over which the Restricted Shares vest is referred to as the “Restricted Period.” “Continuous
Service” means that the Grantee’s service with the Company as an Employee is not terminated. 

  
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 3.2 Vesting of the Cash Payment. The portion of the Target Award which constitutes the
Cash Payment shall be vested on February 24, 2015, the date the Compensation Committee certified performance for the Performance Period. 
 4.
Termination of Continuous Service. 
 4.1 Except as otherwise expressly provided in this Agreement, if the Grantee’s Continuous
Service terminates for any reason at any time before any part of the Target Award has vested, the Grantee’s unvested Target Award shall be automatically forfeited upon such termination of Continuous Service and neither the Company nor any
Affiliate shall have any further obligations to the Grantee under this Agreement. 
 4.2 Notwithstanding Section 4.1, if the
Grantee’s Continuous Service terminates before the Target Award has vested as a result of the Grantee’s death, Disability or Retirement, the Target Award shall vest in accordance with Section 3 as if the Grantee’s Continuous
Service had not terminated. Notwithstanding Section 4.1, if the Grantee’s Continuous Service terminates before the Target Award has vested as a result of termination by the Company without Cause, or termination by the Grantee for Good
Reason, a pro rata portion of the unvested Target Award shall vest in proportion to the number of months, including any partial month, elapsed in the Restricted Period divided by 3. 

“Good Reason” means the definition of “Good Reason” set forth in the Grantee’s employment agreement,
or in the absence thereof, “Good Reason” means: 
 (a) a material reduction in the Grantee’s rate of base salary; or 

(b) the Company changes by fifty (50) miles or more the principal location in which the Grantee is required to perform services; or 

(c) the Company terminates, materially amends or materially restricts the Grantee’s participation in, any equity, bonus or equity-based
compensation plans or qualified or supplemental retirement plans so that, when considered in the aggregate with any substitute plan or plans, the plans in which the Grantee is participating materially fail to provide him or her with a level of
benefits provided in the aggregate by such plans prior to such termination or amendment; or 
 (d) the Company materially breaches the
provisions of this Agreement. 
 A termination of the Grantee’s employment shall not be deemed to be for Good Reason
unless (i) the Grantee gives notice to the Company of the existence of the event or condition constituting Good Reason within thirty (30) days after such event or condition initially occurs or exists, (ii) the Company fails to cure
such event or condition within thirty (30) days after receiving such notice, and (iii) the Grantee’s termination occurs not later than ninety (90) days after such event or condition initially occurs or exists, in each case
without the Grantee’s written consent. 

  
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 5. Effect of a Change in Control. If there is a Change in Control during the Performance Period, the
Target Award shall be earned and vested at Target levels on the effective date of the Change in Control and the amount of the Target Award shall be paid no later than sixty (60) days following the effective date of the Change in Control. If
there is a Change in Control during the Restricted Period, all unvested Restricted Shares shall vest on the effective date of the Change in Control. 
 6.
Issuance of Restricted Shares. The Restricted Shares earned will be issued in the name of the Grantee as soon as practicable following the end of the Performance Period and in any event not later than two and one-half (2-1/2) months following
the end of the Performance Period. The Company’s transfer agent and/or share transfer records will show the Grantee as the owner of record of the Restricted Shares as of the date of issuance. 

The Company or the Company’s agent will hold (either physical or uncertificated form) the Restricted Shares for the period of time that
the Restricted Shares are subject to forfeiture (until vested) and the certificate or certificates representing the Restricted Shares will be delivered to the Grantee after the Restricted Shares are no longer subject to substantial risk of
forfeiture. Such delivery may take the form of an electronic transfer of the vested Restricted Shares to the Grantee’s brokerage or other financial account. 

7. Transferability. Subject to any exceptions set forth in this Agreement or the Plan, until vested, the Target Award or the rights relating thereto
may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Grantee. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Target Award or the rights relating thereto
prior to vesting shall be wholly ineffective and, if any such attempt is made, the Target Award will be forfeited by the Grantee and all of the Grantee’s rights to such Target Award shall immediately terminate without any payment or
consideration by the Company. 
 8. Rights as Shareholder; Dividends. 

8.1 The Grantee shall be the record owner of the Restricted Shares until the Common Shares are sold, forfeited or otherwise disposed of, and
shall be entitled to all of the rights of a shareholder of the Company including, without limitation, the right to vote such shares and receive all dividends or other distributions paid with respect to such shares. Dividends on the Restricted
Shares, if any, paid prior to the vesting of such Restricted Shares, whether cash or in the form of additional Company Common Shares, shall be deferred and subject to forfeiture if the Restricted Shares issued to the Grantee do not vest. 

8.2 If the Grantee forfeits any rights he has under this Agreement in accordance with Section 3.1, the Grantee shall, on the date of such
forfeiture, no longer have any rights as a shareholder with respect to the Restricted Shares and shall no longer be entitled to vote or receive dividends on such shares. 

9. No Right to Continued Service. Neither the Plan nor this Agreement shall confer upon the Grantee any right to be retained in any position, as an
Employee, Consultant or Director of the Company. Further, nothing in the Plan or this Agreement shall be construed to limit the discretion of the Company to terminate the Grantee’s Continuous Service at any time, with or without Cause. 

  
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 10. Adjustments. On any change in the number or kind of outstanding Common Shares of the Company by reason
of recapitalization, merger, consolidation, reorganization, separation, liquidation, share split, share dividend, combination of shares or any other change in the corporate structure or Common Shares of the Company, the Company, by action of the
Committee, is empowered to make such adjustment, if any, in the number and kind of Common Shares subject to this Agreement as it considers appropriate for the protection of the Company and of the Grantee. 

11. Tax Liability and Withholding. 
 11.1
The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricted Shares and
to take all such other action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes. The Committee may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the
following means, or by a combination of such means: 
 (a) tendering a cash payment; 

(b) authorizing the Company to withhold Common Shares from the Common Shares otherwise issuable or deliverable to the Grantee as a result of
the vesting of the Restricted Shares; provided, however, that no Common Shares shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law; or 

(c) delivering to the Company previously owned and unencumbered Common Shares. 

11.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related
withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the Grantee’s responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any
Tax-Related Items in connection with the grant or vesting of the Restricted Shares or the subsequent sale of any shares; and (b) does not commit to structure the Restricted Shares to reduce or eliminate the Grantee’s liability for
Tax-Related Items. 
 12. Section 83(b) Election. The Grantee may make an election under Code Section 83(b) (a “Section 83(b)
Election”) with respect to the Restricted Shares. Any such election must be made within thirty (30) days after the issuance of the shares. If the Grantee elects to make a Section 83(b) Election, the Grantee shall provide the Company
with a copy of an executed version and satisfactory evidence of the filing of the executed Section 83(b) Election with the US Internal Revenue Service. The Grantee agrees to assume full responsibility for ensuring that the Section 83(b)
Election is actually and timely filed with the US Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election. 

  
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 13. Compliance with Law. The issuance and transfer of Common Shares shall be subject to compliance by the
Company and the Grantee with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Company’s Common Shares may be listed. No Common Shares shall be issued or
transferred unless and until any then applicable requirements of state and federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel. The Grantee understands that the Company is under no
obligation to register the Common Shares with the Securities and Exchange Commission, any state securities commission or any stock exchange to effect such compliance. 

14. Legends. A legend may be placed on any certificate(s) or other document(s) delivered to the Grantee indicating restrictions on transferability of
the shares of Restricted Shares pursuant to this Agreement or any other restrictions that the Committee may deem advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any applicable federal or state
securities laws or any stock exchange on which the Common Shares are then listed or quoted. 
 15. Notices. Any notice required to be delivered to
the Company under this Agreement shall be in writing and addressed to the Secretary of the Company at the Company’s principal corporate offices. Any notice required to be delivered to the Grantee under this Agreement shall be in writing and
addressed to the Grantee at the Grantee’s address as shown in the records of the Company. Either party may designate another address in writing (or by such other method approved by the Company) from time to time. 

16. Governing Law. This Agreement will be construed and interpreted in accordance with the laws of the State of Ohio without regard to conflict of law
principles. 
 17. Interpretation. Any dispute regarding the interpretation of this Agreement shall be submitted by the Grantee or the Company to the
Committee for review. The resolution of such dispute by the Committee shall be final and binding on the Grantee and the Company. 
 18. Target Award
Subject to Plan. This Agreement is subject to the Plan as approved by the Company’s shareholders. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a
conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. 

19. Successors and Assigns. The Company may assign any of its rights under this Agreement. This Agreement will be binding upon and inure to the benefit
of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement will be binding upon the Grantee and the Grantee’s beneficiaries, executors, administrators and the person(s) to whom the
Target Award or the rights relating thereto may be transferred by will or the laws of descent or distribution. 
 20. Severability. The invalidity or
unenforceability of any provision of the Plan or this Agreement shall not affect the validity or enforceability of any other provision of the Plan or this Agreement, and each provision of the Plan and this Agreement shall be severable and
enforceable to the extent permitted by law. 

  
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 21. Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by
the Company at any time, in its discretion. The grant of the Target Award in this Agreement does not create any contractual right or other right to receive any Target Award or other Awards in the future. Future Awards, if any, will be at the sole
discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s employment with the Company. 

22. Amendment. The Committee has the right to amend, alter, suspend, discontinue or cancel the Target Award, prospectively or retroactively; provided
that, no such amendment shall adversely affect the Grantee’s material rights under this Agreement without the Grantee’s consent. 
 23.
Section 162(m). All payments under this Agreement are intended to constitute “qualified performance-based compensation” within the meaning of Section 162(m) of the Code. This Award shall be construed and administered in a
manner consistent with such intent. 
 24. Section 409A. This Agreement is intended to comply with Section 409A of the Code or an exemption
thereunder and shall be construed and interpreted in a manner that is consistent with the requirements for avoiding additional taxes or penalties under Section 409A of the Code. Notwithstanding the foregoing, the Company makes no
representations that the payments and benefits provided under this Agreement comply with Section 409A of the Code and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be
incurred by the Grantee on account of non-compliance with Section 409A of the Code. 
 25. No Impact on Other Benefits. The value of the
Grantee’s Target Award is not part of his or her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit. 

26. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together will constitute
one and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission, by electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and
pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature. 
 27.
Acceptance. The Grantee hereby acknowledges receipt of a copy of the Plan and this Agreement. The Grantee has read and understands the terms and provisions thereof, and accepts the Target Award subject to all of the terms and conditions of
the Plan and this Agreement. The Grantee acknowledges that there may be adverse tax consequences upon the vesting or settlement of the Restricted Shares or disposition of the underlying shares and that the Grantee has been advised to consult a tax
advisor prior to such vesting, settlement or disposition. 

  
 8 

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

	
	United Community Financial Corp.
	
	  

	Name:
	Title:
	
	  

	Name:

  
 9EX-10.1

 Exhibit 10.1 

EXECUTION COPY 
 AMENDMENT
NO. 3 
 TO 
 SECOND
AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS AMENDMENT NO. 3 TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”), dated as of May 29, 2015, is entered into by and among Lifetime Brands, Inc., as the Company (the “Company”), the financial institutions party hereto as Lenders (collectively, the
“Lenders”) and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”). Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Credit Agreement
referenced below. 
 WITNESSETH 

WHEREAS, the Company, the Foreign Subsidiary Borrowers party thereto, the other Loan Parties party thereto, the Lenders and the Administrative
Agent are parties to a Second Amended and Restated Credit Agreement, dated as of January 13, 2014 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”); 

WHEREAS, the Company has requested that the Lenders and the Administrative Agent agree to certain amendments to the Credit Agreement; and 

WHEREAS, the Lenders party hereto and the Administrative Agent have agreed to such amendments on the terms and conditions set forth herein;

 NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Company, the Lenders party hereto and the Administrative Agent hereby agree as follows: 

Section 1. Amendments. Effective as of the date of satisfaction of the conditions precedent set forth in
Section 2 below, the parties hereto agree that the Credit Agreement is hereby amended as follows: 
 (a) The definition of
“Permitted Acquisition Test” set forth in Section 1.01 of the Credit Agreement is hereby amended to replace the reference to the ratio “1.10 to 1.00” set forth therein with the ratio “1.20 to 1.00”.

 (b) Section 2.12(d) of the Credit Agreement is hereby amended to insert the following proviso immediately prior to the period
at the end of the first sentence thereof: 
 provided that, solely for purposes of such prepayment to be made in 2016, the prepayment
amount shall be the greater of (x) $10,000,000 and (y) an amount equal to fifty percent (50%) of the Company’s Excess Cash Flow for the 2015 fiscal year 

  
 1 

 (c) Section 6.13 of the Credit Agreement is hereby amended by replacing the table set
forth therein with the following table: 
  

			
	 Fiscal Quarter Ending
	  	 Maximum Senior Leverage Ratio

	 June 30, 2015
	  	4.50 to 1.00
	 September 30, 2015
	  	4.50 to 1.00
	 December 31, 2015
	  	4.50 to 1.00
	 March 31, 2016
	  	4.00 to 1.00
	 June 30, 2016
	  	4.00 to 1.00
	 September 30, 2016
	  	4.00 to 1.00
	 December 31, 2016 and each fiscal quarter ending thereafter
	  	3.75 to 1.00

 Section 2. Conditions of Effectiveness. The effectiveness of this Amendment is subject to
the conditions precedent that: 
 (a) the Administrative Agent shall have received counterparts to this Amendment, duly executed by each of
the Company, the Required Lenders and the Administrative Agent; 
 (b) the Administrative Agent shall have received counterparts to the
Consent and Reaffirmation, the form of which is attached hereto as Exhibit A, duly executed by each Loan Party (other than the Company); 

(c) the Administrative Agent shall have received from the Company, for the account of each Lender signatory hereto that delivers its executed
signature page to this Amendment by no later than the date and time specified by the Administrative Agent, an amendment fee in an amount equal to $10,000 for each such Lender; and 

(d) the Administrative Agent shall have received payment of the Administrative Agent’s and its affiliates’ fees and reasonable
out-of-pocket expenses (including reasonable out-of-pocket fees and expenses of counsel for the Administrative Agent) in connection with this Amendment. 

Section 3. Representations and Warranties of the Company. The Company hereby represents and warrants as follows: 

(a) This Amendment has been duly executed and delivered by it and constitutes its legal, valid and binding obligations, enforceable in
accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding at
law or in equity. 
 (b) After giving effect to this Amendment, the representations and warranties made by it in the Loan Documents are true
and correct as of the date hereof. 
 (c) Before and immediately after giving effect to this Amendment, no Default or Event of Default shall
have occurred and be continuing. 
 Section 4. Effect on Credit Agreement. 

(a) Upon the effectiveness of this Amendment, on and after the date hereof, each reference in the Credit Agreement to “this
Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference to such Agreement, as amended and modified hereby. 

  
 2 

 (b) Except as specifically amended and modified above, the Credit Agreement and all other
documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect, and are hereby ratified and confirmed. 

(c) The execution, delivery and effectiveness of this Amendment shall neither, except as expressly provided herein, operate as a waiver of any
right, power or remedy of the Administrative Agent or any Lender, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith. 

Section 5. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 
 Section 6. Headings. Section headings in this Amendment are included herein for convenience of reference
only and shall not constitute a part of this Amendment for any other purpose. 
 Section 7. Counterparts. This Amendment
may be executed by one or more of the parties to this Amendment on any number of separate counterparts and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A facsimile or PDF copy of any signature
hereto shall have the same effect as the original thereof. 
 [The remainder of this page is intentionally blank.] 

  
 3 

 IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above
written. 
  

					
	LIFETIME BRANDS, INC., as the Company
		
	By		 /s/ Laurence Winoker

			Name:		Laurence Winoker
			Title:		 Senior Vice President-Finance, Chief
 Financial
Officer and Treasurer

  
 Signature Page to
Amendment No. 3 to 
 Second Amended and Restated Credit Agreement 

Lifetime Brands, Inc. 

 
					
	JPMORGAN CHASE BANK, N.A., individually, as Administrative Agent, a Co-Collateral Agent, Issuing Bank, Swingline Lender and a Lender
		
	By:		 /s/ Robert A. Kaulius

			Name:		Robert A. Kaulius
			Title:		Authorized Officer

  
 Signature Page to
Amendment No. 3 to 
 Second Amended and Restated Credit Agreement 

Lifetime Brands, Inc. 

 
					
	HSBC BANK USA, NATIONAL ASSOCIATION, as Syndication Agent, a Co-Collateral Agent and a Lender
		
	By:		 /s/ William Conlan

			Name: 		William Conlan
			Title:		Senior Vice President

  
 Signature Page to
Amendment No. 3 to 
 Second Amended and Restated Credit Agreement 

Lifetime Brands, Inc. 

 
					
	 CAPITAL ONE BUSINESS CREDIT CORP.,

as a Lender

		
	By:		 /s/ Eustachio Bruno

			Name: 		Eustachio Bruno
			Title:		Director

  
 Signature Page to
Amendment No. 3 to 
 Second Amended and Restated Credit Agreement 

Lifetime Brands, Inc. 

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:		 /s/ Stephanie Allegra

			Name: 		Stephanie Allegra
			Title:		Senior Vice President

  
 Signature Page to
Amendment No. 3 to 
 Second Amended and Restated Credit Agreement 

Lifetime Brands, Inc. 

 
					
	SANTANDER BANK, N.A., as a Lender
		
	By:		 Kristen Burke

			Name: 		Kristen Burke
			Title:		Senior Vice President

  
 Signature Page to
Amendment No. 3 to 
 Second Amended and Restated Credit Agreement 

Lifetime Brands, Inc. 

 EXHIBIT A 

CONSENT AND REAFFIRMATION 

[Attached] 

 CONSENT AND REAFFIRMATION 

Each of the undersigned hereby acknowledges receipt of a copy of that certain Amendment No. 3 to Second Amended and Restated Credit
Agreement, dated as of May 29, 2015 (the “Amendment”), by and among Lifetime Brands, Inc., as the Company (the “Company”), the financial institutions party thereto as Lenders (collectively, the
“Lenders”), and JPMorgan Chase Bank, N.A., as the Administrative Agent (the “Administrative Agent”), which amends that certain Second Amended and Restated Credit Agreement, dated as of January 13, 2014 (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the Company, the Foreign Subsidiary Borrowers party thereto, the other Loan Parties party thereto, the Lenders and the
Administrative Agent. Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Credit Agreement. Without in any way establishing a course of dealing by the Administrative Agent or any Lender, each of the
undersigned consents to the Amendment and acknowledges and agrees that each Loan Document executed by it remains in full force and effect and is hereby reaffirmed, ratified and confirmed. All references to the Credit Agreement contained in the Loan
Documents shall be a reference to the Credit Agreement as so modified by the Amendment. 
 Dated: May 29, 2015 

[Signature Pages Follow] 

 IN WITNESS WHEREOF, this Consent and Reaffirmation has been duly executed as of the day and year
first above written. 
  

					
	PFALTZGRAFF FACTORY STORES, INC.
		
	By		 /s/ Laurence Winoker

			Name: 		Laurence Winoker
			Title:		Senior Vice President-Finance and Treasurer
	
	TMC ACQUISITION INC.
		
	By		 /s/ Laurence Winoker

			Name:		Laurence Winoker
			Title:		Chief Financial Officer and Treasurer
	
	LIFETIME DELAWARE HOLDINGS, LLC
		
	By		 /s/ Laurence Winoker

			Name:		Laurence Winoker
			Title:		Senior Vice President-Finance and Treasurer
	
	CREATIVE TOPS LIMITED
		
	By		 /s/ Ronald Shiftan

			Name:		Ronald Shiftan
			Title:		Director
	
	LIFETIME BRANDS UK LIMITED
		
	By		 /s/ Ronald Shiftan

			Name:		Ronald Shiftan
			Title:		Director
	
	CREATIVE TOPS HOLDINGS LIMITED
		
	By		 /s/ Ronald Shiftan

			Name:		Ronald Shiftan
			Title:		Director

  
 Signature Page to Consent
and Reaffirmation for 
 Amendment No. 3 to Second Amended and Restated Credit Agreement 

Lifetime Brands, Inc. 

 
					
	THOMAS PLANT (BIRMINGHAM) LIMITED
		
	By		 /s/ Ronald Shiftan

			Name: 		Ronald Shiftan
			Title:		Director

  
 Signature Page to Consent
and Reaffirmation for 
 Amendment No. 3 to Second Amended and Restated Credit Agreement 

Lifetime Brands, Inc.

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