Document:

Second Amendment to Credit Agreement

 Exhibit 10.2 
 SECOND AMENDMENT TO CREDIT AGREEMENT 
 This Second
Amendment to Credit Agreement (this “Amendment”) is dated as of December 23, 2009 and is entered into by and among Pinnacle Foods Finance LLC, a Delaware limited liability company (the “Borrower’’), Peak
Finance Holdings LLC, a Delaware limited liability company (“Holdings”), Barclays Bank PLC (“Barclays”), as Administrative Agent (“Administrative Agent”), the Revolving Commitment Increase Lenders
(as defined below), the Tranche C Term Lenders (as defined below) and, for purposes of Sections IV and V hereof, the Guarantors listed on the signature papers hereto, and is made with reference to that certain Credit Agreement, dated as of April 2,
2007 (as amended by that certain First Amendment, Resignation, Waiver, Consent and Appointment Agreement, dated as of December 4, 2009, and as further amended, restated, supplemented or otherwise modified, the “Credit Agreement”) by
and among the Borrower, Holdings, the Lenders party thereto from time to time, the Administrative Agent, the Collateral Agent and the other Agents named therein. Capitalized terms used herein without definition shall have the same meanings herein as
set forth in the Credit Agreement after giving effect to this Amendment. 
 RECITALS 
 WHEREAS, the Borrower has requested an increase in the Revolving Credit Commitments and the issuance of Incremental Term Loans in the form
of a new tranche of term loans pursuant to and on the terms set forth in Section 2.14(a) of the Credit Agreement; and 
 WHEREAS, the Borrower, Holdings, the Administrative Agent, the Lenders and/or Additional Lenders providing the Revolving Commitment Increase (the “Revolving Commitment Increase Lenders”) and the Lenders and/or Additional
Lenders providing the Incremental Term Loans (the “Tranche C Term Lenders”) have agreed to amend certain provisions of the Credit Agreement as provided for herein to effect the addition of a new tranche of Incremental Term Loans and
a Revolving Commitment Increase to the Credit Agreement pursuant to Section 2.14(a) thereof. 
 NOW, THEREFORE, in
consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
 SECTION
I. REVOLVING COMMITMENT INCREASE AND INCREMENTAL TERM LOANS 
  

	1.1	Revolving Commitment Increase. 

 A. The Borrower confirms and agrees that (i) it has requested an increase in the Revolving Credit Commitments in the amount of $25,000,000 from the Revolving Commitment Increase Lenders pursuant to and on the terms set forth in
Section 2.14(a) of the Credit Agreement, effective on the Second Amendment Effective Date (as defined in Section III below), (ii) on the Second Amendment Effective Date, the Borrower will borrow (and hereby requests funding of)
Revolving Loans from the Revolving Commitment Increase Lenders in the amount required by Section 2.14(a) of the Credit Agreement for application as therein set forth

 
(including the payment of any amount required to be paid under Section 3.05) and (iii) prior to the Second Amendment Effective Date, the Borrower will deliver to the Administrative
Agent a timely Committed Loan Notice to effect all Borrowings of Revolving Credit Loans of the Revolving Commitment Increase Lenders required pursuant to Section 2.14(a). 
 B. Each Revolving Commitment Increase Lender agrees that (i) effective on and at all times after the Second Amendment Effective Date,
in addition to all Revolving Commitments of such Lender (if any) outstanding prior to the Second Amendment Effective Date, such Revolving Commitment Increase Lender will be bound by all obligations of a Lender under the Credit Agreement in respect
of an additional Revolving Commitment in the amount set forth on its Lender Addendum delivered to the Administrative Agent on or before the Second Amendment Effective Date and (ii) on the Second Amendment Effective Date such Revolving Commitment
Increase Lender will (A) fund Revolving Loans in the amount required by Section 2.14(a) of the Credit Agreement for application as therein set forth and (B) irrevocably purchase from each Revolving Credit Lender a risk participation in each
Letter of Credit and in each Swing Line Loan outstanding on the Second Amendment Effective Date such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (1)
participations in Letters of Credit and (2) participations in Swing Line Loans held by each Revolving Credit Lender (including each Revolving Commitment Increase Lender) will equal the percentage of the aggregate Revolving Credit Commitments of all
Revolving Credit Lenders represented by such Revolving Credit Lender’s Revolving Credit Commitment. On the Second Amendment Effective Date, each Revolving Commitment Increase Lender which was not a Lender prior to the Second Amendment Effective
Date will become a Lender for all purposes of the Credit Agreement. The obligations of the Revolving Commitment Increase Lenders hereunder are in all respects several and not joint. No Revolving Commitment Increase Lender is or ever shall be in any
respect responsible or liable for any obligation of any other Revolving Commitment Increase Lender or any other Lender. 
  

	1.2	Incremental Term Loan. 

 A. The Borrower confirms and agrees that (i) it has requested an additional tranche of term loans, to be referred to in the Credit Agreement as Tranche C Term Loans, in the amount of $850,000,000 from the Tranche C Term Lenders
pursuant to and on the terms set forth in Section 2.14(a) of the Credit Agreement, effective on the Second Amendment Effective Date, (ii) on the Second Amendment Effective Date, the Borrower will borrow (and hereby requests funding of) the
full amount of Tranche C Term Loans from the Tranche C Term Lenders and (iii) prior to the Second Amendment Effective Date, the Borrower will deliver to the Administrative Agent a timely Committed Loan Notice with respect to the Tranche C Term Loan
Borrowing. 
 B. Each Tranche C Term Lender agrees that (i) effective on and at all times after the Second Amendment
Effective Date, in addition to all Initial Term Loans of such Lender (if any) outstanding prior to the Second Amendment Effective Date, such Tranche C Term Lender will be bound by all obligations of a Lender under the Credit Agreement in respect of
the Tranche C Term Commitment in the amount set forth on its Lender Addendum delivered to the Administrative Agent on or before the Second Amendment Effective Date and (ii) on the Second Amendment Effective Date such Tranche C Term Lender will fund
Tranche C Term Loans in the amount of such Tranche C Term Lender’s Tranche C Term Commitment. On the Second 

 
Amendment Effective Date, each Tranche C Term Lender which was not a Lender prior to the Second Amendment Effective Date will become a Lender for all purposes of the Credit
Agreement. The obligations of the Tranche C Term Lenders hereunder are in all respects several and not joint. No Tranche C Term Lender is or ever shall be in any respect responsible or liable for any obligation of any other Tranche C Term Lender or
any other Lender. 
 SECTION II. AMENDMENTS TO CREDIT AGREEMENT 
  

	2.1	Amendment to the Preliminary Statement. The Preliminary Statement is hereby amended by replacing the term “Term Loans” in the
second and third paragraph thereof with the term “Initial Term Loans”. 

  

	2.2	Amendments to Section 1: Definitions. 

 A. Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions in proper alphabetical sequence: 
 “Initial Term Commitment” means, as to each Initial Term Lender, its obligation to make an Initial Term Loan
to the Borrower pursuant to Section 2.01(a)(i) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name under the caption “Term Commitment” on Schedule 1 to the Lender Addendum delivered by such Lender on
or prior to the Closing Date, or, as the case may be, in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. On
the Closing Date, the initial aggregate amount of the Initial Term Commitments was $1,250,000,000. 
 “Initial Term Lender” means, at any time, any Lender that has an Initial Term Commitment or an Initial Term Loan at such time. 
 “Initial Term Loan” means a Loan made pursuant to Section 2.01(a)(i). 
 “Second Amendment” means that certain Second Amendment to Credit Agreement dated as of December 23, 2009 among the Borrower, Holdings, the Administrative Agent and the Lenders party
thereto. 
 “Second Amendment Effective Date” means the date of satisfaction of the conditions
precedent referred to in Section III of the Second Amendment. 
 “Tranche C Term Commitment”
means, as to each Tranche C Term Lender, its obligation to make a Tranche C Term Loan to the Borrower pursuant to Section 2.01(a)(ii) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name under the caption
“Tranche C Term Commitment” on Schedule 1 to the Lender Addendum delivered by such Lender, or, as the case may be, in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount
may be adjusted from time to time in accordance with this Agreement. As of the Second Amendment Effective Date, the initial aggregate amount of the Tranche C Term Commitments shall be $850,000,000. 

 “Tranche C Term Lender” means, at any time,
any Lender that has a Tranche C Term Commitment or a Tranche C Term Loan at such time. 
 “Tranche C Term
Loan” means a Loan made pursuant to Section 2.01(a)(ii). 
 B. Section 1.01 of the Credit Agreement is
hereby amended by amending and restating the definition of “Applicable Rate” in its entirety to read as follows: 
 ““Applicable Rate” means a percentage per annum equal to (a) (i) for Eurocurrency Rate Loans that are Tranche C Term Loans, 5.00% and (ii) for Base Rate Loans that are Tranche C Term
Loans, 4.00% and (b) the following percentages per annum, based upon the Total Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(a): 
 Applicable Rate 
  

																		
	 Pricing
Level
	 	 Total Leverage Ratio
	 	Eurocurrency
Rate for
Revolving
Loans and
Letter of
Credit Fees	 	 	Base Rate
for
Revolving
Loans	 	 	Commitment
Fees Rate	 	 	Eurocurrency
Rate for
Initial Term
Loans	 	 	Base Rate
for
Initial Term
Loans	 
	1	 	>6.5:1	 	2.75	% 	 	1.75	% 	 	0.50	% 	 	2.75	% 	 	1.75	% 
	2	 	£6.5:1 but >6.0:1	 	2.50	% 	 	1.50	% 	 	0.50	% 	 	2.50	% 	 	1.50	% 
	3	 	£6.0:1 but >5.5:1	 	2.25	% 	 	1.25	% 	 	0.50	% 	 	2.50	% 	 	1.50	% 
	4	 	<5.5:1	 	2.00	% 	 	1.00	% 	 	0.375	% 	 	2.50	% 	 	1.50	% 

 Any increase or decrease in the Applicable Rate resulting from a change in the Total
Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided that at the option of the Administrative Agent or the Required
Lenders, the highest Pricing Level shall apply (x) as of the first Business Day after the date on which a Compliance Certificate was required to have been delivered but was not delivered, and shall continue to so apply to and including the date on
which such Compliance Certificate is so delivered (and thereafter the Pricing Level otherwise determined in accordance with this definition shall apply) and (y) as of the first Business Day after an Event of Default under Section 8.01(a) shall have
occurred and be continuing, and shall continue to so apply to but excluding the date on which such Event of Default is cured or waived (and thereafter the Pricing Level otherwise determined in accordance with this definition shall apply).”

 C. Section 1.01 of the Credit Agreement is hereby amended by amending and restating the
first sentence of the definition of “Base Rate” in its entirety to read as follows: ““Base Rate” means for any day a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such
day as publicly announced from time to time by the Administrative Agent as its “Prime Rate” and (c) solely with respect to Tranche C Term Loans that are Base Rate Loans, 3.50% per annum.” 

 D. Section 1.01 of the Credit Agreement is hereby amended by amending and
restating the definition of “Class” in its entirety to read as follows: 
 ““Class”
(a) when used with respect to Lenders, refers to whether such Lenders are Revolving Credit Lenders, Initial Term Lenders or Tranche C Term Lenders, (b) when used with respect to Commitments, refers to whether such Commitments are Revolving Credit
Commitments, Initial Term Commitments or Tranche C Term Commitments and (c) when used with respect to Loans or a Borrowing, refers to whether such Loans, or the Loans comprising such Borrowing, are Revolving Credit Loans, Initial Term Loans or
Tranche C Term Loans. 
 E. Section 1.01 of the Credit Agreement is hereby amended by adding the following
sentence to the end of the definition of “Eurocurrency Rate”: 
 “Notwithstanding the foregoing, the Eurocurrency
Rate for Tranche C Term Loans that are Eurocurrency Rate Loans shall at no time be less than 2.50% per annum.” 
 Section 1.01 of the Credit Agreement is hereby amended by amending and restating the definition of “Lender Addendum” in its entirety to read as follows: ““Lender Addendum” means, with respect to any
initial Lender, Tranche C Term Lender or Revolving Commitment Increase Lender, a Lender Addendum, substantially in the form of Exhibit J, or otherwise acceptable to the Administrative Agent, to be executed and delivered by such Lender on the Closing
Date or the Second Amendment Effective Date, as applicable, as provided in Section 10.23. 
 F. Section 1.01 of
the Credit Agreement is hereby amended by amending the definition of “Revolving Credit Commitment” by (i) deleting the last sentence thereof and (ii) inserting the following sentence at the end thereof: “The aggregate Revolving Credit
Commitments of all Revolving Credit Lenders was $125,000,000 on the Closing Date and shall be $150,000,000 on the Second Amendment Effective Date, as such amount may be adjusted from time to time in accordance with the terms of this Agreement.”

 G. Section 1.01 of the Credit Agreement is hereby amended by amending the definition of “Term
Borrowing” by inserting (i) “, Class” immediately following the word “Type” therein and (ii) “applicable” immediately preceding “Term Lenders”. 
 H. Section 1.01 of the Credit Agreement is hereby amended by amending and restating the definition of “Term
Commitment” in its entirety to read as follows: ““Term Commitment” means, as to any Term Lender, its Initial Term Commitment and/or Tranche C Term Commitment, as applicable.” 
 I. Section 1.01 of the Credit Agreement is hereby amended by amending and restating the definition of “Term Lender”
in its entirety to read as follows: ““Term Lender” means, any Initial Term Lender and/or any Tranche C Term Lender.” 
 J. Section 1.01 of the Credit Agreement is hereby amended by amending and restating the definition of “Term Loan” in its entirety to read as follows: ““Term
Loans” means, Initial Term Loans and Tranche C Term Loans.” 

	2.3	Amendment to Section 2.01(a). Section 2.01(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 “The Term Borrowings. Subject to the terms and conditions set forth herein, (i)
each Initial Term Lender severally agrees to make to the Borrower a single loan denominated in Dollars in an amount equal to such Initial Term Lender’s Initial Term Commitment on the Closing Date and (ii) each Tranche C Term Lender severally
agrees to make to the Borrower a single loan denominated in Dollars in an amount equal to such Tranche C Term Lender’s Tranche C Term Commitment on the Second Amendment Effective Date. Amounts borrowed under this Section 2.01(a) and repaid or
prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.” 
  

	2.4	Amendment to Section 2.05. Section 2.05(b)(v) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 “(X) Each prepayment of Term Loans pursuant to this Section 2.05(b) shall be applied (a) pro rata to the
Initial Term Loans and Tranche C Term Loans and (b) in direct order of maturity to repayments thereof required pursuant to Section 2.07(a); and (Y) each such prepayment shall be paid to the Lenders in accordance with their respective Pro Rata Shares
subject to clause (vi) of this Section 2.05(b).” 
  

	2.5	Amendment to Section 2.07. Section 2.07(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 “Term Loans. The Borrower shall repay to the Administrative Agent for the ratable account of (i) the
Initial Term Lenders (A) on the last Business Day of each March, June, September and December, commencing with the last Business Day of September 2007, an aggregate amount equal to 0.25% of the aggregate amount of all Initial Term Loans outstanding
on the Closing Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (B) on the Maturity Date for the Term Loans, the aggregate principal amount of
all Initial Term Loans outstanding on such date, and (ii) the Tranche C Term Lenders (A) on the last Business Day of each March, June, September and December, commencing with the last Business Day of March 2010, an aggregate amount equal to 0.25% of
the aggregate amount of all Tranche C Term Loans outstanding on the Second Amendment Effective Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05)
and (B) on the Maturity Date for the Term Loans, the aggregate principal amount of all Tranche C Term Loans outstanding on such date.” 
  

	2.6	Amendment to Section 7.10. Section 7.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 “Use of Proceeds. Use the proceeds of (i) any Credit Extension (other than the Borrowing of the
Tranche C Term Loans), whether directly or indirectly, in a manner inconsistent with the uses set forth in the preliminary statements to this Agreement or (ii) the Tranche C Term Loans, for any purpose other than to pay the consideration for the
acquisition of all of the equity interests in Birds Eye Foods, Inc., to repay any indebtedness of Birds Eye Foods, Inc. or its subsidiaries, or to pay fees, costs and expenses related to such transactions, in each case in this
clause (ii), on the Second Amendment Effective Date.” 

	2.7	Amendment to Section 10.23. Section 10.23 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 “Delivery of Lender Addenda. Each initial Lender, each Revolving Commitment Increase Lender and each
Tranche C Term Lender shall become a party to this Agreement by delivering to the Administrative Agent a Lender Addendum duly executed by such Lender, the Borrower and the Administrative Agent.” 
  

	2.8	Amendment to Exhibit J. Exhibit J to the Credit Agreement is hereby replaced in its entirety with the form of Lender Addendum attached hereto as Exhibit
A. 

 SECTION III. CONDITIONS TO EFFECTIVENESS 
 This Amendment shall become effective only upon the satisfaction of all of the following conditions precedent (the date of satisfaction of
such conditions being referred to herein as the “Second Amendment Effective Date”): 
 A.
Execution. The Administrative Agent shall have (i) executed this Amendment and (ii) received a counterpart signature page of this Amendment duly executed by each of the Loan Parties, each Revolving Commitment Increase Lender and each
Tranche C Term Lender. 
 B. Fees. The Administrative Agent shall have received (i) on behalf of each Tranche C
Term Lender who has executed this Amendment, a nonrefundable fee equal to 1.00% of such Lender’s Tranche C Term Commitment, which fee shall be fully earned and payable on the date hereof (and may be paid out of the proceeds of the Tranche C
Term Loan) and (ii) all fees and other amounts due and payable on or prior to the Second Amendment Effective Date, including, to the extent invoiced on or before the Second Amendment Effective Date, reimbursement or other payment of all
out-of-pocket expenses required to be reimbursed or paid by the Borrower in connection with the Second Amendment or under any other Loan Document (including all reasonable fees, charges and disbursements of Latham & Watkins LLP, counsel to the
Administrative Agent, incurred in connection with this Amendment). 
 C. Committed Loan Notice. The Administrative
Agent shall have received a Committed Loan Notice relating to the Borrowing of the Tranche C Term Loan and any Revolving Loans to be borrowed on the Second Amendment Effective Date. 
 D. Acquisition and Related Transaction Consummation. The acquisition (the “Acquisition”) of all of the equity
interests in Birds Eye Foods, Inc. from Birds Eye Holdings LLC by the Borrower directly, or indirectly through Pinnacle Foods Group LLC, its wholly owned subsidiary, as the buyer (the “Buyer”), shall have been consummated, or shall be
consummated substantially simultaneously with the Borrowing of the Tranche C Term Loan, in accordance with the term of the Acquisition Agreement (as defined below), without giving effect to any amendments or waivers by the Borrower that are
materially adverse to the Lenders without the consent of the Administrative Agent which consent shall not be unreasonably withheld, conditioned or delayed. 

 E. Material Adverse Effect. Since June 27, 2009, there shall not have occurred
any Material Adverse Effect (as defined in the Acquisition Agreement). 
 F. Equity Contribution. The Sponsor
shall have directly or indirectly contributed or caused to be contributed an aggregate amount of cash equity equal to at least $260,000,000 (the “Equity Contribution”) and to the extent the Equity Contribution is exchanged for any
interest other than common equity, it shall be on terms and conditions and pursuant to documentation reasonably satisfactory to the Administrative Agent. 
 G. Opinion of Counsel to Loan Parties. The Administrative Agent shall have received an executed copy of a written opinion of Simpson, Thacher & Bartlett LLP, counsel for the Loan
Parties, addressed to the Administrative Lender and the Lenders party to the Credit Agreement, dated as of the Second Amendment Effective Date, in form and substance substantially identical to the opinion delivered in connection with the Credit
Agreement on the Closing Date, and otherwise in form and substance satisfactory to the Administrative Agent. 
 H. No
Default or Event of Default. No event has occurred and is continuing or will result from the consummation of the transactions contemplated by, and the effectiveness of, this Amendment (including, without limitation, any Credit Extension under
the Amended Agreement) that would constitute a Default or an Event of Default. 
 I. Representations and
Warranties. (i) Each of the representations and warranties contained in Section IV below (except, with respect to Section IV.F., and solely with respect to Birds Eye Foods, Inc. (the “Target”) and its Subsidiaries,
the representations contained in Sections 5.03, 5.05, 5.06, 5.07, 5.08, 5.09, 5.10, 5.11, 5.12, 5.15. and 5.16 of the Credit Agreement) shall be true and correct in all material respects (both before and after giving effect to the Acquisition);
provided that, to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided, further that, any
representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective
dates and (ii) the Buyer shall not have the right to terminate that certain Stock Purchase Agreement by and among Birds Eye Holdings, LLC, Birds Eye Foods, Inc. and Pinnacle Foods Group LLC, in the form dated and delivered to the Administrative
Agent on November 18, 2009 (the “Acquisition Agreement”) pursuant to Section 8.01(b) thereof (without giving effect to any waiver of such right by the Buyer) by virtue of a breach of any representation or warranty contained therein.

 J. Target Financial Statements. The Administrative Agent shall have received (a) audited consolidated balance
sheets and related statements of income, stockholders’ equity and cash flows of the Target for the fiscal years ended June 27, 2009, June 28, 2008, and June 30, 2007, in each case, without qualification by the Target’s auditors, (b)
unaudited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of the Target for each subsequent fiscal quarter ended at least 45 days before the Second Amendment Effective Date (which will have been
reviewed by the independent accountants for the Borrower or the Target as provided in the Statement on Auditing Standards No. 100) and (c) any Required Information (as defined in the Acquisition Agreement). 

 K. Borrower Financial Statements. The Administrative Agent shall have received
a pro forma consolidated statement of income of the Borrower for the most recently completed fiscal year and any interim period ended at least 45 days prior to the Second Amendment Effective Date and a pro forma consolidated balance sheet and
related pro forma consolidated statement of income of the Borrower as of and for the twelve-month period ending on the last day of the most recently completed four-fiscal quarter period ended at least 45 days prior to the Second Amendment Effective
Date, in each case in the form customarily included in offering documents used in Rule 144A offerings by affiliates of the Sponsor and prepared after giving effect to the Acquisition and all related transactions as if the Acquisition and the related
transactions had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such other financial statements). 
 L. Section 2.14 Officer’s Certificate. The Administrative Agent shall have received an officer’s certificate, in form and substance reasonably satisfactory to the Administrative
Agent, executed by the chief financial officer of the Borrower certifying that (i) (a) at the time the Borrower provided notice to the Administrative Agent of its request for Incremental Acquisition Loans consisting of an increase in the Revolving
Credit Commitments and an additional tranche of term loans, (b) upon the effectiveness of this Amendment and (c) at the time the Tranche C Term Loans are made (and after giving effect thereto), no Default or Event of Default existed or shall exist,
as applicable, and (ii) attached to such certificate is the calculation of the Senior Secured Incurrence Test showing that after giving effect to the incurrence of the Tranche C Term Loans and any borrowings on the Second Amendment Effective Date
under the increased Revolving Credit Commitments, the Senior Secured Incurrence Test (on a Pro Forma Basis) will be satisfied. 
 M. Other Documents. The Administrative Agent and the Lenders shall have received customary corporate documents and certificates (including a certificate from the chief financial officer of the Borrower with respect to the
solvency (on a consolidated basis) of the Borrower and its subsidiaries after giving pro forma effect for the Acquisition) each in form and substance substantially identical to those delivered in connection with the Credit Agreement on the Closing
Date and otherwise in form and substance satisfactory to the Administrative Agent; provided that the solvency certificate shall be in substantially the form attached hereto as Exhibit B (with such changes, if any, as the Administrative Agent
may approve). 
 SECTION IV. REPRESENTATIONS AND WARRANTIES 
 In order to induce the Administrative Agent, the Revolving Commitment Increase Lenders and the Tranche C Term Lenders to enter into this Amendment and to amend the Credit Agreement in the manner provided
herein, each Loan Party which is a party hereto represents and warrants to each of the Administrative Agent, the Revolving Commitment Increase Lenders and the Tranche C Term Lenders that the following statements are true and correct in all material
respects: 
 A. Corporate Power and Authority. Each Loan Party which is party hereto has all requisite power and
authority to enter into this Amendment and to carry out the transactions contemplated by, and to perform its obligations under, this Amendment and under the Credit Agreement, as amended by this Amendment (the “Amended
Agreement”) and the other Loan Documents. 

 B. Authorization of Agreements. The execution and delivery of this Amendment
and the performance of this Amendment and the Amended Agreement and the other Loan Documents have been duly authorized by all necessary action on the part of each Loan Party party hereto and thereto. 
 C. No Conflict. The execution and delivery by each Loan Party of this Amendment and the performance by each Loan Party party
hereto and thereto of this Amendment and the Amended Agreement and the other Loan Documents do not and will not (i) violate (A) any provision of any law, statute, rule or regulation, or of the certificate or articles of incorporation or partnership
agreement, other constitutive documents or by-laws of Holdings, the Borrower or any Loan Party or (B) any applicable order of any court or any rule, regulation or order of any Governmental Authority where any such violation referred to in clause (A)
or (B) of this Section IV.C.(i), individually or in the aggregate could reasonably be expected to have a Material Adverse Effect, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default
under any Contractual Obligation of the applicable Loan Party, (iii) except as permitted under the Amended Agreement, result in or require the creation or imposition of any Lien upon any of the properties or assets of each Loan Party (other than any
Liens created under any of the Loan Documents in favor of Administrative Agent on behalf of Lenders), or (iv) require any approval of stockholders or partners or any approval or consent of any Person under any Contractual Obligation of each Loan
Party, except for such approvals or consents which will be obtained on or before the Second Amendment Effective Date and except for any such approvals of stockholders or partners the failure of which to obtain will not have a Material Adverse
Effect. 
 D. Governmental Consents. No action, consent or approval of, registration or filing with or any other
action by any Governmental Authority is or will be required in connection with the execution and delivery by each Loan Party of this Amendment and the performance by, or enforcement against, each Loan Party party hereto and thereto of this Amendment
and the Amended Agreement and the other Loan Documents, except for such actions, consents and approvals the failure to obtain or make which could not reasonably be expected to result in a Material Adverse Effect or which have been obtained and are
in full force and effect. 
 E. Binding Obligation. This Amendment and the Amended Agreement have been duly
executed and delivered by each of the Loan Parties party thereto and each constitutes a legal, valid and binding obligation of such Loan Party to the extent a party thereto, enforceable against such Loan Party in accordance with its terms, except as
enforceability may be limited by Debtor Relief Laws and by general principles of equity. 
 F. Incorporation of
Representations and Warranties from Credit Agreement. The representations and warranties contained in Article V of the Amended Agreement are and will be true and correct in all material respects on and as of the Second Amendment Effective Date
(both before and after giving effect to the Acquisition); provided that, to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier
date; provided, further that, any representation and

 
warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification
therein) in all respects on such respective dates. 
 G. Absence of Default. No event has occurred and is
continuing or will result from the consummation of the transactions contemplated by, and the effectiveness of, this Amendment (including, without limitation, any Credit Extension under the Amended Agreement) that would constitute a Default or an
Event of Default. 
 H. Patriot Act. To the extent applicable, each Loan Party and each Subsidiary of each Loan
Party (including the Target and its Subsidiaries) is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR,
Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (ii) the Patriot Act. No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental
official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the
United States Foreign Corrupt Practices Act of 1977, as amended. 
 SECTION V. ACKNOWLEDGMENT AND CONSENT 
 Each Guarantor hereby acknowledges that it has reviewed the terms and provisions of the Credit Agreement and this Amendment and consents to
the amendment of the Credit Agreement effected pursuant to this Amendment. Each Guarantor hereby confirms that each Loan Document to which it is a party or otherwise bound and all Collateral encumbered thereby will continue to guarantee or secure,
as the case may be, to the fullest extent possible in accordance with the Loan Documents the payment and performance of all “Obligations” under each of the Loan Documents to which is a party (in each case as such terms are defined in the
applicable Loan Document (as amended hereby)). 
 Each Guarantor acknowledges and agrees that any of the Loan Documents to which
it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. 

Each Guarantor (other than Holdings) acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this
Amendment, such Guarantor is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this
Amendment or any other Loan Document shall be deemed to require the consent of such Guarantor to any future amendments to the Credit Agreement. 

 SECTION VI. MISCELLANEOUS 
 A. Reference to and Effect on the Credit Agreement and the Other Loan Documents. 
 (i) On and after the Second Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof”
or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended by this Amendment. 
 (ii) Except as specifically amended by this Amendment, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed. 
 (iii) The execution, delivery and performance of this Amendment shall not constitute a waiver of any provision of, or operate
as a waiver of any right, power or remedy of any Agent or Lender under, the Credit Agreement or any of the other Loan Documents. 
 B. Headings. Section and Subsection 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 or be given any
substantive effect. 
 C. Integration, Applicable Law and Waiver of Jury Trial. The provisions of
Sections 10.12 (Integration), 10.16 (Governing Law) and 10.17 (Waiver of Right to Trial by Jury) of the Credit Agreement
shall apply with like effect to this Amendment. 
 D. Counterparts. This Amendment may be
executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic method of an executed counterpart of a signature page
to this Amendment shall be effective as delivery of an original executed counterpart of this Amendment. The Administrative Agent may also require that any such documents and signatures delivered by telecopier or other electronic method be confirmed
by a manually signed original thereof; provided that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier or other electronic method. 
 E. Severability. If any provision of this Amendment is held to be illegal, invalid or unenforceable, the
legality, validity and enforceability of the remaining provisions of this Amendment shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction. 
 [Remainder of this page intentionally left blank.] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered
by their respective officers thereunto duly authorized as of the date first written above. 
  

									
	BORROWER:	 		 	PINNACLE FOODS FINANCE LLC
					
		 		 		 	By:	 	/S/    KELLEY
MAGGS        
		 		 		 		 	Name:  Kelley Maggs
		 		 		 		 	Title:  SVP

 Second Amendment to Credit Agreement 

									
	GUARANTORS:	 		 	PEAK FINANCE HOLDINGS LLC
					
		 		 		 	By:	 	/S/    KELLEY
MAGGS        
		 		 		 		 	Name:  Kelley Maggs
		 		 		 		 	Title:  SVP
			
		 		 	PINNACLE FOODS FINANCE CORP.
					
		 		 		 	By:	 	/S/    KELLEY
MAGGS        
		 		 		 		 	Name:  Kelley Maggs
		 		 		 		 	Title:  SVP
			
		 		 	PINNACLE FOODS GROUP LLC
					
		 		 		 	By:	 	/S/    KELLEY
MAGGS        
		 		 		 		 	Name:  Kelley Maggs
		 		 		 		 	Title:  SVP
			
		 		 	PINNACLE FOODS INTERNATIONAL CORP.
					
		 		 		 	By:	 	/S/    KELLEY
MAGGS        
		 		 		 		 	Name:  Kelley Maggs
		 		 		 		 	Title:  SVP

 Second Amendment to Credit Agreement 

			
	 BARCLAYS BANK PLC,
 as Administrative Agent, a Tranche C Term Lender and a Revolving Commitment Increase Lender

		
	By:	 	/s/    Diane Rolfe
		 	Name:  Diane Rolfe
		 	Title:    Director

 Second Amendment to Credit Agreement 

 This amendment was executed by authorized signatories of 6 Lenders 
  

			
	[LENDER]
	 as a Tranche C Term Lender and a
 Revolving Commitment Increase
 Lender

		
	By:	 	 
		 	Name:
		 	Title:

 Second Amendment to Credit Agreement 

			
	[_______________________],
	as a Tranche C Term Lender
		
	By:	 	 
		 	Name:
		 	Title:

 Second Amendment to Credit Agreement 

			
	[_______________________],
	as a Tranche C Term Lender
		
	By:	 	 
		 	Name:
		 	Title:

 Second Amendment to Credit Agreement 

 Exhibit A 
 Exhibit J to Credit Agreement 
 FORM OF 
 LENDER ADDENDUM 
 LENDER ADDENDUM, dated as of [_________] (this “Lender Addendum”), to the Credit Agreement, dated as of April 2, 2007 (as amended, restated, modified or supplemented from time to time, the “Credit
Agreement”), among Pinnacle Foods Finance LLC (the “Borrower”), Peak Finance Holdings LLC (“Holdings”), Barclays Bank PLC, as administrative agent (in such capacity, the “Administrative
Agent”) and Collateral Agent, Goldman Sachs Credit Partners L.P., as Syndication Agent, Mizuho Corporate Bank, Ltd. and General Electric Capital Corporation, as Co-Documentation Agents, and each lender from time to time party thereto.
Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. 
 Upon execution and delivery of this Lender Addendum by the parties hereto as provided in Section 10.23 of the Credit Agreement, the undersigned hereby becomes a party to the Credit Agreement with all the rights and obligations of a Lender
thereunder having the Commitments set forth in Schedule 1 hereto, effective as of the Closing Date. 
 THIS LENDER ADDENDUM
SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 This Lender
Addendum may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page
hereof by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. 
 [Remainder of
this page intentionally left blank] 

 IN WITNESS WHEREOF, the undersigned has caused this Lender Addendum to be executed and
delivered by a duly authorized officer on the date first above written. 
  

			
	[LENDER]
		
	By:	 	 
		 	Name:
		 	Title:

 Accepted this ___ day of
                                 
  
  

			
	PINNACLE FOODS FINANCE LLC,
	as Borrower
		
	By:	 	 
		 	Title:
	
	BARCLAYS BANK PLC,
	as Administrative Agent
		
	By:	 	 
		 	Title:

 Schedule 1 
 COMMITMENTS AND NOTICE ADDRESS 
  

							
	 1.
	  	Name of Lender:	  	_____________________________	  	
		  	Notice Address:	  	_____________________________	  	
		  		  	_____________________________	  	
		  		  	_____________________________	  	
		  	Attention:	  	_____________________________	  	
		  	Telephone:	  	_____________________________	  	
		  	Facsimile:	  	_____________________________	  	
			
	 2.
	  	Revolving Credit Commitment:	  	
			
	 3.
	  	Initial Term Commitment:	  	
			
	 4.
	  	Tranche C Term Commitment:	  	

 Exhibit B 
 [Form of] 
 SOLVENCY CERTIFICATE 
 OF 
 PINNACLE FOODS FINANCE LLC 
 [         ] 
 This Solvency Certificate (this “Certificate”) is delivered pursuant to Section 4.01 (a)(vii) of the Credit Agreement, dated as of
April 2, 2007 (as amended, supplemented, restated, replaced or otherwise modified from time to time, the “Credit Agreement”), among Pinnacle Foods Finance LLC (the “Borrower”), Peak Finance Holdings LLC (“Holdings”),
Barclays Bank PLC, as Administrative Agent, Collateral Agent and Swing Line Lender, Goldman Sachs Credit Partners L.P., as Syndication Agent, Mizuho Corporate Bank, Ltd. and General Electric Capital Corporation, as Co-Documentation Agents, and each
lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”). Capitalized terms used herein without definition have the same meanings as in the Credit Agreement. 
 I hereby certify on behalf of the Loan Parties as follows: 
 1. I am the duly qualified and acting Chief Financial Officer of the Borrower and in such capacity am a senior financial officer with responsibility for the management of the financial affairs of the
Borrower and the preparation of consolidated financial statements of the Borrower and its subsidiaries. I acted on behalf of the Borrower in connection with the negotiation and execution of the Credit Agreement, the other Loan Documents and each
other document relating to the Transaction. In connection with the following certifications, I have reviewed the financial statements of the Borrower and its subsidiaries. 
 2. I have carefully reviewed the contents of this Certificate, and I have conferred with counsel for the Borrower for the purpose of
discussing the meaning of its contents and the purpose for which it is to be used. I have made such investigations and inquiries as I have deemed to be necessary and prudent, and have reviewed the Credit Agreement, the other Loan Documents and each
other document relating to the Transaction. I am providing this certificate solely in my capacity as an officer of the Borrower. 
 3. The fair value of the property of the Company (as used herein “Company” means the Borrower and its subsidiaries on a consolidated basis) is not as of the date hereof, nor will it be after giving effect to the Transaction, less
than the total amount of liabilities, including contingent liabilities, of the Company (it being understood that the amount of contingent liabilities at any time shall be computed as the amount that, in light of all the facts and circumstances
existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability). 
 4.
The present fair salable value of the assets of the Company is not as of the date hereof, nor will it be after giving effect to the Transaction, less than the total amount of liabilities, including contingent liabilities, of the Company (it being
understood that the amount of contingent liabilities at any time shall be computed as the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or
matured liability). 
 5. After giving effect to the Transaction, the Company will not incur debts or liabilities beyond the
Company’s ability to pay such debts and liabilities as they mature. 

 6. After giving effect to the Transaction, the Company will not be left with property
remaining in its hands constituting “unreasonably small capital.” I understand that “unreasonably small capital” depends upon the nature of the particular business or businesses conducted or to be conducted, and I have reached my
conclusion based on the needs and anticipated needs for capital of the businesses conducted or anticipated to be conducted by the Company in light of the projected financial statements and available credit capacity.Form of Restricted Stock Unit Grant Agreement

 Exhibit 10.1 
 SUSQUEHANNA BANCSHARES, INC. 
 RESTRICTED STOCK
UNIT GRANT AGREEMENT 
 This RESTRICTED STOCK UNIT GRANT AGREEMENT (this “Agreement”), dated as of
                     (the “Grant Date”), is delivered by Susquehanna Bancshares, Inc. (the “Company”) to
                     (the “Grantee”). 
 RECITALS 
 WHEREAS, on December 12, 2008, the Company completed the
sale of $300,000,000 in preferred shares (“TARP Funds”) to the U.S. Department of the Treasury (the “Treasury”) through the Capital Purchase Program (“CPP”) under the Troubled Asset Relief Program (“TARP”)
established under the Emergency Economic Stabilization Act of 2008 (“EESA”) and later amended under the American Recovery and Reinvestment Act of 2009 (“ARRA”); and 
 WHEREAS, companies participating in TARP must adopt standards for executive compensation and corporate governance for the period during
which the Treasury holds an equity or debt position in the company under TARP (the “CPP Period”); and 
 WHEREAS, the
executive compensation and corporate governance standards under TARP are set forth under Section 7001 of ARRA and an interim final rule published in the Federal Register by the Treasury on June 15, 2009 (“Final Rule”); and

 WHEREAS, the Final Rule together with any additional regulations, guidance or requirements issued by the Treasury under ARRA
collectively shall be referred to as the “TARP Regulations;” and 
 WHEREAS, pursuant to the TARP Regulations, the
Company is prohibited from paying or accruing any bonus, retention award, or incentive compensation during the CPP Period to any covered employees of the Company as defined under the TARP Regulations with the exception of certain restricted stock or
restricted stock unit awards designed to comply with the TARP Regulations; and 
 WHEREAS, the Susquehanna Bancshares, Inc.
Amended and Restated 2005 Equity Compensation Plan (the “Plan”) provides for the grant of restricted stock units in accordance with the terms and conditions of the Plan; and 
 WHEREAS, the Committee has decided to grant Restricted Stock Units to the Grantee as an inducement for the Grantee to continue in the employ
of the Company and promote the best interests of the Company and its shareholders; and 
 WHEREAS, the value of the Restricted
Stock Unit award is not greater than one third (1/3) of the Grantee’s total annual compensation, as determined pursuant to the TARP Regulations; and 

 WHEREAS, the Grantee is a covered employee as defined under the TARP Regulations; and

 WHEREAS, all capitalized terms in this Agreement shall have the meaning assigned to them in this Agreement or in the Plan.

 NOW, THEREFORE, it is hereby agreed as follows: 
 1. Grant of Restricted Stock Units. The Company hereby awards to the Grantee, as of the Grant Date, Restricted Stock Units representing
                     shares of Company Stock (the “Grant”) under the Susquehanna Bancshares, Inc. Amended and Restated 2005 Equity
Compensation Plan (the “Plan”). Each Restricted Stock Unit represents the right to receive one share of Company Stock on the date determined in accordance with this Agreement and the Plan; provided, however, that in the event of any
conflict between the terms of this Agreement and the Plan with respect to the vesting and payment terms applicable to this Grant, the terms of this Agreement shall govern in all cases notwithstanding any contrary provision in the Plan. The Grantee
hereby acknowledges the receipt of a copy of the official prospectus for the Plan. Copies of the Plan and the official Plan prospectus are available on the Company’s intranet site at http://webone/FormsAndProcedures/HumanResources/Human
Resources Forms and Procedures or by contacting the Company’s Human Resources Department at 717-625-6716. 
 2.
TARP Regulations. This Agreement is intended to comply with the TARP Regulations. Notwithstanding anything in this Agreement to the contrary, this Agreement and all payments, grants, awards or other forms of compensation provided for
in this Agreement (collectively, the “Payments”) shall be subject to all applicable laws, regulations, restrictions, or governmental guidance that become applicable in connection with the Company’s participation in TARP under the EESA
and the ARRA, or any similar program of the United States government, any of its states, or any of their respective political subdivisions, departments, agencies or instrumentalities, and the Company reserves the right to modify the Payments and
this Agreement as necessary to conform to any restrictions imposed under those laws, regulations, restrictions, or governmental guidance, including the TARP Regulations. Furthermore, as a condition of the Grantee’s receiving this Grant,
the Grantee agrees to any modifications as the Company may deem necessary or appropriate to comply with the TARP Regulations that may be imposed by the Company on any compensation and/or benefit plans, programs, agreements or other arrangements by
and between the Company and the Grantee or in which the Grantee participates, and agrees to sign such waivers, acknowledgments or amendments as may be requested by the Company from time to time. 
 3. Vesting. 
 (a) The Restricted Stock Units shall vest in full on the first to occur of the following dates; provided the Grantee continues to be employed by, or provide service to, the Company through the applicable date: (i) the second
anniversary of the Grant Date; (ii) the Grantee’s death; (iii) the Grantee’s Disability; (iv) the effective date of a Change in Control Event; or (v) the date determined in accordance with the provisions of
Section 3(b) below (the applicable date is referred to as, the “Vesting Date”). 

 (b) Notwithstanding (a) above, the Grantee’s Employment Agreement with the Company
sets forth certain terms and conditions under which the Grantee’s equity or equity-based awards from the Company, including this Grant, may vest on an accelerated basis in the event the Grantee ceases to be employed by, or provide service to,
the Company under various specified circumstances. The terms and provisions of the Employment Agreement (including any conditions, restrictions or limitations governing the accelerated vesting of the Restricted Stock Units as they apply to this
Grant) are hereby incorporated by reference into this Agreement and shall have the same force and effect as if expressly set forth in this Agreement. However, no such accelerated vesting shall occur if such accelerated vesting is prohibited by the
terms of Section 2 of this Agreement. 
 (c) If a Change in Control Event occurs while the Grantee is employed by, or
providing service to, the Company, the Restricted Stock Units subject to this Grant at the time of the Change in Control Event will vest immediately prior to the closing of the Change in Control Event. The shares subject to vested Restricted Stock
Units shall be converted into the right to receive the same consideration per share of Company Stock payable to the other shareholders of the Company upon the consummation of the Change in Control Event and such consideration shall be distributed to
the Grantee within fifteen (15) business days following the effective date of the Change in Control Event, or on such later Repayment Date necessary to comply with the TARP Regulations. 
 (d) If the Grantee ceases to be employed by, or provide service to, the Company for any reason prior to vesting in one or more Restricted
Stock Units subject to this Grant, then the Grant will be immediately cancelled with respect to those unvested Restricted Stock Units, and the number of Restricted Stock Units will be reduced accordingly. The Grantee shall thereupon cease to have
any right or entitlement to receive any shares with respect to those cancelled Restricted Stock Units. If the Grantee ceases to be employed by, or provide service to, the Company on account of a termination by the Company for Cause, then this Grant
will be immediately cancelled with respect to all the Restricted Stock Units subject to such Grant, whether vested or unvested at the time, and the Grantee shall thereupon cease to have any right or entitlement to receive any shares under this Grant
and the cancelled Restricted Stock Units. 
 4. Issuance Schedule. Shares with respect to the Restricted Stock
Units in which the Grantee vests in accordance with the Section 3 will become issuable on the later of (a) the Vesting Date and (b) the Repayment Date (as defined below), determined in accordance with the TARP Regulations, pursuant to
which: 
 (i) Shares with respect to 25% of the vested Restricted Stock Units shall become issuable on the date as of which 25%
of the TARP Funds have been repaid to Treasury; 
 (ii) Shares with respect to an additional 25% of the vested Restricted Stock
Units shall become issuable on the date as of which 50% of the TARP Funds have been repaid to Treasury; 
 (iii) Shares with
respect to an additional 25% of the vested Restricted Stock Units shall become issuable on the date as of which 75% of the TARP Funds have been repaid to Treasury; and 

 (iv) Shares with respect to the remaining vested Restricted Stock Units shall become
issuable on the date as of which 100% of the TARP Funds have been repaid to Treasury. 
 Each date specified in (i) through (iv) as of
which the specified percentage of TARP Funds have been repaid shall be referred to herein as a “Repayment Date.” The Grantee need not be employed by the Company on a Repayment Date to receive shares with respect to vested Restricted Stock
Units. The actual issuance of the shares of Company Stock shall be effected on the applicable Vesting Date or Repayment Date, or as soon as administratively practicable thereafter. In no event shall such issuance occur later than the later of
(A) the end of the short term deferral period identified in Treas. Reg. 1.409A-1(b)(4) and (B) the first date on which the issuance is permissible under the TARP Regulations and the applicable terms of the letter agreement dated
November 14, 2008 between the Company and the Treasury. 
 5. Limited Transferability. Prior to actual
receipt of the shares with respect to the Restricted Stock Units which vest and become issuable hereunder, the Grantee may not transfer any interest in the Grant or the underlying shares. Any Restricted Stock Units which vest hereunder but which
otherwise remain unissued at the time of the Grantee’s death may be transferred pursuant to the provisions of the Grantee’s will or the laws of inheritance or to the Grantee’s designated beneficiary or beneficiaries of this Grant.

 6. Shareholder Rights and Dividend Equivalents 
 (a) The holder of this Grant shall not have any shareholder rights, including voting or dividend rights, with respect to the shares subject
to the Grant until the Grantee becomes the record holder of those shares upon their actual issuance following the Company’s collection of the applicable Withholding Taxes. 
 (b) Notwithstanding the foregoing, if any dividend or other distribution, whether regular or extraordinary and whether payable in cash,
securities or other property (other than shares of Company Stock), is declared and paid on the outstanding Company Stock prior to the issuance of shares with respect to the Restricted Stock Units subject to this Grant (i.e., those shares are not
otherwise issued and outstanding for purposes of entitlement to the dividend or distribution), then a special book account shall be established for the Grantee and credited with a phantom dividend equal to the actual dividend or distribution which
would have been paid on the Restricted Stock Units subject to this Grant had shares been issued with respect to such Restricted Stock Units and been outstanding and entitled to that dividend or distribution. The phantom dividend equivalents so
credited shall vest at the same time as the Restricted Stock Units to which they relate and shall be distributed to the Grantee (in the same form the actual dividend or distribution was paid to the holders of the Company Stock entitled to that
dividend or distribution or in such other form as the Plan Administrator deems appropriate) concurrently with the issuance of shares with respect to such Restricted Stock Units on the applicable Vesting Date or Repayment Date. 
 7. Grant Subject to Plan Provisions. This Grant is made pursuant to the Plan, the terms of which are incorporated herein by
reference, and in all respects shall be interpreted in accordance with the Plan. This Grant is subject to interpretations, regulations and determinations concerning the Plan established from time to time by the Committee in accordance with the
provisions of the Plan, including, but not limited to, provisions pertaining to

 
(a) the registration, qualification or listing of the shares, (b) changes in capitalization of the Company and (c) other requirements of applicable law. The Committee shall have the
authority to interpret and construe this Grant pursuant to the terms of the Plan, and its decisions shall be conclusive as to any questions arising hereunder. 
 8. Collection of Withholding Taxes. 
 (a) The Company shall collect
the employee portion of the FICA taxes (Social Security and Medicare) with respect to the Restricted Stock Units at the time those Restricted Stock Units vest hereunder. The FICA taxes shall be based on the Fair Market Value of the shares underlying
the Restricted Stock Units on the Vesting Date. The Company shall also collect the employee portion of the FICA taxes with respect to any phantom dividends at the time those phantom dividends vest hereunder. The FICA taxes shall be based on the cash
amount and the fair market value of any other property underlying the phantom dividends on the Vesting Date. Unless the Grantee delivers a separate check payable to the Company in the amount of the FICA taxes required to be withheld from the
Grantee, the Company shall withhold those taxes from the Grantee’s wages. However, if the Grantee is at the time an executive officer of the Company, then such withholding taxes must be collected from the Grantee through delivery of his or her
separate check not later than the Vesting Date. 
 (b) The Company shall collect the federal, state and local income taxes
required to be withheld with respect to the distribution of the phantom dividend equivalents to the Grantee by withholding a portion of that distribution equal to the amount of those taxes, with the cash portion of the distribution to be the first
portion so withheld. Until such time as the Company provides the Grantee with notice to the contrary, the Company shall collect the federal, state and local income taxes required to be withheld with respect to the issuance of the shares underlying
the Restricted Stock Units that vest hereunder through an automatic share withholding procedure pursuant to which the Company will withhold, at the time of such issuance, a portion of the shares with a Fair Market Value (measured as of the issuance
date) equal to the amount of those taxes (the “Share Withholding Method”); provided, however, that the amount of any shares so withheld shall not exceed the amount necessary to satisfy the Company’s required tax
withholding obligations using the minimum statutory withholding rates for federal and state tax purposes that are applicable to supplemental taxable income. The Grantee shall be notified in writing in the event such Share Withholding Method is no
longer available. 
 (c) If any shares are distributed at a time the Share Withholding Method is not available, then the
federal, state and local income taxes required to be withheld with respect to those shares shall be collected from the Grantee through either of the following alternatives: 
 - the Grantee’s delivery of his or her separate check payable to the Company in the amount of such Withholding Taxes, or

 - the use of the proceeds from a next-day sale of the shares issued to the Grantee, provided and only if
(i) such a sale is permissible under the Company’s trading policies governing the sale of Company Stock, (ii) the Grantee makes an irrevocable commitment, on or before the Vesting Date or the Repayment Date (as

 
applicable) for those shares, to effect such sale of the shares and (iii) the transaction is not otherwise deemed to involve a prohibited loan under Section 402 of the Sarbanes-Oxley
Act of 2002. 
 (d) If any other amounts become distributable to the Grantee in consideration for the shares underlying the
Restricted Stock Units, then the federal, state and local income taxes required to be withheld with respect to those amounts shall be collected from the Grantee pursuant to such procedures as the Company deems appropriate under the circumstances,
including (without limitation) the Grantee’s delivery of his or her separate check payable to the Company in the amount of such Withholding Taxes. 
 (e) Except as otherwise provided in Sections 3(c) and 6(b), the settlement of all Restricted Stock Units which vest under the Grant shall be made solely in shares of Company Stock. In no event, however,
shall any fractional shares be issued. Accordingly, the total number of shares of Company Stock to be issued pursuant to the Grant shall, to the extent necessary, be rounded down to the next whole share in order to avoid the issuance of a fractional
share. 
 9. Compliance with Laws and Regulations. The issuance of shares of Company Stock pursuant to the Grant
shall be subject to compliance by the Company and the Grantee with all applicable requirements of law relating thereto and with all applicable regulations of any stock exchange on which the Company Stock may be listed for trading at the time of such
issuance. 
 10. Section 409A of the Code. It is the intention of the parties that the provisions of this
Agreement comply with the requirements of the short-term deferral exception of Section 409A of the Code and Treasury Regulations Section 1.409A-1(b)(4). Accordingly, to the extent there is any ambiguity as to whether one or more provisions
of this Agreement would otherwise contravene the requirements or limitations of Code Section 409A applicable to such short-term deferral exception, then those provisions shall be interpreted and applied in a manner that does not result in a
violation of the requirements or limitations of Code Section 409A and the Treasury Regulations thereunder that apply to such exception. 
 11. Notices. Any notice required to be given or delivered to the Company under the terms of this Agreement shall be in writing and addressed to the Company at its principal corporate
offices. Any notice required to be given or delivered to the Grantee shall be in writing and addressed to the Grantee at the address indicated below the Grantee’s signature line on this Agreement. All notices shall be deemed effective upon
personal delivery or upon deposit in the U.S. mail, postage prepaid and properly addressed to the party to be notified. 
 12.
Successors and Assigns. Except to the extent otherwise provided in this Agreement, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the Company and its successors and assigns and the Grantee, the
Grantee’s assigns, the legal representatives, heirs and legatees of the Grantee’s estate and any beneficiaries of the Grant designated by the Grantee. 
 13. Construction. This Agreement and the Grant evidenced hereby are made and granted pursuant to the Plan and are in all respects limited by and subject to the terms of the

 
Plan. All decisions of the Plan Administrator with respect to any question or issue arising under the Plan or this Agreement shall be conclusive and binding on all persons having an interest in
the Grant. 
 14. Governing Law. The interpretation, performance and enforcement of this Agreement shall be
governed by the laws of the Commonwealth of Pennsylvania without resort to that State’s conflict-of-laws rules. 
 15.
Employment At Will. Nothing in this Agreement or in the Plan shall confer upon the Grantee any right to continue to be employed by, or provide service to, the Company for any period of specific duration or interfere with or otherwise
restrict in any way the rights of the Company (or any parent or subsidiary employing or retaining the Grantee) or of the Grantee, which rights are hereby expressly reserved by each, to terminate the Grantee’s employment or service with the
Company at any time for any reason, with or without Cause. 
 [SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year
first indicated above. 
  

			
	SUSQUEHANNA BANCSHARES, INC.
		
	 By:
	 	  

		
	 Title:
	 	  

	
	GRANTEE
		
	 Signature:
	 	  

		
	 Address:
	 	  

		
		 	  

 APPENDIX A 
 DEFINITIONS 
 The following definitions shall be in effect
under this Agreement: 
 A. Change in Control Event shall mean the effective date of a change in control event,
within the meaning assigned to such term in Treas. Reg. 1.280G-1, Q&A-27 through Q&A-29. 
 B.
Disability shall mean the inability of the Grantee to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment expected to result in death or to be of continuous duration of
twelve (12) months or more. The determination of whether the Grantee has become Disabled shall be made by the Committee based upon such medical or other evidence as it may deem necessary and appropriate, and such determination shall be
conclusive and binding upon the Grantee. 
 C. Restricted Stock Unit shall mean each unit subject to the Grant
which shall entitle the Grantee to receive one share of Company Stock under the Plan at a designated time following the vesting and issuance of the unit in accordance with the terms of this Agreement. 
 D. Withholding Taxes shall mean (i) the employee portion of the federal, state and local employment taxes required to be
withheld by the Company in connection with the vesting of the shares of Company Stock under the Grant and any phantom dividend equivalents relating to those shares and (ii) the federal, state and local income taxes required to be withheld by
the Company in connection with the issuance of those vested shares and the distribution of any phantom dividend equivalents relating to such shares. 
  

 A-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00166-of-00352.parquet"}]]