Document:

Exhibit 10.2

 Exhibit 10.2

AMENDMENT NO. 4-A

AMENDMENT NO. 4-A (this “Amendment 4-A”), dated as of June 7, 2010, to that certain
Credit Agreement, dated as of February 24, 2005, as amended, supplemented and in effect from time
to time (the “Credit Agreement”; capitalized terms used herein and not defined shall have
the meanings set forth in the Credit Agreement), among SELECT MEDICAL HOLDINGS CORPORATION
(“Holdings”), SELECT MEDICAL CORPORATION (the “Borrower”), JPMORGAN CHASE BANK,
N.A., as Administrative Agent and Collateral Agent (the “Administrative Agent” and the
“Collateral Agent,” respectively), WACHOVIA BANK, NATIONAL ASSOCIATION, as Syndication
Agent, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED and CIBC INC., as Co-Documentation
Agents, and the several banks and other financial institutions from time to time party thereto as
lenders (the “Lenders”).

W I T N E S S E T H:

WHEREAS, Section 9.02 of the Credit Agreement permits the Credit Agreement to be amended from
time to time;

NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:

SECTION ONE. Amendments.

(a) Section 6.08(b) is hereby amended by deleting the word “and” at the end of subclause (ii)
thereof, deleting the period at the end of subclause (iii) thereof and replacing it with “; and”
and adding the following subclause (iv) at the end thereof:

“(iv) refinancings of Indebtedness to the extent the Indebtedness
being incurred in connection with such refinancing is permitted by
Section 6.01.”

SECTION TWO. Conditions to Effectiveness. This Amendment 4-A shall become effective
as of the date (the “Effective Date”) when, and only when, (a) the Administrative Agent
shall have received counterparts of this Amendment 4-A executed by the Borrower and the Required
Lenders and (b) the Borrower shall have paid to the Administrative Agent for the account of each
Lender that has returned an executed signature page to this Amendment 4-A to the Administrative
Agent at or prior to 12:00 noon, New York City time on June 4, 2010 (the “Consent
Deadline”) a fee equal to 0.10% of the sum of (x) of the Tranche B Term Loans or Tranche B-1
Term Loans, if any, of such Lender at the Consent Deadline and (y) the Revolving Commitment or
Extended Revolving Commitment, if any, of such Lender at the Consent Deadline. The effectiveness
of this Amendment 4-A (other than
Sections Five, Six and Seven hereof) is conditioned upon the accuracy of the representations
and warranties set forth in Section Three hereof.

 

 

 

SECTION THREE. Representations and Warranties. In order to induce the Lenders and the
Administrative Agent to enter into this Amendment 4-A, the Borrower represents and warrants to each
of the Lenders and the Administrative Agent that, after giving effect to this Amendment 4-A, and
both before and after giving effect to the transactions contemplated by this Amendment 4-A

(a) no Default or Event of Default has occurred and is continuing;

(b) the entry into this Amendment 4-A by (x) Holdings and (y) the Borrower has been
duly authorized by all necessary corporate or other action of each such entity; and

(c) each of the representations and warranties made by each of the Loan Parties in or
pursuant to the Loan Documents are true and correct in all material respects on and as of
the date hereof as if made on the date hereof (or, if any such representation or warranty is
expressly stated to have been made as of a specific date, as of such specific date).

SECTION FOUR. Reference to and Effect on the Loan Documents. On and after the
Effective Date, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof”
or words of like import referring the Credit Agreement, and each reference in the Notes and each of
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 4-A. The Credit Agreement, the Notes and each of the other Loan
Documents, as specifically amended by this Amendment 4-A, are and shall continue to be in full
force and effect. The execution, delivery and effectiveness of this Amendment 4-A shall not,
except as expressly provided herein, operate as a waiver of any right, power or remedy of any
Lender or any Agent under any of the Loan Documents, nor constitute a waiver of any provision of
any of the Loan Documents.

SECTION FIVE. Costs, Expenses and Taxes. The Borrower agrees to pay all reasonable
out-of-pocket expenses incurred by the Administrative Agent in connection with the preparation,
execution and delivery of this Amendment 4-A and the other instruments and documents to be
delivered hereunder, if any (including, without limitation, the reasonable fees, charges and
disbursements of Cahill Gordon & Reindel llp, counsel to the Lenders) in accordance with
the terms of Section 9.03 of the Credit Agreement.

SECTION SIX. Execution in Counterparts. This Amendment 4-A may be executed in
counterparts (and by different parties hereto on different counterparts), each of
which shall constitute an original, but all of which when taken together shall constitute a
single contract. Delivery of an executed counterpart of a signature page to this Amendment 4-A by
telecopy or other electronic transmission shall be effective as delivery of a manually executed
counterpart of this Amendment 4-A.

SECTION SEVEN. Governing Law. THIS AMENDMENT 4-A AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES UNDER THIS AMENDMENT 4-A SHALL BE CONSTRUED AND GOVERNED BY, IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK.

[Signature Pages Follow]

 

-2-

 

	 	 	 	 	 
	 	SELECT MEDICAL CORPORATION, as the Borrower

 	 
	 	By:  	/s/ Martin F. Jackson 
 	 
	 	 	Name:  	Martin F. Jackson  	 
	 	 	Title:  	Executive Vice President & CFO  	 
	 
	 	SELECT MEDICAL HOLDINGS CORPORATION

 	 
	 	By:  	/s/ Martin F. Jackson 
 	 
	 	 	Name:  	Martin F. Jackson  	 
	 	 	Title:  	Executive Vice President & CFO  	 

 

S-1 

 

	 	 	 	 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

 	 
	 	By:  	/s/ Dawn L. LeeLum
 	 
	 	 	Name:  	Dawn L. LeeLum  	 
	 	 	Title:  	Executive Director 	 

 

S-2 

 

	 	 	 	 	 

	 	 	 	 	 
	 	AIRLIE CLO 2006-II LTD., as Lender

 	 
	 	By:  	/s/  Seth Cameron
 	 
	 	 	Name:  	Seth Cameron 	 
	 	 	Title:  	Portfolio Manager
Airlie CLO 2006-II Ltd. 	 

 

S-3 

 

	 	 	 	 	 

	 	 	 	 	 
	 	LANDMARK III CDO LIMITED

By: Aladdin Capital Management LLC, as Lender

 	 
	 	By:  	/s/ Thomas E. Bancroft
 	 
	 	 	Name:  	Thomas E. Bancroft 	 
	 	 	Title:  	Designated Signatory 	 
	 
	 	LANDMARK IV CDO LIMITED

By: Aladdin Capital Management LLC, as Lender

 	 
	 	By:  	/s/ Thomas E. Bancroft
 	 
	 	 	Name:  	Thomas E. Bancroft 	 
	 	 	Title:  	Designated Signatory 	 
	 
	 	LANDMARK VI CDO LTD

By: Aladdin Capital Management LLC, as Lender

 	 
	 	By:  	/s/ Thomas E. Bancroft
 	 
	 	 	Name:  	Thomas E. Bancroft 	 
	 	 	Title:  	Designated Signatory 	 
	 
	 	LANDMARK VIII CDO LTD

By: Aladdin Capital Management LLC, as Lender

 	 
	 	By:  	/s/ Thomas E. Bancroft
 	 
	 	 	Name:  	Thomas E. Bancroft 	 
	 	 	Title:  	Designated Signatory 	 
	 
	 	LANDMARK IX CDO LTD

By: Aladdin Capital Management LLC, as Lender

 	 
	 	By:  	/s/ Thomas E. Bancroft
 	 
	 	 	Name:  	Thomas E. Bancroft 	 
	 	 	Title:  	Designated Signatory 	 

 

S-4 

 

	 	 	 	 	 

	 	 	 	 	 
	 	GREYROCK CDO LTD

By: Aladdin Capital Management LLC, as Lender

 	 
	 	By:  	/s/ Thomas E. Bancroft
 	 
	 	 	Name:  	Thomas E. Bancroft 	 
	 	 	Title:  	Designated Signatory 	 
	 
	 	ALADDIN FLEXIBLE INVESTMENT FUND SPC FOR ACCOUNT OF SERIES 2008-01

By: Aladdin Capital Management LLC, as Lender

 	 
	 	By:  	/s/ Thomas E. Bancroft
 	 
	 	 	Name:  	Thomas E. Bancroft 	 
	 	 	Title:  	Designated Signatory 	 
	 
	 	ALADDIN FLEXIBLE INVESTMENT FUND SPC FOR ACCOUNT OF SERIES 2008-02

By: Aladdin Capital Management LLC, as Lender

 	 
	 	By:  	/s/ Thomas E. Bancroft
 	 
	 	 	Name:  	Thomas E. Bancroft 	 
	 	 	Title:  	Designated Signatory 	 

 

S-5 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BABSON CLO LTD. 2004-I

BABSON CLO LTD. 2005-I

BABSON CLO LTD. 2005-II

BABSON CLO LTD. 2005-III

BABSON CLO LTD. 2006-II

BABSON CLO LTD. 2007-I

BABSON CLO LTD. 2008-I

BABSON LOAN OPPORTUNITY CLO LTD.

SAPPHIRE VALLEY CDO I, LTD.

SUFFIELD CLO, LIMITED, as Lenders

By: Babson Capital Management LLC as Collateral Manager

 	 
	 	By:  	/s/ Arthur McMahon
 	 
	 	 	Name:  	Arthur McMahon 	 
	 	 	Title:  	Director 	 
	 
	 	MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY

C.M. LIFE INSURANCE COMPANY

By: Babson Capital Management LLC as Investment Advisor

 	 
	 	By:  	/s/ Arthur McMahon
 	 
	 	 	Name:  	Arthur McMahon 	 
	 	 	Title:  	Director 	 
	 
	 	MAPLEWOOD (CAYMAN) LIMITED

By: Babson Capital Management LLC as Investment Manager

 	 
	 	By:  	/s/ Arthur McMahon
 	 
	 	 	Name:  	Arthur McMahon 	 
	 	 	Title:  	Director 	 
	 

 

S-6 

 

	 	 	 	 	 
	 	VINACASA CLO, LTD.

By: Babson Capital Management LLC as

Collateral Services

 	 
	 	By:  	/s/ Arthur McMahon
 	 
	 	 	Name:  	Arthur McMahon 	 
	 	 	Title:  	Director 	 

 

S-7 

 

	 	 	 	 	 

	 	 	 	 	 
	 	MERRILL LYNCH CAPITAL CORPORATION, as Lender

 	 
	 	By:  	/s/ Kaia Updike
 	 
	 	 	Name:  	Kaia Updike 	 
	 	 	Title:  	Vice President 	 

 

S-8 

 

	 	 	 	 	 

	 	 	 	 	 
	 	LONGHORN CDO (CAYMAN) LTD., as Lender

 	 
	 	By:  	/s/ Adrian Marshall
 	 
	 	 	Name:  	Adrian Marshall 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-9 

 

	 	 	 	 	 

	 	 	 	 	 
	 	INWOOD PARK CDO LTD., as Lender

By: Blackstone Debt Advisors L.P., as Collateral Manager

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-10 

 

	 	 	 	 	 

	 	 	 	 	 
	 	LAFAYETTE SQUARE CDO LTD., as Lender

By: Blackstone Debt Advisors L.P.

as Collateral Manager

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-11 

 

	 	 	 	 	 

	 	 	 	 	 
	 	LOAN FUNDING VI LLC

for itself or as agent for Corporate Loan Funding VI LLC, as Lender

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-12 

 

	 	 	 	 	 

	 	 	 	 	 
	 	MONUMENT PARK CDO LTD.

By: Blackstone Debt Advisors L.P. as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-13 

 

	 	 	 	 	 

	 	 	 	 	 
	 	PROSPECT PARK CDO LTD.

By: Blackstone Debt Advisors L.P. as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-14 

 

	 	 	 	 	 

	 	 	 	 	 
	 	UNION SQUARE CDO LTD.

By: Blackstone Debt Advisors L.P. as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-15 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CALLIDUS DEBT PARTNERS CLO FUND II, LTD.

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-16 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CALLIDUS DEBT PARTNERS CLO FUND III, LTD.

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-17 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CALLIDUS DEBT PARTNERS CLO FUND IV, LTD.

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-18 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CALLIDUS DEBT PARTNERS CLO FUND V, LTD.

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-19 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CALLIDUS DEBT PARTNERS CLO FUND VI, LTD.

By: GSO / Blackstone Debt Funds Management LLC as

Collateral Manager, as Lender

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-20 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CALLIDUS DEBT PARTNERS CLO FUND VII, LTD.

By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Daniel H. Smith
 	 
	 	 	Name:  	Daniel H. Smith 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-21 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BLUEMOUNTAIN CLO II LTD.

By: Bluemountain Capital Management, LLC

its Collateral Manager, as Lender

 	 
	 	By:  	/s/ Michael Abatemarco
 	 
	 	 	Name:  	Michael Abatemarco 	 
	 	 	Title:  	Associate 	 

 

S-22 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BLUEMOUNTAIN CLO LTD.

By: Bluemountain Capital Management, LLC

its Collateral Manager, as Lender

 	 
	 	By:  	/s/ Michael Abatemarco
 	 
	 	 	Name:  	Michael Abatemarco 	 
	 	 	Title:  	Associate 	 

 

S-23 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BATTALION CLO 2007-I, LTD.

By: Brigade Capital Management, LLC as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Ben Z. Pollack
 	 
	 	 	Name:  	Ben Z. Pollack 	 
	 	 	Title:  	Associate 	 

 

S-24 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BROWN UNIVERSITY/BRIGADE

By: Brigade Capital Management, LLC as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Ben Z. Pollack
 	 
	 	 	Name:  	Ben Z. Pollack 	 
	 	 	Title:  	Associate 	 

 

S-25 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BRIGADE CREDIT FUND I, LTD.

By: Brigade Capital Management, LLC as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Ben Z. Pollack
 	 
	 	 	Name:  	Ben Z. Pollack 	 
	 	 	Title:  	Associate 	 

 

S-26 

 

	 	 	 	 	 

	 	 	 	 	 
	 	Brigade Credit Fund II, LTD.

By: Brigade Capital Management, LLC as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Ben Z. Pollack
 	 
	 	 	Name:  	Ben Z. Pollack 	 
	 	 	Title:  	Associate 	 

 

S-27 

 

	 	 	 	 	 

	 	 	 	 	 
	 	OCA BRIGADE CREDIT FUND, LLC

By: Brigade Capital Management, LLC as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Ben Z. Pollack
 	 
	 	 	Name:  	Ben Z. Pollack 	 
	 	 	Title:  	Associate 	 

 

S-28 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CARLYLE CREDIT PARTNERS FINANCING I, LTD., as Lender

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 

 

S-29 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CARLYLE HIGH YIELD PARTNERS 2008-1, LTD., as Lender

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 

 

S-30 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CARLYLE HIGH YIELD PARTNERS X, LTD., as Lender

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 

 

S-31 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CARLYLE HIGH YIELD PARTNERS IX, LTD., as Lender

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 

 

S-32 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CARLYLE HIGH YIELD PARTNERS VIII, LTD., as Lender

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 

 

S-33 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CARLYLE HIGH YIELD PARTNERS VII, LTD., as Lender

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 

 

S-34 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CARLYLE HIGH YIELD PARTNERS VI, LTD., as Lender

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 

 

S-35 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CARLYLE HIGH YIELD PARTNERS IV, LTD., as Lender

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 

 

S-36 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CIBC INC., as Lender

 	 
	 	By:  	/s/ Caroline Adams
 	 
	 	 	Name:  	Caroline Adams 	 
	 	 	Title:  	Agent 	 

 

S-37 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE CIT GROUP / EQUIPMENT FINANCING, INC., 
as Lender
 	 
	 	By:  	/s/ Terrence Sullivan
 	 
	 	 	Name:  	Terrence Sullivan 	 
	 	 	Title:  	Managing Director 	 

 

S-38 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CIT MIDDLE MARKET LOAN TRUST III, as Lender

 	 
	 	By:  	/s/ Roger M. Burns
 	 
	 	 	Name:  	Roger M. Burns 	 
	 	 	Title:  	President
CIT Asset Management 	 

 

S-39 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CITIZENS BANK OF PENNSYLVANIA, as Lender

 	 
	 	By:  	/s/ Carol Castle
 	 
	 	 	Name:  	Carol Castle 	 
	 	 	Title:  	Senior Vice President 	 

 

S-40 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CSAM FUNDING IV, as Lender

 	 
	 	By:  	/s/ Thomas Flannery
 	 
	 	 	Name:  	Thomas Flannery 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-41 

 

	 	 	 	 	 

	 	 	 	 	 
	 	MADISON PARK FUNDING, as Lender

 	 
	 	By:  	/s/ Thomas Flannery
 	 
	 	 	Name:  	Thomas Flannery 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-42 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BIG SKY III SENIOR LOAN TRUST

By: Eaton Vance Management as Investment Advisor, as Lender

 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-43 

 

	 	 	 	 	 

	 	 	 	 	 
	 	EATON VANCE CDO VIII, LTD.

By: Eaton Vance Management as Investment Advisor, as Lender

 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-44 

 

	 	 	 	 	 

	 	 	 	 	 
	 	EATON VANCE CDO IX, LTD.

By: Eaton Vance Management as Investment Advisor, as Lender

 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-45 

 

	 	 	 	 	 

	 	 	 	 	 
	 	EATON VANCE SENIOR FLOATING-RATE TRUST

By: Eaton Vance Management as Investment Advisor, as Lender

 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-46 

 

	 	 	 	 	 

	 	 	 	 	 
	 	EATON VANCE FLOATING-RATE INCOME TRUST

By: Eaton Vance Management as Investment Advisor, as Lender

 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-47 

 

	 	 	 	 	 

	 	 	 	 	 
	 	Eaton Vance Medallion Floating-Rate Income Portfolio

By: Eaton Vance Management as Investment Advisor, as Lender

 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-48 

 

	 	 	 	 	 
	 	EATON VANCE SENIOR INCOME TRUST
 	 
	 	By: Eaton Vance Management as Investment Advisor, as Lender
 	 
	 	 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-49

 

	 	 	 	 	 
	 	EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND
 	 
	 	By: Eaton Vance Management as Investment Advisor, as Lender	 
	 	 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-50

 

	 	 	 	 	 
	 	EATON VANCE INSTITUTIONAL SENIOR LOAN FUND
 	 
	 	By: Eaton Vance Management as Investment Advisor, as Lender
 	 
	 	 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-51

 

	 	 	 	 	 
	 	EATON VANCE LIMITED DURATION INCOME FUND
 	 
	 	By: Eaton Vance Management as Investment Advisor, as Lender
 	 
	 	 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-52

 

	 	 	 	 	 
	 	GRAYSON & CO

Grayson Management And Research as
 Investment Advisor, as Lender

 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-53

 

	 	 	 	 	 
	 	MET INVESTORS SERIES TRUST

MET/EATON VANCE FLOATING RATE PORTFOLIO

 	 
	 	By: Eaton Vance Management as Investment
 Sub-Advisor, as Lender
 	 
	 	 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-54

 

	 	 	 	 	 
	 	PACIFIC SELECT FUND

FLOATING RATE LOAN PORTFOLIO
 	 
	 	By: Eaton Vance Management as Investment
 Sub-Advisor, as Lender
 	 
	 	 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-55

 

	 	 	 	 	 
	 	RIVERSOURCE VARIABLE SERIES TRUST 
VARIABLE PORTFOLIO

Eaton Vance Floating Rate Income Fund
 	 
	 	By: Eaton Vance Management as Investment Sub-Advisor, 
as Lender
 	 
	 	 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-56

 

	 	 	 	 	 
	 	SENIOR DEBT PORTFOLIO
 	 
	 	By: Boston Management and Research as 
Investment Advisor, as Lender
 	 
	 	 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-57

 

	 	 	 	 	 
	 	EATON VANCE VT FLOATING-RATE INCOME FUND
 	 
	 	 By: Eaton Vance Management as Investment Advisor, as Lender
 	 
	 	 	 
	 	By:  	/s/ Michael B. Botthof
 	 
	 	 	Name:  	Michael B. Botthof 	 
	 	 	Title:  	Vice President 	 

 

S-58

 

	 	 	 	 	 
	 	FIRST TRUST/FOUR CORNERS SENIOR

FLOATING RATE INCOME FUND II
 	 
	 	By: Four Corners Capital Management, LLC as 
Sub-Adviser,
 as Lender
 	 
	 	 	 
	 	By:  	/s/ Drew R. Sweeney
 	 
	 	 	Name:  	Drew R. Sweeney 	 
	 	 	Title:  	Sr. Vice President 	 

 

S-59

 

	 	 	 	 	 
	 	FIRST TRUST/FOUR CORNERS SENIOR

FLOATING RATE INCOME FUND
 	 
	 	By: Four Corners Capital Management, LLC as 

Sub-Adviser, as Lender
 	 
	 	 	 
	 	By:  	/s/ Drew R. Sweeney
 	 
	 	 	Name:  	Drew R. Sweeney 	 
	 	 	Title:  	Sr. Vice President

	 

 

S-60

 

	 	 	 	 	 
	 	FOUNTAIN COURT MASTER FUND
 	 
	 	By: Macquarie Funds Group
 	 
	 	FKA Four Corners Capital Management, LLC as Collateral Manager, as Lender
 	 
	 
	 	By:  	/s/ Drew R. Sweeney
 	 
	 	 	Name:  	Drew R. Sweeney 	 
	 	 	Title:  	Sr. Vice President 	 

 

S-61

 

	 	 	 	 	 
	 	FOUR CORNERS CLO 2005-I, LTD.
 	 
	 	By: Four Corners Capital Management, LLC as Collateral Manager, as Lender
 	 
	 	 	 
	 	By:  	/s/ Drew R. Sweeney
 	 
	 	 	Name:  	Drew R. Sweeney 	 
	 	 	Title:  	Sr. Vice President 	 

 

S-62

 

	 	 	 	 	 
	 	FOUR CORNERS CLO II, LTD., as Lender
 	 
	 
	 	By:  	/s/ Matthew Garvis
 	 
	 	 	Name:  	Matthew Garvis 	 
	 	 	Title:  	Vice President 	 

 

S-63

 

	 	 	 	 	 
	 	FOUR CORNERS CLO III, LTD.
 	 
	 	By: Macquarie Funds Group
 	 
	 	FKA Four Corners Capital Management, LLC as Collateral Manager, as Lender
 	 
	 
	 	By:  	/s/ Drew R. Sweeney
 	 
	 	 	Name:  	Drew R. Sweeney 	 
	 	 	Title:  	Sr. Vice President 	 

 

S-64

 

	 	 	 	 	 
	 	MACQUARIE/FIRST TRUST GLOBAL

INFRASTRUCTURE/UTILITIES

DIVIDEND & INCOME FUND
 	 
	 	By: Four Corners Capital Management, LLC as 

Sub-Adviser, as Lender
 	 
	 	 	 
	 	By:  	/s/ Drew R. Sweeney
 	 
	 	 	Name:  	Drew R. Sweeney 	 
	 	 	Title:  	Sr. Vice President 	 

 

S-65

 

	 	 	 	 	 
	 	OW FUNDING LIMITED
 	 
	 	By: Four Corners Capital Management, LLC as Collateral Manager, as Lender
 	 
	 	 	 
	 	By:  	/s/ Drew R. Sweeney
 	 
	 	 	Name:  	Drew R. Sweeney 	 
	 	 	Title:  	Sr. Vice President 	 

 

S-66

 

	 	 	 	 	 
	 	SHIPROCK FINANCE, SPC, acting on behalf of and for the account of SF-3
Segregated Portfolio, as Lender

 	 
	 	By:  	/s/ Matthew Garvis
 	 
	 	 	Name:  	Matthew Garvis 	 
	 	 	Title:  	Vice President 	 

 

S-67

 

	 	 	 	 	 
	 	SFR, LTD.
 	 
	 	By: Four Corners Capital Management, LLC as Collateral Manager, as Lender
 	 
	 	 	 
	 	By:  	/s/ Drew R. Sweeney
 	 
	 	 	Name:  	Drew R. Sweeney 	 
	 	 	Title:  	Sr. Vice President 	 

 

S-68

 

	 	 	 	 	 
	 	COA TEMPUS CLO LTD., as Lender
 	 
	 	By: FS COA Management, as Portfolio Manager
 	 
	 	 	 
	 	By:  	/s/ David Nadeau
 	 
	 	 	Name:  	David Nadeau 	 
	 	 	Title:  	Manager 	 

 

S-69

 

	 	 	 	 	 
	 	FRASER SULLIVAN CLO I LTD., as Lender
 	 
	 	By: Fraser Sullivan Investment Management, LLC, as Collateral Manager
 	 
	 	 	 
	 	By:  	/s/ David Nadeau
 	 
	 	 	Name:  	David Nadeau 	 
	 	 	Title:  	Manager 	 

 

S-70

 

	 	 	 	 	 
	 	FRASER SULLIVAN CLO II LTD., as Lender
 	 
	 	By: Fraser Sullivan Investment Management, LLC, as Collateral Manager
 	 
	 	 	 
	 	By:  	/s/ David Nadeau
 	 
	 	 	Name:  	David Nadeau 	 
	 	 	Title:  	Manager 	 

 

S-71

 

	 	 	 	 	 
	 	CREDIT OPPORTUNITY ASSOCIATES II LP, as Lender
 	 
	 	By: FSW Partners, LLC, as Portfolio Manager
 	 
	 	 	 
	 	By:  	/s/ David Nadeau
 	 
	 	 	Name:  	David Nadeau 	 
	 	 	Title:  	Manager 	 

 

S-72

 

	 	 	 	 	 
	 	NCM FSIM 2008-1 LLC, as Lender

 	 
	 	By:  	/s/ Sean Cheramie
 	 
	 	 	Name:  	Sean Cheramie 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-73

 

	 	 	 	 	 
	 	GENERAL ELECTRIC CAPITAL CORPORATION, as Lender

 	 
	 	By:  	/s/ Milan Patel
 	 
	 	 	Name:  	Milan Patel 	 
	 	 	Title:  	Duly Authorized Signatory 	 

 

S-74

 

	 	 	 	 	 
	 	GOLDMAN SACHS CREDIT PARTNERS LP, as Lender

 	 
	 	By:  	/s/ Lauren Day
 	 
	 	 	Name:  	Lauren Day 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-75

 

	 	 	 	 	 
	 	GREEN LANE CLO LTD., as Lender
 	 
	 	By: Guggenheim Investment Management, LLC as Collateral Manager
 	 
	 	 	 
	 	By:  	/s/ Kaitlin Trinh
 	 
	 	 	Name:  	Kaitlin Trinh 	 
	 	 	Title:  	Director 	 

 

S-76

 

	 	 	 	 	 
	 	1888 FUND, LTD., as Lender
 	 
	 	By: Guggenheim Investment Management, LLC as Collateral Manager
 	 
	 	 	 
	 	By:  	/s/ Kaitlin Trinh
 	 
	 	 	Name:  	Kaitlin Trinh 	 
	 	 	Title:  	Director 	 

 

S-77

 

	 	 	 	 	 
	 	COPPER RIVER CLO LTD., as Lender
 	 
	 	By: Guggenheim Investment Management, LLC as Collateral Manager
 	 
	 	 	 
	 	By:  	/s/ Kaitlin Trinh
 	 
	 	 	Name:  	Kaitlin Trinh 	 
	 	 	Title:  	Director 	 

 

S-78

 

	 	 	 	 	 
	 	CLC LEVERAGED LOAN TRUST, as Lender
 	 
	 	By: Challenger Life Nominees PTY Limited as Trustee
 	 
	 	By: Guggenheim Investment Management, LLC as Manager
 	 
	 	 	 
	 	By:  	/s/ Kaitlin Trinh
 	 
	 	 	Name:  	Kaitlin Trinh 	 
	 	 	Title:  	Director 	 

 

S-79

 

	 	 	 	 	 
	 	KENNECOTT FUNDING LTD., as Lender

By: Guggenheim Investment Management, LLC

as Collateral Manager

 	 
	 	By:  	/s/ Kaitlin Trinh
 	 
	 	 	Name:  	Kaitlin Trinh 	 
	 	 	Title:  	Director 	 

 

S-80

 

	 	 	 	 	 

	 	 	 	 	 
	 	SANDS POINT FUNDING LTD., as Lender

By: Guggenheim Investment Management, LLC

as Collateral Manager

 	 
	 	By:  	/s/ Kaitlin Trinh
 	 
	 	 	Name:  	Kaitlin Trinh 	 
	 	 	Title:  	Director 	 

 

S-81

 

	 	 	 	 	 

	 	 	 	 	 
	 	HAMILTON FLOATING RATE FUND, LLC, as Lender

 	 
	 	By:  	/s/ Sean D. Most
 	 
	 	 	Name:  	Sean D. Most 	 
	 	 	Title:  	Senior Associate 	 

 

S-82

 

	 	 	 	 	 

	 	 	 	 	 
	 	GULF STREAM-COMPASS CLO 2002-1, LTD

By: Gulf Stream Asset Management LLC as Collateral Manager

GULF STREAM-COMPASS CLO 2003-1, LTD

By: Gulf Stream Asset Management LLC as Collateral Manager

GULF STREAM-COMPASS CLO 2004-1, LTD

By: Gulf Stream Asset Management LLC as Collateral Manager

GULF STREAM-COMPASS CLO 2005-1, LTD

By: Gulf Stream Asset Management LLC as Collateral Manager

GULF STREAM-COMPASS CLO 2005-II, LTD

By: Gulf Stream Asset Management LLC as Collateral Manager

GULF STREAM-SEXTANT CLO 2006-1, LTD

By: Gulf Stream Asset Management LLC as Collateral Manager

GULF STREAM-RASHINBAN CLO 2006-1, LTD

By: Gulf Stream Asset Management LLC as Collateral Manager

GULF STREAM-SEXTANT CLO 2007-1, LTD

By: Gulf Stream Asset Management LLC as Collateral Manager,

as Lender

 	 
	 	By:  	/s/ Barry K. Love
 	 
	 	 	Name:  	Barry K. Love 	 
	 	 	Title:  	Chief Credit Officer 	 

 

S-83

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE HARTFORD MUTUAL FUNDS, INC., on behalf of The Hartford Floating Rate Fund

By: Hartford Investment Management Company, its Sub-advisor

 	 
	 	By:  	/s/ Illegible
 	 
	 	 	Name:  	Illegible 	 
	 	 	Title:  	Senior Vice President 	 

 

S-84

 

	 	 	 	 	 

	 	 	 	 	 
	 	STEDMAN LOAN FUND II, LTD., as Lender

 	 
	 	By:  	/s/ Matthew Garvis
 	 
	 	 	Name:  	Matthew Garvis 	 
	 	 	Title:  	Vice President 	 

 

S-85

 

	 	 	 	 	 

	 	 	 	 	 
	 	ARMSTRONG LOAN FUNDING, LTD.

By: Highland Capital Management, L.P., as Collateral Manager

By: Strand Advisors, Inc., Its General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-86

 

	 	 	 	 	 

	 	 	 	 	 
	 	GLENEAGLES CLO, LTD.

By: Highland Capital Management, L.P. as Collateral Manager

By: Strand Advisors, Inc., It General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-87

 

	 	 	 	 	 

	 	 	 	 	 
	 	GRAYSON CLO, LTD.

By: Highland Capital Management, L.P. as Collateral Manager

By: Strand Advisors, Inc. its General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-88

 

	 	 	 	 	 

	 	 	 	 	 
	 	GREENBRIAR CLO, LTD.

By: Highland Capital Management, L.P. as Collateral Manager

By: Strand Advisors, Inc. its General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-89

 

	 	 	 	 	 

	 	 	 	 	 
	 	HIGHLAND LEGACY LIMITED

By: Highland Capital Management, L.P. as Collateral Manager

By: Strand Advisors, Inc. its General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-90

 

	 	 	 	 	 

	 	 	 	 	 
	 	JASPER CLO, LTD.

By: Highland Capital Management, L.P. as Collateral Manager

By: Strand Advisors, Inc. its General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-91

 

	 	 	 	 	 

	 	 	 	 	 
	 	LIBERTY CLO, LTD.

By: Highland Capital Management, L.P. as Collateral Manager

By: Strand Advisors, Inc. its General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-92

 

	 	 	 	 	 

	 	 	 	 	 
	 	LOAN FUNDING VII LLC

By: Highland Capital Management, L.P., as Collateral Manager

By: Strand Advisors, Inc. its General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-93

 

	 	 	 	 	 
	 	RED RIVER CLO, LTD.

By: Highland Capital Management, L.P. as Collateral Manager

By: Strand Advisors, Inc. its General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-94

 

	 	 	 	 	 

	 	 	 	 	 
	 	ROCKWALL CLO II LTD.

By: Highland Capital Management, L.P. as Collateral Manager

By: Strand Advisors, Inc. its General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-95

 

	 	 	 	 	 

	 	 	 	 	 
	 	SOUTHFORK CLO, LTD.

By: Highland Capital Management, L.P. as Collateral Manager

By: Strand Advisors, Inc. its General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-96

 

	 	 	 	 	 

	 	 	 	 	 
	 	STRAFFORD CLO, LTD.

By: Highland Capital Management, L.P. as Collateral Manager

By: Strand Advisors, Inc. its General Partner, as Lender

 	 
	 	By:  	/s/ Jason Post
 	 
	 	 	Name:  	Jason Post 	 
	 	 	Title:  	Operations Director 	 

 

S-97

 

	 	 	 	 	 

	 	 	 	 	 
	 	ING CAPITAL LLC, as Lender

 	 
	 	By:  	/s/ Mike Garvin
 	 
	 	 	Name:  	Mike Garvin 	 
	 	 	Title:  	Managing Director 	 

 

S-98

 

	 	 	 	 	 

	 	 	 	 	 
	 	ATLANTIS FUNDING LTD.

By: INVESCO Senior Secured Management, Inc. as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-99

 

	 	 	 	 	 

	 	 	 	 	 
	 	BLT 2009-1 LTD.

By: INVESCO Senior Secured Management, Inc. as Collateral Manager, as Lender

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-100

 

	 	 	 	 	 

	 	 	 	 	 
	 	KATONAH VIII CLO LTD, as Lender

 	 
	 	By:  	/s/ Daniel Gilligan
 	 
	 	 	Name:  	Daniel Gilligan 	 
	 	 	Title:  	Authorized Officer
Katonah Debt Advisors, L.L.C.
As Manager 	 

 

S-101

 

	 	 	 	 	 
	 	Golden Knight II CLO, Ltd., as Lender

 	 
	 	By:  	/s/ Illegible
 	 
	 	 	Name:  	Illegible 	 
	 	 	Title:  	Portfolio Manager
	 
	 	 	 
	 	LORD ABBETT & CO. LLC

AS COLLATERAL MANAGER 	 

 

S-102

 

	 	 	 	 	 

	 	 	 	 	 
	 	LORD ABBETT FLOATING RATE FUND, as Lender

 	 
	 	By:  	/s/ Illegible
 	 
	 	 	Name:  	Illegible 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-103

 

	 	 	 	 	 

	 	 	 	 	 
	 	CASPIN SELECT CREDIT MASTER FUND LTD, as Lender

 	 
	 	By:  	/s/ Dana Corleto
 	 
	 	 	Name:  	Dana Corleto 	 
	 	 	Title:  	Principal 	 

 

S-104

 

	 	 	 	 	 

	 	 	 	 	 
	 	MARLBOROUGH STREET CLO, LTD., By its Collateral Manager, Massachusetts

Financial Services Company, as Lender

 	 
	 	By:  	/s/ Illegible
 	 
	 	 	Name:  	Illegible 	 
	 	 	Title:  	As authorized representative and
not individually 	 

 

S-105

 

	 	 	 	 	 

	 	 	 	 	 
	 	JERSEY STREET CLO, LTD.,
 By its Collateral Manager, Massachusetts Financial

Services Company, as Lender

 	 
	 	By:  	/s/ Illegible
 	 
	 	 	Name:  	Illegible 	 
	 	 	Title:  	As authorized representative and
not individually 	 

 

S-106

 

	 	 	 	 	 

	 	 	 	 	 
	 	METLIFE BANK, N.A., as Lender

 	 
	 	By:  	/s/ Matthew J. McInerny
 	 
	 	 	Name:  	Matthew J. McInerny 	 
	 	 	Title:  	Assistant Vice President 	 

 

S-107

 

	 	 	 	 	 

	 	 	 	 	 
	 	METROPOLITAN LIFE INSURANCE COMPANY, as Lender

 	 
	 	By:  	/s/ Matthew J. McInerny
 	 
	 	 	Name:  	Matthew J. McInerny 	 
	 	 	Title:  	Director 	 

 

S-108

 

	 	 	 	 	 

	 	 	 	 	 
	 	METLIFE INSURANCE COMPANY OF CONNECTICUT, as Lender

 	 
	 	By:  	/s/ Matthew J. McInemy
 	 
	 	 	Name:  	Matthew J. McInerny 	 
	 	 	Title:  	Director 	 

 

S-109

 

	 	 	 	 	 

	 	 	 	 	 
	 	INVESCO PRIME INCOME TRUST

Invesco Prime Income Trust

By: Invesco Senior Secured Management, Inc., as Sub-Adviser, as Lender

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-110

 

	 	 	 	 	 

	 	 	 	 	 
	 	INVESCO VAN KAMPEN SENIOR INCOME TRUST

Invesco Van Kampen Senior Income Trust

By: Invesco Senior Secured Management, Inc., as Sub-Adviser, as Lender

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-111

 

	 	 	 	 	 

	 	 	 	 	 
	 	INVESCO VAN KAMPEN SENIOR LOAN TRUST

Invesco Van Kampen Senior Loan Fund

By: Invesco Senior Secured Management, Inc., as Sub-Adviser, as Lender

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-112

 

	 	 	 	 	 

	 	 	 	 	 
	 	CLYDESDALE CLO 2003 LTD., as Lender

Nomura Corporate Research And Asset Management Inc. as Collateral Manager

 	 
	 	By:  	/s/ Richard W. Stewart
 	 
	 	 	Name:  	Richard W. Stewart 	 
	 	 	Title:  	Managing Director 	 

 

S-113

 

	 	 	 	 	 

	 	 	 	 	 
	 	NCRAM SENIOR LOAN TRUST 2005, as Lender

Nomura Corporate Research And Asset Management Inc. as Investment Adviser

 	 
	 	By:  	/s/ Richard W. Stewart
 	 
	 	 	Name:  	Richard W. Stewart 	 
	 	 	Title:  	Managing Director 	 

 

S-114

 

	 	 	 	 	 

	 	 	 	 	 
	 	CLYDESDALE CLO 2004 LTD., as Lender

Nomura Corporate Research And Asset Management Inc. as Investment Manager

 	 
	 	By:  	/s/ Richard W. Stewart
 	 
	 	 	Name:  	Richard W. Stewart 	 
	 	 	Title:  	Managing Director 	 

 

S-115

 

	 	 	 	 	 

	 	 	 	 	 
	 	CLYDESDALE STRATEGIC CLO I, LTD., as Lender

Nomura Corporate Research And Asset Management Inc. as Investment Manager

 	 
	 	By:  	/s/ Richard W. Stewart
 	 
	 	 	Name:  	Richard W. Stewart 	 
	 	 	Title:  	Managing Director 	 

 

S-116

 

	 	 	 	 	 

	 	 	 	 	 
	 	NOMURA BOND & LOAN FUND, as Lender

By: Mitsubishi UFJ Trust & Banking Corporation as Trustee

By: Nomura Corporate Research & Asset Management Inc. Attorney in Fact

 	 
	 	By:  	/s/ Richard W. Stewart
 	 
	 	 	Name:  	Richard W. Stewart 	 
	 	 	Title:  	Managing Director 	 

 

S-117

 

	 	 	 	 	 

	 	 	 	 	 
	 	OPPENHEIMER MASTER LOAN FUND, LLC, as Lender

 	 
	 	By:  	/s/ Paul Snogren
 	 
	 	 	Name:  	Paul Snogren 	 
	 	 	Title:  	Assistant Vice President 	 

 

S-118

 

	 	 	 	 	 
	 	GENESIS CLO 2007-1 LTD., as Lender
 	 
	 	By:  	Ore Hill Partners LLC as Collateral Manager
 	 
	 	 	 
	 	By:  	   /s/ Claude A. Baum, Esq.
 	 
	 	 	Name:  	Claude A. Baum, Esq. 	 
	 	 	Title:  	General Counsel
Ore Hill Partners LLC 	 

 

S-119

 

	 	 	 	 	 
	 	VIRTUS SENIOR FLOATING RATE FUND, as Lender

 	 
	 	By:  	/s/ Illegible
 	 
	 	 	Name:  	Illegible 	 
	 	 	Title:  	 	 

 

S-120

 

	 	 	 	 	 
	 	VIRTUS MULTI-SECTOR FIXED INCOME FUND, as Lender

 	 
	 	By:  	/s/ Illegible.
 	 
	 	 	Name:  	Illegible 	 
	 	 	Title:  	 	 

 

S-121

 

	 	 	 	 	 
	 	VIRTUS MULTI SECTOR SHORT TERM BOND FUND, as Lender

 	 
	 	By:  	/s/ Illegible
 	 
	 	 	Name:  	Illegible 	 
	 	 	Title:  	 	 

 

S-122

 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION, as Lender

 	 
	 	By:  	/s/ Marie T. Boyer
 	 
	 	 	Name:  	Marie T. Boyer 	 
	 	 	Title:  	Senior Vice President 	 

 

S-123

 

	 	 	 	 	 
	 	PPM SHADOW CREEK FUNDING LLC, as Lender

 	 
	 	By:  	/s/ Stacy Lai
 	 
	 	 	Name:  	Stacy Lai 	 
	 	 	Title:  	Assistant Vice President 	 

 

S-124

 

	 	 	 	 	 
	 	PPM MONARCH BAY FUNDING LLC, as Lender

 	 
	 	By:  	/s/  Stacy Lai
 	 
	 	 	Name:  	Stacy Lai 	 
	 	 	Title:  	Assistant Vice President 	 

 

S-125

 

	 	 	 	 	 
	 	SERVES 2006-1 LTD., as Lender

 	 
	 	By:  	/s/  David C. Wagner
 	 
	 	 	PPM America, Inc., as Collateral Manager 	 
	 	 	Name: 
Title:  	  David C. Wagner

Managing Director 	 

 

S-126

 

	 	 	 	 	 
	 	PPM GRAYHAWK CLO, LTD, as Lender

 	 
	 	By:  	/s/  David C. Wagner
 	 
	 	 	PPM America, Inc., as Collateral Manager 	 
	 	 	Name: 
Title:  	  David C. Wagner

Managing Director 	 

 

S-127

 

	 	 	 	 	 
	 	[DRYDEN XVI — LEVERAGED LOAN CDO 2006], as Lender

 	 
	 	By:  	/s/  Stephen J. Collins
 	 
	 	 	Name:  	Stephen J. Collins 	 
	 	 	Title:  	Vice President

Prudential Investment
Management Inc., 
as Collateral
Manager 	 

 

S-128

 

	 	 	 	 	 
	 	[FERRY STREET I LLC], as Lender

 	 
	 	By:  	/s/  Stephen J. Collins
 	 
	 	 	Name:  	Stephen J. Collins 	 
	 	 	Title:  	Vice President

Prudential Investment
Management Inc.,
 as Collateral
Manager 	 

 

S-129

 

	 	 	 	 	 
	 	VT HIGH YIELD — HIGH YIELD, as Lender

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-130

 

	 	 	 	 	 
	 	PUTNAM VARIABLE TRUST — PVT HIGH YIELD FUND

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-131

 

	 	 	 	 	 
	 	HIGH YIELD TRUST — CORE, as Lender

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-132

 

	 	 	 	 	 
	 	PUTNAM HIGH YIELD TRUST

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-133

 

	 	 	 	 	 
	 	PUTNAM FLOATING RATE INCOME FUND, as Lender

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-134

 

	 	 	 	 	 
	 	PUTNAM FLOATING RATE INCOME FUND

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-135

 

	 	 	 	 	 
	 	HIGH YIELD ADVANTAGE — CORE, as Lender

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-136

 

	 	 	 	 	 
	 	PUTNAM HIGH YIELD ADVANTAGE FUND

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-137

 

	 	 	 	 	 
	 	PUTNAM DIT (CAYMAN) — FIXED INCOME, as Lender

 	 
	 	By:  	/s/  Angela Patel
 	 
	 	 	Name:  	Angela Patel 	 
	 	 	Title:  	Vice President 	 

 

S-138

 

	 	 	 	 	 
	 	PUTNAM DIVERSIFIED INCOME TRUST

(CAYMAN) MASTER FUND 	 
	 	By:  	The Putnam Advisory Company, LLC
 	 
	 	 	 
	 	By:  	/s/  Angela Patel
 	 
	 	 	Name:  	Angela Patel 	 
	 	 	Title:  	Vice President 	 

 

S-139

 

	 	 	 	 	 
	 	PREMIER INCOME TRUST — GOVERNMENT, as Lender

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-140

 

	 	 	 	 	 
	 	PUTNAM PREMIER INCOME TRUST

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-141

 

	 	 	 	 	 
	 	MASTER INTERMEDIATE TRUST — GOVERNMENT, as Lender

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-142

 

	 	 	 	 	 
	 	PUTNAM MASTER INTERMEDIATE INCOME TRUST

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-143

 

	 	 	 	 	 
	 	DIVERSIFIED INCOME — GOVERNMENT, as Lender

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-144

 

	 	 	 	 	 
	 	PUTNAM DIVERSIFIED INCOME TRUST

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-145

 

	 	 	 	 	 
	 	VT DIVERSIFIED INCOME TRUST — GOVT, as Lender

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-146

 

	 	 	 	 	 
	 	PUTNAM VARIABLE TRUST — PVT

 DIVERSIFIED INCOME FUND

 	 
	 	By:  	/s/  Beth Mazor
 	 
	 	 	Name:  	Beth Mazor 	 
	 	 	Title:  	Vice President 	 

 

S-147

 

	 	 	 	 	 
	 	IG PUTNAM U.S. HIGH YIELD INCOME FUND, as Lender

 	 
	 	By:  	/s/  Suzanne Deshaies
 	 
	 	 	Name:  	Susan Deshaies 	 
	 	 	Title:  	Vice President 	 

 

S-148

 

	 	 	 	 	 
	 	THE PUTNAM ADVISORY COMPANY, LLC ON BEHALF OF IG PUTNAM HIGH YIELD INCOME FUND

 	 
	 	By:  	/s/  Suzanne Deshaies
 	 
	 	 	Name:  	Susan Deshaies 	 
	 	 	Title:  	Vice President 	 

 

S-149

 

	 	 	 	 	 
	 	RAYMOND JAMES BANK, FSB, as Lender

 	 
	 	By:  	/s/  Kathy Bennett
 	 
	 	 	Name:  	Kathy Bennett 	 
	 	 	Title:  	Vice President 	 

 

S-150

 

	 	 	 	 	 
	 	CENT CDO XI LIMITED
 	 
	 	 By: Columbia Management Investment  Advisers, LLC,
 FKA RiverSource Investments, LLC, as Lender 
 	 
	 	 	 
	 	By:  	/s/  Robin C. Stancil
 	 
	 	 	Name:  	Robin C. Stancil 	 
	 	 	Title:  	Director of Operations 	 

 

S-151

 

	 	 	 	 	 

	 	 	 	 	 
	 	CENT CDO 12 LIMITED
 	 
	 	By: Columbia Management Investment Advisers, LLC, FKA RiverSource Investments,  LLC, as Lender 
 	 
	 	 	 
	 	By:  	/s/  Robin C. Stancil
 	 
	 	 	Name:  	Robin C. Stancil 	 
	 	 	Title:  	Director of Operations 	 

 

S-152

 

	 	 	 	 	 
	 	CENTURION CDO 9 LIMITED
 	 
	 	By: Columbia Management Investment Advisers, LLC, FKA RiverSource Investments, LLC, as Lender 
 	 
	 	 	 
	 	By:  	/s/  Robin C. Stancil
 	 
	 	 	Name:  	Robin C. Stancil 	 
	 	 	Title:  	Director of Operations 	 

 

S-153

 

	 	 	 	 	 

	 	 	 	 	 
	 	MUNICIPAL EMPLOYEES’ ANNUITY AND BENEFIT FUND OF CHICAGO (SYMPHONY)
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-154

 

	 	 	 	 	 

	 	 	 	 	 
	 	NUVEEN FLOATING RATE INCOME FUND
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-155

 

	 	 	 	 	 
	 	NUVEEN FLOATING RATE INCOME OPPORTUNITY FUND
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-156

 

	 	 	 	 	 
	 	NUVEEN MULTI-STRATEGY INCOME AND GROWTH FUND
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-157

 

	 	 	 	 	 
	 	NUVEEN MULTI-STRATEGY INCOME AND GROWTH FUND 2
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-158

 

	 	 	 	 	 
	 	NUVEEN SENIOR INCOME FUND
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-159

 

	 	 	 	 	 
	 	SYMPHONY CLO I, LTD.
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-160

 

	 	 	 	 	 
	 	SYMPHONY CLO II, LTD.
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-161

 

	 	 	 	 	 
	 	SYMPHONY CLO III, LTD.
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-162

 

	 	 	 	 	 
	 	SYMPHONY CLO IV, LTD.
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-163

 

	 	 	 	 	 
	 	SYMPHONY CLO V, LTD.
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-164

 

	 	 	 	 	 
	 	SYMPHONY CLO VI, LTD.
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-165

 

	 	 	 	 	 
	 	SYMPHONY CREDIT PARTNERS I, LTD.
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-166

 

	 	 	 	 	 
	 	SYMPHONY CREDIT OPPORTUNITIES FUND, LTD.
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-167

 

	 	 	 	 	 
	 	SYMPHONY CREDIT PARTNERS II, LTD.
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-168

 

	 	 	 	 	 
	 	SYMPHONY CREDIT PARTNERS III, LTD.
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-169

 

	 	 	 	 	 
	 	SYMPHONY CREDIT PARTNERS MASTER FUND, L.P.
 	 
	 	By:  	Symphony Asset Management LLC, as Lender
 	 
	 	 	 
	 	By:  	/s/  James Kim
 	 
	 	 	Name:  	James Kim 	 
	 	 	Title:  	Portfolio Manager 	 

 

S-170

 

	 	 	 	 	 
	 	THRIVENT FINANCIAL FOR LUTHERANS, as Lender

 	 
	 	By:  	/s/  Conrad Smith
 	 
	 	 	Name:  	Conrad Smith 	 
	 	 	Title:  	Senior Portfolio Manager 	 

 

S-171

 

	 	 	 	 	 
	 	UBS AG STAMFORD BRANCH, as Lender

 	 
	 	By:  	/s/  Joselin Fernandes
 	 
	 	 	Name:  	Joselin Fernandes 	 
	 	 	Title:  	Associate Director
Banking Products Services, US 	 
	 	 	 
	 	By:  	/s/  Christopher Gomes
 	 
	 	 	Name:  	Christopher Gomes 	 
	 	 	Title:  	Associate Director
Banking Products Services, US 	 

 

S-172

 

	 	 	 	 	 
	 	GALLATIN CLO II 2005-1 LTD,
as Lender

 	 
	 	By:  	/s/  Anthony Stark
 	 
	 	  	By: UrsaMine Credit Advisors LLC as it’s Collateral Manager 
 	 
	 	 	Name: 
Title:  	 Anthony Stark

Senior Vice-President 	 

 

S-173

 

	 	 	 	 	 

	 	 	 	 	 
	 	GALLATIN CLO III 2007-1 LTD,

as Lender

 	 
	 	By:  	/s/  Anthony Stark
 	 
	 	  	By: UrsaMine Credit Advisors LLC as it’s Collateral Manager 
 	 
	 	 	Name: 
Title:  	  Anthony Stark

Senior Vice-President 	 

 

S-174

 

	 	 	 	 	 
	 	GRAYSTON CLO II 2004-1 LTD,

as Lender

 	 
	 	By:  	/s/  Anthony Stark
 	 
	 	  	By: UrsaMine Credit Advisors LLC as it’s Collateral Manager 
 	 
	 	 	Name: 
Title:  	  Anthony Stark

Senior Vice-President 	 

 

S-175

 

	 	 	 	 	 

	 	 	 	 	 
	 	1776 CLO I, LTD., as Lender

 	 
	 	By:  	/s/  Jim Reilly
 	 
	 	 	Name:  	Jim Reilly 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-176

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A., successor by
merger to Wachovia Bank, National Association, as Lender

 	 
	 	By:  	/s/  Kent S. Davis
 	 
	 	 	Name:  	Kent S. Davis 	 
	 	 	Title:  	Managing Director 	 

 

S-177

 

	 	 	 	 	 
	 	FOOTHILL CLO I, LTD., as Lender
 	 
	 	By:  	The Foothill Group, Inc. as attorney in fact
 	 
	 	 	 
	 	By:  	/s/  Jeff Nikora
 	 
	 	 	Name:  	Jeff Nikora 	 
	 	 	Title:  	Executive Vice President 	 

 

S-178

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE FOOTHILL GROUP, LLC, as Lender

 	 
	 	By:  	/s/  Jeff Nikora
 	 
	 	 	Name:  	Jeff Nikora 	 
	 	 	Title:  	Executive Vice President 	 

 

S-179

 

	 	 	 	 	 
	 	NATIONWIDE LIFE INSURANCE COMPANY, as Lender

 	 
	 	By:  	/s/  Ronald R. Serpico
 	 
	 	 	Name:  	Ronald R. Serpico 	 
	 	 	Title:  	Authorized Signatory 	 

 

S-180exv10w1

Exhibit 10.1

EMPLOYMENT AGREEMENT

     This EMPLOYMENT AGREEMENT is entered into as of this 9th day of August, 2010 by and among
Graphic Packaging International, Inc., a Delaware corporation (“Employer”), Graphic Packaging
Holding Company, a Delaware corporation (“GPHC”) and Philip H. Geminder II (“Executive”).

W I T N E S S E T H :

     WHEREAS, Employer desires to employ Executive on the terms and conditions set forth herein;

     WHEREAS, Executive desires to accept such employment on the terms and conditions set forth
herein;

     WHEREAS, each of Employer, GPHC and Executive agrees that Executive will have a prominent role
in the management of the business, and the development of the goodwill, of Employer and its
Affiliates (as defined below) and will establish and develop relations and contacts with the
principal customers and suppliers of Employer and its Affiliates in the United States and the rest
of the world, all of which constitute valuable goodwill of, and could be used by Executive to
compete unfairly with, Employer and its Affiliates;

     WHEREAS, (i) in the course of his/her employment with Employer, Executive will obtain
confidential and proprietary information and trade secrets concerning the business and operations
of Employer and its Affiliates in the United States and the rest of the world that could be used to
compete unfairly with Employer and its Affiliates; (ii) the covenants and restrictions
contained in Sections 8 through 13, inclusive, are intended to protect the legitimate interests of
Employer and its Affiliates in their respective goodwill, trade secrets and other confidential and
proprietary information; and (iii) Executive desires to be bound by such covenants and
restrictions;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants and promises
contained herein and for other good and valuable consideration, Employer, GPHC and Executive hereby
agree as follows:

     1. Agreement to Employ. Upon the terms and subject to the conditions of this
Agreement, Employer hereby employs Executive, and Executive hereby accepts employment by Employer.

     2. Term; Position and Responsibilities.

     (a) Term of Employment. Unless Executive’s employment shall sooner terminate
pursuant to Section 7, Employer shall employ Executive for a one year term effective July 1, 2010
(the “Initial Term”). Effective upon the expiration of the Initial Term and of each Additional Term
(as defined below), Executive’s employment hereunder shall be deemed to be automatically extended,
upon the same terms and conditions, for an additional period of one year (each, an “Additional
Term”), in each such case, commencing upon the expiration of the Initial Term or the then current
Additional Term, as the case may be. The period during which

 

 

Executive is employed pursuant to this Agreement, including any extension thereof in
accordance with the preceding sentence, shall be referred to as the “Employment Period”.

     (b) Position and Responsibilities. During the Employment Period, Executive shall
serve as Vice President, Graphic Business Systems of Employer and have such duties and
responsibilities as are customarily assigned to individuals serving in such position and such other
duties consistent with Executive’s title and position as the Board of Directors of Employer
(“Employer’s Board”) specifies from time to time. Executive shall devote all of his/her skill,
knowledge and working time to the conscientious performance of the duties and responsibilities of
such position, except for (i) vacation time as set forth in Section 6(c) and absence for
sickness or similar disability and (ii) to the extent that it does not interfere with the
performance of Executive’s duties hereunder, (A) such reasonable time as may be devoted to
service on boards of directors of other corporations and entities, subject to the provisions of
Section 9, and the fulfillment of civic responsibilities and (B) such reasonable time as
may be necessary from time to time for personal matters. If so elected or designated by the
respective shareholders thereof, Executive shall serve as a member of the Boards of Directors of
GPHC, Employer and their respective Affiliates during the Employment Period without additional
compensation.

     3. Base Salary. As compensation for the services to be performed by Executive during
the Employment Period, Employer shall pay Executive a base salary at an annualized rate of
$250,000, which will increase to $270,000 effective January 1, 2011, payable in installments on
Employer’s regular payroll dates. Effective January 1, 2011, this annual salary reflects an
increase in lieu of the perquisite allowance previously provided to Executives of Employer.
Employer’s Board shall review Executive’s base salary annually during the Employment Period and, in
its sole discretion, Employer’s Board may increase (but may not decrease except as provided in
Section 7(d)) such base salary from time to time based upon the performance of Executive, the
financial condition of Employer, prevailing industry salary levels and such other factors as
Employer’s Board shall consider relevant. (The annual base salary payable to Executive under this
Section 3, as the same may be increased from time to time and without regard to any reduction
therefrom in accordance with the next sentence, shall hereinafter be referred to as the “Base
Salary”.) The Base Salary payable under this Section 3 shall be reduced to the extent that
Executive elects to defer such Base Salary under the terms of any deferred compensation, savings
plan or other voluntary deferral arrangement that may be maintained or established by Employer.

     4. Incentive Compensation Arrangements. During the Employment Period, Executive
shall participate in Employer’s incentive compensation programs for its senior executives existing
from time to time, at a level commensurate with his/her position and duties with Employer and based
on such performance targets as may be established from time to time by Employer’s Board or a
committee thereof. For calendar year 2010, Executive’s aggregate annual target bonus opportunity
shall be 50% of Base Salary, prorated for the Base Salary earned pursuant to this Agreement in
2010.

     5. Employee Benefits. During the Employment Period, employee benefits, including
life, medical, dental, accidental death and dismemberment, business travel accident, prescription
drug and disability insurance, shall be provided to Executive in accordance with the programs of
Employer then available to its senior executives, as the same may be amended and in effect from
time to time. During the Employment Period, Executive shall also be entitled to participate in all

2

 

of Employer’s profit-sharing, pension, retirement, deferred compensation, and savings plans,
as the same may be amended and in effect from time to time, applicable to senior executives of
Employer. The benefits referred to in this Section 5 shall be provided to Executive on a basis
that is commensurate with Executive’s position and duties with Employer hereunder and that is no
less favorable than that of similarly situated employees of Employer.

     6. Expenses and Vacation.

     (a) Business Travel, Lodging, etc. Employer shall reimburse Executive for reasonable
travel, lodging, meal and other reasonable expenses incurred by him/her in connection with his/her
performance of services hereunder upon submission of evidence, satisfactory to Employer, of the
incurrence and purpose of each such expense and otherwise in accordance with Employer’s business
travel reimbursement policy applicable to its senior executives as in effect from time to time.

     (b) Vacation. During the Employment Period, Executive shall be entitled to five
weeks of paid vacation on an annualized basis, without carryover accumulation.

     7. Termination of Employment.

     (a) Termination Due to Death or Disability. In the event that Executive’s employment
hereunder terminates due to death or is terminated by Employer due to Executive’s Disability (as
defined below), no termination benefits shall be payable to or in respect of Executive except as
provided in Section 7(g). For purposes of this Agreement, “Disability” shall mean a physical or
mental disability that prevents or would prevent the performance by Executive of his/her duties
hereunder for a continuous period of six months or longer. The determination of Executive’s
Disability shall (i) be made by an independent physician who is reasonably acceptable to
Employer and Executive (or his/her representative), (ii) be final and binding on the
parties hereto and (iii) be based on such competent medical evidence as shall be presented
to such independent physician by Executive and/or Employer or by any physician or group of
physicians or other competent medical experts employed by Executive and/or Employer to advise such
independent physician.

     (b) Termination by Employer for Cause. Executive may be terminated for cause by
Employer for (i) the willful failure of Executive substantially to perform his/her duties
hereunder (other than any such failure due to Executive’s physical or mental illness) or other
willful and material breach by Executive of any of his/her obligations hereunder, after a written
demand for substantial performance has been delivered, and a reasonable opportunity to cure has
been given, to Executive by Employer’s Board, which demand identifies in reasonable detail the
manner in which Employer’s Board believes that Executive has not substantially performed his/her
duties or has breached his/her obligations, (ii) Executive’s engaging in willful and
serious misconduct that has caused or is reasonably expected to result in material injury to
Employer or any of its Affiliates, (iii) Executive’s conviction of, or entering a plea of
guilty or nolo contendere to, a crime that constitutes a felony, or (iv)
Executive’s material violation of the requirements of federal or state securities law, rule or
regulation, in cases involving fraud or deceit, or violation of Employer’s insider trading policy.
Any item of conduct in the previous sentence shall constitute “Cause.” Executive’s conduct need not
result in monetary or financial loss to constitute Cause. Executive shall be permitted to attend a
meeting of Employer’s Board within

3

 

30 days after delivery to him/her of a Notice of Termination (as defined below) pursuant to
this Section 7(b) to explain why he/she should not be terminated for Cause and, if following any
such explanation by Executive, Employer’s Board determines that Employer does not have Cause to
terminate Executive’s employment, any such prior Notice of Termination delivered to Executive shall
thereupon be withdrawn and of no further force or effect.

     (c) Termination Without Cause. A termination “Without Cause” shall mean a termination
of employment by Employer other than pursuant to Section 7(a) or Section 7(b).

     (d) Termination by Executive. Executive may terminate his/her employment for any
reason. A termination of employment by Executive for “Good Reason” shall mean a termination by
Executive of his/her employment with Employer within 30 days following the occurrence, without
Executive’s consent, of any of the following events: (i) the assignment to Executive of
duties that represent a substantial diminution of the duties that he/she is to assume on the date
hereof, (ii) a reduction in the rate of Executive’s Base Salary, unless the reduction does
not exceed ten percent (10%) and is applied uniformly percentage-wise to all similarly situated
executives, (iii) a material breach by Employer of any of its obligations hereunder,
including the failure of Employer to obtain the assumption of this Agreement by any Successor (as
defined below) to Employer as contemplated by Section 14 or (iv) except in cases where
Employer is promoting Executive, the relocation of Executive’s primary office to a location more
than 50 miles from the location of Executive’s primary office on the date hereof. A termination by
Executive shall not constitute termination for Good Reason unless (x) Executive shall first have
delivered to Employer written notice setting forth with specificity the occurrence deemed to give
rise to a right to terminate for Good Reason (which notice must be given no later than 30 days
after the initial occurrence of such event), (y) there shall have passed a reasonable time (not
less than 30 days) within which Employer may take action to correct, rescind or otherwise
substantially reverse the occurrence supporting termination for Good Reason as identified by
Executive, and (z) Executive’s Separation from Service (as defined below) occurs not later than two
years following the initial existence of one or more of the conditions giving rise to Good Reason.
Good Reason shall not include Executive’s death or Disability.

     (e) Notice of Termination. Any termination by Employer pursuant to Section 7(a),
7(b) or 7(c), or by Executive pursuant to Section 7(d), shall be communicated by a written Notice
of Termination addressed to the other parties to this Agreement. A “Notice of Termination” shall
mean a notice stating that Executive’s employment with Employer has been or will be terminated.

     (f) Payments and Benefits Upon Separation from Service by Employer Without Cause or by
Executive for Good Reason.

          (i) Subject to Section 7(f)(iii), in the event of a termination of Executive’s employment by
Employer Without Cause or a termination by Executive of his/her employment for Good Reason during
the Employment Period, Employer shall pay to Executive:

	 	(A)	 	one year’s Base Salary, and

	 	(B)	 	the product of (1) the amount of incentive compensation that
would have been payable to Executive for the calendar year in which the Date
of

4

 

	 	 	 	Termination (as defined below) occurs if Executive had remained employed for
the entire calendar year and assuming that all applicable performance targets
had been achieved, multiplied by (2) a fraction, the numerator of which
is equal to the number of days in such calendar year that precede the Date of
Termination and the denominator of which is equal to 365 (such product, the
“Pro Rata Bonus”).

          (ii) Subject to Section 7(f)(iii),upon a Separation from Service of the Participant Without
Cause or for Good Reason within one (1) year of a Change in Control (as defined below), in
addition to the benefits outlined in Section 7(f)(i) above, an eligible Participant will also
receive:

	 	(A)	 	an additional 1/2 year’s Base Salary; and

	 	(B)	 	a Target Bonus equal to the product of (1) the amount of
incentive compensation based on the Participant’s annual target bonus
opportunity that would have been payable to the Participant for the calendar
year in which the date of Separation from Service occurs if the Participant had
remained employed for the entire calendar year and assuming that all applicable
performance targets had been achieved multiplied by (2) 1.5 (the “Target
Bonus”).

          (iii) Notwithstanding anything in this Agreement to the contrary, no amounts or benefits shall
be paid or distributed pursuant to this Section 7(f) unless and until Executive has incurred a
Separation from Service (as defined below) from Employer. This provision does not prohibit
Executive’s entitlement to any amount due to a termination of Executive’s employment, as provided
in this Section 7(f); it simply delays the payment or distribution date until such occurrence. As
used herein, the term “Separation from Service” means a separation from service as defined under
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and applicable
regulations (without giving effect to any elective provisions that may be available under such
definition). After Executive’s Separation from Service, Executive shall have up to 45 days to
execute and not revoke a general release in a form reasonably satisfactory to Employer. If
Executive fails to sign a general release or revokes a general release, any payments or other
benefits under Section 7(f) otherwise due are forfeited.

          (iv) Payments pursuant to this Section 7(f) shall be made as follows: on Employer’s first
normal payroll date occurring during the seventh month following the Date of Separation from
Service, one-half of the amounts due under Section 7(f)(i)(A) and the full amount due under Section
7(f)(ii)(A) above, shall be paid to Executive. One-twenty-fourth (1/24) of the amounts due
Executive under Section 7(f)(i)(A) shall be payable on each of Employer’s subsequent regular
payroll dates, until the amounts due are paid in full. The amounts due Executive under Section
7(f)(i)(B) and 7(f)(ii)(B) above shall be paid in full upon the later of (a) Employer’s first
normal payroll date occurring during the seventh month following the date of Executive’s Separation
from Service, or (b) the date that the incentive compensation for the relevant calendar year is
paid to Employer’s senior executives.

          (v) If Executive is entitled to payments pursuant to Section 7(f)(i), then for the period
beginning on the Date of Separation from Service and ending on the first anniversary of the date of
Executive’s Separation from Service (the “Severance Period”), Employer shall (x) continue
to

5

 

provide to Executive the life, medical, dental, and prescription drug benefits referred to in
Section 5 (the “Continued Benefits”) and (y) reimburse Executive for expenses incurred by
him/her for outplacement and career counseling services provided to Executive for an aggregate
amount not in excess of $25,000. To be eligible for continuation of medical, dental and
prescription drug benefits, the Executive must elect continuation of group benefits under the
Consolidated Omnibus Budget Reconciliation Act (COBRA) by completing the application and returning
it to the COBRA Administrator by the deadline specified in the application. The Employer will
subsidize the Executive’s COBRA premiums during the Severance Period. The Employer subsidy will
end upon the earlier of the last day of the Severance Period or the day COBRA coverage ends for any
reason, including loss of plan eligibility under plan terms or applicable law; or qualification for
benefits with another employer. During the Severance Period, the Executive will make the same
contributions as required of active employees, with said contributions being paid directly to the
Employer’s COBRA Administrator on an after-tax basis. The Severance Period will count against the
Executive’s total COBRA continuation period.

          (vi) Executive shall not have a duty to mitigate the costs to Employer under this Section
7(f), except that Continued Benefits shall be reduced or canceled to the extent of any comparable
benefit coverage earned by (whether or not paid currently) or offered to Executive during the
Severance Period by a subsequent employer or other Person (as defined below) for which Executive
performs services, including but not limited to consulting services.

          (vii) The benefits provided Executive pursuant to this Section 7(f) are made in lieu of any
payments or benefits, and Executive shall not be entitled to receive any payments or benefits,
pursuant to any plan, policy, program or practice providing any bonus, annual incentive or
severance compensation.

     (g) Payments and Benefits Upon Executive’s Death or Disability,Separation from
Service by Employer With Cause, or Separation from Service by Executive Without Good Reason. If
Executive’s employment shall terminate upon his death or Disability or if Employer shall terminate
Executive’s employment for Cause or Executive shall terminate his employment without Good Reason
during the Employment Period, Employer shall pay Executive his full Base Salary through the Date of
Termination; plus, in the case of termination upon Executive’s death or Disability, a Pro Rata
Bonus within 60 days following such termination, calculated assuming target performance under
applicable financial metrics; plus, in the case of termination upon Executive’s death, his full
Base Salary for the remainder of the pay period in which death occurs and for one month thereafter.
The benefits provided Executive pursuant to this Section 7(g) are made in lieu of any payments or
benefits, and Executive shall not be entitled to receive any payments or benefits, pursuant to any
plan, policy, program or practice providing any bonus or annual incentive compensation.

     (h) Date of Termination. As used in this Agreement, the term “Date of Termination”
shall mean (x) if Executive’s employment is terminated by his/her death, the date of
his/her death, (y) if Executive’s employment is terminated by Employer for Cause, the date
on which Notice of Termination is given as contemplated by Section 7(e) or, if later, the date of
termination specified in such Notice, or (z) if Executive’s employment is terminated by
Employer Without Cause, due to Executive’s Disability or by Executive for any reason, the date

6

 

that is 30 days after the date on which Notice of Termination is given as contemplated by
Section 7(e) or, if no such Notice is given, 30 days after the date of termination of employment.

     (i) Resignation upon Termination. Unless otherwise mutually agreed by the parties,
effective as of any Date of Termination under this Section 7 or otherwise as of the date of
Executive’s termination of employment with Employer, Executive shall resign, in writing, from all
Board memberships and other positions then held by him/her with GPHC, Employer and their respective
Affiliates.

     (j) Nondisparagement. Executive agrees not to disparage Employer, GPHC, or the
subsidiaries thereof, or the officers, directors or employees of any of them, during the Employment
Period or thereafter.

     8. Unauthorized Disclosure. During the period of Executive’s employment with Employer
and the three-year period following any termination of such employment, without Employer’s prior
written consent, except to the extent required by an order of a court having jurisdiction or under
subpoena from an appropriate government agency, in which event, Executive shall use his/her best
efforts to consult with Employer prior to responding to any such order or subpoena, and except as
required in the performance of his/her duties hereunder, Executive shall not disclose any
confidential or proprietary trade secrets, customer lists, drawings, designs, information regarding
product development, marketing plans, sales plans, manufacturing plans, management organization
information (including but not limited to data and other information relating to members of the
Board of Directors of GPHC, Employer or any of their respective Affiliates or to management of
GPHC, Employer or any of their respective Affiliates), operating policies or manuals, business
plans, financial records, packaging design or other financial, commercial, business or technical
information (a) relating to GPHC, Employer or any of their respective Affiliates or
(b) that GPHC, Employer or any of their respective Affiliates may receive belonging to
suppliers, customers or others who do business with GPHC, Employer or any of their respective
Affiliates (collectively, “Confidential Information”) to any third person unless such Confidential
Information has been previously disclosed to the public or is in the public domain (other than by
reason of Executive’s breach of this Section 8). The obligations in this paragraph are in addition
to, and in no way restrict or operate as a waiver of, statutory or common law protection of trade
secrets, as defined by law.

     9. Non-Competition. The Executive acknowledges and agrees that he or she is engaged
in business with the Employer in a global market. Therefore, during the period of Executive’s
employment with Employer and for one year following the date of Executive’s Separation from
Service, Executive shall not, directly or indirectly, become employed in a management capacity,
including as a consultant providing services in a management capacity, for Caraustar Industries,
Inc., Cascades Inc., International Paper Company, MeadWestvaco Corporation, OYSTAR Jones & Company,
Inc., Packaging Corporation of America, Rock-Tenn Company, or any of their current subsidiaries or
successors in the United States.

     10. Non-Solicitation of Employees. For one year following the date of Executive’s
Separation from Service, Executive shall not, directly or indirectly, for his/her own account or
for the account of any other Person, solicit for employment, employ or otherwise interfere with the
relationship of GPHC, Employer or any of their respective subsidiaries with, any person who is
employed by GPHC, Employer or any of their current subsidiaries.

7

 

     11. Non-Solicitation of Customers. The Executive acknowledges and agrees that he or
she is engaged in business with the Employer in a global customer market. For one year following
the date of Executive’s Separation from Service, Executive shall not, directly or indirectly, for
his/her own account or for the account of any other Person anywhere in the United States, the
European Union, Canada or Mexico, solicit or otherwise attempt to establish any business
relationship for purposes of engaging in the manufacture, sales or converting of paperboard and
paperboard packaging with any Person who is or was a Customer, client or distributor of GPHC or
Employer or any of their Affiliates at any time during which Executive was employed by Employer.

     12. Return of Documents. In the event of the termination of Executive’s employment
for any reason, Executive shall deliver to Employer all of (a) the property of each of
GPHC, Employer and their respective Affiliates and (b) the non-personal documents and data
of any nature and in whatever medium of each of GPHC, Employer and their respective Affiliates, and
he/she shall not take with him/her any such property, documents or data or any reproduction
thereof, or any documents containing or pertaining to any Confidential Information. Whether
documents or data are “personal” or “non-personal” shall be determined as follows: Executive shall
present any documents or data that he/she wishes to take with him/her to the chief legal officer of
Employer for his/her review. The chief legal officer shall make an initial determination whether
any such documents or data are personal or non-personal, and with respect to such documents or data
that he/she determines to be non-personal, shall notify Executive either that such documents or
data must be retained by Employer or that Employer must make and retain a copy thereof before
Executive may take such documents or data with him/her.

     13. Injunctive Relief with Respect to Covenants; Forum, Venue and Jurisdiction.
Executive acknowledges and agrees that the covenants, obligations and agreements of Executive
contained in Sections 8, 9, 10, 11, 12, and 13 relate to special, unique and extraordinary matters
and that a violation of any of the terms of such covenants, obligations or agreements will cause
Employer irreparable injury for which adequate remedies are not available at law. Therefore,
Executive agrees that Employer shall be entitled to an injunction, restraining order or such other
equitable relief (without the requirement to post bond) as a court of competent jurisdiction may
deem necessary or appropriate to restrain Executive from committing any violation of such
covenants, obligations or agreements. These injunctive remedies are cumulative and in addition to
any other rights and remedies Employer may have. Executive hereby irrevocably submits to the
jurisdiction of the superior courts of Cobb County, Georgia and the federal courts of the Northern
District of Georgia, in respect of the injunctive remedies set forth in this Section 13 and the
interpretation and enforcement of Sections 8, 9, 10, 11, 12, and 13 insofar as such interpretation
and enforcement relate to any request or application for injunctive relief or damages connected
therewith in accordance with the provisions of this Section 13, and the parties hereto hereby
irrevocably waive any and all objections and defenses based on forum, venue or personal or subject
matter jurisdiction as they may relate to an application for such injunctive relief or damages
connected therewith in a suit or proceeding brought before such a court in accordance with the
provisions of this Section 13. All disputes not relating to any request or application for
injunctive relief or damages connected therewith in accordance with this Section 13 shall be
resolved by arbitration in accordance with Section 17(b).

8

 

     14. Assumption of Agreement. Employer shall require any Successor thereto, by
agreement in form and substance reasonably satisfactory to Executive, to expressly assume and agree
to perform this Agreement in the same manner and to the same extent that Employer would be required
to perform it if no such succession had taken place. Failure of Employer to obtain such agreement
prior to the effectiveness of any such succession shall be a breach of this Agreement and shall
entitle Executive to compensation from Employer in the same amount and on the same terms as
Executive would be entitled hereunder if Employer had terminated Executive’s employment Without
Cause as described in Section 7, except that for purposes of implementing the foregoing, the date
on which any such succession becomes effective shall be deemed the Date of Termination.

     15. Entire Agreement. This Agreement constitutes the entire agreement among the
parties hereto with respect to the subject matter hereof. All prior correspondence and proposals
(including but not limited to summaries of proposed terms) and all prior promises, representations,
understandings, arrangements and agreements relating to such subject matter (including but not
limited to those made to or with Executive by any other Person and those contained in any prior
employment, consulting or similar agreement entered into by Executive and Employer or any
predecessor thereto or Affiliate thereof) are merged herein and superseded hereby. This Agreement
explicitly supersedes and replaces that certain employment agreement between Executive and Graphic
Packaging Corporation, dated July 20, 2006.

     16. Indemnification. Employer hereby agrees that it shall indemnify and hold harmless
Executive to the fullest extent permitted by Delaware law from and against any and all liabilities,
costs, claims and expenses, including all costs and expenses incurred in defense of litigation
(including attorneys’ fees), arising out of the employment of Executive hereunder, except to the
extent arising out of or based upon the gross negligence or willful misconduct of Executive. Costs
and expenses incurred by Executive in defense of such litigation (including attorneys’ fees) shall
be paid by Employer in advance of the final disposition of such litigation upon receipt by Employer
of (a) a written request for payment, (b) appropriate documentation evidencing the
incurrence, amount and nature of the costs and expenses for which payment is being sought, and
(c) an undertaking adequate under Delaware law made by or on behalf of Executive to repay
the amounts so paid if it shall ultimately be determined that Executive is not entitled to be
indemnified by Employer under this Agreement, including but not limited to as a result of such
exception.

     17. Section 409A.

     (a) General. This Agreement shall be interpreted and administered in a manner so that
any amount or benefit payable hereunder shall be paid or provided in a manner that is either exempt
from or compliant with the requirements Section 409A of the Code and applicable Internal Revenue
Service guidance and Treasury Regulations issued thereunder (and any applicable transition relief
under Section 409A of the Code). Nevertheless, the tax treatment of the benefits provided under the
Agreement is not warranted or guaranteed. Neither Employer nor its directors, officers, employees
or advisers shall be held liable for any taxes, interest, penalties or other monetary amounts owed
by Executive as a result of the application of Section 409A of the Code.

9

 

     (b) Six-Month Delay in Certain Circumstances. Notwithstanding anything in this
Agreement to the contrary, if any amount or benefit that would constitute non-exempt “deferred
compensation” for purposes of Section 409A of the Code would otherwise be payable or distributable
under this Agreement by reason of Executive’s Separation from Service during a period in which he
is a Specified Employee (as defined below), then, subject to any permissible acceleration of
payment by Employer under Treas. Reg. Section 1.409A-3(j)(4)(ii) (domestic relations order),
(j)(4)(iii) (conflicts of interest), or (j)(4)(vi) (payment of employment taxes):

          (i) the amount of such non-exempt deferred compensation that would otherwise be payable during
the six-month period immediately following Executive’s Separation from Service will be accumulated
through and paid or provided on the first normal payroll date in the seventh month following
Executive’s Separation from Service (or, if Executive dies during such period, within 30 days after
Executive’s death) (in either case, the “Required Delay Period”); and

          (ii) the normal payment or distribution schedule for any remaining payments or distributions
will resume at the end of the Required Delay Period.

For purposes of this Agreement, the term “Specified Employee” has the meaning given such term in
Code Section 409A and the final regulations thereunder: provided, however, that Employer’s
Specified Employees and its application of the six-month delay rule of Code Section
409A(a)(2)(B)(i) shall be determined in accordance with rules adopted by the Board or a committee
thereof, which shall be applied consistently with respect to all nonqualified deferred compensation
arrangements of Employer, including this Agreement.

     (c) Treatment of Installment Payments. Each payment of termination benefits under
Section 7(f) of this Agreement, including, without limitation, each installment payment and each
provision of, or payment or reimbursement of premiums for, the Continued Benefits under Section
7(f)(iv), shall be considered a separate payment, as described in Treas. Reg. Section
1.409A-2(b)(2), for purposes of Section 409A of the Code.

     (d) Timing of Reimbursements and In-kind Benefits. If Executive is entitled to be
paid or reimbursed for any taxable expenses under Sections 6(b), 7(d), 7(f)(iv), or 18(b) and such
payments or reimbursements are includible in Executive’s federal gross taxable income, the amount
of such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in
any other calendar year (other than the outplacement benefits under Section 7(f)(iv)(y), and the
reimbursement of an eligible expense must be made no later than December 31 of the year after the
year in which the expense was incurred. Executive’s rights to payment or reimbursement of expenses
pursuant to Section 18(b) shall expire at the end of the 20 years after the Date of Termination.
No right of Executive to reimbursement of expenses under Sections 6(b), 7(d), 7(f)(iv), or 18(b)
shall be subject to liquidation or exchange for another benefit.

     18. Miscellaneous.

     (a) Binding Effect; Assignment. This Agreement shall be binding on and inure to the
benefit of Employer, GPHC and their respective successors and permitted assigns. This Agreement
shall also be binding on and inure to the benefit of Executive and his/her heirs, executors,
administrators and legal representatives. This Agreement shall not be assignable by

10

 

any party hereto without the prior written consent of the other parties hereto, except as
provided pursuant to this Section 17(a). Each of GPHC and Employer may effect such an assignment
without prior written approval of Executive upon the transfer of all or substantially all of its
business and/or assets (by whatever means), provided that the Successor to Employer shall
expressly assume and agree to perform this Agreement in accordance with the provisions of Section
14.

     (b) Arbitration. Any dispute or controversy arising under or in connection with this
Agreement (except in connection with any request or application for injunctive relief or damages
connected therewith in accordance with Section 13) shall be resolved by binding arbitration. The
arbitration shall be held in the city of Atlanta, Georgia and except to the extent inconsistent
with this Agreement, shall be conducted in accordance with the Commercial Arbitration Rules of the
American Arbitration Association then in effect at the time of the arbitration, and otherwise in
accordance with principles which would be applied by a court of law or equity. The arbitrator
shall be acceptable to both Employer and Executive. If the parties cannot agree on an acceptable
arbitrator, the dispute shall be heard by a panel of three arbitrators, one appointed by Employer,
one appointed by Executive, and the third appointed by the other two arbitrators. All expenses of
arbitration shall be borne by the party who incurs the expense, or, in the case of joint expenses,
by both parties in equal portions, except that, in the event Executive prevails on the principal
issues of such dispute or controversy, all such expenses shall be borne by Employer.

     (c) Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware without reference to principles of conflicts of laws.

     (d) Taxes. Employer may withhold from any payments made under this Agreement all
applicable taxes, including but not limited to income, employment and social insurance taxes, as
shall be required by law.

     (e) Amendments. No provision of this Agreement may be modified, waived or discharged
unless such modification, waiver or discharge is approved by Employer’s Board or a Person
authorized thereby and is agreed to in writing by Executive and, in the case of any such
modification, waiver or discharge affecting the rights or obligations of GPHC, is approved by the
Board of Directors of GPHC or a Person authorized thereby. No waiver by any party hereto at any
time of any breach by any other party hereto of, or compliance with, any condition or provision of
this Agreement to be performed by such other party shall be deemed a waiver of similar or
dissimilar provisions or conditions at the same or at any prior or subsequent time. No waiver of
any provision of this Agreement shall be implied from any course of dealing between or among the
parties hereto or from any failure by any party hereto to assert its rights hereunder on any
occasion or series of occasions.

     (f) Severability. In the event that any one or more of the provisions of this
Agreement shall be or become invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained herein shall not be affected
thereby.

     (g) Notices. Any notice or other communication required or permitted to be delivered
under this Agreement shall be (i) in writing, (ii) delivered personally, by courier
service or by certified or registered mail, first-class postage prepaid and return receipt
requested, (iii) deemed to have been received on the date of delivery or, if so mailed, on
the third business day after the

11

 

mailing thereof, and (iv) addressed as follows (or to such other address as the party
entitled to notice shall hereafter designate in accordance with the terms hereof):

	 	(A)	 	If to Employer or GPHC, to it at:
	 
	 	 	 	814 Livingston Court, S.E.

Marietta, GA 30067

Attention: General Counsel
	 
	 	(B)	 	if to Executive, to him/her at his/her residential address as currently
on file with Employer.

     (h) Voluntary Agreement; No Conflicts. Executive, Employer and GPHC each represent
that they are entering into this Agreement voluntarily and that Executive’s employment hereunder
and each party’s compliance with the terms and conditions of this Agreement will not conflict with
or result in the breach by such party of any agreement to which he/she or it is a party or by which
he/she or it or his/her or its properties or assets may be bound.

     (i) Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed an original and all of which together shall constitute one and the same instrument.

     (j) Headings. The section and other headings contained in this Agreement are for the
convenience of the parties only and are not intended to be a part hereof or to affect the meaning
or interpretation hereof.

     (k) Certain Definitions.

     “Affiliate”: with respect to any Person, means any other Person that, directly or
indirectly through one or more intermediaries, Controls, is Controlled by, or is under common
Control with the first Person, including but not limited to a Subsidiary of the first Person, a
Person of which the first Person is a Subsidiary, or another Subsidiary of a Person of which the
first Person is also a Subsidiary.

     “Change in Control” shall mean any of the following events:

	 	(1)	 	The acquisition by any Person of Beneficial Ownership (as
defined in Rule 13d-3 of the General Rules and Regulations under the Exchange
Act) of thirty percent (30%) or more of the combined voting power of the then
outstanding voting securities of GPHC entitled to vote generally in the
election of Employer’s Board (the “Outstanding GPHC Voting Securities”);
provided, however, that for purposes of this section, the following
acquisitions shall not constitute a Change of Control: (i) any acquisition by a
Person who on the Effective Date is the Beneficial Owner of thirty percent
(30%) or more of the Outstanding GPHC Voting Securities, (ii) any acquisition
by GPHC or any of its Subsidiaries, (iii) any acquisition by any employee
benefit plan (or related trust) sponsored or maintained by GPHC or any of its
Subsidiaries, (iv) any acquisition by a shareholder who is a party to the
Stockholders Agreement, dated July 7, 2007, or (v) any acquisition by any
corporation pursuant to a

12

 

	 	 	 	transaction which complies with subparagraphs (x), (y), and (z) of Section (3)
below;

	 	(2)	 	Individuals who constitute the Employer’s Board as of the
Effective Date hereof (the “Incumbent Board”) cease for any reason to
constitute at least a majority of the Employer’s Board, provided that any
individual becoming a Director subsequent to the Effective Date whose election,
or nomination for election by GPHC’s shareholders, was approved by a vote of at
least a majority of the Directors then comprising the Incumbent Board shall be
considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of
office is in connection with an actual or threatened election contest relating
to the election or removal of the Directors of GPHC or other actual or
threatened solicitation of proxies of consents by or on behalf of a Person
other than the Employer’s Board;

	 	(3)	 	Consummation of a reorganization, merger, or consolidation to
which GPHC is a party (a “Business Combination”), in each case unless,
following such Business Combination: (x) all or substantially all of the
individuals and entities who were the Beneficial Owners of Outstanding GPHC
Voting Securities immediately prior to such Business Combination beneficially
own, directly or indirectly, more than fifty percent (50%) of the combined
voting power of the outstanding voting securities entitled to vote generally in
the election of Directors of the corporation resulting from the Business
Combination (including, without limitation, a corporation which as a result of
such transaction owns GPHC either directly or through one or more subsidiaries)
(the “Successor Entity”) in substantially the same proportions as their
ownership immediately prior to such Business Combination of the Outstanding
GPHC Voting Securities; and (y) no Person (excluding any Successor Entity or
any employee benefit plan, or related trust, of the Company or such Successor
Entity) beneficially owns, directly or indirectly, thirty percent (30%) or more
of the combined voting power of the then outstanding voting securities of the
Successor Entity, except to the extent that such ownership existed prior to the
Business Combination; and (z) at least a majority of the members of the board
of directors of the Successor Entity were members of the Incumbent Board
(including persons deemed to be members of the Incumbent Board by reason of the
proviso to paragraph (2) of this section) at the time of the execution of the
initial agreement or of the action of the Employer’s Board providing for such
Business Combination;
	 
	 	(4)	 	The sale, transfer or other disposition of all or substantially
all of the assets of GPHC; or
	 
	 	(5)	 	Approval by the shareholders of GPHC of a complete liquidation
or dissolution of GPHC.

13

 

     “Control”: with respect to any Person, means the possession, directly or indirectly,
severally or jointly, of the power to direct or cause the direction of the management policies of
such Person, whether through the ownership of voting securities, by contract or credit arrangement,
as trustee or executor, or otherwise.

     “Person”: any natural person, firm, partnership, limited liability company,
association, corporation, company, trust, business trust, governmental authority or other entity.

     “Subsidiary”: with respect to any Person, each corporation or other Person in which
the first Person owns or Controls, directly or indirectly, capital stock or other ownership
interests representing 50% or more of the combined voting power of the outstanding voting stock or
other ownership interests of such corporation or other Person.

     “Successor”: of a Person means a Person that succeeds to the first Person’s assets
and liabilities by merger, liquidation, dissolution or otherwise by operation of law, or a Person
to which all or substantially all the assets and/or business of the first Person is transferred.

     IN WITNESS WHEREOF, Employer and GPHC have duly executed this Agreement by their authorized
representatives, and Executive has hereunto set his/her hand, in each case effective as of the date
first above written.

	 	 	 	 	 
	 	GRAPHIC PACKAGING HOLDING COMPANY

 	 
	 	By:  	     /s/ Cynthia A. Baerman
 	 
	 	 	Cynthia A. Baerman 	 
	 	 	Senior Vice President, Human Resources 	 
	 

	 	 	 	 	 
	 	GRAPHIC PACKAGING INTERNATIONAL, INC.

 	 
	 	By:  	     Cynthia A. Baerman
 	 
	 	 	Cynthia A. Baerman 	 
	 	 	Senior Vice President, Human Resources 	 
	 

	 	 	 	 	 
	 	Executive:

 	 
	 	          /s/ Philip H. Geminder II
 	 
	 	Philip H. Geminder II 	 
	 	 	 
	 

14

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