Document:

EX-10.2

 Exhibit 10.2 

TRANSITION SERVICES AGREEMENT 

by and between 
 V.F. CORPORATION

 and 
 KONTOOR BRANDS, INC.

 Dated as of May 22, 2019 

 TABLE OF CONTENTS 

 
  

 

					
	 	  	PAGE	 
	 ARTICLE I

DEFINITIONS
	  			
	 Section 1.01. Certain Definitions
	  	 	1	 
		
	 ARTICLE II

SERVICES
	  			
	 Section 2.01. Services
	  	 	2	 
	 Section 2.02. Standard for Service
	  	 	3	 
	 Section 2.03. Consents
	  	 	3	 
	 Section 2.04. Subcontracted Services
	  	 	3	 
	 Section 2.05. Management of Services
	  	 	4	 
	 Section 2.06. Ownership
	  	 	4	 
		
	 ARTICLE III

SERVICE CHARGES
	  			
	 Section 3.01. Service Charges
	  	 	4	 
	 Section 3.02. Invoices
	  	 	4	 
	 Section 3.03. Payment
	  	 	5	 
	 Section 3.04. Invoice Disputes
	  	 	5	 
	 Section 3.05. No Set-off Rights
	  	 	5	 
		
	 ARTICLE IV

INTELLECTUAL PROPERTY
	  			
	 Section 4.01. Title to Intellectual Property.
	  	 	5	 
		
	 ARTICLE V

TAX
	  			
	 Section 5.01. Cooperation for Statutory and Tax Filings
	  	 	6	 
		
	 ARTICLE VI

TERM AND TERMINATION
	  			
	 Section 6.01. Transition Period
	  	 	6	 
	 Section 6.02. Termination.
	  	 	6	 
		
	 ARTICLE VII

LIMITATION OF LIABILITY; INDEMNITY
	  			
	 Section 7.01. Limitation of Liability
	  	 	7	 
	 Section 7.02. Indemnification
	  	 	7	 
	 Section 7.03. Obligation to Correct
	  	 	8	 
	 Section 7.04. Exclusive Remedy
	  	 	8	 
		
	 ARTICLE VIII

ACCESS
	  			
	 Section 8.01. Access to Records and Properties
	  	 	8	 
	 Section 8.02. Systems
	  	 	8	 
	 Section 8.03. Cyber Events
	  	 	8	 
		
	 ARTICLE IX

MISCELLANEOUS
	  			
	 Section 9.01. Notice
	  	 	9	 
	 Section 9.02. Force Majeure
	  	 	10	 

  
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	 Section 9.03. Confidentiality
	  	 	10	 
	 Section 9.04. No Partnership, Joint-Venture Or Agency Created.
	  	 	10	 
	 Section 9.05. Successors and Assigns
	  	 	10	 
	 Section 9.06. Counterparts; Effectiveness
	  	 	11	 
	 Section 9.07. Interpretation; Incorporation of Terms by Reference
	  	 	11	 
	 Section 9.08. Governing Law
	  	 	11	 
	 Section 9.09. Jurisdictions
	  	 	11	 
	 Section 9.10. WAVIER OF JURY TRIAL
	  	 	11	 
	 Section 9.11. Specific Performance
	  	 	11	 
	 Section 9.12. Performance
	  	 	11	 
	 Section 9.13. Amendments; No Waivers
	  	 	12	 

  
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 TRANSITION SERVICES AGREEMENT 

TRANSITION SERVICES AGREEMENT dated as of May 22, 2019 (as the same may be amended from time to time in accordance with its terms and together
with the schedules and exhibits hereto, this “Agreement”), by and between V.F. Corporation, a Pennsylvania corporation (“VF”), and Kontoor Brands, Inc., a North Carolina corporation (“Kontoor
Brands”). 
 R E C I T A L S 

WHEREAS, on or about the date hereof the parties hereto have entered into that certain Separation and Distribution Agreement (as amended,
modified or supplemented from time to time, the “Separation and Distribution Agreement”), pursuant to which VF has agreed to distribute the Jeanswear Business to the holders of the VF Common Stock as of the Record Date; 

WHEREAS, pursuant to the Separation and Distribution Agreement and in connection with the transactions contemplated thereby, VF and Kontoor
Brands have agreed to enter into this Agreement in order to provide for the provision both (i) from VF and the VF Group to Kontoor Brands and the Kontoor Brands Group and (ii) from Kontoor Brands and the Kontoor Brands Group to VF and the
VF Group of certain transitional services in order to facilitate the orderly transition of the Jeanswear Business from VF and the members of the VF Group to Kontoor Brands and the members of the Kontoor Brands Group, upon the terms and subject to
the conditions hereinafter set forth; and 
 WHEREAS, the party, or applicable member of its Group, providing an applicable Service (as
defined below) hereunder, as set forth in the Services Schedules (as defined below) is referred to as “Provider” and the party, or an applicable member of its Group, receiving an applicable Service hereunder, as set forth in the
Services Schedules, is referred to as “Recipient”. 
 NOW, THEREFORE, in consideration of the foregoing recitals and the
mutual covenants, conditions, and agreements hereinafter expressed, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01.    Certain Definitions. (a) The following terms, as used herein, have the following
meanings; provided that capitalized terms used but not otherwise defined in this Section 1.01 shall have the respective meanings ascribed to such terms in the Separation and Distribution Agreement: 

“Accounting Referee” means a nationally recognized independent accounting firm that is jointly retained by the parties. 

“Cyber Event” means any actual unauthorized, accidental or unlawful access, use, exfiltration, theft, disablement,
destruction, loss, alteration, disclosure, transmission of any Systems or any information or data (including any personally identifiable information) stored therein or transmitted thereby. 

“Damages” means all liabilities, costs, damages, losses, claims, demands, charges, suits, penalties, Taxes and expense
(including reasonable attorneys’ and other professionals’ fees and disbursements) and whether or not pursuant to a Third Party Claim. 

“Incident Response Management Services” means the Services as described under the heading “Information Security -
Incident Response Management” in the Services Schedules. 
 “Prime Rate” shall mean the prime rate published in the
eastern edition of The Wall Street Journal or a comparable newspaper if The Wall Street Journal shall cease publishing the prime rate. 

  
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 “Services” shall mean the services set forth on the Services Schedules to
be provided, or caused to be provided, by Provider to Recipient pursuant to this Agreement. 
 (b) Each of the following terms is defined in
the Section set forth opposite such term: 
  

			
	 Term
	  	Section
	 Agreement
	  	Preamble
	 Force Majeure Event
	  	9.01
	 Governance Model
	  	2.05
	 Improvements
	  	4.01
	 Invoice Objection
	  	3.04
	 Kontoor Brands
	  	Preamble
	 Other Service Implications
	  	2.03
	 Payment Date
	  	3.03
	 Provider
	  	Recitals
	 Provider Notice
	  	2.01
	 Recipient
	  	Recitals
	 Responding Party
	  	8.03
	 Separation and Distribution Agreement
	  	Recitals
	 Service Charge
	  	3.01
	 Services Schedules
	  	2.01
	 Stub Month
	  	3.02
	 Subcontractor
	  	2.04
	 Systems
	  	8.01
	 Termination Notice
	  	2.01
	 Transition Period
	  	6.01
	 VF
	  	Preamble

 ARTICLE II 

SERVICES 

Section 2.01.    Services. During the Transition Period (as defined below) (or, with respect to a particular
Service, such shorter period as may be specified in the Services Schedules with respect to any such Service), VF shall provide (or cause to be provided by an Affiliate or a Subcontractor in accordance with Section 2.04) to Kontoor Brands or the
applicable member of its Group the services described on Schedule A-1 attached hereto and Kontoor Brands shall provide (or cause to be provided by an Affiliate or a Subcontractor in accordance with
Section 2.04) to VF or the applicable member of its Group the services described on Schedule A-2 attached hereto (together with Schedule A-1, the
“Services Schedules”). The Services (or any portion thereof) shall be provided for the period of time specified in the Services Schedules; provided that, unless otherwise specified in the Service Schedules, the term of any or
all the Services (or any portion thereof) may be earlier terminated by Recipient by providing thirty (30) days prior written notice to Provider (“Termination Notice”); provided further that if it is technically
infeasible or commercially impracticable to terminate one Service without terminating one or more other Services, Recipient shall be required to concurrently terminate all such Services for which separate termination would be technically infeasible
or commercially impractical. Following receipt of a Termination Notice, Provider will provide Recipient with written notice (“Provider Notice”) that termination of any applicable Service will require the termination or partial
termination of, or otherwise affect the performance of any other Services as a result of the technical infeasibility or commercially impracticality to terminate only the Service requested to be terminated (“Other Service
Implications”), which notice shall set forth a reasonably detailed overview of any Other Service Implications. Recipient may withdraw its Termination Notice by delivering a withdrawal notice within five (5) Business Days following the
receipt of such Provider Notice from Provider. If Recipient does not withdraw the Termination Notice within such period, such Termination Notice will be final and irrevocable (including as to any Other Service Implications) and Recipient

  
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shall no longer be entitled to receive the Service from Provider. Upon the effective date of termination of any Service pursuant to this Section 2.01, (i) the Provider of the terminated
Service will have no further obligation to provide the terminated Service and (ii) the relevant Recipient will have no obligation to pay any future Service Charges relating to any such Service other than (A) the applicable portion of the
Service Charge for the remainder of the calendar month in which such termination is effective, (B) Service Charges and any other fees, costs and expenses owed and payable in accordance with the terms of this Agreement in respect of Services provided
prior to the effective date of termination and (C) any third party costs and expenses incurred by the Provider or any of its Affiliates in respect of such Services between the time of such termination and the time the provision of such Service would
have terminated absent such early termination to the extent Provider cannot avoid the incurrence of such costs or expenses using commercially reasonable efforts, which in each case shall be, from time to time, invoiced and paid as provided in
Article III. Upon the effective date of termination of any Service pursuant to this Section 2.01, the relevant Provider shall reduce for the next monthly billing period the amount of the Service Charge for the category of Services in
which the terminated Service was included (such reduction to reflect the elimination of all costs incurred in connection with the terminated Service to the extent the same are not required to provide other Services to Recipient), and, upon request
of Recipient, Provider shall provide Recipient with documentation and/or information regarding the calculation of the amount of the reduction. In connection with termination of any Service, the provisions of this Agreement not relating solely to
such terminated Service shall survive any such termination. Upon thirty (30) days’ advance written notice prior to the expiration of any Service, Recipient may request an extension of such Service by submitting to the relevant Provider an
extension request in the form attached hereto as Schedule B. Any such extension shall be effective only by the mutual written agreement of Provider and Recipient to the terms applicable to such Service during any such extension period. For the
avoidance of doubt, (x) Provider is not obligated to extend any Service and Services shall only be extended on terms mutually agreed to by Provider and Recipient and (y) in no event shall any extension provide for an extension of any Service
for a period that would exceed, in the aggregate, twenty-four (24) months from the Distribution Date. 

Section 2.02.    Standard for Service. (a) Except as otherwise provided in this Agreement or the Services
Schedules, Provider agrees to use its commercially reasonable efforts to perform each Service such that the nature, quality, standard of care, skill, level of priority and the service level at which such Service is performed is not materially less
than the nature, quality, standard of care, level of priority and service level at which substantially the same service was provided to the Recipient and the members of its Group, as applicable, during the twelve (12) month period immediately
prior to the date hereof (or, if not so previously provided, then substantially the same as that applicable to similar services provided by Provider). 

(b)    It is understood and agreed that Provider may from time to time modify, change or enhance the manner, nature,
quality and/or standard of care of any Service provided to Recipient or the members of its Group to the extent Provider is making a similar change in the performance of services similar to such Services for Provider or the members of its Group or to
the extent that such change is in connection with the relocation of Provider’s employees; provided that any such modification, change or enhancement will not reasonably be expected to have a material adverse effect on the provision of
such Service in accordance with the standards set forth in Section 2.02(a). 
 (c)    The Services shall only be
made available by the applicable Provider for, and the applicable Recipient shall only be entitled to utilize the Services for, the benefit of the operation of its respective Business. 

Section 2.03.    Consents. The parties hereto shall cooperate and use commercially reasonable efforts to
obtain any consents, permits or licenses from any third party that may be required in connection with the provision of the Services hereunder; provided that (i) Provider shall not be required to provide any Service hereunder to the
extent the provision of such Service is prevented by the failure, after the exercise of commercially reasonable efforts, to obtain any such consent, permit or license and (ii) Provider shall not be required to pay any such third party any
amounts to obtain any such consents, permits or licenses. 
 Section 2.04.    Subcontracted Services.
Provider may, directly or through one or more Affiliates, hire or engage one or more subcontractors or other third parties (each, a “Subcontractor”), or cause one or more of its Affiliates, to perform any or all of Provider’s
obligations to provide Services under this Agreement; provided, 

  
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that Provider shall remain ultimately responsible for ensuring that the obligations set forth in this Agreement are satisfied with respect to any Service provided by any Subcontractor or
Affiliate. 
 Section 2.05.    Management of Services. Management of, and control over, the provision of the
Services provided hereunder (including the determination or designation at any time of the equipment, employees and other resources of Provider, its Affiliates or any Subcontractor engaged in accordance with Section 2.04 to be used in
connection with the provision of such Services as set forth herein) shall reside solely with Provider; provided that (i) the Services shall, at all times, be provided in accordance with the standards and requirements set forth herein and in
the Services Schedules, and (ii) the Services shall, at all times, be administered by the parties, the members of each of their respective Groups and each of their respective employees, officers, directors and agents in accordance with the
governance model set forth on Schedule C (the “Governance Model”). Without limiting the generality of the foregoing, except as provided in the Services Schedules or the Governance Model, all labor matters relating to any
employees of Provider, its Affiliates and any Subcontractor shall be within the exclusive control of such entity, and Recipient shall not have any rights with respect to such matters. Except as provided in the Services Schedules or
Section 3.01, Provider shall be solely responsible for the payment of all salary and benefits and all applicable Taxes and premiums and remittances with respect to employees of Provider used to provide any Services hereunder. Except as
expressly provided in the Services Schedules, Provider shall be an independent contractor in connection with the performance of Services hereunder for any and all purposes (including federal or state tax purposes), and the Persons performing
Services in connection herewith shall not be deemed to be employees or agents of Recipient. 

Section 2.06.    Ownership. All procedures, methods, systems, strategies, tools, equipment, facilities and
other resources owned by Provider, its Affiliates, or any Subcontractor and used by them in connection with the provision of Services (for the avoidance of doubt, excluding any such items being the property of Recipient that are provided by
Recipient to Provider to facilitate Provider’s provision of the Services to Recipient) hereunder shall remain the property of Provider, its Affiliates or such Subcontractor and shall at all times be under the sole direction and control of
Provider, its Affiliates or such Subcontractor. 
 Section 2.07.    Local Agreements. With respect to Services
delivered in a particular country and to the extent required by applicable Law or local practice, the parties may cause the members of their respective Groups providing such Service to enter into one or more local services agreements for the purpose
of implementing this Agreement in that country or with respect to any particular Service to be performed in such country; provided that to the extent that there shall be a conflict between the provisions of this Agreement and the provisions
of any such agreement, this Agreement shall control with respect to all matters. 
 ARTICLE III 

SERVICE CHARGES 

Section 3.01.    Service Charges. Recipient shall pay to Provider in respect of such Services the fee that is
set forth on the Services Schedule for such Services (or category of Services, as applicable) (each such fee constituting a “Service Charge”). During the term of this Agreement, the amount of a Service Charge for any Service (or
category of Services, as applicable) shall not increase, except (i) to the extent such costs and amounts increase for other business units of Provider using the same service at the same location, (ii) changes in actual compensation and
benefits costs or (iii) as reasonably required by VF in order to preserve the Intended Tax Treatment (as defined in the Tax Matters Agreement) of the Distribution in accordance with Applicable Law. For the avoidance of doubt, out-of-pocket costs paid to any third party provider that is providing goods or services used by Provider in providing the Services (e.g., license costs for software) and any
Taxes (including any value added, excise, sales, use and similar Taxes) imposed under Applicable Law on or on account of the provision of Services (but not on any income of Provider received in connection with the provision of such Services) will be
an incremental cost to Recipient in addition to the Service Charges and will be charged to Recipient at the actual third party cost or amount of Taxes so imposed. 

  
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 Section 3.02.    Invoices. In accordance with the Services
Schedules, Provider shall deliver invoices to Recipient in the local, functional currency of such Provider and Recipient on a monthly basis on the 15th day of each month with respect to Services provided in the previous month; provided that
no invoices shall be delivered pursuant to this Section 3.02 in respect of the period between Distribution Date and the end of the calendar month in which the Distribution Date occurs (the “Stub Month”), and any amounts to be
invoiced by an applicable Provider in respect of the Stub Month shall be included in the invoice to be delivered by such Provider in respect of Services provided in the full calendar month immediately following the Distribution Date. Each invoice
shall set forth a description of the Services to which it relates and reference to the applicable section of the Services Schedules. 

Section 3.03.    Payment. Subject to Section 3.04, Recipient shall pay the amount of
an invoice by wire transfer to Provider within thirty (30) days of the date of receipt of such invoice (the “Payment Date”) to the account specified by Provider; provided that in the event for any applicable invoicing
period, multiple payments in the same currency are required to be paid or received pursuant to this Section 3.03 between a member of the VF Group (whether as Provider or Recipient), on the one hand, and a member of the Kontoor Brands Group
(whether as Provider or Recipient), on the other hand, then for purposes of making such payments pursuant to this Section 3.03, such amounts shall be netted and one payment between such parties will be made on a net basis. If the Recipient
fails to pay the undisputed portion of any amount payable (including pursuant to Section 3.04) by the applicable Payment Date, the Provider may require the Recipient to pay to the Provider, in addition to the amount due,
interest at an interest rate of the Prime Rate, compounded monthly, accruing from the applicable Payment Date through and including the date of actual payment. 

Section 3.04.    Invoice Disputes. If Recipient delivers written notice of a good faith dispute of any
invoiced amount provided on an invoice within fifteen (15) days of receipt thereof (the “Invoice Objection”), Recipient and Provider shall attempt in good faith to resolve such dispute within thirty (30) days after the
delivery of such Invoice Objection. If Recipient and Provider are able to resolve such dispute within such thirty (30) day period, the Payment Date for the amount Recipient and Provider agreed shall be ten (10) days after such resolution.
If Recipient and Provider are unable to resolve all such disputes within such thirty (30) day period, the matters remaining in dispute shall be submitted to the Accounting Referee to resolve any remaining disputed items as soon as practicable,
but in no event later than sixty (60) days after its retention. The resolution of disputed items by the Accounting Referee shall be final and binding. The cost of such Accounting Referee’s review and report shall be borne by Provider and
Recipient in inverse proportion as they may prevail on the matters resolved by the Accounting Referee, which proportionate allocation shall be calculated on an aggregate basis based on the relevant dollar values of the amounts in dispute and shall
be determined by the Accounting Referee at the time the determination of such Accounting Referee is rendered on the merits of the matters submitted. The Payment Date for any amounts the Accounting Referee determines are owed shall be ten
(10) days after the Accounting Referee renders its decision. 
 Section 3.05.    No Set-off Rights. Subject to the foregoing Recipient shall pay the full amount of the Service Charges and shall not set-off, counterclaim or otherwise withhold any amount
owed to Provider under this Agreement on account of any obligation owed by Provider to Recipient. 
 ARTICLE IV 

INTELLECTUAL PROPERTY 

Section 4.01.    Title to Intellectual Property. 

(a)    This Agreement and the performance of the Services hereunder will not affect or result in the transfer of any
rights, title and interest in or to, or the ownership of, any Intellectual Property of Provider or any other member of its Group and neither party will gain, by virtue of this Agreement or the provision of Services hereunder, by implication or
otherwise, any rights, title, interest, license or ownership in, to or under any Intellectual Property owned by the other party or any other member of such other party’s Group. For the 

  
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avoidance of doubt, to the extent Provider uses any Intellectual Property in connection with providing a Service hereunder, such Intellectual Property, and any derivative works or modifications
thereof or improvements thereto (collectively, “Improvements”), shall remain, as between the parties, the sole and exclusive property of Provider. To the extent ownership of any such Intellectual Property and Improvements does not
vest in Provider, Recipient hereby assigns to Provider all of its right, title and interest in and to such Intellectual Property and Improvements. 

ARTICLE V 
 TAX 

Section 5.01.    Cooperation for Statutory and Tax Filings. Recipient undertakes and agrees to cooperate in
accordance with the standard for Services described in Section 2.02 to enable Provider to complete in a timely manner any and all statutory and Tax filings required to be filed by Provider that include any information related to their
respective Business, as applicable. Recipient will provide and, as applicable, cause its employees and its Affiliates and their employees to provide, all such reasonable cooperation to Provider, the members of its Group and their respective
representatives with respect to such filings as is reasonably requested including preparing or causing to be prepared (to the extent consistent with past practices) and furnishing or causing to be furnished records, information, work papers, reports
and other documents as requested by Provider, its Affiliates or their respective representatives and causing Transferred Employees who possess relevant knowledge to make themselves available for consultation with respect to the foregoing;
provided, that notwithstanding anything to the contrary in this Section 5.01, Recipient will only be obligated to cause any Person to cooperate with Provider pursuant to this Section 5.01 if and for so long as Recipient is capable
of directing the actions of such Person. This Section 5.01 shall not be construed to require VF or any member of its Group to make available any Tax Return (as defined in the Tax Matters Agreement) to Kontoor Brands or any member of its Group
unless the provision of such Tax Return is expressly contemplated by the Tax Matters Agreement. 
 ARTICLE VI 

TERM AND TERMINATION 

Section 6.01.    Transition Period. The term of this Agreement (the “Transition Period”)
shall commence on the date hereof and continue with respect to each of the Services for the term set forth on the Services Schedule, unless earlier terminated pursuant to this Article VI or, with respect to any given Service or Services, pursuant to
Section 2.01. 
 Section 6.02.    Termination. 

(a)    Notwithstanding Section 6.01, each party reserves the right to immediately terminate this Agreement by written
notice to the other in the event that: 
 (i)    the other party breaches or is in default of any
material obligation under this Agreement and such breach or default remains uncured for thirty (30) days after receipt of written notice from the non-breaching party; 

(ii)    the other party shall (A) apply for or consent to the appointment of a receiver, trustee or
liquidator, (B) admit in writing a general inability to pay debts as they mature, (C) make a general assignment for the benefit of creditors, or (D) file a voluntary petition or have filed against it a petition (which is not dismissed
within sixty (60) days) for an order of relief under the federal bankruptcy code, as the same may be amended, so as to take advantage of any insolvency laws or to file an answer admitting the general obligations of an insolvency petition; or

 (iii)    the other party shall have been prevented from exercising normal managerial control over all
or any substantial part of its property by reason of the entry of any order, judgment or decree by any court or 

  
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governmental agency of competent jurisdiction approving a petition seeking the reorganization of such party, or appointment of a receiver, trustee, liquidator or the like of such party or a
substantial part of its assets. 
 (b)    This Agreement may be terminated upon the mutual written consent of the parties
hereto. 
 (c)    Upon the effective date of termination of this Agreement pursuant to this Article VI, neither party
will have any further obligations to provide Services or pay any future Service Charges relating to any Services; provided that Recipient shall remain obligated to the relevant Provider for the Service Charges and any other fees, costs and
expenses owed and payable in accordance with the terms of this Agreement in respect of Services provided prior to the effective date of termination. 

(d)    Except as provided for in Section 2.01, any termination of this Agreement with respect to any one or more
Services pursuant to Section 2.01 shall not terminate this Agreement with respect to any other Service then being provided pursuant to this Agreement. 

(e)    Survival. The parties hereby acknowledge and agree that the obligations of each party set forth in
Section 2.01, Section 2.06, Section 5.01, Section 6.02(c), Section 6.02(e), Article VII and Article IX hereof shall survive any termination of this Agreement. 

ARTICLE VII 

LIMITATION OF LIABILITY; INDEMNITY 

Section 7.01.    Limitation of Liability. (a) Provider may rely conclusively on, and will have no
liability to Recipient for acting pursuant to and in accordance with, any notice or request which Recipient or those acting on its behalf provides to Provider in connection with the performance of the Services. 

(b)    NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS AGREEMENT, NO PARTY HERETO SHALL BE LIABLE FOR (I) ANY
SPECIAL, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY, INDIRECT OR OTHER SIMILAR DAMAGES OR DAMAGES FOR LOST PROFITS OR DIMINUTION IN VALUE) EXCEPT TO THE EXTENT THAT THE OTHER PARTY IS REQUIRED TO PAY ANY SUCH AMOUNTS TO A THIRD PARTY, IN EACH
CASE ARISING FROM ANY CLAIM RELATING TO THIS AGREEMENT OR ANY OF THE SERVICES PROVIDED HEREUNDER (INCLUDING DELIVERABLES ASSOCIATED THEREWITH), INCLUDING PERFORMANCE OR FAILURE TO PERFORM UNDER THIS AGREEMENT, OR (II) THE FURNISHING,
PERFORMANCE, OR USE OF ANY GOODS OR SERVICES SOLD OR PERFORMED PURSUANT HERETO, WHETHER BASED UPON AN ACTION OR CLAIM IN CONTRACT, TORT (INCLUDING NEGLIGENCE OR STRICT LIABILITY), BREACH OF WARRANTY, OR OTHERWISE, IN EACH CASE, EXCEPT IN THE CASE OF
GROSS NEGLIGENCE OR INTENTIONAL MISCONDUCT OF SUCH PARTY. FURTHER, THE LIABILITY OF PROVIDER TO RECIPIENT FOR ANY LOSS OR DAMAGE ARISING IN CONNECTION WITH PROVIDING THE SERVICES HEREUNDER SHALL NOT EXCEED THE TOTAL AMOUNT BILLED OR BILLABLE TO
RECIPIENT UNDER THIS AGREEMENT FOR THE SERVICE THAT IS THE SUBJECT OF THE DISPUTE. 
 (c)    EACH PARTY ACKNOWLEDGES AND
AGREES THAT, EXCEPT AS OTHERWISE PROVIDED IN THIS AGREEMENT, ALL SERVICES ARE PROVIDED ON AN “AS IS, WHERE IS” BASIS AND “WITH ALL FAULTS” AND THAT PROVIDER MAKES NO REPRESENTATIONS OR WARRANTIES, WHETHER EXPRESS, IMPLIED OR
STATUTORY, WITH RESPECT TO THE SERVICES TO BE PROVIDED HEREUNDER, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT WHICH ARE
SPECIFICALLY DISCLAIMED. 
 Section 7.02.    Indemnification. (a) Except to the extent otherwise
provided in this Agreement, Recipient shall indemnify, defend and hold harmless Provider and its Affiliates and all of their respective directors, 

  
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officers, employees, agents, successors and assigns against, any Damages which any such Person may sustain or incur arising out of, related to or resulting from the performance of the Services by
Provider or any of the members of its Group, including by reason of any claim, demand, suit or recovery by any third party, except to the extent such Damages arise out of or result from Provider’s or any of its Affiliates’ or
Subcontractors’ gross negligence or intentional misconduct. 
 (b)    Except to the extent otherwise provided in
this Agreement, Provider shall indemnify, defend and hold harmless Recipient and its Affiliates and all of their respective directors, officers, employees, agents, successors and assigns against, any Damages which any such Person may sustain or
incur arising out of, related to or resulting from Provider’s or any of its Affiliates’ or Subcontractors’ provision of any Services to Recipient or any of the members of its Group, including by reason of any claim, demand, suit or
recovery by any third party, solely to the extent such Damages are caused by the gross negligence or intentional misconduct of Provider of its Affiliates or Subcontractors. 

(c)    Section 5.04 of the Separation and Distribution Agreement is hereby incorporated into this Agreement by this
reference, mutatis mutandis, in relation to claims of indemnification made by Provider under Section 7.02(a) hereof. 

Section 7.03.    Obligation to Correct. In the event of any breach of this Agreement by Provider with respect
to any material error or defect in the provision of any individual Service, Provider shall, at Recipient’s request, correct such error or defect or re-perform such Service in a timely manner as promptly
as practical after Recipient’s request at the expense of Provider. 
 Section 7.04.    Exclusive
Remedy. The provisions of this Article VII shall be the sole and exclusive remedies of the Provider, Recipient or any of their Affiliates and all of their respective directors, officers, employees, agents, successors and assigns, as applicable,
for any Damages, whether arising from statute, principle of strict liability, tort, contract or any other theory of liability at law or in equity under this Agreement. 

ARTICLE VIII 

ACCESS AND DATA PROTECTION 

Section 8.01.    Access to Records and Properties. Recipient shall, during normal business hours and with
reasonable prior notice, in such a manner as to not interfere unreasonably with the conduct of the Kontoor Brands Business or the VF Business, as applicable, provide Provider (a) with access to or copies of information (including, if necessary,
its books and records) and (b) physical access to computer and communications systems, servers, software and other information technology equipment (“Systems”) in order to maintain or service such system servers, software and
equipment, in each case solely for the purposes of Provider’s provision of the Services and solely to the extent necessary for Provider to provide the Services. 

Section 8.02.    Systems. The parties will reasonably cooperate to ensure that only those persons who are
specifically authorized to have access to the Systems of Provider, Recipient or any of the members of their respective Group gain such access, and such persons shall access such Systems only for the limited purpose of supporting the provision of the
Services and shall abide by any and all access policies, procedures, rules and restrictions applicable to such Systems, including with respect to data security and applicable security, privacy and antitrust laws, that are provided to such person in
advance of such access or from time to time thereafter. The parties will take all reasonable steps to prevent the unauthorized or unlawful access, use, damage, disablement, destruction, alteration, disruption, impairment or loss of such Systems and
any information contained therein. 
 The parties acknowledge and agree that certain data protection matters resulting from the processing
of personal data relating to performance of the Services shall be addressed and governed by a Data Processing Agreement, substantially in the form attached as Exhibit A hereto, to be entered into by the parties, in accordance with
applicable privacy laws. 

  
 8 

 Section 8.03.    Cyber Events. In the event that either party (or
any member of its Group) becomes aware of an actual or suspected Cyber Event of any of the Systems used by or on behalf of either party (or any member of either party’s Group) that is reasonably likely to relate to or otherwise affect any
Service (including any data processing activities provided as part of any Service), then (a) such party shall immediately notify the other party, (b) to the extent that VF or any member of its Group is providing Incident Response
Management Services to the Kontoor Brands Group, VF shall, as promptly as practicable, initiate the response to such Cyber Event in accordance with its applicable incident response policies and procedures and the applicable Services Schedule, and
(c) to the extent that VF and the other members of its Group are no longer providing Incident Response Management Services to the Kontoor Brands Group, the representatives of each party shall, as promptly as practicable, meet, confer (including
by sharing all relevant information relating to such Cyber Event) and determine which party shall lead the response to such Cyber Event (such party, the “Responding Party”), which response shall be carried out in accordance with the
Responding Party’s applicable incident response policies and procedures. The parties acknowledge and agree that, in the event of any such Cyber Event, time shall be of the essence, and accordingly, in the case of the foregoing clause (c),
the determination of the Responding Party shall be made by VF in its sole discretion (after considering in good faith any comments from Kontoor Brands with respect thereto). 

ARTICLE IX 

MISCELLANEOUS 

Section 9.01.    Notice. Except with respect to routine communications in accordance with the terms of the
Governance Model, any notice, instruction, direction or demand under the terms of this Agreement required to be in writing shall be duly given upon delivery, if delivered by hand, facsimile transmission, mail, or
e-mail transmission to the following addresses: 
 If to VF to: 

VF Corporation 

105 Corporate Center Blvd. 

Greensboro, North Carolina 27408 

Attn: General Counsel’s Office 

Email: [—] 

with a copy to: 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 

New York, New York 10017 

Attn:     Marc O. Williams 

             Daniel Brass 

Email: marc.williams@davispolk.com 

            daniel.brass@davispolk.com 

If to Kontoor Brands to: 

Kontoor Brands, Inc. 

400 N. Elm Street, 

Greensboro, North Carolina 27401 

Attn: General Counsel’s Office 

Email: [—] 

  
 9 

 with a copy to: 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 

New York, New York 10017 

Attn:     Marc O. Williams 

             Daniel Brass 

Email: marc.williams@davispolk.com 

            daniel.brass@davispolk.com 

or such other address or facsimile number as such party may hereafter specify for the purpose by notice to the other party hereto. All such notices, requests
and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of receipt and such day is a Business Day in the place of receipt. Otherwise, any such notice, request or
communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt. 

Section 9.02.    Force Majeure. Provider shall not (and no Person acting on Provider’s behalf shall) be
responsible for a delay in or non-performance with respect to the delivery of any Service if the performance of such Service becomes impossible or impracticable, including, as a result of an act of god or
public enemy, war, terrorism, government acts or regulations, fire, flood, embargo, quarantine, epidemic, unusually severe weather or other cause similar to the foregoing (a “Force Majeure Event”); provided, however,
that Provider notifies the Recipient as soon as reasonably practicable, in writing, upon learning of the occurrence of the Force Majeure Event. Subject to compliance with this Section 9.02, Provider’s obligations hereunder with respect to
such Service shall be postponed for such time as its performance is suspended or delayed on account of the Force Majeure Event, and upon the cessation of the Force Majeure Event, Provider will use its commercially reasonable efforts to resume its
performance hereunder. 
 Section 9.03.    Confidentiality. Each party acknowledges that it or a member of
its Group may have in its possession, and, in connection with this Agreement, may receive, Confidential Information of the other party or any member of its Group (including information in the possession of such other party relating to its clients or
customers). Each party shall hold and shall cause its Representatives and the members of its Group and their Representatives to hold in strict confidence and not to use, except as permitted by this Agreement all such Confidential Information
concerning the other Group unless (a) such party or any of the members of its Group or its or their Representatives is compelled to disclose such Confidential Information by judicial or administrative process or by other requirements of
Applicable Law or (b) such Confidential Information can be shown to have been (i) in the public domain through no fault of such party or any of the members of its Group or its or their Representatives, (ii) lawfully acquired after the
Distribution Date on a non-confidential basis from other sources not known by such party to be under any legal obligation to keep such information confidential or (iii) developed by such party or any of
the members of its Group or its or their Representatives without the use of any Confidential Information of the other Group. Notwithstanding the foregoing, such party or member of its Group or its or their Representatives may disclose such
Confidential Information to the members of its Group and its or their Representatives so long as such Persons are informed by such party of the confidential nature of such Confidential Information and are directed by such party to treat such
information confidentially. The obligation of each party and the members of its Group and its and their Representatives to hold any such Confidential Information in confidence shall be satisfied if they exercise the same level of care with respect
to such Confidential Information as they would with respect to their own proprietary information. If such party or any of a member of its Group or any of its or their Representatives becomes legally compelled to disclose any documents or information
subject to this Section 9.03, such party will promptly notify the other party and, upon request, use commercially reasonable efforts to cooperate with the other party’s efforts to seek a protective order or other remedy. If no such
protective order or other remedy is obtained or if the other party waives in writing such party’s compliance with this Section 9.03, such party or the member of its Group or its or their Representatives may furnish only that portion of the
information which it concludes, after consultation with counsel, is legally required to be disclosed and will exercise its commercially reasonable efforts to 

  
 10 

 
obtain reliable assurance that confidential treatment will be accorded such information. Each party agrees to be responsible for any breach of this Section 9.03 by it, the members of its
Group and its and their Representatives. 
 Section 9.04.    No Partnership, Joint-Venture Or Agency
Created. The relationship of Provider and Recipient shall be that of independent contractors only. Nothing in this Agreement shall be construed as making one party a partner, joint-venturer, agent or legal representative of the other or
otherwise as having the power or authority to bind the other in any manner. 
 Section 9.05.    Successors and
Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; provided that neither party may assign, delegate or otherwise transfer
any of its rights or obligations under this Agreement without the consent of the other party hereto. If any party or any of its successors or permitted assigns (i) shall consolidate with or merge into any other Person and shall not be the
continuing or surviving corporation or entity of such consolidation or merger or (ii) shall transfer all or substantially all of its properties and assets to any Person, then, and in each such case, proper provisions shall be made so that the
successors and assigns of such party shall assume all of the obligations of such party under this Agreement. 

Section 9.06.    Counterparts; Effectiveness. This Agreement may be signed in any number of counterparts, each
of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by the other
party hereto. Until and unless each party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or
written agreement or other communication). 
 Section 9.07.    Interpretation; Incorporation of Terms by
Reference. This Agreement is an “Ancillary Agreement” as such term is defined in the Separation and Distribution Agreement and shall be interpreted in accordance with the terms of the Separation and Distribution Agreement in all
respects, provided that in the event of any conflict or inconsistency between the terms of this Agreement and the terms of the Separation and Distribution Agreement in respect of the subject matter of this Agreement, the terms of this
Agreement shall control in all respects. The captions herein are included for convenience of reference only and shall be ignored in the construction or interpretation hereof. 

Section 9.08.    Governing Law. This Agreement shall be governed by and construed in accordance with the laws
of the State of New York, without regard to the conflicts of law rules of such state. 

Section 9.09.    Jurisdictions. The parties hereto agree that any suit, action or proceeding seeking to
enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in the United States District Court for the Southern District of New York or in any New
York State court sitting in New York City, so long as one of such courts shall have subject matter jurisdiction over such suit, action or proceeding, and that any cause of action arising out of this Agreement shall be deemed to have arisen from the
transaction of business in the State of New York, and each of the parties hereby irrevocably consents to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit, action or proceeding and
irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or proceeding brought in
any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any party anywhere in the world, whether within or outside of the jurisdiction of any such court. Without limiting the
foregoing, each party agrees that service of process on such party as provided in Section 9.01 shall be deemed effective service of process on such party. 

Section 9.10.    WAVIER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT
TO TRIAL BY JURY IN ANY LEGAL PROCEEDING 

  
 11 

 
ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 9.11.    Specific Performance. Each party to this Agreement acknowledges and agrees that damages for a
breach or threatened breach of any of the provisions of this Agreement would be inadequate and irreparable harm would occur. In recognition of this fact, each party agrees that, if there is a breach or threatened breach, in addition to any damages,
the other nonbreaching party to this Agreement, without posting any bond, shall be entitled to seek and obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction, attachment, or any
other equitable remedy which may then be available to obligate the breaching party (i) to perform its obligations under this Agreement or (ii) if the breaching party is unable, for whatever reason, to perform those obligations, to take any
other actions as are necessary, advisable or appropriate to give the other party to this Agreement the economic effect which comes as close as possible to the performance of those obligations (including, but not limited to, transferring, or granting
liens on, the assets of the breaching party to secure the performance by the breaching party of those obligations). 

Section 9.12.    Performance. Each party shall cause to be performed all actions, agreements and obligations
set forth herein to be performed by any member of such party’s Group. 
 Section 9.13.    Amendments; No
Waivers. (a) Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by VF and Kontoor Brands, or in the case of a waiver, by the party
against whom the waiver is to be effective. 
 (b)    No failure or delay by any party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided
shall be cumulative and not exclusive of any rights or remedies provided by Applicable Law. 
 * * * * * 

  
 12 

 IN WITNESS WHEREOF, each of the parties has caused this Agreement to be duly executed as of
the day and year first above written. 
  

			
	V.F. CORPORATION
		
	By:	 	/s/ Joe Alkire
		 	Name: Joe Alkire
		 	Title: Vice President, Corporate Development,           Treasury, Investor Relations
	
	KONTOOR BRANDS, INC.
		
	By:	 	/s/ Rustin Welton
		 	Name: Rustin E. Welton
		 	Title:   VP & CFO

  
 13 

 Exhibit A 

Data Processing Agreement 
 This Data
Processing Agreement (“DPA”) is entered into by and between 
  

	 	(i)	 LeeWrangler International Sagl, having its principal place of business at Via Vite 3 – 6855 Stabio
(Switzerland); in its own interest and also acting as principal entity for the EMEA region, on behalf of all Limited Risk Distributors companies and other affiliate companies belonging to the Kontoor Brands Group in the EMEA region (all together,
the “Controller”); 

  

	 	(ii)	 VF International Sagl having its principal place of business at Via Laveggio 5 – 6855 Stabio
(Switzerland), in its own interest and also acting as principal entity for the EMEA region, on behalf of all Limited Risk Distributors companies and other affiliate companies belonging to the VF Group in the EMEA region (all together, the
“Processor”); 

 (each a “Party” and collectively the “Parties”). 

PREAMBLE 
  

			
	Whereas, 	  	The Processor parent company VF Corporation, has separated into two independent publicly traded entities in the U.S.A.: VF Corporation and Kontoor Brands, Inc. (the Controllers’ parent company), which will hold
VF’s jeans (LEE and WRANGLER brands) business (“the Transaction”). The Controller hereunder is the Kontoor Brands Groups’ principal entity for the EMEA region.
		
	Whereas,	  	In the context of the Transaction VF Corporation and Kontoor Brands Inc. have entered into a transitional services agreement (“the Services Agreement”) in order to facilitate the orderly transition of the
Jeanswear Business from VF and the members of the VF Group to the Kontoor Brands Group.
		
	Whereas,	  	under the Services Agreement concluded, Processor agreed to provide the Controller with the services as further specified in Appendix 1 of this DPA (the “Services”);
		
	Whereas, 	  	in rendering the Services, the Processor may from time to time be provided with, or have access to, information of the Controller which may qualify as personal data within the meaning of the Regulation (EU) 2016/679 of the
European Parliament and of the Council of April 27, 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (“GDPR”) and the Swiss Federal Act on Data Protection
of June 19, 1992 (“FADP”) as well as other applicable data protection laws and provisions; and
		
	Whereas,	  	the Parties agree that the sets of data transfers covered by this DPA qualify as commissioned data processing as per Art. 28 of the GDPR with Processor qualifying as processor within the meaning of the GDPR and that they would
like to use this DPA as the required contractual processing agreement.

 NOW, THEREFORE, in order to adduce adequate safeguards with respect to the protection of privacy and
fundamental rights and freedoms of individuals for the transfer by the Controller to the Processor of the Personal Data specified in Appendix 1, the Parties have entered into this DPA as follows: 

1.    Definitions 
 For the purposes
of this DPA, the terminology and definitions as used by the GDPR shall apply. In addition, the terms defined throughout the DPA and below shall apply: 
  

			
	“Data Subject”	  	shall mean the natural or legal person whose data is processed.
		
	“Member State”	  	shall be understood as referring to a country that is a member of the European Union (“EU”) or the European Economic Area (“EEA”).
		
	“Personal Data”	  	shall mean any information relating to an identified or identifiable natural or legal person (Data Subject, as defined above).
		
	“Personality Profile”	  	shall mean a collection of data that permits an assessment of essential characteristics of the personality of a natural person.
		
	“Security Breach”	  	shall mean a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of, or access to, Personal Data transmitted, stored or otherwise processed which affects the Personal
Data of the Controller covered by this DPA.
		
	“Sub-processor”	  	shall mean any further processor, located within or outside the EU/EEA, that is engaged by Processor as a sub-contractor for the performance of the Services or parts of the Services on
behalf of the Controller provided that such Sub-processor has access to the Personal Data of Controller exclusively for purposes of carrying out the subcontracted Services on behalf of the
Controller.

 2.     General responsibilities of the Parties 

2.1    Responsibilities of the Controller 

2.1.1    The Controller is responsible to confirm that the processing activities relating to the Personal Data, as specified in the
Services Agreement and this DPA, are lawful, fair and transparent in relation to the Data Subjects, as set out in Appendix 1. The Controller is responsible to confirm that Data Subjects are informed of the collection of special categories of
personal data or Personality Profiles, whereas Data Subjects must be notified of the Controller, the purpose of the processing and the categories of data recipients (article 14 FADP). 

2.1.2    The Controller is responsible to confirm before processing is carried out that the technical and organizational measures
of the Processor, as set out in Appendix 2, are appropriate and sufficient to protect the rights of the Data Subject. 

2.1.3    The Controller is responsible to comply with any notification and/or registration obligation set forth by the FADP prior
to the a transfer of Personal Data. 
 2.2    Obligations of the Processor 

2.2.1    The Processor agrees and warrants that it will process the Personal Data only on behalf of the Controller and in compliance
with its instructions and this DPA. If it cannot provide such compliance for whatever reasons, it agrees to inform promptly the Controller of its inability to comply, in which case, the Controller is entitled to suspend the transfer of data and/or
terminate the Service Agreement and this DPA. 

 2.2.3    The Processor is obliged to implement the technical and organizational
measures as specified in Appendix 2 before processing the Personal Data on behalf of the Controller. The Processor may amend the technical and organizational measures from time to time provided that the amended technical and organizational measures
are not less protective than those set out in Appendix 2. 
 2.2.4    The Processor agrees and warrants that it will deal
promptly and properly with all inquiries from the Controller relating to its processing of the Personal Data subject to the transfer and to abide by the advice of the supervisory authority with regard to the processing of the data transferred. 

2.2.5    The Processor shall be obliged to ensure that persons authorized to process the Personal Data on behalf of the Controller,
in particular employees of Processor and any Sub-processors, including their employees, process such Personal Data in compliance with the Controller’s instructions. 

2.2.6    The Processor is obliged to provide to the Controller the respective information on records of processing activities
relating to the services under this DPA, to the extent necessary for the Controller to comply with its obligation to maintain records of processing. 

2.2.7     If so required by the Controller, the Processor shall provide required assistance to the Controller in ensuring the
Controller’s compliance relating to data protection impact assessments and prior consultation with the supervisory authorities, taking into account the nature of the processing and the information available to the Processor. 

2.2.8     Whether the Processor has appointed a DPO (if required by applicable data protection law) and/or a representative (if the
Processor is established outside the Union), is obliged to provide the DPO (and/or representative) contact details to the Controller. 

2.2.9    The Processor is obliged - at the choice of the Controller - to delete or return to the Controller all Personal Data which
are processed by the Processor on behalf of the Controller under this DPA after the end of the provision of the Services, and delete any existing copies. Where the Processor is to delete the Personal Data, it shall certify to the Controller that it
has done so, unless EU or Member State law requires the Processor to retain such Personal Data. In that case, the Processor warrants that it will guarantee the confidentiality of the Personal Data transferred and will not actively process the
Personal Data transferred anymore. 
 2.2.10    The Processor shall not disclose or transfer any Personal Data processed on
behalf of the Controller to any third party, without previously informing the Controller and obtaining the Controller’s prior written consent, unless it is legally required or permitted to do so under applicable law. 

2.2.11    The Processor, and any Sub-processor appointed according to Section 8 of
this DPA, cooperates with the Controller and with the Supervisory Authority, upon request, in the provision of documents, in the performance of obligations and/or in any further tasks, when such tasks are requested directly or indirectly by a
Supervisory Authority. 
 2.3    The Parties are required to comply with those obligations under the GDPR, the FADP and under any
other applicable data protection laws that apply to the Controller in its role as data controller or to the Processor in its role as data processor. 

3.    Instructions 

3.1    As required by Section 2.2.1 of this DPA, the Processor is obliged to process the Personal Data only on behalf of the
Controller and in accordance with Controller’s instructions and the Services Agreement (including this DPA), including with regard to transfers of Personal Data to a third country or an international organization, unless the Processor is
required to do so by EU or EU Member State law to which the Processor is subject. In such a case, the Processor shall inform the Controller of that legal requirement under EU or EU Member State 

 
law before processing the Personal Data beyond the Controller’s instructions, unless that law prohibits such information on important grounds of public interest, in which case the
information to Controller shall specify the legal requirement under such EU or EU Member State law. 
 3.2    The Controller may
give specifications to such instructions provided in this DPA and the Services Agreement as well as further instructions. Any further instructions that go beyond the instructions contained in this DPA or the Services Agreement shall be within the
subject matter of the Services Agreement and this DPA. Otherwise, the further instruction requires a change request pursuant to the Services Agreement. 

3.3    Instructions shall be given in writing, unless the urgency or other specific circumstances require another (e.g. oral,
electronic) form. Instructions in another form than in writing or in electronic form shall be documented in appropriate form. 

3.4    The Processor shall, in addition to other notification obligations provided in this DPA, notify the Controller, without
undue delay, if it holds that an instruction violates applicable data protection laws (“Challenged Instruction”). Upon providing such notification, the Processor is not obliged to follow the Challenged Instruction. If the Controller
confirms the Challenged Instruction upon the Processor’s information and acknowledges its liability for the Challenged Instruction, the Processor will implement such Challenged Instruction, unless the Challenged Instruction relates to
(i) the implementation of technical and organizational measures, (ii) the rights of the Data Subjects, or (iii) the engagement of Sub-processors. In case of (i) to (iii), the Controller may
contact a competent supervisory authority for a legal assessment of the Challenged Instruction. If the supervisory authority declares the Challenged Instruction as lawful, the Processor shall follow the Challenged Instruction. 

4.    Monitoring, audits, and inspections by the Controller 

4.1    In order to assist the Controller with its legal obligation to diligently choose a service provider, the Processor shall
monitor, by appropriate means, its own compliance and the compliance of its employees and Sub-processors with the respective data protection obligations of the Processor laid down in Art. 28 of the GDPR and in
this DPA in connection with the services. The Processor is obliged to make available to the Controller any information necessary to demonstrate compliance with such obligations. To document such self-monitoring activities, the Processor will provide
to the Controller periodic (at least annual) and, if available, occasion-based reports (also on demand of the Controller) regarding such controls (“Audit Report”). The Audit Reports shall be limited to information and data
processing systems that are relevant to the Services but shall at least include confirmation of proper instruction to the employees and Sub-processors, compliance with the technical and organizational
measures, confirmation of commitment to data secrecy, any occurred data breaches and/or security incidents, and the required and/or recommended improvements. The Controller shall have the right to request such audit reports at any time in order to
control the Processor’s compliance with its data protection obligations. 
 4.2    Controller may request inspections
conducted by the Controller or another auditor mandated by the Controller (“On-Site Audit”). Such On-Site Audit is subject to the following conditions: (i) On-Site Audits are limited to processing facilities and personnel of the Processor involved in the processing activities covered by this DPA; (ii) On-Site Audits
occur no more than once annually or as required by applicable data protection law or by a competent supervisory authority or immediately subsequent to a material Security Breach that affected the Personal Data processed by the Processor under this
DPA; (iii) may be performed during regular business hours, without substantially disrupting the Processor’s business operations and in accordance with the Processor’s security policies, and after a reasonable prior notice; and
(iv) the Controller shall bear any costs arising out of or in connection with the On-Site Audit at the Controller and the Processor, unless such On-Site Audit
identified that the Processor is not in compliance with its obligations in Art. 28 of the GDPR, in this DPA or in any applicable data protection law in which case the Processor shall bear any such costs. The Controller may create an audit report
summarizing the findings and observations of the On-Site Audit (“On-Site Audit Report”). On-Site Audit Reports
as well as Audit Reports are confidential information of the Processor and the 

 
Controller will not disclose them to third parties except for the Controller’s legal counsel and consultants, the Controller’s data protection officer, the Controller’s employees,
and the other affiliates of the Controller or if the Controller is required to disclose the information under applicable data protection law or upon a request from a competent supervisory authority or if the Processor consented to the disclosure.

 5.    Data secrecy 

5.1    The Processor shall be obliged to ensure that persons authorized to process the Personal Data on behalf of the Controller, in
particular employees of Processor and any Sub-processors, including their employees, have committed themselves to confidentiality or are under an appropriate statutory obligation of confidentiality relating to
the Personal Data and processing activities covered by this DPA. Upon request, Processor will demonstrate compliance with this obligation. 

6.    Notification obligation and Security Breach 

6.1    In addition to other notification obligations provided in this DPA, the Processor shall notify Controller without undue delay
about: (i) any legally binding request for disclosure of the Personal Data by a law enforcement authority, unless otherwise prohibited (such as a prohibition under criminal law to preserve the confidentiality of a law enforcement
investigation), or any orders by courts and competent regulators/authorities relating to the processing of Personal Data under this DPA; (ii) any complaints or requests received directly from a Data Subject (e.g., regarding access,
rectification, erasure, restriction of processing, data portability, objection to processing of data, automated decision-making) without responding to that request unless the Processor has been otherwise authorized to do so or otherwise required by
applicable law; and (iii) any Security Breach as defined herein or by applicable data protection law relating to the Services provided by the Processor. 

In any case, the Processor shall communicate to the Controller within max of 4 hours that the Security Breach has occurred. Within the further max 20 hours
the Processor shall collect and provide to the Controller the following detailed information: 
  

	 	a)	 the type of breach 

  

	 	b)	 the nature, sensitivity, and volume of Personal Data impacted 

 

	 	c)	 ease of identification of individuals 

 

	 	d)	 severity of consequences for individuals (ex. physical harm, psychological distress, humiliation or damage to
reputation) 

  

	 	e)	 the list of Data Subjects affected by the Security Breach (when available) including the contact information

  

	 	f)	 the categories and approximate number of Data Subjects concerned and the categories and approximate number of
Personal Data records concerned 

  

	 	g)	 likely consequences for the Controller of the Personal Data breach suffered by the Processor and/or by Sub-processors 

  

	 	h)	 measures taken or to be taken to address the Personal Data breach, to mitigate the effects and to minimize any
damage resulting from the Security Breach. 

 The Processor shall assist the Controller with the Controller’s obligation under
applicable data protection law to inform the Data Subjects and the supervisory authorities, as applicable, by providing relevant information taking into account the nature of the processing and the information available to the Processor. 

6.2    The Processor will indemnify and hold the Controller harmless of any claims, damages, liabilities, assessments, losses,
costs, administrative fines and other expenses (including, without limitation, reasonable attorneys’ fees and legal expenses) arising out of or resulting from any claim, allegation, demand, suit, action,

 
order or any other proceeding by a third party (including supervisory authorities) which the Controller suffers due to a Security Breach caused by the Processor, Processor’s employees,
directors, managers, agents or other staff members or by Processor’s Sub-processors. 

7.    Response to Data Subject requests 

7.1     The Processor shall assist the Controller, especially through appropriate technical and organizational measures, insofar as
this is possible, with the fulfilment of the Controller’s obligation to respond to requests for exercising the Data Subject’s rights. 

7.2     In addition to the assistance specified above, the Controller may request and require additional assistance from the
Processor in order to comply with the rights exercised by the Data Subjects. The Controller is obliged to determine whether or not a Data Subject has a right to exercise any such Data Subject rights and to give specifications to the Processor to
what extent the assistance is required. 
 8.    Sub-processing 

8.1    The Processor shall not engage any Sub-processor without previously informing the
Controller and obtaining the Controller’s prior written consent. Provided that Processor obtains such prior specific authorization, Processor’s engagement of Sub-processors is subject to the
following conditions: 
  

	(a)	 The Processor shall choose such Sub-processor diligently with special
attention to its good standing and experience with the provision of the subcontracted Services and the suitability of its technical and organizational measures. The Processor shall enter into a written contract with any Sub-processor and such contract shall (i) impose upon the Sub-processor the same obligations as imposed by this DPA upon the Processor, to the extent applicable to the
subcontracted Services, (ii) describe the subcontracted Services, and (iii) describe the technical and organizational measures the Sub-processor has to implement pursuant to Appendix 2 of this DPA,
as applicable to the subcontracted Services. The Processor must promptly send the Controller a copy of the contract between the Processor and the Sub-processor. 

 

	(b)	 The Processor shall throughout the term of this DPA, at no charge to the Controller, actively monitor,
regularly audit and, where applicable, take steps to enforce the compliance by each Sub-processor with its obligations, report promptly to the Controller any detected or reported
non-compliance by the Sub-processor and all actions taken to remedy any non-compliance. If at any time a Sub-processor fails to remedy any non-compliance within a reasonable time after notice requiring remedy, the Controller may revoke the approval for such Sub-processor. Where the Sub-processor fails to fulfil its data protection obligations, the Processor shall remain fully liable to the Controller for the performance of the Sub-processor’s obligations. 

  

	(c)	 The Processor is required to inform the Controller at the latest 30 days before a Sub-processor (who must be engaged in compliance with this DPA) is granted access to the Personal Data covered by this DPA, thereby giving the Controller the opportunity to object to such Sub-processor. 

  

	(d)	 If the Controller has a legitimate reason, the Controller can revoke the approval of any Sub-processor at any time. In this case, Section 8(c) of this DPA shall apply mutatis mutandis. 

  

	(e)	 In case any Sub-processor is located outside the EU/EEA in a country
that is not recognized as providing an adequate level of data protection, the Processor will (i) ensure that the Controller and the Sub-processor enter into a direct data processing agreement based on the
Standard Contractual Clauses for the Transfer of Personal Data to Processors Established In Third Countries pursuant to Commission Decision 2010/87/EU of 5 February 2010, or (ii) provide the Controller with information on the Sub-processor’s certification under the Privacy Shield program and regularly, at least annually, re-confirm that the
Sub-processor’s certification under the Privacy Shield program is still valid, or (iii) provide the Controller with other information and relevant documentation on the mechanism for international
data transfers pursuant to Art. 46 of the GDPR that is used to lawfully disclose the Controller’s Personal Data to the Sub-processor. 

 8.2    The Controller hereby expressly approves the Sub-processors engaged by the Processor for providing the Services before and up to the date of signing of this DPA. 

9.     Local law compliance 

9.1    The Parties have the right to ask for changes to any part of this DPA to the extent required to satisfy any interpretations,
guidance or orders issued by competent Union or Member State authorities, the competent Swiss authorities, national implementation provisions, or other legal developments concerning the GDPR and FADP requirements for the commissioning of data
processors in general or other requirements for the commissioning of data processors. The Parties will agree on the necessary changes in good faith effort taking their obligation to carry out this contractual relationship in compliance with
applicable data protection law into account. 
 10.    Effectiveness, term and termination 

10.1    This DPA shall be effective from March 31st, 2019 and shall have the same term as the Services Agreement. Save as otherwise
agreed herein, termination rights and requirements shall be the same as set forth in the Services Agreement. 
 11.    Document
hierarchy 
 11.1    In the event of contradictions or inconsistencies between the provisions of this DPA and the Services
Agreement and/or other agreements between the Parties, the provisions of this DPA shall prevail with regard to the Parties’ data protection obligations. In case of doubt as to whether clauses in such other agreements relate to the Parties’
data protection obligations, this DPA shall prevail. 
 12.    Other provisions 

12.1    Each Party is liable for its obligations set out in this DPA and in applicable data protection law. Any liability arising
out of or in connection with a violation of the obligations of this DPA or under applicable data protection law, shall follow, and be governed by, the liability provisions set forth in, or otherwise applicable to, the Services Agreement, unless
otherwise provided within this DPA. If the liability is governed by the liability provisions set forth in, or otherwise applicable to, the Services Agreement, for the purpose of calculating liability caps and/or determining the application of other
limitations on liability, the liability occurring under this DPA shall be deemed to occur under the relevant Services Agreement. 

12.2    The Processor will defend, indemnify, and hold harmless the Controller and the officers, directors, employees, successors,
and agents of the Controller (collectively, “indemnified parties”) from all claims, damages, liabilities, assessments, losses, costs, administrative fines and other expenses (including, without limitation, reasonable attorneys’ fees
and legal expenses) arising out of or resulting from any claim, allegation, demand, suit, action, order or any other proceeding by a third party (including supervisory authorities) that arises out of or relates to the violation of the
Processor’s obligations under this DPA. 
 12.3    This DPA shall be governed by the laws of Switzerland, except as
otherwise stipulated by applicable data protection law. The place of jurisdiction for all disputes regarding this DPA shall be as determined by the Services Agreement, except as otherwise stipulated by applicable data protection law. 

12.4    Should any provision of this DPA be invalid or unenforceable, then the remainder of this DPA shall remain valid and in
force. The invalid or unenforceable provision shall be either (i) amended as necessary to ensure its validity and enforceability, while preserving the Parties’ intentions as closely as possible or - should this not be possible -
(ii) construed in a manner as if the invalid or unenforceable part had never been contained therein. The foregoing shall also apply if this DPA contains any omission. 

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	Signature for Controller
		
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	 Title:
	 	  

		
	 Date:
	 	  

		
	 Signature:
	 	  

	
	Signature for Processor
		
	 Name:
	 	  

		
	 Title:
	 	  

		
	 Date:
	 	  

		
	 Signature:EX-10.3

 Exhibit 10.3 

INTELLECTUAL PROPERTY LICENSE AGREEMENT 

by and between 
 V.F. CORPORATION

 and 
 KONTOOR ENTERPRISES,
LLC 
 Dated as of May 17, 2019 

 INTELLECTUAL PROPERTY LICENSE AGREEMENT 

This INTELLECTUAL PROPERTY LICENSE AGREEMENT (this “Agreement”), dated as of May 17, 2019 (the “Effective
Date”), is made by and between V.F. Corporation, a Pennsylvania corporation (“VF”) and Kontoor Enterprises, LLC, a Delaware limited liability company (“Licensee”). 

WHEREAS, pursuant to the Restructuring, VF and the other members of the VF Group have contributed, transferred and conveyed, and agreed to
contribute, transfer and convey, to Kontoor Brands, Inc., a North Carolina corporation (“Kontoor Brands”), and the other members of the Kontoor Brands Group, certain of the VF Group’s assets, and members of the Kontoor
Brands Group have assumed, or will assume, certain of the VF Group’s liabilities, in each case, related to the Jeanswear Business, and as a result of such transactions, the Kontoor Brands Group will operate separately from the VF Group; 

WHEREAS, as a result of the transactions contemplated by the Restructuring, Licensee will be a Subsidiary of Kontoor Brands and a member of
the Kontoor Brands Group; and 
 WHEREAS, Licensee, on behalf of itself and the other members of the Kontoor Brands Group, desires to
obtain, and VF, on behalf of itself and the other members of the VF Group, is willing to grant, certain rights and licenses to use the Licensed VF IP and the VF Names and Marks in connection with the Jeanswear Business solely as set forth in this
Agreement; 
 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 agree as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.01. Certain Definitions. For the purposes of this Agreement the following terms shall have the following meanings: 

“Advertising Materials” means any and all advertising, marketing, and promotional images created primarily to
advertise, market, or promote any denim, apparel, accessories, footwear or related products in connection with the operation of the Jeanswear Business. 

“Advertising Materials License” has the meaning set forth in Section 2.04(a). 

 “Affiliate” means, with respect to any Person, any other Person directly or
indirectly controlling, controlled by, or under common control with, such other Person. For the purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of
the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the foregoing.
Notwithstanding any provision of this Agreement to the contrary (except where the relevant provision states explicitly to the contrary), no member of the VF Group, on the one hand, and no member of the Kontoor Brands Group, on the other hand, shall
be deemed to be an Affiliate of the other. 
 “Agreement” has the meaning set forth in the preamble. 

“Applicable Law” means, with respect to any Person, any federal, state, local or foreign law (statutory, common or
otherwise), constitution, treaty, convention, ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling, directive, guidance, instruction, direction, permission, waiver, notice, condition, limitation, restriction or prohibition
or other similar requirement enacted, adopted, promulgated, imposed, issued or applied by a Governmental Authority that is binding upon or applicable to such Person, its properties or assets or its business or operations. 

“Business Day” means any day, other than Saturday, Sunday or other day on which commercial banks in New York, New York
are authorized or required by Applicable Law to close. 
 “Distribution” means the distribution to the holders of the
issued and outstanding shares of common stock, without par value and stated capital of $0.25 per share, of VF (the “VF Common Stock”) as of the Record Date, by means of a pro rata dividend, 100% of the issued and outstanding
shares of common stock, without par value, of Kontoor Brands (the “Kontoor Brands Common Stock”), on the basis of one share of Kontoor Brands Common Stock for every seven then issued and outstanding shares of VF Common Stock.

 “Distribution Date” means May 22, 2019, the date on which the Distribution shall be effected. 

“Distribution Documents” means this Agreement and any other agreement entered between certain members of the VF Group
and certain members of the Kontoor Brands Group in connection with the Restructuring and/or Distribution, including, for the avoidance of doubt, the Separation and Distribution Agreement, a transition services agreement, a tax matters agreement, an
employee matters agreement, certain commercial agreements, certain shared facilities agreements and any other agreements, instruments or certificates related thereto or to the transactions contemplated by the Separation and Distribution Agreement.

  
 2 

 “Distribution Time” means the time at which the Distribution is
effective on the Distribution Date, which shall be deemed to be 11:59 p.m., Eastern Daylight Time, on the Distribution Date. 

“Effective Date” has the meaning set forth in the preamble. 

“Existing VF Inventory” has the meaning set forth in Section 2.04(a). 

“Form 10” means the registration statement on Form 10 filed by Kontoor Brands with the United States Securities and
Exchange Commission to effect the registration of Kontoor Brands Common Stock pursuant to the Securities Exchange Act of 1934 in connection with the Distribution, as such registration statement may be amended or supplemented from time to time. 

“Former Business” means any corporation, partnership, entity, division, business unit, business or set of business operations
that has been sold, conveyed, assigned, transferred or otherwise disposed of or divested (other than solely in connection with the Restructuring), in whole or in part, or the operations, activities or production of which has been discontinued,
abandoned, liquidated, completed or otherwise terminated, in whole or in part, in each case, by either Group prior to the Distribution Time. 

“Governmental Authority” means any multinational, foreign, federal, state, local or other governmental, statutory or
administrative authority, regulatory body or commission or any court, tribunal or judicial or arbitral authority which has any jurisdiction or control over either party (or any of their Affiliates). 

“Group” means, as the context requires, the Kontoor Brands Group, the VF Group or either or both of them. 

“Information Statement” means the Information Statement to be sent to each holder of VF Common Stock in connection
with the Distribution. 
 “Intellectual Property” means any and all intellectual property throughout the world,
including any and all U.S. and foreign (a) patents, invention disclosures, and all related continuations, continuations-in-part, divisionals, provisionals,
renewals, reissues, re-examinations, additions, extensions (including all supplementary protection certificates), and all applications and registrations therefor, (b) trademarks, service marks, names,
corporate names, trade names, domain names, social media identifiers, logos, slogans, trade dress, design rights, and other similar business identifiers or designations of source or origin and all 

  
 3 

 applications and registrations therefor, together with the goodwill symbolized by any of the foregoing
(collectively, “Trademarks”), (c) copyrights, works of authorship and copyrightable subject matter and all applications and registrations therefor, (d) trade secrets, know-how,
confidential data and information, technical information, including practices, techniques, methods, processes, inventions, developments, specifications, formulations, manufacturing processes, structures, chemical or biological manufacturing control
data, analytical and quality control information and procedures, pharmacological, toxicological and clinical test data and results, stability data, studies and procedures and regulatory information, (e) computer software (including source code,
object code, firmware, operating systems and specifications), (f) databases and data collections and (g) all rights to sue or recover and retain damages and costs and attorneys’ fees for the past, present or future infringement,
misappropriation or other violation of any of the foregoing. 
 “Inventory License Period” has the meaning set forth
in Section 2.04(a). 
 “Jeanswear Business” means the businesses and operations of (a) the VF 

Jeanswear coalition, which comprises the design, manufacture and sale of denim, apparel, accessories, footwear and related products marketed
under the principal brand names listed on Exhibit A, and (b) the VF Outlet business, which operates the VF Outlet stores located in the United States, in each case as more fully described in the Form 10 and the Information
Statement. 
 “Kontoor Brands” has the meaning set forth in the recitals. 

“Kontoor Brands Assets” means any and all assets, of whatever sort, nature or description, that are owned by, or have
been or will be assigned or otherwise transferred to, the Kontoor Brands Group, in each case pursuant to (a) the Restructuring, (b) the Separation and Distribution Agreement or (c) any other Distribution Document. For the avoidance of
doubt, the Kontoor Brands Assets includes the Licensed Kontoor Brands IP. 
 “Kontoor Brands Former Business” means
each Former Business previously owned, in whole or in part, or previously operated, in whole or in part, by VF or any of its Subsidiaries and, as determined by VF and in its sole discretion, primarily related to the Jeanswear Business or that would
have comprised part of the Jeanswear Business had such Former Business not been terminated, divested or discontinued prior to the Distribution Time, including the Former Businesses set forth on Exhibit B, but excluding, for the avoidance of
doubt, all VF Former Businesses. 
 “Kontoor Brands Group” means Kontoor Brands and its Subsidiaries as set forth on
Exhibit C, including all predecessors and successors to such Persons. 

  
 4 

 “Licensed Jeanswear Business” has the meaning set forth in Section
2.01. 
 “Licensed VF IP” has the meaning set forth in Section 2.01. 

“Licensee” has the meaning set forth in the preamble. 

“Person” means an individual, corporation, partnership, limited liability company, association, trust or other entity or
organization, including a Governmental Authority. 
 “Record Date” means the close of business on May 10, 2019,
the date determined by the Board of Directors of VF as the record date for the Distribution. 
 “Restructuring” means the
reorganization of certain businesses, assets and liabilities of the VF Group and the Kontoor Brands Group to be completed before the Distribution Time in accordance with the Restructuring Plan. 

“Restructuring Plan” means that certain Project Phoenix Global Macro Step Plan, the current version of which is
attached hereto as Annex A, as may be updated from time to time prior to the Distribution Time. 
 “Separation and
Distribution Agreement” means that certain Separation and Distribution Agreement to be entered into between VF and Kontoor Brands on the Distribution Date in connection with the Restructuring and the Distribution, substantially in the form
attached as an exhibit to the Form 10. 
 “Subsidiary” means, with respect to any Person, any other entity of which
securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by such Person. 

“Transitional Licenses” has the meaning set forth in Section 2.04(a). 

“VF” has the meaning set forth in the preamble. 

“VF Assets” means all assets, of whatever sort, nature or description, of VF or any of its Subsidiaries (including any
member of the Kontoor Brands Group) other than the Kontoor Brands Assets, including, for the avoidance of doubt, (a) any Trademarks that use, contain or include “VF”, either alone or in combination with other words, phrases or logos
and (b) the assets set forth on Exhibit D. 

  
 5 

 “VF Business” means all of the businesses conducted by VF and its
Subsidiaries from time to time, whether before, on or after the Distribution, other than the Jeanswear Business and any Kontoor Brands Former Business. For the avoidance of doubt, the Kontoor Brands Assets (and all assets and properties owned,
directly or indirectly, by entities forming all or part of such assets) will not be considered part of the VF Business. 
 “VF
Former Business” means the Former Businesses previously owned, in whole or in part, or previously operated, in whole or in part, by VF or any of its Subsidiaries and, as determined by VF in its sole discretion, primarily related to the VF
Business or that would have comprised part of the VF Business had they not been terminated, divested or discontinued prior to the Distribution Time, including the Former Business set forth on Exhibit E, but excluding, for the avoidance of
doubt, the Kontoor Brands Former Businesses. 
 “VF Group” means VF and its Subsidiaries (other than any member of the
Kontoor Brands Group) and, where applicable, the VF Former Businesses, including all predecessors and successors to such Persons (excluding, for the avoidance of doubt, all Kontoor Brands Former Businesses). 

“VF License” has the meaning set forth in Section 2.01. 

“VF Names and Marks” means any and all Trademarks of VF or any of its Affiliates (other than any Trademark included in
the Kontoor Brands Assets), including, for the avoidance of doubt, any that use, contain or include “VF”, in each case either alone or in combination with other words, phrases or logos, and any and all Trademarks derived therefrom or
confusingly similar thereto. 
 “VF Outlets License Period” has the meaning set forth in Section 2.04(a). 

Section 1.02. Other Definitional and Interpretative Provisions. (a) In this Agreement, unless the context clearly indicates
otherwise: 
 (i) words used in the singular include the plural and words used in the plural include the singular; 

(ii) references to any Person include such Person’s successors and assigns but, if applicable, only if such successors
and assigns are permitted by this Agreement; 
 (iii) except as otherwise clearly indicated, reference to any gender
includes the other gender; 

  
 6 

 (iv) the words “include,” “includes” and
“including” shall be deemed to be followed by the words “without limitation”; 
 (v) reference to any
Article or Section means such Article or Section of this Agreement, as the case may be, and references in any Section or definition to any clause means such clause of such Section or definition; 

(vi) the words “herein,” “hereunder,” “hereof,” “hereto” and words of similar import
shall be deemed references to this Agreement as a whole and not to any particular Section or other provision hereof; 
 (vii)
reference to any agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and by this Agreement; 

(viii) reference to any law (including statutes and ordinances) means such law (including all rules and regulations promulgated
thereunder) as amended, modified, codified or reenacted, in whole or in part, and in effect at the time of determining compliance or applicability; 

(ix) relative to the determination of any period of time, “from” means “from and including,” “to”
means “to and including” and “through” means “through and including”; 
 (x) the titles to
Articles and headings of Sections contained in this Agreement have been inserted for convenience of reference only and shall not be deemed to be a part of or to affect the meaning or interpretation of this Agreement; and 

(xi) unless otherwise specified in this Agreement, all references to dollar amounts herein shall be in respect of lawful
currency of the United States. 
 ARTICLE 2 

GRANT OF LICENSE 

Section 2.01. VF License. VF (on behalf of itself and the other members of the VF Group) hereby grants to Licensee and the other
members of the Kontoor Brands Group a non-exclusive, worldwide, fully paid-up, royalty-free, non-transferable (except as set
forth herein), non-sublicensable (except as set forth herein) license (the “VF License”) under the Intellectual Property owned by the VF Group and included in the VF Assets (excluding any
Trademarks), but only to the extent such Intellectual Property is used or held for use in the Jeanswear Business as of the Distribution Time (collectively, the “Licensed VF IP”) to use, reproduce, create derivative
works of, modify, distribute, make, have made, sell, offer for sale or import products and services solely in connection with the operation of the Jeanswear Business as conducted as of the Distribution Time and the natural extensions and evolutions
thereof (the “Licensed Jeanswear Business”). 

  
 7 

 Section 2.02. Sublicensing. The VF License includes the right for Licensee to
grant a sublicense to manufacturers, suppliers, distributors, contractors or consultants of the Licensed Jeanswear Business solely for the purpose of providing products and services to, or otherwise acting on behalf of and at the direction of,
Licensee; provided that (a) each permitted sublicensee under this Section 2.02 shall be bound by all obligations of Licensee under this Agreement relating to the VF License; (b) Licensee shall be liable for any breach of the
terms and conditions of this Agreement with respect to the VF License by any such sublicensee and (c) any sublicense granted hereunder shall terminate upon the termination of the VF License. 

Section 2.03. Assistance. Notwithstanding anything in this Agreement to the contrary, with respect to the Licensed VF IP, neither
VF nor any other member of its Group shall be obligated to provide any materials or embodiments of or related to such Licensed VF IP or any documentation, assistance, training, guidance, maintenance, support or any other service of any kind
whatsoever to Licensee, any other member of the Kontoor Brands Group, or any of Licensee’s permitted sublicensees with respect to its or their use, installation or maintenance of such Licensed VF IP; provided that, notwithstanding the
foregoing, VF shall provide Licensee, or another member of the Kontoor Brands Group designated by Licensee, with a copy of each item of software set forth on Exhibit D to this Agreement, in object and source code format. 

Section 2.04. Trademark Phase Out.

(a) Subject to the terms and conditions of this Section 2.04, VF, on behalf of itself and its Affiliates, hereby grants to Licensee and
the other members of the Kontoor Brands Group a limited, non-exclusive, royalty-free, fully paid-up, non-transferable, non-sublicensable license to use the VF Names and Marks (i) for a period of twenty-four (24) months (the “VF Outlets License Period”), but solely on the signage for the VF
Outlets business which bear such VF Names and Marks as of the Distribution Time, (ii) for a period of thirty-six (36) months (the “Inventory License Period”), but solely
to sell off any inventory existing as of the Distribution Time or manufactured within one hundred eight (180) days following the Distribution Time, in each case to the extent bearing such VF Names and Marks (“Existing VF
Inventory”) and (iii) unless and until terminated pursuant to Section 2.04(e), solely in connection with (A) the 

  
 8 

 continued public display, use and other exploitation of Advertising Materials to the extent included in the
Kontoor Brands Assets and containing products bearing any such VF Names and Marks as of the Distribution Time and (B) the creation, modification, public display, use and other exploitation of new Advertising Materials incorporating products
bearing any such VF Names and Marks following the Distribution Time (the license granted pursuant to this Section 2.04(a)(iii), the “Advertising Materials License” and collectively, the licenses granted pursuant to this
Section 2.04(a), the “Transitional Licenses”). 
 (b) Any use of the VF Names and Marks by Licensee and the
other members of the Kontoor Brands Group pursuant to this Section 2.04 shall be (i) in a manner substantially similar to the use of such VF Names and Marks as of immediately prior to the Distribution Time, (ii) subject to any style
or other usage guidelines in effect as of the Distribution Time or as VF may provide to Licensee from time to time and (iii) to the extent that such VF Names and Marks were used by VF and its Affiliates (including, for the avoidance of doubt,
Licensee and the other members of the Kontoor Brands Group) as of immediately prior to the Distribution Time in connection with products (including Existing VF Inventory), services or other materials, used in connection with such products, services
or other materials of at least the same or higher quality with respect thereto. 
 (c) During the VF Outlets License Period, any VF outlet
stores bearing the VF Names and Marks shall be managed and maintained in a manner consistent with such practices as of immediately prior to the Distribution Time (including by offering a comparable quality and mix of products at comparable prices as
offered immediately prior to the Distribution Time). If Licensee or any other member of the Kontoor Brands Group desires to use the VF Names and Marks on the signage for the VF outlets business beyond the VF Outlets License Period, Licensee or such
member of the Kontoor Brands Group shall provide VF with written notice no later than six (6) months prior to the expiration of the VF Outlets License Period (it being understood that after the receipt of such notice, VF and Licensee or the
applicable member of the Kontoor Brands Group shall negotiate in good faith an arms-length, non-exclusive, royalty-bearing trademark license agreement, not to exceed an additional eighteen (18) months
beyond the expiration of the VF Outlets License Period). Pursuant to such trademark license agreement, Licensee or the applicable member of the Kontoor Brands Group shall pay VF a royalty of two percent (2%) of the net sales of any VF Outlets
stores bearing the VF Names and Marks. The trademark license agreement shall also contain such other terms as are customary to an arms-length commercial agreement of its nature, including with respect to VF’s quality control, auditing and
approval rights, termination provisions and Licensee’s (or the applicable member of the Kontoor Brands Group’s) recordkeeping and indemnification obligations. 

  
 9 

 (d) Notwithstanding anything herein to the contrary, Licensee and the other members of the
Kontoor Brands Group shall use commercially reasonable efforts to sell off any Existing VF Inventory as promptly as practicable following the Distribution Time, and in any event prior to the expiration of the Inventory License Period. Every six
(6) months during the Inventory License Period, Licensee shall provide VF with a written report setting forth in detail (i) the amount of Existing VF Inventory sold during the previous six (6) months and (ii) the amount of
Existing VF Inventory remaining in stock (it being understood that, so long as VF is reasonably satisfied that Licensee and the other members of the Kontoor Brands Group are exercising commercially reasonable efforts to sell off any such Existing VF
Inventory during the initial Inventory License Period, in the event that the Existing VF Inventory has not been exhausted by end of such Inventory License Period, if requested in writing by Licensee, the Inventory License Period may be extended by
up to an additional two (2) years upon VF’s prior written consent, which shall not be unreasonably withheld).     

(e) Notwithstanding anything herein to the contrary, VF may terminate the Advertising Materials License in its sole discretion upon thirty
(30) days’ prior written notice to Licensee. Upon any such termination of the Advertising Materials License, Licensee shall, and shall cause the other members of the Kontoor Brands Group to, cease any and all uses of the VF Names and Marks
in connection with Advertising Materials as promptly as reasonably practicable, and in any event within thirty (30) days of receiving such written notice; provided that, for the avoidance of doubt, Licensee and the other members of the
Kontoor Brands Group may continue to use any Advertising Materials existing at the time of such termination so long as that any and all VF Names and Marks used in connection with such Advertising Materials are relabeled, covered, struck over, or
otherwise removed therefrom so as not to be visible, displayed or otherwise used on such Advertising Materials. 
 (f) VF shall have the
right to inspect the use of the VF Names and Marks by Licensee and the other members of the Kontoor Brands Group pursuant to the Transitional Licenses to ensure compliance with the requirements of this Section 2.04. In the event that VF finds,
in its sole discretion, that any such use deviates from such requirements, Licensee or the applicable member of the Kontoor Brands Group shall, as promptly as practicable, take all necessary steps to correct such
non-conforming use of the VF Names and Marks. Upon termination of the VF Outlets License Period or the Inventory License Period, as applicable, all corresponding rights of Licensee and the other members of the
Kontoor Brands Group to use the VF Names and Marks shall automatically terminate, and Licensee and the other members of the Kontoor Brands Group shall immediately cease such use of the VF Names and Marks. 

  
 10 

 (g) Licensee, on behalf of itself and the other members of the Kontoor Brands Group,
acknowledges and agrees that neither Licensee nor any other member of the Kontoor Brands Group shall (i) except as expressly set forth in this Section 2.04, have any rights in or to any of the VF Names and Marks or (ii) contest the
validity of any of the VF Names and Marks or VF’s or its Affiliates’ ownership rights therein or thereto. Any and all goodwill generated by the use of the VF Names and Marks under this Section 2.04 shall inure solely to the benefit of
VF and its Affiliates. Neither Licensee nor any other member of the Kontoor Brands Group shall use the VF Names and Marks in any manner that may harm, damage, disparage, challenge, bring into disrepute, impair or tarnish the reputation or goodwill
associated with VF, any of its Affiliates or any of the VF Names and Marks. 
 Section 2.05.
CHEM-IQ. For the avoidance of doubt, notwithstanding anything in this Agreement or any of the other Distribution Documents to the contrary, following the Distribution Time, Licensee and the other
members of the Kontoor Brands Group may exploit the CHEM-IQ mark and any of the related materials in accordance with VF’s practice of making such materials generally available to third parties on
its website free of charge, subject to any terms and conditions associated with such use. Licensee, on behalf of itself and the other members of the Kontoor Brands Group, acknowledges and agrees that nothing herein shall be construed as making any
representation or warranty of any kind with respect to the CHEM-IQ mark and any of the related materials. 

Section 2.06. Retention of Rights. Licensee (on behalf of itself and the other members of the Kontoor Brands Group) acknowledges
and agrees that, with respect to the Licensed VF IP and the VF Names and Marks, (a) as between the Kontoor Brands Group and the VF Group, VF and the other members of its Group are the sole and exclusive owners of all right, title and interest
in and to such Licensed VF IP and VF Names and Marks and (b) the VF License (including any sublicensing rights granted in Section 2.02) and Transitional Licenses are subject to, and limited by, any and all licenses, rights, limitations and
restrictions with respect thereto previously granted to or otherwise obtained by any third party that are in effect as of the date hereof. All rights not expressly granted by VF (on behalf of itself and the other members of its Group) herein are
hereby retained by the VF Group. 
 ARTICLE 3. 

DISCLAIMER 

Section 3.01. THE TRANSITIONAL LICENSES AND VF LICENSE AND ALL OTHER RIGHTS GRANTED HEREUNDER ARE MADE ON AN “AS IS, WHERE IS”
BASIS, AND VF HEREBY DISCLAIMS ANY EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES OF ANY KIND, 

  
 11 

 INCLUDING WITHOUT LIMITATION, THOSE REGARDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR OF NON-INFRINGEMENT. TO THE EXTENT PERMITTED BY APPLICABLE LAW, VF SHALL NOT BE LIABLE UNDER ANY LEGAL OR EQUITABLE THEORY FOR ANY INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES OF ANY KIND EVEN IF VF HAS BEEN
ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 
 ARTICLE 4 

MISCELLANEOUS 

Section 4.01. Notice. Any notice, instruction, direction or demand under the terms of this Agreement required to be in writing
shall be duly given upon delivery, if delivered by hand, facsimile transmission, mail, or e-mail transmission to the following addresses: 

If to VF to: 
 VF Corporation 

105 Corporate Center Blvd. 

Greensboro, North Carolina 27408 

Attn: General Counsel’s Office 

Email: [—] 
 with a copy to:

 Davis Polk & Wardwell LLP 

450 Lexington Avenue 
 New York,
New York 10017 
 Attn: Marc O. Williams 

Daniel Brass 
 Email:
marc.williams@davispolk.com 
 daniel.brass@davispolk.com 

If to Licensee to: 
 Kontoor
Enterprises, LLC 400 N. Elm Street, 
 Greensboro, North Carolina 27401 

Attn: General Counsel’s Office 

Email: [—] 

  
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 with a copy to: 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 
 New York,
New York 10017 
 Attn: Marc O. Williams 

Daniel Brass 
 Email:
marc.williams@davispolk.com 
 daniel.brass@davispolk.com 

or such other address or facsimile number as such party may hereafter specify for the purpose by notice to the other party hereto. All such
notices, requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of receipt and such day is a Business Day in the place of receipt. Otherwise, any such
notice, request or communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt. 

Section 4.02. Amendments; No Waivers. (a) Any provision of this Agreement may be amended or waived if, and only if, such amendment
or waiver is in writing and is signed, in the case of an amendment, by VF and Licensee, or in the case of a waiver, by the party against whom the waiver is to be effective. 

(b) No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any
single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies
provided by Applicable Law. 
 Section 4.03. Expenses. All third-party fees, costs and expenses paid or incurred in connection
with this Agreement will be paid by the party incurring such fees or expenses, whether or not the Distribution occurs, or as otherwise agreed by the parties in writing. 

Section 4.04. Successors and Assigns. The provisions of this Agreement (including the VF License and Transitional Licenses) shall
be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns; provided that neither party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement
(including the VF License and Transitional Licenses) without the consent of the other party hereto. If any party or any of its successors or permitted assigns (a) shall consolidate with or merge into any other Person and shall not be the
continuing or surviving corporation or entity of such consolidation or merger or (b) shall transfer all or substantially all of its properties and assets to any Person, then, and in each such case, proper provisions shall be made so that the
successors and assigns of such party shall assume all of the obligations of such party under this Agreement. 

  
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 Section 4.05. Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of New York, without regard to the conflicts of law rules of such state. 
 Section 4.06.
Counterparts; Effectiveness; Third-Party Beneficiaries. This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same
instrument. This Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by the other party hereto. Until and unless each party has received a counterpart hereof signed by the other party hereto, this
Agreement shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication). Neither this Agreement nor any provision hereof is intended to confer any
rights, benefits, remedies, obligations, or liabilities hereunder upon any Person other than the parties hereto, the respective members of their Groups, and each of their respective successors and permitted assigns. 

Section 4.07. Entire Agreement. This Agreement and the other Distribution Documents constitute the entire understanding of the
parties with respect to the subject matter hereof and thereof and supersede all prior agreements, understandings and negotiations, both written and oral, between the parties with respect to the subject matter hereof and thereof. No representation,
inducement, promise, understanding, condition or warranty not set forth herein or in the other Distribution Documents has been made or relied upon by any party hereto or any member of their Group with respect to the transactions contemplated by the
Distribution Documents. In the event and to the extent that there shall be a conflict between the provisions of this Agreement and the provisions of any other Distribution Document, this Agreement shall control with respect to the subject matter
hereof. 
 Section 4.08. Jurisdiction. The parties hereto agree that any suit, action or proceeding seeking to enforce any
provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in the United States District Court for the Southern District of New York or in any New York State
court sitting in New York City, so long as one of such courts shall have subject matter jurisdiction over such suit, action or proceeding, and that any cause of action arising out of this Agreement shall be deemed to have arisen from the transaction
of business in the State of New York, and each of the parties hereby irrevocably consents to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom) in 

  
 14 

 
any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit,
action or proceeding in any such court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any party anywhere in the world,
whether within or outside of the jurisdiction of any such court. Without limiting the foregoing, each party agrees that service of process on such party as provided in Section 4.01 shall be deemed effective service of process on such party.

 Section 4.09. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY
IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 4.10.
Termination. Notwithstanding any provision of this Agreement to the contrary, the Board of Directors of VF may, in its sole discretion and without the approval of Kontoor Brands or any other Person, at any time prior to the Distribution
terminate this Agreement and/or abandon the Distribution, whether or not it has theretofore approved this Agreement and/or the Distribution. In the event this Agreement is terminated pursuant to the preceding sentence, this Agreement shall forthwith
become void and neither party nor any of its directors or officers shall have any liability or further obligation to the other party or any other Person by reason of this Agreement. 

Section 4.11. Severability. If any one or more of the provisions contained in this Agreement should be declared invalid, illegal
or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained in this Agreement shall not in any way be affected or impaired thereby so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any party. Upon such a declaration, the parties shall modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner so
that the transactions contemplated hereby are consummated as originally contemplated to the fullest extent possible. 
 Section 4.12.
Survival. All covenants and agreements of the parties contained in this Agreement shall survive the Distribution Date indefinitely, unless a specific survival or other applicable period is expressly set forth herein. 

Section 4.13. Captions. The captions herein are included for convenience of reference only and shall be ignored in the
construction or interpretation hereof. 

  
 15 

 Section 4.14. Interpretation. In the event an ambiguity or question of intent or
interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of its authorship of any of the provisions of this
Agreement. 
 Section 4.15. Specific Performance. Each party to this Agreement acknowledges and agrees that damages for a breach
or threatened breach of any of the provisions of this Agreement would be inadequate and irreparable harm would occur. In recognition of this fact, each party agrees that, if there is a breach or threatened breach, in addition to any damages, the
other nonbreaching party to this Agreement, without posting any bond, shall be entitled to seek and obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction, attachment, or any other
equitable remedy which may then be available to obligate the breaching party (a) to perform its obligations under this Agreement or (b) if the breaching party is unable, for whatever reason, to perform those obligations, to take any other
actions as are necessary, advisable or appropriate to give the other party to this Agreement the economic effect which comes as close as possible to the performance of those obligations (including transferring, or granting liens on, the assets of
the breaching party to secure the performance by the breaching party of those obligations). 
 Section 4.16. Performance. Each
party shall cause to be performed all actions, agreements and obligations set forth herein to be performed by any member of such party’s Group. 

[The remainder of this page has been intentionally left blank; the next page is the signature page.] 

  
 16 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the date first written
above. 
  

			
	V.F. Corporation
		
	By:	 	 /s/ Laura C. Meagher

		 	Name:  Laura C. Meagher
		 	Title:    Vice President
	
	Kontoor Enterprises, LLC
		
	By:	 	 /s/ Rustin E. Welton

		 	Name:  Rustin E. Welton
		 	Title:    VP & CFO

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