Document:

SMG 2014-12-19 8K Exhibit 10.1

Exhibit 10.1

SEPARATION AGREEMENT
AND RELEASE OF ALL CLAIMS

NOTICE: READ BEFORE YOU SIGN! 
This agreement contains a RELEASE. We advise that you consult an ATTORNEY.

THIS SEPARATION AGREEMENT AND RELEASE OF ALL CLAIMS (“Agreement”) is made and entered into by and between Barry W. Sanders (“Employee”) and The Scotts Company LLC (“Company”);

WHEREAS, Employee’s last day of employment with Company shall be January 31, 2015 (the “Termination Date”);

WHEREAS, Employee is covered as a Tier 1 Participant under the Company’s Executive Severance Plan (“ESP”), the benefits of which are non-negotiable and only available upon the Effective Date of this Agreement;

NOW THEREFORE, in exchange for and in consideration of the promises and covenants contained herein, along with other good and valuable consideration, the receipt of which is expressly acknowledged hereby, the parties agree as follows:

1.Severance Benefits.  The parties agree that Employee has been separated from service for a reason covered by the Company’s Executive Severance Plan (and that receipt of this Agreement shall serve as a “Notice of Termination” as described therein) and, thus, Employee is entitled to the benefits available under the Executive Severance Plan.  Employee will also receive certain additional benefits set forth below.  All of these benefits are provided for future services or the performance of or adherence to future obligations.  The Company agrees to provide Employee with the following (collectively, the “Severance Benefits”):

(A)    Severance Pay equal to a continuation of salary, at Employee’s regular base pay as of the Termination Date (the “Severance Pay”), payable in accordance with standard Company payroll procedures for Twenty-Four (24) months (the “Severance Period”).  The Severance Pay shall be subject to withholding and deductions required by federal, state, and local taxing authorities with each installment.  In the event that Employee accepts re-employment with Scotts during the Severance Period, Scotts’ obligation to continue making severance payments will cease as of the date re-employment begins.  The Severance Pay shall begin to be paid on the first payroll date following the Termination Date.

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(B)    In lieu of outplacement services, a lump sum payment with the first installment of Severance Pay.  The lump sum shall be in the amount of Twenty-Four Thousand Dollars ($24,000.00) and it shall be subject to withholding and deductions required by federal, state, and local taxing authorities with each installment.   

(C)    A Benefit Payment as set forth in this subparagraph.  Employee shall be eligible to elect COBRA continuation benefits as to medical, dental and vision insurance benefits, and participation in the Employee Assistance Program as provided by applicable law.  At the time each payment of the Severance Pay is made pursuant to paragraph 1A, the Company shall also pay Employee an amount equal to the COBRA premium charged by the Company to terminated employees minus the premium Employee paid as an active employee for the benefits for which Employee was enrolled on the Termination Date, all calculated at the rates in effect at the Termination Date (a “Benefit Payment”).  This Benefit Payment will be made for each month starting with the month following the Termination Date for the length of the Severance Period, up to a maximum of eighteen (18) months.   This payment shall be subject to any applicable withholding and deductions required by federal, state, and local taxing authorities.

(D)    An Enhanced Bonus Amount equal to two times the Employee’s Target Bonus Opportunity for the fiscal year ending September 30, 2015.   This Enhanced Bonus Amount is more than Employee would receive under the Executive Severance Plan and is provided in part as consideration for Employee’s compliance with post-employment obligations including any non-competition, non-solicitation and confidentiality obligations.  The Enhanced Bonus Amount shall be paid in two equal installments.  The first installment shall be paid on the first payroll date following the first year anniversary of the Termination Date provided that Employee has continued to comply with all of his covenants and obligations under this Agreement until the date of payment.  The second installment shall be paid on the first payroll date following the second year anniversary of the Termination Date provided that Employee has continued to comply with all of his covenants and obligations under this Agreement until the date of payment.   These payments shall be subject to any applicable withholding and deductions required by federal, state, and local taxing authorities.

(E)    Confirming the vesting in the restricted stock units and related dividend equivalents granted to Employee on January 31, 2014, to the extent not previously vested.  This vesting shall occur on the Termination Date, and is in accordance with the terms of the agreement evidencing such award.  Such restricted stock units and related dividend equivalents will be settled in accordance with, and subject to, the terms of the agreement evidencing such awards. 

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(F)    Vesting in the Employee’s Performance Unit Awards, and related dividend equivalents, granted on January 18, 2013 and on January 31, 2014.  The Company acknowledges that the performance criteria, but not the service criteria, for both of these awards has already been or will be met as of the Termination Date.  This vesting shall occur as of the third anniversary of the respective grant and will be settled in accordance with, and subject to, the terms of the agreements evidencing such awards.   This vesting is contingent upon Employee executing after the Termination Date a supplemental release in substantially the same form as Exhibit 1.

The Severance Benefits described herein (including all payments described in this Paragraph 1 (A)-(F)) shall be the only amounts paid by or on behalf of Company, and no interest on this amount shall be paid.  Employee acknowledges and agrees that any outstanding equity awards will be governed by the terms of the respective award agreements and the Company’s Long Term Incentive Plan.  Employee acknowledges and agrees that the benefits described above are the benefits payable to Employee pursuant to the Executive Severance Plan plus the additional benefits in Paragraph 1(E) – (F)), and that he is not entitled to any other benefits under the Executive Severance Plan or any other plan or agreement.  Employee otherwise acknowledges hereby the receipt of all wages and other compensation or benefits to which Employee is entitled as a result of Employee’s employment with Company through the Effective Date.

Employee acknowledges and agrees that all Severance Benefits paid must be repaid and the payment of any future Severance Benefits, if any, will cease in the event that Employee has breached any post-employment obligations owed to the Company, including but not limited to those set forth in any non-competition, non-solicitation or confidentiality provision signed by the Employee.  

2.    Release of Claims.  Employee, on behalf of Employee and Employee’s spouse, personal representatives, administrators, minor children, heirs, assigns, wards, agents, and all other persons claiming by or through Employee, does hereby forever release and discharge Company and its respective officers, directors, shareholders, agents, employees, affiliates, subsidiaries, divisions, predecessors, successors, and assigns, both personally and in their representative capacities (the “Released Parties”) from any and all charges, claims, demands, judgments, causes of action, damages, expenses, costs, and liabilities of any kind whatsoever.  Employee expressly acknowledges that the claims released by this paragraph include all rights and claims relating to Employee’s employment with Company and the termination thereof, including without limitation any claims Employee may have under the Age Discrimination in Employment Act, as amended by the Older Worker Benefit Protection Act, Title VII of the Civil Rights Act of 1964, as amended, the Equal Pay Act, the Americans with Disabilities Act, the Employee Retirement Income Security Act, the Worker Adjustment Retraining and 

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Notification (WARN) Act, Ohio Revised Code Chapter 4112, Family and Medical Leave Act and any other federal, state, or local laws or regulations governing employment relationships.  This release specifically and without limitation includes a release and waiver of any claims for employment discrimination, wrongful discharge, breach of contract, or promissory estoppel, and extends to all claims of every nature and kind, whether known or unknown, suspected or unsuspected, presently existing or resulting from or attributable to any act or omission of the Released Parties occurring prior to the execution of this Agreement.  The release contained herein does not apply to any claim or to rights or claims first arising after the Effective Date of this Agreement, nor does it apply to any claims for unemployment compensation, workers compensation benefits, or vested benefits under ERISA, but Warrants that he did not sustain any unreported workplace injury while in the Company’s employ.

Company, on behalf of itself and its affiliated entities, does hereby forever release and discharge Employee from any and all charges, claims, demands, judgments, causes of action, damages, expenses, costs, and liabilities of any kind whatsoever. Company expressly acknowledges and agrees that the claims released by this paragraph include all rights and claims relating to Employee’s employment with Company and the termination thereof. The release contained herein does not apply either to any claim or rights first arising after the Effective Date of this Agreement or to any attempt by the Company to enforce the terms and condition related to forfeiture that control Employee’s equity awards, bonus awards or other similar benefits

3.    Right to Participate in Charge.  Nothing in this agreement shall be construed to mean that Employee may not file a charge with a governmental agency, or participate in any investigation of a charge conducted by any governmental agency.  Employee nevertheless understands and agrees that because of the waiver and release, he freely provides by signing this Agreement, he cannot obtain any monetary relief or recovery from the Released Parties in any proceeding.  

4.    Knowing and Voluntary Act.  Employee acknowledges and agrees that the release set forth above is a general release.  Employee, having been encouraged to and having had the opportunity to be advised by counsel, expressly waives all claims for damages which exist as of this date, but of which Employee does not now know or suspect to exist, whether through ignorance, oversight, error, negligence, or otherwise, and which, if known would materially affect Employee’s decision to enter into this Agreement.  Employee further agrees that Employee accepts the Severance Benefits as a complete compromise of matters involving disputed issues of law and fact and assumes the risk that the facts and law may be other than Employee believes.  Employee further acknowledges and agrees that all the terms of this Agreement shall be in all respects effective and not subject to termination or rescission by reason of any such differences in the facts or law, 

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and that Employee provides this release voluntarily and with full knowledge and understanding of the terms hereof.

5.    Revocation Period.  Employee specifically acknowledges and understands that this Agreement is intended to release and discharge any claims of Employee under the Age Discrimination in Employment Act, as amended by the Older Worker Benefit Protection Act (OWBPA).  Under the OWBPA, Employee has 21 calendar days in which to consider this Agreement and Employee will have 7 calendar days after signing this Agreement in which to revoke Employee’s acceptance of this Agreement.  By signing below prior to the expiration of the 21 day period, Employee, after due consideration and having been duly advised, agrees to waive the remainder 21 day period.  To revoke, Employee must deliver written notice of revocation to Company’s Human Resources Department at 14111 Scottslawn Rd; Marysville, Ohio 43041, Attention: Denise Stump.  This Agreement will not be effective or enforceable unless it is signed in accordance with Paragraph 19 and is not revoked before the revocation period has expired.  The Effective Date is the day after the last day of the revocation period following Employee’s execution of this Agreement.  

6.    Resignation of Roles, Transition Assistance, and Mutual Non-Disparagement.  

(A)    Resignation of Officer Roles.  By signing below, Employee agrees to resign immediately from his role as President of the Company and all other officer or director roles that he currently holds.  Employee agrees to take further steps as may be necessary to effectuate such resignations including signing appropriate notices of resignation.  Despite resigning from his officer and director positions, Employee shall, however, remain employed with the Company through January 31, 2015.

(B)    Transition Assistance.  During the remainder of Employee’s employment, and for a reasonable period thereafter, Employee shall continue to act in the Company’s best interests including participating in and cooperating with the Company’s processes for (i) communicating his departure from the Company both internally and externally, (ii) transitioning his duties, current projects and files, and business relationships including its key customer relationships, and (iii) any other transition activity reasonably requested of him.

(C)      Mutual Non-Disparagement.  Employee agrees that Employee will not make any statement to any third party that Employee could reasonably foresee would cause harm to the personal or professional reputation of the Released Parties.  The Company agrees it will not make any statement to any third party that it could reasonably foresee would cause harm to the personal or professional reputation of Employee.  For the purposes of this subparagraph alone, the “Company” shall mean the Board of 

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Directors for the Scotts Miracle-Gro Company, the CEO and his direct reports and any other officer of the Company.  For example, if asked about the reason for Employee's departure, the parties agree that a permissible response would be:  Employee's departure was not related to either Employee’s actions or any disagreement relating to the Company's operations, policies, practices or financial reporting.

(D)    Mutual Reference.  Employee agrees to provide a positive reference for the Company, its Directors and its Officers when requested by the Company or the Company’s business partners or potential partners.   Likewise, the Company agrees to provide a positive reference for the Employee when requested by the Employee or future potential Employers.

7.    No Admission of Liability.  Neither this Agreement, nor any term contained herein, may be construed as, or may be used as, an admission on the part of either party of any fault, wrongdoing, or liability whatsoever.

8.    Survivorship.  Should Employee die or become totally disabled following the Termination Date but before the payments due Employee under Paragraph 1 above have been made, any remaining payments shall be made to Employee (or Employee’s designated beneficiary, as applicable).  

9.    Return of Property.  Employee agrees to return all Company property remaining in Employee’s possession or control, including without limitation any and all equipment, documents, credit cards, hardware, software, source code, data, keys or access cards, files, or records on or before the Termination Date.

10.    Confidentiality.  Employee acknowledges and agrees that any confidentiality, nondisclosure, noncompetition, and nonsolicitation obligations to Company under any prior agreement, are not being released hereby and will specifically survive the termination of Employee’s employment and this Agreement.  In exchange for the consideration provided herein, Employee reaffirms his agreement to those obligations, acknowledges that those obligations are necessary to protect the Company’s legitimate business interests, and reconfirms that those obligations are reasonable in scope in light of the circumstances.  Employee expressly agrees to keep and maintain Company confidential information confidential, and not to use or disclose such information, directly or indirectly, without the prior written consent of Company or unless required by law and in such case only after first notifying Company sufficiently in advance of such subpoena or court order to reasonably allow Company an opportunity to object to same.  Employee agrees that the provisions of this paragraph are material terms of this Agreement.

11.    Cooperation with Litigation.  Employee will cooperate fully with Company in its defense of any lawsuit filed over matters that occurred during the tenure of Employee’s employment with Company, and Employee agrees to 

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provide full and accurate information with respect to same.  Employee shall be reimbursed for reasonable travel expenses and other reasonable out of pocket expenses incurred in complying with this section.  Employee further agrees not to assist any party in maintaining any lawsuit against any of the Released Parties, and will not provide any information to anyone concerning any of the Released Parties, unless compelled to do so by valid subpoena or other court order, and in such case only after first notifying Company sufficiently in advance of such subpoena or court order to reasonably allow Company an opportunity to object to same. 

12.    Cooperation with Governmental Investigations.  Employee will cooperate fully with Company in any investigation, audit, or inquiry conducted by or on behalf of any federal, state, or local governmental agencies regarding the Company, including, but not limited to, providing truthful information to the Company and making herself/himself available to the Company upon reasonable notice for purposes of being interviewed or otherwise providing assistance to the Company.  Employee further agrees to notify the Company through the General Counsel, Ivan Smith, at 14111 Scottslawn Road, Marysville, Ohio 43041 should he/she be contacted by a governmental agency regarding a governmental investigation, audit or inquiry regarding the Company.
13.    Indemnification.  Company shall indemnify and hold harmless Employee, to the maximum extent permitted by law and the Company’s Articles of Incorporation and Code of Regulations, against any and all costs, expenses (including attorneys’ fees), judgments, charges, and amounts incurred in settlements incurred by Employee in connection with any threatened, pending or completed action, suit or proceeding, to which Employee is, was or at any time becomes a party, or is threatened to be made a party, arising out of or by reason of Employee being an officer, director, or employee of the Company or any subsidiary or affiliate of the Company.  To the maximum extent permitted by law and the Company’s Articles of Incorporation and Code of Regulations, Company shall advance to Employee, prior to any final disposition of any such threatened or pending action, suit or proceeding, any and all reasonable expenses (including attorneys’ fees) incurred in investigating any such action, suit or proceeding within 30 days after receiving invoices (or copies of invoices) for such expenses.

14.    Choice of Law.  The validity, construction and interpretation of this Agreement shall be governed by the laws of the State of Ohio.    

15.    Execution in Parts.  This Agreement may be executed in multiple counterparts, each of which shall constitute an original, and all of which shall constitute a single Agreement.

16.    No Waiver of Terms.  Failure to insist upon strict compliance with any of the terms, covenants, or conditions of this Agreement shall not be deemed a waiver of any such term, covenant, or condition, nor shall any 

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failure at any one time or more times be deemed a waiver or relinquishment at any other time or times of any right under this Agreement.

17.    Modifications.  No modification or amendment of this Agreement shall be effective unless the same is in a writing duly executed by all the parties hereto.

18.    Assignment.  Company may assign, in whole or in part, its rights and obligations under this Agreement, and the rights of Company hereunder shall inure to the benefit of, and the obligations of Company hereunder shall be binding upon, its successors and assigns.  Employee’s rights and obligations hereunder may not be assigned.

19.    Entire Agreement.  Except as otherwise set forth herein, this Agreement sets forth the entire Agreement between Company and Employee and supersedes and replaces any and all prior or contemporaneous representations or agreements, whether oral or written, relating to the subject matter hereof.

20.    Method of Acceptance.  To accept, Employee must sign the Agreement.  Once Employee has accepted the Agreement, Employee shall deliver a signed and dated copy hereof to Tasha Potts in Company’s Human Resources Department, 14111 Scottslawn Road, Marysville, Ohio 43041. To be effective, this Agreement must be signed by Employee and the 7 calendar day period for revocation must expire (without revocation).  Employee’s failure to deliver a signed and unrevoked Agreement in a timely manner will excuse Company from timely payment.

21.    Code Section 409A Compliance.  It is Company’s intent that amounts paid under this Agreement shall comply with Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (“Code Section 409A”) or qualify for an exception to Code Section 409A  because the amounts paid under this Plan are structured to comply with exceptions to Code Section 409A.  This Agreement shall be interpreted, operated and administered in a manner consistent with these intentions, and payment shall be made in a manner consistent with Code Section 409A and its applicable exceptions.   No payments to be made under this Agreement may be accelerated or deferred except as specifically permitted under Code Section 409A.  To the extent that any regulations or other guidance issued under Code Section 409A would result in Employee being subject to payment of additional income taxes or interest under Code Section 409A, the parties agree to amend this Agreement to maintain to the maximum extent practicable the original intent of this Agreement while avoiding the application of such taxes or interest.  All payments to be made upon a termination of employment under this Plan may only be made upon a “separation from service” under Code Section 409A.  Each payment of compensation under this Agreement shall be treated as a separate payment of 

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compensation under Code Section 409A.  Accordingly, those payments under this Agreement that when aggregated together exceed the lesser of two times (a) Employee’s annual compensation in the year preceding the year of the Termination Date or (b) the annual compensation limit prescribed by Code Section 401(a)(17) shall not commence until the first payroll date that occurs after the date that is 6 months after the Termination Date.  In no event may Employee, directly or indirectly, designate the calendar year of a payment and where payment may occur in one year or the next, it shall be made in the second year.

IN WITNESS WHEREOF, EACH OF THE UNDERSIGNED, HAVING RECEIVED ALL THE ADVICE DEEMED NECESSARY, AND HAVING CAREFULLY READ AND UNDERSTOOD THIS AGREEMENT, DOES HEREBY SIGN AND ACCEPT THIS AGREEMENT AS OF THE DATE SET FORTH BELOW.

	
			
	12/18/14_______________
	 
	   /s/ BARRY W. SANDERS   

	Date
	 
	Barry W. Sanders

	 
	 
	 

	December 18, 2014             
	 
	THE SCOTTS COMPANY LLC

	Date
	 
	 

	 
	 
	By:     /s/ DENISE STUMP   

	 
	 
	 

	 
	 
	Its:  Executive Vice President, Global HR   

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EXHIBIT 1

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SEPARATION AGREEMENT
AND RELEASE OF ALL CLAIMS

NOTICE: READ BEFORE YOU SIGN! 
This agreement contains a RELEASE. We advise that you consult an ATTORNEY.

THIS SEPARATION AGREEMENT AND RELEASE OF ALL CLAIMS (“Agreement”) is made and entered into by and between Barry Sanders (Employee”) and The Scotts Company LLC (“Company”);

WHEREAS, Employee’s last day of employment with Company was January 31, 2015 (the “Termination Date”);

WHEREAS, Employee and Company executed a Separation and Release Agreement on December XX 2014 (The “Separation Agreement”). 

NOW THEREFORE, in exchange for and in consideration of the promises and covenants contained herein, along with other good and valuable consideration, the receipt of which is expressly acknowledged hereby, the parties agree as follows:

		
	1.
	Vesting of Certain Awards.  On the third anniversary of the respective grant, the vesting criteria for the Employee’s Performance Unit Awards, and related dividend equivalents, granted on January 18, 2013 and on January 31, 2014 shall be deemed satisfied.  These awards shall be settled in accordance with, and subject to, the terms of the agreements evidencing such awards.   

Employee acknowledges and agrees that he is not entitled to any other benefits under the Executive Severance Plan or any other plan or agreement except as provided for in the Separation Agreement referenced above.  Employee otherwise acknowledges hereby the receipt of all wages and other compensation or benefits to which Employee is entitled as a result of Employee’s employment with Company through the Termination Date.

		
	2.
	Supplemental Release of Claims.  Employee, on behalf of Employee and Employee’s spouse, personal representatives, administrators, minor children, heirs, assigns, wards, agents, and all other persons claiming by or through Employee, does hereby forever release and 

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discharge Company and its respective officers, directors, shareholders, agents, employees, affiliates, subsidiaries, divisions, predecessors, successors, and assigns, both personally and in their representative or official capacities (the “Released Parties”) from any and all charges, claims, demands, judgments, causes of action, damages, expenses, costs, and liabilities of any kind whatsoever.  Employee expressly acknowledges that the claims released by this paragraph include all rights and claims relating to Employee’s employment with Company and the termination thereof, including without limitation any claims Employee may have under the Age Discrimination in Employment Act, as amended by the Older Worker Benefit Protection Act, Title VII of the Civil Rights Act of 1964, as amended, the Equal Pay Act, the Americans with Disabilities Act, the Employee Retirement Income Security Act, the Worker Adjustment Retraining and Notification (WARN) Act, Ohio Revised Code Chapter 4112, Family and Medical Leave Act and any other federal, state, or local laws or regulations governing employment relationships.  This release specifically and without limitation includes a release and waiver of any claims for employment discrimination, wrongful discharge, breach of contract, or promissory estoppel, and extends to all claims of every nature and kind, whether known or unknown, suspected or unsuspected, presently existing or resulting from or attributable to any act or omission of the Released Parties occurring prior to the execution of this Agreement.  The release contained herein does not apply to any claim or to rights or claims first arising after the Effective Date of this Agreement, nor does it apply to any claims for unemployment compensation, workers compensation benefits, or vested benefits under ERISA, but warrants that he did not sustain any unreported workplace injury while in the Company’s employ.

		
	3.
	Post Employment Obligations.  By signing below Employee acknowledges and agrees that the value provided in paragraph 1 above is being provided as additional consideration to support his post employment obligations including the Employee Confidentiality, Noncompetition, Nonsolicitation Agreement executed on April 22, 2005 (the “Noncompete Agreement”).  Attachment A.   Employee agrees and acknowledges that the list of competitors attached to Attachment A is binding and not exclusive and that the Noncompete agreement applies to any business or organization that satisfies paragraph 5(a) of the Noncompete Agreement including but not limited to those listed.  In addition, in exchange for the vesting of his Performance Unit Awards as set forth in paragraph 1, and in addition to the obligations set forth elsewhere including his Employee NonCompetition, NonSolicitation, and Confidentiality Agreement, Employee agrees to refrain for a period of two years from the Termination Date from any form of employment or consulting with any of our major partners or customers including Monsanto, Home Depot, Lowe’s, Wal-Mart, SC Johnson and 

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Company, and Syngenta or any of their affiliates.  Employee agrees and acknowledges that, given his employment and position with the Company, this restriction is reasonable in terms of geography, scope and duration and that it is necessary to protect the Company’s legitimate business interests.  Company agrees that if Employee provides in writing an accurate description of proposed position that may otherwise violate the Non Compete Agreement or this paragraph, Company will consider waiving these provisions in its sole discretion for the particular position, job duties and company described.

		
	4.
	Right to Participate in Charge.  Nothing in this agreement shall be construed to mean that Employee may not file a charge with a governmental agency, or participate in any investigation of a charge conducted by any governmental agency.  Employee nevertheless understands and agrees that because of the waiver and release, he freely provides by signing this Agreement, he cannot obtain any monetary relief or recovery from the Released Parties in any proceeding.  

		
	5.
	Knowing and Voluntary Act.  Employee acknowledges and agrees that the release set forth above is a general release.  Employee, having been encouraged to and having had the opportunity to be advised by counsel, expressly waives all claims for damages which exist as of this date, but of which Employee does not now know or suspect to exist, whether through ignorance, oversight, error, negligence, or otherwise, and which, if known would materially affect Employee’s decision to enter into this Agreement.  Employee further agrees that Employee accepts the Severance Benefits as a complete compromise of matters involving disputed issues of law and fact and assumes the risk that the facts and law may be other than Employee believes.  Employee further acknowledges and agrees that all the terms of this Agreement shall be in all respects effective and not subject to termination or rescission by reason of any such differences in the facts or law, and that Employee provides this release voluntarily and with full knowledge and understanding of the terms hereof.

		
	6.
	Revocation Period.  Employee specifically acknowledges and understands that this Agreement is intended to release and discharge any claims of Employee under the Age Discrimination in Employment Act, as amended by the Older Worker Benefit Protection Act (OWBPA).  Under the OWBPA, Employee has 21 calendar days in which to consider this Agreement and Employee will have 7 calendar days after signing this Agreement in which to revoke Employee’s acceptance of this Agreement.  By signing below prior to the expiration of the 21 day period, Employee, after due consideration and having been duly advised, agrees to waive the 21 day period.  To revoke, Employee must deliver written notice 

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of revocation to Company’s Human Resources Department at 14111 Scottslawn Rd; Marysville, Ohio 43041, Attention: Denise Stump.  This Agreement will not be effective or enforceable unless it is signed in accordance with Paragraph 19 and is not revoked before the revocation period has expired.  The Effective Date is the day after the last day of the revocation period following Employee’s execution of this Agreement.  

		
	7.
	Execution in Parts.  This Agreement may be executed in multiple counterparts, each of which shall constitute an original, and all of which shall constitute a single Agreement.

		
	8.
	Method of Acceptance.  To accept, Employee must sign the Agreement after the Termination Date.  Once Employee has accepted the Agreement, Employee shall deliver a signed and dated copy hereof to Tasha Potts in Company’s Human Resources Department, 14111 Scottslawn Road, Marysville, Ohio 43041. To be effective, this Agreement must be signed by Employee after the Termination Date and the 7 calendar day period for revocation must expire (without revocation).  Employee’s failure to deliver a signed and unrevoked Agreement in a timely manner will excuse Company from timely payment.

IN WITNESS WHEREOF, EACH OF THE UNDERSIGNED, HAVING RECEIVED ALL THE ADVICE DEEMED NECESSARY, AND HAVING CAREFULLY READ AND UNDERSTOOD THIS AGREEMENT, DOES HEREBY SIGN AND ACCEPT THIS AGREEMENT AS OF THE DATE SET FORTH BELOW.

	
			
	 
	 
	 

	Date
	 
	Barry W. Sanders

	 
	 
	 

	February    2015                  
	 
	THE SCOTTS COMPANY LLC

	Date
	 
	 

	 
	 
	By:

	 
	 
	 

	 
	 
	Its:  Executive Vice President, Global HR   

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 Exhibit 10.1 

Execution Version 
 FIRST
AMENDMENT TO CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO CREDIT AGREEMENT, dated as of the 19th day of December, 2014 (this “First Amendment”), is entered into among WGL Holdings, Inc., a Virginia corporation (the “Borrower”), the lenders party hereto, and
Wells Fargo Bank, National Association, as administrative agent for the Lenders (the “Administrative Agent”). 
 RECITALS

 A. The Borrower, the lenders party thereto and the Administrative Agent are parties to that certain Credit Agreement dated as of
April 3, 2012 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”). Capitalized terms used herein without definition shall have the meanings given to them in the Credit
Agreement as they may be amended pursuant to this First Amendment. 
 B. The Borrower, the Administrative Agent and the Lenders party hereto
have agreed to make certain amendments to the Credit Agreement on the terms and conditions set forth herein. 
 STATEMENT OF AGREEMENT

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

AMENDMENTS TO CREDIT AGREEMENT 

1.1 Amendments to Section 1.1 Consisting of New Definitions. The following definitions are hereby added to Section 1.1 of the
Credit Agreement in appropriate alphabetical order: 
 “Anti-Corruption Laws” means all laws, rules, and
regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption. 

“Designated Person” means any Person listed on a Sanctions List. 

“First Amendment” shall mean the First Amendment to Credit Agreement, dated as of December 19, 2014,
among the Borrower, the Lenders party thereto, and the Administrative Agent. 
 “First Amendment Effective
Date” has the meaning given to such term in Article II to the First Amendment. 

 “First Amendment Fee Letter” means the letter agreement among
the Borrower, the Utility, Wells Fargo Securities, the Administrative Agent and BTMU dated as of December 1, 2014. 

“Sanctioned Country” means a country or territory which is at any time subject to Sanctions. 

“Sanctions” means: 

(a) economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (i) the U.S.
government and administered by OFAC, (ii) the United Nations Security Council, (iii) the European Union or (iv) Her Majesty’s Treasury of the United Kingdom; and 

(b) economic or financial sanctions imposed, administered or enforced from time to time by the U.S. State Department, the U.S.
Department of Commerce or the U.S. Department of the Treasury. 
 “Sanctions List” means any of the lists of
specifically designated nationals or designated persons or entities (or equivalent) held by the U.S. government and administered by OFAC, the U.S. State Department, the U.S. Department of Commerce or the U.S. Department of the Treasury or the United
Nations Security Council or any similar list maintained by the European Union, any other EU Member State, Her Majesty’s Treasury of the United Kingdom or any other U.S. government entity, in each case as the same may be amended, supplemented or
substituted from time to time. 
 1.2 Amendments to Section 1.1 Consisting of Modifications to Existing Definitions. The
following definitions in Section 1.1 of the Credit Agreement are hereby amended in their entirety as follows: 

“Administrative Fee Letter” means the letter to the Borrower from Wells Fargo dated as of December 1,
2014. 
 “Facility Termination Date” means September 30, 2017, provided that upon the delivery
of a certificate of the Secretary or an Assistant Secretary of the Borrower certifying that attached thereto are true and correct copies of all Governmental Approvals required to be obtained in order for the term of this Agreement to extend through
the fifth anniversary of the First Amendment Effective Date, and that such Governmental Approvals have been issued and are in full force and effect; then the Facility Termination Date shall be automatically extended to December 19, 2019 (as
such date may be further extended from time to time pursuant to Section 2.6). 
 “Federal Funds Effective
Rate” means, for any day, an interest rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published
for such day (or, if such day is not a 

  
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Business Day, for the immediately preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the
quotations at approximately 10:00 a.m. on such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by the Administrative Agent in its sole discretion. 

Notwithstanding the foregoing, in no event shall the Federal Funds Effective Rate be less than 0%. 

“Fee Letters” means, collectively, the Active Arrangers Fee Letter, the Passive Arrangers Fee Letter, the
Administrative Fee Letter and the First Amendment Fee Letter. 
 “LIBOR Rate” means: 

(a) with respect to each LIBOR Rate Loan comprising part of the same borrowing for any Interest Period, an interest rate per
annum obtained by dividing (i) (y) the London Interbank Offered Rate (or a comparable or successor rate which is approved by the Administrative Agent) appearing on Reuters Screen LIBOR01 Page (or other commercially available source
providing quotations of such rate as selected by the Administrative Agent from time to time) at approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of the applicable Interest Period for deposits denominated in
Dollars or (z) if such rate is not available at such time for any reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same day
funds in the approximate amount of the LIBOR Rate Loan being made, continued or converted and with a term equivalent to such Interest Period would be offered by Wells Fargo’s London Branch to major banks in the London interbank eurodollar
market at their request at approximately 11:00 a.m., London time, two Business Days prior to the first day of such Interest Period, by (ii) the amount equal to 1.00 minus the Reserve Requirement (expressed as a decimal) for such Interest
Period. 
 (b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to
(i) the London Interbank Offered Rate (or a comparable or successor rate which is approved by the Administrative Agent) appearing on Reuters Screen LIBOR01 Page (or other commercially available source providing quotations of such rate as
selected by the Administrative Agent from time to time) at approximately 11:00 a.m. (London time) on such date of determination for an Interest Period equal to one month (commencing on the date of determination of such interest rate) or (ii) if
such published rate is not available at such time for any reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the date of determination in same day funds in the approximate
amount of the Base Rate Loan being made or maintained and with a term equal to one month would be offered by Wells Fargo’s London Branch to major banks in the London interbank eurodollar market at their request at the date and time of
determination. 

  
 3 

 Notwithstanding the foregoing, in no event shall the LIBOR Rate be less than 0%.

 “Loan Documents” means this Agreement and any Notes issued pursuant to Section 2.11, the Fee
Letters, the First Amendment and all other agreements, instruments, documents and certificates now or hereafter executed and delivered to the Administrative Agent or any Lender by or on behalf of the Borrower with respect to this Agreement, in each
case as amended, modified, supplemented or restated from time to time. 
 1.3 Amendment to Section 2.6. The introductory
paragraph to Section 2.6 and Section 2.6.1 are hereby amended in their entirety as follows: 
 2.6 Extension
Option. After the first anniversary of the First Amendment Effective Date, and then no earlier than 60 days and no later than 30 days prior to each anniversary of the First Amendment Effective Date, but on no more than two occasions, the
Borrower may, by written notice to the Administrative Agent, request that the Lenders extend the Facility Termination Date for an additional year. Any election by a Lender to extend the term of its Commitment pursuant to such a request shall be at
such Lender’s sole discretion and subject to such credit evaluation as such Lender may determine. 
 2.6.1 No extension
pursuant to this Section 2.6 shall become effective unless agreed to in writing not later than 15 days prior to the relevant anniversary of the First Amendment Effective Date by Lenders then holding more than 50% of the Commitments. 

1.4 Amendment to Section 5.14. Section 5.14 is hereby amended in its entirety as follows: 

5.14 Anti-Corruption Laws and Sanctions. 

(a) The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower
and its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. The Borrower and its Subsidiaries and, to the knowledge of the Borrower, their respective directors, officers,
employees and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. 
 (b)
To the extent applicable, each of the Borrower and its Subsidiaries is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, the International Emergency Economic Powers Act, as amended, and each of the
foreign assets control regulations of the United States Treasury Department (31 CFR Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto and (ii) the PATRIOT Act. 

  
 4 

 (c) Neither the Borrower nor any of its Subsidiaries nor, to the knowledge of the
Borrower, any director, officer, employee, agent or controlled Affiliate of the Borrower or any of its Subsidiaries that will act in any capacity in connection with or benefit from the credit facility established hereby is a Designated Person, nor
is the Borrower or any of its Subsidiaries located, organized or resident in any Sanctioned Country. 
 (d) No part of the
proceeds of the Loans or Letters of Credit will be used by the Borrower (i) in violation of Anti-Corruption Laws, applicable Sanctions or the Patriot Act or (ii) for the purpose of funding, financing or facilitating any activities or
business of or with any Designated Person. 
 1.5 Amendment to Section 6.3. Section 6.3 is hereby amended in its entirety as
follows: 
 6.3 Corporate Existence, Compliance with Laws, Taxes, Examination of Books, Insurance, etc. The Borrower shall, and shall
cause each of its Material Subsidiaries to: preserve and maintain its corporate existence and all of its material rights, privileges and franchises if failure to maintain such existence, rights, privileges or franchises would materially and
adversely affect the financial condition or operations of, or the business taken as a whole, of the Borrower and its Subsidiaries; comply with the requirements of all Applicable Laws, rules, regulations and orders of governmental or regulatory
authorities (except Anti-Corruption Laws and Sanctions), except if failure to comply with such requirements would not materially and adversely affect the financial condition or operations of, or the business taken as a whole, of the Borrower and its
Subsidiaries; comply in all material respects with the requirements of all Anti-Corruption Laws and Sanctions; provide such information and take such actions as are reasonably requested by the Administrative Agent or any Lender in order to assist
the Administrative Agent and the Lenders in maintaining compliance with the Patriot Act; pay and discharge all taxes, assessments and governmental charges or levies imposed on it or on its income or profits or on any of its property prior to the
date on which penalties attach thereto, except for any such tax, assessment, charge or levy the payment of which is being contested in good faith and by proper proceedings and against which adequate reserves are being maintained; maintain all of its
properties used or useful in its business in good working order and condition, ordinary wear and tear excepted; permit representatives of any Lender or the Administrative Agent, during normal business hours, to examine, copy and make extracts from
its books and records, to inspect its properties, and to discuss its business and affairs with its officers, all to the extent reasonably requested by such Lender or the Administrative Agent (as the case may be); and keep insured by

  
 5 

 
financially sound and reputable insurers all property of a character usually insured by corporations engaged in the same or similar business similarly situated against loss or damage of the kinds
and in the amounts customarily insured against by such corporations and carry such other insurance as is usually carried by such corporations. 

1.6 Amendment to Section 6.4. Section 6.4 is hereby amended in its entirety as follows: 

6.4 Use of Proceeds. The Borrower shall use the proceeds of the Loans and Letters of Credit hereunder for its general corporate purposes
(in compliance with all applicable legal and regulatory requirements). The Borrower shall not request any borrowing of Loans or the issuance of any Letter of Credit, and the Borrower shall not use, and the Borrower shall cause its Subsidiaries and
its or their respective directors, officers and employees not to use, the proceeds of any Loans or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of
value, to any Person in violation of any Anti- Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country or (iii) in
any manner that would result in the violation of any Sanctions applicable to any party hereto. 
 1.7 Amendment to Schedule. Schedule
1.1-B (Commitments and Notice Addresses) to the Credit Agreement is hereby amended in its entirety in the form attached to the First Amendment. 

ARTICLE II 
 CONDITIONS
OF EFFECTIVENESS 
 This First Amendment shall become effective as of the date (such date being referred to as the “First
Amendment Effective Date”) when, and only when, each of the following conditions precedent shall have been satisfied: 

(a) The Administrative Agent shall have received the following, each dated as of the First Amendment Effective Date (unless
otherwise specified), and in such number of copies as the Administrative Agent shall have requested: 
 (i) Fully executed
counterparts of this First Amendment from the Borrower, each Lender, and the Administrative Agent. 
 (ii) Copies of the
articles or certificate of incorporation of the Borrower, together with all amendments thereto, and a certificate of good standing, each certified by the appropriate governmental officer in its jurisdictions of incorporation. 

  
 6 

 (iii) Copies, certified by the Secretary or Assistant Secretary of the Borrower,
of its by-laws and of its Board of Directors’ resolutions and of resolutions or actions of any other body authorizing (i) the execution of the First Amendment and (ii) borrowings hereunder by the Borrower in an aggregate amount up to
$450,000,000. 
 (iv) An incumbency certificate, executed by the Secretary or Assistant Secretary of the Borrower, which
shall identify by name and title and bear the signatures of the Authorized Officers and any other officers of the Borrower authorized to sign the Loan Documents, upon which certificate the Administrative Agent and the Lenders shall be entitled to
rely until informed of any change in writing by the Borrower. 
 (v) A certificate, signed by the chief financial officer of
the Borrower, stating that the conditions specified in Section 4.2(b) and (c) of the Credit Agreement have been satisfied. 

(vi) A written opinion of the Borrower’s counsel, addressed to the Lenders substantially in the form delivered at the
initial closing of the Credit Agreement. 
 (vii) Any Notes requested by a Lender pursuant to Section 2.11 of the Credit
Agreement payable to the order of each such requesting Lender. 
 (viii) Evidence satisfactory to the Administrative Agent of
any required Governmental Approvals or consents regarding this First Amendment. 
 (b) The Borrower shall have paid
(i) to Wells Fargo Securities, the Administrative Agent and BTMU, for their own respective accounts, on the First Amendment Effective Date, the fees required to be paid under the First Amendment Fee Letter, (ii) to the Administrative
Agent, the initial payment of the annual administrative fee described in the Administrative Fee Letter, (iii) all other fees and reasonable expenses of the Arrangers, the Administrative Agent and the Lenders required to be paid on or prior to
the First Amendment Effective Date (including reasonable fees and expenses of counsel to the Administrative Agent) in connection with this First Amendment and (iv) all accrued and unpaid fees and interest due under the Credit Agreement and
owing as of the First Amendment Effective Date. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent, the Issuing Banks and the Lenders to enter into this First Amendment, the Borrower hereby represents and
warrants to the Administrative Agent and Lenders that: 

  
 7 

 3.1 The Borrower has all necessary corporate power and authority to execute, deliver and perform
its obligations under this First Amendment, and the execution, delivery and performance of this First Amendment, and the consummation of the transactions herein contemplated, by the Borrower have been duly authorized by all necessary corporate
action on its part; and this First Amendment has been duly and validly executed and delivered by the Borrower and the Credit Agreement, as amended by the First Amendment, constitutes its legal, valid and binding obligation, enforceable in accordance
with its terms. 
 3.2 No consent, approval, authorization or other action by, notice to, or registration or filing with, any Governmental
Authority or other Person is or will be required as a condition to or otherwise in connection with the due execution, delivery and performance by the Borrower of this First Amendment or the Credit Agreement as amended by the First Amendment or the
legality, validity or enforceability hereof or thereof, other than consents, authorizations and filings that have been made or obtained and that are in full force and effect. 

3.3 The representations and warranties of the Borrower contained in the Credit Agreement and the other Loan Documents are true and correct as
of the First Amendment Effective Date, except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct on and as of such earlier
date. 
 3.4 Both before and after giving effect to the transactions contemplated by this First Amendment, there exists no Event of Default
or Unmatured Default. 
 ARTICLE IV 

ACKNOWLEDGEMENT AND CONFIRMATION OF THE BORROWER 

The Borrower hereby confirms and agrees that after giving effect to this First Amendment, the Credit Agreement and the other Loan Documents
remain in full force and effect and enforceable against the Borrower in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected in any respect, and the amendments contained herein shall not,
in any manner, be construed to constitute payment of, or impair, limit, cancel or extinguish, or constitute a novation in respect of, the Obligations of any Borrower evidenced by or arising under the Credit Agreement and the other Loan Documents,
which shall not in any manner be impaired, limited, terminated, waived or released, but shall continue in full force and effect. The Borrower represents and warrants to the Lenders that it has no knowledge of any claims, counterclaims, offsets, or
defenses to or with respect to its obligations under the Loan Documents, or if the Borrower has any such claims, counterclaims, offsets, or defenses to the Loan Documents or any transaction related to the Loan Documents, the same are hereby waived,
relinquished, and released in consideration of the execution of this First Amendment. This acknowledgement and confirmation by the Borrower is made and delivered to induce the Administrative Agent and the Lenders to enter into this First Amendment,
and the Borrower acknowledges that the Administrative Agent and the Lenders would not enter into this First Amendment in the absence of the acknowledgement and confirmation contained herein. 

  
 8 

 ARTICLE V 

MISCELLANEOUS 
 5.1
Reallocation of Commitments. The parties hereto acknowledge and agree that effective as of the First Amendment Effective Date, (i) each Lender’s Commitment shall be as reflected on Schedule 1.1-B attached hereto and (ii) the
participations in any outstanding Letters of Credit issued under the Credit Agreement shall be automatically adjusted to give effect to the revised Applicable Percentages of the Lenders. 

5.2 Joinder of Royal Bank of Canada as a New Lender. Effective on the First Amendment Effective Date, Royal Bank of Canada (the
“New Lender”) shall be deemed to be a party to and a “Lender” under the Credit Agreement and shall be bound by all of the terms and provisions applicable to Lenders under the Credit Agreement. The New Lender
(i) represents and warrants that it is legally authorized to enter into this First Amendment and the Credit Agreement and to consummate the transactions contemplated by this First Amendment and the Credit Agreement, (ii) confirms that it
has received a copy of the Credit Agreement, together with copies of the most recent financial statements referred to in Section 6.1 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis
and decision to enter into this First Amendment and the Credit Agreement, (iii) will independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement, (iv) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under
the Credit Agreement as delegated to the Administrative Agent, by the terms thereof, together with such powers as are reasonably incidental thereto and (v) agrees that it will perform in accordance with their terms all the obligations which by
the terms of the Credit Agreement are required to be performed by it as a Lender. 
 5.3 Governing Law. This First Amendment shall be
governed by and construed and enforced in accordance with the laws of the State of New York. 
 5.4 Full Force and Effect. Except as
expressly amended hereby, the Credit Agreement shall continue in full force and effect in accordance with the provisions thereof on the date hereof. As used in the Credit Agreement, “hereinafter,” “hereto,” “hereof,”
and words of similar import shall, unless the context otherwise requires, mean the Credit Agreement after amendment by this First Amendment. Any reference to the Credit Agreement or any of the other Loan Documents herein or in any such documents
shall refer to the Credit Agreement and Loan Documents as amended hereby. This First Amendment is limited as specified and shall not constitute or be deemed to constitute an amendment, modification or waiver of any provision of the Credit Agreement
except as expressly set forth herein. This First Amendment shall constitute a Loan Document under the terms of the Credit Agreement. 
 5.5
Expenses. The Borrower agrees (i) to pay all reasonable and documented fees and expenses of counsel to the Administrative Agent, and (ii) to reimburse the Administrative Agent for all reasonable and documented out-of-pocket
expenses, in each case, in connection with the preparation, negotiation, execution and delivery of this First Amendment and the other Loan Documents delivered in connection herewith. 

  
 9 

 5.6 Severability. To the extent any provision of this First Amendment is prohibited by or
invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in any such jurisdiction, without prohibiting or invalidating such provision in any other
jurisdiction or the remaining provisions of this First Amendment in any jurisdiction. 
 5.7 Successors and Assigns. This First
Amendment shall be binding upon, inure to the benefit of and be enforceable by the respective successors and permitted assigns of the parties hereto. 

5.8 Construction. The headings of the various sections and subsections of this First Amendment have been inserted for convenience only
and shall not in any way affect the meaning or construction of any of the provisions hereof. 
 5.9 Counterparts. This First Amendment
may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument.
Delivery of an executed counterpart of a signature page of this First Amendment by telecopy or by electronic mail in a .pdf or similar file shall be effective as delivery of a manually executed counterpart of this First Amendment. A complete set of
counterparts shall be lodged with the Borrower and the Administrative Agent. 
 5.10 FATCA Grandfathering. For purposes of determining
withholding Taxes imposed under FATCA, from and after the effective date of this First Amendment, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Credit Agreement as not
qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 

  
 10 

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

			
	WGL HOLDINGS, INC., as Borrower
		
	By:	 	  

		 	Name:
		 	Title:

  
 SIGNATURE PAGE TO 

FIRST AMENDMENT TO CREDIT AGREEMENT 

 
			
	 WELLS FARGO BANK, NATIONAL

ASSOCIATION, as Administrative Agent,
 Issuing Bank, Swingline
Lender and Lender

		
	By:	 	  

		 	Name:
		 	Title:

  
 SIGNATURE PAGE TO 

FIRST AMENDMENT TO CREDIT AGREEMENT 

 
			
	 THE BANK OF TOKYO-MITSUBISHI
 UFJ,
LTD., as Syndication Agent and
 Lender

		
	By:	 	  

		 	Name:
		 	Title:

  
 SIGNATURE PAGE TO 

FIRST AMENDMENT TO CREDIT AGREEMENT 

 
			
	 BRANCH BANKING AND TRUST
 COMPANY,
as Lender

		
	By:	 	  

		 	Name:
		 	Title:

  
 SIGNATURE PAGE TO 

FIRST AMENDMENT TO CREDIT AGREEMENT 

 
			
	TD BANK, N.A., as Lender
		
	By:	 	  

		 	Name:
		 	Title:

  
 SIGNATURE PAGE TO 

FIRST AMENDMENT TO CREDIT AGREEMENT 

 
			
	ROYAL BANK OF CANADA, as Lender
		
	By:	 	  

		 	Name:
		 	Title:

  
 SIGNATURE PAGE TO 

FIRST AMENDMENT TO CREDIT AGREEMENT 

 
			
	 U.S. BANK, NATIONAL ASSOCIATION,
 as
Lender

		
	By:	 	  

		 	Name:
		 	Title:

  
 SIGNATURE PAGE TO 

FIRST AMENDMENT TO CREDIT AGREEMENT 

 
			
	 THE BANK OF NEW YORK MELLON, as

Lender

		
	By:	 	  

		 	Name:
		 	Title:

  
 SIGNATURE PAGE TO 

FIRST AMENDMENT TO CREDIT AGREEMENT 

 Schedule 1.1-B 

COMMITMENTS 
  

					
	 Lender
	  	Commitment	 
	 Wells Fargo Bank, National Association
	  	$	80,156,250.00	  
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	80,156,250.00	  
	 Branch Banking and Trust Company
	  	$	80,156,250.00	  
	 TD Bank, N.A.
	  	$	80,156,250.00	  
	 Royal Bank of Canada
	  	$	50,625,000.00	  
	 U.S. Bank, National Association
	  	$	50,625,000.00	  
	 The Bank of New York Mellon
	  	$	28,125,000.00	  
	 Total
	  	$	450,000,000.00	  

 NOTICE ADDRESSES 
  

			
	 Party
	  	 Address

	WGL Holdings, Inc.	  	 WGL Holdings, Inc.
 101 Constitution Ave.,
N.W.
 Washington, D.C. 20080
 Attention: Anthony Nee,
Treasurer
 Telephone: (202) 624-6588
 Facsimile:
(    )                    
 Email:
anee@washgas.com

		
	Wells Fargo Bank, National Association	  	 If to the Administrative Agent or Swingline Lender:

Wells Fargo Bank, National Association
 1525 West W.T. Harris
Blvd.
 Charlotte, NC 28262
 Mail Code: D1109-019

Attention: Syndication Agency Services
 Telephone No.: (704)
590-2706
 Telecopy No.: (704) 590-2790
 E-mail:
agencyservices.requests@wellsfargo.com
  
 If to the Issuing Lender:

Wells Fargo Bank, National Association
 301 South College Street,
14th Floor
 MAC D1053-144

Charlotte, NC 28288
 Attention: Elaine Shue

Telephone No.: (704) 715-3133
 Telecopy No.: (877) 487-0377

E-mail: elaine.shue@wellsfargo.com 

			
		  	With a copy to:
		  	Wells Fargo Bank, National Association
		  	301 South College Street, 14th Floor
		  	MAC D1053-144
		  	Attention: Allison Newman
		  	Telephone No.: (704) 383-5260
		  	Telecopy No.: (704) 715-1486
		  	E-mail: allison.newman@wellsfargo.com

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