Document:

Severance Agreement

 Exhibit 10.21 
 September 1, 2009 
 WITHOUT PREJUDICE 
 DELIVERED TO: 
 Juan Figuereo 

Dear Juan, 
 Re: Cott Corporation
(“Cott”) – Termination of Employment 
 We are writing to notify you that your employment with Cott is hereby terminated
without cause, effective October 31, 2009. Your duties as Chief Financial Officer of Cott will cease on September 8, 2009. 
 Cott
appreciates your contribution to the corporation and with a view to resolving all matters on an amicable basis, has prepared this letter agreement which sets forth the severance arrangements between Cott and you (collectively, with Schedules
“1” and “2,” the “Separation Agreement and Release”): 
  

	1.	Date of Termination 

 The effective date
of termination of employment is October 31, 2009 (the “Termination Date”). 
  

	2.	Accrued Salary and Vacation Pay 

 Subject
to the terms of this Separation Agreement and Release, you will be paid your salary and accrued vacation pay to the Termination Date. These payments will be paid in a lump-sum payment during the next pay period immediately following the Termination
Date. 
  

	3.	Severance Payment 

 As outlined in your
Retention, Severance and Non-Competition Plan Agreement dated May 11, 2007 (the “Retention Agreement”) and in the Amended and Restated Retention, Severance and Non-Competition Plan dated June 25, 2007 (the “Retention
Plan” and together with the Retention Agreement, the “Retention Agreements”), we have agreed to pay you a lump-sum payment equal to 2 times your annual base salary, car allowance, and bonus at target. . You will receive these payments
on the first pay run occurring at least five business days after the later of (a) the Termination Date and (b) the date on which this Separation Agreement and Release becomes irrevocable. Such payments will be made on the basis that you
will continue to perform your duties and our agreement to make such payments will be null and void if the reason for termination is Cause or resignation without Good Reason (as such terms are defined in the Retention Agreement) before the
Termination Date. We agree, however, that your compliance with any request not to come into Cott’s offices or to take on a reduced role in performance of service for Cott shall not be deemed a resignation without Good Reason. 
 The lump sum payment will be equal to $1,572,000, calculated as follows: 
  

				
	 Annual Base Salary
	  	$	385,000
	 Bonus at Target
	  	$	385,000
	 Car Allowance
	  	$	16,000
	 Sub-Total
	  	$	786,000
	 x Severance Multiple (2)
	  	$	1,572,000

	4.	Pro-rated Bonus 

 No later than
March 15, 2010, you shall be entitled to be paid your prorated portion (i.e., 10 months) of any bonus earned for the fiscal year ending January 2, 2010, based on the attainment of the terms and targets of the Cott performance bonus plan.

  

	5.	Benefits 

 We confirm that, to the
extent Cott may do so legally and in compliance with its benefit plans in existence from time to time, your health benefits will continue until the earlier of: (i) 24 months following the Termination Date or (ii) the date alternative
employment is secured that provides comparable benefits. All other benefits will terminate effective on the Termination Date. 
  

	6.	Outplacement 

 For a period of 12 months
from the Termination Date, Cott shall pay up to $10,000 for outplacement services that will be provided to you by a third party vendor chosen by Cott in its sole discretion. 
  

	7.	Expenses 

 To the extent that you have
incurred any proper travel, entertainment or other business expenses, you will be reimbursed in accordance with Cott’s policy. All expense reports must be submitted within 30 days of your Termination Date. 
  

	8.	Stock Options/Share Purchase Plan/DPSP/RSP/PSU 

 All of your rights with respect to vested stock options that you hold personally will continue for 60 days following the Termination Date, subject to the provisions of Cott’s Restated 1986 Common Share Option Plan as amended, and
thereafter such options shall be null and void. 
 Your rights to unvested shares in the Performance Share Unit (PSU) Plan, will terminate
effective on your Termination Date. 
 The Special Performance Share Unit award provided to you in 2008 will be pro-rated based on your
Termination Date as follows: The prorated portion of your 2008 award of 177,798 PSU’s will be 148,165 common shares of Cott. These shares will be considered earned and vested as of the Termination Date and shall be distributed to
you, less applicable taxes which will be paid with the proceeds of the sale of the appropriate number of shares, within 30 days of the Termination Date. You shall receive cash in the amount of $214,769 in lieu of common shares in satisfaction of the
PSU’s awarded to you upon hiring

 
This is subject to, and without any limitation to, any additional rights you may have under Section 7 of the Retention Agreements or any additional rights arising under the Retention
Agreements on a Change of Control during a Change of Control Window (as such terms are defined in the Retention Plan). 
 All other rights under
Cott’s share purchase plans and other long-term incentive plans, including, without limitation, all rights to unvested shares under the 401k Plan, the Executive Incentive Share Purchase Plan, and Employee Share Purchase Plan shall terminate on
the Termination Date in accordance with those plans. Rights under these plans that have vested as of the Termination Date will continue in accordance with and subject to the terms of the applicable plans. 
  

	9.	No Other Payments 

 Other than as set out
in Section 7 of the Retention Plan, the payments and other entitlements set out or referenced in this Separation Agreement and Release constitute your complete entitlement and Cott’s complete obligations whatsoever, including with respect
to the cessation of your employment, whether at common law, statute or contract. For greater certainty, we confirm that, other than as set forth in this Separation Agreement and Release, you are not entitled to any further payment (including any
bonus payments), benefits, perquisites, allowances or entitlements earned or owing to you from Cott pursuant to any employment or any other agreement, whether written or oral, whatsoever, all having ceased on the Termination Date without further
obligation from Cott. All amounts paid to you pursuant to this Separation Agreement and Release shall be deemed to include all amounts owing pursuant to the Employment Standards Act, 2000 and any applicable state wage payment or wage
collection law, and such payments represent a greater right or benefit than that required under the Employment Standards Act, 2000 and any applicable state wage payment or wage collection law. 
  

	10.	Resignation & Release 

 You will
resign as an officer of Cott (and any direct and indirect affiliates, subsidiaries and associated companies) with effect as of the Termination Date. In this respect, you agree to execute and deliver the Resignation Notice attached hereto as Schedule
“1” and such further documentation as may reasonably be required by Cott, in its sole discretion, in order to effect this resignation. You agree to sign, no earlier than your last day of active employment with Cott, the Release Agreement
in the form attached as Schedule “2” (the “Release Agreement”) to this Separation Agreement and Release and further agree that, notwithstanding anything to the contrary in the Retention Agreements, your execution without
revocation of the Release Agreement is a condition precedent to you receiving any severance payments hereunder that are in excess of payments required by statute. 
  

	11.	Your Continuing Obligations 

  

	 	(a)	You will continue to abide by all of the provisions of your Employment Agreement through the Termination Date, and with all of the provisions of the Retention
Agreements through the Termination Date and at all times thereafter following the cessation of your employment in accordance with and subject to the terms of the Retention Agreements (including the restrictive covenants set forth in Section 8
of the Retention Plan) and this Separation Agreement and Release. 

  

	 	(b)	 You are required to return to Cott within five (5) business days of the Termination Date all of the property of Cott in your possession or in the
possession of your family or agents including, without limitation, wireless devices and accessories, computer and

	 	 
office equipment, keys, passes, credit cards, customer lists, sales materials, manuals, computer information, software and codes, files and all documentation (and all copies thereof) dealing with
the finances, operations and activities of Cott, its clients, employees or suppliers. 

  

	 	(c)	You will agree to cooperate reasonably with Cott, and its legal advisors, at Cott’s request, direction and reasonable cost, in connection with: (i) any Cott
business matters in which you were involved during your employment with Cott; or (ii) any existing or potential claims, investigations, administrative proceedings, lawsuits and other legal and business matters which arose during your employment
involving Cott; (iii) effecting routine administrative compliance with respect to any regulatory requirements that were applicable to Cott during the period of your employment; and (iv) completing any further documents required to give
effect to the terms set out in this letter with respect to which you have knowledge of the underlying facts. 

  

	 	(d)	You agree to indemnify and hold harmless Cott and its subsidiary companies and affiliated companies, together with its and their respective officers, directors,
partners, shareholders, employees and agents, and each of its and their predecessors, successors and assigns, from and against any and all damages, taxes, penalties, interest, expenses and any other costs imposed under, in connection with, or
related to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), with respect to payments and benefits provided pursuant to this Separation Agreement and Release including, but not limited to, any penalties
associated with failure to report or failure to withhold. 

  

	12.	Taxes 

 All payments referred to in this
Separation Agreement and Release will be less applicable withholdings and deductions, and you shall be responsible for all tax liability resulting from your receipt of the payment and benefits referred to in this letter, except (i) to the
extent that Cott has withheld funds for remittance to statutory authorities, and (ii) to the extent provided otherwise in your Retention Agreements with respect to any Gross-Up Payment. For greater certainty, we confirm that Section 7 of
the Retention Plan provides for a Gross-Up Payment in connection with any excise tax imposed under Section 4999 of the Code and not in connection with any tax, penalty or interest imposed under (or in connection with) Section 409A of the
Code. In no event are you entitled to any payment from Cott with respect to any tax, penalty or interest imposed under (or in connection with) Section 409A of the Code, and in no event shall any such tax, penalty or interest be taken into
account for purposes of determining the amount of any payment due under Section 7 of the Retention Agreement To the extent any severance payments due to you pursuant to the terms hereof shall be treated as deferred compensation under Code
Section 409A, payment of such amount shall be delayed until the first day of the seventh month following the Termination Date, but only to the extent that such delay is necessary in order to avoid penalties under Code Section 409A with
respect to payments to you as a Specified Employee, as defined in Treasury Regulations Section 1.409A-1(i) upon Separation from Service, as defined in Treasury Regulations Section 1.409A-1(h). 

	13.	General 

  

	 	(a)	Entire Agreement: Except as otherwise specified in this Agreement, this Separation Agreement and Release constitutes the entire agreement between you and Cott
with reference to any of the matters herein provided or with reference to your employment or office with Cott, or the cessation thereof. All promises, representations, collateral agreements, offers and understandings not expressly incorporated in
this letter agreement are hereby superseded and have no further effect. For greater certainty, your entitlement under Section 7, and your obligations under Section 8, of the Retention Plan are expressly incorporated in this letter.

  

	 	(b)	Severability: The provisions of this letter agreement shall be deemed severable, and the invalidity or unenforceability of any provision set out herein shall not
affect the validity or enforceability of the other provisions hereof, all of which shall continue in accordance with their terms. 

  

	 	(c)	Full Understanding: By signing this Separation Agreement and Release, you confirm that: (i) you have had an adequate opportunity to read and consider the
terms set out herein, including the Release Agreement attached as Schedule “2” hereto, and that you fully understand them and their consequences; (ii) you have been advised, through this paragraph, to consult with legal counsel and
have obtained such legal or other advice as you consider advisable with respect to this Separation Agreement and Release, including attachments; (iii) you have consulted with legal counsel regarding the application of Section 409A of the
Code to the payments and benefits provided pursuant to this Separation Agreement and Release; (iv) you are signing this Separation Agreement and Release voluntarily, without coercion, and without reliance on any representation, express or
implied, by Cott, or by any director, trustee, officer, shareholder, employee or other representative of Cott other than as set forth in this Separation Agreement and Release and the Retention Agreements; and (v) you have been provided with the
45-day consideration period and seven-day revocation period described in the attached Release Agreement. 

  

	 	(d)	Arbitration: In the event any dispute arises between you and Cott with respect to the interpretation, effect or construction of any provisions of this Separation
Agreement and Release, either Cott or you may refer the matter to final and binding arbitration without right of appeal, pursuant to the United States Federal Arbitration Act, as applicable, for the disputed matters to be determined by an arbitrator
that is to be mutually agreed upon, upon written notice to the other, whereupon, subject to the availability of such an arbitrator, the arbitration hearing will commence within 30 days of the said notice, without formality, with the costs of the
arbitration to be shared equally between the parties, subject to such order for costs as the arbitrator may determine in his or her sole discretion. The arbitration shall be conducted pursuant to the then-existing rules and regulations of the
American Arbitration Association to the extent not inconsistent with this letter agreement. 

  

	 	(e)	Currency: All dollar amounts set forth or referred to in this letter refer to US currency. 

	 	(f)	Governing Law: To the extent the laws of the United States must apply, the agreement confirmed by this letter shall be governed by the laws of the State of
Florida. 

 * * * 
 If this Separation Agreement and Release is acceptable to you once you have had an opportunity to review it, please sign the Acknowledgement and Acceptance below, the Resignation Notice, and the Release
Agreement to confirm your acceptance of same and return to Reese Reynolds at the Tampa Office. 
 If you have any questions regarding the terms
set out in this letter, please feel free to contact me or Reese Reynolds. 
 Yours very truly, 
 COTT CORPORATION 
 Per: 

 

					
	/s/ Michael Creamer	 		 	/s/ Matthew A. Kane, Jr.
	Michael Creamer, VP People	 		 	Matt Kane, VP, General Counsel & Secretary

 Enclosures: 
  

	1.	Schedule “1” – Resignation Notice 

  

	2.	Schedule “2” – Release Agreement 

 Acknowledgement and Acceptance 
 I acknowledge that I have been provided 21 days to review this Separation Agreement and
Release, which I acknowledge is a reasonable period of time (although I may sign it sooner should I desire as long as the date of execution is after my last day of active employment), and seven days thereafter to revoke the Separation Agreement and
Release, if I so choose. I also acknowledge that I have been advised, by this paragraph, and have had the opportunity to obtain independent legal advice and that the only consideration for the attached Release Agreement is as referred to in this
Separation Agreement and Release. I confirm that no other promises or representations of any kind other than as set forth in this Separation Agreement and Release and the Retention Agreements have been made to me to cause me to sign this
Acknowledgement and Acceptance. 
  

					
	 /s/ Juan Figuereo
	 		 	 November 2, 2009

	Juan Figuereo	 		 	Date

 SCHEDULE “1” 
 RESIGNATION NOTICE 
  

			
	TO:	 	COTT CORPORATION
		
	AND TO:	 	ALL DIRECT AND INDIRECT AFFILIATES, SUBSIDIARIES AND ASSOCIATED COMPANIES THEREOF
		
	AND TO:	 	ALL DIRECTORS THEREOF

  
  
 I, Juan Figuereo, confirm my resignation from all
offices held by me of Cott Corporation, including all direct and indirect affiliates, subsidiaries, and associated companies, with effect as of September 8, 2009. 
  

	
	 /s/ Juan Figuereo

	Juan Figuereo

 SCHEDULE “2” 
 RELEASE AGREEMENT 
 In consideration of the mutual
promises, payments and benefits provided for in the Retention, Severance and Non-Competition Plan Agreement dated May 11, 2007 (the “Retention Agreement”), the Amended and Restated Retention, Severance and Non-Competition Plan dated
June 25, 2007 (the “Retention Plan”) and the letter agreement dated January 12, 2009 to which this Release Agreement is a Schedule (the “Separation Agreement and Release” and together with the Retention Agreement and
the Retention Plan, the “Separation Agreements”), Cott Corporation (the “Corporation”) and Juan Figuereo (the “Employee”) agree to the terms of this Release Agreement dated as of the 31st day of October, 2009 (this
“Release Agreement”). Capitalized terms used and not defined in this Release Agreement have the meanings assigned thereto in the Retention Plan. 
 1. The Employee acknowledges and agrees that the Corporation is under no obligation to offer the Employee the payments and benefits set forth in the Separation Agreements, unless the Employee consents to
the terms of this Release Agreement. The Employee further acknowledges that he is under no obligation to consent to the terms of this Release Agreement and that the Employee has entered into this Release Agreement freely and voluntarily. 

2. In consideration of the payment and benefits set forth in the Separation Agreements and the Corporation’s release set forth in
paragraph 5 of this Release Agreement, the Employee voluntarily, knowingly and willingly releases and forever discharges the Corporation and its subsidiary companies and affiliated companies, together with its and their respective officers,
directors, partners, shareholders, employees and agents, and each of its and their predecessors, successors and assigns (collectively, “Releasees”), from any and all charges, complaints, claims, promises, agreements, controversies, causes
of action and demands of any nature whatsoever that the Employee or his executors, administrators, successors or assigns ever had, now have or hereafter can, shall or may have against the Releasees by reason of any matter, cause or thing whatsoever
arising prior to the time of signing of this Release Agreement by the Employee. The release being provided by the Employee in this Release Agreement includes, but is not limited to, any rights or claims relating in any way to the Employee’s
employment relationship with the Corporation or any other Releasee, or the termination thereof, or under any statute, including, but not limited to the Employment Standards Act, 2000, the Human Rights Code, the Workplace Safety and Insurance Act
re-employment provisions, the Occupational Health & Safety Act, the Pay Equity Act, the Labour Relations Act, Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, as amended by the Older
Workers’ Benefit Protection Act, the Family and Medical Leave Act, and the Americans With Disabilities Act, or pursuant to any other applicable law or legislation governing or related to his employment or other engagement with the Corporation
or any other Releasee. In no event shall this Release apply to the Employee’s right, if any, to indemnification, under the Employee’s employment agreement or otherwise, that is in effect on the date of this Release and, if applicable, to
the Corporation’s obligation to maintain in force reasonable director and officer insurance in respect of such indemnification obligations. 
 3. The Employee acknowledges and agrees that he shall not, directly or indirectly, seek or further be entitled to any personal recovery in any lawsuit or other claim against the Corporation or any other
Releasee based on any event arising out of the matters released in paragraph 2 above. 

 4. Nothing herein shall be deemed to release: (i) any of the Employee’s rights
under the Separation Agreements; or (ii) any of the vested benefits that the Employee has accrued prior to the date this Release Agreement is executed by the Employee under the employee benefit plans and arrangements of the Corporation or any
of its affiliates; or (iii) any claims that may arise after the date this Release Agreement is executed. 
 5. In
consideration of the Employee’s release set forth in paragraph 2 above, the Corporation knowingly and willingly releases and forever discharges the Employee from any and all charges, complaints, claims, promises, agreements, controversies,
causes of action and demands of any nature whatsoever that the Corporation now has or hereafter can, shall or may have against him by reason of any matter, cause or thing whatsoever arising prior to the time of signing of this Release Agreement by
the Corporation, provided, however, that nothing herein is intended to release any claim the Corporation may have against the Employee for any illegal conduct or arising out of any illegal conduct and provided further that nothing herein shall be
deemed to release the Corporation’s rights under the Separation Agreements or for any claims that may arise after the date this Release Agreement is executed. 
 6. The Employee acknowledges that he has carefully read and fully understands all of the provisions and effects of this Release Agreement. The Employee also acknowledges that the Corporation, by this
paragraph and elsewhere, has advised him to consult with an attorney of his choice prior to signing this Release Agreement. The Employee represents that, to the extent he desires, he has had the opportunity to review this Release Agreement with an
attorney of his choice. 
 7. The Employee acknowledges that he has been offered the opportunity to consider the terms of this
Release Agreement for a period of at least twenty-one (21) days, although he may sign it sooner should he desire as long as the date of execution is after the Employee’s last day of active employment. The Employee further shall have seven
(7) additional days from the date of signing this Release Agreement to revoke his consent hereto by notifying, in writing, the VP of People of the Corporation at 5519 W. Idlewild Avenue, Tampa, FL 33618. This Release Agreement will not become
effective until seven days after the date on which the Employee has signed it without revocation. 
 Dated: __November 2, 2009

  

	
	 /s/ Juan Figuereo

	
	Juan Figuereo
	
	Cott Corporation
	
	Per:

  

					
	 /s/ Michael Creamer
	 		 	 /s/ Matthew A. Kane, Jr.

			
	Michael Creamer, VP People	 		 	Matt Kane, VP, General Counsel & SecretaryRevolving Promissory Note

 Exhibit 10.59 
  

					
	

	  	REVOLVING PROMISSORY NOTE	  	
			
	$2,000,000.00	  		  	December 30, 2009

  
 For value received, U.S. HOME SYSTEMS, INC., a Delaware corporation (“Borrower”, whether one or more) does hereby
promise to pay to the order of THE FROST NATIONAL BANK (“Lender”), at P.O. Box 1600, San Antonio, Texas 78296, or at such other address as Lender shall from time to time specify in writing, in lawful money of the United
States of America, the sum of TWO MILLION AND 00/100 DOLLARS ($2,000,000.00), or so much thereof as from time to time may be disbursed by Lender to Borrower under the “Borrowing Base Line of Credit” pursuant to the terms of that
certain Second Amended and Restated Loan Agreement of even date herewith between Borrower and Lender (as from time to time amended, modified or restated, the “Loan Agreement”), and be outstanding, together with interest from date
hereof on the principal balance outstanding from time to time as hereinafter provided. Interest shall be computed on a per annum basis of a year of 360 days and for the actual number of days elapsed, unless such calculation would result in a rate
greater than the highest rate permitted by applicable law, in which case interest shall be computed on a per annum basis of a year of 365 days or 366 days in a leap year, as the case may be. 
 1. Payment Terms. Interest only on amounts outstanding hereunder shall be due and payable monthly as it accrues, on the 2nd
day of each and every calendar month, beginning January 2, 2010, and continuing regularly and monthly thereafter until September 2, 2010, when the entire amount hereof, principal and interest then remaining unpaid, shall be then due and
payable; interest being calculated on the unpaid principal each day principal is outstanding and all payments made credited to any collection costs and late charges, to the discharge of the interest accrued and to the reduction of the principal, in
such order as Lender shall determine. 
 2. Late Charge. If a payment is made 10 days or more late, Borrower will
be charged, in addition to interest, a delinquency charge of (i) 5% of the unpaid portion of the regularly scheduled payment, or (ii) $250.00, whichever is less. Additionally, upon maturity of this Note, if the outstanding principal
balance (plus all accrued but unpaid interest) is not paid within 10 days of the maturity date, Borrower will be charged a delinquency charge of (i) 5% of the sum of the outstanding principal balance (plus all accrued but unpaid interest), or
(ii) $250.00, whichever is less. Borrower agrees with Lender that the charges set forth herein are reasonable compensation to Lender for the handling of such late payments. 
 3. Interest Rate. Interest on the outstanding and unpaid principal balance hereof shall be computed at the Applicable Rate (as
defined below), but in no event shall interest contracted for, charged or received hereunder plus any other charges in connection herewith which constitute interest exceed the maximum interest permitted by applicable law. 
 As used herein, the term “Applicable Rate” means a per annum rate equal to the lesser of (i) a rate equal to the Prime Rate
of Lender, plus one half of one percent (0.50%) per annum, with said rate to be adjusted on the first business day of each calendar month to reflect any change in said Prime Rate at such time or (ii) the highest rate permitted by applicable
law. 

 As used herein, for any date, the “Prime Rate” shall mean the prime rate of
interest charged by Lender as established from time to time. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. 
 4. Default Rate. Matured unpaid principal and interest shall bear interest from date of maturity until paid at the highest
rate permitted by applicable law, or if no such maximum rate is established by applicable law, at the rate stated above plus five percent (5%) per annum. 
 5. Revolving Line of Credit. Under the Loan Agreement, Borrower may request advances and make payments hereunder from time to time, provided that it is understood and agreed that the
aggregate principal amount outstanding from time to time hereunder shall not at any time exceed $2,000,000.00. The unpaid balance of this Note shall increase and decrease with each new advance or payment hereunder, as the case may be. This Note
shall not be deemed terminated or canceled prior to the date of its maturity, although the entire principal balance hereof may from time to time be paid in full. Borrower may borrow, repay and re-borrow hereunder. All payments and prepayments of
principal of or interest on this Note shall be made in lawful money of the United States of America in immediately available funds, at the address of Lender indicated above, or such other place as the holder of this Note shall designate in writing
to Borrower. If any payment of principal of or interest on this Note shall become due on a day which is not a Business Day (as hereinafter defined), such payment shall be made on the next succeeding Business Day and any such extension of time shall
be included in computing interest in connection with such payment. As used herein, the term “Business Day” shall mean any day other than a Saturday, Sunday or any other day on which national banking associations are authorized to be
closed. The books and records of Lender shall be prima facie evidence of all outstanding principal of and accrued and unpaid interest on this Note. 
 6. Prepayment. Borrower reserves the right to prepay, prior to maturity, all or any part of the principal of this Note without penalty. Any prepayments shall be applied first to accrued
interest and then to principal. Borrower will provide written notice to the holder of this Note of any such prepayment of all or any part of the principal at the time thereof. All payments and prepayments of principal or interest on this Note shall
be made in lawful money of the United States of America in immediately available funds, at the address of Lender indicated above, or such other place as the holder of this Note shall designate in writing to Borrower. All partial prepayments of
principal shall be applied to the last installments payable in their inverse order of maturity. 
 7. Default. It
is expressly provided that upon default in the punctual payment of this Note or any part hereof, principal or interest, as the same shall become due and payable, or upon the occurrence of an event of default specified in any of the other Loan
Documents (as defined below), the holder of this Note may, at its option, without further notice or demand, (i) declare the outstanding principal balance of and accrued but unpaid interest on this Note at once due and payable, (ii) refuse
to advance any additional amounts under this Note, (iii) foreclose all liens securing payment hereof, (iv) pursue any and all other rights, remedies and recourses available to the holder hereof, including but not limited to any such
rights, remedies or recourses under the Loan Documents, at law or in equity, or (v) pursue any combination of the foregoing; and in the event default is made in the prompt payment of this Note when due or declared due, and the same is placed in
the hands of an attorney for collection, or suit is brought on same, or the same is collected

  

 2 

 
through probate, bankruptcy or other judicial proceedings, then the Borrower agrees and promises to pay all costs of collection, including reasonable attorney’s fees. 
 8. No Usury Intended; Usury Savings Clause. In no event shall interest contracted for, charged or received hereunder, plus any
other charges in connection herewith which constitute interest, exceed the maximum interest permitted by applicable law. The amounts of such interest or other charges previously paid to the holder of the Note in excess of the amounts permitted by
applicable law shall be applied by the holder of the Note to reduce the principal of the indebtedness evidenced by the Note, or, at the option of the holder of the Note, be refunded. To the extent permitted by applicable law, determination of the
legal maximum amount of interest shall at all times be made by amortizing, prorating, allocating and spreading in equal parts during the period of the full stated term of the loan and indebtedness, all interest at any time contracted for, charged or
received from the Borrower hereof in connection with the loan and indebtedness evidenced hereby, so that the actual rate of interest on account of such indebtedness is uniform throughout the term hereof. 
 9. Security. This Note has been executed and delivered pursuant the Loan Agreement, and is secured by, inter alia, the
following: 
 (a) a Second Amended and Restated Security Agreement dated as of December 19, 2008 (as amended
or modified from time to time), by and between Borrower and Lender, covering certain collateral as more particularly described therein; and 
 (b) a Second Amended and Restated Security Agreement dated as of December 19, 2008 (as amended or modified from time to time) by and between U.S. Remodelers, Inc. and Lender, covering certain
collateral as more particularly described therein. 
 This Note, the Loan Agreement and all other documents evidencing, securing, governing,
guaranteeing and/or pertaining to this Note, including but not limited to those documents described above, are hereinafter collectively referred to as the “Loan Documents.” The holder of this Note is entitled to the benefits and
security provided in the Loan Documents. 
 10. Joint and Several Liability; Waiver. Each maker, signer, surety
and endorser hereof, as well as all heirs, successors and legal representatives of said parties, shall be directly and primarily, jointly and severally, liable for the payment of all indebtedness hereunder. Lender may release or modify the
obligations of any of the foregoing persons or entities, or guarantors hereof, in connection with this loan without affecting the obligations of the others. All such persons or entities expressly waive presentment and demand for payment, notice of
default, notice of intent to accelerate maturity, notice of acceleration of maturity, protest, notice of protest, notice of dishonor, and all other notices and demands for which waiver is not prohibited by law, and diligence in the collection
hereof; and agree to all renewals, extensions, indulgences, partial payments, releases or exchanges of collateral, or taking of additional collateral, with or without notice, before or after maturity. No delay or omission of Lender in exercising any
right hereunder shall be a waiver of such right or any other right under this Note. 
  

 3 

 11. Texas Finance Code. In no event shall Chapter 346 of the Texas Finance
Code (which regulates certain revolving loan accounts and revolving tri-party accounts) apply to this Note. To the extent that Chapter 303 of the Texas Finance Code is applicable to this Note, the “weekly ceiling” specified in such article
is the applicable ceiling; provided that, if any applicable law permits greater interest, the law permitting the greatest interest shall apply. 
 12. Governing Law, Venue. This Note is being executed and delivered, and is intended to be performed in the State of Texas. Except to the extent that the laws of the United States may apply
to the terms hereof, the substantive laws of the State of Texas shall govern the validity, construction, enforcement and interpretation of this Note. In the event of a dispute involving this Note or any other instruments executed in connection
herewith, the undersigned irrevocably agrees that venue for such dispute shall lie in any court of competent jurisdiction in Bexar County, Texas. 
 13. Purpose of Loan. Borrower agrees that no advances under this Note shall be used for personal, family or household purposes, and that all advances hereunder shall be used solely for
business, commercial, investment, or other similar purposes. 
 14. Captions. The captions in this Note are
inserted for convenience only and are not to be used to limit the terms herein. 
 15. Financial Information.
Borrower agrees to promptly furnish such financial information and statements, including financial statements in a format acceptable to Lender, lists of assets and liabilities, agings of receivables and payables, inventory schedules, budgets,
forecasts, tax returns, and other reports with respect to Borrower’s financial condition and business operations as Lender may request from time to time. This provision shall not alter the obligation of Borrower to deliver to Lender any other
financial statements or reports pursuant to the terms of any other loan documents executed in connection with this Note. 
 16.
Renewal and Extension. This Note is given in renewal and extension, but not extinguishment, of all amounts left owing and unpaid on that certain Revolving Promissory Note dated December 19, 2008, executed and delivered by Borrower
and payable to the order of Lender in the original principal amount of $4,000,000, which note was given in renewal and extension, but not extinguishment, of all amounts left owing and unpaid on (i) that certain Revolving Promissory Note dated
April 2, 2007, executed and delivered by Borrower and payable to the order of Lender in the original principal amount of $6,000,000, which note was given in renewal, extension and increase, but not extinguishment of certain indebtedness
described therein, (ii) that certain Revolving Promissory Note dated February 9, 2006, to be effective for all purposes as of February 10, 2006, executed and delivered by Borrower and payable to the order of Lender in the original
principal amount of $4,000,000, as modified by that certain Modification Agreement dated as of January 1, 2007, which note was given in renewal, extension and increase, but not extinguishment of certain indebtedness described therein, and
(iii) that certain Revolving Promissory Note dated February 9, 2006, to be effective for all purposes as of February 10, 2006, executed and delivered by Borrower and payable to the order of Lender in the original principal amount of
$3,000,000, as modified by that certain Modification Agreement dated as of January 1, 2007, which note was given in renewal, extension and increase, but not in extinguishment of certain indebtedness described therein. 
  

 4 

			
	 BORROWER:
  
 U.S. HOME SYSTEMS, INC.

		
	By:	 	/s/Robert A. DeFronzo

			
		
	Name:	 	Robert A. DeFronzo
	Title:	 	 Secretary – Treasurer,
 Chief Financial Officer

  

 5

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