Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
  

AMENDMENT NO. 5, 
 INCREMENTAL
ASSUMPTION AGREEMENT 
 and 

REFINANCING FACILITY AGREEMENT 

dated as of May 30, 2018 

relating to the 
 SECOND AMENDED AND
RESTATED CREDIT AGREEMENT 
 dated as of June 4, 2014, 

among 
 TRANSDIGM INC., 

TRANSDIGM GROUP INCORPORATED, 
 THE
SUBSIDIARIES OF TRANSDIGM INC. FROM TIME TO TIME PARTY THERETO, 
 THE LENDERS PARTY THERETO 

and 
 CREDIT SUISSE AG, 

as Administrative Agent and Collateral Agent 
  

 
 CREDIT SUISSE
LOAN FUNDING LLC, 
 CITIGROUP GLOBAL MARKETS INC., 

BARCLAYS BANK PLC, 
 CREDIT AGRICOLE
CORPORATE AND INVESTMENT BANK, 
 GOLDMAN SACHS LENDING PARTNERS LLC, 

HSBC SECURITIES (USA) INC., 

JPMORGAN CHASE BANK, N.A., 
 KKR
CAPITAL MARKETS LLC, 
 MORGAN STANLEY SENIOR FUNDING, INC., 

PNC BANK, NATIONAL ASSOCIATION 
 and

 RBC CAPITAL MARKETS, 
 as Joint
Lead Arrangers and Joint Bookrunners 
  
  

 

[CS&M Ref. No. 5865-797]   

 AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT dated as of May 30, 2018 (this “Agreement”), to the SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of June 4, 2014 (as amended, supplemented or otherwise modified from time to time
prior to the date hereof, the “Credit Agreement”; and as amended hereby, the “Amended Credit Agreement”), among TRANSDIGM INC., a Delaware corporation (the “Borrower”), TRANSDIGM GROUP INCORPORATED,
a Delaware corporation (“Holdings”), each subsidiary of the Borrower from time to time party thereto, the lenders party thereto, and CREDIT SUISSE AG, as administrative agent and collateral agent for the Lenders (in such capacities,
the “Agent”). 
 A.    The Borrower has requested that (i) the Persons set forth
on Schedule I hereto (the “Tranche E Refinancing Term Lenders”) make Refinancing Term Loans to the Borrower in an aggregate principal amount of $1,322,016,369.26 (the “Tranche E Refinancing Term Loans”) on the
Amendment No. 5 Effective Date (as defined below), (ii) the Persons set forth on Schedule I hereto (the “Tranche E Incremental Term Lenders” and, together with the Tranche E Refinancing Term Lenders, the “New
Tranche E Term Lenders”) make Incremental Term Loans to the Borrower in an aggregate principal amount of $933,007,785.32 (the “Tranche E Incremental Term Loans”, and together with the Tranche E Refinancing Term Loans, the
“New Tranche E Term Loans”) on the Amendment No. 5 Effective Date, (iii) the Persons set forth on Schedule I hereto (the “New Tranche F Term Lenders” and, together with the New Tranche E Term Lenders, the
“2018 New Term Lenders”) make Refinancing Term Loans to the Borrower in an aggregate principal amount of $3,577,740,539.00 (the “New Tranche F Term Loans” and, together with the New Tranche E Term Loans, the
“2018 New Term Loans”) on the Amendment No. 5 Effective Date, (iv) the final maturity date of the Revolving Credit Commitments be extended to the Extended Revolving Credit Maturity Date (as defined herein) (each Dollar
Revolving Credit Lender that consents to such extension, a “Consenting Dollar Revolving Credit Lender” and each Multicurrency Revolving Credit Lender that consents to such extension, a “Consenting Multicurrency Revolving
Credit Lender”; the Consenting Dollar Revolving Credit Lenders and the Consenting Multicurrency Revolving Credit Lenders, collectively, the “Consenting Revolving Credit Lenders”), (v) the Persons set forth on Schedule I
hereto (the “Additional Revolving Credit Lenders”) provide Incremental Revolving Credit Commitments (x) in the form of additional Dollar Revolving Credit Commitments in an aggregate amount of $38,564,150.00 (the
“Additional Dollar Revolving Credit Commitments”) and (y) in the form of additional Multicurrency Revolving Credit Commitments in an aggregate amount of $11,435,850.00 (the “Additional Multicurrency Revolving Credit
Commitments” and, together with the Additional Dollar Revolving Credit Commitments, the “Additional Revolving Credit Commitments”), and (vi) certain provisions of the Credit Agreement be amended as set forth herein.

 B.    The 2018 New Term Lenders are willing to make the 2018 New Term Loans to the Borrower, the
Consenting Revolving Credit Lenders are willing to extend 

 
 2
 
  

 
the maturity date of their Revolving Credit Commitments and the Additional Revolving Credit Lenders are willing to provide the Additional Revolving Credit Commitments, in each case on the
Amendment No. 5 Effective Date, and the Lenders party hereto, constituting the Required Lenders, are willing to amend the Credit Agreement as provided for herein, in each case, on the terms and subject to the conditions set forth herein and in
the Credit Agreement. 
 Accordingly, in consideration of the mutual agreements herein contained and other good and valuable
consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION
1. Defined Terms. Capitalized terms used but not defined herein (including in the recitals hereto) shall have the meanings given to them in the Credit Agreement. The rules of interpretation set forth in Section 1.03 of the Credit
Agreement are hereby incorporated by reference herein, mutatis mutandis. As used herein, the term “2018 Transactions” means, collectively, (a) the execution, delivery and performance by each Loan Party of this Agreement,
(b) the Borrowing of the 2018 New Term Loans hereunder and the use of the proceeds thereof in accordance with the terms of the Credit Agreement and this Agreement, (c) the repayment in full of the outstanding Tranche E Term Loans, together
with all accrued and unpaid interest thereon (the “Tranche E Refinancing”), (d) the repayment in full of the outstanding Tranche F Term Loans, together with all accrued and unpaid interest thereon (the “Tranche F
Refinancing”), (e) the extension of the maturity date of the Revolving Credit Commitments of the Consenting Revolving Credit Lenders, (f) the establishment of the Additional Revolving Credit Commitments pursuant hereto and (g) the
payment of fees and expenses incurred in connection with the foregoing (the “Transaction Costs”). 

SECTION 2. New Term Loan Commitments. (a) Each Tranche E Refinancing Term Lender hereby agrees, severally and not
jointly, on the terms set forth herein and in the Credit Agreement and subject to the conditions set forth herein, to make Tranche E Refinancing Term Loans to the Borrower on the Amendment No. 5 Effective Date in an aggregate principal amount
not to exceed the amount set forth opposite such Tranche E Refinancing Term Lender’s name on Schedule I hereto under the heading “Tranche E Refinancing Term Loan Commitment”. Amounts borrowed under this Section 2(a) and repaid or
prepaid may not be reborrowed. 
 (b) Each Tranche E Incremental Term Lender hereby agrees, severally and
not jointly, on the terms set forth herein and in the Credit Agreement and subject to the conditions set forth herein, to make Tranche E Incremental Term Loans to the Borrower on the Amendment No. 5 Effective Date in an aggregate principal
amount not to exceed the amount set forth opposite such Tranche E Incremental Term Lender’s name on Schedule I hereto under the heading “Tranche E Incremental Term Loan Commitment”. Amounts borrowed under this Section 2(b) and
repaid or prepaid may not be reborrowed. 
 (c) Each New Tranche F Term Lender hereby agrees, severally and
not jointly, on the terms set forth herein and in the Credit Agreement and subject to 

 
 3
 
  

 
the conditions set forth herein, to make New Tranche F Term Loans to the Borrower on the Amendment No. 5 Effective Date in an aggregate principal amount not to exceed the amount set forth
opposite such New Tranche F Term Lender’s name on Schedule I hereto under the heading “New Tranche F Term Loan Commitment”. Amounts borrowed under this Section 2(c) and repaid or prepaid may not be reborrowed. 

(d) Unless the context shall otherwise require, (i) the Tranche E Refinancing Term Loans and the New
Tranche F Term Loans shall constitute “Refinancing Term Loans” and the Tranche E Refinancing Term Lenders and the New Tranche F Term Lenders shall constitute “Refinancing Term Lenders” and “Lenders” and (ii) the
Tranche E Incremental Term Loans shall constitute “Incremental Term Loans” and the Tranche E Incremental Term Lenders shall constitute “Incremental Term Lenders” and “Lenders”, in each case for all purposes of the
Amended Credit Agreement and the other Loan Documents. 
 (e) From and after the Amendment No. 5
Effective Date, the Tranche E Refinancing Term Loans and the Tranche E Incremental Term Loans shall constitute a single Class of Term Loans under the Amended Credit Agreement, being referred to therein as the “Tranche E Term Loans”.

 (f) The proceeds of the New Tranche E Term Loans shall be used (i) to finance the Tranche E
Refinancing, (ii) to finance a portion of the Tranche F Refinancing, (iii) for other general corporate purposes of the Borrower, including to fund Permitted Acquisitions and other Investments and (iv) to pay Transaction Costs. 

(g) The proceeds of the New Tranche F Term Loans shall be used solely (i) to finance the Tranche F
Refinancing and (ii) to pay Transaction Costs. 
 (h) Unless previously terminated, the commitments of
the 2018 New Term Lenders pursuant to Sections 2(a), (b) and (c) shall terminate upon the making of the 2018 New Term Loans on the Amendment No. 5 Effective Date. 

(i) The initial Interest Period with respect to the New Tranche E Term Loans and the New Tranche F Term Loans
shall be the Interest Period set forth in the applicable notice of borrowing delivered by the Borrower to the Administrative Agent pursuant to Section 5(d) of this Agreement. 

SECTION 3. Extension of Revolving Credit Commitments. Effective as of the Amendment No. 5 Effective Date, subject
to the conditions set forth herein and in the Amended Credit Agreement: 
 (a)    (i) Each Consenting
Dollar Revolving Credit Lender shall be an Extended Dollar Revolving Credit Lender under and as defined in the Amended Credit Agreement, and its Dollar Revolving Credit Commitment and Dollar Revolving Loans shall be an Extended Dollar Revolving
Credit Commitment and Extended 

 
 4
 
  

 
Dollar Revolving Loans thereunder, respectively, and (ii) each Consenting Multicurrency Revolving Credit Lender shall be an Extended Multicurrency Revolving Credit Lender under and as
defined in the Amended Credit Agreement, and its Multicurrency Revolving Credit Commitment and Multicurrency Revolving Loans shall be an Extended Multicurrency Revolving Credit Commitment and Extended Multicurrency Revolving Loans thereunder,
respectively. 
 (b)    (i) Each Dollar Revolving Credit Lender that is not a Consenting Dollar
Revolving Credit Lender shall be a Non-Extended Dollar Revolving Credit Lender under and as defined in the Amended Credit Agreement, and its Dollar Revolving Credit Commitment and Dollar Revolving Loans shall
be redesignated as a Non-Extended Dollar Revolving Credit Commitment and Non-Extended Dollar Revolving Loans thereunder, respectively, and (ii) each Multicurrency
Revolving Credit Lender that is not a Consenting Multicurrency Revolving Credit Lender shall be a Non-Extended Multicurrency Revolving Credit Lender under and as defined in the Amended Credit Agreement, and
its Multicurrency Revolving Credit Commitment and Multicurrency Revolving Loans shall be redesignated as a Non-Extended Multicurrency Revolving Credit Commitment and
Non-Extended Multicurrency Revolving Loans thereunder, respectively. 

(c)    For the avoidance of doubt, all Revolving Loans and Letters of Credit outstanding as of the
Amendment No. 5 Effective Date shall remain outstanding. 
 (d) The Borrower and any Revolving Credit Lender may, at
any time, agree to convert all or any portion of the Non-Extended Dollar Revolving Credit Commitment (such term and each other capitalized term used in this Section 3(d) having the meaning assigned
thereto in the Amended Credit Agreement) or Non-Extended Multicurrency Revolving Credit Commitment of such Revolving Credit Lender into an Extended Dollar Revolving Credit Commitment or Extended Multicurrency
Revolving Credit Commitment, respectively (and any Revolving Loans outstanding in respect thereof into Extended Dollar Revolving Loans or Extended Multicurrency Revolving Loans, as the case may be), pursuant to procedures reasonably satisfactory to
the Agent. 
 (e)    On the Amendment No. 5 Effective Date, immediately following the transactions
contemplated by this Section 3, the Non-Extended Dollar Revolving Credit Commitments and the Non-Extended Multicurrency Revolving Credit Commitments shall
automatically be terminated in full and, in connection with such termination, the reallocation of the participations of the Extended Dollar Revolving Credit Lenders with respect to Dollar Letters of Credit and of the Extended Multicurrency Revolving
Credit Lenders with respect to Multicurrency Letters of Credit and Swingline Loans, if any, contemplated by Sections 2.22(h) and 2.23(m) of the Credit Agreement shall be effected in accordance with the terms thereof. 

SECTION 4. Revolving Commitment Increase. 

 
 5
 
  

 (a) Each Additional Revolving Credit Lender hereby agrees,
severally and not jointly, on the terms and subject to the conditions set forth herein and in the Amended Credit Agreement, to provide an Additional Dollar Revolving Credit Commitment and an Additional Multicurrency Revolving Credit Commitment to
the Borrower on the Amendment No. 5 Effective Date, in each case, in an amount equal to the amount set forth opposite such Additional Revolving Credit Lender’s name on Schedule I hereto under the heading “Additional Dollar Revolving
Credit Commitment” and “Additional Multicurrency Revolving Credit Commitment”, respectively. 

(b) The Additional Revolving Credit Lenders shall constitute “Extended Dollar Revolving Credit
Lenders” and “Extended Multicurrency Revolving Credit Lenders”, the Additional Dollar Revolving Credit Commitments shall constitute “Extended Dollar Revolving Credit Commitments”, and the loans made thereunder shall
constitute “Extended Dollar Revolving Loans”, and the Additional Multicurrency Revolving Credit Commitments shall constitute “Extended Multicurrency Revolving Credit Commitments”, and the loans made thereunder shall constitute
“Extended Multicurrency Revolving Loans”, in each case for all purposes of the Amended Credit Agreement and the other Loan Documents. 

(c) (i) Upon the effectiveness of the Additional Dollar Revolving Credit Commitments, each Dollar
Revolving Credit Lender immediately prior to such effectiveness will automatically and without further act be deemed to have assigned to each Additional Revolving Credit Lender, and each such Additional Revolving Credit Lender will automatically and
without further act be deemed to have assumed, a portion of such Dollar Revolving Credit Lender’s participations under the Amended Credit Agreement in outstanding Dollar Letters of Credit such that, after giving effect to each such deemed
assignment and assumption of participations, the percentage of the aggregate outstanding participations under the Amended Credit Agreement in Dollar Letters of Credit held by each Dollar Revolving Credit Lender (including each such Additional
Revolving Credit Lender) will equal such Lender’s Pro Rata Percentage and (ii) if, immediately prior to the Amendment No. 5 Effective Date, there are any Dollar Revolving Loans outstanding, such Dollar Revolving Loans shall, upon the
effectiveness of the Additional Dollar Revolving Credit Commitments, be prepaid from the proceeds of additional Dollar Revolving Loans made under the Amended Credit Agreement (reflecting the increase in the Total Dollar Revolving Credit Commitment),
which prepayment shall be accompanied by accrued interest on the Dollar Revolving Loans being prepaid and any costs incurred by any Dollar Revolving Credit Lender in accordance with Section 2.15 of the Amended Credit Agreement. 

(d) (i) Upon the effectiveness of the Additional Multicurrency Revolving Credit Commitments, each
Multicurrency Revolving Credit Lender immediately prior to such effectiveness will automatically and without further act be deemed to have assigned to each Additional Revolving Credit Lender, and each such

 
 6
 
  

 
Additional Revolving Credit Lender will automatically and without further act be deemed to have assumed, a portion of such Multicurrency Revolving Credit Lender’s participations under the
Amended Credit Agreement in outstanding Multicurrency Letters of Credit and, if applicable, Swingline Loans, such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding
participations under the Amended Credit Agreement in Multicurrency Letters of Credit and Swingline Loans held by each Multicurrency Revolving Credit Lender (including each such Additional Revolving Credit Lender) will, in each case, equal such
Lender’s Pro Rata Percentage and (ii) if, immediately prior to the Amendment No. 5 Effective Date, there are any Multicurrency Revolving Loans outstanding, such Multicurrency Revolving Loans shall, upon the effectiveness of the
Additional Multicurrency Revolving Credit Commitments, be prepaid from the proceeds of additional Multicurrency Revolving Loans made under the Amended Credit Agreement (reflecting the increase in the Total Multicurrency Revolving Credit Commitment),
which prepayment shall be accompanied by accrued interest on the Multicurrency Revolving Loans being prepaid and any costs incurred by any Multicurrency Revolving Credit Lender in accordance with Section 2.15 of the Amended Credit Agreement.

 SECTION 5. Amendments to Credit Agreement. Effective as of the Amendment No. 5 Effective Date, the Credit
Agreement is hereby amended as follows: 
 (a) Section 1.01 of the Credit Agreement is hereby amended
by inserting the following defined terms in the appropriate alphabetical order therein: 

“Amendment No. 5” means Amendment No. 5, Incremental Assumption
Agreement and Refinancing Facility Agreement dated as of May 30, 2018, relating to this Agreement. 

“Amendment No. 5 Effective Date” has the meaning assigned to such term in
Amendment No. 5. 
 “Non-Accepting Lender”
has the meaning assigned to such term in Section 2.25(d). 
 (b) Clause (b) of the definition of
the term “Applicable Rate” set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“(b) with respect to Tranche E Term Loans, Tranche F Term Loans and Tranche G Term Loans, (i) for Eurocurrency
Loans, 2.50% per annum, and (ii) for ABR Loans, 1.50% per annum; and”. 
 (c) The definition of
the term “ EURIBO Rate” set forth in Section 1.01 of the Credit Agreement is hereby amended by adding the following proviso immediately following the words “equivalent to such Interest Period” therein: 

 
 7
 
  

 “; provided that if such rate is not available at such time for
any reason, then the “EURIBO Rate” for such Interest Period shall be a comparable successor rate that is, at such time, broadly accepted by the syndicated loan market for loans denominated in Euro in lieu of the “EURIBO Rate” or,
if no such broadly accepted comparable successor rate exists at such time, a successor index rate as the Agent may determine (giving due consideration to any evolving or then existing convention for similar Euro denominated syndicated credit
facilities for such alternative benchmarks (any such proposed rate, a “EURIBO Successor Rate”)), and such EURIBO Successor Rate shall become effective at 5:00 p.m. (New York City time) on the fifth Business Day after the Agent shall
have posted such proposed amendment to all Lenders and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Agent written notice that such Required Lenders do not accept such amendment
(provided that the foregoing proviso shall not apply with respect to the Non-Extended Revolving Loans)” 

(d) The last sentence of the term “Extended Dollar Revolving Credit Commitment” set forth in
Section 1.01 of the Credit Agreement is deleted in its entirety and replaced with the following: 
 “The
aggregate amount of the Extended Dollar Revolving Credit Commitments on the Amendment No. 5 Effective Date is $500,616,709.19.” 

(e) The last sentence of the term “Extended Multicurrency Revolving Credit Commitment” set forth in
Section 1.01 of the Credit Agreement is deleted in its entirety and replaced with the following: 
 “The
aggregate amount of the Extended Multicurrency Revolving Credit Commitments on the Amendment No. 5 Effective Date is $99,383,290.82.” 

(f) The definition of the term “Extended Revolving Credit Maturity Date” set forth in
Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“Extended Revolving Credit Maturity Date” means December 28, 2022, provided that
if on any date prior to December 28, 2022 (any such date, a “Reference Date”), any of (x) the Borrower’s 5.50% Senior Subordinated Notes due 2020, (y) the 2014 Senior Subordinated Notes or (z) any Indebtedness
(“Refinanced Indebtedness”) incurred to refinance or otherwise extend the maturity date of the Borrower’s 5.50% Senior Subordinated Notes due 2020, the 2014 Senior Subordinated Notes or other Refinanced Indebtedness, is outstanding
and scheduled to mature or similarly become due on or prior to the date that is sixty days after the Reference Date, the Revolving Credit Maturity Date shall instead be the 

 
 8
 
  

 
Reference Date; provided, further, that, in each case, if any such day is not a Business Day, the Revolving Credit Maturity Date shall be the Business Day immediately preceding such
day. 
 (g) The definition of the term “ LIBO Rate” set forth in Section 1.01 of the Credit
Agreement is hereby amended by adding the following proviso immediately following the words “equal to such Interest Period” therein: 

“; provided that if such rate is not available at such time for any reason, then the “LIBO Rate” for
such Interest Period shall be a comparable successor rate that is, at such time, broadly accepted by the syndicated loan market for loans denominated in the applicable currency in lieu of the “LIBO Rate” or, if no such broadly accepted
comparable successor rate exists at such time, a successor index rate as the Agent may determine (giving due consideration to any evolving or then existing convention for similar syndicated credit facilities denominated in such currency for such
alternative benchmarks (any such proposed rate, a “LIBO Successor Rate”)), and such LIBO Successor Rate shall become effective at 5:00 p.m. (New York City time) on the fifth Business Day after the Agent shall have posted such
proposed amendment to all Lenders and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Agent written notice that such Required Lenders do not accept such amendment (provided that the
foregoing proviso shall not apply with respect to the Tranche G Term Loans and the Non-Extended Revolving Loans)” 

(h) The last sentence of the term “Non-Extended Dollar Revolving
Credit Commitment” set forth in Section 1.01 of the Credit Agreement is deleted in its entirety and replaced with the following: 

“The aggregate amount of the Non-Extended Dollar Revolving Credit Commitments on
the on the Amendment No. 5 Effective Date is $0.00.” 
 (i) The last sentence of the term “Non-Extended Multicurrency Revolving Credit Commitment” set forth in Section 1.01 of the Credit Agreement is deleted in its entirety and replaced with the following: 

“The aggregate amount of the Non-Extended Multicurrency Revolving Credit
Commitments on the Amendment No. 5 Effective Date is $0.00.” 
 (j) The definition of the term “Non-Extended Revolving Credit Maturity Date” set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“Non-Extended Revolving Credit Maturity Date” means
February 28, 2020. 

 
 9
 
  

 (k) Clause (7) of the definition of the term
“Permitted Indebtedness” set forth in Section 1.01 of the Credit Agreement is hereby amended by replacing “$150,000,000” therein with “the greater of (a) $150,000,000, and (b) 9% of the Consolidated EBITDA of the
Borrower for the most recently ended period of four fiscal quarters for which financial statements have been delivered pursuant to Section 5.01(a) or (b)”. 

(l) Clause (11) of the definition of the term “Permitted Indebtedness” set forth in
Section 1.01 of the Credit Agreement is hereby amended by replacing “$150,000,000” therein with “the greater of (a) $150,000,000, and (b) 9% of the Consolidated EBITDA of the Borrower for the most recently ended period of four
fiscal quarters for which financial statements have been delivered pursuant to Section 5.01(a) or (b)”. 

(m) Clause (12) of the definition of the term “Permitted Indebtedness” set forth in
Section 1.01 of the Credit Agreement is hereby amended by replacing “4.25 to 1.00” therein with “5.00 to 1.00”. 

(n) Clause (14) of the definition of the term “Permitted Indebtedness” set forth in
Section 1.01 of the Credit Agreement is hereby amended by replacing “$150,000,000” therein with “the greater of (a) $250,000,000, and (b) 15% of the Consolidated EBITDA of the Borrower for the most recently ended period of four
fiscal quarters for which financial statements have been delivered pursuant to Section 5.01(a) or (b)”. 

(o) Clause (18) of the definition of the term “Permitted Indebtedness” set forth in
Section 1.01 of the Credit Agreement is hereby amended by replacing “$350,000,000” therein with “the greater of (a) $350,000,000, and (b) 21% of the Consolidated EBITDA of the Borrower for the most recently ended period of four
fiscal quarters for which financial statements have been delivered pursuant to Section 5.01(a) or (b)”. 

(p) The definition of the term “Total Dollar Revolving Credit Commitment” set forth in
Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“Total Dollar Revolving Credit Commitment” means, at any time, the aggregate amount of
Dollar Revolving Credit Commitments, as in effect at such time. The Total Dollar Revolving Credit Commitment as of the Amendment No. 5 Effective Date is $500,616,709.19.” 

(q) The definition of the term “Total Multicurrency Revolving Credit Commitment” set forth in
Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“Total Multicurrency Revolving Credit Commitment” means, at any time, the aggregate amount
of Multicurrency Revolving Credit 

 
 10
 
  

 
Commitments, as in effect at such time. The Total Multicurrency Revolving Credit Commitment as of the Amendment No. 5 Effective Date is $99,383,290.82.” 

(r) The definition of the term “Tranche E Maturity Date” set forth in Section 1.01 of the
Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 “Tranche E
Maturity Date” means May 30, 2025. 
 (s) The definition of the term “Tranche E Term Loan
Commitments” set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“Tranche E Term Loan Commitments” means the New Tranche E Term Loan Commitments in an
aggregate principal amount of $2,255,024,154.58 established pursuant to (and as defined in) Amendment No. 5. 

(t) The definition of the term “Tranche E Term Loans” set forth in Section 1.01 of the Credit
Agreement is hereby amended and restated in its entirety to read as follows: 
 “Tranche E Term
Loans” means the Term Loans made by the Lenders to the Borrower pursuant to Sections 2(a) and (b) of Amendment No. 5. 

(u) The definition of the term “Tranche F Term Loan Commitments” set forth in Section 1.01 of
the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 “Tranche
F Term Loan Commitments” means the New Tranche F Term Loan Commitments in an aggregate principal amount of $3,577,740,539.00 established pursuant to (and as defined in) Amendment No. 5. 

(v) The definition of the term “Tranche F Term Loans” set forth in Section 1.01 of the Credit
Agreement is hereby amended and restated in its entirety to read as follows: 
 “Tranche F Term
Loans” means the Term Loans made by the Lenders to the Borrower pursuant to Section 2(c) of Amendment No. 5. 

(w) Section 2.08(a) of the Credit Agreement is hereby amended by restating clause (iii) in its
entirety as follows: 
 The Borrower shall pay to the Agent, for the account of the Tranche E Term Lenders, on the dates
set forth below, or if any 

 
 11
 
  

 
such date is not a Business Day, on the next preceding Business Day, a principal amount of the Tranche E Term Loans (as adjusted from time to time pursuant to Sections 2.08(c), 2.09(c), 2.10(h)
and 2.24(d)) equal to the amount set forth below for such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment: 

 

			
	
DATE
  
	 	
SCHEDULED TRANCHE  

E TERM LOAN

REPAYMENTS

	June 30, 2018	 	$5,637,560.39
	September 30, 2018	 	$5,637,560.39
	December 31, 2018	 	$5,637,560.39
	March 31, 2019	 	$5,637,560.39
	June 30, 2019	 	$5,637,560.39
	September 30, 2019	 	$5,637,560.39
	December 31, 2019	 	$5,637,560.39
	March 31, 2020	 	$5,637,560.39
	June 30, 2020	 	$5,637,560.39
	September 30, 2020	 	$5,637,560.39
	December 31, 2020	 	$5,637,560.39
	March 31, 2021	 	$5,637,560.39
	June 30, 2021	 	$5,637,560.39
	September 30, 2021	 	$5,637,560.39
	December 31, 2021	 	$5,637,560.39
	March 31, 2022	 	$5,637,560.39
	June 30, 2022	 	$5,637,560.39
	September 30, 2022	 	$5,637,560.39
	December 31, 2022	 	$5,637,560.39
	March 31, 2023	 	$5,637,560.39
	June 30, 2023	 	$5,637,560.39
	September 30, 2023	 	$5,637,560.39
	December 31, 2023	 	$5,637,560.39
	March 31, 2024	 	$5,637,560.39
	June 30, 2024	 	$5,637,560.39
	September 30, 2024	 	$5,637,560.39
	December 31, 2024	 	$5,637,560.39
	March 31, 2025	 	$5,637,560.39
	Tranche E Maturity Date	 	Remainder

 (x) Section 2.08(a) of the Credit Agreement is hereby amended by
restating clause (iv) in its entirety as follows: 

 
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 The Borrower shall pay to the Agent, for the account of the Tranche F Term
Lenders, on the dates set forth below, or if any such date is not a Business Day, on the next preceding Business Day, a principal amount of the Tranche F Term Loans (as adjusted from time to time pursuant to Sections 2.08(c), 2.09(c), 2.10(h) and
2.24(d)) equal to the amount set forth below for such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment: 

 

			
	 DATE

 
	 	
SCHEDULED TRANCHE  

F TERM LOAN

REPAYMENTS

	
June 30, 2018
	 	$8,944,351.35
	
September 30, 2018
	 	$8,944,351.35
	
December 31, 2018
	 	$8,944,351.35
	
March 31, 2019
	 	$8,944,351.35
	
June 30, 2019
	 	$8,944,351.35
	
September 30, 2019
	 	$8,944,351.35
	
December 31, 2019
	 	$8,944,351.35
	
March 31, 2020
	 	$8,944,351.35
	
June 30, 2020
	 	$8,944,351.35
	
September 30, 2020
	 	$8,944,351.35
	
December 31, 2020
	 	$8,944,351.35
	
March 31, 2021
	 	$8,944,351.35
	
June 30, 2021
	 	$8,944,351.35
	
September 30, 2021
	 	$8,944,351.35
	
December 31, 2021
	 	$8,944,351.35
	
March 31, 2022
	 	$8,944,351.35
	
June 30, 2022
	 	$8,944,351.35
	
September 30, 2022
	 	$8,944,351.35
	
December 31, 2022
	 	$8,944,351.35
	
March 31, 2023
	 	$8,944,351.35
	
Tranche F Maturity Date
	 	Remainder

 (y) Section 2.09(d) of the Credit Agreement is hereby amended by
replacing the words “prior to the date that is six months after the Amendment No. 4 Effective Date” therein with the words “prior to the date that is six months after the Amendment No. 5 Effective Date”. 

 
 13
 
  

 (z) Section 2.24(c) of the Credit Agreement is hereby
amended by replacing “4.25 to 1.00” in clause (iv) thereof with “5.00 to 1.00”. 

(aa) Section 2.25 of the Credit Agreement is hereby amended by inserting the following clause (d): 

(d) In connection with any Loan Modification Offer with respect to any Class of Revolving Credit Commitments, the
Borrower may, concurrently with or at any time following the effectiveness of such Loan Modification Offer, elect to replace any Revolving Credit Lender of the Affected Class that does not become an Accepting Lender with respect to such Loan
Modification Offer (any such Lender, a “Non-Accepting Lender”), provided that, concurrently with such replacement by the Borrower, (i) another bank or other entity which is
reasonably satisfactory to the Borrower and the Agent shall agree, as of such date, to purchase for cash the Revolving Credit Commitments and Revolving Loans of the Affected Class held by such
Non-Accepting Lender pursuant to an Assignment and Assumption and to become a Lender for all purposes under this Agreement and to assume all obligations of the
Non-Accepting Lender to be terminated as of such date and to comply with the requirements of clause (b) of Section 9.04, (ii) the replacement Lender shall become an Accepting Lender with respect
to the applicable Loan Modification Offer and (iii) the Borrower shall pay to such Non-Accepting Lender in same day funds on the day of such replacement (1) all interest, fees and other amounts then
accrued but unpaid to such Non-Accepting Lender by the Borrower hereunder to and including the date of termination, including, without limitation, payments due to such
Non-Accepting Lender under Sections 2.14 and 2.16, and (2) an amount, if any, equal to the payment which would have been due to such Non-Accepting Lender on
the day of such replacement under Section 2.15 had the Loans of such Non-Accepting Lender been prepaid on such date rather than sold to the replacement Lender. Each Lender agrees that if the Agent or the
Borrower, as the case may be, exercises its option hereunder, it shall promptly execute and deliver all agreements and documentation necessary to effectuate such assignment as set forth in Section 9.04. The Agent or the Borrower shall be
entitled (but not obligated) to execute and deliver such agreement and documentation on behalf of such Non-Accepting Lender and any such agreement and/or documentation so executed by the Agent or the Borrower
shall be effective for purposes of documenting an assignment pursuant to Section 9.04. 
 (bb)
Section 5.09 of the Credit Agreement is hereby amended by deleting the phrase “(or, in the case of the Tranche F Term Loans, in Amendment No.1)”. 

(cc) Section 6.02(c)(10) of the Credit Agreement is hereby amended by (i) replacing the words
“the first anniversary of the Amendment No. 3 Effective 

 
 14
 
  

 
Date” in each instance they appear therein with the words “December 31, 2018” and (ii) replacing “6.50 to 1.00” therein with “6.75 to 1.00”. 

(dd) Section 6.02 of the Credit Agreement is hereby amended by replacing “6.00 to 1.00” in
clause (2) of the last paragraph thereof with “6.75 to 1.00”. 
 (ee) Section 6.12 of
the Credit Agreement is hereby amended and restated in its entirety as follows: 
 “SECTION 6.12. Business of
Holdings. Holdings shall not engage in any business activities or have any material assets or liabilities other than its ownership of the Equity Interests of the Borrower and assets and liabilities incidental to its function as a holding
company, including its liabilities hereunder, under the Senior Subordinated Notes Indentures and under any guaranty of Indebtedness permitted by Section 6.01, and pursuant to the Guarantee and Collateral Agreement and any other Loan Document or
Senior Subordinated Notes Document.” 
 (ff) The Commitment Schedule to the Credit Agreement is hereby
amended to read in its entirety in the form attached as Exhibit A hereto. 
 SECTION 6. Conditions Precedent to
Effectiveness. The effectiveness of this Agreement, the obligations of the 2018 New Term Lenders to make the 2018 New Term Loans, the agreements of the Consenting Revolving Credit Lenders under Section 3 hereof, and the obligations of the
Additional Revolving Credit Lenders to provide the Additional Revolving Credit Commitments shall be subject to the satisfaction or waiver of the following conditions precedent (the date on which such conditions precedent are so satisfied or waived,
the “Amendment No. 5 Effective Date”): 
 (a) the Agent shall have
received counterparts of this Agreement that, when taken together, bear the signatures of (i) the Borrower, Holdings and the Subsidiaries of the Borrower party to the Credit Agreement on the date hereof, (ii) the Agent, (iii) the 2018
New Term Lenders, (iv) the Consenting Revolving Credit Lenders, (v) the Additional Revolving Credit Lenders and (vi) Lenders constituting the Required Lenders (immediately prior to giving effect to the making of the 2018 New Term
Loans and the consummation of the Tranche E Refinancing and the Tranche F Refinancing); 
 (b) at the time
of and immediately after giving effect to the Additional Revolving Credit Commitments and the making of the 2018 New Term Loans and the application of the proceeds thereof, each of the conditions set forth in Section 4.01(b) and
Section 4.01(c) of the Credit Agreement shall be satisfied; provided that, for purposes of the condition set forth in Section 4.01(b), the words “Second Restatement Date” set forth in Section 3.13(a) of the Credit
Agreement shall be deemed to be “Amendment No. 5 Effective Date” in each place they appear therein, the words “Second Restatement Transactions” in Section 3.13(a) of the

 
 15
 
  

 
Credit Agreement shall be deemed to be “2018 Transactions” and the parenthetical in Section 3.13(a) of the Credit Agreement shall be disregarded; 

(c) the Agent shall have received a certificate dated as of the Amendment No. 5 Effective Date and
executed by a Financial Officer of the Borrower with respect to the conditions set forth in paragraph (b) above; 

(d) the Agent shall have received a notice of borrowing with respect to each of (i) the New Tranche E
Term Loans and (ii) the New Tranche F Term Loans in accordance with Section 2.03 and Section 2.26(a) of the Credit Agreement; 

(e) the Agent shall have received a solvency certificate in form and substance reasonably satisfactory to the
Agent to the effect that Holdings and its Subsidiaries, on a consolidated basis after giving effect to the 2018 Transactions, are solvent (within the meaning of Section 3.13 of the Credit Agreement, as modified in the same manner as set forth
in clause (b) above); 
 (f) the Agent shall have received legal opinions, board resolutions and other
closing certificates consistent with those delivered on the February 2018 Refinancing Facility Effective Date; 

(g) the Agent shall have received, at least three Business Days prior to the Amendment No. 5 Effective
Date, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act, that has been reasonably requested by
the Agent, any 2017 Refinancing Term Lender or any Additional Revolving Credit Lender at least five Business Days prior to the Amendment No. 5 Effective Date; and 

(h) the Agent shall have received payment of all fees and reimbursement of all expenses separately agreed in
writing by the Borrower and the arrangers of the 2018 New Term Loans or required by Section 9.03 of the Credit Agreement or by any other Loan Document to be reimbursed by the Borrower on the Amendment No. 5 Effective Date in connection
with this Agreement and the transactions contemplated hereby to the extent invoiced at least one Business Day prior to the Amendment No. 5 Effective Date. 

The Agent shall notify the Borrower and the Lenders of the Amendment No. 5 Effective Date, and such notice shall be
conclusive and binding. 
 SECTION 7. Fees. On the Amendment No. 5 Effective Date, the Borrower shall pay to the
Agent, (a) for the account of (i) each Tranche E Term Lender and Tranche F Term Lender under the Credit Agreement that (x) has agreed to exchange 100% of its Tranche E Term Loans or Tranche F Term Loans, as the case may be, for New
Tranche E Term Loans or New Tranche F Term Loans, respectively, under the Amended Credit Agreement and (y) executes and irrevocably delivers a signature page to this Agreement 

 
 16
 
  

 
to the Agent (or its counsel) at or prior to 5:00 p.m., New York City time, on May 8, 2018 (the “Consent Time”), a fee in an amount equal to 0.10% of the aggregate principal
amount of Tranche E Term Loans or Tranche F Term Loans, as applicable, of such Lender immediately prior to the Amendment No. 5 Effective Date, (ii) each Tranche G Term Lender that executes and irrevocably delivers a signature page to this
Agreement to the Agent (or its counsel) at or prior to the Consent Time, a fee in an amount equal to 0.10% of the aggregate amount of such Lender’s Tranche G Term Loans immediately prior to the Amendment No. 5 Effective Date and
(iii) each Consenting Revolving Credit Lender that executes and irrevocably delivers a signature page to this Agreement to the Agent (or its counsel) at or prior to 5:00 p.m., New York City time, on May 15, 2018, a fee in an amount equal
to 0.10% of the aggregate amount of such Lender’s Revolving Credit Commitments immediately prior to the Amendment No. 5 Effective Date (the fees payable under this clause (a), collectively, the “Amendment Fees”), (b) for
the account of each Tranche E Incremental Term Lender, a fee (the “Tranche E Incremental Upfront Fees”) in an amount equal to 0.50% of the aggregate principal amount of the Tranche E Incremental Term Loans of such Lender on the
Amendment No. 5 Effective Date (which fee may be payable in the form of original issue discount, at the option of the Agent) and (c) for the account of each Additional Revolving Credit Lender, a fee (the “Additional Revolving
Credit Commitment Upfront Fees”) in an amount equal to 0.50% of the aggregate amount of the Additional Revolving Credit Commitments of such Lender on the Amendment No. 5 Effective Date. The Tranche E Incremental Upfront Fees, the
Additional Revolving Credit Commitment Upfront Fees and the Amendment Fees shall be payable on the Amendment No. 5 Effective Date in immediately available funds and, once paid, shall not be refundable under any circumstances. 

SECTION 8. Representations and Warranties. To induce the other parties hereto to enter into this Agreement, Holdings
and the Borrower represent and warrant to each of the Lenders (including the 2018 New Term Lenders and the Additional Revolving Credit Lenders) and the Agent that (a) this Agreement has been duly authorized, executed and delivered by Holdings,
the Borrower and the Subsidiaries of the Borrower party hereto, and this Agreement constitutes a legal, valid and binding obligation of Holdings, the Borrower and the Subsidiaries of the Borrower party hereto, subject to applicable bankruptcy,
insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally and to general principles of equity; (b) after giving effect to this Agreement, the representations and warranties
set forth in Article III of the Credit Agreement and in each other Loan Document are true and correct in all material respects on and as of the Amendment No. 5 Effective Date, except to the extent such representations and warranties
expressly relate to an earlier date, in which case they were true and correct in all material respects on and as of such earlier date; provided that, (i) in each case, such materiality qualifier shall not be applicable to any
representation and warranty that already is qualified or modified by materiality in the text thereof and (ii) for purposes of the representation in Section 3.13(a) of the Credit Agreement, the words “Second Restatement Date” in
each place set forth therein shall be deemed to be “Amendment No. 5 Effective Date”, the words “Second Restatement Transactions” shall be deemed to be “2018 Transactions” and the parenthetical in
Section 3.13(a) of the Credit Agreement shall be disregarded; and (c) as of the Amendment No. 5 Effective Date, after giving effect to this Agreement, no Default or Event of Default has

 
 17
 
  

 
occurred and is continuing or would reasonably be expected to result from the establishment of the Additional Revolving Credit Commitments or the borrowing of the 2018 New Term Loans and the use
of the proceeds thereof. 
 SECTION 9. Certain Post-Effectiveness Collateral Obligations. The Borrower shall deliver
to the Agent each of the documents, and take each of the actions, specified in Schedule II hereto. 
 SECTION 10. Effect
of Agreement. Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders or the Agent under the Credit Agreement or
any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed
in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or
agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Agreement shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein.
After the Amendment No. 5 Effective Date, any reference to the Credit Agreement in any Loan Document, and the terms “this Agreement”, “herein”, “hereunder”, “hereto”, “hereof” and words of
similar import in the Credit Agreement, shall, unless the context otherwise requires, mean the Credit Agreement as modified hereby. This Agreement shall constitute a “Loan Document”, a “Refinancing Facility Agreement”, an
“Incremental Term Loan Assumption Agreement” and an “Incremental Revolving Credit Assumption Agreement”, in each case for all purposes of the Amended Credit Agreement and the other Loan Documents. 

SECTION 11. Acknowledgement and Consent. Each Loan Party hereby acknowledges that it has read this Agreement and
consents to the terms hereof and further hereby affirms, confirms and agrees that (a) notwithstanding the effectiveness of this Agreement, the obligations of such Loan Party under each of the Loan Documents to which it is a party shall not be
impaired and each of the Loan Documents to which such Loan Party is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects, in each case, as amended hereby; (b) its Guarantee of the
Obligations, and the pledge of and/or grant of a security interest in its assets as Collateral to secure the Obligations, all as and to the extent provided in the Collateral Documents as originally executed, shall continue in full force and effect
in respect of, and to secure, the Obligations (including the 2018 New Term Loans and the Additional Revolving Credit Commitments and the loans and other extensions of credit thereunder); and (c) all the representations and warranties made by or
relating to it contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects on and as of the Amendment No. 5 Effective Date, except to the extent such representations and warranties expressly
relate to an earlier date, in which case they shall be true and correct in all material respects on and as of such earlier date; provided that, in 

 
 18
 
  

 
each case, such materiality qualifier shall not be applicable to any representation and warranty that already is qualified or modified by materiality in the text thereof. 

SECTION 12. Joint Lead Arrangers and Bookrunners. The joint lead arrangers and bookrunners listed on the cover page
hereof shall not have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. 

SECTION 13. Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic method of
transmission shall be effective as delivery of a manually signed counterpart of this Agreement. 
 SECTION 14. Governing
Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. The provisions of Sections 9.09 and 9.10 of the Credit Agreement shall apply to this Agreement to the same extent as if
fully set forth herein. 
 SECTION 15. Headings. Section headings used herein are for convenience of reference only,
are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

[Remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their
duly authorized officers, all as of the date first above written. 
  

			
		 	TRANSDIGM INC.
		 	ACME AEROSPACE, INC.
		 	ADAMS RITE AEROSPACE, INC.
		 	AEROCONTROLEX GROUP, INC.
		 	AEROSONIC LLC
		 	AIRBORNE ACQUISITION, INC.
		 	AIRBORNE GLOBAL, INC.
		 	AIRBORNE HOLDINGS, INC.
		 	AIRBORNE SYSTEMS NA INC.
		 	AIRBORNE SYSTEMS NORTH AMERICA INC.
		 	AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.
		 	AMSAFE GLOBAL HOLDINGS, INC.
		 	AMSAFE, INC.
		 	ARKWIN INDUSTRIES, INC.
		 	AVIATION TECHNOLOGIES, INC.
		 	AVIONIC INSTRUMENTS LLC
		 	AVIONICS SPECIALTIES, INC.
		 	 AVTECHTYEE, INC.
 BETA TRANSFORMER
TECHNOLOGY CORPORATION
 BETA TRANSFORMER TECHNOLOGY LLC

		 	BREEZE EASTERN LLC
		 	BRIDPORT HOLDINGS, INC.
		 	BRIDPORT-AIR CARRIER, INC.
		 	BRUCE AEROSPACE INC.
		 	CDA INTERCORP LLC
		 	CEF INDUSTRIES, LLC
		 	 CHAMPION AEROSPACE LLC
 DATA DEVICE
CORPORATION

		 	DUKES AEROSPACE, INC.
		 	ELECTROMECH TECHNOLOGIES LLC
		 	 EXTANT COMPONENTS GROUP
 HOLDINGS,
INC.
 EXTANT COMPONENTS GROUP
 INTERMEDIATE,
INC.

		 	HARCO LLC
		 	 HARTWELL CORPORATION
 ILC HOLDINGS,
INC.

		 	MARATHONNORCO AEROSPACE, INC.
		 	MCKECHNIE AEROSPACE DE, INC.
		 	MCKECHNIE AEROSPACE HOLDINGS, INC.
		 	MCKECHNIE AEROSPACE US LLC
		 	PEXCO AEROSPACE, INC.
		 	JOHNSON LIVERPOOL LLC
		 	INTERIORS IN FLIGHT LLC

  
 [Signature page to
Amendment No. 5] 

			
		  	NORTH HILLS SIGNAL PROCESSING CORP.
		  	NORTH HILLS SIGNAL PROCESSING OVERSEAS
CORP.
		  	KIRKHILL INC.
		  	PNEUDRAULICS, INC.
		  	SCHNELLER LLC
		  	SEMCO INSTRUMENTS, INC.
		  	SHIELD RESTRAINT SYSTEMS, INC.
		  	SKURKA AEROSPACE INC.
		  	SYMETRICS INDUSTRIES, LLC
		  	SYMETRICS TECHNOLOGY GROUP, LLC
		  	TACTAIR FLUID CONTROLS, INC.
		  	TEAC AEROSPACE HOLDINGS, INC.
		  	TEAC AEROSPACE TECHNOLOGIES, INC.
		  	TELAIR INTERNATIONAL LLC
		  	TELAIR US LLC
		  	TEXAS ROTRONICS, INC.
		  	TRANSICOIL LLC
		  	WHIPPANY ACTUATION SYSTEMS, LLC
		  	YOUNG & FRANKLIN INC.
		
		  	By: /s/ Jonathan D. Crandall                             
               
		  	Name:    Jonathan D. Crandall
		  	Title:      Treasurer

  
 [Signature page to
Amendment No. 5] 

							
		 	TRANSDIGM GROUP INCORPORATED	  	
			
		 	By: /s/ James
L. Skulina                                       
           	  	
		 	Name:	  	James L. Skulina	  	
		 	Title:  	  	Executive Vice President and Interim Chief Financial Officer	  	
			
		 	AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.	  	
			
		 	By: /s/ Jonathan D. Crandall                           
                 	  	
		 	Name:	  	Jonathan D. Crandall	  	
		 	Title:  	  	Vice President and Treasurer	  	
			
		 	BRIDPORT ERIE AVIATION, INC.	  	
			
		 	By: /s/ Jonathan D. Crandall                           
                 	  	
		 	Name:	  	Jonathan D. Crandall	  	
		 	Title:  	  	Chairman of the Board and President	  	
			
		 	TRANSDIGM UK HOLDINGS, PLC	  	
			
		 	By: /s/ Jonathan D. Crandall                           
                 	  	
		 	Name:	  	Jonathan D. Crandall	  	
		 	Title:  	  	Director	  	

  
 [Signature page to
Amendment No. 5] 

							
		 	CREDIT SUISSE AG, CAYMAN	  	
		 	ISLANDS BRANCH, as Tranche E	  	
		 	Refinancing Term Lender, Tranche E	  	
		 	Incremental Term Lender, New Tranche F	  	
		 	Term Lender, a Consenting Revolving	  	
		 	Credit Lender and as Agent	  	
			
		 	By:
/s/ William O’Daly                                    
    	  	
		 	Name: William O’Daly	  	
		 	Title:   Authorized Signatory	  	
			
		 	By:
/s/ Komal Shah                                     
         	  	
		 	Name: Komal Shah	  	
		 	Title:   Authorized Signatory	  	

  
 [Signature page to
Amendment No. 5] 

									
		 	 CITIBANK, N.A., as Consenting Revolving Credit Lender
	  	
			
		 	 by
  
	 	 /s/ Justin Tichauer

		 		 	Name:	  	Justin Tichauer	  	
		 		 	Title:  	  	Managing Director	  	

  
 [Signature Page to
Amendment No. 5] 

							
		 	JPMorgan Chase Bank, N.A., as Consenting Revolving Credit Lender
			
		 	 by
  
	 	 /s/ Brendan Korb

		 		 	Name:	  	Brendan Korb
		 		 	Title:  	  	Vice President

  
 [Signature Page to
Amendment No. 5] 

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 
  

	  ☐	CONSENT TO AMENDMENT: 

 By checking this box, the undersigned Term Lender hereby consents
to the Agreement. 
 REVOLVING CREDIT LENDERS 
  

	  ☑	 CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 
	 

 By checking this box, the undersigned Revolving
Credit Lender hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving
Loans. 

 II. Signature: 

Name of Institution: Credit Agricole Corporate and Investment Bank 
  

					
	      by    	 	 /s/ Gordon
Yip                                         
     

		 	Name: Gordon Yip
		 	Title:   Director
	
	 For any institution requiring a second signature line:

		
	      by	 	 /s/ Mark
Koneval                                        
  

		 	Name: Mark Koneval
		 	Title:   Managing Director

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 

  ☐ CONSENT TO AMENDMENT: 

By checking this box, the undersigned Term Lender hereby consents to the Agreement. 

REVOLVING CREDIT LENDERS 
  

	  ☑	CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 	 

 By checking this box, the undersigned Revolving Credit Lender
hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving Loans. 

II. Signature: 
 Name of Institution:
BARCLAYS BANK PLC 
  

					
	      by    	 	/s/ Craig
Malloy                                        
  
		 	Name: Craig Malloy
		 	Title: Director
	
	 For any institution requiring a second signature line:

		
	      by	 	                                   
                                       
		 	Name:
		 	Title:	 	

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 
  

	  ☑	CONSENT TO AMENDMENT: 

 By checking this box, the undersigned Term Lender hereby consents
to the Agreement. 
 REVOLVING CREDIT LENDERS 
  

	  ☑	 CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 
	 

 By checking this box, the undersigned Revolving
Credit Lender hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving
Loans. 

 II. Signature: 

Name of Institution:             Citigroup Global Markets Inc. 

 

					
	      by    	 	/s/ Brian
Reed                                         
       
		 	Name: Brian Reed
		 	Title:   Managing Director
	
	 For any institution requiring a second signature line:

		
	      by	 	                                   
                                         
  
		 	Name:
		 	Title:	 	

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 
  

	  ☐	CONSENT TO AMENDMENT: 

 By checking this box, the undersigned Term Lender hereby consents
to the Agreement. 
 REVOLVING CREDIT LENDERS 
  

	  ☒	CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 	 

 By checking this box, the undersigned Revolving Credit Lender
hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving Loans. 

 

 II. Signature: 

Name of Institution: Fifth Third Bank 
  

					
	    by    	 	 /s/ Will Batchelor

		 	Name: Will Batchelor
		 	Title: Vice President
	
	 For any institution requiring a second signature line:

		
	    by	 	  

		 	Name:
		 	Title:

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 
  

	  ☐	CONSENT TO AMENDMENT: 

 By checking this box, the undersigned Term Lender hereby consents
to the Agreement. 
 REVOLVING CREDIT LENDERS 
  

	  ☒	 CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 
	 

 By checking this box, the undersigned Revolving
Credit Lender hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving
Loans. 
  

 II. Signature: 

Name of Institution: PNC Bank, NA 
  

					
	    by    	 	/s/ Keven
Larkin                                    
		 	Name: Keven Larkin
		 	Title: Vice President
	
	 For any institution requiring a second signature line:

		
	    by	 	                                   
                           
		 	Name:	 	
		 	Title:	 	

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 
  

	  ☐	CONSENT TO AMENDMENT: 

 By checking this box, the undersigned Term Lender hereby consents
to the Agreement. 
 REVOLVING CREDIT LENDERS 
  

	  ☒	CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 	 

 By checking this box, the undersigned Revolving
Credit Lender hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving
Loans. 

 II. Signature: 

Name of Institution: GOLDMAN SACHS BANK USA 
  

					
	    by    	 	/s/ Ryan Durkin                               
             
		 	Name: Ryan Durkin
		 	Title: Authorized Signatory
	
	 For any institution requiring a second signature line:

		
	    by	 	                                   
                                   
		 	Name:	 	
		 	Title:	 	

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 
  

	  ☐	CONSENT TO AMENDMENT: 

 By checking this box, the undersigned Term Lender hereby consents
to the Agreement. 
 REVOLVING CREDIT LENDERS 
  

	  ☑	 CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 
	 

 By checking this box, the undersigned Revolving
Credit Lender hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving
Loans. 

 II. Signature: 

Name of Institution:     HSBC Bank USA,
N.A.                                         
                
  

					
	    by    	 	/s/ Andrew M. Horn                              
                
		 	Name: Andrew M. Horn
		 	Title:   Director
	
	 For any institution requiring a second signature line:

		
	    by	 	                                   
                                     
		 	Name:	 	
		 	Title:	 	

  
 INTERNAL 

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 
  

	  ☐	CONSENT TO AMENDMENT: 

 By checking this box, the undersigned Term Lender hereby consents
to the Agreement. 
 REVOLVING CREDIT LENDERS 
  

	  ☒	 CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 
	 

 By checking this box, the undersigned Revolving
Credit Lender hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving
Loans. 

 II. Signature: 

Name of Institution:     JP Morgan Chase Bank,
N.A.                                       
                                         
                         
  

					
	      by    	 	 /s/ Brendan Korb

		 	Name: Brendan Korb
		 	Title:   Vice President

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 
  

	  ☐	CONSENT TO AMENDMENT: 

 By checking this box, the undersigned Term Lender hereby consents
to the Agreement. 
 REVOLVING CREDIT LENDERS 
  

	  ☑	 CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 
	 

 By checking this box, the undersigned Revolving
Credit Lender hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving
Loans. 

 II. Signature: 

Name of Institution: ROYAL BANK OF CANADA 
  

					
	      by    	 	 /s/ Richard Smith

		 	Name: Richard Smith
		 	Title: Authorized Signatory

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 
  

	  ☐	CONSENT TO AMENDMENT: 

 By checking this box, the undersigned Term Lender hereby consents
to the Agreement. 
 REVOLVING CREDIT LENDERS 
  

	  ☑	 CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 
	 

 By checking this box, the undersigned Revolving
Credit Lender hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving
Loans. 

 II. Signature: 

Name of Institution: CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH 
  

					
	      by    	 	 /s/ John Toronto

		 	Name: John Toronto
		 	Title: Authorized Signatory
		
	      by	 	 /s/ Warren Van Heyst

		 	Name: Warren Van Heyst
		 	Title: Authorized Signatory

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 
  

	  ☐	CONSENT TO AMENDMENT: 

 By checking this box, the undersigned Term Lender hereby consents
to the Agreement. 
 REVOLVING CREDIT LENDERS 
  

	  ☒	 CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 
	 

 By checking this box, the undersigned Revolving
Credit Lender hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving
Loans. 

 II. Signature: 

Name of Institution: MORGAN STANLEY BANK, N.A. 
  

					
	      by    	 	/s/ Michael
King                                         
  
		 	Name: Michael King
		 	Title: Authorized Signatory
	
	 For any institution requiring a second signature line:

		
	      by	 	                                   
                                         

		 	Name:
		 	Title:	 	

 SIGNATURE PAGE TO AMENDMENT NO. 5, INCREMENTAL ASSUMPTION AGREEMENT AND
REFINANCING FACILITY AGREEMENT DATED AS OF THE DATE FIRST WRITTEN ABOVE, RELATING TO THE TRANSDIGM INC. SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
  

 I. Election: 

 

TERM LENDERS 
  

	  ☐	CONSENT TO AMENDMENT: 

 By checking this box, the undersigned Term Lender hereby consents
to the Agreement. 
 REVOLVING CREDIT LENDERS 
  

	  ☒	 CONSENT TO AMENDMENT AND TO EXTENSION OF REVOLVING CREDIT COMMITMENTS AND REVOLVING LOANS: 
	 

 By checking this box, the undersigned Revolving
Credit Lender hereby consents to the Agreement and, on the terms and subject to the conditions set forth in the Agreement, to the extension of the final maturity date with respect to all of its Revolving Credit Commitments and Revolving
Loans. 

 II. Signature: 

Name of Institution: MORGAN STANLEY SENIOR FUNDING, INC. 
  

					
	      by    	 	/s/ Michael King                               
       
		 	Name: Michael King
		 	Title: Vice President
	
	 For any institution requiring a second signature line:

		
	      by	 	                                   
                                 
		 	Name:
		 	Title:	 	

 [LENDER SIGNATURE PAGE PROVIDED SEPARATELY] 

[Signature Page to Amendment No. 5, Incremental Assumption Agreement and Refinancing Facility Agreement] 

 SCHEDULE I 
  

2018 New Term Loans 
  

							
	
Lender
	 	 Tranche E Refinancing

Term Loan

Commitment
  
	 	 Tranche E

Incremental

Term Loan

Commitment
	 	
New Tranche F

Term Loan

Commitment

 

	
Credit Suisse AG, Cayman Islands Branch
	 	 $1,322,016,369.26

 
	 	 $933,007,785.32

 
	 	
$3,577,740,539.00
  

	
TOTAL
	 	$1,322,016,369.26	 	$933,007,785.32	 	$3,577,740,539.00

 Additional Revolving Credit Commitments 

 

					
	
Lender
	 	 Additional Dollar

Revolving Credit

Commitment
  
	 	
Additional

Multicurrency

Revolving Credit

Commitment

	
Citibank, N.A.
	 	 $15,425,660.00

 
	 	
$4,574,340.00
  

	
JPMorgan Chase Bank, N.A.
	 	 $23,138,490.00

 
	 	 $6,861,510.00

 

	
TOTAL
	 	$38,564,150.00	 	$11,435,850.00

 SCHEDULE II 
  

Post Amendment No. 5 Effective Date Obligations 

Within 90 days after the Amendment No. 5 Effective Date (or such later date that the Agent in its reasonable discretion may permit), with
respect to the below described Mortgaged Properties, the Agent shall have received (i) an amendment to the applicable Existing Mortgage in form and substance reasonably satisfactory to the Agent, (ii) evidence that a counterpart of such
amendment to the Existing Mortgage has been recorded (or delivered to the appropriate Title Insurance Company subject to arrangements reasonably satisfactory to the Agent for recording promptly thereafter in the place necessary to create a valid and
enforceable first priority Lien in favor of the Agent for the benefit of itself and the Secured Parties), (iii) a “date-down” and modification endorsement to the existing Title Insurance Policy (or a new Title Insurance Policy if such
endorsements are not available in a jurisdiction where an Existing Mortgage has been recorded), which shall amend the description therein of the insured Existing Mortgage to include the amendment of the Existing Mortgage, and otherwise be in form
and substance reasonably satisfactory to the Agent, (iv) a favorable opinion of counsel in the state in which such parcels of real property are located with respect to the enforceability of said amendment of the Existing Mortgage and such other
opinions as Agent shall reasonably request, all in form and substance and from counsel reasonably satisfactory to the Agent and (v) such other information, documentation, and certifications (including evidence of flood insurance as may be
required by applicable law) as may be reasonably required by the Agent, in each case with respect to the following Mortgaged Properties: 
  

	 	a.	 320 S. Church Street, Addison, IL 60101-3750 

	 	b.	 1230 Old Norris Road, Liberty, SC 29657 

	 	c.	 6019 Powdermill Road, Franklin Twp., Kent, OH 44240-7109 

	 	d.	 8575 Helms Avenue, Rancho Cucamonga, CA 91730 

	 	e.	 2405 S. 3rd Ave., Union Gap, WA 98903 

	 	f.	 40 Orville Drive and 105 Wilbur Place, Bohemia, NY 11716 

	 	g.	 300 East Cypress Street, Brea, CA 92821 

For the avoidance of doubt, delivery of the foregoing information, documentation and certifications shall satisfy any comparable obligations
under any prior Loan Document to the extent such information, documentation and certifications also relate to the Obligations with respect to which such comparable obligations are owed. 

 Exhibit A 

Revolving Credit Commitments 
  

																	
	Lender	  	
Non-Extended
Dollar
Revolving
Credit
Commitment

 
	 	  	
Non-Extended
Multicurrency
Revolving
Credit
Commitment

 
	 	  	
Extended
Dollar
Revolving
Credit
Commitment
  
	 	 	
Extended
Multicurrency
Revolving
Credit
Commitment
  
	 
	Credit Suisse AG, Cayman Islands Branch	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
	 $53,104,220.00 
	   
	 	   
	 $16,395,780.00 
	   

	Barclays Bank PLC	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
	 $48,564,150.00 
	   
	 	   
	 $11,435,850.00 
	   

	Morgan Stanley Bank, N.A.	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
	 $22,376,100.00 
	   
	 	   
	 $7,623,900.00 
	   

	Morgan Stanley Senior Funding Inc.	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
	 $26,188,050.00 
	   
	 	   
	 $3,811,950.00 
	   

	Royal Bank of Canada	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
	 $48,564,150.00 
	   
	 	   
	 $11,435,850.00 
	   

	Crédit Agricole Corporate and Investment Bank	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
	 $52,376,100.00 
	   
	 	   
	 $7,623,900.00 
	   

	HSBC Bank USA, National Association	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
	 $44,834,800.00 
	   
	 	   
	 $10,165,200.00 
	   

	Goldman Sachs Bank USA	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
	 $60,000,000.00 
	   
	 	 	-	 
	Citibank, N.A.	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
	 $46,535,660.00 
	   
	 	   
	 $13,464,340.00 
	   

	PNC Bank, N.A.	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
  
	 $26,374,023.00 

 
	   

 
	 	   
  
	 $6,353,250.00 

 
	   

 

	Fifth Third Bank	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
	 $22,919,100.70 
	   
	 	   
	 $2,105,880.41 
	   

	JPMorgan Chase Bank, N.A.	  	   
	 - 
	   
	  	   
	 - 
	   
	  	   
	 $48,780,355.49 
	   
	 	   
	 $8,967,390.41 
	   

	
Total
  
	  	   
	$0.00  
	   
	  	   
	$0.00  
	   
	  	   
	$500,616,709.19  
	   
	 	   
	$99,383,290.82dg_Ex101

		

			Exhibit 10.1

		

		
			 
		

		
			EMPLOYMENT AGREEMENT
		

		
			THIS EMPLOYMENT AGREEMENT (“Agreement”), effective [April 1, 2018] (“Effective Date”), is made and entered into by and between DOLLAR GENERAL CORPORATION (the “Company”), and [Name of Executive Officer] (“Employee”).
		

		
			W I T N E S S E T H:
		

		
			WHEREAS, Company desires to employ or cause any wholly-owned subsidiary of the Company to employ Employee upon the terms and subject to the conditions hereinafter set forth, and Employee desires to accept such employment;
		

		
			NOW, THEREFORE, for and in consideration of the premises, the mutual promises, covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
		

			
	
			
				 1.
			Employment.  Subject to the terms and conditions of this Agreement, the Company agrees to employ or to cause any wholly-owned subsidiary of the Company to employ (any such wholly-owned subsidiary caused by the Company to employ Employee being hereinafter referred to as the “Subsidiary”) Employee as [Title] of the Company or the Subsidiary, as the case may be.

			
	
			
				 2.
			Term.  The term of this Agreement shall end March 31, 2021 (“Term”), unless otherwise terminated pursuant to Sections 8, 9, 10, 11 or 12 hereof. The Term shall be automatically extended from month to month, for up to six (6) months, unless the Company gives written notice to Employee at least one month prior to the expiration of the original or any extended Term that no extension or further extension, as applicable, will occur or unless the Company replaces this Agreement with a new agreement or, in writing, extends or renews the Term of this Agreement for a period that is longer than six (6) months from the expiration of the original Term. Unless otherwise noted, all references to the “Term” shall be deemed to refer to the original Term and any extension or renewal thereof.

			
	
			
				 3.
			Position, Duties and Administrative Support.

			
	
			
				 a.
			Position.  Employee shall perform the duties of the position noted in Section 1 above and shall perform such other duties and responsibilities as Employee’s supervisor or the Company’s CEO may reasonably direct.

		
			

		 

		

			 

		

 

		

			
	
			
				 b.
			Full-Time Efforts.  Employee shall perform and discharge faithfully and diligently such duties and responsibilities and shall devote Employee’s full-time efforts to the business and affairs of Company and, if applicable, the Subsidiary.  Employee agrees to promote the best interests of the Company and, if applicable, the Subsidiary and to take no action that is likely to damage the public image or reputation of the Company, its subsidiaries or its affiliates.

			
	
			
				 c.
			Administrative Support.  Employee shall be provided with office space and administrative support.

			
	
			
				 d.
			No Interference with Duties.  Employee shall not devote time to other activities which would inhibit or otherwise interfere with the proper performance of Employee’s duties and shall not be directly or indirectly concerned or interested in any other business occupation, activity or interest without the express approval of the CEO other than by reason of holding a non-controlling interest as a shareholder, securities holder or debenture holder in a corporation quoted on a nationally recognized exchange (subject to any limitations in the Company’s Code of Business Conduct and Ethics).  Employee may not serve as a member of a board of directors of a for-profit company, other than the Company or any of its subsidiaries or affiliates, without the express approval of the CEO and, if required pursuant to Company policy, the Board of Directors of the Company (“Board”) (or an authorized Board committee). 

			
	
			
				 4.
			Work Standard.  Employee agrees to comply with all terms and conditions set forth in this Agreement, as well as all applicable Company and, if applicable, Subsidiary work policies, procedures and rules.  Employee also agrees to comply with all federal, state and local statutes, regulations and public ordinances governing Employee’s performance hereunder.

			
	
			
				 5.
			Compensation.

			
	
			
				 a.
			Base Salary.  Subject to the terms and conditions set forth in this Agreement, the Company shall pay or shall cause the Subsidiary to pay to Employee, and Employee shall accept, an annual base salary (“Base Salary”) of no less than [xxx,xxx Dollars].  The Base Salary shall be paid in accordance with the Company’s or the Subsidiary’s, as applicable, normal payroll practices (but no less frequently than monthly) and may be increased from time to time at the sole discretion of the Company.

			
	
			
				 b.
			Incentive Bonus.  Employee’s incentive compensation for the Term of this Agreement shall be determined under the Company’s annual bonus program for officers at 

		
			

		 

		

			2

		

		

			 

		

 

		

		
			Employee’s grade level, as it may be amended from time to time.  The actual bonus paid by the Company or caused by the Company to be paid by the Subsidiary, as applicable, pursuant to this Section 5(b), if any, shall be based on criteria established by the Board, its Compensation Committee and/or the CEO, as applicable, in accordance with the terms and conditions of the annual bonus program for officers. Any bonus payments due hereunder shall be payable to Employee no later than two and one-half (2 1/2) months after the end of the Company’s taxable year or the calendar year, whichever is later, in which Employee is first vested in such bonus payments for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”).
		

			
	
			
				 c.
			Vacation.  Employee shall be entitled to four weeks paid vacation time within the first year of employment. Vacation time is granted on the anniversary of Employee’s hire date each year. Any available but unused vacation as of the annual anniversary of employment date or at Employee’s termination date shall be forfeited.

			
	
			
				 d.
			Business Expenses.  Employee shall be reimbursed for all reasonable business expenses incurred in carrying out the work hereunder.  Employee shall adhere to the Company’s or the Subsidiary’s, as applicable, expense reimbursement policies and procedures. In no event will any such reimbursement be made later than the last day of Employee’s taxable year following Employee’s taxable year in which Employee incurs the reimbursable expense.

			
	
			
				 e.
			Perquisites.  Employee shall be entitled to receive, and if applicable the Company shall cause the Subsidiary to provide, such other executive perquisites, fringe and other benefits as are provided to officers at the same grade level under any of the Company’s plans and/or programs in effect from time to time.

			
	
			
				 6.
			Cooperation.  Employee agrees to cooperate with the Company and, if applicable, the Subsidiary in the investigation, review, audit, or assessment, whether internal or external, of any matters involving the Company or, if applicable, the Subsidiary  as well as the defense or prosecution of any claims or other causes of action made against or on behalf of the Company or, if applicable, the Subsidiary, including any claims or actions against its affiliates, officers, directors and employees. Employee’s cooperation in connection with such matters includes, without limitation, being available (upon reasonable notice and without unreasonably interfering with his/her other professional obligations) to meet with the Company and, if applicable, the Subsidiary and its legal or 

		
			

		 

		

			3

		

		

			 

		

 

		

		
			other designated advisors regarding any matters in which Employee has been involved; to prepare for any proceeding (including, without limitation, depositions, consultation, discovery or trial); to provide truthful affidavits; to assist with any audit, inspection, proceeding or other inquiry; and to act as a witness to provide truthful testimony in connection with any legal proceeding affecting the Company or, if applicable, the Subsidiary. Employee further agrees that if Employee is contacted by any person or entity regarding matters Employee knows or reasonably should know to be adverse to the Company or, if applicable, the Subsidiary, Employee shall promptly (within forty-eight (48) hours) notify the Company in writing by sending such notification to the General Counsel, Dollar General Corporation, 100 Mission Ridge, Goodlettsville, Tennessee 37072; facsimile (615) 855-5517. The Company agrees to reimburse or cause the Subsidiary to reimburse, as applicable, Employee for any reasonable documented expenses incurred in providing such cooperation.
		

			
	
			
				 7.
			Benefits.  During the Term, Employee (and, where applicable, Employee’s eligible dependents) shall be eligible to participate in those various Company welfare benefit plans, practices and policies in place during the Term (including, without limitation, medical, pharmacy, dental, vision, disability, employee life, accidental death and travel accident insurance plans and other programs, if any) to the extent allowed under and in accordance with the terms of those plans.  In addition, Employee shall be eligible to participate, pursuant to their terms, in any other benefit plans offered by the Company to similarly-situated officers or other employees from time to time during the Term (excluding plans applicable solely to certain officers of the Company in accordance with the express terms of such plans).  Collectively the plans and arrangements described in this Section 7, as they may be amended or modified in accordance with their terms, are hereinafter referred to as the “Benefits Plans.”  Notwithstanding the above, Employee understands and acknowledges that Employee is not eligible for benefits under any other severance plan, program, or policy maintained by the Company, if any exists, and that the only severance benefits Employee is entitled to are set forth in this Agreement.     

			
	
			
				 8.
			Termination for Cause.  This Agreement is not intended to change the at-will nature of Employee’s employment with the Company or the Subsidiary, as applicable, and it may be terminated at any time by either party, with or without cause. If this Agreement and Employee’s employment are terminated by the Company or the Subsidiary, as applicable, for “Cause” (Termination for Cause) as that term is defined below, it will be without any liability owing to Employee or Employee’s dependents and beneficiaries under this Agreement (recognizing, however, that benefits covered by or owed under any other plan or agreement covering Employee shall be governed by the 

		 

		

			4

		

		

			 

		

 

	terms of such plan or agreement).  Any one of the following conditions or Employee conduct shall constitute “Cause”:

			
	
			
				 a.
			Any act involving fraud or dishonesty, or any material act of misconduct relating to Employee’s performance of his or her duties;

			
	
			
				 b.
			Any material breach of any SEC or other law or regulation or any Company policy governing trading or dealing with stocks, securities, public debt instruments, bonds, or investments and the like or with inappropriate disclosure or “tipping” relating to any stock, security, public debt instrument, bond or investment;

			
	
			
				 c.
			Any material violation of the Company’s Code of Business Conduct and Ethics (or the equivalent code in place at the time);

			
	
			
				 d.
			Other than as required by law, the carrying out of any activity or the making of any public statement which prejudices or reduces the good name and standing of Company or any of its subsidiaries or affiliates or would bring any one of these into public contempt or ridicule;

			
	
			
				 e.
			Attendance at work in a state of intoxication or being found with any drug or substance, possession of which would amount to a criminal offense;

			
	
			
				 f.
			Assault or other act of violence; 

			
	
			
				 g.
			Conviction of or plea of guilty or nolo contendre to any felony whatsoever or any misdemeanor that would preclude employment by the Company or the Subsidiary, as applicable, under the Company’s or, if applicable, Subsidiary’s hiring policy; or

			
	
			
				 h.
			Willful or repeated refusal or failure substantially to perform Employee’s material obligations and duties hereunder or those reasonably directed by Employee’s supervisor, the CEO and/or the Board (except in connection with a Disability).

		
			A termination for Cause shall be effective when the Company or, if applicable, the Subsidiary has given Employee written notice of its or of the Subsidiary’s intention to terminate for Cause, describing those acts or omissions that are believed to constitute Cause, and has given Employee ten (10) days to respond.
		

			
	
			
				 9.
			Termination upon Death.  Notwithstanding anything herein to the contrary, this Agreement shall terminate immediately upon Employee’s death, and the Company shall have no further liability to Employee or Employee’s dependents and beneficiaries under this Agreement, except 

		 

		

			5

		

		

			 

		

 

	for those benefits owed under any other plan or agreement covering Employee which shall be governed by the terms of such plan or agreement.

			
	
			
				 10.
			Disability.  If a Disability (as defined below) of Employee occurs during the Term, unless otherwise prohibited by law, the Company or the Subsidiary, as applicable, may notify Employee of the Company’s or the Subsidiary’s intention to terminate Employee’s employment.  In that event, employment shall terminate effective on the termination date provided in such notice of termination (the “Disability Effective Date”), and this Agreement shall terminate without further liability to Employee, Employee’s dependents and beneficiaries, except for those benefits owed under any other plan or agreement covering Employee which shall be governed by the terms of such plan or agreement.  In this Agreement, “Disability” means:

			
	
			
				 a.
			A long-term disability, as defined in the Company’s applicable long-term disability plan as then in effect, if any; or

			
	
			
				 b.
			Employee’s inability to perform the duties under this Agreement in accordance with the Company’s or the Subsidiary’s, as applicable, expectations because of a medically determinable physical or mental impairment that (i) can reasonably be expected to result in death or (ii) has lasted or can reasonably be expected to last longer than ninety (90) consecutive days.  Under this Section 10(b), unless otherwise required by law, the existence of a Disability shall be determined by the Company or the Subsidiary, as applicable, only upon receipt of a written medical opinion from a qualified physician selected by or acceptable to the Company or the Subsidiary, as applicable.  In this circumstance, to the extent permitted by law, Employee shall, if reasonably requested by the Company or the Subsidiary, as applicable, submit to a physical examination by that qualified physician. Nothing in this Section 10(b) is intended to nor shall it be deemed to broaden or modify the definition of “disability” in the Company’s long-term disability plan.  

			
	
			
				 11.
			Employee’s Termination of Employment.

			
	
			
				 a.
			Notwithstanding anything herein to the contrary, Employee may terminate employment and this Agreement at any time, for no reason, with thirty (30) days written notice to the Company and, if applicable, the Subsidiary (and in the event that Employee is providing notice of termination for Good Reason, Employee must provide such notice within thirty (30) days after the event purported to give rise to Employee’s claim for Good Reason first occurs).  In such event, Employee shall not be entitled to those payments and benefits listed in Section 

		 

		

			6

		

		

			 

		

 

	12 below unless Employee terminates employment for Good Reason, as defined below, or unless Section 12(a)(iii) applies.

			
	
			
				 b.
			Upon any termination of employment, Employee shall be entitled to any earned but unpaid Base Salary through the date of termination and such other vested benefits under any other plan or agreement covering Employee which shall be governed by the terms of such plan or agreement. Notwithstanding anything to the contrary herein, such unpaid Base Salary shall be paid to Employee as soon as practicable after the effective date of termination in accordance with the Company’s or the Subsidiary’s, as applicable, usual payroll practices (not less frequently than monthly); provided, however, that if payment at such time would result in a prohibited acceleration under Section 409A of the Internal Revenue Code, then such amount shall be paid at the time the amount would otherwise have been paid absent such prohibited acceleration.

			
	
			
				 c.
			Good Reason shall mean any of the following actions:

			
	
			
				 (i)
			A reduction by the Company or the Subsidiary, as applicable, in Employee’s Base Salary or target bonus level (i.e., percentage of Base Salary for which a bonus may be earned under the Company’s annual bonus program);

			
	
			
				 (ii)
			The Company or the Subsidiary, as applicable, shall fail to continue offering or providing Employee any significant Company-sponsored compensation plan or benefit (without replacing it with a similar plan or with a compensation equivalent), unless (A) such failure is in connection with across-the-board plan changes or terminations similarly affecting at least ninety-five percent (95%) of all officers of the Company or one hundred percent (100%) of officers at the same grade level; or (B) such failure occurs after having received notice of Employee’s voluntary resignation or retirement; 

			
	
			
				 (iii)
			The Company’s or the Subsidiary’s, as applicable, principal executive offices shall be moved to a location outside the middle-Tennessee area, or Employee is required (absent mutual agreement) to be based anywhere other than the Company’s  or the Subsidiary’s, as applicable, principal executive offices;

			
	
			
				 (iv)
			Without Employee’s written consent, the assignment to Employee by the Company or the Subsidiary, as applicable, of duties inconsistent with, or the significant reduction of the title, powers and functions associated with, Employee’s position, title or office as described in Section 3 above, unless such action is the result of a 

		 

		

			7

		

		

			 

		

 

	restructuring or realignment of duties and responsibilities by the Company or the Subsidiary for business reasons that leaves Employee at the same rate of Base Salary, annual target bonus opportunity, and officer level (i.e., Senior Vice President, etc.) and with a similar level of responsibility, or unless such action is the result of Employee’s failure to meet pre-established and objective performance criteria;

			
	
			
				 (v)
			Any material breach by the Company of this Agreement; or

			
	
			
				 (vi)
			The failure of any successor (whether direct or indirect, by purchase, merger, assignment, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place.

		
			Good Reason shall not include Employee’s death, Disability or Termination for Cause or Employee’s termination for any reason other than Good Reason as defined above.
		

			
	
			
				 d.
			Prior to Employee being entitled to the payments or benefits described in Section 12 below, the Company shall have the opportunity to cure or to cause the Subsidiary, if applicable, to cure any claimed event of Good Reason within thirty (30) days after receiving written notice from Employee specifying the same. 

			
	
			
				 12.
			Termination without Cause or by Employee for Good Reason. 

			
	
			
				 a.
			The continuation of Base Salary and other payments and benefits described in Section 12(b) shall be triggered only upon one or more of the following circumstances:

			
	
			
				 (i)
			The Company or the Subsidiary, as applicable, terminates Employee (as it may do at any time) without Cause; it being understood that termination by death or Disability does not constitute termination without Cause;

			
	
			
				 (ii)
			Employee terminates for Good Reason;

			
	
			
				 (iii)
			The Company fails to offer to renew, extend or replace this Agreement before, at, or within six (6) months after, the end of its original three (3)-year Term (or any term provided for in a written renewal or extension of the original Term), and Employee resigns from employment with the Company or the Subsidiary, as applicable, within sixty (60) days after such failure, unless such failure is accompanied by a mutually agreeable severance arrangement between the Company or the Subsidiary, as applicable, and Employee or is the result of Employee’s retirement or 

		 

		

			8

		

		

			 

		

 

	other termination from the Company or the Subsidiary, as applicable, other than for Good Reason notwithstanding the Company’s offer to renew, extend or replace this Agreement.  

			
	
			
				 b.
			In the event of one of the triggers referenced in Sections 12(a)(i) through (iii) above, then, on the sixtieth (60th) day after Employee’s termination of employment, but subject to the six (6)-month delay (called the “409A Deferral Period”) provided in Section 24(o)(iii) below, if applicable, and contingent upon the execution and effectiveness of the Release attached hereto and made a part hereof, Employee shall be entitled to the following: 

			
	
			
				 (i)
			Continuation of Employee’s Base Salary as of the date immediately preceding the termination (or, if the termination of employment is for Good Reason due to the reduction of Employee’s Base Salary, then such rate of Base Salary as in effect immediately prior to such reduction) for eighteen (18) months, payable in accordance with the Company’s or the Subsidiary’s, as applicable, normal payroll cycle and procedures (but not less frequently than monthly) with a lump sum payment on the sixtieth (60th) day (or at the end of six (6) months if the 409A Deferral Period applies) after Employee’s termination of employment of the amounts Employee would otherwise have received during the sixty (60) days (or six (6) months if the 409A Deferral Period applies) after Employee’s termination had the payments begun immediately after Employee’s termination of employment.    

			
	
			
				 (ii)
			A lump sum payment of one and one-half (1.5) times: the amount of the average percentage of target bonus paid to Employee under the Company’s annual bonus program with respect to the Company’s two (2) most recently completed fiscal years (not including a completed fiscal year for which financial performance has not yet been certified by the Compensation Committee) for which annual bonuses have been paid to executives under such program (referred to hereinafter as the “applicable fiscal years”) multiplied by (A) Employee’s target bonus level (applicable as of the date immediately preceding the termination of Employee’s employment or, if the termination of employment is for Good Reason due to the reduction of Employee’s target bonus level, then Employee’s target bonus level applicable immediately prior to such reduction) and (B) Employee’s Base Salary (applicable as of the date immediately preceding the termination of Employee’s employment or, if the termination of employment is for Good Reason due to the reduction of Employee’s Base Salary, then Employee’s Base Salary applicable immediately prior to such reduction). If Employee 

		 

		

			9

		

		

			 

		

 

	was not eligible for a bonus with respect to one of the two (2) applicable fiscal years due to length of employment, then such amount shall be calculated based upon the percentage of target bonus to Employee for the applicable fiscal year for which a bonus was paid. If no bonus was paid with respect to the applicable fiscal years due to length of employment, then no amount shall be paid under this Section 12(b)(ii). If no bonus was paid to Employee with respect to one or both of the applicable fiscal years due to Company or individual performance, then such bonus amount shall be zero (0) in calculating the amount of the average. 

			
	
			
				 (iii)
			A lump sum payment in an amount equal to one and one-half (1.5) times the annual contribution that would have been made by the Company or the Subsidiary, as applicable, in respect of the plan year in which such termination of employment occurs for Employee’s participation in the Company’s medical, pharmacy, dental and vision benefits programs. 

			
	
			
				 (iv)
			Reasonable outplacement services, as determined and provided by the Company or the Subsidiary, as applicable, for one year or until other employment is secured, whichever comes first.

		
			All payments and benefits otherwise provided to Employee pursuant to this Section 12 shall be forfeited if a copy of the Release attached hereto executed by Employee is not provided to the Company and, if applicable, the Subsidiary within twenty-one (21) days after Employee’s termination date (unless otherwise required by law) or if the Release is revoked; and no payment or benefit hereunder shall be provided to Employee prior to the Company’s and, if applicable, the Subsidiary’s receipt of the Release and the expiration of the period of revocation provided in the Release.  
		

			
	
			
				 c.
			In the event that there is a material breach by Employee of any continuing obligations under this Agreement or the Release after termination of employment, any unpaid amounts under this Section 12 shall be forfeited and the Company and, if applicable, the Subsidiary shall retain any other rights available to it under law or equity.  Any payments or reimbursements under this Section 12 shall not be deemed the continuation of Employee’s employment for any purpose.  Except as specifically enumerated in the Release, the Company’s obligations under this Section 12 will not negate or reduce (i) any amounts otherwise due but not yet paid to Employee by the Company or the Subsidiary, as applicable, or (ii) any other amounts payable to Employee outside this Agreement, or (iii) those benefits owed under any 

		 

		

			10

		

		

			 

		

 

	other plan or agreement covering Employee which shall be governed by the terms of such plan or agreement.  The Company may, at any time and in its sole discretion, make or cause the Subsidiary to make, as applicable, a lump-sum payment of any or all amounts, or any or all remaining amounts, due to Employee under this Section 12 if, or to the extent, the payment is not subject to Section 409A of the Internal Revenue Code.

			
	
			
				 d.
			To the extent permitted by applicable law, in the event that the Company or the Subsidiary, as applicable, reasonably believes that Employee engaged in conduct during his or her employment that would have resulted in his or her termination for Cause as defined under Section 8, any unpaid amounts under Section 12 of this Agreement may be forfeited and the Company or the Subsidiary, as applicable, may seek to recover such portion of any amounts paid under Section 12.

			
	
			
				 13.
			Effect of 280G.  Any payments and benefits due under Section 12 that constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code (“Code Section 280G”), plus all other “parachute payments” as defined under Code Section 280G that might otherwise be due to Employee (collectively, with payments and benefits due under Section 12, “Total Payments”), shall be limited to the Capped Amount.  The “Capped Amount” shall be the amount otherwise payable, reduced in such amount and to such extent so that no amount of the Total Payments, would constitute an “excess parachute payment” under Code Section 280G.  Notwithstanding the preceding sentence but contingent upon Employee’s timely execution and the effectiveness of the Release attached hereto and made a part hereof as provided in Section 12 hereof, Employee’s Total Payments shall not be limited to the Capped Amount if it is determined that Employee would receive at least fifty thousand dollars ($50,000) in greater after-tax proceeds if no such reduction is made.  The calculation of the Capped Amount and all other determinations relating to the applicability of Code Section 280G (and the rules and regulations promulgated thereunder) to the Total Payments shall be made by the tax department of an independent public accounting firm, or, at Company’s discretion, by a compensation consulting firm, and such determinations shall be binding upon Employee and the Company.  Unless Employee and the Company shall otherwise agree (provided such agreement does not cause any payment or benefit hereunder which is deferred compensation covered by Section 409A of the Internal Revenue Code to be in non-compliance with Section 409A of the Internal Revenue Code), in the event the Total Payments are to be reduced, the Company shall, or shall cause the Subsidiary, as applicable, to reduce or eliminate the payments or benefits to Employee by first reducing or eliminating those payments or benefits which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which 

		 

		

			11

		

		

			 

		

 

	are to be paid the farthest in time from the date of the “change in ownership or control” (within the meaning of Code Section 280G).  Any reduction pursuant to the preceding sentence shall take precedence over the provisions of any other plan, arrangement or agreement governing Employee’s rights and entitlements to any benefits or compensation.  

			
	
			
				 14.
			Publicity; No Disparaging Statement.  Except as otherwise provided in Sections 15 and 23 hereof, Employee and the Company covenant and agree that they shall not engage in any communications to persons outside the Company which shall disparage one another or any of the Company’s subsidiaries or affiliates or interfere with their existing or prospective business relationships of either party hereto or the Company’s subsidiaries or affiliates.

			
	
			
				 15.
			Confidentiality and Legal Process.  Employee agrees to keep the proprietary terms of this Agreement confidential and to refrain from disclosing any information concerning this Agreement to anyone other than Employee’s immediate family and personal agents or advisors.  Notwithstanding the foregoing, nothing in this Agreement is intended to prohibit Employee or the Company or, if applicable, the Subsidiary from performing any duty or obligation that shall arise as a matter of law.  Specifically, Employee, the Company and, if applicable, the Subsidiary shall continue to be under a duty to truthfully respond to any legal and valid subpoena or other legal process.  This Agreement is not intended in any way to proscribe Employee’s, the Company’s or the Subsidiary’s right and ability to provide information to any federal, state or local agency in response or adherence to the lawful exercise of such agency’s authority. To the extent Employee accepts any payments under this Agreement and signs and does not revoke the Release, Employee expressly waives and releases any right to recover any future monetary recovery directly from the Company or the Subsidiary, as applicable, including Company or Subsidiary payments that result from any complaints or charges that Employee files with any federal, state, or local government agency or that are filed on Employee’s behalf as they relate to any matters released by Employee.

			
	
			
				 16.
			Business Protection Provision Definitions.

			
	
			
				 a.
			Preamble.  As a material inducement to the Company to enter into this Agreement and in recognition of the valuable experience, knowledge and proprietary information Employee has gained or will gain while employed, Employee agrees to abide by and adhere to the business protection provisions in Sections 16, 17, 18, 19 and 20 herein.

			
	
			
				 b.
			Definitions.  For purposes of Sections 16, 17, 18, 19, 20 and 21 herein:

			
	
			
				 (i)
			“Competitive Position” shall mean any employment, consulting, advisory, directorship, agency, promotional or independent contractor arrangement 

		 

		

			12

		

		

			 

		

 

	between Employee and (x) any person or Entity engaged wholly or in material part in the business in which the Company is engaged (i.e., the discount consumable basics or general merchandise retail business), including but not limited to such other similar businesses as Albertsons/Safeway, ALDI, Big Lots,  Casey’s General Stores, Circle K, Costco, CVS, Dollar Tree Stores, Family Dollar Stores, Fred’s, Kmart, Kroger, 99 Cents Only Stores, The Pantry, Pilot Flying J, Rite-Aid, Sam’s Club, 7-Eleven, Target, Tractor Supply, Walgreen’s and Wal-Mart, or (y) any person or Entity then attempting or planning to enter the discount consumable basics retail business, whereby Employee is required to perform services on behalf of or for the benefit of such person or Entity which are substantially similar to the services Employee provided or directed at any time while employed by the Company or any of its subsidiaries or affiliates.

			
	
			
				 (ii)
			“Confidential Information” shall mean the proprietary or confidential data, information, documents or materials (whether oral, written, electronic or otherwise) belonging to or pertaining to the Company or, if applicable, the Subsidiary, other than “Trade Secrets” (as defined below), which is of tangible or intangible value to the Company or, if applicable, the Subsidiary and the details of which are not generally known to the competitors of the Company or, if applicable, the Subsidiary.  Confidential Information shall also include any items marked “CONFIDENTIAL” or some similar designation or which are otherwise identified as being confidential.

			
	
			
				 (iii)
			“Entity” or “Entities” shall mean any business, individual, partnership, joint venture, agency, governmental agency, body or subdivision, association, firm, corporation, limited liability company or other entity of any kind.

			
	
			
				 (iv)
			“Restricted Period” shall mean two (2) years following Employee’s termination date.

			
	
			
				 (v)
			“Territory” shall include individually and as a total area those states in the United States in which the Company and, if applicable, the Subsidiary maintains stores at Employee’s termination date or those states in which the Company and, if applicable, the Subsidiary has specific and demonstrable plans to open stores within six (6) months of Employee’s termination date.

			
	
			
				 (vi)
			“Trade Secrets” shall mean information or data of or about the Company and, if applicable, the Subsidiary, including, but not limited to, technical or non-technical data, formulas, patterns, compilations, programs, devices, methods, 

		 

		

			13

		

		

			 

		

 

	techniques, drawings, processes, financial data, financial plans, product plans or lists of actual or potential customers or suppliers that:  (A) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; (B) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy; and (C) any other information which is defined as a “trade secret” under applicable law.

			
	
			
				 (vii)
			“Work Product” shall mean all tangible work product, property, data, documentation, “know-how,” concepts or plans, inventions, improvements, techniques and processes relating to the Company or, if applicable, the Subsidiary that were conceived, discovered, created, written, revised or developed by Employee while employed by the Company or the Subsidiary, as applicable.

			
	
			
				 17.
			Nondisclosure:  Ownership of Proprietary Property.

			
	
			
				 a.
			In recognition of the Company’s and, if applicable, the Subsidiary’s need to protect its legitimate business interests, Employee hereby covenants and agrees that, for the Term and thereafter (as described below), Employee shall regard and treat Trade Secrets and Confidential Information as strictly confidential and wholly-owned by the Company or the Subsidiary, as applicable, and shall not, for any reason, in any fashion, either directly or indirectly, use, sell, lend, lease, distribute, license, give, transfer, assign, show, disclose, disseminate, reproduce, copy, misappropriate or otherwise communicate any Trade Secrets or Confidential Information to any person or Entity for any purpose other than in accordance with Employee’s duties under this Agreement or as required by applicable law. This provision shall apply to each item constituting a Trade Secret at all times it remains a “trade secret” under applicable law and shall apply to any Confidential Information, during employment and for the Restricted Period thereafter.    

			
	
			
				 b.
			Employee shall exercise best efforts to ensure the continued confidentiality of all Trade Secrets and Confidential Information and shall immediately notify the Company and, if applicable, the Subsidiary of any unauthorized disclosure or use of any Trade Secrets or Confidential Information of which Employee becomes aware.  Employee shall assist the Company and, if applicable, the Subsidiary, to the extent reasonably requested, in the protection or procurement of any intellectual property protection or other rights in any of the Trade Secrets or Confidential Information.

		
			

		 

		

			14

		

		

			 

		

 

		

			
	
			
				 c.
			All Work Product shall be owned exclusively by the Company or the Subsidiary, as applicable.  To the greatest extent possible, any Work Product shall be deemed to be “work made for hire” (as defined in the Copyright Act, 17 U.S.C.A. § 101 et seq., as amended), and Employee hereby unconditionally and irrevocably transfers and assigns to the Company or the Subsidiary, as applicable, all right, title and interest Employee currently has or may have by operation of law or otherwise in or to any Work Product, including, without limitation, all patents, copyrights, trademarks (and the goodwill associated therewith), trade secrets, service marks (and the goodwill associated therewith) and other intellectual property rights.  Employee agrees to execute and deliver to the Company or the Subsidiary, as applicable, any transfers, assignments, documents or other instruments which the Company or the Subsidiary, as applicable, may deem necessary or appropriate, from time to time, to protect the rights granted herein or to vest complete title and ownership of any and all Work Product, and all associated intellectual property and other rights therein, exclusively in the Company or the Subsidiary, as applicable.

			
	
			
				 18.
			Non-Interference with Employees.  Through employment and thereafter through the Restricted Period, Employee will not, either directly or indirectly, alone or in conjunction with any other person or Entity:  actively recruit, solicit, attempt to solicit, induce or attempt to induce any person who is an exempt employee of the Company or any of its subsidiaries or affiliates (or has been within the last six (6) months) to leave or cease such employment for any reason whatsoever.

			
	
			
				 19.
			Non-Interference with Business Relationships.

			
	
			
				 a.
			Employee acknowledges that, in the course of employment, Employee will learn about the Company’s and, if applicable, the Subsidiary’s business, services, materials, programs and products and the manner in which they are developed, marketed, serviced and provided.  Employee knows and acknowledges that the Company and, if applicable, the Subsidiary has invested considerable time and money in developing its product sales and real estate development programs and relationships, vendor and other service provider relationships and agreements, store layouts and fixtures, and marketing techniques and that those things are unique and original.  Employee further acknowledges that the Company and, if applicable, the Subsidiary has a strong business reason to keep secret information relating to Company’s or, if applicable, the Subsidiary’s business concepts, ideas, programs, plans and processes, so as not to aid Company’s competitors.  Accordingly, Employee acknowledges and agrees that the protection outlined in (b) below is necessary and reasonable.

		
			

		 

		

			15

		

		

			 

		

 

		

			
	
			
				 b.
			During the Restricted Period, Employee will not, on Employee’s own behalf or on behalf of any other person or Entity, solicit, contact, call upon, or communicate with any person or entity or any representative of any person or entity who has a business relationship with the Company and, if applicable, the Subsidiary and with whom Employee had contact while employed, if such contact or communication would likely interfere with the Company’s or, if applicable, the Subsidiary’s business relationships or result in an unfair competitive advantage over the Company or, if applicable, the Subsidiary.

			
	
			
				 20.
			Agreement Not to Work in Competitive Position.  Employee covenants and agrees not to accept, obtain or work in a Competitive Position for a company or entity that operates anywhere within the Territory for eighteen (18) months from the termination of Employee’s employment.

			
	
			
				 21.
			Acknowledgements Regarding Sections 16 – 20. 

			
	
			
				 a.
			Employee and the Company expressly covenant and agree that the scope, territorial, time and other restrictions contained in Sections 16 through 20 of this Agreement constitute the most reasonable and equitable restrictions possible to protect the business interests of the Company and, if applicable, the Subsidiary given: (i) the business of the Company and, if applicable, the Subsidiary; (ii) the competitive nature of the Company’s and, if applicable, the Subsidiary’s industry; and (iii) that Employee’s skills are such that Employee could easily find alternative, commensurate employment or consulting work in Employee’s field which would not violate any of the provisions of this Agreement.

			
	
			
				 b.
			Employee acknowledges that the compensation and benefits described in Sections 5 and 12 are also in consideration of his/her covenants and agreements contained in Sections 16 through 20 hereof and that a breach by Employee of the obligations contained in Sections 16 through 20 hereof shall forfeit Employee’s right to such compensation and benefits.

			
	
			
				 c.
			Employee acknowledges and agrees that a breach by Employee of the obligations set forth in Sections 16 through 20 will likely cause the Company and/or, if applicable, the Subsidiary irreparable injury and that, in such event, the Company and/or, if applicable, the Subsidiary shall be entitled to injunctive relief in addition to such other and further relief as may be proper.

			
	
			
				 d.
			The parties agree that if, at any time, a court of competent jurisdiction determines that any of the provisions of Section 16 through 20 are unreasonable under Tennessee law as to time or area or both, the Company shall be entitled to enforce this 

		 

		

			16

		

		

			 

		

 

	Agreement for such period of time or within such area as may be determined reasonable by such court.  

			
	
			
				 22.
			Return of Materials.  Upon Employee’s termination, Employee shall return to the Company and, if applicable, the Subsidiary all written, electronic, recorded or graphic materials of any kind belonging or relating to the Company or its subsidiaries or affiliates, including any originals, copies and abstracts in Employee’s possession or control.

			
	
			
				 23.
			Whistleblower and Other Protections.  Nothing in this Agreement is intended to or will be used in any way to limit Employee’s rights to voluntarily communicate with, file a claim or report with, or to otherwise participate in an investigation with, any federal, state, or local government agency, as provided for, protected under or warranted by applicable law. Employee does not need prior approval before making any such communication, report, claim, disclosure or participation and is not required to notify the Company or, if applicable, the Subsidiary that such communication, report, claim, or participation has been made.  Additionally, federal law provides certain protections to individuals who disclose a Trade Secret to their attorney, a court, or a government official in certain, confidential circumstances.  Specifically, Employee may not be held criminally or civilly liable under any state or federal trade secret law for the disclosure of a Trade Secret that: (i) is made (A) in confidence to a state, federal or local government official, either directly or indirectly, or to an attorney; and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding; or (iii) in a lawsuit alleging retaliation by the Company or, if applicable, the Subsidiary against Employee for reporting a suspected violation of law, Employee discloses to Employee’s attorney and uses in the court proceeding, as long as any document containing the Trade Secret is filed under seal and Employee does not disclose the Trade Secret except pursuant to a court order. 

			
	
			
				 24.
			General Provisions.

			
	
			
				 a.
			Amendment.  This Agreement may be amended or modified only by a writing signed by both of the parties hereto.

			
	
			
				 b.
			Binding Agreement.  This Agreement shall inure to the benefit of and be binding upon Employee, his/her heirs and personal representatives, and the Company and its successors and assigns.

			
	
			
				 c.
			Waiver of Breach; Specific Performance.  The waiver of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other breach.  Each of the parties to this Agreement will be entitled to enforce this Agreement, specifically, 

		 

		

			17

		

		

			 

		

 

	to recover damages by reason of any breach of this Agreement, and to exercise all other rights existing in that party’s favor.  The parties hereto agree and acknowledge that money damages may not be an adequate remedy for any breach of the provisions of this Agreement and that any party may apply to any court of law or equity of competent jurisdiction for specific performance or injunctive relief to enforce or prevent any violations of the provisions of this Agreement.

			
	
			
				 d.
			Unsecured General Creditor.  The Company shall not, and shall not cause the Subsidiary to, as applicable,  reserve or specifically set aside funds for the payment of the Company’s or the Subsidiary’s obligations under this Agreement, and such obligations shall be paid solely from the general assets of the Company or the Subsidiary, as applicable.

			
	
			
				 e.
			No Effect on Other Arrangements.  It is expressly understood and agreed that the payments made in accordance with this Agreement are in addition to any other benefits or compensation to which Employee may be entitled or for which Employee may be eligible.

			
	
			
				 f.
			Tax Withholding.  There shall be deducted from each payment under this Agreement the amount of any tax required by any governmental authority to be withheld and paid over by the Company or the Subsidiary, as applicable, to such governmental authority for the account of Employee.

			
	
			
				 g.
			Notices.

			
	
			
				 (i)
			All notices and all other communications provided for herein shall be in writing and delivered personally to the other designated party, or mailed by certified or registered mail, return receipt requested, or delivered by a recognized national overnight courier service, or sent by facsimile, as follows:

		
			
		

		
			

		 

		

			18

		

		

			 

		

 

		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						If to Company to:

					
					
						Dollar General Corporation

				
	
					
						 

					
					
						Attn: General Counsel

				
	
					
						 

					
					
						100 Mission Ridge

				
	
					
						 

					
					
						Goodlettsville, TN 37072-2171

				
	
					
						 

					
					
						Facsimile: (615) 855-5517

				
	
					
						 

					
					
						 

				
	
					
						If to the Subsidiary to:

					
					
						[name of subsidiary]

				
	
					
						 

					
					
						c/o Dollar General Corporation

				
	
					
						 

					
					
						Attn: General Counsel

				
	
					
						 

					
					
						100 Mission Ridge

				
	
					
						 

					
					
						Goodlettsville, TN 37072-2171

				
	
					
						 

					
					
						Facsimile: (615) 855-5517

				
	
					
						 

					
					
						 

				
	
					
						If to Employee to:

					
					
						(Last address of Employee known to Company

				
	
					
						 

					
					
						unless otherwise directed in writing by Employee)

				
	
					
						 

					
					
						 

				

		
			
		

			
	
			
				 (ii)
			All notices sent under this Agreement shall be deemed given twenty-four (24) hours after sent by facsimile or courier, seventy-two (72) hours after sent by certified or registered mail and when delivered if by personal delivery.

			
	
			
				 (iii)
			Either party hereto may change the address to which notice is to be sent hereunder by written notice to the other party in accordance with the provisions of this Section.

			
	
			
				 h.
			Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee (without giving effect to conflict of laws).

			
	
			
				 i.
			Arbitration.  If any contest or dispute arises between the parties with respect to this Agreement, such contest or dispute shall be submitted to binding arbitration for resolution in Nashville, Tennessee in accordance with the rules and procedures of the Employment Dispute Resolution Rules of the American Arbitration Association then in effect.  The Company and Employee shall each bear fifty percent (50%) of the costs related to such arbitration (the Company may obtain reimbursement of its share of the costs from the 

		 

		

			19

		

		

			 

		

 

	Subsidiary, if applicable).  If the arbitrator determines that Employee is the prevailing party in the dispute, then the Company shall or, if applicable, shall cause the Subsidiary to reimburse Employee for his/her reasonable legal or other fees and expenses incurred in such arbitration subject to and within ten (10) days after his/her request for reimbursement accompanied by evidence that the fees and expenses were incurred.  Any reimbursement hereunder shall be paid to Employee promptly and in no event later than the end of the year next following the date the expense was incurred.  The decision of the arbitrator shall be final and binding upon all parties hereto and shall be rendered pursuant to a written decision, which contains a detailed recital of the arbitrator’s reasoning. Notwithstanding the foregoing, Employee acknowledges and agrees that the Company, its subsidiaries and any of their respective affiliates shall be entitled to injunctive or other relief in order to enforce the covenant not to compete, covenant not to solicit and/or confidentiality covenants as set forth in Sections 14, 16 through 20, and 22 of this Agreement.

			
	
			
				 j.
			Entire Agreement.  This Agreement contains the full and complete understanding of the parties hereto with respect to the subject matter contained herein and, unless specifically provided herein, this Agreement supersedes and replaces any prior agreement, either oral or written, which Employee may have with Company that relates generally to the same subject matter.    

			
	
			
				 k.
			Assignment.  This Agreement may not be assigned by Employee, and any attempted assignment shall be null and void and of no force or effect.

			
	
			
				 l.
			Severability.  If any one or more of the terms, provisions, covenants or restrictions of this Agreement shall be determined by a court of competent jurisdiction to be invalid, void or unenforceable, then the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect, and to that end the provisions hereof shall be deemed severable.

			
	
			
				 m.
			Section Headings.  The Section headings set forth herein are for convenience of reference only and shall not affect the meaning or interpretation of this Agreement whatsoever.

			
	
			
				 n.
			Voluntary Agreement.  Employee and Company represent and agree that each has reviewed all aspects of this Agreement, has carefully read and fully understands all provisions of this Agreement, and is voluntarily entering into this Agreement.  Each party represents and agrees that such party has had the opportunity to review any and all aspects of 

		 

		

			20

		

		

			 

		

 

	this Agreement with legal, tax or other adviser(s) of such party’s choice before executing this Agreement. 

			
	
			
				 o.
			Deferred Compensation Omnibus Provision.  It is intended that any payment or benefit which is provided pursuant to or in connection with this Agreement which is considered to be deferred compensation subject to Section 409A of the Internal Revenue Code (“Code Section 409A”) shall be paid and provided in a manner, and at such time,  including without limitation payment and provision of benefits only in connection with the occurrence of a permissible payment event contained in Code Section 409A (e.g. death, disability, separation from service from the Company and its affiliates as defined for purposes of Code Section 409A), and in such form, as complies with the applicable requirements of Code Section 409A to avoid the unfavorable tax consequences provided therein for non-compliance.  In connection with effecting such compliance with Code Section 409A, the following shall apply: 

			
	
			
				 (i)
			Notwithstanding any other provision of this Agreement, the Company is authorized to amend this Agreement, to void or amend any election made by Employee under this Agreement and/or to delay the payment of any monies and/or provision of any benefits in such manner as may be determined by it to be necessary or appropriate to comply, or to evidence or further evidence required compliance, with Code Section 409A.  

			
	
			
				 (ii)
			Neither Employee nor the Company shall take any action or cause the Subsidiary to take any action, as applicable, to accelerate or delay the payment of any monies and/or provision of any benefits in any manner which would not be in compliance with Code Section 409A.

			
	
			
				 (iii)
			If Employee is a specified employee for purposes of Code Section 409A(a)(2)(B)(i), any  payments or benefits under this Agreement that are deferred compensation subject to Code Section 409A, as determined by the Company, and that are paid in connection with a separation from service payment event (as determined for purposes of Code Section 409A) shall not be made until six months after Employee’s separation from service (the “409A Deferral Period”).  In the event such payments are otherwise due to be made in installments or periodically during the 409A Deferral Period, the payments which would otherwise have been made in the 409A Deferral Period shall be accumulated and paid in a lump sum as soon as the 409A Deferral Period ends, and the balance of the payments shall be made as otherwise scheduled.  In 

		 

		

			21

		

		

			 

		

 

	the event benefits are required to be deferred, any such benefits may be provided during the 409A Deferral Period at Employee’s expense, with Employee having a right to reimbursement from the Company once the 409A Deferral Period ends, and the balance of the benefits shall be provided as otherwise scheduled.

			
	
			
				 (iv)
			For purposes of this Agreement, all rights to payments and benefits hereunder shall be treated as rights to receive a series of separate payments and benefits to the fullest extent allowed by Code Section 409A.  If under this Agreement, an amount is to be paid in two or more installments, for purposes of Code Section 409A, each installment shall be treated as a separate payment.  In the event any payment payable upon termination of employment would be exempt from Code Section 409A under Treas. Reg. § 1.409A-1(b)(9)(iii) but for the amount of such payment, the determination of the payments to Employee that are exempt under such provision shall be made by applying the exemption to payments based on chronological order beginning with the payments paid closest in time on or after such termination of employment.

			
	
			
				 (v)
			For purposes of determining time of (but not entitlement to) payment or provision of deferred compensation under this Agreement under Code Section 409A in connection with a termination of employment, termination of employment will be read to mean a “separation from service” within the meaning of Code Section 409A where it is reasonably anticipated that no further services would be performed after that date or that the level of bona fide services Employee would perform after that date (whether as an employee or independent contractor) would permanently decrease to less than fifty percent (50%) of the average level of bona fide services performed over the immediately preceding thirty-six (36) month period. 

			
	
			
				 (vi)
			For purposes of this Agreement, a key employee for purposes of Code Section 409A(a)(2)(B)(i) shall be determined on the basis of the applicable twelve (12)–month period ending on the specified employee identification date designated by the Company consistently for purposes of this Agreement and similar agreements or, if no such designation is made, based on the default rules and regulations under Code Section 409A(a)(2)(B)(i).    

			
	
			
				 (vii)
			With regard to any provision herein that provides for reimbursement of expenses or in-kind benefits that are subject to Code Section 409A, except as permitted 

		 

		

			22

		

		

			 

		

 

	by Code Section 409A, (x) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit, and (y) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year of Employee shall not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year of Employee, provided that the foregoing clause (y) shall not be violated with regard to expenses reimbursed under any arrangement covered by Code Section 105(b) solely because such expenses are subject to a limit related to the period the arrangement is in effect. All reimbursements shall be reimbursed in accordance with the Company’s or the Subsidiary’s, as applicable, reimbursement policies but in no event later than Employee’s taxable year following Employee’s taxable year in which the related expense is incurred.

			
	
			
				 (viii)
			When, if ever, a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within ten (10) days following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Company.

			
	
			
				 (ix)
			Notwithstanding any other provision of this Agreement, neither the Company nor the Subsidiary, if applicable, shall be liable to Employee if any payment or benefit which is to be provided pursuant to this Agreement and which is considered deferred compensation subject to Code Section 409A otherwise fails to comply with, or be exempt from, the requirements of Code Section 409A.

			
	
			
				 p.
			Clawback.  Employee acknowledges and agrees that Employee’s rights, payments, and benefits with respect to any incentive compensation (in the form of cash or equity) shall be subject to any reduction, cancellation, forfeiture or recoupment, in whole or in part, upon the occurrence of certain specified events, as may be required by any rule or regulation of the Securities and Exchange Commission or by any applicable national exchange, or by any other applicable law, rule or regulation or as set forth in a separate “clawback” or recoupment policy as may be adopted from time to time by the Board or its Compensation Committee. To the extent allowed by state and federal law and as determined by the Board or its Compensation Committee, Employee agrees that such repayment may, in the discretion of the Compensation Committee, be accomplished by withholding of future compensation to be paid to Employee by the Company or the Subsidiary, as applicable.  Any recovery of incentive compensation covered by Code Section 409A shall be implemented in a manner which complies with Code Section 409A.

		
			

		 

		

			23

		

		

			 

		

 

		

		
			 
		

		
			IN WITNESS WHEREOF, the parties hereto have executed, or caused their duly authorized representative to execute this Agreement to be effective as of the Effective Date.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						DOLLAR GENERAL CORPORATION

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Its:

					
					
						 

				
	
					
						Date:

					
					
						 

				

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						“EMPLOYEE”

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						/s/[Name of Executive Officer]

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						[Name of Executive Officer]

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Date:

					
					
						[Date of Execution]

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						Witnessed by:

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						Name of Witness

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			24

		

		

			 

		

 

		

			 

		

		

		
			Addendum to Employment Agreement with [Name of Executive Officer]
		

		
			 
		

		
			RELEASE AGREEMENT
		

		
			THIS RELEASE (“Release”) is made and entered into by and between _________________ (“Employee”) and DOLLAR GENERAL CORPORATION and, if applicable [NAME OF SUBSIDIARY], and its successor or assigns (“Company”).
		

		
			WHEREAS, Employee and Company have agreed that Employee’s employment with Dollar General Corporation shall terminate on ___________________;
		

		
			WHEREAS, Employee and Dollar General Corporation have previously entered into that certain Employment Agreement, effective _____________________ (the “Agreement”), in which the form of this Release is incorporated by reference;
		

		
			WHEREAS, Employee and Company desire to delineate their respective rights, duties and obligations attendant to such termination and desire to reach an accord and satisfaction of all claims arising from Employee’s employment, and termination of employment, with appropriate releases, in accordance with the Agreement;
		

		
			WHEREAS, the Company desires to compensate Employee in accordance with the Agreement for service Employee has provided and/or will provide for the Company;
		

		
			NOW, THEREFORE, in consideration of the premises and the agreements of the parties set forth in this Release, and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby covenant and agree as follows:
		

		
			1.Claims Released Under This Release.
		

		
			In exchange for receiving the payments and benefits described in Section 12 of the Agreement, Employee hereby voluntarily and irrevocably waives, releases, dismisses with prejudice, and withdraws all claims, complaints, suits or demands of any kind whatsoever (whether known or unknown) which Employee ever had, may have, or now has against Company and other current or former subsidiaries or affiliates of the Company and their past, present and future officers, directors, employees, agents, insurers and attorneys (collectively, the “Releasees”), arising from or relating to (directly or indirectly) Employee’s employment or the termination of employment or other events that have occurred as of the date of execution of this Release, including but not limited to:
		

		
			a.claims for violations of Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Fair Labor Standards Act, the Civil Rights Act of 1991, 

		 

		

			25

		

		

			 

		

 

		

			 

		

the Americans With Disabilities Act, the Equal Pay Act, the Family and Medical Leave Act, 42 U.S.C. § 1981, the Sarbanes Oxley Act of 2002, the National Labor Relations Act, the Labor Management Relations Act, the Genetic Information Nondiscrimination Act, the Uniformed Services Employment and Reemployment Rights Act, Executive Order 11246, Executive Order 11141, the Rehabilitation Act of 1973, or Employee Retirement Income Security Act;
		

		
			b.claims for violations of any other federal or state statute or regulation or local ordinance;
		

		
			c.claims for lost or unpaid wages, compensation, or benefits, defamation, intentional or negligent infliction of emotional distress, assault, battery, wrongful or constructive discharge, negligent hiring, retention or supervision, fraud, misrepresentation, conversion, tortious interference, breach of contract, or breach of fiduciary duty;
		

		
			d.claims to benefits under any bonus, severance, workforce reduction, early retirement, outplacement, or any other similar type plan sponsored by the Company (except for those benefits owed under any other plan or agreement covering Employee which shall be governed by the terms of such plan or agreement); or
		

		
			e.any other claims under state law arising in tort or contract.
		

		
			2.Claims Not Released Under This Release.
		

		
			In signing this Release, Employee is not releasing any claims that may arise under the terms of this Release or which may arise out of events occurring after the date Employee executes this Release.
		

		
			Employee also is not releasing claims to benefits that Employee is already entitled to receive under any other plan or agreement covering Employee which shall be governed by the terms of such plan or agreement.  However, Employee understands and acknowledges that nothing herein is intended to or shall be construed to require the Company to institute or continue in effect any particular plan or benefit sponsored by the Company, and the Company hereby reserves the right to amend or terminate any of its benefit programs at any time in accordance with the procedures set forth in such plans. Employee further understands and acknowledges that any continuing obligation under a Company incentive-based plan, program or arrangement or pursuant to any Company policy or provision regarding recoupment of compensation is not altered by this Release and nothing herein is intended to nor shall be construed otherwise.  
		

		
			Nothing in this Release shall prohibit Employee from engaging in activities required or protected under applicable law or from communicating, either voluntarily or otherwise, with any governmental agency concerning any potential violation of the law.
		

		
			

		 

		

			26

		

		

			 

		

 

		

			 

		

		

		
			3.No Assignment of Claim.  Employee represents that Employee has not assigned or transferred, or purported to assign or transfer, any claims or any portion thereof or interest therein to any party prior to the date of this Release.
		

		
			4.Compensation.  In accordance with the Agreement, the Company agrees to pay Employee or, if Employee becomes eligible for payments and benefits under Section 12 but dies before receipt thereof, Employee’s spouse or estate, as the case may be, the amounts provided in Section 12 of the Agreement.
		

		
			5.Publicity; No Disparaging Statement.  Except as otherwise provided in Section 15, Confidentiality and Legal Process, and Section 23, Whistleblower and Other Protections, of the Agreement, Section 2 of this Release, and as privileged by law, Employee and the Company covenant and agree that they shall not engage in any communications with persons outside the Company which shall disparage one another or interfere with their existing or prospective business relationships.
		

		
			6.No Admission of Liability.  This Release shall not in any way be construed as an admission by the Company or Employee of any improper actions or liability whatsoever as to one another, and each specifically disclaims any liability to or improper actions against the other or any other person.
		

		
			7.Voluntary Execution.  Employee warrants, represents and agrees that Employee has been encouraged in writing to seek advice regarding this Release from an attorney and tax advisor prior to signing it; that this Release represents written notice to do so; that Employee has been given the opportunity and sufficient time to seek such advice; and that Employee fully understands the meaning and contents of this Release. Employee further represents and warrants that Employee was not coerced, threatened or otherwise forced to sign this Release, and that Employee’s signature appearing hereinafter is voluntary and genuine.  EMPLOYEE UNDERSTANDS THAT EMPLOYEE MAY TAKE UP TO TWENTY-ONE (21) DAYS (OR, IN THE CASE OF AN EXIT INCENTIVE OR OTHER EMPLOYMENT TERMINATION PROGRAM OFFERED TO A GROUP OR CLASS OF EMPLOYEES, UP TO FORTY-FIVE (45) DAYS) TO CONSIDER WHETHER TO ENTER INTO THIS RELEASE.
		

		
			8.Ability to Revoke Agreement.  EMPLOYEE UNDERSTANDS THAT  THIS RELEASE MAY BE REVOKED BY EMPLOYEE BY NOTIFYING THE COMPANY IN WRITING OF SUCH REVOCATION WITHIN SEVEN (7) DAYS OF EMPLOYEE’S EXECUTION OF THIS RELEASE AND THAT THIS RELEASE IS NOT EFFECTIVE UNTIL THE EXPIRATION OF SUCH SEVEN (7) DAY PERIOD.  EMPLOYEE UNDERSTANDS THAT UPON THE EXPIRATION OF SUCH SEVEN (7) DAY PERIOD THIS RELEASE 

		 

		

			27

		

		

			 

		

 

		

			 

		

WILL BE BINDING UPON EMPLOYEE AND EMPLOYEE’S HEIRS, ADMINISTRATORS, REPRESENTATIVES, EXECUTORS, SUCCESSORS AND ASSIGNS AND WILL BE IRREVOCABLE.
		

		
			Acknowledged and Agreed to:
		

			
					
						 

					
					
						 

				
	
					
						“COMPANY”

				
	
					
						DOLLAR GENERAL CORPORATION

				
	
					
						By:

					
					
						 

				
	
					
						Its:

					
					
						 

				
	
					
						[SUBSIDIARY]

				
	
					
						By:

					
					
						 

				
	
					
						Its:

					
					
						 

				

		
			 
		

		
			I UNDERSTAND THAT BY SIGNING THIS RELEASE, I AM GIVING UP RIGHTS I MAY HAVE.  I UNDERSTAND THAT I DO NOT HAVE TO SIGN THIS RELEASE.
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						“EMPLOYEE”

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Date

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						WITNESSED BY:

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Date

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			

		 

		

			28

		

		

			 

		

 

		

			 

		

		

		
			SCHEDULE TO EXHIBIT
		

		
			This Schedule of executive officers who have executed the Senior Vice President Employment Agreement is included pursuant to Instruction 2 of Item 601(a) of Regulation S-K for the purposes of setting forth the material details in which the specific agreements differ from the form of agreement filed herewith as Exhibit 10.1.
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Name of Executive Officer

					
					
						   

					
					
						Title

					
					
						   

					
					
						Base Salary

					
					
						   

					
					
						Date of Execution

				
	
					
						 Anita C. Elliott

					
					
						 

					
					
						Senior Vice President and Chief Accounting Officer

					
					
						 

					$
398,115.00
					
					
						 

					
					
						April 9, 2018

				
	
					
						Michael J. Kindy

					
					
						 

					
					
						Senior Vice President, Global Supply Chain

					
					
						 

					$
395,370.00
					
					
						 

					
					
						April 5, 2018

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