Document:

EX-10.10

 Exhibit 10.10 

AMENDED AND RESTATED SETTLEMENT AGREEMENT 

EASTMAN BUSINESS PARK 

THIS SETTLEMENT AGREEMENT, originally dated as of June 17, 2013 and amended and restated as of August 6, 2013 (as amended and
restated, this “Settlement Agreement”), is entered into by and between Eastman Kodak Company (“Kodak”) and its affiliated debtors and debtors-in-possession (collectively, the “Debtors”) in
case No. 12-10202 (ALG) (the “Bankruptcy Case”) currently pending in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”), the New York State Department of
Environmental Conservation (“DEC”), and the New York State Urban Development Corporation d/b/a Empire State Development, a public benefit corporation of the State of New York (“ESD”) (collectively, the
“Parties”). 
 RECITALS 

A. Kodak’s principal manufacturing facility in New York State is Eastman Business Park, a 1,200-acre technology center and industrial
complex located in Monroe County, New York (the “Park”). 
 B. The Park includes businesses and provides services that are
critically important to the economy and general welfare of the City of Rochester, Monroe County, New York, and New York State. It is in the interest of New York State to encourage the continued operation of the Park as a first class technology
center and industrial complex. 
 C. Assuming the implementation of this Settlement Agreement and in consideration of the obligations of the
other Parties hereunder, Kodak shall prosecute a chapter 11 plan of reorganization that contemplates Kodak’s continued (i) operation at the Park for at least ten years with operations including toner manufacturing, pigment milling and
dispersion manufacturing, specialty chemical manufacturing and solvent recovery business lines (the “Kodak Business Lines”), (ii) maintenance at the Park of the research and development functions of the Kodak Technical Center,
(iii) utilization of the integrated support systems servicing the Kodak Business Lines and Kodak Technical Center, (iv) operation of built-in and specially installed equipment which cannot be feasibly relocated, and (v) occupancy and
use of a minimum square footage of space at the Park, as its owner or as a tenant on the terms and conditions set forth herein. 
 D. DEC
has filed claims numbers 5775 through 5787 in the Bankruptcy Case (the “DEC Claims”) and have asserted various hazardous waste permit and corrective permit obligations (“Clean-Up Obligations”) against Kodak as owner
and operator of the Park, and the United States has filed related claim 5609 with respect to historical Kodak discharges to the Genesee River. 

E. In addition, Kodak has entered into the Asset Purchase Agreement, dated as of December 21, 2012 (the “Initial Utility Purchase
Agreement”), between Kodak and RED-Rochester LLC (“RED”), pursuant to which Kodak will sell to RED utility operations essential for the continued operation of the Park and RED will acquire such operations and assume certain
related liabilities and obligations (the “Utility Purchase”). The consummation of the Utility 

 
Purchase is subject to, among other things, the receipt of certain approvals and/or assurances from DEC and ESD. Each of DEC and ESD has informed Kodak that it is currently unwilling to provide
the necessary approvals and/or assurances to satisfy the conditions to the Utility Purchase without the effectiveness of this Settlement Agreement, the establishment of the Trust (as defined below) and the amendment of the Initial Utility Purchase
Agreement as contemplated hereby. 
 F. The parties wish to implement the consensual resolution of the DEC Claims and the Clean-Up
Obligations, and to facilitate the receipt of the necessary approvals and/or assurances from DEC and ESD to consummate the Utility Purchase, in accordance with the terms of this Settlement Agreement. 

G. Kodak and RED are entering into an amendment agreement with respect to the Initial Utility Purchase Agreement (as amended, the
“Amended Utility Purchase Agreement”), pursuant to which RED shall contribute not less than $8,500,000 of the funds necessary to establish the Trust subject to the consummation of the Utility Purchase and RED shall agree, as a
condition of receiving a covenant not to sue from DEC, (i) to Treat Wastewater (as defined below) without cost or expense to the Trust and (ii) that any future transfer of the wastewater treatment center to a party that does not covenant
to Treat Wastewater at no cost or expense to the Trust shall be null and void. 
 H. ESD and RED are entering into the ESD-RED Agreement
(the “ESD-RED Agreement”), after which, upon the consummation of the Utility Purchase and the approval of New York Public Service Commission (“PSC”) in accordance with the laws of the State of New York, RED shall
provide utility and other services at the Park in accordance with the terms and conditions thereof. 
 NOW, THEREFORE, for and in
consideration of the mutual covenants and promises of the parties, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby covenant and agree as follows: 

ARTICLE I 
 DEFINED
TERMS 
 1.1 Definitions. As used in this Settlement Agreement, capitalized terms defined in the Preamble or Recitals have the
meanings specified therein and other capitalized terms have the following meanings: 
 “CERCLA” means the Comprehensive
Environmental Response, Compensation and Liability Act, 42 U.S.C. §9601 et seq. 
 “Confidential Information”
has the meaning set forth in Article 6.14. 
 “DEC Covenant” has the meaning set forth in Article 3.1(d). 

  
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 “DI/PI Lease” has the meaning set forth in Article 4.1. 

“Disclosure Statement” means the Disclosure Statement for Debtors’ Joint Plan of Reorganization Under Chapter 11 of the
Bankruptcy Code, filed on April 30, 2013 [Docket No. 3651], as such disclosure statement may be amended, modified or supplemented in accordance with the terms hereof. 

“EBP Environmental Response Action” means any action by DEC involving the investigation, remediation, corrective action,
closure, and post-closure activities at the Park and in and near the Genesee River that are: (i) required pursuant to the permit issued to Kodak by DEC under the State Resource Conservation and Recovery Act, ECL § 27-0900 et seq. and 6
NYCRR Part 373, (a federally delegated and approved program under the Federal RCRA program, 42 U.S.C. § 6901 et seq.); or (ii) due to conditions giving rise to Kodak’s environmental liabilities in existence prior to the
Effective Date, including without limitation environmental conditions found at the Park that resulted in entry of a DEC Administrative Consent Order (No. R8-1046-95-02) dated February 15, 1996, regarding the Weiland Road Landfill, an inactive
hazardous waste disposal site within the Park identified by DEC, including sites # 8288071; 828074; 828092 and 828082. 
 “Effective
Date” means the effective date of the Plan. 
 “FOIL” has the meaning set forth in Article 6.14. 

“Implementation Date” means the date that is the second business day following the date on which the conditions set forth in
Article 3.2 (other than those conditions that by their nature are to be satisfied at the closing but subject to the fulfillment or waiver of those conditions) have been satisfied or waived, or such other date as the Parties may agree. 

“Kodak EBP Lease Rates” means lease payments of (or otherwise equivalent use and occupancy contributions equal to) at least
$13,000,000 for calendar year 2014, $12,000,000 for calendar year 2015, and $9,000,000 for calendar year 2016, in each case plus all operating costs for the Minimum Kodak Footprint. 

“Minimum Kodak Footprint” means use and occupancy at the Park by Kodak and/or its affiliates, partners, customers, and
suppliers of not less than (i) 5.5 million square feet through 2013, (ii) 4.8 million square feet through 2014, (iii) 4.5 million square feet through 2015, (iv) 4.5 million square feet through 2016, and
(v) 1.8 million square feet for the foreseeable period after 2016 and including 2017, provided that (x) these amounts shall be reduced in connection with divestitures or sales of operations by the corresponding space associated
with such divestitures or sales, and (y) use and occupancy for periods after 2016 are based on current expectations and may change with a material change in circumstances. 

“Plan” means the Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates, filed on
April 30, 2013 [Docket No. 3650], as such plan may be amended, modified or supplemented, provided that such amendment, modification or supplementation is consistent with the terms hereof. 

  
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 “RCRA” means the Resource Conservation and Recovery Act, 42 USC § 6901
et seq. 
 “RCRA Corrective Action” means any “corrective action” within the meaning of RCRA and the
regulations thereunder. 
 “Settlement Approval Order” means an order by the Bankruptcy Court approving the Settlement
Motion, in form and substance reasonably satisfactory to the Parties. 
 “Settlement Motion” means the Debtors’
Motion for an Order Pursuant to Bankruptcy Rule 9019 and Section 363 of the Bankruptcy Code Approving and Authorizing the Debtors’ Entry into the Eastman Business Park Settlement Agreement [Docket No. 4100], as amended from time
to time. 
 “Treat Wastewater” means treat and discharge at the Park’s wastewater treatment center (or an alternative
facility) any leachate and contaminated groundwater collected as part of any EBP Environmental Response Action. 
 “Trust”
has the meaning set forth in Article 3.1(a). 
 “Trust Agreement” has the meaning set forth in Article 3.1(a). 

“Trust Amount” has the meaning set forth in Article 3.1(b). 

“US Covenant Condition” has the meaning set forth in Article 3.2(e). 

ARTICLE II 
 ACTIONS
PRIOR TO THE IMPLEMENTATION DATE 
 2.1 Bankruptcy Court Approval. On June 21, 2013, the Debtors filed the Settlement
Motion. As soon as practicable and in any event within ten days of the date hereof, Kodak shall file an amendment to the Settlement Motion and shall provide notice of the relief requested in accordance with the case management procedures in the
Bankruptcy Case. Kodak shall use its commercially reasonable efforts to cause the Settlement Approval Order to be entered on or prior to the entry of the order confirming the Plan. 

2.2 Cooperation on Utility Purchase. ESD shall take actions reasonably appropriate to support consummation of the Utility Purchase as
contemplated by the Amended Utility Purchase Agreement and the ESD-RED Agreement. Subject to the satisfaction or waiver of the applicable conditions in the Amended Utility Purchase Agreement, at the closing of the Utility Purchase, Kodak shall
direct from the proceeds thereof $8,500,000 to DEC to be irrevocably held in trust for RCRA financial assurances. 
 (a) ESD shall recommend
to PSC that it provide appropriate authorizations, consents, permits and approvals contemplated by the Amended Utility Purchase Agreement and/or the ESD-RED Agreement to be provided by PSC and take all actions reasonably appropriate in connection
with the Utility Purchase; and 

  
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 (b) At Closing of the Utility Purchase, ESD shall enter into definitive documentation with RED
pursuant to which ESD shall provide RED with (i) non-recourse grants of at least $3,600,000, contingent upon closing, and (ii) a loan of not less than $3,500,000 with a term of not less than 20 years and an interest rate of not more than
200 basis points above New York State borrowing costs for similar maturity debt, all of which may be contingent upon acquisition investments and subsequent investments totaling not less than $4,000,000 by RED in efficiency-enhancing improvements at
the utility operations, such loan to be secured by a blanket lien on the assets of RED but not by any guarantee by or lien on any assets of any member or affiliate of RED. 

2.3 Plan Support. Kodak agrees to use its reasonable efforts to obtain approval of a Disclosure Statement and confirmation of a Plan
that is consistent with this Settlement Agreement and the Minimum Kodak Footprint. So long as the Disclosure Statement and Plan are consistent with this Settlement Agreement and the Minimum Kodak Footprint, each of the DEC and ESD shall (i) not
take any other action, directly or indirectly, that could prevent, interfere with, delay or impede the approval of the Disclosure Statement and confirmation of the Plan; (ii) not, directly or indirectly, vote in favor of, support, solicit,
assist, encourage, or participate, in any way, in the formulation, pursuit, or support of any alternative restructuring or reorganization of the Debtors (or any plan or proposal in respect of the same) other than as contemplated by the Plan; and
(iii) in the case of DEC, following approval of the Disclosure Statement by the Bankruptcy Court and the commencement of solicitation of creditors to approve of the Plan, timely vote or cause to be voted all of the DEC Claims to approve the
Plan. 
 2.4 Cooperation in United States Discussions. DEC shall provide all information reasonably available and requested by Kodak
and shall not interfere in Kodak’s discussions with the United States regarding the covenant not to sue and contribution protection contemplated by Article 3.2(e). 

2.5 Joint Public Announcement. The Parties shall agree on a mutually acceptable press release with respect to the execution of this
Settlement Agreement. 
 ARTICLE III 

IMPLEMENTATION 
 3.1
Transactions on the Implementation Date. On the Implementation Date, upon satisfaction of the conditions set forth in Article 3.2: 

(a) Kodak shall (i) execute and deliver the Environmental Response Trust Agreement attached as Exhibit A hereto (“the
“Trust Agreement”) and establish the 

  
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environmental response trust contemplated thereby (the “Trust”), (ii) upon DEC’s instruction, deposit in the Trust all funds then held in trust for RCRA financial
assurances (in a cash amount not less than $31,400,000), (iii) use commercially reasonable efforts to assign to the Trust all available insurance policies, all existing third-party contracts acceptable to the Trust, all warranties running to
the benefit of Kodak, and all rights to reimbursement and/or contribution held by Kodak, in each case to the extent relating to any EBP Environmental Response Actions and (iv) transfer and assign to the Trust its interests in personal property,
equipment and fixtures used for performing any EBP Environmental Response Actions on site, including, without limitation, all equipment and fixtures presently used in connection with the RCRA corrective action or collection of contaminated
groundwater or leachate set forth on Schedule 3.1(a) hereto. 
 (b) Kodak shall deposit in the Trust an amount equal to $17,600,000
such that the total funds in the Trust equal $49,000,000 (the “Trust Amount”); 
 (c) DEC shall execute and deliver to
Kodak a covenant not to sue for EBP Environmental Response Actions or other environmental liabilities associated with current and former parcels of the Park in existence prior to the Implementation Date in the form attached as Exhibit B
hereto (the “DEC Covenant”), it being understood that the DEC Covenant shall not be effective until the Trust Amount has been paid in full in cash and deposited in the Trust; 

(d) DEC and Kodak shall agree that (i) in the event the costs of EBP Environmental Response Actions exceed $49,000,000, DEC shall be
responsible for payment of such costs in excess of $49,000,000, up to a limit of an additional $50,000,000, and (ii) in the event the costs of EBP Environmental Response Actions exceed $99,000,000, Kodak shall pay fifty percent (50%) of
such costs in excess of $99,000,000 and DEC shall pay fifty percent (50%) of such costs in excess of $99,000,000 with such agreement to be confirmed with such additional written undertaking as either Party may reasonably request; 

(e) In full and final settlement of the DEC Claims, without further action by any Party or the Bankruptcy Court, the DEC Claims shall be
allowed by stipulation in the Bankruptcy Case as pre-petition general unsecured claims in the aggregate amount of $11,285,000. 
 (f) Kodak
shall pay on the Implementation Date all reasonable and documented attorneys’ fees and expenses, including but not limited to those fees and expenses paid to their technical consultants, incurred by ESD to Bryan Cave LLP and Knauf Shaw LLP in
connection with services provided by such firms to ESD and the New York State Attorney General in connection with the negotiation, execution, delivery, approval and enforcement of this Settlement Agreement, up to $750,000; and 

  
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 3.2 Conditions to Implementation. The transactions to occur on the Implementation Date are
subject to the satisfaction or waiver by each Party of the following conditions precedent: 
 (a) the Settlement Approval Order shall have
been entered by the Bankruptcy Court, which Order shall provide that Kodak is ordered and directed to pay and perform its obligations to be performed on or prior to the Implementation Date under this Settlement Agreement, and such Settlement
Approval Order shall not be subject to stay or have been vacated or reversed; 
 (b) the Utility Purchase shall have been consummated in
accordance with the Amended Utility Purchase Agreement and all conditions precedent to Kodak’s obligations thereunder shall have been satisfied or waived by Kodak; 

(c) the Amended Utility Purchase Agreement and the ESD-RED Agreement shall be in full force and effect and no amendment shall have been made
thereto that is materially adverse to any Party without the consent of such Party; 
 (d) the Trust Agreement shall have been executed and
delivered by the parties thereto and shall be in full force and effect; 
 (e) unless otherwise waived by Kodak, the United States shall
have delivered a covenant not to sue and contribution protection pursuant to applicable federal environmental law, including without limitation RCRA and Section 113(f)(2) of CERCLA concerning liabilities or potential liabilities to the United
States associated with the Park or historical discharges from the Park to the Genesee River (such condition to implementation the “US Covenant Condition”); 

(f) ESD and DEC shall have obtained all necessary approvals as legally required; and 

(g) each Party shall have made the other deliveries and taken the actions contemplated by Article 2.2 and Article 3.1, subject only to the
deliveries to be made and the other actions to be taken on the Implementation Date. 
 3.3 Termination. The obligations of the
Parties under this Settlement Agreement shall terminate upon written notice by any Party at any time on or after December 31, 2013 if the Implementation Date has not occurred at the time of such notice, provided that (a) a
termination notice executed and delivered by a Party in material breach of its obligations under this Settlement Agreement shall not be effective, and (b) the obligations of the Parties under Articles 6.2, 6.7, 6.13 and 6.14 shall survive such
termination. 
 ARTICLE IV 

PARTIES’ OBLIGATIONS AFTER IMPLEMENTATION 

4.1 Minimum Kodak Footprint. Kodak will prosecute a Plan prior to the Effective Date and, subject to Article 4.2, use and occupy the
Park after the Implementation Date, consistent with the Minimum Kodak Footprint and the terms and conditions of this Settlement Agreement. In the event that Kodak consummates the previously-announced disposition of its Document Imaging and
Personalized Imaging businesses to affiliates of the Kodak Pension Plan, 

  
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(a) Kodak shall enter into one or more leases with the new owners and operators of such businesses pursuant to which the tenants will lease at least 300,000 square feet within building 205 for a
period of five or more years (with at least three years committed) on such terms as Kodak and the tenants may agree (the “DI/PI Lease”) and (b) the Minimum Kodak Footprint shall be reduced accordingly. 

4.2 Sale of the Park. After the Implementation Date, with respect to any sale or disposition of all or substantially all of
Kodak’s ownership interests in the Park: 
 (a) such sale or disposition shall be subject to the DI/PI Lease, which shall continue to
reflect the applicable requirements of Article 4.1; 
 (b) the purchase contract shall require the purchaser to enter into a lease or leases
with Kodak for Kodak’s continued occupancy and use of the Park on terms reasonably acceptable to ESD consistent with the Minimum Kodak Footprint (as reduced in accordance with Article 4.1) at the Kodak EBP Lease Rates through 2016, and
thereafter, on terms reasonably acceptable to ESD, unless ESD otherwise agrees; 
 (c) each of ESD and Kodak shall work together in good
faith and take such actions as the other may reasonably request to ensure that: (i) the purchaser enjoys the benefit of the Trust, the DEC Covenant and all of the undertakings of ESD set forth in this Settlement Agreement and (ii) in the
case of a sale of all or substantially all of Kodak’s ownership interests in the Park; (x) the purchaser is creditworthy, responsible and has the competence, commitment and financial ability to maintain and improve the Park to attract and
retain leading technological and industrial tenants; and (y) such sale is an arms-length market transaction and shall not result in a material adverse impact on the remaining tenants at the Park; 

(d) in the case of a sale of all or substantially all of Kodak’s ownership interest in the Park, such sale shall be subject to the
reasonable approval of ESD that the purchaser meets the standards described in Articles 4.2(c)(ii) and 4.4; and 
 (e) ESD and DEC shall be
third-party beneficiaries of the purchaser’s post-closing obligations under any such sale or disposition agreement. 
 4.3
Administrative Expense Status. Prior to the Effective Date, all of Kodak’s monetary obligations under this Settlement Agreement shall constitute administrative expenses under section 503(b) of the Bankruptcy Code. On the Effective Date,
the Parties hereto stipulate and agree that this Settlement Agreement shall be assumed by and vest with Kodak’s reorganized successors pursuant to the terms of the Plan automatically upon confirmation of the Plan, without any further action by
any person or order of the Bankruptcy Court. In addition, on the Effective Date, Kodak shall deposit the sum of $17,600,000 in cash in an escrow account on customary terms with a bank reasonably acceptable to both Parties to be held as credit
support for the performance by Kodak’s reorganized successors on the Implementation Date of its obligation under Section 3.1(b) in accordance with the terms and conditions hereof. 

  
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 4.4 Ongoing Cooperation. After the Implementation Date, with respect to a sale or
disposition of any ownership interest in the Park from Kodak after the date hereof (other than to RED), the purchase contract shall require the purchaser to: 

(a) provide all commercially reasonable ongoing cooperation with DEC and the Trustees of the Trust so that the EBP Environmental Response
Actions are performed as efficiently and cost effectively as practicable; 
 (b) solely to the extent the sale or disposition relates to an
ownership interest in wastewater utilities at the Park, Treat Wastewater without cost or expense to the Trust and agree that any future transfer of an ownership interest in wastewater utilities at the Park to a party that does not covenant to Treat
Wastewater at no cost or expense to the Trust shall be null and void; 
 (c) (i) retain and maintain for a reasonable period of time all
records, files and information in its possession with regard to the implementation of EBP Environmental Response Actions; (ii) promptly, upon request, allow DEC and the Trust reasonable access to such records, files and information (including,
without limitation, but subject to applicable privacy rules, any information on file regarding contractors, consultants and prior employees); and (iii) provide DEC and the Trust with reasonable access upon advanced written notice to real
property or facilities for the portions of the Park under their control as necessary to implement, manage and perform EBP Environmental Response Actions; 

(d) provide DEC with reasonable access to the real property, facilities, information and records reasonably necessary to the conduct of EBP
Environmental Response Actions at the Park; 
 (e) take all commercially reasonable measures to cooperate with any action by DEC in response
to conditions giving rise to EBP Environmental Response Actions at the Park; 
 (f) maintain existing institutional and engineering controls
at the Park and, in the event Kodak or such purchaser modifies any surface feature in a manner that adversely affects DEC’s actions at the Park or institutional or engineering controls at the Park, cooperate with DEC and, at Kodak or such
purchaser’s cost and expense, establish any controls reasonably required in connection with such modifications; and 
 (g) provide, in
the case of Kodak or any purchaser that has acquired all or substantially all of Kodak’s ownership interests in the Park after the date hereof, (i) ESD with an annual statement indicating Kodak’s expected annual occupancy costs and
utility usage at the Park for three years following the Implementation Date, with each statement to be provided not later than the anniversary of the Implementation Date, and (ii) ESD and DEC with such other information concerning the Park as
they reasonably request, including projected occupancy and utilization needs at the Park in form and substance reasonably acceptable to ESD and DEC. 

  
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 4.5 Indemnification for Costs to Treat Wastewater. In addition to the obligations set
forth in Section 4.4 above, Kodak shall indemnify DEC and the Trust for any and all costs to Treat Wastewater in the event any owner of the utilities at the Park (including, without limitation, RED) does not Treat Wastewater (or alternative
arrangements are not arranged by Kodak) without cost to DEC or the Trust. 
 4.6 Information Sharing. Subject to Article 6.14, Kodak
and DEC acknowledge and agree that information related to EBP Environmental Response Actions may be shared, in either party’s discretion, and subject to advance written notice and reasonable confidentiality undertakings, with other parties
having an interest in the Park or the performance of the EBP Environmental Response Actions, including without limitation, Park purchasers and tenants, the City of Rochester, Monroe County, New York State, and the U.S. Environmental Protection
Agency. 
 4.7 DEC Cooperation. Before undertaking any material modification to projected EBP Environmental Response Actions, DEC
shall give notice of such modification to Kodak and any future Park owners and thereby provide the opportunity to review and comment. DEC agrees to review and consider in good faith any comments submitted by Kodak and any future Park owners
concerning such proposed modifications. 
 4.8 Limitation on Trust and DEC’s Obligations. 

(a) Neither DEC nor the Trust shall be responsible for costs associated with (i) building demolition and/or site redevelopment at the
Park (including without limitation, abatement of any asbestos; lead-based paint; urea formaldehyde insulation; polychlorinated biphenyls or mercury above-ground or in structures; construction, including de-watering during construction; soil
management or other reconfiguration of surface features); or (ii) operation, maintenance, replacement or retirement of the power plant, the wastewater treatment plant or any other utilities. All such obligations and responsibilities shall be
performed by the owner of the applicable portion of the Park (or on its behalf by an operator of the Park), or by RED with respect to its utility operations and their successor and assigns, and Kodak shall assure that such obligations are assigned
to and assumed by such owner or by RED, as the case may be, to the extent required by applicable law. 
 (b) Neither DEC nor the Trust shall
be responsible for personal injury claims (i) based upon hazardous substances, hazardous waste, pollutants or petroleum products alleged to have been used or disposed of by Kodak, or otherwise emanating, or which have emanated from, the Park
prior to the Implementation Date or (ii) with respect to exposures relating to aboveground structures or activities following the Implementation Date. 

(c) The Trust shall not be responsible for any environmental remediation at any location used or alleged to have been used by Kodak other than
(i) locations currently or formerly part of the Park or (ii) impacts arising out of historical discharges to the Genesee River for treatment, storage or disposal. Any responsibility under applicable law for such environmental remediation
shall be retained by Kodak and Kodak shall indemnify, defend and hold DEC and the Trust harmless from all damages and claims, including reasonable attorneys’ fees and expenses, arising out of, or connected with, the foregoing. 

  
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 4.9 Sterling 2 and 3 Sites. Nothing herein shall alter Kodak’s rights or
responsibilities concerning implementation of the records of decision in accordance with the applicable consent orders governing the Sterling 2 site (registry site #442010, Order on Consent # A4-0344-9607, dated January 28, 1997 and Record of
Decision dated March 28, 1996) or the Sterling 3 site (registry site # 442011, Orders on Consent #A4-0281-9204 and A4-0624-08-09, dated March 29, 1994 and August 5, 2010 and Records of Decision dated March 31, 1992 and March 30, 2009, as well an
Explanation of Significant Difference, issued on July 26, 2000). 
 ARTICLE V 

THE TRUST 
 5.1 Purpose
of Trust. The purpose of the Trust shall be to provide funds to allow DEC to implement such EBP Environmental Response Actions as DEC deems reasonable and necessary, including investigation, environmental remediation, corrective action,
post-closure care, operation and maintenance or monitoring at the Park and the Genesee River due to hazardous substances, hazardous waste, pollutants or petroleum products disposed of at, or otherwise emanating from, or which have emanated or been
discharged from, the Park. Subject to Article 4.6 (DEC Cooperation), DEC shall have the right, in its sole discretion, and without approval from Kodak or any third party, including any third party who takes any interest in the Park from Kodak, to
direct the EBP Environmental Response Actions, including selection of trustees, any remedy and contractor(s) and consultant(s). Except as necessary to respond to an imminent and substantial risk to public health or the environment, DEC shall
(a) undertake EBP Environmental Response Actions in a manner that does not result in any material disruption to current and planned commercial activities at the Park and (b) work with owners and tenants at the Park in good faith to
minimize disruptions and any material adverse impacts to the continued use of the Park as a technology center and industrial complex. 
 5.2
Residual Trust Funds. Any funds remaining in the Trust upon completion of all required EBP Environmental Response Actions shall be distributed to DEC to be used for any lawful purpose in DEC’s sole discretion. 

5.3 DEC Oversight. DEC shall have oversight of the Trustees and Trust activities for funding expenditures, operating expenses,
monitoring, testing and remediation costs, selection of contractors, selection of consultants, and all related matters. In order to assure implementation of the purposes of the Trust as set forth in Article 5.1 (Purpose of Trust) above, DEC shall
have the right, in its sole discretion, to direct and fund from the Trust EBP Environmental Response Actions or to elect to perform EBP Environmental Response Actions at the Park itself using Trust funds and, if applicable, funds expended in excess
of Trust funds up to a total of $99 million; provided that, for amounts in excess of $99 million, so long as Kodak has not materially breached any of its obligations hereunder, DEC shall consult in advance with Kodak on any material decisions
and Kodak shall have the opportunity to request changes and DEC’s consent to such changes shall not be arbitrarily and capriciously withheld. 

  
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 5.4 Trust Accounting. The Trust shall provide Kodak with an annual accounting. Upon
reasonable request, but not more frequently than annually, DEC or the Trust shall provide a report to Kodak and any future Park owners which outlines EBP Environmental Response Actions completed in the preceding year and includes a projection of EBP
Environmental Response Actions planned for the next year. 
 ARTICLE VI 

ADDITIONAL PROVISIONS 

6.1 Notices. All notices or other communications pursuant to this Settlement Agreement shall be in writing and shall be deemed valid
and sufficient if delivered by personal service or overnight courier or if dispatched by registered mail, postage prepaid, or, if dispatched by electronic mail, promptly confirmed by letter dispatched as above provided, addressed as follows: 

 

			
	If to:	 	Kodak
		
		 	Eastman Kodak Company
		 	343 State Street
		 	Rochester, New York 14650
		 	Attn: General Counsel
		
		 	With a copy (which shall not constitute notice) to:
		
		 	Sullivan & Cromwell LLP
		 	125 Broad St.
		 	New York, New York 10004
		 	Attn: Andrew G. Dietderich
		
	If to:	 	ESD
		
		 	Empire State Development
		 	633 Third Avenue, 37th Floor
		 	New York, New York 10017
		 	Attn: President and CEO
		 	Attn: General Counsel

  
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		 	With a copy (which shall not constitute notice) to:
		
		 	Bryan Cave LLP
		 	1290 Avenue of the Americas
		 	New York, New York 10104
		 	Attn: Lloyd Palans, Esq.
		
	If to:	 	DEC
		
		 	New York State Department of Environmental Conservation
		 	625 Broadway
		 	Albany, New York 12233-1500
		 	Attn: General Counsel

 Any party may change its address by notice to the others given in the manner set forth above. Notices and
other communications rendered as herein provided shall be deemed to have been given when received. 
 6.2 Entire Agreement. This
Settlement Agreement constitutes the entire agreement between the Parties with respect to the subject matter addressed herein and supersedes any prior written and/or verbal agreements. 

6.3 Amendments. This Settlement Agreement may only be modified in a writing signed by all of the Parties. 

6.4 Headings. All headings and captions in this Settlement Agreement are for convenience only and shall not be interpreted to enlarge
or restrict the provisions of the Settlement Agreement. 
 6.5 Construction. As used herein, (a) the plural shall include the
singular, and the singular shall include the plural, unless the context or intent indicates to the contrary and (b) unless otherwise specified, references to agreements, orders and other documents are references to the same as they may be
amended from time to time. 
 6.6 Waiver and Modification. The failure of the Parties to insist, in any one or more instances, upon
the strict performance of any of the covenants of this Settlement Agreement, or to exercise any option herein contained, shall not be construed as a waiver, or a relinquishment for the future, of such covenant or option, but the same shall continue
and remain in full force and effect. 
 6.7 Jurisdiction. The Parties (a) agree to submit to the jurisdiction of the Bankruptcy
Court and the Federal Courts in the Southern District of New York and the state courts of the State of New York, as applicable, for purposes of all legal proceedings arising out of, or in connection with, this Settlement Agreement (provided that
permitting or other matters not arising out of or in connection with Bankruptcy Court approval of this Settlement Agreement shall be 

  
 -13- 

 
heard in the state courts of the State of New York); (b) waive and agree not to assert any objection that it may now or hereafter have to the laying of the venue of such action brought in
any such court or any claim that any such action brought in such court has been brought in an inconvenient forum; (c) agrees that the mailing of process or other papers in connection with any such action or proceeding in the manner provided in
Article 6.1 or any other manner as may be permitted by law shall be valid and sufficient service thereof; and (d) agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in any other jurisdictions
by suit on the judgment or in any other manner provided by applicable law. 
 6.8 Counterparts and Facsimile Signatures. This
Settlement Agreement may be executed in counterparts and all such counterparts when so executed shall together constitute the final Settlement Agreement as if one document had been signed by all of the Parties. This Settlement Agreement may be
executed by e-mail copy and each signature thereto shall be and constitute an original signature, as if all Parties had executed a single original document. 

6.9 Further Necessary Actions. To the extent that any document is required to be executed by any Party to effectuate the purposes of
this Settlement Agreement, the Party will execute and deliver such document or documents to the requesting Party. 
 6.10 Jointly
Drafted. This Settlement Agreement is, and shall be deemed to be, the product of joint drafting by the parties hereto and shall not be construed against any of them as the drafter hereof. 

6.11 Time is of the Essence. Time shall be of the essence with respect to each and every of the various undertakings and obligations of
the Parties as set forth in the Settlement Agreement. 
 6.12 Successors and Assigns. All rights and obligations of the Parties
hereunder shall inure to the benefit of and shall bind their respective successors and assigns, and specifically, this Settlement Agreement shall be binding upon Kodak and its reorganized successors pursuant to the terms of the Plan as approved by
the Bankruptcy Court. Kodak may assign its rights and obligations under this Settlement Agreement in whole or in part to any purchaser of all or substantially all of Kodak’s ownership interests in the Park that assumes Kodak’s obligations
hereunder and, upon and after such assignment and assumption, Kodak shall be released from its obligations hereunder. Upon request of Kodak, the Parties will execute and deliver documents evidencing any such assignment and assumption. 

6.13 No Third-Party Beneficiaries. Nothing in this Settlement Agreement, expressed or implied, is intended to confer upon any party
other than the parties hereto any rights, remedies, obligations or liabilities under or by reason of this Settlement Agreement or the settlement effectuated hereby. 

6.14 Confidentiality. This Settlement Agreement and information supplied to any Party in connection with this Settlement Agreement or
otherwise that is marked “Confidential” contains confidential information (“Confidential Information”) some of which may fall within the 

  
 -14- 

 
scope of Section 87(2)(d) of the Public Officers Law (“FOIL”). If any Party receives Confidential Information it agrees to hold such Confidential Information in the
strictest confidence, except to the extent required to be disclosed by law, regulation, judicial or administrative process. Should ESD or DEC receive a FOIL request seeking Confidential Information, it shall give Kodak prior written notice and the
opportunity to explain in more detail why the document is subject to an exception to disclosure under FOIL. 
 6.15 Court Approval.
The Parties’ obligations hereunder are not effective unless and until approved by the Bankruptcy Court. 
 [SIGNATURE PAGE FOLLOWS] 

  
 -15- 

 IN WITNESS WHEREOF, the parties hereto by their authorized representatives have executed this
instrument on the date set forth above. 
  

					
	NEW YORK STATE URBAN DEVELOPMENT CORPORATION, d/b/a EMPIRE STATE DEVELOPMENT
		
	By:	 	 /s/ Kenneth G. Adams

		 	Name:	 	Kenneth G. Adams
		 	Title:	 	President and CEO
	
	THE NEW YORK STATE DEPARTMENT OF ENVIRONMENTAL CONSERVATION
		
	By:	 	 /s/ Edward F. McTiernan

		 	Name:	 	Edward F. McTiernan
		 	Title:	 	Deputy Commissioner and General Counsel
	
	EASTMAN KODAK COMPANY
	On behalf of itself and its affiliated debtors and debtors-in-possession
		
	By:	 	 /s/ Antonio M. Perez

		 	Name:	 	Antonio M. Perez
		 	Title:	 	Chairman and CEO

 [Signature Page to Amended and Restated Settlement Agreement] 

  
 -16- 

 EXHIBIT A 

Trust Agreement 

 ENVIRONMENTAL RESPONSE 

TRUST FUND AGREEMENT 

By and Among 

Eastman Kodak Company and its 

Affiliated Debtors and Debtors-in-Possession in Bankruptcy Case No. 12-10202 

As Settlors 

And 
 The
Commissioner of the New York State Department of 
 Environmental Conservation 

As Environmental Response Trust Beneficiary and Powers and Rights Holder 

on Behalf of the Department 

Dated: June    , 2013 

 This ENVIRONMENTAL RESPONSE TRUST FUND AGREEMENT (“Trust Agreement”), is entered
into this     day of June    , 2013, by and among Eastman Kodak Company, a New Jersey corporation, and its Affiliated Debtors and Debtors-in-Possession in Bankruptcy Case No. 12-10202 (“Kodak”
or “Settlor”) and the Commissioner of the New York State Department of Environmental Conservation, as Environmental Response Trust Beneficiary and Powers and Rights Holder on Behalf of the Department of Environmental Conservation
(collectively “DEC” or “Beneficiary”). 
 WHEREAS, Settlor’s principal manufacturing facility in New
York State is Eastman Business Park, a 1,200-acre technology center and industrial complex located in at 1669 Lake Avenue, in the City of Rochester and Town of Greece, Monroe County, New York (“EBP”). EBP covers more than 1,100 acres and
includes more than 125 manufacturing buildings, 30 miles of roads, power generation facilities for steam and electricity, an industrial sewer system linked with the Kings Landing Treatment Facility, a sewer system linked to the Monroe County Sewage
Treatment Facility, railroad infrastructure, fire department, water treatment facilities, a hazardous waste incinerator, and on-site landfills used for disposal of commercial and industrial wastes, including hazardous wastes; and 

WHEREAS, on January 19, 2012, Settlor filed for bankruptcy protection pursuant to Chapter 11 of the United States Bankruptcy Code,
11 USC § 101 et seq. in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”); and 

WHEREAS, on or about April 23, 2013, Settlor filed with the Bankruptcy Court a Disclosure Statement (the “Disclosure
Statement”) For Debtors’ Joint Plan Of Reorganization Under Chapter 11 Of The Bankruptcy Code (the “Plan of Reorganization”) and the Plan Of Reorganization (which may be amended, modified and supplemented from time to time); and

 WHEREAS, Settlor’s operations at EBP as set forth in the Settlement Agreement and are and will be subject to regulation and
enforcement by DEC pursuant to, inter alia, various articles of the New York State Environmental Conservation Law (“ECL”) and underlying regulations; and 

WHEREAS, Settlor has certain environmental compliance obligations at and in the vicinity of EBP that they wish to resolve; and 

WHEREAS, on or about              2013, Settlor, DEC, and the New York
State Urban Development Corporation, doing business as Empire State Development (“ESD”), a public benefit corporation of the State of New York, entered into the Settlement Agreement dated
            , 2013, and attached hereto as Appendix B (the “Settlement Agreement”), pursuant to which Settlor has agreed, upon approval of the Bankruptcy Court Order
approving the Settlement Agreement and upon the occurrence of certain conditions, to establish and fund the Trust (as defined below) in the amount of forty-nine million dollars ($49,000,000) for the purpose of resolving certain of their ongoing
environmental compliance obligations at and in the vicinity of EBP; and 
 WHEREAS, DEC has agreed to accept establishment and full
funding of the Trust as full settlement of Settlor’s RCRA EBP Environmental Response Actions (as defined below) 

 
requirements for the “Pre-Existing Environmental Liabilities” and to provide a covenant not to sue in substantially the same form as the Covenant Not to Sue that is attached hereto as
Appendix A (the “DEC Covenant”); and 
 WHEREAS, the Settlement Agreement and Settlor’s Plan of Reorganization
provide for the execution of the Settlement Agreement and this Trust Agreement, and the creation of the Trust to be administered by the Beneficiary and the Trustee (each as defined below); and 

WHEREAS, this Trust Agreement and the Settlement Agreement shall govern the Trust; 

NOW, THEREFORE, Settlor and the Beneficiary, in consideration of the foregoing premises and the mutual covenants and agreements
contained herein and in the Settlement Agreement, agree as follows: 
 Section 1. Definitions. As used in
this Trust Agreement, capitalized terms defined in the Preamble or Recitals have the meanings specified therein and other capitalized terms have the following meanings: 

(a) The term “Beneficiary” means the Commissioner of the New York State Department of Environmental Conservation on behalf of DEC,
or the Commissioner’s duly appointed designee, as Environmental Response Trust Beneficiary and Powers and Rights Holder. 
 (b) The
term “Commissioner” means the Commissioner of the DEC, or the Commissioner’s duly appointed designee. 
 (c) The term
“Trustee” means the trustee of the Trust proposed by the Settlors and approved by the Beneficiary in accordance with the requirements of this Agreement, and any successor trustee. 

(d) The term “Effective Date” means the date set forth in Settlor’s Plan of Reorganization and in the order confirming the Plan
by the Bankruptcy Court. 
 (e) The term “ Environmental Response Actions” means the investigation, remediation, corrective
action, closure, and post-closure activities at EBP and in and near the Genesee River that are: (i) required pursuant to the permit issued to Kodak by DEC under the State Resource Conservation and Recovery Act, ECL § 27-0900 et seq. and 6
NYCRR Part 373, (a federally delegated and approved program under the Federal RCRA program, 42 U.S.C. § 6901 et seq.); or (ii) due to conditions giving rise to Kodak’s environmental liabilities in existence prior to the
Effective Date, including without limitation environmental conditions found at EBP that resulted in entry of a DEC Administrative Consent Order (No. R8-1046-95-02) dated February 15, 1996, regarding the Weiland Road Landfill, an inactive
hazardous waste disposal sites within EBP identified by DEC, including sites # 8288071; 828074; 828092 and 828082. 

  
 2 

 Section 2. Purpose of the Trust, Construction and Interpretation. 

(a) The purposes of the Trust is to conduct, manage and/or fund Environmental Response Actions in accordance with the provisions of this Trust
Agreement. 
 (b) The Trust is hereby created as a qualified settlement fund within the meaning of, and pursuant to, Subchapter A,
Section 1.468B-1 of the United States Treasury Regulations promulgated under the Internal Revenue Code. 
 (c) Where the provisions of
this Trust Agreement or the Settlement Agreement conflict with or are irreconcilable with the provisions of the Plan of Reorganization, the terms of this Trust Agreement and the Settlement Agreement shall govern. The provisions of this Trust
Agreement shall be interpreted in a manner consistent with the Settlement Agreement. 
 (d) The Trust has no objective to engage in any
trade or business and shall not be deemed to be engaging in any trade or business. The Trustee shall have no authority to engage in any trade or business. The performance by the Trustee of its duties under this Trust Agreement and the Settlement
Agreement shall not be considered to be the engagement in a trade or business. 
 Section 3. Establishment of
Trust. Settlor hereby establishes an environmental trust fund (the “Trust”) for the benefit of the Commissioner on behalf of DEC pursuant to this Trust Agreement and the Settlement Agreement. As of the Effective Date, Settlor shall
appoint a Trustee acceptable to the Beneficiary who shall have all the rights, powers and duties set forth herein and in the Settlement Agreement with respect to accomplishing the purpose of the Trust, as set forth below. Settlor and the Trustee
intend that DEC shall have the authority to determine appropriate Environmental Response Actions and approve funding for such actions through the Trustee. 

Section 4. Transfer of Funds to the Environmental Response Trust. The Settlors shall fund the Environmental Response Trust
Fund in the amount of forty-nine million dollars ($49,000,000) as set forth in the Settlement Agreement. 
 Section 5.
Funding and Disbursements for Environmental Response Actions. 
 (a) DEC shall have the right, in its sole discretion, and without
approval from any third-party including the Settlor or any third-party who takes any interest in EBP from the Settlor, to direct Environmental Response Actions, including but not limited to the selection and/or termination of a Trustee; the
evaluation and selection of any remedy, or implementation of any corrective action, closure and/or post closure activities within the meaning of 6 NYCRR Part 373; and the selection and/or termination of contractor(s) and/or consultant(s). Trust
funds shall be used exclusively to fund Environmental Response Actions and for no other purpose. 
 (b) The Trustee shall within 15 days of
a duly issued written directive from the Commissioner make payment from the Fund to provide for the payment of the costs incurred and covered by this Trust Agreement and the Settlement Agreement. The Trustee shall reimburse DEC or such other persons
as specified by the Commissioner from the Trust Fund for the expenditures of such covered Environmental Response Actions in such amounts as the Commissioner directs. 

  
 3 

 (c) The Trustee shall have the obligation to provide written confirmation to the Commissioner or
his designee of all payments/disbursements directed to be made by the Commissioner. 
 (d) The Trust shall not be responsible for any costs
associated with: (i) building demolition and/or site redevelopment at EBP (including but not limited to abatement of any asbestos; lead based paint; urea formaldehyde insulation; PCBs; or mercury; or construction, including de-watering during
construction; soil management or other reconfiguration of surface features); or (ii) operation, maintenance, replacement or retirement of the waste water treatment plant and power plant, including boilers, electric-generating steam turbines,
air compressors, nitrogen system, steam turbine, motor driven refrigeration units and related distribution systems and piping; the demineralized water plants, high purity water treatment plant, wastewater purification plant, water intakes,
reservoirs and cooling towers, pumping stations, filtration and treatment equipment, nitrogen generation system, and liquid nitrogen vaporization system and related distribution systems and piping; or any other assets used to provide utility
services. The Trust shall have no liability for the real property located at EBP; title to EBP real property shall be retained by the Settlor and/or any third party to which the Settlor sells or transfers such real property. 

Section 6. Trustee, Authority and Management. The Trustee shall have the authority to invest and reinvest the principal and
income of the Trust in demand and time deposits, such as certificates of deposit, in banks or other savings institutions whose deposits are federally insured, or other liquid investments, such as U.S. Treasury bills, or such other investment as
approved by DEC, and shall keep the Trust invested as a single fund, without distinction between principal and income, in accordance with general investment policies and guidelines which the DEC may communicate in writing to the Trustee from time to
time, subject, however, to the provisions of this section. In investing, reinvesting, exchanging, selling, and managing the Trust, the Trustee shall discharge his or her duties with respect to the trust fund solely in the interest of the Beneficiary
and with the care, skill, prudence, and diligence under the circumstances then prevailing which persons of prudence, acting in a like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character and with
like aims, except that nothing in this Section 6 shall be construed as authorizing the Trustee to cause the Trust to carry on any business or to derive any gains there from, including without limitation, the business of an investment
company, or a company “controlled” by an “investment company,” required to register as such under the Investment Company Act of 1940, as amended. The sole purpose of this Section 6 is to authorize the investment of the funds
in the Trust or any portions thereof as may be reasonably prudent pending use of the proceeds for the purposes of the Trust. 

Section 7. Beneficiary and DEC Authority, Rights and Powers. The Beneficiary shall have the authority in its discretion to
retain or terminate the Trustee, or any contractor and/or consultant; to conduct audits of the Trust; to receive copies of all payments and disbursements from the Trust and all Trust bank statements and records. The Trustee shall provide any
information requested by the Beneficiary or his designee within ten days of such request. 

  
 4 

 Section 8. Residual Funds. Any funds remaining in the Trust upon completion of
all required Environmental Response Actions shall be distributed to DEC to be used for any lawful purpose within DEC’s sole discretion. 

Section 9. Trust Fund Expenses. All commissions and fees incurred by the Trustee in connection with the administration of
the Trust, the compensation of the Trustee, and all of the proper charges and disbursements of the Trustee shall be paid from the Trust. 

Section 10. Annual Valuation. The Trustee shall annually, at least 30 days prior to the anniversary date of establishment
of the Trust, furnish to Settlor and to the Commissioner a statement confirming the value of the Trust and an accounting of all disbursements, fees and income of the Trust for the year. Any securities in the Trust shall be valued at market value as
of no more than 60 days prior to the anniversary date of the establishment of the Trust. Upon reasonable request, but not more frequently than annually, DEC or the Trustee shall provide a report to the Settlors and any future EBP owners which
outlines Environmental Response Actions completed in the preceding year and includes a projection of Environmental Response Actions planned for the next year. 

Section 11. Advice of Counsel. Trustee may from time to time, and with the written permission of the Commissioner, which
permission shall not be unreasonably withheld, consult with counsel approved by DEC with respect to any question arising as to the construction of this Trust Agreement or any action to be taken hereunder. The Trustee shall be fully protected, to the
extent permitted by law, in acting upon the advice of counsel, but in no event shall the Trustee assert any attorney-client or other privilege as to the Beneficiary. 

Section 12. Trustee Compensation. The Trustee shall be entitled to reasonable compensation for its services and
reimbursement of expenses as agreed upon in writing by the Commissioner, and such compensation shall be paid out of the Trust. 

Section 13. Removal of Trustee; Successor Trustee. The Trustee may resign but only upon sixty 60 days written notice to
DEC. In no event shall such resignation be effective until DEC has appointed a successor Trustee, who accepts such appointment and is provided no less than ten (10) business days to confer with the resigning Trustee regarding Trust operations.
DEC may terminate and/or replace the Trustee in its sole discretion. Any successor Trustee shall have the same powers and duties as those conferred upon the Trustee pursuant to this Trust Agreement and the Settlement Agreement. Upon a successor
Trustee’s acceptance of the appointment, the Trustee shall assign, transfer, and pay over all documents and information to the successor trustee regarding the Trust. If for any reason DEC cannot or does not act in the event of the resignation
of the Trustee, the Trustee may apply to a court of competent jurisdiction for the appointment of a successor Trustee or for relief or instruction. Any expenses incurred by the Trustee as a result of any of the acts contemplated by this section
shall be paid as provided in this Trust Agreement. 
 Section 14. Instructions to the Trustee. All orders, requests, and
instructions by DEC to the Trustee shall be in writing, signed by such persons as are designated in the attached Appendix C or such other designees as the Commissioner may designate in writing to the Trustee. The Trustee shall act and shall
be fully protected in acting without inquiry in 

  
 5 

 
accordance with DEC’s orders, requests, and instructions. The Trustee shall have the right to assume, in the absence of written notice to the contrary, that no event constituting a change or
a termination of the authority of any person to act on behalf of the Commissioner hereunder has occurred. The Trustee shall have no duty to act in the absence of such orders, requests, and instructions from the Commissioner except as provided for
herein. 
 Section 15. Amendment of Trust Agreement. This Trust Agreement may be amended in a manner not materially
adverse to Kodak or any EBP Party (as defined in the DEC Covenant) by an instrument in writing executed by the Trustee and the Commissioner. 

Section 16. Irrevocability and Termination. Subject to the right to amend this Trust Agreement as provided in
Section 15 hereof, this Trust shall be irrevocable and shall continue until terminated at the written notice of the Commissioner. Upon termination of the Trust, all remaining trust property, less final trust administration expenses, shall be
delivered to DEC. 
 Section 17. Immunity and Indemnification. The Trustee shall not incur personal liability of any
nature in connection with any act or omission, made in good faith, in the administration of the Trust, or in the carrying out of any directions by DEC issued in accordance with this Trust Agreement. 

Section 18. Choice of Law. This Trust Agreement shall be administered, construed, and enforced according to the laws of the
State of New York. 
 Section 19. Interpretation. As used in this Trust Agreement, words in the singular include the
plural and words in the plural include the singular. The descriptive headings for each section of this Trust Agreement shall not affect the interpretation or the legal efficacy of this Trust Agreement. 

[SIGNATURE PAGE FOLLOWS] 

  
 6 

 IN WITNESS WHEREOF the parties have caused this Trust Agreement to be executed by their
respective officers duly authorized and their corporate seals to be hereunto affixed and attested as of the date first above written. The parties below certify that the wording of this Agreement is identical to the wording specified in 6 NYCRR
373-2.8(j)(1) as such regulations were constituted on the date first above written. 
  

	
	EASTMAN KODAK COMPANY
	
	  

	[Name and Title]

  

	
	ATTEST:
	
	  

	[Name and Title]

  

	
	COMMISSIONER OF THE NEW YORK STATE DEPARTMENT OF ENVIRONMENTAL CONSERVATION,
AS ENVIRONMENTAL RESPONSE TRUST BENEFICIARY AND POWERS AND RIGHTS HOLDER ON
BEHALF OF THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION
	
	  

	[Name and Title]

  

	
	ATTEST:
	
	  

	[Name and Title]

 On this      day of             , 2013, before
me personally came to me known who, by me duly sworn, did depose and say that (s)he resides in; that (s)he is the officer of, the corporation described in and which executed the within Trust Agreement; that (s)he knew the seal of said corporation;
that the seal affixed to said instrument was such corporate seal; that it was so affixed by order of the board of directors of said corporation, and that (s)he signed his/her name thereto by like order. 

 

			
	  
	 	Notary Public

  
 7 

 APPENDIX A 

COVENANT NOT TO SUE 

  
 A-1 

 APPENDIX B 

SETTLEMENT AGREEMENT 

  
 B-1 

 APPENDIX C 

DEC AUTHORIZED SIGNATORIES 

  
 C-1 

 EXHIBIT B 

DEC Covenant 

 AGREEMENT WITH COVENANTS NOT TO SUE 

INTRODUCTION 
 THIS
AGREEMENT WITH COVENANTS NOT TO SUE (this “Covenant”) is made this      day of              2013 by and between the New York State Department of
Environmental Conservation (“DEC”) and Eastman Kodak Company (“Kodak”) (DEC and Kodak are collectively referred to as the “Parties”). 

BACKGROUND 

WHEREAS, Eastman Business Park (“EBP”) covers more than 1,100 acres and is located at 1669 Lake Avenue, in the City of
Rochester and Town of Greece, New York. EBP includes more than 125 manufacturing buildings, 30 miles of roads, power generation facilities for steam and electricity, an industrial sewer system linked with the Kings Landing Treatment Facility, a
sewer system linked to the Monroe County Sewage Treatment Facility, railroad infrastructure, fire department, water treatment facilities, a hazardous waste incinerator, and on-site landfills used for disposal of commercial and industrial wastes,
including hazardous wastes. 
 WHEREAS, portions of EBP are presently owned and/or operated by Kodak as a debtor-in-possession
in Bankruptcy Case No. 12-10202 (ALG) (the “Bankruptcy Case”) pending in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). 

WHEREAS, Kodak’s operations at EBP are subject to regulation by DEC pursuant to, inter alia, New York State
Environmental Conservation Law (“ECL”); New York State Navigation Law (“NL”); the Federal Resource Conservation and Recovery Act (“RCRA”); the Comprehensive Environmental Responsibility Compensation
and Liability Act (“CERCLA”); the Clean Air Act (“CAA”) and the Clean Water Act (“CWA”).  

WHEREAS, There have been permitted and unpermitted air emissions, discharges of wastewater and storm water as well as releases of
hazardous substances and hazardous wastes, as those terms are defined by 42 U.S.C. 9601(14), 42 U.S.C. 6903(5) and 6 NYCRR 371.1 which have resulted in contamination of soil and groundwater at EBP as well as sediments and surface waters in areas
adjoining EBP. In response to contamination at EBP, DEC issued DEC Permit #8-2614-0205/00/04 (the “RCRA Permit”) to Kodak. DEC issued the RCRA Permit pursuant to 6 NYCRR 373. The RCRA Permit sets forth detailed operation, closure
and post-closure care and maintenance requirements, as well as corrective action requirements for EBP. 
 WHEREAS, To address the
threat to public health, welfare and the environment posed by the identified contamination at EBP, the RCRA Permit requires that Kodak take corrective action including without limitation operating a wastewater treatment system which collects storm
water, contaminated groundwater from Kodak’s corrective actions required by the RCRA Permit as well as leachate and contaminated groundwater generated by the Weiland Road Landfill required pursuant to 6 NYCRR Part 360 and Administrative Consent
Order R8-1046-95-02 dated February 15, 1996. 

 WHEREAS, Portions of EBP have been designated as inactive hazardous waste disposal sites
by DEC, including sites # 8288071; 828074; 828092 and 828082. 
 WHEREAS, Pollutants, hazardous substances and hazardous
wastes have been discharged from EBP into the adjacent Genesee River. Investigations into conditions in the Genesee River and related dredge spoils are ongoing and response actions may be necessary to address the threat to public health, welfare and
the environment posed by the contamination of the Genesee River caused by Kodak. 
 WHEREAS, Kodak’s financial status and
bankruptcy may prevent Kodak from complying with all of the corrective action requirements of the RCRA Permit, the order and regulatory obligations governing Weiland Road Landfill, and otherwise responding to contamination at, or which has emanated
from, EBP. As a result, Kodak has proposed funding an environmental response trust (the “Environmental Response Trust”) to address its obligations to DEC at EBP. 

WHEREAS, DEC, the New York State Urban Development Corporation, doing business as Empire State Development (“ESD”),
and Kodak entered into a Settlement Agreement, dated             , 2013 (the “Settlement Agreement”), governing the creation and use of the Environmental Response Trust and
entry into this Covenant; and 
 WHEREAS, On or about             , the
Bankruptcy Court issued an order in the Bankruptcy Case approving the Settlement Agreement pursuant to Section 363 of the Bankruptcy Code and Rule 9019 of the Federal Rules of Bankruptcy Procedure. 

NOW THEREFORE, the Parties agree as follows: 

ARTICLE I 

DEFINITIONS 
 1.1 Unless
otherwise expressly provided herein, terms used in the Covenant that are defined in the ECL or the regulations promulgated thereunder shall have the meanings assigned to them in the ECL or such regulations. Wherever the terms listed below are used
in this Covenant they shall have the following meanings: 
 “Allowed Post-Petition Trust Claim” means the administrative
claim against Kodak contemplated by Section 3.1(c) of the Settlement Agreement and defined therein as the “Allowed Post-Petition Trust Claim.” 

“EBP Parties” means any person or entity, whether or not affiliated with Kodak, that was not an owner or tenant of EBP on the
date of the Settlement Agreement but that takes title or any interest in EBP from Kodak after the date of the Settlement Agreement pursuant to Article VII of this Covenant, that has or is alleged to have any present or future liability or
responsibility to DEC, New York State, the United States or any agency or instrumentality thereof with respect to any Pre-Existing Environmental Liability or any other environmental subsurface condition in existence prior to the Implementation Date
at current and former parcels of the Park and historical discharges from the Park to the Genesee River. 

  
 2 

 “Effective Date” means the date upon which both parties duly execute and deliver
copies of this Covenant, the Settlement Agreement has been approved by an order entered by the Bankruptcy Court and all time periods to appeal the order have expired. 

“Laws” means applicable federal, state or local statutes, common-law, rules, regulations, consent orders or injunctions. 

“Pre-Existing Environmental Liability” means liabilities for conditions on, at, under or about EBP arising under any Laws for
any spill, discharge, escape, release or threatened release of hazardous substances or hazardous wastes which occurred prior to the Effective Date including without limitation liabilities based upon: (i) contamination of soil, surface water,
sediments or groundwater at EBP; (ii) contamination of sediments and surface waters in the Genesee River adjoining EBP which originated at EBP, or (iii) contamination due to on-going migration or passive emissions (including soil vapors)
from hazardous substances or hazardous wastes which are the result of discharges or other events at EBP which occurred entirely prior to the Effective Date; provided, however, that to the extent that any liability is due, in part, to
discharges or other events which occurred prior to the Effective Date and, in part, to discharges or other events (including the negligent acts or omissions of Kodak) which occur after the Effective Date, then that portion of the liability which is
caused by Kodak’s acts or omissions after the Effective Date shall not constitute a Pre-Existing Environmental Liability; and provided further that with regard to any building or equipment at EBP owned or operated by Kodak, the presence
of asbestos; lead based paint; urea formaldehyde insulation; polychlorinated biphenyls; mercury; or any other hazardous substance as a component or constituent of any building, building material or equipment which exists prior to the Effective Date
shall not render the condition a Pre-Existing Environmental Liability and Kodak shall comply with all Laws governing the management, abatement and/or disposal of such material to the extent triggered by or applicable to Kodak’s operation,
demolition, modification or refurbishment of such building or equipment. 
 ARTICLE II 

KODAK’S OPERATIONS 

2.1 Kodak shall conduct its activities at EBP in compliance with applicable Laws and nothing contained in this Covenant shall be construed to
authorize any unpermitted releases of any hazardous substances, hazardous wastes or pollutants by Kodak or any operation or activity by Kodak in violation of the ECL or any applicable Laws. 

ARTICLE III 

COVENANT NOT TO SUE 
 3.1
Upon Kodak’s payment in full of the Allowed Post-Petition Trust Claim, and subject to the reservation of claims and defenses set forth in Article VI hereof, the DEC hereby covenants not to sue, execute judgment, or take any civil, judicial or
administrative action under any federal, state, local, or common law or other actions for costs, damages, enforcement costs, interest, contribution or attorney’s fees (other than enforcement of this Covenant) against the EBP Parties for any
Pre-Existing Environmental Liabilities at EBP. 

  
 3 

 3.2 Subject to the reservation of claims and defenses set forth in Article VI hereof, Kodak
covenants not to assert any claims or causes of action under any federal, state, local, or common law against the DEC, or its employees, agencies or departments, or to seek against the DEC any costs, damages, contribution or attorneys’ fees
arising out of or related to conditions at EBP or any Pre-Existing Environmental Liabilities. 
 ARTICLE IV 

CONTRIBUTION PROTECTION 

4.1 To the extent authorized under 42 U.S.C. § 9613 and New York General Obligations Law §
15-108, Kodak shall be deemed to have resolved its liability to DEC for purposes of contribution protection provided by CERCLA Section 113(f)(2) for Pre-Existing Environmental Liabilities. 

4.2 DEC shall not oppose any motion or application by Kodak in any subsequent proceeding which seeks the contribution protection that this
Covenant is intended to provide to Kodak. 
 4.3 If DEC takes any action in connection with a Pre-Existing Environmental Liability,
including without limitation any administrative proceeding, which results in any other third party asserting against Kodak a claim in the nature of contribution, which claim is based, in whole or in part, on the allegation that the claimant and
Kodak share a common liability to DEC, then to the extent authorized under the ECL, the New York General Obligations Law § 15-108, and any other applicable law, upon written request by Kodak, DEC agrees
to confirm to any administrative agency, court or tribunal that Kodak’s funding of the Environmental Response Trust performance of its obligations under the Settlement Agreement and this Covenant represent Kodak’s fair share of liability
or responsibility to DEC for Pre-Existing Environmental Liabilities and DEC shall take any reasonable action requested by Kodak to modify DEC’s pleadings or judgment to ensure that Kodak is not exposed to claims in the nature of contribution;
provided, however, that nothing in this Covenant shall obligate DEC to initiate any judicial proceeding, or otherwise initiate any action seeking a judicial declaratory ruling, for the benefit of Kodak. 

ARTICLE V 
 DISPUTE
RESOLUTION 
 5.1 Any determination by DEC that Kodak has liability or potential liability for or as a result of a condition on, at,
under or about current and former parcels of EBP which DEC alleges is not a Pre-Existing Environmental Liability shall be subject to dispute resolution pursuant to this Article V, provided that (i) within 10 business days of receipt of a notice
from DEC that Kodak has liability or potential liability for or as a result of a condition on, at, under or about current and former parcels of EBP which DEC alleges is not a Pre-Existing Environmental Liability (a “Liability
Notice”), Kodak requests in writing that the matter in dispute be resolved by the DEC’s Deputy Commissioner for Remediation and Materials Management (the “Deputy Commissioner”) and, (ii) within 30 calendar days of
receipt of the Liability Notice, Kodak submits a written statement of the issues in dispute, which shall include the facts upon which the 

  
 4 

 
dispute is based, the factual data, analysis or opinion(s) supporting Kodak’s position, and all supporting documentation on which it relies, including, if applicable, affidavits and/or
declarations (a “Statement of Position”). DEC shall serve its Statement of Position, and all supporting documentation, including, if applicable, affidavits and/or declarations no later than 30 calendar days after receipt of
Kodak’s Statement of Position. Kodak shall have 10 business days after receipt of DEC’s Statement of Position within which to serve a reply. If Kodak does not timely comply with the requirements of this paragraph, then the DEC’s
Liability Notice shall be deemed final and binding on Kodak. The time periods for the exchange of Statements of Position and replies may be modified upon Covenant in writing of the parties. An administrative record of any dispute under this
paragraph shall be maintained by DEC. The record shall include the Statement of Position served by each Party and any relevant information submitted by a Party to the dispute. The record shall be available for review by Kodak and the public,
consistent with the Freedom of Information Law (New York Public Officers Law Article 6). 
 5.2 Upon review of the administrative record as
developed pursuant to Article 5.1 hereof, the Deputy Commissioner shall promptly issue a final decision resolving the dispute. 
 5.3 The
invocation of formal dispute resolution procedures under this Article V shall not stay or excuse the performance of work required pursuant to the disputed DEC determination, or Liability Notice, except by written agreement of the DEC or by the
Deputy Commissioner upon written application from Kodak. Kodak shall have the burden of establishing the necessity and appropriateness of such a stay or excuse based on the likelihood of success on the merits with respect to the matter in dispute
and a balancing of the equities. The Deputy Commissioner’s decision not to grant an extension is subject to judicial review pursuant to paragraph D of this Article V. The decision of the Deputy Commissioner shall be final and binding upon Kodak
unless within 30 calendar days of receipt of the Deputy Commissioner’s decision, Kodak petitions for review by a court of competent jurisdiction. 

5.4 If Kodak invokes the dispute resolution provisions of this Article V, DEC’s Liability Notice shall not be set aside or revised by the
court unless Kodak establishes that DEC’s position is arbitrary, capricious or not in accordance with law. 
 5.5 If DEC alleges that
any liability is due, in part, to discharges or releases which occurred prior to the Effective Date and, in part, to discharges or releases (including by negligent acts or omissions of Kodak) which occur after the Effective Date, then traditional
concepts of divisibility and causation may be used by either Party to apportion the liability which is alleged to have been caused by Kodak’s acts or omissions after the Effective Date. 

ARTICLE VI 

RESERVATIONS 
 6.1 Nothing
in this Covenant, expressed or implied, is intended to confer upon any party other than the EBP Parties any rights, remedies, obligations or liabilities under or by reason of this Covenant or the settlement effectuated hereby. 

  
 5 

 6.2 Nothing contained in this Covenant shall be construed as barring, adjudicating, or in any way
resolving: 
  

	 	(a)	any actions to enforce this Covenant; 

  

	 	(b)	the lawful exercise of any power or authority of DEC not otherwise restricted by this Covenant; 

  

	 	(c)	any claim, cause of action, right or defense that the Parties may have under state or federal Law as against any third party; 

  

	 	(d)	DEC’s right against Kodak or any other person to protect public health and the environment from an imminent and substantial hazard or to otherwise prohibit the Deputy Commissioner or his duly authorized
representative from exercising any summary abatement powers or Kodak’s rights and defenses to such actions; 

  

	 	(e)	any claim under New York State common law for nuisance; 

  

	 	(f)	DEC’s right to bring criminal charges against any person or entity; 

  

	 	(g)	DEC’s right to gather information, request records and enter and inspect property and premises; or 

  

	 	(h)	any claims of the United States. 

 ARTICLE VII 

COVENANT TO APPLY TO EBP PARTIES 

This Covenant shall remain effective and the protections and obligations of this Covenant shall apply, without further action by ESD, to each
EBP Party as it applies to Kodak if and when the following conditions are satisfied: 
  

	 	(a)	DEC receives written notice of the identity of the EBP Party within 14 business days after the entity becomes an EBP Party; 

  

	 	(b)	the EBP Party undertakes all appropriate inquiry into previous ownership and uses of its portion of EBP; 

  

	 	(c)	the EBP Party agrees to be bound to this Covenant by duly executing and delivering a signature page to DEC in the form of the joinder agreement attached hereto as Annex A; and 

 

	 	(d)	upon acquiring any interest in EBP, the EBP Party duly reports any unpermitted spills, discharges, escapes, releases or threatened releases of hazardous substances or hazardous wastes for the portions of EBP under its
control in accordance with applicable Laws. 

  
 6 

 ARTICLE VIII 

NOTICES 
 8.1 All notices
or other communications pursuant to this Covenant shall be in writing and shall be deemed valid and sufficient if delivered by personal service or overnight courier or if dispatched by registered mail, postage prepaid, or, if dispatched by
electronic mail, promptly confirmed by letter dispatched as above provided, addressed as follows: 
  

			
	If to:	 	Kodak
		
		 	Eastman Kodak Company
		 	343 State Street
		 	Rochester, New York 14650
		 	Attn: General Counsel
		
		 	With a copy (which shall not constitute notice) to:
		
		 	Sullivan & Cromwell LLP
		 	125 Broad St.
		 	New York, New York 10004
		 	Attn: Andrew G. Dietderich
		
	If to:	 	DEC
		
		 	New York State Department of Environmental Conservation
		 	625 Broadway
		 	Albany, New York 12233-1500
		 	Attn: General Counsel

 8.2 The Parties reserve the right to designate additional or different addressees for communication upon
providing written notice to the other and to any EBP Parties. 
 ARTICLE IX 

MODIFICATIONS 
 9.1 This
Covenant shall constitute the complete and entire understanding between the Parties concerning the EBP Parties’ liability to DEC for Pre-Existing Environmental Liabilities. No term, condition, understanding, or Covenant purporting to modify or
vary any term of this Covenant shall be binding unless made in writing and subscribed by the Party to be bound. No informal advice, guidance, suggestion, or comment by DEC regarding any report, proposal, plan, specification, schedule, or any other
submittal shall be construed as relieving Kodak of Kodak’s obligations pursuant to this Covenant. 
 [SIGNATURE PAGE FOLLOWS] 

  
 7 

 IN WITNESS WHEREOF, the parties hereto by their authorized representatives have executed this
instrument on the date set forth above. 
  

					
	 THE NEW YORK STATE DEPARTMENT

OF ENVIRONMENTAL CONSERVATION

		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	EASTMAN KODAK COMPANY
	On behalf of itself and its affiliated debtors and debtors-in-possession
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 8 

 ANNEX A 

FORM OF JOINDER AGREEMENT 

This Joinder Agreement (this “Joinder Agreement”) is executed and delivered this      day of
                 by
                                         (the
“EBP Party”) and is effective as of the date hereof. All capitalized terms used but not defined herein shall have the respective meanings ascribed to them in the Agreement with Covenants Not to Sue dated as of [—], 2013, as amended (the “Covenant”), by and among the New York State Department of Environmental Conservation (“DEC”) and Eastman Kodak Company (“Kodak”). 

WHEREAS, the EBP Party has or is alleged to have, now or in the future, any liability or responsibility to DEC, New York State, the United
States or any agency or instrumentality thereof with respect to any Pre-Existing Environmental Liability or any other environmental subsurface condition in existence prior to the Implementation Date at current and former parcels of the Park and
historical discharges from the Park to the Genesee River; 
 WHEREAS, pursuant to the terms of the Covenant and provided that certain
conditions specified in the Covenant are satisfied, the EBP Party is entitled to have the Covenant remain effective and apply to the EBP Party; 

NOW, THEREFORE, in consideration of the mutual promises contained in the Covenant and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the EBP Party hereby acknowledges and agrees to be bound to all terms and conditions of the Covenant applicable to Kodak. 

IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement on the day and year first set forth above. 

 

	
	  

	[Name of EBP Party]

  
 9 

 SCHEDULE 3.1(a) 

Transferred Property 

GROUNDWATER REMEDIATION ASSET DESCRIPTIONS 
  

					
	 System
	  	 Component Pump

Well Identification #
	  	 Equipment Description

	WIA-KPW North Fenceline Containment System	  	PB119ER, PB119NER, PB135ER, PB143NW, PL54E, PL54NE, PL54NE2, PL54W	  	 •      Enclosure Sheds D-1, D-2, D-6 & D-7 (houses
instrumentation and control systems)
 •      Electrical main power disconnect
and circuit breaker panels
 •      Pump well motor controls

•      Level controllers

•      Flow meters and sensors

•      Motor contactor, thermal overloads and resets

•      Submersible ground water pumps

•      Conveyance piping

•      Pump well manholes

			
	Parking Lot 50 Migration Control System	  	PL50N2, PL50N3, PL50NW3, PL50W	  	 •      Electrical main power disconnect and circuit breaker
panels
 •      Pump well motor controls

•      Instrumentation panels

•      Level controllers

•      Flow meters and sensors

•      Motor contactor, thermal overloads and resets

•      Submersible ground water pumps

•      Conveyance piping

•      Pump well vault systems

			
	 Building 329 / 349 Area

Remedial System
	  	PB329E2, PB349N	  	 •      Electrical main power disconnect and circuit breaker
panels
 •      Pump well motor controls

•      Instrumentation panels

•      Level controllers

•      Flow meters and sensors

•      Motor contactor, thermal overloads and resets

•      Submersible ground water pumps

•      Conveyance piping

•      Pump well vault systems

			
	Northern KPM Migration Control System	  	PB350NE2, PB350NW, PB319N	  	 •      Enclosure Shed M-10 (houses instrumentation and control
systems)
 •      Electrical main power disconnect and circuit breaker panels

•      Pump well motor controls

•      Level controllers

•      Flow meters and sensors

•      Motor contactor, thermal overloads and resets

•      Submersible ground water pumps

•      Conveyance piping

•      Pump well manholes

			
	MIA-301 (KPM) Groundwater Remediation System	  	PB323SE2, PB303SW, PB303W2	  	 •      Pumpwell vaults

•      Submersible groundwater pumps

•      Pneumatic air supply systems

•      Pump cycle counters

•      Conveyance piping

  
 -1- 

					
			
	Northeast KPX Overburden Migration Control System	  	PB218N	  	 •      Electrical main power disconnect and circuit breaker
panels
 •      Instrumentation panel

•      Level controller

•      Flow meter and sensor

•      Motor contactor, thermal overloads and resets

•      Submersible ground water pump

•      Conveyance piping

•      Pump well manhole

			
	 Parking Lot 73

Remedial System
	  	PL73N	  	 •      Electrical main power disconnect and circuit breaker
panels
 •      Instrumentation panel

•      Level controllers

•      Flow meter and sensor

•      Motor contactor, thermal overloads and resets

•      Submersible ground water pumps

•      Conveyance piping

•      Pump well manhole

			
	Weiland Road Landfill TOR Remedial System	  	PWRNW3	  	 •      Electrical main power disconnect and circuit breaker
panels
 •      Instrumentation panel

•      Level controller

•      Flow meter and sensor

•      Motor contactor, thermal overloads and resets

•      Submersible ground water pump

•      Conveyance piping

•      Pump well vault

			
	Individual Systems	  	PB53N2, PB54NW, PB54SE, PB115N, PB136S, PB57W, PB322NE2, PB322NE4, PB307E2, PB307N3	  	 •      Pumpwell vaults

•      Submersible groundwater pumps

•      Pneumatic air supply systems

•      Pump cycle counters

•      Conveyance piping

•      Electrical main power disconnect and circuit breaker panels

•      Instrumentation panel

•      Level controllers

•      Flow meter and sensor

•      Motor contactor, thermal overloads and resets

•      Submersible ground water pumps

•      Conveyance piping

			
	Northeast KPE Migration Control Systems	  	PL41N, PL41S, PL42E, PL42W	  	 •      Electrical main power disconnect and circuit breaker
panels
 •      Instrumentation panels

•      Level controllers

•      Flow meters and sensors

•      Motor contactors, thermal overloads and resets

•      Submersible ground water pumps

•      Conveyance piping

•      Pump well vaults

			
	MIA-333 Dual Phase Remediation System	  	PB326SWR, PB326SW5, PB326SW6, PB326SW9	  	 •      Enclosure trailer

•      Vacuum extraction pump

•      Electrical main power disconnect and circuit breaker panel

•      Instrumentation panel

•      Flow meters and sensors

•      Motor contactors, thermal overloads and resets

•      Oil water separator

•      Conveyance piping

•      Extraction manholes

			
	M-7 Weiland Road Landfill Pump Station	  		  	 •      Pump and Motor

•      Level System

•      Flownmeter

  
 -2- 

 GROUNDWATER WELL ASSET DESCRIPTION AND LISTING 

Description 
 Over 800 conventional groundwater
monitoring and extraction wells of varying depths throughout the EBP facility and in off-site locations. Monitoring wells include casings, risers, screened intervals, surface mounts, caps and locks. 

Groundwater Well Asset Identification Numbers 
  

									
	 G1B115SR
 G1B117NE

G1B119W
 G1B126SW

G1B137S
 G1B137S2

G1B142SR
 G1B148S

G1B314S
 G1B331SW

G1B349NW
 G1B352NW2

G1BD20W2
 G1BD20WR

G1ES10R
 G1ES2

G1ES3R
 G1ES4R

G1ESR
 G1L50S

G1L50S2R
 G1L50SW2R

G1WS15
 G2B115SR

G2B117NE
 G2B119W

G2B126SW
 G2B136S

G2B136S2
 G2B136S3

G2B136S5
 G2B137S

G2B137S2
 G2B137SW

G2B140W
 G2B142SR

G2B148S
 G2B314S

G2B331SW
 G2B349NW

G2B352NW2
 G2B59E

G2B62SE
	 	 G2BD20W2
 G2BD20WR

G2ES10
 G2ES2

G2ES4
 G2ESR

G2L50S2R
 G2L50SW

G2L50SW2R
 G2L50SWR

G2L72SE
 G2WRNW

G2WS15
 GB101SW

GB102S
 GB104SE

GB105E
 GB105NE

GB105SE2
 GB105SER

GB105SW
 GB110S

GB112W
 GB114SW

GB114SW2
 GB115E

GB115N
 GB115SE2

GB115W
 GB119E

GB119N
 GB119NE

GB119NW
 GB119S

GB119W2R
 GB119W3

GB120E
 GB120NW

GB120SE
 GB120SW

GB120SW2
 GB120SW3
	 	 GB121N
 GB121SW

GB122SW
 GB123NE

GB129NW
 GB129SE

GB130SW
 GB134E

GB135NER
 GB135NW

GB135SE
 GB136S6

GB136SR
 GB137SW

GB140E
 GB140W

GB142W
 GB143SE

GB145NW
 GB145SE

GB151SE
 GB153NE

GB16N
 GB201NW

GB202NER
 GB203W

GB204NW
 GB205NE

GB206E
 GB206NE

GB206NW2
 GB206SW

GB207E
 GB208NE2

GB211NE
 GB212NW

GB213NE
 GB214N

GB216W
 GB218E

GB218NE
 GB218NW

GB218SE
	 	 GB21N
 GB23SW

GB28NW
 GB2N

GB302E
 GB303SE

GB304NW
 GB305N

GB307E
 GB308E

GB308N
 GB309SW

GB30NE
 GB310SW

GB313W
 GB317N

GB317NE
 GB317NW

GB318SW
 GB319N

GB322NE2
 GB322SW

GB324NER
 GB326SWR

GB327E
 GB328N

GB329E
 GB329NEZ

GB329NW
 GB329S

GB329SE3
 GB329SW3

GB329W
 GB330N

GB332EZ
 GB332NE

GB333NEZ
 GB333NW

GB333NW2
 GB339E

GB349N2Z
 GB349N3Z

GB349NW2Z
	  	 GB349NW3Z
 GB349W

GB34SE
 GB350NE

GB350NWR
 GB351SWZ

GB352NW
 GB38NW

GB46NR
 GB49NE

GB53NER
 GB54SE

GB58NER
 GB59E

GB62SE
 GB69N

GB9E
 GBD20W3

GBD3E
 GBM32N

GBM41SW
 GES16

GES17
 GES7

GL12NW
 GL15E

GL15N
 GL15S

GL18S
 GL28W

GL42SE
 GL42SE2

GL42SR
 GL45WR

GL47N
 GL50N

GL50N2
 GL50NE2

GL50NW
 GL50NW3

GL50SE2R
 GL50SW3R

GL54NE

  
 -3- 

									
	 GL55N
 GL56NW

GL60N
 GL72SE

GL72SW
 GL73S

GL76S
 GM5

GMN4
 GMN5

GMN6
 GMW12

GMW13
 GMW14

GQB101SW
 GQB105E

GQB105NE
 GQB112W

GQB114SW
 GQB115E

GQB115N
 GQB115SR

GQB115W
 GQB119S

GQB120NW
 GQB120SW2

GQB120SW3
 GQB121N

GQB121SW
 GQB122SW

GQB123NE
 GQB126SW

GQB129NW
 GQB129SE

GQB129SW
 GQB130SW

GQB134E
 GQB135E2

GQB135NW
 GQB137SW

GQB140E
 GQB140W

GQB142SR
 GQB142W

GQB143SE
 GQB148S

GQB16E
 GQB206NE

GQB208NE2
 GQB218E
	  	 GQB218NE
 GQB218NW

GQB218SE
 GQB23SW

GQB304NW
 GQB308E

GQB310SW
 GQB317N

GQB317NE
 GQB322NE2

GQB328N
 GQB329NE

GQB329NW
 GQB329SE3

GQB329W
 GQB330N

GQB350NW
 GQB49NE

GQB57N
 GQB58NE

GQB65SE
 GQB69N

GQB81E
 GQBD20W2

GQBD20W3
 GQBD20WR

GQBD3E
 GQES10

GQES13
 GQES16

GQES19
 GQES3

GQES4
 GQL15E

GQL15N
 GQL15S

GQL41E
 GQL50N2

GQL50NE
 GQL50NE2

GQL50NW3
 GQL50S2R

GQL50S3
 GQL50SE2R

GQL50SE3
 GQL50SW2R

GQL50SW3R
 GQL72SW

GQL76S
 GQWN1
	  	 GQWN2
 GQWRE

GQWRSE
 GQWRW2

GQWS12
 GQWS13

GQWS15
 GQWS17

GQWS3
 GQWS5

GQWS9
 GTCS

GW-5
 GWN1

GWN3
 GWN4

GWN5
 GWN6

GWRNE
 GWRNW

GWRNW2
 GWRNW3Z1

GWRNW3Z2
 GWRS4

GWRSE
 GWRSW

GWRW
 GWRW2Z1

GWRW2Z2
 GWS12

GWS14
 GWS16

GWS5
 IB205NE

IB320SE
 IB502E

IB502E2
 IB502E3

IB502E4
 IB502E5

IB502E6
 IB502E7

IB502E8
 IB502N

IB502NE2
 IB502NE3

IB502SE2
 IB502SE3

IB502SE5
	  	 IB502W
 IB605NE5

IB62SE
 IB642NE

IB642NW
 IBE24E

IBE24NE
 IBE24NW

IES
 IES10

IES13
 IES2

IES3
 IES4

IES7
 IES9

IPL82SW
 IWRNW2

IWRS3
 IWRS4

IWS10
 IWS11

IWS12
 IWS13

IWS3
 IWS4R

IWS5
 LSL73S2

LSWRS4
 M3

M4
 M6

ML73S2
 MTGWS13

MW-17
 MWS12R

PB115N
 PB119ER

PB119NER
 PB135ER

PB136S
 PB143NW

PB218N
 PB303SW

PB303W2
 PB307E2

PB307N3
 PB319N

PB322NE2
 PB322NE4
	  	 PB323SE2
 PB326SW5

PB326SW6
 PB326SW9

PB326SWR
 PB329E2

PB349N
 PB350NE2

PB350NW
 PB53N2

PB54NW
 PB54SE

PB57W
 PL15W

PL41N
 PL41S

PL42E
 PL42W

PL50N2
 PL50N3

PL50NW3
 PL50W

PL54E
 PL54NE

PL54NE2
 PL54W

PL73N
 PWRNW3

PWRW2
 Q1B16E

Q1L28W
 Q2B16E

Q2L27NW
 Q2L28W

Q2L42NE2
 Q2L42NW

Q2L45N
 QB105NE

QB115N
 QB115SE

QB119NE
 QB120NW

QB120SW2
 QB123NE

QB129NW
 QB129SE

QB130SW
 QB135SE

QB142S

QB16N

  
 -4- 

									
	 QB46N
 QB53NER

QB54NW
 QB54SER

QB57NR2
 QB81E

QL12NWR
 QL14SWR

QL27NW
 QL41E

QL41N2Z
 QL41S2Z

QL42NE2
 QL42NW

QL42SE2Z
 QL42SE3Z

QL42SER
 QL42SR

QL45N
 QL50SR

R2B502SE
 RB320SE

RB502E
 RB502NE

RB502NW
 RB502SE

RB507NW
 RB508SW

RB514S2
 RB514S5

RB601NW
 RB601S

RB605NE
 RB605NE2

RB605NE3
 RB605NE4

RB605SE2
 RB642N

RB701W
 RCPE5

RCPW6
 RWRSE

S1B307E
 S1B307W

S1B312NW
 S1B313W

S1B331SW
 S1B99W

S1WRE
 S2B307E
	  	 S2B307W
 S2B312NW

S2B313W
 S2B331SW

S2B91W
 S2B93NE

S2B99W
 S2WRE

SB101SW
 SB102S

SB102W
 SB105NE

SB105SER
 SB108SW

SB110N
 SB110NE

SB110NW
 SB110S

SB110SE
 SB112W

SB114SWR
 SB115E

SB115N2R
 SB115S

SB115SW
 SB115W

SB117NE
 SB119NE

SB119NE2
 SB119NW

SB119S
 SB119SW

SB119W
 SB119W4R

SB120E
 SB120NW

SB120SW
 SB120SW2

SB121N
 SB121SW

SB122SW
 SB123NE

SB126SW
 SB129NW

SB129SE
 SB129W

SB12NE
 SB130SW

SB134E
 SB135E2
	  	 SB135E3
 SB135N

SB135NE
 SB135S

SB135SER
 SB135W

SB137S
 SB137S2

SB137SW
 SB139SW

SB140E
 SB140W

SB142WR
 SB143N

SB143S
 SB143SE

SB143SW
 SB145N

SB145NE
 SB145NW

SB145S
 SB145SE

SB148S
 SB14NW

SB151SER
 SB153NE

SB156SW
 SB16N2

SB18S2
 SB18SE

SB18SWR
 SB201NW

SB202NE
 SB202W

SB203S
 SB203W

SB204NW
 SB205NE

SB206E
 SB206NE

SB206NW
 SB206NW2

SB206S
 SB206S2

SB206S3
 SB206S4

SB206SE
 SB206SWR

SB206W
 SB208NE2
	  	 SB209NW
 SB211NE

SB211SE
 SB212NE2

SB212NW
 SB213E

SB213NE
 SB214E

SB214N
 SB216ER

SB218ER
 SB218N

SB218NE
 SB218NW

SB218NW2
 SB218NW5

SB218SE
 SB218SW

SB218W
 SB218W2

SB218W3
 SB21NR

SB23SWR
 SB28NWR

SB29SE
 SB2NR

SB301SE
 SB301W

SB302E
 SB302W

SB303SE
 SB303W

SB304NW
 SB305W

SB306SW
 SB306W

SB307N
 SB307N2

SB307S
 SB308E

SB308E2
 SB308E3

SB308N
 SB308N2

SB308NE
 SB308SE

SB309E
 SB309S

SB309SW
 SB30NE
	  	 SB310SW
 SB313SW

SB314NW
 SB314S

SB314S2
 SB317N

SB317NE
 SB317NW

SB317S
 SB318SW

SB319N
 SB319NZ

SB320SE
 SB322NE

SB322NE2
 SB322NE3

SB322W
 SB323SE

SB324N2Z
 SB324NER

SB324NZ
 SB325W

SB326SW10
 SB326SW2

SB326SW3
 SB326SW4

SB326SW7
 SB326SW8

SB327E
 SB328N

SB329ER
 SB329NWR

SB329W
 SB330N

SB331SW2
 SB332NE

SB333NE
 SB333NW

SB333NW2
 SB333W

SB339E
 SB339NE

SB340NE
 SB349NW

SB349W
 SB350NE

SB350NWR
 SB350NWZ

SB351SWR

SB352NW

  
 -5- 

									
	 SB352NW2R
 SB352NW2Z

SB352NW3
 SB352NWZ

SB352SW
 SB38NWR

SB48N
 SB48NW

SB48SE
 SB48W

SB49NE
 SB502E10

SB502E11
 SB502E12

SB502E13
 SB502E9

SB502SE4
 SB503NE

SB506E
 SB506N

SB506NE
 SB506NE2

SB506NE3
 SB506SE

SB506SW
 SB511NE

SB511NE2
 SB514C

SB514E
 SB514N

SB514N2
 SB514NE

SB514NW
 SB514S

SB514S3
 SB514S4

SB514S6
 SB514SE

SB514SE2
	  	 SB514SW
 SB514W

SB514W10
 SB514W11

SB514W12
 SB514W13

SB514W2
 SB514W3

SB514W4
 SB514W5

SB514W6
 SB514W7

SB514W8
 SB514W9

SB53SWR
 SB54NW

SB54SER
 SB57WR

SB58NE
 SB59E

SB601S3
 SB604E

SB604E3
 SB604SW

SB605SE
 SB62SER

SB65SE
 SB701S

SB701W
 SB91S

SB91W
 SB93NE

SB93NE2
 SB97S

SBD20W
 SBD20W2

SBD20W3
	  	 SBD27S
 SBD3E

SBE24SW
 SBM32N

SBM41NW
 SBM41SE

SBM41SE2
 SBM41SW

SBM41W
 SBS26SB1

SBS26SB2
 SBS26SB3

SCL1
 SES15

SES16
 SES17

SES2
 SES5

SES6
 SES8

SL11NE
 SL12NW

SL14NE
 SL14SW

SL15E
 SL15S

SL17N
 SL18S

SL18SW
 SL27NW

SL40NW2R
 SL40NW3R

SL40NW4
 SL40NW5

SL40NW6
 SL40NW7

SL40NWR
 SL42N

SL42NE
	  	 SL42NE2
 SL42NW

SL42S
 SL42SE

SL42SE2
 SL42W

SL43SW
 SL45N

SL45S
 SL45WR

SL46W
 SL47NR

SL50N
 SL50N2

SL50NE2
 SL50NW2

SL50NW3
 SL50NW4

SL50S
 SL50S2

SL50SE2
 SL50SW

SL50SW2
 SL50SW3

SL53N
 SL55N

SL56NW
 SL60N

SL61N
 SL61NE

SL61NE2
 SL61S

SL72SE
 SL72SW

SL73NWZ
 SL73NZ

SL73WZ
 SL74NE

SL76S
	  	 SM5
 SMN1

SMN10
 SMN11

SMN2
 SMN3

SMN4
 SMN5

SMN6
 SMN7

SMN8
 SMN9

STCS
 STCS2

SWN4
 SWN5

SWN6
 SWRNE

SWRNW
 SWRNW2

SWRSE
 SWRSEZ

SWRSW
 SWRSWZ

SWRSZ1
 SWRSZ2

SWRWR
 SWRZ

SWS
 SWS2

SWS6
 SWS7

SWS8
 SWS9

SXSW1

WTCS2

  
 -6-EX-10.11

 *** - Certain confidential information contained in this document has been omitted from public filing
pursuant to a request for confidential treatment submitted to the U.S. Securities and Exchange Commission. The omitted information, which has been identified with the symbol “***,” has been filed separately with the U.S. Securities and
Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. 
  

Exhibit 10.11 
  
 

 
 July 30, 2013 
 Douglas
Edwards 
 *** 
 *** 

 

	Re:	Employment Agreement 

 Dear Douglas: 

This is your employment agreement (this “Agreement”) with Eastman Kodak Company, a New Jersey corporation (the
“Company”). 
  

	1.	Terms Schedule 

 Some of the terms of your employment are in the attached schedule (your
“Schedule”), which is part of this Agreement. 
  

	2.	Scheduled Term 

 Subject to your continued employment with the Company upon the
occurrence of the “Effective Date” (as defined under the Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code filed by the Company (the “Plan of Reorganization”)), the term of this Agreement will
begin on the Effective Date and end as stated in your Schedule (your “Scheduled Term”). 
  

	3.	Your Position, Performance and Other Activities 

 (a) Position. You will be
employed in the position stated in your Schedule. 
 (b) Authority, Responsibilities, and Reporting. Your authority, responsibilities
and reporting relationships will correspond to your position and will include any particular authority, responsibilities and reporting relationships that the Company’s Board of Directors (the “Board”) or any officer of the
Company to whom you report may assign to you from time to time. 
 (c) Performance. You are expected to devote your best efforts and
all of your business time to the affairs of the Company. You may, however, engage in any charitable, civic and community activities, provided, however, such activities do not materially interfere with your duties and responsibilities. 

	4.	Your Compensation 

 (a) Salary. You will receive an annual base salary (your
“Salary”). Commencing on the Effective Date, your Salary will be the amount set forth in your Schedule. Your Salary will be paid in accordance with the Company’s normal payroll practices. 

(b) Annual Incentive. You will be eligible to participate in the Company’s short-term variable pay plan for its management level
employees, known as Executive Compensation for Excellence and Leadership (“EXCEL”) (your “Annual Incentive”). Your annual target award under EXCEL will be determined in accordance with your Schedule. Any actual award in a
given annual performance period will depend upon performance against corporate goals selected by management and approved by the appropriate committee of the Board and will be paid in the discretion of such committee and management. The terms of the
EXCEL plan itself govern and control all interpretations of the plan. 
 (c) Long-Term Incentive Awards. You will be eligible to
participate in the Company’s Long-Term Incentive (LTI) program under the Eastman Kodak Company 2013 Omnibus Incentive Plan (the “Omnibus Plan”). The amount and form of the award (the “Long-Term Equity Award”)
to be granted to you will be determined by the Company in accordance with the terms of the Omnibus Plan and your Schedule. The specific terms, conditions and restrictions on any Long-Term Equity Award will be contained in the Administrative Guide
and Award Notice delivered to you within twenty (20) business days of the grant date. 
 (d) Emergence Award. On or shortly
after the Effective Date, you will be granted the emergence equity award stated in your Schedule, which will be subject to the terms and conditions set forth in the Omnibus Plan and the applicable award agreement. 

 

	5.	Your Benefits 

 (a) Employee Benefit Plans. During your employment, you will be
entitled to participate in the Company’s employee benefit plans, including plans that provide retirement and welfare benefits. 
 (b)
Vacation. You will be entitled to paid annual vacation on the same basis as immediately prior to the Effective Date. 
 (c)
Additional Benefits. During your employment, you will be provided any additional benefits stated in your Schedule. 
  

	6.	Termination of Your Employment; End of Scheduled Term 

 (a) No Reason Required.
Neither you nor the Company is under any obligation to continue your employment beyond the Scheduled Term. In addition, you or the Company may terminate your employment early at any time for any reason, or for no reason, subject to compliance with
Section 6(c). 
 (b) Related Definitions. 

(1) “Cause” means any of the following: (A) your continued failure, for a period of at least 30 calendar
days following a written warning, to perform your 

  
 -2- 

 
duties in a manner deemed satisfactory by your supervisor, in the exercise of his or her sole discretion; (B) your failure to follow a lawful written directive of the Chief Executive
Officer, your supervisor or the Board; (C) your willful violation of any material rule, regulation, or policy that may be established from time to time for the conduct of the Company’s business; (D) your unlawful possession, use or
sale of narcotics or other controlled substances, or performing job duties while illegally used controlled substances are present in your system; (E) any act or omission or commission by you in the scope of your employment (a) which
results in the assessment of a civil or criminal penalty against you or the Company, or (b) which in the reasonable judgment of your supervisor could result in a material violation of any foreign or U.S. federal, state or local law or
regulation having the force of law; (F) your conviction of or plea of guilty or no contest to any crime involving moral turpitude; (G) any misrepresentation of a material fact to, or concealment of a material fact from, your supervisor or
any other person in the Company to whom you have a reporting relationship in any capacity; or (H) your breach of the Company’s Business Conduct Guide or the Eastman Kodak Company Employee’s Agreement. 

(2) “Disability” means disability under the terms of the Company’s Long-Term Disability Plan. 

(3) “Good Reason” means any of the following: (A) a material diminution in your total target cash
compensation, comprised of your Salary and target Annual Incentive; (B) a material diminution in your authority or responsibilities as provided in Section 3(b); (C) the transfer of your primary work site to a new primary work site
that increases your one-way commute to work by more than 35 miles; (D) any material breach of this Agreement by the Company; or (E) any purported termination by the Company of your employment other than as expressly permitted by this
Agreement. 
 (c) Advance Notice Generally Required. 

(1) To terminate your employment before the end of the Scheduled Term, either you or the Company must provide a Termination
Notice to the other. A “Termination Notice” is a written notice that states the specific provision of this Agreement on which termination is based, including, if applicable, the specific clause of the definition of Cause or Good
Reason and a reasonably detailed description of the facts that permit termination under that clause; provided, that the failure to include any fact in a Termination Notice that contributes to a showing of Cause or Good Reason does not
preclude either party from asserting that fact in enforcing its rights under this Agreement. 
 If you do not give a
Termination Notice within 90 days after you have knowledge that an event constituting Good Reason has occurred, the event will no longer constitute Good Reason. In addition, you must give the Company 30 days to cure the first event constituting Good
Reason. 
 (2) You and the Company agree to provide at least 30 days’ advance Termination Notice of any termination,
unless your employment is terminated by the Company for Cause or because of your Disability or death. If you die or become Disabled after you provide a valid Termination Notice with Good Reason or the Company provides Termination Notice
without Cause, your termination will be treated as a termination with Good Reason or without Cause, effective as of the date of your Disability or death. 

  
 -3- 

 Following receipt of such notice, the Company may, at its sole discretion, choose
to either (1) waive that notice period (thereby immediately terminating your employment) or (2) place you on paid leave, at your then-current salary for any or all of the notice period. 

(d) With Good Reason or Without Cause. If, during the Scheduled Term, the Company terminates your employment without Cause or you
terminate your employment with Good Reason: 
 (1) The Company will pay the following as of the end of your employment:
(A) accrued but unpaid Salary up to the last day of your employment, (B) your Salary for any accrued but unused vacation, and (C) any accrued expense reimbursements and other cash entitlements (including for accrued expense
reimbursement for which supporting documentation is submitted within 30 days after termination of your employment) (together, your “Accrued Compensation”). In addition, the Company will timely pay you any amounts and provide you any
benefits that are required, or to which you are entitled, under any plan, contract or arrangement of the Company as of the end of your employment (together, the “Other Benefits”). 

(2) The Company will pay you severance (“Severance Payments”) in an amount equal to (A) the sum of your
Salary and your annual target Annual Incentive for the fiscal year in which the Termination Notice is given (or if such target Annual Incentive has not yet been established for such fiscal year, the target Annual Incentive for the fiscal year prior
to the year in which the Termination Notice is given) multiplied by (B) the severance multiplier provided on your Schedule (your “Severance Multiplier”). 

(3) Your Annual Incentive will be governed by the terms of the EXCEL plan and any applicable Administrative Guide or Award
Notice. 
 (4) Your Emergence Award and Long-Term Equity Awards will continue to vest and remain exercisable according to the
terms of the applicable award, in each case without regard to any continued employment condition. The benefits in this Section 6(d)(4) are referred to as “Continued Vesting”. 

(e) For Cause or without Good Reason. If the Company terminates your employment for Cause or you terminate your employment without Good
Reason, the Company will pay your Accrued Compensation and your Other Benefits; however, in connection with any termination of your employment by you without Good Reason, you will remain eligible for continued vesting and/or payment of your
Emergence Award and any other equity-based compensation awarded by the Company or any affiliate, in accordance with the terms of such awards. 

(f) For Your Disability or Death. If, during the Scheduled Term, your employment terminates as a result of your Disability or death,
the Company will pay your Accrued Compensation and will provide Continued Vesting and your Other Benefits. 

  
 -4- 

 (g) Benefits Bearing. In no event shall any of the severance payments or benefits provided
under this Section 6 be “benefits bearing.” 
 (h) Clawback. In the event you breach any of the terms of the Eastman
Kodak Company Employees’ Agreement, this Agreement or the release described in Section 6(i) below, in addition to and not in lieu of any other remedies that the Company may pursue against you, no further severance payments will be made to
you pursuant to this Section 6 and you agree to immediately repay to the Company all moneys previously paid to you pursuant to this Section 6. 

(i) Timing. The benefits provided in this Section 6 will begin at the end of your employment, and any cash payments owed to you
under this Section 6 will be paid in one lump sum 65 days following your date of termination except for Severance Payments, which will be made consistently with the Company’s normal payroll cycles and begin as soon as administratively
practicable after your separation from service subject to Section 6(j). Notwithstanding the foregoing, any Severance Payments and any Continued Vesting will only be provided if, at the time of your termination, you provide a release of any and
all claims you may have with respect to the Company (other than the benefits provided in Section 5 and the other rights under this Agreement that continue following your employment) in a form provided by the Company such that you have taken all
action necessary for such release to become effective and irrevocable no later than 65 days following your date of termination. The Termination Allowance Plan (“TAP”) provides broad-based severance benefits to eligible Company employees.
In accordance with the terms of TAP, you acknowledge that the amount of TAP benefits for which you may become eligible is calculated by reducing the benefit determined under the TAP formula by the Severance Payments under this Agreement. Since the
Severance Payments (a minimum of one year’s base salary) exceed the maximum benefit payable under TAP (six month’s base salary), you agree that if you become eligible for Severance Payments under this Agreement you will not be entitled to
TAP benefits. Should a court nevertheless award you TAP benefits in such circumstances, you agree that the amount of Severance Payments will be reduced by such award and be immediately repaid to the Company. 

(j) Section 409A. This Agreement is intended to comply with or be exempt from the requirements of Section 409A of the Code
(“Section 409A”) with respect to amounts, if any, subject thereto and shall be interpreted, construed and performed consistent with such intent. To the extent you would otherwise be entitled to any payment that under this Agreement,
or any plan or arrangement of the Company or its affiliates, constitutes “deferred compensation” subject to Section 409A, and that if paid during the six months beginning on the date of termination of your employment would be subject
to the Section 409A additional tax because you are a “specified employee” (within the meaning of Section 409A and as determined by the Company), the payment, together with any earnings on it, will be paid to you on the earlier of
the six-month anniversary of your date of termination or your death. Similarly, to the extent you would otherwise be entitled to any benefit (other than a payment) during the six months beginning on termination of your employment that would be
subject to the Section 409A additional tax, the benefit will be delayed and will begin being provided (together, if applicable, with an adjustment to compensate you for the delay) on the earlier of the six-month anniversary of your date of
termination or your death or change in control (within the meaning of Section 409A). In addition, any payment or benefit due upon a termination of your employment that represents “deferred compensation” subject to Section 409A
shall be paid or provided to you only upon a “separation from service” as defined in Treas. Reg. § 1.409A-1(h). Each payment under this Agreement shall be deemed to be a separate payment for purposes of

  
 -5- 

 
Section 409A, amounts payable under Sections 6(d)(1) and 6(d)(2) shall be deemed not to be “deferred compensation” subject to Section 409A to the extent provided in the
exceptions in Treas. Reg. Sections 1.409A-1(b)(4) (“short-term deferrals”) and (b)(9) (“separation pay plans,” including the exception under subparagraph (iii)) and other applicable provisions of Treas. Reg. Section 1.409A-1
through A-6. 
 Notwithstanding anything to the contrary in this Agreement or elsewhere, any payment or benefit under this Agreement or
otherwise that is exempt from Section 409A pursuant to Treas. Reg. Section 1.409A-1(b)(9)(v)(A) or (C) shall be paid or provided to you only to the extent that the expenses are not incurred, or the benefits are not provided, beyond
the last day of your second taxable year following your taxable year in which the “separation from service” occurs; and provided further that such expenses are reimbursed no later than the last day of your third taxable year
following the taxable year in which your “separation from service” occurs. Except as otherwise expressly provided herein, to the extent any expense reimbursement or the provision of any in-kind benefit under this Agreement is
determined to be subject to Section 409A, the amount of any such expenses eligible for reimbursement, or the provision of any in-kind benefit, in one calendar year shall not affect the expenses eligible for reimbursement in any other taxable
year (except for any life-time or other aggregate limitation applicable to medical expenses), in no event shall any expenses be reimbursed after the last day of the calendar year following the calendar year in which you incurred such expenses, and
in no event shall any right to reimbursement or the provision of any in-kind benefit be subject to liquidation or exchange for another benefit. 

(k) End of Scheduled Term. If your employment with the Company continues at the end of your Scheduled Term, the provisions of
Section 3 through this Section 6 will cease to apply and you will continue as an at-will employee of the Company. The remaining provisions of this Agreement will continue in accordance with their terms. 

 

	7.	On-going Restrictions on Your Activities 

 (a) Employee’s Agreement. You
acknowledge and agree that your Eastman Kodak Company Employee’s Agreement is and will remain in full force and effect, including, without limitation, the provisions therein regarding nondisclosure of confidential information, non-competition
with the Company during, and for up to eighteen (18) months following any termination of, your employment and non-solicitation of Company employees, customers and suppliers during, and for up to twelve (12) months following any termination
of, your employment. 
 (b) Your Importance to the Company and the Effect of this Section 7. You acknowledge that: 

(1) In the course of your involvement in the Company’s activities, you will have access to confidential information and
the Company’s client base and will profit from the goodwill associated with the Company. On the other hand, in view of your access to confidential information and your importance to the Company, if you compete with the Company for some time
after your employment, the Company will likely suffer significant harm. In return for the benefits you will receive from the Company and to induce the Company to enter into this Agreement, and in light of the potential harm you could cause the
Company, you agree to the provisions of this Section 7. The Company would not have entered into this Agreement if you did not agree to this Section 7. 

(2) This Section 7 may limit your ability to earn a livelihood. You acknowledge, however, that complying with this
Section 7 will not result in severe economic hardship for you or your family. 

  
 -6- 

 (c) Transition Assistance. During the 90 days after Termination Notice has been given, you
will take all actions the Company may reasonably request to maintain for the Company the business, goodwill and business relationships with any Clients. 

(d) Notice to New Employers. Before you accept employment with any other person or entity while your Employee’s Agreement is in
effect, you will provide the prospective employer with written notice of the provisions of the Employee’s Agreement and will deliver a copy of the notice to the Company. 
  

	8.	Effect on Other Agreements 

 (a) Prior Employment Agreements and Severance Rights.
This Agreement will supersede any earlier employment agreement and any earlier severance, change in control or similar rights you may have with any member of the Company. 

(b) Release of Executive Protection Plan Claims. The Eastman Kodak Company Executive Protection Plan (the “ExPP”) was
not assumed pursuant to the Plan of Reorganization. The consideration offered herein is accepted by you as being in full accord, satisfaction, compromise and settlement of any and all claims that you may have against the Company that exist on or
prior to the Effective Date arising out of or concerning amounts that are or may have been due and owing to you pursuant to the ExPP, and you expressly agree that you are not entitled to and will not receive any payments, benefits or other
compensation or recovery of any kind from the Company with respect to the ExPP. 
 (c) Effect on Other Agreements; Entire Agreement.
This Agreement is the entire agreement between you and the Company with respect to the relationship contemplated by this Agreement and supersedes any earlier agreement, written or oral, with respect to the subject matter of this Agreement. In
entering into this Agreement, no party has relied on or made any representation, warranty, inducement, promise or understanding that is not in this Agreement. 
  

	9.	Successors 

 (a) Assignment by You. You may not assign this Agreement without the
Company’s consent. Also, except as required by law, your right to receive payments or benefits under this Agreement may not be subject to execution, attachment, levy or similar process. Any attempt to effect any of the preceding in violation of
this Section 9(a), whether voluntary or involuntary, will be void. 
 (b) Assumption by Any Surviving Company. Before the
effectiveness of any merger, consolidation, statutory share exchange or similar transaction (including an exchange offer combined with a merger or consolidation) involving the Company (a “Reorganization”) or any sale, lease or other
disposition (including by way of a series of transactions or by way of merger, consolidation, stock sale or similar transaction involving one or more subsidiaries) of all or substantially all of the Company’s consolidated assets (a
“Sale”), the Company will cause (1) the Surviving Company to unconditionally assume this Agreement in writing and (2) a copy of the assumption to be provided to you. After the

  
 -7- 

 
Reorganization or Sale, the Surviving Company will be treated for all purposes as the Company under this Agreement. The “Surviving Company” means (i) in a Reorganization,
the entity resulting from the Reorganization or (ii) in a Sale, the entity that has acquired all or substantially all of the assets of the Company. 
  

	10.	General Provisions 

 (a) Administrator. All compensation and benefits provided
under this Agreement will be administered by the Chief Human Resources Officer for the Company (the “Administrator”). The Administrator will have total and exclusive responsibility to control, operate, manage and administer such
compensation and benefits in accordance with their terms and all the authority that may be necessary or helpful to enable him to discharge his responsibilities with respect to them. Without limiting the generality of the preceding sentence, the
Administrator will have the exclusive right to: interpret this Agreement, decide all questions concerning eligibility for and the amount of compensation and benefits payable, construe any ambiguous provision, correct any default, supply any
omission, reconcile any inconsistency, and decide all questions arising in the administration, interpretation and application of this Agreement. The Administrator will have full discretionary authority in all matters related to the discharge of his
responsibilities and the exercise of his authority, including, without limitation, his construction of the terms of this Agreement and his determination of eligibility for compensation and benefits. It is the intent of the parties hereto, that the
decisions of the Administrator and his actions with respect to this Agreement will be final and binding upon all persons having or claiming to have any right or interest in or under this Agreement and that no such decision or actions shall be
modified upon judicial review unless such decision or action is proven to be arbitrary or capricious. 
 (b) Withholding. You and the
Company will treat all payments to you under this Agreement as compensation for services. Accordingly, the Company may withhold from any payment any taxes that are required to be withheld under any law, rule or regulation. 

(c) Confidentiality. You agree to keep the existence of this letter confidential except that you may review it with your financial
advisor, attorney or spouse/partner and with the Administrator. 
 (d) Severability. If any provision of this Agreement is found by
any court of competent jurisdiction (or legally empowered agency) to be illegal, invalid or unenforceable for any reason, then (1) the provision will be amended automatically to the minimum extent necessary to cure the illegality or invalidity
and permit enforcement and (2) the remainder of this Agreement will not be affected. In particular, if any provision of Section 7 is so found to violate law or be unenforceable because it applies for longer than a maximum permitted period
or to greater than a maximum permitted area, it will be automatically amended to apply for the maximum permitted period and maximum permitted area. 

(e) No Set-Off. Your and the Company’s respective obligations under this Agreement will not be affected by any set-off,
counterclaim, recoupment or other right you or any member of the Company may have against each other or anyone else (except as this Agreement specifically states). You do not need to seek other employment or take any other action to mitigate any
amounts owed to you under this Agreement, and those amounts will not be reduced if you do obtain other employment. 

  
 -8- 

 (f) Notices. All notices, requests, demands and other communications under this Agreement
must be in writing and will be deemed given (1) on the business day sent, when delivered by hand or facsimile transmission (with confirmation) during normal business hours, (2) on the business day after the business day sent, if delivered
by a nationally recognized overnight courier or (3) on the third business day after the business day sent if delivered by registered or certified mail, return receipt requested, in each case to the following address or number (or to such other
addresses or numbers as may be specified by notice that conforms to this Section 10(g)): 
 If to you, to the address stated in your
Schedule. 
 If to the Company or any other member of the Company, to: 

Eastman Kodak Company 
 343
State Street 
 Rochester, New York 14650 

Attention: General Counsel 

Facsimile: 585-724-9448 
 (g)
Amendments and Waivers. Any provision of this Agreement may be amended or waived but only if the amendment or waiver is in writing and signed, in the case of an amendment, by you and the Company or, in the case of a waiver, by the party that
would have benefited from the provision waived. Except as this Agreement otherwise provides, no failure or delay by you or the Company to exercise any right or remedy under this Agreement will operate as a waiver, and no partial exercise of any
right or remedy will preclude any further exercise. 
 (h) Jurisdiction; Choice of Forum; Costs. You and the Company irrevocably
submit to the exclusive jurisdiction of any state or federal court located in the County of New York over any controversy or claim arising out of or relating to or concerning this Agreement or any aspect of your employment with the Company
(together, an “Employment Matter”). Both you and the Company (1) acknowledge that the forum stated in this Section 10(i) has a reasonable relation to this Agreement and to the relationship between you and the Company and
that the submission to the forum will apply even if the forum chooses to apply non-forum law, (2) waive, to the extent permitted by law, any objection to personal jurisdiction or to the laying of venue of any action or proceeding covered by
this Section 10(i) in the forum stated in this Section, (3) agree not to commence any such action or proceeding in any forum other than the forum stated in this Section 10(i) and (4)agree that, to the extent permitted by law, a final
and non-appealable judgment in any such action or proceeding in any such court will be conclusive and binding on you and the Company. However, nothing in this Agreement precludes you or the Company from bringing any action or proceeding in any court
for the purpose of enforcing the provisions of this Section 10(i). To the extent permitted by law, the Company will pay or reimburse any reasonable expenses, including reasonable attorney’s fees, you incur as a result of any Employment
Matter. 
 (i) Governing Law. This Agreement will be governed by and construed in accordance with the law of the State of
New York applicable to contracts made and to be performed entirely within that state. 

  
 -9- 

 (j) Counterparts. This Agreement may be executed in counterparts, each of which will
constitute an original and all of which, when taken together, will constitute one agreement. 
  

			
	Very truly yours,
	
	Eastman Kodak Company
	
	

	By:	 	Patrick M. Sheller
		 	General Counsel, Secretary, Chief Administrative Officer And Senior VP, EKC

  

	
	Accepted and agreed:
	
	 /s/ Douglas Edwards

	Douglas Edwards
	
	Date:

  
 -10- 

 CONFIDENTIAL 

TERMS SCHEDULE 
  

			
	Name and address for notices	  	 Douglas Edwards
  

Address currently on file with the Company.

		
	Position	  	You will serve as President, Digital Printing & Enterprise, and Senior VP, EKC.
		
	Scheduled Term	  	Your Scheduled Term begins on the Effective Date and is initially scheduled to end on the 3rd anniversary of the Effective Date.
		
	Starting Salary	  	$450,000
		
	Annual Incentive	  	The target level for your Annual Incentive will be at least 75% of your Salary.
		
	Emergence Award	  	Restricted stock units with a grant date fair value equal to $325,500 that vest in three equal, annual installments beginning on the first anniversary of the Effective Date.
		
	Long-Term Equity Award	  	The target level for your Long-Term Equity Award will be at least $840,000.
		
	Severance Multiplier	  	1.5
		
	Additional Benefits	  	N/A

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