Document:

EX-10.44

 Exhibit 10.44 

BURLINGTON STORES, INC. 
  

 
 2013 OMNIBUS
INCENTIVE PLAN 
  
  

ARTICLE I 
 PURPOSE

 The purpose of this BURLINGTON STORES, INC. 2013 Omnibus Incentive Plan is to enhance the profitability and value of the
Company for the benefit of its stockholders by enabling the Company to offer Eligible Individuals cash and stock-based incentives in order to attract, retain and reward such individuals and strengthen the
mutuality of interests between such individuals and the Company’s stockholders. The Plan is effective as of the date set forth in Article XV. 

ARTICLE II 
 DEFINITIONS

 For purposes of the Plan, the following terms shall have the following meanings: 

2.1 “Affiliate” means each of the following: (a) any Subsidiary; (b) any Parent; (c) any corporation,
trade or business (including, without limitation, a partnership or limited liability company) which is directly or indirectly controlled 50% or more (whether by ownership of stock, assets or an equivalent ownership interest or voting interest) by
the Company or one of its Affiliates; (d) any trade or business (including, without limitation, a partnership or limited liability company) which directly or indirectly controls 50% or more (whether by ownership of stock, assets or an
equivalent ownership interest or voting interest) of the Company; and (e) any other entity in which the Company or any of its Affiliates has a material equity interest and which is designated as an “Affiliate” by resolution of the
Committee; provided that, unless otherwise determined by the Committee, the Common Stock subject to any Award constitutes “service recipient stock” for purposes of Section 409A of the Code or otherwise does not subject the Award to
Section 409A of the Code. 
 2.2 “Award” means any award under the Plan of any Stock Option, Stock Appreciation
Right, Restricted Stock, Performance Award, Other Stock-Based Award or Other Cash-Based Award. All Awards shall be granted by, confirmed by, and subject to the terms of, a written agreement executed by the Company and the Participant. 

2.3 “Award Agreement” means the written or electronic agreement setting forth the terms and conditions applicable to
an Award. 
 2.4 “Board” means the Board of Directors of the Company. 

2.5 “Cause” means, unless otherwise determined by the Committee in the applicable Award Agreement, with respect to a
Participant’s Termination of Employment or Termination of 

 
Consultancy, the following: (a) in the case where there is no employment agreement, consulting agreement, change in control agreement or similar agreement in effect between the Company or an
Affiliate and the Participant at the time of the grant of the Award (or where there is such an agreement but it does not define “cause” (or words of like import)), termination due to a Participant’s insubordination, dishonesty, fraud,
incompetence, moral turpitude, willful misconduct, refusal to perform the Participant’s duties or responsibilities for any reason other than illness or incapacity or materially unsatisfactory performance of the Participant’s duties for the
Company or an Affiliate, as determined by the Committee in its good faith discretion; or (b) in the case where there is an employment agreement, consulting agreement, change in control agreement or similar agreement in effect between the
Company or an Affiliate and the Participant at the time of the grant of the Award that defines “cause” (or words of like import), “cause” as defined under such agreement; provided, however, that with regard to any agreement under
which the definition of “cause” only applies on occurrence of a change in control, such definition of “cause” shall not apply until a change in control actually takes place and then only with regard to a termination thereafter.
With respect to a Participant’s Termination of Directorship, “cause” means an act or failure to act that constitutes cause for removal of a director under applicable Delaware law. 

2.6 “Change in Control” has the meaning set forth in 11.2. 

2.7 “Change in Control Price” has the meaning set forth in Section 11.1. 

2.8 “Code” means the Internal Revenue Code of 1986, as amended. Any reference to any section of the Code shall also be
a reference to any successor provision and any treasury regulation promulgated thereunder. 
 2.9 “Committee” means
any committee of the Board duly authorized by the Board to administer the Plan. If no committee is duly authorized by the Board to administer the Plan, the term “Committee” shall be deemed to refer to the Board for all purposes under the
Plan. 
 2.10 “Common Stock” means the common stock, $0.0001 par value per share, of the Company. 

2.11 “Company” means Burlington Stores, Inc., a Delaware corporation, and its successors by operation of law. 

2.12 “Consultant” means any natural person who is an advisor or consultant to the Company or its Affiliates. 

2.13 “Disability” means, unless otherwise determined by the Committee in the applicable Award Agreement, with respect
to a Participant’s Termination, a permanent and total disability as defined in Section 22(e)(3) of the Code. A Disability shall only be deemed to occur at the time of the determination by the Committee of the Disability. Notwithstanding
the foregoing, for Awards that are subject to Section 409A of the Code, Disability shall mean that a Participant is disabled under Section 409A(a)(2)(C)(i) or (ii) of the Code. 

2.14 “Effective Date” means the effective date of the Plan as defined in Article XV. 

2.15 “Eligible Employees” means each employee of the Company or an Affiliate. 

  
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 2.16 “Eligible Individual” means an Eligible Employee, Non-Employee
Director or Consultant who is designated by the Committee in its discretion as eligible to receive Awards subject to the conditions set forth herein. 

2.17 “Exchange Act” means the Securities Exchange Act of 1934, as amended. Reference to a specific section of the
Exchange Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or
superseding such section or regulation. 
 2.18 “Fair Market Value” means, for purposes of the Plan, unless
otherwise required by any applicable provision of the Code or any regulations issued thereunder, as of any date and except as provided below, the last sales price reported for the Common Stock on the applicable date: (a) as reported on the
principal national securities exchange in the United States on which it is then traded or (b) if the Common Stock is not traded, listed or otherwise reported or quoted, the Committee shall determine in good faith the Fair Market Value in
whatever manner it considers appropriate taking into account the requirements of Section 409A of the Code. For purposes of the grant of any Award, the applicable date shall be the trading day immediately prior to the date on which the Award is
granted. For purposes of the exercise of any Award, the applicable date shall be the date a notice of exercise is received by the Committee or, if not a day on which the applicable market is open, the next day that it is open. 

2.19 “Family Member” means “family member” as defined in Section A.1.(a)(5) of the general instructions of
Form S-8. 
 2.20 “Incentive Stock Option” means any Stock Option awarded to an Eligible Employee of the Company,
its Subsidiaries and its Parents (if any) under the Plan intended to be and designated as an “Incentive Stock Option” within the meaning of Section 422 of the Code. 

2.21 “Lead Underwriter” has the meaning set forth in Section 14.20. 

2.22 “Lock-Up Period” has the meaning set forth in Section 14.20. 

2.23 “Non-Employee Director” means a director or a member of the Board of the Company or any Affiliate who is not an
active employee of the Company or any Affiliate. 
 2.24 “Non-Qualified Stock Option” means any Stock Option awarded
under the Plan that is not an Incentive Stock Option. 
 2.25 “Non-Tandem Stock Appreciation Right” shall mean the
right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on
surrender of a Stock Option. 
 2.26 “Other Cash-Based Award” means an Award granted pursuant to Section 10.3
of the Plan and payable in cash at such time or times and subject to such terms and conditions as determined by the Committee in its sole discretion. 

  
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 2.27 “Other Extraordinary Event” has the meaning set forth in
Section 4.2(b). 
 2.28 “Other Stock-Based Award” means an Award under Article X of the Plan that is valued in
whole or in part by reference to, or is payable in or otherwise based on, Common Stock, including, without limitation, an Award valued by reference to an Affiliate. 

2.29 “Parent” means any parent corporation of the Company within the meaning of Section 424(e) of the Code. 

2.30 “Participant” means an Eligible Individual to whom an Award has been granted pursuant to the Plan. 

2.31 “Performance Award” means an Award granted to a Participant pursuant to Article IX hereof contingent upon
achieving certain Performance Goals. 
 2.32 “Performance Goals” means goals established by the Committee as
contingencies for Awards to vest and/or become exercisable or distributable based on one or more of the performance goals set forth in Exhibit A hereto. 

2.33 “Performance Period” means the designated period during which the Performance Goals must be satisfied with
respect to the Award to which the Performance Goals relate. 
 2.34 “Plan” means this Burlington Stores, Inc. 2013
Omnibus Incentive Plan, as amended from time to time. 
 2.35 “Proceeding” has the meaning set forth in
Section 14.9. 
 2.36 “Reference Stock Option” has the meaning set forth in Section 7.1. 

2.37 “Registration Date” means the date on which the Company sells its Common Stock in a bona fide, firm commitment
underwriting pursuant to a registration statement under the Securities Act. 
 2.38 “Restricted Stock” means an
Award of shares of Common Stock under the Plan that is subject to restrictions under Article VIII. 
 2.39 “Restriction
Period” has the meaning set forth in Section 8.3(a) with respect to Restricted Stock. 
 2.40 “Rule
16b-3” means Rule 16b-3 under Section 16(b) of the Exchange Act as then in effect or any successor provision. 

2.41 “Section 4.2 Event” has the meaning set forth in Section 4.2(b). 

2.42 “Section 162(m) of the Code” means the exception for performance-based compensation under Section 162(m) of
the Code and any applicable treasury regulations thereunder. 

  
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 2.43 “Section 409A of the Code” means the nonqualified deferred
compensation rules under Section 409A of the Code and any applicable treasury regulations and other official guidance thereunder. 

2.44 “Securities Act” means the Securities Act of 1933, as amended and all rules and regulations promulgated
thereunder. Reference to a specific section of the Securities Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under such section, and any comparable provision of any future
legislation or regulation amending, supplementing or superseding such section or regulation. 
 2.45 “Stock Appreciation
Right” shall mean the right pursuant to an Award granted under Article VII. 
 2.46 “Stock Option” or
“Option” means any option to purchase shares of Common Stock granted to Eligible Individuals granted pursuant to Article VI. 

2.47 “Subsidiary” means any subsidiary corporation of the Company within the meaning of Section 424(f) of the
Code. 
 2.48 “Tandem Stock Appreciation Right” shall mean the right to surrender to the Company all (or a portion)
of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option
(or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof). 
 2.49
“Ten Percent Stockholder” means a person owning stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company, its Subsidiaries or its Parent. 

2.50 “Termination” means a Termination of Consultancy, Termination of Directorship or Termination of Employment, as
applicable. 
 2.51 “Termination of Consultancy” means: (a) that the Consultant is no longer acting as a
consultant to the Company or an Affiliate; or (b) when an entity which is retaining a Participant as a Consultant ceases to be an Affiliate unless the Participant otherwise is, or thereupon becomes, a Consultant to the Company or another
Affiliate at the time the entity ceases to be an Affiliate. In the event that a Consultant becomes an Eligible Employee or a Non-Employee Director upon the termination of such Consultant’s consultancy,
unless otherwise determined by the Committee, in its sole discretion, no Termination of Consultancy shall be deemed to occur until such time as such Consultant is no longer a Consultant, an Eligible Employee or a
Non-Employee Director. Notwithstanding the foregoing, the Committee may otherwise define Termination of Consultancy in the Award Agreement or, if no rights of a Participant are reduced, may otherwise define
Termination of Consultancy thereafter, provided that any such change to the definition of the term “Termination of Consultancy” does not subject the applicable Award to Section 409A of the Code. 

  
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 2.52 “Termination of Directorship” means that the Non-Employee Director has ceased to be a director of the Company; except that if a Non-Employee Director becomes an Eligible Employee or a Consultant upon the termination of
such Non-Employee Director’s directorship, such Non-Employee Director’s ceasing to be a director of the Company shall not be treated as a Termination of Directorship unless and until the Participant has a Termination of Employment or
Termination of Consultancy, as the case may be. 
 2.53 “Termination of Employment” means: (a) a termination of
employment (for reasons other than a military or personal leave of absence granted by the Company) of a Participant from the Company and its Affiliates; or (b) when an entity which is employing a Participant ceases to be an Affiliate, unless
the Participant otherwise is, or thereupon becomes, employed by the Company or another Affiliate at the time the entity ceases to be an Affiliate. In the event that an Eligible Employee becomes a Consultant or a
Non-Employee Director upon the termination of such Eligible Employee’s employment, unless otherwise determined by the Committee, in its sole discretion, no Termination of Employment shall be deemed to
occur until such time as such Eligible Employee is no longer an Eligible Employee, a Consultant or a Non-Employee Director. Notwithstanding the foregoing, the Committee may otherwise define Termination of
Employment in the Award Agreement or, if no rights of a Participant are reduced, may otherwise define Termination of Employment thereafter, provided that any such change to the definition of the term “Termination of Employment” does not
subject the applicable Award to Section 409A of the Code. 
 2.54 “Transfer” means: (a) when used as
a noun, any direct or indirect transfer, sale, assignment, pledge, hypothecation, encumbrance or other disposition (including the issuance of equity in any entity), whether for value or no value and whether voluntary or involuntary (including by
operation of law), and (b) when used as a verb, to directly or indirectly transfer, sell, assign, pledge, encumber, charge, hypothecate or otherwise dispose of (including the issuance of equity in any entity) whether for value or for no value
and whether voluntarily or involuntarily (including by operation of law). “Transferred” and “Transferable” shall have a correlative meaning. 

2.55 “Transition Period” means the period beginning with the Registration Date and ending as of the earlier of:
(i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and
(ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2). 
 ARTICLE III 

ADMINISTRATION 
 3.1
The Committee. The Plan shall be administered and interpreted by the Committee. To the extent required by applicable law, rule or regulation, it is intended that each member of the Committee shall qualify as (a) a “non-employee
director” under Rule 16b-3, (b) an “outside director” under Section 162(m) of the Code and (c) an “independent director” under the rules of any national securities exchange or national securities association,
as applicable. If it is later determined that one or more members of the Committee do not so qualify, actions taken by the Committee prior to such determination shall be valid despite such failure to qualify. 

  
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 3.2 Grants of Awards. The Committee shall have full authority to grant, pursuant to
the terms of the Plan, to Eligible Individuals: (i) Stock Options, (ii) Stock Appreciation Rights, (iii) Restricted Stock, (iv) Performance Awards; (v) Other Stock-Based Awards; and (vi) Other Cash-Based Awards. In
particular, the Committee shall have the authority: 
 (a) to select the Eligible Individuals to whom Awards may from time to time be granted
hereunder; 
 (b) to determine whether and to what extent Awards, or any combination thereof, are to be granted hereunder to one or more
Eligible Individuals; 
 (c) to determine the number of shares of Common Stock to be covered by each Award granted hereunder; 

(d) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder (including, but not
limited to, the exercise or purchase price (if any), any restriction or limitation, any vesting schedule or acceleration thereof, or any forfeiture restrictions or waiver thereof, regarding any Award and the shares of Common Stock relating thereto,
based on such factors, if any, as the Committee shall determine, in its sole discretion); 
 (e) to determine the amount of cash to be
covered by each Award granted hereunder; 
 (f) to determine whether, to what extent and under what circumstances grants of Options and
other Awards under the Plan are to operate on a tandem basis and/or in conjunction with or apart from other awards made by the Company outside of the Plan; 

(g) to determine whether and under what circumstances a Stock Option may be settled in cash, Common Stock and/or Restricted Stock under
Section 6.4(d); 
 (h) to determine whether a Stock Option is an Incentive Stock Option or
Non-Qualified Stock Option; 
 (i) to determine whether to require a Participant, as a condition of
the granting of any Award, to not sell or otherwise dispose of shares acquired pursuant to the exercise of an Award for a period of time as determined by the Committee, in its sole discretion, following the date of the acquisition or exercise of
such Award; 
 (j) to modify, extend or renew an Award, subject to Article XII and Section 6.4(l), provided, however, that such action
does not subject the Award to Section 409A of the Code without the consent of the Participant; and 
 (k) solely to the extent
permitted by applicable law, to determine whether, to what extent and under what circumstances to provide loans (which may be on a recourse basis and shall bear interest at the rate the Committee shall provide) to Participants in order to exercise
Options under the Plan. 

  
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 3.3 Guidelines. Subject to Article XII hereof, the Committee shall have the
authority to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan and perform all acts, including the delegation of its responsibilities (to the extent permitted by applicable law and applicable stock
exchange rules), as it shall, from time to time, deem advisable; to construe and interpret the terms and provisions of the Plan and any Award issued under the Plan (and any agreements relating thereto); and to otherwise supervise the administration
of the Plan. The Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any agreement relating thereto in the manner and to the extent it shall deem necessary to effectuate the purpose and intent of
the Plan. The Committee may adopt special guidelines and provisions for persons who are residing in or employed in, or subject to, the taxes of, any domestic or foreign jurisdictions to comply with applicable tax and securities laws of such domestic
or foreign jurisdictions. Notwithstanding the foregoing, no action of the Committee under this Section 3.3 shall impair the rights of any Participant without the Participant’s consent. To the extent applicable, the Plan is intended to
comply with the applicable requirements of Rule 16b-3, and with respect to Awards intended to be “performance-based,” the applicable provisions of Section 162(m) of the Code, and the Plan shall be limited, construed and interpreted in
a manner so as to comply therewith. 
 3.4 Decisions Final. Any decision, interpretation or other action made or taken in good
faith by or at the direction of the Company, the Board or the Committee (or any of its members) arising out of or in connection with the Plan shall be within the absolute discretion of all and each of them, as the case may be, and shall be final,
binding and conclusive on the Company and all employees and Participants and their respective heirs, executors, administrators, successors and assigns. 

3.5 Procedures. If the Committee is appointed, the Board shall designate one of the members of the Committee as chairman and the
Committee shall hold meetings, subject to the By-Laws of the Company, at such times and places as it shall deem advisable, including, without limitation, by telephone conference or by written consent to the extent permitted by applicable law. A
majority of the Committee members shall constitute a quorum. All determinations of the Committee shall be made by a majority of its members. Any decision or determination reduced to writing and signed by all of the Committee members in accordance
with the By-Laws of the Company, shall be fully effective as if it had been made by a vote at a meeting duly called and held. The Committee shall keep minutes of its meetings and shall make such rules and regulations for the conduct of its business
as it shall deem advisable. 
 3.6 Designation of Consultants/Liability. 

(a) The Committee may designate employees of the Company and professional advisors to assist the Committee in the administration of the Plan
and (to the extent permitted by applicable law and applicable exchange rules) may grant authority to officers to grant Awards and/or execute agreements or other documents on behalf of the Committee. 

(b) The Committee may employ such legal counsel, consultants and agents as it may deem desirable for the administration of the Plan and may
rely upon any opinion received from any such counsel or consultant and any computation received from any such consultant or agent. Expenses incurred by the Committee or the Board in the engagement of any such counsel,

  
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consultant or agent shall be paid by the Company. The Committee, its members and any person designated pursuant to sub-section (a) above shall not be
liable for any action or determination made in good faith with respect to the Plan. To the maximum extent permitted by applicable law, no officer of the Company or member or former member of the Committee or of the Board shall be liable for any
action or determination made in good faith with respect to the Plan or any Award granted under it. 
 3.7 Indemnification. To
the maximum extent permitted by applicable law and the Certificate of Incorporation and By-Laws of the Company and to the extent not covered by insurance directly insuring such person, each officer or employee of the Company or any Affiliate and
member or former member of the Committee or the Board shall be indemnified and held harmless by the Company against any cost or expense (including reasonable fees of counsel reasonably acceptable to the Committee) or liability (including any sum
paid in settlement of a claim with the approval of the Committee), and advanced amounts necessary to pay the foregoing at the earliest time and to the fullest extent permitted, arising out of any act or omission to act in connection with the
administration of the Plan, except to the extent arising out of such officer’s, employee’s, member’s or former member’s own fraud or bad faith. Such indemnification shall be in addition to any right of indemnification the
employees, officers, directors or members or former officers, directors or members may have under applicable law or under the Certificate of Incorporation or By-Laws of the Company or any Affiliate. Notwithstanding anything else herein, this
indemnification will not apply to the actions or determinations made by an individual with regard to Awards granted to such individual under the Plan. 

ARTICLE IV 
 SHARE
LIMITATION 
 4.1 Shares. (a) The aggregate number of shares of Common Stock that may be issued or used for reference
purposes or with respect to which Awards may be granted under the Plan shall not exceed [—] shares (subject to any increase or decrease pursuant to Section 4.2), which may
be either authorized and unissued Common Stock or Common Stock held in or acquired for the treasury of the Company or both. The maximum number of shares of Common Stock with respect to which Incentive Stock Options may be granted under the Plan
shall be [—] shares. With respect to Stock Appreciation Rights settled in Common Stock, upon settlement, only the number of shares of Common Stock delivered to a Participant
(based on the difference between the Fair Market Value of the shares of Common Stock subject to such Stock Appreciation Right on the date such Stock Appreciation Right is exercised and the exercise price of each Stock Appreciation Right on the date
such Stock Appreciation Right was awarded) shall count against the aggregate and individual share limitations set forth under Sections 4.1(a) and 4.1(b). If any Option, Stock Appreciation Right or Other Stock-Based Awards granted under the Plan
expires, terminates or is canceled for any reason without having been exercised in full, the number of shares of Common Stock underlying any unexercised Award shall again be available for the purpose of Awards under the Plan. If any shares of
Restricted Stock, Performance Awards or Other Stock-Based Awards denominated in shares of Common Stock awarded under the Plan to a Participant are forfeited for any reason, the number of forfeited shares of Restricted Stock, Performance Awards or
Other Stock-Based Awards denominated in shares of Common Stock shall again be available for purposes of Awards under the Plan. If a Tandem Stock Appreciation Right or a Limited Stock Appreciation Right is granted in tandem with an Option, such grant
shall only apply once against 

  
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the maximum number of shares of Common Stock which may be issued under the Plan. Any Award under the Plan settled in cash shall not be counted against the foregoing maximum share limitations.

 (b) Individual Participant Limitations. To the extent required by Section 162(m) of the Code for Awards under the Plan to
qualify as “performance-based compensation,” the following individual Participant limitations shall only apply after the expiration of the Transition Period: 

(i) The maximum number of shares of Common Stock subject to any Award of Stock Options, or Stock Appreciation Rights, or shares of Restricted
Stock, or Other Stock-Based Awards for which the grant of such Award or the lapse of the relevant Restriction Period is subject to the attainment of Performance Goals in accordance with Section 8.3(a)(ii) which may be granted under the Plan
during any fiscal year of the Company to any Participant shall be [—] shares per type of Award (which shall be subject to any further increase or decrease pursuant to Section 4.2), provided that
the maximum number of shares of Common Stock for all types of Awards does not exceed [—] shares (which shall be subject to any further increase or decrease pursuant to Section 4.2) during any
fiscal year of the Company. If a Tandem Stock Appreciation Right is granted or a Limited Stock Appreciation Right is granted in tandem with a Stock Option, it shall apply against the Participant’s individual share limitations for both Stock
Appreciation Rights and Stock Options. 
 (ii) There are no annual individual share limitations applicable to Participants on Restricted
Stock or Other Stock-Based Awards for which the grant, vesting or payment (as applicable) of any such Award is not subject to the attainment of Performance Goals. 

(iii) The maximum number of shares of Common Stock subject to any Performance Award which may be granted under the Plan during any fiscal
year of the Company to any Participant shall be [—] shares (which shall be subject to any further increase or decrease pursuant to Section 4.2) with respect to any fiscal year of the Company.

 (iv) The maximum value of a cash payment made under a Performance Award which may be granted under the Plan with respect to any fiscal
year of the Company to any Participant shall be $[—]. 
 (v) The individual Participant
limitations set forth in this Section 4.1(b) (other than Section 4.1(b)(iii)) shall be cumulative; that is, to the extent that shares of Common Stock for which Awards are permitted to be granted to a Participant during a fiscal year are
not covered by an Award to such Participant in a fiscal year, the number of shares of Common Stock available for Awards to such Participant shall automatically increase in the subsequent fiscal years during the term of the Plan until used. 

4.2 Changes. 

(a) The existence of the Plan and the Awards granted hereunder shall not affect in any way the right or power of the Board or the stockholders
of the Company to make or authorize (i) any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, (ii) any merger or consolidation of the Company or any Affiliate,

  
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(iii) any issuance of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock, (iv) the dissolution or liquidation of the Company or any Affiliate,
(v) any sale or transfer of all or part of the assets or business of the Company or any Affiliate or (vi) any other corporate act or proceeding. 

(b) Subject to the provisions of Section 11.1, if there shall occur any such change in the capital structure of the Company by reason of
any stock split, reverse stock split, stock dividend, subdivision, combination or reclassification of shares that may be issued under the Plan, any recapitalization, any merger, any consolidation, any spin off, any reorganization or any partial or
complete liquidation, or any other corporate transaction or event having an effect similar to any of the foregoing (a “Section 4.2 Event”), then (i) the aggregate number and/or kind of shares that thereafter may be issued under
the Plan, (ii) the number and/or kind of shares or other property (including cash) to be issued upon exercise of an outstanding Award granted under the Plan, and/or (iii) the purchase price thereof, shall be appropriately adjusted. In
addition, subject to Section 11.1, if there shall occur any change in the capital structure or the business of the Company that is not a Section 4.2 Event (an “Other Extraordinary Event”), including by reason of any
extraordinary dividend (whether cash or stock), any conversion, any adjustment, any issuance of any class of securities convertible or exercisable into, or exercisable for, any class of stock, or any sale or transfer of all or substantially all of
the Company’s assets or business, then the Committee, in its sole discretion, may adjust any Award and make such other adjustments to the Plan. Any adjustment pursuant to this Section 4.2 shall be consistent with the applicable
Section 4.2 Event or the applicable Other Extraordinary Event, as the case may be, and in such manner as the Committee may, in its sole discretion, deem appropriate and equitable to prevent substantial dilution or enlargement of the rights
granted to, or available for, Participants under the Plan. Any such adjustment determined by the Committee shall be final, binding and conclusive on the Company and all Participants and their respective heirs, executors, administrators, successors
and permitted assigns. Except as expressly provided in this Section 4.2 or in the applicable Award Agreement, a Participant shall have no rights by reason of any Section 4.2 Event or any Other Extraordinary Event. 

(c) Fractional shares of Common Stock resulting from any adjustment in Awards pursuant to Section 4.2(a) or 4.2(b) shall be aggregated
until, and eliminated at, the time of exercise by rounding-down for fractions less than one-half and rounding-up for fractions equal to or greater than one-half. No cash settlements shall be made with respect to fractional shares eliminated by
rounding. Notice of any adjustment shall be given by the Committee to each Participant whose Award has been adjusted and such adjustment (whether or not such notice is given) shall be effective and binding for all purposes of the Plan. 

4.3 Minimum Purchase Price. Notwithstanding any provision of the Plan to the contrary, if authorized but previously unissued
shares of Common Stock are issued under the Plan, such shares shall not be issued for a consideration that is less than as permitted under applicable law. 

  
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 ARTICLE V 

ELIGIBILITY 
 5.1
General Eligibility. All current and prospective Eligible Individuals are eligible to be granted Awards. Eligibility for the grant of Awards and actual participation in the Plan shall be determined by the Committee in its sole discretion.

 5.2 Incentive Stock Options. Notwithstanding the foregoing, only Eligible Employees of the Company, its Subsidiaries and
its Parent (if any) are eligible to be granted Incentive Stock Options under the Plan. Eligibility for the grant of an Incentive Stock Option and actual participation in the Plan shall be determined by the Committee in its sole discretion. 

5.3 General Requirement. The vesting and exercise of Awards granted to a prospective Eligible Individual are conditioned upon
such individual actually becoming an Eligible Employee, Consultant or Non-Employee Director, respectively. 
 ARTICLE VI 

STOCK OPTIONS 
 6.1
Options. Stock Options may be granted alone or in addition to other Awards granted under the Plan. Each Stock Option granted under the Plan shall be of one of two types: (a) an Incentive Stock Option or (b) a Non-Qualified Stock
Option. 
 6.2 Grants. The Committee shall have the authority to grant to any Eligible Employee one or more Incentive Stock
Options, Non-Qualified Stock Options, or both types of Stock Options. The Committee shall have the authority to grant any Consultant or Non-Employee Director one or more Non-Qualified Stock Options. To the extent that any Stock Option does not
qualify as an Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise), such Stock Option or the portion thereof which does not so qualify shall constitute a separate Non-Qualified Stock Option.

 6.3 Incentive Stock Options. Notwithstanding anything in the Plan to the contrary, no term of the Plan relating to
Incentive Stock Options shall be interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be so exercised, so as to disqualify the Plan under Section 422 of the Code, or, without the consent of the
Participants affected, to disqualify any Incentive Stock Option under such Section 422. 
 6.4 Terms of Options. Options
granted under the Plan shall be subject to the following terms and conditions and shall be in such form and contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Committee shall deem desirable: 

(a) Exercise Price. The exercise price per share of Common Stock subject to a Stock Option shall be determined by the Committee at the
time of grant, provided that the per share exercise price of a Stock Option shall not be less than 100% (or, in the case of an Incentive Stock Option granted to a Ten Percent Stockholder, 110%) of the Fair Market Value of the Common Stock at the
time of grant. 

  
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 (b) Stock Option Term. The term of each Stock Option shall be fixed by the Committee,
provided that no Stock Option shall be exercisable more than 10 years after the date the Option is granted; and provided further that the term of an Incentive Stock Option granted to a Ten Percent Stockholder shall not exceed five years. 

(c) Exercisability. Unless otherwise provided by the Committee in accordance with the provisions of this Section 6.4, Stock
Options granted under the Plan shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the time of grant. If the Committee provides, in its discretion, that any Stock Option is
exercisable subject to certain limitations (including, without limitation, that such Stock Option is exercisable only in installments or within certain time periods), the Committee may waive such limitations on the exercisability at any time at or
after the time of grant in whole or in part (including, without limitation, waiver of the installment exercise provisions or acceleration of the time at which such Stock Option may be exercised), based on such factors, if any, as the Committee shall
determine, in its sole discretion. 
 (d) Method of Exercise. Subject to whatever installment exercise and waiting period provisions
apply under Section 6.4(c), to the extent vested, Stock Options may be exercised in whole or in part at any time during the Option term, by giving written notice of exercise to the Company specifying the number of shares of Common Stock to be
purchased. Such notice shall be accompanied by payment in full of the purchase price as follows: (i) in cash or by check, bank draft or money order payable to the order of the Company; (ii) solely to the extent permitted by applicable law,
if the Common Stock is traded on a national securities exchange, and the Committee authorizes, through a procedure whereby the Participant delivers irrevocable instructions to a broker reasonably acceptable to the Committee to deliver promptly to
the Company an amount equal to the purchase price; or (iii) on such other terms and conditions as may be acceptable to the Committee (including, without limitation, having the Company withhold shares of Common Stock issuable upon exercise of
the Stock Option, or by payment in full or in part in the form of Common Stock owned by the Participant, based on the Fair Market Value of the Common Stock on the payment date as determined by the Committee). No shares of Common Stock shall be
issued until payment therefor, as provided herein, has been made or provided for. 
 (e) Non-Transferability of Options. No Stock
Option shall be Transferable by the Participant other than by will or by the laws of descent and distribution, and all Stock Options shall be exercisable, during the Participant’s lifetime, only by the Participant. Notwithstanding the
foregoing, the Committee may determine, in its sole discretion, at the time of grant or thereafter that a Non-Qualified Stock Option that is otherwise not Transferable pursuant to this Section is Transferable to a Family Member in whole or in part
and in such circumstances, and under such conditions, as specified by the Committee. A Non-Qualified Stock Option that is Transferred to a Family Member pursuant to the preceding sentence (i) may not be subsequently Transferred other than by
will or by the laws of descent and distribution and (ii) remains subject to the terms of the Plan and the applicable Award Agreement. Any shares of Common Stock acquired upon the exercise of a Non-Qualified Stock Option by a permissible
transferee of a Non-Qualified Stock Option or a permissible transferee pursuant to a Transfer after the exercise of the Non-Qualified Stock Option shall be subject to the terms of the Plan and the applicable Award Agreement. 

  
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 (f) Termination by Death or Disability. Unless otherwise determined by the Committee at
the time of grant, or if no rights of the Participant are reduced, thereafter, if a Participant’s Termination is by reason of death or Disability, all Stock Options that are held by such Participant that are vested and exercisable at the time
of the Participant’s Termination may be exercised by the Participant (or in the case of the Participant’s death, by the legal representative of the Participant’s estate) at any time within a period of one (1) year from the date
of such Termination, but in no event beyond the expiration of the stated term of such Stock Options; provided, however, that, in the event of a Participant’s Termination by reason of Disability, if the Participant dies within such exercise
period, all unexercised Stock Options held by such Participant shall thereafter be exercisable, to the extent to which they were exercisable at the time of death, for a period of one (1) year from the date of such death, but in no event beyond
the expiration of the stated term of such Stock Options. 
 (g) Involuntary Termination Without Cause. Unless otherwise determined by
the Committee at the time of grant, or if no rights of the Participant are reduced, thereafter, if a Participant’s Termination is by involuntary termination by the Company without Cause, all Stock Options that are held by such Participant that
are vested and exercisable at the time of the Participant’s Termination may be exercised by the Participant at any time within a period of ninety (90) days from the date of such Termination, but in no event beyond the expiration of the
stated term of such Stock Options. 
 (h) Voluntary Resignation. Unless otherwise determined by the Committee at the time of grant,
or if no rights of the Participant are reduced, thereafter, if a Participant’s Termination is voluntary (other than a voluntary termination described in Section 6.4(i)(y) hereof), all Stock Options that are held by such Participant that
are vested and exercisable at the time of the Participant’s Termination may be exercised by the Participant at any time within a period of thirty (30) days from the date of such Termination, but in no event beyond the expiration of the
stated term of such Stock Options. 
 (i) Termination for Cause. Unless otherwise determined by the Committee at the time of grant,
or if no rights of the Participant are reduced, thereafter, if a Participant’s Termination (x) is for Cause or (y) is a voluntary Termination (as provided in Section 6.4(h)) after the occurrence of an event that would be grounds
for a Termination for Cause, all Stock Options, whether vested or not vested, that are held by such Participant shall thereupon terminate and expire as of the date of such Termination. 

(j) Unvested Stock Options. Unless otherwise determined by the Committee at the time of grant, or if no rights of the Participant are
reduced, thereafter, Stock Options that are not vested as of the date of a Participant’s Termination for any reason shall terminate and expire as of the date of such Termination. 

(k) Incentive Stock Option Limitations. To the extent that the aggregate Fair Market Value (determined as of the time of grant) of the
Common Stock with respect to which Incentive Stock Options are exercisable for the first time by an Eligible Employee during any calendar year under the Plan and/or any other stock option plan of the Company, any Subsidiary or any Parent exceeds
$100,000, such Options shall be treated as Non-Qualified Stock Options. In addition, if an Eligible Employee does not remain employed by the Company, any Subsidiary or

  
 14 

 
any Parent at all times from the time an Incentive Stock Option is granted until three months prior to the date of exercise thereof (or such other period as required by applicable law), such
Stock Option shall be treated as a Non-Qualified Stock Option. Should any provision of the Plan not be necessary in order for the Stock Options to qualify as Incentive Stock Options, or should any additional provisions be required, the Committee may
amend the Plan accordingly, without the necessity of obtaining the approval of the stockholders of the Company. 
 (l) Form,
Modification, Extension and Renewal of Stock Options. Subject to the terms and conditions and within the limitations of the Plan, Stock Options shall be evidenced by such form of agreement or grant as is approved by the Committee, and the
Committee may (i) modify, extend or renew outstanding Stock Options granted under the Plan (provided that the rights of a Participant are not reduced without such Participant’s consent and provided further that such action does not subject
the Stock Options to Section 409A of the Code without the consent of the Participant), and (ii) accept the surrender of outstanding Stock Options (to the extent not theretofore exercised) and authorize the granting of new Stock Options in
substitution therefor (to the extent not theretofore exercised). Notwithstanding the foregoing, an outstanding Option may not be modified to reduce the exercise price thereof nor may a new Option at a lower price be substituted for a surrendered
Option (other than adjustments or substitutions in accordance with Section 4.2), unless such action is approved by the stockholders of the Company. 

(m) Deferred Delivery of Common Stock. The Committee may in its discretion permit Participants to defer delivery of Common Stock
acquired pursuant to a Participant’s exercise of an Option in accordance with the terms and conditions established by the Committee in the applicable Award Agreement, which shall be intended to comply with the requirements of Section 409A
of the Code. 
 (n) Early Exercise. The Committee may provide that a Stock Option include a provision whereby the Participant may
elect at any time before the Participant’s Termination to exercise the Stock Option as to any part or all of the shares of Common Stock subject to the Stock Option prior to the full vesting of the Stock Option and such shares shall be subject
to the provisions of Article VIII and be treated as Restricted Stock. Unvested shares of Common Stock so purchased may be subject to a repurchase option in favor of the Company or to any other restriction the Committee determines to be appropriate.

 (o) Other Terms and Conditions. The Committee may include a provision in an Award Agreement providing for the automatic exercise
of a Non-Qualified Stock Option on a cashless basis on the last day of the term of such Option if the Participant has failed to exercise the Non-Qualified Stock Option as of such date, with respect to which the Fair Market Value of the shares of
Common Stock underlying the Non-Qualified Stock Option exceeds the exercise price of such Non-Qualified Stock Option on the date of expiration of such Option, subject to Section 14.4. Stock Options may contain such other provisions, which shall
not be inconsistent with any of the terms of the Plan, as the Committee shall deem appropriate. 

  
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 ARTICLE VII 

STOCK APPRECIATION RIGHTS 

7.1 Tandem Stock Appreciation Rights. Stock Appreciation Rights may be granted in conjunction with all or part of any Stock
Option (a “Reference Stock Option”) granted under the Plan (“Tandem Stock Appreciation Rights”). In the case of a Non-Qualified Stock Option, such rights may be granted either at or after the time of the grant of
such Reference Stock Option. In the case of an Incentive Stock Option, such rights may be granted only at the time of the grant of such Reference Stock Option. 

7.2 Terms and Conditions of Tandem Stock Appreciation Rights. Tandem Stock Appreciation Rights granted hereunder shall be
subject to such terms and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee, and the following: 

(a) Exercise Price. The exercise price per share of Common Stock subject to a Tandem Stock Appreciation Right shall be determined by the
Committee at the time of grant, provided that the per share exercise price of a Tandem Stock Appreciation Right shall not be less than 100% of the Fair Market Value of the Common Stock at the time of grant. 

(b) Term. A Tandem Stock Appreciation Right or applicable portion thereof granted with respect to a Reference Stock Option shall
terminate and no longer be exercisable upon the termination or exercise of the Reference Stock Option, except that, unless otherwise determined by the Committee, in its sole discretion, at the time of grant, a Tandem Stock Appreciation Right granted
with respect to less than the full number of shares covered by the Reference Stock Option shall not be reduced until, and then only to the extent that the exercise or termination of the Reference Stock Option causes, the number of shares covered by
the Tandem Stock Appreciation Right to exceed the number of shares remaining available and unexercised under the Reference Stock Option. 

(c) Exercisability. Tandem Stock Appreciation Rights shall be exercisable only at such time or times and to the extent that the
Reference Stock Options to which they relate shall be exercisable in accordance with the provisions of Article VI, and shall be subject to the provisions of Section 6.4(c). 

(d) Method of Exercise. A Tandem Stock Appreciation Right may be exercised by the Participant by surrendering the applicable portion of
the Reference Stock Option. Upon such exercise and surrender, the Participant shall be entitled to receive an amount determined in the manner prescribed in this Section 7.2. Stock Options which have been so surrendered, in whole or in part,
shall no longer be exercisable to the extent that the related Tandem Stock Appreciation Rights have been exercised. 
 (e) Payment.
Upon the exercise of a Tandem Stock Appreciation Right, a Participant shall be entitled to receive up to, but no more than, an amount in cash and/or Common Stock (as chosen by the Committee in its sole discretion) equal in value to the excess of the
Fair Market Value of one share of Common Stock over the Option exercise price per share specified in the Reference Stock Option agreement multiplied by the number of shares of Common Stock in respect of which the Tandem Stock Appreciation Right
shall have been exercised, with the Committee having the right to determine the form of payment. 

  
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 (f) Deemed Exercise of Reference Stock Option. Upon the exercise of a Tandem Stock
Appreciation Right, the Reference Stock Option or part thereof to which such Stock Appreciation Right is related shall be deemed to have been exercised for the purpose of the limitation set forth in Article IV of the Plan on the number of shares of
Common Stock to be issued under the Plan. 
 (g) Non-Transferability. Tandem Stock Appreciation Rights shall be Transferable only
when and to the extent that the underlying Stock Option would be Transferable under Section 6.4(e) of the Plan. 
 7.3 Non-Tandem
Stock Appreciation Rights. Non-Tandem Stock Appreciation Rights may also be granted without reference to any Stock Options granted under the Plan. 

7.4 Terms and Conditions of Non-Tandem Stock Appreciation Rights. Non-Tandem Stock Appreciation Rights granted hereunder shall
be subject to such terms and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time to time by the Committee, and the following: 

(a) Exercise Price. The exercise price per share of Common Stock subject to a Non-Tandem Stock Appreciation Right shall be determined by
the Committee at the time of grant, provided that the per share exercise price of a Non-Tandem Stock Appreciation Right shall not be less than 100% of the Fair Market Value of the Common Stock at the time of grant. 

(b) Term. The term of each Non-Tandem Stock Appreciation Right shall be fixed by the Committee, but shall not be greater than 10 years
after the date the right is granted. 
 (c) Exercisability. Unless otherwise provided by the Committee in accordance with the
provisions of this Section 7.4, Non-Tandem Stock Appreciation Rights granted under the Plan shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the time of grant. If the
Committee provides, in its discretion, that any such right is exercisable subject to certain limitations (including, without limitation, that it is exercisable only in installments or within certain time periods), the Committee may waive such
limitations on the exercisability at any time at or after grant in whole or in part (including, without limitation, waiver of the installment exercise provisions or acceleration of the time at which such right may be exercised), based on such
factors, if any, as the Committee shall determine, in its sole discretion. 
 (d) Method of Exercise. Subject to whatever installment
exercise and waiting period provisions apply under Section 7.4(c), Non-Tandem Stock Appreciation Rights may be exercised in whole or in part at any time in accordance with the applicable Award Agreement, by giving written notice of exercise to
the Company specifying the number of Non-Tandem Stock Appreciation Rights to be exercised. 
 (e) Payment. Upon the exercise of a
Non-Tandem Stock Appreciation Right a Participant shall be entitled to receive, for each right exercised, up to, but no more than, an 

  
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amount in cash and/or Common Stock (as chosen by the Committee in its sole discretion) equal in value to the excess of the Fair Market Value of one share of Common Stock on the date that the
right is exercised over the Fair Market Value of one share of Common Stock on the date that the right was awarded to the Participant. 
 (f)
Termination. Unless otherwise determined by the Committee at grant or, if no rights of the Participant are reduced, thereafter, subject to the provisions of the applicable Award Agreement and the Plan, upon a Participant’s Termination
for any reason, Non-Tandem Stock Appreciation Rights will remain exercisable following a Participant’s Termination on the same basis as Stock Options would be exercisable following a Participant’s Termination in accordance with the
provisions of Sections 6.4(f) through 6.4(j). 
 (g) Non-Transferability. No Non-Tandem Stock Appreciation Rights shall be
Transferable by the Participant other than by will or by the laws of descent and distribution, and all such rights shall be exercisable, during the Participant’s lifetime, only by the Participant. 

7.5 Limited Stock Appreciation Rights. The Committee may, in its sole discretion, grant Tandem and Non-Tandem Stock Appreciation
Rights either as a general Stock Appreciation Right or as a Limited Stock Appreciation Right. Limited Stock Appreciation Rights may be exercised only upon the occurrence of a Change in Control or such other event as the Committee may, in its sole
discretion, designate at the time of grant or thereafter. Upon the exercise of Limited Stock Appreciation Rights, except as otherwise provided in an Award Agreement, the Participant shall receive in cash and/or Common Stock, as determined by the
Committee, an amount equal to the amount (i) set forth in Section 7.2(e) with respect to Tandem Stock Appreciation Rights, or (ii) set forth in Section 7.4(e) with respect to Non-Tandem Stock Appreciation Rights. 

7.6 Other Terms and Conditions. The Committee may include a provision in an Award Agreement providing for the automatic exercise
of a Stock Appreciation Right on a cashless basis on the last day of the term of such Stock Appreciation Right if the Participant has failed to exercise the Stock Appreciation Right as of such date, with respect to which the Fair Market Value of the
shares of Common Stock underlying the Stock Appreciation Right exceeds the exercise price of such Stock Appreciation Right on the date of expiration of such Stock Appreciation Right, subject to Section 14.4. Stock Appreciation Rights may
contain such other provisions, which shall not be inconsistent with any of the terms of the Plan, as the Committee shall deem appropriate. 

ARTICLE VIII 
 RESTRICTED
STOCK 
 8.1 Awards of Restricted Stock. Shares of Restricted Stock may be issued either alone or in addition to other
Awards granted under the Plan. The Committee shall determine the Eligible Individuals, to whom, and the time or times at which, grants of Restricted Stock shall be made, the number of shares to be awarded, the price (if any) to be paid by the
Participant (subject to Section 8.2), the time or times within which such Awards may be subject to forfeiture, the vesting schedule and rights to acceleration thereof, and all other terms and conditions of the Awards. 

  
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 The Committee may condition the grant or vesting of Restricted Stock upon the attainment of
specified performance targets (including, the Performance Goals) or such other factor as the Committee may determine in its sole discretion, including to comply with the requirements of Section 162(m) of the Code. 

8.2 Awards and Certificates. Eligible Individuals selected to receive Restricted Stock shall not have any right with respect to
such Award, unless and until such Participant has delivered a fully executed copy of the agreement evidencing the Award to the Company, to the extent required by the Committee, and has otherwise complied with the applicable terms and conditions of
such Award. Further, such Award shall be subject to the following conditions: 
 (a) Purchase Price. The purchase price of Restricted
Stock shall be fixed by the Committee. Subject to Section 4.3, the purchase price for shares of Restricted Stock may be zero to the extent permitted by applicable law, and, to the extent not so permitted, such purchase price may not be less
than par value. 
 (b) Acceptance. Awards of Restricted Stock must be accepted within a period of 60 days (or such shorter period as
the Committee may specify at grant) after the grant date, by executing a Restricted Stock agreement and by paying whatever price (if any) the Committee has designated thereunder. 

(c) Legend. Each Participant receiving Restricted Stock shall be issued a stock certificate in respect of such shares of Restricted
Stock, unless the Committee elects to use another system, such as book entries by the transfer agent, as evidencing ownership of shares of Restricted Stock. Such certificate shall be registered in the name of such Participant, and shall, in addition
to such legends required by applicable securities laws, bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award, substantially in the following form: 

“The anticipation, alienation, attachment, sale, transfer, assignment, pledge, encumbrance or charge of the shares of stock represented
hereby are subject to the terms and conditions (including forfeiture) of the Burlington Stores, Inc. (the “Company”) 2013 Omnibus Incentive Plan (the “Plan”) and an Agreement entered into between the registered owner and the
Company dated                     . Copies of such Plan and Agreement are on file at the principal office of the Company.” 

(d) Custody. If stock certificates are issued in respect of shares of Restricted Stock, the Committee may require that any stock
certificates evidencing such shares be held in custody by the Company until the restrictions thereon shall have lapsed, and that, as a condition of any grant of Restricted Stock, the Participant shall have delivered a duly signed stock power or
other instruments of assignment (including a power of attorney), each endorsed in blank with a guarantee of signature if deemed necessary or appropriate by the Company, which would permit transfer to the Company of all or a portion of the shares
subject to the Restricted Stock Award in the event that such Award is forfeited in whole or part. 

  
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 8.3 Restrictions and Conditions. The shares of Restricted Stock awarded pursuant to
the Plan shall be subject to the following restrictions and conditions: 
 (a) Restriction Period. (i) The Participant shall not
be permitted to Transfer shares of Restricted Stock awarded under the Plan during the period or periods set by the Committee (the “Restriction Period”) commencing on the date of such Award, as set forth in the Restricted Stock Award
Agreement and such agreement shall set forth a vesting schedule and any event that would accelerate vesting of the shares of Restricted Stock. Within these limits, based on service, attainment of Performance Goals pursuant to Section 8.3(a)(ii)
and/or such other factors or criteria as the Committee may determine in its sole discretion, the Committee may condition the grant or provide for the lapse of such restrictions in installments in whole or in part, or may accelerate the vesting of
all or any part of any Restricted Stock Award and/or waive the deferral limitations for all or any part of any Restricted Stock Award. 

(ii) If the grant of shares of Restricted Stock or the lapse of restrictions is based on the attainment of Performance Goals, the Committee
shall establish the objective Performance Goals and the applicable vesting percentage of the Restricted Stock applicable to each Participant or class of Participants in writing prior to the beginning of the applicable fiscal year or at such later
date as otherwise determined by the Committee and while the outcome of the Performance Goals are substantially uncertain. Such Performance Goals may incorporate provisions for disregarding (or adjusting for) changes in accounting methods, corporate
transactions (including, without limitation, dispositions and acquisitions) and other similar type events or circumstances. With regard to a Restricted Stock Award that is intended to comply with Section 162(m) of the Code, to the extent that
any such provision would create impermissible discretion under Section 162(m) of the Code or otherwise violate Section 162(m) of the Code, such provision shall be of no force or effect. 

(b) Rights as a Stockholder. Except as provided in Section 8.3(a) and this Section 8.3(b) or as otherwise determined by the
Committee in an Award Agreement, the Participant shall have, with respect to the shares of Restricted Stock, all of the rights of a holder of shares of Common Stock of the Company, including, without limitation, the right to receive dividends, the
right to vote such shares and, subject to and conditioned upon the full vesting of shares of Restricted Stock, the right to tender such shares. The Committee may, in its sole discretion, determine at the time of grant that the payment of dividends
shall be deferred until, and conditioned upon, the expiration of the applicable Restriction Period. 
 (c) Termination. Unless
otherwise determined by the Committee at grant or, if no rights of the Participant are reduced, thereafter, subject to the applicable provisions of the Award Agreement and the Plan, upon a Participant’s Termination for any reason during the
relevant Restriction Period, all Restricted Stock still subject to restriction will be forfeited in accordance with the terms and conditions established by the Committee at grant or thereafter. 

(d) Lapse of Restrictions. If and when the Restriction Period expires without a prior forfeiture of the Restricted Stock, the
certificates for such shares shall be delivered to the Participant. All legends shall be removed from said certificates at the time of delivery to the Participant, except as otherwise required by applicable law or other limitations imposed by the
Committee. 

  
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 ARTICLE IX 

PERFORMANCE AWARDS 
 9.1
Performance Awards. The Committee may grant a Performance Award to a Participant payable upon the attainment of specific Performance Goals. The Committee may grant Performance Awards that are intended to qualify as “performance-based
compensation” under Section 162(m) of the Code, as well as Performance Awards that are not intended to qualify as “performance-based compensation” under Section 162(m) of the Code. If the Performance Award is payable in
shares of Restricted Stock, such shares shall be transferable to the Participant only upon attainment of the relevant Performance Goal in accordance with Article VIII. If the Performance Award is payable in cash, it may be paid upon the attainment
of the relevant Performance Goals either in cash or in shares of Restricted Stock (based on the then current Fair Market Value of such shares), as determined by the Committee, in its sole and absolute discretion. Each Performance Award shall be
evidenced by an Award Agreement in such form that is not inconsistent with the Plan and that the Committee may from time to time approve. With respect to Performance Awards that are intended to qualify as “performance-based compensation”
under Section 162(m) of the Code, the Committee shall condition the right to payment of any Performance Award upon the attainment of objective Performance Goals established pursuant to Section 9.2(c). 

9.2 Terms and Conditions. Performance Awards awarded pursuant to this Article IX shall be subject to the following terms and
conditions: 
 (a) Earning of Performance Award. At the expiration of the applicable Performance Period, the Committee shall determine
the extent to which the Performance Goals established pursuant to Section 9.2(c) are achieved and the percentage of each Performance Award that has been earned. 

(b) Non-Transferability. Subject to the applicable provisions of the Award Agreement and the Plan, Performance Awards may not be
Transferred during the Performance Period. 
 (c) Objective Performance Goals, Formulae or Standards. With respect to Performance
Awards that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code, the Committee shall establish the objective Performance Goals for the earning of Performance Awards based on a Performance
Period applicable to each Participant or class of Participants in writing prior to the beginning of the applicable Performance Period or at such later date as permitted under Section 162(m) of the Code and while the outcome of the Performance
Goals are substantially uncertain. Such Performance Goals may incorporate, if and only to the extent permitted under Section 162(m) of the Code, provisions for disregarding (or adjusting for) changes in accounting methods, corporate
transactions (including, without limitation, dispositions and acquisitions) and other similar type events or circumstances. To the extent that any such provision would create impermissible discretion under Section 162(m) of the Code or
otherwise violate Section 162(m) of the Code, such provision shall be of no force or effect, with respect to Performance Awards that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code.

  
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 (d) Dividends. Unless otherwise determined by the Committee at the time of grant, amounts
equal to dividends declared during the Performance Period with respect to the number of shares of Common Stock covered by a Performance Award will not be paid to the Participant. 

(e) Payment. Following the Committee’s determination in accordance with Section 9.2(a), the Company shall settle Performance
Awards, in such form (including, without limitation, in shares of Common Stock or in cash) as determined by the Committee, in an amount equal to such Participant’s earned Performance Awards. Notwithstanding the foregoing, the Committee may, in
its sole discretion, award an amount less than the earned Performance Awards and/or subject the payment of all or part of any Performance Award to additional vesting, forfeiture and deferral conditions as it deems appropriate. 

(f) Termination. Subject to the applicable provisions of the Award Agreement and the Plan, upon a Participant’s Termination for
any reason during the Performance Period for a given Performance Award, the Performance Award in question will vest or be forfeited in accordance with the terms and conditions established by the Committee at grant. 

(g) Accelerated Vesting. Based on service, performance and/or such other factors or criteria, if any, as the Committee may determine,
the Committee may, at or after grant, accelerate the vesting of all or any part of any Performance Award. 
 ARTICLE X 

OTHER STOCK-BASED AND CASH-BASED AWARDS 

10.1 Other Stock-Based Awards. The Committee is authorized to grant to Eligible Individuals Other
Stock-Based Awards that are payable in, valued in whole or in part by reference to, or otherwise based on or related to shares of Common Stock, including but not limited to, shares of Common Stock awarded
purely as a bonus and not subject to restrictions or conditions, shares of Common Stock in payment of the amounts due under an incentive or performance plan sponsored or maintained by the Company or an Affiliate, stock equivalent units, restricted
stock units, and Awards valued by reference to book value of shares of Common Stock. Other Stock-Based Awards may be granted either alone or in addition to or in tandem with other Awards granted under the Plan. 

Subject to the provisions of the Plan, the Committee shall have authority to determine the Eligible Individuals, to whom, and the time or
times at which, such Awards shall be made, the number of shares of Common Stock to be awarded pursuant to such Awards, and all other conditions of the Awards. The Committee may also provide for the grant of Common Stock under such Awards upon the
completion of a specified Performance Period. 
 The Committee may condition the grant or vesting of Other Stock-Based Awards upon the
attainment of specified Performance Goals as the Committee may determine, in its sole discretion; provided that to the extent that such Other Stock-Based Awards are intended to comply with Section 162(m) of the Code, the Committee shall
establish the objective Performance Goals for the grant or vesting of such Other Stock-Based Awards based on a Performance Period applicable to each Participant or class of Participants in writing prior to the beginning of the applicable

  
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Performance Period or at such later date as permitted under Section 162(m) of the Code and while the outcome of the Performance Goals are substantially uncertain. Such Performance Goals may
incorporate, if and only to the extent permitted under Section 162(m) of the Code, provisions for disregarding (or adjusting for) changes in accounting methods, corporate transactions (including, without limitation, dispositions and
acquisitions) and other similar type events or circumstances. To the extent that any such provision would create impermissible discretion under Section 162(m) of the Code or otherwise violate Section 162(m) of the Code, such provision
shall be of no force or effect, with respect to Performance Awards that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code. 

10.2 Terms and Conditions. Other Stock-Based Awards made pursuant to this Article X shall be subject to the following terms and
conditions: 
 (a) Non-Transferability. Subject to the applicable provisions of the Award Agreement and the Plan, shares of Common
Stock subject to Awards made under this Article X may not be Transferred prior to the date on which the shares are issued, or, if later, the date on which any applicable restriction, performance or deferral period lapses. 

(b) Dividends. Unless otherwise determined by the Committee at the time of Award, subject to the provisions of the Award Agreement and
the Plan, the recipient of an Award under this Article X shall not be entitled to receive, currently or on a deferred basis, dividends or dividend equivalents in respect of the number of shares of Common Stock covered by the Award. 

(c) Vesting. Any Award under this Article X and any Common Stock covered by any such Award shall vest or be forfeited to the extent so
provided in the Award Agreement, as determined by the Committee, in its sole discretion. 
 (d) Price. Common Stock issued on a bonus
basis under this Article X may be issued for no cash consideration. Common Stock purchased pursuant to a purchase right awarded under this Article X shall be priced, as determined by the Committee in its sole discretion. 

10.3 Other Cash-Based Awards. The Committee may from time to time grant Other Cash-Based Awards to Eligible Individuals in such
amounts, on such terms and conditions, and for such consideration, including no consideration or such minimum consideration as may be required by applicable law, as it shall determine in its sole discretion. Other Cash-Based Awards may be granted
subject to the satisfaction of vesting conditions or may be awarded purely as a bonus and not subject to restrictions or conditions, and if subject to vesting conditions, the Committee may accelerate the vesting of such Awards at any time in its
sole discretion. The grant of an Other Cash-Based Award shall not require a segregation of any of the Company’s assets for satisfaction of the Company’s payment obligation thereunder. 

  
 23 

 ARTICLE XI 

CHANGE IN CONTROL PROVISIONS 

11.1 Benefits. In the event of a Change in Control of the Company (as defined below), and except as otherwise provided by the
Committee in an Award Agreement, a Participant’s unvested Award shall not vest automatically and a Participant’s Award shall be treated in accordance with one or more of the following methods as determined by the Committee: 

(a) Awards, whether or not then vested, shall be continued, assumed, or have new rights substituted therefor, as determined by the Committee in
a manner consistent with the requirements of Section 409A of the Code, and restrictions to which shares of Restricted Stock or any other Award granted prior to the Change in Control are subject shall not lapse upon a Change in Control and the
Restricted Stock or other Award shall, where appropriate in the sole discretion of the Committee, receive the same distribution as other Common Stock on such terms as determined by the Committee; provided that the Committee may decide to award
additional Restricted Stock or other Awards in lieu of any cash distribution. Notwithstanding anything to the contrary herein, for purposes of Incentive Stock Options, any assumed or substituted Stock Option shall comply with the requirements of
Treasury Regulation Section 1.424-1 (and any amendment thereto). 
 (b) The Committee, in its sole discretion, may provide for the
purchase of any Awards by the Company or an Affiliate for an amount of cash equal to the excess (if any) of the Change in Control Price (as defined below) of the shares of Common Stock covered by such Awards, over the aggregate exercise price of
such Awards; provided that in the event that such exercise price does not exceed such Change in Control Price, the Awards may be cancelled for no consideration. For purposes hereof, “Change in Control Price” shall mean the highest
price per share of Common Stock paid in any transaction related to a Change in Control of the Company. 
 (c) The Committee may, in its sole
discretion, terminate all outstanding and unexercised Stock Options, Stock Appreciation Rights, or any Other Stock-Based Award that provides for a Participant elected exercise, effective as of the date of the Change in Control, by delivering notice
of termination to each Participant at least twenty (20) days prior to the date of consummation of the Change in Control, in which case during the period from the date on which such notice of termination is delivered to the consummation of the
Change in Control, each such Participant shall have the right to exercise in full all of such Participant’s Awards that are then outstanding (without regard to any limitations on exercisability otherwise contained in the Award Agreements), but
any such exercise shall be contingent on the occurrence of the Change in Control, and, provided that, if the Change in Control does not take place within a specified period after giving such notice for any reason whatsoever, the notice and exercise
pursuant thereto shall be null and void. 
 (d) Notwithstanding any other provision herein to the contrary, the Committee may, in its sole
discretion, provide for accelerated vesting or lapse of restrictions, of an Award at any time. 
 11.2 Change in Control.
Unless otherwise determined by the Committee in the applicable Award Agreement or other written agreement with a Participant approved by the Committee, a “Change in Control” shall be deemed to occur if: 

(a) any “person,” as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than the Company, any trustee or other
fiduciary holding securities under any employee benefit plan of the Company, Bain Capital Partners, LLC and funds or partnerships related to, or managed or advised by any of them or any Affiliate of them, or any company owned, directly or
indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of Common Stock of the Company), becoming the beneficial owner (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s then outstanding securities; 

  
 24 

 (b) during any period of two consecutive years, individuals who at the beginning of such period
constitute the Board, and any new director (other than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in paragraph (a), (c), or (d) of this Section 11.2 or a director
whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such term is used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies
or consents by or on behalf of a person other than the Board) whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the
directors then still in office who either were directors at the beginning of the two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute at
least a majority of the Board; 
 (c) a merger or consolidation of the Company with any other corporation, other than a merger or
consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than
50% of the combined voting power of the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; provided, however, that a merger or consolidation effected to implement a recapitalization
of the Company (or similar transaction) in which no person (other than those covered by the exceptions in Section 11.2(a)) acquires more than 50% of the combined voting power of the Company’s then outstanding securities shall not
constitute a Change in Control of the Company; or 
 (d) a complete liquidation or dissolution of the Company or the consummation of a sale
or disposition by the Company of all or substantially all of the Company’s assets other than the sale or disposition of all or substantially all of the assets of the Company to a person or persons who beneficially own, directly or indirectly,
50% or more of the combined voting power of the outstanding voting securities of the Company at the time of the sale. 
 Notwithstanding the foregoing, with
respect to any Award that is characterized as “nonqualified deferred compensation” within the meaning of Section 409A of the Code, an event shall not be considered to be a Change in Control under the Plan for purposes of payment of
such Award unless such event is also a “change in ownership,” a “change in effective control” or a “change in the ownership of a substantial portion of the assets” of the Company within the meaning of Section 409A
of the Code. 
 11.3 Initial Public Offering not a Change in Control. Notwithstanding the foregoing, for purposes of the Plan,
the occurrence of the Registration Date or any change in the composition of the Board within one year following the Registration Date shall not be considered a Change in Control. 

  
 25 

 ARTICLE XII 

TERMINATION OR AMENDMENT OF PLAN 

12.1 Termination or Amendment. Notwithstanding any other provision of the Plan, the Board may at any time, and from time to
time, amend, in whole or in part, any or all of the provisions of the Plan (including any amendment deemed necessary to ensure that the Company may comply with any regulatory requirement referred to in Article XIV or Section 409A of the Code),
or suspend or terminate it entirely, retroactively or otherwise; provided, however, that, unless otherwise required by law or specifically provided herein, the rights of a Participant with respect to Awards granted prior to such amendment,
suspension or termination, may not be impaired without the consent of such Participant and, provided further, that without the approval of the holders of the Company’s Common Stock entitled to vote in accordance with applicable law, no
amendment may be made that would (i) increase the aggregate number of shares of Common Stock that may be issued under the Plan (except by operation of Section 4.2); (ii) increase the maximum individual Participant limitations for a
fiscal year under Section 4.1(b) (except by operation of Section 4.2); (iii) change the classification of individuals eligible to receive Awards under the Plan; (iv) decrease the minimum option price of any Stock Option or Stock
Appreciation Right; (v) extend the maximum option period under Section 6.4; (vi) alter the Performance Goals for Restricted Stock, Performance Awards or Other Stock-Based Awards as set forth in Exhibit A hereto;
(vii) award any Stock Option or Stock Appreciation Right in replacement of a canceled Stock Option or Stock Appreciation Right with a higher exercise price than the replacement award; or (viii) require stockholder approval in order for the
Plan to continue to comply with the applicable provisions of Section 162(m) of the Code or, to the extent applicable to Incentive Stock Options, Section 422 of the Code. In no event may the Plan be amended without the approval of the
stockholders of the Company in accordance with the applicable laws of the State of Delaware to increase the aggregate number of shares of Common Stock that may be issued under the Plan, decrease the minimum exercise price of any Award, or to make
any other amendment that would require stockholder approval under Financial Industry Regulatory Authority (FINRA) rules and regulations or the rules of any exchange or system on which the Company’s securities are listed or traded at the request
of the Company. Notwithstanding anything herein to the contrary, the Board may amend the Plan or any Award Agreement at any time without a Participant’s consent to comply with applicable law including Section 409A of the Code. The
Committee may amend the terms of any Award theretofore granted, prospectively or retroactively, but, subject to Article IV or as otherwise specifically provided herein, no such amendment or other action by the Committee shall impair the rights of
any holder without the holder’s consent. 
 ARTICLE XIII 

UNFUNDED STATUS OF PLAN 

The Plan is intended to constitute an “unfunded” plan for incentive and deferred compensation. With respect to any payment as to
which a Participant has a fixed and vested interest but which are not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any right that is greater than those of a general unsecured creditor of the
Company. 

  
 26 

 ARTICLE XIV 

GENERAL PROVISIONS 

14.1 Legend. The Committee may require each person receiving shares of Common Stock pursuant to a Stock Option or other Award
under the Plan to represent to and agree with the Company in writing that the Participant is acquiring the shares without a view to distribution thereof. In addition to any legend required by the Plan, the certificates for such shares may include
any legend that the Committee deems appropriate to reflect any restrictions on Transfer. All certificates for shares of Common Stock delivered under the Plan shall be subject to such stop transfer orders and other restrictions as the Committee may
deem advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Common Stock is then listed or any national securities exchange system upon whose system the Common Stock
is then quoted, any applicable federal or state securities law, and any applicable corporate law, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

14.2 Other Plans. Nothing contained in the Plan shall prevent the Board from adopting other or additional compensation
arrangements, subject to stockholder approval if such approval is required, and such arrangements may be either generally applicable or applicable only in specific cases. 

14.3 No Right to Employment/Directorship/Consultancy. Neither the Plan nor the grant of any Option or other Award hereunder
shall give any Participant or other employee, Consultant or Non-Employee Director any right with respect to continuance of employment, consultancy or directorship by the Company or any Affiliate, nor shall there be a limitation in any way on the
right of the Company or any Affiliate by which an employee is employed or a Consultant or Non-Employee Director is retained to terminate such employment, consultancy or directorship at any time. 

14.4 Withholding of Taxes. The Company shall have the right to deduct from any payment to be made pursuant to the Plan, or to
otherwise require, prior to the issuance or delivery of shares of Common Stock or the payment of any cash hereunder, payment by the Participant of, any federal, state or local taxes required by law to be withheld. Upon the vesting of Restricted
Stock (or other Award that is taxable upon vesting), or upon making an election under Section 83(b) of the Code, a Participant shall pay all required withholding to the Company. Any minimum statutorily required withholding obligation with
regard to any Participant may be satisfied, subject to the consent of the Committee, by reducing the number of shares of Common Stock otherwise deliverable or by delivering shares of Common Stock already owned. Any fraction of a share of Common
Stock required to satisfy such tax obligations shall be disregarded and the amount due shall be paid instead in cash by the Participant. 

14.5 No Assignment of Benefits. No Award or other benefit payable under the Plan shall, except as otherwise specifically
provided by law or permitted by the Committee, be Transferable in any manner, and any attempt to Transfer any such benefit shall be void, and any such benefit shall not in any manner be liable for or subject to the debts, contracts, liabilities,
engagements or torts of any person who shall be entitled to such benefit, nor shall it be subject to attachment or legal process for or against such person. 

  
 27 

 14.6 Listing and Other Conditions. 

(a) Unless otherwise determined by the Committee, as long as the Common Stock is listed on a national securities exchange or system sponsored
by a national securities association, the issuance of shares of Common Stock pursuant to an Award shall be conditioned upon such shares being listed on such exchange or system. The Company shall have no obligation to issue such shares unless and
until such shares are so listed, and the right to exercise any Option or other Award with respect to such shares shall be suspended until such listing has been effected. 

(b) If at any time counsel to the Company shall be of the opinion that any sale or delivery of shares of Common Stock pursuant to an Option or
other Award is or may in the circumstances be unlawful or result in the imposition of excise taxes on the Company under the statutes, rules or regulations of any applicable jurisdiction, the Company shall have no obligation to make such sale or
delivery, or to make any application or to effect or to maintain any qualification or registration under the Securities Act or otherwise, with respect to shares of Common Stock or Awards, and the right to exercise any Option or other Award shall be
suspended until, in the opinion of said counsel, such sale or delivery shall be lawful or will not result in the imposition of excise taxes on the Company. 

(c) Upon termination of any period of suspension under this Section 14.6, any Award affected by such suspension which shall not then have
expired or terminated shall be reinstated as to all shares available before such suspension and as to shares which would otherwise have become available during the period of such suspension, but no such suspension shall extend the term of any Award.

 (d) A Participant shall be required to supply the Company with certificates, representations and information that the Company requests
and otherwise cooperate with the Company in obtaining any listing, registration, qualification, exemption, consent or approval the Company deems necessary or appropriate. 

14.7 Stockholders Agreement and Other Requirements. Notwithstanding anything herein to the contrary, as a condition to the
receipt of shares of Common Stock pursuant to an Award under the Plan, to the extent required by the Committee, the Participant shall execute and deliver a stockholder’s agreement or such other documentation that shall set forth certain
restrictions on transferability of the shares of Common Stock acquired upon exercise or purchase, and such other terms as the Board or Committee shall from time to time establish. Such stockholder’s agreement or other documentation shall apply
to the Common Stock acquired under the Plan and covered by such stockholder’s agreement or other documentation. The Company may require, as a condition of exercise, the Participant to become a party to any other existing stockholder agreement
(or other agreement). 
 14.8 Governing Law. The Plan and actions taken in connection herewith shall be governed and construed
in accordance with the laws of the State of Delaware (regardless of the law that might otherwise govern under applicable Delaware principles of conflict of laws). 

14.9 Jurisdiction; Waiver of Jury Trial. Any suit, action or proceeding with respect to the Plan or any Award Agreement, or any
judgment entered by any court of competent 

  
 28 

 
jurisdiction in respect of any thereof, shall be resolved only in the courts of the State of Delaware or the United States District Court for the District of Delaware and the appellate courts
having jurisdiction of appeals in such courts. In that context, and without limiting the generality of the foregoing, the Company and each Participant shall irrevocably and unconditionally (a) submit in any proceeding relating to the Plan or
any Award Agreement, or for the recognition and enforcement of any judgment in respect thereof (a “Proceeding”), to the exclusive jurisdiction of the courts of the State of Delaware, the court of the United States of America for the
District of Delaware, and appellate courts having jurisdiction of appeals from any of the foregoing, and agree that all claims in respect of any such Proceeding shall be heard and determined in such Delaware State court or, to the extent permitted
by law, in such federal court, (b) consent that any such Proceeding may and shall be brought in such courts and waives any objection that the Company and each Participant may now or thereafter have to the venue or jurisdiction of any such
Proceeding in any such court or that such Proceeding was brought in an inconvenient court and agree not to plead or claim the same, (c) waive all right to trial by jury in any Proceeding (whether based on contract, tort or otherwise) arising
out of or relating to the Plan or any Award Agreement, (d) agree that service of process in any such Proceeding may be effected by mailing a copy of such process by registered or certified mail (or any substantially similar form of mail),
postage prepaid, to such party, in the case of a Participant, at the Participant’s address shown in the books and records of the Company or, in the case of the Company, at the Company’s principal offices, attention General Counsel, and
(e) agree that nothing in the Plan shall affect the right to effect service of process in any other manner permitted by the laws of the State of Delaware. 

14.10 Construction. Wherever any words are used in the Plan in the masculine gender they shall be construed as though they were
also used in the feminine gender in all cases where they would so apply, and wherever words are used herein in the singular form they shall be construed as though they were also used in the plural form in all cases where they would so apply. 

14.11 Other Benefits. No Award granted or paid out under the Plan shall be deemed compensation for purposes of computing
benefits under any retirement plan of the Company or its Affiliates nor affect any benefit under any other benefit plan now or subsequently in effect under which the availability or amount of benefits is related to the level of compensation. 

14.12 Costs. The Company shall bear all expenses associated with administering the Plan, including expenses of issuing Common
Stock pursuant to Awards hereunder. 
 14.13 No Right to Same Benefits. The provisions of Awards need not be the same with
respect to each Participant, and such Awards to individual Participants need not be the same in subsequent years. 
 14.14
Death/Disability. The Committee may in its discretion require the transferee of a Participant to supply it with written notice of the Participant’s death or Disability and to supply it with a copy of the will (in the case of the
Participant’s death) or such other evidence as the Committee deems necessary to establish the validity of the transfer of an Award. The Committee may also require that the agreement of the transferee to be bound by all of the terms and
conditions of the Plan. 

  
 29 

 14.15 Section 16(b) of the Exchange Act. All elections and transactions under
the Plan by persons subject to Section 16 of the Exchange Act involving shares of Common Stock are intended to comply with any applicable exemptive condition under Rule 16b-3. The Committee may establish and adopt written administrative
guidelines, designed to facilitate compliance with Section 16(b) of the Exchange Act, as it may deem necessary or proper for the administration and operation of the Plan and the transaction of business thereunder. 

14.16 Section 409A of the Code. The Plan is intended to comply with the applicable requirements of Section 409A of the
Code and shall be limited, construed and interpreted in accordance with such intent. To the extent that any Award is subject to Section 409A of the Code, it shall be paid in a manner that will comply with Section 409A of the Code,
including proposed, temporary or final regulations or any other guidance issued by the Secretary of the Treasury and the Internal Revenue Service with respect thereto. Notwithstanding anything herein to the contrary, any provision in the Plan that
is inconsistent with Section 409A of the Code shall be deemed to be amended to comply with Section 409A of the Code and to the extent such provision cannot be amended to comply therewith, such provision shall be null and void. The Company
shall have no liability to a Participant, or any other party, if an Award that is intended to be exempt from, or compliant with, Section 409A of the Code is not so exempt or compliant or for any action taken by the Committee or the Company and,
in the event that any amount or benefit under the Plan becomes subject to penalties under Section 409A of the Code, responsibility for payment of such penalties shall rest solely with the affected Participants and not with the Company.
Notwithstanding any contrary provision in the Plan or Award Agreement, any payment(s) of “nonqualified deferred compensation” (within the meaning of Section 409A of the Code) that are otherwise required to be made under the Plan to a
“specified employee” (as defined under Section 409A of the Code) as a result of such employee’s separation from service (other than a payment that is not subject to Section 409A of the Code) shall be delayed for the first
six (6) months following such separation from service (or, if earlier, the date of death of the specified employee) and shall instead be paid (in a manner set forth in the Award Agreement) upon expiration of such delay period. 

14.17 Successor and Assigns. The Plan shall be binding on all successors and permitted assigns of a Participant, including,
without limitation, the estate of such Participant and the executor, administrator or trustee of such estate. 
 14.18 Severability of
Provisions. If any provision of the Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions hereof, and the Plan shall be construed and enforced as if such provisions had not
been included. 
 14.19 Payments to Minors, Etc. Any benefit payable to or for the benefit of a minor, an incompetent person
or other person incapable of receipt thereof shall be deemed paid when paid to such person’s guardian or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the
Committee, the Board, the Company, its Affiliates and their employees, agents and representatives with respect thereto. 
 14.20
Lock-Up Agreement. As a condition to the grant of an Award, if requested by the Company and the lead underwriter of any public offering of the Common Stock (the “Lead Underwriter”), a Participant shall irrevocably
agree not to sell, contract to sell, grant any option to 

  
 30 

 
purchase, transfer the economic risk of ownership in, make any short sale of, pledge or otherwise transfer or dispose of, any interest in any Common Stock or any securities convertible into,
derivative of, or exchangeable or exercisable for, or any other rights to purchase or acquire Common Stock (except Common Stock included in such public offering or acquired on the public market after such offering) during such period of time
following the effective date of a registration statement of the Company filed under the Securities Act that the Lead Underwriter shall specify (the “Lock-Up Period”). The Participant shall
further agree to sign such documents as may be requested by the Lead Underwriter to effect the foregoing and agree that the Company may impose stop-transfer instructions with respect to Common Stock acquired pursuant to an Award until the end of
such Lock-Up Period. 
 14.21 Headings and Captions. The headings and captions herein
are provided for reference and convenience only, shall not be considered part of the Plan, and shall not be employed in the construction of the Plan. 

14.22 Section 162(m) of the Code. Notwithstanding any other provision of the Plan to the contrary, (i) prior to the
Registration Date and during the Transition Period, the provisions of the Plan requiring compliance with Section 162(m) of the Code for Awards intended to qualify as “performance-based compensation” shall only apply to the extent
required by Section 162(m) of the Code, and (ii) the provisions of the Plan requiring compliance with Section 162(m) of the Code shall not apply to Awards granted under the Plan that are not intended to qualify as
“performance-based compensation” under Section 162(m) of the Code. 
 14.23 Post-Transition Period. Following
the Transition Period, any Award granted under the Plan that is intended to be “performance-based compensation” under Section 162(m) of the Code, shall be subject to the approval of the material terms of the Plan by a majority of the
stockholders of the Company in accordance with Section 162(m) of the Code and the treasury regulations promulgated thereunder. 

14.24 Company Recoupment of Awards. A Participant’s rights with respect to any Award hereunder shall in all events be
subject to (i) any right that the Company may have under any Company recoupment policy or other agreement or arrangement with a Participant, or (ii) any right or obligation that the Company may have regarding the clawback of
“incentive-based compensation” under Section 10D of the Exchange Act and any applicable rules and regulations promulgated thereunder from time to time by the U.S. Securities and Exchange Commission. 

ARTICLE XV 
 EFFECTIVE
DATE OF PLAN 
 The Plan shall become effective on [—], 2013, which is the date of its
adoption by the Board, subject to the approval of the Plan by the stockholders of the Company in accordance with the requirements of the laws of the State of Delaware. 

ARTICLE XVI 
 TERM OF
PLAN 
 No Award shall be granted pursuant to the Plan on or after the tenth anniversary of the earlier of the date that the Plan is
adopted or the date of stockholder approval, but Awards granted 

  
 31 

 
prior to such tenth anniversary may extend beyond that date; provided that no Award (other than a Stock Option or Stock Appreciation Right) that is intended to be “performance-based
compensation” under Section 162(m) of the Code shall be granted on or after the fifth anniversary of the stockholder approval of the Plan unless the Performance Goals are re-approved (or other designated Performance Goals are approved) by
the stockholders no later than the first stockholder meeting that occurs in the fifth year following the year in which stockholders approve the Performance Goals. 

ARTICLE XVII 
 NAME OF
PLAN 
 The Plan shall be known as the “Burlington Stores, Inc. 2013 Omnibus Incentive Plan.” 

  
 32 

 EXHIBIT A 

PERFORMANCE GOALS 

To the extent permitted under Section 162(m) of the Code, performance goals established for purposes of Awards intended to be
“performance-based compensation” under Section 162(m) of the Code, shall be based on the attainment of certain target levels of, or a specified increase or decrease (as applicable) in one or more of the following performance goals:

  

	 	•	 	earnings per share; 

  

	 	•	 	operating income; 

  

	 	•	 	gross income; 

  

	 	•	 	net income (before or after taxes); 

  

	 	•	 	cash flow; 

  

	 	•	 	gross profit; 

  

	 	•	 	gross profit return on investment; 

  

	 	•	 	gross margin return on investment; 

  

	 	•	 	gross margin; 

  

	 	•	 	operating margin; 

  

	 	•	 	working capital; 

  

	 	•	 	earnings before interest and taxes; 

  

	 	•	 	earnings before interest, tax, depreciation and amortization; 

  

	 	•	 	return on equity; 

  

	 	•	 	return on assets; 

  

	 	•	 	return on capital; 

  

	 	•	 	return on invested capital; 

  

	 	•	 	net revenues; 

  

	 	•	 	gross revenues; 

  

	 	•	 	revenue growth; 

  

	 	•	 	annual recurring revenues; 

  

	 	•	 	recurring revenues; 

  

	 	•	 	license revenues; 

  

	 	•	 	sales or market share; 

  

	 	•	 	total shareholder return; 

  

	 	•	 	economic value added; 

  

	 	•	 	specified objectives with regard to limiting the level of increase in all or a portion of the Company’s bank debt or other long-term or short-term public or private debt or other similar financial obligations of
the Company, which may be calculated net of cash balances and/or other offsets and adjustments as may be established by the Committee in its sole discretion; 

  

	 	•	 	the fair market value of a share of Common Stock; 

  

	 	•	 	the growth in the value of an investment in the Common Stock assuming the reinvestment of dividends; or 

  

	 	•	 	reduction in operating expenses. 

  
 A-1 

 With respect to Awards that are intended to qualify as “performance-based compensation”
under Section 162(m) of the Code, to the extent permitted under Section 162(m) of the Code, the Committee may, in its sole discretion, also exclude, or adjust to reflect, the impact of an event or occurrence that the Committee determines
should be appropriately excluded or adjusted, including: 
 (a) restructurings, discontinued operations, extraordinary items or events, and
other unusual or non-recurring charges as described in Accounting Standards Codification 225-20, “Extraordinary and Unusual Items,” and/or management’s discussion and analysis of financial condition and results of operations appearing
or incorporated by reference in the Company’s Form 10-K for the applicable year; 
 (b) an event either not directly related to the
operations of the Company or not within the reasonable control of the Company’s management; or 
 (c) a change in tax law or accounting
standards required by generally accepted accounting principles. 
 Performance goals may also be based upon individual participant
performance goals, as determined by the Committee, in its sole discretion. In addition, Awards that are not intended to qualify as “performance-based compensation” under Section 162(m) of the Code may be based on the performance goals
set forth herein or on such other performance goals as determined by the Committee in its sole discretion. 
 In addition, such performance
goals may be based upon the attainment of specified levels of Company (or subsidiary, division, other operational unit, administrative department or product category of the Company) performance under one or more of the measures described above
relative to the performance of other corporations. With respect to Awards that are intended to qualify as “performance-based compensation” under Section 162(m) of the Code, to the extent permitted under Section 162(m) of the
Code, but only to the extent permitted under Section 162(m) of the Code (including, without limitation, compliance with any requirements for stockholder approval), the Committee may also: 

(a) designate additional business criteria on which the performance goals may be based; or 

(b) adjust, modify or amend the aforementioned business criteria. 

  
 A-2EX-10.1

 Exhibit 10.1 
  

 
  

THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

DATED AS OF SEPTEMBER 6, 2013 

AMONG 

THE J. M. SMUCKER COMPANY 

SMUCKER FOODS OF CANADA CORP., 

THE GUARANTORS FROM TIME TO TIME
PARTIES HERETO, 
 THE LENDERS FROM TIME
TO TIME PARTIES HERETO, 
 AND 

BANK OF MONTREAL, 

AS ADMINISTRATIVE AGENT 
  

 
  

BMO CAPITAL MARKETS, MERRILL LYNCH, PIERCE,
FENNER & SMITH INCORPORATED, 
 J.P. MORGAN
SECURITIES LLC, AND PNC BANK, NATIONAL ASSOCIATION 

AS JOINT LEAD ARRANGERS AND JOINT
BOOK RUNNERS 
 BANK OF AMERICA, N.A.,
JPMORGAN CHASE BANK, N.A., AND 
 PNC BANK,
NATIONAL ASSOCIATION 
 AS SYNDICATION AGENTS 

AND 

FIFTH THIRD BANK AND 

U.S. BANK NATIONAL ASSOCIATION, 

AS DOCUMENTATION AGENTS 

 TABLE OF CONTENTS 

 

							
	SECTION	 	HEADING	  	PAGE	 
	SECTION 1.	 	THE CREDIT FACILITIES	  	 	1	  
			
	 Section 1.1.
	 	 Revolving Credit Commitments
	  	 	1	  
	 Section 1.2.
	 	 Increase in Revolving Credit Commitments
	  	 	2	  
	 Section 1.3.
	 	 Letters of Credit
	  	 	3	  
	 Section 1.4.
	 	 Applicable Interest Rates
	  	 	7	  
	 Section 1.5.
	 	 Minimum Borrowing Amounts; Maximum Eurodollar Loans
	  	 	10	  
	 Section 1.6.
	 	 Manner of Borrowing Loans and Designating Applicable Interest Rates
	  	 	11	  
	 Section 1.7.
	 	 Swing Loans
	  	 	13	  
	 Section 1.8.
	 	 Maturity of Loans
	  	 	15	  
	 Section 1.9.
	 	 Prepayments
	  	 	15	  
	 Section 1.10.
	 	 Default Rate
	  	 	16	  
	 Section 1.11.
	 	 Evidence of Indebtedness
	  	 	17	  
	 Section 1.12.
	 	 Funding Indemnity
	  	 	18	  
	 Section 1.13.
	 	 Commitment Terminations
	  	 	19	  
	 Section 1.14.
	 	 Substitution of Lenders
	  	 	19	  
	 Section 1.15.
	 	 Defaulting Lenders
	  	 	20	  
			
	SECTION 2.	 	FEES	  	 	20	  
			
	 Section 2.1.
	 	 Fees
	  	 	20	  
			
	SECTION 3.	 	PLACE AND APPLICATION OF PAYMENTS	  	 	21	  
			
	 Section 3.1.
	 	 Place and Application of Payments
	  	 	21	  
			
	SECTION 4.	 	GUARANTIES	  	 	23	  
			
	 Section 4.1.
	 	 Guaranties
	  	 	23	  
	 Section 4.2.
	 	 Further Assurances
	  	 	23	  
			
	SECTION 5.	 	DEFINITIONS; INTERPRETATION	  	 	23	  
			
	 Section 5.1.
	 	 Definitions
	  	 	23	  
	 Section 5.2.
	 	 Interpretation
	  	 	41	  
	 Section 5.3.
	 	 Change in Accounting Principles
	  	 	41	  
			
	SECTION 6.	 	REPRESENTATIONS AND WARRANTIES	  	 	41	  
			
	 Section 6.1.
	 	 Organization and Qualification
	  	 	41	  
	 Section 6.2.
	 	 Subsidiaries
	  	 	42	  
	 Section 6.3.
	 	 Authority and Validity of Obligations
	  	 	42	  
	 Section 6.4.
	 	 Use of Proceeds; Margin Stock
	  	 	42	  

							
	 Section 6.5.
	 	 Financial Reports
	  	 	43	  
	 Section 6.6.
	 	 No Material Adverse Change
	  	 	43	  
	 Section 6.7.
	 	 Full Disclosure
	  	 	43	  
	 Section 6.8.
	 	 Trademarks, Franchises, and Licenses
	  	 	43	  
	 Section 6.9.
	 	 Governmental Authority and Licensing
	  	 	43	  
	 Section 6.10.
	 	 Good Title
	  	 	44	  
	 Section 6.11.
	 	 Litigation and Other Controversies
	  	 	44	  
	 Section 6.12.
	 	 Taxes
	  	 	44	  
	 Section 6.13.
	 	 Approvals
	  	 	44	  
	 Section 6.14.
	 	 Investment Company
	  	 	44	  
	 Section 6.15.
	 	 Benefit Plans
	  	 	44	  
	 Section 6.16.
	 	 Compliance with Laws
	  	 	46	  
	 Section 6.17.
	 	 OFAC
	  	 	46	  
	 Section 6.18.
	 	 Other Agreements
	  	 	46	  
	 Section 6.19.
	 	 Solvency
	  	 	46	  
	 Section 6.20.
	 	 No Default
	  	 	47	  
			
	SECTION 7.	 	CONDITIONS PRECEDENT	  	 	47	  
			
	 Section 7.1.
	 	 All Credit Events
	  	 	47	  
	 Section 7.2.
	 	 Conditions to Effectiveness
	  	 	48	  
			
	SECTION 8.	 	COVENANTS	  	 	50	  
			
	 Section 8.1.
	 	 Maintenance of Business
	  	 	50	  
	 Section 8.2.
	 	 Maintenance of Properties
	  	 	50	  
	 Section 8.3.
	 	 Taxes and Assessments
	  	 	50	  
	 Section 8.4.
	 	 Insurance
	  	 	50	  
	 Section 8.5.
	 	 Financial Reports
	  	 	51	  
	 Section 8.6.
	 	 Inspection
	  	 	52	  
	 Section 8.7.
	 	 Borrowings and Guaranties
	  	 	52	  
	 Section 8.8.
	 	 Liens
	  	 	53	  
	 Section 8.9.
	 	 Acquisitions; Intercompany Investments, Loans and Advances
	  	 	55	  
	 Section 8.10.
	 	 Mergers, Consolidations and Sales
	  	 	55	  
	 Section 8.11.
	 	 Dividends and Certain Other Restricted Payments
	  	 	56	  
	 Section 8.12.
	 	 Benefit Plans
	  	 	57	  
	 Section 8.13.
	 	 Compliance with Laws
	  	 	58	  
	 Section 8.14.
	 	 Compliance with OFAC Sanctions Programs
	  	 	58	  
	 Section 8.15.
	 	 Burdensome Contracts With Affiliates
	  	 	59	  
	 Section 8.16.
	 	 No Changes in Fiscal Year
	  	 	59	  
	 Section 8.17.
	 	 Change in the Nature of Business
	  	 	59	  
	 Section 8.18.
	 	 Use of Proceeds
	  	 	59	  
	 Section 8.19.
	 	 No Restrictions
	  	 	60	  
	 Section 8.20.
	 	 Financial Covenants
	  	 	60	  
	 Section 8.21.
	 	 Other Covenants
	  	 	60	  

							
	SECTION 9.	 	EVENTS OF DEFAULT AND REMEDIES	  	 	61	  
			
	 Section 9.1.
	 	 Events of Default
	  	 	61	  
	 Section 9.2.
	 	 Non-Bankruptcy Defaults
	  	 	62	  
	 Section 9.3.
	 	 Bankruptcy Defaults
	  	 	63	  
	 Section 9.4.
	 	 Collateral for Undrawn Letters of Credit
	  	 	63	  
	 Section 9.5.
	 	 Notice of Default
	  	 	64	  
			
	SECTION 10.	 	CHANGE IN CIRCUMSTANCES	  	 	64	  
			
	 Section 10.1.
	 	 Change of Law
	  	 	64	  
	 Section 10.2.
	 	 Unavailability of Deposits or Inability to Ascertain, or Inadequacy of, LIBOR or CDOR Fixed Rate
	  	 	65	  
	 Section 10.3.
	 	 Increased Cost and Reduced Return
	  	 	65	  
	 Section 10.4.
	 	 Lending Offices
	  	 	67	  
	 Section 10.5.
	 	 Discretion of Lender as to Manner of Funding
	  	 	67	  
			
	SECTION 11.	 	THE ADMINISTRATIVE AGENT	  	 	67	  
			
	 Section 11.1.
	 	 Appointment and Authorization of Administrative Agent
	  	 	67	  
	 Section 11.2.
	 	 Administrative Agent and its Affiliates
	  	 	67	  
	 Section 11.3.
	 	 Action by Administrative Agent
	  	 	68	  
	 Section 11.4.
	 	 Consultation with Experts
	  	 	68	  
	 Section 11.5.
	 	 Liability of Administrative Agent; Credit Decision
	  	 	68	  
	 Section 11.6.
	 	 Indemnity
	  	 	69	  
	 Section 11.7.
	 	 Resignation of Administrative Agent and Successor Administrative Agent
	  	 	69	  
	 Section 11.8.
	 	 L/C Issuer and Swing Line Lender
	  	 	70	  
	 Section 11.9.
	 	 Designation of Additional Agents
	  	 	70	  
	 Section 11.10.
	 	 The Intercreditor Agreement
	  	 	71	  
			
	SECTION 12.	 	THE GUARANTEES	  	 	71	  
			
	 Section 12.1.
	 	 The Guarantees
	  	 	71	  
	 Section 12.2.
	 	 Guarantee Unconditional
	  	 	72	  
	 Section 12.3.
	 	 Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances
	  	 	73	  
	 Section 12.4.
	 	 Subrogation
	  	 	73	  
	 Section 12.5.
	 	 Waivers
	  	 	73	  
	 Section 12.6.
	 	 Limit on Recovery
	  	 	73	  
	 Section 12.7.
	 	 Stay of Acceleration
	  	 	73	  
	 Section 12.8.
	 	 Benefit to Guarantors
	  	 	74	  
	 Section 12.9.
	 	 Guarantor Covenants
	  	 	74	  
			
	SECTION 13.	 	MISCELLANEOUS	  	 	74	  
			
	 Section 13.1.
	 	 Withholding Taxes
	  	 	74	  
	 Section 13.2.
	 	 No Waiver, Cumulative Remedies
	  	 	75	  
	 Section 13.3.
	 	 Non-Business Days
	  	 	76	  

							
	 Section 13.4.
	 	 Documentary Taxes
	  	 	76	  
	 Section 13.5.
	 	 Survival of Representations
	  	 	76	  
	 Section 13.6.
	 	 Survival of Indemnities
	  	 	76	  
	 Section 13.7.
	 	 Sharing of Set-Off
	  	 	76	  
	 Section 13.8.
	 	 Notices
	  	 	77	  
	 Section 13.9.
	 	 Counterparts
	  	 	77	  
	 Section 13.10.
	 	 Successors and Assigns
	  	 	77	  
	 Section 13.11.
	 	 Participants
	  	 	78	  
	 Section 13.12.
	 	 Assignments
	  	 	78	  
	 Section 13.13.
	 	 Amendments
	  	 	80	  
	 Section 13.14.
	 	 Headings
	  	 	81	  
	 Section 13.15.
	 	 Costs and Expenses; Indemnification
	  	 	81	  
	 Section 13.16.
	 	 Set-off
	  	 	82	  
	 Section 13.17.
	 	 Entire Agreement
	  	 	82	  
	 Section 13.18.
	 	 Governing Law
	  	 	82	  
	 Section 13.19.
	 	 Severability of Provisions
	  	 	83	  
	 Section 13.20.
	 	 Excess Interest
	  	 	83	  
	 Section 13.21.
	 	 Construction
	  	 	84	  
	 Section 13.22.
	 	 Lender’s and L/C Issuer’s Obligations Several
	  	 	84	  
	 Section 13.23.
	 	 Currency
	  	 	84	  
	 Section 13.24.
	 	 Submission to Jurisdiction; Waiver of Jury Trial
	  	 	85	  
	 Section 13.25.
	 	 USA Patriot Act; Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada)
	  	 	85	  
	 Section 13.26.
	 	 Confidentiality
	  	 	86	  
	 Section 13.27.
	 	 Amendment and Restatement
	  	 	86	  
	 Section 13.28.
	 	 No Fiduciary Duty
	  	 	87	  
		
	 Signature Page
	  	 	S-1	  

  

					
	EXHIBIT A	 	—	  	Notice of Payment Request
	EXHIBIT B	 	—	  	Notice of Borrowing
	EXHIBIT C	 	—	  	Notice of Continuation/Conversion
	EXHIBIT D-1	 	—	  	Revolving Note
	EXHIBIT D-2	 	—	  	Swing Note
	EXHIBIT E	 	—	  	Compliance Certificate
	EXHIBIT F	 	—	  	Additional Guarantor Supplement
	EXHIBIT G	 	—	  	Assignment and Acceptance
	EXHIBIT H	 	—	  	Commitment Amount Increase Request
	SCHEDULE 1	 	—	  	Commitments
	SCHEDULE 6.2	 	—	  	Subsidiaries
	SCHEDULE 6.15(b)	 	—	  	Canadian Benefit Plans and Canadian Pension Plans
	SCHEDULE 8.7	 	—	  	Existing Indebtedness and Guaranties

 THIRD AMENDED AND RESTATED
CREDIT AGREEMENT 
 This Third Amended and Restated Credit Agreement is entered into as of
September 6, 2013, by and among The J. M. Smucker Company, an Ohio corporation (the “U.S. Borrower”), Smucker Foods of Canada Corp., a federally incorporated Canadian corporation (the “Canadian Borrower” and,
together with the U.S. Borrower, individually a “Borrower” and together the “Borrowers”), the direct and indirect Subsidiaries of the Borrower from time to time party to this Agreement, as Guarantors, the several
financial institutions from time to time party to this Agreement, as Lenders, and Bank of Montreal, a Canadian chartered bank acting through its Chicago branch, as Administrative Agent as provided herein. All capitalized terms used herein without
definition shall have the same meanings herein as such terms are defined in Section 5.1 hereof. 
 PRELIMINARY
STATEMENT 
 The Borrowers, the Administrative Agent and the Lenders are parties to that certain Second Amended and
Restated Credit Agreement dated as of July 29, 2011 (the “Original Credit Agreement”) pursuant to which the Lenders have agreed to extend certain credit facilities to the Borrowers on the terms and conditions contained in the
Original Credit Agreement. The Borrowers and the Lenders have agreed to modify certain terms of the Original Credit Agreement and, for the sake of clarity and convenience, have agreed to amend and restate the Original Credit Agreement in its
entirety on the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the mutual
agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree that the Original Credit Agreement and all schedules and exhibits thereto are
hereby amended and restated in their entirety as follows: 
 SECTION 1. THE CREDIT
FACILITIES. 
 Section 1.1. Revolving Credit Commitments. (a) Subject to the terms and conditions hereof,
each Lender, by its acceptance hereof, severally agrees to make a loan or loans (individually a “Revolving Loan” and collectively for all the Lenders the “Revolving Loans”) in U.S. Dollars to the U.S. Borrower and
in Canadian Dollars to the Canadian Borrower from time to time on a revolving basis in an aggregate outstanding Original Dollar Amount up to the amount of such Lender’s Revolving Credit Commitment, subject to any reductions thereof pursuant to
the terms hereof, before the Revolving Credit Termination Date. The sum of the aggregate Original Dollar Amount of Revolving Loans, the aggregate Original Dollar Amount of Swing Loans, and the aggregate U.S. Dollar Equivalent of all L/C
Obligations at any time outstanding shall not exceed the Revolving Credit Commitments in effect at such time, and the sum of the aggregate Original Dollar Amount of Revolving Loans of each Lender, the aggregate Original Dollar Amount of all
interests in Swing Loans of each Lender, and the aggregate U.S. Dollar Equivalent of all interests in L/C Obligations of each Lender at any time outstanding shall not exceed such Lender’s Revolving Credit Commitments in effect at such
time. Each Borrowing of Revolving Loans shall be made ratably by the Lenders in proportion to their 

 
respective Revolver Percentages, except (i) as provided in Section 1.1(b) with respect to CAD Base Rate Loans, and (ii) any requested Borrowing of Loans, other than CAD Base Rate
Loans, made at a time when any CAD Base Rate Loans are outstanding shall be made by the Lenders ratably in accordance with their Revolver Percentages until the Revolving Credit Commitments of the CAD Base Rate Lenders have been fully utilized
and thereafter such requested Borrowing shall be made by the Farm Credit Banks ratably in accordance with their respective Unused Revolving Credit Commitments. As provided in Section 1.6(a) hereof, the U.S. Borrower may elect that each
Borrowing of Revolving Loans be either U.S. Base Rate Loans or Eurodollar Loans and the Canadian Borrower may elect that each Borrowing of Revolving Loans be either CAD Base Rate Loans or CAD CDOR Loans, provided that the aggregate Original
Dollar Amount of CAD Base Rate Loans at any time outstanding shall not exceed the Revolving Credit Commitments of the CAD Base Rate Lenders in effect at such time. Revolving Loans may be repaid and the principal amount thereof reborrowed before the
Revolving Credit Termination Date, subject to the terms and conditions hereof. 
 (b) CAD Base Rate Loans. Notwithstanding any
other provision of this Agreement, all Borrowings of CAD Base Rate Loans shall be made by the CAD Base Rate Lenders ratably in proportion to their respective CAD Base Rate Loan Percentages, provided that the sum of the aggregate Original
Dollar Amount of Revolving Loans, the aggregate Original Dollar Amount of interests in Swing Loans, and the aggregate U.S. Dollar Equivalent of all interests in L/C Obligations of any Lender shall not exceed the Revolving Credit Commitment of
such Lender in effect at any time. 
 (c) Conversion and Settlement of CAD Base Rate Loans. On the Settlement Date, (i) each CAD
Base Rate Loan shall automatically be converted into a U.S. Dollar-denominated Base Rate Loan in an amount equal to the U.S. Dollar Equivalent of such CAD Base Rate Loan, and (ii) the Lenders shall make such purchases and sales of
interests in the Loans and L/C Obligations then outstanding between themselves so that after giving effect thereto each Lender shall hold its Revolver Percentage of the aggregate Original Dollar Amount of Revolving Loans, the aggregate Original
Dollar Amount of interests in Swing Loans, and the aggregate U.S. Dollar Equivalent of all interests in L/C Obligations then outstanding. Such purchases and sales shall be arranged through the Administrative Agent and each Lender hereby agrees
to execute such further instruments and documents, if any, as the Administrative Agent may reasonably request in connection therewith. The several obligations of the Lenders under this Section shall be absolute, irrevocable, and unconditional under
any and all circumstances whatsoever and shall not be subject to any set-off, counterclaim or defense to payment which any Lender may have or have had against any Borrower, any other Lender, or any other
Person whatsoever. Without limiting the generality of the foregoing, such obligations shall not be affected by any Default or Event of Default or by any reduction or termination of the Revolving Credit Commitments of any Lender, and each payment
made by a Lender under this Section shall be made without any offset, abatement, withholding, or reduction whatsoever. 

Section 1.2. Increase in Revolving Credit Commitments . The Borrowers may, on any Business Day prior to the
Revolving Credit Termination Date, increase the aggregate amount of the Revolving Credit Commitments by delivering a Commitment Amount Increase Request substantially in the form attached hereto as Exhibit H or in such other form acceptable to
the 

  
 -2- 

 
Administrative Agent at least five (5) Business Days prior to the desired effective date of such increase (the “Commitment Amount Increase”) identifying an additional Lender
(or additional Revolving Credit Commitments for existing Lender(s)) and the amount of its Revolving Credit Commitment (or additional amount of its Revolving Credit Commitment(s)); provided, however, that (a) any increase of the aggregate
amount of the Revolving Credit Commitments to an amount in excess of $2,250,000,000 will require the approval of the Required Lenders, (b) any increase of the aggregate amount of the Revolving Credit Commitments shall be in an amount not less
than $25,000,000, (c) no Event of Default shall have occurred and be continuing at the time of the request or on the effective date of the Commitment Amount Increase, (d) all representations and warranties contained in Section 6
hereof shall be true and correct in all material respects at the effective date of such Commitment Amount Increase (except to the extent the same expressly relate to an earlier date, provided that any representation and warranty that is qualified as
to “materiality”, “Material Adverse Effect” or similar language shall be true and correct in all respects), and (e) the Administrative Agent’s consent (which shall not be unreasonably withheld) shall be
required for any increase in the amount of an existing Lender’s Revolving Credit Commitment or the addition of a new Lender. The effective date of the Commitment Amount Increase shall be agreed upon by the Borrowers and the Administrative
Agent. Upon the effectiveness thereof, the new Lender(s) (or, if applicable, existing Lender(s)) shall advance Revolving Loans in an amount sufficient such that after giving effect to its advance each Lender shall have outstanding its Revolver
Percentage of Revolving Loans. It shall be a condition to such effectiveness that (i) if any Eurodollar Loans or CAD CDOR Loans are outstanding under the Revolving Credit on the date of such effectiveness, such Eurodollar Loans or CAD CDOR
Loans shall be deemed to be prepaid on such date and the Borrowers shall pay any amounts owing to the Lenders pursuant to Section 1.12 hereof and (ii) the Borrowers shall not have terminated any portion of the Revolving Credit Commitments
pursuant to Section 1.13 hereof. The Borrower agrees to pay any reasonable expenses of the Administrative Agent relating to any Commitment Amount Increase. Notwithstanding anything herein to the contrary, no Lender shall have any obligation to
increase its Revolving Credit Commitment and no Lender’s Revolving Credit Commitment shall be increased without its consent thereto, and each Lender may at its option, unconditionally and without cause, decline to increase its Revolving Credit
Commitment. 
 Section 1.3. Letters of Credit. (a) General Terms. Subject to the terms and conditions hereof, as
part of the Revolving Credit, each Borrower may request from the L/C Issuer standby and commercial letters of credit (each a “Letter of Credit”) for the account of each Borrower or for the account of a Borrower and one or more of
its Subsidiaries in U.S. Dollars or Canadian Dollars in the U.S. Dollar Equivalent of an aggregate undrawn face amount up to the L/C Sublimit. Each Letter of Credit shall be issued by the L/C Issuer, but each Lender shall be obligated to
reimburse the L/C Issuer for such Lender’s Revolver Percentage of the amount of each drawing thereunder to the extent not reimbursed by the Borrowers and, accordingly, each Letter of Credit shall constitute usage of the Revolving Credit
Commitment of each Lender pro rata in an amount equal to its Revolver Percentage of the L/C Obligations then outstanding. 
 (b)
Applications. At any time before the Revolving Credit Termination Date, the L/C Issuer shall, at the request of either Borrower, issue one or more Letters of Credit in U.S. Dollars for the account of the U.S. Borrower and its
Subsidiaries or Canadian Dollars for the 

  
 -3- 

 
account of the Canadian Borrower and its Subsidiaries, in a form satisfactory to the L/C Issuer, with expiration dates no later than the earlier of 12 months from the date of issuance (or
which are cancelable not later than 12 months from the date of issuance and each renewal) or thirty (30) days prior to the Revolving Credit Termination Date, in an aggregate face amount as set forth above, upon the receipt of an application
duly executed by such Borrower and, if such Letter of Credit is for the account of one of its Subsidiaries, such Subsidiary for the relevant Letter of Credit in the form then customarily prescribed by the L/C Issuer for the Letter of Credit
requested (each an “Application”). Notwithstanding anything contained in any Application to the contrary: (i) the Borrowers shall pay fees in connection with each Letter of Credit as set forth in Section 2.1 hereof,
(ii) except as otherwise provided in Section 1.9 or Section 1.15 hereof, unless an Event of Default exists, the L/C Issuer will not call for the funding by any Borrower of any amount under a Letter of Credit before being
presented with a drawing thereunder, and (iii) if the L/C Issuer is not timely reimbursed for the amount of any drawing under a Letter of Credit on the date such drawing is paid, the obligation of the Borrower for whose account such Letter
of Credit was issued to reimburse the L/C Issuer for the amount of such drawing shall bear interest (which the relevant Borrower hereby promises to pay) from and after the date such drawing is paid at a rate per annum (x) if such Letter of
Credit is denominated in U.S. Dollars, equal to the sum of the U.S. Base Rate from time to time in effect (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual number of days elapsed) plus the Applicable
Margin for U.S. Base Rate Loans, and (y) if such Letter of Credit is denominated in Canadian Dollars, equal to the sum of the CAD Base Rate from time to time in effect (computed on the basis of a year of 365 or 366 days, as the case may
be, and the actual number of days elapsed) plus the Applicable Margin for CAD Base Rate Loans. If the L/C Issuer issues any Letter of Credit with an expiration date that is automatically extended unless the L/C Issuer gives notice
that the expiration date will not so extend beyond its then scheduled expiration date, unless the Administrative Agent or the Required Lenders instruct the L/C Issuer otherwise, the L/C Issuer will give such notice of non-renewal before the time necessary to prevent such automatic extension if before such required notice date: (i) the expiration date of such Letter of Credit if so extended would be after the Revolving Credit
Termination Date, (ii) the Revolving Credit Commitments have been terminated, or (iii) an Event of Default exists and either the Administrative Agent or the Required Lenders (with notice to the Administrative Agent) have given the
L/C Issuer instructions not to so permit the extension of the expiration date of such Letter of Credit. The L/C Issuer agrees to issue amendments to the Letter(s) of Credit increasing the amount, or extending the expiration date, thereof
at the request of the Borrower for whose account such Letter of Credit was issued subject to the conditions of Section 7 hereof and the other terms of this Section 1.3. Notwithstanding anything contained herein to the contrary, the L/C
Issuer shall be under no obligation to issue, extend or amend any Letter of Credit if a default of any Lender’s obligations to fund under Section 1.3(c) exists or any Lender is at such time a Defaulting Lender hereunder, unless the
L/C Issuer has entered into arrangements with the Borrowers or such Lender satisfactory to the L/C Issuer to eliminate the L/C Issuer’s risk with respect to such Lender. 

(c) The Reimbursement Obligations. Subject to Section 1.3(b) hereof, the obligation of the Borrowers to reimburse the
L/C Issuer for all drawings under a Letter of Credit (a “Reimbursement Obligation”) shall be governed by the Application related to such Letter of Credit, except that reimbursement shall be made by no later than 1:00 p.m.
(Chicago time) on the date 

  
 -4- 

 
when each drawing is to be paid if the Borrower has been informed of such drawing by the L/C Issuer on or before 11:00 a.m. (Chicago time) on the date when such drawing is to be paid
or, if notice of such drawing is given to the Borrower for whose account such Letter of Credit was issued after 11:00 a.m. (Chicago time) on the date when such drawing is to be paid, by no later than 1:00 p.m. (Chicago time) on the
following Business Day, in immediately available funds at the Administrative Agent’s principal office in Chicago, Illinois, or such other office as the Administrative Agent may designate in writing to the Borrower (who shall thereafter cause to
be distributed to the L/C Issuer such amount(s) in like funds). If a Borrower does not make any such reimbursement payment on the date due and the Participating Lenders fund their participations therein in the manner set forth in
Section 1.3(e) below, then all payments thereafter received by the Administrative Agent in discharge of any of the relevant Reimbursement Obligations shall be distributed in accordance with Section 1.3(e) below. 

(d) Obligations Absolute. Each Borrower’s obligation to reimburse L/C Obligations as provided in subsection (c) of this
Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement and the relevant Application under any and all circumstances whatsoever and irrespective of (i) any lack of
validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any
statement therein being untrue or inaccurate in any respect, (iii) payment by the L/C Issuer under a Letter of Credit against presentation of a draft or other document that does not strictly comply with the terms of such Letter of Credit,
or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, any
Borrower’s obligations hereunder. None of the Administrative Agent, the Lenders, or the L/C Issuer shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any
payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other
communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the L/C Issuer;
provided that the foregoing shall not be construed to excuse the L/C Issuer from liability to the relevant Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by
each Borrower to the extent permitted by applicable law) suffered by any Borrower that are caused by the L/C Issuer’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply
with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of the L/C Issuer (as finally determined by a court of competent jurisdiction), the L/C Issuer shall be
deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial
compliance with the terms of a Letter of Credit, the L/C Issuer may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the
contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

  
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 (e) The Participating Interests. Each Lender (other than the Lender acting as
L/C Issuer in issuing the relevant Letter of Credit), by its acceptance hereof, severally agrees to purchase from the L/C Issuer, and the L/C Issuer hereby agrees to sell to each such Lender (a “Participating
Lender”), an undivided percentage participating interest (a “Participating Interest”), to the extent of its Revolver Percentage, in each Letter of Credit issued by, and each Reimbursement Obligation owed to, the
L/C Issuer. Upon any failure by a Borrower to pay any Reimbursement Obligation at the time required on the date the related drawing is to be paid, as set forth in Section 1.3(c) above, or if the L/C Issuer is required at any time to
return to a Borrower or to a trustee, receiver, liquidator, custodian or other Person any portion of any payment of any Reimbursement Obligation, each Participating Lender shall, not later than the Business Day it receives a certificate in the form
of Exhibit A hereto from the L/C Issuer (with a copy to the Administrative Agent) to such effect, if such certificate is received before 2:00 p.m. (Chicago time), or not later than 2:00 p.m. (Chicago time) the following Business
Day, if such certificate is received after such time, pay to the Administrative Agent for the account of the L/C Issuer an amount equal to such Participating Lender’s Revolver Percentage of such unpaid or recaptured Reimbursement
Obligation together with interest on such amount accrued from the date the related payment was made by the L/C Issuer to the date of such payment by such Participating Lender at a rate per annum equal to: (i) from the date the related
payment was made by the L/C Issuer to the date two (2) Business Days after payment by such Participating Lender is due hereunder, (x) if such Letter of Credit is denominated in U.S. Dollars, the Federal Funds Rate for each such day,
and (y) if such Letter of Credit is denominated in Canadian Dollars, the cost to the Administrative Agent of funding such amount, and (ii) from the date two (2) Business Days after the date such payment is due from such Participating
Lender to the date such payment is made by such Participating Lender, (x) if such Letter of Credit is denominated in U.S. Dollars, the U.S. Base Rate in effect for each such day, and (y) if such Letter of Credit is denominated in Canadian
Dollars, the CAD Base Rate in effect for each such day. Each such Participating Lender shall thereafter be entitled to receive its Revolver Percentage of each payment received in respect of the relevant Reimbursement Obligation and of interest paid
thereon, with the L/C Issuer retaining its Revolver Percentage thereof as a Lender hereunder. The several obligations of the Participating Lenders to the L/C Issuer under this Section 1.3 shall be absolute, irrevocable, and
unconditional under any and all circumstances whatsoever and shall not be subject to any set-off, counterclaim or defense to payment which any Participating Lender may have or have had against any Borrower,
the L/C Issuer, the Administrative Agent, any Lender or any other Person whatsoever. Without limiting the generality of the foregoing, such obligations shall not be affected by any Default or Event of Default or by any reduction or termination
of any Revolving Credit Commitment of any Lender, and each payment by a Participating Lender under this Section 1.3 shall be made without any offset, abatement, withholding or reduction whatsoever. 

(f) Indemnification. The Participating Lenders shall, to the extent of their respective Revolver Percentages, indemnify the
L/C Issuer (to the extent not reimbursed by the Borrowers) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from such L/C Issuer’s gross
negligence or willful 

  
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misconduct) that the L/C Issuer may suffer or incur in connection with any Letter of Credit issued by it. The obligations of the Participating Lenders under this Section 1.3(f) and all
other parts of this Section 1.3 shall survive termination of this Agreement and of all Applications, Letters of Credit, and all drafts and other documents presented in connection with drawings thereunder. 

(g) Manner of Requesting a Letter of Credit. Each Borrower shall provide at least three (3) Business Days’ advance written
notice to the Administrative Agent of each request for the issuance of a Letter of Credit for its account, such notice in each case to be accompanied by an Application for such Letter of Credit properly completed and executed by such Borrower and,
in the case of an extension or amendment or an increase in the amount of a Letter of Credit, a written request therefor, in a form acceptable to the Administrative Agent and the L/C Issuer, in each case, together with the fees called for by
this Agreement. The Administrative Agent shall promptly notify the L/C Issuer of the Administrative Agent’s receipt of each such notice (and the L/C Issuer shall be entitled to assume that the conditions precedent to any such
issuance, extension, amendment or increase have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders) and the L/C Issuer shall promptly notify the Administrative Agent and the Lenders of the
issuance of the Letter of Credit so requested. 
 (h) Replacement of the L/C Issuer. The L/C Issuer may be replaced at any
time by written agreement among the Borrowers, the Administrative Agent and the successor L/C Issuer. The Administrative Agent shall notify the Lenders of any such replacement of the L/C Issuer. At the time any such replacement shall
become effective, the Borrowers shall pay all unpaid fees accrued for the account of the replaced L/C Issuer. From and after the effective date of any such replacement (i) the successor L/C Issuer shall have all the rights and
obligations of the L/C Issuer under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “L/C Issuer “ shall be deemed to refer to such successor or to any previous
L/C Issuer, or to such successor and all previous L/C Issuers, as the context shall require. After the replacement of a L/C Issuer hereunder, the replaced L/C Issuer shall remain a party hereto and shall continue to have all the
rights and obligations of a L/C Issuer under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit. 

Section 1.4. Applicable Interest Rates. (a) U.S. Base Rate Loans. Each U.S. Base Rate Loan made or maintained by a
Lender shall bear interest (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced, or created by conversion from a
Eurodollar Loan, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the U.S. Base Rate from time to time in effect, payable by the relevant Borrower on each Interest Payment
Date and at maturity (whether by acceleration or otherwise), provided that interest shall not accrue on any Loan (or portion thereof) for the day such Loan (or portion) is paid as provided in Section 3.1. 

“U.S. Base Rate” means, for any day, the rate per annum equal to the greatest of: (a) the rate of interest announced or
otherwise established by the Administrative Agent from time to time as its prime commercial rate, or its equivalent, for U.S. Dollar loans to borrowers located in 

  
 -7- 

 
the United States as in effect on such day, with any change in the U.S. Base Rate resulting from a change in said prime commercial rate to be effective as of the date of the relevant change in
said prime commercial rate (it being acknowledged and agreed that such rate may not be the Administrative Agent’s best or lowest rate), (b) the sum of (i) the rate determined by the Administrative Agent to be the average (rounded
upward, if necessary, to the next higher 1/100 of 1%) of the rates per annum quoted to the Administrative Agent at approximately 10:00 a.m. (Chicago time) (or as soon thereafter as is practicable) on such day (or, if such day is not a Business
Day, on the immediately preceding Business Day) by two or more Federal funds brokers selected by the Administrative Agent for sale to the Administrative Agent at face value of Federal funds in the secondary market in an amount equal or comparable to
the principal amount for which such rate is being determined, plus (ii) 1/2 of 1%, and (c) the LIBOR Quoted Rate for such day plus 1.00%. As used herein, the term “LIBOR Quoted Rate” means, for any day, the
rate per annum equal to the quotient of (i) the rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a one-month
interest period which appears on the LIBOR01 Page as of 11:00 a.m. (London, England time) on such day (or, if such day is not a Business Day, on the immediately preceding Business Day) divided by (ii) one (1) minus the Eurodollar
Reserve Percentage. 
 (b) Eurodollar Loans. Each Eurodollar Loan made or maintained by a Lender shall bear interest during each
Interest Period it is outstanding (computed on the basis of a year of 360 days and actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continued, or created by conversion from a U.S. Base Rate Loan,
until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the Adjusted LIBOR applicable for such Interest Period, payable by the relevant Borrower on each Interest Payment Date and at
maturity (whether by acceleration or otherwise), provided that interest shall not accrue on any Loan (or portion thereof) for the day such Loan (or portion) is paid as provided in Section 3.1. 

“Adjusted LIBOR” means, for any Borrowing of Eurodollar Loans, a rate per annum determined in accordance with the following
formula: 
  

							
		 	 Adjusted LIBOR             =
	  	 LIBOR
	  	
		 		  	1 - Eurodollar Reserve Percentage	  	

 “Eurodollar Reserve Percentage” means the maximum reserve percentage, expressed as a decimal,
at which reserves (including, without limitation, any emergency, marginal, special, and supplemental reserves) are imposed by the Board of Governors of the Federal Reserve System (or any successor) on “eurocurrency liabilities”, as
defined in such Board’s Regulation D (or any successor thereto), subject to any amendments of such reserve requirement by such Board or its successor, taking into account any transitional adjustments thereto. For purposes of this
definition, the relevant Loans shall be deemed to be “eurocurrency liabilities” as defined in Regulation D without benefit or credit for any prorations, exemptions or offsets under Regulation D. The Eurodollar Reserve
Percentage shall be adjusted automatically on and as of the effective date of any change in any such reserve percentage. 

  
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 “LIBOR” means, for an Interest Period for a Borrowing of Eurodollar Loans,
(a) the LIBOR Index Rate for such Interest Period, if such rate is available, and (b) if the LIBOR Index Rate cannot be determined, the arithmetic average of the rates of interest per annum (rounded upwards, if necessary, to the nearest
1/100 of 1%) at which deposits in U.S. Dollars in immediately available funds are offered to the Administrative Agent at 11:00 a.m. (London, England time) two (2) Business Days before the beginning of such Interest Period by three
(3) or more major banks in the interbank eurodollar market selected by the Administrative Agent for delivery on the first day of and for a period equal to such Interest Period and in an amount equal or comparable to the principal amount of the
Eurodollar Loan scheduled to be made as part of such Borrowing. 
 “LIBOR Index Rate” means, for any Interest Period, the
rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a period equal to such Interest Period, which appears on the
LIBOR01 Page as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the commencement of such Interest Period. 

“LIBOR01 Page” means the display designated as “LIBOR01 Page” on the Reuters Service (or such other page as
may replace the LIBOR01 Page on that service or such other service as may be nominated by the British Bankers’ Association (or any successor to the British Bankers’ Association) as the information vendor for the purpose of displaying
British Bankers’ Association Interest Settlement Rates for U.S. Dollar deposits). 
 (c) CAD Base Rate Loans. Each CAD Base
Rate Loan made or maintained by a Lender shall bear interest (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced, or
created by conversion from a CAD CDOR, until maturity (whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the CAD Base Rate from time to time in effect, payable by the relevant Borrower on each
Interest Payment Date and at maturity (whether by acceleration or otherwise), provided that interest shall not accrue on any Loan (or portion thereof) for the day such Loan (or portion) is paid as provided in Section 3.1. 

“CAD Base Rate” means, for any day, the per annum rate of interest announced from time to time by the Administrative Agent as
its reference rate then in effect for determining rates of interest on Canadian Dollar Loans to its customers in Canada and designated as its prime rate. Each change in the CAD Base Rate shall be effective immediately from and after such change.

 (d) CAD CDOR Loans. Each CAD CDOR Loan made or maintained by a Lender shall bear interest during each Interest Period it is
outstanding (computed on the basis of a year of 365/366 days and actual days elapsed) on the unpaid principal amount thereof from the date such Loan is advanced or continued, or created by conversion from a CAD Base Rate Loan, until maturity
(whether by acceleration or otherwise) at a rate per annum equal to the sum of the Applicable Margin plus the CAD Fixed Rate applicable for such Interest Period, payable by the relevant Borrower on each Interest Payment Date and at maturity (whether
by acceleration or otherwise), provided that interest shall not accrue on any Loan (or portion thereof) for the day such Loan (or portion) is paid as provided in Section 3.1. 

  
 -9- 

 “CAD Fixed Rate” shall mean, with respect to a CAD CDOR Loan, for any Interest
Period, the rate per annum determined by the Administrative Agent by reference to the average of the rates displayed on the “Reuters Screen CDOR Page” (as defined in the International Swap Dealer Association, Inc. definitions, as amended
from time to time), or such other page as may replace such page on such screen for the purpose of displaying Canadian interbank bid rates for Canadian Dollar bankers’ acceptances) applicable to Canadian Dollar bankers’ acceptances (on a
three hundred sixty-five (365) day basis) with a term comparable to such Interest Period as of 10:00 A.M. (Eastern time) on the first day of such Interest Period (as adjusted by the Administrative Agent after 10:00 A.M. (Eastern time) to
reflect any error in a posted rate or in the posted average annual rate of interest). If, for any reason, the rates on the Reuters Screen CDOR Page are unavailable, then CAD Fixed Rate means the rate of interest determined by the Administrative
Agent that is equal to the rate (rounded upwards to the nearest basis point) quoted by the Canadian Reference Bank as its discount rate for purchase of Canadian Dollar bankers’ acceptances in an amount substantially equal to such CAD CDOR Loan
with a term comparable to such Interest Period as of 10:00 A.M. (Eastern time). No adjustment shall be made to account for the difference between the number of days in a year on which the rates referred to in this definition are based and the number
of days in a year on the basis of which interest is calculated in this Agreement. 
 (e) Rate Determinations. The Administrative
Agent shall determine each interest rate applicable to the Loans and the Reimbursement Obligations hereunder based on the foregoing, and its determination thereof shall be conclusive and binding except in the case of manifest error. The Original
Dollar Amount of each Loan denominated in Canadian Dollars shall be determined or redetermined, as applicable, (i) in the case of CAD CDOR Loans, effective as of the first day of each Interest Period applicable to such Loan, and (ii) in
the case of CAD Base Rate Loans, effective as of the last day of each calendar month. 
 (f) Interest Act (Canada). For purposes of
disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or therein, as applicable, to be computed
on the basis of a three hundred sixty (360) day year or any other period of time less than a calendar year) are equivalent to the rates so determined multiplied by the actual number of days in the applicable calendar year and divided by three
hundred sixty (360) or such other period of time, respectively. 
 Section 1.5. Minimum Borrowing Amounts; Maximum Eurodollar
Loans. Each Borrowing of U.S. Base Rate Loans shall be in an amount not less than $1,000,000 or such greater amount which is an integral multiple of $100,000. Each Borrowing of CAD Base Rate Loans shall be in an amount not less than
CAD $1,000,000 or such greater amount which is an integral multiple of CAD $100,000. Each Borrowing of CAD CDOR Loans shall be in an amount not less than CAD $1,000,000 or such greater amount which is an integral multiple of
$1,000,000. Each Borrowing of Eurodollar Loans advanced, continued or converted shall be in an amount equal to $1,000,000 or such greater amount which is an integral multiple of $1,000,000. Without the Administrative Agent’s consent, there
shall not be more than ten (10) Borrowings of Eurodollar Loans outstanding hereunder and ten (10) Borrowings of CAD CDOR Loans. 

  
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 Section 1.6. Manner of Borrowing Loans and Designating Applicable Interest Rates.
(a) Notice to the Administrative Agent. The Borrower requesting a Borrowing of Loans shall give notice to the Administrative Agent by no later than 10:00 a.m. (Chicago time): (i) at least three (3) Business Days
before the date on which such Borrower requests the Lenders to advance a Borrowing of Eurodollar Loans (ii) on the date such Borrower requests the Lenders to advance a Borrowing of U.S. Base Rate Loans or CAD Base Rate Loans, and (iii) at
least three (3) Business Days before the date on which such Borrower requests the Lenders to advance a Borrowing of CAD CDOR Loans. The Loans included in each Borrowing shall bear interest initially at the type of rate specified in such notice
of a new Borrowing. Thereafter, subject to the terms and conditions hereof, the relevant Borrower may from time to time elect to change or continue the type of interest rate borne by each Borrowing obtained by it hereunder or, subject to the minimum
amount requirement for each outstanding Borrowing set forth in Section 1.5 hereof, a portion thereof, as follows: (i) if such Borrowing is of Eurodollar Loans, on the last day of the Interest Period applicable thereto, such Borrower may
continue part or all of such Borrowing as Eurodollar Loans or convert part or all of such Borrowing into U.S. Base Rate Loans, (ii) if such Borrowing is of U.S. Base Rate Loans, on any Business Day, such Borrower may convert all or part of such
Borrowing into Eurodollar Loans for an Interest Period or Interest Periods specified by such Borrower, (iii) if such Borrowing is of CAD Base Rate Loans, on any Business Day, such Borrower may convert all or part of such Borrowing into CAD CDOR
Loans for an Interest Period or Interest Periods specified by such Borrower, and (iv) if such Borrowing is of CAD CDOR Loans, on the last day of the Interest Period applicable thereto, such Borrower may continue part or all of such Borrowing as
CAD CDOR Loans or convert part or all of such Borrowing into CAD Base Rate Loans. The Borrowers shall give all such notices requesting the advance, continuation or conversion of a Borrowing to the Administrative Agent by telephone, telecopy, or
other telecommunication device acceptable to the Administrative Agent (which notice shall be irrevocable once given and, if by telephone, shall be promptly confirmed in writing), substantially in the form attached hereto as Exhibit B (Notice of
Borrowing) or Exhibit C (Notice of Continuation/Conversion), as applicable, or in such other form acceptable to the Administrative Agent. Notice of the continuation of a Borrowing of Eurodollar Loans for an additional Interest Period or of the
conversion of part or all of a Borrowing of U.S. Base Rate Loans into Eurodollar Loans must be given by no later than 10:00 a.m. (Chicago time) at least three (3) Business Days before the date of the requested continuation or conversion.
Notice of the continuation of a Borrowing of CAD CDOR Loans for an additional Interest Period or of the conversion of part or all of a Borrowing of CAD Base Rate Loans into CAD CDOR Loans must be given by no later than 10:00 a.m. (Chicago time)
at least three (3) Business Days before the date of the requested continuation or conversion. All such notices concerning the advance, continuation or conversion of a Borrowing shall specify the date of the requested advance, continuation or
conversion of a Borrowing (which shall be a Business Day), the amount of the requested Borrowing to be advanced, continued or converted, the type of Loans to comprise such new, continued or converted Borrowing and, if such Borrowing is to be
comprised of Eurodollar Loans, the Interest Period applicable thereto. Upon written notice to the Borrowers by the Administrative Agent or the Required Lenders (or, in the case of an Event of Default under

  
 -11- 

 
Section 9.1(j) or 9.1(k) hereof with respect to any Borrower, without notice), no Borrowing of Eurodollar Loans or CAD CDOR Loans shall be advanced, continued, or created by conversion if
any Event of Default then exists. Each Borrower agrees that the Administrative Agent may rely on any such telephonic, telecopy, or other telecommunication notice given by any person the Administrative Agent in good faith believes is an Authorized
Representative without the necessity of independent investigation, and in the event any such notice by telephone conflicts with any written confirmation such telephonic notice shall govern if the Administrative Agent has acted in good faith reliance
thereon. 
 (b) Notice to the Lenders. The Administrative Agent shall give prompt telephonic, telecopy or other telecommunication
notice to each Lender of any notice from a Borrower received pursuant to Section 1.6(a) above and, if such notice requests the Lenders to make Eurodollar Loans, the Administrative Agent shall give notice to such Borrower and each Lender by like
means of the interest rate applicable thereto promptly after the Administrative Agent has made such determination and, if such Borrowing is denominated in Canadian Dollars, shall give notice by such means to the Borrowers and each Lender of the
Original Dollar Amount thereof. 
 (c) Borrower’s Failure to Notify. If the U.S. Borrower fails to give notice pursuant to
Section 1.6(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.6(a) and such
Borrowing is not prepaid in accordance with Section 1.9(a), such Borrowing shall automatically be converted into a Borrowing of U.S. Base Rate Loans. If the Canadian Borrower fails to give notice pursuant to Section 1.6(a) above of the
continuation or conversion of any outstanding principal amount of a Borrowing of CAD CDOR Loans before the last day of its then current Interest Period within the period required by Section 1.6(a) and such Borrowing is not prepaid in accordance
with Section 1.9(a), such Borrowing shall automatically be converted into a Borrowing of CAD Base Rate Loans. In the event a Borrower fails to give notice pursuant to Section 1.6(a) above of a Borrowing equal to the amount of a
Reimbursement Obligation owed by it and has not notified the Administrative Agent by 12:00 noon (Chicago time) on the day such Reimbursement Obligation becomes due that it intends to repay such Reimbursement Obligation through funds not
borrowed under this Agreement, such Borrower shall be deemed to have requested (i) in the case of the U.S. Borrower, a Borrowing of U.S. Base Rate Loans under the Revolving Credit (or, at the option of the Swing Line Lender, under the Swing
Line) on such day in the amount of the Reimbursement Obligation then due, which Borrowing shall be applied to pay the Reimbursement Obligation then due, and (ii) in the case of the Canadian Borrower, a Borrowing of CAD Base Rate Loans under the
Revolving Credit (or, at the option of the Swing Line Lender, under the Swing Line) on such day in the amount of the Reimbursement Obligation then due. 

(d) Disbursement of Loans. Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing,
subject to Section 7 hereof, each Lender (other than Farm Credit Banks in the case only of CAD Base Rate Loans) shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the
Administrative Agent in Chicago, Illinois (or at such other location as the Administrative Agent shall designate). The Administrative Agent shall make the proceeds of each new Borrowing available to the relevant Borrower at the Administrative
Agent’s principal office in Chicago, 

  
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Illinois in the case of Borrowings denominated in U.S. Dollars or Toronto, Ontario, Canada in the case of Borrowings denominated in Canadian Dollars (or in each case at such other location as the
Administrative Agent shall designate), by depositing or wire transferring such proceeds to the credit of such Borrower’s Designated Disbursement Account or as the relevant Borrower and the Administrative Agent may otherwise agree. 

(e) Administrative Agent Reliance on Lender Funding. Unless the Administrative Agent shall have been notified by a Lender prior to (or,
in the case of a Borrowing of U.S. Base Rate Loans, by 1:00 p.m. (Chicago time) on) the date on which such Lender is scheduled to make payment to the Administrative Agent of the proceeds of a Loan (which notice shall be effective upon receipt)
that such Lender does not intend to make such payment, the Administrative Agent may assume that such Lender has made such payment when due and the Administrative Agent may in reliance upon such assumption (but shall not be required to) make
available to the relevant Borrower the proceeds of the Loan to be made by such Lender and, if any Lender has not in fact made such payment to the Administrative Agent, such Lender shall, on demand, pay to the Administrative Agent the amount made
available to the relevant Borrower attributable to such Lender together with interest thereon in respect of each day during the period commencing on the date such amount was made available to the relevant Borrower and ending on (but excluding) the
date such Lender pays such amount to the Administrative Agent at a rate per annum equal to: (i) from the date the related advance was made by the Administrative Agent to the date two (2) Business Days after payment by such Lender is due
hereunder, the Federal Funds Rate for each such day or, in the case of a Loan denominated in Canadian Dollars, the cost to the Administrative Agent of funding the amount it advanced to fund such Lender’s Loan, as determined by the
Administrative Agent, and (ii) from the date two (2) Business Days after the date such payment is due from such Lender to the date such payment is made by such Lender, the U.S. Base Rate in effect for each such day or, in the case of a
Loan denominated in Canadian Dollars, the CAD Base Rate in effect for each such day. If such amount is not received from such Lender by the Administrative Agent immediately upon demand, the Borrower that received the proceeds of such Loan will, on
demand, repay to the Administrative Agent the proceeds of the Loan attributable to such Lender with interest thereon at a rate per annum equal to the interest rate applicable to the relevant Loan, but without such payment being considered a payment
or prepayment of a Loan under Section 1.12 hereof so that such Borrower will have no liability under such Section with respect to such payment. 

Section 1.7. Swing Loans. (a) Generally. Subject to the terms and conditions hereof, as part of the Revolving Credit,
the Swing Line Lender may, in its discretion, make loans in U.S. Dollars to the U.S. Borrower or Canadian Dollars to the Canadian Borrower under the Swing Line (individually a “Swing Loan” and collectively the “Swing
Loans”) which shall not at any time outstanding exceed the Swing Line Sublimit. Swing Loans may be availed of from time to time and borrowings thereunder may be repaid and used again during the period ending on the Revolving Credit
Termination Date. Each Swing Loan to the U.S. Borrower shall be in a minimum amount of $250,000 or such greater amount which is an integral multiple of $50,000 and each Swing Loan to the Canadian Borrower shall be in a minimum amount of
CAD $250,000 or such greater amount which is an integral multiple of CAD $50,000. 

  
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 (b) Interest on Swing Loans. Each Swing Loan shall bear interest until maturity (whether
by acceleration or otherwise) at a rate per annum equal to the sum of the U.S. Base Rate or the CAD Base Rate, as applicable, plus the Applicable Margin for U.S. Base Rate Loans or CAD Base Rate Loans under the Revolving Credit as from time to time
in effect (computed on the basis of a year of 365 or 366 days, as the case may be, for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the applicable Borrower on each Interest Payment Date and at maturity
(whether by acceleration or otherwise). 
 (c) Requests for Swing Loans. The applicable Borrower shall give the Administrative Agent
prior notice (which may be written or oral) no later than 2:00 p.m. (Chicago time) on the date upon which such Borrower requests that any Swing Loan be made to it, of the amount and date of such Swing Loan. Subject to the terms and conditions
hereof, the proceeds of each Swing Loan extended to a Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the applicable Borrower, the Administrative Agent, and the Swing Line Lender
may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swing Line Lender to make Swing Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swing
Line Lender shall be entitled to assume that the conditions precedent to an advance of any Swing Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders). 

(d) Refunding Loans. In its sole and absolute discretion, the Swing Line Lender may at any time, on behalf of the Borrowers (and the
Borrowers hereby irrevocably authorize the Swing Line Lender to act on their behalf for such purpose) and with notice to the applicable Borrower and the Administrative Agent, request each Lender to make a Revolving Loan in the form of a U.S. Base
Rate Loan or CAD Base Rate Loan, as applicable, in an amount equal to such Lender’s Revolver Percentage of the amount of the Swing Loans outstanding on the date such notice is given, subject to Section 1.1(b) and (c) hereof. Unless an
Event of Default described in Section 9.1(j) or 9.1(k) exists with respect to the U.S. Borrower or the Canadian Borrower, as applicable, regardless of the existence of any other Event of Default, each Lender shall make the proceeds of its
requested Revolving Loan available to the Administrative Agent for the account of the Swing Line Lender, in immediately available funds in U.S. Dollars or Canadian Dollars, at the Administrative Agent’s office in Chicago, Illinois (or such
other location designated by the Administrative Agent), before 12:00 Noon (Chicago time) on the Business Day following the day such notice is given, subject to Section 1.1(b) and (c) hereof. The Administrative Agent shall promptly remit
the proceeds of such Borrowing to the Swing Line Lender to repay the outstanding Swing Loans. 
 (e) Participations. If any Lender
refuses or otherwise fails to make a Revolving Loan when requested by the Swing Line Lender pursuant to Section 1.7(d) above (because an Event of Default described in Section 9.1(j) or 9.1(k) exists with respect to the U.S. Borrower or the
Canadian Borrower or otherwise), such Lender will, by the time and in the manner such Revolving Loan was to have been funded to the Swing Line Lender, purchase from the Swing Line Lender an undivided participating interest in the outstanding Swing
Loans in an amount equal to its Revolver Percentage of the aggregate principal amount of Swing Loans that were to have been repaid with such Revolving Loans. Each Lender that so purchases a participation in a

  
 -14- 

 
Swing Loan shall thereafter be entitled to receive its Revolver Percentage of each payment of principal received on the Swing Loan and of interest received thereon accruing from the date such
Lender funded to the Swing Line Lender its participation in such Loan. The several obligations of the Lenders under this Section shall be absolute, irrevocable, and unconditional under any and all circumstances whatsoever and shall not be subject to
any set-off, counterclaim or defense to payment which any Lender may have or have had against any Borrower, any other Lender, or any other Person whatsoever. Without limiting the generality of the foregoing,
such obligations shall not be affected by any Default or Event of Default or by any reduction or termination of the Revolving Credit Commitments of any Lender, and each payment made by a Lender under this Section shall be made without any offset,
abatement, withholding, or reduction whatsoever. 
 Section 1.8. Maturity of Loans. (a) Scheduled Payments of Revolving
Loans. Each Revolving Loan, both for principal and interest not sooner paid, shall mature and be due and payable by the Borrower that borrowed such Loan on the Revolving Credit Termination Date.  

(b) Swing Loans. Each Swing Loan, both for principal and interest not sooner paid, shall mature and be due and payable by the
U.S. Borrower on the Revolving Credit Termination Date.  
 Section 1.9. Prepayments. (a) Optional. Any
Borrower may prepay in whole or in part (but, if in part, then: (i) if such Borrowing is of U.S. Base Rate Loans, in an amount not less than $1,000,000 or such greater amount which is an integral multiple of $100,000, (ii) if such
Borrowing is of Eurodollar Loans, in an amount not less than $5,000,000 or such greater amount which is an integral multiple of $1,000,000, (iii) if such Borrowing is of CAD Base Rate Loans, in Canadian Dollars in an amount not less than
CAD $1,000,000 or such greater amount which is an integral multiple of CAD $100,000, (iv) if such Borrowing is of CAD CDOR Loans, in Canadian Dollars in an amount not less than CAD $5,000,000 or such greater amount which is an
integral multiple of CAD $1,000,000, and (v) in each case, in an amount such that the minimum amount required for a Borrowing pursuant to Section 1.5 and 1.7 hereof remains outstanding) any Borrowing of Eurodollar Loans on the last
day of the Interest Period therefor and at any other time upon (A) three (3) Business Days prior notice by such Borrower to the Administrative Agent, (B) in the case of a Borrowing of U.S. Base Rate Loans, notice delivered by such
Borrower to the Administrative Agent no later than 10:00 a.m. (Chicago time) on the date of prepayment, (C) in the case of any Borrowing of CAD CDOR Loans on the last day of the Interest Period therefor and at any other time upon three
(3) Business Days prior notice by such Borrower to the Administrative Agent, or (D) in the case of a Borrowing of CAD Base Rate Loans, notice delivered by such Borrower to the Administrative Agent no later than 10:00 a.m. (Chicago
time) on the date of prepayment (or, in any case of (A) through (D) above, such shorter period of time then agreed to by the Administrative Agent), such prepayment to be made by the payment of the principal amount to be prepaid and, in the
case of any Eurodollar Loans, CAD CDOR Loans or Swing Loans, accrued interest thereon to the date fixed for prepayment plus any amounts due the Lenders under Section 1.12 hereof.  

  
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 (b) Mandatory. (i) Each Borrower shall, on each date the Revolving Credit
Commitments are reduced pursuant to Section 1.13 hereof, prepay its own Revolving Loans, Swing Loans, and, if necessary, prefund its own L/C Obligations by the aggregate amount, if any, necessary to reduce the sum of the aggregate principal
amount of Revolving Loans, Swing Loans, and L/C Obligations then outstanding to the amount to which the Revolving Credit Commitments have been so reduced.  

(ii) If at any time (A) for any reason other than fluctuations in currency exchange rates, the sum of the aggregate Original Dollar
Amount of Revolving Loans, the aggregate Original Dollar Amount of Swing Loans, and the aggregate U.S. Dollar Equivalent of all L/C Obligations then outstanding shall be in excess of the Revolving Credit Commitments then in effect, and
(B) solely as a result of fluctuations in currency exchange rates, the sum of the aggregate Original Dollar Amount of Revolving Loans, the aggregate Original Dollar Amount of Swing Loans, and the aggregate U.S. Dollar Equivalent of all L/C
Obligations then outstanding shall be in excess of 105% of the Revolving Credit Commitments then in effect, each Borrower shall (1) immediately without notice or demand in the circumstances described in clause (A) and (2) within
3 Business Days after notice from the Administrative Agent in the circumstances described in clause (B), pay over the amounts which in aggregate equal such excess to the Administrative Agent for the account of the Lenders as and for a
mandatory prepayment on such Obligations, with each such prepayment first to be applied to each such Borrower’s applicable Revolving Loans and Swing Loans until paid in full with any remaining balance to be held by the Administrative Agent in
the Collateral Account as security for each Borrower’s Obligations owing with respect to such Borrower’s Letters of Credit. 

(iii) Unless the U.S. Borrower prepaying a Loan otherwise directs, prepayments of Loans under this Section 1.9(b) in U.S. Dollars shall
be applied first to Borrowings of U.S. Base Rate Loans made to such Borrower until payment in full thereof with any balance applied to Borrowings of Eurodollar Loans made to such Borrower in the order in which their Interest Periods expire, and
prepayments by the Canadian Borrower of Loans under this Section 1.9(b) in Canadian Dollars shall be applied first to Borrowings of CAD Base Rate Loans made to such Borrower until payment in full thereof with any balance applied to Borrowings
of CAD CDOR Loans made to such Borrower in the order in which their Interest Periods expire. Each prepayment of Loans under this Section 1.9(b) shall be made by the payment of the principal amount to be prepaid and, in the case of any
Eurodollar Loans, CAD CDOR Loans or Swing Loans, accrued interest thereon to the date of prepayment together with any amounts due the Lenders under Section 1.12 hereof. Each prefunding of L/C Obligations shall be made in accordance with
Section 9.4 hereof. 
 (c) Any amount of Revolving Loans and Swing Loans paid or prepaid before the Revolving Credit Termination Date
may, subject to the terms and conditions of this Agreement, be borrowed, repaid and borrowed again. 
 Section 1.10. Default
Rate. Notwithstanding anything to the contrary contained herein, while any Event of Default exists or after acceleration, each Borrower shall pay, after written notice from the Administrative Agent, interest (after as well as before entry of
judgment thereon to the extent permitted by law) on the principal amount of all Loans and Reimbursement Obligations owed by it under the Loan Documents, and letter of credit fees from the date of such Event of Default or acceleration at a rate per
annum equal to: 

  
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 (a) for any U.S. Base Rate Loan or any Swing Loan bearing interest based on the
U.S. Base Rate, the sum of 2.0% plus the Applicable Margin plus the U.S. Base Rate from time to time in effect; 

(b) for any Eurodollar Loan, the sum of 2.0% plus the rate of interest in effect thereon at the time of such default
until the end of the Interest Period applicable thereto and, thereafter, at a rate per annum equal to the sum of 2.0% plus the Applicable Margin for U.S. Base Rate Loans plus the U.S. Base Rate from time to time in effect; 

(c) for any Reimbursement Obligation, the sum of 2.0% plus the amounts due under Section 1.3 with respect to such
Reimbursement Obligation; 
 (d) for any Letter of Credit, the sum of 2.0% plus the letter of credit fee due under
Section 2.1 with respect to such Letter of Credit; 
 (e) for any CAD Base Rate Loan or any Swing Loan bearing interest
based on the CAD Base Rate, the sum of 2.0% plus the Applicable Margin plus the CAD Base Rate from time to time in effect; and 

(f) for any CAD CDOR Loan, the sum of 2.0% plus the rate of interest in effect thereon at the time of such default until
the end of the Interest Period applicable thereto and, thereafter, at a rate per annum equal to the sum of 2.0% plus the Applicable Margin for CAD Base Rate Loans plus the CAD Base Rate from time to time in effect; 

provided, however, that in the absence of acceleration or a Principal Payment Default (as defined below), any interest adjustments pursuant to this
Section shall only be made at the election of the Required Lenders, with written notice to the Borrowers. If any principal amount of any Loan or Reimbursement Obligation is not paid when due (a “Principal Payment Default”) such
principal amount shall bear interest at the rates specified in subsections (a) through (f) above until paid in full. While any Event of Default exists or after acceleration, interest as adjusted under this Section 1.10 shall be paid
on demand of the Administrative Agent at the request or with the consent of the Required Lenders.  
 Section 1.11. Evidence
of Indebtedness. (a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made to such Borrower by such Lender from time
to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 
 (b) The
Administrative Agent shall also maintain accounts in which it will record (i) the amount of each Loan made hereunder, the type thereof and the Interest Period with respect thereto, (ii) the amount of any principal or interest due and
payable or to become due and payable from each Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from each Borrower and each Lender’s share thereof. 

  
 -17- 

 (c) The entries maintained in the accounts maintained pursuant to paragraphs (a) and
(b) above shall be prima facie evidence of the existence and amounts of the Obligations therein recorded; provided, however, that the failure of the Administrative Agent or any Lender to maintain such accounts or any error therein
shall not in any manner affect the obligation of any Borrower to repay its Obligations in accordance with their terms. 
 (d)
Any Lender may request that its Loans to each Borrower be evidenced by a promissory note or notes of such Borrower in the forms of Exhibit D-1 (in the case of its Revolving Loans and referred to herein as a
“Revolving Note”), or D-2 (in the case of its Swing Loans and referred to herein as a “Swing Note”), as applicable (the Revolving Notes, and Swing Notes being hereinafter
referred to collectively as the “Notes” and individually as a “Note”). In such event, each Borrower shall prepare, execute and deliver to such Lender a Note payable to such Lender or its registered assigns.
Thereafter, the Loans evidenced by such Note or Notes and interest thereon shall at all times (including after any assignment pursuant to Section 13.12) be represented by one or more Notes of the relevant Borrower payable to the order of the
payee named therein or any assignee pursuant to Section 13.12, except to the extent that any such Lender or assignee subsequently returns any such Note to the relevant Borrower for cancellation and requests that such Loans once again be
evidenced as described in subsections (a) and (b) above. 
 Section 1.12. Funding Indemnity. If any Lender shall
incur any loss, cost or expense (including, without limitation, any loss, cost or expense incurred by reason of the liquidation or re-employment of deposits or other funds acquired by such Lender to fund or
maintain any Eurodollar Loan or CAD CDOR Loan or the relending or reinvesting of such deposits or amounts paid or prepaid to such Lender) as a result of: 

(a) any payment, prepayment or conversion of a Eurodollar Loan or CAD CDOR Loan on a date other than the last day of its
Interest Period, 
 (b) any failure (because of a failure to meet the conditions of Section 7 or otherwise) by a
Borrower to borrow or continue a Eurodollar Loan or CAD CDOR Loan, or to convert a U.S. Base Rate Loan into a Eurodollar Loan on the date specified in a notice given pursuant to Section 1.6(a) hereof or to convert a CAD Base Rate Loan into a
CAD CDOR Loan on the date specified in a notice given pursuant to Section 1.6(a) hereof, 
 (c) any failure by a
Borrower to make any payment of principal on any Eurodollar Loan or CAD CDOR Loan when due (whether by acceleration or otherwise), or 

(d) any acceleration of the maturity of a Eurodollar Loan or CAD CDOR Loan as a result of the occurrence of any Event of
Default hereunder, 
 then, upon the demand of such Lender, the relevant Borrower shall pay to such Lender such amount as will reimburse such Lender for
such loss, cost or expense. If any Lender makes such a claim for compensation, it shall provide to the relevant Borrower, with a copy to the Administrative Agent, a certificate setting forth the amount of such loss, cost or expense in reasonable
detail and the amounts shown on such certificate shall be conclusive if reasonably deemed prime facie correct. 

  
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 Section 1.13. Commitment Terminations. (a) Optional Revolving Credit
Terminations. The Borrowers shall have the right at any time and from time to time, upon five (5) Business Days prior written notice to the Administrative Agent (or such shorter period of time agreed to by the Administrative Agent), to
terminate the Revolving Credit Commitments without premium or penalty and in whole or in part, any partial termination to be (i) in an amount not less than U.S.$10,000,000 and (ii) allocated ratably among the Lenders in proportion to their
respective Revolver Percentages, provided that the Revolving Credit Commitments may not be reduced to an amount less than the sum of the Original Dollar Amount of Revolving Loans and Swing Loans and the U.S. Dollar Equivalent of all
L/C Obligations then outstanding. Any termination of the Revolving Credit Commitments below the L/C Sublimit or the Swing Line Sublimit then in effect shall reduce the L/C Sublimit and Swing Line Sublimit, as applicable, by a like
amount. The Administrative Agent shall give prompt notice to each Lender of any such termination of the Revolving Credit Commitments. 

(b) Any termination of the Revolving Credit Commitments pursuant to this Section 1.13 may not be reinstated. 

Section 1.14. Substitution of Lenders. In the event (a) any Borrower receives a claim from any Lender for compensation under
Section 10.3 or 13.1 hereof, (b) any Borrower receives notice from any Lender of any illegality pursuant to Section 10.1 hereof, (c) any Lender is then a Defaulting Lender or such Lender is a Subsidiary or Affiliate of a Person
who has been deemed insolvent or becomes the subject of a bankruptcy or insolvency proceeding or a receiver or conservator or like Person has been appointed for any such Person, or (d) a Lender fails to consent to an amendment or waiver
requested under Section 13.13 hereof at a time when the Required Lenders have approved such amendment or waiver (any such Lender referred to in clause (a), (b), (c), or (d) above being hereinafter referred to as an “Affected
Lender”), the Borrowers may, in addition to any other rights the Borrowers may have hereunder or under applicable law, require, at the Borrowers’ expense, any such Affected Lender to assign, at par, without recourse, all of its
interest, rights, and obligations hereunder (including all of its Revolving Credit Commitments and the Loans and participation interests in Letters of Credit and other amounts at any time owing to it hereunder and the other Loan Documents) to an
Eligible Assignee specified by the Borrowers, provided that (i) such assignment shall not conflict with or violate any law, rule or regulation or order of any court or other governmental authority, (ii) the Borrowers shall have paid
to the Affected Lender all monies (together with amounts due such Affected Lender under Section 1.12 hereof as if the Loans owing to it were prepaid rather than assigned and any amounts due such Lender under Sections 10.3 and 13.1 hereof)
other than such principal owing to it hereunder, and (iii) the assignment is entered into in accordance with, and subject to the consents required by, Section 13.12 hereof (provided any assignment fees and reimbursable expenses due
thereunder shall be paid by the Borrowers).  

  
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 Section 1.15. Defaulting Lenders. Anything contained herein to the contrary
notwithstanding, in the event that any Lender at any time is a Defaulting Lender, then (a) during any Defaulting Lender Period with respect to such Defaulting Lender, such Defaulting Lender shall be deemed not to be a “Lender”
for purposes of voting on any matters (including the granting of any consents or waivers) with respect to any of the Loan Documents and such Defaulting Lender’s Revolving Credit Commitments shall be excluded for purposes of determining
“Required Lenders” (provided that the foregoing shall not permit an increase in such Lender’s Revolving Credit Commitments or an extension of the maturity date of such Lender’s Loans or other Obligations without such
Lender’s consent); (b) to the extent permitted by applicable law, until such time as the Defaulting Lender Excess with respect to such Defaulting Lender shall have been reduced to zero, any voluntary prepayment of the Loans shall, if the
Administrative Agent so directs at the time of making such voluntary prepayment, be applied to the Loans of other Lenders as if such Defaulting Lender had no Loans outstanding; (c) such Defaulting Lender’s Revolving Credit Commitments and
outstanding Loans shall be excluded for purposes of calculating any facility fee payable to Lenders pursuant to Section 2.1 in respect of any day during any Defaulting Lender Period with respect to such Defaulting Lender, and such Defaulting
Lender shall not be entitled to receive any fee pursuant to Section 2.1 with respect to such Defaulting Lender’s Revolving Credit Commitment in respect of any Defaulting Lender Period with respect to such Defaulting Lender (and any Letter
of Credit fee otherwise payable to a Lender who is a Defaulting Lender shall instead be paid to the L/C Issuer for its use and benefit); (d) the utilization of Revolving Credit Commitments as at any date of determination shall be calculated as
if such Defaulting Lender had funded all Loans of such Defaulting Lender; and (e) if so requested by the L/C Issuer at any time during the Defaulting Lender Period with respect to such Defaulting Lender, each Borrower shall deliver to the
Administrative Agent cash collateral in an amount equal to such Defaulting Lender’s Revolver Percentage of L/C Obligations owed by such Borrower that are then outstanding (to be, held by the Administrative Agent as set forth in Section 9.4
hereof). No Revolving Credit Commitment of any Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in this Section 1.15, performance by any Borrower of its obligations hereunder and the other Loan
Documents shall not be excused or otherwise modified as a result of the operation of this Section 1.15. The rights and remedies against a Defaulting Lender under this Section 1.15 are in addition to other rights and remedies which the
Borrowers may have against such Defaulting Lender and which the Administrative Agent or any Lender may have against such Defaulting Lender. 

SECTION 2. FEES. 

Section 2.1. Fees. (a) Revolving Credit Facility Fee. The Borrowers shall pay to the Administrative Agent for the
ratable account of the Lenders in accordance with their Revolver Percentages a facility fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual number of
days elapsed) on the average daily Revolving Credit Commitments, whether or not in use. Such facility fee shall be payable quarterly in arrears on the last day of each January, April, July and October in each year (commencing on the first such date
occurring after the date hereof) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the facility fee for the period to the date of such termination in
whole shall be paid on the date of such termination.  

  
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 (b) Letter of Credit Fees. On the date of issuance or extension, or increase in the
amount, of any Letter of Credit pursuant to Section 1.3 hereof, the Borrower for whose account such Letter of Credit is issued, extended or increased shall pay to the L/C Issuer for its own account a fronting fee equal to the percentage
specified in the fee letter dated July 16, 2013, between the Administrative Agent and the U.S. Borrower (the “BMO Fee Letter”) of the face amount of (or of the increase in the face amount of) such Letter of Credit. Quarterly in
arrears, on the last day of each January, April, July and October, commencing on the first such date occurring after the date hereof, each Borrower shall pay for each Letter of Credit issued for its account to the Administrative Agent, for the
ratable benefit of the Lenders in accordance with their Revolver Percentages, a letter of credit fee at a rate per annum equal to the Applicable Margin (computed on the basis of a year of 365 or 366 days, as the case may be, and the actual
number of days elapsed) in effect during each day of such quarter applied to the daily average face amount of Letters of Credit issued for such Borrower’s account that were outstanding during such quarter. In addition, each Borrower shall pay
to the L/C Issuer for its own account the L/C Issuer’s standard issuance, drawing, negotiation, amendment, assignment, and other administrative fees for each Letter of Credit issued for its account as established by the
L/C Issuer from time to time. All fees payable pursuant to this Section 2.1(b) shall be paid in the currency in which the relevant Letter of Credit is issued. 

(c) Administrative Agent Fees. The U.S. Borrower shall pay to the Administrative Agent, for its own use and benefit, the fees
agreed to between the Administrative Agent and the U.S. Borrower in the BMO Fee Letter, or as otherwise agreed to in writing between them. 

SECTION 3. PLACE AND APPLICATION OF PAYMENTS. 

Section 3.1. Place and Application of Payments. All payments of principal of and interest on the Loans and the Reimbursement
Obligations, and of all other Obligations payable by each Borrower under this Agreement and the other Loan Documents, shall be made by each Borrower to the Administrative Agent by no later than 12:00 Noon (Chicago time) on the due date thereof
at the office of the Administrative Agent in Chicago, Illinois in the case of payments by the U.S. Borrower or Toronto, Canada in the case of payments by the Canadian Borrower (or in each case such other location as the Administrative Agent may
designate to the Borrowers), for the benefit of the Lender(s) or L/C Issuer entitled thereto. Any payments received after such time shall be deemed to have been received by the Administrative Agent on the next Business Day. All such payments
shall be made in U.S. Dollars, in the case of Obligations denominated in U.S. Dollars, or Canadian Dollars, in the case of Obligations denominated in Canadian Dollars, in immediately available funds at the place of payment, in each case without set-off or counterclaim. The Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or interest on Loans and on Reimbursement Obligations in which the
Lenders have purchased Participating Interests ratably to the Lenders and like funds relating to the payment of any other amount payable to any Lender to such Lender, in each case to be applied in accordance with the terms of this Agreement. If the
Administrative Agent causes amounts to be distributed to the Lenders in reliance upon the assumption that a Borrower will make a scheduled payment and such scheduled payment is not so made, each Lender shall, on demand, repay to the Administrative
Agent the amount distributed to such Lender together with interest thereon in respect of each day during the period  

  
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commencing on the date such amount was distributed to such Lender and ending on (but excluding) the date such Lender repays such amount to the Administrative Agent, at a rate per annum equal to:
(i) from the date the distribution was made to the date two (2) Business Days after payment by such Lender is due hereunder, (x) if such scheduled payment was to be made in U.S. Dollars, the Federal Funds Rate for each such day, and
(y) if such scheduled payment was to be made in Canadian Dollars, the cost to the Administrative Agent of funding such amount, and (ii) from the date two (2) Business Days after the date such payment is due from such Lender to the
date such payment is made by such Lender, (x) if such scheduled payment was to be made in U.S. Dollars, the U.S. Base Rate for each such day, and (y) if such scheduled payment was to be made in Canadian Dollars, the CAD Base Rate in effect
for each such day. 
 Anything contained herein to the contrary notwithstanding (including, without limitation, Section 1.9(b) hereof),
all payments and collections received in respect of the Obligations by the Administrative Agent or any of the Lenders after acceleration or the final maturity of the Obligations or termination of the Revolving Credit Commitments as a result of an
Event of Default shall be remitted to the Administrative Agent and distributed as follows: 
 (a) first, to the payment of
any outstanding costs and expenses incurred by the Administrative Agent, in protecting, preserving or enforcing rights under the Loan Documents, and in any event including all costs and expenses of a character which the Borrowers have agreed to pay
the Administrative Agent under Section 13.15 hereof (such funds to be retained by the Administrative Agent for its own account unless it has previously been reimbursed for such costs and expenses by the Lenders, in which event such amounts
shall be remitted to the Lenders to reimburse them for payments theretofore made to the Administrative Agent); 
 (b) second,
to the payment of the Swing Loans, both for principal and accrued but unpaid interest; 
 (c) third, to the payment of any
outstanding interest and fees due under the Loan Documents to be allocated pro rata in accordance with the aggregate unpaid amounts owing to each holder thereof; 

(d) fourth, to the payment of principal on the Loans (other than Swing Loans), unpaid Reimbursement Obligations, together with
amounts to be held by the Administrative Agent as collateral security for any outstanding L/C Obligations pursuant to Section 9.4 hereof (until the Administrative Agent is holding an amount of cash equal to the then outstanding amount of
all such L/C Obligations), aggregate amount paid to, or held as collateral security for, the Lenders and L/C Issuer to be allocated pro rata in accordance with the aggregate unpaid amounts owing to each holder thereof; 

(e) fifth, to the payment of all other unpaid Obligations to be allocated pro rata in accordance with the aggregate unpaid
amounts owing to each holder thereof; and 
 (f) finally, to the relevant Borrower or whoever else may be lawfully entitled
thereto. 

  
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 SECTION 4. GUARANTIES. 

Section 4.1. Guaranties. The payment and performance of the Obligations of the U.S. Borrower shall at all times be guaranteed by
each direct and indirect existing or future Domestic Subsidiary or group of Domestic Subsidiaries of the U.S. Borrower which guaranty the payment of other Material Indebtedness of the U.S. Borrower, and the payment and performance of the Obligations
of the Canadian Borrower shall at all times be guaranteed by the U.S. Borrower and by each direct and indirect existing or future Subsidiary or group of Subsidiaries of the Canadian Borrower which guaranty the payment of other Material Indebtedness
of the Canadian Borrower, in each case pursuant to Section 12 hereof or pursuant to one or more guaranty agreements in form and substance acceptable to the Administrative Agent, as the same may be amended, modified or supplemented from time to
time (individually a “Guaranty” and collectively the “Guaranties”; and the U.S. Borrower in its capacity of a guarantor of the Canadian Borrower’s Obligations and each such Subsidiary executing and delivering
this Agreement as a Guarantor (including any Subsidiary hereafter executing and delivering an Additional Guarantor Supplement in the form called for by Section 12 hereof) or a separate Guaranty being referred to herein as a
“Guarantor” and collectively the “Guarantors”).  
 Section 4.2. Further Assurances. In
the event any Subsidiary is required pursuant to the terms of Section 4.1 above to become a Guarantor hereunder, the U.S. Borrower shall cause such Subsidiary to execute a Guaranty or an Additional Guarantor Supplement in the form attached as
Exhibit F, and the U.S. Borrower shall also deliver to the Administrative Agent, or cause such Subsidiary to deliver to the Administrative Agent, at such Borrower’s cost and expense, such other instruments, documents, certificates, and
opinions reasonably required by the Administrative Agent in connection therewith. 
 SECTION 5. DEFINITIONS;
INTERPRETATION. 
 Section 5.1. Definitions. The following terms when used herein shall have the following
meanings: 
 “Acquired Business” means the entity or assets acquired by a Borrower or a Subsidiary in an
Acquisition, whether before or after the date hereof. 
 “Acquisition” means any transaction or series of related
transactions for the purpose of or resulting, directly or indirectly, in (a) the acquisition of all or substantially all of the assets of a Person, or of any business or division of a Person, (b) the acquisition of in excess of 50% of the
capital stock, partnership interests, membership interests or equity of any Person (other than a Person that is a Subsidiary), or otherwise causing any Person to become a Subsidiary, or (c) a merger or consolidation or any other combination
with another Person (other than a Person that is a Subsidiary) provided that a Borrower or the Subsidiary is the surviving entity. 

“Adjusted LIBOR” is defined in Section 1.4(b) hereof. 

“Administrative Agent” means Bank of Montreal, in its capacity as Administrative Agent hereunder, and any successor in such
capacity pursuant to Section 11.7 hereof. 

  
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 “Administrative Questionnaire” means an Administrative Questionnaire in a form
supplied by the Administrative Agent. 
 “Affiliate” means any Person directly or indirectly controlling or
controlled by, or under direct or indirect common control with, another Person. A Person shall be deemed to control another Person for purposes of this definition if such Person possesses, directly or indirectly, the power to direct, or cause the
direction of, the management and policies of the other Person, whether through the ownership of voting securities, common directors, trustees or officers, by contract or otherwise. 

“Agreement” means this Third Amended and Restated Credit Agreement, as the same may be amended, modified, restated or
supplemented from time to time pursuant to the terms hereof. 
 “Applicable Margin” means, with respect to Loans,
Reimbursement Obligations, and the facility fees and letter of credit fees payable under Section 2.1 hereof, until the first Pricing Date, the rates per annum shown opposite Level III below, and thereafter from one Pricing Date to the next
the Applicable Margin means the rates per annum determined in accordance with the following schedule: 
  

																							
	LEVEL	  	 RATINGS

(S&P/MOODY’S)
	  	
APPLICABLE
MARGIN FOR U.S.
BASE RATE 
LOANS
UNDER REVOLVING
CREDIT AND
REIMBURSEMENT
OBLIGATIONS SHALL

BE:
	 	 	APPLICABLE
MARGIN FOR
EURODOLLAR
LOANS UNDER
REVOLVING
CREDIT
AND
LETTER OF
CREDIT FEE
SHALL BE:	 	 	APPLICABLE
MARGIN FOR
CAD BASE RATE
LOANS
UNDER
REVOLVING
CREDIT AND
REIMBURSEMENT
OBLIGATIONS
SHALL BE:	 	 	APPLICABLE
MARGIN FOR
CAD CDOR
LOANS UNDER
REVOLVING
CREDIT
AND
LETTER OF
CREDIT FEE
SHALL BE:	 	 	APPLICABLE
MARGIN FOR
FACILITY FEE
SHALL BE:	 
	 VI
	  	Less than or equal to BBB-/Baa3	  	 	0.20	% 	 	 	1.20	% 	 	 	0.20	% 	 	 	1.20	% 	 	 	0.175	% 
	 V
	  	BBB/Baa2	  	 	0.10	% 	 	 	1.10	% 	 	 	0.10	% 	 	 	1.10	% 	 	 	0.150	% 
	 IV
	  	BBB+/Baa1	  	 	0.00	% 	 	 	1.00	% 	 	 	0.00	% 	 	 	1.00	% 	 	 	0.125	% 
	 III
	  	A-/A3	  	 	0.00	% 	 	 	0.90	% 	 	 	0.00	% 	 	 	0.90	% 	 	 	0.100	% 
	 II
	  	A/A2	  	 	0.00	% 	 	 	0.80	% 	 	 	0.00	% 	 	 	0.80	% 	 	 	0.075	% 
	 I
	  	Greater than or equal to A+/A1	  	 	0.00	% 	 	 	0.70	% 	 	 	0.00	% 	 	 	0.70	% 	 	 	0.050	% 

 For purposes hereof, the term “Rating” means the rating assigned by S&P or Moody’s to the
U.S. Borrower’s long-term unsecured senior Debt, and the term “Pricing Date” means any date on which any Rating is changed, withdrawn, suspended or otherwise unavailable for any reason. The Applicable Margin shall be
established based on the Ratings in effect from time to time and the Applicable Margin established on a Pricing Date shall remain in effect until the next Pricing  

  
 -24- 

 
Date, provided, however that (a) if both S&P and Moody’s establish a Rating and the Ratings are in adjoining Levels, the Rating in the higher Level will apply,
(b) if both S&P and Moody’s establish a Rating and the Ratings differ by more than one Level, the Rating that is one Level higher than the lowest Level will apply, (c) if there is only one Rating, the Rating that is one Level
lower than such Rating will apply, and (d) if there are no Ratings, Level VI shall apply. Any change in the Applicable Margin resulting from a change, withdrawal, suspension or unavailability of a Rating shall be and become effective as of and
on the date of the announcement of the change, withdrawal, suspension or unavailability of such Rating. Each determination of the Applicable Margin made by the Administrative Agent in accordance with the foregoing shall be conclusive and binding on
the Borrowers and the Lenders absent demonstrable error.  
 “Application” is defined in Section 1.3(b)
hereof. 
 “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an
Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Assignment
and Acceptance” means an assignment and acceptance entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 13.12 hereof), and accepted by the Administrative Agent, in
substantially the form of Exhibit G or any other form approved by the Administrative Agent. 
 “Authorized
Representative” means those persons shown on the list of officers provided by each Borrower pursuant to Section 7.2 hereof or on any update of any such list provided by any Borrower to the Administrative Agent, or any further or
different officers of any Borrower so named by any Authorized Representative of such Borrower in a written notice to the Administrative Agent. 

“BMO Fee Letter” is defined in Section 2.1(b). 

“Borrower” and “Borrowers” are defined in the introductory paragraph of this Agreement. 

“Borrowing” means the total of Loans of a single type advanced, continued for an additional Interest Period, or converted
from a different type into such type by the Lenders on a single date and, in the case of Eurodollar Loans, for a single Interest Period. Borrowings of Loans are made and maintained ratably from each of the Lenders according to their Revolver
Percentages. A Borrowing is “advanced” on the day Lenders advance funds comprising such Borrowing to a Borrower, is “continued” on the date a new Interest Period for the same type of Loans commences for such
Borrowing, and is “converted” when such Borrowing is changed from one type of Loans to the other, all as determined pursuant to Section 1.6 hereof. Borrowings of Swing Loans are made by the Swing Line Lender in accordance with
the procedures set forth in Section 1.7 hereof. 

  
 -25- 

 “Business Day” means (a) any day (other than a Saturday or Sunday) on which
banks are not authorized or required to close in Chicago, Illinois and, if the applicable Business Day relates to the advance or continuation of, or conversion into, or payment of a Eurodollar Loan, on which banks are dealing in U.S. Dollar
deposits in the interbank eurodollar market in London, England and Nassau, Bahamas, and (b) if the applicable Business Day relates to a CAD Base Rate Loan or a CAD CDOR Loan, a day of the year on which Canadian banks are open for dealings in
Toronto, Ontario, Canada. 
 “CAD,” “CAD $” or “Canadian Dollar” shall mean lawful
money of Canada. 
 “CAD Base Rate” is defined in Section 1.4(c). 

“CAD Base Rate Lenders” means all Lenders that are not Farm Credit Banks. 

“CAD Base Rate Loan” means a Loan bearing interest at a rate specified in Section 1.4(c) hereof. 

“CAD Base Rate Loan Percentage” means, for each CAD Base Rate Lender, the percentage of the aggregate Revolving Credit
Commitments of all CAD Base Rate Lenders represented by such Lender’s Revolving Credit Commitment. 
 “CAD CDOR
Loan” means a Loan bearing interest at a rate specified in Section 1.4(c) hereof. 
 “CAD Fixed Rate”
is defined in Section 1.4(d). 
 “Canadian Benefit Plan” means a plan, fund, program, or policy, formal or
informal, funded or unfunded, insured or uninsured, providing employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement, fringe, incentive, supplemental, change of control or
savings benefits, governed by Canadian law, under which any Borrower or one of its Subsidiaries has any liability or contingent liability with respect to any employee or former employee, but excluding any Canadian Pension Plan. 

“Canadian Pension Plan” means a pension plan required to be registered under Canadian federal or provincial law that is
maintained or contributed to by any Borrower or one of its Subsidiaries for their employees or former employees, or that any Borrower or one of its Subsidiaries have any liability or contingent liability, but does not include the Canada Pension Plan
or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively. 
 “Canadian
Reference Bank” shall mean Bank of Montreal. 
 “Capital Lease” means any lease of Property which in
accordance with GAAP is required to be capitalized on the balance sheet of the lessee. 

  
 -26- 

 “Capitalized Lease Obligation” means, for any Person, the amount of the
liability shown on the balance sheet of such Person in respect of a Capital Lease determined in accordance with GAAP. 

“Change of Control” means  

(a) the acquisition of ownership or voting control, directly or indirectly, beneficially or of record, on or after the Closing
Date, by any Person or group (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934 (the “1934 Act”), as then in effect), of shares representing more than fifty percent
(50%) of the aggregate Ordinary Voting Power represented by the issued and outstanding capital stock of the U.S. Borrower; provided that the foregoing restriction shall not apply to acquisitions of capital stock by the Smucker Family so
long as the acquisition by the Smucker Family of such Voting Power shall not result, directly or indirectly, in a “going private transaction” within the meaning of the 1934 Act; 

(b) the occupation of a majority of the seats (other than vacant seats) on the board of directors of the U.S. Borrower by
Persons who were neither (i) nominated by the board of directors of the U.S. Borrower nor (ii) appointed by directors so nominated; 

(c) the sale or transfer of all or substantially all of the assets of the U.S. Borrower, in a single transaction or a series of
related transactions, to any person (within the meaning of Rule 13d-3 of the Securities Exchange Commission under the 1934 Act, as in effect on the Closing Date) or related persons constituting a group (within the meaning of Rule 13d-3 of the
Securities Exchange Commission under the 1934 Act, as in effect on the Closing Date); or 
 (d) the occurrence of a change in
control, or other similar provision, as defined in any agreement or indenture relating to any issue of Indebtedness for Borrowed Money with an outstanding principal amount in excess of $15,000,000, the result of which is to cause such Indebtedness
to become due prior to its stated maturity. 
 For purposes of this definition, “Ordinary Voting Power” means the
aggregate voting power attributable to all shares of Voting Stock of the U.S. Borrower for purposes of electing directors of the U.S. Borrower; “Voting Stock” means shares of capital stock of any class or classes of a Person the
holders of which are ordinarily, in the absence of contingencies, entitled to elect corporate directors (or Persons performing similar functions); and “Smucker Family” means Timothy P. Smucker, Richard K. Smucker, Susan Smucker
Wagstaff and Marcella Smucker Clark, and any member of their immediate families, heirs, legatees, descendants and blood relatives to the fifth degree of consanguinity of such individual, or any trustees or trusts (or other entity created for estate
planning purposes) established for their benefit or the benefit of the members of their immediate families and lineal descendants. 

“Closing Date” means the date of this Agreement or such later Business Day upon which each condition described in
Section 7.2 shall be satisfied or waived in a manner acceptable to the Administrative Agent in its discretion. 

  
 -27- 

 “Code” means the Internal Revenue Code of 1986, as amended, and any successor
statute thereto. 
 “Collateral Account” is defined in Section 9.4 hereof. 

“Consideration” shall mean, in connection with an Acquisition, the aggregate consideration paid, including borrowed funds,
cash, the issuance of securities or notes, the assumption or incurring of liabilities (direct or contingent), the payment of consulting fees or fees for a covenant not to compete and any other consideration paid for such Acquisition. 

“Consolidated Funded Debt” means the aggregate outstanding amount of all Debt of the U.S. Borrower and its Subsidiaries
which by its terms matures, or which is otherwise payable or unpaid, one year or more from, or is directly or indirectly renewable or extendible at the option of the obligor to a date one year or more from the date of the creation thereof, after
eliminating all offsetting debits and credits between the U.S. Borrower and its Subsidiaries and all other items required to be eliminated in the preparation of consolidated financial statements of the U.S. Borrower and its Subsidiaries in
accordance with GAAP. 
 “Consolidated Net Worth” means, at any time, 

(a) the sum of (i) the par value (or value stated on the books of the corporation) of the capital stock (but excluding treasury
stock, capital stock subscribed and unissued and Preferred Stock redeemable prior to the Revolving Credit Termination Date) of the U.S. Borrower and its Subsidiaries plus (ii) the amount of the paid-in capital and retained earnings of the U.S.
Borrower and its Subsidiaries, in each case as such amounts would be shown on a consolidated balance sheet of the U.S. Borrower and its Subsidiaries as of such time prepared in accordance with GAAP, minus 

(b) to the extent included in clause (a), all amounts properly attributable to minority interests, if any, in the stock and surplus of
Subsidiaries. 
 “Consolidated Total Assets” shall mean, at any time, all of the assets of the U.S. Borrower and its
Subsidiaries, as determined on a consolidated basis and in accordance with GAAP, after eliminating all amounts properly attributable to minority interests, if any, in the stock and surplus of Subsidiaries  

“Consolidated Total Capitalization” means the sum of Consolidated Net Worth and Consolidated Funded Debt. 

“Credit Event” means the advancing of any Loan, or the issuance of, or extension of the expiration date or increase in the
amount of, any Letter of Credit. 
 “Debt” means for any Person (without duplication) (a) all indebtedness
created, assumed or incurred in any manner by such Person representing money borrowed (including by the issuance of debt securities), (b) all indebtedness for the deferred purchase price of property or services (other than trade accounts
payable arising in the ordinary course of business), (c) all indebtedness secured by any Lien upon Property of such Person, whether or not such Person has assumed or become liable for the payment of such indebtedness, and (d) all
Capitalized Lease Obligations of such Person. 

  
 -28- 

 “Default” means any event or condition the occurrence of which would, with the
passage of time or the giving of notice, or both, constitute an Event of Default.  
 “Defaulting Lender” means any
Lender that (a) has failed to fund any portion of the Loans, participations in L/C Obligations or participations in Swing Line Loans required to be funded by it hereunder (herein, a “Defaulted Loan”) within two (2)
Business Days of the date required to be funded by it hereunder unless such failure has been cured, or unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s
determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, (b) has otherwise failed to pay
over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within two (2) Business Days of the date when due, unless the subject of a good faith dispute or unless such failure has been cured, or
(c) has, or has a direct or indirect parent that has, been deemed insolvent or become the subject of a bankruptcy or insolvency proceeding or a receiver or conservator has been appointed for such Lender or its direct or indirect parent
company. 
 “Defaulting Lender Excess” means, with respect to any Defaulting Lender, the excess, if any, of such
Defaulting Lender’s Revolver Percentage of the aggregate outstanding principal amount of Loans of all Lenders (calculated as if all Defaulting Lenders other than such Defaulting Lender had funded all of their respective Defaulted Loans) over
the aggregate outstanding principal amount of all Loans of such Defaulting Lender. 
 “Defaulting Lender Period”
means, with respect to any Defaulting Lender, the period commencing on the date upon which such Lender first became a Defaulting Lender and ending on the earliest of the following dates: (i) the date on which all Revolving Credit Commitments
are cancelled or terminated and/or the Obligations are declared or become immediately due and payable and (ii) the date on which (a) such Defaulting Lender is no longer insolvent, the subject of a bankruptcy or insolvency proceeding or, if
applicable, under the direction of a receiver or conservator, (b) the Defaulting Lender Excess with respect to such Defaulting Lender shall have been reduced to zero (whether by the funding by such Defaulting Lender of any Defaulted Loans of
such Defaulting Lender or otherwise), and (c) such Defaulting Lender shall have delivered to the Borrowers and the Administrative Agent a written reaffirmation of its intention to honor its obligations hereunder with respect to its Revolving
Credit Commitments. 
 “Designated Disbursement Account” means, with respect to a Borrower, the account of such
Borrower maintained at Fifth Third Bank and identified to the Administrative Agent in writing prior to the date hereof, or such other account as such Borrower and the Administrative Agent may otherwise agree.  

“Domestic Subsidiary” means a Subsidiary of the U.S. Borrower that is not a Foreign Subsidiary. 

  
 -29- 

 “EBITDA” means, with reference to any period, Net Income for such period
plus all amounts deducted in arriving at such Net Income amount in respect of (a) Interest Expense for such period, (b) federal, state, and local income taxes for such period, (c) depreciation and amortization expense for such
period, (d) non-cash share based compensation expense and other non-cash expenses, losses and charges (other than those representing a reserve for or actual cash item in any future period) for such period, and (e) any non-recurring charges
and expenses in connection with any other Permitted Acquisitions (whether or not successful) and extraordinary losses and charges for such period but, without the consent of the Administrative Agent, not to exceed $100,000,000 in any period of
twelve (12) consecutive months, minus (f) all non-cash gains for such period; provided, that the EBITDA for any Acquired Business acquired by any Borrower or any Subsidiary pursuant to a Permitted Acquisition (including
restructuring charges, operating synergies or other expense reductions and adjustments permitted by Article XI of Regulation S-X promulgated by the Securities and Exchange Commission) during such period
shall be included on a pro forma basis for such period (assuming the consummation of such acquisition and the incurrence or assumption of any Indebtedness for Borrowed Money in connection therewith incurred as of the first day of such
period), and provided further that the EBITDA for any entity sold by any Borrower or any Subsidiary shall be deducted on a pro forma basis for such period (assuming the consummation of such sale or other disposition occurred on the first day
of such period).  
 “Eligible Assignee” means (a) a Lender, (b) an Affiliate (engaged in the business of
making commercial loans) of a Lender, (c) an Approved Fund, and (d) any other Person (other than a natural person) approved by (i) the Administrative Agent, (ii) in the case of any assignment of a Revolving Credit Commitment, the
L/C Issuer, and (iii) unless an Event of Default has occurred and is continuing, the Borrowers (each such approval not to be unreasonably withheld or delayed); provided that notwithstanding the foregoing, “Eligible
Assignee” shall not include any Borrower or any Guarantor or any of any Borrower’s or such Guarantor’s Affiliates or Subsidiaries. 

“Eligible Line of Business” means any business that is substantially the same as or similar to, or complementary to, one or
more of the principal businesses of the U.S. Borrower and its Subsidiaries (it being understood and agreed that any business or property which is in the food and beverage industry shall constitute an Eligible Line of Business), such that if the U.S.
Borrower and its Subsidiaries engaged in such line of business, the general nature of the U.S. Borrower and its Subsidiaries taken as a whole would not be substantially changed. 

“Environmental Claim” means any investigation, notice, violation, demand, allegation, action, suit, injunction, judgment,
order, consent decree, penalty, fine, lien, proceeding or claim (whether administrative, judicial or private in nature) arising (a) pursuant to, or in connection with an actual or alleged violation of, any Environmental Law, (b) in
connection with any Hazardous Material, (c) from any abatement, removal, remedial, corrective or response action in connection with a Hazardous Material, Environmental Law or order of a governmental authority or (d) from any actual or
alleged damage, injury, threat or harm to health, safety, natural resources or the environment. 

  
 -30- 

 “Environmental Law” means any current or future obligation under common law or
any current or future Legal Requirement pertaining to (a) the protection of health, safety and the indoor or outdoor environment, (b) the conservation, management or use of natural resources and wildlife, (c) the protection or use of
surface water or groundwater, (d) the management, manufacture, possession, presence, use, generation, transportation, treatment, storage, disposal, Release, threatened Release, abatement, removal, remediation or handling of, or exposure to, any
Hazardous Material or (e) pollution (including any Release to air, land, surface water or groundwater), and any amendment, rule, regulation, order or directive issued thereunder. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute thereto and any
regulations or rulings promulgated thereunder, in each case as amended from time to time. 
 “ERISA Affiliate” means
any trade or business (whether or not incorporated) under common control with any Borrower within the meaning of Section 414 of the Code. 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by any Borrower or any
ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal
under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by any Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of
intent to terminate, the treatment of a Pension Plan or Multiemployer Plan amendment as a termination under Section 4041(c) or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer
Plan; (e) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any
liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Borrower or any ERISA Affiliate. 

“Eurodollar Loan” means a Loan bearing interest at the rate specified in Section 1.4(b) hereof. 

“Eurodollar Reserve Percentage” is defined in Section 1.4(b) hereof. 

“Event of Default” means any event or condition identified as such in Section 9.1 hereof. 

“Excluded Swap Obligation” means any swap obligation that arises from any guaranty or collateral pledge with respect to the
Obligations that becomes impermissible under the Commodity Exchange Act, 7 U.S.C. § 1 et seq., as amended from time to time, and any successor statute (the “Commodity Exchange Act”), or any rule, regulation or order of the
Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of Guarantor’s failure for any reason not to constitute an “eligible contract participant” as defined in the Commodity
Exchange Act at the time its guaranty becomes effective with respect to such related swap obligation. 

  
 -31- 

 “Farm Credit Bank” means a bank or association that is a member of the Farm
Credit System. 
 “FATCA” means Sections 1471 through 1474 of the Code and any regulations or official interpretations
thereof (including any Revenue Ruling, Revenue Procedure, Notice or similar guidance issued by the IRS thereunder as a precondition to relief or exemption from taxes under such provisions). 

“Federal Funds Rate” means the fluctuating interest rate per annum described in part (x) of clause (ii) of the
definition of U.S. Base Rate appearing in Section 1.4(a) hereof. 
 “Folgers” means The Folgers Coffee Company,
a Delaware corporation. 
 “Foreign Subsidiary” means each Subsidiary which is organized under the laws of a
jurisdiction other than the United States of America or any state thereof or the District of Columbia. 
 “Fund”
means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

“GAAP” means generally accepted accounting principles set forth from time to time in the opinions and pronouncements of the
Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with similar functions of comparable stature and authority within the
U.S. accounting profession), which are applicable to the circumstances as of the date of determination; provided that with respect to the Canadian Borrower GAAP shall mean generally accepted accounting principles in Canada as approved by the
Canadian Institute of Chartered Accountants in effect from time to time.  
 “Governmental Authority” means the
government of the United States, Canada or any other nation, or of any political subdivision thereof, whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantor” and “Guarantors” each is defined in Section 4.1 hereof. 

“Guaranty” and “Guaranties” each is defined in Section 4.1 hereof. 

“Hazardous Material” means any substance, chemical, compound, product, solid, gas, liquid, waste, byproduct, pollutant,
contaminant or material which is hazardous or toxic, and includes, without limitation, (a) asbestos, polychlorinated biphenyls and petroleum (including crude oil or any fraction thereof) and (b) any material classified or regulated as
“hazardous” or “toxic” or words of like import pursuant to an Environmental Law. 

  
 -32- 

 “Hazardous Material Activity” means any activity, event or occurrence involving
a Hazardous Material, including, without limitation, the manufacture, possession, presence, use, generation, transportation, treatment, storage, disposal, Release, threatened Release, abatement, removal, remediation, handling of or corrective or
response action to any Hazardous Material. 
 “Hostile Acquisition” means the acquisition of the capital stock or
other equity interests of a Person through a tender offer or similar solicitation of the owners of such capital stock or other equity interests which is actively opposed by the Board of Directors of such Person (or by similar governing body if such
Person is not a corporation). 
 “Indebtedness for Borrowed Money” means for any Person (without duplication)
(a) all indebtedness created, assumed or incurred in any manner by such Person representing money borrowed (including by the issuance of debt securities), (b) all indebtedness for the deferred purchase price of property or services (other
than trade accounts payable arising in the ordinary course of business), (c) all indebtedness secured by any Lien upon Property of such Person, whether or not such Person has assumed or become liable for the payment of such indebtedness,
(d) all Capitalized Lease Obligations of such Person, and (e) all obligations of such Person on or with respect to letters of credit and bankers’ acceptances whether or not representing obligations for borrowed money.  

“IRS” means the United States Internal Revenue Service. 

“Intercreditor Agreement” means that certain Third Amended and Restated Intercreditor Agreement dated as of June 11,
2010, among the Administrative Agent, on behalf of the Lenders, and the holders of the Borrowers’ notes described therein, as the same may be amended, modified, restated or supplemented from time to time pursuant to the terms thereof. 

 “Interest Coverage Ratio” means, as of the last day of any fiscal quarter of the Borrowers, the ratio of EBITDA of
the Borrowers and their Subsidiaries as of the last day of such fiscal quarter to Interest Expense payable in cash of the Borrowers and their Subsidiaries, in each case for the period of four fiscal quarters then ended. 

“Interest Expense” means, with reference to any period, the sum of all interest charges of the Borrowers and their
Subsidiaries for such period determined on a consolidated basis in accordance with GAAP.  
 “Interest Payment Date”
means (a) with respect to any Eurodollar Loan, the last day of each Interest Period with respect to such Eurodollar Loan and on the maturity date and, if the applicable Interest Period is longer than (3) three months, on each day occurring
every three (3) months after the commencement of such Interest Period, (b) with respect to any U.S. Base Rate Loan and CAD Base Rate Loan (other than Swing Loans), the last day of every January, April, July and October and on the maturity
date, (c) with respect to any CAD CDOR Loan, the last day of each Interest Period with respect to such CAD CDOR Loan and on the maturity date and, if the Interest Period is longer than 90 days, on each day occurring every 90 days
after the commencement of such Interest Period, and (d) as to any Swing Loan, bearing interest by reference to the U.S. Base Rate or the CAD Base Rate, the last day of every calendar month, and on the maturity date.  

  
 -33- 

 “Interest Period” means the period commencing on the date a Borrowing of
Eurodollar Loans or CAD CDOR Loans is advanced, continued, or created by conversion and ending (a) in the case of Eurodollar Loans, 1, 2, 3, or 6 months thereafter, and (b) in the case of a CAD CDOR Loan, 1, 2, 3 or 6 months
thereafter, provided, however, that: 
 (i) no Interest Period shall extend beyond the scheduled final maturity
date of the relevant Loans; 
 (ii) whenever the last day of any Interest Period would otherwise be a day that is not a
Business Day, the last day of such Interest Period shall be extended to the next succeeding Business Day, provided that, if such extension would cause the last day of an Interest Period for a Borrowing of Eurodollar Loans to occur in the
following calendar month, the last day of such Interest Period shall be the immediately preceding Business Day; and 
 (iii)
for purposes of determining an Interest Period for a Borrowing of Eurodollar Loans, a month means a period starting on one day in a calendar month and ending on the numerically corresponding day in the next calendar month; provided,
however, that if there is no numerically corresponding day in the month in which such an Interest Period is to end or if such an Interest Period begins on the last Business Day of a calendar month, then such Interest Period shall end on the
last Business Day of the calendar month in which such Interest Period is to end. 
 “L/C Issuer” means Bank of
Montreal, in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 1.3(h) hereof. 

“L/C Obligations” means the U.S. Dollar Equivalent of the aggregate undrawn face amounts of all outstanding Letters of
Credit and all unpaid Reimbursement Obligations. 
 “L/C Sublimit” means U.S.$100,000,000, as may be reduced
pursuant to the terms hereof. 
 “Lead Arrangers” means BMO Capital Markets, Merrill Lynch, Pierce,
Fenner & Smith Incorporated, J.P. Morgan Securities LLC and PNC Bank, National Association. 
 “Legal
Requirement” means any treaty, convention, statute, law, regulation, ordinance, license, permit, governmental approval, injunction, judgment, order, consent decree or any directive, policy or guideline of any Governmental Authority having
the force of law or other requirement of any Governmental Authority, whether federal, state, or local. 
 “Lenders”
means and includes Bank of Montreal and the other financial institutions from time to time party to this Agreement, including each Person that becomes a Lender pursuant to Section 1.2, each assignee Lender pursuant to Section 13.12 hereof
and, unless the context otherwise requires, the Swing Line Lender. 

  
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 “Lending Office” is defined in Section 10.4 hereof. 

“Letter of Credit” is defined in Section 1.3(a) hereof. 

“LIBOR” is defined in Section 1.4(b) hereof. 

“Lien” means any mortgage, lien, security interest, pledge, hypothec, charge or encumbrance of any kind in respect of any
Property, including the interests of a vendor or lessor under any conditional sale, Capital Lease or other title retention arrangement and any trust that secures payment of an obligation. 

“Loan” means any Revolving Loan or Swing Loan, whether outstanding as a U.S. Base Rate Loan, Eurodollar Loan, CAD Base Rate
Loan or CAD CDOR Loan or otherwise, each of which is a “type” of Loan hereunder. 
 “Loan
Documents” means this Agreement, the Notes (if any), the Applications, the Guaranties, and each other instrument or document to be delivered by a Loan Party hereunder or thereunder or otherwise in connection therewith. 

“Loan Party” means each Borrower and each Guarantor. 

“Material Adverse Effect” means (a) a material adverse change in, or material adverse effect upon, the business,
financial condition, operations, assets or Properties of the Borrowers and their Subsidiaries taken as a whole, (b) a material impairment of the ability of any Borrower or any Subsidiary to perform its material obligations under any Loan
Document or (c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Borrower or any Subsidiary of any Loan Document or the rights and remedies of the Administrative Agent and the Lenders
thereunder. 
 “Material Indebtedness” means any Indebtedness for Borrowed Money with an individual principal
balance in excess of U.S.$150,000,000. 
 “Moody’s” means Moody’s Investors Service, Inc. 

“Multiemployer Plan” means any employee benefit plan of the type described in Section 400l(a)(3) of ERISA that is
subject to Title IV of ERISA, to which any Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Net Income” means, with reference to any period, the net income (or net loss) of the Borrowers and their Subsidiaries for
such period computed on a consolidated basis in accordance with GAAP; provided that there shall be excluded from Net Income (a) the net income (or net loss) of any Person accrued prior to the date it becomes a Subsidiary of, or has merged into
or  

  
 -35- 

 
consolidated with, any Borrower or another Subsidiary, and (b) the net income (or net loss) of any Person (other than a Subsidiary) in which any Borrower or any of its Subsidiaries has an
equity interest, except to the extent of the amount of dividends or other distributions actually paid to any Borrower or any of its Subsidiaries during such period. 

“Note” and “Notes” each is defined in Section 1.11 hereof. 

“Obligations” means, with respect to any Borrower, all obligations of such Borrower to pay principal and interest on the
Loans, all Reimbursement Obligations owing under the Applications, all fees and charges payable hereunder, and all other payment obligations of such Borrower or any of its Subsidiaries arising under or in relation to any Loan Document, in each case
whether now existing or hereafter arising, due or to become due, direct or indirect, absolute or contingent, and howsoever evidenced, held or acquired, provided that in no event shall the term “Obligations” include any Excluded Swap
Obligations. 
 “OFAC” means the United States Department of Treasury Office of Foreign Assets Control. 

“OFAC Event” means the event specified in Section 8.15 hereof. 

“OFAC Sanctions Programs” means all laws, regulations, and Executive Orders administered by OFAC, including without
limitation, the Bank Secrecy Act, anti-money laundering laws (including, without limitation, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56 (a/k/a the USA
Patriot Act)), and all economic and trade sanction programs administered by OFAC, any and all similar United States federal laws, regulations or Executive Orders, and any similar laws, regulators or orders adopted by any State within the United
States. 
 “OFAC SDN List” means the list of the Specially Designated Nationals and Blocked Persons maintained by OFAC.

 “Original Dollar Amount” means (i) the amount of any Obligation denominated in U.S. Dollars, (ii) in relation
to any CAD CDOR Loan, the U.S. Dollar Equivalent of such Loan on the day it is advanced or continued for an Interest Period and (iii) in relation to any CAD Base Rate Loan, the U.S. Dollar Equivalent of such Loan on the day such
determination is required. 
 “Participating Interest” is defined in Section 1.3(e) hereof. 

“Participating Lender” is defined in Section 1.3(e) hereof. 

“PBGC” means the Pension Benefit Guaranty Corporation or any Person succeeding to any or all of its functions under ERISA.

 “Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of
ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Borrower or any ERISA Affiliate or to which any  

  
 -36- 

 
Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made
contributions at any time during the immediately preceding five plan years. 
 “Permitted Acquisition” means any
Acquisition with respect to which all of the following conditions shall have been satisfied: 
 (a) the Acquired
Business is in an Eligible Line of Business; 
 (b) the Acquisition shall not be a Hostile Acquisition; 

(c) if a new Domestic Subsidiary is formed or acquired as a result of or in connection with the Acquisition and such Domestic
Subsidiary is required to provide a Guaranty under Section 4 hereof, the relevant Borrower shall have complied with the requirements of Section 4 hereof in connection therewith; 

(d) after giving effect to the Acquisition and any Credit Event in connection therewith, no Default or Event of Default shall
exist, including with respect to the financial covenants contained in Section 8.20 hereof on a pro forma basis; and 

(e) if the Consideration paid for such Acquisition is in excess of Three Hundred Million Dollars ($300,000,000), Borrowers
shall have provided to Administrative Agent and the Lenders, at least ten (10) days prior to such Acquisition, historical financial statements of the target entity and a pro forma financial statement of the U.S. Borrower and its Subsidiaries
accompanied by a certificate of a financial officer of U.S. Borrower showing pro forma compliance with Section 8.20 hereof, both before and after the proposed Acquisition. 

“Person” means an individual, partnership, corporation, limited liability company, association, trust, unincorporated
organization or any other entity or organization, including a government or agency or political subdivision thereof. 

“Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) that is subject to
ERISA and is established solely by any Borrower or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate. 

“Preferred Stock” means any class of capital stock of the U.S. Borrower that is preferred over any other class of capital
stock of the U.S. Borrower as to the payment of dividends or the payment of any amount upon liquidation or dissolution of the U.S. Borrower. 

“Premises” means the real property owned or leased by any Borrower or any Subsidiary. 

“Priority Debt” means all Debt of Subsidiaries other than (a) any such indebtedness held by a Borrower or another
Subsidiary, (b) any such indebtedness of a Subsidiary that is a Guarantor or (c) any Obligations of the Canadian Borrower under the Loan Documents.  

  
 -37- 

 “Property” means, as to any Person, all types of real, personal, tangible,
intangible or mixed property owned by such Person whether or not included in the most recent balance sheet of such Person and its subsidiaries under GAAP. 

“Reimbursement Obligation” is defined in Section 1.3(c) hereof. 

“Release” means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching,
migration, dumping, or disposing into the indoor or outdoor environment, including, without limitation, the abandonment or discarding of barrels, drums, containers, tanks or other receptacles containing or previously containing any Hazardous
Material. 
 “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than
events for which the 30 day notice period has been waived. 
 “Required Lenders” means, as of the date of
determination thereof, Lenders whose outstanding Loans and interests in Letters of Credit and Unused Revolving Credit Commitments constitute more than 50% of the sum of the total outstanding Loans, interests in Letters of Credit, and Unused
Revolving Credit Commitments of the Lenders. 
 “Revaluation Date” means, with respect to any (a) Letter of
Credit denominated in Canadian Dollars, (i) the date of issuance thereof, (ii) the date of each amendment thereto having the effect of increasing the amount thereof, (iii) the last day of each calendar month, and (iv) each
additional date as the Administrative Agent or the Required Lenders shall specify and (b) CAD Base Rate Loan (i) the last day of each calendar month and (ii) each additional date as the Administrative Agent or the Required Lenders
shall specify. 
 “Revolver Percentage” means, for each Lender, the percentage of the aggregate Revolving Credit
Commitments represented by such Lender’s Revolving Credit Commitment or, if the Revolving Credit Commitments have been terminated, the percentage held by such Lender (including through participation interests in Reimbursement Obligations) of
the aggregate Original Dollar Amount of all Revolving Loans and L/C Obligations then outstanding. 
 “Revolving
Credit” means the credit facility for making Revolving Loans and Swing Loans and issuing Letters of Credit described in Sections 1.1, 1.3 and 1.7 hereof.  

“Revolving Credit Commitment” means, as to any Lender, the obligation of such Lender to make Revolving Loans and to
participate in Swing Loans and Letters of Credit issued for the account of the Borrowers hereunder in an aggregate principal or face amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on
Schedule 1 attached hereto and made a part hereof, as the same may be reduced or modified at any time or from time to time pursuant to the terms hereof. The Borrowers and the Lenders acknowledge and agree that the Revolving Credit Commitments
of the Lenders aggregate U.S.$1,500,000,000 on the date hereof.  

  
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 “Revolving Credit Termination Date” means September 6, 2018, or such
earlier date on which the Revolving Credit Commitments are terminated in whole pursuant to Section 1.13, 9.2 or 9.3 hereof. 

“Revolving Loan” is defined in Section 1.1 hereof and, as so defined, includes a U.S. Base Rate Loan, a Eurodollar Loan,
a CAD Base Rate Loan or a CAD CDOR Loan, each of which is a “type” of Revolving Loan hereunder. 

“Revolving Note” is defined in Section 1.11 hereof. 

“S&P” means Standard & Poor’s Ratings Services Group, a division of The
McGraw-Hill Companies, Inc. 
 “Settlement Date” means the first date after
the Closing Date on which an Event of Default described in Section 9.1(j) or 9.1(k) exists with respect to any Borrower or on which the Obligations become due and payable pursuant to Section 9.2 hereof. 

“Specified Subsidiaries” means the Canadian Borrower, the Guarantors, Smucker Sales and Distribution Company and Smucker
Services Company. 
 “Subsidiary” means, as to any particular parent corporation or organization, any other
corporation or organization more than 50% of the outstanding Voting Stock of which is at the time directly or indirectly owned by such parent corporation or organization or by any one or more other entities which are themselves subsidiaries of such
parent corporation or organization. Unless otherwise expressly noted herein, the term “Subsidiary” means a Subsidiary of the U.S. Borrower or of any of its direct or indirect Subsidiaries. 

“Swing Line” means the credit facility for making one or more Swing Loans described in Section 1.7 hereof. 

 “Swing Line Lender” means Bank of Montreal, acting in its capacity as the Lender of Swing Loans hereunder, or any
successor Lender acting in such capacity appointed pursuant to Section 13.12 hereof. 
 “Swing Line Sublimit”
means $50,000,000, as may be reduced pursuant to the terms hereof. 
 “Swing Loan” and “Swing
Loans” each is defined in Section 1.7 hereof. 
 “Swing Note” is defined in Section 1.11
hereof. 
 “Total Funded Debt” means, at any time the same is to be determined, the sum (but without duplication),
after eliminating all offsetting debits and credits between the U.S. Borrower and its Subsidiaries and all other items required to be eliminated in the preparation of consolidated financial statements of the U.S. Borrower and its Subsidiaries in
accordance with GAAP, of (a) all Indebtedness for Borrowed Money of the U.S. Borrowers and its Subsidiaries at 

  
 -39- 

 
such time, and (b) all Indebtedness for Borrowed Money of any other Person which is directly or indirectly guaranteed by the U.S. Borrower or any of its Subsidiaries or which the U.S.
Borrower or any of its Subsidiaries has agreed (contingently or otherwise) to purchase or otherwise acquire or in respect of which the U.S. Borrower or any of its Subsidiaries has otherwise assured a creditor against loss. 

“Total Leverage Ratio” means, as of the last day of any fiscal quarter of the U.S. Borrower, the ratio of Total Funded Debt
of the U.S. Borrower and its Subsidiaries as of the last day of such fiscal quarter to EBITDA of the U.S. Borrower and its Subsidiaries for the period of four fiscal quarters then ended, determined on a consolidated basis in accordance with GAAP.

 “Unfunded Pension Liability” means the excess of a Pension Plan’s benefit liabilities over the value of assets
of the Pension Plan. For this purpose, the benefit liabilities of a Pension Plan for a plan year shall be the Pension Plan’s “funding target” determined under Section 430(d)(1) of the Code (without regard to
Section 430(i)(1) of the Code) for the plan year, and the value of the assets for such plan year shall be such value as is used pursuant to Section 430 of the Code for purposes of determining the annual contribution requirements with
respect to the Pension Plan for such plan year. 
 “Unused Revolving Credit Commitments” means, at any time, the
difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations. 

“U.S. Base Rate Loan” means a Loan bearing interest at a rate specified in Section 1.4(a) hereof. 

“U.S. Dollar Equivalent” means (a) the amount of any Obligation or Letter of Credit denominated in U.S. Dollars,
(b) in relation to any Obligation or Letter of Credit denominated in Canadian Dollars, (i) the amount of U.S. Dollars which would be realized by converting Canadian Dollars into U.S. Dollars at the exchange rate determined by the
Administrative Agent, at approximately 12:00 Noon (Toronto time) on to the date on which a computation thereof is required to be made, and (ii) in the case of L/C Obligations, on any Revaluation Date, in each case, by major banks in the
interbank foreign exchange market for the purchase of U.S. Dollars for Canadian Dollars.  
 “U.S. Dollars,”
“U.S.$” and “$” each means the lawful currency of the United States of America. 
 “Voting
Stock” of any Person means capital stock or other equity interests of any class or classes (however designated) having ordinary power for the election of directors or other similar governing body of such Person, other than stock or other
equity interests having such power only by reason of the happening of a contingency. 
 “Welfare Plan” means a
“welfare plan” as defined in Section 3(1) of ERISA. 

  
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 “Wholly-owned Subsidiary” means a
Subsidiary of which all of the issued and outstanding shares of capital stock (other than directors’ qualifying shares as required by law) or other equity interests are owned by any Borrower and/or one or more
Wholly-owned Subsidiaries or any Borrower within the meaning of this definition. 

Section 5.2. Interpretation. The foregoing definitions are equally applicable to both the singular and plural forms of the terms
defined. The words “hereof”, “herein”, and “hereunder” and words of like import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement. All references to time of day herein are references to Chicago, Illinois, time unless otherwise specifically provided. Where the character or amount of any asset or liability or item of income or expense is required to be determined or
any consolidation or other accounting computation is required to be made for the purposes of this Agreement, it shall be done in accordance with GAAP except where such principles are inconsistent with the specific provisions of this Agreement.
References to “knowledge” of a Loan Party or other Person means the actual knowledge of officers of such Person with responsibility for the relevant subject matter. 

Section 5.3. Change in Accounting Principles. If, after the date of this Agreement, there shall occur any change in GAAP from
those used in the preparation of the financial statements referred to in Section 6.5 hereof and such change shall result in a change in the method of calculation of any financial covenant, standard or term found in this Agreement, either the
Borrowers or the Required Lenders may by notice to the Lenders and the Borrowers, respectively, require that the Lenders and the Borrowers negotiate in good faith to amend such covenants, standards, and terms so as equitably to reflect such change
in accounting principles, with the desired result being that the criteria for evaluating the financial condition of the Borrowers and their Subsidiaries shall be the same as if such change had not been made. No delay by the Borrowers or the Required
Lenders in requiring such negotiation shall limit their right to so require such a negotiation at any time after such a change in accounting principles. Until any such covenant, standard, or term is amended in accordance with this Section 5.3,
financial covenants shall be computed and determined in accordance with GAAP in effect prior to such change in accounting principles. Without limiting the generality of the foregoing, the Borrowers shall neither be deemed to be in compliance with
any financial covenant hereunder nor out of compliance with any financial covenant hereunder if such state of compliance or noncompliance, as the case may be, would not exist but for the occurrence of a change in accounting principles after the date
hereof. 
 SECTION 6. REPRESENTATIONS AND WARRANTIES. 

Each Borrower represents and warrants to the Administrative Agent, the Lenders, and the L/C Issuer as follows: 

Section 6.1. Organization and Qualification. Each Borrower is duly organized, validly existing, and in good standing under the
laws of its jurisdiction of organization, has the corporate or other organizational power to own its Property and conduct its business as now conducted, and is duly licensed or qualified and in good standing in each jurisdiction in which the nature
of the business conducted by it or the nature of the Property owned or leased by it requires such licensing or qualifying, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect. 

  
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 Section 6.2. Subsidiaries. Each of the Specified Subsidiaries is duly organized,
validly existing, and in good standing under the laws of the jurisdiction in which it is organized, has the corporate or other organizational power to own its Property and conduct its business as now conducted, and is duly licensed or qualified and
in good standing in each jurisdiction in which the nature of the business conducted by it or the nature of the Property owned or leased by it requires such licensing or qualifying, except where the failure to do so would not reasonably be expected
to have a Material Adverse Effect. Schedule 6.2 hereto identifies as of the date hereof each of the Specified Subsidiaries, the jurisdiction of its organization, its registered office (if it is a Canadian organization), and, other than with
respect to the U.S. Borrower, the percentage of issued and outstanding shares of each class of its capital stock or other equity interests owned by each Borrower and the other Subsidiaries. 

Section 6.3. Authority and Validity of Obligations. Each Borrower has the corporate and other organizational authority to enter
into this Agreement and the other Loan Documents executed by it, to make the Borrowings herein provided for, and to perform all of its obligations hereunder and under the other Loan Documents executed by it. Each other Loan Party has full right and
authority to enter into the Loan Documents executed by it, to guarantee the Obligations, and to perform all of its obligations under the Loan Documents executed by it. The Loan Documents delivered by each Loan Party have been duly authorized,
executed, and delivered by such Person and constitute valid and binding obligations of such Loan Party enforceable against it in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance or
similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether the application of such principles is considered in a proceeding in equity or at law); and this Agreement and the other Loan Documents do
not, nor does the performance or observance by any Loan Party of any of the matters and things herein or therein provided for, (a) contravene or constitute a default under any provision of law except to the extent such contravention or default
would not reasonably be expected to have a Material Adverse Effect, (b) contravene any material judgment, injunction, order or decree binding upon any Loan Party or any provision of the organizational documents (e.g., charter,
certificate or articles of incorporation and by-laws, certificate or articles of association and operating agreement, partnership agreement, or other similar organizational documents) of any Loan Party,
(c) contravene or constitute a default under any indenture or agreement for Material Indebtedness of any Loan Party, or (d) result in the creation or imposition of any Lien on any Property of any Loan Party. 

Section 6.4. Use of Proceeds; Margin Stock. The Borrowers shall use the proceeds of the Revolving Credit to refinance existing
indebtedness, to refinance commercial paper issued by them, for their general corporate and working capital purposes (including Acquisitions), and to fund certain fees and expenses relating to the Agreement and the transactions contemplated hereby.
Neither any Borrower nor any Subsidiary is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no
part of the proceeds of any Loan or any other extension of credit made hereunder will be used to purchase or carry any such  

  
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margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock. Margin stock (as hereinabove defined) constitutes less than 25% of the assets of any
Borrower and its Subsidiaries which are subject to any limitation on sale, pledge or other restriction hereunder. 
 Section 6.5.
Financial Reports. The consolidated balance sheet of the U.S. Borrower and its Subsidiaries as at April 30, 2013, and the related consolidated statements of income, retained earnings and cash flows of the U.S. Borrower and its Subsidiaries
for the fiscal year then ended, and accompanying notes thereto, which financial statements are accompanied by the audit report of Ernst & Young LLP, independent public accountants, heretofore furnished to the Administrative Agent and the
Lenders, fairly present in all material respects the consolidated financial condition of the U.S. Borrower and its Subsidiaries as at said dates and the consolidated results of their operations and cash flows for the periods then ended in conformity
with GAAP applied on a consistent basis.  
 Section 6.6. No Material Adverse Change. Since April 30, 2013, there
has been no material adverse change in the business, financial condition, operations, assets or Properties of the Borrowers and their Subsidiaries taken as a whole.  

Section 6.7. Full Disclosure. The statements and written information furnished to the Administrative Agent and the Lenders in
connection with the negotiation of this Agreement and the other Loan Documents and the commitments by the Lenders to provide all or part of the financing contemplated hereby (as modified or supplemented by other information so furnished or publicly
available in periodic and other reports, proxy statements and other materials filed by the U.S. Borrower or any Subsidiary with the Securities and Exchange Commission), taken as a whole, do not contain any material misstatement of fact or omit to
state any material fact necessary to make the material statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, and other forward-looking
statements, the Borrowers represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time prepared.  

Section 6.8. Trademarks, Franchises, and Licenses. Each Borrower and its Subsidiaries own, possess, or have the right to use all
necessary patents, licenses, franchises, trademarks, trade names, trade styles, copyrights, trade secrets, know how, and confidential commercial and proprietary information necessary to conduct their businesses as now conducted, without known
conflict with any patent, license, franchise, trademark, trade name, trade style, copyright or other proprietary right of any other Person, except to the extent as would not reasonably be expected to result in a Material Adverse Effect. 

Section 6.9. Governmental Authority and Licensing. Each Borrower and its Subsidiaries have received all licenses, permits, and
approvals of all federal, state, provincial, and local governmental authorities, if any, necessary to conduct their businesses, in each case where the failure to obtain or maintain the same would reasonably be expected to have a Material Adverse
Effect. No investigation or proceeding which, if adversely determined, would reasonably be expected to result in revocation or denial of any material license, permit or approval, and which revocation or denial would reasonably be expected to
result in a Material Adverse Effect is pending or threatened in writing. 

  
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 Section 6.10. Good Title. Each Borrower and its Subsidiaries have good and defensible
title (or valid leasehold interests) to their assets as reflected on the most recent audited consolidated balance sheet of such Borrower and its Subsidiaries furnished to the Administrative Agent and the Lenders (except for sales of assets in the
ordinary course of business), subject to no Liens other than such thereof as are permitted by Section 8.8 hereof.  

Section 6.11. Litigation and Other Controversies. There is no litigation or governmental or arbitration proceeding or labor
controversy pending or threatened in writing, against any Borrower or any Subsidiary or any of their Property which is reasonably likely to be adversely determined, and if adversely determined, individually or in the aggregate, would reasonably be
expected to have a Material Adverse Effect. 
 Section 6.12. Taxes. All income and other material tax returns required to
be filed by each Borrower or any Subsidiary in any jurisdiction have, in fact, been filed, and all taxes, assessments, fees, and other governmental charges upon such Borrower or any Subsidiary or upon any of its Property, income or franchises, which
are shown to be due and payable in such returns, have been paid, except such taxes, assessments, fees and governmental charges, if any, as are being contested in good faith and by appropriate proceedings which prevent enforcement of the matter under
contest and as to which adequate reserves established in accordance with GAAP have been provided or which failure to pay would not reasonably be expected to result in a Material Adverse Effect. No Borrower knows of any proposed material additional
tax assessment against it or its Subsidiaries for which adequate provisions in accordance with GAAP have not been made on their accounts that would reasonably be expected to result in a Material Adverse Effect. Adequate provisions in accordance with
GAAP for taxes on the books of each Borrower and each Subsidiary have been made for all open years, and for its current fiscal period. 

Section 6.13. Approvals. No authorization, consent, license or exemption from, or filing or registration with, any court or
governmental department, agency or instrumentality, nor any approval or consent of any other Person, is or will be necessary to the valid execution, delivery or performance by any Borrower or any Subsidiary of any Loan Document, except those that
have been obtained and remain in full force and effect or which are not required to be made or obtained as of each time this representation is made or deemed made. 

Section 6.14. Investment Company. Neither any Borrower nor any Subsidiary is an “investment company” or a company
“controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended.  

Section 6.15. Benefit Plans. (a) ERISA. (i) Each Plan is in compliance with the applicable provisions of ERISA,
the Code and applicable Federal laws except for any such noncompliance that would not result in a Material Adverse Effect. Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter
from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto and, to 

  
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the knowledge of any Borrower, nothing has occurred which would reasonably be expected to cause the loss of, such qualification. Each Borrower and each ERISA Affiliate have made all required
contributions to each Plan subject to Section 412 of the Code, and no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. 

(ii) There are no pending or, to the knowledge of any Borrower, overtly threatened claims, actions or lawsuits, or action by any Governmental
Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or would
reasonably be expected to result in a Material Adverse Effect. 
 (iii) (A) No ERISA Event has occurred or is reasonably expected
to occur that would have a Material Adverse Effect; (B) as of the first day of the most recent plan year of a Pension Plan for which the sponsor of the Pension Plan has received an actuarial valuation report, no Pension Plan has any Unfunded
Pension Liability that could reasonably be expected to have a Material Adverse Effect; (C) neither any Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any
Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA) that would have a Material Adverse Effect; (D) neither any the Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any
liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan that could reasonably be expected
to have a Material Adverse Effect; and (E) neither any Borrower nor any ERISA Affiliate has knowingly engaged in a transaction that would be reasonably expected to be subject to Section 4069 or 4212(c) of ERISA. 

(b) Canadian Pension Plan and Benefit Plans. Schedule 6.15(b) hereto lists as of the date hereof all Canadian Benefit Plans and
Canadian Pension Plans. The Canadian Pension Plans are duly registered under the Income Tax Act (Canada) and all other applicable laws which require registration. Each Borrower and its Subsidiaries have complied with and performed all of their
statutory obligations under and in respect of the Canadian Pension Plans and Canadian Benefit Plans under the terms thereof, any funding agreements and all applicable laws (including any fiduciary, funding, investment and administration obligations)
except to the extent as would not reasonably be expected to have a Material Adverse Effect. All employer and employee payments, contributions or premiums to be remitted, paid to or in respect of each Canadian Pension Plan or Canadian Benefit Plan
have been paid in a timely fashion in accordance with the terms thereof, any funding agreement and all applicable laws except to the extent the failure to do so would not reasonably be expected to have a Material Adverse Effect. Except as set forth
on Schedule 6.15(b) hereto, as of the date hereof each of the Canadian Benefit Plans is either fully funded or fully insured. Except as set forth on Schedule 6.15(b) hereto, as of the date hereof there are no outstanding actions or suits
concerning the assets of the Canadian Pension Plans or the Canadian Benefit Plans. Except as set forth on Schedule 6.15(b) hereto, as of the date hereof neither the Canadian Borrower or its Subsidiaries have any liability in respect of a
multi-employer pension plan as that term is defined in the relevant Canadian pension legislation. Except as set forth on Schedule 6.15(b) hereto, as of the date hereof each of the Canadian 

  
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Pension Plans is fully funded on a going concern basis or solvency basis (using actuarial methods and assumptions which are consistent with the valuations last filed with the applicable
Governmental Authorities or commissioned at the request of any Borrower or its Subsidiaries and which are consistent with generally accepted actuarial principles). 

Section 6.16. Compliance with Laws. Each Borrower and its Subsidiaries are in compliance with the requirements of all federal,
state, provincial and local laws, rules and regulations applicable to or pertaining to their Property or business operations (including, without limitation, the Occupational Safety and Health Act of 1970, the Americans with Disabilities Act of 1990,
and laws and regulations establishing quality criteria and standards for air, water, land and toxic or hazardous wastes and substances), where any such non-compliance, individually or in the aggregate, would
reasonably be expected to have a Material Adverse Effect. Neither any Borrower nor any Subsidiary has received notice to the effect that its operations are not in compliance with any of the requirements of applicable federal, state, provincial or
local environmental, health, and safety statutes and regulations or is the subject of any governmental investigation evaluating whether any remedial action is needed to respond to a release of any toxic or hazardous waste or substance into the
environment, where any such non-compliance or remedial action, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.  

Section 6.17. OFAC. (a) Each Borrower is in compliance with the requirements of all United States and Canadian export
control, trade and commerce laws (including without limitation the OFAC Sanctions Program) applicable to it, except where any such non-compliance, individually or in the aggregate, would not reasonably be
expected to have a Material Adverse Effect, (b) each Subsidiary of each Borrower is in compliance with the requirements of all United States and Canadian export control, trade and commerce laws (including without limitation the OFAC Sanctions
Program) applicable to such Subsidiary, except where any such non-compliance, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect, (c) each Borrower has
provided to the Administrative Agent, the L/C Issuer, and the Lenders all information regarding such Borrower and its Affiliates and Subsidiaries necessary for the Administrative Agent, the L/C Issuer, and the Lenders to comply with all applicable
United States and Canadian export control, trade and commerce laws, (including without limitation the OFAC Sanctions Program), and (d) to the Borrowers’ knowledge, neither such Borrower nor any of its Affiliates or Subsidiaries is, as of
the date hereof, named on the current OFAC SDN List.  
 Section 6.18. Other Agreements. Neither Borrower nor any Loan
Party is in default under the terms of any covenant, indenture or agreement of or affecting such Person or any of its Property, which default would reasonably be expected to have a Material Adverse Effect. 

Section 6.19. Solvency. (a) U.S. Borrower. The U.S. Borrower and its Subsidiaries are solvent, able to pay their debts
as they become due, and have sufficient capital to carry on their business and all businesses in which they are about to engage.  

  
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 (b) Canadian Borrower. Canadian Borrower has received consideration that is the
reasonable equivalent value of the obligations and liabilities that Canadian Borrower has incurred to the Administrative Agent and the Lenders. Canadian Borrower is not insolvent as defined in any applicable state, provincial, federal, municipal or
relevant foreign statute, nor will Canadian Borrower be rendered insolvent by the execution and delivery of the Loan Documents to the Administrative Agent and the Lenders. Canadian Borrower is not engaged or about to engage in any business or
transaction for which the assets retained by it are or will be an unreasonably small amount of capital, taking into consideration the obligations to the Administrative Agent and the Lenders incurred hereunder. Canadian Borrower does not intend to,
nor does it believe that it will, incur debts beyond its ability to pay such debts as they mature. 
 Section 6.20. No
Default. No Default or Event of Default has occurred and is continuing immediately after the execution and delivery hereof. 

SECTION 7. CONDITIONS PRECEDENT. 

Section 7.1. All Credit Events. At the time of each Credit Event hereunder: 

(a) each of the representations and warranties set forth herein and in the other Loan Documents (except in the case of
any Borrowing made after the Closing Date for the purpose of refinancing commercial paper, those contained in Sections 6.6 and 6.11) shall be and remain true and correct in all material respects as of said time, except to the extent the same
expressly relate to an earlier date, provided that any representation and warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct in all
respects; 
 (b) no Default or Event of Default shall have occurred and be continuing or would occur as a result of
such Credit Event; 
 (c) in the case of a Borrowing the Administrative Agent shall have received the notice required by
Section 1.6 hereof, in the case of the issuance of any Letter of Credit the L/C Issuer shall have received a duly completed Application for such Letter of Credit together with any fees called for by Section 2.1 hereof, and, in the
case of an extension or increase in the amount of a Letter of Credit, a written request therefor in a form acceptable to the L/C Issuer together with fees called for by Section 2.1 hereof; and 

(d) such Credit Event shall not violate any order, judgment or decree of any court or other authority or any provision of law
or regulation applicable to the Administrative Agent, the L/C Issuer, or any Lender (including, without limitation, Regulation U of the Board of Governors of the Federal Reserve System) as then in effect. 

Each request for a Borrowing hereunder and each request for the issuance of, increase in the amount of, or extension of the expiration
date of, a Letter of Credit shall be deemed to be a representation and warranty by the Borrower making such request on the date on such Credit Event as to the facts specified in subsections (a) through (c), both inclusive, of this Section;
provided, however, that the Lenders may continue to make advances under the Revolving Credit, in the sole discretion of the Lenders with Revolving Credit Commitments, notwithstanding the failure of any Borrower to satisfy one or more of the
conditions set forth above and any such advances so made shall not be deemed a waiver of any Default or Event of Default or other condition set forth above that may then exist. 

  
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 Section 7.2. Conditions to Effectiveness. The effectiveness of this Agreement is
subject to the satisfaction of all of the following conditions precedent: 
 (a) the Administrative Agent shall have
received this Agreement duly executed by the Borrowers, the Guarantors, and the Lenders; 
 (b) if requested by any Lender,
the Administrative Agent shall have received for such Lender such Lender’s duly executed Notes of each Borrower dated the date hereof and otherwise in compliance with the provisions of Section 1.11 hereof; 

(c) the Administrative Agent shall have received copies of each Borrower’s and each Guarantor’s articles of
incorporation and bylaws (or comparable organizational documents) and any amendments thereto, certified in each instance by its Secretary or Assistant Secretary (or individual holding a comparable position); 

(d) the Administrative Agent shall have received copies of resolutions (or equivalent authorizations) of each Borrower’s
and each Guarantor’s Board of Directors (or similar governing body) authorizing the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party and the consummation of the transactions contemplated
hereby and thereby, together with specimen signatures of the persons authorized to execute such documents on each Borrower’s and each Guarantor’s behalf, all certified in each instance by its Secretary or Assistant Secretary; 

(e) the Administrative Agent shall have received copies of the certificates of good standing (or equivalent instrument) for
each Borrower and each Guarantor (dated no earlier than 30 days prior to the date hereof) from the office of the secretary of the state (or equivalent) of its incorporation or organization; 

(f) the Administrative Agent shall have received a list of each Borrower’s Authorized Representatives; 

(g) the Administrative Agent shall have received payment of all fees payable on the Closing Date to the Administrative Agent
pursuant to the BMO Fee Letter; 
 (h) the Administrative Agent shall have received payment of all fees payable on
the Closing Date to Bank of Montreal pursuant to the BMO Fee Letter and to Merrill Lynch, Pierce, Fenner & Smith Incorporated (“BAML”), J.P. Morgan Securities LLC and PNC Bank, National Association, as Joint Lead Arrangers,
and the Lenders (including upfront fees for the Lenders) pursuant to the Joint Lead Arrangers’ Fee Letter dated July 17, 2013, among the U.S. Borrower, BAML, J.P. Morgan Securities LLC and PNC Bank, National Association as Joint Lead
Arrangers; 

  
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 (i) the U.S. Borrower shall have paid all fees and expenses (including without
limitation all fees and expenses of U.S. counsel and Canadian counsel to the Administrative Agent) of the Administrative Agent incurred in connection with this Agreement and the transactions contemplated hereby for which an invoice has been
submitted to the U.S. Borrower; 
 (j) the Administrative Agent shall have received a summary of the results of
searches against the current name of the Canadian Borrower (as confirmed by a certificate of compliance) conducted under the Personal Property Security Act in effect in the provinces of Ontario and Alberta (collectively, the
“PPSA”), the Register of Personal and Movable Real Rights (Quebec), the Execution Act in the provinces of Ontario, Alberta and Quebec, the Bank Act (Canada) in the provinces of Ontario, Quebec and Alberta
and the Bankruptcy and Insolvency Act (Canada), evidencing the absence of Liens on its property except as permitted by Section 8.8 hereof; 

(k) no material adverse change in the business, financial condition, operations, assets or Properties of the Borrowers and
their Subsidiaries taken as a whole shall have occurred since April 30, 2013; 
 (l) the Administrative Agent shall have
received financing statement, tax, and judgment lien search results against the Property of the U.S. Borrower and each Domestic Subsidiary which is a Guarantor evidencing the absence of Liens on its Property except as permitted by Section 8.8
hereof; 
 (m) the Administrative Agent shall have received the favorable written opinion of counsel to each Borrower and
each Guarantor, in form and substance satisfactory to the Administrative Agent; 
 (n) the Administrative Agent shall have
received a fully executed Internal Revenue Service Form W-9 for the U.S. Borrower to the extent not already delivered pursuant to the Original Credit Agreement; 

(o) each of the representations and warranties set forth herein and in the other Loan Documents shall be and remain true
and correct in all material respects as of said time, except to the extent the same expressly relate to an earlier date, provided that any representation and warranty that is qualified as to “materiality”, “Material
Adverse Effect” or similar language shall be true and correct in all respects (and the Borrowers’ execution and delivery of this Agreement shall constitute a representation and warranty that the condition precedent contained in this
subsection (p) has been satisfied on the date of this Agreement); 
 (p) the Administrative Agent shall have
received projected financial statements for the U.S. Borrower and its Subsidiaries for the fiscal years of the U.S. Borrower ending April 30, 2014, April 30, 2015, April 30, 2016, April 30, 2017 and April 30, 2018, and such
projected financial statements shall be reasonably acceptable to the Lead Arrangers; 

  
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 (q) no Default or Event of Default shall have occurred and be continuing or would
occur as a result of the execution and delivery hereof by the Borrowers (and the Borrowers’ execution and delivery of this Agreement shall constitute a representation and warranty that the condition precedent contained in this subsection
(r) has been satisfied on the date of this Agreement); and 
 (r) the Administrative Agent shall have received such
other agreements, instruments, documents, certificates, and opinions as the Administrative Agent may have reasonably requested at least two Business Days in advance of the Closing Date. 

SECTION 8. COVENANTS. 

Each Borrower agrees that, so long as any credit is available to or in use by any Borrower hereunder, except to the extent compliance in any
case or cases is waived in writing pursuant to the terms of Section 13.13 hereof: 
 Section 8.1. Maintenance of Business.
Each Borrower shall, and shall cause each Subsidiary to, preserve and maintain its existence, except as otherwise provided in Section 8.10 hereof. Each Borrower shall, and shall cause each Subsidiary to, take all reasonable actions to preserve
and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business where the failure to do so would
reasonably be expected to have a Material Adverse Effect. 
 Section 8.2. Maintenance of Properties. Each Borrower shall,
and shall cause each Subsidiary to, maintain, preserve, and keep its property, plant, and equipment in good repair, working order and condition (ordinary wear and tear excepted), provided that the Borrowers and their Subsidiaries may discontinue the
operations and maintenance of their properties if such discontinuance is desirable in the conduct of their business and such discontinuance would not reasonably be expected to have a Material Adverse Effect. 

Section 8.3. Taxes and Assessments. Each Borrower shall duly pay and discharge, and shall cause each Subsidiary to duly pay and
discharge, all material taxes, rates, assessments, fees, and governmental charges upon or against it or its Property, in each case before the same become delinquent and before penalties accrue thereon, unless and to the extent that the same are
being contested in good faith and by appropriate proceedings which prevent enforcement of the matter under contest and adequate reserves in accordance with GAAP are provided therefor or to the extent that such failure would not reasonably be
expected to result in a Material Adverse Effect. 
 Section 8.4. Insurance. Each Borrower shall insure and keep insured,
and shall cause each Subsidiary to insure and keep insured all insurable Property owned by it which is of a character usually insured by Persons similarly situated and operating like Properties against loss or damage from such hazards and risks, and
in such amounts, as are insured by Persons similarly situated and operating like Properties; and each Borrower shall insure, and shall cause each Subsidiary to insure, such other hazards and risks as and to the extent usually insured by Persons
similarly situated and conducting similar businesses.  

  
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 Section 8.5. Financial Reports. The U.S. Borrower shall, and shall cause each
Subsidiary to, maintain true and complete books of record and account, in which appropriate entries in conformity with GAAP in accordance with customary business practice shall be made; and shall furnish to the Administrative Agent such information
respecting the business and financial condition of the U.S. Borrower and its Subsidiaries as the Administrative Agent may reasonably request; and without any request, shall furnish to the Administrative Agent, the Lenders, and L/C Issuer: 

(a) as soon as available, and in any event no later than 45 days after the last day of the first three fiscal quarters of
each fiscal year of the U.S. Borrower, a copy of the consolidated balance sheet of the U.S. Borrower and its Subsidiaries as of the last day of such fiscal quarter and the consolidated statements of income, changes in shareholders’ equity, and
cash flows of the U.S. Borrower and its Subsidiaries for the fiscal quarter and for the fiscal year-to-date period then ended, each in reasonable detail showing in
comparative form the figures for the corresponding date and period in the previous fiscal year, prepared by the U.S. Borrower in accordance with GAAP (subject to the absence of footnote disclosures and
year-end audit adjustments) and certified to by its chief financial officer or another officer of the U.S. Borrower acceptable to the Administrative Agent; 

(b) as soon as available, and in any event no later than 90 days after the last day of each fiscal year of the U.S.
Borrower, a copy of the consolidated balance sheet of the U.S. Borrower and its Subsidiaries as of the last day of the fiscal year then ended and the consolidated statements of income, retained earnings, and cash flows of the U.S. Borrower and its
Subsidiaries for the fiscal year then ended, and accompanying notes thereto, each in reasonable detail showing in comparative form the figures for the previous fiscal year, accompanied by an unqualified opinion of Ernst & Young LLP or
another firm of independent public accountants of recognized national standing, selected by the U.S. Borrower, to the effect that the consolidated financial statements have been prepared in accordance with GAAP and present fairly in all material
respects in accordance with GAAP the consolidated financial condition of the U.S. Borrower and its Subsidiaries as of the close of such fiscal year and the results of their operations and cash flows for the fiscal year then ended and that an
examination of such accounts in connection with such financial statements has been made in accordance with generally accepted auditing standards and, accordingly, such examination included such tests of the accounting records and such other auditing
procedures as were considered necessary in the circumstances; 
 (c) notice of any Change of Control; 

(d) promptly after knowledge thereof of any Borrower, written notice of (i) any pending litigation or governmental or
arbitration proceeding or labor controversy against any Borrower or any Subsidiary or any of their Property which, if adversely determined, would reasonably be expected to have a Material Adverse Effect or (ii) the occurrence of any Default or
Event of Default hereunder; and 

  
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 (e) with each of the financial statements delivered pursuant to
subsections (a) and (b) above, a written certificate in the form attached hereto as Exhibit E signed by the chief financial officer of the Borrowers or another officer of the Borrowers acceptable to the Administrative Agent to the
effect that no Default or Event of Default has occurred during the period covered by such statements or, if any such Default or Event of Default has occurred during such period, setting forth a description of such Default or Event of Default and
specifying the action, if any, taken by any Borrower or any Subsidiary to remedy the same. Such certificate shall also set forth the calculations supporting such statements in respect of Section 8.20 hereof. 

Delivery within period specified above in clauses (a) and (b) of the U.S. Borrower’s quarterly report on Form 10-Q (with respect to clause (a))
or annual report on Form 10-K (with respect to clause (b)), in each case, prepared in compliance with the requirements therefor and filed with the Securities and Exchange Commission shall be deemed to have satisfied the requirements of clause
(a) or (b) above, as applicable. The U.S. Borrower will be deemed to have made such delivery it has timely made such Form 10-Q or 10-K, as applicable, available on “EDGAR” and on its homepage on the worldwide web (at the date of
this Agreement located at www.smucker.com) and shall have given the Administrative Agent prior notice (which shall contain an electronic link to the location on EDGAR or the U.S. Borrower’s homepage on the worldwide web where such forms are
located) of such availability on EDGAR and on its home page in connection with each delivery. The Borrowers may comply with the requirements of the other clauses of this Section 8.5 by publishing such statements and reports on its internet web
site or another accessible electronic database and giving the Administrative Agent notice (which shall contain an electronic link to the location on EDGAR or the U.S. Borrower’s homepage on the worldwide web where such forms are located)
thereof. 
 Section 8.6. Inspection. Each Borrower shall, and shall cause each Loan Party to, permit the Administrative Agent
and the L/C Issuer (if there are any Letters of Credit outstanding), and each of their duly authorized representatives and agents to visit and inspect any of its Property, corporate books, and financial records, to examine and make copies of
its books of accounts and other financial records, and to discuss its affairs, finances, and accounts with, its officers having responsibility for the matters being discussed and independent public accountants (and by this provision each Borrower
hereby authorizes such accountants to discuss with the Administrative Agent and L/C Issuer the finances and affairs of such Borrower and its Subsidiaries) at such reasonable times and intervals as the Administrative Agent or any such Lender or
L/C Issuer may designate and, so long as no Event of Default exists, with reasonable prior notice to the relevant Borrower. 

Section 8.7. Borrowings and Guaranties. No Borrower shall, nor shall it permit any Subsidiary to, issue, incur, assume, create or have
outstanding any Debt, or incur liabilities for interest rate, currency, or commodity cap, collar, swap, or similar hedging arrangements, or be or become liable as endorser, guarantor, surety or otherwise for any debt, obligation or undertaking of
any other Person (including any Borrower or Subsidiary) in respect of Debt, or otherwise agree to provide funds for payment of the obligations of another in respect of Debt, or supply funds thereto or invest therein or otherwise assure a creditor in
respect of Indebtedness for Borrowed Money of another against loss, or apply for or become liable to the issuer of a letter of credit which supports an obligation of another; provided, however, that the foregoing shall not restrict nor
operate to prevent: 

  
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 (a) the Obligations of the Borrowers and the Guarantors owing to the
Administrative Agent and the Lenders (and their Affiliates); 
 (b) obligations of any Borrower or any Subsidiary arising out
of interest rate, foreign currency, and commodity hedging agreements entered into with financial institutions in connection with bona fide hedging activities in the ordinary course of business and not for speculative purposes; 

(c) endorsement of items for deposit or collection of commercial paper received in the ordinary course of business; 

(d) intercompany advances from time to time owing by any Subsidiary to any Borrower or another Subsidiary or by any Borrower to
a Subsidiary in and guarantees and similar undertakings by a Borrower or a Subsidiary in respect of such obligations of any other Borrower or Subsidiary; 

(e) Debt and guaranties outstanding (or commitments existing) on the date hereof and listed on Schedule 8.7 and any
refinancings, refundings, renewals or extensions thereof; provided that the principal amount of such Debt and guaranties is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a
reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder; 

(f) Debt of any Person that becomes a Subsidiary of a Borrower after the date hereof in accordance with the terms of
Section 8.9, which Debt is existing at the time such Person becomes a Subsidiary of a Borrower (other than Debt incurred solely in contemplation of such Person’s becoming a Subsidiary of a Borrower); 

(g) Priority Debt in an aggregate amount not to exceed 15% of Consolidated Total Capitalization as of the most recently ended
fiscal quarter of the U.S. Borrower at any time; and 
 (h) indebtedness of the U.S. Borrower, the Canadian Borrower or any
Subsidiary Guarantor not otherwise permitted by this Section, provided that after the incurrence thereof the U.S. Borrower is in compliance on a pro forma basis with Section 8.20(a) hereof. 

Section 8.8. Liens. No Borrower shall, nor shall it permit any Subsidiary to, create, incur or permit to exist any Lien of any
kind on any Property owned by any such Person; provided, however, that the foregoing shall not apply to nor operate to prevent: 

  
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 (a) Liens arising by statute in connection with worker’s compensation,
unemployment insurance, old age benefits, social security obligations, taxes, assessments, statutory obligations or other similar charges (other than Liens arising under (i) ERISA or (ii) any Canadian federal and provincial pension laws
unless such Lien arises or persists in the normal course of the funding or administration of a Canadian Pension Plan incompliance with applicable law), good faith cash deposits in connection with tenders, contracts or leases to which any Borrower or
any Subsidiary is a party or other cash deposits required to be made in the ordinary course of business, provided in each case that the obligation is not for borrowed money; 

(b) mechanics’, workmen’s, materialmen’s, landlords’, carriers’ or other similar Liens arising in the
ordinary course of business; 
 (c) judgment liens and judicial attachment liens not constituting an Event of Default under
Section 9.1(g) hereof and the pledge of assets for the purpose of securing an appeal, stay or discharge in the course of any legal proceeding; 

(d) any interest or title of a lessor under any operating lease; 

(e) easements, rights-of-way, restrictions, and
other similar encumbrances against real property incurred in the ordinary course of business which, in the aggregate, are not substantial in amount and which do not materially detract from the value of the Property subject thereto or materially
interfere with the ordinary conduct of the business of any Borrower or any Subsidiary; 
 (f) Liens existing on the date
hereof and any renewals or extensions thereof, provided that (i) the Property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased except as contemplated by Section 8.7(e),
(iii) the direct or any contingent obligor with respect thereto is not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is permitted by Section 8.7(e); 

(g) Liens on Property of a Person existing at the time such Person is merged into or consolidated with a Borrower or any
Subsidiary of a Borrower or becomes a Subsidiary of a Borrower; provided that such Liens were not created in contemplation of such merger, consolidation or investment and do not extend to any assets other than those of the Person merged into
or consolidated with such Borrower or such Subsidiary or acquired by such Borrower or such Subsidiary, and the applicable Indebtedness for Borrowed Money secured by such Lien is permitted under Section 8.7(f); 

(h) reservations and exceptions relating to Property in Canada contained or implied by statute in the original disposition from
the Crown in right of Canada and grants made by the Crown in right of Canada of interests so reserved or accepted; 
 (i)
Liens securing intercompany advances permitted by Section 8.7(d) to the extent solely in favor of a Borrower or a Subsidiary; and 

  
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 (j) Liens not otherwise permitted hereby securing indebtedness permitted by this
Section 8.8, provided that the aggregate principal amount of Priority Debt plus (without duplication) the aggregate principal amount of indebtedness secured by a Lien pursuant to this subsection (j) will not exceed 15% of
Consolidated Total Capitalization as of the most recently ended fiscal quarter of the U.S. Borrower at any time. 
 Section 8.9.
Acquisitions; Intercompany Investments, Loans and Advances. No Borrower shall, nor shall it permit any Subsidiary to, directly or indirectly, make, retain or have outstanding any investments (whether through purchase of stock or
obligations or otherwise) in, or loans or advances to (other than for travel advances and other similar cash advances made to employees in the ordinary course of business), any other Borrower or Subsidiary, or acquire all or substantially all of the
assets or business of any other Person or division thereof; provided, however, that the foregoing shall not apply to nor operate to prevent: 

(a) each Borrower’s investments from time to time in its Subsidiaries (including the formation of new subsidiaries), and
investments made from time to time by a Subsidiary in one or more of its Subsidiaries (including the formation of new subsidiaries); 

(b) intercompany advances made from time to time by any Borrower or a Subsidiary to another Borrower or Subsidiary or by a
Subsidiary to a Borrower; and 
 (c) Permitted Acquisitions. 

Section 8.10. Mergers, Consolidations and Sales. No Borrower shall, nor shall it permit any Subsidiary to, be a party to any
merger, amalgamation, consolidation, arrangement or reorganization or sell, transfer, lease or otherwise dispose of all or any part of its Property, including any disposition of Property as part of a sale and leaseback transaction other than in the
ordinary course of business; provided, however, that this Section shall not apply to nor operate to prevent: 

(a) the sale, transfer, lease or other disposition of Property of (i) any Borrower and any Wholly owned Subsidiary to one
another and (ii) any Borrower or Subsidiary to another for fair value; 
 (b) the sale, transfer, lease or other
disposition of Property of any Subsidiary that is neither a Borrower nor a Guarantor and any other Subsidiary that is neither a Borrower nor a Guarantor to one another; 

(c) any Subsidiary may merge or amalgamate with (i) a Borrower, provided that (A) if the Subsidiary is merging with
the US Borrower, such Borrower shall be the continuing or surviving Person and (B) if such Subsidiary is amalgamating with the Canadian Borrower, the amalgamated corporation resulting from such amalgamation shall deliver a written confirmation
to the Administrative Agent confirming that it is subject to all of the Obligations of the Canadian Borrower hereunder, or (ii) any one or more other Subsidiaries, provided that when any Wholly owned Subsidiary is merging or amalgamating
with another Subsidiary, the Wholly owned Subsidiary shall be the continuing or surviving Person; 

  
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 (d) in connection with any acquisition permitted under Section 8.9, any
Borrower and any Subsidiary of a Borrower may merge or amalgamate into or consolidate with any other Person or permit any other Person to merge or amalgamate into or consolidate with it; provided that the Person surviving such merger,
amalgamation or consolidation shall be a Borrower or a Subsidiary of such Borrower, or in the case of the Canadian Borrower, the amalgamated corporation resulting from such amalgamation shall deliver a written confirmation to the Administrative
Agent confirming that it is subject to all of the Obligations of the Canadian Borrower hereunder; 
 (e) sale, transfer or
other disposition of any equipment or real property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such sale, transfer or other disposition
are reasonably promptly applied to the purchase price of such replacement property; 
 (f)
non-exclusive licenses of intellectual property rights; 
 (g) any Subsidiary may
dissolve, liquidate or otherwise terminate its existence, or may reincorporate or reorganize in another jurisdiction, if the U.S. Borrower determines that such action is consistent with the interests of the U.S. Borrower and its Subsidiaries taken
as a whole; and 
 (h) any Borrower or any Subsidiary may sell, lease, transfer or otherwise dispose of any assets to any
Person so long as (i) such disposition is for fair market value (as determined by such Borrower or Subsidiary); and (ii) the aggregate amount of all such dispositions pursuant to this subsection (h) for all of the Borrowers and
Subsidiaries does not exceed, for the most recently completed four fiscal quarters of U.S. Borrower, an amount equal to fifteen percent (15%) of Consolidated Total Assets for the most recently completed fiscal year of U.S. Borrower; provided,
however, that if the proceeds hereof are intended to be used to repay Indebtedness for Borrowed Money or to acquire property useful in the business of the U.S. Borrower and its Subsidiaries within three hundred sixty-five (365) days, then such
sale, lease, transfer or other disposition shall be excluded for the purposes of determining compliance with this subsection (h). 

Section 8.11. Dividends and Certain Other Restricted Payments. No Borrower shall, nor shall it permit any Subsidiary to,
(a) declare or pay any dividends on or make any other distributions in respect of any class or series of its capital stock or other equity interests (other than dividends or distributions payable solely in its capital stock or other equity
interests), or (b) directly or indirectly purchase, redeem, or otherwise acquire or retire any of its capital stock or other equity interests or any warrants, options, or similar instruments to acquire the same, (collectively referred to herein
as “Restricted Payments”); provided, however, that (a) the foregoing shall not operate to prevent the making of dividends or distributions by any Subsidiary to any other Subsidiary or to a Borrower, and
(b) the U.S. Borrower may declare or pay any Restricted Payment so long as both immediately prior to and after such declaration or payment no Event of Default shall exist. 

  
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 Section 8.12. Benefit Plans. (a) ERISA. Each Borrower shall, and shall
cause each ERISA Affiliate to, promptly pay and discharge all obligations and liabilities arising under ERISA of a character which if unpaid or unperformed would reasonably be expected to result in the imposition of a Lien against any of its
Property and have a Material Adverse Effect. Each Borrower shall, and shall cause ERISA Affiliate to, promptly notify the Administrative Agent and each Lender of: (a) the occurrence of any Reportable Event with respect to a Pension Plan,
(b) receipt of any notice from the PBGC of its intention to seek termination of any Pension Plan or appointment of a trustee therefor, (c) its intention to terminate or withdraw from any Pension Plan, and (d) the occurrence of any
event with respect to any Plan which would result in the incurrence by such Borrower or any ERISA Affiliate of any liability, fine or penalty, or any increase in the contingent liability of such Borrower or any ERISA Affiliate with respect to any post-retirement Welfare Plan benefit, that, in any such case, would reasonably be expected to have a Material Adverse Effect. 

(b) Canadian Pension Plans and Benefit Plans. 

(i) For each existing, or hereafter adopted, Canadian Pension Plan and Canadian Benefit Plan, each Borrower and its
Subsidiaries shall in a timely fashion comply with and perform in all material respects all of their statutory obligations under and in respect of such Canadian Pension Plan or Canadian Benefit Plan, including under any funding agreements and all
applicable laws (including any fiduciary, funding, investment and administration obligations). 
 (ii) All employer or
employee payments, contributions or premiums required to be remitted, paid to or in respect of each Canadian Pension Plan or Canadian Benefit Plan shall be paid or remitted by any Borrower or its Subsidiary in a timely fashion in accordance with the
terms thereof, any funding agreements and all applicable laws. Each Borrower and its Subsidiaries shall also ensure that within 30 days after (A) the timely filing of an actuarial valuation report required to be filed under Canadian
pension legislation, or (B) the rendering of an actuarial valuation report commissioned at the request of any Borrower or its subsidiaries (a “New Valuation Report”), which New Valuation Report identifies a going concern or
solvency deficit (using actuarial methods and assumptions which are consistent with the valuations last filed with the applicable Governmental Authorities and with generally accepted actuarial principles) that is greater than the corresponding going
concern or solvency deficit disclosed in Schedule 6.15(b) (the “Increased Deficit”), where such Increased Deficit would reasonably be expected to have a Material Adverse Effect, the difference between the Increased Deficit and
the corresponding deficit disclosed in Schedule 6.15 shall be liquidated so as to bring the level of such deficit to a level equal to any corresponding deficit disclosed in Schedule 6.15(b) . 

(iii) Except as disclosed in Schedule 6.15(b), where it would reasonably be expected to have a Material Adverse Effect,
(i) no Canadian Benefit Plans shall be an unfunded or self-insured plan; and (ii) no Borrower or Subsidiary shall increase its unfunded position in respect of such Canadian Benefit Plan disclosed in 6.15(b) 

  
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 (iv) Except as disclosed in Schedule 6.15(b), no Borrower or any of their
Subsidiaries shall have any liability in respect of a multi-employer pension plan as that term is defined in the relevant Canadian pension legislation. 

(v) Each Borrower or its Subsidiary shall deliver to the Administrative Agent (A) if requested by the Administrative
Agent, copies of each annual and other return, report or valuation with respect to each Canadian Pension Plan as filed with any applicable Governmental Authority or as commissioned by such Borrower or its Subsidiary; (B) promptly after receipt
thereof, a copy of any material claim direction, order, notice, ruling or opinion that any Borrower or any Subsidiary may receive from any applicable Governmental Authority or other claimant except for regular claims for benefits with respect to any
Canadian Pension Plan or Canadian Benefit Plan; and (C) notification within thirty (30) days of any increases having a cost to any Borrower or any Subsidiary in excess of Twenty Five Million Dollars ($25,000,000) per annum in the
aggregate, in respect of any existing Canadian Pension Plan or Canadian Benefit Plan, or the establishment of any new Canadian Pension Plan or Canadian Benefit Plan, or the commencement of contributions to any such plan to which any Borrower or any
Subsidiary was not previously contributing. 
 Section 8.13. Compliance with Laws. Each Borrower shall, and shall cause each
Subsidiary to, comply in all material respects with the requirements of all federal, state, provincial, and local laws, rules, regulations, ordinances and orders applicable to or pertaining to its Property or business operations, except in such
instances in which (a) such requirement of law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith would not reasonably be expected
to have a Material Adverse Effect. 
 Section 8.14. Compliance with OFAC Sanctions Programs. (a) Each Borrower shall at all
times comply with the requirements of all United States and Canadian export control, trade and commerce laws (including without limitation the OFAC Sanctions Programs) applicable to such Borrower and shall cause each of its Subsidiaries to comply
with the requirements of all United States and Canadian export control, trade and commerce laws applicable to such Subsidiary, except in each case where any such non-compliance, individually or in the
aggregate, would not reasonably be expected to have a Material Adverse Effect. 
 (b) Each Borrower shall provide the Administrative Agent,
the L/C Issuer, and the Lenders any information regarding such Borrower, its Affiliates, and its Subsidiaries necessary for the Administrative Agent, the L/C Issuer, and the Lenders to comply with all applicable United States and Canadian export
control, trade and commerce laws (including without limitation the OFAC Sanctions Programs); subject however, in the case of Affiliates, to such Borrower’s ability to provide information applicable to them. 

  
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 (c) If any Borrower obtains actual knowledge or receives any written notice that such Borrower,
any Affiliate or any Subsidiary is named on the then current OFAC SDN List (such occurrence, an “OFAC Event”), such Borrower shall promptly (i) give written notice to the Administrative Agent, the L/C Issuer, and the Lenders of
such OFAC Event, and (ii) comply with all applicable laws with respect to such OFAC Event (regardless of whether the party included on the OFAC SDN List is located within the jurisdiction of the United States of America), including the United
States and Canadian export control, trade and commerce laws (including without limitation the OFAC Sanctions Programs), and each Borrower hereby authorizes and consents to the Administrative Agent, the L/C Issuer, and the Lenders taking any and all
steps the Administrative Agent, the L/C Issuer, or the Lenders deem necessary, in their sole but reasonable discretion, to avoid violation of all applicable laws with respect to any such OFAC Event, including the requirements of the United States
and Canadian export control, trade and commerce laws (including without limitation the OFAC Sanctions Programs) (including the freezing and/or blocking of assets and reporting such action to OFAC). 

Section 8.15. Burdensome Contracts With Affiliates. Except as otherwise permitted hereunder, no Borrower shall, nor shall it
permit any Subsidiary to, enter into any contract, agreement or business arrangement with any of its Affiliates on terms and conditions which are, taken as a whole, materially less favorable to the Borrower or such Subsidiary than would be usual and
customary in similar contracts, agreements or business arrangements between Persons not affiliated with each other; provided however that the foregoing shall not prohibit (a) the payment of customary and reasonable directors’ fees to
directors who are not employees of any Borrower or any of their Subsidiaries or an Affiliate, (b) any transaction between a Borrower or a Guarantor and an Affiliate that is a Borrower or a Guarantor which the U.S. Borrower reasonably determines
in good faith is beneficial to the U.S. Borrower and is Subsidiaries taken as a whole and which is not entered into for the purpose of hindering the exercise by the Administrative Agent or the Lenders of any rights or remedies under this Agreement,
(c) any employment agreement, employee benefit plan, stock option plan, officer and director indemnification agreement or any similar arrangement entered into by any Borrower or any Subsidiary in the ordinary course of business, or
(d) loans to employees or officers in the ordinary course of business. 
 Section 8.16. No Changes in Fiscal Year. The
fiscal year of the Borrowers and their Subsidiaries ends on April 30 of each year; and no Borrower shall, nor shall it permit any Subsidiary to, change its fiscal year from its present basis. 

Section 8.17. Change in the Nature of Business. No Borrower shall, nor shall it permit any Subsidiary to, engage in any material
line of business if as a result thereof the general nature of the business conducted by the U.S. Borrower and its Subsidiaries would be substantially changed from the general nature of the business conducted by the U.S. Borrower and its Subsidiaries
on the date hereof (it being understood and agreed that any business which is in the food and beverage industry shall not violate this Section 8.17). 

Section 8.18. Use of Proceeds. Each Borrower shall use the credit extended to it under this Agreement solely for the purposes set
forth in, or otherwise permitted by, Section 6.4 hereof. 

  
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 Section 8.19. No Restrictions. Except as provided herein, no Borrower shall, nor
shall it permit any Subsidiary to, directly or indirectly create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of such Borrower or any Subsidiary to: (a) pay
dividends or make any other distribution on any Subsidiary’s capital stock or other equity interests owned by such Borrower or any other Subsidiary, (b) pay any indebtedness owed to a Borrower or any other Subsidiary, (c) make loans
or advances to any Borrower or any other Subsidiary, (d) transfer any of its Property to any Borrower or any other Subsidiary, or (e) guarantee the Obligations as required by the Loan Documents, except for such encumbrances or restrictions
existing under or by reason of (i) applicable law, (ii) customary non-assignment provisions in leases or other agreement entered into in the ordinary course of business and consistent with past practices, or (iii) customary
restrictions in security agreements or mortgages securing Indebtedness for Borrowed Money of any Borrower or any of their Subsidiaries, or any Capital Lease, of any Borrower or any Subsidiary to the extent such restrictions shall only restrict the
transfer of the Property subject to such agreement, mortgage or Capital Lease. 
 Section 8.20. Financial Covenants.
(a) Total Leverage Ratio. As of the last day of each fiscal quarter of the Borrowers, the Borrowers shall not permit the Total Leverage Ratio to be greater than 3.5 to 1. 

(b) Interest Coverage Ratio. As of the last day of each fiscal quarter of the Borrowers, the Borrowers shall not permit the Interest
Coverage Ratio to be less than 3.5 to 1. 
 Section 8.21. Other Covenants. In the event that after the date hereof any Borrower
or any Guarantor shall enter into, or shall have entered into, any agreement regarding Indebtedness for Borrowed Money in a principal amount in excess of $150,000,000, which contain Financial Covenants that are not contained herein or that are more
restrictive than the Financial Covenants set forth herein, then the Borrowers and the Guarantors shall be bound hereunder by such more restrictive Financial Covenants with the same force and effect as if such covenants were written herein. For
purposes of this Section 8.21, “Financial Covenant” means any covenant or equivalent provision (including, without limitation, any default or event of default provision and definitions of defined terms used therein) requiring
the U.S. Borrower (a) to maintain any level of financial performance (including, without limitation, a specified level of net worth, total assets, cash flow or net income), (b) not to exceed any maximum level of indebtedness, (c) to
maintain any relationship of any component of its capital structure to any other component thereof (including, without limitation, the relationship of indebtedness, senior indebtedness or subordinated indebtedness to total capitalization or to net
worth), or (d) to maintain any measure of its ability to service its indebtedness (including, without limitation, falling below any specified ratio of revenues, cash flow or net income to interest expense, rental expense, capital expenditures
and/or scheduled payments of indebtedness). 

  
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 SECTION 9. EVENTS OF DEFAULT AND
REMEDIES. 
 Section 9.1. Events of Default. Any one or more of the following shall constitute an “Event
of Default” hereunder: 
 (a) default in the payment when due of all or any part of the principal of any Loan
(whether at the stated maturity thereof or at any other time provided for in this Agreement) or of any Reimbursement Obligation, or default for a period of five (5) Business Days in the payment when due of any interest, fee or other Obligation
payable hereunder or under any other Loan Document; 
 (b) default in the observance or performance of any covenant set forth
in Sections 8.5, 8.7, 8.8, 8.9, 8.10, 8.11, 8.15, 8.17, 8.18, 8.19 or 8.20 hereof; 
 (c) default in the observance or
performance of any other provision hereof or of any other Loan Document which is not remedied within 30 days after the earlier of (i) the date on which such failure shall first become known to any officer of the Borrower or
(ii) written notice thereof is given to any Borrower by the Administrative Agent; 
 (d) any representation or warranty
made herein or in any other Loan Document or in any certificate furnished to the Administrative Agent or the Lenders pursuant hereto or thereto or in connection with any transaction contemplated hereby or thereby proves untrue in any material
respect as of the date of the issuance or making or deemed making thereof; 
 (e) any of the Loan Documents shall for any
reason not be or shall cease to be in full force and effect or is declared to be null and void, or any Loan Party takes any action for the purpose of terminating, repudiating or rescinding any Loan Document executed by it or any of its obligations
thereunder; 
 (f) default shall occur under any Indebtedness for Borrowed Money issued, assumed or guaranteed by any
Borrower or any Subsidiary aggregating in excess of $150,000,000, or under any indenture, agreement or other instrument under which the same may be issued, and such default shall continue for a period of time sufficient to permit the acceleration of
the maturity of any such Indebtedness for Borrowed Money (whether or not such maturity is in fact accelerated), or any such Indebtedness for Borrowed Money shall not be paid when due (whether by demand, lapse of time, acceleration or otherwise);

 (g) any judgment or judgments, writ or writs or warrant or warrants of attachment, or any similar process or processes,
shall be entered or filed against any Borrower or any Subsidiary, or against any of its Property, in an aggregate amount in excess of $150,000,000 (except to the extent fully covered by insurance), and which remains undischarged, unvacated, unbonded
or unstayed for a period of 30 days; 

  
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 (h) an ERISA Event occurs with respect to a pension benefit plan, a Pension Plan
or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of the Borrower under ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount which would be expected to result in a Material
Adverse Effect; 
 (i) any Change of Control shall occur; 

(j) any Borrower or any Subsidiary shall (i) have entered involuntarily against it an order for relief under the United
States Bankruptcy Code, as amended, the Bankruptcy and Insolvency Act (Canada), as amended, or the Companies Creditors Arrangement Act (Canada), as amended, or the Winding-Up and Restructuring Act (Canada), as amended, (ii) not
pay, or admit in writing its inability to pay, its debts generally as they become due, (iii) make an assignment for the benefit of creditors, (iv) apply for, seek, consent to or acquiesce in, the appointment of a receiver, receiver and
manager, custodian, trustee, examiner, liquidator or similar official for it or any substantial part of its Property, (v) institute any proceeding seeking to have entered against it an order for relief under the United States Bankruptcy Code,
as amended, to adjudicate it insolvent, or seeking dissolution, winding up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of
debtors or fail to file an answer or other pleading denying the material allegations of any such proceeding filed against it, (vi) take any corporate action in furtherance of any matter described in parts (i) through (v) above, or
(vii) fail to contest in good faith and with continued due diligence any appointment or proceeding described in Section 9.1(k) hereof; 

(k) a custodian, receiver, receiver and manager, trustee, examiner, liquidator or similar official shall be appointed for any
Borrower or any Subsidiary, or any substantial part of any of its Property, or a proceeding described in Section 9.1(j)(v) shall be instituted against any Borrower or any Subsidiary, and such appointment is not immediately contested in good
faith and with continued due diligence continues undischarged or such proceeding is not immediately contested in good faith and with continued due diligence and continues undismissed or unstayed for a period of 60 days; or 

(l) The Canadian Borrower shall fail to make a payment pursuant to a requirement from the Canada Revenue Agency pursuant to
Section 224 or any successor section of the Income Tax Act (Canada) or Section 317 or any successor section of the Excise Tax Act (Canada) or any comparable provision of similar legislation shall have been received by the
Administrative Agent or any Lender and is not satisfied by the Canadian Borrower or withdrawn within 10 days. 
 Section 9.2. Non-Bankruptcy Defaults. When any Event of Default (other than those described in subsection (j) or (k) of Section 9.1 hereof with respect to any Borrower) has occurred and is continuing, the
Administrative Agent shall, by written notice to the Borrowers: (a) if so directed by the Required Lenders, terminate the remaining Revolving Credit 

  
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Commitments and all other obligations of the Lenders hereunder on the date stated in such notice (which may be the date thereof); (b) if so directed by the Required Lenders, declare the
principal of and the accrued interest on all outstanding Loans to be forthwith due and payable and thereupon all outstanding Loans, including both principal and interest thereon, shall be and become immediately due and payable together with all
other amounts payable under the Loan Documents without further demand, presentment, protest or notice of any kind; and (c) if so directed by the Required Lenders, demand that each Borrower immediately pay to the Administrative Agent the full
amount then available for drawing under each or any Letter of Credit issued for such Borrower’s account hereunder, and each Borrower agrees to immediately make such payment and acknowledges and agrees that the Lenders would not have an adequate
remedy at law for failure by such Borrower to honor any such demand and that the Administrative Agent, for the benefit of the Lenders, shall have the right to require such Borrower to specifically perform such undertaking whether or not any drawings
or other demands for payment have been made under any Letter of Credit. The Administrative Agent, after giving notice to any Borrower pursuant to Section 9.1(c) or this Section 9.2, shall also promptly send a copy of such notice to the
other Lenders, but the failure to do so shall not impair or annul the effect of such notice. 
 Section 9.3. Bankruptcy
Defaults. When any Event of Default described in subsections (j) or (k) of Section 9.1 hereof with respect to any Borrower has occurred and is continuing, then all outstanding Loans shall immediately become due and payable
together with all other amounts payable under the Loan Documents without presentment, demand, protest or notice of any kind, the obligation of the Lenders to extend further credit pursuant to any of the terms hereof shall immediately terminate and
each Borrower shall immediately pay to the Administrative Agent the full amount then available for drawing under all outstanding Letters of Credit issued for such Borrower’s account hereunder, each Borrower acknowledging and agreeing that the
Lenders would not have an adequate remedy at law for failure by such Borrower to honor any such demand and that the Lenders, and the Administrative Agent on their behalf, shall have the right to require such Borrower to specifically perform such
undertaking whether or not any draws or other demands for payment have been made under any of the Letters of Credit. 
 Section 9.4.
Collateral for Undrawn Letters of Credit. (a) If the prepayment of the amount available for drawing under any or all outstanding Letters of Credit issued for the account of a Borrower hereunder is required under Section 1.9(b),
Section 1.15, Section 9.2 or Section 9.3 above, such Borrower shall forthwith pay the amount required to be so prepaid, to be held by the Administrative Agent as provided in subsection (b) below. 

(b) All amounts prepaid pursuant to subsection (a) above shall be held by the Administrative Agent in one or more separate collateral
accounts (each such account, and the credit balances, properties, and any investments from time to time held therein, and any substitutions for such account, any certificate of deposit or other instrument evidencing any of the foregoing and all
proceeds of and earnings on any of the foregoing being collectively called the “Collateral Account”) as security for, and for application by the Administrative Agent (to the extent available) to, the reimbursement of any payment
under any Letter of Credit issued for the account of the Borrower that made such prepayment then or thereafter made by the 

  
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L/C Issuer, and to the payment of the unpaid balance of all other Obligations of such Borrower. The Collateral Account shall be held in the name of and subject to the exclusive dominion
and control of the Administrative Agent for the benefit of the Administrative Agent, the Lenders, and the L/C Issuer. If and when requested by the relevant Borrower, the Administrative Agent shall invest funds held in the Collateral Account
from time to time in direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America with a remaining maturity of one year or less, provided that the Administrative
Agent is irrevocably authorized to sell investments held in the Collateral Account when and as required to make payments out of the Collateral Account for application to amounts due and owing from the Borrower to the L/C Issuer, the
Administrative Agent or the Lenders; provided, however, that (i) if any Borrower shall have made payment of all obligations referred to in subsection (a) above required under Section 1.9(b) and Section 1.15 hereof, if any,
at the request of such Borrower the Administrative Agent shall release to such Borrower amounts held in the Collateral Account so long as at the time of the release and after giving effect thereto no Default or Event of Default exists and, in the
case of Section 1.15 hereof, the Defaulting Lender Period with respect to the relevant Defaulting Lender has terminated, and (ii) if any Borrower shall have made payment of all obligations referred to in subsection (a) above required
under Section 9.2 or 9.3 hereof, so long as no Letters of Credit, Revolving Credit Commitments, Loans or other Obligations remain outstanding, at the request of such Borrower the Administrative Agent shall release to such Borrower any remaining
amounts prepaid by such Borrower that are held in the Collateral Account. 
 Section 9.5. Notice of Default. The
Administrative Agent shall give notice to the Borrowers under Section 9.1(c) hereof promptly upon being requested to do so by any Lender and shall thereupon notify all the Lenders thereof. 

SECTION 10. CHANGE IN CIRCUMSTANCES. 

Section 10.1. Change of Law. Notwithstanding any other provisions of this Agreement or any other Loan Document, if at any time any
change in applicable law or regulation (and for purposes of this Agreement, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all regulations, guidelines or directives in connection therewith (the “Dodd-Frank Act”)
and all requests, rules, guidelines and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities (the
“Basel III Rules”) are deemed to have been adopted and gone into effect after the date hereof), or in the interpretation thereof makes it unlawful for any Lender to make or continue to maintain any Eurodollar Loans or CAD CDOR Loans
or to perform its obligations as contemplated hereby, such Lender shall promptly give notice thereof to the Borrowers and such Lender’s obligations to make or maintain Eurodollar Loans under this Agreement shall be suspended until it is no
longer unlawful for such Lender to make or maintain Eurodollar Loans or CAD CDOR Loans. Each Borrower shall prepay on demand the outstanding principal amount of any such affected Eurodollar Loans or CAD CDOR Loans made to it, together with all
interest accrued thereon and all other amounts then due and payable to such Lender under this Agreement; provided, however, subject to all of the terms and conditions of this Agreement, the U.S. Borrower may then elect to borrow the principal
amount of the affected Eurodollar Loans from such Lender by means of U.S. Base Rate Loans from such 

  
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Lender, and the Canadian Borrower may then elect to borrow the principal amount of the affected CAD CDOR Loans from such Lender by means of a CAD Base Rate Loan from such Lender, which Loans
shall not be made ratably by the Lenders but only from such affected Lender. 
 Section 10.2. Unavailability of Deposits or
Inability to Ascertain, or Inadequacy of, LIBOR or CDOR Fixed Rate. If on or prior to the first day of any Interest Period for any Borrowing of Eurodollar Loans or CAD CDOR Loans: 

(a) the Administrative Agent determines that deposits in U.S. Dollars or Canadian Dollars (in the applicable amounts) are not
being offered to it in the interbank market for such Interest Period, or that by reason of circumstances affecting the relevant interbank market adequate and reasonable means do not exist for ascertaining the applicable LIBOR or CDOR Fixed Rate, or

 (b) the Required Lenders advise the Administrative Agent that (i) LIBOR or CDOR Fixed Rate as determined by the
Administrative Agent will not adequately and fairly reflect the cost to such Lenders of funding their Eurodollar Loans or CAD CDOR Loans, respectively, for such Interest Period or (ii) that the making or funding of Eurodollar Loans or CAD CDOR
Loans become impracticable, 
 then the Administrative Agent shall forthwith give notice thereof to the Borrowers and the Lenders, whereupon until the
Administrative Agent notifies the Borrowers that the circumstances giving rise to such suspension no longer exist, the obligations of the Lenders to make Eurodollar Loans or CAD CDOR Loans, as applicable, shall be suspended. 

Section 10.3. Increased Cost and Reduced Return. (a) If, on or after the date hereof, the adoption of any applicable law,
rule or regulation (and for purposes of this Agreement, the Dodd-Frank Act and the Basel III Rules are deemed to have been adopted and gone into effect after the date hereof), or any change therein, or any change in the interpretation or
administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender (or its Lending Office) or the L/C Issuer with any request or
directive (whether or not having the force of law) of any such authority, central bank or comparable agency: 
 (i) shall
subject any Lender (or its Lending Office) or the L/C Issuer to any tax, duty or other charge with respect to its Eurodollar Loans, CAD CDOR Loans, its Notes, its Letter(s) of Credit, or its participation in any thereof, any Reimbursement
Obligations owed to it or its obligation to make Eurodollar Loans, CAD CDOR Loans, issue a Letter of Credit, or to participate therein, or shall change the basis of taxation of payments to any Lender (or its Lending Office) or the L/C Issuer of
the principal of or interest on its Eurodollar Loans, CAD CDOR Loans, Letter(s) of Credit, or participations therein or any other amounts due under this Agreement or any other Loan Document in respect of its Eurodollar Loans, CAD CDOR Loans,
Letter(s) of Credit, any participation therein, any Reimbursement Obligations owed to it, or its obligation to make Eurodollar Loans, CAD CDOR Loans, or issue a Letter of Credit, or acquire participations therein (except for changes in the rate of
tax on the overall net income of such Lender or its Lending Office or the L/C Issuer imposed by the jurisdiction in which such Lender’s or the L/C Issuer’s principal executive office or Lending Office is located); or 

  
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 (ii) shall impose, modify or deem applicable any reserve, special deposit or
similar requirement (including, without limitation, any such requirement imposed by the Board of Governors of the Federal Reserve System, but excluding with respect to any Eurodollar Loans any such requirement included in an applicable Eurodollar
Reserve Percentage) against assets of, deposits with or for the account of, or credit extended by, any Lender (or its Lending Office) or the L/C Issuer or shall impose on any Lender (or its Lending Office) or the L/C Issuer or on the
interbank market any other condition affecting its Eurodollar Loans, its Notes, its CAD CDOR Loans, its Letter(s) of Credit, or its participation in any thereof, any Reimbursement Obligation owed to it, or its obligation to make Eurodollar Loans or
CAD CDOR Loans, or to issue a Letter of Credit, or to participate therein; 
 and the result of any of the foregoing is to increase the cost to such Lender
(or its Lending Office) or the L/C Issuer of making or maintaining any Eurodollar Loan or CAD CDOR Loans, issuing or maintaining a Letter of Credit, or participating therein, or to reduce the amount of any sum received or receivable by such
Lender (or its Lending Office) or the L/C Issuer under this Agreement or under any other Loan Document with respect thereto, by an amount deemed by such Lender or L/C Issuer to be material, then, within 15 days after demand by such
Lender or L/C Issuer (with a copy to the Administrative Agent), the Borrowers shall be obligated to pay to such Lender or L/C Issuer such additional amount or amounts as will compensate such Lender or L/C Issuer for such increased
cost or reduction. 
 (b) If, after the date hereof, any Lender, the L/ C Issuer, or the Administrative Agent shall have determined that the
adoption of any applicable law, rule or regulation regarding capital adequacy (and for purposes of this Agreement, the Dodd-Frank Act and the Basel III Rules are deemed to have been adopted and gone into effect after the date hereof), or any
change therein, or any change in the interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender (or its Lending
Office) or the L/C Issuer or any corporation controlling such Lender or L/C Issuer with any request or directive regarding capital adequacy or liquidity (whether or not having the force of law) of any such authority, central bank or
comparable agency, has had the effect of reducing the rate of return on such Lender’s or L/C Issuer’s or such corporation’s capital as a consequence of its obligations hereunder to a level below that which such Lender or
L/C Issuer or such corporation could have achieved but for such adoption, change or compliance (taking into consideration such Lender’s or L/C Issuer’s or such corporation’s policies with respect to capital adequacy or
liquidity) by an amount deemed by such Lender or L/C Issuer to be material, then from time to time, within 15 days after demand by such Lender or L/C Issuer (with a copy to the Administrative Agent), each Borrower shall pay in respect
of Letters of Credit issued for its account to such Lender or L/C Issuer, as applicable, such additional amount or amounts as will compensate such Lender or L/C Issuer for such reduction. 

  
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 (c) A certificate of a Lender or L/C Issuer claiming compensation under this
Section 10.3 and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive if reasonably determined. In determining such amount, such Lender or L/C Issuer may use any reasonable averaging and attribution
methods. Notwithstanding the foregoing, the Borrowers shall not be obligated to compensate any Lender or L/C Issuer for any increased costs or reductions incurred more than 90 days prior to the date the Lender or L/C Issuer, as the case may be,
notifies the Borrowers of its intention to claim compensation therefor. 
 Section 10.4. Lending Offices. Each Lender and L/C
Issuer may, at its option, elect to make its Loans and issue its Letters of Credit hereunder at the branch, office or affiliate specified on the Administration Questionnaire provided by it to the Administrative Agent (each a “Lending
Office”) for each type of Loan available hereunder and for each Borrower hereunder or at such other of its branches, offices or affiliates as it may from time to time elect and designate in a written notice to the Borrowers and the
Administrative Agent. All terms of this Agreement shall apply to any such Lending Office and the Loans, Letters of Credit, participations in L/C Obligations and any Notes issued hereunder shall be deemed held by each Lender or the L/C Issuer, as the
case may be, for the benefit of any such Lending Office. To the extent reasonably possible, a Lender shall designate an alternative branch or funding office with respect to its Eurodollar Loans to reduce any liability of the Borrowers to such Lender
under Section 10.3 hereof or to avoid the unavailability of Eurodollar Loans under Section 10.2 hereof, so long as such designation is not otherwise disadvantageous to the Lender. 

Section 10.5. Discretion of Lender as to Manner of Funding. Notwithstanding any other provision of this Agreement, each Lender
shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder with respect to Eurodollar Loans shall
be made as if each Lender had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the interbank eurodollar market having a maturity corresponding to such Loan’s Interest Period, and bearing an interest rate
equal to LIBOR for such Interest Period. 
 SECTION 11. THE ADMINISTRATIVE AGENT. 

Section 11.1. Appointment and Authorization of Administrative Agent. Each Lender and the L/C Issuer hereby appoints
Bank of Montreal as the Administrative Agent under the Loan Documents and hereby authorizes the Administrative Agent to take such action as Administrative Agent on its behalf and to exercise such powers under the Loan Documents as are delegated to
the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto. The Lenders and L/C Issuer expressly agree that the Administrative Agent is not acting as a fiduciary of the Lenders or the
L/C Issuer in respect of the Loan Documents, the Borrowers or otherwise, and nothing herein or in any of the other Loan Documents shall result in any duties or obligations on the Administrative Agent or any of the Lenders or L/C Issuer
except as expressly set forth herein. 
 Section 11.2. Administrative Agent and its Affiliates. The Administrative Agent
shall have the same rights and powers under this Agreement and the other Loan Documents as any other Lender and may exercise or refrain from exercising such rights and power as though it 

  
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were not the Administrative Agent, and the Administrative Agent and its affiliates may accept deposits from, lend money to, and generally engage in any kind of business with any Borrower or
any Affiliate of any Borrower as if it were not the Administrative Agent under the Loan Documents. The term “Lender” as used herein and in all other Loan Documents, unless the context otherwise clearly requires, includes the
Administrative Agent in its individual capacity as a Lender (if applicable).  
 Section 11.3. Action by Administrative
Agent. If the Administrative Agent receives from any Borrower a written notice of an Event of Default pursuant to Section 8.5 hereof, the Administrative Agent shall promptly give each of the Lenders and L/C Issuer written notice
thereof. The obligations of the Administrative Agent under the Loan Documents are only those expressly set forth therein. Without limiting the generality of the foregoing, the Administrative Agent shall not be required to take any action hereunder
with respect to any Default or Event of Default, except as expressly provided in Sections 9.2 and 9.5. Unless and until the Required Lenders give such direction, the Administrative Agent may (but shall not be obligated to) take or refrain from
taking such actions as it deems appropriate and in the best interest of all the Lenders and L/C Issuer. In no event, however, shall the Administrative Agent be required to take any action in violation of applicable law or of any provision of
any Loan Document, and the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder or under any other Loan Document unless it first receives any further assurances of its indemnification from the Lenders
that it may require, including prepayment of any related expenses and any other protection it requires against any and all costs, expense, and liability which may be incurred by it by reason of taking or continuing to take any such action. The
Administrative Agent shall be entitled to assume that no Default or Event of Default exists unless notified in writing to the contrary by a Lender, the L/C Issuer, or a Borrower. In all cases in which the Loan Documents do not require the
Administrative Agent to take specific action, the Administrative Agent shall be fully justified in using its discretion in failing to take or in taking any action thereunder. Any instructions of the Required Lenders, or of any other group of Lenders
called for under the specific provisions of the Loan Documents, shall be binding upon all the Lenders and the holders of the Obligations. 

Section 11.4. Consultation with Experts. The Administrative Agent may consult with legal counsel, independent public
accountants, and other experts selected by it and shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the advice of such counsel, accountants or experts. 

Section 11.5. Liability of Administrative Agent; Credit Decision. Neither the Administrative Agent nor any of its
directors, officers, agents or employees shall be liable for any action taken or not taken by it in connection with the Loan Documents: (i) with the consent or at the request of the Required Lenders or (ii) in the absence of its own gross
negligence or willful misconduct. Neither the Administrative Agent nor any of its directors, officers, agents or employees shall be responsible for or have any duty to ascertain, inquire into or verify: (i) any statement, warranty or
representation made in connection with this Agreement, any other Loan Document or any Credit Event; (ii) the performance or observance of any of the covenants or agreements of any Borrower or any Subsidiary contained herein or in any other Loan
Document; (iii) the satisfaction of any condition specified in Section 7 hereof, except receipt of items 

  
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required to be delivered to the Administrative Agent; or (iv) the validity, effectiveness, genuineness, enforceability, perfection, value, worth or collectibility hereof or of any other Loan
Document or of any other documents or writing furnished in connection with any Loan Document; and the Administrative Agent makes no representation of any kind or character with respect to any such matter mentioned in this sentence. The
Administrative Agent may execute any of its duties under any of the Loan Documents by or through employees, agents, and attorneys-in-fact and shall not be answerable to
the Lenders, the L/C Issuer, the Borrowers, or any other Person for the default or misconduct of any such agents or attorneys-in-fact selected with reasonable care.
The Administrative Agent shall not incur any liability by acting in reliance upon any notice, consent, certificate, other document or statement (whether written or oral) believed by it to be genuine or to be sent by the proper party or parties. In
particular and without limiting any of the foregoing, the Administrative Agent shall have no responsibility for confirming the accuracy of any compliance certificate or other document or instrument received by it under the Loan Documents. The
Administrative Agent may treat the payee of any Obligation as the holder thereof until written notice of transfer shall have been filed with the Administrative Agent signed by such payee in form satisfactory to the Administrative Agent. Each Lender
and L/C Issuer acknowledges that it has independently and without reliance on the Administrative Agent or any other Lender or L/C Issuer, and based upon such information, investigations and inquiries as it deems appropriate, made its own
credit analysis and decision to extend credit to the Borrowers in the manner set forth in the Loan Documents. It shall be the responsibility of each Lender and L/C Issuer to keep itself informed as to the creditworthiness of any Borrower and
its Subsidiaries, and the Administrative Agent shall have no liability to any Lender or L/C Issuer with respect thereto. 

Section 11.6. Indemnity. The Lenders shall ratably, in accordance with their respective Percentages, indemnify and hold the
Administrative Agent, and its directors, officers, employees, agents, and representatives harmless from and against any liabilities, losses, costs or expenses suffered or incurred by it under any Loan Document or in connection with the transactions
contemplated thereby, regardless of when asserted or arising, except to the extent they are promptly reimbursed for the same by any Borrower and except to the extent that any event giving rise to a claim was caused by the gross negligence or willful
misconduct of the party seeking to be indemnified. The obligations of the Lenders under this Section shall survive termination of this Agreement. The Administrative Agent shall be entitled to offset amounts received for the account of a Lender under
this Agreement against unpaid amounts due from such Lender to the Administrative Agent, any L/C Issuer, or Swing Line Lender hereunder (whether as fundings of participations, indemnities or otherwise, and with any amounts offset for the benefit of
the Administrative Agent to be held by it for its own account and with any amounts offset for the benefit of a L/C Issuer or Swing Line Lender to be remitted by the Administrative Agent to of for the account of such L/C Issuer or Swing Line Lender,
as applicable), but shall not be entitled to offset against amounts owed to the Administrative Agent, any L/C Issuer or Swing Line Lender by any Lender arising outside of this Agreement and the other Loan Documents. 

Section 11.7. Resignation of Administrative Agent and Successor Administrative Agent. The Administrative Agent may resign
at any time by giving written notice thereof to the Lenders, the L/C Issuer, and the Borrowers. Upon any such resignation of the Administrative Agent, the Required Lenders shall have the right to appoint a successor Administrative Agent,
subject to the 

  
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consent (which shall not be unreasonably withheld or delayed) of the Borrowers if no Event of Default shall have occurred and be continuing. If no successor Administrative Agent shall have been
so appointed by the Required Lenders, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent’s giving of notice of resignation then the retiring Administrative Agent may, on behalf of the Lenders,
appoint a successor Administrative Agent, which may be any Lender hereunder or, with the consent (which shall not be unreasonably withheld or delayed) of the Borrowers if no Event of Default shall have occurred and be continuing, any commercial
bank, or an Affiliate of a commercial bank, having an office in the United States of America and having a combined capital and surplus of at least $200,000,000. Upon the acceptance of its appointment as the Administrative Agent hereunder, such
successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent under the Loan Documents, and the retiring Administrative Agent shall be discharged from its duties and
obligations thereunder. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this Section 11 and all protective provisions of the other Loan Documents shall inure to its benefit as to
any actions taken or omitted to be taken by it while it was Administrative Agent, but no successor Administrative Agent shall in any event be liable or responsible for any actions of its predecessor. If the Administrative Agent resigns and no
successor is appointed, the rights and obligations of such Administrative Agent shall be automatically assumed by the Required Lenders and the Borrowers shall be directed to make all payments due each Lender and L/C Issuer hereunder directly to
such Lender or L/C Issuer. 
 Section 11.8. L/C Issuer and Swing Line Lender. The L/C Issuer shall act on behalf of
the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and the Swing Line Lender shall act on behalf of the Lenders with respect to the Swing Loans made hereunder. The L/C Issuer and the Swing
Line Lender shall each have all of the benefits and immunities (a) provided to the Administrative Agent in this Section 11 with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit
issued by it or proposed to be issued by it and the Applications pertaining to such Letters of Credit or by the Swing Line Lender in connection with Swing Loans made or to be made hereunder as fully as if the term “Administrative Agent”,
as used in this Section 11, included the L/C Issuer and the Swing Line Lender with respect to such acts or omissions and (b) as additionally provided in this Agreement with respect to such L/C Issuer or Swing Line Lender, as
applicable. 
 Section 11.9. Designation of Additional Agents. The Administrative Agent shall have the continuing right,
for purposes hereof, at any time and from time to time to designate one or more of the Lenders (and/or its or their Affiliates) as “syndication agents,” “documentation agents,” “book runners,” “lead
arrangers,” “arrangers,” or other designations for purposes hereto, but such designation shall have no substantive effect, and neither the Lead Arrangers and syndication agent named herein nor any such Lenders and their Affiliates
shall have any additional powers, duties or responsibilities as a result of being named herein or of being so designated by the Administrative Agent. 

  
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 Section 11.10. The Intercreditor Agreement. The Administrative Agent is hereby
irrevocably authorized by the Required Lenders to execute and deliver the Intercreditor Agreement on behalf of each of the Lenders and to take such action and exercise such powers under the Intercreditor Agreement as the Administrative Agent
considers appropriate, provided the Administrative Agent shall not amend the Intercreditor Agreement unless (a) such amendment is agreed to in writing by the Required Lenders, or (b) such amendment is necessary as a result of an amendment,
waiver or other modification of this Agreement that has been approved by the Required Lenders. Each Lender acknowledges and agrees that it (and any assignee of such Lender) will be bound by the terms and conditions of the Intercreditor Agreement
upon the execution and delivery thereof by the Administrative Agent. Except as otherwise specifically provided for herein, no Lender other than the Administrative Agent shall have the right to institute any suit, action or proceeding in equity or at
law for the enforcement of any remedy under the Intercreditor Agreement; it being understood and intended that all proceedings at law or in equity shall be instituted, had, and maintained by the Administrative Agent in the manner provided for in the
Intercreditor Agreement for the benefit of the Lenders. 
 SECTION 12. THE GUARANTEES. 

Section 12.1. The Guarantees. To induce the Lenders and L/C Issuer to provide the credits described herein and in
consideration of benefits expected to accrue to the Borrowers by reason of the Revolving Credit Commitments and for other good and valuable consideration, receipt of which is hereby acknowledged, (a) each Guarantor which is a Domestic
Subsidiary (including any such Subsidiary executing an Additional Guarantor Supplement in the form attached hereto as Exhibit G or such other form acceptable to the Administrative Agent) hereby unconditionally and irrevocably guarantees jointly
and severally to the Administrative Agent, the Lenders, and the L/C Issuer and their Affiliates, the due and punctual payment of all present and future Obligations of the U.S. Borrower, including, but not limited to, the due and punctual
payment by the U.S. Borrower of principal of and interest on the Loans, the Reimbursement Obligations, and the due and punctual payment of all other Obligations now or hereafter owed by the U.S. Borrower under the Loan Documents, in each case as and
when the same shall become due and payable, whether at stated maturity, by acceleration, or otherwise, according to the terms hereof and thereof (including all interest, costs, fees, and charges after the entry of an order for relief against any
Borrower or such other obligor in a case under the United States Bankruptcy Code or any similar proceeding, whether or not such interest, costs, fees and charges would be an allowed claim against the U.S. Borrower or any such obligor in any such
proceeding), and (b) the U.S. Borrower and each Guarantor which is a Subsidiary of the Canadian Borrower (including any such Subsidiary executing an Additional Guarantor Supplement in the form attached hereto as Exhibit G or such other
form acceptable to the Administrative Agent) hereby unconditionally and irrevocably guarantees jointly and severally to the Administrative Agent, the Lenders, and the L/C Issuer and their Affiliates, the due and punctual payment of all present
and future Obligations of the Canadian Borrower, including, but not limited to, the due and punctual payment by the Canadian Borrower of principal of and interest on the Loans, the Reimbursement Obligations, and the due and punctual payment of all
other Obligations now or hereafter owed by the Canadian Borrower under the Loan Documents, in each case as and when the same shall become due and payable, whether at stated maturity, by acceleration, or otherwise, according to the terms hereof and
thereof (including all interest, costs, fees, and charges after the entry of an order for relief against any Borrower or such other obligor in a case under the Bankruptcy and Insolvency Act (Canada), as amended, or the Companies
Creditors Arrangement Act (Canada), 

  
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as amended, or the Winding-Up and Restructuring Act (Canada), as amended, or any similar proceeding, whether or not such interest, costs, fees and charges would be an allowed claim
against the Canadian Borrower or any such obligor in any such proceeding). In case of failure by any Borrower or other obligor punctually to pay any Obligations guaranteed hereby, each Guarantor of such Borrower’s Obligations under this
Section 12.1 hereby unconditionally agrees to make such payment or to cause such payment to be made punctually as and when the same shall become due and payable, whether at stated maturity, by acceleration, or otherwise, and as if such payment
were made by the relevant Borrower or such obligor. 
 Section 12.2. Guarantee Unconditional. The obligations of
each Guarantor under this Section 12 shall be unconditional and absolute and, without limiting the generality of the foregoing, shall not be released, discharged, or otherwise affected by: 

(a) any extension, renewal, settlement, compromise, waiver, or release in respect of any obligation of any Borrower or other
obligor or of any other guarantor under this Agreement or any other Loan Document or by operation of law or otherwise; 
 (b)
any modification or amendment of or supplement to this Agreement or any other Loan Document; 
 (c) any change in the
corporate existence, structure, or ownership of, or any insolvency, bankruptcy, reorganization, or other similar proceeding affecting, the Borrower or other obligor, any other guarantor, or any of their respective assets, or any resulting release or
discharge of any obligation of any Borrower or other obligor or of any other guarantor contained in any Loan Document; 
 (d)
the existence of any claim, set-off, or other rights which any Borrower or other obligor or any other guarantor may have at any time against the Administrative Agent, any Lender, the L/C Issuer or any
other Person, whether or not arising in connection herewith; 
 (e) any failure to assert, or any assertion of, any claim or
demand or any exercise of, or failure to exercise, any rights or remedies against any Borrower or other obligor, any other guarantor, or any other Person or Property; 

(f) any application of any sums by whomsoever paid or howsoever realized to any obligation of any Borrower or other obligor,
regardless of what obligations of the Borrower or other obligor remain unpaid; 
 (g) any invalidity or unenforceability
relating to or against any Borrower or other obligor or any other guarantor for any reason of this Agreement or of any other Loan Document or any provision of applicable law or regulation purporting to prohibit the payment by any Borrower or other
obligor or any other guarantor of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable under the Loan Documents; or 

  
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 (h) any other act or omission to act or delay of any kind by the Administrative
Agent, any Lender, the L/C Issuer, or any other Person or any other circumstance whatsoever that might, but for the provisions of this paragraph, constitute a legal or equitable discharge of the obligations of any Guarantor under this
Section 12. 
 Each Guaranty hereunder shall be a guaranty of payment and not of collection. 

Section 12.3. Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances. Each Guarantor’s obligations under
this Section 12 shall remain in full force and effect until the Revolving Credit Commitments are terminated, all Letters of Credit have expired, and the principal of and interest on the Loans and all other amounts payable by the Borrowers and
the Guarantors under this Agreement and all other Loan Documents. If at any time any payment of the principal of or interest on any Loan or any Reimbursement Obligation or any other amount payable by any Borrower or other obligor or any Guarantor
under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy, or reorganization of any Borrower or other obligor or of any guarantor, or otherwise, each Guarantor’s obligations under this
Section 12 with respect to such payment shall be reinstated at such time as though such payment had become due but had not been made at such time. 

Section 12.4. Subrogation. Each Guarantor agrees it will not exercise any rights which it may acquire by way of subrogation by any
payment made hereunder, or otherwise, until all the Obligations shall have been paid in full subsequent to the termination of all the Revolving Credit Commitments and expiration of all Letters of Credit. If any amount shall be paid to a Guarantor on
account of such subrogation rights at any time prior to the later of (x) the payment in full of the Obligations and all other amounts payable by the Borrowers hereunder and the other Loan Documents and (y) the termination of the Revolving
Credit Commitments and expiration of all Letters of Credit, such amount shall be held in trust for the benefit of the Administrative Agent, the Lenders, and the L/C Issuer (and their Affiliates) and shall forthwith be paid to the Administrative
Agent for the benefit of the Lenders and L/C Issuer (and their Affiliates) or be credited and applied upon the Obligations, whether matured or unmatured, in accordance with the terms of this Agreement. 

Section 12.5. Waivers. Each Guarantor irrevocably waives acceptance hereof, presentment, demand, protest, and any notice not
provided for herein, as well as any requirement that at any time any action be taken by the Administrative Agent, any Lender, the L/C Issuer, or any other Person against any Borrower or other obligor, another guarantor, or any other Person.

 Section 12.6. Limit on Recovery. Notwithstanding any other provision hereof, the right of recovery against each Guarantor
under this Section 12 shall not exceed $1.00 less than the lowest amount which would render such Guarantor’s obligations under this Section 12 void or voidable under applicable law, including, without limitation, fraudulent conveyance
law. 
 Section 12.7. Stay of Acceleration. If acceleration of the time for payment of any amount payable by any Borrower or
other obligor under this Agreement or any other Loan Document is stayed upon the insolvency, bankruptcy or reorganization of any Borrower or such obligor, all such amounts otherwise subject to acceleration under the terms of this Agreement or the
other Loan Documents shall nonetheless be payable by the Guarantors hereunder forthwith on demand by the Administrative Agent made at the request of the Required Lenders. 

  
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 Section 12.8. Benefit to Guarantors. The Borrowers and the Guarantors are engaged in
related businesses and integrated to such an extent that the financial strength and flexibility of the Borrower has a direct impact on the success of each Guarantor. Each Guarantor will derive substantial direct and indirect benefit from the
extensions of credit hereunder. 
 Section 12.9. Guarantor Covenants. Each Guarantor shall take such action as each Borrower is
required by this Agreement to cause such Guarantor to take, and shall refrain from taking such action as each Borrower is required by this Agreement to prohibit such Guarantor from taking. 

SECTION 13. MISCELLANEOUS. 

Section 13.1. Withholding Taxes. (a) Payments Free of Withholding. Except as otherwise required by law and subject to
Section 13.1(b) hereof, each payment by each Borrower and the Guarantors under this Agreement or the other Loan Documents shall be made without withholding for or on account of any present or future taxes (other than overall net income taxes on
the recipient) imposed by or within the jurisdiction in which such Borrower or such Guarantor is domiciled, any jurisdiction from which such Borrower or such Guarantor makes any payment, or (in each case) any political subdivision or taxing
authority thereof or therein. If any such withholding is so required, such Borrower or such Guarantor shall make the withholding, pay the amount withheld to the appropriate governmental authority before penalties attach thereto or interest accrues
thereon, and forthwith pay such additional amount as may be necessary to ensure that the net amount actually received by each Lender, the L/C Issuer, and the Administrative Agent free and clear of such taxes (including such taxes on such
additional amount) is equal to the amount which that Lender, L/C Issuer, or the Administrative Agent (as the case may be) would have received had such withholding not been made. If the Administrative Agent, the L/C Issuer, or any Lender
pays any amount in respect of any such taxes, penalties or interest, such Borrower or such Guarantor shall reimburse the Administrative Agent, the L/C Issuer or such Lender for that payment on demand in the currency in which such payment was
made. If such Borrower or such Guarantor pays any such taxes, penalties or interest, it shall deliver official tax receipts evidencing that payment or certified copies thereof to the Lender, the L/C Issuer or Administrative Agent on whose
account such withholding was made (with a copy to the Administrative Agent if not the recipient of the original) on or before the thirtieth day after payment. 

(b) U.S. Withholding Tax Exemptions. Each Lender or L/C Issuer that is not a United States person (as such term is defined in
Section 7701(a)(30) of the Code) shall submit to the U.S. Borrower and the Administrative Agent on or before the date the initial Credit Event is made hereunder or, if later, the date such financial institution becomes a Lender or
L/C Issuer hereunder, two duly completed and signed copies of (i) either Form W-8 BEN (relating to such Lender or L/C Issuer and entitling it to a complete exemption from withholding under
the Code on all amounts to be received by such Lender or L/C Issuer, including fees, pursuant to the Loan 

  
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Documents and the Obligations) or Form W-8 ECI (relating to all amounts to be received by such Lender or L/C Issuer, including fees, pursuant to
the Loan Documents and the Obligations) of the United States Internal Revenue Service or (ii) solely if such Lender is claiming exemption from United States withholding tax under Section 871(h) or 881(c) of the Code with respect to
payments of “portfolio interest”, a Form W-8 BEN, or any successor form prescribed by the Internal Revenue Service, and a certificate representing that such Lender is not a bank for purposes of
Section 881(c) of the Code, is not a 10-percent shareholder (within the meaning of Section 871(h)(3)(B) of the Code) of the U.S. Borrower and is not a controlled foreign corporation related to the
U.S. Borrower (within the meaning of Section 864(d)(4) of the Code). Thereafter and from time to time, each Lender and L/C Issuer shall submit to the U.S. Borrower and the Administrative Agent such additional duly completed and signed
copies of one or the other of such Forms (or such successor forms as shall be adopted from time to time by the relevant United States taxing authorities) and such other certificates as may be (i) requested by the U.S. Borrower in a written
notice, directly or through the Administrative Agent, to such Lender or L/C Issuer and (ii) required under then-current United States law or regulations to avoid or reduce United States withholding
taxes on payments in respect of all amounts to be received by such Lender or L/C Issuer, including fees, pursuant to the Loan Documents or the Obligations. Upon the request of the U.S. Borrower or the Administrative Agent, each Lender and
L/C Issuer that is a United States person (as such term is defined in Section 7701(a)(30) of the Code) shall submit to the U.S. Borrower and the Administrative Agent a certificate to the effect that it is such a United States person. 

(c) Inability of Lender to Submit Forms. If any Lender or L/C Issuer determines, as a result of any change in applicable
law, regulation or treaty, or in any official application or interpretation thereof, that it is unable to submit to the U.S. Borrower or the Administrative Agent any form or certificate that such Lender or L/C Issuer is obligated to submit
pursuant to subsection (b) of this Section 13.1 or that such Lender or L/C Issuer is required to withdraw or cancel any such form or certificate previously submitted or any such form or certificate otherwise becomes ineffective or
inaccurate, such Lender or L/C Issuer shall promptly notify the U.S. Borrower and Administrative Agent of such fact and the Lender or L/C Issuer shall to that extent not be obligated to provide any such form or certificate and will be
entitled to withdraw or cancel any affected form or certificate, as applicable. 
 (d) Compliance with FATCA. Additionally,
each Lender that is organized under the laws of a jurisdiction other than the United States shall comply with any certification, documentation, information or other reporting necessary to establish an exemption from withholding under FATCA and shall
provide any other documentation reasonably requested by the U.S. Borrower or the Administrative Agent sufficient for the Administrative Agent and the U.S. Borrower to comply with their obligations under FATCA and to determine that such Lender has
complied with such applicable reporting requirements. 
 Section 13.2. No Waiver, Cumulative Remedies. No delay or failure on
the part of the Administrative Agent, the L/C Issuer, or any Lender, or on the part of the holder or holders of any of the Obligations, in the exercise of any power or right under any Loan Document shall operate as a waiver thereof or as an
acquiescence in any default, nor shall any single or partial exercise of any power or right preclude any other or further exercise thereof or the exercise of  

  
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any other power or right. The rights and remedies hereunder of the Administrative Agent, the L/C Issuer, the Lenders, and of the holder or holders of any of the Obligations are cumulative
to, and not exclusive of, any rights or remedies which any of them would otherwise have. 
 Section 13.3. Non-Business Days. If any payment hereunder becomes due and payable on a day which is not a Business Day, the due date of such payment shall be extended to the next succeeding Business Day on which date such
payment shall be due and payable. In the case of any payment of principal falling due on a day which is not a Business Day, interest on such principal amount shall continue to accrue during such extension at the rate per annum then in effect, which
accrued amount shall be due and payable on the next scheduled date for the payment of interest. 
 Section 13.4. Documentary
Taxes. Each Borrower agrees to pay on demand any documentary, stamp or similar taxes payable in respect of this Agreement or any other Loan Document, including interest and penalties, in the event any such taxes are assessed, irrespective of
when such assessment is made and whether or not any credit is then in use or available hereunder. 
 Section 13.5. Survival
of Representations. All representations and warranties made herein or in any other Loan Document or in certificates given pursuant hereto or thereto shall survive the execution and delivery of this Agreement and the other Loan Documents, and
shall continue in full force and effect with respect to the date as of which they were made as long as any credit is in use or available hereunder. 

Section 13.6. Survival of Indemnities. All indemnities and other provisions relative to reimbursement to the Lenders and
L/C Issuer of amounts sufficient to protect the yield of the Lenders and L/C Issuer with respect to the Loans and Letters of Credit, including, but not limited to, Sections 1.12, 10.3, and 13.15 hereof, shall survive the termination
of this Agreement and the other Loan Documents and the payment of the Obligations. 
 Section 13.7. Sharing of Set-Off. Each Lender agrees with each other Lender a party hereto that if such Lender shall receive and retain any payment, whether by set-off or application of deposit
balances or otherwise, on any of the Loans or Reimbursement Obligations in excess of its ratable share of payments on all such Obligations then outstanding to the Lenders, then such Lender shall purchase for cash at face value, but without recourse,
ratably from each of the other Lenders such amount of the Loans or Reimbursement Obligations, or participations therein, held by each such other Lenders (or interest therein) as shall be necessary to cause such Lender to share such excess payment
ratably with all the other Lenders; provided, however, that if any such purchase is made by any Lender, and if such excess payment or part thereof is thereafter recovered from such purchasing Lender, the related purchases from the other
Lenders shall be rescinded ratably and the purchase price restored as to the portion of such excess payment so recovered, but without interest. For purposes of this Section, amounts owed to or recovered by the L/C Issuer in connection with
Reimbursement Obligations in which Lenders have been required to fund their participation shall be treated as amounts owed to or recovered by the L/C Issuer as a Lender hereunder. 

  
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 Section 13.8. Notices. Except as otherwise specified herein, all notices hereunder
and under the other Loan Documents shall be in writing (including, without limitation, notice by telecopy) and shall be given to the relevant party at its address or telecopier number set forth below, or such other address or telecopier number as
such party may hereafter specify by notice to the Administrative Agent and the Borrower given by courier, by United States certified or registered mail, by telecopy or by other telecommunication device capable of creating a written record of such
notice and its receipt. Notices under the Loan Documents to any Lender shall be addressed to its address or telecopier number set forth on its Administrative Questionnaire; and notices under the Loans Documents to any Borrower, any Guarantor, the
Administrative Agent or L/C Issuer shall be addressed to its respective address or telecopier number set forth below: 
  

			
	 to the U.S. Borrower or any Guarantor:
  

One Strawberry Lane
 Orrville, Ohio 44667

Attention: Treasurer
 Telephone: (330) 684-3000

Telecopy: (330) 684-3112
	  	 to the Administrative Agent and L/C Issuer :
  

Bank of Montreal
 115 South LaSalle Street

Chicago, Illinois 60603
 Attention: Ms. Betsy Erdelyi

Telephone: (312) 461-4049
 Telecopy: (312) 293-4280

		
	 to the Canadian Borrower:
  

One Strawberry Lane
 Orrville, Ohio 44667

Attention: Treasurer
 Telephone: (330) 684-3000

Telecopy: (330) 684-3112
	  	

 Each such notice, request or other communication shall be effective (i) if given by telecopier, when such telecopy
is transmitted to the telecopier number specified in this Section or in the relevant Administrative Questionnaire and a confirmation of such telecopy has been received by the sender, (ii) if given by mail, 5 days after such communication
is deposited in the mail, certified or registered with return receipt requested, addressed as aforesaid or (iii) if given by any other means when delivered at the addresses specified in this Section or in the relevant Administrative
Questionnaire; provided that any notice given pursuant to Section 1 hereof shall be effective only upon receipt. 

Section 13.9. Counterparts. This Agreement may be executed in any number of counterparts, and by the different parties hereto on
separate counterpart signature pages, and all such counterparts taken together shall be deemed to constitute one and the same instrument. 

Section 13.10. Successors and Assigns. This Agreement shall be binding upon the Borrowers and the Guarantors and their successors
and assigns, and shall inure to the benefit of the Administrative Agent, the L/C Issuer, and each of the Lenders, and the benefit of their respective successors and assigns, including any subsequent holder of any of the Obligations. The
Borrowers and the Guarantors may not assign any of their rights or obligations under any Loan Document without the written consent of all of the Lenders and, with respect to any Letter of Credit or the Application therefor, the L/C Issuer.

  
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 Section 13.11. Participants. Each Lender shall have the right at its own cost to
grant participations (to be evidenced by one or more agreements or certificates of participation) in the Loans made and Reimbursement Obligations and/or Revolving Credit Commitments held by such Lender at any time and from time to time to one or
more other Persons; provided that no such participation shall relieve any Lender of any of its obligations under this Agreement, and, provided, further that no such participant shall have any rights under this Agreement except as provided in this
Section, and the Administrative Agent shall have no obligation or responsibility to such participant. Any agreement pursuant to which such participation is granted shall provide that the granting Lender shall retain the sole right and responsibility
to enforce the obligations of each Borrower under this Agreement and the other Loan Documents including, without limitation, the right to approve any amendment, modification or waiver of any provision of the Loan Documents, except that such
agreement may provide that such Lender will not agree to any modification, amendment or waiver of the Loan Documents that would reduce the amount of or postpone any fixed date for payment of any Obligation in which such participant has an interest.
Any party to which such a participation has been granted shall have the benefits of Section 1.12 and Section 10.3 hereof.  

Section 13.12. Assignments. (a) Any Lender may at any time assign to one or more Eligible Assignees all or a portion of such
Lender’s rights and obligations under this Agreement (including all or a portion of its Revolving Credit Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions:
 
 (i) Minimum Amounts. (A) In the case of an assignment of the entire remaining amount of the assigning
Lender’s Revolving Credit Commitment and the Loans and participation interest in L/C Obligations at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be
assigned; and (B) in any case not described in subsection (a)(i)(A) of this Section, the aggregate amount of the Revolving Credit Commitment (which for this purpose includes Loans and participation interest in L/C Obligations outstanding
thereunder) or, if the applicable Revolving Credit Commitment is not then in effect, the principal outstanding balance of the Loans and participation interest in L/C Obligations of the assigning Lender subject to each such assignment (determined as
of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent or, if “Effective Date” is specified in the Assignment and Acceptance, as of the Effective Date) shall not be less than
$5,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under this Agreement with respect to the Loan or the Revolving Credit Commitment assigned. 

  
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 (iii) Required Consents. No consent shall be required for any assignment except to
the extent required by Section 13.12(a)(i)(B) and, in addition: 
 (a) the consent of the Borrowers (such consent
not to be unreasonably withheld or delayed) shall be required unless (x) an Event of Default has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund;

 (b) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required
for assignments in respect of the Revolving Credit if such assignment is to a Person that is not a Lender with a Revolving Credit Commitment, an Affiliate of such Lender or an Approved Fund with respect to such Lender; or 

(c) the consent of the L/C Issuer (such consent not to be unreasonably withheld or delayed) shall be required for any
assignment that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding); and 

(d) the consent of the Swing Line Lender (such consent not to be unreasonably withheld or delayed) shall be required for any
assignment that increases the obligation of the assignee to participate in exposure under one or more Swing Loans (whether or not then outstanding). 

(iv) Assignment and Acceptance. The parties to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Acceptance, together with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

(v) No Assignment to Borrower or Affiliates. No such assignment shall be made to any Borrower or any of their Affiliates or
Subsidiaries. 
 (vi) No Assignment to Natural Persons. No such assignment shall be made to a natural person.

 (vii) No Prohibited Transaction. No such assignment shall be made if such assignment would result in a prohibited
transaction under Section 406 of ERISA or Section 4975 of the Code.  
 Subject to acceptance and recording thereof by the Administrative
Agent pursuant to Section 13.12(b) hereof, from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment
and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this
Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of
Sections 13.6 and 13.15 with respect to facts and circumstances occurring prior to the effective date of such assignment. Any 

  
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assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section shall be treated for purposes of this Agreement as a sale by such Lender of
a participation in such rights and obligations in accordance with Section 13.11 hereof. 
 (b) Register. The
Administrative Agent, acting solely for this purpose as an agent of each Borrower, shall maintain at one of its offices in Chicago, Illinois, a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names
and addresses of the Lenders, and the Revolving Credit Commitments of, and principal amounts of the Loans owing by each Borrower to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive, and each Borrower, the Administrative Agent, and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. The Register shall be available for inspection by each Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(c) Any Lender may at any time pledge or grant a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including any such pledge or grant to a Federal Reserve Bank, and this Section shall not apply to any such pledge or grant of a security interest; provided that no such pledge or grant of a security interest shall
release a Lender from any of its obligations hereunder or substitute any such pledgee or secured party for such Lender as a party hereto; provided further, however, the right of any such pledgee or grantee (other than any Federal Reserve
Bank) to further transfer all or any portion of the rights pledged or granted to it, whether by means of foreclosure or otherwise, shall be at all times subject to the terms of this Agreement.  

(d) Notwithstanding anything to the contrary herein, if at any time the Swing Line Lender assigns all of its Revolving Credit
Commitments and Revolving Loans pursuant to subsection (a) above, the Swing Line Lender may terminate the Swing Line. In the event of such termination of the Swing Line, the Borrowers shall be entitled to appoint another Lender to act as the
successor Swing Line Lender hereunder (with such Lender’s consent); provided, however, that the failure of the Borrowers to appoint a successor shall not affect the resignation of the Swing Line Lender. If the Swing Line Lender
terminates the Swing Line, it shall retain all of the rights of the Swing Line Lender provided hereunder with respect to Swing Loans made by it and outstanding as of the effective date of such termination, including the right to require Lenders to
make Revolving Loans or fund participations in outstanding Swing Loans pursuant to Section 1.7 hereof. 
 Section 13.13.
Amendments. Any provision of this Agreement or the other Loan Documents may be amended or waived if, but only if, such amendment or waiver is in writing and is signed by (a) the Borrowers, (b) the Required Lenders, and (c) if the
rights or duties of the Administrative Agent, the L/C Issuer, or the Swing Line Lender are affected thereby, the Administrative Agent, the L/C Issuer, or the Swing Line Lender, as applicable; provided that:  

(i) no amendment or waiver pursuant to this Section 13.13 shall (A) increase any Revolving Credit Commitment, or
extend the Revolving Credit Termination Date, of any Lender without the consent of such Lender or (B) reduce the amount of or postpone the date for any scheduled payment of any principal of or interest on any Loan or of any Reimbursement
Obligation or of any fee payable hereunder without the consent of the Lender to which such payment is owing or which has committed to make such Loan or Letter of Credit (or participate therein) hereunder; 

  
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 (ii) no amendment or waiver pursuant to this Section 13.13 shall, unless
signed by each Lender, change the definition of Required Lenders, change the provisions of this Section 13.13, change any provision hereof in a manner that would alter the pro rata sharing of payments or reduction of the Revolving Credit
Commitments, release any material guarantor (except as otherwise provided for in the Loan Documents), release the U.S. Borrower as a Guarantor of the Canadian Borrower’s Obligations, or affect the number of Lenders required to take any action
hereunder or under any other Loan Document; and 
 (iii) no amendment to Section 12 hereof shall be made without the
consent of the Guarantor(s) affected thereby. 
 Section 13.14. Headings. Section headings used in this Agreement are for
reference only and shall not affect the construction of this Agreement. 
 Section 13.15. Costs and Expenses; Indemnification
. Each Borrower agrees to pay all reasonable and documented costs and expenses of the Administrative Agent in connection with the preparation, negotiation, syndication, and administration of the Loan Documents, including, without limitation, the
reasonable fees and disbursements of one United States and one Canadian counsel to the Administrative Agent, in connection with the preparation and execution of the Loan Documents, and any amendment, waiver or consent related thereto, whether or not
the transactions contemplated herein are consummated. Each Borrower agrees to pay to the Administrative Agent, the L/C Issuer and each Lender, all costs and expenses reasonably incurred or paid by the Administrative Agent, the L/C Issuer,
such Lender, or any such holder, including reasonable attorneys’ fees and disbursements and court costs, in connection with the enforcement of any of the Loan Documents (including all such costs and expenses incurred in connection with any
proceeding under the United States Bankruptcy Code involving any Borrower or any Guarantor as a debtor thereunder) or in connection with any work-out or restructuring in respect of the Obligations hereunder. Each Borrower further agrees to indemnify
the Administrative Agent, the L/C Issuer, each Lender, and any security trustee therefor, and their respective directors, officers, employees, agents, financial advisors, and consultants (each such Person being called an
“Indemnitee”) against all losses, claims, damages, penalties, judgments, liabilities and expenses (including, without limitation, all reasonable fees and disbursements of counsel for any such Indemnitee and all reasonable expenses
of litigation or preparation therefor, whether or not the Indemnitee is a party thereto, or any settlement arrangement arising from or relating to any such litigation) which any of them may pay or incur arising out of or relating to any Loan
Document or any of the transactions contemplated thereby or the direct or indirect application or proposed application of the proceeds of any Loan or Letter of Credit or any actual or alleged presence or release of Hazardous Materials on or from any
Property owned or operated by any Borrower or any Subsidiary or any liability under any  

  
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Environmental Law, other than those which are determined by a court of competent jurisdiction in a final non-appealable judgment to have arisen from the gross negligence or willful misconduct of
the party claiming indemnification. Each Borrower, upon demand by the Administrative Agent, the L/C Issuer or a Lender at any time, shall reimburse the Administrative Agent, the L/C Issuer or such Lender for any legal or other expenses
(including, without limitation, all reasonable fees and disbursements of counsel for any such Indemnitee) incurred in connection with investigating or defending against any of the foregoing (including any settlement costs relating to the foregoing)
except if the same is determined by a court of competent jurisdiction in a final non-appealable judgment to be directly due to the gross negligence or willful misconduct of the party to be indemnified. To the extent permitted by applicable law,
neither any Borrower nor any Guarantor shall assert, and each such Person hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages)
arising out of, in connection with, or as a result of, this Agreement or the other Loan Documents or any agreement or instrument contemplated hereby or thereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use
of the proceeds thereof. The obligations of each Borrower under this Section shall survive the termination of this Agreement. 

Section 13.16. Set-off. In addition to any rights now or hereafter granted under the Loan
Documents or applicable law and not by way of limitation of any such rights, upon the occurrence of any Event of Default, each Lender, the L/C Issuer, each subsequent holder of any Obligation, and each of their respective affiliates, is hereby
authorized by each Borrower and each Guarantor at any time or from time to time, without notice to any Borrower, any Guarantor or to any other Person, any such notice being hereby expressly waived, to set-off
and to appropriate and to apply any and all deposits (general or special, including, but not limited to, indebtedness evidenced by certificates of deposit, whether matured or unmatured, and in whatever currency denominated, but not including trust
accounts) and any other indebtedness at any time held or owing by that Lender, L/C Issuer, subsequent holder, or affiliate, to or for the credit or the account of such Borrower or such Guarantor, whether or not matured, against and on account
of the Obligations of such Borrower or such Guarantor to that Lender, L/C Issuer, or subsequent holder under the Loan Documents, including, but not limited to, all claims of any nature or description arising out of or connected with the Loan
Documents, irrespective of whether or not (a) that Lender, L/C Issuer, or subsequent holder shall have made any demand hereunder or (b) the principal of or the interest on the Loans and other amounts due hereunder shall have become
due and payable pursuant to Section 9 and although said obligations and liabilities, or any of them, may be contingent or unmatured.  

Section 13.17. Entire Agreement. The Loan Documents constitute the entire understanding of the parties thereto with respect to the
subject matter thereof and any prior agreements, whether written or oral, with respect thereto are superseded hereby. 

Section 13.18. Governing Law. This Agreement and the other Loan Documents (except as otherwise specified therein), and the rights
and duties of the parties hereto, shall be construed and determined in accordance with the internal laws of the State of New York. 

  
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 Section 13.19. Severability of Provisions. Any provision of any Loan Document which
is unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision in any
other jurisdiction. All rights, remedies and powers provided in this Agreement and the other Loan Documents may be exercised only to the extent that the exercise thereof does not violate any applicable mandatory provisions of law, and all the
provisions of this Agreement and other Loan Documents are intended to be subject to all applicable mandatory provisions of law which may be controlling and to be limited to the extent necessary so that they will not render this Agreement or the
other Loan Documents invalid or unenforceable. 
 Section 13.20. Excess Interest. (a) Notwithstanding any provision
to the contrary contained herein or in any other Loan Document, no such provision shall require the payment or permit the collection of any amount of interest in excess of the maximum amount of interest permitted by applicable law to be charged for
the use or detention, or the forbearance in the collection, of all or any portion of the Loans or other obligations outstanding under this Agreement or any other Loan Document (“Excess Interest”). If any Excess Interest is provided
for, or is adjudicated to be provided for, herein or in any other Loan Document, then in such event (a) the provisions of this Section shall govern and control, (b) neither any Borrower nor any guarantor or endorser shall be obligated to
pay any Excess Interest, (c) any Excess Interest that the Administrative Agent or any Lender may have received hereunder shall, at the option of the Administrative Agent, be (i) applied as a credit against the then outstanding principal
amount of Obligations hereunder and accrued and unpaid interest thereon (not to exceed the maximum amount permitted by applicable law), (ii) refunded to the relevant Borrower, or (iii) any combination of the foregoing, (d) the
interest rate payable hereunder or under any other Loan Document shall be automatically subject to reduction to the maximum lawful contract rate allowed under applicable usury laws (the “Maximum Rate”), and this Agreement and the
other Loan Documents shall be deemed to have been, and shall be, reformed and modified to reflect such reduction in the relevant interest rate, and (e) neither any Borrower nor any guarantor or endorser shall have any action against the
Administrative Agent or any Lender for any damages whatsoever arising out of the payment or collection of any Excess Interest. Notwithstanding the foregoing, if for any period of time interest on any of any Borrower’s Obligations is calculated
at the Maximum Rate rather than the applicable rate under this Agreement, and thereafter such applicable rate becomes less than the Maximum Rate, the rate of interest payable on such Borrower’s Obligations shall remain at the Maximum Rate until
the Lenders have received the amount of interest which such Lenders would have received during such period on such Borrower’s Obligations had the rate of interest not been limited to the Maximum Rate during such period. 

(b) Canadian Interest. If any provision of this Agreement or any other Loan Document would obligate Canadian Borrower to make
any payment of interest or other amount payable to (including for the account of) any Lender in an amount, or calculated at a rate, that would be prohibited by law or would result in a receipt by such Lender of interest at a criminal rate (as such
terms are construed under the Criminal Code (Canada)) then, notwithstanding such provision, such amount or rate shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as
would not be so prohibited by  

  
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law or so result in a receipt by such Lender of interest at a criminal rate, such adjustment to be effected, to the extent necessary, as follows: (i) first, by reducing the amount or
rate of interest required to be paid to such Lender under Section 1.4; and (ii) thereafter, by reducing any fees, commissions, premiums and other amounts required to be paid to such Lender that would constitute interest for purposes of
Section 347 of the Criminal Code (Canada). Notwithstanding the foregoing, and after giving effect to all adjustments contemplated thereby, if a Lender shall have received an amount in excess of the maximum amount permitted by that
section of the Criminal Code (Canada), then Canadian Borrower shall be entitled, by notice in writing to such Canadian Lender, to obtain reimbursement from such Lender in an amount equal to such excess, and pending such reimbursement, such
amount shall be deemed to be an amount payable by such Lender to Canadian Borrower. Any amount or rate of interest referred to in this Agreement with respect to the Revolving Credit Commitments to make Loans to and issue Letters of Credit for the
account of the Canadian Borrower shall be determined in accordance with generally accepted actuarial practices and principles as an effective annual rate of interest over the term that the Revolving Credit Commitments to make Loans to and issue
Letters of Credit for the account of the Canadian Borrower remains outstanding on the assumption that any charges, fees or expenses that fall within the meaning of “interest” (as defined in the Criminal Code (Canada)) shall, if they
relate to a specific period of time, be pro-rated over that period of time and otherwise be pro-rated over the period during which such Revolving Credit Commitments are
available and, in the event of a dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by the Administrative Agent shall be conclusive for the purposes of such determination. 

Section 13.21. Construction. The parties acknowledge and agree that the Loan Documents shall not be construed more favorably in
favor of any party hereto based upon which party drafted the same, it being acknowledged that all parties hereto contributed substantially to the negotiation of the Loan Documents. The provisions of this Agreement relating to Subsidiaries shall only
apply during such times as any Borrower has one or more Subsidiaries.  
 Section 13.22. Lender’s and L/C Issuer’s
Obligations Several. The obligations of the Lenders and L/C Issuer hereunder are several and not joint. Nothing contained in this Agreement and no action taken by the Lenders or L/C Issuer pursuant hereto shall be deemed to constitute
the Lenders and L/C Issuer a partnership, association, joint venture or other entity. 
 Section 13.23. Currency.
Each reference in this Agreement to U.S. Dollars or to Canadian Dollars (the “relevant currency”) is of the essence. To the fullest extent permitted by law, the obligation of each Borrower and each Guarantor in respect of any amount
due in the relevant currency under this Agreement shall, notwithstanding any payment in any other currency (whether pursuant to a judgment or otherwise), be discharged only to the extent of the amount in the relevant currency that the Person
entitled to receive such payment may, in accordance with normal banking procedures, purchase with the sum paid in such other currency (after any premium and costs of exchange) on the Business Day immediately following the day on which such Person
receives such payment. If the amount of the relevant currency so purchased is less than the sum originally due to such Person in the relevant currency, the relevant Borrower or relevant Guarantor agrees, as a separate obligation and notwithstanding
any such judgment, to indemnify such Person against such loss, and if the amount of the specified currency so purchased exceeds the sum of (a) the amount originally due to the relevant Person in the 

  
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specified currency plus (b) any amounts shared with other Lenders as a result of allocations of such excess as a disproportionate payment to such Person under Section 13.7 hereof, such
Person agrees to remit such excess to the relevant Borrower. Unless otherwise specified herein, all references to a currency shall be deemed to refer to U.S. Dollars. 

Section 13.24. Submission to Jurisdiction; Waiver of Jury Trial. The Borrowers and the Guarantors hereby submit to the
nonexclusive jurisdiction of the United States District Court for the Southern District of New York and of any New York State court sitting in the Borough of Manhattan for purposes of all legal proceedings arising out of or relating to this
Agreement, the other Loan Documents or the transactions contemplated hereby or thereby. The Borrowers and the Guarantors irrevocably waive, to the fullest extent permitted by law, any objection which they may now or hereafter have to the laying of
the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. THE BORROWERS, THE
GUARANTORS, THE ADMINISTRATIVE AGENT, THE L/C ISSUER AND THE LENDERS HEREBY
IRREVOCABLY WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY
LEGAL PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT OR
THE TRANSACTIONS CONTEMPLATED THEREBY. 
 Section 13.25. USA Patriot
Act; Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada). (a) Each Lender and L/C Issuer that is subject to the requirements of the USA Patriot Act (Title III of Pub. L.
107-56 (signed into law October 26, 2001)) (the “Act”) hereby notifies each Borrower that pursuant to the requirements of the Act, it is required to obtain, verify, and record information
that identifies such Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or L/C Issuer to identify each Borrower in accordance with the Act. 

(b) The Canadian Borrower acknowledges that, pursuant to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) and
other applicable anti-money laundering, anti-terrorist financing, government sanction and “know your client” laws, whether within Canada or elsewhere (collectively, including any guidelines or orders thereunder, “AML
Legislation”), the Administrative Agent and the Lenders may be required to obtain, verify and record information regarding the Canadian Borrower and its directors, authorized signing officers, direct or indirect shareholders, partners or
other persons in control of the Canadian Borrower and the transactions contemplated hereby. The Canadian Borrower shall promptly provide all such information, including any supporting documentation and other evidence, as may be requested by the
Administrative Agent or any Lender, or any prospective assignee or participant of a Lender or the Administrative Agent, in order to comply with any applicable AML Legislation, whether now or hereafter in existence. 

If the Administrative Agent has ascertained the identity of the Canadian Borrower, or any authorized signatories of the Canadian Borrower, for
the purposes of applicable AML Legislation, then the Administrative Agent shall: 
 (i) be deemed to have done so as an agent
for each Lender, and this Agreement shall constitute a “written agreement” in such regard between each Lender and the Administrative Agent within the meaning of applicable AML Legislation; and 

  
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 (ii) provide each Lender with copies of all information obtained in such regard
without any representation or warranty as to its accuracy or completeness. 
 Notwithstanding the preceding sentence and except as may otherwise be agreed
in writing, each of the Lenders agrees that the Administrative Agent has no obligation to ascertain the identity of the Canadian Borrower, or any authorized signatories of the Canadian Borrower, on behalf of any Lender or to confirm the completeness
or accuracy of any information that the Administrative Agent obtains from the Canadian Borrower, or any such authorized signatory, in doing so. 

Section 13.26. Confidentiality. Each of the Administrative Agent, the Lenders, and the L/C Issuer severally agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors
to the extent any such Person has a need to know such Information (it being understood that the Persons to whom such disclosure is made will first be informed of the confidential nature of such Information and instructed to keep such Information
confidential), (b) to the extent requested by any regulatory authority (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent
required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any suit, action or
proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (A) any assignee
of or participant in, or any prospective assignee of or participant in, any of its rights or obligations under this Agreement or (B) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to any
Borrower or any Subsidiary and its obligations, (g) with the prior written consent of the Borrowers, (h) to the extent such Information (A) becomes publicly available other than as a result of a breach of this Section or
(B) becomes available to the Administrative Agent, any Lender or the L/C Issuer on a non-confidential basis from a source other than any Borrower or any Subsidiary or any of their directors,
officers, employees or agents, including accountants, legal counsel and other advisors, (i) to rating agencies if requested or required by such agencies in connection with a rating relating to the Loans or Revolving Credit Commitments
hereunder, or (j) to entities which compile and publish information about the syndicated loan market, provided that only basic information about the pricing and structure of the transaction evidenced hereby may be disclosed pursuant to
this subsection (j). For purposes of this Section, “Information” means all information received from any Borrower or any of the Subsidiaries or from any other Person on behalf of any Borrower or any Subsidiary relating to any
Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the L/C Issuer on a non-confidential basis prior to disclosure by any Borrower or any
of its Subsidiaries or from any other Person on behalf of any Borrower or any of the Subsidiaries. 
 Section 13.27.
Amendment and Restatement. This Agreement amends and restates the Original Credit Agreement and is not intended to be or operate as a novation or an accord and satisfaction of the Original Credit Agreement or the Obligations evidenced or
provided for thereunder.  

  
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 Section 13.28. No Fiduciary Duty. Each Borrower and each Guarantor agrees that in
connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, such Borrower and such Guarantor and its Affiliates, on the one hand, and the Administrative Agent, the Lenders and their respective
Affiliates, on the other hand, will have a business relationship that does not create, by implication or otherwise, any fiduciary duty on the part of the Administrative Agent, the Lenders or their respective Affiliates and no such duty will be
deemed to have arisen in connection with any such transactions or communications. 
 [SIGNATURE PAGES
TO FOLLOW] 

  
 -87- 

 This Third Amended and Restated Credit Agreement is entered into between us for the uses and
purposes hereinabove set forth as of the date first above written. 
  

			
	“BORROWERS”
	
	THE J. M. SMUCKER COMPANY
		
	By	 	/s/ Debra A. Marthey
		 	Name: Debra A. Marthey
		 	Title:   Treasurer
	
	SMUCKER FOODS OF CANADA CORP.
		
	By	 	/s/ Debra A. Marthey
		 	Name: Debra A. Marthey
		 	Title:   Treasurer
	
	“GUARANTORS”
	
	THE J. M. SMUCKER COMPANY
		
	By	 	/s/ Debra A. Marthey
		 	Name: Debra A. Marthey
		 	Title:  Treasurer
	
	J.M. SMUCKER LLC
		
	By	 	/s/ Debra A. Marthey
		 	Name: Debra A. Marthey
		 	Title:   Treasurer
	
	THE FOLGERS COFFEE COMPANY
		
	By	 	/s/ Debra A. Marthey
		 	Name: Debra A. Marthey
		 	Title:   Treasurer

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	“ADMINISTRATIVE AGENT AND L/C ISSUER”
	
	BANK OF MONTREAL, as L/C Issuer and as
    Administrative Agent
		
	By	 	/s/ Betzaida Erdelyi
		 	Name: Betzaida Erdelyi
		 	Title: Managing Director 

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	“LENDERS”
	
	BANK OF MONTREAL
		
	By	 	/s/ Betzaida Erdelyi
		 	Name: Betzaida Erdelyi
		 	Title: Managing Director

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	BANK OF AMERICA N.A.
		
	By	 	/s/ J. Casey Cosgrove
		 	Name: J. Casey Cosgrove
		 	Title: Director
	
	BANK OF AMERICA, N.A., Canada Branch
		
	By	 	/s/ Medina Sales De Andrade
		 	Name: Medina Sales De Andrade
		 	Title: Vice President

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	JPMORGAN CHASE BANK, N.A.
		
	By	 	/s/ Brendan Korb
		 	Name: Brendan Korb
		 	Title: Vice President

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	PNC BANK, NATIONAL ASSOCIATION
		
	By	 	/s/ Joseph G. Moran
		 	Name: Joseph G. Moran
		 	Title: Senior Vice President

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	FIFTH THIRD BANK
		
	By	 	/s/ Eric J. Welsch
		 	Name: Eric J. Welsch
		 	Title: Managing Director

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	FIFTH THIRD BANK, operating through its
Canadian Branch
		
	By	 	/s/ Mauro Spagnolo
		 	Name: Mauro Spagnolo
		 	Title: Managing Director & Principal Officer

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	U.S. BANK NATIONAL ASSOCIATION
		
	By	 	/s/ Patrick McGraw
		 	Name: Patrick McGraw
		 	Title: Senior Vice President
	
	U.S. BANK NATIONAL ASSOCIATION, Canada Branch
		
	By	 	/s/ Joseph Rauhala
		 	Name: Joseph Rauhala
		 	Title: Principal Officer

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	SUNTRUST BANK
		
	By	 	/s/ Garrett O’Malley
		 	Name: Garrett O’Malley
		 	Title: Director

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	WELLS FARGO BANK N.A.
		
	By	 	/s/ Daniel R. Van Aken
		 	Name: Daniel R. Van Aken
		 	Title: Director

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	THE HUNTINGTON NATIONAL BANK
		
	By	 	/s/ Brian H. Gallagher
		 	Name: Brian H. Gallagher
		 	Title: Senior Vice President

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	COBANK, ACB
		
	By	 	/s/ Hal Nelson
		 	Name: Hal Nelson
		 	Title: Vice President

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 
			
	AGFIRST FARM CREDIT BANK
		
	By	 	/s/ Neda K. Beal
		 	Name: Neda K. Beal
		 	Title: Vice President

  
 The J.M. Smucker Company

 Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 EXHIBIT A 

NOTICE OF PAYMENT REQUEST 

[Date] 
 [Name of Lender] 

[Address] 
 Attention: 

Reference is made to the Third Amended and Restated Credit Agreement, dated as of September 6, 2013, among The J. M. Smucker
Company and Smucker Foods of Canada Corp., as Borrowers, the Lenders party thereto, and Bank of Montreal, as Administrative Agent (as extended, renewed, amended or restated from time to time, the “Credit Agreement”). Capitalized
terms used herein and not defined herein have the meanings assigned to them in the Credit Agreement. [The Borrower has failed to pay its Reimbursement Obligation in the amount of
$                    . Your Revolver Percentage of the unpaid Reimbursement Obligation is
$                    ] or
[                                has been required to return a payment by the Borrower of
a Reimbursement Obligation in the amount of $                    . Your Revolver Percentage of the returned Reimbursement Obligation is
$                    .] 
  

					
	Very truly yours,
	
	                                    
                , as L/C Issuer
		
	By	 	 
		 	Name	 	 
		 	Title	 	 

 EXHIBIT B 

NOTICE OF BORROWING 

Date:                      ,
             
  

	To:	Bank of Montreal, as Administrative Agent for the Lenders parties to the Third Amended and Restated Credit Agreement dated as of September 6, 2013 (as extended, renewed, amended or restated from time to time, the
“Credit Agreement”), among The J. M. Smucker Company and Smucker Foods of Canada Corp., as Borrowers, certain Lenders which are signatories thereto, and Bank of Montreal, as Administrative Agent 

Ladies and Gentlemen: 
 The undersigned,
                    (the “Borrower”), refers to the Credit Agreement, the terms defined therein being used herein as therein
defined, and hereby gives you notice irrevocably, pursuant to Section 1.6 of the Credit Agreement, of the Borrowing specified below: 

1. The Business Day of the proposed Borrowing is
                    ,             . 

2. The aggregate amount of the proposed Borrowing is
$                    . 

3. The Borrowing is being advanced under the Revolving Credit. 

4. The Borrowing is to be comprised of
$                    of [U.S. Base Rate] [Eurodollar] [CAD Base Rate] [CAD CDOR]Loans. 

[5. The duration of the Interest Period for the [Eurodollar] [CAD CDOR] Loans included in the Borrowing shall
be                     months.] 

The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of the proposed
Borrowing, before and after giving effect thereto and to the application of the proceeds therefrom: 
 (a) the
representations and warranties of the Borrower contained in Section 6 of the Credit Agreement are true and correct in all material respects as though made on and as of such date (except to the extent such representations and warranties relate
to an earlier date, in which case they are true and correct as of such date); and 
 (b) no Default or Event of Default has
occurred and is continuing or would result from such proposed Borrowing. 
  

					
	 
		
	By	 	 
		 	Name	 	 
		 	Title	 	 

 EXHIBIT C 

NOTICE OF CONTINUATION/CONVERSION 

Date:                      ,
             
  

	To:	Bank of Montreal, as Administrative Agent for the Lenders parties to the Third Amended and Restated Credit Agreement dated as of September 6, 2013 (as extended, renewed, amended or restated from time to time, the
“Credit Agreement”) among The J. M. Smucker Company and Smucker Foods of Canada Corp., as Borrowers, certain Lenders which are signatories thereto, and Bank of Montreal, as Administrative Agent 

Ladies and Gentlemen: 
 The undersigned,
                    (the “Borrower”), refers to the Credit Agreement, the terms defined therein being used herein as
therein defined, and hereby gives you notice irrevocably, pursuant to Section 1.6 of the Credit Agreement, of the [conversion] [continuation] of the Loans specified herein, that: 

1. The conversion/continuation Date is
                    ,             . 

2. The aggregate amount of the Revolving Loans to be [converted] [continued] is
$                    . 

3. The Loans are to be [converted into] [continued as] [Eurodollar] [U.S. Base Rate] [CAD Base Rate] [CAD CDOR] Loans. 

4. [If applicable:] The duration of the Interest Period for the Revolving Loans included in the [conversion]
[continuation] shall be             months. 
 The undersigned hereby
certifies that the following statements are true on the date hereof, and will be true on the proposed conversion/continuation date, before and after giving effect thereto and to the application of the proceeds therefrom: 

(a) the representations and warranties of the Borrower contained in Section 6 of the Credit Agreement are true and correct
in all material respects as though made on and as of such date (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date); provided, however, that this
condition shall not apply to the conversion of an outstanding Eurodollar Loan to a U.S. Base Rate Loan; and 

 (b) no Default or Event of Default has occurred and is continuing, or would
result from such proposed [conversion] [continuation]. 
  

					
	 
		
	By	 	 
		 	Name	 	 
		 	Title	 	 

 The J.M. Smucker Company 

Smucker Foods of Canada Corp. 

Signature Page to Third Amended and Restated Credit Agreement 

 EXHIBIT D-1 

REVOLVING NOTE 

                    , 2013 

FOR VALUE RECEIVED, the undersigned,
                        , a
                corporation/limited liability company/partnership (the “Maker”), hereby promises to pay to
                    (the “Lender”) or its registered assigns on the Revolving Credit Termination Date of the
hereinafter defined Credit Agreement, at the principal office of the Administrative Agent in Chicago Illinois (or such other location as the Administrative Agent may designate to the Borrower), in immediately available funds in the currency in which
each Revolving Loan is advanced, the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the Maker pursuant to the Credit Agreement, together with interest on the principal amount of each Revolving Loan from time to time
outstanding hereunder at the rates, and payable in the manner and on the dates, specified in the Credit Agreement. 
 This
Note is one of the Revolving Notes referred to in the Third Amended and Restated Credit Agreement dated as of September 6, 2013, among The J. M. Smucker Company and Smucker Foods of Canada Corp., as Borrowers, the Guarantors party thereto, the
Lenders and L/C Issuer parties thereto, and Bank of Montreal, as Administrative Agent (as extended, renewed, amended or restated from time to time, the “Credit Agreement”), and this Note and the holder hereof are entitled to
all the benefits provided for thereby or referred to therein, to which Credit Agreement reference is hereby made for a statement thereof. All defined terms used in this Note, except terms otherwise defined herein, shall have the same meaning as in
the Credit Agreement. This Note shall be governed by and construed in accordance with the internal laws of the State of New York. 

This Note shall be in substitution for and replacement of that certain Revolving Note, dated July 29, 2011, executed by the Maker in
favor of the Lender.* 
 Voluntary prepayments may be made hereon, certain prepayments are required to be made hereon, and this Note may be
declared due prior to the expressed maturity hereof, all in the events, on the terms and in the manner as provided for in the Credit Agreement. 

 

	*	To be included only in the Revolving Notes issued to Lenders that are parties to the Original Credit Agreement. 

 The Maker hereby waives demand, presentment, protest or notice of any kind hereunder. 

 

					
	 
		
	By	 	 
		 	Name	 	 
		 	Title	 	 

  
 -2- 

 EXHIBIT D-2 

SWING NOTE 

                    , 2013 

FOR VALUE RECEIVED, the undersigned,
                                , a
                    (the “Maker”), hereby promises to pay to
                    (the “Lender”) or its registered assigns on the Revolving Credit Termination Date of the hereinafter defined
Credit Agreement, at the principal office of the Administrative Agent in Chicago, Illinois (or such other location as the Administrative Agent may designate to the Borrower), in immediately available funds in the currency in which each Swing Loan is
advanced, the aggregate unpaid principal amount of all Swing Loans made by the Lender to the Maker pursuant to the Credit Agreement, together with interest on the principal amount of each Swing Loan from time to time outstanding hereunder at the
rates, and payable in the manner and on the dates, specified in the Credit Agreement. 
 This Note is the Swing Note referred to in the
Third Amended and Restated Credit Agreement dated as of                     , 2013, among The J. M. Smucker Company and Smucker Foods of Canada
Corp., as Borrowers, the Guarantors party thereto, the Lenders and L/C Issuer parties thereto, and Bank of Montreal, as Administrative Agent (as extended, renewed, amended or restated from time to time, the “Credit Agreement”),
and this Note and the holder hereof are entitled to all the benefits provided for thereby or referred to therein, to which Credit Agreement reference is hereby made for a statement thereof. All defined terms used in this Note, except terms otherwise
defined herein, shall have the same meaning as in the Credit Agreement. This Note shall be governed by and construed in accordance with the internal laws of the State of New York. 

This Note shall be in substitution for and replacement of that certain Swing Note, dated July 29, 2011, executed by the Maker in favor of
the Lender.* 
 Voluntary prepayments may be made hereon, certain prepayments are required to be made hereon, and this Note may be declared
due prior to the expressed maturity hereof, all in the events, on the terms and in the manner as provided for in the Credit Agreement. 

The Maker hereby waives demand, presentment, protest or notice of any kind hereunder. 

 

					
	 
		
	By	 	 
		 	Name	 	 
		 	Title	 	 

  

	*	To be included only in the Swing Note issued to a Lender that is a party to the Original Credit Agreement. 

 EXHIBIT E 

THE J. M. SMUCKER COMPANY 

SMUCKER FOODS OF CANADA CORP. 

COMPLIANCE CERTIFICATE 
  

	To:	Bank of Montreal, as Administrative 

 Agent under, and the Lenders and 

L/C Issuer parties to, the Credit 

Agreement described below 

This Compliance Certificate is furnished to the Administrative Agent, the L/C Issuer, and the Lenders pursuant to that certain
Third Amended and Restated Credit Agreement dated as of September 6, 2013, among The J. M. Smucker Company and Smucker Foods of Canada Corp., as Borrowers, and you (as extended, renewed, amended or restated from time to time, the
“Credit Agreement”). Unless otherwise defined herein, the terms used in this Compliance Certificate have the meanings ascribed thereto in the Credit Agreement. 

THE UNDERSIGNED HEREBY CERTIFIES THAT: 

1. I am the duly elected             of
                    ; 
 2. I have
reviewed the terms of the Credit Agreement and I have made, or have caused to be made under my supervision, a detailed review of the transactions and conditions of the Borrowers and its Subsidiaries during the accounting period covered by the
attached financial statements; 
 3. The examinations described in paragraph 2 did not disclose, and I have no knowledge of, the
existence of any condition or the occurrence of any event which constitutes a Default or Event of Default during or at the end of the accounting period covered by the attached financial statements or as of the date of this Compliance Certificate,
except as set forth below; 
 4. The financial statements required by Section 8.5 of the Credit Agreement and being furnished to you
concurrently with this Compliance Certificate are true, correct and complete as of the date and for the periods covered thereby; and 
 5.
The Schedule I hereto sets forth financial data and computations evidencing the Borrowers’ compliance with certain covenants of the Credit Agreement, all of which data and computations are, to the best of my knowledge, true, complete and
correct and have been made in accordance with the relevant Sections of the Credit Agreement. 

 Described below are the exceptions, if any, to paragraph 3 by listing, in detail, the nature
of the condition or event, the period during which it has existed and the action which the Borrower has taken, is taking, or proposes to take with respect to each such condition or event: 

 

	
	 
	  

	 
	  

	 
	  

	 
	  

 The foregoing certifications, together with the
computations set forth in Schedule I hereto and the financial statements delivered with this Certificate in support hereof, are made and delivered this             day of
                    20    . 
  

					
	[INSERT NAME OF BORROWER]
		
	By	 	 
		 	Name	 	 
		 	Title	 	 

  
 -2- 

 SCHEDULE I 

TO COMPLIANCE CERTIFICATE 

THE J. M. SMUCKER COMPANY 

SMUCKER FOODS OF CANADA CORP. 

COMPLIANCE CALCULATIONS 

FOR THIRD AMENDED AND RESTATED CREDIT
AGREEMENT DATED AS OF SEPTEMBER 6, 2013 

CALCULATIONS AS OF
                    ,              

 

					
	 A. Total Leverage Ratio (Section 8.20(a))
	  			
	 1. Total Funded Debt
	  	$	___________	  
	 2. Net Income for past 4 quarters
	  	 	___________	  
	 3. Interest Expense for past 4 quarters
	  	 	___________	  
	 4. Income taxes for past 4 quarters
	  	 	___________	  
	 5. Depreciation and Amortization Expense for past 4 quarters
	  	 	___________	  
	 6. Non-cash share based compensation expense for past 4 quarters
	  	 	___________	  
	 7. Non-recurring charges and expenses relating to Permitted Acquisition and extraordinary losses and charges (up to $100,000,000 in any
period of twelve (12) consecutive months) for past 4 quarters
	  	 	___________	  
	 8. EBITDA of Acquired Business for past 4 quarters
	  	 	___________	  
	 9. Non-cash gains for past 4 quarters
	  	 	___________	  
	 10. EBITDA of divested business for past 4 quarters
	  	 	___________	  
	 11. Sum of Lines A2, A3, A4, A5, A6, A7 and A8 minus Lines A9 and A10 (“EBITDA”)
	  	 	___________	  
	 12. Ratio of Line A1 to A11
	  	 	____:1.0	  
	 13. Line A12 ratio must not exceed
	  	 	3.5:1.0	  
	 14. The Borrowers are in compliance (circle yes or no)
	  	 	yes/no	  
	 B. Interest Coverage Ratio (Section 8.20(b))
	  			
	 1. EBITDA for past 4 quarters
	  	$	___________	  
	 2. Interest Expense for past 4 quarters
	  	$	___________	  
	 3. Ratio of Line B1 to Line B2
	  	 	____:1.0	  
	 4. Line B3 ratio must not be less than
	  	 	3.5:1.0	  
	 5. The Borrowers are in compliance (circle yes or no)
	  	 	yes/no	  

 EXHIBIT F 

ADDITIONAL GUARANTOR SUPPLEMENT 

                    ,
             
  

			
	Bank of Montreal, as Administrative Agent for the Lenders and L/C Issuer parties to the Third Amended and Restated Credit Agreement dated as of September 6, 2013, among The J. M. Smucker Company and Smucker Foods of
Canada Corp., as Borrowers, the Guarantors referred to therein, the Lenders and L/C Issuer parties thereto from time to time, and the Administrative Agent (as extended, renewed, amended or restated from time to time, the “Credit
Agreement”)	  	

 Ladies and Gentlemen: 

Reference is made to the Credit Agreement described above. Terms not defined herein which are defined in the Credit Agreement shall have for
the purposes hereof the meaning provided therein. 
 The undersigned, [name of Subsidiary Guarantor], a [jurisdiction of
incorporation or organization] hereby elects to be a “Guarantor” for all purposes of the Credit Agreement, effective from the date hereof. The undersigned confirms that the representations and warranties set forth
in Section 6 of the Credit Agreement are true and correct as to the undersigned as of the date hereof and the undersigned shall comply with each of the covenants set forth in Section 8 of the Credit Agreement applicable to it. 

Without limiting the generality of the foregoing, the undersigned hereby agrees to perform all the obligations of a Guarantor under, and to be
bound in all respects by the terms of, the Credit Agreement, including without limitation Section 12 thereof, to the same extent and with the same force and effect as if the undersigned were a signatory party thereto. 

The undersigned acknowledges that this Agreement shall be effective upon its execution and delivery by the undersigned to the Administrative
Agent, and it shall not be necessary for the Administrative Agent, the L/C Issuer, or any Lender, or any of their Affiliates entitled to the benefits hereof, to execute this Agreement or any other acceptance hereof. This Agreement shall be
construed in accordance with and governed by the internal laws of the State of New York. 
  

					
	Very truly yours,
	
	[NAME OF SUBSIDIARY GUARANTOR]
		
	By	 	 
		 	Name	 	 
		 	Title	 	 

 EXHIBIT G 

ASSIGNMENT AND ACCEPTANCE 

Dated
                    ,              

Reference is made to the Third Amended and Restated Credit Agreement dated as of September 6, 2013 (as extended, renewed, amended
or restated from time to time, the “Credit Agreement”) among The J. M. Smucker Company, an Ohio corporation, and Smucker Foods of Canada Corp., a federally incorporated Canadian corporation, the Guarantors party thereto, the Lenders
and L/C Issuer parties thereto, and Bank of Montreal, as Administrative Agent (the “Administrative Agent”). Terms defined in the Credit Agreement are used herein with the same meaning. 

                      
                                  (the “Assignor”) and
                            (the “Assignee”) agree as follows: 

1. The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, the
amount and specified percentage interest shown on Annex I hereto of the Assignor’s rights and obligations under the Credit Agreement as of the Effective Date (as defined below), including, without limitation, the Assignor’s Revolving
Credit Commitments as in effect on the Effective Date and the Loans, if any, owing to the Assignor on the Effective Date and the Assignor’s Revolver Percentage of any outstanding L/C Obligations. Such sale and assignment is without recourse to
the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

2. The Assignor (i) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it
hereunder and that such interest is free and clear of any adverse claim, lien, or encumbrance of any kind; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made
in or in connection with the Credit Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other instrument or document furnished pursuant thereto; and (iii) makes no
representation or warranty and assumes no responsibility with respect to the financial condition of any Borrower or any Subsidiary or the performance or observance by any Borrower or any Subsidiary of any of their respective obligations under the
Credit Agreement or any other instrument or document furnished pursuant thereto. 
 3. The Assignee (i) confirms that it
has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered to the Lenders pursuant to Section 8.5(a) and (b) thereof and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance; (ii) agrees that it will, independently and without reliance upon the Administrative Agent, the Assignor or any other Lender and

 
based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement;
(iii) appoints and authorizes the Administrative Agent to take such action as Administrative Agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by
the terms thereof, together with such powers as are reasonably incidental thereto; (iv) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by
it as a Lender; and (v) specifies as its lending office (and address for notices) the offices set forth on its Administrative Questionnaire. 

4. As consideration for the assignment and sale contemplated in Annex I hereof, the Assignee shall pay to the Assignor on
the Effective Date in Federal funds the amount agreed upon between them. It is understood that commitment and/or letter of credit fees accrued to the Effective Date with respect to the interest assigned hereby are for the account of the Assignor and
such fees accruing from and including the Effective Date are for the account of the Assignee. Each of the Assignor and the Assignee hereby agrees that if it receives any amount under the Credit Agreement which is for the account of the other party
hereto, it shall receive the same for the account of such other party to the extent of such other party’s interest therein and shall promptly pay the same to such other party. 

5. The effective date for this Assignment and Acceptance shall be
            (the “Effective Date”). Following the execution of this Assignment and Acceptance, it will be delivered to the Administrative Agent for acceptance and recording
by the Administrative Agent and, if required, the Borrower. 
 6. Upon such acceptance and recording, as of the Effective
Date, (i) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent provided in
this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Credit Agreement. 
 7.
Upon such acceptance and recording, from and after the Effective Date, the Administrative Agent shall make all payments under the Credit Agreement in respect of the interest assigned hereby (including, without limitation, all payments of principal,
interest and commitment fees with respect thereto) to the Assignee. The Assignor and Assignee shall make all appropriate adjustments in payments under the Credit Agreement for periods prior to the Effective Date directly between themselves. 

  
 -2- 

 8. This Assignment and Acceptance shall be governed by, and construed in
accordance with, the laws of the State of New York. 
  

					
	[ASSIGNOR LENDER]
		
	By	 	 
		 	Name	 	 
		 	Title	 	 
	
	[ASSIGNOR LENDER]
		
	By	 	 
		 	Name	 	 
		 	Title	 	 

 Accepted and consented this 

        day of
                     
  

					
	[INSERT NAME OF BORROWER]
		
	By	 	 
		 	Name	 	 
		 	Title	 	 
	 Accepted and consented to by the Administrative Agent and L/C Issuer this
        day of             

	
	 BANK OF MONTREAL,

as Administrative Agent and L/C Issuer

		
	By	 	 
		 	Name	 	 
		 	Title	 	 

  
 -3- 

 ANNEX I 

TO ASSIGNMENT AND ACCEPTANCE 

The assignee hereby purchases and assumes from the assignor the following interest in and to all of the Assignor’s rights and obligations
under the Credit Agreement as of the effective date. 
  

													
	FACILITY ASSIGNED	  	AGGREGATE
COMMITMENT/LOANS
FOR ALL LENDERS	 	  	AMOUNT OF
COMMITMENT/LOANS
ASSIGNED	 	  	PERCENTAGE ASSIGNED
OF COMMITMENT/LOANS	 
	 Revolving Credit
	  	$	_____________	  	  	$	_____________	  	  	 	_____	% 

 EXHIBIT H 

COMMITMENT AMOUNT INCREASE REQUEST 

                    ,
         
  

	To:	Bank of Montreal, as Administrative Agent for the Lenders parties to the Third Amended and Restated Credit Agreement dated as of September 6, 2013 (as extended, renewed, amended or restated from time to time, the
“Credit Agreement”), among The J. M. Smucker Company, Smucker Foods of Canada Corp., the Guarantors party thereto, certain Lenders which are signatories thereto, and Bank of Montreal, as Administrative Agent 

Ladies and Gentlemen: 
 The undersigned,
The J. M. Smucker Company and Smucker Foods of Canada Corp. (the “Borrowers”) hereby refers to the Credit Agreement and requests that the Administrative Agent consent to an increase in the aggregate Revolving Credit
Commitments (the “Commitment Amount Increase”), in accordance with Section 1.2 of the Credit Agreement, to be effected by [an increase in the Revolving Credit Commitment of [name of existing Lender] [the
addition of [name of new Lender] (the “New Lender”) as a Lender under the terms of the Credit Agreement]. Capitalized terms used herein without definition shall have the same meanings herein as such terms have in
the Credit Agreement. 
 After giving effect to such Commitment Amount Increase, the Revolving Credit Commitment of the
[Lender] [New Lender] shall be $                    . 

[Include paragraphs 1-4 for a New Lender] 

1. The New Lender hereby confirms that it has received a copy of the Loan Documents and the exhibits related thereto, together with copies of
the documents which were required to be delivered under the Credit Agreement as a condition to the making of the Loans and other extensions of credit thereunder. The New Lender acknowledges and agrees that it has made and will continue to make,
independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, its own credit analysis and decisions relating to the Credit Agreement. The New Lender
further acknowledges and agrees that the Administrative Agent has not made any representations or warranties about the credit worthiness of any Borrower or any other party to the Credit Agreement or any other Loan Document or with respect to the
legality, validity, sufficiency or enforceability of the Credit Agreement or any other Loan Document or the value of any security therefor. 

 2. Except as otherwise provided in the Credit Agreement, effective as of the date of acceptance
hereof by the Administrative Agent, the New Lender (i) shall be deemed automatically to have become a party to the Credit Agreement and have all the rights and obligations of a “Lender” under the Credit Agreement as if it were
an original signatory thereto and (ii) agrees to be bound by the terms and conditions set forth in the Credit Agreement as if it were an original signatory thereto. 

3. The New Lender shall deliver to the Administrative Agent an Administrative Questionnaire. 

[4. The New Lender has delivered, if appropriate, to the Borrowers and the Administrative Agent (or is delivering to the Borrowers and the
Administrative Agent concurrently herewith) the tax forms referred to in Section 13.1 of the Credit Agreement.]* 

THIS AGREEMENT SHALL BE DEEMED TO BE
A CONTRACTUAL OBLIGATION UNDER, AND SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

The Commitment Amount Increase shall be effective when the executed consent of the Administrative Agent is received or otherwise in accordance
with Section 1.2 of the Credit Agreement, but not in any case prior to                     ,         .
It shall be a condition to the effectiveness of the Commitment Amount Increase that all expenses referred to in Section 1.2 of the Credit Agreement shall have been paid. 

Each Borrower hereby certifies that no Default or Event of Default has occurred and is continuing. 

 

	*	Insert bracketed paragraph if New Lender is organized under the law of a jurisdiction other than the United States of America or a state thereof. 

  
 -2- 

 Please indicate the Administrative Agent’s consent to such Commitment Amount Increase by
signing the enclosed copy of this letter in the space provided below. 
  

					
	Very truly yours,
	
	THE J. M. SMUCKER COMPANY
		
	By	 	  

		 	Name	 	  

		 	Title	 	  

	
	SMUCKER FOODS OF CANADA CORP.
		
	By	 	  

		 	Name	 	  

		 	Title	 	  

	
	[NEW OR EXISTING LENDER INCREASING COMMITMENTS]
		
	By	 	  

		 	Name	 	  

		 	Title	 	  

  

					
	The undersigned hereby consents on this      day of                     ,
         to the above-requested Commitment Amount Increase.
	
	BANK OF MONTREAL, as Administrative Agent
		
	By	 	  

		 	Name	 	  

		 	Title	 	  

  
 -3- 

 SCHEDULE 1 

COMMITMENTS 
  

					
	NAME OF LENDER	  	 REVOLVING CREDIT

COMMITMENT
	 
	 Bank of Montreal
	  	US $	212,500,000.00	  
	 Bank of America, N.A.
	  	US $	212,500,000.00	  
	 JPMorgan Chase Bank, N.A.
	  	US $	212,500,000.00	  
	 PNC Bank, National Association
	  	US $	212,500,000.00	  
	 Fifth Third Bank
	  	US $	150,000,000.00	  
	 U.S. Bank National Association
	  	US $	150,000,000.00	  
	 SunTrust Bank
	  	US $	100,000,000.00	  
	 Wells Fargo Bank N.A.
	  	US $	100,000,000.00	  
	 The Huntington National Bank
	  	US $	75,000,000.00	  
	 CoBank, ACB
	  	US $	45,000,000.00	  
	 AgFirst Farm Credit Bank
	  	US $	30,000,000.00	  
		  	  
	  
	 
	 Total
	  	US $	1,500,000,000.00	  
		  	  
	  
	 

 SCHEDULE 6.2 

SUBSIDIARIES 

See attached. 

 SCHEDULE 6.2 

SUBSIDIARIES 
  

									
	 Subsidiary
	  	 Jurisdiction of

Incorporation
	  	 Ownership
	 
	  	  	 Owned By
	  	Percent
Ownership	 
	 J. M. Smucker LLC
	  	Ohio	  	Smucker Foods, Inc.	  	 	100	% 
	 Smucker Foods of Canada Corp.
	  	Federally incorporated Canadian corporation	  	Smucker International Holding Company	  	 	0.01	% 
		  		  	Smucker Holdings, B.V.	  	 	99.99	% 
	 Smucker Sales and Distribution Company
	  	Ohio	  	The J. M. Smucker Company	  	 	100	% 
	 Smucker Services Company
	  	Ohio	  	The J .M. Smucker Company	  	 	100	% 
	 The Folgers Coffee Company
	  	Delaware	  	The J .M. Smucker Company	  	 	100	% 

 Smucker Foods of Canada Corp.’s registered office is 80 Whitehall Drive, Markham, Ontario L3R 0P3 

 SCHEDULE 6.15(B) 

CANADIAN BENEFIT PLANS AND CANADIAN PENSION
PLANS 
 Canadian Pension Plans 
  

	1.	Hourly Employees’ Pension Plan of Smucker Foods of Canada Corp. (as amended and restated effective January 1, 2008), and amendments thereto. 

 

	2.	Smucker Foods of Canada Corp. Pension Plan (as amended and restated effective as of January 1, 2010), with accompanying resolutions and amendments thereto. 

 

	3.	Executive Employees’ Pension Plan of Smucker Foods of Canada Corp. (as amended and restated effective January 1, 2010), and amendments thereto. 

Canadian Benefit Plans 
  

	1.	Group Insurance Plan with Desjardins Financial Security Life Assurance Company, Group Policy Number 800121 (Life, Optional Life, Short Term Disability, Long Term Disability, Health, Dental). 

 

	2.	AXA Assurance, Group Policy Number 9227433A (Accidental Death and Dismemberment for all union office employees on group benefits with Desjardins Financial Security Group Number 800121 under Division 0003).

  

	3.	AXA Assurance, Policy Number 9227433B (Accidental Death and Dismemberment for plant Ste. Marie employees on group benefits with Desjardins Financial Security Group Number 800121 under Division 0005). 

 

	4.	Group Benefit Plan – Smucker Foods of Canada Corp., Policy Number 38453 (including retiree benefits for certain groups) with Manulife Financial. 

 

	5.	Voluntary Group Accident Insurance Program, Smucker Foods of Canada Corp., Policy Number PAI 9028478A, with AIG Insurance Company of Canada. 

 

	6.	Basic Accidental Death & Dismemberment Insurance, Smucker Foods of Canada Corp., Policy Number BSC 9106513 with AIG Insurance Company of Canada (non-union employees). 

 

	7.	Basic Accidental Death & Dismemberment Insurance, Smucker Foods of Canada Corp., Policy Number BSC 9028477 with AIG Insurance Company of Canada (union employees). 

 

	8.	Group Savings Plans with Manulife Financial: 

  

	 	1.	Registered Retirement Savings Plan, Policy #20000825; 

	 	2.	Deferred Profit Savings Plan, Policy #30000825; and 

  

	 	3.	Non Registered Savings Plan, Policy #40000825. 

  

	9.	Benefits provided pursuant to the following collective agreements: 

  

	 	a.	Collective Agreement (July 25, 2009 to June 6, 2014) between Smucker Foods of Canada Corp. (Ste. Marie) and Syndicat des employees and employees professionels-let et de bureau, Local 526, affiliated with SEPB
CTC-FTQ (office employees); 

  

	 	b.	Collective Agreement (June 4, 2010 to November 30, 2013) between Smucker Foods of Canada Corp. (Ste. Marie) and Syndicat international des travailleurs et travailleuses de la boulangerie, confiserie and du tabac,
local 480. (plant employees); and 

  

	 	c.	Collective Agreement (ends November 1, 2014), between Smuckers Foods of Canada Corp. (Sherbrooke) and Travailleurs unis de l’alimentation et du commerce, Local 500. 

 

	10.	Benefits provided under the supplemental policies set forth in the Smucker Foods of Canada Corp. Human Resources Policies and Procedures, including updates. 

Exceptions 
  

	 	1.	Canadian Benefit Plans that are not either fully funded or fully insured. 

 None. 

 

	 	2.	Outstanding actions or suits. 

 None. 

 

	 	3.	Liability in respect of a multi-employer pension plan. 

 None. 

 

	 	4.	Canadian Pension Plans not fully funded on a going concern basis or solvency basis. 

Based on the report of the actuarial valuation as of January 1, 2011, the Hourly Employees’ Pension Plan of Smucker Foods of Canada
Corp. (amended and restated effective January 1, 2008) has a solvency deficit. 
 Based on the report of the actuarial valuation as of
January 1, 2012, the Smucker Foods of Canada Corp. Pension Plan (amended and restated effective January 1, 2010) has a solvency deficit. 

Based on the report of the actuarial valuation as of January 1, 2012, the Executive Employees’ Pension Plan of Smucker Foods of
Canada Corp. has a solvency deficit. 

 SCHEDULE 8.7 

EXISTING INDEBTEDNESS AND GUARANTIES 

Notes and Accompanying Guaranties 
  

	1.	$100,000,000 in principal amount of 4.78% Senior Notes due June 1, 2014. 

  

	 	a.	Amended and Restated Guaranty Agreement, dated as of May 31, 2007, by J.M. Smucker LLC in favor of the Noteholders (as defined therein). 

 

	 	b.	Guaranty Agreement, dated as of November 6, 2008, by The Folgers Coffee Company in favor of the Noteholders (as defined therein). 

 

	2.	$24,000,000 in principal amount of 6.12% Senior Notes due November 1, 2015. 

  

	 	a.	Guaranty Agreement, dated as of October 23, 2008, by J.M. Smucker LLC in favor of the Noteholders (as defined therein). 

  

	 	b.	Guaranty Agreement, dated as of November 6, 2008, by The Folgers Coffee Company in favor of the Noteholders (as defined therein). 

 

	3.	$376,000,000 in principal amount of 6.63% Senior Notes due November 1, 2018. 

  

	 	a.	Guaranty Agreement, dated as of October 23, 2008, by J.M. Smucker LLC in favor of the Noteholders (as defined therein). 

  

	 	b.	Guaranty Agreement, dated as of November 6, 2008, by The Folgers Coffee Company in favor of the Noteholders (as defined therein). 

 

	4.	$350,000,000 in principal amount of 5.55% Senior Notes due April 1, 2022. 

  

	 	a.	Guaranty Agreement, dated as of May 31, 2007, by J.M. Smucker LLC in favor of the Noteholders (as defined therein). 

  

	 	b.	Guaranty Agreement, dated as of November 6, 2008, by The Folgers Coffee Company in favor of the Noteholders (as defined therein). 

 

	5.	$400,000,000 in principal amount of 4.50% Senior Notes due June 1, 2025. 

  

	 	a.	Guaranty Agreement, dated as of June 15, 2010, by J.M. Smucker LLC in favor of the Noteholders (as defined therein). 

  

	 	b.	Guaranty Agreement, dated as of June 15, 2010, by The Folgers Coffee Company in favor of the Noteholders (as defined therein). 

	6.	$750,000,000 in principal amount of 3.5% Senior Public Notes due October 15, 2021. 

  

	 	a.	First Supplemental Indenture, dated as of October 18, 2011, among The J. M. Smucker Company (as issuer), The Folgers Coffee Company (as guarantor), J. M. Smucker LLC (as guarantor), and U.S.
Bank National Association (as trustee). 

 Other Debt 
  

	1.	International Intercompany Loans 

  

	 	a.	Promissory Note/Revolving Loan dated May 23, 1995 between J. M. Smucker de Mexico, S.A. de C.V. (as obligor) and the Borrower (as lender) in principal amount up to $5,000,000 U.S. payable upon demand by the holder.

  

	 	b.	Secured Loan Note dated June 4, 2010 between the Canadian Borrower (as obligor) and Smucker International Holding Company, formerly known as JMS Manufacturing, Inc. (as lender) in principal amount of
$41,000,000 (CAD). 

  

	 	c.	Promissory Note/Revolving Loan dated January 10, 2012 between Smucker Hong Kong Limited (as obligor) and the Borrower (as lender) in principal amount up to $5,970,000 U.S. payable upon demand by the holder.

  

	 	d.	Promissory Note/Revolving Loan dated March 23, 2012 between Smucker Hong Kong Limited (as obligor) and the Borrower (as lender) in principal amount up to $29,910,000 U.S. payable upon demand by the holder.

  

	 	e.	Promissory Note dated October 1, 2012 between J. M. Smucker de Mexico, S.A. de C.V. (as obligor) and the Borrower (as lender) in principal amount up to $600,000 U.S. payable upon demand by the holder.

  

	2.	Overdraft Line of Credit. Overdraft line of credit between Bank of Montreal and Smucker Foods of Canada Corp. in principal amount of $20,000,000. 

 

	3.	Industrial Revenue Bonds. The Folger Coffee Company has indebtedness under the following lease agreement in connection with certain Industrial Revenue Bonds listed below. 

 

	 	a.	A Lease Agreement, dated as of June 1, 2003, between St. Tammany Parish Economic and Industrial Development District and The Folger Coffee Company in connection with $25,000,0000 St. Tammany Parish Economic and
Industrial Development District Taxable Revenue Bonds (The Folger Coffee Company Project) Series 2003. 

	4.	Letters of Credit. 

  

	 	a.	As of August 30, 2013, Harris N.A. has issued nine (9) standby letters of credit in the aggregate principal amount of US $6,948,457. 

 

	 	b.	As of August 30, 2013, Bank of Montreal has issued one (1) standby letter of credit in the principal amount of CAD $168,398. 

 

	 	c.	As of August 30, 2013, JPMorgan Chase Bank, N.A. has issued one (1) standby letter of credit in the principal amount of $197,076.81. 

 

	5.	Capitalized Lease Obligations. As of July 31, 2013, The J. M. Smucker Company had approximately $6,839,000 and Smucker Foods of Canada Corp. had approximately $188,000 of Capitalized Lease Obligations,
primarily for information technology equipment. 

  

	6.	Ohio Department of Development Loan. Cognovit Promissory Note dated December 28, 2010 between the Borrower (as obligor) and the Director of Development of the State of Ohio in principal amount outstanding as
of August 30, 2013 of approximately $1,339,000.

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