Document:

Exhibit 10.4

 

AMENDMENT NO. 1 TO EMPLOYMENT AGREEMENT

 

This Amendment No. 1 to Employment Agreement
(this “Amendment”) is entered into effective as of February 2, 2017 (the “Effective Date”),
by and between Imation Corp. (“Company”) and Danny Zheng (“Executive” and together
with Company, each a “Party” and collectively, the “Parties”).

 

WHEREAS, Company and
Executive entered into that certain Employment Agreement, dated as of April 26, 2016 (the “Original Agreement”);

 

WHEREAS, capitalized
terms used in this Amendment and not otherwise defined shall have the meanings ascribed to such terms in the Original Agreement;
and

 

WHEREAS, the Parties
desire to amend the Original Agreement subject to the terms and conditions of, and as more particularly described in, this Amendment.

 

NOW, THEREFORE, in
receipt of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged by the Parties, each Party, intending to be legally bound, agrees as follows:

 

		1.	Increase in Base Salary. Effective April 1, 2017, Section 3 of the Original Agreement
shall be amended and restated in its entirety as follows:

 

“3. Base Salary. As compensation
for services rendered to the Company during the term of Executive’s employment hereunder, the Company shall initially pay
Executive a base salary at the annual rate of $315,000. Executive shall be entitled to such increases in Executive’s base
salary, if any, as may be determined from time to time in the sole discretion of the Board of Directors of the Company (the “Board”).
Executive’s annual base salary, as in effect from time to time, is hereinafter referred to as the “Base Salary.”
The Base Salary shall be payable in accordance with the Company’s standard payroll schedule and procedures including applicable
withholdings or deductions. The Base Salary will be subject to adjustment pursuant to the Company’s executive compensation
policies in effect from time to time or as otherwise determined by the Board.”

 

		2.	Increase in Target Bonus Percentages. Effective with respect to Annual Bonus payments in
respect of work performed during fiscal year 2017 and subsequent fiscal years during the term of the Agreement, Section 4(a)
of the Original Agreement shall be amended and restated in its entirety as follows:

 

“(a) Executive shall be eligible
for an annual performance-based bonus (the “Annual Bonus”) with a target of 50% of his Base Salary. Executive’s
Annual Bonus shall be based on achievement of the following objectives, as determined by the Company:”

 

		3.	Equity Grant. Company agrees to grant to Executive an equity grant of not less than 450,000
shares (adjusted for any stock splits after the Effective Date). The terms and conditions of such equity grant shall be specified
by the Compensation Committee of the Company’s Board of Directors at its next regular meeting and no later than March 15,
2017.

 

		4.	Acknowledgement of Interim CEO Position. Company and Executive agree and acknowledge that:
(i) as of the Effective Date, Executive will be appointed to serve as Interim Chief Executive Officer of the Company (the “Interim
Appointment”); (ii) such Interim Appointment is intended to be temporary during the pendency of an ongoing search
by the Company for a Chief Executive Officer with substantial experience in the asset management industry; and (iii) the compensation
arrangements set forth in Sections 1, 2 and 3 of this Amendment (1) are in no linked to or contingent upon
the Interim Appointment and (2) shall survive after the period of time during which the Interim Appointment is no longer in effect.

 

 

    	Amendment No. 1 to Employment Agreement
	Page 1 of 2

     

    

 

 

		5.	Full Force and Effect. Except as expressly amended hereby, the Original Agreement remains
in full force and effect.

 

		6.	Execution. This Agreement may be executed by electronic transmission (i.e., PDF or facsimile)
and in in two (2) or more counterparts, each of which shall be an original, with the same effect as if the signatures thereto and
hereto were upon the same instrument.

 

[Signature Page Follows]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	Amendment No. 1 to Employment Agreement
	Page 2 of 2

     

    

 

 

IN WITNESS WHEREOF, the undersigned have
executed this Amendment as of the first date written above.

 

 

	 	COMPANY:
	 	 	 
	 	IMATION CORP.
	 	 	 
	 	 	 
	 	By:	 /s/ Joseph A. De Perio
	 	Name:	Joseph A. De Perio
	 	Title:	Non-Executive Chairman
	 	 	 
	 	 	 
	 	 	 
	 	EXECUTIVE:
	 	 	 
	 	 	 
	 	/s/ Danny Zheng
	 	Danny Zheng

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	Signature Page to Amendment No. 1 to Employment AgreementEX-10.1

 Exhibit 10.1 

FIFTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

Dated as of February 3, 2017 

among 
 PINNACLE FOODS FINANCE
LLC, 
 as the Borrower, 
 PEAK
FINANCE HOLDINGS LLC, 
 as Holdings, 

THE GUARANTORS PARTY HERETO, 

BARCLAYS BANK PLC, 
 as
Administrative Agent, Swing Line Lender and L/C Issuer, 
 BANK OF AMERICA, N.A., 

as L/C Issuer, 
 and 

THE OTHER LENDERS PARTY HERETO 
  

 
 BANK OF AMERICA,
N.A., BARCLAYS BANK PLC, CREDIT SUISSE SECURITIES (USA) LLC, GOLDMAN SACHS BANK USA AND MORGAN STANLEY SENIOR FUNDING, INC. 
 as Joint Lead
Arrangers and Joint Bookrunners 

 This Fifth Amendment to Second Amended and Restated Credit Agreement (this
“Amendment”) is dated as of February 3, 2017 and is entered into by and among Pinnacle Foods Finance LLC, a Delaware limited liability company (the “Borrower”), Peak Finance Holdings LLC, a Delaware limited
liability company (“Holdings”), Barclays Bank PLC (“Barclays”), as Administrative Agent (the “Administrative Agent”), each of the Revolving Credit Lenders (immediately after the 2017 Refinancing (as
defined below) and immediately prior to the Amendment and Restatement (as defined below)), the Initial Term Lenders (as defined below), the Swing Line Lender (immediately after the 2017 Refinancing and immediately prior to the Amendment and
Restatement), the L/C Issuer (immediately after the 2017 Refinancing and immediately prior to the Amendment and Restatement) and, for purposes of Sections V and VI hereof, the Guarantors listed on the signature pages hereto, and
is made with reference to that certain Second Amended and Restated Credit Agreement, dated as of April 29, 2013 (as amended by that certain First Amendment to Second Amended and Restated Credit Agreement, dated as of October 1, 2013, that
certain Second Amendment to Second Amended and Restated Credit Agreement, dated as of January 15, 2016, that certain Third Amendment to Second Amended and Restated Credit Agreement, dated as of July 19, 2016 and that certain Fourth
Amendment to Second Amended and Restated Credit Agreement, dated as of July 26, 2016, and as further amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”)
by and among the Borrower, Holdings, the Lenders party thereto from time to time, the Administrative Agent, the Collateral Agent and the other Agents and parties named therein. Capitalized terms used herein without definition shall have the same
meanings herein as set forth in the Credit Agreement after giving effect to this Amendment. 
 RECITALS 

WHEREAS, Bank of America, N.A., Barclays, Credit Suisse Securities (USA) LLC, Goldman Sachs Bank USA and Morgan Stanley Senior Funding, Inc.
are acting as joint lead arrangers and joint lead bookrunners (in such capacities, the “Refinancing Arrangers”) in connection with this Amendment; 

WHEREAS, the Borrower has requested to establish a new tranche of term loans (the “Initial Term Loan Facility”) pursuant to
and subject to the conditions of Section 2.17 of the Credit Agreement and Section I of this Amendment, which Initial Term Loan Facility shall consist of term loans (the “Initial Term Loans”) in an
aggregate principal amount equal to $2,262,000,000 and which Initial Term Loans shall be on the terms set forth in the Amended and Restated Credit Agreement (as defined below); 

WHEREAS, the Borrower has requested to establish a new revolving credit facility (the “Revolving Credit Facility”) pursuant
to and subject to the conditions of Section 2.17 of the Credit Agreement and Section II of this Amendment, which Revolving Credit Facility shall consist of revolving credit commitments in an aggregate principal
amount equal to $225,000,000 (the “Revolving Credit Commitments” and the loans made thereunder the “Revolving Credit Loans”) and which Revolving Credit Commitments shall be on the terms set forth in the Amended and
Restated Credit Agreement; 

  
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 WHEREAS, on the 2017 Refinancing Effective Date, (1) the proceeds of the Initial Term Loans
will be used to repay all Term Loans of the Borrower outstanding under the Credit Agreement immediately prior to the 2017 Refinancing and (2) the existing revolving credit facility (the “Existing Revolving Credit Facility”) and
the Commitments thereunder (the “Existing Revolving Credit Commitments”) will be terminated as provided in Section II of this Amendment and (x) any revolving loans incurred under the Existing Revolving Credit Facility will be
refinanced, or deemed refinanced, with loans incurred under the Revolving Credit Facility and (y) any letters of credit issued under the Existing Revolving Facility shall be deemed to be issued under the Revolving Credit Facility (collectively,
the “2017 Refinancing”); 
 WHEREAS, the Borrower has requested to make certain amendments to the Credit Agreement
immediately after the 2017 Refinancing as more specifically set forth in the Amended and Restated Credit Agreement; 
 WHEREAS, the
Borrower, Holdings, the Administrative Agent, the Revolving Credit Lenders, the Swing Line Lender, the L/C Issuer and the Lenders constituting the Required Lenders (immediately after the 2017 Refinancing and immediately prior to the Amendment and
Restatement) have agreed to amend certain provisions of the Credit Agreement as provided for herein in the form of a Third Amended and Restated Credit Agreement attached hereto as Exhibit A (the “Amended and Restated Credit
Agreement”); and 
 WHEREAS, each party that executes and delivers a signature page to this Amendment, including the signature page
of each Person consenting to be an Initial Term Lender (as defined below) and/or a Revolving Credit Lender (as defined below) in accordance with the provisions of Section I and II, respectively, of this Amendment (and each Lender that
acquires any Initial Term Loans on or after the 2017 Amendment Effective Date), will be deemed upon the 2017 Amendment Effective Date to have agreed to the terms of this Amendment and the Amended and Restated Credit Agreement; 

NOW, THEREFORE, in consideration of the premises and the mutual agreements, provisions and covenants herein contained and other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 
  

	SECTION I.	INITIAL TERM LOANS 

 Initial Term Loans. 

A. The Borrower confirms and agrees that (i) it has requested an additional tranche of term loans, to be referred to in the Amended
and Restated Credit Agreement as “Initial Term Loans”, in a total aggregate principal amount of $2,262,000,000 from the lenders providing such loans (the “Initial Term Lenders”) pursuant to and on the terms set forth in
Section 2.17 of the Credit Agreement and herein, (ii) prior to the 2017 Refinancing Effective Date, the Borrower will deliver to the Administrative Agent a timely Committed Loan Notice with respect to the Initial Term
Loan Borrowing and (iii) on the 2017 Refinancing Effective Date (as defined below), the Borrower will borrow (and hereby requests funding of) the full amount of Initial Term Loans from the Initial Term Lenders. Amounts paid or prepaid in
respect of Initial Term Loans may not be reborrowed. 

  
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 B. The Initial Term Lenders and each Loan Party that is a party hereto agree that
effective on and at all times after the 2017 Refinancing Effective Date, the Initial Term Lenders will be bound by all obligations, and entitled to all the benefits of, a Lender under the Credit Agreement (immediately prior to the Amendment and
Restatement) and the Amended and Restated Credit Agreement (from and immediately after the Amendment and Restatement) in respect of its Initial Term Loans set forth on Schedule I to this Amendment. No Initial Term Lender ever is or ever shall be in
any respect responsible or liable for any obligation of any other Lender. 
 C. On the 2017 Refinancing Effective Date, the Borrower
shall apply the aggregate proceeds of the Initial Term Loans (together with cash on hand of the Borrower) to prepay in full all outstanding Term Loans of the Borrower and all outstanding and accrued interest, fees and the other amounts payable under
the Credit Agreement immediately prior to the 2017 Refinancing. The repayment of existing Term Loans with the proceeds of the Initial Term Loans contemplated hereby collectively constitute a voluntary prepayment of the existing Term Loans by the
Borrower pursuant to Section 2.05(a) of the Credit Agreement. 
  

	SECTION II.	REVOLVING CREDIT FACILITY 

 Revolving Credit Facility. 

A. The Borrower confirms and agrees that it has requested a new revolving credit facility, which shall consist of commitments to be
referred to in the Amended and Restated Credit Agreement as “Revolving Credit Commitments” (with the loans made thereunder to be referred to in the Amended and Restated Credit Agreement as “Revolving Credit Loans”), from the
lenders providing such commitments and loans in a total aggregate principal amount of $225,000,000 (the “Revolving Credit Lenders”) pursuant to and on the terms set forth in Section 2.17 of the Credit
Agreement and herein. 
 B. The Revolving Credit Lenders and each Loan Party that is a party hereto agree that (i) effective on
and at all times after the 2017 Refinancing Effective Date, the Revolving Credit Lenders will be bound by all obligations of, and entitled to all the benefits of, a Lender under the Credit Agreement (immediately prior to the Amendment and
Restatement) and the Amended and Restated Credit Agreement (from and immediately after the Amendment and Restatement) in respect of their respective Revolving Credit Commitment set forth on Schedule I to this Amendment and (ii) from time to
time on or after the Amendment and Restatement such Revolving Credit Lender will fund Revolving Credit Loans in accordance with the provisions of the Amended and Restated Credit Agreement. Except as expressly set forth in the Amended and Restated
Credit Agreement, no Revolving Credit Lender ever is or ever shall be in any respect responsible or liable for any obligation of any other Lender. 

C. On the 2017 Refinancing Effective Date, the Existing Revolving Credit Facility and the Existing Revolving Credit Commitments
thereunder will be terminated and the Borrower shall apply the proceeds of the Revolving Credit Facility to repay in full all outstanding Existing 

  
 3 

 
Revolving Credit Loans (if any) (including all accrued but unpaid interest with respect thereto) of the Borrower immediately prior to the 2017 Refinancing. Any letters of credit issued under the
Existing Revolving Facility shall be deemed to be issued under the Revolving Credit Facility. 
  

	SECTION III.	AMENDMENT AND RESTATEMENT OF CREDIT AGREEMENT 

 The parties hereto agree that immediately
after the 2017 Refinancing, the Credit Agreement shall be amended such that on the 2017 Amendment Effective Date, the terms set forth in the Amended and Restated Credit Agreement attached hereto as Exhibit A shall replace the terms of the
Credit Agreement in its entirety (the “Amendment and Restatement”). 
  

	SECTION IV.	CONDITIONS TO EFFECTIVENESS 

 4.1 Refinancing
Effective Date. The funding of and the effectiveness of the Initial Term Loans as set forth in Section I above and the funding of and the effectiveness of the Revolving Credit Commitments and any
Revolving Credit Loans funded thereunder are subject to the satisfaction of all of the following conditions precedent (the date of satisfaction of such conditions being referred to herein as the “2017 Refinancing Effective Date”):

 A. Execution. The Administrative Agent shall have (i) executed this Amendment and (ii) received a counterpart
signature page of this Amendment duly executed by (a) each of the Loan Parties, (b) each Initial Term Lender and (c) each Revolving Credit Lender. 

B. Committed Loan Notice. The Administrative Agent shall have received a Committed Loan Notice relating to the
Borrowing of the Initial Term Loans executed by the Borrower. 
 C. Notice of Prepayment. The Borrower shall
have delivered a fully executed notice of prepayment of all of the Term Loans and Revolving Credit Loans (if any) outstanding immediately prior to the 2017 Refinancing in accordance with Section 2.05(a) of the Credit Agreement at or before the time
required under the Credit Agreement in order to allow a prepayment of such Term Loans and Revolving Credit Loans on the 2017 Refinancing Effective Date. 

D. Notice of Termination. The Borrower shall have delivered a fully executed notice of termination of the Existing
Revolving Credit Commitments at least three business days prior to the 2017 Refinancing Effective Date pursuant to Section 2.06(a) of the Credit Agreement and such termination shall be deemed effective immediately prior to the 2017 Refinancing
Effective Date. 
 E. Opinion of Counsel to Loan Parties. The Administrative Agent shall
have received an executed copy of a written opinion of Cravath, Swaine & Moore LLP, counsel for the Loan Parties, addressed to the Administrative Agent and the Lenders party to the Credit Agreement (immediately after the 2017 Refinancing),
dated as of the 2017 Refinancing Effective Date, in form and substance reasonably satisfactory to the Administrative Agent. 
 F.
No Default or Event of Default. No event has occurred and is continuing or will result from the 2017 Refinancing that would constitute a Default or an Event of Default. 

  
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 G. Representations and Warranties. Each of the representations and
warranties contained in Section V below shall be true and correct in all material respects (both before and after giving effect to the 2017 Refinancing); provided that, to the extent that such representations and warranties
specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided, further that, any representation and warranty that is qualified as to “materiality,”
“Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates. 

H. Patriot Act. The Administrative Agent shall have received at least three Business Days prior to the 2017 Refinancing
Effective Date all documentation and other information required by regulatory authorities with respect to the Borrower under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the
PATRIOT Act, that has been reasonably requested by the Administrative Agent at least 5 Business Days in advance of the 2017 Refinancing Effective Date. 

I. Flood Determinations. The Administrative Agent shall have obtained with respect to each Mortgaged Property a completed
“Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination (together with a notice about special flood hazard area status and flood
disaster assistance duly executed by the Borrower and the applicable Loan Party relating thereto). 
 J. Fees and
Expenses. The Administrative Agent and the Refinancing Arrangers shall have received all fees and other amounts due and payable on or prior to the 2017 Refinancing Effective Date (including any upfront fee on the Initial Term Loan Facility,
which may take the form of original issue discount, and any amounts payable under Section 3.05 of the Credit Agreement), including, to the extent invoiced at least one Business Day prior to the 2017 Refinancing Effective
Date, reimbursement or other payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower in connection with this Amendment or under any other
Loan Document (including all reasonable fees, charges and disbursements of Latham & Watkins LLP, counsel to the Administrative Agent and the Refinancing Arrangers, incurred in connection with this Amendment). 

K. Other Documents. The Administrative Agent and the Lenders shall have received customary corporate documents
(including resolutions and good standing certificates) and certificates (including officer’s and secretary’s certificates and a certificate from the chief financial officer of the Borrower with respect to the solvency (on a consolidated
basis) of Parent and its subsidiaries) each in form and substance reasonably satisfactory to the Administrative Agent. 
 4.2
Amendment Effective Date. The Amendment and Restatement shall become effective only upon the satisfaction of (i) all of the conditions precedent specified above in
Section 4.1 and (ii) the following conditions precedent (the date of satisfaction of such conditions being referred to herein as the “2017 Amendment Effective Date”): 

A. Execution. The Administrative Agent shall have received a counterpart signature page of this Amendment duly executed by
(i) the Required Lenders (as defined under the Credit Agreement) immediately after the 2017 Refinancing, (ii) the Swing Line Lender and (iii) each L/C Issuer. 

  
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 B. No Default or Event of Default. No event has
occurred and is continuing or will result from the Amendment and Restatement that would constitute a Default or an Event of Default. 

C. Representations and Warranties. Each of the representations and warranties contained in Section V below
shall be true and correct in all material respects (both before and after giving effect to the Amendment and Restatement); provided that, to the extent that such representations and warranties specifically refer to an earlier date, they shall
be true and correct in all material respects as of such earlier date; provided, further that, any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language
shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates. 
 D.
Other Conditions. Each of the other conditions precedent described in Section 4.1 of this Amendment that are satisfied as of the 2017 Refinancing Effective Date shall also be deemed by the Lenders to be
satisfied as of the 2017 Amendment Effective Date; provided that those conditions contained in Section 4.1 that specifically mention the 2017 Refinancing Effective Date shall be deemed satisfied as of the 2017
Amendment Effective Date. 
  

	SECTION V.	REPRESENTATIONS AND WARRANTIES 

 In order to induce the Initial Term Lenders and
Revolving Credit Lenders to extend credit to the Borrower in the form of Initial Term Loans and the Revolving Credit Commitments and to induce the Administrative Agent, the Required Lenders (immediately after the 2017 Refinancing), the Swing Line
Lender and each L/C Issuer to enter into this Amendment and to amend the Credit Agreement in the manner provided herein, each Loan Party which is a party hereto represents and warrants to each of the parties hereto that the following statements are
true and correct in all material respects: 
 A. Corporate Power and Authority. Each Loan Party which is
party hereto has all requisite power and authority to enter into this Amendment and to carry out the transactions contemplated by, and to perform its obligations under, this Amendment and under the Amended and Restated Credit Agreement and the other
Loan Documents to which it is a party. 
 B. Authorization of Agreements. The execution and delivery of this
Amendment and the performance of this Amendment and the Amended and Restated Credit Agreement and the other Loan Documents to which it is a party have been duly authorized by all necessary action on the part of each Loan Party party hereto. 

C. No Conflict. The execution and delivery by each Loan Party of this Amendment and the performance by each Loan Party
party hereto of this Amendment and the Amended and Restated Credit Agreement and the other Loan Documents to which it is a party do not and will not (i) contravene the terms of any of such Loan Party’s Organization Documents,
(ii) conflict with or result in any breach or contravention of, or the creation of any Lien under (other than as permitted under Section 7.01 of the Amended and Restated Credit Agreement), or require any payment (other than the payments
contemplated hereby) to be made under (a) any Contractual Obligation to which such Loan Party is a party or affecting such Loan Party or the properties of such Loan Party or any of its Subsidiaries or (b) any material order, injunction,
writ or decree of any Governmental 

  
 6 

 
Authority or any arbitral award to which such Loan Party or its property is subject; or (iii) violate any material Law; except with respect to any conflict, breach or contravention or
payment (but not creation of Liens) referred to in clause (ii)(a), to the extent that such conflict, breach, contravention or payment could not reasonably be expected to have a Material Adverse Effect. 

D. Governmental Consents. No material action, consent or approval of, registration or filing with or any other action by
any Governmental Authority is or will be required in connection with the execution and delivery by each Loan Party of this Amendment and the performance by, or enforcement against, each Loan Party party hereto of this Amendment and the Amended and
Restated Credit Agreement and the other Loan Documents to which it is a party, except for such actions, consents and approvals the failure to obtain or make which could not reasonably be expected to result in a Material Adverse Effect or which have
been obtained and are in full force and effect. 
 E. Binding Obligation. This Amendment and the Amended and Restated
Credit Agreement have been duly executed and delivered by each of the Loan Parties party thereto and each constitutes a legal, valid and binding obligation of such Loan Party to the extent a party thereto, enforceable against such Loan Party in
accordance with its terms, except as enforceability may be limited by Debtor Relief Laws and by general principles of equity. 
 F.
Incorporation of Representations and Warranties from the Credit Agreement. The representations and warranties contained in Article V of the Credit Agreement are and will be true and
correct in all material respects on and as of the 2017 Refinancing Effective Date and the representations and warranties contained in Article V of the Amended and Restated Credit Agreement will be true and correct in all material respects on and as
of the 2017 Amendment Effective Date; provided that, to the extent that such representations and warranties specifically refer to an earlier date, they are true and correct in all material respects as of such earlier date; provided,
further that, any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language is true and correct (after giving effect to any qualification therein) in all respects on
such respective dates. 
 G. Patriot Act. To the extent applicable, each Loan Party and each Subsidiary of each Loan
Party is in compliance, in all material respects, with (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and
any other enabling legislation or executive order relating thereto, and (ii) the Patriot Act. No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or employee, political party,
official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices
Act of 1977, as amended. 
  

	SECTION VI.	ACKNOWLEDGMENT AND CONSENT 

 As of the 2017 Refinancing Effective Date and the 2017
Amendment Effective Date, each Guarantor hereby acknowledges that it has reviewed the terms and provisions of this Amendment and the Amended and Restated Credit Agreement and consents to the amendment and amendment and restatement of the Credit
Agreement effected pursuant to this Amendment, including any 

  
 7 

 
increase or decrease in Commitments from the Credit Agreement (and any new Commitments by any additional Lenders) and acknowledges and agrees that the Lenders (including both existing Lenders and
additional Lenders) are “Lenders” and “Secured Parties” for all purposes under the Loan Documents to which such Guarantor is a party. As of the 2017 Refinancing Effective Date and the 2017 Amendment Effective Date, the Borrower
and each Guarantor hereby confirms that each Loan Document to which it is a party or otherwise bound and all Collateral encumbered thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with
the Loan Documents the payment and performance of all “Obligations” under each of the Loan Documents to which it is a party (in each case as such terms are defined in the applicable Loan Document (as amended hereby)). 

As of the 2017 Refinancing Effective Date and the 2017 Amendment Effective Date, the Borrower and each Guarantor acknowledges and agrees that
any of the Loan Documents to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or
effectiveness of this Amendment and the Amended and Restated Credit Agreement. 
 As of the 2017 Refinancing Effective Date and the 2017
Amendment Effective Date, each Guarantor acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Guarantor is not required by the terms of the Credit Agreement or any other Loan
Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in this Amendment, the Amended and Restated Credit Agreement or any other Loan Document shall be deemed to require the consent of
such Guarantor to any future amendments to the Amended and Restated Credit Agreement. 
  

	SECTION VII.	WAIVER 

 Each Lender hereby waives the right to the payment of any breakage, loss or
expense under Section 3.05 (Funding Losses) of the Credit Agreement with respect to any of its existing Term Loans that are being repaid in connection with the 2017 Refinancing. 

 

	SECTION VIII.	MISCELLANEOUS 

 A. Reference to and
Effect on the Credit Agreement and the Other Loan Documents. 

(i) On and after the Amendment and Restatement, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof”
or words of like import referring to the Credit Agreement shall mean and be a reference to the Amended and Restated Credit Agreement. 

(ii) Except as specifically amended by this Amendment, the Amended and Restated Credit Agreement and the other Loan Documents
shall remain in full force and effect and are hereby ratified and confirmed. 
 (iii) The execution, delivery and performance
of this Amendment shall not constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of any Agent or Lender under, the Credit Agreement or any of the other Loan Documents. This Amendment and the Amended and
Restated Credit Agreement do not constitute a novation or termination of the Indebtedness and Obligations existing under the Credit Agreement (except for the payment of all Term Loans and Revolving Credit Loans (if any) outstanding immediately prior
to the 2017 Refinancing Effective Date under the Credit Agreement pursuant to and in accordance with Section 4.1(C) which term loans and revolving credit loans are being refinanced with the new Initial Term Loans and new Revolving Credit
Loans, respectively, and the termination of all Existing Revolving Credit Commitments under the Credit Agreement pursuant to and in accordance with Section 4.1(D)). 

  
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 B. Headings. Section and Subsection headings in this Amendment are
included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. 

C. Integration, Governing Law and
Waiver of Jury Trial. The provisions of Sections 10.12 (Integration), 10.16 (Governing Law) and 10.17 (Waiver
of Right to Trial by Jury) of the Amended and Restated Credit Agreement shall apply with like effect to this Amendment. This Amendment is a Loan Document as defined in the Amended and Restated Credit
Agreement. 
 D. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic method of an executed counterpart of a signature page to this Amendment shall be effective as delivery of an
original executed counterpart of this Amendment. The Administrative Agent may also require that any such documents and signatures delivered by telecopier or other electronic method be confirmed by a manually signed original thereof; provided
that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier or other electronic method. 

E. Severability. If any provision of this Amendment is held to be illegal, invalid or unenforceable, the legality,
validity and enforceability of the remaining provisions of this Amendment shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction. 
 F. Post-Effective Requirements. 

(a) Within 60 days after the 2017 Amendment Effective Date (or such later date acceptable to the Administrative Agent in its sole discretion
in writing), the Borrower shall deliver to the Administrative Agent: 
 (i) Mortgage amendments reflecting the amendment of
the Obligations contemplated hereby (the “Mortgage Amendments”) or new mortgages reflecting the Obligations contemplated hereby, each in form and substance reasonably satisfactory to the Administrative Agent, with respect to each
Mortgaged Property, each duly executed and delivered by an authorized officer of each party thereto and in form suitable for filing and recording in all filing or recording offices that the Administrative Agent may deem necessary or desirable. 

  
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 (ii) In connection with any Mortgage Amendment delivered pursuant to clause
(i) above, date-down, modification, so-called “non-impairment” or other endorsements reasonably satisfactory to the Administrative Agent with respect to
the applicable title insurance policy delivered in connection with each Mortgage, and in connection with any new mortgages delivered pursuant to clause (i), new title insurance policies each in form and substance reasonably satisfactory to
Administrative Agent. 
 (iii) Legal opinions relating to the amendments to the Mortgages or new mortgages, as applicable,
described in clause (i) above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. 

(iv) Evidence that the reasonable fees, costs and expenses have been paid, to the extent invoiced, in connection with the
preparation, execution, filing and recordation of the items delivered pursuant to this paragraph (F), including, without limitation, reasonable attorneys’ fees, title insurance premiums, filing and recording fees, title insurance company
coordination fees, documentary stamp, mortgage and intangible taxes and title search charges and other charges incurred in connection herewith. 

[Remainder of this page intentionally left blank.] 

  
 10 

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

							
	BORROWER:	 		 	PINNACLE FOODS FINANCE LLC
				
		 		 	By:	 	 /s/ Craig Steeneck

		 		 		 	 Name:  Craig Steeneck

		 		 		 	 Title:    Executive Vice President & Chief Financial Officer

  
 Fifth Amendment to Second
Amended and Restated Credit Agreement 

							
	GUARANTORS:	 		 	PINNACLE FOODS INC.
				
		 		 	By:	 	 /s/ Craig Steeneck

		 		 		 	 Name:  Craig Steeneck

		 		 		 	 Title:    Executive Vice President & Chief Financial Officer

			
		 		 	PEAK FINANCE HOLDINGS LLC
				
		 		 	By:	 	 /s/ Craig Steeneck

		 		 		 	 Name:  Craig Steeneck

		 		 		 	 Title:    Executive Vice President & Chief Financial Officer

			
		 		 	PINNACLE FOODS FINANCE CORP.
				
		 		 	By:	 	 /s/ Craig Steeneck

		 		 		 	 Name:  Craig Steeneck

		 		 		 	 Title:    Executive Vice President & Chief Financial Officer

			
		 		 	PINNACLE FOODS GROUP LLC
				
		 		 	By:	 	 /s/ Craig Steeneck

		 		 		 	 Name:  Craig Steeneck

		 		 		 	 Title:    Executive Vice President & Chief Financial Officer

			
		 		 	PINNACLE FOODS INTERNATIONAL CORP.
				
		 		 	By:	 	 /s/ Craig Steeneck

		 		 		 	 Name:  Craig Steeneck

		 		 		 	 Title:    Executive Vice President & Chief Financial Officer

  
 Fifth Amendment to Second
Amended and Restated Credit Agreement 

 
			
	BIRDS EYE FOODS, INC.
		
	By:	 	 /s/ Craig Steeneck

		 	Name: Craig Steeneck
		 	Title:   Executive Vice President & Chief Financial Officer
	
	AVIAN HOLDINGS LLC
		
	By:	 	 /s/ Craig Steeneck

		 	Name: Craig Steeneck
		 	Title:   Executive Vice President & Chief Financial Officer
	
	BIRDS EYE FOODS LLC
		
	By:	 	 /s/ Craig Steeneck

		 	Name: Craig Steeneck
		 	Title:   Executive Vice President & Chief Financial Officer
	
	KENNEDY ENDEAVORS, INCORPORATED
		
	By:	 	 /s/ Craig Steeneck

		 	Name: Craig Steeneck
		 	Title:   Executive Vice President & Chief Financial Officer
	
	SEASONAL EMPLOYERS, INC.
		
	By:	 	 /s/ Craig Steeneck

		 	Name: Craig Steeneck
		 	Title:   Executive Vice President & Chief Financial Officer
	
	GLK HOLDINGS, INC.
		
	By:	 	 /s/ Craig Steeneck

		 	Name: Craig Steeneck
		 	Title:   Executive Vice President & Chief Financial Officer

  
 Fifth Amendment to Second
Amended and Restated Credit Agreement 

 
			
	GLK, LLC
		
	By:	 	 /s/ Craig Steeneck

		 	Name: Craig Steeneck
		 	Title:   Executive Vice President & Chief Financial Officer
	
	PINNACLE FOODS FORT MADISON LLC
		
	By:	 	 /s/ Craig Steeneck

		 	Name: Craig Steeneck
		 	Title:   Executive Vice President & Chief Financial Officer
	
	BOULDER BRANDS, INC.
		
	By:	 	 /s/ Kelley Maggs

		 	Name: Kelley Maggs
		 	Title:   Executive Vice President
	
	BOULDER BRANDS USA, INC.
		
	By:	 	 /s/ Kelley Maggs

		 	Name: Kelley Maggs
		 	Title:    Executive Vice President

  
 Fifth Amendment to Second
Amended and Restated Credit Agreement 

 
			
	 BARCLAYS BANK PLC,
 as
Administrative Agent, Revolving Credit Lender, Swing Line Lender, Initial Term Lender, and L/C Issuer

		
	By:	 	 /s/ Ritam Bhalla

		 	Name: Ritam Bhalla
		 	Title:   Director

  

			
	Lender Notice Address:
	
	  

	  

	  

		
	Attn:	 	  

	Telephone:	 	  

	Facsimile:	 	  

  
 Fifth Amendment to Second
Amended and Restated Credit Agreement 

 
			
	 BANK OF AMERICA, N.A.
 as
Initial Term Lender, Revolving Credit Lender and L/C Issuer

		
	By:	 	 /s/ Aashish Dhakad

		 	 Name:  Aashish Dhakad

		 	 Title:    Director

  

			
	Lender Notice Address:
	
	  

	  

	  

		
	Attn:	 	  

	Telephone:	 	  

	Facsimile:	 	  

  
 Fifth Amendment to Second
Amended and Restated Credit Agreement 

 REVOLVING CREDIT LENDER SIGNATURE PAGE FOR THE FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

 By its execution and delivery of this signature page, the Revolving Credit Lender named below hereby consents to the Amendment. 

 

			
	Name of Revolving Credit Lender:
	
	[Lender signature pages are on file with the Administrative Agent]
		
	By:	 	  

		
	Name:	 	
		
	Title:	 	
	
	For any Revolving Credit Lender requiring a second signature block:
		
	By:	 	  

		
	Name:	 	
		
	Title:	 	

  

			
	Lender Notice Address:
	
	  

	  

	  

		
	Attn:	 	  

	Telephone:	 	  

	Facsimile:	 	  

  
 Fifth Amendment to Second
Amended and Restated Credit Agreement 

 Exhibit A 

Amended & Restated Credit Agreement 

See attached.

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