Document:

EX-4.4

 Exhibit 4.4 
 SECOND SUPPLEMENTAL INDENTURE 
 Dated as of November 7, 2012 

to 
 INDENTURE

 Dated as of February 14, 2012 
 between 
 KENNAMETAL INC., 

as Issuer 
 and

 U.S. BANK NATIONAL ASSOCIATION, 
 as Trustee 

 TABLE OF CONTENTS 

 

PAGE 
  

							
	ARTICLE 1	  			
	DEFINITIONS	  			
			
	 Section 1.01 .
	 	Definition of Terms	  	 	1	  
		
	ARTICLE 2	  			
	GENERAL TERMS AND CONDITIONS OF THE
NOTES	  			
			
	 Section 2.01 .
	 	Designation and Principal Amount	  	 	8	  
	 Section 2.02 .
	 	Maturity	  	 	9	  
	 Section 2.03 .
	 	Form and Payment	  	 	9	  
	 Section 2.04 .
	 	Interest	  	 	10	  
		
	ARTICLE 3	  			
	REDEMPTION OF THE NOTES	  			
			
	 Section 3.01 .
	 	Optional Redemption	  	 	10	  
	 Section 3.02 .
	 	No Sinking Fund	  	 	11	  
	 Section 3.03 .
	 	Change of Control Offer	  	 	11	  
		
	ARTICLE 4	  			
	 Section 4.01 .
	 	Events of Default	  	 	12	  
		
	ARTICLE 5	  			
	COVENANTS	  			
			
	 Section 5.01 .
	 	Amendments to Article 10 of the Base Indenture	  	 	13	  
		
	ARTICLE 6	  			
	CONSOLIDATION, MERGER, LEASE, SALE OR TRANSFER	  			
			
	 Section 6.01 .
	 	Amendments to Article 8 of the Base Indenture	  	 	14	  
		
	ARTICLE 7	  			
	FORM OF NOTES	  			
			
	 Section 7.01 .
	 	Form of Notes	  	 	14	  

  
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	ARTICLE 8	  			
	ORIGINAL ISSUE OF NOTES	  			
			
	 Section 8.01 .
	 	Original Issue of Notes	  	 	15	  
		
	ARTICLE 9	  			
	MISCELLANEOUS	  			
			
	 Section 9.01 .
	 	Ratification of Indenture	  	 	15	  
	 Section 9.02 .
	 	Trustee Not Responsible for Recitals	  	 	15	  
	 Section 9.03 .
	 	Governing Law	  	 	15	  
	 Section 9.04 .
	 	Severability	  	 	15	  
	 Section 9.05 .
	 	Counterparts	  	 	15	  
		 		  			
	EXHIBITS	 		  			
			
	Exhibit A	 	Form of Senior Notes	  			

  

  
 ii 

 SECOND SUPPLEMENTAL INDENTURE, dated as of November 7, 2012 (the “Second
Supplemental Indenture”), between KENNAMETAL INC., a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, as trustee (the
“Trustee”). 
 WHEREAS, the Company executed and delivered the indenture dated as of February 14, 2012
(the “Base Indenture”), to the Trustee to provide for the future issuance of the Company’s unsecured debentures, notes or other evidence of indebtedness (the “Securities”), to be issued from time to time in one
or more series as determined by the Company under the Base Indenture; 
 WHEREAS, pursuant to the terms of the Base Indenture,
the Company desires to provide for the establishment of a new series of its Securities to be known as its 2.650% Senior Notes due 2019 (the “Notes”), the form and substance of such Notes and the terms, provisions and conditions
thereof to be set forth as provided in the Base Indenture and this Second Supplemental Indenture (together, the “Indenture”); and 
 WHEREAS, the Company has requested that the Trustee execute and deliver this Second Supplemental Indenture and all requirements necessary to make this Second Supplemental Indenture a valid instrument in
accordance with its terms, and to make the Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid obligations of the Company, and all acts and things necessary have been done and performed to make this Second
Supplemental Indenture enforceable in accordance with its terms, and the execution and delivery of this Second Supplemental Indenture has been duly authorized in all respects. 
 NOW THEREFORE, in consideration of the purchase and acceptance of the Notes by the Holders thereof, and for the purpose of setting forth, as provided in the Indenture, the form and substance of the Notes
and the terms, provisions and conditions thereof, the Company covenants and agrees with the Trustee as follows: 
 ARTICLE 1

 DEFINITIONS 
 Section 1.01. Definition of Terms. Unless the context otherwise requires: 
 (a) a term defined in the Base Indenture has the same meaning when used in this Second Supplemental Indenture; 

  
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 (b) a term defined anywhere in this Second Supplemental Indenture has the same meaning
throughout; 
 (c) a term defined in both the Base Indenture and in this Second Supplemental Indenture shall have the meaning set
forth in this Second Supplemental Indenture; 
 (d) the singular includes the plural and vice versa; 

(e) headings are for convenience of reference only and do not affect interpretation; and 

(f) the following terms have the meanings given to them in this Section 1.01(f): 

“Capital Stock” of any Person means any and all shares, interests, participations or other equivalents of or interests
in (however designated) equity of such Person, including any preferred stock, but excluding any debt securities convertible into such equity. 
 “Capitalized Lease Obligation” means an obligation that is required to be classified and accounted for as a capitalized lease for financial reporting purposes in accordance with GAAP, and
the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation determined in accordance with such principles. 
 “Change of Control” means the occurrence of any of the following: 
  

	 	(1)	the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or more series of related
transactions, of all or substantially all of the Company’s assets and the assets of the Company’s Subsidiaries, taken as a whole, to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the
Company or one of the Company’s Subsidiaries; 

  

	 	(2)	 the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as
that term is used in Section 13(d)(3) of the Exchange Act), other than the Company or one of the Company’s Subsidiaries, becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of
more than 50% of the Company’s then outstanding Voting Stock or other Voting Stock into which the Company’s Voting Stock is 

  
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reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; 

 

	 	(3)	The Company consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or into, the Company, in any such event pursuant to a
transaction in which any of the outstanding Voting Stock of the Company or such other Person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Voting Stock of the Company
outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving Person immediately after giving effect to such transaction; 

 

	 	(4)	the first day on which a majority of the members of the Board of Directors are not Continuing Directors; or 

 

	 	(5)	the adoption of a plan relating to the Company’s liquidation or dissolution. 

Notwithstanding the foregoing, a transaction will not be considered to be a Change of Control if (a) the Company becomes a direct or
indirect wholly-owned Subsidiary of a holding company and (b)(x) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are substantially the same as the holders of the Company’s Voting
Stock immediately prior to that transaction or (y) immediately following that transaction, no Person is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Rating Event that relates to
such Change of Control. 
 “Comparable Treasury Issue” means the United States Treasury security selected by
the Independent Investment Banker as having a maturity comparable to the remaining term of the Notes to be redeemed that would be used, at the time of selection and in accordance with customary market practice, in pricing new issues of corporate
debt securities of comparable maturity to the remaining term of the Notes. 
 “Comparable Treasury Price”
means, with respect to any Redemption Date: (i) the average of the bid and asked prices for the Comparable Treasury Issue (expressed as a percentage of its principal amount) on the third Business Day preceding the Redemption Date, as set forth
in the daily statistical release (or any successor release) published by the Federal Reserve Bank of New York and designated “Composite 3:30 p.m. Quotations for U.S. Government Securities,” or

  
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(ii) if such release (or any successor release) is not published or does not contain such prices on such Business Day, (A) the average of the Reference Treasury Dealer Quotations for such
Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (B) if the Trustee obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer
Quotations so received. 
 “Consolidated Net Worth” means the excess of assets over liabilities of the Company
and its consolidated subsidiaries, plus minority interest, as determined from time to time in accordance with GAAP. 

“Consolidated Tangible Assets” means, on the date of any determination, total assets less goodwill and other intangible
assets of the Company and its consolidated subsidiaries, in each case as set forth on the most recently available consolidated balance sheet of the Company and its consolidated subsidiaries in accordance with GAAP. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors who: 

 

	 	(1)	was a member of such Board of Directors on the first date that any of the Notes were issued; or 

 

	 	(2)	was nominated for election, elected or appointed to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board
of Directors at the time of such nomination, election or appointment (either by a specific vote or by approval of a proxy statement in which such member was named as a nominee for election as a director). 

“GAAP” means generally accepted accounting principles in the United States of America as in effect as of the date of
this Second Supplemental Indenture, including those set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board or in such other statements by such other entity as approved by a significant segment of the accounting profession. All ratios and computations based on GAAP contained in the Indenture will be computed in conformity with
GAAP. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company.

 “Issue Date” means the first date on which a Note is authenticated by the Trustee pursuant to this Second
Supplemental Indenture. 

  
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 “Permitted Liens” means, with respect to any Person: (i) Liens
existing on the Issue Date; (ii) Liens on property or assets of, or any shares of stock of or secured debt of, any corporation existing at the time such corporation becomes a Restricted Subsidiary of the Company or any of its Restricted
Subsidiaries or at the time such corporation is merged into the Company or any of its Restricted Subsidiaries; (iii) Liens in favor of the Company or any of its Restricted Subsidiaries; (iv) Liens in favor of governmental bodies to secure
progress or advance payments; (v) Liens securing industrial revenue or pollution control bonds; (vi) Liens on Property to secure Indebtedness incurred for the purpose of (a) financing all or any part of the purchase price of such
Property incurred prior to, at the time of, or within 180 days after, the acquisition of such Property or (b) financing all or any part of the cost of construction, improvement, development or expansion of any such Property;
(vii) statutory liens or landlords’, carriers’, warehouseman’s, mechanics’, suppliers’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business and with respect to amounts not
yet delinquent or being contested in good faith by appropriate proceedings, if a reserve or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made therefor; (viii) Liens incurred in connection
with any accounts receivable programs up to an aggregate of $125 million; (ix) Liens on current assets of the Company or its Restricted Subsidiaries securing Indebtedness of the Company or its Restricted Subsidiaries and Liens in connection
with Sale and Leaseback Transactions; provided that at the time of the incurrence of such Indebtedness or the entering into of such Sale and Leaseback Transaction, the aggregate amount of Indebtedness (other than Indebtedness secured by Liens
described in clauses (i) through (viii) above) of the Company and its Restricted Subsidiaries secured by Liens does not exceed 10% of Consolidated Tangible Assets; and (x) any extensions, substitutions, replacements or renewals in
whole or in part of a Lien (an “existing Lien”) enumerated in clauses (i) through (ix) above; provided that the Lien may not extend beyond (A) the Property or Indebtedness subject to the existing Lien and
(B) improvements and construction on such Property and the Indebtedness secured by the Lien may not exceed the Indebtedness secured at the time by the existing Lien. 
 “Principal Property” means any manufacturing plant or warehouse owned or leased by the Company or any of its Subsidiaries, the gross book value of which exceeds four percent of
Consolidated Net Worth, other than manufacturing plants and warehouses which the Board of Directors by resolution declares, together with all other plants and warehouses previously so declared, is not of material importance to the total business
conducted by the Company and its Restricted Subsidiaries as an entirety. 
 “Property” of any Person means all
types of real, personal, tangible, intangible or mixed property owned by such Person whether or not included in the 

  
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most recent consolidated balance sheet of the Company and its consolidated subsidiaries under GAAP. 
 “Rating Agencies” mean: 
  

	 	(1)	each of Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its successors, and Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc., and its successors; and 

  

	 	(2)	if either such Rating Agency ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a
substitute Rating Agency chosen by the Company. 

 “Rating Event” means with respect to a Change
of Control, if the Notes carry immediately prior to the first public announcement of the occurrence of such Change of Control or of the intention to effect such Change of Control: 

 

	 	(1)	an investment grade credit rating (BBB-/Baa3, or equivalent, or better) from both Rating Agencies, and the rating from both Rating Agencies is, within 60 days of the
earlier of the occurrence of such Change of Control or the first public announcement of the intention to effect such Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for
possible downgrade by either Rating Agency), either downgraded to a non-investment grade credit rating (BB+/Bal or equivalent, or worse) or withdrawn and is not within such period subsequently (in the case of a downgrade) upgraded to an investment
grade credit rating or (in the case of a withdrawal) replaced by an investment grade credit rating; 

  

	 	(2)	a non-investment grade credit rating (BB+/Bal, or equivalent, or worse) from both Rating Agencies, and the rating from both Rating Agencies is, within 60 days of the
earlier of the occurrence of such Change of Control or the first public announcement of the intention to effect such Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for
possible downgrade by either Rating Agency), either downgraded by one or more notches (for illustration, Bal to Ba2 being one notch) or withdrawn and is not within such period subsequently upgraded to its earlier credit rating or better by both
Rating Agencies; or 

  
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	 	(3)	both (i) an investment grade credit rating (BBB-/Baa3, or equivalent, or better) from one Rating Agency, and the rating is, within 60 days of the earlier of the
occurrence of such Change of Control or the first public announcement of the intention to effect such Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible
downgrade by either Rating Agency), either downgraded to a non-investment grade credit rating (BB+/Bal, or equivalent, or worse) or withdrawn and is not within such period subsequently (in the case of a downgrade) upgraded to an investment grade
credit rating by such Rating Agency or (in the case of a withdrawal) replaced by an investment grade credit rating from such Rating Agency and (ii) a non-investment grade credit rating (BB+/Bal, or equivalent, or worse) from the other Rating
Agency, and the rating is, within 60 days of the earlier of the occurrence of such Change of Control or the first public announcement of the intention to effect such Change of Control (which period shall be extended so long as the rating of the
Notes is under publicly announced consideration for possible downgrade by either Rating Agency), either downgraded by one or more notches (for illustration, Ba1 to Ba2 being one notch) or withdrawn and is not within such period subsequently upgraded
to its earlier credit rating or better by such Rating Agency; 

 provided that in making the relevant decision(s) referred to
above to downgrade or withdraw such ratings, as applicable, the relevant Rating Agency announces publicly or confirms in writing to the Company that such decision(s) resulted, in whole or in part, from the occurrence of such Change of Control or the
first public announcement of the intention to effect such Change of Control. 
 “Reference Treasury Dealer”
means each of J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S.
government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute therefor another Primary Treasury Dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Trustee, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third Business Day preceding such
Redemption Date. 

  
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 “Restricted Subsidiary” means any Subsidiary of the Company that is not an
Unrestricted Subsidiary. 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per annum
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption
Date. 
 “Unrestricted Subsidiary” means (1) any Subsidiary not organized under the laws of a state of the
United States or the District of Columbia and any Subsidiary of such Subsidiary which is not organized under the laws of a state of the United States or the District of Columbia and (2) any Subsidiaries that at the time of determination shall
be designated an Unrestricted Subsidiary by the Board of Directors and any Subsidiary of such Subsidiary. The Board of Directors may designate any Subsidiaries (including any newly-acquired or newly-formed Subsidiary) organized under the laws of a
state of the United States or of the District of Columbia to be an Unrestricted Subsidiary unless such Subsidiary owns any Capital Stock of, or owns or holds any Property of, the Company or any other Restricted Subsidiary, provided, however, that
the Subsidiary to be so designated has total assets of $35,000,000 or less. 
 “Voting Stock” means, with
respect to any specified Person as of any date, the Capital Stock of such Person (whether now or hereafter authorized, regardless of whether such Capital Stock shall be limited to a fixed sum or percentage with respect to the rights of the holders
thereof to participate in dividends and in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of such corporation) that is at the time entitled to vote generally in the election of the board of
directors of such person. 
 ARTICLE 2 
 GENERAL TERMS AND CONDITIONS OF THE NOTES 

Section 2.01. Designation and Principal Amount. The Notes are hereby authorized and are designated the 2.650% Senior Notes
due 2019, unlimited in aggregate principal amount. The Notes issued on the date hereof pursuant to the terms of this Indenture will be in an aggregate principal amount of $400,000,000, which amount shall be set forth in the written order of the
Company for the authentication and delivery of the Notes pursuant to Section 3.03 of the Base Indenture. In addition, the Company may issue, from time to time in accordance with the provisions of this Indenture, additional Notes ranking equally
and ratably with the Notes issued hereunder in all respects (or in all respects except for the payment of interest following the Issue Date of such further Notes), so that such 

  
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further Notes shall be consolidated and form a single series with the Notes and shall be governed by the terms of this Indenture. 

Section 2.02. Maturity. The principal amount of the Notes will be payable on November 1, 2019. 

Section 2.03. Form and Payment. The Notes will be issued as global notes, in fully registered book-entry form without coupons
in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 Principal, premium, if any, and/or interest,
if any, on the global notes representing the Notes will be made to The Depository Trust Company (the “Depositary”). 
 The global notes representing the Notes will be deposited with, or on behalf of, the Depositary and will be registered in the name of the Depositary or a nominee of the Depositary. No global note may be
transferred except as a whole by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or such nominee to a successor of the Depositary or a nominee of such successor. 

So long as the Depositary or its nominee is the registered owner of a global note, the Depositary or its nominee, as the case may be,
will be the sole Holder of the Notes represented thereby for all purposes under the Indenture. Except as otherwise provided herein, each actual purchaser of each Note represented by a global note (“Beneficial Owner”) will not be
entitled to receive physical delivery of certificated Notes and will not be considered the holders thereof for any purpose under the Indenture, and no global note representing the Notes shall be exchangeable or transferable. Accordingly, each
Beneficial Owner must rely on the procedures of the Depositary and, if such Beneficial Owner is not a participant, on the procedures of the participant through which such Beneficial Owner owns its interest in order to exercise any rights of a Holder
under such global note or the Indenture. 
 The global notes representing the Notes will be exchangeable for certificated Notes
of like tenor and terms and of differing authorized denominations aggregating a like principal amount, only if (i) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for the global notes, (ii) the
Depositary ceases to be a clearing agency registered under applicable law and a successor to the Depositary is not appointed by the Company within 90 days, (iii) the Company in its sole discretion determines that the global notes shall be
exchangeable for certificated Notes and notifies the Trustee of such determination or (iv) there shall have occurred and be continuing an Event of Default under the Indenture with respect to the Notes. Upon any such exchange, the certificated
Notes shall be registered in the names of the Beneficial 

  
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Owners of the global notes representing the Notes, which names shall be provided by the Depositary’s relevant participants (as identified by the Depositary) to the Trustee. In such event the
Company will execute, and subject to Section 3.03 of the Base Indenture, the Trustee, upon receipt of an Officer’s Certificate evidencing such determination by the Company, will authenticate and deliver the Notes in definitive registered
form without coupons, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the global notes in exchange for such global notes. Upon the exchange of the global notes for such Notes in definitive
registered form without coupons, in authorized denominations, the global notes shall be cancelled by the Trustee. Such Notes in definitive registered form issued in exchange for the global notes shall be registered in such names and in such
authorized denominations as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee. The Trustee shall deliver such Notes to the Depositary for delivery to the Persons in whose names
such Notes are so registered. 
 Section 2.04. Interest. The Notes shall bear interest at a rate equal to
2.650% per annum. Interest on the Notes shall accrue from November 7, 2012, or from the most recent interest payment date to which interest has been paid or duly provided upon for the Notes, as the case may be. Interest on the Notes shall
be payable semi-annually in arrears on May 1 and November 1, commencing May 1, 2013 (each an “Interest Payment Date”), to the persons in whose names the Notes are registered at the close of business on April 15
and October 15 (even if such date is not a Business Day), as the case may be, preceding such Interest Payment Date. 

ARTICLE 3 

REDEMPTION OF THE NOTES 

Section 3.01. Optional Redemption. The Notes will be redeemable, in whole or in part, at the option of the Company at any
time, upon not less than 30 nor more than 60 days’ notice. 
 If the Redemption Date occurs before the date that is one
month prior to the Stated Maturity, the Company will pay the Holders of the Notes being redeemed a Redemption Price equal to the greater of (i) 100% of the principal amount of their redeemed Notes, or (ii) as determined by the Independent
Investment Banker, the sum of the present values of the remaining principal amount and scheduled payments of interest on the Notes to be redeemed (not including the portion of any such payments of interest accrued as of the Redemption Date),
discounted to the Redemption Date in accordance with customary market practice on a semi-annual basis (assuming a 360-day year 

  
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consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points, plus, in each case, accrued and unpaid interest thereon to the Redemption Date. 

If the Redemption Date occurs on or after the date that is one month prior to the Stated Maturity, the Company will pay the Holders of
the Notes being redeemed a Redemption Price equal to 100% of the principal amount of their redeemed Notes, plus accrued and unpaid interest thereon to the Redemption Date. 
 Unless the Company defaults in payment of the Redemption Price, on and after the Redemption Date, interest will cease to accrue on the Notes, or portions thereof called for redemption. If less than all of
the Notes are to be redeemed, the Trustee will select the Notes to be redeemed by such method as the Trustee shall deem fair and appropriate. The Trustee may select for redemption Notes and portions of the Notes in principal amounts of $2,000 and
any integral multiple of $1,000 in excess thereof. 
 Section 3.02. No Sinking Fund. The Notes are not entitled to
the benefit of any sinking fund. 
 Section 3.03. Change of Control Offer.  

(a) If a Change of Control Triggering Event occurs, each Holder of the Notes will have the right to require the Company to purchase all or
a portion (equal to $2,000 principal amount and any integral multiples of $1,000 in excess thereof) of such Holder’s Notes pursuant to the offer described below (a “Change of Control Offer”) at a purchase price equal to 101% of
the aggregate principal amount of the Notes repurchased, plus accrued and unpaid interest, if any, to the date of repurchase (the “Change of Control Payment”), subject to the rights of Holders of Notes on the relevant record date to
receive interest due on the relevant Interest Payment Date. 
 (b) The Company will be required to send a notice to each Holder
of the Notes by first-class mail, with a copy to the Trustee, within 30 days following the date upon which any Change of Control Triggering Event occurred, or at the Company’s option, prior to any Change of Control but after the public
announcement of the pending Change of Control. The notice will govern the terms of the Change of Control Offer and will describe, among other things, the transaction that constitutes or may constitute the Change of Control Triggering Event and the
purchase date. The purchase date will be at least 30 days but no more than 60 days from the date such notice is mailed, other than as may be required by law (a “Change of Control Payment Date”). If the notice is mailed prior to the
date of consummation of the Change of Control, the notice will state that the Change of Control Offer is conditioned on the Change of Control being consummated on or prior to the Change of Control Payment Date. 

  
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 (c) On the Change of Control Payment Date, the Company will, to the extent lawful:

 (i) accept for payment all properly tendered Notes or portions of Notes not validly withdrawn; 

(ii) deposit with the Paying Agent the required payment for all properly tendered Notes or portions of Notes not validly
withdrawn; and 
 (iii) deliver or cause to be delivered to the Trustee the repurchased Notes, accompanied by an
Officer’s Certificate stating, among other things, the aggregate principal amount of repurchased Notes. 
 (d) The Company
will not be required to make a Change of Control Offer with respect to the Notes upon the occurrence of a Change of Control Triggering Event if a third party makes a Change of Control Offer in the manner, at the times and otherwise in compliance
with the requirements for such an offer made by the Company and the third party purchases all Notes properly tendered and not withdrawn under its Change of Control Offer. 
 (e) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder, to the extent those laws and regulations are applicable,
in connection with the repurchase of Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the Notes, the
Company will comply with those securities laws and regulations and will not be deemed to have breached the Company’s obligations under the Change of Control Offer provisions of the Notes by virtue of any such conflict. 

ARTICLE 4 

EVENTS OF DEFAULT 
 Section 4.01. Events of Default. Pursuant to Section 5.01(g) of the Base Indenture, “Event of Default” in respect of the Notes and only in respect of the Notes shall be
deemed to include any failure by the Company to make a Change of Control Offer and thereafter accept and pay for the Notes tendered when and as required in accordance with Section 3.03 of this Second Supplemental Indenture. 

  
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 ARTICLE 5 
 COVENANTS 
 Section 5.01. Amendments to Article 10 of the
Base Indenture. Article 10 of the Base Indenture is hereby amended in respect of the Notes and only in respect of the Notes by adding Sections 10.09, 10.10 and 10.11 as follows: 

SECTION 10.09. LIMITATION ON LIENS. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, create, incur or otherwise cause to exist
or become effective any Liens (other than Permitted Liens) of any kind upon any asset now owned or hereafter acquired unless all payments due under the Indenture and the Notes are secured on an equal and ratable basis with the obligations so secured
until such time as such obligations are no longer secured by a Lien. 
 SECTION 10.10. LIMITATION ON SALE AND
LEASEBACK TRANSACTIONS. 
 Neither the Company nor any Restricted Subsidiary will enter into any sale and
leaseback transaction with respect to any Principal Property (except for temporary leases of a term, including renewals, not exceeding five years) unless either (a) the Company or such Restricted Subsidiary would be entitled, pursuant to the
provisions of the Indenture as supplemented, to incur Indebtedness secured by a Lien on the property to be leased without equally and ratably securing the Notes, or (b) the Company within 180 days after the effective date of such transaction
applies to the voluntary retirement of its funded debt an amount equal to the value of such transaction, defined as the greater of the net proceeds of the sale of the property leased in such transaction or the fair value, in the opinion of the Board
of Directors, of the leased property at the time such transaction was entered into. 
 SECTION 10.11. WAIVER OF
CERTAIN COVENANTS. 
 Compliance with Sections 10.09 and 10.10 may not be waived by the Trustee unless the
Holders of at least a majority in aggregate principal amount of the Notes Outstanding consent to such waiver; provided, however, that the Company need not comply with Sections 10.09 and 10.10 in the event it elects to comply with Section 13.02
or Section 13.03 of this Indenture. 

  
 13 

 ARTICLE 6 
 CONSOLIDATION, MERGER, LEASE, SALE OR TRANSFER 

Section 6.01. Amendments to Article 8 of the Base Indenture. Article 8 of the Base Indenture is hereby amended in respect of
the Notes and only in respect of the Notes by deleting Section 8.01 in its entirety and replacing it with Section 8.01 as follows: 
 SECTION 8.01. WHEN COMPANY MAY MERGE, ETC. 
 The Company shall not
merge or consolidate with or into, or sell, lease, convey or otherwise dispose of all or substantially all of its assets or assign any of its obligations under this Indenture or under the Second Supplemental Indenture, dated as of November 7,
2012 (the “Second Supplemental Indenture”) to another entity unless: 
 (1) the entity formed by
or surviving any such consolidation or merger (if other than the Company), or to which such sale, lease, conveyance or other disposition shall have been made (the “Surviving Entity”), is a corporation organized and existing under
the laws of the United States, any state thereof, or the District of Columbia; 
 (2) the Surviving Entity
expressly assumes the obligations of the Company to pay the principal (and premium, if any) and interest on the Notes (as defined in the Second Supplemental Indenture) and to perform and observe all the covenants and conditions of this Indenture and
the Second Supplemental Indenture; and 
 (3) immediately after giving effect to such transaction, no Default or
Event of Default shall have occurred and be continuing. 
 ARTICLE 7 

FORM OF NOTES 
 Section 7.01. Form of Notes. The Notes and the Trustee’s Certificates of Authentication to be endorsed thereon are to be substantially in the form of Exhibit A, which form is hereby
incorporated in and made a part of this Second Supplemental Indenture. 
 The terms and provisions contained in the Notes shall
constitute, and are hereby expressly made, a part of this Second Supplemental Indenture, and the Company and the Trustee, by their execution and delivery of this Second Supplemental Indenture, expressly agree to such terms and provisions and to be
bound thereby. 

  
 14 

 ARTICLE 8 
 ORIGINAL ISSUE OF NOTES 
 Section 8.01. Original Issue of Notes. Notes in the aggregate principal amount of $400,000,000 may, upon execution of this Second Supplemental Indenture, be executed by the Company and
delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Notes to or upon Company Order. 
 ARTICLE 9 
 MISCELLANEOUS 

Section 9.01. Ratification of Indenture. The Base Indenture, as supplemented by this Second Supplemental Indenture, is in all
respects ratified and confirmed, and this Second Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 
 Section 9.02. Trustee Not Responsible for Recitals. The recitals herein contained are made by the Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness
thereof. The Trustee makes no representation as to the validity or sufficiency of this Second Supplemental Indenture. 

Section 9.03. Governing Law. This Second Supplemental Indenture and each Note shall be deemed to be a contract made under the
laws of the State of New York, and the rights and duties of the parties hereunder and thereunder shall be governed by, and construed in accordance with, the law of the State of New York. 

Section 9.04. Severability. In case any one or more of the provisions contained in this Second Supplemental Indenture or in
the Notes shall for any reason be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall not in any way be affected or
impaired thereby, it being intended that all of the provisions of this Second Supplemental Indenture or of the Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

Section 9.05. Counterparts. This Second Supplemental Indenture may be executed in any number of counterparts each of which
shall be an original; but such counterparts shall together constitute but one and the same instrument. 
 [remainder of the
page left intentionally blank] 

  
 15 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be
duly executed, and their respective corporate seals to be affixed and attested, on the date or dates indicated in the acknowledgments and as of the day and year first above written. 

 

					
	KENNAMETAL INC., as Issuer
		
	 By:
	 	/s/ Brian E. Kelly
		 	Name:	 	Brian E. Kelly
		 	Title:	 	Vice President, Tax & Treasury, and Treasurer

  

					
	 U.S. BANK NATIONAL ASSOCIATION, as Trustee

		
	By:	 	/s/ Robert Pavlovic
		 	Name:	 	Robert Pavlovic
		 	Title:	 	Vice President

  
 [Signature
Page to Second Supplemental Indenture] 

 EXHIBIT A 
 (FORM OF SENIOR NOTES) 
 This Note is a Global Note within the meaning of
the Indenture hereinafter referred to and is registered in the name of the Depositary or a nominee of the Depositary. This Note is exchangeable for Notes registered in the name of a person other than the Depositary or its nominee only in the limited
circumstances described in the Indenture, and no transfer of this Note (other than a transfer of this Note as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the
Depositary) may be registered except in limited circumstances. 
 Unless this Note is presented by an authorized representative
of The Depository Trust Company, a New York corporation (55 Water Street, New York, New York), to the issuer or its agent for registration of transfer, exchange or payment, and any Note issued is registered in the name of Cede & Co. or in
such other name as is requested by an authorized representative of The Depository Trust Company (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of The Depository Trust Company),
ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 

 FORM OF SENIOR NOTES 
 KENNAMETAL INC. 
 2.650% Senior Notes due 2019 

 

					
	 No. 1
	  	 	$400,000,000	  
	 CUSIP No: 489170 AD2
	  			

 KENNAMETAL INC., a corporation duly organized and existing under the laws of the Commonwealth of
Pennsylvania (the “Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
Four Hundred Million dollars ($400,000,000) on November 1, 2019 (such date is hereinafter referred to as the “Maturity Date”), and to pay interest on said principal sum from November 7, 2012, or from the most recent
interest payment date (each such date, an “Interest Payment Date”) to which interest has been paid or duly provided for, semi-annually in arrears on May 1 and November 1 of each year, commencing on May 1, 2013, at the
rate of 2.650% per annum until the principal hereof shall have become due and payable. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in
whose name this Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest which shall be the close of business on the April 15 or October 15 (whether or not a Business
Day), as the case may be, preceding such Interest Payment Date. Any such interest not punctually paid or duly provided for shall forthwith cease to be payable to the registered Holders on such Regular Record Date and may be paid to the Person in
whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to the registered
Holders of this series of Notes not less than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes of this series may be
listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. The principal of, and premium, if any, and the interest on this Note shall be payable at the office or agency of the Trustee maintained
for that purpose in Pittsburgh, Pennsylvania, in any coin or currency of the United States of America that at the time of payment is legal tender for payment of public and private debts; provided, however, that upon certification of the global note
representing the Notes, payment of interest may be made at the option of the Company by check mailed to the registered Holder at such address as shall appear in the Security Register. 

  
 1 

 The indebtedness evidenced by this Note is, to the extent provided in the Indenture, senior
and unsecured and will rank in right of payment on parity with all other senior unsecured obligations of the Company. Each Holder of this Note by accepting the same, (a) agrees to and shall be bound by such provisions and (b) appoints the
Trustee his or her attorney-in-fact for any and all such purposes. 
 This Note shall not be entitled to any benefit under the
Indenture hereinafter referred to, be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. 

The provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same
effect as though fully set forth at this place. 

  
 2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed. 

Dated: November 7, 2012 
  

			
	KENNAMETAL INC.
		
	By:	 	 
		 	Name:
		 	 Title:

  

			
	Attest:
		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 3 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Notes of the series of Notes described in the within-mentioned Indenture. 

Dated: November 7, 2012 
  

			
	 U.S. BANK NATIONAL ASSOCIATION, as Trustee

		
	 By:
	 	 
		 	 Authorized Signatory

  
 4 

 (REVERSE OF NOTE) 
 KENNAMETAL INC. 
 2.650% Senior Notes due 2019 

This Note is one of a duly authorized series of Securities of the Company (herein sometimes referred to as the
“Securities”) specified in the Indenture (as defined below), all issued or to be issued in one or more series under and pursuant to an Indenture dated as of February 14, 2012 (the “Base Indenture”), duly
executed and delivered between the Company and U.S. Bank National Association, as Trustee (the “Trustee”), as supplemented by a Second Supplemental Indenture, dated November 7, 2012 (the Base Indenture as so supplemented, the
“Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and
the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. By the terms of the Indenture, the Securities are issuable in series that may vary as to amount, date of maturity, rate of
interest and in other respects as provided in the Indenture. 
 The Notes are not entitled to the benefit of any sinking fund.

 The Notes will be redeemable, in whole or in part, at the option of the Company at any time, upon not less than 30 nor more
than 60 days’ notice. If the Redemption Date occurs before the date that is one month prior to the Stated Maturity, the Company will pay the Holders of the Notes being redeemed a Redemption Price equal to the greater of (i) 100% of the
principal amount of their redeemed Notes, or (ii) as determined by the Independent Investment Banker, the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (not including the
portion of any such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date in accordance with customary market practice on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the
Treasury Rate plus 25 basis points, plus, in each case, accrued and unpaid interest thereon to the Redemption Date. If the Redemption Date occurs on or after the date that is one month prior to the Stated Maturity, the Company will pay the Holders
of the Notes being redeemed 100% of the principal amount of their redeemed Notes, plus accrued and unpaid interest on the redeemed thereon to the Redemption Date. Unless the Company defaults in payment of the Redemption Price, on and after the
Redemption Date, interest will cease to accrue on the Notes or portions thereof called for redemption. 
 If less than all of
the Notes of a series are to redeemed, the Trustee will select the Notes to be redeemed by such method as the Trustee shall deem fair and appropriate. The Trustee may select for redemption Notes and portions of Notes

  
 5 

 
in principal amounts of whole multiples of $2,000 and any integral multiple of $1,000 in excess thereof. 
 Upon the occurrence of a Change of Control Triggering Event (as defined in the Indenture), Holders will have the right to require the Company to repurchase the Notes on the terms and conditions set forth
in the Indenture. 
 The Indenture contains provisions for defeasance of (a) the entire indebtedness of this Note and
(b) certain restrictive covenants upon compliance by the Company with certain conditions set forth therein. 
 In case an
Event of Default shall have occurred and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the
Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the Holders of not
less than a majority in aggregate principal amount of the Notes of each series affected at the time Outstanding, to execute supplemental indentures for the purpose of, among other things, adding any provisions to or changing or eliminating any of
the provisions of the Indenture or of any supplemental indenture or of modifying the rights of the Holders of the Notes; provided, however, that, among other things, no such supplemental indenture shall (i) reduce the principal amount thereof,
or reduce the rate or extend the time of payment of interest thereon (subject to the Company’s right to defer such payments in the manner set forth herein), or reduce any premium payable upon the redemption thereof, without the consent of the
Holder of each Note so affected, or (ii) reduce the aforesaid percentage of Notes, the Holders of which are required to consent to any such supplemental indenture, without the consent of the Holders of each Note then Outstanding and affected
thereby. The Indenture also contains provisions permitting, among other things, the Holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding affected thereby, on behalf of all of the Holders of all
Securities of such series, to waive a Default or Event of Default with respect to such series, and its consequences, except a Default or Event of Default in the payment of the principal of or premium, if any, or interest on any of the Securities of
such series. Any such consent or waiver by the registered Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Note and of any Note issued
in exchange for or in place hereof (whether by registration of transfer or otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note. 

  
 6 

 No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and premium, if any, and interest on this Note at the times, place and at the rates and in the money herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, this Note is transferable by the registered Holder
hereof on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Trustee in Pittsburgh, Pennsylvania duly endorsed by, or accompanied by, a written instrument or instruments of
transfer in form satisfactory to the Company or the Trustee duly executed by the registered Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of authorized denominations and for the same aggregate
principal amount and series will be issued to the designated transferee or transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in relation thereto. 
 Prior to due presentment for registration of transfer of this Note, the Company, the Trustee,
any Paying Agent and the Security Registrar may deem and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and notwithstanding any notice of ownership or writing hereon made by anyone other
than the Security Registrar) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other purposes, and neither the Company nor the Trustee nor any Paying Agent nor any
Security Registrar shall be affected by any notice to the contrary. 
 No recourse shall be had for the payment of the principal
of or the interest on this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture, against any incorporator, shareholder, officer or director, past, present or future, as such, of the Company
or of any predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, and such liability being, by the acceptance hereof and as part of the
consideration for the issuance hereof, expressly waived and released. 
 The Indenture imposes certain limitations on the
ability of the Company to, among other things, merge or consolidate with any other Person, sell, assign, transfer or lease all or substantially all of its properties or assets or create or incur liens on certain of its property. All such covenants
and limitations are subject to a number of important qualifications and exceptions. The Company must report periodically to the Trustee on compliance with the covenants in the Indenture. 

  
 7 

 A director, officer, employee or stockholder, as such, of the Company shall not have any
liability for any obligations of the Company under the Notes of this series or the Indenture or for any claim based on, in respect of or by reason of, such obligations or their creation. Each Holder, by accepting a Note, waives and releases all such
liability. The waiver and release are part of the consideration for the issuance of this Note. 
 Pursuant to a recommendation
promulgated by the Committee on Uniform Security Identification Procedures (“CUSIP”), the Company has caused CUSIP numbers to be printed on the Notes. No representation is made as to the correctness or accuracy of such numbers as
printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 
 The Notes of this
series are issuable only in fully registered book-entry form without coupons in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. This Global Note is exchangeable for Notes in definitive form only under certain limited
circumstances set forth in the Indenture. As provided in the Indenture and subject to certain limitations therein set forth, Notes of this series so issued are exchangeable for a like aggregate principal amount of Notes of this series of a different
authorized denomination, as requested by the Holder surrendering the same. 
 This Note shall be governed by and construed in
accordance with the law of the State of New York. 
 All terms used in this Note that are defined in the Indenture shall have
the meanings assigned to them in the Indenture. 

  
 8 

 ASSIGNMENT 
 To assign this Security, fill in the form below: (I) or (we) assign and transfer this Security to: 
  

	
	 (Insert assignee’s social security or tax I.D. number)

	
	
	 
	
	 
	
	 
	
	 (Print or type assignee’s name, address and zip code)

  

					
	and irrevocably appoint	  	 	  	 

 agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. 

 

									
	 Dated:
	 	  
	  	 	Your Signature:	  	  	  

		 		  				  	(Sign exactly as your name appears on the other side of this Security)

  

			
	 Signature Guaranty:
	  	  

		  	(Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security Registrar, which requirements will include membership or
participation in STAMP or such other “signature guarantee program” as may be determined by the Security Registrar in addition to, or in substitution for, STAMP all in accordance with the Exchange Act.)

  

			
	 Social Security Number or Taxpayer Identification Number:
                                         
                                         
                                  

  
 9EX-10.1

 EXHIBIT 10.1 
 R.G. Barry Corporation 
 Amended and Restated 

Rabbi Trust Agreement 

(Effective as of August 16, 2012) 

 R.G. Barry Corporation Amended and Restated Rabbi Trust Agreement 

(Effective as of August 16, 2012) 

Contents 
  

							
	 	 	Section	 	 	  	Page
	 Article I. Establishment of Trust
	  	
				
		 	1.1	 	Initial Trust Deposit	  	2
				
		 	1.2	 	Permanence	  	2
				
		 	1.3	 	Grantor Trust	  	2
				
		 	1.4	 	Exclusive Benefit	  	2
				
		 	1.5	 	Additional Trust Deposits	  	2
				
		 	1.6	 	Payment of Taxes	  	2
				
		 	1.7	 	Status of Supplemental Plans	  	3
				
		 	1.8	 	Additional Plans	  	3
		
	 Article II. Payments to Trust Beneficiaries When the Company Is Not Insolvent
	  	
				
		 	2.1	 	Supplemental Benefit Payments	  	4
				
		 	2.2	 	Insufficient Trust Assets	  	4
				
		 	2.3	 	Discharge of Payment Obligation	  	4
		
	 Article III. Trustee Responsibility Regarding Payments to Trust Beneficiaries When The Company is
Insolvent
	  	
				
		 	3.1	 	Insolvency	  	5
				
		 	3.2	 	Determination of Insolvency	  	5
				
		 	3.3	 	Discontinuance of Benefit Payments	  	5
				
		 	3.4	 	Resumption of Benefit Payments	  	5
				
		 	3.5	 	Duty to Inquire	  	5
				
		 	3.6	 	Suspended Payments	  	5
		
	 Article IV. Payments to the Company
	  	
				
		 	4.1	 	Reversion After Satisfaction of Liabilities	  	6
		
	 Article V. Investment of Trust Fun
	  	
				
		 	5.1	 	Types of Investments	  	7
				
		 	5.2	 	Investment Policies	  	7
				
		 	5.3	 	General Powers of the Trustee	  	7
				
		 	5.4	 	Investment Responsibilities	  	8
				
		 	5.5	 	Company Stock	  	9

  
 i 

 R.G. Barry Corporation Amended and Restated Rabbi Trust Agreement 

(Effective as of August 16, 2012) 

Contents 
  

							
	 	 	Section	 	 	  	Page
	 Article VI. Disposition of Income
	  	
				
		 	6.1	 	Trust Income	  	10
		
	Article VII. Accounting by the Trustee	  	
				
		 	7.1	 	Maintenance of Trust Records	  	11
		
	 Article VIII. Responsibility of the Trustee
	  	
				
		 	8.1	 	Standard of Care	  	12
				
		 	8.2	 	Duty as to Litigation	  	12
				
		 	8.3	 	Retention of Counsel	  	12
				
		 	8.4	 	Extent of Trustee’s Powers	  	12
				
		 	8.5	 	Indemnification	  	12
				
		 	8.6	 	Limitation of Powers	  	13
				
		 	8.7	 	Action by the Trustee	  	13
		
	 Article IX. Compensation and Expenses of the Trustee
	  	
				
		 	9.1	 	Compensation and Expenses	  	14
		
	 Article X. Resignation and Removal of Trustee
	  	
				
		 	10.1	 	Resignation or Removal	  	15
				
		 	10.2	 	Change of Control	  	15
				
		 	10.3	 	Settlement of Trust Accounts	  	15
				
		 	10.4	 	Appointment of Successor	  	15
				
		 	10.5	 	Acts of Prior Trustee	  	15
		
	 Article XI. Amendment or Termination of Trust Agreement
	  	
				
		 	11.1	 	Amendment or Termination	  	16
				
		 	11.2	 	Limitation on Termination	  	16
				
		 	11.3	 	Remaining Trust Assets	  	16
		
	 Article XII. Severability and Alienation
	  	
				
		 	12.1	 	Severability	  	17
				
		 	12.2	 	Alienation	  	17
		
	 Article XIII. Miscellaneous
	  	
				
		 	13.1	 	Governing Law	  	18
				
		 	13.2	 	Employment Contract	  	18
				
		 	13.3	 	Tax Withholding	  	18
				
		 	13.4	 	Reference to Company	  	18

  
 ii 

 R.G. Barry Corporation Amended and Restated Rabbi Trust Agreement 

(Effective as of August 16, 2012) 

Contents 
  

							
	 	 	Section	 	 	  	Page
		 	13.5	 	Designation of Authorized Parties	  	18
				
		 	13.6	 	Successors	  	18
				
		 	13.7	 	Trustee	  	18
				
		 	13.8	 	Change of Control	  	18
		
	 Appendix A to the R. G. Barry Corporation Supplemental Benefit Plans Trust
	  	

  
 iii

 R.G. Barry Corporation (the “Company”) previously established this Rabbi Trust Agreement effective
as of September 1, 1995. The Rabbi Trust Agreement is hereby amended and restated effective as of August 16, 2012 to reflect the appointment of The Huntington National Bank as trustee (the “Trustee”) and to update the agreement
since its establishment. 
 Witnesseth: 
 Whereas, the Company has adopted and maintains the supplemental retirement benefit plans as described in Appendix A to this Trust Agreement, which plans are collectively referred to herein as the
“Supplemental Plans”; 
 Whereas, the Supplemental Plans are not tax-qualified plans under section 401 of the Internal Revenue
Code of 1986, and the applicable regulations thereunder, as the same may be amended (“Code”), and the Supplemental Plans are designed to provide supplemental retirement benefits (“Supplemental Benefits”), including supplemental
deferred compensation, supplemental retirement benefits, and a restoration of benefits limited by Code limitations which are applicable to the R. G. Barry Corporation Salaried Employees’ Pension Plan; 

Whereas, the Company desires to establish a trust (“Trust” or “Trust Fund”) and to contribute to the Trust assets that shall
be held therein, subject to the claims of the Company’s unsecured general creditors in the event of the Company’s Insolvency (as herein defined) until paid to the participants and their beneficiaries under the Supplemental Plans
(“Trust Beneficiaries”) in such manner and at such times as specified in the Supplemental Plans; 
 Whereas, it is the
intention of the parties that this Trust shall constitute an unfunded arrangement and shall not affect the status of the Supplemental Plans as unfunded plans maintained for the purpose of providing deferred compensation for a select group of
management or highly compensated employees for purposes of Title I of the Employee Retirement Income Security Act of 1974, and the applicable regulations thereunder, as the same may be amended (“ERISA”); 

Whereas, it is the intention of the Company to make, at its discretion, contributions to the Trust to provide itself with a source of funds to
assist it in meeting its obligations under the Supplemental Plans; and 
 Whereas, the Trustee desires to accept the Trust established
under this Trust Agreement and to act as Trustee thereunder; 
 Now, Therefore, the parties do hereby establish the Trust and agree that
the Trust shall be comprised, held and disposed of as follows: 

 Article I. Establishment of Trust 
 1.1 Initial Trust Deposit 
 Subject to the claims of its creditors as set forth in Article
III, the Company hereby deposits with the Trustee in trust Ten Dollars ($10.00) which shall become part of the principal of the Trust to be held, administered and disposed of by the Trustee as provided in this Trust Agreement. 

1.2 Permanence 
 The Trust hereby
established is revocable by the Company; it shall become irrevocable upon a Change of Control, as defined herein. 
 1.3 Grantor Trust

 The Trust is intended to be a grantor trust, of which the Company is the grantor, within the meaning of subpart E, part I, subchapter 1,
subtitle A of the Code, and shall be construed accordingly. The Company agrees to report all items of income and deduction of the Trust on its own income tax returns, and shall have no right to any distributions from the Trust or any claim against
the Trust for funds necessary to pay any income taxes with respect to amounts so reported. 
 1.4 Exclusive Benefit 

The principal of the Trust and any earnings thereon shall be held separate and apart from other funds of the Company and shall be used exclusively for the
uses and purposes herein set forth. Neither the Trust Beneficiaries nor the Supplemental Plans shall have any preferred claim on, or any beneficial ownership interest in, any assets of the Trust prior to the time such assets are paid to the Trust
Beneficiaries as provided in Article II, and all rights created under the Supplemental Plans and this Trust Agreement shall be mere unsecured contractual rights of the Trust Beneficiaries against the Company. Any assets held by the Trust will be
subject to the claims of the Company’s unsecured general creditors under Federal and state law in the event of Insolvency, as defined in Section 3.1. 
 1.5 Additional Trust Deposits 
 The Company may at any time, or from time to time, make
additional deposits of cash or other property in trust with the Trustee to augment the principal to be held, administered and disposed of by the Trustee as provided in this Trust Agreement. Unless there is a Change of Control, any such additional
deposits shall be made within the sole discretion of the Company. Neither the Trustee nor any Trust Beneficiary shall have any right to compel such additional deposits. 
 Upon a Change of Control, the Company shall, as soon as possible, but in no event longer than 60 days following the Change of Control, as defined herein, make an irrevocable contribution to the Trust in
an amount that is sufficient to pay each Trust Beneficiary the benefits to which Trust Beneficiaries would be entitled pursuant to the terms of the Supplemental Plari(s) as of the date on which the Change of Control occurred. The Trustee or any
Trust Beneficiary shall have the right to compel such deposits immediately following a Change of Control or in subsequent years, as described below. 
 Within 180 days following the end of each Plan Year following a Change of Control, the Company shall be required to irrevocably deposit additional cash or other property to the Trust in an amount
sufficient to pay each Trust of Beneficiary the benefits payable pursuant to the terms of the Supplemental Plan(s) with respect to such Plan Year. 
 1.6 Payment of Taxes 
 The Company shall from time to time pay any and all taxes which at
any time are lawfully levied or assessed upon or become payable with respect to the Trust Fund, the income or any property forming a part thereof, or any security transaction pertaining thereto. The Company may contest the validity of any such
taxes. 

 1.7 Status of Supplemental Plans 
 The Supplemental Plans are intended to be “unfunded” and maintained “primarily for the purposes of providing supplemental benefits for a select group of management or highly compensated
employees” for purposes of ERISA. As such, it is intended that the Supplemental Plans are not to be subject to those provisions of Title I of ERISA for which they are eligible for exemption due to their status. The existence of this Trust is
not intended to alter said characterization of the Supplemental Plans. 
 1.8 Additional Plans 

The Company may from time to time add other supplemental plans to the list of plans intended to be covered by the Trust. The Company may also delete plans
from such list unless there has been a Change of Control, as defined herein. Any such addition or deletion shall be made by an amendment to Appendix A, and the plans so listed in Appendix A from time to time shall be the “Supplemental
Plans” as covered by this Trust Agreement. 

 Article II. Payments to Trust Beneficiaries When the Company Is Not Insolvent 

2.1 Supplemental Benefit Payments 
 At all
times when the Company is not Insolvent, the Trustee shall, upon the direction of the Company, make payments of Supplemental Benefits to Trust Beneficiaries from the assets of the Trust, if and to the extent such assets are available for
distribution, in accordance with the Supplemental Plans. The Company may make payment of benefits directly to Trust Beneficiaries as they become due under the terms of the Supplemental Plan(s). In addition, if the principal of the Trust, and any
earnings thereon, are not sufficient to make payments of benefits in accordance with the terms of the Supplemental Plan(s), the Company shall make the balance of each such payment as it falls due. The entitlement of a Trust Beneficiary to
Supplemental Benefits shall be determined by the Company or such party as it shall designate under the Supplemental Plans, and any claim for such Supplemental Benefits shall be considered and reviewed under the procedures set out in the Supplemental
Plans. 
 2.2 Insufficient Trust Assets 
 If the Trust assets are not sufficient to make payments of Supplemental Benefits to the Trust Beneficiaries in accordance with the Supplemental Plans, the Trustee shall so notify the Company. In such
event, it is intended that the Company will then make payments in accordance with the Supplemental Plans. 
 2.3 Discharge of Payment
Obligation 
 Any payments made by the Trustee to the Trust Beneficiaries shall be in discharge of the Company’s obligations under the
Supplemental Plans; provided, however, that the Company shall remain liable to the Trust Beneficiaries for all amounts due under the Supplemental Plans to the extent not paid by the Trustee. 

 Article III. Trustee Responsibility Regarding Payments to Trust Beneficiaries When The Company is
Insolvent 
 3.1 Insolvency 

The Company shall be considered “Insolvent” for purposes of this Trust Agreement if— 

 

	(a)	the Company is unable to pay its debts as they become due, or 

  

	(b)	the Company is the subject of a pending proceeding as a debtor under the United States Bankruptcy Code (or any successor Federal statute). 

At all times during the continuance of this Trust, the principal and income of the Trust shall be subject to claims of general creditors of the Company
under federal and state law as set forth below. 
 3.2 Determination of Insolvency 

The Board of Directors and the Chief Executive Officer of the Company shall have the duty to promptly inform the Trustee in writing of the Company’s
Insolvency. If a person claiming to be a creditor of the Company alleges in writing to the Trustee that the Company has become Insolvent, the Trustee shall independently determine, within 60 days after receipt of such notice, whether the Company is
Insolvent. The Trustee may employ attorneys, accountants and other advisers to make such determination and may rely conclusively on their conclusions. The expenses of such determination shall be allowed as administrative expenses of the Trust.

 3.3 Discontinuance of Benefit Payments 
 Upon written notification of the Company’s Insolvency by the Board of Directors and Chief Executive Officer of the Company pursuant to Section 3.2, or pending its determination of whether the
Company is Insolvent, the Trustee shall discontinue payment of Supplemental Benefits to the Trust Beneficiaries, and shall hold the Trust Fund for the benefit of the Company’s general creditors, after payment of amounts authorized in Article
IX. The Trustee shall continue the investment of the Trust Fund in accordance with Article V, and shall make payments out of the Trust Fund to the Company’s general creditors only in accordance with instructions from a court of competent
jurisdiction or from a person appointed by such a court. 
 3.4 Resumption of Benefit Payments 

The Trustee shall resume payments of Supplemental Benefits to the Trust Beneficiaries in accordance with Article II of this Trust Agreement only after the
Trustee has determined that the Company is not Insolvent, the Trustee has determined that the Company is no longer Insolvent, or a court of competent jurisdiction orders the resumption of such payments. The Trustee shall have the discretion to
determine which of the above alternatives is appropriate to the situation. 
 3.5 Duty to Inquire 

Unless notified of the Company’s Insolvency pursuant to Section 3.3, the Trustee shall have no duty to inquire whether the Company is Insolvent.
The Trustee may in all events rely on such evidence concerning the Company’s solvency as may be furnished to the Trustee which will give the Trustee a reasonable basis for making a determination concerning the Company’s solvency. Nothing
in this Trust Agreement shall in any way diminish any rights of Trust Beneficiaries to pursue their rights as general creditors of the Company with respect to Supplemental Benefits or otherwise. 

3.6 Suspended Payments 
 If the Trustee
discontinues payments of Supplemental Benefits from the Trust pursuant to Section 3.3 and subsequently resumes such payments, the first payment following such discontinuance shall include the aggregate amount of all payments which would have
been made to the Trust Beneficiaries in accordance with the Supplemental Plans during the period of such discontinuance, unless the Company otherwise directs. 

 Article IV. Payments to the Company 
 4.1 Reversion After Satisfaction of Liabilities 
 The Company shall have no right or power
to direct the Trustee to return to the Company or to divert to others any of the Trust assets before all payments of Supplemental Benefits to the Trust Beneficiaries pursuant to the Supplemental Plans. If it is determined through actuarial valuation
that certain Trust assets will clearly never be required to pay Supplemental Benefits to the Trust Beneficiaries, the Trustee, upon written notification by the Company of such determination, shall return such excess assets to the Company.

 Article V. Investment of Trust Fund 
 5.1 Types of Investments 
 Except for money and other property subject to the investment
responsibility of an investment manager as provided in Section 5.4, and subject to Section 5.2, the Trustee shall, in its discretion, invest and reinvest the assets of the Trust, without distinction between principal and income, in any
property, real, personal or mixed, wherever situated, and whether or not productive of income, including, without limitation, domestic or foreign, common and preferred stocks, mutual funds, common trust funds, bonds, notes, debentures, securities
convertible into common stock, leaseholds, mortgages (including, without limitation, any collective or part interest in any bond and mortgage or note and mortgage), interest-bearing accounts and certificates of deposit (including those within its
own banking department or within a Federally insured institution which may be affiliated with the Trustee), oil, mineral or gas properties, royalties, interests or rights (including equipment pertaining thereto), equipment trust certificates,
investment trust certificates, savings bank deposits, commercial paper, and insurance contracts (including those to which amounts may be deposited and withdrawn). The Trustee shall, at the direction of the Company, purchase life insurance and/or
annuity contracts including group annuity contracts providing flexible funding or similar vehicles or for the investment of assets in separate accounts, invested in any securities and other property including real estate, regardless of whether or
not the insurance carrier shall have assumed any contractual or other liability as to the benefits to be provided thereunder, the value thereof, or the return therefrom. Such life insurance and/or annuity contracts shall be considered investments of
the Trust Fund and, together with all rights, privileges, options and elections contained therein, shall vest in the Trustee but shall be exercised, assigned or otherwise disposed of as directed by the Company. The insurance carrier under any such
contract shall have full responsibility for the management and control of the assets held thereunder. 
 5.2 Investment Policies

 The Board of Directors of the Company shall have the right at any time and in its discretion to formulate investment policies and
standards for the investment of the Trust Fund. Such policies and standards may include, among other things, the percentage of the Trust Fund which may be invested in fixed income securities, the percentage of the Trust Fund which may be invested in
common stocks, and the percentage of the Trust Fund which may be invested in the securities of any one company. Such policies may be changed from time to time by resolution of the Board, or by any committee or administrator acting with respect to
the Supplemental Plans, as designated by the Board. Any statement of investment policies and standards promulgated by the Board of Directors shall be provided in writing to the Trustee, and the Trustee may rely on such statement until such time as
it receives written notice of any change in such policies and standards from the Company. 
 5.3 General Powers of the Trustee

 The Trustee, in addition to and not in modification or limitation of all of its common law and statutory authority, shall be authorized
and empowered, in its discretion (except as provided in Section 5.4), to exercise any and all of the following rights, powers and privileges with respect to any cash, securities or other properties held by the Trustee in Trust hereunder:

  

	 	(a)	To sell any such property at such time and upon such terms and conditions as the Trustee deems appropriate. Such sales may be public or private, for cash or credit, or
partly for cash and partly for credit, and may be made without notice or advertisement of any kind. 

  

	 	(b)	To exchange, mortgage, or lease any such property and to convey, transfer or dispose of any such property on such terms and conditions as the Trustee deems appropriate.

  

	 	(c)	To grant options for the sale, transfer, exchange or disposal of any such property. 

 

	 	(d)	To exercise all voting rights pertaining to any securities; and to consent to or request any action on the part of the issuer of any such securities; and to give
general or special proxies or powers of attorney with or without power of substitution. 

  

	 	(e)	To consent to or participate in amalgamations, reorganizations, recapitalizations, consolidations, mergers, liquidations, or similar transactions with respect to any
securities, and to accept and to hold any other securities issued in connection therewith. 

  

	 	(f)	To exercise any subscription rights or conversion privileges with respect to any securities held in the Trust Fund. 

	 	(g)	To collect and receive any and all money and other property of whatsoever kind or nature due or owing or belonging to the Trust Fund and to give full discharge thereof;
and to extend the time of payment of any obligation at any time owing to the Trust Fund, as long as such extension is for a reasonable period, and continues at reasonable interest. 

 

	 	(h)	To cause any securities or other property to be registered in, or transferred to, the individual name of the Trustee or in the name of one or more of its nominees, or
one or more nominees of any system for the centralized handling of securities, or it may retain them unregistered and in form permitting transferability by delivery; but the books and records of the Trust shall at all times show that all such
investments are a part of the Trust Fund. 

  

	 	(i)	To organize under the laws of any state a corporation for the purpose of acquiring and holding title to any property which it is authorized to acquire under this Trust
Agreement and to exercise with respect thereto any or all of the powers set forth in this Trust Agreement. 

  

	 	(j)	To manage, operate, repair, improve, develop, preserve, mortgage or lease for any period any real property or any oil, mineral or gas properties, royalties, interest or
rights held by it directly or through any corporation, either alone or by joining with others, using other Trust assets for any of such purposes; to modify, extend, renew, waive or otherwise adjust any or all of the provisions of any such mortgage
or lease; and to make provision for amortization of the investment in or depreciation of the value of such property. 

  

	 	(k)	To settle, compromise, or submit to arbitration any claims, debts or damages due or owing to or from the Trust; to commence or defend suits or legal proceedings
whenever, in its judgment, any interest of the Trust requires it; and to represent the Trust in all suits or legal proceedings in any court of law or equity or before any other body or tribunal, insofar as such suits or proceedings relate to any
property forming part of the Trust Fund or to the administration of the Trust Fund. 

  

	 	(l)	To borrow money from others for the purposes of the Trust, but the Trustee shall not be authorized to borrow any money from its banking department or from the Company
or any subsidiary or associated company. 

  

	 	(m)	To employ such agents and counsel, including attorneys, accountants, actuaries, and investment managers, as may be reasonably necessary in managing and protecting the
Trust Fund and to pay them reasonable compensation. 

  

	 	(n)	To purchase, hold and sell interests or units of participation in any collective or common trust fund established by the Trustee, including any such funds which may be
established in the future. 

  

	 	(o)	Generally to do all acts, whether or not expressly authorized, which the Trustee deems necessary or desirable, but acting at all times according to the principles
expressed in Articles V and VIII. 

 5.4 Investment Responsibilities 

The Company may (but need not) appoint an Investment Manager or Managers to manage (including the power to acquire and dispose of) all or any of the
assets of the Trust Fund. In the event of any such appointment, the Company shall establish the portion of the assets of the Trust Fund which shall be subject to the management of the Investment Manager and shall so notify the Trustee in writing.
Likewise, the Company may establish that all or a portion of the assets of the Trust Fund shall be subject to the investment jurisdiction of the Company itself and shall advise the Trustee of such determination. With respect to such assets over
which either an Investment Manager or the Company has investment responsibility, the Investment Manager or the Company shall possess all of the investment and administrative power and responsibilities granted to the Trustee hereunder, including the
power to hold the indicia of ownership of any investment in a collective trust fund, and the Trustee shall invest and reinvest such assets pursuant to the written directions of the Investment Manager or the Company. If the Company so directs, an
Investment Manager shall have the power to acquire and dispose of assets in the name of the Trust. The investment jurisdiction of the Company may be exercised in any manner consonant with its duties as a fiduciary, including— 

 

	(a)	directing the Investment Manager or the Trustee that certain investments or types of investments be made or liquidated; 

 

	(b)	directing the Investment Manager or the Trustee that certain investments or types of investments not be made; and 

 

	(c)	requiring that the Trustee or the Investment Manager obtain approval prior to acquiring or disposing of any asset. 

The Trustee shall have no investment responsibility with respect to the assets subject to the investment responsibility of an Investment Manager or the
Company, and shall have no duty to inquire into the direction of such Investment 

 
Manager or the Company, to solicit such directions nor to review and follow the investments made pursuant to any such direction, other than to the extent provided by law. 

5.5 Company Stock 
 The Company may from
time to time contribute its common stock or other securities to be held in the Trust. The Trustee may invest in securities or obligations issued by the Company. All rights associated with any such Company stock or securities shall be exercised by
the Trustee at the direction of the Company. 

 Article VI. Disposition of Income 
 6.1 Trust Income 
 During the term of this Trust, all income received by the Trust, net of
any expenses and taxes properly paid from the Trust Fund, shall be accumulated and reinvested. 

 Article VII. Accounting by the Trustee 
 7.1 Maintenance of Trust Records 
 The Trustee shall keep accurate and detailed records of
all investments, receipts, disbursements, and all other transactions required to be done, including all such specific records as shall be agreed upon in writing between the Company and the Trustee. All such accounts, books and records shall be open
to inspection and audit at all reasonable times by any person designated by the Company. Within 60 days following the close of each calendar year and within 60 days after the removal or resignation of the Trustee, the Trustee shall deliver to the
Company a written account of its administration of the Trust during such year or during the period from the close of the last preceding year to the date of such removal or resignation, setting forth all investments, receipts, disbursements and other
transactions effected by it, including a description of all securities and investments purchased and sold with the cost or net proceeds of such purchases or sales (accrued interest paid or receivable being show separately), and showing all cash,
securities and other property held in the Trust at the end of such year or as of the date of such removal or resignation, as the case may be. 

 Article VIII. Responsibility of the Trustee 
 8.1 Standard of Care 
 The Trustee shall act with the care, skill, prudence and diligence
under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; provided, however, that the Trustee shall incur no
liability to anyone for any action taken pursuant to a direction, request, or approval given by the Company which is contemplated by, and in conformity with, the terms of the Supplemental Plans or this Trust Agreement, and to that extent shall be
relieved of the prudent man rule for investments. 
 8.2 Duty as to Litigation 
 The Trustee shall not be required to undertake or to defend any litigation arising in connection with this Trust Agreement, unless it be first indemnified by the Company against its prospective costs,
expenses and liabilities (including, without limitation, attorneys’ fees and expenses) relating thereto, and the Company hereby agrees to indemnify the Trust Fund for such costs, expenses and liability. 

8.3 Retention of Counsel 
 The Trustee
may consult with legal counsel (who may also be counsel for the Trustee generally, or for the Company) with respect to any of its duties or obligations hereunder, and shall be fully protected in acting or refraining from acting in accordance with
the advice of such counsel. 
 8.4 Extent of Trustee’s Powers 
 The Trustee shall have, without exclusion, all powers conferred on trustees by applicable law unless expressly provided otherwise herein, provided, however, that if an insurance policy is held as an asset
of the Trust, the Trustee shall have no power, except as otherwise provided herein, to name a beneficiary of the policy other than the Trust, to assign the policy (as distinct from conversion of the policy to a different form) other than to a
successor the Trustee, or to loan to any person the proceeds of any borrowing against such policy. General powers of the Trustee are described in Section 5.3. 
 8.5 Indemnification 
 The Trustee shall be indemnified and held harmless by the Company
against and from any and all loss, cost, liability, or expense (including any attorneys’ fees and court costs) that may be imposed upon or reasonably incurred by the Trustee in connection with or resulting from any claim, action, suit, or
proceeding to which the Trustee may be a party or in which the Trustee may be involved by reason of any action taken or failure to act under this Trust and against and from any and all amounts paid by the Trustee in settlement (with the
Company’s written approval) or paid by the Trustee in satisfaction of a judgment in any such action, suit, or proceeding. The foregoing provision shall not be applicable to any Trustee if the loss, cost, liability, or expense is due to such
Trustee’s willful misconduct. Such indemnity shall include all claims and liabilities arising from any breach of fiduciary responsibility by a fiduciary other that the Trustee, unless the Trustee – 

 

	(a)	knowingly participates in, or knowingly undertakes to conceal, an act or omission of such other fiduciary, knowing such act or omission is a breach;

  

	(b)	by its failure to act in accordance with 8.1 in the administration of its specific responsibilities which give rise to its status as a fiduciary, has enabled such other
fiduciary to commit a breach; or 

  

	(c)	has knowledge of a breach by such other fiduciary, unless it makes reasonable efforts under the circumstances to remedy the breach. 

The performance by the Trustee of trades, custody, reporting, recording and bookkeeping with respect to assets managed by another fiduciary shall not be
deemed to give rise to any participation or knowledge on the part of the Trustee. Such indemnification shall survive the amendment or termination of the Trust Agreement or the resignation or removal of the Trustee and shall be construed as a
contract between the Company and the Trustee under the laws of the State of Ohio. 

 8.6 Limitation of Powers 
 Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or under applicable law, the Trustee shall not have any power that could give this Trust the objective of carrying on a
business and dividing the gains therefrom, within the meaning of Section 301.7701-2 of the Procedure and Administrative Regulations promulgated pursuant to the Code. 
 8.7 Action by the Trustee 
 When more than one individual and/or entity serves as Trustee,
action by the trustees shall be determined by the majority of the trustees. Such action shall be binding upon all parties at interest. The individuals and/or entities who collectively act as Trustee may act by vote at a meeting or by writing without
a meeting. Any act of more than one individual or entity serving as Trustee shall be sufficiently evidenced if certified to by one of the individuals or entities serving as Trustee, and, if there is more than one individual and/or entity serving as
Trustee, one of the trustees may be given authority to perform all administrative and ministerial duties. Any individual who serves as Trustee hereunder may be an employee of the Company. 

 Article IX. Compensation and Expenses of the Trustee 

9.1 Compensation and Expenses 
 The
Trustee, unless such Trustee is also an employee of the Company, shall be entitled to receive such reasonable compensation for its services as shall be agreed upon by the Company and the Trustee. The Trustee shall also be entitled to receive its
reasonable expenses incurred with respect to the administration of the Trust, including fees incurred by the Trustee pursuant to Article VIII of this Trust Agreement. Such compensation and expenses shall be payable by the Company, but if not paid by
the Company, shall constitute a charge against the Trust and shall be withdrawn by the Trustee from the Trust. 

 Article X. Resignation and Removal of Trustee 

10.1 Resignation or Removal 
 The Trustee
may be removed at any time upon 30 days’ written notice by the Company. The Trustee may resign at any time, upon 30 days’ written notice to the Company. Such advance notification may be accepted within a shorter time period as agreed to by
the parties. 
 10.2 Change of Control 
 Notwithstanding any Trust provisions to the contrary, upon a Change of Control, as defined herein, Trustee may not be removed by Company for five years. If Trustee resigns or is removed within five years
of a Change of Control, as defined herein, Trustee shall select a successor Trustee in accordance with the provisions of Section 10.4(b) hereof prior to the effective date of Trustee’s resignation or removal. 

10.3 Settlement of Trust Accounts 
 Upon
its resignation or removal, the Trustee, with the written consent of the Company, may reserve such amounts as it deems necessary for the payment of any outstanding taxes or other liabilities of the Trust Fund and its reasonable fees and expenses in
connection with the settlement of its accounts. Any balance of such reserve remaining after the payment of such taxes, liabilities, fees, and expenses shall be paid over to the successor Trustee within 60 days after receipt of notice of resignation,
removal, or transfer, unless the Company extends the time limit. 
 10.4 Appointment of Successor 

 

	(a)	If the Trustee resigns or is removed in accordance with Section 10.1 hereof, the Company may appoint any one or more individuals or third parties as a successor to
replace the Trustee upon resignation or removal. If no such appointment has been made, the Trustee may apply to a court of competent jurisdiction for appointment of a successor or for instructions. All expenses of the Trustee in connection with the
proceeding shall be allowed as administrative expenses of the Trust. The appointment shall be effective when accepted in writing by the new Trustee, who shall have all of the rights and powers of the former Trustee, including ownership rights in the
Trust assets. The former Trustee shall execute any instrument necessary or reasonably requested by the Company or the successor Trustee to evidence the transfer. 

 

	(b)	If the Trustee resigns or is removed pursuant to the provisions of Section 10.2 hereof and selects a successor Trustee, the Trustee may appoint any third party
such as a bank trust department or other party that may be granted corporate trustee powers under state law, as long as such successor is independent and not subject to the control of the Company. The appointment of a successor Trustee shall be
effective when accepted in writing by the new Trustee. The new Trustee shall have all the rights and powers of the former Trustee, including ownership rights in Trust assets. The former Trustee shall execute any instrument necessary or reasonably
requested by the successor Trustee to evidence the transfer. 

 10.5 Acts of Prior Trustee 

The successor Trustee need not examine the records and acts of any prior Trustee and may retain or dispose of existing Trust assets, subject to the
provisions herein. The successor Trustee shall not be responsible for any claim or liability resulting from any action or inaction of any prior Trustee or from any other past event, or any condition existing at the time it becomes successor Trustee.

 Article XI. Amendment or Termination of Trust Agreement 

11.1 Amendment or Termination 
 This Trust
Agreement may be amended any time and in any manner by a written instrument executed by the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall alter Section 11.2, conflict with the terms of the Supplemental Plans,
or make the Trust revocable after it has become irrevocable in accordance with Section 1.2 hereof. In addition, Sections 1.5, 1.8, 10.2, and 10.4 of this Trust Agreement may not be amended by the Company for five years following a Change of
Control, as defined herein. 
 11.2 Limitation on Termination 
 The Trust shall not terminate prior to the time that all Supplemental Benefits have been paid under the Supplemental Plans. 
 11.3 Remaining Trust Assets 
 Upon termination of the Trust as provided in
Section 11.2, any assets remaining in the Trust shall be returned to the Company. 

 Article XII. Severability and Alienation 
 12.1 Severability 
 If any provision of this Trust Agreement is, becomes, or is deemed
invalid or unenforceable in any jurisdiction, such provision shall be deemed amended to conform to applicable law as to be valid, legal and enforceable in any jurisdiction so deeming. The validity, legality and enforceability of such provision shall
not in any way be affected or impaired in any other jurisdiction; if such provision cannot be so amended without materially altering the intention of the parties, it shall be stricken and the remainder of this Trust Agreement shall remain in full
force and effect. 
 12.2 Alienation 
 To the extent permitted by law, Supplemental Benefits payable to Trust Beneficiaries under the Supplemental Plans and this Trust Agreement may not be assigned (either at law or in equity), alienated, or
subject to attachment, garnishment, levy, execution or other legal or equitable process. A Trust Beneficiary may not assign or transfer any interest in the Supplemental Benefits due hereunder and shall have no direct interest in or to any Trust
asset unless and until paid to such Trust Beneficiary. 

 Article XIII. Miscellaneous 
 13.1 Governing Law 
 This Trust Agreement shall be governed by and construed in accordance
with the laws of Ohio. 
 13.2 Employment Contract 
 This Trust Agreement does not constitute a contract of employment, and it does not give any Trust Beneficiary the right to be retained in the employ of the Company or any affiliate. 

13.3 Tax Withholding 
 The Trustee shall
withhold all amounts required by law to be withheld from any payments made pursuant to this Trust Agreement, including any or all amounts required to be withheld by the Code, the Federal Insurance Contribution Act, any state income or other tax act,
any applicable city, county or municipality’s earnings or income tax act. The Trustee shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld, and paid by the Company.

 13.4 Reference to Company 

Where appropriate, all references to the Company shall refer to any subsidiary or affiliate of the Company designated as a participating employer under
any Supplemental Plan; provided, however, that only the Company shall be permitted to amend or terminate the Trust Agreement and to provide any directions to the Trustee as provided herein. 
 13.5 Designation of Authorized Parties 
 The Board of Directors of the Company, or such
committee as may properly act on its behalf, may from time to time designate a person, persons or committee to act on its behalf under this Trust Agreement, particularly as regards investment directions and directions regarding the payment of
Supplemental Benefits. The Board shall instruct the Trustee in writing as regards any such designation, including the designee’s scope of authority to act on its behalf. The Trustee shall be able to rely on the acts of such designated party,
provided such reliance is in good faith. 
 13.6 Successors 
 This Trust Agreement shall be binding upon the Company and any successor, direct or indirect, of the Company whether such succession results from a merger, consolidation, liquidation, purchase of
securities, acquisition of assets or otherwise. 
 13.7 Trustee 
 For purposes of this Trust Agreement, the Trustee shall not be deemed an agent, receiver or an assignee of the Company. 
 13.8 Change of Control 
 For purposes of this Trust, Change of Control shall mean any of the
following events: 
  

	(a)	Any person, entity, or group of persons, within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934 (“Act”), or any comparable
successor provisions, purchases or otherwise acquires beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Act) of 20 percent or more of either the outstanding shares of common stock or the combined voting power of the
Company’s then outstanding voting securities entitled to vote generally; 

	(b)	The stockholders of the Company approve a reorganization, merger, or consolidation, in each case, with respect to which persons who were stockholders of the Company
immediately prior to such reorganization, merger, or consolidation do not, immediately thereafter, own more than 50 percent of the combined voting power entitled to vote generally in the election of directors of the reorganized, merged, or
consolidated Company’s then outstanding securities, or the Company is liquidated or dissolved or all or substantially all of the Company’s assets are sold; or 

 

	(c)	Individuals who constitute the board of directors of the Company on the date hereof (the “Incumbent Board”) cease for any reason to constitute at least a
majority thereof, provided that any person becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least three quarters of the directors comprising
the Incumbent Board (either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director, without objection to such nomination) shall be, for purposes of this clause (c), considered
as though such person were a member of the Incumbent Board. 

 ********* 

 In Witness Whereof, the Company has caused this Rabbi Trust Agreement to be executed by its duly
authorized officer and the Trustee, to evidence its acceptance of the Trust, has caused this Rabbi Trust Agreement to be executed effective as of August 16, 2012. 

 

			
	Company:
	
	R.G. Barry Corporation
		
	By:	 	/s/ Jose G. Ibarra

  

	
	
	Trustee:
	
	The Huntington National Bank
	
	/s/ Bradley Hemstreet
	
	Its: Senior Vice President

 Appendix A to the 

R.G. Barry Corporation Amended and Restated Rabbi Trust Agreement 
 The following supplemental retirement benefit plans of R. G. Barry Corporation are intended to be covered under the Trust Agreement for the above-referenced Trust: 

R. G. Barry Corporation Supplemental Retirement Plan (As established effective as of January 1, 1978) 

R.G. Barry Corporation Supplemental Retirement Plan (effective as of January 1, 1997) 

R. G. Barry Corporation Restoration Plan (As established effective as of January 1, 1994) 

R. G. Barry Corporation Deferred Compensation Plan (As established effective as of September 1, 1995) 

R.G. Barry Corporation Amended and Restated Deferral Plan (effective as of October 28, 2008)

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