Document:

Exhibit 10.1

  

  

  

  

  

  
    REGISTRATION RIGHTS AGREEMENT

    

    

    REGISTRATION RIGHTS AGREEMENT, dated as of May 6, 2020 (the “Agreement”), by and among US Foods Holding Corp., a Delaware corporation (the “Company”), and KKR Fresh Aggregator L.P., a Delaware limited
      partnership (together with its successors and assigns, the “Investor”).  The Investor and any other party that may become a party hereto pursuant to Section 9(c) are referred to collectively as the “Stockholders” and
      individually each as a “Stockholder”.

    

    

    RECITALS

    

    

    WHEREAS, the Company and the Investor are parties to the Investment Agreement, dated as of April 21, 2020 (as amended from time to time, the “Investment Agreement”), pursuant to which the Company is selling to the
      Investor, and the Investor is purchasing from the Company, an aggregate of 500,000 shares of Series A Preferred Stock (the “Series A Preferred Stock”), which is convertible into shares of Common Stock;

    

    

    WHEREAS, as a condition to the obligations of the Company and the Investor under the Investment Agreement, the Company and the Investor are entering into this Agreement for the purpose of granting certain registration
      and other rights to the Stockholders.

    

    

    NOW, THEREFORE, in consideration of the foregoing recitals and of the mutual promises hereinafter set forth, the parties hereto agree as follows:

    

    

    AGREEMENT

    

    

    1.          Definitions.  As used in this Agreement, the following capitalized terms shall have the following respective meanings:

    

    

    “Adverse Disclosure” means public disclosure of material non-public information that, in the good faith judgment of the Company (after consultation with external legal counsel): (i) would be required to be made in
      any Registration Statement or report filed with the SEC by the Company so that such registration statement would not contain any untrue statement of material fact or omit to state a material fact necessary in order to make the statements made
      therein, in light of the circumstances under which they are made, not misleading; (ii) would not be required to be made at such time but for the filing, effectiveness or continued use of such Registration Statement; and (iii) the Company has a bona
      fide business purpose for not disclosing publicly.

    

    

    “Affiliate” means, as to any Person, any other Person that, directly or indirectly, controls, or is controlled by, or is under common control with, such Person.  For this purpose, “control” (including its
      correlative meanings, “controlling”, “controlled by” and “under common control with”), with respect to the relationship between or among two or more Persons, means the possession, directly or indirectly, of the power to direct or
      cause the direction of the affairs or management of a Person, whether through the ownership of voting securities, as trustee or executor, by contract or otherwise.

    

    

    
      
        

    

    
    

    

    

    

    “as converted basis” means (i) with respect to the outstanding shares of Common Stock as of any date, all outstanding shares of Common Stock calculated on a basis in which all shares of Common Stock issuable upon
      conversion of the outstanding shares of Series A Preferred Stock (at the Conversion Rate in effect on such date as set forth in the Certificate of Designations) are assumed to be outstanding as of such date and (ii) with respect to any outstanding
      shares of Series A Preferred Stock as of any date, the number of shares of Common Stock issuable upon conversion of such shares of Series A Preferred Stock on such date (at the Conversion Rate in effect on such date as set forth in the Certificate of
      Designations).

    

    

    “Business Day”  or “business day” means any day except a Saturday, a Sunday or other day on which the SEC or banks in the City of New York are authorized or required by law to be closed.

    

    

    “Certificate of Designation” means the Certificate of Designations setting forth voting powers, designations, preferences and relative, participating, optional or other special rights, and the qualifications,
      limitations and restrictions of the Series A Preferred Stock, dated as of May 4, 2020.

    

    

    “Charitable Gifting Event” means any transfer by a Holder of Registrable Securities, or any subsequent transfer by such Holder’s members, partners or other employees, in connection with a bona fide gift to any
      Charitable Organization made in connection with sales of Registrable Securities by a Holder pursuant to an effective registration statement.

    

    

    “Charitable Organization” means a charitable organization as described by Section 501(c)(3) of the Internal Revenue Code of 1986, as in effect from time to time.

    

    

    “Common Stock” means all shares currently or hereafter existing of the Company’s common stock, par value $0.01 per share.

    

    

    “Conversion Rate” has the meaning set forth in the Certificate of Designations.

    

    

    “Exchange Act” means the Securities Exchange Act of 1934, as amended, and any successor statute thereto and the rules and regulations of the SEC promulgated thereunder.

    

    

    “FINRA” means the Financial Industry Regulatory Authority.

    

    

    “Holdback Period” means the period commencing on the date of an underwriters’ request (which shall be no earlier than four Business Days prior to the expected “pricing” of the related underwritten offering) and
      continuing for not more than 90 calendar days after the date of the final prospectus (or final prospectus supplement if the offering is made pursuant to a shelf registration), pursuant to which such underwritten offering shall be made, or such lesser
      period as is required by such underwriters (which shall also apply equally to all Holders).

    

    

    “Holder” means any Stockholder holding Registrable Securities.

    

    

    “Lock-Up Period” has the meaning set forth in the Investment Agreement.

    

    

    
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    “NYSE” means the New York Stock Exchange.

    

    

    “Person” means any individual, corporation, limited liability company, limited or general partnership, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency
      or political subdivisions thereof or any group comprised of two or more of the foregoing.

    

    

    “Prospectus” means the prospectus included in any Registration Statement (including, without limitation, a prospectus that discloses information previously omitted from a prospectus filed as part of an effective
      Registration Statement in reliance upon Rule 430A promulgated under the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by such
      Registration Statement, and all other amendments and supplements to the Prospectus, including post- effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such prospectus.

    

    

    “register”, “registered” and “registration” refer to a registration effected by preparing and filing a registration statement in compliance with the Securities Act, and the declaration or ordering of
      the effectiveness of such registration statement or the automatic effectiveness of such registration statement, as applicable.

    

    

    “Registrable Securities” means any Common Stock held by a Holder.  As to any particular Registrable Securities, once issued, such securities shall cease to be Registrable Securities when (i) they are sold pursuant
      to an effective Registration Statement under the Securities Act, (ii) they are sold pursuant to Rule 144 (or other exemption from registration under the Securities Act), (iii) in the case of a Holder, all shares of Common Stock held by such Holder,
      on an as converted basis, constitute less than 1% of all outstanding shares of Common Stock and may be sold in a single day pursuant to, and in accordance with, subsection (k) of Rule 144, (iv) they shall have ceased to be outstanding or (v) they
      have been sold in a private transaction in which the transferor’s rights under this Agreement are not assigned to the transferee of the securities.

    

    

    “Registration Statement” means any registration statement of the Company filed with the SEC under the Securities Act which covers any of the Registrable Securities pursuant to the provisions of this Agreement,
      including the Prospectus, amendments and supplements to such registration statement, including post-effective amendments, all exhibits and all material incorporated by reference or deemed to be incorporated by reference in such registration
      statement.

    

    

    “Rule 144” means Rule 144 under the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted by the SEC.

    

    

    “SEC” means the Securities and Exchange Commission or any other federal agency at the time administering the Securities Act or the Exchange Act.

    

    

    
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    “Securities Act” means the Securities Act of 1933, as amended, and any successor statute thereto and the rules and regulations of the SEC promulgated thereunder.

    

    

    2.             Incidental Registrations.

    

    

    (a)          Right to Include Registrable Securities.  If, following the expiration of the Lock-Up Period, the Company proposes to register its Common Stock under the
      Securities Act (other than pursuant to a Registration Statement filed by the Company on Form S‐4 or S‐8, or any successor or other forms promulgated for similar purposes or filed solely in connection with an exchange offer or any employee benefit or
      dividend reinvestment plan), whether or not for sale for its own account, in a manner which would permit registration of Registrable Securities for sale to the public under the Securities Act, it will, at each such time, give prompt written notice to
      all Holders of Registrable Securities of its intention to do so and of such Holders’ rights under this Section 2.  Upon the written request of any such Holder made within seven calendar days after the receipt of any such notice (which request shall
      specify the Registrable Securities intended to be disposed of by such Holder), the Company will use its reasonable best efforts to effect the registration under the Securities Act of all Registrable Securities which the Company has been so requested
      to register by the Holders thereof, to the extent required to permit the disposition of the Registrable Securities so to be registered; provided that (i) if, at any time after giving written notice of its intention to register any securities
      and prior to the effective date of the Registration Statement filed in connection with such registration, the Company shall determine for any reason not to proceed with the proposed registration of the securities to be sold by it, the Company may, at
      its election, give written notice of such determination to each Holder of Registrable Securities and, thereupon, shall be relieved of its obligation to register any Registrable Securities in connection with such registration (but not from its
      obligation to pay the registration expenses pursuant to Section 6 hereof in connection therewith), without prejudice to the rights of the Holders of Registrable Securities to request that such registration be effected as a registration under Section
      3, and (ii) if such registration involves an underwritten offering, all Holders of Registrable Securities requesting to be included in the Company’s registration and to participate in the underwritten offering must sell their Registrable Securities
      to the underwriters selected by the Company on the same terms and conditions as apply to the Company, with such differences, including any with respect to indemnification and liability, as are customary in combined primary and secondary offerings by
      the Company and the Investor.  If a registration requested pursuant to this Section 2(a) involves an underwritten public offering, any Holder of Registrable Securities requesting to be included in such registration may elect, in writing at least two
      business days prior to the effective date of the Registration Statement filed in connection with such registration or, in the case of a takedown from a Shelf Registration Statement, prior to the launch of such takedown, not to register such
      securities in connection with such registration.  The Company shall not be required to maintain the effectiveness of the Registration Statement for a registration requested pursuant to this Section 2(a) beyond the earlier to occur of (i) 180 calendar
      days after the effective date thereof and (ii) consummation of the distribution by the Holders of the Registrable Securities included in such Registration Statement.  Any Holder of Registrable Securities who has elected to sell Registrable Securities
      in an offering pursuant to this Section 2 shall be permitted to withdraw from such registration by written notice to the Company if the price to the public at which the Registrable Securities are proposed to be sold will be less than 90% of the
      average closing price of the class of stock being sold in the offering during the 10 trading days preceding the date on which the notice of such offering was given pursuant to this Section 2(a).

    

    

    
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    (b)          Priority in Incidental Registrations.  The Company shall use reasonable efforts to cause the managing underwriter or underwriters of a proposed underwritten
      offering to permit Holders of Registrable Securities who have requested to include Registrable Securities in such offering to include in such offering all Registrable Securities so requested to be included on the same terms and conditions as any
      other shares of capital stock, if any, of the Company included in the offering.  Notwithstanding the foregoing, if the managing underwriter or underwriters of such underwritten offering have informed the Company in writing that it is their good faith
      opinion that the total amount of securities that are intended to be included in such offering is such as to adversely affect the success of such offering (including adversely affect the per-share offering price), then the amount of securities to be
      offered shall be reduced to the amount recommended by such managing underwriter or underwriters in its or their good faith opinion, which will be allocated in the following order of priority: (i) first, the securities to be proposed to be sold by the
      Company for its own account, (ii) second, the Registrable Securities of the Investor, (iii) third, the Registrable Securities of the Holders other than the Investor that have requested to participate in such underwritten offering, allocated pro rata among such Holders on the basis of the percentage of the Registrable Securities requested to be included in such underwritten offering by such Holders and (iv) fourth, for the account of any other holders
      of Common Stock that have requested to be included in such underwritten offering as a result of registration rights or otherwise.

    

    

    3.             Registration on Request.

    

    

    (a)          Request by the Demand Party.  Subject to the following paragraphs of this Section 3(a), each Holder shall have the right, by delivering a written notice to the
      Company, to require the Company to register, at any time following the expiration of the Lock-Up Period and pursuant to the terms of this Agreement, under and in accordance with the provisions of the Securities Act, the number of Registrable
      Securities of such Holder requested to be so registered pursuant to the terms of this Agreement (any such written notice, a “Demand Notice”, any such registration, a “Demand Registration” and any such Holder, a “Demand Party”); provided,
      however, that a Demand Notice may only be made if the sale of the Registrable Securities requested to be registered by such Holder is reasonably expected to result in aggregate gross cash proceeds in excess of $75,000,000 (without regard to
      any underwriting discount or commission); provided, further, that the Company shall not be obligated to file a registration statement relating to any registration request under this Section 3(a), (i) within the period or such shorter
      period as may be specified by the Company’s insider trading policy as applicable to Company employees generally (the “Quarterly Blackout Period”) commencing 14 calendar days prior to and ending two calendar days following the Company’s
      scheduled earnings release for any fiscal quarter or year or (ii) within a period of 90 calendar days after the effective date of any other registration statement relating to any registration request under this Section 3(a); provided, further,
      that nothing in this Section 3(a) or elsewhere herein shall be construed as limiting the frequency by which a Holder may effect a Shelf Underwritten Offering or Non-Underwritten Shelf Take-Down pursuant to Section 3(f).  Following receipt of a Demand
      Notice for a Demand Registration in accordance with this Section 3(a), the Company shall use its reasonable best efforts to file a Registration Statement as promptly as practicable within 10 calendar days and shall use its reasonable best efforts to
      cause such Registration Statement to be declared effective under the Securities Act as promptly as practicable after the filing thereof.

    

    

    
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    No Demand Registration shall be deemed to have occurred for purposes of this Section 3 if (i) the Registration Statement relating thereto (x) does not become effective, (y) is not maintained effective for the period
      required pursuant to this Section 3 or (z) the offering of the Registrable Securities pursuant to such Registration Statement is subject to a stop order, injunction, or similar order or requirement of the SEC during such period, in which case, such
      requesting Holder of Registrable Securities shall be entitled to an additional Demand Registration in lieu thereof, (ii) more than 90% of the Registrable Securities requested by the Demand Party to be included in the registration are not so included
      pursuant to Section 3(b)  or (iii) in the case of a Demand Registration for an underwritten offering, the conditions to closing specified in any underwriting agreement, purchase agreement or similar agreement entered into in connection with the
      registration relating to such request are not satisfied (other than as a result of a material default or breach thereunder by such Demand Party) or otherwise waived by such Demand Party; provided that the Company’s obligation to pay the registration
      expenses pursuant to Section 6 hereof in connection therewith shall still apply.

    

    

    As promptly as practicable within two calendar days after receipt by the Company of a Demand Notice in accordance with this Section 3(a), the Company shall give written notice (the “Demand Follow-up Notice”) of such
      Demand Notice to all other Holders of Registrable Securities and shall, subject to the provisions of Section 3(b) hereof, include in such registration all Registrable Securities with respect to which the Company received written requests for
      inclusion therein within five calendar days after such Demand Follow-up Notice is given by the Company to such Holders, provided that the Company shall not provide a Demand Follow-up Notice to any other Holder of Registrable Securities or holder of
      the Company’s equity securities in the case of a sale of Registrable Securities by the Investor to one or several purchasers pursuant to a Shelf Underwritten Offering by means of a bought deal, a block trade or a similar transaction that is an
      underwritten offering (a “Block Sale”).

    

    

    All requests made pursuant to this Section 3 will specify the number of Registrable Securities to be registered and the intended methods of disposition thereof.

    

    

    The Company shall be required to maintain the effectiveness of the Registration Statement with respect to any Demand Registration for a period of at least 180  calendar days after the effective date thereof or such
      shorter period during which all Registrable Securities included in such Registration Statement have actually been sold; provided, however, that such period shall be extended for a period of time equal to the period the Holder of
      Registrable Securities refrains from selling any securities included in such Registration Statement at the request of the Company or an underwriter of the Company pursuant to the provisions of this Agreement.

    

    

    (b)          Priority on Demand Registration.  If any of the Registrable Securities registered pursuant to a Demand Registration are to be sold in a firm commitment
      underwritten offering, and the managing underwriter or underwriters advise the Holders of such securities in writing that in its or their good faith opinion the total number or dollar amount of Registrable Securities proposed to be sold in such
      offering is such as to adversely affect the success of such offering (including, without limitation, securities proposed to be included by other Holders of securities entitled to include securities in such Registration Statement pursuant to
      incidental or piggyback registration rights), then there shall be included in such firm commitment underwritten offering the number or dollar amount of Registrable Securities that in the good faith opinion of such managing underwriter or underwriters
      can be sold without adversely affecting such offering, and such number of Registrable Securities shall be allocated as follows, unless the underwriter or underwriters require a different allocation:

    

    

    
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    (i)          first, to the Investor until all Registrable Securities requested for registration by the Investor have been included in such registration;

    

    

    (ii)         second, to any Holders other than the Investor requesting such Demand Registration (whether pursuant to a Demand Notice or pursuant to incidental or
      piggyback registration rights) among such Holders pro rata on the basis of the percentage of Registrable Securities owned by each such Holder relative to the number of Registrable Securities owned by all such Holders;

    

    

    (iii)        third, the securities for which inclusion in such Demand Registration, as the case may be, was requested by any other holders of Common Stock as a
      result of registration rights or otherwise; and

    

    

    (iv)        fourth, the securities for which inclusion in such Demand Registration was requested by the Company.

    

    

    (c)         Cancellation of a Demand Registration.  Each Demand Party and the Holders of a majority of the Registrable Securities which are to be registered in a particular
      offering pursuant to this Section 3 shall have the right, prior to the effectiveness of the Registration Statement, to notify the Company that it or they, as the case may be, has or have determined that such Registration Statement be abandoned or
      withdrawn, in which event the Company shall abandon or withdraw such registration statement.  Any Holder who has elected to sell Registrable Securities in an underwritten offering pursuant to this Section 3 (including the Demand Party of such Demand
      Registration) shall be permitted to withdraw from such registration by written notice to the Company if the price to the public at which the Registrable Securities are proposed to be sold will be less than 90% of the average closing price of the
      class of stock being sold in the offering during the 10 trading days preceding the date on which the Demand Notice of such offering was given pursuant to Section 3(a).

    

    

    (d)         Postponements in Requested Registrations.   If the Company shall at any time furnish to the Holders a certificate signed by its chairman of the board, chief
      executive officer, or president stating that the filing of a Registration Statement or conducting a Shelf Underwritten Offering or Non-Underwritten Shelf Take-Down would, in the good faith judgment of the Board of Directors of the Company (after
      consultation with external legal counsel), (i) require the Company to make an Adverse Disclosure or (ii) materially interfere with any material proposed acquisition, disposition, financing, reorganization, recapitalization or similar transaction
      involving the Company or any of its subsidiaries then under consideration, the Company may postpone the filing (but not the preparation) of a Registration Statement or the commencement of a Shelf Underwritten Offering, as applicable, required by this
      Section 3 until such circumstance is no longer continuing but not to exceed 90 days (such period, a “Postponement Period”); provided that the Company shall at all times in good faith use its commercially reasonable best efforts to
      cause any Registration Statement required by this Section 3 to be filed as soon as possible or any Shelf Underwritten Offering to be conducted as soon as possible, as applicable; provided, further, that the Company shall not be
      permitted to commence a Postponement Period pursuant to this Section 3(d) more than once in any 180‐day period.  The Company shall promptly give the Holders requesting registration thereof or that delivered a Take-Down Notice, as applicable, pursuant
      to this Section 3 written notice of any postponement made in accordance with the preceding sentence.

    

    

    
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    (e)         Shelf Registration Statement.

    

    

    (i)          No later than the expiration of the Lock-Up Period, the Company shall file with the SEC a shelf Registration Statement (on Form S-3 to the extent
      permissible) (a “Shelf Registration Statement”) covering the resale of all Registrable Securities, and shall use reasonable best efforts to cause such registration statement to become effective no later than the expiration of the Lock-Up Period. 
      Upon filing the Shelf Registration Statement, the Company shall use its reasonable best efforts to keep such Shelf Registration Statement effective with the SEC at all times and to re-file such Shelf Registration Statement upon its expiration, and
      subject to Sections 3(f) and (g), to cooperate in any shelf take-down, whether or not underwritten, by amending or supplementing the Prospectus related to such Shelf Registration Statement as may be reasonably requested by the Holders of Registrable
      Securities or as otherwise required, until such time as all Registrable Securities that could be sold in such Shelf Registration Statement have been sold or are no longer outstanding.

    

    

    (ii)         If the Company is a well-known seasoned issuer (as defined in Rule 405) (a “WKSI”) at a time when it is obligated to file a Shelf Registration
      Statement pursuant to this Agreement, the Company shall file an automatic shelf registration statement (as defined in Rule 405 of the Securities Act) on Form S-3 (an “Automatic Shelf Registration Statement”) in accordance with the requirements of the
      Securities Act and the rules and regulations of the SEC thereunder, that covers the Registrable Securities. The Company shall pay the registration fee for all Registrable Securities to be registered pursuant to an Automatic Shelf Registration
      Statement at the time of filing of the Automatic Shelf Registration Statement and shall not elect to pay any portion of the registration fee on a deferred basis. If at any time following the filing of an Automatic Shelf Registration Statement when
      the Company is required to re-evaluate its WKSI status the Company determines that it is not a WKSI, the Company shall use its reasonable best efforts to post-effectively amend the Automatic Shelf Registration Statement to a Shelf Registration
      Statement that is not automatically effective or file a new Shelf Registration Statement.

    

    

    
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    (iii)        To the extent that the Company becomes ineligible to use Form S-3, the Company shall file a “shelf” registration statement on Form S-1 registering the
      Registrable Securities for resale not later than 45 calendar days after the date of such ineligibility and use its reasonable best efforts to have such registration statement declared effective as promptly as practicable.

    

    

    (f)          Shelf-Take Downs.  At any time that a Shelf Registration Statement covering Registrable Securities pursuant to Section 2 or Section 3 is effective, the Investor
      may, deliver a written notice to the Company (a “Take-Down Notice”) stating that it intends to effect an underwritten offering (a “Shelf Underwritten Offering”) or other non-underwritten sale (a “Non-Underwritten Shelf Take-Down”)

      of all or part of its Registrable Securities included by it on the Shelf Registration Statement, then, the Company shall amend or supplement the Shelf Registration Statement as may be necessary in order to enable such Registrable Securities to be
      distributed pursuant to the Shelf Underwritten Offering (taking into account the inclusion of Registrable Securities by any other holders pursuant to Section 3(b)) or Non-Underwritten Shelf Take-Down; provided, however that the Holders of Registrable
      Securities may not, without the Company’s prior written consent, (i) launch a Shelf Underwritten Offering the anticipated gross cash proceeds of which shall be less than $75,000,000 (unless the Holders are proposing to sell all of their remaining
      Registrable Securities), (ii) launch more than three Shelf Underwritten Offerings at the request of the Holders within any 365-day period or (iii) launch a Shelf Underwritten Offering within the Quarterly Blackout Period.   The Investor shall be
      entitled to deliver an unlimited number of Take-Down Notices to effect a Non-Underwritten Shelf Take-Down with respect to the Registrable Securities held by the Investor in addition to the other registration rights provided in Section 2 and this
      Section 3.  In connection with any Shelf Underwritten Offering:

    

    

    (i)          the Company shall also as promptly as practicable within two business days deliver the Take-Down Notice to all other Holders with Registrable
      Securities included on such Shelf Registration Statement and permit each Holder to include its Registrable Securities included on the Shelf Registration Statement in the Shelf Underwritten Offering if such Holder notifies the Company (who shall
      notify the Investor) within two business days after delivery of the Take-Down Notice to such Holder, provided that the Company shall not provide a Take-Down Notice to any other Holder of Registrable Securities or holder of the Company’s equity
      securities in the case of a Block Sale by the Investor; and

    

    

    (ii)         in the event that the underwriter advises the Company (who shall notify the Investor) in its good faith opinion that the total number or dollar amount
      of Registrable Securities proposed to be sold in such offering is such as to adversely affect the success of such offering (including an adverse effect on the per -share offering price), the underwriter may limit the number of shares which would
      otherwise be included in such Shelf Underwritten Offering in the same manner as described in Section 3(b) with respect to a limitation of shares to be included in a registration.

    

    

    (g)         Selection of Underwriters.  If a requested registration pursuant to this Section 3 involves an underwritten offering, the investment banker(s) and manager(s) and
      lead investment banker(s) and manager(s) to administer the offering shall be chosen by the Demand Party, provided that if a Holder other than the Investor is the Demand Party, the investment banker(s) and manager(s) and lead investment banker(s) and
      manager(s) to administer the offering shall be chosen by the Investor, provided; further, that if a Holder other than the Demand Party will sell at least 50% of the Registrable Securities proposed to be sold in such offering and the Investor is not
      participating in such offering, the investment banker(s) and manager(s) and lead investment banker(s) and manager(s) shall be chosen by such other Holder (such other Holder, if any, the “Lead Holder”), in each case subject to the approval of the
      Company (not to be unreasonably delayed or withheld).  If the offering is underwritten, the right of any Holder to registration pursuant to this Section 3 will be conditioned upon such Holder’s participation in such underwriting and the inclusion of
      such Holder’s Registrable Securities in the underwriting (unless otherwise agreed by the Demand Party), and each such Holder will (together with the Company and the other Holders distributing their securities through such underwriting) enter into an
      underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting (including pursuant to the terms of any over-allotment or “green shoe” option requested by the managing underwriter(s)); provided that (x) no
      Holder shall be required to sell more than the number of Registrable Securities that such Holder has requested the Company to include in any registration and (y) if any Holder disapproves of the terms of the underwriting, such Holder may elect to
      withdraw prior to launching the applicable underwritten offering by written notice to the Company, the managing underwriter or underwriters and, in connection with an underwritten registration pursuant to this Section 3, the Demand Party.

    

    

    
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    4.          Registration Procedures.  If and whenever the Company is required to use its reasonable best efforts to effect the registration of any Registrable Securities under
      the Securities Act as provided in Section 2 and Section 3 hereof, the Company shall effect such registration to permit the sale of such Registrable Securities in accordance with the intended method or methods of disposition thereof, and pursuant
      thereto the Company shall cooperate in the sale of the securities and shall, as expeditiously as possible:

    

    

    (a)         prepare and file, in each case as promptly as practicable, with the SEC a Registration Statement or Registration Statements on such form as shall be
      available for the sale of the Registrable Securities by the Holders thereof or by the Company in accordance with the intended method or methods of distribution thereof, make all required filings with FINRA and use its reasonable best efforts to cause
      such Registration Statement to become effective as soon as practicable and to remain effective as provided herein; provided, however, that before filing a Registration Statement or Prospectus or any amendments or supplements thereto
      (including any free writing prospectuses under Rule 433 under the Securities Act (each a “Free Writing Prospectus”) and including such documents that would be incorporated or deemed to be incorporated therein by reference), the Company shall
      furnish or otherwise make available to the Holders of the Registrable Securities covered by such Registration Statement, their counsel and the managing underwriters, if any, copies of all such documents proposed to be filed, which documents will be
      subject to the reasonable review and comment of such counsel, and such other documents reasonably requested by such counsel, including any comment letter from the SEC, and, if requested by such counsel, provide such counsel reasonable opportunity to
      participate in the preparation of such Registration Statement and each Prospectus included therein and such other opportunities to conduct a reasonable investigation within the meaning of the Securities Act, including reasonable access to the
      Company’s books and records, officers, accountants and other advisors.  The Company shall not file any such Registration Statement or Prospectus or any amendments or supplements thereto (including any Free Writing Prospectuses and including such
      documents that, upon filing, would be incorporated or deemed to be incorporated by reference therein) with respect to a Demand Registration to which the Demand Party, the Holders of a majority of the Registrable Securities covered by such
      Registration Statement, or their counsel, or the managing underwriters, if any, shall reasonably object, in writing, on a timely basis, unless, in the opinion of the Company, such filing is necessary to comply with applicable law;

    

    

    
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    (b)         subject to Section 3(e), prepare and file with the SEC such amendments, post-effective amendments and supplements to each Registration Statement and the
      Prospectus used in connection therewith and such Free Writing Prospectuses and Exchange Act reports as may be necessary to keep such Registration Statement continuously effective during the period provided herein and comply in all material respects
      with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by such Registration Statement; and cause the related Prospectus to be supplemented by any Prospectus supplement as may be necessary to
      comply with the provisions of the Securities Act with respect to the disposition of the Registrable Securities covered by such Registration Statement, and as so supplemented to be filed pursuant to Rule 424 (or  any similar provisions then in force)
      under the Securities Act, in each case, until such time as all of such securities have been disposed of in accordance with the intended method or methods of disposition by the seller or sellers thereof set forth in such Registration Statement;

    

    

    (c)         notify each selling Holder of Registrable Securities, its counsel and the managing underwriters, if any, promptly, and (if requested by any such Person)
      confirm such notice in writing, (i) when a Prospectus or any Prospectus supplement or post-effective amendment or any Free Writing Prospectus has been filed, and, with respect to a Registration Statement or any post-effective amendment, when the same
      has become effective, (ii) of any request by the SEC or any other federal or state governmental authority for amendments or supplements to a Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC
      of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, (iv) if at any time the Company has reason to believe that the representations and warranties of the Company contained
      in any agreement (including any underwriting agreement) contemplated by Section 4(n) below cease to be true and correct, (v) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from
      qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any proceeding for such purpose, and (vi) of the happening of any event that makes any statement made in such Registration Statement,
      related Prospectus, Free Writing Prospectus, amendment or supplement thereto or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in such Registration
      Statement, Prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements
      therein, not misleading, and that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light of the circumstances under
      which they were made, not misleading (which notice shall notify the selling Holders only of the occurrence of such an event and shall provide no additional information regarding such event to the extent such information would constitute material
      non-public information);

    

    

    
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    (d)         use its reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement, or the lifting of any
      suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction at the earliest date reasonably practical;

    

    

    (e)         if requested by the managing underwriters, if any, the Demand Party with respect to the offering or the Holders of a majority of the then issued and
      outstanding Registrable Securities being sold in connection with an underwritten offering, promptly include in a Prospectus supplement or post-effective amendment such information as the managing underwriters, if any, or such Demand Party or Holders,
      as the case may be, may reasonably request in order to permit the intended method of distribution of such Registrable Securities and make all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after
      the Company has received such request; provided, however, that the Company shall not be required to take any actions under this Section 4(e) that are not, in the opinion of counsel for the Company, in compliance with applicable law;

    

    

    (f)         deliver to each selling Holder of Registrable Securities, its counsel, and the underwriters, if any, without charge, as many copies of the Prospectus or
      Prospectuses (including each form of Prospectus) and each amendment, supplement or post-effective amendment thereto as such Persons may reasonably request from time to time in connection with the distribution of the Registrable Securities; and the
      Company, subject to the last paragraph of this Section 4, hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders of Registrable Securities and the underwriters, if any, in connection with
      the offering and sale of the Registrable Securities covered by such Prospectus and any such amendment or supplement thereto;

    

    

    (g)         prior to any public offering of Registrable Securities, use its reasonable best efforts to register or qualify or cooperate with the selling Holders of
      Registrable Securities, the underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the
      securities or “Blue Sky” laws of such jurisdictions within the United States as any seller or underwriter reasonably requests in writing and to keep each such registration or qualification (or exemption therefrom) effective during the period such
      Registration Statement is required to be kept effective and to take any other action that may be necessary or advisable to enable such Holders of Registrable Securities to consummate the disposition of such Registrable Securities in such jurisdiction
      in accordance with the intended method or methods of disposition thereof; provided, however, that the Company will not be required to (i) qualify generally to do business in any jurisdiction where it is not then so required to qualify but for this
      paragraph (g) or (ii) take any action that would subject it to general service of process in any such jurisdiction where it is not then so subject (other than service of process in connection with such registration or qualification or any sale of
      Registrable Securities in connection therewith);

    

    

    
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    (h)         cooperate with the selling Holders of Registrable Securities and the managing underwriters, if any, to facilitate the timely preparation and delivery of
      certificates (not bearing any legends) representing Registrable Securities to be sold after receiving written representations from each Holder of such Registrable Securities that the Registrable Securities represented by the certificates so delivered
      by such Holder will be transferred in accordance with the Registration Statement, and enable such Registrable Securities to be in such denominations and registered in such names as the managing underwriters, if any, or Holders may request;

    

    

    (i)          use its reasonable best efforts to cause the Registrable Securities covered by the Registration Statement to be registered with or approved by such
      other governmental agencies or authorities within the United States as may be necessary in light of the business or operations of the Company to enable the seller or sellers thereof or the managing underwriters, if any, to consummate the disposition
      of such Registrable Securities, in accordance with the intended method or methods thereof, except as may be required solely as a consequence of the nature of such selling Holder’s business, in which case the Company will cooperate in all reasonable
      respects with the filing of such Registration Statement and the granting of such approvals, as may be necessary to enable the seller or sellers thereof or the underwriters, if any, to consummate the disposition of such Registrable Securities in
      accordance with the intended method or methods thereof;

    

    

    (j)          upon the occurrence of any event contemplated by Section 4(c)(vi) above, promptly prepare a supplement or post-effective amendment to the Registration
      Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities
      being sold thereunder, such Prospectus will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they
      were made, not misleading;

    

    

    (k)         prior to the effective date of the Registration Statement relating to the Registrable Securities, provide a CUSIP number for the Registrable Securities;

    

    

    
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    (l)          provide and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by such Registration Statement from and after
      a date not later than the effective date of such Registration Statement (and in connection therewith, if reasonably required by the Company’s transfer agent, the Company will cause an opinion of counsel as to the effectiveness of the Registration
      Statement to be delivered to such transfer agent, together with any other authorizations, certificates and directions reasonably required by the transfer agent which authorize and direct the transfer agent to issue such Registrable Securities without
      any legend upon sale by the Holder or the underwriter or managing underwriter of an underwritten offering of Registrable Securities, if any, of such Registrable Securities under the Registration Statement);

    

    

    (m)        use its reasonable best efforts to cause all shares of Registrable Securities covered by such Registration Statement to be listed on the NYSE or other
      national securities exchange on which the Common Stock is then listed, prior to the effectiveness of such Registration Statement (or, if no Common Stock issued by the Company is then listed on any securities exchange, use its reasonable best efforts
      to cause such Registrable Securities to be so listed on the NYSE or NASDAQ, as determined by the Company);

    

    

    (n)        enter into such agreements (including an underwriting agreement in form, scope and substance as is customary in underwritten offerings) and take all such
      other actions reasonably requested by the Demand Party or the Holders of a majority of the Registrable Securities being sold in connection therewith (including those reasonably requested by the managing underwriters, if any) to expedite or facilitate
      the disposition of such Registrable Securities, and in such connection, whether or not an underwriting agreement is entered into and whether or not the registration is an underwritten registration, (i) make such representations and warranties to the
      Holders of such Registrable Securities and the underwriters, if any, with respect to the business of the Company and its subsidiaries, and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by
      reference therein, in each case, in form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings, and, if true, confirm the same if and when requested, (ii) use its reasonable best efforts to furnish to the
      selling Holders and the underwriters, if any, opinions of outside counsel to the Company and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriters, if any), addressed
      to each of the underwriters, if any, covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by such counsel and underwriters, (iii) use its reasonable best
      efforts to obtain “cold comfort” letters and updates thereof from the independent certified public accountants of the Company (and, if necessary, any other independent certified public accountants of any subsidiary of the Company or of any business
      acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration Statement) who have certified the financial statements included in such Registration Statement, addressed to each
      selling Holder of Registrable Securities (unless such accountants shall be prohibited from so addressing such letters by applicable standards of the accounting profession) and each of the underwriters, if any, such letters to be in customary form and
      covering matters of the type customarily covered in “cold comfort” letters in connection with underwritten offerings, (iv) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures substantially to
      the effect set forth in Section 8 hereof with respect to all parties to be indemnified pursuant to said Section except as otherwise agreed by the Holders and (v) deliver such documents and certificates as may be reasonably requested by the Demand
      Party, the Holders of a majority of the Registrable Securities being sold pursuant to such Registration Statement, its or their counsel or the managing underwriters, if any, to evidence the continued validity of the representations and warranties
      made pursuant to Section 4(n)(i) above and to evidence compliance with any customary conditions contained in the underwriting agreement or other agreement entered into by the Company.  The above shall be done at each closing under such underwriting
      or similar agreement, or as and to the extent required thereunder;

    

    

    
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    (o)         make available for inspection by a representative of the selling Holders of Registrable Securities, any underwriter participating in any such
      disposition of Registrable Securities, if any, and any attorneys or accountants retained by such selling Holders or underwriter, at the offices where normally kept, during reasonable business hours, all financial and other records, pertinent
      corporate documents and properties of the Company and its subsidiaries, and cause the officers, directors and employees of the Company and its subsidiaries to supply all information in each case reasonably requested by any such representative,
      underwriter, attorney or accountant in connection with such Registration Statement; provided, however, that any information that is not generally publicly available at the time of delivery of such information shall be kept
      confidential by such Persons unless (i) disclosure of such information is required by court or administrative order, (ii) disclosure of such information, in the opinion of counsel to such Person, is required by law or applicable legal process, or
      (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by such Person.  In the case of a proposed disclosure pursuant to (i) or (ii) above, such Person shall be required to give
      the Company written notice of the proposed disclosure prior to such disclosure and, if requested by the Company, assist the Company in seeking to prevent or limit the proposed disclosure.  Without limiting the foregoing, no such information shall be
      used by such Person as the basis for any market transactions in securities of the Company or its subsidiaries in violation of law;

    

    

    (p)         cause its officers, including its executive officers, to use their reasonable best efforts to support the marketing of the Registrable Securities
      covered by the Registration Statement (including, without limitation, participation in “road shows” and other customary marketing activities) taking into account the Company’s business needs;

    

    

    (q)         cooperate with each seller of Registrable Securities and each underwriter or agent participating in the disposition of such Registrable Securities and
      their respective counsel in connection with any filings required to be made with FINRA;

    

    

    (r)          otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the SEC, and make available to its security holders,
      as soon as reasonably practicable, an earnings statement covering the period of at least twelve months beginning with the first day of the Company’s first full calendar quarter after the effective date of the Registration Statement, which earnings
      statement will satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; and

    

    

    
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    (s)         cooperate with the Holders of Registrable Securities subject to the Registration Statement and with the underwriter(s) or agent participating in the
      distribution, if any, to facilitate any Charitable Gifting Event and to prepare and file with the SEC such amendments and supplements to such Registration Statement and the Prospectus used in connection therewith as may be necessary to permit any
      such recipient Charitable Organization to sell in the underwritten offering if it so elects.

    

    

    The Company may require each Holder of Registrable Securities as to which any registration is being effected to furnish to the Company in writing such information required in connection with such registration regarding
      such seller and the distribution of such Registrable Securities as the Company may, from time to time, reasonably request in writing and the Company may exclude from such registration the Registrable Securities of any Holder who unreasonably fails to
      furnish such information within a reasonable time after receiving such request.

    

    

    The Company agrees not to file or make any amendment to any Registration Statement with respect to any Registrable Securities, or any amendment of or supplement to the Prospectus or any Free Writing Prospectus used in
      connection therewith, that refers to any Holder of Registrable Securities covered thereby by name, or otherwise identifies such Holder as the holder of any securities of the Company, without the consent of such Holder, such consent not to be
      unreasonably withheld or delayed, unless and to the extent such disclosure is required by law.

    

    

    If the Company files any Shelf Registration Statement for the benefit of the holders of any of its securities other than the Holders of Registrable Securities, the Company agrees that it shall use its reasonable best
      efforts to include in such registration statement such disclosures as may be required by Rule 430B under the Securities Act (referring to the unnamed selling security holders in a generic manner by identifying the initial offering of the securities
      to the Holders) in order to ensure that such Holders may be added to such Shelf Registration Statement at a later time through the filing of a Prospectus supplement rather than a post-effective amendment.

    

    

    Notwithstanding any provision hereof to the contrary, to the extent that any pro rata or other allocation or reduction of Registrable Securities is required pursuant to Sections 2(b), 3(b), 3(g)(ii) or any other section
      herein, (i) all Registrable Securities transferred by a Holder of Registrable Securities to a Charitable Organization in connection with an underwritten offering for which such pro rata or other allocation is required shall be included in the number
      of Registrable Securities deemed to be held by each Holder of Registrable Securities (or deemed to be included in such Holder’s request for inclusion of Registrable Securities) for purposes of calculating such Holder’s pro rata allocation or
      reduction in such underwritten offering and (ii) the number of Registrable Securities that a Holder is otherwise entitled to include in such underwritten offering shall be reduced by the number of Registrable Securities transferred by such Holder to
      a Charitable Organization in connection with such underwritten offering.

    

    

    
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    Each Holder of Registrable Securities agrees if such Holder has Registrable Securities covered by such Registration Statement that, upon receipt of any notice from the Company of the happening of any event of the kind
      described in Section 4(c)(ii), 4(c)(iii), 4(c)(iv), 4(c)(v) or 4(c)(vi) hereof, such Holder will forthwith discontinue disposition of such Registrable Securities covered by such Registration Statement or Prospectus until such Holder’s receipt of the
      copies of the supplemented or amended Prospectus contemplated by Section 4(j) hereof, or until it is advised in writing by the Company that the use of the applicable Prospectus may be resumed, and has received copies of any additional or supplemental
      filings that are incorporated or deemed to be incorporated by reference in such Prospectus; provided, however, that the time periods under Section 3 with respect to the length of time that the effectiveness of a Registration Statement
      must be maintained shall automatically be extended by the amount of time the Holder is required to discontinue disposition of such securities.

    

    

    5.          Indemnification.

    

    

    (a)          Indemnification by the Company.  The Company shall, without limitation as to time, indemnify and hold harmless, to the fullest extent permitted by law, each Holder
      of Registrable Securities whose Registrable Securities are covered by a Registration Statement or Prospectus, the officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees of each of them, each
      Person who controls each such Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, partners, members, managers, shareholders, accountants, attorneys, agents and employees of
      each such controlling person, each underwriter, if any, and each Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) such underwriter (each such person being referred to herein as a “Covered

        Person”), from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, costs of preparation and reasonable attorneys’ fees and any legal or other fees or expenses incurred by such party in connection
      with any investigation or proceeding), expenses, judgments, fines, penalties, charges and amounts paid in settlement (collectively, “Losses”), as incurred, arising out of or based upon any untrue statement (or alleged untrue statement) of a
      material fact contained in any Prospectus, offering circular, or other document (including any related Registration Statement, notification, or the like or Free Writing Prospectus or any amendment thereof or supplement thereto or any document
      incorporated by reference therein) incident to any such registration, qualification, or compliance, or based on any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements
      therein not misleading, or any violation by the Company of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation thereunder applicable to the Company and (without limitation of the preceding portions of this
      Section 5(a)) will reimburse each such Covered Person for any legal and any other expenses reasonably incurred in connection with investigating and defending or settling any such Loss, provided that the Company will not be liable in any such
      case to the extent that any such Loss arises out of or is based on any untrue statement or omission by such Covered Person related to such Covered Person or its Affiliates (other than the Company or any of its subsidiaries, but only to the extent,
      that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such Registration Statement, Prospectus, offering circular, Free Writing Prospectus or any amendment thereof or supplement thereto, or any document
      incorporated by reference therein, or other document in reliance upon and in conformity with written information furnished to the Company by such Covered Person with respect to such Covered Person for use therein.  It is agreed that the indemnity
      agreement contained in this Section 5(a) shall not apply to amounts paid in settlement of any such Loss or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably delayed or withheld), provided
      that notwithstanding the foregoing, the indemnity agreement contained in this Section 5(a) shall apply to amounts paid in settlement of any Loss or action even if such settlement is effected without the consent of the Company if the Company does not
      timely reply to a request for its consent.

    

    

    
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    (b)         Indemnification by Holder of Registrable Securities.  The Company may require, as a condition to including any Registrable Securities in any Registration Statement
      filed in accordance with Section 4 hereof, that the Company shall have received an undertaking reasonably satisfactory to it from the participating Holder of such Registrable Securities to indemnify, to the fullest extent permitted by law, severally
      and not jointly with any other Holders of Registrable Securities, the Company, its directors and officers and each Person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), from and
      against all Losses arising out of or based on any untrue statement of a material fact contained in any such Registration Statement, Prospectus, Free Writing Prospectus, offering circular, or other document, or any omission to state therein a material
      fact required to be stated therein or necessary to make the statements therein not misleading, and will (without limitation of the portions of this Section 5(b)) reimburse the Company, such directors, officers and controlling persons for any legal or
      any other expenses reasonably incurred in connection with investigating or defending any such Loss, in each case to the extent, but only to the extent, that such untrue statement or omission is made in such Registration Statement, Prospectus, Free
      Writing Prospectus, offering circular, or other document in reliance upon and in conformity with written information furnished to the Company by such Holder with respect to such Holder for inclusion in such Registration Statement, Prospectus,
      offering circular or other document; provided, however, that the obligations of such Holder hereunder shall not apply to amounts paid in settlement of any such Losses (or actions in respect thereof) if such settlement is effected without the consent
      of such Holder (which consent shall not be unreasonably withheld); and provided, further, that the liability of such Holder of Registrable Securities shall be individual, not joint and several, for each Holder of Registrable Securities and shall be
      limited to the net proceeds received by such selling Holder from the sale of Registrable Securities covered by such Registration Statement, Prospectus, offering circular or other document containing such untrue statement (or alleged untrue statement)
      or omission (or alleged omission)  (less the aggregate amount of any damages which such Holder has otherwise been required to pay in respect of such Loss or any substantially similar Loss arising from the sale of such Registrable Securities).

    

    

    (c)          Conduct of Indemnification Proceedings.  If any Person shall be entitled to indemnity hereunder (an “Indemnified Party”), such Indemnified Party shall give
      prompt notice to the party from which such indemnity is sought (the “Indemnifying Party”) of any claim or of the commencement of any proceeding with respect to which such Indemnified Party seeks indemnification or contribution pursuant hereto;
      provided, however, that the delay or failure to so notify the Indemnifying Party shall not relieve the Indemnifying Party from any obligation or liability except to the extent that the Indemnifying Party has been materially prejudiced
      by such delay or failure.  The Indemnifying Party shall have the right, exercisable by giving written notice to an Indemnified Party promptly after the receipt of written notice from such Indemnified Party of such claim or proceeding, to, unless in
      the Indemnified Party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist in respect of such claim, assume, at the Indemnifying Party’s expense, the defense of any such claim or proceeding, with
      counsel reasonably satisfactory to such Indemnified Party; provided, however, that an Indemnified Party shall have the right to employ separate counsel in any such claim or proceeding and to participate in the defense thereof, but the
      fees and expenses of such counsel shall be at the expense of such Indemnified Party unless:  (i) the Indemnifying Party agrees to pay such fees and expenses; or (ii) the Indemnifying Party fails promptly to assume, or in the event of a conflict of
      interest cannot assume, the defense of such claim or proceeding or fails to employ counsel reasonably satisfactory to such Indemnified Party; in which case the Indemnified Party shall have the right to employ counsel and to assume the defense of such
      claim or proceeding at the Indemnifying Party’s expense; provided, further, however, that the Indemnifying Party shall not, in connection with any one such claim or proceeding or separate but substantially similar or related
      claims or proceedings in the same jurisdiction, arising out of the same general allegations or circumstances, be liable for the fees and expenses of more than one firm of attorneys (together with appropriate local counsel) at any time for all of the
      Indemnified Parties, or for fees and expenses that are not reasonable.  Whether or not such defense is assumed by the Indemnifying Party, such Indemnifying Party will not be subject to any liability for any settlement made without its consent (but
      such consent will not be unreasonably delayed or withheld).  Without the prior written consent of the Indemnified Party, the Indemnifying Party shall not consent to entry of any judgment or enter into any settlement that (x) does not include as an
      unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release, in form and substance reasonably satisfactory to the Indemnified Party, from all liability in respect of such claim or litigation for which
      such Indemnified Party would be entitled to indemnification hereunder or (y) involves the imposition of equitable remedies or the imposition of any obligations on the Indemnified Party or adversely affects such Indemnified Party other than as a
      result of financial obligations for which such Indemnified Party would be entitled to indemnification hereunder.

    

    

    
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    (d)          Contribution.  If the indemnification provided for in this Section 5 is unavailable to an Indemnified Party in respect of any Losses (other than in accordance with
      its terms), then each applicable Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such Losses, in such proportion as is appropriate to reflect
      the relative fault of the Indemnifying Party, on the one hand, and such Indemnified Party, on the other hand, in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable
      considerations.  The relative fault of such Indemnifying Party, on the one hand, and Indemnified Party, on the other hand, shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue
      statement of a material fact or omission or alleged omission to state a material fact, has been made (or omitted) by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge,
      access to information and opportunity to correct or prevent any such action, statement or omission.

    

    

    
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    The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take account of the
      equitable considerations referred to in the immediately preceding paragraph.  Notwithstanding the provisions of this Section 5(d), an Indemnifying Party that is a selling Holder of Registrable Securities shall not be required to contribute any amount
      in excess of the net proceeds to such Holder from the Registrable Securities sold pursuant to the Registration Statement which gives rise to such obligation to contribute (less the aggregate amount of any damages which the Holder has otherwise been
      required to pay in respect of such Loss or any substantially similar Loss arising from the sale of such Registrable Securities).  No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
      entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation.  No selling Holder shall be liable for contribution under this Section 5(d), except under such circumstances as such selling Holder would have been
      liable for indemnification under this Section 5 if such indemnification were enforceable under applicable law.

    

    

    Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten offering are more favorable to
      the Holders than the foregoing provisions, the provisions in the underwriting agreement shall control.

    

    

    (e)         Deemed Underwriter.  To the extent that any of the Holders of Registrable Securities is, or would be expected to be, deemed to be an underwriter of Registrable
      Securities pursuant to any SEC comments or policies or any court of law or otherwise, the Company agrees that (i) the indemnification and contribution provisions contained in this Section 5 shall be applicable to the benefit of such Holder in its
      role as deemed underwriter in addition to its capacity as a Holder (so long as the amount for which any other Holder is or becomes responsible does not exceed the amount for which such Holder would be responsible if the Holder were not deemed to be
      an underwriter of Registrable Securities) and (ii) such Holder and its representatives shall be entitled to conduct the due diligence which would normally be conducted in connection with an offering of securities registered under the Securities Act,
      including receipt of customary opinions and comfort letters.

    

    

    (f)          Other Indemnification.  Indemnification similar to that specified in the preceding provisions of this Section 5 (with appropriate modifications) shall be given by
      the Company and each seller of Registrable Securities with respect to any required registration or other qualification of securities under any federal or state law or regulation or governmental authority other than the Securities Act.

    

    

    (g)         Non-Exclusivity.  The obligations of the parties under this Section 5 shall be in addition to any liability which any party may otherwise have to any other party.

    

    

    
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    6.          Registration Expenses.  All reasonable fees and expenses incident to the performance of or compliance with this Agreement by the Company (including, without
      limitation, (i) all registration and filing fees (including, without limitation, fees and expenses (A) with respect to filings required to be made with the SEC, NYSE, FINRA or the National Association of Securities Dealers, Inc. and (B) of compliance
      with securities or Blue Sky laws, including, without limitation, any fees and disbursements of counsel for the underwriters in connection with Blue Sky qualifications of the Registrable Securities pursuant to Section 4(h)), (ii) printing expenses
      (including, without limitation, expenses of printing certificates for Registrable Securities in a form eligible for deposit with The Depository Trust Company and of printing Prospectuses if the printing of Prospectuses is requested by the managing
      underwriters, if any, the Demand Party or by the Holders of a majority of the Registrable Securities included in any Registration Statement), (iii) messenger, telephone and delivery expenses of the Company, (iv) fees and disbursements of counsel for
      the Company, (v) expenses of the Company incurred in connection with any road show, (vi) fees and disbursements of all independent certified public accountants referred to in Section 4(o) hereof (including, without limitation, the expenses of any
      “cold comfort” letters required by this Agreement) and any other persons, including special experts retained by the Company and (vii) fees and disbursements of one counsel for the Holders of Registrable Securities whose shares are included in a
      Registration Statement (which counsel shall be selected as set forth in Section 8)) shall be borne by the Company whether or not any Registration Statement is filed or becomes effective.  In addition, the Company shall pay its internal expenses
      (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit, the fees and expenses incurred in connection with the listing of the securities to be
      registered on the NYSE or such other national securities exchange on which the Common Stock is listed and rating agency fees and the fees and expenses of any Person, including special experts, retained by the Company.

    

    

    The Company shall not be required to pay (i) fees and disbursements of any counsel retained by any Holder of Registrable Securities or by any underwriter (except as set forth in this Section 6 and in Section 8 or
      pursuant to the underwriting agreement entered into in connection with such offering), (ii) any underwriter’s fees (including discounts, commissions or fees of underwriters, selling brokers, dealer managers or similar securities industry
      professionals) relating to the distribution of the Registrable Securities (other than with respect to Registrable Securities sold by the Company), or (iii) any other expenses of the Holders of Registrable Securities not specifically required to be
      paid by the Company pursuant to the first paragraph of this Section 6.

    

    

    7.          Rule 144.  The Company covenants that it will file the reports required to be filed by it under the Securities Act and the Exchange Act and the rules and
      regulations adopted by the SEC thereunder (or, if the Company is not required to file such reports, it will, upon the request of any Demand Party, make publicly available such information so long as necessary to permit sales of Registrable Securities
      pursuant to Rule 144), and it will take such further action as any Holder of Registrable Securities (or, if the Company is not required to file reports as provided above, any Demand Party) may reasonably request, all to the extent required from time
      to time to enable such Holder to sell shares of Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (i) Rule 144 under the Securities Act, as such Rule may be amended from time to
      time, or (ii) any similar rule or regulation hereafter adopted by the SEC.  Upon the request of any Holder of Registrable Securities, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements
      and, if not, the specific requirements with which it did not so comply.  Notwithstanding anything contained in this Section 7, the Company may deregister under Section 12 of the Exchange Act if it then is permitted to do so pursuant to the Exchange
      Act and the rules and regulations thereunder.

    

    

    
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    8.          Selection of Counsel.  In connection with any registration of Registrable Securities pursuant to Section 2 or 3 hereof, if the Investor is participating in such
      registration pursuant to Section 2 or 3 hereof, the Investor may select one counsel to represent it and all other Holders participating in such registration, and if the Investor is not participating in such registration pursuant to Section 2 or 3
      hereof, the Holders other than the Investor of a majority of the Registrable Securities covered by any such registration may select one counsel to represent such other Holders of Registrable Securities covered by such registration; provided,
      however, that in the event that the counsel selected as provided above is also acting as counsel to the Company in connection with such registration, the Holders shall be entitled to select one additional counsel at the Company’s expense to
      represent all Holders.

    

    

    9.          Miscellaneous.

    

    

    (a)          Holdback Agreement.  In consideration for the Company agreeing to its obligations under this Agreement, each Holder agrees in connection with any underwritten
      offering of the Company’s securities with respect to which the Company has complied with its obligations under Section 2 or Section 3 of this Agreement, as applicable (whether or not such Holder is participating in such offering) upon the request of
      the underwriters managing any such underwritten offering, not to effect (other than pursuant to such offering) any public sale or distribution of Registrable Securities, including, but not limited to, any sale pursuant to Rule 144, or make any short
      sale of, grant any option for the purchase of, or otherwise dispose of any Registrable Securities, any other equity securities of the Company or any securities convertible into or exchangeable or exercisable for any equity securities of the Company,
      in each case without the prior written consent of such underwriters and subject to customary exceptions, during the Holdback Period; provided that nothing herein will prevent (i) any Holder that is a partnership or corporation from making a
      transfer to an Affiliate that is otherwise in compliance with applicable securities laws, (ii) any pledge of Registrable Securities by a Holder in connection with a Permitted Loan (as defined in the Investment Agreement) or (iii) any foreclosure in
      connection with a Permitted Loan (as defined in the Investment Agreement) or transfer in lieu of a foreclosure thereunder, in each case that is otherwise in compliance with applicable securities laws.  Notwithstanding the foregoing, any discretionary
      waiver or termination of this holdback provision by such underwriters with respect to any of the Holders shall apply to the other Holders as well, pro rata based upon the number of shares subject to such obligations.

    

    

    If any registration pursuant to Section 3 of this Agreement shall be in connection with any underwritten public offering, if requested by the managing underwriter or underwriters, the Company will not effect any
      public sale or distribution of any common equity (or securities convertible into or exchangeable or exercisable for common equity) (other than a registration statement (i) on Form S‐4, Form S‐8 or any successor forms thereto or (ii) filed solely in
      connection with an exchange offer or any employee benefit or dividend reinvestment plan) for its own account, during the Holdback Period.

    

    

    
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    (b)         Amendments and Waivers.  The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or
      consents to departures from the provisions hereof may not be given without the written consent of each of the Company and the Holders of a majority of the Registrable Securities; provided, however, that (x) any amendment, modification, supplement,
      waiver or consent to departures from the provisions of this Agreement that would subject a Stockholder to adverse differential treatment relative to the other Stockholders shall require the agreement of the differentially treated Stockholder and (y)
      any amendment, modification, supplement, waiver or consent to departures from the provisions of this Agreement that would be adverse to a right specifically granted to a specific Stockholder herein (but not to other Stockholders) shall require the
      agreement of that Stockholder. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of Holders whose securities are being sold pursuant to a
      Registration Statement and that does not directly or indirectly affect the rights of other Holders may be given by Holders of at least a majority of the Registrable Securities being sold by such Holders pursuant to such Registration Statement.

    

    

    (c)         Successors, Assigns and Transferees.  This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and
      permitted assigns.  The provisions of this Agreement which are for the benefit of the parties hereto other than the Company may be transferred or assigned to any Person in connection with a Transfer (as defined in the Investment Agreement) of Series
      A Preferred Stock or Common Stock issued upon conversion of the Series A Preferred Stock to such Person in a Transfer permitted by Section 5.08(b)(i) of the Investment Agreement; provided, however, that (i) prior written
      notice of such assignment of rights is given to the Company and (ii) such transferee agrees in writing to be bound by, and subject to, this Agreement as a “Holder” pursuant to a written instrument in form and substance reasonably acceptable to the
      Company.  Except as provided in Section 5 with respect to an Indemnified Party, nothing expressed or mentioned in this Agreement is intended or shall be construed to give any Person other than the parties hereto and their respective successors and
      permitted assigns any legal or equitable right, remedy or claim under, or in respect of this Agreement or any provision herein contained.

    

    

    (d)         Notices.  All notices, requests and other communications to any party hereunder shall be in writing and shall be deemed given if delivered personally, emailed
      (which is confirmed) or sent by overnight courier (providing proof of delivery) to the parties at the following addresses:

    

    

    
      23

      
        

    

    

    

    

    

    	 	
            If to the Company, to:

          	 
	 	 	 
	 	
            US Foods, Inc.

          	 
	 	
            9399 W. Higgins Road, Suite 100

          	 
	 	
            Rosemont, IL 60018

          	 
	 	
            Attention:     General Counsel

          
	 	
            Email:           legalnotices@usfoods.com

          
	 	 	 
	 	
            with a copy (which shall not constitute notice) to:

          
	 	 	 
	 	
            Cravath, Swaine & Moore LLP

          	 
	 	
            Worldwide Plaza

          	 
	 	
            825 Eighth Avenue

          	 
	 	
            New York, NY 10019

          	 
	 	
            Attention:       Robert I. Townsend, Esq.

          
	 	
                                   O. Keith Hallam, III, Esq.

          
	 	
                                   Jenny Hochenberg, Esq.

          
	 	
            Email:             rtownsend@cravath.com

          
	 	
                                   khallam@cravath.com

          
	 	
                                   jhochenberg@cravath.com

          
	 	 	 
	 	
            if to the Stockholders or the Investor, to the Investor, to:

          
	 	 	 
	 	
            KKR Fresh Aggregator L.P.

          	 
	 	
            c/o Kohlberg Kravis Roberts & Co. L.P.

          	 
	 	
            2800 Sand Hill Road, Suite 200

          	 
	 	
            Menlo Park, California 94025

          	 
	 	
            Attention:     Nate Taylor

          
	 	
            Email:           nate.taylor@kkr.com

          
	 	 	 
	 	
            with a copy (which shall not constitute notice) to:

          
	 	 	 
	 	
            Simpson Thacher & Bartlett LLP

          	 
	 	
            425 Lexington Avenue

          	 
	 	
            New York, NY 10017

          	 
	 	
            Attention:     Marni J. Lerner, Esq.

          
	 	
            Email:           mlerner@stblaw.com

          

    

    

    or such other address or email address as such party may hereafter specify by like notice to the other parties hereto.  All such notices, requests and other communications shall be deemed received on the date of actual receipt by the recipient
      thereof if received prior to 5:00 p.m. local time in the place of receipt and such day is a business day in the place of receipt.  Otherwise, any such notice, request or communication shall be deemed not to have been received until the next
      succeeding business day in the place of receipt.

    

    

    
      24

      
        

    

    

    

    

    

    (e)          Descriptive Headings.  The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning of terms contained
      herein.

    

    

    (f)          Severability.  If any term, condition or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or incapable
      of being enforced by any rule of law or public policy, all other terms, provisions and conditions of this Agreement shall nevertheless remain in full force and effect.  Upon such determination that any term, condition or other provision is invalid,
      illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible to the fullest extent permitted by applicable law.

    

    

    (g)          Counterparts.  This Agreement may be executed in one or more counterparts (including by facsimile or electronic mail), each of which shall be deemed to be an
      original but all of which taken together shall constitute one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the parties hereto and delivered to the other parties hereto.

    

    

    (h)          Governing Law; Submission to Jurisdiction.  This Agreement and all legal or administrative proceedings, suits, investigations, arbitrations or actions (“Actions”)

      (whether at law, in equity, in contract, in tort or otherwise) based upon, arising out of or relating to this Agreement or the negotiation, execution or performance of this Agreement, shall be governed by, and construed in accordance with, the laws
      of the State of Delaware applicable to contracts executed in and to be performed entirely within that State, regardless of the laws that might otherwise govern under any applicable conflict of laws principles.

    

    

    All Actions arising out of or relating to this Agreement shall be heard and determined in the Chancery Court of the State of Delaware (or, if the Chancery Court of the State of Delaware declines to accept jurisdiction
      over any Action, any state or federal court within the State of Delaware) and the parties hereto hereby irrevocably submit to the exclusive jurisdiction and venue of such courts in any such Action and irrevocably waive the defense of an inconvenient
      forum or lack of jurisdiction to the maintenance of any such Action.  The consents to jurisdiction and venue set forth in this Section 9(h) shall not constitute general consents to service of process in the State of Delaware and shall have no effect
      for any purpose except as provided in this paragraph and shall not be deemed to confer rights on any Person other than the parties hereto.  Each party hereto agrees that service of process upon such party in any Action arising out of or relating to
      this Agreement shall be effective if notice is given by overnight courier at the address set forth in Section 9(d) of this Agreement.  The parties hereto agree that a final judgment in any such Action shall be conclusive and may be enforced in other
      jurisdictions by suit on the judgment or in any other manner provided by applicable law; provided that nothing in the foregoing shall restrict any party’s rights to seek any post-judgment relief regarding, or any appeal from, a final trial
      court judgment.

    

    

    (i)          Specific Performance.  Each party hereto acknowledges that money damages would not be an adequate remedy in the event that any of the covenants or agreements in
      this Agreement are not performed in accordance with its terms, and it is therefore agreed that in addition to and without limiting any other remedy or right it may have, the non-breaching party will have the right to an injunction, temporary
      restraining order or other equitable relief in any court of competent jurisdiction enjoining any such breach and enforcing specifically the terms and provisions hereof.

    

    

    
      25

      
        

    

    

    

    

    

    (j)          Further Assurances.  At any time or from time to time after the date hereof, the parties agree to cooperate with each other, and at the request of any other party,
      to execute and deliver any further instruments or documents and to take all such further action as the other party may reasonably request in order to evidence or effectuate the consummation of the transactions contemplated hereby and to otherwise
      carry out the intent of the parties hereunder.

    

    

    (k)          Termination.  The provisions of this Agreement (other than Section 5 and Section 6) shall terminate upon the earliest to occur of (i) its termination by the
      written agreement of all parties hereto or their respective successors in interest, (ii) the date on which all shares of Common Stock have ceased to be Registrable Securities and (iii) the dissolution, liquidation or winding up of the Company. 
      Nothing herein shall relieve any party from any liability for the breach of any of the agreements set forth in this Agreement.

    

    

    (l)          No Inconsistent Agreements; Most Favored Nations.  The Company shall not hereafter enter into any agreement with respect to its securities that is inconsistent
      with or violates the rights granted to the Holders of Registrable Securities in this Agreement.  In the event that the Company desires to enter into any agreement with any Person, including any holder or prospective holder of any securities of the
      Company, giving or granting any registration (or related) rights the terms of which are more favorable than or senior to the registration or other rights granted to the Holders of Registrable Securities hereunder, then (i) the Company shall provide
      prior written notice thereof to the Holders of Registrable Securities and (ii) upon execution by the Company of such other agreement, the terms and conditions of this Agreement shall be, without any further action by the Holders or the Company,
      automatically amended and modified in an economically and legally equivalent manner such that the Holders shall receive the benefit of the more favorable terms and/or conditions (as the case may be) set forth in such other agreement, provided
      that upon written notice to the Company at any time, any Holder may elect not to accept the benefit of any such amended or modified term or condition, in which event the term or condition contained in this Agreement shall apply to such Holder as it
      was in effect immediately prior to such amendment or modification as if such amendment or modification never occurred with respect to such Holder.

    

    

    
      26

      
        

    

    

    

    

    

    IN WITNESS WHEREOF, each of the undersigned has executed this Agreement or caused this Agreement to be duly executed on its behalf as of the date first written above.

    

    

    
      	 	US FOODS HOLDING CORP.	 
	 	 	 	 
	

            	
              By: 

            	/s/ Pietro Satriano 	 
	 	 	Name: 

            	 Pietro Satriano	 
	 	 	Title:  

            	 Chairman and Chief Executive Officer	 
	 	 	 	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    [Signature Page to Registration Rights Agreement]

    

    

    

    

    
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      	 	KKR FRESH AGGREGATOR L.P.	 
	 	 	 
	 	 By: KKR Fresh Aggregator GP LLC, its general partner

            	 
	 	 	 

            	 
	
              

              

            	 	
              By: 

            	/s/ Nathaniel H. Taylor 

            	 
	 	 	 	Name:   

            	Nathaniel H. Taylor	 
	 	 	 	Title:     

            	Vice President

            	 
	 	 	 	 	 

    

    

    

    

    

    

    

    

    

    

    

    
      [Signature Page to Registration Rights Agreement]

      

      

    

    

    

    

  

  28Exhibit 10.2

  

  

  

  

  

  
    ADDITIONAL REVOLVING CREDIT AMENDMENT AND AGREEMENT

    

    

    ADDITIONAL REVOLVING CREDIT AMENDMENT AND AGREEMENT dated as of May 4, 2020 (this “Agreement”), to the ABL CREDIT AGREEMENT dated as of May 31, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement” and, as amended and otherwise modified by this Agreement, the “Amended Credit Agreement”), among US FOODS, INC., a Delaware corporation (the
        “Parent Borrower”), the other Loan Parties party thereto, each lender from time to time party thereto, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative
        Agent and ABL Collateral Agent (in such capacities, the “Administrative Agent”).  Capitalized terms used but not otherwise defined herein shall have the
      respective meanings ascribed to such terms in the Amended Credit Agreement. The rules of construction set forth in subsection 1.2 of the Amended Credit Agreement shall apply to this Agreement mutatis mutandis.

    
      

      

      A.          The Parent Borrower has requested pursuant to subsection 2.6 of the Credit Agreement to increase the aggregate amount of the Commitments in respect of the Facility by
        $390,000,000 to an aggregate amount of $1,990,000,000.

       

      B.          Each Increasing Lender (as defined below) has agreed to provide an Additional Commitment on the Amendment Effective Date (as defined below) in the amount set forth on
        Schedule 1 hereto opposite its name, in each case on the terms and subject to the conditions set forth herein and in the Amended Credit Agreement.

       

      C.          Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby
        acknowledged, the parties hereto hereby agree as follows:

    

    

    SECTION 1.  Additional Commitments.  (i) Effective as of the Amendment Effective Date, each Person listed on Schedule 1 hereto (each, an “Increasing Lender” and collectively, the “Increasing

        Lenders”) agrees that, on and as of the Amendment Effective Date, the Commitment of such Increasing Lender shall increase by the amount set forth opposite its name on Schedule 1 (the amount of such increase being referred to herein as such
      Increasing Lender’s “Additional Commitment”).  The parties hereto acknowledge and agree that: (a) the Additional Commitments shall constitute Commitments in respect of the Facility, (b) the Commitment Percentage of each Increasing Lender shall
      be calculated to include its Additional Commitment and (c) any Additional Loans made by each Increasing Lender pursuant to such Increasing Lender’s Additional Commitment shall be included for purposes of calculating such Increasing Lender’s Aggregate
      Outstanding Revolving Credit to the extent of such Additional Loan then outstanding.

     

    (ii) (a) Upon the effectiveness of the Additional Commitments, each Lender immediately prior to such effectiveness will automatically and without further act be deemed to have assigned to each
      Increasing Lender, and each such Increasing Lender will automatically and without further act be deemed to have assumed, a portion of such Lender’s participations under the Amended Credit Agreement in outstanding Letters of Credit and Swing Line
      Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding (x) participations under the Amended Credit Agreement in Letters of Credit and (y) participations under
      the Amended Credit Agreement in Swing Line Loans held by each Lender (including each such Increasing Lender) will equal such Lender’s Commitment Percentage and (b) on the Amendment Effective Date, each Increasing Lender shall make a Revolving Loan to
      the Parent Borrower in such amount as determined by the Administrative Agent to be necessary to ensure that all outstanding Revolving Loans shall be held by the Lenders ratably in accordance with their new Commitment Percentages.  Revolving Loans
      made pursuant to clause (b) of the preceding sentence shall be allocated ratably to each outstanding Borrowing and shall bear interest at the same rates, and have the same Interest Periods, as the Borrowings to which they are allocated.

    

    

    
      
        

    

    
     

    SECTION 2. Additional Agreements. Effective as of the Amendment Effective Date, the Parent Borrower further agrees with the Increasing Lenders as follows:

     

    (i) Notwithstanding the limitations in the first proviso of subsection 7.6(b) of the Amended Credit Agreement or otherwise, the Administrative Agent shall be permitted to conduct at the expense of
      the Loan Parties, (x) one additional appraisal for Inventory, (y) one additional appraisal for Transportation Equipment, and (z) one additional field examination for Accounts, in each case of the type contemplated by subsection 7.6(b) of the Amended
      Credit Agreement, during the period commencing on the Amendment Effective Date and ending on the first anniversary thereof.

     

    (ii) The Parent Borrower shall furnish to the Administrative Agent for distribution to the Lenders no later than Wednesday of each week commencing with the first week beginning after the Amendment
      Effective Date and ending on or prior to June 30, 2020, or if Wednesday is not a Business Day, the next succeeding Business Day, a report on the Division Accounts as of the last Business Day of the preceding week, substantially in the form of Exhibit A
      hereto (each, a “Division Accounts Report”).

     

    (iii) The Parent Borrower shall continue to deliver Borrowing Base Certificates to the Administrative Agent in accordance with subsection 7.2(f) of the Amended Credit Agreement no less frequently
      than monthly, notwithstanding that subsection 7.2(f) of the Amended Credit Agreement may permit the Parent Borrower to deliver Borrowing Base Certificates on a less frequent basis.

     

    (iv) After June, 30, 2020, at any time that Excess Borrowing Base Availability is less than 25% of the Line Cap for two consecutive Business Days, until Excess Borrowing Base Availability is at least
      25% of the Line Cap for 30 consecutive days, the Parent Borrower shall furnish to the Administrative Agent for distribution to the Lenders, no later than Wednesday of each week, or if Wednesday is not a Business Day, the next succeeding Business Day,
      a Division Accounts Report as of the last Business Day of the preceding week.

     

    (v) Any default in the performance of any of the agreements contained in clauses (ii), (iii) or (iv) hereof shall be deemed a failure to perform under subsection 7.2(f) of the Amended Credit
      Agreement and shall be an Event of Default in accordance with subsection 9.1(c) of the Amended Credit Agreement; provided that notwithstanding the foregoing, the application of this clause (v) may be waived with the consent of the Increasing
      Lenders providing Additional Commitments representing more than 50% of the aggregate Additional Commitments.

     

    (vi) RS Funding Inc. shall be merged with and into the Parent Borrower, with the Parent Borrower as the surviving corporation, as evidenced by a certificate of merger to that effect, no later than
      two Business Days after the Amendment Effective Date (or such later date as the Administrative Agent in its sole discretion may agree).

     

    
      2

      
        

    

     

    

    (vii)  Any deposit account subject to a control agreement prior to or after the Amendment Effective Date under the ABS Documents either (i) shall be terminated; or (ii) shall be (a) retitled to show
      ownership of such deposit account by Parent Borrower and (b) subject to the requirement of the Amended Credit Agreement that all amounts on deposit therein are automatically transferred to the Concentration Account or another deposit account subject
      to the control of the Administrative Agent; in each case, no later than thirty days after the Amendment Effective Date (or such later date as the Administrative Agent in its sole discretion may agree).

     

    SECTION 3. Representations and Warranties. The Parent Borrower and (as to subsection 3(i) below) each other Loan Party hereby represents and warrants, on the date hereof that:

     

    (i) this Agreement has been duly authorized, executed and delivered by the Parent Borrower and each other Loan Party, and this Agreement constitutes a legal, valid and binding obligation of the
      Parent Borrower and each other Loan Party, enforceable against the Parent Borrower and each other Loan Party in accordance with its terms, except as such enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency,
      reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by such proceedings in equity or at law);

     

    (ii) all representations and warranties set forth in Section 5 of the Credit Agreement are true and correct in all material respects on and as of the date hereof (in each case, except to the extent
      that any representation or warranty expressly relates to an earlier date, in which case such representation or warranty was true and correct as of such earlier date);

     

    (iii) no Default or Event of Default has occurred and is continuing; and

     

    (iv) immediately prior to giving effect to the Additional Commitments, the Parent Borrower is in compliance with subsection 8.1 of the Credit Agreement as of the end of the most recently ended four
      fiscal quarter period for which financial statements have been delivered pursuant to subsection 7.1 of the Credit Agreement.

     

    SECTION 4. Effectiveness of this Agreement.  This Agreement shall become effective at the time and on the date (the “Amendment Effective Date”) upon which the following conditions
      precedent are satisfied (or waived by the Increasing Lenders):

     

    (i) the Administrative Agent shall have received a duly executed counterpart signature page of this Agreement from each party hereto;

     

    (ii) the Increasing Lenders shall have received the favorable opinion of Cravath, Swaine & Moore LLP, special counsel to the Loan Parties, relating to the execution, delivery and enforceability
      of this Agreement;

     

    (iii) all amounts due or outstanding under the Credit and Security Agreement, dated as of August 27, 2012 (as amended, restated, supplemented or otherwise modified from time to time), among RS
      Funding Inc., the Parent Borrower, the conduit lenders from time to time party thereto, the committed lenders from time to time party thereto, the managing agents from time to time party thereto, and Wells Fargo Bank, National Association, as
      administrative agent (other than contingent obligations for which no claim has been made), shall have been paid in full, all commitments thereunder terminated and all guarantees and liens granted in connection therewith released, and the other ABS
      Documents shall have been terminated in accordance with their terms;

     

    
      3

      
        

    

    (iv) the Administrative Agent shall have received:

     

    (a) a copy of the resolutions or equivalent action of the Board of Directors of each Loan Party authorizing, the execution, delivery and performance of this Agreement,
      certified by the secretary, an assistant secretary or other authorized representative of such Loan Party as of the Amendment Effective Date, which certificate shall state that the resolutions or other action thereby certified have not been amended,
      modified (except as any later such resolution or other action may modify any earlier such resolution or other action), revoked or rescinded and are in full force and effect;

     

    (b) a certificate of each Loan Party, dated as of the Amendment Effective Date, as to the incumbency and signature of the officers or other authorized signatories of such Loan
      Party executing this Agreement executed by a Responsible Officer or other authorized representative and the secretary, any assistant secretary or another authorized representative of such Loan Party;

     

    (c) copies of the certificate or articles of incorporation and by-laws (or other similar governing documents serving the same purpose) of each Loan Party, certified as of the
      Amendment Effective Date as complete and correct copies thereof by the secretary, an assistant secretary or other authorized representative of such Loan Party; and

     

    (d) a certificate from the Parent Borrower, dated as of the Amendment Effective Date, certifying as to the accuracy of the representations and warranties set forth in clauses
      (ii), (iii) and (iv) of Section 3 hereof; and

     

    (v) the Administrative Agent shall have received reimbursement of all reasonable out-of-pocket expenses required to be reimbursed by the Loan Parties under the Loan Documents to the extent invoiced
      at least three Business Days prior to the Amendment Effective Date (or such later date as the Parent Borrower may reasonably agree).

     

    The Administrative Agent shall promptly notify the Parent Borrower and the Lenders of the Amendment Effective Date.

     

    SECTION 5. Reference To And Effect Upon The Credit Agreement; Reaffirmation.

     

    (i) From and after the Amendment Effective Date, (i) the term “Agreement” in the Credit Agreement, and all references to such agreement in any other Loan Document, shall mean the Amended Credit
      Agreement, and (ii) this Agreement shall constitute a Loan Document for all purposes of the Amended Credit Agreement and the other Loan Documents; provided that notwithstanding anything to the contrary in the Amended Credit Agreement, the
      provisions of Section 2 hereof may be amended, waived or otherwise modified by an instrument in writing signed by the Parent Borrower and each of the Increasing Lenders.

     

    (ii) Each Loan Party hereby acknowledges that it has read this Agreement and consents to the terms hereof and further hereby affirms, confirms and agrees that (i) notwithstanding the effectiveness of
      this Agreement, the obligations of such Loan Party under each of the Loan Documents to which it is a party shall not be impaired and each of the Loan Documents to which such Loan Party is a party is, and shall continue to be, in full force and effect
      and is hereby confirmed and ratified in all respects, in each case, as amended hereby; and (ii) its Guarantee of the Obligations, and the pledge of and/or grant of a security interest in its assets as Collateral to secure the Obligations, all as and
      to the extent provided in the Security Documents, shall continue in full force and effect in respect of, and to secure, the Obligations and shall accrue to the benefit of the Secured Parties (including the Increasing Lenders).

     

    
      4

      
        

    

     

    

    (iii) Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the
      Administrative Agent or any other Secured Party under the Credit Agreement, the Amended Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or
      agreements contained in the Credit Agreement, the Amended Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  This Agreement shall apply and be effective
      only with respect to the provisions of the Credit Agreement and the other Loan Documents specifically referred to herein.  This Agreement shall not extinguish the Obligations for the payment of money outstanding under the Loan Documents or discharge
      or release the Liens granted in any Security Document or any security therefor or any guarantee thereof, and after giving effect to this Agreement, the Liens and security interests for the benefit of the Secured Parties securing payment of the
      Obligations are in all respects continuing and in full force and effect with respect to all Obligations.  This Agreement shall not constitute a novation of the Obligations or any of the Loan Documents.  Except as expressly set forth herein, nothing
      herein contained shall be construed as a substitution, or a payment and re-borrowing, or a termination, of the Obligations outstanding under the Loan Documents or instruments guaranteeing or securing the same, which shall remain in full force and
      effect, except as modified hereby or by instruments executed concurrently herewith.

     

    SECTION 6. Counterparts, Etc. This Agreement and any notices delivered under this Agreement, may be executed by means of (a) an electronic signature that complies with the federal Electronic
      Signatures in Global and National Commerce Act, state enactments of the Uniform Electronic Transactions Act, or any other relevant and applicable electronic signatures law; (b) an original manual signature; or (c) a faxed, scanned, or photocopied
      manual signature.  Each electronic signature or faxed, scanned, or photocopied manual signature shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original manual signature.  The Administrative Agent
      reserves the right, in its sole discretion, to accept, deny, or condition acceptance of any electronic signature on this Agreement or on any notice delivered to the Administrative Agent under this Agreement.  This Agreement and any notices delivered
      under this Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts shall, together, constitute only one instrument.  Delivery of an executed counterpart of a signature page of
      this Agreement and any notices as set forth herein will be as effective as delivery of a manually executed counterpart of the Agreement or notice. This Agreement shall constitute the request of the Parent Borrower and the Additional Revolving Credit
      Amendment contemplated by subsection 2.6 of the Amended Credit Agreement.

     

    SECTION 7. Governing Law; Jurisdiction; Etc.  The provisions of subsections 11.12, 11.13 and 11.15 of the Credit Agreement shall apply to this
      Agreement, mutatis mutandis.

    

    

    

    

    

    

    [Signature Pages follow] 

    

    

    
      5

      
        

    

     

    

     

    IN WITNESS WHEREOF, this Agreement has been executed by the parties hereto as of the date first written above.

    

    

    
      	 	US FOODS, INC.	 
	 	 	 
	 	 	 	 
	
              

              

            	
              By: 

            	/s/ Dirk J. Locascio 	 
	 	 	Name:	Dirk J. Locascio	 
	 	 	Title:	Chief Financial Officer	 
	 	 	 	 

    

    
      

      

      
        	 	BAY-N-GULF, INC.	 
	 	 	 
	 	 	 	 
	
                

                

              	
                By: 

              	/s/ Dirk J. Locascio 	 
	 	 	Name:	Dirk J. Locascio	 
	 	 	Title:	Chief Financial Officer	 
	 	 	 	 

      

      
        

        

        
          	 	E & H DISTRIBUTING, LLC	 
	 	 	 
	 	 	 	 
	
                  

                  

                	
                  By: 

                	/s/ Dirk J. Locascio 	 
	 	 	Name:	Dirk J. Locascio	 
	 	 	Title:	Chief Financial Officer	 
	 	 	 	 

        

        
          

          

          
            	 	FRESH UNLIMITED, INC.	 
	 	 	 
	 	 	 	 
	
                    

                    

                  	
                    By: 

                  	/s/ Dirk J. Locascio 	 
	 	 	Name:	Dirk J. Locascio	 
	 	 	Title:	Chief Financial Officer	 
	 	 	 	 

          

          
            

            

            
              	 	GREAT NORTH IMPORTS, LLC	 
	 	 	 
	 	 	 	 
	
                      

                      

                    	
                      By: 

                    	/s/ Dirk J. Locascio 	 
	 	 	Name:	Dirk J. Locascio	 
	 	 	Title:	Chief Financial Officer	 
	 	 	 	 

            

            
              

              

              

              

              

              

              

              

              
                [Signature Page to the Additional Revolving Credit Amendment] 

                

              

            

          

        

      

    

    

    

    
      
        

    

         

    
      
        
          
            
              
                

                

                
                  	 	TRANS-PORTE, INC.	 
	 	 	 
	 	 	 	 
	
                          

                          

                        	
                          By: 

                        	/s/ Dirk J. Locascio 	 
	 	 	Name:	Dirk J. Locascio	 
	 	 	Title:	Chief Financial Officer	 
	 	 	 	 

                

              

            

          

        

      

       

    
      
        
          
            
              
                
                  	 	US FOODS CULINARY EQUIPMENT & SUPPLIES, LLC	 
	 	 	 
	 	 	 	 
	
                          

                          

                        	
                          By: 

                        	/s/ Dirk J. Locascio 	 
	 	 	Name:	Dirk J. Locascio	 
	 	 	Title:	Chief Financial Officer	 
	 	 	 	 

                

              

            

          

        

      

       
      

      

      

      

      

      

      

      

      
        [Signature Page to the Additional Revolving Credit Amendment]

      

    

     

    

    
      
        

    

    
      
        
          
            
              
                

                

                
                  	 	
                          WELLS FARGO BANK, NATIONAL 

                          ASSOCIATION, as Administrative Agent, ABL 

                          Collateral Agent and Increasing Lender

                        	 
	 	 	 
	 	 	 	 
	
                          

                          

                        	
                          By: 

                        	/s/ Hilda Carbajal

                        	 
	 	 	Name:	Hilda Carbajal	 
	 	 	Title:	Authorized Signatory

                        	 
	 	 	 	 

                

              

            

          

        

      

       
      

      

      

      

      

      

      

      

      
        [Signature Page to the Additional Revolving Credit Amendment] 

      

    

     

    

    
      
        

    

     

    

    
      
        
          
            
              
                

                

                
                  	 	BANK OF AMERICA, N.A., as Increasing Lender	 
	 	 	 
	 	 	 	 
	
                          

                          

                        	
                          By: 

                        	/s/ Andrew J. Heinz

                        	 
	 	 	Name:	Andrew J. Heinz	 
	 	 	Title:	Senior Vice President

                        	 
	 	 	 	 

                

              

            

          

        

      

       
      

      

      

      

      

      

      

      

      
        [Signature Page to the Additional Revolving Credit Amendment] 

      

    

    
      
        
          
            
              
                

                

                
                  
                    

                

                

                

                
                  	 	CITIBANK N.A., as Increasing Lender	 
	 	 	 
	 	 	 	 
	
                          

                          

                        	
                          By: 

                        	/s/ Brendan Mackay

                        	 
	 	 	Name:	Brendan Mackay	 
	 	 	Title:	Vice President & Director 

                        	 
	 	 	 	 

                

              

            

          

        

      

       
      

      

      

      

      

      

      

      

      
        [Signature Page to the Additional Revolving Credit Amendment]

        

      

    

     
    
      
        

    

    
      
        
          
            
              
                

                

                
                  	 	FIFTH THIRD BANK, NATIONAL ASSOCIATION, as Increasing Lender	 
	 	 	 
	 	 	 	 
	
                          

                          

                        	
                          By: 

                        	/s/ Mark Pienkos

                        	 
	 	 	Name:	Mark Pienkos	 
	 	 	Title:	Managing Director

                        	 
	 	 	 	 

                

              

            

          

        

      

       
      

      

      

      

      

      

      

      

      
        [Signature Page to the Additional Revolving Credit Amendment] 

      

    

    

    

    
      
        

    

    
      
        
          
            
              
                

                

                
                  	 	TRUIST BANK, as successor by merger to SunTrust Bank, as Increasing Lender	 
	 	 	 
	 	 	 	 
	
                          

                          

                        	
                          By: 

                        	/s/ Joseph A. Massaroni

                        	 
	 	 	Name:	Joseph A. Massaroni	 
	 	 	Title:	Director 

                        	 
	 	 	 	 

                

              

            

          

        

      

       
      

      

      

      

      

      

      

      

      
        [Signature Page to the Additional Revolving Credit Amendment] 

         

        

      

    

    
      
        

    

  

  

  
    SCHEDULE 1

    

    

     

    ADDITIONAL COMMITMENTS

    

    

    

    

    	
            Lender

          	
            Commitment Increase

          
	
            Wells Fargo Bank, National Association

          	
            $120,000,000.00

          
	
            Bank of America, N.A.

          	
            $75,000,000.00

          
	
            Citibank N.A.

          	
            $75,000,000.00

          
	
            Fifth Third Bank, National Association

          	
            $60,000,000.00

          
	
            Truist Bank

          	
            $60,000,000.00

          
	
            Total

          	
            $390,000,000.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00308-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00308-of-00352.parquet"}]]