SUPPORT AGREEMENTSupport Agreement • November 29th, 2018 • Strawbridge George Jr • Food and kindred products • New Jersey
This Support Agreement, dated November 26, 2018 (this “Agreement”), is by and among the persons and entities listed on Schedule A hereto (collectively, “Third Point”, and each individually, a “member” of Third Point), Campbell Soup Company (the “Company”), and The Revocable Trust of George Strawbridge, Jr., dated January 21, 1991 (the “Strawbridge Trust”), solely for purposes of Sections 1(a)(viii)-(ix), Section 17 and Section 18.
November 26, 2018 Dear George:Strawbridge George Jr • November 29th, 2018 • Food and kindred products
Reference is made to that certain Agreement dated as of August 9, 2018 between Third Point LLC and George Strawbridge, Jr. (the “Agreement”). The undersigned parties acknowledge that concurrently with the execution of this letter agreement, such parties and the other parties named therein are entering into a Support Agreement with Campbell Soup Company. As a result, the undersigned parties agree that, effective on the date hereof, the Agreement shall be terminated in all respects, subject only to the express provisions thereof that survive such termination. Without limiting the foregoing, the parties acknowledge and agree that, effective on the date hereof, any “group” pursuant to Rule 13d-5(b)(1) promulgated under the Securities Exchange Act of 1934, as amended, that may have been formed in connection with the execution of the Agreement is hereby terminated.
AGREEMENTAgreement • August 9th, 2018 • Strawbridge George Jr • Food and kindred products
WHEREAS, the parties both believe that the value of the shares of capital stock (“Capital Stock”), $0.0375 par value, of Campbell Soup Company (the “Company”), could be substantially increased if the Company were prepared to entertain changes, likely under the guidance of a reconstituted Board of Directors; and
