VIA OVERNIGHT March 1, 2013 Illinois Tool Works Inc. Corporate Headquarters Glenview, IL 60026-1215 Gentlemen:Illinois Tool Works Inc • March 6th, 2013 • General industrial machinery & equipment
This letter constitutes the agreement to amend (the “Amendment”) that certain letter agreement between Illinois Tool Works Inc., a Delaware corporation (the “Company”), on the one hand, and Relational Investors LLC (“Investor”) and each of the individuals and entities set forth on the signature pages thereto (the “Investor Affiliates,” and together with the Investor, the Investor Affiliates, and the Affiliates and Associates of each of the foregoing, the “Investor Group”), dated January 12, 2012. The Company and Investor Group desire to extend for a period of one-year the Agreement, and hereby agree:
