SETTLEMENT AGREEMENTSettlement Agreement • April 23rd, 2020 • Big Lots Inc • Retail-variety stores • Ohio
This settlement agreement (this “Agreement”) is made and entered into as of April 22, 2020, by and among Big Lots, Inc., an Ohio corporation (the “Company”), on the one hand, and (i) Ancora Advisors, LLC, a Nevada limited liability company, Ancora Merlin Institutional, LP, a Delaware limited partnership, Ancora Merlin, LP, a Delaware limited partnership, Ancora Catalyst Institutional, LP, a Delaware limited partnership, Ancora Catalyst, LP, a Delaware limited partnership, Ancora Catalyst SPV I LP, a Delaware limited partnership, and Ancora Catalyst SPV I SPC Ltd. - Segregated Portfolio C, a Cayman Islands exempted limited partnership (the foregoing, collectively with each of their respective Affiliates, “Ancora”); and (ii) Macellum Advisors GP, LLC, a Delaware limited liability company, Macellum Management, LP, a Delaware limited partnership, and Macellum Opportunity Fund LP, a Delaware limited partnership (the foregoing, collectively with each of their respective Affiliates, “Macellum
