Common use of Amendment to Term Clause in Contracts

Amendment to Term. Effective April 4, 2017, Section 2 of the Agreement is replaced in its entirety with the following: “The term of this Agreement (the “Term”) will begin immediately following the “Effective Time” specified in the Separation and Distribution Agreement (the “Separation Agreement”) to be executed and delivered by LE and Sears Holdings Corporation (“SHLD”) (the date on which the Effective Time occurs, the “Effective Date”) and will end, unless terminated earlier, on May 2, 2017. The day that becomes the Effective Date will be inserted in the recitals once the Effective Date has occurred.”

Amendment to Term. Effective April 4May 2, 2017, Section 2 of the Agreement is replaced in its entirety with the following: “The term of this Agreement (the “Term”) will begin immediately following the “Effective Time” specified in the Separation and Distribution Agreement (the “Separation Agreement”) to be executed and delivered by LE and Sears Holdings Corporation (“SHLD”) (the date on which the Effective Time occurs, the “Effective Date”) and will end, unless terminated earlier, on May 2June 5, 2017. The day that becomes the Effective Date will be inserted in the recitals once the Effective Date has occurred.”

Amendment to Term. Effective April 4June 5, 2017, Section 2 of the Agreement is replaced in its entirety with the following: “The term of this Agreement (the “Term”) will begin immediately following the “Effective Time” specified in the Separation and Distribution Agreement (the “Separation Agreement”) to be executed and delivered by LE and Sears Holdings Corporation (“SHLD”) (the date on which the Effective Time occurs, the “Effective Date”) and will end, unless terminated earlier, on May 2June 29, 2017. The day that becomes the Effective Date will be inserted in the recitals once the Effective Date has occurred.”