On January 30, 2012, The Sherwin-Williams Company entered into a five year credit agreement with Citicorp USA Inc., as administrative agent and CUSA as issuing bank, and the lenders from time to time party thereto, and an agreement for letter of credit with Citibank, N.A. Under the credit agreement, the company has the right to borrow and to obtain the issuance, renewal, extension and increase of a letter of credit up to an aggregate availability of $100 million. The security letter of credit will serve as security for any letters of credit that may be issued under the letter of credit agreement. Under the letter of credit agreement, the company may request Citibank to issue letters of credit up to the aggregate maximum amount of the security letter of credit. The company has requested the lenders (such term and each other capitalized term used and not otherwise defined herein having the meaning assigned to it in Article I) extend credit to enable it to borrow on a revolving credit basis on and after the date hereof and at any time and from time to time during the availability period a principal amount not in excess of $100,000,000 at any time outstanding. The company has further requested the issuing bank issue the letter of credit to support other payment obligations of the company and its subsidiaries. The proceeds of borrowings hereunder are to be used for general corporate purposes of the company and its subsidiaries and other purposes not inconsistent with this agreement.