NO. 1 TO THE
STOCK PURCHASE PLAN –
OPTIONS FOR EVERYONE
This Amendment No. 1 is made as of the
30th day of April, 2010, by Lowe's Companies, Inc., a corporation duly organized
and existing under the laws of the State of North Carolina (the
“Company”). Capitalized terms used herein and not otherwise defined
shall have the meanings given to such terms in the Lowe's Companies Employee
Stock Purchase Plan – Stock Options For Everyone (the “Plan”).
I T N E S S E T H:
WHEREAS, the Company maintains the
WHEREAS, the Committee desires,
pursuant to that authority granted to the Board under Article XIII of the Plan
and delegated to the Committee by the Board, to amend the Plan, effective as of
May 1, 2010 (the “Effective Date”), to revise the enrollment period to better
coincide with administrative practice.
NOW, THEREFORE, the SOFE Plan is hereby
amended, effective as of the Effective Date hereof, as follows:
1.15 is hereby deleted in its entirety and the following is substituted
Period means a period of not less than fourteen (14) calendar days, identified
by the Administrator or its designee and disclosed to Eligible Employees prior
to the beginning of the Enrollment Period, during (a) the month of May in the
case of the Offering Period beginning on June 1 and (b) the month of November in
the case of the Offering Period beginning on December 1.”
2. Except as
specifically amended hereby, the Plan shall remain in full force and effect as
prior to this Amendment No. 1.
WITNESS WHEREOF, the Company has adopted this Amendment No. 1 to the Plan as of
the Effective Date.
LOWE’S COMPANIES, INC.
By: /s/Marshall A.
Title: SVP & Chief Risk Officer,
Chairman, Administrative Committee of Lowe's Companies, Inc.