Third Amendment of CF Industries Holdings, Inc. Supplemental Benefit and Deferral Plan

“4.7    Installment Form of Payment for Incentive Plan Awards. Incentive Plan Awards deferred pursuant to Section 3.2 of this Plan shall be paid to the Participant in a lump sum, unless, starting with elections made in 2024 or a later year (for Incentive Plan Awards attributable to services performed in 2025 or a later year), the Bonus Deferral Participant timely elected annual installments payable for up to ten years. (For elections made by Bonus Deferral Participants in 2021-2023, the maximum installment period available for election was five years; prior to that date, no installment option was available for election for Bonus Deferral Participants.) If the Bonus Deferral Participant elected installments, the initial installment shall be paid in accordance with the timing requirements set forth in Section 4.3; all subsequent installment payments shall be paid on the anniversary of the participant’s separation from service or specified payment date, as applicable.

Effective September 1, 2024, pursuant to Section 3.2.C of the Plan, a Bonus Deferral Participant has the option to modify his or her form of payment election to elect installments payable for up to ten years (in lieu of the prior maximum term of five years), provided that such modification otherwise complies with Section 3.2.C of the Plan.”