Amendment No. 2 to The J. M. Smucker Company Top Management Supplemental Retirement Benefit Plan, dated as of July 1, 2023

“Notwithstanding the foregoing provisions of this Section 2.6, (a) the Benefit Target Date for Mr. T. Smucker will be August 16, 2011, and the amount of any benefit paid to Mr. T. Smucker as a single lump sum form of benefit at any time from September 1, 2014 through April 1, 2015 shall be based on a date of payment of September 1, 2014; (b) the Benefit Target Date for Mr. R. Smucker will be April 1, 2016; and (c) the Benefit Target Date for Mr. M. Smucker will be July 1, 2023.”

Effective January 1, 2008, the Company froze benefit accruals under the Retirement Plan for participants age 40 and under (the ‘Initial Frozen Participants’), and amended the Savings Plan to provide a 3% enhanced Company matching contribution for participants whose benefit accruals under the Retirement Plan were frozen. The Company subsequently froze benefit accruals under the Retirement Plan for all remaining participants (the ‘Subsequent Frozen Participants’) effective December 31, 2017, and amended the Savings Plan to provide the 3% enhanced Company matching contribution for all participants thereunder effective January 1, 2017.

The following table represents the amount to be offset for the Initial Frozen Participants and the Subsequent Frozen Participants, as provided in Section 2.3(d) of the Plan. The offset represents the annual annuitized benefit provided by the 3% enhanced Company matching contribution established (i) January 1, 2008 with respect to the Initial Frozen Participants or (ii) January 1, 2018 with respect to the Subsequent Frozen Participants.

Mr. Paul Wagstaff terminated employment with the Company in December 2014. In determining the appropriate offset due to the 3% enhanced Company matching contribution for Mr. Wagstaff’s benefit at age 55, an annual amount of $11,763 is used. This amount reflects the estimated value, payable at age 55, of the 3% enhanced Company matching contribution contributed to the account of Mr. Wagstaff for the period between January 1, 2008 and his termination date, using the same assumptions as those described in this Addendum II.

This table is based on a hypothetical balance created by a 3% enhanced Company matching contribution commencing January 1, 2008 in the case of the Initial Frozen Participants or January 1, 2018 in the case of the Subsequent Frozen Participants and made each year until the executive reaches the applicable retirement age listed above, or, in the case of Mr. M. Smucker, until July 1, 2023. This amount assumes yearly increases in CPI of 3.0% and investment earnings of 7.5%. The balance is annuitized using the RP2000 Mortality Table to reflect benefits accruing under the enhanced matching contribution provided under the Savings Plan without any adjustment projected to 2020 using Scale AA and a 7.5% discount rate.

The assumptions used to determine the hypothetical balances and annual annuitized benefits are intended to be long term assumptions. The Company may review these assumptions and modify them in the future if appropriate. New annual annuitized benefit amounts will be determined based on any revised assumptions, replacing the amounts above.”