JOINDER AGREEMENT NO. 1

THIS JOINDER AGREEMENT NO. 1, dated as of May 1, 2014 (this “Agreement”), by and among BANK OF AMERICA, N.A., BARCLAYS BANK PLC, BMO HARRIS FINANCING INC., CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, GOLDMAN SACHS BANK USA, NOMURA CORPORATE FUNDING AMERICAS, LLC and WELLS FARGO BANK, NATIONAL ASSOCIATION (each an “Incremental Revolving Loan Lender” and collectively the “Incremental Revolving Loan Lenders”), POST HOLDINGS, INC., a Missouri corporation (the “Borrower”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent.

WHEREAS, reference is hereby made to the Credit Agreement, dated as of January 29, 2014 (as amended by that certain First Amendment to Credit Agreement, dated as of the date hereof (the “First Amendment”), and as may be further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among the Lenders party thereto from time to time, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent;

WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrower may request an increase in the existing Revolving Commitments and/or request new Incremental Term Loan Commitments by entering into one or more Joinder Agreements with the Incremental Revolving Loan Lenders and/or the Incremental Term Loan Lenders, as applicable; and

WHEREAS, pursuant to this Agreement, the Borrower wishes to obtain $100,000,000 of Incremental Revolving Credit Commitments pursuant to the Credit Agreement in addition to the existing Revolving Credit Commitment as described in the Credit Agreement, to be provided by each Incremental Revolving Loan Lender party hereto and effective on the Commitment Effective Date (as defined below) pursuant to the terms hereof.

NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained, the parties hereto agree as follows:

Each Incremental Revolving Loan Lender hereby agrees to commit to provide its respective Commitment as set forth on Schedule A annexed hereto, on the terms and subject to the conditions set forth below:

Each Incremental Revolving Loan Lender (i) confirms that it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement and it is sophisticated with respect to decisions to make loans similar to those contemplated to be made hereunder and it is experienced in making loans of such type; (ii) agrees that it will, independently and without reliance upon Administrative Agent or any other Lender or Agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iii) appoints and authorizes Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to Administrative Agent, as the case may be, by the terms thereof, together with such powers as are reasonably incidental thereto; and (iv) agrees that it will

perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender.

Each Incremental Revolving Loan Lender hereby agrees to provide its respective Incremental Revolving Credit Commitment on the Joinder Effective Date (as defined below), on the terms and subject to the conditions set forth below

Each party hereto agrees that their respective signatures to this Agreement, once delivered, are irrevocable and may not be withdrawn.

Upon satisfaction of the above “Conditions to Effectiveness” on the Joinder Effective Date, this Agreement shall be a binding agreement between the parties hereto.

States federal income tax withholding matters as such Incremental Revolving Loan Lender may be required to deliver to Administrative Agent pursuant to Section 3.01(e) of the Credit Agreement.

“Outside Date” shall mean the first to occur of (i) the abandonment of the Pending Acquisition or termination of the Pending Acquisition Agreement and (ii) 5:00 p.m. New York City time on August 1, 2014.