JOINDER AGREEMENT

WHEREAS, The Manitowoc Company, Inc. (the “Company”) has entered into that certain Settlement Agreement by and among the parties listed on Exhibit A thereto (the “Shareholders”) and the Company (the “Settlement Agreement”), dated February 6, 2015, a copy of which is attached hereto; and

WHEREAS, the Company’s management has separated the Company’s Cranes business (the “Cranes Business”) and Foodservice business (the “Foodservice Business”) into two independent, publicly-traded companies, as a result of which the undersigned Manitowoc Foodservice, Inc., a Delaware corporation (the “Joining Party”), is an independent, publicly-traded company that owns and operates the Foodservice Business; and

WHEREAS, the Settlement Agreement requires that the Joining Party execute and deliver to the Shareholders this Joinder Agreement.

NOW, THEREFORE, the Joining Party hereby joins in the Settlement Agreement and agrees that it shall be deemed to be “FoodserviceCo” and “SpinCo” within the meaning of the Settlement Agreement and shall be bound by all of the terms and conditions of the Settlement Agreement applicable to FoodserviceCo and SpinCo thereunder.

IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of March 28, 2016.