EX-10.5



 Exhibit 10.5 

EXECUTION VERSION 

SUBSCRIPTION AND SECURITYHOLDER’S AGREEMENT 

THIS SUBSCRIPTION AND SECURITYHOLDER’S AGREEMENT (this “Agreement”) is made as of 4 December 2012, by and among BC
Luxco Topco, a société en commandite par actions organized under the laws of the Grand Duchy of Luxembourg having its registered office at 9A, rue Gabriel Lippmann, L-5365 Munsbach, Grand Duchy of Luxembourg and registered with
the Luxembourg Trade and Companies’ Register (the “Company”), BC Luxco, a société à responsabilité limitée organized under the laws of the Grand Duchy of Luxembourg having its
registered office at 9A, rue Gabriel Lippmann, L-5365 Munsbach, Grand Duchy of Luxembourg and registered with the Luxembourg Trade and Companies’ Register under number B-172209 (the “Lux Sarl”) and each of the Investors. The
Lux Sarl, the Company and the Investors are the “Parties” and each a “Party” to this Agreement. 

RECITALS 
 WHEREAS the
Company is a société en commandite par actions organized under the laws of the Grand Duchy of Luxembourg, details of which are set out in Part B of Schedule 1 hereto; 

WHEREAS the Lux Sarl, the Company and the Investors, desire to enter into an agreement pursuant to which each Investor shall subscribe for,
and the Lux Sarl shall authorize the Company to issue and allot, the Securities described herein to each Investor, within the limits of the authorized share capital and for the subscription price per Security set forth opposite each such
subscriber’s name in Part A of Schedule 1 hereto (the aggregate subscription price payable by an Investor in respect of such Securities being the “Subscription Price”); and 

WHEREAS the Lux Sarl, the Company and the Investors desire to enter into this agreement to provide for certain rights and obligations of the
Parties (and all persons who succeed or adhere to this Agreement) with respect to the Securities. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows: 
 1. Definitions and Interpretation 

(a) Definitions 
 In this
Agreement, the following terms shall have the following meanings: 
 “Acquisition Agreement” means the sale
and purchase agreement dated 11 October 2012 entered into between, inter alia, Telefonica SA and the Company. 

“Acquisition Closing Date” means the “Closing Date” as defined in the Acquisition Agreement. 

“Affiliate” means, with respect to any Person, any other Person that, directly or indirectly, Controls, is
Controlled by, or is under common Control with such first Person or any other Person who holds directly or indirectly more than a twenty percent (20%) economic interest in such first Person or in whom such first Person holds directly or
indirectly or has a contractual right to acquire more than a twenty percent (20%) economic interest. Any trust or nominee directly or indirectly holding securities principally for the benefit of employees of a party hereto or its Affiliates
shall be deemed to be an Affiliate of such party hereto. 

  
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 “AL-PECs” means the series 2 preferred equity certificates duly
authorized and issued by the Company from time to time. 
 “Articles” or “Articles of
Association” means the Company’s Articles of Association as amended from time to time. 

“Attorney” has the meaning provided in Section 18. 

“Bain Investor” means each of Bain Capital Europe Fund III, L.P. and Bain Capital Fund X, L.P. and any
Affiliate of Bain Capital Europe Fund III, L.P. or Bain Capital Fund X, L.P. (other than a member of the Group) for so long as such Person holds Securities and “Bain Investors” means more than one of them. 

“Bain Sale Notice” shall have the meaning provided in Section 5(a). 

“Bain Securities” means Securities held by a Bain Investor. 

“Bain Seller” shall have the meaning provided in Section 5(a). 

“Board of Directors” means the board of directors of the Lux Sarl, as constituted from time to time. 

“Business” means such of the business, assets and shares of the Group companies, which are the subject of the
acquisition by the Purchasers (as such term is defined in the Acquisition Agreement) pursuant to the Acquisition Agreement. 

“Business Day” means any day other than a Saturday, Sunday or public holiday on which banks are generally open
for business in London, Luxembourg and New York. 
 “Class A Shares” means the shares of the Company with a
nominal value of one Euro cent (EUR 0.01) each designated as Class A1 Shares and Class A2 Shares in accordance with the Articles of Association. 

“Closing” shall have the meaning provided in Section 2(c). 

“Co-Investor” shall mean an Investor other than a Bain Investor. 

“Co-Investor Representative” shall have the meaning provided in Section 33. 

“Company” shall have the meaning provided in the preamble. 

“Control” shall mean in respect of a Person, the power directly or indirectly to manage or govern such Person,
or to appoint the managing and governing bodies of such Person, or a majority of the members thereof if they decide collectively, whether through the ownership of voting securities, by contract or otherwise (in such respect, a limited partnership
shall be deemed to be Controlled by its general partner). 
 “CPECs” means the series 1 convertible
preferred equity certificates duly authorized and issued by the Company from time to time. 

  
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 “Deed of Adherence” means a deed of adherence whereby the party
thereto agrees to be bound by the terms of this Agreement in the form set out in Schedule 2 or in such other form as is approved by the Lux Sarl. 

“Executive” means a manager of the Group who is selected by the Board of Directors to participate in any
management incentivisation plan implemented by a Group Company and approved by the Lux Sarl. 
 “Fee
Agreements” shall mean: (i) a transaction services agreement to be entered into between a Bain Investor and/or one or more of its Affiliates (each a “Service Provider”) and a Group Company pursuant to which the Service
Provider(s) shall (collectively) be entitled to receive an amount equal to EUR 11,000,000 in connection with the transactions contemplated therein and a fee of 1% of the aggregate value of each subsequent transaction (including without limitation
acquisitions, disposals and debt financing); and (ii) an advisory services and/or consulting services agreement to be entered into between one or more Service Providers and a Group Company pursuant to which the Service Provider(s) shall
(collectively) be entitled to receive an annual fee equal to the greater of EUR 5,000,000 and 3% of the EBITDA of the Group for the financial year to which such annual fee relates. 

“Final Exit” means a bona fide, arm’s length sale to a Person who is an Independent Third Party, or group
of Persons who are not Affiliates of an Investor, of the Company involving (i) a sale of assets pursuant to which such party or parties acquire all of the assets of the Company and its Subsidiaries on a consolidated basis in one transaction or
series of related transactions; (ii) any sale of all of the Securities in one transaction or series of related transactions; or (iii) a merger or consolidation which accomplishes one of the foregoing. 

“Group” means the Company together with any company that is a Subsidiary of the Company from time to time and
“Group Company” means any one of them. 
 “Implicit Pre-IPO Value” shall: 

(a) in the event a primary offering of shares shall occur, be equal to (1) the Total Price to the Public divided by the
percentage (stated as a decimal) that the number of shares of Newco Common sold pursuant to the IPO represents of the total number of shares of Newco Common to be outstanding immediately following the IPO, minus (2) the Primary Offering
Proceeds; and 
 (b) in the event only a secondary sale of shares shall occur, be equal to (1) the total number of
shares of Newco Common multiplied by (2) the Per Share Price. 
 For the purposes of this definition, “Primary
Offering Proceeds” means the number of shares of Newco Common sold in the primary offering (which may be zero) in connection with the IPO, multiplied by the Per Share Price. “IPO” means an underwritten initial public offering of
Newco Common. “Per Share Price” means, in connection with any IPO, the price set out or that would be set out on the cover page of a prospectus for such IPO under the caption “Price to Public” (or any similar caption) and
opposite the caption “Per Share” (or any similar caption), less the per share allocation of the underwriting discounts and commissions and expenses incurred by the Company in connection with the IPO. “Total Price to the
Public” means the Per Share Price multiplied by the number of shares of Newco Common sold pursuant to the IPO. 

  
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 “Independent Third Party” means any Person who, immediately
prior to the contemplated transaction, does not beneficially own in excess of 5% of the Company’s Shares on a fully-diluted basis (a “5% Owner”) who is not controlling, controlled by or under common control with any such 5%
Owner and who is not the spouse or descendent (by birth or adoption) of any such 5% Owner or a trust for the benefit of such 5% Owner and/or such other Persons. 

“Investor” means each of the parties set forth on Part A of Schedule 1 and any assignee or
transferee of any interest in any Security directly from any of them and “Investors” means more than one of them. 

“Issuance” shall have the meaning provided in Section 7(a). 

“Lux Sarl” shall have the meaning provided in the preamble. 

“Newco” shall have the meaning provided in Section 8(b)(i). 

“Newco Common” shall mean the securities to be issued to a Securityholder pursuant to
Section 8(b)(i) or Section 8(b)(ii) in exchange for such Securityholder’s Securities. 

“New Subscriber” shall have the meaning set out in Section 7(a). 

“Participating Securityholder” shall have the meaning provided in Section 5(b). 

“PECs” means the series 1 preferred equity certificates duly authorized and issued by the Company from time to
time. 
 “Pecuniary Value” means, in connection with any Transfer, with respect to any Security or
Securities, the proportion of the proceeds which the holder of such Security or Securities would be entitled to receive pursuant to a hypothetical liquidating distribution of the Company at the time of such Transfer where the aggregate proceeds to
be distributed in connection with such hypothetical liquidating distribution shall be deemed to be an amount equal to the valuation of the Company established by such Transfer and assuming that the hypothetical distribution of proceeds would be made
in accordance with the terms and conditions of the Articles and the Securities outstanding as at the time of such Transfer. 

“Permitted Transferee” shall mean, with respect to a Co-Investor, any Affiliate of such Co-Investor. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a
joint stock company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof. 

“Poma Investors” means, collectively, Investors that are Affiliates of Barcel Corporation. 

“Preemptive Notice” shall have the meaning provided in Section 7(b). 

“Preemptive Reply” shall have the meaning provided in Section 7(b). 

“Pro Rata Percentage” means, with respect to any Co-Investor, a percentage equal to (i) a fraction,
(x) the numerator of which shall equal the Pecuniary Value of all Securities held by such Co-Investor as of the date of determination, and (y) the denominator of which shall equal the Pecuniary Value of all Securities held by all
Co-Investors (ii) multiplied by 100. 

  
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 “Public Offering” means a public offering and sale of the Shares
or the shares of a Newco or any other Group Company, pursuant to an effective registration or an effective listing or qualification on a securities market in accordance with applicable requirements. 

“Public Sale” means a Public Offering or any sale of the Shares or the shares of a Newco or any other Group
Company, as the case may be, through a broker, dealer or market maker pursuant to the securities regulations of the relevant jurisdiction(s). 

“Right” shall have the meaning provided in Section 7(a). 

“Sale of the Company” means a bona fide, arm’s length sale to a Person who is an Independent Third Party,
or group of Persons who are not Affiliates of any Investor, of the Company involving (i) a sale of assets pursuant to which such party or parties acquire all or at least 50.01% of the assets of the Company and its Subsidiaries on a consolidated
basis in one transaction or series of related transactions; (ii) any sale of all or at least 50.01% of the Securities in one transaction or series of related transactions; or (iii) a merger or consolidation which accomplishes one of the
foregoing. 
 “Securities” means (i) all equity and debt securities issued by the Company (which, for
the avoidance of doubt, shall include each series of preferred equity certificates and convertible preferred equity certificates issued by the Company) and (ii) any securities issued or issuable directly or indirectly with respect to the
securities referred to in clause (i) above, by way of a dividend or split or in connection with a combination of securities, recapitalization, merger, consolidation or other reorganization including a capitalization or exchange, notwithstanding
any subsequent Transfer or assignment to other holders thereof. 
 “Securities Act” shall mean the United
States Securities Act of 1933, as amended. 
 “Securityholder” means, at any time, a holder of Securities at
such time. 
 “Senior Employee” means any top 25 employee or consultant of the Group (taken as a whole) by
reference to their total remuneration. 
 “Shares” means the shares of the Company. 

“Solvent Reorganization” means any solvent reorganization of the Lux Sarl, the Company or any other Group
Company or Subsidiary of any of the foregoing (but for the avoidance of doubt, excluding any Securityholder itself or any special purpose vehicle established by any Securityholder in connection with its status as shareholder in the Company),
including by merger, consolidation, recapitalization, Transfer or sale of shares, securities or assets, or contribution of assets and/or liabilities, or any liquidation, exchange of securities, conversion of entity, migration of entity, formation of
new entity, or any other transaction or group of related transactions (in each case other than to or with a third party that is not a Securityholder of the Group or an Affiliate thereof, or an entity formed for the purpose of such Solvent
Reorganization), in which: 
 (i) all holders of the same class of Securities or of equity securities in the Group (other
than entities within the Group) are offered the same consideration in respect of such Securities or equity securities; 

  
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 (ii) the pro rata indirect economic interests of each Securityholder in the
business of the Group, vis-à-vis one another and all other holders of Securities and other equity securities in the Group (other than those held by entities within the Group), are preserved; and 

(iii) the rights of the Securityholders under this Agreement and the Articles are preserved in all material respects (it
being understood by way of illustration and not limitation that the relocation of a covenant or restriction from one instrument to another shall be deemed a preservation if the relocation is necessitated, by virtue of any law or regulation
applicable to the Group following such Solvent Reorganization, as a result of any change in jurisdiction or form of entity in connection with the Solvent Reorganization; provided that such covenants and restrictions are retained in instruments that
are, as nearly as practicable, to the extent consistent with business and transactional objectives, equivalent to the instruments in which such restrictions or covenants were contained prior to the Solvent Reorganization). 

“Subscription Price” shall have the meaning provided in the Recitals. 

“Subsidiary” or “Subsidiaries” means, with respect to any Person, any or all other Person(s)
of which a majority of the total voting power of shares of stock or other equity interests entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or
Controlled, directly or indirectly, by such Person or one or more of such Person’s other Subsidiaries or a combination thereof. For the purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited
liability company, partnership, association or other business entity if such Person or Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or if such Person or Persons
Control such entity. 
 “Transfer” means a direct or indirect sale transfer, assignment, pledge,
hypothecation or other encumbrance or disposal of (whether for consideration or not and whether voluntarily or involuntarily or by operation of law) any interest in any Security. 

(b) Interpretation 
 In this
Agreement: 
 (i) The singular includes the plural and vice versa. 

(ii) References to the Schedules are to the schedules to this Agreement. The Schedules form an integral part of this Agreement
and shall have the same force and effect as if expressly set out in the body of this Agreement, and any reference to this Agreement shall include the Schedules hereto. 

(iii) The words “include” or “including” (or any similar term) are not to be construed as
implying any limitation. 
 (iv) Words indicating gender shall be treated as referring to the masculine, feminine or neuter
as appropriate. 

  
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 (v) A reference to a statute, statutory provision or subordinate legislation
(“legislation”) refers to such legislation as amended and in force from time to time and to any legislation that (either with or without modification) re-enacts, consolidates or enacts in rewritten form any such legislation,
provided that as between the parties no such amendment, re-enactment or modification shall apply for the purposes of this Agreement to the extent that it would impose any new or extended obligation, liability
or restriction on, or would otherwise adversely affect the rights of, any party. 
 (vi) Any reference to any document other
than this Agreement is a reference to that other document as amended, varied, supplemented, or novated (in each case, other than in breach of the provisions of this Agreement) at any time. 

(vii) A reference to something being “in writing” or “written” includes that thing being
produced by any legible and non-transitory substitute for writing (but not including in electronic form). 
 (viii)
“directly or indirectly” means either alone or jointly with any other person and whether on such person’s own account or in partnership with another or others or as the holder of any interest in or as officer, employee or agent of or
consultant to any other person. 
 2. Execution, Subscription and Issuance of Securities 

(a) Subscription and Sale of the Securities. Upon execution of this Agreement, and subject to Clauses 2(a) and 2(b), each Investor
undertakes to subscribe and pay for those Securities set forth opposite its name in Part A of Schedule 1 (at the applicable Subscription Price), and the Company shall issue and allot to each Investor such number of Securities. In addition, the Poma
Investors hereby undertake to invest an additional aggregate amount of up to EUR 1,037,000 in the Company (the “Poma Commitment”) by subscribing for Securities of the same type and class, and in the same relative proportions, as the
Bain Investors or purchasing a proportional strip of Securities from the Bain Investors, in each case on such date(s) and in such manner as the Lux Sarl shall direct by delivering one Business Day’s written notice to the Co-Investor
Representative. The Poma Investors acknowledge and agree that the Lux Sarl shall have the right by delivering one Business Day’s written notice to the Co-Investor Representative to require the Poma Investors to pay an amount equal to the Poma
Commitment into an escrow account operated by a financial institution or Bain Capital Partners, LLC (or an Affiliate thereof) as escrow agent for the Poma Investors (and if so required by the Lux Sarl enter into an escrow agreement), which amount
shall remain in such escrow account until such time as the Lux Sarl instructs the escrow agent to either: (i) transfer all or part of the escrow balance to settle the subscription price for the further issuance of Securities contemplated in the
immediately preceding sentence; and/or (ii) transfer the escrow balance to the Poma Investors. 
 (b) Conditions to Issuance of
Securities. The obligation of the Company to issue to an Investor the Securities set forth opposite its name in Schedule 1 shall be subject to the following conditions: 

(i) the representations and warranties set forth in Section 3(a) below shall be true and accurate with respect
to each Investor on the date hereof and the date of the Closing; and 
 (ii) the Company having received from each
Investor the applicable Subscription Price for the Securities set forth opposite such Investor’s name in Schedule 1. 

  
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 (c) Closing. The closing of the subscription and issuance of the Securities set forth in
Schedule 1 shall take place at the offices of Arendt & Medernach, 14, rue Erasme, L-2082, in Luxembourg, Grand Duchy of Luxembourg on 3 December 2012 or such prior date as the parties may agree (“Closing”). At
Closing, each Investor shall deliver to the Company (i) cash by electronic transfer in immediately available funds in an amount equal to the applicable Subscription Price for such Investor and (ii) and a proxy and subscription forms in
respect of the Securities set forth opposite its name in Schedule 1. Following receipt of the proxy and subscription forms and the Subscription Price, the Company shall effect a share capital increase in front of a Luxembourg notary and issue
the Securities set out in Schedule 1. Immediately following the issuance of such Securities, the Company shall enter each subscriber’s name in the Company’s securities registers as the holder of the applicable number and type of
Securities. 
 3. Representations and Warranties 

(a) Representations and Warranties Regarding the Investors. In connection with the subscription and issuance of Securities hereunder,
each Investor represents and warrants to the Lux Sarl, the Company and every other Investor that as at the date hereof: 

(i) Organization. Such Investor is an entity duly organized and validly existing under the laws of the jurisdiction
of its organization. 
 (ii) Authority. Such Investor has full power and authority to enter into, execute and deliver
this Agreement. The execution and delivery of this Agreement and the performance of the rights and obligations hereunder have been duly and validly authorized by such Investor and no other proceedings by or on behalf of such Investor will be
necessary to authorize this Agreement or the performance of the rights and obligations hereunder. This Agreement constitutes the valid and binding obligations of such Investor enforceable against it in accordance with its terms, except as the
enforceability thereof may be limited by (i) bankruptcy, insolvency, reorganization or other similar laws affecting enforcement of creditors’ rights generally and (ii) subject to general principles of equity. 

(iii) No Legal Bar. The execution, delivery and performance of this Agreement by such Investor will not (a) violate
(1) the organizational documents of such Investor or (2) any law, treaty, rule or regulation applicable to or binding upon such Investor or any of its properties or assets or (b) result in a breach of any contractual obligation to
which such Investor is a party or by which it or any of its properties or assets is bound, in the case of each of clauses (a)(1) and (b) in any respect that would reasonably be expected to have a material adverse effect on the ability of such
Investor to perform its obligations under this Agreement. 
 (iv) Litigation. There is no civil, criminal or
administrative action, suit, demand, claim, hearing, notice of violation or investigation, proceeding or demand letter pending, or to the knowledge of such Investor threatened, against such Investor, which if adversely determined would reasonably be
expected to have a material adverse effect on the ability of such Investor to perform its obligations hereunder. 
 (v)
Information. Such Investor has been given the opportunity to (a) ask questions and receive satisfactory answers concerning the terms and conditions of the Securities and its subscription therefor and (b) obtain additional
information which such Investor and its representatives deem necessary, in each case in order to evaluate the merits and risks of executing and delivering this Agreement. Such Investor has not relied upon any statement, printed material or other
information given or made by or on behalf of the Company that is contrary to information contained in this Agreement. 

  
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 (vi) Securities Not Registered. Such Investor is acquiring the Securities
set opposite its name in Schedule 1 solely for its own account, for investment purposes and not with a view to, or for sale in connection with, the distribution thereof other than as permitted under applicable securities and other laws.
Such Investor (a) has such knowledge and experience in business and financial matters as will enable it to evaluate the merits and risks of the transactions contemplated hereby, (b) is able to bear the economic risk of an investment in the
Group and (c) is able to bear the risk of loss of its entire investment in the Group. 
 (vii) No Other
Representations. Except for the representations and warranties contained in this Section 3, no such Investor, nor any other Person or entity acting on behalf of such Investor, makes any representation or warranty, express or implied
to any other Party. 
 (b) Representations and Warranties Regarding the Company. The Company represents and warrants to the Investors
as of the date hereof as follows: 
 (i) Organization. The Company is an entity duly organized and validly
existing under the laws of the jurisdiction of its organization and the information set out in Part B of Schedule 1 is true and accurate. 

(ii) Authority. The Company has full power and authority to enter into, execute and deliver this Agreement. The
execution and delivery of this Agreement and the performance of the rights and obligations hereunder have been duly and validly authorized by the Company and no other proceedings by or on behalf of the Company will be necessary to authorize this
Agreement or the performance of the rights and obligations hereunder. This Agreement constitutes the valid and binding obligations of the Company enforceable against it in accordance with its terms, except as the enforceability thereof may be
limited by (a) bankruptcy, insolvency, reorganization or other similar laws affecting enforcement of creditors’ rights generally and (b) subject to general principles of equity. 

4. Restrictions on Transfer of Securities 

(a) General Restrictions on Transfer of Securities. No Co-Investor shall Transfer any interest in any Securities held by such
Co-Investor without the prior written consent of the Lux Sarl. 
 (b) Permitted Transfers. Notwithstanding anything to the contrary
in this Agreement, a Co-Investor may Transfer its Securities to a Permitted Transferee after written notice of such permitted Transfer has been delivered to the Lux Sarl and the transferee(s) has complied with Section 4(d),
provided that this Section 4 will continue to apply to any Securities so transferred and if any Permitted Transferee ceases at any time to be a Permitted Transferee, the Securities held by such transferee shall immediately be
transferred back to the relevant Co-Investor. 
 (c) Transfers in Violation of Agreement. Any Transfer or attempted Transfer of any
Securities in violation of any provision of this Agreement shall be void and of no effect, and the Company shall not give effect to such Transfer nor record such Transfer on its books or treat any purported transferee of such Securities as the owner
of such Securities for any purpose. 
 (d) Execution of Deed of Adherence. Prior to any Transfer of any Securities (other than
pursuant to a Public Sale or pursuant to Section 5 (Tag Along Rights) or Section 6 (Drag Along 

  
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Right), the transferring Securityholder shall procure that the transferee(s) shall execute and deliver a duly executed Deed of Adherence to the Company in respect of all Securities subject to the
Transfer prior to completion of the Transfer. Any Person who has entered into a Deed of Adherence pursuant to this Agreement shall have the benefit of and be subject to the burden of all the provisions of this Agreement as if such Person was an
original party hereto in the capacity designated in the Deed of Adherence and this Agreement shall be interpreted accordingly. Nothing in this provision shall be construed as requiring any party to perform again any obligation or discharge again any
liability already performed or discharged or entitle any party to receive again any benefit already enjoyed. The Company undertakes that no Person shall be registered as a holder of Securities unless such Person has executed and delivered to the
Company, on its own behalf and on behalf of all the other parties to this Agreement, a Deed of Adherence agreeing to be bound by this Agreement. 

(e) Termination of Restrictions. The restrictions set forth in this Section 4 shall continue to apply to a
Securityholder’s Securities until such Securities have been transferred in a Public Sale or pursuant to Section 5 (Tag Along Rights) or Section 6 (Drag Along Right). 

5. Tag Along Rights 
 (a)
Delivery of Bain Investor Transfer Notice. At least twenty (20) days prior to any Transfer of Bain Securities by a Bain Investor (each a “Bain Seller”) (other than pursuant to a Solvent Reorganization, a Public Sale
(other than in a Public Offering) or a Transfer to one or more Affiliates, employees, consultants or advisors of a Bain Investor (or any entity formed for its or their benefit) or to any Executive), the Bain Sellers shall deliver a written notice
(the “Bain Sale Notice”) to each Co-Investor specifying in reasonable detail the identity of the prospective transferee(s), the number and types of Securities to be transferred, the price and the other terms and conditions of the
Transfer, including copies of any definitive agreements. If there is a Transfer of shares in any Bain Investor (including any Transfer in a company holding shares, directly or indirectly of a Bain Investor) to an Independent Third Party that would
result in a direct or indirect Transfer of Bain Securities, then each Co-Investor shall have the right to participate in such Transfer subject to the terms of this Section 5. 

(b) Election to Participate. Each Co-Investor may elect to participate (a “Participating Securityholder”) in the
contemplated Transfer by delivering written notice to the Company and the Bain Sellers within fifteen (15) days after delivery of the Bain Sale Notice in accordance with Section 23 of its desire to participate in such Transfer. 

(c) Pro Rata Participation. Each Participating Securityholder shall be entitled to sell in the contemplated Transfer, on the same terms
and conditions as the Bain Sellers, such number of its Securities as have a Pecuniary Value equal to the product of (i) the quotient determined by dividing the Pecuniary Value of Securities owned by such Person by the aggregate Pecuniary Value
of all the Securities issued by the Company and (ii) the Pecuniary Value of all the Securities which the prospective transferee has agreed to acquire pursuant to the contemplated Transfer, and the Bain Sellers shall be entitled to sell the
remaining Securities in the contemplated Transfer. Each Participating Securityholder shall be required, to the extent possible, to transfer Securities of the same type and in the same proportional strip as the Bain Securities proposed to be
transferred pursuant to the Bain Sale Notice. 
 (d) Consideration. Any Transfer pursuant to this Section 5 shall be at
the same consideration per Security among all the Securities of the same type. 
 (e) Assistance and Cooperation. Each Participating
Securityholder shall assist and cooperate with the Board of Directors, the Lux Sarl, the Company and all other Securityholders in doing all things necessary, proper or advisable to consummate, in the most expeditious manner practicable, the


  
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Transfer, and shall therefore in its capacity as a Securityholder (and to the extent applicable shall procure that its appointee to the Board of Directors shall in his/her capacity as a
director), among other things: (A) use reasonable efforts to maximize the aggregate sale proceeds; (B) vote for or consent to, if required, and in any event raise no objections against and otherwise cooperate in order to effect, such sale
or the process pursuant to which such sale is arranged; (C) waive any dissenter’s rights, appraisal rights or similar rights to such sale, if such sale is structured as a merger or consolidation and (D) transfer its Securities or
rights to Securities on the terms and conditions approved for such sale by the Lux Sarl. 
 (f) Indemnities, and Representations and
Warranties. Each Participating Securityholder transferring Securities pursuant to this Section 5 shall, in such Person’s capacity as a Securityholder, be obligated (x) to provide the same representations, warranties and
covenants as those provided by the Bain Investors, (y) join on a pro rata basis (based on the amount of proceeds to be received) in any indemnification or other obligation that the Bain Sellers agree to provide, and (z) pay its
pro rata share (based on the amount of proceeds to be received) of all costs and expenses incurred in connection with the Transfer. 

(g) Termination. The rights granted pursuant to this Section 5 shall terminate upon the termination of the restrictions on
Transfer set forth in Section 4(e). 
 6. Drag Along Right 

(a) Delivery of Investor Sale Notice. If the Bain Investors propose to Transfer any Bain Securities (other than pursuant to a Solvent
Reorganization or any Transfer of Investor Securities to such Bain Investor’s Affiliates, employees, consultants and advisors (or any entity formed for their benefit) or to any Executive), the Lux Sarl shall have the right to require each
Co-Investor to directly and/or indirectly participate in such Transfer by specifying the same in the Bain Sale Notice. 
 (b) Pro Rata
Participation. Each Co-Investor shall participate in the contemplated Transfer on the same terms and conditions as the Bain Sellers and shall be required to sell such number of its Securities as have a Pecuniary Value equal to the product of
(i) the quotient determined by dividing the Pecuniary Value of Securities owned by such Person by the aggregate Pecuniary Value of all the Securities issued by the Company and (ii) the Pecuniary Value of all the Securities which the
prospective transferee has agreed to acquire pursuant to the contemplated Transfer. Each Co-Investor shall be required, to the extent possible, to transfer Securities of the same type and in the same proportional strip as the Bain Securities
proposed to be transferred pursuant to the Bain Sale Notice. 
 (c) Consideration. Any Transfer pursuant to this
Section 6 shall be at the same consideration per Security among all the Securities of the same type. 
 (d) Assistance and
Cooperation. If a Bain Sale Notice specifies that the Co-Investors are required to participate in a Transfer, each Co-Investor shall assist and cooperate with the Board of Directors, the Lux Sarl, the Company and all other Securityholders in
doing all things necessary, proper or advisable to consummate, in the most expeditious manner practicable, such Transfer, and shall therefore in its capacity as a Securityholder (and to the extent applicable shall procure that its appointee to the
Board of Directors shall in his/her capacity as a director), among other things: (A) use reasonable efforts to maximize the aggregate sale proceeds; (B) vote for or consent to, if required, and in any event raise no objections against and
otherwise cooperate in order to effect, such sale or the process pursuant to which such sale is arranged; (C) waive any dissenter’s rights, appraisal rights or similar rights to such sale, if such sale is structured as a merger or
consolidation and (D) transfer its Securities or rights to Securities on the terms and conditions approved for such sale by the Lux Sarl. 

  
 11 








 (e) Indemnities, and Representations and Warranties. Each Participating Securityholder
transferring Securities pursuant to this Section 6 shall, in such Person’s capacity as a Securityholder, be obligated (x) to provide the same representations, warranties and covenants as those provided by the Bain Investors,
(y) join on a pro rata basis (based on the amount of proceeds to be received) in any indemnification or other obligation that the Bain Sellers agree to provide, and (z) pay its pro rata share (based on the amount of proceeds
to be received) of all costs and expenses incurred in connection with the Transfer. 
 7. Preemptive Rights 

(a) The Company. Subject to Section 7(c), if the Company proposes to issue (an “Issuance”) any Securities
to any Bain Investor or any Affiliate thereof (each a “New Subscriber”), each Co-Investor shall have the right (the “Right”) to subscribe for and purchase a portion of the number or amount of Securities in any such
Issuance up to such Co-Investor’s Pro Rata Percentage of such Securities; provided that each such Co-Investor shall only be entitled to subscribe for such Securities pursuant to this Section 7 in the same proportions of all classes
and types of Securities as comprise the aggregate Securities to be issued in such Issuance. The Right shall be exercisable by each such Co-Investor for the same price and upon the same terms and conditions (including in the event such Securities are
issued as a unit with other Securities, the purchase of such other Securities) as the Securities issued in such Issuance to the New Subscriber. 

(b) Procedure. The Company shall cause to be given to each Co-Investor at least twenty (20) days prior to a proposed Issuance a
written notice setting forth the consideration that the Company intends to receive and the terms and conditions upon which the Securities shall be issued (the “Preemptive Notice”). After receiving a Preemptive Notice, a Co-Investor
that desires to exercise its Right must give notice to the Company in writing, within twenty (20) days after the date that such Preemptive Notice is deemed given pursuant to Section 23, indicating the number of Securities of each
class or type (such number not to exceed the aggregate number of Securities of such class or type proposed to be issued in such Issuance, multiplied by the Co-Investor’s Pro Rata Percentage) for which the Co-Investor desires to subscribe (the
“Preemptive Reply”). The closing of the subscription pursuant to a Preemptive Reply shall occur no earlier than eight (8) days and no later than thirty (30) days after delivery of the Preemptive Reply pursuant to
Section 23. If any Co-Investor fails to deliver a Preemptive Reply in accordance with this Section 7(b), such Co-Investor’s pro rata share of the Issuance may thereafter, for a period not exceeding ninety (90) days
following the expiration of such ten (10) day period, be issued on terms and conditions no less favorable and at a price not less than the price set forth in the Preemptive Notice. Any such Securities not issued during such ninety (90) day
period shall thereafter be subject again to the preemptive rights provided for in this Section 7. 
 (c) Emergency Equity
Offering. Notwithstanding any other provision in this Agreement, the Articles or any terms and conditions attaching to any Securities, in the event that the Lux Sarl determines in good faith that it is in the best interests of the Company or its
Subsidiaries that an Issuance otherwise subject to this Section 7 be conducted on an accelerated basis due to cash or liquidity requirements (including, but not limited to, a prospective breach of a liquidity covenant) or other business
considerations of the Company or any of its Subsidiaries (an “Emergency Equity Offering”), then such Issuance may be completed otherwise than in compliance with the procedures set forth in this Section 7; provided
that the purchaser(s) of the Securities offered pursuant to the Emergency Equity Offering shall (x) be required to promptly, and in any event not later than 90 days after the date of completion of such Emergency Equity Offering, offer to sell
to the Co-Investors such portions of the Issuance as each such Co-Investor would have been entitled to subscribe for had such Issuance been effected through an offering subject to the preemptive rights set forth above in Sections 7(a) and
7(b), at the price and on the other terms thereof and (y) not exercise any voting rights attributable to such Securities until the earlier of (i) completion of the secondary sales, if any, to Co-Investors pursuant to this
Section 7(c), and (ii) 30 days following delivery of the offer contemplated in this Section 7(c). 

  
 12 








 (d) Waiver of Statutory Rights. Without prejudice to the Right hereunder, to the maximum
extent permitted by applicable law, each Securityholder hereby waives any and all pre-emptive and preferential subscription rights otherwise provided by applicable law in connection with any issuance of Securities that have been validly authorized
and effected in accordance with the terms of this Agreement. 
 (e) Termination. The provisions of this Section 7 as they
apply to Issuances shall cease to apply on consummation of a Public Offering of a Co-Investor’s Securities pursuant to Section 8 below. 

8. Public Offering 
 (a)
By the Company. If at any time the Lux Sarl approves a Public Offering, each Securityholder shall vote for and consent to (to the extent it has any voting or consent right) and raise no objections against such Public Offering and each
Securityholder shall take all reasonable actions in connection with the consummation of such Public Offering, in each case only if requested by the Lux Sarl and consistent with current market practice at the time of such Public Offering (including,
without limitation, those actions described in Section 8(c) below). 
 (b) Reorganization. In connection with any Public
Offering subject to this Section 8, and only to the extent requested by the Lux Sarl pursuant to Section 8(a) above, each Securityholder shall agree to effectuate such Public Offering as follows: 

(i) If the public company vehicle (“Newco”) is to be a Luxembourg entity, the Company shall be converted
into a société anonyme (public company with limited liability or S.A.) under the laws of the Grand Duchy of Luxembourg, and the Securities then held by Securityholders will be reclassified as described below into the securities
of Newco to be offered in such Public Offering; or 
 (ii) If the Lux Sarl and the managing underwriters agree that it
will be more beneficial to effect the Public Offering using a Newco or another Group Company organized under the laws of another jurisdiction, the Company shall form or, if applicable, reorganize or recapitalize such entity, and the Securityholders
shall, if requested by the Lux Sarl, contribute all of their Securities to such Newco or Group Company in exchange for common shares in Newco or the relevant Group Company; provided, however, if any Securities other than shares are to be paid
off in cash in connection with the Public Offering, then, if the Lux Sarl shall request, such Securities shall be contributed in exchange for such other securities in Newco or the relevant Group Company to achieve a tax efficient result as
determined by the Lux Sarl provided further that, without limiting the foregoing the Company shall use its commercially reasonable endeavours to agree a mutually acceptable tax efficient structure for all Securityholders. 

The Newco Common issued to Securityholders shall be allocated among such holders so that, immediately after such exchange, each Securityholder holds Newco
Common having an aggregate value (based on the Public Offering price to the public) equal to the amount which such Securityholder would have received if, immediately prior to such exchange, the Company had distributed to such Securityholder an
aggregate amount equal to the Implicit Pre-IPO Value of the Newco Common in a complete liquidation pursuant to the rights and preferences set out in the Articles and the terms and conditions attaching to the outstanding Securities immediately prior
to such exchange. Newco Common shall be 

  
 13 








 
allocated among the Securityholders as determined by the rights and preferences set out in the Company’s Articles and the terms and conditions attaching to the outstanding Securities
immediately prior to the exchange. 
 (c) Cooperation. Subject to the terms and conditions of this Section 8, the Company
and each Securityholder, agrees that it shall assist and cooperate with the other Securityholders and the Lux Sarl in doing all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, any
Public Offering and shall use reasonable efforts, in their capacity as securityholders of the Company, to maximize the aggregate offering proceeds. Subject to the terms and conditions of this Section 8, Newco, the Company and its
Subsidiaries and each Securityholder agrees that it shall not take any actions inconsistent with the procedures set out in this Section 8 or Section 9 that would otherwise undermine the process for a Public Offering
undertaken in accordance with this Section 8. The Securityholders agree that the Lux Sarl may carry out or change the form of the reorganization contemplated in Section 8(b) so as to maximize the aggregate tax efficiencies
associated with such reorganization, taking into account and using commercially reasonable efforts to protect the tax position of all the Securityholders; provided that, notwithstanding the foregoing and for the avoidance of doubt, any such
reorganization may negatively affect the tax position of individual Securityholders provided further that, without limiting the foregoing the Company shall use its commercially reasonable endeavours to agree a mutually acceptable tax efficient
structure for such individual Securityholders. Furthermore, the parties agree that, in the event that any prospective Public Offering is not consummated, and the Lux Sarl shall so elect, they will assist and cooperate with all other Securityholders
and the Lux Sarl in doing all things necessary to reverse as expeditiously as reasonably practicable any reorganization of the Company and its Subsidiaries and, to the extent reasonably practicable, to return the Company and Subsidiaries to their
corporate forms and capitalization prior to any reorganization or recapitalization. 
 (d) Waiver. Without limiting the generality of
the foregoing, each Co-Investor hereby waives any dissenter’s rights, appraisal rights or similar rights in connection with any recapitalization, reorganization and/or exchange pursuant to this Section 8. 

9. Holdback 
 (a) Prior
to a Public Offering, Lux Sarl, the Company and each Investor shall enter into an agreement with respect to various matters regarding such Public Offering and the rights and obligations of Lux Sarl, the Company and each Investor in connection
therewith, including lock-ups (as contemplated below) and provisions designed to result in an orderly disposition of securities by the Investors, in each case as determined by the Board of Directors in good faith. Each Co-Investor agrees not to
offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any Securities or any equity or debt securities of a Newco or a Group Company, or enter into a transaction which would have the same effect, or enter into any
swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of such securities, whether any such aforementioned transaction is to be settled by delivery of such securities or other securities,
in cash or otherwise, or publicly disclose the intention to make any such offer, sale, pledge or disposition, or to enter into any such transaction, swap, hedge or other arrangement, in each case during the seven days before and the 180-day period
beginning on the effective date of any underwritten Public Offering (or such shorter period as may be requested in writing by the Lux Sarl) (the “Market Standoff Period”), except as part of such underwritten registration if
otherwise permitted. In addition, each Co-Investor agrees to execute any further letters, agreements and/or other documents reasonably requested by the Lux Sarl or the Company’s or Newco’s underwriters which are consistent with current
market practice at the time and the terms of this Section 9. The Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of the relevant Market Standoff Period. The
restrictions on the Transfer of Securities set forth in this Agreement shall continue with respect to each Security until the date on which such Security has been transferred in a Public Sale or pursuant to Sections 5 or
Section 6. 

  
 14 








 10. Solvent Reorganisation Without prejudice to the other provisions of this Agreement,
the Board of Directors shall be authorized, taking into account the tax consequences for the Co-Investors, to cause a Solvent Reorganization at any time and for any reason (including, but not limited to, in connection with a Public Sale, a Transfer
pursuant to Section 5 or Section 6 or any consolidation, merger or other transaction in which the Company is not the surviving entity or which results in the acquisition of all or substantially all of the Company’s
outstanding Securities by a single Person or by a group of Persons acting in concert). In the event of any Solvent Reorganization, each Party hereto shall take all necessary and advisable steps to facilitate and effectuate such transaction, as
determined by the Board of Directors in light of relevant business, marketability and taxation concerns, including by voting or executing a written consent to approve such transaction, raising no objection to such transaction, refraining from the
exercise of any statutory or other legal rights that may inhibit the full implementation of such transaction (including any statutory dissenter’s rights or rights to fair value), and generally cooperating as Securityholders so that the
transaction may be implemented as rapidly and efficiently as possible. In furtherance of the foregoing, each Party hereto hereby waives and undertakes to take any action necessary in the future to waive any dissenter’s rights, appraisal rights
or similar rights in connection with any valid Solvent Reorganization undertaken in accordance with this Section 10. In the event that Securities are exchanged or converted or new Securities are issued in a Solvent Reorganization, the
definitions and other provisions of this Agreement shall be automatically amended to reflect such exchange, conversion or issuance, as determined in the discretion of the Board of Directors, acting in good faith, with notice of any such amendments
provided to the parties hereto in accordance with Section 23. 
 11. Non-compete / Non-solicit Each Co-Investor
undertakes to the Lux Sarl, the Company and the Bain Investors (for their benefit and the benefit of each member of the Group) that it will not (and it will procure that its Affiliates do not), either alone or in conjunction with or on behalf of any
other person, do any of the following things: 
 (a) for so long as a Co-Investor holds any Security: 

(i) directly or indirectly carry on, be engaged or be economically interested in any business that is of the same, or is
likely to be in competition with, the business of any Group Company as carried on at the date of this Agreement within the territories where the Subsidiaries render their services; 

(ii) in competition with the business of any Group Company or the Group as carried on at the date of this Agreement,
canvass or solicit the custom of any person, firm or company that has within two years prior to Closing been a regular customer or supplier of any Group Company in relation to the business of the Group; 

(iii) solicit, hire or entice away from the employment of any Group Company any Senior Employee; or 

(iv) assist any other person to do any of the foregoing things; 

(b) make any public derogatory statements or comments in relation to, or otherwise publically disparage, any Group Company or any
shareholder, investor, director, officer or employee of any Group Company. 

  
 15 








 The undertakings in Section 11 do not prohibit any Co-Investor or any of its
Affiliates from: (a) holding or being interested in up to 5% of the outstanding issued share capital of a company listed on an internationally recognized stock exchange or in any other company which does not compete in the current territories
where the members of the Group operate. 
 Each Group Company may enforce the terms of Section 11 as if it were a party hereto
subject to and in accordance with the Contracts (Rights of Third Parties) Act 1999, provided that this Agreement may be varied or rescinded without the consent of those persons and none of those persons shall be entitled to assign any of their
rights under this Section 11. 
 12. Information The Poma Investors shall be entitled to receive: (a) quarterly
financial statements (to the extent produced in respect of any member of the Group); (b) audited annual financial statements of the Group, (c) Board of Directors information packages and (d) if so requested by the Poma Investors, the
Company shall make available to Poma and its professional advisors on a semi-annual basis the officers, employees, attorneys, independent accountants and other advisors of the Group to discuss the business and conditions (financial or otherwise) of
the Business or any other matters affecting the Group that are of interest to the Poma Investors, in each case at reasonable times and upon reasonable notice. 

13. Corporate Opportunities In the event that any Bain Investor or its Affiliate has knowledge of a potential transaction or matter
that may be a corporate opportunity for the Group, such Bain Investor or its Affiliate shall not have any duty (contractual or otherwise) to communicate or present such corporate opportunity to the Board of the Directors or the Group, and,
notwithstanding any provision of this Agreement to the contrary, neither a Bain Investor nor any of its Affiliates or any individual associated with any Bain Investor or its Affiliates shall be liable to the Group for breach of any duty (contractual
or otherwise) by reason of the fact that any Bain Investor or its Affiliates directly or indirectly pursues or acquires such opportunity for itself, directs such opportunity to another Person, or does not present such opportunity to the Board of
Directors or the Group. 
 14. Fee Agreements. The parties acknowledge and agree that the Bain Investors and/or any of their
Affiliates shall be entitled to receive and retain all amounts payable to such Persons under the terms of the Fee Agreements. 
 15.
Effectuating the Intent of the Investors Each Investor shall (i) vote its Securities and take all other action in its power and authority as a securityholder of the Lux Sarl and/or of the Company (as applicable) and (ii) if
applicable, instruct those directors and members of any committees designated by such Investor to, and replace any such director or committee member that does not, exercise their voting rights on each such body in a manner consistent with the rights
and obligations of the Investors under this Agreement so as to effectuate and preserve the intent of the Investors as set out herein. 
 16.
Amendment and Waiver The provisions of this Agreement may be amended, modified or waived only with the prior written consent of the Bain Investors, the Lux Sarl, the Company and the Co-Investor Representative. No course of dealing or the
failure of any party to enforce any of the provisions of this Agreement shall in any way operate as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in
accordance with its terms. The provisions of this Section 16 shall remain unaffected by any amendment, modification or waiver of this Agreement. 

17. Severability Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect the
validity, legality or 

  
 16 








 
enforceability of any other provision of this Agreement in such jurisdiction or affect the validity, legality or enforceability of any provision in any other jurisdiction, but this Agreement
shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 

18. Delegation of Authority. Except as otherwise provided therein, each Co-Investor to the extent legally permitted hereby grants an
irrevocable power of attorney in the form set out in Schedule 3, in favour of Lux Sarl (the “Attorney”), to enable the Attorney to execute, acknowledge, verify, swear to, deliver, record and file, in his or her name, all
instruments, documents and certificates which may be (i) necessary to effect any mandatory transfers or exchanges of the Co-Investor’s Securities, if such mandatory transfers or exchanges are required pursuant to Section 6,
Section 8 or Section 10 of this Agreement or the Articles (“Relevant Provisions”) or (ii) determined by such Attorney to be necessary or appropriate in connection with the Relevant Provisions, save that,
such power of the Attorney shall not be exercised without the prior written consent of the relevant Co-Investor, if the exercise of such powers (x) adversely affects the rights of such Co-Investor under this Agreement and/or the Articles, or
(y) extends or increases any financial obligation or liability to which such Co-Investor may be subject, in his/her capacity as a holder of such Securities. If any Co-Investor is not legally able to provide such irrevocable power of attorney,
such Co-Investor shall, immediately following the written request of Lux Sarl, grant a power of attorney substantially in the form set out in Schedule 3. 

19. Entire Agreement Except as otherwise expressly set forth herein, and save in the case of fraud, this Agreement and the Articles and
any other terms and conditions attaching to the Securities to be issued to the Investors pursuant to Section 2 and the documents referred to herein and therein embody the complete agreement and understanding among the parties hereto with
respect to the subject matter hereof and supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way. 

20. Successors and Assigns Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be
enforceable by (i) the Company and the Lux Sarl and their respective permitted successors and assigns, (ii) the Co-Investors and the respective permitted successors and assigns of each of them, so long as they hold Securities, and
(iii) the Bain Investors and the respective permitted successors and assigns of each of them, so long as they hold Securities. 
 21.
Counterparts This Agreement may be executed in multiple counterparts, each of which shall be an original and all of which taken together shall constitute one and the same agreement. 

22. Remedies Any Person having rights under any provision of this Agreement shall be entitled to enforce their rights under this
Agreement specifically, to recover damages by reason of any breach of any provision of this Agreement and to exercise all other rights existing in their favor. The parties hereto agree and acknowledge that money damages would not be an adequate
remedy for any breach of the provisions of this Agreement and that the Company, the Lux Sarl, any Investor may in its sole discretion apply for specific performance and/or injunctive relief (without posting a bond or other security) in order to
enforce or prevent any violation of the provisions of this Agreement. 
 23. Notices All notices, demands or other communications to
be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been received (a) when delivered personally to the recipient, (b) when telecopied to the recipient (with hard copy
sent to the recipient by internationally reputable overnight courier service (charges prepaid) that same day) if telecopied before 5:00 p.m., local time in the jurisdiction of recipient on a Business Day, and otherwise on the next Business Day, or
(c) two Business Days after being sent to the recipient by internationally reputable overnight courier service (charges prepaid). Such notices, demands and other 

  
 17 








 
communications shall be sent to the Company and the Investors, as applicable, at the address indicated below and on Part A of Schedule 1 attached hereto at such address, and to the
attention of such other Person as the recipient party has specified by prior written notice to the parties. 
 If to the Company or the
Lux Sarl: 
 BC Luxco Topco S.C.A. 

9A Rue Gabriel Lippmann 
 L-5365
Munsbach 
 Grand-Duchy of Luxembourg 

			
	Telephone:	  	+352 29 78 66 33
	Facsimile:	  	+352 29 78 66 63
	Attention:	  	Ailbhe Jennings

 With a copy (which shall not constitute notice hereunder) to: 

Kirkland & Ellis International LLP 

30 St. Mary Axe 
 London 

EC3A 8AF 

			
	Telephone:	  	+44 (0) 207 469 2000
	Facsimile:	  	+44 (0) 207 469 2001
	Attention:	  	Sam Pakbaz

 If to the Bain Investors: 

Bain Capital, Ltd. 
 Devonshire
House 
 Mayfair Place 
 London
W1J 8AJ 
 United Kingdom 

			
	Telephone:	  	+44 (0) 207 514 5252
	Facsimile:	  	+44 (0) 207 514 5250
	Attention:	  	Felipe Merry del Val / Melissa Bethel / Devin O’Reilly

 With a copy (which shall not constitute notice hereunder) to: 

Kirkland & Ellis International LLP 

30 St. Mary Axe 
 London 

EC3A 8AF 

			
	Telephone:	  	+44 (0) 207 469 2000
	Facsimile:	  	+44 (0) 207 469 2001
	Attention:	  	Sam Pakbaz


  
 18 








 If to any Co-Investor: 

Unless otherwise notified to the Company, to the registered address of the relevant Co-Investor set forth in Schedule 1 

With a copy (which shall not constitute notice hereunder) to: 

Greenberg Traurig, P.A. 
 333 S.E.
2nd Avenue 
 Miami, FL 33131 

			
	Telephone:	  	+1 (305) 579 0702
	Facsimile:	  	+1 (305) 961 5702
	Attention:	  	Alexandra Aguirre

 24. Confidentiality Each Co-Investor undertakes to the Company and the Bain Investors that, for as long
as it is the direct or indirect holder of Securities, it shall not, and shall procure that its Permitted Transferees and Affiliates shall not, disclose to any Person (or use to the detriment of the Company, its Subsidiaries or the Business)
(i) any confidential information which may have come to his or their knowledge concerning the affairs of the Company, its Subsidiaries or the Business (whether in its/their capacity as a Securityholder or member of the Board of Directors or an
advisor), or (ii) the existence or contents of this Agreement and/or any related discussions or documentation dealing with the equity investment of the Co-Investor in the Company, unless required to do so by law or by the regulations of any
relevant stock exchange or following the prior written consent of the Lux Sarl. Each of the Lux Sarl, the Company and the Bain Investors undertake to each Poma Investor that it (and its Affiliates) will not, without the prior written consent of each
Poma Investor, disclose to any Person who is not an officer, director, employee, advisor or agent of a Bain Investor (or any Affiliate thereof) any details relating to such Poma Investor investment in Lux Topco or its holding of Securities unless
required to do so pursuant to the terms of the governing documents of a Bain Investor (or Affiliate thereof) or by law or regulation or the ruls of any relevant stock exchange. 

25. Arbitration Any disputes arising hereunder shall be referred to and finally resolved either by (x) an ad hoc arbitration
procedure approved by the parties or, if an agreement as to an ad hoc procedure cannot be reached, then (y) arbitration in accordance with the Rules (the “Rules”) of the London Court of International Arbitration
(“LCIA”), which Rules are deemed to be incorporated by reference into this Section 25, except as expressly modified by this Section 25. Before an arbitration pursuant to this provision has been convened, any
party may seek interim or provisional relief from the English courts, which shall have exclusive jurisdiction in respect of any such interim or provisional relief. Such interim or provisional relief may subsequently be vacated, continued or modified
by the arbitrator on the application of any party. Furthermore, the following provisions shall apply in respect of any arbitration proceedings conducted pursuant to this Section 25: 

(a) there shall be one (1) arbitrator, the selection of which shall be by mutual agreement between the parties. If, however, the
parties are unable to agree on the selection of the arbitrator within thirty (30) days after the commencement of the arbitration, then the selection of the arbitrator shall be made by the LCIA; 

(b) the place of the arbitration shall be London, England; 

(c) the language of the arbitration shall be English; 

(d) the arbitrator shall determine the allocation of expenses of the arbitral proceedings amongst the parties; 

  
 19 








 (e) the arbitrator shall have the authority to award all forms of relief determined to be just
and equitable; provided that the arbitrator shall have no authority to award punitive or exemplary damages, or any other monetary damages not measured by the prevailing party’s actual damages; and 

(f) any arbitral award rendered pursuant to this provision shall be final and binding on the parties and may be enforced in any court of
competent jurisdiction. 
 26. Governing Law This Agreement is governed by, and shall be construed exclusively in accordance with,
the laws of England. 
 27. Costs Each party shall bear its own costs and expenses in relation to the negotiations leading up to the
execution of this Agreement and the preparation, execution and carrying into effect of the agreements and instruments documenting the transactions contemplated hereby. 

28. Supremacy In the event of any conflict between this Agreement and the Articles and any other terms and conditions attaching to any
Securities the terms of this Agreement shall prevail and the parties shall procure that the Articles or the terms and conditions of such Securities (as applicable) shall be amended to such extent as may be necessary in order to remove such conflict
and subject to applicable law in order to align them with the provisions of this Agreement. 
 29. Descriptive Headings The
descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. 
 30. No Strict
Construction The language used in this Agreement shall be deemed to be the language chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. 

31. Delivery by Facsimile or e-mail This Agreement, the agreements referred to herein, and each other agreement or instrument entered
into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine or e-mail, shall be treated in all manner and respects as an
original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. As the request of any party hereto or to any such agreement or instrument, each
other party hereto or thereto shall re-execute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or e-mail to deliver a signature or the
fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or e-mail as a defense to the formation or enforceability of a contract and each such party forever waives any such defense.

 32. Assignment. No Co-Investor may assign any of its rights or obligations under this Agreement to any Person other than an
Affiliate of such Co-Investor without the prior written consent of the Lux Sarl. 
 33. Co-Investors’ Representative. 

(a) Each Co-Investor hereby appoints Alejandro Poma (the “Co-Investor Representative”) as its representative and attorney
with irrevocable authority to: 
 (i) agree, vary or waive any matter on behalf of the Co-Investors (including making
any amendment to this Agreement); or 

  
 20 








 (ii) make any request, election, proposals or consent or give any notice
expressed to be made on behalf of the Co-Investors to the Company, the Lux Sarl, the Bain Investors or any other Securityholder, 
 in
connection with this Agreement, the Articles and all other terms and conditions attaching to the Securities. 
 (b) A majority of the
Co-Investors (as determined by reference to the number of Securities held by them) are entitled by written notice to the Lux Sarl to remove the Co-Investor Representative and to appoint in its place another Person that is an Affiliate of a
Co-Investor. 
 34. Termination. 

(a) This Agreement (other than Sections 1 and 16 to 33 (inclusive)) shall terminate and each party’s rights and obligations under this
Agreement shall immediately cease upon: 
 (i) the mutual written agreement of the Lux Sarl, the Company, the Bain Investors
and the Co-Investor Representative; 
 (ii) a Public Sale, if so required by the Bain Investors in writing delivered to the
Company, the Lux Sarl and the Co-Investor Representative; or 
 (iii) the consummation of a Final Exit. 

Notwithstanding the foregoing sentence, termination shall not affect a party’s accrued rights and obligations as at the date of termination. 

(b) A party shall cease to be a party to this Agreement for the purpose of receiving benefits and enforcing its rights hereunder with effect
from the date it ceases to hold or beneficially own any Securities. Notwithstanding the foregoing sentence, termination shall not affect a party’s accrued rights and obligations as at such date of cessation. 

*    *    *    *    * 

  
 21 








 IN WITNESS WHEREOF, this Subscription and Securityholder Agreement has been executed as of the
date first written above. 
  

			
	Bain Capital Fund X, L.P.
	 By: Bain Capital Partners X, L.P.

its general partner

	 By: Bain Capital Investors, LLC
 its
general partner

	
	/s/ Luca Bassi
	By:	 	Luca Bassi
	Title:	 	Managing Director

  

			
	Bain Capital Europe Fund III, L.P.
	 By: Bain Capital Partners Europe III, L.P.

its general partner

	 By: Bain Capital Investors, LLC
 its
general partner

	
	/s/ Luca Bassi
	By:	 	Luca Bassi
	Title:	 	Managing Director

  

			
	BC Luxco S.à r.l.
	
	 /s/ Jay Corrigan

	By:	 	Jay Corrigan
	Title:	 	Manager
	
	 /s/ A. Vasseur

	By:	 	A. Vasseur
	Title:	 	Manager


  
 22 









			
	BC Luxco Topco S.C.A
	 By: BC Luxco S. à r.l.
 its
sole manager

	
	 /s/ Jay Corrigan

	By:	 	Jay Corrigan
	Title:	 	Manager
	
	 /s/ A. Vasseur

	By:	 	A. Vasseur
	Title:	 	Manager
	
	Barcel Corporation
	
	 /s/ Rodolfo E. Pita

	By:	 	Rodolfo E. Pita
	Title:	 	Director/Secretary


  
 23 








 SCHEDULE 1 

PART A: SCHEDULE OF INVESTORS 
  

									
	 Investor
	  	 Registered Address
	  	 Number of Investor

Securities
	  	Subscription Price
(EUR)	 
	 Bain Capital Europe Fund III, L.P.
	  	 c/o Walkers SPV Limited,
 Walker
House
 Mary Street
 George Town

Grand Cayman KY1-9002
 Cayman Islands
	  	42,417,596 Class A1 Shares	  	 	424,175.96	  
		  	  	  
 42,417,596 Class A2 Shares
	  	  
  
	  
 424,175.96
	  
   

		  	  	  
 5,413,623,316 CPECs
	  	  
  
	  
 54,136,233.16
	  
   

		  	  	  
 10,532,619,166 PECs
	  	  
  
	  
 105,326,161.66
	  
   

		  	  	  
 89,334 AL-PECs
	  	  
  
	  
 893.34
	  
   

	  
 Bain Capital Fund X,
L.P.
	  	  
 c/o Walkers SPV Limited,

Walker House
 Mary Street

George Town
 Grand Cayman KY1-9002 Cayman Islands
	  	  
 42,295,227 Class A1 Shares
	  	  
  
	  
 422,952.27
	  
   

		  	  	  
 42,295,227 Class A2 Shares
	  	  
  
	  
 422,952.27
	  
   

		  	  	  
 5,398,792,410 CPECs
	  	  
  
	  
 53,987,924.10
	  
   

		  	  	  
 10,503,764,504 PECs
	  	  
  
	  
 105,037,645.04
	  
   

		  	  	  
 89,090 AL-PECs
	  	  
  
	  
 890.90
	  
   

	  
 Barcel Corporation
	  		  	  
 2,078,830 Class A1 Shares
	  	  
  
	  
 20,788.30
	  
   

		  		  	  
 2,078,830 Class A2 Shares
	  	  
  
	  
 20,788.30
	  
   

		  		  	  
 251,950,048 CPECs
	  	  
  
	  
 2,519500.48
	  
   

		  		  	  
 490,188,134 PECs
	  	  
  
	  
 4,901,881.34
	  
   

		  		  	  
 4,158 AL-PECs
	  	  
  
	  
 41.58
	  
   



  
 24 








 PART B: COMPANY DETAILS 

Name of company: BC Luxco Topco S.C.A 
 Date of incorporation:
27 November 2012 
 Place of incorporation: Grand Duchy of Luxembourg 

Registered office: 9A, rue Gabriel Lippmann, L-5365 Munsbach, Grand Duchy of Luxembourg 

Directors: Jay Corrigan, Melissa Bethel, Aurelien Vasseur and Ailbhe Jennings 

Issued Securities: 
  

											
	 Name of Securityholder
	  	 Type of Security
	  	Number of Securities	 	  	Subscription Price
(EUR)	 
				
	 Bain Capital Europe Fund III, L.P.
	  	Class A1 Shares	  	 	2,250,000	  	  	 	45,000.00	  
		  	  
 Class A2 Shares
	  	  
  
	  
 2,250,000
	  
   
	  			
	  
 Bain Capital Fund X,
L.P.
	  	  
 Class A1 Shares
	  	  
  
	  
 2,250,000
	  
   
	  	 	45,000.00	  
		  	  
 Class A2 Shares
	  	  
  
	  
 2,250,000
	  
   
	  			
	  
 BC Luxco S.à
r.l.
	  	  
 Management Shares
	  	 	100	  	  	 	1.00	  


  
 25 








 SCHEDULE 2 

DEED OF ADHERENCE 
 THIS DEED is made the
     day of [        ] 20[    ] by [                    ] of
[                    ] 
 WHEREAS: 

 

	(A)	On [the date of issue or transfer of Securities] [    ] of [                ] (the “New
Securityholder”) [acquired/was issued] from [                    ] (the “Transferor” / “Company”):
(i) [    ] Class A Shares of EUR 0.01 each (collectively, the “Securities”) in the capital of BC Luxco Topco S.C.A. a société en commandite par actions organized and existing under
the laws of the Grand Duchy of Luxembourg having its registered office at 9A, rue Gabriel Lippmann, L-5365 Munsbach, Grand Duchy of Luxembourg and registered with the Luxembourg Trade and Companies’ Register (the “Company”) at
an aggregate purchase/subscription price of EUR [        ]. 

  

	(B)	This agreement is entered into in compliance with the terms of Section 4(d) of a subscription and securityholders agreement dated              2012
made between the Company, the Lux Sarl and the Investors (each as defined therein) (which agreement is herein referred to as the “Agreement”). 


NOW THEREFORE IT IS HEREBY AGREED as follows: 
  

	1.	The New Securityholder hereby agrees to be bound by the Agreement in all respects as if the New Securityholder were an original party to the Agreement and to perform: 


 

	 	(a)	All the obligations of [a Poma Investor // Co-Investor // Bain Investor] in that capacity thereunder; and 

  

	 	(b)	All the obligations expressed to be imposed on such a party to the Agreement; 

 in both cases,
to be performed on or after the date hereof. 
  

	2.	The transfer of the Securities to the New Securityholder was made pursuant to Article [            ] of the Articles. The New Securityholder hereby undertakes
and covenants to forthwith re-transfer the Securities back to the Transferor if the grounds upon which such transfer was permitted cease to exist. 

  

	3.	This Agreement is made for the benefit of: 

  

	 	(a)	the original and current parties to the Agreement; and 

  

	 	(b)	any other person or persons who may after the date of the Agreement (and whether or not prior to or after the date hereof) assume any rights or obligations under the Agreement and be permitted to do so by the terms
thereof: 

 and this Deed shall be irrevocable without the consent of the Company for so long as the New Securityholder
directly or indirectly holds any Securities in the capital of the Company. 

  
 26 









	4.	Words and expressions defined in the Agreement shall bear the same meanings herein (unless the context otherwise requires). 

  

	5.	This Agreement shall be governed by and shall be construed in accordance with the laws of England. Any disputes arising hereunder shall be referred to arbitration in accordance with the provisions of Section 25 of
the Agreement. 

 IN WITNESS WHEREOF this Deed of Adherence is executed as a deed on the date and year first above written. 

 

	
	[                    ]
	
	  

	
	in the presence of:
	
	  

	
	Witness
	
	  

	
	Name


  
 27 








 SCHEDULE 3 

FORM OF POWER OF ATTORNEY 
 THIS POWER
OF ATTORNEY is made on [    ] [        ] 2012 by [Co-Investor] (the Principal). 

WHEREAS 
 The Principal has entered into a Subscription
and Securityholder’s Agreement dated [    ] December 2012 (the Agreement) which provides, inter alia, for the execution by each Co-Investor of a power of attorney to BC Luxco Topco S.C.A. (the
Company) in the form of this Power of Attorney. Capitalised terms in this Power of Attorney shall have the same meaning as in the Agreement. 

NOW THIS POWER OF ATTORNEY WITNESSES as follows: 
 1. The
Principal hereby irrevocably and unconditionally (and by way of security for the performance of its obligations under the Agreement) appoints Lux Sarl as its attorney to execute, acknowledge, verify, swear to, deliver, record and file, in
his/her/its name or otherwise and on its behalf all instruments, documents and certificates and carry out any action which may be (i) necessary to effect any mandatory transfers or exchanges of the Principal’s Securities, if such mandatory
transfers or exchanges are required pursuant to Section 6, Section 8 or Section of the Agreement or the Articles (“Relevant Provisions”) or (ii) determined by Lux Sarl to be necessary or appropriate in connection with
the Relevant Provisions, save that, such power of Lux Sarl shall not be exercised without the prior written consent of the Principal, if the exercise of such powers (x) adversely affects the rights of the Principal under the Agreement and/or
the Articles, or (y) extends or increases any financial obligation or liability to which the Principal may be subject, in his/her capacity as a holder of such Securities. 

2. The appointment contained in clause 1 hereof shall in all circumstances remain in force and be irrevocable until such time as the Principal ceases to hold
Securities, but shall be of no further effect after that date. 
 3. The Attorney may from time to time on such terms as it thinks fit delegate to an agent
the exercise of any power conferred by this Power of Attorney (other than the power conferred by this clause 3) and may act concurrently with such agent. 

4. This Power of Attorney shall be governed by and construed in accordance with the laws of England. 

IN WITNESS whereof the Principal has executed this Power of Attorney as a Deed the day and year first before written. 

  
 28 









			
	 EXECUTED by [PRINCIPAL]
  

EXECUTED as a DEED by        )

[Name of principal]        )

acting by            )

[Name of Authorised Signatory] [and        )

[Name of Authorised Signatory] )]
 being [a] person[s] who, in
accordance      )
 with the laws of the territory in which
the            )
 company is incorporated [is //
are]             )
 acting under the authority of [name of principal] )
	  	
                                         
                                 
		  	Authorised Signatory
		
		  	[                                      
                                  ]
		  	[Authorised Signatory]