# EDGAR Filing Document

**Accession Number:** 0001065696
**File Stem:** 0001065696-23-000013
**Filing Date:** 2023-2
**Character Count:** 615520
**Document Hash:** fcc0a443f54a8a32f0b18ef1c9086991
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001065696-23-000013.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001065696-23-000013

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20230226

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LKQ CORP
- **CENTRAL INDEX KEY:** 0001065696
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-MOTOR VEHICLES & MOTOR VEHICLE PARTS & SUPPLIES [5010]
- **IRS NUMBER:** 364215970
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-50404
- **FILM NUMBER:** 23678820

**BUSINESS ADDRESS:**
- **STREET 1:** 500 WEST MADISON STREET
- **STREET 2:** SUITE 2800
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60661
- **BUSINESS PHONE:** 312-621-1950

**MAIL ADDRESS:**
- **STREET 1:** 500 WEST MADISON STREET
- **STREET 2:** SUITE 2800
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60661

?xml version="1.0" ? lkq-20230226

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

________________________

**FORM 8-K** 

________________________

**Current Report**

**Pursuant to Section 13 or 15(d) of**

**The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): February 26, 2023** 

________________________

**LKQ CORPORATION** 

**(Exact name of registrant as specified in its charter)**

_______________________

---

| | | |
|:---|:---|:---|
| **Delaware** | **000-50404** | **36-4215970** |
| **(State or other jurisdiction of<br>incorporation or organization)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |
| **500 West Madison Street, Suite 2800** | | |
| **Chicago, Illinois** |  | **60661** |
| **(Address of principal executive offices)** |  | **(Zip Code)** |

---

**Registrant's telephone number, including area code: (312) 621-1950** 

**N/A**

**(Former name or former address, if changed since last report)**

________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **<u>Title of each class</u>** | **<u>Trading Symbol(s)</u>** | **<u>Name of each exchange on which registered</u>** |
| **Common Stock, par value $.01 per share** | **LKQ** | **The Nasdaq Global Select Market** |

---

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp; ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

------

---

| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Definitive Agreement.** |

---

*Arrangement Agreement*

On February 26, 2023, LKQ Corporation, a Delaware corporation ("<u>LKQ</u>"), Uni-Select Inc., a corporation existing under the Business Corporations Act (Québec) ("<u>Uni-Select</u>"), and 9485-4692 Québec Inc., a corporation existing under the Business Corporations Act (Québec) and a wholly owned subsidiary of LKQ (the "<u>Purchaser</u>"), entered into an Arrangement Agreement (the "<u>Arrangement Agreement</u>"), pursuant to which, among other things, the Purchaser has agreed to acquire all of the issued and outstanding common shares of Uni-Select (the "<u>Arrangement</u>"). The Arrangement will be implemented by way of a plan of arrangement (the "<u>Plan of Arrangement</u>") under the Business Corporations Act (Québec).

On the terms and subject to the conditions of the Arrangement Agreement and the Plan of Arrangement, at the effective time of the Arrangement (the "<u>Effective Time</u>"), each common share of Uni-Select that is issued and outstanding immediately prior to the Effective Time will be transferred to the Purchaser in consideration for CAD $48.00, without interest, in cash (the "<u>Consideration</u>").

Each of LKQ, the Purchaser and Uni-Select has made customary representations, warranties and covenants in the Arrangement Agreement, including, as to Uni-Select, covenants regarding the conduct of its business prior to the closing of the Arrangement. These include, among other things and subject to customary exceptions, certain restrictions on Uni-Select's ability to solicit alternative acquisition proposals from third parties, to provide information to third parties and to engage in discussions with third parties regarding alternative proposals.

At the Effective Time, on the terms and subject to the conditions of the Arrangement Agreement and the Plan of Arrangement, each then-outstanding stock option, restricted share unit, deferred share unit and performance share unit, will be vested and cashed out based on the Consideration, less any applicable withholdings, in accordance with the terms of the Plan of Arrangement.

The closing of the Arrangement is conditioned on (i) the adoption of a resolution approving the Arrangement (the "<u>Arrangement Resolution</u>") by: (A) at least two-thirds of the votes cast on the Arrangement Resolution by shareholders of Uni-Select present in person or represented by proxy at the Meeting (as defined below); and (B) a majority of the votes cast on the Arrangement Resolution by shareholders of Uni-Select present in person or represented by proxy at the Meeting, excluding for this purpose votes attached to common shares required to be excluded under Multilateral Instrument 61-101 – *Protection of Minority Security Holders in Special Transactions* of the Canadian Securities Administrators; (ii) receipt of applicable regulatory approvals, including approvals under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "<u>HSR Act</u>"), approval under the Competition Act (Canada), approval under the Investment Canada Act and clearance by the U.K. Competition and Markets Authority; (iii) the issuance of interim and final orders approving the Arrangement by the Superior Court of Québec; (iv) the absence of any law, injunction or other governmental order that prohibits the consummation of the Arrangement; (v) other customary closing conditions, including the accuracy of the other party's representations and warranties and each party's compliance with its covenants contained in the Arrangement Agreement, in each case subject to certain materiality qualifications; (vi) a Material Adverse Effect (as defined in the Arrangement Agreement) not having occurred in respect of Uni-Select and (vii) dissent rights in respect of more than 10% of the issued and outstanding common shares of Uni-Select not having been validly exercised.

After consultation with its outside financial and legal advisors and after receipt of the unanimous recommendation of a special committee of its Board of Directors, Uni-Select's Board of Directors has unanimously recommended that shareholders of Uni-Select vote in favor of the Arrangement.

The Arrangement Agreement contains certain termination rights for both LKQ and Uni-Select, including, among others, where (i) the Arrangement has not been consummated on or before November 27, 2023, which may be extended to February 26, 2024 to obtain the required regulatory approvals; (ii) a law or order having been enacted or issued prohibiting consummation of the Arrangement and such law or order having become final and non-appealable; or (iii) the Arrangement Resolution having not been approved at the meeting of shareholders of Uni-Select held for such purpose (the "<u>Meeting</u>"). In the cases of clauses (i) and (ii) of the foregoing, if LKQ or Uni-Select terminate the Arrangement Agreement, LKQ will be required to pay a fee of $75 million to Uni-Select. Further, (x) LKQ has a separate termination right if, among other things, Uni-Select's Board of Directors changes or withdraws its recommendation in favor of the Arrangement at any time prior to the Arrangement Resolution being approved by the Uni-Select shareholders as described above and (y) Uni-Select also has a separate termination right it may exercise in order to enter into a definitive agreement with respect to a superior proposal in accordance with the terms of the Arrangement Agreement at any time prior to the Arrangement Resolution being approved. In the case of clause (x) of the

------

foregoing, if LKQ terminates the Arrangement Agreement, and in the case of clause (y) of the foregoing, if Uni-Select terminates the Arrangement Agreement, Uni-Select will be required to pay a fee of $75 million to LKQ. Additionally, LKQ and Uni-Select have termination rights in certain circumstances for uncured breaches of the Arrangement Agreement.

The foregoing summary of the Arrangement Agreement and the transactions contemplated thereby does not purport to be a complete description of all the parties' rights and obligations under the Arrangement Agreement and is qualified in its entirety by reference to the full text of the Arrangement Agreement, which is filed hereto as Exhibit 2.1 and incorporated herein by reference.

The Arrangement Agreement has been included as Exhibit 2.1 hereto to provide investors and stockholders with information regarding the terms of the Arrangement. It is not intended to provide any other factual information about LKQ or Uni-Select. The representations, warranties, covenants and agreements contained in the Arrangement Agreement, which were made only for purposes of that agreement and as of specific dates, may be subject to limitations agreed upon by the contracting parties (including being qualified by confidential disclosures made for the purposes of allocating contractual risk between the parties to the Arrangement Agreement instead of establishing these matters as facts) and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors and stockholders. Moreover, information concerning the subject matter of the representations and warranties may change after the date of the Arrangement Agreement, which subsequent information may or may not be fully reflected in LKQ's or Uni-Select's public disclosures. The Arrangement Agreement should not be read alone, but should instead be read in conjunction with the other information regarding LKQ that is or will be contained in, or incorporated by reference into, the Forms 10-K, Forms 10-Q and Forms 8-K and other documents that LKQ files or has filed with the Securities and Exchange Commission.

*Voting and Support Agreements*

In connection with the Arrangement Agreement, (i) each of the Uni-Select directors and executive officers who own more than 1,000 common shares of Uni-Select (collectively, the "<u>Uni-Select D&Os</u>"), (ii) Birch Hill Equity Partners V, LP, Birch Hill Equity Partners (US) V, LP and Birch Hill Equity Partners (Entrepreneurs) V, LP (collectively, the "<u>Birch Hill Entities</u>") and (iii) EdgePoint Investment Group Inc. and EdgePoint Wealth Management Inc. (collectively, the "<u>EdgePoint Entities</u>" and, together with the Uni-Select D&Os and the Birch Hill Entities, the "<u>Uni-Select Holders</u>"), collectively representing approximately 20% of Uni-Select's issued and outstanding common shares, entered into separate voting and support agreements with LKQ (each, a "<u>Voting Agreement</u>") whereby, among other things, each Uni-Select Holder has agreed, subject to the terms and conditions of such Uni-Select Holder's Voting Agreement, (x) to vote or cause to be voted all Uni-Select common shares held by it in favor of the Arrangement and against any other matter that could reasonably be expected to adversely affect the likelihood of completion of the Arrangement and not to sell, transfer, pledge or assign any such common shares, subject to certain customary exceptions, and (y) in the case of the Birch Hill Entities and the EdgePoint Entities, to consent to the deemed conversion, at the Effective Time, of the 6.0% Convertible Senior Subordinated Unsecured Debentures due 2026 (the "<u>Convertible Debentures</u>") held by it into the corresponding number of Uni-Select common shares provided for under the indenture governing the Convertible Debentures.

The Voting Agreements are subject to termination in customary circumstances, including upon the termination of the Arrangement Agreement in accordance with its terms.

The foregoing description of the Voting Agreements is qualified in its entirety by reference to the provided text of each Voting Agreement, which are filed hereto as Exhibits 10.1, 10.2 and 10.3 and incorporated herein by reference.

*Commitment Letter*

In connection with the entry into the Arrangement Agreement, LKQ entered into a commitment letter, dated as of February 26, 2023 (the "<u>Commitment Letter</u>") with Bank of America, N.A. ("<u>BoA</u>") and Wells Fargo Bank, National Association ("<u>WF</u>"), pursuant to which BoA, and WF have committed to provide a 364-day bridge loan facility in the aggregate principal amount of $2.1 billion, subject to certain mandatory commitment reductions customary for a bridge loan facility. BoA's and WF's obligations under the Commitment Letter are subject to customary conditions.

The foregoing description of the Commitment Letter is qualified in its entirety by reference to the full text of the Commitment Letter, which is filed hereto as Exhibit 10.4 and incorporated herein by reference.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

---

(d) Exhibits

------

**Forward-Looking Statements**

Statements and information included in this Current Report on Form 8-K that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made pursuant to the "safe harbor" provisions of such Act. Forward-looking statements include, but are not limited to, statements regarding LKQ's expectations, intentions, beliefs and strategies regarding the future, including statements regarding trends, cyclicality and changes in the markets we sell into; strategic direction; changes to procurement processes; the cost of compliance with environmental and other laws; expected tax rates; planned capital expenditures; liquidity positions; ability to generate cash from continuing operations; the potential impact of adopting new accounting pronouncements; expected financial results, including revenue and profitability; obligations under LKQ's retirement plans; savings or additional costs from business integrations and cost containment programs; and the adequacy of accruals. These forward looking statements generally include expectations, beliefs, hopes, intentions or strategies regarding LKQ's future, including with respect to the proposed transaction described and statements or assumptions regarding the expected timetable for completing the transaction, financial and operating results, benefits and synergies of the transaction, and other statements that are based on management's current beliefs and expectations of the company and the combined businesses. These statements are subject to a number of risks, uncertainties, assumptions and other factors including those identified below. All forward-looking statements are based on information available to LKQ at the time the statements are made, and LKQ assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. You should not place undue reliance on such forward-looking statements. Actual events or results may differ materially from those expressed or implied in the forward-looking statements. The potential risks, uncertainties, assumptions and other factors that could cause actual events or results to differ from the events or results predicted or implied by the forward-looking statements include, among others, risks relating to the receipt of regulatory and shareholder approvals for the transaction and the successful fulfillment or waiver of all other closing conditions without unexpected delays or conditions; the failure to realize, or delays in realizing, growth projections, synergies, cost-savings and other benefits from the transaction; the failure to obtain the financing contemplated to be obtained in connection with the proposed transaction on the expected terms or timing; negative effects of the announcement or completion of the transaction on the businesses, financial performance or trading prices of the parties; competitive responses to the transaction; changes in our cash position or cash requirements for other purposes; fluctuations in the price of our common stock; general market conditions; stockholder response to the previously announced repurchase program; and other factors discussed in our filings with the SEC, including those disclosed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2022 and any of our subsequent Quarterly Reports on Form 10-Q. These reports are available on our investor relations website at lkqcorp.com and on the SEC website at sec.gov.

**Further Information**

This Current Report on Form 8-K is not intended to and does not constitute or form part of any offer to sell or subscribe for or any invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the proposed transaction described herein or otherwise.

---

| | |
|:---|:---|
| **Exhibit<br>Number** | **Description of Exhibit** |
| <u>[2.1](exhibit21.htm)</u>\* | Arrangement Agreement, dated as of February 26, 2023, by and among LKQ Corporation, Uni-Select Inc. and 9485-4692 Québec Inc. |
| <u>[10.1](exhibit101.htm)</u> | Form of Voting and Support Agreement. |
| <u>[10.2](exhibit102.htm)</u>\* | Voting and Support Agreement, dated as of February 26, 2023, by and among EdgePoint Investment Group Inc. and EdgePoint Wealth Management Inc. and 9485-4692 Québec Inc. and LKQ Corporation. (excluding Schedule A) |
| <u>[10.3](exhibit103.htm)</u>\* | Voting and Support Agreement, dated as of February 26, 2023, by and among Birch Hill Equity Partners V, LP, Birch Hill Equity Partners (US) V, LP and Birch Hill Equity Partners (Entrepreneurs) V, LP and 9485-4692 Québec Inc. and LKQ Corporation. (excluding Schedule A) |
| <u>[10.4](exhibit104.htm)</u> | Commitment Letter, dated as of February 26, 2023, by an among LKQ Corporation, Bank of America, N.A., BofA Securities, Inc., Wells Fargo Bank, National Association and Wells Fargo Securities, LLC. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

\* Certain of the schedules to this exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). LKQ agrees &nbsp;&nbsp;&nbsp;&nbsp;to furnish supplementally a copy of all omitted exhibits and schedules to the SEC upon its request.

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 28, 2023

---

| | |
|:---|:---|
| **LKQ CORPORATION** | **LKQ CORPORATION** |
| By: | /s/ Rick Galloway |
|  | **Rick Galloway** |
|  | **Senior Vice President and Chief Financial Officer** |

---

## Exhibit 2.1

**Exhibit 2.1**

STRICTLY CONFIDENTIAL

**LKQ CORPORATION**

**and**

**9485-4692 QUÉBEC INC.<br>and<br>UNI-SELECT INC.<br>**

<br> **ARRANGEMENT AGREEMENT<br>February 26, 2023**<br>

------

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| **Article 1<br>INTERPRETATION** | **Article 1<br>INTERPRETATION** |
| Section 1.1&nbsp;&nbsp;&nbsp;&nbsp;Defined Terms | [2](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 1.2&nbsp;&nbsp;&nbsp;&nbsp;Certain Rules of Interpretation | [18](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| **Article 2<br>THE ARRANGEMENT** | **Article 2<br>THE ARRANGEMENT** |
| Section 2.1&nbsp;&nbsp;&nbsp;&nbsp;Arrangement | [20](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 2.2&nbsp;&nbsp;&nbsp;&nbsp;Interim Order | [20](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 2.3&nbsp;&nbsp;&nbsp;&nbsp;The Company Meeting | [21](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 2.4&nbsp;&nbsp;&nbsp;&nbsp;The Company Circular | [22](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 2.5&nbsp;&nbsp;&nbsp;&nbsp;Final Order | [24](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 2.6&nbsp;&nbsp;&nbsp;&nbsp;Court Proceedings | [24](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 2.7&nbsp;&nbsp;&nbsp;&nbsp;Incentive Compensation Plans | [25](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 2.8&nbsp;&nbsp;&nbsp;&nbsp;Articles of Arrangement and Effective Date | [25](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 2.9&nbsp;&nbsp;&nbsp;&nbsp;Payment of Consideration | [26](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 2.10&nbsp;&nbsp;&nbsp;&nbsp;Withholding Taxes | [26](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 2.11&nbsp;&nbsp;&nbsp;&nbsp;Parent Guarantee | [26](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 2.12&nbsp;&nbsp;&nbsp;&nbsp;Taxation of Options | [27](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| **Article 3<br>REPRESENTATIONS AND WARRANTIES** | **Article 3<br>REPRESENTATIONS AND WARRANTIES** |
| Section 3.1&nbsp;&nbsp;&nbsp;&nbsp;Representations and Warranties of the Company | [27](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 3.2&nbsp;&nbsp;&nbsp;&nbsp;Representations and Warranties of the Parent and the Purchaser | [27](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| **Article 4<br>COVENANTS** | **Article 4<br>COVENANTS** |
| Section 4.1&nbsp;&nbsp;&nbsp;&nbsp;Conduct of Business of the Company | [28](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.2&nbsp;&nbsp;&nbsp;&nbsp;Covenants of the Company Relating to the Arrangement | [33](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.3&nbsp;&nbsp;&nbsp;&nbsp;Covenants of the Purchaser and the Parent Relating to the Arrangement | [35](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.4&nbsp;&nbsp;&nbsp;&nbsp;Regulatory Approvals | [36](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.5&nbsp;&nbsp;&nbsp;&nbsp;Access to Information; Confidentiality | [41](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.6&nbsp;&nbsp;&nbsp;&nbsp;Pre-Acquisition Reorganization | [42](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.7&nbsp;&nbsp;&nbsp;&nbsp;Public Communications | [44](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.8&nbsp;&nbsp;&nbsp;&nbsp;Notice and Cure Provisions | [45](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.9&nbsp;&nbsp;&nbsp;&nbsp;Insurance and Indemnification | [45](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.10&nbsp;&nbsp;&nbsp;&nbsp;Tax Election | [46](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.11&nbsp;&nbsp;&nbsp;&nbsp;TSX De-Listing | [46](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.12&nbsp;&nbsp;&nbsp;&nbsp;Employment Matters. | [46](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.13&nbsp;&nbsp;&nbsp;&nbsp;Financing | [47](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.14&nbsp;&nbsp;&nbsp;&nbsp;Financing Cooperation | [49](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 4.15&nbsp;&nbsp;&nbsp;&nbsp;Treatment of Company Indebtedness | [52](#id7b21c62619e4fefa22c05f713c10eb2_7) |

---

(i) ------

---

| | |
|:---|:---|
| **Article 5<br>ADDITIONAL COVENANTS REGARDING NON-SOLICITATION** | **Article 5<br>ADDITIONAL COVENANTS REGARDING NON-SOLICITATION** |
| Section 5.1&nbsp;&nbsp;&nbsp;&nbsp;Non-Solicitation | [54](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 5.2&nbsp;&nbsp;&nbsp;&nbsp;Notification of Acquisition Proposals | [56](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 5.3&nbsp;&nbsp;&nbsp;&nbsp;Responding to an Acquisition Proposal | [56](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 5.4&nbsp;&nbsp;&nbsp;&nbsp;Right to Match | [57](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 5.5&nbsp;&nbsp;&nbsp;&nbsp;Breach by Subsidiaries and Representatives | [59](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| **Article 6<br>CONDITIONS** | **Article 6<br>CONDITIONS** |
| Section 6.1&nbsp;&nbsp;&nbsp;&nbsp;Mutual Conditions Precedent | [60](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 6.2&nbsp;&nbsp;&nbsp;&nbsp;Additional Conditions Precedent to the Obligations of the Purchaser | [60](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 6.3&nbsp;&nbsp;&nbsp;&nbsp;Additional Conditions Precedent to the Obligations of the Company | [61](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 6.4&nbsp;&nbsp;&nbsp;&nbsp;Satisfaction of Conditions | [62](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| **Article 7<br>TERM AND TERMINATION** | **Article 7<br>TERM AND TERMINATION** |
| Section 7.1&nbsp;&nbsp;&nbsp;&nbsp;Term | [62](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 7.2&nbsp;&nbsp;&nbsp;&nbsp;Termination | [63](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 7.3&nbsp;&nbsp;&nbsp;&nbsp;Effect of Termination/Survival | [65](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| **Article 8<br>GENERAL PROVISIONS** | **Article 8<br>GENERAL PROVISIONS** |
| Section 8.1&nbsp;&nbsp;&nbsp;&nbsp;Amendments | [65](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.2&nbsp;&nbsp;&nbsp;&nbsp;Termination Fee and Reverse Termination Fee | [66](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.3&nbsp;&nbsp;&nbsp;&nbsp;Expenses | [68](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.4&nbsp;&nbsp;&nbsp;&nbsp;Notices | [68](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.5&nbsp;&nbsp;&nbsp;&nbsp;Time of the Essence | [70](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.6&nbsp;&nbsp;&nbsp;&nbsp;Remedies; Injunctive Relief | [70](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.7&nbsp;&nbsp;&nbsp;&nbsp;Third Party Beneficiaries | [70](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.8&nbsp;&nbsp;&nbsp;&nbsp;Waiver | [71](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.9&nbsp;&nbsp;&nbsp;&nbsp;Entire Agreement | [71](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.10&nbsp;&nbsp;&nbsp;&nbsp;Successors and Assigns | [71](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.11&nbsp;&nbsp;&nbsp;&nbsp;Severability | [72](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.12&nbsp;&nbsp;&nbsp;&nbsp;Governing Law | [72](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.13&nbsp;&nbsp;&nbsp;&nbsp;Rules of Construction | [72](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.14&nbsp;&nbsp;&nbsp;&nbsp;No Liability | [72](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.15&nbsp;&nbsp;&nbsp;&nbsp;Language | [72](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.16&nbsp;&nbsp;&nbsp;&nbsp;Counterparts | [72](#id7b21c62619e4fefa22c05f713c10eb2_7) |
| Section 8.17&nbsp;&nbsp;&nbsp;&nbsp;Certain Financing Provisions | [73](#id7b21c62619e4fefa22c05f713c10eb2_7) |

---

(ii) ------

**SCHEDULES**

Schedule A – Plan of Arrangement<br>Schedule B – Arrangement Resolution<br>Schedule C – Representations and Warranties of the Company<br>Schedule D – Representations and Warranties of the Parent and the Purchaser

**ARRANGEMENT AGREEMENT**

**THIS AGREEMENT** is made as of February 26, 2023,

**AMONG:**

**LKQ CORPORATION,** a Delaware corporation (the "**Parent**")

- and -

**9485-4692 QUÉBEC INC.,** a corporation existing under the laws of the Province of Québec (the "**Purchaser**") and a wholly owned Subsidiary of the Parent

- and -

**UNI-SELECT INC.,** a corporation existing under the laws of the Province of Québec (the "**Company**").

**WHEREAS** the Purchaser wishes to acquire all of the issued and outstanding Company Shares for the Consideration, pursuant to the terms and subject to the conditions set forth herein;

**AND WHEREAS** the Special Committee has received the Fairness Opinions and has, after receiving legal and financial advice, unanimously recommended that the Board approve the Arrangement and the Arrangement Agreement and recommend that the Company Shareholders vote in favour of the Arrangement;

**AND WHEREAS** the Board has received the Fairness Opinions and has, after receiving legal and financial advice and the recommendation of the Special Committee, unanimously determined that the Arrangement is in the best interests of the Company and is fair to the Company Shareholders and unanimously recommends that the Company Shareholders vote in favour of the Arrangement;

**AND WHEREAS** the Parties intend to carry out the transactions contemplated herein by way of a plan of arrangement under Chapter XVI – Division II of the *Business Corporations Act* (Québec);

**AND WHEREAS** the Purchaser and the Parent have entered into Voting and Support Agreements with all of the directors and executive officers of the Company and certain Company Shareholders pursuant to which, among other things, such Persons have agreed to vote all of the Company Shares held by them in favour of the Arrangement, on the terms and subject to the conditions set forth therein;

**NOW THEREFORE,** in consideration of the covenants and agreements herein contained and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the Parties agree as follows:

(iii) ------

**Article 1Article 1<br>INTERPRETATION**

**Section 1.1Defined Terms**

As used in this Agreement, the following terms have the following meanings:

"**Acquisition Proposal**" means, other than the transactions contemplated by this Agreement and any transaction solely between the Company, on the one hand, and one or more of its wholly-owned Subsidiaries, on the other hand, or solely between or among the Company's wholly-owned Subsidiaries, any inquiry, proposal, offer or indication of interest (whether written or oral) from any Person or group of Persons "acting jointly or in concert" (within the meaning of National Instrument 62-104 – Take-Over Bids and Issuer Bids) other than the Parent, the Purchaser or any of their Subsidiaries relating to, in a single transaction or a series of related transactions: (a) any direct or indirect sale, disposition, joint venture, transfer or license (or any lease, long-term supply agreement or other arrangement having the same economic effect as a sale) of assets (including shares of Subsidiaries of the Company) representing 20% or more of the consolidated assets or contributing 20% or more of the consolidated revenue or earnings of the Company and its Subsidiaries (in each case based on the consolidated financial statements of the Company most recently filed on SEDAR prior to such inquiry, proposal, offer or indication of interest); (b) any direct or indirect take-over bid, tender offer (including a self-tender offer), exchange offer, issuance, acquisition, exchange, transfer or other transaction that, if consummated, would result in a Person or group of Persons acquiring beneficial ownership of 20% or more of any class of voting or equity securities of the Company or any of its Subsidiaries (or securities convertible into or exchangeable for such voting or equity securities) then outstanding (assuming, if applicable, the conversion, exchange or exercise of such securities convertible into or exchangeable or exercisable for such voting or equity securities); or (c) any plan of arrangement, merger, amalgamation, consolidation, share exchange, business combination, reorganization, recapitalization, liquidation, dissolution, winding up or other similar transaction involving the Company or any of its Subsidiaries pursuant to which any Person or group of Persons would acquire beneficial ownership of 20% or more of any class of voting or equity securities of the Company or any of the Company's Subsidiaries or of the surviving entity or the resulting direct or indirect parent of the Company, any of its Subsidiaries or the surviving entity (or securities convertible into or exchangeable for such voting or equity securities) (assuming, if applicable, the conversion, exchange or exercise of such securities convertible into or exchangeable or exercisable for such voting or equity securities).

"**Action**" means any litigation, legal action, lawsuit, claim, grievance, complaint, assessment, reassessment or other legal proceeding (whether civil, administrative, quasi-criminal or criminal) by or before any Governmental Entity.

"**affiliate**" has the meaning specified in National Instrument 45-106 – Prospectus Exemptions.

"**Agreement**" means this arrangement agreement (including the Schedules attached hereto), as amended, restated, supplemented or otherwise modified from time to time in accordance with its terms.

"**Antitrust Laws**" means the Competition Act, the Sherman Antitrust Act of 1890, as amended, the Clayton Antitrust Act of 1914, as amended, the HSR Act, the Federal Trade Commission Act of 1914, as amended, the ICA, the Enterprise Act 2002 and all other federal, state, foreign or supranational statutes, rules, regulations, orders, decrees, administrative and judicial doctrines and other Laws (including any antitrust, competition, trade or foreign investment Laws and regulations) that are designed or intended to (a) prohibit, restrict or regulate actions having the

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purpose or effect of monopolization or restraint of trade or lessening competition through merger or acquisition or (b) regulate foreign investment.

"**Anti-Corruption Laws**" has the meaning ascribed thereto in <u>Paragraph (19)(b)</u> of <u>Schedule C</u>.

"**ARC**" means an advance ruling certificate issued by the Commissioner of Competition pursuant to section 102(1) of the Competition Act.

"**Arrangement**" means an arrangement under Chapter XVI – Division II of the QBCA on the terms and subject to the conditions set out in the Plan of Arrangement, subject to any amendments or variations to the Plan of Arrangement made in accordance with the terms of this Agreement or made at the direction of the Court in the Final Order with the prior written consent of the Company and the Purchaser, each acting reasonably.

"**Arrangement Resolution**" means the special resolution approving the Plan of Arrangement to be considered at the Company Meeting, substantially in the form set out in <u>Schedule B</u>.

"**Articles of Arrangement**" means the articles of arrangement of the Company in respect of the Arrangement, required by the QBCA to be sent to the Enterprise Registrar after the Final Order is made, which shall include the Plan of Arrangement and otherwise be in a form and content satisfactory to the Company and the Purchaser, each acting reasonably.

"**associate**" has the meaning specified in the Securities Act (Québec).

"**Authorization**" means, with respect to any Person, any order, permit, certification, accreditation, approval, registration, consent, waiver, license or similar authorization of any Governmental Entity having jurisdiction over the Person, that is binding upon or applicable to such Person, or its business, assets or securities.

"**Board**" means the board of directors of the Company as constituted from time to time.

"**Board Recommendation**" has the meaning ascribed thereto in <u>Section 2.4(2)</u>.

"**Breaching Party**" has the meaning ascribed thereto in <u>Section 4.8(3)</u>.

"**Business Day**" means any day of the year, other than a Saturday, Sunday, a public holiday or a day when major banks in Montreal, Québec or New York, New York are not generally open for business.

"**Buyer Upfront Condition**" means a condition requiring the Parties to obtain CMA Approval for the purchaser of any business required to be divested by undertakings given in lieu of a section 33 reference (and related sale agreement, deed or other instrument setting out the terms of the divestiture) before the CMA finally accepts such undertakings under section 73(2) of the Enterprise Act 2002.

"**CAG Group**" means Company's Canadian Automotive Group segment, including for the avoidance of doubt the business and assets of Uni-Select Canada Inc. and its direct and indirect subsidiaries (excluding Uni-Select Lux Holdco 2018 Inc.) and FinishMaster Canada Inc.

"**Canadian Competition Submission**" has the meaning ascribed thereto in <u>Section 4.4(1)(a)</u>.

"**CARES Act**" means the United States Coronavirus Aid, Relief, and Economic Security Act (Public Law 116-136) and all rules, regulations and guidance issued by any Governmental Entity with respect thereto, in each case as in effect from time to time.

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"**Certificate of Arrangement**" means the certificate of arrangement to be issued by the Enterprise Registrar in accordance with the QBCA in respect of the Articles of Arrangement.

"**Change in Recommendation**" has the meaning ascribed thereto in <u>Section 7.2(1)(d)(ii)</u>.

"**CMA**" means the United Kingdom Competition and Markets Authority.

"**CMA Approval**" means the CMA shall have confirmed that either (a) it will not make a reference under section 33 of the Enterprise Act 2002 in relation to the transactions contemplated by this Agreement (or any matter arising therefrom), (b) the CMA having finally accepted, under section 73(2) of the Enterprise Act 2002, undertakings to remedy, mitigate or prevent any substantial lessening of competition within a market or markets in the UK that may be expected to arise from the transactions contemplated by this Agreement (or any matter therefrom), offered by the Parties in lieu of a reference under section 33 of the Enterprise Act 2002, or (c) should the CMA not accept the undertakings offered in lieu of a section 33 reference and instead make a reference under section 33 of the Enterprise Act 2002, the CMA having (i) issued a report concluding that the transactions contemplated by this Agreement (or any matter therefrom) may not be expected to result in a substantial lessening of competition within any market or markets in the UK or (ii) accepted final undertakings or issued a final order allowing the transactions contemplated in this Agreement to proceed.

"**Code**" means the United States Internal Revenue Code of 1986, as amended.

"**Collective Agreements**" means collective agreements, bargaining agreements with unions and related documents including benefit agreements, letters of understanding, letters of intent and other written communications (including arbitration awards) by which the Company and/or any of its Subsidiaries are bound.

"**Commissioner of Competition**" means the Commissioner of Competition appointed pursuant to Subsection 7(1) of the Competition Act or her/his designee, and, when the context so requires, includes her/his staff at the Competition Bureau.

"**Company**" has the meaning ascribed thereto in the Preamble.

"**Company Circular**" means the notice of the Company Meeting and accompanying management information circular, including all schedules, appendices and exhibits to, and information incorporated by reference in, such management information circular, to be sent to Company Shareholders in connection with the Company Meeting, as amended, supplemented or otherwise modified from time to time in accordance with the terms of this Agreement.

"**Company Disclosure Letter**" means the disclosure letter dated the date of this Agreement and delivered by the Company to the Purchaser with this Agreement.

"**Company Employees**" means all individuals who are employees of the Company or any of its Subsidiaries, including unionized, non-unionized, part-time, full-time, active and inactive employees.

"**Company Filings**" means all documents publicly filed by or on behalf of the Company on SEDAR since January 1, 2021.

"**Company IT Assets**" means the IT Assets owned, used or held for use (including through cloud-based or other third-party service providers) by the Company or any of its Subsidiaries.

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"**Company Meeting**" means the special meeting of Company Shareholders, including any adjournment or postponement of such special meeting in accordance with the terms of this Agreement, to be called and held in accordance with the Interim Order to consider the Arrangement Resolution and for any other matter as may be set out in the Company Circular and agreed to in writing by the Purchaser. 

"**Company Securityholders**" means, collectively, the Company Shareholders, the holders of Options, the holders of DSU Awards, the holders of RSU Awards, the holders of PSU Awards and the holders of Debentures.

"**Company Shareholders**" means the registered and/or beneficial holders of Company Shares, as the context requires.

"**Company Shares**" means the common shares in the capital of the Company.

"**Company UK Business**" means PA Group Holdings Limited and each of its direct and indirect Subsidiaries.

"**Competition Act**" means the Competition Act (Canada).

"**Competition Act Approval**" means (a) receipt by the Purchaser of an ARC with respect to the transactions contemplated by this Agreement or (b) both of the (A) expiry or termination of the waiting period, including any extension of such waiting period, under Section 123 of the Competition Act or the waiver of the obligation to provide a pre-merger notification in accordance with paragraph 113(c) of the Competition Act, and (B) receipt by the Purchaser of a No Action Letter, in each case with respect to the transactions contemplated by this Agreement.

"**Confidentiality Agreement**" means the confidentiality agreement, dated as of November 30, 2022, between the Company and the Parent.

"**Consideration**" means forty-eight Canadian dollars ($48.00) in cash per Company Share, without interest.

"**Constating Documents**" means articles of incorporation, amalgamation, arrangement or continuation, partnership agreements, unanimous shareholders agreements, by-laws (or equivalent documents) and all amendments to such articles, partnership agreements, unanimous shareholders agreements or by-laws (or equivalent documents).

"**Contract**" means any legally binding agreement, commitment, engagement, contract, license, lease (including the Leases), obligation or undertaking to which the Company or any of its Subsidiaries is a party or by which it or any of its Subsidiaries is bound or to which any of their respective properties or assets is subject.

**"Contract Modifications**" has the meaning ascribed thereto in <u>Section 4.4(5).</u>

"**Court**" means the Superior Court of Québec, or other court as applicable.

"**Credit Facility**" means the Second Amended and Restated Credit Agreement, dated as of December 6, 2021, among the Company, the other borrowers party thereto, the designated subsidiaries of the Company party thereto, the lenders party thereto and National Bank of Canada, as administrative agent, as amended on August 15, 2022.

"**Credit Facility Termination**" has the meaning ascribed thereto in <u>Section 4.15(1)</u>.

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"**Data Protection Laws**" means all Laws relating to the protection or processing of Personal Data, data privacy, cybersecurity or the privacy of electronic communications that are applicable to the Company, any of its Subsidiaries or their respective businesses, operations or assets, including, to the extent in effect, (a) the Personal Information Protection and Electronic Documents Act (Canada), (b) the Act respecting the protection of personal information in the private sector (Québec) and the Act to modernize legislative provisions as regards the protection of personal information (Québec), (c) the General Data Protection Regulation ((EU) 2016/679), and any national implementing Laws relating thereto (including, in the UK and in relation to matters on or after 11:00 p.m. UK time on December 31, 2020, as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 and any regulations made under that Act), and (d) the UK Data Protection Act 2018.

"**Data Room**" means the material contained in the virtual data room established by the Company as at 12:00 p.m. on February 26, 2023, the index of documents of which is appended as Annex 1.1(a) to the Company Disclosure Letter.

"**Debentures**" means the 6.00% convertible senior subordinated unsecured debentures due December 18, 2026, issued pursuant to the Trust Indenture.

"**Debt Commitment Letter**" has the meaning ascribed thereto in <u>Paragraph 9(a)</u> of <u>Schedule D</u>.

"**Definitive Debt Agreements**" has the meaning ascribed thereto in <u>Section 4.13(1)</u>.

"**Depositary**" means Computershare Trust Company of Canada, in its capacity as depositary for the Arrangement, or such other Person selected by the Purchaser and reasonably acceptable to the Company, which Depositary will perform the duties described in a depositary agreement in form and substance reasonably acceptable to the Parties.

"**Derivatives Transaction**" has the meaning ascribed to in <u>Paragraph (16)</u> of <u>Schedule C</u>.

"**Disclosing Party**" has the meaning ascribed thereto in <u>Section 4.4(4)</u>.

"**Dissent Rights**" means the rights to demand repurchase of Company Shares in respect of the Arrangement described in the Plan of Arrangement.

"**DSU Award**" means an award of deferred share units corresponding to Company Shares issued under the Amended and Restated Deferred Share Unit Plan for the Members of the Board of Directors and Officers of Uni-Select Inc. and Affiliates, dated March 15, 2022.

"**Effective Date**" means the date shown on the Certificate of Arrangement giving effect to the Arrangement.

"**Effective Time**" has the meaning ascribed thereto in the Plan of Arrangement.

"**Employee Plans**" means all employee benefit, fringe benefit, health, welfare, medical, dental, life insurance, supplemental unemployment benefit, bonus, commissions, profit sharing, option, phantom stock, stock appreciation, savings, insurance, incentive, incentive compensation, deferred compensation, termination, notice, severance, change of control, retention, share purchase, share compensation, disability, retirement, pension, supplemental retirement plans and other employee or director compensation or benefit plans, policies, trusts, funds, agreements or arrangements for the benefit of directors or former directors of the Company or any of its Subsidiaries, Company Employees or former Company Employees, which are maintained, sponsored or funded by or binding upon the Company or any of its Subsidiaries, whether written or oral, funded or unfunded, insured or self-insured, registered or unregistered, in respect of

------

which the Company or any of its Subsidiaries has any actual or potential liability or obligations, other than statutory benefit plans that the Company or its Subsidiaries are required to establish pursuant to statute.

"**Enterprise Registrar**" means the enterprise registrar appointed by the Minister of Revenue of Québec.

"**Environmental Laws**" means all Laws or Orders of Governmental Entities relating to public health and safety, noise control, pollution, contamination, remediation or the protection of the environment or natural resources or to the generation, production, use, storage, treatment, transportation, presence, disposal or Release of Hazardous Substances.

"**ERISA**" means the United States Employee Retirement Income Security Act of 1974, as amended.

"**ERISA Affiliate**" means any trade or business, whether or not incorporated, which together with the Company would be deemed a "single employer" within the meaning of Section 4001 of ERISA.

"**executive officers**" means all Company Employees holding a position of executive officer with the Company.

"**Fairness Opinions**" means, collectively, the TD Fairness Opinion and the RBC Fairness Opinion.

"**Final Order**" means the final order of the Court in a form acceptable to the Company and the Purchaser, each acting reasonably, approving the Arrangement, as such order may be amended by the Court (with the consent of both the Company and the Purchaser, each acting reasonably) at any time prior to the Effective Date or, if appealed, then, unless such appeal is withdrawn or denied, as affirmed or as amended (<u>provided</u>, that any such amendment is acceptable to both the Company and the Purchaser, each acting reasonably) on appeal.

"**Financing**" has the meaning ascribed thereto in <u>Paragraph (9)(a)</u> of <u>Schedule D</u>.

"**Financing Entities**" has the meaning ascribed thereto in the definition of "Financing Parties."

"**Financing Parties**" means the entities that have committed to provide or arrange or otherwise entered into agreements in connection with the Financing or other financings in connection with the transactions contemplated hereby, or to purchase securities from or place securities or arrange or provide loans for Parent as part of the Financing or other financings in connection with the transactions contemplated hereby, including the parties to any applicable commitment letter, engagement letter, joinder agreements, indentures or credit agreements entered pursuant thereto or relating thereto (the "**Financing Entities**") and their respective affiliates and their and their respective affiliates' equityholders, officers, directors, employees, agents and Representatives and their respective successors and assigns; <u>provided</u> that neither Parent nor any affiliate of Parent shall be a Financing Party.

"**GAAP**" means generally accepted accounting principles as set out in the CPA Canada Handbook – Accounting for an entity that prepares its financial statements in accordance with International Financial Reporting Standards, at the relevant time, applied on a consistent basis.

"**Governmental Entity**" means (a) any international, multinational, national, federal, provincial, state, regional, municipal, local or other government, governmental or public department, central bank, court, tribunal, arbitral body, commission, board, bureau, commissioner, minister, cabinet,

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governor in council, ministry, agency or instrumentality, domestic or foreign, (b) any subdivision, agent or authority of any of the foregoing, (c) any quasi-governmental or private body exercising any regulatory, expropriation or taxing authority under or for the account of any of the foregoing, or (d) any Securities Authority or stock exchange, including the TSX.

"**Hazardous Substance**" means any substance that is prohibited, listed, regulated, designated or classified as dangerous, hazardous, radioactive, explosive, toxic, a waste, deleterious, a pollutant, or a contaminant or words of similar meaning pursuant to any applicable Environmental Laws, including petroleum products or by-products, asbestos and asbestos-containing material, lead-containing paint or plumbing, polychlorinated biphenyls, radioactive materials, radon and perfluoroalkyl and polyfluoroalkyl substances.

"**HSR Act**" means the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and regulations promulgated thereunder.

"**HSR Act Clearance**" means any waiting period (and any extension thereof) under the HSR Act applicable to the transactions contemplated by this Agreement shall have expired or shall have been terminated.

"**ICA**" means the Investment Canada Act.

"**ICA Application**" has the meaning ascribed thereto in <u>Section 4.4(1)(b)</u>.

"**ICA Approvals**" means that (a) the Minister shall have sent a written notice pursuant to section 21(1) of the ICA to the Purchaser stating that the Minister is satisfied that the transactions contemplated by this Agreement are likely to be of net benefit to Canada, or alternatively, the time period for providing such notice under section 21(1) of the ICA shall have expired such that the Minister shall be deemed to be satisfied that the transactions contemplated by this Agreement are likely to be of net benefit to Canada and (b) more than 45 days shall have elapsed from the time that the Minister has certified the Purchaser's application for review filed in connection with the transactions contemplated by this Agreement as complete and the Minister has not sent to the Purchaser a notice under section 25.2(1) of the ICA and the Governor in Council has not made an order under section 25.3(1) of the ICA in relation to the transactions contemplated by this Agreement or, if such a notice has been sent or such an order has been made, the Purchaser has subsequently received (i) a notice under section 25.2(4)(a) of the ICA indicating that a review of the transactions contemplated by this Agreement on the grounds of national security shall not be made, (ii) a notice under section 25.3(6)(b) of the ICA indicating that no further action will be taken in respect of the transactions contemplated by this Agreement or (iii) a notice pursuant to section 25.4 regarding an order under section 25.4(1)(b) of the ICA authorizing the transactions contemplated by this Agreement, <u>provided</u> that such order is on terms and conditions consistent with the Purchaser's obligations under <u>Section 4.4</u>.

"**Indebtedness**" means, with respect to any Person, at the time of determination, without duplication, (a) all obligations for borrowed money, (b) all obligations evidenced by bonds, debentures, notes or similar instruments, (c) all Indebtedness of others secured by any Lien on owned or acquired property, whether or not the Indebtedness secured thereby has been assumed, (d) all guarantees (or any other arrangement having the economic effect of a guarantee) of Indebtedness of others, (e) all capital or finance lease obligations, (f) all obligations, contingent or otherwise, of such Person as an account party in respect of financial guarantees, letters of credit, letters of guaranty, surety bonds and other similar instruments, (g) all securitization transactions (if any), (h) all obligations representing the deferred and unpaid purchase price of property (other than trade payables incurred in the Ordinary Course) and (i) all obligations, contingent or otherwise, in respect of bankers' acceptances.

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"**Intellectual Property**" means any: (a) patents, applications for patents and reissues, divisions, continuations, renewals, extensions and continuations-in-part of patents or patent applications; (b) proprietary and non-public business information, including inventions (whether patentable or not), invention disclosures, improvements, discoveries, trade secrets, confidential information, know-how, methods, processes, designs, technology, technical data, schematics, formulae and customer lists, and documentation relating to any of the foregoing; (c) copyrights, copyright registrations and applications for copyright registration; (d) mask works, mask work registrations and applications for mask work registrations; (e) designs, design registrations, design registration applications and integrated circuit topographies; (f) trademarks, service marks, trade names, business names, corporate names, domain names, website names, world wide web addresses, social media accounts or handles, trademark registrations, trademark applications, trade dress and logos, other designations of origin and the goodwill associated with any of the foregoing; (g) software; and (h) any other intellectual property rights.

"**Intellectual Property Rights**" means any right, title and interest in and to, or license to, all Intellectual Property that is owned by or licensed to the Company or any of its Subsidiaries.

"**Interim Order**" means the interim order of the Court in a form acceptable to the Company and the Purchaser, each acting reasonably, providing for, among other things, the calling and holding of the Company Meeting, as such order may be amended by the Court with the consent of the Company and the Purchaser, each acting reasonably.

"**Investor Rights Agreement**" has the meaning ascribed thereto in <u>Paragraph (6)(d)</u> of <u>Schedule C</u>.

"**IT Assets**" means any technology devices, computers, software, servers, networks, workstations, routers, hubs, circuits, switches, data communications lines and all other information technology assets and equipment.

"**Law**" means, with respect to any Person, any applicable international, national, federal, state, local, provincial or municipal statute, law (statutory, civil, common or otherwise), constitution, treaty, convention, ordinance, code, rule, regulation or other similar requirement having the force of law, enacted, adopted, promulgated or applied by a Governmental Entity that is binding upon or applicable to such Person or its business, undertaking, property, assets or securities, and to the extent that they have the force of law, policies, guidelines, directives, notices and protocols of any Governmental Entity, as amended unless expressly specified otherwise.

"**Leased Properties**" has the meaning ascribed thereto in <u>Paragraph (26)(b)</u> of <u>Schedule C</u>.

"**Leases**" means the leases, subleases, licenses or occupancy agreements pursuant to which the Company or one of its Subsidiaries is the tenant, subtenant, licensee or occupier, as applicable, of the Leased Properties.

"**Lien**" means any mortgage, charge, pledge, hypothec, security interest, encroachment, option, encumbrance, lien (statutory or otherwise) or adverse right or claim, or other third party interest or encumbrance of any kind, in each case, whether contingent or absolute.

"**Matching Period**" has the meaning ascribed thereto in <u>Section 5.4(1)(e)</u>.

"**Material Adverse Effect**" means any change, event, occurrence, effect, state of facts or circumstance that has a material adverse effect on the business, operations, results of operations, assets, properties, capitalization, financial condition or liabilities of the Company and its Subsidiaries, taken as a whole, excluding any such change, event, occurrence, effect, state of facts or circumstance resulting from or arising in connection with:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)changes generally affecting the industries in which the Company and its Subsidiaries operate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any changes after the date hereof in GAAP or any adoption, proposal, implementation or change in Law or any authoritative interpretation of Law by any Governmental Entity after the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)any changes or developments in general economic, business, regulatory, political, financial, capital, securities or credit market conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)any fluctuations in interest or inflation rates or Canadian, U.S. and U.K. currency exchange rates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)any hurricane, flood, tornado, earthquake or other natural disaster, man-made disaster or superior force (as defined in the Civil Code of Québec);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the commencement or continuation of war (whether or not declared), hostilities or acts of sabotage or terrorism, including the escalation or worsening thereof, and other changes after the date hereof in geopolitical conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)any state of emergency declared by a Governmental Entity, epidemic, pandemic (including COVID-19), disease outbreak or general outbreak of illness, including the escalation or worsening thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)the announcement of this Agreement and the transactions contemplated hereby, including any loss, or adverse change in, the relationship of the Company or any of its Subsidiaries with any of its employees, customers, suppliers, partners, members or shareholders (it being understood that this clause (h) shall not apply with respect to <u>Paragraph (5)</u> of <u>Schedule (C)</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)any action taken (or omitted to be taken) by the Company or its Subsidiaries which is requested by the Purchaser or the Parent in writing, including for greater certainty any Pre-Acquisition Reorganization pursuant to and in accordance with <u>Section 4.6</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)the failure of the Company to meet any internal or published projections, forecasts, guidance or estimates of revenues, earnings or cash flows (it being understood that the causes underlying such failure may be taken into account in determining whether a Material Adverse Effect has occurred); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)any change in the market price or trading volume of the Company Shares (it being understood that the causes underlying such change in market price or trading volume may be taken into account in determining whether a Material Adverse Effect has occurred);

<u>provided</u>, <u>however</u>, that (x) the exclusions set forth in clauses (a)-(g) shall only apply to the extent that such matter does not have a disproportionate effect on the business, operations, results of operations, assets, properties, capitalization, financial condition or liabilities of the Company and its Subsidiaries, taken as a whole, relative to other participants in the industries in which the Company and its Subsidiaries operate, and (y) references in this Agreement to dollar amounts are not intended to be and shall not be deemed to be illustrative or interpretative for purposes of determining whether a Material Adverse Effect has occurred.

"**Material Contract**" has the meaning ascribed thereto in <u>Paragraph (23)(i)</u> of <u>Schedule C</u>.

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"**Material Customer**" means a customer of the Company and its Subsidiaries that generated revenues in excess of US$20,000,000 for the twelve-month period ended September 30, 2022.

"**Material Vendor**" means a vendor of the Company and its Subsidiaries that purchased in excess of US$20,000,000 for the twelve-month period ended September 30, 2022.

"**MI 61-101**" means Multilateral Instrument 61-101 – *Protection of Minority Security Holders in Special Transactions*.

"**Minister**" means the responsible Minister under the ICA.

"**Misrepresentation**" has the meaning ascribed thereto under Securities Laws.

"**Money Laundering Laws**" has the meaning ascribed thereto in <u>Paragraph (19)(c)</u> of <u>Schedule C</u>.

"**Multiemployer Plan**" has the meaning ascribed thereto in <u>Paragraph (35)(i)</u> of <u>Schedule C</u>.

"**Multiple Employer Plan**" has the meaning ascribed thereto in <u>Paragraph (35)(i)</u> of <u>Schedule C</u>.

"**No Action Letter**" means written confirmation from the Commissioner of Competition that she/he does not, at that time, intend to make an application under Section 92 of the Competition Act in respect of the transactions contemplated by this Agreement.

"**Non-Cooperation Notice**" has the meaning ascribed thereto in <u>Section 4.14(7)</u>.

"**Option**" means an option to purchase Company Shares issued pursuant to the Stock Option Plan.

"**Order**" means all judicial, arbitral, administrative, ministerial, departmental or regulatory judgments, injunctions, orders, subpoenas, writs, decisions, rulings, determinations, awards, decrees or similar actions taken by, or applied by, any Governmental Entity (in each case, whether temporary, preliminary or permanent).

"**Ordinary Course**" means, with respect to an action taken by any Person, that such action is consistent with the past practices of such Person and is taken in the ordinary course of the normal day-to-day operations of the business of such Person.

"**Outside Date**" means November 27, 2023, <u>provided</u>, that if the Effective Date has not occurred by such date as a result of the failure to obtain one or more of the Regulatory Approvals, then each of the Parent and the Company may elect, by notice in writing delivered to the other on or within ten (10) Business Days prior to such date, to extend the Outside Date to February 26, 2024.

"**Owned Property**" has the meaning ascribed thereto in <u>Paragraph (26)(a)</u> of <u>Schedule C</u>.

"**Parent**" has the meaning ascribed thereto in the Preamble.

"**Parent's Designee**" has the meaning ascribed thereto in <u>Section 8.2(1)</u>.

"**Parties**" means the Company, the Parent and the Purchaser and "**Party**" means any one of them.

"**Payoff Letter**" has the meaning ascribed thereto in <u>Section 4.15(1)</u>.

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"**Permitted Liens**" means, in respect of the Company or any of its Subsidiaries:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)easements, servitudes, restrictions, restrictive covenants, party wall agreements, rights of way, licenses, permits and other similar rights in land or real property, including rights of way and servitudes for highways and other roads, railways, sewers, drains, gas and oil pipelines, gas and water mains, electric light, power, telephone, telegraph or cable television conduits, poles, wires and cables that do not materially adversely affect the use of properties or assets of the Company and its Subsidiaries or otherwise materially impair business operations at the affected properties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Liens imposed by Law and incurred in the Ordinary Course for obligations not yet due or delinquent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Liens in respect of pledges or deposits under workers' compensation, social security or similar laws, other than with respect to any amounts which are due or delinquent, unless such amounts are being contested in good faith by appropriate proceedings by the Company or its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)zoning and building by-laws and ordinances and regulations made by public authorities that do not materially adversely affect the use of the properties or assets of the Company and its Subsidiaries or otherwise materially impair business operations at the affected properties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Liens incurred, created and granted in the Ordinary Course to a public utility, municipality or Governmental Entity in connection with operations conducted with respect to properties or assets of the Company and its Subsidiaries that do not materially adversely affect the use of such properties or assets or otherwise materially impair business operations at the affected properties, but only to the extent such Liens relate to costs and expenses for which payment is not yet due or delinquent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)any Liens arising under or related to the Credit Facility or any other Indebtedness, in each case, that are in effect as of the date hereof and are released and discharged at or prior to the Effective Time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)any Liens granted in connection with the leasing or financing of personal property and similar transactions (including renewals of existing leases of personal property) in the Ordinary Course to secure the unpaid purchase price or lease cost of such personal property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)Liens granted in connection with any Financing by Parent or Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the reservations, limitations, provisos and conditions in any original grant from the applicable Governmental Entity of any of the lands forming part of any properties or assets of the Company and its Subsidiaries, or interests in them and statutory exceptions to title, in each case that do not materially adversely affect the use of the properties or assets of the Company and its Subsidiaries or otherwise materially impair business operations at the affected properties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)Liens for Taxes which are not yet due or delinquent, or the validity of which are being contested in good faith by appropriate proceedings by the Company or its Subsidiaries and for which adequate reserves have been established on the Company's financial statements in accordance with GAAP;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)inchoate or statutory Liens of contractors, subcontractors, mechanics, workers, suppliers, materialmen, carriers and others in respect of the construction, maintenance or repair of any of the properties or assets of the Company and its Subsidiaries incurred in the Ordinary Course for amounts not due or delinquent, which are not registered against title to any such properties or assets and in respect of which adequate holdbacks are being maintained as required by Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)such other imperfections or irregularities of title, encroachments, encumbrances and restrictions on property (including easements, servitudes, covenants, rights of way and similar restrictions) incurred in the Ordinary Course and that do not materially adversely affect the use of the properties or assets subject thereto or affected thereby or otherwise materially impair business operations at such properties; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)any other Liens that are not of the type set forth in clauses (a) through (l) above and are registered, as at the date of this Agreement, against the properties or assets of the Company and its Subsidiaries in a public personal property registry, personal and real rights registry, land registry or register, or similar registry, in each case which do not materially adversely affect the use of properties or assets of the Company and its Subsidiaries or otherwise materially impair business operations at the affected properties.

"**Person**" includes any individual, partnership, corporation, limited liability company, joint stock company, organization, unincorporated organization or association, trust, joint venture, estate, trustee, executor, administrator, legal representative, government (including Governmental Entity), syndicate, association or other entity, whether or not having legal status.

"**Personal Data**" means any information that, regardless of its format (paper, electronic or other) (i) is about an identified or identifiable natural person and that alone or in combination with other information available identifies, or allows the identification of, that natural person, or (ii) is defined as "personal data," "personally identifiable information," "individually identifiable health information," "protected health information," "personal information" or words of similar import under any applicable Data Protection Laws.

"**Plan of Arrangement**" means the plan of arrangement, substantially in the form set out in <u>Schedule A</u>, subject to any amendments or variations to such plan made in accordance with <u>Section 8.1</u> or made at the direction of the Court in the Final Order with the prior written consent of the Company and the Purchaser, each acting reasonably.

"**Plan Trust**" means the trust fund established pursuant to the Employee Benefit Plan Trust Agreement by and between the Company and Computershare Trust Company of Canada, dated as of December 3, 2021, as amended.

"**Pre-Acquisition Reorganization**" has the meaning ascribed thereto in <u>Section 4.6(1)</u>.

"**Privacy and Security Requirements**" has the meaning ascribed thereto in <u>Paragraph (29)(c)</u> of <u>Schedule C</u>.

"**PSU Award**" means an award of performance share units corresponding to Company Shares issued under (a) the Performance Share Unit Plan for the Senior Management of Uni-Select Inc. and Affiliates, as amended and restated on November 14, 2018, or (b) the Performance Share Unit Plan for Employees of Uni-Select Inc. and Affiliates, dated February 17, 2022.

"**Purchaser**" has the meaning ascribed thereto in the Preamble.

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"**QBCA**" means the Business Corporations Act (Québec).

"**RBC Fairness Opinion**" means the opinion of RBC Dominion Securities Inc. to the effect that, as of the date of such opinion and based upon and subject to the assumptions, limitations and qualifications set forth therein, the Consideration to be received by the Company Shareholders is fair, from a financial point of view, to the Company Shareholders.

"**Receiving Party**" has the meaning ascribed thereto in <u>Section 4.4(4)</u>.

"**Regulatory Approvals**" means (a) HSR Act Clearance, (b) CMA Approval, (c) Competition Act Approval and (d) ICA Approvals.

"**Related Party**" has the meaning ascribed thereto in <u>Paragraph (17)</u> of <u>Schedule C</u>.

"**Related Party Agreement**" means any loan, guarantee, Contract, advance, arrangement, obligation, understanding or other transaction with a Related Party to which the Company or any of its affiliates is a party.

"**Release**" means any sudden, intermittent or gradual release, spill, leak, pumping, pouring, emission, emptying, discharge, injection, escape, leaching, disposal, dumping, deposit, spraying, burial, abandonment, seepage, placement or introduction of a Hazardous Substance, whether accidental or intentional, into or through the environment, or any other action, event, occurrence or circumstance that constitutes a "Release" pursuant to any applicable Environmental Law.

"**Representative(s)**" has the meaning ascribed thereto in <u>Section 5.1(1)</u>.

"**Required Shareholder Approvals**" has the meaning ascribed thereto in <u>Section 2.2(2)</u>.

"**Reverse Termination Fee**" has the meaning specified in <u>Section 8.2(5)</u>.

"**Reverse Termination Fee Event**" has the meaning specified in <u>Section 8.2(5)</u>.

"**RSU Award**" means an award of restricted share units corresponding to Company Shares issued under the Amended and Restated Restricted Share Unit Plan for the Senior Management of Uni-Select Inc. and Affiliates, dated February 17, 2022.

"**Securities Authority**" means the *Autorité des marchés financiers* (Québec) and the applicable securities commissions or securities regulatory authority of a province or territory of Canada.

"**Securities Laws**" means the Securities Act (Québec) and any other applicable Canadian provincial and territorial securities laws, rules and regulations and published policies thereunder.

"**SEDAR**" means the System for Electronic Document Analysis and Retrieval.

"**Special Committee**" means the special committee of directors of the Board formed in relation to the proposal to effect the transactions contemplated by this Agreement.

"**Stock Option Plan**" means the Amended and Restated Stock Option Plan of Uni-Select Inc., dated March 15, 2022.

"**Subsidiary**" means, with respect to a Person, any entity, whether incorporated or unincorporated: (a) of which such Person or any other Subsidiary of such Person is a general partner; or (b) a majority of the securities or other interests of which, having by their terms ordinary voting power to elect a majority of the board of directors or other Persons performing

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similar functions with respect to such corporation, entity or other organization, is owned by such Person and/or by any one or more of its Subsidiaries.

"**Substitute Financing**" has the meaning ascribed thereto in <u>Section 4.13(3)</u>.

"**Superior Proposal**" means any unsolicited bona fide written Acquisition Proposal made by a Person or group of Persons "acting jointly or in concert" (within the meaning of National Instrument 62-104 – Take-Over Bids and Issuer Bids) to acquire not less than all of the outstanding Company Shares or all or substantially all of the assets of the Company and its Subsidiaries on a consolidated basis (a) that did not result from or involve any non-*de minimis* breach of <u>Section 5.1(1)</u> or any breach of any other provision of <u>Article 5</u> in any material respect; (b) that is reasonably capable of being completed without undue delay, taking into account all financial, legal, regulatory and other aspects of such proposal and the Person or group of Persons making such proposal; (c) that is not subject to any financing contingency and in respect of which, to the satisfaction of the Board, acting reasonably and in good faith, adequate arrangements have been made to ensure that the required funds will be available to effect payment in full for all of the Company Shares or assets, as the case may be, and all other amounts payable in connection with such Acquisition Proposal; (d) that is not subject to any due diligence condition; and (e) in respect of which the Board determines, in its good faith judgment, after receiving the advice of its outside legal counsel and financial advisors and after taking into account all the terms and conditions of the Acquisition Proposal would, if consummated in accordance with its terms, but without assuming away the risk of non-completion, result in a transaction which is more favourable, from a financial point of view, to Company Shareholders than the Arrangement (including any amendments to the terms and conditions of the Arrangement proposed by the Purchaser pursuant to <u>Section 5.4(2)</u> of this Agreement).

"**Superior Proposal Notice**" has the meaning ascribed thereto in <u>Section 5.4(1)(c)</u>.

"**Supporting Shareholders**" means each of the Company's directors and executive officers who own more than 1,000 Company Shares and each of the Company Shareholders set forth on <u>Section 1.1(a)</u> of the Company Disclosure Letter.

"**Tax**" or "**Taxes**" means (a) any and all taxes, duties, fees, excises, premiums, assessments, imposts, levies and other charges or assessments of any kind whatsoever imposed by any Governmental Entity, whether computed on a separate, consolidated, unitary, combined or other basis, including those levied on, or measured by, or described with respect to, income, gross receipts, profits, gains, windfalls, capital, capital stock, production, recapture, transfer, land transfer, registration, license, gift, occupation, wealth, environment, net worth, estimated, alternative or add-on minimum, indebtedness, surplus, sales, goods and services, harmonized sales, use, ad valorem, value-added, excise, special assessment, stamp, withholding, business, franchising, real or personal property, escheat, abandoned and unclaimed property, health, employee health, payroll, workers' compensation, employment or unemployment, severance, social services, social security, education, utility, surtaxes, customs, import or export, and including all license and registration fees and all employment insurance, health insurance and government pension plan premiums or contributions; (b) all interest, penalties, fines, additions to tax or other additional amounts imposed by any Governmental Entity on or in respect of any amount of the type described in clause (a) above or this clause (b); (c) any liability for the payment of any amounts of the type described in clauses (a) or (b) as a result of being a member of an affiliated, consolidated, combined or unitary group for any period or under Treasury Regulations Section 1.1502-6 (or any similar provision of state, local or non-U.S. Law); and (d) any liability for the payment of any amounts of the type described in clauses (a) or (b) as a result of any express or implied obligation to indemnify any other Person, any material Tax Sharing Agreement, or as a result of being a transferee or successor in interest to any party.

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"**Tax Act**" means the Income Tax Act (Canada).

"**Tax Returns**" means any and all returns, reports, declarations, elections, notices, forms, designations, claims for refund, filings, and statements (including estimated tax returns and reports, withholding tax returns and reports, and information returns and reports) filed or required to be filed in respect of Taxes, including any schedule or attachment thereto, and any amendment thereof.

"**Tax Sharing Agreement**" has the meaning specified in <u>Section 4.1(2)(m)</u>.

"**TD Fairness Opinion**" means the opinion of TD Securities Inc. to the effect that, as of the date of such opinion and based upon and subject to the assumptions, limitations and qualifications set forth therein, the Consideration to be received by the Company Shareholders is fair, from a financial point of view, to the Company Shareholders.

"**Terminating Party**" has the meaning ascribed thereto in <u>Section 4.8(3)</u>.

"**Termination Fee**" has the meaning ascribed thereto in <u>Section 8.2(2)</u>.

"**Termination Fee Event**" has the meaning ascribed thereto in <u>Section 8.2(2)</u>.

"**Termination Notice**" has the meaning ascribed thereto in <u>Section 4.8(3)</u>.

"**Third Party Beneficiaries**" has the meaning ascribed thereto in <u>Section 8.7(1)</u>.

"**Trust Indenture**" means that certain Trust Indenture between the Company and AST Trust Company (Canada), as debenture trustee, providing for the issue of Debentures, dated as of December 18, 2019.

"**TSX**" means the Toronto Stock Exchange.

"**UK Divestment**" has the meaning ascribed thereto in <u>Section 4.4(6)</u>.

"**UK Divestment Undertaking**" has the meaning ascribed thereto in <u>Section 4.4(1)(d)</u>.

"**Voting and Support Agreements**" means the agreements to vote in favour of the Arrangement from each of the Supporting Shareholders.

"**willful breach**" means a material breach of any covenant or agreement set forth in this Agreement that results from a deliberate act or failure to act by a Party with actual knowledge that the taking of such act or failure to act would, or would be reasonably expected to, result in a material breach of any such covenant or agreement.

**Section 1.2Certain Rules of Interpretation**

In this Agreement, unless otherwise specified:

(1)**Headings, etc.** The provision of a **Table of Contents**, the division of this Agreement into Articles and Sections and the insertion of headings are for convenient reference only and do not affect the construction or interpretation of this Agreement.

(2)**Currency.** All references to dollars or to $ are references to Canadian dollars, and all references to U.S. dollars or to US$ are references to United States dollars.

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(3)**Gender and Number.** Any reference to gender includes all genders. Words importing the singular number only include the plural and vice versa.

(4)**Certain Phrases, etc.** The words (a) "including", "includes" and "include" mean "including (or includes or include) without limitation"; (b) "the aggregate of", "the total of", "the sum of", or a phrase of similar meaning means "the aggregate (or total or sum), without duplication, of"; (c) "to the extent" mean the degree to which a subject or other thing extends (and such words shall not mean simply "if"); and (d) unless stated otherwise, "Article", "Section", and "Schedule" followed by a number or letter mean and refer to the specified Article or Section of or Schedule to this Agreement. The term "Agreement" and any reference in this Agreement to this Agreement includes, and is a reference to, this Agreement as it may have been, or may from time to time be, amended, restated, replaced, supplemented or novated and includes all schedules to it. The terms "made available" or "provided to" or words of similar import means copies of the subject materials were included in the Data Room.

(5)**Capitalized Terms.** All capitalized terms used in any Schedule or in the Company Disclosure Letter have the meanings ascribed to them in this Agreement.

(6)**Knowledge.** Where any representation or warranty is expressly qualified by reference to the knowledge of the Company, it is deemed to refer to the actual knowledge of the Executive Chair and Chief Executive Officer, the Chief Financial Officer and the Chief Legal Officer and Corporate Secretary of the Company in their respective capacities as officers of the Company and not in their personal capacity, after reasonable inquiry. Where any representation or warranty is expressly qualified by reference to the knowledge of the Parent, it is deemed to refer to the actual knowledge of the Senior Vice President of Development of the Parent, in their respective capacities as officers of the Parent or the Purchaser, as applicable, and not in their personal capacity, after reasonable inquiry.

(7)**Accounting Terms.** All accounting terms are to be interpreted in accordance with GAAP and all determinations of an accounting nature in respect of the Company required to be made shall be made in a manner consistent with GAAP.

(8)**Statutes.** Any reference to a statute refers to such statute and all rules and regulations made under it, as it or they may have been or may from time to time be amended or re-enacted, unless stated otherwise.

(9)**Computation of Time.** A period of time is to be computed as beginning on the day following the event that began the period and ending at 5:00 p.m. on the last day of the period, if the last day of the period is a Business Day, or at 5:00 p.m. on the next Business Day if the last day of the period is not a Business Day.

(10)**Time References.** References to time are to local time, Montreal, Québec unless otherwise specified.

(11)**Subsidiaries.** To the extent any covenants or agreements relate, directly or indirectly, to a Subsidiary of the Company, each such provision shall be construed as a covenant by the Company to cause such Subsidiary to perform the required action.

(12)**Schedules**. The schedules attached to this Agreement form an integral part of this Agreement for all purposes of it.

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**Article 2Article 2<br>THE ARRANGEMENT**

**Section 2.1Arrangement**

The Company and the Purchaser agree that the Arrangement will be implemented in accordance with and subject to the terms and conditions of this Agreement and the Plan of Arrangement.

**Section 2.2Interim Order**

As soon as reasonably practicable after the date of this Agreement, the Company shall apply, in a manner reasonably acceptable to the Purchaser, pursuant to Chapter XVI – Division II of the QBCA and, in cooperation in good faith with the Purchaser, prepare, file and diligently pursue an application for the Interim Order, which shall provide, among other things:

(1)for the class(es) of Persons to whom notice is to be provided in respect of the Arrangement and the Company Meeting and for the manner in which such notice is to be provided;

(2)that the required level of approval for the Arrangement Resolution shall be (i) two-thirds of the votes cast on the Arrangement Resolution by the Company Shareholders present in person or represented by proxy at the Company Meeting and (ii) if required, a majority of the votes cast on the Arrangement Resolution by the Company Shareholders present or represented by proxy at the Company Meeting, voting together as a single class, excluding for this purpose the votes required to be excluded by MI 61-101 (the "**Required Shareholder Approvals**");

(3)that, subject to the foregoing and in all other respects, the terms, restrictions and conditions of the Company's Constating Documents as in effect on the date hereof, including quorum requirements and all other matters, shall apply in respect of the Company Meeting;

(4)for the grant of the Dissent Rights to those Company Shareholders who are registered Company Shareholders as contemplated in the Plan of Arrangement;

(5)for the notice requirements with respect to the presentation of the application to the Court for the Final Order;

(6)that the Company Meeting may be adjourned or postponed from time to time by the Company in accordance with the terms of this Agreement without the need for additional approval of the Court;

(7)confirmation of the record date fixed in accordance with <u>Section 2.3(4)</u> for the purpose of determining the Company Shareholders entitled to notice of and to vote at the Company Meeting;

(8)that the record date for the purpose of determining the Company Shareholders entitled to notice of and to vote at the Company Meeting will not change in respect of any adjournment(s) or postponement(s) of the Company Meeting, unless required by Law; and

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(9)for such other matters as the Purchaser or the Company (with the prior consent of the other, such consent not to be unreasonably withheld, conditioned or delayed) may reasonably require.

**Section 2.3The Company Meeting**

The Company shall:

(1)convene and conduct the Company Meeting in accordance with the Interim Order, the Company's Constating Documents and Law as soon as reasonably practicable after the date hereof, but in any event on or before April 27, 2023, and not adjourn, postpone or cancel (or propose the adjournment, postponement or cancellation of) the Company Meeting without the prior written consent of the Purchaser except as required for quorum purposes (in which case, the Company Meeting shall be adjourned, and not cancelled, to a date mutually agreed with the Parent), by applicable Law or by a Governmental Entity or as otherwise expressly provided in <u>Section 4.8(3)</u>, <u>Section 5.4(5)</u> or <u>Section 5.4(6)</u>;

(2)subject to the terms of this Agreement, use commercially reasonable efforts to solicit proxies in favour of the Required Shareholder Approvals and against any resolution submitted by any Person that is inconsistent with the Arrangement Resolution and the completion of any of the transactions contemplated by this Agreement, including, if requested by the Purchaser, using proxy solicitation services firms acceptable to and at the expense of the Purchaser to solicit proxies in favour of the approval of the Arrangement Resolution;

(3)provide the Purchaser with copies of or access to information regarding the Company Meeting generated by any proxy solicitation services firm, as reasonably requested from time to time by the Purchaser;

(4)in consultation with the Purchaser, fix and publish a record date for the purposes of determining the Company Shareholders entitled to notice of and to vote at the Company Meeting and fix the date of the Company Meeting, give notice to the Purchaser of the Company Meeting and allow the Purchaser's representatives and legal counsel to attend the Company Meeting;

(5)promptly advise the Purchaser, at such times as the Purchaser may reasonably request, and on a daily basis on each of the last ten (10) Business Days prior to the date of the Company Meeting, as to the aggregate tally of the proxies received by the Company in respect of the Arrangement Resolution;

(6)promptly advise the Purchaser of receipt of any written communication from or claims brought by (or threatened to be brought by) any Company Shareholder or other Company Securityholder in opposition to the Arrangement (except for non-substantive communications) and/or purported exercise or withdrawal of Dissent Rights by Company Shareholders and, subject to Law, provide the Purchaser with a reasonable opportunity to review and comment upon any written communication sent by or on behalf of the Company to any such Person and to participate in any discussions, negotiations or proceedings with or including any such Person, it being agreed that any settlement, compromise or other resolution of any of the foregoing shall require the prior written consent of the Purchaser (not to be unreasonably withheld, conditioned or delayed);

(7)not (i) waive any failure by any holder of Company Shares to timely deliver a notice of exercise of Dissent Rights or (ii) settle, compromise or make any payment with respect to, or agree to settle, compromise or make any payment with respect to, any exercise or

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purported exercise of Dissent Rights prior to the Effective Time, in each case, without the prior written consent of the Purchaser;

(8)not, without the prior written consent of the Parent, change the record date for the Company Shareholders entitled to vote at the Company Meeting in connection with any adjournment or postponement of the Company Meeting unless required by Law or the Interim Order;

(9)ensure that the Arrangement Resolution is the first substantive matter on the agenda for the Company Meeting, unless otherwise previously agreed to in writing by the Purchaser;

(10)not propose or submit for consideration at the Company Meeting any business other than the Arrangement without the Purchaser's written consent (it being understood that any disclosure relating to any such business, including annual meeting matters, shall be in form and substance satisfactory to the Purchaser, acting reasonably); and

(11)at the reasonable request of the Purchaser from time to time, (i) provide the Purchaser with a list (in both written and electronic form) of (A) the registered Company Shareholders, together with their addresses and respective holdings of Company Shares, (B) the names, addresses and holdings of all Persons having rights issued by the Company to acquire Company Shares (including holders of Options, holders of DSU Awards, holders of RSU Awards and holders of PSU Awards), and (C) participants and book-based nominee registrants such as CDS & Co., CEDE & Co. and DTC, and non-objecting beneficial owners of Company Shares, together with their addresses and respective holdings of Company Shares, and (ii) require that its registrar and transfer agent furnish the Purchaser with such additional information, including updated or additional lists of Company Shareholders, and lists of securities positions and other assistance as the Purchaser may reasonably request.

**Section 2.4The Company Circular**

(1)The Company shall, as promptly as reasonably practicable, prepare and complete the Company Circular together with any other documents required by Law in connection with the Company Meeting and the Arrangement, and the Company shall, as promptly as reasonably practicable after obtaining the Interim Order, cause the Company Circular and such other documents to be filed and sent to each Company Shareholder and such other Persons as required by the Interim Order and Law, in each case, so as to permit the Company Meeting to be held by the date specified in <u>Section 2.3(1)</u>, provided that the Parent and the Purchaser shall have complied with <u>Section 2.4(4)</u>.

(2)The Company shall ensure that the Company Circular complies in all material respects with Law, does not contain any Misrepresentation (except that the Company shall not be responsible for any information included in the Company Circular relating to the Parent, the Purchaser and their respective affiliates that was furnished in writing by the Parent or the Purchaser specifically for inclusion in the Company Circular pursuant to <u>Section 2.4(4)</u>) and provides the Company Shareholders with sufficient information to permit them to form a reasoned judgement concerning the matters to be placed before the Company Meeting. Without limiting the generality of the foregoing, the Company Circular shall include: (a) a copy of the Interim Order; (b) a copy of each of the Fairness Opinions; (c) a statement that the Special Committee has received the Fairness Opinions and has, after receiving legal and financial advice, unanimously recommended that the Board approve the Arrangement and the Arrangement Agreement and recommend that the Company Shareholders vote in favour of the Arrangement Resolution; (d) a statement that the Board (i) has received the Fairness Opinions and has, after receiving legal and

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financial advice and the recommendation of the Special Committee, unanimously determined that the Arrangement is in the best interests of the Company and is fair to the Company Shareholders and (ii) unanimously recommends that the Company Shareholders vote in favour of the Arrangement Resolution (the "**Board Recommendation**"); and (e) a statement that each Supporting Shareholder has entered into a Voting and Support Agreement pursuant to which each such Supporting Shareholder has agreed to, among other things, vote all of such Supporting Shareholder's Company Shares in favour of the Arrangement Resolution and against any resolution that is inconsistent with the Arrangement Resolution, subject to the terms of the Voting and Support Agreements.

(3)The Company shall give the Purchaser and its legal counsel a reasonable opportunity to review and comment on drafts of the Company Circular and other related documents, and shall give reasonable consideration to any comments made by the Purchaser and its counsel, and agrees that all information relating to the Purchaser included in the Company Circular must be in a form and content satisfactory to the Purchaser, acting reasonably. The Company shall provide the Purchaser with a final copy of the Company Circular and all other related documents prior to printing and filing them.

(4)Each of the Parent and the Purchaser shall provide all necessary information concerning the Parent and the Purchaser and their respective controlled affiliates that is required by Law to be included by the Company in the Company Circular, other related documents or any amendments or supplements to such Company Circular and related documents to the Company in writing, on a timely basis, and shall ensure that such information does not contain any Misrepresentation.

(5)Each Party shall promptly notify the other Parties if, at any time before the Effective Date, it becomes aware that the Company Circular contains a Misrepresentation, or an amendment or supplement thereto is otherwise required by the Court or by Law. The Parties shall cooperate in the preparation of any such amendment or supplement, and the Company shall promptly mail, file or otherwise publicly disseminate any such amendment or supplement to the Company Shareholders and, if required by the Court or by Law, file the same with the Securities Authorities or any other Governmental Entity as required.

(6)Without limiting the generality of <u>Section 4.2(2)</u>, the Company shall promptly advise the Purchaser of any material communication (whether written or oral) received by the Company from the TSX, any Securities Authority or any other Governmental Entity in connection with the Company Circular.

**Section 2.5Final Order**

If the Interim Order is obtained and the Arrangement Resolution is passed at the Company Meeting as provided for in the Interim Order, the Company shall (1) take all steps necessary or desirable to submit the Arrangement to the Court as soon as reasonably practicable, but in any event not later than three (3) Business Days after the Arrangement Resolution is passed at the Company Meeting (it being acknowledged that the actual date of the hearing for the Final Order shall be subject to the scheduling and availability of the Court), and (2) diligently pursue an application for the Final Order pursuant to Chapter XVI – Division II of the QBCA.

**Section 2.6Court Proceedings**

(1)Subject to the terms of this Agreement, the Purchaser and the Parent shall cooperate with, assist and consent to the Company seeking the Interim Order and the Final Order,

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including by providing the Company on a timely basis any information regarding the Purchaser or the Parent as reasonably requested by the Company or as required by Law to be supplied by the Purchaser or the Parent in connection therewith.

(2)In connection with all Court proceedings relating to obtaining the Interim Order and the Final Order, and in each case subject to applicable Law, the Company shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)diligently pursue, and cooperate in good faith with the Purchaser in diligently pursuing, the Interim Order and the Final Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)provide the Purchaser and its legal counsel with a reasonable opportunity to review and comment upon drafts of all material to be filed with the Court in connection with the Arrangement, including drafts of the motion for Interim Order and Final Order, affidavits, the Interim Order and the Final Order, and give reasonable consideration to all comments of the Purchaser and its legal counsel;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)provide legal counsel to the Purchaser on a timely basis with copies of any notice of appearance, evidence or other documents served on the Company or its legal counsel in respect of the application for the Interim Order or the Final Order or any appeal therefrom, and any notice, written or oral, indicating the intention of any Person to appeal, or oppose the granting of, the Interim Order or the Final Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)ensure that all material filed with the Court in connection with the Arrangement is consistent in all material respects with the terms of this Agreement and the Plan of Arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)not file any material with the Court in connection with the Arrangement or serve any such material, or agree to modify or amend any material so filed or served, except as contemplated by this Agreement or with the Purchaser's prior written consent (which consent shall not be unreasonably withheld, delayed or conditioned); <u>provided</u>, that nothing herein shall require the Purchaser to agree or consent to any increase in, or variation of the form of, the Consideration or other modification or amendment to such filed or served materials that expands or increases the Purchaser's obligations, or diminishes or limits the Purchaser's rights, set forth in any such filed or served materials or under this Agreement, the Arrangement or the Voting and Support Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)oppose any proposal from any Person that the Final Order contain any provision inconsistent with this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)not object to legal counsel to the Purchaser making such submissions on the application for the Interim Order and the application for the Final Order as such counsel considers appropriate, acting reasonably; <u>provided</u>, that such submissions are consistent with this Agreement and the Plan of Arrangement, and further <u>provided</u>, that the Purchaser's legal counsel advises the Company's legal counsel of the nature of such submissions prior to the hearing, and at least the day before the hearing to the extent reasonably practicable.

(3)If, at any time after the issuance of the Final Order and prior to the Effective Time, the Company is required by the terms of the Final Order or by Law to return to the Court with respect to the Final Order, it shall do so only after notice to, and in good faith consultation and cooperation with, the Purchaser

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**Section 2.7Incentive Compensation Plans**

(1)All Options, DSU Awards, RSU Awards and PSU Awards outstanding at the Effective Time shall be treated in accordance with the Plan of Arrangement.

**Section 2.8Articles of Arrangement and Effective Date**

(1)The Articles of Arrangement shall implement the Plan of Arrangement. The Articles of Arrangement shall include the form of the Plan of Arrangement attached to this Agreement as <u>Schedule A</u>, as it may be amended from time to time in accordance with its terms or the terms of this Agreement.

(2)The Company shall file the Articles of Arrangement with the Enterprise Registrar, and the Effective Date shall occur, on the third (3<sup>rd</sup>) Business Day following the satisfaction or, where not prohibited, the waiver by the applicable Party or Parties in whose favour the condition is, of the conditions set out in <u>Article 6</u> (excluding conditions that, by their terms, cannot be satisfied until the Effective Date, but subject to the satisfaction or, where not prohibited, the waiver by the applicable Party or Parties in whose favour the condition is, of those conditions as of the Effective Date), unless another time or date is agreed to in writing by the Parties; <u>provided</u>, however, that (i) the Articles of Arrangement shall not be filed with the Enterprise Registrar except as expressly provided hereunder and with the Purchaser's prior written consent (which consent shall not be unreasonably withheld, delayed or conditioned) and (ii) notwithstanding anything to the contrary herein, at Parent's election, by written notice no later than one (1) Business Day prior to the date on which the Effective Date would otherwise occur but for this proviso, the Effective Date, and the closing of the Arrangement and the other transactions contemplated hereby shall take place no earlier than the ninetieth (90th) day following the date of this Agreement.

(3)From and after the Effective Time, the Plan of Arrangement shall have all of the effects provided by applicable Law, including the QBCA. The closing of the Arrangement and the other transactions contemplated hereby shall take place (a) by the exchange of documents by PDF or other electronic means at 8:00 a.m. on the Effective Date, or (b) at such other time and location as may be agreed upon by the Parties.

**Section 2.9Payment of Consideration**

The Purchaser shall (i) immediately prior to the filing by the Company of the Articles of Arrangement with the Enterprise Registrar in accordance with <u>Section 2.8</u>, provide the Depositary with sufficient funds to be held in escrow (the terms and conditions of such escrow to be satisfactory to the Company and the Purchaser, each acting reasonably) to satisfy the aggregate Consideration payable to Company Shareholders pursuant to the Plan of Arrangement (including the Company Shares issued upon the deemed conversion of the Debentures), and (ii) at or prior to the Effective Time, provide the Company with sufficient funds, pursuant to the Purchaser Loan (as defined in the Plan of Arrangement), to make the payments in respect of the Options, DSU Awards, PSU Awards and RSU Awards pursuant to the Plan of Arrangement.

**Section 2.10Withholding Taxes**

The Parent, the Purchaser, the Company and the Depositary, as applicable, shall be entitled to deduct and withhold from any amount payable pursuant to <u>Article 2</u> or the Plan of Arrangement such amount as is required to be deducted and withheld in respect of such payment under the Tax Act, the Code, or any other provision of applicable Law in respect of Taxes. Any amount so deducted and withheld shall be treated for all purposes under this Agreement and the Plan of Arrangement as having been paid to the Person in respect of which such deduction,

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withholding and remittance was made (<u>provided</u>, that such deducted and withheld amounts are actually remitted to the appropriate Governmental Entity). For greater certainty, and notwithstanding anything in the contrary in this Agreement, the Parties agree that any deduction or withholding in respect of the Debentures shall be governed by Section 6.2 of the Investor Rights Agreement.

**Section 2.11Parent Guarantee**

The Parent hereby unconditionally, absolutely and irrevocably guarantees in favour of the Company the due and punctual performance (and where applicable, payment) by the Purchaser of the Purchaser's obligations and liabilities under this Agreement and the Plan of Arrangement. The Parent hereby waives the benefit of discussion and division and agrees that the Company shall not have to proceed first against the Purchaser in respect of any such matter before exercising its rights under this guarantee against the Parent and agrees to be liable for all guaranteed obligations as if it were the principal obligor of such obligations, including providing the Depositary and the Company with sufficient funds pursuant to <u>Section 2.9</u>.

**Section 2.12Taxation of Options**

The Parties acknowledge that, in respect of any payment made to a holder of Options in exchange for the surrender of Options pursuant to the Plan of Arrangement who is a resident of Canada for the purposes of the Tax Act or who is employed in Canada, the Company shall, to the extent necessary to allow such holder of Options to claim a deduction under paragraph 110(1)(d) of the Tax Act, (a) make an election pursuant to subsection 110(1.1) of the Tax Act, (b) provide evidence in writing of such election to such holders of Options, in the form(s) prescribed in respect of the Tax Act, and (c) not claim a deduction in respect of any such payments in respect of which such an election is made in computing the Company's taxable income under the Tax Act.

**Article 3Article 3<br>REPRESENTATIONS AND WARRANTIES**

**Section 3.1Representations and Warranties of the Company**

(1)Except as set forth in the Company Disclosure Letter, the Company hereby represents and warrants to the Purchaser and the Parent as set forth in <u>Schedule C</u> and acknowledges and agrees that the Purchaser and the Parent are relying upon such representations and warranties in connection with the entering into of this Agreement.

(2)Except for the representations and warranties set forth in this Agreement, neither the Company nor any other Person has made or makes any other express or implied representation and warranty, either written or oral, on behalf of the Company.

(3)The representations and warranties of the Company contained in this Agreement shall not survive the completion of the Arrangement and shall expire and be terminated on the earlier of the Effective Time and the date on which this Agreement is terminated in accordance with its terms.

(4)If a matter is disclosed in the Company Disclosure Letter, it is deemed to have been sufficiently disclosed to the Purchaser and the Parent with respect to (a) the particular section of the Company Disclosure Letter in which it is set forth, (b) any other particular section of the Company Disclosure Letter that contains a specific cross-reference to the particular section of the Company Disclosure Letter in which it is set forth, and (c) any other particular section of the Company Disclosure Letter to the extent that the relevance

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of such matter to items that are the subject of the representation or warranty in this Agreement corresponding to that particular section the Company Disclosure Letter is reasonably apparent on the face of such disclosure.

**Section 3.2Representations and Warranties of the Parent and the Purchaser**

(1)The Parent and the Purchaser hereby solidarily represent and warrant to the Company as set forth in <u>Schedule D</u> and acknowledge and agree that the Company is relying upon such representations and warranties in connection with the entering into of this Agreement.

(2)Except for the representations and warranties set forth in this Agreement, neither the Parent nor the Purchaser nor any other Person has made or makes any other express or implied representation and warranty, either written or oral, on behalf of the Parent or the Purchaser.

(3)The representations and warranties of the Parent and the Purchaser contained in this Agreement shall not survive the completion of the Arrangement and shall expire and be terminated on the earlier of the Effective Time and the date on which this Agreement is terminated in accordance with its terms.

**Article 4Article 4<br>COVENANTS**

**Section 4.1Conduct of Business of the Company**

(1)The Company covenants and agrees that, during the period from the date of this Agreement until the earlier of the Effective Time and the time that this Agreement is terminated in accordance with its terms, except (a) with the express prior written consent of the Purchaser (which consent shall not be unreasonably withheld, delayed or conditioned), (b) as required by applicable Law or an Order from a Governmental Entity, or (c) as required or expressly permitted by this Agreement (including pursuant to any Pre-Acquisition Reorganization pursuant to and in accordance with <u>Section 4.6</u>), the Company shall, and shall cause each of its Subsidiaries to, conduct its business in the Ordinary Course and in accordance with applicable Law in all material respects, use commercially reasonable efforts to maintain and preserve the business organization, assets, properties and goodwill of the Company and its Subsidiaries and maintain relations with the Company Employees and the suppliers, customers, landlords, creditors, partners, members, Governmental Entities and other Persons having business relationships with the Company or its Subsidiaries.

(2)Without limiting the generality of <u>Section 4.1(1)</u>, the Company covenants and agrees that, during the period from the date of this Agreement until the earlier of the Effective Time and the time that this Agreement is terminated in accordance with its terms, except (a) with the express prior written consent of the Purchaser (which consent shall not be unreasonably withheld, delayed or conditioned), (b) as required by applicable Law (including, for greater certainty, Antitrust Laws) or an Order from a Governmental Entity, (c) as required or expressly permitted by this Agreement or (d) as set forth in <u>Section 4.1(2)</u> of the Company Disclosure Letter, the Company shall not, and shall cause its Subsidiaries not to, directly or indirectly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)amend its Constating Documents or the Constating Documents of any of its Subsidiaries;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)split, reverse split, subdivide, combine, reclassify, modify or amend the terms of any shares or other securities of the Company or of any of its Subsidiaries, including any debt securities, options, equity or equity-based compensation, restricted stock, restricted stock units, warrants, convertible securities or other rights of any kind to acquire any of such securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)except to the extent covered by the adjustment set forth in Section 2.6 of the Plan of Arrangement (and in such event, only following consultation in good faith with the Parent), declare, set aside, make or pay any dividend or other distribution (whether in cash, stock, property or any combination thereof) on the shares or other securities of the Company or any of its Subsidiaries, other than (i) cash dividends paid by wholly owned Subsidiaries of the Company to the Company or its other wholly owned Subsidiaries and (ii) interest payments pursuant to the Trust Indenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)redeem, repurchase, or otherwise acquire or offer to redeem, repurchase or otherwise acquire, directly or indirectly, any shares or securities of the Company or any of its Subsidiaries, other than any redemption of DSU Awards, PSU Awards, or RSU Awards, in each case in accordance with their terms as of the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)(i) issue, grant or sell or enter into any agreement or arrangement encumbering any shares or other securities of the Company or any of its Subsidiaries, including any securities, options, warrants or similar rights exercisable or exchangeable for or convertible into shares or other securities of the Company or any of its Subsidiaries, except pursuant to the conversion of Debentures in accordance with their terms as of the date hereof or the exercise, redemption or settlement of Options, DSU Awards, PSU Awards or RSU Awards, in each case in accordance with their terms as of the date hereof, or (ii) pledge any shares or other securities of the Company's Subsidiaries, other than any pledges in existence as of the date hereof as collateral under the Credit Facility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)acquire (by merger, consolidation, acquisition of shares or assets or otherwise), directly or indirectly, in one transaction or in any series of related transactions, assets (other than the purchase of supplies, inventories and materials in the Ordinary Course), securities, properties or businesses, other than acquisitions that (i) are limited to the CAG Group, (ii) are for a price, on a per transaction or series of related transactions basis, not in excess of US$25,000,000 individually or US$50,000,000 in the aggregate (it being acknowledged and agreed that the transactions set forth on <u>Section 4.1(2)(f)</u> of the Company Disclosure Letter shall, if entered into, count toward such amounts) and (iii) would not and would not reasonably be expected to impede, prevent or delay the consummation of the transactions contemplated by this Agreement; <u>provided</u> that this <u>Section 4.1(2)(f)</u> shall not prohibit any expenditure otherwise permitted pursuant to <u>Section 4.1(2)(l)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)adopt a plan of liquidation or resolutions providing for the liquidation, dissolution or winding up of the Company or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)amalgamate, merge or combine with any Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)enter into, or resolve to enter into, any agreement that has the effect of creating a joint venture, partnership, shareholders' agreement, profit-sharing arrangement, collaboration agreement or co-development agreement;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)reduce the stated capital of the shares of the Company or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)sell, pledge, lease or otherwise dispose of or transfer any assets, properties or businesses of the Company or of any of its Subsidiaries, or any interest therein, other than (i) sales of inventory in the Ordinary Course, (ii) sales, dispositions or transfers (A) having a value of less than US$10,000,000 individually or US$20,000,000 in the aggregate and (B) involving only assets, properties or businesses of the CAG Group and (iii) any pledges required to be made as collateral under the Credit Facility pursuant to an agreement or undertaking in effect on the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)make capital expenditures that in the aggregate exceed 110% of the Company's annual budget for the fiscal year ending December 31, 2023, as set forth on <u>Section 4.1(2)(l)</u> of the Company Disclosure Letter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)make (other than in the Ordinary Course), change or revoke any material Tax election, settle or compromise any material audit, claim, action, investigation, examination, assessment, deficiency, litigation, proceeding or proposed adjustment in respect of any Taxes, file any amended Tax Return, enter into any material agreement with a Governmental Entity with respect to Taxes, make or request any Tax ruling from a Governmental Entity with respect to material Taxes, surrender any right to claim a material Tax abatement, reduction, deduction, exemption, credit or refund, consent to the extension or waiver of the statutory period of limitations applicable to any material Tax matter (other than in the Ordinary Course), enter into any Tax indemnity agreement, Tax sharing agreement, Tax allocation agreement or similar Contract or arrangement (other than such commercial Contract entered into in the Ordinary Course the principal subject of which is not Taxes) (a "**Tax Sharing Agreement**"), or adopt, amend or change in any material respect any of its methods of reporting income and deductions, any Tax accounting period or any material Tax accounting method;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)incur, issue, redeem or prepay any Indebtedness, except for (i) drawings or repayments under the Credit Facility and local overdraft USD and GPD facilities and the replacement of existing surety bonds in each case in the Ordinary Course and (ii) any borrowings incurred in the Ordinary Course between the Company and any of its wholly owned Subsidiaries or between any of such wholly owned Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)make any loan or advance to, or any capital contribution or investment in, or assume, guarantee or otherwise become liable with respect to the liabilities or obligations of, any Person, except (i) any advance or other investment made by the Company to a customer in the Ordinary Course based on sales volume or purchase commitments (typically known as customer investments) and (ii) between the Company and any of its wholly owned Subsidiaries or between any of such wholly owned Subsidiaries, in each case in the Ordinary Course;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)enter into, amend, otherwise modify or terminate any Derivatives Transactions (or Contracts relating thereto), other than interest rate or currency hedges entered into, amended, otherwise modified or terminated in the Ordinary Course;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)make any material change in the Company's or any of its Subsidiaries' methods, policies or procedures of accounting, except as required by changes in GAAP after the date hereof or pursuant to orders of a Securities Authority;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)make any bonus or profit sharing distribution or similar payment of any kind, other than in accordance with an Employee Plan as in force as of the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)grant any general increase in the rate of wages, salaries, commissions, bonuses or other remuneration of any Company Employees other than as provided for in the Company's annual budget for the fiscal year ending December 31, 2023, as set forth on <u>Section 4.1(2)(s)</u> of the Company Disclosure Letter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)enter into, amend, increase or accelerate any severance, notice, termination, retention or change of control agreement with any director or Company Employee, other than the payment of severance or termination pay to Company Employees with base compensation less than $250,000 in the Ordinary Course and the entering into of severance agreements with Company Employees with base compensation less than $250,000 in the Ordinary Course.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)(i) adopt, enter into, amend or terminate any material Employee Plan; (ii) provide any material employee benefit to any director or Company Employee that is not required under the terms of any Contract or Employee Plan in effect on the date of this Agreement, other than non-cash benefits provided in the Ordinary Course; (iii) grant, accelerate, fund, secure, increase or otherwise amend any payment, award or other benefit payable to, or for the benefit of, any director or Company Employee other than as required by an Employee Plan as in effect as of the date hereof; (iv) hire any executive officer or promote any Company Employee to an executive officer position; or (v) terminate the employment of any executive officer of the Company other than for cause;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)enter into, amend or modify in any material respect any Collective Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)(i) enter into any settlement agreement or consent decree with any Governmental Entity or (ii) commence, cancel, settle or compromise any Action, except for (A) any settlement or compromise that results solely in monetary relief in an amount not greater than $500,000 individually or $5,000,000 in the aggregate or (B) any commencement, cancellation, settlement or compromise of any Action by the Company or its Subsidiaries for the collection of past due accounts receivable in the Ordinary Course, in the case of each of clauses (A) and (B), that (I) does not impose any material future restrictions or requirements on the Company or any of its Subsidiaries and (II) would not reasonably be expected to impede, prevent or delay the consummation of the transactions contemplated by this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)enter into, materially amend or modify, terminate or renew or extend (other than automatic renewals or extensions pursuant to the terms thereof) any existing Material Contract or Contract that if entered into prior to the date hereof would be a Material Contract, other than entry into, or amendment, modification, renewal or extension of, any Material Contracts of the type set forth in clauses (i), (ii), (vi), (vii), (x), (xi), (xiv), (xv) and (xvi) of the definition of "Material Contract", in each case in the Ordinary Course and not otherwise restricted by this <u>Section 4.1(2)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)except as contemplated in <u>Section 4.9</u> and except for scheduled renewals in the Ordinary Course, materially amend, modify or terminate any material insurance policy of the Company or any of its Subsidiaries in effect on the date of this Agreement, unless, concurrently with any such termination, replacement policies providing substantially equivalent coverage for substantially similar premiums are in full force and effect;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z)(i) acquire real or immovable property, other than acquisitions solely in the CAG Group on a per transaction or series of related transactions basis not in excess of US$5,000,000 individually or US$10,000,000 in the aggregate, or (ii) dispose of any Owned Property or other real or immovable property, other than dispositions having a cost or value on a per transaction or series of related transactions basis not in excess of US$5,000,000 individually or US$10,000,000 in the aggregate; <u>provided</u>, that this <u>Section 4.1(2)(z)</u> shall not prohibit any acquisition otherwise permitted pursuant to <u>Section 4.1(2)(f)</u> or any expenditure otherwise permitted pursuant to <u>Section 4.1(2)(l)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa)(i) sell, assign, license or transfer all or any portion of the Intellectual Property Rights owned by or exclusively licensed to the Company or any of its Subsidiaries, other than non-exclusive licenses in connection with the sale of products or services entered into in the Ordinary Course or (ii) abandon or cease to maintain any material Intellectual Property Rights owned by or exclusively licensed to the Company or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb)enter into, amend, modify or waive any provision of any Related Party Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cc)enter into any new line of business or abandon or discontinue any existing line of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dd)knowingly take any action or enter into any transaction (other than the transactions contemplated in this Agreement and the Plan of Arrangement) that could reasonably be expected to have the effect of materially reducing or eliminating the amount of the Tax cost "bump" pursuant to paragraphs 88(1)(c) and 88(1)(d) of the Tax Act in respect of the securities of any Subsidiaries of the Company and other non-depreciable capital property owned by the Company or any of its Subsidiaries on the date hereof, upon an amalgamation or winding up of the Company or any of its Subsidiaries or any of their respective successors; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ee)authorize, agree, resolve or otherwise commit, whether or not in writing, to do any of the foregoing.

(3)Without limiting the provisions of this Agreement, nothing in this Agreement is intended to allow the Parent or the Purchaser the right to control, directly or indirectly, the operations of the business of the Company or any of its Subsidiaries prior to the Effective Time.

**Section 4.2Covenants of the Company Relating to the Arrangement**

(1)Subject to the terms of this Agreement, the Company shall perform, and shall cause its Subsidiaries to perform, all obligations required to be performed by the Company or any of its Subsidiaries under this Agreement, cooperate in good faith with the Purchaser and the Parent in connection therewith and do all such other commercially reasonable acts and things as may be necessary or desirable in order to consummate and make effective, as soon as reasonably practicable, the Arrangement and the other transactions contemplated by this Agreement and, without limiting the generality of the foregoing, the Company shall, and, as applicable, shall cause its Subsidiaries to (other than in connection with obtaining the Regulatory Approvals, which shall be governed by <u>Section 4.4</u>):

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)use commercially reasonable efforts to satisfy all conditions precedent in this Agreement and take all steps set forth in the Interim Order and Final Order applicable to it and comply promptly with all requirements imposed by applicable Law on it or its Subsidiaries with respect to this Agreement or the Arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)use commercially reasonable efforts to obtain and maintain all third party or other consents, waivers, permits, clearances, exemptions, orders, approvals, agreements, authorizations, amendments or confirmations that are (i) necessary to be obtained under the Material Contracts in connection with the Arrangement or (ii) required in order to maintain the Material Contracts in full force and effect following completion of the Arrangement, in each case, on terms that are reasonably satisfactory to the Purchaser, and without paying or incurring, and without committing itself or the Purchaser to pay or incur, any consideration, liability or obligation, in each case without the prior written consent of the Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)use commercially reasonable efforts to effect all necessary registrations, filings and submissions of information required by Governmental Entities from it or its Subsidiaries in connection with or relating to the Arrangement or the other transactions contemplated by this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)promptly advise the Purchaser of any written communication from or claims brought by (or threatened to be brought by) any Person (other than a Company Shareholder or other Company Securityholder) in opposition to the Arrangement (except for non-substantive communications), and use commercially reasonable efforts, upon reasonable consultation with the Purchaser, to oppose, lift or rescind or otherwise have terminated any injunction, restraining or other order, decree, judgment or ruling seeking to restrain, enjoin or otherwise prohibit or adversely affect the consummation of the Arrangement and defend, or cause to be defended, any Actions to which it is a party or brought against it or its directors or officers challenging the Arrangement or this Agreement; <u>provided</u>, that neither the Company nor any of its Subsidiaries will consent to the entry of any judgment or settlement or other resolution with respect to any such Action without the prior written consent of the Purchaser (which consent shall not be unreasonably withheld, delayed or conditioned);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)not take any action, or fail to take any commercially reasonable action, which is inconsistent with this Agreement or which would reasonably be expected to prevent, materially delay or impede the consummation of the Arrangement or the other transactions contemplated by this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)use commercially reasonable efforts to assist in obtaining the resignations and mutual releases (in a form satisfactory to the Parties, acting reasonably) of each member of the Board and each member of the board of directors of the Company's Subsidiaries, and causing them to be replaced by Persons nominated by the Purchaser effective as of the Effective Time.

(2)Subject to applicable Law, the Company shall promptly notify the Purchaser in writing of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)any Material Adverse Effect or any change, event, occurrence, effect, state of facts or circumstance that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)any notice or other communication from any Person alleging that (i) the consent (or waiver, permit, clearance, exemption, order, approval, agreement, authorization, amendment or confirmation) of such Person (or another Person) is or may be required in connection with this Agreement or the Arrangement or (ii) such Person is terminating or otherwise materially modifying a Material Contract, or (iii) the transactions contemplated by this Agreement would result in a breach of a Material Contract;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)other than in connection with the Regulatory Approvals (which shall be governed by <u>Section 4.4</u>), any written notice or communication from any Governmental Entity in connection with this Agreement, the Arrangement or the other transactions contemplated by this Agreement (and, to the extent permitted by Law, promptly provide a copy of any such written notice or communication to the Purchaser); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)any Action commenced or, to its knowledge, threatened against, relating to or involving or otherwise affecting the Company, any of its Subsidiaries or its and their respective assets that relate to this Agreement or the Arrangement, in each case to the extent that such Action would reasonably be expected to impair, impede, materially delay or prevent the Company from performing its obligations under this Agreement.

(3)The Purchaser's receipt of information pursuant to <u>Section 4.2(2)</u> or otherwise shall not operate as a waiver (including with respect to Article 6), diminish the scope of, or otherwise affect any representation, warranty, covenant or agreement of the Company in this Agreement.

(4)The Company shall ensure that it has available (on hand or through capacity under the Credit Facility) funds to pay the Termination Fee, if payable.

**Section 4.3Covenants of the Purchaser and the Parent Relating to the Arrangement**

(1)Subject to the terms of this Agreement, each of the Purchaser and the Parent shall perform all obligations required to be performed by it under this Agreement, cooperate in good faith with the Company in connection therewith and do all such other commercially reasonable acts and things as may be necessary or desirable in order to consummate and make effective, as soon as reasonably practicable, the Arrangement and the other transactions contemplated by this Agreement and, without limiting the generality of the foregoing, each of the Purchaser and the Parent shall (other than in connection with obtaining the Regulatory Approvals, which shall be governed by <u>Section 4.4</u>):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)use commercially reasonable efforts to satisfy all conditions precedent in this Agreement and take all steps set forth in the Interim Order and Final Order applicable to it and comply promptly with all requirements imposed by applicable Law on it or its Subsidiaries with respect to this Agreement or the Arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)use commercially reasonable efforts to effect all necessary registrations, filings and submissions of information required by Governmental Entities from it in connection with or relating to the Arrangement or the other transactions contemplated by this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)use commercially reasonable efforts, upon reasonable consultation with the Company, to oppose, lift or rescind or otherwise have terminated any injunction, restraining or other order, decree, judgment or ruling seeking to restrain, enjoin or

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otherwise prohibit or adversely affect the consummation of the Arrangement and defend, or cause to be defended, any Actions to which it is a party or brought against it or its directors or officers challenging the Arrangement or this Agreement; provided, that neither the Parent, the Purchaser nor any of their Subsidiaries will consent to the entry of any judgment or settlement or other resolution with respect to any such Action without the prior written consent of the Company (which consent shall not be unreasonably withheld, delayed or conditioned); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)not take any action, or fail to take any commercially reasonable action, which is inconsistent with this Agreement or which would reasonably be expected to prevent, materially delay or impede the consummation of the Arrangement or the other transactions contemplated by this Agreement. In keeping with the foregoing, Purchaser and the Parent shall not acquire or agree to acquire (whether through merger, acquisition, consolidation, stock or asset purchase, or otherwise), any rights, assets, business, Person, or entity or division, unless that acquisition or agreement would not reasonably be expected to: (i) materially increase the risk of not obtaining the Regulatory Approvals necessary to consummate the Arrangement or the other transactions contemplated by this Agreement or the expiration or termination of any waiting period applicable to the transactions contemplated by this Agreement under any Antitrust Laws; (ii) materially increase the risk of any Governmental Entity enacting, issuing, promulgating, enforcing, or entering any Law or Order which is in effect and which prohibits or makes illegal the consummation of the Arrangement or the other transactions contemplated by this Agreement, as governed by <u>Section 6.1(5)</u>; or (iii) materially delay, or prevent, the Effective Time.

(2)Subject to applicable Law, the Parent and the Purchaser shall promptly notify the Company in writing of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)any notice or other communication from any Person alleging that the consent (or waiver, permit, clearance, exemption, order, approval, agreement, authorization, amendment or confirmation) of such Person (or another Person) is required in connection with this Agreement or the Arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)other than in connection with the Regulatory Approvals (which shall be governed by <u>Section 4.4</u>), any written notice or communication from any Governmental Entity in connection with this Agreement, the Arrangement or the other transactions contemplated by this Agreement (and, to the extent permitted by Law, promptly provide a copy of any such written notice or communication to the Company); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)any Action commenced or, to its knowledge, threatened against, relating to or involving or otherwise affecting the Parent or the Purchaser to the extent that such Action would reasonably be expected to impair, impede, materially delay or prevent the Parent or the Purchaser, as applicable, from performing its obligations under this Agreement.

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**Section 4.4Regulatory Approvals**

(1)Each Party shall file any filings, notifications or submissions (or drafts thereof) as are required or advisable pursuant to any applicable Antitrust Laws as soon as reasonably practicable and as specified herein:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(i) the Purchaser shall file with the Commissioner of Competition a submission requesting that an ARC be issued or, in the alternative, that the Commissioner of Competition issue a No Action Letter in respect of the transactions contemplated by this Agreement (the "**Canadian Competition Submission**"), no later than twenty (20) Business Days after the date hereof, and (ii) the Purchaser and the Company shall each file with the Commissioner of Competition the notice and information required under subsection 114(1) of the Competition Act no later than ten (10) Business Days after the filing of the Canadian Competition Submission, in each case, unless the Parties mutually agree otherwise, including on a different date for such filings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Purchaser will file with the Minister (i) an application for review pursuant to Part IV of the ICA (the "**ICA Application**") no later than twenty (20) Business Days after the date hereof, and (ii) draft written undertakings in respect of the transactions contemplated by this Agreement no later than twenty (20) Business Days after the date of the submission of the ICA Application, in each case, unless the Parties mutually agree on a different date for such filings;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Parent and the Company shall each file, or cause to be filed, their respective notification and report form pursuant to the HSR Act with respect to the transactions contemplated by this Agreement no later than ten (10) Business Days after the date hereof, unless the Parties mutually agree on a different date for such filings; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Parent and the Purchaser shall file with the CMA (i) a draft merger notice no later than ten (10) Business Days after the date hereof, and (ii) a draft undertaking and offer in accordance with the CMA Remedies Form and the Template Undertakings in Lieu of Reference (Version 28 October 2015) to make the UK Divestment in lieu of a CMA Phase 2 reference for purposes of Section 73(2) of the Enterprise Act 2002 (the "**UK Divestment Undertaking**") (provided that the Parent and the Purchaser shall not be required to offer a Buyer Upfront Condition in this initial offer) no later than five (5) Business Days after the submission of the draft merger notice, unless the Parties mutually agree on a different date for such filings; provided that, notwithstanding anything to the contrary herein, the Parent's and the Purchaser's obligation to file a draft merger notice and UK Divestment Undertaking pursuant to this Section 4.4(1)(d) shall only apply insofar as the Company has expeditiously provided all information reasonably requested by the Parent and the Purchaser for purposes of preparing the draft merger notice and the UK Divestment Undertaking. If the Parent and the Purchaser fail to offer the UK Divestment Undertaking to the CMA pursuant to this Section 4.4(1)(d), the Company shall have the option to itself offer the UK Divestment Undertaking no earlier than fifteen (15) Business Days after the submission of the draft merger notice and only after providing Parent with two (2) Business Days written notice of its intent to exercise such option.

(2)The Parties shall cooperate in good faith in using their respective reasonable best efforts to obtain the Regulatory Approvals, including providing or submitting on a timely basis, and as promptly as practicable, all documentation and information that is required, or that

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the Purchaser, acting reasonably, determines to be advisable, and shall cooperate in the preparation and submission of all applications, notices, filings, and submissions to Governmental Entities. Subject to the covenants and obligations contained herein, including for avoidance of doubt <u>Section 4.4(6)</u>, the Parent and the Purchaser shall control and have the final and ultimate authority over strategic or tactical decisions in relation to the Regulatory Approvals, including with respect to any UK Divestment, it being agreed that the Parent and the Purchaser shall consider in good faith the views of the Company and its counsel.

(3)Subject to <u>Section 4.4(4)</u>, and to the extent permitted by applicable Law, each Party shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)promptly inform the other Parties of any communication received by that Party relating to the Regulatory Approvals or any filings, notifications or submissions in connection therewith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)use reasonable best efforts to respond promptly to any request or notice from any Governmental Entity requiring the Parties, or any one of them, to supply additional information that is relevant to the review of the transactions contemplated by this Agreement in connection with the Regulatory Approvals or any filings, notifications or submissions in connection therewith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)permit the other Party to review in advance any proposed communications, applications, notices, filings or submissions to Governmental Entities (including responses to requests for information and inquiries from any Governmental Entity) in connection with the Regulatory Approvals or any filings, notifications or submissions in connection therewith, and provide the other Parties a reasonable opportunity to comment thereon and consider in good faith any comments proposed thereby;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)promptly provide the other Party with any filed copies of applications, notices, filings and submissions (including responses to requests for information and inquiries from any Governmental Entity) that were submitted to a Governmental Entity in connection with the Regulatory Approvals or any filings, notifications or submissions in connection therewith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)not participate in any meeting or discussion (whether in person, by telephone or otherwise) with Governmental Entities in connection with the Regulatory Approvals or any filings, notifications or submissions in connection therewith unless it consults with the other Parties in advance and gives the other Parties or their legal counsel the opportunity to attend and participate thereat, unless a Governmental Entity requires otherwise; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)keep the other Parties promptly informed of the status of discussions with Governmental Entities in connection with the Regulatory Approvals or any filings, notifications or submissions in connection therewith.

(4)Notwithstanding any other requirement in this <u>Section 4.4</u>, where a Party (a "**Disclosing Party**") is required under this <u>Section 4.4</u> to provide information to another Party (a "**Receiving Party**") that the Disclosing Party deems to be competitively sensitive information or otherwise reasonably determines in respect thereof that disclosure should be restricted, the Disclosing Party may restrict the provision of such competitively sensitive and other information only to external legal counsel of the Receiving Party; <u>provided</u>, that the Disclosing Party also provides the Receiving Party a redacted version

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of such information which does not contain any such competitively sensitive or other restricted information.

(5)The Parties shall use their respective reasonable best efforts to obtain the Regulatory Approvals as soon as reasonably practicable after the date hereof; <u>provided</u>, <u>however</u>, that notwithstanding anything to the contrary herein, (a) the Parent, the Purchaser and their affiliates shall not be required to (i) offer, commit or agree to modify, amend or terminate any contracts ("**Contract Modifications**") or (ii) offer, commit or agree to, or effect, any divestitures, sales, hold separates, conditions, obligations, terms, undertakings or behavioural requirements as a basis for obtaining, or otherwise in connection with, any Regulatory Approvals (A) except for (x) the UK Divestment Undertaking, including for the avoidance of doubt, providing any hold separate required by the CMA prior to completion of the Arrangement and (y) Contract Modifications and divestitures or sales of assets and properties of the Company's FinishMaster business in the United States that are, in the aggregate, immaterial to the Company's FinishMaster business in the United States, taken as a whole, or (B) that are not conditioned upon the consummation of the transactions contemplated by this Agreement, and (b) with respect to any action of the type referred to in the foregoing clause (a)(i) or (a)(ii) (including in respect of the UK Divestment), the Company (i) shall not, and shall cause its Subsidiaries, not to take any such action without the Parent's prior written consent unless the Company is exercising its right to offer the UK Divestment Undertaking, subject to its notice obligations, under <u>Section 4.4(1)(d)</u>, and (ii) shall, and shall cause its Subsidiaries to, take any such action at the direction of the Parent or the Purchaser, provided that any such divestiture, sale or hold separate is conditioned upon the consummation of the transactions contemplated by this Agreement.

(6)Notwithstanding anything to the contrary herein, with regard to the CMA Approval, the Parent and the Purchaser shall (x) use their reasonable best efforts to obtain the CMA Approval as soon as reasonably practicable and (y) in furtherance of the foregoing, agree and commit to sell, divest, hold separate and otherwise dispose of 100% of the issued share capital of the Company UK Business (the "**UK Divestment**"). In furtherance of the foregoing: 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Parent and the Purchaser agree that, at the same time as filing a draft merger notice with the CMA, the Parent and the Purchaser shall (i) indicate to the CMA that the Parent and the Purchaser shall submit the UK Divestment Undertaking in accordance with <u>Section 4.4(1)(d)</u> and (ii) request a fast track of the CMA's Phase 1 merger review process on that basis. At the point at which the Parent and the Purchaser offer the UK Divestment Undertaking to the CMA, the Parent and the Purchaser shall provide to the CMA all such information within their knowledge or control about the terms of the UK Divestment (based on the information that has been provided by the Company) to demonstrate as far as possible that the UK Divestment is clear cut, comprehensive, effective and capable of ready implementation. The Parent and the Purchaser further agree to perform all obligations contained in the Undertakings in Lieu of Reference approved by the CMA under section 73(2) of the Enterprise Act 2002.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Parties shall jointly engage in discussions with the CMA on the UK Divestment and the UK Divestment Undertaking so to achieve CMA Approval in the CMA Phase 1 process. In the event that the CMA imposes a Buyer Upfront Condition, this shall include (i) identification by the Parent and the Purchaser to the CMA as soon as reasonably practicable following the CMA's provisional approval of any undertakings given in lieu of a reference under section 33 of the Enterprise Act 2002 of a buyer for the Company UK Business that is suitable

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according to the CMA's standard criteria; (ii) the Parent and the Purchaser expeditiously preparing for submission on request from the CMA a proposed timetable setting out key milestones that aim to achieve the UK Divestment within any period required by the CMA; (iii) the Parent and the Purchaser expeditiously submitting to the CMA all agreed draft transaction agreements in respect of the UK Divestment or other information the CMA may require within any deadline, or reasonable extensions thereof, set by the CMA; (iv) reasonable best efforts by the Parent and the Purchaser to obtain CMA approval for a buyer of the Company UK Business that is considered suitable by the Parent, the Purchaser and the CMA (and any related agreement, deed or other instrument relating to the disposal of the Company UK Business to such buyer) as soon as reasonably practicable (and in any case within ninety (90) Business Days of the CMA's provisional approval of any undertakings given in lieu of a reference under section 33 of the Enterprise Act 2002); (v) the Parent and the Purchaser and the Company providing any required reports to the CMA on the progress of the UK Divestment process, including promptly informing the CMA of key milestones regarding the disposal process for the UK Divestment, such as the date when the heads of terms have been signed and/or the transaction agreements with a buyer have been agreed for the UK Divestment and the final disposal of the UK Divestment has been completed; and (vi) the Parent and the Purchaser, at the direction of the CMA, appointing monitoring trustees, divestiture trustees or hold separate trustees to the extent required by the CMA for purposes of implementing the UK Divestment Undertaking.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Parent and the Purchaser shall commence, including by working to engage advisors, identify potential buyers (in consultation with the Company pursuant to this Section) and prepare materials for potential bidders, as soon as reasonably practicable after the date hereof, and in any event within fifteen (15) Business Days of the date hereof, and conduct a sales process of the Company UK Business, including working with the Company to identify potential buyers for the Company UK Business which are reasonably likely to be considered by the CMA as acceptable buyers for the purpose of the CMA accepting the UK Divestment Undertaking, and negotiating terms and definitive documentation for such sale. The Company shall fully cooperate with, and provide all reasonable support requested by, the Parent and the Purchaser in preparing the Company UK Business for the UK Divestment, and to effect the sales process and to facilitate such negotiations, including supporting any due diligence and responding to any reasonable information requests as soon as reasonably practicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)All third-party costs and fees associated with the conduct of the sales process of the Company UK Business shall be borne by the Parent and the Purchaser, provided, however, that the Company shall not retain any third party to assist with or incur any third-party costs associated with the sale of the Company UK Business without the prior written consent of Parent.

(7)Notwithstanding anything to the contrary herein, in fulfilling their obligations under this Agreement with respect to the ICA Approvals, the reasonable best efforts of the Purchaser and the Parent shall require the Purchaser and the Parent to (a) negotiate in good faith with the Minister or other relevant Governmental Entity and (b) agree to (and only to) undertakings (or to similar commitments in any order under section 25.4(1)(b) of the ICA) that (i) are customary and reasonable for transactions similar to those contemplated by this Agreement, taking into account the nature of the business conducted by the Company and its Subsidiaries, (ii) are not, in the aggregate, material (with materiality measured based upon the earnings before interest, taxes, depreciation and

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amortization of the CAG Group for the year ended December 31, 2022) and (iii) are conditioned upon the consummation of the transactions contemplated by this Agreement. Notwithstanding anything to the contrary herein, in no event shall the Company or any of its Subsidiaries state, suggest, propose, agree or commit to any such undertaking or undertakings (or similar commitments) without the prior written consent of the Parent.

**Section 4.5Access to Information; Confidentiality**

(1)From the date hereof until the earlier of the Effective Time and the termination of this Agreement, subject to applicable Law, the Company shall, and shall cause its Subsidiaries to, upon reasonable prior notice: (a) give the Purchaser and the Parent and their respective officers, employees, advisors, affiliates and representatives reasonable access during normal business hours to its and its Subsidiaries' assets, properties, Contracts and books and records; and (b) furnish to the Purchaser and the Parent and their respective officers, employees, advisors and representatives such financial and operating data and other information and documents, including with respect to the personnel, assets, liabilities, properties and businesses of the Company and its Subsidiaries as the Purchaser, Parent or their representatives may reasonably request. Without limiting the foregoing, (x) the Purchaser and the Parent and their respective officers, employees, agents, advisors, representatives and lenders and potential lenders shall, upon reasonable prior notice, have the right to conduct inspections of each of the Owned Properties and Leased Properties, (y) the Company shall, upon either of the Parent's or the Purchaser's request, facilitate discussions between the Parent or the Purchaser and any third party from whom consent may be required and (z) the Company shall keep the Purchaser reasonably informed of the status of any ongoing collective bargaining negotiations with any union between the date of this Agreement and the Effective Time, including providing the Purchaser with copies of all material documents tabled by either party in the course of collective bargaining negotiations.

(2)Notwithstanding anything to the contrary herein, prior to issuing any broad-based written communications to the Company Employees or to the Company's wholesalers or distributors (excluding any such communications not issued in connection with the Arrangement or the other transactions contemplated herein), the Purchaser and Parent shall consult with the Company and obtain the Company's consent (not to be unreasonably withheld, conditioned or delayed).

(3)Investigations made by or on behalf of the Purchaser or the Parent, whether under this <u>Section 4.5</u> or otherwise, will not waive, diminish the scope of, or otherwise affect any representation or warranty made by the Company in this Agreement.

(4)This <u>Section 4.5</u> shall not require the Company or its Subsidiaries to permit any access, or to disclose any information that in the reasonable good faith judgment of the Company, after consultation with outside legal counsel, is likely to (a) result in the disclosure of any trade secrets of third parties, (b) violate any obligation of the Company or its Subsidiaries with respect to confidentiality, non-disclosure or privacy that was entered into in the Ordinary Course and is in effect on the date of this Agreement, (c) result in loss of protections afforded to the Company or its Subsidiaries under the attorney-client privilege or attorney work product doctrine or (d) violate any applicable Law; <u>provided</u>, in each case, that the Company shall cooperate with the Parent and the Purchaser in seeking to find a way to allow disclosure of any such information to the extent possible without causing the effect set forth the applicable clause (a), (b), (c) or (d), including through the use of customary "clean-room" arrangements.

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(5)Each Party acknowledges that (a) the Confidentiality Agreement continues to apply and shall remain in full force and effect in accordance with its terms and conditions, and (b) any information provided under <u>Section 4.5(1)</u> above that is non-public and/or proprietary in nature shall be subject to the terms of the Confidentiality Agreement; provided that to the extent any provision of the Confidentiality Agreement conflicts with the terms of this Agreement, the terms of this Agreement shall prevail. For greater certainty, if this Agreement is terminated in accordance with its terms, any obligations of the Parties and their respective representatives under the Confidentiality Agreement shall survive the termination of this Agreement in accordance with the terms of the Confidentiality Agreement.

**Section 4.6Pre-Acquisition Reorganization**

(1)Subject to Section 4.6(2), the Company agrees that, upon request of the Purchaser, the Company shall, and shall cause its Subsidiaries to, use commercially reasonable efforts to (a) perform such reorganizations of the Company's or its Subsidiaries' corporate structure, capital structure, business, operations, assets or liabilities, or such other transactions, as the Purchaser may request, acting reasonably (each a "**Pre-Acquisition Reorganization**"), (b) cooperate with the Purchaser and its advisors to determine the nature of the Pre-Acquisition Reorganization that might be undertaken and the manner in which they would most effectively be undertaken and (c) cooperate with the Purchaser and its advisors to seek to obtain consents or waivers which might be required from any Governmental Entities or third parties (including the Company's lenders under the Credit Facility) in connection with the Pre-Acquisition Reorganization, if any, <u>provided</u>, that any fees, costs and expenses associated therewith or incidental thereto shall be at the Purchaser's sole expense.

(2)The Company will not be obligated to participate (or to cause its Subsidiaries to participate) in any Pre-Acquisition Reorganization under Section 4.6(1) unless such Pre-Acquisition Reorganization:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)does not unreasonably interfere with the ongoing operations of the Company or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)can be reversed or unwound in the event the Arrangement does not become effective without unreasonably adversely affecting the Company, its Subsidiaries or the Company Securityholders in any material manner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)is not prejudicial to the Company, its Subsidiaries or the Company Securityholders in any material manner;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)does not impair the ability of the Company, the Purchaser or the Parent to consummate, and will not delay the consummation of, the Arrangement (including the receipt of any Regulatory Approvals or the satisfaction of any conditions set forth in <u>Article 6</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)does not result in a change of control, default, or acceleration of the Credit Facility, the Debentures or other Contract of the Company providing for the incurrence of Indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)does not require the Company to obtain the approval of any Company Securityholders or the Court;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)is effected as closely as reasonably practicable prior to the Effective Time;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)does not require the Company or its Subsidiaries to take any action that could reasonably be expected to result in any Taxes being imposed on, or any adverse Tax consequences to, any Company Securityholders in excess of the Taxes or other consequences to such Person in connection with the completion of the Arrangement in the absence of such action being taken pursuant to this <u>Section 4.6</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)does not require the Company or its Subsidiaries to take any action that would breach, conflict with or violate any Constating Documents of the Company or any of its Subsidiaries as in effect on the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)does not require any director, officer, member, partner, accountant, legal counsel, employee or other Representative of the Company or any of its Subsidiaries to take any action that would reasonably be expected to result in such Person incurring personal liability; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)does not result in any material breach by the Company or any of its Subsidiaries of any Material Contract or any breach by the Company or any of its Subsidiaries of applicable Law, or require any consent or waiver from Governmental Entities that has not been obtained prior to the Effective Time.

(3)The Purchaser shall provide written notice to the Company of any proposed Pre-Acquisition Reorganization (which notice will include reasonable detail regarding all material steps and transactions with respect to such Pre-Acquisition Reorganization) as far in advance of the anticipated Effective Time as reasonably practicable, but in any event at least fifteen (15) Business Days prior to the anticipated Effective Date. Upon receipt of such notice, the Company and the Purchaser shall work cooperatively and use commercially reasonable efforts to prepare, prior to the Effective Time, all documentation necessary, and do such other acts and things as are necessary, to give effect to such Pre-Acquisition Reorganization, including any amendment to this Agreement or the Plan of Arrangement (<u>provided</u>, that such amendments do not require the Company to obtain approval of any of the Company Securityholders or the Court).

(4)If the Arrangement is not completed (other than as a result of termination pursuant to <u>Section 7.2(1)(d)(i)</u>), the Purchaser and the Parent shall (i) forthwith reimburse the Company for all direct and indirect reasonable out-of-pocket costs and expenses and Taxes incurred in connection with any proposed Pre-Acquisition Reorganization, including any reasonable costs and Taxes incurred by the Company in order to reverse (where such reversal is determined by the Company to be necessary, acting reasonably) the Pre-Acquisition Reorganization; and (ii) indemnify the Company, its affiliates, and their respective officers, directors and employees (to the extent that such officers, directors and employees are assessed with statutory liability therefor) for all direct and indirect liabilities, losses, Taxes, damages, claims, costs, expenses, interest awards, judgements and penalties suffered or incurred by any of them in connection with or as a result of any Pre-Acquisition Reorganization (other than those costs and expenses reimbursed in accordance with the foregoing clause (i)).

(5)The Purchaser and the Parent agree that any Pre-Acquisition Reorganization undertaken by the Company pursuant to and in accordance with this <u>Section 4.6</u> (as requested by Purchaser (and without limiting the limitations) under this <u>Section 4.6</u>)) will not be considered in determining whether a representation, warranty or covenant of the Company under this Agreement has been breached.

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**Section 4.7Public Communications**

The Parties shall cooperate in the preparation of presentations, if any, to the Company Securityholders regarding the Arrangement. The Parent and the Company shall (a) consult with each other before issuing any press release or making any other public statement or disclosure with respect to this Agreement, the Arrangement or the other transactions contemplated hereby and (b) not, except as expressly contemplated in <u>Section 2.4</u> or as expressly permitted by and made in compliance with <u>Article 5</u> in connection with a Change in Recommendation, or as required by applicable Law or any listing agreement with, or rule or regulation of, any national securities exchange or association (including the TSX) (in which case, to the extent permitted by applicable Law, the Party making such disclosure shall give the other Parties a reasonable opportunity to review and comment on such disclosure in advance and shall consider in good faith any comments made by the other Parties), issue any such press release or make any such public statement or disclosure without the prior written consent of the other Parties (not to be unreasonably withheld, conditioned or delayed), except the case of each of clauses (a) and (b) to the extent that the information regarding this Agreement, the Arrangement and the other transactions contemplated hereby that is contained in such press release, public statement or disclosure is consistent with information previously issued publicly or made public in accordance with this <u>Section 4.7</u>.

**Section 4.8Notice and Cure Provisions**

(1)Each Party shall promptly notify the other Parties of the occurrence, or failure to occur, of any event or state of facts which occurrence or failure would, or would be reasonably likely to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)cause the breach of any of the representations or warranties of such Party contained in this Agreement such that the condition in <u>Section 6.2(1)</u> or <u>Section 6.3(1)</u>, as applicable, would not be satisfied on the Effective Time; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)result in the failure, in any material respect, to comply with or satisfy any covenant or agreement contained in this Agreement to be complied with or satisfied by such Party such that the condition in <u>Section 6.2(2)</u> or <u>Section 6.3(2)</u>, as applicable, would not be satisfied on the Effective Time.

(2)Notification provided under this <u>Section 4.8</u> will not affect the representations, warranties, covenants and agreements of the Parties (or remedies with respect thereto) or the conditions to the obligations of the Parties under this Agreement.

(3)The Parent and the Purchaser may not terminate this Agreement pursuant to <u>Section 7.2(1)(d)(i)</u>, and the Company may not terminate this Agreement pursuant to <u>Section 7.2(1)(c)(i)</u>, unless the Party seeking to terminate the Agreement (the "**Terminating Party**") has delivered a written notice ("**Termination Notice**") to the other Party (the "**Breaching Party**") indicating that the Terminating Party intends to terminate this Agreement and the reason therefor. After delivering a Termination Notice, the Terminating Party may not terminate this Agreement until the earlier of (a) the Outside Date and (b) the date that is fifteen (15) Business Days following delivery of such Termination Notice to the Breaching Party, if such breach has not been cured by such date; <u>provided</u>, that the Terminating Party shall be entitled to terminate this Agreement immediately upon such time as such breach is not capable of being cured by the Outside Date. If the Parent delivers a Termination Notice prior to the date of the Company Meeting, the Parent and the Purchaser may require the Company to postpone or adjourn the Company Meeting to the earlier of (i) five (5) Business Days prior to the

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Outside Date and (ii) the date that is fifteen (15) Business Days following delivery of such Termination Notice to the Breaching Party.

**Section 4.9Insurance and Indemnification**

(1)Prior to the Effective Date, the Company shall, in consultation with the Parent, purchase customary "tail" policies of directors' and officers' liability insurance providing protection no less favourable in the aggregate than the protection provided by the policies maintained by the Company and its Subsidiaries that are in effect immediately prior to the Effective Date and providing protection in respect of claims arising from facts or events that occurred on or prior to the Effective Date; <u>provided</u>, that the cost of such policies shall not exceed 350% of the Company's and its Subsidiaries' most recent annual aggregate premium prior to the date hereof for policies currently maintained by the Company and its Subsidiaries as set forth in <u>Section 4.9(1)</u> of the Company Disclosure Letter. The Purchaser will, or will cause the Company to, maintain such tail policies in effect without any reduction in scope or coverage for six (6) years from the Effective Date.

(2)The Company and the Purchaser shall honour, and the Parent shall cause the Company and its Subsidiaries to honour, all rights to indemnification or exculpation now existing in favour of present and former employees, officers and directors of the Company and its Subsidiaries set forth on <u>Section 4.9(2)</u> of the Company Disclosure Letter, and acknowledges that such rights shall survive the completion of the Plan of Arrangement and shall continue in full force and effect in accordance with their terms for a period of not less than six (6) years from the Effective Date. The provisions of this <u>Section 4.9</u> shall be binding, solidarily, on all successors of the Parent, the Purchaser, the Company and its Subsidiaries.

(3)If the Company or any of its Subsidiaries or any of their respective successors or assigns (i) consolidates or amalgamates with or merges or liquidates into any other Person and is not a continuing or surviving corporation or entity of such consolidation, amalgamation, merger or liquidation, or (ii) transfers all or substantially all of its properties and assets to any Person, the Purchaser and the Parent shall ensure that any such successor or assign (including, as applicable, any acquirer of substantially all of the properties and assets of the Company or its Subsidiaries) assumes all of the obligations set forth in this <u>Section 4.9</u>.

**Section 4.10Tax Election**

Notwithstanding anything to the contrary in this Agreement or the Plan of Arrangement, for the absence of doubt, the Parent and the Purchaser may make, or cause their respective affiliates (including on and after the Effective Date, the Company and its Subsidiaries) to make, any elections under Section 338(g) of the Code or paragraph 88(1)(d) or 111(4)(e) of the Tax Act (or, in each case, any similar provision under applicable Law) with respect to the acquisition of the Company and its Subsidiaries pursuant to this Agreement as the Parent and the Purchaser deem appropriate in their sole discretion. The Company and its Subsidiaries shall not knowingly take any action inconsistent with such election.

**Section 4.11TSX De-Listing**

Subject to applicable Law, prior to the Effective Time, the Company shall use commercially reasonable efforts to cause the Company Shares to be delisted from the TSX as promptly as practicable following the Effective Time. In furtherance of the foregoing, each of the Parties agrees to cooperate with the other Parties in taking, or causing to be taken, all reasonable

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actions necessary to enable (a) delisting of the Company Shares from the TSX (including, if reasonably requested by the Purchaser or the Parent, such items as may be necessary to delist the Company Shares promptly after the Effective Date) and (b) the Company ceasing to be a reporting issuer under applicable Securities Laws.

**Section 4.12Employment Matters.**

(1)Unless otherwise agreed in writing between the Parties, for a period of one (1) year from the Effective Date, the Parent and the Purchaser covenant and agree, and after the Effective Time will cause the Company and any successor to the Company to covenant and agree that the Company Employees, unless their employment is terminated, shall be provided with compensation not less than, and benefits that are, in the aggregate, no less favourable than, those provided to such Company Employees immediately prior to the Effective Time, in accordance with applicable Law.

(2)The Parent and the Purchaser covenant and agree, and after the Effective Time will cause the Company and any successor to the Company, to honour and comply in all material respects with the terms of all existing employment, indemnification, change in control, severance, termination or other compensation agreements and employment and severance obligations of the Company or any of its Subsidiaries and all obligations of the Company and its Subsidiaries under the Employee Plans.

(3)Notwithstanding anything in this <u>Section 4.12</u> to the contrary, the terms of this <u>Section 4.12</u> shall not apply to any Company Employee who is covered by a Collective Agreement and, instead, the terms and conditions of employment of each such Company Employee following the Effective Time shall be governed by the terms of the applicable Collective Agreement.

(4)Nothing in this <u>Section 4.12</u> expressed or implied, shall be construed (a) to reduce the legal or contractual obligations the Parent, the Purchaser, the Company or any of their respective Subsidiaries towards any Company Employee, (b) to limit the right of Parent, Purchaser, the Company or any of their Subsidiaries to amend or terminate any Employee Plan, (c) to create a right in any Company Employee to employment with the Parent, the Purchaser, the Company or any of their respective Subsidiaries, or to interfere with or restrict in any way the rights of the Parent or any of its affiliates, which rights are hereby expressly reserved, to discharge or terminate the services of any Company Employee at any time for any reason whatsoever, with or without cause, or (d) to create any third party rights, benefits or remedies of any nature whatsoever in any Company Employee (or any beneficiaries or dependents thereof) or any other Person that is not a party to this Agreement.

**Section 4.13Financing**

(1)In furtherance (and not in limitation) of the payment obligations of the Parent and the Purchaser hereunder, including <u>Section 2.9</u>, Parent shall use its reasonable best efforts to take, or cause to be taken, all actions and do, or cause to be done, all things necessary to obtain the proceeds of the Financing on the terms and conditions described in the Debt Commitment Letter on or prior to the date upon which the Effective Time is required to occur pursuant to the terms hereof, in each case to the extent the proceeds thereof are required to consummate the transactions contemplated by this Agreement, including by using reasonable best efforts to (a) maintain in effect the Debt Commitment Letter (<u>provided</u>, that the Commitment Letter may be amended, modified, waived or replaced as set forth below), (b) negotiate and enter into definitive agreements with respect to the Financing (the "**Definitive Debt Agreements**") on the terms and conditions contained

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therein (including, as necessary, the "flex" provisions contained in any related fee letter) (or with conditions, taken as a whole, no less favorable to Parent than the conditions in the Debt Commitment Letter as in effect as of the date hereof) and (c) satisfy on a timely basis (or obtain a waiver of) all conditions to funding in the Debt Commitment Letter and the Definitive Debt Agreements and comply with its obligations thereunder that are applicable to it and that are within its control. Without limiting the generality of the foregoing, in the event that all conditions contained in <u>Article 6</u> (except those that, by their nature, are to be satisfied at the Effective Time; provided that such conditions would be so satisfied as of such date) have been satisfied or waived, and all of the conditions in the Debt Commitment Letter or the Definitive Debt Agreements (other than the effectiveness of the Arrangement) have been satisfied, Parent shall use its reasonable best efforts to consummate the Financing, to the extent the proceeds thereof are required to consummate the transactions contemplated by this Agreement.

(2)Parent shall not, without the prior written consent of the Company (such consent not to be unreasonably withheld, conditioned or delayed), permit any amendment or modification to, or any waiver of any provision or remedy under, or any replacement of, the Debt Commitment Letter or the Definitive Debt Agreements if such amendment, modification, waiver or replacement: (a) adds new (or adversely modifies any existing) conditions to the consummation of all or any portion of the Financing in a manner that would reasonably be expected to prevent, impede or delay the consummation of the Arrangement and the other transactions contemplated by this Agreement, (b) reduces the amount of the Financing to an amount that, together with the Parent's and its Subsidiaries' cash on hand and other committed financing, would be as of such date and as of the Effective Time less than the amount required to consummate the transactions contemplated by this Agreement, (c) materially adversely affects the ability of Parent to enforce its rights against other parties to the Debt Commitment Letter or the Definitive Debt Agreements as so amended, replaced, supplemented or otherwise modified, relative to the ability of Parent to enforce its rights against the other parties to the Debt Commitment Letter as in effect on the date hereof or (d) would otherwise reasonably be expected to prevent, impede or delay the consummation of the Arrangement and the other transactions contemplated by this Agreement; provided, that notwithstanding the foregoing, (x) Parent may amend or amend and restate the Debt Commitment Letter to add lenders, lead arrangers, book runners, syndication agents or similar entities who had not executed the Debt Commitment Letter as of the date hereof and provide for the assignment of a portion of the Financing commitments thereunder to additional lenders and (y) upon any such amendment, supplement, replacement or modification, the terms "Debt Commitment Letter" and "Definitive Debt Agreements" shall mean the Debt Commitment Letter or Definitive Debt Agreements, as applicable, as so amended, replaced, supplemented or modified. Parent shall promptly deliver to the Company copies of any such amendment, modification, waiver or replacement.

(3)Parent shall have the right to obtain alternative sources of financing in lieu of all or a portion of the Financing (a "**Substitute Financing**"); provided that such Substitute Financing comply with the requirements set forth in <u>Section 4.13(2)</u>. For the purposes of this Agreement, references to "**Financing**" shall include any Substitute Financing obtained in accordance with this <u>Section 4.13(3)</u> and "**Debt Commitment Letter**" and "**Definitive Debt Agreements**" shall be deemed to include, respectively, such documents entered into with respect to any Substitute Financing arranged in compliance herewith.

(4)Parent shall keep the Company reasonably informed on a regular basis of the status of the Financing, including any Substitute Financing. Without limiting the generality of the foregoing, Parent shall provide the Company with prompt notice of any actual or written

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threat of breach, default, termination or repudiation by any party to the Debt Commitment Letter or any Definitive Debt Agreement.

(5)Each of the Parent and the Purchaser hereby acknowledges and agrees that obtaining the Financing or any other debt, equity or other financing is not a condition to the consummation of the Arrangement.

**Section 4.14Financing Cooperation**

(1)Prior to the Effective Time, the Company shall, and shall cause its Subsidiaries to, use its and their reasonable best efforts to provide customary cooperation, as may be reasonably requested by the Parent in connection with the Financing, including using its and their reasonable best efforts with respect to the following items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)complying with the requirements under applicable Securities Laws to file audited consolidated financial statements prepared in accordance with GAAP in respect any fiscal year ended prior to the Effective Date and unaudited condensed interim consolidated financial statements prepared in accordance with GAAP in respect any interim period ended prior to the Effective Date, within the period prescribed by applicable Securities Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)furnishing to the Parent such information regarding the Company and its Subsidiaries as is reasonably requested in writing by the Parent in connection with the preparation of customary offering, rating agency and marketing documents (and any supplements thereto) with respect to the Financing (including a customary authorization letter by the chief financial officer (or other similar financial officer) of the Company in connection with confidential information memoranda authorizing the distribution of information to prospective lenders and identifying any portion of such information that constitutes material, nonpublic information regarding the Company or its Subsidiaries or their respective securities);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)reasonably cooperating with customary due diligence processes (including accounting due diligence) as reasonably requested by the Parent or the Financing Entities, including participating in a reasonable number of due diligence sessions, and cooperating with the customary marketing efforts of the Parent as reasonably requested by the Parent, in each case, in connection with any Financing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)promptly furnishing Parent and the Financing Entities, at least three (3) Business Days prior to the Effective Time, with all documentation and other information about the Company and its Subsidiaries as is reasonably requested by Parent or the Financing Entities and required pursuant to applicable "know your customer" and anti-money laundering rules and regulations, including the USA PATRIOT Act and the requirements of 31 C.F.R. § 1010.230, to the extent requested in writing at least eight (8) Business Days prior to the Effective Time; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)reasonably cooperating with the Parent's legal counsels in connection with due diligence relating to the Investment Company Act of 1940 or the Constating Documents of the Company or its Subsidiaries required pursuant to any legal opinions that such legal counsels may be required to deliver in connection with any Financing.

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(2)Notwithstanding anything to the contrary in this <u>Section 4.14</u> and <u>Section 4.15</u>, neither the Company nor any of its Subsidiaries shall, pursuant to this <u>Section 4.14</u> or <u>Section 4.15</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)be required to take any action that would unreasonably interfere with the ongoing operations of the Company and its Subsidiaries (it being understood that the use of reasonable best efforts by the Company, its Subsidiaries and representatives to take the actions specified in <u>Section 4.14(1)(a)</u> through <u>(e)</u> do not unreasonably interfere with the ongoing operations of the Company and its Subsidiaries);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)be required to (i) incur any fees, expenses or other liabilities prior to the Effective Time for which it is not previously or concurrently reimbursed or (ii) become an issuer or an obligor with respect to the Financing prior to the Effective Time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)be required to cause any director, officer, member, partner, accountant, legal counsel, employee or other Representative of the Company or any of its Subsidiaries to take any action that would reasonably be expected to result in such Person incurring personal liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)be required to waive or amend any terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)be required to provide any information that, upon the advice of counsel, is subject to attorney-client privilege or is prohibited from being provided by applicable Law or any Material Contract existing as of the date hereof (<u>provided</u>, however, that the Company shall use its reasonable best efforts to provide an alternative means of disclosing or providing such information to the maximum extent permitted by Law or such contractual obligation or to the maximum extent that does not result in a loss of such legal privilege, as applicable), and in the event that the Company or any of its Subsidiaries does not provide access or information in reliance on this clause, the Company shall provide notice to the Parent that information is being withheld;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)be required to, nor shall any of their directors, employees, officers, members, partners or managers be required to, adopt resolutions or consents to approve or authorize the execution of the agreements, documents and instruments pursuant to which the Financing is obtained or to execute, deliver or enter into, or perform any agreement, document or instrument (other than customary authorization letters or as set forth in <u>Section 4.15</u>), including any credit or other agreements, guarantees, pledge or security documents or certificates in connection with the Financing, in each case, that would be effective prior to the Effective Time, it being agreed that any such action, authorization, consent, approval, execution, delivery or performance will only be required of the respective directors, employees, officers, members, partners or managers of the Company and its Subsidiaries who retain their respective positions as of, and immediately after, the Effective Time (except in each case with respect to customary authorization letters or as set forth in <u>Section 4.15</u>);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)be required to (or be required to cause their Representatives to) provide any indemnity prior to the Effective Time for which it has not received prior reimbursement or is not otherwise concurrently indemnified by or on behalf of the Parent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)be required to (or be required to cause their Representatives to) take any action that would conflict with or violate any Constating Documents of the Company or

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any of its Subsidiaries as in effect on the date hereof or any applicable Law or, prior to the Effective Time, the contravention of any Material Contract to which the Company or its Subsidiaries is a party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)be required to (or be required to cause their Representatives to) take any actions that would cause any representation or warranty in this Agreement to be breached by the Company or any of its Subsidiaries or that would cause any condition set forth in <u>Article 6</u> to fail to be satisfied (in each case unless the Parent waives such breach or failure prior to the Company or any of its Subsidiaries taking such action); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)be required to (or be required to cause their Representatives to) prepare or furnish (i) pro forma financial statements, (ii) any other financial statements (other than as set forth in <u>Section 4.14(1)(a)</u>) that are not prepared in the ordinary course of its financial reporting practice, on the time frame customarily prepared by the Company, (iii) projections or (iv) any prospectus, information memorandum, "bank book" or other analogous document in connection with the Financing.

(3)All non-public or otherwise confidential information regarding the Company or its Subsidiaries obtained by the Parent or Purchaser or their respective Representatives pursuant to this <u>Section 4.14</u> from or on behalf of the Company shall be kept confidential in accordance with the Confidentiality Agreement; <u>provided</u> that, notwithstanding anything to the contrary herein or in the Confidentiality Agreement, such information may be disclosed, (i) to prospective lenders, underwriters, initial purchasers, dealer managers and agents during syndication and marketing of the Financing that enter into confidentiality arrangements customary for financing transactions of the same type as the Financing (including customary "click-through" confidentiality undertakings) and (ii) on a confidential basis to rating agencies.

(4)The Company hereby consents to the reasonable use of the Company's and its Subsidiaries' logos solely in connection with the marketing of the Financing for the transactions contemplated by this Agreement; <u>provided</u> that such logos are used solely in a manner that is not intended to or reasonably likely to harm or disparage the Company or its Subsidiaries or the reputation or goodwill of the Company or its Subsidiaries.

(5)Promptly upon written request by the Company, the Parent will reimburse the Company for any reasonable and documented out-of-pocket costs and expenses (including reasonable attorneys' fees and rating agencies' fees) actually incurred by the Company, its Subsidiaries and their respective Representatives in connection with the cooperation contemplated by this <u>Section 4.14</u> and <u>Section 4.15</u> other than to the extent any such costs and expenses are incurred as a result of the gross negligence, bad faith or willful misconduct of the Company, any of its Subsidiaries or their respective Representatives, or any such Person's material breach of this Agreement, or with respect to any material misstatement or omission in information provided in writing hereunder by any of the foregoing Persons for use in connection herewith or with the Financing.

(6)The Company, its Subsidiaries and its and their respective affiliates and Representatives will be indemnified and held harmless by the Parent from and against any and all liabilities, losses, damages, claims, costs, expenses (including reasonable attorney's fees), interest, awards, judgments, penalties and amounts paid in settlement suffered or incurred by them in connection with their cooperation in arranging the Financing pursuant to this Agreement, the provision of information utilized in connection therewith and the cooperation contemplated by <u>Section 4.15</u>, other than to the extent any such liabilities, losses, damages, claims, costs, expenses, interest, awards, judgments or penalties are the

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result of the gross negligence, bad faith or willful misconduct of the Company, any of its Subsidiaries or their respective Representatives, or any such Person's material breach of this Agreement, or with respect to any material misstatement or omission in information provided in writing hereunder by any of the foregoing Persons for use in connection herewith or with the Financing. This indemnification shall survive the termination of this Agreement.

(7)This <u>Section 4.14</u> sets forth the Company's and its Subsidiaries' sole obligations with respect to cooperation in connection with the arrangement of any financing (including the Financing) of the Parent or its affiliates related to the transactions contemplated by this Agreement. The Company and its Subsidiaries will be deemed to be in compliance with this <u>Section 4.14</u> unless and until (A) Parent provides written notice (the "**Non-Cooperation Notice**") to the Company of any alleged failure to comply, or action or failure to act which could be believed to be a breach of <u>Section 4.14</u>, (B) Parent includes in such Non-Cooperation Notice reasonable detail regarding the cooperation required to cure such alleged failure (which shall not require the Company to provide any cooperation that it would not otherwise be required to provide under <u>Section 4.14</u>) and (C) the Company fails to use reasonable best efforts to take the actions specified on such Non-Cooperation Notice within five (5) Business Days from receipt of such Non-Cooperation Notice.

**Section 4.15Treatment of Company Indebtedness**

(1)The Company shall, and shall cause its Subsidiaries to, deliver all notices and take all other actions reasonably requested by the Parent that are required to facilitate in accordance with the terms thereof the termination of all commitments outstanding under the Credit Facility, the repayment in full of all obligations, if any, outstanding thereunder, the release of all Liens, if any, securing such obligations, and the release of guarantees, if any, in connection therewith, in each case, on the Effective Date as of the Effective Time (such termination, repayment and releases, the "**Credit Facility Termination**"). In furtherance and not in limitation of the foregoing, the Company shall, and shall cause its Subsidiaries to, use reasonable best efforts to deliver to the Parent at least two (2) Business Days prior to the anticipated Effective Date, an executed payoff letter with respect to the Credit Facility (a "**Payoff Letter**") in form and substance customary for transactions of this type (and drafts reasonably in advance thereof), from the applicable agent on behalf of the Persons to whom such Indebtedness is owed, which Payoff Letter together with any related release documentation shall, among other things, include the payoff amount and provide that all Liens (and guarantees), if any, granted in connection therewith relating to the assets, rights and properties of the Company and its Subsidiaries securing such Indebtedness and any other obligations secured thereby, shall, upon the payment of the amount set forth in a Payoff Letter on the Effective Date, be released and terminated. Notwithstanding anything herein to the contrary, in no event shall this Section 4.15(1) require the Company or any of its Subsidiaries to cause the Credit Facility Termination to be effective unless and until the Effective Time has occurred and the Parent has provided or caused to be provided to the Company or its Subsidiaries funds (or the Parent has directed the Company or any of its Subsidiaries to use funds on their balance sheet) to pay in full the then-outstanding principal amount of and accrued and unpaid interest and fees under the Credit Facility.

(2)To the extent required in order to consummate the transactions contemplated by this Agreement, upon written request of the Parent, the Company shall, and shall cause its Subsidiaries to, as applicable, (a) execute and deliver, or cause to be executed and delivered, in each case, to the trustee under the Trust Indenture at or prior to the Effective Time, such documents or instruments as are required to comply with the requirements of

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the Trust Indenture and the Voting and Support Agreements in connection with the transactions contemplated by this Agreement, and (b) provide all assistance reasonably requested by the Parent in connection with obtaining the execution of such instruments by the other parties required to execute such instruments and take any other actions reasonably requested by the Parent (which shall not require any payment by the Company or its Subsidiaries) that are customary or necessary in connection therewith, including the execution and delivery by the Company, its Subsidiaries or their respective Representatives of customary officers' certificates, supplemental indentures and legal opinions to the trustee under the Trust Indenture, to the extent such certificates, supplemental indentures and opinions are required thereby. Notwithstanding the foregoing, neither Company nor its Subsidiaries shall be required to execute and deliver any document or instrument (or cause any document or instrument to be executed or delivered) (i) that would be inaccurate in light of the facts and circumstances at the time delivered, or (ii) not conditioned on or delivered substantially concurrently with the occurrence of the Effective Time. To the extent required in order to consummate the transactions contemplated by this Agreement, the Parent and the Purchaser, as applicable, shall, prior to or contemporaneously with, and conditioned upon, the consummation of the transactions contemplated by this Agreement, execute such instruments and do such things as are necessary, in the reasonable determination of the Parent, to facilitate the compliance by the Company with Section 11.1 of the Trust Indenture.

**Article 5Article 5<br>ADDITIONAL COVENANTS REGARDING NON-SOLICITATION**

**Section 5.1Non-Solicitation**

(1)Except as expressly provided in this <u>Article 5</u>, the Company, shall not, and shall cause its Subsidiaries not to, directly or indirectly, through any officer, director, employee, representative (including any financial or other advisor) or agent of the Company or of any of its Subsidiaries (collectively "**Representatives**"), or otherwise, and shall not permit any such Representative to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)solicit, assist, initiate, encourage or otherwise knowingly facilitate (including by way of furnishing or providing copies of, access to, or disclosure of, any confidential information, properties, assets, facilities, books or records of the Company or any of its Subsidiaries) any inquiry, proposal or offer from any Person that constitutes, or may reasonably be expected to constitute or lead to, an Acquisition Proposal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)enter into, otherwise engage or participate in or authorize any discussions or negotiations with any Person (other than the Parent, the Purchaser and their affiliates) regarding any inquiry, proposal or offer that constitutes, or may reasonably be expected to constitute or lead to, an Acquisition Proposal, provided that the Company may (i) communicate with any Person solely for the purposes of clarifying the terms of any such inquiry, proposal or offer made by such Person (if, in doing so, no other assistance or encouragement that is prohibited from being given under this Agreement is given to such Person and the Company does not otherwise breach any of its obligations contained in this Section 5.1); (ii) advise any Person making any inquiry, proposal or offer of the restrictions of this Agreement (if, in doing so, no other assistance or encouragement that is prohibited from being given under this Agreement is given to such Person) and (iii) advise any Person making an Acquisition Proposal that the Board has determined that such Acquisition Proposal does not constitute, or is not reasonably expected to constitute or lead to, a Superior Proposal (if, in so doing,

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no other information that is prohibited from being communicated under this Agreement is communicated to such person);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)make a Change in Recommendation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)accept, approve, endorse or recommend, or publicly propose to accept, approve, endorse or recommend, or take no position or remain neutral with respect to, any Acquisition Proposal (it being understood that publicly taking no position or a neutral position with respect to an Acquisition Proposal for a period of no more than five (5) Business Days following the public announcement or public disclosure of such Acquisition Proposal will not be considered to be in violation of this <u>Section 5.1</u>, provided the Board has rejected such Acquisition Proposal and affirmed the Board Recommendation before the end of such five (5) Business Day period (or in the event that the Company Meeting is scheduled to occur within such five (5) Business Day period, prior to the third (3<sup>rd</sup>) Business Day prior to the date of the Company Meeting)); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)enter into or publicly propose to approve or enter into any Contract (including any letter of intent or term sheet) in respect of an Acquisition Proposal, other than a confidentiality agreement permitted by and entered into in accordance with <u>Section 5.3</u>.

(2)The Company shall, and shall cause its Subsidiaries and its and their respective Representatives to, immediately cease and terminate, and cause to be terminated, any solicitation, encouragement, discussion, negotiation or other activities commenced prior to the date of this Agreement with any Person (other than the Parent, the Purchaser and their affiliates) with respect to any inquiry, proposal or offer that constitutes, or may reasonably be expected to constitute or lead to, an Acquisition Proposal, and in connection with such termination the Company shall, and shall cause its Subsidiaries and its and their respective Representatives to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)within one (1) Business Day of the date hereof, discontinue access to and disclosure of all information regarding the Company or any of its Subsidiaries in respect of any inquiry, proposal or offer that constitutes, or may reasonably be expected to constitute or lead to, an Acquisition Proposal, including any data room and any confidential information, properties, assets, facilities, books and records of the Company or any of its Subsidiaries; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)within two (2) Business Days of the date hereof, request, and exercise all rights it has to require, (i) the return or destruction of all copies of any confidential information regarding the Company or its Subsidiaries and (ii) the destruction of all material including or incorporating or otherwise reflecting such confidential information regarding the Company of any of its Subsidiaries, in each case, provided to any Person other than the Parent, the Purchaser and their Subsidiaries since January 1, 2022 in respect of any inquiry, proposal or offer that constitutes, or may reasonably be expected to constitute or lead to, an Acquisition Proposal, and use commercially reasonable efforts to ensure that such requests are fully complied with in accordance with the terms of such rights.

(3)The Company represents and warrants that, since October 1, 2022, neither the Company nor any of its Subsidiaries has waived, terminated or otherwise agreed not to enforce any confidentiality, standstill or similar agreement or restriction to which the Company or any of its Subsidiaries is a party, and further covenants and agrees that the Company shall, and shall cause its Subsidiaries to, (i) take all necessary action to enforce each

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confidentiality, standstill or similar agreement or restriction to which the Company or any of its Subsidiaries is a party and (ii) not release any Person from, or waive, amend, suspend or otherwise modify such Person's obligations respecting the Company, or any of its Subsidiaries, under any confidentiality, standstill or similar agreement or restriction to which the Company or any of its Subsidiaries is a party (it being acknowledged by the Parent and the Purchaser that the automatic termination or release of any such restrictions of any such agreements pursuant to their respective terms in effect as of the date of this Agreement, as a result of entering into and announcing this Agreement shall not be a violation of this <u>Section 5.1(3)</u>).

**Section 5.2Notification of Acquisition Proposals**

If the Company or any of its Subsidiaries, or its or their respective directors or executive officers, or, to the knowledge of the Company, any of their other respective Representatives, receives any inquiry, proposal or offer that constitutes, or may reasonably be expected to constitute or lead to, an Acquisition Proposal, or any request for copies of, access to, or disclosure of, confidential information relating to the Company or any of its Subsidiaries in connection with any proposal that constitutes, or may reasonably be expected to constitute or lead to, an Acquisition Proposal, including to information, access or disclosure relating to the confidential information, properties, assets, facilities, books or records of the Company or any of its Subsidiaries, the Company shall promptly notify the Purchaser, at first orally and then within twenty-four (24) hours in writing, of such Acquisition Proposal, inquiry, proposal, offer or request, including a description of its material terms and conditions, and the identity of all Persons making the Acquisition Proposal, inquiry, proposal, offer or request, which notice shall include a copy of the Acquisition Proposal if made in writing to the Company or any of its Subsidiaries or Representatives (including any other documents containing material terms or conditions of such Acquisition Proposal) and all material written correspondence relating thereto, and a written description of any such material terms or conditions and material correspondence not provided or made in writing. The Company shall keep the Purchaser reasonably informed on a reasonably current basis of the status of discussions and negotiations (to the extent such discussions and negotiations are permitted by <u>Section 5.3</u>) with respect to such Acquisition Proposal, inquiry, proposal, offer or request, and any material changes, modifications or other amendments to any such Acquisition Proposal, inquiry, proposal or offer, and shall promptly, and in any event within twenty four (24) hours, provide to the Purchaser copies of all written or electronic agreements or other documents containing terms or conditions of such Acquisition Proposal, all material written correspondence, and a description of all material correspondence not in writing, relating to or in connection with such Acquisition Proposal, inquiry, proposal, offer or request.

**Section 5.3Responding to an Acquisition Proposal**

(1)Notwithstanding <u>Section 5.1</u>, if at any time prior to obtaining the approval by the Company Shareholders of the Arrangement Resolution, the Company receives a bona fide written Acquisition Proposal that did not result from any non-*de minimis* breach of Section 5.1(1) or any breach of any other provision of Article 5 in any material respect, the Company may (a) provide copies of, access to or disclosure of confidential information, properties, facilities, books or records of the Company or its Subsidiaries to the Person making such Acquisition Proposal and its representatives and (b) engage in or participate in discussions or negotiations with such Person and its representatives regarding such Acquisition Proposal, in each case, if and only if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Board first determines in good faith, after consultation with its financial advisors and its outside legal counsel, that such Acquisition Proposal constitutes, or would reasonably be expected to constitute or lead to, a Superior Proposal;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)such Person was not restricted from making such Acquisition Proposal pursuant to an existing standstill or similar restriction with the Company or any of its Subsidiaries; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)prior to providing any such copies, access or disclosure, the Company (i) enters into a confidentiality and standstill agreement with such Person that contains provisions that are not less onerous as to such Person than those set out in the Confidentiality Agreement, (ii) provides the Purchaser with a true, complete and final executed copy of the confidentiality and standstill agreement referred to in the preceding clause (i), and (iii) provides to the Purchaser copies of, access to and disclosure of all such information, properties, facilities, books and records to the extent it has not previously been provided to the Purchaser.

(2)Nothing contained in this Agreement shall prevent the Board or the Company from making disclosure to the Company Shareholders as and to the extent required by applicable securities Laws, including complying with section 2.17 of Multilateral Instrument 62-104 – Takeover Bids and Issuer Bids and similar provisions under Securities Laws relating to the provision of a directors' circular in respect of an Acquisition Proposal; <u>provided</u>, that (a) neither the Company nor the Board shall be permitted to recommend that the Company Shareholders tender or deposit any securities in connection with any take-over bid that is an Acquisition Proposal or effect a Change in Recommendation with respect thereto and (b) notwithstanding the foregoing, any action that would otherwise constitute a Change in Recommendation hereunder shall constitute such a Change in Recommendation.

**Section 5.4Right to Match**

(1)Notwithstanding anything in this Agreement, but without limiting, and subject to compliance with, the remaining provisions of this <u>Section 5.4</u> and <u>Article 7</u> and <u>Section 8.2</u>, if the Company receives an Acquisition Proposal that constitutes a Superior Proposal prior to the approval of the Arrangement Resolution by the Company Shareholders, the Board may, subject to compliance with <u>Article 7</u> and <u>Section 8.2</u>, terminate this Agreement in order, to enter into a definitive agreement with respect to such Superior Proposal, if and only if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Person making the Superior Proposal was not restricted from making such Superior Proposal pursuant to an existing standstill or similar restriction with the Company or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Company has not breached its obligations under Section 5.1(1) in any non-*de minimis* respect or under any other provision of Article 5 in any material respect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Company has delivered to the Purchaser a written notice of the determination of the Board that such Acquisition Proposal constitutes a Superior Proposal and of the intention of the Board to authorize the Company to enter into such definitive agreement with respect to such Superior Proposal, together with a written notice from the Board regarding the value and financial terms that the Board, in consultation with its financial advisors, has determined should be ascribed to any non-cash consideration offered under such Superior Proposal (the "**Superior Proposal Notice**");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Company or any of its Representatives has provided the Purchaser a copy of the proposed definitive agreement for the Superior Proposal, together with all

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related agreements (including any financing commitments or other documents containing any material terms or conditions of such Superior Proposal);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)at least five (5) Business Days (the "**Matching Period**") have elapsed from the date that is the later of the date on which the Purchaser received the Superior Proposal Notice and the date on which the Purchaser received all of the materials set forth in <u>Section 5.4(1)(d)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)during any Matching Period, the Purchaser has had the opportunity (but not the obligation), in accordance with <u>Section 5.4(2)</u>, to offer to amend this Agreement and the Arrangement in order for such Acquisition Proposal to cease to be a Superior Proposal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)after the Matching Period, the Board (i) has determined in good faith, after consultation with its outside legal counsel and financial advisors, that such Acquisition Proposal continues to constitute a Superior Proposal (if applicable, compared to the terms of the Arrangement as proposed to be amended by the Purchaser under <u>Section 5.4(2)</u>) and (ii) has determined in good faith, after consultation with its outside legal counsel, that the failure by the Board to authorize that the Company enter into a definitive agreement with respect to such Superior Proposal would be inconsistent with its fiduciary duties under applicable Law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)prior to or simultaneously with so entering into such definitive agreement, the Company terminates this Agreement pursuant to <u>Section 7.2(1)(c)(ii)</u> and pays the Termination Fee pursuant to <u>Section 8.2</u>.

(2)During the Matching Period, or such longer period as the Company may approve in writing for such purpose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Purchaser shall have the right, but not the obligation, to offer to amend the terms of this Agreement and the Arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Board shall review any offer made by the Purchaser to amend the terms of this Agreement and the Arrangement in good faith in order to determine whether such proposal would, upon acceptance, result in the Acquisition Proposal previously constituting a Superior Proposal ceasing to be a Superior Proposal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Company shall negotiate in good faith with the Purchaser to make such amendments to the terms of this Agreement and the Arrangement as would enable the Company and the Purchaser to proceed with the transactions contemplated by this Agreement on such amended terms; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)if the Board determines that such Acquisition Proposal would cease to be a Superior Proposal, the Company shall promptly so advise the Purchaser and the Company and the Purchaser shall amend this Agreement to reflect such offer made by the Purchaser, and shall take and cause to be taken all such actions as are necessary to give effect to the foregoing.

(3)Any amendment or modification to any Acquisition Proposal that results in an increase in, or modification of, the consideration or value of such consideration to be received by the Company Shareholders or other amendment or modification of the material terms or conditions thereof shall constitute a new Acquisition Proposal for the purposes of this <u>Section 5.4</u>, and the Purchaser shall be afforded a new five (5) Business Day Matching

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Period from the later of the date on which the Purchaser received the Superior Proposal Notice and the date on which the Purchaser received all of the materials set forth in <u>Section 5.4(1)(d)</u> with respect to such new Superior Proposal.

(4)The Board shall promptly reaffirm the Board Recommendation by press release after any Acquisition Proposal which the Board has determined not to be a Superior Proposal is publicly announced or publicly disclosed or the Board determines that a proposed amendment to the terms of this Agreement as contemplated under <u>Section 5.4(2)</u> would result in any Acquisition Proposal no longer being a Superior Proposal. The Company shall provide the Purchaser and its outside legal counsel with a reasonable opportunity to review the form and content of any such press release and shall make all reasonable amendments to such press release as requested by the Purchaser and its counsel.

(5)If the Company Meeting is to be held during a Matching Period, the Company may, and shall at the request of the Purchaser, postpone or adjourn the Company Meeting to a date that is not more than ten (10) Business Days after the scheduled date of the Company Meeting, but in any event to a date that would not prevent the Effective Date from occurring prior to the Outside Date.

(6)If the Company provides a Superior Proposal Notice to the Purchaser on a date that is less than seven (7) Business Days before the Company Meeting, the Company, shall if requested by the Purchaser, postpone or adjourn the Company Meeting to a date designated by the Purchaser that is not more than ten (10) Business Days after the scheduled date of the Company Meeting, as directed by the Purchaser, but in any event to a date that is not less than three (3) Business Days prior to the Outside Date.

**Section 5.5Breach by Subsidiaries and Representatives**

Without limiting any other provision of this <u>Article 5</u>, the Company shall advise its Subsidiaries and its and their respective Representatives of the prohibitions set forth in this <u>Article 5</u> and any violation of the restrictions set forth in this <u>Article 5</u> by its Subsidiaries or its or their respective Representatives shall be deemed to be a breach of this <u>Article 5</u> by the Company.

**Article 6Article 6<br>CONDITIONS**

**Section 6.1Mutual Conditions Precedent**

The Parties are not required to complete the Arrangement unless each of the following conditions is satisfied on or prior to the Effective Time, which conditions may only be waived, in whole or in part, by the mutual consent of each of the Parties, other than Parent's waiver of the CMA Approval without the Company's consent as provided for in <u>Section 8.2(5)</u>:

(1)**Arrangement Resolution.** The Required Shareholder Approvals have been received at the Company Meeting in accordance with the Interim Order.

(2)**Interim and Final Order.** The Interim Order and the Final Order have each been obtained on terms consistent with this Agreement, and have not been set aside or modified in a manner unacceptable to either the Company or the Purchaser, each acting reasonably, on appeal or otherwise.

(3)**Regulatory Approvals.** Each of the Regulatory Approvals has been obtained, is in full force and effect and has not been modified.

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(4)**Articles of Arrangement.** The Articles of Arrangement shall be in a form and content satisfactory to the Company and the Purchaser, each acting reasonably.

(5)**Illegality.** No Governmental Entity shall have enacted, issued, promulgated, enforced or entered any Law or Order, in each case which is in effect and which prevents, prohibits or makes illegal the consummation of the Arrangement or the other transactions contemplated by this Agreement.

**Section 6.2Additional Conditions Precedent to the Obligations of the Purchaser**

The Purchaser is not required to complete the Arrangement unless each of the following conditions is satisfied on or before the Effective Time, which conditions are for the exclusive benefit of the Purchaser and may only be waived, in whole or in part, by the Purchaser in its sole discretion:

(1)**Representations and Warranties.** (a) (i) The representations and warranties of the Company contained in <u>Paragraphs (1)(a)</u>, <u>(2)</u>, <u>(3)</u>, <u>(7)</u>, <u>(8)(b)</u> and <u>(21)</u> of <u>Schedule C</u>, without giving effect to any qualifications as to materiality, Material Adverse Effect or similar matters set forth therein, shall be true and correct in all material respects as of the date of this Agreement and as of the Effective Time with the same force and effect as if made on and as of such date (other than any such representation and warranty that by its terms addresses matters only as of another specified time, which shall be so true and correct as of such specified time); (ii) the representations and warranties of the Company contained in <u>Paragraphs (5)(a)</u>, <u>(6)</u> and <u>(22)</u> of <u>Schedule C</u> shall be true and correct in all respects, except for *de minimis* inaccuracies, as of the date of this Agreement and as of the Effective Time with the same force and effect as if made on and as of such date (other than any such representation and warranty that by its terms addresses matters only as of another specified time, which shall be so true and correct as of such specified time); (iii) the representations and warranties of the Company contained in <u>Paragraph (15)(b)</u> of <u>Schedule C</u> shall be true and correct in all respects as of the date of this Agreement and as of the Effective Time with the same force and effect as if made on and as of such date; and (iv) all of the other representations and warranties of the Company contained in this Agreement, without giving effect to any qualifications as to materiality, Material Adverse Effect or similar matters set forth therein, shall be true and correct in all respects as of the date of this Agreement and as of the Effective Time with the same force and effect as if made on and as of such date (other than any such representation and warranty that by its terms addresses matters only as of another specified time, which shall be true and correct as of such specified time), except, in the case of this clause (iv), where the failure of such representations and warranties to be so true and correct has not had, and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and (b) the Purchaser shall have received a certificate executed by two (2) officers of the Company (in their respective capacities as such and in each case without personal liability) dated the Effective Date certifying same.

(2)**Performance of Covenants.** The Company shall have fulfilled and complied in all material respects with all agreements and covenants required under this Agreement to be fulfilled or complied with by the Company on or prior to the Effective Time, and the Purchaser shall have received a certificate executed by two (2) officers of the Company (in their respective capacities as such and in each case without personal liability) dated the Effective Date certifying same.

(3)**Dissent Rights.** Dissent Rights shall not have been validly exercised (and not withdrawn) with respect to more than 10% of the issued and outstanding Company Shares.

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(4)**Material Adverse Effect.** Since the date of this Agreement, there shall not have occurred any changes, events, occurrences, effects, state of facts or circumstances that, individually or in the aggregate, have had or would reasonably be expected to have a Material Adverse Effect.

**Section 6.3Additional Conditions Precedent to the Obligations of the Company**

The Company is not required to complete the Arrangement unless each of the following conditions is satisfied on or before the Effective Time, which conditions are for the exclusive benefit of the Company and may only be waived, in whole or in part, by the Company in its sole discretion:

(1)**Representations and Warranties.** (a) (i)The representations and warranties of the Parent and the Purchaser contained in <u>Paragraphs (1)</u>, <u>(2)</u>, <u>(7)</u> and <u>(8)</u> of Schedule D shall be true and correct in all material respects as of the date of this Agreement and as of the Effective Time with the same force and effect as if made on and as of such date (other than any such representation and warranty that by its terms addresses matters only as of another specified time, which shall be so true and correct as of such specified time); and (ii) the other representations and warranties of the Parent and the Purchaser contained in this Agreement shall be true and correct as of the date of this Agreement and as of the Effective Time with the same force and effect as if made on and as of such date (other than any such representation and warranty that by its terms addresses matters only as of another specified time, which shall be so true and correct as of such specified time), except, in the case of this clause (ii), where the failure of such representations and warranties to be so true and correct has not and would not reasonably be expected to, individually or in the aggregate, prevent the Parent or the Purchaser from consummating the Arrangement on the Effective Date, and (b) the Company shall have received a certificate executed by two (2) officers of the Parent (in their respective capacities as such and in each case without personal liability) dated the Effective Date certifying same.

(2)**Performance of Covenants.** The Parent and the Purchaser shall have fulfilled and complied in all material respects with all agreements and covenants required under this Agreement to be fulfilled or complied with by them on or prior to the Effective Time, and the Company shall have received a certificate executed by two (2) officers of the Parent (in their respective capacities as such and in each case without personal liability) dated the Effective Date certifying same.

(3)**Deposit of Consideration.** Subject to obtaining the Final Order and the satisfaction or waiver of the other conditions precedent contained herein in its favour (other than conditions which, by their nature, are only capable of being satisfied as of the Effective Time, but provided that those conditions are then capable of being satisfied), the Purchaser shall have deposited or caused to be deposited with the Depositary in escrow in accordance with <u>Section 2.9</u> the funds required to pay the aggregate Consideration payable to Company Shareholders pursuant to the Plan of Arrangement and the Depositary has confirmed to the Company receipt of such funds.

**Section 6.4Satisfaction of Conditions**

The conditions precedent set out in <u>Section 6.1</u>, <u>Section 6.2</u> and <u>Section 6.3</u> will be conclusively deemed to have been satisfied, waived or released when the Certificate of Arrangement is issued by the Enterprise Registrar following the filing of the Articles of Arrangement in accordance with <u>Section 2.8(2)</u>. For greater certainty, and notwithstanding the terms of any escrow arrangement entered into between the Purchaser and the Depositary, all funds held in escrow by the Depositary pursuant to <u>Section 2.9</u> shall be deemed to be released

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from escrow, without any further act required by any Person, when the Certificate of Arrangement is issued by the Enterprise Registrar.

**Article 7Article 7<br>TERM AND TERMINATION**

**Section 7.1Term**

This Agreement shall be effective from the date hereof until the earlier of the Effective Time and the termination of this Agreement in accordance with its terms.

**Section 7.2Termination**

(1)This Agreement may be terminated prior to the Effective Time by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the mutual written agreement of the Parties; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)either the Company, on the one hand, or the Parent, on its own behalf and on behalf of the Purchaser, on the other hand, if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the Required Shareholder Approvals are not obtained at the Company Meeting in accordance with the Interim Order; <u>provided</u>, that a Party may not terminate this Agreement pursuant to this <u>Section 7.2(1)(b)(i)</u> if the failure to obtain the Required Shareholder Approvals has been principally caused by, or principally resulted from, a material breach by such Party of any of its representations, warranties, covenants or agreements set forth in this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)after the date of this Agreement, any Law is enacted, promulgated or enforced or any Order is issued or entered that makes the consummation of the Arrangement illegal or otherwise permanently prohibits or enjoins the Company, the Parent or the Purchaser from consummating the Arrangement, and such Law or Order has, if applicable, become final and non-appealable, <u>provided</u>, that a Party may not terminate this Agreement pursuant to this <u>Section 7.2(1)(b)(ii)</u> if the occurrence of such illegality or restraint has been principally caused by, or principally resulted from, a material breach by such Party of any of its representations, warranties, covenants or agreements set forth in this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the Effective Time does not occur on or prior to the Outside Date (if applicable, as extended); <u>provided</u>, that a Party may not terminate this Agreement pursuant to this <u>Section 7.2(1)(b)(iii)</u> if the failure of the Effective Time to occur on or prior to the Outside Date (if applicable, as extended) has been principally caused by, or principally resulted from, a material breach by such Party of any of its representations, warranties, covenants or agreements set forth in this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the Company if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a breach of any representation or warranty or failure to perform any covenant or agreement on the part of the Parent or the Purchaser under this Agreement occurs that would cause any condition in <u>Section 6.3(1)</u> or <u>Section 6.3(2)</u> not to be satisfied, and such breach or failure is incapable of being cured on or prior to the Outside Date or is not cured in accordance

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with the terms of <u>Section 4.8(3)</u>; <u>provided</u>, that the Company is not then in breach of this Agreement so as to cause any condition in <u>Section 6.2(1)</u> or <u>Section 6.2(2)</u> not to be satisfied;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)prior to the approval by the Company Shareholders of the Arrangement Resolution, in order to enter into a definitive agreement providing for a Superior Proposal in accordance with <u>Section 5.4</u>, provided that the Company has not breached its obligations under Section 5.1(1) in any non-*de minimis* respect or under any other provision of Article 5 in any material respect and, prior to or simultaneously with such termination, the Company pays the Termination Fee in accordance with <u>Section 8.2</u>; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)subject to, and only after, obtaining the Final Order and the satisfaction or waiver of all of the conditions set forth in <u>Section 6.1</u> and <u>Section 6.2</u> (other than conditions which, by their nature, are only capable of being satisfied as of the Effective Time, which such conditions are capable of being satisfied at the time of termination if the Effective Time were to occur at such time), (A) the Company has (I) indicated in writing to the Parent and the Purchaser that all of the conditions forth in <u>Section 6.1</u> and <u>Section 6.2</u> (other than conditions which, by their nature, are only capable of being satisfied as of the Effective Time, which such conditions are capable of being satisfied at the time of termination if the Effective Time were to occur at such time) are satisfied and (II) irrevocably confirmed in writing at least three (3) Business Days prior to the date of termination that it is ready, willing and able to consummate the transactions contemplated hereby and intends to terminate this Agreement pursuant to this <u>Section 7.2(1)(c)(iii)</u>, and (C) the Purchaser fails to provide or cause to be provided to the Depositary sufficient funds to complete the purchase of the Company Shares contemplated by the Agreement as required pursuant to <u>Section 2.9</u> within the later of (I) the date such funds should have been provided pursuant to <u>Section 2.9</u> and (II) three (3) Business Days following the date of delivery of the confirmation of the Company required by the preceding clause (B)(II);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)the Parent, on its own behalf and on behalf of the Purchaser, if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)a breach of any representation or warranty or failure to perform any covenant or agreement on the part of the Company under this Agreement occurs that would cause any condition in <u>Section 6.2(1)</u> or <u>Section 6.2(2)</u> not to be satisfied, and such breach or failure is incapable of being cured on or prior to the Outside Date or is not cured in accordance with the terms of <u>Section 4.8(3)</u>; <u>provided</u>, that the Parent and the Purchaser are not then in breach of this Agreement so as to cause any condition in <u>Section 6.3(1)</u> or <u>Section 6.3(2)</u> not to be satisfied; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)(A) the Board or any committee of the Board (including the Special Committee) fails to recommend or withdraws, amends, modifies or qualifies in a manner adverse to Purchaser, the Board Recommendation, or fails to publicly reaffirm (without qualification) within five (5) Business Days after having been requested in writing by the Purchaser to do so, the Board Recommendation, it being understood that, other than following the public announcement of an Acquisition Proposal, the Board will have no obligation to make such reaffirmation on more than two (2) separate occasions, (B) the Board or any committee of the Board (including the

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Special Committee) accepts, endorses or recommends an Acquisition Proposal or any agreement (other than a confidentiality agreement expressly permitted by, and entered into accordance with, <u>Section 5.3</u>) with respect thereto, or takes no position or a neutral position with respect to a publicly announced or publicly disclosed Acquisition Proposal for more than five (5) Business Days (or beyond the third (3rd) Business Day prior to the date of the Company Meeting, if sooner), after such Acquisition Proposal's public announcement or (C) the Company, the Board or the Special Committee publicly announces or publicly discloses any intention to do any of the foregoing (each (A), (B) and (C), case, a "**Change in Recommendation**") or the Company materially breaches <u>Article 5</u>.

(2)The Party desiring to terminate this Agreement pursuant to this <u>Section 7.2</u> (other than pursuant to <u>Section 7.2(1)(a)</u>) shall give written notice of such termination to the other Parties, specifying in reasonable detail the basis for such Party's exercise of its termination right hereunder.

**Section 7.3Effect of Termination/Survival**

If this Agreement is terminated pursuant to <u>Section 7.1</u> or <u>Section 7.2</u>, this Agreement shall become void and of no further force or effect without liability of any Party (or any shareholder, director, officer, employee, agent, consultant or representative of such Party) to any other Party to this Agreement, except that: (a) in the event of termination under <u>Section 7.1</u> as a result of the Effective Time occurring, <u>Section 4.9</u> shall survive for a period of six (6) years following such termination and (b) in the event of termination under <u>Section 7.2</u>, <u>Section 4.5(5)</u>, <u>Section 4.6(4)</u>, <u>Section 4.14(6)</u>, this <u>Section 7.3</u> and <u>Sections 8.2</u> through and including <u>Section 8.17</u> shall survive, and provided further that no Party shall be relieved of any liability for fraud or a willful breach by such Party of this Agreement.

**Article 8Article 8<br>GENERAL PROVISIONS**

**Section 8.1Amendments**

This Agreement and the Plan of Arrangement may, at any time and from time to time before or after the holding of the Company Meeting but not later than the Effective Time, be amended by mutual written agreement of the Parties, without further notice to or authorization on the part of the Company Shareholders, and any such amendment may, subject to the Interim Order and Final Order and applicable Law, without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)change the time for performance of any of the obligations or acts of the Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)modify any representation or warranty contained in this Agreement or in any document delivered pursuant to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)modify any of the covenants contained in this Agreement and waive or modify performance of any of the obligations of the Parties; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)modify any conditions contained in this Agreement.

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**Section 8.2Termination Fee and Reverse Termination Fee**

(1)Notwithstanding any other provision in this Agreement relating to the payment of fees and expenses, including the payment of brokerage fees, if a Termination Fee Event occurs, the Company shall pay the Parent or such affiliate of the Parent as the Parent may designate (such affiliate, the "**Parent's Designee**") the Termination Fee in accordance with <u>Section 8.2(3)</u>.

(2)For the purposes of this Agreement, "**Termination Fee**" means seventy-five million Canadian dollars ($75,000,000), and "**Termination Fee Event**" means the termination of this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)by the Parent pursuant to <u>Section 7.2(1)(d)(ii)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)by the Company pursuant to <u>Section 7.2(1)(c)(ii)</u>; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)by the Company or the Parent pursuant to <u>Section 7.2(1)(b)(i)</u> or <u>Section 7.2(1)(b)(iii)</u>, or by the Parent or the Purchaser pursuant to <u>Section 7.2(1)(d)(i)</u> due to a willful breach or fraud by the Company, if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)prior to such termination, an Acquisition Proposal is publicly announced or otherwise publicly disclosed by any Person (other than the Parent, the Purchaser or any of their Subsidiaries), or any Person (other than the Parent, the Purchaser or any of their Subsidiaries) has publicly announced or otherwise public disclosed an intention to make an Acquisition Proposal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)within twelve (12) months following the date of such termination, (A) an Acquisition Proposal (whether or not such Acquisition Proposal is the same Acquisition Proposal referred to in clause (i) above) is consummated or effected or (B) the Company or one or more of its Subsidiaries enters into any written agreement (other than a confidentiality agreement of the type permitted by <u>Section 5.3</u>) with respect to an Acquisition Proposal (whether or not such Acquisition Proposal is the same Acquisition Proposal referred to in clause (i) above) and such Acquisition Proposal is later consummated.

For purposes of the foregoing, the term "Acquisition Proposal" shall have the meaning assigned to such term in <u>Section 1.1</u>, except that references to "20% or more" shall be deemed to be references to "50% or more".

(3)If a Termination Fee Event occurs due to a termination of this Agreement by the Company pursuant to <u>Section 7.2(1)(c)(ii)</u>, the Company shall pay the Termination Fee prior to or simultaneously with the occurrence of such Termination Fee Event. If a Termination Fee Event occurs due to a termination of this Agreement by the Parent pursuant to <u>Section 7.2(1)(d)(ii)</u>, the Company shall pay the Termination Fee within two (2) Business Days of the occurrence of such Termination Fee Event. If a Termination Fee Event occurs in the circumstances set out in <u>Section 8.2(2)(c)</u>, the Company shall pay the Termination Fee upon the consummation of the Acquisition Proposal referred to therein. Any Termination Fee shall be paid (less any amounts required to be deducted and withheld in respect of such payment under the Tax Act and the Code, provided that such deducted and withheld amounts are actually remitted to the appropriate Governmental Entity) by the Company to the Parent or the Parent's Designee in cash, by

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wire transfer in immediately available funds to an account designated by the Parent or the Parent's Designee, as applicable.

(4)Notwithstanding any other provision in this Agreement relating to the payment of fees and expenses, including the payment of brokerage fees, if a Reverse Termination Fee Event occurs, the Parent shall pay the Company the Reverse Termination Fee in accordance with Section 8.2(6).

(5)For the purposes of this Agreement, "**Reverse Termination Fee**" means seventy five million Canadian dollars ($75,000,000), and "**Reverse Termination Fee Event**" means the termination of this Agreement by Parent or the Company pursuant to <u>Section 7.2(1)(b)(ii)</u> or <u>Section 7.2(1)(b)(iii)</u> as a result of the condition in <u>Section 6.1(3)</u> or <u>Section 6.1(5)</u> not being satisfied, in each case as a result of or in relation to an Antitrust Law, provided, however, that, notwithstanding the foregoing, a Reverse Termination Fee Event will not occur as a result of <u>Section 6.1(3)</u> not being satisfied where (a) Parent has waived the CMA Approval; (b) CMA Approval is the only Regulatory Approval which has not been obtained, and (c) such waiver (i) is not violative of any Law and (ii) would not result in any personal liability of any director or executive officer of the Company.

(6)The Parent shall pay the Reverse Termination Fee (less any amounts required to be deducted and withheld in respect of such payment under the Tax Act and the Code, provided that such deducted and withheld amounts are actually remitted to the appropriate Governmental Entity) within two (2) Business Days following the Reverse Termination Fee Event. Any such Reverse Termination Fee shall be paid by the Parent to the Company in cash, by wire transfer in immediately available funds to an account designated by the Company.

(7)The Parties acknowledge that the agreements contained in this <u>Section 8.2</u> are an integral part of the transactions contemplated by this Agreement, and that without these agreements, the Parties would not enter into this Agreement. The Parties further acknowledge and agree that the payment of the Termination Fee or the Reverse Termination Fee, as applicable, is a payment in consideration for the disposition of the rights of the Party entitled to receive such payment under this Agreement and that the amounts set out in this <u>Section 8.2</u> represent liquidated damages which are a genuine pre-estimate of the damages, including opportunity costs, reputational damage, and out-of-pocket expenditures, which the affected Party will suffer or incur as a result of the event giving rise to such damages and resultant termination of this Agreement, and are not penalties. Each Party irrevocably waives any right it may have to raise as a defence that any such liquidated damages are excessive or punitive.

(8)Except as provided in <u>Section 8.6</u> with respect to equitable remedies and in <u>Section 7.3</u>, each Party agrees that the payment of the Termination Fee or the Reverse Termination Fee, as applicable, in the manner provided in this <u>Section 8.2</u>, shall be the sole and exclusive remedy of such Party in respect of the event giving rise to such payment and the termination of this Agreement, and following receipt of the Termination Fee or Reverse Termination Fee, as applicable, when due, no Party shall be entitled to bring or maintain any claim, action or proceeding against the Party or any of its affiliates arising out of or in connection with this Agreement (or the termination hereof) or the transactions contemplated hereby and neither Party nor any of its affiliates shall have any further liability with respect to this Agreement or the transactions contemplated hereby to the other Party or any of their respective affiliates; provided, however, that this limitation shall not apply in the event of fraud or a willful breach by the Party making such

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payments of its representations, warranties, covenants or agreements set forth in this Agreement.

(9)For greater certainty, in no event shall the Company be obligated to pay the Termination Fee on more than one occasion or the Parent be required to pay the Reverse Termination Fee on more than one occasion.

**Section 8.3Expenses**

(1)Except as expressly otherwise provided in this Agreement, all out-of-pocket third party transaction expenses incurred in connection with this Agreement and the Plan of Arrangement and the transactions contemplated hereunder and thereunder, including all costs, expenses and fees of the Company incurred prior to or after the Effective Time in connection with, or incidental to, the Plan of Arrangement, shall be paid by the Party incurring such expenses, whether or not the Arrangement is consummated; <u>provided</u>, that the Purchaser and the Company shall each pay one half of the filing fees required to obtain Regulatory Approvals (and non-refundable sales Taxes applicable thereto).

(2)The Company confirms that other than the fees disclosed in <u>Section 8.3(2)</u> of the Company Disclosure Letter, no broker, finder or investment banker is or will be entitled to any brokerage, finder's or other fee or commission in connection with the transactions contemplated by this Agreement.

**Section 8.4Notices**

Any notice, or other communication given regarding the matters contemplated by this Agreement must be in writing, sent by personal delivery, courier or electronic mail (provided confirmation of receipt is acknowledged by return electronic mail from the recipient) addressed:

to the Purchaser and the Parent at:

&nbsp;&nbsp;&nbsp;&nbsp;LKQ Corporation<br>500 W. Madison Street, Suite 2800<br>Chicago, IL 60661<br>Attention: Matthew J. McKay&nbsp;&nbsp;&nbsp;&nbsp;<br>E-mail: mjmckay@lkqcorp.com&nbsp;&nbsp;&nbsp;&nbsp;

with copies (which shall not constitute notice) to:&nbsp;&nbsp;&nbsp;&nbsp;<br>Wachtell, Lipton, Rosen & Katz<br>51 W 52nd Street<br>New York, NY 10019<br>Attention:&nbsp;&nbsp;&nbsp;&nbsp;Mark Gordon<br>&nbsp;&nbsp;&nbsp;&nbsp;Mark A. Stagliano<br>E-mail:&nbsp;&nbsp;&nbsp;&nbsp;mgordon@wlrk.com<br>&nbsp;&nbsp;&nbsp;&nbsp;mastagliano@wlrk.com

and

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&nbsp;&nbsp;&nbsp;&nbsp;Davies Ward Phillips & Vineberg LLP<br>155 Wellington Street West<br>Toronto, ON, M5V 3J7<br>Attention:&nbsp;&nbsp;&nbsp;&nbsp;Vincent A. Mercier<br>&nbsp;&nbsp;&nbsp;&nbsp;Olivier Désilets<br>E-mail:&nbsp;&nbsp;&nbsp;&nbsp;vmercier@dwpv.com<br>&nbsp;&nbsp;&nbsp;&nbsp;odesilets@dwpv.com

to the Company at:

&nbsp;&nbsp;&nbsp;&nbsp;Uni-Select Inc.<br>170 Industriel Blvd. <br>Boucherville, Québec, Canada<br>Attention: Chief Legal Officer&nbsp;&nbsp;&nbsp;&nbsp;<br>E-mail: mrogan@uniselect.com&nbsp;&nbsp;&nbsp;&nbsp;

with a copy (which shall not constitute notice) to:&nbsp;&nbsp;&nbsp;&nbsp;<br>Fasken Martineau DuMoulin LLP<br>800 Square Victoria, Suite 3500<br>Montreal, QC, H4Z 1E9

&nbsp;&nbsp;&nbsp;&nbsp;Attention:&nbsp;&nbsp;&nbsp;&nbsp;Jean Michel Lapierre&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;Marie-Josée Neveu<br>E-mail:&nbsp;&nbsp;&nbsp;&nbsp;jmlapierre@fasken.com<br>&nbsp;&nbsp;&nbsp;&nbsp;mneveu@fasken.com

or such other address or email as such party may hereafter specify by notice to the other Parties hereto. Any notice or other communication is deemed to be given and received (1) if sent by personal delivery or same day courier, on the date of delivery if it is a Business Day and the delivery was made prior to 5:00 p.m. (local time in place of receipt) and otherwise on the next Business Day, (2) if sent by overnight courier, on the next Business Day, or (3) if sent by electronic mail, upon confirmation of receipt by the recipient if it is a Business Day and confirmation was received prior to 5:00 p.m. (local time in place of delivery of receipt), and otherwise on the Business Day following receipt of the confirmation.

**Section 8.5Time of the Essence**

Time is of the essence in this Agreement.

**Section 8.6Remedies; Injunctive Relief**

(1)The Parties agree that irreparable harm would occur for which money damages would not be an adequate remedy at law in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the Parties shall be entitled to injunctive and other equitable relief to prevent breaches or threatened breaches of this Agreement, and to enforce compliance with the terms of this Agreement without any requirement for the securing or posting of any bond in connection with the obtaining of any such injunctive or other

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equitable relief, this being in addition to any other remedy to which the Parties may be entitled at law or in equity.

(2)The Parties hereby acknowledge and agree that the synergies, operating efficiencies and similar benefits that may be realized from the Arrangement and the other transactions contemplated by this Agreement are, and are intended to be, solely for the benefit of the Purchaser and the Parent and not any other Person (including the Company, any of its Subsidiaries or any Company Securityholders), and in no circumstances shall such synergies, operating efficiencies or similar benefits be considered in determining the amount of damages resulting from any breach of this Agreement by the Parent or the Purchaser or any inaccuracy of any representation or warranty made by the Parent or the Purchaser in this Agreement, and the Company agrees that it shall not take any contrary position in any Action relating to or arising out of this Agreement.

**Section 8.7Third Party Beneficiaries**

(1)Except as provided in <u>Section 2.7</u>, <u>Section 4.6(4)</u>, <u>Section 4.9</u>, <u>Section 4.14(6)</u>, <u>Section 8.14</u> and <u>Section 8.17</u>, which, without limiting their terms, are intended as stipulations for the benefit of the third Persons mentioned in such provisions (such third Persons referred to in this <u>Section 8.7</u> as the "**Third Party Beneficiaries**"), the Company, the Purchaser and the Parent intend that this Agreement will not benefit or create any right or cause of action in favour of any Person, other than the Parties, and that no Person, other than the Parties, shall be entitled to rely on or enforce the provisions of this Agreement in any Action.

(2)Despite the foregoing, the Parties acknowledge to each of the Third Party Beneficiaries their direct rights against the applicable Party as expressly set forth in <u>Section 2.7</u>, <u>Section 4.6(4)</u>, <u>Section 4.9</u>, <u>Section 4.14(6)</u>, <u>Section 8.14</u> and <u>Section 8.17</u>, as the case may be, which are intended for the benefit of, and shall be enforceable by, each Third Party Beneficiary, his or her heirs and his or her legal representatives, and for such purpose, the Company confirms that it is acting as agent on their behalf, and agrees to enforce such provisions on their behalf.

**Section 8.8Waiver**

No waiver of any of the provisions of this Agreement will constitute a waiver of any other provision (whether or not similar). No waiver will be binding unless executed in writing by the Party or Parties to be bound by the waiver. A Party's failure or delay in exercising any right or remedy under this Agreement will not operate as a waiver of such right or remedy. A single or partial exercise of any right or remedy will not preclude a Party from any other or further exercise of that right or the exercise of any other right or remedy.

**Section 8.9Entire Agreement**

This Agreement, together with the Confidentiality Agreement, constitutes the entire agreement between the Parties with respect to the transactions contemplated by this Agreement and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the Parties; <u>provided</u>, that to the extent any provisions of the Confidentiality Agreement conflict with the terms of this Agreement, the terms of this Agreement shall prevail. There are no representations, warranties, covenants, conditions or other agreements, express or implied, collateral, statutory or otherwise, between the Parties in connection with the subject matter of this Agreement, except as specifically set forth in this Agreement.

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**Section 8.10Successors and Assigns**

(1)This Agreement becomes effective only when executed by the Company, the Purchaser and the Parent. After that time, it will be binding upon and enure to the benefit of the Company, the Purchaser, the Parent and their respective successors and permitted assigns.

(2)Neither this Agreement nor any of the rights or obligations under this Agreement are assignable or transferable by any Party without the prior written consent of the other Parties; <u>provided</u>, that the Purchaser may assign all or part of its rights under this Agreement to, and its obligations under this Agreement may be assumed by, any of its affiliates; <u>provided</u>, however, that no such assignment shall relieve the Purchaser of any of its obligations hereunder.

**Section 8.11Severability**

If any provision of this Agreement is determined to be illegal, invalid or unenforceable by any court of competent jurisdiction, that provision will be severed from this Agreement and the remaining provisions shall remain in full force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the fullest extent possible.

**Section 8.12Governing Law**

(1)This Agreement will be governed by and interpreted and enforced in accordance with the laws of the Province of Québec and the federal laws of Canada applicable therein.

(2)Each Party irrevocably attorns and submits to the non-exclusive jurisdiction of the Québec courts situated in the judicial district of Montreal and waives objection to the venue of any proceeding in such court or that such court provides an inconvenient forum.

**Section 8.13Rules of Construction**

The Parties to this Agreement waive the application of any Law or rule of construction providing that ambiguities in any agreement or other document shall be construed against the party drafting such agreement or other document.

**Section 8.14No Liability**

No director or officer of the Parent or the Purchaser shall have any personal liability whatsoever to the Company or any other Person under this Agreement or any other document delivered in connection with the transactions contemplated hereby on behalf of the Parent or the Purchaser. No director or officer of the Company or any of its Subsidiaries shall have any personal liability whatsoever to the Parent or the Purchaser or any other Person under this Agreement or any other document delivered in connection with the transactions contemplated hereby on behalf of the Company or any of its Subsidiaries.

**Section 8.15Language**

The Parties expressly acknowledge that they have requested that this Agreement and all ancillary and related documents thereto be drafted in the English language only. *Les parties aux* 

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*présentes reconnaissent avoir exigé que la présente entente et tous les documents qui y sont accessoires soient rédigés en anglais seulement.*

**Section 8.16Counterparts**

This Agreement may be executed in any number of counterparts (including facsimile or electronic counterparts) and all such counterparts taken together shall be deemed to constitute one and the same instrument. The Parties shall be entitled to rely upon delivery of an executed facsimile or electronic copy of this Agreement, and such facsimile or electronic copy shall be legally effective to create a valid and binding agreement between the Parties.

**Section 8.17 Certain Financing Provisions**

Notwithstanding anything in this Agreement to the contrary, the Company on behalf of itself, its Subsidiaries and each of its controlled affiliates hereby: (1) agrees that any Action, whether in law or in equity, whether in contract or in tort or otherwise, involving the Financing Parties, arising out of or relating to this Agreement, the Financing or any of the agreements (including any applicable commitment letter) entered into in connection with the Financing or any of the transactions contemplated hereby or thereby or the performance of any services thereunder shall be subject to the exclusive jurisdiction of any Federal or state court in the Borough of Manhattan, New York, New York, so long as such forum is and remains available, and any appellate court thereof, and each Party hereto irrevocably submits itself and its property with respect to any such Action to the exclusive jurisdiction of such court; (2) agrees that any such Action shall be governed by, and construed in accordance with, the laws of the State of New York (without giving effect to any conflicts of law principles that would result in the application of the laws of another state), except as otherwise provided in any applicable commitment letter or other applicable definitive document relating to the Financing; (3) agrees not to bring or support or permit any of its controlled affiliates to bring or support any Proceeding of any kind or description, whether in law or in equity, whether in contract or in tort or otherwise, against any Financing Party in any way arising out of or relating to this Agreement, the Financing, any commitment letter relating thereto or any of the transactions contemplated hereby or thereby or the performance of any services thereunder in any forum other than any Federal or state court in the Borough of Manhattan, New York, New York; (4) irrevocably waives, to the fullest extent that it may effectively do so, the defense of an inconvenient forum to the maintenance of such Action in any such court; (5) knowingly, intentionally and voluntarily waives, to the fullest extent permitted by applicable Law, trial by jury in any Action brought against the Financing Parties in any way arising out of or relating to this Agreement, the Financing, any commitment letter relating thereto or any of the transactions contemplated hereby or thereby or the performance of any services thereunder; (6) agrees that neither the Company nor any of its Subsidiaries nor any of their respective affiliates or Representatives shall have any rights or claims against any Financing Party relating to or arising out of this Agreement, the Financing, any commitment letter relating thereto or any of the transactions contemplated hereby or thereby or the performance of any services thereunder; (7) agrees that none of the Financing Parties will have any liability to the Company or any of its Subsidiaries or any of their respective affiliates or Representatives relating to or arising out of this Agreement, the Financing, any commitment letter relating thereto or any of the transactions contemplated hereby or thereby or the performance of any services thereunder, whether in law or in equity, whether in contract or in tort or otherwise; and (8) agrees that (and each other Party hereto agrees that) the Financing Parties are express third party beneficiaries of, and may enforce, any of the provisions of this <u>Section 8.17</u>, and such provisions and the definition of "Financing Parties" shall not be amended in any way adverse to the Financing Parties without the prior written consent of the Financing Entities. The provisions of this <u>Section 8.17</u> shall survive any termination of this Agreement.

[*Remainder of page intentionally left blank. Signature pages follow.*]

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**IN WITNESS WHEREOF** the Parties have executed this Arrangement Agreement as of the date first written above.

**UNI-SELECT INC.** 

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Brian McManus&nbsp;&nbsp;&nbsp;&nbsp;</u><br>Name:&nbsp;&nbsp;&nbsp;&nbsp;Brian McManus<br>Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Anthony Pagano&nbsp;&nbsp;&nbsp;&nbsp;</u><br>Name:&nbsp;&nbsp;&nbsp;&nbsp;Anthony Pagano<br>Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer

[*Signature Page to Arrangement Agreement*]

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**LKQ CORPORATION**

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Dominick Zarcone&nbsp;&nbsp;&nbsp;&nbsp;</u><br>Name:&nbsp;&nbsp;&nbsp;&nbsp;Dominick Zarcone<br>Title:&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive &nbsp;&nbsp;&nbsp;&nbsp;Officer

**9485-4692 QUÉBEC INC.**

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Dominick Zarcone&nbsp;&nbsp;&nbsp;&nbsp;</u><br>Name:&nbsp;&nbsp;&nbsp;&nbsp;Dominick Zarcone<br>Title:&nbsp;&nbsp;&nbsp;&nbsp;Officer

[*Signature Page to Arrangement Agreement*]

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**Schedule A – Plan of Arrangement**

**PLAN OF ARRANGEMENT UNDER CHAPTER XVI – DIVISION II<br>OF THE BUSINESS CORPORATIONS ACT (QUÉBEC)**

(Please see attached.)

A - 1

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**PLAN OF ARRANGEMENT UNDER CHAPTER XVI – DIVISION II<br>OF THE<br>*BUSINESS CORPORATIONS ACT* (QUÉBEC)**

**Article 1Article 1<br>INTERPRETATION**

**1.1Definitions**

Unless indicated otherwise, where used in this Plan of Arrangement, capitalized terms used but not defined shall have the meanings specified in the Arrangement Agreement and the following terms shall have the following meanings (and grammatical variations of such terms shall have corresponding meanings):

"**Arrangement**" means the arrangement of the Company under Chapter XVI – Division II of the QBCA on the terms and subject to the conditions set out in this Plan of Arrangement, subject to any amendments or variations made in accordance with the terms of the Arrangement Agreement or Section 5.1 hereof or made at the direction of the Court in the Final Order with the prior written consent of the Company and the Purchaser, each acting reasonably.

"**Arrangement Agreement**" means the arrangement agreement (including the Schedules thereto) between the Company, the Parent and the Purchaser dated as of February 26, 2023, as amended, restated, supplemented or otherwise modified from time to time in accordance with its terms.

"**Arrangement Resolution**" means the special resolution approving this Plan of Arrangement to be considered at the Company Meeting, substantially in the form set out in Schedule B to the Arrangement Agreement.

"**Cash Change of Control Conversion Price**" has the meaning ascribed thereto in the Trust Indenture.

"**Company**" means Uni-Select Inc., a corporation existing under the laws of the Province of Québec.

"**Company Securities**" means, collectively, the Company Shares, the Options, the DSU Awards, the RSU Awards, the PSU Awards and the Debentures.

"**Company Securityholders**" means, collectively, the Company Shareholders, the holders of Options, the holders of DSU Awards, the holders of RSU Awards, the holders of PSU Awards and the holders of Debentures.

"**Company Shareholders**" means the registered and/or beneficial holders of Company Shares, as the context requires.

"**Company Shares**" means the common shares in the capital of the Company.

"**Consideration**" means $48.00 in cash per Company Share, without interest, subject to adjustment in the manner and in the circumstances contemplated in Section 2.6.

"**Conversion Shares**" has the meaning ascribed thereto in Section 2.3(b).

"**Court**" means the Superior Court of Québec, or other court as applicable.

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"**Debentures**" means the 6.00% convertible senior subordinated unsecured debentures due December 18, 2026 issued pursuant to the Trust Indenture.

"**Dissent Rights**" has the meaning ascribed thereto in Section 3.1.

"**Dissenting Shareholder**" means a registered holder of Company Shares that (a) has validly exercised Dissent Rights in respect of the Arrangement in strict compliance with Article 3, (b) has not withdrawn or been deemed to have withdrawn such exercise of Dissent Rights, and (c) is ultimately entitled to be paid the fair value for such holder's Company Shares, but, for certainty, only in respect of the Company Shares in respect of which Dissent Rights are validly exercised by such holder.

"**DSU Award**" means an award of deferred share units corresponding to Company Shares issued under the DSU Plan.

"**DSU Plan**" means the Amended and Restated Deferred Share Unit Plan for the Members of the Board of Directors and Officers of Uni-Select Inc. and Affiliates, dated March 15, 2022.

"**Effective Date**" means the date shown on the Certificate of Arrangement giving effect to the Arrangement.

"**Effective Time**" means 12:01 a.m. on the Effective Date, or such other time as the Company and the Purchaser agree to in writing before the Effective Date.

"**Enterprise Registrar**" means the Enterprise Registrar appointed by the Minister of Revenue of Québec.

"**Final Order**" means the final order of the Court in a form acceptable to the Company and the Purchaser, each acting reasonably, approving the Arrangement, as such order may be amended by the Court (with the consent of both the Company and the Purchaser, each acting reasonably) at any time prior to the Effective Date or, if appealed, then, unless such appeal is withdrawn or denied, as affirmed or as amended (provided that any such amendment is acceptable to both the Company and the Purchaser, each acting reasonably) on appeal.

"**holder**" means (a) when used with reference to the Company Shares, except where the context otherwise requires, a holder of the Company Shares as shown from time to time on the Share Register; (b) when used with reference to the Options, DSU Awards, RSU Awards and PSU Awards, as the case may be, a holder of Options, DSU Awards, RSU Awards or PSU Awards, as applicable, as shown from time to time on the respective registers or accounts maintained by or on behalf of the Company in respect thereof; and (c) when used with reference to the Debentures, a holder of Debentures as shown from time to time on the register maintained by or on behalf of the Company in respect of the Debentures.

"**Incentive Plans**" means, collectively, the Stock Option Plan, the DSU Plan, the RSU Plan and the PSU Plans.

"**Interim Order**" means the interim order of the Court in a form acceptable to the Company and the Purchaser, each acting reasonably, providing for, among other things, the calling and holding of the Company Meeting, as such order may be amended by the Court with the consent of the Company and the Purchaser, each acting reasonably.

"**Investor Rights Agreement**" means that certain amended and restated investor rights agreement, made as of March 15, 2022, between the Company, Birch Hill Equity Partners Management Inc., Birch Hill Equity Partners V, LP, Birch Hill Equity Partners

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(US) V, LP and Birch Hill Equity Partners (Entrepreneurs) V, LP, as in effect on the date hereof.

"**Letter of Transmittal**" means the letter of transmittal sent or to be sent by or on behalf of the Company to holders of Company Shares for use in connection with the Arrangement.

"**Option**" means an option to purchase Company Shares issued pursuant to the Stock Option Plan.

"**Parent**" means LKQ Corporation, a Delaware corporation.

"**Parties**" means the Company, the Parent and the Purchaser, and "**Party**" means any one of them.

"**Performance Factor**" means (a) with respect to Annual PSU Awards, (i) granted in 2020 (if any remain outstanding at the Effective Time), 1.890, (ii) granted in 2021, 1.835, and (iii) granted in 2022, 1.00, and (b) with respect to Co-Investment PSU Awards, (i) granted in respect of the "Corporate Office and Others", "Canadian Automotive Group" and "FinishMaster U.S." reportable segments of the Company (as reported in the Company Filings), 2.000, and (ii) granted in respect of the "GSF Car Parts U.K." reportable segment of the Company (as reported in the Company Filings), 1.000.

"**Person**" includes any individual, partnership, corporation, limited liability company, joint stock company, organization, unincorporated organization or association, trust, joint venture, estate, trustee, executor, administrator, legal representative, government (including Governmental Entity), syndicate, association or other entity, whether or not having legal status.

"**Plan of Arrangement**" means this plan of arrangement under Chapter XVI – Division II of the QBCA, subject to any amendments or variations made in accordance with the Arrangement Agreement or Section 5.1 hereof or made at the direction of the Court in the Final Order with the prior written consent of the Company and the Purchaser, each acting reasonably.

"**Plan Trust**" means the trust established pursuant to the employee benefit plan trust agreement dated as of December 3, 2021 between the Company and the Plan Trustee for purposes of acquiring and holding Company Shares in furtherance of settlement of RSU Awards and PSU Awards.

"**Plan Trustee**" means Computershare Trust Company of Canada.

"**PSU Award**" means an award of performance share units corresponding to Company Shares issued under either of the PSU Plans; provided that (a) any reference herein to an "**Annual PSU Award**" shall be construed as a reference to a PSU Award issued by the Company as part of its usual recurring annual grant of PSU Awards to eligible Company Employees, and (b) any reference herein to a "**Co-Investment PSU Award**" shall be construed as a reference to a PSU Award issued by the Company subject to the satisfaction of vesting conditions relating to the achievement of certain share ownership guidelines by the holder thereof; in each case, as specified on the register of PSU Awards maintained by or on behalf of the Company; and provided further that each PSU Award must be either an Annual PSU Award or a Co-Investment PSU Award (but not both).

"**PSU Plans**" means, collectively, the Performance Share Unit Plan for the Senior Management of Uni-Select Inc. and Affiliates, as amended and restated on

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November 14, 2018 and the Performance Share Unit Plan for Employees of Uni-Select Inc. and Affiliates, dated February 17, 2022.

"**Purchaser**" means 9485-4692 Québec Inc., a corporation existing under the laws of the Province of Québec.

"**Purchaser Loan**" means a non-interest bearing demand loan from the Purchaser or the Parent to the Company denominated in Canadian dollars in an aggregate principal amount equal to the aggregate amount of cash required by the Company to make the payments in Sections 2.3(b)(x), 2.3(c) and 2.3(g), which shall be evidenced by way of a non-interest bearing demand promissory note granted by the Company in favour of the Purchaser or the Parent, as the case may be.

"**QBCA**" means the *Business Corporations Act* (Québec).

"**RSU Award**" means an award of restricted share units corresponding to Company Shares issued under the RSU Plan.

"**RSU Plan**" means the Amended and Restated Restricted Share Unit Plan for the Senior Management of Uni-Select Inc. and Affiliates., dated February 17, 2022.

"**Share Register**" means the register of the Company Shares maintained by or on behalf of the Company.

"**Settled Share Units**" has the meaning ascribed thereto in Section 2.3(e).

"**Stock Option Plan**" means the Amended and Restated Stock Option Plan of Uni-Select Inc., dated March 15, 2022.

"**Tax Act**" means the *Income Tax Act* (Canada).

"**Trust Indenture**" means that certain Trust Indenture between the Company and AST Trust Company (Canada), as debenture trustee, providing for the issue of Debentures, dated as of December 18, 2019.

"**Trust Share**" means a Company Share held in the Plan Trust by the Plan Trustee immediately prior to the Effective Time.

"**Vesting Multiple**" means (a) with respect to Annual PSU Awards, (i) granted in 2020 (if any remain outstanding at the Effective Time), 1.000, (ii) granted in 2021, ⅔, and (iii) granted in 2022, ⅓, and (b) with respect to Co-Investment PSU Awards, 1.000.

**1.2Certain Rules of Interpretation**

In this Plan of Arrangement, unless otherwise specified:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Headings, etc</u>. The division of this Plan of Arrangement into Articles and Sections and the insertion of headings are for convenient reference only and do not affect the construction or interpretation of this Plan of Arrangement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Currency</u>. All references to dollars or to $ are references to Canadian dollars, unless specified otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Gender and Number</u>. Any reference to gender includes all genders. Words importing the singular number only include the plural and vice versa.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)<u>Certain Phrases, etc</u>. The words (i) "including", "includes" and "include" mean "including (or includes or include) without limitation," (ii) "the aggregate of", "the total of", "the sum of", or a phrase of similar meaning means "the aggregate (or total or sum), without duplication, of," (iii) "to the extent" means the degree to which a subject or other thing extends (and such words shall not mean simply "if"); and (iv) unless stated otherwise, "Article" and "Section", followed by a number or letter mean and refer to the specified Article or Section of this Plan of Arrangement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)<u>Statutes</u>. Any reference to a statute refers to such statute and all rules, resolutions and regulations made under it, as it or they may have been or may from time to time be amended or re-enacted, unless stated otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)<u>Computation of Time</u>. A period of time is to be computed as beginning on the day following the event that began the period and ending at 5:00 p.m. on the last day of the period, if the last day of the period is a Business Day, or at 5:00 p.m. on the next Business Day if the last day of the period is not a Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)<u>Time References</u>. References to time herein or in any Letter of Transmittal are to local time, Montreal, Québec.

**Article 2Article 2<br>THE ARRANGEMENT**

**2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arrangement Agreement**

This Plan of Arrangement is made pursuant to, and subject to the terms and conditions of, the Arrangement Agreement.

**2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Binding Effect**

This Plan of Arrangement and the Arrangement, upon the filing of the Articles of Arrangement and the issuance of the Certificate of Arrangement, will become effective, and be binding on the Parent, the Purchaser, the Company, all holders and beneficial owners of Company Securities, including Dissenting Shareholders, the Plan Trust, the Plan Trustee, the registrar and transfer agent of the Company, the Depositary and all other Persons, at and after, the Effective Time without any further act or formality required on the part of any Person.

**2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arrangement**

At the Effective Time each of the following events shall occur and shall be deemed to occur sequentially as set out below without any further authorization, act or formality, in each case, unless stated otherwise, effective as at five-minute intervals starting at the Effective Time:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Purchaser or the Parent, as the case may be, shall make the Purchaser Loan to the extent required by the Company to make the payments in Sections 2.3(b)(x), 2.3(c) and 2.3(g);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)(x) each holder of Debentures shall be paid by the Company any accrued but unpaid interest on the Debentures held by such holder up to but excluding the Effective Date (less any applicable withholdings in accordance with Section 4.3), and (y) all Debentures outstanding immediately prior to the Effective Time, notwithstanding the terms of the Debentures or the Trust Indenture, shall, and shall be deemed to be, without any further action by or on behalf of a holder of Debentures or any other Person (including any debenture trustee under the Trust Indenture), converted into a number of Company Shares (the "**Conversion Shares**") equal to the quotient obtained by dividing the aggregate principal

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amount outstanding in respect of such Debentures by the Cash Change of Control Conversion Price (less any applicable withholdings in accordance with Section 4.3) and surrendered for cancellation by each holder thereof (provided that such holder shall not be entitled to any certificate or any other instrument evidencing the Conversion Shares), and:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)all such Debentures shall immediately be cancelled;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)each such holder shall cease to be a holder of such Debentures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)each such holder's name shall be removed from the register of the Debentures maintained by or on behalf of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the Trust Indenture and any related instrument or agreement shall be terminated and shall be of no further force or effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)each such holder shall thereafter cease to have any rights as a holder of Debentures (other than, for certainty, as a holder of Company Shares), and shall thereafter have only the right to receive the Consideration to which such holder is entitled, in its capacity as a holder of Company Shares, pursuant to Section 2.3(i) at the time and in the manner specified in Section 4.1; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)the name of each holder of such Conversion Shares shall be entered in the Share Register as a holder of such Conversion Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)each Option (whether vested or unvested) outstanding immediately prior to the Effective Time, notwithstanding the terms of the Stock Option Plan or any option, award or similar agreement pursuant to which such Option was awarded or granted, shall be deemed to be vested and exercisable, and such Option shall, without any further action by or on behalf of a holder of Options, be deemed to be assigned and transferred by such holder to the Company in exchange for a cash payment from the Company equal to the amount (if any) by which the Consideration exceeds the exercise price of such Option (less any applicable withholdings in accordance with Section 4.3), and such Option shall immediately be cancelled and, for greater certainty, where such amount is a negative, neither the Company nor the Purchaser shall be obligated to pay the holder of such Option any amount in respect of such Option;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)(i) each DSU Award (whether vested or unvested) outstanding immediately prior to the Effective Time, notwithstanding the terms of the DSU Plan or any award or similar agreement pursuant to which such DSU Award was awarded or granted, shall be deemed to be vested; (ii) each RSU Award (whether vested or unvested) outstanding immediately prior to the Effective Time, notwithstanding the terms of the RSU Plan or any award or similar agreement pursuant to which such RSU Award was awarded or granted, shall be deemed to be vested; and (iii) each PSU Award (whether vested or unvested) outstanding immediately prior to the Effective Time, notwithstanding the terms of the PSU Plans, as applicable, or any award or similar agreement pursuant to which such PSU Award was awarded or granted, shall be deemed to be vested into a number of vested PSU Awards equal to the product obtained by multiplying each such PSU Award by the applicable Vesting Multiple and by the applicable Performance Factor, and each PSU Award that remains unvested shall, without any further action by or on behalf of a holder thereof, immediately be cancelled;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)an aggregate number of vested RSU Awards and PSU Awards outstanding immediately following the step contemplated in Section 2.3(d), notwithstanding the terms of the Plan Trust, RSU Plan, PSU Plans or any award or similar

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agreement pursuant to which each such RSU Award or PSU Award, as the case may be, was awarded or granted, equal to the aggregate number of Trust Shares (all such RSU Awards and PSU Awards, collectively, the "**Settled Share Units**") shall be settled in exchange for one Company Share for each such whole Settled Share Unit (and on a fractional basis thereafter), and each such Trust Share shall, without any further action by or on behalf of a holder of Settled Share Units or any other Person (including the Company, the Plan Trustee or the Plan Trust), thereupon be held by the Plan Trustee in the Plan Trust for and on behalf of the holder of each such Settled Share Unit (subject to any applicable withholdings in accordance with Section 4.3) (provided that neither such holder nor the Plan Trustee shall be entitled to any certificate or any other instrument evidencing the Trust Shares), and such Settled Share Unit shall immediately be cancelled (it being understood that, for purposes of the foregoing, the RSU Awards and PSU Awards settled in accordance with this Section 2.3(e) shall be settled by allocating Trust Shares in descending order among the holders of RSU Awards and PSU Awards beginning with the holder having the greatest number of RSU Awards and PSU Awards in the aggregate immediately prior to the Effective Time);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)each Trust Share shall, without any further action by or on behalf of the Plan Trustee, the Plan Trust or a former holder of Settled Share Units, be deemed to be assigned and transferred by the holder thereof to the Purchaser (free and clear of all Liens) in exchange for the Consideration and, in connection therewith, a portion of the amount held by the Depositary as agent for and on behalf of the Purchaser equal to the aggregate Consideration payable in respect of all of the Trust Shares shall thereupon be held by the Depositary as agent for and on behalf of holders of Settled Share Units (which amount, following the completion of the Plan of Arrangement, shall be transferred to the Company to be held on behalf of the applicable holders thereof and paid to such holders in accordance with Section 4.1(c) (subject to any applicable withholdings in accordance with Section 4.3));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)each DSU Award outstanding immediately prior to the Effective Time and each RSU Award and PSU Award that remains outstanding (excluding, for the avoidance of doubt, any Settled Share Units settled in accordance with Section 2.3(e)), notwithstanding the terms of the DSU Plan, the RSU Plan or the PSU Plans, as applicable, or any award or similar agreement pursuant to which such DSU Award, RSU Award or PSU Award was awarded or granted, as the case may be, shall, without any further action by or on behalf of the holder thereof, be deemed to be assigned and transferred by such holder to the Company in exchange for a cash payment from the Company equal to the Consideration (in each case, less any applicable withholdings in accordance with Section 4.3), and each such DSU Award, RSU Award and PSU Award shall immediately be cancelled;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)each Company Share held by a Dissenting Shareholder in respect of which Dissent Rights have been validly exercised shall, without any further action by or on behalf of such Dissenting Shareholder, be deemed to be assigned and transferred by such Dissenting Shareholder to the Purchaser (free and clear of all Liens) in consideration for the right to be paid the fair value of such Dissenting Shareholder's Company Share in accordance with Article 3 (subject to any applicable withholdings in accordance with Section 4.3); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)each Company Share outstanding immediately prior to the Effective Time (other than, for certainty, any Trust Share or any Company Share held by a Dissenting Shareholder that has validly exercised such Dissenting Shareholder's Dissent Rights in respect of such Company Share, but including, for certainty, the Conversion Shares) shall, without any further action by or on behalf of a holder of

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Company Shares, be deemed to be assigned and transferred by the holder thereof to the Purchaser (free and clear of all Liens) in exchange for the Consideration (subject to any applicable withholdings in accordance with Section 4.3).

**2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transfer Mechanics**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)With respect to each Option, DSU Award, RSU Award and PSU Award deemed to be assigned and transferred to the Company by a holder thereof pursuant to Section 2.3(c) and Section 2.3(g), as the case may be, the following shall be deemed to occur as of the time of such assignment and transfer (as applicable):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)each such holder shall cease to be a holder of such Option, DSU Award, RSU Award and PSU Award, as the case may be;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)each such holder's name shall be removed from each applicable register of Options, DSU Awards, RSU Awards and PSU Awards, as the case may be, maintained by or on behalf of the Company as the holder thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)each Incentive Plan and any option, award or similar agreement pursuant to which such Option, DSU Award, RSU Award and PSU Award, as the case may be, was awarded or granted shall be terminated and shall be of no further force or effect; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)each such holder shall thereafter cease to have any rights as a holder of such Option, DSU Award, RSU Award and PSU Award, as the case may be, and shall thereafter have only the right to receive the amount to which such holder is entitled pursuant to Section 2.3(c) and Section 2.3(g), as the case may be, at the time and in the manner specified in Section 4.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)With respect to each Trust Share deemed to be assigned and transferred to the Purchaser by a holder thereof pursuant to Section 2.3(f), the following shall be deemed to occur as of the time of such assignment and transfer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)the holder of each such Trust Share shall cease to be the holder thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)each such holder's name shall be removed from the Share Register as the holder of such Trust Share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)the Trust Plan and any related instrument or agreement shall be terminated and shall be of no further force or effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)each such holder shall thereafter cease to have any rights as a holder of Company Shares in respect of such Trust Shares, and shall thereafter have only the right to receive the Consideration to which such holder is entitled pursuant to Section 2.3(f) at the time and in the manner specified in Section 4.1; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)the Purchaser shall be deemed to be the transferee (free and clear of all Liens) of all of the Trust Shares and the legal and beneficial owner thereof and the name of the Purchaser shall be entered in the Share Register as the holder of such Trust Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)With respect to each Company Share in respect of which Dissent Rights have been validly exercised deemed to be assigned and transferred to the Purchaser by a Dissenting Shareholder pursuant to Section 2.3(h), the following shall be deemed to occur as of the time of such assignment and transfer:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)each such Dissenting Shareholder shall cease to be the holder thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)each such Dissenting Shareholder's name shall be removed from the Share Register as the holder of such Company Share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)each such Dissenting Shareholder shall cease to have any rights as a holder of Company Shares, other than the right to be paid fair value for such Company Share (as set out in Section 3.1) pursuant to Section 2.3(h); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the Purchaser shall be deemed to be the transferee (free and clear of all Liens) of all such Company Shares and the legal and beneficial owner thereof and the name of the Purchaser shall be entered in the Share Register as the holder of such Company Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)With respect to each Company Share deemed to be assigned and transferred to the Purchaser by a holder thereof pursuant to Section 2.3(i), the following shall be deemed to occur as of the time of such assignment and transfer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)each such holder shall cease to be the holder thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)each such holder's name shall be removed from the Share Register as the holder of such Company Share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)each such holder shall cease to have any rights as a holder of Company Shares, and each such holder shall thereafter have only the right to receive the Consideration to which such holder is entitled pursuant to Section 2.3(i) at the time and in the manner specified in Section 4.1; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)the Purchaser shall be deemed to be the transferee (free and clear of all Liens) of all of the outstanding Company Shares (including, for certainty, all Company Shares assigned and transferred pursuant to Section 2.3(h)) and the legal and beneficial owner thereof and the name of the Purchaser shall be entered in the Share Register as the holder of such Company Shares.

**2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debenture Interest and Conversion Share Determination**

By no later than the Business Day prior to the Effective Date, the Company and the Purchaser shall cooperate in good faith to determine and agree (a) the aggregate amount payable by the Company pursuant to Section 2.3(b)(x), and (b) the aggregate number of Conversion Shares determined in accordance with Section 2.3(b)(y), and the amounts so determined and agreed shall be set forth on Appendix A to this Plan of Arrangement (such appendix to be incorporated by reference herein and form part of this Plan of Arrangement) in the copy of the Plan of Arrangement attached to the Articles of Arrangement, and the determination and agreement of such amounts shall be conclusively evidenced by the filing of the Articles of Arrangement in accordance with the Arrangement Agreement and such amounts shall constitute the aggregate amount payable by the Company pursuant to Section 2.3(b)(x) and the aggregate number of Conversion Shares determined in accordance with Section 2.3(b)(y) for all purposes of the Arrangement.

**2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustment to Consideration**

If, on or after the date of the Arrangement Agreement, the Company sets a record date for any dividend or other distribution on the Company Shares that is prior to the Effective Time or the Company pays any dividend or other distribution on the Company Shares prior to the Effective Time, then the Consideration shall be reduced by the amount of such dividends or

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distributions, as applicable, on a dollar-for-dollar basis to provide to the Company Shareholders, as applicable, the same economic effect, and so that the aggregate economic cost to the Purchaser, the Parent and their respective Subsidiaries, taking into account any reduction in cash or other assets of the Company or its Subsidiaries as a result thereof, is the same, in each case as contemplated by this Plan of Arrangement and the Arrangement Agreement prior to such action, and the Consideration as so adjusted, from and after the date of such event, shall be the Consideration for all purposes of this Plan of Arrangement; provided, that nothing in this Section 2.6 shall, or shall be construed to, permit the Company to take any action that is restricted by any other provision of this Plan of Arrangement or the Arrangement Agreement.

**Article 3Article 3<br>RIGHTS OF DISSENT**

**3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rights of Dissent**

Registered holders of Company Shares may exercise dissent rights with respect to the Company Shares held by such holders ("**Dissent Rights**") in connection with the Arrangement pursuant to and in the manner set forth in Chapter XIV of the QBCA, as modified by the Interim Order and this Section 3.1; provided that, notwithstanding section 376 of the QBCA, the written notice of intent to exercise the right to demand the purchase of Company Shares contemplated by section 376 of the QBCA must be received by the Company no later than 5:00 p.m. two Business Days immediately preceding the date of the Company Meeting, and provided that such notice of intent must otherwise comply with the requirements of the QBCA. Dissenting Shareholders that duly exercise their Dissent Rights shall be deemed to have transferred the Company Shares held by them and in respect of which Dissent Rights have been validly exercised to the Purchaser (free and clear of all Liens) as provided in Section 2.3(h) and if they:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)ultimately are entitled to be paid fair value for such Company Shares:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)shall be deemed not to have participated in the transactions in Article 2 (other than Section 2.3(h));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)will be entitled to be paid the fair value of such Company Shares (subject to any applicable withholdings in accordance with Section 4.3), which fair value, notwithstanding anything to the contrary contained in Chapter XIV of the QBCA, shall be determined as of the close of business on the day before the Arrangement Resolution was adopted at the Company Meeting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)will not be entitled to any other payment or consideration, including any payment that would be payable under the Arrangement, had such Dissenting Shareholders not exercised their Dissent Rights in respect of such Company Shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)ultimately are not entitled, for any reason, to be paid fair value for such Company Shares, shall be deemed to have participated in the Arrangement on the same basis as a non-dissenting holder of Company Shares and shall be entitled to receive only the Consideration in the same manner as such non-dissenting holders.

**3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recognition of Dissenting Shareholders**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)In no circumstances shall the Parent, the Purchaser, the Company or any other Person be required to recognize a Person exercising Dissent Rights unless such Person is the registered holder of those Company Shares in respect of which such rights are sought to be exercised.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)For greater certainty, in no case shall the Parent, the Purchaser, the Company or any other Person be required to recognize Dissenting Shareholders as holders of Company Shares in respect of which Dissent Rights have been validly exercised after the completion of the assignment and transfer under Section 2.3(h), and the names of such Dissenting Shareholders shall be removed from the Share Register in respect of which Dissent Rights have been validly exercised at the same time as the event described in Section 2.3(h) occurs. In addition to any other restrictions under Chapter XIV of the QBCA, none of the following shall be entitled to exercise Dissent Rights: (i) holders of Options, holders of DSU Awards, holders of RSU Awards or holders of PSU Awards; (ii) holders of Debentures; (iii) Company Shareholders that have failed to exercise all the voting rights carried by the Company Shares held by such Company Shareholders against the Arrangement Resolution; and (iv) any other Person that is not a registered holder of those Company Shares as of the record date for the Company Meeting.

**Article 4Article 4<br>CERTIFICATES AND PAYMENTS**

**4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment of Consideration**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Following receipt of the Final Order and immediately prior to the filing of the Articles of Arrangement, the Purchaser shall deposit, or arrange to be deposited, for the benefit of holders of Company Shares, cash with the Depositary in the aggregate amount equal to the payments in respect thereof required by this Plan of Arrangement, with the amount per Company Share in respect of which Dissent Rights have been exercised being deemed to be the Consideration for this purpose, net of applicable withholdings for the benefit of the holders of Company Shares. The cash deposited with the Depositary by or on behalf of the Purchaser shall be held in an interest-bearing account, and any interest earned on such funds shall be for the account of the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Upon surrender to the Depositary for cancellation of a certificate which immediately prior to the Effective Time represented outstanding Company Shares that were transferred pursuant to Section 2.3(i), together with a duly completed and executed Letter of Transmittal and such additional documents and instruments as the Depositary may reasonably require, the holder of Company Shares represented by such surrendered certificate shall be entitled to receive in exchange therefor, and the Depositary shall deliver to such holder, the cash which such holder has the right to receive under the Arrangement for such Company Shares less any amounts withheld pursuant to Section 4.3, and any certificate so surrendered shall forthwith be cancelled. For the avoidance of doubt, holders of Debentures who received Conversion Shares pursuant to Section 2.3(b) and holders of Settled Share Units who received Trust Shares pursuant to Section 2.3(e) shall not receive certificates representing such Conversion Shares or Trust Shares, as applicable, and, accordingly, shall not be required to deliver any such certificates in respect of Conversion Shares or Trust Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)On the Effective Date or as soon as practicable thereafter, the Company shall pay the amounts, net of applicable withholdings, to be paid to former holders of Trust Shares, Options, DSU Awards, RSU Awards and PSU Awards, either (i) pursuant to the normal payroll practices and procedures of the Company, or (ii) in the event that payment pursuant to the normal payroll practices and procedures of the Company is not practicable for any such holder, by cheque delivered to the address of each such holder of Trust Shares, Options, DSU Awards, RSU Awards and PSU Awards, as applicable, as reflected on the respective registers or accounts maintained by or on behalf of the Company in respect thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)On the Effective Date or as soon as practicable thereafter, the Company shall pay the amounts, net of applicable withholdings under Section 4.3, to be paid to former holders of Debentures pursuant to Section 2.3(b)(x) by cheque delivered to the address of each such holder of Debentures, as reflected on the register of the Debentures maintained by or on behalf of the Company.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Until surrendered as contemplated by this Section 4.1, each certificate that immediately prior to the Effective Time represented Company Shares shall be deemed after the Effective Time to represent only the right to receive upon such surrender a cash payment in lieu of such certificate as contemplated in this Section 4.1, less any amounts withheld pursuant to Section 4.3. Any such certificate formerly representing Company Shares not duly surrendered on or before the third anniversary of the Effective Date shall cease to represent a claim by or interest of any former holder of Company Shares of any kind or nature against or in the Company, the Parent or the Purchaser. On such date, all cash to which such former holder was entitled shall be deemed to have been surrendered to the Purchaser or the Company, as applicable, and shall be paid over by the Depositary to the Purchaser or as directed by the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Any payment made by way of cheque by the Depositary (or the Company, if applicable) pursuant to this Plan of Arrangement that has not been deposited or has been returned to the Depositary (or the Company) or that otherwise remains unclaimed, in each case, on or before the third anniversary of the Effective Date, and any right or claim to payment hereunder that remains outstanding on the third anniversary of the Effective Date, in each case, shall cease to represent a right or claim of any kind or nature and the right of the holder to receive the applicable consideration for the Company Shares (including Trust Shares), the Options, the DSU Awards, the RSU Awards, the PSU Awards and the Debentures pursuant to this Plan of Arrangement shall terminate and be deemed to be surrendered and forfeited to the Purchaser or the Company, as applicable, for no consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)No holder of Company Shares (including Trust Shares), Options, DSU Awards, RSU Awards, PSU Awards or Debentures shall be entitled to receive any consideration with respect to such Company Shares, Options, DSU Awards, RSU Awards, PSU Awards or Debentures, other than any cash payment to which such holder is entitled to receive in accordance with Section 2.3 and this Section 4.1 and, for greater certainty, no such holder will be entitled to receive any interest, dividends, premium or other payment in connection therewith.

**4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lost Certificates**

In the event any certificate which immediately prior to the Effective Time represented one or more outstanding Company Shares that were transferred pursuant to Section 2.3 shall have been lost, stolen or destroyed, upon the making of an affidavit of that fact by the Person claiming such certificate to be lost, stolen or destroyed, the Depositary will issue in exchange for such lost, stolen or destroyed certificate, cash deliverable in accordance with such holder's Letter of Transmittal. When authorizing such payment in exchange for any lost, stolen or destroyed certificate, the Person to whom such cash is to be delivered shall as a condition precedent to the delivery of such cash, give a bond satisfactory to the Purchaser and the Depositary (acting reasonably) in such sum as the Purchaser may direct, or otherwise indemnify the Purchaser and the Company in a manner satisfactory to the Purchaser and the Company, acting reasonably, against any claim that may be made against the Purchaser and the Company with respect to the certificate alleged to have been lost, stolen or destroyed.

**4.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Withholding Rights**

Each of the Company, the Purchaser, the Plan Trust, the Plan Trustee and the Depositary, as applicable, shall be entitled to deduct and withhold from any amount payable to any Person under this Plan of Arrangement (including, without limitation, any amounts payable pursuant to Section 3.1), such amounts as the Company, the Purchaser, the Plan Trust, the Plan Trustee or the Depositary determines is required or permitted to be deducted and withheld with respect to such payment under the Tax Act, the Code or any provision of any other Law. To the extent that amounts are so deducted and withheld, such amounts shall be treated for all purposes hereof as having been paid to the Person in respect of which such deduction, withholding and remittance was made, provided that such deducted and withheld amounts are actually remitted to the appropriate Governmental Entity. For greater certainty, and notwithstanding anything to the contrary in this Plan of Arrangement, (a) a holder of any Settled

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Share Units shall be deemed to have directed the Purchaser to pay to the Company, on behalf of such holder, a portion of the Consideration payable to such holder by the Purchaser pursuant to Section 2.3(f) equal to the amount that the Company is required to deduct and withhold in respect of the settlement of any such Settled Share Units, and (b) any deduction or withholding in respect of the Debentures shall be governed by section 6.2 of the Investor Rights Agreement.

**4.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Liens**

Any exchange or transfer of securities pursuant to this Plan of Arrangement shall be free and clear of any Liens or other claims of third parties of any kind.

**4.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paramountcy**

From and after the Effective Time: (a) this Plan of Arrangement shall take precedence and priority over any and all Company Shares (including Trust Shares), Options, DSU Awards, RSU Awards, PSU Awards and Debentures issued or outstanding prior to the Effective Time, (b) the rights and obligations of the Company Securityholders, the Company, the Parent, the Purchaser, the Plan Trustee, the Plan Trust and the Depositary and any transfer agent or other depositary therefor in relation thereto, shall be solely as provided for in this Plan of Arrangement, and (c) all actions, causes of action, claims or proceedings (actual or contingent and whether or not previously asserted) based on or in any way relating to any Company Shares (including Trust Shares), Options, DSU Awards, RSU Awards, PSU Awards and Debentures shall be deemed to have been settled, compromised, released and determined without liability except as set forth in this Plan of Arrangement.

**Article 5Article 5<br>AMENDMENTS**

**5.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendments to Plan of Arrangement**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company and the Purchaser may amend, modify and/or supplement this Plan of Arrangement at any time and from time to time prior to the Effective Time, provided that each such amendment, modification and/or supplement must be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)set out in writing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)approved by the Company and the Purchaser, each acting reasonably;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)filed with the Court and, if made following the Company Meeting, approved by the Court; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)communicated to the Company Shareholders if and as required by the Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Any amendment, modification or supplement to this Plan of Arrangement may be proposed by the Company or the Purchaser at any time prior to the Company Meeting (provided that the Company or the Purchaser, as applicable, shall have consented thereto) with or without any other prior notice or communication, and if so proposed and accepted by the Company Shareholders voting at the Company Meeting (other than as may be required under the Interim Order), shall become part of this Plan of Arrangement for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Any amendment, modification or supplement to this Plan of Arrangement that is approved or directed by the Court following the Company Meeting shall be effective only if (i) it is consented to in writing by each of the Company and the Purchaser (in each case, acting reasonably), and (ii) if and as required by the Court, it is consented to by some or all of the Company Shareholders voting in the manner directed by the Court.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The Company and the Purchaser may, at any time following the Effective Date, amend, modify or supplement this Plan of Arrangement without the approval of the Company Shareholders provided that each such amendment, modification or supplement (i) must be set out in writing, (ii) must concern a matter which, in the reasonable opinion of each of the Company and the Purchaser is of an administrative nature required to better give effect to the implementation of this Plan of Arrangement, (iii) is not adverse to the economic interests of any former Company Shareholders, and (iv) need not be filed with the Court or communicated to former Company Shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)This Plan of Arrangement may be withdrawn at any time prior to the Effective Time in accordance with the Arrangement Agreement.

**Article 6Article 6<br>FURTHER ASSURANCES**

**6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Further Assurances**

Notwithstanding that the transactions and events set out in this Plan of Arrangement shall occur and shall be deemed to occur in the order set out in this Plan of Arrangement without any further authorization, act or formality, each of the Parties shall make, do and execute, or cause to be made, done and executed, all such further acts, deeds, agreements, transfers, assurances, instruments or documents as may reasonably be required by any of them in order to further document or evidence any of the transactions or events set out in this Plan of Arrangement.

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**Schedule B – Arrangement Resolution**

**BE IT RESOLVED THAT:**

1.&nbsp;&nbsp;&nbsp;&nbsp;The arrangement (the "**Arrangement**") under Chapter XVI – Division II of the Business Corporations Act (Québec) of Uni-Select Inc. (the "**Company**"), pursuant to the arrangement agreement (the "**Arrangement Agreement**") among the Company, 9485-4692 Québec Inc. and LKQ Corporation dated February 26, 2023, all as more particularly described and set forth in the management information circular of the Company dated ●, 2023 (the "**Circular**") accompanying the notice of this meeting (as the Arrangement may be modified or amended in accordance with its terms), is hereby authorized, approved and adopted.

2.&nbsp;&nbsp;&nbsp;&nbsp;The plan of arrangement (as it has been or may be amended, modified or supplemented in accordance with the Arrangement Agreement and its terms, the "**Plan of Arrangement**"), the full text of which is set out as Schedule A to the Circular, is hereby authorized, approved and adopted.

3.&nbsp;&nbsp;&nbsp;&nbsp;The (a) Arrangement Agreement and related transactions, (b) actions of the directors of the Company in approving the Arrangement Agreement and (c) the actions of the directors and officers of the Company in executing and delivering the Arrangement Agreement, and any amendments, modifications or supplements thereto, are hereby ratified and approved.

4.&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding that this resolution has been passed (and the Arrangement adopted) by the Company Shareholders (as defined in the Arrangement Agreement) or that the Arrangement has been approved by the Superior Court of Québec (the "**Court**"), the directors of the Company are hereby authorized and empowered, at their discretion, without notice to or approval of the Company Shareholders: (a) to amend, modify or supplement the Arrangement Agreement or the Plan of Arrangement to the extent permitted by the Arrangement Agreement; and (b) subject to the terms of the Arrangement Agreement, not to proceed with the Arrangement.

5.&nbsp;&nbsp;&nbsp;&nbsp;Any officer or director of the Company be and is hereby authorized and directed for and on behalf of the Company to make an application to the Court for an order approving the Arrangement and to execute, under corporate seal or otherwise, and to deliver or cause to be delivered, for filing with the enterprise registrar appointed by the Minister of Revenue of Québec, articles of arrangement and all such other documents and instruments as are necessary or desirable to give effect to the Arrangement in accordance with the Arrangement Agreement, such determination to be conclusively evidenced by the execution and delivery of such articles of arrangement or any such other document or instrument.

6.&nbsp;&nbsp;&nbsp;&nbsp;Any officer or director of the Company be and is hereby authorized and directed for and on behalf of the Company to execute or cause to be executed and to deliver or cause to be delivered, all such other documents and instruments and to perform or cause to be performed all such other acts and things as, in such person's opinion, may be necessary or desirable to give full force and effect to the foregoing resolutions and the matters authorized thereby, such determination to be conclusively evidenced by the execution and delivery of such other document or instrument or the doing of any other such act or thing.

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**Schedule C – Representations and Warranties of the Company**

(1)**Organization and Qualification.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company and each of its Subsidiaries is a corporation or other entity duly incorporated, formed or organized, as applicable, validly existing and in good standing under the laws of the jurisdiction of its incorporation, organization or formation, as applicable, and has all requisite power and authority to own, lease and operate its assets and properties and conduct its business as now owned and conducted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Each of the Company and its Subsidiaries is duly qualified, licensed or registered to carry on business and is in good standing in each jurisdiction in which the character of its assets and properties, owned, leased, licensed or otherwise held, or the nature of its activities, makes such qualification, licensing or registration necessary, except as (i) has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and (ii) would not reasonably be expected to prevent, materially delay or materially impede the consummation of the transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Complete and correct copies of the Constating Documents of the Company as in effect on the date of hereof have been provided to the Parent and the Purchaser, and the Company has not taken any action to amend or succeed such Constating Documents. Neither the Company nor any of its Subsidiaries are in violation of any provisions of their respective Constating Documents.

(2)**Corporate Authorization.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company has the requisite corporate power and authority to enter into and perform its obligations under this Agreement and, subject to obtaining the approval by the Company Shareholders in the manner required by the Interim Order and the Final Order, to consummate the transactions contemplated hereby and to perform each of its obligations hereunder. The execution, delivery and performance by the Company of its obligations under this Agreement and the consummation of the Arrangement and the other transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of the Company and no other corporate proceedings on the part of the Company or any of its Subsidiaries are necessary to authorize this Agreement or the consummation of the Arrangement and the other transactions contemplated hereby, other than approval by the Company Shareholders in the manner required by the Interim Order and Law and approval by the Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Special Committee, after receiving legal and financial advice, has unanimously recommended that the Board approve the Arrangement and the Arrangement Agreement and recommend that the Company Shareholders vote in favour of the Arrangement Resolution, and no action has been taken to amend, withdraw, modify or supersede such recommendation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Board, after receiving legal and financial advice and the recommendation of the Special Committee, (i) has unanimously determined that the Arrangement is in the best interests of the Company and is fair to the Company Shareholders, (ii) resolved to unanimously recommend that the Company Shareholders vote in favour of the Arrangement Resolution and (iii) authorized the entering into of this Agreement and the performance by the Company of its obligations under this

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Agreement, and no action has been taken to amend, withdraw, modify or supersede any of the foregoing.

(3)**Execution and Binding Obligation.** This Agreement has been duly executed and delivered by the Company, and constitutes a legal, valid and binding agreement of the Company enforceable against it in accordance with its terms subject only to any limitation under bankruptcy, insolvency or other Laws affecting the enforcement of creditors' rights generally and the discretion that a court may exercise in the granting of equitable remedies such as specific performance and injunction.

(4)**Governmental Authorization.** The execution, delivery and performance by the Company of its obligations under this Agreement and the consummation of the Arrangement and the other transactions contemplated hereby do not require any Authorization or other action by or in respect of, or filing with, or notification to, any Governmental Entity by the Company or by any of its Subsidiaries other than: (a) the Interim Order and any approvals required by the Interim Order; (b) the Final Order; (c) filings with the Enterprise Registrar under the QBCA; (d) in relation to any Antitrust Laws; and (e) filings with the Securities Authorities and the TSX.

(5)**Non-Contravention.** The execution and delivery by the Company of, and performance by the Company of its obligations under, this Agreement and the consummation of the Arrangement and the other transactions contemplated hereby do not and will not (and would not with the giving of notice, the lapse of time or the happening of any other event or condition):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)contravene, conflict with, or result in any violation, breach or default of the Constating Documents of the Company or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)assuming compliance with the matters referred to in Paragraph (4) above, contravene, conflict with or result in a violation or breach of Law or any applicable Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)except as disclosed in <u>Section 3.1(5)(c)</u> of the Company Disclosure Letter, allow any Person to exercise any rights, require any consent by any Person, contravene, conflict with, result in a violation, breach or default under, or cause or permit the termination, cancellation, acceleration or other change of any right or obligation or the loss of any benefit to which the Company or any of its Subsidiaries are entitled (including by triggering any rights of first refusal or first offer, change in control provision or other restriction or limitation) under, any Contract or any Authorization to which the Company or any of its Subsidiaries is a party or by which any of them, or their respective properties or assets, may be subject or bound; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)result in the creation or imposition of any Lien (other than a Permitted Lien) upon any of the properties or assets of the Company or its Subsidiaries;

except, in the case of each of clauses (b), (c) and (d), as (i) has not had and would not reasonably expected to have, individually or in the aggregate, a Material Adverse Effect and (ii) would not reasonably be expected to prevent, materially delay or materially impede the consummation of the transactions contemplated by this Agreement.

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(6)**Capitalization.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The authorized capital of the Company consists of an unlimited number of Company Shares and an unlimited number of preferred shares, which must not constitute more than twenty percent (20%) of the number of issued and outstanding Company Shares at the time of issuance of any preferred shares. As of the close of business on the Business Day prior to the date of this Agreement, there were 44,272,679 Company Shares issued and outstanding (including (as of February 16, 2023) 402,141 Company Shares held in trust in the Plan Trust for purposes of settlement of RSU Awards and PSU Awards) and no preferred shares issued or outstanding. In addition, as of the date hereof, the Company has issued and outstanding $105,800,000 aggregate principal amount of Debentures, which are convertible into Company Shares in accordance with the terms of the Trust Indenture. All outstanding Company Shares have been duly authorized and validly issued, are fully paid and non-assessable. All of the Company Shares issuable upon the exercise of rights under the Employee Plans governing the Options, DSU Awards, RSU Awards and PSU Awards have been duly authorized and, upon issuance in accordance with their respective terms, will be validly issued as fully paid and non-assessable and are not and will not be subject to or issued in violation of, any pre-emptive rights. No Company Shares have been issued, and no Options, DSU Awards, RSU Awards or PSU Awards have been granted in violation of any Law or Order or any pre-emptive or similar rights applicable to them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Section 3.1(6)(b)</u> of the Company Disclosure Letter sets forth a complete and accurate list of all Options outstanding as of the date of this Agreement, including the number of Company Shares issuable upon exercise and the exercise price payable therefor. The Stock Option Plan and the issuance of Company Shares thereunder (including all outstanding Options) have been duly authorized by the Board in compliance with Law and the terms thereof, and have been recorded on the Company's financial statements in accordance with GAAP, and no such grants involved any "back dating," "forward dating," "spring loading" or similar practices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)<u>Section 3.1(6)(c)</u> of the Company Disclosure Letter sets forth a complete and accurate list of all DSU Awards, RSU Awards and PSU Awards outstanding as of the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Except for (i) the Debentures, (ii) the Options, DSU Awards, RSU Awards and PSU Awards as set forth on <u>Sections 3.1(6)(b)</u> and <u>(c)</u> of the Company Disclosure Letter, and (iii) the rights pursuant to that certain Amended and Restated Investor Rights Agreement, made as of March 15, 2022, between the Company, Birch Hill Equity Partners Management Inc., Birch Hill Equity Partners V, LP, Birch Hill Equity Partners (US) V, LP and Birch Hill Equity Partners (Entrepreneurs) V, LP, as in effect on the date hereof (the "**Investor Rights Agreement**"), there are no issued, outstanding or authorized options, equity-based awards, warrants, calls, conversion, pre-emptive, redemption, repurchase, stock appreciation or other rights, shareholder rights plans, or any other agreements, arrangements, instruments or commitments of any kind that obligate the Company or any of its Subsidiaries to, directly or indirectly, issue, sell or register any securities of the Company or of any of its Subsidiaries or any securities or obligations convertible into, exchangeable for or exercisable for, or giving any Person a right to subscribe for, acquire or receive, any securities of the Company or of any of its Subsidiaries,

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and no securities or obligations evidencing such rights are authorized, issued or outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Except for (i) the Debentures, (ii) the Options, DSU Awards, RSU Awards and PSU Awards and (iii) the rights pursuant to the Investor Rights Agreement, there are no issued, outstanding or authorized:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)obligations to repurchase, redeem or otherwise acquire any securities of the Company or of any of its Subsidiaries, or qualify securities for public distribution in Canada, the U.S. or elsewhere, or with respect to the voting or disposition of any securities of the Company or of any of its Subsidiaries; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)notes, bonds, debentures or other evidences of Indebtedness or any other agreements, arrangements, instruments or commitments of any kind that give any Person, directly or indirectly, the right to vote with holders of Company Shares on any matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)All dividends or distributions on securities of the Company that have been declared or authorized have been paid in full.

(7)**Shareholders' and Similar Agreements.** Except for the Investor Rights Agreement, neither the Company nor any of its Subsidiaries is subject to, or affected by, any shareholders agreement and is not a party to any shareholder, pooling, voting or other arrangement or agreement relating to the ownership, voting, transfer or registration of the securities of the Company or of any of its Subsidiaries or pursuant to which any Person may have any right or claim in connection with any existing or past equity interest in the Company or in any of its Subsidiaries.

(8)**Subsidiaries.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Section 3.1(8)(a)</u> of the Company Disclosure Letter sets forth a complete and accurate list of all Subsidiaries of the Company, including in each case its name and its jurisdiction of incorporation, organization or formation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Company is, directly or indirectly, the registered and beneficial owner of all of the outstanding common shares or other equity interests of each of its Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The common shares and all other equity interests owned by the Company in each of its Subsidiaries are free and clear of any Liens (other than Permitted Liens of the type set forth in clause (f) of the definition thereof in Section 1.1 or transfer restrictions pursuant to their Constating Documents or arising under applicable Laws).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)All common shares and other equity interests owned by the Company in each of its Subsidiaries have been validly issued and are fully paid and non-assessable, as the case may be, and no such shares or other equity interests have been issued in violation of any pre-emptive or similar rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Except for the shares or other equity interests directly or indirectly owned by the Company in any of its Subsidiaries or as disclosed in <u>Section 3.1(8)(e)</u> of the Company Disclosure Letter, neither the Company nor any of its Subsidiaries owns, beneficially or of record, any equity interests of any kind in any Person.

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(9)**Securities Law Matters.** The Company is a "reporting issuer" under Securities Laws in each of the provinces of Canada. The Company Shares are listed and posted for trading on the TSX. Neither the Company (except in Canada) nor any of its Subsidiaries are subject to any continuous, periodic or other disclosure requirements under any securities laws in any jurisdiction or has any securities registered under the securities laws or with any Securities Authority, or listed on any securities exchange, in any jurisdiction. The Company is not in default of any material requirements of any Securities Laws or the rules and regulations of the TSX. The Company has not taken any action to cease to be a reporting issuer in any province of Canada nor has the Company received notification from any Securities Authority seeking to revoke the reporting issuer status of the Company. No delisting, suspension of trading or cease trade or other order or restriction with respect to any securities of the Company is pending or in effect or, to the knowledge of the Company, has been threatened, or is expected to be implemented or undertaken (other than pursuant to <u>Section 4.11</u>), and to the knowledge of the Company, the Company is not subject to any formal or informal Action or investigation relating to any such order or restriction. The Company has timely filed or furnished with any Governmental Entity all material forms, reports, schedules, statements and other documents required to be filed or furnished by the Company pursuant to Securities Laws with the appropriate Governmental Entity since January 1, 2021. The documents comprising the Company Filings complied as filed in all material respects with Securities Laws and did not, as of the date filed (or, if amended or superseded by a subsequent filing prior to the date of this Agreement, on the date of such filing), contain any Misrepresentation. The Company has not filed or furnished any confidential material change report (which at the date of this Agreement remains confidential) or any other confidential filings (except for redactions permitted by Securities Laws) with any Securities Authority. There are no outstanding or unresolved comments in comments letters from any Securities Authority with respect to any of the Company Filings and, to the knowledge of the Company, neither the Company nor any of the Company Filings is subject of an ongoing audit, review, comment or investigation by any Securities Authority or the TSX other than normal course review of the Company's continuous disclosure documents.

(10)**U.S. Securities Law Matters.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company does not have, nor is it required to have, any class of securities registered under the Securities Exchange Act of 1934 of the United States of America, nor is the Company subject to any reporting obligation (whether active or suspended) pursuant to section 15(d) of the Securities Exchange Act of 1934 of the United States of America.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Company is not, and has never been, subject to any requirement to register any class of its equity securities pursuant to Section 12(g) of the Securities Exchange Act of 1934 of the United States of America, is not an investment company registered or required to be registered under the Investment Company Act of 1940 of the United States of America, and is a "foreign private issuer" (as such term is defined in Rule 3b-1 under the Securities Exchange Act of 1934 of the United States of America).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)No securities of the Company are listed on any national securities exchange in the United States.

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(11)**Financial Statements.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The audited consolidated financial statements and the unaudited consolidated interim financial statements of the Company (including, in each case, any of the notes or schedules thereto and the auditor's report (if any) thereon) included in the Company Filings: (i) were prepared or, if issued after the date hereof, shall be prepared, as applicable, in conformity with GAAP and Law; (ii) complied or shall, if issued after the date hereof, comply, as applicable, in all material respects with applicable accounting requirements in Canada; (iii) fairly present or, if issued after the date hereof, shall fairly present, as applicable, in all material respects, the consolidated financial position of the Company and its Subsidiaries as of their respective dates and the consolidated financial performance and cash flows of the Company and its Subsidiaries for the respective periods covered by such financial statements (except as may be expressly stated in the notes to such financial statements) and (iv) reflect appropriate and adequate reserves in respect of contingent liabilities (if any) in all material respects. The Company does not intend to correct or restate, nor, to the knowledge of the Company is there any basis for any correction or restatement of, any aspect of any of the financial statements referred to in this <u>Paragraph (11)</u>. There are no, nor are there any commitments to become a party to any, material off-balance sheet transaction, arrangement, obligation (including contingent obligations) or other relationship of the Company or of any of its Subsidiaries with unconsolidated entities or other Persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)There has been no change in the Company's accounting policies since January 1, 2022, except as described in the notes to the Company's financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The financial books, records and accounts of the Company and each of its Subsidiaries: (i) have been maintained, in all material respects, in accordance with GAAP; (ii) are stated in reasonable detail; (iii) accurately and fairly reflect all the material transactions, acquisitions and dispositions of the Company and its Subsidiaries; and (iv) accurately and fairly reflect the basis of the Company's financial statements.

(12)**Disclosure Controls and Internal Control over Financial Reporting.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company has established and maintains a system of disclosure controls and procedures (as such term is defined in National Instrument 52-109 – Certification of Disclosure in Issuers' Annual and Interim Filings) that are designed to provide reasonable assurance that information required to be disclosed by the Company in its annual filings, interim filings or other reports filed or submitted by it under Securities Laws is recorded, processed, summarized and reported within the time periods specified in Securities Laws. Such disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed by the Company in its annual filings, interim filings or other reports filed or submitted under Securities Laws are accumulated and communicated to the Company's management, including its chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Company has established and maintains a system of internal control over financial reporting that is designed to provide reasonable assurance regarding the

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reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)There is no material weakness (as such term is defined in National Instrument 52-109 – Certification of Disclosure in Issuers' Annual and Interim Filings) relating to the design, implementation or maintenance of its internal control over financial reporting, or fraud, whether or not material, that involves management or other employees who have a significant role in the internal control over financial reporting of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Neither the Company nor any of its Subsidiaries has received any material complaint, allegation, assertion, or claim, whether written or oral, regarding accounting, internal accounting controls or auditing matters, including any material complaint, allegation, assertion, or claim that the Company or any of its Subsidiaries has engaged in questionable accounting or auditing practices.

(13)**Auditors.** The auditors of the Company are independent public accountants as required by applicable Laws and there is not, and there has not been since January 1, 2021, any reportable event (as defined in National Instrument 51-102 – Continuous Disclosure Obligations) with the auditors of the Company.

(14)**No Undisclosed Liabilities.** There are no liabilities or obligations of the Company or of any of its Subsidiaries of any kind whatsoever, whether accrued, contingent, absolute, determined, determinable or otherwise, other than liabilities or obligations: (a) reflected or reserved against on the audited consolidated balance sheet of the Company for the year ended December 31, 2022 in the Company's financial statements; (b) incurred in the Ordinary Course since December 31, 2022; (c) incurred pursuant to this Agreement; (d) disclosed in <u>Section 3.1(14)(d)</u> of the Company Disclosure Letter; or (e) that have not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

(15)**Absence of Certain Changes or Events.** Since December 31, 2022 through the date of this Agreement, (a) other than the transactions contemplated by this Agreement or as disclosed in <u>Section 3.1(15)(a)</u> of the Company Disclosure Letter, the Company and each of its Subsidiaries has conducted their respective business only in the Ordinary Course, (b) there has not occurred any change, event, occurrence, effect, state of facts or circumstance that has had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and (c) the Company and its Subsidiaries have not taken or failed to take any action that, had such action been taken or failed to have been taken after the date hereof, would (without Purchaser's consent) have constituted a breach of the covenants set forth in <u>clauses (c)</u>, <u>(k)</u>, <u>(n)</u>, <u>(o)</u>, <u>(p)</u>, <u>(q)</u>, <u>(w)</u>, <u>(bb)</u> and <u>(cc)</u> of <u>Section 4.1(2)</u> (and clause <u>(ee)</u> of <u>Section 4.1(2)</u>, to the extent it relates to the foregoing clauses thereof).

(16)**Derivative Transactions.** Other than interest rate or currency hedges entered into in the Ordinary Course or disclosed in the Company Filings publicly filed prior to the date hereof, neither the Company nor any of its Subsidiaries have any material obligations or liabilities, direct or indirect, vested or contingent, in respect of any rate swap transactions, basis swaps, forward rate transactions, commodity swaps, commodity options, equity or equity index swaps, equity or equity index options, bond options, interest rate options, foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions or currency options or any other similar transactions (including any option with respect to any of such

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transactions) or any combination of such transactions (any of the foregoing, a "**Derivatives Transaction**").

(17)**Related Party Transactions.** Except as disclosed in <u>Section 3.1(17)</u> of the Company Disclosure Letter, other than employment or compensation agreements entered into in the Ordinary Course or publicly disclosed in the Company Filings prior to the date hereof, no executive officer or director of the Company or any of its Subsidiaries, or holder of record or beneficial owner of 10% or more of the outstanding Company Shares, or known associate or affiliate of any such officer, director, holder of record or beneficial owner (each of the foregoing, a "**Related Party**"), is or, since January 1, 2021, has been a party to, or is a beneficiary of, any Related Party Agreement.

(18)**No "Collateral Benefit"**. Except as disclosed in <u>Section 3.1(18)</u> of the Company Disclosure Letter, no related party of the Company (within the meaning of MI 61-101) together with its associated entities, beneficially owns or exercises control or direction over 1% or more of the outstanding Company Shares, except for related parties who will not receive a collateral benefit (within the meaning of MI 61-101) as a consequence of the transactions contemplated by this Agreement.

(19)**Compliance with Laws.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Each of the Company and its Subsidiaries is, and since January 1, 2021 has been, in compliance with applicable Laws and applicable Orders, except (i) as disclosed in <u>Section 3.1(19)(a)</u> of the Company Disclosure Letter or (ii) for any non-compliance that (A) has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and (B) would not reasonably be expected to prevent, materially delay or materially impede the consummation of the transactions contemplated by this Agreement. Since January 1, 2021, except as disclosed in <u>Section 3.1(19)(a)</u> of the Company Disclosure Letter, neither the Company nor any of its Subsidiaries is or has been charged with, has received notice of, or, to the knowledge of the Company, is under any investigation with respect to, any material violation of any Law or Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Since January 1, 2021, neither the Company nor any of its Subsidiaries or their respective directors or executive officers, or, to the knowledge of the Company, any other officers, representatives, agents or employees: (i) has used or is using any corporate funds for any contributions, gifts, entertainment or other expenses relating to political activity that would be illegal; (ii) has made any unlawful payment or authorized, promised, offered or given anything of value, directly or indirectly, to any Person, including to any foreign or domestic government official or to any foreign or domestic political party or campaign in violation of any applicable anti-corruption Laws, including for the purpose of obtaining or retaining an improper business advantage, or improperly directing business to any person or entity, on behalf of the Company or its Subsidiaries; (iii) has violated or is violating the Corruption of Foreign Public Officials Act (Canada), the anti-bribery and corruption provisions of the Criminal Code of Canada, the United States Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act, the UK Bribery Act of 2010 or any applicable Law of similar effect (collectively, "**Anti-Corruption Laws**"); (iv) has established or maintained, or is maintaining, any illegal fund of corporate monies or other properties; or (v) has made any bribe, illegal rebate or illegal payment. Neither the Company nor any of its Subsidiaries is, or since January 1, 2021 has been, subject to any actual, pending or, to the knowledge of the Company, threatened civil, criminal, or administrative actions, suits, demands, claims, hearings, notices of violation,

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investigations, proceedings, demand letters, settlements or enforcement actions, or made any voluntary disclosures to any Governmental Entity, involving the Company or any of its Subsidiaries in any way relating to such applicable Anti-Corruption Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Since January 1, 2021, the operations of the Company and of each of its Subsidiaries are and have been conducted in compliance in all material respects with applicable financial recordkeeping and reporting requirements and money laundering Laws and any related or similar Laws relating to money laundering (collectively, "**Money Laundering Laws**"), and no Action involving the Company or any of its Subsidiaries with respect to Money Laundering Laws is pending or, to the knowledge of the Company, threatened, nor, to the knowledge of the Company, is any audit or investigation pending with respect thereto.

(20)**Authorizations.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company and each of its Subsidiaries own, possess or have obtained all Authorizations that are required by Law or any applicable Order of a Governmental Entity in connection with the operation of the business of the Company and its Subsidiaries as presently or previously conducted, or in connection with the ownership, operation or use of the properties or assets of the Company and its Subsidiaries, except as (i) has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and (ii) would not reasonably be expected to prevent, materially delay or materially impede the consummation of the transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Except as (i) has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and (ii) would not reasonably be expected to prevent, materially delay or materially impede the consummation of the transactions contemplated by this Agreement, (A) the Authorizations held by the Company and its Subsidiaries are valid and in full force and effect, (B) no Action, or, to the knowledge of the Company, audit or investigation is pending in respect of or regarding any such Authorizations and (C) none of the Company and its Subsidiaries have received notice of any termination or cancellation of such Authorizations.

(21)**Opinions of Financial Advisors.** The Board and the Special Committee have received the Fairness Opinions, and such Fairness Opinions have not been withdrawn or modified as of the date hereof.

(22)**Finders' Fees.** True and complete copies of the engagement letters between the Company and each of TD Securities Inc. and RBC Dominion Securities Inc. have been provided to the Purchaser prior to the date hereof, and the Company has made true and complete disclosure to the Purchaser of all fees, commissions or other payments that may be incurred pursuant to such engagement letters. Except for such engagement letters and the fees payable thereunder, no investment banker, broker, finder, financial advisor or other intermediary has been retained by or is authorized to act on behalf of the Company, its Subsidiaries, the Board or the Special Committee, or is entitled to any fee, commission or other payment from the Company or any of its Subsidiaries in connection with this Agreement, the Arrangement or the other transactions contemplated hereby.

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(23)**Material Contracts.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Section 3.1(23)(a)</u> of the Company Disclosure Letter sets out a complete and accurate list of all Material Contracts in effect as of the date hereof. True and complete copies of the Material Contracts have been disclosed in the Data Room prior to the date hereof and no such Contract has, since such disclosure, been modified, rescinded or terminated. For purposes of this Agreement, "**Material Contract**" means any Contract to which the Company or any of its Subsidiaries is a party or by which any of their respective properties or assets it bound:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)that is a material contract required to be filed pursuant to National Instrument 51-102 – Continuous Disclosure Obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)that is a supply, distribution or other material Contract to which (A) any Material Customer (or affiliate thereof) is a party or (B) any Material Vendor (or affiliate thereof) is a party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)that is a partnership agreement, limited liability company agreement, joint venture agreement, alliance agreement, association agreement, collaboration agreement or similar agreement or arrangement relating to the formation, creation or operation of any material partnership, limited liability company, joint venture, alliance, collaboration or association;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)that relates directly or indirectly to Indebtedness (currently outstanding or which may become outstanding) for borrowed money in excess of US$25,000,000, excluding guarantees or intercompany liabilities or obligations solely between two (2) or more wholly-owned Subsidiaries of the Company or solely between the Company and one or more of its wholly-owned Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)that restricts the incurrence of Indebtedness by the Company or any of its Subsidiaries or the incurrence of any Liens (including by requiring the granting of an equal and rateable Lien) on any properties or assets of the Company or any of its Subsidiaries, or restricting the payment of dividends by the Company or by any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)under which the Company or any of its Subsidiaries has, over the twelve month period ended September 30, 2022, made or received, or will be, over any 12-month period, obligated to make or expected to receive, payments in excess of US$20,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)that is a Lease (i) in respect of a distribution center or (ii) under which the Company or any of its Subsidiaries has, over the twelve month period ended September 30, 2022, made or received, or will be, over any 12-month period, obligated to make or expected to receive, lease payments in excess of US$2,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)that (A) imposes any material restriction on the right or ability of the Company or any of its Subsidiaries to compete with any other Person, engage in any line of business, compete in any line of business or geographic location or sell products or deliver services to any Person or (B) creates, in favour of another Person, a material exclusive dealing arrangement, a right of first offer or refusal in respect of any material asset or right or a material "most favoured nation" obligation;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)that provides for severance, notice, termination, retention or change in control payments to an executive officer of the Company or a person holding an equivalent position with any Subsidiary of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)that provides for the purchase, sale or exchange of, or unconditional option to purchase, sell or exchange, any real or immovable property, in each case where the purchase or sale price or agreed or fair market value of such property or asset exceeds US$10,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)pursuant to which the Company or any of its Subsidiaries grants or receives Intellectual Property Rights that are material to the conduct of its business as presently conducted, other than non-exclusive licenses granted (A) to the Company or its Subsidiaries for off-the-shelf software on standardized, generally available terms, or (B) by the Company or its Subsidiaries in the Ordinary Course to customers for their use of the products and services of the Company or its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii)that is related to any waiver, release, assignment, settlement or compromise of Action and contains any continuing material obligations of the Company or any if its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii)that provides for any material ongoing indemnification or guarantee by the Company or any of its Subsidiaries of any Person, except for any such indemnification or guarantee entered into in the Ordinary Course or any Contract that otherwise constitutes a Material Contract pursuant to another clause of the definition hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv)that contains any future capital expenditure obligations of the Company in excess of US$10,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv)that relates to the direct or indirect acquisition or disposition of any business or portion of a business (whether by merger, arrangement, sale of stock, sale of assets or otherwise), in each case, with (A) a fair market value or purchase price in excess of US$10,000,000 and (B) any ongoing material earn-out, deferred or other contingent obligations or rights; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi)that evidences a material Derivatives Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Each Material Contract is legal, valid, binding and in full force and effect and is enforceable by the Company or its Subsidiaries, as applicable, in accordance with its terms (subject to bankruptcy, insolvency or other Laws affecting creditors' rights generally, and to general principles of equity).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)There does not exist under any Material Contract, on the part of the Company or any of its Subsidiaries or, to the knowledge of the Company, any other party thereto, any violation, breach or event of default, or event or condition that, after notice or lapse of time or both, would constitute a violation, breach or event of default thereunder, or permit or cause the termination or material modification thereof or acceleration or creation of any right or obligation thereunder, in each case, except as has not had and would not reasonably be expected to have individually or in the aggregate, a Material Adverse Effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Neither the Company nor any of its Subsidiaries has received any notice that any party to a Material Contract intends to cancel, terminate, not renew or materially amend such Material Contract.

(24)**Material Customers; Material Vendors.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(i) <u>Section 3.1(24)(a)(i)</u> of the Company Disclosure Letter sets out a complete and accurate list of the Material Customers and (ii) <u>Section 3.1(24)(a)(ii)</u> of the Company Disclosure Letter sets out a complete and accurate list of the Material Vendors, in each case as of the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Since January 1, 2022, to the knowledge of the Company (i) there has been no material suspension or termination of, or materially adverse change to, the business relationship between the Company or any of its Subsidiaries and any Material Customer and (ii) neither the Company nor any of its Subsidiaries has been engaged, or is currently engaged, in a material dispute with any Material Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Since January 1, 2022, to the knowledge of the Company (i) there has been no material suspension or termination of, or materially adverse change to, the business relationship between the Company or any of its Subsidiaries and any Material Vendor and (ii) neither the Company nor any of its Subsidiaries has been engaged, or is currently engaged, in a material dispute with any Material Vendor.

(25)**Government Contracts.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Except as disclosed in respect of the CAG Group and the Company UK Business under <u>Section 3.1(25)</u> of the Company Disclosure Letter, neither the Company nor any of its Subsidiaries are party to any Contract with a Governmental Entity or any prime contractor of a Governmental Entity in the capacity of a government contractor or that otherwise requires any Governmental Entity or prime contractor offer, quotation, bid or proposal process.

(26)**Real Property.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Section 3.1(26)(a)</u> of the Company Disclosure Letter sets out a complete and accurate list of all real and immovable property owned by the Company and/or its Subsidiaries (each such property disclosed, or required to be disclosed, in <u>Section 3.1(24)(a)</u> of the Company Disclosure Letter, an "**Owned Property**"), in each case by reference to the applicable municipal address.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)<u>Section 3.1(26)(b)</u> of the Company Disclosure Letter sets out a complete and accurate list of all real and immovable property leased, subleased, licensed and/or (other than the Owned Properties) occupied by the Company and/or its Subsidiaries (each such property disclosed, or required to be disclosed, in <u>Section 3.1(26)(b)</u> of the Company Disclosure Letter, a "**Leased Property**"), in each case by reference to the applicable municipal address.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, (i) the Company or one of its Subsidiaries has valid, good and marketable title to the Owned Properties and leasehold title to the Leased Properties free and clear of all Liens except for Permitted Liens (excluding, for the avoidance of doubt, any leases of real property entered in the Ordinary Course and any registrations or notice in respect thereof

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(including subleases, amendments to leases or assignments of leases or subleases) and any encumbrance charging the interest of persons under any such lease (including subleases, amendments to leases or assignments of leases or subleases)), (ii) there are no options or rights of first refusal to purchase the Owned Properties or any portion thereof or interest therein, (iii) neither the Company nor any of its Subsidiaries is the owner of, or is bound by or subject to any agreement or option to own, any real or immovable property other than the Owned Properties and (iv) there are no Contracts whereby the Company or any of its Subsidiaries has the obligation to sell, transfer or otherwise dispose of all or any portion of, or interest in, any Owned Property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, (i) each of the Leases is valid, binding and in full force and effect, and is enforceable in accordance with its terms (subject to bankruptcy, insolvency or other Laws affecting creditors' rights generally, and to general principles of equity), (ii) neither the Company nor any of its Subsidiaries, nor to the knowledge of the Company, any other party to a Lease, has violated any provision of, or taken or failed to take any action that, with or without notice, lapse of time, or both, would constitute a default under the provisions of such Lease, and (iii) since January 1, 2022, neither the Company nor any of its Subsidiaries has received notice in writing alleging that it has breached, violated or defaulted under any Lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The Leased Properties together with the Owned Properties constitute all of the real or immovable property used or occupied by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)To the knowledge of the Company, neither the Company nor any of its Subsidiaries has received any notice of any pending condemnation or expropriation of any Leased Property or any Owned Property by any Governmental Entity nor, to the Company's knowledge, are there any public improvements or re-zoning measures proposed or in progress that could result in special assessments against or otherwise adversely affect any of the Leased Property or Owned Property, in each case, that has had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)None of the Leased Properties or Owned Properties has been leased, subleased or sublicensed by the Company or any of its Subsidiaries to any Person, and no Person other than the Company and its Subsidiaries occupies or uses any Owned Properties, in each case other than in the Ordinary Course.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)Except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, (i) the Leased Properties and the Owned Properties are adequate and suitable for the purposes for which they are currently used and (ii) neither the use nor operations of the Leased Properties or the Owned Properties violate any Contract or Law or Order.

(27)**Personal Property.** The Company and/or its Subsidiaries have valid, good and marketable title to all personal or movable property of any kind or nature which the Company or any of its Subsidiaries purports to own, free and clear of all Liens (other than Permitted Liens), except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. The Company and its Subsidiaries, as lessees, have the right under valid and subsisting leases to use, possess and control all personal or movable property leased by the Company or any of its Subsidiaries as used, possessed and controlled by the Company or its Subsidiaries, as

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applicable, except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

(28)**Intellectual Property.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company's material Intellectual Property Rights are valid and enforceable. No interference, opposition, reissue, reexamination or other proceeding of any nature (other than ordinary course examination proceedings) is pending or, to the knowledge of the Company, threatened, in which the validity, enforceability, inventorship or ownership of any Intellectual Property Rights is being or would be contested or challenged, except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. The carrying on of the businesses of the Company and its Subsidiaries, as presently conducted, does not breach, violate, infringe or interfere with any rights of any other Person, and, to the knowledge of the Company, no third party is infringing upon the material Intellectual Property Rights owned or licensed by the Company or its Subsidiaries, in each case except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, (i) the Company and its Subsidiaries own all right, title and interest in and to, or have validly licensed (and are not in material breach of such licenses), all Intellectual Property Rights purported to be owned by or licensed to the Company and its Subsidiaries that are material to the conduct of the businesses, and the Intellectual Property Rights that are owned by or licensed to the Company and its Subsidiaries are sufficient, in all material respects, for conducting the businesses, as presently conducted, of the Company and its Subsidiaries, (ii) the Company and its Subsidiaries have taken reasonable security and other measures to protect the Intellectual Property Rights owned in whole or in part by the Company or any of its Subsidiaries and (iii) the Company and its Subsidiaries own the relevant rights (other than moral rights) for any material software owned (or purported to be owned) by the Company or any of its Subsidiaries, or that was authored or developed by or on behalf of the Company or any of its Subsidiaries.

(29)**Information Technology.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company IT Assets are free from any material defect and do not contain any virus, software, routine or hardware component designed to permit unauthorized access or control, or to disable or otherwise harm any computer, systems or software, including with the passage of time, in each case, except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. The Company and its Subsidiaries are and, since January 1, 2021, have been in compliance with, and are not and, since January 1, 2021, have not been in breach or default of, their respective obligations and use restrictions with respect to third-party software (including with respect to open source software licenses), except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Company IT Assets (i) currently operate and perform in all material respects in accordance with their documentation and functional specifications, (ii) are sufficient for the current needs of the business of the Company and its Subsidiaries and (iii) have not malfunctioned or failed since January 1, 2021 in a manner that has had or would reasonably be expected to have, individually or in

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the aggregate, a Material Adverse Effect. Except as disclosed in <u>Schedule 3.1(29)(b)</u> of the Company Disclosure Letter, since January 1, 2021, there has been no unauthorized access to or unauthorized use of the Company IT Assets, or the information stored or contained therein or transmitted thereby, in each case, in a manner that has had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Company and its Subsidiaries have established and implemented organizational, physical, administrative and technical measures regarding privacy, cyber security, data protection and the collection, retention, protection, transfer, use and processing of Personal Data that are commercially reasonable taking into account the nature of the business and the sensitivity and quantity of such Personal Data, and consistent in all material respects with (i) all applicable Data Protection Laws, (ii) any contractual commitments of the Company or its Subsidiaries under a Material Contract and (iii) any written policies adopted and publicly posted by the Company or its Subsidiaries (clauses (i) through (iii), collectively, the "**Privacy and Security Requirements**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Since January 1, 2022, (i) to the knowledge of the Company, neither the Company nor any of its Subsidiaries has received any written notice (including any enforcement notice), letter or complaint alleging, or providing notice of any investigation or inquiry concerning, any material noncompliance with any applicable Data Protection Laws, and (ii) no Person has gained unauthorized access to or misused any Personal Data in a manner that has had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)The Company and its Subsidiaries are and, since January 1, 2022, have been, in compliance in all material respects with all Data Protection Laws and Privacy and Security Requirements with respect to privacy, data protection and the collection, retention, protection, transfer, use and processing of Personal Data. There is no Action against or pertaining to the Company or any of its Subsidiaries by any Governmental Entity with respect to the collection, retention, storage, security, disclosure, transfer, use or other processing of any Personal Data and to the knowledge of the Company, no such Action is threatened.

(30)**Restrictions on Conduct of Business.** Except as disclosed in <u>Section 3.1(30)</u> of the Company Disclosure Letter or as is not, and would not reasonably be expected to be, material to the Company and its Subsidiaries, taken as a whole, neither the Company nor any of its Subsidiaries is a party to or bound by any non-competition agreement, any non-solicitation agreement (excluding employee non-solicitation covenants), or any other Contract or Order that or that purports to: (i) limit in any material respect the manner (including in any business practice) or the localities in which all or any portion of the businesses of the Company or its Subsidiaries are conducted, (ii) limit any business practice of the Company or of any of its Subsidiaries in any material respect or (iii) restrict any acquisition or disposition of any business or material assets by the Company or by any of its Subsidiaries in any material respect.

(31)**Litigation.** There are and since, January 1, 2021, have been no Actions pending, or, to the knowledge of the Company, threatened, nor, to the knowledge of the Company, is any investigation pending, against or relating to the Company or any of its Subsidiaries or the businesses of the Company or of any of its Subsidiaries, or affecting any of their respective properties or assets, that, if determined adverse to the interests of the Company or its Subsidiaries, (a) could result in criminal sanction, (b) would reasonably be expected

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to have a Material Adverse Effect, or (c) would reasonably be expected to prevent, materially delay or materially impede the consummation of the Arrangement or the other transactions contemplated hereby. The Company and its Subsidiaries, and their respective properties and assets, are not subject to any outstanding Orders that have had or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or that would reasonably be expected to prevent, materially delay or materially impede the consummation of the Arrangement or the other transactions contemplated hereby.

(32)**Environmental Matters.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company, each of its Subsidiaries, the Owned Properties and all operations thereon, as well as all operations of the Company and its Subsidiaries on the Leased Properties, are, and since January 1, 2020 have been, in compliance with applicable Environmental Laws, except as disclosed in <u>Section 3.1(32)(a)</u> of the Company Disclosure Letter or as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Since January 1, 2020, the Company and each of its Subsidiaries have been in possession of, and in material compliance with, all material Authorizations required under applicable Environmental Laws with respect to their operations on the Owned Real Properties and Leased Real Properties. Each such material Authorization is valid and in full force and effect, and, to the knowledge of the Company, no proceedings are pending with respect to the revocation, withdrawal, non-renewal, suspension, cancellation or termination of any such material Authorization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)No written notice, Order, complaint or penalty by any Governmental Entity or other Person has been received by the Company or any of its Subsidiaries since January 1, 2020 alleging that the Company or any of its Subsidiaries is in material violation of, or has any liability or potential liability under, any Environmental Law or Authorization required under applicable Environmental Laws, including that the Company or any of its Subsidiaries is or may be responsible for, any investigation, containment, clean-up, remediation or corrective action under Environmental Laws with respect to any Owned Real Properties or Leased Real Properties, and there are no judicial, administrative or other Actions pending or, to the knowledge of the Company, threatened, nor, to the knowledge of the Company, are any investigations pending, against the Company or any of its Subsidiaries that allege a violation of, or any liability or potential liability under, any Environmental Laws, in each case except as disclosed in <u>Section 3.1(32)(c)</u> of the Company Disclosure Letter or as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)To the knowledge of the Company, no Hazardous Substances are located on, in or under the Owned Real Properties or the Leased Real Properties, except in compliance in all material respects with all Environmental Laws, as disclosed in <u>Section 3.1(32)(d)</u> of the Company Disclosure Letter or as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)Neither the Company nor any of its Subsidiaries has assumed any liability under any Environmental Law, and to the knowledge of the Company, there are no conditions existing on the Owned Real Properties, the Leased Real Properties, or any property formerly owned, leased or operated by the Company or any of its

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Subsidiaries that would reasonably be expected to give rise to any liability of the Company or any of its Subsidiaries under Environmental Laws, except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)The Company has made available to the Purchaser correct and complete copies of all material written environmental site assessment reports prepared since January 1, 2020 in relation to the compliance with Environmental Laws of the Company or any of its Subsidiaries and the Owned Real Properties and the Leased Real Properties that are in the Company's possession or reasonable control.

(33)**Employees.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)All written Contracts in relation to executive officers of the Company have been disclosed in the Data Room. Except as disclosed in <u>Section 3.1(33)(a)</u> of the Company Disclosure Letter, no such executive officer has indicated to the Company or its Subsidiaries that she/he intends to resign, retire or terminate his or her engagement with the Company as a result of the transactions contemplated by this Agreement or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Company and its Subsidiaries are in compliance with all terms and conditions of employment and all Law respecting employment, labour and human rights, including pay equity, wages, hours of work, overtime, vacation, vacation pay, non-discrimination and non-harassment, French language requirements (when applicable) and occupational health and safety, and, except as disclosed in <u>Section 3.1(33)(b)</u> of the Company Disclosure Letter, there are no outstanding Actions, or Orders or, to the knowledge of the Company, complaints or investigations under any such Law, in each case except as has not and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Except as disclosed in <u>Section 3.1(33)(c)</u> of the Company Disclosure Letter, neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby (either alone or in conjunction with any other event) will (i) result in any material payment (including, without limitation, severance, termination, retention, change of control, unemployment compensation, "excess parachute payment" (within the meaning of Section 280G of the Code), forgiveness of indebtedness or otherwise) becoming due to any current or former director or any Company Employee, (ii) materially increase any benefits otherwise payable under any Employee Plan or (iii) result in any acceleration of the time of payment, funding or vesting of any such benefits. No Employee Plan provides for the gross-up or reimbursement of Taxes under Section 409A or 4999 of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)The Company and its Subsidiaries are in compliance in all material respects with all terms and conditions of any work permits and Labour Market Impact Assessments received in respect of the engagement of foreign workers. To the knowledge of the Company, no audit by any Governmental Entity is being conducted or pending in respect of any foreign workers and no such prior audit has resulted in the revocation of any work permit or Labour Market Impact Assessment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)All current Company Employees have all work permits, visas, authorizations or status, as the case may be, required to perform work or provide services in their

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respective locations, except as is not, and would not reasonably be expected to be, material to the Company and its Subsidiaries, taken as a whole.

(34)**Collective Agreements.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)<u>Section 3.1(34)(a)</u> of the Company Disclosure Letter sets forth a complete list of all Collective Agreements as of the date hereof. The Company and its Subsidiaries are in compliance in all material respects with the terms and conditions of such Collective Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Except as disclosed in <u>Section 3.1(34)(b)</u> of the Company Disclosure Letter, no Collective Agreement is currently being negotiated in respect of Company Employees. The only Collective Agreements in force with respect to the Company Employees are the Collective Agreements, true, correct and complete copies of which have been disclosed in the Data Room prior to the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Except as disclosed in <u>Section 3.1(34)(c)</u> of the Company Disclosure Letter, no trade union, council of trade unions, employee bargaining agency or affiliated bargaining agent holds bargaining rights with respect to any of the Company Employees by way of certification, interim certification, voluntary recognition, or succession rights, or has applied to be certified as the bargaining agent of any employees of the Company or any of its Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)To the knowledge of the Company, there are no pending union organizing activities involving any Company Employees. Except as disclosed in <u>Section 3.1(34)(d)</u> of the Company Disclosure Letter, there is no labour strike, lockout or stoppage or, to the knowledge of the Company, work slowdown, pending against the Company or any of its Subsidiaries.

(35)**Employee Plans.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company has disclosed in the Data Room prior to the date hereof true, correct and complete copies or summaries of all material Employee Plans as of the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Each Employee Plan is and has been established, registered, administered, communicated, invested and qualified in accordance with Law, and in accordance with their terms, the terms of the documents that support such Employee Plan and the terms of agreements between the Company and/or any of its Subsidiaries, as the case may be, and their respective employees and former employees who are members of, or beneficiaries under, the Employee Plan, in each case except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Company and/or its Subsidiaries, as the case may be, have made all contributions and paid all premiums and Taxes in respect of each material Employee Plan in a timely fashion in accordance in all material respects with applicable Law, the terms of each material Employee Plan, and the Collective Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)No material Employee Plan, no administrator of any material Employee Plan (other than an unaffiliated third-party service provider), and no member of any body which administers any material Employee Plan (other than an unaffiliated third-party service provider), nor the Company nor any of its Subsidiaries, or, to

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the knowledge of the Company, no unaffiliated third-party service provider administering any material Employee Plan, is subject to any pending Action (including claims for income taxes, interest, penalties, fines or excise taxes) or other pending proceeding initiated by any Person, or, to the knowledge of the Company, pending material investigation or examination related to such material Employee Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)None of the Employee Plans (other than pension plans) provide for retiree or post-termination benefits or for benefits to retired or terminated employees or to the beneficiaries or dependents of retired or terminated employees, except as required by Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)Subject to the requirements of Laws and Collective Agreements, no provision of any material Employee Plan or of any agreement, and no act or omission of the Company or its Subsidiaries, in any way limits, impairs, modifies or otherwise affects the right of the Company or its Subsidiaries to unilaterally amend or terminate any material Employee Plan, and no commitments to improve or otherwise amend any material Employee Plan have been made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)Except as disclosed in <u>Section 3.1(35)(g)</u> of the Company Disclosure Letter, each material Employee Plan that is a funded plan is fully funded on both a going concern pursuant to the actuarial assumptions and methodology utilized in the most recent actuarial valuation therefore and solvency basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)With respect to each material Employee Plan that is a registered pension plan: (i) all contribution holidays under and surplus withdrawals from the material Employee Plan have been taken in accordance with Law, if applicable; (ii) no material Employee Plan that is a defined benefit pension plan has received a transfer of assets from or been merged with another registered pension plan; (iii) no material Employee Plan that is a defined benefit pension plan has been subject to a partial windup in respect of which surplus assets relating to the partial wind-up group were not dealt with at the time of partial wind-up; (iv) no assets have been applied other than for proper payments of benefits, refunds of over-contributions and permitted payments of reasonable expenses incurred by or in respect of a material Employee Plan; and (v) no conditions have been imposed by any Person and no undertakings or commitments have been given to any employee, union or any other Person concerning the use of assets relating to any material Employee Plan or any related funding medium.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)No Employee Plan is subject to Title IV or Section 302 of ERISA or Section 412 or 4971 of the Code. No Employee Plan is a "multiemployer plan" (within the meaning of Section 4001(a)(3) of ERISA) (a "**Multiemployer Plan**") or a plan that has two (2) or more contributing sponsors at least two (2) of whom are not under common control (within the meaning of Section 4063 of ERISA) (a "**Multiple Employer Plan**"), nor has the Company or any of its Subsidiaries or any of their respective ERISA Affiliates, at any time within six (6) years before the date of this Agreement, contributed to or been obligated to contribute to any Multiemployer Plan or Multiple Employer Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)No Employee Plan with participants who are resident in Canada is a multi-employer pension plan. Except as disclosed in <u>Section 3.1(35)(j)</u> of the Company Disclosure Letter, no Employee Plan with participants who are resident in the Province of Québec is a defined benefit pension plan.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)Each Employee Plan intended to be "qualified" within the meaning of Section 401(a) of the Code is so qualified, and there are no existing circumstances or any events that have occurred that could reasonably be expected to adversely affect the qualified status of any such plan.

(36)**Insurance.** The Company has disclosed in the Data Room prior to the date hereof summaries of all material policies of fire, liability, workers' compensation, property, casualty and other forms of insurance owned or held by or maintained for the Company and its Subsidiaries. All such policies are in full force and effect, all premiums due with respect to such policies have been paid, and no written notice of cancellation or termination or denial of any claim has been received by the Company with respect to any such policy. There is no material claim pending under any insurance policy of the Company or its Subsidiaries that has been denied, rejected, questioned or disputed by any insurer or as to which any insurer has made any reservation of rights or refused to cover all or any material portion of such claims. All material proceedings covered by any insurance policy of the Company or its Subsidiaries have been properly reported to and accepted by the applicable insurer.

(37)**Taxes.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Company and each of its Subsidiaries has duly and timely filed with the appropriate Governmental Entity all material Tax Returns required to be filed by it (taking into account any applicable extensions) and all such material Tax Returns are complete and correct in all material respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The Company and each of its Subsidiaries has timely paid all material Taxes which are due and payable by it other than such Taxes which are being contested in good faith pursuant to applicable Laws, and in respect of which adequate reserves or accruals have been established in accordance with GAAP on the most recently published consolidated financial statements of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)All material input Tax credits claimed by the Company or any of its Subsidiaries have been properly and correctly calculated and documented in accordance with the requirements of applicable Laws and the regulations thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Except as disclosed in <u>Section 3.1(37)(d)</u> of the Company Disclosure Letter, there is no audit, action, investigation, deficiency, litigation or proposed adjustment pending or, to the knowledge of the Company, threatened against the Company or its Subsidiaries in respect of any Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)There are no Liens (other than Permitted Liens) with respect to Taxes upon any of the assets of the Company or any of its Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)There are no currently effective elections, agreements or waivers extending the statutory period or providing for an extension of time with respect to the assessment or reassessment of any material Taxes, the filing of any Tax Returns or any payment or collection of material Taxes by the Company or its Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)The Company and each of its Subsidiaries has, and as of immediately before the Effective Time, will have duly and timely withheld all Taxes and collected all other amounts required by Law to be withheld and collected by it (including Taxes and other amounts required to be withheld and collected by it in respect of any amount paid or credited or deemed to be paid or credited by it to or for the

C - 20

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account or benefit of any person, including any employee, officer or director and any Person who is not a Canadian resident for the purposes of the Tax Act) and has duly and timely remitted in all material respects to the appropriate Governmental Entity such Taxes and other amounts required by Law to be remitted by it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)Neither the Company nor any of its Subsidiaries (i) has been either a "distributing corporation" or a "controlled corporation" (within the meaning of Section 355(a)(1)(A) of the Code) in a distribution of stock intended to qualify for tax-free treatment under Section 355(a) of the Code (or any similar provision of state, local, or non-U.S. Law) in the two (2) years prior to the date of this Agreement; or (ii) is or has been a "surrogate foreign corporation" or an "expatriated entity" within the meaning of Section 7874 of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)The U.S. federal Tax classification of the Company and each of its U.S. Subsidiaries, and the jurisdiction of formation of the Company and each of its Subsidiaries, is set forth on <u>Section 3.1(37)(i)</u> of the Company Disclosure Letter. No election has been made or is pending to change the U.S. federal Tax classification of the Company or any of its Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)Neither the Company nor any of its Subsidiaries will be required to include any material item of income in, or exclude any material item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Effective Date as a result of any: (i) "closing agreement" as described in Section 7121 of the Code (or any similar provision of state, local or non-U.S. Law) executed prior to the Effective Date; (ii) installment sale or open transaction disposition made prior to the Effective Date; or (iii) intercompany transaction or excess loss account described in Treasury Regulations under Section 1502 of the Code (or any similar provision of state, local, or non-U.S. income Tax Law) made or existing prior to the Effective Time. Neither the Company nor any of its Subsidiaries has a pending request for, or has entered into or received, any private letter ruling or written technical advice with or from any Governmental Entity with respect to Taxes or Tax Returns of the Company or any of its Subsidiaries that will remain in effect or apply for any taxable period after the Effective Time. Neither the Company nor its Subsidiaries has made any election to defer any payroll Taxes under the CARES Act, which deferral has not been repaid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)Neither the Company nor any of its Subsidiaries has entered into any "reportable transaction" within the meaning of Treasury Regulations Section 1.6011-4(b) or any transaction requiring disclosure under a similar provision of state, local or non-U.S. Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)The Company and each of its Subsidiaries has complied in all material respects with the intercompany transfer pricing provisions of each applicable Law relating to Taxes, including the contemporaneous documentation and disclosure requirements thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)There are no circumstances existing which result in the application of Section 78 or Sections 80 to 80.04 of the Tax Act, or any equivalent provision under provincial Law, to the Company or any of its Subsidiaries.

(38)**Bankruptcy and Insolvency.** Neither the Company nor any of its Subsidiaries has made an assignment in favour of its creditors or a proposal in bankruptcy to its creditors or any class thereof nor has any petition for a receiving order been presented in respect of it.

C - 21

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Except for any voluntary liquidation or dissolution disclosed in <u>Section 3.1(38)</u> of the Company Disclosure Letter, neither the Company nor any of its Subsidiaries has initiated any Action with respect to a compromise or arrangement with its creditors or for its winding up, liquidation or dissolution and, to the knowledge of the Company, no such Action has been threatened by any other Person. No receiver has been appointed in respect of the Company or any of its Subsidiaries or any of their respective property or assets and no execution or distress has been levied upon any of their respective property or assets and, to the knowledge of the Company, no such Action has been threatened by any other Person.

(39)**Cultural Business.** The Company and its Subsidiaries are not, and at the Effective Time will not be, engaged in any of the activities of a business described in subsection 14.1(6) of the ICA or in section 15 of the ICA.

(40)**Funds Available.** The Company has available (on hand or through capacity under the Credit Facility) sufficient funds to pay the Termination Fee.

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**Schedule D – Representations and Warranties of the Parent and the Purchaser**

(1)**Organization and Qualification.** Each of the Parent and the Purchaser is a corporation or other entity duly incorporated, formed or organized, as applicable, validly existing and in good standing under the laws of the jurisdiction of its incorporation, organization or formation, as applicable, and has all requisite power and authority to own, lease and operate its assets and properties and conduct its business as now owned and conducted.

(2)**Corporate Authorization.** Each of the Parent and the Purchaser has the requisite corporate power and authority to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby and to perform each of its obligations hereunder. The execution, delivery and performance by each of the Parent and the Purchaser of their respective obligations under this Agreement and the consummation of the Arrangement and the other transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of each of the Parent and the Purchaser and no other corporate proceedings on the part of each of the Parent and the Purchaser are necessary to authorize this Agreement or the consummation of the Arrangement and the other transactions contemplated hereby.

(3)**Execution and Binding Obligation.** This Agreement has been duly executed and delivered by each of the Parent and the Purchaser and constitutes a legal, valid and binding agreement of each of them enforceable against each of them in accordance with its terms, subject only to any limitation under bankruptcy, insolvency or other Laws affecting the enforcement of creditors' rights generally and the discretion that a court may exercise in the granting of equitable remedies such as specific performance and injunction.

(4)**Governmental Authorization.** The execution, delivery and performance by each of the Parent and the Purchaser of their respective obligations under this Agreement and the consummation by the Parent and the Purchaser of the Arrangement and the other transactions contemplated hereby do not require any Authorization or other action by or in respect of, or filing with, or notification to, any Governmental Entity by the Parent and the Purchaser other than: (a) the Interim Order and any approvals required by the Interim Order; (b) the Final Order; (c) filings with the Enterprise Registrar under the QBCA; (d) in relation to any Antitrust Laws; (e) filings with the U.S. Securities and Exchange Commission; and (f) any Authorizations which, if not obtained, or any other actions by or in respect of, or filings with, or notifications to, any Governmental Entity which, if not taken or made, would not, individually or in the aggregate, materially impede the ability of the Parent or the Purchaser to consummate the Arrangement and the other transactions contemplated hereby.

(5)**Non-Contravention.** The execution and delivery by the Parent and the Purchaser of, and performance by the Parent and the Purchaser of their respective obligations under, this Agreement and the consummation of the Arrangement and the other transactions contemplated hereby do not and will not (or would not with the giving of notice, the lapse of time or the happening of any other event or condition):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)contravene, conflict with, or result in any violation or breach of the Constating Documents of the Parent or the Purchaser; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)assuming compliance with the matters referred to in <u>Paragraph (4)</u> above, contravene, conflict with or result in a violation or breach of Law or any applicable Order of a Governmental Entity applicable to the Purchaser or the Parent of any of their respective properties or assets, except as would not,

D - 1

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individually or in the aggregate, materially impede the ability of the Parent or the Purchaser to consummate the Arrangement and the other transactions contemplated hereby.

(6)**Litigation.** As of the date hereof, there are no Actions pending, or, to the knowledge of the Parent, threatened, against or relating to the Parent and the Purchaser, nor is the Parent or the Purchaser subject to any Order that, either individually or in the aggregate, would be reasonably expected to prevent or delay the consummation of the Arrangement or the other transactions contemplated hereby.

(7)**Security Ownership.** Neither the Parent nor any of its Subsidiaries (including the Purchaser) or, to the knowledge of the Parent, any Person acting jointly or in concert with the Parent beneficially owns or exercises control or direction over any Company Shares.

(8)**Ownership of the Purchaser.** The Parent is, directly or indirectly, the registered and beneficial owner of all of the outstanding securities of the Purchaser.

(9)**Financing.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Parent has delivered to the Company true, correct and complete copies of (i) the executed commitment letter, dated as of the date hereof, among the Parent and the financial institutions party thereto including all exhibits, schedules and annexes to such letter in effect as of the execution and delivery of this Agreement and (ii) the executed fee letters related thereto (together, the "**Debt Commitment Letter**" and the "**Financing**") (it being understood that such fee letters have been redacted to remove fees, the rates and amounts in the "market flex", if any, and other economic terms that are customarily redacted in connection with transactions of this type and that could not adversely affect the amount, conditionality, enforceability, availability or termination of the Financing). As of the execution and delivery of this Agreement, other than the Debt Commitment Letter, there are no side letters or other written agreements, contracts or arrangements that impose conditions precedent related to the funding of the full amount of the Financing or that would reasonably be expected to adversely affect the availability, conditionality, enforceability or amount of the Financing contemplated in the Debt Commitment Letter. As of the execution and delivery of this Agreement, there are no conditions precedent related to the funding of the full amount of the Financing, other than as expressly set forth in the Debt Commitment Letter. The commitments contained in the Debt Commitment Letter have not been withdrawn or rescinded in any respect prior to the date of this Agreement. As of the execution and delivery of this Agreement, the Debt Commitment Letter represents (A) a valid, binding and enforceable obligation of Parent and (B) to the knowledge of the Parent, a valid, binding and enforceable obligation of each other party thereto, in the case of each of clauses (A) and (B), subject only to any limitation under bankruptcy, insolvency or other Laws affecting the enforcement of creditors' rights generally and the discretion that a court may exercise in the granting of equitable remedies such as specific performance and injunction. As of the execution and delivery of this Agreement, (i) the Debt Commitment Letter has not been amended, restated, supplemented or otherwise modified, or compliance with any of the terms waived, and (ii) no commitment under the Debt Commitment Letter has been withdrawn, terminated or rescinded in any respect. Parent or its Subsidiaries has or have fully paid (or caused to be paid) any and all commitment fees and other amounts that are required to be paid pursuant to the terms of the Debt Commitment Letter on or prior to the execution and delivery of this Agreement, and will fully pay (or cause

D - 2

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to be paid) any such amounts due at or before the Effective Time. As of the execution and delivery of this Agreement, no event has occurred, which, with or without notice, lapse of time or both, would reasonably be expected to (x) constitute a breach or default on the part of Parent or, to the knowledge of the Parent, any other party to the Debt Commitment Letter, (y) to the knowledge of the Parent, provide a basis for termination of the Debt Commitment Letter by any other party thereto, of the Debt Commitment Letter, or (z) result in a failure of any condition to the funding of the full amount of the Financing. Assuming satisfaction of the conditions set forth in <u>Article 6</u>, as of the execution and delivery of this Agreement, Parent has no reason to believe that any of the conditions to funding set forth in the Debt Commitment Letter will not be satisfied on a timely basis or that the Financing will not be available to Parent on or before the Effective Time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Assuming the accuracy of the representations and warranties set forth in Schedule C and the Company's compliance with its obligations in this Agreement, the proceeds of the Financing, if funded, together with any available cash of Parent and its Subsidiaries, would constitute sufficient funds for Parent and the Purchaser to (i) make all cash payments contemplated to be made by them under this Agreement in connection with the transactions contemplated hereby when due, including payment of the Consideration on the Company Shares (including the Company Shares issued upon the deemed conversion of the Debentures), payments to be made to holders of Options, DSU Awards, PSU Awards or RSU Awards, and the repayment or prepayment of the obligations under the Credit Facility and the Trust Indenture in an amount up to the obligations (other than obligations which, by the terms of the Credit Facility (and any related loan documents) or the Trust Indenture (and any related documents), survive termination thereof) outstanding thereunder as of the date hereof plus any additional amounts permitted to be incurred thereunder after the date hereof in accordance with the terms of this Agreement, and (ii) pay all related fees and expenses required to be paid by them on the Effective Date.

D - 3

## Exhibit 10.1

**Exhibit 10.1**

**VOTING AND SUPPORT AGREEMENT**

February 26, 2023

LKQ Corporation<br>500 West Madison Street, Suite 2800<br>Chicago, IL 60661

- and -

9485-4692 Québec Inc.<br>c/o LKQ Corporation<br>500 West Madison Street, Suite 2800<br>Chicago, IL 60661

Dear Sirs/Madams:

**Re:&nbsp;&nbsp;&nbsp;&nbsp;Voting and Support Agreement**

The undersigned understands that LKQ Corporation (the "**Parent**") and 9485-4692 Québec Inc. (the "**Purchaser**" and, together with the Parent, the "**Purchaser Parties**") wish to enter into an arrangement agreement (the "**Arrangement Agreement**") dated as of the date hereof with Uni-Select Inc. (the "**Company**") contemplating an arrangement of the Company under Chapter XVI – Division II of the *Business Corporations Act* (Québec) pursuant to which, among other things, the Purchaser shall acquire all of the issued and outstanding common shares (the "**Shares**") in the capital of the Company (the "**Transaction**"), on the terms and subject to the conditions of the Arrangement Agreement.

All capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to them in the Arrangement Agreement.

The undersigned hereby agrees, in his or her capacity as holder of securities of the Company and not in his or her capacity as a director or officer of the Company, from the date hereof until the earlier of (i) the Effective Time; (ii) the time at which the Arrangement Agreement is terminated in accordance with its terms; (iii) the Outside Date, as extended by the Parent or the Purchaser, to no later than February 26, 2024; and (iv) the date the Purchaser, without the consent of the undersigned, decreases the Consideration payable pursuant to the Transaction (it being understood that any decrease of the Consideration pursuant to section 2.6 of the Plan of Arrangement shall not constitute a decrease of Consideration for purposes of this letter agreement) (the "**Expiry Time**"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)to vote or to cause to be voted the Shares and any other voting securities beneficially or legally owned by the undersigned as of the record date for the Company Meeting (the "**Subject Securities**"): (i) in favour of the Transaction, including the Arrangement Resolution, and any other matter necessary for the consummation of the Transaction and any proposal to adjourn or postpone the Company Meeting if such adjournment or postponement is proposed pursuant to and in compliance with the provisions of the Arrangement Agreement; and (ii) against any Acquisition Proposal and any other matter which could reasonably be expected to frustrate, interfere with, prevent or delay the completion of the Transaction or the other transactions contemplated by the Arrangement Agreement;

218279.00024/121305796.21" = "1" "" ""

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)no later than ten (10) Business Days prior to the date of the Company Meeting, deliver or cause to be delivered to, or deposit or cause to be deposited with, the Company or the proximate intermediary, as applicable, in each case, with a copy to the Purchaser Parties as soon as reasonably practicable thereafter, a duly executed proxy (or proxies) or voting instruction form (or voting instruction forms), as applicable, directing the Subject Securities to be voted in favour of the Transaction, including the Arrangement Resolution and any other matter necessary for the consummation of the Transaction, and (if applicable) name, in such proxy (or proxies) or voting instruction form (or voting instruction forms), as applicable, those individuals as may be designated by the Company in the Company Circular for such purpose;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)not take, or permit any Person on its behalf to take, any action to withdraw, revoke, amend or invalidate any proxy (or proxies) or voting instruction form (or voting instruction forms), as applicable, delivered to or deposited with the Company or the proximate intermediary, as applicable, pursuant to paragraph (b) above, notwithstanding any statutory or other rights or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)except as contemplated by the Arrangement Agreement or upon the settlement of awards or other equity incentive securities of the Company, not to, directly or indirectly, (i) option, offer, sell, assign, transfer, distribute, exchange, gift, dispose of, pledge, encumber, grant a security interest in, hypothecate, appoint or otherwise convey or dispose of ("**Transfer**") any Subject Securities; (ii) enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Subject Securities, or any right or interest therein (legal or equitable), to any Person or group of Persons; or (iii) agree to do any of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)not (i) solicit proxies or become a participant in a solicitation of proxies in opposition to or in competition with the Transaction; (ii) requisition or join in any requisition of any meeting of Company Shareholders or other securityholders of the Company; or (iii) otherwise co-operate in any way with any effort or attempt by any other Person or group of Persons to do or seek to do any of the foregoing; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)not exercise any rights of dissent provided under any applicable Law or otherwise, including any Dissent Rights, in connection with the Transaction or the transactions contemplated by the Arrangement Agreement.

Notwithstanding any provision of this letter agreement to the contrary, the Purchaser Parties hereby acknowledge and agree that the undersigned is executing this letter agreement and is bound hereunder solely in his or her capacity as a holder of securities of the Company. Without limiting the provisions of the Arrangement Agreement, nothing contained in this letter agreement shall limit or affect in any way any actions the undersigned may take in his or her capacity as a director or officer of the Company or limit or restrict in any way the exercise of his or her fiduciary duties in such capacity in accordance with the provisions of the Arrangement Agreement.

The undersigned hereby represents and warrants that (a) this letter agreement has been duly executed and delivered and is a valid and binding agreement, enforceable against the undersigned in accordance with its terms, and the performance by the undersigned of its obligations hereunder will not constitute a violation or breach of or default under, or conflict with, any contract, commitment, agreement, understanding or arrangement of any kind to which the undersigned will be a party and by which the undersigned will be bound at the time of such

218279.00024/121305796.21" = "1" "" ""

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performance, and (b) he or she has been afforded the opportunity to obtain independent legal advice and confirms by the execution of this letter agreement that he or she has either done so or waived his or her right to do so in connection with the entering into of this letter agreement, and that any failure on the undersigned's part to seek independent legal advice shall not affect (and the undersigned shall not assert that it affects) the validity, enforceability or effect of this letter agreement or the Arrangement Agreement.

This letter agreement shall automatically terminate and be of no further force and effect upon the occurrence of the Expiry Time. If this letter agreement is terminated, the provisions of this letter agreement will become void and of no further force or effect without liability of any party to the other parties hereto; provided that, notwithstanding anything else contained herein, such termination shall not relieve any party hereto from liability for any material breach of this letter agreement by such party prior to such termination.

This letter agreement shall be interpreted and enforced in accordance with, and the respective rights and obligations of the parties hereto shall be governed by, the laws of the Province of Québec and the federal laws of Canada applicable therein. Each of the parties hereto irrevocably and unconditionally (a) submits to the exclusive jurisdiction of the courts of the Province of Québec over any action or proceeding arising out of or relating to this letter agreement, (b) waives any objection that it might otherwise be entitled to assert to the jurisdiction of such courts, and (c) agrees not to assert that such courts are not a convenient forum for the determination of any such action or proceeding.

Each of the undersigned and the Purchaser Parties hereby consents to the disclosure of the substance of this letter agreement in any press release, any document filed with the Court in connection with the Arrangement or transactions contemplated by the Arrangement Agreement or any filing pursuant to applicable securities laws, including the Circular.

This letter agreement may be executed in any number of counterparts (including counterparts by facsimile or electronic copy) and all such counterparts taken together shall be deemed to constitute one and the same instrument.

This letter agreement may only be amended, supplemented or otherwise modified by written agreement signed by the parties hereto. Each party hereto shall pay all costs and expenses incurred by it in connection with the negotiation, preparation and execution of this letter agreement.

If the foregoing is in accordance with the understanding of the Purchaser Parties and is agreed to by the Purchaser Parties, please signify acceptance by the execution of the enclosed copies of this letter agreement where indicated below by an authorized signatory of each of the Purchaser Parties and return the same to the undersigned, upon which this letter agreement as so accepted shall constitute an agreement among the Purchaser Parties and the undersigned.

The parties expressly acknowledge that they have requested that this letter agreement and all ancillary and related documents thereto be drafted in the English language only. *Les parties aux présentes reconnaissent avoir exigé que la présente lettre entente et tous les documents qui y sont accessoires soient rédigés en anglais seulement.*

**[Remainder of page left intentionally blank. Signature page follows.]**

218279.00024/121305796.21" = "1" "" ""

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Yours very truly,

---

| | | |
|:---|:---|:---|
| by | | |
| | (Signature) | (Signature) |
| | (Print Name) | (Print Name) |
| | (City and Province of Residence) | (City and Province of Residence) |
| | (Title) | (Title) |
| | Address: | Address: |
| | **Legal and Beneficial Ownership of Securities:** | **Legal and Beneficial Ownership of Securities:** |
| | Shares: | ____________________________ |
| | Options: | ____________________________ |
| | DSU Awards: | ____________________________ |
| | RSU Awards: | ____________________________ |
| | PSU Awards: | ____________________________ |

---

*D&O Voting and Support Agreement – Signature Page*

*1" = "1" "" ""* 

218279.00024/121305796.2

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Accepted and agreed as of the date first written above.

---

| | |
|:---|:---|
| **LKQ CORPORATION** | **LKQ CORPORATION** |
| by | |
| | Name: |
| | Title: |

---

---

| | |
|:---|:---|
| **9485-4692 QUÉBEC INC.** | **9485-4692 QUÉBEC INC.** |
| by | |
| | Name: |
| | Title: |

---

*D&O Voting and Support Agreement – Signature Page*

*1" = "1" "" "" 4157-4752-2373.5*

218279.00024/121305796.2

## Exhibit 10.2

**Exhibit 10.2**

**VOTING AND SUPPORT AGREEMENT**

THIS AGREEMENT made as of the 26th day of February, 2023.

BETWEEN:

**EDGEPOINT INVESTMENT GROUP INC.,**

a corporation existing under the laws of the Province of Ontario,

(hereinafter referred to as "**EdgePoint**"),

- and -

**EDGEPOINT WEALTH MANAGEMENT INC.,**

a corporation existing under the laws of the Province of Ontario, as trustee of the mutual fund trusts listed on <u>Schedule A</u>,

(hereinafter referred to, together with EdgePoint, collectively as the "**EdgePoint Entities**"),

- and -

**9485-4692 QUÉBEC INC.**,

a corporation existing under the laws of the Province of Québec,

(hereinafter referred to as the "**Purchaser**"),

- and -

**LKQ CORPORATION**,

a Delaware corporation,

(hereinafter referred to as the "**Parent**"),

WHEREAS as more particularly described on <u>Schedule A</u> hereto, the EdgePoint Entities are the legal and/or beneficial owners of, or exercise control or direction over, (a) common shares ("**Shares**") in the capital of Uni-Select Inc., a corporation existing under the laws of the Province of Québec (the "**Company**"), and (b) 6.00% convertible senior subordinated unsecured debentures ("**Convertible Debentures**") of the Company due December 18, 2026 governed by the terms of that certain Trust Indenture (the "**Indenture**") dated as of December 18, 2019 between the Company and AST Trust Company (Canada) (as renamed to TSX Trust Company), as debenture trustee, providing for the issuance of the Convertible Debentures;

AND WHEREAS the Purchaser, the Parent and the Company are concurrently herewith entering into an arrangement agreement (as the same may be amended or amended and restated from time to time in accordance with its terms, the "**Arrangement Agreement**") which provides for, among other things, the acquisition by the Purchaser of all of the issued and outstanding Shares from the holders of the Shares pursuant to the terms and conditions contained therein (the "**Transaction**");

------

AND WHEREAS the Purchaser, the Parent and the Company propose to implement the Transaction by way of a plan of arrangement under Chapter XVI – Division II of the *Business Corporations Act* (Québec) (the "**Arrangement**");

AND WHEREAS this Agreement sets out the terms and conditions of the agreement of each of the EdgePoint Entities to, among other things, (a) vote or cause to be voted all Shares beneficially owned, or over which control or direction is exercised (except for Shares over which an EdgePoint Entity does not have voting control as of the date hereof), by it at any time from the date hereof to and including the record date of the Company Meeting, including pursuant to the conversion of any Convertible Debentures (all such Shares, collectively, the "**Subject Shares**") in favour of the Transaction, including the Arrangement Resolution, and any other matter that would reasonably be expected to facilitate the Transaction; (b) consent to the deemed conversion, at the Effective Time, of the Convertible Debentures beneficially owned, or over which control or direction is exercised, by it at any time from the date hereof up to but excluding the Effective Time into the corresponding number of Shares pursuant to the Plan of Arrangement (the "**Subject Convertible Debentures**" and, together with the Subject Shares, the "**Subject Securities**"), to the extent such Convertible Debentures have not theretofore been converted; and (c) otherwise abide by the restrictions and covenants set forth herein;

AND WHEREAS it is a requirement of the Purchaser and the Parent that the EdgePoint Entities enter into this Agreement in order to induce the Purchaser and the Parent to enter into the Arrangement Agreement and, in connection therewith, the Purchaser and the Parent are relying on the covenants, representations and warranties of the EdgePoint Entities set forth in this Agreement;

NOW THEREFORE this Agreement witnesses that, in consideration of the premises and the covenants and agreement herein contained and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), each of the EdgePoint Entities, the Purchaser and the Parent agree as follows:

**Article 1Article 1<br>INTERPRETATION**

1.1All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Arrangement Agreement.

1.2Except as may be otherwise specifically provided in this Agreement and unless the context otherwise requires, in this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the terms "Agreement", "this Agreement", "the Agreement", "hereto", "hereof", "herein", "hereby", "hereunder" and similar expressions refer to this Agreement in its entirety and not to any particular provision hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)references to an "Article" or "Section" followed by a number refer to the specified Article or Section of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the division of this Agreement into articles and sections and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)words importing the singular number only shall include the plural and vice versa and words importing the use of any gender shall include all genders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the word "including" is deemed to mean "including without limitation";

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the words "to the extent" mean the degree to which a subject or other thing extends (and such words shall not mean simply "if");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the terms "Party" and "the Parties" refer to a party or the parties to this Agreement, as the case may be;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)any reference to this Agreement means this Agreement as amended, modified, replaced or supplemented from time to time in accordance with its terms; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)all references to dollars or to $ refer to Canadian dollars unless otherwise specified.

1.3Any time period within which any action is to be taken hereunder shall be calculated as beginning on the day following the event that began the period and ending at 5:00 p.m. on the last day of the period, if the last day of the period is a Business Day, or at 5:00 p.m. on the next Business Day if the last day of the period is not a Business Day.

**Article 2Article 2<br>THE TRANSACTION**

2.1&nbsp;&nbsp;&nbsp;&nbsp;Subject to the terms and conditions of the Arrangement Agreement, each of the Purchaser and the Parent hereby agrees, from and after the date hereof until the termination of this Agreement in accordance with <u>Article 5</u> (the "**Expiry Time**"), to perform the covenants and obligations required to be performed by it under the Arrangement Agreement, except where the failure to perform such covenants and obligations, individually or in the aggregate, would not materially delay, impede or prevent the consummation of the Transaction.

2.2&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary herein, in the event that the Purchaser and the Parent determine in good faith at any time following the date of this Agreement that it is necessary or desirable to implement the Transaction other than pursuant to the Arrangement by way of an alternative form of transaction (any such transaction, an "**Alternative Transaction**"), such as a take-over bid, amalgamation or other form of business combination, on a basis that (x) provides for economic terms which, in relation to the EdgePoint Entities (taken as a whole), are at least equivalent or better, on an after-tax basis, to the economic benefits contemplated by the Arrangement, and (y) is otherwise on terms and conditions not materially more onerous to the EdgePoint Entities (taken as a whole) than the Transaction, the provisions of this Agreement shall apply *mutatis mutandis* and each of the EdgePoint Entities hereby covenants and agrees to support such Alternative Transaction and the consummation thereof in the same manner as the Transaction, on the terms and subject to the conditions of this Agreement. Without limiting the generality of the foregoing, in connection with any such Alternative Transaction, each of the EdgePoint Entities shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)vote, or cause to be voted, all of the Subject Securities in favour of such Alternative Transaction (as applicable);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)not exercise, or permit the exercise of, any rights of dissent provided under any applicable Law or otherwise, including any Dissent Rights in respect of such Subject Securities (as applicable);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)in the event that such Alternative Transaction is carried out by way of a take-over bid, tender and deposit, or causing to be tendered and deposited, all of the Subject Shares into such take-over bid, together with, as applicable, a duly completed and executed letter of transmittal as soon as practicable and, in any event, not later than ten (10) Business Days prior to the expiry time of such take-over bid; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)consent to the conversion of all of the Subject Convertible Debentures under or in connection with such Alternative Transaction into the corresponding number of Shares at the effective time of such Alternative Transaction, provided that such conversion satisfies the conditions set forth in clauses (x) and (y) of this <u>Section 2.2</u>.

2.3&nbsp;&nbsp;&nbsp;&nbsp;For the avoidance of doubt, in the event that the holders of the Convertible Debentures are entitled to vote on the Transaction or the Arrangement (including the Arrangement Resolution), or any other matter that would reasonably be expected to facilitate the Transaction or any Alternative Transaction, each of the EdgePoint Entities shall vote or to cause to be voted the Subject Convertible Debentures at the Company Meeting (including any adjournment or postponement thereof) in favour of any such proposals and the provisions of this Agreement shall apply *mutatis mutandis* as if references to the Subject Shares were also references to the Subject Convertible Debentures.

**Article 3Article 3<br>COVENANTS OF THE EDGEPOINT ENTITIES**

3.1&nbsp;&nbsp;&nbsp;&nbsp;Each of the EdgePoint Entities hereby covenants and agrees, from the date hereof until the Expiry Time, to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)not, directly or indirectly, through any of its officers, directors, employees, representatives (including any financial or other advisors), agents, or otherwise, and shall cause such Persons not to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)solicit, assist, initiate, knowingly encourage or otherwise knowingly facilitate any inquiry, proposal or offer from any Person that constitutes, or may reasonably be expected to constitute or lead to, an Acquisition Proposal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)enter into or otherwise engage or participate in any discussions or negotiations with any Person (other than the Parent, the Purchaser and their affiliates) regarding any inquiry, proposal or offer that constitutes, or may reasonably be expected to constitute or lead to, an Acquisition Proposal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)support, endorse or enter into, or publicly propose to support, endorse or enter into, any Contract in respect of an Acquisition Proposal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)immediately cease and cause to be terminated all discussions and negotiations, if any, with any Person or group of Persons (other than the Purchaser and the Parent) or any agent or representative of any such Person or group of Persons conducted before the date of this Agreement with respect to any actual or potential Acquisition Proposal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)promptly (and in any event within twenty-four (24) hours) notify the Parent of the receipt of any *bona fide* written Acquisition Proposal, including a description of the material terms and conditions of such Acquisition Proposal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)not, prior to the Company Meeting:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)option, offer, sell, assign, transfer, distribute, gift, dispose of, pledge, encumber, grant a security interest in, hypothecate, appoint or (other than pursuant to the Arrangement Agreement and Plan of Arrangement) otherwise convey or dispose of ("**Transfer**") any Subject Shares; provided, however, that the EdgePoint Entities shall be entitled to Transfer up to (A) 677,669 Subject Shares after June 30, 2023 if the Arrangement

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Resolution has not been approved at the Company Meeting on or prior to such date, (B) an additional 677,669 Subject Shares after July 31, 2023 if the Arrangement Resolution has not been approved at the Company Meeting on or prior to such date, and (C) an additional 677,669 Subject Shares after August 31, 2023 if the Arrangement Resolution has not been approved at the Company Meeting on or prior to such date; provided, further, that any such Transfer shall only be carried out by way of an ordinary course market trade or a block trade through the facilities of the TSX (in which case the EdgePoint Entities shall have made reasonable inquiries and taken reasonable precautions to ensure that no such Subject Shares are Transferred to any Person that an EdgePoint Entity knows, or could reasonably be expected to know, has made or has publicly disclosed an intention to make any Acquisition Proposal or to otherwise oppose the Transaction or the Arrangement (including the Arrangement Resolution)); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Subject Securities, or any right or interest therein (legal or equitable), to any Person or group of Persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)not Transfer any Subject Convertible Debentures (provided that nothing herein will restrict or prohibit an EdgePoint Entity from converting the Subject Convertible Debentures into Shares at any time and subsequently Transferring those Shares following the Company Meeting) or subscribe for, purchase or otherwise acquire any Convertible Debentures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)not (i) grant any proxy, power of attorney or other right to vote the Subject Shares (other than the grant of any proxy or voting instruction form in accordance with this Agreement), (ii) deposit any of the Subject Shares into a voting trust or enter into any voting agreement or arrangement, voting trust, vote pooling or other agreement with respect to the right to vote the Subject Shares (other than this Agreement), (iii) call any meeting of Company Shareholders or other securityholders of the Company, or (iv) give any consent or approval of any kind with respect to any of the Subject Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)exercise the voting rights attaching to the Subject Shares to oppose any proposed action by the Company, any of its Subsidiaries, any Company Shareholder or any other Person which would reasonably be expected to frustrate, prevent, or delay the completion of the Transaction or the other transactions contemplated by the Arrangement Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)not (i) act jointly or in concert with any other Person or group of Persons with respect to the Shares or any other class of securities of the Company for the purpose of opposing or competing with the Transaction, (ii) solicit proxies or become a participant in a solicitation of proxies in opposition to or in competition with the Transaction, or (iii) requisition or join in any requisition of any meeting of Company Shareholders or other securityholders of the Company without the prior written consent of the Parent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)not agree to do any of the foregoing.

3.2&nbsp;&nbsp;&nbsp;&nbsp;Each of the EdgePoint Entities hereby covenants and agrees, from the date hereof until the Expiry Time, to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)attend, either in person, virtually or by proxy, the Company Meeting (including any adjournment or postponement thereof) and any other meeting of the Company Shareholders called with respect to the Transaction, the Arrangement

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Resolution or the Arrangement Agreement and be counted as present for quorum purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)vote or to cause to be voted the Subject Shares at the Company Meeting (including any adjournment or postponement thereof) in favour of (i) the Transaction, including the Arrangement Resolution and any other matter that would reasonably be expected to facilitate the Transaction, and (ii) any proposal to adjourn or postpone such meeting if such adjournment or postponement is proposed pursuant to and in compliance with the provisions of the Arrangement Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)vote or cause to be voted the Subject Shares against any Acquisition Proposal and any other matter which could reasonably be expected to frustrate, prevent, materially interfere with or delay the completion of the Transaction or the other transactions contemplated by the Arrangement Agreement at any meeting of the Company Shareholders or other securityholders of the Company called for the purpose of considering same;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)no later than ten (10) Business Days prior to the date of the Company Meeting, deliver or cause to be delivered to, or deposit or cause to be deposited with, the Company or the proximate intermediary, as applicable, in each case, with a copy to the Purchaser and the Parent as soon as reasonably practicable thereafter, a duly executed proxy (or proxies) or voting instruction form (or voting instruction forms), as applicable, directing the Subject Shares to be voted in favour of the Transaction, including the Arrangement Resolution and any other matter that would reasonably be expected to facilitate the Transaction, and (if applicable) name, in such proxy (or proxies) or voting instruction form (or voting instruction forms), as applicable, those individuals as may be designated by the Company in the Company Circular for such purpose; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)not take, or permit any Person on its behalf to take, any action to withdraw, revoke, amend or invalidate any proxy (or proxies) or voting instruction form (or voting instruction forms), as applicable, delivered to or deposited with the Company or the proximate intermediary, as applicable, pursuant to <u>Section 3.2(d)</u>, notwithstanding any statutory or other rights or otherwise.

3.3&nbsp;&nbsp;&nbsp;&nbsp;Each of the EdgePoint Entities hereby:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)provides its consent and approval to the deemed conversion, at the Effective Time, of the Subject Convertible Debentures in the manner contemplated in section 2.3 of the Plan of Arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)acknowledges and agrees that, immediately following the conversion of the Subject Convertible Debentures pursuant to the Plan of Arrangement, it shall cease to be a holder thereof and shall cease to have any rights as a holder of Convertible Debentures, including pursuant to the Indenture, and shall thereafter have only the right to receive the Consideration to which it is entitled, in its capacity as a holder of Shares, in respect of the Conversion Shares (as such term is defined in the Plan of Arrangement); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)covenants and agrees, on the Effective Date and at the time specified in the Plan of Arrangement, to assign and transfer (or cause the assignment and transfer of) each of the Conversion Shares beneficially owned, or over which control or direction is exercised, by it in exchange for the Consideration pursuant to the Plan of Arrangement.

3.4&nbsp;&nbsp;&nbsp;&nbsp;Each of the EdgePoint Entities covenants and agrees that it shall not (a) exercise any rights of dissent provided under any applicable Law or otherwise, including any Dissent Rights,

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in connection with the Transaction or any Alternative Transaction or the transactions contemplated by the Arrangement Agreement, or (b) commence any Action against, or otherwise contest the approval of, the Transaction, including by or before any Governmental Entity (provided that, for certainty, nothing herein shall limit, prohibit or prevent the EdgePoint Entities from enforcing, or exercising their respective rights under, this Agreement in accordance with its terms).

3.5&nbsp;&nbsp;&nbsp;&nbsp;Each of the EdgePoint Entities hereby covenants and agrees that, until the earlier of the termination of the Arrangement Agreement in accordance with its terms and the date that is thirty-six (36) months from the Effective Date, none of (a) any EdgePoint Entity, (b) any Person that controls a EdgePoint Entity, directly or indirectly ("**Controlling Person**"), or (c) any Person that any EdgePoint Entity controls, directly or indirectly (a "**Controlled Specified Shareholder**") shall, directly or indirectly, knowingly acquire or agree to acquire any shares or indebtedness (or rights to acquire shares or indebtedness) of the Parent ("**Prohibited Property**"), with the exception of any Prohibited Property that any EdgePoint Entity, Controlling Person, or Controlled Specified Shareholder may acquire, directly or indirectly, by reason of Prohibited Property being acquired by an investment fund, index replicating fund or mutual fund (or like investment vehicles) over which such EdgePoint Entity, Controlling Person, or Controlled Specified Shareholder, as the case may be, does not have any influence.

**Article 4Article 4<br>REPRESENTATIONS AND WARRANTIES OF THE PARTIES**

4.1&nbsp;&nbsp;&nbsp;&nbsp;Each of the EdgePoint Entities hereby solidarily represents and warrants to the Parent and the Purchaser as follows and acknowledges that the Parent and the Purchaser are relying upon these representations and warranties in connection with the entering into of this Agreement and the Arrangement Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)it has been duly formed and is validly existing under the laws of the jurisdiction of its formation and has all necessary power and authority to execute and deliver this Agreement and to perform its obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the execution and delivery of this Agreement by it and the performance by it of its obligations hereunder have been duly authorized and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)this Agreement has been duly executed and delivered by it and, assuming the due authorization, execution and delivery by the Parent and the Purchaser, constitutes a legal, valid and binding obligation, enforceable by the Parent and the Purchaser against each of the EdgePoint Entities in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency and other laws affecting the rights of creditors generally and except that equitable remedies such as specific performance and injunction may be granted only in the discretion of a court of competent jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)other than as provided in the Arrangement Agreement with respect to the parties thereto and filings required under applicable securities Laws, the execution, delivery and performance by it of this Agreement does not require any consent, approval, authorization or permit of, any action by, filing with or notification to any Governmental Entity, other than any consent, approval, authorization, permit, action, filing or notification the failure of which to make or obtain would not, individually or in the aggregate, be reasonably expected to prevent or materially delay the consummation of the Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)it is the sole legal and/or beneficial owner of the number of Subject Shares and principal amount of Subject Convertible Debentures listed opposite its name on <u>Schedule A</u> to this Agreement;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)it currently has, and as of the Company Meeting, will have, the sole right to vote (or cause to be voted) and dispose (or direct the disposition of) all the Subject Shares, and all the Subject Securities are, and immediately prior to the Effective Time will be (other than any Subject Shares Transferred following the Company Meeting or otherwise in accordance with <u>Section 3.1(d)</u>), legally and/or beneficially owned solely by it with good and marketable title thereto, free and clear of any and all Liens of any nature or kind whatsoever;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)none of the Subject Securities is subject to any voting trust, agreement, arrangement or restriction with respect to the voting of such Subject Securities, including the granting of any proxy or power of attorney with respect thereto, that would prevent or delay its ability to perform its obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)no Person has any agreement or option, or any right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer of any of the Subject Securities or any interest therein or right thereto, including any right to vote, except the Parent and the Purchaser pursuant to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)none of the execution and delivery by it of this Agreement or the completion or performance of the transactions contemplated hereby or the compliance by it with its obligations hereunder will result in a breach of or constitute a default (with or without notice of lapse of time or both) under any provision of (i) its constating documents, (ii) any agreement or instrument to which it is a party or by which it or any of its properties or assets is bound, (iii) any judgment, decree, order or award of any Governmental Entity, or (iv) any Law or Order, except, in each case, as would not reasonably be expected, either individually or in the aggregate, to materially impair the ability of the EdgePoint Entities to perform their obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)(i) the only securities of the Company owned, directly or indirectly, or over which control or direction is exercised, by it are those listed on <u>Schedule A</u> to this Agreement opposite its name (excluding, for certainty, Shares over which an EdgePoint Entity does not have voting control as of the date hereof), and (ii) it has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by it or transfer to it of additional Shares or Convertible Debentures (other than pursuant to the terms of the Convertible Debentures in effect on the date hereof);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)there are no Actions in progress or pending or, to the knowledge of any EdgePoint Entity, threatened against it or any of its affiliates that would materially adversely affect in any manner (i) its ability to enter into this Agreement and to perform its obligations hereunder, or (ii) its title to, or ownership of, any of the Subject Securities; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)it understands and acknowledges that the Parent and the Purchaser are entering into the Arrangement Agreement in reliance upon the EdgePoint Entities' execution and delivery of this Agreement.

4.2&nbsp;&nbsp;&nbsp;&nbsp;Each of the Parent and the Purchaser hereby solidarily represents and warrants to the EdgePoint Entities as follows and acknowledges that the EdgePoint Entities are relying upon these representations and warranties in connection with the entering into of this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)it has been duly formed and is validly existing under the laws of the jurisdiction of its formation and has all necessary power and authority to execute and deliver this Agreement and to perform its obligations hereunder;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the execution and delivery of this Agreement by it and the performance by it of its obligations hereunder have been duly authorized and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)this Agreement has been duly executed and delivered by it and, assuming the due authorization, execution and delivery by the EdgePoint Entities, constitutes a legal, valid and binding obligation, enforceable by the EdgePoint Entities against each of the Parent and the Purchaser in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency and other laws affecting the rights of creditors generally and except that equitable remedies such as specific performance and injunction may be granted only in the discretion of a court of competent jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)other than as provided in the Arrangement Agreement with respect to the parties thereto and filings required under applicable securities Laws, the execution, delivery and performance by it of this Agreement does not require any consent, approval, authorization or permit of, any action by, filing with or notification to any Governmental Entity, other than any consent, approval, authorization, permit, action, filing or notification the failure of which to make or obtain would not, individually or in the aggregate, be reasonably expected to prevent or materially delay the consummation of the Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)none of the execution and delivery by it of this Agreement or the completion or performance of the transactions contemplated hereby or the compliance by it with its obligations hereunder will result in a breach of or constitute a default (with or without notice of lapse of time or both) under any provision of (i) its constating documents, (ii) any agreement or instrument to which it is a party or by which it or any of its properties or assets is bound, (iii) any judgment, decree, order or award of any Governmental Entity, or (iv) any Law or Order, except, in each case, as would not reasonably be expected, either individually or in the aggregate, to materially impair the ability of the Parent or the Purchaser to perform its obligations hereunder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)it has the requisite corporate power and authority to enter into the Arrangement Agreement and to perform its obligations under the Arrangement Agreement and to consummate the transactions contemplated by the Arrangement Agreement.

4.3&nbsp;&nbsp;&nbsp;&nbsp;The representations and warranties set forth in this Article 4 shall not survive the completion of the Transaction and will expire and be terminated at the Expiry Time.

**Article 5Article 5<br>TERMINATION**

5.1&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall automatically terminate without any further act or formality upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the occurrence of the Effective Time; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the termination of the Arrangement Agreement in accordance with its terms.

5.2&nbsp;&nbsp;&nbsp;&nbsp;This Agreement may be terminated by the EdgePoint Entities at any time prior to the termination of this Agreement pursuant to <u>Section 5.1</u> if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Purchaser or the Parent, without the prior written consent of the EdgePoint Entities, amends the Arrangement Agreement or the Plan of Arrangement to decrease the Consideration payable in respect of the Subject Shares or change

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the form of consideration per Subject Share payable pursuant to the Transaction, other than to add additional consideration or the option for Company Shareholders to elect one or more alternative forms of consideration in addition to the form of consideration contemplated by the Arrangement Agreement (it being understood that any decrease of the Consideration pursuant to section 2.6 of the Plan of Arrangement shall not constitute a decrease of Consideration for purposes of this Agreement); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Purchaser or the Parent, without the prior written consent of the EdgePoint Entities, amends section 2.3 of the Plan of Arrangement in a manner that is adverse to the EdgePoint Entities.

5.3&nbsp;&nbsp;&nbsp;&nbsp;This Agreement may be terminated by written agreement of the Parties at any time prior to the termination of this Agreement pursuant to <u>Section 5.1</u>.

5.4&nbsp;&nbsp;&nbsp;&nbsp;In the case of any notice of termination of this Agreement pursuant to <u>Section 5.1</u>, <u>Section 5.2</u> and <u>Section 5.3</u>, this Agreement shall terminate and be of no further force or effect, provided that, in the event of termination pursuant to Section 5.1(a), Section 3.5 shall remain in full force and effect until the expiration of the covenants contained therein. Notwithstanding anything else contained herein, such termination shall not relieve any Party from liability for any material breach of this Agreement by such Party prior to such termination.

**Article 6Article 6<br>DISCLOSURE**

6.1&nbsp;&nbsp;&nbsp;&nbsp;Each of the EdgePoint Entities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)consents to the details of this Agreement being set out in the Company Circular and this Agreement being made publicly available, including by filing on SEDAR or EDGAR, as may be required pursuant to applicable securities Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)consents to and authorizes the publication and disclosure by the Parent, the Purchaser and the Company of its identity and holding of Subject Securities, the nature of its commitments and obligations under this Agreement and any other information, in each case, in any press release and communications to investors in connection with the Transaction and the other transactions contemplated by the Arrangement Agreement, or otherwise that the Parent or the Purchaser determines is required to be disclosed by applicable Law in the Company Circular or any other disclosure document in connection with the Transaction and the other transactions contemplated by the Arrangement Agreement, including any Alternative Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)agrees promptly to provide to the Parent and the Purchaser any information the Parent or the Purchaser may reasonably require for the preparation of any such disclosure documents; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)agrees to promptly notify the Parent of any required corrections with respect to any written information supplied by it specifically for use in any such disclosure document, if and to the extent that any such information shall have become false or misleading in any material respect.

6.2&nbsp;&nbsp;&nbsp;&nbsp;Except as contemplated in <u>Section 6.1</u> and as otherwise required by applicable Law or any Governmental Entity, no Party shall make any public announcement or statement with

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respect to this Agreement without the approval of the other (which approval shall not be unreasonably withheld or delayed). A copy of this Agreement may be provided to the Company.

**Article 7Article 7<br>GENERAL**

7.1&nbsp;&nbsp;&nbsp;&nbsp;This Agreement becomes effective only when executed by each of the Parties. After that time, it will be binding upon and enure to the benefit of the Parties and their respective successors and permitted assigns. Neither this Agreement nor any of the rights or obligations under this Agreement are assignable or transferable by any Party without the prior written consent of the other Parties; provided, that the Purchaser may assign all or part of its rights under this Agreement to, and its obligations under this Agreement may be assumed by, any of its affiliates; provided, however, that no such assignment shall relieve the Purchaser of any of its obligations hereunder.

7.2&nbsp;&nbsp;&nbsp;&nbsp;Time shall be of the essence of this Agreement.

7.3&nbsp;&nbsp;&nbsp;&nbsp;Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be delivered in person or sent by email or similar means of recorded electronic communication, addressed as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)in the case of the EdgePoint Entities:

150 Bloor Street West<br>Suite 500<br>Toronto, Ontario M5S 2X9

Attention:&nbsp;&nbsp;&nbsp;&nbsp;Sayuri Childs<br>Email&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;childs@edgepointwealth.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)in the case of the Parent or the Purchaser:

LKQ Corporation<br>500 W. Madison Street, Suite 2800<br>Chicago, IL 60661

Attention:&nbsp;&nbsp;&nbsp;&nbsp;Matthew J. McKay<br>Email&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;mjmckay@lkqcorp.com

with copies (which shall not constitute notice) to:

Wachtell, Lipton, Rosen & Katz <br>51 W 52<sup>nd</sup> Street<br>New York, NY 10019

Attention:&nbsp;&nbsp;&nbsp;&nbsp;Mark Gordon<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mark A. Stagliano

Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;mgordon@wlrk.com<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;mastagliano@wlrk.com

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and

Davies Ward Phillips & Vineberg llp<br>155 Wellington Street West<br>Toronto, Ontario M5V 3J7

Attention:&nbsp;&nbsp;&nbsp;&nbsp;Olivier Désilets<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Andrew Mihalik

Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;odesilets@dwpv.com&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amihalik@dwpv.com&nbsp;&nbsp;&nbsp;&nbsp;

Any such notice or other communication shall be deemed to have been given and received on the day on which it was delivered or transmitted (or, if such day is not a business day or if delivery or transmission is made on a business day after 5:00 p.m. at the place of receipt, then on the next following business day). Any Party may at any time change its address for service from time to time by giving notice to the other Parties in accordance with this <u>Section 7.3</u>.

7.4&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall be interpreted and enforced in accordance with, and the respective rights and obligations of the Parties shall be governed by, the laws of the Province of Québec and the federal laws of Canada applicable therein. Each of the Parties irrevocably and unconditionally (a) submits to the exclusive jurisdiction of the courts of the Province of Québec over any action or proceeding arising out of or relating to this Agreement, (b) waives any objection that it might otherwise be entitled to assert to the jurisdiction of such courts, and (c) agrees not to assert that such courts are not a convenient forum for the determination of any such action or proceeding.

7.5&nbsp;&nbsp;&nbsp;&nbsp;Each of the Parties agrees that: (a) money damages would not be a sufficient remedy for any breach of this Agreement by any of the Parties; (b) in addition to any other remedies at law or in equity that a Party may have, such Party shall be entitled to equitable relief, including injunction and specific performance, in addition to any other remedies available to such Party, in the event of any breach or threatened breach of the provisions of this Agreement; and (c) any Party that is a defendant or respondent shall waive any requirement for the securing or posting of any bond in connection with such remedy. Each of the Parties hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The prevailing Party shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing the other Parties' obligations hereunder. Such remedies shall not be deemed to be exclusive remedies for the breach of this Agreement but shall be in addition to all other remedies at law or in equity.

7.6&nbsp;&nbsp;&nbsp;&nbsp;If any provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.

7.7&nbsp;&nbsp;&nbsp;&nbsp;This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all other prior agreements, understandings, undertakings, negotiations and discussions, whether written or oral. There are no conditions, covenants, agreements, representations, warranties or other provisions, express or implied, collateral, statutory or otherwise, relating to the subject matter hereof except as provided herein.

7.8&nbsp;&nbsp;&nbsp;&nbsp;No amendment or waiver of any provision of this Agreement shall be binding on any Party unless consented to in writing by such Party. No waiver of any provision of this

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Agreement shall constitute a waiver of any other provision, nor shall any waiver of any provision of this Agreement constitute a continuing waiver unless otherwise expressly provided.

7.9&nbsp;&nbsp;&nbsp;&nbsp;Each Party shall pay all costs and expenses incurred by it in connection with the negotiation, preparation and execution of this Agreement and the transactions contemplated hereby.

7.10&nbsp;&nbsp;&nbsp;&nbsp;This Agreement and any document contemplated by or delivered under or in connection with this Agreement may be executed in any number of counterparts (including in electronic form and/or with electronic signatures), with the same effect as if all Parties had executed and delivered the same Agreement or document, and all counterparts shall be construed together to be an original and will constitute one and the same Agreement or document.

7.11&nbsp;&nbsp;&nbsp;&nbsp;The Parties expressly acknowledge that they have requested that this Agreement and all ancillary and related documents thereto be drafted in the English language only. *Les parties aux présentes reconnaissent avoir exigé que la présente entente et tous les documents qui y sont accessoires soient rédigés en anglais seulement.*

**[Signature page follows.]**

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IN WITNESS WHEREOF the Parties have executed this Agreement as of the date first written above.

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| | |
|:---|:---|
| **EDGEPOINT INVESTMENT<br>GROUP INC.** | **EDGEPOINT INVESTMENT<br>GROUP INC.** |
| by | /s/ Tye Bousada |
| | Name:&nbsp;&nbsp;&nbsp;&nbsp;Tye Bousada |
| | Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer |

---

---

| | |
|:---|:---|
| **EDGEPOINT WEALTH MANAGEMENT INC., AS TRUSTEE FOR THE MUTUAL FUND TRUSTS LISTED ON SCHEDULE A** | **EDGEPOINT WEALTH MANAGEMENT INC., AS TRUSTEE FOR THE MUTUAL FUND TRUSTS LISTED ON SCHEDULE A** |
| by | /s/ Tye Bousada |
| | Name:&nbsp;&nbsp;&nbsp;&nbsp;Tye Bousada |
| | Title:&nbsp;&nbsp;&nbsp;&nbsp;Portfolio Manager |

---

*Signature Page – EdgePoint Voting and Support Agreement*

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---

| | |
|:---|:---|
| **LKQ CORPORATION** | **LKQ CORPORATION** |
| by | /s/ Dominick Zarcone |
| | Name:&nbsp;&nbsp;&nbsp;&nbsp;Dominick Zarcone |
| | Title:&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer |

---

---

| | |
|:---|:---|
| **9485-4692 QUÉBEC INC.** | **9485-4692 QUÉBEC INC.** |
| by | /s/ Dominick Zarcone |
| | Name:&nbsp;&nbsp;&nbsp;&nbsp;Dominick Zarcone |
| | Title:&nbsp;&nbsp;&nbsp;&nbsp;Officer |

---

*Signature Page – EdgePoint Voting and Support Agreement*

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**<u>SCHEDULE A</u><br>OWNERSHIP AND CONTROL OF SECURITIES OF UNI-SELECT INC.**

[*Intentionally Omitted*]

## Exhibit 10.3

**Exhibit 10.3**

**VOTING AND SUPPORT AGREEMENT**

THIS AGREEMENT made as of the 26th day of February, 2023.

BETWEEN:

**BIRCH HILL EQUITY PARTNERS V, LP, BIRCH HILL EQUITY PARTNERS (US) V, LP AND BIRCH HILL EQUITY PARTNERS (ENTREPRENEURS) V, LP**,

each a limited partnership existing under the laws of the Province of Ontario,

(hereinafter referred to as the "**Birch Hill Entities**"),

- and -

**9485-4692 QUÉBEC INC.**,

a corporation existing under the laws of the Province of Québec,

(hereinafter referred to as the "**Purchaser**"),

- and -

**LKQ CORPORATION**,

a Delaware corporation,

(hereinafter referred to as the "**Parent**"),

WHEREAS as more particularly described on <u>Schedule A</u> hereto, the Birch Hill Entities are the legal and/or beneficial owners of, or exercise control or direction over, (a) common shares ("**Shares**") in the capital of Uni-Select Inc., a corporation existing under the laws of the Province of Québec (the "**Company**"), and (b) 6.00% convertible senior subordinated unsecured debentures ("**Convertible Debentures**") of the Company due December 18, 2026 governed by the terms of that certain Trust Indenture (the "**Indenture**") dated as of December 18, 2019 between the Company and AST Trust Company (Canada) (as renamed to TSX Trust Company), as debenture trustee, providing for the issuance of the Convertible Debentures;

AND WHEREAS the Purchaser, the Parent and the Company are concurrently herewith entering into an arrangement agreement (as the same may be amended or amended and restated from time to time in accordance with its terms, the "**Arrangement Agreement**") which provides for, among other things, the acquisition by the Purchaser of all of the issued and outstanding Shares from the holders of the Shares pursuant to the terms and conditions contained therein (the "**Transaction**");

AND WHEREAS the Purchaser, the Parent and the Company propose to implement the Transaction by way of a plan of arrangement under Chapter XVI – Division II of the *Business Corporations Act* (Québec) (the "**Arrangement**");

AND WHEREAS this Agreement sets out the terms and conditions of the agreement of each of the Birch Hill Entities to, among other things, (a) vote or cause to be voted all Shares beneficially owned, or over which control or direction is exercised, by it at any time from the date hereof to and including the record date of the Company Meeting, including

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pursuant to the conversion of any Convertible Debentures (all such Shares, collectively, the "**Subject Shares**") in favour of the Transaction, including the Arrangement Resolution, and any other matter that would reasonably be expected to facilitate the Transaction; (b) consent to the deemed conversion, at the Effective Time, of the Convertible Debentures beneficially owned, or over which control or direction is exercised, by it at any time from the date hereof up to but excluding the Effective Time into the corresponding number of Shares pursuant to the Plan of Arrangement (the "**Subject Convertible Debentures**" and, together with the Subject Shares, the "**Subject Securities**"), to the extent such Convertible Debentures have not theretofore been converted; and (c) otherwise abide by the restrictions and covenants set forth herein;

AND WHEREAS it is a requirement of the Purchaser and the Parent that the Birch Hill Entities enter into this Agreement in order to induce the Purchaser and the Parent to enter into the Arrangement Agreement and, in connection therewith, the Purchaser and the Parent are relying on the covenants, representations and warranties of the Birch Hill Entities set forth in this Agreement;

NOW THEREFORE this Agreement witnesses that, in consideration of the premises and the covenants and agreement herein contained and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), each of the Birch Hill Entities, the Purchaser and the Parent agree as follows:

**Article 1Article 1<br>INTERPRETATION**

1.1All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Arrangement Agreement.

1.2Except as may be otherwise specifically provided in this Agreement and unless the context otherwise requires, in this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the terms "Agreement", "this Agreement", "the Agreement", "hereto", "hereof", "herein", "hereby", "hereunder" and similar expressions refer to this Agreement in its entirety and not to any particular provision hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)references to an "Article" or "Section" followed by a number refer to the specified Article or Section of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)the division of this Agreement into articles and sections and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)words importing the singular number only shall include the plural and vice versa and words importing the use of any gender shall include all genders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)the word "including" is deemed to mean "including without limitation";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)the words "to the extent" mean the degree to which a subject or other thing extends (and such words shall not mean simply "if");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)the terms "Party" and "the Parties" refer to a party or the parties to this Agreement, as the case may be;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)any reference to this Agreement means this Agreement as amended, modified, replaced or supplemented from time to time in accordance with its terms; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)all references to dollars or to $ refer to Canadian dollars unless otherwise specified.

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1.3Any time period within which any action is to be taken hereunder shall be calculated as beginning on the day following the event that began the period and ending at 5:00 p.m. on the last day of the period, if the last day of the period is a Business Day, or at 5:00 p.m. on the next Business Day if the last day of the period is not a Business Day.

**Article 2Article 2<br>THE TRANSACTION**

2.1&nbsp;&nbsp;&nbsp;&nbsp;Subject to the terms and conditions of the Arrangement Agreement, each of the Purchaser and the Parent hereby agrees, from and after the date hereof until the termination of this Agreement in accordance with <u>Article 5</u> (the "**Expiry Time**"), to perform the covenants and obligations required to be performed by it under the Arrangement Agreement, except where the failure to perform such covenants and obligations, individually or in the aggregate, would not materially delay, impede or prevent the consummation of the Transaction.

2.2&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary herein, in the event that the Purchaser and the Parent determine in good faith at any time following the date of this Agreement that it is necessary or desirable to implement the Transaction other than pursuant to the Arrangement by way of an alternative form of transaction (any such transaction, an "**Alternative Transaction**"), such as a take-over bid, amalgamation or other form of business combination, on a basis that (x) provides for economic terms which, in relation to the Birch Hill Entities (taken as a whole), are at least equivalent or better, on an after-tax basis, to the economic benefits contemplated by the Arrangement, and (y) is otherwise on terms and conditions not materially more onerous to the Birch Hill Entities (taken as a whole) than the Transaction, the provisions of this Agreement shall apply *mutatis mutandis* and each of the Birch Hill Entities hereby covenants and agrees to support such Alternative Transaction and the consummation thereof in the same manner as the Transaction, on the terms and subject to the conditions of this Agreement. Without limiting the generality of the foregoing, in connection with any such Alternative Transaction, each of the Birch Hill Entities shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)vote, or cause to be voted, all of the Subject Securities in favour of such Alternative Transaction (as applicable);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)not exercise, or permit the exercise of, any rights of dissent provided under any applicable Law or otherwise, including any Dissent Rights in respect of such Subject Securities (as applicable);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)in the event that such Alternative Transaction is carried out by way of a take-over bid, tender and deposit, or causing to be tendered and deposited, all of the Subject Shares into such take-over bid, together with, as applicable, a duly completed and executed letter of transmittal as soon as practicable and, in any event, not later than ten (10) Business Days prior to the expiry time of such take-over bid; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)consent to the conversion of all of the Subject Convertible Debentures under or in connection with such Alternative Transaction into the corresponding number of Shares at the effective time of such Alternative Transaction, provided that such conversion satisfies the conditions set forth in clauses (x) and (y) of this <u>Section 2.2</u>.

2.3&nbsp;&nbsp;&nbsp;&nbsp;For the avoidance of doubt, in the event that the holders of the Convertible Debentures are entitled to vote on the Transaction or the Arrangement (including the Arrangement Resolution), or any other matter that would reasonably be expected to facilitate the Transaction or any Alternative Transaction, each of the Birch Hill Entities shall vote or to cause to be voted the Subject Convertible Debentures at the Company Meeting (including any adjournment or postponement thereof) in favour of any such proposals and the provisions of this Agreement shall apply *mutatis mutandis* as if references to the Subject Shares were also references to the Subject Convertible Debentures.

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**Article 3Article 3<br>COVENANTS OF THE BIRCH HILL ENTITIES**

3.1&nbsp;&nbsp;&nbsp;&nbsp;Each of the Birch Hill Entities hereby covenants and agrees, from the date hereof until the Expiry Time, to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)not, directly or indirectly, through any of its officers, directors, employees, representatives (including any financial or other advisors), agents, or otherwise, and shall cause such Persons not to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)solicit, assist, initiate, knowingly encourage or otherwise knowingly facilitate any inquiry, proposal or offer from any Person that constitutes, or may reasonably be expected to constitute or lead to, an Acquisition Proposal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)enter into or otherwise engage or participate in any discussions or negotiations with any Person (other than the Parent, the Purchaser and their affiliates) regarding any inquiry, proposal or offer that constitutes, or may reasonably be expected to constitute or lead to, an Acquisition Proposal; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)support, endorse or enter into, or publicly propose to support, endorse or enter into, any Contract in respect of an Acquisition Proposal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)immediately cease and cause to be terminated all discussions and negotiations, if any, with any Person or group of Persons (other than the Purchaser and the Parent) or any agent or representative of any such Person or group of Persons conducted before the date of this Agreement with respect to any actual or potential Acquisition Proposal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)promptly (and in any event within twenty-four (24) hours) notify the Parent of the receipt of any *bona fide* written Acquisition Proposal, including a description of the material terms and conditions of such Acquisition Proposal, except to the extent that doing so would reasonably be expected to result in a breach by the Birch Hill Director Nominee (as defined below) of such Birch Hill Director Nominee's fiduciary duties to the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)not, prior to the Company Meeting, (i) option, offer, sell, assign, transfer, distribute, gift, dispose of, pledge, encumber, grant a security interest in, hypothecate, appoint or (other than pursuant to the Arrangement Agreement and Plan of Arrangement) otherwise convey or dispose of ("**Transfer**") any Subject Shares, or (ii) enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Subject Securities, or any right or interest therein (legal or equitable), to any Person or group of Persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)not Transfer any Subject Convertible Debentures (provided that nothing herein will restrict or prohibit a Birch Hill Entity from converting the Subject Convertible Debentures into Shares at any time and subsequently Transferring those Shares following the Company Meeting) or subscribe for, purchase or otherwise acquire any Convertible Debentures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)not (i) grant any proxy, power of attorney or other right to vote the Subject Shares (other than the grant of any proxy or voting instruction form in accordance with this Agreement), (ii) deposit any of the Subject Shares into a voting trust or enter into any voting agreement or arrangement, voting trust, vote pooling or other agreement with respect to the right to vote the Subject Shares (other than this Agreement), (iii) call any meeting of Company Shareholders or other

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securityholders of the Company, or (iv) give any consent or approval of any kind with respect to any of the Subject Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)exercise the voting rights attaching to the Subject Shares to oppose any proposed action by the Company, any of its Subsidiaries, any Company Shareholder or any other Person which would reasonably be expected to frustrate, prevent, or delay the completion of the Transaction or the other transactions contemplated by the Arrangement Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)not (i) act jointly or in concert with any other Person or group of Persons with respect to the Shares or any other class of securities of the Company for the purpose of opposing or competing with the Transaction, (ii) solicit proxies or become a participant in a solicitation of proxies in opposition to or in competition with the Transaction, or (iii) requisition or join in any requisition of any meeting of Company Shareholders or other securityholders of the Company without the prior written consent of the Parent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)not agree to do any of the foregoing.

3.2&nbsp;&nbsp;&nbsp;&nbsp;Each of the Birch Hill Entities hereby covenants and agrees, from the date hereof until the Expiry Time, to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)attend, either in person, virtually or by proxy, the Company Meeting (including any adjournment or postponement thereof) and any other meeting of the Company Shareholders called with respect to the Transaction, the Arrangement Resolution or the Arrangement Agreement and be counted as present for quorum purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)vote or to cause to be voted the Subject Shares at the Company Meeting (including any adjournment or postponement thereof) in favour of (i) the Transaction, including the Arrangement Resolution and any other matter that would reasonably be expected to facilitate the Transaction, and (ii) any proposal to adjourn or postpone such meeting if such adjournment or postponement is proposed pursuant to and in compliance with the provisions of the Arrangement Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)vote or cause to be voted the Subject Shares against any Acquisition Proposal and any other matter which could reasonably be expected to frustrate, prevent, materially interfere with or delay the completion of the Transaction or the other transactions contemplated by the Arrangement Agreement at any meeting of the Company Shareholders or other securityholders of the Company called for the purpose of considering same;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)no later than ten (10) Business Days prior to the date of the Company Meeting, deliver or cause to be delivered to, or deposit or cause to be deposited with, the Company or the proximate intermediary, as applicable, in each case, with a copy to the Purchaser and the Parent as soon as reasonably practicable thereafter, a duly executed proxy (or proxies) or voting instruction form (or voting instruction forms), as applicable, directing the Subject Shares to be voted in favour of the Transaction, including the Arrangement Resolution and any other matter that would reasonably be expected to facilitate the Transaction, and (if applicable) name, in such proxy (or proxies) or voting instruction form (or voting instruction forms), as applicable, those individuals as may be designated by the Company in the Company Circular for such purpose; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)not take, or permit any Person on its behalf to take, any action to withdraw, revoke, amend or invalidate any proxy (or proxies) or voting instruction form (or

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voting instruction forms), as applicable, delivered to or deposited with the Company or the proximate intermediary, as applicable, pursuant to <u>Section 3.2(d)</u>, notwithstanding any statutory or other rights or otherwise.

3.3&nbsp;&nbsp;&nbsp;&nbsp;Each of the Birch Hill Entities hereby:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)provides its consent and approval to the deemed conversion, at the Effective Time, of the Subject Convertible Debentures in the manner contemplated in section 2.3 of the Plan of Arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)acknowledges and agrees that, immediately following the conversion of the Subject Convertible Debentures pursuant to the Plan of Arrangement, it shall cease to be a holder thereof and shall cease to have any rights as a holder of Convertible Debentures, including pursuant to the Indenture, and shall thereafter have only the right to receive the Consideration to which it is entitled, in its capacity as a holder of Shares, in respect of the Conversion Shares (as such term is defined in the Plan of Arrangement); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)covenants and agrees, on the Effective Date and at the time specified in the Plan of Arrangement, to assign and transfer (or cause the assignment and transfer of) each of the Conversion Shares beneficially owned, or over which control or direction is exercised, by it in exchange for the Consideration pursuant to the Plan of Arrangement.

3.4&nbsp;&nbsp;&nbsp;&nbsp;Each of the Birch Hill Entities covenants and agrees that it shall not (a) exercise any rights of dissent provided under any applicable Law or otherwise, including any Dissent Rights, in connection with the Transaction or any Alternative Transaction or the transactions contemplated by the Arrangement Agreement, or (b) commence any Action against, or otherwise contest the approval of, the Transaction, including by or before any Governmental Entity (provided that, for certainty, nothing herein shall limit, prohibit or prevent the Birch Hill Entities from enforcing, or exercising their respective rights under, this Agreement in accordance with its terms).

3.5&nbsp;&nbsp;&nbsp;&nbsp;Each of the Birch Hill Entities hereby covenants and agrees that, until the earlier of the termination of the Arrangement Agreement in accordance with its terms and the date that is thirty-six (36) months from the Effective Date, none of (a) any Birch Hill Entity, (b) any Person that controls a Birch Hill Entity, directly or indirectly ("**Controlling Person**"), or (c) any Person that any Birch Hill Entity controls, directly or indirectly (a "**Controlled Specified Shareholder**") shall, directly or indirectly, knowingly acquire or agree to acquire any shares or indebtedness (or rights to acquire shares or indebtedness) of the Parent ("**Prohibited Property**"), with the exception of any Prohibited Property that any Birch Hill Entity, Controlling Person, or Controlled Specified Shareholder may acquire, directly or indirectly, by reason of Prohibited Property being acquired by an investment fund, index replicating fund or mutual fund (or like investment vehicles) over which such Birch Hill Entity, Controlling Person, or Controlled Specified Shareholder, as the case may be, does not have any influence.

**Article 4Article 4<br>REPRESENTATIONS AND WARRANTIES OF THE PARTIES**

4.1&nbsp;&nbsp;&nbsp;&nbsp;Each of the Birch Hill Entities hereby solidarily represents and warrants to the Parent and the Purchaser as follows and acknowledges that the Parent and the Purchaser are relying upon these representations and warranties in connection with the entering into of this Agreement and the Arrangement Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)it has been duly formed and is validly existing under the laws of the jurisdiction of its formation and has all necessary power and authority to execute and deliver this Agreement and to perform its obligations hereunder;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the execution and delivery of this Agreement by it and the performance by it of its obligations hereunder have been duly authorized and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)this Agreement has been duly executed and delivered by it and, assuming the due authorization, execution and delivery by the Parent and the Purchaser, constitutes a legal, valid and binding obligation, enforceable by the Parent and the Purchaser against each of the Birch Hill Entities in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency and other laws affecting the rights of creditors generally and except that equitable remedies such as specific performance and injunction may be granted only in the discretion of a court of competent jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)other than as provided in the Arrangement Agreement with respect to the parties thereto and filings required under applicable securities Laws, the execution, delivery and performance by it of this Agreement does not require any consent, approval, authorization or permit of, any action by, filing with or notification to any Governmental Entity, other than any consent, approval, authorization, permit, action, filing or notification the failure of which to make or obtain would not, individually or in the aggregate, be reasonably expected to prevent or materially delay the consummation of the Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)it is the sole legal and/or beneficial owner of the number of Subject Shares and principal amount of Subject Convertible Debentures listed opposite its name on <u>Schedule A</u> to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)it currently has, and as of the Company Meeting, will have, the sole right to vote (or cause to be voted) and dispose (or direct the disposition of) all the Subject Shares, and all the Subject Securities are, and immediately prior to the Effective Time will be (other than any Subject Shares Transferred following the Company Meeting in accordance with <u>Section 3.1(d)</u>), legally and/or beneficially owned solely by it with good and marketable title thereto, free and clear of any and all Liens of any nature or kind whatsoever;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)none of the Subject Securities is subject to any voting trust, agreement, arrangement or restriction with respect to the voting of such Subject Securities, including the granting of any proxy or power of attorney with respect thereto, that would prevent or delay its ability to perform its obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)no Person has any agreement or option, or any right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer of any of the Subject Securities or any interest therein or right thereto, including any right to vote, except the Parent and the Purchaser pursuant to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)none of the execution and delivery by it of this Agreement or the completion or performance of the transactions contemplated hereby or the compliance by it with its obligations hereunder will result in a breach of or constitute a default (with or without notice of lapse of time or both) under any provision of (i) its constating documents, (ii) any agreement or instrument to which it is a party or by which it or any of its properties or assets is bound, (iii) any judgment, decree, order or award of any Governmental Entity, or (iv) any Law or Order, except, in each case, as would not reasonably be expected, either individually or in the aggregate, to materially impair the ability of the Birch Hill Entities to perform their obligations hereunder;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)(i) the only securities of the Company owned, directly or indirectly, or over which control or direction is exercised, by it are those listed on <u>Schedule A</u> to this Agreement opposite its name, and (ii) it has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by it or transfer to it of additional Shares or Convertible Debentures (other than pursuant to the terms of the Convertible Debentures in effect on the date hereof and the pre-emptive rights contemplated in that certain amended and restated investor rights agreement, made as of March 15, 2022, between the Company and each of the Birch Hill Entities);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)there are no Actions in progress or pending or, to the knowledge of any Birch Hill Entity, threatened against it or any of its affiliates that would materially adversely affect in any manner (i) its ability to enter into this Agreement and to perform its obligations hereunder, or (ii) its title to, or ownership of, any of the Subject Securities; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)it understands and acknowledges that the Parent and the Purchaser are entering into the Arrangement Agreement in reliance upon the Birch Hill Entities' execution and delivery of this Agreement.

4.2&nbsp;&nbsp;&nbsp;&nbsp;Each of the Parent and the Purchaser hereby solidarily represents and warrants to the Birch Hill Entities as follows and acknowledges that the Birch Hill Entities are relying upon these representations and warranties in connection with the entering into of this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)it has been duly formed and is validly existing under the laws of the jurisdiction of its formation and has all necessary power and authority to execute and deliver this Agreement and to perform its obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the execution and delivery of this Agreement by it and the performance by it of its obligations hereunder have been duly authorized and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)this Agreement has been duly executed and delivered by it and, assuming the due authorization, execution and delivery by the Birch Hill Entities, constitutes a legal, valid and binding obligation, enforceable by the Birch Hill Entities against each of the Parent and the Purchaser in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency and other laws affecting the rights of creditors generally and except that equitable remedies such as specific performance and injunction may be granted only in the discretion of a court of competent jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)other than as provided in the Arrangement Agreement with respect to the parties thereto and filings required under applicable securities Laws, the execution, delivery and performance by it of this Agreement does not require any consent, approval, authorization or permit of, any action by, filing with or notification to any Governmental Entity, other than any consent, approval, authorization, permit, action, filing or notification the failure of which to make or obtain would not, individually or in the aggregate, be reasonably expected to prevent or materially delay the consummation of the Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)none of the execution and delivery by it of this Agreement or the completion or performance of the transactions contemplated hereby or the compliance by it with its obligations hereunder will result in a breach of or constitute a default (with or without notice of lapse of time or both) under any provision of (i) its constating documents, (ii) any agreement or instrument to which it is a party or by which it or any of its properties or assets is bound, (iii) any judgment, decree, order or award

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of any Governmental Entity, or (iv) any Law or Order, except, in each case, as would not reasonably be expected, either individually or in the aggregate, to materially impair the ability of the Parent or the Purchaser to perform its obligations hereunder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)it has the requisite corporate power and authority to enter into the Arrangement Agreement and to perform its obligations under the Arrangement Agreement and to consummate the transactions contemplated by the Arrangement Agreement.

4.3&nbsp;&nbsp;&nbsp;&nbsp;The representations and warranties set forth in this Article 4 shall not survive the completion of the Transaction and will expire and be terminated at the Expiry Time.

**Article 5Article 5<br>TERMINATION**

5.1&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall automatically terminate without any further act or formality upon the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the occurrence of the Effective Time; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the termination of the Arrangement Agreement in accordance with its terms.

5.2&nbsp;&nbsp;&nbsp;&nbsp;This Agreement may be terminated by the Birch Hill Entities at any time prior to the termination of this Agreement pursuant to <u>Section 5.1</u> if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)the Purchaser or the Parent, without the prior written consent of the Birch Hill Entities, amends the Arrangement Agreement or the Plan of Arrangement to decrease the Consideration payable in respect of the Subject Shares or change the form of consideration per Subject Share payable pursuant to the Transaction, other than to add additional consideration or the option for Company Shareholders to elect one or more alternative forms of consideration in addition to the form of consideration contemplated by the Arrangement Agreement (it being understood that any decrease of the Consideration pursuant to section 2.6 of the Plan of Arrangement shall not constitute a decrease of Consideration for purposes of this Agreement); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)the Purchaser or the Parent, without the prior written consent of the Birch Hill Entities, amends section 2.3 of the Plan of Arrangement in a manner that is adverse to the Birch Hill Entities.

5.3&nbsp;&nbsp;&nbsp;&nbsp;This Agreement may be terminated by written agreement of the Parties at any time prior to the termination of this Agreement pursuant to <u>Section 5.1</u>.

5.4&nbsp;&nbsp;&nbsp;&nbsp;In the case of any notice of termination of this Agreement pursuant to <u>Section 5.1</u>, <u>Section 5.2</u> and <u>Section 5.3</u>, this Agreement shall terminate and be of no further force or effect, provided that, in the event of termination pursuant to Section 5.1(a), Section 3.5 shall remain in full force and effect until the expiration of the covenants contained therein. Notwithstanding anything else contained herein, such termination shall not relieve any Party from liability for any material breach of this Agreement by such Party prior to such termination.

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**Article 6Article 6<br>DISCLOSURE**

6.1&nbsp;&nbsp;&nbsp;&nbsp;Each of the Birch Hill Entities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)consents to the details of this Agreement being set out in the Company Circular and this Agreement being made publicly available, including by filing on SEDAR or EDGAR, as may be required pursuant to applicable securities Laws;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)consents to and authorizes the publication and disclosure by the Parent, the Purchaser and the Company of its identity and holding of Subject Securities, the nature of its commitments and obligations under this Agreement and any other information, in each case, in any press release and communications to investors in connection with the Transaction and the other transactions contemplated by the Arrangement Agreement, or otherwise that the Parent or the Purchaser determines is required to be disclosed by applicable Law in the Company Circular or any other disclosure document in connection with the Transaction and the other transactions contemplated by the Arrangement Agreement, including any Alternative Transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)agrees promptly to provide to the Parent and the Purchaser any information the Parent or the Purchaser may reasonably require for the preparation of any such disclosure documents; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)agrees to promptly notify the Parent of any required corrections with respect to any written information supplied by it specifically for use in any such disclosure document, if and to the extent that any such information shall have become false or misleading in any material respect.

6.2&nbsp;&nbsp;&nbsp;&nbsp;Except as contemplated in <u>Section 6.1</u> and as otherwise required by applicable Law or any Governmental Entity, no Party shall make any public announcement or statement with respect to this Agreement without the approval of the other (which approval shall not be unreasonably withheld or delayed). A copy of this Agreement may be provided to the Company.

**Article 7Article 7<br>GENERAL**

7.1&nbsp;&nbsp;&nbsp;&nbsp;This Agreement becomes effective only when executed by each of the Parties. After that time, it will be binding upon and enure to the benefit of the Parties and their respective successors and permitted assigns. Neither this Agreement nor any of the rights or obligations under this Agreement are assignable or transferable by any Party without the prior written consent of the other Parties; provided, that the Purchaser may assign all or part of its rights under this Agreement to, and its obligations under this Agreement may be assumed by, any of its affiliates; provided, however, that no such assignment shall relieve the Purchaser of any of its obligations hereunder.

7.2&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any other provision of this Agreement, each of the Parties hereby acknowledges and agrees that each of the Birch Hill Entities is bound hereunder solely in its capacity as a securityholder of the Company and that the provisions of this Agreement are not intended, and shall not be interpreted, to bind the Birch Hill's nominee on the Company Board (the "**Birch Hill Director Nominee**") in his capacity as a director of the Company and, without limiting the foregoing, the Birch Hill Director Nominee shall be entitled to vote in favour of or support, in his capacity as a director of the Company, any Acquisition Proposal that constitutes a

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Superior Proposal in accordance with the Arrangement Agreement and any such vote or support shall not be a violation of this Agreement.

7.3&nbsp;&nbsp;&nbsp;&nbsp;Time shall be of the essence of this Agreement.

7.4&nbsp;&nbsp;&nbsp;&nbsp;Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be delivered in person or sent by email or similar means of recorded electronic communication, addressed as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)in the case of the Birch Hill Entities:

Birch Hill Equity Partners<br>81 Bay Street, Suite 4510<br>Toronto, ON M5J 0E7

Attention:&nbsp;&nbsp;&nbsp;&nbsp;Sean Makins<br>Email&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;smakins@birchhillequity.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)in the case of the Parent or the Purchaser:

LKQ Corporation<br>500 W. Madison Street, Suite 2800<br>Chicago, IL 60661

Attention:&nbsp;&nbsp;&nbsp;&nbsp;Matthew J. McKay<br>Email&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;mjmckay@lkqcorp.com

with copies (which shall not constitute notice) to:

Wachtell, Lipton, Rosen & Katz <br>51 W 52<sup>nd</sup> Street<br>New York, NY 10019

Attention:&nbsp;&nbsp;&nbsp;&nbsp;Mark Gordon<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mark A. Stagliano

Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;mgordon@wlrk.com<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;mastagliano@wlrk.com

and

Davies Ward Phillips & Vineberg llp<br>155 Wellington Street West<br>Toronto, Ontario M5V 3J7

Attention:&nbsp;&nbsp;&nbsp;&nbsp;Olivier Désilets<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Andrew Mihalik

Email:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;odesilets@dwpv.com<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amihalik@dwpv.com&nbsp;&nbsp;&nbsp;&nbsp;

Any such notice or other communication shall be deemed to have been given and received on the day on which it was delivered or transmitted (or, if such day is not a business day or if delivery or transmission is made on a business day after 5:00 p.m. at the place of receipt, then on the next following business day). Any Party may at any time change its address for service from time to time by giving notice to the other Parties in accordance with this <u>Section 7.4</u>.

7.5&nbsp;&nbsp;&nbsp;&nbsp;This Agreement shall be interpreted and enforced in accordance with, and the respective rights and obligations of the Parties shall be governed by, the laws of the Province of Québec

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and the federal laws of Canada applicable therein. Each of the Parties irrevocably and unconditionally (a) submits to the exclusive jurisdiction of the courts of the Province of Québec over any action or proceeding arising out of or relating to this Agreement, (b) waives any objection that it might otherwise be entitled to assert to the jurisdiction of such courts, and (c) agrees not to assert that such courts are not a convenient forum for the determination of any such action or proceeding.

7.6&nbsp;&nbsp;&nbsp;&nbsp;Each of the Parties agrees that: (a) money damages would not be a sufficient remedy for any breach of this Agreement by any of the Parties; (b) in addition to any other remedies at law or in equity that a Party may have, such Party shall be entitled to equitable relief, including injunction and specific performance, in addition to any other remedies available to such Party, in the event of any breach or threatened breach of the provisions of this Agreement; and (c) any Party that is a defendant or respondent shall waive any requirement for the securing or posting of any bond in connection with such remedy. Each of the Parties hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The prevailing Party shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing the other Parties' obligations hereunder. Such remedies shall not be deemed to be exclusive remedies for the breach of this Agreement but shall be in addition to all other remedies at law or in equity.

7.7&nbsp;&nbsp;&nbsp;&nbsp;If any provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.

7.8&nbsp;&nbsp;&nbsp;&nbsp;This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all other prior agreements, understandings, undertakings, negotiations and discussions, whether written or oral. There are no conditions, covenants, agreements, representations, warranties or other provisions, express or implied, collateral, statutory or otherwise, relating to the subject matter hereof except as provided herein.

7.9&nbsp;&nbsp;&nbsp;&nbsp;No amendment or waiver of any provision of this Agreement shall be binding on any Party unless consented to in writing by such Party. No waiver of any provision of this Agreement shall constitute a waiver of any other provision, nor shall any waiver of any provision of this Agreement constitute a continuing waiver unless otherwise expressly provided.

7.10&nbsp;&nbsp;&nbsp;&nbsp;Each Party shall pay all costs and expenses incurred by it in connection with the negotiation, preparation and execution of this Agreement and the transactions contemplated hereby.

7.11&nbsp;&nbsp;&nbsp;&nbsp;This Agreement and any document contemplated by or delivered under or in connection with this Agreement may be executed in any number of counterparts (including in electronic form and/or with electronic signatures), with the same effect as if all Parties had executed and delivered the same Agreement or document, and all counterparts shall be construed together to be an original and will constitute one and the same Agreement or document.

7.12&nbsp;&nbsp;&nbsp;&nbsp;The Parties expressly acknowledge that they have requested that this Agreement and all ancillary and related documents thereto be drafted in the English language only. *Les parties aux présentes reconnaissent avoir exigé que la présente entente et tous les documents qui y sont accessoires soient rédigés en anglais seulement.*

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**[Signature Page Follows.]**

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IN WITNESS WHEREOF the Parties have executed this Agreement as of the date first written above.

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| | |
|:---|:---|
| **BIRCH HILL EQUITY PARTNERS V, LP,**<br>by its general partner, **BIRCH HILL EQUITY PARTNERS MANAGEMENT INC.** | **BIRCH HILL EQUITY PARTNERS V, LP,**<br>by its general partner, **BIRCH HILL EQUITY PARTNERS MANAGEMENT INC.** |
| <br>by | <br>/s/ Sean Makins |
| | Name:&nbsp;&nbsp;&nbsp;&nbsp;Sean Makins |
| | Title:&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President |

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| | |
|:---|:---|
| **BIRCH HILL EQUITY PARTNERS (US)**<br>**V, LP,** by its general partner, **BIRCH HILL EQUITY PARTNERS MANAGEMENT INC.** | **BIRCH HILL EQUITY PARTNERS (US)**<br>**V, LP,** by its general partner, **BIRCH HILL EQUITY PARTNERS MANAGEMENT INC.** |
| <br>by | <br>/s/ Sean Makins |
| | Name:&nbsp;&nbsp;&nbsp;&nbsp;Sean Makins |
| | Title:&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President |

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| | |
|:---|:---|
| **BIRCH HILL EQUITY PARTNERS**<br>**(ENTREPRENEURS) V, LP,** by its general partner**, BIRCH HILL EQUITY PARTNERS MANAGEMENT INC.** | **BIRCH HILL EQUITY PARTNERS**<br>**(ENTREPRENEURS) V, LP,** by its general partner**, BIRCH HILL EQUITY PARTNERS MANAGEMENT INC.** |
| <br>by | <br>/s/ Sean Makins |
| | Name:&nbsp;&nbsp;&nbsp;&nbsp;Sean Makins |
| | Title:&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President |

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*Signature Page – Birch Hill Voting and Support Agreement*

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| | |
|:---|:---|
| **LKQ CORPORATION** | **LKQ CORPORATION** |
| by | /s/ Dominick Zarcone |
| | Name:&nbsp;&nbsp;&nbsp;&nbsp;Dominick Zarcone |
| | Title:&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer |

---

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| | |
|:---|:---|
| **9485-4692 QUÉBEC INC.** | **9485-4692 QUÉBEC INC.** |
| by | /s/ Dominick Zarcone |
| | Name:&nbsp;&nbsp;&nbsp;&nbsp;Dominick Zarcone |
| | Title:&nbsp;&nbsp;&nbsp;&nbsp;Officer |

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*Signature Page – Birch Hill Voting and Support Agreement*

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**<u>SCHEDULE A</u><br>OWNERSHIP AND CONTROL OF SECURITIES OF UNI-SELECT INC.**

[*Intentionally Omitted*]

## Exhibit 10.4

**Exhibit 10.4**

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| | |
|:---|:---|
| **BANK OF AMERICA, N.A.**<br>**BofA SECURITIES, INC.**<br>**One Bryant Park**<br>**New York, New York 10036** | **WELLS FARGO BANK, NATIONAL ASSOCIATION<br>WELLS FARGO SECURITIES, LLC<br>Duke Energy Center<br>550 South Tryon Street<br>Charlotte, North Carolina 28202** |

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<u>CONFIDENTIAL</u>

February 26, 2023

LKQ Corporation

500 West Madison Street, Suite 2800

Chicago, Illinois 60661

Attention: Rick Galloway, Senior Vice President and Chief Financial Officer

<u>Project Rainbow</u>

<u>Commitment Letter</u>

Ladies and Gentlemen:

&nbsp;&nbsp;&nbsp;&nbsp;LKQ Corporation, a Delaware corporation ("***you***" or the "***Borrower***"), has advised, Bank of America, N.A. ("***Bank of America***"), BofA Securities, Inc. (together with any of its designated affiliates, "***BAS***"), Wells Fargo Bank, National Association ("***WF Bank***") and Wells Fargo Securities, LLC ("***WF Securities***", and together with Bank of America, BAS and WF Bank, "***we***", "***us***" or the "***Commitment Parties***") that it intends to acquire (the "***Acquisition***"), directly or indirectly, all of the outstanding common stock of a company previously identified by you to us as "Rainbow" (the "***Target***"). The Acquisition will be consummated pursuant to an Arrangement Agreement by and among you, 9485-4692 Québec Inc., a corporation existing under the laws of the Province of Quebec and a wholly-owned Subsidiary of the Borrower ("***Purchaser***") and the Target dated as of the date of this letter (the "***Arrangement Agreement***"). The Acquisition will be effected through the purchase by Purchaser of all of the outstanding capital stock of Target, who will thereafter be your direct or indirect wholly-owned subsidiary. You have also advised the Commitment Parties that in connection with the Acquisition you intend to obtain the 364-day unsecured bridge term loan facility (the "***Bridge Facility***") described in this Commitment Letter (as defined below) in an aggregate principal amount equal to $2.1 billion (as such amount may be reduced as set forth in the section under the heading "Mandatory Prepayments" in the Summary of Terms and Conditions attached as <u>Exhibit A</u> hereto and incorporated herein by reference (the "***Summary of Terms***" or "***Term Sheet***"), and the Summary of Terms, together with this letter and the other exhibits and schedules hereto, the "***Commitment Letter***"). All capitalized terms used and not otherwise defined herein shall have the same meanings as specified therefor in the Summary of Terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Commitments</u>**. In connection with the foregoing, (i) Bank of America hereby commits, on a several and not joint basis, to provide 50% of the principal amount of the Bridge Facility to the Borrower and WF Bank hereby commits, on a several and not joint basis, to provide 50% of the principal amount of the Bridge Facility to the Borrower (each of Bank of America and WF Bank, in such capacity, an "***Initial Lender***"), (ii) WF Bank hereby commits to act as the sole administrative agent (in such capacity, the ***Administrative Agent***") for the Bridge Facility, and (iii) each of Bank of America and WF Securities hereby commits to act as syndication agent for the Bridge Facility, all upon the terms set forth in this Commitment Letter and in the Fee Letter (as hereinafter defined) and subject solely to the Funding Conditions (as hereinafter defined). Each of BAS and WF Securities is pleased to advise you of its willingness to act as, and you hereby agree to engage BAS and WF Securities as, lead arrangers and bookrunners (in such capacities, the "***Lead Arrangers***") for the Bridge Facility and in connection therewith each of the Lead Arrangers shall use its commercially reasonable efforts to form a syndicate of banks and financial institutions (including the Initial Lenders) (collectively, the "***Lenders***") in accordance

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with <u>Section 3</u> hereof. For purposes of this Commitment Letter and the Fee Letter, (i) "***Effective Date***" shall mean the date of effectiveness of the Loan Documentation (as hereinafter defined) in accordance with the terms set forth under the heading "Conditions Precedent to Effectiveness" in the Term Sheet and (ii) "***Funding Date***" shall mean the date on which the Funding Conditions are satisfied or waived, which shall be not more than one day prior to the date that the Target files the Articles of Arrangement (as defined in the Arrangement Agreement) with the Enterprise Registrar (as defined in the Arrangement Agreement). WF Bank will act as sole Administrative Agent for the Bridge Facility. No additional agents, co-agents, arrangers or bookrunners will be appointed and no other titles will be awarded unless you and we shall so agree in writing; <u>provided</u> that you may award agent or co-agent, but not lead arranger or bookrunner, titles in a manner that is expressly contemplated by the "syndication plan" agreed to by you and us in writing prior to the date hereof, with any changes that you request after the date hereof, subject to the Lead Arrangers' consent to such changes (not to be unreasonably withheld, conditioned or delayed) (the "***Syndication Plan****"*), or to any other institution that assumes a level of commitments in respect of the Bridge Facility that are commensurate with those contemplated by the Syndication Plan for other lenders with that title. It is understood and agreed that BAS will have the left and highest placement on any information memoranda and other marketing materials relating to the Bridge Facility, and shall hold the role and responsibilities conventionally associated with such placement and WF Securities will be listed immediately to the right of BAS.

In addition, each of BAS and WF Securities is pleased to advise you of its willingness to act as, and you hereby agree to engage BAS and WF Securities as, lead arrangers and bookrunners in connection with any term loan or other bank facility provided to you or any of your subsidiaries in each case the proceeds of which are used to finance the Acquisition or to refinance or replace the Bridge Facility or any other interim financing entered into in connection with the Acquisition.

&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Conditions to Financing</u>**. Notwithstanding anything in this Commitment Letter, the Fee Letter, the definitive documentation for the Bridge Facility (the "***Loan Documentation***") or any other agreement or other undertaking concerning the Transactions (as defined in the Summary of Terms) to the contrary, the only conditions (express or implied) to the availability and funding of the Bridge Facility on the Funding Date are as follows (such conditions, the "***Funding Conditions***"): &nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) &nbsp;&nbsp;&nbsp;&nbsp;Since the date of the Arrangement Agreement, there shall not have occurred any changes, events, occurrences, effects, state of facts or circumstances that, individually or in the aggregate, have had or would reasonably be expected to have a Material Adverse Effect, as defined in the Arrangement Agreement as in effect on the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;(b) &nbsp;&nbsp;&nbsp;&nbsp;the execution and delivery of the Loan Documentation by the parties thereto, on terms consistent with the Commitment Letter and subject to the Certain Funds Provision; and

&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;the satisfaction (or waiver) of the other conditions precedent to the Funding Date expressly set forth in <u>Exhibit B</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything in this Commitment Letter, the Fee Letter, the Loan Documentation or any other agreement or other undertaking concerning the Transactions to the contrary, (i) the only conditions (express or implied) to the availability and funding of the Bridge Facility on the Funding Date are the Funding Conditions, (ii) the only representations and warranties the accuracy of which shall be a condition to the availability of the Bridge Facility on the Funding Date shall be the Specified Representations (defined below) to the extent constituting Funding Conditions, (iii) the terms of the Loan Documentation shall be in a form such that they do not impair availability of the Bridge Facility on the Funding Date if the Funding Conditions are satisfied (or waived), and (iv) following satisfaction (or waiver) of the Funding Conditions and the funding to the Bridge Facility on the Funding Date, there shall be no conditions to the use of the proceeds of the Bridge Facility for the purposes contemplated by the Term Sheet on the Closing Date. For purposes hereof, "***Specified Representations***" means (a) such of the representations and warranties made by the Target with respect to the Target and its subsidiaries in the Arrangement Agreement that are material to the interests of the Lenders, but only to the extent that you (or your subsidiary or affiliate) have the right to terminate your (or its) obligations under the Arrangement Agreement, or decline to consummate the Acquisition, as a result of a breach of such representations and warranties in the Arrangement Agreement (the "***Specified Arrangement Agreement Representations***")

&nbsp;&nbsp;&nbsp;&nbsp;2

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and (b) the representations and warranties of the Borrower and the Guarantors in the Loan Documentation relating to (1) corporate or other organizational existence of the Borrower and the Guarantors, (2) corporate power and authority of the Borrower and the Guarantors to enter into the Loan Documentation, (3) the enforceability of the Loan Documentation against the Borrower and the Guarantors, (4) due authorization, execution and delivery by the Borrower and the Guarantors of the Loan Documentation, (5) the execution and delivery of the Loan Documentation does not conflict with (i) the organizational documents of the Borrower and the Guarantors or (ii) any agreement or instrument evidencing indebtedness for borrowed money of the Borrower in a principal or committed amount in excess of $250,000,000 (determined after giving effect to the Transactions), (6) Federal Reserve margin regulations, (7) Investment Company Act status, (8) use of proceeds does not violate sanctions (including OFAC) and anti-corruption laws (including FCPA), (9) the PATRIOT Act and (10) absence of an event of default under the Loan Documentation arising from (x) the bankruptcy of the Borrower or (y) the non-payment of any fees due and payable under the Loan Documentation (the "***Specified Credit Agreement Representations***"). This paragraph shall be known as the "***Certain Funds Provision***."

&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Syndication</u>.** The Lead Arrangers reserve the right, prior to or after the Funding Date, to syndicate all or a portion of the Initial Lenders' commitments hereunder with respect to the Bridge Facility to one or more prospective Lenders; <u>provided</u> that the selection of Lenders and the allocations of the commitments among such Lenders shall be subject to your consent (such consent, during the period commencing on or after 60 days after the date hereof, not to be unreasonably withheld, conditioned or delayed) (it being agreed that you consent (x) to syndication and assignment of the commitments in respect of the Bridge Facility to lenders party to the Existing Credit Agreement (as defined below) as of the date hereof or as contemplated in the Syndication Plan (with any changes that you request after the date hereof, subject to the Lead Arrangers' consent to such changes (not to be unreasonably withheld, conditioned or delayed)) and (y) to allocations of the commitments to such Lenders described in the foregoing clause (x) ("***Approved Lenders***") as set forth in the Syndication Plan or, after the date that is 60 days after the date hereof, to allocations to Approved Lenders as otherwise determined by the Arrangers in consultation with you; <u>provided</u> that notwithstanding the right of the Lead Arrangers to syndicate the Bridge Facility and receive commitments with respect thereto, the Initial Lenders shall not be relieved, released or novated from its obligations hereunder (including its obligation to fund the entire amount of the Bridge Facility pursuant to its commitment hereunder on the Funding Date) in connection with any syndication, assignment or participation of the Bridge Facility, prior to the funding of the entire amount (or such lesser amount as is requested by the Borrower in writing) of the Bridge Facility on the Funding Date, except pursuant to (a) the Loan Documentation, to the extent of the commitments of the Lenders party thereto that are Approved Lenders, in which case the commitments of the Initial Lenders hereunder will be reduced dollar-for-dollar by the commitments of such Approved Lenders, on a ratable basis as among the Initial Lenders, or (b) a customary joinder or amendment to, or amendment or restatement of, this Commitment Letter executed by you and us (any such joinder, amendment or amendment and restatement, a "***Joinder***") pursuant to which the Approved Lenders agree to become party to this Commitment Letter and to extend commitments directly to you on the terms set forth herein (in which case the commitments of the Initial Lenders hereunder will be reduced dollar-for-dollar by the commitments of such Approved Lenders, on a ratable basis as among the Initial Lenders), and which Joinder, for the avoidance of doubt, shall not add any conditions to the availability of the Bridge Facility or modify the Commitment Letter in any manner other than technical modifications necessary to effectuate the addition of such Approved Lenders; <u>provided</u> <u>further</u> that the parties hereto shall cooperate in good faith to execute and deliver such a Joinder promptly upon all of the Approved Lenders being identified in accordance with the terms hereof and agreeing to enter such a Joinder.

&nbsp;&nbsp;&nbsp;&nbsp;Without limiting your obligations to assist with syndication efforts as set forth herein, it is understood that the Initial Lenders' commitments hereunder are not conditioned upon the syndication of, or receipt of commitments in respect of, the Bridge Facility and the successful completion of syndication of the Bridge Facility shall not constitute a condition to the availability of the Bridge Facility on the Funding Date. The Lead Arrangers intend to commence syndication of the Bridge Facility promptly upon your acceptance of this Commitment Letter and the Fee Letter. Until the earlier of (i) the date upon which a Successful Syndication (as defined in the Fee Letter) is achieved and (ii) the 60<sup>th</sup> day following the Funding Date (the "***Syndication Date***"), you agree to actively assist the Lead Arrangers in achieving a syndication of the Bridge Facility that is reasonably satisfactory to the Lead Arrangers and you (subject to the procedures and your rights set forth in the first paragraph of <u>Section 3</u> hereof). Such assistance shall

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include your (a) assisting in the preparation of confidential information memoranda and other customary marketing materials to be used in connection with the syndication of the Bridge Facility (collectively with the Summary of Terms, the "***Information Materials***"), (b) using your commercially reasonable efforts to ensure that the syndication efforts of the Lead Arrangers benefit materially from your existing banking relationships, (c) your using commercially reasonable efforts to obtain as promptly as reasonably practicable after the date hereof, giving effect to the Transactions, Public Debt Ratings (as defined in the Summary of Terms) from two of Moody's Investors Service, Inc. ("***Moody's***"), Standard & Poor's Financial Services LLC ("***S&P****"*) or Fitch Ratings, Inc. ("***Fitch***") and (d) making your officers and certain advisors available to attend and make presentations regarding the business and prospects of the Borrower and its subsidiaries, at one telephonic meeting of prospective Lenders (or, if otherwise deemed reasonably necessary by the Lead Arrangers, one or more telephonic meetings of prospective Lenders), at a time to be mutually agreed.

&nbsp;&nbsp;&nbsp;&nbsp;You further agree that, until the occurrence of the Syndication Date, you and your subsidiaries will not (and you will use commercially reasonable efforts (to the extent consistent with the Arrangement Agreement) to ensure that the Target and its subsidiaries will not) incur, issue, announce, offer, place or arrange any syndicated credit facility for the Borrower, the Target or their respective subsidiaries, in each case that would reasonably be expected to materially impair the primary syndication of the Bridge Facility (with it being understood that (i) the Term Loan Facility (as defined in the Summary of Terms), (ii) the issuance of the Senior Notes (as defined in the Summary of Terms), (iii) drawings under the Credit Agreement, dated as of January 5, 2023, among the Borrower, the subsidiary borrowers party thereto, the lenders party thereto, Wells Fargo Bank, National Association, as administrative agent, and the other parties from time to time party thereto (as amended, restated, amended and restated, waived, supplemented or otherwise modified prior to the date hereof, the "***Existing Credit Agreement***"), any amendment, restatement, amendment and restatement, supplement or other modification to the Existing Credit Agreement or any refinancing or replacement thereof that does not increase the aggregate committed amount to an amount greater than the aggregate committed amount as of the date hereof plus any Incremental Amount (as defined in the Existing Credit Agreement), (iv) ordinary course equipment financings and capital leases, (v) borrowings under ordinary course working capital, letter of credit or overdraft facilities, (vi) ordinary course supply chain financings, (vii) other debt in an amount not to exceed $100,000,000 in the aggregate, (viii) any indebtedness of the Target and its subsidiaries not prohibited from being incurred or remaining outstanding under the Arrangement Agreement (including after giving effect to any consent by you or any of your affiliates to any such incurrence after the date hereof that requires your or any of your affiliates' consent pursuant to the terms of the Arrangement Agreement) and (ix) any other financing agreed to by the Lead Arrangers, in each case of the foregoing clauses (i) through (ix), will not be deemed to materially impair the primary syndication of the Bridge Facility).

&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained in this Commitment Letter or the Fee Letter, (A) you will not be required to provide any information to the extent that the provision thereof would violate any attorney-client privilege, law, rule or regulation or any confidentiality obligation binding on you, the Target and/or any of your or their respective affiliates; <u>provided</u> that you shall use commercially reasonable efforts (with respect to any such obligation binding on the Target or its affiliates, to the extent consistent with the Arrangement Agreement) to obtain the relevant consents under such obligations of confidentiality to permit the provision of such information and, to the extent practicable and not prohibited by applicable law, rule or regulation, shall notify us of the information that is not being provided on the basis of such confidentiality obligations and (B) the financial statements required by <u>Exhibit B</u> hereto are the only financial statements that will be required in connection with the syndication of the Bridge Facility.

&nbsp;&nbsp;&nbsp;&nbsp;It is understood and agreed that the Lead Arrangers will manage all aspects of the syndication in consultation with you, including decisions as to the selection of prospective Approved Lenders and any titles offered to proposed Approved Lenders, when commitments will be accepted and the final allocations of the commitments among the Approved Lenders; provided that the selection of Approved Lenders and the allocations of the commitments among Approved Lenders shall be subject to the procedures and your rights set forth in the first paragraph of <u>Section 3</u> hereof. It is understood that no Lender participating in the Bridge Facility will receive compensation from you in order to obtain its commitment, except on the terms contained herein, in the Summary of Terms and in the Fee Letter.

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&nbsp;&nbsp;&nbsp;&nbsp;4. &nbsp;&nbsp;&nbsp;&nbsp;**<u>Information</u>**. You represent and warrant that (in each case, to your knowledge with respect to the Target and its subsidiaries) (a) all financial projections concerning the Borrower and its subsidiaries that have been or are hereafter made available to the Commitment Parties by you or by any of your representatives (on your behalf) in connection with the Transactions (the "***Projections****"*) have been or will be prepared in good faith based upon assumptions that you believed to be reasonable at the time made (it being understood that the Projections are subject to significant uncertainties and contingencies, many of which are beyond your control, the Projections, by their nature, are inherently uncertain and no assurances are being given that the results reflected in the Projections will be achieved, and that actual results during the period or periods covered by such Projections may differ from projected results and such differences may be material) and (b) all written information, other than Projections and information of a general industry nature, which has been or is hereafter made available to the Commitment Parties by you or by any of your representatives (on your behalf) in connection with the Transactions (the "***Information***"), taken as a whole, is or will be (as of the date made available) correct in all material respects and does not or will not (as of the date made available) contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein, taken as a whole, not materially misleading in light of the circumstances under which such statements were made (after giving effect to all supplements and updates thereto from time to time). If at any time from the date hereof until the later of the Funding Date and the Syndication Date, any of the representations and warranties contained in the foregoing sentence would not be correct in any material respect if the Information or Projections were being furnished, and such representations and warranties were being made, at such time, then you agree to (in the case of information about the Target and its subsidiaries, use commercially reasonable efforts to the extent consistent with the Arrangement Agreement to) promptly supplement, or cause to be supplemented, the Information or Projections from time to time so that the representations and warranties contained in this paragraph remain correct in all material respects under those circumstances. In issuing this commitment and in arranging and syndicating the Bridge Facility, the Commitment Parties are and will be using and relying on the Information without independent verification thereof and do not assume responsibility for the accuracy or completeness of the Information. Without limiting your obligations under this paragraph, it is understood that the Initial Lenders' commitments with respect to the Bridge Facility hereunder are not conditioned upon the accuracy of, or your compliance with, the representations, warranties and covenants in this paragraph. Notwithstanding the foregoing or anything to the contrary herein, nothing in this Commitment Letter or the definitive Loan Documents shall require you to deliver Projections to us covering more than three years from the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;You acknowledge that the Commitment Parties on your behalf will make available Information Materials to the proposed syndicate of Lenders by posting the Information Materials on Syndtrak, IntraLinks or another similar electronic system. In connection with the syndication of the Bridge Facility, unless the parties hereto otherwise agree in writing, you shall be under no obligation to provide Information Materials suitable for distribution to any prospective Lender (each, a "***Public Lender***") that has personnel who do not wish to receive material non-public information (within the meaning of the United States federal securities laws, "***MNPI***") with respect to the Borrower or its affiliates, the Target or its affiliates, or the respective securities of any of the foregoing. Prior to distribution of Information Materials to prospective Lenders, you shall provide us with a customary letter authorizing the dissemination thereof, subject to confidentiality undertakings satisfactory to you (it being understood and agreed that (i) customary procedures employed by us for providing prospective Lenders access via Syndtrak (or another similar electronic system) to information and other materials related to the Bridge Facility and the confidentiality terms to be accepted by prospective Lenders in connection therewith are satisfactory to you for such purpose provided that such confidentiality terms are no less favorable to you than those contained herein and (ii) and the Information Materials shall exculpate us, you, the Target and our, your and the Target's respective affiliates with respect to any liability related to the use of the contents of the Information Materials or related syndication and marketing materials by the recipients thereof).

&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Fees, Expenses, Indemnities and Limitation of Liability</u>**. You agree to pay, or cause to be paid, the fees set forth in the separate fee letter relating to this Commitment Letter addressed to you dated the date hereof (the "***Fee Letter***"). In addition, by executing this Commitment Letter, you agree, whether or not the Funding Date occurs, to reimburse the Commitment Parties from time to time on demand for all reasonable and documented out-of-pocket fees and expenses (in the case of fees,

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disbursements and other charges of counsel, limited to the reasonable and documented fees, disbursements and other charges of one U.S. counsel and one Canadian counsel to the Commitment Parties (taken together) and, if reasonably necessary, of one additional local counsel in any relevant jurisdiction and, solely in the case of an actual or potential conflict of interest, of one additional counsel (and, if reasonably necessary, one additional local counsel in any relevant jurisdiction)) incurred in connection with the Bridge Facility, the syndication thereof and the preparation of the Loan Documentation (the "***Expenses***"). You acknowledge that we may receive a benefit, including without limitation, a discount, credit or other accommodation, from any of such counsel based on the fees such counsel may receive on account of their relationship with us including, without limitation, fees paid pursuant hereto.

&nbsp;&nbsp;&nbsp;&nbsp;You agree to indemnify and hold harmless each of the Commitment Parties and each of their respective affiliates and controlling persons, successors and assigns and their respective officers, directors, employees, agents and advisors (each, an "***Indemnified Party***") from and against (and will reimburse each Indemnified Party as the same are incurred for) any and all claims, damages, losses, liabilities and expenses (in the case of fees, disbursements and charges of counsel, limited to the reasonable and documented fees, disbursements and other charges of one U.S. counsel and one Canadian counsel to all Indemnified Parties, taken together (and, if reasonably necessary, one additional local counsel in any relevant jurisdiction and, solely in the case of an actual or potential conflict of interest, of one additional counsel (and, if reasonably necessary, one additional local counsel in any relevant jurisdiction) for all affected Indemnified Parties taken together)) that may be incurred by or awarded against any Indemnified Party, in each case arising out of or in connection with (a) this Commitment Letter, the Fee Letter, the Arrangement Agreement or any Transaction or (b) the Bridge Facility, except to the extent such claim, damage, loss, liability or expense is found in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from (i) such Indemnified Party's or any of its Related Persons' (as defined below) bad faith, gross negligence or willful misconduct, (ii) the material breach by such Indemnified Party or any of its Related Persons of its obligations under this Commitment Letter or (iii) any dispute solely among Indemnified Parties (not arising as a result of any act or omission by you or any of your affiliates) other than claims against an Indemnified Party in its capacity or as a result of fulfilling its role as an agent, bookrunner, arranger or any other similar role under the Bridge Facility. In the case of an investigation, litigation or proceeding to which the indemnity in this paragraph applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by you, your equityholders or creditors, the Target, its subsidiaries or any other third party or an Indemnified Party, whether or not an Indemnified Party is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated.

&nbsp;&nbsp;&nbsp;&nbsp;You also agree that each of the Commitment Parties and each of their respective affiliates and controlling persons, successors and assigns and their respective officers, directors, employees, agents and advisors (each, a "***Released Party***") shall have no liability (whether direct or indirect, in contract or tort or otherwise) to you or your subsidiaries pursuant hereto, except to the extent of your and their direct, as opposed to special, indirect, consequential or punitive, damages determined in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from (i) such Released Party's or any of its Related Persons' bad faith, gross negligence or willful misconduct or (ii) the material breach by such Released Party or any of its Related Persons of its obligations under this Commitment Letter. Notwithstanding any other provision of this Commitment Letter, no Released Party shall be liable for any damages arising from the use by others of information or other materials obtained through electronic telecommunications or other information transmission systems, except to the extent resulting from (i) such Released Party's or any of its Related Persons' bad faith, gross negligence or willful misconduct or (ii) the material breach by such Released Party or any of its Related Persons of its obligations under this Commitment Letter, in each case as determined by a final and nonappealable judgment of a court of competent jurisdiction. You shall not be liable to us or any Released Party for any special, indirect, consequential or punitive damages in connection with the Commitment Letter, the Fee Letter, the Bridge Facility, the use of the proceeds thereof, the Transactions or any related transaction; provided that this sentence shall not limit your indemnification obligations as set forth in the immediately preceding paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;For purposes hereof, a "***Related Person***" of an Indemnified Party or Released Party, as applicable, means (a) any controlling person, controlled affiliate or subsidiary of such Indemnified Party

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or Released Party, as applicable, (b) the respective directors, officers or employees of such Indemnified Party or Released Party, as applicable, or any of its subsidiaries, controlled affiliates or controlling persons and (c) the respective agents and advisors of such Indemnified Party or Released Party, as applicable, or any of its subsidiaries, controlled affiliates or controlling persons.

&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Confidentiality, Other Obligations, Miscellaneous</u>.** This Commitment Letter and the Fee Letter and the contents hereof and thereof are confidential and may not be disclosed in whole or in part to any person or entity without our prior written consent; <u>provided</u>, <u>however</u>, it is understood and agreed that you may (i) disclose this Commitment Letter and the Fee Letter as may be compelled in a judicial or administrative proceeding or as otherwise required by law or requested by a governmental authority (in which case you agree to the extent permitted under applicable law to inform us promptly thereof), (ii) disclose this Commitment Letter and the Fee Letter to your and your affiliates' respective officers, directors, employees, stockholders, partners, members, accountants, attorneys, agents and advisors who are directly involved in the consideration of this matter on a confidential basis, (iii) disclose this Commitment Letter but not the Fee Letter after your acceptance of this Commitment Letter and the Fee Letter, in filings with the Securities and Exchange Commission and other applicable regulatory authorities and stock exchanges, (iv) disclose this Commitment Letter but not the Fee Letter to the Target and its officers, directors, accountants, attorneys and other professional advisors on a confidential and need to know basis in connection with their consideration of the Transactions, (v) to the extent portions thereof have been redacted in a customary manner to be reasonably agreed by us, disclose the Fee Letter to the Target and, its officers, directors, accountants, attorneys and other professional advisors on a confidential and need to know basis, (vi) after your acceptance of this Commitment Letter and the Fee Letter, disclose the aggregate fees payable under the Fee Letter (but not the Fee Letter itself) in generic disclosure of aggregate sources and uses contained in any confidential information memorandum or other marketing materials relating to the Bridge Facility, (vii) disclose the Commitment Letter to any rating agency on a confidential basis, (viii) after your acceptance hereof, disclose this Commitment Letter (but not the Fee Letter) to potential Lenders in coordination with us as contemplated by <u>Section 3</u> above, and (ix) disclose the Commitment Letter and the Fee Letter in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Commitment Letter, the Fee Letter, or the transactions contemplated hereby or thereby or enforcement hereof and thereof; provided that the foregoing restrictions shall cease to apply in respect of the existence and contents of this Commitment Letter (but not in respect of the Fee Letter and its fees and substance) on the date that is two years following the termination of this Commitment Letter in accordance with its terms. Notwithstanding anything herein to the contrary, you are authorized to disclose, without limitation of any kind, to any person the "tax treatment" and "tax structure" (as such terms are defined in Treasury Regulations Section 1.6011-4(c)) of the transactions contemplated hereby and all materials of any kind (including tax opinions and other tax analyses) provided to you relating to such treatment and structure. We hereby notify you that pursuant to the requirements of the USA PATRIOT Act, Title III of Pub. L. 107-56 (signed into law October 26, 2001) (the "***Act***") and the requirements of 31 C.F.R. §1010.230 (the "***Beneficial Ownership Regulation***"), each of us is required to obtain, verify and record information that identifies you, which information includes your name and address and other information that will allow us to identify you in accordance with the Act and the Beneficial Ownership Regulation.

&nbsp;&nbsp;&nbsp;&nbsp;You acknowledge that the Commitment Parties or their affiliates may be providing financing or other services to parties whose interests may conflict with yours. The Commitment Parties agree that they will not furnish confidential information obtained from you to any of their other customers and that they will treat confidential information relating to you and your affiliates with the same degree of care as they treat their own confidential information. The Commitment Parties further advise you that they will not make available to you confidential information that they have obtained or may obtain from any other customer.

&nbsp;&nbsp;&nbsp;&nbsp;In connection with all aspects of each transaction contemplated by this Commitment Letter and the Fee Letter, you acknowledge and agree, and acknowledge your subsidiaries' understanding, that: (a) (i) the arranging, assistance in structuring and other services described herein regarding the Bridge Facility are arm's-length commercial transactions between you and your subsidiaries, on the one hand, and the Commitment Parties, on the other hand, (ii) you have consulted your own legal, accounting, regulatory and tax advisors to the extent you have deemed appropriate, and (iii) you are capable of evaluating, and understand and accept, the terms, risks and conditions of the financing transactions

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contemplated hereby; (b) each of the Commitment Parties has been, is, and will be acting solely as a principal and, except as otherwise expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for you, any of your affiliates or any other person or entity; and (c) the Commitment Parties and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from yours and those of your affiliates, and neither Commitments Party has any obligation to disclose any of such interests to you or your affiliates. To the fullest extent permitted by law, you hereby waive and release any claims that you may have against the Commitment Parties with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated by this Commitment Letter.

&nbsp;&nbsp;&nbsp;&nbsp;In addition, please note that each of BAS and WF Securities were retained by the Borrower as its financial advisor (in such capacity, each, a "***Financial Advisor***") in connection with the Acquisition. Each of the parties hereto agree not to assert any claim they might allege based on any actual or potential conflicts of interest that might be asserted to arise or result from, on the one hand, the engagement of each Financial Advisor and, on the other hand, the relationship of each of BAS and WF Securities with the parties hereto as described and referred to herein and with respect to the other financing transactions in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;This Commitment Letter and the Fee Letter shall be governed by, and construed in accordance with, the laws of the State of New York; <u>provided</u> that, notwithstanding the foregoing to the contrary, it is understood and agreed that any determinations as to (x) the accuracy of any representations and warranties made by or on behalf of the Target and its subsidiaries in the Arrangement Agreement and whether as a result of any inaccuracy thereof you (or your subsidiary or affiliate) have the right to terminate your (or its) obligations under the Arrangement Agreement, or decline to consummate the Acquisition, as a result of a breach of such representations and warranties in the Arrangement Agreement, (y) the determination of whether the Acquisition has been consummated in accordance with the terms of the Arrangement Agreement and (z) the interpretation of the definition of Material Adverse Effect and whether a Material Adverse Effect has occurred shall, in each case, be governed by, and construed in accordance with, the laws of the Province of Québec and the federal laws of Canada applicable therein. **EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS COMMITMENT LETTER, THE FEE LETTER, THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY OR THE ACTIONS OF THE COMMITMENT PARTIES IN THE NEGOTIATION, PERFORMANCE OR ENFORCEMENT HEREOF.** With respect to any suit, action or proceeding arising in respect of this Commitment Letter, the Fee Letter, the transactions contemplated hereby and thereby or the actions of the Commitment Parties in the negotiation, performance or enforcement hereof, the parties hereto hereby irrevocably and unconditionally submit to the exclusive jurisdiction of any state or federal court located in the Borough of Manhattan and irrevocably and unconditionally waive any objection to the laying of venue of such suit, action or proceeding brought in such court and any claim that such suit, action or proceeding has been brought in an inconvenient forum The parties hereto hereby agree that service of any process, summons, notice or document by registered mail addressed to you or us will be effective service of process against such party for any action or proceeding relating to any such dispute. A final judgment in any such action or proceeding may be enforced in any other courts with jurisdiction over you or any Commitment Party.

&nbsp;&nbsp;&nbsp;&nbsp;The provisions of <u>Sections 3</u>, <u>4</u>, <u>5</u> and <u>6</u> shall remain in full force and effect regardless of whether Loan Documentation shall be executed and delivered, and notwithstanding the termination of this Commitment Letter or any commitment or undertaking of the Commitment Parties hereunder; <u>provided</u> that (i) <u>Sections 3</u> and <u>4</u> shall terminate upon the termination of this Commitment Letter if the Loan Documentation shall not have been entered into and (ii) the reimbursement and indemnification obligations under this Commitment Letter shall be automatically superseded by any corresponding provisions of the definitive Loan Documentation, to the extent covered thereby.

&nbsp;&nbsp;&nbsp;&nbsp;The Commitment Parties shall use all information received by them in connection with the Transactions ("***Confidential Information***") solely for the purposes of providing the services that are the subject of this Commitment Letter and agree to maintain the confidentiality of the Confidential Information and not to publish, disclose or otherwise divulge such information, except that Confidential Information may be disclosed (a) to their affiliates and their and their affiliates' respective partners,

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directors, officers, employees, trustees, advisors and agents (it being understood that the persons to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to keep such Confidential Information confidential), (b) to the extent requested by any regulatory authority (including any self-regulatory authority), in which case the Commitment Parties agree to the extent reasonably practicable and not prohibited by applicable law, rule, regulation or order, to inform you promptly of the disclosure thereof, (c) to the extent required by applicable laws, rules or regulations or by any subpoena or order or similar legal process (in which case the Commitment Parties agree to the extent not prohibited by applicable law, rule, regulation or order, to inform you promptly of the disclosure thereof), (d) in connection with performing the services described herein and consummating the transactions contemplated hereby, to any prospective Lender subject to the confidentiality agreements set forth in the Information Materials, (e) to potential counterparties to any swap or derivative transaction, subject to the confidentiality agreements set forth in the Information Materials or otherwise no less favorable to you than this paragraph, (f) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Commitment Letter, the Fee Letter, the Bridge Facility or the enforcement of rights thereunder, (g) with the prior written consent of the Borrower, (h) in connection with obtaining CUSIP numbers, (i) to market data collectors and similar service providers to the lending industry or (j) to the extent such Confidential Information (x) becomes publicly available other than as a result of a breach of this paragraph or (y) becomes available to such Commitment Party from a source other than you (or your representatives) that is not, to the Commitment Party's knowledge, subject to confidentiality or fiduciary obligations owing to you or any of your subsidiaries. Notwithstanding the foregoing, the Commitment Parties shall not be required to provide notice of any permitted disclosures made in connection with any regulatory review of any Commitment Party by any governmental agency or examiner or regulatory body with jurisdiction over any Commitment Party. The provisions of this paragraph shall automatically terminate upon the earlier of (i) the date that the Loan Documentation is entered into (at which time the confidentiality provisions therein shall govern) and (ii) two years following the date of this Commitment Letter.

&nbsp;&nbsp;&nbsp;&nbsp;This Commitment Letter and the Fee Letter may be executed in multiple counterparts and by different parties hereto in separate counterparts, all of which, taken together, shall constitute an original. Delivery of an executed counterpart of a signature page of this Commitment Letter and the Fee Letter by facsimile transmission or electronic transmission (in .pdf format) will be effective as delivery of a manually executed counterpart hereof. This Commitment Letter and the Fee Letter may be in the form of an Electronic Record (as defined herein) and may be executed using Electronic Signatures (as defined herein) (including, without limitation, facsimile and .pdf) and shall be considered an original, and shall have the same legal effect, validity and enforceability as a paper record. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by us of a manually signed paper communication which has been converted into electronic form (such as scanned into .pdf format), or an electronically signed communication converted into another format, for transmission, delivery and/or retention. "***Electronic Record***" and "***Electronic Signature***" shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;This Commitment Letter (including the exhibits hereto) and the Fee Letter embody the entire agreement and understanding among the Commitment Parties, you and your affiliates with respect to the Bridge Facility and supersede all prior agreements and understandings relating to the specific matters hereof. Those matters that are not covered or made clear herein or in the Summary of Terms or the Fee Letter are subject to mutual agreement of the parties. No party has been authorized by any Commitment Party to make any oral or written statements that are inconsistent with this Commitment Letter. This Commitment Letter is intended to be solely for the benefit of the parties hereto and, to the extent expressly provided herein, the Indemnified Parties. This Commitment Letter may not be amended or any provision hereof waived or modified except by an instrument in writing signed by each of the Commitment Parties and you. This Commitment Letter shall not be assignable by any party hereto (except by us as expressly contemplated in <u>Section 3</u> of this Commitment Letter, to the extent constituting an assignment pursuant to a Joinder executed by you and us) without the prior written consent of each other party hereto (and any such purported assignment, unless made in accordance with the provisions referred to in the prior parenthetical in this sentence, without such consent shall be null and void).

&nbsp;&nbsp;&nbsp;&nbsp;Each of the parties hereto agrees that this Commitment Letter is a binding and enforceable agreement (subject to the effects of bankruptcy, insolvency, fraudulent transfer, fraudulent conveyance,

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reorganization and other similar laws relating to or affecting creditors' rights generally and general principles of equity) with respect to the subject matter contained herein, including an agreement to negotiate in good faith the Loan Documents by the parties hereto in a manner consistent with this Commitment Letter, it being acknowledged and agreed that the funding of the Bridge Facility is subject only to the Funding Conditions and that nothing contained in this Commitment Letter obligates you or any of your affiliates to consummate the Acquisition or to draw down any portion of the Bridge Facility. In addition, the Borrower shall have the right to reduce the commitments hereunder in whole or in part on a ratable basis as among the Initial Lenders at any time and from time to time by the giving of notice in writing to the Lead Arrangers.

&nbsp;&nbsp;&nbsp;&nbsp;This Commitment Letter and all commitments and undertakings of the Commitment Parties hereunder will expire at 11:59 p.m. New York City time on February 26, 2023 unless you execute this Commitment Letter and the Fee Letter and return them to us prior to that time, whereupon this Commitment Letter (including the Summary of Terms) and the Fee Letter (each of which may be signed in one or more counterparts) shall become binding agreements. Thereafter, all commitments and undertakings of the Commitment Parties hereunder will expire on the earliest of (i) the "Outside Date" (as defined in the Arrangement Agreement as in effect on the date hereof, after giving effect to any extension thereof in accordance with the Arrangement Agreement as in effect on the date hereof), (ii) the consummation of the Acquisition without the use of the Bridge Facility, (iii) the date of the termination of the Arrangement Agreement by you in writing in accordance with its terms, (iv) the sole election of the Borrower (in its sole discretion) to terminate this Commitment Letter in writing to the Lead Arrangers and (v) the Effective Date.

[THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

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We are pleased to have the opportunity to work with you in connection with this important financing.

Very truly yours,

**BOFA SECURITIES, INC.**

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Harry Menzies&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:&nbsp;&nbsp;&nbsp;&nbsp;<u>Harry Menzies&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Title:&nbsp;&nbsp;&nbsp;&nbsp;<u>Vice President&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

**BANK OF AMERICA, N.A.**

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Jason Yakabu&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:&nbsp;&nbsp;&nbsp;&nbsp;<u>Jason Yakabu&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Title:&nbsp;&nbsp;&nbsp;&nbsp;<u>Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

**WELLS FARGO BANK, NATIONAL ASSOCIATION**

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Lauren Lantero&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:&nbsp;&nbsp;&nbsp;&nbsp;<u>Lauren Lantero&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Title:&nbsp;&nbsp;&nbsp;&nbsp;<u>Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

**WELLS FARGO SECURITIES, LLC**

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Matthew Walters&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Name:&nbsp;&nbsp;&nbsp;&nbsp;<u>Matthew Walters&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Title:&nbsp;&nbsp;&nbsp;&nbsp;<u>Managing Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

 *[Project Rainbow – Signature Page to Commitment Letter]*

&nbsp;&nbsp;&nbsp;&nbsp;

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Accepted and agreed to<br>as of the date first written above:

**LKQ CORPORATION**<br>By: <u>/s/ Rick Galloway__________________</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Rick Galloway<br> Title: Senior Vice President and Chief <br>&nbsp;&nbsp;&nbsp;&nbsp; Financial Officer

&nbsp;&nbsp;&nbsp;&nbsp;

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**EXHIBIT A**

**SUMMARY OF TERMS AND CONDITIONS**

**PROJECT RAINBOW**

**$2.1 BILLION BRIDGE FACILITY**

**CAPITALIZED TERMS NOT OTHERWISE DEFINED HEREIN HAVE THE SAME MEANINGS AS SPECIFIED THEREFOR IN THE COMMITMENT LETTER TO WHICH THIS SUMMARY OF TERMS AND CONDITIONS IS ATTACHED.** 

**Borrower:**&nbsp;&nbsp;&nbsp;&nbsp;LKQ Corporation, a Delaware corporation (the "***Borrower***"); provided that, the Borrower shall have the right to designate LKQ Delaware LLP, a Delaware limited liability partnership having two Alberta unlimited liability companies as its partners, as an additional Subsidiary Borrower (as defined in the Existing Credit Agreement) in a manner consistent with the Existing Credit Agreement.

**Guarantors:**&nbsp;&nbsp;&nbsp;&nbsp;Same as the Existing Credit Agreement.

**Transactions:&nbsp;&nbsp;&nbsp;&nbsp;**The Borrower intends to acquire a company previously identified by you to us as "Rainbow", pursuant to the Arrangement Agreement, dated as of the date hereof (as amended, waived, supplemented or otherwise modified prior to the date hereof, the "***Arrangement Agreement***"), among the Borrower, 9485-4692 Québec Inc. (the "***Purchaser***") and the Target for the aggregate cash consideration set forth in the Arrangement Agreement as in effect on the date hereof ("***Acquisition Consideration***"). In connection with the Acquisition, the Borrower intends to (i) obtain the Bridge Facility, (ii) repay all principal, interest and fees outstanding under the Target's Second Amended and Restated Credit Agreement, dated as of December 6, 2021, as amended on August 15, 2022 and settle any conversion or repurchase obligations arising under the Target's CAD $106 million aggregate principal amount of 6.0% Convertible Senior Subordinated Unsecured Debentures due 2026 (collectively, the "***Refinancing***") and (iii) pay the fees, costs and expenses incurred in connection with the foregoing. It is anticipated that some or all of the Bridge Facility will be replaced on or prior to the Funding Date or refinanced after the Funding Date by one or more of the following: (i) the issuance of one or more series of senior unsecured notes by the Borrower through one or more public offerings or private placements (the "***Senior Notes***") and/or (ii) the establishment of one or more senior unsecured term loan facilities (the "***Term Loan Facility***").

&nbsp;&nbsp;&nbsp;&nbsp;The transactions described in the foregoing paragraph are referred to herein collectively as the "***Transactions***".

**Administrative&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Wells Fargo Bank, National Association shall act as sole administrative

**Agent:**&nbsp;&nbsp;&nbsp;&nbsp;agent for the Lenders (in such capacity, the "***Administrative Agent***").

&nbsp;&nbsp;&nbsp;&nbsp;A-2

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**Lead Arrangers&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

**And Bookrunners:**&nbsp;&nbsp;&nbsp;&nbsp;BofA Securities, Inc. ("***BAS***") and Wells Fargo Securities, LLC ("***WF Securities***") (or any of their respective affiliates) will act as lead arrangers and bookrunners for the Bridge Facility (the "***Lead Arrangers***").

**Syndication &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

**Agents:**&nbsp;&nbsp;&nbsp;&nbsp;Bank of America, N.A. and WF Securities shall act as syndication agents for the Bridge Facility.

**Lenders:**&nbsp;&nbsp;&nbsp;&nbsp;A syndicate of banks and other financial institutions arranged by the Lead Arrangers in accordance with the Commitment Letter (collectively, the "***Lenders***").

**Facility:**&nbsp;&nbsp;&nbsp;&nbsp;A $2.1 billion 364-day senior unsecured bridge term loan facility (as such amount may be reduced as set forth in the section under the heading "Mandatory Prepayments" below) (the "***Bridge Facility***"). The Bridge Facility may be drawn in U.S. Dollars or, at the election of the Borrower, in an equivalent amount of Canadian Dollars, pursuant to borrowing and interest rate mechanics to be mutually agreed.

**Purpose:**&nbsp;&nbsp;&nbsp;&nbsp;The proceeds of the Bridge Facility shall be used by the Borrower to (i) finance all or a portion of the Acquisition Consideration, (ii) consummate the Refinancing and (iii) pay fees, costs and expenses related to the Transactions.

**Availability:**&nbsp;&nbsp;&nbsp;&nbsp;The Bridge Facility shall be available in a single drawing on the Funding Date.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Interest Rates and fees:&nbsp;&nbsp;&nbsp;&nbsp;**As set forth in <u>Schedule I</u>.

**Maturity:**&nbsp;&nbsp;&nbsp;&nbsp;The Bridge Facility will mature on the date that is 364 days after the Funding Date.

**Amortization:&nbsp;&nbsp;&nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp;None.

**Optional&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**The Borrower may in its sole discretion prepay the Bridge Facility in

**Prepayments:**&nbsp;&nbsp;&nbsp;&nbsp;whole or in part and, if the Bridge Facility is paid in whole, terminate the Loan Documentation, at any time without premium or penalty, subject to reimbursement of the Lenders' breakage and redeployment costs in the case of prepayment of SOFR borrowings.

**Mandatory &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**The following amounts shall be applied to prepay the loans outstanding

**Prepayments:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**under the Bridge Facility within three (3) business days of receipt of

such amounts (and, prior to the Funding Date, the commitments under the Bridge Facility pursuant to the Commitment Letter or Loan Documentation (as applicable), shall be automatically and permanently reduced by such amounts) (it being understood that amounts set forth in clause (a) below shall only be required to be applied to reduce commitments under the Bridge Facility prior to the Funding Date and shall not result in any mandatory prepayment of loans thereafter):

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&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;100.0% of the committed amount of any term loan credit facility entered into by the Borrower or any of its subsidiaries for the purpose of financing the Transactions (such reduction to occur automatically upon the later of (x) the effectiveness of definitive documentation for such term loan credit facility and (y) the receipt by the Lead Arrangers of a notice from the Borrower that such term loan credit facility constitutes a Qualifying Term Loan Facility);

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;100.0% of the Net Cash Proceeds (as defined below) from the incurrence of debt for borrowed money by the Borrower or any of its subsidiaries (excluding (i) intercompany debt of such entities, (ii) borrowings under the Existing Credit Agreement or any Incremental Amount (as defined in the Existing Credit Agreement) incurred pursuant to Section 1.20 of the Existing Credit Agreement, (iii) any borrowings under ordinary course working capital, letter of credit or overdraft facilities, (iv) indebtedness with respect to capital leases or equipment financings incurred in the ordinary course of business, (v) indebtedness with respect to ordinary course supply chain financings, (vi) any replacement or refinancing of the 3.875% Senior Notes due 2024 issued by Lightning Italia Bondco di Lightning Italia Bondco GP S.r.l. e C. S.A.P.A., (vii) other debt (other than the Senior Notes) in an amount not to exceed $100,000,000 in the aggregate and (viii) any Qualifying Term Loan Facility that has reduced commitments under the Bridge Facility pursuant to clause (a) above);

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;100.0% of the Net Cash Proceeds from the issuance of any equity interests by the Borrower (other than (i) issuances pursuant to employee stock plans or other benefit or employee incentive arrangements, (ii) issuances by the Borrower to its subsidiaries and (iii) issuances as consideration for any acquisition by the Borrower or any of its subsidiaries); and

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;100.0% of the Net Cash Proceeds from the sale or other disposition of assets of the Borrower or any of its subsidiaries outside the ordinary course of business (including issuances of stock by the Borrower's subsidiaries) (except for (i) asset sales (including issuances of stock by the Borrower's subsidiaries) between or among such entities, (ii) sales or other dispositions of marketable securities and public equity securities and (iii) asset sales (including issuances of stock by the Borrower's subsidiaries), the net cash proceeds of which do not exceed $50,000,000 in any single transaction or related series of transactions or $175,000,000 in the aggregate), to the extent that such proceeds are not reinvested (or committed to be reinvested) in the business of the Borrower or any of its subsidiaries within nine (9) months following receipt thereof.

"***Net Cash Proceeds***" means, with respect to any event, the cash (which term, for purposes of this definition, shall include cash equivalents) proceeds actually received by the Borrower (or, as applicable, any of its subsidiaries) in respect of such event, including any cash received in respect of any noncash proceeds, but only as and when received, net of the sum, without duplication, of (i) all fees and expenses incurred in connection with such event by the Borrower and its subsidiaries, (ii) in the case of a sale, transfer, lease or other disposition (including pursuant to a sale and leaseback transaction) of an asset, the amount of all payments required to be made by the Borrower and its subsidiaries as a result of such event to repay debt for borrowed money secured by such asset and (iii) the amount of all taxes paid (or reasonably estimated to be payable) by the Borrower and its subsidiaries, and the amount of any

&nbsp;&nbsp;&nbsp;&nbsp;A-4

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reserves established by the Borrower and its subsidiaries in accordance with GAAP or other applicable accounting standards to fund any purchase price adjustment, indemnification and similar contingent liabilities reasonably estimated to be payable, in each case during the year that such event occurred or the next succeeding year and that are directly attributable to the occurrence of such event (as determined reasonably and in good faith by the Borrower); <u>provided</u> that if the amount of such reserves exceeds the amounts charged against such reserve, then such excess, upon determination thereof, shall then constitute Net Cash Proceeds. Notwithstanding the foregoing, no such reduction or prepayment shall be required in connection with any Net Cash Proceeds received by a foreign subsidiary that is not a Borrower or Guarantor to the extent that the Borrower has reasonably determined that the repatriation of such funds would (x) result in material adverse tax consequences or (y) be prohibited or restricted by applicable law.

"***Qualifying Term Loan Facility***" shall mean a term loan facility entered into by the Borrower for the purpose of financing the Transactions (i) that is subject to conditions precedent to funding that are no less favorable to the Borrower than the conditions set forth herein to the funding of the Bridge Facility and (ii) the enforcement and remedial provisions of which are not materially less favorable to the Borrower as compared to the enforcement and remedial provisions hereunder, in each case as determined by the Borrower in its reasonable discretion.

The Borrower shall give the Administrative Agent prompt written notice of any commitment reduction or prepayment required pursuant to this section or of having entered into a Qualifying Term Loan Facility.

If the proceeds to the Bridge Facility are not applied to consummate the Acquisition within three Business Days after the Funding Date, all loans outstanding under the Bridge Facility shall be repaid.

Amounts prepaid pursuant to any mandatory prepayment of the loans may not be re-borrowed.&nbsp;&nbsp;&nbsp;&nbsp;

**Commitment&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**The commitments in respect of the Bridge Facility will terminate in their

**Termination:&nbsp;&nbsp;&nbsp;&nbsp;**entirety automatically upon the funding of the entire amount (or such lesser amount as is requested by the Borrower in writing) of the Bridge Facility on the Funding Date. In addition, (i) at any time after the Effective Date and prior to the Funding Date, the Borrower shall have the right to terminate commitments in respect of the Bridge Facility in whole or in part in its sole discretion and (ii) the commitments of the Lenders will expire on the earliest of (A) the "Outside Date" (as defined in the Arrangement Agreement as in effect on the date hereof after giving effect to any extension thereof in accordance with the Arrangement Agreement as in effect on the date hereof), (B) the consummation of the Acquisition without the use of the Bridge Facility, (C) the date of the termination of the Arrangement Agreement by the Borrower in writing in accordance with its terms.

**Collateral:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**&nbsp;&nbsp;&nbsp;&nbsp;None.

**Conditions Precedent&nbsp;&nbsp;&nbsp;&nbsp;**

**to Effectiveness:&nbsp;&nbsp;&nbsp;&nbsp;**The effectiveness of the Loan Documentation on the Effective Date will be subject solely to the satisfaction of the following conditions precedent (subject to the Certain Funds Provision):

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;the execution and delivery of the Loan Documentation by the parties thereto, on terms consistent with the Commitment Letter and subject to the Certain Funds Provision; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;the Administrative Agent shall have received, at least three (3) business days prior to the Effective Date, all documentation and other information relating to the Borrower (but not, for the avoidance of doubt, the Target or its subsidiaries) as has been reasonably requested in writing at least ten (10) business days prior to the Effective Date by the Administrative Agent on behalf of any such Lender that is required by regulatory authorities under applicable "know your customer" and anti-money laundering rules and regulations, including, without limitation, the PATRIOT Act.

The occurrence of the Effective Date shall be confirmed by a written notice from the Administrative Agent to the Borrower on the Effective Date, and shall be conclusive evidence of the occurrence thereof.

**Conditions Precedent**

**to Funding:&nbsp;&nbsp;&nbsp;&nbsp;**The loans under the Bridge Facility shall be available on the date that is

one day prior to the date that the Target files the Articles of Arrangement with the Enterprise Registrar (the **"*Funding Date***"); provided that the Funding Conditions are satisfied or waived. Such funds shall be held in escrow by the Depositary until the Enterprise Registrar issues the Certificate of Arrangement (the "***Closing Date***"). All capitalized terms used in this paragraph not otherwise defined herein have the meaning given to them in the Arrangement Agreement.

**Certain Funds Period:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**During the period from and including the Effective Date to and including

the Closing Date (the "***Certain Funds Period***"), and notwithstanding (i) that any representation made on the Effective Date (excluding the Specified Representations made on the Funding Date to the extent constituting Funding Conditions) was incorrect, (ii) any failure by the Borrower to comply with the affirmative covenants, negative covenants and financial covenants, (iii) any provision to the contrary in the Loan Documentation or otherwise or (iv) that any condition to the occurrence of the Effective Date may subsequently be determined not to have been satisfied, neither the Administrative Agent nor any Lender shall be entitled to (1) cancel any of its commitments under the Bridge Facility (except as set forth in "Mandatory Prepayments" above), (2) assert the existence of an event of default, rescind, terminate or cancel the Loan Documentation or exercise any right or remedy or make or enforce any claim under the Loan Documentation, related notes, related fee letter or otherwise it may have to the extent to do so would prevent, limit or delay the making of its loan, (3) refuse to participate in making its loan; provided that the Funding Conditions have been satisfied or waived, or (4) exercise any right of set-off or counterclaim in respect of its loan to the extent to do so would prevent, limit or delay the making of its loan or the use of the funds on the Closing Date. Notwithstanding anything to the contrary provided herein, (A) the rights and remedies of the Lenders and the Administrative Agent shall not be limited in the event that any applicable Funding Condition is not satisfied or waived on the Funding Date (other than, if such conditions have been satisfied or waived on or prior to the Funding Date, the conditions set forth under the heading "Conditions Precedent to Effectiveness") and (B) immediately after the expiration of the Certain Funds Period, all of the rights, remedies and entitlements of the Administrative Agent and the Lenders shall be

&nbsp;&nbsp;&nbsp;&nbsp;A-6

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available notwithstanding that such rights were not available prior to such time as a result of the foregoing.

**Documentation**

**Principles:&nbsp;&nbsp;&nbsp;&nbsp;**The definitive documentation for the Bridge Facility, including, without limitation, the representations and warranties, covenants and events of default contained therein, will be substantially the same as the Existing Credit Agreement. The Loan Documentation will contain only those conditions to borrowing, mandatory prepayments, representations, warranties, covenants and events of default expressly set forth in this Term Sheet. The phrase "substantially the same as the Existing Credit Agreement" and words of similar import mean the same as the Existing Credit Agreement, with modifications (a) as are necessary to reflect the terms specifically set forth in the Commitment Letter (including the nature of the Bridge Facility as a bridge facility) and the Fee Letter, (b) to reflect the operational or administrative requirements of the administrative agent as reasonably agreed by Borrower, (c) to accommodate the structure of the Acquisition, (d) as mutually agreed to reasonably accommodate the operational and strategic requirements of the Borrower and its subsidiaries (including as to the operational and strategic requirements of the Target and its subsidiaries), particularly in light of the industries, businesses, business practices of the Borrower, the Target and their respective subsidiaries, the Borrower's proposed business plan and the disclosure schedules to the Arrangement Agreement, and (e) subject to clause (a), with modifications to be mutually agreed to basket amounts, carveouts and thresholds to reflect the Funding Date leverage and consolidated earnings and assets of the Borrower and its subsidiaries. 

**Representations&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

**And Warranties:** &nbsp;&nbsp;&nbsp;&nbsp;Subject to the Certain Funds Provision, substantially the same as the Existing Credit Agreement.

**Affirmative Covenants:** &nbsp;&nbsp;&nbsp;&nbsp;Subject to the Certain Funds Provision, substantially the same as the Existing Credit Agreement, which shall be applicable from the Effective Date.

**Negative Covenants:**&nbsp;&nbsp;&nbsp;&nbsp;Subject to the Certain Funds Provision, substantially the same as in the Existing Credit Agreement which shall be applicable from the Effective Date.

**Financial Covenant:&nbsp;&nbsp;&nbsp;&nbsp;**Subject to the Certain Funds Provision, substantially the same as in the Existing Credit Agreement, which shall be applicable from the end of the first quarter after the Closing Date.

**Events of Default:**&nbsp;&nbsp;&nbsp;&nbsp;Subject to the Certain Funds Provision, substantially the same as the Existing Credit Agreement.

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**Assignments and&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

**Participations:&nbsp;&nbsp;&nbsp;&nbsp;**On or prior to the Funding Date, the making of assignments of and participations in commitments shall be subject to the provisions set forth in the Commitment Letter.

&nbsp;&nbsp;&nbsp;&nbsp;At all times thereafter, assignments of and participations in loans under the Bridge Facility shall be subject to limitations substantially similar to the Existing Credit Agreement.

**Waivers and**

**Amendments:&nbsp;&nbsp;&nbsp;&nbsp;**Substantially the same as the Existing Credit Agreement.

**Indemnification:**&nbsp;&nbsp;&nbsp;&nbsp;The Borrower will indemnify and hold harmless the Administrative Agent, each Lead Arranger, each Lender and their respective affiliates and controlling persons, successors and assigns and their respective officers, directors, employees, agents and advisors in a manner substantially consistent with Section 5 of the Commitment Letter.

**Governing Law:&nbsp;&nbsp;&nbsp;&nbsp;**State of New York.

**Pricing/Fees&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**As set forth in <u>Schedule I</u>.

**Expenses:**&nbsp;&nbsp;&nbsp;&nbsp;

**Other:&nbsp;&nbsp;&nbsp;&nbsp;**Each of the parties shall (i) waive its right to a trial by jury and (ii) submit to exclusive jurisdiction of any state or federal court located in the Borough of Manhattan, New York. The Loan Documentation will contain customary increased cost, withholding tax, capital adequacy and yield protection provisions, in each case the substantially the same as those provisions set forth in the Existing Credit Agreement.

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**SCHEDULE I**

**INTEREST AND FEES**

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| Interest: | At the Borrower's option, loans will bear interest based on the Alternate Base Rate (as defined in the Existing Credit Agreement) <u>plus</u> the Applicable Margin (as hereinafter defined) or the Adjusted Term SOFR Rate (as hereinafter defined) <u>plus</u> the Applicable Margin, as described below: <br>A.&nbsp;&nbsp;&nbsp;&nbsp;<u>Base Rate Option</u><br>Interest will be at an annual interest rate equal to the Alternate Base Rate (as defined in the Existing Credit Agreement) <u>plus</u> the Applicable Margin. Interest shall be payable quarterly in arrears on the last Business Day (as defined in the Existing Credit Agreement) of each March, June, September and December and the Applicable Maturity Date (as defined in the Existing Credit Agreement), and shall be calculated on the basis of the actual number of days elapsed in a year of 365/366 days. Any loan bearing interest at the Alternate Base Rate (as defined in the Existing Credit Agreement) is referred to herein as a "***Base Rate Loan***".<br>B.&nbsp;&nbsp;&nbsp;&nbsp;<u>SOFR Option</u><br>Interest will be determined for periods ("***Interest Periods***") of one, three or six months as selected by the Borrower or such other period agreed to by the Lenders and the Borrower and will be at an annual rate equal to the Adjusted Term SOFR Rate <u>plus</u> the Applicable Margin. Interest will be paid on the last day of each Interest Period or, in the case of Interest Periods longer than three months, each day prior to the last day of such Interest Period that occurs at three-month intervals after the first day of such Interest Period, and will be calculated on the basis of the actual number of days elapsed in a year of 360 days. Any loan bearing interest at the Adjusted Term SOFR Rate (other than a Base Rate Loan for which interest is determined by reference to the Adjusted Term SOFR Rate) is referred to herein as a "***Term SOFR Loan***".<br>"***Adjusted Term SOFR Rate***" means Term SOFR (as defined in the Existing Credit Agreement) plus 0.10%.  |

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A-II-1

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| Default Interest: | All overdue principal, fees and other obligations under the Bridge Facility shall bear interest at a rate per annum of 2% in excess of the rate then applicable to such loan (including the applicable interest margin), fee or other obligation and shall be payable on demand of the Administrative Agent. |
| Undrawn Commitment Fee: | The Borrower will pay to the Administrative Agent (for the ratable account of the Lenders) an undrawn commitment fee (the "***Undrawn Commitment Fee***") equal to 0.175% per annum (calculated on the basis of actual number of days elapsed in a year of 360 days) on the aggregate principal amount of the commitments in respect of the Bridge Facility. Such fee shall accrue from and after the date that is the later of (i) ninety (90) days after the date of the Commitment Letter and (ii) the Effective Date to but excluding the earlier to occur of (i) the Funding Date and (ii) the termination or expiration of the commitments in respect of the Bridge Facility (such date, the "***Fee Payment Date***"). Such Undrawn Commitment Fee shall be due and payable in full on the Fee Payment Date. |
| Duration Fee: | The Borrower will pay a fee (the "***Duration Fee***"), for the ratable benefit of the Lenders, in an amount equal to (i) 0.50% of the aggregate principal amount of the loans under the Bridge Facility outstanding on the date which is 90 days after the Funding Date, due and payable in cash on such 90<sup>th</sup> day (provided if such day is not a business day, the next business day); (ii) 0.75% of the aggregate principal amount of the loans under the Bridge Facility outstanding on the date which is 180 days after the Funding Date, due and payable in cash on such 180<sup>th</sup> day (provided if such day is not a business day, the next business day); and (iii) 1.00% of the aggregate principal amount of the loans under the Bridge Facility outstanding on the date which is 270 days after the Funding Date, due and payable on such 270<sup>th</sup> day (provided if such day is not a business day, the next business day).  |

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A-I-2

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| <u>Other Fees:</u> | <u>The Lead Arrangers and the Administrative Agent will receive such other fees as will have been agreed in the Fee Letter.</u> |
| <u>Applicable Margin:</u> | The applicable interest margin (the "***Applicable Margin***") for a Term SOFR Loan or Base Rate Loan shall be based on the Pricing Schedule (as defined in the Existing Credit Agreement) in the Existing Credit Agreement, but with an additional step-up of 25.0 bps every 90 days after the Funding Date. |

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<u>Cost and Yield Protection:</u>&nbsp;&nbsp;&nbsp;&nbsp;Substantially similar to the Existing Credit Agreement.

<u>Expenses:</u>&nbsp;&nbsp;&nbsp;&nbsp;Substantially similar to the Existing Credit Agreement, subject to changes consistent with <u>Section 5</u> of the Commitment Letter.

A-I-3

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**EXHIBIT B**

**<u>PROJECT RAINBOW</u>**

**364-DAY SENIOR UNSECURED BRIDGE TERM LOAN FACILITY**

**CONDITIONS PRECEDENT TO FUNDING DATE**

*&nbsp;&nbsp;&nbsp;&nbsp;*

&nbsp;&nbsp;&nbsp;&nbsp;Capitalized terms not otherwise defined herein shall have the same meaning as specified with respect thereto in the Commitment Letter to which this <u>Exhibit B</u> is attached or <u>Exhibit A</u> thereto, as the context may require.

<br>&nbsp;&nbsp;&nbsp;&nbsp;The initial borrowing under the Bridge Facility will be subject only to the occurrence of the Effective Date and the following additional conditions precedent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)The Acquisition shall be consummated in all material respects in accordance with the Arrangement Agreement without giving effect to any amendments, modifications, supplements or waivers by you thereto or consents by you thereunder that are materially adverse to the Lenders or the Lead Arrangers in their respective capacities as such without the Lead Arrangers' written consent, it being agreed that (w) any decrease in the cash portion of the consideration less than or equal to 10% of the cash consideration, (x) any decrease in the cash portion of the consideration in excess of 10% of the cash consideration accompanied by a dollar-for-dollar reduction in commitments in respect of the Bridge Facility in excess of such 10% decrease and (y) any increase in the Acquisition Consideration, in each case are not materially adverse to the Lenders and Lead Arrangers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)The Lead Arrangers shall have received the (A) audited consolidated financial statements of the Borrower and its subsidiaries for the three (3) most recently-completed fiscal years ended at least sixty (60) days prior to the Funding Date, and (B) unaudited consolidated financial statements of the Borrower and its subsidiaries for any subsequent interim financial period (other than the fourth quarter of any fiscal year) ended at least forty (40) days prior to the Funding Date. The Lead Arrangers hereby acknowledge receipt of the financial statements referenced in the immediately foregoing clauses (A) and (B) for the fiscal years and interim financial periods ended on or prior to December 31, 2022. The Borrower's filing of any required audited financial statements on Form 10-K or required unaudited financial statements on Form 10-Q, in each case, will satisfy the requirements under clauses (A) or (B), as applicable, of this paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)The Administrative Agent shall have received customary opinions of counsel to the Borrower (which shall cover, among other things, authority and enforceability of the Loan Documentation) and customary corporate resolutions and closing certificates and corporate organizational documents and good standing certificates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)The Specified Credit Agreement Representations and the Specified Arrangement Agreement Representations (to the extent set forth in the definition thereof) shall be true and correct in all material respects as of the Funding Date; <u>provided</u> that any representation and warranty that is qualified as to "materiality," "Material Adverse Effect" or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)The Administrative Agent shall have received a customary request for credit extension; <u>provided</u> that no such request or borrowing notice shall include any representations or warranties

*[Project Rainbow – Signature Page to Commitment Letter]*

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(other than the Specified Credit Agreement Representations) or a statement as to the absence (or existence) of any default or event of default (other than any absence of an event of default under the Loan Documentation arising from the non-payment of any fees due and payable under the Loan Documentation or the bankruptcy of the Borrower).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)All fees payable pursuant to the Fee Letter on or prior to the Funding Date shall have been paid or shall be paid substantially simultaneously with the funding of the Bridge Facility, in each case, in accordance with the terms of the Fee Letter, and all other accrued fees and expenses of the Lead Arrangers, the Administrative Agent and the Lenders (including the fees and expenses of counsel (including any local counsel) for the Administrative Agent) payable on or prior to the Funding Date and for which invoices have been presented at least three (3) business days prior to the Funding Date shall have been paid or shall be paid substantially simultaneously with the funding of the Bridge Facility.

&nbsp;&nbsp;&nbsp;&nbsp;B-2

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