Document:

Amended and Restated Intercreditor Agreement

 Exhibit 4.5 

AMENDED AND RESTATED INTERCREDITOR AGREEMENT 

by and between 

BANK OF AMERICA, N.A. 

as ABL Agent 

and 
 BANK OF
AMERICA, N.A. 
 as Term Agent 

and 
 THE BANK OF
NEW YORK MELLON 
 as Notes Agent 

Dated as of August 24, 2010 

 TABLE OF CONTENTS 

 

					
	 	 	 	  	Page No.
	
	ARTICLE 1
	DEFINITIONS
			
	Section 1.1	 	 UCC Definitions
	  	3
	Section 1.2	 	 Other Definitions
	  	3
	Section 1.3	 	 Rules of Construction
	  	16
	
	ARTICLE 2
	LIEN PRIORITY
	Section 2.1	 	 Priority of Liens
	  	16
	Section 2.2	 	 Waiver of Right to Contest Liens
	  	17
	Section 2.3	 	 Remedies Standstill
	  	18
	Section 2.4	 	 Exercise of Rights
	  	19
	Section 2.5	 	 No New Liens
	  	20
	Section 2.6	 	 Waiver of Marshalling
	  	20
	Section 2.7	 	 Refinancings
	  	20
	
	ARTICLE 3
	ACTIONS OF THE PARTIES
			
	Section 3.1	 	 Certain Actions Permitted
	  	21
	Section 3.2	 	 Agent for Perfection
	  	21
	Section 3.3	 	 [Reserved]
	  	22
	Section 3.4	 	 Insurance
	  	22
	Section 3.5	 	 No Additional Rights for the Loan Parties Hereunder
	  	22
	Section 3.6	 	 Geoffrey Collateral
	  	22
	Section 3.7	 	 Access Rights
	  	23
	
	ARTICLE 4
	APPLICATION OF PROCEEDS
			
	Section 4.1	 	 Application of Proceeds
	  	24
	Section 4.2	 	 Specific Performance
	  	25
	
	ARTICLE 5
	INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS
			
	Section 5.1	 	 Notice of Acceptance and Other Waivers
	  	26
	Section 5.2	 	 Modifications to ABL Documents and Shared Collateral Documents
	  	27
	Section 5.3	 	 Reinstatement and Continuation of Agreement
	  	29
	Section 5.4	 	 Joinder of Authorized Representatives
	  	30

  

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	 	 	 	  	Page No.
	
	ARTICLE 6
	INSOLVENCY PROCEEDINGS
			
	Section 6.1	 	 DIP Financing
	  	30
	Section 6.2	 	 Relief from Stay
	  	30
	Section 6.3	 	 No Contest; Adequate Protection
	  	31
	Section 6.4	 	 Asset Sales
	  	31
	Section 6.5	 	 Separate Grants of Security and Separate Classification
	  	31
	Section 6.6	 	 Enforceability
	  	32
	Section 6.7	 	 ABL Obligations Unconditional
	  	32
	Section 6.8	 	 Shared Collateral Obligations Unconditional
	  	32
	
	ARTICLE 7
	MISCELLANEOUS
			
	Section 7.1	 	 Rights of Subrogation
	  	33
	Section 7.2	 	 Further Assurances
	  	33
	Section 7.3	 	 Representations
	  	33
	Section 7.4	 	 Amendments
	  	34
	Section 7.5	 	 Addresses for Notices
	  	34
	Section 7.6	 	 No Waiver, Remedies
	  	35
	Section 7.7	 	 Continuing Agreement, Transfer of Secured Obligations
	  	35
	Section 7.8	 	 Governing Law; Entire Agreement
	  	35
	Section 7.9	 	 Counterparts
	  	35
	Section 7.10	 	 No Third Party Beneficiaries
	  	35
	Section 7.11	 	 Headings
	  	36
	Section 7.12	 	 Severability
	  	36
	Section 7.13	 	 Attorneys Fees
	  	36
	Section 7.14	 	 VENUE; JURY TRIAL WAIVER
	  	36
	Section 7.15	 	 Intercreditor Agreement
	  	37
	Section 7.16	 	 No Warranties or Liability
	  	37
	Section 7.17	 	 Conflicts
	  	38
	Section 7.18	 	 Information Concerning Financial Condition of the Loan Parties
	  	38
	Section 7.19	 	 Amendment, Restatement, Extension, Renewal and Consolidation of Existing Intercreditor Agreement
	  	38
	Section 7.20	 	 Force Majeure
	  	38
	Section 7.21	 	 Authority of Notes Collateral Agent
	  	38

  

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 AMENDED AND RESTATED INTERCREDITOR AGREEMENT 

THIS AMENDED AND RESTATED INTERCREDITOR AGREEMENT (as amended, supplemented, restated or otherwise modified from time to time pursuant to
the terms hereof, this “Agreement”) is entered into as of August 24, 2010 between BANK OF AMERICA, N.A. (“Bank of America”), in its capacities as administrative agent and collateral agent (together with its
successors and assigns in such capacities, the “ABL Agent”) for the financial institutions party from time to time to the ABL Credit Agreement referred to below (such financial institutions, together with their successors, assigns
and transferees, the “ABL Credit Agreement Lenders” and, together with affiliates thereof and certain other specified hedging parties, in their capacity as ABL Cash Management Affiliates or ABL Hedging Affiliates (in each case, as
hereinafter defined), the “ABL Lenders”), BANK OF AMERICA, N.A. (as successor to Banc of America Bridge LLC) in its capacity as administrative agent (together with its successors and assigns in such capacity, the “Term
Agent”) for the financial institutions party from time to time to Term Credit Agreement (as defined herein) and THE BANK OF NEW YORK MELLON, in its capacity as trustee and collateral agent (together with its successors and assigns in such
capacity, the “Notes Agent”) for the financial institutions party from time to time to Notes Documents (as defined herein). 

RECITALS 
 A.
Pursuant to that certain Credit Agreement dated as of July 21, 2005 (as amended and restated as of June 24, 2009 and as further amended and restated as of August 10, 2010) by and among Toys “R” Us-Delaware, Inc. (the
“ABL Lead Borrower”), Toys “R” Us (Canada) Ltd. Toys “R” Us (Canada) Ltd. and certain other borrowers from time to time party thereto (collectively with the ABL Lead Borrower, the “ABL
Borrowers”), the ABL Credit Agreement Lenders and the ABL Agent (as such agreement has been amended to date, and may hereafter be amended, supplemented, restated or otherwise modified from time to time in accordance with this Agreement, the
“ABL Credit Agreement”), the ABL Credit Agreement Lenders made certain loans and other financial accommodations to or for the benefit of the ABL Borrowers on such date. 

B. Pursuant to a certain guaranty dated as of July 21, 2005 (the “ABL Guaranty”) by the ABL Guarantors (as
hereinafter defined) in favor of, among others, the ABL Agent, the ABL Guarantors guaranteed the payment and performance of the ABL Borrowers’ obligations under the ABL Documents (as hereinafter defined). 

C. As a condition to the effectiveness of the ABL Credit Agreement and to secure the obligations of the ABL Borrowers and the ABL
Guarantors (the ABL Borrowers, the ABL Guarantors and each other direct or indirect subsidiary or parent of the ABL Borrowers or any of their affiliates that was then or thereafter became a party to any ABL Document, collectively, the “ABL
Loan Parties”) under and in connection with the ABL Documents, the ABL Loan Parties granted to the ABL Agent (for the benefit of the ABL Lenders) Liens on the ABL Collateral. 

D. Pursuant to that certain Credit Agreement dated as of July 19, 2006 by and among, Toys “R” Us-Delaware, Inc. (the
“Term Borrower”), the Term Lenders and the Term Agent (as amended, the “Existing Term Credit Agreement”), the Term Lenders made certain loans to the Term Borrower on such date. 

 E. Pursuant to a certain guaranty dated as of July 19, 2006 (the “Term
Guaranty”) by the Term Guarantors (as hereinafter defined) in favor of the Term Agent, the Term Guarantors guaranteed the payment and performance of the Term Borrower’s obligations under the Term Documents (as hereinafter defined).

 F. As a condition to the effectiveness of the Existing Term Credit Agreement and to secure the obligations of the Term
Borrower and the Term Guarantors (the Term Borrower, the Term Guarantors and each other direct or indirect subsidiary or parent of the Term Borrower or any of its affiliates that was then or thereafter became a party to any Term Document,
collectively, the “Term Loan Parties”) under and in connection with the Term Documents as of such date, the Term Loan Parties granted to the Term Agent (for the benefit of the Term Lenders) Liens on the ABL Collateral and the
Geoffrey Collateral. 
 G. Concurrently with the execution and delivery of this Agreement, the Term Loan Parties and the Term
Lenders have agreed to amend and restate the Existing Term Credit Agreement in its entirety (as such agreement may be amended, supplemented, restated or otherwise modified from time to time in accordance with this Agreement, the “Term Credit
Agreement”) pursuant to which the Term Lenders have agreed to make certain loans and other financial accommodations to or for the benefit of the Term Borrower. 

H. Concurrently with the execution and delivery of this Agreement, the Notes Parties (as defined below) and the Notes
Agent, in its capacity as collateral agent for the Noteholders (as defined below), have entered into that certain Indenture dated as of the date hereof (as such agreement may be amended, supplemented, restated or otherwise modified from time to time
in accordance with this Agreement, the “Indenture”) providing for the issuance of 7  3/8
% Senior Secured Notes due 2016 (the “Notes”) by the Notes Issuer (as defined below) and the Notes Guarantees (as defined below) by the Notes Guarantors (as defined below).

 I. Each of the ABL Agent (on behalf of the ABL Lenders) and the Term Agent (on behalf of the Term Lenders) and, by
their acknowledgment hereof, the ABL Loan Parties and the Term Loan Parties, desire to amend and restate in its entirety the intercreditor agreement dated as of July 19, 2006 by and among the ABL Agent, the Term Agent, the Borrower and the
Guarantors (the “Existing Intercreditor Agreement”) and each of the ABL Agent (on behalf of the ABL Lenders) and each Shared Collateral Agent (on behalf of the applicable Shared Collateral Secured Parties) and, by their
acknowledgment hereof, the ABL Loan Parties and the Shared Collateral Secured Parties agree to the relative priority of Liens on the ABL Collateral and certain other rights, priorities and interests as provided herein. 

 

 -2- 

 NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE 1 

 DEFINITIONS 

Section 1.1 UCC Definitions. The following terms which are defined in the Uniform Commercial Code are used
herein as so defined: Accounts, Chattel Paper, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Financial Assets, Fixtures, Instruments, Inventory, Investment Property, Letter-of-Credit Rights, Money, Payment Intangibles, Records,
Security, Securities Accounts, Security Entitlements, Supporting Obligations and Tangible Chattel Paper. 
 Section 1.2
Other Definitions. Subject to Section 1.1 above, unless the context otherwise requires, all capitalized terms used but not defined herein shall have the meanings set forth in the ABL Credit Agreement, the Term Credit Agreement
and the Indenture, in each case as in effect on the date hereof. In addition, as used in this Agreement, the following terms shall have the meanings set forth below: 

“ABL Agent” shall have the meaning assigned to that term in the introduction to this Agreement and shall include any
successor thereto as well as any Person designated as the “Agent” or “Administrative Agent” under any ABL Credit Agreement. 

“ABL Borrowers” shall have the meaning assigned to that term in the recitals to this Agreement. 

“ABL Cash Management Affiliate” shall mean any ABL Credit Agreement Lender or any Affiliate of any ABL Credit Agreement
Lender that provides Cash Management Services (as defined in the ABL Credit Agreement) to an ABL Loan Party with the obligations of such ABL Loan Party thereunder being secured by one or more ABL Collateral Documents. 

“ABL Collateral” shall mean all assets or property of the ABL Loan Parties now owned or hereafter acquired, including
the following: 
 (1) all Accounts; 

(2) all Chattel Paper (including Tangible Chattel Paper and Electronic Chattel Paper); 

(3) (x) all Deposit Accounts and Money and all cash, checks, other negotiable instruments, funds and other evidences of
payments held therein, and (y) Securities Accounts, Security Entitlements and Securities, and, in each case, all cash, checks and other property held therein or credited thereto; 

(4) all Inventory; 

(5) all Documents, General Intangibles (including Payment Intangibles and Intellectual Property (but excluding any
Geoffrey Collateral)), Instruments and Commercial Tort Claims; 
  

 -3- 

 (6) all Supporting Obligations and Letter-of-Credit Rights; 

(7) all books, Records and information relating to the ABL Collateral (including all books, databases, customer lists,
engineer drawings and Records, whether tangible or electronic); 
 (8) all Equipment and Investment Property;

 (9) all Real Property located in Canada; and 

(10) all collateral security, liens, guarantees, rights, remedies and privileges with respect to any of the foregoing and
all cash, Money, policies and certificates of insurance, deposits or other property, insurance proceeds, refunds and premium rebates, including without limitation, proceeds of fire and casualty insurance, instruments, securities, financial assets
and deposit accounts received as proceeds of any of the foregoing (such proceeds, “ABL Proceeds”); 
 provided, that for the
avoidance of doubt, “ABL Collateral” shall exclude the Geoffrey Collateral. 
 “ABL Collateral
Documents” shall mean all “Security Documents” as defined in the ABL Credit Agreement, including the ABL Security Agreement and all other security agreements, mortgages, deeds of trust and other collateral documents executed and
delivered in connection with the ABL Credit Agreement, in each case as the same may be amended, supplemented, restated or otherwise modified from time to time. 

“ABL Credit Agreement” shall mean the ABL Credit Agreement and any other agreement extending the maturity of,
consolidating, restructuring, refunding, replacing or refinancing all or any portion of the ABL Obligations, whether by the same or any other agent, lender or group of lenders and whether or not increasing the amount of any Indebtedness that may be
incurred thereunder. 
 “ABL Credit Agreement Lenders” shall have the meaning assigned to that term in the
introduction to this Agreement. 
 “ABL Documents” shall mean the ABL Credit Agreement, the ABL Guaranty, the
ABL Collateral Documents, any agreements governing Cash Management Services between any ABL Loan Party and any ABL Cash Management Affiliate, any ABL Hedging Agreements between any ABL Loan Party and any ABL Hedging Affiliate, those other ancillary
agreements as to which the ABL Agent or any ABL Lender is a party or a beneficiary and all other agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of any ABL Loan Party or any of its respective
Subsidiaries or Affiliates, and delivered to the ABL Agent, in connection with any of the foregoing or any ABL Credit Agreement, in each case as the same may be amended, supplemented, restated or otherwise modified from time to time. 

 

 -4- 

 “ABL Guarantors” shall mean the collective reference to Geoffrey Holdings,
LLC, TRU Acquisition, LLC, TRU-SVC, LLC, TRU of Puerto Rico, Inc. and any other Person who becomes a guarantor under the ABL Guaranty. 

“ABL Guaranty” shall have the meaning assigned to that term in the recitals to this Agreement. 

“ABL Hedging Affiliate” shall mean any ABL Credit Agreement Lender or any Affiliate of any ABL Credit Agreement Lender
that has entered into an ABL Hedging Agreement with an ABL Loan Party with the obligations of such ABL Loan Party thereunder being secured by one or more ABL Collateral Documents by an ABL Loan Party. 

“ABL Hedging Agreement” shall mean any “Hedge Agreement” as defined in the ABL Credit Agreement. 

“ABL Lenders” shall have the meaning assigned to that term in the introduction to this Agreement and shall include all
ABL Cash Management Affiliates and ABL Hedging Affiliates and all successors, assigns, transferees and replacements thereof, as well as any Person designated as a “Lender” under any ABL Credit Agreement. 

“ABL Loan Parties” shall have the meaning assigned to that term in the recitals to this Agreement. 

“ABL Obligations” shall mean all obligations of every nature of each ABL Loan Party from time to time owed to the ABL
Agent, the ABL Lenders, or any of them, under any ABL Document, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to such ABL Loan Party, would have accrued on any ABL Obligation,
whether or not a claim is allowed against such ABL Loan Party for such interest in the related bankruptcy proceeding), reimbursement of amounts drawn under letters of credit, payments for early termination of ABL Hedging Agreements, fees, expenses,
indemnification or otherwise, and all other amounts owing or due under the terms of the ABL Documents, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time; provided that if the
aggregate principal amount of Revolving Credit Loans outstanding under the ABL Credit Agreement plus the aggregate Letter of Credit Outstandings under the ABL Credit Agreement exceeds the greater of (x) $2.5 billion in the aggregate and
(y) the Tranche A-1 Borrowing Base (the “Cap Amount”) (provided that when calculating the amount of the Tranche A-1 Borrowing Base for the purpose of the Cap Amount, the effect of any amendment, supplement or modification which
expands or otherwise increases the scope of the assets that comprise the underlying borrowing base under the ABL Credit Agreement to include assets other than current assets (e.g. real property (other than real property of any ABL Loan Party located
in Canada)) shall be excluded from such calculation), then only (1) that portion of Revolving Credit Loans and Letter of Credit Outstandings equal to the Cap Amount plus (2) interest on the Cap Amount, reimbursement obligations for Letter
of Credit Outstandings included in the Cap Amount, payments for early termination of ABL Hedging Agreements, agreements governing Cash Management Services, fees, expenses, indemnification or other charges shall be included in the ABL Obligations for
purposes of this Agreement until the Discharge of Term Obligations. 
  

 -5- 

 “ABL Recovery” shall have the meaning set forth in Section 5.3(a).

 “ABL Secured Parties” shall mean “Secured Parties” as defined in the ABL Credit Agreement.

 “ABL Security Agreement” shall mean the “Security Agreement” as defined in the ABL Credit
Agreement. 
 “Access Period” means for each parcel of Real Property, the period, after the
commencement of an Enforcement Period, which begins on the day that the ABL Agent provides the Shared Collateral Agents with an Enforcement Notice pursuant to Section 3.7(a) below and ends on the earliest of (i) the
120th day after the ABL Agent obtains the ability to take
physical possession of, remove, or otherwise control physical access to, or actually uses, the ABL Collateral located on such Real Estate following the Enforcement Period plus such number of days, if any, after the ABL Agent obtains such access to
such ABL Collateral that it is stayed or otherwise prohibited by law or court order from exercising remedies with respect to ABL Collateral located on such Real Property, (ii) the date on which all or substantially all of the ABL Collateral
located on such Real Estate is sold, collected or liquidated, or (iii) the date on which the Discharge of ABL Obligations occurs; provided that in no event shall the Access Period extend later than 210 days following the date of delivery
of an Enforcement Notice to the ABL Agent by the Authorized Shared Collateral Agent plus such number of days, if any, after the ABL Agent obtains such access to such ABL Collateral that it is stayed or otherwise prohibited by law or court order from
exercising remedies with respect to ABL Collateral located on such Real Estate. 
 “Additional Pari Passu
Agent” shall mean each duly authorized representative of any holders of Additional Pari Passu Obligations which agent has executed a joinder agreement to this Agreement substantially in the form of Exhibit A (appropriately completed) and
which is a party to the Additional Pari Passu Documents. Upon the execution of such joinder agreement, the Additional Pari Passu shall succeed to all rights, benefits and obligations of the Additional Pari Passu Agent hereunder. 

“Additional Pari Passu Agreement” shall mean the agreements, documents, joinders and instruments providing for or
evidencing Additional Pari Passu Obligations and which are identified in a joinder agreement to this Agreement substantially in the form of Exhibit A executed by the relevant Additional Pari Passu Agent, whether by the same or any other agent,
lender or group of lenders and whether or not increasing the amount of any Indebtedness that may be incurred thereunder as permitted by the Term Documents and Notes Documents. 

“Additional Pari Passu Security Agreement” shall mean the security agreement governing any Additional Pari Passu
Obligations. 
 “Additional Pari Passu Collateral Documents” shall mean all “Security Documents” as
defined in the Additional Pari Passu Agreement, including the Additional Pari Passu Security Agreement and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with any
Additional Pari Passu Agreement, in each case as the same may be amended, supplemented, restated or otherwise modified from time to time. 
  

 -6- 

 “Additional Pari Passu Documents” shall mean the Additional Pari Passu
Agreement, the Additional Pari Passu Guarantees, the Additional Pari Passu Collateral Documents and all other agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of any Loan Party or any of its respective
Subsidiaries or Affiliates, and delivered to the Additional Pari Passu Agent, in connection with any of the foregoing or any Additional Pari Passu Credit Agreement, in each case as the same may be amended, supplemented, restated or otherwise
modified from time to time. 
 “Additional Pari Passu Guarantees” shall mean the agreements of the Additional
Pari Passu Guarantors to guarantee the payment and performance of obligations of any issuer or borrower pursuant to any Additional Pari Passu Agreement under the Additional Pari Passu Documents. 

“Additional Pari Passu Guarantors” shall mean any Person who becomes a guarantor under any Additional Pari Passu
Document. 
 “Additional Pari Passu Obligations” shall mean, to the extent permitted to be incurred by the
terms of the Term Credit Agreement and the Indenture, all obligations of every nature of each Notes Party from time to time owed to the Additional Pari Passu Agent, the Additional Pari Passu Secured Parties or any of them, under any Additional Pari
Passu Document, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to such Additional Pari Passu Secured Party, would have accrued on any Additional Pari Passu Obligation, whether
or not a claim is allowed against such Notes Party for such interest in the related bankruptcy proceeding), payments of fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the Additional Pari Passu
Documents, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time. 

“Additional Pari Passu Secured Parties” shall mean the “Secured Parties” (or similar term) as defined in the
Additional Pari Passu Agreement. 
 “Affiliate” shall mean, with respect to a specified Person, any other
Person that directly or indirectly through one or more intermediaries Controls, is Controlled by or is under common Control with the Person specified. 

“Agent(s)” means individually the ABL Agent and each Shared Collateral Agent and collectively means the ABL Agent and
the Shared Collateral Agents. 
 “Agreement” shall have the meaning assigned to that term in the introduction
to this Agreement. 
 “Authorized Representative” shall have the meaning set forth in Section 2.7.

 “Authorized Shared Collateral Agent” has the meaning assigned to the term “Authorized Collateral
Agent” in the Shared Collateral Intercreditor Agreement. 
  

 -7- 

 “Bank of America” shall have the meaning assigned to that term in the
introduction to this Agreement. 
 “Bankruptcy Code” shall mean Title 11 of the United States Code. 

“Borrower” shall mean the ABL Borrowers, the Term Borrower or the Notes Issuer. 

“Capital Stock” shall mean, as to any Person that is a corporation, the authorized shares of such Person’s capital
stock, including all classes of common, preferred, voting and nonvoting capital stock, and, as to any Person that is not a corporation or an individual, the membership or other ownership interests in such Person, including the right to share in
profits and losses, the right to receive distributions of cash and other property, and the right to receive allocations of items of income, gain, loss, deduction and credit and similar items from such Person, whether or not such interests include
voting or similar rights entitling the holder thereof to exercise Control over such Person, collectively with, in any such case, all warrants, options and other rights to purchase or otherwise acquire, and all other instruments convertible into or
exchangeable for, any of the foregoing. 
 “Cash Management Services” shall have the meaning provided in the
ABL Credit Agreement as in effect on the date hereof. 
 “Control” shall mean the possession, directly or
indirectly, of the power (a) to vote 50% or more of the securities having ordinary voting power for the election of directors (or any similar governing body) of a Person, or (b) to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. The terms “Controlling” and “Controlled” have meanings correlative thereto. 

“Control Collateral” shall mean any Collateral consisting of any Certificated Security (as defined in Section 8-102
of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor. 

“Credit Documents” shall mean the ABL Documents, the Term Documents, the Notes Documents and the Additional Pari Passu
Documents (if any). 
 “Debtor Relief Laws” shall mean the Bankruptcy Code and all other liquidation,
conservatorship, bankruptcy, assignment for benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect
affecting the rights of creditors generally. 
 “DIP Financing” shall have the meaning set forth in
Section 6.1(a). 
 “Discharge of ABL Obligations” shall mean (a) the payment in full in cash of all
outstanding ABL Obligations excluding contingent indemnity obligations with respect to then unasserted claims but including, with respect to amounts available to be drawn under outstanding letters of credit issued thereunder (or indemnities or other
undertakings issued pursuant thereto in respect of outstanding letters of credit), the cancellation of such letters of credit or the delivery or 

 

 -8- 

 
provision of money or backstop letters of credit in respect thereof in compliance with the terms of any ABL Credit Agreement (which shall not exceed an amount equal to 105% of the aggregate
undrawn amount of such letters of credit) and (b) the termination of all commitments to extend credit under the ABL Documents. 

“Discharge of Additional Pari Passu Obligations” shall mean the payment in full in cash of all outstanding Additional
Pari Passu Obligations (other than contingent indemnity obligations with respect to then unasserted claims). 

“Discharge of Term Obligations” shall mean the payment in full in cash of all outstanding Term Obligations (other than
contingent indemnity obligations with respect to then unasserted claims). 
 “Discharge of Notes Obligations”
shall mean the payment in full in cash of all outstanding Notes Obligations (other than contingent indemnity obligations with respect to then unasserted claims). 

“Discharge of Shared Collateral Obligations” shall mean, collectively, the Discharge of Term Obligations, Discharge of
Notes Obligations and Discharge of Additional Pari Passu Obligations (if any). 
 “Enforcement Notice” shall
mean a written notice delivered by the ABL Agent to the Shared Collateral Agents or from the Authorized Shared Collateral Agent to the ABL Agent, in either case, announcing that an Enforcement Period has commenced. 

“Enforcement Period” shall mean the period of time following the receipt by either the ABL Agent or the Authorized
Shared Collateral Agent of an Enforcement Notice from the other and continuing until the earliest of (a) in the case of an Enforcement Period commenced by the Authorized Shared Collateral Agent, the Discharge of Shared Collateral Obligations,
(b) in the case of an Enforcement Period commenced by the ABL Agent, the Discharge of ABL Obligations, or (c) the date upon which the ABL Agent or the Authorized Shared Collateral Agent, terminate, or agree in writing to terminate, the
Enforcement Period. 
 “Event of Default” shall mean an Event of Default under any ABL Credit Agreement, any
Term Credit Agreement, any Indenture or any Additional Pari Passu Agreement (if any). 
 “Exercise Any Secured Creditor
Remedies” or “Exercise of Secured Creditor Remedies” shall mean, except as otherwise provided in the final sentence of this definition: 

(a) the taking by any Secured Party of any action to enforce or realize upon any Lien on ABL Collateral, including the
institution of any foreclosure proceedings or the noticing of any public or private sale pursuant to Article 9 of the Uniform Commercial Code; 

(b) the exercise by any Secured Party of any right or remedy provided to a secured creditor on account of a Lien on ABL
Collateral under any of the Credit Documents, under applicable law, in an Insolvency Proceeding or otherwise, including the election to retain any of the ABL Collateral in satisfaction of a Lien; 

 

 -9- 

 (c) the taking of any action by any Secured Party or the exercise of any
right or remedy by any Secured Party in respect of the collection on, set off against, marshaling of, injunction respecting or foreclosure on the ABL Collateral or the Proceeds thereof; 

(d) the appointment of, or the application of a Secured Party for, a receiver, receiver and manager or interim receiver of
all or part of the ABL Collateral; 
 (e) the sale, lease, license, or other disposition of all or any portion of
the ABL Collateral by private or public sale conducted by a Secured Party or any other means at the direction of a Secured Party permissible under applicable law; 

(f) the exercise of any other right of a secured creditor under Part 6 of Article 9 of the Uniform Commercial Code; or

 (g) the exercise by a Secured Party of any voting rights relating to any Capital Stock included in the ABL
Collateral. 
 For the avoidance of doubt, none of the following shall be deemed to constitute an Exercise of Secured Creditor Remedies:
(i) the filing a proof of claim in bankruptcy court or seeking adequate protection, (ii) the exercise of rights by the ABL Agent upon the occurrence of a Cash Dominion Event (as defined in the ABL Credit Agreement), including, without
limitation, the notification of account debtors, depository institutions or any other Person to deliver proceeds of ABL Collateral to the ABL Agent (unless and until the ABL Lenders cease making Credit Extensions to the ABL Borrowers, in which event
an Exercise of Secured Creditor Remedies shall be deemed to have occurred), (iii) the consent by a Secured Party to a sale or other disposition by any Loan Party of any of its assets or properties, (iv) the acceleration of all or a portion
of the ABL Obligations or the Shared Collateral Obligations, (v) the reduction of advance rates or sub-limits by the ABL Agent and the ABL Lenders, or (vi) the imposition of reserves by the ABL Agent. 

“Existing Intercreditor Agreement” shall have the meaning assigned to that term in the recitals to this Agreement.

 “Foreign Subsidiary” shall have the meaning provided in the ABL Credit Agreement and the Term Credit
Agreement as in effect on the date hereof. 
 “General Intangibles” shall have the meaning provided in the ABL
Security Agreement and the Term Security Agreement as in effect on the date hereof. 
 “Geoffrey Collateral”
means those certain assets and property of Geoffrey, LLC described in the Shared Collateral Security Agreements as in effect on the date hereof. 
  

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 “Governmental Authority” shall mean any nation or government, any state or
other political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Guarantor” shall mean any of the ABL Guarantors, Term Guarantors or Notes Guarantors. 

“Indebtedness” shall have the meaning provided in the ABL Credit Agreement, the Term Credit Agreement and Indenture as
in effect on the date hereof. 
 “Indenture” shall have the meaning assigned to that term in the recitals to
this Agreement. 
 “Insolvency Proceeding” shall mean (a) any case, action or proceeding before any court
or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors, composition, marshalling of
assets for creditors or other similar arrangement in respect of its creditors generally or any substantial portion of its creditors; in each case covered by clauses (a) and (b) undertaken under United States Federal, State or foreign law,
including the Bankruptcy Code. 
 “Intellectual Property Rights Agreement” shall mean the “Intellectual
Property Rights Agreement” as defined in the ABL Credit Agreement as in effect on the date hereof. 

“Lender(s)” means individually the ABL Lenders or the Term Lenders and collectively means all of the ABL Lenders and the
Term Lenders. 
 “Lien” shall have the meaning provided in the ABL Credit Agreement, the Term Credit Agreement
and the Indenture as in effect on the date hereof. 
 “Lien Priority” shall mean with respect to any Lien of
the ABL Agent, the ABL Lenders, the Shared Collateral Agents or the Shared Collateral Secured Parties in the ABL Collateral, the order of priority of such Lien as specified in Section 2.1. 

“Loan Parties” shall mean the ABL Loan Parties and the Shared Collateral Secured Parties. 

“Noteholder” means any Person in whose name a Note is registered. 

“Notes” shall have the meaning assigned to that term in the recitals to this Agreement. 

“Notes Agent” shall have the meaning assigned to that term in the introduction to this Agreement. 

“Notes Collateral Documents” shall mean all “Security Documents” as defined in the Indenture, including the
Notes Security Agreement and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with any Indenture, in each case as the same may be amended, supplemented, restated or
otherwise modified from time to time. 
  

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 “Notes Documents” shall mean the Indenture, the Notes, the Notes
Guarantees, the Notes Collateral Documents, those other ancillary agreements as to which the Notes Agent or any Noteholder is a party or a beneficiary and all other agreements, instruments, documents and certificates, now or hereafter executed by or
on behalf of any Noteholder or any of its respective Subsidiaries or Affiliates, and delivered to the Notes Agent in connection with any of the foregoing or the Indenture, in each case as the same may be amended, supplemented, restated or otherwise
modified from time to time. 
 “Notes Guarantors” shall mean the collective reference to Geoffrey Holdings,
LLC, Toys Acquisition, LLC, TRU of Puerto Rico, Inc., TRU-SVC, LLC, Geoffrey, LLC, Geoffrey International, LLC and any other Person who becomes a guarantor under the Indenture. 

“Notes Guarantee” shall mean the agreements of the Notes Guarantors to guarantee the payment and performance of the
Notes Issuer’s obligations under the Notes Documents. 
 “Notes Issuer” shall mean Toys “R”
Us-Delaware, Inc. 
 “Notes Parties” shall mean, collectively, the Notes Issuer, Notes Guarantors and each
other direct or indirect subsidiary or parent of the Notes Issuer or any of its affiliates that is now or hereafter becomes a party to any Notes Document. 

“Notes Obligations” shall mean all obligations of every nature of each Notes Party from time to time owed to the Notes
Agent, the Noteholders or any of them, under any Notes Document, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to such Noteholder, would have accrued on any Notes Obligation,
whether or not a claim is allowed against such Notes Party for such interest in the related bankruptcy proceeding), payments of fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the Notes Documents,
as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time. 

“Notes Secured Parties” shall mean the “Secured Parties” as defined in the Notes Security Agreement.

 “Notes Security Agreement” shall mean the “Security Agreement” as defined in the Indenture.

 “Party” shall mean the ABL Agent, the Term Agent, the Notes Agent or the Additional Pari Passu Agent (if
any) and “Parties” shall mean the ABL Agent, the Term Agent, the Notes Agent and the Additional Pari Passu Agent (if any). 

“Person” shall mean an individual, partnership, corporation, limited liability company, business trust, joint stock
company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 
  

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 “Proceeds” shall mean (a) all “proceeds,” as defined in
Article 9 of the Uniform Commercial Code, with respect to the ABL Collateral, and (b) whatever is recoverable or recovered when any ABL Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or involuntarily. 

“Property” shall mean any interest in any kind of property or asset, whether real, personal or mixed, or tangible or
intangible. 
 “Real Property” shall mean any right, title or interest in and to real property, including any
fee interest, leasehold interest, easement, or license and any other right to use or occupy real property. 
 “Secured
Parties” shall mean the ABL Secured Parties, the Term Secured Parties ,the Noteholders and the Additional Pari Passu Secured Parties (if any). 

“Shared Collateral Agents” means the Notes Agent, the Term Agent and the Additional Pari Passu Agent (if any).

 “Shared Collateral Documents” means, collectively, the Term Documents, the Notes Documents and the
Additional Pari Passu Documents (if any). 
 “Shared Collateral Enforcement Date” means the date which is 180
days after the occurrence of (i) an Event of Default (under and as defined in either the Term Credit Agreement, the Indenture or any Additional Pari Passu Agreement) and (ii) the ABL Agent’s receipt of an Enforcement Notice from the
applicable Authorized Shared Collateral Agent, provided that the Shared Collateral Enforcement Date shall be stayed and shall not occur (or be deemed to have occurred) (A) at any time the ABL Agent or the ABL Secured Parties have commenced and
are diligently pursuing enforcement action against the ABL Collateral, (B) at any time that any Loan Party is then a debtor under or with respect to (or otherwise subject to) any Insolvency Proceeding, or (C) if the Event of Default under
the applicable Shared Collateral Agreement is waived in accordance with the terms of such Shared Collateral Agreement. 

“Shared Collateral Intercreditor Agreement” means that certain first lien intercreditor agreement dated as of the date
hereof among the Notes Agent, the Term Agent, the Additional Pari Passu Agent (if any), the Borrower and the Guarantors. 

“Shared Collateral Loan Parties” shall mean, collectively, the Notes Parties and the Term Loan Parties. 

“Shared Collateral Obligations” means, collectively, the Term Loan Obligations, the Notes Obligations and the Additional
Pari Passu Obligations (if any). 
 “Shared Collateral Recovery” shall have the meaning set forth in
Section 5.3(b). 
 “Shared Collateral Secured Parties” shall mean, collectively, the Term Secured Parties,
the Notes Secured Parties and the Additional Pari Passu Secured Parties. 
  

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 “Shared Collateral Security Agreements” means, collectively, the Notes
Security Agreement, Term Security Agreement and Additional Pari Passu Security Agreement (if any). 

“Subsidiary” shall mean with respect to any Person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity (a) of which Capital Stock representing more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such
date, owned, Controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“Term Agent” shall have the meaning assigned to that term in the introduction to this Agreement. 

“Term Borrower” shall have the meaning assigned to that term in the introduction to this Agreement. 

“Term Collateral Documents” shall mean all “Security Documents” as defined in the Term Credit Agreement,
including the Term Security Agreement and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with any Term Credit Agreement, in each case as the same may be amended,
supplemented, restated or otherwise modified from time to time. 
 “Term Credit Agreement” shall mean the Term
Credit Agreement and any other agreement extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, lender or group of lenders and
whether or not increasing the amount of any Indebtedness that may be incurred thereunder. 
 “Term Documents”
shall mean the Term Credit Agreement, the Term Guaranties, the Term Collateral Documents, any Term Hedging Agreements between any Term Loan Party and any Term Hedging Affiliate, those other ancillary agreements as to which the Term Agent or any Term
Lender is a party or a beneficiary and all other agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of any Term Loan Party or any of its respective Subsidiaries or Affiliates, and delivered to the Term
Agent, in connection with any of the foregoing or any Term Credit Agreement, in each case as the same may be amended, supplemented, restated or otherwise modified from time to time. 

“Term Guarantors” shall mean the collective reference to Geoffrey Holdings, LLC, Toys Acquisition, LLC, TRU of Puerto
Rico, Inc., TRU-SVC, LLC, Geoffrey, LLC, Geoffrey International, LLC and any other Person who becomes a guarantor under the Term Guaranty. 

“Term Guaranty” shall have the meaning assigned to that term in the recitals to this Agreement. 

“Term Hedging Affiliate” shall mean any Term Lender or any Affiliate of any Term Lender that has entered into an Term
Hedging Agreement with a Term Loan Party with the obligations of such Term Loan Party thereunder being secured by one or more Term Collateral Documents by an Term Loan Party. 

 

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 “Term Hedging Agreement” shall mean any “Hedging Agreement” as
defined in the Term Credit Agreement. 
 “Term Lenders” shall have the meaning assigned to the term
“Lenders” (or any similar term) in any Term Credit Agreement. 
 “Term Loan Parties” shall have the
meaning assigned to that term in the recitals to this Agreement. 
 “Term Obligations” shall mean all
obligations of every nature of each Term Loan Party from time to time owed to the Term Agent, the Term Lenders or any of them, under any Term Document, whether for principal, interest (including interest which, but for the filing of a petition in
bankruptcy with respect to such Term Loan Party, would have accrued on any Term Obligation, whether or not a claim is allowed against such Term Loan Party for such interest in the related bankruptcy proceeding), payments for early termination of
Term Hedging Agreements, fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the Term Documents, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time
to time. 
 “Term Secured Parties” shall mean the “Secured Parties” as defined in the Term Credit
Agreement. 
 “Term Security Agreement” shall mean the “Security Agreement” as defined in the Term
Credit Agreement. 
 “Tranche A Borrowing Base” shall mean the “Tranche A Borrowing Base” as defined
in the ABL Credit Agreement. 
 “Tranche A-1 Borrowing Base” shall mean the “Tranche A-1 Borrowing
Base” as defined in the ABL Credit Agreement. 
 “Uniform Commercial Code” shall mean the Uniform
Commercial Code as the same may, from time to time, be in effect in the State of New York; provided that to the extent that the Uniform Commercial Code is used to define any term in any security document and such term is defined differently
in differing Articles of the Uniform Commercial Code, the definition of such term contained in Article 9 shall govern; provided, further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment,
perfection, publication or priority of, or remedies with respect to, Liens of any Party is governed by the Uniform Commercial Code or foreign personal property security laws as enacted and in effect in a jurisdiction other than the State of New
York, the term “Uniform Commercial Code” will mean the Uniform Commercial Code or such foreign personal property security laws as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to
such attachment, perfection, priority or remedies and for purposes of definitions related to such provisions. 
  

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 “Use Period” means the period, after the commencement
of an Enforcement Period, which begins on the day that the ABL Agent provides the Term Agent with an Enforcement Notice and ends on the
210th day thereafter, plus such number of days, if any,
during which any stay or other order that prohibits any of the ABL Agent or the other ABL Secured Parties (with the consent of the ABL Agent) from commencing and continuing to Exercise Any Secured Creditor Remedies or to liquidate and sell the ABL
Collateral has been entered by a court of competent jurisdiction. 
 Section 1.3 Rules of
Construction. Unless the context of this Agreement clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the term “including” is not limiting and shall be
deemed to be followed by the phrase “without limitation,” and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,”
“herein,” “hereby,” “hereunder,” and similar terms in this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement. Article, section, subsection, clause, schedule and exhibit
references herein are to this Agreement unless otherwise specified. Any reference in this Agreement to any agreement, instrument, or document shall include all alterations, amendments, changes, restatements, extensions, modifications, renewals,
replacements, substitutions, joinders, and supplements thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, restatements, extensions, modifications, renewals, replacements, substitutions,
joinders, and supplements set forth herein). Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any reference herein to the repayment in full of an obligation shall mean the payment in full in
cash of such obligation, or in such other manner as may be approved in writing by the requisite holders or representatives in respect of such obligation, or in such other manner as may be approved by the requisite holders or representatives in
respect of such obligation. 
 ARTICLE 2  

LIEN PRIORITY 

Section 2.1 Priority of Liens. 

(a) Subject to the proviso in subclause (b) of Section 4.1, notwithstanding (i) the date, time, method, manner, or order
of grant, attachment, or perfection of any Liens granted to the ABL Agent or the ABL Lenders in respect of all or any portion of the ABL Collateral or of any Liens granted to the Shared Collateral Agents or the Shared Collateral Secured Parties in
respect of all or any portion of the ABL Collateral and regardless of how any such Lien was acquired (whether by grant, statute, operation of law, subrogation or otherwise), (ii) the order or time of filing or recordation of any document or
instrument for perfecting the Liens in favor of the ABL Agent or the Shared Collateral Agents (or ABL Lenders or the Shared Collateral Secured Parties) in any ABL Collateral, (iii) any provision of the Uniform Commercial Code, the Bankruptcy
Code or any other applicable law, or of the ABL Documents or the Shared Collateral Documents, or (iv) whether the ABL Agent or the Shared Collateral Agents, in each case, either directly or through agents, hold possession of, or have control
over, all or any part of the ABL Collateral, the ABL Agent, on behalf of itself and the ABL Lenders, and the Shared Collateral Agent, on behalf of the applicable Shared Collateral Secured Parties, hereby agrees that prior to the Discharge of ABL
Obligations: 
 (1) any Lien in respect of all or any portion of the ABL Collateral now or hereafter held by or
on behalf of the Shared Collateral Agents or any Shared Collateral Secured Party that secures all or any portion of the Shared Collateral Obligations shall in all respects be junior and subordinate to all Liens granted to the ABL Agent and the ABL
Lenders on the ABL Collateral; and 
  

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 (2) any Lien in respect of all or any portion of the ABL Collateral now or
hereafter held by or on behalf of the ABL Agent or any ABL Lender that secures all or any portion of the ABL Obligations shall in all respects be senior and prior to all Liens granted to the Shared Collateral Agents or any Shared Collateral Secured
Party on the ABL Collateral. 
 (b) The ABL Agent, for and on behalf of itself and the ABL Secured Parties, acknowledges and
agrees that, (i) the Shared Collateral Agents, for the benefit of the Shared Collateral Secured Parties, have been granted Liens upon all of the ABL Collateral in which the ABL Agent has been granted Liens and the ABL Agent hereby consents
thereto and (ii) the Shared Collateral Agents, for and behalf of themselves and the Shared Collateral Secured Parties, have been granted Liens in the Geoffrey Collateral and neither the ABL Agent nor the ABL Secured Parties shall have a Lien on
or a security interest in the Geoffrey Collateral. The subordination of Liens by the Shared Collateral Agents in favor of the ABL Agent as set forth herein shall not be deemed to subordinate the Shared Collateral Agents’ respective Liens on the
ABL Collateral to the Liens of any other Person. 
 Section 2.2 Waiver of Right to Contest Liens. Each
of ABL Agent, on behalf of the ABL Secured Parties and the Shared Collateral Agents, on behalf of the Shared Collateral Secured Parties, agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or
assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the ABL Agent
and the ABL Secured Parties in respect of the ABL Collateral or Liens of the Shared Collateral Agents and the Shared Collateral Secured Parties in respect of the ABL Collateral or the provisions of this Agreement. Except to the extent expressly set
forth in this Agreement, the Shared Collateral Agents, on behalf of the Shared Collateral Secured Parties, agrees that none of the Shared Collateral Agents or the Shared Collateral Secured Parties will take any action that would interfere with any
Exercise of Secured Creditor Remedies undertaken by the ABL Agent or any ABL Secured Party under the ABL Documents with respect to the ABL Collateral. Except to the extent expressly set forth in this Agreement, the Shared Collateral Agents, on
behalf of the Shared Collateral Secured Parties, hereby waive any and all rights they or the Shared Collateral Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the
ABL Agent or any ABL Secured Party seeks to enforce its Liens in any ABL Collateral. The foregoing shall not be construed to prohibit the Shared Collateral Agents from enforcing the provisions of this Agreement as to the relative priority of the
parties hereto. In addition, for the avoidance of doubt, the ABL Agent, on behalf of the ABL Secured 
  

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Parties, further agrees that it has no Liens on any of the Geoffrey Collateral and as such, it shall not (and hereby waives any right to) take any action to contest or challenge (or assist or
support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including any Insolvency Proceeding), the validity, priority, enforceability, or perfection of the Liens of the Shared Collateral
Agents and the Shared Collateral Secured Parties in respect of the Geoffrey Collateral. 
 Section 2.3 Remedies
Standstill. 
 (a) The Shared Collateral Agents, on behalf of the Shared Collateral Secured Parties, agree that, from
the date hereof until the earlier of (i) the Shared Collateral Enforcement Date, or (ii) the date upon which the Discharge of ABL Obligations shall have occurred, neither the Shared Collateral Agents nor any Shared Collateral Secured Party
will Exercise Any Secured Creditor Remedies with respect to any of the ABL Collateral without the written consent of the ABL Agent and the Required Lenders (as defined in the ABL Credit Agreement), and will not take, receive or accept any Proceeds
of the ABL Collateral. From and after the earlier of (i) the Shared Collateral Enforcement Date or (ii) the date upon which the Discharge of ABL Obligations shall have occurred, the Shared Collateral Agents or any Shared Collateral Secured
Party may Exercise Any Secured Creditor Remedies under the Shared Collateral Documents or applicable law as to any ABL Collateral; provided, however, that any Exercise of Secured Creditor Remedies with respect to any ABL Collateral by
the Shared Collateral Agents is at all times subject to the provisions of this Agreement, including Section 4.1 hereof. 

(b) Notwithstanding the provisions of Sections 2.3(a) or any other provision of this Agreement, prior to the Discharge of ABL
Obligations, nothing contained herein shall be construed to prevent (i) the Shared Collateral Agents or any Shared Collateral Secured Party from filing a claim or statement of interest with respect to the Shared Collateral Obligations owed to
it in any Insolvency Proceeding commenced by or against any Loan Party, (ii) take any action (not adverse to the priority status of the Liens of the ABL Agent or ABL Secured Parties on the ABL Collateral in which the ABL Agent or ABL Secured
Parties have a priority Lien or the rights of the ABL Agent or any of the ABL Secured Parties to exercise remedies in respect thereof) in order to create, perfect, preserve or protect (but not enforce) its Lien on any ABL Collateral, (iii) file
any necessary or responsive pleadings in opposition to any motion, adversary proceeding or other pleading filed by any Person objecting to or otherwise seeking disallowance of the claim or Lien of the Shared Collateral Agents or Shared Collateral
Secured Parties, (iv) file any pleadings, objections, motions, or agreements which assert rights available to unsecured creditors of the Loan Parties arising under any Insolvency Proceeding or applicable non-bankruptcy law, (v) vote on any
plan of reorganization or file any proof of claim in any Insolvency Proceeding of any Loan Party, or (vi) object to the proposed retention of ABL Collateral by the ABL Agent or any ABL Secured Party in full or partial satisfaction of any ABL
Obligations due to the ABL Agent or ABL Secured Parties, in each case (i) through (iv) and (vi) above to the extent not inconsistent with, or could not result in a resolution inconsistent with, the terms of this Agreement.
Notwithstanding foregoing, nothing in this Agreement shall prevent the Authorized Shared Collateral Agent, on behalf of the Shared Collateral Secured Parties, from the Exercise of Secured Creditor Remedies with respect to the Geoffrey Collateral,
other than the provisions set forth in Section 3.6. 
  

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 Section 2.4 Exercise of Rights. 

(a) No Other Restrictions. Except as expressly set forth in this Agreement, each of the Shared Collateral Agents, each Shared
Collateral Secured Party, the ABL Agent and each ABL Secured Party shall have any and all rights and remedies it may have as a creditor under applicable law, including the right to the Exercise of Secured Creditor Remedies; provided,
however, that the Exercise of Secured Creditor Remedies with respect to the ABL Collateral shall be subject to the Lien Priority and to the provisions of this Agreement, including Sections 2.3 and 4.1 hereof. The ABL Agent may enforce the
provisions of the ABL Documents, the Shared Collateral Agents may enforce the provisions of the Shared Collateral Documents and each may Exercise Any Secured Creditor Remedies, all in such order and in such manner as each may determine in the
exercise of its sole discretion, consistent with the terms of this Agreement and mandatory provisions of applicable law; provided, however, that prior to the Discharge of ABL Obligations, the ABL Agent, and in the event of a Shared
Collateral Enforcement Date, the Shared Collateral Agents, agree to provide to the other (x) an Enforcement Notice prior to the commencement of an Exercise Any Secured Creditor Remedies and (y) copies of any notices that it is required
under applicable law to deliver to any Loan Party; provided, further, however, that the ABL Agent’s failure to provide any such copies to the Shared Collateral Agents (but not the Enforcement Notice) shall not impair any of
the ABL Agent’s rights hereunder or under any of the ABL Documents and the Shared Collateral Agents’ failure to provide any such copies to the ABL Agent (but not the Enforcement Notice) shall not impair any of the Shared Collateral
Agents’ rights hereunder or under any of the Shared Collateral Documents. Each of the Shared Collateral Agents, each Shared Collateral Secured Party, the ABL Agent and each ABL Secured Party agrees (i) that it will not institute any suit
or other proceeding or assert in any suit, Insolvency Proceeding or other proceeding, or any other claim, in the case of the Shared Collateral Agents and each Shared Collateral Secured Party, against either the ABL Agent or any other ABL Secured
Party, and in the case of the ABL Agent and each other ABL Secured Party, against either the Shared Collateral Agents or any other Shared Collateral Secured Party, seeking damages from or other relief by way of specific performance, instructions or
otherwise, with respect to, any action taken or omitted to be taken by such Person with respect to the ABL Collateral which is consistent with the terms of this Agreement, and none of such Parties shall be liable for any such action taken or omitted
to be taken, or (ii) it will not be a petitioning creditor or otherwise assist in the filing of an involuntary Insolvency Proceeding. 

(b) Release of Liens. In the event of any private or public sale of all or any portion of the ABL Collateral (other than in
connection with a refinancing as described in Section 5.2(d)) permitted by the ABL Documents or consented to by the requisite ABL Lenders, the Shared Collateral Agents agree, on behalf of the Shared Collateral Secured Parties that such sale
will be free and clear of the Liens on such ABL Collateral securing the Shared Collateral Obligations, and the Shared Collateral Agents’ and the Shared Collateral Secured Parties’ Liens with respect to the ABL Collateral so sold,
transferred, disposed or released shall terminate and be automatically released without further action concurrently with, and to the same extent as, the release of the ABL Secured Parties’ Liens on such ABL Collateral; provided that in
the case of a disposition in connection with an Exercise of Secured Creditor Remedies, any Proceeds thereof not applied to repay ABL Obligations shall be subject to the Liens securing the Shared Collateral Obligations and shall be applied pursuant
to this Agreement and the Shared Collateral Intercreditor 
  

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Agreement. In furtherance of, and subject to, the foregoing, the Shared Collateral Agents agree that they will promptly execute any and all Lien releases or other documents reasonably requested
by the ABL Agent in connection therewith. Each Shared Collateral Agent hereby appoints the ABL Agent and any officer or duly authorized person of the ABL Agent, with full power of substitution, as its true and lawful attorney-in-fact with full
irrevocable power of attorney in the place and stead of such Shared Collateral Agent and in the name of such Shared Collateral Agent or in the ABL Agent’s own name, from time to time, in the ABL Agent’s sole discretion, for the purposes of
carrying out the terms of this paragraph, to take any and all appropriate action and to execute and deliver any and all documents and instruments as may be necessary or desirable to accomplish the purposes of this paragraph, including any financing
statements, endorsements, assignments, releases or other documents or instruments of transfer (which appointment, being coupled with an interest, is irrevocable). 

Section 2.5 No New Liens. Prior to the Discharge of ABL Obligations, the parties hereto agree that the Borrower shall
not, and shall not permit any other Loan Party to grant or permit any additional Liens on any ABL Collateral to secure the Shared Collateral Obligations unless it has granted or concurrently grants a Lien on such ABL Collateral to secure the ABL
Obligations or grant or permit any additional Liens on any asset or property to secure any ABL Obligations (other than assets or property owned by any ABL Loan Party organized in Canada) unless it has granted or concurrently grants a Lien on such
ABL Collateral to secure the Shared Collateral Obligations. If any Loan Party shall (nonetheless and in breach hereof) permit any Lien on any ABL Collateral securing any ABL Obligation (other than assets or property owned by any ABL Loan Party
organized in Canada) which assets are not also subject to the Lien of the Shared Collateral Agents under the Shared Collateral Documents, subject to the Lien Priority set forth herein, then the ABL Agent (or the relevant ABL Secured Party) shall,
without the need for any further consent of any other ABL Secured Party, any ABL Borrower or any ABL Guarantor, and notwithstanding anything to the contrary in any other ABL Document, be deemed to also hold and have held such Lien as agent or bailee
for the benefit of the Shared Collateral Agents as security for the Shared Collateral Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify the Shared Collateral Agents in writing of the existence of such Lien.

 Section 2.6 Waiver of Marshalling. Prior to the Discharge of ABL Obligations, the Shared Collateral
Agents, on behalf of the Shared Collateral Secured Parties, agree not to assert and hereby waive, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling,
appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the ABL Collateral or any other similar rights a junior secured creditor may have under applicable law. 

Section 2.7 Refinancings. The ABL Obligations and any series of Shared Collateral Obligations may be
refinanced, in whole or in part, in each case, in accordance with the terms of the ABL Documents and the Shared Collateral Documents, as applicable, and without notice to, or the consent (except to the extent a consent is otherwise required to
permit the refinancing transaction under any ABL Document or Shared Collateral Document) of the ABL Secured Parties or any Shared Collateral Secured Parties, all without affecting the priorities provided for herein or the other provisions hereof;
provided that the authorized representative of the holders 
  

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of any such refinancing indebtedness (the “Authorized Representative”) shall have executed a joinder agreement on behalf of the holders of such refinancing indebtedness
substantially in the form of Exhibit A hereto. 
 ARTICLE 3  

ACTIONS OF THE PARTIES 

Section 3.1 Certain Actions Permitted. The Shared Collateral Agents and the ABL Agent may make such demands or
file such claims in respect of the Shared Collateral Obligations or the ABL Obligations, as applicable, as are necessary to prevent the waiver or bar of such claims under applicable statutes of limitations or other statutes, court orders, or rules
of procedure at any time. Except as provided in Section 5.2, nothing in this Agreement shall prohibit the receipt by the Shared Collateral Agents or any Shared Collateral Secured Party of the required payments of interest, principal and other
amounts owed in respect of the Shared Collateral Obligations so long as such receipt is not the direct or indirect result of the exercise by the Shared Collateral Agents or any Shared Collateral Secured Party of rights or remedies as a secured
creditor (including set-off with respect to the ABL Collateral) or enforcement in contravention of this Agreement of any Lien held by any of them. 

Section 3.2 Agent for Perfection. Prior to the Discharge of ABL Obligations, the ABL Agent, for and on behalf
of itself and each ABL Secured Party, and the Shared Collateral Agents, for and on behalf of themselves and each Shared Collateral Secured Party, as applicable, each agree to hold all ABL Collateral in their respective possession, custody, or
control (or in the possession, custody, or control of agents or bailees for either) as agent for the other solely for the purpose of perfecting the security interest granted to each in such ABL Collateral, subject to the terms and conditions of this
Section 3.2. In addition, the ABL Agent expressly agrees to act as agent for the benefit of the Shared Collateral Agents and the Shared Collateral Secured Parties under each control agreement or blocked account agreement with respect to any
Deposit Accounts and Securities Accounts of a Loan Party. None of the ABL Agent, the ABL Secured Parties, the Shared Collaterals Agent, or the Shared Collateral Secured Parties, as applicable, shall have any obligation whatsoever to the others to
assure that the ABL Collateral is genuine or owned by any Loan Party or any other Person or to preserve rights or benefits of any Person. The duties or responsibilities of the ABL Agent and the Shared Collateral Agents under this Section 3.2
are and shall be limited solely to holding or maintaining control of the ABL Collateral as agent for the other Party for purposes of perfecting the Lien held by the Shared Collateral Agents or the ABL Agent, as applicable. The ABL Agent is not and
shall not be deemed to be a fiduciary of any kind for the Shared Collateral Agents, the Shared Collateral Secured Parties, or any other Person. The Shared Collateral Agents are not and shall not be deemed to be a fiduciary of any kind for the ABL
Agent, the ABL Secured Parties, or any other Person. Prior to the Discharge of ABL Obligations, in the event that any Shared Collateral Agent or any Shared Collateral Secured Party receives any ABL Collateral or Proceeds of the ABL Collateral in
violation of the terms of this Agreement, then such Shared Collateral Agent or such Shared Collateral Secured Party shall promptly pay over such Proceeds or ABL Collateral to the ABL Agent, in the same form as received with any necessary
endorsements, for application in accordance with the provisions of Section 4.1 of this Agreement. 
  

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 Section 3.3 [Reserved]. 

Section 3.4 Insurance. Proceeds of ABL Collateral include insurance proceeds and, therefore, the Lien Priority
shall govern the ultimate disposition of casualty insurance proceeds. The ABL Agent and the Shared Collateral Agents shall each be named as additional insured or loss payee, as applicable, with respect to all insurance policies relating to the ABL
Collateral. Prior to the Discharge of ABL Obligations, the ABL Agent shall have the sole and exclusive right, as against the Shared Collateral Agents, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of
the ABL Collateral. Prior to the Discharge of ABL Obligations, all proceeds of such insurance shall be remitted for application in accordance with the provisions of Section 4.1 of this Agreement. 

Section 3.5 No Additional Rights for the Loan Parties Hereunder. Except as provided in Section 3.6, if any
ABL Secured Party or Shared Collateral Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, the Loan Parties shall not be entitled to use such violation as a defense to any action by any ABL Secured Party
or Shared Collateral Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any ABL Secured Party or Shared Collateral Secured Party. 

Section 3.6 Geoffrey Collateral. 

(a) Without limiting any rights the ABL Agent or any other ABL Secured Party may otherwise have under applicable law or by agreement, in
the event of any liquidation of the ABL Collateral (or any other Exercise of Secured Creditor Remedies by the ABL Agent) and whether or not the Shared Collateral Agents or any other Shared Collateral Secured Party has commenced and is continuing to
Exercise Any Secured Creditor Remedies of the Shared Collateral Agents, the ABL Agent or any other Person (including any Loan Party) acting with the consent, or on behalf, of the ABL Agent, shall have the right to use the Geoffrey Collateral in
order to complete a production run of Inventory involving, take possession of, move, prepare and advertise for sale, to sell (by public auction, private sale or a “store closing”, “going out of business” or similar sale, whether
in bulk, in lots or to customers in the ordinary course of business or otherwise and which sale may include augmented Inventory of the same type sold in the Borrowers’ and Guarantors’ business), store or otherwise deal with the ABL
Collateral, in each case without notice to, the involvement of or interference by any Shared Collateral Secured Party or liability to any Shared Collateral Secured Party for a period, (i) in the case of Geoffrey Collateral that is subject to a
license agreement (including the Intellectual Property Rights Agreement), the period described in such license agreement and (ii) otherwise, the Use Period. Prior to the Discharge of ABL Obligations, the Shared Collateral Agents agree not sell,
assign or otherwise transfer the Geoffrey Collateral, (i) in the case of Geoffrey Collateral that is subject to a license agreement (including the Intellectual Property Rights Agreement), prior to the expiration of the period described in such
license agreement and (ii) otherwise, prior to the expiration of the Use Period, unless the purchaser, assignee or transferee thereof agrees to be bound by the provisions of this Section 3.6. Subject only to the foregoing provisions of
this Section 3.6, nothing in this Agreement shall impair the Shared Collateral Agents’ and the Shared Collateral Secured Parties’ rights and Liens on the Geoffrey Collateral. 

 

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 (b) The ABL Agent and the ABL Secured Parties shall not be obligated to pay any amounts to
the Shared Collateral Agents or the Shared Collateral Secured Parties (or any person claiming by, through or under the Shared Collateral Secured Parties, including any purchaser of the Geoffrey Collateral) or to the Loan Parties, for or in respect
of the use by the ABL Agent and the ABL Secured Parties of the Geoffrey Collateral and none of the ABL Agent or the ABL Secured Parties shall be obligated to secure, protect, insure or repair any such Geoffrey Collateral (other than for damages
caused by the ABL Agent, the ABL Secured Parties or their respective employees, agents and representatives). The ABL Agent and the ABL Secured Parties shall not have any liability to the Shared Collateral Agents or the Shared Collateral Secured
Parties (or any person claiming by, through or under the Shared Collateral Agents or the Shared Collateral Secured Parties, including any purchaser of the Geoffrey Collateral) as a result of any condition on or with respect to the Geoffrey
Collateral other than those arising from the gross negligence or willful misconduct of the ABL Agent, the ABL Secured Parties or their respective employees, agents and representatives, and the ABL Agent and the ABL Secured Parties shall have no duty
or liability to maintain the Geoffrey Collateral in a condition or manner better than that in which it was maintained prior to the use thereof by the ABL Agent and the ABL Secured Parties. 

Section 3.7 Access Rights. 

(a) Without limiting any rights the ABL Agent or any other ABL Secured Party may otherwise have under applicable law or by agreement,
(i) in the event of any liquidation of the ABL Collateral (or any other Exercise Any Secured Creditor Remedies by the ABL Agent) and whether or not the Authorized Shared Collateral Agent or any other Shared Collateral Secured Party has
commenced and is continuing to Exercise Any Secured Creditor Remedies of the Shared Collateral Agents, and (ii) if the Shared Collateral Agents have obtained a first priority Lien on or control of any Real Property where any ABL Collateral is
located, then the ABL Agent or any other Person (including any Loan Party) acting with the consent, or on behalf, of the ABL Agent, shall have the right to access such Real Property in order to assemble, inspect, copy or download information stored
on, take actions to perfect its Lien on, complete a production run of Inventory involving, take possession of, move, prepare and advertise for sale, sell (by public auction, private sale or a “store closing”, “going out of
business” or similar sale, whether in bulk, in lots or to customers in the ordinary course of business or otherwise and which sale may include augmented Inventory of the same type sold in the Borrowers’ and Guarantors’ business),
store or otherwise deal with the ABL Collateral, in each case without notice to, the involvement of or interference by any Shared Collateral Secured Party or liability to any Shared Collateral Secured Party for a period not to exceed the Access
Period. Prior to the Discharge of ABL Obligations, the Shared Collateral Agents agree not sell, assign or otherwise transfer such Real Property prior to the Access Period, unless the purchaser, assignee or transferee thereof agrees to be bound by
the provisions of this Section 3.7. Subject only to the foregoing provisions of this Section 3.7, nothing in this Agreement shall impair the Shared Collateral Agents’ and the Shared Collateral Secured Parties’ rights and Liens on
such Real Property. 
 (b) The ABL Agent and the ABL Secured Parties shall not be obligated to pay any amounts to the Shared
Collateral Agent or the Shared Collateral Secured Parties (or any person claiming by, through or under the Shared Collateral Secured Parties, including any purchaser 

 

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of such Real Property) or to the Loan Parties, for or in respect of the use by the ABL Agent and the ABL Secured Parties of the Real Property and none of the ABL Agent or the ABL Secured Parties
shall be obligated to secure, protect, insure or repair any such Real Property (other than for damages caused by the ABL Agent, the ABL Secured Parties or their respective employees, agents and representatives). The ABL Agent and the ABL Secured
Parties shall not have any liability to the Shared Collateral Agents or the Shared Collateral Secured Parties (or any person claiming by, through or under the Shared Collateral Agents or the Shared Collateral Secured Parties, including any purchaser
of the Real Property) as a result of any condition on or with respect to such Real Property other than those arising from the gross negligence or willful misconduct of the ABL Agent, the ABL Secured Parties or their respective employees, agents and
representatives, and the ABL Agent and the ABL Secured Parties shall have no duty or liability to maintain the Real Property in a condition or manner better than that in which it was maintained prior to the use thereof by the ABL Agent and the ABL
Secured Parties. 
 ARTICLE 4  

APPLICATION OF PROCEEDS 

Section 4.1 Application of Proceeds. 

(a) Revolving Nature of ABL Obligations. The Shared Collateral Agents, on behalf of the Shared Collateral Secured Parties,
expressly acknowledge and agree that (i) the ABL Credit Agreement includes a revolving commitment, that in the ordinary course of business the ABL Agent and the ABL Lenders will apply payments and make advances thereunder, and that no
application of any ABL Collateral or the release of any Lien by the ABL Agent upon any portion of the ABL Collateral in connection with a permitted disposition by the ABL Loan Parties under any ABL Credit Agreement shall constitute the Exercise of
Secured Creditor Remedies under this Agreement; (ii) the amount of the ABL Obligations that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, and that the terms of the ABL Obligations
may be modified, extended or amended from time to time, and that the aggregate amount of the ABL Obligations may be increased, replaced or refinanced, in each event, without notice to or consent by the Shared Collateral Secured Parties and without
affecting the provisions hereof; and (iii) all ABL Collateral received by the ABL Agent may be applied, reversed, reapplied, credited, or reborrowed, in whole or in part, to the ABL Obligations at any time; provided, however, that
from and after the date on which the ABL Agent (or any ABL Lender) commences the Exercise of Secured Creditor Remedies, all amounts received by the ABL Agent or any ABL Lender shall be applied as specified in this Section 4.1. The Lien Priority
shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or refinancing of either the ABL Obligations or the Shared Collateral
Obligations, or any portion thereof. 
 (b) Application of Proceeds of ABL Collateral. Prior to the Discharge of ABL
Obligations, the ABL Agent and the Shared Collateral Agents hereby agree that all ABL Collateral and all Proceeds thereof, received by either of them in connection with any Exercise of Secured Creditor Remedies with respect to the ABL Collateral
shall be applied, 
  

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 first, to the payment of costs and expenses of the ABL Agent in
connection with such Exercise of Secured Creditor Remedies, 
 second, to the payment of the ABL
Obligations in accordance with the ABL Documents until the Discharge of ABL Obligations shall have occurred, 

third, to the payment of the Shared Collateral Obligations in accordance with the Shared Collateral Documents, and

 fourth, the balance, if any, to the Loan Parties or to whosoever may be lawfully entitled to receive
the same or as a court of competent jurisdiction may direct; 
 provided that in the event any Shared Collateral Agent receives, in
connection with an Insolvency Proceeding, any Proceeds of any ABL Collateral and the Lien granted in favor of the ABL Agent or the ABL Secured Parties in respect of such ABL Collateral has been voided, avoided, subordinated, or otherwise invalidated
by a court of competent jurisdiction and the provisions of Section 5.3 would not be effective, the such proceeds received by such Shared Collateral Agent with respect to the ABL Collateral subject to avoidance, subordination or invalidation
shall be applied, to the extent permitted under applicable law, to the payment of the Shared Collateral Obligations in accordance with the Shared Collateral Documents. 

(c) Limited Obligation or Liability. In exercising remedies, whether as a secured creditor or otherwise, the ABL Agent shall have
no obligation or liability to the Shared Collateral Agents or to any Shared Collateral Secured Party, regarding the adequacy of any Proceeds or for any action or omission, save and except solely for an action or omission that breaches the express
obligations undertaken by each Party under the terms of this Agreement. Notwithstanding anything to the contrary herein contained, none of the Parties hereto waives any claim that it may have against a Secured Party on the grounds that and sale,
transfer or other disposition by the Secured Party was not commercially reasonable in every respect as required by the Uniform Commercial Code. 

(d) Turnover of ABL Collateral After Discharge. Upon the Discharge of ABL Obligations, the ABL Agent shall deliver to the Shared
Collateral Agents or shall execute such documents as the Shared Collateral Agents may reasonably request (at the expense of the Term Borrower and Notes Issuer) to enable the Shared Collateral Agents to have control over any ABL Collateral still in
the ABL Agent’s possession, custody, or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. 

Section 4.2 Specific Performance. Each of the ABL Agent and each Shared Collateral Agent is hereby authorized
to demand specific performance of this Agreement, whether or not any Loan Party shall have complied with any of the provisions of any of the Credit Documents, at any time when the other Party shall have failed to comply with any of the provisions of
this Agreement applicable to it. Each of the ABL Agent, on behalf of the ABL Secured Parties, and the Shared Collateral Agents, on behalf of the applicable Shared Collateral Secured Parties, hereby irrevocably waives any defense based on the
adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance. 
  

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 ARTICLE 5  

INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS 

Section 5.1 Notice of Acceptance and Other Waivers. 

(a) All ABL Obligations at any time made or incurred by any ABL Loan Party shall be deemed to have been made or incurred in reliance upon
this Agreement, and the Term Agent, on behalf of the Term Secured Parties, hereby waives notice of acceptance, or proof of reliance by the ABL Agent or any ABL Secured Parties of this Agreement, and notice of the existence, increase, renewal,
extension, accrual, creation, or non-payment of all or any part of the ABL Obligations. All Shared Collateral Obligations at any time made or incurred by any Shared Collateral Loan Party shall be deemed to have been made or incurred in reliance upon
this Agreement, and the ABL Agent, on behalf of the ABL Secured Parties, hereby waives notice of acceptance, or proof of reliance, by the Shared Collateral Agents or any Shared Collateral Secured Party of this Agreement, and notice of the existence,
increase, renewal, extension, accrual, creation, or non-payment of all or any part of the Shared Collateral Obligations. 
 (b)
None of the ABL Agent, any ABL Secured Party, or any of their respective Affiliates, directors, officers, employees, or agents shall be liable for failure to demand, collect, or realize upon any of the ABL Collateral or any Proceeds, or for any
delay in doing so, or shall be under any obligation to sell or otherwise dispose of any ABL Collateral or Proceeds thereof or to take any other action whatsoever with regard to the ABL Collateral or any part or Proceeds thereof, except as
specifically provided in this Agreement. If the ABL Agent or any ABL Secured Party honors (or fails to honor) a request by any ABL Borrower for an extension of credit pursuant to any ABL Credit Agreement or any of the other ABL Documents, whether or
not the ABL Agent or any ABL Secured Party has knowledge that the honoring of (or failure to honor) any such request would constitute a default under the terms of any Shared Collateral Document (but not a default under this Agreement) or an act,
condition, or event that, with the giving of notice or the passage of time, or both, would constitute such a default, or if the ABL Agent or any ABL Secured Party otherwise should exercise any of its contractual rights or remedies under any ABL
Documents (subject to the express terms and conditions hereof), neither the ABL Agent nor any ABL Secured Party shall have any liability whatsoever to the Shared Collateral Agents or any Shared Collateral Secured Party as a result of such action,
omission, or exercise (so long as any such exercise does not breach the express terms and provisions of this Agreement). The ABL Agent and the ABL Secured Party shall be entitled to manage and supervise their loans and extensions of credit under any
ABL Credit Agreement and any of the other ABL Documents as they may, in their sole discretion, deem appropriate, and may manage their loans and extensions of credit without regard to any rights or interests that the Shared Collateral Agents or any
of the Shared Collateral Secured Parties have in the ABL Collateral, except as otherwise expressly set forth in this Agreement. The Shared Collateral Agents, on behalf of the Shared Collateral Secured Parties, agree that neither the ABL Agent nor
any ABL Secured Party shall incur any liability as a result of a sale, lease, license, application, or other disposition of all or any portion of the ABL Collateral or Proceeds thereof, pursuant to the ABL Documents, so long as such disposition is
conducted in accordance with mandatory provisions of applicable law and does not breach the provisions of this Agreement. 
  

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 Section 5.2 Modifications to ABL Documents and Shared Collateral Documents.

 (a) The Shared Collateral Agents, on behalf of the Shared Collateral Secured Parties, hereby agree that, without
affecting the obligations of the Shared Collateral Agent and the Shared Collateral Secured Parties hereunder, the ABL Agent and the ABL Lenders may, at any time and from time to time, in their sole discretion without the consent of or notice to the
Shared Collateral Agents or any Shared Collateral Secured Party (except to the extent such notice or consent is required pursuant to the express provisions of this Agreement), and without incurring any liability to the Shared Collateral Agent or any
Shared Collateral Secured Party or impairing or releasing the subordination provided for herein, amend, restate, supplement, replace, refinance, extend, consolidate, restructure, or otherwise modify any of the ABL Documents in any manner whatsoever,
including, without limitation, to: 
 (i) change the manner, place, time, or terms of payment or renew, alter or
increase, all or any of the ABL Obligations or otherwise amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the ABL Obligations or any of the ABL Documents; 

(ii) subject to Section 2.5, retain or obtain a Lien on any Property of any Person to secure any of the ABL
Obligations, and in connection therewith to enter into any additional ABL Documents; 
 (iii) amend, or grant any
waiver, compromise, or release with respect to, or consent to any departure from, any guaranty or other obligations of any Person obligated in any manner under or in respect of the ABL Obligations; 

(iv) release its Lien on any ABL Collateral or other Property; 

(v) exercise or refrain from exercising any rights against any Loan Party or any other Person; 

(vi) subject to Section 2.5, retain or obtain the primary or secondary obligation of any other Person with respect to
any of the ABL Obligations; and 
 (vii) otherwise manage and supervise the ABL Obligations as the ABL Agent
shall deem appropriate; 
 provided, however, that no such amendment, supplement or modification shall (x) in the case of the
Tranche A Borrowing Base, result in increasing the “Inventory Advance Rate” thereunder to more than 95% and (y) in the case of the Tranche A-1 Borrowing Base, result in increasing the “Inventory Advance Rate” thereunder to
more than 100%. 
 (b) The ABL Agent, on behalf of the ABL Secured Parties, hereby agrees that, without affecting the
obligations of the ABL Agent and the ABL Secured Parties hereunder, the Shared Collateral Agents and the Shared Collateral Secured Parties may, at any time and from time to time, in their sole discretion without the consent of or notice to the ABL
Agent or any ABL Secured Party (except to the extent such notice or consent is required pursuant to the 
  

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express provisions of this Agreement), and without incurring any liability to the ABL Agent or any ABL Secured Party or impairing or releasing the subordination provided for herein, amend,
restate, supplement, replace, refinance, extend, consolidate, restructure, or otherwise modify any of the Shared Collateral Documents in any manner whatsoever, including, without limitation, to: 

(i) change the manner, place, time, or terms of payment or renew, alter or increase, all or any of the Shared Collateral
Obligations or otherwise amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the Shared Collateral Obligations or any of the Shared Collateral Documents; 

(ii) subject to Section 2.5, retain or obtain a Lien on any Property of any Person to secure any of the Shared
Collateral Obligations, and in connection therewith to enter into any additional Shared Collateral Documents; 

(iii) amend, or grant any waiver, compromise, or release with respect to, or consent to any departure from, any guaranty
or other obligations of any Person obligated in any manner under or in respect of the Shared Collateral Obligations; 

(iv) exercise or refrain from exercising any rights against Loan Party or any other Person; 

(v) subject to Section 2.5, retain or obtain the primary or secondary obligation of any other Person with respect to
any of the Shared Collateral Obligations; 
 (vi) release its Lien on any ABL Collateral or other Property; and

 (vii) otherwise manage and supervise the Shared Collateral Obligations as the Shared Collateral Agents shall
deem appropriate. 
 (c) No consent furnished by the ABL Agent or the Shared Collateral Agents pursuant to Sections 5.2(a) or
5.2(b) hereof shall be deemed to constitute the modification or waiver of any provisions of the ABL Documents or the Shared Collateral Documents, each of which remain in full force and effect as written. 

(d) The ABL Obligations and each of the Shared Collateral Obligations may be refinanced, in whole or in part, in each case, without
notice to, or the consent (except to the extent a consent is required to permit the refinancing transaction under any ABL Document or any Shared Collateral Document) of the ABL Agent, the ABL Lenders, the Shared Collateral Agents or the Shared
Collateral Secured Parties, as the case may be, all without affecting the Lien Priorities provided for herein or the other provisions hereof, provided, however, that (i) the holders of such refinancing Indebtedness (or an
authorized agent or trustee on their behalf) bind themselves in writing to the terms of this Agreement pursuant to such documents or agreements (including amendments or supplements to this Agreement) as the ABL Agent or the applicable Shared
Collateral Agent, as the case may be, shall reasonably request and in form and substance reasonably acceptable to the ABL Agent or the applicable Shared Collateral Agent, as the case may be, and any such refinancing transaction shall be in
accordance with any applicable provisions of both the ABL Documents and the Shared Collateral Documents, and (ii) no such refinancing shall have any effect prohibited by Section 5.2(a) or 5.2(b), as applicable. 

 

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 Section 5.3 Reinstatement and Continuation of Agreement. 

(a) If the ABL Agent or any ABL Lender is required in any Insolvency Proceeding or otherwise to turn over or otherwise pay to the estate
of any Loan Party or any other Person any payment made in satisfaction of all or any portion of the ABL Obligations (an “ABL Recovery”), then the ABL Obligations shall be reinstated to the extent of such ABL Recovery. If this
Agreement shall have been terminated prior to such ABL Recovery, this Agreement shall be reinstated in full force and effect in the event of such ABL Recovery, and such prior termination shall not diminish, release, discharge, impair, or otherwise
affect the obligations of the Parties from such date of reinstatement. All rights, interests, agreements, and obligations of the ABL Agent, the Shared Collateral Agents, the ABL Secured Parties, and the Shared Collateral Secured Parties under this
Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding by or against any Loan Party or any other circumstance
which otherwise might constitute a defense available to, or a discharge of any Loan Party in respect of the ABL Obligations or the Shared Collateral Obligations. No priority or right of the ABL Agent or any ABL Secured Party shall at any time be
prejudiced or impaired in any way by any act or failure to act on the part of any ABL Loan Party or by the noncompliance by any Person with the terms, provisions, or covenants of any of the ABL Documents, regardless of any knowledge thereof which
the ABL Agent or any ABL Secured Party may have. 
 (b) If any Shared Collateral Agent or any Shared Collateral Secured Party is
required in any Insolvency Proceeding or otherwise to turn over or otherwise pay to the estate of any Shared Collateral Loan Party or any other Person any payment made in satisfaction of all or any portion of the Shared Collateral Obligations (a
“Shared Collateral Recovery”), then the Shared Collateral Obligations shall be reinstated to the extent of such Shared Collateral Recovery. If this Agreement shall have been terminated prior to such Shared Collateral Recovery, this
Agreement shall be reinstated in full force and effect in the event of such Shared Collateral Recovery, and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the Parties from such date of
reinstatement. All rights, interests, agreements, and obligations of the ABL Agent, the Shared Collateral Agents, the ABL Secured Parties, and the Shared Collateral Secured Parties under this Agreement shall remain in full force and effect and shall
continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding by or against any Loan Party or any other circumstance which otherwise might constitute a defense available to, or a
discharge of any Loan Party in respect of the ABL Obligations or the Shared Collateral Obligations. No priority or right of the Shared Collateral Agents or any Shared Collateral Secured Party shall at any time be prejudiced or impaired in any way by
any act or failure to act on the part of any Loan Party or by the noncompliance by any Person with the terms, provisions, or covenants of any of the Shared Collateral Documents, regardless of any knowledge thereof which the Shared Collateral Agents
or any Shared Collateral Secured Party may have. 
  

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 Section 5.4 Joinder of Authorized Representatives.
Notwithstanding anything contained in this Agreement to the contrary, without the consent of any ABL Secured Party or any Shared Collateral Secured Party, any Authorized Representative may become a party to this Agreement by execution and delivery
of a joinder agreement substantially in the form of Exhibit A hereto and upon such execution and delivery, such Authorized Representative and the Secured Parties for which such Authorized Representative is acting shall be subject to the terms of
this Agreement as an Additional Pari Passu Agent and Additional Pari Passu Secured Parties, respectively. 
 ARTICLE 6 

 INSOLVENCY PROCEEDINGS 

Section 6.1 DIP Financing. 

(a) If any Loan Party shall be subject to any Insolvency Proceeding in the United States at any time prior to the Discharge of ABL
Obligations, and the ABL Agent or the ABL Secured Parties shall seek to provide any Loan Party with, or consent to a third party providing, any financing under Section 364 of the Bankruptcy Code or consent to any order for the use of cash
collateral constituting ABL Collateral under Section 363 of the Bankruptcy Code (each, a “DIP Financing”), with such DIP Financing to be secured by all or any portion of the ABL Collateral (including assets that, but for the
application of Section 552 of the Bankruptcy Code would be ABL Collateral), then the Shared Collateral Agents, on behalf of the Shared Collateral Secured Parties, agree that they will raise no objection and will not support any objection to
such DIP Financing or use of cash collateral or to the Liens securing the same on the grounds of a failure to provide “adequate protection” for the Liens of the Shared Collateral Agents securing the Shared Collateral Obligations or on any
other grounds (and will not request any adequate protection solely as a result of such DIP Financing or use of cash collateral that is ABL Collateral except as permitted by Section 6.3(b)), so long as (i) the Shared Collateral Agents
retain their Lien on the ABL Collateral to secure the Shared Collateral Obligations (in each case, including Proceeds thereof arising after the commencement of the case under the Bankruptcy Code), (ii) the terms of the DIP Financing do not
compel the applicable Loan Party to seek confirmation of a specific plan of reorganization for which all or substantially all of the material terms of such plan are set forth in the DIP Financing documentation or related document; (iii) all
Liens on the ABL Collateral securing any such DIP Financing shall be senior to or on a parity with the Liens of the ABL Agent and the ABL Secured Parties securing the ABL Obligations on the ABL Collateral, and (iv) the amount of ABL Obligations
as a result of such DIP Financing may be increased but in no event by no more than $50.0 million in excess of the maximum commitments under the ABL Credit Agreement prior to the commencement of the applicable Insolvency Proceeding. 

(b) All Liens granted to the ABL Agent or the Shared Collateral Agents in any Insolvency Proceeding, whether as adequate protection or
otherwise, are intended by the Parties to be and shall be deemed to be subject to the Lien Priority and the other terms and conditions of this Agreement. 

Section 6.2 Relief from Stay. Prior to the Discharge of ABL Obligations, the Shared Collateral Agents, on behalf of
the Shared Collateral Secured Parties, agree not to seek 
  

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relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of any portion of the ABL Collateral without the ABL Agent’s express written consent. In addition,
the ABL Agent and Shared Collateral Agents shall not seek any relief from the automatic stay with respect to any ABL Collateral without providing 3 days’ prior written notice to the other, unless such period is agreed by each of the ABL Agent
and the Shared Collateral Agents to be modified or unless the ABL Agent makes a good faith determination that either (A) the ABL Collateral will decline speedily in value or (B) the failure to take any action will have a reasonable
likelihood of endangering the ABL Agent’s or the Shared Collateral Agents’ ability to realize upon the ABL Collateral. 

Section 6.3 No Contest; Adequate Protection. 

(a) The Shared Collateral Agents’, on behalf of the Shared Collateral Secured Parties, agrees that, prior to the Discharge of ABL
Obligations, none of them shall contest (or support any other Person contesting) (a) any request by the ABL Agent or any ABL Secured Party for adequate protection of its interest in the ABL Collateral, (b) any proposed provision of DIP
Financing by the ABL Agent and the ABL Secured Parties (or any other Person proposing to provide DIP Financing with the consent of the ABL Agent) or (c) any objection by the ABL Agent or any ABL Secured Party to any motion, relief, action, or
proceeding based on a claim by the ABL Agent or any ABL Secured Party that its interests in the ABL Collateral are not adequately protected (or any other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens
granted to the ABL Agent as adequate protection of its interests are subject to this Agreement. 
 (b) Notwithstanding the
foregoing provisions in this Section 6.3, in any Insolvency Proceeding if the ABL Secured Parties (or any subset thereof) are granted adequate protection with respect to the ABL Collateral in the form of additional collateral (even if such
collateral is not of a type which would otherwise have constituted ABL Collateral), then the ABL Agent, on behalf of itself and the ABL Lenders, agrees that the Shared Collateral Agents, on behalf of itself or any of the Shared Collateral Secured
Parties, may seek or request (and the ABL Secured Parties will not oppose such request) adequate protection with respect to its interests in such ABL Collateral in the form of a Lien on the same additional collateral, which Lien will be subordinated
to the Liens securing the ABL Obligations on the same basis as the other Liens of the Shared Collateral Agents on the ABL Collateral. 

Section 6.4 Asset Sales. Prior to the Discharge of ABL Obligations, the Shared Collateral Agents agree, on behalf of
themselves and the Shared Collateral Secured Parties, that they will not oppose any sale consented to by the ABL Agent of any ABL Collateral pursuant to Section 363(f) of the Bankruptcy Code (or any similar provision under the law applicable to
any Insolvency Proceeding) so long as the proceeds of such sale are applied in accordance with this Agreement. 

Section 6.5 Separate Grants of Security and Separate Classification. Each Shared Collateral Secured Party, the
Shared Collateral Agents, each ABL Secured Party and the ABL Agent acknowledges and agrees that (i) the grants of Liens pursuant to the ABL Documents, the Term Documents, the Notes Documents and the Additional Pari Passu Documents constitute
separate and distinct grants of Liens and (ii) because of, among other things, their differing 
  

 -31- 

 
rights in the ABL Collateral, each of the Term Obligations, the Notes Obligations and the Additional Pari Passu Obligations are fundamentally different from the ABL Obligations and must be
separately classified in any plan of reorganization proposed or adopted in an Insolvency Proceeding. 
 Section 6.6
Enforceability. The provisions of this Agreement are intended to be and shall be enforceable under Section 510(a) of the Bankruptcy Code. 

Section 6.7 ABL Obligations Unconditional. All rights of the ABL Agent hereunder, and all agreements and
obligations of the Shared Collateral Agents and the Loan Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 

(i) any lack of validity or enforceability of any ABL Document; 

(ii) any change in the time, place or manner of payment of, or in any other term of, all or any portion of the ABL
Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any ABL Document; 

(iii) any exchange, release, voiding, avoidance or non perfection of any security interest in any ABL Collateral or any
other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the ABL Obligations or any guarantee
or guaranty thereof; or 
 (iv) any other circumstances that otherwise might constitute a defense available to,
or a discharge of, any Loan Party in respect of the ABL Obligations, or of any of the Shared Collateral Agents or any Loan Party, to the extent applicable, in respect of this Agreement. 

Section 6.8 Shared Collateral Obligations Unconditional. All rights of the Shared Collateral Agents hereunder,
all agreements and obligations of the ABL Agent and the Loan Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 

(i) any lack of validity or enforceability of any Shared Collateral Document; 

(ii) any change in the time, place or manner of payment of, or in any other term of, all or any portion of the Shared
Collateral Obligations, or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding or restatement of any Shared Collateral Document; 

(iii) any exchange, release, voiding, avoidance or non perfection of any security interest in any ABL Collateral, or any
other collateral, or any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding, restatement or increase of all or any portion of the Shared Collateral Obligations or
any guarantee or guaranty thereof; or 
  

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 (iv) any other circumstances that otherwise might constitute a defense
available to, or a discharge of, any Loan Party in respect of the Shared Collateral Obligations, or of any of the ABL Agent or any Loan Party, to the extent applicable, in respect of this Agreement. 

ARTICLE 7  

MISCELLANEOUS 

Section 7.1 Rights of Subrogation. The Shared Collateral Agents, on behalf of the Shared Collateral Secured
Parties, agree that no payment to the ABL Agent or any ABL Secured Parties pursuant to the provisions of this Agreement shall entitle the Shared Collateral Agents or any Shared Collateral Secured Party to exercise any rights of subrogation in
respect thereof prior to the Discharge of ABL Obligations. Following the Discharge of ABL Obligations, the ABL Agent agrees to execute such documents, agreements, and instruments as the Shared Collateral Agents or any Shared Collateral Secured Party
may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the ABL Obligations resulting from payments to the ABL Agent by such Person, so long as all costs and expenses (including all reasonable legal fees
and disbursements) incurred in connection therewith by the ABL Agent are paid by such Person upon request for payment thereof. 

Section 7.2 Further Assurances. The Parties will, at their own expense and at any time and from time to time,
promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that any Party may reasonably request, in order to protect any right or interest granted or purported to be
granted hereby or to enable the ABL Agent or the Shared Collateral Agents to exercise and enforce its rights and remedies hereunder; provided, however, that no Party shall be required to pay over any payment or distribution, execute
any instruments or documents, or take any other action referred to in this Section 7.2, to the extent that such action would contravene any law, order or other legal requirement or any of the terms or provisions of this Agreement, and in the
event of a controversy or dispute, such Party may interplead any payment or distribution in any court of competent jurisdiction, without further responsibility in respect of such payment or distribution under this Section 7.2. 

Section 7.3 Representations. The Term Agent represents and warrants to the ABL Agent and each other Shared
Collateral Agent that it has the requisite power and authority under the Term Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of the Term Secured Parties and that this Agreement shall be binding
obligations of the Term Agent and the Term Secured Parties, enforceable against the Term Agent and the Term Secured Parties in accordance with its terms. The ABL Agent represents and warrants to the Shared Collateral Agents that it has the requisite
power and authority under the ABL Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of the ABL Secured Parties and that this Agreement shall be binding obligations of the ABL Agent and the ABL Secured
Parties, enforceable against the ABL Agent and the ABL Secured Parties in accordance with its terms. The Notes Agent represents and warrants to the ABL Agent and each other Shared Collateral Agent that pursuant to authority granted in Article 11 of
the Indenture it has the requisite power and authority under the Notes Documents to enter into, execute, deliver, and 

 

 -33- 

 
carry out the terms of this Agreement on behalf of the Notes Secured Parties and that this Agreement shall be binding obligations of the Notes Agent and the Notes Secured Parties, enforceable
against the Notes Agent and the Notes Secured Parties in accordance with its terms. By executing a joinder agreement in the form of Exhibit A hereto, the Additional Pari Passu Agent represents and warrants to the ABL Agent and each other Shared
Collateral Agent that it has the requisite power and authority under the Additional Pari Passu Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of the Additional Pari Passu Secured Parties and that this
Agreement shall be binding obligations of the Additional Pari Passu Agent and the Additional Pari Passu Secured Parties, enforceable against the Additional Pari Passu Agent and the Additional Pari Passu Secured Parties in accordance with its terms

 Section 7.4 Amendments. No amendment or waiver of any provision of this Agreement nor consent to any
departure by any Party hereto shall be effective unless it is in a written agreement executed by each Shared Collateral Agent and the ABL Agent and then such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given. 
 Section 7.5 Addresses for Notices. Unless otherwise specifically provided
herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally served, faxed, or sent by overnight express courier service or United States mail and shall be deemed to have been given
when delivered in person or by courier service, upon receipt of a telecopy or five (5) days after deposit in the United States mail (certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties
hereto (until notice of a change thereof is delivered as provided in this Section) shall be as set forth below or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties.

  

			
	ABL Agent:	  	Bank of America, N.A.
		  	40 Broad Street
		  	Boston, Massachusetts 02109
		  	Attention: Betsy Ratto
		
	Term Agent:	  	Bank of America, N.A.
		  	101 South Tryon Street
		  	Charlotte, North Carolina 28255
		  	Tel: (980) 387-5452
		  	Fax: (704) 208-2871
		  	Attn: Kelly T. Weaver
		
	Notes Agent:	  	The Bank of New York Mellon
		  	c/o The Bank of New York Mellon Trust Company, N.A.
		  	525 William Penn Place
		  	38th Floor
		  	Pittsburgh, PA 15259
		  	Tel: (412) 236-1196
		  	Fax: (412) 234-7571
		  	Attn: Global Corporate Trust - Toys “R” US - Delaware

  

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 Section 7.6 No Waiver, Remedies. No failure on the part of any
Party to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right.
The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 
 Section 7.7
Continuing Agreement, Transfer of Secured Obligations. This Agreement is a continuing agreement and shall (a) remain in full force and effect until the Discharge of ABL Obligations and the Discharge of the Shared Collateral
Obligations shall have occurred, (b) be binding upon the Parties and their successors and assigns, and (c) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and assigns. Nothing herein
is intended, or shall be construed to give, any other Person any right, remedy or claim under, to or in respect of this Agreement or any ABL Collateral. All references to any Loan Party shall include any Loan Party as debtor-in-possession and any
receiver or trustee for such Loan Party in any Insolvency Proceeding. Without limiting the generality of the foregoing clause (c), the ABL Agent, any ABL Lender, the Term Agent, or any Term Lender, the Notes Agent or any Notes Secured Party and the
Additional Pari Passu Agent or any Additional Pari Passu Secured Party may assign or otherwise transfer all or any portion of the ABL Obligations, the Term Obligations, Notes Obligations or the Additional Pari Passu Obligations, as applicable, to
any other Person (other than any Loan Party or any Affiliate of a Loan Party and any Subsidiary of a Loan Party), and such other Person shall thereupon become vested with all the rights and obligations in respect thereof granted to the ABL Agent,
the Term Agent, the Notes Agent, the Additional Pari Passu Agent, any ABL Lender, any Term Lender, any Notes Secured Party or any Additional Pari Passu Secured Party, as the case may be, herein or otherwise. The ABL Secured Parties, the Term Secured
Parties, the Notes Secured Party and the Additional Pari Passu Secured Parties (if any) may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide
Indebtedness to, or for the benefit of, any Loan Party on the faith hereof. 
 Section 7.8 Governing Law; Entire
Agreement. The validity, performance, and enforcement of this Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. This Agreement constitutes the entire agreement and understanding among
the Parties with respect to the subject matter hereof and supersedes any prior agreements, written or oral, with respect thereto. 

Section 7.9 Counterparts. This Agreement may be executed in any number of counterparts, including by means of
facsimile or “pdf” file thereof, and it is not necessary that the signatures of all Parties be contained on any one counterpart hereof, each counterpart will be deemed to be an original, and all together shall constitute one and the same
document. 
 Section 7.10 No Third Party Beneficiaries. This Agreement is solely for the benefit of
the ABL Agent, ABL Secured Parties, the Term Agent, Term Secured Parties, the Notes Agent and the Notes Secured Parties and the Additional Pari Passu Agent and the Additional Pari Passu Secured Parties (if any). No other Person (including any Loan
Party or any Affiliate of a Loan Party, or any Subsidiary of a Loan Party) shall be deemed to be a third party beneficiary of this Agreement. 
  

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 Section 7.11 Headings. The headings of the articles and sections
of this Agreement are inserted for purposes of convenience only and shall not be construed to affect the meaning or construction of any of the provisions hereof. 

Section 7.12 Severability. If any of the provisions in this Agreement shall, for any reason, be held invalid,
illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement and shall not invalidate the Lien Priority or the application of Proceeds and other priorities set forth
in this Agreement. The Parties hereto shall endeavor in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid,
illegal or unenforceable provisions. 
 Section 7.13 Attorneys Fees. The Parties agree that if any
dispute, arbitration, litigation, or other proceeding is brought with respect to the enforcement of this Agreement or any provision hereof, the prevailing party in such dispute, arbitration, litigation, or other proceeding shall be entitled to
recover its reasonable attorneys’ fees and all other costs and expenses incurred in the enforcement of this Agreement, irrespective of whether suit is brought. 

Section 7.14 VENUE; JURY TRIAL WAIVER. 

(a) EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY
JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

(b) EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE
COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF SUCH STATE, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OR ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT
OR TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN 
  

 -36- 

 
SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT
OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT SHALL AFFECT ANY RIGHT THAT ANY ABL SECURED PARTY OR ANY SHARED COLLATERAL SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, ANY ABL
DOCUMENTS OR ANY TERM DOCUMENTS AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 (c) EACH PARTY
HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OR ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO
THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. EACH PARTY HERETO REPRESENTS THAT IT HAS REVIEWED THIS WAIVER AND IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF
LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 (d) EACH PARTY HERETO HEREBY
IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 7.5. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

Section 7.15 Intercreditor Agreement. This Agreement is the Intercreditor Agreement or the Shared Collateral
Intercreditor Agreement, as the case may be, referred to in the ABL Credit Agreement, the Term Credit Agreement, the Indenture and the Additional Pari Passu Agreement (if any). Nothing in this Agreement shall be deemed to subordinate the obligations
due to (i) any ABL Secured Party to the obligations due to any Shared Collateral Secured Party or (ii) any Shared Collateral Secured Party to the obligations due to any ABL Secured Party (in each case, whether before or after the
occurrence of an Insolvency Proceeding), it being the intent of the Parties that this Agreement shall effectuate a subordination of Liens but not a subordination of Indebtedness. 

Section 7.16 No Warranties or Liability. The Term Agent, the Notes Agent, the Additional Pari Passu Agent (if
any) and the ABL Agent acknowledge and agree that none of them have made any representation or warranty with respect to the execution, validity, legality, completeness, collectibility or enforceability of any other ABL Document, Term Document, Notes
Document or Additional Pari Passu Document. Except as otherwise provided in this Agreement, the Term Agent, the Notes Agent, the Additional Pari Passu Agent and the ABL 

 

 -37- 

 
Agent will be entitled to manage and supervise their respective extensions of credit to any Loan Party in accordance with law and their usual practices, modified from time to time as they deem
appropriate. 
 Section 7.17 Conflicts. In the event of any conflict between the provisions of this
Agreement and the provisions of any ABL Document, any Term Document, any Notes Document or any Additional Pari Passu Document, the provisions of this Agreement shall govern. 

Section 7.18 Information Concerning Financial Condition of the Loan Parties. The Term Agent, the Notes Agent,
Additional Pari Passu Agent (if any) and the ABL Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event the Term Agent, the Notes
Agent, the Additional Pari Passu Agent (if any) or the ABL Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, (a) it shall be under no obligation
(i) to provide any such information to such other party or any other party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, or
(b) it makes no representation as to the accuracy or completeness of any such information and shall not be liable for any information contained therein, and (c) the Party receiving such information hereby to hold the other Party harmless
from any action the receiving Party may take or conclusion the receiving Party may reach or draw from any such information, as well as from and against any and all losses, claims, damages, liabilities, and expenses to which such receiving Party may
become subject arising out of or in connection with the use of such information. 
 Section 7.19 Amendment,
Restatement, Extension, Renewal and Consolidation of Existing Intercreditor Agreement. This Agreement shall be deemed to amend and restate the Existing Intercreditor Agreement and all terms and provisions of this Agreement supersede
in their entirety the terms and provisions of the Existing Intercreditor Agreement. 
 Section 7.20 Force
Majeure. In no event shall the Term Agent, Notes Agent, the Additional Pari Passu Agent (if any) and the ABL Agent be responsible or liable for any failure or delay in the performance of their obligations hereunder arising out of or
caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, it being understood that the Term Agent, Notes Agent, the Additional Pari Passu Agent (if any) and the ABL Agent shall use reasonable
efforts that are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

Section 7.21 Authority of Notes Collateral Agent. The Bank of New York Mellon has been appointed by the Notes
Agent for the Notes Secured Parties pursuant to Article 11 of the Indenture. It is expressly understood and agreed by the parties to this Agreement that any authority conferred upon the Notes Agent hereunder is subject to the terms of the delegation
of authority made by the holders of the Notes Secured Party to the Notes Collateral Agent pursuant to the Indenture, and that the Notes Agent has agreed to act (and any successor Notes Agent shall act) as such hereunder only on the express
conditions contained in such Article 11. Any successor Notes Agent appointed pursuant to Article 11 of the Indenture shall be entitled to all rights, interests and benefits of the Notes Agent hereunder. 

[Signature pages follow] 
  

 -38- 

 IN WITNESS WHEREOF, the ABL Agent, for and on behalf of itself and the ABL Lenders, the Term
Agent, for and on behalf of itself and the Term Lenders and the Notes Agent, for and on behalf of itself and the Notes Secured Parties, have caused this Agreement to be duly executed and delivered as of the date first above written. 

 

					
	BANK OF AMERICA, N.A., in its capacity as the ABL Agent
		
	By:	 	 /s/ Betsy Ratto

		 	Name:	 	Betsy Ratto
		 	Title:	 	Managing Director
	
	BANK OF AMERICA, N.A., in its capacity as the Term Agent
		
	By:	 	 /s/ Mollie S. Canup

		 	Name:	 	Mollie S. Canup
		 	Title:	 	Vice President
	
	THE BANK OF NEW YORK MELLON, in its capacity as the Notes Agent
		
	By:	 	 /s/ Raymond K. O’Neil

		 	Name:	 	Raymond K. O’Neil
		 	Title:	 	Senior Associate

 ACKNOWLEDGMENT 

Each ABL Loan Party and each Shared Collateral Loan Party hereby acknowledge that it has received a copy of this Agreement and consents
thereto, agrees to recognize all rights granted thereby to the ABL Agent, the ABL Secured Parties, the Shared Collateral Agents, and the Shared Collateral Secured Parties and will not do any act or perform any obligation which is not in accordance
with the agreements set forth in this Agreement. Each ABL Loan Party and each Shared Collateral Loan Party further acknowledge and agrees that it is not an intended beneficiary or third party beneficiary under this Agreement and (i) as between
the ABL Secured Parties and the ABL Loan Parties, the ABL Documents remain in full force and effect as written and are in no way modified hereby, (ii) as between the Term Secured Parties and the Term Loan Parties, the Term Documents remain in
full force and effect as written and are in no way modified hereby, (iii) as between the Notes Secured Parties and the Notes Parties, the Notes Documents remain in full force and effect as written and are in no way modified hereby and
(iv) as between the Additional Pari Passu Secured Parties and the Notes Parties, the Additional Pari Passu Documents remain in full force and effect as written and are in no way modified hereby. 

[Signature Pages Follow] 

					
	TOYS “R” US-DELAWARE, INC., as the ABL Lead Borrower, the Term Borrower and Notes Issuer
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	GEOFFREY, LLC, as a Term Guarantor and a Notes Guarantor
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	GEOFFREY HOLDINGS, LLC, as an ABL Guarantor, a Term Guarantor and a Notes Guarantor
		
	By:	 	TOYS “R” US-DELAWARE, INC.,
		 	its sole member
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	TOYS ACQUISITION, LLC,, as an ABL Guarantor, a Term Guarantor and a Notes Guarantor
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer

					
	GEOFFREY INTERNATIONAL, LLC, as a Term Guarantor and a Notes Guarantor
	
	By: Geoffrey, LLC, its sole member
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	TRU OF PUERTO RICO, INC., as an ABL Guarantor, a Term Guarantor and a Notes Guarantor
		
	By:	 	 /s/ Adil Mistry

		 	Name:	 	Adil Mistry
		 	Title:	 	Vice President-Treasurer
	
	TRU-SVC, LLC, as an ABL Guarantor, a Term Guarantor and a Notes Guarantor
		
	By:	 	 /s/ Joel Wiest

		 	Name:	 	Joel Wiest
		 	Title:	 	Manager

 EXHIBIT A 

JOINDER 

Reference is hereby made to the Intercreditor Agreement, dated as of August 24, 2010 (as amended, restated, supplemented or
otherwise modified from time to time, the “Agreement”), among the agents referred to therein, to which this Joinder is attached. All capitalized terms not otherwise defined herein shall have the meanings assigned to such terms in
the Agreement when used herein. The undersigned, in its capacity as [ABL Agent] [Notes Agent] [Term Agent] [Additional Pari Passu Agent] hereby acknowledges the terms and conditions of the Agreement and agrees to be bound thereby. [For all purposes
of the Agreement, [identify agreement] shall be an Additional Pari Passu Agreement thereunder.] 
  

			
	[ABL Agent] [Notes Agent] [Term Agent]
	[Additional Pari Passu Agent]
		
	By:	 	  

	Name:	 	  

	Title:Second Amended and Restated Credit Agreement

 Exhibit 10.1 

SECOND AMENDED AND RESTATED 

CREDIT AGREEMENT 

dated as of 

August 10, 2010 

TOYS “R” US-DELAWARE, INC. 

The Lead Borrower 

for 
 THE BORROWERS
PARTY HERETO 
 THE FACILITY GUARANTORS PARTY HERETO 

BANK OF AMERICA, N.A. 

as Administrative Agent 

BANK OF AMERICA, N.A. (acting through its Canada branch) 

as Canadian Agent 

BANK OF AMERICA, N.A. 

WELLS FARGO RETAIL FINANCE, LLC 

as Co-Collateral Agents 

THE LENDERS 

NAMED HEREIN 

WELLS FARGO RETAIL FINANCE, LLC 

JPMORGAN CHASE BANK, N.A. 

as Co-Syndication Agents 

CITIGROUP GLOBAL MARKETS INC. 

DEUTSCHE BANK AG NEW YORK BRANCH 

as Co-Documentation Agents 

BANC OF AMERICA SECURITIES LLC 

WELLS FARGO CAPITAL FINANCE, LLC 

JPMORGAN SECURITIES, INC. 

as Joint Lead Arrangers 

and 
 BANC OF
AMERICA SECURITIES LLC 
 WELLS FARGO CAPITAL FINANCE, LLC 

JPMORGAN SECURITIES, INC. 

CITIGROUP GLOBAL MARKETS INC. 

DEUTSCHE BANK SECURITIES INC. 

as Joint Bookrunners 

 TABLE OF CONTENTS 

 

					
	ARTICLE I	  	2
			
	    SECTION 1.01	  	Definitions.	  	2
	    SECTION 1.02	  	Terms Generally.	  	69
	    SECTION 1.03	  	Accounting Terms; GAAP.	  	70
	    SECTION 1.04	  	Times of Day.	  	70
		
	ARTICLE II Amount and Terms of Credit	  	70
			
	    SECTION 2.01	  	Commitment of the Lenders.	  	70
	    SECTION 2.02	  	Increase in Total Commitments.	  	71
	    SECTION 2.03	  	Reserves; Changes to Reserves.	  	74
	    SECTION 2.04	  	Making of Loans.	  	74
	    SECTION 2.05	  	Overadvances.	  	77
	    SECTION 2.06	  	Swingline Loans	  	77
	    SECTION 2.07	  	Notes.	  	78
	    SECTION 2.08	  	Interest on Revolving Credit Loans.	  	79
	    SECTION 2.09	  	Conversion and Continuation of Revolving Credit Loans.	  	80
	    SECTION 2.10	  	Alternate Rate of Interest for Revolving Credit Loans.	  	81
	    SECTION 2.11	  	Change in Legality.	  	82
	    SECTION 2.12	  	Default Interest.	  	83
	    SECTION 2.13	  	Letters of Credit.	  	83
	    SECTION 2.14	  	Increased Costs.	  	90
	    SECTION 2.15	  	Termination or Reduction of Commitments.	  	91
	    SECTION 2.16	  	Optional Prepayment of Loans; Reimbursement of Lenders.	  	92
	    SECTION 2.17	  	Mandatory Prepayment of Loans; Mandatory Reduction or Termination of Commitments; Cash Collateral.	  	94
	    SECTION 2.18	  	Cash Management.	  	97
	    SECTION 2.19	  	Fees.	  	100
	    SECTION 2.20	  	Maintenance of Loan Account; Statements of Account.	  	102
	    SECTION 2.21	  	Payments; Sharing of Setoff.	  	103
	    SECTION 2.22	  	Settlement Amongst Lenders	  	104
	    SECTION 2.23	  	Taxes.	  	106
	    SECTION 2.24	  	Mitigation Obligations; Replacement of Lenders.	  	109
	    SECTION 2.25	  	Designation of Lead Borrower as Domestic Borrowers’ Agent.	  	110
	    SECTION 2.26	  	Security Interests in Collateral.	  	111
		
	ARTICLE III Representations and Warranties	  	111
			
	    SECTION 3.01	  	Organization; Powers.	  	111
	    SECTION 3.02	  	Authorization; Enforceability.	  	112
	    SECTION 3.03	  	Governmental Approvals; No Conflicts.	  	112
	    SECTION 3.04	  	Financial Condition; No Material Adverse Effect.	  	112
	    SECTION 3.05	  	Properties.	  	113
	    SECTION 3.06	  	Litigation and Environmental Matters.	  	113
	    SECTION 3.07	  	Compliance with Laws and Agreements.	  	113
	    SECTION 3.08	  	Investment Company Status.	  	114
	    SECTION 3.09	  	Taxes.	  	114

  

 ii 

					
	    SECTION 3.10	  	ERISA.	  	114
	    SECTION 3.11	  	Disclosure.	  	114
	    SECTION 3.12	  	Subsidiaries.	  	115
	    SECTION 3.13	  	Insurance.	  	115
	    SECTION 3.14	  	Labor Matters.	  	115
	    SECTION 3.15	  	Security Documents.	  	116
	    SECTION 3.16	  	Federal Reserve Regulations.	  	116
	    SECTION 3.17	  	Solvency.	  	116
		
	ARTICLE IV Conditions	  	117
			
	    SECTION 4.01	  	Effective Date.	  	117
	    SECTION 4.02	  	Conditions Precedent to Each Loan and Each Letter of Credit.	  	118
		
	ARTICLE V Affirmative Covenants	  	119
			
	    SECTION 5.01	  	Financial Statements and Other Information.	  	119
	    SECTION 5.02	  	Notices of Material Events.	  	123
	    SECTION 5.03	  	Information Regarding Collateral.	  	124
	    SECTION 5.04	  	Existence; Conduct of Business.	  	124
	    SECTION 5.05	  	Payment of Obligations.	  	125
	    SECTION 5.06	  	Maintenance of Properties.	  	125
	    SECTION 5.07	  	Insurance.	  	125
	    SECTION 5.08	  	Books and Records; Inspection and Audit Rights; Appraisals; Accountants.	  	126
	    SECTION 5.09	  	Physical Inventories.	  	128
	    SECTION 5.10	  	Compliance with Laws.	  	128
	    SECTION 5.11	  	Use of Proceeds and Letters of Credit.	  	129
	    SECTION 5.12	  	Additional Subsidiaries.	  	129
	    SECTION 5.13	  	Further Assurances.	  	129
	    SECTION 5.14	  	Retention of Financial Consultant.	  	130
		
	ARTICLE VI Negative Covenants	  	130
			
	    SECTION 6.01	  	Indebtedness and Other Obligations.	  	130
	    SECTION 6.02	  	Liens.	  	130
	    SECTION 6.03	  	Fundamental Changes	  	131
	    SECTION 6.04	  	Investments, Loans, Advances, Guarantees and Acquisitions.	  	131
	    SECTION 6.05	  	Asset Sales.	  	131
	    SECTION 6.06	  	Restricted Payments; Certain Payments of Indebtedness.	  	131
	    SECTION 6.07	  	Transactions with Affiliates.	  	133
	    SECTION 6.08	  	Restrictive Agreements.	  	135
	    SECTION 6.09	  	Amendment of Material Documents.	  	136
	    SECTION 6.10	  	Availability.	  	136
	    SECTION 6.11	  	Fiscal Year.	  	136
	    SECTION 6.12	  	Designated Account.	  	136
		
	ARTICLE VII Events of Default	  	136
			
	    SECTION 7.01	  	Events of Default.	  	136
	    SECTION 7.02	  	Remedies on Default or Master Lease Liquidation Event.	  	140
	    SECTION 7.03	  	Application of Proceeds.	  	141
		
	ARTICLE VIII The Agents	  	143
			
	    SECTION 8.01	  	Appointment and Administration by Administrative Agent.	  	143

  

 iii 

					
	    SECTION 8.02	  	Appointment of Co-Collateral Agents.	  	144
	    SECTION 8.03	  	Appointment of Canadian Agent.	  	144
	    SECTION 8.04	  	Sharing of Excess Payments.	  	145
	    SECTION 8.05	  	Agreement of Applicable Lenders.	  	146
	    SECTION 8.06	  	Liability of Agents.	  	146
	    SECTION 8.07	  	Notice of Default.	  	147
	    SECTION 8.08	  	Credit Decisions.	  	148
	    SECTION 8.09	  	Reimbursement and Indemnification.	  	148
	    SECTION 8.10	  	Rights of Agents.	  	149
	    SECTION 8.11	  	Notice of Transfer.	  	149
	    SECTION 8.12	  	Successor Agents.	  	149
	    SECTION 8.13	  	Relation Among the Lenders.	  	150
	    SECTION 8.14	  	Reports and Financial Statements.	  	150
	    SECTION 8.15	  	Agency for Perfection.	  	151
	    SECTION 8.16	  	Delinquent Lender.	  	151
	    SECTION 8.17	  	Risk Participation.	  	153
	    SECTION 8.18	  	Collateral Matters.	  	154
	    SECTION 8.19	  	Co-Syndication Agents, Co-Documentation Agents, Arrangers and Bookrunners.	  	155
		
	ARTICLE IX Miscellaneous	  	155
			
	    SECTION 9.01	  	Notices.	  	155
	    SECTION 9.02	  	Waivers; Amendments.	  	156
	    SECTION 9.03	  	Expenses; Indemnity; Damage Waiver.	  	159
	    SECTION 9.04	  	Successors and Assigns.	  	160
	    SECTION 9.05	  	Survival.	  	164
	    SECTION 9.06	  	Counterparts; Integration; Effectiveness.	  	164
	    SECTION 9.07	  	Severability.	  	165
	    SECTION 9.08	  	Right of Setoff.	  	165
	    SECTION 9.09	  	Governing Law; Jurisdiction; Consent to Service of Process.	  	165
	    SECTION 9.10	  	WAIVER OF JURY TRIAL.	  	166
	    SECTION 9.11	  	Press Releases and Related Matters.	  	166
	    SECTION 9.12	  	Headings.	  	167
	    SECTION 9.13	  	Interest Rate Limitation.	  	167
	    SECTION 9.14	  	Additional Waivers.	  	167
	    SECTION 9.15	  	Confidentiality.	  	170
	    SECTION 9.16	  	Patriot Act; Proceeds of Crime Act.	  	171
	    SECTION 9.17	  	Foreign Asset Control Regulations.	  	172
	    SECTION 9.18	  	Limitation Of Canadian Loan Parties’ Liability.	  	172
	    SECTION 9.19	  	Judgment Currency.	  	172
	    SECTION 9.20	  	Language.	  	173
	    SECTION 9.21	  	Existing Credit Agreement Amended and Restated.	  	173

  

 iv 

 EXHIBITS 

 

			
	Exhibit A-1:	  	Form of Assignment and Acceptance (Domestic Lenders)
	Exhibit A-2:	  	Form of Assignment and Acceptance (Canadian Lenders)
	Exhibit B:	  	Form of Customs Broker Agreement
	Exhibit C-1:	  	Notice of Borrowing (Domestic Borrowers)
	Exhibit C-2:	  	Notice of Borrowing (Canadian Borrower)
	Exhibit D:	  	Revolving Credit Note to Domestic Lenders
	Exhibit E:	  	Revolving Credit Note to Canadian Lenders
	Exhibit F:	  	Swingline Note to Domestic Swingline Lender
	Exhibit G:	  	Swingline Note to Canadian Swingline Lender
	Exhibit H:	  	Form of Joinder
	Exhibit I:	  	Form of Credit Card Notification
	Exhibit J:	  	Form of Compliance Certificate
	Exhibit K:	  	Form of Borrowing Base Certificate
	Exhibit L:	  	Terms of Subordination
	Exhibit M:	  	Closing Agenda
	Exhibit N:	  	Form of Tri-Party Agreement

  

 v 

 SCHEDULES 

 

			
	Schedule 1.1:	  	Lenders and Commitments
	Schedule 1.2:	  	Non-Material Canadian Subsidiaries
	Schedule 1.3:	  	Non-Material Domestic Subsidiaries
	Schedule 1.4:	  	Propco
	Schedule 2.18(b):	  	Credit Card Arrangements
	Schedule 2.18(c)(ii):	  	Blocked Accounts
	Schedule 3.01:	  	Organization Information
	Schedule 3.05(c)(i):	  	Owned Real Estate
	Schedule 3.05(c)(ii):	  	Leased Real Estate
	Schedule 3.06(a):	  	Disclosed Matters
	Schedule 3.06(b):	  	Environmental Matters
	Schedule 3.12:	  	Subsidiaries; Joint Ventures
	Schedule 3.13:	  	Insurance
	Schedule 3.14:	  	Collective Bargaining Agreements
	Schedule 5.01(a):	  	Business Segment Reporting Requirements
	Schedule 5.01(i):	  	Reporting Requirements
	Schedule 6.01:	  	Existing Indebtedness
	Schedule 6.01(z):	  	Existing Joint Venture Guarantees
	Schedule 6.02:	  	Existing Encumbrances
	Schedule 6.04:	  	Existing Investments
	Schedule 6.04(g):	  	Investment Policy
	Schedule 6.07:	  	Affiliate Transactions

  

 vi 

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of August 10, 2010 among:

 TOYS “R” US-DELAWARE, INC., a corporation organized under the laws of the State of Delaware, with its
principal executive offices at One Geoffrey Way, Wayne, New Jersey, for itself and as agent (in such capacity, the “Lead Borrower”) for the other Domestic Borrowers now or hereafter party hereto; 

The DOMESTIC BORROWERS; 

TOYS “R” US (CANADA) LTD. TOYS “R” US (CANADA) LTEE (the “Canadian Borrower”), a corporation
organized under the laws of the Province of Ontario with its principal executive offices at 2777 Langstaff Road, Concord, Ontario L4K 4M5; 

The FACILITY GUARANTORS; 

BANK OF AMERICA, N.A., a national banking association, having a place of business at 100 Federal Street, Boston, Massachusetts
02110, as administrative agent (in such capacity, together with any replacement thereof pursuant to SECTION 8.12 hereof, the “Administrative Agent”) for its own benefit and the benefit of the other Secured Parties; 

BANK OF AMERICA, N.A. (acting through its Canada branch), a banking corporation carrying on business under the Bank Act (Canada),
having a place of business at 200 Front Street West, Toronto, Ontario, Canada M5V 3L2, as Canadian Administrative Agent (in such capacity, together with any replacement thereof pursuant to SECTION 8.12 hereof, the “Canadian Agent”)
for its own benefit and the benefit of the other Secured Parties; 
 BANK OF AMERICA, N.A., a national banking
association, having a place of business at 100 Federal Street, Boston, Massachusetts 02110, and WELLS FARGO RETAIL FINANCE, LLC, a Delaware limited liability company having a place of business at One Boston Place, 19th Floor, Boston,
Massachusetts 02108, as co-collateral agents (collectively, in such capacity, together with any replacement thereof pursuant to SECTION 8.12 hereof, the “Co-Collateral Agents”) for their own benefit and the benefit of the other
Secured Parties; 
 The LENDERS; 

WELLS FARGO RETAIL FINANCE, LLC and JPMORGAN CHASE BANK, N.A., as Co-Syndication Agents (the “Co-Syndication
Agents”); and 
 CITIGROUP GLOBAL MARKETS INC. and DEUTSCHE BANK AG NEW YORK BRANCH, as Co-Documentation
Agents (the “Co-Documentation Agents”); 
 in consideration of the mutual covenants herein contained and benefits to be derived
herefrom, the parties hereto agree as follows: 
  

 1 

 W I T N E S S E T H:

 WHEREAS, the Borrowers have entered into a Credit Agreement, dated as of July 21, 2005 (as amended and in effect prior
to June 24, 2009, the “Original Credit Agreement”), among such Borrowers, the “Lenders” as defined therein, Bank of America, N.A. as “Administrative Agent”, Bank of America, N.A. (acting through its Canada
branch) as “Canadian Agent”, Deutsche Bank Trust Company Americas as “Collateral Agent” and the other agents and parties thereto; and 

WHEREAS, the Borrowers previously amended and restated the Original Credit Agreement by entering into an Amended and Restated Credit
Agreement, dated as of June 24, 2009 (as amended and in effect prior to the Effective Date, the “Existing Credit Agreement”), among such Borrowers, the other “Loan Parties” as defined therein, Bank of America N.A., as
“Administrative Agent”, Bank of America, N.A. (acting through its Canada branch) as “Canadian Agent”, and Bank of America, N.A. and Wells Fargo Retail Finance, LLC, as “Co-Collateral Agents”, the “Lenders” as
defined therein and the other agents and parties thereto; and 
 WHEREAS, in accordance with SECTION 9.02 of the Existing Credit
Agreement, the Borrowers, the Lenders, the Agents and the Canadian Agent desire to amend and restate the Existing Credit Agreement as provided herein. 

NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth in this Agreement, and for good and valuable consideration, the
receipt of which is hereby acknowledged, the undersigned hereby agree that the Existing Credit Agreement shall be amended and restated in its entirety to read as follows (it being agreed that this Agreement shall not be deemed to evidence or result
in a novation or repayment and reborrowing of the Obligations under the Existing Credit Agreement): 
 ARTICLE I 

SECTION 1.01 Definitions. 

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

“2011 Notes” has the meaning assigned to such term in the definition of “Indentures.” 

“2013 Notes” has the meaning assigned to such term in the definition of “Indentures.” 

“ACH” means automated clearing house transfers. 

“Accelerated Borrowing Base Delivery Event” means the occurrence of any of the following: (a) the occurrence and
continuance of any Specified Default or (b) the failure of the Borrowers to maintain Excess Availability of at least $175,000,000. 

“Access Agreement” means (a) that certain Intercreditor Agreement (Pool A), dated as of July 21, 2005, between
the Administrative Agent and Giraffe Properties, LLC (n/k/a Toys “R” Us Property Company II, LLC) and (b) that certain Intercreditor Agreement (Pool B), dated as of July 21, 2005, between the Administrative Agent and MPO
Properties, LLC. 
  

 2 

 “Accommodation Payment” has the meaning provided in SECTION 9.14.

 “Account(s)” means “accounts” as defined in the UCC, and also means a right to payment of a
monetary obligation, whether or not earned by performance, (a) for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of, (b) for services rendered or to be rendered, or (c) arising out of the
use of a credit or charge card or information contained on or for use with the card. The term “Account” does not include (a) rights to payment evidenced by chattel paper or an instrument, (b) commercial tort claims,
(c) deposit accounts, (d) investment property, (e) letter-of-credit rights or letters of credit, or (f) rights to payment for money or funds advanced other than rights arising out of the use of a credit or charge card or
information contained on or for use with the card. 
 “Acquisition” means, with respect to a specified Person,
(a) an Investment in or a purchase of a 50% or greater interest in the Capital Stock of any other Person, (b) a purchase or acquisition of all or substantially all of the assets of any other Person, or (c) any merger or consolidation
of such Person with any other Person, in each case in any transaction or group of transactions which are part of a common plan. 

“Additional Commitment Lender” shall have the meaning provided in SECTION 2.02. 

“Adjusted LIBO Rate” means, with respect to any LIBO Borrowing for any Interest Period, an interest
rate per annum (rounded upwards, if necessary, to the next
 1/100 of one percent) equal to (a) the LIBO
Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. 
 “Adjusted Payment
Conditions” means, at the time of determination with respect to a specified transaction or payment, that (a) no Specified Default then exists or would arise as a result of the entering into of such transaction or the making of such
payment and (b) after giving effect to such transaction or payment, the Pro Forma Availability Condition has been satisfied and the Consolidated Fixed Charge Coverage Ratio, as calculated on a trailing twelve months basis after giving effect to
such transaction or payment, is greater than 1.1:1.0. Prior to undertaking any transaction or payment which is subject to the Adjusted Payment Conditions, the Loan Parties shall deliver to the Administrative Agent evidence of satisfaction of the
conditions contained in clause (b) above on a basis reasonably satisfactory to the Administrative Agent. 

“Administrative Agent” has the meaning provided in the preamble to this Agreement. 

“Advisory Fees” means annual advisory fees, closing fees and transaction fees payable by the Loan Parties pursuant to
the Advisory Agreement, but not to exceed the amounts payable thereunder as in effect on the Closing Date. 
 “Advisory
Agreement” means the Advisory Agreement dated as of July 21, 2005 by and among the Parent, Bain Capital Partners, LLC, Bain Capital, Ltd., Toybox Holdings, LLC and Vornado Truck LLC, as amended and in effect from time to time in a
manner not prohibited hereunder. 
  

 3 

 “Affiliate” means, with respect to a specified Person, any other Person
that directly or indirectly through one or more intermediaries Controls, is Controlled by or is under common Control with the Person specified. 

“Agents” means collectively, the Administrative Agent and the Co-Collateral Agents. 

“Agreement” means this Amended and Restated Credit Agreement, as modified, amended, supplemented or restated, and in
effect from time to time. 
 “Agreement Value” means for each Hedge Agreement, on any date of determination, an
amount determined by the Administrative Agent in its reasonable discretion equal to: 
 (a) In the case of a
Hedge Agreement documented pursuant to an ISDA Master Agreement, the amount, if any, that would be payable by any Loan Party to its counterparty to such Hedge Agreement, as if (i) such Hedge Agreement was being terminated early on such date of
determination, (ii) such Loan Party was the sole “Affected Party” (as therein defined) and (iii) the Administrative Agent was the sole party determining such payment amount (with the Administrative Agent making such determination
pursuant to the provisions of the form of ISDA Master Agreement); 
 (b) In the case of a Hedge Agreement traded
on an exchange, the mark-to-market value of such Hedge Agreement, which will be the unrealized loss on such Hedge Agreement to the Loan Party which is party to such Hedge Agreement, determined by the Administrative Agent based on the settlement
price of such Hedge Agreement on such date of determination; or 
 (c) In all other cases, the mark-to-market
value of such Hedge Agreement, which will be the unrealized loss on such Hedge Agreement to the Loan Party that is party to such Hedge Agreement determined by the Administrative Agent as the amount, if any, by which (i) the present value of the
future cash flows to be paid by such Loan Party exceeds (ii) the present value of the future cash flows to be received by such Loan Party, in each case pursuant to such Hedge Agreement. 

“Applicable Law” means, as to any Person: (a) all laws, statutes, rules, regulations, orders, codes, ordinances or
other requirements having the force of law; and (b) all court orders, decrees, judgments, injunctions, notices, binding agreements and/or rulings, in each case of or by any Governmental Authority which has jurisdiction over such Person, or any
property of such Person. 
 “Applicable Lenders” means the Required Lenders, the Supermajority Lenders, or all
Lenders, as applicable. 
 “Applicable Margin” means: 

(a) From and after the Effective Date until January 29, 2011, the percentages set forth in Level II of the pricing
grid below; and 
  

 4 

 (b) On the first day of each Fiscal Quarter thereafter (each, an
“Adjustment Date”), commencing with the Fiscal Quarter beginning on or about January 30, 2011, the Applicable Margin shall be determined from the pricing grid below based upon average daily outstanding Credit Extensions for the
most recently ended three month period immediately preceding such Adjustment Date, provided that if any Borrowing Base Certificates are at any time restated or otherwise revised (including as a result of an audit) or if the information set
forth in any Borrowing Base Certificates otherwise proves to be false or incorrect such that the Applicable Margin would have been higher than was otherwise in effect during any period, without constituting a waiver of any Default or Event of
Default arising as a result thereof, interest due under this Agreement shall be immediately recalculated at such higher rate for any applicable periods and shall be due and payable on demand. 

 

															
	 Level
	  	 Average Daily

Outstanding Credit

Extensions
	  	LIBO
Applicable
Margin	 	 	Prime Rate and
Canadian Prime
Rate Applicable
Margin	 	 	BA
Equivalent
Loans	 	 	LIBO Loans
to the
Canadian
Borrower
made in
Dollars	 
	 I
	  	Less than $600,000,000	  	2.50	% 	 	1.50	% 	 	2.50	% 	 	2.50	% 
	 II
	  	Greater than or equal to $600,000,000 but less than or equal to $1,300,000,000	  	2.75	% 	 	1.75	% 	 	2.75	% 	 	2.75	% 
	 III
	  	Greater than $1,300,000,000	  	3.00	% 	 	2.00	% 	 	3.00	% 	 	3.00	% 

“Appraised Value” means the Average Seasonal Net Appraised Recovery Value of the Borrowers’ Inventory as set forth
in the Borrowers’ stock ledger (expressed as a percentage of the Cost of such Inventory) as determined from time to time by reference to the most recent appraisal received by the Agents conducted by an independent appraiser reasonably
satisfactory to the Agents. Initially, the Appraised Value shall be separately established for TRU Inventory and BRU Inventory; in the event that the Lead Borrower and the Agents so agree, the Appraised Value may be determined through a combined
appraisal of the TRU Inventory and BRU Inventory. 
 “Approved Fund” means any Fund that is administered or
managed by (a) a Credit Party, (b) an Affiliate of a Credit Party (c) an entity or an Affiliate of an entity that administers or manages a Credit Party, or (d) the same investment advisor or an advisor under common control with
such Credit Party or advisor, as applicable. 
 “Arrangers” means, collectively, Banc of America Securities
LLC, Wells Fargo Capital Finance, LLC and JPMorgan Securities, Inc. 
 “Assignment and Acceptance” means an
assignment and acceptance entered into by a Lender and an assignee (with the consent of any party whose consent is required by SECTION 9.04), and accepted by the Administrative Agent, in the form of Exhibit A-1 or Exhibit A-2, as
applicable, or any other form approved by the Administrative Agent. 
  

 5 

 “Availability Reserves” means, without duplication of any other Reserves or
items that are otherwise addressed or excluded through eligibility criteria, such reserves as any Co-Collateral Agent (after consultation with the other Co-Collateral Agent) from time to time determines in its reasonable commercial discretion
exercised in good faith as being appropriate (a) to reflect any impediments to the realization upon the Collateral included in the Tranche A Borrowing Base or Canadian Borrowing Base, (b) to reflect claims and liabilities that any
Co-Collateral Agent (after consultation with the other Co-Collateral Agent) determines will need to be satisfied in connection with the realization upon such Collateral, or (c) to reflect criteria, events, conditions, contingencies or risks
which adversely affect any component of the Tranche A Borrowing Base, the Canadian Borrowing Base or the Collateral or the validity or enforceability of this Agreement or the other Loan Documents or any of the material rights or remedies of the
Secured Parties hereunder or thereunder. Upon the determination by any Co-Collateral Agent (after consultation with the other Co-Collateral Agent) that an Availability Reserve should be established or modified, the Co-Collateral Agents shall notify
the Administrative Agent in writing and the Administrative Agent shall thereupon establish or modify such Availability Reserve, subject to the other provisions of this Agreement. In the event that the Co-Collateral Agents do not agree on the
establishment or amount of Reserves to be imposed, the Administrative Agent shall nevertheless undertake such action with respect thereto as any Co-Collateral Agent may request (subject to the other provisions of this Agreement); provided
that the amount of Reserves established or increased by any Co-Collateral Agent in the event of any such disagreement may not exceed $35,000,000 in the aggregate at any time outstanding for all such disagreements; and further provided that
the Administrative Agent may not, without the prior consent of such Co-Collateral Agent, reduce or eliminate any such Reserves established under this sentence; and further provided that if the Co-Collateral Agents subsequently agree on the
establishment or amount of Reserves to be imposed after their initial disagreement, the Reserves so established upon such agreement shall not be subject to the first proviso hereof and shall not be included in calculating the amount of Reserves
permitted under such first proviso. 
 “Average Seasonal Net Appraised Recovery Value” means the average
monthly net appraised recovery value (expressed as a percentage of Cost) of the Borrowers’ Inventory during the High Selling Period or the Low Selling Period, as applicable. 

“BA Equivalent Loan” shall mean any Loan in CD$ bearing interest at a rate determined by reference to the BA Rate in
accordance with the provisions of Article II. 
 “BA Equivalent Loan Borrowing” shall mean any Borrowing
comprised of BA Equivalent Loans. 
 “BA Rate” means, for the Interest Period of each BA Equivalent Loan, the
rate of interest per annum equal to the annual rates applicable to CD$ Bankers’ Acceptances having an identical or comparable term as the proposed BA Equivalent Loan displayed and identified as such on the display referred to as the “CDOR
Page” (or any display substituted therefor) of Reuter Monitor Money Rates Service as at approximately 10:00 A.M. on such day (or, if such day is not a 

 

 6 

 
Business Day, as of 10:00 A.M. on the immediately preceding Business Day), plus five (5) basis points; provided that if such rates do not appear on the CDOR Page at such time
on such date, the rate for such date will be the annual discount rate (rounded upward to the nearest whole multiple of
 1/100 of 1%) as of 10:00 A.M. on such day at which
a Canadian chartered bank listed on Schedule 1 of the Bank Act (Canada) as selected by the Canadian Agent is then offering to purchase CD$ Bankers’ Acceptances accepted by it having such specified term (or a term as closely as possible
comparable to such specified term), plus five (5) basis points. 
 “Bank of America” means Bank of
America, N.A., a national banking association, and its Subsidiaries, Affiliates and branches. 
 “Bank of America-Canada
Branch” means Bank of America, N.A. (acting through its Canada branch). 
 “Bank Products” means any
services or facilities provided to any Loan Party by any Lender or any of its Affiliates on account of each Hedge Agreement that (a) is in effect on the Effective Date with a counterparty that is a Credit Party as of the Effective Date or
(b) is entered into after the Effective Date with any counterparty that is a Credit Party at the time such Hedge Agreement is entered into. 

“Bankruptcy Code” means each of (i) Title 11, U.S.C., as now or hereafter in effect, or any successor thereto, and
(ii) the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada) and the Winding-up and Restructuring Act (Canada), as now or hereafter in effect, or any successor thereto. 

“BAS” means Banc of America Securities LLC and its successors. 

“BBA LIBOR” has the meaning assigned to such term in the definition of “LIBO Rate.” 

“Blocked Account” has the meaning provided in SECTION 2.18(c). 

“Blocked Account Agreement” has the meaning provided in SECTION 2.18(c). 

“Blocked Account Banks” means the banks with whom deposit accounts are maintained in which material amounts (as
reasonably determined by the Co-Collateral Agents) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

 “Board” means the Board of Governors of the Federal Reserve System of the United States of America.

 “Bookrunners” means, collectively, Banc of America Securities LLC, Well Fargo Capital Finance, LLC, JPMorgan
Securities, Inc., Citigroup Global Markets Inc., and Deutsche Bank Securities Inc. 
 “Borrower” means the Lead
Borrower, each other Domestic Borrower and the Canadian Borrower; “Borrowers” shall mean, collectively, the Domestic Borrowers and the Canadian Borrower. 

 

 7 

 “Borrowing” means (a) the incurrence of Revolving Credit Loans of a
single Type, on a single date and having, in the case of LIBO Loans and BA Equivalent Loans, a single Interest Period, or (b) a Swingline Loan. 

“Borrowing Base Certificate” has the meaning provided in SECTION 5.01(f). 

“Borrowing Request” means a request by the Lead Borrower on behalf of any of the Domestic Borrowers or by the Canadian
Borrower for a Borrowing in accordance with SECTION 2.04. 
 “Breakage Costs” has the meaning provided in
SECTION 2.16(b). 
 “BRU Inventory” means all Inventory of the Loan Parties which is offered for sale (or is
designated for sale) at any “Babies “R” Us” Store, including, but not limited to, any such Inventory held for sale in internet and other direct sales, and all Inventory of the Loan Parties specifically designated as “Babies
“R” Us” Inventory at any distribution center or warehouse maintained by the Loan Parties. 
 “Business
Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in Boston, Massachusetts are authorized or required by law to remain closed; provided, however, that when used in connection with a LIBO
Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market; provided further that, when used in connection with any Loan to the Canadian
Borrower, the term “Business Day” shall also exclude any day on which banks are authorized or required by law to be closed in Toronto, Ontario, Canada. 

“Canadian Agent” has the meaning set forth in the preamble hereto. 

“Canadian Availability” means, at any time of calculation, the lesser of (a) or (b), where: 

(a) is the result of: 

(i) the Canadian Credit Ceiling, 

Minus 

(ii) The aggregate outstanding amount of Credit Extensions to, or for the account of, the Canadian Borrower, 

(b) is the result of: 

(i) The Canadian Borrowing Base, 

Minus 

(ii) The aggregate unpaid balance of Credit Extensions to, or for the account of, the Canadian Borrower. 

 

 8 

 In calculating Canadian Availability at any time and for any purpose under this Agreement,
any amount calculated or referenced in dollars shall also refer to the equivalent amount in CDN$. 
 “Canadian
Borrower” means Toys “R” Us (Canada) Ltd. Toys “R” Us (Canada) Ltee, a corporation organized under the laws of the Province of Ontario. 

“Canadian Borrowing Base” means, at any time of calculation, an amount equal to the Equivalent Amount in dollars of:

 (a) the face amount of Eligible Credit Card Receivables of the Canadian Loan Parties multiplied by
ninety percent (90%); 
 plus 

(b) the Cost of Eligible Inventory (other than Eligible In-Transit Inventory) of the Canadian Loan Parties consisting of
TRU Inventory, net of Inventory Reserves, multiplied by the Inventory Advance Rate for TRU Inventory, multiplied by the Appraised Value of Eligible Inventory (other than Eligible In-Transit Inventory) of the Canadian Loan Parties
consisting of TRU Inventory; 
 plus 

(c) (i) prior to the time that more than ten (10) “Babies “R” Us” Stores are operating in Canada
and the BRU Inventory in Canada has been separately appraised, the Cost of Eligible Inventory (other than Eligible In-Transit Inventory) of the Canadian Loan Parties consisting of BRU Inventory, net of Inventory Reserves, multiplied by the
Inventory Advance Rate for TRU Inventory multiplied by the Appraised Value of Eligible Inventory (other than Eligible In-Transit Inventory) of the Canadian Loan Parties consisting of TRU Inventory; and (ii) after more than ten
(10) “Babies “R” Us” Stores are operating in Canada and the BRU Inventory in Canada has been separately appraised, the Cost of Eligible Inventory (other than Eligible In-Transit Inventory) of the Canadian Loan Parties
consisting of BRU Inventory, net of Inventory Reserves, multiplied by the Inventory Advance Rate for BRU Inventory, multiplied by the Appraised Value of Eligible Inventory (other than Eligible In-Transit Inventory) of the Canadian Loan
Parties consisting of BRU Inventory; 
 plus 

(d) the Cost of Eligible In-Transit Inventory of the Canadian Loan Parties consisting of TRU
Inventory, net of Inventory Reserves, multiplied by the Inventory Advance Rate for TRU Inventory, multiplied by the Appraised Value of Eligible In-Transit Inventory of the Canadian Loan Parties consisting of TRU Inventory;
provided that in no event shall the amounts available to be borrowed pursuant to this clause (d), together with amounts available to be advanced under clause (e) of this definition and clauses (d) and (e) of the
definition of “Tranche A Borrowing Base”, exceed
12  1/2% of the Combined Borrowing Base in the
aggregate; 
  

 9 

 plus 

(e) (i) prior to the time that more than ten (10) “Babies “R” Us” Stores are
operating in Canada and the BRU Inventory in Canada has been separately appraised, the Cost of Eligible In-Transit Inventory of the Canadian Loan Parties consisting of BRU Inventory, net of Inventory Reserves, multiplied by the Inventory
Advance Rate for TRU Inventory multiplied by the Appraised Value of Eligible In-Transit Inventory of the Canadian Loan Parties consisting of TRU Inventory; and (ii) after more than ten (10) “Babies “R” Us” Stores
are operating in Canada and the BRU Inventory in Canada has been separately appraised, the Cost of Eligible In-Transit Inventory of the Canadian Loan Parties consisting of BRU Inventory, net of Inventory Reserves, multiplied by the Inventory
Advance Rate for BRU Inventory, multiplied by the Appraised Value of Eligible In-Transit Inventory of the Canadian Loan Parties consisting of BRU Inventory; provided that in no event shall the amounts available to be borrowed
pursuant to this clause (e), together with amounts available to be advanced under clause (d) of this definition and clauses (d) and (e) of the definition of “Tranche A Borrowing Base”, exceed
12  1/2% of the Combined Borrowing Base;

 plus 

(f) the lesser of (i) the FMV of Eligible Real Estate of the Canadian Loan Parties, less the Canadian Realty
Reserves, multiplied by fifty percent (50%), or (ii) $75,000,000; 
 minus 

(g) the then amount of all Availability Reserves and, as long as Eligible Real Estate is included in the Canadian
Borrowing Base, Canadian Sales Reserves. 
 “Canadian Commitment” shall mean, with respect to each Canadian
Lender, the commitment of such Canadian Lender hereunder to make Credit Extensions to the Canadian Borrower in the amount set forth opposite its name on Schedule 1.1 hereto or as may subsequently be set forth in the Register from time to
time, as the same may be increased from time to time pursuant to SECTION 2.02 or reduced from time to time pursuant to SECTION 2.15 and SECTION 2.17. 

“Canadian Commitment Percentage” shall mean, with respect to each Canadian Lender, that percentage of the Canadian
Commitments of all Canadian Lenders hereunder to make Credit Extensions to the Canadian Borrower in the amount set forth opposite its name on Schedule 1.1 hereto or as may subsequently be set forth in the Register from time to time, as the
same may be increased from time to time pursuant to SECTION 2.02 or reduced from time to time pursuant to SECTION 2.15 and SECTION 2.17. 

“Canadian Concentration Account” has the meaning provided in SECTION 2.18(d). 

“Canadian Credit Ceiling” means, initially, $200,000,000, as such amount may be increased from time to time pursuant to
SECTION 2.02 or decreased from time to time pursuant to SECTION 2.15 and SECTION 2.17. 
  

 10 

 “Canadian Excess Availability” means (a) the lesser of (i) the
Canadian Commitments or (ii) the Canadian Borrowing Base minus (b) the outstanding Credit Extensions to the Canadian Borrower. 

“Canadian Lenders” means the Lenders having Canadian Commitments from time to time or at any time. Any Person may be a
Canadian Lender only if (i) it is a financial institution that is listed on Schedule I, II or III of the Bank Act (Canada) or is not a foreign bank for purposes of the Bank Act (Canada), and if such financial institution is not
resident in Canada and is not deemed to be resident in Canada for purposes of the Income Tax Act (Canada), then such financial institution deals at arm’s length with each Canadian Loan Party for purposes of the Income Tax Act
(Canada), and (ii) it or any of its Affiliates also has Domestic Commitments in an amount at least equal to its Canadian Commitment. 

“Canadian Letter of Credit” shall mean a Letter of Credit that is issued pursuant to this Agreement for the account of
the Canadian Borrower. 
 “Canadian Letter of Credit Outstandings” shall mean, at any time, the sum of
(a) with respect to Canadian Letters of Credit outstanding at such time, the aggregate maximum amount that then is, or at any time thereafter may become, available for drawing or payment thereunder plus, without duplication, (b) all
amounts theretofore drawn or paid under Canadian Letters of Credit for which the applicable Issuing Bank has not then been reimbursed. 

“Canadian Letter of Credit Sublimit” means $30,000,000. 

“Canadian Liabilities” means (a) (i) the principal of, and interest on, the Loans made hereunder to, or for
the benefit of, the Canadian Borrower or any of its Subsidiaries, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise (including all interest that accrues after the commencement of any case
or proceeding by or against the Canadian Borrower or any of its Subsidiaries under the Bankruptcy Code, whether or not allowed in such case or proceeding), (ii) other amounts owing by the Canadian Borrower or any of its Subsidiaries under this
Agreement and the other Loan Documents in respect of any Canadian Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral, and (iii) all
other monetary obligations, including fees, costs, expenses and indemnities (including all fees, costs, expenses and indemnities that accrue after the commencement of any case or proceeding by or against the Canadian Borrower or any of its
Subsidiaries under the Bankruptcy Code, whether or not allowed in such case or proceeding), whether primary, secondary, direct, contingent, fixed or otherwise, of the Canadian Borrower or any of its Subsidiaries to any of the Secured Parties under
this Agreement and the other Loan Documents, (b) the due and punctual payment and performance of all covenants, agreements, obligations and liabilities of the Canadian Borrower or any of its Subsidiaries under or pursuant to this Agreement or
the other Loan Documents, and (c) any Cash Management Services or Bank Products entered into or furnished to the Canadian Borrower or any of its Subsidiaries. 

“Canadian Loan Party” means the Canadian Borrower and each Canadian Subsidiary which becomes a Loan Party pursuant to
the terms of SECTION 5.12. 
  

 11 

 “Canadian Loans” means, collectively, the Loans made by the Canadian
Lenders pursuant to ARTICLE II. 
 “Canadian Overadvance” means a Credit Extension to the Canadian Borrower to
the extent that, immediately after the making of such Credit Extension, Canadian Availability is less than zero. 

“Canadian Prime Rate” means, for any day, the higher of: (a) the rate of interest publicly announced from time to
time by Bank of America-Canada Branch as its reference rate of interest for loans made either (i) in CD$ to Canadian customers and designated as its “prime” rate, or (ii) in dollars to Canadian customers and designated as its
“base rate”; or (b) the Adjusted LIBO Rate (calculated utilizing the LIBO Rate for a one-month Interest Period) plus one percent (1.00%) per annum. The “prime” rate or “base rate”, as applicable, is a
rate set by Bank of America-Canada Branch based upon various factors, including Bank of America-Canada Branch’s costs and desired return, general economic conditions and other factors and is used as a reference point for pricing some loans. If
for any reason the Canadian Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the LIBO Rate for any reason, including the inability or failure of the Canadian Agent to obtain
sufficient quotations thereof in accordance with the terms hereof, the Canadian Prime Rate shall be determined without regard to clause (a)(i) of the definition of Adjusted LIBO Rate until the circumstances giving rise to such inability no longer
exist. Any change in the Canadian Prime Rate due to a change in Bank of America-Canada Branch’s “prime” rate or “base rate”, as applicable, or the Adjusted LIBO Rate shall be effective on the effective date of such change in
Bank of America-Canada Branch’s “prime” rate or “base rate”, as applicable, or the Adjusted LIBO Rate, respectively. 

“Canadian Realty Reserves” means, without duplication of any other Reserves, such reserves as any Co-Collateral Agent
(after consultation with the other Co-Collateral Agent) from time to time determines in its reasonable commercial discretion exercised in good faith as being appropriate to reflect any impediments to the realization upon any Collateral consisting of
Eligible Real Estate of the Canadian Loan Parties (including, without limitation, claims that any Co-Collateral Agent (after consultation with the other Co-Collateral Agent) determines will need to be satisfied in connection with the realization
upon such Eligible Real Estate and any Environmental Compliance Reserve with respect to such Eligible Real Estate). Canadian Realty Reserves shall include, without limitation, a reserve in an amount equal to ten percent (10%) of the FMV of any
Eligible Real Estate of the Canadian Borrower which is subject to a right of first refusal or similar right to which the Mortgage in favor of the Canadian Agent is subject. 

“Canadian Sales Reserve” means a Reserve in an amount equal to 10% of the FMV of each parcel of Eligible Real Estate
sold by the Canadian Loan Parties not constituting Excess Canadian Real Estate; provided that the maximum aggregate Canadian Sales Reserve shall not exceed $10,000,000. 

“Canadian Security Documents” means the General Security Agreement, Mortgages, and the deed of hypothec charging the
universality of moveable property, in each case granted by the Canadian Borrower and each other Canadian Loan Party in favor of the Canadian Agent. 
  

 12 

 “Canadian Subsidiary” means any Subsidiary of the Canadian Borrower
organized under the laws of Canada or any province thereof. 
 “Canadian Swingline Loan Ceiling” means
$20,000,000, as such amount may be increased or reduced in accordance with the provisions of this Agreement. 

“Canadian Total Commitment Increase Amount” means, as of any proposed Commitment Increase Date, $150,000,000
minus the aggregate amount of Commitment Increases of the Canadian Commitments from and after the Effective Date to and including such Commitment Increase Date; provided that in no event shall the Total Commitments exceed
$2,500,000,000 at any time. 
 “Canadian Total Commitments” means the aggregate of the Canadian Commitments of
all Canadian Lenders. On the Effective Date, the Canadian Total Commitments are $200,000,000. 
 “Canadian Unused
Fee” has the meaning provided in SECTION 2.19(c). 
 “Capital Expenditures” means, with respect to the
Loan Parties for any period, the additions to property, plant and equipment and other capital expenditures of the Loan Parties that are (or would be) set forth in a Consolidated statement of cash flows of the Loan Parties for such period prepared in
accordance with GAAP; provided that “Capital Expenditures” shall not include (i) any additions to property, plant and equipment and other capital expenditures made with (A) the proceeds of any equity securities
issued or capital contributions received, or Indebtedness borrowed (excluding borrowings under this Agreement, the Term Loan, or the Permanent Financing Facility) by any Loan Party or any Subsidiary in connection with such capital expenditures,
(B) the proceeds from any casualty insurance or condemnation or eminent domain, to the extent that the proceeds therefrom are utilized for capital expenditures within twelve months of the receipt of such proceeds, (C) the proceeds from any
sale or other disposition of any Loan Party’s assets (other than assets constituting Collateral consisting of Inventory, Accounts, and Eligible Real Estate and the proceeds thereof), to the extent that the proceeds therefrom are utilized for
capital expenditures within twelve months of the receipt of such proceeds, (ii) any portion of the purchase price of a Permitted Acquisition which is allocated to property, plant or equipment acquired as part of such Permitted Acquisition, or
(iii) any expenditures which are contractually required to be, and are, reimbursed to the Loan Parties in cash by a third party (including landlords) during such period of calculation. 

“Capital Lease Obligations” means, with respect to any Person for any period, the obligations of such Person to pay rent
or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such
Person under GAAP; for purposes of this Agreement, the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP consistently applied with the principles existing on the Effective Date. 

“Capital Stock” means, as to any Person that is a corporation, the authorized shares of such Person’s capital
stock, including all classes of common, preferred, voting and nonvoting 
  

 13 

 
capital stock, and, as to any Person that is not a corporation or an individual, the membership or other ownership interests in such Person, including, without limitation, the right to share in
profits and losses, the right to receive distributions of cash and other property, and the right to receive allocations of items of income, gain, loss, deduction and credit and similar items from such Person, whether or not such interests include
voting or similar rights entitling the holder thereof to exercise Control over such Person, collectively with, in any such case, all warrants, options and other rights to purchase or otherwise acquire, and all other instruments convertible into or
exchangeable for, any of the foregoing. 
 “Cash Collateral Account” means an interest bearing account
established by the Loan Parties (other than the Canadian Borrower and its Subsidiaries) with the Administrative Agent, for its own benefit and the benefit of the other Secured Parties, at Bank of America under the sole and exclusive dominion and
control of the Administrative Agent, in the name of the Administrative Agent or as the Administrative Agent shall otherwise direct, in which deposits are required to be made in accordance with this Agreement, and, in the case of the Canadian
Borrower and its Subsidiaries, an interest bearing account established by the Canadian Borrower and its Subsidiaries with the Canadian Agent, for its own benefit and the benefit of the other Secured Parties, at Bank of America-Canada Branch under
the sole and exclusive dominion and control of the Canadian Agent, in the name of the Canadian Agent or as the Canadian Agent shall otherwise direct, in which deposits are required to be made in accordance with this Agreement. 

“Cash Collateralize” has the meaning provided in SECTION 2.13(j). 

“Cash Dominion Event” means the occurrence of any of the following: (a) the occurrence and continuance of any
Specified Default; (b) the failure of the Borrowers to maintain Excess Availability for any three (3) days (whether or not consecutive) during any thirty (30) day period of at least $150,000,000; or (c) the failure of the
Borrowers to maintain Excess Availability at any time of at least $130,000,000. For purposes of this Agreement, the occurrence of a Cash Dominion Event shall be deemed continuing (A) so long as such Specified Default has not been cured or
waived, (B) if the Cash Dominion Event arises as a result of the Borrowers’ failure to maintain Excess Availability as required pursuant to clause (b) hereunder, until Excess Availability has exceeded $150,000,000 for thirty
(30) consecutive days, or (C) if the Cash Dominion Event arises as a result of the Borrowers’ failure to maintain Excess Availability as required pursuant to clause (c) hereunder, until Excess Availability has exceeded the
$130,000,000 for thirty (30) consecutive days; provided that a Cash Dominion Event may not be so cured on more than two (2) occasions in any period of 365 consecutive days. 

“Cash Management Reserves” means such reserves as any Co-Collateral Agent (after consultation with the other
Co-Collateral Agent), from time to time after the occurrence and during the continuation of a Cash Dominion Event, determines in its reasonable commercial discretion exercised in good faith as being appropriate to reflect the reasonably anticipated
liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding. 

“Cash Management Services” means any one or more of the following types of services or facilities provided to any Loan
Party by any Lender or any of its Affiliates: (a) ACH 
  

 14 

 
transactions; (b) cash management services, including, without limitation, controlled disbursement services, treasury, depository, overdraft and electronic funds transfer services;
(c) foreign exchange facilities; (d) credit card processing services; (e) purchase cards; and (f) credit or debit cards. 

“Cash Receipts” has the meaning provided in SECTION 2.18(d). 

“CD$” means Canadian dollars. 

“CERCLA” means the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. § 9601 et seq.

 “Change in Control” means, at any time: 

(a) occupation of a majority of the seats (other than vacant seats) on the board of directors (or other body exercising
similar management authority) of the Parent by Persons who were neither (i) nominated by the board of directors of the Parent (or prior to the consummation of a Qualifying IPO, the Sponsor) nor (ii) appointed by directors so nominated; or

 (b) after the consummation of a Qualifying IPO, any person or “group” (within the meaning of the
Securities and Exchange Act of 1934, as amended), other than any one or more of the Sponsor Group, is or becomes the beneficial owner (within the meaning of Rule 13d-3 or 13d-5 of the Securities and Exchange Act of 1934, as amended, except that such
person shall be deemed to have “beneficial ownership” of all Capital Stock that such person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of
(i) twenty-five percent (25%) or more (on a fully diluted basis) of the total then outstanding Capital Stock of the Parent entitled to vote for the election of directors of the Parent, and (ii) Capital Stock of the Parent entitled to
vote for the election of directors of the Parent in an amount greater than the number of shares of such Capital Stock beneficially owned by the Sponsor Group (or over which the Sponsor Group has voting control); or 

(c) prior to the consummation of a Qualifying IPO, a change in the Control of the Parent such that the Loan Parties are
not Controlled by any one or more of the Sponsor Group; or 
 (d) the Parent fails at any time to own, directly
or indirectly, 100% of the Capital Stock of each Loan Party free and clear of all Liens (other than those Liens specified in clauses (a), (e), (i) and (l) of the definition of Permitted Encumbrances), except where such failure is as a
result of a transaction permitted by the Loan Documents. 
 “Change in Law” means (a) the adoption of any
law, rule or regulation after the Effective Date, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the Effective Date or (c) compliance by any Credit Party
(or, for purposes of SECTION 2.14, by any lending office of such Credit Party or by such Credit Party’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority
made or issued after the Effective Date; 
  

 15 

 
provided however, for purposes of this Agreement, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, guidelines or directives in connection therewith
are deemed to have gone into effect and been adopted after the Effective Date. 
 “Charges” has the meaning
provided in SECTION 9.13. 
 “Charter Document” means as to any Person, its partnership agreement, certificate
of incorporation, operating agreement, membership agreement or similar constitutive document or agreement or its by-laws. 

“Closing Date” means July 21, 2005. 

“CMBS Facilities” mean the mortgage, mezzanine, high yield or similar financing arrangements of certain Special Purpose
Entities that are direct or indirect subsidiaries of the Lead Borrower in an aggregate principal amount of up to $800,000,000, and any refinancing, extension or replacement thereof. 

“Co-Collateral Agents” has the meaning provided in the preamble to this Agreement. 

“Co-Documentation Agents” has the meaning provided in the preamble to this Agreement. 

“Co-Syndication Agents” has the meaning provided in the preamble to this Agreement. 

“Code” means the Internal Revenue Code of 1986 and the United States Treasury regulations promulgated thereunder, as
amended from time to time. 
 “Collateral” means any and all “Collateral” or words of similar intent
as defined in any applicable Security Document; provided that (a) any assets of the Canadian Borrower and its Subsidiaries shall secure only the Canadian Liabilities, and (b) any Lien on intellectual property rights shall be
limited to a non-exclusive right to use such assets in connection with a Liquidation. 
 “Combined Borrowing
Base” means the sum of (a) the Tranche A Borrowing Base plus (b) the Canadian Borrowing Base. 

“Commercial Letter of Credit” means any Letter of Credit issued for the purpose of providing the primary payment
mechanism in connection with the purchase of any materials, goods or services by a Borrower in the ordinary course of business of such Borrower. 

“Commitment” means, with respect to each Lender, the aggregate commitment(s) of such Lender hereunder in the amount set
forth opposite its name on Schedule 1.1 hereto (being the aggregate of the Domestic Commitments and the Canadian Commitments of such Lender) or as may subsequently be set forth in the Register from time to time, as the same may be increased
or reduced from time to time pursuant to this Agreement. 
 “Commitment Increase” shall have the meaning
provided in SECTION 2.02(a). 
  

 16 

 “Commitment Increase Date” shall have the meaning provided in SECTION
2.02(c). 
 “Commitment Percentage” means, with respect to each Lender, that percentage of the Commitments of
all Lenders hereunder, in the amount set forth opposite such Lender’s name on Schedule 1.1 hereto or as may subsequently be set forth in the Register from time to time, as the same may be increased or reduced from time to time pursuant
to this Agreement. 
 “Compliance Certificate” has the meaning provided in SECTION 5.01(d). 

“Consolidated” means, when used to modify a financial term, test, statement, or report of a Person, the application or
preparation of such term, test, statement or report (as applicable) based upon the consolidation, in accordance with GAAP, of the financial condition or operating results of such Person and its Subsidiaries. 

“Consolidated EBITDA” means, with respect to any Person for any period, the sum (without duplication) of
(a) Consolidated Net Income for such period, plus, in each case to the extent deducted in determining Consolidated Net Income for such period, (b) depreciation, amortization, and all other non-cash charges (other than non-cash
charges for which a cash payment will be required to be made in that period), (c) provisions for Taxes based on income, (d) Consolidated Interest Expense, (e) Advisory Fees, and (f) unusual, non-recurring or extraordinary
expenses, losses or charges as reasonably approved by the Administrative Agent; provided, however, that, upon the termination of the Canadian Commitments in accordance with the terms of this Agreement, the results of the Canadian
Borrower and any Canadian Subsidiaries shall be excluded from the calculation of Consolidated EBITDA. 
 “Consolidated
Fixed Charge Coverage Ratio” means, with respect to any Person for any period, the ratio of (a) (i) Consolidated EBITDA for such period minus (ii) Capital Expenditures during such period, to (b) the sum of
(i) Debt Service Charges payable in cash during such period plus (ii) federal, state and foreign income Taxes paid in cash (net of refunds received) during such period, all as determined on a Consolidated basis in accordance with
GAAP; provided, however, that, upon the termination of the Canadian Commitments in accordance with the terms of this Agreement, the results of the Canadian Borrower and any Canadian Subsidiaries shall be excluded from the calculation
of the Consolidated Fixed Charge Coverage Ratio. For purposes of determining the Consolidated Fixed Charge Coverage Ratio, GAAP shall be consistently applied with the principles existing on the Effective Date. 

“Consolidated Interest Coverage Ratio” means, with respect to any Person for any period, the ratio of Consolidated
EBITDA of such Person for such period to the Consolidated Interest Expense of such Person for such period. For purposes of determining the Consolidated Interest Coverage Ratio, GAAP shall be consistently applied with the principles existing on the
Effective Date. 
 “Consolidated Interest Expense” means, with respect to any Person for any period, total
interest expense (including that attributable to Capital Lease Obligations in accordance with GAAP) of such Person on a Consolidated basis with respect to all outstanding Indebtedness of such Person, including, without limitation, the Obligations
and all commissions, discounts and other fees and charges owed with respect thereto, but excluding (x) any non-cash or deferred 

 

 17 

 
interest financing costs, including on account of bridge, commitment and other financing fees, all as determined on a Consolidated basis in accordance with GAAP, and (y) amortization of
deferred financing fees, debt issuance costs, commissions, fees and expenses; provided, however, that, upon the termination of the Canadian Commitments in accordance with the terms of this Agreement, interest expense of the Canadian
Borrower and any Canadian Subsidiaries shall be excluded from the calculation of Consolidated Interest Expense. 

“Consolidated Net Income” means, with respect to any Person for any period, the net income (or loss) of such Person on a
Consolidated basis for such period taken as a single accounting period determined in accordance with GAAP; provided, however, that there shall be excluded (a) the income (or loss) of such Person in which any other Person has a
joint interest, except to the extent of the amount of dividends or other distributions actually paid in cash to such Person during such period, (b) the income of any direct or indirect Subsidiary of a Person to the extent that the declaration
or payment of dividends or similar distributions by that Subsidiary of that income is not at the time permitted by operation of the terms of its Charter Documents or any agreement, instrument, judgment, decree, order, statute, rule or governmental
regulation applicable to that Subsidiary, and (c) upon the termination of the Canadian Commitments in accordance with the terms of this Agreement, the income (or loss) of the Canadian Borrower and any Canadian Subsidiaries. 

“Control” means the possession, directly or indirectly, of the power (a) to vote 50% or more of the securities
having ordinary voting power for the election of directors (or any similar governing body) of a Person, or (b) to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by
contract or otherwise. The terms “Controlling” and “Controlled” have meanings correlative thereto. 

“Cost” means the cost of purchases, as reported on the Borrowers’ financial stock ledger based upon the
Borrowers’ accounting practices in effect on the Effective Date or thereafter consented to by the Administrative Agent, whose consent will not be unreasonably withheld. “Cost” does not include inventory capitalization costs or other
non-purchase price charges (except for freight charges with respect to all Inventory (other than unpaid freight charges for Eligible In-Transit Inventory) to the extent treated consistently with the Borrowers’ accounting practices in effect on
the Effective Date) used in the Borrowers’ calculation of cost of goods sold. 
 “Credit Card
Notifications” has the meaning provided in SECTION 2.18(c). 
 “Credit Extensions” as of any day,
shall be equal to the sum of (a) the principal balance of all Loans then outstanding, and (b) the then amount of the Letter of Credit Outstandings. 

“Credit Party” means (a) the Lenders, (b) the Agents and the Canadian Agent and their respective Affiliates
and branches, (c) the Issuing Banks, (d) the Arrangers and (e) the successors and permitted assigns of each of the foregoing. 

“Credit Party Expenses” means, without limitation, all of the following to the extent incurred in connection with this
Agreement and the other Loan Documents: (a) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Co-Collateral Agents, the 

 

 18 

 
Canadian Agent and the Arrangers in connection with the preparation of the Loan Documents and the syndication of the credit facilities provided for herein, including, without limitation, the
reasonable fees, charges and disbursements of one United States counsel for the Administrative Agent and its Affiliates, one Canadian counsel for the Canadian Agent and its Affiliates and branches (plus local counsel in any other jurisdiction to the
extent reasonably necessary), and outside consultants for the Agents and the Canadian Agent consisting of one inventory appraisal firm and one Canadian real estate appraisal firm, one commercial finance examination firm and one Canadian
environmental engineering firm; (b) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Co-Collateral Agents, the Canadian Agent and the Arrangers in connection with the administration of this Agreement and the other
Loan Documents and any amendments, modifications or waivers requested by a Loan Party of the provisions hereof or thereof (whether or not any such amendments, modifications or waivers shall be consummated), including the reasonable fees, charges and
disbursements of one United States counsel for Bank of America and its Affiliates and one Canadian counsel for the Canadian Agent and its Affiliates and branches (plus local counsel in any other jurisdiction to the extent reasonably necessary);
(c) all reasonable out-of-pocket expenses incurred by the Issuing Banks in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder; (d) all reasonable out-of-pocket
expenses incurred by the Administrative Agent, the Co-Collateral Agents, the Canadian Agent and their respective Affiliates and branches in connection with the enforcement and protection of their rights in connection with the Loan Documents
(including all such out-of-pocket expenses incurred during any workout, restructuring or related negotiations in respect of such Loan Documents), including the reasonable fees, charges and disbursements of one United States counsel for Bank of
America and its Affiliates, one Canadian counsel for the Canadian Agent and its Affiliates (plus local counsel in any other jurisdiction to the extent reasonably necessary) and outside consultants for the Agents (including, without limitation,
except as permitted in clause (e) hereof, one inventory appraisal firm and one real estate appraisal firm, one commercial finance examination firm and one environmental engineering firm); and (e) all reasonable out-of-pocket expenses
incurred by the Administrative Agent, the Co-Collateral Agents, the Canadian Agent and their respective Affiliates and branches in connection with the enforcement of their rights in any case under the Bankruptcy Code or any judicial proceeding
commenced by any Loan Party against the Credit Parties relating to the Loan Documents after the occurrence and during the continuance of an Event of Default, including the reasonable fees, charges and disbursements of one United States counsel for
Bank of America and its Affiliates, one Canadian counsel for the Canadian Agent and its Affiliates (plus local counsel in any other jurisdiction to the extent reasonably necessary) and outside consultants for the Agents (including, without
limitation, inventory appraisal firm(s) and real estate appraisal firm(s), commercial finance examination firm(s) and environmental engineering firm(s)); provided that, in addition to the foregoing, the Lenders who are not the Agents
or the Canadian Agent shall be entitled to reimbursement for no more than one counsel representing all such Lenders (absent a conflict of interest in which case the Lenders may engage and be reimbursed for additional counsel). Credit Party Expenses
shall not include the allocation of any overhead expenses of any Credit Party. 
 “Customer Credit Liabilities”
means, at any time, the aggregate remaining balance at such time of (a) outstanding gift certificates and gift cards of the Loan Parties entitling the holder thereof to use all or a portion of the certificate or gift card to pay all or a
portion of the purchase price for any Inventory, and (b) outstanding merchandise credits and customer deposits of the Loan Parties, net of any dormancy reserves maintained by the Loan Parties on their books and records in the ordinary course of
business consistent with past practices. 
  

 19 

 “Customs Broker Agreement” means an agreement in substantially the form
attached hereto as Exhibit B among a Loan Party, a customs broker or other carrier, and the Administrative Agent or the Canadian Agent, as applicable, in which the customs broker or other carrier acknowledges that it has control over and
holds the documents evidencing ownership of the subject Inventory or other property for the benefit of the Administrative Agent or the Canadian Agent, as applicable, and agrees, upon notice from the Administrative Agent or the Canadian Agent, as
applicable, to hold and dispose of the subject Inventory and other property solely as directed by the Administrative Agent or the Canadian Agent, as applicable. 

“DDAs” means any checking or other demand deposit account maintained by the Loan Parties. All funds in such DDAs shall
be conclusively presumed to be Collateral and proceeds of Collateral and the Agents, the Canadian Agent and the Lenders shall have no duty to inquire as to the source of the amounts on deposit in the DDAs. 

“Debt Service Charges” means, for any period, the sum of (a) Consolidated Interest Expense payable in cash,
plus (b) scheduled principal payments made or required to be made (after giving effect to any prepayments paid in cash that reduce the amount of such required payments) on account of Indebtedness, including the full amount of any
non-recourse Indebtedness (excluding the Obligations, payments to reimburse any drawings under any commercial letters of credit, and any payments on Indebtedness required to be made on the final maturity date thereof, but including, without
limitation, Capitalized Lease Obligations) for such period, plus (c) scheduled mandatory payments on account of Disqualified Capital Stock (whether in the nature of dividends, redemption, repurchase or otherwise) required to be made
during such period, in each case determined in accordance with GAAP; provided, however, that, upon the termination of the Canadian Commitments in accordance with the terms of this Agreement, Debt Service Charges attributable to the
Canadian Borrower and any Canadian Subsidiaries shall be excluded from the calculation of Debt Service Charges. 

“Default” means any event or condition described in SECTION 7.01 that constitutes an Event of Default or that upon
notice, lapse of any cure period set forth in SECTION 7.01, or both, would, unless cured or waived, become an Event of Default. 

“Default Rate” has the meaning provided in SECTION 2.12. 

“Delinquent Lender” has the meaning provided in SECTION 8.16. 

“Designated Account” has the meaning provided in SECTION 2.18(d); provided, however, that notwithstanding
anything to the contrary contained therein, in no event shall the amounts deposited into the Designated Account at any time exceed $25,000,000 in the aggregate. 

“Deteriorating Lender” means any Delinquent Lender or any Lender as to which (a) any of the Issuing Banks or the
Swingline Lender has reasonably ascertained that such Lender or its Subsidiary has, without cause, defaulted in fulfilling its obligations under one or more other syndicated credit facilities, or (b) such Lender or a Person that controls such
Lender has been deemed insolvent or become the subject of a bankruptcy, insolvency or similar proceeding. 
  

 20 

 “Determination Date” shall mean the date upon which each of the following
has occurred: 
 (a) The Canadian Commitments and/or the Domestic Commitments have been terminated by the
Required Lenders (or are deemed terminated) upon the occurrence of an Event of Default; and 
 (b) The
Obligations and/or the Canadian Liabilities have been declared to be due and payable (or has become automatically due and payable) and have not been paid in accordance with the terms of this Agreement. 

“Disbursement Accounts” has the meaning provided in SECTION 2.18(g). 

“Disclosed Matters” means the actions, suits and proceedings and the environmental matters disclosed on Schedule
3.06(a) and Schedule 3.06(b). 
 “Disqualified Capital Stock” means any Capital Stock which, by its
terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) is mandatorily redeemable in whole or in part prior to the Maturity Date, pursuant to a sinking fund
obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, (b) is convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) Indebtedness or any Capital Stock
referred to in (a) above prior to the Maturity Date, or (c) contains any mandatory repurchase obligation which comes into effect prior to the Maturity Date; provided that any Capital Stock that would not constitute
Disqualified Capital Stock but for provisions thereof giving holders thereof (or the holders of any security into or for which such Capital Stock is convertible, exchangeable or exercisable) the right to require the issuer thereof to redeem such
Capital Stock upon the occurrence of a change in control or an asset sale shall not constitute Disqualified Capital Stock. 

“dollars” or “$” refers to lawful money of the United States of America. 

“Domestic Availability” means the lesser of (a) or (b), where: 

(a) is the result of: 

(i) The Revolving Credit Ceiling, 

Minus 

(ii) The aggregate outstanding amount of Credit Extensions to, or for the account of, the Domestic Borrowers, 

Minus 

(iii) The aggregate outstanding amount of Credit Extensions to, or for the account of, the Canadian Borrower. 

(b) is the result of the following: 

(i) The Tranche A Borrowing Base, as determined from the most recent Borrowing Base Certificate (as adjusted pursuant to
SECTION 2.03 hereof); 
  

 21 

 Minus 

(ii) The aggregate outstanding amount of Credit Extensions to, or for the account of, the Domestic Borrowers. 

“Domestic Borrowers” means, collectively, the Lead Borrower, the other Domestic Borrowers identified on the signature
pages hereto and each Other Borrower who becomes a Domestic Borrower hereunder in accordance with the terms of this Agreement. 

“Domestic Commitment” shall mean, with respect to each Domestic Lender, the commitment of such Domestic Lender hereunder
to make Credit Extensions to the Domestic Borrowers in the amount set forth opposite its name on Schedule 1.1 hereto or as may subsequently be set forth in the Register from time to time, as the same may be increased from time to time
pursuant to SECTION 2.02 or reduced from time to time pursuant to SECTION 2.15 and SECTION 2.17. 
 “Domestic Commitment
Percentage” shall mean, with respect to each Domestic Lender, that percentage of the Domestic Commitments of all Domestic Lenders hereunder to make Credit Extensions to the Domestic Borrowers, in the amount set forth opposite its name on
Schedule 1.1 hereto or as may subsequently be set forth in the Register from time to time, as the same may be increased from time to time pursuant to SECTION 2.02 or reduced from time to time pursuant to SECTION 2.15 and SECTION 2.17.

 “Domestic Concentration Account” has the meaning provided in SECTION 2.18(d). 

“Domestic Lenders” means the Lenders having Domestic Commitments from time to time or at any time. 

“Domestic Letter of Credit” means a Letter of Credit that is issued pursuant to this Agreement for the account of a
Domestic Borrower. 
 “Domestic Letter of Credit Outstandings” means, at any time, the sum of (a) with
respect to Domestic Letters of Credit outstanding at such time, the aggregate maximum amount that then is, or at any time thereafter may become, available for drawing or payment thereunder, plus, without duplication, (b) all amounts
theretofore drawn or paid under Domestic Letters of Credit for which the applicable Issuing Bank has not then been reimbursed. 

“Domestic Letter of Credit Sublimit” means, at any time, the sum of $400,000,000 less the then Canadian Letter of Credit
Outstandings, as such amount may be increased or reduced in accordance with the terms of this Agreement. 
 “Domestic
Loan Party” means any Loan Party other than a Canadian Loan Party. 
  

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 “Domestic Loans” means, collectively, the Loans made by the Domestic
Lenders pursuant to Article II. 
 “Domestic Overadvance” means a Credit Extension to the Domestic Borrowers to
the extent that, immediately after the making of such Credit Extension, Domestic Availability is less than zero. 

“Domestic Swingline Loan Ceiling” means (a) from
January 1st through
August 31st of each year, $50,000,000 and
(b) from September 1st through December 31
st of each year, $100,000,000, as such amount may be
increased or reduced in accordance with the provisions of this Agreement. 
 “Domestic Subsidiary” means any
Subsidiary other than a Foreign Subsidiary. 
 “Domestic Total Commitments” means the aggregate of the Domestic
Commitments of all Domestic Lenders. On the Effective Date, the Domestic Total Commitments are $1,850,000,000. 

“Earn-Out Obligations” means the maximum amount of all obligations incurred or to be incurred in connection with any
Acquisition of a Person pursuant to a Permitted Acquisition under non-compete agreements, consulting agreements, earn-out agreements and similar deferred purchase arrangements. 

“Effective Date” means August 10, 2010. 

“Eligible Assignee” means a commercial bank, insurance company, or company engaged in the business of making commercial
loans or a commercial finance company, which Person, together with its Affiliates, has a combined capital and surplus in excess of $500,000,000, or any Lender or Affiliate of any Credit Party under common control with such Credit Party, or an
Approved Fund of any Credit Party, or any Person to whom a Credit Party assigns its rights and obligations under this Agreement as part of an assignment and transfer of such Credit Party’s rights in and to a material portion of such Credit
Party’s portfolio of asset based credit facilities; provided that, in any event, “Eligible Assignee” shall not include (x) any natural person, (y) the Parent, or (z) the Sponsor Group or any of their
respective Affiliates to the extent that, after giving effect to any proposed assignment, the Sponsor Group and their respective Affiliates would hold in the aggregate more than 25% of the then outstanding Credit Extensions; provided
that, (1) to the extent that the Sponsor Group or any of their respective Affiliates hold in the aggregate more than 10% of the then outstanding Credit Extensions, the Sponsor Group and their respective Affiliates shall be subject to
clauses (a) and (b) of the definition of Sponsor Lender Limitations with respect to that portion of their outstanding Credit Extensions or Commitments which exceeds 10%, and (2) the Sponsor Group and each of their respective
Affiliates shall in all events be subject to the provisions of clause (c) of the definition of Sponsor Lender Limitations. Upon the occurrence of an Event of Default, no Person (other than a Lender) shall be an “Eligible Assignee” if
the assignment of any Commitment to such Person would cause such Person to have Commitments in excess of twenty-five percent (25%) of the then outstanding Total Commitments. 

 

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 “Eligible Credit Card Receivables” means, as of any date of determination,
Accounts due to a Loan Party from major credit card processors (including, but not limited to, VISA, Mastercard, American Express, Diners Club and DiscoverCard) as arise in the ordinary course of business and which have been earned by performance,
that are not excluded as ineligible by virtue of one or more of the criteria set forth below. None of the following shall be deemed to be Eligible Credit Card Receivables: 

(a) Accounts due from major credit card processors that have been outstanding for more than five (5) Business Days
from the date of sale (except that, with respect to those due from American Express to the Canadian Loan Parties, that have been outstanding for more than ten (10) Business Days from the date of sale), or for such longer period(s) as may
approved by the Co-Collateral Agents; 
 (b) Accounts due from major credit card processors with respect to which
a Loan Party does not have good, valid and marketable title thereto, free and clear of any Lien (other than Liens granted to the Administrative Agent or the Canadian Agent, as applicable, for its own benefit and the benefit of the other Secured
Parties pursuant to the Security Documents, those Liens specified in clauses (a) and (e) of the definition of Permitted Encumbrances and Permitted Encumbrances having priority by operation of Applicable Law over the Lien of the
Administrative Agent or Canadian Agent, as applicable) (the foregoing not being intended to limit the discretion of the Co-Collateral Agents to change, establish or eliminate any Reserves on account of any such Liens); 

(c) Accounts due from major credit card processors that are not subject to a first priority (except as provided in clause
(b), above) security interest in favor of the Administrative Agent or the Canadian Agent, as applicable, for its own benefit and the benefit of the other Secured Parties; 

(d) Accounts due from major credit card processors which are disputed, or with respect to which a claim, counterclaim,
offset or chargeback has been asserted, by the related credit card processor (but only to the extent of such dispute, counterclaim, offset or chargeback) (it being the intent that chargebacks in the ordinary course by the credit card processors
shall not be deemed violative of this clause); 
 (e) Except as otherwise approved by the Co-Collateral Agents,
Accounts due from major credit card processors as to which the credit card processor has the right under certain circumstances to require a Loan Party to repurchase the Accounts from such credit card processor; or 

(f) Accounts due from major credit card processors (other than Visa, Mastercard, American Express, Diners Club and
Discover) which any Co-Collateral Agent (after consultation with the other Co-Collateral Agent) determines in its commercial reasonable discretion acting in good faith to be unlikely to be collected. 

“Eligible In-Transit Inventory” means, as of any date of determination, without duplication of other Eligible Inventory,
Inventory (a) (i) which has been delivered to a carrier in a foreign port or foreign airport for receipt by a Loan Party in the United States or Canada within 

 

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sixty (60) days of the date of determination, but which has not yet been received by a Loan Party or (ii) which has been delivered to a carrier in the United States or Canada for
receipt by a Loan Party in the United States or Canada within five (5) Business Days of the date of determination, but which has not yet been received by a Loan Party, (b) for which the purchase order is in the name of a Loan Party and
title has passed to a Loan Party, (c) except as otherwise agreed by the Co-Collateral Agents, for which a Loan Party is designated as “shipper” and/or the consignor and the document of title or waybill reflects a Loan Party as
consignee (along with delivery to a Loan Party or its customs broker of the documents of title, to the extent applicable, with respect thereto), (d) as to which the Administrative Agent or the Canadian Agent, as applicable, has control over the
documents of title, to the extent applicable, which evidence ownership of the subject Inventory (such as by the delivery of a Customs Broker Agreement), (e) as to which a Tri-Party Agreement has been executed and delivered in favor of the
Co-Collateral Agents, (f) which is insured in accordance with the provisions of this Agreement and the other Loan Documents, including, without limitation marine cargo insurance; and (g) which otherwise is not excluded from the definition
of Eligible Inventory; provided that the Administrative Agent may (and shall, at the written direction of any Co-Collateral Agent, after consultation with the other Co-Collateral Agent), upon notice to the Lead Borrower, exclude any
particular Inventory from the definition of “Eligible In-Transit Inventory” in the event that the Administrative Agent or any Co-Collateral Agent (after consultation with the other Co-Collateral Agent) determines that such Inventory is
subject to any Person’s right or claim which is (or is capable of being) senior to, or pari passu with, the Lien of the Administrative Agent or the Canadian Agent (such as, without limitation, a right of stoppage in transit), as applicable, or
may otherwise adversely impact the ability of the Administrative Agent, the Co-Collateral Agents or the Canadian Agent, as applicable, to realize upon such Inventory. 

“Eligible Inventory” means, as of any date of determination, without duplication, (a) Eligible Letter of Credit
Inventory, (b) Eligible In-Transit Inventory, (c) Inventory reported at Location 5001 in the Loan Parties’ books and records (such being cross-docked product and not then included in the Loan Parties’ stock ledger but which is
otherwise Eligible Inventory), and (d) items of Inventory of a Loan Party that are finished goods, merchantable and readily saleable to the public in the ordinary course that are not excluded as ineligible by virtue of the one or more of the
criteria set forth below. None of the following shall be deemed to be Eligible Inventory: 
 (a) Inventory that
is not solely owned by a Loan Party, or is leased by or is on consignment to a Loan Party, or as to which the Loan Parties do not have title thereto; 

(b) Inventory (other than any Eligible Letter of Credit Inventory and Eligible In-Transit Inventory) that is not located
in the United States of America or Canada (or any territories or possessions thereof); 
 (c) Inventory (other
than any Eligible Letter of Credit Inventory and Eligible In-Transit Inventory) that is not located at a location that is owned or leased by the Loan Parties, except to the extent that the Loan Parties shall have used commercially reasonable efforts
to furnish (in the case of each such location leased by a third party for which the Loan Parties contracted with such third party on or before the First Amendment and Restatement Effective Date), or shall have furnished (in the case of each

  

 25 

 
such location leased by a third party for which the Loan Parties contracted with such third party after the First Amendment and Restatement Effective Date), the Administrative Agent or the
Canadian Agent, as applicable, with (i) any UCC financing statements, PPSA filings or other registrations that the Administrative Agent or the Canadian Agent, as applicable, may reasonably determine to be necessary to perfect its security
interest in such Inventory at such location, and (ii) an intercreditor agreement (containing, among other things, a lien waiver) executed by the Person owning or leasing any such location on terms reasonably acceptable to the Co-Collateral
Agents and, if applicable, the Canadian Agent; provided that, with respect to any location which is leased by a third party as of the First Amendment and Restatement Effective Date and which contains Inventory to be utilized to fulfill
internet orders or Inventory to be forwarded to stores or distribution centers of the Loan Parties, such Inventory shall not be deemed ineligible solely by virtue of this clause (c) if such an intercreditor agreement is not obtained by the
Borrowers (after having used commercially reasonable efforts to obtain same); provided further that any Inventory located at a location described in clauses (i) and/or (ii) below shall not be deemed ineligible solely by
virtue of this clause (c) even if such an intercreditor agreement is not furnished for any such location: (i) any location that is not owned or leased by the Loan Parties at which Inventory of a Domestic Loan Party is located (or locations
under the control of the same Person other than store leases) having a value of less than or equal to $20,000,000 at Cost (or, with respect to seasonal locations, at which Inventory is located having a value less than or equal to $40,000,000 at Cost
for a period of not greater than 60 days), or (ii) any location that is not owned or leased by the Loan Parties at which Inventory of a Canadian Loan Party is located (or under the control of the same Person other than store leases) having a
value of less than or equal to $5,000,000 at Cost (or, with respect to seasonal locations, at which Inventory is located having a value less than or equal to $10,000,000 at Cost for a period of not greater than 60 days); 

(d) Inventory that is located at a distribution center that is leased by the Loan Parties, except to the extent that
(unless otherwise agreed by the Co-Collateral Agents or the Canadian Agent, as applicable) the Loan Parties shall have used commercially reasonable efforts to furnish (in the case of each such distribution center for which the Loan Parties have
entered into a lease on or before the First Amendment and Restatement Effective Date), or shall have furnished (in the case of each such distribution center for which the Loan Parties have entered into a lease after the First Amendment and
Restatement Effective Date), the Administrative Agent or the Canadian Agent, as applicable, with a landlord’s lien waiver and collateral access agreement on terms reasonably acceptable to the Co-Collateral Agents or the Canadian Agent, as
applicable, executed by the Person owning any such distribution center; provided that any Inventory located at a distribution center described in clauses (i) and/or (ii) below shall not be deemed ineligible solely by virtue
of this clause (d) even if such a landlord’s lien waiver and collateral access agreement is not furnished for any such distribution center: (i) any distribution center at which Inventory of a Domestic Loan Party is located (or
locations under the control of the same Person other than store leases) having a value of less than or equal to $20,000,000 at Cost (or, with respect to seasonal warehouses, at which Inventory is located having a value less than or equal to
$40,000,000 at Cost for a period of not greater than 60 days), or (ii) any distribution center at which Inventory of a 
  

 26 

 
Canadian Loan Party is located (or under the control of the same Person other than store leases) having a value of less than or equal to $5,000,000 at Cost (or, with respect to seasonal
warehouses, at which Inventory is located having a value less than or equal to $10,000,000 at Cost for a period of not greater than 60 days); 

(e) Inventory that represents goods which (i) are damaged, defective, “seconds,” or otherwise
unmerchantable, (ii) are to be returned to the vendor, (iii) are work in process, raw materials, or that constitute spare parts or supplies used or consumed in a Loan Party’s business (iv) are bill and hold goods, or (v) are
not in compliance in all material respects with all standards imposed by any Governmental Authority having regulatory authority with respect thereto; 

(f) Except as otherwise agreed by the Co-Collateral Agents, Inventory that represents goods that do not conform in all
material respects to the representations and warranties contained in this Agreement or any of the Security Documents; 

(g) Inventory that is not subject to a perfected first priority security interest in favor of the Administrative Agent or
Canadian Agent, as applicable, for its own benefit and the benefit of the other Secured Parties (subject only to Permitted Encumbrances having priority by operation of Applicable Law); 

(h) Inventory which consists of samples, labels, bags, packaging materials, and other similar non-merchandise categories;

 (i) Inventory as to which casualty insurance in compliance with the provisions of SECTION 5.07 is not in
effect; 
 (j) Inventory which has been sold but not yet delivered or Inventory to the extent that any Loan Party
has accepted a deposit therefor; or 
 (k) Inventory acquired in a Permitted Acquisition, unless the
Co-Collateral Agents shall have received or conducted (i) appraisals, from appraisers reasonably satisfactory to the Co-Collateral Agents, of such Inventory to be acquired in such Acquisition and (ii) such other due diligence as the
Co-Collateral Agents may reasonably require, all of the results of the foregoing to be reasonably satisfactory to the Co-Collateral Agents. 

“Eligible Letter of Credit Inventory” means, as of any date of determination (without duplication of other Eligible
Inventory), Inventory: 
 (a) (i) which has been delivered to a carrier in a foreign port or foreign airport for
receipt by a Loan Party in the United States or Canada within sixty (60) days of the date of determination, but which has not yet been received by a Loan Party, or (ii) which has been delivered to a carrier in the United States or Canada
for receipt by a Loan Party in the United States or Canada within five (5) Business Days of the date of determination, but which has not yet been received by a Loan Party; 

 

 27 

 (b) the purchase order for which is in the name of a Loan Party, title has
passed to a Loan Party and the purchase of which is supported by a Commercial Letter of Credit issued under this Agreement having an initial expiry, subject to the proviso hereto, within 120 days after the date of initial issuance of such Commercial
Letter of Credit; provided that ninety percent (90%) of the maximum Stated Amount all such Commercial Letters of Credit shall not, at any time, have an initial expiry greater than ninety (90) days after the original date of
issuance of such Commercial Letters of Credit; 
 (c) except as otherwise agreed by the Co-Collateral Agents, for
which a Loan Party is designated as “shipper” and/or consignor and the document of title or waybill reflects a Loan Party as consignee (along with delivery to a Loan Party or its customs broker of the documents of title, to the extent
applicable, with respect thereto); 
 (d) as to which the Administrative Agent or the Canadian Agent, as
applicable, has control over the documents of title, to the extent applicable, which evidence ownership of the subject Inventory (such as by the delivery of a Customs Broker Agreement); 

(e) which is insured in accordance with the provisions of this Agreement and the other Loan Documents, including, without
limitation marine cargo insurance; 
 (f) as to which a Tri-Party Agreement has been executed and delivered in
favor of the Co-Collateral Agents, and 
 (g) Which otherwise is not excluded from the definition of Eligible
Inventory; 
 provided that the Administrative Agent may (and shall, at the written direction of
any Co-Collateral Agent, after consultation with the other Co-Collateral Agent), upon notice to the Lead Borrower, exclude any particular Inventory from the definition of “Eligible Letter of Credit Inventory” in the event that the
Administrative Agent or any Co-Collateral Agent (after consultation with the other Co-Collateral Agent) determines that such Inventory is subject to any Person’s right or claim which is (or is capable of being) senior to, or pari passu with,
the Lien of the Administrative Agent or the Canadian Agent (such as, without limitation, a right of stoppage in transit), as applicable, or may otherwise adversely impact the ability of the Administrative Agent, the Co-Collateral Agents or the
Canadian Agent, as applicable, to realize upon such Inventory. 
 “Eligible Real Estate” means Real Estate
which satisfies each of the following conditions: 
 (a) Either (i) a Canadian Loan Party owns fee title or
(ii) a Canadian Loan Party is ground lessee under a ground lease on real estate improved by a building owned by such Canadian Loan Party, the terms and conditions of which ground lease permit assignment and mortgaging thereof in the
Co-Collateral Agents’ and the Canadian Agent’s reasonable commercial discretion exercised in good faith; 
  

 28 

 (b) The applicable Canadian Loan Party has executed and delivered to the
Canadian Agent such Mortgages as the Co-Collateral Agents and the Canadian Agent may reasonably request; 
 (c)
The applicable Canadian Loan Party shall have delivered to the Co-Collateral Agents (i) title insurance and environmental site assessments reasonably satisfactory to the Co-Collateral Agents and the Canadian Agent, and (ii) other real
estate items, if any, as reasonably required by, and reasonably satisfactory to, the Co-Collateral Agents and the Canadian Agent; 

(d) The Canadian Agent has a perfected first priority lien in such Real Estate (subject only to Permitted Encumbrances
having priority by operation of Applicable Law) for its own benefit and the benefit of other Secured Parties; 

(e) Each such parcel of Real Estate has been appraised by a third party appraiser reasonably acceptable to the Agents and
the Canadian Agent; 
 (f) Either (i) the Real Estate is used by a Canadian Loan Party for offices, as a
Store or distribution center, or is being held for sale and, if more than twelve (12) months have elapsed from the date such Real Estate was initially held for sale, the Co-Collateral Agents and the Canadian Agent shall have received an updated
appraisal of such Real Estate, or (ii) the Real Estate is leased by a Canadian Loan Party to another Person, the terms of such lease and the creditworthiness of the lessee are reasonably satisfactory to the Co-Collateral Agents, and the
Co-Collateral Agents and the Canadian Agent shall have received an updated appraisal of such Real Estate reflecting the effect of such lease on FMV, provided that Real Estate described in this clause (f)(ii) shall not comprise more
than 25% of the Canadian Borrowing Base; and 
 (g) As to any particular property, except as otherwise agreed by
the Co-Collateral Agents, the Canadian Borrower is in compliance in all material respects with the representations, warranties and covenants set forth in the Mortgage relating to such property. 

“Enumerated Default” means the failure of any Loan Party to comply with the terms of SECTION 2.18(c)(ii), SECTION
2.18(d), SECTION 2.18(e), SECTION 2.18(f), or SECTION 2.18(h) or the occurrence of any Event of Default specified in SECTION 7.01(a), SECTION 7.01(b), SECTION 7.01(h), or SECTION 7.01(i). 

“Environmental Compliance Reserve” means, with respect to Eligible Real Estate, any reserve which any Co-Collateral
Agent (after consultation with the other Co-Collateral Agent and the Canadian Agent), from time to time in its reasonable commercial discretion exercised in good faith, establishes for estimable amounts that are reasonably likely to be expended by
any of the Canadian Loan Parties in order for such Loan Party and its operations and property (a) to comply with any notice from a Governmental Authority asserting non-compliance with Environmental Laws, or (b) to correct any such
non-compliance with Environmental Laws relating to such Eligible Real Estate. 
  

 29 

 “Environmental Laws” means all Applicable Laws issued, promulgated or
entered into by or with any Governmental Authority, relating in any way to the protection of human health or the environment, to the handling, treatment, storage, disposal of Hazardous Materials or to the assessment or remediation of any Release or
threatened Release of any Hazardous Material to the environment. 
 “Environmental Liability” means any
liability, contingent or otherwise (including, without limitation, any liability for damages, natural resource damage, costs of environmental remediation, administrative oversight costs, fines, penalties or indemnities), of any Loan Party directly
or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials,
(d) the Release or threatened Release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

 “Equipment” has the meaning set forth in the Security Documents. 

“Equivalent Amount” means, on any date, the rate at which CD$ may be exchanged into dollars, determined by reference to
the Bank of Canada noon rate as published on the Reuters Screen BOFC on the immediately preceding Business Day. In the event that such rate does not appear on such Reuters page, “Equivalent Amount” shall mean, on any date, the amount of
dollars into which an amount of CD$ may be converted or the amount of CD$ into which an amount of dollars may be converted, in either case, at, in the case of the Canadian Borrower, the Canadian Agent’s spot buying rate in Toronto as at
approximately 12:00 noon (Toronto time) on such date and, in the case of a Domestic Borrower, the Administrative Agent’s spot buying rate in New York as at approximately 12:00 noon (New York City time) on the immediately preceding Business Day.

 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time and the
regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any trade or business
(whether or not incorporated) that, together with Lead Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a
single employer under Section 414 of the Code. 
 “ERISA Event” means: (a) with respect to the
Domestic Borrowers, any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day notice period is waived); (b) with respect to
the Domestic Borrowers, the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA) in excess of $100,000,000 (or such lesser amount as would
reasonably be expected to result in a Material Adverse Effect), whether or not waived, and with respect to the Canadian Borrower, the existence with respect to any Plan of any due but un-remitted contribution, whether or not waived; (c) the
filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the 

 

 30 

 
incurrence by the Lead Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Lead Borrower or
any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Lead Borrower or any of its ERISA
Affiliates of any liability in excess of $100,000,000 (or such lesser amount as would reasonably be expected to result in a Material Adverse Effect) with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or
(g) the receipt by the Lead Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Lead Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability in excess of
$100,000,000 (or such lesser amount as would reasonably be expected to result in a Material Adverse Effect) or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of
ERISA. 
 “Event of Default” has the meaning provided in SECTION 7.01. An “Event of Default” shall be
deemed to have occurred and to be continuing unless and until that Event of Default has been duly waived in writing in accordance with the terms of this Agreement. 

“Excess Availability” means the difference between (a) the Line Cap and (b) the outstanding Credit Extensions
to the Borrowers. 
 “Excess Canadian Real Estate” means Eligible Real Estate of the Canadian Loan Parties
having a FMV in excess of $150,000,000. 
 “Excess Swingline Loans” has the meaning provided in SECTION
2.22(b). 
 “Excluded Taxes” means, with respect to the Agents, the Canadian Agent, any Lender, any Issuing
Bank or any other recipient of any payment to be made by or on account of any obligation of the Borrowers hereunder, (a) income or franchise taxes imposed on (or measured by) its gross or net income by the United States of America, or by the
jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located, (b) any branch profits taxes imposed by the United
States of America or any similar tax imposed by any other jurisdiction in which any Borrower is located, (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by a Borrower under SECTION 2.24(b) or a Lender that
becomes a Domestic Lender by virtue of the application of SECTION 8.17), any withholding tax (including any withholding tax that is imposed by reason of FATCA) that (i) is imposed on amounts payable to such Foreign Lender at the time such
Foreign Lender becomes a party to this Agreement (or designates a new lending office other than at the request of a Borrower under SECTION 2.24), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of
designation of a new lending office (or assignment), to receive additional amounts from the Borrowers with respect to such withholding tax pursuant to SECTION 2.23(a), or (ii) is attributable to such Foreign Lender’s failure to comply with
SECTION 2.23(e) and (d) in the case of a Canadian Lender (other than an assignee pursuant to a request by a Borrower under SECTION 2.24(b) or a Lender that becomes a Domestic Lender by virtue of the application of SECTION 8.17), any withholding
tax that is imposed on amounts payable to such Canadian Lender at the time such Canadian Lender becomes a party to this Agreement (or 

 

 31 

 
designates a new lending office other than at the request of a Borrower under SECTION 2.24) or is attributable to such Canadian Lender’s failure to comply with SECTION 2.23(j), except to the
extent that such Canadian Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from the Canadian Borrower with respect to such withholding tax pursuant to
SECTION 2.23(a); provided that the provisions of the foregoing clause (d) shall not apply upon and after the occurrence of the Determination Date; provided further that each such Lender shall use reasonable efforts
to eliminate or reduce amounts payable pursuant to this clause (d). 
 “Facility Guarantee” means (a) any
Guarantee of the Obligations and Other Liabilities executed by the Domestic Borrowers and their respective Material Subsidiaries (other than Foreign Subsidiaries, Toys ‘R’ Us Service, LLC and Geoffrey, LLC and its Subsidiaries) in favor of
the Administrative Agent and the other Secured Parties (it being understood that the Canadian Borrower and its Foreign Subsidiaries shall not be required to execute a Facility Guarantee of the Obligations or Other Liabilities of the Domestic
Borrowers), and (b) in addition to the Guarantee described in clause (a), any Guarantee of the Canadian Liabilities executed by any of the Canadian Borrower’s Subsidiaries in favor of the Canadian Agent and the other Secured Parties.

 “Facility Guarantors” means any Person executing a Facility Guarantee. 

“Facility Guarantors’ Collateral Documents” means all security agreements, Mortgages, pledge agreements, deeds of
trust, and other instruments, documents or agreements executed and delivered by the Facility Guarantors to secure the Facility Guarantee, the Obligations, the Other Liabilities, or the Canadian Liabilities, as applicable. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement. 

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if
necessary, to the next  1/100 of one percent
(1%)) of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate
is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next
 1/100 of one percent (1%)) of the quotations
for such day for such transactions received by the Administrative Agent from three (3) federal funds brokers of recognized standing selected by the Administrative Agent. 

“Financial Consultant” has the meaning provided in SECTION 5.14. 

“Financial Officer” means, with respect to any Loan Party, the chief financial officer, the senior vice president of
finance, treasurer, assistant treasurer, controller or assistant controller of such Loan Party. 
 “First Amendment and
Restatement Effective Date” means June 24, 2009. 
  

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 “Fiscal Month” means any fiscal month of any Fiscal Year, which month shall
generally end on the last Saturday of each calendar month in accordance with the fiscal accounting calendar of the Borrowers. 

“Fiscal Quarter” means any fiscal quarter of any Fiscal Year, which quarters shall generally end on the last Saturday of
each April, July, October or January of such Fiscal Year in accordance with the fiscal accounting calendar of the Borrowers. 

“Fiscal Year” means any period of twelve consecutive months ending on the Saturday closest to January 31 of any
calendar year. 
 “Fixed Assets” means Equipment and Real Estate. 

“FMV” means, as to any Eligible Real Estate, the fair market value of such Eligible Real Estate determined in accordance
with an appraisal from an independent appraisal firm, each reasonably acceptable to the Co-Collateral Agents. 

“Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other than the United States of
America or any State thereof or the District of Columbia. 
 “Foreign Subsidiary” means any Subsidiary that is
organized under the laws of a jurisdiction other than the United States of America or any State, commonwealth or territory thereof or the District of Columbia. 

“Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or
otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

“GAAP” means principles which are consistent with those promulgated or adopted by the Financial Accounting Standards
Board and its predecessors (or successors) in effect and applicable to that accounting period in respect of which reference to GAAP is being made; provided that, with respect to Foreign Subsidiaries of Borrower organized under the laws
of Canada, “GAAP” shall mean principles which are consistent with those promulgated or adopted by the Canadian Institute of Chartered Accountants and its predecessors (or successors) in effect and applicable to the accounting period in
respect of which reference to GAAP is being made. 
 “General Security Agreement” means the General Security
Agreement dated as of the Closing Date among the Canadian Borrower and its Subsidiaries and the Canadian Agent for the benefit of the Secured Parties thereunder, as amended and in effect from time to time. 

“Geoffrey” means Geoffrey, LLC, a Delaware limited liability company. 

“Governmental Authority” means the government of the United States of America, Canada, any other nation or any political
subdivision thereof, whether state, local or provincial, and any agency, authority, instrumentality, regulatory body, court, tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative
powers or functions of or pertaining to government. 
  

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 “Guarantee” of or by any Person (the “guarantor”) means
any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or
indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply
funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to
maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of
any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business.

 “Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic
substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, mold, fungi or similar bacteria, and all other substances or wastes of any nature
regulated pursuant to any Environmental Law because of their dangerous or deleterious properties, including any material listed as a hazardous substance under Section 101(14) of CERCLA. 

“Hedge Agreement” means any derivative agreement, or any interest rate protection agreement, interest rate swap
agreement, interest rate cap agreement, interest rate collar agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement designed to hedge
against fluctuations in interest rates or foreign exchange rates or commodity prices. 
 “High
Selling Period” means (i) with respect to the TRU Inventory owned by the Domestic Loan Parties and all Inventory owned by the Canadian Loan Parties, the period in each year commencing on
October 15th and ending on the first Sunday after
December 15th, and (ii) with respect to BRU
Inventory owned by the Domestic Loan Parties, the period commencing each year on
February 1st and ending on
October 31st. 

“Indebtedness” of any Person means, without duplication: 

(a) All obligations of such Person for borrowed money (including any obligations which are without recourse to the credit
of such Person); provided, however, that all such obligations and liabilities which are limited in recourse to such property shall be included in Indebtedness only to the extent of the lesser of the fair market value of such property
and the then outstanding amount of such Indebtedness; 
 (b) All obligations of such Person evidenced by bonds,
debentures, notes or similar instruments; 
 (c) All obligations of such Person under conditional sale or other
title retention agreements relating to property acquired by such Person; provided, however, that all such obligations and liabilities which are limited in recourse to such property shall be included in Indebtedness only to the extent
of the lesser of the fair market value of such property and the then outstanding amount of such Indebtedness; 
  

 34 

 (d) All obligations of such Person in respect of the deferred purchase price
of property or services (excluding accrued expenses and accounts payable incurred in the ordinary course of business); 

(f) All Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent
or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed; provided, however, that all such obligations and liabilities which are limited in
recourse to such property shall be included in Indebtedness only to the extent of the lesser of the fair market value of such property and the then outstanding amount of such Indebtedness; 

(g) All Guarantees by such Person of Indebtedness of others; 

(h) All Capital Lease Obligations of such Person; provided, however, that all such obligations and
liabilities which are limited in recourse to such property shall be included in Indebtedness only to the extent of the lesser of the fair market value of such property and the then outstanding amount of such Indebtedness; 

(i) All obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and
letters of guaranty; 
 (j) All obligations, contingent or otherwise, of such Person in respect of bankers’
acceptances; 
 (k) The Agreement Value of all Hedge Agreements; 

(l) The principal and interest portions of all rental obligations of such Person under any Synthetic Lease, tax retention
operating lease, off-balance sheet loan or similar off-balance sheet financing where such transaction is considered borrowed money indebtedness for tax purposes but is classified as an operating lease in accordance with GAAP; and 

(m) Indebtedness consisting of Earn-Out Obligations in connection with Permitted Acquisitions but only to the extent that
the contingent consideration relating thereto is not paid within thirty (30) days after the amount due is finally determined; 

Indebtedness shall not include (A) any sale-leaseback transactions to the extent the lease or sublease thereunder is not required to be recorded
under GAAP as a Capital Lease, (B) any obligations relating to overdraft protection and netting services, or (C) any preferred stock required to be included as Indebtedness in accordance with GAAP and FAS 150. 

The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner)
to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor.

  

 35 

 “Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Indemnitee” has the meaning provided in SECTION 9.03(b). 

“Indentures” means each of: 

(a) the Indenture, dated as of July 24, 2001, originally between the Parent and The Bank of New York, as Trustee, with respect to
7.625% Notes due 2011 (such Notes, the “2011 Notes”); 
 (b) the Indenture, dated as of May 28, 2002,
originally between the Parent and The Bank of New York, as Trustee, with respect to 7.875% Notes due 2013 (such Notes, the “2013 Notes”); 

(c) the Indenture, dated as of May 28, 2002, originally between the Parent and The Bank of New York, as Trustee, with respect to
7.375% Notes due 2018; and 
 (d) the Indenture, dated as of August 29, 1991, originally between the Parent and Bank of New
York, as successor Trustee, with respect to Debentures due 2021, each as modified, amended, supplemented or restated and in effect from time to time. 

“Information” has the meaning provided in SECTION 9.15. 

“Informational Website” has the meaning provided in SECTION 5.01. 

“Intellectual Property Rights Agreement” means the agreement dated as of the Closing Date between Geoffrey and the
Administrative Agent, for its own benefit and the benefit of the Secured Parties. 
 “Intercreditor Agreement”
means that certain Intercreditor Agreement dated as of July 19, 2006 by and between the Agents and Banc of America Bridge LLC, as administrative agent for the holders of the Term Loan, as amended and in effect from time to time, and any other
intercreditor agreement reasonably satisfactory to the Administrative Agent that relates to the Obligations hereunder and the Term Loan and is designated as an “Intercreditor Agreement” for purposes of this Agreement. 

“Interest Payment Date” means (a) with respect to any Prime Rate Loan (including a Swingline Loan), the last day of
each calendar quarter, and (b) with respect to any LIBO Loan or BA Equivalent Loan, on the last day of the Interest Period applicable to the Borrowing of which such LIBO Loan or BA Equivalent Loan is a part, and, in addition, if such LIBO Loan
or BA Equivalent Loan has an Interest Period of greater than ninety (90) days, on the last day of every third month of such Interest Period. 

“Interest Period” means, with respect to any LIBO Borrowing or BA Equivalent Loan, the period commencing on the date of
such Borrowing and ending (i) on the day that is one (1) or 
  

 36 

 
two (2) weeks thereafter or (ii) ending on the numerically corresponding day in the calendar month that is one (1), two (2), three (3), six (6), nine (9) or twelve (12) months
thereafter (or such shorter period, to the extent available, to which the Administrative Agent or the Canadian Agent, as applicable, may reasonably consent), as the Lead Borrower or the Canadian Borrower, as applicable, may elect by notice to the
Administrative Agent or the Canadian Agent in accordance with the provisions of this Agreement; provided, however, that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be
extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, (b) any Interest Period of one month
or more that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month during which such Interest Period ends) shall end on the last Business Day of the
calendar month of such Interest Period, and (c) no Interest Period shall extend beyond the Maturity Date. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the
effective date of the most recent conversion or continuation of such Borrowing. 
 “Inventory” has the meaning
assigned to such term in the Security Agreement or the General Security Agreement and, as regards the Canadian Borrower, includes all “inventory” as defined in the PPSA. 

“Inventory Advance Rate” means the following percentages for TRU Inventory and BRU Inventory under the Tranche A
Borrowing Base and the Canadian Borrowing Base for the following periods: 
  

							
	 Period
	  	Advance Rate for
TRU Inventory	 	 	Advance Rate for
BRU Inventory	 
	 January through April of each year
	  	85	% 	 	85	% 
	 May through September of each year
	  	87.5	% 	 	87.5	% 
	 October through December of each year
	  	85	% 	 	85	% 

“Inventory Reserves” means such reserves as may be established from time to time by any Co-Collateral Agent (after
consultation with the other Co-Collateral Agent), in its reasonable commercial discretion exercised in good faith, with respect to changes in the determination of the saleability, at retail, of the Eligible Inventory or which reflect such other
factors as negatively affect the market value of the Eligible Inventory. 
 “Investment” means, with respect to
any Person: 
 (a) Any Capital Stock of another Person, evidence of Indebtedness or other security of another
Person, including any option, warrant or right to acquire the same; 
  

 37 

 (b) Any loan, advance, contribution to capital, extension of credit (except
for current trade and customer accounts receivable for inventory sold or services rendered in the ordinary course of business) to another Person; 

(c) Any Acquisition; and 

(d) Any other investment of money or capital in order to obtain a profitable return, 

in all cases, whether now existing or hereafter made. For purposes of calculation, the amount of any Investment outstanding at any time
shall be the aggregate cash Investment less all cash returns, cash dividends and cash distributions (or the fair market value of any non-cash returns, dividends and distributions) received by such Person. 

“ISDA Master Agreement” means the form entitled “2002 ISDA Master Agreement” or such other replacement form
then currently published by the International Swap and Derivatives Association, Inc., or any successor thereto. 

“Issuing Banks” means, individually and collectively, (a) as to the Domestic Borrowers, each of Bank of America,
N.A., Wells Fargo Retail Finance, LLC, Deutsche Bank AG New York Branch, JPMorgan Chase Bank, N.A., and no more than one other Domestic Lender selected by the Lead Borrower and approved by the Administrative Agent in its reasonable discretion (such
approval not to be unreasonably withheld), and (b) as to the Canadian Borrower, each of Bank of America-Canada Branch and no more than one other Canadian Lender selected by the Canadian Borrower and approved by the Canadian Agent in its
reasonable discretion (such approval not to be unreasonably withheld), in each case in its capacity as the issuer of Letters of Credit hereunder, and any successor in such capacity. Any Issuing Bank may, in its discretion, arrange for one or more
Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 

“Joinder Agreement” shall mean an agreement, in the form attached hereto as Exhibit H, pursuant to which, among
other things, a Person becomes a party to, and bound by the terms of, this Agreement and/or the other Loan Documents in the same capacity and to the same extent as either a Borrower or a Facility Guarantor, as the Administrative Agent may determine.

 “Judgment Conversion Date” has the meaning set forth in SECTION 9.19. 

“Judgment Currency” has the meaning set forth in SECTION 9.19. 

“Landlord Lien State” means Washington, Virginia, Pennsylvania and such other state(s) or province(s) in which a
landlord’s claim for rent has priority by operation of Applicable Law over the lien of the Administrative Agent or the Canadian Agent in any of the Collateral. 

“L/C Credit Support” has the meaning set forth in SECTION 2.13(k). 

 

 38 

 “Lead Borrower” has the meaning set forth in the Preamble to this
Agreement. 
 “Lease” means any agreement, whether written or oral, no matter how styled or structured,
pursuant to which a Loan Party is entitled to the use or occupancy of any space in a structure, land, improvements or premises for any period of time. 

“Lenders” means, collectively, the Domestic Lenders and the Canadian Lenders and each assignee that becomes a party to
this Agreement as set forth in SECTION 9.04(b) and each Additional Commitment Lender that becomes a party to this Agreement as set forth in SECTION 2.02. 

“Letter of Credit” means a letter of credit that is (i) issued by an Issuing Bank pursuant to this Agreement for
the account of a Borrower, (ii) a Standby Letter of Credit or Commercial Letter of Credit, issued in connection with the purchase of Inventory by a Borrower and for other purposes for which such Borrower has historically obtained letters of
credit, or for any other purpose that is reasonably acceptable to the Administrative Agent or the Canadian Agent, as applicable, and (iii) in form reasonably satisfactory to the applicable Issuing Bank. 

“Letter of Credit Disbursement” means a payment made by an Issuing Bank to the beneficiary of, and pursuant to, a Letter
of Credit. 
 “Letter of Credit Outstandings” means, collectively, Canadian Letter of Credit Outstandings and
Domestic Letter of Credit Outstandings. 
 “Letter of Credit Fees” means the fees payable in respect of Letters
of Credit pursuant to SECTION 2.19. 
 “LIBO Borrowing” means a Borrowing comprised of LIBO Loans. 

“LIBO Loan” shall mean any Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in
accordance with the provisions of Article II. 
 “LIBO Rate” means, with respect to any LIBO Borrowing for any
Interest Period, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as designated by the Agent from
time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period.
If such rate is not available at such time for any reason, then the “LIBO Rate” for such Interest Period shall be the rate per annum determined by the Agent to be the rate at which deposits in Dollars for delivery on the first day of such
Interest Period in same day funds in the approximate amount of the LIBOR Rate Loan being made, continued or converted by the Bank and with a term equivalent to such Interest Period would be offered by the Bank’s London Branch to major banks in
the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period. 

 

 39 

 “Lien” means, with respect to any asset, (a) any mortgage, deed of
trust, lien, pledge, hypothecation, encumbrance, collateral assignment, charge or security interest in, on or of such asset, and, with respect to the Canadian Borrower, also includes any prior claim or deemed trust in, on or of such asset,
(b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and
(c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 

“Line Cap” means, at any time of determination, the lesser of (a) the Total Commitments or (b) the Combined
Borrowing Base. 
 “Liquidation” means the exercise by the Administrative Agent, the Co-Collateral Agents or
the Canadian Agent, as applicable, of those rights and remedies accorded to the Administrative Agent, the Co-Collateral Agents or the Canadian Agent, as applicable, under the Loan Documents and Applicable Law as a creditor of the Loan Parties,
including (after the occurrence and during the continuation of an Event of Default) the conduct by the Loan Parties, acting with the consent of the Co-Collateral Agents, of any public, private or “Going-Out-Of-Business Sale” or other
disposition of Collateral for the purpose of liquidating the Collateral. Derivations of the word “Liquidation” (such as “Liquidate”) are used with like meaning in this Agreement. 

“Liquidation Percentage” shall mean, for any Lender, a fraction, the numerator of which is the sum of such Lender’s
Domestic Commitment and Canadian Commitment on the Determination Date and the denominator of which is the Total Commitments of all Lenders on the Determination Date. 

“Loan Account” has the meaning provided in SECTION 2.20. 

“Loan Documents” means this Agreement, the Notes, the Letters of Credit, the Intercreditor Agreement and the Security
Documents and any other instrument or agreement now or hereafter executed and delivered by a Loan Party in connection herewith that is expressly designated to be a “Loan Document” (excluding agreements entered into in connection with any
transaction arising out of any Bank Product or Cash Management Services), each as amended and in effect from time to time. 

“Loan Party” or “Loan Parties” means the Borrowers and the Facility Guarantors. 

“Loans” means all Revolving Credit Loans (including Domestic Loans and Canadian Loans), Swingline Loans and other
advances to or for account of any of the Borrowers pursuant to this Agreement. 
 “Low Selling
Period” means (i) with respect to the TRU Inventory owned by the Domestic Loan Parties and all Inventory owned by the Canadian Loan Parties, the period in each year commencing on the first day after the first Sunday after
December 15th and ending on
October 14th of the subsequent year and
(ii) with respect to BRU Inventory owned by the Domestic Loan Parties, the period in each year commencing on November 1 and ending on January 31 of the subsequent year. 

 

 40 

 “Margin Stock” has the meaning assigned to such term in Regulation U.

 “Master Lease” means, collectively, each of the Master Leases entered into by a Loan Party with any Special
Purpose Entity of the Parent and its Subsidiaries, and any and all modifications thereto, substitutions therefore and replacements thereof made with the consent of the Co-Collateral Agents or not in violation of the provisions of SECTION 6.09.

 “Master Lease Liquidation Event” means the acceleration of any Indebtedness of a Special Purpose Entity (or
any successor in interest thereto) which is secured by the Real Estate which is the subject of a Master Lease, whether under the CMBS Facilities, the Supplemental Real Estate Facilities or otherwise, and the commencement of the exercise of remedies
seeking to collect such Indebtedness (including, without limitation, foreclosure, by the holder of such Indebtedness), as a result of which either (a) the Loan Parties occupying such Real Estate could reasonably be expected to be dispossessed
of such Real Estate due to the failure by the Loan Party to fulfill the terms of any SNDA or (b) any Access Agreement could reasonably be expected to be unenforceable or ineffective. 

“Material Adverse Effect” means any event, facts, or circumstances, which, after the Effective Date, has a material
adverse effect on (a) the business, assets, financial condition or income of the Loan Parties taken as a whole or (b) the validity or enforceability of this Agreement or the other Loan Documents in any material respect or any of the
material rights or remedies of the Secured Parties hereunder or thereunder. 
 “Material Indebtedness” means
Indebtedness (other than the Obligations) of the Loan Parties, individually or in the aggregate, having an aggregate principal amount exceeding $190,000,000. 

“Material Canadian Subsidiary” means, as to any Person, a Canadian Subsidiary of such Person that, as of the end of the
most recent Fiscal Quarter for which annual financial statements or quarterly financial statements (whichever are more recent) are available prior to the date of determination, (a) owns assets consisting of Inventory, Accounts, and Eligible
Real Estate of more than $5,000,000, individually, or collectively with all non-Material Canadian Subsidiaries, more than $15,000,000 of such assets, (b) owns tangible net assets (as determined in accordance with GAAP), whether or not of the
type included in the Canadian Borrowing Base of more than $20,000,000 or (c) has been designated by the Lead Borrower in a written notice to the Administrative Agent as a Material Canadian Subsidiary. The designation of a Subsidiary as a
“Material Canadian Subsidiary” shall be permanent notwithstanding any subsequent reduction in such Subsidiary’s net tangible assets, unless otherwise consented to by the Administrative Agent. As of the Effective Date, the Subsidiaries
listed on Schedule 1.2 are not Material Canadian Subsidiaries. 
 “Material Domestic Subsidiary” means,
as to any Person, a Domestic Subsidiary of such Person that, as of the end of the most recent Fiscal Quarter for which annual financial statements or quarterly financial statements (whichever are more recent) are available prior to the date of
determination, (a) owns assets consisting of Inventory and Accounts of more than $10,000,000, individually, or collectively with all non-Material Domestic Subsidiaries, more than $40,000,000 of such assets, (b) owns tangible net assets (as
determined in accordance with GAAP), whether 
  

 41 

 
or not of the type included in the Tranche A Borrowing Base of more than $50,000,000 or (c) has been designated by the Lead Borrower in a written notice to the Administrative Agent as a
Material Domestic Subsidiary. The designation of a Subsidiary as a “Material Domestic Subsidiary” shall be permanent notwithstanding any subsequent reduction in such Subsidiary’s net tangible assets, unless otherwise consented to by
the Administrative Agent. Notwithstanding the foregoing, Geoffrey Holdings LLC (as well as any successor direct parent company of Geoffrey) and each other Subsidiary of the Lead Borrower that is a Loan Party on the Effective Date (in each case so
long as they are a Subsidiary of a Loan Party), shall at all times be deemed a Material Domestic Subsidiary. As of the Effective Date, the Subsidiaries listed on Schedule 1.3 are not Material Domestic Subsidiaries. 

“Material Subsidiary” means a Material Canadian Subsidiary or a Material Domestic Subsidiary, as the case may be.

 “Maturity Date” means August 10, 2015. 

“Maximum Rate” has the meaning provided in SECTION 9.13. 

“Minority Lenders” has the meaning provided in SECTION 9.02(c). 

“Monthly Excess Availability” means, for any date of calculation, Excess Availability on the last day of each month
during such measurement period. 
 “Moody’s” means Moody’s Investors Service, Inc. 

“Mortgages” means the Collateral Mortgages, Assignments of Leases and Rents, Hypothecs of Immoveable Property and any
other security documents granting a Lien on Real Estate between the Loan Party owning the Real Estate encumbered thereby and the Canadian Agent for the benefit of the Canadian Agent and the other Secured Parties. 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 

“Net Proceeds” means, with respect to any event, (a) the cash proceeds received in respect of such event, including
(i) any cash received in respect of any non-cash proceeds, but only as and when received, (ii) in the case of a casualty, insurance proceeds, and (iii) in the case of a condemnation or similar event, condemnation awards and similar
payments, in each case net of (b) the sum of (i) all reasonable fees and out-of-pocket fees and expenses (including appraisals, and brokerage, legal, title and recording or transfer tax expenses and commissions) paid by any Loan Party or a
Subsidiary to third parties (other than Affiliates, except to the extent permitted under SECTION 6.07 hereof) in connection with such event, and (ii) in the case of a sale or other disposition of an asset (including pursuant to a casualty or
condemnation), the amount of all payments required to be made by any Loan Party or any of their respective Subsidiaries as a result of such event to repay (or to establish an escrow for the repayment of) any Indebtedness (other than the Obligations
and any other obligations secured by the Security Documents) secured by a Permitted Encumbrance that is senior to the Lien of the Administrative Agent or Canadian Agent, as applicable, and (iii) as long as the Determination Date has not
occurred, capital gains or other income taxes paid or payable as a result of any such sale or disposition (after taking into account any available tax credits or deductions). 

 

 42 

 “Notes” means, collectively, (a) the Revolving Credit Notes and
(b) the Swingline Notes, each as may be amended, supplemented or modified from time to time. 

“Obligations” means (a) (i) the principal of, and interest (including all interest that accrues after the
commencement of any case or proceeding by or against any Borrower or Facility Guarantor under the Bankruptcy Code or any state, federal or provincial bankruptcy, insolvency, receivership or similar law, whether or not allowed in such case or
proceeding) on the Loans and Facility Guarantees, (ii) other amounts owing by the Loan Parties under this Agreement or any other Loan Document in respect of any Letter of Credit, including payments in respect of reimbursement of disbursements,
interest thereon and obligations to provide cash collateral and (iii) all other monetary obligations, including fees, costs, expenses and indemnities (including all fees, costs, expenses and indemnities that accrue after the commencement of any
case or proceeding by or against any Borrower or Facility Guarantor under the Bankruptcy Code or any state, federal or provincial bankruptcy, insolvency, receivership or similar law, whether or not allowed in such case or proceeding), whether
primary, secondary, direct, contingent, fixed or otherwise, of the Loan Parties to the Secured Parties under this Agreement and the other Loan Documents, and (b) the due and punctual payment and performance of all the covenants, agreements,
obligations and liabilities of each Loan Party under or pursuant to this Agreement and the other Loan Documents. Without limiting the foregoing, for purposes of clarity, whenever used herein the term “Obligations” shall include all
Canadian Liabilities. 
 “Other Borrower” means each Person who shall from time to time enter into a Joinder
Agreement as a “Domestic Borrower” hereunder. 
 “Other Liabilities” means (a) any Cash
Management Services furnished to any of the Loan Parties or any of their Subsidiaries and/or (b) any transaction with any Agent, the Canadian Agent, any Lender or any of their respective Affiliates, which arises out of any Bank Product entered
into with any Loan Party and any such Person, as each may be amended from time to time. 
 “Other Taxes” means
any and all current or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with
respect to, any Loan Document. 
 “Participant” shall have the meaning provided in SECTION 9.04(e). 

“Parent” means Toys “R” Us, Inc., a Delaware corporation. 

“Participation Register” has the meaning provided in SECTION 9.04(e). 

“Payment Conditions” means, at the time of determination with respect to a specified transaction or payment, that
(a) no Specified Default then exists or would arise as a result of the entering into of such transaction or the making of such payment and (b) after giving effect to such transaction or payment, the Pro Forma Availability Condition has
been satisfied and the 
  

 43 

 
Consolidated Fixed Charge Coverage Ratio, as calculated on a trailing twelve months basis after giving effect to such transaction or payment, is greater than 1.0:1.0. Prior to undertaking any
transaction or payment which is subject to the Payment Conditions, the Loan Parties shall deliver to the Administrative Agent evidence of satisfaction of the conditions contained in clause (b) above on a basis reasonably satisfactory to the
Administrative Agent. 
 “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA
and any successor entity performing similar functions. 
 “Permanent Financing Facility” means any Indebtedness
facility or facilities, the proceeds of which are used for any purpose determined by the Responsible Officers in their reasonable business judgment and otherwise permitted hereunder, so long as after giving effect thereto (i) the final maturity
date of such Indebtedness (including all options of the Borrowers to extend the maturity date included in the documentation evidencing same) shall be on or after the Maturity Date, and (ii) no scheduled principal amortization in excess of
$200,000,000 in any Fiscal Year or $500,000,000 in the aggregate after the First Amendment and Restatement Effective Date is required until on or after the Maturity Date. 

“Permitted Acquisition” means any Acquisition in which each of the following conditions is satisfied: 

(a) No Default or Event of Default then exists or would arise from the consummation of such Acquisition; 

(b) Such Acquisition shall have been approved by the Board of Directors of the Person (or similar governing body if such
Person is not a corporation) which is the subject of such Acquisition and such Person shall not have announced that it will oppose such Acquisition or shall not have commenced any action which alleges that such Acquisition will violate Applicable
Law; 
 (c) The Lead Borrower shall have furnished the Administrative Agent with five (5) Business Days
prior written notice of such intended Acquisition and shall have furnished the Administrative Agent with (i) a current draft of the acquisition agreement and other material acquisition documents relating to the Acquisition and (ii) to the
extent the purchase price relating to the Acquisition is in excess of $100,000,000 (excluding such portion of the purchase price consisting of Capital Stock or Subordinated Indebtedness of a Loan Party (or cash proceeds of the issuance of the
foregoing) or contingent Earn-Out Obligations), a summary of due diligence undertaken by the Borrowers in connection with such Acquisition, applicable financial statements of the Person which is the subject of such Acquisition, pro forma projected
financial statements for the twelve (12) month period following such Acquisition after giving effect to such Acquisition (including balance sheets, cash flows and income statements by month for the acquired Person, individually, and on a
Consolidated basis with all Loan Parties) and such other information readily available to the Loan Parties as the Administrative Agent shall reasonably request; 
  

 44 

 (d) To the extent the purchase price relating to the Acquisition is in
excess of $100,000,000 and any portion of such amount is financed with the proceeds of any Credit Extensions, the legal structure of the Acquisition shall be acceptable to the Administrative Agent in its reasonable discretion (provided the
Administrative Agent’s indication of acceptability shall not be unreasonably withheld or delayed); 
 (e) If
the Acquisition is an Acquisition of Capital Stock, (i) a Loan Party shall acquire and own, directly or indirectly, a majority of the Capital Stock in the Person being acquired and (ii) shall Control a majority of any voting interests or
otherwise Control the governance of the Person being acquired; 
 (f) Any material assets acquired shall be
utilized in, and if the Acquisition involves a merger, consolidation or stock acquisition, the Person which is the subject of such Acquisition shall be engaged in, a business otherwise permitted to be engaged in by a Borrower under this Agreement;

 (g) If the Person which is the subject of such Acquisition will be maintained as a Subsidiary of a Loan Party,
or if the assets acquired in an acquisition will be transferred to a Subsidiary which is not then a Loan Party, such Subsidiary shall have been joined as a “Borrower” hereunder or as a Facility Guarantor, as required by SECTION 5.12, and
the Administrative Agent or the Canadian Agent, as applicable, shall have received a first priority security and/or mortgage interest (subject only to Permitted Encumbrances (x) having priority by operation of Applicable Law on Collateral
included in the Tranche A Borrowing Base and/or the Canadian Borrowing Base, or (y) on any Collateral not described in clause (x) above) in such Subsidiary’s Inventory, Accounts and other property constituting Collateral under the
Security Documents in order to secure the Obligations and the Other Liabilities (or the Canadian Liabilities if such Person is a Canadian Loan Party); and 

(h) The Borrowers shall have satisfied the Payment Conditions. 

“Permitted Canadian Overadvance” means a Canadian Overadvance made by the Canadian Agent, in its reasonable discretion,
or at the direction of any Co-Collateral Agent, which: 
 (a) Is made to maintain, protect or preserve the
Collateral and/or the Secured Parties’ rights under the Loan Documents or which is otherwise for the benefit of the Secured Parties; or 

(b) Is made to enhance the likelihood of, or maximize the amount of, repayment of any Obligation; or 

(c) Is made to pay any other amount chargeable to the Canadian Borrower hereunder; and 

(d) Together with all other Permitted Canadian Overadvances then outstanding, shall not (i) exceed the lesser of
$10,000,000 or five percent (5%) of the Canadian Borrowing Base in the aggregate outstanding at any time, (ii) unless a 

 

 45 

 
Liquidation is occurring, remain outstanding for more than forty-five (45) consecutive Business Days, and (iii) unless a Liquidation is occurring, be made more than on one occasion
during any 180 consecutive day period or on more than two occasions in any twelve month period, unless, in the case of clauses (ii) and (iii), the Required Lenders otherwise agree; 

provided however, that the foregoing shall not (i) modify or abrogate any of the provisions of SECTION 2.13(e)
regarding any Lender’s obligations with respect to Letter of Credit Disbursements, or (ii) result in any claim or liability against the Canadian Agent or any Co-Collateral Agent (regardless of the amount of any Canadian Overadvance) for
“inadvertent Canadian Overadvances” (i.e. where a Canadian Overadvance results from changed circumstances beyond the control of the Canadian Agent or the Co-Collateral Agents (such as a reduction in the collateral value)) and such
“inadvertent Overadvances” shall not reduce the amount of Permitted Canadian Overadvances allowed hereunder; provided further that in no event shall the Canadian Agent make a Canadian Overadvance, if after giving effect
thereto, the principal amount of the Canadian Loans and the then amount of the Canadian Letter of Credit Outstandings would exceed the aggregate of the Canadian Commitments (as in effect prior to any termination of the Canadian Commitments pursuant
to SECTION 7.01). 
 “Permitted Disposition” means any of the following: 

(a) (i) Licenses, sublicenses, settlement of claims, and entering into co-existence agreements with respect to
intellectual property or (ii) licenses of licensed departments of a Loan Party or any of its Subsidiaries, in each case, in the ordinary course of business or (iii) the sale, transfer or other disposition of intellectual property (or
related rights thereto) to Geoffrey so long as such intellectual property (or related rights thereto) is subject to the Intercompany Licenses (as defined in the Security Agreement) and the Intellectual Property Rights Agreement; 

(b) As long as no breach of the provisions of SECTION 6.10 hereof then exists or would arise therefrom, bulk sales or
other dispositions of the Loan Parties’ Inventory not in the ordinary course of business in connection with Store closings, at arm’s length; provided that such Store closures and related Inventory dispositions shall not
exceed (i) in any Fiscal Year of the Parent and its Subsidiaries, fifteen percent (15%) of the number of the Loan Parties’ Stores as of the beginning of such Fiscal Year (net of new Store openings) and (ii) in the aggregate from
and after the Effective Date, thirty percent (30%) of the number of the Loan Parties’ Stores in existence as of the Effective Date (net of new Store openings); provided further that all sales of Inventory in connection with
Store closings in a transaction or series of related transactions which in the aggregate involve Inventory having a value greater than $20,000,000 at Cost shall be in accordance with liquidation agreements and with professional liquidators
reasonably acceptable to the Co-Collateral Agents; provided further that all Net Proceeds received in connection therewith, whether or not a Cash Dominion Event then exists, shall be paid over to the Administrative Agent on receipt by
the Loan Parties and shall be utilized to prepay the Loans in the order of priority set forth in SECTION 7.03; and provided further that, notwithstanding the existence of a breach of the provisions of SECTION 6.10 hereof, such bulk
sales or dispositions may be undertaken in accordance with this clause (b) if, as a result thereof, Excess Availability would be greater than existed prior to such disposition; 

 

 46 

 (c) Dispositions of assets (other than Real Estate and other than assets
included in the Canadian Borrowing Base or the Tranche A Borrowing Base) in the ordinary course of business that are substantially worn, damaged, obsolete or, in the judgment of a Loan Party, no longer useful or necessary in its business or that of
any Subsidiary; 
 (d) Sales, transfers and dispositions among the Loan Parties; provided that no
such sales, transfers or dispositions shall be made from a Domestic Loan Party to a Canadian Loan Party, if, after giving effect thereto, the provisions of SECTION 6.10 hereof would be breached; 

(e) As long as no Specified Default then exists or would arise therefrom, sales and transfers of Real Estate of any
Domestic Loan Party (or sales or transfers of any Person or Persons created to hold such Real Estate or the equity interests in such Person or Persons), including sale-leaseback transactions involving any such Real Estate, as long as: (i) such
sale or transfer is made for fair market value; (ii) any such lease is on market terms (iii) if such sale or transfer is made to a non-Affiliated Person, the consideration received for such sale or transfer is at least 50% cash or, if such
sale or transfer is to an Affiliated Person, the entire consideration received for such sale or transfer is paid in cash; 

provided that, in the case of any sale-leaseback transaction permitted hereunder, the Agents shall have received from each
such purchaser or transferee a collateral access agreement on terms and conditions reasonably satisfactory to the Agents; provided further that, notwithstanding the existence of a breach of the provisions of SECTION 6.10 hereof, sales
(but not transfers) of Real Estate of the Domestic Loan Parties may be undertaken in accordance with this clause (e) if, as a result thereof, Excess Availability would be greater than existed prior to such sales; 

(f) Sales or forgiveness of Accounts in the ordinary course of business or in connection with the collection or compromise
thereof; 
 (g) Leases, subleases, licenses and sublicenses of real or personal property entered into by Loan
Parties and their Subsidiaries in the ordinary course of business at arm’s length and on market terms; 

(h) Sales of non-core assets acquired in connection with Permitted Acquisitions which are not used in the business of the
Loan Parties; 
 (i) Issuances of equity by Foreign Subsidiaries (other than the Canadian Borrower or any other
Canadian Subsidiary) to qualifying directors of such Foreign Subsidiaries; 
 (j) As long as no Event of Default
would arise therefrom, sales or other dispositions of Permitted Investments (other than those described in clauses (h)(ii), (i), (n), (o), (p), (u), (v), and (x) of the definition thereof) and the Loan Parties’ interest in SALTRU
Associates JV; 
  

 47 

 (k) Any disposition of Real Estate to a Governmental Authority as a result
of a condemnation of such Real Estate; provided that all Net Proceeds received from Real Estate of the Canadian Loan Parties in connection therewith are applied to the Canadian Liabilities, if then required in accordance with SECTION
2.17 or SECTION 2.18 hereof; 
 (l) The making of Permitted Investments and payments permitted under SECTION
6.06; 
 (m) Permitted Encumbrances; 

(n) Leasing of Real Estate no longer used in the business of the Loan Parties; 

(o) Exchanges or swaps of Equipment, Store leases and other Real Estate of the Domestic Loan Parties having substantially
equivalent value; provided that, upon the completion of any such exchange or swap, (i) the Administrative Agent or the Canadian Agent, as applicable, for its own benefit and the benefit of other Secured Parties, has a perfected
first priority lien (subject only to Permitted Encumbrances having priority by operation of Applicable Law) in such Equipment received by the Loan Parties, and (ii) all Net Proceeds, if any, received in connection with any such exchange or swap
of Equipment are applied to the Obligations or the Canadian Liabilities, as applicable, if then required in accordance with SECTION 2.17 or SECTION 2.18 hereof; 

(p) Forgiveness of Permitted Investments described in clauses (h)(ii), (i), and (n) of the definition thereof as long
as the Payment Conditions are satisfied at the time of forgiveness and such Investment does not constitute proceeds of Collateral previously included in the Tranche A Borrowing Base or the Canadian Borrowing Base; 

(q) As long as no Event of Default exists or would arise as a result of the transaction, sales of a Subsidiary (or any
Special Purpose Entity or its subsidiaries) or any business segment, or any portion thereof (including, in each case, sales of any Person created to hold such assets), (i) to a Person other than a Loan Party or a Subsidiary or Affiliate of a
Loan Party, for fair market value, or (ii) to a Subsidiary or Affiliate of a Loan Party, if the Payment Conditions are satisfied; provided that, in each case, such sale shall be for cash in an amount at least equal to the greater
of the amounts advanced or available to be advanced against the assets included in the sale under the Tranche A Borrowing Base or Canadian Borrowing Base, as applicable; provided further that all Net Proceeds, if any, received in
connection with any such sales are applied to the Obligations or the Canadian Liabilities, as applicable, if then required in accordance with SECTION 2.17 or SECTION 2.18 hereof; 

(r) As long as no breach of the provisions of SECTION 6.10 hereof exists or would arise as a result of the transaction,
sales or other dispositions of Real Estate of the Canadian Loan Parties for fair market value; provided that such sale shall be for cash in an amount at least equal to the greater of the amounts advanced or available to be advanced
against the assets included in the sale under the Canadian Borrowing Base; 
  

 48 

 
provided further that all Net Proceeds, if any, received in connection with any such sales are applied to the Canadian Liabilities, if then required in accordance with SECTION 2.17
or SECTION 2.18 hereof; and provided further that, notwithstanding the existence of a breach of the provisions of SECTION 6.10 hereof, sales of Real Estate of the Canadian Loan Parties may be undertaken if, as a result thereof, Excess
Availability would be greater than existed prior to such sale; 
 (s) As long as no Specified Default exists or
would arise as a result of the transaction, other dispositions of assets (other than Real Estate and assets included in the Canadian Borrowing Base or the Tranche A Borrowing Base) in an aggregate amount for all Loan Parties not to exceed
$100,000,000 in any Fiscal Year; provided that all Net Proceeds, if any, received in connection with any such sales are applied to the Obligations or the Canadian Liabilities, as applicable, if then required in accordance with SECTION
2.17 or SECTION 2.18 hereof; provided further that, notwithstanding the existence of a breach of the provisions of SECTION 6.10 hereof, such dispositions may be undertaken in accordance with this clause (s) if, as a result
thereof, Excess Availability would be greater than existed prior to such dispositions; and 
 (t) Sale-leaseback
transactions of Equipment, to the extent not otherwise prohibited hereunder. 
 “Permitted Domestic
Overadvance” means a Domestic Overadvance made by the Administrative Agent, in its reasonable discretion, or at the direction of any Co-Collateral Agent, which: 

(a) Is made to maintain, protect or preserve the Collateral and/or the Secured Parties’ rights under the Loan
Documents or which is otherwise for the benefit of the Secured Parties; or 
 (b) Is made to enhance the
likelihood of, or maximize the amount of, repayment of any Obligation; or 
 (c) Is made to pay any other amount
chargeable to any Domestic Borrower hereunder; and 
 (d) Together with all other Permitted Domestic Overadvances
then outstanding, shall not (i) exceed the lesser of $100,000,000 or five percent (5%) of the Tranche A Borrowing Base in the aggregate outstanding at any time, (ii) unless a Liquidation is occurring, remain outstanding for more than
forty-five (45) consecutive Business Days, and (iii) unless a Liquidation is occurring, be made more than on one occasion during any 180 consecutive day period or on more than two occasions in any twelve month period, unless, in the case
of clauses (ii) and (iii), the Required Lenders otherwise agree; 
 provided however, that the foregoing
shall not (i) modify or abrogate any of the provisions of SECTION 2.13(e) regarding any Lender’s obligations with respect to Letter of Credit Disbursements, or (ii) result in any claim or liability against the Administrative Agent or
any Co-Collateral Agent (regardless of the amount of any Domestic Overadvance) for 
  

 49 

 
“inadvertent Domestic Overadvances” (i.e. where a Domestic Overadvance results from changed circumstances beyond the control of the Administrative Agent or the Co-Collateral Agents
(such as a reduction in the collateral value)) and such “inadvertent Overadvances” shall not reduce the amount of Permitted Domestic Overadvances allowed hereunder; provided further that in no event shall the Administrative
Agent make a Domestic Overadvance, if after giving effect thereto, the principal amount of the Domestic Loans and the then amount of the Domestic Letter of Credit Outstandings would exceed the aggregate of the Domestic Commitments (as in effect
prior to any termination of the Domestic Commitments pursuant to SECTION 7.01). 
 “Permitted Encumbrances”
means: 
 (a) Liens imposed by law for Taxes that are not required to be paid pursuant to SECTION 5.05;

 (b) Carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like
Liens imposed by Applicable Law (i) arising in the ordinary course of business and securing obligations that are not overdue by more than sixty (60) days, (ii) (A) that are being contested in good faith by appropriate
proceedings, (B) as to which the applicable Loan Party or Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (C) such contest effectively suspends collection of the contested obligation
and enforcement of any Lien securing such obligation, or (iii) the existence of which would not reasonably be expected to result in a Material Adverse Effect; 

(c) Pledges and deposits made in the ordinary course of business in compliance with workers’ compensation,
unemployment insurance and other social security laws or regulations; 
 (d) Deposits to secure, or relating to,
the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds (and Liens arising in accordance with Applicable Law in connection therewith), and other obligations of a like nature, in each case
in the ordinary course of business; 
 (e) Judgment Liens in respect of judgments that do not constitute an Event
of Default under SECTION 7.01(k); 
 (f) Easements, covenants, conditions, restrictions, building code laws,
zoning restrictions, rights-of-way, development, site plan or similar agreements and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially
detract from the value of the affected property or materially interfere with the ordinary conduct of business of a Loan Party and such other minor title defects, or survey matters that are disclosed by current surveys, but that, in each case, do not
interfere with the current use of the property in any material respect; 
 (g) Any Lien on any property or asset
of any Loan Party set forth on Schedule 6.02; provided that, if such Lien secures Indebtedness, such Lien shall secure only the Indebtedness listed on Schedule 6.01 as of the Effective Date (and extensions, renewals and
replacements thereof permitted under SECTION 6.01); 
  

 50 

 (h) (i) Liens on fixed or capital assets acquired by any Loan Party which
are permitted under clause (e) of the definition of Permitted Indebtedness, so long as (A) such Liens and the Indebtedness secured thereby are incurred prior to or within ninety (90) days after such acquisition or the completion of
the construction or improvement thereof (other than refinancings thereof permitted hereunder), (B) the Indebtedness secured thereby does not exceed 100% of the cost of acquisition or improvement of such fixed or capital assets, (C) such
Liens shall not violate the terms of the Indentures, and (D) such Liens shall not extend to any other property or assets of the Loan Parties; and (ii) Liens incurred in connection with sale-leaseback transactions of fixed or capital assets
permitted under clause (m) of the definition of Permitted Indebtedness, so long as (A) such Liens shall not violate the terms of the Indentures, and (B) such Liens shall not extend to any other property or assets of the Loan Parties;

 (i) Liens in favor of the Administrative Agent or the Canadian Agent, as applicable, for its own benefit and
the benefit of the other Secured Parties; 
 (j) Landlords’ and lessors’ Liens in respect of rent not
in default for more than sixty (60) days or the existence of which, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect; 

(k) Possessory Liens in favor of brokers and dealers arising in connection with the acquisition or disposition of
Investments owned as of the Effective Date and Permitted Investments; provided that such liens (a) attach only to such Investments and (b) secure only obligations incurred in the ordinary course and arising in connection with
the acquisition or disposition of such Investments and not any obligation in connection with margin financing; 

(l) Liens arising solely by virtue of any statutory or common law provisions relating to banker’s liens, liens in
favor of securities intermediaries, rights of setoff or similar rights and remedies as to deposit accounts or securities accounts or other funds maintained with depository institutions or securities intermediaries; 

(m) Liens on Real Estate or on the Capital Stock of the Persons owning such Real Estate to finance or refinance
Indebtedness permitted by clause (j) of the definition of Permitted Indebtedness; provided that such Liens shall not apply to any property or assets of the Loan Parties other than the Real Estate or Capital Stock so financed or
refinanced; 
 (n) Liens attaching solely to cash earnest money deposits in connection with any letter of intent
or purchase agreement in connection with a Permitted Acquisition; 
 (o) Liens arising from precautionary UCC
filings regarding “true” operating leases or the consignment of goods to a Loan Party; 
  

 51 

 (p) Voluntary Liens on Fixed Assets in existence at the time such Fixed
Assets are acquired pursuant to a Permitted Acquisition or on Fixed Assets of a Subsidiary of a Loan Party in existence at the time such Subsidiary is acquired pursuant to a Permitted Acquisition; provided that such Liens are not
incurred in connection with or in anticipation of such Permitted Acquisition and do not attach to any other assets of any Loan Party or any of its Subsidiaries; 

(q) Liens in favor of customs and revenues authorities imposed by Applicable Law arising in the ordinary course of
business in connection with the importation of goods and securing obligations (i) that are not overdue by more than sixty (60) days, (ii)(A) that are being contested in good faith by appropriate proceedings, (B) as to which the
applicable Loan Party or Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (C) such contest effectively suspends collection of the contested obligation and enforcement of any Lien securing
such obligation, or (iii) the existence of which would not reasonably be expected to result in a Material Adverse Effect; 

(r) Liens placed on any of the assets or equity interests of a Foreign Subsidiary (other than the Canadian Borrower or any
other Canadian Loan Party); 
 (s) Any interest or title of a licensor, sublicensor, lessor or sublessor under
any license or operating or true lease agreement; 
 (t) Licenses, sublicenses, leases or subleases granted to
third Persons in the ordinary course of business; 
 (u) The replacement, extension or renewal of any Permitted
Encumbrance; provided that such Lien shall at no time be extended to cover any assets or property other than such assets or property subject thereto on the Effective Date or the date such Lien was incurred, as applicable; 

(v) Liens on insurance proceeds incurred in the ordinary course of business in connection with the financing of insurance
premiums; 
 (w) Liens on securities which are the subject of repurchase agreements incurred in the ordinary
course of business; 
 (x) Liens arising by operation of law under Article 4 of the UCC (or any similar law in
Canada) in connection with collection of items provided for therein; 
 (y) Liens arising by operation of law
under Article 2 of the UCC (or any similar laws in Canada) in favor of a reclaiming seller of goods or buyer of goods; 

(z) Liens on deposit accounts or securities accounts in connection with overdraft protection and netting services;

 (aa) Security given to a public or private utility or any Governmental Authority as required in the ordinary
course of business; 
  

 52 

 (bb) With respect to any Real Property located in Canada, any rights,
reservations, limitations and conditions contained in the grant from the Crown or any Crown Patent; 
 (cc) Liens
on royalty payments due or to become due to Geoffrey and its Subsidiaries to secure Indebtedness described in clause (y) of the definition of Permitted Indebtedness; 

(dd) Liens on assets not otherwise permitted hereunder; provided that (i) if such Liens secure
Indebtedness, such Indebtedness is Permitted Indebtedness and (ii) no Collateral consisting of Inventory, Accounts, and Eligible Real Estate and the proceeds thereof is subject to any such Liens (other than those Permitted Encumbrances
described in clauses (a) and (b) of the definition of Permitted Encumbrances) and (iii) the aggregate outstanding principal amount of the obligations secured by such Liens does not exceed (as to all Loan Parties) $100,000,000 at any
one time; 
 (ee) Liens in favor of a financial institution encumbering deposits (including the right of setoff)
held by such financial institution in the ordinary course of business in respect of Indebtedness permitted hereunder and which are within the general parameters customary in the banking industry; 

(ff) Liens in the nature of the right of setoff in favor of counterparties to contractual agreements with the Loan Parties
(other than the Sponsor Related Parties (other than the Parent and any of its Subsidiaries)) in the ordinary course of business; 

(gg) Liens to secure Indebtedness, to the extent permitted under clauses (h), (i), (w), (aa) and (bb) of the definition of
Permitted Indebtedness, provided that the holders of Indebtedness under clauses (h), (i), (aa) and (bb) shall have entered into an intercreditor agreement with the Agents on terms reasonably satisfactory to the Administrative Agent; and 

(hh) Liens on the assets of the Lead Borrower and certain of its Domestic Subsidiaries to secure Indebtedness under the
Term Loan; 
 provided, however, that, except as provided in any one or more of clauses (a) through (hh)
above, the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness for borrowed money. The designation of a Lien as a Permitted Encumbrance shall not limit or restrict the ability of the Agents to establish any
Reserve relating thereto. 
 “Permitted Indebtedness” means each of the following: 

(a) Indebtedness created under the Loan Documents; 

(b) Indebtedness set forth on Schedule 6.01 and extensions, renewals and replacements of any such Indebtedness, so
long as, after giving effect thereto, (i) the principal amount of the Indebtedness outstanding at such time is not increased (except by the amount of any accrued interest, reasonable closing costs, expenses, fees, and premium paid in connection
with such extension, renewal or replacement), (ii) if the final maturity 
  

 53 

 
date of such Indebtedness on Schedule 6.01 is prior to the Maturity Date, the result of such extension, renewal or replacement shall not be an earlier maturity date or decreased weighted
average life, and (iii) if the final maturity date of such Indebtedness on Schedule 6.01 is after the Maturity Date, the result of such extension, renewal or replacement shall not be a maturity date earlier than the Maturity Date;

 (c) Indebtedness of any Loan Party to any other Loan Party or to the Parent or any of the Parent’s other
Subsidiaries; 
 (d) Guarantees by any Loan Party of Indebtedness or other obligations arising in the ordinary
course of business of any other Loan Party; 
 (e) Purchase money Indebtedness of any Loan Party to finance the
acquisition or improvement of any fixed or capital assets (other than Real Estate), including Capital Lease Obligations (including therein any Indebtedness incurred in connection with sale-leaseback transactions permitted under clause (m) of
this definition), and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and extensions, renewals and replacements of any such Indebtedness that do
not increase the outstanding principal amount thereof or result in an earlier maturity date or decreased weighted average life thereof; provided that the holders of such Indebtedness are not afforded covenants, defaults, rights or
remedies more burdensome in any material respect to the obligor or obligors than those contained in the Indebtedness being extended, renewed or replaced; provided further that, if requested by the Co-Collateral Agents, the Loan Parties
will use commercially reasonable efforts to cause the holder of such Indebtedness to enter into an intercreditor agreement with the Co-Collateral Agents or the Canadian Agent, as applicable, providing for access and use of the property during a
Liquidation on terms reasonably satisfactory to the Co-Collateral Agents; 
 (f) Indebtedness under Hedge
Agreements, other than for speculative purposes, entered into in the ordinary course of business (including on behalf of an Affiliate of a Loan Party); 

(g) Contingent liabilities under surety bonds or similar instruments incurred in the ordinary course of business in
connection with the construction or improvement of retail stores; 
 (h) Indebtedness of the Lead Borrower and
the Domestic Subsidiaries which are guarantors under the Term Loan; provided that in no event shall the principal amount of such Indebtedness, when combined with Indebtedness outstanding under clauses (i), (aa) and (bb) of this
definition, exceed $2,750,000,000 (plus non-cash accruals of interest, accretion or amortization of original issue discount and/or payment-in-kind interest) at any time outstanding; 

(i) Indebtedness under the Permanent Financing Facility; provided that in no event shall the principal
amount of such Indebtedness, when combined with Indebtedness outstanding under clauses (h), (aa) and (bb) of this definition, exceed $2,750,000,000 (plus non-cash accruals of interest, accretion or amortization of original issue discount and/or
payment-in-kind interest) at any time outstanding; 
  

 54 

 (j) Indebtedness incurred for the construction or acquisition or improvement
of, or to finance or to refinance, any Real Estate owned by any Loan Party (including therein any Indebtedness incurred in connection with sale-leaseback transactions permitted under clause (m) hereof); provided that, (i) the
incurrence of such Indebtedness shall not violate or result in a default under the Indentures and (ii) with respect to any Eligible Real Estate, the proceeds therefrom are at least equal to the amounts then available to be borrowed with respect
thereto under the Canadian Borrowing Base and (iii) all Net Proceeds received in connection with any Indebtedness are applied to the Canadian Liabilities if then required in accordance with SECTION 2.17 or SECTION 2.18 hereof; 

(k) Indebtedness with respect to the deferred purchase price for any Permitted Acquisition; provided that
such Indebtedness does not require the payment in cash of principal (other than in respect of working capital adjustments) prior to the Maturity Date, has a maturity which extends beyond the Maturity Date, and is subordinated to the Obligations and
the Other Liabilities on terms materially consistent with Exhibit L hereto or otherwise reasonably acceptable to the Agents; 

(l) Indebtedness due to the Sponsor, Sponsor Related Parties, and/or other stockholders of the Parent and its Affiliates
(excluding the Parent and any of its Subsidiaries); provided that such Indebtedness does not require the payment in cash of principal or interest at a rate in excess of 10% per annum prior to the Maturity Date, has a maturity
which extends beyond the Maturity Date, and is subordinated to the Obligations and Other Liabilities on terms reasonably acceptable to the Agents; 

(m) Indebtedness incurred in connection with sale-leaseback transactions permitted hereunder; 

(n) Subordinated Indebtedness; 

(o) Indebtedness incurred by any Foreign Subsidiary (other than the Canadian Borrower or any other Canadian Loan Party)
for working capital or general corporate purposes which is not guaranteed by or secured by any assets of any Loan Party (other than the capital stock of such Foreign Subsidiary); 

(p) Indebtedness constituting the obligation to make purchase price adjustments and indemnities in connection with
Permitted Acquisitions; 
 (q) Guarantees and letters of credit and surety bonds issued in connection with
Permitted Acquisitions and Permitted Dispositions; 
 (r) Indebtedness incurred in the ordinary course of
business in connection with the financing of insurance premiums; 
  

 55 

 (s) Indebtedness consisting of the deferred purchase price (including notes
issued to officers, directors and employees) for the purchase or redemption of equity interests (or option or warrants or similar instruments) of a Loan Party or Affiliate; 

(t) Indebtedness of any Loan Party acquired pursuant to a Permitted Acquisition (or Indebtedness assumed at the time, and
as a result, of a Permitted Acquisition); provided that, in each case, such Indebtedness was not incurred in connection with, or in anticipation or contemplation of, such Permitted Acquisition; 

(u) Indebtedness relating to surety and appeal bonds, performance bonds and other obligations of a like nature incurred in
the ordinary course of business; 
 (v) Without duplication of any other Indebtedness, non-cash accruals of
interest, accretion or amortization of original issue discount and/or pay-in-kind interest; 
 (w) Indebtedness
relating to letters of credit obtained in the ordinary course of business; provided that the security for any such documentary letter of credit may be secured only by Liens attaching to the related documents of title and not the
Inventory represented thereby; 
 (x) Indebtedness under each guaranty of recourse obligations and environmental
indemnity agreement executed and delivered by the Lead Borrower in connection with the CMBS Facilities or any Supplemental Real Estate Facilities; 

(y) Indebtedness of Geoffrey and its Subsidiaries in connection with the financing of the anticipated royalty payments due
or to become due to such Persons; 
 (z) Guaranties of joint venture Indebtedness described in Schedule
6.01(z); 
 (aa) Indebtedness under the Supplemental Real Estate Facilities; provided that
in no event shall the principal amount of such Indebtedness, when combined with Indebtedness outstanding under the Term Loan, under the Permanent Financing Facility and under clause (bb) of this definition, exceed $2,750,000,000 (plus non-cash
accruals of interest, accretion or amortization of original issue discount and/or payment-in-kind interest) at any time outstanding; 

(bb) Other Indebtedness (other than Subordinated Indebtedness) so long as at the time of incurrence thereof either
(A) the aggregate principal amount of such Indebtedness does not exceed $750,000,000 at any time outstanding (and provided that in no event shall the principal amount of such Indebtedness, when combined with Indebtedness outstanding under the
Term Loan, under the Permanent Financing Facility and under clause (aa) of this definition, exceed $2,750,000,000 (plus non-cash accruals of interest, accretion or amortization of original issue discount and/or payment-in-kind interest) at any time
outstanding) or (B) the Consolidated Interest Coverage Ratio is at least 2.0:1.0; and 
 (cc) Other
unsecured Indebtedness in an aggregate principal amount not exceeding $100,000,000 at any time outstanding. 
  

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 “Permitted Investments” means each of the following: 

(a) Direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the
United States of America or, with respect to the Canadian Loan Parties, Canada (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America or Canada, as applicable) or any state or
state agency thereof, in each case maturing within one (1) year from the date of acquisition thereof; 
 (b)
Investments in commercial paper maturing within 360 days from the date of acquisition thereof and having, at the date of acquisition, the highest or next highest credit rating obtainable from S&P or from Moody’s; 

(c) Investments in certificates of deposit, banker’s acceptances and time deposits maturing within 360 days from the
date of acquisition thereof which are issued or guaranteed by, or placed with, and demand deposit and money market deposit accounts issued or offered by, any Lender or any domestic office of any commercial bank organized under the laws of the United
States of America or any State thereof (or with respect to the Canadian Loan Parties, Canada or any province thereof) that has a combined capital and surplus and undivided profits of not less than $500,000,000; 

(d) Fully collateralized repurchase agreements with a term of not more than thirty (30) days for securities described
in clause (a) above (without regard to the limitation on maturity contained in such clause) and entered into with a financial institution satisfying the criteria described in clause (c) above or with any primary dealer; 

(e) Shares of any money market or mutual fund that has substantially all of its assets invested in the types of
investments referred to in clauses (a) through (d), above; 
 (f) Investments existing on the Effective Date
and set forth on Schedule 6.04; 
 (g) Investments made in accordance with the investment policy of the
Borrowers set forth as Schedule 6.04(g) hereto; 
 (h) Capital contributions or loans made by (i) any
Loan Party to any other Loan Party or (ii) as long as no Specified Default then exists or would arise therefrom, any Loan Party to any Subsidiary or Affiliate of any Loan Party (other than to the Sponsors, Sponsor Related Parties or any other
stockholder of the Parent) in an aggregate amount not to exceed $25,000,000 at any time outstanding (or in an aggregate amount exceeding $25,000,0000, provided that the Pro Forma Availability Condition has been satisfied at the time
such capital contribution or loan is made), in each case determined without regard to any write-downs or write-offs thereof; 

(i) Provided no Specified Default then exists or would arise therefrom, (A) loans made by any Loan Party to any other
Loan Party or any Subsidiary or Affiliate of any Loan Party (other than to the Sponsors, Sponsor Related Parties or any other stockholder of the Parent) solely for the purpose of (1) paying scheduled principal payments (including at maturity)
due and payable by such Loan Party, Subsidiary or any 
  

 57 

 
such Affiliate, or (2) payments in respect of Guarantees of Indebtedness of another Loan Party or any Subsidiary or any such Affiliate of a Loan Party due and payable by such Loan Party,
Subsidiary or Affiliate, or (B) loans made by any Loan Party to the Parent or any Subsidiary or any Affiliate of any Loan Party (other than to the Sponsors, Sponsor Related Parties or any other stockholder of the Parent) for the purpose of
paying taxes and operating expenses incurred in the ordinary course of business by such Subsidiary or such Affiliate but only to the extent such Subsidiary or such Affiliate has insufficient liquidity or insufficient cash flow to pay such taxes or
operating expenses; provided that in no event shall any Loan Party make loans to any Person other than any other Loan Party pursuant to this clause (i) in an aggregate amount exceeding $25,000,000 at any time outstanding unless
the Pro Forma Availability Condition has been satisfied at the time such loans are made; 
 (j) Provided no
Enumerated Default or breach of SECTION 6.10 then exists or would arise therefrom, (i) loans made by any Loan Party to any other Loan Party or any Subsidiary or Affiliate of any Loan Party (other than to the Sponsors, Sponsor Related Parties or
any other stockholder of the Parent) solely for the purpose of paying scheduled interest payments (including at maturity) due and payable by such Loan Party, Subsidiary or any such Affiliate, or (ii) loans made by any Loan Party to any other
Loan Party or to the Parent solely for the purpose of paying taxes and operating expenses incurred in the ordinary course of business by such Loan Party or the Parent; 

(k) Guarantees constituting Permitted Indebtedness; 

(l) Guarantees of Indebtedness of Subsidiaries that are not Loan Parties not in excess of $100,000,000 in the aggregate at
any time outstanding; provided that in no event shall any Loan Party issue Guarantees of Indebtedness of Subsidiaries that are not Loan Parties pursuant to this clause (l) in an aggregate amount exceeding $25,000,000 at any time
outstanding unless the Pro Forma Availability Condition has been satisfied at the time such Guarantees are issued; 

(m) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and
disputes with, customers and suppliers, in each case in the ordinary course of business; 
 (n) Loans or advances
to employees for the purpose of travel, entertainment or relocation in the ordinary course of business; provided that all such loans and advances to employees shall not exceed $20,000,000 in the aggregate at any time, and determined
without regard to any write-downs or write-offs thereof; 
 (o) Investments received from purchasers of assets
pursuant to dispositions permitted pursuant to SECTION 6.05; 
 (p) Investments consisting of ownership interests
in Special Purpose Entities; 
 (q) Permitted Acquisitions and existing Investments of the Persons acquired in
connection with Permitted Acquisitions so long as such Investment was not made in contemplation of such Permitted Acquisition; 
  

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 (r) Hedge Agreements entered into in the ordinary course of business for
non-speculative purposes; 
 (s) To the extent permitted by Applicable Law, notes from officers and employees in
exchange for equity interests of the Parent purchased by such officers or employees pursuant to a stock ownership or purchase plan or compensation plan; 

(t) Earnest money required in connection with Permitted Acquisitions; 

(u) Subject to SECTION 2.18, Investments in deposit accounts opened in the ordinary course of business; 

(v) (i) Capitalization or forgiveness of any Indebtedness owed to any Loan Party by other Loan Parties or
(ii) capitalization or forgiveness of any Indebtedness owed to any Loan Party by Persons other than Loan Parties, provided that the Payment Conditions are satisfied after giving effect thereto, and (iii) forgiveness of any
Indebtedness owed to a Loan Party which was obtained through a transfer or sale of Real Estate permitted pursuant to clause (e) of the definition of Permitted Dispositions; 

(w) Investments in Foreign Subsidiaries; provided that such Investments shall not exceed $25,000,000 in the
aggregate outstanding at any time (plus the amount of any Net Cash Proceeds of any equity issuance actually used for such purpose); 

(x) Investments to secure obligations of TRU (Vermont), Inc. not to exceed $250,000,000; 

(y) Creation and capitalization of new Subsidiaries, subject to the provisions of SECTION 5.12; 

(z) Capital Expenditures; 

(aa) Investments consisting of loans and advances to the Parent and its Subsidiaries in connection with the reimbursement
of expenses incurred on behalf of the Loan Parties in the ordinary course of business, as more particularly described in subparagraph 7 of Schedule 6.07 hereof; 

(bb) (i) Other Investments in an amount not to exceed $100,000,000 in the aggregate outstanding at any time, determined
without regard to any write-downs or write-offs thereof, plus the amount of cash proceeds received by a Loan Party in the twelve months prior to the date of such Investment from a direct or indirect common equity contribution from the Parent and
(ii) other Investments so long as the Payment Conditions are satisfied at the time any such Investment is made; 

(cc) Investments consisting of acquisition of inventory, equipment and other fixed assets in the ordinary course of
business; and 
  

 59 

 (dd) Existing investments in SALTRU Associates JV and capital contributions
required to be made pursuant to the organizational documents of SALTRU Associate JV as in effect on July 19, 2006; 
 provided,
however, that, for purposes of calculation, the amount of any Investment outstanding at any time shall be the aggregate cash Investment, less all cash returns, cash dividends and cash distributions (or the fair market value of any
non-cash returns, dividends and distributions) received by such Person, and less all liabilities expressly assumed by another Person in connection with the sale of such Investment. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Plan” means (a) any employee pension benefit plan
(other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Lead Borrower or any ERISA Affiliate is (or, if such plan were terminated,
would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA or (b) in respect of the Canadian Loan Parties, any pension benefit or retirement savings plan maintained by any of the
Canadian Loan Parties for its employees or its former employees to which any of the Canadian Loan Parties contribute or are required to contribute with respect to which any of the Canadian Loan Parties have incurred or may incur liability, including
contingent liability. 
 “PPSA” means the Personal Property Security Act of Ontario (or any successor
statute) or similar legislation of any other Canadian jurisdiction, including, without limitation, the Civil Code of Quebec, the laws of which are required by such legislation to be applied in connection with the issue, perfection, enforcement,
opposability, validity or effect of security interests. 
 “Prepayment Event” means the occurrence of any of
the following events: 
 (a) Any sale, transfer or other disposition (including pursuant to a sale and leaseback
transaction, other than such a transaction pursuant to which such asset was initially obtained or constructed in anticipation of such transaction) of any Collateral; or 

(b) Any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation, expropriation
or similar proceeding of, any Collateral of a Loan Party, unless (i) the proceeds therefrom are required to be paid to the holder of a Lien on such property or asset having priority over the Lien of the Administrative Agent or the Canadian
Agent, as applicable, or (ii) the proceeds therefrom are utilized for purposes of replacing or repairing the assets in respect of which such proceeds, awards or payments were received or reinvesting in assets used in any of the Loan
Parties’ business within twelve (12) months of the receipt of such proceeds. 
 “Prime Rate” means,
for any day, the highest of: (a) the variable annual rate of interest then most recently announced by Bank of America, N.A. at its head office in Charlotte, North Carolina as its “prime rate”; (b) the Federal Funds Effective Rate
in effect on such day plus one-half of one percent (0.50%) per annum; or (c) the Adjusted LIBO Rate (calculated utilizing the LIBO Rate for a one-month Interest Period) plus one percent (1.00%) per annum. The “prime

  

 60 

 
rate” is a reference rate and does not necessarily represent the lowest or best rate being charged by Bank of America, N.A. to any customer. If for any reason the Administrative Agent shall
have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Effective Rate or the LIBO Rate for any reason, including the inability or failure of the Administrative Agent to obtain
sufficient quotations thereof in accordance with the terms hereof, the Prime Rate shall be determined without regard to clause (b) of the first sentence of this definition or clause (a)(i) of the definition of Adjusted LIBO Rate, as applicable,
until the circumstances giving rise to such inability no longer exist. Any change in the Prime Rate due to a change in Bank of America’s “prime rate”, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective on
the effective date of such change in Bank of America’s Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively. 

“Prime Rate Loan” means any Revolving Credit Loan bearing interest at a rate determined by reference to the Prime Rate
or the Canadian Prime Rate, as the case may be, in accordance with the provisions of Article II. 
 “Pro Forma
Availability Condition” shall mean, for any date of calculation with respect to any transaction or payment, the Pro Forma Availability for each of the twelve Fiscal Months following, and after giving effect to, such transaction or payment,
will be greater than $225,000,000. 
 “Pro Forma Availability” shall mean, for any date of calculation, the
projected Monthly Excess Availability for each Fiscal Month during any projected twelve (12) Fiscal Months. 

“Propco” shall mean each direct or indirect subsidiary of the Parent, including, without limitation, those listed on
Schedule 1.4, the primary assets (other than cash or cash equivalents) of which consist of rights, title and interest (including any leasehold, mineral or other estate) in and to parcels of or interests in Real Estate, whether by lease,
license or other means, in each case which has no other Indebtedness other than pursuant to the CMBS Facilities or the Supplemental Real Estate Facilities. 

“Qualifying IPO” means an equity issuance by the Parent consisting of an underwritten primary public offering (other
than a public offering pursuant to a registration statement on Form S-8) of its common stock (i) pursuant to an effective registration statement filed with the SEC in accordance with the Securities Act of 1933 as amended (whether alone or
in connection with a secondary public offering) and (ii) resulting in gross proceeds to the Parent of at least $100,000,000. 

“Real Estate” means all Leases and all land, together with the buildings, structures, parking areas, and other
improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof. 

“Register” has the meaning provided in SECTION 9.04(c). 

“Regulation U” means Regulation U of the Board as from time to time in effect and all official rulings and
interpretations thereunder or thereof. 
  

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 “Regulation X” means Regulation X of the Board as from time to time in
effect and all official rulings and interpretations thereunder or thereof. 
 “Related Parties” means, with
respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Release” has the meaning provided in Section 101(22) of CERCLA. 

“Reports” has the meaning provided in SECTION 8.14. 

“Required Lenders” means, at any time, Lenders (other than Delinquent Lenders) having Commitments aggregating more than
50% of the Total Commitments, or if the Commitments have been terminated, Lenders (other than Delinquent Lenders) whose percentage of the outstanding Credit Extensions (calculated assuming settlement and repayment of all Swingline Loans by the
Lenders) aggregate more than 50% of all such Credit Extensions. 
 “Reserves” means all (if any) Inventory
Reserves (including, without limitation, Shrink Reserves) and Availability Reserves (including, without limitation, Cash Management Reserves, Canadian Realty Reserves, Customer Credit Liabilities Reserves, Canadian Sales Reserves and other Reserves
of the type described in SECTION 2.03 hereof). 
 “Responsible Officer” of any Person shall mean any executive
officer or financial officer of such Person and any other officer or similar official thereof with responsibility for the administration of the obligations of such Person in respect of this Agreement. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with
respect to any class of Capital Stock of a Person, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any Capital Stock of a Person or any option, warrant or other right to acquire any Capital Stock of a Person; provided that “Restricted Payments” shall not include any dividends payable solely in Capital Stock
of a Loan Party. 
 “Revolving Credit Ceiling” means $1,850,000,000, as such amount may be increased from time
to time in accordance with SECTION 2.02 or reduced from time to time in accordance with SECTION 2.15 and SECTION 2.17 of this Agreement. 

“Revolving Credit Loans” means all loans at any time made by any Lender (including, without limitation, Domestic Loans
and Canadian Loans) pursuant to Article II and, to the extent applicable, shall include Swingline Loans made by the Swingline Lender pursuant to SECTION 2.06. 

“Revolving Credit Notes” means (a) the promissory notes of the Domestic Borrowers substantially in the form of
Exhibit D, each payable to the order of a Domestic Lender, evidencing the Revolving Credit Loans made to the Domestic Borrowers, and (b) the promissory note of the Canadian Borrower substantially in the form of Exhibit E, payable
to the order of a Canadian Lender, evidencing the Revolving Credit Loans made to the Canadian Borrower. 
  

 62 

 “S&P” means Standard & Poor’s. 

“SEC” means the Securities and Exchange Commission. 

“Secured Party” means (a) each Credit Party, (b) any Lender or any Affiliate of a Lender providing Cash
Management Services or entering into or furnishing any Bank Products to or with any Loan Party, (c) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document, and (d) the successors and,
subject to any limitations contained in this Agreement, assigns of each of the foregoing. 
 “Security
Agreement” means the Security Agreement dated as of the Closing Date among the Loan Parties (other than the Canadian Borrower and its Subsidiaries) and the Administrative Agent, for its benefit and for the benefit of the other Secured
Parties, as amended and in effect from time to time. 
 “Security Documents” means the Security Agreement, the
Canadian Security Documents, the Mortgages, the Intellectual Property Rights Agreement, the Facility Guarantee, the Facility Guarantors’ Collateral Documents, the Blocked Account Agreements, and each other security agreement or other instrument
or document executed and delivered pursuant to this Agreement or any other Loan Document to secure any of the Obligations, the Other Liabilities or the Canadian Liabilities, as applicable. 

“Settlement Date” has the meaning provided in SECTION 2.22(b). 

“Shrink” means Inventory identified by the Borrowers as lost, misplaced, or stolen. 

“Shrink Reserve” means an amount reasonably estimated by the Co-Collateral Agents to be equal to that amount which is
required in order that the Shrink reflected in Borrowers’ stock ledger would be reasonably equivalent to the Shrink calculated as part of the Borrowers’ most recent physical inventory. 

“SNDA” means (a) that certain Subordination, Non-Disturbance and Attornment Agreement, dated as of July 21,
2005, between German American Capital Corporation and the Lead Borrower, as agreed and consented to by MPO Properties, LLC, and (b) that certain Subordination, Non-Disturbance and Attornment Agreement (MPO Properties, LLC), dated as of
July 21, 2005, between German American Capital Corporation and the Lead Borrower, as agreed and consented to by Giraffe Properties, LLC (n/k/a Toys “R” Us Property Company II, LLC). 

“Solvent” means, with respect to any Person on a particular date, that on such date (a) at fair valuation on a
going concern basis, all of the properties and assets of such Person are greater than the sum of the debts, including contingent liabilities, of such Person, (b) the present fair saleable value of the properties and assets of such Person on a
going concern basis is not less than the amount that would be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person is able to realize upon its properties and assets and
generally pay its debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, (d) such Person does not intend to, and does not believe that it will, incur debts beyond such
Person’s ability to generally pay as such debts mature, and (e) such Person is not engaged in a business or a transaction, and is not 

 

 63 

 
about to engage in a business or transaction, for which such Person’s properties and assets would constitute unreasonably small capital after giving due consideration to the prevailing
practices in the industry in which such Person is engaged. 
 “Special Purpose Entity” means a Person (other
than any Loan Party) that (a) is a domestic subsidiary of the Parent and (b) has no operations and whose primary assets (other than cash and cash equivalents) are, directly or indirectly, the stock or other equity interests of a subsidiary
that is a Propco and the Real Estate that is the subject of the CMBS Facilities or any Supplemental Real Estate Facilities. 

“Specified Default” means the occurrence of any Enumerated Default or the failure of any Loan Party to comply with the
terms of SECTION 6.10 or the occurrence of any Event of Default specified in SECTION 7.01(g) or SECTION 7.01(j). 

“Sponsors” means, collectively, Bain Capital (TRU) VIII, L.P., a Delaware limited partnership; Bain Capital (TRU)
VIII-E, L.P., a Delaware limited partnership; Bain Capital (TRU) VIII Coinvestment, L.P., a Delaware limited partnership; Bain Capital Integral Investors, LLC, a Delaware limited liability company; BCIP TCV, LLC, a Delaware limited liability
company; Kohlberg Kravis Roberts & Co.; Toybox Holdings, LLC; Vornado Truck, LLC; and Vornado Realty Trust; and each of their respective Affiliates. 

“Sponsor Group” means the Sponsors and the Sponsor Related Parties. 

“Sponsor Lender Limitations” means, with respect to the Sponsor Group or any of their respective Affiliates which
becomes an assignee of any portion of the Obligations, such Person(s) shall have executed a waiver in form and substance reasonably satisfactory to the Administrative Agent pursuant to which such Person(s) acknowledges and agrees that (a) it
shall only have the right to vote up to 10% of the then outstanding Credit Extensions and, to the extent that the Sponsor Group or any of their respective Affiliates hold in the aggregate more than 10% of the then outstanding Credit Extensions,
Lenders other than the Sponsor Group or any of their respective Affiliates shall be permitted to vote the outstanding Credit Extensions held by the Sponsor Group and/or any of their respective Affiliates in excess of such amount (the “Excess
Sponsor Amount”) on a pro rata basis, based on their respective percentage of the then outstanding Credit Extensions, (b) if the Lead Borrower or the Canadian Borrower requests that this Agreement or any other Loan Document be
modified, amended or waived in a manner which would require the consent of the Required Lenders or the Supermajority Lenders, as applicable, no such consent shall be deemed given unless such consent is obtained without giving effect to the Excess
Sponsor Amount, and (c) it shall have no right (i) to require the Agents or any Lender to undertake any action (or refrain from taking any action) with respect to any Loan Document, (ii) to attend any meeting with the Agents or any
Lender or receive any information from the Agents or any Lender, (iii) to the benefit of any advice provided by counsel to the Agents or the other Lenders or to challenge the attorney-client privilege of the communications between the Agents,
such other Lenders and such counsel, or (iv) to make or bring any claim, in its capacity as Lender, against any Agent with respect to the fiduciary duties of such Agent or Lender and the other duties and obligations of the Agents hereunder;
except, that, no amendment, modification or waiver to any Loan Document shall, without the consent of the Sponsor Group or any of their respective Affiliates, deprive any such Person, as assignee, of its pro rata share of any payments to which the
Lenders as a group are otherwise entitled hereunder. 
  

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 “Sponsor Related Parties” means, with respect to any Person, (a) any
Controlling stockholder or partner (including, in the case of an individual Person who possesses Control, the spouse or immediate family member of such Person, provided that such Person retains Control of the voting rights, by
stockholders agreement, trust agreement or otherwise of the Capital Stock owned by such spouse or immediate family member) or 80% (or more) owned Subsidiary, or (b) any trust, corporation, partnership or other entity, the beneficiaries,
stockholders, partners, owners or Persons beneficially holding a 51% or more Controlling interest of which consist of such Person and/or such Persons referred to in the immediately preceding clause (a), or (c) the limited partners of the
Sponsors. 
 “Standby Letter of Credit” means any Letter of Credit other than a Commercial Letter of Credit.

 “Stated Amount” means at any time the maximum amount for which a Letter of Credit may be honored.

 “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one
and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the
Administrative Agent or the Canadian Agent, as applicable, is subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve
percentages shall include those imposed pursuant to such Regulation D. LIBO Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets
that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

 “Store” means any retail store (which includes any real property, fixtures, equipment, inventory and other
property related thereto) operated, or to be operated, by any Loan Party. 
 “Subordinated Indebtedness” means
Indebtedness which is expressly subordinated in right of payment to the prior payment in full of the Obligations on terms materially consistent with Exhibit L hereto or as otherwise reasonably acceptable to the Co-Collateral Agents.

 “Subsidiary” means, with respect to any Person (the “parent”), at any date, any
corporation, limited liability company, partnership, association or other entity (a) of which Capital Stock representing more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership
interests are, as of such date, owned, Controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. For purposes
hereof, a Special Purpose Entity and its subsidiaries and any holding company which has as its primary asset the stock of such Special Purpose Entity shall not be deemed a Subsidiary. 

 

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 “Substantial Liquidation” means either (a) the Liquidation of
substantially all of the Collateral, or (b) the sale or other disposition of substantially all of the Collateral by the Loan Parties. 

“Supermajority Lenders” means, at any time, Lenders (other than Delinquent Lenders) having
Commitments aggregating more than 66  2/3% of the
Total Commitments, or if the Commitments have been terminated, Lenders (other than Delinquent Lenders) whose percentage of the outstanding Credit Extensions (calculated assuming settlement and repayment of all Swingline Loans by the Lenders)
aggregate more than 66  2/3% of all such Credit
Extensions. 
 “Supplemental Real Estate Facilities” mean any financing arrangements in favor of
certain Special Purpose Entities, which are direct or indirect subsidiaries of the Lead Borrower, and any refinancing, extension or replacement thereof. 

“Swingline Lender” means Bank of America, N.A., in its capacity as lender of Swingline Loans hereunder to the Domestic
Borrowers hereunder, and Bank of America-Canada Branch, in its capacity as lender of Swingline Loans to the Canadian Borrower hereunder. 

“Swingline Loan” means a Loan made by the Swingline Lender to a Domestic Borrower or the Canadian Borrower, as
applicable, pursuant to SECTION 2.06. 
 “Swingline Note” means (a) the promissory note of the Domestic
Borrowers substantially in the form of Exhibit F, payable to the order of the applicable Swingline Lender, evidencing the Swingline Loans made by the Swingline Lender to the Domestic Borrowers, and (b) the promissory note of the Canadian
Borrower substantially in the form of Exhibit G, payable to the order of the applicable Swingline Lender, evidencing the Swingline Loans made by the Swingline Lender to the Canadian Borrower. 

“Synthetic Lease” means any lease or other agreement for the use or possession of property creating obligations which do
not appear as Indebtedness on the balance sheet of the lessee thereunder but which, upon the insolvency or bankruptcy of such Person, may be characterized as Indebtedness of such lessee without regard to the accounting treatment. 

“Taxes” means any and all current or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed
by any Governmental Authority. 
 “Term Loan” means, collectively, (a) the term loan facility in favor of
the Lead Borrower in the original principal amount of $804,000,000, and (b) the asset sale facility in favor of the Lead Borrower in the original principal amount of $200,000,000, in each case made under that certain Credit Agreement dated as
of July 19, 2006 among the Lead Borrower, the lenders party thereto, Banc of America Bridge LLC, as administrative agent, Citicorp North America, Inc., as collateral agent, and Credit Suisse, as documentation agent, as amended and in effect
from time to time in accordance with the terms of the Intercreditor Agreement and any refinancing or replacement thereof in whole or in part (in accordance with the terms of the Intercreditor Agreement), whether in the form of new credit facilities,
debt securities or otherwise, so long as the secured parties (or the agent acting on their behalf) under any such refinancing or replacement become party to the Intercreditor Agreement. 

 

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 “Termination Date” means the earliest to occur of (a) the Maturity
Date, (b) the date on which the maturity of the Obligations is accelerated (or deemed accelerated) and the Commitments are irrevocably terminated (or deemed terminated) in accordance with ARTICLE VII or (c) the date the Commitments are
permanently terminated in full in accordance with the provisions of SECTION 2.15 hereof. 
 “Total Commitments”
means, at any time, the sum of the Domestic Total Commitments and the Canadian Total Commitments at such time. 

“Tranche A Borrowing Base” means, at any time of calculation, an amount equal to: 

(a) the face amount of Eligible Credit Card Receivables of the Domestic Borrowers multiplied by ninety percent
(90%); 
 plus 

(b) the Cost of Eligible Inventory (other than Eligible In-Transit Inventory) of the Domestic Borrowers consisting of TRU
Inventory, net of Inventory Reserves, multiplied by the Inventory Advance Rate for TRU Inventory, multiplied by the Appraised Value of Eligible Inventory (other than Eligible In-Transit Inventory) of the Domestic Borrowers consisting
of TRU Inventory; 
 plus 

(c) the Cost of Eligible Inventory (other than Eligible In-Transit Inventory) of the Domestic Borrowers consisting of BRU
Inventory, net of Inventory Reserves, multiplied by the Inventory Advance Rate for BRU Inventory, multiplied by the Appraised Value of Eligible Inventory (other than Eligible In-Transit Inventory) of the Domestic Borrowers consisting
of BRU Inventory; 
 plus 

(d) the Cost of Eligible In-Transit Inventory of the Domestic Borrowers consisting of TRU Inventory,
net of Inventory Reserves, multiplied by the Inventory Advance Rate for TRU Inventory, multiplied by the Appraised Value of Eligible In-Transit Inventory of the Domestic Borrowers consisting of TRU Inventory; provided
that in no event shall the amounts available to be borrowed pursuant to this clause (d), together with amounts available to be advanced under clause (e) of this definition and clauses (d) and (e) of the definition of
“Canadian Borrowing Base”, exceed
12  1/2% of the Combined Borrowing Base in the
aggregate; 
 plus 

(e) the Cost of Eligible In-Transit Inventory of the Domestic Borrowers consisting of BRU Inventory, net of Inventory
Reserves, multiplied by the Inventory 
  

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Advance Rate for BRU Inventory, multiplied by the Appraised Value of Eligible In-Transit Inventory of the Domestic Borrowers consisting of BRU Inventory; provided that in no
event shall the amounts available to be borrowed pursuant to this clause (e), together with amounts available to be advanced under clause (d) of this definition and clauses (d) and (e) of the definition of “Canadian Borrowing
Base”, exceed 12  1/2% of the Combined
Borrowing Base in the aggregate; 
 minus 

(e) the then amount of all Availability Reserves. 

“Tranche A-1 Commitment Increase” has the meaning set forth in SECTION 2.02(e). 

“Tri-Party Agreement” means an agreement substantially in the form of Exhibit N among a Loan Party, any Person
providing freight, warehousing and consolidation services to such Loan Party and the Administrative Agent or Canadian Agent, as applicable, in which such Person acknowledges that (a) the Administrative Agent holds a first priority Lien on the
Inventory of the Loan Parties, (b) such Person has furnished written acknowledgment to such Loan Party that such Person holds Inventory in its possession as bailee for such Loan Party and that such Loan Party has title to such Inventory,
(c) any Inventory delivered to a carrier for shipment will reflect a Loan Party as consignor and consignee, (d) it will promptly notify the Administrative Agent of its receipt of notice from the seller of such Inventory of the
seller’s stoppage of delivery of such Inventory to the Loan Party, and (e) agrees, upon notice from the Administrative Agent or the Canadian Agent, as applicable, to hold and dispose of the subject Inventory solely as directed by the
Administrative Agent or the Canadian Agent, as applicable. 
 “TRU Inventory” means all Inventory of the Loan
Parties which is offered for sale (or is designated for sale) at any “Toys “R” Us” Store, including, but not limited to, any such Inventory held for sale in internet and other direct sales and all Inventory of the Loan Parties
specifically designated as “Toys “R” Us” Inventory at any distribution center or warehouse maintained by the Loan Parties. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the
Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate, BA Equivalent Rate, Canadian Prime Rate or Prime Rate, as applicable. 

“UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York. 

“Unanimous Consent” means the consent of Lenders (other than Delinquent Lenders) holding 100% of the Commitments (other
than Commitments held by a Delinquent Lender). 
 “Unused Canadian Commitment” means, on any day, (a) the
then Canadian Total Commitments, minus (b) the sum of (i) the principal amount of Loans to the Canadian Borrower then outstanding, and (ii) the then Canadian Letter of Credit Outstandings. 

 

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 “Unused Domestic Commitment” shall mean, on any day, (a) the lesser of
(i) the then Domestic Total Commitments, or (ii) the difference between the then Domestic Total Commitments and the then Canadian Total Commitments, minus (b) the sum of (i) the principal amount of Loans of the Domestic
Borrowers then outstanding, and (ii) the then Domestic Letter of Credit Outstandings. 
 “Unused Fee” has
the meaning provided in SECTION 2.19(b). 
 “Withdrawal Liability” means liability to a Multiemployer Plan as a
result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 

SECTION 1.02 Terms Generally. 

The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be
construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any
reference herein to any Person shall be construed to include such Person’s permitted successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to
refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to,
this Agreement, (e) all Schedules to this Agreement shall relate solely to the Domestic Loan Parties and the Canadian Loan Parties, (f) the term “security interest” shall include a hypothec, (g) the term “solidary”
as used herein shall be read and interpreted in accordance with the Civil Code of Québec, (h) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all
tangible, moveable and immoveable, and intangible assets and properties, including cash, securities, accounts and contract rights, (i) all financial statements and other financial information provided by the Domestic Borrowers to the
Administrative Agent or any Lender shall be provided with reference to dollars, (j) all references to “$” or “dollars” or to amounts of money and all calculations of Canadian Availability, Domestic Availability, permitted
“baskets” and other similar matters shall, unless otherwise expressly provided to be CD$, be deemed to be references to the lawful currency of the United States of America at the Equivalent Amount, and (k) this Agreement and the other
Loan Documents are the result of negotiation among, and have been reviewed by counsel to, among others, the Borrowers and the Agents and are the product of discussions and negotiations among all parties. Accordingly, this Agreement and the other
Loan Documents are not intended to be construed against the Agents or any of the Lenders merely on account of the Agents’ or any Lender’s involvement in the preparation of such documents. 

 

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 SECTION 1.03 Accounting Terms; GAAP. 

Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP,
as in effect from time to time. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Lead Borrower or the Required Lenders shall so request, the
Administrative Agent, the Lenders and the Lead Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders);
provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Lead Borrower shall provide to the Administrative Agent and the
Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change
in GAAP. 
 SECTION 1.04 Times of Day. 

Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as
applicable). 
 ARTICLE II  

Amount and Terms of Credit 

SECTION 2.01 Commitment of the Lenders. 

(a) Each Domestic Lender, severally and not jointly with any other Domestic Lender, agrees, upon the terms and subject to
the conditions herein set forth, to make Credit Extensions to or for the benefit of the Domestic Borrowers, and each Canadian Lender severally and not jointly with any other Canadian Lender, agrees upon the terms and subject to the conditions herein
set forth, to make Credit Extensions to the Canadian Borrower, on a revolving basis, subject in each case to the following limitations: 

(i) The aggregate outstanding amount of the Credit Extensions to the Domestic Borrowers shall not at any time exceed
Domestic Availability; 
 (ii) The aggregate outstanding amount of the Credit Extensions to the Canadian Borrower
shall not at any time exceed Canadian Availability; 
 (iii) Letters of Credit shall be available from the
Issuing Banks to the Borrowers, subject to the ratable participation of the Domestic Lenders or Canadian Lenders, as applicable, as set forth in SECTION 2.13. The Domestic Borrowers shall not at any time permit the aggregate Domestic Letter of
Credit Outstandings at any time to exceed the Domestic Letter of Credit Sublimit and the Canadian Borrower shall not at any time permit the aggregate Canadian Letter of Credit Outstandings to exceed the Canadian Letter of Credit Sublimit;

  

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 (iv) The Loans made to, and the Letters of Credit issued on behalf of, the
Canadian Borrower by the Canadian Lenders may be either in $ or CD$, at the option of the Canadian Borrower, as herein set forth; 

(v) The Revolving Credit Loans (other than Swingline Loans) made to the Canadian Borrower shall be Prime Rate Loans or BA
Equivalent Loans, or if made in dollars, shall be LIBO Loans or dollar denominated Prime Rate Loans; 
 (vi) No
Lender shall be obligated to make any Credit Extension (A) to the Domestic Borrowers in excess of such Lender’s Domestic Commitment, or (B) to the Canadian Borrower in excess of such Lender’s Canadian Commitment; and 

(vii) Subject to all of the other provisions of this Agreement, Revolving Credit Loans to the Borrowers that are repaid
may be reborrowed prior to the Termination Date. 
 (b) Each Borrowing of Revolving Credit Loans (other than
Swingline Loans) by the Domestic Borrowers shall be made by the Domestic Lenders pro rata in accordance with their respective Domestic Commitment Percentages, and each Borrowing of Revolving Credit Loans (other than Swingline Loans) by
the Canadian Borrower shall be made by the Canadian Lenders pro rata in accordance with their respective Canadian Commitment Percentages. The failure of any Domestic Lender or Canadian Lender, as applicable, to make any Loan to the
Domestic Borrowers or the Canadian Borrower, as applicable, shall neither relieve any other Domestic Lender or Canadian Lender, as applicable, of its obligation to fund its Loan to the Domestic Borrowers or the Canadian Borrower, as applicable, in
accordance with the provisions of this Agreement nor increase the obligation of any such other Domestic Lender or Canadian Lender, as applicable. 

SECTION 2.02 Increase in Total Commitments. 

(a) At any time and from time to time on or after the Effective Date, so long as no Default or Event of Default then
exists or would arise therefrom, (i) the Lead Borrower shall have the right to request an increase of the then outstanding Domestic Commitments by such amount as would cause the Domestic Total Commitments not to exceed in the aggregate
(A) $2,500,000,000 minus (B) the then outstanding Canadian Commitments (after taking into effect the amount of any increases in the Canadian Commitments requested pursuant to this SECTION 2.02(a) on or after the Effective Date), and
(ii) the Canadian Borrower shall have the right to request an increase of the then outstanding Canadian Commitments to an amount not to exceed the Canadian Total Commitment Increase Amount. The Lead Borrower may approach any Lender or any other
Person (other than a natural person) to provide all or a portion of any such requested Commitment Increase; provided that, to the extent existing Lenders and Persons approached by the Lead Borrower have declined to provide the requested
Commitment Increase, the Administrative Agent, in consultation with the Lead Borrower, will use its reasonable best efforts to arrange for other Persons to become a Domestic Lender or Canadian Lender, as applicable, hereunder and to issue
commitments 
  

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in an amount equal to the amount of the Commitment Increase requested by the Lead Borrower and/or the Canadian Borrower (each such increase by either means, a “Commitment
Increase,” and each Person issuing, or Lender increasing, its Commitment, an “Additional Commitment Lender”); provided, however, that (i) no Lender shall be obligated to provide a Commitment Increase as a
result of any such request by the Lead Borrower or the Canadian Borrower, as applicable, (ii) any Additional Commitment Lender which is not an existing Lender shall be subject to the approval of the Administrative Agent, the Issuing Banks and
the Lead Borrower (which approval shall not be unreasonably withheld), and (iii) each Additional Commitment Lender which is a Canadian Lender shall be in compliance with the provisions of SECTION 2.23(j). Each Commitment Increase (other than
any such Commitment Increase made on the Effective Date) shall be in a minimum aggregate amount of at least $25,000,000 and in integral multiples of $5,000,000 in excess thereof. Each Additional Commitment Lender agreeing to provide a Commitment
Increase pursuant to this SECTION 2.02(a) shall be entitled to receive interest, letter of credit fees and unused fees at the rates provided for Lenders. Moreover, that portion of the Commitment of each Additional Commitment Lender constituting a
Commitment Increase made pursuant to this SECTION 2.02(a) (i) shall terminate on the Termination Date, and (ii) shall otherwise be on the same terms as set forth in, and be entitled to the benefits of, this Agreement and the other Loan
Documents. 
 (b) Conditions to Effectiveness of each Commitment Increase. No Commitment Increase shall
become effective unless and until each of the following conditions has been satisfied: 
 (i) The Borrowers, the
Administrative Agent, and each Additional Commitment Lender shall have executed and delivered a joinder to the Loan Documents in substantially the form of Exhibit H hereto; 

(ii) The Borrowers shall have paid such fees and other compensation to the Additional Commitment Lenders and to the
Administrative Agent and BAS as the Lead Borrower, the Administrative Agent, BAS and such Additional Commitment Lenders shall agree; 

(iii) If requested by the Administrative Agent or the Canadian Agent, as applicable, the Borrowers shall deliver to the
Administrative Agent or the Canadian Agent, as applicable, and the Lenders an opinion or opinions, in form and substance reasonably satisfactory to the Administrative Agent or the Canadian Agent, as applicable, from counsel to the Borrowers
reasonably satisfactory to the Administrative Agent or the Canadian Agent, as applicable, and dated such date; 

(iv) A Revolving Credit Note (to the extent requested), to be in conformity with the requirements of SECTION 2.07 (with
appropriate modification), will be issued, at the Borrowers’ expense, to each Additional Commitment Lender to the extent necessary to reflect the new Commitment of each Additional Commitment Lender; and 

 

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 (v) The Borrowers and each Additional Commitment Lender shall have delivered
such other instruments, documents and agreements as the Administrative Agent or the Canadian Agent, as applicable, may reasonably have requested in order to effectuate the documentation of the foregoing. 

(c) Notification by Administrative Agent. The Administrative Agent shall promptly notify each Lender as to the
effectiveness of each Commitment Increase (with each date of such effectiveness being referred to herein as a “Commitment Increase Date”), and, at such time, (i) the Domestic Commitments or Canadian Commitments, as applicable,
under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Commitment Increases, (ii) Schedule 1.1 shall be deemed modified, without further action, to reflect the revised Domestic Commitments and
Domestic Commitment Percentages of the Domestic Lenders or the revised Canadian Commitments and Canadian Commitment Percentages of the Canadian Lenders and (iii) this Agreement shall be deemed amended, without further action, to the extent
necessary to reflect such increased Commitments. 
 (d) Other Provisions. In connection with Commitment
Increases hereunder, the Lenders and the Borrowers agree that, notwithstanding anything to the contrary in this Agreement, (i) the Borrowers shall, in coordination with the Administrative Agent, (A) repay outstanding Revolving Credit Loans
of certain Lenders, and obtain Revolving Credit Loans from certain other Lenders (including the Additional Commitment Lenders), or (B) take such other actions as reasonably may be required by the Administrative Agent, in each case to the extent
necessary so that all of the Lenders effectively participate in each of the outstanding Revolving Credit Loans pro rata on the basis of their Domestic Commitment Percentages or Canadian Commitment Percentages, as applicable (determined after giving
effect to any increase in the Commitments pursuant to this SECTION 2.02), and (ii) the Borrowers shall pay to the Lenders any costs of the type referred to in SECTION 2.16(b) in connection with any repayment and/or Revolving Credit Loans
required pursuant to preceding clause (i). Without limiting the obligations of the Borrowers provided for in this SECTION 2.02, the Administrative Agent and the Lenders agree that they will use their best efforts to attempt to minimize the costs of
the type referred to in SECTION 2.16(b) which the Borrowers would otherwise incur in connection with the implementation of an increase in the Domestic Commitments or the Canadian Commitments. 

(e) Reinstatement of Tranche A-1 Commitments. At any time, so long as no Default or Event of Default then exists or
would arise therefrom, subject to the prior written consent of the Required Lenders, if the then outstanding Total Commitments are less than $2,500,000,000, without duplication of the provisions of SECTION 2.02(a), the Lead Borrower shall have the
right on a one-time basis to request an increase of the then outstanding Domestic Commitments by an aggregate amount not to exceed $150,000,000 (the “Tranche A-1 Commitment Increase”); provided, however, that after
giving effect to the Tranche A-1 Commitment Increase and any other Commitment Increases pursuant to this SECTION 2.02, the Total Commitments shall not exceed $2,500,000,000 at any time. The Tranche A-1 Commitment Increase shall be structured on
substantially the same terms as apply to the Tranche A-1 Commitments under, and as defined in, the 
  

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Original Credit Agreement; provided that the Tranche A-1 Commitment Increase shall be subject to such pricing, fees and other terms as the Lead Borrower, BAS and the Persons
participating in the Tranche A-1 Commitment Increase shall agree; provided further that (i) no Domestic Lender shall be obligated to increase its Domestic Commitment as a result of any such request by the Lead Borrower and
(ii) any Person participating in the Tranche A-1 Commitment Increase which is not then an existing Domestic Lender shall be subject to the approval of the Administrative Agent, the Issuing Banks and the Lead Borrower (which approval shall not
be unreasonably withheld). 
 SECTION 2.03 Reserves; Changes to Reserves. 

(a) The initial Inventory Reserves and Availability Reserves as of the Effective Date are those set forth in the Borrowing
Base Certificate delivered to the Administrative Agent on the Effective Date. 
 (b) Any Co-Collateral Agent
(after consultation with the other Co-Collateral Agent) may hereafter establish additional Reserves or change any of the Reserves in effect on the Effective Date, in the exercise of its reasonable business judgment acting in accordance with industry
standards for asset based lending in the retail industry; provided that such Reserves shall not be established or changed except upon not less than five (5) Business Days notice to the Borrowers (during which period the
Co-Collateral Agents shall be available to discuss any such proposed Reserve with the Borrowers); provided further that no such prior notice shall be required for (1) changes to any Reserves resulting solely by virtue of
mathematical calculations of the amount of the Reserve in accordance with the methodology of calculation previously utilized (such as, but not limited to, Customer Credit Liabilities), or (2) changes to Reserves or the establishment of
additional Reserves if a Material Adverse Effect under clause (b) of the definition thereof has occurred or it would be reasonably likely that a Material Adverse Effect under clause (b) of the definition thereof would occur were such
Reserves not changed or established prior to the expiration of such five (5) Business Day period. 
 SECTION 2.04 Making
of Loans. 
 (a) Except as set forth in SECTION 2.09, SECTION 2.10 and SECTION 2.11, Revolving Credit Loans
(other than Swingline Loans) shall be either Prime Rate Loans, LIBO Loans or BA Equivalent Loans as the Lead Borrower, on behalf of the Domestic Borrowers, or the Canadian Borrower, may request (which request shall, in the case of the Domestic
Borrowers, be made in the form attached hereto as Exhibit C-1 and, in the case of the Canadian Borrower, be made in the form attached hereto as Exhibit C-2, and in the case of Loans to the Canadian Borrower, indicate whether CD$ or $
advances are requested) subject to and in accordance with this SECTION 2.04. All Swingline Loans shall be only Prime Rate Loans. All Revolving Credit Loans made pursuant to the same Borrowing shall, unless otherwise specifically provided herein, be
Revolving Credit Loans of the same Type. Each Lender may fulfill its Commitment with respect to any Revolving Credit Loan by causing any lending office of such Lender to make such Revolving Credit Loan; provided, however, that any such
use of a lending office shall not affect the obligation of the Borrowers to repay such Revolving Credit 
  

 74 

 
Loan in accordance with the terms of the applicable Revolving Credit Note. Each Lender shall, subject to its overall policy considerations, use reasonable efforts to select a lending office which
will not result in the payment of increased costs by the Borrowers. Subject to the other provisions of this SECTION 2.04 and the provisions of SECTION 2.11, Borrowings of Revolving Credit Loans of more than one Type may be incurred at the same time,
but in any event no more than fifteen (15) Borrowings of LIBO Loans may be outstanding at any time and no more than eight (8) Borrowings of BA Equivalent Loans may be outstanding at any time. 

(b) The Lead Borrower shall give the Administrative Agent (i) two (2) Business Days’ prior telephonic
notice (thereafter confirmed in writing) of each Borrowing of LIBO Loans, and (ii) notice of each Borrowing of Prime Rate Loans by the Domestic Borrowers on the proposed day of each Borrowing. The Canadian Borrower shall give the Canadian Agent
(i) two (2) Business Days’ prior telephonic notice (thereafter confirmed in writing) of each Borrowing of BA Equivalent Loans or LIBO Loans and (ii) one (1) Business Day’s prior telephonic notice (thereafter confirmed
in writing) of each Borrowing of Prime Rate Loans by the Canadian Borrower. Any such notice, to be effective, must be received by the Administrative Agent or the Canadian Agent, as applicable, (i) not later than 11:00 a.m. on the second
Business Day, in the case of LIBO Loans or BA Equivalent Loans, and on the first Business Day, in the case of Prime Rate Loans to the Canadian Borrower, prior to the date on which such Borrowing is to be made and, and (ii) no later than 12:00
noon on the same Business Day in the case of Prime Rate Loans to the Domestic Borrowers on which such Borrowing is to be made. Such notice shall be irrevocable, shall contain disbursement instructions and shall specify: (i) whether the
Borrowing then being requested is to be a Borrowing of Prime Rate Loans (and, in the case of the Canadian Borrower, whether the Borrowing is in CD$ or $), BA Equivalent Loans, or LIBO Loans and, if BA Equivalent Loans or LIBO Loans, the Interest
Period with respect thereto; (ii) the amount of the proposed Borrowing (which shall be in an integral multiple of $1,000,000, but not less than $5,000,000, in the case of LIBO Loans, and be in an integral multiple of CD$1,000,000, but not less
than CD$1,000,000, in the case of BA Equivalent Loans); and (iii) the date of the proposed Borrowing (which shall be a Business Day). If no election of Interest Period is specified in any such notice for a Borrowing of LIBO Loans or BA
Equivalent Loans, such notice shall be deemed a request for an Interest Period of one (1) month. If no election is made as to the Type of Revolving Credit Loan, such notice shall be deemed a request for Borrowing of Prime Rate Loans. The
Administrative Agent or the Canadian Agent, as applicable, shall promptly notify each Lender of its proportionate share of such Borrowing, the date of such Borrowing, the Type of Borrowing being requested and the Interest Period or Interest Periods
applicable thereto, as appropriate. On the borrowing date specified in such notice, each Domestic Lender shall make its share of the Borrowing available at the office of the Administrative Agent at 100 Federal Street, Boston, Massachusetts 02110,
and each Canadian Lender shall make its share of the Borrowing available at the office of the Canadian Agent at 200 Front Street West, Toronto, Ontario, Canada M5V 3L2, in each case no later than 3:00 p.m., in immediately available funds. Unless the
Administrative Agent or the Canadian Agent, as applicable, shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent or the Canadian Agent,

  

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as applicable, such Lender’s share of such Borrowing, the Administrative Agent and the Canadian Agent may assume that such Lender has made such share available on such date in accordance
with this SECTION 2.04 and may, in reliance upon such assumption, make available to the Borrowers a corresponding amount. In the event a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent or the
Canadian Agent, as applicable, then the applicable Lender and the Borrowers severally agree to pay to the Administrative Agent or the Canadian Agent, as applicable, forthwith on demand such corresponding amount, with interest thereon for each day
from and including the date such amount is made available to the Borrowers to but excluding the date of payment to the Administrative Agent or the Canadian Agent, at (i) in the case of a Domestic Lender, the greater of the Federal Funds
Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, (ii) in the case of a Canadian Lender, the greater of the Canadian Prime Rate and a rate determined by the
Canadian Agent in accordance with banking industry rules on interbank compensation, or (iii) in the case of the Borrowers, the interest rate applicable to Prime Rate Loans. If such Lender pays such amount to the Administrative Agent or the
Canadian Agent, as applicable, then such amount shall constitute such Lender’s Revolving Credit Loan included in such Borrowing. Upon receipt of the funds made available by the Lenders to fund any borrowing hereunder, the Administrative Agent
or the Canadian Agent, as applicable, shall disburse such funds in the manner specified in the notice of borrowing delivered by the Lead Borrower or Canadian Borrower and shall use reasonable efforts to make the funds so received from the Lenders
available to the Borrowers no later than 5:00 p.m. 
 (c) To the extent not paid by the Borrowers when due (after
taking into consideration any applicable grace period), the Administrative Agent and the Canadian Agent, as applicable, without the request of the Lead Borrower or the Canadian Borrower, as applicable, may advance any interest, fee payable pursuant
to SECTION 2.19 or other payment to which any Credit Party is entitled from the Loan Parties pursuant hereto or any other Loan Document and may charge the same to the Loan Account notwithstanding that a Domestic Overadvance or Canadian Overadvance,
as applicable, may result thereby; provided that no such Overadvance may be made if after giving effect thereto, the aggregate Domestic Commitments or the aggregate Canadian Commitments would be exceeded. The Administrative Agent or
the Canadian Agent, as applicable, shall advise the Lead Borrower or the Canadian Borrower, as applicable, of any such advance or charge promptly after the making thereof. Such action on the part of the Administrative Agent or the Canadian Agent, as
applicable, shall not constitute a waiver of the Administrative Agent’s or the Canadian Agent’s rights and the Borrowers’ obligations under SECTION 2.17(a) and SECTION 2.17(b). Any amount which is added to the principal balance of the
Loan Account as provided in this SECTION 2.04(c) shall bear interest at the interest rate then and thereafter applicable to Prime Rate Loans. 

(d) Notwithstanding anything to the contrary herein contained, with respect to the Canadian Borrower, (i) all
references to “the Lead Borrower” and “the Administrative Agent” in SECTIONS 2.04(b), 2.04(c), 2.17, and 2.18 shall mean and refer to the Canadian Borrower and the Canadian Agent (except to the extent such provisions already make
reference to the Canadian Borrower and the Canadian Agent), respectively, (ii) the 
  

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address of the Canadian Agent to which each Lender must make its share of Borrowings to the Canadian Borrower available is 200 Front Street West, Toronto, Ontario, Canada, M5V 3L2, and
(iii) the Canadian Agent shall promptly notify the Administrative Agent of each Borrowing by the Canadian Borrower, the date of such Borrowing, the Type of Borrowing being requested and the Interest Period or Periods applicable thereto.

 SECTION 2.05 Overadvances. 

(a) The Agents, the Canadian Agent and the Lenders shall have no obligation to make any Revolving Credit Loan (including,
without limitation, any Swingline Loan) or to provide any Letter of Credit if a Domestic Overadvance or Canadian Overadvance would result. 

(b) The Administrative Agent may, in its discretion, and shall, at the direction of any Co-Collateral Agent, make
Permitted Domestic Overadvances to the Domestic Borrowers without the consent of the Lenders and each Lender shall be bound thereby. The Canadian Agent may, in its discretion, and shall, at the direction of any Co-Collateral Agent, make Permitted
Canadian Overadvances to the Canadian Borrower without the consent of the Lenders and each Lender shall be bound thereby. Any Permitted Domestic Overadvances or Permitted Canadian Overadvances may constitute Swingline Loans. The making of a
Permitted Domestic Overadvance is for the benefit of the Domestic Borrowers and shall constitute a Revolving Credit Loan and an Obligation. The making of a Permitted Canadian Overadvance is for the benefit of the Canadian Borrower and shall
constitute a Revolving Credit Loan and an Obligation. The making of any such Permitted Domestic Overadvance or Permitted Canadian Overadvance on any one occasion shall not obligate the Administrative Agent, the Co-Collateral Agents or the Canadian
Agent, as applicable, or any Lender to make or permit any Permitted Domestic Overadvance or Permitted Canadian Overadvance on any other occasion or to permit such Permitted Domestic Overadvances or Permitted Canadian Overadvances to remain
outstanding. 
 (c) The making by the Administrative Agent of a Permitted Domestic Overadvance or by the Canadian
Agent of a Permitted Canadian Overadvance shall not modify or abrogate any of the provisions of SECTION 2.13(g) regarding the Lenders’ obligations to purchase participations with respect to Letter of Credit Disbursements. 

SECTION 2.06 Swingline Loans 

(a) Each Swingline Lender is authorized by the Domestic Lenders and the Canadian Lenders, as applicable, to, and shall,
make Swingline Loans at any time (subject to SECTION 2.06(b)) (i) to the Domestic Borrowers up to the amount of the sum of the Domestic Swingline Loan Ceiling, plus any Permitted Domestic Overadvances, and (ii) to the Canadian
Borrower up to the amount of the sum of the Canadian Swingline Loan Ceiling, plus any Permitted Canadian Overadvances, in each case upon a notice of Borrowing from Lead Borrower received by the Administrative Agent or the Canadian Agent, as
applicable, and the applicable Swingline Lender (which notice, at the Swingline Lender’s discretion, may be submitted prior to 3:00 p.m. for the Domestic 

 

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Borrowers and 12:00 noon for the Canadian Borrower, on the Business Day on which such Swingline Loan is requested); provided that the Swingline Lender shall not be obligated to make
any Swingline Loan in its reasonable discretion if any Lender at such time is a Deteriorating Lender, unless the Swingline Lender has entered into satisfactory arrangements with the Borrowers or such Lender to eliminate the Swingline Lender’s
risk of full reimbursement with respect to such Swingline Loan. Swingline Loans shall be Prime Rate Loans and shall be subject to periodic settlement with the Domestic Lenders and Canadian Lenders, as applicable, under SECTION 2.22 below.
Immediately upon the making of a Swingline Loan, each Domestic Lender or Canadian Lender, as applicable, shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Swingline Lender a risk participation in
such Swingline Loan in an amount equal to the product of such Lender’s Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, times the amount of such Swingline Loan. Each Swingline Lender shall have all of the
benefits and immunities (A) provided to the Agents in Article VIII with respect to any acts taken or omissions suffered by the Swingline Lender in connection with Swingline Loans made by it or proposed to be made by it as if the term
“Agents” as used in Article VIII included each Swingline Lender with respect to such acts or omissions, and (B) as additionally provided herein with respect to each Swingline Lender. 

(b) The Lead Borrower’s request for a Swingline Loan shall be deemed a representation that the applicable conditions
for borrowing under SECTION 4.02 are satisfied. If the conditions for borrowing under SECTION 4.02 cannot in fact be fulfilled, (i) the Lead Borrower or the Canadian Borrower, as applicable, shall give immediate notice (a “Noncompliance
Notice”) thereof to the Administrative Agent, the Canadian Agent, and the applicable Swingline Lender, and the Administrative Agent and the Canadian Agent, as applicable, shall promptly provide each Lender with a copy of the Noncompliance
Notice, and (ii) the Required Lenders may direct the applicable Swingline Lender to, and such Swingline Lender thereupon shall, cease making Swingline Loans (other than Permitted Domestic Overadvances and Permitted Canadian Overadvances) until
such conditions can be satisfied or are waived in accordance with SECTION 9.02. Unless the Required Lenders so direct the applicable Swingline Lender, such Swingline Lender may, but is not obligated to, continue to make Swingline Loans commencing
one (1) Business Day after the Non-Compliance Notice is furnished to the Domestic Lenders. Notwithstanding the foregoing, no Swingline Loans (other than Permitted Domestic Overadvances and Permitted Canadian Overadvances) shall be made pursuant
to this SECTION 2.06(b) if the aggregate outstanding amount of the Credit Extensions and Swingline Loans would exceed the limitations set forth in SECTION 2.01. 

SECTION 2.07 Notes. 

(a) Upon the request of any Domestic Lender, the Revolving Credit Loans made by such Domestic Lender shall be evidenced by
a Revolving Credit Note, duly executed on behalf of the Domestic Borrowers, dated the Effective Date, as applicable, payable to the order of such Domestic Lender in an aggregate principal amount equal to such Domestic Lender’s Commitment.

  

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 (b) Upon the request of any Swingline Lender, the Revolving Credit Loans
made by such Swingline Lender with respect to Swingline Loans shall be evidenced by a Swingline Note, duly executed on behalf of the Borrowers, dated the Effective Date, payable to the order of such Swingline Lender, in an aggregate principal amount
equal to the Domestic Swingline Loan Ceiling or Canadian Swingline Loan Ceiling, as applicable. 
 (c) Upon the
request of any Canadian Lender, the Revolving Credit Loans made by such Canadian Lender shall be evidenced by a Revolving Credit Note, duly executed on behalf of the Canadian Borrower, dated the Effective Date, payable to the order of such Canadian
Lender in an aggregate principal amount equal to such Canadian Lender’s Commitment. 
 (d) Each Lender is
hereby authorized by the applicable Borrowers to endorse on a schedule attached to each Note delivered to such Lender (or on a continuation of such schedule attached to such Note and made a part thereof), or otherwise to record in such Lender’s
internal records, an appropriate notation evidencing the date and amount of each Loan from such Lender, each payment and prepayment of principal of any such Loan, each payment of interest on any such Loan and the other information provided for on
such schedule; provided, however, that the failure of any Lender to make such a notation or any error therein shall not affect the obligation of any Borrower to repay the Loans made by such Lender in accordance with the terms of this
Agreement and the applicable Notes. 
 (e) Upon receipt of an affidavit and indemnity of a Lender as to the loss,
theft, destruction or mutilation of such Lender’s Note and upon cancellation of such Note, the Borrowers will issue, in lieu thereof, a replacement Note in favor of such Lender, in the same principal amount thereof and otherwise of like tenor
at such Lender’s expense. 
 SECTION 2.08 Interest on Revolving Credit Loans. 

(a) Interest on Revolving Credit Loans. 

(i) Subject to SECTION 2.12, each Prime Rate Loan made by a Lender shall bear interest (computed on the basis of the
actual number of days elapsed over a year of 365 or 366 days, as applicable) at a rate per annum that shall be equal to the then Prime Rate or Canadian Prime Rate, as applicable, plus the Applicable Margin for Prime Rate Loans. 

(ii) Subject to SECTION 2.09 through SECTION 2.12, each LIBO Loan made by a Lender shall bear interest (computed on the
basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal, during each Interest Period applicable thereto, to the Adjusted LIBO Rate for such Interest Period, plus the Applicable Margin for LIBO Loans (or
with respect to Loans to the Canadian Borrower made in dollars, the Applicable Margin for LIBO Loans made in dollars or Prime Rate Loans, as applicable). 

(iii) Subject to SECTION 2.12, each BA Equivalent Loan made by a Lender shall bear interest (computed on the basis of the
actual number of days elapsed over a year of 365 or 366 days, as applicable) at a rate per annum that shall be equal to the then BA Rate, plus the Applicable Margin for BA Equivalent Loans 

 

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 (b) Accrued interest on all Loans shall be payable in arrears on each
Interest Payment Date applicable thereto, at maturity (whether by acceleration or otherwise) and after such maturity on demand. 

(c) For the purposes of the Interest Act (Canada) and disclosure thereunder, whenever interest to be paid hereunder
is to be calculated on the basis of a year of 360 days or any other period of time that is less than a calendar year, the yearly rate of interest to which the rate determined pursuant to such calculation is equivalent is the rate so determined
multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by either 360 or such other period of time, as the case may be. Calculations of interest shall be made using the nominal rate method of
calculation, and will not be calculated using the effective rate method of calculation or any other basis that gives effect to the principle of deemed reinvestment of interest. 

SECTION 2.09 Conversion and Continuation of Revolving Credit Loans. 

(a) The Lead Borrower or the Canadian Borrower, as applicable, shall have the right at any time, on two (2) Business
Days’ prior notice to the Administrative Agent or the Canadian Agent, as applicable (which notice, to be effective, must be received by the Administrative Agent not later than 11:00 a.m. on the second Business Day preceding the date of any
conversion), (i) to convert any outstanding Borrowings of Prime Rate Loans to Borrowings of LIBO Loans, in the case of the Domestic Borrowers, Dollar denominated Prime Rate Loans to Borrowings of LIBO Loans or CD$ denominated Prime Rate Loans
to Borrowings of BA Equivalent Loans, in the case of the Canadian Borrower, or (ii) to continue an outstanding Borrowing of LIBO Loans or BA Equivalent Loans for an additional Interest Period, or (iii) to convert any outstanding Borrowings
of LIBO Loans to a Borrowing of dollar denominated Prime Rate Loans, and to convert any outstanding Borrowings of BA Equivalent Loans to a Borrowing of CD$ denominated Prime Rate Loans subject in each case to the following: 

(i) No Borrowing of Revolving Credit Loans may be converted into, or continued as, LIBO Loans or BA Equivalent Loans at
any time when any Specified Default has occurred and is continuing (nothing contained herein being deemed to obligate the Borrowers to incur Breakage Costs upon the occurrence of an Event of Default unless the Obligations are accelerated);

 (ii) If less than a full Borrowing of Revolving Credit Loans is converted, such conversion shall be made
pro rata among the Domestic Lenders or Canadian Lenders, as applicable, based upon their Domestic Commitment Percentages or Canadian Commitment Percentages, as applicable, in accordance with the respective principal amounts of the
Revolving Credit Loans comprising such Borrowing held by such Lenders immediately prior to such conversion; 
  

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 (iii) The aggregate principal amount of Prime Rate Loans being converted
into, or continued as, LIBO Loans shall be in an integral of $1,000,000 and at least $5,000,000, and the aggregate principal amount of Prime Rate Loans being converted into, or continued as, BA Equivalent Loans shall be in an integral of
CD$1,000,000 and at least CD$1,000,000; 
 (iv) Each Lender shall effect each conversion by applying the proceeds
of its new LIBO Loan or dollar denominated Prime Rate Loan, as the case may be, to its Revolving Credit Loan being so converted and also, in the case of each Canadian Lender, shall effect each conversion by applying the proceeds of its new BA
Equivalent Loan or CD$ denominated Prime Rate Loan, as the case may be, to its Revolving Credit Loan being so converted; 

(v) The Interest Period with respect to a Borrowing of LIBO Loans or BA Equivalent Loans effected by a conversion or in
respect to the Borrowing of LIBO Loans or BA Equivalent Loans being continued as LIBO Loans or BA Equivalent Loans, respectively, shall commence on the date of conversion or the expiration of the current Interest Period applicable to such continuing
Borrowing, as the case may be; 
 (vi) A Borrowing of LIBO Loans or BA Equivalent Loans may be converted only on
the last day of an Interest Period applicable thereto, unless the applicable Borrower pays all Breakage Costs incurred in connection with such conversion; 

(vii) In no event shall more than fifteen (15) Borrowings of LIBO Loans be outstanding at any time or more than eight
(8) Borrowings of BA Equivalent Loans be outstanding at any time and 
 (viii) Each request for a conversion
or continuation of a Borrowing of LIBO Loans or BA Equivalent Loans which fails to state an applicable Interest Period shall be deemed to be a request for an Interest Period of one (1) month. 

(b) If the Lead Borrower or the Canadian Borrower, as applicable, does not give notice to convert any Borrowing of LIBO
Loans or BA Equivalent Loans, or does not give notice to continue, or does not have the right to continue, any Borrowing as LIBO Loans or BA Equivalent Loans, in each case as provided in SECTION 2.09(a) above, such Borrowing shall automatically be
converted to, or continued as, as applicable, a Borrowing of dollar denominated Prime Rate Loans or a Borrowing of CD$ denominated Prime Rate Loans, at the expiration of the then-current Interest Period. The Administrative Agent or Canadian Agent,
as applicable, shall, after it receives notice from the Lead Borrower or the Canadian Borrower, promptly give each Domestic Lender or Canadian Lender, as applicable, notice of any conversion, in whole or part, of any Revolving Credit Loan made by
such Lender. 
 SECTION 2.10 Alternate Rate of Interest for Revolving Credit Loans. 

If prior to the commencement of any Interest Period for a LIBO Borrowing or BA Equivalent Loan Borrowing, the Administrative Agent or the
Canadian Agent, as applicable: 
 (a) Reasonably determines (which determination shall be conclusive absent
manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the BA Rate (in accordance with the terms of the definitions thereof) for such Interest Period; or 

 

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 (b) Is advised by the Required Lenders that the Adjusted LIBO Rate or BA
Rate for such Interest Period will not adequately and fairly reflect the cost to such Required Lenders of making or maintaining their Revolving Credit Loans included in such Borrowing for such Interest Period; 

then the Administrative Agent or the Canadian Agent, as applicable, shall give notice thereof to the Lead Borrower or the Canadian Borrower, as
applicable, and the Lenders, in the case of a requested LIBO Borrowing, and the Canadian Lenders, in the case of a requested BA Equivalent Loan Borrowing, by telephone or telecopy as promptly as practicable thereafter and, until the Administrative
Agent or the Canadian Agent notifies the Lead Borrower or the Canadian Borrower, as applicable, and the applicable Lenders that the circumstances giving rise to such notice no longer exist (which notice the Administrative Agent or the Canadian
Agent, as applicable, shall deliver promptly upon obtaining knowledge of the same), (i) any Borrowing Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a LIBO Borrowing or a BA Equivalent Loan
Borrowing shall be ineffective and (ii) if any Borrowing Request requests a LIBO Borrowing or a BA Equivalent Loan Borrowing, such Borrowing shall be made as a Borrowing of Prime Rate Loans unless withdrawn by the Lead Borrower or Canadian
Borrower, as the case may be. 
 SECTION 2.11 Change in Legality. 

(a) Notwithstanding anything to the contrary contained elsewhere in this Agreement, if any Change in Law occurring after
the Effective Date shall make it unlawful for a Lender to make or maintain a LIBO Loan or to give effect to its obligations as contemplated hereby with respect to a LIBO Loan, then, by written notice to the Lead Borrower or to the Canadian Borrower,
as applicable, such Lender may (i) declare that LIBO Loans will not thereafter be made by such Lender hereunder, whereupon any request by the Lead Borrower or the Canadian Borrower, as applicable, for a LIBO Borrowing shall, unless withdrawn,
as to such Lender only, be deemed a request for a Dollar denominated Prime Rate Loan unless such declaration shall be subsequently withdrawn; and (ii) require that all outstanding LIBO Loans made by such Lender be converted to Dollar
denominated Prime Rate Loans, in which event all such LIBO Loans shall be automatically converted to Dollar denominated Prime Rate Loans as of the effective date of such notice as provided in SECTION 2.09(b). In the event any Lender shall exercise
its rights hereunder, all payments and prepayments of principal which would otherwise have been applied to repay the LIBO Loans that would have been made by such Lender or the converted LIBO Loans of such Lender, shall instead be applied to repay
the Prime Rate Loans made by such Lender in lieu of, or resulting from the conversion of, such LIBO Loans. 
 (b)
For purposes of this SECTION 2.11, a notice to the Lead Borrower or to the Canadian Borrower, as applicable, pursuant to SECTION 2.11(a) above shall be 

 

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effective, if lawful, and if any LIBO Loans shall then be outstanding, on the last day of the then-current Interest Period; and, otherwise, such notice shall be effective on the date of receipt
by the Lead Borrower or the Canadian Borrower, as applicable. 
 SECTION 2.12 Default Interest. 

Effective upon written notice from the Administrative Agent or the Canadian Agent, as applicable, after the occurrence of any Specified
Default and at all times thereafter while such Specified Default is continuing, interest shall accrue on all overdue amounts owing by the Borrowers (after as well as before judgment, as and to the extent permitted by law) at a rate per annum
(computed on the basis of the actual number of days elapsed over a year of 365 or 366 days as applicable) (the “Default Rate”) equal to the rate (including the Applicable Margin) in effect from time to time plus two percent
(2.00%) per annum and such interest shall be payable on each Interest Payment Date (or any earlier maturity of the Loans). 

SECTION 2.13 Letters of Credit. 

(a) Upon the terms and subject to the conditions herein set forth, at any time and from time to time after the date hereof
and prior to the Termination Date, the Lead Borrower on behalf of the Domestic Borrowers, and the Canadian Borrower for itself and its Subsidiaries, may request an Issuing Bank (which in the case of the Canadian Borrower shall be the Canadian Agent
or a Canadian Lender) to issue, and subject to the terms and conditions contained herein, such Issuing Bank shall issue, for the account of the relevant Borrower, one or more Letters of Credit; provided, however, that no Letter of
Credit shall be issued if, after giving effect to such issuance, (i) the aggregate Domestic Letter of Credit Outstandings shall exceed the Domestic Letter of Credit Sublimit, (ii) the aggregate Canadian Letter of Credit Outstandings shall
exceed the Canadian Letter of Credit Sublimit, or (iii) the aggregate Credit Extensions (including Swingline Loans) would exceed the limitations set forth in SECTION 2.01(a); provided further that no Letter of Credit shall be
issued unless an Issuing Bank shall have received notice from the Administrative Agent or the Canadian Agent that the conditions to such issuance have been met (such notice shall be deemed given (x) if the Issuing Bank has not received notice
that the conditions have not been met, within two (2) Business Days of the initial request to the Issuing Bank and the Administrative Agent or Canadian Agent, as applicable, pursuant to SECTION 2.13(h), or (y) if the aggregate undrawn
amount under Letters of Credit issued by such Issuing Bank then outstanding does not exceed the amount theretofore agreed to by the Lead Borrower, the Administrative Agent and the Issuing Bank, on the same Business Day as the receipt by the Issuing
Bank of the request for issuance of a Letter of Credit if the request is received prior to 12:00 noon or on the next Business Day if the request is received after 12:00 noon); and provided further that an Issuing Bank shall not be
required to issue any such Letter of Credit in its reasonable discretion if: (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the Issuing Bank from issuing such
Letter of Credit, or any Applicable Law relating to the Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the Issuing Bank shall prohibit, or request that the
Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in 
  

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particular or shall impose upon the Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the Issuing Bank is not otherwise compensated
hereunder) not in effect on the Effective Date, or shall impose upon the Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the Effective Date and which the Issuing Bank in good faith deems material to it, (B) the
issuance of such Letter of Credit would violate one or more policies of the Issuing Bank applicable to letters of credit generally, or (C) any Lender is at such time a Deteriorating Lender hereunder, unless the Issuing Bank has entered into
satisfactory arrangements with the Borrowers or such Lender to eliminate the Issuing Bank’s risk of full reimbursement with respect to such Letter of Credit. A permanent reduction of the Domestic Commitments or Canadian Commitments shall not
require a corresponding pro rata reduction in the Domestic Letter of Credit Sublimit or the Canadian Letter of Credit Sublimit, as applicable; provided, however, that if the Domestic Total Commitments or Canadian Total Commitments are
reduced to an amount less than the Domestic Letter of Credit Sublimit or the Canadian Letter of Credit Sublimit, as applicable, then the Domestic Letter of Credit Sublimit or the Canadian Letter of Credit Sublimit, as applicable shall be reduced to
an amount equal to (or, at Lead Borrower’s or the Canadian Borrower’s option, less than) the Domestic Total Commitments or Canadian Total Commitments. Any Issuing Bank (other than Bank of America or any of its Affiliates) shall notify the
Administrative Agent in writing on each Business Day of all Letters of Credit issued on the prior Business Day by such Issuing Bank; provided that (A) until the Administrative Agent advises any such Issuing Bank that Excess
Availability is less than $250,000,000, or (B) the aggregate amount of the Letters of Credit issued in any such week exceeds such amount as shall be agreed by the Administrative Agent and the Issuing Bank, such Issuing Bank shall be required to
so notify the Administrative Agent in writing only once each week of the Letters of Credit issued by such Issuing Bank during the immediately preceding week as well as the daily amounts outstanding for the prior week, such notice to be furnished on
such day of the week as the Administrative Agent and such Issuing Bank may agree. 
 (b) Each Standby Letter of
Credit shall expire at or prior to the close of business on the earlier of the date which is (i) one (1) year after the date of the issuance of such Letter of Credit (or such other longer period of time as the Administrative Agent and the
applicable Issuing Bank may agree) (or, in the case of any renewal or extension thereof, one (1) year after such renewal or extension) and (ii) unless Cash Collateralized or otherwise credit supported to the reasonable satisfaction of the
Administrative Agent and the applicable Issuing Bank, five (5) Business Days prior to the Maturity Date; provided, however, that each Standby Letter of Credit may, upon the request of the Lead Borrower or the Canadian Borrower, as
applicable, include a provision whereby such Letter of Credit shall be renewed automatically for additional consecutive periods of twelve (12) months or less (but not beyond the date that is five (5) Business Days prior to the Maturity
Date unless Cash Collateralized or otherwise credit supported to the reasonable satisfaction of the Administrative Agent and the applicable Issuing Bank) unless the applicable Issuing Bank notifies the beneficiary thereof at least thirty
(30) days prior to the then-applicable expiration date that such Letter of Credit will not be renewed. 
  

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 (c) Each Commercial Letter of Credit shall expire at or prior to the close
of business on the earlier of the date which is (i) one year after the date of the issuance of such Commercial Letter of Credit (or such other period as may be acceptable to the Administrative Agent and the applicable Issuing Bank) and
(ii) unless Cash Collateralized or otherwise credit supported to the reasonable satisfaction of the Administrative Agent and the applicable Issuing Bank, five (5) Business Days prior to the Maturity Date. 

(d) Drafts drawn under each Letter of Credit shall be reimbursed by the Domestic Borrowers, in the case of any Letter of
Credit issued for them, and by the Canadian Borrower, in the case of a Canadian Letter of Credit, in the currency in which the Letter of Credit is issued by paying to the Administrative Agent or the Canadian Agent, as applicable, an amount equal to
such drawing not later than 12:00 noon on the Business Day immediately following the day that the Lead Borrower or the Canadian Borrower receives notice of such drawing and demand for payment by the applicable Issuing Bank, provided
that (i) in the absence of written notice to the contrary from the Lead Borrower or the Canadian Borrower, as applicable, and subject to the other provisions of this Agreement, such payments shall be financed when due with a Prime Rate
Loan or Swingline Loan to the applicable Borrower in an equivalent amount and the same currency and, to the extent so financed, the respective Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Prime
Rate Loan or Swingline Loan, and (ii) in the event that the Lead Borrower or the Canadian Borrower, as applicable, has notified the Administrative Agent or the Canadian Agent, as applicable, that it will not so finance any such payments, the
applicable Borrowers will make payment directly to the applicable Issuing Bank when due. Such payments shall be due on the date specified in the demand for payment by the Issuing Bank. The Administrative Agent or the Canadian Agent, as applicable,
shall promptly remit the payments received by it from any Borrower in reimbursement of a draw under a Letter of Credit to the applicable Issuing Bank or the proceeds of a Prime Rate Loan or Swingline Loan, as the case may be, used to finance such
payment. The Issuing Banks shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Banks shall promptly notify the Administrative Agent or the Canadian
Agent, as applicable, and the Lead Borrower or the Canadian Borrower, as applicable, by telephone (confirmed by telecopy) of such demand for payment and whether the applicable Issuing Bank has made or will make payment thereunder; provided,
however, that any failure to give or delay in giving such notice shall not relieve the Borrowers of their obligation to reimburse the applicable Issuing Bank and the Lenders with respect to any such payment. 

(e) If an Issuing Bank shall make any Letter of Credit Disbursement, then, unless the applicable Borrowers shall reimburse
such Issuing Bank in full on the date provided in SECTION 2.13(d), above, the unpaid amount thereof shall bear interest at the rate per annum then applicable to Prime Rate Loans for Domestic Borrowers or the Canadian Borrower, as applicable, for
each day from and including the date such payment is made to, but excluding, the date that such Borrowers reimburse such Issuing Bank therefor; provided, however, that, if such Borrowers fail to reimburse such Issuing Bank when due
pursuant to this SECTION 2.13(e), then interest shall accrue at the rate 
  

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set forth in SECTION 2.12. Interest accrued pursuant to this paragraph shall be for the account of, and promptly remitted by the Administrative Agent or the Canadian Agent, as applicable, upon
receipt to, the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to SECTION 2.13(g) to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment.

 (f) Immediately upon the issuance of any Letter of Credit by an Issuing Bank (or the amendment of a Letter of
Credit increasing the amount thereof), and without any further action on the part of such Issuing Bank, such Issuing Bank shall be deemed to have sold to each Domestic Lender or Canadian Lender, as applicable, and each such Lender shall be deemed
unconditionally and irrevocably to have purchased from such Issuing Bank, without recourse or warranty, an undivided interest and participation, to the extent of such Lender’s Domestic Commitment Percentage or Canadian Commitment Percentage, as
applicable, in such Letter of Credit, each drawing thereunder and the obligations of the Borrowers under this Agreement and the other Loan Documents with respect thereto. Upon any change in the Domestic Commitments or Canadian Commitments pursuant
to SECTION 2.02 (other than pursuant to SECTION 2.02(e)), SECTION 2.15, SECTION 2.17 or SECTION 9.04 of this Agreement, it is hereby agreed that with respect to all Letter of Credit Outstandings, there shall be an automatic adjustment to the
participations hereby created to reflect the new Domestic Commitment Percentages or new Canadian Commitment Percentages, as applicable, of the assigning and assignee Lenders and the Additional Commitment Lenders, if applicable. Any action taken or
omitted by an Issuing Bank under or in connection with a Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct, shall not create for such Issuing Bank any resulting liability to any Lender. 

(g) In the event that an Issuing Bank makes any Letter of Credit Disbursement and the Borrowers shall not have reimbursed
such amount in full to such Issuing Bank pursuant to this SECTION 2.13, such Issuing Bank shall promptly notify the Administrative Agent or the Canadian Agent, as applicable, which shall promptly notify each Domestic Lender or Canadian Lender, as
applicable, of such failure, and each Domestic Lender or Canadian Lender, as applicable, shall promptly and unconditionally pay to the Administrative Agent or the Canadian Agent, as applicable, for the account of such Issuing Bank the amount of such
Lender’s Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, of such unreimbursed payment in dollars and in same day funds. If an Issuing Bank so notifies the Administrative Agent or the Canadian Agent, as
applicable, and the Administrative Agent or the Canadian Agent so notifies the applicable Lenders prior to 11:00 a.m. on any Business Day, each such Domestic Lender or Canadian Lender, as applicable, shall make available to such Issuing Bank such
Lender’s Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, of the amount of such payment on such Business Day in same day funds (or if such notice is received by the Domestic Lenders or Canadian Lenders, as
applicable, after 11:00 a.m. on the day of receipt, payment shall be made on the immediately following Business Day in same day funds). If and to the extent such Domestic Lender or Canadian Lender, as applicable, shall not have so made its Domestic
Commitment Percentage or Canadian Commitment Percentage, as applicable, of the amount of such payment available to the applicable Issuing Bank, such Domestic Lender 

 

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or Canadian Lender, as applicable, agrees to pay to such Issuing Bank forthwith on demand such amount, together with interest thereon, for each day from such date until the date such amount is
paid to the Administrative Agent or the Canadian Agent, as applicable, for the account of such Issuing Bank at the Federal Funds Effective Rate, in the case of payments by a Domestic Lender, and the Canadian Prime Rate, in the case of payments by a
Canadian Lender. Each Lender agrees to fund its Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, of such unreimbursed payment notwithstanding a failure to satisfy any applicable lending conditions or the provisions of
SECTION 2.01 or SECTION 2.06, or the occurrence of the Termination Date. The failure of any Domestic Lender or Canadian Lender to make available to the applicable Issuing Bank its Domestic Commitment Percentage or Canadian Commitment Percentage of
any payment under any Letter of Credit shall neither relieve any Domestic Lender or any Canadian Lender, as applicable, of its obligation hereunder to make available to such Issuing Bank its Domestic Commitment Percentage or Canadian Commitment
Percentage, as applicable, of any payment under any Letter of Credit on the date required, as specified above, nor increase the obligation of such other Domestic Lender or Canadian Lender. Whenever any Domestic Lender or Canadian Lender, as
applicable, has made payments to an Issuing Bank in respect of any reimbursement obligation for any Letter of Credit, such Domestic Lender or Canadian Lender shall be entitled to share ratably, based on its Domestic Commitment Percentage or Canadian
Commitment Percentage, as applicable, in all payments and collections thereafter received on account of such reimbursement obligation. All participations in Letters of Credit by the Lenders shall be made in such currency as the Letter of Credit is
denominated or in the dollar equivalent thereof. 
 (h) Whenever the Lead Borrower or the Canadian Borrower, as
applicable, desires that an Issuing Bank issue a Letter of Credit (or the amendment, renewal or extension (other than automatic renewal or extensions) of an outstanding Letter of Credit), the Lead Borrower or the Canadian Borrower, as applicable,
shall give to the applicable Issuing Bank and the Administrative Agent or the Canadian Agent, as applicable, at least two (2) Business Days’ prior written (including, without limitation, by telegraphic, telex, facsimile or cable
communication) notice (or such shorter period as may be agreed upon in writing by the applicable Issuing Bank and the Lead Borrower) specifying the date on which the proposed Letter of Credit is to be issued, amended, renewed or extended (which
shall be a Business Day), the Stated Amount of the Letter of Credit so requested (and, if for the Canadian Borrower, whether such Letter of Credit is to be denominated in dollars or CD$), the expiration date of such Letter of Credit, the name and
address of the beneficiary thereof, and the provisions thereof. If requested by an Issuing Bank, the Lead Borrower or the Canadian Borrower, as applicable, shall also submit documentation on such Issuing Bank’s standard form in connection with
any request for the issuance, amendment, renewal or extension of a Letter of Credit; provided that, in the event of a conflict or inconsistency between the terms of such documentation and this Agreement, the terms of this Agreement
shall supersede any inconsistent or contrary terms in such documentation and this Agreement shall control. 
 (i)
Subject to the limitations set forth below, the obligations of the Borrowers to reimburse the Issuing Banks for any Letter of Credit Disbursement shall be 

 

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unconditional and irrevocable and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including, without limitation (it being understood that any such
payment by the Borrowers shall be without prejudice to, and shall not constitute a waiver of, any rights the Borrowers might have or might acquire as a result of the payment by an Issuing Bank of any draft or the reimbursement by the Borrowers
thereof): (i) any lack of validity or enforceability of a Letter of Credit; (ii) the existence of any claim, setoff, defense or other right which a Borrower may have at any time against a beneficiary of any Letter of Credit or against any
Issuing Bank or any of the Credit Parties, whether in connection with this Agreement, the transactions contemplated herein or any unrelated transaction; (iii) any draft, demand, certificate or other document presented under any Letter of Credit
proving to be forged or fraudulent in any respect or any statement therein being untrue or inaccurate in any respect; (iv) payment by an Issuing Bank of any Letter of Credit against presentation of a demand, draft or certificate or other
document which does not strictly comply with the terms of such Letter of Credit; (v) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this SECTION 2.13,
constitute a legal or equitable discharge of, or provide a right of setoff against, any Loan Party’s obligations hereunder; or (vi) the fact that any Event of Default shall have occurred and be continuing; provided that the
Borrowers shall have no obligation to reimburse the Issuing Bank to the extent that such payment was made in error due to the gross negligence or willful misconduct of the Issuing Bank (as determined by a court of competent jurisdiction or another
independent tribunal having jurisdiction). No Credit Party shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder
(irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit
(including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the Issuing Banks; provided that the foregoing shall not be
construed to excuse the Issuing Banks from liability to the Borrowers to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrowers to the extent permitted by applicable law)
suffered by the Borrowers that are caused by the applicable Issuing Bank’s gross negligence or willful misconduct when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. In
furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented that appear on their face to be in compliance with the terms of a Letter of Credit, an Issuing Bank may, in its
reasonable discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such
documents are not in strict compliance with the terms of such Letter of Credit. 
 (j) If any Enumerated Default
shall occur and be continuing, on the Business Day that the Lead Borrower or the Canadian Borrower, as applicable, receives notice from the Administrative Agent or the Canadian Agent, as applicable, or the Required Lenders demanding the deposit of
cash collateral pursuant to this paragraph, the 
  

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applicable Loan Parties shall immediately Cash Collateralize the Letter of Credit Outstandings owing by such Loan Parties as of such date. For purposes of this Agreement, “Cash
Collateralize” means to deposit in the applicable Cash Collateral Account an amount in cash equal to 103% of the Letter of Credit Outstandings owing by such Loan Parties as of such date, plus any accrued and unpaid interest thereon. Each
such deposit shall be held by the Administrative Agent or the Canadian Agent for the payment and performance of the Obligations and the Other Liabilities. The Administrative Agent or the Canadian Agent, as applicable, shall have exclusive dominion
and control, including the exclusive right of withdrawal, over such Cash Collateral Account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and in the sole discretion of the
Administrative Agent or the Canadian Agent, as applicable (at the request of the Lead Borrower and at the Borrowers’ risk and expense); such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in
such account. Moneys in such Cash Collateral Account shall be applied by the Administrative Agent or the Canadian Agent to reimburse the Issuing Banks for payments on account of drawings under Letters of Credit for which it has not been reimbursed
and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrowers for the Letter of Credit Outstandings at such time or, if the maturity of the Loans has been accelerated, shall be applied to
satisfy the other respective Obligations and the Other Liabilities of the applicable Borrower. If the applicable Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Enumerated Default, such
amount (to the extent not applied as aforesaid) shall be returned promptly to the respective Borrower but in no event later than two (2) Business Days after all Enumerated Defaults have been cured or waived. 

(k) Notwithstanding anything to the contrary contained herein, with respect to the Canadian Borrower only, if an Issuing
Bank for any Canadian Letter of Credit is not the Canadian Agent or a Canadian Lender: (i) the Canadian Borrower authorizes the Canadian Agent to arrange for the issuance of Canadian Letters of Credit from such Issuing Bank and to pay and
indemnify (the “L/C Credit Support”) such Issuing Bank from and against all reasonable charges in connection with the issuance, negotiation, settlement, amendment and processing of each such Canadian Letter of Credit, and the
Canadian Borrower agrees to pay and indemnify the Canadian Agent for and in respect of the L/C Credit Support and agrees that such obligation to pay and indemnify shall be deemed Canadian Liabilities; (ii) any notices, requests or applications
under this SECTION 2.13 shall contemporaneously be delivered to both such Issuing Bank and the Canadian Agent; (iii) drafts drawn under any Letters of Credit as provided in and L/C Disbursements as provided in SECTION 2.13(d) shall immediately
and on the same Business Day be reimbursed by the Canadian Agent, and all interest accruing or payable pursuant to SECTION 2.13(d) or SECTION 2.13(f) shall be for the account of the Canadian Agent and not the Issuing Banks; and (iv) the
Canadian Borrower’s reimbursement obligation under SECTION 2.13(d) and/or SECTION 2.13(g) shall be due to the Canadian Agent and the Lenders shall make available to the Canadian Agent (for its own account) the amount of its payment provided for
in SECTION 2.13(g). 
  

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 SECTION 2.14 Increased Costs. 

(a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender or any holding company of any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate) or the Issuing
Banks; or 
 (ii) impose on any Lender or any Issuing Bank or the London interbank market any other condition,
cost or expense affecting this Agreement or LIBO Loans made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any LIBO Loan (or of
maintaining its obligation to make any such Revolving Credit Loan) or to increase the cost to such Lender or such Issuing Bank of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to
issue any Letter of Credit) or to reduce the amount of any sum received or receivable by such Lender or such Issuing Bank hereunder (whether of principal, interest or otherwise), then, upon the request of such Lender or such Issuing Bank, the
Domestic Borrowers or the Canadian Borrower, as applicable, will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank, as the case may be, for such
additional costs incurred or reduction suffered. 
 (b) If any Lender or any Issuing Bank determines that any
Change in Law regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of such Lender’s or such Issuing Bank’s holding company,
if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such
Lender’s or such Issuing Bank’s holding company would have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing
Bank’s holding company with respect to capital adequacy), then from time to time the Borrowers will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing
Bank or such Lender’s or such Issuing Bank’s holding company for any such reduction suffered. 
 (c) A
certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or such Issuing Bank or its holding company, as the case may be, as specified in paragraphs (a) or (b) of this SECTION 2.14
and setting forth in reasonable detail the manner in which such amount or amounts were determined shall be delivered to the Lead Borrower or the Canadian Borrower, as applicable, and shall be conclusive absent manifest error. The Domestic Borrowers
or the Canadian Borrower, as applicable, shall pay such Lender or such Issuing Bank, as the case may be, the amount shown as due on any such certificate within fifteen (15) Business Days after receipt thereof. 

 

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 (d) Failure or delay on the part of any Lender or any Issuing Bank to demand
compensation pursuant to this SECTION 2.14 shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided that the Borrowers shall not be required to compensate a Lender or
an Issuing Bank pursuant to this SECTION 2.14 for any increased costs or reductions incurred more than 90 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Borrowers of the Change in Law giving rise to
such increased costs or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is
retroactive, then the 90 day period referred to above shall be extended to include the period of retroactive effect thereof. 

SECTION 2.15 Termination or Reduction of Commitments. 

(a) Upon at least two (2) Business Days’ prior written notice to the Administrative Agent, the Lead Borrower
may, at any time, in whole permanently terminate, or from time to time in part permanently reduce, the Domestic Commitments. Each such reduction shall be in the principal amount of $5,000,000 or any integral multiple thereof. Each such reduction or
termination shall (i) be applied ratably to the Domestic Commitments of each Lender and (ii) be irrevocable at the effective time of any such termination or reduction. The Domestic Borrowers shall pay to the Administrative Agent, for
application as provided in clause (i) of this SECTION 2.15(a), (A) at the effective time of any such termination (but not any partial reduction), all earned and unpaid Unused Fees accrued on the Domestic Commitments so terminated and
(B) at the effective time of any such reduction or termination, any amount by which the Credit Extensions to the Domestic Borrowers outstanding on such date exceed the amount to which the Domestic Commitments are to be reduced effective on such
date. 
 (b) Upon at least two (2) Business Days’ prior written notice to the Canadian Agent, the
Canadian Borrower may, at any time, in whole permanently terminate, or from time to time in part permanently reduce, the Canadian Commitments. Each such reduction shall be in the principal amount of $5,000,000 or any integral multiple thereof. Each
such reduction or termination shall (i) be applied ratably to the Canadian Commitments of each Canadian Lender and (ii) be irrevocable at the effective time of any such termination or reduction. The Canadian Borrower shall pay to the
Canadian Agent, for application as provided in clause (i) of this SECTION 2.15(b), (A) at the effective time of each such termination (but not any partial reduction), all earned and unpaid Canadian Unused Fees accrued on the Canadian
Commitments so terminated and (B) at the effective time of each such reduction or termination, any amount by which the Credit Extensions to the Canadian Borrower outstanding on such date exceed the amount to which the Canadian Commitments are
to be reduced effective on such date. 
 (c) In the event that the Lead Borrower terminates the Domestic
Commitments, the Canadian Commitments shall be deemed to have also been terminated, without any further action by the Lead Borrower, the Canadian Borrower or any Credit Party. 

 

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 SECTION 2.16 Optional Prepayment of Loans; Reimbursement of Lenders. 

(a) The Borrowers shall have the right, at any time and from time to time, to prepay (without a commitment reduction)
outstanding Revolving Credit Loans in whole or in part, (x) with respect to LIBO Loans or BA Equivalent Loans, upon at least two (2) Business Days’ prior written, telex or facsimile notice to the Administrative Agent or the Canadian
Agent, as applicable, prior to 12:00 noon, and (y) with respect to Prime Rate Loans, on the same Business Day if written, telex or facsimile notice is received by the Administrative Agent or the Canadian Agent, as applicable, prior to 12:00
noon (or 11:00 a.m. in the case of CD$ Prime Rate Loans or Dollar denominated Prime Rate Loans of the Canadian Borrower), subject in each case to the following limitations: 

(i) Subject to SECTION 2.17, all prepayments shall be paid to the Administrative Agent or the Canadian Agent, as
applicable, for application (except as otherwise directed by the applicable Borrower), first, to the prepayment of outstanding Swingline Loans, second, to the prepayment of other outstanding Revolving Credit Loans ratably in accordance
with each Lender’s Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, and, third, if an Enumerated Default then exists, to Cash Collateralize the Letter of Credit Outstandings; 

(ii) Subject to the foregoing, outstanding Prime Rate Loans of the Domestic Borrowers shall be prepaid before outstanding
LIBO Loans are prepaid, and outstanding Prime Rate Loans of the Canadian Borrower shall be prepaid before outstanding BA Equivalent Loans or LIBO Loans are prepaid (except as otherwise directed by the applicable Borrower). Each partial prepayment of
LIBO Loans shall be in an integral multiple of $1,000,000 (but in no event less than $10,000,000), and each partial prepayment of BA Equivalent Loans shall be in an integral multiple of CD$1,000,000 (but in no event less than CD$5,000,000). No
prepayment of LIBO Loans or BA Equivalent Loans shall be permitted pursuant to this SECTION 2.16 other than on the last day of an Interest Period applicable thereto, unless the applicable Borrowers reimburse the Lenders for all Breakage Costs
associated therewith within five (5) Business Days of receiving a written demand for such reimbursement which sets forth the calculation of such Breakage Costs in reasonable detail. No partial prepayment of a Borrowing of LIBO Loans shall
result in the aggregate principal amount of the LIBO Loans remaining outstanding pursuant to such Borrowing being less than $10,000,000 (unless all such outstanding LIBO Loans are being prepaid in full). No partial prepayment of a Borrowing of BA
Equivalent Loans shall result in the aggregate principal amount of the BA Equivalent Loans remaining outstanding pursuant to such Borrowing being less than CD$5,000,000 (unless all such outstanding BA Equivalent Loans are being prepaid in full); and

 (iii) Each notice of prepayment shall specify the prepayment date, the principal amount and Type of the Loans
to be prepaid and, in the case of LIBO Loans or BA Equivalent Loans, the Borrowing or Borrowings pursuant to which such Revolving 

 

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Credit Loans were made. Each notice of prepayment shall be revocable; provided that, within five (5) Business Days of receiving a written demand for such reimbursement which
sets forth the calculation of such Breakage Costs in reasonable detail, the applicable Borrower shall reimburse the Lenders for all Breakage Costs associated with the revocation of any notice of prepayment. The Administrative Agent or the Canadian
Agent, as applicable, shall, promptly after receiving notice from the Lead Borrower hereunder, notify each applicable Lender of the principal amount and Type of the Loans held by such Lender which are to be prepaid, the prepayment date and the
manner of application of the prepayment. 
 (b) The Domestic Borrowers shall reimburse each Domestic Lender and
the Canadian Borrower shall reimburse each Canadian Lender as set forth below for any loss incurred or to be incurred by the Domestic Lenders or the Canadian Lenders, as applicable, in the reemployment of the funds (i) resulting from any
prepayment (for any reason whatsoever, including, without limitation, conversion to Prime Rate Loans or acceleration by virtue of, and after, the occurrence of an Event of Default) of any LIBO Loan or BA Equivalent Loan required or permitted under
this Agreement, if such Revolving Credit Loan is prepaid other than on the last day of the Interest Period for such Revolving Credit Loan or (ii) in the event that after the Lead Borrower or the Canadian Borrower, as applicable, delivers a
notice of borrowing under SECTION 2.04 in respect of LIBO Loans or BA Equivalent Loans, such Revolving Credit Loans are not made on the first day of the Interest Period specified in such notice of borrowing for any reason (including, without
limitation, revocation by a Borrower of a notice of Borrowing) other than a breach by such Lender of its obligations hereunder or the delivery of any notice pursuant to SECTION 2.09, SECTION 2.10 or SECTION 2.11, or (iii) in the event that
after a Borrower delivers a notice of commitment reduction under SECTION 2.15 or a notice of prepayment under this SECTION 2.16 in respect of LIBO Loans or BA Equivalent Loans, such commitment reductions or such prepayments are not made on the day
specified in such notice of reduction or prepayment. Such loss shall be the amount (herein, collectively, “Breakage Costs”) as reasonably determined by such Lender as the excess, if any, of (A) the amount of interest which
would have accrued to such Lender on the amount so paid, not prepaid or not borrowed at a rate of interest equal to the Adjusted LIBO Rate or BA Equivalent Rate, as applicable, for such Revolving Credit Loan (but specifically excluding any
Applicable Margin), for the period from the date of such payment or failure to borrow or failure to prepay to the last day (x) in the case of a payment or refinancing of a LIBO Loan or BA Equivalent Loan with Prime Rate Loans other than on the
last day of the Interest Period for such Revolving Credit Loan or the failure to prepay a LIBO Loan of BA Equivalent Loan, of the then current Interest Period for such Revolving Credit Loan or (y) in the case of such failure to borrow, of the
Interest Period for such LIBO Loan or BA Equivalent Loan which would have commenced on the date of such failure to borrow, over (B) in the case of a LIBO Loan, the amount of interest which would have accrued to such Lender on such amount by
placing such amount on deposit for a comparable period with leading banks in the London interbank market or, in the case of a BA Equivalent Loan, the amount of interest which would have accrued to such Lender on such amount by placing such amount on
deposit for a comparable period with The Toronto-Dominion Bank. Any Lender demanding reimbursement for such loss shall deliver to the Lead Borrower or the Canadian 

 

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Borrower, as applicable, from time to time one or more certificates setting forth the amount of such loss as determined by such Lender and setting forth in reasonable detail the manner in which
such amount was determined and such amounts shall be due within ten (10) Business Days after the receipt of such notice. 

(c) In the event the Domestic Borrowers or the Canadian Borrower, as applicable, fail to prepay any Revolving Credit Loan
on the date specified in any prepayment notice delivered pursuant to SECTION 2.16(a) (whether or not such prepayment notice is revoked), the Domestic Borrowers or the Canadian Borrower, as applicable, within ten (10) Business Days after the
receipt of the notice described below from any Lender, shall pay to the Administrative Agent or the Canadian Agent, as applicable, for the account of such Lender, any amounts required to compensate such Lender for any loss incurred by such Lender as
a result of such failure to prepay, including, without limitation, any loss, cost or expenses (other than loss of profits) incurred by reason of the acquisition of deposits or other funds by such Lender to fulfill deposit obligations incurred in
anticipation of such prepayment. Any Lender demanding such payment shall deliver to the Lead Borrower or the Canadian Borrower, as applicable, from time to time one or more certificates setting forth the amount of such loss as determined by such
Lender and setting forth in reasonable detail the manner in which such amount was determined and such amounts shall be due within ten (10) Business Days after the receipt of such notice. 

(d) Whenever any partial prepayment of Revolving Credit Loans is to be applied to LIBO Loans or BA Equivalent Loans, such
LIBO Loans or BA Equivalent Loans shall be prepaid in the chronological order of their Interest Payment Dates or as the Lead Borrower or the Canadian Borrower, as applicable, may otherwise designate in writing. 

SECTION 2.17 Mandatory Prepayment of Loans; Mandatory Reduction or Termination of Commitments; Cash Collateral. 

The outstanding Obligations shall be subject to prepayment as follows: 

(a) If, at any time, the amount of the Credit Extensions by the Domestic Lenders exceeds Domestic Availability, including,
without limitation, as a result of one or more fluctuations in the exchange rate of the CD$ against the dollar, the Domestic Borrowers will, immediately upon notice from the Administrative Agent: (i) prepay the Revolving Credit Loans in an
amount necessary to eliminate such excess; and (ii) if, after giving effect to the prepayment in full of all outstanding Revolving Credit Loans such excess has not been eliminated, Cash Collateralize the Domestic Letters of Credit Outstanding.

 (b) If, at any time, the amount of the Credit Extensions to the Canadian Borrower exceeds Canadian
Availability, in each case calculated in dollars at the Equivalent Amount, including, without limitation, as a result of one or more fluctuations in the exchange rate of the CD$ against the dollar, the Canadian Borrowers will immediately upon notice
from the Canadian Agent (or within five (5) Business Days after 
  

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notice from the Canadian Agent if such excess is solely the result of one or more fluctuations in the exchange rate of the CD$ against the dollar and the Canadian Loan Ceiling has not been
exceeded) (i) prepay the Revolving Credit Loans to the Canadian Borrower in an amount necessary to eliminate such excess, and (ii) if, after giving effect to the prepayment in full of all such outstanding Revolving Credit Loans such excess
has not been eliminated, Cash Collateralize the Canadian Letters of Credit Outstanding. 
 (c) The Revolving
Credit Loans shall be repaid daily in accordance with (and to the extent required under) the provisions of SECTION 2.18, to the extent then applicable. 

(d) Any Net Proceeds received from a Prepayment Event arising from Collateral included in the Tranche A Borrowing Base or
the Canadian Borrowing Base (other than from sales of Inventory in the ordinary course of business), whether or not a Cash Dominion Event then exists, shall be paid over to the Administrative Agent on receipt by the Loan Parties and shall be
utilized to prepay the Loans in the order of priority set forth in SECTION 7.03; provided that the provisions of this clause (d) shall not apply if a Cash Dominion Event does not exist or arise from such prepayment Event and the
Net Proceeds from such Prepayment Event are not in excess of $50,000,000. The Agents shall not be obligated to release their Liens on any Collateral included in such Prepayment Event until such Net Proceeds have been so received (to the extent
required in this clause (d)). The application of such Net Proceeds to the Loans shall not reduce the Commitments. If all Obligations or Canadian Liabilities, as applicable, and Other Liabilities then due, are paid, any excess Net Proceeds shall be
remitted to the operating account of the Domestic Borrowers or the Canadian Borrower maintained with the Administrative Agent or the Canadian Agent, respectively. 

(e) Except during the continuance of a Cash Dominion Event, and provided that the Determination Date shall not have
occurred, any Net Proceeds, Cash Receipts and other payments received by the Administrative Agent shall be applied as the Lead Borrower or the Canadian Borrower, as applicable, shall direct the Administrative Agent in writing. 

(f) Subject to the foregoing, outstanding Prime Rate Loans of the Domestic Borrowers shall be prepaid before outstanding
LIBO Loans of the Domestic Borrowers are prepaid and outstanding Prime Rate Loans of the Canadian Borrower shall be prepaid before outstanding BA Equivalent Loans or LIBO Loans of the Canadian Borrower are prepaid. No prepayment of LIBO Loans or BA
Equivalent Loans shall be permitted pursuant to this SECTION 2.17 other than on the last day of an Interest Period applicable thereto, unless the applicable Borrowers reimburse the Domestic Lenders or Canadian Lenders, as applicable, for all
Breakage Costs associated therewith within five (5) Business Days of receiving a written demand for such reimbursement which sets forth the calculation of such Breakage Costs in reasonable detail. In order to avoid such Breakage Costs, as long
as no Specified Default has occurred and is continuing, at the request of the Lead Borrower, the Administrative Agent or the Canadian Agent, as applicable, shall hold all amounts required to be applied to LIBO Loans or BA Equivalent Loans in the
Cash Collateral Account and will apply such funds to the applicable LIBO Loans and BA 
  

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Equivalent Loans at the end of the then pending Interest Period therefor (provided that the foregoing shall in no way limit or restrict the Agents’ or the Canadian Agent’s
rights upon the subsequent occurrence of an Event of Default). No partial prepayment of a Borrowing of LIBO Loans or BA Equivalent Loans shall result in the aggregate principal amount of the LIBO Loans or BA Equivalent Loans remaining outstanding
pursuant to such Borrowing being less than $10,000,000 or CD$5,000,000, as applicable. A prepayment of the Revolving Credit Loans pursuant to SECTION 2.16 or this SECTION 2.17 shall not permanently reduce the Commitments. 

(g) All amounts required to be applied to all Revolving Credit Loans hereunder (other than Swingline Loans) shall be
applied ratably in accordance with each Domestic Lender’s Domestic Commitment Percentage or each Canadian Lender’s Canadian Commitment Percentage, as applicable. All credits against the Obligations or the Canadian Liabilities shall be
conditioned upon final payment to the Administrative Agent or the Canadian Agent, as applicable, of the items giving rise to such credits. If any item credited to the Loan Account is dishonored or returned unpaid for any reason, whether or not such
return is rightful or timely, the Administrative Agent or the Canadian Agent, as applicable, shall have the right to reverse such credit and charge the amount of such item to the Loan Account and the Borrowers shall indemnify the Secured Parties
against all claims and losses resulting from such dishonor or return. 
 (h) Without in any way limiting the
provisions of SECTION 2.17(a) or SECTION 2.17(b), the Administrative Agent shall, monthly (or more frequently in the Administrative Agent’s reasonable discretion in the event of a material change in the foreign exchange rates), make the
necessary exchange rate calculations to determine whether any such excess described in such Sections exists on such date. 

(i) Upon the Termination Date, the Commitments of the Lenders and the credit facility provided hereunder shall be
terminated in full, and the Domestic Borrowers shall pay, in full and in cash, all outstanding Loans and all other outstanding Obligations and Other Liabilities then owing by them to the Lenders, and the Canadian Borrower shall pay in full and in
cash, all outstanding Loans to it and all other Canadian Liabilities owing by it to the Lenders. 
 (j) All
Obligations, Canadian Liabilities and Other Liabilities shall be payable to the Administrative Agent or the Canadian Agent, as applicable, in the currency in which they are denominated. 

(k) In the event of a direct conflict between the priority provisions of this SECTION 2.17 and other provisions contained
in any other Loan Document, it is the intention of the parties hereto that such priority provisions in such documents shall be read together and construed, to the fullest extent possible, to be in concert with each other. In the event of any actual,
irreconcilable conflict that cannot be resolved as aforesaid, the terms and provisions of this SECTION 2.17 shall control and govern. 
  

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 SECTION 2.18 Cash Management. 

(a) Immediately upon the occurrence of a Cash Dominion Event, the Loan Parties, upon the request of any Co-Collateral
Agent, shall deliver to the Co-Collateral Agents a schedule of all DDAs, that to the knowledge of the Responsible Officers of the Loan Parties, are maintained by the Loan Parties, which Schedule includes, with respect to each depository,
(i) the name and address of such depository, (ii) the account number(s) maintained with such depository, and (iii) a contact person at such depository. 

(b) Annexed hereto as Schedule 2.18(b) is a list describing all arrangements to which any Loan Party is a party
with respect to the payment to such Loan Party of the proceeds of all credit card charges for sales by such Loan Party. 

(c) Each Loan Party has or shall have: 

(i) delivered to the Administrative Agent and the Canadian Agent, as applicable, notifications (each, a “Credit
Card Notification”) substantially in the form attached hereto as Exhibit I which have been executed on behalf of such Loan Party and addressed to such Loan Party’s credit card clearinghouses and processors; and 

(ii) entered into a blocked account agreement (each, a “Blocked Account Agreement”) in form and substance
reasonably satisfactory to the Co-Collateral Agents or the Canadian Agent, as applicable, with any bank with which such Loan Party maintains deposit account(s) into which the DDA’s are swept (collectively, the “Blocked
Accounts”), which as of the Effective Date are listed on Schedule 2.18(c)(ii) attached hereto. 

(d) Each Credit Card Notification and Blocked Account Agreement shall require, during the continuance of a Cash Dominion
Event (and delivery of notice thereof from the Administrative Agent), the ACH or wire transfer on each Business Day (and whether or not there is then an outstanding balance in the Loan Account) of all available cash receipts (the “Cash
Receipts”) (other than amounts not to exceed $25,000,000 in the aggregate which may be deposited into a segregated DDA (not to be located in the Province of Quebec, Canada) which the Lead Borrower designates in writing to the Administrative
Agent as being the “uncontrolled cash account” (the “Designated Account”)) to the concentration account maintained by the Administrative Agent at Bank of America (the “Domestic Concentration Account”) or
maintained by the Canadian Agent (the “Canadian Concentration Account”), from: 
 (i) the sale
of Inventory and other Collateral; 
 (ii) all proceeds of collections of Accounts; 

(iii) all Net Proceeds on account of any Prepayment Event; 

(iv) each Blocked Account (including all cash deposited therein from each DDA (other than the Designated Account); and

  

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 (v) the cash proceeds of all credit card charges; 

provided that Cash Receipts of the Canadian Loan Parties shall be delivered only to a Blocked Account established by the
Canadian Borrower or as the Canadian Agent may otherwise direct. 
 (e) If, at any time during the continuance of
a Cash Dominion Event, any cash or cash equivalents owned by any Loan Party (other than (i) an amount of up to $25,000,000 that is on deposit in the Designated Account, which funds shall not be funded from, or when withdrawn from the Designated
Account, shall not be replenished by, funds constituting proceeds of Collateral so long as such Cash Dominion Event continues, (ii) de minimus cash or cash equivalents inadvertently misapplied by the Loan Parties and (iii) payroll, trust
and tax withholding accounts funded in the ordinary course of business and required by Applicable Law) are deposited to any account, or held or invested in any manner, otherwise than in a Blocked Account that is subject to a Blocked Account
Agreement (or a DDA which is swept daily to a Blocked Account), any Co-Collateral Agent (after consultation with the other Co-Collateral Agent) or the Canadian Agent may require the applicable Loan Party to close such account and have all funds
therein transferred to a Blocked Account, and all future deposits made to a Blocked Account which is subject to a Blocked Account Agreement. 

(f) The Loan Parties may close DDAs or Blocked Accounts and/or open new DDAs or Blocked Accounts, subject to the execution
and delivery to the Administrative Agent or the Canadian Agent, as applicable, of appropriate Blocked Account Agreements (unless expressly waived by the Co-Collateral Agents or the Canadian Agent) consistent with the provisions of this SECTION 2.18
and otherwise reasonably satisfactory to the Co-Collateral Agents and, if applicable, the Canadian Agent. The Loan Parties shall furnish the Co-Collateral Agents with prior written notice of their intention to open or close a Blocked Account and the
Co-Collateral Agents shall promptly notify the Lead Borrower as to whether the Co-Collateral Agents shall require a Blocked Account Agreement with the Person with whom such account will be maintained. Unless consented to in writing by the
Co-Collateral Agents and, if applicable, the Canadian Agent, the Loan Parties shall not enter into any agreements with credit card processors other than the ones expressly contemplated herein unless, contemporaneously therewith, a Credit Card
Notification, is executed and delivered to the Administrative Agent or the Canadian Agent, as applicable. 
 (g)
The Loan Parties may also maintain one or more disbursement accounts (the “Disbursement Accounts”) to be used by the Loan Parties for disbursements and payments (including payroll) in the ordinary course of business or as otherwise
permitted hereunder. 
 (h) The Domestic Concentration Account and the Canadian Concentration Account shall at
all times be under the sole dominion and control of the Administrative Agent or the Canadian Agent, as applicable. Each Loan Party hereby acknowledges and agrees that (i) such Loan Party has no right of withdrawal from such Concentration
Accounts, (ii) the funds on deposit in such Concentration Accounts shall at all times 
  

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continue to be collateral security for all of the Obligations and the Other Liabilities, provided that funds in the Canadian Concentration Account shall be applied only to the
Canadian Liabilities, and (iii) the funds on deposit in each such Concentration Account shall be applied as provided in this Agreement. In the event that, notwithstanding the provisions of this SECTION 2.18, any Loan Party receives or otherwise
has dominion and control of any such proceeds or collections, such proceeds and collections shall be held in trust by such Loan Party for the Administrative Agent or the Canadian Agent, as applicable, shall not be commingled with any of such Loan
Party’s other funds or deposited in any account of such Loan Party and shall promptly be deposited into the applicable Concentration Account or dealt with in such other fashion as such Loan Party may be instructed by the Co-Collateral Agents or
the Canadian Agent, as applicable. 
 (i) Any amounts received in the Domestic Concentration Account or the
Canadian Concentration Account at any time when all of the Obligations or the Canadian Liabilities, as applicable, and Other Liabilities then due have been and remain fully repaid shall be remitted to the operating account of the Domestic Borrowers
or the Canadian Borrower maintained with the Administrative Agent or the Canadian Agent, respectively. 
 (j) The
Administrative Agent or the Canadian Agent, as applicable, shall promptly (but in any event within one (1) Business Day) furnish written notice to each Person with whom a Blocked Account is maintained of any termination of a Cash Dominion
Event. 
 (k) The following shall apply to deposits and payments under and pursuant to this Agreement:

 (i) Funds shall be deemed to have been deposited to the applicable Concentration Account on the Business Day
on which deposited, provided that such deposit is available to the Administrative Agent or the Canadian Agent, as applicable, by 4:00 p.m. on that Business Day (except that, if the Obligations or Canadian Liabilities are being paid in
full, by 2:00 p.m. on that Business Day); 
 (ii) Funds paid to the Administrative Agent or the Canadian Agent,
as applicable, other than by deposit to the Concentration Account, shall be deemed to have been received on the Business Day when they are good and collected funds, provided that such payment is available to the Administrative Agent or
the Canadian Agent, as applicable, by 4:00 p.m. on that Business Day (except that, if the Obligations or Canadian Liabilities are being paid in full, by 2:00 p.m. on that Business Day); 

(iii) If a deposit to a Concentration Account or payment is not available to the Administrative Agent until after 4:00
p.m. (or, to the Canadian Agent, until after 2:00 p.m.) on a Business Day, such deposit or payment shall be deemed to have been made at 9:00 a.m. on the then next Business Day; 

(iv) If any item deposited to a Concentration Account and credited to the Loan Account is dishonored or returned unpaid
for any reason, whether or not such 
  

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return is rightful or timely, the Administrative Agent or the Canadian Agent, as applicable, shall have the right to reverse such credit and charge the amount of such item to the applicable Loan
Account and the applicable Loan Parties shall indemnify the Secured Parties against all out-of-pocket claims and losses resulting from such dishonor or return. 

SECTION 2.19 Fees. 

(a) The Borrowers agree to pay to the Agents the fees in the amounts and on the dates as set forth in any fee letters or
fee agreements with the Agents and to perform any other obligations contained therein. 
 (b) The Domestic
Borrowers shall pay the Administrative Agent, for the account of the Lenders having Domestic Commitments, an aggregate fee (the “Unused Fee”) equal to the percentages per annum set forth in the grid below (on the basis of actual
days elapsed in a year of 365 or 366 days, as applicable) of the average daily balance of the Unused Domestic Commitment, during the calendar quarter just ended (or relevant period with respect to the payment being made for the first calendar
quarter ending after the Effective Date or on the Termination Date): 
  

						
	 Level
	  	 Average Daily Balance of

Unused Domestic

Commitment
	  	Unused Fee	 
	I	  	Less than 33.33% of Domestic Total Commitments	  	0.375	% 
	II	  	Greater than or equal to 33.33% but less than 66.67% of Domestic Total Commitments	  	0.50	% 
	III	  	Greater than or equal to 66.67% of Domestic Total Commitments	  	0.625	% 

 The Unused Fee
shall be paid in arrears, on the tenth day of each October, January, April and July after the execution of this Agreement and on the Termination Date. The Administrative Agent shall pay the Unused Fee to the Lenders having Domestic Commitments upon
the Administrative Agent’s receipt of the Unused Fee based upon their pro rata share of an amount equal to the aggregate Unused Fee to all Lenders having Domestic Commitments. 

(c) The Canadian Borrower shall pay the Canadian Agent, for the account of the Lenders having Canadian Commitments, an
aggregate fee (the “Canadian Unused Fee”) equal to the percentages per annum set forth in the grid below (on the basis of actual days elapsed in a year of 365 or 366 days, as applicable) of the average daily balance of the Unused
Canadian Commitment, during the calendar quarter just ended (or relevant period with respect to the payment being made for the first calendar quarter ending after the Effective Date or on the Termination Date): 

 

						
	 Level
	  	 Average Daily Balance of

Unused Canadian

Commitment
	  	Canadian
Unused
Fee	 
	 I
	  	Less than 33.33% of Canadian Total Commitments	  	0.375	% 
	 II
	  	Greater than or equal to 33.33% but less than 66.67% of Canadian Total Commitments	  	0.50	% 
	 III
	  	Greater than or equal to 66.67% of Canadian Total Commitments	  	0.625	% 

  

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 The Canadian Unused Fee shall be paid in arrears, on the tenth day of each October, January,
April and July after the execution of this Agreement and on the Termination Date. The Canadian Agent shall pay the Canadian Unused Fee to the Lenders having Canadian Commitments upon the Canadian Agent’s receipt of the Canadian Unused Fee based
upon their pro rata share of an amount equal to the aggregate Canadian Unused Fee to all Lenders having Canadian Commitments. 

(d) The Domestic Borrowers shall pay the Administrative Agent and the Canadian Borrower shall pay to the Canadian Agent,
for the account of the Domestic Lenders or the Canadian Lenders, as applicable, on the first day of each September, December, March and June, in arrears, a fee calculated on the basis of a 365 or 366 day year, as applicable and actual days elapsed
(each, a “Letter of Credit Fee”), equal to the following per annum percentages of the average face amount of the following categories of Letters of Credit outstanding during the three month period then ended: 

(i) Standby Letters of Credit for the Domestic Borrowers: for the account of each Lender in accordance with its Domestic
Commitment Percentage, at a per annum rate equal to the then Applicable Margin for LIBO Loans; 
 (ii) Commercial
Letters of Credit for the Domestic Borrowers: for the account of each Lender in accordance with its Domestic Commitment Percentage, at a rate per annum equal to fifty percent (50%) of the then Applicable Margin for LIBO Loans; 

(iii) Standby Letters of Credit for the Canadian Borrower: for the account of each Lender in accordance with its Canadian
Commitment Percentage, at a per annum rate equal to the then Applicable Margin for BA Equivalent Loans; 
 (iv)
Commercial Letters of Credit for the Canadian Borrower: for the account of each Lender in accordance with its Canadian Commitment Percentage, at a per annum rate equal to fifty percent (50%) of the then Applicable Margin for BA Equivalent
Loans; and 
  

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 (v) After the occurrence and during the continuance of an Enumerated Default
and acceleration of the Obligations or the Canadian Liabilities, as applicable, if the Domestic Letter of Credit Outstandings or of the Canadian Letter of Credit Outstandings, as applicable, as of such date, plus accrued and unpaid interest
thereon, have not been Cash Collateralized, effective upon written notice from the Administrative Agent or the Canadian Agent, as applicable, the Letter of Credit Fee shall be increased, at the option of the Administrative Agent or the Canadian
Agent, as applicable, by an amount equal to two percent (2%) per annum. 
 (e) The Domestic Borrowers or the
Canadian Borrower, as applicable, shall pay to the applicable Issuing Bank, in addition to all Letter of Credit Fees otherwise provided for hereunder, the reasonable and customary fees and charges of such Issuing Bank in connection with the
issuance, negotiation, settlement, amendment and processing of each Letter of Credit issued by such Issuing Bank. 

(f) Notwithstanding anything to the contrary herein contained, the Borrowers shall not be obligated to pay any Unused Fees
or Canadian Unused Fees to or the for the account of any Lender to the extent and during the period such Lender is a Delinquent Lender. 

(g) All fees shall be paid on the dates due, in immediately available funds, to the Administrative Agent or the Canadian
Agent, as applicable, for the respective accounts of the Administrative Agent or the Canadian Agent, as applicable, and other Credit Parties as provided herein. Once due, all fees shall be fully earned and shall not be refundable under any
circumstances. For greater certainty, the Canadian Borrower shall not be liable for any fees which form part of the Obligations unless they are Canadian Liabilities (including as provided in SECTION 2.19(a), SECTION 2.19(c)or SECTION 9.03).

 SECTION 2.20 Maintenance of Loan Account; Statements of Account. 

(a) The Administrative Agent or the Canadian Agent, as applicable, shall maintain an account on its books in the name of
the Domestic Borrowers and the Canadian Borrower (each, the “Loan Account”) which will reflect (i) all Loans and other advances made by the Lenders to such Borrowers or for such Borrowers’ account, (ii) all Letter of
Credit Disbursements, fees and interest that have become payable as herein set forth, and (iii) any and all other monetary Obligations or Canadian Liabilities, as applicable, that have become payable. 

(b) The Loan Account will be credited with all amounts received by the Administrative Agent or by the Canadian Agent from
the applicable Borrower or from others for the Borrowers’ account, including all amounts received in the Concentration Account from the Blocked Account Banks, and the amounts so credited shall be applied as set forth in and to the extent
required by SECTION 2.17(e) or SECTION 7.03, as 
  

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applicable. After the end of each month, the Administrative Agent or the Canadian Agent, as applicable, shall send to the Domestic Borrowers and the Canadian Borrower, as applicable, a statement
accounting for the charges (including interest), loans, advances and other transactions occurring among and between the Administrative Agent, or the Canadian Agent, as applicable, the Lenders and the applicable Borrowers during that month. The
monthly statements shall, absent manifest error, shall be deemed presumptively correct. 
 SECTION 2.21 Payments; Sharing of
Setoff. 
 (a) The Borrowers shall make each payment required to be made hereunder or under any other Loan
Document (whether of principal, interest, fees or reimbursement of drawings under Letters of Credit, of amounts payable under SECTIONS 2.14, 2.16(b) or 2.23, or otherwise) prior to 2:00 p.m. on the date when due, in immediately available funds,
without setoff or counterclaim, in the same currency in which the Credit Extension was made. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding
Business Day for purposes of calculating interest thereon. All such payments shall be made, as applicable, to the Administrative Agent at its offices at 100 Federal Street, Boston, Massachusetts, or to the Canadian Agent at its offices at 200 Front
Street West, Toronto, Ontario, Canada, M5V 3L2, except payments to be made directly to an Issuing Bank or Swingline Lender as expressly provided herein and payments pursuant to SECTIONS 2.14, 2.16(b), 2.23 and 9.03 shall be made directly to the
Persons entitled thereto and payments pursuant to other Loan Documents shall be made to the Persons specified therein. The Administrative Agent or the Canadian Agent, as applicable, shall distribute any such payments to the appropriate recipient
promptly following receipt thereof. If any payment under any Loan Document shall be due on a day that is not a Business Day, except with respect to LIBO Borrowings or BA Equivalent Loan Borrowings, the date for payment shall be extended to the next
succeeding Business Day, and, if any payment due with respect to LIBO Borrowings or BA Equivalent Loan Borrowings shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, unless
that succeeding Business Day is in the next calendar month, in which event, the date of such payment shall be on the last Business Day of subject calendar month, and, in the case of any payment accruing interest, interest thereon shall be payable
for the period of such extension. All payments in respect of any Loan or Letter of Credit shall be repaid in the currency in which such Loan or Letter of Credit was originally disbursed or issued. 

(b) All funds received by and available to the Administrative Agent to pay principal, unreimbursed drawings under Letters
of Credit, interest and fees then due hereunder, shall be applied in accordance with the provisions of SECTION 2.17 or SECTION 7.03 ratably among the parties entitled thereto in accordance with the amounts of principal, unreimbursed drawings under
Letters of Credit, interest, and fees then due to such respective parties. For purposes of calculating interest due to a Lender, that Lender shall be entitled to receive interest on the actual amount contributed by that Lender towards the principal
balance of the Revolving Credit Loans outstanding during the applicable period covered by the interest payment made by the Borrowers. Any net 

 

 103 

 
principal reductions to the Revolving Credit Loans received by the Administrative Agent or the Canadian Agent in accordance with the Loan Documents during such period shall not reduce such actual
amount so contributed, for purposes of calculation of interest due to that Lender, until the Administrative Agent or the Canadian Agent, as applicable, has distributed to the applicable Lender its Commitment Percentage thereof. 

(c) Unless the Administrative Agent or the Canadian Agent, as applicable, shall have received notice from the Lead
Borrower prior to the date on which any payment is due to the Administrative Agent or the Canadian Agent, as applicable, for the account of the Domestic Lenders or the Canadian Lenders or the Issuing Banks hereunder that the Borrowers will not make
such payment, the Administrative Agent or the Canadian Agent as applicable, may assume that the Borrowers have made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Domestic Lenders or the
Canadian Lenders, as applicable, or the Issuing Banks, as the case may be, the amount due. In such event, if the Borrowers have not in fact made such payment, then each of the Lenders or the Issuing Banks, as the case may be, severally agrees to
repay to the Administrative Agent or the Canadian Agent, as applicable, forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to
but excluding the date of payment to the Administrative Agent, at the Federal Funds Effective Rate in the case of amounts to be paid by the Domestic Lenders and at the Canadian Prime Rate in the case of payments to be made by the Canadian Lenders.

 SECTION 2.22 Settlement Amongst Lenders 

(a) The Swingline Lender may, at any time (but, in any event shall weekly, as provided in SECTION 2.22(b)), on behalf of
the Domestic Borrowers or the Canadian Borrower, as applicable (which hereby authorize the Swingline Lender to act on their behalf in that regard) request the Administrative Agent or the Canadian Agent, as applicable, to cause the Domestic Lenders
and the Canadian Lenders, as applicable, to make a Revolving Credit Loan (which shall be a Prime Rate Loan) in an amount equal to such Lender’s Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, of the outstanding
amount of Swingline Loans made in accordance with SECTION 2.06, which request may be made regardless of whether the conditions set forth in ARTICLE IV have been satisfied. Upon such request, each Domestic Lender or Canadian Lender, as applicable,
shall make available to the Administrative Agent or the Canadian Agent, as applicable, the proceeds of such Revolving Credit Loan for the account of the Swingline Lender. If the Swingline Lender requires a Revolving Credit Loan to be made by the
Domestic Lenders or the Canadian Lenders and the request therefor is received prior to 12:00 Noon (or 11:00 a.m. with respect to the Canadian Lenders) on a Business Day, such transfers shall be made in immediately available funds no later than 3:00
p.m. that day; and, if the request therefor is received after 12:00 Noon (or 11:00 a.m. with respect to the Canadian Lenders), then no later than 3:00 p.m. on the next Business Day. The obligation of each such Lender to transfer such funds is
irrevocable, unconditional and without recourse to, or warranty by, the Administrative Agent, the Canadian Agent, or the Swingline Lender. If and to the extent any Domestic 

 

 104 

 
Lender or Canadian Lender, as applicable, shall not have so made its transfer to the Administrative Agent or the Canadian Agent, such Domestic Lender or Canadian Lender agrees to pay to the
Administrative Agent or the Canadian Agent, as applicable, forthwith on demand, such amount, together with interest thereon, for each day from such date until the date such amount is paid to the Administrative Agent or the Canadian Agent, as
applicable, at the Federal Funds Effective Rate, in the case of amounts to be paid by the Domestic Lenders, and at the Canadian Prime Rate, in the case of payments to be made by the Canadian Lenders. 

(b) The amount of each Lender’s Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, of
outstanding Revolving Credit Loans (including outstanding Swingline Loans, except that settlements of Swingline Loans during the months of November and December of each year shall be required to be made by the Swingline Lender only with respect to
those Swingline Loans in excess of $25,000,000 in the aggregate (the “Excess Swingline Loans”)) shall be computed weekly (or more frequently in the Administrative Agent’s or the Canadian Agent’s, as applicable, discretion)
and shall be adjusted upward or downward based on all Revolving Credit Loans (including Swingline Loans, other than Excess Swingline Loans) and repayments of Revolving Credit Loans (including Swingline Loans, other than Excess Swingline Loans)
received by the Administrative Agent or Canadian Agent, as applicable, as of 3:00 p.m. on the first Business Day (such date, the “Settlement Date”) following the end of the period specified by the Administrative Agent or the
Canadian Agent, as applicable. 
 (c) The Administrative Agent or the Canadian Agent, as applicable, shall
deliver to each of the Domestic Lenders or Canadian Lenders, as applicable, promptly after a Settlement Date a summary statement of the amount of outstanding Revolving Credit Loans (including Swingline Loans, other than Excess Swingline Loans) for
the period and the amount of repayments received for the period. As reflected on the summary statement, (i) the Administrative Agent or the Canadian Agent, as applicable, shall transfer to each Domestic Lender and Canadian Lender its applicable
Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, of repayments, and (ii) each Domestic Lender and Canadian Lender, as applicable, shall transfer to the Administrative Agent or the Canadian Agent, as applicable
(as provided below), or the Administrative Agent or the Canadian Agent, as applicable, shall transfer to each Domestic Lender or Canadian Lender, as applicable, such amounts as are necessary to insure that, after giving effect to all such transfers,
the amount of Revolving Credit Loans made by each Domestic Lender and Canadian Lender with respect to Revolving Credit Loans to the Domestic Borrowers and the Canadian Borrowers, respectively (including Swingline Loans, other than Excess Swingline
Loans), shall be equal to such Lender’s Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, of Revolving Credit Loans (including Swingline Loans which are not Excess Swingline Loans) outstanding as of such
Settlement Date. If the summary statement requires transfers to be made to the Administrative Agent or the Canadian Agent, as applicable, by the Domestic Lenders or the Canadian Lenders and is received prior to 12:00 Noon (or 11:00 a.m. with respect
to the Canadian Lenders) on a Business Day, such transfers shall be made in immediately available funds no later than 3:00 p.m. that day; and, if received after 12:00 Noon (or 11:00 a.m. with respect to the Canadian

  

 105 

 
Lenders), then no later than 3:00 p.m. on the next Business Day. The obligation of each Domestic Lender and Canadian Lender to transfer such funds is irrevocable, unconditional and without
recourse to or warranty by the Administrative Agent. If and to the extent any Domestic Lender shall not have so made its transfer to the Administrative Agent or the Canadian Agent, as applicable, such Domestic Lender or Canadian Lender agrees to pay
to the Administrative Agent or the Canadian Agent, as applicable, forthwith on demand such amount, together with interest thereon, for each day from such date until the date such amount is paid to the Administrative Agent or the Canadian Agent, as
applicable, at the Federal Funds Effective Rate, in the case of amounts to be paid by the Domestic Lenders, and at the Canadian Prime Rate, in the case of payments to be made by the Canadian Lenders. 

SECTION 2.23 Taxes. 

(a) Any and all payments by or on account of any obligation of the Loan Parties hereunder or under any other Loan Document
shall be made free and clear of, and without deduction for, any Indemnified Taxes or Other Taxes; provided, however, that if a Loan Party shall be required to deduct, or an Agent or a Lender shall be required to remit, any Taxes from
such payments, then (i) in the case of any Indemnified Taxes or Other Taxes, the sum payable shall be increased as necessary so that, after making all required deductions or remittances for such Taxes (including deductions applicable to
additional sums payable under this SECTION 2.23), the applicable Credit Party receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Loan Party shall make such deductions and (iii) the Loan
Party shall pay the full amount deducted to the relevant Governmental Authority in accordance with Applicable Law. 

(b) In addition, the Loan Parties shall pay any Other Taxes to the relevant Governmental Authority in accordance with
Applicable Law. 
 (c) The Domestic Borrowers shall indemnify each Credit Party, and the Canadian Borrower shall
indemnify the Canadian Agent, each Canadian Lender and the Issuing Banks of any Letter of Credit on its behalf, within ten (10) days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by such Credit
Party on or with respect to any payment by or on account of any obligation of the Loan Parties hereunder or under any other Loan Document (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under
this SECTION 2.23) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto; provided that, if any Borrower reasonably believes that such Taxes were not correctly or legally asserted, each Lender
will use reasonable efforts to cooperate with such Borrower to obtain a refund of such taxes so long as such efforts would not, in the sole determination of such Lender result in any additional costs, expenses or risks or be otherwise
disadvantageous to it; provided further that the Borrowers shall not be required to compensate any Lender pursuant to this SECTION 2.23 for any amounts incurred in any fiscal year for which such Lender is claiming compensation if such
Lender does not furnish notice of such claim within six (6) months from the end of such fiscal year; provided further that, if the circumstances giving rise to 

 

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such claim have a retroactive effect, then the beginning of such six month period shall be extended to include such period of retroactive effect. A certificate as to the amount of such payment or
liability delivered to the Lead Borrower by a Credit Party, or by the Administrative Agent on its own behalf or on behalf of any other Credit Party, setting forth in reasonable detail the manner in which such amount was determined, shall be
conclusive absent manifest error. 
 (d) As soon as practicable after any payment of Indemnified Taxes or Other
Taxes by a Loan Party to a Governmental Authority, the Lead Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return
reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent or the Canadian Agent, as applicable. 

(e) Any Lender that is entitled to an exemption from, or reduction of, any applicable withholding Tax with respect to any
payments under any Loan Document shall deliver to the Lead Borrower and the Administrative Agent, at the time or times reasonably requested by the Lead Borrower or the Administrative Agent, such properly completed and executed documentation
reasonably requested by the Lead Borrower or the Administrative Agent as will permit such payments to be made without, or at a reduced rate of, withholding. Any Foreign Lender that is a Domestic Lender that is entitled to an exemption from, or
reduction in, withholding tax shall deliver to the Lead Borrower and the Administrative Agent two (2) copies of (i) either United States Internal Revenue Service Form W-8BEN, Form W-8ECI or Form W-8IMY (together with any applicable
underlying forms), or any subsequent versions thereof or successors thereto, or, (ii) in the case of a Foreign Lender claiming exemption from or reduction in U.S. federal withholding tax under Section 871(h) or 881(c) of the Code with
respect to payments of “portfolio interest”, (A) the applicable Form W-8BEN, or any subsequent versions thereof or successors thereto and (B) a certificate representing that such Foreign Lender (1) is not a bank for purposes
of Section 881(c) of the Code, (2) is not a 10 percent shareholder (within the meaning of Section 871(h)(3)(B) of the Code) of any Loan Party (other than the Canadian Borrower and its Subsidiaries), and (3) is not a controlled
foreign corporation related to the Loan Parties (other than the Canadian Borrower and its Subsidiaries) (within the meaning of Section 864(d)(4) of the Code)), in all cases, properly completed and duly executed by such Foreign Lender claiming,
as applicable, complete exemption from or reduced rate of, U.S. federal withholding tax on payments by the Loan Parties under this Agreement and the other Loan Documents, or in the case of a Foreign Lender claiming exemption for “portfolio
interest” certifying that it is not a foreign corporation, partnership, estate or trust. Such forms shall be delivered by each Foreign Lender on or before the date it becomes a party to this Agreement (or, in the case of a transferee that is a
participation holder, on or before the date such participation holder becomes a transferee hereunder) and on or before the date, if any, such Foreign Lender changes its applicable lending office by designating a different lending office (a
“New Lending Office”). In addition, each Foreign Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by such Foreign Lender. Notwithstanding any other provision of this
SECTION 2.23(e), a Lender shall not be required to deliver any form pursuant to this SECTION 2.23(e) that 
  

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such Lender is not legally able to deliver. If a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to
comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Lead Borrower and the Administrative Agent, at the time or times
prescribed by law and at such time or times reasonably requested by the Lead Borrower or the Administrative Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Lead Borrower or the Administrative Agent as may be necessary for the Lead Borrower or the Administrative Agent to comply with its obligations under FATCA, to determine that such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. For purposes of this Section 2.23(e), FATCA shall include any regulations or official interpretations thereof.

 (f) The Borrowers shall not be required to indemnify any Foreign Lender or to pay any additional amounts to
any Foreign Lender in respect of U.S. federal withholding tax pursuant to paragraph (a) or (c) above to the extent that the obligation to pay such additional amounts would not have arisen but for a failure by such Foreign Lender to comply
with the provisions of paragraph (e) above. Should a Lender become subject to Taxes because of its failure to deliver a form required hereunder, the Loan Parties shall, at such Lender’s expense, take such steps as such Lender shall
reasonably request to assist such Lender to recover such Taxes. 
 (g) If any Loan Party shall be required
pursuant to this SECTION 2.23 to pay any additional amount to, or to indemnify, any Credit Party to the extent that such Credit Party becomes subject to Taxes subsequent to the Effective Date (or, if applicable, subsequent to the date such Person
becomes a party to this Agreement) as a result of any change in the circumstances of such Credit Party (other than a change in Applicable Law), including, without limitation, a change in the residence, place of incorporation, principal place of
business of such Credit Party or a change in the branch or lending office of such Credit Party, as the case may be, such Credit Party shall use reasonable efforts to avoid or minimize any amounts which might otherwise be payable pursuant to this
SECTION 2.23(g); provided, however, that such efforts shall not include the taking of any actions by such Credit Party that would result in any tax, costs or other expense to such Credit Party (other than a tax, cost or other expense
for which such Credit Party shall have been reimbursed or indemnified by the Loan Parties pursuant to this Agreement or otherwise) or any action which would or might in the reasonable opinion of such Credit Party have an adverse effect upon its
business, operations or financial condition or otherwise be disadvantageous to such Credit Party. 
 (h) If any
Lender is entitled to a reduction in (and not complete exemption from) the applicable withholding tax, the Borrowers may withhold from any interest payment to such Lender an amount equivalent to the applicable withholding tax after taking into
account such reduction. 
  

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 (i) If any Credit Party reasonably determines that it has actually and
finally realized, by reason of a refund, deduction or credit of any Taxes paid or reimbursed by the Loan Parties pursuant to subsection (a) or (c) above in respect of payments under the Loan Documents, a current monetary benefit that it
would otherwise not have obtained and that would result in the total payments under this SECTION 2.23 exceeding the amount needed to make such Credit Party whole, such Credit Party shall pay to the Lead Borrower, with reasonable promptness following
the date upon which it actually realizes such benefit, an amount equal to the lesser of the amount of such benefit or the amount of such excess, in each case net of all out of pocket expenses incurred in securing such refund, deduction or credit.

 (j) Each Lender (other than a Person who becomes a lender to the Canadian Borrower as a result of the
provisions of SECTION 8.17) which has a Canadian Commitment hereby certifies that it is a Canadian Lender. Each Person that becomes a Lender to the Canadian Borrower hereafter (other than as a result of the provisions of SECTION 8.17 or otherwise
following the occurrence of a Determination Date) shall promptly deliver to the Canadian Borrower and the Canadian Agent a certificate confirming that such Person is a Canadian Lender or is otherwise exempt from withholding taxes. If any such Lender
(other than a Lender that becomes a Canadian Lender as a result of the provisions of SECTION 8.17) is not a Canadian Lender or otherwise is not exempt from the payment of withholding taxes on interest payments to it, prior to the Determination Date
only, such Lender shall not be entitled to payments hereunder with respect to taxes imposed under Part XIII of the Income Tax Act (Canada) and such interest payments will be net of any applicable withholding taxes required to be withheld and
remitted by the payor. 
 SECTION 2.24 Mitigation Obligations; Replacement of Lenders. 

(a) If any Lender requests compensation under SECTION 2.14 or cannot make Loans under SECTION 2.11, or if the Borrowers
are required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to SECTION 2.23, then such Lender shall use reasonable efforts to designate a different lending office for funding or
booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts
payable pursuant to SECTION 2.14 or SECTION 2.23, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense. The Borrowers (in the case of the Canadian Borrower, only in respect of any Canadian
Lender) hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment; provided, however, that the Borrowers shall not be liable for such costs and expenses of a
Lender requesting compensation if (i) such Lender becomes a party to this Agreement on a date after the Effective Date and (ii) the relevant Change in Law occurs on a date prior to the date such Lender becomes a party hereto. 

(b) If any Lender requests compensation under SECTION 2.14 or cannot make Loans under SECTION 2.11 for thirty
(30) consecutive days, or if any Borrower is 
  

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required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to SECTION 2.23, or if any Lender is a Delinquent Lender or otherwise
defaults in its obligation to fund Loans hereunder, then the Borrowers may, at their sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with
and subject to the restrictions contained in SECTION 9.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment);
provided, however, that (i) the Lead Borrower shall have received the prior written consent of the Administrative Agent, the Issuing Banks and the Swingline Lender (and the Canadian Agent only in the case of a Canadian Lender),
which consent shall not be unreasonably withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in unreimbursed drawings under Letters of Credit and Swingline Loans,
accrued interest thereon, accrued fees and all other amounts payable to it hereunder from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts) and (iii) in
the case of any such assignment resulting from a claim for compensation under SECTION 2.14 or payments required to be made pursuant to SECTION 2.23, such assignment will result in a reduction in such compensation or payments. A Lender shall not be
required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrowers to require such assignment and delegation cease to apply. 

SECTION 2.25 Designation of Lead Borrower as Domestic Borrowers’ Agent. 

(a) Each Domestic Borrower hereby irrevocably designates and appoints the Lead Borrower as such Borrower’s agent to
obtain Loans and Letters of Credit, the proceeds of which shall be available to each Domestic Borrower for such uses as are permitted under this Agreement. As the disclosed principal for its agent, each Domestic Borrower shall be obligated to the
Administrative Agent and each Domestic Lender on account of Loans so made and Letters of Credit so issued as if made directly by the Domestic Lenders to such Domestic Borrower, notwithstanding the manner by which such Loans and Letters of Credit are
recorded on the books and records of the Lead Borrower and of any other Domestic Borrower. 
 (b) Each Borrower
represents to the Credit Parties that it is an integral part of a consolidated enterprise, and that each Loan Party will receive direct and indirect benefits from the availability of the joint credit facility provided for herein, and from the
ability to access the collective credit resources of the consolidated enterprise which the Loan Parties comprise. Each Borrower recognizes that credit available to it hereunder is in excess of and on better terms than it otherwise could obtain on
and for its own account and that one of the reasons therefor is its joining in the credit facility contemplated herein with all other Borrowers. Consequently, each Borrower hereby assumes and agrees to discharge all Obligations, Other Liabilities
and Canadian Liabilities of each of the other Borrowers as if the Borrower which is so assuming and agreeing were each of the other Borrowers; provided that the Canadian Borrower and its Subsidiaries shall be liable only for the
Canadian Liabilities. 
  

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 (c) The Lead Borrower shall act as a conduit for each Domestic Borrower
(including itself, as a Domestic Borrower) on whose behalf the Lead Borrower has requested a Revolving Credit Loan. None of the Agents nor any other Credit Party shall have any obligation to see to the application of such proceeds. 

(d) The authority of the Lead Borrower to request Loans and Letters of Credit on behalf of, and to bind, the Domestic
Borrowers, shall continue unless and until the Administrative Agent actually receives written notice of: (i) the termination of such authority; and (ii) the subsequent appointment of a successor Lead Borrower, which notice is signed by the
respective Financial Officers of each Domestic Borrower; and (iii) written notice from such successive Lead Borrower accepting such appointment and acknowledging that from and after the date of such appointment, the newly appointed Lead
Borrower shall be bound by the terms hereof, and that as used herein, the term “Lead Borrower” shall mean and include the newly appointed Lead Borrower. 

SECTION 2.26 Security Interests in Collateral. 

To secure their Obligations under this Agreement and the other Loan Documents and the Other Liabilities, the Domestic Borrowers have
granted (or shall grant) to the Administrative Agent, for its own benefit and the benefit of the other Secured Parties, and the Canadian Borrower and each other Canadian Loan Party have granted (or shall grant) to the Canadian Agent, for its benefit
and the benefit of the other Secured Parties, a first-priority security interest in, and hypothec of (subject to Permitted Encumbrances having priority by operation of Applicable Law), all of the Collateral pursuant hereto and to the Security
Documents; provided that the Collateral granted by the Canadian Borrower and each other Canadian Loan Party shall secure only the Canadian Liabilities. 

ARTICLE III  

Representations and Warranties 

To induce the Credit Parties to make the Loans and to issue Letters of Credit on and after the Effective Date, the Loan Parties executing
this Agreement or a Joinder hereto, jointly and severally, make the following representations and warranties to each Credit Party with respect to each Loan Party: 

SECTION 3.01 Organization; Powers. 

Each Loan Party is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, has all
requisite power and authority to own its property and assets and to carry on its business as now conducted, except, in each case, where the failure to do so, or so possess, individually or in the aggregate would not reasonably be expected to result
in a Material Adverse Effect. Each Loan Party has all requisite organizational power and authority to execute and deliver and perform all its obligations under all Loan Documents to which such Loan Party is a party. Each Loan Party is qualified to
do business in, and is in good standing (where such concept exists) in, every jurisdiction in which the nature of its business or the ownership or leasing of its properties makes such qualification necessary, except where the

  

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failure to be so qualified or in good standing individually or in the aggregate would not reasonably be expected to result in a Material Adverse Effect. Schedule 3.01 annexed hereto sets
forth, as of the Effective Date, each Loan Party’s name as it appears in official filings in its state of incorporation or organization, its state of incorporation or organization, organization type, organization number, if any, issued by its
state of incorporation or organization, and its federal employer identification number. 
 SECTION 3.02 Authorization;
Enforceability. 
 The transactions contemplated hereby and by the other Loan Documents to be entered into by each Loan
Party are within such Loan Party’s corporate powers and have been duly authorized by all necessary corporate, membership, partnership or other necessary action. This Agreement has been duly executed and delivered by each Loan Party that is a
party hereto or thereto and constitutes, and each other Loan Document to which any Loan Party is a party, when executed and delivered by such Loan Party will constitute, a legal, valid and binding obligation of such Loan Party, enforceable in
accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law. 
 SECTION 3.03 Governmental Approvals; No Conflicts. 

The transactions to be entered into and contemplated by the Loan Documents (a) do not require any consent or approval of,
registration or filing with, or any other action by, any Governmental Authority, except for (A) such as have been obtained or made and are in full force and effect, (B) filings and recordings necessary to perfect Liens created under the
Loan Documents and enforce the rights of the Lenders and the Secured Parties under the Loan Documents or (C) the failure of which to obtain would not reasonably be expected to result in Material Adverse Effect, (b) will not violate any
Applicable Law or the Charter Documents of any Loan Party, except to the extent that such violation would not reasonably be expected to result in a Material Adverse Effect, (c) will not violate or result in a default under any indenture or any
other agreement, instrument or other evidence of Material Indebtedness, except to the extent that such default would not reasonably be expected to result in a Material Adverse Effect, and (d) will not result in the creation or imposition of any
Lien on any asset of any Loan Party, except Liens created under the Loan Documents. 
 SECTION 3.04 Financial Condition; No
Material Adverse Effect. 
 The Lead Borrower has heretofore furnished to the Administrative Agent the Consolidated balance
sheet, and statements of income, stockholders’ equity, and cash flows for the Parent and its Subsidiaries as of and for the Fiscal Year ending on or about January 30, 2010 and as of and for the Fiscal Quarter ending on or about May 1,
2010, certified by a Financial Officer of the Parent. Such financial statements present fairly, in all material respects, the financial position, results of operations and cash flows of the Parent and its Subsidiaries as of such dates and for such
periods in accordance with GAAP, subject to year-end audit adjustments and the absence of footnotes. Since the date of the latest such financial statements, there has been no Material Adverse Effect. 

 

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 SECTION 3.05 Properties. 

(a) Each Loan Party has title to, or valid leasehold interests in, all its real (immoveable) and personal (moveable)
property material to its business, except for defects which would not reasonably be expected to have a Material Adverse Effect. 

(b) Each Loan Party owns or is licensed to use, all patents, trademarks, trade names, trade styles, brand names, service
marks, logos, copyrights, and other intellectual property used in its business, except to the extent that the failure to so own or have the right to use would not reasonably be expected to have a Material Adverse Effect, and the use thereof by the
Loan Parties does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

(c) Schedule 3.05(c)(i) sets forth the address of all Real Estate that is owned by the Loan Parties as of the
Effective Date. Schedule 3.05(c)(ii) sets forth the address of all Real Estate that is leased by the Loan Parties as of the Effective Date (other than any Real Estate comprising temporary locations such as “pop-up” stores that are
not currently intended to be open for more than one year and are not currently included in the Borrower’s overall store count), together with a list of the lessor with respect to each such Lease. Except as would not reasonably be expected to
result in a Material Adverse Effect, to the knowledge of the Responsible Officers of the Loan Parties each of such Leases is in full force and effect and the Loan Parties are not in default of the terms thereof. 

SECTION 3.06 Litigation and Environmental Matters. 

(a) Except as set forth on Schedule 3.06(a), there are no actions, suits or proceedings by or before any arbitrator
or Governmental Authority pending against or, to the actual knowledge of Responsible Officers of a Loan Party, threatened in writing against or affecting any Loan Party (i) as to which there is a reasonable possibility of an adverse
determination which, if adversely determined, would reasonably be expected individually or in the aggregate to result in a Material Adverse Effect (other than Disclosed Matters) or (ii) that involve any of the Loan Documents and would
reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 
 (b) Except
as set forth on Schedule 3.06(b), no Loan Party (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has become
subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability, which, in each case, individually or in the aggregate,
would reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.07 Compliance with Laws and Agreements.

 Each Loan Party is in compliance with all Applicable Law and all Material Indebtedness (including, without limitation, the
Indentures), and no event of default has occurred and is 
  

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continuing thereunder, except in each case where the failure to comply or the existence of a default, individually or in the aggregate, would not reasonably be expected to result in a Material
Adverse Effect. Without limiting the generality of the foregoing, each Loan Party has obtained all permits, licenses and other authorizations which are required with respect to the ownership and operations of its business, except where the failure
to obtain such permits, licenses or other authorizations, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. Each Loan Party is in material compliance with all terms and conditions of all such
permits, licenses, orders and authorizations, except where the failure to comply with such terms or conditions, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

SECTION 3.08 Investment Company Status. 

No Loan Party is an “investment company” as defined in, and subject to regulation under, the Investment Company Act of 1940.

 SECTION 3.09 Taxes. 

Since the Effective Date, each Loan Party has timely filed or caused to be filed all tax returns and reports required to have been filed
and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate proceedings, for which such Loan Party has set aside on its books adequate reserves, and as to
which no Lien has arisen or (b) to the extent that the failure to do so would not reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.10 ERISA. 

Since the Effective Date, no ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such
ERISA Events for which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect. The present value of all accumulated benefit obligations under each Plan subject to ERISA (based on the
assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair market value of the assets of such Plan, and the
present value of all accumulated benefit obligations of all underfunded Plans subject to ERISA (based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent
financial statements reflecting such amounts, exceed the fair market value of the assets of all such underfunded Plans, in each case, to the extent that any resulting liabilities would reasonably be expect to result in a Material Adverse Effect. No
Plan in respect of employees of any Canadian Loan Party or any of their Related Parties is a pension plan or subject to any pension benefits legislation. No Canadian Loan Party has any Plan subject to registration or regulation under the Pension
Benefits Act (Ontario). 
 SECTION 3.11 Disclosure. 

None of the reports, financial statements, certificates or other information (other than any projections, pro formas, budgets and general
market information) concerning the Loan Parties furnished by or on at the direction of any Loan Party to any Credit Party in connection with the 

 

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negotiation of this Agreement or any other Loan Document or delivered hereunder or thereunder (as modified or supplemented by other information so furnished), when taken as a whole, contains, as
of the date furnished, any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading in light of the
circumstances under which such statements were made. 
 SECTION 3.12 Subsidiaries. 

(a) Schedule 3.12 sets forth the name of, and the ownership interest of each Loan Party in, each Subsidiary as of
the Effective Date; there is no other Capital Stock of any class outstanding as of the Effective Date. To the knowledge of the Responsible Officers of the Loan Parties, all such shares of Capital Stock are validly issued, fully paid, and, except as
set forth on Schedule 3.12, non-assessable. 
 (b) Except as set forth on Schedule 3.12, no Loan
Party is party to any joint venture, general or limited partnership, or limited liability company agreements as of the Effective Date. 

SECTION 3.13 Insurance. 

Schedule 3.13 sets forth a description of all business interruption, general liability, directors and officers liability,
comprehensive, and casualty insurance maintained by or on behalf of the Loan Parties as of the Effective Date. Each insurance policy listed on Schedule 3.13 is in full force and effect as of the Effective Date and all premiums in respect
thereof that are due and payable as of the Effective Date have been paid. 
 SECTION 3.14 Labor Matters. 

As of the Effective Date, there are no strikes, lockouts or slowdowns against any Loan Party pending or, to the actual knowledge of any
Responsible Officer of any Loan Party, threatened, except to the extent that strikes, lockouts or slowdowns would not reasonably be expected to result in a Material Adverse Affect. The hours worked by and payments made to employees of the Loan
Parties have not been in violation of the Fair Labor Standards Act or any other applicable federal, state, local or foreign law dealing with such matters to the extent that any such violation could reasonably be expected to have a Material Adverse
Effect. Except for Disclosed Matters and to the extent that such liability would not reasonably be expected to have a Material Adverse Effect, all payments due from any Loan Party, or for which any claim may be made against any Loan Party, on
account of wages and employee health and welfare insurance and other benefits, have been paid or accrued in accordance with GAAP as a liability on the books of such Loan Party. Except as set forth on Schedule 3.14, as of the Effective Date,
no Loan Party is a party to or bound by any material collective bargaining agreement, bonus, restricted stock, stock option, or stock appreciation plan or agreement or any similar plan, agreement or arrangement. As of the Effective Date, there are
no representation proceedings pending or, to the actual knowledge of any Responsible Officer of any Loan Party, threatened to be filed with the National Labor Relations Board or other applicable Governmental Authority, and no labor organization or
group of employees of any Loan Party has made a pending demand 
  

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for recognition. As of the Effective Date, the consummation of the transactions contemplated by the Loan Documents will not give rise to any right of termination or right of renegotiation on the
part of any union under any collective bargaining agreement to which any Loan Party is bound to the extent that such would be reasonably expected to result in a Material Adverse Effect. 

SECTION 3.15 Security Documents. 

The Security Documents create in favor of the Administrative Agent or the Canadian Agent, as applicable, for the benefit of the
Administrative Agent or the Canadian Agent, as applicable, and the other Secured Parties, a legal, valid and enforceable security or mortgage interests in the Collateral (subject to applicable bankruptcy, insolvency, reorganization, moratorium or
other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law), and the Security Documents constitute, or will upon the filing of financing
statements or other requisite registrations and/or the obtaining of “control”, in each case with respect to the relevant Collateral as required under the applicable Uniform Commercial Code or similar legislation of any jurisdiction,
including, without limitation, the PPSA and the Civil Code of Quebec, to the extent security interests in such Collateral can be perfected by such filings or control, the creation of a fully perfected and opposable first priority Lien on, and
security interest in, and hypothecation of, all right, title and interest of the Loan Parties thereunder in such Collateral (to the extent required under the Security Documents), in each case prior and superior in right to any other Person, except
for Permitted Encumbrances having priority by operation of Applicable Law. 
 SECTION 3.16 Federal Reserve Regulations.

 (a) No Loan Party is engaged principally, or as one of its important activities, in the business of extending
credit for the purpose of buying or carrying Margin Stock. 
 (b) No part of the proceeds of any Loan or any
Letter of Credit will be used, whether directly or indirectly, and whether immediately, incidentally or ultimately, (i) to buy or carry Margin Stock or to extend credit to others for the purpose of buying or carrying Margin Stock or to refund
indebtedness originally incurred for such purpose in violation of Regulation U or X or (ii) for any purpose that entails a violation of, or that is inconsistent with, the provisions of the Regulations of the Board, including Regulation U or
Regulation X. 
 SECTION 3.17 Solvency. 

The Loan Parties, on a Consolidated basis, are Solvent. No transfer of property is being made by any Loan Party and no obligation is
being incurred by any Loan Party in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of any Loan Party. 

 

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 ARTICLE IV  

Conditions 

SECTION 4.01 Effective Date. 

The effectiveness of this Agreement is subject to the following conditions precedent: 

(a) The Administrative Agent (or its counsel) shall have received from each party either (i) a counterpart of this
Agreement and all other Loan Documents signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy transmission of a signed signature page of this Agreement) that such party has
signed a counterpart of this Agreement and all other Loan Documents. 
 (b) The Administrative Agent shall have
received a written opinion (addressed to each Agent and the Lenders and dated the Effective Date) of Simpson Thacher & Bartlett LLP, counsel for the Loan Parties, and Borden Ladner Gervais LLP, counsel for the Canadian Borrower and its
Subsidiaries, covering such matters relating to the Loan Parties, the Loan Documents or the transactions contemplated thereby as the Administrative Agent shall reasonably request. The Loan Parties hereby request such counsel to deliver such
opinions. 
 (c) The Administrative Agent shall have received Charter Documents and such other documents and
certificates as the Administrative Agent or its counsel may reasonably request relating to the organization and existence of each Loan Party, the authorization of the transactions contemplated by the Loan Documents and any other legal matters
relating to the Loan Parties, the Loan Documents or the transactions contemplated thereby, all in form and substance reasonably satisfactory to the Administrative Agent and its counsel. 

(d) (i) The Administrative Agent shall have received a Borrowing Base Certificate dated the Effective Date, relating to
the month ended on June 30, 2010, and executed by a Financial Officer of the Lead Borrower (and certified by such Financial Officer as being complete and correct in all material respects) evidencing that Excess Availability as of June 30,
2010 is not less than $400,000,000 and (ii) Excess Availability as of the Effective Date shall not be less than $400,000,000. 

(e) The Administrative Agent shall have received a certificate, reasonably satisfactory in form and substance to the
Administrative Agent, certifying that, after giving effect to the consummation of the transactions contemplated under this Agreement and the other Loan Documents as of the Effective Date, no Default or Event of Default exists. 

(f) All necessary consents and approvals to the transactions contemplated hereby shall have been obtained and shall be
reasonably satisfactory to the Administrative Agent other than those which, individually or in the aggregate, would not, and would not reasonably be expected to, have a Material Adverse Effect. 

 

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 (g) No Material Adverse Effect shall have occurred since January 31,
2010. 
 (h) The Administrative Agent shall have received results of searches or other evidence reasonably
satisfactory to the Administrative Agent (in each case dated as of a date reasonably satisfactory to the Administrative Agent) indicating the absence of Liens on the assets of the Loan Parties, except for Permitted Encumbrances and Liens for which
termination statements and releases or subordination agreements are being tendered on the Effective Date. 
 (i)
The Administrative Agent shall have received, on or before the Effective Date, all documents and instruments, including Uniform Commercial Code and PPSA financing statements and certified statements issued by the Quebec Register of Personal and
Movable Real Rights, required by law or reasonably requested by the Co-Collateral Agents to be filed, registered, published or recorded to create or perfect the first priority Liens (subject only to Permitted Encumbrances having priority by
operation of Applicable Law) intended to be created under the Loan Documents and all such documents and instruments shall have been so filed, registered, published or recorded or other arrangements reasonably satisfactory to the Co-Collateral Agents
for such filing, registration, publication or recordation shall have been made. 
 (j) The Administrative Agent
shall have received, and be reasonably satisfied with, evidence of the Loan Parties’ insurance, together with such endorsements as are required by the Loan Documents. 

(k) All fees due at or immediately after the Effective Date, and all Credit Party Expenses incurred by in connection with
the establishment of the credit facility contemplated hereby (including the reasonable fees and expenses of counsel to the Agents), shall have been paid in full. 

(l) There shall have been delivered to the Administrative Agent each of the instruments, agreements, opinions,
certificates and other documents identified on the closing agenda attached hereto as Exhibit M. 
 Notwithstanding the foregoing, this
Agreement shall not become effective unless all of the foregoing conditions are satisfied (or waived as provided in SECTION 9.02) at or prior to 12:00 noon on August 31, 2010 (and, in the event such conditions are not so satisfied or waived,
this Agreement shall terminate at such time). 
 SECTION 4.02 Conditions Precedent to Each Loan and Each Letter of
Credit. 
 The obligation of the Lenders to make each Revolving Credit Loan and of the Issuing Banks to issue each Letter of
Credit after the Effective Date is also subject to the following conditions precedent: 
 (a) The Administrative
Agent shall have received a notice with respect to such Borrowing or issuance, as the case may be, as required by ARTICLE II, and in the case of the issuance of a Letter of Credit, the applicable Issuing Bank shall have received notice with respect
thereto in accordance with SECTION 2.13. 
  

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 (b) All representations and warranties contained in this Agreement and the
other Loan Documents or otherwise made in writing in connection herewith or therewith (including in any Borrowing Base Certificate) shall be true and correct in all material respects on and as of the date of each Borrowing or the issuance of each
Letter of Credit hereunder with the same effect as if made on and as of such date, other than representations and warranties that relate solely to an earlier date and other than representations and warranties which are qualified by
“materiality” or “Material Adverse Effect”, each of which shall be true and correct in all respects. 

(c) On the date of each Borrowing hereunder and the issuance of each Letter of Credit and after giving effect thereto, no
Default or Event of Default shall have occurred and be continuing. 
 The request by the Lead Borrower or the Canadian Borrower, as applicable,
for, and the acceptance by any Borrower of, each extension of credit hereunder shall be deemed to be a representation and warranty by the Loan Parties that the conditions specified in this SECTION 4.02 have been satisfied at that time and that,
after giving effect to such extension of credit, the Domestic Borrowers shall continue to be in compliance with the Tranche A Borrowing Base or the Canadian Borrowing Base. The conditions set forth in this SECTION 4.02 are for the sole benefit of
the Administrative Agent and the Canadian Agent and each other Credit Party and may be waived by the Administrative Agent or the Canadian Agent, in whole or in part, without prejudice to the rights of the Administrative Agent, the Canadian Agent or
any other Credit Party. 
 ARTICLE V  

Affirmative Covenants 

Until (i) the Commitments have expired or been terminated, (ii) the principal of and interest on each Loan and all fees and
other Obligations (other than contingent indemnity obligations with respect to then unasserted claims and the Other Liabilities) shall have been paid in full, (iii) all Letters of Credit shall have expired or terminated (or been Cash
Collateralized in a manner satisfactory to the applicable Issuing Banks) and (iv) all Letter of Credit Outstandings have been reduced to zero (or Cash Collateralized in a manner satisfactory to the applicable Issuing Banks), each Loan Party
covenants and agrees with the Credit Parties (provided that the Canadian Borrower covenants only for itself and its Subsidiaries) that: 

SECTION 5.01 Financial Statements and Other Information. 

The Lead Borrower will furnish to the Administrative Agent: 

(a) Within one hundred twenty (120) days after the end of each Fiscal Year of the Parent, (i) the Consolidated
balance sheet and related statements of operations, and Consolidated statements of cash flows as of the end of and for such year for the Parent and its Subsidiaries, setting forth in each case, in comparative form, the Consolidated figures for the
previous Fiscal Year and the figures as set forth in the projections delivered pursuant to SECTION 5.01(e), all audited and reported on by independent 

 

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public accountants of recognized national standing (without a “going concern” or like qualification or exception and without a qualification or exception as to the scope of such audit)
to the effect that such Consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Parent and its Subsidiaries on a Consolidated basis in accordance with GAAP, (ii) the
Consolidated balance sheet and related statements of operations, and Consolidated statements of cash flows as of the end of and for such year for the Parent and its Subsidiaries, setting forth in comparative form the Consolidated figures for the
previous Fiscal Year and the figures as set forth in the projections delivered pursuant to SECTION 5.01(e), and (iii) separate financial statements for each business segment identified on, and as required by, Schedule 5.01(a) hereto;
provided that if at any time the Lead Borrower and its Subsidiaries are required under the Term Loan to deliver to the lenders thereunder audited financial statements of the Lead Borrower and its Subsidiaries, then the Lead Borrower shall be
required to deliver such audited financial statements to the Administrative Agent hereunder; 
 (b) Within sixty
(60) days after the end of each Fiscal Quarter of the Lead Borrower, the unaudited Consolidated balance sheet and related statements of operations, and Consolidated statements of cash flows for (i) the Lead Borrower and its Subsidiaries,
(ii) the Lead Borrower and its Subsidiaries (other than the Canadian Borrower and its Subsidiaries), and (iii) the Canadian Borrower and its Subsidiaries, as of the end of and for such Fiscal Quarter and the elapsed portion of the Fiscal
Year, setting forth in each case, in comparative form the Consolidated figures for the previous Fiscal Year and the figures as set forth in the projections delivered pursuant to SECTION 5.01(e), all certified by one of the Lead Borrower’s
Financial Officers as presenting in all material respects the financial condition and results of operations of the Loan Parties and their Subsidiaries on a Consolidated basis in accordance with GAAP, subject to year-end audit adjustments and the
absence of footnotes, and, in addition, separate financial statements for each business segment identified on, and as required by, Schedule 5.01(a) hereto; 

(c) Within thirty (30) days after the end of each Fiscal Month of the Lead Borrower and its Subsidiaries, such
reports as are prepared by the Loan Parties’ management for their own use, including the Consolidated balance sheet and related statements of operations, and Consolidated statements of cash flows for (i) the Lead Borrower and its
Subsidiaries, (ii) the Lead Borrower and its Subsidiaries (other than the Canadian Borrower and its Subsidiaries), and (iii) the Canadian Borrower and its Subsidiaries, as of the end of and for such Fiscal Month and the elapsed portion of
the Fiscal Year, setting forth in each case, in comparative form the Consolidated figures for the previous Fiscal Year and the figures as set forth in the projections delivered pursuant to SECTION 5.01(e), all certified by one of the Lead
Borrower’s Financial Officers as presenting in all material respects the financial condition and results of operations of the Loan Parties and their Subsidiaries on a Consolidated basis in accordance with GAAP, subject to normal year-end audit
adjustments and the absence of footnotes, and, in addition, separate financial statements for each business segment identified on, and as required by, Schedule 5.01(a) hereto; 

 

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 (d) Concurrently with any delivery of financial statements under clauses
(a) or (b) above, a certificate of a Financial Officer of the Lead Borrower in the form of Exhibit J hereto (a “Compliance Certificate”) (i) certifying as to whether a Default or Event of Default has occurred
and, if a Default or Event of Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations with respect to the Monthly Excess
Availability for such period, (iii) without duplication of calculations described in clause (ii), setting forth reasonably detailed calculations with respect to compliance with the provisions of SECTION 6.10, to the extent then applicable,
(iv) detailing all Store openings and Store closings during the immediately preceding fiscal period, and (v) stating whether any change in GAAP or in the application thereof has occurred since the date of the Lead Borrower’s most
recent audited financial statements and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such Compliance Certificate; 

(e) Within ninety (90) days after the commencement of each Fiscal Year of the Loan Parties, a detailed, Consolidated
budget by month for the applicable Fiscal Year for the Lead Borrower and its Subsidiaries and including a projected Consolidated income statement, balance sheet, and statement of cash flow, by month, and promptly when available, any revisions to
such budget resulting from any Permitted Acquisition, Permitted Disposition or other transaction, the effect of which would reasonably be expected to change the projected Consolidated EBITDA of the Loan Parties in any Fiscal Year by 20% or more;

 (f) The Lead Borrower will furnish to the Administrative Agent a certificate in the form of Exhibit K
(a “Borrowing Base Certificate”) showing the Tranche A Borrowing Base and the Canadian Borrowing Base (reflected both in CD$ and the Equivalent Amount), each Borrowing Base Certificate to be certified as complete and correct in all
material respects on behalf of the Lead Borrower by a Financial Officer of the Lead Borrower, as follows: 

(i) On the
10th Business Day of each month, the Lead Borrower shall
furnish a Borrowing Base Certificate as of the close of business on the immediately preceding calendar month; 

(ii) Upon the occurrence and during the continuance of an Accelerated Borrowing Base Delivery Event, the Lead Borrower
shall furnish a Borrowing Base Certificate (which shall roll forward the Loan Parties’ Inventory, credit card receivables and Credit Extensions) on Wednesday of each week (or, if Wednesday is not a Business Day, on the next succeeding Business
Day), as of the close of business on the immediately preceding Saturday; 
 (iii) The Lead Borrower shall also
furnish a Borrowing Base Certificate within five (5) Business Days after December 15 and December 30 of each year (which shall roll forward the Loan Parties’ Inventory, credit card receivables and Credit Extensions), as of the
close of business on the immediately preceding Saturday; 
  

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 (iv) Upon the sale or other disposition of Collateral of any Loan Party
included in the Tranche A Borrowing Base or the Canadian Borrowing Base outside of the ordinary course of business, (A) if the Loan Parties are not in compliance with the provisions of SECTION 6.10 hereof either before or after giving effect to
such sale or disposition and the Net Proceeds therefrom are in excess of $25,000,000 or (B) if the Net Proceeds are in excess of $50,000,000, the Lead Borrower shall also furnish an updated Borrowing Base Certificate promptly upon the receipt
of the Net Proceeds from such Prepayment Event; and 
 (v) The Borrowers may, at their option, elect to furnish
the Administrative Agent with a Borrowing Base Certificate on a more frequent basis than is otherwise required pursuant to this SECTION 5.01(f); provided that, if the Borrowers elect to deliver a Borrowing Base Certificate on a more
frequent basis than is required by the other provisions of this SECTION 5.01(f), then the Lead Borrower shall continue to furnish a Borrowing Base Certificate on such basis from the date of such election through the remainder of the Fiscal Year in
which such election was made. 
 (g) Promptly after the same become publicly available, copies of (i) all
material periodic and other reports, proxy statements and other materials filed by any Loan Party with the SEC or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national securities exchange, as
the case may be, and (ii) SEC Forms 10K and 10Q for the Parent (for so long as the Parent is subject to the reporting requirements under the Securities Exchange Act of 1934, as amended); provided that no such delivery shall be
required hereunder with respect to each of the foregoing to the extent that such are publicly available via EDGAR or another publicly available reporting system and the Lead Borrower has advised the Administrative Agent of the filing thereof;

 (h) Promptly upon receipt thereof, copies of all material reports submitted to any Loan Party by independent
certified public accountants in connection with each annual, interim or special audit of the books of the Loan Parties or any of their Subsidiaries made by such accountants, including any management letter commenting on the Loan Parties’
internal controls submitted by such accountants to management in connection with their annual audit; 
 (i) The
financial and collateral reports described on Schedule 5.01(i) hereto, at the times set forth in such Schedule; 

(j) A detailed summary of the Net Proceeds received from any Prepayment Event resulting in Net Proceeds of $50,000,000 or
more (or in respect of which prior notice was given or required to be given under clause (k), below) within five (5) Business Days after receipt of such Net Proceeds (other than from sales of Inventory in the ordinary course of business);
provided that, prior to the occurrence and continuance of a Cash Dominion Event, such summary shall be required to be furnished only with respect to Prepayment Events arising from a Permitted Disposition of the type described in
clauses (b), (r), and (s) of such definition; 
  

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 (k) Notice of any intended sale or other disposition of Collateral of any
Loan Party included in the Tranche A Borrowing Base or the Canadian Borrowing Base outside of the ordinary course of business, (i) if a Cash Dominion Event then exists, (ii) if the Loan Parties are not in compliance with the provisions of
SECTION 6.10 hereof either before or after giving effect to such sale or disposition and the Net Proceeds therefrom are in excess of $25,000,000 or (iii) if the Net Proceeds of which exceeds $50,000,000, in each case at least five
(5) Business Days prior to the date of consummation such sale or disposition; and 
 (l) Promptly following
any request therefor, such other information regarding the operations, business affairs and financial condition of any Loan Party as any Agent or any Lender may reasonably request (other than information which is subject to an attorney-client
privilege or would result in a breach of a confidentiality obligation of the Loan Parties to any other Person). 
 At the request
of the Lead Borrower and with the consent of the Administrative Agent, not to be unreasonably withheld, any of the delivery requirements relating to written financial information set forth in this SECTION 5.01 may be satisfied by either (x) the
Borrowers’ posting such information in electronic format readable by the Administrative Agent and the Lenders to a secure address on the world wide web (the “Informational Website”) which is accessible by the Administrative
Agent and the Lenders or (y) the Borrowers’ delivering such financial information in electronic format to the Administrative Agent and the Administrative Agent’s posting such information to an Informational Website. The accommodation
provided by the foregoing sentence shall not impair the right of the Administrative Agent, or any Lender through the Administrative Agent, to request and receive from the Borrowers physical delivery of specific financial information provided for in
this SECTION 5.01. The Lead Borrower shall give the Administrative Agent and each Lender (or, if applicable, the Administrative Agent shall give each Lender) written or electronic notice each time any information is delivered by posting to the
Informational Website. The Loan Parties shall be responsible for and shall bear all risk associated with establishing and maintaining the security and confidentiality of the Informational Website and the information posted thereto. 

SECTION 5.02 Notices of Material Events. 

The Lead Borrower will furnish to the Administrative Agent prompt written notice of the occurrence of any of the following after any
Responsible Officer of the Lead Borrower or the Canadian Borrower obtains knowledge thereof: 
 (a) A Default or
Event of Default, specifying the nature and extent thereof and the action (if any) which is proposed to be taken with respect thereto; 

(b) The filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority
against or affecting any Loan Party or any Subsidiary of the Parent that would reasonably be expected to result in a Material Adverse Effect; 
  

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 (c) An ERISA Event that, alone or together with any other ERISA Events that
have occurred, would reasonably be expected to result in a Material Adverse Effect; 
 (d) Any other development
that results in a Material Adverse Effect; 
 (e) Any change in any Loan Party’s chief executive officer or
chief financial officer; 
 (f) The discharge by any Loan Party of its present independent accountants or any
withdrawal or resignation by such independent accountants; 
 (g) Any casualty or other insured damage to any
portion of the Collateral included in the Tranche A Borrowing Base or the Canadian Borrowing Base in excess of $50,000,000, or the commencement of any action or proceeding for the taking of any interest in a portion of the Collateral included in the
Tranche A Borrowing Base or the Canadian Borrowing Base in excess of $50,000,000 or any part thereof or interest therein under power of eminent domain or by condemnation or similar proceeding; and 

(h) The occurrence of a Master Lease Liquidation Event. 

Each notice delivered under this SECTION 5.02 shall be accompanied by a statement of a Financial Officer or other executive officer of the Lead Borrower
setting forth the details of the event or development requiring such notice and, if applicable, any action taken or proposed to be taken with respect thereto. 

SECTION 5.03 Information Regarding Collateral. 

The Lead Borrower will furnish to the Administrative Agent prompt written notice of any change in: (a) any Loan Party’s name;
(b) the location of any Loan Party’s chief executive office or its principal place of business; (c) any office in which a Canadian Loan Party maintains books or records relating to Collateral owned by it or any office or facility at
which Collateral owned by it is located (including the establishment of any such new office or facility), to the extent that a filing would be required to perfect the Lien of the Canadian Agent in the Collateral at such location; (d) any Loan
Party’s organizational structure or jurisdiction of incorporation or formation; or (e) any Loan Party’s Federal Taxpayer Identification Number or organizational identification number assigned to it by its state of organization. The
Loan Parties agree not to effect or permit any change referred to in the preceding sentence unless all filings, publications and registrations, have been made under the Uniform Commercial Code, PPSA or other Applicable Law that are required in order
for the Administrative Agent or the Canadian Agent, as applicable, to continue at all times following such change to have a valid, legal and perfected first priority security interest (subject only to Permitted Encumbrances having priority by
operation of Applicable Law) in all the Collateral for its own benefit and the benefit of the other Secured Parties. 
 SECTION
5.04 Existence; Conduct of Business. 
 Each Loan Party will do all things necessary to comply with its Charter Documents
in all material respects, and to preserve, renew and keep in full force and effect its legal existence and 
  

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the rights, licenses, permits, privileges, franchises, patents, copyrights, trademarks and trade names material to the conduct of its business, except to the extent that the failure to do so
would not reasonably be expected to have a Material Adverse Effect; provided, however, that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under SECTION 6.03. 

SECTION 5.05 Payment of Obligations. 

Each Loan Party will pay its Tax liabilities before the same shall become delinquent or in default, except where (a) the validity or
amount thereof is being contested in good faith by appropriate proceedings, (b) such Loan Party or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP, (c) such contest effectively
suspends collection of the contested obligation and enforcement of any Lien securing such obligation, or (d) the failure to make payment would not reasonably be expected to result in a Material Adverse Effect. The provisions of this paragraph
shall not limit or restrict the ability of the Co-Collateral Agents to establish any Reserve for any unpaid Tax liabilities. 

SECTION 5.06 Maintenance of Properties. 

Each Loan Party will keep and maintain all property material to the conduct of its business in good working order and condition (ordinary
wear and tear, casualty loss and condemnation excepted), except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect and except for Permitted Dispositions. 

SECTION 5.07 Insurance. 

(a) Each Loan Party shall: (i) maintain insurance with financially sound and reputable insurers (or, to the extent
consistent with business practices in effect on the Effective Date, a program of self-insurance) on such of its property and in at least such amounts and against at least such risks as is consistent with business practices in effect on the Effective
Date or as otherwise determined by the Responsible Officers of the Loan Parties acting reasonably in their business judgment, including public liability insurance against claims for personal injury or death occurring upon, in or about or in
connection with the use of any properties owned, occupied or controlled by it (including the insurance required pursuant to the Security Documents); (ii) maintain such other insurance as may be required by Applicable Law; and (iii) furnish
to the Administrative Agent, upon written request, full information as to the insurance carried. 
 (b) Fire and
extended coverage policies maintained with respect to any Collateral shall be endorsed or otherwise amended to include: (i) a lenders’ loss payable clause (regarding personal property), in form and substance reasonably satisfactory to the
Agents, which endorsements or amendments shall provide that the insurer shall pay all proceeds otherwise payable to the Loan Parties under the policies directly to the Administrative Agent or the Canadian Agent, as applicable; (ii) a provision
to the effect that none of the Loan Parties, Credit Parties (in their capacity as such) or any other Affiliate of a Loan Party shall be a co-insurer (the foregoing not being deemed to limit the amount of self-insured retention or deductibles under
such policies, which self-insured 
  

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retention or deductibles shall be consistent with business practices in effect on the Effective Date or as otherwise determined by the Responsible Officers of the Loan Parties acting reasonably
in their business judgment); and (iii) such other provisions as any Co-Collateral Agent (after consultation with the other Co-Collateral Agent) or the Canadian Agent may reasonably require from time to time to protect the interests of the
Credit Parties. Commercial general liability policies shall be endorsed to name the Administrative Agent or the Canadian Agent, as applicable, as an additional insured. Business interruption policies shall name the Administrative Agent or the
Canadian Agent, as applicable, as a loss payee and shall be endorsed or amended to include: (i) a provision that, during the continuance of a Cash Dominion Event, the insurer shall pay all proceeds otherwise payable to the Loan Parties under
the policies directly to the Administrative Agent or the Canadian Agent, as applicable; (ii) a provision to the effect that none of the Loan Parties, Credit Parties (in their capacity as such) or any other Affiliate of a Loan Party shall be a
co-insurer; and (iii) such other provisions to the endorsement as any Co-Collateral Agent (after consultation with the other Co-Collateral Agent) or the Canadian Agent may reasonably require from time to time to protect the interests of the
Credit Parties. Each such casualty or liability policy referred to in this SECTION 5.07(b) shall also provide that it shall not be canceled, modified in any manner that would cause this SECTION 5.07 to be violated, or not renewed (i) by reason
of nonpayment of premium, except upon not less than thirty (30) days’ prior written notice thereof by the insurer to the Administrative Agent or the Canadian Agent, as applicable (giving the Administrative Agent or the Canadian Agent, as
applicable, the right to cure defaults in the payment of premiums), or (ii) for any other reason, except upon not less than thirty (30) days’ prior written notice thereof by the insurer to the Administrative Agent or the Canadian
Agent, as applicable. The Lead Borrower shall deliver to the Administrative Agent, and the Canadian Borrower shall deliver to the Canadian Agent, prior to the cancellation, modification or non-renewal of any such policy of insurance, a copy of a
renewal or replacement policy (or other evidence of renewal of a policy previously delivered to the Administrative Agent or the Canadian Agent, as applicable, including an insurance binder) together with evidence satisfactory to the Administrative
Agent or the Canadian Agent, as applicable, of payment of the premium therefor. 
 (c) The Agents and the
Canadian Agent acknowledge that the insurance policies described on Schedule 3.13 are satisfactory to them as of the Effective Date and are in compliance with the provisions of this SECTION 5.07. 

SECTION 5.08 Books and Records; Inspection and Audit Rights; Appraisals; Accountants. 

(a) Each Loan Party will keep proper books of record and account in accordance with GAAP and in which full, true and
correct entries are made of all dealings and transactions in relation to its business and activities. Each Loan Party will permit any representatives designated by the Administrative Agent or any Co-Collateral Agent, upon reasonable prior notice, to
visit and inspect its properties, to discuss its affairs, finances and condition with its officers and independent accountants (so long as such Loan Party is afforded an opportunity to be present) and to examine and make extracts from its books and
records, all at such reasonable times and as often as reasonably requested. 
  

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 (b) Each Loan Party will from time to time upon the request of the
Administrative Agent or any Co-Collateral Agent, permit the Administrative Agent or any Co-Collateral Agent or professionals (including consultants, accountants, lawyers and appraisers) retained by the Co-Collateral Agents, on reasonable prior
notice and during normal business hours, to conduct appraisals and commercial finance examinations, including, without limitation, of (i) the Domestic Borrowers’ and the Canadian Borrower’s practices in the computation of the Tranche
A Borrowing Base and the Canadian Borrowing Base, and (ii) the assets included in the Tranche A Borrowing Base and the Canadian Borrowing Base and related financial information such as, but not limited to, sales, gross margins, payables,
accruals and reserves. Subject to the following, the Loan Parties shall pay the reasonable out-of-pocket fees and expenses of the Administrative Agent, the Co-Collateral Agents and such professionals with respect to such evaluations and appraisals:

 (i) The Co-Collateral Agents (acting in consultation with the Administrative Agent) may conduct one
(1) commercial finance examination in each calendar year for each of the Domestic Loan Parties and Canadian Loan Parties, as applicable, each at the Loan Parties’ expense; provided that, the Co-Collateral Agents (acting in
consultation with the Administrative Agent) may conduct (A) up to two (2) commercial finance examinations in a calendar year if Excess Availability falls below 40% of the Line Cap for twenty (20) consecutive calendar days at any time
in such calendar year and (B) subject to the Co-Collateral Agents’ rights set forth in the following sentence, up to three (3) commercial finance examinations in a calendar year if a Cash Dominion Event has occurred at any time in
such calendar year, in each case, for each of the Domestic Loan Parties and Canadian Loan Parties, as applicable, each at the Loan Parties’ expense. Notwithstanding anything to the contrary contained herein, after the occurrence and during the
continuance of any Specified Default, the Co-Collateral Agents (acting in consultation with the Administrative Agent) may cause such additional commercial finance examinations to be taken for each of the Domestic Loan Parties and Canadian Loan
Parties, as applicable, as the Co-Collateral Agents, in their reasonable discretion, determine are necessary or appropriate (each, at the expense of the Loan Parties). 

(ii) The Co-Collateral Agents (acting in consultation with the Administrative Agent) may undertake one (1) appraisal
in each calendar year of (A) the Domestic Loan Parties’ BRU Inventory, (B) the Domestic Loan Parties’ TRU Inventory, (C) the Canadian Loan Parties’ BRU Inventory, and (D) the Canadian Loan Parties’ TRU
Inventory, each at the Loan Parties’ expense; provided that, the Co-Collateral Agents (acting in consultation with the Administrative Agent) may undertake (A) up to two (2) appraisals in a calendar year for each category
of Inventory described in clauses (A) through (D) above if Excess Availability falls below 40% of the Line Cap for twenty (20) consecutive calendar days at any time in such calendar year and (B) subject to the Co-Collateral
Agents’ rights set forth in the following sentence, up to three (3) appraisals in a calendar year for each category of Inventory described in clauses (A) through (D) above 

 

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if a Cash Dominion Event has occurred at any time in such calendar year, in each case, each at the Loan Parties’ expense. Notwithstanding anything to the contrary contained herein, the
Co-Collateral Agents (acting in consultation with the Administrative Agent), after the occurrence and during the continuance of any Specified Default, may cause such additional Inventory appraisals to be undertaken as the Co-Collateral Agents, in
their reasonable discretion, determine are necessary or appropriate (each, at the expense of the Loan Parties). 

(iii) The Co-Collateral Agents (acting in consultation with the Administrative Agent) may undertake one appraisal of other
Collateral in each twelve calendar month period for each of the Domestic Loan Parties and Canadian Loan Parties, as applicable, each at the Loan Parties’ expense. Notwithstanding anything to the contrary contained herein, the Co-Collateral
Agents (acting in consultation with the Administrative Agent), after the occurrence and during the continuance of any Specified Default, may cause such additional appraisals of other Collateral to be undertaken for each of the Domestic Loan Parties
and Canadian Loan Parties, as applicable, as the Co-Collateral Agents, in their reasonable discretion, determine are necessary or appropriate (each, at the expense of the Loan Parties). 

(c) The Loan Parties shall at all times retain independent certified public accountants of national standing and shall
instruct such accountants to cooperate with, and be available to, the Administrative Agent and the Co-Collateral Agents or their representatives to discuss the annual audited statements, the Loan Parties’ financial performance, financial
condition, operating results, controls, and such other matters, within the scope of the retention of such accountants for such audited statements, as may be raised by the Administrative Agent or any Co-Collateral Agent; provided that a
representative of the Lead Borrower shall be given the opportunity to be present all such discussions. 
 SECTION 5.09
Physical Inventories. 
 The Loan Parties, at their own expense, shall cause not less than one (1) physical
inventory to be undertaken in each twelve (12) month period (or alternatively, periodic cycle counts) in conjunction with the preparation of their annual audited financial statements, conducted following such methodology as is consistent with
the methodology used in the immediately preceding inventory (or cycle count) or as otherwise may be reasonably satisfactory to the Co-Collateral Agents. Following the completion of such inventory, and in any event by the next date required for the
delivery of a Borrowing Base Certificate hereunder, the Borrowers shall post such results to the Loan Parties’ stock ledgers and general ledgers, as applicable. 

SECTION 5.10 Compliance with Laws. 

Each Loan Party will comply with all Applicable Laws and the orders of any Governmental Authority except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
  

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 SECTION 5.11 Use of Proceeds and Letters of Credit. 

The proceeds of Loans made hereunder and of Letters of Credit issued hereunder will be used only (a) to finance the acquisition of
assets of the Borrowers and their Subsidiaries, including the purchase of inventory, equipment, and other fixed assets, in each case in the ordinary course of business, (b) to finance Capital Expenditures of the Borrowers and their
Subsidiaries, (c) to finance Permitted Acquisitions, and (d) for general corporate purposes, including, the repayment of Indebtedness (including the Term Loan and the Permanent Financing Facility), the making of Restricted Payments, and
the making of Investments, all to the extent permitted in this Agreement. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the regulations of the Board, including
Regulations U and X. 
 SECTION 5.12 Additional Subsidiaries. 

(a) If any Domestic Loan Party shall form or acquire a Material Subsidiary after the Effective Date, the Lead Borrower
will notify the Administrative Agent thereof and if such Material Subsidiary is not a Foreign Subsidiary, the Lead Borrower will cause such Subsidiary to become a Loan Party hereunder and under each applicable Security Document in the manner
provided therein within ten (10) Business Days after such Subsidiary is formed or acquired and promptly take such actions to create and perfect Liens on such Subsidiary’s assets to secure the Obligations and the Other Liabilities as the
Administrative Agent or the Required Lenders shall request. 
 (b) If the Canadian Borrower or any of its
Subsidiaries shall form or acquire a Material Subsidiary after the Effective Date, the Canadian Borrower will notify the Administrative Agent thereof and (i) if such Material Subsidiary is organized under the laws of Canada or any province
thereof, the Canadian Borrower will cause such Subsidiary to become a Canadian Loan Party hereunder and under each applicable Canadian Security Document in the manner provided therein within ten (10) Business Days after such Subsidiary is
formed or acquired and promptly take such actions to create and perfect Liens on such Subsidiary’s assets to secure the Canadian Liabilities as the Canadian Agent or the Required Lenders shall reasonably request and (ii) if any shares of
Capital Stock or Indebtedness of such Subsidiary are owned by or on behalf of the Canadian Borrower or any of its Subsidiaries, the Canadian Borrower will cause such shares and promissory notes evidencing such Indebtedness to be pledged to secure
the Canadian Liabilities within three (3) Business Days after such Subsidiary is formed or acquired. 
 SECTION 5.13
Further Assurances. 
 (a) Each Loan Party will execute any and all further documents, financing
statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements and other documents), that may be required under any Applicable Law, or which any Agent, the Canadian Agent or the
Required Lenders may reasonably request, to effectuate the transactions contemplated by the Loan Documents or to grant, preserve, protect or perfect the Liens created or intended to be 

 

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created by the Security Documents or the validity or priority of any such Lien, all at the expense of the Loan Parties (to the extent required under this Agreement). The Loan Parties also agree
to provide to each Agent and the Canadian Agent, from time to time upon the reasonable request of the Administrative Agent, any Co-Collateral Agent or the Canadian Agent, as applicable, evidence reasonably satisfactory to the Administrative Agent,
Co-Collateral Agents or Canadian Agent, as applicable, as to the perfection and priority of the Liens created or intended to be created by the Security Documents. 

(b) Upon the request of any Co-Collateral Agent or the Canadian Agent, as applicable, each Loan Party shall use
commercially reasonable efforts to cause each of its customs brokers to deliver an agreement (including, without limitation, a Customs Broker Agreement) to the Administrative Agent or the Canadian Agent, as applicable, covering such matters and in
such form as the Co-Collateral Agents or the Canadian Agent, as applicable, may reasonably require. In the event Inventory is in the possession or control of a customs broker that has not delivered an agreement as required by the preceding sentence,
such Inventory shall not be considered Eligible In-Transit Inventory or Eligible Letter of Credit Inventory hereunder. 

SECTION 5.14 Retention of Financial Consultant. 

Upon the occurrence of a Specified Default, upon the request of any Co-Collateral Agent (after consultation with the other Co-Collateral
Agent), the Loan Parties (at their sole cost and expense) shall retain a business and financial consultant mutually acceptable to the Lead Borrower and the Co-Collateral Agents (a “Financial Consultant”) on such terms, including the
scope of work and term of engagement, as are reasonably acceptable to the Co-Collateral Agents. 
 ARTICLE VI  

Negative Covenants 

Until (i) the Commitments have expired or been terminated, (ii) the principal of and interest on each Loan and all fees and
other Obligations (other than contingent indemnity obligations with respect to then unasserted claims and the Other Liabilities) shall have been paid in full, (iii) all Letters of Credit shall have expired or terminated (or been Cash
Collateralized in a manner satisfactory to the applicable Issuing Banks) and (iv) all Letter of Credit Outstandings have been reduced to zero (or Cash Collateralized in a manner satisfactory to the Issuing Banks), each Loan Party covenants and
agrees with the Credit Parties (provided that the Canadian Borrower covenants only for itself and its Subsidiaries) that: 

SECTION 6.01 Indebtedness and Other Obligations. 

No Loan Party will create, incur, assume or permit to exist any Indebtedness, except Permitted Indebtedness. 

SECTION 6.02 Liens. 

No Loan Party will create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it,
except Permitted Encumbrances. 
  

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 SECTION 6.03 Fundamental Changes 

(a) No Loan Party will merge or amalgamate into or consolidate with any other Person, or permit any other Person to merge
or amalgamate into or consolidate with it, or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default or Event of Default shall have occurred and be continuing or would arise therefrom:
(i) any Subsidiary may liquidate, dissolve, consolidate, amalgamate or merge into a Loan Party in a transaction in which a Loan Party is the surviving corporation; (ii) any Subsidiary that is not a Loan Party may liquidate, dissolve,
consolidate, amalgamate or merge into any Subsidiary that is not a Loan Party; (iii) any Loan Party may amalgamate or merge with or into any other Loan Party, provided that no Domestic Loan Party shall merge or amalgamate with a
Canadian Loan Party, if after giving effect thereto, a breach of SECTION 6.10 would exist; and (iv) Permitted Acquisitions and transactions permitted pursuant to SECTION 6.05 may be consummated in the form of a merger, amalgamation, or
consolidation, as long as, in the event of a Permitted Acquisition, a Loan Party is the surviving Person, provided that any such merger involving a Person that is not a wholly owned Subsidiary immediately prior to such merger or
amalgamation shall not be permitted unless also permitted by SECTION 6.04. 
 (b) No Loan Party will engage, to
any material extent, in any business other than businesses of the type conducted by such Loan Party on the date of execution of this Agreement and businesses reasonably related thereto and those complementary or ancillary thereto. 

SECTION 6.04 Investments, Loans, Advances, Guarantees and Acquisitions. 

No Loan Party will make or permit to exist any Investment, except Permitted Investments. 

SECTION 6.05 Asset Sales. 

No Loan Party will sell, transfer, lease (as lessor) or otherwise voluntarily dispose of any asset, including any Capital Stock of
another Person, except sales of Inventory and the use of cash in the ordinary course of business, transactions permitted by SECTION 6.03 and Permitted Dispositions. 

SECTION 6.06 Restricted Payments; Certain Payments of Indebtedness. 

(a) No Loan Party will declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except
that: 
 (i) any Subsidiary of a Loan Party or the Canadian Borrower, as applicable, may declare and pay cash
dividends or make other distributions of property to a Loan Party; 
 (ii) as long as no Event of Default
specified in SECTION 7.01(c) has occurred (and not been waived) as a result of a material misrepresentation in any Borrowing Base Certificate and no Specified Default then exists or would arise therefrom, the Loan Parties may make Restricted
Payments as follows: (A) if the Payment Conditions are satisfied, (1) the Loan Parties may make dividends and 

 

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distributions to their respective direct or indirect parents or holders of the Loan Parties’ Capital Stock solely for the purpose of paying scheduled principal payments (including at
maturity) due and payable by such Person, (2) the Loan Parties may make Restricted Payments to the Parent solely for the purpose of paying taxes and operating expenses incurred in the ordinary course of business by a Subsidiary or Affiliate of
a Loan Party but only to the extent such Subsidiary or Affiliate has insufficient liquidity or insufficient cash flow to pay such taxes or operating expenses, and (3) the Loan Parties may make payments in respect of Guarantees by the Parent of
another Loan Party or any Subsidiary or Affiliate of the Parent that are due and payable by the Parent; provided that no Restricted Payments may be made under this clause (A) to, or for the account of, the Sponsors, Sponsor
Related Parties or any other stockholder of the Parent; and (B) the Loan Parties may make dividends and distributions to their respective direct or indirect parents or holders of Capital Stock if the Adjusted Payment Conditions are satisfied;

 (iii) as long as no Enumerated Default or breach of SECTION 6.10 then exists or would arise therefrom, the
Loan Parties may make Restricted Payments as follows: (A) the Loan Parties may make dividends and distributions to their respective direct or indirect parents or holders of the Loan Parties’ Capital Stock solely for the purpose of paying
scheduled interest payments (including at maturity) due and payable by such Person, and (B) the Loan Parties may make Restricted Payments to the Parent solely for the purpose of paying taxes and operating expenses incurred in the ordinary
course of business by the Parent; 
 (iv) (A) the Loan Parties may make Restricted Payments for the purpose of
making indemnity payments and reasonable expense reimbursements owing under the Advisory Agreement; and (B) to the extent permitted under SECTION 6.07, the Loan Parties may make Restricted Payments for the purpose of paying amounts (other than
amounts described in clause (A) hereof) owing under the Advisory Agreement, as long as no Event of Default specified in SECTION 7.01(c) has occurred as a result of a material misrepresentation in any Borrowing Base Certificate and no Specified
Default then exists or would arise therefrom; 
 (v) the Loan Parties may make Permitted Dispositions of the type
described, and subject to the limitations contained, in clauses (c), (e), (j), (p), and (t) of the definition thereof; 

(vi) the Loan Parties may make Restricted Payments from the Designated Account at the times and subject to the limitations
set forth in SECTION 6.12; 
 (vii) as long as no Event of Default specified in SECTION 7.01(c) has occurred as a
result of a material misrepresentation in any Borrowing Base Certificate and no Specified Default then exists or would arise therefrom, the Loan Parties may make Restricted Payments to the Parent consisting of promissory notes or other instruments
received by a Loan Party in connection with a Permitted Disposition described in clause (e)(i) of the definition thereof; and 
  

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 (viii) the Loan Parties may make Restricted Payments for the purpose of
prepaying or repaying the 2011 Notes and the 2013 Notes so long as Excess Availability is at least $250,000,000 (A) on a pro forma basis for the one month prior to the date of any such Restricted Payment and (B) on a projected and pro
forma basis for the six months following the date of such Restricted Payment. 
 (b) No Loan Party will make or
agree to pay or make any payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Indebtedness, or any payment or other distribution (whether in cash, securities or other
property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Indebtedness, except: 

(i) Payments in Capital Stock (as long as no Change in Control would result therefrom), payments of interest in-kind or
payments from proceeds of Subordinated Indebtedness of the Loan Parties; 
 (ii) as long as the provisions of
Exhibit L hereto (or other applicable subordination provisions) are, and the Pro Forma Availability Condition (except with respect to payments of interest) is, then satisfied, payments of principal and interest in respect of any Subordinated
Indebtedness; 
 (iii) as long as the Pro Forma Availability Condition is then satisfied (except with respect to
payments or prepayments of interest), (A) payments of principal and interest as and when due in respect of any Permitted Indebtedness (other than Indebtedness due to the Parent or any of its Affiliates (other than Indebtedness due to any of the
Loan Parties or their Subsidiaries) or Subordinated Indebtedness) and (B) as long as no Specified Default then exists or would arise therefrom, prepayments of Permitted Indebtedness (other than Indebtedness due to the Parent or any Affiliates
(other than Indebtedness due to any of the Loan Parties or their Subsidiaries) or Subordinated Indebtedness); 

(iv) as long as no Specified Default then exists or would arise therefrom, payments (including prepayments) on account of
Permitted Indebtedness due to the Parent or any Affiliate; 
 (v) prepayment in whole or in part of the Term Loan
or Permanent Financing Facility from any refinancing of the Term Loan or Permanent Financing Facility not prohibited hereunder; and 

(vi) refinancings of Indebtedness to the extent permitted under this Agreement. 

SECTION 6.07 Transactions with Affiliates. 

No Loan Party will sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or
assets from, or otherwise engage in any other transactions with, any of its Affiliates, except: 
 (a)
transactions in the ordinary course of business that are at prices and on terms and conditions, taken as a whole, not less favorable to such Loan Party than could be obtained on an arm’s-length basis from unrelated third parties; or 

 

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 (b) transactions between or among the Loan Parties not otherwise prohibited
hereunder; or 
 (c) payments due pursuant to the Advisory Agreement on account of Advisory Fees, consisting of:
(i) payments (but not prepayments) on account of annual advisory fees, provided that such advisory fees may not be paid if an Event of Default specified in SECTION 7.01(c) has occurred as a result of a material misrepresentation
in any Borrowing Base Certificate or a Specified Default exists or would arise therefrom, provided further that such advisory fees not paid shall accrue and be paid when the applicable Event of Default or Specified Default has been
cured or waived and no additional Specified Default has occurred and is continuing or would arise as a result of such payment; and (ii) transaction fees, provided that such transaction fees may not be paid if an Event of Default
specified in SECTION 7.01(c) has occurred as a result of a material misrepresentation in any Borrowing Base Certificate or a Specified Default exists or would arise therefrom, provided further that, notwithstanding the existence of a
breach of the provisions of SECTION 6.10 hereof, such transactions fees may be paid if, as a result of the transaction to which they relate, Excess Availability would be greater than existed prior to such transaction, and provided
further that such transaction fees not paid shall accrue and be paid when such Event of Default or Specified Default has been cured or waived and no additional Specified Default has occurred and is continuing or would arise as a result of
such payment; 
 (d) payments of indemnities and reasonable expense reimbursements under the Advisory Agreement;

 (e) as set forth on Schedule 6.07; 

(f) payment of reasonable compensation to officers and employees for services actually rendered to any such Loan Party or
any of its Subsidiaries; 
 (g) payment of director’s fees, expenses and indemnities; 

(h) stock option and compensation plans of the Loan Parties and their Subsidiaries; 

(i) employment contracts with officers and management of the Loan Parties and their Subsidiaries; 

(j) the repurchase of equity interests from officers, directors and employees to the extent specifically permitted under
this Agreement; 
 (k) advances and loans to officers and employees of the Loan Parties and their Subsidiaries to
the extent specifically permitted under this Agreement; 
 (l) Investments consisting of notes from officers,
directors and employees to purchase equity interests to the extent specifically permitted under this Agreement; 
  

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 (m) the payment and performance under any Master Lease to which the Lead
Borrower is a party; 
 (n) other transactions specifically permitted under this Agreement (including, without
limitation, sale/leaseback transactions, Permitted Dispositions, Restricted Payments, Permitted Investments and Indebtedness); 

(o) that certain Amended and Restated Tax Allocation Agreement, dated as of June 28, 2006, by and among the Parent
and certain of its Subsidiaries, including the capitalization, distribution or contribution of amounts payable or receivable thereunder and any amendments, modifications or replacements thereof which amendments, modifications or replacements would
not have a Material Adverse Effect; and 
 (p) that certain Allocation Agreement, dated as of January 29,
2006, among Toys “R” Us International, LLC, Geoffrey and the Parent and any amendments, modifications or replacements thereof which amendments, modifications or replacements would not have a Material Adverse Effect. 

SECTION 6.08 Restrictive Agreements. 

No Loan Party will directly or indirectly enter into, incur or permit to exist any agreement or other arrangement that prohibits,
restricts or imposes any condition upon: (a) the ability of such Loan Party to create, incur or permit to exist any Lien upon any of its property or assets in favor of the Administrative Agent or the Canadian Agent, as applicable; or
(b) the ability of any Subsidiary thereof to pay dividends or other distributions with respect to any shares of its Capital Stock to such Loan Party or to make or repay loans or advances to a Loan Party or to guarantee Indebtedness of the Loan
Parties; provided that (i) the foregoing shall not apply to restrictions and conditions imposed by Applicable Law, by any Loan Document, or under any documents relating to joint ventures of any Loan Party to the extent that such
joint ventures are not prohibited hereunder, (ii) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of assets or equity permitted hereunder by a Loan Party or a Subsidiary
pending such sale, provided such restrictions and conditions apply only to the assets of the Loan Party or Subsidiary that are to be sold and such sale is permitted hereunder, (iii) clause (a) of the foregoing shall not apply to
restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness, (iv) clause (a) of the
foregoing shall not apply to customary provisions in contracts or leases restricting the assignment or subleasing or sublicensing thereof, (v) the foregoing shall not apply to any agreement relating to Indebtedness under the Indentures, the
Term Loan, the Permanent Financing Facility, the CMBS Facilities, the Supplemental Real Estate Facilities (or any facilities replacing or refinancing such facilities), or Indebtedness of Foreign Subsidiaries (other than the Canadian Loan Parties)
permitted hereunder (solely to the extent such restrictions are limited to the such Foreign Subsidiaries, (vi) clause (a) of the foregoing shall not apply to licenses or contracts which, by the terms of such licenses and contracts,
prohibit the granting of Liens on the rights contained therein, and (vii) the foregoing shall not apply to any restrictions in existence prior to the time any such Person became a Subsidiary and not created in contemplation of any such
acquisition. 
  

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 SECTION 6.09 Amendment of Material Documents. 

No Loan Party will amend, modify or waive any of its rights under (a) its Charter Documents, (b) any Master Lease, (c) the
nature of the obligations under any guaranty of recourse obligations or any environmental indemnity agreement executed and delivered in connection with the CMBS Facilities or any Supplemental Real Estate Facility, (d) the Advisory Agreement, or
(e) any Material Indebtedness, in each case to the extent that such amendment, modification or waiver would reasonably likely have a Material Adverse Effect or would violate the provisions of the Intercreditor Agreement. 

SECTION 6.10 Availability. 

The Loan Parties shall maintain Excess Availability at all times of not less than $125,000,000 (of which no more than $50,000,000 may be
attributable to Canadian Excess Availability). 
 SECTION 6.11 Fiscal Year. 

No Loan Party will change its Fiscal Year except upon written notice to the Agents; provided that any such change (a) which
would affect the calculation of Consolidated Fixed Charge Coverage Ratio or the Consolidated Interest Coverage Ratio (and related definitions included therein), or (b) to another financial reporting convention must, in each case, be reasonably
acceptable to the Agents. 
 SECTION 6.12 Designated Account. 

After the occurrence and during the continuance of a Cash Dominion Event, the Loan Parties shall not use utilize the funds on deposit in
the Designated Account for any purposes other than (a) the payment of operating expenses incurred by the Loan Parties in the ordinary course of business (including payments of interest when due on account of the Term Loan or the Permanent
Financing Facility and any expenses incurred by the Parent attributable to the Loan Parties, such as taxes and Inventory acquisition costs), and (b) for such other purposes as the Loan Parties deem appropriate (including, without limitation,
the making of other Restricted Payments, whether or not the conditions of SECTION 6.06(a) have then been satisfied). 
 ARTICLE
VII  
 Events of Default 

SECTION 7.01 Events of Default. 

If any of the following events (“Events of Default”) shall occur: 

(a) Any Loan Party shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any Letter of
Credit Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; 
  

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 (b) Any Loan Party shall fail to pay any interest on any Loan or any fee or
any other amount (including, for avoidance of doubt, any amount referred to in SECTION 2.19(a) but excluding any amount referred to in SECTION 7.01(a) or any amount payable for Cash Management Services or Other Liabilities) payable under this
Agreement or any other Loan Document and such failure continues for five (5) Business Days; 
 (c) Any
representation or warranty made or deemed made by or on behalf of any Loan Party in, or in connection with, any Loan Document or any amendment or modification thereof or waiver thereunder (including, without limitation, in any Borrowing Base
Certificate or any certificate of a Financial Officer accompanying any financial statement) shall prove to have been incorrect in any material respect when made or deemed made; 

(d) Any Loan Party shall fail to observe or perform when due any covenant, condition or agreement contained (i) in
ARTICLE VI or (ii) SECTION 5.01(f) (after a one Business Day grace period), or (iii) in any of SECTION 2.18, SECTION 5.01(g), SECTION 5.02(a), SECTION 5.07, SECTION 5.08(b), or SECTION 5.11 (provided that, if (A) any
such Default described in this clause (iii) is of a type that can be cured within 5 Business Days and (B) such Default could not materially adversely impact the Lenders’ Liens on the Collateral, such default shall not constitute an
Event of Default for 5 Business Days after the occurrence of such Default so long as the Loan Parties are diligently pursuing the cure of such Default); 

(e) Any Loan Party shall fail to observe or perform when due any covenant, condition or agreement contained in any Loan
Document (other than those specified in SECTION 7.01(a), SECTION 7.01(b), SECTION 7.01(c), or SECTION 7.01(d)), and such failure shall continue unremedied for a period of thirty (30) days after notice thereof from the Administrative Agent to
the Lead Borrower; 
 (f) Any Loan Party shall fail to make any payment (whether of principal or interest and
regardless of amount) in respect of any Material Indebtedness when and as the same shall become due and payable (after giving effect to the expiration of any grace or cure period set forth therein) or any event or condition occurs that results in
any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any such Material Indebtedness or any trustee or agent on
its or their behalf to cause any such Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity, which default, event or condition is not being contested in good
faith; 
 (g) a Change in Control shall occur; 

(h) An involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation,
reorganization or other relief in respect of any Loan Party or its debts, or of a substantial part of its assets, under the Bankruptcy Code or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter
in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, 
  

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conservator or similar official for any Loan Party or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for sixty (60) days
or an order or decree approving or ordering any of the foregoing shall be entered; 
 (i) Any Loan Party shall
(i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under the Bankruptcy Code or any other federal, state, provincial or foreign bankruptcy, insolvency, receivership or similar law
now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in SECTION 7.01(h), (iii) apply for or consent to the appointment of a receiver,
trustee, custodian, sequestrator, conservator or similar official for any Loan Party or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding,
(v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 

(j) Except as permitted under SECTION 6.05, the determination of the Loan Parties, whether by vote of the Loan
Parties’ board of directors or otherwise to: suspend the operation of the Loan Parties’ business in the ordinary course, liquidate all or substantially all of the Loan Parties’ assets or Store locations, or employ an agent or other
third party to conduct any so-called store closing, store liquidation or “Going-Out-Of-Business” sales for all or substantially all of the Loan Parties’ Stores; 

(k) One or more final judgments for the payment of money in an aggregate amount in excess of (i) if Excess
Availability is then greater than $250,000,000, $100,000,000, or (ii) if Excess Availability is then less than $250,000,000, $50,000,000, (or in each case, such lesser amount as would reasonably be expected to result in a Material Adverse
Effect) in excess of insurance coverage (or indemnities from indemnitors reasonably satisfactory to the Agents) shall be rendered against any Loan Party or any combination of Loan Parties and the same shall remain undischarged for a period of
forty-five (45) days during which execution shall not be effectively stayed, satisfied or bonded or any action shall be legally taken by a judgment creditor to attach or levy upon any material assets of any Loan Party to enforce any such
judgment; 
 (l) An ERISA Event shall have occurred that, when taken together with all other ERISA Events that
have occurred, would reasonably be expected to result in a Material Adverse Effect and the same shall remain undischarged for a period of thirty (30) consecutive days during which period any action shall not be legally taken to attach or levy
upon any material assets of any Loan Party to enforce any such liability; 
 (m) Any challenge by or on behalf of
any Loan Party to the validity of any Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document’s terms or which seeks to void, avoid, limit, or otherwise adversely affect
any security interest created by or in any Loan Document or any payment made pursuant thereto; 
  

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 (n) Any challenge by or on behalf of any other Person to the validity of any
Loan Document or the applicability or enforceability of any Loan Document strictly in accordance with the subject Loan Document’s terms or which seeks to void, avoid, limit, or otherwise adversely affect any security interest created by or in
any Loan Document or any payment made pursuant thereto, in each case, as to which an order or judgment has been entered materially adverse to the Agents and the Lenders; 

(o) Any Lien purported to be created under any Security Document in Collateral consisting of Inventory, Accounts, Deposit
Accounts, and Eligible Real Estate and the proceeds thereof shall cease to be, or shall be asserted by any Loan Party not to be, a valid and perfected Lien on any such Collateral, with the priority required by the applicable Security Document except
as a result of the sale, release or other disposition of the applicable Collateral in a transaction permitted under the Loan Documents or the failure of the Agents or the Canadian Agent, through their acts or omissions and through no fault of the
Loan Parties, to maintain the perfection of their Liens in accordance with Applicable Law; 
 (p) The indictment
of any Loan Party, under any Applicable Law where the crime alleged would constitute a felony under Applicable Law and such indictment remains unquashed or such legal process remains undismissed for a period of 90 days or more, unless the
Administrative Agent, in its reasonable discretion, determines that the indictment is not material; or 
 (q) the
imposition of any stay or other order, the effect of which restrains the conduct by the Loan Parties, taken as a whole, of their business in the ordinary course in a manner that has resulted in, or could reasonably be expected to have, a Material
Adverse Effect; 
 then, and in every such event (other than an event with respect to any Loan Party described in SECTION 7.01(h) or SECTION
7.01(i)), and at any time thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the Lead Borrower, take any or all of the following actions, at the same or different
times: (i) terminate the Commitments, and thereupon the Commitments shall irrevocably terminate immediately; (ii) declare the Obligations owing by such Borrowers then outstanding to be due and payable in whole, and thereupon the principal
of the Loans and all other Obligations so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Loan Parties accrued hereunder, shall become due and payable immediately, without presentment,
demand, protest or other notice of any kind, all of which are hereby waived by the Loan Parties; or (iii) require the applicable Loan Parties to Cash Collateralize its respective Letter of Credit Outstandings to be held and applied in
accordance with SECTION 7.03. In case of any event with respect to any Loan Party described in SECTION 7.01(h) or SECTION 7.01(i), the Commitments shall automatically and irrevocably terminate and the principal of the Loans and other Obligations
owing by such Borrower then outstanding, together with accrued interest thereon and all fees and other obligations of the Loan Parties accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other
notice of any kind, all of which are hereby waived by the Loan Parties. 
  

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 Without limiting the foregoing, in every such event (other than an event with respect to any
Borrower described in SECTION 7.01(h) or SECTION 7.01(i)), and at any time thereafter during the continuance of such event, the Canadian Agent, at the request of the Required Lenders, shall, by notice to the Canadian Borrower, take either or both of
the following actions, at the same or different times: (i) terminate the Canadian Commitments, and thereupon the Canadian Commitments shall terminate immediately, and (ii) declare the Canadian Liabilities then outstanding to be due and
payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Canadian Liabilities so declared to be due and payable, together
with accrued interest thereon and all fees and other obligations of the Canadian Loan Parties accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby
waived by the Borrowers; and (iii) require the Canadian Borrower to Cash Collateralize the Letter of Credit Outstandings of the Canadian Borrower, and in case of any event with respect to any Canadian Loan Party described in SECTION 7.01(h) or
SECTION 7.01(i), the Canadian Commitments shall automatically terminate and the principal of the Canadian Liabilities then outstanding, together with accrued interest thereon and all fees and other obligations of the Canadian Loan Parties accrued
hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers. 

SECTION 7.02 Remedies on Default or Master Lease Liquidation Event. 

(a) In case any one or more of the Events of Default shall have occurred and be continuing, and whether or not the
maturity of the Obligations shall have been accelerated pursuant hereto, the Administrative Agent and the Co-Collateral Agents may (and at the direction of the Required Lenders, shall) proceed to protect and enforce their rights and remedies under
this Agreement or any of the other Loan Documents by suit in equity, action at law or other appropriate proceeding, whether for the specific performance of any covenant or agreement contained in this Agreement and the other Loan Documents or any
instrument pursuant to which the Obligations and Other Liabilities are evidenced, and, if such amount shall have become due, by declaration or otherwise, proceed to enforce the payment thereof or any other legal or equitable right of the Secured
Parties. No remedy herein is intended to be exclusive of any other remedy and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or
any other provision of law and the Administrative Agent and the Co-Collateral Agents may proceed to protect and enforce their rights and remedies under this Agreement or any of the other Canadian Security Documents by suit in equity, action at law
or other appropriate proceeding, whether for the specific performance of any covenant or agreement contained in this Agreement and the other Loan Documents or any instrument pursuant to which the Canadian Liabilities are evidenced, and, if such
amount shall have become due, by declaration or otherwise, proceed to enforce the payment thereof or any other legal or equitable right of the Canadian Agent or the Canadian Lenders to whom any Canadian Liabilities are owing. 

(b) In case any one or more of Master Lease Liquidation Events shall have occurred and be continuing, and whether or not
the maturity of the Obligations shall have 
  

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been accelerated pursuant hereto, the Administrative Agent and the Co-Collateral Agents may (and, at the direction of the Required Lenders, shall) proceed to Liquidate the Collateral at any
location which is the subject of such Master Lease Liquidation Event. Whether or not a Cash Dominion Event then exists, the proceeds of any such Liquidation shall be applied to the Obligations, the Other Liabilities or Canadian Liabilities, as
applicable, in accordance with the provisions of SECTION 7.03 hereof, but the occurrence of any such Master Lease Liquidation Event, in and of itself, shall not constitute a Default or Event of Default hereunder or result in the acceleration of the
Obligations or the termination of the Commitments. 
 SECTION 7.03 Application of Proceeds. 

(a) After the occurrence and during the continuance of (i) any Cash Dominion Event or (ii) any Event of Default
and acceleration of the Obligations, except as provided in SECTION 7.03(b), all proceeds realized from any Domestic Loan Party or on account of any Collateral owned by a Domestic Loan Party or, without limiting the foregoing, on account of any
Prepayment Event, any payments in respect of any Obligations or Other Liabilities and all proceeds of the Collateral, shall be applied in the following order: 

(i) FIRST, ratably to pay the Obligations in respect of any Credit Party Expenses, indemnities and other amounts then due
to the Agents until paid in full; 
 (ii) SECOND, ratably to pay any Credit Party Expenses and indemnities, and
to pay any fees then due to the Domestic Lenders, until paid in full; 
 (iii) THIRD, ratably to pay interest
accrued in respect of the Obligations (other than the Canadian Liabilities) until paid in full; 
 (iv) FOURTH,
to pay principal due in respect of the Swingline Loans to the Domestic Borrowers until paid in full; 
 (v)
FIFTH, ratably to pay principal due in respect of the Revolving Credit Loans to the Domestic Borrowers until paid in full; 

(vi) SIXTH, to the Administrative Agent, to be held by the Administrative Agent, for the ratable benefit of the Issuing
Banks and the Domestic Lenders to Cash Collateralize the then extant Stated Amount of Domestic Letters of Credit until paid in full; 

(vii) SEVENTH, subject to the provisions of SECTION 7.03(c), to the Canadian Agent to be held by the Canadian Agent, for
the ratable benefit of the Canadian Lenders as cash collateral to pay Credit Party Expenses, indemnities and other similar amounts then due in connection with Credit Extensions to the Canadian Borrower; 

(viii) EIGHTH, subject to the provisions of SECTION 7.03(c), to the Canadian Agent to be held by the Canadian Agent, for
the ratable benefit of the Canadian Lenders as cash collateral to pay interest, indemnities, and fees due and payable on the Credit Extensions to the Canadian Borrower; 
  

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 (ix) NINTH, subject to the provisions of SECTION 7.03(c), to the Canadian
Agent to be held by the Canadian Agent, for the ratable benefit of the Canadian Lenders as cash collateral to pay outstanding Swingline Loans of the Canadian Borrower; 

(x) TENTH, subject to the provisions of SECTION 7.03(c), to the Canadian Agent to be held by the Canadian Agent, for the
ratable benefit of the Canadian Lenders as cash collateral to pay principal outstanding under other outstanding Revolving Credit Loans to the Canadian Borrower; 

(xi) ELEVENTH, subject to the provisions of SECTION 7.03(c), to the Canadian Agent, to be held by the Canadian Agent, for
the ratable benefit of the Issuing Banks and the Canadian Lenders, to Cash Collateralize the then extant Stated Amount of Canadian Letters of Credit until paid in full; 

(xii) TWELFTH, to pay outstanding Obligations with respect to Cash Management Services furnished to any Loan Party;

 (xiii) THIRTEENTH, ratably to pay any other outstanding Obligations and Other Liabilities of the Domestic
Borrowers; 
 (xiv) FOURTEENTH, to pay all other outstanding Canadian Liabilities; and 

(xv) FIFTEENTH, to the Lead Borrower or such other Person entitled thereto under Applicable Law. 

(b) After the occurrence and during the continuance of (i) any Cash Dominion Event, or (ii) any Event of Default
and acceleration of the Canadian Liabilities, all payments in respect of any Canadian Liabilities or Other Liabilities of the Canadian Borrower and its Subsidiaries which are Loan Parties and all proceeds of the Collateral from the Canadian Borrower
and the other Canadian Loan Parties, shall be applied in the following order: 
 (i) FIRST, ratably to pay the
Obligations in respect of any Credit Party Expenses, indemnities and other amounts then due to the Canadian Agent until paid in full; 

(ii) SECOND, ratably to pay any Credit Party Expenses, indemnities and fees then due to the Canadian Lenders until paid in
full; 
 (iii) THIRD, ratably to pay interest accrued in respect of the Canadian Liabilities until paid in full;

 (iv) FOURTH, to pay principal due in respect of the Swingline Loans to the Canadian Borrower until paid in
full; 
 (v) FIFTH, ratably to pay principal due in respect of the Revolving Credit Loans to the Canadian
Borrower until paid in full; 
  

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 (vi) SIXTH, to the Canadian Agent, to be held by the Canadian Agent, for the
ratable benefit of the Issuing Banks and the Canadian Lenders, to Cash Collateralize the then extant Stated Amount of Canadian Letters of Credit until paid in full; 

(vii) SEVENTH, to pay outstanding Canadian Liabilities with respect to Cash Management Services furnished to the Canadian
Borrower and its Subsidiaries; 
 (viii) EIGHTH, ratably to pay any other Canadian Liabilities and Other
Liabilities of the Canadian Borrower; and 
 (ix) NINTH, to the Canadian Borrower or such other Person entitled
thereto under Applicable Law. 
 (c) Any amounts received by the Canadian Agent pursuant to clauses SEVENTH,
EIGHTH, NINTH, TENTH or ELEVENTH of SECTION 7.03(a) shall be held as cash collateral for the applicable Canadian Liabilities until the earlier of (i) the Substantial Liquidation of the Collateral granted by the Canadian Borrower and its
Subsidiaries to secure the Canadian Liabilities, or (ii) such date that the Agents shall otherwise determine. 
 ARTICLE
VIII  
 The Agents 

SECTION 8.01 Appointment and Administration by Administrative Agent. 

Each Lender and each Issuing Bank hereby irrevocably designates Bank of America as Administrative Agent under this Agreement and the
other Loan Documents. The general administration of the Loan Documents shall be by the Administrative Agent. The Lenders and each Issuing Bank each hereby (a) irrevocably authorizes the Administrative Agent (i) to enter into the Loan
Documents to which it is a party, and (ii) at its discretion, to take or refrain from taking such actions as agent on its behalf and to exercise or refrain from exercising such powers under the Loan Documents as are delegated by the terms
hereof or thereof, as appropriate, together with all powers reasonably incidental thereto, and (b) agrees and consents to all of the provisions of the Security Documents. All Collateral shall be held or administered by the Administrative Agent
(or its duly-appointed agent) for its own benefit and for the ratable benefit of the other Secured Parties. Any proceeds received by the Administrative Agent from the foreclosure, sale, lease or other disposition of any of the Collateral and any
other proceeds received pursuant to the terms of the Security Documents or the other Loan Documents shall be paid over to the Administrative Agent for application as provided in this Agreement and the other Loan Documents. The Administrative Agent
shall have no duties or responsibilities except as set forth in this Agreement and the other Loan Documents, nor shall it have any fiduciary relationship with any other Credit Party, and no implied covenants, responsibilities, duties, obligations,
or liabilities shall be read into the Loan Documents or otherwise exist against the Administrative Agent. 
  

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 SECTION 8.02 Appointment of Co-Collateral Agents. 

Each Lender and each Issuing Bank hereby irrevocably designates Bank of America and Wells Fargo Retail Finance, LLC (or any Affiliates
thereof succeeding to such position) as Co-Collateral Agents under this Agreement and the other Loan Documents. The Lenders and each Issuing Bank each hereby irrevocably authorizes the Co-Collateral Agents (a) to enter into the Loan Documents
to which they are parties, and (b) at their discretion, to take or refrain from taking such actions as agent on its behalf and to exercise or refrain from exercising such powers under the Loan Documents as are delegated by the terms hereof or
thereof, as appropriate, together with all powers reasonably incidental thereto. The Co-Collateral Agents shall have no duties or responsibilities except as set forth in this Agreement and the other Loan Documents, nor shall they have any fiduciary
relationship with any other Secured Party, and no implied covenants, responsibilities, duties, obligations, or liabilities shall be read into the Loan Documents or otherwise exist against the Co-Collateral Agents. Any actions permitted to be taken
by one or both of the Co-Collateral Agents under this Agreement and the other Loan Documents shall be taken by such Co-Collateral Agent or Co-Collateral Agents, as applicable, acting through Bank of America, as Co-Collateral Agent. The Co-Collateral
Agent shall notify Bank of America, as Co-Collateral Agent, in writing of any such action which any other Co-Collateral Agent desires to be undertaken in such capacity and the Bank of America, as Collateral Agent shall thereupon undertake such
action on behalf of all Co-Collateral Agents, subject, in each case, to the other provisions and limitations of this Agreement and the other Loan Documents. 

SECTION 8.03 Appointment of Canadian Agent. 

(a) Each Lender, the Issuing Banks and each Secured Party that is owed any Canadian Liabilities hereby irrevocably
designates Bank of America-Canada Branch as the Canadian Agent under this Agreement and the other Loan Documents. The general administration of the Loan Documents with respect to the Canadian Borrower shall be by the Canadian Agent. The Lenders, the
Issuing Banks and each Secured Party that is owed any Canadian Liabilities each hereby (i) irrevocably authorizes the Canadian Agent (x) to enter into the Loan Documents to which it is a party and (y) at its discretion, to take or
refrain from taking such actions as agent on its behalf and to exercise or refrain from exercising such powers under the Loan Documents as are delegated by the terms hereof or thereof, as appropriate, together with all powers reasonably incidental
thereto, and (ii) agrees and consents to all of the provisions of the Canadian Security Documents. All Collateral from the Canadian Loan Parties shall be held or administered by the Canadian Agent (or its duly-appointed agent) for its own
benefit and for the ratable benefit of the other Secured Parties holding Canadian Liabilities. Any proceeds received by the Canadian Agent from the foreclosure, sale, lease or other disposition of any of the Collateral from the Canadian Loan Parties
and any other proceeds received pursuant to the terms of the Canadian Security Documents or the other Loan Documents shall be paid over to the Canadian Agent for application as provided in this Agreement and the other Loan Documents. The Canadian
Agent shall have no duties or responsibilities except as set forth in this Agreement and the remaining Loan Documents, nor shall it have any fiduciary relationship with any other Secured Party, and no implied covenants, responsibilities, duties,
obligations, or liabilities shall be read into the Loan Documents or otherwise exist against the Canadian Agent. 
  

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 (b) Without limiting the generality of the foregoing, for the purposes of
creating a solidarité active in accordance with article 1541 of the Civil Code of Québec between each Secured Party that is owed any Canadian Liabilities, taken individually, on the one hand, and the Canadian Agent, on the other
hand, each of the Canadian Borrower and each such Secured Party acknowledge and agree with the Canadian Agent that such Secured Party and the Canadian Agent are hereby conferred the legal status of solidary creditors of the Canadian Borrower in
respect of all Canadian Liabilities, present and future, owed by the Canadian Borrower to each such Secured Party and the Canadian Agent (collectively, for the purposes of this paragraph, the “solidary claim”). Accordingly, but subject
(for the avoidance of doubt) to article 1542 of the Civil Code of Québec, the Canadian Borrower is irrevocably bound towards the Canadian Agent and each such Secured Party in respect of the entire solidary claim of the Canadian Agent and such
Secured Party. As a result of the foregoing, the Canadian Borrower confirms and agrees that subject to SECTION 8.03(a), above, the rights of the Canadian Agent and each of the Secured Parties who are owed Canadian Liabilities from time to time a
party to this Agreement by way of assignment or otherwise are solidary and, as regards the Canadian Liabilities owing from time to time to each such Secured Party, each of the Canadian Agent and such Secured Party is entitled, when permitted
pursuant to SECTION 7.01, to: (i) demand payment of all outstanding amounts from time to time in respect of the Canadian Liabilities; (ii) exact the whole performance of such Canadian Liabilities from the Canadian Loan Parties;
(iii) benefit from the Canadian Agent’s Liens in the Collateral in respect of such Canadian Liabilities; (iv) give a full acquittance of such Canadian Liabilities (each Secured Party that is owed Canadian Liabilities hereby agreeing
to be bound by any such acquittance); and (v) exercise all rights and recourses under the Loan Documents with respect to those Canadian Liabilities. The Canadian Liabilities of the Canadian Loan Parties will be secured by the Canadian
Agent’s Liens in the Collateral and the Canadian Agent and the Secured Parties who are owed Canadian Liabilities will have a solidary interest therein. 

SECTION 8.04 Sharing of Excess Payments. 

If at any time or times any Secured Party shall receive (a) by payment, foreclosure, setoff, banker’s lien, counterclaim, or
otherwise, or any payments with respect to the Obligations of the Domestic Borrowers or the Canadian Liabilities owing to such Secured Party arising under, or relating to, this Agreement or the other Loan Documents, or (b) payments from the
Administrative Agent or the Canadian Agent, as applicable, in excess of such Secured Party’s ratable portion of all such distributions by the Administrative Agent or the Canadian Agent, such Secured Party shall promptly (i) turn the same
over to the Administrative Agent or the Canadian Agent, as applicable, in kind, and with such endorsements as may be required to negotiate the same to the Administrative Agent or the Canadian Agent, or in same day funds, as applicable, for the
account of all of the Secured Parties and for application to the Obligations of the Domestic Borrowers or the Canadian Liabilities, as applicable, in accordance with the applicable provisions of this Agreement, or (ii) purchase, without
recourse or warranty, an undivided interest and participation in the Obligations of the Domestic Borrowers or the Canadian 
  

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Liabilities, as applicable, owed to the other Secured Parties so that such excess payment received shall be applied ratably as among the Secured Parties in accordance with the provisions of
SECTION 2.17 or SECTION 7.03, as applicable, and with their Domestic Commitment Percentages or Canadian Commitment Percentages, as applicable; provided, however, that if all or part of such excess payment received by the purchasing
party is thereafter recovered from it, those purchases of participations shall be rescinded in whole or in part, as applicable, and the applicable portion of the purchase price paid therefor shall be returned to such purchasing party, but without
interest except to the extent that such purchasing party is required to pay interest in connection with the recovery of the excess payment. In no event shall the provisions of this SECTION 8.04 be construed to apply to any payment made by the
Borrowers pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Domestic Lender or Canadian Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations
in drawings under Letters of Credit to any assignee or participant, other than to the Borrowers or any Affiliate(s) thereof (as to which the provisions of this SECTION 8.04 shall apply). Notwithstanding the foregoing, any amounts of the Canadian
Borrower so offset shall be applied solely to, and shall be limited to, the Canadian Liabilities and any adjustments with respect thereto shall be made solely amongst Lenders having a Canadian Commitment. 

SECTION 8.05 Agreement of Applicable Lenders. 

Upon any occasion requiring or permitting an approval, consent, waiver, election or other action on the part of the Applicable Lenders,
action shall be taken by each Agent or the Canadian Agent, as applicable, for and on behalf or for the benefit of all Credit Parties upon the direction of the Applicable Lenders, and any such action shall be binding on all Credit Parties. No
amendment, modification, consent, or waiver shall be effective except in accordance with the provisions of SECTION 9.02. 

SECTION 8.06 Liability of Agents. 

(a) Each of the Agents and the Canadian Agent, when acting on behalf of the Credit Parties, may execute any of its
respective duties under this Agreement or any of the other Loan Documents by or through any of its officers, agents and employees, and no Agent or the Canadian Agent or any of its respective directors, officers, agents or employees shall be liable
to any other Secured Party for any action taken or omitted to be taken in good faith, or be responsible to any other Secured Party for the consequences of any oversight or error of judgment, or for any loss, except to the extent of any liability
imposed by law by reason of such Agent’s or Canadian Agent’s own gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). No Agent or the Canadian Agent or any of
its respective directors, officers, agents and employees shall in any event be liable to any other Secured Party for any action taken or omitted to be taken by it pursuant to instructions received by it from the Applicable Lenders, or in reliance
upon the advice of counsel selected by it. Without limiting the foregoing, no Agent or the Canadian Agent or any of its respective directors, officers, employees, or agents shall be: (i) responsible to any other Secured Party for the due
execution, validity, genuineness, effectiveness, sufficiency, or enforceability of, or for any recital, statement, warranty or representation in, this Agreement, any other Loan 

 

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Document or any related agreement, document or order; (ii) required to ascertain or to make any inquiry concerning the performance or observance by any Loan Party of any of the terms,
conditions, covenants, or agreements of this Agreement or any of the Loan Documents; (iii) responsible to any other Secured Party for the state or condition of any properties of the Loan Parties or any other obligor hereunder constituting
Collateral for the Obligations, the Other Liabilities or Canadian Liabilities or any information contained in the books or records of the Loan Parties; (iv) responsible to any other Secured Party for the validity, enforceability,
collectibility, effectiveness or genuineness of this Agreement or any other Loan Document or any other certificate, document or instrument furnished in connection therewith; or (v) responsible to any other Secured Party for the validity,
priority or perfection of any Lien securing or purporting to secure the Obligations, the Other Liabilities or the Canadian Liabilities or for the value or sufficiency of any of the Collateral. 

(b) Each of the Agents and the Canadian Agent may execute any of its duties under this Agreement or any other Loan
Document by or through its agents or attorneys-in-fact, and shall be entitled to the advice of counsel concerning all matters pertaining to its rights and duties hereunder or under the other Loan Documents. No Agent or the Canadian Agent shall be
responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care. 

(c) No Agent or the Canadian Agent or any of its respective directors, officers, employees, or agents shall have any
responsibility to any Loan Party on account of the failure or delay in performance or breach by any other Secured Party (other than by each such Agent or Canadian Agent in its capacity as a Lender) of any of its respective obligations under this
Agreement or any of the other Loan Documents or in connection herewith or therewith. 
 (d) Each of the Agents
and the Canadian Agent shall be entitled to rely, and shall be fully protected in relying, upon any notice, consent, certificate, affidavit, or other document or writing believed by it to be genuine and correct and to have been signed, sent or made
by the proper person or persons, and upon the advice and statements of legal counsel (including, without, limitation, counsel to the Loan Parties), independent accountants and other experts selected by any Loan Party or any Secured Party. Each of
the Agents and the Canadian Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Applicable Lenders as it deems
appropriate or it shall first be indemnified to its satisfaction by the other Secured Parties against any and all liability and expense which may be incurred by it by reason of the taking or failing to take any such action. 

SECTION 8.07 Notice of Default. 

No Agent or the Canadian Agent shall be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless
such Agent or Canadian Agent has actual knowledge of the same or has received notice from a Secured Party or Loan Party referring to this Agreement, describing such Default or Event of Default and stating that such notice is a

  

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“notice of default”. In the event that any Agent or the Canadian Agent obtains such actual knowledge or receives such a notice, such Agent or Canadian Agent shall give prompt notice
thereof to each of the other Secured Parties. Upon the occurrence of an Event of Default, the Administrative Agent, the Co-Collateral Agents or the Canadian Agent, as applicable, shall (subject to the provisions of SECTION 9.02) take such action
with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders. Unless and until the Administrative Agent, the Co-Collateral Agents or the Canadian Agent, as applicable, shall have received such direction,
the Administrative Agent, the Co-Collateral Agents or the Canadian Agent, as applicable, may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to any such Default or Event of Default as it shall deem
advisable in the best interest of the Secured Parties. In no event shall the Administrative Agent, the Co-Collateral Agents or the Canadian Agent, as applicable, be required to comply with any such directions to the extent that the Administrative
Agent, the Co-Collateral Agents or the Canadian Agent, as applicable, believes that its compliance with such directions would be unlawful. 

SECTION 8.08 Credit Decisions. 

Each Secured Party (other than the Agents and the Canadian Agent) acknowledges that it has, independently and without reliance upon any
Agent or the Canadian Agent or any other Secured Party, and based on the financial statements prepared by the Loan Parties and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the
business, assets, operations, property, and financial and other condition of the Loan Parties and has made its own decision to enter into this Agreement and the other Loan Documents. Each Credit Party (other than the Agents and the Canadian Agent)
also acknowledges that it will, independently and without reliance upon any Agent, the Canadian Agent or any other Secured Party, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in determining whether or not conditions precedent to closing any Loan hereunder have been satisfied and in taking or not taking any action under this Agreement and the other Loan Documents. 

SECTION 8.09 Reimbursement and Indemnification. 

Each Secured Party (other than the Agents and the Canadian Agent) agrees to (a) reimburse each Agent and the Canadian Agent for such
Secured Party’s Commitment Percentage of (i) any expenses and fees incurred by any Agent or the Canadian Agent for the benefit of the Secured Parties under this Agreement and any of the other Loan Documents, including, without limitation,
counsel fees and compensation of agents and employees paid for services rendered on behalf of the Secured Parties, and any other expense incurred in connection with the operations or enforcement thereof not reimbursed by the Loan Parties, and
(ii) any expenses of any Agent or the Canadian Agent incurred for the benefit of the Secured Parties that the Loan Parties have agreed to reimburse pursuant to this Agreement or any other Loan Document and have failed to so reimburse, and
(b) indemnify and hold harmless each Agent and the Canadian Agent and any of its respective directors, officers, employees, or agents, on demand, in the amount of such Secured Party’s Commitment Percentage, from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses, or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against it or any Secured Party in any way relating
to or arising out of this Agreement or any of the other Loan 
  

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Documents or any action taken or omitted by it or any of them under this Agreement or any of the other Loan Documents to the extent not reimbursed by the Loan Parties, including, without
limitation, costs of any suit initiated by each Agent or the Canadian Agent against any Secured Party (except such as shall have been determined by a court of competent jurisdiction or another independent tribunal having jurisdiction by final and
non-appealable judgment to have resulted from the gross negligence or willful misconduct of such Agent or Canadian Agent); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the
case may be, was incurred by or asserted against such Secured Party in its capacity as such. The provisions of this SECTION 8.09 shall survive the repayment of the Obligations, the Other Liabilities, the Canadian Liabilities and the termination of
the Commitments. 
 SECTION 8.10 Rights of Agents. 

It is understood and agreed that the Agents and the Canadian Agent shall have the same rights and powers hereunder (including the right
to give such instructions) as the other Lenders and may exercise such rights and powers, as well as their rights and powers under other agreements and instruments to which they are or may be party, and engage in other transactions with the Loan
Parties, as though they were not the Agents or the Canadian Agent. Each Agent, the Canadian Agent and its respective Affiliates may accept deposits from, lend money to, and generally engage in any kind of commercial or investment banking, trust,
advisory or other business with the Loan Parties and their Affiliates as if it were not an Agent or Canadian Agent thereunder. 

SECTION 8.11 Notice of Transfer. 

The Administrative Agent or the Canadian Agent, as applicable, may deem and treat a Lender party to this Agreement as the owner of such
Lender’s portion of the Obligations or Canadian Liabilities, as applicable, or the Other Liabilities for all purposes, unless and until, and except to the extent, an Assignment and Acceptance shall have become effective as set forth in SECTION
9.04. 
 SECTION 8.12 Successor Agents. 

The Administrative Agent or the Canadian Agent may resign at any time by giving thirty (30) Business Days’ written notice
thereof to the other Secured Parties and the Lead Borrower and the Canadian Borrower, as applicable. Any Co-Collateral Agent may resign at any time by giving prior written notice thereof to the other Agents and the Lead Borrower and the Canadian
Borrower, as applicable. Upon any such resignation of the Administrative Agent or the Canadian Agent, the Required Lenders shall have the right to appoint a successor Administrative Agent or Canadian Agent, as applicable, which, so long as there is
no Enumerated Default, shall be reasonably satisfactory to the Lead Borrower (whose consent in any event shall not be unreasonably withheld or delayed). If no successor Administrative Agent or Canadian Agent shall have been so appointed by the
Required Lenders and/or none shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent’s or Canadian Agent’s giving of notice of resignation, the retiring Administrative Agent or Canadian
Agent may, on behalf of the other Secured Parties, appoint a successor Administrative Agent or Canadian Agent which, (i) with respect to the Administrative Agent shall be a Person a 

 

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commercial bank (or affiliate thereof) organized under the laws of the United States of America or of any State thereof and having a combined capital and surplus of a least $1,000,000,000, or
(ii) with respect to the Canadian Agent, a commercial bank or institutional lender (or branch or Affiliate thereof) resident in Canada (for purposes of the Income Tax Act (Canada) or otherwise not subject to withholding taxes on any interest
paid by a resident of Canada) and having a combined capital and surplus of at least $1,000,000,000 or (iii) in either case, capable of complying with all of the duties of such Administrative Agent or Canadian Agent, as applicable, hereunder (in
the opinion of the retiring Administrative Agent or Canadian Agent and as certified to the other Secured Parties in writing by such successor Administrative Agent or Canadian Agent) which, so long as there is no Enumerated Default, shall be
reasonably satisfactory to the Lead Borrower (whose consent shall not in any event be unreasonably withheld or delayed). Upon the acceptance of any appointment as Administrative Agent or Canadian Agent by a successor Administrative Agent or Canadian
Agent, as applicable, such successor Administrative Agent or Canadian Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent or Canadian Agent and the retiring
Administrative Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Administrative Agent’s, Co-Collateral Agent’s or Canadian Agent’s resignation hereunder as such Administrative Agent,
Co-Collateral Agent or Canadian Agent, as applicable, the provisions of this ARTICLE VIII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was such Administrative Agent, Co-Collateral Agent or Canadian Agent
under this Agreement. Upon the resignation of any Co-Collateral Agent, no successor shall be appointed as long as there remains at least one Co-Collateral Agent which has not resigned; if all Co-Collateral Agents resign, then a successor shall be
appointed in accordance with the procedures set forth above in this SECTION 8.12. 
 SECTION 8.13 Relation Among the
Lenders. 
 The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or
(except as otherwise set forth herein in case of any Agent or the Canadian Agent) authorized to act for, any other Lender. 

SECTION 8.14 Reports and Financial Statements. 

By signing this Agreement, each Lender: 

(a) agrees to furnish the Administrative Agent on the first day of each month with a summary of all Other Liabilities due
or to become due to such Lender; 
 (b) is deemed to have requested that the Administrative Agent or the Canadian
Agent, as applicable, furnish such Lender, promptly after they become available, copies of all financial statements required to be delivered by the Lead Borrower hereunder and all commercial finance examinations and appraisals of the Collateral
received by the Administrative Agent or the Co-Collateral Agents, as applicable (collectively, the “Reports”) (and the Administrative Agent and the Canadian Agent, as applicable, agree to furnish such Reports promptly to the
Lenders, which may be furnished in accordance with the final paragraph of SECTION 5.01); 
  

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 (c) expressly agrees and acknowledges that no Agent or the Canadian Agent
(i) makes any representation or warranty as to the accuracy of the Reports or (ii) shall be liable for any information contained in any Report; 

(d) expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that the Agents, the
Canadian Agent or any other party performing any audit or examination will inspect only specific information regarding the Loan Parties and will rely significantly upon the Loan Parties’ books and records, as well as on representations of the
Loan Parties’ personnel; 
 (e) agrees to keep all Reports confidential in accordance with the provisions of
SECTION 9.15 hereof, and not to use any Report in any other manner; and 
 (f) without limiting the generality of
any other indemnification provision contained in this Agreement, agrees: (i) to hold each Agent, the Canadian Agent and any such other Lender preparing a Report harmless from any action the indemnifying Lender may take or conclusion the
indemnifying Lender may reach or draw from any Report in connection with any Credit Extensions that the indemnifying Lender has made or may make to the Borrowers, or the indemnifying Lender’s participation in, or the indemnifying Lender’s
purchase of, a Loan or Loans of the Borrowers; and (ii) to pay and protect, and indemnify, defend, and hold each Agent, the Canadian Agent, and any such other Lender preparing a Report harmless from and against, the claims, actions,
proceedings, damages, costs, expenses, and other amounts (including attorney costs) incurred by the Agents, the Canadian Agent and any such other Lender preparing a Report as the direct or indirect result of any third parties who might obtain all or
part of any Report through the indemnifying Lender in violation of the terms hereof. 
 SECTION 8.15 Agency for
Perfection. 
 Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens for the benefit of
the Agents, the Canadian Agent and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other Applicable Law of the United States of America or Canada can be perfected only by possession. Should any Lender (other than the
Administrative Agent or the Canadian Agent) obtain possession of any such Collateral, such Lender shall notify the Administrative Agent or the Canadian Agent, as applicable, thereof, and, promptly upon the Administrative Agent’s or Canadian
Agent’s, as applicable, request therefor, shall deliver such Collateral to the Administrative Agent or Canadian Agent, as applicable, or otherwise deal with such Collateral in accordance with the Administrative Agent’s or Canadian
Agent’s (as applicable) instructions. 
 SECTION 8.16 Delinquent Lender. 

(a) If for any reason any Lender (i) shall fail or refuse to make available to the Administrative Agent or the
Canadian Agent its Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, of any Revolving Credit Loans, expenses, indemnities, or setoff or purchase its Commitment Percentage of a participation interest in the Swingline
Loans or Letter of Credit Outstandings (unless such failure or 
  

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refusal is the result of (x) such Lender’s good faith determination that a condition precedent to funding (specifically identified and with supporting facts) has not been satisfied and
such Lender has notified the Administrative Agent in writing of such determination or (y) a good faith dispute with respect to expenses and indemnities owed to the Administrative Agent, identified in writing to the Administrative Agent) and
such failure is not cured within one Business Day after receipt from the Administrative Agent of written notice thereof, (ii) shall fail, within three (3) Business Days after request by the Administrative Agent, to confirm that it will
comply with the terms of this Agreement relating to its Commitments or (iii) has been deemed insolvent or become the subject of a bankruptcy or insolvency proceeding. (each, a “Delinquent Lender”), then, in addition to the
rights and remedies that may be available to the other Secured Parties, the Loan Parties or any other party at law or in equity, and not at limitation thereof, (i) such Delinquent Lender’s right to participate in the administration of, or
decision-making rights related to, the Loans, this Agreement or the other Loan Documents shall be suspended during the pendency of such failure or refusal, and (ii) a Delinquent Lender shall be deemed to have assigned any and all payments due
to it from the Loan Parties, whether on account of outstanding Loans, interest, fees or otherwise, to the remaining non-delinquent Lenders for application to, and reduction of, their proportionate shares of all outstanding Obligations until, as a
result of application of such assigned payments the Lenders’ respective Commitment Percentages of all outstanding Obligations shall have returned to those in effect immediately prior to such delinquency and without giving effect to the
nonpayment causing such delinquency, and (iii) at the option of the Administrative Agent, any amounts payable to such Delinquent Lender hereunder (whether on account of principal, interest, fees or otherwise) shall, in lieu of being distributed
to such Delinquent Lender, be retained by the Administrative Agent as cash collateral for future funding obligations of the Delinquent Lender in respect of any Revolving Credit Loan or existing or future participating interest in any Swingline Loan
or Letter of Credit. The Delinquent Lender’s decision-making and participation rights and rights to payments as set forth in clauses (i) and (ii) hereinabove shall be restored only upon the payment by the Delinquent Lender of its
Commitment Percentage of any Obligations, any participation obligation, or expenses as to which it is delinquent, together with interest thereon at the rate set forth in SECTION 2.12, from the date when originally due until the date upon which any
such amounts are actually paid. 
 (b) The non-Delinquent Lenders shall also have the right, but not the
obligation, in their respective, sole and absolute discretion, to cause the termination and assignment without any further action by the Delinquent Lender for no cash consideration (pro rata, based on the respective Domestic
Commitments of those Domestic Lenders or Canadian Commitments of those Canadian Lenders as applicable, electing to exercise such right), of the Delinquent Lender’s Domestic Commitment or Canadian Commitment, as applicable, to fund future
Revolving Credit Loans. Upon any such assignment of the Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, of any Delinquent Lender, the Delinquent Lender’s share in future Revolving Credit Loans and its rights
under the Loan Documents with respect thereto shall terminate on the date of purchase, and the Delinquent Lender shall promptly execute all documents reasonably requested to surrender and transfer such interest, including, if so requested, an
Assignment and Acceptance. 
  

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 (c) Each Delinquent Lender shall indemnify the Administrative Agent or the
Canadian Agent, as applicable, and each non-delinquent Lender from and against any and all loss, damage or expenses, including, but not limited to, reasonable attorneys’ fees and funds advanced by the Administrative Agent or by any
non-delinquent Lender, on account of a Delinquent Lender’s failure to timely fund its Domestic Commitment Percentage or Canadian Commitment Percentage, as applicable, of a Revolving Credit Loan or to otherwise perform its obligations under the
Loan Documents. 
 SECTION 8.17 Risk Participation. 

(a) Upon the earlier of Substantial Liquidation or the Determination Date, if all Canadian Liabilities have not been
repaid in full (other than the Other Liabilities of the Canadian Borrower and its Subsidiaries), then the Domestic Lenders shall purchase from the Canadian Lenders (on the date of Substantial Liquidation or the Determination Date, as applicable)
such portion of the Canadian Liabilities (other than Other Liabilities relating to the Canadian Borrower and its Subsidiaries) so that each Lender shall, after giving effect to any such purchases, hold its Liquidation Percentage of all outstanding
Canadian Liabilities and all other Obligations. 
 (b) Upon the earlier of Substantial Liquidation or the
Determination Date, if all Obligations of the Domestic Borrowers (other than those relating to the Canadian Liabilities or the Other Liabilities of the Domestic Borrowers) have not been repaid in full, then the Canadian Lenders shall purchase from
the Domestic Lenders (on the date of Substantial Liquidation or the Determination Date, as applicable) such portion of such Obligations so that each Lender shall, after giving effect to any such purchases, hold its Liquidation Percentage of all
outstanding Obligations of the Domestic Borrowers and the Canadian Liabilities. 
 (c) All purchases of
Obligations under this SECTION 8.17 shall be at par, for cash, with no premium, discount or reduction. 
 (d) No
Lender shall be responsible for any default of any other Lender in respect of any other Lender’s obligations under this SECTION 8.17, nor shall the obligations of any Lender hereunder be increased as a result of such default of any other
Lender. Each Lender shall be obligated to the extent provided herein regardless of the failure of any other Lender to fulfill its obligations hereunder. 

(e) Each Lender shall execute such instruments, documents and agreements and do such other actions as may be necessary or
proper in order to carry out more fully the provisions and purposes of this SECTION 8.17 and the purchase of Obligations or the Canadian Liabilities, as applicable, as provided herein. 

(f) The obligations of each Lender under this SECTION 8.17 are irrevocable and unconditional and shall not be subject to
any qualification or exception whatsoever including, without limitation, lack of validity or enforceability of this Agreement or any of the Loan Documents or the existence of any claim, setoff, defense or other right which any Loan Party may have at
any time against any of the Lenders. 
  

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 (g) No fees required to be paid on any assignment pursuant to SECTION 9.04
of this Agreement shall be payable in connection with any assignment under this SECTION 8.17. 
 SECTION 8.18 Collateral
Matters. 
 (a) The Lenders hereby irrevocably authorize the Administrative Agent and the Canadian Agent, as
applicable, to release any Lien upon any Collateral: (i) upon the termination of the Domestic Commitments and the Canadian Commitments, as applicable, and payment and satisfaction in full by the Domestic Borrowers of all Obligations and the
Canadian Borrower of all Canadian Liabilities, as applicable and, if the Obligations have been accelerated and Liquidation has commenced, the Other Liabilities then due and payable (in any event other than contingent indemnity obligations with
respect to then unasserted claims), all Letters of Credit shall have expired or terminated (or been collateralized in a manner satisfactory to the Issuing Banks) and all Letter of Credit Outstandings have been reduced to zero (or collateralized in a
manner satisfactory to the Issuing Banks); (ii) constituting property being sold, transferred or disposed of in a Permitted Disposition upon receipt by the Administrative Agent or the Canadian Agent, as applicable, of the Net Proceeds thereof
to the extent required by this Agreement; or (iii) upon request of the Lead Borrower, constituting Real Estate being transferred from a Domestic Loan Party to another Domestic Loan Party but only to the extent that after such transfer, no Event
of Default exists. Except as provided above, the Administrative Agent or the Canadian Agent, as applicable, will not release any of the Agent’s or Canadian Agent’s Liens without the prior written authorization of the Applicable Lenders.
Upon request by the Administrative Agent, the Canadian Agent or any Loan Party at any time, the Lenders will confirm in writing the Administrative Agent’s or the Canadian Agent’s authority to release any Liens upon particular types or
items of Collateral pursuant to this SECTION 8.18. 
 (b) The Lenders hereby authorize the Administrative Agent
and the Canadian Agent, as applicable, to take such actions, including making filings and entering into agreements and any amendments or supplements to any Security Document or Intercreditor Agreement, as may be necessary or desirable to reflect the
intent of this Agreement and the refinancing of any Indebtedness permitted hereunder. Upon request by the Administrative Agent, the Canadian Agent or any Loan Party at any time, the Lenders will confirm in writing the Administrative Agent’s or
the Canadian Agent’s authority to enter into such agreements, amendments or supplements. 
 (c) Upon at
least two (2) Business Days’ prior written request by the Lead Borrower or the Canadian Borrower, as applicable, the Administrative Agent or the Canadian Agent shall (and is hereby irrevocably authorized by the Lenders to) execute such
documents as may be necessary to evidence the release of the Liens upon any Collateral described in SECTION 8.18(a); provided, however, that (i) neither the Administrative Agent nor the Canadian Agent shall be required to execute
any such document on terms which, in its reasonable opinion, would, under Applicable Law, expose the Administrative Agent or the Canadian Agent to liability or create any obligation or entail any adverse consequence other than the release of such
Liens without 
  

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recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Obligations, the Other Liabilities, the Canadian Liabilities, or any Liens (other than
those expressly being released) upon (or obligations of any Loan Party in respect of) all interests retained by any Loan Party, including (without limitation) the proceeds of any sale, all of which shall continue to constitute part of the
Collateral. 
 SECTION 8.19 Co-Syndication Agents, Co-Documentation Agents, Arrangers and Bookrunners. 

Notwithstanding the provisions of this Agreement or any of the other Loan Documents, the Co-Syndication Agents, the Co-Documentation
Agents, the Arrangers and the Bookrunners shall have no powers, rights, duties, responsibilities or liabilities with respect to this Agreement and the other Loan Documents. 

ARTICLE IX  

Miscellaneous 

SECTION 9.01 Notices. 

Except in the case of notices and other communications expressly permitted to be given by telephone or electronically, all notices and
other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy or e-mail, as follows: 

(a) if to any Loan Party, to it at One Geoffrey Way, Wayne, New Jersey, Attention: Chief Financial Officer (Telecopy No.
(973) 617-4006), with a copy to the attention of General Counsel (Telecopy No. (973) 617-4043), with a copy to Simpson Thacher & Bartlett, LLP, 425 Lexington Avenue, New York, New York 10017, Attention: James Cross, Esquire
(Telecopy No. (212) 455-2502), (E-Mail jcross@stblaw.com); 
 (b) if to the Administrative Agent, the
Co-Collateral Agents or the Swingline Lender to Bank of America, N.A., 100 Federal Street, Boston, Massachusetts 02110, Attention Christine Hutchinson (Telecopy No. (617) 434-4339), (E-Mail christine.hutchinson@bankofamerica.com), with a copy
to Riemer & Braunstein, LLP, Three Center Plaza, Boston, Massachusetts 02108, Attention: David S. Berman, Esquire (Telecopy No. (617) 880-3456), (E-Mail dberman@riemerlaw.com); 

(c) if to the Canadian Agent, or the Swingline Lender of Swingline Loans to the Canadian Borrower, to the attention of the
Administrative Agent; and 
 (d) if to any other Credit Party, to it at its address (or telecopy number or
electronic mail address) set forth on the signature pages hereto or on any Assignment and Acceptance. 
 Notwithstanding the
foregoing, any notice hereunder sent by e-mail shall be solely for the distribution of (i) routine communications such as financial statements and (ii) documents and 

 

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signature pages for execution by the parties hereto, and for no other purpose. Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice
to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

SECTION 9.02 Waivers; Amendments. 

(a) No failure or delay by any Credit Party in exercising any right or power hereunder or under any other Loan Document
shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of
any other right or power. The rights and remedies of the Credit Parties hereunder and under the other Loan Documents are cumulative and are not exclusive of any other rights or remedies that they would otherwise have. No waiver of any provision of
any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by SECTION 9.02(b), and then such waiver or consent shall be effective only in the specific instance and for
the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default or Event of Default, regardless of whether any Credit Party may
have had notice or knowledge of such Default or Event of Default at the time. 
 (b) Except as otherwise
specifically provided herein, neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified except, in the case of this Agreement, pursuant to an agreement or agreements in writing entered
into by the Loan Parties and the Required Lenders or, in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Agent(s) or the Canadian Agent and the Loan Parties that are parties thereto, in each
case with the consent of the Required Lenders; provided, however, that no such waiver, amendment, modification or other agreement shall: 

(i) Increase the Domestic Commitment or Canadian Commitment of any Lender without the prior written consent of such Lender

 (ii) Without: 

(A) the prior written consent of each Lender directly affected thereby, reduce the principal amount of any Obligation or
reduce the rate of interest thereon (other than the waiver of the Default Rate), or reduce any fees payable under the Loan Documents; 

(B) the prior written consent of each Lender directly affected thereby, postpone the scheduled date of payment of the
principal amount of any Obligation, or any interest thereon, or any fees payable under the Loan Documents, or reduce the amount of, waive or excuse any such payment, or postpone the expiration of the Commitments or postpone the Maturity Date;

  

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 (C) the prior written Unanimous Consent of all Lenders, except for Permitted
Dispositions or for Collateral releases as provided in SECTION 8.18, release all or substantially all of the Collateral from the Liens of the Security Documents; 

(D) the prior written Unanimous Consent of all Lenders, except as provided in SECTION 2.02, increase the Total Domestic
Commitments or the Total Canadian Commitments; 
 (E) the prior written Unanimous Consent of all Lenders, change
the definition of the terms “Domestic Availability” or “Tranche A Borrowing Base” or any component definition thereof if, as a result thereof, the amounts available to be borrowed by the Domestic Borrowers would be increased;
provided that the foregoing shall not limit the discretion of the Agents to change, establish or eliminate any Reserves or to add Inventory, Accounts and Real Estate acquired in a Permitted Acquisition to the Borrowing Base as provided
herein; or 
 (F) the prior written Unanimous Consent of all Lenders, change the definition of the terms
“Canadian Availability” or “Canadian Borrowing Base” or any component definition thereof if, as a result thereof, the amounts available to be borrowed by the Canadian Borrower would be increased; provided that the
foregoing shall not limit the discretion of the Agents to change, establish or eliminate any Reserves; 
 (G) the
prior written Unanimous Consent of all Lenders, except in connection with Permitted Dispositions, release any Loan Party (other than a Loan Party which is no longer a Material Subsidiary) from its obligations under any Loan Document, or limit its
liability in respect of such Loan Document; 
 (H) the prior written Unanimous Consent of all Lenders, modify the
definition of Permitted Canadian Overadvance or Permitted Domestic Overadvance so as to increase the amount thereof, or to cause the aggregate Canadian Commitments or Domestic Commitments, as applicable (or the Canadian Commitment of any Canadian
Lender or the Domestic Commitment of any Domestic Lender) to be exceeded as a result thereof, or, except as provided in such definition, the time period for a Permitted Canadian Overadvance or Permitted Domestic Overadvance; 

(I) the prior written Unanimous Consent of all Lenders, change SECTION 2.17, SECTION 7.03; SECTION 8.04 or SECTION 8.17;

 (J) the prior written consent of the Required Lenders and each Co-Collateral Agent, change SECTION 2.18;

 (K) the prior written Unanimous Consent of all Lenders, except as provided by operation of Applicable Law and
otherwise expressly permitted hereunder, subordinate the Obligations or Other Liabilities hereunder or the Liens granted hereunder or under the other Loan Documents, to any other Indebtedness or Lien, as the case may be; 

 

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 (L) the prior written Unanimous Consent of all Lenders, change any of the
provisions of this SECTION 9.02(b) or the definitions of “Required Lenders” or “Supermajority Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders required to waive,
amend or modify any rights thereunder or make any determination or grant any consent thereunder; or 
 (M) the
prior written Unanimous Consent of all Lenders, increase the amount of the Excess Swingline Loans. 
 (iii)
Without the prior written consent of the Supermajority Lenders, except for Permitted Dispositions or for Collateral releases as provided in SECTION 8.18, release any material portion of the Collateral from the Liens of the Security Documents.

 (iv) Without the prior written consent of Lenders (other than Delinquent Lenders) having more than 50% of the
Commitments, modify the provisions of SECTION 6.10 or any component definition thereof if, as a result thereof, the availability requirements of that Section would be reduced. 

(v) Without the prior written consent of the Agents, the Canadian Agent or the Issuing Banks, as the case may be, affect
the rights or duties of the Agents, the Canadian Agent or the Issuing Banks. 
 (c) Notwithstanding anything to
the contrary contained in this SECTION 9.02, in the event that the Lead Borrower or the Canadian Borrower shall request that this Agreement or any other Loan Document be modified, amended or waived in a manner which would require the consent of the
Lenders pursuant to SECTION 9.02(b) and such amendment is approved by the Required Lenders, but not by the requisite percentage of all of the Lenders, the Lead Borrower and the Administrative Agent shall be permitted to amend this Agreement without
the consent of the Lender or Lenders which did not agree to the modification or amendment requested by the Lead Borrower or the Canadian Borrower (such Lender or Lenders, collectively the “Minority Lenders”) subject to their
providing for (i) the termination of the Commitment (including the Domestic Commitment and the Canadian Commitment) of each of the Minority Lenders, (ii) the addition to this Agreement of one or more other financial institutions which
would qualify as an Eligible Assignee, subject to the reasonable approval of the Administrative Agent, or an increase in the Domestic Commitment or Canadian Commitment of one or more of the Required Lenders, so that the Domestic Total Commitments
and the Canadian Total Commitments after giving effect to such amendment shall be in the same amount as the aggregate Commitments immediately before giving effect to such amendment, (iii) if any Loans are outstanding at the time of such
amendment, the making of such additional Loans by such new or increasing Lender or Lenders, as the case may be, as may be necessary to repay in full the outstanding Loans (including principal,

  

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interest, and fees) of the Minority Lenders immediately before giving effect to such amendment and (iv) such other modifications to this Agreement or the Loan Documents as may be appropriate
and incidental to the foregoing. 
 (d) No notice to or demand on any Loan Party shall entitle any Loan Party to
any other or further notice or demand in the same, similar or other circumstances. Each holder of a Note shall be bound by any amendment, modification, waiver or consent authorized as provided herein, whether or not a Note shall have been marked to
indicate such amendment, modification, waiver or consent and any consent by a Lender, or any holder of a Note, shall bind any Person subsequently acquiring a Note, whether or not a Note is so marked. No amendment to this Agreement or any other Loan
Document shall be effective against the Borrower unless signed by the Borrower or other applicable Loan Party. 
 SECTION 9.03
Expenses; Indemnity; Damage Waiver. 
 (a) The Loan Parties shall jointly and severally pay on the
Effective Date all Credit Party Expenses incurred as of the Effective Date, subject to any reimbursement limitations agreed to in writing prior to the Effective Date. Thereafter, the Loan Parties shall jointly and severally pay all Credit Party
Expenses within fifteen (15) Business Days after receipt of an invoice therefor setting forth such expenses in reasonable detail; provided that, in the event that the Borrowers have a bona fide dispute with any such expenses,
payment of such disputed amounts shall not be required until the earlier of the date such dispute is resolved to the reasonable satisfaction of the Borrowers or thirty (30) days after receipt of any such invoice (and any such disputed amount
which is so paid shall be subject to a reservation of the Borrowers’ rights with respect thereto). 
 (b)
The Loan Parties shall, jointly and severally, indemnify the Secured Parties and each of their Subsidiaries and Affiliates, and each of the respective stockholders, directors, officers, employees, agents, attorneys, and advisors of any of the
foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all damages, actual out-of-pocket losses, claims, actions, causes of action, settlement payments,
obligations, liabilities and related expenses, including the reasonable fees, charges and disbursements of one counsel for Bank of America, one counsel for the Canadian Agent and one counsel for all other Indemnitees (other than the Agents and the
Canadian Agent), incurred, suffered, sustained or required to be paid by, or asserted against, any Indemnitee arising out of, in any way connected with, or as a result of (i) the execution or delivery of any Loan Document or any other agreement
or instrument contemplated hereby, the performance by the parties to the Loan Documents of their respective obligations thereunder or the consummation of the transactions contemplated by the Loan Documents or any other transactions contemplated
hereby, (ii) any Credit Extension or the use of the proceeds therefrom (including any refusal by an Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly
comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property currently or formerly owned or operated by any Loan Party or any Subsidiary, or any Environmental
Liability 
  

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related in any way to any Loan Party or any Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to or arising from any of the foregoing,
whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto or (v) any documentary taxes, assessments or similar charges made by any Governmental Authority by reason of the execution and
delivery of this Agreement or any other Loan Document; provided, however, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (w) are
determined by a court of competent jurisdiction or another independent tribunal having jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or any Affiliate of such Indemnitee (or any officer,
director, employee, advisor or agent of such Indemnitee or any such Indemnitee’s Affiliates), (x) are relating to disputes among Indemnitees, (y) are determined by a court of competent jurisdiction or another independent tribunal
having jurisdiction to have resulted from a breach by such Indemnitee of its obligations to a Loan Party, or (z) constitute indirect, consequential, special or punitive damages. In connection with any indemnified claim hereunder, the Indemnitee
shall be entitled to select its own counsel and the Loan Parties shall promptly pay the reasonable fees and expenses of such counsel. 

(c) No party to this Agreement shall assert and, to the extent permitted by Applicable Law, each such party hereby waives,
any claim against any other party to this Agreement or any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result
of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the transactions contemplated by the Loan Documents, any Credit Extension or the use of the proceeds thereof. 

(d) The provisions of SECTION 9.03(b) and SECTION 9.03(c) shall remain operative and in full force and effect regardless
of the termination of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations or the Other Liabilities, the invalidity or unenforceability of any term or provision of any Loan Document, or
any investigation made by or on behalf of any Credit Party. All amounts due under this SECTION 9.03 shall be payable within fifteen (15) Business Days of written demand therefor, which written demand shall set forth such amounts in reasonable
detail. 
 (e) Notwithstanding anything to the contrary in SECTION 9.03(a) or SECTION 9.03(b), the Canadian
Borrower’s obligation to pay and indemnify shall be limited to matters, fees, expenses charges and disbursement, or losses, claims, damages and liabilities which the Administrative Agent or the Canadian Agent determines in their reasonable
judgment to be properly attributable or allocable to the Canadian Borrower. 
 SECTION 9.04 Successors and Assigns.

 (a) The provisions of this Agreement shall be binding upon, and inure to the benefit of, the parties hereto
and their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), except that 

 

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no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and the Lenders (and any such attempted
assignment or transfer without such consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted
hereby (including any Affiliate of an Issuing Bank that issues any Letter of Credit) and, to the extent expressly contemplated hereby, Indemnitees, any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Any Lender may, with the consent of the Administrative Agent and, so long as no Enumerated Default has occurred and is
continuing, the Lead Borrower (which consent shall not be unreasonably withheld or delayed), assign to one or more Eligible Assignees (other than any Person in direct competition with a Loan Party’s business) all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Domestic Commitment or Canadian Commitment and the Loans at the time owing to it); provided, however, that no such consent shall be required in connection with any
assignment to another Lender; provided further that each assignment shall be subject to the following conditions: (i) except in the case of an assignment to a Lender or an Affiliate of a Lender, the amount of the Commitment or
Loans of the assigning Lender subject to a partial assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than $10,000,000 with respect to
either Domestic Commitments or Canadian Commitments; (ii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations; (iii) any Person may be a Canadian Lender
only if it or any of its Affiliates also has Domestic Commitments in an amount at least equal to its Canadian Commitment; and (iv) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and
Acceptance, together with (unless waived by the Administrative Agent or unless such assignment is to an Affiliate of a Lender) a processing and recordation fee of $3,500.00. Subject to acceptance and recording thereof pursuant to SECTION 9.04(d),
from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, shall have the rights and obligations of a
Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance
covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of SECTION 9.03). Any assignment or transfer by a Lender of
rights or obligations under this Agreement that does not comply with this SECTION 9.04(b) shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with SECTION 9.04(e).
The Loan Parties hereby acknowledge and agree that any effective assignment shall give rise to a direct obligation of the Loan Parties to the assignee and that the assignee shall be considered to be a “Credit Party” for all purposes under
this Agreement and the other Loan Documents. 
  

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 (c) The Administrative Agent, acting for this purpose as an agent of the
Loan Parties, shall maintain at one of its offices in Boston, Massachusetts, a copy of each Assignment and Acceptance delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Lenders, and
the Domestic Commitment and the Canadian Commitment of, and principal amount of the Loans and Letter of Credit Disbursements owing to, each Lender pursuant to the terms hereof from time to time. The entries in the Register shall be conclusive, and
the Loan Parties and Credit Parties may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be
available for inspection by the Lead Borrower, the Canadian Borrower, the Issuing Banks and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(d) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an assignee, the
processing and recordation fee referred to in SECTION 9.04(b) and any written consent to such assignment required by SECTION 9.04(a), the Administrative Agent shall accept such Assignment and Acceptance and record the information contained therein
in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this SECTION 9.04(d). 

(e) Any Lender may, without the consent of the Loan Parties or any other Person, sell participations to one or more banks
or other entities (other than any Person in direct competition with a Loan Party’s business) (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of
its Domestic Commitment, Canadian Commitment and the Loans owing to it), subject to the following: 
 (i) such
Lender’s obligations under this Agreement and the other Loan Documents shall remain unchanged; 
 (ii) such
Lender shall remain solely responsible to the other parties hereto for the performance of such obligations; 

(iii) the Loan Parties and other Credit Parties shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement; 
 (iv) any agreement or instrument pursuant
to which a Lender sells a participation in the Commitments, the Loans and the Letters of Credit Outstandings shall provide that such Lender shall retain the sole right to enforce the Loan Documents and to approve any amendment, modification or
waiver of any provision of the Loan Documents; provided, however, that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described
in the proviso to SECTION 9.02(b)(ii)(A) or SECTION 9.02(b)(ii)(B) that affects such Participant; 
  

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 (v) subject to clauses (viii) and (ix) of this SECTION 9.04(e),
the Loan Parties agree that each Participant shall be entitled to the benefits (and subject to the requirements) of SECTION 2.14 and SECTION 2.23 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
SECTION 9.04(b); 
 (vi) to the extent permitted by law, each Participant also shall be entitled to the benefits
of SECTION 9.08 as though it were a Lender so long as such Participant agrees to be subject to SECTION 2.21(c) as though it were a Lender; 

(vii) each Lender, acting for this purpose as an agent of the Loan Parties, shall maintain at its offices a record of each
agreement or instrument effecting any participation and a register (each a “Participation Register”) meeting the requirements of 26 CFR §5f.103 1(c) for the recordation of the names and addresses of its Participants and their
rights with respect to principal amounts and other Obligations from time to time. The entries in each Participation Register shall be conclusive and the Loan Parties and the Credit Parties may treat each Person whose name is recorded in a
Participant Register as a Participant for all purposes of this Agreement (including, for the avoidance of doubt, for purposes of entitlement to benefits under SECTION 2.14, SECTION 2.23, and SECTION 9.08). The Participation Register shall be
available for inspection by the Lead Borrower and any Credit Party at any reasonable time and from time to time upon reasonable prior notice; 

(viii) a Participant shall not be entitled to receive any greater payment under SECTION 2.14 or SECTION 2.23 than the
applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Lead Borrower’s prior written consent; and 

(ix) a Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of SECTION
2.23 unless the Lead Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Loan Parties, to comply with SECTION 2.23(e) as though it were a Lender and such Participant is eligible for
exemption from, or reduction in, the withholding Tax referred to therein, following compliance with SECTION 2.23(e). 

(f) Any Credit Party may, without obtaining the consent of any Loan Party, at any time charge, pledge, assign or otherwise
grant a security interest in, all or any portion of its rights under this Agreement to secure obligations of such Credit Party, including any pledge or assignment to secure obligations to a central bank or any of the twelve Federal Reserve Banks
organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section 341, and this SECTION 9.04 shall not apply to any such pledge or assignment of a security interest; provided, however, that no such pledge or assignment
of a security interest shall release a Credit Party from any of its obligations hereunder or substitute any such pledgee or assignee for such Credit Party as a party hereto. 

(g) The Loan Parties authorize each Credit Party to disclose to any Participant or assignee and any prospective
Participant or assignee, subject to the provisions of 
  

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SECTION 9.15, any and all financial information in such Credit Party’s possession concerning the Loan Parties which has been delivered to such Credit Party by or on behalf of the Loan
Parties pursuant to this Agreement or which has been delivered to such Credit Party by or on behalf of the Loan Parties in connection with such Credit Party’s credit evaluation of the Loan Parties prior to becoming a party to this Agreement.

 SECTION 9.05 Survival. 

All covenants, agreements, indemnities, representations and warranties made by the Loan Parties in the Loan Documents and in the
certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan
Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that any Credit Party may have had notice or knowledge of any Default or
Event of Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect until (a) the Commitments have expired or been terminated, (b) the principal of, and
interest on, each Loan and all fees and other Obligations (other than contingent indemnity obligations with respect to then unasserted claims and, if no acceleration has occurred and no Liquidation has commenced, the Other Liabilities) shall have
been paid in full, (c) all Letters of Credit shall have expired or terminated (or been Cash Collateralized in a manner satisfactory to the Issuing Bank) and (d) all Letter of Credit Outstandings have been reduced to zero (or Cash
Collateralized in a manner satisfactory to the Issuing Bank). The provisions of SECTION 2.14, SECTION 2.23, SECTION 9.03 and ARTICLE VIII shall survive and remain in full force and effect regardless of the repayment of the Obligations, the
expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. In connection with the termination of this Agreement and the release and termination of the security interests in
the Collateral, the Administrative Agent or the Canadian Agent, on behalf of itself and the other Credit Parties, may require such indemnities as it shall reasonably deem necessary or appropriate to protect the Credit Parties against loss on account
of such release and termination, including, without limitation, with respect to credits previously applied to the Obligations or Other Liabilities that may subsequently be reversed or revoked, and any Obligations that may thereafter arise, including
without limitation under SECTION 9.03 and/or with respect to the Other Liabilities. 
 SECTION 9.06 Counterparts;
Integration; Effectiveness. 
 This Agreement may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents (and any fee letters or fee agreements referred to in SECTION 2.19(a))
constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all contemporaneous or previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in
SECTION 4.01, this Agreement shall become effective when it shall have been executed by the applicable Credit Parties and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of
the other parties hereto, and thereafter shall be binding upon and inure to 
  

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the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or e-mail shall be effective
as delivery of a manually executed counterpart of this Agreement. 
 SECTION 9.07 Severability. 

Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof, and the invalidity of a particular provision in a particular jurisdiction
shall not invalidate such provision in any other jurisdiction. 
 SECTION 9.08 Right of Setoff. 

If an Enumerated Default shall have occurred and be continuing, each Secured Party, each Participant and each of their respective
Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, but excluding the Designated Account, and
payroll, trust and tax withholding accounts) at any time held and other obligations at any time owing by such Secured Party, Participant or Affiliate to or for the credit or the account of the Loan Parties against any and all of the Obligations of
the Loan Parties now or hereafter existing under this Agreement or other Loan Document to the extent such are then due and owing, although such Obligations may be otherwise fully secured; provided that such Secured Party shall provide
the Lead Borrower with written notice promptly after its exercise of such right of setoff. The rights of each Secured Party under this SECTION 9.08 are in addition to other rights and remedies (including other rights of setoff) that such Credit
Party may have. No Credit Party will, or will permit its Participant to, exercise its rights under this SECTION 9.08 without the consent of the Administrative Agent or the Required Lenders. Notwithstanding the foregoing, any amounts of the Canadian
Borrower so offset shall be applied solely to the Canadian Liabilities. ANY AND ALL RIGHTS TO REQUIRE ANY AGENT OR THE CANADIAN AGENT TO EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL WHICH SECURES ANY OF THE OBLIGATIONS, THE
OTHER LIABILITIES OR THE CANADIAN LIABILITIES, AS APPLICABLE, PRIOR TO THE EXERCISE BY ANY SECURED PARTY, PARTICIPANT OR AFFILIATE OF ITS RIGHT OF SETOFF UNDER THIS SECTION ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED. 

SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process. 

(a) THIS AGREEMENT AND ALL ACTIONS ARISING UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK. 
 (b) Each Loan Party agrees that any suit for the enforcement of this
Agreement or any other Loan Document may be brought in the courts of the State of New York sitting in the Borough of Manhattan or any federal court sitting therein as the Administrative Agent may elect in its sole discretion and consents to the
non-exclusive 
  

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jurisdiction of such courts. Each party to this Agreement hereby waives any objection which it may now or hereafter have to the venue of any such suit or any such court or that such suit is
brought in an inconvenient forum and agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this
Agreement shall affect any right that any Credit Party may otherwise have to bring any action or proceeding relating to this Agreement against a Loan Party or its properties in the courts of any jurisdiction. 

(c) Each Loan Party agrees that any action commenced by any Loan Party asserting any claim or counterclaim arising under
or in connection with this Agreement or any other Loan Document shall be brought solely in a court of the State of New York sitting in the Borough of Manhattan or any federal court sitting therein as the Administrative Agent may elect in its sole
discretion and consents to the exclusive jurisdiction of such courts with respect to any such action. 
 (d)
Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in SECTION 9.01. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in
any other manner permitted by law. 
 SECTION 9.10 WAIVER OF JURY TRIAL. 

EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY); AND WAIVES DUE DILIGENCE, DEMAND, PRESENTMENT AND
PROTEST AND ANY NOTICES THEREOF AS WELL AS NOTICE OF NONPAYMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT
OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 SECTION 9.11 Press Releases and Related Matters. 

Each Borrower consents to the publication by the Administrative Agent or the Canadian Agent of customary trade advertising material in
tombstone format relating to the financing transactions contemplated by this Agreement using any Borrower’s name, and with the consent of the Lead Borrower, logo or trademark. The Administrative Agent or the Canadian Agent, as applicable, shall
provide a draft reasonably in advance of any advertising material to the Lead Borrower for review and comment prior to the publication thereof. The Administrative Agent and the Canadian Agent reserve the right to provide to industry trade
organizations information necessary and customary for inclusion in league table measurements. 
  

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 SECTION 9.12 Headings. 

Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement
and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 
 SECTION 9.13
Interest Rate Limitation. 
 Notwithstanding anything herein to the contrary, if at any time the interest rate applicable
to any Revolving Credit Loan, together with all fees, charges and other amounts that are treated as interest on such Revolving Credit Loan under Applicable Law (collectively, the “Charges”), shall be found by a court of competent
jurisdiction in a final order to exceed the maximum lawful rate (the “Maximum Rate”) that may be contracted for, charged, taken, received or reserved by the Lender holding such Revolving Credit Loan in accordance with Applicable
Law, the rate of interest payable in respect of such Revolving Credit Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been
payable in respect of such Revolving Credit Loan but were not payable as a result of the operation of this SECTION 9.13 shall be cumulated and the interest and Charges payable to such Lender in respect of other Revolving Credit Loans or periods
shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate, in the case of the Domestic Lenders, and at the Canadian Prime Rate, in the case of
Canadian Lenders, to the date of repayment, shall have been received by such Lender. 
 SECTION 9.14 Additional Waivers.

 (a) The Obligations, the Other Liabilities and the Canadian Liabilities are the joint and several obligation
of each Loan Party, provided that the Canadian Borrower and the other Canadian Loan Parties shall be liable only for the Canadian Liabilities. To the fullest extent permitted by Applicable Law, the obligations of each Loan Party
hereunder shall not be affected by (i) the failure of any Credit Party to assert any claim or demand or to enforce or exercise any right or remedy against any other Loan Party under the provisions of this Agreement, any other Loan Document or
otherwise, (ii) any rescission, waiver, amendment or modification of, or any release of any Loan Party from, any of the terms or provisions of, this Agreement, any other Loan Document, or (iii) the failure to perfect any security interest
in, or the release of, any of the Collateral or other security held by or on behalf of the Administrative Agent, the Canadian Agent, the Co-Collateral Agents or any other Credit Party. 

(b) The obligations of each Loan Party to pay the Obligations, the Other Liabilities or the Canadian Liabilities, as
applicable, in full hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason (other than the payment in full in cash of the Obligations, the Other Liabilities or the Canadian Liabilities, as applicable,
after the termination of all Commitments to any Loan Party 
  

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under any Loan Document), including any claim of waiver, release, surrender, alteration or compromise of any of the Obligations, the Other Liabilities or the Canadian Liabilities, as applicable,
and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the Obligations, the Other Liabilities or Canadian Liabilities, as
applicable, or otherwise. Without limiting the generality of the foregoing, the obligations of each Loan Party hereunder shall not be discharged or impaired or otherwise affected by the failure of any Agent or any other Credit Party to assert any
claim or demand or to enforce any remedy under this Agreement, any other Loan Document or any other agreement, by any waiver or modification of any provision of any thereof, any default, failure or delay, willful or otherwise, in the performance of
any of the Obligations or the Other Liabilities, or by any other act or omission that may or might in any manner or to any extent vary the risk of any Loan Party or that would otherwise operate as a discharge of any Loan Party as a matter of law or
equity (other than the payment in full in cash of all of the Obligations and Other Liabilities after termination of all Commitments to any Loan Party under any Loan Document). 

(c) To the fullest extent permitted by Applicable Law, each Loan Party waives any defense based on or arising out of any
defense of any other Loan Party or the unenforceability of the Obligations, the Other Liabilities or Canadian Liabilities or any part thereof from any cause, or the cessation from any cause of the liability of any other Loan Party, other than the
payment in full in cash of all the Obligations, the Other Liabilities and the Canadian Liabilities after the termination of all Commitments to any Loan Party under any Loan Document. The Agents and the other Credit Parties may, at their election,
foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations, the Other Liabilities and the
Canadian Liabilities, make any other accommodation with any other Loan Party, or exercise any other right or remedy available to them against any other Loan Party, without affecting or impairing in any way the liability of any Loan Party hereunder
except to the extent that all the Obligations, the Other Liabilities and the Canadian Liabilities have been indefeasibly paid in full in cash and performed in full after the termination of Commitments to any Loan Party under any Loan Document.
Pursuant to Applicable Law, each Loan Party waives any defense arising out of any such election even though such election operates, pursuant to Applicable Law, to impair or to extinguish any right of reimbursement or subrogation or other right or
remedy of such Loan Party against any other Loan Party, as the case may be, or any security. 
 (d) Except as
otherwise specifically provided herein, each Domestic Borrower is obligated to repay the Obligations and the Other Liabilities as joint and several obligors under this Agreement. Upon payment by any Loan Party of any Obligations, Other Liabilities
or the Canadian Liabilities, all rights of such Loan Party against any other Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior
in right of payment to the prior payment in full in cash of all the Obligations (other than contingent indemnity obligations for then unasserted claims), the Other Liabilities and the Canadian Liabilities (other than contingent indemnity obligations
for then unasserted 
  

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claims) and the termination of all Commitments to any Loan Party under any Loan Document. If any amount shall erroneously be paid to any Loan Party on account of (i) such subrogation,
contribution, reimbursement, indemnity or similar right or (ii) any such indebtedness of any Loan Party, such amount shall be held in trust for the benefit of the Credit Parties and shall forthwith be paid to the Administrative Agent or the
Canadian Agent, as applicable, to be credited against the payment of the Obligations, the Other Liabilities and the Canadian Liabilities, as applicable, whether matured or unmatured, in accordance with the terms of this Agreement and the other Loan
Documents. Subject to the foregoing, to the extent that any Domestic Loan Party shall, under this Agreement as a joint and several obligor, repay any of the Obligations, the Other Liabilities or Canadian Liabilities constituting Revolving Credit
Loans made to another Loan Party hereunder (an “Accommodation Payment”), then the Domestic Loan Party making such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each of the
other Domestic Loan Parties (or the Canadian Loan Parties, if applicable) in an amount, (x) for each of such other Domestic Loan Parties, equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Domestic
Loan Party’s Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Domestic Loan Parties, or (y) for each Canadian Loan Party, in an amount equal to such Accommodation Payment. As of any date of
determination, the “Allocable Amount” of each Domestic Loan Party shall be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Domestic Loan Party hereunder without
(a) rendering such Domestic Loan Party “insolvent” within the meaning of Section 101 (31) of the Bankruptcy Code, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the
Uniform Fraudulent Conveyance Act (“UFCA”), (b) leaving such Domestic Loan Party with unreasonably small capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or
Section 5 of the UFCA, or (c) leaving such Domestic Loan Party unable to pay its debts as they become due within the meaning of Section 548 of the Bankruptcy Code or Section 4 of the UFTA, or Section 5 of the UFCA.

 (e) Without limiting the generality of the foregoing, or of any other waiver or other provision set forth in
this Agreement, each Loan Party waives all rights and defenses arising out of an election of remedies by any Credit Party, even though that election of remedies, such as a nonjudicial foreclosure with respect to security for a guaranteed obligation,
has destroyed such Credit Party’s rights of subrogation and reimbursement against such Loan Party by the operation of Section 580(d) of the California Code of Civil Procedure or otherwise. Each Loan Party waives all rights and defenses
that such Loan Party may have because the Obligations and Other Liabilities are secured by Real Property which means, among other things: (i) a Credit Party may collect from any Loan Party without first foreclosing on any Real Property or
personal property Collateral pledged by a Loan Party; (ii) if any Credit Party forecloses on any Real Property pledged by any Loan Party, the amount of the Obligations and Other Liabilities may be reduced only by the price for which that Real
Property is sold at the foreclosure sale, even if the Real Property is worth more than the sale price; and (iii) the Credit Parties may collect Obligations and Other Liabilities from a Loan Party even if a Credit Party, by foreclosing on any
such Real Property, has destroyed any right any Loan Party 
  

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may have to collect from the other Loan Parties. This is an unconditional and irrevocable waiver of any rights and defenses any Loan Party may have because the Obligations and Other Liabilities
are secured by Real Property. These rights and defenses include, but are not limited to, any rights or defenses based upon Section 580a, 580b, 580d or 726 of the California Code of Civil Procedure. Each Loan Party hereby absolutely, knowingly,
unconditionally, and expressly waives any and all claim, defense or benefit arising directly or indirectly under any one or more of Sections 2787 to 2855 inclusive of the California Civil Code or any similar law of California. 

(f) Each Loan Party hereby agrees to keep each other Loan Party fully apprised at all times as to the status of its
business, affairs, finances, and financial condition, and its ability to perform its Obligations under the Loan Documents and the Other Liabilities, and in particular as to any adverse developments with respect thereto. Each Loan Party hereby agrees
to undertake to keep itself apprised at all times as to the status of the business, affairs, finances, and financial condition of each other Loan Party, and of the ability of each other Loan Party to perform its Obligations under the Loan Documents
and the Other Liabilities, and in particular as to any adverse developments with respect to any thereof. Each Loan Party hereby agrees, in light of the foregoing mutual covenants to inform each other, and to keep themselves and each other informed
as to such matters, that the Credit Parties shall have no duty to inform any Loan Party of any information pertaining to the business, affairs, finances, or financial condition of any other Loan Party, or pertaining to the ability of any other Loan
Party to perform its Obligations under the Loan Documents and the Other Liabilities, even if such information is adverse, and even if such information might influence the decision of one or more of the Loan Parties to continue to be jointly and
severally liable for, or to provide Collateral for, Obligations or Other Liabilities of one or more of the other Loan Parties. To the fullest extent permitted by applicable law, each Loan Party hereby expressly waives any duty of the Credit Parties
to inform any Loan Party of any such information. 
 SECTION 9.15 Confidentiality. 

Each of the Credit Parties agrees to maintain the confidentiality of the Information (as defined below), except that Information may be
disclosed (a) to their and their Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the
confidential nature of such Information and agree to keep such Information confidential), (b) to the extent requested by any regulatory authority, (c) to the extent required by Applicable Law or by any subpoena or similar legal process
(the Credit Parties’ agreeing to furnish the Lead Borrower with notice of such process and an opportunity to contest such disclosure as long as furnishing such notice and opportunity would not result in the Credit Parties’ violation of
Applicable Law), (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights
hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this SECTION 9.15, to any assignee of, or Participant in, or any prospective assignee of or Participant in, any of its rights or
obligations under this Agreement and any actual or prospective counterparty or advisors to any swap or derivative transactions relating to the Loan Parties, the Canadian Liabilities, the Other Liabilities

  

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and the Obligations so long as such Person or any of their Affiliates is not a competitor of any Loan Party, (g) with the consent of the Loan Parties, or (h) to the extent such
Information (i) becomes publicly available other than as a result of a breach of this SECTION 9.15, or to the knowledge of such Credit Party, the breach of any other Person’s obligation to keep the information confidential, or
(ii) becomes available any Credit Party on a non-confidential basis from a source other than the Loan Parties. For the purposes of this SECTION 9.15, the term “Information” means all information received from or on behalf of the Loan
Parties or any of their Affiliates relating to their business. Any Person required to maintain the confidentiality of Information as provided in this SECTION 9.15 shall be considered to have complied with its obligation to do so if such Person has
exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Each Lender acknowledges that information furnished to it pursuant to this Agreement or the other Loan Documents, including conference
calls or meetings with the Loan Parties to review their earnings and other information, may include material non-public information concerning the Loan Parties and their Subsidiaries and Affiliates and their related parties or their respective
securities, and confirms that it has developed compliance procedures regarding the use of material non-public information and that it will handle such material non-public information in accordance with those procedures and applicable law, including
federal and state securities laws. 
 All information, including requests for waivers and amendments, furnished by the Loan
Parties or the Administrative Agent pursuant to, or in the course of administering, this Agreement or the other Loan Documents, including conference calls or meetings with the Loan Parties to review their earnings and other information, will be
syndicate-level information, which may contain material non-public information about the Loan Parties and their Subsidiaries and Affiliates and their related parties or their respective securities. Accordingly, each Lender represents to the Loan
Parties and the Administrative Agent that it has identified in its administrative questionnaire a credit contact who may receive information that may contain material non-public information in accordance with its compliance procedures and applicable
law, including federal and state securities laws. 
 SECTION 9.16 Patriot Act; Proceeds of Crime Act. 

Each Lender hereby notifies the Loan Parties 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”) (including all applicable “know your customer” rules, regulations and procedures applicable to such Lender in Canada), it is required to obtain, verify and record
information that identifies the Loan Parties, which information includes the name and address of each Loan Party and other information that will allow such Lender to identify such Loan Party in accordance with the Act. Each Loan Party is in
compliance, in all material respects, with the Patriot Act and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada) (the “Proceeds of Crime Act”). No part of the proceeds of the Loans will be used by
the Loan Parties, directly or indirectly, for any purpose which would contravene or breach the Proceeds of Crime Act or for any payments to any governmental official or employee, political party, official of a political party, candidate for
political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. 

 

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 SECTION 9.17 Foreign Asset Control Regulations. 

Neither of the advance of the Revolving Credit Loans, nor the use of the proceeds of any thereof, will violate the Trading With the Enemy
Act (50 U.S.C. § 1 et seq., as amended) (the “Trading With the Enemy Act”) or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) (the
“Foreign Assets Control Regulations”) or any enabling legislation or executive order relating thereto (which for the avoidance of doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21,
2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)) (the “Executive Order”) and (b) the Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)). Furthermore, none of the Borrowers or their Affiliates (a) is or will become a “blocked person” as described in the Executive
Order, the Trading With the Enemy Act or the Foreign Assets Control Regulations or (b) knowingly engages or will engage in any dealings or transactions, or be otherwise associated, with any such “blocked person” or in any manner
violative of any such order. 
 SECTION 9.18 Limitation Of Canadian Loan Parties’ Liability. 

Notwithstanding anything to the contrary herein contained, the liability of the Canadian Loan Parties hereunder and under any other Loan
Documents shall be limited to the Canadian Liabilities, and the Canadian Loan Parties shall have no liability whatsoever under the Loan Documents with respect to any other Obligations or Other Liabilities of the Domestic Borrowers. 

SECTION 9.19 Judgment Currency. 

(a) If, for the purpose of obtaining or enforcing judgment against the Canadian Borrower in any court in any jurisdiction,
it becomes necessary to convert into any other currency (such other currency being hereinafter in this SECTION 9.19 referred to as the “Judgment Currency”) an amount due in CD$ or dollars under this Agreement, the conversion will be
made at the rate of exchange prevailing on the Business Day immediately preceding: 
 (i) the date of actual
payment of the amount due, in the case of any proceeding in the courts of the Province of Ontario or in the courts of any other jurisdiction that will give effect to such conversion being made on such date; or 

(ii) the date on which the judgment is given, in the case of any proceeding in the courts of any other jurisdiction (the
date as of which such conversion is made pursuant to this SECTION 9.19 being hereinafter in this SECTION 9.19 referred to as the “Judgment Conversion Date”). 

(b) If, in the case of any proceeding in the court of any jurisdiction referred to in SECTION 9.19(a)(ii), there is a
change in the rate of exchange prevailing between the 
  

 172 

 
Judgment Conversion Date and the date of actual payment of the amount due, the Canadian Borrower will pay such additional amount (if any, but in any event not a lesser amount) as may be necessary
to ensure that the amount paid in the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment, will produce the amount of CD$ or dollars, as the case may be, which could have been purchased with the amount of
Judgment Currency stipulated in the judgment or judicial order at the rate of exchange prevailing on the Judgment Conversion Date. 

(c) Any amount due from the Canadian Borrower under the provisions of this SECTION 9.19 will be due as a separate debt and
will not be affected by judgment being obtained for any other amounts due under or in respect of this Agreement. 

(d) The term “rate of exchange” in this SECTION 9.19 means: 

(i) for a conversion of CD$ to the Judgment Currency, the reciprocal of the official noon rate of exchange published by
the Bank of Canada for the date in question for the conversion of the Judgment Currency to CD$; 
 (ii) for a
conversion of dollars to the Judgment Currency when the Judgment Currency is CD$, the official noon rate of exchange published by the Bank of Canada for the date in question for the conversion of dollars to CD$; 

(iii) for a conversion of dollars to the Judgment Currency when the Judgment Currency is not CD$, the effective rate
obtained when a given amount of dollars is converted to CD$ at the rate determined pursuant to this SECTION 9.19 and the result thereof is then converted to the Judgment Currency pursuant to this SECTION 9.19; or 

(iv) if a required rate is not so published by the Bank of Canada for any such date, the spot rate quoted by the Canadian
Agent at Toronto, Canada at approximately noon (Toronto time) on that date in accordance with its normal practice for the applicable currency conversion in the wholesale market. 

SECTION 9.20 Language. 

The parties herein have expressly requested that this Agreement and all related documents be drawn up in the English language. A la
demande expresse des parties aux présentes, cette convention et tout document y afférent ont été rédigés en langue anglaise. 

SECTION 9.21 Existing Credit Agreement Amended and Restated. Upon satisfaction of the conditions precedent to the effectiveness of
this Agreement, (a) this Agreement shall amend and restate the Existing Credit Agreement in its entirety (except to the extent that definitions from the Existing Credit Agreement are incorporated herein by reference) and (b) the rights and
obligations of the parties under the Existing Credit Agreement shall be subsumed within, and be governed by, this Agreement; provided, however, that the Loan Parties hereby agree that (i) the Letter of Credit Outstandings under,
and as defined in, the Existing Credit Agreement on the Effective Date shall be Letter of Credit Outstandings hereunder, and (ii) all Obligations and Other Liabilities of the Loan Parties under, and as defined in, the Existing

  

 173 

 
Credit Agreement shall remain outstanding, shall constitute continuing Obligations and Other Liabilities secured by the Collateral, and this Agreement shall not be deemed to evidence or result in
a novation or repayment and reborrowing of such obligations and other liabilities. 
 [SIGNATURE PAGES FOLLOW] 

 

 174 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as a sealed instrument as of the day and year first above written. 
  

			
	TOYS “R” US-DELAWARE, INC., as Lead Borrower
		
	 By:
	 	     /s/ Adil Mistry

	 Name: Adil Mistry

	 Title:   Vice President – Treasurer

			
	 TOYS “R” US (CANADA) LTD.

TOYS “R” US (CANADA) LTEE, as a Canadian Borrower, as Lead Borrower

		
	 By:
	 	     /s/ Adil Mistry

	Name: Adil Mistry
	Title:   Vice President – Treasurer

			
	GEOFFREY HOLDINGS, LLC, as a Facility Guarantor
	
	By: TOYS “R” US-DELAWARE, INC., its sole member
		
	By:	 	     /s/ Adil Mistry

	Name: Adil Mistry
	Title:   Vice President – Treasurer

  

			
	TRU-SVC, LLC, as a Facility Guarantor
		
	 By:
	 	     /s/ Joel Wiest

	Name: Joel Wiest
	Title:   Manager

  

			
	TOYS ACQUISITION, LLC, as a Facility Guarantor
		
	By:	 	     /s/ Adil Mistry

	Name: Adil Mistry
	Title:   Vice President – Treasurer

  

			
	TRU OF PUERTO RICO, INC., as a Facility Guarantor
		
	By:	 	     /s/ Adil Mistry

	Name: Adil Mistry
	Title:   Vice President – Treasurer

  

			
	BANK OF AMERICA, N.A., as Administrative Agent, as Swingline Lender, as an Issuing Bank, as a Co-Collateral Agent and as a Domestic Lender
		
	By:	 	     /s/ Joseph Becker

	Name:	 	Joseph Becker
	Title:	 	Managing Partner
	
	 Address:
 100
Federal Street, 9th Floor

Boston, Massachusetts 02110

	
	 Attn:
 Telephone:

 Telecopy:

  

					
	BANK OF AMERICA, N.A. (acting through it Canada branch), as Canadian Agent, as Swingline Lender, as an Issuing Bank, and as a Canadian Lender
		
	By:	 	     /s/ Medina Sales de Andrade

	Name: Medina Sales de Andrade
	Title:   Vice President

  

	
	Address:
	200 Front Street West, Suite 2700
	Toronto, Ontario M5V 3L2
	Canada

			
		
	Attn:	 	Medina Sales de Andrade
	Telephone:	 	416-349-5433
	Telecopy:	 	416-349-4282/3

			
	WELLS FARGO RETAIL FINANCE, LLC, as a Co-Collateral Agent, as a Co-Syndication Agent, as an Issuing Bank, and as a Domestic Lender
		
	By:	 	     /s/ Jason B. Searle

	
	Name: Jason B. Searle
	Title:   Director

  

	
	 Address:

	 One Boston Place,
18th Floor

	 Boston, MA 02108

 

			
	Attn:	 	Portfolio Manager – Toys “R” Us
	Telephone:	 	617-854-7225
	Telecopy:	 	617-523-4032

			
	WELLS FARGO FINANCIAL CORPORATION CANADA, as a Canadian Lender
		
	By:	 	     /s/ Jennifer Cann

	
	Name: Jennifer Cann
	Title:   Managing Director

  

			
	Address:
	One Boston Place,
18th Floor
	Boston, MA 02108

  

			
	Attn:	 	Portfolio Manager – Toys “R” Us
	Telephone:	 	617-854-7225
	Telecopy:	 	617-523-4032

			
	JPMORGAN CHASE BANK, N.A., as a Co-Syndication Agent, as an Issuing Bank, and as a Domestic Lender
		
	By:	 	     /s/ Eric H. Pratt

	
	Name: Eric H. Pratt
	Title:   Vice President

  

	
	 Address:

	 JPMorgan Chase

	 JPM-Delaware Loan Operations

	 500 Stanton Christiana Road, Ops 2/3

	 Newark, DE 19713

 

			
	Attn:	 	Shira Tymes/Robert Diaz
	Telephone:	 	302-634-1843/302-634-4042
	Telecopy:	 	201-244-3885

			
	JPMORGAN CHASE BANK, N.A. TORONTO, as a Canadian Lender
		
	By:	 	     /s/ Eric H. Pratt

	
	Name: Eric H. Pratt
	Title:   Vice President
	
	Address:
	JPMorgan Chase
	JPM-Delaware Loan Operations
	500 Stanton Christiana Road, Ops 2/3
	Newark, DE 19713

 

			
	Attn:	 	Shira Tymes/Robert Diaz
	Telephone:	 	302-634-1843/302-634-4042
	Telecopy:	 	201-244-3885

			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Domestic Lender
		
	By:	 	     /s/ Nupur Kumar

	
	Name: Nupur Kumar
	Title:   Vice President
		
	By:	 	     /s/ Kevin Buddhdew

	
	Name: Kevin Buddhdew
	Title:   Associate

  

	
	 Address:

	 Eleven Madison Avenue

	 New York, NY 10010

 

			
	Attn:	 	Shaheen Malik
	Telephone:	 	212-538-4047
	Telecopy:	 	212-322-0420

			
	GOLDMAN SACHS LENDING PARTNERS LLC, as a Domestic Lender
		
	By:	 	     /s/ Mark Walton

	
	Name: Mark Walton
	Title:   Authorized Signatory

  

	
	 Address:

 

	
	 Attn:

	 Telephone:

	 Telecopy:

			
	CITIBANK GLOBAL MARKETS, INC., as Co-Documentation Agent
		
	By:	 	     /s/ Miles D. McManus

	
	Name: Miles D. McManus
	Title:   Vice President and Director

 

	
	 Address:

	 390 Greenwich Street

	
1st Floor

	 New York, NY 10013

 

			
	Attn:	 	Miles D. McManus
	Telephone:	 	212-723-4485
	Telecopy:	 	646-328-3779

			
	CITIBANK, N.A., as a Domestic Lender
		
	By:	 	     /s/ Brendan Mackay

	
	Name: Brendan Mackay
	Title:   Vice President

  

	
	 Address:

	 390 Greenwich Street

	
1st Floor

	 New York, NY 10013

 

			
	Attn:	 	Brendan Mackay
	Telephone:	 	212-723-4822
	Telecopy:	 	646-291-3363

			
	DEUTSCHE BANK AG NEW YORK BRANCH, as a Co-Documentation Agent, as an Issuing Bank, and as a Domestic Lender
		
	By:	 	     /s/ Scottye Lindsey

	
	Name: Scottye Lindsey
	Title:   Director
		
	By:	 	     /s/ Omayra Laucella

	
	Name: Omayra Laucella
	Title:   Vice President

 

	
	 Address:

	 60 Wall Street

	 NYC60-0219

	 New York, NY 10005

 

			
	 Attn:
	 	
	 Telephone:
	 	
	 Telecopy:
	 	

			
	DEUTSCHE BANK AG CANADA BRANCH, as a Canadian Lender
		
	By:	 	     /s/ Rod O’Hara

	
	Name: Rod O’Hara
	Title:   Director
		
	By:	 	     /s/ Marcellus Leung

	
	Name: Marcellus Leung
	Title:   Assistant Vice President

  

	
	 Address:

	 Deutsche Bank

	 199 Bay Street, Suite 4700

	 Commerce Court West, Box 263

	 Toronto, Ontario M5L 1E9

	 Canada

 

	
	 Attn:

	 Telephone:

	 Telecopy:

			
	U.S. BANK National Association, as a Domestic Lender
		
	By:	 	     /s/ Christopher Fudge

	
	Name: Christopher Fudge
	Title:   AVP

  

	
	 Address:

	 425 Walnut Street,
14th Floor

	 Cincinnati, OH 45202

 

			
	 Attn:
	 	 Christopher Fudge

	 Telephone:
	 	 513-632-2096

	Telecopy:	 	513-632-2040

			
	HSBC BUSINESS CREDIT (USA) INC., as a Domestic Lender
		
	By:	 	     /s/ Robert F. Mello

	
	Name: Robert F. Mello
	Title:   Vice President

  

	
	 Address:

	 452 Fifth Avenue, Floor 4

	 New York, NY 10018

 

			
	Attn:	 	Robert F. Mello
	Telephone:	 	212-525-4371
	Telecopy:	 	212-525-2520

			
	HSBC BANK CANADA, as a Canadian Lender
		
	By:	 	     /s/ Dave Irving

	
	Name: Dave Irving
	Title:   Assistant Vice President
		
	By:	 	     /s/ Franca Colacci

	
	Name: Franca Colacci
	Title:   Senior Account Manager

  

	
	Address:
	 HSBC Bank Canada

	 3601 Highway #7 East

	 Markham, Ontario L3R 0M3

	 Canada

  

			
	Attn:	 	Dave Irving
	Telephone:	 	905-475-1842
	Telecopy:	 	905-475-5957

			
	CIT BANK, as Domestic Lender
		
	By:	 	     /s/ Benjamin Haslam

	
	Name: Benjamin Haslam
	Title:   Authorized Signatory

  

	
	 Address:

	 2180 South 1300 East, Suite 350

	 Salt Lake City, UT 84106

 

			
	Attn:	 	Portfolio Manager
	Telephone:	 	801-464-3516
	Telecopy:	 	801-464-3524

			
	REGIONS BANK, as a Domestic Lender
		
	By:	 	     /s/ Kevin R. Rogers

	
	Name: Kevin R. Rogers
	Title:   Attorney-In-Fact

  

	
	 Address:

	 599 Lexington Avenue,
45th Floor

	 New York, NY 10022

 

			
	Attn:	 	Kevin R. Rogers
	Telephone:	 	212-935-2237
	Telecopy:	 	212-935-7458

			
	BURDALE CAPITAL FINANCE, INC., as a Domestic Lender
		
	By:	 	     /s/ David Grende

	
	Name: David Grende
	Title:   CEO
		
	By:	 	     /s/ Antimo Barbieri

	
	Name: Antimo Barbieri
	Title:   Senior Vice President

  

	
	 Address:

	 300 First Stamford Place

	 Stamford, CT 06902

	
	 Attn:

	 Telephone:

	 Telecopy:

			
	SUNTRUST BANK, as a Domestic Lender
		
	By:	 	     /s/ J. Haynes Gentry III

	
	Name: J. Haynes Gentry III
	Title:   Director

  

	
	 Address:

	 303 Peachtree Street,
23rd Floor

	 Atlanta, GA 30308

 

			
	Attn:	 	Toys “R” Us Account Manager
	Telephone:	 	404-230-1965
	Telecopy:	 	404-813-5890

			
	PNC BANK, NATIONAL ASSOCIATION, as a Domestic Lender
		
	By:	 	     /s/ Sam O’Donnell

	
	Name: Sam O’Donnell
	Title:   Assistant Vice President

  

	
	 Address:

	 340 Madison Avenue,
11th Floor

	 New York, NY 10173

 

	
	 Attn:

	 Telephone:

	 Telecopy:

			
	CAPITAL ONE LEVERAGE FINANCE, CORP, as a Domestic Lender
		
	By:	 	     /s/ Michael Burns

	
	Name: Michael Burns
	Title:   SVP

 

	
	Address:
	 265 Broadhollow Road

	 Melville, NY 11747

 

			
	Attn:	 	Robert Wallace
	Telephone:	 	631-531-2791
	Telecopy:	 	631-531-2765

			
	SUMITOMO MITSUI BANKING CORPORATION, as a Domestic Lender
		
	By:	 	     /s/ David A. Buck

	
	Name: David A. Buck
	Title:   Group Head and Manager

  

	
	 Address:

	 277 Park Avenue

	 New York, NY 10172

 

			
	Attn:	 	Ryan Song
	Telephone:	 	212-224-4386
	Telecopy:	 	212-224-5198

			
	UPS CAPITAL CORPORATION, as a Domestic Lender
		
	By:	 	     /s/ William Talbot

	
	Name: William Talbot
	Title:   Director, Portfolio Management

 

	
	 Address:

	 35 Glenlake Parkway

	 Atlanta, GA 30328

 

			
	Attn:	 	David Holland
	Telephone:	 	404-828-8965
	Telecopy:	 	404-828-4350

			
	ALLIED IRISH BANKS, P.L.C., as a Domestic Lender
		
	By:	 	     /s/ Martin Chin

	
	Name: Martin Chin
	Title:   Senior Vice President
		
	By:	 	     /s/ Brent Phillips

	
	Name: Brent Phillips
	Title:   Vice President

  

	
	 Address:

	 601 S. Figueroa Street

	 Suite 4650

	 Los Angeles, CA 90017

 

			
	Attn:	 	Kevin Toda
	Telephone:	 	213-593-4764
	Telecopy:	 	213-593-4766

 Exhibit A-1 

Form of Assignment and Acceptance 

(Domestic Lenders) 
  

 
 ASSIGNMENT AND ACCEPTANCE 

 
  

Reference is made to the Second Amended and Restated Credit Agreement dated as of August     , 2010 (as
modified, amended, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and between, among others: (i) Toys “R” Us-Delaware, Inc., as a Domestic Borrower and as agent (in such capacity,
the “Lead Borrower”) for the other Domestic Borrowers party thereto (collectively, with the Lead Borrower, the “Domestic Borrowers”), (ii) the Domestic Borrowers, (iii) Toys “R” Us (Canada) Ltd.
Toys “R” Us (Canada) Ltee (the “Canadian Borrower” and, collectively with the Domestic Borrowers, the “Borrowers”), (iv) the Facility Guarantors party thereto, (v) Bank of America, N.A., as
Administrative Agent (in such capacity, the “Administrative Agent”) for its own benefit and the benefit of the other Secured Parties, (vi) Bank of America, N.A. (acting through its Canada branch), as Canadian Administrative
Agent (in such capacity, the “Canadian Agent”) for its own benefit and the benefit of the other Secured Parties, (vii) Bank of America, N.A. and Wells Fargo Retail Finance, LLC, as Co-Collateral Agents for their own benefit and
the benefit of the other Secured Parties, and (viii) the Lenders party thereto (the “Lenders”). Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Credit Agreement.

                      
                   (the “Assignor”) and
                                 (the “Assignee”) agree as
follows: 
  

	1.	The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, that interest in and to the Assignor’s
rights and obligations as a Domestic Lender under the Credit Agreement as of the date hereof which represents the applicable percentage interest(s) specified on Schedule I hereto of all outstanding rights and obligations of the Domestic
Lenders under the Credit Agreement (including, without limitation, such interest in each of the Assignor’s outstanding Domestic Commitments, if any, and the Domestic Loans (and related Obligations) owing to it). After giving effect to such sale
and assignment, the Assignor’s and the Assignee’s Domestic Commitments and the amount of the Domestic Loans owing to the Assignor and the Assignee and the amount of Letters of Credit participated in by the Assignor and the Assignee will be
as set forth in Section 2 of Schedule I hereto. 

  

	2.	 The Assignor (a) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such
interest is free and clear of any adverse claim and that it is legally authorized to enter into this Assignment and 

	 	 
Acceptance; (b) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in, or in connection with, the Credit
Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other Loan Document or any
other instrument or document furnished pursuant thereto; (c) makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Loan Party or the performance or observance by any Loan Party of any
of their respective obligations under the Credit Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto; and (d) confirms, in the case of an Assignee who is not a Lender or an Affiliate of a Lender,
the amount of the Domestic Commitment or Domestic Loans subject to this Assignment and Acceptance is not less than $10,000,000.00. 

  

	3.	The Assignee (a) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements referred to in Section 5.01
thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance; (b) agrees that it will, independently and without reliance upon the
Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement;
(c) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers
as are reasonably incidental thereto; (d) agrees that it will perform in accordance with their terms all of the obligations which, by the terms of the Credit Agreement, are required to be performed by it as a Domestic Lender; (e) specifies
as its lending office (and address for notices) the office set forth beneath its name on the signature pages hereof; (f) agrees that if the Assignee is a Foreign Lender entitled to an exemption from or reduction in withholding tax it shall
deliver to the Lead Borrower and the Administrative Agent two copies of either United States Internal Revenue Service Form W-8BEN, Form W-8ECI or Form W-8IMY (together with any applicable underlying forms), or any subsequent versions thereof or
successors thereto, or, in the case of a Foreign Lender claiming exemption from or reduction in U.S. federal withholding tax under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio interest”, (i) the
applicable Form W-8BEN, or any subsequent versions thereof or successors thereto and (ii) a certificate representing that such Foreign Lender is not (A) a bank for purposes of Section 881(c) of the Code, (B) is not a 10-percent
shareholder (within the meaning of Section 871(h)(3)(B) of the Code) of any Loan Party (other than the Canadian Borrower and its Subsidiaries) and (C) is not a controlled foreign corporation related to the Loan Parties (other than the
Canadian Borrower and its Subsidiaries) (within the meaning of Section 864(d)(4) of the Code)); and (g) represents and warrants that it is an Eligible Assignee. 

	4.	Following the execution of this Assignment and Acceptance by the Assignor and the Assignee, it will be delivered, together with (unless waived by the Administrative
Agent or unless such assignment is to an Affiliate of a Lender) a processing and recordation fee of $3,500, to the Administrative Agent for acceptance by the Administrative Agent and recording by the Administrative Agent. The effective date of this
Assignment and Acceptance shall be the date of acceptance thereof by the Administrative Agent, unless otherwise specified on Schedule I hereto (the “Effective Date”). 

 

	5.	Upon such acceptance by the Administrative Agent and acceptance by the Lead Borrower (unless an Enumerated Default has occurred and is continuing or the interest
assigned by this Assignment and Acceptance is being assigned to another Lender or to an Affiliate of a Lender) and recording by the Administrative Agent, from and after the Effective Date, (a) the Assignee shall be a party to the Credit
Agreement and, to the extent of the interest assigned by this Assignment and Acceptance, shall have the rights and obligations under the Credit Agreement of a Domestic Lender thereunder, and (b) the Assignor shall, to the extent of the interest
assigned by this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Credit Agreement, except as otherwise provided in Section 9.04 of the Credit Agreement. 

 

	6.	Upon such acceptance and recording by the Administrative Agent, from and after the Effective Date, the Administrative Agent shall make all payments under the Credit
Agreement in respect of the interest assigned hereby (including, without limitation, all payments of principal, interest and fees with respect thereto) to the Assignee. The Assignor and Assignee shall make all appropriate adjustments in payments
under the Credit Agreement for periods prior to the Effective Date directly between themselves. 

  

	7.	This Assignment and Acceptance shall be governed by, and be construed in accordance with, the laws of the State of New York. 

[SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Acceptance to be
executed by their respective officers thereunto duly authorized, as of the date first above written. 
  

			
	 [ASSIGNOR]

		
	 By:
	 	  

			
	 Name:
	 	  

			
	 Title:
	 	  

			
	
	 [ASSIGNEE]

		
	 By:
	 	  

			
	 Name:
	 	  

			
	 Title:
	 	  

 

			
	 Lending Office (and address for notices):

		
	 [Address]
	 	

 Accepted this      day 

of             ,          

 

			
	 BANK OF AMERICA, N.A.,

	 as Administrative Agent

		
	 By:
	 	  

			
	 Name:
	 	  

			
	 Title:
	 	  

 Acknowledged and, to the extent required under the Credit Agreement, consented to, this
     day of             ,          

 

			
	TOYS “R” US-DELAWARE, INC.,
	as Lead Borrower
		
	By:	 	  

			
	Name:	 	  

			
	Title:	 	  

 Schedule I 

to 
 Assignment
and Acceptance 
 Dated             ,
         
  

					
	 Section 1.
	  			
		
	 Domestic Commitment Percentage:
	  	 	    	% 
		
	 Commitment Percentage:
	  	 	    	% 
		
	 Section 2.
	  			
		
	 Assignor’s Domestic Commitment:
	  	$	            	  
		
	 Assignor’s Commitment:
	  	$	            	  
		
	 Assignee’s Domestic Commitment:
	  	$	            	  
		
	 Assignee’s Commitment:
	  	$	            	  
		
	 Aggregate Outstanding Principal Amount of Domestic Loans Owing to Assignor:
	  	$	            	  
		
	 Aggregate Outstanding Principal Amount of Domestic Loans Owing to Assignee:
	  	$	            	  
		
	 Aggregate Participations by Assignor in Letters of Credit:
	  	$	            	  
		
	 Aggregate Participations by Assignee in Letters of Credit:
	  	$	            	  
		
	 Section 3.
	  			
		
	 Effective Date:
	  	 	            ,         	  

 Exhibit A-2 

Form of Assignment and Acceptance (Canadian Lenders) 

 
  

ASSIGNMENT AND ACCEPTANCE 
  

 
 Reference is made to the Second
Amended and Restated Credit Agreement dated as of August     , 2010 (as modified, amended, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and between, among others
(i) Toys “R” Us-Delaware, Inc., as a Domestic Borrower and as agent (in such capacity, the “Lead Borrower”) for the other Domestic Borrowers party thereto (collectively, with the Lead Borrower, the “Domestic
Borrowers”), (ii) the Domestic Borrowers, (iii) Toys “R” Us (Canada) Ltd. Toys “R” Us (Canada) Ltee (the “Canadian Borrower” and, collectively with the Domestic Borrowers, the
“Borrowers”), (iv) the Facility Guarantors party thereto, (v) Bank of America, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) for its own benefit and the benefit of the other
Secured Parties, (vi) Bank of America, N.A. (acting through its Canada branch), as Canadian Administrative Agent (in such capacity, the “Canadian Agent”) for its own benefit and the benefit of the other Secured Parties,
(vii) Bank of America, N.A. and Wells Fargo Retail Finance, LLC, as Co-Collateral Agents for their own benefit and the benefit of the other Secured Parties, and (viii) the Lenders party thereto (the “Lenders”). Capitalized
terms used herein and not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

                      
                   (the “Assignor”) and
                             (the “Assignee”) agree as follows: 

 

	1.	The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, that interest in and to the Assignor’s
rights and obligations as a Canadian Lender under the Credit Agreement as of the date hereof which represents the applicable percentage interest(s) specified on Schedule I hereto of all outstanding rights and obligations of the Canadian
Lenders under the Credit Agreement (including, without limitation, such interest in each of the Assignor’s outstanding Canadian Commitments, if any, and Loans to the Canadian Borrower (and related Obligations) owing to it). After giving effect
to such sale and assignment, the Assignor’s and the Assignee’s Canadian Commitments and the amount of the Loans to the Canadian Borrower owing to the Assignor and the Assignee and the amount of Letters of Credit participated in by the
Assignor and the Assignee will be as set forth in Section 2 of Schedule I hereto. 

  

	2.	 The Assignor (a) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such
interest is free and clear of any adverse claim and that it is legally authorized to enter into this Assignment and 

	 	 
Acceptance; (b) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in, or in connection with, the Credit
Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other Loan Document or any
other instrument or document furnished pursuant thereto; (c) makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Loan Party or the performance or observance by any Loan Party of any
of their respective obligations under the Credit Agreement or any other Loan Document or any other instrument or document furnished pursuant thereto; and (d) confirms, in the case of an Assignee who is not a Lender or an Affiliate of a Lender,
the amount of the Canadian Commitment or Loans to the Canadian Borrower subject to this Assignment and Acceptance is not less than $10,000,000.00. 

  

	3.	The Assignee (a) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements referred to in Section 5.01
thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance; (b) agrees that it will, independently and without reliance upon the
Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement;
(c) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement as are delegated to the Administrative Agent by the terms thereof, together with such powers
as are reasonably incidental thereto; (d) agrees that it will perform in accordance with their terms all of the obligations which, by the terms of the Credit Agreement, are required to be performed by it as a Canadian Lender; (e) specifies
as its lending office (and address for notices) the office set forth beneath its name on the signature pages hereof; (f) until the occurrence of a Substantial Liquidation or the Determination Date, agrees to deliver to the Canadian Borrower and
the Canadian Agent a certificate as to whether such Person is a resident of Canada for purposes of Part XIII of the Income Tax Act (Canada) or that payments of interest to it by the Canadian Borrower are otherwise exempt from withholding taxes; and
(g) represents and warrants that it is an Eligible Assignee. 

  

	4.	Following the execution of this Assignment and Acceptance by the Assignor and the Assignee, it will be delivered, together with (unless waived by the Administrative
Agent or unless such assignment is to an Affiliate of a Lender) a processing and recordation fee of $3,500, to the Administrative Agent for acceptance by the Administrative Agent and recording by the Administrative Agent. The effective date of this
Assignment and Acceptance shall be the date of acceptance thereof by the Administrative Agent, unless otherwise specified on Schedule I hereto (the “Effective Date”). 

 

	5.	 Upon such acceptance by the Administrative Agent and acceptance by the Lead Borrower (unless an Enumerated Default has occurred and is continuing or
the interest assigned by 

	 	 
this Assignment and Acceptance is being assigned to another Lender or to an Affiliate of a Lender) and recording by the Administrative Agent, from and after the Effective Date, (a) the
Assignee shall be a party to the Credit Agreement and, to the extent of the interest assigned by this Assignment and Acceptance, shall have the rights and obligations under the Credit Agreement of a Canadian Lender thereunder, and (b) the
Assignor shall, to the extent of the interest assigned by this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Credit Agreement, except as otherwise provided in Section 9.04 of the Credit
Agreement. 

  

	6.	Upon such acceptance and recording by the Administrative Agent, from and after the Effective Date, the Administrative Agent shall make all payments under the Credit
Agreement in respect of the interest assigned hereby (including, without limitation, all payments of principal, interest and fees with respect thereto) to the Assignee. The Assignor and Assignee shall make all appropriate adjustments in payments
under the Credit Agreement for periods prior to the Effective Date directly between themselves. 

  

	7.	This Assignment and Acceptance shall be governed by, and be construed in accordance with, the laws of the State of New York. 

[SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Acceptance to be
executed by their respective officers thereunto duly authorized, as of the date first above written. 
  

			
	[ASSIGNOR]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[ASSIGNEE]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Lending Office (and address for notices):
	
	[Address]

  

			
	 Accepted this      day

of             ,
        

	
	 BANK OF AMERICA, N.A.,

as Administrative Agent

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Acknowledged and, to the extent required under the Credit Agreement, consented to, this
     day of             ,          

 

			
	TOYS “R” US-DELAWARE, INC.,
	as Lead Borrower
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Schedule I 

to 
 Assignment
and Acceptance 
 Dated             ,
         
  

				
	 Section 1.
	  		
		
	 Canadian Commitment Percentage:
	  	    	% 
		
	 Commitment Percentage:
	  	    	% 
		
	 Section 2.
	  		
		
	 Assignor’s Canadian Commitment:
	  	$            	  
		
	 Assignor’s Commitment:
	  	$            	  
		
	 Assignee’s Canadian Commitment:
	  	$            	  
		
	 Assignee’s Commitment:
	  	$            	  
		
	 Aggregate Outstanding Principal Amount of Canadian Loans Owing to Assignor:
	  	$            	  
		
	 Aggregate Outstanding Principal Amount of Canadian Loans Owing to Assignee:
	  	$            	  
		
	 Aggregate Participations by Assignor in Letters of Credit:
	  	$            	  
		
	 Aggregate Participations by Assignee in Letters of Credit:
	  	$            	  
		
	 Section 3.
	  		
		
	 Effective Date:
	  	            ,         
	  

 Exhibit B 

Form of Customs Broker Agency Agreement 

Name and Address of Customs Broker: 
  

	
	  

	  

	  

Dear Sir/Madam: 

                   
         , a [corporation] [limited liability company] organized and existing under the laws of
                             (the “Company”), among others, has entered into various
financing agreements with Bank of America, N.A., a national banking association with offices at 100 Federal Street,
9th Floor, Boston, Massachusetts 02110, as administrative
agent (in such capacity, the “Administrative Agent”), for its own benefit and the benefit of certain other secured parties (the “Secured Parties”) which are making loans or furnishing other financial accommodations
to the Company or its Affiliates, pursuant to which agreements the Company, among others, has granted to the Administrative Agent, for its own benefit and the benefit of the other Secured Parties, a security interest in and to, among other things,
substantially all of the assets of the Company (the “Collateral”), including, without limitation, all of the Company’s inventory, goods, documents, bills of lading and other documents of title. 

The Administrative Agent has requested that you (the “Customs Broker”) act as its agent for the limited purpose of more
fully perfecting and protecting the interest of the Administrative Agent in such bills of lading, documents and other documents of title and in the goods and inventory for which such bills of lading, documents, or other documents of title have been
issued, and the Customs Broker has agreed to do so. This letter shall set forth the terms of the Customs Broker’s engagement. 

1. Acknowledgment of Security Interest; Power of Attorney: The Customs Broker acknowledges, consents, and agrees that the Company
has assigned to the Administrative Agent, for its own benefit and the benefit of the other Secured Parties, all of the Company’s right, title, and interest in, to and under all goods constituting, evidencing, or relating to such inventory and
any contracts or agreements with carriers, customs brokers, and/or freight forwarders for shipment or delivery of such goods. The Company further advises the Customs Broker, and the Customs Broker acknowledges, consents and agrees, that the Company
has irrevocably constituted and appointed the Administrative Agent as the Company’s true and lawful attorney, with full power of substitution to exercise all of such rights, title, and interest, which appointment has been coupled with an
interest. 
 2. Appointment of Customs Broker as Agent of Administrative Agent: The Customs Broker is hereby appointed as
agent for the Administrative Agent to receive and retain possession of all bills of lading, waybills, documents, and any other documents of title or carriage constituting, evidencing, or relating to the Borrower’s inventory (collectively, the
“Title Documents”) heretofore or at any time hereafter issued for any goods, inventory, or other property of 

 
the Company which are received by the Customs Broker for processing (collectively, the “Property”), such receipt and retention of possession being for the purpose of more fully
perfecting and preserving the Administrative Agent’s security interests in the Title Documents and the Property. The Customs Broker will maintain possession of the Title Documents and the Property, subject to the security interest of the
Administrative Agent, and will note the security interest of the Administrative Agent on the Customs Broker’s books and records. In the event that the Administrative Agent is designated as the consignor, co-consignor, consignee or co-consignee
on any such Title Documents, subject to the terms and conditions hereof, the Administrative Agent hereby appoints the Customs Broker as its attorney-in-fact solely to execute and deliver any such Title Documents for and on behalf of the
Administrative Agent pursuant to the terms of this Agreement. 
 3. Delivery of Title Documents; Release of Goods: Until
the Customs Broker receives written notification from the Administrative Agent to the contrary, the Customs Broker is authorized by the Administrative Agent to, and the Customs Broker may, deliver: 

a. the Title Documents to the issuing carrier or to its agent (who shall act on the Customs Broker’s behalf as the
Customs Broker’s sub-agent hereunder) for the purpose of permitting the Company, as consignee, to obtain possession or control of the Property subject to such Title Documents; and 

b. the Property, in each instance as directed by the Company. 

4. Notice From Administrative Agent To Follow Administrative Agent’s Instructions: Upon the Customs Broker’s receipt of
written notification from the Administrative Agent, the Customs Broker shall thereafter follow solely the instructions of the Administrative Agent concerning the disposition of the Title Documents and the Property and will not follow any
instructions of the Company or any other person concerning the same. 
 5. Limited Authority: The Customs Broker’s
sole authority as the agent of the Administrative Agent is to receive and maintain possession of the Title Documents on behalf of the Administrative Agent and to follow the instructions of the Administrative Agent as provided herein. Except as may
be specifically authorized and instructed by the Administrative Agent, the Customs Broker shall have no authority as the agent of the Administrative Agent to undertake any other action or to enter into any other commitments on behalf of the
Administrative Agent. 
 6. Expenses: The Administrative Agent shall not be obligated to compensate the Customs Broker
for serving as agent hereunder, nor shall the Administrative Agent be responsible for any fees, expenses, customs, duties, taxes, or other charges relating to the Title Documents or the Property. The Customs Broker acknowledges that the Company is
solely responsible for payment of any compensation and charges which are to the Company’s account. The Administrative Agent is not responsible for paying any fees, expenses, customs duties, taxes, or other charges which are, or may, accrue, to
the account of the Title Documents or the Property. The Administrative Agent may authorize the Customs Broker to perform specified services on behalf of the Administrative Agent, at mutually agreed rates of compensation, which shall be charged to
the Administrative Agent’s account and payable to the Customs Broker by the Administrative Agent (provided, however, such payment shall not affect any obligation of the Company to reimburse the Administrative Agent for any such
compensation or other costs or expenses incurred by the Administrative Agent pursuant to the terms of the financing agreements referred to above). 

 7. Term: 

a. In the event that the Customs Broker desires to terminate this Agreement, the Customs Broker shall furnish the
Administrative Agent with sixty (60) days prior written notice of the Customs Broker’s intention to do so. During such sixty (60) day period (which may be shortened by notice to the Customs Broker from the Administrative Agent), the
Customs Broker shall continue to serve as agent hereunder. The Customs Broker shall also cooperate with the Administrative Agent and execute all such documentation and undertake all such action as may be reasonably required by the Administrative
Agent in connection with such termination. Such notice shall be given to the following address (or to such other address, written notice of which is given the Customs Broker by or on behalf of the Administrative Agent): 

If to the Administrative Agent: 

Bank of America, N.A. 

100 Federal Street,
9th Floor 

Boston, Massachusetts 02110 

Attention: Ms. Christine Hutchinson 

Re: Toys “R” Us-Delaware, Inc. 

b. Except as provided in Section 7(a), above, this Agreement shall remain in full force and effect until the
Customs Broker receives written notification from the Administrative Agent of the termination of the Customs Broker’s responsibilities hereunder. This Agreement may be amended only by notice in writing signed by the Company and an officer of
the Administrative Agent and may be terminated solely by written notice signed by the Company and an officer of the Administrative Agent. 

8. Custom Broker’s Lien: The Customs Broker shall have a lien, to the extent provided by law, on any Property then in the
possession of the Customs Broker, which lien shall be to the extent of any out-of-pocket costs, fees, freight charges, storage charges, or other charges or out-of-pocket expenses incurred or paid by the Customs Broker with respect only to that
Property then in the possession of the Customs Broker, for which the Customs Broker has not received payment, but not for any amount owed on account of any other Property, item, or matter. 

9. Counterparts; Integration: This agreement may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This agreement constitutes the entire agreement between the Customs Broker and the Administrative Agent relating to
the subject matter hereof. In the event of any conflict between this agreement and the terms of the underlying agreement between the Company and Customs Broker, the terms of this agreement shall govern. This agreement shall become effective when it
shall have been executed by the parties and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to
the 

 
benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this agreement by telecopy or other electronic transmission
shall be effective as delivery of a manually executed counterpart of this agreement. 
 10. Governing Law. THIS AGREEMENT
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ITS CONFLICT OF LAWS PRINCIPLES. 

[SIGNATURE PAGE FOLLOWS] 

 If the foregoing correctly sets forth our understanding, please indicate the Customs
Broker’s assent below following which this letter will take effect as a sealed instrument. 
  

			
	Very truly yours,
	
	COMPANY:
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

			
	Agreed:
	
	CUSTOMS BROKER:
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	ADMINISTRATIVE AGENT:
	
	BANK OF AMERICA, N.A.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

Signature Page to Customs Broker Agreement 

 Exhibit C-1 

Notice of Borrowing (Domestic Borrowers) 

Date:                     

  

	To:	Bank of America, N.A., as Administrative Agent 

100 Federal Street,
9th Floor 

Boston, Massachusetts 02110 

Attention: Ms. Christine Hutchinson 

Re: Second Amended and Restated Credit Agreement dated as of August     , 2010 (as modified,
amended, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and between, among others, Toys “R” Us-Delaware, Inc., as a Domestic Borrower and as agent (in such capacity, the “Lead
Borrower”) for the other Domestic Borrowers party thereto, and Bank of America, N.A., as Administrative Agent (the “Administrative Agent”) for its own benefit and the benefit of the other Secured Parties. Capitalized terms
used but not defined herein shall have the meanings set forth in the Credit Agreement. 
 Ladies and Gentlemen: 

The Lead Borrower refers to the above described Credit Agreement and hereby irrevocably notifies you of the Borrowing requested below:

  

	 	1.	The Business Day of the proposed Borrowing is             , 20    .

  

	 	2.	The aggregate amount of the proposed Borrowing is $             (which shall be in an integral
multiple of $1,000,000.00, but not less than $5,000,000.00, in the case of LIBO Loans), which Borrowing consists of the following Types: 

  

						
	 Type of Borrowing

(Prime Rate Loans or LIBO Loans)
	  	Amount	  	 Interest Period for LIBO Loans1

		  	$	            	  	 [months] [weeks]

		  	$	            	  	 [months] [weeks]

		  	$	            	  	 [months] [weeks]

		  	$	            	  	 [months] [weeks]

 

	1	If no election of Interest Period is specified, such notice shall be deemed a request for an Interest Period of one (1) month. 

	 	3.	Proceeds of the proposed Borrowing are to be disbursed to the following account(s): 

 

	
	  

	  

The Lead Borrower hereby certifies that the following statements are true and correct on the date of the proposed Borrowing, before and
after giving effect thereto and to the application of the proceeds therefrom: 
 a. The representations and
warranties of the Loan Parties contained in the Credit Agreement and the other Loan Documents or otherwise made in writing in connection therewith (including in any Borrowing Base Certificate) are true and correct in all material respects as though
made on and as of the date of the proposed Borrowing (both immediately prior to and after giving effect to the proposed Borrowing); provided that, if such representations and warranties specifically relate to an earlier date, such
representations and warranties were true and correct in all material respects on and as of such earlier date; and provided further that if such representations and warranties are qualified by “materiality” or
“Material Adverse Effect”, such representations and warranties shall be true and correct in all respects; 

b. No Default or Event of Default has occurred and is continuing, or would result from such proposed Borrowing; and

 c. After giving effect to the proposed Borrowing set forth in Section 2 above, there will be no more than
fifteen (15) Borrowings of LIBO Loans outstanding under the Credit Agreement. 
  

			
	TOYS “R” US-DELAWARE, INC.,
	As Lead Borrower
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 Exhibit C-2 

Notice of Borrowing (Canadian Borrowers) 

Date:                     

  

	To:	Bank of America, N.A. (acting through its Canada branch) 

200 Front Street West 

Toronto, Ontario, Canada M5V 3L2 

Attention: Medina Sales de Andrade 

Bank of America, N.A., as Administrative Agent 

100 Federal Street,
9th Floor 

Boston, Massachusetts 02110 

Attention: Ms. Christine Hutchinson 

Re: Second Amended and Restated Credit Agreement dated as of August     , 2010 (as modified,
amended, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and between, among others, Toys “R” Us (Canada) Ltd. Toys “R” Us (Canada) Ltee, a corporation organized under the laws
of the Province of Ontario (the “Canadian Borrower”), Bank of America, N.A., as Administrative Agent (the “Administrative Agent”) for its own benefit and the benefit of the other Secured Parties, and Bank of
America, N.A. (acting through its Canada branch), as Canadian Administrative Agent (the “Canadian Agent”) for its own benefit and the benefit of the other Secured Parties. Capitalized terms used but not defined herein shall have the
meanings set forth in the Credit Agreement. 
 Ladies and Gentlemen: 

The Canadian Borrower refers to the above described Credit Agreement and hereby irrevocably notifies you of the Borrowing requested
below: 
  

	 	1.	The Business Day of the proposed Borrowing is             , 20    .

	 	2.	The aggregate amount of the proposed Borrowing is (a) CD$             (which shall be in an
integral multiple of CD$1,000,000.00, but not less than CD$1,000,000, in the case of BA Equivalent Loans), (b) $             (which shall be in integral multiples of $1,000,000,
but not less than $1,000,000.00 in the case of dollar denominated Prime Rate Loans), or (c) $             (which shall be in integral multiples of $1,000,000.00, but not less
than $5,000,000.00, in the case of LIBO Loans), which Borrowing consists of the following Types: 

  

						
	 Type of Borrowing

(Prime Rate Loans, LIBO Loans,

or BA Equivalent Loans)
	  	Amount
(in $ or CD$)	  	 Interest Period for LIBO

Loans or BA

Equivalent Loans2

		  	$	            	  	 [months] [weeks]

		  	$	            	  	 [months] [weeks]

		  	$	            	  	 [months] [weeks]

		  	$	            	  	 [months] [weeks]

  

	 	3.	Proceeds of the proposed Borrowing are to be disbursed to the following account(s): 

 

	
	  

	  

	  

The Canadian Borrower hereby certifies that the following statements are true and correct on the date of the proposed Borrowing, before
and after giving effect thereto and to the application of the proceeds therefrom: 
 a. The representations and
warranties of the Loan Parties contained in the Credit Agreement and the other Loan Documents or otherwise made in writing in connection therewith (including in any Borrowing Base Certificate) are true and correct in all material respects as though
made on and as of the date of the proposed Borrowing (both immediately prior to and after giving effect to the proposed Borrowing); provided that, if such representations and warranties specifically relate to an earlier date, such
representations and warranties were true and correct in all material respects on and as of such earlier date; and provided further that if such representations and warranties are qualified by “materiality” or
“Material Adverse Effect”, such representations and warranties shall be true and correct in all respects; 

b. No Default or Event of Default has occurred and is continuing, or would result from such proposed Borrowing; and

 c. After giving effect to the proposed Borrowing set forth in Section 2 above, there will be no more than
eight (8) Borrowings of BA Equivalent Loans and no more than fifteen (15) Borrowings of LIBO Loans outstanding under the Credit Agreement. 

 

	2	If no election of Interest Period is specified, such notice shall be deemed a request for an Interest Period of one (1) month. 

			
	TOYS “R” US (CANADA) LTD.
	TOYS “R” US (CANADA) LTEE
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Exhibit D 

Form of Revolving Credit Note to Domestic Lenders 
  

 
 [AMENDED AND RESTATED] REVOLVING CREDIT NOTE

  
  

 

			
	$            	  	            , 2010

FOR VALUE RECEIVED, the undersigned (singly, a “Domestic Borrower”, and collectively, the
“Domestic Borrowers”) jointly and severally promise to pay to the order of
                                        
(hereinafter, with any subsequent holders, the “Domestic Lender”), c/o Bank of America, N.A., 100 Federal Street,
9th Floor, Boston, Massachusetts 02110, the principal sum
of                              DOLLARS
($            ), or, if less, the aggregate unpaid principal balance of Revolving Credit Loans made by the Domestic Lender to or for the account of any Domestic Borrower pursuant to
the Second Amended and Restated Credit Agreement dated as of August     , 2010 (as amended, modified, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and between, among
others (i) Toys “R” Us-Delaware, Inc., as a Domestic Borrower and as agent (in such capacity, the “Lead Borrower”) for the other Domestic Borrowers, (ii) the Domestic Borrowers, (iii) the Facility Guarantors
party thereto, (iv) Toys “R” Us (Canada) Ltd. Toys “R” Us (Canada) Ltee (the “Canadian Borrower” and, collectively with the Domestic Borrowers, the “Borrowers”), (v) Bank of America,
N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) for its own benefit and the benefit of the other Secured Parties, (vi) Bank of America, N.A. (acting through its Canada branch), as Canadian
Administrative Agent (in such capacity, the “Canadian Agent”) for its own benefit and the benefit of the other Secured Parties, (vii) Bank of America, N.A. and Wells Fargo Retail Finance, LLC, as Co-Collateral Agents for their
own benefit and the benefit of the other Secured Parties, and (viii) the Lenders party thereto (the “Lenders”), with interest at the rate and payable in the manner stated therein. [This Amended and Restated Revolving Credit
Note replaces in its entirety that certain [Amended and Restated] Revolving Credit Note dated June 24, 2009, by the Domestic Borrower payable to the Domestic Lender.] 

[This Amended and Restated Revolving Credit Note is hereinafter referred to as the “Revolving Credit Note” to which reference
is made in the Credit Agreement and is subject to all terms and provisions thereof./This is a “Revolving Credit Note” to which reference is made in the Credit Agreement and is subject to all terms and provisions thereof.] The principal of,
and interest on, this Revolving Credit Note shall be payable at the times, in the manner, and in the amounts as provided in the Credit Agreement and shall be subject to prepayment and acceleration as provided therein. Capitalized terms used herein
and not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

 The Administrative Agent’s books and records concerning the Revolving Credit Loans, the
accrual of interest thereon, and the repayment of such Revolving Credit Loans, shall be prima facie evidence of the indebtedness hereunder, absent manifest error. 

No delay or omission by any Agent or the Domestic Lender in exercising or enforcing any of such Agent’s or the Domestic
Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any Event of Default shall operate as a waiver of any other Event of Default, nor
as a continuing waiver. 
 After the occurrence and during the continuance of an Event of Default, each Domestic Borrower, and
each endorser and guarantor of this Revolving Credit Note, waives presentment, demand, notice, and protest, and also waives any delay on the part of the holder hereof. Each Domestic Borrower assents to any extension or other indulgence (including,
without limitation, the release or substitution of Collateral) permitted by any Agent and/or the Domestic Lender with respect to this Revolving Credit Note and/or any Collateral or any extension or other indulgence with respect to any other
liability or any collateral given to secure any other liability of any Domestic Borrower or any other Person obligated on account of this Revolving Credit Note. 

This Revolving Credit Note shall be binding upon each Domestic Borrower, and each endorser and guarantor hereof, and upon their
respective successors, assigns, and representatives, and shall inure to the benefit of the Domestic Lender and its successors, endorsees, and assigns. 

The liabilities of each Domestic Borrower, and of any endorser or guarantor of this Revolving Credit Note, are joint and several;
provided, however, the release by any Agent or the Domestic Lender of any one or more such Persons shall not release any other Person obligated on account of this Revolving Credit Note. Each reference in this Revolving Credit Note to
each Domestic Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly. No Person obligated on account of this Revolving Credit Note may seek contribution from any other Person also obligated
except in accordance with the terms of Section 9.14(d) of the Credit Agreement. 
 THIS REVOLVING CREDIT NOTE SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Each Domestic Borrower agrees that any suit
for the enforcement of this Revolving Credit Note or any other Loan Document may be brought in the courts of the State of New York sitting in the Borough of Manhattan or any federal court sitting therein as the Administrative Agent may elect in its
sole discretion and consents to the non-exclusive jurisdiction of such courts. Each Domestic Borrower hereby waives any objection which it may now or hereafter have to the venue of any such suit or any such court or that such suit is brought in an
inconvenient forum and agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other 

 
manner provided by law. Each Domestic Borrower agrees that any action commenced by any Domestic Borrower asserting any claim or counterclaim arising under or in connection with this Revolving
Credit Note or any other Loan Document shall be brought solely in a court of the State of New York sitting in the Borough of Manhattan or any federal court sitting therein as the Administrative Agent may elect in its sole discretion and consents to
the exclusive jurisdiction of such courts with respect to any such action. 
 Each Domestic Borrower makes the following waiver
knowingly, voluntarily, and intentionally, and understands that the Agents and the Domestic Lender, in the establishment and maintenance of their respective relationship with the Domestic Borrowers contemplated by this Revolving Credit Note, is
relying thereon. EACH DOMESTIC BORROWER, EACH GUARANTOR, ENDORSER AND SURETY, AND THE DOMESTIC LENDER, BY ITS ACCEPTANCE HEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS REVOLVING CREDIT NOTE, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY); AND WAIVES DUE DILIGENCE, DEMAND,
PRESENTMENT AND PROTEST AND ANY NOTICES THEREOF AS WELL AS NOTICE OF NONPAYMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THE CREDIT AGREEMENT AND THIS REVOLVING CREDIT NOTE BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS HEREIN. 
 [SIGNATURE PAGE FOLLOWS] 

 

 IN WITNESS WHEREOF, the Domestic Borrowers have caused this Revolving Credit Note to be duly
executed as of the date set forth above. 
  

			
	DOMESTIC BORROWERS:
	
	TOYS “R” US-DELAWARE, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 Exhibit E 

Form of Revolving Credit Note to Canadian Lenders 
  

 
 [AMENDED AND RESTATED] REVOLVING CREDIT NOTE

  
  

 

			
	$            	  	            , 2010

FOR VALUE RECEIVED, TOYS “R” US (CANADA) LTD./TOYS “R” US (CANADA) LTEE, a corporation organized and existing under
the laws of the Province of Ontario (the “Canadian Borrower”), promises to pay to the order of
                                        
(hereinafter, with any subsequent holders, the “Canadian Lender”), c/o Bank of America, N.A. (acting through its Canada branch), 200 Front Street West, Toronto, Ontario, Canada M5V 3L2, the principal sum of
                             DOLLARS
(USD$            ), or, if less, the aggregate unpaid principal balance of Revolving Credit Loans made by the Canadian Lender to or for the account of the Canadian Borrower pursuant
to the Second Amended and Restated Credit Agreement dated as of August     , 2010 (as amended, modified, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and between,
among others (i) Toys “R” Us-Delaware, Inc., as a Domestic Borrower and as agent (in such capacity, the “Lead Borrower”) for the other Domestic Borrowers party thereto (collectively, with the Lead Borrower, the
“Domestic Borrowers”), (ii) the Domestic Borrowers, (iii) Toys “R” Us (Canada) Ltd. Toys “R” Us (Canada) Ltee (the “Canadian Borrower” and, collectively with the Domestic Borrowers, the
“Borrowers”), (iv) the Facility Guarantors party thereto, (v) Bank of America, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) for its own benefit and the benefit of the other
Secured Parties, (vi) Bank of America, N.A. (acting through its Canada branch), as Canadian Administrative Agent (in such capacity, the “Canadian Agent”) for its own benefit and the benefit of the other Secured Parties,
(vii) Bank of America, N.A. and Wells Fargo Retail Finance, LLC, as Co-Collateral Agents for their own benefit and the benefit of the other Secured Parties, and (viii) the Lenders party thereto (the “Lenders”), with
interest at the rate and payable in the manner stated therein. [This Amended and Restated Revolving Credit Note replaces in its entirety that certain [Amended and Restated] Revolving Credit Note dated June 24, 2009 by the Canadian Borrower
payable to the Canadian Lender.] 
 [This Amended and Restated Revolving Credit Note is hereinafter referred to as the
“Revolving Credit Note” to which reference is made in the Credit Agreement and is subject to all terms and provisions thereof./This is a “Revolving Credit Note” to which reference is made in the Credit Agreement and is subject to
all terms and provisions thereof.] The principal of, and interest on, this Revolving Credit Note shall be payable at the times, in the manner, and in the amounts as provided in the Credit Agreement and shall be subject to prepayment and acceleration
as provided therein. Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

 The Canadian Agent’s books and records concerning the Revolving Credit Loans, the
accrual of interest thereon, and the repayment of such Revolving Credit Loans, shall be prima facie evidence of the indebtedness hereunder, absent manifest error. 

No delay or omission by the Canadian Agent, any other Agent or the Canadian Lender in exercising or enforcing any of the Canadian
Agent’s, such other Agent’s or the Canadian Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any Event of Default shall
operate as a waiver of any other Event of Default, nor as a continuing waiver. 
 After the occurrence and during the
continuance of an Event of Default, the Canadian Borrower, and each endorser and guarantor of this Revolving Credit Note, waives presentment, demand, notice, and protest, and also waives any delay on the part of the holder hereof. The Canadian
Borrower assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral) permitted by the Canadian Agent, any other Agent and/or the Canadian Lender with respect to this Revolving Credit Note
and/or any Collateral or any extension or other indulgence with respect to any other liability or any collateral given to secure any other liability of the Canadian Borrower or any other Person obligated on account of this Revolving Credit Note.

 This Revolving Credit Note shall be binding upon the Canadian Borrower, and each endorser and guarantor hereof, and upon
their respective successors, assigns, and representatives, and shall inure to the benefit of the Canadian Lender and its successors, endorsees, and assigns. 

The liabilities of the Canadian Borrower, and of any endorser or guarantor of this Revolving Credit Note, are joint and several;
provided, however, the release by the Canadian Agent, any other Agent or the Canadian Lender of any one or more such Persons shall not release any other Person obligated on account of this Revolving Credit Note. Each reference in this
Revolving Credit Note to the Canadian Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly. No Person obligated on account of this Revolving Credit Note may seek contribution from any other
Person also obligated except in accordance with the terms of Section 9.14(d) of the Credit Agreement. 
 If, for the
purpose of obtaining judgment in any court or for the purpose of determining, pursuant to the obligations of the Canadian Borrower, the amounts owing hereunder, it is necessary to convert an amount due hereunder in the currency in which it is due
(the “Original Currency”) into another currency (the “Second Currency”), the rate of exchange applied shall be that at which, in accordance with normal banking procedures, the Canadian Agent could purchase, in the
New York foreign exchange market, the Original Currency with the Second Currency on the date two (2) Business Days preceding that on which judgment is given or any other payment is due hereunder. The Canadian Borrower agrees that its obligation
in respect of 

 
any Original Currency due from it to the Canadian Lender hereunder shall, notwithstanding any judgment or payment in such other currency, be discharged only to the extent that, on the Business
Day following the date the Canadian Lender receives payment of any sum so adjudged or owing to be due hereunder in the Second Currency the Canadian Agent may, in accordance with normal banking procedures, purchase, in the New York City foreign
exchange market the Original Currency with the amount of the Second Currency so paid; and if the amount of the Original Currency so purchased or could have been so purchased is less than the amount originally due in the Original Currency, the
Canadian Borrower agrees as a separate obligation and notwithstanding any such payment or judgment to indemnify the Canadian Lender against such loss. The term “rate of exchange” in this paragraph means the spot rate at which the Canadian
Agent, in accordance with normal practices are able on the relevant date to purchase the Original Currency with the Second Currency and includes any premium and costs of exchange payable in connection with such purchase. 

THIS REVOLVING CREDIT NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE PROVINCE OF ONTARIO. 

The Canadian Borrower agrees that any suit for the enforcement of this Revolving Credit Note or any other Loan Document may be brought in
the courts of the State of New York sitting in the Borough of Manhattan or any federal court sitting therein as the Canadian Agent may elect in its sole discretion and consents to the non-exclusive jurisdiction of such courts. The Canadian Borrower
hereby waives any objection which it may now or hereafter have to the venue of any such suit or any such court or that such suit is brought in an inconvenient forum and agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. The Canadian Borrower agrees that any action commenced by the Canadian Borrower asserting any claim or counterclaim arising under
or in connection with this Revolving Credit Note or any other Loan Document shall be brought solely in a court of the State of New York sitting in the Borough of Manhattan or any federal court sitting therein as the Canadian Agent may elect in its
sole discretion and consents to the exclusive jurisdiction of such courts with respect to any such action. 
 The Canadian
Borrower makes the following waiver knowingly, voluntarily, and intentionally, and understands that the Canadian Agent, the other Agents and the Canadian Lender, in the establishment and maintenance of their respective relationship with the Canadian
Borrower contemplated by this Revolving Credit Note, is relying thereon. THE CANADIAN BORROWER, EACH GUARANTOR, ENDORSER AND SURETY, AND THE CANADIAN LENDER, BY ITS ACCEPTANCE HEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS REVOLVING CREDIT NOTE, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY); AND WAIVES DUE DILIGENCE, DEMAND, PRESENTMENT AND PROTEST AND ANY NOTICES THEREOF AS WELL 

 
AS NOTICE OF NONPAYMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THE CREDIT AGREEMENT AND THIS REVOLVING CREDIT NOTE BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS HEREIN. 
 [SIGNATURE PAGE FOLLOWS] 

 

 IN WITNESS WHEREOF, the Canadian Borrower has caused this Revolving Credit Note to be duly
executed as of the date set forth above. 
  

			
	CANADIAN BORROWER:
	
	TOYS “R” US (CANADA) LTD.
	TOYS “R” US (CANADA) LTEE
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Exhibit F 

Form of Swingline Note to Domestic Swingline Lender 

 
  

[AMENDED AND RESTATED] SWINGLINE NOTE 
  

 
  

			
	$100,000,000.00 	  	            , 2010

FOR VALUE RECEIVED, the undersigned (singly, a “Domestic Borrower”, and collectively, the
“Domestic Borrowers”) jointly and severally promise to pay to the order of BANK OF AMERICA, N.A. (hereinafter, with any subsequent holders, the “Swingline Lender”), 100 Federal Street,
9th Floor, Boston, Massachusetts 02110, the principal sum
of ONE HUNDRED MILLION DOLLARS ($100,000,000.00), or, if less, the aggregate unpaid principal balance of Swingline Loans made by the Swingline Lender to or for the account of any Domestic Borrower pursuant to the Second Amended and Restated Credit
Agreement dated as of August     , 2010 (as amended, modified, supplemented or restated and in effect from time to time, the “Credit Agreement”) by and between, among others (i) Toys “R”
Us-Delaware, Inc., as a Domestic Borrower and as agent (in such capacity, the “Lead Borrower”) for the other Domestic Borrowers, (ii) the Domestic Borrowers, (iii) Toys “R” Us (Canada) Ltd. Toys “R” Us
(Canada) Ltee (the “Canadian Borrower” and, collectively with the Domestic Borrowers, the “Borrowers”), (iv) the Facility Guarantors party thereto, (v) Bank of America, N.A., as Administrative Agent (in
such capacity, the “Administrative Agent”) for its own benefit and the benefit of the other Secured Parties, (vi) Bank of America, N.A. (acting through its Canada branch), as Canadian Administrative Agent (in such capacity, the
“Canadian Agent”) for its own benefit and the benefit of the other Secured Parties, (vii) Bank of America, N.A. and Wells Fargo Retail Finance, LLC, as Co-Collateral Agents for their own benefit and the benefit of the other
Secured Parties, and (viii) the Lenders party thereto (the “Lenders”), with interest at the rate and payable in the manner stated therein. [This Amended and Restated Swingline Note replaces in its entirety that certain [Amended
and Restated] Swingline Note dated June 24, 2009, by the Domestic Borrower payable to the Swingline Lender.] 
 [This
Amended and Restated Swingline Note is hereinafter referred to as the “Swingline Note” to which reference is made in the Credit Agreement and is subject to all terms and provisions thereof./This is a “Swingline Note” to which
reference is made in the Credit Agreement and is subject to all terms and provisions thereof.] The principal of, and interest on, this Swingline Note shall be payable at the times, in the manner, and in the amounts as provided in the Credit
Agreement and shall be subject to prepayment and acceleration as provided therein. Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

 The Administrative Agent’s books and records concerning the Swingline Loans, the
accrual of interest thereon, and the repayment of such Swingline Loans, shall be prima facie evidence of the indebtedness hereunder, absent manifest error. 

No delay or omission by any Agent or the Swingline Lender in exercising or enforcing any of such Agent’s or the Swingline
Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any Event of Default shall operate as a waiver of any other Event of Default, nor
as a continuing waiver. 
 After the occurrence and during the continuance of an Event of Default, each Domestic Borrower, and
each endorser and guarantor of this Swingline Note, waives presentment, demand, notice, and protest, and also waives any delay on the part of the holder hereof. Each Domestic Borrower assents to any extension or other indulgence (including, without
limitation, the release or substitution of Collateral) permitted by any Agent and/or the Swingline Lender with respect to this Swingline Note and/or any Collateral or any extension or other indulgence with respect to any other liability or any
collateral given to secure any other liability of any Domestic Borrower or any other Person obligated on account of this Swingline Note. 

This Swingline Note shall be binding upon each Domestic Borrower, and each endorser and guarantor hereof, and upon their respective
successors, assigns, and representatives, and shall inure to the benefit of the Swingline Lender and its successors, endorsees, and assigns. 

The liabilities of each Domestic Borrower, and of any endorser or guarantor of this Swingline Note, are joint and several;
provided, however, the release by any Agent or the Swingline Lender of any one or more such Persons shall not release any other Person obligated on account of this Swingline Note. Each reference in this Swingline Note to each Domestic
Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly. No Person obligated on account of this Swingline Note may seek contribution from any other Person also obligated except in accordance
with the terms of Section 9.14(d) of the Credit Agreement. 
 THIS SWINGLINE NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Each Domestic Borrower agrees that any suit for the enforcement of
Swingline Note or any other Loan Document may be brought in the courts of the State of New York sitting in the Borough of Manhattan or any federal court sitting therein as the Administrative Agent may elect in its sole discretion and consents to the
non-exclusive jurisdiction of such courts. Each Domestic Borrower hereby waives any objection which it may now or hereafter have to the venue of any such suit or any such court or that such suit is brought in an inconvenient forum and agrees that a
final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Each Domestic Borrower agrees that any action commenced by any Domestic
Borrower 

 
asserting any claim or counterclaim arising under or in connection with this Swingline Note or any other Loan Document shall be brought solely in a court of the State of New York sitting in the
Borough of Manhattan or any federal court sitting therein as the Administrative Agent may elect in its sole discretion and consents to the exclusive jurisdiction of such courts with respect to any such action. 

Each Domestic Borrower makes the following waiver knowingly, voluntarily, and intentionally, and understands that the Agents and the
Domestic Lender, in the establishment and maintenance of their respective relationship with the Domestic Borrowers contemplated by this Swingline Note, is relying thereon. EACH DOMESTIC BORROWER, EACH GUARANTOR, ENDORSER AND SURETY, AND THE
SWINGLINE LENDER, BY ITS ACCEPTANCE HEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS SWINGLINE NOTE,
ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY); AND WAIVES DUE DILIGENCE, DEMAND, PRESENTMENT AND PROTEST AND ANY NOTICES THEREOF AS WELL AS NOTICE OF NONPAYMENT. EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THE CREDIT AGREEMENT AND THIS SWINGLINE NOTE BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS HEREIN. 

[SIGNATURE PAGE FOLLOWS] 
  

 IN WITNESS WHEREOF, the Domestic Borrowers have caused this Swingline Note to be duly
executed as of the date set forth above. 
  

			
	DOMESTIC BORROWERS:
	
	TOYS “R” US-DELAWARE, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Exhibit G 

Form of Swingline Note to Canadian Swingline Lender 

 
  

[AMENDED AND RESTATED] SWINGLINE NOTE 
  

 
  

			
	$20,000,000.00	  	            , 2010

FOR VALUE RECEIVED, TOYS “R” US (CANADA) LTD. TOYS “R” US (CANADA) LTEE, a corporation organized and existing under
the laws of the Province of Ontario (the “Canadian Borrower”), promises to pay to the order of Bank of America, N.A. (acting through its Canada branch) (hereinafter, with any subsequent holders, the “Swingline
Lender”), 200 Front Street West, Toronto, Ontario, Canada M5V 3L2, the principal sum of TWENTY MILLION DOLLARS (USD$20,000,000.00), or, if less, the aggregate unpaid principal balance of Swingline Loans made by the Swingline Lender to or
for the account of the Canadian Borrower pursuant to the Second Amended and Restated Credit Agreement dated as of August     , 2010 (as amended, modified, supplemented or restated and in effect from time to time, the
“Credit Agreement”) by and among (i) Toys “R” Us-Delaware, Inc., as a Domestic Borrower and as agent (in such capacity, the “Lead Borrower”) for the other Domestic Borrowers party thereto
(collectively, with the Lead Borrower, the “Domestic Borrowers”), (ii) the Domestic Borrowers, (iii) Toys “R” Us (Canada) Ltd. Toys “R” Us (Canada) Ltee (the “Canadian Borrower” and,
collectively with the Domestic Borrowers, the “Borrowers”), (vi) the Facility Guarantors party thereto, (v) Bank of America, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) for
its own benefit and the benefit of the other Secured Parties, (vi) Bank of America, N.A. (acting through its Canada branch), as Canadian Administrative Agent (in such capacity, the “Canadian Agent”) for its own benefit and the
benefit of the other Secured Parties, (vii) Bank of America, N.A. and Wells Fargo Retail Finance, LLC, as Co-Collateral Agents for their own benefit and the benefit of the other Secured Parties, and (viii) the Lenders party thereto (the
“Lenders”), with interest at the rate and payable in the manner stated therein. [This Amended and Restated Swingline Note replaces in its entirety that certain [Amended and Restated] Swingline Note dated June 24, 2009 by the
Canadian Borrower payable to the Swingline Lender.] 
 [This Amended and Restated Swingline Note is hereinafter referred to as
the “Swingline Note” to which reference is made in the Credit Agreement and is subject to all terms and provisions thereof./This is a “Swingline Note” to which reference is made in the Credit Agreement and is subject to all terms
and provisions thereof.] The principal of, and interest on, this Swingline Note shall be payable at the times, in the manner, and in the amounts as provided in the Credit Agreement and shall be subject to prepayment and acceleration as provided
therein. Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

 The Canadian Agent’s books and records concerning the Swingline Loans, the accrual of
interest thereon, and the repayment of such Swingline Loans, shall be prima facie evidence of the indebtedness hereunder, absent manifest error. 

No delay or omission by the Canadian Agent, any other Agent or the Swingline Lender in exercising or enforcing any of the Canadian
Agent’s, such other Agent’s or the Swingline Lender’s powers, rights, privileges, remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any Event of Default shall
operate as a waiver of any other Event of Default, nor as a continuing waiver. 
 After the occurrence and during the
continuance of an Event of Default, the Canadian Borrower, and each endorser and guarantor of this Swingline Note, waives presentment, demand, notice, and protest, and also waives any delay on the part of the holder hereof. The Canadian Borrower
assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral) permitted by the Canadian Agent, any other Agent and/or the Swingline Lender with respect to this Swingline Note and/or any
Collateral or any extension or other indulgence with respect to any other liability or any collateral given to secure any other liability of the Canadian Borrower or any other Person obligated on account of this Swingline Note. 

This Swingline Note shall be binding upon the Canadian Borrower, and each endorser and guarantor hereof, and upon their respective
successors, assigns, and representatives, and shall inure to the benefit of the Swingline Lender and its successors, endorsees, and assigns. 

The liabilities of the Canadian Borrower, and of any endorser or guarantor of this Swingline Note, are joint and several;
provided, however, the release by the Canadian Agent, any other Agent or the Swingline Lender of any one or more such Persons shall not release any other Person obligated on account of this Swingline Note. Each reference in this
Swingline Note to the Canadian Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly. No Person obligated on account of this Swingline Note may seek contribution from any other Person also
obligated except in accordance with the terms of Section 9.14(d) of the Credit Agreement. 
 If, for the purpose of
obtaining judgment in any court or for the purpose of determining, pursuant to the obligations of the Canadian Borrower, the amounts owing hereunder, it is necessary to convert an amount due hereunder in the currency in which it is due (the
“Original Currency”) into another currency (the “Second Currency”), the rate of exchange applied shall be that at which, in accordance with normal banking procedures, the Canadian Agent could purchase, in the New
York foreign exchange market, the Original Currency with the Second Currency on the date two (2) Business Days preceding that on which judgment is given or any 

 
other payment is due hereunder. The Canadian Borrower agrees that its obligation in respect of any Original Currency due from it to the Swingline Lender hereunder shall, notwithstanding any
judgment or payment in such other currency, be discharged only to the extent that, on the Business Day following the date the Swingline Lender receives payment of any sum so adjudged or owing to be due hereunder in the Second Currency the Canadian
Agent may, in accordance with normal banking procedures, purchase, in the New York City foreign exchange market the Original Currency with the amount of the Second Currency so paid; and if the amount of the Original Currency so purchased or could
have been so purchased is less than the amount originally due in the Original Currency, the Canadian Borrower agrees as a separate obligation and notwithstanding any such payment or judgment to indemnify the Swingline Lender against such loss. The
term “rate of exchange” in this paragraph means the spot rate at which the Canadian Agent, in accordance with normal practices are able on the relevant date to purchase the Original Currency with the Second Currency and includes any
premium and costs of exchange payable in connection with such purchase. 
 THIS SWINGLINE NOTE SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE PROVINCE OF ONTARIO. 
 The Canadian Borrower agrees that any suit for the
enforcement of this Swingline Note or any other Loan Document may be brought in the courts of the State of New York sitting in the Borough of Manhattan or any federal court sitting therein as the Canadian Agent may elect in its sole discretion and
consents to the non-exclusive jurisdiction of such courts. The Canadian Borrower hereby waives any objection which it may now or hereafter have to the venue of any such suit or any such court or that such suit is brought in an inconvenient forum and
agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. The Canadian Borrower agrees that any action commenced by
the Canadian Borrower asserting any claim or counterclaim arising under or in connection with this Swingline Note or any other Loan Document shall be brought solely in a court of the State of New York sitting in the Borough of Manhattan or any
federal court sitting therein as the Canadian Agent may elect in its sole discretion and consents to the exclusive jurisdiction of such courts with respect to any such action. 

The Canadian Borrower makes the following waiver knowingly, voluntarily, and intentionally, and understands that the Canadian Agent, the
other Agents and the Swingline Lender, in the establishment and maintenance of their respective relationship with the Canadian Borrower contemplated by this Swingline Note, is relying thereon. THE CANADIAN BORROWER, EACH GUARANTOR, ENDORSER AND
SURETY, AND THE SWINGLINE LENDER, BY ITS ACCEPTANCE HEREOF, HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS
SWINGLINE NOTE, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, 

 
TORT OR ANY OTHER THEORY); AND WAIVES DUE DILIGENCE, DEMAND, PRESENTMENT AND PROTEST AND ANY NOTICES THEREOF AS WELL AS NOTICE OF NONPAYMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THE CREDIT AGREEMENT AND THIS SWINGLINE NOTE BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS HEREIN. 

[SIGNATURE PAGE FOLLOWS] 
  

 IN WITNESS WHEREOF, the Canadian Borrower has caused this Swingline Note to be duly executed
as of the date set forth above. 
  

			
	CANADIAN BORROWER:
	
	TOYS “R” US (CANADA) LTD.
	TOYS “R” US (CANADA) LTEE
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Exhibit H 

Form of Joinder 

JOINDER AGREEMENT 

This Joinder Agreement (this “Joinder”) is made as of
                    , by and among: 

                        
                 (the “New [Borrower/Facility Guarantor]”), with its principal executive offices at
                                        ;
and 
 BANK OF AMERICA, N.A., a national banking association, having a place of business at 100 Federal
Street, 9th Floor, Boston, Massachusetts 02110, as
Administrative Agent for its own benefit and the benefit of the other Secured Parties (the “Administrative Agent”); and 

BANK OF AMERICA, N.A., a national banking association, having a place of business at 100
Federal Street, 9th Floor, Boston, Massachusetts 02110,
and WELLS FARGO RETAIL FINANCE, LLC, a Delaware limited liability company, having a place of business at One Boston Place,
18th Floor, Boston, MA 02108, as Co-Collateral Agents for
their own benefit and the benefit of the other Secured Parties (collectively, in such capacity, the “Co-Collateral Agents”); 

in consideration of the mutual covenants herein contained and benefits to be derived herefrom. 

W I T N E S S E T H : 

A. Reference is made to a certain Second Amended and Restated Credit Agreement dated as of August     , 2010 (as
amended, modified, supplemented or restated and in effect from time to time, the “Credit Agreement”), by and between among others (i) Toys “R” Us-Delaware, Inc., as a Domestic Borrower and as agent (in such capacity,
the “Lead Borrower”) for the other Domestic Borrowers party thereto (collectively, with the Lead Borrower, the “Domestic Borrowers”), (ii) the Domestic Borrowers, (iii) Toys “R” Us (Canada) Ltd.
Toys “R” Us (Canada) Ltee (the “Canadian Borrower” and, collectively with the Domestic Borrowers, the “Existing Borrowers”), (iv) the Facility Guarantors party thereto (the “Existing Facility
Guarantors”, and together with the Existing Borrowers, the “Loan Parties”), (v) Bank of America, N.A., as Administrative Agent for its own benefit and the benefit of the other Secured Parties, (vi) Bank of
America, N.A. (acting through its Canada branch), as Canadian Administrative Agent for its own benefit and the benefit of the other Secured Parties, and (vii) Bank of America, N.A. and Wells Fargo Retail Finance, LLC, as Co-Collateral Agents
for their own benefit and the benefit of the other Secured Parties. All capitalized terms used herein, and not otherwise defined herein, shall have the meanings as set forth in the Credit Agreement. 

 B. The New [Borrower/Facility Guarantor] desires to become a party to, and bound by the
terms of, the Credit Agreement and the other Loan Documents in the same capacity and to the same extent as the Existing [Borrowers/Facility Guarantors] thereunder. 

C. Pursuant to the terms of the Credit Agreement, in order for the New [Borrower/Facility Guarantor] to become party to the Credit
Agreement and the other Loan Documents as provided herein, the New [Borrower/Facility Guarantor] and the Existing [Borrowers/Facility Guarantors] are required to execute this Joinder. 

NOW, THEREFORE, the parties hereto hereby agree as follows: 

 

	1.	Joinder and Assumption of Obligations. Effective as of the date of this Joinder, the New [Borrower/Facility Guarantor] hereby acknowledges that the New
[Borrower/Facility Guarantor] has received and reviewed a copy of the Credit Agreement and the other Loan Documents, and acknowledges and agrees to: 

  

	 	a.	join in the execution of, and become a party to, the Credit Agreement and the other Loan Documents as a [Borrower/Facility Guarantor], as indicated with its signature
below; 

  

	 	b.	be bound by all representations, warranties, covenants, agreements, liabilities and acknowledgments of a [Borrower/Facility Guarantor] under the Credit Agreement and
the other Loan Documents, in each case, with the same force and effect as if such New [Borrower/Facility Guarantor] was a signatory to the Credit Agreement and the other Loan Documents and was expressly named as a [Borrower/Facility Guarantor]
therein; and 

  

	 	c.	assume all rights and interests and perform all applicable duties and Obligations under the Credit Agreement and the other Loan Documents. 

 

	2.	Representations and Warranties. The New [Borrower/Facility Guarantor] hereby makes all representations, warranties, and covenants set forth in the Credit
Agreement and the other Loan Documents as of the date hereof (other than representations, warranties and covenants that relate solely to an earlier date). To the extent that any changes in any representations, warranties, and covenants require any
amendments to the schedules to the Credit Agreement or any of the other Loan Documents, such schedules are hereby updated, as evidenced by any supplemental schedules (if any) annexed to this Joinder. 

 

	3.	Ratification of Loan Documents. Except as specifically amended by this Joinder and the other documents executed and delivered in connection herewith, all of the
terms and conditions of the Credit Agreement and of the other Loan Documents shall remain in full force and effect as in effect prior to the date hereof, without releasing any obligors thereon or collateral security therefor.

	4.	Conditions Precedent to Effectiveness. This Joinder shall not be effective until each of the following conditions precedent have been fulfilled to the reasonable
satisfaction of the Administrative Agent: 

  

	 	a.	This Joinder shall have been duly executed and delivered by the respective parties hereto, and shall be in full force and effect and shall be in form and substance
reasonably satisfactory to the Administrative Agent. 

  

	 	b.	All action on the part of the New [Borrower/Facility Guarantor] and the other Loan Parties necessary for the valid execution, delivery and performance by the New
[Borrower/Facility Guarantor] and the other Loan Parties of this Joinder and all other documentation, instruments, and agreements to be executed in connection herewith shall have been duly and effectively taken and evidence thereof reasonably
satisfactory to the Administrative Agent shall have been provided to the Administrative Agent. 

  

	 	c.	The New [Borrower/Facility Guarantor] (and each other Loan Party, to the extent requested by the Administrative Agent) shall each have delivered the following to the
Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent: 

  

	 	i.	Certificate of Legal Existence and Good Standing issued by the Secretary of the State of its incorporation or organization. 

 

	 	ii.	Certificate of an authorized officer relating to the organization and existence of such party, the authorization of the transactions contemplated by the Loan Documents,
and attesting to the true signatures of each Person authorized as a signatory to any of the Loan Documents, together with true and accurate copies of all Charter Documents. 

 

	 	iii.	Perfection Certificate in the form of Annex I to the Security Agreement. 

 

	 	iv.	Execution and delivery by the New [Borrower/Facility Guarantor] of the following Loan Documents: 

 

	 	a)	[Joinders to the Revolving Credit Notes to the Domestic Lenders]; 

  

	 	b)	[Joinders to the Revolving Credit Notes to the Canadian Lenders]; 

  

	 	c)	[Joinder to the Swingline Note to the Domestic Swingline Lender]; 

	 	d)	[Joinder to the Swingline Note to the Canadian Swingline Lender]; 

  

	 	e)	[Joinder to the Security Documents, as applicable]; 

  

	 	f)	[Joinder to the Fee Letter]; 

  

	 	g)	[Blocked Account Agreement with                     ]; and

  

	 	h)	[add other applicable documents and agreements required by the Agents]. 

  

	 	d.	The Agents shall have received a written legal opinion of the Loan Parties’ counsel addressed to the Agents and the other Lenders, covering such matters relating
to the New [Borrower/Facility Guarantor], the Loan Documents and/or the transactions contemplated thereby as the Agents shall reasonably request. 

  

	 	e.	The Administrative Agent shall have received all documents and instruments, including UCC financing statements and PPSA registration statements, required by law or
reasonably requested by the Administrative Agent to be filed, registered, published or recorded in order to create or perfect the first priority Lien (subject only to Permitted Encumbrances having priority by operation of Applicable Law) intended to
be created under the Loan Documents and all such documents and instruments shall have been so filed, registered or recorded or other arrangements reasonably satisfactory to the Administrative Agent for such filing, registration or recordation shall
have been made. 

  

	 	f.	All fees and Credit Party Expenses incurred by the Agents in connection with the preparation and negotiation of this Joinder and related documents (including the
reasonable fees and expenses of counsel to the Agents) shall have been paid in full. 

  

	 	g.	No Default or Event of Default shall have occurred and be continuing. 

  

	 	h.	The Loan Parties shall have executed and delivered to the Agents such additional documents, instruments, and agreements as the Agents may reasonably request.

  

	5.	Miscellaneous. 

  

	 	a.	This Joinder may be executed in several counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, and
all of which together shall constitute one instrument. 

	 	b.	This Joinder expresses the entire understanding of the parties with respect to the transactions contemplated hereby. No prior negotiations or discussions shall limit,
modify, or otherwise affect the provisions hereof. 

  

	 	c.	Any determination that any provision of this Joinder or any application hereof is invalid, illegal or unenforceable in any respect and in any instance shall not effect
the validity, legality, or enforceability of such provision in any other instance, or the validity, legality or enforceability of any other provisions of this Joinder. 

 

	 	d.	The Loan Parties shall pay all Credit Party Expenses of the Agents and the Secured Parties, including, without limitation, reasonable attorneys’ fees in connection
with the preparation, negotiation, execution and delivery of this Joinder in accordance with the terms of the Credit Agreement. 

  

	 	e.	The New [Borrower/Facility Guarantor] warrants and represents that the New [Borrower/Facility Guarantor] has consulted with independent legal counsel of its selection
in connection with this Joinder and are not relying on any representations or warranties of the Agents or the Lenders or their counsel in entering into this Joinder. 

 

	 	f.	THIS JOINDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

[SIGNATURE PAGES FOLLOW] 

 IN WITNESS WHEREOF, each of the undersigned has caused this Joinder to be duly executed and
delivered by its proper and duly authorized officer as of the date set forth below. 
  

			
	NEW [BORROWER/FACILITY GUARANTOR]:
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	ADMINISTRATIVE AGENT:
	
	BANK OF AMERICA, N.A.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	CO-COLLATERAL AGENTS:
	
	BANK OF AMERICA, N.A.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	WELLS FARGO RETAIL FINANCE, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Acknowledged and Agreed: 
  

					
	TOYS “R” US-DELAWARE, INC.
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	TOYS “R” US (CANADA) LTD.
	TOYS “R” US (CANADA) LTEE
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	GEOFFREY HOLDINGS, LLC
		
	By:	 	TOYS “R” US-DELAWARE, INC.,
		 	its sole member
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	TRU-SVC, LLC
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

	
	TOYS ACQUISITION, LLC
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

					
	TRU OF PUERTO RICO, INC.
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 Exhibit I 

FORM OF CREDIT CARD NOTIFICATION 

PREPARE ON BORROWER LETTERHEAD - ONE FOR EACH PROCESSOR 

                    , 2010

  

	To:	[Name and Address of Credit Card Processor] 

(the “Processor”) 
  

	 	Re:	[Insert Name of Company] 

Merchant Account Number:
                     
 Dear
Sir/Madam: 

                   
                     , a [corporation] [limited liability company] organized and existing under the laws of
                                        
(the “Company”), has entered into various financing agreements with Bank of America, N.A., a national banking association with offices at 100 Federal Street,
9th Floor, Boston, Massachusetts 02110, as administrative
agent (in such capacity, the “Administrative Agent”), for its own benefit and the benefit of certain other secured parties (the “Secured Parties”), pursuant to which the Administrative Agent and the other Secured
Parties may from time to time make loans or furnish certain other financial accommodations to the Company. The Company’s obligations on account of such loans and financial accommodations are secured by, among other things, all credit card
charges submitted by the Company to the Processor for processing and the amounts which the Processor owes to the Company on account thereof (the “Credit Card Proceeds”). 

Until the Processor receives written notification from the Administrative Agent that the interest of the Administrative Agent and the
other Secured Parties in the Credit Card Proceeds has been terminated, all amounts as may become due from time to time from the Processor to the Company (including, without limitation, Credit Card Proceeds, payments from any reserve account or the
like, or other payments) shall be transferred only as follows: 
  

	 	a.	By ACH, Depository Transfer Check, or Electronic Depository Transfer to: 

  

									
		 	Citibank, N.A.	  		  	

									
		 	ABA #	  	  
	  		  	

									
		 	For Credit to	  	  
	  		  	
		 	Account No.	  	  
	  		  	
		 	Re: Toys “R” Us-Delaware, Inc.	  		  	

 or 
  

	 	b.	As the Processor may be otherwise instructed from time to time in writing by an officer of the Administrative Agent. 

 Upon the written request of the Administrative Agent, a copy of each periodic statement
issued by the Processor to the Company should be provided to the Administrative Agent at the following address (which address may be changed upon seven (7) days written notice given to the Processor by the Administrative Agent): 

Bank of America, N.A. 

100 Federal Street,
9th Floor 

Boston, Massachusetts 02110 

Attention: Christine Hutchinson 

Re: Toys “R” Us-Delaware, Inc. 

The Processor shall be fully protected in acting on any order or direction by the Administrative Agent respecting the Credit Card
Proceeds and other amounts without making any inquiry whatsoever as to the Administrative Agent’s right or authority to give such order or direction or as to the application of any payment made pursuant thereto, provided that the Processor does
not act with gross negligence, bad faith or willful misconduct. Nothing contained herein is intended to, nor shall it be deemed to, modify the rights and obligations of the Company and the Administrative Agent under the terms of the loan arrangement
and the loan documents executed in connection therewith between, among others, the Company and the Administrative Agent. 
 This
letter may be amended only by the written agreement of the Processor, the Company and the Administrative Agent and may be terminated solely by written notice signed by an officer of the Administrative Agent. The Company shall not have any right to
terminate this letter or, except as provided in this letter, amend it. 
  

			
	Very truly yours,
	
	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

	cc:	Bank of America, N.A., as Administrative Agent 

 Exhibit J 

Form of Compliance Certificate 

COMPLIANCE CERTIFICATE 

Date of Certificate:
                     
  

	To:	Bank of America, N.A., as Administrative Agent 

100 Federal Street,
9th Floor 

Boston, Massachusetts 02110 

Reference is made to the Second Amended and Restated Credit Agreement dated as of August     , 2010 (as amended,
modified, supplemented or restated and in effect from time to time, the “Credit Agreement”), by and between, among others (i) Toys “R” Us-Delaware, Inc., as a Domestic Borrower and as agent (in such capacity, the
“Lead Borrower”) for itself and the other Domestic Borrowers party thereto (collectively, with the Lead Borrower, the “Domestic Borrowers”), (ii) the Domestic Borrowers, (iv) Toys “R” Us (Canada)
Ltd. Toys “R” Us (Canada) Ltee (the “Canadian Borrower” and, collectively with the Domestic Borrowers, the “Borrowers”), (iv) the Facility Guarantors party thereto, (v) Bank of America, N.A., as
Administrative Agent, for its own benefit and the benefit of the other Secured Parties, (vi) Bank of America, N.A. (acting through its Canada branch), as Canadian Administrative Agent for its own benefit and the benefit of the other Secured
Parties, (vii) Bank of America, N.A. and Wells Fargo Retail Finance, LLC, as Co-Collateral Agents for their own benefit and the benefit of the other Secured Parties, and (viii) the Lenders party thereto. Terms defined in the Credit
Agreement are used herein as therein defined. 
 The undersigned, a duly authorized and acting Financial Officer of the Lead
Borrower, hereby certifies to the Administrative Agent as follows: 
  

	 	1.	Defaults/Events of Default. 

  

	 	a.	Since                      (the date of the last similar
certification), and except as set forth in Appendix I, no Default or Event of Default has occurred. 

  

	 	b.	If a Default or Event of Default has occurred
since                     (the date of the last similar certification), the Borrowers have taken or propose to take those actions with respect
to such Default or Event of Default as described on said Appendix I. 

 (Note, if no Default or Event
of Default has occurred, insert “Not Applicable”.) 

	 	2.	Monthly Excess Availability. The reasonably detailed calculations with respect to the Monthly Excess Availability for the [Fiscal Year/Fiscal Quarter] ending
                     are attached hereto as Appendix II. 

 

	 	3.	Availability. Without duplicating the calculations described in Section 2 herein, the reasonably detailed calculations setting forth compliance with the
provisions of Section 6.10 of the Credit Agreement with respect to Excess Availability are attached hereto as Appendix III. 

  

	 	4.	Store Openings/Store Closings. A list of Stores that were opened and/or closed, including, without limitation, the name and address of each such Store and date
of the opening or closing, since                      (the date of the last similar certification), is attached hereto as Appendix IV.

 (Note, if no Store openings or closings have occurred, insert “Not Applicable”.) 

 

	 	5.	GAAP. 

  

	 	a.	The financial statements furnished to the Administrative Agent for the [Fiscal Year/Fiscal Quarter] ending
                     were prepared in accordance with GAAP and present fairly in all material respects the Consolidated financial condition
and results of operations of (i) the Lead Borrower and its Subsidiaries, (ii) the Lead Borrower and its Subsidiaries (other than the Canadian Borrower and its Subsidiaries), and (iii) the Canadian Borrower and its Subsidiaries, as of
the end of, and the results of the applicable Loan Parties and their Subsidiaries’ operations and cash flows for, the period(s) covered, subject to (a) with respect to the quarterly financial statements, normal year end audit adjustments
and the absence of footnotes and (b) any changes as disclosed on Appendix V hereto. 

  

	 	b.	Except as set forth in Appendix V, there has been no change in GAAP or in the application thereof since
                     (the date of the Lead Borrower’s most recent audited financial statements), and if such a change has occurred, the
effect of such change on the financial statements is detailed in Appendix V. 

 (Note, if no change
has occurred, insert “Not Applicable”.) 
 [SIGNATURE PAGE FOLLOWS] 

 IN WITNESS WHEREOF, the Lead Borrower, on behalf of itself and each of the other Loan
Parties, has duly executed this Compliance Certificate as of                     , 20    . 

 

			
	LEAD BORROWER:
	
	TOYS “R” US-DELAWARE, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Appendix I to Compliance Certificate 

Except as set forth below, no Default or Event of Default has occurred. [If a Default or Event of Default has occurred, the following
describes the nature of the Default or Event of Default in reasonable detail and the steps, if any, being taken or contemplated by the Loan Parties to be taken on account thereof.] 

 Appendix II to Compliance Certificate 

The following is a calculation of Monthly Excess Availability for the [Fiscal Year/Fiscal Quarter] ending on
                    : 
  

 Appendix III to Compliance Certificate 

The following is a calculation of Excess Availability for the [Fiscal Year/Fiscal Quarter] ending on
                    : 

 Appendix IV to Compliance Certificate 

The following Stores were opened since
                     (the date of the last similar certification): 

 

					
	 Name
	 	 Address
	 	 Date

		 		 	
		 		 	
		 		 	

 The following Stores were closed since
                     (the date of the last similar certification): 

 

					
	 Name
	 	 Address
	 	 Date

		 		 	
		 		 	
		 		 	

 Appendix V to Compliance Certificate 

Except as set forth below, no change in GAAP or in the application thereof has occurred since the date of the Lead Borrower’s most
recent audited financial statements referred to in Section 5.01 of the Credit Agreement. [If such changes have occurred, the following describes the nature of the changes in reasonable detail and the effect, if any, of each such change in GAAP
or in the application thereof on the financial statements delivered in accordance with the Credit Agreement.] 

 Exhibit K 

Form of Borrowing Base Certificate 

Material Non-Public Information 
  

																	
	Toys “R” Us-Delaware, Inc.	 	Date:	 	 	 	 	 	 	  	 	 	 	 From:
	  	 	 
	Monthly Borrowing Base Certificate	 	Certificate #	 	 	 	 	 	 	  	 	 	 	 To:
	  	 	 
	 Domestic Borrowing Base
	 		 		 		 		  			 		  		
								
	 U.S. Credit Card Receivables
	 		 		 		 		  			 		  		
	 Eligible Credit Card Receivables
	 		 		 		 		  			 		  	—  	  
	 Credit Card Advance Rate
	 		 		 		 		  			 		  	0.00	% 
		 		 		 		 		  			 		  	 	 
	 Credit Card Receivables Availability
	 		 		 		 		  			 		  	—  	  
								
	 U.S. TRU Inventory
	 		 		 		 		  			 		  		
	 TRU Inventory
	 		 		 		 		  			 		  	—  	  
	 L/C Inventory
	 		 		 		 		  			 		  	—  	  
		 		 		 		 		  			 		  	 	 
								
	 Less Ineligibles:
	 		 		 		 		  			 		  		
	 Damaged Inventory (only if included in TRU Inventory)
	 		 		 		  			 		  	—  	  
	 Nonsaleable return to vendor Inventory (only if included in TRU Inventory)
	 		  			 		  	—  	  
	 Reduction to .com inventory for unreported sales (1 day)
	 		 		 		  			 		  	—  	  
	 Pre Receipts
	 		 		 		 		  			 		  	—  	  
	 LCM Reserve
	 		 		 		 		  			 		  	—  	  
	 Shrink
	 		 		 		 		  			 		  	—  	  
	 Puerto Rico Inventory
	 		 		 		 		  			 		  	—  	  
	 Unbooked Adjust for Duplication of Imports- Bulk Keyrecs
	 		 		 		  			 		  	—  	  
		 		 		 		 		  			 		  	 	 
	 Total Ineligible TRU Inventory
	 		 		 		 		  			 		  	—  	  
								
	 	 	 	 	 	 	 	 	NRV	  	 	 	 	 	  	 	 
		 	Low Season (1st Day after 1st Sunday after 12/15 - 10/14)	 		  			 		  		
		 	 High Season (10/15 - 1st Sunday after 12/15)
	 		  			 		  		
								
	 Total Eligible TRU Inventory
	 		 		 		 		  			 		  	—  	  
	 Inventory Advance Rate (87.5% LTV May-Sept, and 85% LTV at all other times)
	 		  			 		  	0.00	% 
		 		 		 		 		  			 		  	 	 
	 TRU Inventory Availability
	 		 		 		 		  			 		  	—  	  
								
	 TRU Intransit:
	 		 		 		 		  			 		  		
	 Imports Intransit (hard line)
	 		 		 		 		  			 		  	—  	  
	 Location 5001
	 		 		 		 		  			 		  	—  	  
	 Total Intransit
	 		 		 		 		  			 		  	—  	  
	 Inventory Advance Rate (87.5% LTV May-Sept, and 85% LTV at all other times)
	 		 		  			 		  	0.00	% 
		 		 		 		 		  			 		  	 	 
	 TRU Intransit Availability
	 		 		 		 		  			 		  	—  	  
								
	 U.S. BRU Inventory
	 		 		 		 		  			 		  		
	 BRU Inventory
	 		 		 		 		  			 		  	—  	  
								
	 Less Ineligibles:
	 		 		 		 		  			 		  		
	 Damaged Inventory (only if included in BRU Inventory)
	 		 		  			 		  	—  	  
	 Nonsaleable return to vendor Inventory ( (only if included in BRU Inventory)
	 		 		  			 		  	—  	  
	 Pre Receipts
	 		 		 		 		  			 		  	—  	  
	 LCM Reserve
	 		 		 		 		  			 		  	—  	  
	 Shrink
	 		 		 		 		  			 		  	—  	  
		 		 		 		 		  			 		  	 	 
	 Total Ineligible BRU Inventory
	 		 		 		 		  			 		  	—  	  
								
	 	 	 	 	 	 	 	 	NRV	  	 	 	 	 	  	 	 
		 	 Low Season (11/1 - 1/31)
	   
	 		  		
		 	 High Season (2/1 - 10/31)
	   
	 		  		
								
	 Total Eligible BRU Inventory
	 		 		 		 		  			 		  	—  	  
	 Inventory Advance Rate (87.5% LTV May-Sept, and 85% LTV at all other times)
	 		 		  			 		  	0.00	% 
		 		 		 		 		  			 		  	 	 
	 BRU Inventory Availability
	 		 		 		 		  			 		  	—  	  
								
	 BRU Intransit:
	 		 		 		 		  			 		  		
	 Total Intransit
	 		 		 		 		  			 		  	—  	  
	 Inventory Advance Rate (87.5% LTV May-Sept, and 85% LTV at all other times)
	 		 		  			 		  	0.00	% 
		 		 		 		 		  			 		  	 	 
	 BRU Intransit Availability
	 		 		 		 		  			 		  	—  	  
				
	 Total Intransit Availability (Capped at 12.5% of Total Combined Borrowing Base)
	  			 		  	—  	  
						
	 Total Domestic Borrowing Base Availability Before Reserves
	 		 		  			 		  	—  	  
								
	 Less: Availability Reserves
	 		 		 		 		  			 		  		
	 Landlord Lien Reserve (2 mos. Rent) (PA, WA, VA)
	 		 		  			 		  	—  	  
	 Customer Liabilities (45% of Gift Cards Outstanding less dormancy reserve)
	 		 		  			 		  	—  	  
	 GFS Liability (Guest Fulfillment Services - Pre sales/Special Orders)
	 		 		  			 		  	—  	  
	 Landed costs not yet paid
	 		 		 		 		  			 		  	—  	  
		 		 		 		 		  			 		  	 	 
	 Total Availability Reserves
	 		 		 		 		  			 		  	—  	  
								
	 Total Domestic Borrowing Base
	 		 		 		 		  			 		  	—  	  
								
	 Canadian Borrowing Base
	 		 		 		 		  			 		  		
								
	 	 	 	 	 	 	 	 	 	  	$CAN	 	 	 	  	$USD	 
	 Canadian Credit Card Receivables
	 		 		 		 		  			 		  		
	 Eligible Credit Card Receivables
	 		 		 		 		  	—  	  	 		  	—  	  
	 Credit Card Advance Rate
	 		 		 		 		  	0.00	% 	 		  	0.00	% 
	 Credit Card Receivables Availability
	 		 		 		 		  	—  	  	 		  	—  	  
								
	 Canadian TRU Inventory
	 		 		 		 		  			 		  		
	 Canadian Inventory - Stock Ledger
	 		 		 		 		  	—  	  	 		  	—  	  
	 Add: Toysrus.ca inventory
	 		 		 		 		  	—  	  	 		  	—  	  
	 Canadian Inventory
	 		 		 		 		  	—  	  	 		  	—  	  
								
	 Less Ineligibles:
	 		 		 		 		  			 		  		
	 Shrink (.8% of sales)
	 		 		 		 		  	—  	  	 		  	—  	  
	 Prepaid Sales
	 		 		 		 		  	—  	  	 		  	—  	  
	 RTV & RGD
	 		 		 		 		  	—  	  	 		  	—  	  
		 		 		 		 		  	 	 	 		  	 	 
	 Total Ineligible TRU Inventory
	 		 		 		 		  	—  	  	 		  	—  	  
								
	 	 	 	 	 	 	 	 	NRV	  	 	 	 	 	  	 	 
		 	Low Season (1st Day after 1st Sunday after 12/15 - 10/14)	 		  			 		  		
		 	 High Season (10/15 - 1st Sunday after 12/15)
	 		  			 		  		
								
	 Eligible TRU Inventory
	 		 		 		 		  	—  	  	 		  	—  	  
	 Inventory Advance Rate (87.5% LTV May-Sept, and 85% LTV at all other times)
	 		 		  	0.00	% 	 		  	0.00	% 
	 Canadian TRU Inventory Availability
	 		 		 		 		  	—  	  	 		  	—  	  
								
	 Canadian BRU Inventory
	 		 		 		 		  			 		  		
	 Canadian Inventory - Stock Ledger
	 		 		 		 		  	—  	  	 		  		
	 Less: toysrus.ca inventory
	 		 		 		 		  	—  	  	 		  	—  	  
	 Canadian Inventory
	 		 		 		 		  	—  	  	 		  	—  	  
								
	 Less Ineligibles:
	 		 		 		 		  			 		  		
	 Shrink (.8% of sales)
	 		 		 		 		  	—  	  	 		  	—  	  
	 RTV & RGD
	 		 		 		 		  	—  	  	 		  	—  	  
		 		 		 		 		  	 	 	 		  	 	 
	 Total Ineligible BRU Inventory
	 		 		 		 		  	—  	  	 		  	—  	  
								
	 Eligible BRU Inventory
	 		 		 		 		  	—  	  	 		  	—  	  
	 Inventory Advance Rate (87.5% LTV May-Sept, and 85% LTV at all other times)
	 		 		  	0.00	% 	 		  	0.00	% 
	 Canadian BRU Inventory Availability
	 		 		 		 		  	—  	  	 		  	—  	  
								
	 Canadian Real Estate Availability
	 		 		 		 		  			 		  		
	 FMV of Eligible Real Estate
	 		 		 		 		  	—  	  	 		  	—  	  
	 Less: Canadian Realty Reserves
	 		 		 		 		  	—  	  	 		  	—  	  
	 Total Eligible RE
	 		 		 		 		  	—  	  	 		  	—  	  
	 Real Estate Advance Rate
	 		 		 		 		  	0.00	% 	 		  	0.00	% 
		 		 		 		 		  	 	 	 		  	 	 
	 Real Estate Availability (capped at $75MM USD)
	 		 		  	—  	  	 		  	—  	  
								
	 Less: Availability Reserves
	 		 		 		 		  			 		  		
	 Realty Tax Reserve
	 		 		 		 		  	—  	  	 		  	—  	  
	 Landlord Lien Reserve
	 		 		 		 		  	—  	  	 		  	—  	  
	 Sales Proceed Reserve: 10% of FMV of Eligible RE Sold (capped at $10MM)
	 		 		  	—  	  	 		  	—  	  
		 		 		 		 		  			 		  	—  	  
		 		 		 		 		  	 	 	 		  	 	 
	 Total Availability Reserves
	 		 		 		 		  	—  	  	 		  	—  	  
								
	 Canadian Borrowing Base
	 		 		 		 		  	—  	  	 		  	—  	  
								
	 Canadian Borrowing Base in $USD
	 	        Exchange Rate:	 		 	        Date:	 		  			 		  	—  	  
								
	 Total Combined Borrowing Base
	 		 		 		 		  			 		  	—  	  

  

 Material Non-Public Information 

 

															
	Toys “R” Us-Delaware, Inc.	 	 	 	Date:	 	 	 	 	  	 	  	From:	  	 
	Monthly Borrowing Base Certificate	 	 	 	Certificate #	 	 	 	 	  	 	  	To:	  	 
								
	 Canadian Availability: lesser of (a) or (b) where:
	 		 		 		 		  		  		  	
								
	 	 	 	 	 	 	 	 	 	  	$CAN	  	 	  	$USD
	 (a) Canadian Credit Ceiling
	 		 		 		 		  		  		  	—  
	 less: Canadian loans outstanding ($USD)
	 		 		 		 		  		  		  	—  
	 less: Canadian loans outstanding ($CAN)
	 		 		 		 		  	—  	  		  	—  
	 less: Canadian L/Cs outstanding ($USD)
	 		 		 		 		  		  		  	—  
	 less: Canadian L/Cs outstanding ($CAN)
	 		 		 		 		  	—  	  		  	—  
		 		 		 		 		  		  		  	 
	 Total (a):
	 		 		 		 		  		  		  	—  
								
	 (b) Canadian Borrowing Base
	 		 		 		 		  		  		  	—  
	 less: Canadian loans outstanding ($USD)
	 		 		 		 		  		  		  	—  
	 less: Canadian loans outstanding ($CAN)
	 		 		 		 		  	—  	  		  	—  
	 less: Canadian L/Cs outstanding ($USD)
	 		 		 		 		  		  		  	—  
	 less: Canadian L/Cs outstanding ($CAN)
	 		 		 		 		  	—  	  		  	—  
	 Total (b):
	 		 		 		 		  		  		  	—  
								
	 Applicable Canadian Availability {lesser of (a) or (b)}
	 		 		 		 		  		  		  	—  
								
	 Domestic Availability: lesser of (a) or (b) where:
	 		 		 		 		  		  		  	
								
	 (a) Revolving Credit Ceiling
	 		 		 		 		  		  		  	—  
	 less: Domestic loans outstanding
	 		 		 		 		  		  		  	—  
	 less: Domestic L/Cs outstanding
	 		 		 		 		  		  		  	—  
	 less: Import L/Cs outstanding - Citibank HK
	 		 		 		 		  		  		  	—  
	 less: Canadian Credit Extensions
	 		 		 		 		  		  		  	—  
	 Total (a):
	 		 		 		 		  		  		  	—  
								
	 (b) Domestic Borrowing Base
	 		 		 		 		  		  		  	—  
	 less: Domestic loans outstanding
	 		 		 		 		  		  		  	—  
	 less: Domestic L/Cs outstanding
	 		 		 		 		  		  		  	—  
	 less: Import L/Cs outstanding - Citibank HK
	 		 		 		 		  		  		  	—  
	 Total (b):
	 		 		 		 		  		  		  	—  
								
	 Applicable Domestic Availability {lesser of (a) or (b)}
	 		 		 		 		  		  		  	—  
								
	 Total Excess Availability
	 		 		 		 		  		  		  	—  

  

 
 The undersigned, an Authorized Officer (as
defined in Credit Agreement referenced below) of Toys “R” Us-Delaware, Inc. represents and warrants that (A) the information set forth above and all supporting documentation delivered in connection herewith (i) is true and
correct in all material respects, (ii) has been prepared in accordance with the requirements of that certain Second Amended and Restated Credit Agreement dated August     , 2010 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by, among others, (1) Toys “R” Us – Delaware, Inc., (2) the other loan parties party thereto, (3) the Lenders party
thereto, (4) Bank of America, N.A., as Administrative Agent (in such capacity, the “Agent”), (5) Bank of America, N.A., as Canadian Agent and (6) Bank of America, N.A. and Wells Fargo Retail Finance, LLC as Co-Collateral
Agents, and (iii) is based on supporting documentation that was used by the undersigned in connection with the preparation hereof and supports the calcuations and conclusions evidenced hereby, which supporting documentation the undersigned
acknowledges must be satisfactory to Agent and (B) no Default or Event of Default (as such terms are defined in the Credit Agreement) has occurred and is outstanding. 

 

					
	
Authorized Signer                     
                           
	 		 	  

 Exhibit L 

Terms of Subordination 

All capitalized terms used but not defined herein shall have the meanings set forth in the Credit Agreement. 

1. Terms of Subordinated Indebtedness. Indebtedness shall be deemed “Subordinated Indebtedness” only if it has each of
the following characteristics: 
 a. The agreements evidencing such Indebtedness (including the subordination
provisions therein) shall have the provisions specified in paragraph 2 below; 
 b. Such Indebtedness shall not
be secured by any Lien on any assets of any Loan Party; 
 c. Such Indebtedness shall not have a stated maturity
date earlier than one hundred and eighty (180) days after the Maturity Date; 
 d. Interest and fees shall
not be payable in cash in excess of fourteen percent (14%) per annum (nothing herein being deemed to limit any payment-in-kind interest); 

e. No principal amortization shall be required prior to the Maturity Date (other than on account of payments upon the
occurrence of a Change in Control or as a result of acceleration upon the occurrence of an event of default); and 

f. The maximum aggregate principal amount of Subordinated Indebtedness outstanding at any time shall not exceed
$500,000,000 (excluding any capitalized or accrued interest, reasonable closing costs, expenses, fees and premiums). 
 2.
Subordination Agreement Provisions. Each Subordination Agreement shall have the following provisions: 

a. Acknowledgement of Senior Obligations. Each Subordinated Indebtedness Creditor (or the indenture trustee, as
applicable) shall acknowledge the Obligations [the Canadian Liabilities] (the “Senior Obligations”) and acknowledge and agree that the Subordinated Indebtedness is expressly junior in right of payment to the Senior Obligations.

 b. Proceedings. In the event of any voluntary or involuntary insolvency, bankruptcy, receivership,
custodianship, liquidation, dissolution, reorganization, assignment for the benefit of creditors, appointment of a custodian, receiver, trustee or other officer with similar powers or any other proceeding for the liquidation, dissolution or other
winding up, under the Bankruptcy Code or other Applicable Law (each a “Proceeding”), with respect to any Loan Party that is an obligor of the Subordinated Indebtedness (a “Loan Party Obligor”), (i) all Senior
Obligations (other than contingent indemnity obligations with respect to then unasserted claims) first shall be paid in full in 

 
cash before any payment of or with respect to the Subordinated Indebtedness shall be made; and (ii) any payment or distribution by any Loan Party, whether in cash, property or securities
(excluding the exchange for, or payments consisting of, securities or other Indebtedness of a Loan Party or any of its Affiliates which is subordinated on the same terms as set forth herein), which, but for the terms hereof, otherwise would be
payable or deliverable in respect of the Subordinated Indebtedness shall be paid or delivered directly to the Administrative Agent or the Canadian Agent, as applicable, for the benefit of the Secured Parties until all Senior Obligations (other than
contingent indemnity obligations with respect to then unasserted claims) are paid in full in cash. 
 c.
Payments. No Loan Party may make, and the Subordinated Indebtedness Creditors may not receive, any payment of principal, interest, fees or any other amount due with respect to any Subordinated Indebtedness prior to the payment in full of the
Senior Obligations (other than contingent indemnity obligations with respect to then unasserted claims) in cash and the termination of the Commitments, except that (i) as long as no payment default then exists and no Proceeding is then pending,
the Loan Party Obligors may pay, when due, and the Subordinated Indebtedness Creditors may receive, regularly scheduled required payments of interest and “AHYDO” catch-up payments relating to the Subordinated Indebtedness
(“Permitted Payments”) and (ii) as long as the Payment Conditions have been satisfied, the Loan Party Obligors may otherwise pay or prepay the Subordinated Indebtedness. 

d. Notices. The Loan Parties shall covenant and agree to provide prompt written notice to the Administrative Agent
or the Canadian Agent, as applicable, upon the occurrence of any default or event of default under the agreements evidencing the Subordinated Indebtedness. 

e. Amendments. The documents evidencing the Subordinated Indebtedness will not permit the modification of any of
the terms of any of the Subordinated Indebtedness which would cause this Exhibit L to be violated or would otherwise violate the terms of the Loan Documents. 

f. Incorrect Payments. If any payment or distribution on account of the Subordinated Indebtedness not permitted to
be made by any Loan Party or received by the Subordinated Indebtedness Creditor hereunder is received by a Subordinated Indebtedness Creditor (whether from a Loan Party Obligor, on account of the exercise of remedies by the Subordinated Indebtedness
Creditor or otherwise) before all Senior Obligations (other than contingent indemnity obligations with respect to then unasserted claims) have been paid in full in cash and the Commitments have been terminated, such payment or distribution shall be
held in trust by the Subordinated Indebtedness Creditor for the benefit of the holders of the Senior Obligations (other than contingent indemnity obligations with respect to then unasserted claims) and shall be promptly paid over to the
Administrative Agent or the Canadian Agent, as applicable. 
  

  

EXHIBIT M: CLOSING AGENDA 
  

 
 SECOND AMENDED AND RESTATED
REVOLVING CREDIT FACILITY 
 AMONG 

TOYS “R” US-DELAWARE, INC., 

as the Lead Borrower 

FOR 
 THE
BORROWERS PARTY THERETO 
 THE FACILITY GUARANTORS PARTY THERETO 

BANK OF AMERICA, N.A., 

as Administrative Agent 

BANK OF AMERICA, N.A., (ACTING THROUGH ITS CANADA BRANCH), 

as Canadian Agent 

BANK OF AMERICA, N.A., 

WELLS FARGO RETAIL FINANCE, LLC 

as Co-Collateral Agents 

THE LENDERS PARTY THERETO 

WELLS FARGO RETAIL FINANCE, LLC 

JPMORGAN CHASE BANK, N.A. 

as Co-Syndication Agents 

CITIBANK GLOBAL MARKETS INC. 

DEUTSCHE BANK AG NEW YORK BRANCH

as Co-Documentation Agents 

BANC OF AMERICA SECURITIES LLC 

WELLS FARGO CAPITAL FINANCE, LLC 

JPMORGAN SECURITIES, INC. 

as Joint Lead Arrangers 

and 
 BANC OF
AMERICA SECURITIES LLC 
 WELLS FARGO CAPITAL FINANCE, LLC 

JPMORGAN SECURITIES, INC. 

CITIBANK GLOBAL MARKETS INC. 

DEUTSCHE BANK SECURITIES INC.

as Joint Bookrunners 
  

 
 AUGUST     ,
2010 
  
  

 Item 

PART ONE: LOAN AND OPERATIVE DOCUMENTS 
  

	1.	Second Amended and Restated Credit Agreement 

  

	 	a.	Exhibits: 

  

	 	i.	Exhibit A-1: Assignment and Acceptance (Domestic Lenders) 

  

	 	ii.	Exhibit A-2: Assignment and Acceptance (Canadian Lenders) 

  

	 	iii.	Exhibit B: Customs Broker Agreement 

  

	 	iv.	Exhibit C-1: Notice of Borrowing (Domestic Borrowers) 

  

	 	v.	Exhibit C-2: Notice of Borrowing (Canadian Borrower) 

  

	 	vi.	Exhibit D: Revolving Credit Note to Domestic Lenders 

  

	 	vii.	Exhibit E: Revolving Credit Note to Canadian Lenders 

  

	 	viii.	Exhibit F: Swingline Note to Domestic Swingline Lender 

  

	 	ix.	Exhibit G: Swingline Note to Canadian Swingline Lender 

  

	 	x.	Exhibit H: Form of Joinder 

  

	 	xi.	Exhibit I: Form of Credit Card Notification 

  

	 	xii.	Exhibit J: Form of Compliance Certificate 

  

	 	xiii.	Exhibit K: Form of Borrowing Base Certificate 

  

	 	xiv.	Exhibit L: Terms of Subordination 

  

	 	xv.	Exhibit M: Closing Agenda 

  

	 	xvi.	Exhibit N: Form of Tri-Party Agreement 

	 	b.	Schedules: 

  

	 	i.	Schedule 1.1: Lenders and Commitments 

  

	 	ii.	Schedule 1.2: Non-Material Canadian Subsidiaries 

  

	 	iii.	Schedule 1.3: Non-Material Domestic Subsidiaries 

  

	 	iv.	Schedule 1.4: Propco

  

	 	v.	Schedule 2.18(b): Credit Card Arrangements

  

	 	vi.	Schedule 2.18(c)(ii): Blocked Accounts

  

	 	vii.	Schedule 3.01: Organization Information 

  

	 	viii.	Schedule 3.05(c)(i): Owned Real Estate

  

	 	ix.	Schedule 3.05(c)(ii): Leased Real Estate

  

	 	x.	Schedule 3.06(a): Disclosed Matters

  

	 	xi.	Schedule 3.06(b): Environmental Matters

  

	 	xii.	Schedule 3.12: Subsidiaries; Joint Ventures

  

	 	xiii.	Schedule 3.12: Insurance

  

	 	xiv.	Schedule 3.14: Collective Bargaining Agreements

  

	 	xv.	Schedule 5.01(a): Business Segment Reporting Requirements

  

	 	xvi.	Schedule 5.01(i): Reporting Requirements

  

	 	xvii.	Schedule 6.01: Existing Indebtedness

  

	 	xviii.	Schedule 6.01(z): Existing Joint Venture Guarantees

  

	 	xix.	Schedule 6.02: Existing Encumbrances 

  

	 	xx.	Schedule 6.04: Existing Investments 

  

	 	xxi.	Schedule 6.04(g): Investment Policy 

  

	 	xxii.	Schedule 6.07: Affiliate Transactions 

  

	2.	Revolving Credit Notes 

  

	3.	Joinder, Confirmation, and Amendment of Ancillary Loan Documents 

  

	 	a.	Exhibits A and B to Security Agreement and Updated Schedules to Security Agreement 

 

	4.	UCC-1 Financing Statements for new Loan Parties: 

  

	 	a.	Toys Acquisition, LLC (Delaware Secretary of State) 

  

	 	b.	TRU of Puerto, Inc. (Puerto Rico Secretary of State) 

  

	5.	Confirmation of Intellectual Property Rights Agreement – Geoffrey, LLC 

 

	6.	Perfection Certificates for each of the Loan Parties listed on Schedule I attached hereto 

 

	7.	Officer’s Closing Certificate 

  

	8.	Landlord’s Waiver from MAP 2005 Real Estate, LLC 

PART TWO: ORGANIZATIONAL AND AUTHORITY DOCUMENTS 
  

	9.	Current Corporate Organizational Chart 

  

	10.	Secretary’s/Officer’s Certificate for each of the Loan Parties listed on Schedule I, attaching the following: 

 

	 	a.	Certificate/Articles of Incorporation 

  

	 	b.	By-Laws 

  

	 	c.	Resolutions 

  

	 	d.	Updated Incumbency 

	11.	Updated Certificate of Status/Good Standing from jurisdiction of organization for each of the Loan Parties listed on Schedule I attached hereto [(other than TRU
of Puerto Rico, Inc.)] 

 PART THREE: MISCELLANEOUS 

 

	12.	UCC and Tax Lien Searches 

  

	13.	Updated PPSA Registration and RDPRM Registration Lien Searches 

  

	14.	Enforceability and Due Authorization Opinions of Counsel to Borrowers and Facility Guarantors: 

 

	 	a.	Toys “R” Us-Delaware, Inc., Geoffrey Holdings, LLC, and Toys Acquisition, LLC: Simpson Thacher & Bartlett LLP 

 

	 	b.	TRU-SVC, LLC: Hunton & Williams LLP (Virginia) 

  

	 	c.	Toys “R” Us (Canada) Ltd.: Borden Ladner Gervais LLP (Canada) 

  

	 	d.	TRU of Puerto Rico, Inc: O’Neill & Borges (Puerto Rico) 

  

	15.	Post-Closing Letter 

 Schedule I 

Loan Parties 
  

			
	 LOAN PARTY
	 	 PLACE OF
INCORPORATION

	DOMESTIC BORROWERS	 	
	TOYS “R” US-DELAWARE, INC. (ALSO LEAD BORROWER)
	 	DELAWARE
	DOMESTIC GUARANTORS	 	
	GEOFFREY HOLDINGS, LLC	 	DELAWARE
	TRU-SVC, LLC	 	VIRGINIA
	TRU OF PUERTO RICO, INC.	 	PUERTO RICO
	TOYS ACQUISITION, LLC	 	DELAWARE
	CANADIAN BORROWERS	 	
	 TOYS “R” US (CANADA) LTD.

TOYS “R” US (CANADA) LTEE
	 	ONTARIO, CANADA

 Exhibit N 

Form of Tri-Party Agreement 

Name and Address of Freight Forwarder: 

[                    ] 

Dear Sir/Madam: 

Toys “R” Us-Delaware, Inc., a corporation organized and existing under the laws of Delaware (the
“Company”), among others, has entered into various financing agreements with, among others, Bank of America, N.A., a national banking association with offices at 100 Federal Street,
9th Floor, Boston, Massachusetts 02110, as administrative
agent (in such capacity, the “Administrative Agent”), for its own benefit and the benefit of certain other secured parties (the “Secured Parties”) which are making loans or furnishing other financial accommodations
to the Company, pursuant to which agreements the Company, among others, has granted to the Administrative Agent, for its own benefit and the benefit of the other Secured Parties, a security interest in and to, among other things, substantially all
of the assets of the Company (the “Collateral”), including, without limitation, all of the Company’s inventory, goods, documents, waybills, bills of lading and other documents of title. 

Pursuant to that certain [name of agreement], dated as of
                    , by and between [the Company] and
                    , attached hereto as Exhibit A (as amended and in effect from time to time, the “Service
Agreement”), [name(s) of freight forwarder(s)], provide certain freight warehouse, consolidation and other services to the Company. [Name(s) of freight forwarder(s)] (together with any of their affiliates providing services to the Company
under the Service Agreement, collectively, the “Freight Forwarder”) agrees to act as agent and bailee for the Administrative Agent and the Company for the limited purpose of more fully perfecting and protecting the interest of the
Administrative Agent in goods and inventory of the Company which may be in the possession or control of the Freight Forwarder from time to time, as well as any waybills, forwarder’s cargo receipts, bills of lading, documents, and any other
documents of title or carriage constituting, evidencing, or relating to such good and inventory (collectively, the “Documents of Carriage”) that may be issued in connection therewith and which may be in the possession or control of
the Freight Forwarder from time to time. This letter shall set forth the terms of the Freight Forwarder’s engagement. 
 1.
Acknowledgment of Security Interest; Power of Attorney: The Freight Forwarder acknowledges, consents, and agrees that the Company has granted to the Administrative Agent, for its own benefit and the benefit of the other Secured Parties, a
security interest and first priority lien on all of the Company’s right, title, and interest in, to and under all goods, inventory, documents, Documents of Carriage and any contracts or agreements with carriers, customs brokers, and/or freight
forwarders for shipment or delivery of such goods and inventory. The Freight Forwarder further agrees that: (i) it shall act as the Company’s agent and bailee for the purpose of receiving any goods, inventory, Documents of Carriage or
other property of the Company (collectively, the “Property”); (ii) the Company holds title to all Property while in the custody or control of the Freight Forwarder; (iii) upon receipt of any Property, the Freight Forwarder
shall promptly notify the Company that is holding such Property on behalf of the Company; and (iv) the Freight Forwarder shall not deliver any Property to a third party for shipment and delivery unless any related Documents of Carriage reflect
the Company as both “consignor/shipper” and “consignee” and such third party is advised of the Administrative Agent’s first priority lien on the Property and rights with respect thereto. 

 2. Appointment of Freight Forwarder as Agent of Administrative Agent: The Freight
Forwarder is hereby appointed as agent for the Administrative Agent to receive and retain possession of any Property, such receipt and retention of possession being for the purpose of more fully perfecting and preserving the Administrative
Agent’s security interests in the Property. The Freight Forwarder will maintain possession of the Property, subject to the security interest of the Administrative Agent, and will note the security interest of the Administrative Agent on the
Freight Forwarder’s books and records. If the Freight Forwarder receives notice from any seller of any Property of its intent to stop delivery of such Property to the Company, the Freight Forwarder shall promptly notify the Administrative Agent
of same and, in all such cases, shall follow solely the instructions of the Administrative Agent concerning the release, transfer, or other disposition of the Property and will not follow any instructions of the Company or any other person
concerning the same. 
 3. Delivery of Title Documents; Release of Goods: Until the Freight Forwarder receives written
notification from the Administrative Agent to the contrary, the Freight Forwarder is authorized by the Administrative Agent to, and the Freight Forwarder may, deliver the Property, in each instance as directed by the Company. 

4. Notice From Administrative Agent To Follow Administrative Agent’s Instructions: Upon the Freight Forwarder’s receipt
of written notification from the Administrative Agent, the Freight Forwarder shall promptly cease complying with the instructions of the Company and shall thereafter follow solely the instructions of the Administrative Agent concerning the release,
transfer, or other disposition of the Property and will not follow any instructions of the Company or any other person concerning the same. 

5. Limited Authority: The Freight Forwarder’s sole authority as the agent of the Administrative Agent is to receive and
maintain possession of the Property on behalf of the Administrative Agent and to follow the instructions of the Administrative Agent as provided herein. Except as may be specifically authorized and instructed by the Administrative Agent, the Freight
Forwarder shall have no authority as the agent of the Administrative Agent to undertake any other action or to enter into any other commitments on behalf of the Administrative Agent. 

6. Expenses: Neither the Administrative Agent nor any other Secured Party shall be obligated to compensate the Freight Forwarder
for serving as agent hereunder. The Freight Forwarder acknowledges that the Company is solely responsible for payment of any compensation and charges. The Administrative Agent and Secured Parties are not responsible for paying any fees, expenses, or
other charges which are, or may become, due from the Company to the Freight Forwarder or any other person or governmental authority on account of, or which are assessed against, the Property. 

 7. Notices: All notices and other communications called for hereunder shall be
effective if hand delivered or sent by facsimile or e-mail, and addressed to the applicable party hereto at such party’s address as follows (or to such other address, written notice of which is given by such party to the other parties hereto in
writing with at least seven (7) days’ prior notice): 
 If to the Administrative Agent: 

Bank of America, N.A. 

100 Federal Street,
9th Floor 

Boston, Massachusetts 02110 

Attention: Ms. Christine Hutchinson 

Re: Toys “R” Us-Delaware, Inc. 

Fax: (617) 434-4339 

E-mail: Christine.hutchinson@bankofamerica.com 

If to the Company: 

Toys “R” Us-Delaware, Inc. 

One Geoffrey Way 

Wayne, New Jersey 07470 

Attention: Chief Financial Officer 

Fax: (973) 617-4006 

E-mail: 
 with
a copy to: 
 Toys “R” Us-Delaware, Inc. 

One Geoffrey Way 

Wayne, New Jersey 07470 

Attention: General Counsel 

Fax: (973) 617-4043 

If to the Freight Forwarder: 

[                    ]

 Attention: 

Fax: 
 E-mail:

 8. Term; Amendment: 

a. In the event that the Freight Forwarder desires to terminate this Agreement, the Freight Forwarder shall furnish the
Administrative Agent with sixty (60) days’ prior written notice of the Freight Forwarder’s intention to do so. During such sixty (60) day period (which may be shortened by notice to the Freight Forwarder from the Administrative
Agent), the Freight Forwarder shall continue to serve as agent hereunder. The Freight Forwarder shall also cooperate with the Administrative Agent and undertake all such actions as may be reasonably required by the Administrative Agent in connection
with such termination. Any notice shall be in accordance with Section 64. 
 b. Except as provided in
Section 21.a, above, this Agreement shall remain in full force and effect until the Freight Forwarder receives written notification from the Administrative Agent of the termination of the Freight Forwarder’s responsibilities
hereunder. This Agreement may be amended only by notice in writing signed by the Company and an officer of the Administrative Agent and may be terminated solely by written notice signed by an officer of the Administrative Agent. 

 9. Freight Forwarder’s Lien: The Freight Forwarder hereby waives any lien,
security interest, or right of retention (whether arising by contract, statute or otherwise) Freight Forwarder now has or hereafter may acquire on or in any Documents of Carriage and Property. 

10. Counterparts; Integration: This agreement may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This agreement constitutes the entire agreement between the Freight Forwarder and the Administrative Agent relating
to the subject matter hereof. In the event of any conflict between this agreement and the terms of the Service Agreement, the terms of this agreement shall govern. This agreement shall become effective when it shall have been executed by the parties
and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns. Delivery of an executed counterpart of a signature page of this agreement by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this agreement.

 11. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE
STATE OF NEW YORK WITHOUT REGARD TO ITS CONFLICT OF LAWS PRINCIPLES. Each party agrees that any suit for the enforcement of this Agreement may be brought in the courts of the State of New York sitting in the Borough of Manhattan or any federal
court sitting therein and consents to the non-exclusive jurisdiction of such courts. Each party to this Agreement hereby waives any objection which it may now or hereafter have to the venue of any such suit or any such court or that such suit is
brought in an inconvenient forum and agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

12. Jury Trial Waiver. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

[SIGNATURE PAGE FOLLOWS] 

 If the foregoing correctly sets forth our understanding, please indicate the Freight
Forwarder’s assent below. 
  

			
	Very truly yours,
	
	COMPANY:
	
	TOYS “R” US-DELAWARE, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

Agreed: 
  

			
	FREIGHT FORWARDER:
	
	[NAME OF FREIGHT FORWARDER]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	ADMINISTRATIVE AGENT:
	
	BANK OF AMERICA, N.A.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [FORM] 

SCHEDULES TO 

SECOND AMENDED AND RESTATED 

SENIOR SECURED REVOLVING CREDIT FACILITY 

among 

TOYS “R” US-DELAWARE, INC., 

as the Lead Borrower 

For 

THE BORROWERS PARTY THERETO 

THE FACILITY GUARANTORS PARTY THERETO 

BANK OF AMERICA, N.A., 

as Administrative Agent 

BANK OF AMERICA, N.A., (ACTING THROUGH ITS CANADA BRANCH), 

as Canadian Agent 

BANK OF AMERICA, N.A., 

WELLS FARGO RETAIL FINANCE, LLC 

as Co-Collateral Agents 

THE LENDERS PARTY THERETO 

WELLS FARGO RETAIL FINANCE, LLC 

as Syndication Agent, 

DEUTSCHE BANK AG NEW YORK BRANCH, 

GMAC COMMERCIAL FINANCE, LLC 

as Co-Documentation Agents, 

BANC OF AMERICA SECURITIES LLC 

WELLS FARGO RETAIL FINANCE, LLC 

as Joint Lead Arrangers, 

and 

BANC OF AMERICA SECURITIES LLC 

WELLS FARGO RETAIL FINANCE, LLC 

DEUTSCHE BANK AG NEW YORK BRANCH 

as Joint Bookrunners 

August         , 2010 

 SCHEDULES 

 

			
	Schedule 1.1:	 	Lenders and Commitments
	Schedule 1.2:	 	Non-Material Canadian Subsidiaries
	Schedule 1.3:	 	Non-Material Domestic Subsidiaries
	Schedule 1.4:	 	Propco
	Schedule 2.18(b):	 	Credit Card Arrangements
	Schedule 2.18(c)(ii):	 	Blocked Accounts
	Schedule 3.01:	 	Organization Information
	Schedule 3.05(c)(i):	 	Owned Real Estate
	Schedule 3.05(c)(ii):	 	Leased Real Estate
	Schedule 3.06(a):	 	Disclosed Matters
	Schedule 3.06(b):	 	Environmental Matters
	Schedule 3.12:	 	Subsidiaries; Joint Ventures
	Schedule 3.13:	 	Insurance
	Schedule 3.14:	 	Collective Bargaining Agreements
	Schedule 5.01(a):	 	Business Segment Reporting Requirements
	Schedule 5.01(i):	 	Reporting Requirements
	Schedule 6.01:	 	Existing Indebtedness
	Schedule 6.01(z):	 	Existing Joint Venture Guarantees
	Schedule 6.02:	 	Existing Encumbrances
	Schedule 6.04:	 	Existing Investments
	Schedule 6.04(g):	 	Investment Policy
	Schedule 6.07:	 	Affiliate Transactions

 Schedule 1.1 

Lenders and Commitments 
  

													
	 Lender
	  	Domestic
Commitment	  	Domestic
Commitment
Percentage	  	Canadian
Commitment	  	Canadian
Commitment
Percentage	  	Total
Commitment	  	Total
Commitment
Percentage
		  		  		  		  		  		  	

 Schedule 1.2 

Non-Material Canadian Subsidiaries 

None. 

 Schedule 1.3 

Non-Material Domestic Subsidiaries 
  

	1.	Giraffe Holdings, LLC 

  

	2.	SALTRU Associates Joint Venture (50% ownership interest) 

  

	3.	Toys “R” Us Service, LLC 

  

	4.	TRU Hong Kong Holdings, LLC 

  

	5.	TRU BVI, LTD. 

  

	6.	TRU (HK) Limited 

  

	7.	ZT Winston Salem Associates 

 Schedule 1.4 

Propco 
  

	1.	Giraffe Holdings, LLC 

  

	2.	Giraffe Junior Holdings, LLC 

  

	3.	Toys “R” Us Property Company II, LLC 

 Schedule 2.18(b) 

Credit Card Arrangements 

 Schedule 2.18(c)(ii) 

Blocked Accounts 

Toys “R” Us-Delaware, Inc. 
  

	I.	Citibank, N.A. 

 388
Greenwich Street 
 New York, NY 10013 

Telephone: (212) 816-8103 

Attn: Kay Casanova 
  

	 	1.	Account *** 

	 	2.	Account *** 

	 	3.	Account *** 

	 	4.	Account *** 

	 	5.	Account *** 

	 	6.	Account *** 

	 	7.	Account *** 

	 	8.	Account *** 

  

	II.	Wells Fargo / Wachovia Bank 

40 West 57th Street, 16th Floor 

New York, NY 10019-4001 

Telephone: (212) 707-6983 

Attn: John Quimby 

WELLS FARGO *** 

WACHOVIA *** 
  

	III.	US Bank 

1350 Euclid Ave. 

Suite 1100 

Cleveland, OH 44115 

Telephone: (216) 623-9235 

Beth Ladd 

Account *** 
  

	IV.	Bank of America 

 One
Landmark Square 
 12th floor 

Stamford, CT 06901 

Telephone: (203) 905-4119 

Attn: Stuart Putnam 

Account *** 

Account *** 

Account *** 

 Toys “R” Us (Canada) Ltd. 

 

	I.	CIBC 

 Commerce Court
West, 13th Floor 

Toronto, Ontario 
 M5L 1A2 

Telephone: (416) 980-6434 
 Attn: Anwur
Khadaroo 
  

	 	1.	Account *** 

	 	2.	Account *** 

	 	3.	Account *** 

	 	4.	Account *** 

	 	5.	Account *** 

	 	6.	Account *** 

	 	7.	Account *** 

	 	8.	Account *** 

	 	9.	Account *** 

	 	10.	Account *** 

	 	11.	Account *** 

  

	II.	HSBC Canada 

 3601 Highway #7 East

 Markham Ontario 
 Attention: Dave
Irving, Assistant Vice President 
  

	 	1.	Account *** 

	 	2.	Account *** 

	 	3.	Account *** 

	 	4.	Account *** 

	 	5.	Account *** 

	 	6.	Account *** 

 TRU Puerto Rico, Inc.

  

	I.	Banco Popular 

 209 Ponce de Leon Ave,
Hato Rey, 
 PR 00919 
  

	 	1.	Account *** 

	 	2.	Account *** 

  

	II.	Citibank 

 270 Munoz Rivera Ave, Hato Rey,
PR 00918 
 Account *** 
  

 2 

 Schedule 3.01 

Organization Information 
  

									
	 Name
	  	 State of Incorporation/
Organization
	  	 Organization Type
	  	 Organizational ID
Number
	  	FEIN
					
	Geoffrey Holdings, LLC	  	Delaware	  	Limited Liability Company	  	3996823	  	03-0565219
					
	Toys “R” Us-Delaware, Inc.	  	Delaware	  	Corporation	  	0231103	  	13-5159250
					
	TRU-SVC, LLC	  	Virginia	  	Limited Liability Company	  	S1 58900-3	  	03-0565215
					
	Toys “R” Us (Canada) Ltd. Toys “R” Us (Canada) Ltee	  	Ontario, Canada	  	Corporation	  	536980	  	105336788RC001
					
	TRU of Puerto Rico, Inc.	  	Puerto Rico	  	Corporation	  	69,608	  	52-1573925
					
	Toys Acquisition, LLC	  	Delaware	  	Limited Liability Company	  	4689123	  	27-0209866

 Schedule 3.05(c)(i) 

Owned Real Estate 

(1) Domestic Owned Real Estate 
  

									
	 Store No.
	  	 Address
	  	 City
	  	 State
	  	 Landlord

	5601	  		  	Rialto	  	CA	  	Toys “R” Us-Delaware, Inc.
	5618	  		  	Moreno Valley	  	CA	  	Toys “R” Us-Delaware, Inc.
	5620	  		  	Palm Desert	  	CA	  	Toys “R” Us-Delaware, Inc.
	6005	  		  	Melrose	  	IL	  	Toys “R” Us-Delaware, Inc.
	6012	  		  	Downers Grove	  	IL	  	Toys “R” Us-Delaware, Inc.
	6022	  		  	West Dundee	  	IL	  	Toys “R” Us-Delaware, Inc.
	6026	  		  	Highland Park	  	IL	  	Toys “R” Us-Delaware, Inc.
	6034	  		  	Chicago	  	IL	  	Toys “R” Us-Delaware, Inc.
	6301	  		  	Flanders	  	NJ	  	Toys “R” Us-Delaware, Inc.
	6310	  		  	Valley Stream	  	NY	  	Toys “R” Us-Delaware, Inc.
	6554	  		  	Emeryville	  	CA	  	Toys “R” Us-Delaware, Inc.
	7043	  		  	Lake Charles	  	LA	  	Toys “R” Us-Delaware, Inc.
	7701	  		  	Midlothian	  	TX	  	Toys “R” Us-Delaware, Inc.
	7812	  		  	Plano	  	TX	  	Toys “R” Us-Delaware, Inc.
	7813	  		  	Irving	  	TX	  	Toys “R” Us-Delaware, Inc.
	7820	  		  	Glen Lakes Dallas	  	TX	  	Toys “R” Us-Delaware, Inc.
	8314	  		  	Newark	  	DE	  	Toys “R” Us-Delaware, Inc.
	8316	  		  	Marlow Heights	  	MD	  	Toys “R” Us-Delaware, Inc.
	8376	  		  	Winston-Salem	  	NC	  	Toys “R” Us-Delaware, Inc.
	8706	  		  	Plantation	  	FL	  	Toys “R” Us-Delaware, Inc.
	8741	  		  	Jacksonville	  	FL	  	Toys “R” Us-Delaware, Inc.

  

									
	 Store No.
	  	 Address
	  	 City
	  	 State
	  	 Landlord

	8803	  		  	Morrow	  	GA	  	Toys “R” Us-Delaware, Inc.
	8827	  		  	Mobile	  	AL	  	Toys “R” Us-Delaware, Inc.
	9501	  		  	Lee Summit	  	MO	  	Toys “R” Us-Delaware, Inc.
	9511	  		  	Kansas City	  	MO	  	Toys “R” Us-Delaware, Inc.
	9533	  		  	Fort Collins	  	CO	  	Toys “R” Us-Delaware, Inc.

  

 2 

 (2) Canadian Owned Real Estate 

 

									
	 Store No.
	  	 Location
	  	 Address
	  	 City
	  	Province
	3503	  	Hamilton	  		  	Hamilton	  	Ontario
	3504	  	London	  		  	London	  	Ontario
	3505	  	Thornhill	  		  	Thornhill	  	Ontario
	3506	  	Sherway	  		  	Etobicoke	  	Ontario
	3507	  	Kitchener	  		  	Kitchener	  	Ontario
	3508	  	Whitby	  		  	Whitby	  	Ontario
	3511	  	Brossard	  		  	Brossard	  	Quebec
	3516	  	Gatineau	  		  	Gatineau	  	Quebec
	3520	  	St. Catharines	  		  	St. Catharines	  	Ontario
	3521	  	South Edmonton	  		  	Edmonton	  	Alberta
	3522	  	West Edmonton	  		  	Edmonton	  	Alberta
	3523	  	Sunridge	  		  	Calgary	  	Alberta
	3524	  	Macleod Trail	  		  	Calgary	  	Alberta
	3525	  	Polo Park	  		  	Winnipeg	  	Manitoba
	3526	  	Kildonan	  		  	Winnipeg	  	Manitoba
	3527	  	Nepean	  		  	Nepean	  	Ontario
	3529	  	Barrie	  		  	Barrie	  	Ontario
	3533	  	Coquitlam	  		  	Coquitlam	  	BC
	3535	  	Edmonton	  		  	Edmonton	  	Alberta
	3536	  	Kingston	  		  	Kingston	  	Ontario
	3538	  	Saint-Bruno	  		  	Saint-Bruno	  	Quebec
	3543	  	Lethbridge	  		  	Lethbridge	  	Alberta
	3545	  	Regina	  		  	Regina	  	Saskatchewan
	3501 DC/SSC	  	Concord	  		  	Concord	  	Ontario

 Schedule 3.05(c)(ii) 

Leased Real Estate 

(1) Domestic Leased Real Estate 
  

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	8017	  		  	Anchorage	  	AK	  	TRU 2005 RE I, LLC
	6427	  		  	Huntsville	  	AL	  	Third Party
	8804	  		  	Montgomery	  	AL	  	TRU 2005 RE I, LLC
	8809	  		  	Huntsville	  	AL	  	Third Party
	8828	  		  	Mobile	  	AL	  	Third Party
	8831	  		  	Hoover	  	AL	  	TOYS PROPCO II
	8838	  		  	Dothan	  	AL	  	TRU 2005 RE I, LLC
	8848	  		  	Tuscaloosa	  	AL	  	Third Party
	8862	  		  	Homewood	  	AL	  	TOYS PROPCO II
	7712	  		  	Little Rock	  	AR	  	Third Party
	7818	  		  	North Little Rock	  	AR	  	TRU 2005 RE I, LLC
	7821	  		  	Fort Smith	  	AR	  	Third Party
	7830	  		  	Little Rock	  	AR	  	TRU 2005 RE I, LLC
	7833	  		  	Fayetteville	  	AR	  	TRU 2005 RE I, LLC
	5640	  		  	Tucson	  	AZ	  	TRU 2005 RE I, LLC
	5641	  		  	Goodyear	  	AZ	  	Third Party
	5643	  		  	Mesa	  	AZ	  	Third Party
	5644	  		  	Phoenix	  	AZ	  	Third Party
	5644	  		  	Phoenix	  	AZ	  	Third Party
	5645	  		  	Phoenix	  	AZ	  	Third Party
	5646	  		  	Tucson	  	AZ	  	Third Party
	5651	  		  	Mesa	  	AZ	  	TOYS PROPCO II
	5652	  		  	Scottsdale	  	AZ	  	Third Party
	5663	  		  	Yuma	  	AZ	  	TRU 2005 RE I, LLC
	5664	  		  	Glendale	  	AZ	  	TRU 2005 RE I, LLC
	5670	  		  	Phoenix	  	AZ	  	Third Party
	5679	  		  	Arrowhead	  	AZ	  	TOYS PROPCO II
	5682	  		  	Chandler	  	AZ	  	Third Party
	5694	  		  	Tuscon	  	AZ	  	TOYS PROPCO II
	6465	  		  	Phoenix	  	AZ	  	Third Party
	6561	  		  	Mesa	  	AZ	  	Third Party
	1231	  		  	Sacremento	  	CA	  	Third Party
	1259	  		  	Fresno	  	CA	  	Third Party
	1259	  		  	Fresno	  	CA	  	Third Party
	1312	  		  	Carlsbad	  	CA	  	Third Party
	1345	  		  	Cerritos	  	CA	  	Third Party
	5602	  		  	Van Nuys	  	CA	  	Third Party
	5603	  		  	Burbank	  	CA	  	Third Party
	5604	  		  	Covina	  	CA	  	TRU 2005 RE I, LLC
	5605	  		  	Bakersfield	  	CA	  	Third Party
	5605	  		  	Bakersfield	  	CA	  	TRU 2005 RE I, LLC

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	5610	  		  	Woodland Hills	  	CA	  	Third Party
	5611	  		  	Riverside	  	CA	  	TOYS PROPCO II
	5613	  		  	Ventura	  	CA	  	TRU 2005 RE I, LLC
	5614	  		  	City Of Industry	  	CA	  	TRU 2005 RE I, LLC
	5615	  		  	Lancaster	  	CA	  	TRU 2005 RE I, LLC
	5616	  		  	West Los Angeles	  	CA	  	Third Party
	5617	  		  	Thousand Oaks	  	CA	  	TRU 2005 RE I, LLC
	5618	  		  	Riverside	  	CA	  	Third Party
	5619	  		  	Victorville	  	CA	  	TRU 2005 RE I, LLC
	5621	  		  	La Mirada	  	CA	  	Third Party
	5622	  		  	Torrance	  	CA	  	TRU 2005 RE I, LLC
	5625	  		  	Chula Vista	  	CA	  	Third Party
	5626	  		  	La Mesa	  	CA	  	Third Party
	5627	  		  	Oceanside	  	CA	  	TRU 2005 RE I, LLC
	5628	  		  	San Diego	  	CA	  	TRU 2005 RE I, LLC
	5629	  		  	Bell Gardens	  	CA	  	TOYS PROPCO II
	5630	  		  	Cerritos	  	CA	  	TRU 2005 RE I, LLC
	5632	  		  	Culver City	  	CA	  	TRU 2005 RE I, LLC
	5633	  		  	Escondido	  	CA	  	Third Party
	5634	  		  	Huntington Beach	  	CA	  	Third Party
	5636	  		  	Santa Maria	  	CA	  	TRU 2005 RE I, LLC
	5637	  		  	Fontana	  	CA	  	Third Party
	5638	  		  	Tustin	  	CA	  	Third Party
	5647	  		  	Fullerton	  	CA	  	Third Party
	5649	  		  	Murietta	  	CA	  	TOYS PROPCO II
	5650	  		  	Hawthorne	  	CA	  	TRU 2005 RE I, LLC
	5653	  		  	National City	  	CA	  	Third Party
	5654	  		  	Montebello	  	CA	  	Third Party
	5655	  		  	Monrovia	  	CA	  	Third Party
	5656	  		  	Anaheim Hills	  	CA	  	Third Party
	5657	  		  	Chino Hills	  	CA	  	Third Party
	5657	  		  	Pomona	  	CA	  	Third Party
	5658	  		  	Yuma	  	CA	  	TRU 2005 RE I, LLC
	5659	  		  	Mission Viejo	  	CA	  	TOYS PROPCO II
	5662	  		  	Alhambra	  	CA	  	TRU 2005 RE I, LLC
	5666	  		  	N. Santa Clarita	  	CA	  	TRU 2005 RE I, LLC
	5667	  		  	Glendale	  	CA	  	Third Party
	5668	  		  	West Covina	  	CA	  	Third Party
	5669	  		  	Irvine	  	CA	  	Third Party
	5671	  		  	La Mesa	  	CA	  	TRU 2005 RE I, LLC
	5672	  		  	Brea	  	CA	  	Third Party
	5675	  		  	Oxnard	  	CA	  	TOYS PROPCO II
	5676	  		  	Calabasas	  	CA	  	Third Party
	5677	  		  	Van Nuys	  	CA	  	TOYS PROPCO II
	5678	  		  	Cerritos	  	CA	  	TRU 2005 RE I, LLC
	5680	  		  	Torrance	  	CA	  	Third Party

  

 2 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	5681	  		  	Northridge	  	CA	  	TRU 2005 RE I, LLC
	5683	  		  	Ontario	  	CA	  	Third Party
	5684	  		  	Visalia	  	CA	  	TRU 2005 RE I, LLC
	5692	  		  	Fresno	  	CA	  	TRU 2005 RE I, LLC
	5692	  		  	Fresno	  	CA	  	TRU 2005 RE I, LLC
	5693	  		  	Ontario	  	CA	  	Third Party
	5801	  		  	Stockton	  	CA	  	TRU 2005 RE I, LLC
	5802	  		  	Fresno	  	CA	  	Third Party
	5802	  		  	Fresno	  	CA	  	Third Party
	5803	  		  	Pleasant Hill	  	CA	  	Third Party
	5804	  		  	Pinole	  	CA	  	TRU 2005 RE I, LLC
	5806	  		  	Elk Grove	  	CA	  	Third Party
	5807	  		  	Sacramento	  	CA	  	Third Party
	5808	  		  	Citrus Heights	  	CA	  	Third Party
	5809	  		  	Modesto	  	CA	  	TOYS PROPCO II
	5810	  		  	Stockton	  	CA	  	Third Party
	5811	  		  	Dublin	  	CA	  	Third Party
	5812	  		  	Fairfield	  	CA	  	Third Party
	5813	  		  	San Jose	  	CA	  	TRU 2005 RE I, LLC
	5814	  		  	Sunnyvale	  	CA	  	TRU 2005 RE I, LLC
	5815	  		  	Santa Rosa	  	CA	  	TRU 2005 RE I, LLC
	5817	  		  	Hayward	  	CA	  	TRU 2005 RE I, LLC
	5818	  		  	San Jose	  	CA	  	TRU 2005 RE I, LLC
	5819	  		  	San Jose	  	CA	  	Third Party
	5819	  		  	East San Jose	  	CA	  	Third Party
	5820	  		  	Salinas	  	CA	  	TRU 2005 RE I, LLC
	5821	  		  	Redwood City	  	CA	  	Third Party
	5822	  		  	Newark	  	CA	  	Third Party
	5824	  		  	Chico	  	CA	  	TRU 2005 RE I, LLC
	5825	  		  	Pittsburg	  	CA	  	TRU 2005 RE I, LLC
	5829	  		  	San Rafael	  	CA	  	TRU 2005 RE I, LLC
	5832	  		  	Yuba City	  	CA	  	Third Party
	5841	  		  	Clovis	  	CA	  	TRU 2005 RE I, LLC
	5842	  		  	Roseville	  	CA	  	TRU 2005 RE I, LLC
	5843	  		  	Santa Cruz	  	CA	  	Third Party
	5845	  		  	San Mateo	  	CA	  	TRU 2005 RE I, LLC
	5857	  		  	Brentwood	  	CA	  	Third Party
	5858	  		  	Salinas	  	CA	  	Third Party
	6431	  		  	Union City	  	CA	  	Third Party
	6432	  		  	Bakersfield	  	CA	  	TRU 2005 RE I, LLC
	6447	  		  	Folsom	  	CA	  	Third Party
	6463	  		  	Westminster	  	CA	  	TRU 2005 RE I, LLC
	6490	  		  	Stockton	  	CA	  	TRU 2005 RE I, LLC
	6511	  		  	Marin City	  	CA	  	Third Party
	6512	  		  	Murrieta	  	CA	  	Third Party
	6517	  		  	Redwood City	  	CA	  	Third Party

  

 3 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	6534	  		  	Chula Vista	  	CA	  	Third Party
	6540	  		  	Simi Valley	  	CA	  	Third Party
	6546	  		  	Lake Forest	  	CA	  	Third Party
	6549	  		  	Fairfield	  	CA	  	TRU 2005 RE I, LLC
	6557	  		  	Mira Mesa	  	CA	  	Third Party
	6558	  		  	Colma	  	CA	  	TRU 2005 RE I, LLC
	6581	  		  	Santa Clarita	  	CA	  	Third Party
	6583	  		  	Redlands	  	CA	  	Third Party
	6622	  		  	Corona	  	CA	  	Third Party
	9566	  		  	Dublin	  	CA	  	TOYS PROPCO II
	9569	  		  	San Jose	  	CA	  	Third Party
	9573	  		  	Modesto	  	CA	  	TOYS PROPCO II
	9580	  		  	Roseville	  	CA	  	Third Party
	9581	  		  	Vista	  	CA	  	TOYS PROPCO II
	6521	  		  	Aurora	  	CO	  	Third Party
	9528	  		  	Aurora	  	CO	  	TRU 2005 RE I, LLC
	9529	  		  	Colorado Springs	  	CO	  	TRU 2005 RE I, LLC
	9531	  		  	Westminster	  	CO	  	TOYS PROPCO II
	9533	  		  	Fort Collins	  	CO	  	Third Party
	9540	  		  	Englewood	  	CO	  	TRU 2005 RE I, LLC
	9545	  		  	Littleton	  	CO	  	Third Party
	9553	  		  	Westminster	  	CO	  	Third Party
	9575	  		  	Colorado Springs	  	CO	  	TRU 2005 RE I, LLC
	9579	  		  	Highlands Ranch	  	CO	  	TOYS PROPCO II
	6300	  		  	Rocky Hill	  	CT	  	Third Party
	6326	  		  	Milford	  	CT	  	TOYS PROPCO II
	6332	  		  	Danbury	  	CT	  	Third Party
	6353	  		  	Norwalk	  	CT	  	TOYS PROPCO II
	6366	  		  	North Haven	  	CT	  	Third Party
	6366	  		  	Hamden	  	CT	  	Third Party
	6392	  		  	West Hartford	  	CT	  	TRU 2005 RE I, LLC
	6429	  		  	Manchester	  	CT	  	Third Party
	6441	  		  	Milford	  	CT	  	TOYS PROPCO II
	6491	  		  	Waterford	  	CT	  	Third Party
	6518	  		  	Danbury	  	CT	  	Third Party
	7509	  		  	Waterbury	  	CT	  	TRU 2005 RE I, LLC
	7510	  		  	West Hartford	  	CT	  	Third Party
	7515	  		  	Waterford	  	CT	  	TRU 2005 RE I, LLC
	7532	  		  	Manchester	  	CT	  	Third Party
	7536	  		  	Newington	  	CT	  	TRU 2005 RE I, LLC
	6376	  		  	Newark	  	DE	  	Third Party
	8320	  		  	Dover	  	DE	  	TRU 2005 RE I, LLC
	1248	  		  	Miami	  	FL	  	TRU 2005 RE I, LLC
	6409	  		  	Boca Raton	  	FL	  	TRU 2005 RE I, LLC
	6428	  		  	Jacksonville	  	FL	  	TRU 2005 RE I, LLC
	6446	  		  	Brandon	  	FL	  	TRU 2005 RE I, LLC

  

 4 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	6456	  		  	Clearwater	  	FL	  	Third Party
	6510	  		  	North Miami	  	FL	  	Third Party
	6536	  		  	Ft. Myers	  	FL	  	Third Party
	6556	  		  	Sarasota	  	FL	  	TRU 2005 RE I, LLC
	6577	  		  	Port St. Lucie	  	FL	  	Third Party
	6584	  		  	Tampa	  	FL	  	Third Party
	6605	  		  	Kissimmee	  	FL	  	Third Party
	6755	  		  	Coral Springs	  	FL	  	Third Party
	8702	  		  	Royal Palm Beach	  	FL	  	TRU 2005 RE I, LLC
	8703	  		  	Miami	  	FL	  	TOYS PROPCO II
	8705	  		  	Hialeah	  	FL	  	Third Party
	8707	  		  	Miami	  	FL	  	TRU 2005 RE I, LLC
	8708	  		  	Cutler Ridge	  	FL	  	TRU 2005 RE I, LLC
	8709	  		  	North Miami Beach	  	FL	  	Third Party
	8710	  		  	Fort Myers	  	FL	  	Third Party
	8712	  		  	Palm Beach Gardens,	  	FL	  	TRU 2005 RE I, LLC
	8713	  		  	Boca Raton	  	FL	  	Third Party
	8714	  		  	Ft. Lauderdale	  	FL	  	TRU 2005 RE I, LLC
	8715	  		  	Kendall	  	FL	  	Third Party
	8716	  		  	Boynton Beach	  	FL	  	TRU 2005 RE I, LLC
	8718	  		  	Daytona Beach	  	FL	  	TRU 2005 RE I, LLC
	8724	  		  	Altamonte Springs	  	FL	  	TRU 2005 RE I, LLC
	8725	  		  	Orlando	  	FL	  	Third Party
	8725	  		  	So. Orlando	  	FL	  	TRU 2005 RE I, LLC
	8726	  		  	Orlando	  	FL	  	TOYS PROPCO II
	8727	  		  	Wesley Chapel	  	FL	  	Third Party
	8728	  		  	Clearwater	  	FL	  	TRU 2005 RE I, LLC
	8729	  		  	Jacksonville	  	FL	  	Third Party
	8730	  		  	Tallahasse	  	FL	  	TRU 2005 RE I, LLC
	8731	  		  	Bradenton	  	FL	  	TRU 2005 RE I, LLC
	8732	  		  	Orange Park	  	FL	  	Third Party
	8733	  		  	Gainesville	  	FL	  	Third Party
	8734	  		  	Lakeland	  	FL	  	TRU 2005 RE I, LLC
	8735	  		  	St. Petersburg	  	FL	  	Third Party
	8736	  		  	Jensen Beach	  	FL	  	TRU 2005 RE I, LLC
	8737	  		  	New Port Richey	  	FL	  	TRU 2005 RE I, LLC
	8738	  		  	Ocala	  	FL	  	TRU 2005 RE I, LLC
	8739	  		  	Port Charlotte	  	FL	  	TRU 2005 RE I, LLC
	8740	  		  	W. Melbourne	  	FL	  	TRU 2005 RE I, LLC
	8743	  		  	Pembroke Pines	  	FL	  	TOYS PROPCO II
	8744	  		  	Brandon	  	FL	  	TRU 2005 RE I, LLC
	8745	  		  	Sanford	  	FL	  	TRU 2005 RE I, LLC
	8747	  		  	Panama City	  	FL	  	TRU 2005 RE I, LLC
	8748	  		  	Winter Haven	  	FL	  	Third Party

  

 5 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	8749	  		  	Naples	  	FL	  	TRU 2005 RE I, LLC
	8750	  		  	Merritt Island	  	FL	  	TRU 2005 RE I, LLC
	8751	  		  	W. Orlando	  	FL	  	TRU 2005 RE I, LLC
	8819	  		  	Pensacola	  	FL	  	TRU 2005 RE I, LLC
	8826	  		  	Miami	  	FL	  	Third Party
	8856	  		  	Orlando	  	FL	  	Third Party
	8857	  		  	Miami	  	FL	  	Third Party
	8859	  		  	Tampa	  	FL	  	Third Party
	8861	  		  	Pembroke Pines	  	FL	  	Third Party
	8865	  		  	Lauderhill	  	FL	  	Third Party
	8879	  		  	West Palm Beach	  	FL	  	TRU 2005 RE I, LLC
	8893	  		  	Altamonte	  	FL	  	Third Party
	6403	  		  	Douglasville	  	GA	  	TRU 2005 RE I, LLC
	6437	  		  	Lithonia	  	GA	  	TRU 2005 RE I, LLC
	6519	  		  	Newnan	  	GA	  	TRU 2005 RE I, LLC
	8746	  		  	Valdosta	  	GA	  	Third Party
	8754	  		  	Savannah	  	GA	  	TRU 2005 RE I, LLC
	8801	  		  	Mcdonough	  	GA	  	TRU 2005 RE I, LLC
	8805	  		  	Atlanta	  	GA	  	TRU 2005 RE I, LLC
	8807	  		  	Tucker	  	GA	  	Third Party
	8811	  		  	Duluth	  	GA	  	Third Party
	8812	  		  	Atlanta	  	GA	  	TRU 2005 RE I, LLC
	8814	  		  	Augusta	  	GA	  	TRU 2005 RE I, LLC
	8815	  		  	Kennesaw	  	GA	  	TRU 2005 RE I, LLC
	8818	  		  	Columbus	  	GA	  	Third Party
	8818	  		  	Columbus	  	GA	  	Third Party
	8820	  		  	Fayetteville	  	GA	  	TRU 2005 RE I, LLC
	8842	  		  	Albany	  	GA	  	TRU 2005 RE I, LLC
	8845	  		  	Morrow	  	GA	  	Third Party
	8846	  		  	Athens	  	GA	  	TRU 2005 RE I, LLC
	8847	  		  	Alpharetta	  	GA	  	TRU 2005 RE I, LLC
	8851	  		  	Warner Robins	  	GA	  	TRU 2005 RE I, LLC
	8852	  		  	Rome	  	GA	  	TRU 2005 RE I, LLC
	8853	  		  	Douglasville	  	GA	  	TRU 2005 RE I, LLC
	8854	  		  	Kennesaw	  	GA	  	Third Party
	8855	  		  	Evans	  	GA	  	Third Party
	8864	  		  	Alpharetta	  	GA	  	Third Party
	8866	  		  	Atlanta	  	GA	  	Third Party
	8870	  		  	Buford	  	GA	  	Third Party
	8870	  		  	Buford	  	GA	  	Third Party
	8891	  		  	Gwinnett	  	GA	  	TRU 2005 RE I, LLC
	8892	  		  	Dunwoody	  	GA	  	Third Party
	5639	  		  	Aiea	  	HI	  	Third Party
	6642	  		  	Pearl City	  	HI	  	Third Party
	6040	  		  	Cedar Rapids	  	IA	  	TRU 2005 RE I, LLC
	6041	  		  	Davenport	  	IA	  	TOYS PROPCO II

  

 6 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	6062	  		  	Waterloo	  	IA	  	TRU 2005 RE I, LLC
	9507	  		  	Clive	  	IA	  	TOYS PROPCO II
	9517	  		  	Des Moines	  	IA	  	Third Party
	9524	  		  	Sioux City	  	IA	  	Third Party
	9539	  		  	Council Bluffs	  	IA	  	TRU 2005 RE I, LLC
	9587	  		  	Clive	  	IA	  	Third Party
	6475	  		  	Meridian	  	ID	  	TRU 2005 RE I, LLC
	8014	  		  	Boise	  	ID	  	TRU 2005 RE I, LLC
	8021	  		  	Idaho Falls	  	ID	  	TRU 2005 RE I, LLC
	1139	  		  	Chicago	  	IL	  	Third Party
	1163	  		  	Downer’s Grove	  	IL	  	Third Party
	1184	  		  	N. Riverside	  	IL	  	Third Party
	6001	  		  	Joliet	  	IL	  	Third Party
	6002	  		  	Peoria	  	IL	  	TRU 2005 RE I, LLC
	6003	  		  	Springfield	  	IL	  	Third Party
	6004	  		  	Burbank	  	IL	  	TRU 2005 RE I, LLC
	6006	  		  	Niles	  	IL	  	TOYS PROPCO II
	6008	  		  	Bloomington	  	IL	  	TRU 2005 RE I, LLC
	6009	  		  	Schaumburg	  	IL	  	TRU 2005 RE I, LLC
	6010	  		  	Downers Grove	  	IL	  	TRU 2005 RE I, LLC
	6016	  		  	North Riverside	  	IL	  	TRU 2005 RE I, LLC
	6017	  		  	Aurora	  	IL	  	TRU 2005 RE I, LLC
	6018	  		  	Joliet	  	IL	  	TRU 2005 RE I, LLC
	6018	  		  	Joliet	  	IL	  	TRU 2005 RE I, LLC
	6019	  		  	Chicago	  	IL	  	Third Party
	6020	  		  	Bloomingdale	  	IL	  	TOYS PROPCO II
	6021	  		  	Matteson	  	IL	  	TRU 2005 RE I, LLC
	6022	  		  	Algonquin	  	IL	  	Third Party
	6023	  		  	Orland Park	  	IL	  	TOYS PROPCO II
	6028	  		  	Vernon Hills	  	IL	  	TRU 2005 RE I, LLC
	6034	  		  	Rockford	  	IL	  	Third Party
	6049	  		  	Moline	  	IL	  	TRU 2005 RE I, LLC
	6054	  		  	Gurnee	  	IL	  	TOYS PROPCO II
	6057	  		  	Champaign	  	IL	  	TRU 2005 RE I, LLC
	6063	  		  	St. Charles	  	IL	  	TRU 2005 RE I, LLC
	6080	  		  	Crystal Lake	  	IL	  	Third Party
	6502	  		  	Springfield	  	IL	  	Third Party
	6505	  		  	Fairview Hts	  	IL	  	TOYS PROPCO II
	6544	  		  	Chicago	  	IL	  	Third Party
	6576	  		  	Shorewood	  	IL	  	Third Party
	8927	  		  	Marion	  	IL	  	TRU 2005 RE I, LLC
	9236	  		  	Schaumburg	  	IL	  	Third Party
	9238	  		  	Naperville	  	IL	  	Third Party
	9246	  		  	Burbank	  	IL	  	Third Party
	9248	  		  	Orland Park	  	IL	  	TOYS PROPCO II
	9258	  		  	Lombard	  	IL	  	TRU 2005 RE I, LLC

  

 7 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	9285	  		  	Niles	  	IL	  	Third Party
	9293	  		  	Vernon Hills	  	IL	  	Third Party
	9510	  		  	Fairview Heights	  	IL	  	TOYS PROPCO II
	6013	  		  	Mishawaka	  	IN	  	TRU 2005 RE I, LLC
	6015	  		  	Hobart	  	IN	  	Third Party
	6025	  		  	Lafayette	  	IN	  	TRU 2005 RE I, LLC
	6464	  		  	Granger	  	IN	  	TRU 2005 RE I, LLC
	6471	  		  	Evansville	  	IN	  	TRU 2005 RE I, LLC
	8902	  		  	Indianapolis	  	IN	  	TOYS PROPCO II
	8909	  		  	Indianapolis	  	IN	  	Third Party
	8913	  		  	Indianapolis	  	IN	  	TRU 2005 RE I, LLC
	8918	  		  	Evansville	  	IN	  	Third Party
	8920	  		  	Fort Wayne	  	IN	  	Third Party
	8924	  		  	Clarksville	  	IN	  	TRU 2005 RE I, LLC
	8925	  		  	Terre Haute	  	IN	  	TRU 2005 RE I, LLC
	8936	  		  	Muncie	  	IN	  	TRU 2005 RE I, LLC
	9237	  		  	Indianapolis	  	IN	  	Third Party
	9243	  		  	Indianapolis	  	IN	  	Third Party
	9290	  		  	Fort Wayne	  	IN	  	TOYS PROPCO II
	9294	  		  	Merrillville	  	IN	  	TOYS PROPCO II
	6550	  		  	Wichita	  	KS	  	TRU 2005 RE I, LLC
	9503	  		  	Overland Park	  	KS	  	TRU 2005 RE I, LLC
	9504	  		  	Topeka	  	KS	  	Third Party
	9514	  		  	Wichita	  	KS	  	TRU 2005 RE I, LLC
	9556	  		  	Overland Park	  	KS	  	TRU 2005 RE I, LLC
	9564	  		  	Olathe	  	KS	  	TRU 2005 RE I, LLC
	6575	  		  	Florence	  	KY	  	Third Party
	8903	  		  	Florence	  	KY	  	TOYS PROPCO II
	8906	  		  	Louisville	  	KY	  	TRU 2005 RE I, LLC
	8907	  		  	Louisville	  	KY	  	TRU 2005 RE I, LLC
	8914	  		  	St. Matthews	  	KY	  	Third Party
	8917	  		  	Lexington	  	KY	  	TRU 2005 RE I, LLC
	8923	  		  	Bowling Green	  	KY	  	TRU 2005 RE I, LLC
	8923	  		  	Bowling Green	  	KY	  	TRU 2005 RE I, LLC
	8928	  		  	Paducah	  	KY	  	Third Party
	9245	  		  	Louisville	  	KY	  	TRU 2005 RE I, LLC
	9257	  		  	Lexington	  	KY	  	TRU 2005 RE I, LLC
	7016	  		  	Metairie	  	LA	  	Third Party
	7017	  		  	Baton Rouge	  	LA	  	TRU 2005 RE I, LLC
	7018	  		  	Marrero	  	LA	  	Third Party
	7022	  		  	Monroe	  	LA	  	Third Party
	7026	  		  	Lafayette	  	LA	  	TOYS PROPCO II
	7044	  		  	Slidell	  	LA	  	Third Party
	7703	  		  	Metairie	  	LA	  	Third Party
	7831	  		  	Bossier City	  	LA	  	TRU 2005 RE I, LLC
	9559	  		  	Baton Rouge	  	LA	  	Third Party

  

 8 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	1127	  		  	Springfield	  	MA	  	MAP 2005 REAL ESTATE LLC
	6383	  		  	Braintree	  	MA	  	TOYS PROPCO II
	6384	  		  	Peabody	  	MA	  	MAP 2005 REAL ESTATE LLC
	6388	  		  	North Attleboro	  	MA	  	TOYS PROPCO II
	6443	  		  	Everett	  	MA	  	TOYS PROPCO II
	6450	  		  	Framingham	  	MA	  	MAP REAL ESTATE, LLC
	6468	  		  	Millbury	  	MA	  	MAP 2005 REAL ESTATE LLC
	6555	  		  	Holyoke	  	MA	  	MAP 2005 REAL ESTATE LLC
	7503	  		  	Peabody	  	MA	  	MAP 2005 REAL ESTATE LLC
	7504	  		  	Auburn	  	MA	  	MAP 2005 REAL ESTATE LLC
	7505	  		  	Framingham	  	MA	  	MAP REAL ESTATE, LLC
	7506	  		  	Woburn	  	MA	  	MAP 2005 REAL ESTATE LLC
	7507	  		  	Dedham	  	MA	  	Third Party
	7508	  		  	Springfield	  	MA	  	MAP REAL ESTATE, LLC
	7512	  		  	Swansea	  	MA	  	MAP REAL ESTATE, LLC
	7520	  		  	Kingston	  	MA	  	TOYS PROPCO II
	7522	  		  	Brockton	  	MA	  	TOYS PROPCO II
	7524	  		  	North Attleboro	  	MA	  	TOYS PROPCO II
	7527	  		  	Leominster	  	MA	  	MAP 2005 REAL ESTATE LLC
	7530	  		  	Hyannis	  	MA	  	MAP 2005 REAL ESTATE LLC
	7534	  		  	Dartmouth	  	MA	  	TOYS PROPCO II
	7535	  		  	Bellingham	  	MA	  	MAP 2005 REAL ESTATE LLC
	6414	  		  	White Oak	  	MD	  	TOYS PROPCO II
	6477	  		  	Waldorf	  	MD	  	Third Party
	6559	  		  	Towson	  	MD	  	TRU 2005 RE II Trust
	8301	  		  	Frederick	  	MD	  	TRU 2005 RE II Trust
	8316	  		  	Clinton	  	MD	  	TRU 2005 RE II Trust
	8319	  		  	Gaithersburg	  	MD	  	Third Party
	8324	  		  	Rockville	  	MD	  	Third Party
	8332	  		  	Owings Mill	  	MD	  	TRU 2005 RE II Trust
	8333	  		  	Waldorf	  	MD	  	TRU 2005 RE II Trust
	8336	  		  	Annapolis	  	MD	  	TOYS PROPCO II
	8343	  		  	Laurel	  	MD	  	Third Party

  

 9 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	8344	  		  	Catonsville	  	MD	  	TRU 2005 RE II Trust
	8345	  		  	Hagerstown	  	MD	  	Third Party
	8348	  		  	Bel Air	  	MD	  	Third Party
	8350	  		  	Glen Burnie	  	MD	  	Third Party
	8354	  		  	Baltimore	  	MD	  	TOYS PROPCO II
	8361	  		  	Frederick	  	MD	  	TRU 2005 RE II Trust
	8363	  		  	Columbia	  	MD	  	Third Party
	8363	  		  	Columbia	  	MD	  	TRU 2005 RE II Trust
	8385	  		  	Salisbury	  	MD	  	TRU 2005 RE II Trust
	8874	  		  	Baltimore	  	MD	  	Third Party
	8875	  		  	Pasadena	  	MD	  	Third Party
	6430	  		  	Portland	  	ME	  	TRU 2005 RE I, LLC
	7513	  		  	South Portland	  	ME	  	TRU 2005 RE I, LLC
	7519	  		  	Bangor	  	ME	  	TRU 2005 RE I, LLC
	1167	  		  	Detroit	  	MI	  	Third Party
	6068	  		  	Flint	  	MI	  	TRU 2005 RE I, LLC
	6069	  		  	Saginaw	  	MI	  	TRU 2005 RE I, LLC
	6070	  		  	Grand Rapids	  	MI	  	TRU 2005 RE I, LLC
	6072	  		  	Portage	  	MI	  	TRU 2005 RE I, LLC
	6074	  		  	Walker	  	MI	  	TRU 2005 RE I, LLC
	6077	  		  	Jackson	  	MI	  	Third Party
	6078	  		  	Muskegon Heights	  	MI	  	TRU 2005 RE I, LLC
	6079	  		  	Traverse City	  	MI	  	TRU 2005 RE I, LLC
	6440	  		  	Taylor	  	MI	  	Third Party
	6442	  		  	Pittsfield	  	MI	  	TRU 2005 RE I, LLC
	6469	  		  	Portage	  	MI	  	TRU 2005 RE I, LLC
	6486	  		  	Saginaw	  	MI	  	TRU 2005 RE I, LLC
	6543	  		  	Lansing	  	MI	  	Third Party
	9247	  		  	Sterling Heights	  	MI	  	Third Party
	9249	  		  	Northville	  	MI	  	TOYS PROPCO II
	9250	  		  	Roseville	  	MI	  	TRU 2005 RE I, LLC
	9255	  		  	Flint	  	MI	  	TOYS PROPCO II
	9260	  		  	Grand Rapids	  	MI	  	TRU 2005 RE I, LLC
	9262	  		  	Southgate	  	MI	  	TOYS PROPCO II
	9263	  		  	Madison Heights	  	MI	  	TOYS PROPCO II
	9264	  		  	Southfield	  	MI	  	TRU 2005 RE I, LLC
	9265	  		  	Livonia	  	MI	  	TRU 2005 RE I, LLC
	9266	  		  	Roseville	  	MI	  	TRU 2005 RE I, LLC
	9268	  		  	Dearborn	  	MI	  	TRU 2005 RE I, LLC
	9269	  		  	Sterling Heights	  	MI	  	TOYS PROPCO II
	9270	  		  	Ann Arbor	  	MI	  	Third Party
	9271	  		  	Westland	  	MI	  	TOYS PROPCO II
	9273	  		  	Pontiac	  	MI	  	TRU 2005 RE I, LLC
	9274	  		  	Novi	  	MI	  	TRU 2005 RE I, LLC
	9278	  		  	Fort Gratiot	  	MI	  	TRU 2005 RE I, LLC
	9280	  		  	Auburn Hills	  	MI	  	TOYS PROPCO II

  

 10 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	9287	  		  	Okemos	  	MI	  	TRU 2005 RE I, LLC
	6029	  		  	Burnsville	  	MN	  	TRU 2005 RE I, LLC
	6043	  		  	Bloomington	  	MN	  	Third Party
	6044	  		  	Minnetonka	  	MN	  	TRU 2005 RE I, LLC
	6046	  		  	Maplewood	  	MN	  	TRU 2005 RE I, LLC
	6047	  		  	Blaine	  	MN	  	TRU 2005 RE I, LLC
	6050	  		  	Rochester	  	MN	  	TRU 2005 RE I, LLC
	6056	  		  	Saint Cloud	  	MN	  	TRU 2005 RE I, LLC
	6545	  		  	Roseville	  	MN	  	Third Party
	6551	  		  	Woodbury	  	MN	  	TRU 2005 RE I, LLC
	9560	  		  	Richfield	  	MN	  	Third Party
	9576	  		  	Maple Grove	  	MN	  	TRU 2005 RE I, LLC
	1218	  		  	Independence	  	MO	  	Third Party
	1271	  		  	Chesterfield	  	MO	  	Third Party
	1294	  		  	St. Peters	  	MO	  	TOYS PROPCO II
	9502	  		  	Independence	  	MO	  	Third Party
	9508	  		  	St. Peters,	  	MO	  	TOYS PROPCO II
	9512	  		  	Springfield	  	MO	  	Third Party
	9513	  		  	Ferguson	  	MO	  	TRU 2005 RE I, LLC
	9515	  		  	Chesterfield	  	MO	  	Third Party
	9516	  		  	South St. Louis Cit	  	MO	  	TRU 2005 RE I, LLC
	9518	  		  	Joplin	  	MO	  	TRU 2005 RE I, LLC
	9519	  		  	Missouri	  	MO	  	Third Party
	9520	  		  	Kansas City	  	MO	  	Third Party
	9523	  		  	Columbia	  	MO	  	TRU 2005 RE I, LLC
	9541	  		  	St. Louis	  	MO	  	Third Party
	9543	  		  	Independence	  	MO	  	Third Party
	9551	  		  	Hazelwood	  	MO	  	TRU 2005 RE I, LLC
	9565	  		  	Crestwood	  	MO	  	TRU 2005 RE I, LLC
	9583	  		  	Kansas City	  	MO	  	Third Party
	9586	  		  	Chesterfield	  	MO	  	TRU 2005 RE I, LLC
	7023	  		  	North Jackson	  	MS	  	TRU 2005 RE I, LLC
	7040	  		  	Hattiesburg	  	MS	  	Third Party
	7707	  		  	Flowood	  	MS	  	Third Party
	8850	  		  	Tupelo	  	MS	  	TRU 2005 RE I, LLC
	9590	  		  	Meridian	  	MS	  	TRU 2005 RE I, LLC
	8020	  		  	Billings	  	MT	  	TRU 2005 RE I, LLC
	6426	  		  	Winston-Salem	  	NC	  	Third Party
	6448	  		  	Hickory	  	NC	  	Third Party
	6562	  		  	Durham	  	NC	  	Third Party
	8372	  		  	Hickory	  	NC	  	Third Party
	8373	  		  	Greensboro	  	NC	  	Third Party
	8374	  		  	Fayetteville	  	NC	  	Third Party
	8375	  		  	Wilmington	  	NC	  	TRU 2005 RE I, LLC
	8378	  		  	Greenville	  	NC	  	TRU 2005 RE I, LLC

  

 11 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	8379	  		  	Cary	  	NC	  	TOYS PROPCO II
	8381	  		  	Durham	  	NC	  	Third Party
	8816	  		  	Ashville	  	NC	  	Third Party
	8825	  		  	Concord	  	NC	  	Third Party
	8834	  		  	Gastonia	  	NC	  	Third Party
	8837	  		  	Asheville	  	NC	  	TRU 2005 RE I, LLC
	8841	  		  	Pineville	  	NC	  	TOYS PROPCO II
	8878	  		  	Pineville	  	NC	  	Third Party
	8881	  		  	Concord (Charlotte)	  	NC	  	Third Party
	8889	  		  	Raleigh	  	NC	  	Third Party
	8894	  		  	Greensboro	  	NC	  	Third Party
	9591	  		  	Jacksonville	  	NC	  	TRU 2005 RE I, LLC
	9538	  		  	Fargo	  	ND	  	TRU 2005 RE I, LLC
	6507	  		  	Omaha	  	NE	  	Third Party
	9505	  		  	Omaha	  	NE	  	Third Party
	9521	  		  	Omaha	  	NE	  	TRU 2005 RE I, LLC
	9522	  		  	Lincoln	  	NE	  	TRU 2005 RE I, LLC
	1267	  		  	Nashua	  	NH	  	TRU 2005 RE I, LLC
	6459	  		  	Salem	  	NH	  	TRU 2005 RE I, LLC
	6492	  		  	Nashua	  	NH	  	Third Party
	7511	  		  	Manchester	  	NH	  	TOYS PROPCO II
	7514	  		  	Newington	  	NH	  	TRU 2005 RE I, LLC
	7521	  		  	Nashua	  	NH	  	TRU 2005 RE I, LLC
	7523	  		  	Salem	  	NH	  	TOYS PROPCO II
	7528	  		  	Concord	  	NH	  	TRU 2005 RE I, LLC
	5250	  		  	Fort Lee	  	NJ	  	Third Party
	6304	  		  	Totowa	  	NJ	  	Third Party
	6305	  		  	East Brunswick	  	NJ	  	Third Party
	6306	  		  	Paramus	  	NJ	  	Third Party
	6307	  		  	Watchung	  	NJ	  	Third Party
	6313	  		  	Eatontown	  	NJ	  	Third Party
	6315	  		  	Jersey City	  	NJ	  	Third Party
	6318	  		  	Iselin	  	NJ	  	Third Party
	6319	  		  	Livingston	  	NJ	  	TRU 2005 RE I, LLC
	6321	  		  	Toms River,	  	NJ	  	TOYS PROPCO II
	6328	  		  	North Bergen	  	NJ	  	TRU 2005 RE I, LLC
	6329	  		  	Union	  	NJ	  	Third Party
	6330	  		  	Paramus	  	NJ	  	TRU 2005 RE I, LLC
	6334	  		  	Raritan	  	NJ	  	Third Party
	6335	  		  	Rockaway	  	NJ	  	Third Party
	6342	  		  	Freehold	  	NJ	  	TRU 2005 RE I, LLC
	6343	  		  	Hazlet	  	NJ	  	TRU 2005 RE I, LLC
	6344	  		  	Wayne,	  	NJ	  	Third Party
	6358	  		  	Eatontown	  	NJ	  	Third Party

  

 12 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	6360	  		  	Lawrence Township	  	NJ	  	TRU 2005 RE I, LLC
	6365	  		  	Elizabeth	  	NJ	  	Third Party
	6369	  		  	New Brunswick	  	NJ	  	Third Party
	6370	  		  	Deptford	  	NJ	  	Third Party
	6373	  		  	Wrangleboro	  	NJ	  	Third Party
	6375	  		  	Bridgewater	  	NJ	  	TRU 2005 RE I, LLC
	6377	  		  	Union	  	NJ	  	TRU 2005 RE I, LLC
	6379	  		  	Cherry Hill	  	NJ	  	Third Party
	6382	  		  	Phillipsburg	  	NJ	  	TRU 2005 RE I, LLC
	6386	  		  	Paramus	  	NJ	  	Third Party
	6479	  		  	S. Flanders	  	NJ	  	TRU 2005 RE I, LLC
	6481	  		  	Manalapan	  	NJ	  	Third Party
	6503	  		  	East Hanover	  	NJ	  	TRU 2005 RE I, LLC
	6508	  		  	Toms River	  	NJ	  	Third Party
	6533	  		  	West Windsor	  	NJ	  	Third Party
	6539	  		  	Totowa	  	NJ	  	Third Party
	6623	  		  	Secaucus	  	NJ	  	Third Party
	6732	  		  	Rockaway	  	NJ	  	Third Party
	8306	  		  	Deptford	  	NJ	  	TRU 2005 RE I, LLC
	8307	  		  	Cherry Hill	  	NJ	  	TRU 2005 RE I, LLC
	8327	  		  	Mays Landing	  	NJ	  	TRU 2005 RE I, LLC
	8330	  		  	Vineland	  	NJ	  	Third Party
	8365	  		  	Burlington	  	NJ	  	TRU 2005 RE I, LLC
	9788	  		  	Pinebrook	  	NJ	  	Third Party
	6438	  		  	Albuquerque	  	NM	  	Third Party
	7807	  		  	Albuquerque	  	NM	  	Third Party
	7835	  		  	Albuquerque	  	NM	  	TRU 2005 RE I, LLC
	5607	  		  	Las Vegas	  	NV	  	TRU 2005 RE I, LLC
	5609	  		  	East Las Vegas	  	NV	  	Third Party
	5661	  		  	Las Vegas	  	NV	  	TRU 2005 RE I, LLC
	5673	  		  	Henderson	  	NV	  	Third Party
	5674	  		  	Henderson	  	NV	  	TRU 2005 RE I, LLC
	5805	  		  	Reno	  	NV	  	TOYS PROPCO II
	6445	  		  	Reno	  	NV	  	TOYS PROPCO II
	6580	  		  	Las Vegas	  	NV	  	Third Party
	6624	  		  	North Las Vegas	  	NV	  	Third Party
	1298	  		  	New Hartford	  	NY	  	Third Party
	6308	  		  	Brooklyn	  	NY	  	Third Party
	6309	  		  	Massapequa	  	NY	  	Third Party
	6310	  		  	Valley Stream	  	NY	  	Third Party
	6311	  		  	Carle Place	  	NY	  	Third Party
	6312	  		  	Staten Island	  	NY	  	Third Party
	6314	  		  	Colonie	  	NY	  	TRU 2005 RE I, LLC
	6316	  		  	Huntington	  	NY	  	Third Party
	6317	  		  	Lake Grove	  	NY	  	Third Party

  

 13 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	6320	  		  	Yonkers	  	NY	  	TOYS PROPCO II
	6322	  		  	Douglaston	  	NY	  	Third Party
	6323	  		  	Brooklyn	  	NY	  	Third Party
	6324	  		  	Bay Shore	  	NY	  	Third Party
	6325	  		  	Nanuet	  	NY	  	TOYS PROPCO II
	6331	  		  	Poughkeepsie	  	NY	  	TOYS PROPCO II
	6333	  		  	Queens	  	NY	  	Third Party
	6336	  		  	Bronx	  	NY	  	Third Party
	6337	  		  	Middletown	  	NY	  	TRU 2005 RE I, LLC
	6338	  		  	Long Island City	  	NY	  	Third Party
	6339	  		  	Yorktown Heights	  	NY	  	TRU 2005 RE I, LLC
	6341	  		  	Clifton Park	  	NY	  	TRU 2005 RE I, LLC
	6347	  		  	White Plains	  	NY	  	Third Party
	6348	  		  	Staten Island	  	NY	  	Third Party
	6350	  		  	Holbrook	  	NY	  	Third Party
	6352	  		  	Bronx	  	NY	  	TRU 2005 RE I, LLC
	6355	  		  	Riverhead	  	NY	  	TRU 2005 RE I, LLC
	6356	  		  	Kingston	  	NY	  	TRU 2005 RE I, LLC
	6357	  		  	Westbury	  	NY	  	TRU 2005 RE I, LLC
	6363	  		  	Horseheads	  	NY	  	TRU 2005 RE I, LLC
	6364	  		  	Johnson City	  	NY	  	TRU 2005 RE I, LLC
	6367	  		  	Queensbury	  	NY	  	TRU 2005 RE I, LLC
	6374	  		  	Sayville	  	NY	  	Third Party
	6378	  		  	Commack	  	NY	  	TRU 2005 RE I, LLC
	6389	  		  	Whitestone	  	NY	  	TRU 2005 RE I, LLC
	6390	  		  	College Point	  	NY	  	Third Party
	6410	  		  	Nanuet	  	NY	  	Third Party
	6411	  		  	Yonkers	  	NY	  	TRU 2005 RE I, LLC
	6423	  		  	New York	  	NY	  	Third Party
	6424	  		  	Massapequa	  	NY	  	Third Party
	6444	  		  	Staten Island	  	NY	  	Third Party
	6455	  		  	Brooklyn	  	NY	  	TRU 2005 RE I, LLC
	6480	  		  	Wapperingers Falls	  	NY	  	TRU 2005 RE I, LLC
	6494	  		  	Latham	  	NY	  	TRU 2005 RE I, LLC
	6509	  		  	Middletown	  	NY	  	TRU 2005 RE I, LLC
	6520	  		  	Brooklyn	  	NY	  	Third Party
	6538	  		  	New York	  	NY	  	Third Party
	6629	  		  	Bronx	  	NY	  	Third Party
	6646	  		  	New York	  	NY	  	Third Party
	6753	  		  	Rego Park	  	NY	  	Third Party
	7517	  		  	Clay	  	NY	  	Third Party
	7518	  		  	New Hartford	  	NY	  	Third Party
	9223	  		  	Amherst	  	NY	  	Third Party
	9224	  		  	Williamsville	  	NY	  	TRU 2005 RE I, LLC
	9225	  		  	Greece	  	NY	  	Third Party

  

 14 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	9226	  		  	Hamburg	  	NY	  	TRU 2005 RE I, LLC
	9227	  		  	Henrietta	  	NY	  	Third Party
	9228	  		  	Niagra Falls,	  	NY	  	Third Party
	9281	  		  	Henrietta	  	NY	  	Third Party
	9282	  		  	Amherst	  	NY	  	Third Party
	9291	  		  	Syracuse	  	NY	  	TOYS PROPCO II
	1186	  		  	Niles	  	OH	  	MAP 2005 REAL ESTATE LLC
	1198	  		  	Parma	  	OH	  	MAP 2005 REAL ESTATE LLC
	1221	  		  	North Randall	  	OH	  	MAP 2005 REAL ESTATE LLC
	1236	  		  	Columbus	  	OH	  	MAP 2005 REAL ESTATE LLC
	6457	  		  	Bainbridge	  	OH	  	TOYS PROPCO II
	8905	  		  	Cincinnati	  	OH	  	TOYS PROPCO II
	8908	  		  	Cincinnati	  	OH	  	TOYS PROPCO II
	8910	  		  	Columbus	  	OH	  	TOYS PROPCO II
	8911	  		  	Columbus	  	OH	  	MAP 2005 REAL ESTATE LLC
	8911	  		  	Columbus	  	OH	  	Third Party
	8916	  		  	Miamisburg	  	OH	  	TOYS PROPCO II
	8919	  		  	Lima	  	OH	  	MAP REAL ESTATE, LLC
	8922	  		  	Dublin	  	OH	  	TOYS PROPCO II
	8929	  		  	Cincinnati	  	OH	  	MAP 2005 REAL ESTATE LLC
	8930	  		  	Kenwood	  	OH	  	MAP REAL ESTATE, LLC
	8931	  		  	Beaver Creek	  	OH	  	TOYS PROPCO II
	8934	  		  	Heath	  	OH	  	MAP REAL ESTATE, LLC
	9201	  		  	Youngstown	  	OH	  	MAP 2005 REAL ESTATE LLC
	9203	  		  	Cuyahoga Falls	  	OH	  	TOYS PROPCO II
	9204	  		  	Mayfield Heights	  	OH	  	MAP 2005 REAL ESTATE LLC
	9204	  		  	North Randall	  	OH	  	MAP 2005 REAL ESTATE LLC
	9205	  		  	Parma	  	OH	  	MAP 2005 REAL ESTATE LLC
	9206	  		  	Niles	  	OH	  	MAP 2005 REAL ESTATE LLC
	9207	  		  	Mentor	  	OH	  	TOYS PROPCO II
	9208	  		  	Elyria	  	OH	  	TOYS PROPCO II
	9210	  		  	Boardman	  	OH	  	TOYS PROPCO II
	9211	  		  	Canton	  	OH	  	TOYS PROPCO II

  

 15 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	9212	  		  	St. Clairsville	  	OH	  	TOYS PROPCO II
	9221	  		  	North Olmsted	  	OH	  	TOYS PROPCO II
	9232	  		  	Montrose	  	OH	  	TOYS PROPCO II
	9233	  		  	Mansfield	  	OH	  	MAP REAL ESTATE, LLC
	9239	  		  	Reynoldsburg	  	OH	  	TOYS PROPCO II
	9240	  		  	Dayton	  	OH	  	MAP 2005 REAL ESTATE LLC
	9241	  		  	North Canton	  	OH	  	MAP 2005 REAL ESTATE LLC
	9242	  		  	Columbus	  	OH	  	MAP 2005 REAL ESTATE LLC
	9244	  		  	Cincinnati	  	OH	  	MAP 2005 REAL ESTATE LLC
	9254	  		  	Boardman	  	OH	  	TOYS PROPCO II
	9267	  		  	Toledo	  	OH	  	TOYS PROPCO II
	9275	  		  	Toledo	  	OH	  	MAP REAL ESTATE, LLC
	9276	  		  	Toledo	  	OH	  	TOYS PROPCO II
	9277	  		  	Sandusky	  	OH	  	TOYS PROPCO II
	9279	  		  	Toledo	  	OH	  	TOYS PROPCO II
	9283	  		  	Mentor	  	OH	  	MAP 2005 REAL ESTATE LLC
	9284	  		  	North Olmsted	  	OH	  	MAP REAL ESTATE, LLC
	7804	  		  	Oklahoma City	  	OK	  	Third Party
	7811	  		  	Oklahoma City	  	OK	  	TRU 2005 RE I, LLC
	7834	  		  	Norman	  	OK	  	Third Party
	9525	  		  	Tulsa	  	OK	  	Third Party
	9526	  		  	Tulsa	  	OK	  	Third Party
	9548	  		  	Tulsa	  	OK	  	Third Party
	9577	  		  	Oklahoma City	  	OK	  	Third Party
	5839	  		  	Medford	  	OR	  	TRU 2005 RE I, LLC
	8004	  		  	Portland	  	OR	  	Third Party
	8005	  		  	Clackamas	  	OR	  	TRU 2005 RE I, LLC
	8006	  		  	Tigard	  	OR	  	TOYS PROPCO II
	8009	  		  	Eugene	  	OR	  	TRU 2005 RE I, LLC
	8010	  		  	Salem	  	OR	  	TRU 2005 RE I, LLC
	9571	  		  	Clackamas	  	OR	  	TRU 2005 RE I, LLC
	9574	  		  	Tigard	  	OR	  	TOYS PROPCO II
	1189	  		  	Pittsburgh	  	PA	  	MAP 2005 REAL ESTATE LLC
	6359	  		  	Whitehall Township	  	PA	  	TOYS PROPCO II
	6361	  		  	Wilkes-Barre	  	PA	  	TOYS PROPCO II
	6362	  		  	Scranton	  	PA	  	TOYS PROPCO II

  

 16 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	6371	  		  	Bensalem	  	PA	  	MAP 2005 REAL ESTATE LLC
	6372	  		  	Fairless Hills	  	PA	  	MAP 2005 REAL ESTATE LLC
	6387	  		  	Whitehall	  	PA	  	MAP REAL ESTATE, LLC
	6394	  		  	Reading	  	PA	  	MAP 2005 REAL ESTATE LLC
	6425	  		  	Harrisburg	  	PA	  	MAP 2005 REAL ESTATE LLC
	6449	  		  	Springfield	  	PA	  	TOYS PROPCO II
	6452	  		  	Monroeville	  	PA	  	MAP 2005 REAL ESTATE LLC
	6454	  		  	Exton	  	PA	  	MAP 2005 REAL ESTATE LLC
	6462	  		  	Montgomeryville	  	PA	  	TOYS PROPCO II
	6467	  		  	Wilkes-Barre	  	PA	  	MAP REAL ESTATE, LLC
	6470	  		  	Erie	  	PA	  	MAP REAL ESTATE, LLC
	6478	  		  	Cranberry	  	PA	  	MAP 2005 REAL ESTATE LLC
	6504	  		  	Lancaster	  	PA	  	MAP 2005 REAL ESTATE LLC
	6560	  		  	Bethel Park	  	PA	  	MAP 2005 REAL ESTATE LLC
	8302	  		  	North Wales	  	PA	  	MAP 2005 REAL ESTATE LLC
	8303	  		  	King Of Prussia	  	PA	  	TOYS PROPCO II
	8305	  		  	Philadelphia	  	PA	  	MAP REAL ESTATE, LLC
	8308	  		  	Philadelphia	  	PA	  	MAP 2005 REAL ESTATE LLC
	8309	  		  	Philadelphia	  	PA	  	MAP REAL ESTATE, LLC
	8310	  		  	York	  	PA	  	TOYS PROPCO II
	8311	  		  	Langhorne	  	PA	  	TOYS PROPCO II
	8312	  		  	Media	  	PA	  	TOYS PROPCO II
	8315	  		  	Camp Hill	  	PA	  	MAP REAL ESTATE, LLC
	8317	  		  	Wyncote	  	PA	  	MAP REAL ESTATE, LLC
	8318	  		  	Harrisburg	  	PA	  	MAP 2005 REAL ESTATE LLC
	8322	  		  	Philadelphia	  	PA	  	MAP 2005 REAL ESTATE LLC
	8322	  		  	Horsham	  	PA	  	Third Party

  

 17 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	8323	  		  	Williamsport	  	PA	  	TOYS PROPCO II
	8326	  		  	Lancaster	  	PA	  	MAP REAL ESTATE, LLC
	8328	  		  	Exton	  	PA	  	MAP REAL ESTATE, LLC
	8329	  		  	Philadelphia	  	PA	  	TOYS PROPCO II
	8366	  		  	Reading	  	PA	  	TOYS PROPCO II
	8368	  		  	Altoona	  	PA	  	MAP REAL ESTATE, LLC
	8370	  		  	Johnstown	  	PA	  	TOYS PROPCO II
	9209	  		  	Erie	  	PA	  	TOYS PROPCO II
	9213	  		  	Monroeville	  	PA	  	TOYS PROPCO II
	9214	  		  	West Mifflin	  	PA	  	MAP REAL ESTATE, LLC
	9215	  		  	Pittsburgh	  	PA	  	TOYS PROPCO II
	9216	  		  	Washington	  	PA	  	MAP REAL ESTATE, LLC
	9218	  		  	Monaca	  	PA	  	TOYS PROPCO II
	9229	  		  	Greensburg	  	PA	  	MAP 2005 REAL ESTATE LLC
	9234	  		  	Cranberry	  	PA	  	TOYS PROPCO II
	9251	  		  	Pittsburgh	  	PA	  	MAP 2005 REAL ESTATE LLC
	6385	  		  	Warwick	  	RI	  	Third Party
	7502	  		  	Warwick	  	RI	  	Third Party
	8755	  		  	Charleston	  	SC	  	TRU 2005 RE I, LLC
	8822	  		  	Greenville	  	SC	  	TOYS PROPCO II
	8823	  		  	Spartanburg	  	SC	  	Third Party
	8830	  		  	Florence	  	SC	  	TRU 2005 RE I, LLC
	8835	  		  	Irmo	  	SC	  	TRU 2005 RE I, LLC
	8836	  		  	Anderson	  	SC	  	TRU 2005 RE I, LLC
	8873	  		  	Myrtle Beach	  	SC	  	TRU 2005 RE I, LLC
	8877	  		  	Greenville	  	SC	  	Third Party
	8888	  		  	North Charleston	  	SC	  	TRU 2005 RE I, LLC
	8890	  		  	Columbia	  	SC	  	TOYS PROPCO II
	9536	  		  	Rapid City	  	SD	  	Third Party
	9537	  		  	Sioux Falls	  	SD	  	Third Party
	1322	  		  	Memphis	  	TN	  	Third Party
	5210	  		  	Memphis	  	TN	  	Third Party
	6563	  		  	Madison	  	TN	  	Third Party
	6756	  		  	Memphis	  	TN	  	Third Party
	8371	  		  	Johnson City	  	TN	  	TOYS PROPCO II
	8802	  		  	Nashville	  	TN	  	TOYS PROPCO II
	8810	  		  	Knoxville	  	TN	  	Third Party
	8817	  		  	Chattanooga	  	TN	  	TRU 2005 RE I, LLC
	8832	  		  	Clarksville	  	TN	  	TRU 2005 RE I, LLC
	8833	  		  	Knoxville	  	TN	  	Third Party

  

 18 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	8839	  		  	Memphis	  	TN	  	Third Party
	8840	  		  	Nashville	  	TN	  	TRU 2005 RE I, LLC
	8843	  		  	Franklin	  	TN	  	TOYS PROPCO II
	8849	  		  	Northgate	  	TN	  	TRU 2005 RE I, LLC
	8860	  		  	Nashville	  	TN	  	Third Party
	8863	  		  	Knoxville	  	TN	  	Third Party
	8867	  		  	Germantown	  	TN	  	TOYS PROPCO II
	8868	  		  	Jackson	  	TN	  	TRU 2005 RE I, LLC
	8872	  		  	Murfreesboro	  	TN	  	TRU 2005 RE I, LLC
	8880	  		  	Chattanooga	  	TN	  	Third Party
	9563	  		  	Memphis	  	TN	  	Third Party
	6461	  		  	El Paso	  	TX	  	Third Party
	7002	  		  	Pasadena	  	TX	  	Third Party
	7004	  		  	Houston	  	TX	  	Third Party
	7006	  		  	Beaumont	  	TX	  	TRU 2005 RE I, LLC
	7007	  		  	Selma	  	TX	  	TRU 2005 RE I, LLC
	7009	  		  	Houston	  	TX	  	Third Party
	7009	  		  	Houston	  	TX	  	TRU 2005 RE I, LLC
	7010	  		  	Austin	  	TX	  	TOYS PROPCO II
	7011	  		  	Austin	  	TX	  	TRU 2005 RE I, LLC
	7012	  		  	Humble	  	TX	  	TRU 2005 RE I, LLC
	7013	  		  	Baytown	  	TX	  	TRU 2005 RE I, LLC
	7014	  		  	Corpus Christi	  	TX	  	TOYS PROPCO II
	7019	  		  	Webster	  	TX	  	TRU 2005 RE I, LLC
	7021	  		  	Houston	  	TX	  	Third Party
	7027	  		  	El Paso	  	TX	  	TRU 2005 RE I, LLC
	7028	  		  	El Paso	  	TX	  	Third Party
	7030	  		  	Mcallen	  	TX	  	TOYS PROPCO II
	7031	  		  	Houston	  	TX	  	TRU 2005 RE I, LLC
	7032	  		  	San Antonio	  	TX	  	Third Party
	7032	  		  	San Antonio	  	TX	  	TRU 2005 RE I, LLC
	7035	  		  	Laredo	  	TX	  	TRU 2005 RE I, LLC
	7036	  		  	Houston	  	TX	  	TRU 2005 RE I, LLC
	7038	  		  	Waco	  	TX	  	TRU 2005 RE I, LLC
	7039	  		  	Montgomery	  	TX	  	TRU 2005 RE I, LLC
	7046	  		  	Sugar Land	  	TX	  	Third Party
	7047	  		  	Austin	  	TX	  	TRU 2005 RE I, LLC
	7050	  		  	Katy	  	TX	  	TRU 2005 RE I, LLC
	7705	  		  	Sunset Valley	  	TX	  	Third Party
	7708	  		  	Hurst	  	TX	  	Third Party
	7711	  		  	San Antonio	  	TX	  	Third Party
	7713	  		  	Mcallen	  	TX	  	Third Party
	7800	  		  	Dallas	  	TX	  	Third Party
	7802	  		  	White Settlement	  	TX	  	Third Party
	7803	  		  	Frisco	  	TX	  	Third Party
	7805	  		  	Mesquite	  	TX	  	Third Party

  

 19 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	7808	  		  	Dallas	  	TX	  	TRU 2005 RE I, LLC
	7809	  		  	Hurst	  	TX	  	TRU 2005 RE I, LLC
	7812	  		  	Allen	  	TX	  	Third Party
	7813	  		  	Irving	  	TX	  	Third Party
	7814	  		  	Waco	  	TX	  	TRU 2005 RE I, LLC
	7815	  		  	Amarillo	  	TX	  	TRU 2005 RE I, LLC
	7816	  		  	Lubbock	  	TX	  	TRU 2005 RE I, LLC
	7817	  		  	Arlington	  	TX	  	TOYS PROPCO II
	7819	  		  	Midland	  	TX	  	TRU 2005 RE I, LLC
	7820	  		  	Dallas	  	TX	  	Third Party
	7822	  		  	Lewisville	  	TX	  	TOYS PROPCO II
	7825	  		  	Tyler	  	TX	  	TRU 2005 RE I, LLC
	7826	  		  	Killeen	  	TX	  	TRU 2005 RE I, LLC
	7827	  		  	Longview	  	TX	  	TRU 2005 RE I, LLC
	7828	  		  	Wichita Falls	  	TX	  	TRU 2005 RE I, LLC
	9542	  		  	Lewisville	  	TX	  	Third Party
	9544	  		  	Sugar Land	  	TX	  	Third Party
	9546	  		  	Katy	  	TX	  	TRU 2005 RE I, LLC
	9547	  		  	Houston	  	TX	  	Third Party
	9549	  		  	San Antonio	  	TX	  	TOYS PROPCO II
	9550	  		  	Houston	  	TX	  	Third Party
	9552	  		  	Arlington	  	TX	  	Third Party
	9554	  		  	Plano	  	TX	  	Third Party
	9555	  		  	Houston	  	TX	  	Third Party
	9557	  		  	Austin	  	TX	  	Third Party
	9558	  		  	San Antonio	  	TX	  	Third Party
	9561	  		  	Addison	  	TX	  	Third Party
	9562	  		  	Mesquite	  	TX	  	Third Party
	9582	  		  	Ft. Worth	  	TX	  	TRU 2005 RE I, LLC
	9588	  		  	Friendswood	  	TX	  	TRU 2005 RE I, LLC
	5685	  		  	Murray	  	UT	  	Third Party
	5686	  		  	West Valley City	  	UT	  	TRU 2005 RE I, LLC
	5688	  		  	Salt Lake City	  	UT	  	TRU 2005 RE I, LLC
	5689	  		  	Orem	  	UT	  	TRU 2005 RE I, LLC
	5691	  		  	Layton	  	UT	  	TRU 2005 RE I, LLC
	6515	  		  	Riverdale	  	UT	  	TOYS PROPCO II
	6516	  		  	Orem	  	UT	  	TRU 2005 RE I, LLC
	9568	  		  	Midvale	  	UT	  	Third Party
	1156	  		  	Vienna	  	VA	  	Third Party
	6368	  		  	Fairfax	  	VA	  	TRU 2005 RE I, LLC
	6380	  		  	Falls Church	  	VA	  	TRU 2005 RE I, LLC
	6393	  		  	Sterling	  	VA	  	TOYS PROPCO II
	6439	  		  	Newport News	  	VA	  	TRU 2005 RE I, LLC
	6570	  		  	Midlothian	  	VA	  	Third Party
	8304	  		  	Baileys Crossroads	  	VA	  	TRU 2005 RE I, LLC

  

 20 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	8331	  		  	Colonial Heights	  	VA	  	Third Party
	8334	  		  	Lynchburg	  	VA	  	TRU 2005 RE I, LLC
	8335	  		  	Manassas	  	VA	  	TRU 2005 RE I, LLC
	8338	  		  	Charlottsville	  	VA	  	TRU 2005 RE I, LLC
	8340	  		  	Winchester	  	VA	  	TOYS PROPCO II
	8341	  		  	Dale City	  	VA	  	TRU 2005 RE I, LLC
	8342	  		  	Fredericksburg	  	VA	  	TOYS PROPCO II
	8346	  		  	Chesapeake	  	VA	  	TRU 2005 RE I, LLC
	8347	  		  	Danville	  	VA	  	TRU 2005 RE I, LLC
	8352	  		  	Norfolk	  	VA	  	TOYS PROPCO II
	8353	  		  	Richmond	  	VA	  	TRU 2005 RE I, LLC
	8353	  		  	Richmond	  	VA	  	TRU 2005 RE I, LLC
	8356	  		  	Springfield	  	VA	  	TRU 2005 RE I, LLC
	8357	  		  	Virginia Beach	  	VA	  	Third Party
	8358	  		  	Roanoke	  	VA	  	Third Party
	8360	  		  	Richmond	  	VA	  	TRU 2005 RE I, LLC
	8364	  		  	Sterling	  	VA	  	TRU 2005 RE I, LLC
	8369	  		  	Newport News	  	VA	  	TRU 2005 RE I, LLC
	8882	  		  	Chesapeake	  	VA	  	Third Party
	8884	  		  	Chantilly	  	VA	  	Third Party
	8885	  		  	Woodbridge	  	VA	  	Third Party
	8886	  		  	Richmond	  	VA	  	Third Party
	7537	  		  	Williston	  	VT	  	TRU 2005 RE I, LLC
	6493	  		  	Tacoma	  	WA	  	TRU 2005 RE I, LLC
	6553	  		  	Spokane	  	WA	  	TRU 2005 RE I, LLC
	8002	  		  	Tukwila	  	WA	  	Third Party
	8002	  		  	Tukwila	  	WA	  	Third Party
	8003	  		  	Lynnwood	  	WA	  	TRU 2005 RE I, LLC
	8007	  		  	Tacoma	  	WA	  	TRU 2005 RE I, LLC
	8011	  		  	Bellevue	  	WA	  	Third Party
	8013	  		  	Silverdale	  	WA	  	TRU 2005 RE I, LLC
	8015	  		  	Olympia	  	WA	  	TRU 2005 RE I, LLC
	8016	  		  	Everett	  	WA	  	TRU 2005 RE I, LLC
	8019	  		  	Kennewick	  	WA	  	TRU 2005 RE I, LLC
	8023	  		  	Puyallup	  	WA	  	TRU 2005 RE I, LLC
	8025	  		  	Seattle	  	WA	  	Third Party
	8026	  		  	Union Gap	  	WA	  	TRU 2005 RE I, LLC
	8027	  		  	Verdale	  	WA	  	TRU 2005 RE I, LLC
	9570	  		  	Tukwila	  	WA	  	Third Party
	9572	  		  	Lynwood	  	WA	  	Third Party
	1161	  		  	Milwaukee	  	WI	  	Third Party
	6032	  		  	Janesville	  	WI	  	TRU 2005 RE I, LLC
	6033	  		  	Madison	  	WI	  	Third Party
	6035	  		  	Milwaukee	  	WI	  	TOYS PROPCO II
	6036	  		  	Milwaukee	  	WI	  	TRU 2005 RE I, LLC
	6037	  		  	Brookfield,	  	WI	  	TOYS PROPCO II

  

 21 

									
	 Store No.
	  	 Address 1
	  	 City
	  	 State
	  	 Landlord

	6038	  		  	Greenbay	  	WI	  	TRU 2005 RE I, LLC
	6039	  		  	Appleton	  	WI	  	TOYS PROPCO II
	6051	  		  	Racine	  	WI	  	TOYS PROPCO II
	6489	  		  	Onalaska	  	WI	  	TRU 2005 RE I, LLC
	6547	  		  	Brookfield	  	WI	  	Third Party
	6552	  		  	Madison	  	WI	  	TOYS PROPCO II
	8362	  		  	Bridgeport	  	WV	  	TRU 2005 RE I, LLC
	8367	  		  	Vienna	  	WV	  	Third Party
	8921	  		  	Barboursville	  	WV	  	TRU 2005 RE I, LLC
	8933	  		  	Charleston	  	WV	  	TRU 2005 RE I, LLC

  

 22 

 (2) Canadian Leased Real Estate 

 

									
	 Store No.
	 	 Location
	 	 Address
	 	 City
	 	 Province

	3502	 	Mississauga	 		 	Mississauga	 	ON
	3509	 	Windsor	 		 	Windsor	 	ON
	3512	 	Pointe Claire	 		 	Pointe Claire	 	Quebec
	3513	 	LaSalle	 		 	Lasalle	 	Quebec
	3514	 	Laval	 		 	Laval	 	Quebec
	3515	 	Anjou	 		 	Anjou	 	Quebec
	3517	 	Vanier	 		 	Vanier	 	Quebec
	3518	 	Oakville	 		 	Oakville	 	ON
	3519	 	Don Mills	 		 	North York	 	ON
	3528	 	Mississauga	 		 	Mississauga	 	ON
	3530	 	Markville	 		 	Markham	 	ON
	3531	 	St. Laurent-Ontario	 		 	Ottawa	 	ON
	3534	 	Langley	 		 	Langley	 	BC
	3537	 	Belleville	 		 	Belleville	 	ON
	3539	 	Sainte-Foy	 		 	Sainte-Foy	 	Quebec
	3540	 	Newmarket	 		 	Newmarket	 	ON
	3541	 	Sherbrook	 		 	Sherbrooke	 	Quebec
	3542	 	Calgary Market Mall	 		 	Calgary	 	Alberta
	3544	 	Saskatoon	 		 	Saskatoon	 	Saskatchewan
	3546	 	Kelowna	 		 	Kelowna	 	BC
	3547	 	Lansdowne Mall	 		 	Richmond	 	BC
	3549	 	Surrey	 		 	Surrey	 	BC
	3550	 	Dartmouth	 		 	Dartmouth	 	NS
	3551	 	Trois-Rivieres	 		 	Trois-Rivieres	 	Quebec
	3552	 	Burnaby	 		 	Burnaby	 	BC
	3553	 	Victoria	 		 	Victoria	 	BC
	3554	 	Nanaimo	 		 	Nanaimo	 	BC
	3555	 	St. John’s	 		 	St. John’s	 	NFLD
	3556	 	Moncton	 		 	Moncton	 	NB
	3557	 	Red Deer	 		 	Red Deer	 	Alta
	3558	 	Kamloops	 		 	Kamloops	 	BD

  

 23 

									
	 Store No.
	 	 Location
	 	 Address
	 	 City
	 	 Province

	3559	 	Fredericton	 		 	Fredericton	 	NB
	3560	 	Dufferin Mall	 		 	Toronto	 	ON
	3561	 	Sarnia	 		 	Sarnia	 	ON
	3562	 	Saint John	 		 	Saint John	 	NB
	3563	 	Vancouver	 		 	Vancouver	 	BC
	3564	 	Cedarbrae Mall	 		 	Scarborough	 	ON
	3565	 	Yong & Eglinton	 		 	Toronto	 	ON
	3569	 	Woodbridge	 		 	Woodridge	 	ON
	3570	 	Pickering	 		 	Pickering	 	ON
	3571	 	Richmond Hill	 		 	Richmond Hill	 	ON
	3572	 	Repentigny	 		 	Repentigny	 	Quebec
	3573	 	Boisbriand	 		 	Boisbriand	 	Quebec
	3574	 	Vaughan Mills	 		 	Vaughan	 	ON

  

 24 

 (3) Puerto Rican Leased Real Estate 

 

							
	 Store Number
	  	 Mailing Address
	  	 City
	  	 State

	TRU #8719	  		  	Mayaquez	  	Puerto Rico
				
	TRU #8720	  		  	Arecibo (Hatillo)	  	Puerto Rico
				
	TRU #8722	  		  	San Juan,	  	Puerto Rico
				
	TRU #8723	  		  	Carolina (San Juan)	  	Puerto Rico

 Schedule 3.06(a) 

Disclosed Matters 

 Schedule 3.06(b) 

Environmental Matters 

 Schedule 3.12 

Subsidiaries; Joint Ventures 
  

						
	 Subsidiary/ Joint Venture
	  	 Holder of Capital Stock/ Interest
	  	% of Ownership Interest	 
	 Toys “R” Us (Canada) Ltd. / Toys “R” Us (Canada) Ltee
	  	 Toys “R” Us-Delaware, Inc.
	  	100	% 
	 Toys “R” Us Service, LLC
	  	 Toys “R” Us-Delaware, Inc.
	  	100	% 
	 Geoffrey Holdings, LLC
	  	 Toys “R” Us-Delaware, Inc.
	  	100	% 
	 TRU-SVC, LLC
	  	 Toys “R” Us-Delaware, Inc.
	  	100	% 
	 TRU Hong Kong Holdings, LLC
	  	 TRU BVI, LTD.
	  	100	% 
	 TRU (HK) Limited
	  	 TRU Hong Kong Holdings, LLC
	  	100	% 
	 TRU of Puerto Rico, Inc.
	  	 Toys “R” Us-Delaware, Inc.
	  	100	% 
	 Geoffrey, LLC
	  	 Geoffrey Holdings, LLC
	  	100	% 
	 Geoffrey International, LLC
	  	 Geoffrey, LLC
	  	100	% 
	 Y.K. Babiesrus Internet Japan
	  	 Geoffrey, LLC
	  	100	% 
	 Y.K. Toysrus Internet Japan
	  	 Geoffrey, LLC
	  	100	% 
	 SALTRU Associates Joint Venture
	  	 Toys “R” Us-Delaware, Inc.

Ceasars Bay Bazaar LP
	  	50
 50
	% 
 % 

	 TRU BVI, LTD.
	  	 Toys “R” Us-Delaware, Inc.
	  	100	% 
	 Toys Acquisition, LLC
	  	 Toys “R” Us-Delaware, Inc.
	  	100	% 
	 ZT Winston Salem Associates
	  	 Toys “R” Us-Delaware, Inc.

ZT Winston - Salem Associates
	  	50
 50
	% 
 % 

 Schedule 3.13 

Insurance 

 Schedule 3.14 

Collective Bargaining Agreements 

 Schedule 5.01(a) 

Business Segment Reporting Requirements 

Operating Results of the U.S. based and Canadian based operations of Toys “R” Us and Babies “R” Us, including (i) income
statement results of Loan Parties and their subsidiaries through Operating Profit showing business segment results for Toys “R” Us-Domestic and Canada (including allocation of corporate expenses if deemed appropriate), (ii) additional
cash flow detail of Loan Parties and their subsidiaries, including depreciation and capital expenditures by business segment and (iii) balance sheet information for the Loan Parties depicting accounts receivable, inventory, fixed assets,
accounts payable by business segment, all in such form and detail to be agreed by Borrower and Agent. 

 Schedule 5.01(i) 

Reporting Requirements 

REQUIRED REPORTING CHECKLIST 
  

							
	 DUE
	  	 NAME OF REPORT
	  	DATE	  	(X)
			
	Monthly (Due on tenth business days after month end):	  		  	
	 •     Borrowing Base Certificate (BBC) with the following backup:
	  		  	
			
	Borrowing Base backup for Toys “R” Us: Domestic	  		  	
	 •     Inventory Stock Ledger
	  		  	
	 •     RTV/Damages summary
	  		  	
	 •     Location 5001
	  		  	
	 •     Prior days’ sales report for .COM
	  		  	
	 •     Shrink Calculation Based on G/L but allocated between divisions
	  		  	
	 •     Breakout of Inventory for Puerto Rico
	  		  	
	 •     Credit Card A/R
	  		  	
	 •     Documentary L/C Report
	  		  	
	 •     Gift Certificates/cards
	  		  	
	 •     Landlord Lien Reserve
	  		  	
	 •     GFS Liability report
	  		  	
	 •     Freight accrual
	  		  	
	 •     S/L to G/L by division
	  		  	
	 •     MIT report
	  		  	
	 •     MIT inventory allocation
	  		  	
	 •     S/L DC inventory allocation detail
	  		  	
	 •     S/L DC inventory allocation
	  		  	
	 •     GFS Liability report
	  		  	
	 •     Freight accrual
	  		  	
			
	Borrowing Base backup for Toys “R” Us: Canada	  		  	
	 •     Credit Card A/R (AMEX Only)
	  		  	
	 •     Stock Ledger
	  		  	
	 •     G/L Shrink
	  		  	
	 •     Current Realty Tax
	  		  	
	 •     Landlord Lien Reserve
	  		  	
	 •     Special Orders
	  		  	
	 •     Pre-sell deposits
	  		  	
			
	Monthly (within 30 days after month end):	  		  	
	 •     Inventory Reconciliation Stock ledger to GL
	  		  	
				
	 Mailed to:
	  	 Bank of America, N.A.

100 Federal Street,
9th Floor

Boston, Massachusetts 02110

Attention: Christine Hutchinson

Phone: 617-434-2385

Fax: 617-790-1234
	  		  	

 Schedule 6.01 

Existing Indebtedness 
  

	1.	Schedule 6.07 is hereby incorporated by reference. 

  

	2.	$21,673,000 Debenture due 2021 of Toys “R” Us-Delaware, Inc. and Toys “R” Us, Inc. 

 

	3.	Liabilities of Toys “R” Us-Delaware, Inc. to Toys “R” Us Value, Inc. for approximately $75,000,000 as of June 2010 in connection with stored value
card obligations. 

  

	4.	Loan due from Toys “R” Us-Delaware, Inc. to Toys “R” Us, Inc. for approximately $100,000,000 as of June 2010 in connection with insurance
liabilities. 

  

	5.	$800,000,000 Secured Term Loan Credit Facility of Toys “R” Us-Delaware, Inc. dated July 19, 2006. 

 

	6.	$181,000,000 Unsecured Term Loan Credit Facility of Toys “R” Us-Delaware, Inc. dated December 1, 2006. 

 

	7.	Approximately $140,000,000 in the aggregate of various capital leases and capital project financing entered into by Toys “R” Us-Delaware, Inc. with various
third parties as of June 2010. 

  

	8.	CAD$645,000,000 Participating Bond dated April 2, 1998, as amended as of February 1, 2009, issued by Toys “R” Us (Canada) Ltd. in favor of Toys
“R” Us-Delaware, Inc., with a balance of approximately CAD$190,698,562 as of June 2010. 

  

	9.	Short Term Loan due from Toys “R” Us-Delaware, Inc. to Toys “R” Us, Inc. for approximately $154,000,000 as of June 2010. 

 

 Domestic Letters of Credit 

 

									
	 Issuing Bank
	  	LC Number	  	Expiration Date	  	 Beneficiary
	  	Amount

  

 2 

 Canadian Letters of Credit 

 

									
					
	 Issuing Bank
	  	LC Number	  	Expiration Date	  	 Beneficiary
	  	Amount

  

 3 

 Surety
Bonds 

 

															
	 Bond No.
	  	 Principal
	  	 Obligee
	  	 Bond Type
	  	Bond
Amount	  	Premium	  	Effective
Date	  	Expiration Date

 

 4 

 Schedule 6.01(z) 

Existing Joint Venture Guarantees 

None. 
  

 9 

 Schedule 6.02 

Existing Encumbrances 

 Schedule 6.04 

Existing Investments 
  

	1.	Schedule 3.12 is hereby incorporated by reference. 

  

	2.	CAD$645,000,000 Participating Bond dated April 2, 1998, as amended as of February 1, 2009, issued by Toys “R” Us (Canada) Ltd. in favor of Toys
“R” Us-Delaware, Inc., with a balance of approximately CAD$190,698,562 as of June 2010. 

  

	3.	Loan due from Toys “R” Us, Inc. to Toys “R” Us-Delaware, Inc. for approximately $310,000,000 as of June 2010 in connection with certain bond
principal payments loaned by Toys “R” Us-Delaware, Inc. to Toys “R” Us, Inc. on or about July 2006 and in connection with certain other business liabilities. 

 

	4.	Loan due from Toys “R” Us, Inc. to Toys “R” Us-Delaware, Inc. for approximately $161,000,000 as of June 2010 made in connection with certain Toys
“R” Us, Inc. expected refinancing activities. 

  

	5.	Loan due from TRU of Puerto Rico, Inc. to Toys “R” Us – Delaware, Inc. for approximately $33,000,000.00 

 Schedule 6.04(g) 

Investment Policy 

 Schedule 6.07 

Affiliate Transactions 
  

	1.	Schedule 6.01 is hereby incorporated by reference. 

  

	2.	Toys “R” Us-Delaware, Inc. has engaged TRU (Vermont), Inc. to provide certain insurance services and policies in the ordinary course of business.

  

	3.	Intellectual Property License Agreements: 

  

	•	 	 License Agreement, dated as of February 1, 2009, by and among Geoffrey, LLC, Toys “R” Us Handelsgesellchaft mbH, Toys “R” Us
(Australia) Pty Ltd., Toys “R” Us SARL, Toys “R” Us GmbH, Toys “R” Us Portugal, Limitada, Toys “R” Us Iberia, SA, Toys “R” Us AG and Toys “R” Us Limited. 

 

	•	 	 License Agreement, dated as of February 1, 2009, by and between Geoffrey International, LLC and Toys “R” Us – Japan, Ltd.

  

	•	 	 License Agreement, dated as of January 23, 2004, by and between Geoffrey, LLC f/k/a Geoffrey, Inc. and Toys “R” Us-Delaware, Inc., as
amended from time to time. 

  

	•	 	 License Agreement, dated as of February 4, 1996, by and between Geoffrey, LLC f/k/a Geoffrey, Inc. and TRU of Puerto Rico, Inc., as amended on
January 30, 2002, as amended from time to time. 

  

	•	 	 Cross-License Agreement, dated as of August 24, 1999, by and among Toys “R” Us, Inc., Geoffrey, LLC f/k/a Geoffrey, Inc., Toys
“R” Us-Service, LLC f/k/a Toys “R” Us-Service, Inc. and Geoffrey International, LLC f/k/a Geoffrey International, Inc., as amended from time to time. 

 

	•	 	 License Agreement, dated as of May 3, 1992, by and between Geoffrey, LLC f/k/a Geoffrey, Inc. and TRU of Puerto Rico, Inc., as amended.

  

	4.	Domestic Service Agreement, dated as of January 29, 2006, by and among Toys “R” Us-Delaware, Inc., Toys “R” Us, Inc., Toys “R” Us
International, LLC, Geoffrey, Inc., TRU (Vermont), Inc., TRU-SVC, LLC, Toysrus.com, LLC, Babiesrus.com, LLC, Giraffe Properties, LLC, TRU 2005 RE Holding Co. I, LLC, MAP Real Estate, LLC, MPO Properties, LLC, Wayne Real Estate Holding Company, LLC,
TRU 2005 RE I, LLC, TRU 2005 RE II Trust, TRU of Puerto Rico, Inc., MAP 2005 RE, LLC005 Real Estate, LLC and TRU (HK) Limited. 

  

	5.	Information Technology and Administrative Support Services Agreement, dated as of February 1, 2009, by and among Toys “R” Us – Delaware, Inc., Toys
“R” Us International, LLC, Toys “R” Us Handelsgesellchaft mbH, Toys “R” Us (Australia) Pty Ltd., Toys “R” Us SARL, Toys “R” Us GmbH, Toys “R” Us Portugal, Limitada, Toys “R” Us
Iberia, SA, Toys “R” Us AG, Toys “R” Us Limited and Toys “R” Us – Japan, Ltd. 

	6.	Amended and Restated Tax Allocation Agreement, dated as of June 28, 2006, by and among Toys “R” Us Holdings, Inc., Toys “R” Us, Inc., Toys
“R” Us-Delaware, Inc., Definitive Solutions Company, Inc. Geoffrey Europe, Inc., Geoffrey Holdings, LLC, Geoffrey, Inc., Toys “R” Us-Belgium, Inc., Toys “R” Us-Service, Inc. Toys “R” Us-Value, Inc., TRU
(Vermont), Inc., TRU Belgium Holdings, Inc., TRU Data Services, Inc., TRU Gulf Services, Inc, TRU Japan Holdings, Inc. and TRU-LSM Redevelopment Corporation. 

 

	7.	Stored Value Card Distribution and Redemption Agreement dated as of March 21, 2007 made by and between TRU-SVC, LLC and Toys “R” Us-Delaware, Inc.

  

	8.	Intercompany Agreement made by and between Toys Acquisition, LLC and Toys “R” Us-Delaware, Inc. with regard to Toys “R” Us-Delaware, Inc.’s
operation of the F.A.O. Schwarz business. 

  

	9.	Master Lease dated as of July 21, 2005, by and between MAP 2005 Real Estate, LLC, as successor in interest of MAP Real Estate, LLC, as Landlord, and Toys
“R” Us-Delaware, Inc., as Tenant, as amended. 

  

	10.	Amended and Restated Master Lease Agreement dated as of November 20, 2009, by and between Toys “R” Us Property Company II, LLC, as Landlord, and Toys
“R” Us-Delaware, Inc., as Tenant. 

  

	11.	Amended and Restated Master Lease Agreement dated as of July 9, 2009, by and among MAP Real Estate, LLC, TRU 2005 RE I, LLC, TRU 2005 RE II Trust and Wayne Real
Estate Company, LLC, as Landlord, and Toys “R” Us-Delaware, Inc., as Tenant. 

  

	12.	Intercompany Employment Agreement, between Toys “R” Us (Canada), Ltd. & Toys “R” Us- Japan, Ltd., for the services of M. Merz, dated
January 1, 2008 to November 15, 2010, as amended. 

  

	13.	Intercompany Service Agreement entered into as of April, 2009 and effective as of February 16, 2009 by and between Toys “R” Us-Japan, Ltd. and Toys
“R” Us - Delaware, Inc. (w/r/t Paul Winslow). 

  

	14.	Intercompany Service Agreement entered into as of April, 2009 and effective as of January 26, 2009 (by and between Toys “R” Us-Japan, Ltd. and Toys
“R” Us (Canada), Ltd. (w/r/t Mary Zanette). 

  

	15.	Intercompany Service Agreement entered into as of July 20, 2009 and effective as of August 10, 2009 (by and between Toys “R” Us-Japan, Ltd. and Toys
“R” Us (Canada), Ltd. (w/r/t Susan Wardle). 

  

	16.	Intercompany Service Agreement entered into as of July, 2010 and effective as of July 5, 2010 (by and between Toys “R” Us-Japan, Ltd. and Toys
“R” Us-Delaware, Inc. (w/r/t Joseph Rosolanko). 

  

	17.	Certain other Intercompany Expatriate Agreements between Toys “R” Us-Delaware, Inc., Toys “R” Us (Canada) Ltd. and their Affiliates entered into
from time to time. 

  

 2

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