Document:

EX-4.20

 Exhibit 4.20 
 Execution Version 
 REGISTRATION RIGHTS AGREEMENT 

by and among 

Rock-Tenn Company, 
 the Guarantors 
 party hereto 

and 
 J.P.
Morgan Securities LLC 
 Merrill Lynch, Pierce, Fenner & Smith 

Incorporated. 
 Wells Fargo Securities, LLC, 
 as Representatives of the Initial
Purchasers party hereto 
 Dated as of February 22, 2012 

 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is made and entered into as of February 22, 2012, by and among
Rock-Tenn Company, a Georgia corporation (the “Company”), the Guarantors party hereof (collectively, the “Guarantors”), and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC and J.P. Morgan
Securities LLC, as representatives (the “Representatives”) of the several Initial Purchasers named in Schedule A (the “Initial Purchasers”). The Initial Purchasers have agreed to purchase the Company’s 4.450% Senior Notes
due 2019 (the “2019 Notes”) and the Company’s 4.900% Senior Notes due 2022 (the “2022 Notes” and together with the 2019 Notes, the “Notes”), which are fully and unconditionally guaranteed by the Guarantors (the
“Guarantees”), pursuant to the Purchase Agreement (as defined below). The Notes and the Guarantees attached thereto are herein collectively referred to as the “Securities.” 

This Agreement is made pursuant to the Purchase Agreement, dated February 14, 2012 (the “Purchase Agreement”), among the
Company, the Guarantors and the Initial Purchasers (i) for the benefit of the Initial Purchasers and (ii) for the benefit of the holders from time to time of the Securities, including the Initial Purchasers. In order to induce the Initial
Purchasers to purchase the Securities, the Company has agreed to provide the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the obligations of the Initial Purchasers set forth in
Section 5(h) of the Purchase Agreement. 
 The parties hereby agree as follows: 

SECTION 1. Definitions. As used in this Agreement, the following capitalized terms shall have the following meanings: 

Additional Interest: As defined in Section 5 hereof. 

Additional Interest Payment Date: With respect to the Transfer Restricted Securities, each Interest Payment Date. 

Advice: As defined in Section 6(c) hereof. 
 Agreement: As defined in the preamble hereof. 
 Broker-Dealer: Any
broker or dealer registered under the Exchange Act. 
 Business Day: Any day other than a Saturday, Sunday or U.S.
federal holiday or a day on which banking institutions or trust companies located in New York, New York are authorized or obligated to be closed. 
 Closing Date: The date of this Agreement. 
 Commission: The
Securities and Exchange Commission. 
 Company: As defined in the preamble hereof. 

  
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 Consummate: A registered Exchange Offer shall be deemed “Consummated” for
purposes of this Agreement upon the occurrence of (i) the filing and effectiveness under the Securities Act of the Exchange Offer Registration Statement relating to the Exchange Securities to be issued in the Exchange Offer, (ii) the
maintenance of such Registration Statement continuously effective and the keeping of the Exchange Offer open for a period not less than the minimum period required pursuant to Section 3(b) hereof, and (iii) the delivery by the Company to
the Registrar under the Indenture of Exchange Securities in the same aggregate principal amount as the aggregate principal amount of Transfer Restricted Securities that were tendered by Holders thereof pursuant to the Exchange Offer. 

Exchange Act: The Securities Exchange Act of 1934, as amended. 

Exchange Date: As defined in Section 3(a) hereof. 
 Exchange Offer: The registration by the Company under the Securities Act of the Exchange Securities pursuant to a Registration Statement pursuant to which the Company offers the Holders of all
outstanding Transfer Restricted Securities the opportunity to exchange all such outstanding Transfer Restricted Securities held by such Holders for Exchange Securities in an aggregate principal amount equal to the aggregate principal amount of the
Transfer Restricted Securities tendered in such exchange offer by such Holders. 
 Exchange Offer Registration Statement:
The Registration Statement relating to the Exchange Offer, including the related Prospectus. 
 Exchange Securities:
The 4.450% Senior Notes due 2019 and the 4.900% Senior Notes due 2022, of the same series of the applicable series of Notes under the Indenture as the Transfer Restricted Securities of such series and the Guarantees attached thereto, to be
issued to Holders in exchange for Transfer Restricted Securities of such series pursuant to this Agreement. 
 FINRA:
Financial Industry Regulatory Authority, Inc. 
 Free Writing Prospectus: Each free writing prospectus (as defined in
Rule 405 under the Securities Act) prepared by or on behalf of the Company or used or referred to by the Company in connection with the sale of the Securities or the Exchange Securities. 

Guarantees: As defined in the preamble hereof. 
 Guarantors: As defined in the preamble hereof. 
 Holders: As defined
in Section 2(b) hereof. 
 Indenture: The Indenture, dated as of February 22, 2012 by and among the Company,
the Guarantors and HSBC Bank USA, National Association, as trustee (the “Trustee”), pursuant to which the Securities are to be issued, as such Indenture is amended or supplemented from time to time in accordance with the terms thereof.

 Initial Purchaser: As defined in the preamble hereof. 

  
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 Interest Payment Date: As defined in the Indenture and the Securities. 

Notes: As defined in the preamble hereof. 
 Person: An individual, partnership, corporation, trust or unincorporated organization, or a government or agency or political subdivision thereof. 

Prospectus: The prospectus included in a Registration Statement (including, without limitation, any “issuer free writing
prospectus” as defined in Rule 433 under the Securities Act), as amended or supplemented by any prospectus supplement and by all other amendments thereto, including post-effective amendments, and all material incorporated by reference into such
Prospectus. 
 Purchase Agreement: As defined in the preamble hereof. 

Registration Default: As defined in Section 5 hereof. 

Registration Statement: Any registration statement of the Company relating to (a) an offering of Exchange Securities pursuant
to an Exchange Offer or (b) the registration for resale of Transfer Restricted Securities pursuant to the Shelf Registration Statement, which is filed pursuant to the provisions of this Agreement, in each case, including the Prospectus included
therein, all amendments and supplements thereto (including post-effective amendments) and all exhibits and material incorporated by reference therein. 
 Representatives: As defined in the preamble hereof.  

Securities: As defined in the preamble hereof.  
 Securities Act: The Securities Act of 1933, as amended.  
 Shelf
Filing Deadline: As defined in Section 4(a) hereof.  
 Shelf Registration Statement: As defined in
Section 4(a) hereof. 
 Transfer Restricted Securities: The Securities; provided that the Securities shall
cease to be Transfer Restricted Securities on the earliest to occur of (a) the date on which such Security is exchanged in the Exchange Offer for an Exchange Security entitled to be resold to the public by the holder of such Exchange Security
without complying with the prospectus delivery requirements of the Securities Act, (b) the date on which such Security has been effectively registered under the Securities Act and disposed of in accordance with a Shelf Registration Statement
and (c) the date on which such Security is distributed to the public by a Broker-Dealer pursuant to the “Plan of Distribution” contemplated by the Exchange Offer Registration Statement (including delivery of the Prospectus contained
therein). 
 Trust Indenture Act: The Trust Indenture Act of 1939, as amended. 

Underwritten Registration or Underwritten Offering: A registration in which securities of the Company are sold to an underwriter
for reoffering to the public. 

  
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 SECTION 2. Securities Subject to this Agreement.  

(a) Transfer Restricted Securities. The securities entitled to the benefits of this Agreement are the Transfer Restricted
Securities. 
 (b) Holders of Transfer Restricted Securities. A Person is deemed to be a holder of Transfer Restricted
Securities (each, a “Holder”) whenever such Person owns Transfer Restricted Securities. 
 SECTION 3. Registered
Exchange Offer.  
 (a) Unless the Exchange Offer shall not be permissible under applicable law or Commission policy (after
the procedures set forth in Section 6(a) hereof have been complied with), each of the Company and the Guarantors shall (i) use its commercially reasonable efforts to cause to be filed with the Commission a Registration Statement under the
Securities Act relating to the Exchange Securities and the Exchange Offer and (ii) use commercially reasonable efforts to cause such Registration Statement to become effective, (iii) in connection with the foregoing, file (A) all
pre-effective amendments to such Registration Statement as may be necessary in order to cause such Registration Statement to become effective, (B) if applicable, a post-effective amendment to such Registration Statement pursuant to Rule 430A
under the Securities Act and (C) cause all necessary filings in connection with the registration and qualification of the Exchange Securities to be made under the state securities or blue sky laws of such jurisdictions as are necessary to
permit Consummation of the Exchange Offer, and (iv) upon the effectiveness of such Registration Statement, commence the Exchange Offer. The Company shall use commercially reasonable efforts to Consummate the Exchange Offer not later than 450
days following the Closing Date (or if such 450th day is not a Business Day, the next succeeding Business Day) (the “Exchange Date”). The Exchange Offer, if required pursuant to this Section 3(a), shall be on the appropriate form
permitting registration of the Exchange Securities of the applicable series to be offered in exchange for the Transfer Restricted Securities of such series and to permit resales of Transfer Restricted Securities of such series held by Broker-Dealers
as contemplated by Section 3(c) hereof. 
 (b) If an Exchange Offer Registration Statement is required to be filed and
declared effective pursuant to Section 3(a) above, the Company and the Guarantors shall use commercially reasonable efforts to cause the Exchange Offer Registration Statement to be effective continuously and shall keep the Exchange Offer open
for a period of not less than the minimum period required under applicable federal and state securities laws to Consummate the Exchange Offer; provided, however, that in no event shall such period be less than 20 Business Days after the date
notice of the Exchange Offer is mailed to the Holders. The Company shall cause the Exchange Offer to comply with all applicable federal and state securities laws. No securities other than the Exchange Securities shall be included in the Exchange
Offer Registration Statement. The Company shall use its commercially reasonable efforts to cause the Exchange Offer to be Consummated by the Exchange Date. 
 (c) The Company shall indicate in a “Plan of Distribution” section contained in the Prospectus forming a part of the Exchange Offer Registration Statement that any Broker-Dealer who holds
Transfer Restricted Securities that were acquired for its own account as a result of 

  
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market-making activities or other trading activities (other than Transfer Restricted Securities acquired directly from the Company) may exchange such Securities pursuant to the Exchange Offer;
however, such Broker-Dealer may be deemed to be an “underwriter” within the meaning of the Securities Act and must, therefore, deliver a prospectus meeting the requirements of the Securities Act in connection with any resales of the
Exchange Securities received by such Broker-Dealer in the Exchange Offer, which prospectus delivery requirement may be satisfied by the delivery by such Broker-Dealer of the Prospectus contained in the Exchange Offer Registration Statement. Such
“Plan of Distribution” section shall also contain all other information with respect to such resales by Broker-Dealers that the Commission may require in order to permit such resales pursuant thereto, but such “Plan of
Distribution” shall not name any such Broker-Dealer or disclose the amount of Transfer Restricted Securities held by any such Broker-Dealer except to the extent required by the Commission. 

Each of the Company and the Guarantors shall use its commercially reasonable efforts to keep the Exchange Offer Registration Statement
continuously effective, supplemented and amended as required by the provisions of Section 6(c) hereof to the extent necessary to ensure that it is available for resales of Exchange Securities acquired by Broker-Dealers for their own accounts as
a result of market-making activities or other trading activities, and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time,
for a period ending on the earlier of (i) 180 days from the date on which the Exchange Offer Registration Statement is declared effective and (ii) the date on which a Broker-Dealer is no longer required to deliver a prospectus in
connection with market-making or other trading activities. 
 The Company shall provide sufficient copies of the latest version
of such Prospectus to Broker-Dealers promptly upon request at any time during such 180-day (or shorter as provided in the foregoing sentence) period in order to facilitate such resales. 

It is agreed that if the Exchange Offer required to be Consummated pursuant to this Agreement is not so Consummated by the Exchange Date,
the only remedy to the Holders, except as provided in Section 4 hereof, after the Exchange Date will be Additional Interest as set forth in Section 5 hereof. 
 SECTION 4. Shelf Registration.  
 (a) Shelf Registration. If
(i) the Company is not required to file an Exchange Offer Registration Statement or to Consummate the Exchange Offer solely because the Exchange Offer is not permitted by applicable law or Commission policy (after the procedures set forth in
Section 6(a) hereof have been complied with), (ii) for any reason the Exchange Offer is not Consummated by the Exchange Date, or (iii) prior to the Exchange Date: (A) the Initial Purchasers so request from the Company with
respect to Transfer Restricted Securities not eligible to be exchanged for Exchange Securities in the Exchange Offer, (B) with respect to any Holder of Transfer Restricted Securities, such Holder notifies the Company that (i) such Holder
is prohibited by applicable law or Commission policy from participating in the Exchange Offer, (ii) such Holder may not resell the Exchange Securities acquired by it in the Exchange Offer to the public without delivering a prospectus and that
the Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder, or 

  
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(iii) such Holder is a Broker-Dealer and holds Securities acquired directly from the Company or one of its affiliates or (C) in the case of any Initial Purchaser, such Initial Purchaser
notifies the Company it will not receive Exchange Securities in exchange for Transfer Restricted Securities constituting any portion of such Initial Purchaser’s unsold allotment, the Company and the Guarantors shall 

(x) cause to be filed a shelf registration statement pursuant to Rule 415 under the Securities Act, which may be an
amendment to the Exchange Offer Registration Statement (in either event, the “Shelf Registration Statement”) on or prior to the 30th day after the date such obligation arises but no earlier than the 450th day after the Closing Date (or if
such 450th day is not a Business Day, the next succeeding Business Day) (such date being the “Shelf Filing Deadline”), which Shelf Registration Statement shall provide for resales of all Transfer Restricted Securities the Holders of which
shall have provided the information required pursuant to Section 4(b) hereof; and 
 (y) use their
commercially reasonable efforts to cause such Shelf Registration Statement to be declared effective by the Commission on or before the 30th day after the Shelf Filing Deadline (or if such 30th day is not a Business Day, the next succeeding Business
Day). 
 Each of the Company and the Guarantors shall use commercially reasonable efforts to keep such Shelf Registration
Statement continuously effective, supplemented and amended as required by the provisions of Sections 6(b) and (c) hereof to the extent necessary to ensure that it is available for resales of Transfer Restricted Securities by the Holders of such
Securities entitled to the benefit of this Section 4(a), and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, from
the date on which the Shelf Registration Statement is declared effective by the Commission until the expiration of the one-year period from the effective date of the Shelf Registration Statement (or shorter period that will terminate when all the
Transfer Restricted Securities covered by such Shelf Registration Statement have been sold pursuant to such Shelf Registration Statement; provided that the Company may for a period of up to 60 days in any three-month period, not to exceed 90
days in any calendar year determine that the Shelf Registration Statement is not usable under certain circumstances relating to corporate developments, public filings with the Commission and similar events, and suspend the use of the Prospectus that
is part of the Shelf Registration Statement (any such period, a “Suspension Period”). 
 It is agreed that if a Shelf
Registration Statement is required to be filed and effective pursuant to this Agreement and is not so filed and effective after the Shelf Filing Deadline, the only remedy to the Holders after the Shelf Filing Deadline will be Additional Interest as
set forth in Section 5 hereof. 
 (b) Provision by Holders of Certain Information in Connection with the Shelf
Registration Statement. No Holder of Transfer Restricted Securities may include any of its Transfer Restricted Securities in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Company in
writing, within 20 Business Days after receipt of a request therefor, such information as the Company may reasonably request for use in 

  
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connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. Each Holder as to which any Shelf Registration Statement is being effected agrees to
furnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not materially misleading. 

SECTION 5. Additional Interest. If with respect to any series of Transfer Restricted Securities either (i) the Exchange Offer
has not been Consummated by the Exchange Date; (ii) any Shelf Registration Statement, if required hereby, has not been declared effective by the Commission by the date set forth in Section 4(a)(y) or (iii) any Registration Statement
required by this Agreement has been declared effective but ceases to be effective at any time at which it is required to be effective under this Agreement other than during a Suspension Period (each such event referred to in clauses (i) through
(iii), a “Registration Default”), the Company hereby agrees that the interest rate borne by the Transfer Restricted Securities of the applicable series shall be increased by 0.25% per annum during the 90-day period immediately
following the occurrence of any Registration Default and shall increase by 0.25% per annum at the end of each subsequent 90-day period, but in no event shall such increase exceed 0.50% per annum (such increases, collectively
“Additional Interest”). Following the cure of all Registration Defaults relating to the particular Transfer Restricted Securities, the interest rate borne by the relevant Transfer Restricted Securities of the applicable series will be
reduced to the original interest rate borne by such Transfer Restricted Securities of the applicable series; provided, however, that, if after any such reduction in interest rate, a different Registration Default occurs, the interest rate
borne by the relevant Transfer Restricted Securities of the applicable series shall again be increased pursuant to the foregoing provisions. 
 All obligations of the Company and the Guarantors set forth in the preceding paragraph that are outstanding with respect to any Transfer Restricted Security of any series at the time such security ceases
to be a Transfer Restricted Security shall survive until such time as all such obligations with respect to such security shall have been satisfied in full. 
 SECTION 6. Registration Procedures.  
 (a) Exchange Offer Registration
Statement. In connection with the Exchange Offer, if required pursuant to Section 3(a) hereof, the Company and the Guarantors shall comply with all of the provisions of Section 6(c) hereof, shall use their commercially reasonable
efforts to effect such exchange to permit the sale of Transfer Restricted Securities being sold in accordance with the intended method or methods of distribution thereof, and shall comply with all of the following provisions: 

(i) If in the reasonable opinion of counsel to the Company there is a question as to whether the Exchange Offer is
permitted by applicable law, each of the Company and the Guarantors hereby agrees to seek a no-action letter or other favorable decision from the Commission allowing the Company and the Guarantors to Consummate an Exchange Offer for such Transfer
Restricted Securities. Each of the Company and the Guarantors hereby agrees to pursue the issuance of such a decision to the Commission staff level but shall not be required to take commercially unreasonable action to effect a change of Commission
policy. Each of the Company and the Guarantors hereby agrees, 

  
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however, to (A) participate in telephonic conferences with the Commission, (B) deliver to the Commission staff an analysis prepared by counsel to the Company setting forth the legal
bases, if any, upon which such counsel has concluded that such an Exchange Offer should be permitted and (C) diligently pursue a favorable resolution by the Commission staff of such submission. 

(ii) As a condition to its participation in the Exchange Offer pursuant to the terms of this Agreement, each Holder of
Transfer Restricted Securities shall furnish, upon the request of the Company, prior to the Consummation thereof, a written representation to the Company (which may be contained in the letter of transmittal contemplated by the Exchange Offer
Registration Statement) to the effect that (A) it is not an affiliate (within the meaning of Rule 405 under the Securities Act) of the Company or any Guarantor, (B) it is not engaged in, and does not intend to engage in, and has no
arrangement or understanding with any Person to participate in, a distribution of the Exchange Securities to be issued in the Exchange Offer and (C) it is acquiring the Exchange Securities in its ordinary course of business. In addition, all
such Holders of Transfer Restricted Securities shall otherwise cooperate in the Company’s preparations for the Exchange Offer. Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the Exchange Offer to
participate in a distribution of the securities to be acquired in the Exchange Offer (1) could not under Commission policy as in effect on the date of this Agreement rely on the position of the Commission enunciated in Morgan Stanley and
Co., Inc. (available June 5, 1991) and Exxon Capital Holdings Corporation (available May 13, 1988), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993, and similar no-action
letters (which may include any no-action letter obtained pursuant to clause (i) above), and (2) must comply with the registration and prospectus delivery requirements of the Securities Act in connection with a secondary resale transaction
and that such a secondary resale transaction should be covered by an effective registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K under the Securities Act if
the resales are of Exchange Securities obtained by such Holder in exchange for Transfer Restricted Securities acquired by such Holder directly from the Company. 
 (b) Shelf Registration Statement. If required pursuant to Section 4, in connection with the Shelf Registration Statement, each of the Company and the Guarantors shall comply with all the
provisions of Section 6(c) hereof and shall use its commercially reasonable efforts to effect such registration to permit the sale of the Transfer Restricted Securities being sold in accordance with the intended method or methods of
distribution thereof, and pursuant thereto each of the Company and the Guarantors will as expeditiously as possible prepare and file with the Commission a Registration Statement relating to the registration on any appropriate form under the
Securities Act, which form shall be available for the sale of the Transfer Restricted Securities in accordance with the intended method or methods of distribution thereof. 

  
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 (c) General Provisions. In connection with any Registration Statement and any
Prospectus required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Transfer Restricted Securities
by Broker-Dealers), each of the Company and the Guarantors shall: 
 (i) use its commercially reasonable efforts
to keep such Registration Statement continuously effective and provide all requisite financial statements, including, if required by the Securities Act or any regulation thereunder, financial statements of the Guarantors for the period specified in
Section 3 or 4 hereof, as applicable; upon the occurrence of any event that would cause any such Registration Statement or the Prospectus contained therein (A) to contain a material misstatement or omission or (B) not to be effective
and usable for resale of Transfer Restricted Securities during the period required by this Agreement, the Company shall file promptly an appropriate amendment to such Registration Statement, in the case of clause (A), correcting any such
misstatement or omission, and, in the case of either clause (A) or (B), use its commercially reasonable efforts to cause such amendment to be declared effective and such Registration Statement and the related Prospectus to become usable for
their intended purpose(s) as soon as practicable thereafter; 
 (ii) prepare and file with the Commission such
amendments and post-effective amendments to the applicable Registration Statement as may be necessary to keep the Registration Statement effective for the applicable period set forth in Section 3 or 4 hereof, as applicable, or such shorter
period as will terminate when all Transfer Restricted Securities covered by such Registration Statement have been sold; cause the Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to
Rule 424 under the Securities Act, and to comply fully with the applicable provisions of Rules 424 and 430A under the Securities Act in a timely manner; and comply with the provisions of the Securities Act with respect to the disposition of all
securities covered by such Registration Statement during the applicable period in accordance with the intended method or methods of distribution by the sellers thereof set forth in such Registration Statement or supplement to the Prospectus;

 (iii) advise the underwriter(s), if any, and selling Holders promptly and, if requested by such Persons,
confirm such advice in writing, (A) when the Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to any Registration Statement or any post-effective amendment thereto, when the same has become
effective, (B) of any request by the Commission for amendments to the Registration Statement or amendments or supplements to the Prospectus or for additional information relating thereto, (C) of the issuance by the Commission of any stop
order suspending the effectiveness of the Registration Statement under the Securities Act or of the suspension by any state securities commission of the qualification of the Transfer Restricted Securities for offering or sale in any jurisdiction, or
the initiation of any proceeding for any of the preceding purposes, (D) of the existence of any fact or the happening of any event that makes any statement of a material fact made in the Registration Statement, the Prospectus, any amendment or
supplement thereto, or any document incorporated by reference therein untrue, or that requires the making of any additions to or changes in the Registration Statement or the Prospectus in order to make the statements therein not misleading. If at
any time the Commission shall issue any stop 

  
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order suspending the effectiveness of the Registration Statement, or any state securities commission or other regulatory authority shall issue an order suspending the qualification or exemption
from qualification of the Transfer Restricted Securities under state securities or blue sky laws, each of the Company and the Guarantors shall use its commercially reasonable efforts to obtain the withdrawal or lifting of such order at the earliest
possible time; 
 (iv) furnish without charge to each of the Initial Purchasers, each selling Holder named in any
Registration Statement, and each of the underwriter(s), if any, before filing with the Commission, copies of any Registration Statement or any Prospectus included therein or any amendments or supplements to any such Registration Statement or
Prospectus (including all documents incorporated by reference after the initial filing of such Registration Statement if not available on EDGAR), which documents will be subject to the review and comment of such Holders and underwriter(s) in
connection with such sale, if any, for a period of at least three Business Days, and the Company will not file any such Registration Statement or Prospectus or any amendment or supplement to any such Registration Statement or Prospectus (excluding
any documents incorporated by reference) to which an Initial Purchaser of Transfer Restricted Securities covered by such Registration Statement or the underwriter(s), if any, shall reasonably object in writing within three Business Days after the
receipt thereof (such objection to be deemed timely made upon confirmation of telecopy transmission within such period). The objection of an Initial Purchaser or underwriter, if any, shall be deemed to be reasonable if such Registration Statement,
amendment, Prospectus or supplement, as applicable, as proposed to be filed, contains a material misstatement or omission; 
 (v) make available at reasonable times for inspection by the Initial Purchasers, the managing underwriter(s), if any, participating in any disposition pursuant to such Registration Statement and any
attorney or accountant retained by such Initial Purchasers or any of the underwriter(s), all financial and other records, pertinent corporate documents and properties of each of the Company and the Guarantors and cause the Company’s and the
Guarantors’ officers, directors and employees to supply all information reasonably requested by any such Initial Purchaser, underwriter, attorney or accountant in connection with such Registration Statement or any post-effective amendment
thereto subsequent to the filing thereof and prior to its effectiveness and to participate in meetings with investors to the extent requested by the managing underwriter(s), if any; 

(vi) if requested by any selling Holders or the underwriter(s), if any, promptly incorporate in any Registration Statement
or Prospectus, pursuant to a supplement or post-effective amendment if necessary, such information as such selling Holders and underwriter(s), if any, may reasonably request to have included therein, including, without limitation, information
relating to the “Plan of Distribution” of the Transfer Restricted Securities, information with respect to the principal amount of Transfer Restricted Securities being sold to such underwriter(s), the purchase price being paid therefor and
any other terms of the offering of the Transfer Restricted Securities to be 

  
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sold in such offering; and make all required filings of such Prospectus supplement or post-effective amendment as soon as practicable after the Company is notified of the matters to be
incorporated in such Prospectus supplement or post-effective amendment; 
 (vii) cause the Transfer Restricted
Securities covered by the Registration Statement to be rated, if not then rated, with the appropriate rating agencies, if so requested by the Holders of a majority in aggregate principal amount of Securities covered thereby or the underwriter(s), if
any; 
 (viii) furnish to each Initial Purchaser, each selling Holder and each of the underwriter(s), if any,
without charge, at least one copy of the Registration Statement, as first filed with the Commission, and of each amendment thereto, including financial statements and schedules, all documents incorporated by reference therein (if specifically
requested) and all exhibits (including exhibits incorporated therein by reference); 
 (ix) deliver to each
selling Holder and each of the underwriter(s), if any, without charge, as many copies of the Prospectus (including each preliminary prospectus) and any amendment or supplement thereto as such Persons reasonably may request; each of the Company and
the Guarantors hereby consents to the use of the Prospectus and any amendment or supplement thereto by each of the selling Holders and each of the underwriter(s), if any, in connection with the offering and the sale of the Transfer Restricted
Securities covered by the Prospectus or any amendment or supplement thereto; 
 (x) enter into such customary
agreements (including an underwriting agreement), and make such representations and warranties, and take all such other actions in connection therewith in order to expedite or facilitate the disposition of the Transfer Restricted Securities pursuant
to any Registration Statement contemplated by this Agreement, all to such extent as may be reasonably requested by any Initial Purchaser or by any Holder of Transfer Restricted Securities or underwriter in connection with any sale or resale pursuant
to any Registration Statement contemplated by this Agreement; and whether or not an underwriting agreement is entered into and whether or not the registration is an Underwritten Registration, each of the Company and the Guarantors shall: 

(A) furnish to each Initial Purchaser, each selling Holder and each underwriter, if any, in such substance and scope as
they may reasonably request and as are customarily made by issuers to underwriters in primary underwritten offerings, upon the date of the Consummation of the Exchange Offer or, if applicable, the effectiveness of the Shelf Registration Statement:

 (1) a certificate, dated the date of Consummation of the Exchange Offer or the date of effectiveness of the
Shelf Registration Statement, as the case may be, signed by (y) the President or any Vice President and (z) a principal financial or accounting officer of each of the Company and the Guarantors, confirming, as of the date thereof, the
matters set forth in paragraphs (i), (ii) and (iii) of Section 5(e) of the Purchase Agreement and such other matters as such parties may reasonably request; 

  
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 (2) an opinion, dated the date of Consummation of the Exchange Offer or the
date of effectiveness of the Shelf Registration Statement, as the case may be, of counsel for the Company and the Guarantors, covering such matters as are customarily covered in opinions requested in an underwritten offering and such other matters
as such parties may reasonably request, and in any event including a statement to the effect that such counsel has participated in conferences with officers and other representatives of the Company and the Guarantors, representatives of the
independent public accountants for the Company and the Guarantors, representatives of the underwriter(s), if any, and counsel to the underwriter(s), if any, in connection with the preparation of such Registration Statement and the related Prospectus
and have considered the matters required to be stated therein and the statements contained therein, although such counsel has not independently verified the accuracy, completeness or fairness of such statements; and that such counsel advises that,
on the basis of the foregoing, no facts came to such counsel’s attention that caused such counsel to believe that the applicable Registration Statement, at the time such Registration Statement or any post-effective amendment thereto became
effective, and, in the case of the Exchange Offer Registration Statement, as of the date of Consummation, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the
statements therein not misleading, or that the Prospectus contained in such Registration Statement as of its date and, in the case of the opinion dated the date of Consummation of the Exchange Offer, as of the date of Consummation, contained an
untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein not misleading. Without limiting the foregoing, such counsel may state further that such counsel assumes no responsibility for,
and has not independently verified, the accuracy, completeness or fairness of the financial statements, notes and schedules and other financial data included in any Registration Statement contemplated by this Agreement or the related Prospectus; and

 (3) solely in connection with an Underwritten Offering, a customary comfort letter, dated the date of
effectiveness of the Shelf Registration Statement, from the Company’s independent accountants, in the customary form and covering matters of the type customarily requested to be covered in comfort letters by underwriters in connection with
primary underwritten offerings, and covering or affirming the matters set forth in the comfort letters delivered pursuant to Section 5(a) of the Purchase Agreement, without exception; 

  
 -12-

 (B) set forth in full or incorporate by reference in the underwriting
agreement, if any, the indemnification provisions and procedures of Section 8 hereof with respect to all parties to be indemnified pursuant to said Section; and 

(C) deliver such other documents and certificates as may be reasonably requested by such parties to evidence compliance
with Section 6(c)(xi)(A) hereof and with any customary conditions contained in the underwriting agreement or other agreement entered into by the Company or any of the Guarantors pursuant to this Section 6(c)(xi), if any. 

If at any time the representations and warranties of the Company and the Guarantors contemplated in
Section 6(c)(xi)(A)(1) hereof cease to be true and correct, the Company or the Guarantors shall so advise the Initial Purchasers and the underwriter(s), if any, and each selling Holder promptly and, if requested by such Persons, shall confirm
such advice in writing; 
 (xi) prior to any public offering of Transfer Restricted Securities, cooperate with
the selling Holders, the underwriter(s), if any, and their respective counsel in connection with the registration and qualification of the Transfer Restricted Securities under the state securities or blue sky laws of such jurisdictions as the
selling Holders or underwriter(s), if any, may reasonably request and do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the Transfer Restricted Securities covered by the Shelf Registration
Statement; provided, however, that none of the Company nor the Guarantors shall be required to register or qualify as a foreign corporation where it is not then so qualified or to take any action that would subject it to the service of
process in suits or to taxation, other than as to matters and transactions relating to the Registration Statement, in any jurisdiction where it is not then so subject; 

(xii) issue, upon the request of any Holder of Transfer Restricted Securities covered by the Shelf Registration Statement,
Exchange Securities having an aggregate principal amount equal to the aggregate principal amount of Transfer Restricted Securities surrendered to the Company by such Holder in exchange therefor or being sold by such Holder; such Exchange Securities
to be registered in the name of such Holder or in the name of the purchaser(s) of such Exchange Securities, as the case may be; in return, the Transfer Restricted Securities held by such Holder shall be surrendered to the Company for cancellation;

 (xiii) cooperate with the selling Holders and the underwriter(s), if any, to facilitate the timely preparation
and delivery of certificates representing Transfer Restricted Securities to be sold and not bearing any restrictive legends; and enable such Transfer Restricted Securities to be in such denominations and registered in such names as the Holders or
the underwriter(s), if any, may request at least two Business Days prior to any sale of Transfer Restricted Securities made by such Holders or underwriter(s); 
 (xiv) use its commercially reasonable efforts to cause the Transfer Restricted Securities covered by the Registration Statement to be registered with or approved by

  
 -13-

 
such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter(s), if any, to consummate the disposition of such Transfer
Restricted Securities, subject to the proviso contained in Section 6(c)(xii) hereof; 
 (xv) if any fact or
event contemplated by Section 6(c)(iii)(D) hereof shall exist or have occurred, prepare a supplement or post-effective amendment to the Registration Statement or related Prospectus or any document incorporated therein by reference or file any
other required document so that, as thereafter delivered to the purchasers of Transfer Restricted Securities, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary in order to make the
statements therein not misleading; 
 (xvi) cooperate and assist in any filings required to be made with FINRA
and in the performance of any due diligence investigation by any underwriter (including any “qualified independent underwriter”) that is required to be retained in accordance with the rules and regulations of FINRA; 

(xvii) provide a CUSIP number for all Securities not later than the effective date of the Registration Statement covering
such Securities and provide the Trustee under the Indenture with printed certificates for such Securities which are in a form eligible for deposit with the Depository Trust Company and take all other action necessary to ensure that all such
Securities are eligible for deposit with the Depository Trust Company; 
 (xviii) cause all Securities covered by
the Registration Statement to be listed on each securities exchange or automated quotation system on which similar securities issued by the Company are then listed if requested by the Holders of a majority in aggregate principal amount of such
Securities or the managing underwriter(s), if any; 
 (xix) otherwise use its commercially reasonable efforts to
comply with all applicable rules and regulations of the Commission, and make generally available to its security holders, as soon as practicable, a consolidated earnings statement meeting the requirements of Rule 158 under the Securities Act (which
need not be audited) for the twelve-month period (A) commencing at the end of any fiscal quarter in which Transfer Restricted Securities are sold to underwriters in a firm commitment or best efforts Underwritten Offering or (B) if not sold
to underwriters in such an offering, beginning with the first month of the Company’s first fiscal quarter commencing after the effective date of the Registration Statement; provided that their requirements shall be deemed satisfied by the
Company complying with Section 4.3 of the Indenture; 
 (xx) cause the Indenture to be qualified under the
Trust Indenture Act not later than the effective date of the first Registration Statement required by this Agreement, and, in connection therewith, cooperate with the Trustee and the Holders of Securities to effect such changes to the Indenture as
may be required for such Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and to execute and use its best efforts to cause the Trustee to execute, all documents that may be required to effect such changes and all
other forms and documents required to be filed with the Commission to enable such Indenture to be so qualified in a timely manner; 

  
 -14-

 (xxi) provide promptly to each Holder upon written request each document
filed with the Commission pursuant to the requirements of Section 13 and Section 15 of the Exchange Act and not available on EDGAR; and 
 (xxii) to the extent any Free Writing Prospectus is used, file with the Commission any Free Writing Prospectus that is required to be filed by the Company or the Guarantors with the Commission in
accordance with the Securities Act and to retain any Free Writing Prospectus not required to be filed in accordance with the Securities Act. 
 Each Holder agrees by acquisition of a Transfer Restricted Security that, upon receipt of any notice from the Company of the existence of any fact of the kind described in Section 6(c)(iii)(D)
hereof, such Holder will forthwith discontinue disposition of Transfer Restricted Securities pursuant to the applicable Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by
Section 6(c)(xvi) hereof, or until it is advised in writing (the “Advice”) by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated by
reference in the Prospectus. If so directed by the Company, each Holder will deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such
Transfer Restricted Securities that was current at the time of receipt of such notice. In the event the Company shall give any such notice, the time period regarding the effectiveness of such Registration Statement set forth in Section 3 or 4
hereof, as applicable, shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to Section 6(c)(iii)(D) hereof to and including the date when each selling Holder covered by such
Registration Statement shall have received the copies of the supplemented or amended Prospectus contemplated by Section 6(c)(xvi) hereof or shall have received the Advice; provided, however, that no such extension if in excess of a
Suspension Period shall be taken into account in determining whether Additional Interest is due pursuant to Section 5 hereof or the amount of such Additional Interest, it being agreed that the Company’s option to suspend use of a
Registration Statement pursuant to this paragraph if in excess of a Suspension Period shall be treated as a Registration Default for purposes of Section 5 hereof. 
 SECTION 7. Registration Expenses.  
 (a) All expenses incident to the
Company’s and the Guarantors’ performance of or compliance with this Agreement will be borne by the Company and the Guarantors, jointly and severally, regardless of whether a Registration Statement becomes effective, including, without
limitation: (i) all registration and filing fees and expenses (including filings made by any purchaser of Transfer Restricted Securities or Holder with FINRA (and, if applicable, the reasonable fees and expenses of any “qualified
independent underwriter” and its counsel that may be required by the rules and regulations of FINRA)); (ii) all fees and expenses of compliance with federal securities and state securities or blue sky laws; (iii) all expenses of
printing (including printing certificates for the Exchange Securities to be issued in the Exchange 

  
 -15-

 
Offer and printing of Prospectuses), messenger and delivery services and telephone; (iv) all fees and disbursements of counsel for the Company, the Guarantors and, subject to
Section 7(b) hereof, the Holders of Transfer Restricted Securities; (v) all application and filing fees in connection with listing the Exchange Securities on a securities exchange or automated quotation system pursuant to the requirements
thereof; and (vi) all fees and disbursements of independent certified public accountants of the Company and the Guarantors (including the expenses of any special audit and comfort letters required by or incident to such performance).

 Each of the Company and the Guarantors will, in any event, bear its internal expenses (including, without limitation, all
salaries and expenses of its officers and employees performing legal or accounting duties), the expenses of any annual audit and the fees and expenses of any Person, including special experts, retained by the Company or the Guarantors. 

(b) In connection with any Registration Statement required by this Agreement (including, without limitation, the Exchange Offer
Registration Statement and the Shelf Registration Statement), the Company and the Guarantors, jointly and severally, will reimburse the Initial Purchasers and the Holders of Transfer Restricted Securities being tendered in the Exchange Offer and/or
resold pursuant to the “Plan of Distribution” contained in the Exchange Offer Registration Statement or registered pursuant to the Shelf Registration Statement, as applicable, for the reasonable fees and disbursements of not more than one
counsel, who shall be Cahill Gordon & Reindel LLP or such other counsel as may be chosen by the Holders of a majority in principal amount of the Transfer Restricted Securities for whose benefit such Registration Statement is being prepared.

 SECTION 8. Indemnification.  
 (a) Each of the Company and the Guarantors, jointly and severally, agrees to indemnify and hold harmless (i) each Holder, its directors, officers and employees, and each person, if any, who controls
any Holder within the meaning of the Securities Act and the Exchange Act against any loss, claim, damage, liability or expense, as incurred, to which such Holder, director, officer, employee or controlling person may become subject, under the
Securities Act, the Exchange Act or other U.S. federal or state statutory law or regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement is effected in accordance with Section 8(d) hereof),
insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated below) arises out of or is based upon any untrue statement or alleged untrue statement of a material fact contained in any Registration
Statement or Prospectus (or any amendment or supplement thereto), or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not
misleading; and to reimburse each Holder and each such director, officer, employee or controlling person for any and all expenses (including the fees and disbursements of counsel) as such expenses are reasonably incurred by such Holder or such
director, officer, employee or controlling person in connection with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action; provided, however, that the foregoing indemnity
agreement shall not apply to any loss, claim, damage, liability or expense to the extent, but only to the extent, arising out of or based upon any untrue statement or alleged untrue statement or omission or alleged omission made in

  
 -16-

 
reliance upon and in conformity with written information furnished to the Company by such Holder expressly for use in any Registration Statement or Prospectus (or any amendment or supplement
thereto). The indemnity agreement set forth in this Section 8(a) shall be in addition to any liabilities that the Company may otherwise have. 
 (b) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Company, each Guarantor, each of their respective directors, officers and employees and each person, if any, who
controls the Company or any Guarantor within the meaning of the Securities Act or the Exchange Act, against any loss, claim, damage, liability or expense, as incurred, to which the Company, any Guarantor or any such director, officer, employee or
controlling person may become subject, under the Securities Act, the Exchange Act, or other U.S. federal or state statutory law or regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement is effected
in accordance with Section 8(d) hereof), insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated below) arises out of or is based upon any untrue statement or alleged untrue statement of a
material fact contained in any Registration Statement or Prospectus (or any amendment or supplement thereto), or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in any Registration Statement or Prospectus
(or any amendment or supplement thereto), in reliance upon and in conformity with written information furnished to the Company by such Holder expressly for use therein; and to reimburse the Company, any Guarantor and each such director, officer,
employee or controlling person for any and all expenses (including the fees and disbursements of counsel) as such expenses are reasonably incurred by the Company, any Guarantor or such director, officer, employee or controlling person in connection
with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action. The indemnity agreement set forth in this Section 8(b) shall be in addition to any liabilities that each Initial
Purchaser may otherwise have. 
 (c) Promptly after receipt by an indemnified party under this Section 8 of notice of the
commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party under this Section 8 notify the indemnifying party in writing of the commencement thereof, but the omission so to
notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party for contribution or otherwise other than under the indemnity agreement contained in this Section 8 or to the extent it is not
prejudiced as a proximate result of such failure. In case any such action is brought against any indemnified party and such indemnified party seeks or intends to seek indemnity from an indemnifying party, the indemnifying party will be entitled to
participate in and, to the extent that it shall elect, jointly with all other indemnifying parties similarly notified, by written notice delivered to the indemnified party promptly after receiving the aforesaid notice from such indemnified party, to
assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, if the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party
shall have reasonably concluded that a conflict may arise between the positions of the indemnifying party and the indemnified party in conducting the defense of any such action or that there may be legal

  
 -17-

 
defenses available to it and/or other indemnified parties which are different from or additional to those available to the indemnifying party, the indemnified party or parties shall have the
right to select separate counsel to assume such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party or parties. Upon receipt of notice from the indemnifying party to such indemnified party of
such indemnifying party’s election so to assume the defense of such action and approval by the indemnified party of counsel, the indemnifying party will not be liable to such indemnified party under this Section 8 for any legal or other
expenses subsequently incurred by such indemnified party in connection with the defense thereof unless (i) the indemnified party shall have employed separate counsel in accordance with the proviso to the next preceding sentence (it being
understood, however, that the indemnifying party shall not be liable for the expenses of more than one separate counsel (together with local counsel), reasonably approved by the indemnifying party, representing the indemnified parties who are
parties to such action) or (ii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of commencement of the action, in each of
which cases the fees and expenses of counsel shall be at the expense of the indemnifying party. 
 (d) The indemnifying party
under this Section 8 shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify
the indemnified party against any loss, claim, damage, liability or expense by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse
the indemnified party for fees and expenses of counsel as contemplated by this Section 8, the indemnifying party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such
settlement is entered into more than 30 days after receipt by such indemnifying party of the aforesaid request and (ii) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request or disputed in good
faith the indemnified party’s entitlement to such reimbursement prior to the date of such settlement. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement, compromise or consent to the
entry of judgment in any pending or threatened action, suit or proceeding in respect of which any indemnified party is or could have been a party and indemnity was or could have been sought hereunder by such indemnified party, unless such
settlement, compromise or consent (i) includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such action, suit or proceeding and (ii) does not include any statements as to or
any findings of fault, culpability or failure to act by or on behalf of any indemnified party. 
 (e) If the indemnification
provided for in Section 8 hereof is for any reason held to be unavailable to or otherwise insufficient to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities or expenses referred to therein, then each
indemnifying party shall contribute to the aggregate amount paid or payable by such indemnified party, as incurred, as a result of any losses, claims, damages, liabilities or expenses referred to therein, (i) in such proportion as is
appropriate to reflect the relative benefits received by the Company and the Guarantors, on the one hand, and the Holders, on the other hand, or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in
such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of 

  
 -18-

 
the Company and the Guarantors, on the one hand, and the Holders, on the other hand, in connection with the statements or omissions or inaccuracies in the representations and warranties herein
which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative fault of the Company and the Guarantors, on the one hand, and the Holders, on the other hand, shall be
determined by reference to, among other things, whether any such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact or any such inaccurate or alleged inaccurate representation or warranty
relates to information supplied by the Company and the Guarantors, on the one hand, or the Holders, on the other hand, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission or inaccuracy. 
 (f) The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and
expenses referred to above shall be deemed to include, subject to the limitations set forth in Section 8 hereof, any legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending any action or
claim. The provisions set forth in Section 8 hereof with respect to notice of commencement of any action shall apply if a claim for contribution is to be made under Section 8(e) above; provided, however, that no additional
notice shall be required with respect to any action for which notice has been given under Section 8 hereof for purposes of indemnification. The Company, the Guarantors and each Holder of Transfer Restricted Securities agree that it would not be
just and equitable if contribution pursuant to Section 8(e) were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation which does not take account of the
equitable considerations referred to in Section 8(e). 
 (g) Notwithstanding the provisions of Section 8(e), no Holder
shall be required to contribute any amount in excess of the dollar amount by which the total discount, commission or gain (if any) received by such Holder from the sale of any Transfer Restricted Securities (after deducting any fees, discounts and
commissions applicable thereto) exceeds the amount of any damages which such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11 of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to
Section 8(e) above are several, and not joint, on a pro rata basis based on such Holder’s aggregate principal amount of Transfer Restricted Securities included in such Registration Statement or Prospectus. For purposes of Section 8(e)
above, each director, officer and employee of a Holder and each person, if any, who controls a Holder within the meaning of the Securities Act and the Exchange Act shall have the same rights to contribution as such Holder, and each director, officer
and employee of the Company or any Guarantor, and each person, if any, who controls the Company or any Guarantor within the meaning of the Securities Act and the Exchange Act shall have the same rights to contribution as the Company and the
Guarantors. 
 SECTION 9. Rule 144A. Each of the Company and the Guarantors hereby agrees with each Holder, for so long
as any Transfer Restricted Securities remain outstanding, to make available to any Holder or beneficial owner of Transfer Restricted Securities in connection with 

  
 -19-

 
any sale thereof and any prospective purchaser of such Transfer Restricted Securities from such Holder or beneficial owner, the information required by Rule 144A(d)(4) under the Securities Act in
order to permit resales of such Transfer Restricted Securities pursuant to Rule 144A under the Securities Act. 
 SECTION 10.
Participation in Underwritten Registrations. No Holder may participate in any Underwritten Registration hereunder unless such Holder (a) agrees to sell such Holder’s Transfer Restricted Securities on the basis provided in any
underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and executes all reasonable questionnaires, powers of attorney, indemnities, underwriting agreements, lock-up letters and other
documents required under the terms of such underwriting arrangements. 
 SECTION 11. Selection of Underwriters. The
Holders of Transfer Restricted Securities covered by the Shelf Registration Statement who desire to do so may sell such Transfer Restricted Securities in an Underwritten Offering. In any such Underwritten Offering, the investment banker(s) and
managing underwriter(s) that will administer such offering will be selected by the Holders of a majority in aggregate principal amount of the Transfer Restricted Securities included in such offering; provided, however, that such investment
banker(s) and managing underwriter(s) must be reasonably satisfactory to the Company. 
 SECTION 12. Miscellaneous. 

 (a) Remedies. Each of the Company and the Guarantors hereby agrees that monetary damages would not be adequate
compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement and hereby agree to waive the defense in any action for specific performance that a remedy at law would be adequate. 

(b) No Inconsistent Agreements. Each of the Company and the Guarantors will not on or after the date of this Agreement enter into
any agreement with respect to its securities that is inconsistent with the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof. The rights granted to the Holders hereunder do not in any way conflict with
and are not inconsistent with the rights granted to the holders of the Company’s or any of the Guarantors’ securities under any agreement in effect on the date hereof. 

(c) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents
to or departures from the provisions hereof may not be given unless the Company has (i) in the case of Section 5 hereof and this Section 12(c)(i), obtained the written consent of Holders of all outstanding Transfer Restricted
Securities and (ii) in the case of all other provisions hereof, obtained the written consent of Holders of a majority of the outstanding principal amount of Transfer Restricted Securities (excluding any Transfer Restricted Securities held by
the Company or its affiliates). Notwithstanding the foregoing, a waiver or consent to departure from the provisions hereof that relates exclusively to the rights of Holders whose securities are being tendered pursuant to the Exchange Offer and that
does not affect directly or indirectly the rights of other Holders whose securities are not being tendered pursuant to such Exchange Offer may be given by the Holders of a majority of the outstanding principal amount of Transfer Restricted
Securities being tendered or registered; provided, however, that, with respect to any matter that directly or 

  
 -20-

 
indirectly affects the rights of any Initial Purchaser hereunder, the Company shall obtain the written consent of each such Initial Purchaser with respect to which such amendment, qualification,
supplement, waiver, consent or departure is to be effective. 
 (d) Notices. All notices and other
communications provided for or permitted hereunder shall be made in writing by hand-delivery, first-class mail (registered or certified, return receipt requested), telex, telecopier, or air courier guaranteeing overnight delivery: 

(i) if to a Holder, at the address set forth on the records of the registrar under the Indenture, with a copy to the
registrar under the Indenture; and 
 (ii) if to the Company: 

Rock-Tenn Company 
 504 Thrasher Street 
 Norcross, Georgia 30071 

Facsimile: (770) 263-3582 
 Attention: Chief Financial Officer 
 With copies to: 

Rock-Tenn Company 
 504 Thrasher Street 
 Norcross, Georgia 30071 

Facsimile: (770) 263-3582 
 Attention: General Counsel 
 and 

Cravath, Swaine & Moore LLP 
 825 Eighth Avenue 
 New York, New York 10019 

Facsimile: (212) 474-3700 
 Attention: Andrew J. Pitts 
 All such notices and communications shall be deemed
to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt acknowledged, if telecopied; and on the
next Business Day, if timely delivered to an air courier guaranteeing overnight delivery. 
 Copies of all such notices, demands
or other communications shall be concurrently delivered by the Person giving the same to the Trustee at the address specified in the Indenture. 
 (e) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties, including, without limitation, and without the need
for an express assignment, subsequent Holders of Transfer Restricted Securities; provided, however, that this Agreement shall not inure to the benefit of or be binding upon a successor or assign of a Holder unless and to the extent such
successor or assign acquired Transfer Restricted Securities from such Holder. 

  
 -21-

 (f) Counterparts. This Agreement may be executed in any number of counterparts and by
the parties hereof in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

(g) Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the
meaning hereof. 
 (h) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAW RULES THEREOF. 
 (i) Severability. In the event that any
one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining
provisions contained herein shall not be affected or impaired thereby. 
 (j) Entire Agreement. This Agreement is
intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereof in respect of the subject matter contained herein. There are no
restrictions, promises, warranties or undertakings, other than those set forth or referred to herein with respect to the registration rights granted by the Company with respect to the Transfer Restricted Securities. This Agreement supersedes all
prior agreements and understandings between the parties with respect to such subject matter. 

  
 -22-

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. 
  

			
	ROCK-TENN COMPANY
		
	By:	 	 /s/ Robert B. McIntosh

	Name:	 	Robert B. McIntosh
	Title:	 	Executive Vice President, General Counsel and Secretary

 [Signature Page to Registration Rights Agreement] 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. 
  

			
	PCPC,INC.
	 ROCK-TENN CANADA HOLDINGS, INC.
 ROCK-TENN COMPANY OF TEXAS
 ROCK-TENN CONVERTING COMPANY

ROCK-TENN PARTITION COMPANY
 ROCK-TENN SERVICES
INC.

	 WALDORF CORPORATION

STONE GLOBAL, INC.
 FOIL LAMINATING,
INC.
 GLENMARK INDUSTRIES, INC.

GMI,INC.

	 VARIPAK, INC.,

    as Guarantors

		
	By:	 	 /s/ Robert B. McIntosh

	Name:	 	Robert B. McIntosh
	Title:	 	Executive Vice President and General Counsel
	
	 ROCK-TENN SHARED SERVICES, LLC
 ROCK-TENN MILL COMPANY, LLC
 ROCKTENN - SOUTHERN CONTAINER, LLC

TENCORR CONTAINERBOARD, LLC

	 PREFLEXLLC

ROCKTENN CP, LLC
 ROCKTENN-SOLVAY,
LLC

	 ROCK-TENN LEASING COMPANY, LLC
 ROCK-TENN ASTRA, LLC

	 ROCK-TENN XL, LLC

ROCK-TENN XLS, LLC,
     as
Guarantors

		
	By:	 	 /s/ Robert B. McIntosh

	Name:	 	Robert B. McIntosh
	Title:	 	Authorized Officer

 [Signature Page to Registration Rights Agreement] 

 The foregoing Registration Rights Agreement is hereby confirmed and accepted as of the date
first above written: 
  

			
	J.P. MORGAN SECURITIES LLC
	 MERRILL LYNCH, PIERCE, FENNER & SMITH
 INCORPORATED

	WELLS FARGO SECURITIES, LLC
	 As Representatives of
 the several Initial Purchasers

		
	By:	 	J.P. Morgan Securities LLC
		
	By:	 	 /s/ Stephen L. Sheiner

	Name:	 	Stephen L. Sheiner
	Title:	 	Executive Director

 [Signature Page to Registration Rights Agreement] 

			
	By:	 	Merrill Lynch, Pierce, Fenner & Smith
		 	   Incorporated

		
	By:	 	 /s/ Lauria Campbell

	Name:	 	Lauria Campbell
	Title:	 	Managing Director

 [Signature Page to Registration Rights Agreement] 

			
	By:	 	Wells Fargo Securities, LLC
		
	By:	 	/s/ Carolyn Hurley
	Name:	 	Carolyn Hurley
	Title:	 	Director

 [Signature Page to Registration Rights Agreement] 

 Schedule A 
 Initial Purchasers 
 J.P. Morgan Securities LLC 

Merrill Lynch, Pierce, Fenner & Smith 
 Incorporated 
 Wells Fargo Securities, LLC 
 SunTrust Robinson Humphrey, Inc. 
 Jefferies & Company, Inc. 

Rabo Securities USA, Inc. 
 KeyBanc Capital
Markets Inc. 
 Mizuho Securities USA Inc. 
 RBC Capital Markets, LLC 
 BB&T Capital Markets, a division of Scott & Stringfellow,
LLC 
 CIBC World Markets Corp. 

Citigroup Global Markets Inc. 
 Fifth Third
Securities, Inc. 
 Goldman, Sachs & Co. 
 Mitsubishi UFJ Securities (USA), Inc. 
 Morgan Keegan & Company, Inc. 

Scotia Capital (USA) Inc. 
 TD Securities (USA)
LLC 
 SMBC Nikko Capital Markets Limited 

  
 Schedule A-1EX-10.1

 Exhibit 10.1 
 EXECUTION VERSION 
 FIRST AMENDMENT TO CREDIT AND GUARANTY AGREEMENT

 FIRST AMENDMENT TO CREDIT AND GUARANTY AGREEMENT (this “First Amendment”), dated as of February 7,
2013, by and among BAKERCORP INTERNATIONAL HOLDINGS, INC., a Delaware corporation (“Holdings”), BAKERCORP INTERNATIONAL, INC., a Delaware corporation (the “U.S. Borrower”), BC INTERNATIONAL HOLDINGS C.V., a limited
partnership (commanditaire vennootschap) organized under the laws of the Netherlands and having its seat in Amsterdam, the Netherlands (the “European Borrower”), the Subsidiary Guarantors party hereto, DEUTSCHE BANK AG NEW
YORK BRANCH, as administrative agent (in such capacity, the “Administrative Agent”), as collateral agent (in such capacity, the “Collateral Agent”), as Issuing Lender, as Swingline Lender, and as designated 2013
Replacement Term Lender (in such capacity, the “Designated 2013 Replacement Term Lender”), 2013 Replacement Term Lenders (as defined below), the Required Lenders and each Revolving Lender. Unless otherwise indicated, all capitalized
terms used herein but not otherwise defined shall have the respective meanings provided to such terms in the Credit Agreement referred to below (as amended by this First Amendment). 

W I T N E S S E T H: 

WHEREAS, Holdings, the U.S. Borrower, the European Borrower, the Subsidiary Guarantors party thereto, the Lenders from time to time party
thereto (the “Lenders”) and the Administrative Agent are parties to a Credit Agreement and Guaranty Agreement, dated as of June 1, 2011 (the “Credit Agreement”); 

WHEREAS, on the date hereof (but prior to giving effect to this First Amendment), there are outstanding Term Loans under the Credit
Agreement (for purposes of this First Amendment, herein called the “Refinanced Term Loans”) in an aggregate principal amount of $384,150,000; 
 WHEREAS, in accordance with the provisions of Section 13.12(d) of the Credit Agreement, Holdings, the U.S. Borrower, the European Borrower, the Subsidiary Guarantors, the Administrative Agent and the
2013 Replacement Term Lenders wish to amend the Credit Agreement to provide for the refinancing in full of all of the outstanding Refinanced Term Loans with the 2013 Replacement Term Loans (as defined below) on the terms and subject to the
conditions set forth herein; 
 WHEREAS, in accordance with the provisions of Section 13.12(a) of the Credit Agreement,
Holdings, the U.S. Borrower, the European Borrower, the Subsidiary Guarantors, the Administrative Agent, the Issuing Lender, the Swingline Lender, each Revolving Lender and the Required Lenders wish to amend the Credit Agreement to provide
(i) for an extension to the Revolving Loan Maturity Date and (ii) for other amendments described herein, in each case on the terms and subject to the conditions set forth herein; and 

 WHEREAS, Deutsche Bank Securities Inc. (“DBSI”) and Morgan Stanley Senior
Funding, Inc. have agreed to act as joint lead arrangers and joint book running managers with respect to this First Amendment and the 2013 Replacement Term Loans provided for hereunder; 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, it is agreed as follows: 
 SECTION 1. Amendments to Credit Agreement. 

(a) (i) Subject solely to the satisfaction (or waiver) of the conditions set forth in Section 2 hereof, each of the
Lenders with a 2013 Replacement Term Loan Commitment referred to below (together with the Designated 2013 Replacement Term Lender, the “2013 Replacement Term Lenders”) hereby agree to make 2013 Replacement Term Loans to the U.S.
Borrower on the First Amendment Effective Date (as defined below) in the aggregate principal amount of $384,150,000 to refinance all outstanding Refinanced Term Loans in accordance with the relevant requirements of the Credit Agreement and this
First Amendment. 
 It is understood and agreed that (x) the 2013 Replacement Term Loans being made pursuant to this First
Amendment shall constitute “Replacement Term Loans” pursuant to Section 13.12(d) of the Credit Agreement and (y) the Refinanced Term Loans being refinanced shall constitute “Refinanced Term Loans” as defined in
Section 13.12(d) of the Credit Agreement. Except as expressly provided in this First Amendment (including as to Applicable Margin and call protection) and the Credit Agreement (as modified hereby), the 2013 Replacement Term Loans shall be on
terms identical to the Refinanced Term Loans (including as to Guarantors, Collateral (and ranking) and payment priority). 

(ii) The Administrative Agent has prepared a schedule which sets forth the allocated commitments received by it with respect to the 2013
Replacement Term Loans (the “2013 Replacement Term Loan Commitments”) from the 2013 Replacement Term Lenders. The Administrative Agent has notified each 2013 Replacement Term Lender of its allocated 2013 Replacement Term Loan
Commitment. On the First Amendment Effective Date, all then outstanding Refinanced Term Loans shall be refinanced in full as follows: 
 (A) the outstanding aggregate principal amount of Refinanced Term Loans of each Term Lender which is an existing Term Lender under the Credit Agreement with respect to Refinanced Term Loans prior to
giving effect to this First Amendment (each, an “Existing Lender”) shall be repaid in full in cash with respect to its Refinanced Term Loans; and 

(B) (1) each Person that is not an Existing Lender with a 2013 Replacement Term Loan Commitment and (2) each
Existing Lender with a 2013 Replacement Term Loan Commitment agrees to make to the U.S. Borrower a new Term Loan (each, a “2013 Replacement Term Loan”) in a principal amount equal to such 2013 Replacement Term Lender’s 2013
Replacement Term Loan Commitment or such Existing Lender’s 2013 Replacement Term Loan Commitment, as the case may be, on the First Amendment Effective Date; and 

  
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 (iii)(A) Each 2013 Replacement Term Lender hereby agrees to fund its 2013 Replacement Term
Loans in an aggregate principal amount equal to such 2013 Replacement Term Lender’s 2013 Replacement Term Loan Commitment in cash to the Designated 2013 Replacement Term Lender; and 

(B) the Designated 2013 Replacement Term Lender shall fund in cash to the U.S. Borrower, on behalf of each 2013
Replacement Term Lender with a 2013 Replacement Term Loan Commitment an amount equal to such 2013 Replacement Term Lender’s 2013 Replacement Term Loan Commitment. 
 (iv) On the First Amendment Effective Date, the U.S. Borrower shall pay in cash (x) all interest accrued on the Refinanced Term Loans through the First Amendment Effective Date and (y) any
breakage loss or expenses due under Section 2.12 of the Credit Agreement. Each Existing Lender hereby irrevocably waives any entitlement or claim to any breakage loss or expenses due under Section 2.12 of the Credit Agreement with respect
to the repayment of that portion of its Refinanced Term Loans which has been replaced with 2013 Replacement Term Loans. 
 (v)
Promptly following the First Amendment Effective Date, all Notes, if any, evidencing the Refinanced Term Loans shall be cancelled, and any 2013 Replacement Term Lender may request that its 2013 Replacement Term Loan be evidenced by a Note pursuant
to Section 2.6(a) of the Credit Agreement. 
 (vi) Notwithstanding anything to the contrary contained in the Credit
Agreement, all proceeds of the 2013 Replacement Term Loans will be used solely to repay outstanding Refinanced Term Loans and to pay accrued interest described in clause (iv) above and fees and expenses related to this Amendment, in each case
on the First Amendment Effective Date. 
 (vii) On the First Amendment Effective Date (after giving effect to this First
Amendment) (x) the aggregate outstanding amount of the Term Loans shall be $0 and (y) the aggregate outstanding amount of the 2013 Replacement Term Loans shall be $384,150,000. 

(b) Subject solely to the satisfaction (or waiver) of the conditions set forth in Section 2 hereof, upon the making of the
2013 Replacement Term Loans, the Credit Agreement is hereby amended as follows: 
 (i) The first two paragraphs of the
definition of “Applicable Margin” in Section 1.1 of the Credit Agreement are hereby amended by amending and restating them in their entirety as follows: 

““Applicable Margin” shall mean (I) a percentage per annum equal to (i) in the case of
Term Loans maintained as (A) Base Rate Loans, 2.00% and (B) LIBOR Loans, 3.00%; (ii) initially, in the case of Revolving Loans maintained as (A) Base Rate Loans, 2.50% and (B) Fixed Rate Loans, 3.50%; and (iii) in the
case of Swingline Loans, 2.50% and (II) with respect to Incremental Term Loans, the rate per annum specified in the Incremental Amendment establishing Incremental Term Loan Commitments in respect of such Incremental Term Loans. 

  
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 From and after each day of delivery of any certificate delivered in
accordance with the first sentence of the following paragraph indicating an entitlement to a different margin for any Tranche of Loans (other than Term Loans) than that described in the immediately preceding sentence (each, a “Start
Date”) to and including the applicable End Date described below, the Applicable Margins for such Tranches of Loans (hereinafter, the “Adjustable Applicable Margins”) shall be those set forth below opposite the Total First
Lien Leverage Ratio indicated to have been achieved in any certificate delivered as provided below: 
  

									
	 Total First Lien
 Leverage Ratio
	  	Revolving Loan
Fixed Rate
Margin	 	 	Revolving Loan and
Swingline Loan Base
Rate Margin	 
	 Greater than 3.00 to 1.0
	  	 	3.50	% 	 	 	2.50	% 
	 Less than or equal to 3.00 to 1.0 but greater than 2.25 to 1.0
	  	 	3.25	% 	 	 	2.25	% 
	 Less than or equal to 2.25 to 1.0
	  	 	3.00	% 	 	 	2.00	%” 

 (ii) The definition of “Compliance Date” in Section 1.1 of the Credit Agreement is
hereby amended by replacing the reference to “10%” therein with “25%”. 
 (iii) The definition of
“Excess Cash Flow Period” in Section 1.1 of the Credit Agreement is hereby amended by amending and restating it in its entirety as follows: 
 “Excess Cash Flow Period” shall mean each fiscal year of the U.S. Borrower beginning with the fiscal year ending January 31, 2014. 

(iv) The definition of “Maximum Incremental Facilities Amount” in Section 1.1 of the Credit Agreement is hereby
amended by replacing each reference to “$100,000,000” therein with “$150,000,000”. 
 (v) The definition of
“Revolving Loan Maturity Date” in Section 1.1 of the Credit Agreement is hereby amended by deleting the reference to “June 1, 2016” therein and replacing it with “February 7, 2018.” 

(vi) The definition of “Term Loan” in Section 1.1 of the Credit Agreement is hereby amended by amending and
restating it in its entirety as follows: 
 ““Term Loans” shall mean (a) prior to the First Amendment
Effective Date and the making of the 2013 Replacement Term Loans, Term Loans (as defined in the Credit Agreement (prior to giving effect to the First Amendment)), and (b) on and after the First Amendment

  
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Effective Date and upon the making of the 2013 Replacement Term Loans, the 2013 Replacement Term Loans made pursuant to, and in accordance with, the terms of Section 2.1(e) and the
First Amendment, and shall also include each Incremental Term Loan.” 
 (vii) The definition of “Term Loan
Commitment” in Section 1.1 of the Credit Agreement is hereby amended by amending and restating it in its entirety as follows: 
 ““Term Loan Commitment” shall mean (i) with respect to each Lender on the Closing Date, the amount set forth opposite such Lender’s name in Schedule I directly below
the column entitled “Term Loan Commitment,” (ii) with respect to each Lender on the First Amendment Effective Date, the commitment of such Lender to make the 2013 Replacement Term Loans as provided in Section 1 of the First
Amendment in an aggregate amount not to exceed the 2013 Replacement Term Loan Commitment of such Lender and (iii) the Incremental Term Loan Commitments, if any, issued after the Closing Date pursuant to Section 2.15, as each may be
terminated pursuant to Sections 4.3 and/or 11. The aggregate amount of the Term Loan Commitment as of the Closing Date is $390,000,000. The aggregate amount of the Term Loan Commitment as of the First Amendment Effective Date is
$384,150,000.” 
 (viii) The definition of “Term Loan Maturity Date” in Section 1.1 of the Credit
Agreement is hereby amended by amending and restating it in its entirety as follows: 
 ““Term Loan Maturity
Date” shall mean February 7, 2020; provided, however, that such date shall automatically become March 2, 2019 if all the Senior Notes are not repaid in full or extended, renewed or refinanced with a Permitted
Refinancing on or prior to March 2, 2019, which Permitted Refinancing will not mature or require any scheduled amortization or payments of principal prior to the date that is at least 90 days after February 7, 2020.” 

(ix) Section 1.1 of the Credit Agreement is hereby amended by adding the following definitions in appropriate alphabetical order:

 “2013 Replacement Term Loan” has the meaning specified in the First Amendment. 

“2013 Replacement Term Loan Commitment” has the meaning specified in the First Amendment. 

“First Amendment” means the First Amendment, dated as of February 7, 2013, to this Agreement by and among Holdings,
the U.S. Borrower, the European Borrower, the Subsidiary Guarantors, the Administrative Agent, the Revolving Lenders, the Issuing Lender, the Swingline Lender, the Required Lenders, the 2013 Replacement Term Lenders and the Designated 2013
Replacement Term Lender. 
 “First Amendment Effective Date” means February 7, 2013. 

  
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 (x) Section 2.1 of the Credit Agreement is hereby amended by adding the following new
clause (e) at the end thereof: 
 “(e) Subject to and upon the terms and conditions set forth herein and in the First
Amendment, each Lender with a 2013 Replacement Term Loan Commitment severally agrees to make a Term Loan or Term Loans to the U.S. Borrower, which Term Loans (i) shall be incurred pursuant to a single drawing on the First Amendment Effective
Date, (ii) shall be denominated in Dollars, (iii) except as hereinafter provided, shall, at the option of the U.S. Borrower, be incurred and maintained as, and/or converted into, Base Rate Loans or LIBOR Loans, provided, that except
as otherwise specifically provided in Section 2.11(b), all Term Loans comprising the same Borrowing shall at all times be of the same Type and (iv) shall be made by each such Lender in that aggregate principal amount which does not
exceed the 2013 Replacement Term Loan Commitment of such Lender on the First Amendment Effective Date. Once repaid, Term Loans incurred hereunder may not be reborrowed.” 
 (xi) Section 2.4(a) of the Credit Agreement is hereby amended by amending and restating it in its entirety as follows: 
 “ (a) The principal amount of the 2013 Replacement Term Loans of each Term Lender shall be repaid (i) on each Quarterly Payment Date, commencing with the last Business Day of April 2013, in
an amount equal to 0.25% of the aggregate principal amount of the 2013 Replacement Term Loans incurred on the First Amendment Effective Date and (ii) on the Term Loan Maturity Date, in an amount equal to the aggregate principal amount
outstanding on such date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment.” 
 (xii) Section 4.3(a) of the Credit Agreement is hereby amended by amending and restating it in its entirety as follows: 
 “(a) In addition to any other mandatory commitment reductions pursuant to this Section 4.3, (i) the Total Term Loan Commitment (and the Term Loan Commitment of each Lender) as in
effect on the Closing Date shall terminate in its entirety on the Closing Date (after giving effect to the incurrence of Term Loans on such date) and (ii) the Total Term Loan Commitment (and the 2013 Replacement Term Loan Commitment of each
Lender) as in effect on the First Amendment Effective Date shall terminate in its entirety on the First Amendment Effective Date (after giving effect to the incurrence of 2013 Replacement Term Loans on such date).” 

(xiii) Section 5.1(b) of the Credit Agreement is hereby amended by replacing the reference to “Closing Date” appearing in
the proviso thereof with “First Amendment Effective Date” in lieu thereof. 
 (xiv) Section 8.15 of the Credit
Agreement is hereby amended by adding the following new clause (c) at the end thereof: 
 (c) The U.S.
Borrower shall use the proceeds of the 2013 Replacement Term Loans incurred on the First Amendment Effective Date to repay and/or replace all Term Loans outstanding prior to the First Amendment Effective Date (including all accrued interest) and to
pay related costs and expenses. 

  
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 (xv) Section 9.7(f) of the Credit Agreement is hereby amended by replacing the
reference to “the greater of $50,000,000 and 15% of Consolidated Total Tangible Assets” therein with “the greater of $100,000,000 and 30% of Consolidated Total Tangible Assets”. 

(xvi) Section 9.7(g) of the Credit Agreement is hereby amended by amending and restating it in its entirety as follows: 

“(g) acquisitions by the U.S. Borrower or any Restricted Subsidiary of the outstanding Capital Stock of Persons (each
a “Permitted Acquisition”); provided that (i) no Default or Event of Default has occurred or is continuing both before and after giving effect to such Permitted Acquisition and after giving effect to each such Permitted
Acquisition and all Indebtedness incurred in connection therewith, the Loan Parties shall be in pro forma compliance with the Total Leverage Covenant (if such Total Leverage Covenant is then in effect) and (ii) unless such acquired Persons and
their Subsidiaries become Guarantors and pledge their assets as, and to the extent, required by Section 8.8, the aggregate consideration paid by the U.S. Borrower and the Guarantors in respect of all such Permitted Acquisitions shall not
exceed $150,000,000 during the term of this Agreement;” 
 (xvii) Section 9.8(d) of the Credit Agreement is hereby
amended by replacing the reference to “$50,000,000” therein with “$100,000,000”. 
 SECTION 2. Conditions
of Effectiveness of this First Amendment. 
 This First Amendment shall be binding and effective on the date when the
following conditions shall have been satisfied (or waived) (such date, the “First Amendment Effective Date”): 

(a) Holdings, the U.S. Borrower, the European Borrower, the Subsidiary Guarantors, the Administrative Agent, the Revolving Lenders, the
Issuing Lender, the Swingline Lender, the Required Lenders, the Designated 2013 Replacement Term Lender and the 2013 Replacement Term Lenders shall have signed a counterpart hereof (whether the same or different counterparts) and shall have
delivered (including by way of facsimile or other electronic transmission) the same to White & Case LLP, 1155 Avenue of the Americas, New York, NY 10036, Attention: Katayoun C. Sadeghi (2013BakerRefinancing@whitecase.com; facsimile
number (212) 354-8113), counsel to the Administrative Agent; 
 (b) the U.S. Borrower shall have paid, by wire transfer of
immediately available funds, (i) to DBSI, all fees due and payable pursuant to that certain fee letter dated as of February 5, 2013 between the U.S. Borrower and DBSI and (ii) to the Administrative Agent, for the ratable account of
each Existing Lender, all accrued but unpaid interest on the Refinanced Term Loans through the First Amendment Effective Date; 

(c) (i) on the First Amendment Effective Date and after giving effect to this First Amendment and the incurrence of the 2013
Replacement Term Loans, no Default or Event of 

  
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Default shall have occurred and be continuing and (ii) on and as of the First Amendment Effective Date, the representations and warranties contained in the Credit Agreement and each other
Loan Document shall be true and correct in all material respects on and as of such date as if made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, in which case such
representations and warranties shall have been true and correct in all material respects as of such earlier date; 
 (d) the
Administrative Agent shall have received from the U.S. Borrower a certificate executed by an Authorized Officer of the U.S. Borrower, a certificate certifying compliance with the requirements of preceding clause (c); 

(e) the Administrative Agent shall have received a solvency certificate from the chief financial officer of the U.S. Borrower
substantially in the form of Exhibit N to the Credit Agreement, which demonstrates that Holdings and its Subsidiaries, on a consolidated basis, are, and after giving effect to the incurrence of the 2013 Replacement Term Loans on the First Amendment
Effective Date and the application of the proceeds thereof and the other transactions contemplated hereby, will be, Solvent; 

(f) the Administrative Agent shall have received (including by telecopy or other electronic transmission) the Acknowledgment and
Confirmation, substantially in the form of Exhibit A hereto, executed and delivered by an Authorized Officer of the U.S. Borrower and each other Loan Party; 
 (g) the Administrative Agent shall have received (i) a certificate of each Loan Party, dated the First Amendment Effective Date, substantially in the form of Exhibit M to the Credit Agreement, with
appropriate insertions and attachments, including certified organizational authorizations, incumbency certifications, the certificate of incorporation or other similar organizational document of each Loan Party certified by the relevant authority of
the jurisdiction of organization of such Loan Party and bylaws or other similar organizational document of each Loan Party (including, without limitation, the partnership agreement with respect to the European Borrower) certified by an Authorized
Officer as being in full force and effect on the First Amendment Effective Date, and (ii) a good standing certificate for each U.S. Loan Party from its jurisdiction of organization; and 

(h) the Administrative Agent shall have received customary legal opinions from (i) Fried, Frank, Harris Shriver & Jacobson,
LLP, special counsel to the Loan Parties and (ii) De Brauw Blackstone Westbroek New York B.V., P.C., special Dutch counsel to the European Borrower, which opinions, in each case, shall be in form and substance reasonably satisfactory to the
Administrative Agent. 
 SECTION 3. Costs and Expenses. The U.S. Borrower hereby reconfirms its obligations pursuant to
Section 13.1 of the Credit Agreement to pay and reimburse the Administrative Agent for all reasonable out-of-pocket costs and expenses (including, without limitation, reasonable fees of counsel) incurred in connection with the preparation,
execution, delivery and administration of this First Amendment and all other documents and instruments delivered in connection herewith. 

  
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 SECTION 4. Remedies. This First Amendment shall constitute a “Loan
Document” for all purposes of the Credit Agreement and the other Loan Documents. 
 SECTION 5. Representations and
Warranties. To induce the Administrative Agent, the Revolving Lenders, the Issuing Lender, the Swingline Lender and the Designated 2013 Replacement Term Lender to enter into this First Amendment, each of the Loan Parties represents and warrants
to the Administrative Agent, the Revolving Lenders, the Issuing Lender, the Swingline Lender, the 2013 Replacement Term Lenders and the Designated 2013 Replacement Term Lender on and as of the First Amendment Effective Date that, in each case:

 (a) this First Amendment has been duly authorized, executed and delivered by it and each of this First Amendment and the
Credit Agreement constitute its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as may be limited by (i) applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or
similar laws of general applicability relating to or limiting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law and (ii) the need for filings and
registrations necessary to create or perfect the Liens on Collateral granted by the Loan Parties in favor of the Collateral Agent; 
 (b) no Default or Event of Default exists as of the First Amendment Effective Date, both immediately before and after giving effect to this First Amendment; and 

(c) the 2013 Replacement Term Loans have been incurred in compliance with the requirements of Section 13.12(d) of the Credit
Agreement. 
 SECTION 6. Consent. The U.S. Borrower hereby consents to the assignment of any Refinanced Term Loans to any
2013 Replacement Term Lender who is not an Existing Lender. 
 SECTION 7. Reference to and Effect on the Credit Agreement and
the Loan Documents. 
 (a) On and after the First Amendment Effective Date, (i) each reference in the Credit Agreement
to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement, as amended by this First Amendment; (ii) the 2013
Replacement Term Loans shall constitute “Term Loans” for all purposes under the Credit Agreement; and (iii) each 2013 Replacement Term Lender shall constitute a “Lender” as defined in the Credit Agreement. 

(b) The Credit Agreement and each of the other Loan Documents, as specifically amended by this First Amendment, are and shall continue to
be in full force and effect and are hereby in all respects ratified and confirmed. Without limiting the generality of the foregoing, the Security Documents and all of the Collateral described therein do and shall continue to secure the payment of
all Obligations of the Loan Parties under the Loan Documents, in each case, as amended by this First Amendment. 
 (c) The
execution, delivery and effectiveness of this First Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute
a waiver of any provision of any of the Loan Documents. 

  
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 SECTION 8. Governing Law. THIS FIRST AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES, EXCEPT FOR NEW YORK GENERAL OBLIGATIONS LAW SECTIONS 5-1401 AND 5-1402). 

SECTION 9. Counterparts. This First Amendment may be executed in any number of counterparts and by the different parties hereto on
separate counterparts, each of which counterparts when executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A complete set of counterparts shall be lodged with the U.S. Borrower and the
Administrative Agent. 
 SECTION 10. Electronic Execution. The words “execution,” “signed,”
“signature,” and words of like import in this First Amendment or in any amendment or other modification hereof (including waivers and consents) shall be deemed to include electronic signatures or the keeping of records in electronic form,
each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the
Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

[The remainder of this page is intentionally left blank.] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be duly executed
and delivered by their proper and duly authorized officers as of the day and year first above written. 
  

							
	U.S. BORROWER AND GUARANTOR:	 	 	 	BAKERCORP INTERNATIONAL, INC.
				
	 	 	 	 	By:	 	 /s/ James H. Leonetti

	 	 	 	 	 	 	Name: James H. Leonetti
	 	 	 	 	 	 	Title: Vice President
			
	EUROPEAN BORROWER:	 		 	BC INTERNATIONAL HOLDINGS C.V.
				
		 		 	By:	 	 BAKERCORP INTERNATIONAL

MANAGEMENT LLC, its general partner

				
		 		 	By:	 	BAKERCORP, its sole member
				
		 		 	By:	 	 /s/ James H. Leonetti

		 		 		 	Name: James H. Leonetti
		 		 		 	Title: Vice President
			
	GUARANTORS:	 		 	BAKERCORP INTERNATIONAL HOLDINGS, INC.
				
		 		 	By:	 	 /s/ James H. Leonetti

		 		 		 	Name: James H. Leonetti
		 		 		 	Title: Vice President
			
		 		 	FTT HOLDINGS, INC.
				
		 		 	By:	 	 /s/ James H. Leonetti

		 		 		 	Name: James H. Leonetti
		 		 		 	Title: Vice President

 [Signature Page to BakerCorp First Amendment] 

							
	 	 	 	 	BAKERCORP
				
		 		 	By:	 	 /s/ James H. Leonetti

		 		 		 	Name: James H. Leonetti
		 		 		 	Title: Vice President

 [Signature Page to BakerCorp First Amendment] 

 
					
	  	 	DEUTSCHE BANK AG NEW YORK BRANCH,
as Administrative Agent, Collateral Agent, Issuing
Lender, Swingline Lender, Designated 2013
Replacement Term
Lender, 2013 Replacement Term
Lender and a Revolving Lender
			
		 	By:	 	 /s/ Marcus M. Tarkington

		 		 	Name: Marcus M. Tarkington
		 		 	Title: Director
			
		 	By:	 	 /s/ Kelvin Ji

		 		 	Name: Kelvin Ji
		 		 	Title: Vice President

 [Signature Page to BakerCorp First Amendment] 

 
					
	 	 	 MORGAN STANLEY BANK, N.A., as a
 Revolving Lender

			
		 	 By:
	 	 /s/ Michael King

		 		 	 Name: Michael King

		 		 	 Title: Authorized Signatory

 [Signature Page to BakerCorp First Amendment] 

 EXHIBIT A 
 FORM OF ACKNOWLEDGMENT AND CONFIRMATION 
 1. Reference is made to the First
Amendment to the Credit Agreement (as defined in the First Amendment), dated as of February 7, 2013, by and among BAKERCORP INTERNATIONAL HOLDINGS, INC., a Delaware corporation (“Holdings”), BAKERCORP INTERNATIONAL, INC., a
Delaware corporation (the “U.S. Borrower”), BC INTERNATIONAL HOLDINGS C.V., a limited partnership (commanditaire vennootschap) organized under the laws of the Netherlands and having its seat in Amsterdam, the Netherlands (the
“European Borrower”), the Subsidiary Guarantors party thereto, DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent (in such capacity, the “Administrative Agent”), as collateral agent (in such capacity, the
“Collateral Agent”), as Issuing Lender, as Swingline Lender and as designated 2013 Replacement Term Lender (in such capacity, the “Designated 2013 Replacement Term Lender”), the 2013 Replacement Term Lenders, the
Required Lenders and each Revolving Lender. Capitalized terms used herein but not otherwise defined shall have the meanings set forth in the Credit Agreement or First Amendment, as applicable. 

2. Certain provisions of the Credit Agreement are being amended and/or modified pursuant to the First Amendment. Each of the parties
hereto hereby agrees, with respect to each Loan Document to which it is a party, after giving effect to the First Amendment: 
 (a) all of its Obligations, including obligations (whether direct, as a Guarantor or otherwise), liabilities and indebtedness under such Loan Document, shall remain in full force and effect on a
continuous basis; and 
 (b) all of the Liens and security interests created and arising under such Loan Document
remain in full force and effect on a continuous basis, and the perfected status and priority (including to the extent provided for in Section 6.19 of the Credit Agreement) of each such Lien and security interest continues in full force and
effect on a continuous basis, unimpaired, uninterrupted and undischarged, as collateral security for its Obligations, including obligations, liabilities and indebtedness under the Credit Agreement and under its guarantees in the Loan Documents, and
all Mortgages, UCC financing statements and all other recordings and filings previously made, recorded or filed are intended to and do secure and perfect all of its Obligations, in each case to the extent provided in such Loan Documents; 

3. THIS ACKNOWLEDGMENT AND CONFIRMATION AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAW OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES, EXCEPT FOR NEW YORK GENERAL OBLIGATIONS LAW SECTIONS 5-1401 AND 5-1402). 
 4. This Acknowledgment and Confirmation may be executed by one or more of the parties hereto on any number of separate counterparts (including by telecopy or other electronic transmission), and all of
said counterparts taken together shall be deemed to constitute one and the same instrument. 
 [The remainder of this page is
intentionally left blank.] 

 IN WITNESS WHEREOF, the parties hereto have caused this Acknowledgment and Confirmation to
be duly executed as of the day and year first above written. 
  

							
	U.S. BORROWER AND GUARANTOR:	 	 	 	BAKERCORP INTERNATIONAL, INC.
				
		 		 	By:	 	 /s/ James H. Leonetti

		 		 		 	Name: James H. Leonetti
		 		 		 	Title: Vice President
			
	EUROPEAN BORROWER:	 		 	BC INTERNATIONAL HOLDINGS C.V. 
				
		 		 	By:	 	 BAKERCORP INTERNATIONAL

MANAGEMENT LLC, its general partner

				
		 		 	By:	 	BAKERCORP, its sole member
				
		 		 	By:	 	 /s/ James H. Leonetti

		 		 		 	Name: James H. Leonetti
		 		 		 	Title: Vice President
			
	GUARANTORS:	 		 	BAKERCORP INTERNATIONAL HOLDINGS, INC.
				
		 		 	By:	 	 /s/ James H. Leonetti

		 		 		 	Name: James H. Leonetti
		 		 		 	Title: Vice President
			
		 		 	FTT HOLDINGS, INC.
				
		 		 	By:	 	 /s/ James H. Leonetti

		 		 		 	Name: James H. Leonetti
		 		 		 	 Title: Vice President

 [Signature Page to BakerCorp Acknowledgement and Confirmation] 

 
					
	 	 	BAKERCORP
			
		 	By:	 	 /s/ James H. Leonetti

		 		 	Name: James H. Leonetti
		 		 	Title: Vice President

 [Signature Page to BakerCorp Acknowledgement and Confirmation]

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