Document:

EX-4.5

 Exhibit 4.5 
  

 
  

BI-LO HOLDING FINANCE, LLC 
 BI-LO
HOLDING FINANCE, INC. 
 8.625%/9.375% SENIOR PIK TOGGLE NOTES DUE 2018 

 
  

INDENTURE 
 DATED AS OF SEPTEMBER
20, 2013 
  
  

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Trustee 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		 	ARTICLE 1.	  			
			
		 	DEFINITIONS AND INCORPORATION BY REFERENCE	  			
			
	 Section 1.01.
	 	Definitions	  	 	1	  
	 Section 1.02.
	 	Other Definitions	  	 	23	  
	 Section 1.03.
	 	Incorporation by Reference of Trust Indenture Act	  	 	23	  
	 Section 1.04.
	 	Rules of Construction	  	 	24	  
			
		 	ARTICLE 2.	  			
			
		 	THE NOTES	  			
			
	 Section 2.01.
	 	Form and Dating	  	 	24	  
	 Section 2.02.
	 	Execution and Authentication	  	 	26	  
	 Section 2.03.
	 	Registrar and Paying Agent	  	 	27	  
	 Section 2.04.
	 	Paying Agent to Hold Money in Trust	  	 	27	  
	 Section 2.05.
	 	Holder Lists	  	 	27	  
	 Section 2.06.
	 	Transfer and Exchange	  	 	27	  
	 Section 2.07.
	 	Replacement Notes	  	 	37	  
	 Section 2.08.
	 	Outstanding Notes	  	 	38	  
	 Section 2.09.
	 	Treasury Notes	  	 	38	  
	 Section 2.10.
	 	Temporary Notes	  	 	38	  
	 Section 2.11.
	 	Cancellation	  	 	38	  
	 Section 2.12.
	 	Payment of Interest; Defaulted Interest	  	 	38	  
	 Section 2.13.
	 	CUSIP or ISIN Numbers	  	 	39	  
	 Section 2.14.
	 	[Reserved]	  	 	39	  
	 Section 2.15.
	 	Issuance of Additional Notes	  	 	39	  
	 Section 2.16.
	 	Record Date	  	 	39	  
	 Section 2.17.
	 	Issuance of PIK Interest	  	 	39	  
			
		 	ARTICLE 3.	  			
			
		 	REDEMPTION AND PREPAYMENT	  			
			
	 Section 3.01.
	 	Notices to Trustee	  	 	40	  
	 Section 3.02.
	 	Selection of Notes to Be Redeemed	  	 	40	  
	 Section 3.03.
	 	Notice of Redemption	  	 	40	  
	 Section 3.04.
	 	Effect of Notice of Redemption	  	 	41	  
	 Section 3.05.
	 	Deposit of Redemption Price	  	 	41	  
	 Section 3.06.
	 	Notes Redeemed in Part	  	 	42	  
	 Section 3.07.
	 	Optional Redemption	  	 	42	  
	 Section 3.08.
	 	Mandatory Redemption	  	 	42	  
	 Section 3.09.
	 	Offer To Purchase	  	 	42	  
			
		 	ARTICLE 4.	  			
			
		 	COVENANTS	  			
			
	 Section 4.01.
	 	Payment of Notes	  	 	45	  
	 Section 4.02.
	 	Maintenance of Office or Agency	  	 	45	  

  
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	 	 	 	  	Page	 
	 Section 4.03.
	 	Reports	  	 	45	  
	 Section 4.04.
	 	Compliance Certificate	  	 	48	  
	 Section 4.05.
	 	Taxes	  	 	48	  
	 Section 4.06.
	 	Stay, Extension and Usury Laws	  	 	48	  
	 Section 4.07.
	 	Corporate Existence	  	 	48	  
	 Section 4.08.
	 	[Reserved]	  	 	49	  
	 Section 4.09.
	 	Limitation on Indebtedness	  	 	49	  
	 Section 4.10.
	 	Limitation on Restricted Payments	  	 	52	  
	 Section 4.11.
	 	Limitation on Liens	  	 	56	  
	 Section 4.12.
	 	Limitation on Sale of Assets	  	 	57	  
	 Section 4.13.
	 	Limitation on Dividend and Other Payment Restrictions Affecting Subsidiaries	  	 	58	  
	 Section 4.14.
	 	Limitation on Transactions with Affiliates	  	 	60	  
	 Section 4.15.
	 	Future Guarantees	  	 	61	  
	 Section 4.16.
	 	Limitation on Unrestricted Subsidiaries	  	 	62	  
	 Section 4.17.
	 	Repurchase at the Option of Holders Upon a Change of Control	  	 	63	  
	 Section 4.18.
	 	Restrictions on Activities of the Co-Issuer	  	 	63	  
			
		 	ARTICLE 5.	  			
			
		 	SUCCESSORS	  			
			
	 Section 5.01.
	 	Merger, Consolidation and Sale of Assets	  	 	64	  
	 Section 5.02.
	 	Surviving Entity Substituted	  	 	65	  
			
		 	ARTICLE 6.	  			
			
		 	DEFAULTS AND REMEDIES	  			
			
	 Section 6.01.
	 	Events of Default	  	 	65	  
	 Section 6.02.
	 	Acceleration	  	 	66	  
	 Section 6.03.
	 	Other Remedies	  	 	67	  
	 Section 6.04.
	 	Waiver of Defaults	  	 	67	  
	 Section 6.05.
	 	Control by Majority	  	 	67	  
	 Section 6.06.
	 	Limitation on Suits	  	 	68	  
	 Section 6.07.
	 	Rights of Holders to Receive Payment	  	 	68	  
	 Section 6.08.
	 	Collection Suit by Trustee	  	 	68	  
	 Section 6.09.
	 	Trustee May File Proofs of Claim	  	 	68	  
	 Section 6.10.
	 	Priorities	  	 	69	  
	 Section 6.11.
	 	Undertaking for Costs	  	 	69	  
			
		 	ARTICLE 7.	  			
			
		 	TRUSTEE	  			
			
	 Section 7.01.
	 	Duties of Trustee	  	 	69	  
	 Section 7.02.
	 	Rights of Trustee	  	 	70	  
	 Section 7.03.
	 	Individual Rights of Trustee	  	 	71	  
	 Section 7.04.
	 	Trustee’s Disclaimer	  	 	71	  
	 Section 7.05.
	 	Notice of Defaults	  	 	71	  
	 Section 7.06.
	 	Reports by Trustee to Holders	  	 	71	  
	 Section 7.07.
	 	Compensation and Indemnity	  	 	72	  
	 Section 7.08.
	 	Replacement of Trustee	  	 	72	  
	 Section 7.09.
	 	Successor Trustee by Merger, etc.	  	 	73	  
	 Section 7.10.
	 	Eligibility; Disqualification	  	 	73	  
	 Section 7.11.
	 	Preferential Collection of Claims Against Issuers	  	 	73	  

  
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	 	 	 	  	Page	 
		 	ARTICLE 8.	  			
			
		 	LEGAL DEFEASANCE AND COVENANT DEFEASANCE	  			
			
	 Section 8.01.
	 	Option to Effect Legal Defeasance or Covenant Defeasance	  	 	74	  
	 Section 8.02.
	 	Legal Defeasance and Discharge	  	 	74	  
	 Section 8.03.
	 	Covenant Defeasance	  	 	74	  
	 Section 8.04.
	 	Conditions to Legal or Covenant Defeasance	  	 	74	  
	 Section 8.05.
	 	Deposited Cash and U.S. Government Securities to be Held in Trust; Other Miscellaneous Provisions	  	 	76	  
	 Section 8.06.
	 	Repayment to Issuers	  	 	76	  
	 Section 8.07.
	 	Reinstatement	  	 	77	  
			
		 	ARTICLE 9.	  			
			
		 	AMENDMENT, SUPPLEMENT AND WAIVER	  			
			
	 Section 9.01.
	 	Without Consent of Holders of Notes	  	 	77	  
	 Section 9.02.
	 	With Consent of Holders of Notes	  	 	78	  
	 Section 9.03.
	 	Compliance with Trust Indenture Act	  	 	79	  
	 Section 9.04.
	 	Revocation and Effect of Consents	  	 	79	  
	 Section 9.05.
	 	Notation on or Exchange of Notes	  	 	79	  
	 Section 9.06.
	 	Trustee to Sign Amendments, etc.	  	 	79	  
			
		 	ARTICLE 10.	  			
			
		 	GUARANTEES	  			
			
	 Section 10.01.
	 	Guarantee	  	 	79	  
	 Section 10.02.
	 	Limitation on Guarantor Liability	  	 	81	  
	 Section 10.03.
	 	Execution and Delivery of Notation of Guarantee	  	 	81	  
	 Section 10.04.
	 	Guarantors May Consolidate, etc., on Certain Terms	  	 	82	  
	 Section 10.05.
	 	Releases Following Merger, Consolidation or Sale of Assets, Etc.	  	 	82	  
			
		 	ARTICLE 11.	  			
			
		 	[RESERVED]	  			
			
		 	ARTICLE 12.	  			
			
		 	SATISFACTION AND DISCHARGE	  			
			
	 Section 12.01.
	 	Satisfaction and Discharge	  	 	83	  
	 Section 12.02.
	 	Deposited Cash and U.S. Government Securities to be Held in Trust; Other Miscellaneous Provisions	  	 	84	  
	 Section 12.03.
	 	Repayment to Issuers	  	 	84	  
			
		 	ARTICLE 13.	  			
			
		 	MISCELLANEOUS	  			
			
	 Section 13.01.
	 	Trust Indenture Act Controls	  	 	85	  
	 Section 13.02.
	 	Notices	  	 	85	  
	 Section 13.03.
	 	Communication by Holders of Notes with Other Holders of Notes	  	 	86	  
	 Section 13.04.
	 	Certificate and Opinion as to Conditions Precedent	  	 	86	  

  
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	 	 	 	  	Page	 
	 Section 13.05.
	 	Statements Required in Certificate or Opinion	  	 	86	  
	 Section 13.06.
	 	Rules by Trustee and Agents	  	 	86	  
	 Section 13.07.
	 	No Personal Liability of Directors, Officers, Employees and Stockholders	  	 	86	  
	 Section 13.08.
	 	Governing Law; Waiver of Jury Trial	  	 	87	  
	 Section 13.09.
	 	No Adverse Interpretation of Other Agreements	  	 	87	  
	 Section 13.10.
	 	Successors	  	 	87	  
	 Section 13.11.
	 	Severability	  	 	87	  
	 Section 13.12.
	 	Counterpart Originals	  	 	87	  
	 Section 13.13.
	 	Table of Contents, Headings, etc.	  	 	87	  
	 Section 13.14.
	 	Force Majeure	  	 	87	  
			
	 EXHIBIT A
	 	Form of Note	  			
	 EXHIBIT B
	 	Form of Certificate of Transfer	  			
	 EXHIBIT C
	 	Form of Certificate of Exchange	  			
	 EXHIBIT D
	 	Form of Notation of Guarantee	  			
	 EXHIBIT E
	 	Form of Supplemental Indenture to be Delivered by Future Guarantors	  			

  
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 CROSS-REFERENCE TABLE 

 

			
	TIA Section Reference	  	Indenture Section
	 310(a)(1)
	  	7.10
	 (a)(2)
	  	7.10
	 (a)(3)
	  	N.A.
	 (a)(4)
	  	N.A.
	 (a)(5)
	  	7.10
	 (b)
	  	7.08, 7.10
	 (c)
	  	N.A.
	 311(a)
	  	7.11
	 (b)
	  	7.11
	 (c)
	  	N.A.
	 312(a)
	  	2.05
	 (b)
	  	12.03
	 (c)
	  	12.03
	 313(a)
	  	7.06
	 (b)(1)
	  	N.A.
	 (b)(2)
	  	7.06, 7.07
	 (c)
	  	7.06, 12.02
	 (d)
	  	7.06
	 314(a)
	  	4.03, 4.04, 12.02
	 (b)
	  	N.A.
	 (c)(1)
	  	12.04
	 (c)(2)
	  	12.04
	 (c)(3)
	  	N.A.
	 (d)
	  	N.A.
	 (e)
	  	12.05
	 315(a)
	  	7.01
	 (b)
	  	7.05, 12.02
	 (c)
	  	7.01
	 (d)
	  	7.01
	 (e)
	  	6.11
	 316(a) (last sentence)
	  	2.09
	 (a)(1)(A)
	  	6.05
	 (a)(1)(B)
	  	6.04
	 (a)(2)
	  	N.A.
	 (b)
	  	6.07
	 317(a)(1)
	  	6.08
	 (a)(2)
	  	6.09
	 (b)
	  	2.04
	 318(a)
	  	12.01

 N.A. means Not Applicable. 

Note: This Cross-Reference Table shall not, for any purpose, be deemed to be part of this Indenture. 

 This INDENTURE dated as of September 20, 2013, is by and among BI-LO HOLDING
FINANCE, LLC, a Delaware limited liability company (the “Company”), BI-LO HOLDING FINANCE, INC., a Delaware corporation (“Co-Issuer” and, together with the Company,
the “Issuers”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee (the “Trustee”). 

The Issuers and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders of the
8.625%/9.375% Senior PIK Toggle Notes due 2018 issued under this Indenture: 
 ARTICLE 1.  

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01. Definitions. 

For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

“144A Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the
Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee issued in a denomination equal to the outstanding principal amount of the Notes sold for initial resale in reliance on Rule
144A. 
 “Acquired Indebtedness” means, with respect to any specified Person, Indebtedness of any other Person
(1) existing at the time such other Person is consolidated or merged with or into, or became a Subsidiary of, such specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person
consolidating or merging with or into, or becoming a Subsidiary of, such specified Person, or (2) assumed in connection with the acquisition of assets from such other Person, whether or not such Indebtedness is incurred in connection with, or
in contemplation of such acquisition, as the case may be. Notwithstanding the foregoing, Acquired Indebtedness shall not include Indebtedness of such other Person that is extinguished, retired or repaid substantially concurrently with such other
Person becoming a Restricted Subsidiary of, or at the time it is consolidated or merged with or into, such specified Person. 

“Additional Notes” means any Notes (other than Initial Notes, PIK Notes and Notes issued under Sections 2.06, 2.07, 2.10 and
3.06 hereof) issued under this Indenture in accordance with Sections 2.02, 2.15 and 4.09 hereof, as part of the same series as the Initial Notes or as an additional series, as the aggregate principal amount thereof may be increased from time to time
as a result of a payment of PIK Interest thereon. 
 “Affiliate” means, with respect to any specified Person, any other
Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power
to direct the management and policies of such Person, directly or indirectly, whether through ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the
foregoing. 
 “Agent” means any Registrar or Paying Agent. 

“Applicable Premium” means, with respect to any Note on any date of redemption, the greater of: 

(1) 1.0% of the principal amount of the Note, or 

(2) the excess of: 

(a) the present value at such redemption date of (i) the redemption price of the Note at September 15, 2014 (such
redemption price being set forth in the table appearing under Section 3.07(a) hereof), plus (ii) all required interest payments due on the Note through September 15, 2014 (excluding accrued but unpaid interest to the date of
redemption and assuming all such interest is Cash Interest), computed using a discount rate equal to the Treasury Rate as of such date of redemption plus 50 basis points; over 

 (b) the principal amount of the Note. 

“Applicable Procedures” means, with respect to any transfer, redemption or exchange of or for beneficial interests in any
Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer, redemption or exchange. 

“Asset Sale” means any sale, issuance, conveyance, transfer, lease or other disposition (including, without limitation, by
way of merger, consolidation or sale and leaseback transaction) (collectively, a “transfer”), directly or indirectly, in one or a series of related transactions, of 

(1) any Capital Stock of any Restricted Subsidiary; 

(2) all or substantially all of the properties and assets of any division or line of business of the Company or any Restricted
Subsidiary; or 
 (3) any other properties or assets (including any transfer by written contract by the Company or any
Restricted Subsidiary to any other Person of any of its rights to receive all or a portion of the proceeds from the sale by the Company or any Restricted Subsidiary of any such asset or properties) of the Company or any Restricted Subsidiary other
than in the ordinary course of business. 
 For the purposes of this definition, the term “Asset Sale” shall not include any
transfer of Capital Stock or properties and assets: 
 (A) that is governed by Section 5.01 hereof, 

(B) that is by the Company to any Restricted Subsidiary or by any Restricted Subsidiary to the Company or any Restricted
Subsidiary or that is the issuance of Capital Stock by a Restricted Subsidiary to the Company or to another Restricted Subsidiary; 

(C) that would be a Restricted Payment permitted to be made under Section 4.10 hereof or a Permitted Investment; 

(D) that are obsolete, damaged or worn out property or otherwise unsuitable for use in the ordinary course of business; 

(E) that is the transfer of Capital Stock of, or other Investment in, an Unrestricted Subsidiary; 

(F) that is the sale or other transfer of cash or Cash Equivalents or the voluntary termination of Hedging Obligations; 

(G) that is the sale or other transfer deemed to occur in connection with creating or granting any Liens pursuant to
Section 4.11 hereof (including Permitted Liens); 
 (H) the Fair Market Value of which in the aggregate does not exceed
$2.5 million in any transaction or series of related transactions; 
 (I) consisting of the licensing of any intellectual
property in the ordinary course of business of the Company and its Restricted Subsidiaries; 
 (J) to the extent allowable
under Section 1031 of the Internal Revenue Code of 1986, any exchange of like property (excluding any boot thereon) for use in a Permitted Business; 

  
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 (K) that is a transfer of property subject to casualty or condemnation
proceedings (including in lieu thereof) upon the receipt of the net cash proceeds therefor, provided such net cash proceeds are deemed to be Net Cash Proceeds and are applied in accordance with Section 4.12 hereof; 

(L) that is a foreclosure on assets or a transfer of Investments or receivables in connection with the compromise, settlement
or collection thereof or in bankruptcy or similar proceedings; or 
 (M) that is a surrender or waiver of contract rights or
the settlement, release or surrender of contract, tort or other claims of any kind. 
 “Average Life to Stated Maturity”
means, as of the date of determination with respect to any Indebtedness, the quotient obtained by dividing (1) the sum of the products of (a) the number of years from the date of determination to the date or dates of each successive
scheduled principal payment of such Indebtedness and (b) the amount of each such principal payment by (2) the sum of all such principal payments. 

“Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors, or the law of any
other jurisdiction relating to bankruptcy, insolvency, winding up, liquidation, reorganization or relief of debtors. 

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except
that in calculating the beneficial ownership of any particular “person” (as such term is used in Section 13(d)(3) of the Exchange Act), such “person” shall be deemed to have beneficial ownership of all securities that such
“person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent condition. The terms “Beneficially Owns” and
“Beneficially Owned” have a corresponding meaning. 
 “BI-LO” means BI-LO, LLC, a Delaware limited liability
company. 
 “Board of Directors” means (1) in respect of a corporation, the board of directors of the corporation, or
any duly authorized committee thereof and (2) in respect of any other Person, the board committee, manager(s) or member(s) of that Person serving an equivalent function. 

“Board Resolution” of a Person means a copy of a resolution certified by the secretary or an assistant secretary (or
individual performing comparable duties) of the applicable Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day” means any day other than a Legal Holiday. 

“Capital Lease Obligation” of any Person means any obligation of such Person and its Restricted Subsidiaries on a
consolidated basis under any capital lease of (or other agreement conveying the right to use) real or personal property which, in accordance with GAAP, is required to be recorded as a capitalized lease obligation, but excluding land lease
obligations, for which there are directly comparable land assets recorded, and which will not require future cash payments. 

“Capital Stock” of any Person means any and all shares, interests, participations, rights in or other equivalents (however
designated) of such Person’s capital stock, other equity interests whether now outstanding or issued after the Issue Date, partnership interests (whether general or limited), limited liability company interests, any other interest or
participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of the issuing Person, including any Preferred Stock, and any rights (other than debt securities convertible into Capital
Stock), warrants or options exchangeable for or convertible into such Capital Stock. 

  
 -3- 

 “Cash Equivalents” means: 

(1) securities issued or directly and fully and unconditionally guaranteed or insured by the U.S. government or any agency or
instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government with maturities of 24 months or less from the date of acquisition; 

(2) certificates of deposit, time deposits and Eurodollar time deposits with maturities of one year or less from the date of
acquisition, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case with any commercial bank having capital and surplus of not less than $500.0 million; 

(3) repurchase obligations for underlying securities of the types set forth in clauses (1) and (2) entered into with
any financial institution meeting the qualifications specified in clause (2) above; 
 (4) securities with maturities of
24 months or less from the date of acquisition backed by standby letters of credit issued by any commercial bank satisfying the requirements of clause (2) above; 

(5) commercial paper rated at least P-2 by Moody’s Investors Service, Inc. (“Moody’s”) or at least A-2 by
Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. (“S&P”) (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another rating
agency) and in each case maturing within one year after the date of creation thereof; 
 (6) marketable short-term money
market and similar securities having a rating of least P-2 or A-2 from either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another rating
agency) and in each case maturing within 24 months after the date of creation thereof; 
 (7) repurchase agreements and
reverse repurchase agreements relating to marketable direct obligations issued or unconditionally guaranteed by the United States or issued by any agency thereof and backed by the full faith and credit of the United States maturing within 365 days
from the date of acquisition; 
 (8) Investments with average maturities of 12 months or less from the date of acquisition in
money market funds rated AAA- (or the equivalent thereof) or better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating
from another rating agency); and 
 (9) investment funds investing 95% of their assets in cash and securities of the types
set forth in clauses (1) through (8) above. 
 “Change of Control” means the occurrence of any of the following
events: 
 (1) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Exchange Act), other than a Permitted Holder, becomes the “Beneficial Owner” of (i) prior to the consummation of an underwritten public Equity Offering by the Company or any direct or indirect parent company of the Company, 35% or
more of the total voting power of the Voting Stock of the Company or any of its direct or indirect parent companies holding directly or indirectly 100% of the total voting power of the Voting Stock of the Company, or (ii) subsequent to the
consummation of an underwritten public Equity Offering by the Company or any direct or indirect parent company of the Company, 50% or more of the total voting power of the Voting Stock of the Company or any of its direct or indirect parent companies
holding directly or indirectly 100% of the total voting power of the Voting Stock of the Company. 
 (2) during any period of
two consecutive years, individuals who at the beginning of such period constituted the Board of Directors of the Company (together with any new directors whose election to such board or whose nomination for election by the stockholders of the
Company was approved by a vote of a majority of the directors then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved), cease for any reason to constitute
a majority of such Board of Directors then in office; 

  
 -4- 

 (3) the Company consolidates with or merges with or into any Person or sells,
assigns, conveys, transfers, leases or otherwise disposes of all or substantially all of its and its Restricted Subsidiaries’ assets to any Person, other than a Permitted Holder, or any Person consolidates with or merges into or with the
Company, in any such event pursuant to a transaction in which the outstanding Voting Stock of the Company is converted into or exchanged for cash, securities or other property, other than any such transaction where: 

(A) the outstanding Voting Stock of the Company is converted into or exchanged for (1) Voting Stock of the surviving
entity which is not Redeemable Capital Stock or (2) cash, securities and other property (other than Capital Stock of the surviving entity) in an amount which could be paid by the Company as a Restricted Payment as set forth in Section 4.10
hereof (and such amount shall be treated as a Restricted Payment subject to Section 4.10 hereof); and 
 (B) immediately
after such transaction, no “person” or “group,” other than a Permitted Holder, is the Beneficial Owner, directly or indirectly, of more than 50% of the total outstanding Voting Stock of the surviving entity; 

(4) the Co-Issuer ceases to be a Subsidiary of the Company; or 

(5) (a) the Company ceases to beneficially own (within the meaning of Rule 13d-3 under the Exchange Act, or any successor
provision) directly or indirectly 100% of the issued and outstanding Capital Stock of Holding (or any successor thereto to the extent Holding is consolidated into or merges with or into such Person in accordance with the terms of this Indenture) or
(b) Holding ceases to beneficially own (within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision) directly or indirectly 100% of the issued and outstanding Capital Stock of BI-LO (or any successor thereto to the
extent BI-LO is consolidated into or merges with or into such Person in accordance with the terms of this Indenture) other than, in the case of clause (a) and (b) in a transaction which complies with Section 5.01 hereof. 

Notwithstanding the foregoing, a conversion (whether by merger, statutory conversion or otherwise) of either the Company, Holding or BI-LO
from a limited liability company to a corporation, or an exchange of all of the outstanding memberships interests in the Company, Holding or BI-LO, as the case may be, for Capital Stock in a corporation, shall not, solely by virtue of such merger,
conversion or exchange, be deemed to constitute a Change of Control, so long as following such merger, conversion or exchange the “persons” (as that term is used in Sections 13(d) and 14(d) of the Exchange Act) who Beneficially Owned the
Voting Stock of the Company, Holding or BI-LO, as the case may be, immediately prior to such transaction beneficially own the same percentage of the Voting Stock of such successor corporation. 

“Clearstream” means Clearstream Banking S.A and any successor thereto. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Commodity Price Protection Agreement” means any forward contract, commodity swap, commodity option or other similar
agreement or arrangement relating to, or the value of which is dependent upon, fluctuations in commodity prices. 

“Company” means BI-LO Holding Finance, LLC, and any successor thereto. 

“Consolidated EBITDA” of any Person means for any period, the sum, without duplication, of (A) Consolidated Net Income
(Loss) of such Person, (B) in each case to the extent deducted in computing such Consolidated Net Income (Loss) for such period, (i) Consolidated Interest Expense, (ii) Consolidated Income Tax Expense, (iii) Consolidated Non-cash
Charges, (iv) any unusual or non-recurring items and any restructuring charges or reserves, including, without limitation, in connection with an acquisition made after the Issue Date (which, for the

  
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avoidance of doubt, shall include retention, severance, systems establishment costs, excess pension charges, contract and lease termination costs and costs to consolidate facilities and relocate
employees), (v) the amount of management fees and expense reimbursement accrued by such Person to the Permitted Holders pursuant to the Sponsor Management Agreement, (vi) the amount of any expenses in connection with any actual or proposed
Investment, incurrence or repayment of Indebtedness, issuance of Capital Stock or acquisition or disposition outside the ordinary course of business, and (vii) expenses incurred to the extent covered by indemnification provisions in any
agreement in connection with an acquisition to the extent reimbursed in cash and such indemnification payments are not otherwise included in Consolidated EBITDA, in each case, for such period, of such Person and its Restricted Subsidiaries all
determined in accordance with GAAP, and (C) proceeds of such Person or any of its Restricted Subsidiaries from any business interruption insurance to the extent not otherwise included in such Consolidated Net Income, and less (D) all
non-cash items increasing such Consolidated Net Income for such period (other than the accrual of revenue and other than non-cash items to the extent they represent the reversal of an accrual of, or cash reserve for, anticipated charges made in any
prior period or which will result in the receipt of cash in a future period); provided, that with respect to any period ending prior to the Issue Date, Consolidated EBITDA shall be calculated after giving effect, without duplication, to the
adjustments set forth in the calculation of “Adjusted EBITDA” in the Offering Memorandum. 
 “Consolidated Fixed Charge
Coverage Ratio” of any Person means, for any period of the most recent four fiscal quarters for which internal consolidated financial statements of such Person are available (the “Four Quarter Period”), the ratio of its

 (a) Consolidated EBITDA for such Four Quarter Period to 

(b) Consolidated Interest Expense for such Four Quarter Period (but excluding from Consolidated Interest Expense for this
purpose the accretion of any original issue discount on the Notes issued on the Issue Date), 
 in the case of each of clauses (a) and
(b) after giving pro forma effect to: 
 (1) the incurrence of the Indebtedness giving rise to the need to make such
calculation and (if applicable) the application of the net proceeds therefrom, including to refinance other Indebtedness, as if such Indebtedness was incurred, and the application of such proceeds occurred, on the first day of such Four Quarter
Period; 
 (2) the incurrence, repayment or retirement of any other Indebtedness by such Person and its Restricted
Subsidiaries since the first day of such Four Quarter Period as if such Indebtedness was incurred, repaid or retired at the beginning of such Four Quarter Period (except that, in making such computation, the amount of Indebtedness under any
revolving credit facility shall be computed based upon the average daily balance of such Indebtedness during such Four Quarter Period); 

(3) in the case of Acquired Indebtedness or any acquisition occurring at the time of the incurrence of such Indebtedness, the
related acquisition, assuming such acquisition had been consummated on the first day of such Four Quarter Period; 
 (4) any
acquisition or disposition by such Person and its Restricted Subsidiaries of any company or any business or any assets out of the ordinary course of business, whether by merger, stock purchase or sale or asset purchase or sale, or any related
repayment of Indebtedness, in each case since the first day of such Four Quarter Period, and prior to the date of determination, assuming such acquisition or disposition had been consummated on the first day of such Four Quarter Period; and 

(5) if since the beginning of such Four Quarter Period, any Person that subsequently became a Restricted Subsidiary or was
merged with or into the referent Person or any of its Restricted Subsidiaries since the beginning of such Four Quarter Period shall have made any acquisition, disposition, merger or consolidation that would have required adjustment pursuant to this
definition, such acquisition, disposition, merger or consolidation assuming such acquisition, disposition, merger or consolidation had occurred on the first day of such Four Quarter Period; provided that 

  
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 (A) in making such computation, the Consolidated EBITDA and Consolidated Interest
Expense attributable to discontinued operations will be excluded; 
 (B) in making such computation, the Consolidated
Interest Expense attributable to interest on any Indebtedness computed on a pro forma basis and (a) bearing a floating interest rate shall be computed as if the rate in effect on the date of computation had been the applicable rate for the
entire Four Quarter Period and (b) which was not outstanding during the Four Quarter Period which bears, at the option of such Person, a fixed or floating rate of interest, shall be computed by applying at the option of such Person either the
fixed or floating rate, in each case taking into account any Interest Rate Agreements; 
 (C) in making such computation, the
Consolidated Interest Expense of such Person attributable to interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the
applicable Four Quarter Period; and 
 (D) whenever pro forma effect is to be given to an acquisition or disposition, such
pro forma calculation shall be made in good faith by a responsible financial or accounting officer of the Company. Any such pro forma calculation may include adjustments appropriate, in the reasonable determination of the Company, as set forth in an
Officer’s Certificate of the Company, to reflect (a) operating expense reductions and other operating improvements or synergies reasonably expected to result from any acquisition or disposition and (b) all adjustments of the nature
used in connection with the calculation of “Adjusted EBITDA” as set forth in the relevant footnotes to the “Summary— Summary Selected Historical and Pro Forma Financial and Other Data” in the Offering Memorandum to the
extent such adjustments, without duplication, continue to be applicable to such Four Quarter Period; provided that (x) such operating expense reductions and other operating improvements or synergies are reasonably identifiable and
factually supportable and (y) such actions are reasonably expected to be taken no later than six months after such transaction. 

“Consolidated Income Tax Expense” of any Person means, for any period, the provision for federal, state, local and foreign
income taxes and franchise taxes imposed by states of such Person and its consolidated Restricted Subsidiaries for such period as determined in accordance with GAAP. 

“Consolidated Interest Expense” of any Person means, without duplication, for any period, the sum of: 

(a) the interest expense of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, including,
without limitation: 
 (1) amortization of debt discount, 

(2) the net cost (benefit) associated with Interest Rate Agreements (including amortization of discounts), 

(3) the interest portion of any deferred payment obligation, 

(4) all commissions, discounts and other fees and charges owed with respect to letter of credit or bankers’ acceptance
financings and 
 (5) accrued interest, 

  
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 and excluding (i) accretion or accrual of discounted liabilities not constituting Indebtedness,
(ii) any expense resulting from the discounting of Indebtedness in connection with the application of recapitalization accounting or, if applicable, purchase accounting and (iii) amortization of deferred financing fees, debt issuance
costs, commissions, fees and expenses; plus 
 (b) (1) the interest component of the Capital Lease Obligations paid, accrued
and/or scheduled to be paid or accrued by such Person and its Restricted Subsidiaries during such period and 
 (2) all
capitalized interest of such Person and its Restricted Subsidiaries, plus 
 (c) the interest expense under any Guaranteed
Debt of such Person and any Restricted Subsidiary to the extent not included under clause (a) above, whether or not paid by such Person or its Restricted Subsidiaries, plus 

(d) dividend requirements of the Company with respect to Redeemable Capital Stock and of any Restricted Subsidiary with respect
to Preferred Stock (except, in either case, dividends payable solely in Qualified Capital Stock of the Company or such Restricted Subsidiary, as the case may be or, in the case of a Restricted Subsidiary, dividends paid to the Company or another
Restricted Subsidiary of the Company), less 
 (e) interest income of such Person and its Restricted Subsidiaries. 

“Consolidated Net Income (Loss)” of any Person means, for any period, the consolidated net income (or loss) of such Person
and its Restricted Subsidiaries for such period on a consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication: 

(1) all extraordinary gains or losses net of taxes (less all fees and expenses relating thereto); 

(2) the portion of net income (or loss) of such Person and its Restricted Subsidiaries on a consolidated basis allocable to
minority interests in unconsolidated Persons or Unrestricted Subsidiaries to the extent that cash dividends or distributions have not actually been received by such Person or one of its consolidated Restricted Subsidiaries; 

(3) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan and any non-cash charges
incurred relating to the underfunded portion of any pension plan; 
 (4) gains or losses, net of taxes (less all fees and
expenses relating thereto), in respect of dispositions of assets other than in the ordinary course of business; 
 (5) solely
for purposes of determining the amount available for Restricted Payments pursuant to Section 4.10(a)(3)(A) hereof the net income of any Restricted Subsidiary of BI-LO that is not a Guarantor to the extent that the declaration of dividends or
similar distributions by that Restricted Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter, any agreement, or applicable law, except to the extent of the amount of dividends or
other distributions actually paid to the Company or any Restricted Subsidiary; 
 (6) any net gain or loss arising from the
acquisition of any securities or extinguishment or conversion of any Indebtedness or Hedging Obligations of such Person; 

(7) any non-cash goodwill or asset impairment charges, any non-cash write-downs attributable to joint ventures held by such
Person or any of its Restricted Subsidiaries and the amortization of intangibles, in each case pursuant to GAAP; 

  
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 (8) any non-cash charges resulting from the application of the Financial
Accounting Standards Board’s Accounting Standards Codification (ASC) Topic 718 (Compensation — Stock Compensation) and any other non-cash compensation charges or other non-cash expenses or charges arising from the grant of or issuance or
repricing of stock, stock options or other equity-based awards or any amendment, modification, substitution or change of any such stock, stock options or other equity-based awards; 

(9) all deferred financing costs written off, and premiums paid, in connection with any early extinguishment of Indebtedness;

 (10) the cumulative effect of a change in accounting principles during such period and any amounts attributable to LIFO
adjustments; 
 (11) unrealized gains and losses from Hedging Obligations or “embedded derivatives” that require
the same accounting treatment as Hedging Obligations; and 
 (12) any purchase accounting adjustments (including, without
limitation, the impact of writing up inventory, deferred marketing and deferred financing costs or deferred revenue at fair value), amortizations, impairments, write-offs, or non-cash charges with respect to purchase accounting with respect to any
acquisitions, disposition, merger, consolidation, amalgamation or similar transactions. 
 “Consolidated Net Tangible
Assets” of any Person means, for any period, the total amount of assets (less applicable reserves and other properly deductible items) after deducting (1) all current liabilities and (2) all goodwill, trade names, trademarks,
patents, unamortized debt discount and expense and other intangibles, all as set forth on such Person’s most recent consolidated balance sheet and computed in accordance with GAAP on a pro forma basis to give effect to any acquisition or
disposition of assets outside the ordinary course of business made after such balance sheet date and on or prior to the date of determination. 

“Consolidated Non-cash Charges” of any Person means, for any period, the aggregate depreciation, amortization and other
non-cash charges of such Person and its Restricted Subsidiaries on a consolidated basis for such period, as determined in accordance with GAAP (excluding any non-cash charge which requires an accrual or reserve for cash charges for any future
period). 
 “Corporate Trust Office of the Trustee” means the principal office of the Trustee at which at any time its
corporate trust business shall be administered, which office at the date hereof is specified in Section 13.02 hereof, or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the
principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company). 

“Credit Agreement” means the Credit Agreement dated as of March 9, 2012 among Holding, BI-LO, the various lenders and
agents from time to time party thereto and Deutsche Bank Trust Company Americas as administrative agent and collateral agent, together with any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof and any
indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or investors that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including
(without limitation) any such replacement, refunding or refinancing facility or indenture that increases the amount borrowable thereunder, alters the maturity thereof or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder
and whether by the same or any other agent, lender, group of lenders or investors. 
 “Credit Facility” means one or more
credit or debt facilities (including, without limitation, any credit or debt facilities provided under the Credit Agreement), commercial paper facilities or other debt instruments, indentures or agreements, providing for revolving credit loans, term
loans, notes, securities, letters of credit or other debt obligations, in each case, as amended, restated, modified, renewed, refunded, restructured, supplemented, replaced or refinanced in whole or in part from time to time, including without
limitation any amendment increasing the amount of Indebtedness incurred or available to be borrowed thereunder, extending the maturity of any Indebtedness incurred thereunder or contemplated thereby or deleting, adding or substituting one or more
parties thereto (whether or not such added or substituted parties are banks or other lenders). 

  
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 “Currency Agreements” means foreign exchange contracts, currency swap agreements
or other similar agreements or arrangements designed to protect against the fluctuations in currency values. 
 “Custodian”
means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in Section 2.03(c) as Custodian with respect to the Notes, and any and all successors thereto appointed as custodian hereunder and
having become such pursuant to the applicable provisions of this Indenture. 
 “Default” means any event which is, or after
notice or passage of time or both would be, an Event of Default. 
 “Definitive Note” means a certificated Note registered
in the name of the Holder thereof and issued in accordance with Section 2.06 or 2.10 hereof, substantially in the form of Exhibit A hereto except that such Note shall not bear the Global Note Legend and shall not have the “Schedule of
Exchanges of Interests in the Global Note” attached thereto. 
 “Depositary” means, with respect to the Notes issuable
or issued in whole or in part in global form, the Person specified in Section 2.03(b) hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to
the applicable provisions of this Indenture. 
 “Designated Non-cash Consideration” means the Fair Market Value, as set
forth in an Officer’s Certificate, of non-cash consideration received by the Company or any of its Restricted Subsidiaries in connection with an Asset Sale. 

“Designation Amount” has the meaning set forth in Section 4.16 hereof. 

“Disinterested Director” means, with respect to any transaction or series of related transactions, a member of the Board of
Directors of the Company who does not have any material direct or indirect financial interest in or with respect to such transaction or series of related transactions. 

“Distribution Compliance Period” means the 40-day distribution compliance period as defined in Regulation S. 

“Equity Offering” means any public offering or private sale for cash of common stock or Preferred Stock (other than
Redeemable Capital Stock) of the Company or, to the extent the proceeds are contributed to the Company, any direct or indirect parent company of the Company (other than public offerings with respect to a registration statement on Form S-4 (or any
successor form covering substantially the same transactions), Form S-8 (or any successor form covering substantially the same transactions) or otherwise relating to equity securities issuable under any employee benefit plan of the Company). 

“Euroclear” means Euroclear Bank, S.A./N.V., as operator of the Euroclear systems, and any successor thereto. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations
promulgated by the SEC thereunder. 
 “Fair Market Value” means, with respect to any asset or property, the sale value that
would be obtained in an arm’s-length transaction between an informed and willing seller under no compulsion to sell and an informed and willing buyer under no compulsion to buy, as determined by the Board of Directors of the Company acting in
good faith in the case of a sale value exceeding $15.0 million and otherwise by the principal financial officer of the Company acting in good faith, except to the extent that such determination is specifically required to be calculated in another
manner as provided in Section 4.10 hereof or otherwise provided in this Indenture. 

  
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 “Fiscal Year” means the 52- or 53-week fiscal year of the Company, which
at the date hereof ends on the last Wednesday in December. 
 “Foreign Subsidiary” means any Restricted
Subsidiary of an Issuer that (x) is not organized under the laws of the United States of America or any State thereof or the District of Columbia, or (y) was organized under the laws of the United States of America or any State thereof or
the District of Columbia that has no material assets other than Capital Stock of one or more foreign entities of the type set forth in clause (x) above and is not a guarantor of Indebtedness under the Credit Agreement. 

“Generally Accepted Accounting Principles” or “GAAP” means generally accepted accounting principles
in the United States, which are in effect on the Issue Date. 
 “Global Note Legend” means the legend set
forth in Section 2.06(g)(ii), which is required to be placed on all Global Notes issued under this Indenture. 

“Global Notes” means the global Notes substantially in the form of Exhibit A hereto issued in accordance with Article
2 hereof. 
 The term “guarantee” means a guarantee (other than by endorsement of negotiable instruments for
collection in the ordinary course of business), direct or indirect, in any manner (including by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof), of all or any part of any Indebtedness. The term
“guarantee” used as a verb has a corresponding meaning. 
 “Guarantee” means any guarantee of the
Issuers’ Indenture Obligations. 
 “Guaranteed Debt” of any Person means, without duplication, all Indebtedness
of any other Person referred to in the definition of “Indebtedness” below, guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly
by such Person through an agreement 
 (1) to pay or purchase such Indebtedness or to advance or supply funds for the
payment or purchase of such Indebtedness, 
 (2) to purchase, sell or lease (as lessee or lessor) property, or to purchase or
sell services, primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against loss, 

(3) to supply funds to, or in any other manner invest in, the debtor (including any agreement to pay for property or services
without requiring that such property be received or such services be rendered), 
 (4) to maintain working capital or equity
capital of the debtor, or otherwise to maintain the net worth, solvency or other financial condition of the debtor or to cause such debtor to achieve certain levels of financial performance or 

(5) otherwise to assure a creditor against loss; 

provided that the term “Guaranteed Debt” shall not include (i) endorsements for collection or deposit, in either case in the ordinary
course of business or (ii) any guarantee by the Company or any of its Restricted Subsidiaries of obligations in respect of customers for check cashing and short term lending products in the ordinary course of business consistent with industry
standards. 
 “Guarantor” means any Subsidiary of the Company (other than the Co-Issuer) which becomes a
guarantor of the Notes after the Issue Date, including any Person that is required to execute a supplement to this Indenture in order to guarantee the Notes pursuant to Section 4.15 hereof, until such Person’s Guarantee is released in
accordance with the terms of this Indenture or until a successor replaces such Person pursuant to the applicable provisions of this Indenture and, thereafter, shall mean such successor. 

  
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 “Hedging Obligations” means the obligations under Currency Agreements, Commodity
Price Protection Agreements and Interest Rate Agreements. 
 “Holder” means a Person in whose name a Note is registered in
the Security Register. 
 “Holding” means BI-LO Holding, LLC, a Delaware limited liability company. 

“Indebtedness” means, with respect to any Person, without duplication, 

(1) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services, excluding
any trade payables and other accrued current liabilities arising in the ordinary course of business, but including, without limitation, all obligations, contingent or otherwise, of such Person in connection with any letters of credit issued under
letter of credit facilities, acceptance facilities or other similar facilities, 
 (2) all obligations of such Person
evidenced by bonds, notes, debentures or other similar instruments, 
 (3) all indebtedness created or arising under any
conditional sale or other title retention agreement with respect to property acquired by such Person (even if the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such
property), but excluding trade payables arising in the ordinary course of business, 
 (4) all obligations under Interest
Rate Agreements, Currency Agreements or Commodity Price Protection Agreements of such Person (the amount of any such obligations to be equal at any time to the termination value of such agreement or arrangement giving rise to such obligation that
would be payable by such Person at such time), 
 (5) all Capital Lease Obligations of such Person, 

(6) all Indebtedness referred to in clauses (1) through (5) above of other Persons, the payment of which is secured
by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien, upon or with respect to property (including, without limitation, accounts and contract rights) owned by such Person, other
than a pledge of Capital Stock of an Unrestricted Subsidiary to secure Indebtedness of such Unrestricted Subsidiary, even though such Person has not assumed or become liable for the payment of such Indebtedness; provided the amount of
Indebtedness will be the lesser of the Fair Market Value of such property on the date of determination and the amount of Indebtedness of such other Person, 

(7) all Guaranteed Debt of such Person, 

(8) all Redeemable Capital Stock issued by such Person or Preferred Stock of a Restricted Subsidiary (other than an Issuer) of
such Person that is not a Guarantor valued at the greater of its voluntary or involuntary maximum fixed repurchase price plus accrued and unpaid dividends, and 

(9) attributable debt with respect to sale and leaseback transactions. 

For purposes hereof, the “maximum fixed repurchase price” of any Redeemable Capital Stock which does not have a fixed repurchase price shall be
calculated in accordance with the terms of such Redeemable Capital Stock as if such Redeemable Capital Stock were purchased on any date on which Indebtedness shall be required to be determined pursuant to this Indenture, and if such price is based
upon, or measured by, the Fair Market Value of such Redeemable Capital Stock, such Fair Market Value to be determined in good faith by the Board of Directors of the issuer of such Redeemable Capital Stock. 

  
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 “Indenture” means this instrument, as originally executed or as it may from time
to time be supplemented or amended in accordance with Article 9 hereof. 
 “Indenture Obligations” means the obligations of
the Issuers and any other obligor under this Indenture or under the Notes, including any Guarantor, to pay principal of, premium, if any, and interest when due and payable, and all other amounts due or to become due under or in connection with this
Indenture, the Notes and the performance of all other obligations to the Trustee and the Holders under this Indenture and the Notes, according to the respective terms thereof. 

“Independent Financial Advisor” means an accounting, appraisal, investment banking firm or consultant of nationally
recognized standing that is, in the good faith judgment of the Company, qualified to perform the task for which it has been engaged. 

“Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a Participant. 

“Initial Notes” means $475,000,000 aggregate principal amount of Notes issued under this Indenture on the date hereof. as
such aggregate principal amount may be increased from time to time as a result of a payment of PIK Interest thereon. 
 “Initial
Purchasers” means Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. 
 “Interest Payment Dates”
shall have the meaning set forth in paragraph 1 of each Note. 
 “Interest Rate Agreements” means interest rate
protection agreements (including, without limitation, interest rate swaps, caps, floors, collars and similar agreements) and/or other types of interest rate hedging agreements or arrangements designed to protect against or manage exposure to
fluctuations in interest rates in respect of Indebtedness of the Company or any Restricted Subsidiary. 
 “Investment”
means, with respect to any Person, directly or indirectly, any advance, loan (including guarantees), or other extension of credit or capital contribution to any other Person (by means of any transfer of cash or other property to others or any
payment for property or services for the account or use of others), or any purchase, acquisition or ownership by such Person of any Capital Stock, bonds, notes, debentures or other securities issued by any other Person and all other items that would
be classified as investments on a balance sheet (excluding the footnotes) prepared in accordance with GAAP. “Investment” shall exclude direct or indirect advances to customers or suppliers in the ordinary course of business that are, in
conformity with GAAP, recorded as accounts receivable, prepaid expenses or deposits on such Person’s or any Restricted Subsidiary’s balance sheet, endorsements for collection or deposit arising in the ordinary course of business and
extensions of trade credit on commercially reasonable terms in accordance with normal trade practices. If the Company or any Restricted Subsidiary sells or otherwise disposes of any Capital Stock of any direct or indirect Restricted Subsidiary of
the Company such that, after giving effect to any such sale or disposition, such Person is no longer a Restricted Subsidiary of the Company (other than the sale of all of the outstanding Capital Stock of such Subsidiary), the Company will be deemed
to have made an Investment on the date of such sale or disposition equal to the Fair Market Value of the Company’s Investments in such Subsidiary that were not sold or disposed of in an amount determined as provided in Section 4.10 hereof.

 “Issue Date” means September 20, 2013. 

“Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in the City of New York, the city in which
the Corporate Trust Office of the Trustee is located or any other place of payment on the Notes are authorized by law, regulation or executive order to remain closed. 

  
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 “Lien” means any mortgage or deed of trust, charge, pledge, lien (statutory or
otherwise), privilege, security interest, assignment, easement, hypothecation, claim, preference, priority or other encumbrance upon or with respect to any property of any kind (including any conditional sale, capital lease or other title retention
agreement, any leases in the nature thereof, and any agreement to give any security interest), real or personal, movable or immovable, now owned or hereafter acquired; provided that in no event shall an operating lease be deemed to constitute
a Lien. A Person will be deemed to own subject to a Lien any property which it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, Capital Lease Obligation or other title retention agreement.

 “Maturity” means, when used with respect to the Notes, the date on which the principal of the Notes becomes due and
payable as therein provided or as provided in this Indenture, whether at Stated Maturity, the offer date or the redemption date and whether by declaration of acceleration, offer in respect of Excess Proceeds, Change of Control offer in respect of a
Change of Control, call for redemption or otherwise. 
 “Net Cash Proceeds” means 

(a) with respect to any Asset Sale by any Person, the proceeds thereof (without duplication in respect of all Asset Sales) in
the form of cash or Cash Equivalents including payments in respect of deferred payment obligations when received in the form of, or Capital Stock or other assets when disposed of for, cash or Cash Equivalents (except to the extent that such
obligations are financed or sold with recourse to the Company or any Restricted Subsidiary) net of 
 (1) brokerage
commissions and other reasonable fees and expenses (including, without limitation, fees and expenses of counsel and investment bankers) related to such Asset Sale, 

(2) provisions for all taxes payable as a result of such Asset Sale, 

(3) payments made to retire Indebtedness where payment of such Indebtedness is secured by the assets or properties subject to
such Asset Sale, 
 (4) in the case of an Asset Sale by a Restricted Subsidiary, distributions and other payments made to
minority shareholders, partners or members of such Restricted Subsidiary as a result of such Asset Sale, 
 (5) amounts
required to be paid to any Person (other than the Company or any Restricted Subsidiary) owning a beneficial interest in the assets or properties subject to the Asset Sale, and 

(6) appropriate amounts to be provided by the Company or any Restricted Subsidiary, as the case may be, as a reserve, in
accordance with GAAP, against any liabilities associated with such Asset Sale and retained by the Company or any Restricted Subsidiary, as the case may be, after such Asset Sale, including, without limitation, pension and other post-employment
benefit liabilities, liabilities related to environmental matters and liabilities under any indemnification obligations associated with such Asset Sale; and 

(b) with respect to any issuance or sale of Subordinated Indebtedness, or Capital Stock, or debt securities or Capital Stock
that has been converted into or exchanged for Capital Stock as referred to under Section 4.10 hereof, the proceeds of such issuance or sale in the form of cash or Cash Equivalents including payments in respect of deferred payment obligations
when received in the form of, or Capital Stock or other assets when disposed of for, cash or Cash Equivalents (except to the extent that such obligations are financed or sold with recourse to the Company or any Restricted Subsidiary), net of
attorneys’ fees, accountants’ fees and brokerage, consultation, underwriting and other fees and expenses actually incurred in connection with such issuance or sale and net of taxes paid or payable as a result thereof. 

  
 -14- 

 “Non-recourse Indebtedness” means, with respect to any Person,
Indebtedness of such Person as to which neither the Company nor any Restricted Subsidiary is directly or indirectly liable (by virtue of the Company or any such Restricted Subsidiary being the primary obligor on, guarantor of, or otherwise liable in
any respect to, such Indebtedness except for a Lien on the Capital Stock of an Unrestricted Subsidiary to the creditors thereof which is not recourse to any other assets of the Company or a Restricted Subsidiary), and which, upon the occurrence of a
default with respect to such Indebtedness, does not result in, or permit any holder of any Indebtedness of the Company or any Restricted Subsidiary to declare, a default on such Indebtedness of the Company or any Restricted Subsidiary or cause the
payment of Indebtedness of the Company or any Restricted Subsidiary to be accelerated or payable prior to its Stated Maturity. 

“Notes” means any securities authenticated and delivered under this Indenture, including the Initial Notes. From and
after the issuance of any Additional Notes and PIK Notes (but not for purposes of determining whether such issuance is permitted hereunder), “Notes” shall include such outstanding Additional Notes and PIK Notes for purposes of this
Indenture.  
 “Obligations” means any principal, premium, interest (including any interest accruing
subsequent to the filing of a petition in bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable state, federal or
foreign law), penalties, fees, indemnifications, reimbursements (including reimbursement obligations with respect to letters of credit and banker’s acceptances), damages and other liabilities, and guarantees of payment of such principal,
interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing any Indebtedness. 

“Offering Memorandum” means the Offering Memorandum dated September 17, 2013, pursuant to which the Initial Notes
were offered. 
 “Officer” means the chairman of the Board of Directors, the chief executive officer, chief
financial officer, the president, any executive vice president, senior vice president or vice president, the treasurer or the secretary of the Company. 

“Officer’s Certificate” means, with respect to a Person, a certificate signed on behalf of such Person by an
Officer of such Person, who must be the principal executive officer, the principal financial officer or the principal accounting officer of such Person, that meets the requirements set forth herein. 

“OpCo Notes” means the 9.25% senior secured notes due 2019 issued by BI-LO and BI-LO Finance Corp. 

“OpCo Notes Indenture” means that certain Indenture dated February 3, 2011, by and among BI-LO and BI-LO Finance
Corp., as issuers, the guarantors party thereto from time to time, and the Trustee, as Trustee, pursuant to which the OpCo Notes were issued, as amended or supplemented from time to time. 

“Opinion of Counsel” means a written opinion, in form and substance reasonably satisfactory to the Trustee, from legal
counsel who is acceptable to the Trustee and which meets the requirements of Section 13.05 hereof. The counsel may be an employee of or counsel to the Company or the Trustee, except that any Opinion of Counsel rendered pursuant to
Section 8.04 or 12.01 shall be by independent counsel. 
 “Pari Passu Indebtedness” means any
Indebtedness of either of the Issuers or any Guarantor that is not Subordinated Indebtedness. 

“Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the
Depositary, Euroclear or Clearstream, respectively, and, with respect to DTC, shall include Euroclear and Clearstream. 

“Permitted Business” means the business conducted by the Company and its Restricted Subsidiaries on the Issue Date and
any business similar, reasonably related, complementary, incidental or ancillary thereto, including reasonably related extensions or expansions thereof. 

  
 -15- 

 “Permitted Holders” means (i) the Sponsor, (ii) each member of
management of the Issuers who are holders of Capital Stock of the Company and (iii) any “group” (within the meaning of Section 13(d) or Section 14(d) of the Exchange Act or any successor provision) of which any of the
foregoing Persons is a member, provided that in the case of such “group” and without giving effect to the existence of such “group” or any other “group,” the Sponsor and members of management, collectively, have
Beneficial Ownership, directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Company or any of its direct or indirect parent entities held by such “group.” Any person or group whose acquisition of
Beneficial Ownership constitutes a Change of Control in respect of which a Change of Control offer is made in accordance with the requirements of Section 4.17 hereof will thereafter, together with its Affiliates, constitute a Permitted
Holder. 
 “Permitted Investment” means: 

(1) Investments in the Company or any Restricted Subsidiary (including acquisitions of the Notes) or any Person which, as a
result of such Investment, (a) becomes a Restricted Subsidiary or (b) is merged or consolidated with or into, or transfers or conveys substantially all of its properties and assets to, or is liquidated into, the Company or any Restricted
Subsidiary; 
 (2) Investments in Cash Equivalents; 

(3) Investments acquired by the Company or any Restricted Subsidiary in connection with an Asset Sale permitted under
Section 4.12 hereof to the extent such Investments are non-cash proceeds as permitted under such covenant; 
 (4) (x)
Investments in existence on the Issue Date and (y) an Investment in any Person to the extent such Investment replaces or refinances an Investment covered by clause (x) above or this clause (y) in an amount not exceeding the amount of
the Investment being replaced or refinanced; provided, however, that the Investment under clause (y) is on terms and conditions not materially less favorable to the Company and its Restricted Subsidiaries taken as a whole than the
Investment being replaced or refinanced; 
 (5) Investments acquired in exchange for the issuance of Capital Stock (other
than Redeemable Capital Stock of the Company or a Restricted Subsidiary or Preferred Stock of a Restricted Subsidiary) or acquired with the Net Cash Proceeds received by the Company after the Issue Date from the issuance and sale of Capital Stock
(other than Redeemable Stock of the Company or a Restricted Subsidiary or Preferred Stock of a Restricted Subsidiary); provided that such Net Cash Proceeds are used to make such Investment within 30 days of the receipt thereof and the amount
of all such Net Cash Proceeds will be excluded from Section 4.10(a)(3)(B) hereof; 
 (6) Investments in prepaid
expenses, negotiable instruments held for collection and lease, utility and worker’s compensation, performance and other similar deposits provided to third parties in the ordinary course of business; 

(7) loans or advances to officers and employees of the Company and its Restricted Subsidiaries for bona fide business purposes
of the Company and any Restricted Subsidiaries (including, without limitation, travel, entertainment and moving expenses) made in compliance with applicable law; 

(8) any Investments received in good faith in settlement or compromise of obligations of trade creditors or customers that were
incurred in the ordinary course of business, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer or as a result of a foreclosure by the Company or a Restricted
Subsidiary with respect to any secured Investment or other transfer of title with respect to any secured Investment in default; 

(9) other Investments in the aggregate amount outstanding at any one time not to exceed $15.0 million; 

(10) Hedging Obligations permitted under Section 4.09(b)(vi) hereof; 

  
 -16- 

 (11) guarantees of Indebtedness permitted under Section 4.09(b)(v) hereof;

 (12) Investments consisting of purchases and acquisitions of inventory, supplies, material or equipment; and 

(13) advances to, or guarantees of Indebtedness of, officers and employees not in excess of $2.0 million outstanding at any one
time, in the aggregate, to fund such officer’s or employee’s purchase of Capital Stock of the Company or any direct or indirect parent company thereof; provided that the proceeds of any such advances to purchase Capital Stock under
this clause (13) are either received by the Company or contributed by such direct or indirect parent company to the Company and excluded from the calculation under Section 4.10(a)(3)(B) hereof except to the extent such advances are
actually repaid. 
 In connection with any assets or property contributed or transferred to any Person as an Investment, such property and
assets shall be equal to the Fair Market Value at the time of Investment. 
 “Permitted Lien” means: 

(a) any Lien existing as of the Issue Date; 

(b) any Lien with respect to the Credit Agreement or any other Credit Facility so long as the aggregate principal amount
outstanding under the Credit Agreement or any successor Credit Facility does not exceed the principal amount of Indebtedness which could be borrowed under clause (1) of the definition of “Permitted Indebtedness”; 

(c) any Lien arising by reason of: 

(1) any judgment, decree or order of any court not constituting an Event of Default; 

(2) taxes, assessments or other governmental charges or claims not yet delinquent or which are being contested in good faith;

 (3) security for payment of workers’ compensation or other insurance and other social security legislation; 

(4) good faith deposits in connection with tenders, leases, contracts (other than contracts for the payment of money); 

(5) zoning restrictions, easements, licenses, reservations, title defects, rights of others for rights of way, utilities,
sewers, electric lines, telephone or telegraph lines, and other similar purposes, provisions, covenants, conditions, waivers, restrictions on the use of property or minor irregularities of title (and with respect to leasehold interests, mortgages,
obligations, liens and other encumbrances incurred, created, assumed or permitted to exist and arising by, through or under a landlord or owner of the leased property, with or without consent of the lessee), none of which materially impairs the use
of any parcel of property material to the operation of the business of the Issuers or any Restricted Subsidiary or the value of such property for the purpose of such business; 

(6) deposits to secure public or statutory obligations or levies, or in lieu of surety or appeal bonds; 

(7) operation of law in favor of mechanics, carriers, warehousemen, landlords, materialmen, laborers, employees or suppliers,
for sums which are not yet delinquent or are being contested in good faith by negotiations or by appropriate proceedings which suspend the collection thereof; 

  
 -17- 

 (8) receipt of progress payments and advances from customers in the ordinary
course of business to the extent the same creates a Lien on the related inventory and proceeds thereof; 
 (9) operation of
law in favor of customs and revenue authorities to secure the payment of customs duties in connection with the importation of goods; 

(10) operation of law under Article 4 of the UCC in connection with the collection of items provided for therein or under
Article 2 of the UCC in favor of a reclaiming seller of goods or buyer of goods; or 
 (11) consignment or similar
arrangements for the sale by the Company or its Restricted Subsidiaries of goods through third parties in the ordinary course of business; 

(d) any Lien securing Acquired Indebtedness created prior to (and not created in connection with, or in contemplation of) the
incurrence of such Indebtedness by the Issuers or any Restricted Subsidiary and which does not extend to any assets other than the assets acquired and the proceeds thereof; 

(e) any Lien to secure performance bids, trade contracts, leases (including, without limitation, statutory and common law
landlord’s liens), subleases, warranty obligations, tenders, liability to insurance carriers, statutory obligations, surety and appeal bonds, letters of credit and other obligations of a like nature and incurred in the ordinary course of
business of the Company or any Restricted Subsidiary; 
 (f) any Lien securing Hedging Obligations; 

(g) any Lien securing Capital Lease Obligations or Purchase Money Obligations incurred in accordance with this Indenture
(including, but not limited to, clause (7) of the definition of “Permitted Indebtedness”); 
 (h) licenses and
sublicenses of intellectual property made in the ordinary course of business; 
 (i) leases and subleases of real property
which do not materially interfere with the ordinary conduct of the business of the Issuers or any Restricted Subsidiary; 

(j) banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with
a depositary institution which are within the general parameters customary in the banking industry; 
 (k) Liens on
property, assets or Capital Stock of a Person at the time such Person becomes a Restricted Subsidiary; provided, however, that such Liens are not created, incurred or assumed in connection with, or in contemplation of, such other Person
becoming a Restricted Subsidiary; provided, further, that any such Lien may not extend to any other property owned by the Issuers or any Restricted Subsidiary and assets fixed or appurtenant thereto; 

(l) Liens securing Indebtedness or other obligations of a Restricted Subsidiary owing to the Company or another Restricted
Subsidiary; 
 (m) Liens securing the Notes and the Guarantees; 

(n) (x) Liens on the property or assets of a Restricted Subsidiary that is not a Guarantor securing Indebtedness incurred in
accordance with Section 4.09 hereof and (y) Liens on property or assets of Restricted Subsidiaries (other than Guarantors) securing obligations of such Restricted Subsidiaries that are not Guarantors other than Indebtedness; 

  
 -18- 

 (o) any extension, renewal, refinancing or replacement, in whole or in part, of
any Lien set forth in the foregoing clauses (a) through (n) and this clause (o) so long as no additional collateral is granted as security thereby; 

(p) Liens on property or assets securing Indebtedness used to defease or to satisfy and discharge the Notes; and 

(q) in addition to the items referred to in clauses (a) through (p) above, Liens on property or assets of the Company
or any Restricted Subsidiary securing obligations in an aggregate amount which, when taken together with the aggregate amount of all other Liens securing obligations incurred pursuant to this clause (q) and then outstanding, will not exceed
$10.0 million. 
 “Permitted Tax Distributions” means (i) with respect to any taxable period for which the
Company or any of its Subsidiaries is a member of a consolidated, combined or similar income tax group of which a direct or indirect parent of the Company is the common parent (a “Tax Group”), distributions (which may be paid in
installments to satisfy estimated tax liabilities) by the Company to pay the portion of the Tax Group’s consolidated, combined or similar income tax liability for such taxable period that is attributable to the Company and/or its Subsidiaries,
in an amount not to exceed the amount of such income tax liability that would have been payable by the Company and/or its applicable Subsidiaries were such entities taxable on a stand-alone basis (reduced by any such income taxes paid or to be paid
directly by the Company or its Subsidiaries), and (ii) with respect to any taxable period for which the Company is a partnership or disregarded entity that is wholly owned (directly or indirectly) by an entity that is treated as a corporation
for U.S. federal income tax purposes (a “Corporate Parent”), distributions (which may be paid in installments to satisfy estimated tax liabilities) by the Company to pay the portion of the Corporate Parent’s income tax
liability for such taxable period that is attributable to the Company and/or its Subsidiaries, in an amount not to exceed the amount of such income tax liability that would have been payable by the Company and/or its applicable Subsidiaries were
such entities taxable on a stand-alone basis (reduced by any such income taxes paid or to be paid directly by the Company or its Subsidiaries); provided that, in each case, with respect to any such income taxes attributable to any
Unrestricted Subsidiary for any taxable period, Permitted Tax Payments shall be limited to the amount actually paid with respect to such taxable period by such Unrestricted Subsidiary to the Company or any Restricted Subsidiary for the purposes of
paying such income taxes. 
 “Person” means any individual, corporation, partnership, joint venture,
association, joint stock company, trust, unincorporated organization, limited liability company or government or other entity. 

“Predecessor Note” of any particular Note means every previous Note evidencing all or a portion of the same Debt as
that evidenced by such particular Note; and any Note authenticated and delivered under Section 2.07 in lieu of a lost, destroyed or stolen Note shall be deemed to evidence the same Debt as the lost, destroyed or stolen Note. 

“Preferred Stock” means, with respect to any Person, any Capital Stock of any class or classes (however designated)
which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over the Capital Stock of any other class in such Person.

 “Private Placement Legend” means the legend set forth in Section 2.06(g)(i) hereof to be placed on all
Notes issued under this Indenture except as otherwise permitted by the provisions of this Indenture. 
 “Purchase
Money Obligation” means any Indebtedness secured by a Lien on property or assets related to the business of the Company or a Restricted Subsidiary and any additions and accessions thereto, which are purchased or constructed by the Company
or a Restricted Subsidiary at any time after the Issue Date; provided that: 
 (1) the security agreement or
conditional sales or other title retention contract pursuant to which the Lien on such property or assets is created (collectively a “Purchase Money Security Agreement”) shall be entered into within 360 days after the purchase or
substantial completion of the construction of such property or assets and shall at all times be confined solely to the property or assets so purchased, constructed or acquired, any additions and accessions thereto and any proceeds therefrom; 

  
 -19- 

 (2) at no time shall the aggregate principal amount of the outstanding
Indebtedness secured thereby be increased, except in connection with the purchase or construction of additions, improvements and accessions thereto and except in respect of fees and other obligations in respect of such Indebtedness; and 

(3) (A) the aggregate outstanding principal amount of Indebtedness secured thereby (determined on a per asset basis in the case
of any additions, improvements and accessions) shall not at the time such Purchase Money Security Agreement is entered into exceed 100% of the purchase price or cost of construction to the Company or its Restricted Subsidiaries of the property or
assets subject thereto or (B) the Indebtedness secured thereby shall be with recourse solely to the property or assets so purchased or acquired, any additions and accessions thereto and any proceeds therefrom. 

“QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Qualified Capital Stock” of any Person means any and all Capital Stock of such Person other than Redeemable
Capital Stock. 
 “Redeemable Capital Stock” means any Capital Stock of any Person that, either by its
terms or by the terms of any security into which it is convertible or exchangeable (at the option of the holders thereof), is or upon the happening of an event or passage of time would be, required to be redeemed (at the option of the holders
thereof) prior to the Stated Maturity of the Notes (other than upon a change of control of or sale of assets by the Company or any Restricted Subsidiary in circumstances where the Holders of the Notes would have similar rights), or is convertible
into or exchangeable for, debt securities at any time prior to the Stated Maturity of the Notes at the option of the holder thereof; provided, however, that (1) only the portion of such Capital Stock which so matures or is mandatorily
redeemable or is so convertible or exchangeable at the option of the holder thereof prior to such date shall be deemed to be Redeemable Capital Stock, (2) with respect to any Capital Stock issued to any employee or to any plan for the benefit
of employees of the Company or its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Redeemable Capital Stock solely because it may be required to be repurchased by the Company or one of its Subsidiaries in
order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s terminations, resignation, death or disability and (3) if any class of Capital Stock of such Person by its terms authorizes such Person to
satisfy its obligations thereunder by delivery of Capital Stock that is not Redeemable Capital Stock, such Capital Stock shall not be deemed to be Redeemable Capital Stock. 

“Regular Record Date” for the interest payable on any Interest Payment Date means the applicable date specified as a
“Record Date” on the face of the Note. 
 “Regulation S” means Regulation S promulgated under the
Securities Act. 
 “Regulation S Global Note” means a Regulation S Temporary Global Note or Regulation S Permanent
Global Note, as appropriate. 
 “Regulation S Permanent Global Note” means a permanent Global Note
substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with, or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination
equal to the outstanding principal amount of the Regulation S Temporary Global Note upon expiration of the Distribution Compliance Period. 

“Regulation S Temporary Global Note” means a temporary Global Note substantially in the form of Exhibit A hereto
bearing the Global Note Legend, the Private Placement Legend and Regulation S Temporary Global Note Legend and deposited with, or on behalf of, and registered in the name of, the Depository or its nominee, issued in a denomination equal to the
outstanding principal amount of the Notes sold for initial resale in reliance on Rule 903 of Regulation S. 

  
 -20- 

 “Regulation S Temporary Global Note Legend” means the legend set forth in
Section 2.06(g)(iii) hereof to be placed on all Regulation, S Temporary Global Notes issued under this Indenture. 

“Replacement Assets” means (1) properties or assets to replace the properties or assets that were the subject of
an Asset Sale, (2) properties and assets that will be used in businesses of the Company or any Restricted Subsidiary, as the case may be, existing at the time such property or assets are sold or (3) Capital Stock of a Person, the principal
portion of whose assets consist of such property or assets; provided that upon consummation of the related Asset Sale, such Person becomes a Restricted Subsidiary of the Company. 

“Responsible Officer,” when used with respect to the Trustee, means any officer within the corporate trust department
of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at
the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration
of this Indenture. 
 “Restricted Definitive Note” means one or more Definitive Notes bearing the Private Placement
Legend. 
 “Restricted Global Notes” means 144A Global Notes and Regulation S Global Notes. 

“Restricted Investment” means an Investment other than a Permitted Investment. 

“Restricted Subsidiary” means any Subsidiary of the Company (including the Co-Issuer) that has not been designated by
the Board of Directors of the Company by a board resolution delivered to the Trustee as an Unrestricted Subsidiary pursuant to and in compliance with Section 4.16 hereof. 

“Rule 144” means Rule 144 promulgated under the Securities Act. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 903” means Rule 903 promulgated under the Securities Act. 

“Rule 904” means Rule 904 promulgated under the Securities Act. 

“SEC” means the Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended, or any successor statute, and the rules and regulations
promulgated by the SEC thereunder. 
 “Significant Subsidiary” means, at any time, any Restricted Subsidiary
that qualifies at such time as a “significant subsidiary” within the meaning of Regulation S-X promulgated by the SEC (as in effect on the Issue Date). 

“Sponsor” means Lone Star Fund V (U.S.), L.P., and each of its Affiliates but not including, however, any of its
portfolio companies. 
 “Sponsor Management Agreement” means the management agreement between certain of the
management companies associated with the Sponsor and the Company or any of its direct or indirect parent entities. 

“Stated Maturity” means, when used with respect to any Indebtedness or any installment of interest thereon, the dates
specified in such Indebtedness as the fixed date on which the principal of such Indebtedness or such installment of interest, as the case may be, is due and payable. 

“Subordinated Indebtedness” means Indebtedness of either of the Issuers or a Guarantor that is contractually
subordinated in right of payment to the Notes or a Guarantee, as the case may be. 

  
 -21- 

 “Subsidiary” of a Person means 

(1) any corporation more than 50% of the outstanding voting power of the Voting Stock of which is owned or controlled, directly
or indirectly, by such Person or by one or more other Subsidiaries of such Person, or by such Person and one or more other Subsidiaries thereof, or 

(2) any limited partnership of which such Person or any Subsidiary of such Person is a general partner, or 

(3) any other Person in which such Person, or one or more other Subsidiaries of such Person, or such Person and one or more
other Subsidiaries, directly or indirectly, have more than 50% of the outstanding voting power of the Voting Stock. 

“TIA” means the Trust Indenture Act of 1939, as amended, and the rules and regulations promulgated by the SEC
thereunder. 
 “Transactions” means the issuance of the Notes, the payment of a distribution to the holders
of the Capital Stock of the Company on, or within 30 days of, the Issue Date, as set forth in the Offering Memorandum, and any fees and expenses related to any of the foregoing. 

“Treasury Rate” means, as of any redemption date, the yield to maturity of United States Treasury securities with a
constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two business days prior to the redemption date (or, if such Statistical Release is no
longer published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to September 15, 2014; provided, however, that if the period from the redemption date to
September 15, 2014 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. The Issuers will (a) calculate the Treasury Rate on the
second business day preceding the applicable redemption date and (b) prior to such redemption date deliver to the Trustee an Officer’s Certificate of the Company setting forth the Applicable Premium and the Treasury Rate and showing the
calculation in reasonable detail. 
 “Trustee” means the Person named as the “Trustee” in the first
paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean such successor Trustee. 

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

“Unrestricted Definitive Notes” means one or more Definitive Notes that do not and are not required to bear the Private
Placement Legend. 
 “Unrestricted Global Notes” means one or more Global Notes that do not and are not
required to bear the Private Placement Legend and are deposited with, or on behalf of, and registered in the name of, the Depository or its nominee. 

“Unrestricted Subsidiary” means any Subsidiary of the Company (other than Holding, BI-LO and the Co-Issuer) designated
as such pursuant to and in compliance with Section 4.16 hereof. 
 “U.S. Government Securities” means
direct obligations (or certificates representing an ownership interest in such obligations) of the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of
America is pledged and which are not callable or redeemable at the issuer’s option. 
 “Voting Stock” of
a Person means Capital Stock of such Person of the class or classes pursuant to which the holders thereof have the general voting power under ordinary circumstances to elect at least a majority of the Board of Directors, managers or trustees of such
Person (irrespective of whether or not at the time Capital Stock of any other class or classes shall have or might have voting power by reason of the happening of any contingency). 

  
 -22- 

 Section 1.02. Other Definitions. 

 

			
	 Term
	  	Defined in Section
	 “Acceleration Notice”
	  	6.02
	 “Affiliate Transaction”
	  	4.14
	 “Applicable Amount”
	  	Exhibit A
	 “Asset Sale Offer”
	  	4.12
	 “Authentication Order”
	  	2.02
	 “Benefited Party”
	  	10.01
	 “Cash Interest”
	  	Exhibit A
	 “Change of Control Amount”
	  	4.17
	 “Change of Control Offer”
	  	4.17
	 “Covenant Defeasance”
	  	8.03
	 “Designation Amount”
	  	4.16
	 “Determination Date”
	  	Exhibit A
	 “DTC”
	  	2.03
	 “Event of Default”
	  	6.01
	 “Excess Proceeds”
	  	4.12
	 “Interest Payment Date”
	  	Exhibit A
	 “Interest Period”
	  	Exhibit A
	 “Legal Defeasance”
	  	8.02
	 “Material Indebtedness”
	  	16.01
	 “Offer Amount”
	  	3.09
	 “Offer Period”
	  	3.09
	 “Offer to Purchase”
	  	3.09
	 “Paying Agent”
	  	2.03
	 “Permitted Indebtedness”
	  	4.09
	 “Permitted Payment”
	  	4.10
	 “PIK Interest”
	  	Exhibit A
	 “PIK Notes”
	  	2.01
	 “PIK Notice”
	  	2.01
	 “PIK Payment”
	  	2.01
	 “Purchase Date”
	  	3.09
	 “Purchase Price”
	  	3.09
	 “Registrar”
	  	2.03
	 “Restricted Payment”
	  	4.10
	 “Security Register”
	  	2.03
	 “Surviving Entity”
	  	5.01
	 “Surviving Guarantor Entity”
	  	10.04

 Section 1.03. Incorporation by Reference of Trust Indenture Act. 

(a) Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture.

 (b) The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes and the Guarantees; 

“indenture security holder” means a Holder of a Note; 

“indenture to be qualified” means this Indenture; 

  
 -23- 

 “indenture trustee” or “institutional trustee”
means the Trustee; and 
 “obligor” on the Notes means the Company and any successor obligor upon the Notes. 

(c) All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule
under the TIA and not otherwise defined herein have the meanings so assigned to them either in the TIA, by another statute or SEC rule, as applicable. 

Section 1.04. Rules of Construction. 

(a) Unless the context otherwise requires: 

(i) a term has the meaning assigned to it; 

(ii) an accounting term not otherwise defined herein has the meaning assigned to it in accordance with GAAP; 

(iii) “or” is not exclusive; 

(iv) words in the singular include the plural, and in the plural include the singular; 

(v) any reference in this instrument to “Article,” “Section,” “clause” or “Exhibit” is
to the designated Article, Section, clause or Exhibit of this Indenture; 
 (vi) the words “herein,”
“hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; 

(vii) unless already indicated, “including” means “including without limitation”; 

(viii) provisions apply to successive events and transactions; and 

(ix) references to sections of or rules under the Securities Act, the Exchange Act or the TIA shall be deemed to include
substitute, replacement or successor sections or rules adopted by the SEC from time to time thereunder. 
 ARTICLE 2. 

THE NOTES 

Section 2.01. Form and Dating. 

(a) General. The Notes and the Trustee’s certificate of authentication shall be substantially in the form included in
Exhibit A hereto, which is hereby incorporated in and expressly made part of this Indenture. The Notes may have notations, legends or endorsements required by law, exchange rule or usage in addition to those set forth on Exhibit A. Any PIK Notes
will be issued with the designation “PIK Note” on the face of such PIK Note. Each Note shall be dated the date of its authentication. Subject to the issuance of PIK Notes or the increase in the principal amount of a Global Note in order to
evidence PIK Interest (which PIK Notes or increased principal amount of a Global Note as a result of PIK Interest shall be in denominations of $1.00 or any integral multiple of $1.00 in excess thereof), the Notes shall be in denominations of $2,000
and integral multiples of $1,000 in excess thereof. The terms and provisions contained in the Notes shall constitute a part of this Indenture and the Issuers and the Trustee, by their execution and delivery of this Indenture, expressly agree to such
terms and provisions and to be bound thereby. To the extent any provision of any Note conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. 

  
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 (b) Form of Notes. Notes shall be issued initially in global form and shall
be substantially in the form of Exhibit A attached hereto (including the Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Notes issued in definitive form shall be substantially
in the form of Exhibit A attached hereto (but without the Global Note Legend thereon and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each Global Note shall represent such aggregate principal
amount of the outstanding Notes as shall be specified therein and each shall provide that it shall represent the aggregate principal amount of outstanding Notes from time to time endorsed thereon (giving effect to, and as increased by, any payment
of PIK Interest made thereon by increasing the aggregate principal amount of such Global Note) and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect
PIK Interest, exchanges, repurchases and redemptions and transfers of interests therein. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby
shall be made by the Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.06 hereof, or, in the case of an increase resulting from the payment of PIK
Interest, in accordance with the provisions hereof. 
 (c) Temporary Global Notes. Notes offered and sold in reliance on
Regulation S shall be issued initially in the form of the Regulation S Temporary Global Note, which shall be deposited on behalf of the purchasers of the Notes represented thereby with the Trustee, as custodian for the Depositary, and registered in
the name of the Depositary or the nominee of the Depositary for the accounts of designated agents holding on behalf of Euroclear or Clearstream, duly executed by the Issuers and authenticated by the Trustee as hereinafter provided. The Distribution
Compliance Period shall be terminated upon the receipt by the Trustee of a written certificate from the Depositary, together with copies of certificates from Euroclear and Clearstream certifying that they have received certification of non-United
States Beneficial Ownership of 100% of the aggregate principal amount of the Regulation S Temporary Global Note (except to the extent of any Beneficial Owners thereof who acquired an interest therein during the Distribution Compliance Period
pursuant to another exemption from registration under the Securities Act and who will take delivery of a Beneficial Ownership interest in a Global Note, bearing a Private Placement Legend, all as contemplated by Section 2.06(b) hereof).
Following the termination of the Distribution Compliance Period, (i) the Issuers shall duly execute and deliver to the Trustee the Regulation S Permanent Global Note, together with an Authentication Order to authenticate such Regulation S
Permanent Global Note and to retain it as Custodian for the Depositary, and (ii) beneficial interests in the Regulation S Temporary Global Note shall be exchanged for beneficial interests in the Regulation S Permanent Global Note pursuant to
the Applicable Procedures. Simultaneously with the authentication of the Regulation S Permanent Global Note, the Trustee shall cancel the Regulation S Temporary Global Note. The aggregate principal amount of the Regulation S Temporary Global Note
and the Regulation S Permanent Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary or its nominee, as the case may be, in connection with transfers of interests as
hereinafter provided. 
 (d) Book-Entry Provisions. This Section 2.01(d) shall apply only to Global Notes deposited
with the Trustee, as custodian for the Depositary. Participants and Indirect Participants shall have no rights under this Indenture or any Global Note with respect to any Global Note held on their behalf by the Depositary or by the Trustee as
custodian for the Depositary, and the Depositary shall be treated by the Issuers, the Trustee and any agent of the Issuers or the Trustee as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing
herein shall prevent the Issuers, the Trustee or any agent of the Issuers or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its
Participants or Indirect Participants, the Applicable Procedures or the operation of customary practices of the Depositary governing the exercise of the rights of a holder of a beneficial interest in any Global Note. 

(e) Euroclear and Clearstream Procedures Applicable. The provisions of the “Operating Procedures of the
Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream” and “Customer Handbook” of Clearstream, as the same may change from time to time, shall
be applicable to transfers of beneficial interests in Global Notes that are held by Participants through Euroclear or Clearstream. 

  
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 (f) Certificated Securities. The Issuers shall exchange Global Notes for
Definitive Notes if: (1) at any time the Depositary notifies the Issuers that it is unwilling or unable to continue to act as Depositary for the Global Notes or if at any time the Depositary shall no longer be eligible to act as such because it
ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Issuers shall not have appointed a successor Depositary within 90 days after the Issuers receive such notice or become aware of such ineligibility,
(2) upon written request of the Depositary to the Trustee if a Default or Event of Default shall have occurred and be continuing or (3) the Issuers in their sole discretion (but subject to the Depositary’s requirements) execute and
deliver to the Trustee an Officer’s Certificate stating that such exchange shall occur. 
 Upon the occurrence of any of the events set
forth in clause (1), (2) or (3) above, the Issuers shall execute, and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate and deliver, Definitive Notes, in authorized
denominations, in an aggregate principal amount equal to the principal amount of the Global Notes in exchange for such Global Notes. 
 In
no event shall the Regulation S Temporary Global Note be exchanged by the Issuers for Definitive Notes prior to (x) the expiration of the Distribution Compliance Period and (y) the receipt by the Registrar of any certificates required
pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act. 
 Upon the exchange of a Global Note for Definitive Notes, such Global Note
shall be cancelled by the Trustee or an agent of the Issuers or the Trustee. Definitive Notes issued in exchange for a Global Note pursuant to this Section 2.01 shall be registered in such names and in such authorized denominations as the
Depositary, pursuant to instructions from its Participants or its Applicable Procedures, shall instruct the Trustee or an agent of the Issuers or the Trustee in writing. The Trustee or such agent shall deliver such Definitive Notes to or as directed
by the Persons in whose names such Definitive Notes are so registered or to the Depositary. 
 (g) PIK Payments. In connection
with the payment of PIK Interest in respect of the Notes, the Issuers may, upon compliance with the conditions set forth in the Notes, without the consent of the Holders and without regard to any restrictions or limitations set forth in
Section 4.09 hereof, elect to either increase the outstanding principal amount of the Global Notes or issue certificated Notes evidencing PIK Interest (“PIK Notes”) under this Indenture on the same terms and conditions
(except that PIK Notes shall be made in a minimum denomination of $1.00 and integral multiples of $1.00, have different issuance dates, offering prices and, in certain circumstances, dates from which interest will accrue) as the Initial Notes (in
each case, a “PIK Payment”). In the event that the Issuers shall be entitled to pay PIK Interest for any Interest Period in accordance with Section 1 of the Notes, then the Issuers shall deliver to the Trustee (i) a
written notice (the “PIK Notice”) on or following the Determination Date but prior to the commencement of the relevant Interest Period, which notice shall state the total amount of interest to be paid on such Interest Payment
Date and the amount of such interest to be paid as PIK Interest, and (ii) an Authentication Order with respect to such PIK Notes. The Trustee shall promptly deliver a copy of the PIK Notice to the Holders. Interest for the first Interest Period
commencing on the Issue Date shall be payable entirely in Cash Interest. Interest for the final Interest Period ending at stated maturity shall be payable entirely in Cash Interest. 

Section 2.02. Execution and Authentication. 

(a) One Officer shall execute the Notes on behalf of each of the Issuers by manual or facsimile signature. 

(b) If an Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated by the Trustee, the Note shall
nevertheless be valid. 
 (c) A Note shall not be valid until authenticated by the manual signature of the Trustee. The signature shall be
conclusive evidence that the Note has been authenticated under this Indenture. 
 (d) The Trustee shall, upon a written order of the each of
the Issuers signed by an Officer (an “Authentication Order”), (a) authenticate Notes for issuance (including PIK Notes) and (b) increase the principal amount of any Global Note as a result of a PIK Payment in
the amount set forth in the PIK Notice. 

  
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 (e) The Trustee may appoint an authenticating agent acceptable to the Issuers to authenticate
Notes. Unless otherwise provided in such appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An
authenticating agent shall have the same rights as the Trustee to deal with Holders, the Issuers or an Affiliate of the Issuers. 

Section 2.03. Registrar and Paying Agent. 

(a) The Issuers shall maintain in the City of New York an office or agency where Notes may be presented for registration of transfer or for
exchange (“Registrar”) and an office or agency where Notes may be presented for payment (“Paying Agent”). The Registrar shall keep a register (the “Security Register”) of
the Notes and of their transfer and exchange in order to reflect ownership of the Notes outstanding from time to time and of the current addresses of the Holders from time to time. The Issuers may appoint one or more co-registrars and one or more
additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying agent. The Issuers may change any Paying Agent or Registrar without notice to any Holder. The
Issuers shall notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Issuers fail to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Issuers or any
of their Restricted Subsidiaries may act as Paying Agent or Registrar. 
 (b) The Issuers initially appoint The Depository Trust Company
(“DTC”) to act as Depositary with respect to the Global Notes. The Trustee acknowledges that it has been appointed by DTC to act as Custodian for the Global Notes. 

(c) The Issuers initially appoint the Trustee to act as Registrar and Paying Agent, and the Trustee hereby agrees so to initially act. 

Section 2.04. Paying Agent to Hold Money in Trust. 

The Issuers shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the
benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium, if any, or interest on the Notes, and shall notify the Trustee of any default by the Issuers in making any such payment. While any such
default continues, the Trustee may require a Paying Agent to pay all funds held by it relating to the Notes to the Trustee. The Issuers at any time may require a Paying Agent to pay all funds held by it to the Trustee. Upon payment over to the
Trustee, the Paying Agent (or one of the Issuers, if acting as the Paying Agent) shall have no further liability for such funds. If either of the Issuers or a Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for
the benefit of the Holders all funds held by it as Paying Agent. Upon any Event of Default under Sections 6.01(7) and (8) hereof relating to the Issuers, the Trustee shall serve as Paying Agent for the Notes. 

Section 2.05. Holder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
all Holders and shall otherwise comply with TIA §312(a). If the Trustee is not the Registrar, the Issuers shall furnish or cause to be furnished to the Trustee at least seven Business Days before each Interest Payment Date and at such other
times as the Trustee may request in writing, a list in such form and as of such date or such shorter time as the Trustee may allow, as the Trustee may reasonably require of the names and addresses of the Holders and the Issuers shall otherwise
comply with TIA §312(a). 
 Section 2.06. Transfer and Exchange. 

(a) Transfer and Exchange of Global Notes. A Global Note may not be transferred as a whole except by the Depositary to a nominee
of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. Upon the occurrence of any of
the events set forth in Section 2.01(i) above, Definitive Notes shall be issued in denominations of $2,000 or integral multiples of $1,000 in excess thereof (or if a PIK Payment has been made on a Global Note, such Definitive Notes shall be issued
in denominations of $1.00 or integral multiples of $1.00 in excess thereof) and in such names as the Depositary shall instruct the Trustee in writing. 

  
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 Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and 2.10
hereof. Except as provided above, every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10 hereof, shall be authenticated and
delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in this Section 2.06(a), and beneficial interests in a Global Note may not be transferred and exchanged other than
as provided in Section 2.06(b), (c) or (f) hereof. 
 (b) Transfer and Exchange of Beneficial Interests in the Global
Notes. The transfer and exchange of beneficial interests in the Global Notes shall be effected through the Depositary, in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the
Restricted Global Notes shall be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act Transfers of beneficial interests in Global Notes also shall require compliance with either clause
(i) or (ii) below, as applicable, as well as one or more of the other following clauses, as applicable: 
 (i)
Transfer of Beneficial Interests in the Same Global Note. Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in
accordance with the transfer restrictions set forth in the Private Placement Legend and any Applicable Procedures; provided, however, that prior to the expiration of the Distribution Compliance Period, transfers of beneficial interests in the
Regulation S Temporary Global Note may not be made to or for the account or benefit of a “U.S. Person” (as defined in Rule 902(k) of Regulation S) (other than a “distributor” (as defined in Rule 902(d) of the Regulation S)).
Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. Except as may be required by any Applicable Procedures, no written
orders or instructions shall be required to be delivered to the Registrar to effect the transfers set forth in this Section 2.06(b)(i). 

(ii) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and
exchanges of beneficial interests that are not subject to Section 2.06(b)(i) above, the transferor of such beneficial interest must deliver to the Registrar either (A)(1) a written order from a Participant or an Indirect Participant given to
the Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged and
(2) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account to be credited with such increase or (B)(l) if permitted under Section 2.06(a), a written order from a Participant
or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged and
(2) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such Definitive Note shall be registered to effect the transfer or exchange referred to in (B)(1) above; provided that in
no event shall Definitive Notes be issued upon the transfer or exchange of beneficial interests in the Regulation S Temporary Global Note prior to (x) the expiration of the Distribution Compliance Period and (y) the receipt by the
Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act. Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the
Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 2.06(h) hereof. 

(iii) Transfer of Beneficial Interests in a Restricted Global Note to Another Restricted Global Note. A holder of a
beneficial interest in a Restricted Global Note may transfer such beneficial interest to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of
Section 2.06(b)(ii) above and the Registrar receives the following: 
 (A) if the transferee will take delivery in the
form of a beneficial interest in the 144A Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof or, if permitted by the Applicable Procedures, item
(3) thereof; and 

  
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 (B) if the transferee will take delivery in the form of a beneficial interest in
the Regulation S Temporary Global Note or the Regulation S Permanent Global Note, as the case may be, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof. 

(iv) Transfer or Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in an Unrestricted
Global Note. A holder of a beneficial interest in a Restricted Global Note may exchange such beneficial interest for a beneficial interest in an Unrestricted Global Note or may transfer such beneficial interest to a Person who takes delivery
thereof in the form of a beneficial interest in an Unrestricted Global Note only if the exchange or transfer complies with the requirements of Section 2.06(b)(ii) above and the Registrar receives the following: 

(A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a
beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(a) thereof; or 

(B) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a
Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case, if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably
acceptable to the Registrar to the effect that such exchange or transfer complies with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain
compliance with the Securities Act. 
 If any such transfer is effected pursuant to this clause (iv) at a time when an Unrestricted
Global Note has not yet been issued, the Issuers shall execute and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal
amount equal to the aggregate principal amount of beneficial interests transferred pursuant to this clause (iv). 
 (v)
Transfer or Exchange of Beneficial Interests in an Unrestricted Global Note for Beneficial Interests in a Restricted Global Note Prohibited. Beneficial interests in an Unrestricted Global Note may not be exchanged for, or transferred to
Persons who take delivery thereof in the form of, beneficial interests in a Restricted Global Note. 
 (c) Transfer and Exchange of
Beneficial Interests in Global Notes for Definitive Notes. 
 (i) Transfer or Exchange of Beneficial Interests in Restricted
Global Notes to Restricted Definitive Notes. Subject to Section 2.06(a) hereof, if any holder of a beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer
such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive Note, then, upon receipt by the Registrar of the following documentation: 

(A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a
Restricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (2)(a) thereof; 

(B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A, a certificate to the effect set
forth in Exhibit B hereto, including the certifications in item (1) thereof; 

  
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 (C) if such beneficial interest is being transferred to a “Non-U.S.
Person” in an offshore transaction (as defined in Section 902(k) of Regulation S) in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof;

 (D) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144 under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; or 

(E) if such beneficial interest is being transferred to the Company or any of its Subsidiaries, a certificate to the effect set
forth in Exhibit B hereto, including the certifications in item (3)(b) thereof, 
 the Trustee shall reduce or cause to be reduced, in a
corresponding amount pursuant to Section 2.06(h) hereof, the aggregate principal amount of the applicable Restricted Global Note, and the Issuers shall execute and, upon receipt of an Authentication Order in accordance with Section 2.02
hereof, the Trustee shall authenticate and deliver a Restricted Definitive Note in the appropriate principal amount to the Person designated by the holder of such beneficial interest in the instructions delivered to the Registrar by the Depositary
and the applicable Participant or Indirect Participant on behalf of such holder. Any Restricted Definitive Note issued in exchange for beneficial interests in a Restricted Global Note pursuant to this Section 2.06(c)(i) shall be registered in
such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall designate in such instructions. The Trustee shall deliver such Restricted Definitive Notes to the Persons in whose names such
Notes are so registered. Any Restricted Definitive Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c)(i) shall bear the Private Placement Legend and shall be subject to all
restrictions on transfer contained therein. 
 (ii) Beneficial Interest in Regulation S Temporary Global Note to Definitive Notes.
Notwithstanding Sections 2.06(c)(i)(A) and (C) hereof, a beneficial interest in the Regulation S Temporary Global Note may not be exchanged for a Definitive Note or transferred to a Person who takes delivery thereof in the form of a Definitive
Note prior to (x) the expiration of the Distribution Compliance Period and (y) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act, except in the case of a transfer pursuant
to an exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904. 
 (iii) Transfer or Exchange of
Beneficial Interests in Restricted Global Notes to Unrestricted Definitive Notes. Subject to Section 2.06(a) hereof, a holder of a beneficial interest in a Restricted Global Note may exchange such beneficial interest for an Unrestricted
Definitive Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note only if the Registrar receives the following: 

(A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for an
Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 

(B) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a
Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case, if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably
acceptable to the Registrar to the effect that such exchange or transfer complies with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain
compliance with the Securities Act. 

  
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 Upon satisfaction of the conditions of this Section 2.06(c)(iii), the Issuers shall execute
and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate and deliver an Unrestricted Definitive Note in the appropriate principal amount to the Person designated by the holder of such
beneficial interest in instructions delivered to the Registrar by the Depositary and the applicable Participant or Indirect Participant on behalf of such holder, and the Trustee shall reduce or cause to be reduced, in a corresponding amount pursuant
to Section 2.06(h), the aggregate principal amount of the applicable Restricted Global Note. 
 (iv) Transfer or Exchange of
Beneficial Interests in Unrestricted Global Notes to Unrestricted Definitive Notes. Subject to Section 2.06(a) hereof, if any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for
an Unrestricted Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note, then, upon satisfaction of the applicable conditions set forth in Section 2.06(b)(ii)
hereof, the Trustee shall reduce or cause to be reduced, in a corresponding amount pursuant to Section 2.06(h) hereof, the aggregate principal amount of the applicable Unrestricted Global Note, and the Issuers shall execute, and, upon receipt
of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate and deliver an Unrestricted Definitive Note in the appropriate principal amount to the Person designated by the holder of such beneficial interest
in instructions delivered to the Registrar by the Depositary and the applicable Participant or Indirect Participant on behalf of such holder. Any Unrestricted Definitive Note issued in exchange for a beneficial interest pursuant to this
Section 2.06(c)(iv) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall designate in such instructions. The Trustee shall deliver such Unrestricted
Definitive Notes to the Persons in whose names such Notes are so registered. Any Unrestricted Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c)(iv) shall not bear the Private Placement Legend. 

(d) Transfer and Exchange of Definitive Notes for Beneficial Interests in the Global Notes. 

(i) Transfer or Exchange of Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes. If any Holder of a
Restricted Definitive Note proposes to exchange such Restricted Definitive Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person who takes delivery thereof in the form of a beneficial
interest in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the
Holder of such Restricted Definitive Note proposes to exchange such Restricted Definitive Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in
item (2)(b) thereof; 
 (B) if such Restricted Definitive Note is being transferred to a QIB in accordance with Rule
144A, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 

(C) if such Restricted Definitive Note is being transferred to a “non-U.S. Person” in an offshore transaction (as
defined in Rule 902(k) of Regulation S) in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 

(D) if such Restricted Definitive Note is being transferred pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; or 

(E) if such Restricted Definitive Note is being transferred to the Company or any of its Subsidiaries, a certificate to the
effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof, 

  
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 the Trustee shall cancel the Restricted Definitive Note and increase or cause to be increased, in
a corresponding amount pursuant to Section 2.06(h) hereof, the aggregate principal amount of, in the case of clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, a 144A Global Note, and in the
case of clause (C) above, a Regulation S Global Note. 
 (ii) Transfer or Exchange of Restricted Definitive Notes to Beneficial
Interests in Unrestricted Global Notes. A Holder of a Restricted Definitive Note may exchange such Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who
takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note only if the Registrar receives the following: 

(A) if the Holder of such Restricted Definitive Note proposes to exchange such Restricted Definitive Note for a beneficial
interest in an Unrestricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 

(B) if the Holder of such Restricted Definitive Note proposes to transfer such Restricted Definitive Note to a Person who shall
take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case, if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably
acceptable to the Registrar to the effect that such exchange or transfer shall be effected in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend shall no longer be required
in order to maintain compliance with the Securities Act. 
 Upon satisfaction of the conditions in this Section 2.06(d)(ii), the
Trustee shall cancel such Restricted Definitive Note and increase or cause to be increased, in a corresponding amount pursuant to Section 2.06(h) hereof, the aggregate principal amount of the Unrestricted Global Note. 

(iii) Transfer or Exchange of Unrestricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an
Unrestricted Definitive Note may exchange such Unrestricted Definitive Note for a beneficial interest in an Unrestricted Global Note or transfer such Unrestricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial
interest in an Unrestricted Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Note and increase or cause to be increased, in a corresponding amount
pursuant to Section 2.06(h) hereof, the aggregate principal amount of one of the Unrestricted Global Notes. 
 (iv) Transfer or
Exchange of Unrestricted Definitive Notes to Beneficial Interests in Restricted Global Notes Prohibited. An Unrestricted Definitive Note may not be exchanged for, or transferred to Persons who take delivery thereof in the form of beneficial
interests in a Restricted Global Note. 
 (v) Issuance of Unrestricted Global Notes. If any such exchange or transfer of a Definitive
Note for a beneficial interest in an Unrestricted Global Note is effected pursuant to clause (ii)(B), (ii)(D) or (iii) at a time when an Unrestricted Global Note has not yet been issued, the Issuers shall issue and, upon receipt of an
Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 

(e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder of Definitive Notes and such
Holder’s compliance with the provisions of this Section 2.06(e), the Registrar shall register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or exchange, the requesting Holder shall present or
surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder. In addition, the requesting Holder shall provide any additional
certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.06(e). 

  
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 (i) Transfer of Restricted Definitive Notes to Restricted Definitive Notes. Any Restricted
Definitive Note may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 

(A) if the transfer will be made pursuant to Rule 144A, a certificate in the form of Exhibit B hereto, including the
certifications in item (1) thereof; 
 (B) if the transfer will be made pursuant to Rule 903 or Rule 904, a certificate
in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 
 (C) if the transfer will be
made pursuant to any other exemption from the registration requirements of the Securities Act, a certificate in the form of Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if
applicable. 
 (ii) Transfer or Exchange of Restricted Definitive Notes to Unrestricted Definitive Notes. Any Restricted Definitive
Note may be exchanged by the Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Note only if the Registrar receives the following: 

(A) if the Holder of such Restricted Definitive Note proposes to exchange such Restricted Definitive Notes for an Unrestricted
Definitive Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 

(B) if the Holder of such Restricted Definitive Notes proposes to transfer such Restricted Definitive Notes to a Person who
shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case, if the Registrar so requests, an Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that
such exchange or transfer complies with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 

Upon satisfaction of the conditions of this Section 2.06(e)(ii), the Trustee shall cancel the prior Restricted Definitive Note and the
Issuers shall execute, and upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate and deliver an Unrestricted Definitive Note in the appropriate aggregate principal amount to the Person
designated by the holder of such prior Restricted Definitive Note in instructions delivered to the Registrar by such holder. 
 (iii)
Transfer of Unrestricted Definitive Notes to Unrestricted Definitive Notes. A Holder of Unrestricted Definitive Notes may transfer such Unrestricted Definitive Notes to a Person who takes delivery thereof in the form of an Unrestricted
Definitive Note. Upon receipt of a request to register such a transfer, the Registrar shall register the Unrestricted Definitive Notes pursuant to the instructions from the Holder thereof. 

(f) [Reserved.] 
 (g)
Legends. The following legends shall appear on the face of all Global Notes and Definitive Notes issued under this Indenture unless specifically stated otherwise in the applicable provisions of this Indenture. 

(i) Private Placement Legend. 

  
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 (A) Except as permitted by clause (B) below, each Global Note and each Definitive Note (and
all Notes issued in exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 

“THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE
SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS NOTE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS
SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS NOTE, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED NOTES, TO OFFER, SELL OR OTHERWISE
TRANSFER SUCH NOTE, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS [IN THE CASE OF RULE 144A NOTES: ONE YEAR] [IN THE CASE OF REGULATION S NOTES: 40 DAYS] AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND [IN THE
CASE OF RULE 144A NOTES: THE LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE OF THE COMPANY WAS THE OWNER OF THIS NOTE (OR ANY PREDECESSOR OF SUCH NOTE)][IN THE CASE OF REGULATION S NOTES: WHEN THIS NOTE (OR ANY PREDECESSOR NOTE) WAS FIRST OFFERED
TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION S], ONLY (A) TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER
THE SECURITIES ACT, (C) FOR SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE
SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) OUTSIDE THE UNITED STATES, IN COMPLIANCE WITH RULE 904
UNDER REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2),(3) OR (7) UNDER THE SECURITIES ACT THAT IS AN INSTITUTIONAL ACCREDITED INVESTOR ACQUIRING
THE NOTE FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF THE NOTES OF $250,000, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO OR FOR OFFER OR SALE IN CONNECTION WITH
ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER,
SALE OR TRANSFER PURSUANT TO CLAUSES (C), (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER
AFTER THE RESALE RESTRICTION TERMINATION DATE. [IN THE CASE OF REGULATION S NOTES: BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON, NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON, AND IT IS ACQUIRING THIS
NOTE IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT.] 
 (B) Notwithstanding the foregoing, any Global
Note or Definitive Note issued pursuant to clause (b)(iv), (c)(iii), (c)(iv), (d)(ii), (d)(iii), (e)(ii), (e)(iii) or (f) to this Section 2.06 (and all Notes issued in exchange therefor or substitution thereof) shall not bear the Private
Placement Legend. 

  
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 (ii) Global Note Legend. Each Global Note shall bear a legend in substantially the
following form: 
 “THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS
NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.06 OF THE
INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE INDENTURE AND (IV) THIS
GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS AND UNTIL
IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
(AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 
 (iii) Regulation S Temporary Global Note Legend. Each
Regulation S Temporary Global Note shall bear a legend in substantially the following form: 
 “EXCEPT AS SET FORTH
BELOW, BENEFICIAL OWNERSHIP INTERESTS IN THIS REGULATION S TEMPORARY GLOBAL NOTE WILL NOT BE EXCHANGEABLE FOR INTERESTS IN THE REGULATION S PERMANENT GLOBAL NOTE OR ANY OTHER NOTE REPRESENTING AN INTEREST IN THE NOTES REPRESENTED HEREBY WHICH DOES
NOT CONTAIN A LEGEND CONTAINING RESTRICTIONS ON TRANSFER, UNTIL THE EXPIRATION OF THE “40-DAY DISTRIBUTION COMPLIANCE PERIOD” (WITHIN THE MEANING OF RULE 903(B)(2) OF REGULATION S UNDER THE SECURITIES ACT) AND THEN ONLY UPON CERTIFICATION
IN FORM REASONABLY SATISFACTORY TO THE TRUSTEE THAT SUCH BENEFICIAL INTERESTS ARE OWNED EITHER BY NON-U.S. PERSONS OR U.S. PERSONS WHO PURCHASED SUCH INTERESTS IN A TRANSACTION THAT DID NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT. DURING SUCH
40-DAY DISTRIBUTION COMPLIANCE PERIOD, BENEFICIAL OWNERSHIP IN THIS REGULATION S TEMPORARY GLOBAL NOTE MAY ONLY BE SOLD, PLEDGED OR TRANSFERRED THROUGH EUROCLEAR SYSTEM OR CLEARSTREAM LUXEMBOURG, A SOCIETE ANONYME AND ONLY (1) TO THE COMPANY,
(2) WITHIN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (3) OUTSIDE THE
UNITED STATES IN A TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT OR (4) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 

  
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SECURITIES ACT, IN EACH OF THE CASES (1) THROUGH (4) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND OTHER JURISDICTIONS. HOLDERS OF INTERESTS IN
THIS REGULATION S TEMPORARY GLOBAL NOTE WILL NOTIFY ANY PURCHASER OF THIS NOTE OF THE RESALE RESTRICTIONS REFERRED TO ABOVE, IF THEN APPLICABLE. 

BENEFICIAL INTERESTS IN THIS REGULATION S TEMPORARY GLOBAL NOTE MAY BE EXCHANGED FOR INTERESTS IN ANOTHER RESTRICTED GLOBAL
NOTE ONLY IF (1) SUCH EXCHANGE OCCURS IN CONNECTION WITH A TRANSFER OF THE NOTES IN COMPLIANCE WITH RULE 144A, AND (2) THE TRANSFEROR OF SUCH BENEFICIAL INTERESTS IN THIS REGULATION S TEMPORARY GLOBAL NOTE FIRST DELIVERS TO THE TRUSTEE A
WRITTEN CERTIFICATE (IN THE FORM ATTACHED TO THIS CERTIFICATE) TO THE EFFECT THAT SUCH BENEFICIAL INTERESTS IN THIS REGULATION S GLOBAL NOTE ARE BEING TRANSFERRED (A) TO A PERSON WHO THE TRANSFEROR REASONABLY BELIEVES TO BE A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A OR (B) TO A PERSON WHO IS PURCHASING FOR ITS OWN ACCOUNT OR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A AND (C) IN ACCORDANCE
WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER JURISDICTIONS. 
 BENEFICIAL INTERESTS IN
ANOTHER RESTRICTED GLOBAL NOTE MAY BE TRANSFERRED TO A PERSON WHO TAKES DELIVERY IN THE FORM OF AN INTEREST IN THIS REGULATION S GLOBAL NOTE, WHETHER BEFORE OR AFTER THE EXPIRATION OF THE 40-DAY DISTRIBUTION COMPLIANCE PERIOD, ONLY IF THE TRANSFEROR
FIRST DELIVERS TO THE TRUSTEE A WRITTEN CERTIFICATE (IN THE FORM ATTACHED TO THIS CERTIFICATE) TO THE EFFECT THAT IF SUCH TRANSFER IS BEING MADE IN ACCORDANCE WITH RULE 903 OR 904 OF REGULATION S OR RULE 144 (IF AVAILABLE) AND THAT, IF SUCH
TRANSFER OCCURS PRIOR TO THE EXPIRATION OF THE 40-DAY DISTRIBUTION COMPLIANCE PERIOD, THE INTEREST TRANSFERRED WILL BE HELD IMMEDIATELY THEREAFTER THROUGH EUROCLEAR SYSTEM OR CLEARSTREAM LUXEMBOURG, A SOCIETE ANONYME.” 

(h) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note
have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or cancelled in whole and not in part, each such Global Note shall be returned to or retained and cancelled by the Trustee in accordance with
Section 2.11 hereof. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or
for Definitive Notes, the aggregate principal amount of Notes represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to
reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, the aggregate principal amount of such other Global
Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

(i) General Provisions Relating to Transfers and Exchanges. 

(i) No service charge shall be made to a holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note for any
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge
payable upon exchange or transfer pursuant to Sections 2.10, 3.06, 4.12, 4.17 and 9.05 hereof). 

  
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 (ii) All Global Notes and Definitive Notes issued upon any registration of transfer or exchange
of Global Notes or Definitive Notes shall be the valid obligations of the Issuers, evidencing the same debt as the Global Notes or Definitive Notes surrendered upon such registration of transfer or exchange and shall be entitled to all of the
benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 
 (iii) Neither the Registrar nor the
Issuers shall be required (A) to issue, to register the transfer of or to exchange any Notes during a period beginning at the opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 hereof and
ending at the close of business on the date of selection, (B) to register the transfer of or to exchange any Note so selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part or (C) to
register the transfer of or to exchange a Note between a record date (including a Regular Record Date) and the next succeeding Interest Payment Date. 

(iv) Prior to due presentment for the registration of transfer of any Note, the Trustee, any Agent and the Issuers may deem and treat the
Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of, premium, if any, and interest on such Note and for all other purposes, in each case regardless of any notice to the
contrary. 
 (v) All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this
Section 2.06 to effect a registration of transfer or exchange may be submitted by facsimile. 
 (vi) The Trustee is hereby authorized
and directed to enter into a letter of representation with the Depositary in the form provided by the Issuers and to act in accordance with such letter. 

(vii) Each Holder of a Note agrees to indemnify the Issuers and the Trustee against any liability that may result from the transfer, exchange
or assignment of such Holder’s Note in violation of any provision of this Indenture or applicable United States federal or state securities laws. 

(viii) Neither the Trustee nor any Agent shall have any responsibility for any actions taken or not taken by the Depositary. 

(ix) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed
under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Participants or beneficial owners of interests in any Global Note) other than to require delivery of such
certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with the express
requirements hereof. 
 Section 2.07. Replacement Notes. 

If any mutilated Note is surrendered to the Trustee or the Issuers and the Trustee receives evidence to its satisfaction of the destruction,
loss or theft of any Note, the Issuers shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate a replacement Note. If required by the Trustee or the Issuers, the Holder of
such Note shall provide indemnity that is sufficient in the judgment of the Trustee or the Issuers, to protect the Issuers, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer in connection with such
replacement. If required by the Issuers, such Holder shall reimburse the Issuers for their reasonable expenses in connection with such replacement. 

Every replacement Note issued in accordance with this Section 2.07 shall be the valid obligation of the Issuers, evidencing the same debt
as the destroyed, lost or stolen Note, and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 

  
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 Section 2.08. Outstanding Notes. 

(a) The Notes outstanding at any time shall be the entire principal amount of Notes represented by all of the Global Notes and Definitive Notes
authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, those subject to reductions in beneficial interests effected by the Trustee in accordance with Section 2.06 hereof, and those set forth in
this Section 2.08 as not outstanding. Except as set forth in Section 2.09 hereof, a Note shall not cease to be outstanding because either of the Issuers or an Affiliate of the Issuers holds the Note; provided, however, that Notes held by
either of the Issuers or a Subsidiary of the Issuers shall be deemed not to be outstanding for purposes of Section 3.07(c) hereof. 

(b) If a Note is replaced pursuant to Section 2.07 hereof, it shall cease to be outstanding unless the Trustee receives proof satisfactory
to it that the replaced note is held by a protected purchaser. 
 (c) If the principal amount of any Note is considered paid under
Section 4.01 hereof, it shall cease to be outstanding and interest on it shall cease to accrue. 
 (d) If the Paying Agent (other than
one of the Issuers, a Subsidiary or an Affiliate of any thereof) holds, by 11:00 a.m. Eastern Time on a redemption date, a Purchase Date or another maturity date, funds sufficient to pay Notes payable on that date, then on and after that date such
Notes shall be deemed to be no longer outstanding and shall cease to accrue interest. 
 Section 2.09. Treasury
Notes. 
 In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or
consent, Notes owned by the Issuers, or by any Affiliate of the Issuers, shall be considered as though not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or
consent, only Notes that a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. 
 Section 2.10.
Temporary Notes. 
 Until certificates representing Notes are ready for delivery, the Issuers may prepare and, upon receipt
of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of definitive Notes but may have variations that the Issuers consider
appropriate for temporary Notes and as shall be reasonably acceptable to the Trustee. Without unreasonable delay, the Issuers shall prepare and the Trustee shall authenticate Global Notes or Definitive Notes in exchange for temporary Notes, as
applicable. After preparation of definitive Notes, the temporary Note will be exchangeable for definitive Notes upon surrender of the temporary Notes. 

Holders of temporary Notes shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly
issued hereunder. 
 Section 2.11. Cancellation. 

The Issuers at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee any
Notes surrendered to them for registration of transfer, exchange or payment. Upon sole direction of the Issuers, the Trustee and no one else shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or
cancellation and shall destroy cancelled Notes (subject to the record retention requirements of the Exchange Act or other applicable laws) unless by written order, signed by an Officer of each of the Issuers, the Issuers direct them to be returned
to the Issuers. Certification of the destruction of all cancelled Notes shall be delivered to the Issuers from time to time upon request. The Issuers may not issue new Notes to replace Notes that they have paid or that have been delivered to the
Trustee for cancellation. 
 Section 2.12. Payment of Interest; Defaulted Interest. 

If the Issuers default in a payment of interest on the Notes (which shall exclude, for the avoidance of doubt, the payment of PIK Interest
through an increase of the principal amount of the outstanding Notes or through the issuance of PIK Notes), they shall pay the defaulted interest in any lawful manner plus, to the extent lawful, interest payable on the defaulted interest to the
Persons who are Holders on a subsequent special record date, in each case at 

  
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the rate provided in the Notes and in Section 4.01 hereof. The Issuers shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Note and the
date of the proposed payment. The Issuers shall fix or cause to be fixed each such special record date and payment date; provided that no such special record date shall be less than 10 days prior to the related Interest Payment Date for such
defaulted interest. At least 15 days before the special record date, the Issuers (or, upon the written request of the Issuers, the Trustee in the name and at the expense of the Issuers) shall mail or cause to be mailed to Holders a notice that
states the special record date, the related Interest Payment Date and the amount of such interest to be paid. 

Section 2.13. CUSIP or ISIN Numbers. 

The Issuers in issuing the Notes may use “CUSIP” and/or “ISIN” numbers (if then generally in use), and, if so, the
Trustee shall use “CUSIP” and/or “ISIN” numbers in notices of redemption or Offers to Purchase as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption or notice of an Offer to Purchase and that reliance may be placed only on the other identification numbers printed on the Notes, and any
such redemption or Offer to Purchase shall not be affected by any defect in or omission of such numbers. The Issuers shall promptly notify the Trustee of any change in the “CUSIP” and/or “ISIN” numbers. 

Section 2.14. [Reserved.] 

Section 2.15. Issuance of Additional Notes. 

The Issuers shall be entitled, subject to their compliance with Sections 4.09 and 4.11 hereof, to issue Additional Notes under this Indenture
which shall have identical terms as the Initial Notes issued on the date hereof, other than with respect to the date of issuance and issue price. The Initial Notes issued on the date hereof, any Additional Notes and any PIK Notes shall be treated as
a single class for all purposes under this Indenture, including directions, waivers, amendments, consents, redemptions and Offers to Purchase. 

With respect to any Additional Notes, each of the Issuers shall set forth in a Board Resolution and an Officer’s Certificate, a copy of
each of which shall be delivered to the Trustee, the following information: 
 (a) the aggregate principal amount of such
Additional Notes to be authenticated and delivered pursuant to this Indenture; 
 (b) the issue price, the issue date and the
CUSIP and/or ISIN number of such Additional Notes; provided, however, that no Additional Notes may be issued at a price that would cause such Additional Notes to have “original issue discount” within the meaning of
Section 1273 of the Code, other than a de minimis original issue discount within the meaning of Section 1273 of the Code; and 

(c) whether such Additional Notes shall be subject to the restrictions on transfer set forth in Section 2.06 hereof
relating to Restricted Global Notes and Restricted Definitive Notes. 
 Section 2.16. Record Date. 

The record date for purposes of determining the identity of Holders of Notes entitled to vote or consent to any action by vote or consent or
permitted under this Indenture shall be determined as provided for in TIA Section 316(c). 
 Section 2.17. Issuance
of PIK Interest. 
 (a) Any PIK Interest on the Notes with respect to Notes represented by one or more Global Notes registered in the
name of, or held by, DTC or its nominee on the relevant record date, is payable by increasing the principal amount of the outstanding Global Note by an amount equal to the amount of PIK Interest for the applicable Interest Period (rounded up to the
nearest whole dollar) as provided in the PIK Notice delivered in accordance with Section 2.01(g) hereof. On the applicable Interest Payment Date, the Trustee shall record such increase on the 

  
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schedule to the Global Note and the Registrar shall record such increase in the Registrar’s books and records in accordance with this Indenture. Following an increase in the principal amount
of the outstanding Global Notes as a result of a PIK Payment, the Notes will bear interest on such increased principal amount from and after the date of such PIK Payment. 

(b) Any PIK Interest on the Notes with respect to Notes represented by one or more Definitive Notes is payable by issuing PIK Notes in
certificated form in an aggregate principal amount equal to the amount of PIK Interest for the applicable Interest Period (rounded up to the nearest whole dollar) as provided in the PIK Notice delivered in accordance with Section 2.01(g)
hereof. The Trustee shall, at the written order of the Issuers pursuant to Section 2.02 hereof, authenticate and deliver such PIK Notes in certificated form for original issuance to the Holders as of the relevant record date, as shown in the
Security Register. Any PIK Notes issued in certificated form will be dated as of the applicable Interest Payment Date and will bear interest from and after such date. 

ARTICLE 3. 

REDEMPTION AND PREPAYMENT  

Section 3.01. Notices to Trustee. 

If the Issuers elect to redeem Notes pursuant to the optional redemption provisions of Section 3.07 hereof, they shall furnish to the
Trustee, at least five Business Days before the mailing of a notice of such redemption (or such shorter period as allowed by the Trustee), a statement setting forth the information to be included in such notice as provided in Section 3.03
hereof. 
 Section 3.02. Selection of Notes to Be Redeemed. 

If less than all of the Notes are to be redeemed at any time, the Trustee will select Notes for redemption: 

(a) if the Notes are listed, in compliance with the requirements of the principal national securities exchange on which the
Notes are listed; or 
 (b) if the Notes are not so listed, on a pro rata basis (or, in the case of Notes issued in
global form pursuant to Article 2 hereof, based on a method as the Depositary may require that most nearly approximates a pro rata selection), by lot or by such other method the Trustee shall deem fair and reasonable. 

In the event of partial redemption or purchase by lot, the particular Notes to be redeemed or purchased will be selected, unless otherwise
provided herein, not less than 30 nor more than 60 days prior to the redemption date by the Trustee from the outstanding Notes not previously called for redemption. 

The Trustee will promptly notify the Issuers in writing of the Notes selected for redemption and, in the case of any Note selected for partial
redemption, the principal amount thereof to be redeemed. No Notes of $2,000 or less shall be redeemed in part (or if PIK Notes have been issued, no PIK Notes of $1.00 or less shall be redeemed in part). Notes and portions of Notes selected for
redemption will be in amounts of $2,000 or whole multiples of $1,000 in excess thereof (or in denominations of $1.00 and any integral multiple of $1.00 in excess thereof with respect to a PIK Note); except that if all of the Notes of a Holder are to
be redeemed, the entire outstanding amount of Notes held by such Holder shall be redeemed. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called
for redemption. 
 Section 3.03. Notice of Redemption. 

At least 30 days but not more than 60 days prior to a redemption date, the Issuers shall mail or cause to be mailed, by first class mail, a
notice of redemption to each Holder whose Notes are to be redeemed at such Holder’s registered address appearing in the Security Register, except that, redemption notices may be mailed more than 60 days prior to a redemption date if the notice
is issued in connection with a defeasance of the Notes or the satisfaction and discharge of this Indenture. 

  
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 The notice shall identify the Notes to be redeemed and shall state: 

(a) the redemption date; 

(b) the redemption price, if then ascertainable, and otherwise the appropriate method for calculation of the redemption price,
in which case the actual redemption price shall be set forth in an Officer’s Certificate delivered to the Trustee no later than two (2) Business Days prior to the redemption date unless clause (2) of the definition of “Applicable
Premium” is applicable, in which case such Officer’s Certificate should be delivered on the redemption date; 
 (c)
if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the redemption date upon surrender of such Note, if applicable, a new Note or Notes in principal amount equal to the unredeemed
portion shall be issued upon cancellation of the original Note; 
 (d) the name and address of the Paying Agent; 

(e) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(f) that, unless the Issuers default in making such redemption payment, interest on Notes called for redemption ceases to
accrue on and after the redemption date; 
 (g) the applicable section of this Indenture or the Notes pursuant to which the
Notes called for redemption are being redeemed; and 
 (h) that no representation is made as to the correctness of the CUSIP
and/or ISIN numbers, if any, listed in such notice or printed on the Notes; and 
 (i) if applicable, any condition to such
redemption. 
 At the Issuers’ request, the Trustee shall give the notice of redemption in the Issuers’ names and at their
expense; provided, however, that the Issuers shall have delivered to the Trustee, contemporaneously with the statement delivered pursuant to Section 3.01 hereof a written request that the Trustee give such notice (in the name and
at the expense of the Issuers). 
 Section 3.04. Effect of Notice of Redemption. 

Once notice of redemption is mailed in accordance with Section 3.03 hereof, Notes called for redemption shall become irrevocably due and
payable on the redemption date at the redemption price. A notice of redemption may not be conditional. However, any notice of redemption pursuant to Section 3.07(c) may, at the Issuers’ discretion, be subject to completion of an Equity
Offering. 
 Section 3.05. Deposit of Redemption Price. 

Prior to 11:00 a.m. Eastern Time on any redemption date, the Issuers shall deposit with the Trustee or with the Paying Agent money sufficient
to pay the redemption price of, and accrued and unpaid interest on all Notes to be redeemed on that date. The Trustee or the Paying Agent shall promptly return to the Issuers any money deposited with the Trustee or the Paying Agent by the Issuers in
excess of the amounts necessary to pay the redemption price of, and accrued and unpaid interest, if any, on, all Notes to be redeemed. 
 If
the Issuers comply with the provisions of the preceding paragraph, on and after the redemption date, interest shall cease to accrue on the Notes or the portions of Notes called for redemption in accordance with Section 2.08(d) hereof, whether
or not such Notes are presented for payment. If a Note is redeemed on or after a Regular Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest, if any,

  
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shall be paid to the Person in whose name such Note was registered at the close of business on such Regular Record Date. If any Note called for redemption or purchase is not so paid upon
surrender for redemption because of the failure of the Issuers to comply with the preceding paragraph, interest shall be paid on the unpaid principal from the redemption date until such principal is paid, and to the extent lawful on any interest not
paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01 hereof. 
 Section 3.06.
Notes Redeemed in Part. 
 Upon surrender of a Note that is redeemed in part, the Issuers shall issue and, upon receipt of
an authentication order in accordance with Section 2.02 hereof, the Trustee shall authenticate for the Holder at the expense of the Issuers a new Note equal in principal amount to the unredeemed portion of the Note surrendered. 

Section 3.07. Optional Redemption. 

(a) On or after September 15, 2014, the Issuers may redeem all or a portion of the Notes at the following redemption prices (expressed as
percentages of the principal amount), together with accrued and unpaid interest to the redemption date, subject to the rights of holders of record on relevant record dates to receive interest due on an Interest Payment Date, if redeemed during the
12-month period beginning on September 15 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2014
	  	 	102.000	% 
	 2015
	  	 	101.000	% 
	 2016 and thereafter
	  	 	100.000	% 

 (b) At any time prior to September 15, 2014, the Issuers may redeem all or a portion of the Notes at a
price equal to 100% of the aggregate principal amount of Notes to be redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, the date of redemption, subject to the rights of holders of record on relevant record dates to
receive interest due on an Interest Payment Date. 
 (c) At any time prior to September 15, 2014, the Issuers, at their option, may use
the net proceeds of one or more Equity Offerings to redeem any or all of the Notes issued under this Indenture (including any Additional Notes) at a redemption price equal to 102.000% of the aggregate principal amount of the Notes redeemed, plus
accrued and unpaid interest to the redemption date, subject to the rights of holders of record on relevant record dates to receive interest due on an Interest Payment Date; provided that such redemption is completed within 90 days of the
closing of the Equity Offering. 
 (d) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections
3.01 through 3.06 hereof. 
 In addition to the Issuers’ rights to redeem the Notes as set forth above, the Issuers may purchase Notes
in open market transactions, tender offers or otherwise. 
 Section 3.08. Mandatory Redemption. 

Except as set forth in Sections 4.12 and 4.17 hereof, the Issuers shall not be required to make mandatory redemption or sinking fund payments
with respect to, or offer to purchase, the Notes. 
 Section 3.09. Offer To Purchase. 

(a) In the event that, pursuant to Section 4.12 or 4.17 hereof, the Issuers shall be required to commence an Asset Sale Offer or a Change
of Control Offer (each, an “Offer to Purchase”), they shall follow the procedures specified below. 

  
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 (b) The Issuers shall cause a notice of the Offer to Purchase to be sent at least once to the
Dow Jones News Service or similar business news service in the United States. 
 (c) The Issuers shall commence the Offer to Purchase
by sending, by first-class mail, postage prepaid, with a copy to the Trustee, to each Holder at such Holder’s address appearing in the Security Register, a notice the terms of which shall govern the Offer to Purchase stating: 

(i) that the Offer to Purchase is being made pursuant to this Section 3.09 and Section 4.12 or Section 4.17, as
the case may be, and, in the case of a Change of Control Offer, that a Change of Control has occurred or will occur, the circumstances and relevant facts regarding such Change of Control and the date of such event and that a Change of Control Offer
is being made pursuant to Section 4.17; 
 (ii) the principal amount of Notes required to be purchased pursuant to
Section 4.12 or Section 4.17, as the case may be (the “Offer Amount”), the purchase price set forth in Section 4.12 or Section 4.17, as applicable (the “Purchase
Price”), the Offer Period and the Purchase Date (each as defined below); 
 (iii) except as provided in
clause (ix) below, that all Notes timely tendered and not withdrawn shall be accepted for payment; 
 (iv) that any Note
not tendered or accepted for payment shall continue to accrue interest; 
 (v) that, unless the Issuers default in making
such payment, any Note accepted for payment pursuant to the Offer to Purchase shall cease to accrue interest after the Purchase Date; 

(vi) that Holders electing to have a Note purchased pursuant to an Offer to Purchase may elect to have Notes purchased in
denominations of $2,000 or an integral multiple of $1,000 in excess thereof only (or, in the case of PIK Notes, in amounts of $1 or an integral multiple of $1 in excess thereof); 

(vii) that Holders electing to have a Note purchased pursuant to any Offer to Purchase shall be required to surrender the Note,
with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer by book-entry transfer, to the Issuers, the depositary, if appointed by the Issuers, or a Paying Agent at the address specified
in the notice before the close of business on the third Business Day before the Purchase Date; 
 (viii) that Holders shall
be entitled to withdraw their election if the Issuers, the depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, facsimile transmission or letter setting forth the name of the
Holder, the principal amount of the Note (or portions thereof) the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; 

(ix) that, in the case of an Asset Sale Offer, if the aggregate principal amount of Notes and principal amount or, if
different, accreted value of Notes and other Pari Passu Indebtedness tendered into such Asset Sale Offer exceeds the Offer Amount, the Trustee shall select the Notes or other Pari Passu Indebtedness, as the case may be, to be purchased on a pro
rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in denominations of $2,000 or integral multiples of $1,000 in excess thereof shall be purchased, or, in the case of PIK Notes, in amounts of $1 or
an integral multiple of $1 in excess thereof shall be purchased); 
 (x) that Holders whose Notes were purchased in part
shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer); and 

  
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 (xi) any other procedures the Holders must follow in order to tender their Notes
(or portions thereof) for payment and the procedures that Holders must follow in order to withdraw an election to tender Notes (or portions thereof) for payment. 

(d) The Offer to Purchase shall remain open for a period of at least 30 days but no more than 60 days following its commencement, except to the
extent that a longer period is required by applicable law (the “Offer Period”). No later than five (5) Business Days (and in any event (i) no later than the 60th day following the commencement of the Offer to
Purchase and (ii) no earlier than the date of the occurrence of the Change of Control, in the case of a Change of Control Offer) after the termination of the Offer Period (the “Purchase Date”), the
Issuers shall purchase the Offer Amount or, if less than the Offer Amount has been tendered, all Notes tendered in response to the Offer to Purchase. Payment for any Notes so purchased shall be made in the same manner as interest payments are made.
The Issuers shall publicly announce the results of the Offer to Purchase on the Purchase Date. 
 (e) On or prior to the Purchase Date, the
Issuers shall, to the extent lawful: 
 (i) accept for payment (on a pro rata basis to the extent necessary in
connection with an Asset Sale Offer), the Offer Amount of Notes or portions of Notes properly tendered and not withdrawn pursuant to the Offer to Purchase, or if less than the Offer Amount has been tendered, all Notes tendered; 

(ii) deposit with the Paying Agent (by 11:00 a.m. Eastern Time, on the Purchase Date) funds in an amount equal to the Purchase
Price in respect of all Notes or portions of Notes properly tendered and accepted for purchase; and 
 (iii) deliver or cause
to be delivered to the Trustee the Notes properly accepted together with an Officer’s Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Issuers and that such Notes or portions thereof were
accepted for payment by the Issuers in accordance with the terms of this Section 3.09. 
 (f) On the Purchase Date, the Paying Agent (or
one of the Issuers, if acting as the Paying Agent) shall deliver to each tendering Holder the Purchase Price. In the event that any portion of the Notes surrendered is not purchased by the Issuers, the Issuers shall promptly execute and issue a new
Note in a principal amount equal to such unpurchased portion of the Note surrendered, and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate and deliver (or cause to be transferred by
book-entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered; provided, however, that each such new Note shall be in a principal amount of $2,000 or an integral multiple of
$1,000 in excess thereof (or, in the case of PIK Notes or Notes in respect of which a PIK Payment has been made, in amounts of $1 or an integral multiple of $1 in excess thereof). Any Note not so accepted shall be promptly mailed or delivered by the
Issuers to the Holder thereof. 
 (g) If the Purchase Date is on or after a Regular Record Date and on or before the related Interest Payment
Date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such Regular Record Date, and no additional interest shall be payable to Holders who tender Notes pursuant to the Offer
to Purchase. 
 (h) The Issuers shall comply, to the extent applicable, with the requirements of Rule 14e-1 under the Exchange Act and any
other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the Offer to Purchase. To the extent that the provisions of any securities laws or regulations conflict with Sections 4.12 or
4.17, as applicable, this Section 3.09 or other provisions of this Indenture, the Issuers shall comply with applicable securities laws and regulations and shall not be deemed to have breached their obligations under Sections 4.12 or 4.17, as
applicable, this Section 3.09 or such other provision by virtue of such compliance. 

  
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 ARTICLE 4. 

COVENANTS 

Section 4.01. Payment of Notes. 

The Issuers shall pay or cause to be paid the principal of, premium, if any, and interest on, the Notes on the dates and in the manner provided
in this Indenture and the Notes. Principal, premium, if any, and interest shall be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 11:00 a.m. Eastern Time on the due date money
deposited by the Issuers in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. Such Paying Agent shall return to the Issuers promptly, and in any event, no later than five
(5) Business Days following the date of payment, any money (including accrued interest) that exceeds such amount of principal, premium, if any, and interest paid on the Notes. If a payment date is a Legal Holiday at a place of payment, payment
may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period. 

The Issuers shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium,
if any, from time to time on demand at the interest rate then in effect; they shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable
grace periods), from time to time on demand at the same rate to the extent lawful. 
 Interest shall be computed on the basis of a 360-day
year of twelve 30-day months. 
 Section 4.02. Maintenance of Office or Agency. 

(a) The Issuers shall maintain in The City of New York, an office or agency (which may be an office or drop facility of the Trustee or an
affiliate of the Trustee or Registrar) where Notes may be presented or surrendered for registration of transfer or for exchange and where notices and demands to or upon the Issuers in respect of the Notes and this Indenture may be served. The
Issuers shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Issuers shall fail to maintain any such required office or agency or shall fail to furnish the
Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Issuers hereby appoint the Trustee as their agent to receive all such presentations,
surrenders, notices and demands. 
 (b) The Issuers may also from time to time designate one or more other offices or agencies where the
Notes may be presented or surrendered for any or all such purposes and may from time to time rescind such designations. The Issuers shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the
location of any such other office or agency. 
 (c) The Issuers hereby designate each of (i) the Corporate Trust Office of the Trustee
and (ii) its corporate trust office at 150 East 42nd Street, 40th Floor, New York, New York 10017, as one such office, drop facility or agency of the Issuers in accordance with Section 2.03 hereof. 

Section 4.03. Reports. 

(a) So long as any Notes are outstanding, the Company will make available to the Trustee and the Holders (through postings on its, BI-LO’s
or Holding’s website as provided below): 
 (i) within 105 days after the end of each Fiscal Year, (A) a management
report setting forth a narrative report and a “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” for such period and (B) audited financial statements prepared in accordance with GAAP, of the
type that would have been required by Items 7 and 8 of Form 10-K to be contained in an Annual Report on Form 10-K under the Exchange Act if the Company had been a reporting company under the Exchange Act (including, with respect to annual statements
only, an auditor’s report); and 

  
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 (ii) within 55 days after the end of each of the first three fiscal quarters of
each Fiscal Year, (A) a management report setting forth a narrative report and a “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and (B) unaudited quarterly financial statements
prepared in accordance with GAAP, of the type that would have been required to be contained in a Quarterly Report on Form 10-Q under the Exchange Act if the Company had been a reporting company under the Exchange Act; 

(iii) within five Business Days after the occurrence of any of the events set forth in the following items of Form 8-K,
information substantively of the type that would be required to be filed with the SEC on Form 8-K (if the Company were required to file such reports): Item 1.01 (Entry into a Material Definitive Agreement); Item 1.02 (Termination of a
Material Definitive Agreement); Item 1.03 (Bankruptcy or Receivership); Item 2.01 (Completion of Acquisition or Disposition of Assets); Item 2.03 (Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant), to the extent relating to an off-balance sheet transaction; Item 2.04 (Triggering Events that Accelerate or Increase a Direct Financial Obligations or an Obligation under an Off-Balance Sheet Arrangement) with
respect to any off-balance sheet transaction and any agreement the default under which would constitute an Event of Default under this Indenture if accelerated; Item 2.05 (Costs Associated with Exit or Disposal Activities); Item 2.06
(Material Impairments); Item 4.01 (Changes in Certifying Registrant’s Accountant); Item 4.02 (Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review); Item 5.01 (Changes in
Control of Registrant) and Item 5.02 (Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers); and 

(iv) historical financial information and analysis, as and to the extent provided by Holding to the lenders under any Credit
Facility, in respect of any business acquired by the Company or any Restricted Subsidiary for consideration in excess of 15% of Holding’s Consolidated Net Tangible Assets. 

(b) At any time that any of the Company’s Subsidiaries are Unrestricted Subsidiaries, then the quarterly and annual information required
by the preceding paragraph will include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes thereto, of the financial condition and results of operations of the Company and its Restricted
Subsidiaries separate from the financial condition and results of operations of such Unrestricted Subsidiaries. 
 Notwithstanding the
foregoing, 
 (1) Sarbanes-Oxley. No certifications or attestations concerning the financial statements or disclosure
controls and procedures or internal controls that would otherwise be required pursuant to the Sarbanes-Oxley Act of 2002 will be required (provided further, however, that nothing contained in the terms of this Indenture shall otherwise require the
Company to comply with the terms of the Sarbanes-Oxley Act of 2002 at any time when it would not otherwise be subject to such statute); 

(2) Financial Statements of Acquired Entities. The financial statements required of acquired businesses will be limited
to the financial statements (in whatever form) that the Company receives in connection with the acquisition, whether or not audited; 

(3) Financial Statements of Unconsolidated Entities. No financial statements of unconsolidated entities will be
required; 
 (4) Segment Reporting. The Company will not be required to prepare its financial statements in accordance
with the Financial Accounting Standards Board’s Accounting Standards Codification (ASC) Topic 280 (Segment Reporting); 

(5) Mezzanine Securities. The Company will not be required to comply with guidance regarding accounting for financial
instruments with characteristics of both liabilities and equity in respect of any period prior to the date of this Indenture; 

  
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 (6) Supplemental Schedules. The schedules identified in Section 5-04
of Regulation S-X will not be required; 
 (7) No Affiliate Financials. No separate financial statements of any
Affiliate of the Company shall be required pursuant to Rule 3-10 or 3-16 of Regulation S-X; 
 (8) Non-GAAP Information.
The Company will not be required to comply with Regulation G and Item 10(e) of Regulation S-K with respect to any non-GAAP financial information; provided, however, that the Company will provide a reconciliation of any
non-GAAP financial information to the nearest comparable GAAP measure; provided further, that, for the avoidance of doubt, a reconciliation of Adjusted EBITDA and Adjusted EBITDAR in the form in which such measures are presented in the
Offering Memorandum shall be deemed to comply with this requirement; and 
 (9) Financial Statement Footnotes.
Regulation S-X footnote disclosures will not be required, other than those required by GAAP. 
 (c) The Company will post (or cause to be
posted) the reports and other information specified in Sections 4.03(a) and (b) hereof on a website, no later than the date on which such information is required to be furnished to the Holders, and maintain such posting so long as any Notes
remain outstanding; provided, however, that such website may be password protected so long as the Company makes commercially reasonable efforts to notify the Holders, prospective investors, securities analysts and market makers of postings to the
website (including through the information dissemination procedures of the depositary for the Notes) and to provide the Holders with access to such website. 

(d) Notwithstanding the foregoing, in the event that any direct or indirect parent company of the Company becomes a guarantor of the notes at
the time of or following an initial public offering of such parent company, the financial statements, information and other documents required to be provided as described above (including the financial statements, reports and other information
referred to in Sections 4.03(a)(i) through (iii)), may be those of such parent company rather than the Company; provided, however, that the same is accompanied by consolidating information that explains in reasonable detail the
differences between the information relating to such parent company and any of its Subsidiaries, on the one hand, and the information relating to the Company and its Subsidiaries, on a standalone basis, on the other hand. 

(e) Notwithstanding the foregoing, the financial statements, information and other documents required to be provided as described above
(including the financial statements, reports and other information referred to in Sections 4.03(a)(i) through (iii)), may be those of Holding rather than the Company; provided, however, that the same is accompanied by consolidating
information that explains in reasonable detail the differences between the information relating to Holding and its Restricted Subsidiaries, on the one hand, and the information relating to the Company and its Restricted Subsidiaries, on the other
hand. 
 (f) So long as any Notes are outstanding, within 15 Business Days after making the annual and quarterly information set forth in
Sections 4.03(a)(i)(A) and (B) and Sections 4.03(a)(ii)(A) and (B) above available to Holders, the Company will hold a conference call for Holders of the Notes, prospective investors and market makers to discuss such reports and the
results of operations for the relevant period. Within three Business Days prior to such conference calls, the Company will use commercially reasonable efforts to inform Holders of such calls. Access to such conference calls may be password-protected
so long as the Company takes commercially reasonable steps to provide Holders, prospective investors and market makers with access to such calls. 

(g) In addition, with respect to resales of the notes and so long as the notes are not freely transferable under the Securities Act, the
Company shall furnish to holders and their designated prospective purchasers, upon their request, any information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 

(h) Delivery of the reports, information and documents to the Trustee pursuant to this Section 4.03 is for informational purposes only and
the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuers’ compliance with any of their covenants hereunder (as to
which the Trustee is entitled to rely exclusively on Officer’s Certificates). 

  
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 Section 4.04. Compliance Certificate. 

(a) The Issuers shall deliver to the Trustee, within 120 days after the end of each Fiscal Year, beginning with the end of the current Fiscal
Year, an Officer’s Certificate stating that a review of the activities of the Issuers, the Guarantors (if any) and their respective Subsidiaries during the preceding Fiscal Year has been made under the supervision of the signing Officer with a
view to determining whether the Issuers, the Guarantors (if any) and their respective Subsidiaries have kept, observed, performed and fulfilled their obligations under this Indenture, and further stating, as to each such Officer signing such
certificate, that to the best of his or her knowledge the Issuers, the Guarantors (if any) and their respective Subsidiaries have kept, observed, performed and fulfilled each and every covenant contained in this Indenture and are not in default in
the performance or observance of any of the terms, provisions and conditions of this Indenture (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and
what action the Issuers are taking or propose to take with respect thereto) and that to the best of his or her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of, premium, if any, or
interest on the Notes is prohibited or if such event has occurred, a description of the event and what action the Issuers are taking or propose to take with respect thereto. 

(b) The Issuers shall otherwise comply with TIA §314(a)(2). 

(c) The Issuers shall provide written notice to the Trustee within five Business Days of the date they become aware of the occurrence of any
Default. 
 (d) The Issuers shall provide written notice to the Trustee of any change in the Company’s Fiscal Year. 

Section 4.05. Taxes. 

The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments and governmental
levies, except such as are being contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders. 

Section 4.06. Stay, Extension and Usury Laws. 

The Issuers covenant (to the extent that they may lawfully do so) that they shall not at any time insist upon, plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Issuers (to the extent that
it may lawfully do so) hereby expressly waive all benefit or advantage of any such law, and covenants that they shall not by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer
and permit the execution of every such power as though no such law has been enacted. 
 Section 4.07. Corporate
Existence. 
 Subject to Articles 5 and 10 hereof, each of the Issuers shall do or cause to be done all things necessary to preserve
and keep in full force and effect (i) its limited liability company or corporate existence, as the case may be, and the corporate, limited liability company, partnership or other existence of each Restricted Subsidiary, in accordance with the
respective organizational documents (as the same may be amended from time to time) of each of the Issuers or any such Restricted Subsidiary and (ii) the rights (charter and statutory), licenses and franchises of each of the Issuers and their
Restricted Subsidiaries; provided, however, that the Issuers shall not be required to preserve any such right, license or franchise, or the corporate, limited liability company, partnership or other existence of any Restricted Subsidiary, if
the Company shall determine that the preservation thereof is no longer desirable in the conduct 

  
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of the business of the Company and its Restricted Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders of the Notes, or that such
preservation is not necessary in connection with any transaction not prohibited by this Indenture. 
 Section 4.08.
[Reserved]. 
 Section 4.09. Limitation on Indebtedness. 

(a) The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, create, issue, incur, assume, guarantee or
otherwise in any manner become directly or indirectly liable for, contingently or otherwise (collectively, “incur”), any Indebtedness (including any Acquired Indebtedness), unless (i) such Indebtedness is incurred by an
Issuer or any Restricted Subsidiary (other than Holding and its Subsidiaries) or constitutes Acquired Indebtedness of the Company or a Restricted Subsidiary (other than Holding and its Subsidiaries) and, in each case, the Company’s Consolidated
Fixed Charge Coverage Ratio for the most recent four full fiscal quarters for which internal consolidated financial statements are available immediately preceding the incurrence of such Indebtedness taken as one period is at least equal to or
greater than 2.0:1.0 or (ii) such Indebtedness is incurred by Holding or any of its Restricted Subsidiaries or constitutes Acquired Indebtedness of Holding or any of its Restricted Subsidiaries and, in each case, Holding’s Consolidated
Fixed Charge Coverage Ratio for the most recent four full fiscal quarters for which internal consolidated financial statements are available immediately preceding the incurrence of such Indebtedness taken as one period is at least equal to or
greater than 2.0:1.0. 
 (b) Notwithstanding the foregoing, the Company and the Restricted Subsidiaries may incur the following
(collectively, the “Permitted Indebtedness”): 
 (i) Indebtedness of the Company or any
Restricted Subsidiary incurred under this clause (i) under any Credit Facility in an aggregate principal amount at any one time outstanding not to exceed the greater of: 

(A) $150.0 million, less, without duplication, any permanent repayment thereof or permanent reduction in commitments
thereunder, in either case, from the proceeds of one or more Asset Sales which are used to repay a Credit Facility pursuant to Section 4.12(b)(1) hereof or 

(B) at the time of any incurrence (i) 85% of accounts receivable of the Company and its Restricted Subsidiaries as of the
end of the most recently ended fiscal quarter for which internal consolidated financial statements are available, plus (ii) 65% of inventory of the Company and its Restricted Subsidiaries as of the end of the most recently ended fiscal quarter
for which internal consolidated financial statements are available, in each case on a pro forma basis to give effect to any acquisition after such balance sheet date and on or prior to such date of incurrence; 

(ii) Indebtedness pursuant to the Initial Notes or any PIK Notes issued from time to time in respect of any PIK Payment in
accordance with the terms of this Indenture and any Guarantee with respect to the foregoing; 
 (iii) Indebtedness
(including, without limitation, the OpCo Notes) of the Company or any Restricted Subsidiary outstanding on the Issue Date (excluding Indebtedness referred to in clause (i) or (ii) of this definition of “Permitted Indebtedness”);

 (iv) Indebtedness of the Company or a Restricted Subsidiary owing to the Company or a Restricted Subsidiary; provided that
(A) any Indebtedness of the Issuers or a Guarantor owing to a Restricted Subsidiary that is not an Issuer or a Guarantor incurred after the Issue Date is unsecured and is subordinated in right of payment to the Notes or the Guarantee of such
Guarantor, as the case may be, and (B) any disposition or transfer of any such Indebtedness to a Person (other than to the Company or a Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted Lien) shall be deemed to
be an incurrence of such Indebtedness not permitted by this clause (iv); 

  
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 (v) guarantees by the Company or any Restricted Subsidiary of Indebtedness of the
Company or any of its Restricted Subsidiaries (other than guarantees by an Issuer or any Guarantor of Acquired Indebtedness incurred in reliance on paragraph (a) of this Section of any Person that does not become a Guarantor that is acquired by
the Company or any Restricted Subsidiary other than guarantees of such Acquired Indebtedness by any other Person so acquired in connection therewith) which Indebtedness is permitted to be incurred by another provision of this covenant; 

(vi) Indebtedness of the Company or any Restricted Subsidiary pursuant to any: 

(A) Interest Rate Agreements, 

(B) Commodity Price Protection Agreements, and 

(C) Currency Agreements; 

(vii) Indebtedness of the Company or any Restricted Subsidiary represented by Capital Lease Obligations or Purchase Money
Obligations or other Indebtedness in connection with the acquisition or development of real or personal, movable or immovable, property, in each case incurred for the purpose of financing or refinancing all or any part of the purchase price or cost
of construction or improvement of property used in the business of the Company or such Restricted Subsidiary (and including all refinancing Indebtedness incurred to refinance any Indebtedness incurred pursuant to this clause (vii)), in an aggregate
principal amount not to exceed 10% of the Consolidated Net Tangible Assets of the Company at any time outstanding; 
 (viii)
Indebtedness of the Company or any of its Restricted Subsidiaries (A) consisting of cash management obligations, (B) in connection with surety, performance, appeal or similar bonds, completion guarantees, or similar instruments entered
into in the ordinary course of business or in connection with letters of credit or other obligations in respect of property, casualty or liability insurance, self-insurance, workers’ compensation obligations or similar arrangements or
(C) consisting of the financing of insurance premiums or take-or-pay obligations contained in supply arrangements, in each case incurred in the ordinary course of business; 

(ix) Indebtedness of the Company or any of its Restricted Subsidiaries arising from the honoring by a bank or other financial
institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts such amount need not be inadvertent) drawn against insufficient funds in the ordinary course of business; provided, however,
that such Indebtedness is extinguished within five Business Days of receipt by the Company or any Restricted Subsidiary of notice of such insufficient funds; 

(x) Indebtedness of the Company or any Restricted Subsidiary arising from agreements for indemnification or purchase price
adjustment obligations or similar obligations, or from guarantees or letters of credit, surety bonds or performance bonds securing any obligation of the Company or a Restricted Subsidiary pursuant to such an agreement, in each case, incurred or
assumed in connection with the acquisition or disposition of any business, assets or properties; 
 (xi) any renewals,
extensions, substitutions, refundings, refinancing or replacements (collectively, a “refinancing”) of any Indebtedness incurred pursuant to Section 4.09(a) hereof and clauses (ii), (iii) and (xiv) of this definition of
“Permitted Indebtedness,” including any successive refinancing thereof; provided that Indebtedness of the Issuers or a Guarantor may only be refinanced with Indebtedness of the Issuers or a Guarantor and the aggregate principal
amount of Indebtedness refinanced may not be increased by such refinancing except by an amount equal to the lesser of (A) the stated amount of any premium or other payment contractually required to be paid in connection with such a refinancing
pursuant to the terms of the Indebtedness being refinanced or (B) the amount of premium or other payment actually paid at such time to refinance the Indebtedness, plus, in either case, the amount of accrued interest, fees and expenses of the
Issuers or a Guarantor incurred in connection with such refinancing; provided, further that (1) in the case of any refinancing of Indebtedness that is Subordinated Indebtedness, such new Indebtedness is made

  
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subordinated to the Notes or the Guarantee of the Guarantor, as the case may be, at least to the same extent as the Indebtedness being refinanced and (2) in the case of Pari Passu
Indebtedness or Subordinated Indebtedness, as the case may be, such refinancing does not reduce the Average Life to Stated Maturity of such Indebtedness; 

(xii) Indebtedness of the Company or any of its Restricted Subsidiaries supported by a letter of credit outstanding in reliance
on clause (i) above in a principal amount not in excess of the stated amount of such letter of credit; 
 (xiii)
Indebtedness of the Company and any Restricted Subsidiary to the extent the proceeds of such Indebtedness are deposited and used to defease, covenant defease or discharge the Notes as set forth in Article 8 or Article 12 hereof; 

(xiv) Indebtedness of the Company or any Restricted Subsidiaries to officers, directors, employees and consultants of the
Company and its Restricted Subsidiaries, their respective estates, spouses or former spouses, in each case to finance the purchase or redemption of Capital Stock of the Company to the extent permitted by Section 4.10(b)(9) hereof upon
termination, disability or death; 
 (xv) Indebtedness of the Company or any Restricted Subsidiary in addition to that set
forth in clauses (i) through (xiv) above, and any refinancing of such Indebtedness, so long as the aggregate principal amount of all such Indebtedness shall not exceed $30.0 million outstanding at any one time. 

(c) For purposes of determining compliance with this Section 4.09: 

(i) In the event that an item of Indebtedness meets the criteria of more than one of the categories of Permitted Indebtedness,
or is permitted to be incurred pursuant to Section 4.09(a) hereof, the Company will be permitted to classify all or a portion of such item of Indebtedness on the date of its incurrence, or subject to the following bullet, later reclassify all
or a portion of such item of Indebtedness, in any manner that complies with this covenant; 
 (ii) Indebtedness under the
Credit Agreement which was outstanding on March 9, 2012 will be deemed to have been incurred on the Issue Date under clause (i) of the definition of “Permitted Indebtedness” above, and the Company will not be permitted to
reclassify any portion of such Indebtedness thereafter; 
 (iii) Indebtedness permitted by this covenant need not be
permitted solely by reference to one provision permitting such Indebtedness but may be permitted in part by one such provision and in part by one or more other provisions of this covenant permitting such Indebtedness; 

(iv) Accrual of interest, accretion or amortization of original issue discount and the payment of interest on any Indebtedness
in the form of additional Indebtedness with the same terms, and the payment of dividends on any Redeemable Capital Stock or Preferred Stock in the form of additional shares of the same class of Redeemable Capital Stock or Preferred Stock will not be
deemed to be an incurrence of Indebtedness for purposes of this covenant; provided, in each such case, that the amount thereof as accrued is included in the Consolidated Fixed Charge Coverage Ratio of the Company; 

(v) With respect to any dollar-denominated restriction on the incurrence of Indebtedness denominated in a foreign currency, the
dollar-equivalent principal amount of such Indebtedness incurred pursuant thereto shall be calculated based on the relevant currency exchange rate in effect on the date that such Indebtedness was incurred; 

(vi) The outstanding principal amount of any particular Indebtedness shall be counted only once and any obligations arising
under any guarantee, Lien, letter of credit or similar instrument supporting such Indebtedness shall not be double counted; and 

  
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 (vii) The amount of Indebtedness issued at a price less than the amount of the
liability thereof shall be determined in accordance with GAAP. 
 Section 4.10. Limitation on Restricted Payments.

 (a) The Company will not, and will not cause or permit any Restricted Subsidiary to, directly or indirectly (each a
“Restricted Payment”): 
 (i) (declare or pay any dividend on, or make any distribution to
holders of, any of the Company’s Capital Stock (other than dividends or distributions payable solely in its Qualified Capital Stock or in options, warrants or other rights to acquire such Qualified Capital Stock); 

(ii) repurchase, redeem, defease, retire or otherwise acquire for value, directly or indirectly, any of the Capital Stock of
the Company or any direct or indirect parent company of the Company; 
 (iii) make any principal payment on, or repurchase,
redeem, defease, retire or otherwise acquire for value, prior to any scheduled principal payment, sinking fund payment or maturity, any Subordinated Indebtedness (other than (x) Indebtedness permitted under clause (4) of the definition of
“Permitted Indebtedness” or (y) Subordinated Indebtedness acquired in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of acquisition); 

(iv) declare or pay any dividend or distribution on any Capital Stock of any Restricted Subsidiary to any Person (other than
(a) dividends or distributions payable solely in Capital Stock of such Restricted Subsidiary or in options, warrants or other rights to acquire such Capital Stock, (b) to the Company or any of its Restricted Subsidiaries or
(c) dividends or distributions made by a Restricted Subsidiary on a pro rata basis to all holders of the Capital Stock of such Restricted Subsidiary); or 

(v) make any Investment (other than any Permitted Investments); 

unless: 
 (1) at
the time of and after giving effect to such proposed Restricted Payment, no Default or Event of Default shall have occurred and be continuing; 

(2) (i) in the case of any Restricted Payment by the Issuers or any of their Restricted Subsidiaries (other than Holding and
its Subsidiaries), at the time of and after giving effect to such Restricted Payment, the Company could incur $1.00 of additional Indebtedness (other than Permitted Indebtedness) under Section 4.09(a)(i) hereof and (ii) in the case of any
Restricted Payment by Holding or any of its Restricted Subsidiaries, at the time of and after giving effect to such Restricted Payment, BI-LO could incur $1.00 of additional Indebtedness (other than Permitted Indebtedness) under
Section 4.09(a)(ii) hereof; and 
 (3) after giving effect to the proposed Restricted Payment, the aggregate amount of
all such Restricted Payments (other than Permitted Payments set forth in clauses (2) through (10) and (12) through (15) of clause (b) below) declared (with respect to dividends) or made after the Issue Date does not exceed
the sum of: 
 (A) 50% of the aggregate Consolidated Net Income of the Company accrued on a cumulative basis during the
period beginning on July 11, 2013 and ending on the last day of the Company’s last fiscal quarter ending prior to the date of the Restricted Payment for which internal financial statements of Holding are available (or, if such aggregate
cumulative Consolidated Net Income shall be a loss, minus 100% of such loss); 
 (B) 100% of the aggregate Net Cash Proceeds
and the Fair Market Value (as determined in good faith by the Board of Directors of the Company or, if such Fair Market Value for any transaction exceeds $25.0 million, in writing by an Independent Financial Advisor) of property

  
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received after the Issue Date by the Company either (1) as capital contributions or (2) from the issuance or sale (other than to any of its Subsidiaries) of Qualified Capital Stock of
the Company or any options, warrants or rights to purchase such Qualified Capital Stock of the Company (except, in each case, to the extent such proceeds are used to purchase, redeem, defease, retire or otherwise acquire for value Capital Stock or
Subordinated Indebtedness as set forth in clause (2) or (3) of paragraph (b) below and excluding the Net Cash Proceeds from the issuance of Qualified Capital Stock financed, directly or indirectly, using funds borrowed from the
Company or any Subsidiary until and to the extent such borrowing is repaid); 
 (C) 100% of the aggregate Net Cash Proceeds
received after the Issue Date by the Company (other than from any of its Subsidiaries) upon the exercise of any options, warrants or rights to purchase Qualified Capital Stock of the Company (excluding the Net Cash Proceeds from the exercise of any
options, warrants or rights to purchase Qualified Capital Stock financed, directly or indirectly, using funds borrowed from the Company or any Subsidiary until and to the extent such borrowing is repaid); 

(D) the amount of reductions in the consolidated Indebtedness of the Company and its Restricted Subsidiaries upon conversion or
exchange of any such Indebtedness into or for Qualified Capital Stock of the Company; 
 (E) to the extent that any
Restricted Investment made by the Company or its Restricted Subsidiaries is sold (other than to the Company or a Restricted Subsidiary), or otherwise liquidated, repaid, repurchased or redeemed, in each case after the Issue Date, the lesser of
(i) the cash return of capital and the Fair Market Value (as determined in good faith by the Board of Directors of the Company or, if such Fair Market Value for any transaction exceeds $25.0 million, in writing by an Independent Financial
Advisor) of property received by the Company or a Restricted Subsidiary with respect to such Restricted Investment (less the cost of disposition, if any) and (ii) the initial amount of such Restricted Investment, to the extent such lesser
amount was not already included in Consolidated Net Income; 
 (F) in the case of the redesignation of an Unrestricted
Subsidiary as a Restricted Subsidiary after the Issue Date, the Fair Market Value (as determined in good faith by the Board of Directors of the Company or, if such Fair Market Value for any transaction exceeds $25.0 million, in writing by an
Independent Financial Advisor) of the Investment in such Unrestricted Subsidiary at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary, other than an Unrestricted Subsidiary to the extent the Investment in such
Unrestricted Subsidiary constituted a Permitted Investment; 
 (G) $25,000,000; and 

(H) any amount which previously qualified as a Restricted Payment that was not a Permitted Payment on account of any guarantee
entered into by the Company or any Restricted Subsidiary; provided that such guarantee has not been called upon and the obligation arising under such guarantee no longer exists. 

(b) The foregoing provisions shall not prohibit the following Restricted Payments (each a “Permitted Payment”): 

(1) the payment of any dividend or redemption of any Capital Stock or Subordinated Indebtedness within 60 days after the date
of declaration thereof or call for redemption, if at such date of declaration or call for redemption such payment or redemption was permitted by the provisions of paragraph (a) of this covenant (the declaration of such payment will be deemed a
Restricted Payment under paragraph (a) of this covenant as of the date of declaration, and the payment itself will be deemed to have been paid on such date of declaration and will not also be deemed a Restricted Payment under paragraph
(a) of this covenant) (it being understood that any Restricted Payment made in reliance on this clause (1) shall reduce the amount available for Restricted Payments pursuant to clause (a)(3) above only once); 

  
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 (2) Restricted Payments made in exchange for (including any such exchange
pursuant to the exercise of a conversion right or privilege in connection with which cash is paid in lieu of the issuance of fractional equity interests or scrip), or out of the Net Cash Proceeds of a substantially concurrent issuance and sale for
cash (other than to a Subsidiary) of, Qualified Capital Stock of the Company; provided that the Net Cash Proceeds from the issuance of such Qualified Capital Stock are excluded from clause (3)(B) of paragraph (a) of this Section
4.10; 
 (3) the repurchase, redemption, defeasance, retirement or other acquisition for value or payment of principal of any
Subordinated Indebtedness in exchange for, or out of the Net Cash Proceeds of, a substantially concurrent issuance and sale for cash (other than to any Subsidiary) of any Qualified Capital Stock of the Company; provided that the Net Cash Proceeds
from the issuance of such Qualified Capital Stock are excluded from clause (3)(B) of paragraph (a) of this Section 4.10; 

(4) the repurchase, redemption, defeasance, retirement, or other acquisition for value or payment of principal of any
Subordinated Indebtedness (other than Redeemable Capital Stock) (a “refinancing”) in exchange for, or out of the Net Cash Proceeds of, the substantially concurrent issuance of new Subordinated Indebtedness of the Company;
provided that any such new Subordinated Indebtedness: 
 (A) shall be in a principal amount that does not exceed the
principal amount so refinanced, plus the amount of premium or other payment reasonably determined as necessary to refinance the Indebtedness, plus the amount of accrued interest, fees and expenses of the Company incurred in connection with such
refinancing; 
 (B) has an Average Life to Stated Maturity equal to or greater than the remaining Average Life to Stated
Maturity of the Subordinated Indebtedness being refinanced; 
 (C) has a Stated Maturity for its final scheduled principal
payment no earlier than the Stated Maturity for the final scheduled principal payment of the Subordinated Indebtedness being refinanced; and 

(D) is expressly subordinated in right of payment to the Notes at least to the same extent as the Subordinated Indebtedness to
be refinanced; 
 (5) the repurchase of Capital Stock deemed to occur upon (a) exercise of stock or other equity options
to the extent that such Capital Stock represents a portion of the exercise price of such options and (b) the withholding of a portion of the Capital Stock granted or awarded to an optionee to pay taxes associated therewith; 

(6) the payment of cash in lieu of the issuance of fractional equity interests or scrip in connection with the exercise of
warrants, options or other securities convertible into or exercisable for Capital Stock of the Company; 
 (7) the
repurchase, redemption, defeasance, retirement or other acquisition for value of Redeemable Capital Stock of the Company or a Guarantor made by exchange for, or out of the Net Cash Proceeds of a substantially concurrent issuance and sale (other than
to a Subsidiary) of, Redeemable Capital Stock; 
 (8) so long as no Default or Event of Default exists or would occur,
payments or distributions to holders of Capital Stock pursuant to appraisal rights required under applicable law in connection with any consolidation, merger or transfer of assets, that complies with Section 5.01 hereof; 

(9) the repurchase, redemption, defeasance, retirement or other acquisition for value of Qualified Capital Stock of the
Company, or a Restricted Payment to pay for the repurchase, redemption, defeasance, retirement or other acquisition for value of Capital Stock of any of its direct or indirect parent companies, held by any future, present or former employee,
director or consultant of the Company, any of its Subsidiaries 

  
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or any of their respective direct or indirect parent companies pursuant to any management equity plan or equity option plan or any other management or employee benefit plan or agreement;
provided, however, that the aggregate Restricted Payments made under this clause (9) do not exceed in any calendar year $2.5 million (with unused amounts in any calendar year being carried over to the next two succeeding calendar
years subject to a maximum (without giving effect to the following proviso) of $5.0 million in any calendar year); provided further that such amount in any calendar year may be increased by an amount not to exceed: 

(A) the cash proceeds from the sale of Qualified Capital Stock of the Company and, to the extent contributed to the capital of
the Company, Capital Stock of any of the direct or indirect parent companies of the Company, in each case to members of management, directors or consultants of the Company, any of its Subsidiaries or any of their respective direct or indirect parent
companies that occurs after the Issue Date, to the extent the Net Cash Proceeds from the sale of such Capital Stock have not otherwise been applied to the payment of Restricted Payments by virtue of clause (3) of the preceding paragraph; plus

 (B) the cash proceeds of key man life insurance policies received by the Company or any of its Restricted Subsidiaries
after the Issue Date; less 
 (C) the amount of any Restricted Payments previously made with the cash proceeds set forth in
clauses (A) or (B) of this clause (9); 
 and provided further that cancellation of Indebtedness owing to the Company from members of
management of the Company and representing non-cash loans made by the Company to permit members of management to acquire Capital Stock of the Company, any of its Subsidiaries or its direct or indirect parent companies in connection with a repurchase
of Capital Stock of the Company or any of the Company’s direct or indirect parent companies will not be deemed to constitute a Restricted Payment for purposes of this covenant; 

(10) payments of dividends on Redeemable Capital Stock of the Company or any Restricted Subsidiary or Preferred Stock of a
Restricted Subsidiary issued in accordance with Section 4.09 hereof; 
 (11) the declaration and payment of dividends on
the Company’s common stock (or a Restricted Payment to any direct or indirect parent entity to fund a payment of dividends on such entity’s common stock), following the first public Equity Offering of such common stock after the Issue
Date, of up to 6% per annum of the Net Cash Proceeds received by (or, in the case of a Restricted Payment to a direct or indirect parent entity, contributed to the capital of) the Company in or from any such public Equity Offering; 

(12) Restricted Payments contemplated by the Offering Memorandum in connection with the Transactions not to exceed $459.0
million in the aggregate; 
 (13) the repurchase, redemption, defeasance, retirement or other acquisition for value of any
Subordinated Indebtedness following an Asset Sale or Change of Control pursuant to the provisions similar to those set forth in Sections 4.12 and 4.17 hereof at a purchase price not to exceed 100% of the principal amount thereof (or 101% in the case
of an offer as a result of a Change of Control) plus accrued and unpaid interest to the date of purchase; provided that the Company has previously made a Change of Control offer or Asset Sale Offer, as the case may be, with respect thereto
and all Notes tendered by Holders in connection therewith have been repurchased to the extent required by this Indenture; 

(14) the declaration and payment of dividends or the payment of other distributions by the Company or a Restricted Subsidiary
to, or the making of loans or advances to, any of their respective direct or indirect parent companies in amounts required for any direct or indirect parent companies to pay, in each case without duplication, 

  
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 (A) franchise and similar taxes, and other fees and expenses, required to
maintain such parent company’s existence as a corporation, limited liability company, partnership or other similar entity; 

(B) customary salary, bonus and other benefits payable to officers and employees of any direct or indirect parent company of
the Company to the extent such salaries, bonuses and other benefits are attributable to the ownership or operation of the Company and its Restricted Subsidiaries; 

(C) general corporate operating and overhead costs and expenses of any direct or indirect parent company of the Company to the
extent such costs and expenses are attributable to the ownership or operation of the Company and its Restricted Subsidiaries; 

(D) amounts payable to the Sponsor pursuant to the Sponsor Management Agreement as in effect on the Issue Date; 

(E) fees and expenses related to any equity or debt offering of such parent entity (whether or not successful); 

(F) cash payments in lieu of issuing fractional equity interests or scrip in connection with the exercise of warrants, options
or other securities convertible into or exchangeable for Capital Stock of any direct or indirect parent of the Company; and 

(15) the declaration and payment by the Company of Permitted Tax Distributions; and 

(16) other Restricted Payments in an amount not to exceed $10.0 million. 

(c) For clarity purposes, all payments made pursuant to clauses (2) through (10) and (12) through (15) of this paragraph
(b) shall not reduce the amount that would otherwise be available for Restricted Payments under paragraph (a) of this Section 4.10. 

(d) The amount of all Restricted Payments (other than cash) shall be the Fair Market Value, on the date of the Restricted Payment, of the
Restricted Investment proposed to be made or the property or securities proposed to be transferred or issued to or by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment (as determined in good faith by
the Board of Directors of the Company or, if such Fair Market Value for any transaction exceeds $25.0 million, in writing by an Independent Financial Advisor). 

Section 4.11. Limitation on Liens. 

The Company will not, and will not permit any of its Restricted Subsidiaries, directly or indirectly, to enter into, create, incur, assume or
suffer to exist any Liens of any kind, on or with respect to any of its properties other than Permitted Liens unless: 
 (i)
in the case of Liens securing Subordinated Indebtedness, the notes are secured by a Lien on such property that is senior in priority to such Liens; or 

(ii) in all other cases, the notes are equally and ratably secured. 

Any Lien created for the benefit of Holders of the Notes pursuant to this Section 4.11 shall be deemed automatically and unconditionally
released and discharged upon the release and discharge of each of the Liens triggering the obligation to secure the Notes. 

  
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 Section 4.12. Limitation on Sale of Assets. 

(a) The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, consummate an Asset Sale
unless (1) at least 75% of the consideration from such Asset Sale is received in cash, Cash Equivalents or Replacement Assets and (2) the Company or such Restricted Subsidiary receives consideration at the time of such Asset Sale at least
equal to the Fair Market Value of the Capital Stock or assets subject to such Asset Sale. 
 For purposes of clause (a)(1) of this
Section 4.12 only, the following will be deemed to be cash: 
 (A) the amount of any liabilities (other than
Subordinated Indebtedness) of the Company or any Restricted Subsidiary that is actually assumed by the transferee in such Asset Sale and from which the Company and the Restricted Subsidiaries are fully and unconditionally released (excluding any
liabilities that are incurred in connection with or in anticipation of such Asset Sale and contingent liabilities); 
 (B)
the amount of any notes, securities or other similar obligations received by the Company or any Restricted Subsidiary from such transferee that is converted, sold or exchanged within 180 days of the related Asset Sale by the Company or the
Restricted Subsidiaries into cash or Cash Equivalents in an amount equal to the Net Cash Proceeds realized upon such conversion, sale or exchange; and 

(C) the amount of any Designated Non-cash Consideration received by the Company or any of its Restricted Subsidiaries in the
Asset Sale; provided that the aggregate of such Designated Non-cash Consideration received in connection with Asset Sales (and still held) shall not exceed the greater of (x) $6.5 million and (y) 1.5% of Consolidated Net Tangible
Assets at any one time (with the Fair Market Value in each case being measured at the time received and without giving effect to subsequent changes in value). 

(b) All or a portion of an amount equal to the Net Cash Proceeds of any Asset Sale may be applied by the Company or a Restricted Subsidiary to
the extent the Company or such Restricted Subsidiary elects (or is required by the terms of any Indebtedness under the Credit Agreement or any Credit Facility): 

(i) to permanently repay (x) Pari Passu Indebtedness of the Company (other than Indebtedness owed to the Company or any of
its Restricted Subsidiaries) and, in the case of Indebtedness under a Credit Facility, to correspondingly reduce commitments with respect thereto or (y) Indebtedness of a Restricted Subsidiary and, in the case of Indebtedness under a Credit
Facility, to correspondingly reduce commitments with respect thereto; provided that, in the case of clause (x), if the Company shall so reduce Obligations under any Pari Passu Indebtedness that is not secured by a Lien permitted by this
Indenture, the Company will, equally and ratably (determined based upon the respective principal amounts of outstanding Notes and such Pari Passu Indebtedness), reduce Obligations under the Notes by, at its option, (A) redeeming Notes,
(B) making an offer (in accordance with the procedures for an Asset Sale Offer) to all Holders to purchase their Notes at a purchase price equal to 100% of the principal amount thereof; plus the amount of any accrued and unpaid interest
on the principal amount of Notes to be repurchased or (C) purchasing Notes through open market purchases (to the extent such purchases are at a price equal to or higher than 100% of the principal amount thereof) in a manner that complies with
this Indenture and applicable securities law, 
 (ii) to acquire (or enter into a legally binding agreement to acquire), all
or substantially all of the property and assets of, or a majority of the Voting Stock of, a Permitted Business; 
 (iii) to
make a capital expenditure; or 
 (iv) to invest the Net Cash Proceeds (or enter into a legally binding agreement to invest)
in Replacement Assets. 

  
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 (c) Pending the final application of any such Net Cash Proceeds, the Company and its Restricted
Subsidiaries may temporarily reduce Indebtedness or otherwise invest such Net Cash Proceeds in any manner that is not prohibited by this Indenture. If any such legally binding agreement to invest such Net Cash Proceeds is entered into and the
Company and its Restricted Subsidiaries shall have not consummated such investment (or a replacement investment) within 180 days of the date of such binding agreement or within 365 days of such Asset Sale, whichever is later, such Net Cash Proceeds
which were to be invested shall constitute part of Excess Proceeds. The amount of such Net Cash Proceeds not used or invested in accordance with the preceding clauses (i) through (iv) within 365 days (or such later number of days as
provided in the preceding sentence) of the Asset Sale constitutes “Excess Proceeds.” 

(d) When the aggregate amount of Excess Proceeds exceeds $10.0 million, within thirty days thereof, or earlier at the option of the Issuers,
the Issuers will make an offer (an “Asset Sale Offer”) to all Holders of Notes and to all holders of other Pari Passu Indebtedness containing provisions similar to those set forth in this Indenture with respect
to asset sales, in each case, equal to the Excess Proceeds. The offer price in any Asset Sale Offer will be equal to 100% of the principal amount of the Notes (and 100% of the principal amount or, if different, the accreted value of any Pari Passu
Indebtedness) plus accrued and unpaid interest to the date of purchase, and will be payable in cash. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Company and its Restricted Subsidiaries may use those Excess Proceeds
for any purpose not otherwise prohibited by this Indenture and such remaining amount shall not be added to any subsequent Excess Proceeds for any purpose under this Indenture. If the aggregate principal amount of the Notes and principal amount or,
if different, accreted value of Notes and other Pari Passu Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee will select the Notes and other Pari Passu Indebtedness, as the case may be, to be
purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in denominations of $2,000 or integral multiples of $1,000 in excess thereof shall be purchased or, in the case of PIK Notes, in
amounts of $1 or an integral multiple of $1 in excess thereof shall be purchased). Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. 

(e) Notwithstanding the foregoing, the Company will not be required to apply in accordance with this Section 4.12 any Excess Proceeds
received in respect of any Asset Sale by Holding, BI-LO or any of its Subsidiaries until such time as such entities are permitted in accordance with the terms of their Indebtedness to dividend or distribute an amount at least equal to such Excess
Proceeds to the Company. 
 (f) The Issuers will comply with the applicable tender offer rules, including Rule 14e-l under the Exchange Act,
and any other applicable securities laws or regulations in connection with an Asset Sale Offer. To the extent that the provisions of any securities laws or regulations conflict with the Asset Sale provisions of this Indenture, the Company, or the
applicable Restricted Subsidiary, will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Asset Sale provisions of this Indenture by virtue of such compliance. 

Section 4.13. Limitation on Dividend and Other Payment Restrictions Affecting Subsidiaries. 

(a) The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, create or otherwise cause
to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: 
 (1)
pay dividends or make any other distributions on its Capital Stock to the Company or any Restricted Subsidiary; 
 (2) pay
any Indebtedness owed to the Company or any other Restricted Subsidiary; 
 (3) make any Investment in the Company or any
other Restricted Subsidiary; or 
 (4) transfer any of its properties or assets to the Company or any other Restricted
Subsidiary. 
 (b) However, paragraph (a) will not prohibit any: 

  
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 (1) encumbrance or restriction pursuant to an agreement or instrument (including,
without limitation, the Credit Agreement (and related security documents), the Notes, this Indenture, the OpCo Notes Indenture (and related security documents)) in effect on the Issue Date or any agreement governing Indebtedness that contains
encumbrances and restrictions that are not materially more restrictive than those contained in this Indenture, the Credit Agreement (and related security documents) and the OpCo Notes Indenture (and related security documents); 

(2) encumbrance or restriction with respect to a Restricted Subsidiary that is not a Restricted Subsidiary on the Issue Date,
in existence at the time such Person becomes a Restricted Subsidiary and not incurred in connection with, or in contemplation of, such Person becoming a Restricted Subsidiary, provided that such encumbrances and restrictions are not applicable to
any Restricted Subsidiary or the properties or assets of any Restricted Subsidiary other than such Subsidiary which is becoming a Restricted Subsidiary or such Subsidiary’s Subsidiaries; 

(3) encumbrance or restriction pursuant to any agreement governing any Indebtedness represented by Capital Lease Obligations or
Purchase Money Obligations permitted to be incurred under Section 4.09 hereof; 
 (4) encumbrance or restriction
contained in any Acquired Indebtedness or other agreement of any Person or related to assets acquired (whether by merger, consolidation or otherwise) by the Company or any Restricted Subsidiaries, so long as such encumbrance or restriction
(A) was not entered into in contemplation of the acquisition, merger or consolidation transaction, and (B) is not applicable to any Person, or the properties or assets of any Person, other than the Person or such Person’s
Subsidiaries, or the property or assets of the Person or such Person’s Subsidiaries, so acquired; 
 (5) encumbrance or
restriction existing under applicable law, rule, regulation or order or any requirement of any regulatory body; 
 (6) in the
case of Section 4.13(a)(4) above, Liens securing Indebtedness otherwise permitted to be incurred under Section 4.11 hereof that limit the right of the debtor to dispose of the assets subject to such Liens; 

(7) customary non-assignment provisions in leases, licenses or contracts; 

(8) customary restrictions contained in (A) asset sale agreements that limit the transfer of such assets pending the
closing of such sale and (B) any other agreement for the sale or other disposition of a Restricted Subsidiary that restricts distributions by that Restricted Subsidiary pending its sale or other disposition; 

(9) customary restrictions imposed by the terms of shareholders’, partnership or joint venture agreements; provided,
however, that such restrictions do not apply to any Restricted Subsidiaries other than the applicable company, partnership or joint venture; 

(10) restrictions contained in Indebtedness of Restricted Subsidiaries permitted to be incurred under this Indenture, so long
as such restrictions or encumbrances are customary for Indebtedness of the type incurred and which the Board of Directors of the Company determines in good faith will not adversely affect the Issuers’ ability to make payments of principal or
interest on the Notes; 
 (11) restrictions on cash or other deposits or net worth imposed by customers or suppliers under
contracts entered into in the ordinary course of business; and 
 (12) encumbrance or restriction under any agreement that
amends, extends, renews, refinances or replaces the agreements containing the encumbrances or restrictions in the foregoing clauses (1) through (11), or in this clause (12); provided that the terms and conditions of any such encumbrances
or restrictions are no more restrictive in any material respect than those under or pursuant to the agreement evidencing the Indebtedness so extended, renewed, refinanced or replaced. 

  
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 Section 4.14. Limitation on Transactions with Affiliates. 

(a) The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, enter into any
transaction or series of related transactions (including, without limitation, the sale, purchase, exchange or lease of assets, property or services) with or for the benefit of any Affiliate of the Company (other than the Company or a Restricted
Subsidiary, including any Person that becomes a Restricted Subsidiary as a result of such transaction), unless: 
 (1) such
transaction or series of related transactions is on terms that are not materially less favorable to the Company or such Restricted Subsidiary, as the case may be, than those that would be available in a comparable transaction in arm’s-length
dealings with an unrelated third party; 
 (2) with respect to any transaction or series of related transactions involving
aggregate value in excess of $10.0 million, a resolution of the Board of Directors of the Company set forth in an Officer’s Certificate certifying that such transaction or series of related transactions complies with clause (1) of this
covenant and that such transaction or series of related transactions has been approved by a majority of the Board of Directors of the Company (including a majority of the Disinterested Directors, if there are any Disinterested Directors); and 

(3) with respect to any transaction or series of related transactions involving aggregate value in excess of $25.0 million, an
opinion as to the fairness to the Company or such Restricted Subsidiary of such transaction or series of related transactions from a financial point of view issued by an Independent Financial Advisor; 

provided, however, that this provision shall not apply to: 

(i) directors’ fees, consulting fees, employee salaries, bonuses or employment agreements, incentive arrangements,
compensation or employee benefit arrangements with any officer, director or employee of the Company or a Subsidiary of the Company, including under any equity option or equity incentive plans, customary indemnification arrangements with officers,
directors or employees of the Company or a Subsidiary of the Company, in each case entered into in the ordinary course of business; 

(ii) any Restricted Payments made in compliance with Section 4.10 hereof or any Permitted Investment in a Person that is
an Affiliate solely as a result of the Company’s and its Restricted Subsidiaries’ Investments in such Person; 

(iii) any issuance or sale of Qualified Capital Stock of the Company to Affiliates; 

(iv) transactions among the Company and/or any Restricted Subsidiary and/or any entity that is an Affiliate solely as a result
of any Investment by the Company and/or such Restricted Subsidiary in such entity; 
 (v) loans or advances to employees or
consultants of the Company in the ordinary course of business for bona fide business purposes of the Company and its Restricted Subsidiaries (including, without limitation, travel, entertainment and moving expenses) made in compliance with
applicable law; 
 (vi) any transactions undertaken pursuant to any agreements (including, without limitation, pursuant to
the Sponsor Management Agreement) in existence on the Issue Date and set forth in the Offering Memorandum and any renewals, replacements or modifications of such contracts (pursuant to new transactions or otherwise) on terms not materially less
favorable when taken as a whole to the Holders of the Notes than those in effect on the Issue Date; 

  
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 (vii) the existence of, or the performance by the Company or any of its
Restricted Subsidiaries of their obligations under the terms of, any stockholders’ or members’ agreement, principal investors’ agreement (including any registration rights agreement or purchase agreement related thereto) to which it
is a party as of the Issue Date and any similar agreements which it may enter into thereafter, provided, however, that the existence of, or the performance by the Company or any of its Restricted Subsidiaries of obligations under any future
amendment to any such existing agreement or under any similar agreement entered into after the Issue Date shall only be permitted by this clause (vii) to the extent that the terms of any such amendment or new agreement are not otherwise
materially disadvantageous to the Holders when taken as a whole; 
 (viii) the Transactions; 

(ix) transactions with Unrestricted Subsidiaries, customers, clients, suppliers, or purchasers or sellers of goods or services,
in each case in the ordinary course of business and otherwise in compliance with the terms of this Indenture which are fair to the Company and its Restricted Subsidiaries, in the reasonable determination of the Company’s Board of Directors or
the senior management thereof, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party; 

(x) payments by the Company or any of its Restricted Subsidiaries to the Sponsor made for any financial advisory, financing,
underwriting or placement services or in respect of other investment banking activities including, without limitation, in connection with acquisitions or divestitures which payments are approved in good faith by Disinterested Directors constituting
a majority of such Disinterested Directors; and 
 (xi) payments or loans (or cancellation of loans) to employees or
consultants of the Company or any of the Company’s direct or indirect parent companies or any Restricted Subsidiary and employment agreements, severance arrangements, equity option plans and other similar arrangements with such employees or
consultants which, in each case, are approved by a majority of directors of the Company in good faith. 
 Notwithstanding the foregoing
provisions of this Section 4.14, if and to the extent any action by BI-LO or any of its Subsidiaries that is a Restricted Subsidiary is not deemed to be an Affiliate Transaction (as defined in the OpCo Notes Indenture) under the OpCo Notes
Indenture, such action by BI-LO or such Subsidiary, as the case may be, shall not be deemed to be an Affiliate Transaction under this Indenture and, therefore, will not be subject to the provisions of this Section 4.14. 

Section 4.15. Future Guarantees. 

(a) After the Issue Date, the Company will cause each Restricted Subsidiary that guarantees any Indebtedness of the Company within ten business
days of the date on which such Restricted Subsidiary guarantees such Indebtedness to execute and deliver a supplemental indenture to this Indenture, substantially in the form of Exhibit E hereto, pursuant to which such Restricted Subsidiary will
unconditionally Guarantee, on a joint and several basis, the full and prompt payment of the principal of, premium, if any and interest on the Notes and all other obligations under this Indenture on the same terms and conditions as those set forth in
this Indenture. 
 (b) Each Guarantee will be limited to an amount not to exceed the maximum amount that can be guaranteed by that Restricted
Subsidiary without rendering the Guarantee, as it relates to such Restricted Subsidiary, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally. 

(c) Notwithstanding the foregoing, any Guarantee by a Restricted Subsidiary of the Notes shall provide by its terms that it shall be
automatically and unconditionally released and discharged upon: 

  
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 (1) such Subsidiary ceasing to constitute a Restricted Subsidiary in a
transaction that complies with this Indenture (whether upon a sale, exchange, transfer or disposition of Capital Stock in such Restricted Subsidiary (including by way of merger or consolidation), or the designation of such Restricted Subsidiary as
an Unrestricted Subsidiary), or the sale or disposition of all or substantially all of the properties and assets of such Guarantor made in compliance with this Indenture; 

(2) satisfaction and discharge of this Indenture as set forth in Article 12 hereof; 

(3) a Legal Defeasance or Covenant Defeasance as set forth in Article 8 hereof; or 

(4) such Subsidiary ceasing to be a guarantor of any other Indebtedness of the Company. 

Section 4.16. Limitation on Unrestricted Subsidiaries. 

(a) The Company may designate after the Issue Date any Subsidiary as an Unrestricted Subsidiary under this Indenture only if: 

(1) no Default shall have occurred and be continuing at the time of or after giving effect to such designation; 

(2) either (i) such Subsidiary has total assets of less than $1,000 or (ii) the Company would be permitted to make an
Investment at the time of designation (assuming the effectiveness of such designation) pursuant to Section 4.10 hereof in an amount (the “Designation Amount”) equal to the Fair Market Value of the Company’s and its
Restricted Subsidiaries’ Investments in such Subsidiary (including any guarantee of the obligations of such Unrestricted Subsidiary that will not be released concurrently with such designation but excluding any amounts attributable to
Investments made prior to the Issue Date); 
 (3) such Unrestricted Subsidiary does not own any Capital Stock in any
Restricted Subsidiary which is not simultaneously being designated an Unrestricted Subsidiary; 
 (4) such Unrestricted
Subsidiary is not liable, directly or indirectly, with respect to any Indebtedness other than Non-recourse Indebtedness, provided that an Unrestricted Subsidiary may provide a Guarantee for the Notes; 

(5) such Unrestricted Subsidiary is a Person with respect to which neither the Company nor any of its Restricted Subsidiaries
has any direct or indirect obligation (a) to subscribe for additional equity securities or (b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating results; and

 (6) such Unrestricted Subsidiary is not a party to any agreement, contract, arrangement or understanding at such time with
the Company or any Restricted Subsidiary unless the terms of any such agreement, contract, arrangement or understanding are not materially less favorable to the Company or such Restricted Subsidiary than those that might be obtained at the time from
Persons who are not Affiliates of the Company or, in the event such condition is not satisfied, the value of such agreement, contract, arrangement or understanding to such Unrestricted Subsidiary from and after the date of designation shall be
deemed a Restricted Payment. 
 (b) In the event of any such designation, the Company shall be deemed to have made an Investment pursuant to
Section 4.10 hereof for all purposes of this Indenture in an amount equal to the Designation Amount. For purposes of the foregoing, the designation of a Subsidiary of the Company as an Unrestricted Subsidiary shall be deemed to be the
designation of all of the Subsidiaries of such Subsidiary as Unrestricted Subsidiaries. Unless so designated as an Unrestricted Subsidiary, any Person that becomes a Subsidiary of the Company will be classified as a Restricted Subsidiary. 

(c) The Company may revoke any designation of a Subsidiary as an Unrestricted Subsidiary if: 

  
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 (1) no Default shall have occurred and be continuing at the time of and after
giving effect to such revocation; 
 (2) all Liens and Indebtedness of such Unrestricted Subsidiary outstanding immediately
following such revocation would, if incurred at such time, have been permitted to be incurred for all purposes of this Indenture; and 

(3) unless such redesignated Subsidiary shall not have any Indebtedness outstanding (other than Indebtedness that would be
Permitted Indebtedness), (x) if prior to such revocation the Company could incur $I.00 of additional Indebtedness (other than Permitted Indebtedness) pursuant to Section 4.09 hereof, immediately after giving effect to such proposed
revocation, and after giving pro forma effect to the incurrence of any such Indebtedness of such redesignated Subsidiary as if such Indebtedness was incurred on the date of the revocation, the Company could incur $1.00 of additional Indebtedness
(other than Permitted Indebtedness) pursuant to Section 4.09 hereof or (y) if prior to such revocation the Company could not incur $1.00 of additional Indebtedness (other than Permitted Indebtedness) pursuant to Section 4.09 hereof,
Holding’s Consolidated Fixed Charge Coverage Ratio does not decline as a result of such revocation. 
 (d) All designations and
revocations must be evidenced by a resolution of the Company’s Board of Directors delivered to the Trustee certifying compliance with the foregoing provisions. 

Section 4.17. Repurchase at the Option of Holders Upon a Change of Control. 

(a) Upon the occurrence of a Change of Control, the Issuers shall, within 30 days of a Change of Control (or, at the Issuers’ option,
prior to such Change of Control but after it is publicly announced), make an offer (the “Change of Control Offer”) pursuant to the procedures set forth in
Section 3.09 hereof, unless an Issuer has previously or concurrently mailed a notice of redemption with respect to all outstanding Notes as provided in Section 3.03 hereof. Each Holder shall have the right to accept such offer and require
the Issuers to repurchase all or any portion (in integral multiples of $1,000 except that no partial redemption will be permitted that would result in a Note having a remaining principal amount of less than $2,000 (or, in the case of PIK Notes, in
integral multiples of $1 except that no partial redemption will be permitted that would result in a PIK Note having a remaining principal amount of less than $1) of such Holder’s Notes pursuant to the Change of Control Offer at a purchase
price, in cash (the “Change of Control Amount”), equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest on the Notes repurchased, to the Purchase Date
(subject to the rights of Holders on relevant record dates to receive interest due on an Interest Payment Date). 
 (b) The Issuers will not
be required to make a Change of Control Offer upon a Change of Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a
Change of Control Offer made by the Issuers and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer. 

Section 4.18. Restrictions on Activities of the Co-Issuer. 

(a) The Co-Issuer will not: 

(1) incur any Indebtedness (including Acquired Indebtedness) other than its obligations under the Notes and any other
Indebtedness of the Company (including any guarantee thereof); 
 (2) create or suffer to exist any Lien (other than
Permitted Liens) upon any property or assets now owned or hereafter acquired, leased or licensed by it; 
 (3) engage in any
material business or activity or own any material assets other than performing obligations and activities incidental thereto under the Notes and any other Indebtedness of the Company; 

  
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 (4) consolidate with or merge with or into, or convey, transfer, lease or license
all or substantially all its assets to any Person; 
 (5) create or acquire any Subsidiary or make or own any Investment in
any Person; or 
 (6) fail to be a corporation under the laws of the state of Delaware. 

ARTICLE 5. 

SUCCESSORS 

Section 5.01. Merger, Consolidation and Sale of Assets. 

(a) No Issuer will, in a single transaction or through a series of related transactions, consolidate with or merge with or into any other
Person or sell, assign, convey, transfer, lease or otherwise dispose of all or substantially all of its properties and assets to any Person or group of Persons, unless at the time and after giving effect thereto: 

(1) either (A) such Issuer will be the continuing entity or (B) the Person formed by or surviving such consolidation
or merger or the Person which acquires by sale, assignment, conveyance, transfer, lease or disposition all or substantially all of the properties and assets of such Issuer and its Restricted Subsidiaries on a consolidated basis (the
“Surviving Entity”) (i) shall be a corporation, limited liability company or partnership duly organized and validly existing under the laws of the United States of America, any state thereof or the District of Columbia;
provided that there shall be an obligor or a co-obligor on the Notes that is a corporation and (ii) shall expressly assume by a supplemental indenture, in a form reasonably satisfactory to the Trustee, all the obligations of such Issuer
under the Notes and this Indenture, and the Notes and this Indenture will remain in full force and effect as so supplemented (and any Guarantees will be confirmed as applying to such Surviving Entity’s obligations); 

(2) no Default or Event of Default exists; 

(3) the Company (or the Surviving Entity if the Company is not the continuing obligor under this Indenture) could
(a) incur $1.00 of additional Indebtedness (other than Permitted Indebtedness) under Section 4.09 hereof; or (b) the Consolidated Fixed Charge Coverage Ratio of the Company or the Surviving Entity is equal to or greater than the
Company’s Consolidated Fixed Charge Coverage Ratio immediately prior to such transaction; 
 (4) at the time of the
transaction, if such Issuer is not the Surviving Entity, each Guarantor, if any, unless it is the other party to the transactions set forth above, will have by supplemental indenture confirmed that its Guarantee shall apply to the Surviving
Entity’s obligations under this Indenture and the Notes; and 
 (5) at the time of the transaction, such Issuer or the
Surviving Entity will have delivered, or caused to be delivered, to the Trustee, in form and substance reasonably satisfactory to the Trustee, an Officer’s Certificate and an opinion of counsel, each to the effect that such consolidation,
merger, transfer, sale, assignment, conveyance, transfer, lease or other transaction and the supplemental indenture in respect thereof comply with this Indenture and that all conditions precedent therein provided for relating to such transaction
have been complied with. 
 Notwithstanding the foregoing clause (a)(2) or (a)(3), (x) either Issuer may consolidate with, merge into
or transfer all or part of its properties and assets to the other Issuer; (y) any Restricted Subsidiary may consolidate with, merge into or transfer all or part of its properties and assets to another Restricted Subsidiary; and (z) either
Issuer may merge with an Affiliate that has no significant assets or liabilities and was formed solely for the purpose of changing such Issuer’s jurisdiction of organization to another state of the United States. 

  
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 For purposes of this covenant, the sale, lease, conveyance, assignment, transfer or other
disposition of all or substantially all of the properties and assets of one or more Restricted Subsidiaries of the Company, which properties and assets, if held by the Company instead of such Restricted Subsidiaries, would constitute all or
substantially all of the properties and assets of the Company on a consolidated basis, shall be deemed to be the sale, lease, conveyance, assignment, transfer or other disposition of all or substantially all of the properties and assets of the
Company. 
 Section 5.02. Surviving Entity Substituted. 

The Surviving Entity shall succeed to, and be substituted for, and may exercise every right and power of, each of the Issuers under this
Indenture, and the predecessor entity shall be discharged from all obligations and covenants under this Indenture and the Notes; provided, however, that the predecessor entity shall not be released from any of the obligations or
covenants under this Indenture, including with respect to the payment of the Notes, in the case of a lease. 
 ARTICLE 6. 

DEFAULTS AND REMEDIES 

Section 6.01. Events of Default. 

An Event of Default will occur under this Indenture if: 

(1) there shall be a default in the payment of any interest on any Note when it becomes due and payable, and such default shall
continue for a period of 30 days; 
 (2) there shall be a default in the payment of the principal of (or premium, if any, on)
any Note at its Maturity (upon acceleration, optional redemption, required repurchase or otherwise); 
 (3) (a) there shall
be a default in the performance, or breach, of any covenant or agreement of an Issuer or any Guarantor under this Indenture (other than a default in the performance, or breach, of a covenant or agreement which is specifically dealt with in clause
(1) or (2) above or in clause (b), (c) or (d) of this clause (3)) and such default or breach shall continue for a period of 60 days (or 90 days in the case of a default or breach in respect of Section 4.03 hereof) after
written notice has been given, by certified mail, (1) to the Issuers by the Trustee or (2) to the Issuers and the Trustee by the Holders of at least 25% in aggregate principal amount of the outstanding Notes; (b) there shall be a
default in the performance or breach of Section 5.01 hereof; (c) the Issuers shall have failed to make or consummate an Asset Sale Offer in accordance with Section 4.12 hereof; or (d) the Issuers shall have failed to make or
consummate a Change of Control offer in accordance with Section 4.17 hereof; 
 (4) (a) any default in the payment of
the principal or premium, if any, on any Indebtedness when due under any of the agreements, indentures or instruments under which the Issuers, any Guarantor or any Restricted Subsidiary then has outstanding Indebtedness (other than Indebtedness owed
to the Issuers or a Restricted Subsidiary) in excess of $15.0 million (“Material Indebtedness”) and such default shall have continued after giving effect to any applicable grace period and shall not have been
cured or waived or (b) an event of default as defined in any of the agreements, indentures or instruments set forth in clause (a) of this clause (4) shall have occurred and the Material Indebtedness thereunder, if not already matured
at its final maturity in accordance with its terms, shall have been accelerated; 
 (5) any Guarantee of any Significant
Subsidiary or any group of Restricted Subsidiaries which collectively (as of the latest audited consolidated financial statements for the Company) would constitute a Significant Subsidiary shall for any reason cease to be, or shall for any reason be
asserted in writing by any Guarantor or the Issuers not to be, in full force and effect and enforceable in accordance with its terms, except to the extent permitted by this Indenture; 

  
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 (6) one or more final, non-appealable judgments or orders of any court or
regulatory or administrative agency for the payment of money in excess of $15.0 million (net of any amounts to the extent that they are covered by insurance), either individually or in the aggregate, shall be rendered against an Issuer, any
Guarantor or any Restricted Subsidiary which has not been discharged, fully bonded or stayed for a period of 60 consecutive days; 

(7) the Issuers or any of the Issuers’ Significant Subsidiaries or any group of Restricted Subsidiaries which collectively
(as of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law: 

(A) commences a voluntary case or gives notice of intention to make a proposal under any Bankruptcy Law; 

(B) consents to the entry of an order for relief against it in an involuntary case or consents to its dissolution or winding
up; 
 (C) consents to the appointment of a receiver, interim receiver, receiver and manager, liquidator, trustee or
custodian of it or for all or substantially all of its property; or 
 (D) makes a general assignment for the benefit of its
creditors. 
 (8) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(A) is for relief against the Issuers or any of the Issuers’ Significant Subsidiaries or any group of Restricted
Subsidiaries which collectively (as of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary in an involuntary case; or 

(B) appoints a receiver, interim receiver, receiver and manager, liquidator, trustee or custodian of the Issuers or any of the
Issuers’ Significant Subsidiaries or any group of Restricted Subsidiaries which collectively (as of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary
or for all or substantially all of the property of the Issuers or any of the Issuers’ Significant Subsidiaries or any group of Restricted Subsidiaries which collectively (as of the latest audited consolidated financial statements for the
Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary; or 
 (C) orders the liquidation of the
Issuers or any of the Issuers’ Significant Subsidiaries or any group of Restricted Subsidiaries which collectively (as of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries) would constitute a
Significant Subsidiary; 
 and such order or decree remains unstayed and in effect for 60 consecutive days. 

Section 6.02. Acceleration. 

(a) If an Event of Default specified in clause (7) or (8) of Section 6.01 hereof with respect to an Issuer occurs and is
continuing, then all the Notes shall automatically become and be due and payable immediately in an amount equal to the unpaid principal amount of and premium, if any, on the Notes, together with accrued and unpaid interest to the date the Notes
become due and payable, without any declaration or other act on the part of the Trustee or any Holder. Thereupon, the Trustee may, at its discretion, proceed to protect and enforce the rights of the Holders of Notes by appropriate judicial
proceedings. Holders may not enforce this Indenture or the Notes except as provided in this Indenture. 

  
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 (b) If an Event of Default (other than as specified in clause (7) or (8) of
Section 6.01 hereof with respect to an Issuer) shall occur and be continuing, the Trustee or the Holders of not less than 25% in aggregate principal amount of the Notes then outstanding may, and the Trustee at the request of such Holders shall,
declare all unpaid principal of, premium, if any, and accrued and unpaid interest on all Notes to be due and payable immediately, by a notice in writing to the Issuers (and to the Trustee if given by the Holders of the Notes) and upon any such
declaration, such principal, premium, if any, and interest shall become due and payable immediately. 
 (c) After a declaration of
acceleration, but before a judgment or decree for payment of the money due has been obtained by the Trustee, the Holders of a majority in aggregate principal amount of Notes outstanding by written notice to the Issuers and the Trustee, may rescind
and annul such declaration and its consequences if: 
 (1) the Issuers have paid or deposited with the Trustee a sum
sufficient to pay (A) all sums paid or advanced by the Trustee under this Indenture and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, (B) all overdue interest on all Notes then
outstanding, (C) the principal of and premium, if any, on any Notes then outstanding which have become due otherwise than by such declaration of acceleration and interest thereon at the rate borne by the Notes and (D) to the extent that
payment of such interest is lawful, interest upon overdue interest at the rate borne by the Notes; and 
 (2) all Events of
Default, other than the non-payment of principal of, premium, if any, and interest on the Notes which have become due solely by such declaration of acceleration, have been cured or waived as provided in this Indenture. 

No such rescission shall affect any subsequent default or impair any right consequent thereon. 

Section 6.03. Other Remedies. 

If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal, premium, if
any, and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 
 The Trustee may maintain a
proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the
right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies shall be cumulative to the extent permitted by law. 

Section 6.04. Waiver of Defaults. 

(a) The Holders of a majority in aggregate principal amount of the Notes outstanding may on behalf of the Holders of all outstanding Notes
waive any past default under this Indenture and its consequences, except a default (1) in the payment of the principal of, premium, if any, or interest on any Note (which may only be waived with the consent of each Holder of Notes affected) or
(2) in respect of a covenant or provision which under this Indenture cannot be modified or amended without the consent of the Holder of each Note affected by such modification or amendment. 

(b) Upon any waiver of a Default or Event of Default, such Default shall cease to exist, and any Event of Default arising therefrom shall be
deemed cured for every purpose of this Indenture but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon. 

Section 6.05. Control by Majority. 

Subject to the terms of Section 7.01 hereof (including the Trustee’s receipt of the security or indemnification set forth in clause
(e) of Section 7.01), in case an Event of Default shall occur and be continuing, the Holders of a majority in aggregate principal amount of the Notes then outstanding shall have the right to direct the time, method and place of conducting
any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Notes. 

  
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 Section 6.06. Limitation on Suits. 

(a) No Holder of any of the Notes will have any right to institute any proceedings with respect to this Indenture or any remedy thereunder,
unless: (1) such Holder has previously given notice to the Trustee of a continuing Event of Default; (2) the Holders of at least 25% in aggregate principal amount of the outstanding Notes have made written request to the Trustee to
institute proceedings in respect of such Event of Default in its own name as trustee under this Indenture and the Notes; (3) such Holder or Holders have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs,
expenses and liabilities to be incurred in compliance with such request; (4) the Trustee has failed to institute such proceeding within 60 days after receipt of such notice; and (5) the Trustee, within such 60-day period, has not received
directions inconsistent with such written request by Holders of a majority in aggregate principal amount of the outstanding Notes. 
 (b) A
Holder may not use this Indenture to affect, disturb or prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee has no affirmative duty to ascertain whether or not any
such use by any Holder is prejudicial to another Holder). 
 Section 6.07. Rights of Holders to Receive Payment.

 Notwithstanding any other provision of this Indenture (including Section 6.06), the right of any Holder to receive payment of
principal, premium, if any, and interest on the Notes held by such Holder, on or after the respective due dates expressed in the Notes (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on
or after such respective dates, shall not be impaired or affected without the consent of such Holder. 
 Section 6.08.
Collection Suit by Trustee. 
 If an Event of Default specified in Section 6.01(1) or (2) occurs and is
continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Issuers for the whole amount of principal of, premium, if any, and interest then due and owing (together with interest on
overdue principal and, to the extent lawful, interest) and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel. 
 Section 6.09. Trustee May File Proofs of Claim. 

The Trustee shall be authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have
the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Issuers (or any other
obligor upon the Notes), their creditors or their property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial proceeding
is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the extent that the payment of any such compensation, expenses, disbursements and
advances of the Trustee and its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by a Lien on, and
shall be paid out of, any and all distributions, moneys, securities and any other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise.
Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any
Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

  
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 Section 6.10. Priorities. 

If the Trustee collects any money pursuant to this Article 6, it shall pay out the money in the following order: 

First: to the Trustee, its agents and attorneys for amounts due under Section 7.07 hereof, including payment of all
compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

Second: to Holders for amounts due and unpaid on the Notes for principal, premium, if any, and interest ratably, without
preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest, respectively; and 

Third: to the Issuers or to such party as a court of competent jurisdiction shall direct. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.10. 

Section 6.11. Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted
by it as a Trustee, a court in its discretion may require the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and the court in its discretion may assess reasonable costs, including reasonable
attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 shall not apply to a suit by the Trustee, a suit by the
Issuers, a suit by a Holder pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Notes. 

ARTICLE 7. 

TRUSTEE 

Section 7.01. Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(1) the duties of the Trustee shall be determined solely by the express provisions of this Indenture and the Trustee need
perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, the Trustee shall examine the certificates and opinions to determine whether or not
they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 

  
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 (c) The Trustee may not be relieved from liabilities for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that: 
 (1) this paragraph does not limit the effect of
paragraph (b) of this Section; 
 (2) the Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the
Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof. 

(d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b) and (c) of this Section 7.01. 
 (e) No provision of this Indenture shall require the Trustee to expend or
risk its own funds or incur any liability. The Trustee shall be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless such Holder shall have offered to the Trustee security or
indemnity satisfactory to it against any loss, liability or expense. 
 (f) The Trustee shall not be liable for interest on any money
received by it except as the Trustee may agree in writing with the Issuers. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

Section 7.02. Rights of Trustee.  

Subject to TIA Section 315: 

(a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by
the proper Person. The Trustee need not investigate any fact or matter stated in any such document. 
 (b) Before the Trustee
acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or
Opinion of Counsel. The Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it
hereunder in good faith and in reliance thereon. 
 (c) The Trustee shall not be liable for any action it takes or omits to
take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 

(d) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Issuers shall
be sufficient if signed by an Officer of each of the Issuers. 
 (e) The Trustee shall not be deemed to have notice of any
Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a Default or Event of Default is received by a Responsible Officer of the Trustee at the
Corporate Trust Office of the Trustee from the Issuers or the Holders of 25% in aggregate principal amount of the outstanding Notes, and such notice references the specific Default or Event of Default, the Notes and this Indenture. 

(f) The Trustee shall not be required to give any bond or surety in respect of the performance of its power and duties
hereunder. 

  
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 (g) The Trustee shall have no duty to inquire as to the performance of the
Issuers’ covenants herein. 
 (h) The Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 

(i) In no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of
any kind whatsoever (including loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(j) The rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified,
are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

Section 7.03. Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuers or any
Affiliate of the Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for permission to continue
as Trustee (if this Indenture has been qualified under the TIA) or resign. Any Agent may do the same with like rights and duties. The Trustee shall also be subject to Sections 7.10 and 7.11 hereof. 

Section 7.04. Trustee’s Disclaimer. 

The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall
not be accountable for the Issuers’ use of the proceeds from the Notes or any money paid to the Issuers or upon the Issuers’ direction under any provision of this Indenture, it shall not be responsible for the use or application of any
money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture
other than its certificate of authentication. 
 Section 7.05. Notice of Defaults. 

If a Default or Event of Default occurs and is continuing and if it is known to the Trustee, the Trustee shall mail to Holders a notice of the
Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as a committee
of the Board of Directors, the executive committee or a trust committee of directors or Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders. 

Section 7.06. Reports by Trustee to Holders. 

Within 60 days after each May 15 beginning with May 15, 2014, and for so long as Notes remain outstanding, the Trustee shall mail to
the Holders a brief report dated as of such reporting date that complies with TIA §313(a) (but if no event set forth in TIA §313(a) has occurred within the twelve months preceding the reporting date, no report need be transmitted). The
Trustee also shall comply with TIA §313(b)(2). The Trustee shall also transmit by mail all reports as required by TIA §313(c). 

A copy of each report at the time of its mailing to the Holders shall be mailed to the Issuers and filed with the SEC and each stock exchange
on which the Notes are listed in accordance with TIA §313(d). The Issuers shall promptly notify the Trustee when the Notes are listed on any stock exchange and any delisting thereof. 

  
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 Section 7.07. Compensation and Indemnity. 

The Issuers shall pay to the Trustee from time to time reasonable compensation for its acceptance of this Indenture and services hereunder. The
Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuers shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by
it in addition to the compensation for its services. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 

The Issuers, jointly and severally, shall indemnify the Trustee or any predecessor Trustee against any and all losses, claims,
damages, penalties, fines, liabilities or expenses, including incidental and out-of-pocket expenses and reasonable attorneys fees (for purposes of this Article, “losses”) incurred by it arising out of or in connection with
the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Issuers (including this Section 7.07) and defending itself against any claim (whether asserted by the
Issuers or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent such losses may be attributable to its willful misconduct, gross negligence or bad
faith. The Trustee shall notify the Issuers promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Issuers shall not relieve the Issuers of their obligations under this Section 7.07, to the extent the
Issuers have been prejudiced thereby. The Issuers shall defend the claim, and the Trustee shall cooperate in the defense. The Trustee may have separate counsel if the Trustee has been reasonably advised by counsel that (i) a conflict of
interest exists by reason of common representation or (ii) there may be one or more legal defenses available to it that are different from or additional to those available to the Issuers and in the reasonable judgment of such counsel it is
advisable for the Trustee to engage separate counsel, and in each case the Issuers shall pay the reasonable fees and expenses of such counsel. The Issuers need not pay for any settlement made without their consent, which consent shall not be
unreasonably withheld. The Issuers need not reimburse any expense or indemnify against any loss incurred by the Trustee through the Trustee’s own willful misconduct, gross negligence or bad faith. 

The obligations of the Issuers under this Section 7.07 shall survive the satisfaction and discharge of this Indenture, the resignation or
removal of the Trustee and payment in full of the Notes through the expiration of the applicable statute of limitations. 
 To secure the
Issuers’ payment obligations in this Section, the Trustee shall have a Lien on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien
shall survive the satisfaction and discharge of this Indenture. 
 When the Trustee incurs expenses or renders services after an Event of
Default specified in Section 6.01(7) or (8) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any
Bankruptcy Law. 
 Section 7.08. Replacement of Trustee. 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s
acceptance of appointment as provided in this Section 7.08. 
 The Trustee may resign in writing at any time upon 30 days’ prior
notice to the Issuers and be discharged from the trust hereby created by so notifying the Issuers. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the
Issuers in writing. The Issuers may remove the Trustee if: 
 (a) the Trustee fails to comply with Section 7.10 hereof;

 (b) the Trustee is adjudged bankrupt or insolvent or an order for relief is entered with respect to the Trustee under any
Bankruptcy Law; 

  
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 (c) a custodian or public officer takes charge of the Trustee or its property; or

 (d) the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred
to herein as the retiring Trustee), the Issuers shall promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then outstanding Notes may appoint a
successor Trustee to replace the successor Trustee appointed by the Issuers. 
 If a successor Trustee does not take office within 30 days
after the retiring Trustee resigns or is removed, the retiring Trustee, the Issuers, or the Holders of at least 10% in aggregate principal amount of the then outstanding Notes may petition any court of competent jurisdiction for the appointment of a
successor Trustee. 
 If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply
with Section 7.10 hereof, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Issuers. Thereupon, the
resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee provided in this Indenture. The successor Trustee shall mail a notice of its succession to
Holders. Subject to the Lien provided for in Section 7.07 hereof, the retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee; provided, however, that all sums owing to the Trustee hereunder
shall have been paid. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Issuers’ obligations under Section 7.07 hereof shall continue for the benefit of the retiring Trustee. 

Section 7.09. Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation or banking association, the successor corporation or banking association without any further act shall, if such successor corporation or banking association is otherwise eligible hereunder, be the successor Trustee. 

Section 7.10. Eligibility; Disqualification. 

There shall at all times be a Trustee hereunder that is a Person organized and doing business under the laws of the United States of America or
of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least $50.0 million (or a
wholly-owned subsidiary of a bank or trust company, or of a bank holding company, the principal subsidiary of which is a bank or trust company having a combined capital and surplus of at least $50.0 million) as set forth in its most recent published
annual report of condition. 
 This Indenture shall always have a Trustee who satisfies the requirements of TIA §310(a)(1),
(2) and (5). The Trustee is subject to TIA §310(b). 
 Section 7.11. Preferential Collection of Claims Against
Issuers. 
 The Trustee is subject to TIA §311(a), excluding any creditor relationship listed in TIA §311(b). A Trustee who
has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein. 

  
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 ARTICLE 8. 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE  

Section 8.01. Option to Effect Legal Defeasance or Covenant Defeasance. 

The Issuers may, at their option and at any time, elect to have either Section 8.02 or 8.03 hereof be applied to all outstanding Notes
upon compliance with the conditions set forth in this Article 8. 
 Section 8.02. Legal Defeasance and Discharge.

 Upon the Issuers’ exercise under Section 8.01 of the option applicable to this Section 8.02, the Issuers shall, subject to
the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from their obligations with respect to all outstanding Notes on the date the conditions set forth below are satisfied (hereinafter,
“Legal Defeasance”) and each Guarantor shall be released from all of its obligations under its Guarantee. For this purpose, Legal Defeasance means that the Issuers shall be deemed to have paid and discharged the entire
Indebtedness represented by the outstanding Notes, which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in (1) and (2) below,
and to have satisfied all their other obligations under the Notes and this Indenture (and the Trustee, on demand of and at the expense of the Issuers, shall execute proper instruments acknowledging the same), except for the following provisions
which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of such outstanding Notes to receive payments in respect of the principal of, and premium, if any, and interest on, such Notes when such payments
are due from the defeasance trust; (2) the Issuers’ obligations under Sections 2.03, 2.04, 2.06, 2.07, 2.10 and 4.02 hereof; (3) the rights, powers, trusts, duties and immunities of the Trustee; and (4) this Article 8. If the
Issuers exercise under Section 8.01 hereof the option applicable to this Section 8.02, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, payment of the Notes may not be accelerated because of an Event of
Default. Subject to compliance with this Article 8, the Issuers may exercise their option under this Section 8.02 notwithstanding the prior exercise of their option under Section 8.03 hereof. 

Section 8.03. Covenant Defeasance. 

Upon the Issuers’ exercise under Section 8.01 of the option applicable to this Section 8.03, the Issuers shall,
subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from their obligations under the covenants contained in Sections 3.09, 4.03 and 4.09 through 4.18 hereof, and the operation of Section 5.01(a)(3),
with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.04 hereof are satisfied (hereinafter, “Covenant Defeasance”) and each Guarantor shall be released from all of its
obligations under its Guarantee with respect to such covenants in connection with such outstanding Notes and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of
Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes shall not be deemed outstanding for
accounting purposes to the extent permitted by GAAP). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes, the Issuers may omit to comply with and shall have no liability in respect of any term, condition or
limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and
such omission to comply shall not constitute a Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. If the Issuers exercise under
Section 8.01 hereof the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, payment of the Notes may not be accelerated because of an Event of Default specified in
any of Section 6.01(3) (with respect to the covenants contained in Sections 3.09, 4.03 and 4.09 through 4.18 hereof), Section 6.01(4), Section 6.01(5), Section 6.01(6), Section 6.01(7)
(with respect to Significant Subsidiaries only) and Section 6.01(8) (with respect to Significant Subsidiaries only). 

Section 8.04. Conditions to Legal or Covenant Defeasance. 

The following shall be the conditions to the application of either Section 8.02 or 8.03 to the outstanding Notes. 

  
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 Legal Defeasance or Covenant Defeasance may be exercised only if: 

(a) the Issuers irrevocably deposit with the Trustee, in trust (the “defeasance trust”), for the
benefit of the Holders, cash in U.S. dollars, non-callable U.S. Government Securities, or a combination of cash in U.S. dollars and non-callable U.S. Government Securities, in an amount sufficient, in the opinion of a nationally recognized firm of
independent public accountants or a nationally recognized investment banking firm, to pay and discharge the principal of, and premium, if any, and interest on, the outstanding Notes on the Stated Maturity or on the applicable redemption date, as the
case may be, and the Issuers shall specify whether the Notes are being defeased to maturity or to such particular redemption date, to the extent the Issuers have previously provided a notice of redemption with respect to the outstanding Notes on the
applicable redemption date; provided, however, that with respect to a redemption of all or any portion of the Notes, at once or over time, at any time prior to September 15, 2014 pursuant to paragraph 5 of the Notes and Section
3.07(b): 
 (i) the amount of funds in trust that the Issuers must irrevocably deposit or cause to be deposited shall be
determined using an assumed Applicable Premium calculated as of the date of deposit of such funds in trust; and 
 (ii) at
the time of deposit of such funds in trust, the funds in trust would be sufficient to pay and discharge the principal, premium, if any, and interest on the Notes on the applicable date of redemption with an assumed Applicable Premium calculated as
of the date of deposit of such funds in trust; and 
 (iii) the Issuers must irrevocably deposit or cause to be deposited
additional funds in trust, as necessary, on the applicable date of redemption, as required by Section 3.05, necessary to pay the Applicable Premium as determined on such date; 

(b) in the case of Legal Defeasance, the Issuers deliver to the Trustee an Opinion of Counsel in the United States confirming
that (i) the Issuers have received from, or there has been published by, the Internal Revenue Service a ruling or (ii) subsequent to the Issue Date, there has been a change in the applicable federal income tax law, in either case to the
effect that, and based thereon such Opinion of Counsel in the United States shall confirm that (subject to customary assumptions, qualifications and exclusions), the Holders of the outstanding Notes will not recognize income, gain or loss for
federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(c) in the case of Covenant Defeasance, the Issuers deliver to the Trustee an Opinion of Counsel in the United States to the
effect that (subject to customary assumptions, qualifications and exclusions) the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to
federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(d) no Default or Event of Default shall have occurred and be continuing on the date of such deposit (other than a Default or
Event of Default resulting from the incurrence of Indebtedness or other borrowing of funds or the grant of Liens securing such Indebtedness or other borrowing, all or a portion of the proceeds of which will be applied to such deposit); 

(e) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of or constitute a default under,
any material agreement or instrument (other than this Indenture) to which the Issuers or any Guarantor is a party or by which the Issuers or any Guarantor is bound; and 

  
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 (f) the Issuers deliver to the Trustee an Officer’s Certificate of the
Company and an Opinion of Counsel, each stating that all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 

Section 8.05. Deposited Cash and U.S. Government Securities to be Held in Trust; Other Miscellaneous Provisions.

 Subject to Section 8.06, all cash and non-callable U.S. Government Securities (including the proceeds thereof)
deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 in respect of the outstanding Notes shall be held in trust and applied
by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (or one of the Issuers, if acting as the Paying Agent) as the Trustee may determine, to the Holders of
all sums due and to become due thereon in respect of principal, premium, if any, and interest but such cash and securities need not be segregated from other funds except to the extent required by law. 

The Issuers shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable
U.S. Government Securities deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes.

 Section 8.06. Repayment to Issuers. 

The Trustee shall promptly, and in any event, no later than five (5) Business Days, pay to the Issuers after request therefor, any
excess money or non-callable U.S. Government Securities held with respect to the Notes at such time in excess of amounts required to pay any of the Issuers’ Obligations then owing with respect to the Notes; provided that, with respect to
such non-callable U.S. Government Securities, a nationally recognized firm of independent certified public accountants has expressed in a written certification delivered to the Trustee (which may be the certification delivered under
Section 8.04(a)) that such securities are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

Any cash or non-callable U.S. Government Securities deposited with the Trustee or any Paying Agent, or then held by the Issuers, in
trust for the payment of the principal, premium, if any, or interest on any Note and remaining unclaimed for one year after such principal, premium, if any, or interest has become due and payable shall be paid to the Issuers on their request or (if
then held by the Issuers) shall be discharged from such trust; and the Holder shall thereafter, as an unsecured creditor, look only to the Issuers for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such cash
and securities, and all liability of the Issuers as trustee thereof shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Issuers cause to
be published once, in The New York Times and The Wall Street Journal (national edition), notice that such cash and securities remain unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date
of such notification or publication, any unclaimed balance of such cash and securities then remaining shall be repaid to the Issuers. 

  
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 Section 8.07. Reinstatement. 

If the Trustee or Paying Agent is unable to apply any cash or non-callable U.S. Government Securities in accordance with
Section 8.02 or 8.03, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Issuers’ and the Guarantors’ (if any)
obligations under this Indenture, the Notes and the Guarantees (if any) shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 until such time as the Trustee or Paying Agent is permitted to apply all
such cash and securities in accordance with Section 8.02 or 8.03, as the case may be; provided, however, that, if the Issuers make any payment of principal of, premium, if any, or interest on any Note following the reinstatement of its
obligations, the Issuers shall be subrogated to the rights of the Holders to receive such payment from the cash and securities held by the Trustee or Paying Agent. 

ARTICLE 9. 

AMENDMENT, SUPPLEMENT AND WAIVER 

Section 9.01. Without Consent of Holders of Notes. 

Notwithstanding Section 9.02 of this Indenture, without the consent of any Holder, the Issuers (and any Guarantor and/or any other obligor
under the Notes) and the Trustee may modify or amend this Indenture, the Notes or the Guarantees (if any): 
 (1) to evidence
the succession of another Person to the Issuers or a Guarantor, and the assumption by any such successor of the covenants of the Issuers or such Guarantor in this Indenture, the Notes and any Guarantee in accordance with Section 5.01 hereof;

 (2) to add to the covenants of the Issuers, any Guarantor or any other obligor upon the Notes for the benefit of the
Holders or to surrender any right or power conferred upon the Issuers or any Guarantor or any other obligor upon the Notes, as applicable, in this Indenture, the Notes or any Guarantee; 

(3) to cure any ambiguity, or to correct or supplement any provision in this Indenture or the Notes which may be defective or
inconsistent with any other provision in this Indenture or the Notes; 
 (4) to make any other provisions with respect to
matters or questions arising under this Indenture or the Notes; provided that, in each case, such provisions shall not materially adversely affect the interest of the Holders of the Notes; 

(5) to add a Guarantor under this Indenture; 

(6) to evidence and provide the acceptance of the appointment of a successor Trustee under this Indenture; 

(7) in the event that the PIK Notes are issued in certificated form, to make appropriate amendments to this Indenture to
reflect an appropriate minimum denomination of certificated PIK Notes and appropriate minimum redemption amounts for certificated PIK Notes; 

(8) to provide for the issuance of Additional Notes or PIK Notes in accordance with this Indenture; or 

(9) in the sole discretion of the Issuers, to conform any provision of this Indenture or the Notes to the provisions of the
“Description of the Notes” contained in the Offering Memorandum to the extent such provision was intended to be a verbatim recital of a provision contained herein (as determined by the Board of Directors of the Company). 

  
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 Section 9.02. With Consent of Holders of Notes. 

Except as provided below in this Section 9.02, the Issuers, each Guarantor (if any) and the Trustee may modify or amend this Indenture,
the Notes and the Guarantees (if any) with the consent of the Holders of a majority in aggregate principal amount of the Notes, including Additional Notes and PIK Notes, if any, then outstanding, voting as a single class (including consents obtained
in connection with a purchase of or tender offer for the Notes), and, subject to Sections 6.04 and 6.07, any existing Default or Event of Default (except a continuing Default or Event of Default in (i) the payment of principal, premium, if any,
or interest on the Notes and (ii) in respect of a covenant or provision which under this Indenture cannot be modified or amended without the consent of the Holder of each Note affected by such modification or amendment) or compliance with any
provision of this Indenture or the Notes may be waived with the consent of the Holders of a majority in aggregate principal amount of the Notes, including Additional Notes and PIK Notes, if any, then outstanding voting as a single class (including
consents obtained in connection with a purchase of or tender offer for the Notes). 
 Without the consent of each Holder, a modification,
amendment or waiver under this Section 9.02 may not (with respect to any Notes held by a non-consenting Holder): 
 (1)
change the Stated Maturity of the principal of, or any installment of interest on, or change to an earlier date any redemption date of, or waive a default in the payment of the principal of, premium, if any, or interest on, any such Note or reduce
the principal amount thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or change the coin or currency in which the principal of any such Note or any premium or the interest thereon is payable, or impair the
right to institute suit for the enforcement of any such payment after the Stated Maturity thereof (or, in the case of redemption, on or after the redemption date) (in each case other than the provisions with respect to Sections 3.09, 4.12 and 4.17
hereof); 
 (2) reduce the percentage in principal amount of such outstanding Notes, the consent of whose Holders is required
for any such supplemental indenture, or the consent of whose Holders is required for any waiver or compliance with certain provisions of this Indenture; 

(3) modify any of the provisions relating to supplemental indentures requiring the consent of Holders or relating to the waiver
of past defaults or relating to the waiver of certain covenants, except to increase the percentage of such outstanding Notes required for such actions or to provide that certain other provisions of this Indenture cannot be modified or waived without
the consent of the Holder of each such Note affected thereby; 
 (4) amend or modify any of the provisions of this Indenture
in any manner which subordinates the Notes issued hereunder in right of payment to any other Indebtedness of the Issuers or which subordinates any Guarantee in right of payment to any other Indebtedness of the Guarantor issuing any such Guarantee;
or 
 (5) release any Guarantee except in compliance with the terms of this Indenture. 

The Issuers may, but shall not be obligated to, fix a record date for the purpose of determining the Persons entitled to consent to any
proposed modification, amendment or waiver. If a record date is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled to consent to such proposed modification, amendment or waiver, whether
or not such Holders remain Holders after such record date; provided that unless such consent shall have become effective by virtue of the requisite percentage having been obtained prior to the date which is 120 days after such record date,
any such consent previously given shall automatically and without further action by any Holder be cancelled and of no further effect. 

It shall not be necessary for the consent of the Holders under this Section 9.02 to approve the particular form of any supplemental
indenture effecting a proposed modification, amendment or waiver, but it shall be sufficient if such consent approves the substance thereof. 

  
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 After a modification, amendment or waiver under this Section 9.02 becomes effective, the
Issuers shall mail to the Holder of each Note affected thereby to such Holder’s address appearing in the Security Register a notice briefly describing the modification, amendment or waiver. Any failure of the Issuers to mail such notice, or any
defect therein, shall not, however, in any way impair or affect the validity of any such modification, amendment or waiver. 

Section 9.03. Compliance with Trust Indenture Act. 

Every modification or amendment to this Indenture, the Notes or the Guarantees shall be set forth in a supplemental indenture that complies
with the TIA as then in effect. 
 Section 9.04. Revocation and Effect of Consents. 

Until a modification, amendment, supplement or waiver becomes effective, a consent to it by a Holder is a continuing consent by the Holder of a
Note and every subsequent Holder of a Note or portion thereof that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such Holder or subsequent Holder may revoke the
consent as to its Note or portion thereof if the Trustee receives written notice of revocation before the date the modification, amendment or waiver becomes effective. A modification, amendment or waiver shall become effective in accordance with its
terms and thereafter shall bind every Holder. 
 Section 9.05. Notation on or Exchange of Notes. 

The Trustee may place an appropriate notation about a modification, amendment or waiver, or a supplemental indenture effecting the same, on any
Note thereafter authenticated. The Issuers in exchange for all Notes may issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate new Notes that reflect the modification,
amendment waiver or supplement. 
 Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of
such modification, amendment, waiver or supplement. 
 Section 9.06. Trustee to Sign Amendments, etc. 

The Trustee shall sign any supplemental indenture authorized pursuant to this Article 9 if the supplemental indenture does not adversely affect
the rights, duties, liabilities or immunities of the Trustee. In executing any supplemental indenture, the Trustee shall be entitled to receive and (subject to Section 7.01 hereof) shall be fully protected in relying upon an Officer’s
Certificate and an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture and that such supplemental indenture is the legal, valid and binding obligations of the Issuers and the
Guarantors (if any), enforceable against them in accordance with its terms, subject to customary exceptions and that such supplemental indenture complies with the provisions hereof (including Section 9.03 hereof). 

ARTICLE 10. 

GUARANTEES 

Section 10.01. Guarantee. 

If the Notes are Guaranteed pursuant to Section 4.15, each Guarantor shall, subject to this Article 10 and execution of a related
supplemental indenture to this Indenture substantially in the form of Exhibit E hereto, jointly and severally, unconditionally guarantee to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and
assigns: (a) the due and punctual payment of the principal of, premium, if any, and interest on the Notes, subject to any applicable grace period, whether at Stated Maturity, by acceleration, redemption or otherwise, the due and punctual
payment of interest on the overdue principal of and premium, if any, and, to the extent permitted by law, interest, and the due and punctual performance of all other obligations of the 

  
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Issuers to the Holders or the Trustee under this Indenture or any other agreement with or for the benefit of the Holders or the Trustee, all in accordance with the terms hereof and thereof; and
(b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that the same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at
Stated Maturity, by acceleration pursuant to Section 6.02 hereof, redemption or otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors shall be jointly and severally
obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

Each Guarantor hereby agrees that its obligations with regard to its Guarantee shall be joint and several, unconditional,
irrespective of the validity or enforceability of the Notes or the obligations of the Issuers under this Indenture, the absence of any action to enforce the same, the recovery of any judgment against the Issuers or any other obligor with respect to
this Indenture, the Notes or the Obligations of the Issuers under this Indenture or the Notes, any action to enforce the same or any other circumstances (other than complete performance) which might otherwise constitute a legal or equitable
discharge or defense of a Guarantor. Each Guarantor further, to the extent permitted by law, waives and relinquishes all claims, rights and remedies accorded by applicable law to guarantors and agrees not to assert or take advantage of any such
claims, rights or remedies, including but not limited to: (a) any right to require any of the Trustee, the Holders or the Issuers (each a “Benefited Party”), as a condition of payment
or performance by such Guarantor, to (1) proceed against either Issuer, any other guarantor (including any other Guarantor) of the Obligations under the Guarantees or any other Person, (2) proceed against or exhaust any security held from
the Issuers, any such other guarantor or any other Person, (3) proceed against or have resort to any balance of any deposit account or credit on the books of any Benefited Party in favor of the Issuers or any other Person, or (4) pursue
any other remedy in the power of any Benefited Party whatsoever; (b) any defense arising by reason of the incapacity, lack of authority or any disability or other defense of the Issuers including any defense based on or arising out of the lack
of validity or the unenforceability of the Obligations under the Guarantees or any agreement or instrument relating thereto or by reason of the cessation of the liability of the Issuers from any cause other than payment in full of the Obligations
under the Guarantees; (c) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of the principal; (d) any defense
based upon any Benefited Party’s errors or omissions in the administration of the Obligations under the Issuers, except behavior which amounts to bad faith; (e)(1) any principles or provisions of law, statutory or otherwise, which are or might
be in conflict with the terms of the Guarantees and any legal or equitable discharge of such Guarantor’s obligations hereunder, (2) the benefit of any statute of limitations affecting such Guarantor’s liability hereunder or the
enforcement hereof, (3) any rights to setoffs, recoupments and counterclaims and (4) promptness, diligence and any requirement that any Benefited Party protect, secure, perfect or insure any security interest or lien or any property
subject thereto; (f) notices, demands, presentations, protests, notices of protest, notices of dishonor and notices of any action or inaction, including acceptance of the Guarantees, notices of Default under the Notes or any agreement or
instrument related thereto, notices of any renewal, extension or modification of the Obligations under the Guarantees or any agreement related thereto, and notices of any extension of credit to the Issuers and any right to consent to any thereof;
(g) to the extent permitted under applicable law, the benefits of any “One Action” rule and (h) any defenses or benefits that may be derived from or afforded by law which limit the liability of or exonerate guarantors or
sureties, or which may conflict with the terms of the Guarantees. Except to the extent expressly provided herein, including Sections 8.02, 8.03 and 10.05, each Guarantor hereby covenants that its Guarantee shall not be discharged except by complete
performance of the obligations contained in its Guarantee and this Indenture. 
 If any Holder or the Trustee is required by
any court or otherwise to return to the Issuers, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuers or the Guarantors, any amount paid by either to the Trustee or such Holder, this
Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect. 
 Each Guarantor agrees that it shall not be
entitled to any right of subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one
hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Section 6.02 hereof for the purposes of this Guarantee, notwithstanding any stay, injunction
or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby and (y) in the event of any declaration of acceleration of such 

  
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obligations as provided in Section 6.02 hereof, such obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantors for the purpose of this Guarantee.
The Guarantors shall have the right to seek contribution from any non-paying Guarantor in an amount equal to such other Guarantor’s pro rata portion of such payment based on the net assets of all the Guarantors at the time of such payment in
accordance with GAAP, so long as the exercise of such right does not impair the rights of the Holders under the Guarantee. 

Section 10.02. Limitation on Guarantor Liability. 

(a) Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirm that it is the intention of all such parties that the guarantee
of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any
Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that each Guarantor’s liability shall be that amount from time to time equal to the aggregate liability of such Guarantor
under the Guarantee, but shall be limited to the lesser of (a) the aggregate amount of the Issuers’ obligations under the Notes and this Indenture or (b) the amount, if any, which would not have (1) rendered the Guarantor
“insolvent” (as such term is defined in the Federal Bankruptcy Code and in the Debtor and Creditor Law of the State of New York) or (2) left it with unreasonably small capital at the time its Guarantee was entered into, after giving
effect to the incurrence of existing Indebtedness immediately before such time; provided, however, it shall be a presumption in any lawsuit or proceeding in which a Guarantor is a party that the amount guaranteed pursuant to the Guarantee is
the amount set forth in clause (a) above unless any creditor, or representative of creditors of the Guarantor, or debtor in possession or trustee in bankruptcy of the Guarantor, otherwise proves in a lawsuit that the aggregate liability of the
Guarantor is limited to the amount set forth in clause (b). 
 (b) In making any determination as to the solvency or sufficiency of capital
of a Guarantor in accordance with the proviso of Section 10.2(a), the right of each Guarantor to contribution from other Guarantors and any other rights such Guarantor may have, contractual or otherwise, shall be taken into account. 

Section 10.03. Execution and Delivery of Notation of Guarantee. 

To evidence its Guarantee set forth in Section 10.01, each Guarantor hereby agrees that a notation of such Guarantee in substantially the
form included in Exhibit D attached hereto shall be endorsed by an Officer of such Guarantor on each Note authenticated and delivered by the Trustee and that this Indenture shall be executed on behalf of such Guarantor by its President or one of its
Vice Presidents. 
 Each Guarantor hereby agrees that its Guarantee set forth in Section 10.01 shall remain in full force and effect
notwithstanding any failure to endorse on each Note a notation of such Guarantee. 
 If an Officer whose signature is on this Indenture or
on the notation of Guarantee no longer holds that office at the time the Trustee authenticates the Note on which a notation of Guarantee is endorsed, the Guarantee shall be valid nevertheless. 

The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Guarantee set forth
in this Indenture on behalf of the Guarantors. 
 The Issuers hereby agree that they shall cause each Person that becomes obligated to
provide a Guarantee pursuant to Section 4.15 to execute a supplemental indenture substantially in the form of Exhibit E hereto, pursuant to which such Person provides the Guarantee set forth in this Article 10 and otherwise assumes the
obligations and accepts the rights of a Guarantor under this Indenture, in each case with the same effect and to the same extent as if such Person had been named herein as a Guarantor. The Issuers also hereby agree to cause each such new Guarantor
to evidence its Guarantee by endorsing a notation of such Guarantee on each Note as provided in this Section 10.03. 

  
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 Section 10.04. Guarantors May Consolidate, etc., on Certain Terms. 

(a) Each Guarantor will not, and the Company will not permit a Guarantor that is a Subsidiary to, in a single transaction or through a series
of related transactions, consolidate with or merge with or into any other Person (other than the Issuers or any other Guarantor) or sell, assign, convey, transfer, lease or otherwise dispose of all or substantially all of its properties and assets
to any Person or group of Persons (other than the Issuers or any other Guarantor), unless at the time and after giving effect thereto: 

(1) (A) either (i) the Guarantor will be the continuing entity in the case of a consolidation or merger involving the
Guarantor or (ii) the Person formed by or surviving such consolidation or merger or the Person which acquires by sale, assignment, conveyance, transfer, lease or disposition all or substantially all of the properties and assets of the Guarantor
on a consolidated basis (the “Surviving Guarantor Entity”) will be a corporation, limited liability company, limited liability partnership, partnership or trust duly organized and validly existing under the laws of the United
States of America, any state thereof or the District of Columbia, unless such Guarantor is a Foreign Subsidiary, and such Person expressly assumes, by a supplemental indenture, in a form reasonably satisfactory to the Trustee, all the obligations of
such Guarantor under its Guarantee of the Notes and this Indenture, and such Guarantee and this Indenture will remain in full force and effect; 

(B) after giving effect to such transaction, no Default or Event of Default exists; and 

(C) at the time of the transaction such Guarantor or the Surviving Guarantor Entity will have delivered, or caused to be
delivered, to the Trustee, in form and substance reasonably satisfactory to the Trustee, an Officer’s Certificate and an Opinion of Counsel, each to the effect that such consolidation, merger, transfer, sale, assignment, conveyance, lease or
other transaction and any supplemental indenture in respect thereof comply with this Indenture and that all conditions precedent therein provided for relating to such transaction have been complied with. 

(2) the transaction is made in compliance with Section 4.12 hereof. 

(b) In case of any such consolidation, merger, sale or other disposition and upon the assumption by the Surviving Guarantor Entity, by
supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Guarantor,
such Surviving Guarantor Entity shall succeed to and be substituted for, and may exercise every right and power of, the Guarantor with the same effect as if it had been named herein as a Guarantor, and except in the case of a lease such Guarantor
shall be discharged from all obligation and covenants under this Indenture, the Notes and its Guarantee. Such Surviving Guarantor Entity thereupon may cause to be signed any or all of the notations of Guarantees to be endorsed upon all of the Notes
issuable hereunder which theretofore shall not have been signed by each of the Issuers and delivered to the Trustee. All the Guarantees so issued shall in all respects have the same legal rank and benefit under this Indenture as the Guarantees
theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Guarantees had been issued at the date of the execution hereof. 

(c) Except as set forth in Articles 4 and 5, and notwithstanding clauses (a) and (b) above, nothing contained in this Indenture or in
any of the Notes shall prevent any consolidation or merger of a Guarantor with or into the Company or another Guarantor, or shall prevent any sale or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to the
Issuers or another Guarantor. 
 Section 10.05. Releases Following Merger, Consolidation or Sale of Assets, Etc.

 The Guarantee of any Guarantor shall be automatically and unconditionally released and discharged upon and subject to the conditions set
forth in Section 4.15(c) hereof. Upon delivery by the Issuers to the Trustee of an Officer’s Certificate and an Opinion of Counsel to the effect that such release was effected in accordance with the provisions of this Indenture, the
Trustee shall execute any documents reasonably requested by the Issuers in order to evidence such release. 

  
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 Any Guarantor not released from its obligations under its Guarantee shall remain liable for the
full amount of principal of and interest on the Notes and for the other obligations of any Guarantor under this Indenture as provided in this Article 10. 

ARTICLE 11.  

[RESERVED] 

ARTICLE 12. 

SATISFACTION AND DISCHARGE 

Section 12.01. Satisfaction and Discharge. 

This Indenture shall be discharged and shall cease to be of further effect, except as provided in the last paragraph of this
Section 12.01, as to all Notes issued hereunder, when: 
 (a) either: 

(i) all Notes that have been previously authenticated and delivered (except lost, stolen or destroyed Notes that have been
replaced or paid and Notes for whose payment money has previously been deposited in trust or segregated and held in trust by the Issuers and is thereafter repaid to the Issuers or discharged from the trust) have been delivered to the Trustee for
cancellation; 
 (ii) all Notes that have not been previously delivered to the Trustee for cancellation, (A) have
become due and payable, (B) will become due and payable at their Stated Maturity within one year, or (C) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption
by the Trustee in the name, and at the expense, of the Issuers, and the Issuers or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust an amount in U.S. dollars, non-callable U.S. Government
Securities or a combination thereof, in such amounts as shall be sufficient without consideration of any reinvestment of interest, to pay and discharge the entire Indebtedness on the Notes not previously delivered to the Trustee for cancellation or
redemption for principal, premium, if any, and interest on the Notes to the date of deposit, in the case of Notes that have become due and payable, or to the Stated Maturity or redemption date, as the case may be; provided, however, that with
respect to a redemption of all or any portion of the Notes, at once or over time, at any time prior to September 15, 2014 pursuant to paragraph 5 of the Notes and Section 3.07(b): 

(I) the amount of funds in trust that the Issuers must irrevocably deposit or cause to be deposited shall be determined using
an assumed Applicable Premium calculated as of the date of deposit of such funds in trust; and 
 (II) at the time of deposit
of such funds in trust, the funds in trust would be sufficient to pay and discharge the principal, premium, if any, and interest on the Notes on the applicable date of redemption with an assumed Applicable Premium calculated as of the date of
deposit of such funds in trust; and 
 (III) the Issuers must irrevocably deposit or cause to be deposited additional funds
in trust, as necessary, on the applicable date of redemption, as required by Section 3.05, necessary to pay the Applicable Premium as determined on such date; 

in the case of either clause (i) or (ii): 

(w) after giving effect thereto, no Default or Event of Default shall have occurred and be continuing under any Indebtedness of
the Issuers or any Restricted Subsidiary on the date of such deposit (other than a Default or Event of Default resulting from the incurrence of Indebtedness or other borrowing of funds or the grant of Liens securing such Indebtedness or other
borrowing, all or a portion of the proceeds of which will be applied to such deposit); 

  
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 (x) such satisfaction and discharge will not result in a breach or violation of,
or constitute a default under any material agreement or instrument (other than this Indenture) to which the Issuers or any Restricted Subsidiary is a party or by which the Issuers or any Restricted Subsidiary is bound; 

(y) the Issuers or any Guarantor has paid or caused to be paid all other sums payable under this Indenture by the Issuers; and

 (z) the Issuers have delivered to the Trustee an Officer’s Certificate of the Company and an Opinion of Counsel, each
stating that all conditions precedent relating to the satisfaction and discharge of this Indenture have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, if cash or securities have been deposited with the Trustee pursuant to
subclause (ii) of clause (a) of this Section 12.01, the provisions of Sections 2.03, 2.04, 2.06, 2.07, 2.10, 4.02, 12.02 and 12.03 will survive. In addition, nothing in this Section 12.01 will be deemed to discharge the
provisions of Section 7.07 hereof. 
 Section 12.02. Deposited Cash and U.S. Government Securities to be Held in
Trust; Other Miscellaneous Provisions. 
 Subject to Section 12.03, all cash and non-callable U.S. Government
Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 12.02, the “Trustee”) pursuant to Section 12.01 hereof in respect of the
outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (or one of the Issuers, if acting as the Paying
Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium, if any, and interest but such cash and securities need not be segregated from other funds except to the
extent required by law. 
 The Issuers shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or
assessed against the cash or non-callable U.S. Government Securities deposited pursuant to Section 12.01 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the
account of the Holders of the outstanding Notes. 
 Section 12.03. Repayment to Issuers. 

Any cash or non-callable U.S. Government Securities deposited with the Trustee or any Paying Agent, or then held by the Issuers, in
trust for the payment of the principal of, premium, if any, or interest on, any Note and remaining unclaimed for one year after such principal, and premium, if any, or interest has become due and payable shall be paid to the Issuers on their request
or (if then held by the Issuers) shall be discharged from such trust; and the Holder shall thereafter, as an unsecured creditor, look only to the Issuers for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such
cash and securities, and all liability of the Issuers as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Issuers
cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such cash and securities remain unclaimed and that, after a date specified therein, which shall not be less than 30 days from
the date of such notification or publication, any unclaimed balance of such cash and securities then remaining shall be repaid to the Issuers. 

  
 -84- 

 ARTICLE 13. 

MISCELLANEOUS 

Section 13.01. Trust Indenture Act Controls. 

If any provision of this Indenture limits, qualifies or conflicts with another provision which is required to be included in an indenture
qualified under the TIA, the provision required by the TIA shall control. 
 Section 13.02. Notices. 

Any notice or communication by the Issuers or the Trustee to the other is duly given if in writing in the English language and delivered in
person or mailed by first class mail (registered or certified, return receipt requested), facsimile transmission or overnight air courier guaranteeing next-day delivery, to the other’s address: 

If to the Issuers or any Guarantor: 

c/o BI-LO, LLC 
 5050 Edgewood
Court 
 Jacksonville, Florida 32254 

Attention: Legal Department 
 Fax
No.: 904-783-5138 
 With a copy to (which shall not constitute notice): 

Gibson, Dunn & Crutcher LLP 

200 Park Avenue 
 New York, New
York 10166 
 Attention: Joerg Esdorn 

Fax No.: (212) 351-5276 
 If
to the Trustee: 
 Wells Fargo Bank, National Association 

750 N. Saint Paul Place, Suite 1750 

MAC T9263-170 
 Dallas, Texas
75201 
 Attention: Corporate, Municipal and Escrow Services 

Fax No.: (214) 756-7401 

The Issuers or the Trustee, by notice to the other, may designate additional or different addresses for subsequent notices or communications.

 All notices and communications (other than those sent to the Trustee or Holders) 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 receipt acknowledged, if sent by facsimile transmission; and the next Business Day after timely delivery to the
courier, if sent by overnight air courier guaranteeing next-day delivery. All notices and communications to the Trustee or Holders shall be deemed duly given and effective only upon receipt. 

Any notice or communication to a Holder shall be mailed by first class mail, certified or registered, return receipt requested, or by
overnight air courier guaranteeing next-day delivery to its address shown on the Security Register. Any notice or communication shall also be so mailed to any Person set forth in TIA § 313(c), to the extent required by the TIA. Failure to
mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. 

  
 -85- 

 If the Issuers mail a notice or communication to Holders, they shall mail a copy to the Trustee
and each Agent at the same time. 
 Section 13.03. Communication by Holders of Notes with Other Holders of Notes.

 Holders may communicate pursuant to TIA §312(b) with other Holders with respect to their rights under this Indenture or the Notes.
The Issuers, the Trustee, the Registrar and anyone else shall have the protection of TIA §312(c). 
 Section 13.04.
Certificate and Opinion as to Conditions Precedent. 
 Upon any request or application by the Issuers to the Trustee to
take any action under any provision of this Indenture, the Issuers shall furnish to the Trustee: 
 (a) an Officer’s
Certificate in form and substance reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 13.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any,
provided for in this Indenture relating to the proposed action have been complied with; and 
 (b) an Opinion of Counsel in
form and substance reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 13.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with.

 Section 13.05. Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
provided pursuant to TIA §314(a)(4)) shall comply with the provisions of TIA §314(e) and shall include: 
 (a) a
statement that the Person making such certificate or opinion has read such covenant or condition; 
 (b) a brief statement as
to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(c) a statement that, in the opinion of such Person, he or she has made such examination or investigation as is necessary to
enable such Person to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with. 

With respect to matters of fact, an Opinion of Counsel may rely on an Officer’s Certificate, certificates of public officials or reports
or opinions of experts. 
 Section 13.06. Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set
reasonable requirements for its functions. 
 Section 13.07. No Personal Liability of Directors, Officers, Employees and
Stockholders. 
 No director, officer, employee, incorporator, stockholder or equityholder of the Issuers or any Guarantor, as such,
shall have any liability for any obligations of the Issuers or of the Guarantors under the Notes, this Indenture, any Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by
accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

  
 -86- 

 Section 13.08. Governing Law; Waiver of Jury Trial. 

THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE AND THE NOTES. EACH OF THE ISSUERS, THE GUARANTORS AND
THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED THEREBY.

 Section 13.09. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Issuers or their respective Subsidiaries or of
any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 13.10.
Successors. 
 All covenants and agreements of each of the Issuers in this Indenture and the Notes shall bind its successors.
All covenants and agreements of the Trustee in this Indenture shall bind its successors. 
 Section 13.11.
Severability. 
 In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 13.12. Counterpart Originals. 

The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original
Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

Section 13.13. Table of Contents, Headings, etc. 

The Table of Contents, Cross-Reference Table and Headings in this Indenture have been inserted for convenience of reference only, are not to be
considered a part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 13.14. Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of
or caused by, directly or indirectly, forces beyond its control, including strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or
malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as
soon as practicable under the circumstances. 
 [Signatures on following page] 

  
 -87- 

 SIGNATURES 
  

	
	Dated as of September             , 2013

  

	
	ISSUERS:
	
	BI-LO HOLDING FINANCE, LLC
	
	By:                                     
                                         
                  
	        Name:
	        Title:
	
	BI-LO HOLDING FINANCE, INC.
	
	By:                                     
                                         
                  
	        Name:
	        Title:

 SIGNATURE PAGE TO SENIOR PIK NOTE INDENTURE 

 
	
	TRUSTEE:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
	
	By:                                     
                                         
                      
	        Name:
	        Title:

 SIGNATURE PAGE TO SENIOR PIK NOTE INDENTURE 

 EXHIBIT A 

(Face of Note) 
 [8.625%/9.375%
Senior PIK Toggle Note due 2018][PIK Note due 2018] 
  

			
		  	CUSIP                      
	No.                  	  	$                      

 BI-LO HOLDING FINANCE, LLC 

BI-LO HOLDING FINANCE, INC. 
 promises to
pay to [CEDE & CO.], or registered assigns, the principal sum of             Dollars ($            ) on
September 15, 2018. 
 Interest Payment Dates: March 15 and September 15, commencing March 15, 2014. 

Record Dates: March 1 and September 1. 
 Dated:
                 

  
 A-1 

 IN WITNESS WHEREOF, each of the Issuers has caused this Note to be duly executed by its duly
authorized officer. 
  

	
	BI-LO HOLDING FINANCE, LLC
	
	By:                                     
                                         
                  
	        Name:
	        Title:
	
	BI-LO HOLDING FINANCE INC.
	
	By:                                     
                                         
                  
	        Name:
	        Title:

  

	
	This is one of the [Global][Definitive]
	 Notes referred to in the
 within-mentioned
Indenture:

	
	 Wells Fargo Bank, National Association,

    as Trustee

	
	By:                                     
                                         
            
	        Name:
	        Title:

 Dated                  

  
 A-2 

 (Back of Note) 

[8.625%/9.375% Senior PIK Toggle Note due 2018][PIK Note due 2018] 

[Insert the Global Note Legend, if applicable pursuant to the terms of the Indenture] 

[Insert the Private Placement Legend, if applicable pursuant to the terms of the Indenture] 

[Insert the Regulation S Temporary Global Note Placement Legend, if applicable pursuant to the terms of the Indenture] 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1. Interest. BI-LO HOLDING FINANCE, LLC, a Delaware limited liability company (the
“Company”), and BI-LO HOLDING FINANCE, INC., a Delaware corporation (“Co-Issuer” and, together with the Company, the “Issuers”), promise to pay interest on the principal
amount of this Note at 8.625% per annum in the case of Cash Interest and 9.375% per annum in the case of PIK Interest until maturity. The Issuers shall pay interest semi-annually on March 15 and September 15 of each year, or if
any such day is not a Business Day, on the next succeeding Business Day (each an “Interest Payment Date”). Interest shall accrue from the most recent date to which interest (including PIK Interest) has been paid on the
Notes (or one or more Predecessor Notes) or, if no interest (including PIK Interest) has been paid, from September 20, 2013; provided, however, that if there is no existing Default in the payment of interest, and if this Note is
authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided, further, that the first Interest Payment Date
shall be March 15, 2014. The Issuers shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time at the interest rate then in effect under the
Indenture and this Note; they shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods), from time to time at the same rate
to the extent lawful. Interest shall be computed on the basis of a 360-day year of twelve 30-day months. 
 Except as provided in the
immediately succeeding sentence and the definition of “Applicable Amount,” interest on the Notes shall be payable entirely in cash (“Cash Interest”) on the then outstanding principal amount of the
Notes. For any Interest Period after the initial Interest Period (other than the final Interest Period ending at stated maturity), if the Applicable Amount (as defined below) as determined on the Determination Date (as defined below) for such
Interest Period shall: 
 (i) equal or exceed 75%, but be less than 100%, of the aggregate amount of Cash Interest that would
otherwise be due and payable on the relevant Interest Payment Date on the Notes (including any Additional Notes), then the Issuers may, at their option, elect to pay interest on (a) up to 25% of the then outstanding principal amount of the
Notes by increasing the principal amount of the outstanding Notes or by issuing PIK Notes in a principal amount equal to such interest (such increased principal amount of PIK Notes, “PIK Interest”) and
(b) not less than 75% of the then outstanding principal amount of the Notes as Cash Interest; 
 (ii) equal or exceed
50%, but be less than 75%, of the aggregate amount of Cash Interest that would otherwise be due and payable on the relevant Interest Payment Date, then the Issuers may, at their option, elect to pay interest on (a) up to 50% of the then
outstanding principal amount of the Notes as PIK Interest and (b) not less than 50% of the then outstanding principal amount of the Notes as Cash Interest; 

(iii) equal or exceed 25%, but be less than 50%, of the aggregate amount of Cash Interest that would otherwise be due and
payable on the relevant Interest Payment Date, then the Issuers may, at their option, elect to pay interest on (a) up to 75% of the then outstanding principal amount of the Notes as PIK Interest and (b) not less than 25% of the then
outstanding principal amount of the Notes as Cash Interest; or 

  
 A-3 

 (iv) be less than 25% of the aggregate amount of Cash Interest that would
otherwise be due on the relevant Interest Payment Date, then the Issuers may, at their option, elect to pay interest on the Notes entirely as PIK Interest or in part as Cash Interest and the balance as PIK Interest. 

The insufficiency or lack of funds available to the Issuers to pay Cash Interest as required by the preceding paragraph shall not permit the
Issuers to pay PIK Interest in respect of any Interest Period and the sole right of the Issuers to elect to pay PIK Interest shall be as (and to the extent) provided in the immediately preceding paragraph. 

As used herein: 

(1) “Applicable Amount” with respect to any Interest Period shall be the amount equal to the sum
(without duplication) of: 
 (i) (a) the maximum amount of all dividends and distributions that, as of the applicable
Determination Date, would be permitted to be paid to the Issuers for the purpose of paying Cash Interest by all Restricted Subsidiaries (after giving effect to all corporate, shareholder or other comparable actions required in order to make such
payment, requirements of applicable law and all restrictions on the ability to make such dividends or distributions that are otherwise permitted by Section 4.13 of the Indenture (including, without limitation, any restrictions and limitations
in the Credit Agreement, the OpCo Notes Indenture, all other Debt of the Company and its Subsidiaries in existence on the Issue Date or any future Debt incurred in accordance with the Indenture or any agreement that amends, modifies, renews,
increases, supplements, refunds, replaces or refinances such Credit Agreement, the OpCo Notes or such other Debt)) pursuant to the “restricted payments” covenants (including any exceptions or “baskets” in respect thereof)
contained in the OpCo Notes Indenture, the Credit Agreement and any other instrument or agreement governing Debt of any Restricted Subsidiary of the Issuers, the incurrence of which do not violate the Indenture, net of all taxes attributable solely
to such dividend or distribution, if any, and, in each case, without regard to whether any such Restricted Subsidiary shall have any funds available to make any such dividends or distributions, less (b) $20 million (which amount
pursuant to this clause (i) shall in no event be less than $0); and 
 (ii) (a) all cash and Cash Equivalents on
hand at the Issuers as of such Determination Date (other than any cash and Cash Equivalents on hand at the Issuers that were distributed to the Issuers by a Restricted Subsidiary in reliance on an exception under any agreement to which any of the
Restricted Subsidiaries is a party that allowed such distribution only if such amounts were distributed to the Issuers for a purpose other than paying Cash Interest (including, without limitation, any exception allowing amounts to be distributed to
the Issuers solely for the purpose of paying taxes and other corporate and administrative expenses attributable to the Company’s consolidated Subsidiaries)) less (b) $10 million (which amount pursuant to this clause (ii) shall
in no event be less than $0); provided that there shall be excluded from this clause (ii) any net proceeds from the Notes issued on the Issue Date pending the final application of such proceeds in connection with the Transactions and
there shall be excluded from this definition any cash and Cash Equivalents on hand which management determines to use for payment of Cash Interest on the Interest Payment Date next succeeding such Determination Date. 

If interest on the Notes with respect to an Interest Period will not be paid entirely as Cash Interest, the Applicable Amount
shall be calculated by the Issuers (which calculation shall be conclusive absent manifest error) and shall be set forth in an Officer’s Certificate delivered to the Trustee (upon which the Trustee may conclusively rely) prior to the first day
of the relevant Interest Period in which it is to be applied, which Officer’s Certificate shall set forth in reasonable detail (as determined by the Issuers) the Issuers’ determination of the Applicable Amount and each component thereto
and in the case of clause (i)(a) identifying in reasonable detail the applicable restriction(s) and the maximum amount of funds that may be paid after giving effect to such restriction. To the extent the Issuers are required pursuant to the third
preceding paragraph and the definition of Applicable Amount to pay Cash Interest for all or any portion of the interest due on any Interest Payment Date, the Issuers shall and shall cause each of the Restricted Subsidiaries to take all such
shareholder, corporate and other actions necessary or appropriate to permit the making of any such dividends or distributions, provided that any such shareholder, corporate and other actions would not violate applicable law or cause a breach of any
applicable contract; 

  
 A-4 

 (2) “Determination Date” shall mean, with respect
to each Interest Period, the fifteenth calendar day immediately prior to the first day of such Interest Period; and 
 (3)
“Interest Period” shall mean the period commencing on and including an Interest Payment Date and ending on and including the day immediately preceding the next succeeding Interest Payment Date, with the exception that the
first interest period shall commence on and include the Issue Date and end on and include March 14, 2014. The Interest Payment Date for any Interest Period shall be the Interest Payment Date occurring on the day immediately following the last
day of such Interest Period. 
 In the event that the Issuers shall determine to pay PIK Interest for any Interest Period, then the Issuers
shall deliver a written notice to the Trustee following the Determination Date but prior to the commencement of the relevant Interest Period, which notice shall state the total amount of interest to be paid on such Interest Payment Date and the
amount of such interest to be paid as PIK Interest. The Trustee shall promptly deliver a copy of the notice to the Holders. Interest for the first Interest Period commencing on the Issue Date shall be payable entirely in Cash Interest. Interest for
the final Interest Period ending at stated maturity shall be payable entirely in Cash Interest. 
 Notwithstanding anything to the contrary,
the payment of accrued interest in connection with any redemption or repurchase of the Notes as described Sections 3.07, 4.12 and 4.17 of the Indenture will be made solely in cash. 

If the Issuers pay a portion of the interest on the Notes as Cash Interest and pay a portion as PIK Interest, such Cash Interest and PIK
Interest shall be paid to Holders pro rata in accordance with their interests. Principal of, premium, if any, and Cash Interest on the Notes will be payable at the office or agency of the Issuers maintained for such purpose within the United States
or, at the option of the Issuers, payment of Cash Interest may be made by check mailed to the Holders of the Notes at their respective addresses set forth in the register of Holders; provided that all payments of principal, premium, if any, and Cash
Interest with respect to the Notes represented by one or more global notes registered in the name of or held by The Depository Trust Company (“DTC”) or its nominee will be made by wire transfer of immediately available funds
to the accounts specified by the Holder or Holders thereof. Until otherwise designated by the Issuers, the Issuers’ office or agency will be the office of the Paying Agent maintained for such purpose. PIK Interest on the Notes will be payable
(1) with respect to Notes represented by one or more global notes registered in the name of or held by DTC or its nominee, by increasing the principal amount of the outstanding global Note by an amount equal to the amount of PIK Interest for
the applicable Interest Period (rounded up to the nearest whole dollar) as provided in writing by the Issuers to the Trustee, which shall be recorded in the registrar’s books and records and in the schedule to the global note in accordance with
the Indenture, and (2) with respect to Notes represented by certificated Notes, by issuing PIK Notes in certificated form in an aggregate principal amount equal to the amount of PIK Interest for the applicable Interest Period (rounded up to the
nearest whole dollar), and the Trustee will, at the written order of the Issuers, authenticate and deliver such PIK Notes in certificated form for original issuance to the Holders on the relevant record date, as shown by the records of the register
of Holders. Following an increase in the principal amount of the outstanding global Notes as a result of a PIK Payment, the Notes will bear interest on such increased principal amount from and after the date of such PIK Payment. Any PIK Notes issued
in certificated form will be dated as of the applicable Interest Payment Date and will bear interest from and after such date. All Notes issued pursuant to a PIK Payment will mature on September 15, 2018 and will be governed by, and subject to
the terms, provisions and conditions of, the Indenture and will have the same rights and benefits as the Notes issued on the Issue Date. 

2. Method of Payment. The Issuers shall pay interest on the Notes (except defaulted interest) to the Persons in whose name this
Note (or one or more Predecessor Notes) is registered at the close of business on March 1 or September 1 next preceding the Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Interest
Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes shall be payable as to principal, premium and Cash Interest, if any, and interest at the office or agency of the Issuers maintained
for such purpose, or, at the option of the Issuers, payment of interest may be made by check mailed to the Holders at their addresses set forth in the Security Register; provided, however, that payment by wire transfer of immediately available funds
shall be required with respect to principal of, premium, if any, and Cash Interest, if any, on, all Global Notes and, with respect to Cash Interest due on the Interest Payment Date, all other Notes the Holders of which shall have provided wire
transfer instructions to the Issuers or the Paying Agent at least three Business Days prior to the Interest Payment Date; provided further that if no U.S. bank account is specified by a Holder of Definitive Notes, payment of principal of, premium,
if any, and Cash Interest, if any, 

  
 A-5 

 
with respect to the Definitive Notes shall be made by mailing a check to such Holder’s registered address. Such payment shall be in such coin or currency of the United States of America as
at the time of payment is legal tender for payment of public and private debts. Holders of any Definitive Notes must surrender such Notes to the Paying Agent to collect any payment of principal. 

3. Paying Agent and Registrar. Initially, Wells Fargo Bank, National Association, the Trustee under the Indenture, shall act as Paying
Agent and Registrar. The Issuers may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Restricted Subsidiaries may act in any such capacity. 

4. Indenture. The Issuers issued the Notes under an Indenture dated as of September 20, 2013 (“Indenture”) among the
Issuers and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). The Notes are subject to
all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and
be controlling. The Notes are senior obligations of the Issuers unlimited in aggregate principal amount. 
 5. Redemption and
Repurchase. The Notes are subject to optional redemption, and may be subject to an Offer to Purchase, as further set forth in the Indenture. Except as set forth under Section 4.12 and 4.17 of the Indenture, the Issuers shall not
be required to make mandatory redemption or sinking fund payments with respect to the Notes. 
 6. Denominations, Transfer,
Exchange. The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof (or if a PIK Payment has been made, in minimum denominations of $1.00 and any integral multiple
of $1.00 in excess thereof with respect to a PIK Note or the portion of a Global Note constituting PIK Interest). This Note shall represent the aggregate principal amount of outstanding Notes from time to time endorsed hereon (giving effect to, and
as increased by, any payment of PIK Interest made thereon by increasing the aggregate principal amount of such Global Note) and the aggregate principal amount of Notes represented hereby may from time to time be reduced or increased, as appropriate,
to reflect PIK Interest, exchanges, repurchases and redemptions and transfers of interests. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among
other things, to furnish appropriate endorsements and transfer documents and the Issuers may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Issuers need not exchange or register the transfer of any Note
or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. Also, the Issuers need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be
redeemed or during the period between a record date and the corresponding Interest Payment Date. 
 [This Regulation S Temporary Global Note
is exchangeable in whole or in part for one or more Global Notes only (i) on or after the termination of the Distribution Compliance Period and (ii) upon presentation of certificates (accompanied by an Opinion of Counsel, if applicable)
required by Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global Note for one or more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note.] 

7. Persons Deemed Owners. The registered Holder of a Note will be treated as its owner for all purposes.

 8. Amendment, Supplement and Waiver. The Indenture, the Guarantees or the Notes may be amended or
supplemented as provided in the Indenture. 
 9. Defaults and Remedies. Upon the occurrence of an Event of
Default, the rights and obligations of the Issuers, the Guarantors, the Trustee and the Holders shall be set forth in the applicable provisions of the Indenture. 

  
 A-6 

 10. Authentication. This Note shall not be valid until authenticated by the
manual signature of the Trustee or an authenticating agent. 
 11. Abbreviations. Customary abbreviations may be used in
the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to
Minors Act). 
 12. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuers have caused CUSIP numbers to be printed on the Notes and have directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such
numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

The Issuers shall furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 

BI-LO, LLC 
 5050 Edgewood Court

 Jacksonville, Florida 32254 

Attention: Chief Financial Officer 

13. Governing Law. The laws of the State of New York shall govern and be used to construe this Note. 

  
 A-7 

 Option of Holder to Elect Purchase 

If you want to elect to have this Note purchased by the Issuers pursuant to Section 4.12 or 4.17 of the Indenture, check the box below: 

 

	 ̈	Section 4.12 

  

	 ̈	Section 4.17 

 If you want to elect to have only part of the Note purchased by the Issuers pursuant to
Section 4.12 or Section 4.17 of the Indenture, state the amount you elect to have purchased: $             

 

							
	Date:                      	 		 		 	Your
Signature:                                       
                                         
    
		 		 		 	(Sign exactly as your name appears on the Note)
				
		 		 		 	Tax Identification No.:
		 		 		 	                                      
                                         
                                    
				
		 		 		 	SIGNATURE GUARANTEE:
				
		 		 		 	                                      
                                         
                                    
				
		 		 		 	Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program
(“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

  
 A-8 

 Assignment Form 

To assign this Note, fill in the form below: 
 (I) or (we) assign
and transfer this Note to 
  
  

(Insert assignee’s social security or other tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 

and irrevocably appoint                    
                                         
                                         
                                         
                                         
                            

as agent to transfer this Note on the books of the Issuers. The agent may substitute another to act for him. 

 
  

			
		
	Date:                     	  	Your Signature                                   
                                         
                 
		  	(Sign exactly as your name appears on the face of this Note)
		
		  	Signature Guarantee:                                  
                                         
       

  
 A-9 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part
of another Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

											
	 Date of Exchange
	  	Amount
of
decrease
in
Principal
Amount
of this
Global
Note	  	Amount
of
increase
in
Principal
Amount
of this
Global
Note	  	PIK
Increases	  	Principal
Amount
of this
Global
Note
following
such
decrease
(or 
increase)	  	Signature
of
authorized
signatory
of Trustee
or
Note
Custodian

  
 A-10 

 EXHIBIT B 

FORM OF CERTIFICATE OF TRANSFER 
 BI-LO,
LLC 
 5050 Edgewood Court 
 Jacksonville, Florida 32254 

Attention: Chief Financial Officer 
 Wells Fargo Bank, National
Association 
 750 N. Saint Paul Place, Suite 1750 
 MAC
T9263-170 
 Dallas, Texas 75201 
 Attention: Corporate,
Municipal and Escrow Services 
 Fax No.: (214) 756-7401 
  

	 	Re:	8.625%/9.375% Senior PIK Toggle Notes due 2018 

 Reference is hereby made
to the Indenture, dated as of September 20, 2013 (the “Indenture”), among BI-LO HOLDING FINANCE, LLC and BI-LO HOLDING FINANCE, INC., as issuers (the “Issuers”)
and Wells Fargo Bank, National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture.  

            , (the “Transferor”) owns and
proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $            in such Note[s] or interests (the
“Transfer”), to             (the “Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor
hereby certifies that: 
 [CHECK ALL THAT APPLY] 

1.  ̈ Check if Transferee will take delivery of a beneficial interest in the 144A
Global Note or a Definitive Note Pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities
Act”), and, accordingly, the Transferor hereby further certifies that the beneficial interest or Definitive Note is being transferred to a Person that the Transferor reasonably believed and believes is
purchasing the beneficial interest or Definitive Note for its own account, or for one or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional
buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed
Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Note and/or the
Definitive Note and in the Indenture and the Securities Act. 
 2.  ̈
Check if Transferee will take delivery of a beneficial interest in a Regulation S Global Note or a Definitive Note pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under
the Securities Act and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United States and (x) at the time the buy order was originated, the Transferee was outside the United
States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore
securities market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements
of Rule 903(b) or Rule 904(a) of Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the proposed transfer is being made
prior to the expiration of the Distribution Compliance Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser).

  
 B-1 

 
Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on
Transfer enumerated in the Private Placement Legend printed on the Regulation S Permanent Global Note, the Regulation S Temporary Global Note and/or the Definitive Note and in the Indenture and the Securities Act. 

3.  ̈ Check if Transferee will take delivery of a beneficial interest in an
Unrestricted Global Note or of an Unrestricted Definitive Note. 
 (a)
 ̈ Check if Transfer is pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer
restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to
maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 

(b)  ̈ Check if Transfer is Pursuant to Regulation S. (i) The Transfer is
being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States
and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms
of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and
in the Indenture. 
 (c)  ̈ Check if Transfer is Pursuant to Other
Exemption. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer
restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to
maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will not be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the Restricted Global Notes or Restricted Definitive Notes and in the Indenture. 

This certificate and the statements contained herein are made for your benefit and the benefit of the Issuers. 

 

	
	                                      
                                         
                        
	[Insert Name of Transferor]
	
	By:                                     
                                         
                 
	          Name:
	          Title:
	
	Dated:                     

  
 B-2 

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

							
	1.	  	The Transferor owns and proposes to transfer the following:
	[CHECK ONE OF (a) OR (b)]
			
		  	(a)	  	 ̈ a beneficial interest in the:
				
		  		  	(i)	  	 ̈ 144A Global Note (CUSIP 088609 AA0), or
				
		  		  	(ii)	  	 ̈ Regulation S Global Note (CUSIP U0900W AA5), or
			
		  	(b)	  	 ̈ a Restricted Definitive Note.
		
	2.	  	After the Transfer the Transferee will hold:
	
	[CHECK ONE OF (a), (b) OR (c)]
			
		  	(a)	  	 ̈ a beneficial interest in the:
				
		  		  	(i)	  	 ̈ 144A Global Note (CUSIP 088609 AA0), or
				
		  		  	(ii)	  	 ̈ Regulation S Global Note (CUSIP U0900W AA5), or
				
		  		  	(iii)	  	 ̈ Unrestricted Global Note (CUSIP [             ]); or
			
		  	(b)	  	 ̈ a Restricted Definitive Note; or
			
		  	(c)	  	 ̈ an Unrestricted Definitive Note,
		
		  	in accordance with the terms of the Indenture.

  
 B-3 

 EXHIBIT C 

FORM OF CERTIFICATE OF EXCHANGE 
 BI-LO, LLC 

5050 Edgewood Court 
 Jacksonville, Florida 32254 

Attention: Chief Financial Officer 
 Wells Fargo Bank, National
Association 
 750 N. Saint Paul Place, Suite 1750 
 MAC
T9263-170 
 Dallas, Texas 75201 
 Attention: Corporate,
Municipal and Escrow Services 
 Fax No.: (214) 756-7401 
  

	 	Re:	8.625%/9.375% Senior PIK Toggle Notes due 2018 

 Reference is hereby made
to the Indenture, dated as of September 20, 2013 (the “Indenture”), among BI-LO HOLDING FINANCE, LLC and BI-LO HOLDING FINANCE, INC., as issuers (the “Issuers”)
and Wells Fargo Bank, National Association, as trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

            (the “Owner”) owns and proposes
to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of $            in such Note[s] or interests (the
“Exchange”). In connection with the Exchange, the Owner hereby certifies that: 

1. Exchange of Restricted Definitive Notes or Beneficial Interests in a Restricted Global Note for Unrestricted Definitive Notes
or Beneficial Interests in an Unrestricted Global Note 
 (a)  ̈ Check if
Exchange is from beneficial interest in a Restricted Global Note to beneficial interest in an Unrestricted Global Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest
in an Unrestricted Global Note in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance
with the transfer restrictions applicable to the Restricted Global Note and pursuant to and in accordance with the United States Securities Act of 1933, as amended (the “Securities Act”),
(iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global
Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 (b)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Note to Unrestricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted
Global Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with
the transfer restrictions applicable to the Restricted Global Note and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in
order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(c)  ̈ Check if Exchange is from Restricted Definitive Note to beneficial interest in
an Unrestricted Global Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note, the Owner hereby certifies (i) the beneficial interest is being acquired for
the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions 

  
 C-1 

 
applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private Placement
Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(d)  ̈ Check if Exchange is from Restricted Definitive Note to Unrestricted Definitive
Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the Owner’s own account
without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer
contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any applicable blue sky
securities laws of any state of the United States. 
 2. Exchange of Restricted Definitive Notes or Beneficial Interests
in Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes 
 (a)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Note to Restricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted
Global Note for a Restricted Definitive Note with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed
Exchange in accordance with the terms of the Indenture, the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the
Indenture and the Securities Act. 
 (b)  ̈ Check if Exchange is from
Restricted Definitive Note to beneficial interest in a Restricted Global Note. In connection with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the [CIRCLE ONE] 144A Global Note, Regulation S Global
Note with an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the transfer
restrictions applicable to the Restricted Definitive Note and pursuant to and in accordance with the Securities Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed
Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and
the Securities Act. 

  
 C-2 

 This certificate and the statements contained herein are made for your benefit and the benefit of
the Issuers. 
  

	
	                                      
                                         
                        
	[Insert Name of Transferor]
	
	By:                                     
                                         
                  
	        Name:
	        Title:
	
	Dated:                     

  
 C-3 

 EXHIBIT D 

FORM OF NOTATION OF GUARANTEE 

For value received, each Guarantor (which term includes any successor Person under the Indenture), jointly and severally,
unconditionally guarantees, to the extent set forth in the Indenture and subject to the provisions in the Indenture, dated as of September 20, 2013 (the “Indenture”), among BI-LO HOLDING FINANCE, LLC and BI-LO HOLDING
FINANCE, INC., as co-issuers (the “Issuers”) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), (a) the due and punctual payment of the principal of, premium, if any, and
interest on the Notes, whether at Stated Maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal and premium, if any, and, to the extent permitted by law, interest and the due and punctual
performance of all other obligations of the Issuers to the Holders or the Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations,
that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to
the Trustee pursuant to the Guarantee and the Indenture are expressly set forth in Article 10 of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. This Guarantee is subject to release as and to the
extent set forth in Sections 8.02, 8.03 and 10.05 of the Indenture. Each Holder of a Note, by accepting the same agrees to and shall be bound by such provisions. Capitalized terms used herein and not defined are used herein as so defined in the
Indenture. 
 [Remainder of Page Intentionally Left Blank] 

  
 D-1 

 
	
	[Guarantors]
	
	By:                                     
                                         
                  
	        Name:
	        Title:

 [Signature Page to Notation of Guarantee] 

  
 D-2 

 EXHIBIT E 

FORM OF SUPPLEMENTAL INDENTURE 

TO BE DELIVERED BY FUTURE GUARANTORS 

THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
            , 201 , is among [name of Guarantor[s]] ([collectively,] the “Guaranteeing Subsidiary”), [each of which is] a subsidiary of BI-LO HOLDING FINANCE,
LLC (or its permitted successor), a Delaware limited liability company (the “Company”), the Company, BI-LO Holding Finance, Inc., a Delaware corporation (“Co-Issuer” and, together with the Company, the
“Issuers”), the other Guarantors (as defined in the Indenture referred to herein), if any, and Wells Fargo Bank, National Association, as trustee under the Indenture referred to below (the
“Trustee”). 
 W I T N E S S E T H: 

WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an indenture (the
“Indenture”), dated as of September 20, 2013 providing for the issuance of 8.625%/9.375% Senior PIK Toggle Notes due 2018; 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the
Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the
“Guarantee”); and 
 WHEREAS, pursuant to Section 9.01(5) of the Indenture, the parties hereto
are authorized to execute and deliver this Supplemental Indenture. 
 NOW, THEREFORE, in consideration of the foregoing and for other good
and valuable consideration, the receipt of which is hereby acknowledged, the Issuers, the Guaranteeing Subsidiary, the existing Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as
follows: 
 1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the
conditions set forth in the Indenture including but not limited to Article 10 thereof. 
 3. NO RECOURSE AGAINST OTHERS. No past, present or
future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Guaranteeing Subsidiary under the Notes, its Guarantee, the Indenture or this
Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes. 
 4. NEW YORK LAW TO GOVERN. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE
THIS SUPPLEMENTAL INDENTURE. 
 5. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
shall be an original, but all of them together represent the same agreement. 
 6. EFFECT OF HEADINGS. The Section headings herein are for
convenience only and shall not affect the construction hereof. 

 7. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect
of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Issuers. 

  
 -2- 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written. 
 Dated:
            , 20     
  

	
	[GUARANTEEING SUBSIDIARY]
	
	By:                                     
                                         
                        
	        Name:
	        Title:
	
	BI-LO HOLDING FINANCE, LLC
	
	By:                                     
                                         
                        
	        Name:
	        Title:
	
	BI-LO HOLDING FINANCE, INC.
	
	By:                                     
                                         
                        
	        Name:
	        Title:
	
	[EXISTING GUARANTORS]
	
	By:                                     
                                         
                        
	        Name:
	        Title:
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

	
	By:                                     
                                         
                        
	        Name:
	        Title:

  
 -3-EX-10.1

 Exhibit 10.1 

EXECUTION COPY 
  

 
 ABL CREDIT AGREEMENT 

among 
 BI-LO HOLDING, LLC, 

BI-LO, LLC, 
 VARIOUS LENDERS, 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as ADMINISTRATIVE AGENT and COLLATERAL AGENT, 

CITIBANK, N.A., 
 as SYNDICATION
AGENT, 
 and 
 SUNTRUST BANK,

 TD BANK, N.A. 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as CO- DOCUMENTATION AGENTS 
  

 
 Dated as of
March 9, 2012 
  
  

CITIGROUP GLOBAL MARKETS INC. 

and 
 DEUTSCHE BANK SECURITIES
INC., 
 as JOINT LEAD ARRANGERS and JOINT BOOK RUNNERS, 

and 
 SUNTRUST BANK, 

TD BANK, N.A. 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as SENIOR MANAGING AGENTS 
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	SECTION 1.	 	 Definitions and Accounting Terms
	  	 	2	  
			
	 1.01.
	 	Defined Terms	  	 	2	  
	 1.02.
	 	Other Definitional Provisions	  	 	52	  
			
	SECTION 2.	 	 Amount and Terms of Credit
	  	 	53	  
			
	 2.01.
	 	The Commitments	  	 	53	  
	 2.02.
	 	Minimum Amount of Each Borrowing	  	 	55	  
	 2.03.
	 	Notice of Borrowing	  	 	55	  
	 2.04.
	 	Disbursement of Funds	  	 	56	  
	 2.05.
	 	Notes	  	 	57	  
	 2.06.
	 	Conversions	  	 	58	  
	 2.07.
	 	Pro Rata Borrowings	  	 	58	  
	 2.08.
	 	Interest	  	 	58	  
	 2.09.
	 	Interest Periods	  	 	59	  
	 2.10.
	 	Increased Costs, Illegality, etc.	  	 	60	  
	 2.11.
	 	Compensation	  	 	61	  
	 2.12.
	 	Change of Lending Office	  	 	62	  
	 2.13.
	 	Replacement of Lenders	  	 	62	  
	 2.14.
	 	Incremental Commitments	  	 	63	  
	 2.15.
	 	Defaulting Lenders	  	 	65	  
	 2.16.
	 	Extension of Revolving Loan Commitments	  	 	67	  
			
	SECTION 3.	 	 Letters of Credit
	  	 	69	  
			
	 3.01.
	 	Letters of Credit	  	 	69	  
	 3.02.
	 	Maximum Letter of Credit Outstandings; Final Maturities	  	 	70	  
	 3.03.
	 	Letter of Credit Requests; Minimum Stated Amount	  	 	70	  
	 3.04.
	 	Letter of Credit Participations	  	 	71	  
	 3.05.
	 	Agreement to Repay Letter of Credit Drawings	  	 	73	  
	 3.06.
	 	Increased Costs	  	 	73	  
	 3.07.
	 	Extended Revolving Loan Commitments	  	 	74	  
			
	SECTION 4.	 	 Commitment Commission; Fees; Reductions of Commitment
	  	 	74	  
			
	 4.01.
	 	Fees	  	 	74	  
	 4.02.
	 	Voluntary Termination of Unutilized Commitments	  	 	75	  
	 4.03.
	 	Mandatory Reduction of Commitments	  	 	76	  
			
	SECTION 5.	 	 Prepayments; Payments; Taxes
	  	 	76	  
			
	 5.01.
	 	Voluntary Prepayments	  	 	76	  
	 5.02.
	 	Mandatory Repayments; Cash Collateralization	  	 	77	  
	 5.03.
	 	Method and Place of Payment	  	 	78	  
	 5.04.
	 	Net Payments	  	 	80	  

							
	 	 	 	  	Page	 
	 SECTION 6.
	 	Conditions Precedent to Credit Events on the Effective Date	  	 	82	  
			
	 6.01.
	 	Effective Date; Notes	  	 	82	  
	 6.02.
	 	Officer’s Certificate	  	 	82	  
	 6.03.
	 	Opinions of Counsel	  	 	82	  
	 6.04.
	 	Company Documents; Proceedings; etc.	  	 	83	  
	 6.05.
	 	Merger Agreement; Equity Contribution	  	 	83	  
	 6.06.
	 	Consummation of the Refinancing	  	 	83	  
	 6.07.
	 	Acquired Business Material Adverse Effect	  	 	84	  
	 6.08.
	 	Subsidiaries Guaranty	  	 	84	  
	 6.09.
	 	Pledge Agreement	  	 	84	  
	 6.10.
	 	Intercreditor Agreement	  	 	84	  
	 6.11.
	 	Security Agreement	  	 	84	  
	 6.12.
	 	Mortgage; Title Insurance; Survey; Landlord Waivers; etc.	  	 	85	  
	 6.13.
	 	Financial Statements; Pro Forma Balance Sheet; Projections	  	 	87	  
	 6.14.
	 	Solvency Certificate; Insurance Certificates	  	 	87	  
	 6.15.
	 	Fees, etc.	  	 	87	  
	 6.16.
	 	Initial Borrowing Base Certificate	  	 	87	  
	 6.17.
	 	Patriot Act	  	 	87	  
	 6.18.
	 	Effective Date Representations	  	 	87	  
	 6.19.
	 	Notice of Borrowing; Letter of Credit Request	  	 	87	  
	 6.20.
	 	Borrowing Base Limitations	  	 	88	  
			
	 SECTION 7.
	 	Conditions Precedent to All Credit Events after the Effective Date	  	 	88	  
			
	 7.01.
	 	No Default; Representations and Warranties	  	 	88	  
	 7.02.
	 	Notice of Borrowing; Letter of Credit Request	  	 	88	  
	 7.03.
	 	Borrowing Base Limitations	  	 	88	  
			
	 SECTION 8.
	 	Representations, Warranties and Agreements	  	 	89	  
			
	 8.01.
	 	Company Status	  	 	89	  
	 8.02.
	 	Power and Authority	  	 	89	  
	 8.03.
	 	No Violation	  	 	89	  
	 8.04.
	 	Approvals	  	 	90	  
	 8.05.
	 	Financial Statements; Financial Condition; Undisclosed Liabilities; Projections	  	 	90	  
	 8.06.
	 	Litigation	  	 	91	  
	 8.07.
	 	True and Complete Disclosure	  	 	91	  
	 8.08.
	 	Use of Proceeds; Margin Regulations	  	 	92	  
	 8.09.
	 	Tax Returns and Payments	  	 	92	  
	 8.10.
	 	Compliance with ERISA	  	 	92	  
	 8.11.
	 	Security Documents	  	 	94	  
	 8.12.
	 	Properties	  	 	94	  
	 8.13.
	 	Capitalization	  	 	95	  
	 8.14.
	 	Subsidiaries	  	 	95	  
	 8.15.
	 	Compliance with Statutes, etc.	  	 	95	  
	 8.16.
	 	Investment Company Act	  	 	95	  
	 8.17.
	 	Representations and Warranties in Other Documents	  	 	95	  
	 8.18.
	 	Environmental Matters	  	 	95	  
	 8.19.
	 	Employment and Labor Relations	  	 	96	  
	 8.20.
	 	Intellectual Property, etc.	  	 	96	  
	 8.21.
	 	Indebtedness	  	 	97	  

  
 2 

							
	 	 	 	  	Page	 
	 8.22.
	 	Insurance	  	 	97	  
	 8.23.
	 	Borrowing Base Calculation	  	 	97	  
	 8.24.
	 	Anti-Terrorism Law	  	 	97	  
	 8.25.
	 	Material Contracts	  	 	98	  
	 8.26.
	 	Status as ABL Obligations	  	 	98	  
			
	 SECTION 9.
	 	Affirmative Covenants	  	 	98	  
			
	 9.01.
	 	Information Covenants	  	 	98	  
	 9.02.
	 	Books, Records and Inspections; Annual Meetings	  	 	102	  
	 9.03.
	 	Maintenance of Property; Insurance	  	 	103	  
	 9.04.
	 	Existence; Franchises	  	 	103	  
	 9.05.
	 	Compliance with Statutes, etc.	  	 	104	  
	 9.06.
	 	Compliance with Environmental Laws	  	 	104	  
	 9.07.
	 	ERISA	  	 	105	  
	 9.08.
	 	End of Fiscal Years; Fiscal Quarters	  	 	105	  
	 9.09.
	 	Performance of Obligations	  	 	105	  
	 9.10.
	 	Payment of Taxes	  	 	106	  
	 9.11.
	 	Use of Proceeds	  	 	106	  
	 9.12.
	 	Additional Security; Further Assurances; etc.	  	 	106	  
	 9.13.
	 	Ownership of Subsidiaries; etc.	  	 	107	  
	 9.14.
	 	Permitted Acquisitions	  	 	107	  
	 9.15.
	 	Landlords’ Agreements, Mortgages Agreements, Bailee Letters and Real Estate Purchases	  	 	108	  
	 9.16.
	 	Inventory	  	 	108	  
	 9.17.
	 	Pharmacy Scripts	  	 	109	  
	 9.18.
	 	Designation of Subsidiaries	  	 	110	  
	 9.19.
	 	Corporate Separateness	  	 	111	  
			
	 SECTION 10.
	 	Negative Covenants	  	 	111	  
			
	 10.01.
	 	Liens	  	 	111	  
	 10.02.
	 	Consolidation, Merger, Purchase or Sale of Assets, etc.	  	 	114	  
	 10.03.
	 	Dividends	  	 	117	  
	 10.04.
	 	Indebtedness	  	 	119	  
	 10.05.
	 	Advances, Investments and Loans	  	 	121	  
	 10.06.
	 	Transactions with Affiliates	  	 	123	  
	 10.07.
	 	Fixed Charge Coverage Ratio	  	 	124	  
	 10.08.
	 	Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; Limitations on Payments, etc.	  	 	124	  
	 10.09.
	 	Limitation on Certain Restrictions on Subsidiaries	  	 	125	  
	 10.10.
	 	Limitation on Certain Issuances of Equity Interests	  	 	126	  
	 10.11.
	 	Business; etc.	  	 	126	  
	 10.12.
	 	Limitation on Creation of Subsidiaries	  	 	127	  
	 10.13.
	 	No Additional Deposit Accounts; etc.	  	 	128	  
			
	 SECTION 11.
	 	Events of Default	  	 	128	  
			
	 11.01.
	 	Payments	  	 	128	  
	 11.02.
	 	Representations, etc.	  	 	128	  
	 11.03.
	 	Covenants	  	 	129	  
	 11.04.
	 	Default Under Other Agreements	  	 	129	  

  
 3 

							
	 	 	 	  	Page	 
	 11.05.
	 	Bankruptcy, etc.	  	 	129	  
	 11.06.
	 	ERISA	  	 	129	  
	 11.07.
	 	Security Documents	  	 	130	  
	 11.08.
	 	Guaranties	  	 	130	  
	 11.09.
	 	Judgments	  	 	130	  
	 11.10.
	 	Change of Control	  	 	130	  
	 11.11.
	 	Intercreditor Agreement	  	 	130	  
			
	 SECTION 12.
	 	The Administrative Agent and the Collateral Agent	  	 	131	  
			
	 12.01.
	 	Appointment	  	 	131	  
	 12.02.
	 	Nature of Duties	  	 	131	  
	 12.03.
	 	Lack of Reliance on the Administrative Agent	  	 	132	  
	 12.04.
	 	Certain Rights of the Administrative Agent	  	 	132	  
	 12.05.
	 	Reliance	  	 	132	  
	 12.06.
	 	Indemnification	  	 	132	  
	 12.07.
	 	The Administrative Agent in its Individual Capacity	  	 	133	  
	 12.08.
	 	Holders	  	 	133	  
	 12.09.
	 	Resignation by the Administrative Agent or a Collateral Monitor	  	 	133	  
	 12.10.
	 	Collateral Matters	  	 	134	  
	 12.11.
	 	Delivery of Information	  	 	135	  
	 12.12.
	 	Collateral Monitors	  	 	135	  
			
	 SECTION 13.
	 	Miscellaneous	  	 	136	  
			
	 13.01.
	 	Payment of Expenses, etc.	  	 	136	  
	 13.02.
	 	Right of Setoff	  	 	137	  
	 13.03.
	 	Notices	  	 	138	  
	 13.04.
	 	Benefit of Agreement; Assignments; Participations	  	 	138	  
	 13.05.
	 	No Waiver; Remedies Cumulative	  	 	141	  
	 13.06.
	 	Payments Pro Rata	  	 	141	  
	 13.07.
	 	Calculations; Computations	  	 	142	  
	 13.08.
	 	GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL	  	 	143	  
	 13.09.
	 	Counterparts	  	 	144	  
	 13.10.
	 	Effectiveness	  	 	144	  
	 13.11.
	 	Headings Descriptive	  	 	144	  
	 13.12.
	 	Amendment or Waiver; etc.	  	 	144	  
	 13.13.
	 	Survival	  	 	146	  
	 13.14.
	 	Domicile of Loans	  	 	146	  
	 13.15.
	 	Register	  	 	147	  
	 13.16.
	 	Confidentiality	  	 	147	  
	 13.17.
	 	No Fiduciary Duty	  	 	148	  
	 13.18.
	 	Patriot Act	  	 	148	  
	 13.19.
	 	OTHER LIENS ON COLLATERAL; TERMS OF INTERCREDITOR AGREEMENT; ETC.	  	 	148	  
	 13.20.
	 	Interest Rate Limitation	  	 	149	  

  
 4 

							
	 	 	 	  	Page	 
	 SECTION 14.
	 	Holdings Guaranty	  	 	149	  
			
	 14.01.
	 	Guaranty	  	 	149	  
	 14.02.
	 	Bankruptcy	  	 	150	  
	 14.03.
	 	Nature of Liability	  	 	150	  
	 14.04.
	 	Independent Obligation	  	 	150	  
	 14.05.
	 	Authorization	  	 	150	  
	 14.06.
	 	Reliance	  	 	151	  
	 14.07.
	 	Subordination	  	 	151	  
	 14.08.
	 	Waiver	  	 	152	  
	 14.09.
	 	Payments	  	 	152	  
	 14.10.
	 	Maximum Liability	  	 	152	  

  

			
	SCHEDULE 1.01(a)	  	Commitments
	SCHEDULE 1.01(b)	  	Fiscal Periods
	SCHEDULE 1.01(c)	  	Scheduled Properties
	SCHEDULE 1.01(d)	  	Scheduled Sale Leaseback Properties
	SCHEDULE 1.01(e)	  	Qualified Credit Card Issuers
	SCHEDULE 1.01(f)	  	Qualified Credit Card Processors
	SCHEDULE 3.01(a)	  	Existing Letters of Credit
	SCHEDULE 8.10	  	Plans
	SCHEDULE 8.12	  	Real Property
	SCHEDULE 8.14	  	Subsidiaries
	SCHEDULE 8.21	  	Permitted Existing Indebtedness
	SCHEDULE 8.22	  	Insurance
	SCHEDULE 8.25	  	Material Contracts
	SCHEDULE 9.06	  	Environmental Matters
	SCHEDULE 9.12(a)	  	Real Property Requirements
	SCHEDULE 9.18	  	Permanent Restricted Subsidiaries
	SCHEDULE 10.01	  	Existing Liens
	SCHEDULE 10.05	  	Existing Investments
	SCHEDULE 10.13	  	Deposit Accounts
	SCHEDULE 13.03	  	Lender Addresses
		
	EXHIBIT A-1	  	Form of Notice of Borrowing
	EXHIBIT A-2	  	Form of Notice of Conversion/Continuation
	EXHIBIT B-1	  	Form of Revolving Note
	EXHIBIT B-2	  	Form of Swingline Note
	EXHIBIT C	  	Form of Letter of Credit Request
	EXHIBIT D	  	Form of Section 5.04(b)(ii) Certificate
	EXHIBIT E	  	Form of Intercreditor Agreement
	EXHIBIT F	  	Form of Incremental Commitment Agreement
	EXHIBIT G	  	Form of Subsidiaries Guaranty
	EXHIBIT H	  	Form of Pledge Agreement
	EXHIBIT I	  	Form of Security Agreement
	EXHIBIT J	  	Form of Solvency Certificate
	EXHIBIT K	  	Form of Compliance Certificate
	EXHIBIT L	  	Form of Assignment and Assumption Agreement
	EXHIBIT M	  	Form of Intercompany Note
	EXHIBIT N	  	Form of Landlord Waiver and Consent Agreement
	EXHIBIT O	  	Form of Joinder Agreement
	EXHIBIT P	  	Form of Borrowing Base Certificate
	EXHIBIT Q	  	Form of Shareholder Subordinated Note

  
 5 

 ABL CREDIT AGREEMENT, dated as of March 9, 2012, among BI-LO, LLC, a Delaware limited
liability company (the “Borrower”), BI-LO Holding, LLC, a Delaware limited liability company (“Holdings”), the Lenders party hereto from time to time, Deutsche Bank Trust Company Americas, as Administrative Agent
and Collateral Agent, Citibank, N.A., as Syndication Agent, SunTrust Bank, TD Bank, N.A. and Wells Fargo Bank, National Association, as Co-Documentation Agents, and Citibank, N.A., Deutsche Bank Trust Company Americas and Wells Fargo Bank, National
Association, as Collateral Monitors. All capitalized terms used herein and defined in Section 1.01 are used herein as therein defined. 

W I T N E S S E T H: 
 WHEREAS,
pursuant to the Agreement and Plan of Merger (together with the Company Disclosure Letter (as defined therein) delivered in connection therewith), dated as of December 16, 2011, by and among Opal Holdings, LLC, a Wholly-Owned Domestic
Subsidiary of the Borrower (“Target Holdings”), Opal Merger Sub, Inc. (“Merger Corp.”) and Winn-Dixie Stores Inc., a Florida corporation (“Target”) (as amended to, but not including, the date
hereof, the “Merger Agreement”), Holdings has agreed to acquire (the “Acquisition”) Target and its subsidiaries (together with Target, the “Acquired Business”) through the merger of Target with and
into Merger Corp. (the “Merger”), with Target being the surviving entity of the Merger and an indirect Wholly-Owned Domestic Subsidiary of the Borrower; 

WHEREAS, on or prior to the date hereof, (a) the Borrower intends to repay in full all outstandings and terminate all commitments under
that certain Credit Agreement, dated as of February 3, 2011, among the Borrower, Holdings, Deutsche Bank Trust Company Americas, as administrative agent, certain other agents named therein and the lenders party thereto (as amended, restated,
supplemented or otherwise modified from time to time prior to the date hereof, the “Existing BI-LO Credit Agreement”), and (b) Target intends to repay in full all outstandings and terminate all commitments under that certain
Second Amended and Restated Credit Agreement, dated as of March 18, 2011, among Target and certain of its subsidiaries party thereto as borrowers, Wells Fargo National Bank, National Association, as administrative agent, certain other agents
named therein and the lenders party thereto (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Winn-Dixie Credit Agreement”); 

WHEREAS, the sources of funds needed to effect the Acquisition and the Refinancing and to pay fees and expenses incurred in connection with
the Transaction (the “Transaction Costs”) and to provide for the working capital needs and general corporate requirements of the Borrower and its Subsidiaries after giving effect to the Transaction shall be provided through: 

 

	 	(i)	the revolving credit facility provided herein (the “ABL Facility”); and 

  

	 	(ii)	a cash common equity contribution made by the Equity Investors to Holdings (who shall, in turn, use all of the proceeds thereof to make a cash common equity contribution to the Borrower) in an aggregate amount equal to
at least $235,600,000 (the “Equity Contribution”); 

 WHEREAS, in order to effect the Acquisition and the
Refinancing, to pay the Transaction Costs, and to provide for the general corporate purposes and working capital of the Borrower and its Subsidiaries, Holdings and the Borrower have requested that the Lead Arrangers arrange, and the Lenders provide,
the ABL Facility; and 

 WHEREAS, subject to and upon the terms and conditions set forth herein, the Lead Arrangers have
arranged, and the Lenders are willing to make available to the Borrower, the ABL Facility; 
 NOW, THEREFORE, IT IS AGREED: 

SECTION 1. Definitions and Accounting Terms. 

1.01. Defined Terms. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally
applicable to both the singular and plural forms of the terms defined): 
 “90-Day Excess Availability” shall mean, on a
given date, the quotient obtained by dividing (a) the sum of each day’s Excess Availability during the 90 consecutive day period immediately preceding such date by (b) 90. 

“ABL Facility” shall have the meaning provided in the recitals to this Agreement. 

“ABL Priority Collateral” shall have the meaning provided in the Intercreditor Agreement. 

“Account” shall mean an “account” as such term is defined in Article 9 of the UCC, and any and all supporting
obligations in respect thereof. 
 “Account Debtor” shall mean each Person who is obligated on an Account. 

“Acquired Business” shall have the meaning provided in the recitals to this Agreement. 

“Acquired Business Material Adverse Effect” shall mean any event, change, circumstance, occurrence, effect or state of facts
that (a) is materially adverse to the business, assets, condition (financial or otherwise) or results of operations of the Acquired Business, taken as a whole, or (b) materially impairs, or prevents or materially delays, the ability of
Target to consummate the Merger or any of the other transactions contemplated by the Merger Agreement; provided, however, that in the case of preceding clause (a) only, the determination of an Acquired Business Material Adverse
Effect shall exclude the following events, changes, circumstances, occurrences, effects and states of fact: (i) those generally affecting the industry of Target, or the economy or the financial or securities markets of the United States,
including effects on such industry, economy or markets resulting from any regulatory and political conditions or developments in general; (ii) any outbreak or escalation of hostilities or declared or undeclared acts of war or terrorism;
(iii) changes or proposed changes in law or GAAP; (iv) customary seasonal fluctuations in the business of the Acquired Business; (v) any change, in and of itself, in the market price or trading volume of any securities or indebtedness
of Target, or any change of or failure to meet, in and of itself, any internal or public projections, forecasts, budgets or estimates of or relating to the Acquired Business for any period (it being understood that the underlying causes of such
change or failure shall, if they are not otherwise excluded from the definition of Acquired Business Material Adverse Effect, be taken into account in determining whether a Acquired Business Material Adverse Effect has occurred); (vi) any
hurricane, tropical storm, flood, forest fire, earthquake or other similar natural disaster; (vii) the execution, announcement, performance and existence of the Merger Agreement, including any actual or potential loss or impairment after
December 16, 2011 of any bond, debenture, note, mortgage, indenture, guarantee, license, lease, purchase or sale order or other contract, commitment, agreement, obligation, undertaking or other binding arrangement (to which Target or any of its
Subsidiaries is a party or by which Target or any of its Subsidiaries or any of their respective properties or 

  
 2 

 assets may be bound) as a result thereof; and (viii) any action taken or not taken by Target at the written
request of Target Holdings (provided, that the exercise of Target Holdings or Merger Corp. of its rights under the Merger Agreement, including any decision to not provide the Acquired Business with a waiver of Section 5.1 of the Merger
Agreement, shall not be considered such a written instruction of Target Holdings), with the prior consent of the Lead Arrangers if such action or inaction is material and adverse to the interests of the Lenders and the Lead Arrangers as reasonably
determined by the Lead Arrangers; provided, further, that, (A) with respect to preceding clauses (i) through (vi), such matters shall be excluded solely to the extent that the impact of such matters is not disproportionately
adverse to the Acquired Business in comparison to similarly situated businesses (in which case the disproportionate impact shall be taken into account), and (B) clause (vii) above shall not apply with respect to references to
“Material Adverse Effect” in Section 3.5 of the Merger Agreement. 
 “Acquired Entity or Business” shall
mean either (x) the assets constituting a business, division or product line of any Person not already a Subsidiary of Holdings or (y) 100% of the Equity Interests of any such Person, which Person shall, as a result of the acquisition of
such Equity Interests, become a Wholly-Owned Subsidiary of the Borrower (or shall be merged with and into the Borrower or another Wholly-Owned Subsidiary of the Borrower; provided that, in the case of any merger involving (x) the
Borrower, the Borrower shall be the surviving or continuing Person and (y) involving a Subsidiary Guarantor, a Subsidiary Guarantor shall be the surviving or continuing Person). 

“Acquisition” shall have the meaning provided in the recitals to this Agreement. 

“Additional Margin” shall have the meaning provided in Section 2.14(a). 

“Additional Obligations” shall mean any subordinated or senior Indebtedness of the Borrower (which Indebtedness may be
(A) (a) unsecured or (b) secured by a Lien ranking pari passu to the Lien securing the Senior Secured Notes (or, to the extent that the Senior Secured Notes are no longer outstanding, secured by a Lien that would have ranked pari
passu to the Lien securing the Senior Secured Notes if any of the same were outstanding) and (B) guaranteed on a like basis by Holdings and the Subsidiary Guarantors, although BI-LO Finance Corp. may be a co-issuer or co-borrower with the
Borrower on any such Indebtedness), including customary bridge financings, so long as (i) such Indebtedness does not mature earlier than six (6) months after the Final Maturity Date in effect at the time of incurrence of such Indebtedness
(other than an earlier maturity date for customary bridge financings which, subject to customary conditions, would either be automatically converted into or required to be exchanged for permanent financing which does not provide for a maturity date
earlier than six (6) months after such Final Maturity Date), (ii) such Indebtedness does not have any mandatory redemption, prepayment, amortization, sinking fund or similar obligations prior to such maturity date (other than pursuant to
(x) customary asset sale and change of control offer provisions and, in the case of any customary bridge financing, prepayments of such bridge financing from the issuance of equity or other Indebtedness permitted hereunder which meets the
requirements of this definition and (y) in the case of term loans, nominal amortization requirements not to exceed 1% per annum of the initial aggregate principal amount of such Indebtedness), (iii) such Indebtedness otherwise
contains terms and conditions (excluding economic terms such as interest rate and redemption premiums) which, taken as a whole, are not more restrictive on Holdings and its Restricted Subsidiaries in any material respect than the terms and
conditions of the Senior Secured Notes Documents as in effect on the Effective Date (as reasonably determined in good faith by senior management of Holdings), (iv) to the extent such Indebtedness is subordinated, the terms of such Indebtedness
provide for customary payment subordination to the Obligations as reasonably determined by the Administrative Agent in good faith, and (v) if such Indebtedness is secured by a Lien ranking pari passu to the Lien securing the Senior Secured
Notes (or, to the extent that the Senior Secured Notes are no longer outstanding, secured by a Lien that would have ranked pari passu to the Lien securing the Senior Secured Notes if any of the same were outstanding), 

  
 3 

 such Indebtedness shall meet the requirements of “Additional Pari Passu Notes Obligations” under, and
as defined in, the Intercreditor Agreement and shall otherwise be subject to the terms and conditions of the Intercreditor Agreement (or, if the Intercreditor Agreement is no longer in effect because the Senior Secured Notes are no longer
outstanding at the time of the incurrence of such Additional Obligations, shall otherwise be subject to an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent (it being understood and agreed that an
intercreditor agreement in form and substance substantially similar to the Intercreditor Agreement shall be reasonably satisfactory to the Administrative Agent)). 

“Additional Obligations Documents” shall mean any agreement, document or instrument (including any guarantee, security
agreement or mortgage) issued or executed and delivered with respect to any Additional Obligations. 
 “Additional Security
Documents” shall have the meaning provided in Section 9.12. 
 “Adjustable Applicable Margins” shall
have the meaning provided in the definition of Applicable Margin. 
 “Administrative Agent” shall mean Deutsche Bank Trust
Company Americas, in its capacity as Administrative Agent for the Lenders hereunder and under the other Credit Documents, and shall include any successor to the Administrative Agent appointed pursuant to Section 12.09. 

“Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly controlling (including, but not
limited to, all directors and officers of such Person), controlled by, or under direct or indirect common control with, such Person. A Person shall be deemed to control another Person if such Person possesses, directly or indirectly, the power
(i) to vote 10% or more of the securities having ordinary voting power for the election of directors (or equivalent governing body) of such Person or (ii) to direct or cause the direction of the management and policies of such other
Person, whether through the ownership of voting securities, by contract or otherwise; provided, however, that none of the Administrative Agent, any Lender or any of their respective Affiliates shall be considered an Affiliate of
Holdings or any Subsidiary thereof. 
 “Agent Advance” shall have the meaning provided in Section 2.01(e). 

“Agent Advance Amount” shall have the meaning provided in Section 2.01(e). 

“Agent Advance Period” shall have the meaning provided in Section 2.01(e). 

“Agents” shall mean and include the Administrative Agent, the Collateral Agent, the Syndication Agent and the
Co-Documentation Agents. 
 “Aggregate Exposure” shall mean, at any time, the sum of (a) the aggregate principal
amount of all Revolving Loans then outstanding, (b) the aggregate amount of all Letter of Credit Outstandings at such time (exclusive of Letter of Credit Outstandings which are repaid with the proceeds of, and simultaneously with the incurrence
of, the respective incurrence of Loans) and (c) the aggregate principal amount of all Swingline Loans then outstanding (exclusive of Swingline Loans which are repaid with the proceeds of, and simultaneously with the incurrence of, the
respective incurrence of Revolving Loans). 
 “Agreement” shall mean this credit agreement, as modified, supplemented,
amended, restated (including any amendment and restatement hereof), extended or renewed from time to time. 

  
 4 

 “Anti-Terrorism Laws” shall have the meaning provided in
Section 8.24(a). 
 “Applicable Commitment Commission Percentage” shall mean (i) for each calendar quarter
(or, if shorter, for the period from the Effective Date through March 31, 2012) during which the daily average Aggregate Exposure for such period exceeds 50% of the Total Revolving Loan Commitment, 0.375%, and (ii) for each calendar
quarter (or, if shorter, for the period from the Effective Date through March 31, 2012) during which the daily average Aggregate Exposure for such period is less than or equal to 50% of the Total Revolving Loan Commitment, 0.50%. From and after
any Extension, with respect to any Extended Revolving Loan Commitments and Extended Loans, the Applicable Commitment Commission Percentage specified for such Extended Revolving Loan Commitments and Extended Loans shall be those set forth in the
applicable definitive documentation thereof. 
 “Applicable Margin” initially shall mean a percentage per annum equal to
(i) in the case of Revolving Loans maintained as (A) Base Rate Loans, 1.00%, and (B) LIBOR Loans, 2.00%, and (ii) in the case of Swingline Loans, 1.00%. From and after each day of delivery of any certificate delivered in
accordance with the first sentence of the following paragraph (each, a “Start Date”) to and including the applicable End Date described below, the Applicable Margins for such Type of Loans (hereinafter, the “Adjustable
Applicable Margins”) shall be those set forth below opposite the Historical Excess Availability indicated to have been achieved in any certificate delivered in accordance with the first sentence of the following paragraph: 

 

											
	 Level
	  	 Historical Excess Availability
	  	Revolving
Loans Maintained as LIBOR
Loans	 	 	Revolving Loans and
Swingline Loans
Maintained as Base
Rate Loans	 
	 I
	  	Greater than or equal to 66.7% of Availability	  	 	1.75	% 	 	 	0.75	% 
	 II
	  	Less than 66.7% of Availability but greater than or equal to 33.3% of Availability	  	 	2.00	% 	 	 	1.00	% 
	 III
	  	Less than 33.3% of Availability	  	 	2.25	% 	 	 	1.25	% 

 The Historical Excess Availability used in a determination of Adjustable Applicable Margins shall be
determined based on the delivery of a certificate of an Authorized Officer of the Borrower (each, a “Quarterly Pricing Certificate”) to the Administrative Agent (with a copy to be sent by the Administrative Agent to each Lender),
within five (5) Business Days after the last day of any calendar quarter, which Quarterly Pricing Certificate shall set forth the calculation of the Historical Excess Availability as at the last day of the calendar quarter ended immediately
prior to the relevant Start Date. The Adjustable Applicable Margins so determined shall apply, except as set forth in the succeeding sentence, from the relevant Start Date to the earlier of (x) the date on which the next Quarterly Pricing
Certificate is delivered to the Administrative Agent and (y) the date which is five (5) Business Days 

  
 5 

 following the last day of the calendar quarter in which the previous Start Date occurred (such earlier date, the
“End Date”), at which time, if no Quarterly Pricing Certificate has been delivered to the Administrative Agent (and thus commencing a new Start Date), the Adjustable Applicable Margins shall be those that correspond to a Historical
Excess Availability at Level III above (such Adjustable Applicable Margins as so determined, the “Highest Adjustable Applicable Margins”) and the Highest Adjustable Applicable Margins shall apply until a Quarterly Pricing
Certificate is delivered to the Administrative Agent (and thus commencing a new Start Date). Notwithstanding anything to the contrary contained above in this definition, (i) the Adjustable Applicable Margins shall be the Highest Adjustable
Applicable Margins at all times during which there shall exist any Event of Default, (ii) at all times prior to the date of delivery of the Quarterly Pricing Certificate for the calendar quarter ending September 30, 2012, the Adjustable
Applicable Margins shall be maintained at Level II above, (iii) from and after the most recent Incremental Commitment Date for any Incremental Commitment Agreement pursuant to which the Applicable Margins and Adjustable Applicable Margins have
been increased above the Applicable Margins and the Adjustable Applicable Margins in effect immediately prior to such Incremental Commitment Date, each of the Applicable Margins and the Adjustable Applicable Margins shall be increased to those
respective percentages per annum set forth in the applicable Incremental Commitment Agreement and (iv) from and after any Extension, with respect to any Extended Loans, the Applicable Margins and Adjustable Applicable Margins specified for such
Extended Loans shall be those specified in the applicable definitive documentation thereof. 
 “Applicable Qualifier” shall
have the meaning provided in Section 8. 
 “Asset Sale” shall mean any sale, transfer or other disposition by
Holdings or any of its Restricted Subsidiaries to any Person (including by way of redemption by such Person) other than to Holdings or a Wholly-Owned Subsidiary of Holdings that is a Restricted Subsidiary of any asset (including, without limitation,
any capital stock or other securities of, or Equity Interests in, another Person), but excluding sales, transfers or other dispositions of assets pursuant to Sections 10.02(b), (c), (g), (h), (i), (j),
(k), (m), (n), (o), (p), (q), (u) and (v). 
 “Asset Sale Proceeds
Account” shall mean one or more deposit accounts or securities accounts holding solely the proceeds of any sale or other disposition of any Senior Secured Notes Priority Collateral (and only such Collateral) that are required to be held in
such account or accounts pursuant to the terms of the Senior Secured Notes Indenture, any Additional Obligations Documents or any Refinancing Senior Secured Notes Indenture or any Additional Obligations Documents. 

“Assignment and Assumption Agreement” shall mean an Assignment and Assumption Agreement substantially in the form of
Exhibit L (appropriately completed). 
 “Authorized Officer” shall mean, with respect to (i) delivering Notices
of Borrowing, Notices of Conversion/Continuation and similar notices, any person or persons that has or have been authorized by the members or board of directors, as applicable, of the Borrower to deliver such notices pursuant to this Agreement and
that has or have appropriate signature cards or certificates of incumbency on file with the Administrative Agent, the Swingline Lender or the respective Issuing Lender, (ii) delivering financial information and officer’s certificates
pursuant to this Agreement, the chief financial officer, the treasurer or the principal accounting officer of Holdings or the Borrower, and (iii) any other matter in connection with this Agreement or any other Credit Document, any officer (or a
person or persons so designated by any two (2) officers) of the applicable Credit Party. 
 “Availability” at any time
shall mean the lesser of (i) the Borrowing Base at such time and (ii) the Total Revolving Loan Commitment at such time. 

  
 6 

 “Bankruptcy Code” shall have the meaning provided in Section 11.05.

 “Base Rate” shall mean, at any time, the highest of (i) the Prime Lending Rate at such time, (ii)  1⁄2 of 1% per annum in excess of the overnight Federal Funds Rate at such time, and (iii) the LIBO Rate for a LIBOR Loan denominated in Dollars with a
one month Interest Period commencing on such day plus 1.00%. For purposes of this definition, the LIBO Rate shall be determined using the LIBO Rate as otherwise determined by the Administrative Agent in accordance with the definition of LIBO Rate,
except that (x) if a given day is a Business Day, such determination shall be made on such day (rather than two (2) Business Days prior to the commencement of an Interest Period) or (y) if a given day is not a Business Day, the LIBO
Rate for such day shall be the rate determined by the Administrative Agent pursuant to preceding clause (x) for the most recent Business Day preceding such day. Any change in the Base Rate due to a change in the Prime Lending Rate, the Federal
Funds Rate or such LIBO Rate shall be effective as of the opening of business on the day of such change in the Prime Lending Rate, the Federal Funds Rate or such LIBO Rate, respectively. 

“Base Rate Loan” shall mean (i) each Swingline Loan and (ii) each Revolving Loan designated or deemed designated as
such by the Borrower at the time of the incurrence thereof or conversion thereto. 
 “BG Cards” shall mean BG Cards, LLC, a
South Carolina limited liability company. 
 “Board” shall mean the Board of Governors of the Federal Reserve System of the
United States. 
 “Book-Entry Shares” shall have the meaning provided in the Merger Agreement. 

“Borrower” shall have the meaning provided in the first paragraph of this Agreement. 

“Borrowing” shall mean the borrowing of one Type of Revolving Loan from all the Lenders, or from the Swingline Lender in the
case of Swingline Loans, on a given date (or resulting from a conversion or conversions on such date) having in the case of LIBOR Loans the same Interest Period, provided that Base Rate Loans incurred pursuant to Section 2.10(b)
shall be considered part of the related Borrowing of LIBOR Loans. 
 “Borrowing Base” shall mean, as of any date of
calculation, the amount calculated pursuant to the Borrowing Base Certificate most recently delivered to the Collateral Monitors in accordance with Section 9.01(j) (but as modified as provided below in this definition), equal to, without
duplication, the sum of: 
 (a) 85% of the book value of Eligible Pharmacy Accounts at such time; 

(b) 90% of the book value of Eligible Credit Card Accounts at such time; 

(c) the lesser of (i) 70% of the Value of Eligible Inventory and (ii) the sum of (x) 90% of the Net Orderly Liquidation Value of
Eligible Retail Inventory and (y) 90% of the Net Orderly Liquidation Value of Eligible Pharmacy Inventory; and 
 (d) the lesser of
(I) 85% of the product of (i) the average net value per Pharmacy Script based on the most recent appraisal of Pharmacy Scripts received by the Administrative Agent multiplied by (ii) the number of Eligible Pharmacy Scripts
filled over the trailing 13 Fiscal Months of the Borrower; provided that such amount may be reduced or increased (but in no event shall the advance rate 

  
 7 

 in respect of Eligible Pharmacy Scripts be increased to an amount greater than 85%), at the Administrative
Agent’s option in its Permitted Discretion, to reflect (A) any sales or acquisitions of Eligible Pharmacy Scripts, (B) reductions or increases in the number of prescriptions, the average volume of prescriptions being filled or the
average dollar amount of prescription values, (C) any change in the mix of the types of payors with respect to prescriptions, (D) any statutory or regulatory changes after the date hereof that affect the transferability of the Pharmacy
Scripts or (E) any other changes to the factors identified in any appraisal that affect the amount that may be recovered by the Collateral Agent from the sale or other disposition of the Pharmacy Scripts; provided, further, that
the amount of any reduction shall have a reasonable relationship to the event, condition or other matter which is the basis for such reduction as determined by the Administrative Agent in its Permitted Discretion and (II) $150,000,000; 

in each case less (a) the sum of (i) the Rent Reserve and (ii) other Reserves then established by the Collateral Monitors in their Permitted
Discretion and (b) to the extent that, at any time, the aggregate Stated Amount of all outstanding Letters of Credit (plus any Unpaid Drawings related thereto) is less than the amount by which the Borrowing Base at such time (determined without
giving effect to this clause (b)) exceeds the Maximum Indenture Availability at such time, the amount of such shortfall. 
 The Collateral Monitors shall
have the right (but not the obligation) to review such computations and if they shall have reasonably determined in good faith in their Permitted Discretion that such computations have not been calculated in accordance with the terms of this
Agreement, the Collateral Monitors shall have the right to correct any such errors. 
 Notwithstanding the foregoing, on the Effective Date (but not at any
time thereafter), the Borrowing Base shall be equal to the greater of (i) the Borrowing Base as calculated in accordance with the provisions above in this definition and (ii) $440,000,000 less the Borrowing Base Value of any assets
or businesses sold or divested on or prior to the Effective Date pursuant to Section 5.6(e) of the Merger Agreement. After the Effective Date, the Borrowing Base shall be calculated in accordance with the provisions of this definition without
regard to this paragraph. For the purposes hereof, “Borrowing Base Value” shall mean, with respect to any assets or businesses, the amount by which the Borrowing Base determined by clause (i) in the immediately preceding
sentence is reduced as a result of the sale or divestiture of such assets or businesses on or prior to the Effective Date. 

“Borrowing Base Certificate” shall have the meaning provided in Section 9.01(j). 

“Bruno’s” shall have the meaning provided in the definition of Bruno Litigation. 

“Bruno Litigation” shall mean any and all litigation and proceedings arising from or relating to (1) that certain
adversary proceeding numbered 7:11-ap-80214(HB), which is pending as of the Effective Date in the United States Bankruptcy Court for the District of South Carolina; (2) the proof of claim, as amended, filed by William Kaye, Liquidating Trustee
for BFW Liquidation, LLC f/k/a Bruno’s Supermarkets, LLC (“Bruno’s”), in the chapter 11 bankruptcy cases of the Borrower, Holdings and their reorganized-debtor affiliates (case no. 09-02140(HB) (Bankr. D.S.C.));
(3) the objections and responses of the Borrower, Holdings and their reorganized-debtor affiliates to the claims asserted in such proof of claim (and any and all amendments thereto), which, to the extent such claims were to be ultimately
allowed in the bankruptcy cases of the Borrower, Holdings and their reorganized-debtor affiliates, will be treated as “Class 5 Claims” under the confirmed and effective plan of reorganization in those cases and paid by LSF5 Grocery
Holdings, LLC, the “Investor” under such plan, with any such payments guaranteed by Lone Star Fund V (U.S.), L.P. and Lone Star Fund V (Bermuda), L.P.; (4) proceedings in or relating to Bruno’s bankruptcy case before the United
States Bankruptcy Court for the Northern District of Alabama (case no. 09-00634(BGC) and adv. pro. no. 11-00421(BGC)), regarding which the Borrower, Holdings and their reorganized-debtor affiliates are interested parties, including those 

  
 8 

 proceedings pertaining to the claims the Borrower, Holdings and their reorganized-debtor affiliates filed against
Bruno’s in the Bruno’s bankruptcy case and claims of third parties against Bruno’s that have been acquired by the Borrower, and Bruno’s objections and responses thereto; (5) any and all proceedings relating to the claims of
the United Food Commercial Workers Unions and Employers Pension Fund asserted against the Borrower, Holdings, their reorganized-debtor affiliates, Bruno’s, and/or any other previously or currently affiliated entities, including, without
limitation, case no. 1:09-cv-2886, which is pending as of the Effective Date in the United States District Court for the Northern District of Georgia, Atlanta Division; and (6) any and all proceedings, both in and out of court, related to any
of the foregoing, including any and all appeals emanating therefrom, including, without limitation, case nos. 11-2193 and 11-2218, which are currently pending as of the Effective Date before the United States Court of Appeals for the Fourth Circuit.

 “Business” shall mean any corporation, limited liability company, partnership or other business entity (or the
adjectival form thereof, where appropriate) or the equivalent of the foregoing in any foreign jurisdiction. 
 “Business
Day” shall mean (i) for all purposes other than as covered by clause (ii) below, any day except Saturday, Sunday and any day which shall be in New York, New York, a legal holiday or a day on which banking institutions are
authorized or required by law or other government action to close and (ii) with respect to all notices and determinations in connection with, and payments of principal and interest on, LIBOR Loans, any day which is a Business Day described in
clause (i) above and which is also a day for trading by and between banks in U.S. dollar deposits in the London interbank market. 

“Calculation Period” shall mean, with respect to any Permitted Acquisition or any other event expressly required to be
calculated on a Pro Forma Basis pursuant to the terms of this Agreement, the Test Period most recently ended prior to the date of such Permitted Acquisition or other event for which financial statements have been delivered to the Lenders pursuant to
this Agreement. 
 “Capital Expenditures” shall mean, with respect to any Person, all expenditures by such Person which
should be capitalized in accordance with GAAP and, without duplication, the amount of all Capitalized Lease Obligations incurred by such Person, excluding (a) interest capitalized during construction of a new store, distribution center or
warehouse, (b) any expenditure to the extent, for purposes of the definition of Permitted Acquisition or any other Investment permitted by Section 10.05(p) or (r), such expenditure is part of the aggregate consideration for
any Permitted Acquisition or such other Investment consummated during or prior to such period, (c) expenditures that are accounted for as capital expenditures of such Person and that actually are paid for by a third party (excluding Holdings or
any of its Restricted Subsidiaries) and for which neither Holdings nor any of its Restricted Subsidiaries has provided or is required to provide or incur, directly or indirectly, any consideration or obligation to such third party or any other
Person (whether before, during or after such period) and (d) the purchase price of equipment purchased during such period to the extent the consideration consists of any combination of (i) used or surplus equipment traded in at the time of
such purchase and (ii) the proceeds of a substantially concurrent sale of used or surplus equipment, in each case, in the ordinary course of business. 

“Capitalized Lease Obligations” shall mean, with respect to any Person, all rental obligations of such Person which, under
GAAP, are or will be required to be capitalized on the books of such Person, in each case taken at the amount thereof accounted for as indebtedness in accordance with such principles. 

“Cash Equivalents” shall mean, as to any Person, (i) securities issued or directly and fully guaranteed or insured by
the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than 12 

  
 9 

 months from the date of acquisition, (ii) marketable direct obligations issued by any state of the United
States or any political subdivision of any such state or any public instrumentality thereof maturing within 12 months from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable from either
S&P or Moody’s, (iii) Dollar-denominated time deposits, certificates of deposit and bankers acceptances of any Lender or any commercial bank having, or which is the principal banking subsidiary of a bank holding company having, a
long-term unsecured debt rating of at least “A” or the equivalent thereof from S&P or “A2” or the equivalent thereof from Moody’s with maturities of not more than 12 months from the date of acquisition by such Person,
(iv) repurchase obligations with a term of not more than 30 days for underlying securities of the types described in clause (i) above entered into with any bank meeting the qualifications specified in clause (iii) above, (v) commercial
paper issued by any Person incorporated in the United States rated at least A-1 or the equivalent thereof by S&P or at least P-1 or the equivalent thereof by Moody’s and in each case maturing not more than 12 months after the date of
acquisition by such Person and (vi) investments in money market funds at least 95% of whose assets are comprised of securities of the types described in clauses (i) through (v) above. 

“Cash Management Control Agreement” shall mean a “control agreement” in form and substance reasonably acceptable to
the Administrative Agent and containing terms regarding the treatment of all cash and other amounts on deposit in the respective Deposit Account governed by such Cash Management Control Agreement consistent with the requirements of
Section 5.03. 
 “Certificates” shall have the meaning provided in the Merger Agreement. 

“CFC” shall mean a “controlled foreign corporation” within the meaning of section 957 of the Code. 

“Change of Control” shall mean (i) Holdings shall at any time cease to own directly 100% of the Equity Interests of the
Borrower, (ii) prior to the occurrence of a Qualified IPO, the Permitted Holders shall at any time and for any reason fail to own at least a majority of Holdings’ Voting Stock (determined on a fully diluted basis and based on the number of
votes, rather than number of shares), (iii) prior to the occurrence of a Qualified IPO, any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than the Permitted Holders,
shall have obtained the power (whether or not exercised) to elect a majority of the Board of Directors of Holdings, (iv) after the occurrence of a Qualified IPO, the Permitted Holders shall at any time and for any reason fail to own at least
35% of Holdings’ Voting Stock (determined on a fully diluted basis and based on the number of votes, rather than number of shares), (v) after the occurrence of a Qualified IPO, any “person” or “group” (as such terms are
used in Sections 13(d) and 14(d) of the Exchange Act), other than the Permitted Holders, is or shall become the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of a percentage of
Holdings’ Voting Stock greater than the percentage held by Permitted Holders (determined on a fully diluted basis and based on the number of votes, rather than number of shares), (vi) from and after a Qualified IPO, the Board of Directors
of Holdings shall cease to consist of a majority of Continuing Directors or (vii) a “change of control” or similar event shall occur as provided in any Senior Secured Notes Document, Refinancing Senior Secured Notes Document, any
Additional Obligations Document or any Qualified Preferred Stock of Holdings (or the documentation governing the same). 
 “Chattel
Paper” shall mean “chattel paper” (as such term is defined in Article 9 of the UCC). 

  
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 “Co-Documentation Agents” shall mean SunTrust Bank, TD Bank, N.A. and Wells
Fargo Bank, National Association, each in its capacity as documentation agent for the Lenders hereunder and under the other Credit Documents. 

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated and
rulings issued thereunder. Section references to the Code are to the Code, as in effect at the date of this Agreement and any subsequent provisions of the Code, amendatory thereof, supplemental thereto or substituted therefor. 

“Collateral” shall mean all property (whether real or personal) with respect to which any security interests have been
granted (or purported to be granted) pursuant to any Security Document, including, without limitation, all Pledge Agreement Collateral, all Security Agreement Collateral, all Mortgaged Properties and all cash and Cash Equivalents delivered as
collateral pursuant to Section 5.02 or Section 11. 
 “Collateral Agent” shall mean Deutsche Bank
Trust Company Americas in its capacity as collateral agent for the Secured Creditors pursuant to the Security Documents and shall include any successor to the Collateral Agent as provided in Section 12.09. 

“Collateral Monitors” shall mean Citibank, N.A., Deutsche Bank Trust Company Americas and Wells Fargo Bank, National
Association, in their capacities as Collateral Monitors hereunder. 
 “Collection Account” shall mean each account
established at a Collection Bank subject to a Cash Management Control Agreement into which funds shall be transferred as provided in Section 5.03(b). 

“Collection Banks” shall have the meaning provided in Section 5.03(b). 

“Commingled Inventory” shall mean Inventory of any Qualified Credit Party that is commingled (whether pursuant to a
consignment, a toll manufacturing agreement or otherwise) with Inventory of another Person (other than another Qualified Credit Party) at a location owned or leased by a Qualified Credit Party, but only to the extent that such Inventory of such
Qualified Credit Party is not readily identifiable as separate from such Inventory of such other Person. 
 “Commitment
Commission” shall have the meaning provided in Section 4.01(a). 
 “Compliance Period” shall mean any
period (a) commencing on the date on which Excess Availability is less than the greater of (i) 12.5% of Availability at such time and (ii) $70,000,000 and (b) ending on the first date thereafter on which Excess Availability has
been equal to or greater than the greater of (i) 12.5% of Availability at such time and (ii) $70,000,000, in either case for 30 consecutive days. 

“Confidential Information Memorandum” shall mean the Confidential Information Memorandum dated February 7, 2012 for
syndication of the ABL Facility. 
 “Concentration Account” shall have the meaning provided in Section 5.03(c).

 “Consolidated EBITDA” shall mean, for any period, Consolidated Net Income for such period (without giving effect to
(x) any extraordinary gains or losses (including any extraordinary charges), (y) any non-cash income, and (z) any gains or losses from sales of assets other than inventory 

  
 11 

 sold in the ordinary course of business) adjusted by (A) adding thereto (in each case to the extent deducted
in determining Consolidated Net Income for such period), without duplication, the amount of (i) total interest expense (inclusive of amortization of deferred financing fees and other original issue discount and banking fees, charges and
commissions (e.g., letter of credit fees and commitment fees)) of Holdings and its Restricted Subsidiaries determined on a consolidated basis for such period, (ii) provision for taxes based on income and foreign withholding taxes for Holdings
and its Restricted Subsidiaries (including state, franchise, capital and similar taxes paid or accrued) determined on a consolidated basis for such period, (iii) all depreciation and amortization expense of Holdings and its Restricted
Subsidiaries determined on a consolidated basis for such period, (iv) the amount of all fees, expenses and charges incurred in connection with the Transaction during such period, (v) all costs and litigation expenses (other than, for the
avoidance of doubt, amounts payable in respect of any judgments or settlements of any proceeding) incurred in connection with litigation (including shareholder litigation), investigations and other proceedings relating to the Transaction and the
Bruno Litigation during such period, (vi) any unusual or non-recurring charges and any restructuring charges or reserves (which, for the avoidance of doubt, shall include retention, severance, system establishment costs, integration costs,
business optimization expense, excess pension charges, contract and lease termination costs and costs to consolidate or close facilities or stores and relocate or terminate employees) for such period (x) incurred in connection with a Permitted
Acquisition consummated after the Effective Date, (y) incurred at any time in connection with Holdings’ and its Restricted Subsidiaries’ or the Acquired Business’ bankruptcy proceedings and related corporate reorganization that
occurred prior to the Effective Date (including post-emergence bankruptcy related professional fees) or (z) otherwise incurred in connection with Holdings’ and its Restricted Subsidiaries’ operations in an amount under this clause
(z) not to exceed 10% of Consolidated EBITDA for such period (as determined prior to giving effect to any adjustments pursuant to this clause (vi)), (vii) management fees and expenses accrued or paid to the Sponsor and/or its associated
management companies as permitted hereunder for such period, (viii) any expenses in connection with any actual or proposed Investment, incurrence or repayment of Indebtedness, issuance of Equity Interests or acquisition or disposition outside
the ordinary course of business for such period, whether or not consummated, (ix) expenses incurred to the extent covered by indemnification provisions in any agreement in connection with an acquisition to the extent reimbursed in cash to
Holdings or any of its Restricted Subsidiaries and such indemnification payments are not otherwise included in Consolidated Net Income, in each case, for such period, (x) proceeds received by Holdings or any of its Restricted Subsidiaries from
any business interruption insurance to the extent such proceeds are not otherwise included in Consolidated Net Income for such period, (xi) all losses for such period that are directly attributable to discontinued operations and closed stores
of Holdings or its Restricted Subsidiaries existing on or at any time prior to the end of the Fiscal Year ending closest to December 29, 2012, (xii) the amount of net cost savings, operating expense reductions, other operating improvements
and acquisition synergies projected by Holdings in good faith to be realized during such period (calculated on a pro forma basis as though such items had been realized on the first day of such period) as a result of actions taken or to be taken in
connection with the Transactions, net of the amount of actual benefits realized during such period that are otherwise included in the calculation of Consolidated EBITDA from such actions; provided that (A) a duly completed certificate
signed by a Responsible Officer of Holdings shall be delivered to the Administrative Agent certifying that (x) such cost savings, operating expense reductions and synergies are factually supportable and identifiable cost savings and expenses
which are contemplated by the Confidential Information Memorandum and (y) such actions are to be taken within in the case of any such cost savings, operating expense reductions and synergies in connection with the Transactions, twenty-four
(24) months after the Effective Date, (B) no cost savings, operating expense reductions and synergies shall be added pursuant to this clause (xii) to the extent duplicative of any expenses or charges otherwise added to Consolidated
EBITDA, whether through a pro forma adjustment or otherwise, for such period, and (C) projected amounts (and not yet realized) may no longer be added in calculating Consolidated EBITDA pursuant to this clause (xii) to the
extent occurring more than four full fiscal quarters after the specified action taken in order to realize such projected cost savings, operating 

  
 12 

 expense reductions and synergies; and (xiii) all non-cash charges of Holdings and its Restricted
Subsidiaries determined on a consolidated basis for such period (including any impairment charge or asset write-off or write-down, non-cash compensation expenses, and the non-cash impact of acquisition method accounting), and (B) subtracting
therefrom (to the extent not otherwise deducted in determining Consolidated Net Income for such period) the amount of, without duplication, (i) all gains for such period that are directly attributable to those discontinued operations and closed
stores of Holdings or any of its Restricted Subsidiaries existing on or at any time prior to the Fiscal Year ending closest to December 29, 2012, and (ii) all cash payments or cash charges made (or incurred) by Holdings or any of its
Restricted Subsidiaries for such period on account of any non-cash charges added back to Consolidated EBITDA pursuant to preceding sub-clause (A)(xiii) in a previous period. For the avoidance of doubt, it is understood and agreed that, to the extent
any amounts are excluded from Consolidated Net Income by virtue of the proviso to the definition thereof contained herein, any add backs to (and subtractions from) Consolidated Net Income in determining Consolidated EBITDA as provided above shall be
limited (or denied) in a fashion consistent with the proviso to the definition of Consolidated Net Income contained herein. Notwithstanding anything to the contrary contained above in this definition, for the purposes of determining Consolidated
EBITDA for any Test Period which ends prior to April 20, 2013, Consolidated EBITDA for all portions of such period occurring on or prior to April 21, 2012 shall be calculated in accordance with the second sentence of the definition of Test
Period contained herein. 
 “Consolidated Indebtedness” shall mean, at any time, the sum of (without duplication)
(a) all Indebtedness of Holdings and its Restricted Subsidiaries (on a consolidated basis) as would be required to be reflected as debt or Capitalized Lease Obligations on the liability side of a consolidated balance sheet of Holdings and its
Restricted Subsidiaries in accordance with GAAP, (b) all unpaid drawings and unreimbursed payments in respect of Indebtedness of Holdings and its Subsidiaries of the type described in clause (ii) of the definition of Indebtedness, and
(c) all Contingent Obligations of Holdings and its Subsidiaries in respect of Indebtedness of any third Person of the type referred to in preceding clauses (a) and (b). 

“Consolidated Interest Expense” shall mean, for any period, (i) the total consolidated cash interest expense of Holdings
and its Restricted Subsidiaries (including, without limitation, all commissions, discounts and other commitment and banking fees and charges (e.g., fees with respect to letters of credit, Interest Rate Protection Agreements and Other Hedging
Agreements) for such period, adjusted to exclude (to the extent same would otherwise be included in the calculation above in this clause (i)) the amortization or write-off of any deferred financing costs for such period and any interest expense
actually “paid in kind” or accreted during such period, plus (ii) without duplication, (x) that portion of Capitalized Lease Obligations of Holdings and its Restricted Subsidiaries on a consolidated basis representing the
interest factor for such period and (y) the “deemed interest expense” (i.e., the interest expense which would have been applicable if the respective obligations were structured as on-balance sheet financing arrangements) with respect
to all Indebtedness of Holdings and its Restricted Subsidiaries of the type described in clause (vii) of the definition of Indebtedness contained herein (to the extent same does not arise from a financing arrangement constituting an operating
lease) for such period. 
 “Consolidated Net Income” shall mean, for any period, the net income (or loss) of Holdings and
its Restricted Subsidiaries determined on a consolidated basis for such period (taken as a single accounting period) in accordance with GAAP; provided that the following items shall be excluded in computing Consolidated Net Income (without
duplication): (i) the net income (or loss) of any Person in which a Person or Persons other than Holdings and its Wholly-Owned Subsidiaries has an Equity Interest or Equity Interests to the extent of such Equity Interests held by Persons other
than Holdings and its Wholly-Owned Subsidiaries in such Person, (ii) except for determinations expressly required to be made on a Pro Forma Basis, the net income (or loss) of any Person accrued prior to the date it becomes a 

  
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 Restricted Subsidiary or all or substantially all of the property or assets of such Person are acquired by a
Restricted Subsidiary and (iii) the net income of any Restricted Subsidiary of the Borrower to the extent that the declaration or payment of cash dividends or similar cash distributions by such Restricted Subsidiary of such net income is not at
the time permitted by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such Restricted Subsidiary. 

“Consolidated Total Assets” shall mean, as of any date, the amount which, in accordance with GAAP, would be set forth under
the caption “Total Assets” (or any like caption) on a consolidated balance sheet of (a) with respect to any calculation of “Consolidated Total Assets” pursuant to Section 9.18, Holdings and its Subsidiaries and
(b) with respect to any other calculation of “Consolidated Total Assets” hereunder, Holdings and its Restricted Subsidiaries, in each case, as at the end of the most recently ended Fiscal Quarter of Holdings for which internal
financial statements are available (giving pro forma effect to any Permitted Acquisitions or other acquisitions or dispositions of assets or properties that have been made by Holdings or any of its Subsidiaries or Restricted Subsidiaries (as
applicable) subsequent to the date of such balance sheet, including through mergers or consolidations to the extent financial statements are then available for such acquired assets or properties). 

“Contingent Obligation” shall mean, as to any Person, any obligation of such Person as a result of such Person being a
general partner of any other Person, unless the underlying obligation is expressly made non-recourse as to such general partner, and any obligation of such Person guaranteeing or intended to guarantee any Indebtedness, leases, dividends or other
obligations (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent, (i) to
purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (x) for the purchase or payment of any such primary obligation or (y) to maintain working capital
or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary
obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the holder of such primary obligation against loss in respect thereof; provided, however,
that the term Contingent Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or
determinable amount of the primary obligation in respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform
thereunder) as determined by such Person in good faith. 
 “Continuing Directors” shall mean the directors of Holdings on
the Effective Date and each other director of Holdings if such director’s nomination for election to the Board of Directors of Holdings is recommended by a majority of the then Continuing Directors. 

“Credit Account” shall have the meaning provided in Section 5.03(e). 

“Credit Card Agreements” shall mean all agreements or notices in effect as of the Effective Date (so long as such agreements
have been delivered to the Administrative Agent prior to the Effective Date) and each other agreement or notice in form and substance reasonably satisfactory to the Administrative Agent now or hereafter entered into by any Credit Party, in each
case, with any credit card issuer or any credit card processor, as the same may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, including, without limitation, any agreements or notices entered into in
connection with any Private Label Credit Cards; provided that any such credit card agreement or notice shall provide, among other things, that each such credit card processor shall transfer all proceeds 

  
 14 

 due with respect to credit card charges for sales (net of expenses and chargebacks of the credit card issuer or
processor) by such Credit Party received by it (or other amounts payable by such credit card processor) into a designated concentration account on a daily basis, or on such other basis as the Administrative Agent may agree in writing in the exercise
of its Permitted Discretion. 
 “Credit Card Receivables” shall mean, collectively, all present and future rights of the
Credit Parties to payment from (a) any Qualified Credit Card Issuer or Qualified Credit Card Processor arising from sales of goods or rendition of services to customers who have purchased such goods or services using a credit or debit card and
(b) any Qualified Credit Card Issuer or Qualified Credit Card Processor in connection with the sale or transfer of Accounts arising pursuant to the sale of goods or rendition of services to customers who have purchased such goods or services
using a credit card or a debit card, including, but not limited to, all amounts at any time due or to become due from any Qualified Credit Card Issuer or Qualified Credit Card Processor under the Credit Card Agreements or otherwise. 

“Credit Documents” shall mean this Agreement, the Subsidiaries Guaranty, the Pledge Agreement, the Security Agreement, the
Intercreditor Agreement and, after the execution and delivery thereof pursuant to the terms of this Agreement, each Note, each Incremental Commitment Agreement, each Joinder Agreement, each Mortgage and each other Security Document. 

“Credit Event” shall mean the making of any Loan or the issuance, amendment, extension or renewal of any Letter of Credit
(other than any amendment, extension or renewal that does not increase the maximum Stated Amount of such Letter of Credit). 

“Credit Party” shall mean Holdings, the Borrower and each Subsidiary Guarantor. 

“Customer Credit Liabilities” shall mean, at any time, the aggregate remaining balance at such time of outstanding gift
certificates and gift cards of the Qualified Credit Parties entitling the holder thereof to use all or a portion of the certificate or gift card to pay all or a portion of the purchase price for any Inventory. 

“Customer Credit Liabilities Reserve” shall mean, as of any date, an amount equal to 50% of the Customer Credit Liabilities.

 “DB Account” shall have the meaning provided in Section 5.03(d). 

“Default” shall mean any event, act or condition which with notice or lapse of time, or both, would constitute an Event of
Default. 
 “Defaulting Lender” shall mean any Lender with respect to which a Lender Default is in effect. 

“Deposit Account” shall mean a demand, time, savings, passbook or like account with a bank, savings and loan association,
credit union or like organization. 
 “Designation Date” shall have the meaning provided in Section 9.18. 

“Disbursement Account” shall mean each checking and/or disbursement account maintained by each Credit Party for their
respective general corporate purposes, including for the purpose of paying their trade payables and other operating expenses. 

  
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 “Dividend” shall mean, with respect to any Person, that such Person has paid a
dividend, distribution or returned any equity capital to its stockholders, partners or members or made any other distribution, payment or delivery of property (other than common Equity Interests of such Person) or cash to its stockholders, partners
or members, in each case in their capacity as such, or redeemed, retired, purchased or otherwise acquired, directly or indirectly, for a consideration (other than common Equity Interests of such Person) any shares of any class of its capital stock
or any other Equity Interests outstanding on or after the Effective Date (or any options or warrants issued by such Person with respect to its capital stock or other Equity Interests), or set aside any funds for any of the foregoing purposes, or
shall have permitted any of its Subsidiaries to purchase or otherwise acquire for a consideration (other than common Equity Interests of such Person) any shares of any class of the capital stock or any other Equity Interests of such Person
outstanding on or after the Effective Date (or any options or warrants issued by such Person with respect to its capital stock or other Equity Interests). Without limiting the foregoing, “Dividends” with respect to any Person shall also
include all payments made by such Person with respect to any stock appreciation rights, plans, equity incentive or achievement plans or any similar plans or setting aside of any funds for the foregoing purposes. 

“Dollars” and the sign “$” shall each mean freely transferable lawful money of the United States. 

“Domestic Subsidiary” of any Person shall mean any Restricted Subsidiary of such Person incorporated or organized in the
United States or any State thereof or the District of Columbia. 
 “Dominion Period” shall mean any period
(a) commencing on the date on which (x) an Event of Default has occurred and is continuing or (y) Excess Availability shall have been less than the greater of (i) 15.0% of Availability at such time or (ii) $85,000,000, in
each case, for a period of five (5) consecutive Business Days and (b) ending on the first date thereafter on which (1) no Event of Default exists and (2) Excess Availability has been equal to or greater than the greater of
(i) 15.0% of Availability at such time and (ii) $85,000,000, in each case, for a period of 30 consecutive days. 

“Drawing” shall have the meaning provided in Section 3.05(b). 

“Effective Date” shall have the meaning provided in Section 13.10. 

“Eligible Accounts” shall mean, collectively, the Eligible Credit Card Accounts and the Eligible Pharmacy Accounts. 

“Eligible Credit Card Accounts” shall mean all of the Credit Card Receivables of the Qualified Credit Parties that arise in
the ordinary course of their business, that have been earned by performance, that comply in all material respects with each of the representations and warranties respecting Eligible Accounts made in the Credit Documents, and that are not excluded as
ineligible by virtue of one or more of the excluded criteria set forth below; provided, however, that such criteria may be revised from time to time by the Collateral Monitors in their Permitted Discretion to address the results of any
audit or other collateral examination performed by or on behalf of the Administrative Agent and/or the Collateral Monitors from time to time after the Effective Date, except to the extent any such revision would result in any of the criteria set
forth below being less restrictive than as set forth herein. In determining the amount to be included, Eligible Credit Card Accounts shall be calculated net of customer deposits, unapplied cash, bonding subrogation rights to the extent not cash
collateralized, any and all returns, accrued rebates, discounts (which may, at the Collateral Monitors’ option, be calculated on shortest terms), credits, allowances or sales or excise taxes of any nature at any time issued, owing, claimed by
Account Debtors, granted, outstanding or payable in connection with such Accounts at such time. Eligible Credit Card Accounts shall not include the following: 

  
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 (a) Credit Card Receivables due from Qualified Credit Card Processors or Qualified Credit Card
Issuers that have been outstanding for more than five (5) Business Days from the date of sale; 
 (b) Credit Card Receivables due
from Qualified Credit Card Processors or Qualified Credit Card Issuers with respect to which the Qualified Credit Parties do not have good, valid and marketable title thereto, free and clear of any Lien (other than (x) Liens in favor of the
Collateral Agent on behalf of the Secured Creditors, (y) Permitted Liens described in Section 10.01(a)(i) and (z) junior Permitted Liens described in Sections 10.01(d)(ii), (iii) and (iv)); 

(c) Credit Card Receivables due from Qualified Credit Card Processors or Qualified Credit Card Issuers that are not subject to a valid and
perfected First Priority Lien in favor of the Collateral Agent on behalf of the Secured Creditors pursuant to the relevant Security Documents as provided in the Intercreditor Agreement; 

(d) Credit Card Receivables due from Qualified Credit Card Processors or Qualified Credit Card Issuers which are disputed, or with respect
to which a claim, counterclaim, offset or chargeback has been asserted, by the related credit card processor (but only to the extent of such dispute, counterclaim, offset or chargeback); 

(e) Credit Card Receivables due from Qualified Credit Card Processors or Qualified Credit Card Issuers as to which the credit card
processor has the right under certain circumstances to require the Qualified Credit Parties to repurchase such Credit Card Receivables from such credit card processor; 

(f) except as otherwise approved by the Collateral Monitors, Credit Card Receivables due from Qualified Credit Card Processors or
Qualified Credit Card Issuers as to which the Administrative Agent has not received a Credit Card Agreement; 
 (g) Accounts due from
Qualified Credit Card Processors or Qualified Credit Card Issuers (other than Visa, MasterCard, American Express, Carte Blanche, Diners Club and Discover) which the Collateral Monitors determine, in their Permitted Discretion, to be unlikely to be
collected; or 
 (h) except as otherwise approved by the Collateral Monitors in their Permitted Discretion, Credit Card Receivables of
the Qualified Credit Parties arising from Private Label Credit Cards. 
 The Collateral Monitors shall have the right, upon notice to the
Borrower, to establish, modify or eliminate Reserves against Eligible Credit Card Accounts (including, without limitation, for estimates, chargeback or other accrued liabilities or offsets by credit card processors and amounts to adjust for material
claims, offsets, defenses or counterclaims or other material disputes with an Account Debtor) from time to time in their Permitted Discretion, except that any such Reserves shall not be duplicative of adjustments of the amount of Eligible Credit
Card Receivables pursuant to the other provisions of this definition. 
 “Eligible Inventory” shall mean all of the
Inventory owned by any Qualified Credit Party which shall be “Eligible Pharmacy Inventory” or “Eligible Retail Inventory”, as applicable for purposes of this Agreement, except any Inventory as to which any of the exclusionary
criteria set forth below applies. Eligible Inventory shall not include any Inventory of a Qualified Credit Party that: 
 (a) consists of
work-in-process or raw materials; 
 (b) in the Collateral Monitors’ Permitted Discretion or in the reasonable determination of the
Borrower’s management is obsolete, unsalable, shopworn, damaged or unfit for sale; 

  
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 (c) is not of a type held for sale by the applicable Qualified Credit Party in the ordinary
course of business as is being conducted by each such Qualified Credit Party; 
 (d) is not subject to a First Priority Lien in favor of
the Collateral Agent on behalf of the Secured Creditors as provided in the Intercreditor Agreement; 
 (e) is not owned by a Qualified
Credit Party free and clear of all Liens and rights of any other Person (including the rights of a purchaser that has made progress payments and the rights of a surety that has issued a bond to assure a Qualified Credit Party’s performance with
respect to that Inventory), except (x) the First Priority Lien in favor of the Collateral Agent, on behalf of the Secured Creditors, (y) the junior Permitted Liens under Sections 10.01(d)(ii), (iii) and
(iv) in favor of (i) the Senior Secured Notes Agent on behalf of the Senior Secured Notes Secured Parties, (ii) the holders of any Additional Obligations (or any agent, trustee or other Person acting in a similar capacity on
behalf of such holders) and (iii) the Refinancing Senior Secured Notes Agent on behalf of the Refinancing Senior Secured Notes Secured Parties, and (z) First Priority Priming Liens; 

(f) except for Inventory of a Qualified Credit Party located at a retail store owned, leased or rented by a Qualified Credit Party,
(i) is not located on premises owned, leased or rented by a Qualified Credit Party and in the case of leased or rented premises unless either (x) a reasonably satisfactory Landlord Personal Property Collateral Access Agreement has been
delivered to the Administrative Agent or (y) Reserves reasonably satisfactory to the Collateral Monitors have been established with respect thereto or (ii) is stored with a bailee or warehouseman, unless either (x) a reasonably
satisfactory and acknowledged bailee or warehouseman letter has been received by the Administrative Agent or (y) Reserves reasonably satisfactory to the Collateral Monitors have been established with respect thereto, or (iii) is located at
an owned location subject to a mortgage or other security interest in favor of a creditor other than the Collateral Agent or the Senior Secured Notes Agent unless either (x) a Landlord Personal Property Collateral Access Agreement has been
delivered to the Administrative Agent or (y) Reserves reasonably satisfactory to the Collateral Monitors have been established with respect thereto, other than Inventory, in any such case, for which the foregoing is not required by the
Collateral Monitors; 
 (g) is placed on consignment unless Reserves reasonably satisfactory to the Collateral Monitors have been
established with respect thereto; 
 (h) is in transit, except Inventory up to a maximum aggregate amount of $20,000,000 at any time
that is in transit (A) between locations owned or leased by one or more Qualified Credit Parties, (B) within the United States and is under the control of one or more Qualified Credit Parties and, in the case of clause (B), with respect to
which Reserves reasonably satisfactory to the Collateral Monitors and determined in the Collateral Monitors’ Permitted Discretion have been established with respect thereto or (C) to the extent supported by a letter of credit and is owned
by a Qualified Credit Party; 
 (i) is covered by a negotiable document of title (other than such Inventory that is in transit, owned by
a Qualified Credit Party and supported by a letter of credit), unless, at the Administrative Agent’s request, such document has been delivered to the Collateral Agent or an agent thereof and such Qualified Credit Party takes such other actions
as the Administrative Agent reasonably requests in order to create a perfected First Priority security interest in favor of the Collateral Agent in such Inventory with all necessary endorsements, free and clear of all Liens except 

  
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 those in favor of the Collateral Agent on behalf of the Secured Creditors, the Senior Secured Notes Agent on
behalf of the Senior Secured Notes Secured Parties, any holders of any Additional Obligations (or any agent, trustee or other Person acting in a similar capacity on behalf of such holders) and any Refinancing Senior Secured Notes Agent on behalf of
the Refinancing Senior Secured Notes Secured Parties and the amount of any shipping fees, costs and expenses shall be reflected in Reserves; 

(j) consists of goods that are slow moving (to the extent not included in determining Net Orderly Liquidation Value) or constitute spare
parts (not intended for sale), packaging and shipping materials, promotional products (not intended for sale), or supplies used or consumed in a Qualified Credit Party business; 

(k) is manufactured, assembled or otherwise produced in violation of the Fair Labor Standards Act and subject to the “hot goods”
provisions contained in Title 25 U.S.C. 215(a)(i); 
 (l) is not covered by casualty insurance required by the terms of this Agreement
(except to the extent of any deductible thereunder); 
 (m) consists of goods which have been returned or rejected by the buyer and are
not in salable condition; 
 (n) breaches in any material respect any of the representations or warranties pertaining to such Inventory
set forth in any Credit Document; 
 (o) does not conform in all material respects to all standards imposed by any governmental agency,
division or department thereof which has regulatory authority over such goods or the use or sale thereof; 
 (p) is Commingled Inventory;

 (q) consists of lottery tickets; 

(r) is located outside the United States of America (other than such Inventory that is owned by a Qualified Credit Party and supported by a
letter of credit); 
 (s) is subject to a license agreement or other arrangement with a third party which, in the Administrative Agent’s
Permitted Discretion, restricts the ability of the Collateral Agent to exercise its rights under the Credit Documents with respect to such Inventory unless such third party has entered into an agreement in form and substance reasonably satisfactory
to the Administrative Agent permitting the Collateral Agent to exercise its rights with respect to such Inventory or the Collateral Monitors have otherwise agreed to allow such Inventory to be eligible in the Collateral Monitors’ Permitted
Discretion; 
 (t) consists of Hazardous Materials or goods that can be transported or sold only with licenses that are not readily
available; or 
 (u) is expired pursuant to the manufacturer’s expiration date. 

The Collateral Monitors shall have the right, upon notice to the Borrower, to establish, modify or eliminate Reserves against Eligible
Inventory from time to time in their Permitted Discretion, except that any such Reserves shall not be duplicative of adjustments of the amount of Eligible Inventory 

  
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 pursuant to the other provisions of this definition. In addition, the Collateral Monitors shall have the right,
from time to time, to adjust any of the criteria set forth above with respect to Eligible Inventory, in their Permitted Discretion, except to the extent any such adjustment would result in such criteria being less restrictive than as set forth
herein. 
 “Eligible Pharmacy Accounts” shall mean all of the Accounts derived from sales of prescription medication owned
by any Qualified Credit Party that comply in all material respects with each of the representations and warranties respecting Eligible Accounts made in the Credit Documents which have been earned by performance, and that are not excluded as
ineligible by virtue of one or more of the excluding criteria set forth below; provided, however, that such criteria may be revised from time to time by the Collateral Monitors in their Permitted Discretion to address the results of
any audit or other collateral examination performed by or on behalf of the Administrative Agent from time to time after the Effective Date, except to the extent any such revision would result in any of the criteria set forth below being less
restrictive than as set forth herein. In determining the amount to be included, Eligible Pharmacy Accounts shall be calculated net of customer deposits, unapplied cash, bonding subrogation rights to the extent not cash collateralized, any and all
returns, accrued rebates, discounts (which may, at the Administrative Agent’s option, be calculated on shortest terms), credits, allowances or sales or excise taxes of any nature at any time issued, owing, claimed by Account Debtors, granted,
outstanding or payable in connection with such Accounts at such time. Eligible Pharmacy Accounts shall not include the following: 

(a) Accounts for which the Account Debtor is not a third party insurer in respect of sales of prescription medication (excluding
government accounts under clause (b) of this definition); 
 (b) Accounts for which the Account Debtor is a retail customer or is
any Governmental Authority (including, without limitation, Medicare, Medicaid and food assistance programs); 
 (c) Accounts that do not
arise from the sale of prescription medication by such Qualified Credit Party in the ordinary course of its business; 

(d) (i) Accounts upon which such Qualified Credit Party’s right to receive payment is not absolute or is contingent upon the
fulfillment of any condition whatsoever or (ii) Accounts as to which such Qualified Credit Party is not able to bring suit or otherwise enforce its remedies against the Account Debtor through judicial process, or (iii) if the Account
represents a progress billing consisting of an invoice for goods sold or used or services rendered pursuant to a contract under which the Account Debtor’s obligation to pay that invoice is subject to such Qualified Credit Party’s
completion of further performance under such contract or is subject to the equitable lien of a surety bond issuer; 
 (e) any Account as
to which any defense, counterclaim, setoff or dispute is asserted, but only to the extent of such defense, counterclaim, setoff or dispute; 

(f) any Account that is not a true and correct statement of bona fide payment obligation incurred in the amount of the Account for
prescription medication sold to and accepted by the applicable Account Debtor; 
 (g) Accounts with respect to which an invoice,
reasonably acceptable to the Administrative Agent in form, has not been sent to the applicable Account Debtor; 

  
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 (h) any Account that (i) is not owned by such Qualified Credit Party or (ii) is
subject to any Lien of any other Person, other than (x) the First Priority Liens in favor of the Collateral Agent, on behalf of the Secured Creditors, (y) the junior Liens in favor of the Senior Secured Notes Agent on behalf of the Senior
Secured Notes Secured Parties, the holders of any Additional Obligations (or any agent, trustee or other Person acting in a similar capacity on behalf of such holders) or any Refinancing Senior Secured Notes Agent on behalf of the Refinancing Senior
Secured Notes Secured Parties as provided in the Intercreditor Agreement and (z) Permitted Liens described in Section 10.01(a)(i); 

(i) any Account that is the obligation of an Account Debtor located (i) in a foreign country unless payment thereof is assured by a
letter of credit assigned and delivered to the Administrative Agent or is covered by credit insurance assigned to the Administrative Agent, in each case reasonably satisfactory to the Administrative Agent as to form, amount and issuer or
(ii) (x) in New Jersey, Minnesota or West Virginia or (y) in respect of any Account Debtor that has defaulted on an Account or against which any Qualified Credit Party otherwise has a claim, in a state requiring the filing of a Notice
of Business Activities Report or similar report in order to permit such Qualified Credit Party to seek judicial enforcement in such state of payment of such Account, in each case unless such Qualified Credit Party has qualified to do business in
such state or has filed a Notice of Business Activities Report or equivalent report for the then-current year or such failure to file and inability to seek judicial enforcement is capable of being remedied without any material delay or material
cost, in each case in respect of this sub-clause (ii), to the extent that the Collateral Monitors in their Permitted Discretion have determined to render such Account ineligible; 

(j) any Account to the extent any Qualified Credit Party or any Subsidiary thereof is (x) liable for goods sold or services rendered
by the applicable Account Debtor to any Qualified Credit Party or any Subsidiary thereof, or (y) liable for accrued and actual discounts, claims, unpaid fees, credit or credits pending, promotional program allowances, price adjustment, finance
charges or other allowances (including any amount that any Qualified Credit Party or any Subsidiary thereof, as applicable, may be obligated to rebate to a customer pursuant to the terms of any agreement or understanding (whether written or oral),
but, in each case only to the extent of the potential offset resulting therefrom; 
 (k) Accounts arising in a transaction wherein goods
are placed on consignment or are sold pursuant to a guaranteed sale, a sale or return, a sale on approval, a bill and hold, or any other terms by reason of which the payment by an Account Debtor may be conditional; 

(l) any Account upon the occurrence and continuance of any of the following with respect thereto: 

(i) the Account is not paid within the earlier of 30 days following its due date or 60 days following its original invoice
date; 
 (ii) the Account Debtor obligated upon such Account suspends business, makes a general assignment for the benefit of
creditors or fails to pay its debts generally as they come due; or 
 (iii) a petition is filed by or against the
Account Debtor obligated upon such Account under any bankruptcy law or any other federal, state or foreign (including any provincial) receivership, insolvency relief or other law or laws for the relief of debtors; 

(m) any Account that is the obligation of an Account Debtor if 50% or more of the dollar amount of all Accounts owing by that Account Debtor
are ineligible under the other criteria listed in clause (l)(i) of this definition; 

  
 21 

 (n) Accounts that are not subject to a valid and perfected First Priority Lien in favor of the
Collateral Agent pursuant to the relevant Security Document as provided in the Intercreditor Agreement; 
 (o) any Account to the extent
such Account is evidenced by a judgment, Instrument or Chattel Paper; 
 (p) any Account to the extent such Account exceeds any credit
limit established by the Collateral Monitors in their Permitted Discretion, but only after a determination made by the Collateral Monitors in their Permitted Discretion that the creditworthiness of such applicable Account Debtor has declined in such
a manner that the prospects for payment on such Account have or may become materially impaired; 
 (q) any Account to the extent that
such Account, together with all other Accounts owing by such Account Debtor as of any date of determination exceed 25% of all Eligible Pharmacy Accounts of the Qualified Credit Parties but only to the extent of the obligations owing by such Account
Debtor in excess of such percentage; provided, however that the amount of Eligible Accounts that are excluded because they exceed the foregoing percentages shall be determined by the Collateral Monitors based on all of the otherwise
Eligible Accounts prior to giving effect to any eliminations based upon the foregoing concentration limit; 
 (r) any Account as to
which any check, draft or other items of payment has previously been received which has been returned unpaid or otherwise dishonored; 

(s) any Account to the extent such Account consists of finance charges as compared to obligations to such Qualified Credit Party for goods
sold; 
 (t) any Account with respect to Account Debtors that are credit card issuers or credit card processors; 

(u) any Account to the extent arising from the provision of administrative or processing services to Medicaid or Medicare as compared to
obligations to such Qualified Credit Party for goods sold; or 
 (v) any Account that is payable in any currency other than Dollars. 

The Collateral Monitors shall have the right, upon notice to the Borrower, to establish, modify or eliminate Reserves against Eligible
Pharmacy Accounts from time to time in their Permitted Discretion, except that any such Reserves shall not be duplicative of adjustments of the amount of Eligible Accounts pursuant to the other provisions of the definition. 

“Eligible Pharmacy Inventory” shall mean the portion of Eligible Inventory consisting of prescription medication. 

“Eligible Pharmacy Scripts” shall mean Pharmacy Scripts owned by the Qualified Credit Parties, in each case that comply in
all material respects with each of the representations and warranties regarding Eligible Pharmacy Scripts made in the Credit Documents and that are not excluded as ineligible by virtue of one or more of the excluding criteria set forth below.
Pharmacy Scripts shall be Eligible Pharmacy Scripts if arising and maintained in the ordinary course of the business of the Qualified Credit Parties but shall not include: 

  
 22 

 (a) Pharmacy Scripts for which the applicable Qualified Credit Party’s pharmacy store
computer and phone systems, in the Collateral Monitors’ determination in their Permitted Discretion, (i) are inadequate to facilitate the sale of prescriptions to a potential purchaser and (ii) do not facilitate the transfer of
pharmacy prescriptions files to a potential purchaser; 
 (b) Pharmacy Scripts subject to a security interest or Lien in favor of any
Person other than (x) the First Priority Lien in favor of the Collateral Agent, on behalf of the Secured Creditors, (y) junior Liens in favor of the Senior Secured Notes Agent, on behalf of the Senior Secured Notes Secured Parties, any
holders of any Additional Obligations (or any agent on behalf of such holders) or any Refinancing Senior Secured Notes Agent on behalf of the Refinancing Senior Secured Notes Secured Parties as provided in the Intercreditor Agreement and
(z) Permitted Liens described in Section 10.01(a)(i); or 
 (c) Pharmacy Scripts that are not in a form that may be
sold or otherwise transferred to all Persons (whether due to regulatory prohibition or otherwise), unless otherwise acceptable to the Collateral Monitors in their Permitted Discretion. 

The Collateral Monitors shall have the right, upon notice to the Borrower, to establish, modify or eliminate Reserves against Eligible
Pharmacy Scripts from time to time in their Permitted Discretion, except that any such Reserves shall not be duplicative of adjustments of the amount of Eligible Pharmacy Scripts pursuant to the other provisions of this definition. In addition, the
Collateral Monitors reserve the right, at any time and from time to time after the Effective Date, to adjust any of the applicable criteria, in their Permitted Discretion, except to the extent any such adjustment would result in such criteria being
less restrictive than as set forth herein. 
 “Eligible Retail Inventory” shall mean all Eligible Inventory other than
Eligible Pharmacy Inventory. 
 “Eligible Transferee” shall mean and include a commercial bank, an insurance company, a
finance company, a financial institution, any fund that invests in loans or any other “accredited investor” (as defined in Regulation D of the Securities Act), but in any event excluding Holdings, the Borrower and their respective
Subsidiaries and Affiliates (including the Sponsor). 
 “End Date” shall have the meaning provided in the definition of
Applicable Margin. 
 “Environmental Claims” shall mean any and all administrative, regulatory or judicial actions, suits,
demands, demand letters, directives, claims, liens, notices of noncompliance or violation, investigations and/or proceedings relating in any way to any noncompliance with, or liability arising under, Environmental Law or to any permit issued, or any
approval given, under any Environmental Law (hereafter, “Claims”), including, without limitation, (a) any and all Claims by governmental or regulatory authorities for enforcement, cleanup, removal, response, remedial or other
actions or damages pursuant to any Environmental Law, and (b) any and all Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief arising out of or relating to an alleged injury
or threat of injury to human health, safety or the environment due to the presence of Hazardous Materials. 
 “Environmental
Law” shall mean any Federal, state, foreign or local statute, law (including principles of common law), rule, regulation, ordinance, code, directive, judgment, order or agreement, now or hereafter in effect and in each case as amended, and
any judicial or administrative interpretation thereof, relating to the protection of the environment, or of human health (as it relates to the exposure to environmental hazards) or to the presence, Release or threatened Release, or the manufacture,
use, transportation, treatment, storage, disposal or recycling of Hazardous Materials, or the arrangement for any such activities. 

  
 23 

 “Equity Contribution” shall have the meaning provided in the recitals to this
Agreement. 
 “Equity Interests” of any Person shall mean any and all shares, interests, rights to purchase, warrants,
options, participation or other equivalents of or interest in (however designated) equity of such Person, including any common stock, preferred stock, any limited or general partnership interest and any limited liability company membership interest.

 “Equity Investors” shall mean the Sponsor and certain other investors arranged by the Sponsor. 

“ERISA” shall mean the U.S. Employee Retirement Income Security Act of 1974, as amended from time to time, and the
regulations promulgated and rulings issued thereunder. Section references to ERISA are to ERISA, as in effect at the date of this Agreement and any subsequent provisions of ERISA, amendatory thereof, supplemental thereto or substituted therefor.

 “ERISA Affiliate” shall mean any person that for purposes of Title I or Title IV of ERISA or Section 412 of the
Code would be deemed at any relevant time to be a single employer or otherwise aggregated with Holdings or any of its Restricted Subsidiaries under Section 414 of the Code or Section 4001 of ERISA. 

“ERISA Event” shall mean any one or more of the following: 

(a) any Reportable Event; 
 (b)
the filing of a notice of intent to terminate any Plan, if such termination would require material additional contributions in order to be considered a standard termination within the meaning of Section 4041(b) of ERISA, the filing under
Section 4041(c)(1)(A) of ERISA of a notice of intent to terminate any Plan or the termination of any Plan under Section 4041(c) of ERISA; 

(c) institution of proceedings by the PBGC under Section 4042 of ERISA for the termination of, or the appointment of a trustee to
administer, any Plan; 
 (d) the failure to make a required contribution to any Plan that would result in the imposition of a lien or
other encumbrance or the provision of security under Section 430 of the Code or Section 303 or 4068 of ERISA, or the arising of such a lien or encumbrance; the failure to satisfy the minimum funding standard under Section 412 of the
Code or Section 302 of ERISA, whether or not waived; the filing of any request for or receipt of a minimum funding waiver under Section 412 of the Code with respect to any Plan, or that such filing may be likely to be made or a
determination that any Plan is, or is reasonably expected to be, considered an at-risk plan or in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 or 305 of ERISA; Holdings, any of its
Restricted Subsidiaries or any ERISA Affiliate incurring any liability under Section 436 of the Code, or a violation of Section 436 of the Code with respect to a Plan; or the failure to make a required contribution to a Multiemployer Plan;

 (e) engaging in a non-exempt prohibited transaction within the meaning of Section 4975 of the Code or Section 406 of ERISA;

  
 24 

 (f) the complete or partial withdrawal of Holdings or any of its Restricted Subsidiaries or any
ERISA Affiliate from a Multiemployer Plan, the reorganization or insolvency under Title IV of ERISA of any Multiemployer Plan; or the receipt by Holdings or any of its Restricted Subsidiaries or any ERISA Affiliate, of any notice, or the receipt by
any Multiemployer Plan from any of Holdings, any of its Restricted Subsidiaries or any ERISA Affiliate of any notice, that a Multiemployer Plan is in endangered or critical status under Section 432 of the Code or Section 305 of ERISA; or

 (g) Holdings, any of its Restricted Subsidiaries or an ERISA Affiliate incurring any material liability under Title IV of ERISA with
respect to any Plan (other than premiums due and not delinquent under Section 4007 of ERISA). 
 “Event of Default”
shall have the meaning provided in Section 11. 
 “Excess Availability” shall mean, as of any date of
determination, the amount by which (a) Availability at such time exceeds (b) the Aggregate Exposure at such time. 

“Excluded Deposit Accounts” shall mean (v) all Deposit Accounts established (or otherwise maintained) by Insurance
Captive, (w) the Medicare/Medicaid Deposit Account, (x) all Deposit Accounts established (or otherwise maintained) by Holdings or any of its Domestic Subsidiaries which are funded by, or on behalf or for the benefit of, employees of
Holdings or any of its Domestic Subsidiaries and are to be maintained exclusively for the benefit, directly or indirectly, of such employees (including, without limitation, Deposit Accounts which are employer funded pension accounts for employees
and accounts established to pay taxes for and on behalf of employee tax liabilities), (y) all other Deposit Accounts established (or otherwise maintained) by Holdings or any of its Domestic Subsidiaries (excluding Collection Accounts,
Concentration Accounts and DB Accounts) that do not have cash balances at the end of the day exceeding $500,000 for any individual Deposit Account or $7,500,000 in the aggregate for all such Deposit Accounts and (z) each Asset Sale Proceeds
Account. 
 “Excluded Subsidiary” shall mean (a) a direct or indirect Subsidiary of the Borrower substantially all of
the assets of which consist of the Equity Interests of one or more CFCs, (b) a Subsidiary of the Borrower that is organized under the laws of a jurisdiction located in the United States of America and is owned, directly or indirectly, by a CFC,
(c) a Subsidiary of the Borrower treated as disregarded for United States federal income tax purposes that owns, directly or indirectly, through one or more Subsidiaries that are treated as disregarded for United States federal income tax
purposes, more than 65% of the Equity Interests of a CFC or of a Subsidiary described in clause (a) or (b) of this definition and such Equity Interests constitutes substantially all the assets of such Subsidiaries, (d) Insurance
Captive and (e) a direct or indirect Subsidiary of the Borrower that has less than $1,000,000 in assets, in each case, unless such Subsidiary is required to enter into a guaranty of (or become an obligor under) the Senior Secured Notes, any
Refinancing Senior Secured Notes or any Additional Obligations. 
 “Excluded Taxes” shall have the meaning provided in
Section 5.04(a). 
 “Executive Order” shall have the meaning provided in Section 8.24(a). 

“Existing BI-LO Credit Agreement” shall have the meaning provided in the recitals to this Agreement. 

“Existing Credit Agreements” shall mean, collectively, the Existing BI-LO Credit Agreement and the Existing Winn-Dixie Credit
Agreement. 
 “Existing Indebtedness” shall have the meaning provided in Section 8.21. 

  
 25 

 “Existing Letters of Credit” shall have the meaning provided in
Section 3.01(a)(B). 
 “Existing Winn-Dixie Credit Agreement” shall have the meaning provided in the recitals
to this Agreement. 
 “Expenses” shall mean all present and future reasonable and invoiced out of pocket expenses incurred
by or on behalf of the Administrative Agent, the Collateral Agent, the Syndication Agent or any Issuing Lender in connection with this Agreement, any other Credit Document or otherwise in its capacity as the Administrative Agent or Syndication Agent
under this Agreement or the Collateral Agent under any Security Document or as an Issuing Lender under this Agreement, whether incurred heretofore or hereafter, which expenses shall include, without limitation, the expenses set forth in
Section 13.01, the cost of record searches, all reasonable and invoiced costs and expenses incurred by the Administrative Agent and the Collateral Agent in opening bank accounts, depositing checks, electronically or otherwise receiving
and transferring funds, and any other charges imposed on the Administrative Agent and/or the Collateral Agent due to insufficient funds of deposited checks and the standard fee of the Administrative Agent and the Collateral Agent relating thereto,
collateral examination fees and expenses, reasonable fees and expenses of accountants and appraisers, reasonable fees and expenses of other consultants, experts or advisors employed or retained by the Administrative Agent, the Collateral Agent or
the Syndication Agent in accordance with (or to the extent permitted by) the terms of this Agreement or any other Credit Document or with the consent of the Borrower (not to be unreasonably withheld), fees and taxes related to the filing of
financing statements, costs of preparing and recording any other Credit Documents, all expenses, costs and fees set forth in this Agreement and the other Credit Documents, all other fees and expenses required to be paid pursuant to any other letter
agreement and all fees and expenses incurred in connection with releasing Collateral and the amendment or termination of any of the Credit Documents. 

“Extended Final Maturity Date” shall mean, with respect to any Extended Loan or Extended Revolving Loan Commitment, the
agreed upon date occurring after the Initial Maturity Date as specified in the applicable definitive documentation thereof. 

“Extended Loan” shall mean each Revolving Loan and each Swingline Loan pursuant to an Extended Revolving Loan Commitment.

 “Extended Revolving Loan Commitments” shall have the meaning provided in Section 2.16(c)(i). 

“Extension” shall have the meaning provided in Section 2.16(a). 

“Extension Offer” shall have the meaning provided in Section 2.16(a). 

“Facing Fee” shall have the meaning provided in Section 4.01(c). 

“Fair Market Value” shall mean, with respect to any asset (including any Equity Interests of any Person), the price at which
a willing buyer, not an Affiliate of the seller, and a willing seller who does not have to sell, would agree to purchase and sell such asset, as determined in good faith by, (i) with respect to any asset (or related assets part of the same
transaction) having a Fair Market Value less than $10,000,000, the senior management of Holdings or the Restricted Subsidiary of Holdings selling such asset and (ii) with respect to any other asset, the board of directors or other governing
body or, pursuant to a specific delegation of authority by such board of directors or governing body, a designated senior executive officer, of Holdings or the Restricted Subsidiary of Holdings selling such asset. 

  
 26 

 “FATCA” shall mean Sections 1471 through 1474 of the Code, as enacted on the
Effective Date (or any amended version that is substantively identical), and the regulations promulgated thereunder or published administrative guidance implementing such Sections. 

“Federal Funds Rate” shall mean, for any period, a fluctuating interest rate equal for each day during such period to the
weighted average of the rates on overnight Federal Funds transactions with members of the Federal Reserve System arranged by Federal Funds brokers, as published for such day (or, if such day is not a Business Day, for the immediately preceding
Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the Administrative Agent from three
(3) Federal Funds brokers of recognized standing selected by the Administrative Agent. 
 “Fees” shall mean all
amounts payable pursuant to or referred to in Section 4.01. 
 “Final Maturity Date” shall mean the Initial
Maturity Date; provided that, with respect to any Extended Revolving Loan Commitment, the Final Maturity Date with respect thereto instead shall be the Extended Final Maturity Date. 

“First Priority” shall mean, with respect to any Lien purported to be created on any Collateral pursuant to any Security
Document, that such Lien is prior in right to any other Lien thereon, other than (i) any Permitted Liens (excluding Permitted Liens as described in clauses (ii), (iii) and (iv) of Section 10.01(d)) applicable to such
Collateral which as a matter of law (and giving effect to any actions taken pursuant to the last paragraph of Section 10.01) have priority over the respective Liens on such Collateral created pursuant to the relevant Security Document
and (ii) any Lien on property that would otherwise constitute Eligible Inventory, but is subject to a lease that grants to the landlord thereunder a first priority perfected security interest in such property (such Liens described in clauses
(i) and (ii) above, “First Priority Priming Liens”). 
 “First Priority Priming Liens” shall
have the meaning provided in the definition of First Priority. 
 “Fiscal Month” shall mean any of the 4-week accounting
periods of Holdings on the dates set forth in Schedule 1.01(b), as such periods may be amended in accordance with Section 9.08. 

“Fiscal Quarter” shall mean any of the quarterly accounting periods of Holdings on the dates set forth in Schedule
1.01(b), as such periods may be amended in accordance with Section 9.08. 
 “Fiscal Year” shall mean any of
the annual accounting periods of Holdings ending on the dates set forth on Schedule 1.01(b), as such periods may be amended in accordance with Section 9.08. 

“Fixed Charge Coverage Ratio” shall mean, for any period, the ratio of (a)(i) Consolidated EBITDA for such period
minus (ii) the aggregate amount of all Capital Expenditures made by Holdings and its Restricted Subsidiaries during such period (other than Capital Expenditures to the extent financed with the proceeds of any sale or issuance of Equity
Interests, the proceeds of any asset sale (other than the sale of inventory in the ordinary course of business), the proceeds of any Recovery Event or the proceeds of any incurrence of Indebtedness (other than the incurrence of any Loans), but
including Capital Expenditures to the extent financed with proceeds of Loans) minus (iii) the aggregate amount of all cash payments made by Holdings and its Restricted Subsidiaries in respect of income taxes or income tax liabilities
(net of cash income tax refunds) during such period (including Dividends paid pursuant to Section 10.03(e), but excluding such cash payments related to asset sales not in the ordinary course of business) minus (iv) without
duplication of any amounts included in clause (iii) above, the 

  
 27 

 
aggregate amount of all cash Dividends paid by Holdings or any of its Restricted Subsidiaries to any Person other than Holdings or any of its Restricted Subsidiaries as permitted under
Section 10.03 for such period to (b) Fixed Charges for such period. Notwithstanding anything to the contrary contained above in this definition, for the purposes of determining the Fixed Charge Coverage Ratio, to the extent the
items described in preceding clauses (a)(ii), (a)(iii), (a)(iv) and (b) are to be determined for any Test Period which ends prior to April 20, 2013, the amount of such items for all portions of such period ending on or prior to
April 21, 2012 shall be calculated in accordance with the second sentence of the definition of Test Period contained herein. 

“Fixed Charges” shall mean, for any period, the sum of (a) any amortization or other scheduled payments made during such
period on all Indebtedness of Holdings and its Restricted Subsidiaries for such period (including the principal component of all obligations in respect of all Capitalized Lease Obligations), plus (b) Consolidated Interest Expense of
Holdings and its Restricted Subsidiaries for such period. 
 “Foreign Lender” shall have the meaning provided in
Section 5.04(b). 
 “Foreign Pension Plan” shall mean any plan, fund (including, without limitation, any
superannuation fund) or other similar program established or maintained outside the United States by Holdings or any one or more of its Restricted Subsidiaries primarily for the benefit of employees of Holdings or such Restricted Subsidiaries
residing outside the United States, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is
not subject to ERISA or the Code. 
 “Foreign Subsidiary” of any Person shall mean, any Restricted Subsidiary of such
Person that is not a Domestic Subsidiary of such Person. 
 “GAAP” shall mean generally accepted accounting principles in
the United States as in effect from time to time; provided that determinations in accordance with GAAP for purposes of Sections 9.14 and 10 and the calculation of the Fixed Charge Coverage Ratio, in each case including defined
terms as used therein, are subject to Section 13.07(a). 
 “Governmental Authority” shall mean the government
of the United States of America, any other nation or any political subdivision thereof, whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 
 “Guaranteed
Creditors” shall mean and include each of the Administrative Agent, the Collateral Agent, the Issuing Lenders, the Lenders, the Swingline Lender, each Lender Counterparty and each Treasury Services Creditor. 

“Guaranteed Obligations” shall have the meaning provided in the Subsidiaries Guaranty. 

“Guarantor” shall mean each of Holdings, the Borrower (in its capacity as a guarantor under the Subsidiaries Guaranty) and
each Subsidiary Guarantor. 
 “Guaranty” shall mean each of the Holdings Guaranty and the Subsidiaries Guaranty. 

  
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 “Hazardous Materials” shall mean any chemicals, materials, wastes, pollutants,
contaminants, or substances in any form that is prohibited, limited or regulated pursuant to any Environmental Law by virtue of their toxic or otherwise deleterious characteristics, including without limitation any petroleum or petroleum products,
radioactive materials, asbestos in any form that is or could become friable, urea formaldehyde foam insulation, dielectric fluid containing levels of polychlorinated biphenyls, and radon gas. 

“Health Care Laws” shall mean all Federal, state and local laws, rules, regulations, interpretations, guidelines, ordinances
and decrees primarily relating to patient healthcare, any health care provider, medical assistance and cost reimbursement program, as now or at any time hereafter in effect, applicable to any Credit Party or any of its Restricted Subsidiaries. 

“Highest Adjustable Applicable Margins” shall have the meaning provided in the definition of Applicable Margin. 

“HIPAA” shall mean the Health Insurance Portability and Accountability Act of 1996, as the same now exists or may hereafter
from time to time be amended, modified, recodified or supplemented, together with all rules and regulations thereunder 

“Historical Excess Availability” shall mean, for the purposes of the definition of Applicable Margin, in the case of each
Start Date, an amount equal to (x) the sum of each day’s Excess Availability during the most recently ended Fiscal Quarter divided by (y) the number of days in such Fiscal Quarter; provided that Excess Availability shall
be determined on a Pro Forma Basis in accordance with the requirements of the definition of “Pro Forma Basis” contained herein. 

“Holdings” shall have the meaning provided in the first paragraph of this Agreement. 

“Holdings Common Stock” shall have the meaning provided in Section 8.13(a). 

“Holdings Guaranty” shall mean the guaranty of Holdings pursuant to Section 14. 

“Incremental Commitment” shall mean, for any Lender, any Revolving Loan Commitment provided by such Lender after the
Effective Date in an Incremental Commitment Agreement delivered pursuant to Section 2.14; it being understood, however, that on each date upon which an Incremental Commitment of any Lender becomes effective, such Incremental Commitment
of such Lender shall be added to (and thereafter become a part of) the Revolving Loan Commitment of such Lender for all purposes of this Agreement as contemplated by Section 2.14. 

“Incremental Commitment Agreement” shall mean each Incremental Commitment Agreement in substantially the form of Exhibit
F (appropriately completed, and with such modifications as may be reasonably satisfactory to the Administrative Agent) executed and delivered in accordance with Section 2.14. 

“Incremental Commitment Date” shall mean each date upon which an Incremental Commitment under an Incremental Commitment
Agreement becomes effective as provided in Section 2.14(b). 
 “Incremental Commitment Requirements” shall
mean, with respect to any provision of an Incremental Commitment on a given Incremental Commitment Date, the satisfaction of each of the following conditions on the Incremental Commitment Date of the respective Incremental Commitment Agreement:
(i) no Default or Event of Default exists or would exist after giving effect thereto; (ii) all of 

  
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the representations and warranties contained in the Credit Documents shall be true and correct in all material respects at such time (unless stated to relate to a specific earlier date, in which
case such representations and warranties shall have been true and correct in all material respects as of such earlier date) (it being understood that any representation or warranty that is qualified by an Applicable Qualifier shall be true and
correct in all respects as written, including by giving effect to such Applicable Qualifier, as of such date); (iii) the delivery by the Borrower to the Administrative Agent of an acknowledgment, in form and substance reasonably satisfactory to
the Administrative Agent and executed by each Credit Party, acknowledging that such Incremental Commitment and all Revolving Loans subsequently incurred, and Letters of Credit issued, as applicable, pursuant to such Incremental Commitment shall
constitute Obligations and Guaranteed Obligations (as defined herein and under the Subsidiaries Guaranty) under the Credit Documents and secured on a pari passu basis with the Obligations under the Security Documents; (iv) the
delivery by each Credit Party to the Administrative Agent of such other officers’ certificates, board of director (or equivalent governing body) resolutions and evidence of good standing (to the extent available under applicable law) as the
Administrative Agent shall reasonably request; (v) Holdings shall have delivered a certificate executed by an Authorized Officer of Holdings, certifying to such officer’s knowledge, compliance with the requirements of preceding clauses
(i) and (ii); and (vi) the completion by each Credit Party of (x) such other conditions precedent that may be included in the respective Increased Commitment Agreement and (y) such other actions as the Administrative Agent may
reasonably request in connection with such Incremental Commitment in order to create, continue or maintain the security interest of the Collateral Agent in the Collateral and the perfection thereof (including, without limitation, any amendments to
the Security Documents, title insurance policies and such other documents reasonably requested by the Administrative Agent to be delivered in connection therewith). 

“Incremental Lender” shall have the meaning provided in Section 2.14(b). 

“Incremental Security Documents” shall have the meaning provided in Section 2.14(b). 

“Indebtedness” shall mean, as to any Person, without duplication, (i) all indebtedness of such Person for borrowed money
or for the deferred purchase price of property or services, (ii) the maximum amount available to be drawn or paid under all letters of credit, bankers’ acceptances, bank guaranties, surety and appeal bonds and similar obligations issued
for the account of such Person and all unpaid drawings and unreimbursed payments in respect of such letters of credit, bankers’ acceptances, bank guaranties, surety and appeal bonds and similar obligations, (iii) all indebtedness of the
types described in clause (i), (ii), (iv), (v), (vi) or (vii) of this definition secured by any Lien on any property owned by such Person, whether or not such indebtedness has been assumed by such Person (provided that, if the
Person has not assumed or otherwise become liable in respect of such indebtedness, such indebtedness shall be deemed to be in an amount equal to the Fair Market Value of the property to which such Lien relates), (iv) all Capitalized Lease
Obligations of such Person, (v) all Contingent Obligations of such Person, (vi) all obligations under any Interest Rate Protection Agreement, any Other Hedging Agreement or under any similar type of agreement (and with the amount of any
such obligations to be equal at any time to the termination value of such agreement or arrangement giving rise to such obligations that would be payable by such Person at such time) and (vii) all Off-Balance Sheet Liabilities of such Person.
The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is directly liable therefor as a result of such Person’s ownership
interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. Notwithstanding the foregoing, Indebtedness shall not include trade payables, accrued expenses
and deferred tax and other credits incurred by any Person in accordance with customary practices and in the ordinary course of business of such Person. 

  
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 “Indemnified Person” shall have the meaning provided in
Section 13.01(c). 
 “Individual Exposure” of any Lender shall mean, at any time, the sum of (a) the
aggregate principal amount of all Revolving Loans made by such Lender and then outstanding, (b) such Lender’s RL Percentage of the aggregate principal amount of all Swingline Loans then outstanding and (c) such Lender’s RL
Percentage of the aggregate amount of all Letter of Credit Outstandings at such time. 
 “Initial Maturity Date” shall mean
March 9, 2017. 
 “Insolvency Proceeding” shall mean any proceeding commenced by or against any Person under any
provision of the Bankruptcy Code or under any state or foreign bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking
reorganization, arrangement, or other similar relief. 
 “Insurance Captive” means WIN General Insurance, Inc., a South
Carolina insurance captive and a Wholly-Owned Subsidiary of the Target. 
 “Intercompany Debt” shall mean any Indebtedness,
payables or other obligations, whether now existing or hereafter incurred, owed by Holdings or any Subsidiary of Holdings to Holdings or any other Subsidiary of Holdings. 

“Intercompany Loans” shall have the meaning provided in Section 10.05(h). 

“Intercompany Note” shall mean a promissory note evidencing Intercompany Loans, duly executed and delivered substantially in
the form of Exhibit M (or such other form as shall be reasonably satisfactory to the Administrative Agent), with blanks completed in conformity herewith. 

“Intercreditor Agreement” shall have the meaning provided in Section 6.10 and also shall include, after the
execution and delivery thereof, each other intercreditor agreement (as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof) contemplated by the definitions of Additional Obligations and Refinancing
Senior Secured Notes. 
 “Interest Determination Date” shall mean, with respect to any LIBOR Loan, the second Business Day
prior to the commencement of any Interest Period relating to such LIBOR Loan. 
 “Interest Period” shall have the meaning
provided in Section 2.09. 
 “Interest Rate Protection Agreement” shall mean any interest rate swap agreement,
interest rate cap agreement, interest collar agreement, interest rate hedging agreement or other similar agreement or arrangement. 

“Inventory” shall mean “inventory” as such term is defined in Article 9 of the UCC. 

“Investments” shall have the meaning provided in Section 10.05. 

“Issuing Lender” shall mean each of (i) Deutsche Bank Trust Company Americas (except as otherwise provided in
Section 12.09), (ii) Wells Fargo Bank, National Association (including in its capacity as the issuer of the Existing Letters of Credit), and (iii) any other Lender (which may include Wells Fargo Bank, National Association)
reasonably acceptable to the Administrative Agent which agrees 

  
 31 

 
to issue Letters of Credit hereunder; provided that, if any Extension is effected in accordance with Section 2.16, then on the occurrence of the Initial Maturity Date, each
Issuing Lender shall have the right to resign as such on, or on any date within 20 Business Days after, the Initial Maturity Date, upon not less than 30 days’ prior written notice thereof to the Borrower and the Administrative Agent and, in the
event of any such resignation and upon the effectiveness thereof, the resigning Issuing Lender shall retain all of its rights hereunder and under the other Credit Documents as Issuing Lender with respect to all Letters of Credit theretofore issued
by it (which Letters of Credit shall remain outstanding in accordance with the terms hereof until their respective expirations) but shall not be required to issue any further Letters of Credit hereunder. If at any time and for any reason (including
as a result of resignations as contemplated by the last proviso to the preceding sentence), an Issuing Lender has resigned in such capacity in accordance with the preceding sentence and no Issuing Lenders exist at such time, then no Person shall be
an Issuing Lender hereunder obligated to issue Letters of Credit unless and until (and only for so long as) a Lender (or Affiliate of a Lender) reasonably satisfactory to the Administrative Agent and the Borrower agrees to act as Issuing Lender
hereunder. Any Issuing Lender may, in its discretion, arrange for one or more Letters of Credit to be issued by one or more Affiliates of such Issuing Lender (and such Affiliate shall be deemed to be an “Issuing Lender” for all purposes of
the Credit Documents). 
 “Joinder Agreement” shall mean a Joinder Agreement substantially in the form of Exhibit O
(appropriately completed). 
 “Landlord Personal Property Collateral Access Agreement” shall mean a Landlord Waiver and
Consent Agreement substantially in the form of Exhibit N, with such amendments, modifications or supplements thereto as may be approved by the Administrative Agent in its reasonable discretion. 

“L/C Supportable Obligations” shall mean obligations of Holdings or any of its Restricted Subsidiaries permitted hereunder
(other than obligations in respect of (i) the Senior Secured Notes, (ii) any Additional Obligations, (iii) the Refinancing Senior Secured Notes, (iv) any Indebtedness (including term loans and other Indebtedness that is
subordinated in right of payment to the Obligations), (v) any Equity Interests, and (vi) Shareholder Subordinated Notes). 

“Lead Arrangers” shall mean Citigroup Global Markets Inc. and Deutsche Bank Securities Inc., each in its capacity as a Joint
Lead Arranger and Joint Book Runner for the ABL Facility hereunder and any successor thereto. 
 “Leaseholds” of any Person
shall mean all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures. 

“Lender” shall mean each financial institution listed on Schedule 1.01(a), as well as any Person that becomes a
“Lender” hereunder pursuant to Section 2.13, Section 2.14 or Section 13.04(b). 

“Lender Counterparty” shall mean any counterparty to an Interest Rate Protection Agreement and/or Other Hedging Agreement
that is the Administrative Agent, a Lender or an affiliate of the Administrative Agent or a Lender at the time such Person enters into such Interest Rate Protection Agreement and/or Other Hedging Agreement (even if the Administrative Agent or such
Lender subsequently ceases to be the Administrative Agent or a Lender, as the case may be, under this Agreement for any reason, together with the Administrative Agent’s, such Lender’s or such affiliate’s successors and assigns), so
long as the Administrative Agent, such Lender, such affiliate or such successor or assign participates in such Interest Rate Protection Agreement and/or Other Hedging Agreement. 

  
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 “Lender Default” shall mean, as to any Lender, (i) the refusal (which has
not been retracted) of such Lender or the failure of such Lender (which has not been cured) to make available its portion of any Borrowing (including any Mandatory Borrowing) or to fund its portion of any unreimbursed payment with respect to a
Letter of Credit pursuant to Section 3.04(c), in each case, within two (2) Business Days of the date of such Borrowing or the date such funding was required to be made, as applicable, unless, in the case of any Borrowing, such
Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of a determination by such Lender in good faith that one or more conditions precedent to funding (which conditions precedent shall be identified to
the Administrative Agent and the Borrower in writing) has not been satisfied, (ii) such Lender having been deemed insolvent or having become the subject of an Insolvency Proceeding or a takeover by a regulatory authority; provided that a
Lender Default shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interest in a Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest
does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to
reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender, or (iii) such Lender having notified the Administrative Agent, the Swingline Lender, any Issuing Lender and/or any Credit Party (x) that it does not
intend to comply with its obligations under Sections 2.01(a) or (c), Section 2.04 or Section 3, as the case may be, in circumstances where such non-compliance would constitute a breach of such Lender’s
obligations under the respective Section or (y) of the events described in preceding clause (ii); provided that, for purposes of (and only for purposes of) Sections 2.15(a) and (b) and any documentation entered into
pursuant to the Letter of Credit Back Stop Arrangements (and the term “Defaulting Lender” as used therein), the term “Lender Default” shall also include, as to any Lender, (i) any Affiliate of such Lender that has
“control” (within the meaning provided in the definition of “Affiliate”) of such Lender having been deemed insolvent or having become the subject of an Insolvency Proceeding or a takeover by a regulatory authority, (ii) any
previously cured “Lender Default” of such Lender under this Agreement, unless such Lender Default has ceased to exist for a period of at least 90 consecutive days, (iii) any default by such Lender with respect to its payment or
funding obligations under any other credit facility to which it is a party and which the Swingline Lender, any Issuing Lender or the Administrative Agent believes in good faith has occurred and is continuing, and (iv) the failure of such Lender
to make available its portion of any Borrowing (including any Mandatory Borrowing) or to fund its portion of any unreimbursed payment with respect to a Letter of Credit pursuant to Section 3.04(c) within one (1) Business Day of the
date (x) the Administrative Agent (in its capacity as a Lender) or (y) Lenders constituting the Required Lenders with Revolving Loan Commitments has or have, as applicable, funded its or their portion thereof. 

“Letter of Credit” shall have the meaning provided in Section 3.01(a). 

“Letter of Credit Back-Stop Arrangements” shall have the meaning provided in Section 2.15(a)(ii). 

“Letter of Credit Exposure” shall mean, at any time, the aggregate amount of all Letter of Credit Outstandings at such time
in respect of Letters of Credit. The Letter of Credit Exposure of any Lender at any time shall be its RL Percentage of the aggregate Letter of Credit Exposure at such time. 

“Letter of Credit Fee” shall have the meaning provided in Section 4.01(b). 

“Letter of Credit Outstandings” shall mean, at any time, the sum of (i) the Stated Amount of all outstanding Letters of
Credit at such time and (ii) the aggregate amount of all Unpaid Drawings in respect of all Letters of Credit at such time. 

  
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 “Letter of Credit Request” shall have the meaning provided in
Section 3.03(a). 
 “LIBO Rate” shall mean, with respect to any Borrowing of LIBOR Loans for any Interest
Period, (a) the rate per annum determined by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two (2) Business Days prior to the commencement of such Interest Period by reference to the Reuters Screen
LIBOR01 for deposits in Dollars (or such other comparable page as may, in the reasonable opinion of the Administrative Agent, replace such page for the purpose of displaying such rates) for a period equal to such Interest Period; provided
that to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “LIBO Rate” shall be the interest rate per annum determined by the Administrative Agent to be the average of the
rates per annum at which deposits in Dollars are offered for such relevant Interest Period to major banks in the London interbank market in London, England by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two
(2) Business Days prior to the beginning of such Interest Period, divided by (b) a percentage equal to 100% minus the then stated maximum rate of all reserve requirements (including, without limitation, any marginal, emergency,
supplemental, special or other reserves required by applicable law) applicable to any member bank of the Federal Reserve System in respect of Eurocurrency funding or liabilities as defined in Regulation D (or any successor category of liabilities
under Regulation D). 
 “LIBOR Loan” shall mean each Loan (other than a Swingline Loan) designated as such by the Borrower
at the time of the incurrence thereof or conversion thereto. 
 “Lien” shall mean any mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance, lien (statutory or other), preference, priority or other security agreement of any kind or nature whatsoever (including, without limitation, any conditional sale or other title retention agreement, any
financing or similar statement or notice filed under the UCC or any other similar recording or notice statute, and any lease having substantially the same effect as any of the foregoing). 

“Loan” shall mean each Revolving Loan and each Swingline Loan. 

“Management Agreements” shall mean all material agreements with members of, or with respect to, the management of Holdings or
any of its Restricted Subsidiaries. 
 “Mandatory Borrowing” shall have the meaning provided in
Section 2.01(c). 
 “Margin Stock” shall have the meaning provided in Regulation U. 

“Material Adverse Effect” shall mean any event, change, condition, occurrence or circumstance which has had, or could
reasonably be expected to have, either individually or in the aggregate, (a) a material adverse change in, or a material adverse effect on, the business, operations, assets, liabilities or financial condition of Holdings and its Restricted
Subsidiaries taken as a whole or (b) a material adverse effect (i) on the material rights or remedies of the Lenders, the Administrative Agent or the Collateral Agent hereunder or under any other Credit Document, (ii) on the ability
of the Credit Parties taken as a whole to perform their payment and other material obligations to the Lenders, the Administrative Agent or the Collateral Agent hereunder or under any other Credit Document, or (iii) upon the legality, validity,
binding effect or enforceability against any Credit Party of any Credit Document to which it is a party. 

  
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 “Material Contract” shall mean any contract or other arrangement to which
Holdings or any of its Restricted Subsidiaries is a party (other than the Credit Documents) for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect. 

“Maximum Indenture Availability” shall mean, at any time, the sum of (i) the maximum principal amount of Indebtedness
permitted to be incurred by the Borrower and its Restricted Subsidiaries at such time pursuant to Section 4.09(b)(i) of the Senior Secured Notes Indenture (or if less, any equivalent provision in any Additional Obligations Document or
Refinancing Senior Secured Notes Indenture) and (ii) to the extent that Liens with respect thereto are permitted pursuant to Section 4.11 of the Senior Secured Notes Indenture (or if more restrictive, any equivalent provision in any
Additional Obligations Document or Refinancing Senior Secured Notes Indenture) and clause (r) of the definition of “Permitted Lien” therein (or if more restrictive, any equivalent provision in any Additional Obligations Document or
Refinancing Senior Secured Notes Indenture), the maximum principal amount of secured Indebtedness permitted to be incurred by the Borrower and its Restricted Subsidiaries at such time pursuant to Section 4.09(b)(xv) of the Senior Secured Notes
Indenture (or any equivalent provision in any Additional Obligations Document or Refinancing Senior Secured Notes Indenture), less, in the case of each of preceding clauses (i) and (ii), the principal amount of any Indebtedness or secured
Indebtedness, as applicable (other than under the Credit Documents), incurred in reliance on and then outstanding under such Section of the Senior Secured Notes Indenture (or if more restrictive, any Additional Obligations Document or Refinancing
Senior Secured Notes Indenture, as applicable). 
 “Maximum Letter of Credit Amount” shall have the meaning provided in
Section 3.02(a). 
 “Maximum Rate” shall have the meaning provided in Section 13.20. 

“Maximum Swingline Amount” shall mean $30,000,000. 

“Medicaid” shall mean the health care financial assistance program under Title XIX of the Social Security Act, as amended,
and all regulations promulgated thereunder. 
 “Medicare” shall mean the health care financial assistance program under
Title XVIII of the Social Security Act, as amended, and all regulations promulgated thereunder. 
 “Medicare/Medicaid Account
Debtor” shall mean any Person obligated on an Account with respect to medical goods or services provided to a beneficiary of Medicare, Medicaid or Tricare. 

“Medicare/Medicaid Deposit Account” shall mean a Deposit Account of the Borrower into which payments in respect of Accounts
owing by a Medicare/Medicaid Account Debtor shall be deposited. 
 “Merger” shall have the meaning provided in the recitals
to this Agreement. 
 “Merger Agreement” shall have the meaning provided in the recitals to this Agreement. 

“Merger Agreement Representations” shall mean those representations made by (or relating to) the Acquired Business in the
Merger Agreement as are material to the interests of the Lenders, but only to the extent that Holdings or any of its Affiliates (determined immediately before giving effect to the Merger) has the right (determined without regard to any notice
requirement) to terminate its obligations to close under the Merger Agreement or to refuse to consummate the Acquisition as a result of a breach of such representations in the Merger Agreement. 

“Merger Consideration” shall have the meaning provided in the Merger Agreement. 

  
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 “Merger Corp” shall have the meaning provided in the recitals to this Agreement.

 “Merger Documents” shall mean the Merger Agreement and all other agreements and documents relating to the Merger, as the
same may be amended, modified and/or supplemented from time to time in accordance with the terms hereof and thereof. 
 “Minimum
Borrowing Amount” shall mean (i) for Revolving Loans, $250,000 and (ii) for Swingline Loans (x) at all times when a Dominion Period is not in existence, $100,000 and (y) at all other times, there shall be no Minimum
Borrowing Amount. 
 “Moody’s” shall mean Moody’s Investors Service, Inc. 

“Mortgage” shall mean any deed of trust, mortgage, deed to secure debt, or other document creating a Lien on Real Property.

 “Mortgage Policy” shall mean a Lender’s title insurance policy (Form 2006). 

“Mortgaged Property” shall mean any Real Property owned or leased by any Credit Party which is encumbered (or required to be
encumbered) by a Mortgage pursuant to the terms of this Agreement or any Security Document. 
 “Multiemployer Plan” shall
mean a multiemployer plan as defined in Section 4001(a)(3) of ERISA, which is contributed to (or to which there is an obligation to contribute to) by Holdings or any of its Restricted Subsidiaries or with respect to which Holdings or any of its
Restricted Subsidiaries has any current liability (including on account of an ERISA Affiliate). 
 “NAIC” shall mean the
National Association of Insurance Commissioners. 
 “Net Insurance Proceeds” shall mean, with respect to any Recovery
Event, the cash proceeds received by the respective Person in connection with such Recovery Event (net of (a) reasonable costs and taxes incurred in connection with such Recovery Event and (b) required payments of any Indebtedness (other
than Indebtedness secured pursuant to the Security Documents, the Senior Secured Notes Security Documents, the Refinancing Senior Secured Notes Security Documents and the Additional Obligations Documents) which is secured by the respective assets
the subject of such Recovery Event). 
 “Net Orderly Liquidation Value” shall mean the cash proceeds of Inventory
consisting of prescription medication and/or other retail Inventory as applicable, which could be obtained in an orderly liquidation (net of all liquidation expenses, costs of sale, commissions, operating expenses and retrieval and related costs),
as determined pursuant to the most recent third-party appraisal of such Inventory consisting of prescription medication and/or other retail Inventory, as applicable, delivered to the Administrative Agent by an appraiser reasonably acceptable to the
Administrative Agent, and in each case expressed as a recovery percentage with respect to each such category of assets. The Net Orderly Liquidation Value for each such category of assets will be increased or reduced promptly upon receipt by the
Administrative Agent of each updated appraisal. 
 “Net Sale Proceeds” shall mean, for any sale or other disposition of
assets, the gross cash proceeds (including any cash received by way of deferred payment pursuant to a promissory note, receivable or otherwise, but only as and when received) received from such sale or other disposition of assets, net of
(i) reasonable transaction costs (including, without limitation, any underwriting, brokerage or other customary selling commissions, reasonable legal, advisory and other fees and expenses 

  
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(including title and recording expenses), associated therewith and sales, VAT and transfer taxes arising therefrom), (ii) payments of unassumed liabilities relating to the assets sold or
otherwise disposed of at the time of, or within 30 days after, the date of such sale or other disposition, (iii) the amount of such gross cash proceeds required to be used to permanently repay any Indebtedness (other than Indebtedness secured
pursuant to the Security Documents, the Senior Secured Notes Security Documents, the Refinancing Senior Secured Notes Security Documents and the Additional Obligation Documents) which is secured by the respective assets which were sold or otherwise
disposed of, and (iv) the estimated net marginal increase in income taxes which will be payable by Holdings’ consolidated group or any Restricted Subsidiary of Holdings with respect to the Fiscal Year of Holdings in which the sale or other
disposition occurs as a result of such sale or other disposition; provided, however, that such gross proceeds shall not include any portion of such gross cash proceeds which Holdings determines in good faith should be reserved for
post-closing adjustments (to the extent Holdings delivers to the Administrative Agent a certificate signed by an Authorized Officer of Holdings as to such determination), it being understood and agreed that on the day that all such post-closing
adjustments have been determined (which shall not be later than six (6) months following the date of the respective asset sale), the amount (if any) by which the reserved amount in respect of such sale or disposition exceeds the actual
post-closing adjustments payable by Holdings or any of its Restricted Subsidiaries shall constitute Net Sale Proceeds on such date received by Holdings and/or any of its Restricted Subsidiaries from such sale or other disposition. 

“Non-Defaulting Lender” shall mean and include each Lender, other than a Defaulting Lender. 

“Non-Recourse Debt” shall mean Indebtedness: 

(a) as to which neither Holdings nor any of its Restricted Subsidiaries (i) provides credit support of any kind (including
any undertaking, agreement or instrument that would constitute Indebtedness), (ii) is directly or indirectly liable as a guarantor or otherwise, except (in the case of preceding clause (i) or (ii)) for a Lien on the Equity Interests of an
Unrestricted Subsidiary that have been pledged to the creditors of such Unrestricted Subsidiary which is not otherwise recourse to Holdings or any of its Restricted Subsidiaries (including to any other assets of Holdings or any of its Restricted
Subsidiaries), or (iii) constitutes the lender; 
 (b) no default under which (including any rights that the
holders of the Indebtedness may have to take enforcement action against Holdings or a Restricted Subsidiary thereof) would permit upon notice, lapse of time or both any holder of any other Indebtedness (other than the Loans) of Holdings or any of
its Restricted Subsidiaries to declare a default on such other Indebtedness or cause the payment of such other Indebtedness to be accelerated or payable prior to its Stated Maturity; and 

(c) as to which the holders of such Indebtedness do not otherwise have recourse to the stock or assets of Holdings or any
of its Restricted Subsidiaries (other than as expressly permitted under sub-clause (ii) of clause (a) above in this definition). 

“Non-Wholly-Owned Subsidiary” shall mean, as to any Person, each Subsidiary of such Person which is not a Wholly-Owned
Subsidiary of such Person. 
 “Note” shall mean each Revolving Note and the Swingline Note. 

“Notice Date” shall have the meaning provided in Section 2.16(a). 

  
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 “Notice of Borrowing” shall have the meaning provided in
Section 2.03(a). 
 “Notice of Conversion/Continuation” shall have the meaning provided in
Section 2.06. 
 “Notice Office” shall mean the office of the Administrative Agent located at 5022 Gate
Parkway, Suite 200, 32256 Jacksonville, Florida, Attention: Sheila Lee Telephone No.: (904) 527-6119, and Telecopier No.: (732) 380-3355, with a copy to the office of the Administrative Agent located at 60 Wall Street, New York, New York
10005, Attention: Dusan Lazarov, Telephone No.: (212) 250-0211 and Fax No.: (212) 797-5695, or (in either case) such other office or person as the Administrative Agent may hereafter designate in writing as such to the other parties hereto.

 “Obligations” shall mean (x) the principal of, premium, if any, and interest on the Notes issued by, and the Loans
made to, the Borrower under this Agreement, and all reimbursement obligations and Unpaid Drawings with respect to Letters of Credit and (y) all other payment obligations (including, without limitation, obligations which, but for the automatic
stay under Section 362(a) of the Bankruptcy Code, would become due) and indebtedness owing by the Borrower to the Administrative Agent, the Collateral Agent, the Syndication Agent, any Issuing Lender, the Swingline Lender or any Lender under
this Agreement and each other Credit Document to which the Borrower is a party (including, without limitation, indemnities, expenses (including Expenses), Fees and interest thereon (including, without limitation, in each case any interest, Fees or
expenses (including Expenses) accruing after the commencement of any bankruptcy, insolvency, receivership or similar proceeding at the rate provided for in this Agreement, whether or not such interest, Fees or expenses (including Expenses) are an
allowed claim in any such proceeding)), whether now existing or hereafter incurred under, arising out of or in connection with each such Credit Document (but shall in any event exclude any Secured Hedging Obligations and Treasury Services
Obligations). 
 “OFAC” shall have the meaning provided in Section 8.24(a). 

“Off-Balance Sheet Liabilities” of any Person shall mean (i) any repurchase obligation or liability of such Person with
respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any sale and leaseback transactions that does not create a liability on the balance sheet of such Person, (iii) any obligation under a
Synthetic Lease or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person. 

“Other Hedging Agreements” shall mean any foreign exchange contracts, currency swap agreements, commodity agreements or other
similar arrangements, or arrangements designed to protect against fluctuations in currency values or commodity prices. 

“PACA” shall mean the Perishable Agricultural Commodities Act of 1930, as amended. 

“Participant” shall have the meaning provided in Section 3.04(a). 

“Participant Register” shall have the meaning provided in Section 13.04(e). 

“Patriot Act” shall have the meaning provided in Section 13.18. 

“Paying Agent” shall have the meaning provided in the Merger Agreement. 

  
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 “Payment Conditions” shall mean that each of the following conditions are
satisfied at the time of each action or proposed action and immediately after giving effect thereto: (i) there is no Default or Event of Default existing immediately before or immediately after the action or proposed action, (ii) 90-Day
Excess Availability and Excess Availability on the date of the action or proposed action (calculated after giving effect to the Borrowing of any Loans or issuance of any Letters of Credit in connection with the action or proposed action (and
assuming that such Loans and Letters of Credit had remained outstanding throughout the applicable 90-day period for which 90-Day Excess Availability is to be determined)) exceeds (1) in the case of Permitted Acquisitions, the greater of
(A) 15.0% of Availability at such time and (B) $87,500,000, (2) in the case of Dividends permitted only if Payment Conditions are satisfied, the greater of (A) 20.0% of Availability at such time and (B) $127,500,000 and
(3) in the case of Intercompany Loans made pursuant to clause (iii) of Section 10.05(h), other Investments (other than Permitted Acquisitions and other Investments otherwise permitted without regard to Payment Conditions), any
designation of a Subsidiary as an Unrestricted Subsidiary under Section 9.18 and permitted prepayments, redemptions or repurchases of other Indebtedness, in each case permitted only if Payment Conditions are satisfied, the greater of
(A) 17.5% of Availability at such time and (B) $105,000,000, (iii) Holdings shall be in compliance with a Fixed Charge Coverage Ratio of not less than 1.00:1.00 for the Test Period then most recently ended on a Pro Forma Basis as if
such action or proposed action had occurred on the first day of such Test Period, and (iv) Holdings shall have delivered to the Administrative Agent a certificate of an Authorized Officer of Holdings certifying as to compliance with preceding
clauses (i) through (iii) and demonstrating (in reasonable detail) the calculations required by preceding clauses (ii) and (iii). 

“Payment Office” shall mean the office of the Administrative Agent located at 5022 Gate Parkway, Jacksonville, FL 32256, or
such other office as the Administrative Agent may hereafter designate in writing as such to the other parties hereto. 

“PBGC” shall mean the U.S. Pension Benefit Guaranty Corporation. 

“Permitted Acquisition” shall mean the acquisition by a Qualified Credit Party of an Acquired Entity or Business;
provided that (in each case) (a) the consideration paid or to be paid by the Qualified Credit Party consists solely of cash (including proceeds of Loans), Holdings Common Stock, Qualified Preferred Stock, the issuance or incurrence of
Indebtedness otherwise permitted by Section 10.04 and the assumption/acquisition of any Indebtedness (calculated at face value) which is permitted to remain outstanding in accordance with the requirements of Section 10.04,
(b) in the case of the acquisition of the Equity Interests of any Acquired Entity or Business (including by way of merger), such Acquired Entity or Business shall own no Equity Interests of any other Person (other than immaterial amounts)
unless either (i) such Acquired Entity or Business owns 100% of the Equity Interests of such other Person or (ii) if such Acquired Entity or Business owns Equity Interests in any other Person which is a Non-Wholly-Owned Subsidiary of such
Acquired Entity or Business, (A) such Acquired Entity or Business shall not have been created or established in contemplation of, or for purposes of, the respective Permitted Acquisition, (B) any such Non-Wholly-Owned Subsidiary of the
Acquired Entity or Business shall have been a Non-Wholly-Owned Subsidiary of such Acquired Entity or Business prior to the date of the respective Permitted Acquisition and shall not have been created or established in contemplation thereof and
(C) such Acquired Entity or Business and/or its Wholly-Owned Subsidiaries own at least 90% of the total value of all the assets owned by such Acquired Entity or Business and its Subsidiaries (for purposes of such determination, excluding the
value of the Equity Interests of Non-Wholly-Owned Subsidiaries held by such Acquired Entity or Business and its Wholly-Owned Subsidiaries), (c) the Acquired Entity or Business acquired pursuant to the respective Permitted Acquisition is in a
business permitted by Section 10.11, (d) the Acquired Entity or Business acquired pursuant to the respective Permitted Acquisition is acquired in a “non-hostile” transaction approved by the board of directors (or similar
body) of such Acquired Entity or Business and (e) all requirements of Sections 9.14, 10.02 and 10.12 applicable to Permitted Acquisitions are satisfied. Notwithstanding anything to the contrary contained in the immediately
preceding sentence, an acquisition which does not otherwise meet the 

  
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requirements set forth above in the definition of “Permitted Acquisition” shall constitute a Permitted Acquisition if, and to the extent, the Required Lenders agree in writing, prior to
the consummation thereof, that such acquisition shall constitute a Permitted Acquisition for purposes of this Agreement. 

“Permitted Discretion” shall mean the reasonable exercise of the Collateral Monitors’ good faith credit judgment (from
the perspective of a reasonable secured asset based lender) in consideration of any factor which is reasonably likely to (i) adversely affect the value of any Collateral, the enforceability or priority of the Liens thereon or the amount that
the Administrative Agent, the Collateral Agent, the Collateral Monitors, the Issuing Lenders and the Lenders would be likely to receive (after giving consideration to delays in payment and costs of enforcement) in the liquidation thereof,
(ii) suggest that any collateral report or financial information delivered to the Administrative Agent, the Collateral Agent, the Collateral Monitors or the Lenders by any Person on behalf of any Credit Party is incomplete, inaccurate or
misleading in any material respect, or (iii) increase in any material respect the likelihood that the Administrative Agent, the Collateral Agent, the Collateral Monitors, the Issuing Lenders and the Lenders would not receive payment in full in
cash for all of the Obligations. In exercising such judgment, the Administrative Agent, the Collateral Agent and the Collateral Monitors may consider (but not make duplicate adjustment for) such factors as are already included in or tested by the
definition of Eligible Pharmacy Accounts, Eligible Credit Card Accounts, Eligible Retail Inventory, Eligible Pharmacy Inventory, Eligible Accounts or Eligible Inventory, as well as any of the following (but only to the extent not otherwise adjusted
for in the relevant calculations): (i) the changes in collection history and dilution or collectability with respect to the Accounts; (ii) changes in demand for, pricing of, or product mix of Inventory; and (iii) any other objective
factors that change the credit risk of lending to any Qualified Credit Party on the security of any Qualified Credit Party’s Accounts or Inventory. 

“Permitted Encumbrance” shall mean, with respect to any Mortgaged Property, such exceptions to title as are set forth in the
Mortgage Policy delivered with respect thereto, all of which exceptions must be acceptable to the Administrative Agent in its reasonable discretion. 

“Permitted Holders” shall mean the Sponsor and any majority owned and controlled Affiliate of the Sponsor. 

“Permitted Liens” shall have the meaning provided in Section 10.01. 

“Person” shall mean any individual, partnership, joint venture, firm, corporation, association, limited liability company,
trust or other enterprise or any Governmental Authority. 
 “Pharmacy Scripts” shall mean as to each Qualified Credit
Party, all of such Qualified Credit Party’s now owned or hereafter arising retail customer files (including prescriptions for retail customers and other medical information related thereto) maintained by the retail pharmacies of such Qualified
Credit Party, wherever located. 
 “Plan” shall mean an “employee benefit plan” as defined in Section 3(3)
of ERISA (other than a Multiemployer Plan) maintained or contributed to by Holdings or any of its Restricted Subsidiaries during the five year period prior to the date of this Agreement (or, if later, during the five (5) year period prior to
the date of the most recent Credit Event) or with respect to which Holdings or any of its Restricted Subsidiaries has any liability (including on account of an ERISA Affiliate). 

“Pledge Agreement” shall have the meaning provided in Section 6.09. 

“Pledge Agreement Collateral” shall mean all “Collateral” as defined in the Pledge Agreement. 

  
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 “Pledgee” shall have the meaning provided in the Pledge Agreement. 

“Preferred Equity”, as applied to the Equity Interests of any Person, shall mean Equity Interests of such Person (other than
common Equity Interests of such Person) of any class or classes (however designed) that ranks prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such
Person, to shares of Equity Interests of any other class of such Person, and shall include any Qualified Preferred Stock. 
 “Prime
Lending Rate” shall mean the rate which the Administrative Agent announces from time to time as its prime lending rate, the Prime Lending Rate to change when and as such prime lending rate changes. The Prime Lending Rate is a reference rate
and does not necessarily represent the lowest or best rate actually charged to any customer by the Administrative Agent, which may make commercial loans or other loans at rates of interest at, above or below the Prime Lending Rate. 

“Private Label Credit Card” shall mean a credit card that bears any Credit Party’s trademark and/or logo and is issued
by a third party which takes the credit risk as to customers on a full recourse basis and makes payments to the Credit Parties in a manner similar to other Qualified Credit Card Issuers and where any indebtedness owed by any Credit Party to such
third party is on an unsecured basis. 
 “Pro Forma Basis” shall mean, in connection with any calculation of compliance
with any financial covenant or financial term, the calculation thereof after giving effect on a pro forma basis to (x) the incurrence of any Indebtedness (other than revolving Indebtedness, except to the extent same is incurred to refinance
other outstanding Indebtedness, to finance a Permitted Acquisition or other Investment or to finance a Dividend) after the first day of the relevant Calculation Period or Test Period, as the case may be, as if such Indebtedness had been incurred
(and the proceeds thereof applied) on the first day of such Test Period or Calculation Period, as the case may be, (y) the permanent repayment of any Indebtedness (other than revolving Indebtedness, except to the extent accompanied by a
corresponding permanent commitment reduction) after the first day of the relevant Test Period or Calculation Period, as the case may be, as if such Indebtedness had been retired or repaid on the first day of such Test Period or Calculation Period,
as the case may be, and (z) any Investment permitted by Section 10.05(p) or (r) and any Permitted Acquisition then being consummated as well as any other Investment permitted by Section 10.05(p) or
(r) or Permitted Acquisition if consummated after the first day of the relevant Test Period or Calculation Period, as the case may be, and on or prior to the date of the respective Investment or Permitted Acquisition, as the case may be,
then being effected, with the following rules to apply in connection therewith: 
 (i) all Indebtedness (x) (other than
revolving Indebtedness, except to the extent same is incurred to refinance other outstanding Indebtedness, to finance Permitted Acquisitions or other Investments or to finance a Dividend) incurred or issued after the first day of the relevant Test
Period or Calculation Period (whether incurred to finance a Permitted Acquisition, to refinance Indebtedness or otherwise) shall be deemed to have been incurred or issued (and the proceeds thereof applied) on the first day of such Test Period or
Calculation Period, as the case may be, and remain outstanding through the date of determination and (y) (other than revolving Indebtedness, except to the extent accompanied by a corresponding permanent commitment reduction) permanently retired
or redeemed after the first day of the relevant Test Period or Calculation Period, as the case may be, shall be deemed to have been retired or redeemed on the first day of such Test Period or Calculation Period, as the case may be, and remain
retired through the date of determination; 

  
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 (ii) all Indebtedness assumed to be outstanding pursuant to preceding clause
(i) shall be deemed to have borne interest at (x) the rate applicable thereto, in the case of fixed rate indebtedness, or (y) the rates which would have been applicable thereto during the respective period when same was deemed
outstanding, in the case of floating rate Indebtedness (although interest expense with respect to any Indebtedness for periods while same was actually outstanding during the respective period shall be calculated using the actual rates applicable
thereto while same was actually outstanding); provided that all Indebtedness (whether actually outstanding or deemed outstanding) bearing interest at a floating rate of interest shall be tested on the basis of the rates applicable at the time
of such calculation of compliance; and 
 (iii) in making any determination of Consolidated EBITDA on a Pro Forma Basis,
pro forma effect shall be given to any Investment permitted by Section 10.05(p) or (r) or any Permitted Acquisition if effected during the respective Calculation Period or Test Period as if same had occurred on the first day
of the respective Calculation Period or Test Period, as the case may be, and taking into account, in the case of any Investment permitted by Section 10.05(p) or (r) or any Permitted Acquisition, the amount of net cost
savings, operating expense reductions, other operating improvements and acquisition synergies projected by Holdings in good faith to be realized during such period as a result of actions taken or to be taken in connection with such Investment or
Permitted Acquisition, net of the amount of actual benefits realized during such period that are otherwise included in the calculation of Consolidated EBITDA from such actions; provided that (A) a duly completed certificate signed by a
Responsible Officer of Holdings shall be delivered to the Administrative Agent certifying that (x) such cost savings, operating expense reductions and synergies are factually supportable and identifiable cost savings and expenses, and
(y) such actions are to be taken within 24 months after the date of such Investment or Permitted Acquisition, (B) no cost savings, operating expense reductions and synergies shall be added to Consolidated EBITDA to the extent duplicative
of any expenses or charges otherwise added to Consolidated EBITDA, whether through a pro forma adjustment or otherwise, for such period, (C) projected amounts (and not yet realized) may not be added in calculating Consolidated EBITDA pursuant
to this clause (iii) to the extent occurring more than four full fiscal quarters after the specified action taken in order to realize such projected cost savings, operating expense reductions and synergies and (D) such cost savings,
operating expense reductions and synergies shall not exceed 10% of Consolidated EBITDA in any Calculation Period or Test Period, as the case may be (as determined prior to giving effect to any such cost savings, operating expense reductions and
synergies). 
 “Projections” shall mean the projections that were prepared by or on behalf of the Borrower in connection
with the Transaction and delivered to the Administrative Agent and the Lenders prior to the Effective Date. 
 “Qualified Credit
Card Issuer” shall mean the credit card issuers set forth on Schedule 1.01(e) and any other credit card issuers permitted by the Collateral Monitors in their Permitted Discretion. 

“Qualified Credit Card Processor” shall mean the credit card processors set forth on Schedule 1.01(f) and any other
credit card processors permitted by the Collateral Monitors in their Permitted Discretion. 
 “Qualified Credit Party”
shall mean the Borrower and each Subsidiary Guarantor that is a Wholly-Owned Domestic Subsidiary of the Borrower. 

  
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 “Qualified IPO” shall mean a bona fide underwritten sale to the public of common
stock of Holdings pursuant to a registration statement (other than on Form S-8 or any other form relating to securities issuable under any benefit plan of Holdings or any of its Subsidiaries, as the case may be) that is declared effective by the SEC
and such offering results in net cash proceeds received by Holdings of at least $100,000,000. 
 “Qualified Preferred
Stock” shall mean any Preferred Equity of Holdings so long as the terms of any such Preferred Equity (and the terms of any Equity Interests into which such Preferred Equity is convertible or for which it is exchangeable, either mandatorily
or at the option of the holder thereof) (x) do not contain any mandatory put, redemption, repayment, sinking fund or other similar provision (other than pursuant to a customer offer to repurchase as a result of a change of control) that would
require such Preferred Equity to be purchased, redeemed, repaid (or any sinking fund payment to be made) at any time prior to six (6) months after the Initial Maturity Date (or, if the Initial Maturity Date shall have been extended pursuant to
Section 2.16, six (6) months after the Final Maturity Date), (y) do not require the cash payment of dividends or distributions that would otherwise be prohibited by the terms of this Agreement or any other agreement or contract
of Holdings or any of its Subsidiaries, and (z) are otherwise reasonably satisfactory to the Administrative Agent. 

“Quarterly Payment Date” shall mean June 30, 2012 and the last Business Day of each March, June, September and December
occurring thereafter. 
 “Quarterly Pricing Certificate” shall have the meaning provided in the definition of Applicable
Margin. 
 “Real Property” of any Person shall mean all the right, title and interest of such Person in and to land,
improvements and fixtures thereon, including Leaseholds. 
 “Recovery Event” shall mean any event that gives rise to the
receipt by Holdings or any of its Restricted Subsidiaries of any cash insurance proceeds or condemnation awards payable (i) by reason of theft, loss, physical destruction, damage, taking or any other similar event with respect to any property
or assets of Holdings or any of its Restricted Subsidiaries or (ii) under any policy of insurance maintained by any of them. 

“Refinancing” shall mean the refinancing transactions described in Section 6.06, and
“Refinanced” shall have a corresponding meaning. 
 “Refinancing Senior Secured Notes” shall mean any
Indebtedness of the Borrower (which may be guaranteed by Holdings and the Subsidiary Guarantors) the net cash proceeds of which are used to refinance, replace or refund all or any portion of the then outstanding Senior Secured Notes so long as
(a) such Indebtedness does not mature earlier than six (6) months after the Final Maturity Date in effect at the time of incurrence of such Indebtedness and does not have any mandatory redemption, prepayment, sinking fund or similar
obligations prior to such maturity date (other than pursuant to customary asset sale and change of control provisions) and otherwise contain terms and conditions (excluding interest rate and redemption premiums) which, taken as a whole, are not more
restrictive on Holdings and its Restricted Subsidiaries in any material respect than the terms and conditions of the Senior Secured Notes Documents as in effect on the Effective Date, (b) such Indebtedness does not (i) exceed the aggregate
principal amount of the Senior Secured Notes being refinanced, replaced or refunded other than as a result of the refinancing of accrued and unpaid interest and premiums (including applicable prepayment premiums) and the fees and the costs of
issuing such refinancing Indebtedness or (ii) add guarantors, obligors or security from that which applied to the Senior Secured Notes unless the same guarantors, obligors or security are added in connection with this Agreement and the other
Credit 

  
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Documents, and (c) if such Indebtedness is secured, such Indebtedness shall be subject to the terms and conditions of the Intercreditor Agreement (or, if the Intercreditor Agreement is no
longer in effect, an intercreditor agreement on substantially the same terms as the Intercreditor Agreement or otherwise agreed to by the Administrative Agent) on the same basis (or on less favorable terms to the holders of such Refinancing Senior
Secured Notes) as the Senior Secured Notes as in effect on the Effective Date. 
 “Refinancing Senior Secured Notes Agent”
shall mean the respective collateral agent, collateral trustee or similar Person for the holders of the Refinancing Senior Secured Notes. 

“Refinancing Senior Secured Notes Documents” shall mean the Refinancing Senior Secured Notes Indenture, the Refinancing
Senior Secured Security Documents, all guarantee agreements relating to the Refinancing Senior Secured Notes and all other documents, agreements or instruments from time to time relating thereto. 

“Refinancing Senior Secured Notes Indenture” shall mean any indenture, purchase agreement, credit agreement, loan agreement
or similar agreement or arrangement evidencing or governing the Refinancing Senior Secured Notes. 
 “Refinancing Senior Secured
Notes Secured Parties” shall mean the Refinancing Senior Secured Notes Agent and any other agent, trustee, representative or similar Person for the holders of any Refinancing Senior Secured Notes and the holders from time to time of any
Refinancing Senior Secured Notes. 
 “Refinancing Senior Secured Notes Security Documents” shall mean all pledge
agreements, security agreements, mortgages, deeds of trust, collateral documents and other documents, agreements or instruments from time to time that create (or purport to create) Liens on any assets or properties of any Credit Party to secure any
obligations under the Refinancing Senior Secured Notes Documents. 
 “Register” shall have the meaning provided in
Section 13.15. 
 “Regulation D” shall mean Regulation D of the Board as from time to time in effect and any
successor to all or a portion thereof establishing reserve requirements. 
 “Regulation T” shall mean Regulation T of the
Board as from time to time in effect and any successor to all or a portion thereof. 
 “Regulation U” shall mean Regulation
U of the Board as from time to time in effect and any successor to all or a portion thereof. 
 “Regulation X” shall mean
Regulation X of the Board as from time to time in effect and any successor to all or a portion thereof. 
 “Release” shall
mean actively or passively disposing, discharging, injecting, spilling, pumping, leaking, leaching, dumping, emitting, escaping, emptying, pouring, seeping, migrating or the like, into or upon any land or water or air, or otherwise entering into the
environment. 
 “Rent Reserve” shall mean a reserve established (with respect to succeeding clause (b), after the date that
is 90 days after the Effective Date) by the Collateral Monitors (upon notice to the Borrower) equal to three (3) months’ rent (or a lesser amount reasonably agreed to by the Administrative Agent) in respect of rent payments made by a
Qualified Credit Party for each (a) leased store (i) that is in 

  
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a State providing lessors with statutory or common law Lien rights on personal property located at such store securing payment of rent and other charges that prime a previously perfected security
interest or (ii) that is subject to a lease that grants to the landlord a security interest in property that would otherwise constitute Eligible Inventory which is a first priority perfected security interest, and (b) distribution center,
warehouse or other location other than a leased store at which Inventory of a Qualified Credit Party is located, unless, in each case, such location is subject to a Landlord Personal Property Collateral Access Agreement (as reported to the
Administrative Agent by the Borrower from time to time as requested by the Administrative Agent, as adjusted from time to time by the Collateral Monitors in their Permitted Discretion). 

“Replaced Lender” shall have the meaning provided in Section 2.13. 

“Replacement Lender” shall have the meaning provided in Section 2.13. 

“Reportable Event” shall mean an event described in Section 4043(c) of ERISA with respect to a Plan that is subject to
Title IV of ERISA other than those events as to which the 30-day notice period is waived under applicable regulations. 
 “Required
Lenders” shall mean, at any time, Non-Defaulting Lenders the sum of whose outstanding Revolving Loan Commitments at such time (or, after the termination thereof, outstanding Revolving Loans and RL Percentages of (x) outstanding
Swingline Loans at such time and (y) Letter of Credit Outstandings at such time) represents at least a majority of the sum of the Total Revolving Loan Commitment in effect at such time less the Revolving Loan Commitments of all
Defaulting Lenders at such time (or, after the termination thereof, the sum of then total outstanding Revolving Loans of Non-Defaulting Lenders and the aggregate RL Percentages of all Non-Defaulting Lenders of the total outstanding Swingline Loans
and Letter of Credit Outstandings at such time). 
 “Reserves” shall mean reserves, if any, established by the Collateral
Monitors from time to time hereunder in their Permitted Discretion against the Borrowing Base, including without limitation (but without duplication), (i) Rent Reserves, (ii) potential dilution related to Accounts, (iii) sums that the
Qualified Credit Parties are or will be required to pay (such as taxes, assessments and insurance premiums) and have not yet paid, (iv) amounts owing by any Qualified Credit Party to any Person to the extent secured by a Lien on, or trust over,
any Collateral, (v) to reflect amounts owing by any Qualified Credit Party under PACA, (vi) Customer Credit Liabilities Reserves and (vii) such other events, conditions or contingencies as to which the Collateral Monitors, in their
Permitted Discretion, determine reserves should be established (without duplication of any reserves established pursuant to foregoing clauses (i) through (vi)) from time to time hereunder; provided, however, that the Collateral
Monitors may not implement reserves with respect to matters which are already specifically reflected as ineligible Accounts, Pharmacy Scripts or Inventory or criteria deducted in computing the amount of Eligible Accounts, Value of Eligible Inventory
or the Net Orderly Liquidation Value of Eligible Inventory. 
 “Responsible Officer” shall mean the chief executive
officer, the president, the chief operating officer, the chief financial officer, the treasurer or any other senior or executive officer of a Person. 

“Restricted Subsidiary” shall mean any Subsidiary of Holdings other than an Unrestricted Subsidiary; provided that in
no event shall the Borrower be an Unrestricted Subsidiary. 
 “Returns” shall have the meaning provided in
Section 8.09. 
 “Revolving Loan” shall have the meaning provided in Section 2.01(a). 

  
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 “Revolving Loan Commitment” shall mean, for each Lender, the amount set forth
opposite such Lender’s name in Schedule 1.01(a) directly below the column entitled “Revolving Loan Commitment,” as same may be (x) reduced from time to time or terminated pursuant to Sections 4.02, 4.03
and/or 11, as applicable, (y) adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 2.13 or Section 13.04(b) or (z) increased from time to time pursuant to
Section 2.14. In addition, the Revolving Loan Commitment of each Lender shall include, subject to the consent of such Lender, any Extended Revolving Loan Commitment of such Lender. 

“Revolving Note” shall have the meaning provided in Section 2.05(a). 

“RL Percentage” of any Lender at any time shall mean a fraction (expressed as a percentage) the numerator of which is the
Revolving Loan Commitment of such Lender at such time and the denominator of which is the Total Revolving Loan Commitment at such time; provided that if the RL Percentage of any Lender is to be determined after the Total Revolving Loan
Commitment has been terminated, then the RL Percentages of such Lender shall be determined immediately prior (and without giving effect) to such termination. 

“S&P” shall mean Standard & Poor’s Ratings Services, a division of McGraw-Hill, Inc. 

“Scheduled Properties” shall mean the Real Property of the Credit Parties set forth on Schedule 1.01(c). 

“Scheduled Sale Leaseback Properties” shall mean the Real Property of the Credit Parties set forth on Schedule
1.01(d). 
 “SEC” shall have the meaning provided in Section 9.01(h). 

“Section 5.04(b)(ii) Certificate” shall have the meaning provided in Section 5.04(b)(ii). 

“Secured Creditors” shall have the meaning provided in the respective Security Documents. 

“Secured Hedging Obligations” shall have the meaning provided in the Security Agreement. 

“Securities Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 “Security Agreement” shall have the meaning provided in Section 6.11. 

“Security Agreement Collateral” shall mean all “Collateral” as defined in the Security Agreement. 

“Security Document” shall mean and include each of the Security Agreement, the Pledge Agreement, each Mortgage, after the
execution and delivery thereof, each Additional Security Document and each Incremental Security Document and any other related document, agreement or grant pursuant to which Holdings or any of its Restricted Subsidiaries grants, perfects or
continues a security interest in favor of the Collateral Agent for the benefit of the Secured Creditors; provided that any cash collateral or other agreements entered into pursuant to the Letter of Credit Back-Stop Arrangements shall
constitute “Security Documents” solely for purposes of (x) Sections 8.03 and 10.01(d) and (y) the term “Credit Documents” as used in Sections 10.04(a), 10.12 and 13.01. 

  
 46 

 “Senior Secured Notes” shall mean the Borrower’s and BI-LO Finance
Corp.’s 9.25% senior secured notes due 2019, issued pursuant to the Senior Secured Notes Indenture, as in effect on the Effective Date and as the same may be amended, modified and/or supplemented from time to time in accordance with the terms
hereof and thereof. 
 “Senior Secured Notes Agent” shall mean Wells Fargo Bank, National Association, as trustee and
collateral agent under the Senior Secured Notes Documents, together with its successors, assigns or replacements in such capacity. 

“Senior Secured Notes Documents” shall mean the Senior Secured Notes, the Senior Secured Notes Indenture, the Senior Secured
Notes Security Documents, as in effect on the Effective Date and as the same may be amended, modified and/or supplemented from time to time in accordance with the terms hereof and thereof. 

“Senior Secured Notes Indenture” shall mean the Indenture, dated as of February 3, 2011, among the Borrower and BI-LO
Finance Corp., as issuers, Holdings, the Subsidiary Guarantors, and the Senior Secured Notes Agent, as trustee thereunder, as in effect on the Effective Date and as the same may be amended, modified or supplemented from time to time in accordance
with the terms hereof and thereof. 
 “Senior Secured Notes Priority Collateral” shall mean any and all Collateral other
than the ABL Priority Collateral. 
 “Senior Secured Notes Secured Parties” shall mean the Senior Secured Notes Agent (both
in its capacity as a trustee and collateral agent for the holders of the Senior Secured Notes) and the holders from time to time of the Senior Secured Notes. 

“Senior Secured Notes Security Documents” shall mean the “Security Documents” as defined in the Senior Secured
Notes Indenture. 
 “Shareholders’ Agreements” shall mean all agreements entered by Holdings or any of its Restricted
Subsidiaries governing the terms and relative rights of its equity interests and any agreements entered into by its shareholders relating to any such entity with respect to its equity interests. 

“Shareholder Subordinated Note” shall mean an unsecured subordinated note issued by Holdings and not guaranteed by any
Restricted Subsidiary of Holdings in the form of Exhibit Q, as the same may be modified, amended or supplemented from time to time in accordance with the terms hereof and thereof. 

“Specified Representations” shall mean the representations and warranties set forth in Sections 8.01(i), 8.02,
8.03(i), (ii) (solely as it relates to the Senior Secured Notes Documents) and (iii) in each case in respect of such Section 8.03 as it relates to the entry into and performance of the Credit Documents,
8.05(b), 8.08(b), 8.11, 8.16, 8.24 and 8.26. 
 “Sponsor” shall mean Lone Star
Fund V (U.S.), L.P., Lone Star Fund VII (U.S.), L.P. and their respective majority owned and controlled Affiliates (other than any portfolio company of any of the foregoing). 

“Sponsor Management Agreement” shall mean that certain Asset Advisory Agreement dated effective as of the Effective Date
between Hudson Americas LLC, a Delaware limited liability company, and the Borrower, as in existence on the date hereof. 

  
 47 

 “Start Date” shall have the meaning provided in the definition of Applicable
Margin. 
 “Stated Amount” of each Letter of Credit shall mean, at any time, the maximum amount available to be drawn
thereunder in each case determined (x) as if any future automatic increases in the maximum amount available that are provided for in any such Letter of Credit had in fact occurred at such time and (y) without regard to whether any
conditions to drawing could then be met but after giving effect to all previous drawings made thereunder. 
 “Stated
Maturity” shall mean, with respect to any security, the date specified in such security as the fixed date on which the final payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision
(but excluding any provisions providing for the repurchase of such security at the option of the holder thereof upon the happening of any contingency unless such contingency has occurred). 

“Subsidiaries Guaranty” shall have the meaning provided in Section 6.08. 

“Subsidiary” shall mean, as to any Person, (i) any corporation more than 50% of whose stock of any class or classes
having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason
of the happening of any contingency) is at the time owned by such Person and/or one or more Subsidiaries of such Person or (ii) any partnership, limited liability company, association, joint venture or other entity in which such Person and/or
one or more Subsidiaries of such Person has more than a 50% equity interest at the time. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or
Subsidiaries of Holdings; provided that, for the purposes of this Agreement, “Subsidiaries” of the Borrower shall be deemed to include BG Cards so long as BG Cards otherwise is a Subsidiary (as determined without regard to this
proviso) of Holdings. 
 “Subsidiary Guarantor” shall mean each direct and indirect Domestic Subsidiary of Holdings (other
than the Borrower), whether existing on the Effective Date or established, created or acquired after the Effective Date, unless and until such time as such Domestic Subsidiary is released from all of its obligations under the Guaranty in accordance
with the terms and provisions thereof; provided that, notwithstanding the foregoing, no Excluded Subsidiary or Unrestricted Subsidiary shall be required to be a Subsidiary Guarantor unless and until such Excluded Subsidiary or Unrestricted
Subsidiary is required to guarantee the Senior Secured Notes, any Additional Obligations, any Refinancing Senior Secured Notes or any other Indebtedness of Holdings or its Restricted Subsidiaries. 

“Supermajority Lenders” shall mean those Non-Defaulting Lenders which would constitute the Required Lenders under, and as
defined in, this Agreement, if the reference to “a majority” contained therein were changed to “66 2⁄3%.” 

“Supply Agreement” means that certain Second Amended and Restated BI-LO, LLC Supply Agreement, dated as of May 12, 2010,
among Holdings, the Borrower and C&S Wholesale Grocers, Inc. or any comparable contract entered into in replacement thereof. 

“Swingline Expiry Date” shall mean that date which is five (5) Business Days prior to the Final Maturity Date. 

“Swingline Lender” shall mean the Administrative Agent, in its capacity as Swingline Lender hereunder. 

  
 48 

 “Swingline Loan” shall have the meaning provided in Section 2.01(b).

 “Swingline Loan Exposure” shall mean, at any time, the aggregate principal amount of all Swingline Loans outstanding at
such time. The Swingline Loan Exposure of any Lender at any time shall be its RL Percentage of the aggregate Swingline Loan Exposure at such time. 

“Swingline Note” shall have the meaning provided in Section 2.05(a). 

“Syndication Agent” shall mean Citibank, N.A., in its capacity as syndication agent for the Lenders hereunder and under the
other Credit Documents. 
 “Synthetic Lease” shall mean a lease transaction under which the parties intend that
(i) the lease will be treated as an “operating lease” by the lessee and (ii) the lessee will be entitled to various tax and other benefits ordinarily available to owners (as opposed to lessees) of like property. 

“Target” shall have the meaning provided in the recitals to this Agreement. 

“Target Holdings” shall have the meaning provided in the recitals to this Agreement. 

“Tax Sharing Agreements” shall mean all tax sharing, tax collecting and other similar agreements entered into by Holdings or
any of its Restricted Subsidiaries. 
 “Taxes” shall have the meaning provided in Section 5.04(a). 

“Test Period” shall mean each period of 13 consecutive Fiscal Months of Holdings then last ended, in each case taken as one
accounting period. If the respective Test Period (i) includes any Fiscal Month during the Fiscal Quarter of Holdings ended April 23, 2011, (x) Consolidated EBITDA for each such Fiscal Month shall be deemed to be one quarter of
$103,002,000, (y) Fixed Charges for each such Fiscal Month shall be deemed to be one quarter of $33,134,000 and (z) the aggregate amounts referred to in clauses (a)(ii), (iii) and (iv) of the definition of Fixed Charge Coverage
Ratio for each such Fiscal Month shall be deemed to be one quarter of $29,808,000, (ii) includes any Fiscal Month during the Fiscal Quarter of Holdings ended July 16, 2011, (x) Consolidated EBITDA for each such Fiscal Month shall be
deemed to be one third of $72,433,000, (y) Fixed Charges for each such Fiscal Month shall be deemed to be one third of $25,857,000 and (z) the aggregate amounts referred to in clauses (a)(ii), (iii) and (iv) of the definition of
Fixed Charge Coverage Ratio for each such Fiscal Month shall be deemed to be one third of $28,438,000, (iii) includes any Fiscal Month during the Fiscal Quarter of Holdings ended October 8, 2011, (x) Consolidated EBITDA for each such
Fiscal Month shall be deemed to be one third of $67,184,000, (y) Fixed Charges for each such Fiscal Month shall be deemed to be one third of $25,943,000 and (z) the aggregate amounts referred to in clauses (a)(ii), (iii) and
(iv) of the definition of Fixed Charge Coverage Ratio for each such Fiscal Month shall be deemed to be one third of $30,863,000, (iv) includes any Fiscal Month during the Fiscal Quarter of Holdings ended December 31, 2011,
(x) Consolidated EBITDA for each such Fixed Month shall be deemed to be one third of $73,792,000, (y) Fixed Charges for each such Fiscal Month shall be deemed to be one third of $24,938,000 and (z) the aggregate amounts referred to in
clauses (a)(ii), (iii) and (iv) of the definition of Fixed Charge Coverage Ratio for each such Fiscal Month shall be deemed to be one third of $29,888,000, (v) includes any of the Fiscal Months ended January 28,
2012, February 25, 2012 or March 24, 2012, (x) Consolidated EBITDA for such Fiscal Month shall be deemed to be one quarter of $133,289,000, (y) Fixed Charges for such Fiscal Month shall be deemed to be one quarter of
$34,140,000, (z) the aggregate amounts referred to in clauses (a)(ii), (iii) and (iv) of the definition of Fixed Charge Coverage Ratio for such Fiscal Month shall be deemed to be one quarter of $39,658,000 and (vi) includes the
Fiscal Month ended April 21, 2012, Consolidated EBITDA, Fixed Charges, and the aggregate amounts referred to in clauses (a)(ii), (iii) and 

  
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(iv) of the definition of Fixed Charge Coverage Ratio for such Fiscal Month shall be actual amounts for such Fiscal Month including an amount in respect of Target for the period from the
Effective Date through April 21, 2012 pro rated as appropriate for such Fiscal Month; provided that further adjustments may be made on Pro Forma Basis to the amounts specified above to the extent provided herein with respect to Permitted
Acquisitions that are consummated after the Effective Date. 
 “Threshold Amount” shall mean $20,000,000. 

“Total Leverage Ratio” shall mean, on any date of determination, the ratio of (x) Consolidated Indebtedness on the last
date of the Test Period most recently ended on or prior to such date to (y) Consolidated EBITDA for the Test Period most recently ended on or prior to such date; provided that for purposes of any calculation of the Total Leverage Ratio
pursuant to this Agreement, Consolidated EBITDA and Consolidated Indebtedness shall be determined on a Pro Forma Basis in accordance with the requirements of the definition of “Pro Forma Basis” contained herein. Notwithstanding anything to
the contrary contained above in this definition, for the purposes of determining the Total Leverage Ratio, to the extent Consolidated EBITDA is to be determined for any Test Period which ends prior to April 20, 2013, the amount of Consolidated
EBITDA for all portions of such period ending on or prior to April 21, 2012 shall be calculated in accordance with the second sentence of the definition of Test Period contained herein. 

“Total Revolving Loan Commitment” shall mean, at any time, the sum of the Revolving Loan Commitments of each of the Lenders
at such time. 
 “Total Unutilized Revolving Loan Commitment” shall mean, at any time, an amount equal to the remainder of
(x) the Total Revolving Loan Commitment in effect at such time less (y) the sum of (i) the aggregate principal amount of all Revolving Loans and Swingline Loans outstanding at such time plus (ii) the aggregate
amount of all Letter of Credit Outstandings at such time. 
 “Transaction” shall mean, collectively, (i) the
consummation of the Acquisition, the Merger and the other transactions contemplated by the Merger Documents, (ii) the consummation of the Refinancing, (iii) the consummation of the Equity Contribution, (iv) the execution, delivery and
performance by each Credit Party of the Credit Documents to which it is a party, the incurrence of Loans (if any) on the Effective Date and the use of proceeds thereof, and (v) the payment of all Transaction Costs. 

“Transaction Costs” shall have the meaning provided such term in the recitals to this Agreement. 

“Treasury Services Agreement” shall have the meaning provided such term in the Security Agreement. 

“Treasury Services Creditors” shall have the meaning provided such term in the Security Agreement. 

“Treasury Services Obligations” shall have the meaning provided such term in the Security Agreement. 

“Type” shall mean the type of Loan determined with regard to the interest option applicable thereto, i.e., whether a
Base Rate Loan or a LIBOR Loan. 

  
 50 

 “UCC” shall mean the Uniform Commercial Code as from time to time in effect in
the relevant jurisdiction. 
 “Unfunded Pension Liability” of any Plan subject to Title IV of ERISA shall mean the amount,
if any, by which the value of the accumulated plan benefits under such Plan determined on a plan termination basis in accordance with actuarial assumptions at such time consistent with those prescribed by the PBGC for purposes of Section 4044
of ERISA, exceeds the Fair Market Value of all plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions). 

“United States” and “U.S.” shall each mean the United States of America. 

“Unpaid Drawing” shall have the meaning provided in Section 3.05(a). 

“Unrestricted Subsidiary” shall mean: 

(a) any Subsidiary of the Borrower created or acquired after the Effective Date that is designated by the board of directors of
Holdings as an Unrestricted Subsidiary pursuant to a board resolution and in accordance with Section 9.18, but only to the extent that such Subsidiary: 

(i) has no Indebtedness other than Non-Recourse Debt; 

(ii) is not party to any agreement, contract, arrangement or understanding with Holdings or any Restricted Subsidiary unless
the terms of any such agreement, contract, arrangement or understanding are no less favorable to Holdings or such Restricted Subsidiary than those that might be obtained at the time from Persons who are not Affiliates of Holdings; 

(iii) is a Person with respect to which neither Holdings nor any of its Restricted Subsidiaries has any direct or indirect
obligation (A) to subscribe for additional Equity Interests or (B) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating results; 

(iv) has not guaranteed or otherwise directly or indirectly provided credit support for any then outstanding Indebtedness
of Holdings or any of its Restricted Subsidiaries; and 
 (v) does not own any Equity Interests of Holdings or any of
its Restricted Subsidiaries which is not simultaneously being designated an Unrestricted Subsidiary; and 
 (b) any
Subsidiary of an Unrestricted Subsidiary. 
 “Unutilized Revolving Loan Commitment” shall mean, with respect to any Lender
at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (a) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (b) such Lender’s RL Percentage of the
Letter of Credit Outstandings at such time. 
 “Value” shall mean, with respect to Eligible Inventory, the lower of
(i) the cost thereof computed on a first-in first-out basis in accordance with GAAP and (ii) the market value thereof (net of any intercompany profit). 

  
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 “Voting Stock” of any Person shall mean all of the class or classes pursuant to
which the holders thereof have the general voting power under ordinary circumstances to elect at least a majority of the board of directors, managers or trustees of such Person (irrespective of whether or not at the time Equity Interests of any
other class or classes shall have or might have voting power by reason of the happening of any contingency). 
 “Weekly Borrowing
Base Period” shall mean any period (a) commencing on the date on which (i) a Default or an Event of Default has occurred and is continuing or (ii) Excess Availability is less than the greater of (x) 12.5% of Availability
as then in effect and (y) $70,000,000 and (b) ending on the first date thereafter on which (i) no Default or Event of Default exists and (ii) Excess Availability has been equal to or greater than the greater of (x) 12.5% of
Availability as then in effect and (y) $70,000,000 for 30 consecutive days. 
 “Wholly-Owned Domestic Subsidiary”
shall mean, as to any Person, any Domestic Subsidiary of such Person that is a Wholly-Owned Subsidiary. 
 “Wholly-Owned
Subsidiary” shall mean, as to any Person, (i) any corporation 100% of whose capital stock is at the time owned by such Person and/or one or more Wholly-Owned Subsidiaries of such Person and (ii) any partnership, limited liability
company, association, joint venture or other entity in which such Person and/or one or more Wholly-Owned Subsidiaries of such Person has a 100% equity interest at such time (other than, in the case of a Foreign Subsidiary of the Borrower with
respect to the preceding clauses (i) and (ii), directors’ qualifying shares and/or other nominal amounts of shares required to be held by Persons other than the Borrower and its Subsidiaries under applicable law). 

1.02. Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement shall have the
defined meanings when used in the other Credit Documents or any certificate or other document made or delivered pursuant hereto or thereto. 

(b) As used herein and in the other Credit Documents, and any certificate or other document made or delivered pursuant hereto
or thereto, (i) accounting terms not defined in Section 1.01 shall have the respective meanings given to them under GAAP, (ii) the word “incur” shall be construed to mean incur, create, issue, assume, become liable in
respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings), (iii) the words “include”, “includes” and “including” shall be deemed to be followed by
the phrase “without limitation”, (iv) unless the context otherwise requires, the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, Equity Interests, securities, revenues, accounts, leasehold interests and contract rights, (v) the word “will” shall be construed to have the same meaning and effect as the word
“shall”, (vi) unless the context otherwise requires, any reference herein (A) to any Person shall be construed to include such Person’s successors and assigns and (B) to Holdings, the Borrower or any other Credit Party
shall be construed to include Holdings, the Borrower or such Credit Party as debtor and debtor-in-possession and any receiver or trustee for Holdings, the Borrower or any other Credit Party, as the case may be, in any insolvency or liquidation
proceeding, (vii) unless otherwise expressly provided herein or in any other Credit Document, references to agreements and other contractual instruments, including this Agreement and the other Credit Documents, shall be deemed to include all
subsequent amendments, thereto, restatements and substitutions thereof and other modifications and supplements thereto which are in effect from time to time, (viii) references to any statute or regulation are to be construed as including all
statutory and regulatory provisions related thereto or consolidating, amending, replacing, supplementing or interpreting the statute or regulation and (ix) terms (including uncapitalized terms) not otherwise defined herein and that are defined
in the UCC shall have the meanings therein described. 

  
 52 

 (c) The words “hereof,” “herein” and “hereunder”
and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified.

 (d) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such
terms. 
 SECTION 2. Amount and Terms of Credit. 

2.01. The Commitments. (a) Subject to and upon the terms and conditions set forth herein, each Lender severally agrees to make, at
any time and from time to time on or after the Effective Date and prior to the Final Maturity Date, a revolving loan or revolving loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the
Borrower, which Revolving Loans (i) shall be denominated in Dollars, (ii) shall, at the option of the 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 2.10(b), all Revolving Loans comprising the same Borrowing shall at all times be of the same Type, (iii) may be repaid and reborrowed in accordance with the provisions hereof, (iv) shall not be
made (and shall not be required to be made) by any Lender in any instance where the incurrence thereof (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding
pursuant to this Agreement) would cause the Individual Exposure of such Lender to exceed the amount of its Revolving Loan Commitment at such time, (v) shall not be made (and shall not be required to be made) by any Lender in any instance where
the incurrence thereof (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof to repay any amounts theretofore outstanding pursuant to this Agreement) would cause (A) the Aggregate Exposure to exceed the
Total Revolving Loan Commitment as then in effect or (B) the Aggregate Exposure to exceed the Borrowing Base at such time and (vi) shall not exceed in aggregate principal amount, on the Effective Date, when taken together with all
Swingline Loans made on such date, $300,000,000. 
 (b) Subject to and upon the terms and conditions set forth herein, the
Swingline Lender agrees to make, at any time and from time to time on or after the Effective Date and prior to the Swingline Expiry Date, a revolving loan or revolving loans (each, a “Swingline Loan” and, collectively, the
“Swingline Loans”) to the Borrower, which Swingline Loans (i) shall be denominated in Dollars, (ii) shall be incurred and maintained as Base Rate Loans; (iii) may be repaid and reborrowed in accordance with the
provisions hereof, (iv) shall not be made (and shall not be required to be made) by the Swingline Lender in any instance where the incurrence thereof (after giving effect to the use of the proceeds thereof on the date of the incurrence thereof
to repay any amounts theretofore outstanding pursuant to this Agreement) would cause (A) the Aggregate Exposure to exceed the Total Revolving Loan Commitment as then in effect or (B) the Aggregate Exposure to exceed the Borrowing Base at
such time, (v) shall not exceed in aggregate principal amount at any time outstanding the Maximum Swingline Amount and (vi) shall not exceed in aggregate principal amount on the Effective Date, when taken together with all Revolving Loans
made on such date, $300,000,000. Notwithstanding anything to the contrary contained in this Section 2.01(b), the Swingline Lender shall not make any Swingline Loan after it has received written notice from the Borrower, any other Credit
Party or the Required Lenders stating that a Default or an Event of Default exists and is continuing until such time as the Swingline Lender shall have received written notice (A) of rescission of all such notices from the party or parties
originally delivering such notice or notices or (B) of the waiver of such Default or Event of Default by the Required Lenders. 

  
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 (c) On any Business Day (but in any event no less frequently than once per week),
the Swingline Lender or the Administrative Agent, as the case may be, may, in its sole discretion give notice to the Lenders that the Swingline Lender’s outstanding Swingline Loans or the Administrative Agent’s outstanding Agent Advances,
as the case may be, shall be funded with one or more Borrowings of Revolving Loans (provided that such notice shall be deemed to have been automatically given upon the occurrence of a Default or an Event of Default under
Section 11.05 or upon the exercise of any of the remedies provided in the last paragraph of Section 11), in which case one or more Borrowings of Revolving Loans constituting Base Rate Loans (each such Borrowing, a
“Mandatory Borrowing”) shall be made on the immediately succeeding Business Day by all Lenders pro rata based on each such Lender’s RL Percentage (determined before giving effect to any termination of the
Revolving Loan Commitments pursuant to the last paragraph of Section 11) and the proceeds thereof shall be applied directly by the Swingline Lender or the Administrative Agent, as the case may be, to repay the Swingline Lender or the
Administrative Agent, as the case may be, for such outstanding Swingline Loans or Agent Advances, as the case may be. Each Lender hereby irrevocably agrees to make Revolving Loans upon one (1) Business Day’s notice pursuant to each
Mandatory Borrowing in the amount and in the manner specified in the preceding sentence and on the date specified in writing by the Swingline Lender or the Administrative Agent, as the case may be, notwithstanding (i) the amount of the
Mandatory Borrowing may not comply with the Minimum Borrowing Amount otherwise required hereunder, (ii) whether any conditions specified in Section 7 are then satisfied, (iii) whether a Default or an Event of Default then
exists, (iv) the date of such Mandatory Borrowing, (v) the amount of the Borrowing Base at such time, and (vi) whether such Lender’s Revolving Loan Commitment has been terminated at such time. In the event that any Mandatory
Borrowing cannot for any reason be made on the date otherwise required above (including, without limitation, as a result of the commencement of a proceeding under the Bankruptcy Code with respect to the Borrower), then each Lender hereby agrees that
it shall forthwith purchase (as of the date the Mandatory Borrowing would otherwise have occurred, but adjusted for any payments received from the Borrower on or after such date and prior to such purchase) from the Swingline Lender or the
Administrative Agent, as the case may be, such participations in the outstanding Swingline Loans or Agent Advances, as the case may be, as shall be necessary to cause the Lenders to share in such Swingline Loans or Agent Advances, as the case may
be, ratably based upon their respective RL Percentages (determined before giving effect to any termination of the Revolving Loan Commitments pursuant to the last paragraph of Section 11); provided that (x) all interest
payable on the Swingline Loans or Agent Advances, as the case may be, shall be for the account of the Swingline Lender or the Administrative Agent, as the case may be, until the date as of which the respective participation is required to be
purchased and, to the extent attributable to the purchased participation, shall be payable to the participant from and after such date and (y) at the time any purchase of participations pursuant to this sentence is actually made, the purchasing
Lender shall be required to pay the Swingline Lender or the Administrative Agent, as the case may be, interest on the principal amount of participation purchased for each day from and including the day upon which the Mandatory Borrowing would
otherwise have occurred to but excluding the date of payment for such participation, at the overnight Federal Funds Rate for the first three (3) days and at the interest rate otherwise applicable to Revolving Loans maintained as Base Rate Loans
hereunder for each day thereafter. 
 (d) Notwithstanding anything to the contrary in Section 2.01(a) or
elsewhere in this Agreement, the Collateral Monitors shall have the right to establish Reserves in such amounts, and with respect to such matters, but subject to the limitations contained in the definition of “Reserves” herein, as the
Collateral Monitors in their Permitted Discretion shall deem necessary or appropriate, against the Borrowing Base (which Reserves shall reduce the then existing Borrowing Base in an amount equal to such Reserves). 

(e) (i) In the event that the Borrower is unable to comply with the Borrowing Base limitations set forth in
Section 2.01(a) or (ii) the Borrower is unable to satisfy the conditions precedent to the making of Revolving Loans set forth in Section 7, in either case, the Lenders, subject

  
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to the immediately succeeding proviso, hereby authorize the Administrative Agent, for the account of the Lenders, to make Revolving Loans to the Borrower, in either case solely in the event that
the Administrative Agent in its Permitted Discretion deems necessary or desirable (A) to preserve or protect the Collateral, or any portion thereof, (B) to enhance the likelihood of repayment of the Obligations, or (C) to pay any
other amount chargeable to the Borrower pursuant to the terms of this Agreement, including, without limitation, Expenses and Fees, which Revolving Loans may only be made as Base Rate Loans (each, an “Agent Advance”) for a period
commencing on the date the Administrative Agent first receives a Notice of Borrowing requesting an Agent Advance or otherwise makes an Agent Advance until the earliest of (x) the twentieth (20th) Business Day after such date, (y) the
date the Borrower is again able to comply with the Borrowing Base limitations and the conditions precedent to the making of Revolving Loans, or obtain an amendment or waiver with respect thereto and (z) the date the Required Lenders instruct
the Administrative Agent to cease making Agent Advances (in each case, the “Agent Advance Period”); provided that the Administrative Agent shall not make any Agent Advance to the extent that at the time of the making of such
Agent Advance, the amount of such Agent Advance (I) when added to the aggregate outstanding amount of all other Agent Advances made to the Borrower at such time, would exceed 10% of the Borrowing Base at such time (the “Agent Advance
Amount”) or (II) when added to the Aggregate Exposure as then in effect (immediately prior to the incurrence of such Agent Advance), would exceed the Total Revolving Loan Commitment at such time. Agent Advances may be made by the
Administrative Agent in its sole discretion and the Borrower shall have no right whatsoever to require that any Agent Advances be made. Agent Advances will be subject to periodic settlement with the Lenders pursuant to Section 2.01(c).

 (f) If the Initial Maturity Date shall have occurred at a time when Extended Revolving Loan Commitments are in
effect, then on the Initial Maturity Date all then outstanding Swingline Loans shall be repaid in full on such date (and there shall be no adjustment to the participations in such Swingline Loans as a result of the occurrence of such Initial
Maturity Date) or refinanced with a borrowing of an Extended Revolving Loan; provided that, if on the occurrence of the Initial Maturity Date (after giving effect to any repayments of Revolving Loans and any reallocation of Letter of Credit
participations as contemplated in Section 3.07), there shall exist sufficient unutilized Extended Revolving Loan Commitments so that the respective outstanding Swingline Loans could be incurred pursuant the Extended Revolving Loan
Commitments which will remain in effect after the occurrence of the Initial Maturity Date, then there shall be an automatic adjustment on such date of the participations in such Swingline Loans and same shall be deemed to have been incurred solely
pursuant to the Extended Revolving Loan Commitments and such Swingline Loans shall not be so required to be repaid in full on the Initial Maturity Date. 

2.02. Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Loans of a specific Type shall not be less
than the Minimum Borrowing Amount applicable thereto. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than ten (10) Borrowings of LIBOR Loans (or such greater number of Borrowings of LIBOR
Loans as may be agreed to from time to time by the Administrative Agent). 
 2.03. Notice of Borrowing. (a) Whenever the Borrower
desires to incur (x) LIBOR Loans hereunder (other than LIBOR Loans to be incurred on the Effective Date on same day notice to the extent permitted by succeeding sub-clause (y)), the Borrower shall give the Administrative Agent at the Notice
Office notice thereof, which notice must be received by the Administrative Agent prior to 11:00 A.M. (New York City time) at least three (3) Business Days’ prior to the requested date of Borrowing of each such LIBOR Loan to be incurred
hereunder, and (y) Base Rate Loans hereunder (including Agent Advances, but excluding Swingline Loans and Revolving Loans made pursuant to a Mandatory Borrowing) or LIBOR Loans hereunder on the Effective Date (but only to the extent each Lender

  
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hereunder on the Effective Date is able to make LIBOR Loans on the Effective Date on same-day notice), the Borrower shall give the Administrative Agent at the Notice Office notice thereof, which
notice must be received by the Administrative Agent prior to 1:00 P.M. (New York City time) on the Business Day of the requested date of Borrowing of each such Base Rate Loan or LIBOR Loan to be incurred hereunder. Each such notice (each, a
“Notice of Borrowing”), except as otherwise expressly provided in Section 2.10, shall be irrevocable and shall be in writing, or by telephone promptly confirmed in writing, in the form of Exhibit A-1,
appropriately completed to specify: (i) the aggregate principal amount of the Revolving Loans to be incurred pursuant to such Borrowing, (ii) the date of such Borrowing (which shall be a Business Day), (iii) whether the Revolving
Loans made pursuant to such Borrowing constitute Agent Advances (it being understood that the Administrative Agent shall be under no obligation to make such Agent Advance), (iv) whether the Revolving Loans being incurred pursuant to such
Borrowing are to be initially maintained as Base Rate Loans or, to the extent permitted hereunder, LIBOR Loans and, if LIBOR Loans, the initial Interest Period to be applicable thereto and (v) the Borrowing Base at such time. The Administrative
Agent shall promptly give each Lender notice of such proposed Borrowing, of such Lender’s proportionate share thereof and of the other matters required by the immediately preceding sentence to be specified in the Notice of Borrowing. 

(b) (i) Whenever the Borrower desires to incur Swingline Loans hereunder, the Borrower shall give the Swingline Lender no
later than 2:00 P.M. (New York City time) on the date that a Swingline Loan is to be incurred, written notice or telephonic notice promptly confirmed in writing of each Swingline Loan to be incurred hereunder. Each such notice shall be irrevocable
and specify in each case (A) the date of Borrowing (which shall be a Business Day) and (B) the aggregate principal amount of the Swingline Loans to be incurred pursuant to such Borrowing. 

(ii) Mandatory Borrowings shall be made upon the notice specified in Section 2.01(c), with the Borrower irrevocably
agreeing, by its incurrence of any Swingline Loan, to the making of the Mandatory Borrowings as set forth in Section 2.01(c). 

(c) Without in any way limiting the obligation of the Borrower to confirm in writing any telephonic notice of any
Borrowing or prepayment of Loans, the Administrative Agent or the Swingline Lender, as the case may be, may act without liability upon the basis of telephonic notice of such Borrowing or prepayment, as the case may be, believed by the Administrative
Agent or the Swingline Lender, as the case may be, in good faith to be from an Authorized Officer of the Borrower, prior to receipt of written confirmation. In each such case, the Borrower hereby waives the right to dispute the Administrative
Agent’s or the Swingline Lender’s record of the terms of such telephonic notice of such Borrowing or prepayment of Loans, as the case may be, absent manifest error. 

2.04. Disbursement of Funds. No later than 1:00 P.M. (New York City time) on the date specified in each Notice of Borrowing (or
(x) in the case of Revolving Loans that are Base Rate Loans that are to be made on same day notice or, in the case of LIBOR Loans made on the Effective Date on same day notice, no later than 4:00 P.M. (New York City time) on the date specified
pursuant to Section 2.03(a), (y) in the case of Swingline Loans, no later than 4:00 P.M. (New York City time) on the date specified pursuant to Section 2.03(b) or (z) in the case of Mandatory Borrowings, no later
than 1:00 P.M. (New York City time) on the date specified in Section 2.01(c)), each Lender will make available its pro rata portion (determined in accordance with Section 2.07) of each such Borrowing requested to be made on
such date (or in the case of Swingline Loans, the Swingline Lender will make available the full amount thereof). All such amounts will be made available in Dollars and in immediately available funds at the Payment Office, and the Administrative
Agent will make available to the Borrower at the Payment Office, or to such other account that the Borrower may specify in writing to the Administrative Agent at least one (1) Business Day prior to the requested Borrowing date, the aggregate of
the amounts so made available by the Lenders; provided that, if, on the date of a Borrowing 

  
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of Revolving Loans (other than a Mandatory Borrowing), there are Unpaid Drawings or Swingline Loans then outstanding, then the proceeds of such Borrowing shall be applied, first, to the
payment in full of any such Unpaid Drawings with respect to Letters of Credit, second, to the payment in full of any such Swingline Loans, and third, to the Borrower as otherwise provided above. Unless the Administrative Agent shall
have been notified by any Lender prior to the date of Borrowing that such Lender does not intend to make available to the Administrative Agent such Lender’s portion of any Borrowing to be made on such date, the Administrative Agent may assume
that such Lender has made such amount available to the Administrative Agent on such date of Borrowing and the Administrative Agent may (but shall not be obligated to), in reliance upon such assumption, make available to the Borrower a corresponding
amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender, the Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender. If such Lender does not pay
such corresponding amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent shall promptly notify the Borrower, and the Borrower shall promptly (but in any event within one (1) Business Day) pay such
corresponding amount to the Administrative Agent. The Administrative Agent also shall be entitled to recover on demand from such Lender or the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date
such corresponding amount was made available by the Administrative Agent to the Borrower until the date such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if recovered from such Lender, the
overnight Federal Funds Rate for the first three (3) days and at the interest rate otherwise applicable to such Loans for each day thereafter and (ii) if recovered from the Borrower, the rate of interest applicable to the respective
Borrowing, as determined pursuant to Section 2.08. Nothing in this Section 2.04 shall be deemed to relieve any Lender from its obligation to make Loans hereunder or to prejudice any rights which the Borrower may have against
any Lender as a result of any failure by such Lender to make Loans hereunder. 
 2.05. Notes. (a) The Borrower’s obligation
to pay the principal of, and interest on, the Loans made by each Lender shall be evidenced in the Register maintained by the Administrative Agent pursuant to Section 13.15 and shall, if requested by such Lender, also be evidenced
(i) in the case of Revolving Loans, by a promissory note duly executed and delivered by the Borrower substantially in the form of Exhibit B-1, with blanks appropriately completed in conformity herewith (each, a “Revolving
Note” and, collectively, the “Revolving Notes”), and (ii) in the case of Swingline Loans, by a promissory note duly executed and delivered by the Borrower substantially in the form of Exhibit B-2, with blanks
appropriately completed in conformity herewith (the “Swingline Note”). 
 (b) Each Lender will note on
its internal records the amount of each Loan made by it and each payment in respect thereof and prior to any transfer of any of its Notes will endorse on the reverse side thereof the outstanding principal amount of Loans evidenced thereby. Failure
to make any such notation or any error in such notation shall not affect the Borrower’s obligations in respect of such Loans. 

(c) Notwithstanding anything to the contrary contained above in this Section 2.05 or elsewhere in this Agreement,
Notes shall only be delivered to Lenders which at any time specifically request the delivery of such Notes. No failure of any Lender to request, obtain, maintain or produce a Note evidencing its Loans to the Borrower shall affect, or in any manner
impair, the obligations of the Borrower to pay the Loans (and all related Obligations) incurred by the Borrower which would otherwise be evidenced thereby in accordance with the requirements of this Agreement, and shall not in any way affect the
security or guaranties therefor provided pursuant to any Credit Document. Any Lender which does not have a Note evidencing its outstanding Loans shall in no event be required to make the notations otherwise described in preceding clause (b). At any
time when any Lender requests the delivery of a Note to evidence any of its Loans, the Borrower shall promptly execute and deliver to the respective Lender the requested Note in the appropriate amount or amounts to evidence such Loans. 

  
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 2.06. Conversions. The Borrower shall have the option to convert, on any Business Day, all
or a portion equal to at least the Minimum Borrowing Amount of the outstanding principal amount of Revolving Loans made pursuant to one or more Borrowings of one or more Types of Revolving Loans into a Borrowing of another Type of Revolving Loan;
provided that, (a) except as otherwise provided in Section 2.10(b), LIBOR Loans may be converted into Base Rate Loans only on the last day of an Interest Period applicable to the Revolving Loans being converted and no such
partial conversion of LIBOR Loans shall reduce the outstanding principal amount of such LIBOR Loans made pursuant to a single Borrowing to less than the Minimum Borrowing Amount applicable thereto, (b) unless the Required Lenders otherwise
agree, Base Rate Loans may only be converted into LIBOR Loans if no Default or Event of Default is in existence on the date of the conversion, and (c) no conversion pursuant to this Section 2.06 shall result in a greater number of
Borrowings of LIBOR Loans than is permitted under Section 2.02. Each such conversion shall be effected by the Borrower by giving the Administrative Agent at the Notice Office prior to 11:00 A.M. (New York City time) at least (i) in
the case of conversions of Base Rate Loans into LIBOR Loans, three (3) Business Days’ prior notice and (ii) in the case of conversions of LIBOR Loans into Base Rate Loans, one (1) Business Day’s prior notice (each, a
“Notice of Conversion/Continuation”), in each case in the form of Exhibit A-2, appropriately completed to specify the Revolving Loans to be so converted, the Borrowing or Borrowings pursuant to which such Revolving Loans were
incurred and, if to be converted into LIBOR Loans, the Interest Period to be initially applicable thereto. The Administrative Agent shall give each Lender prompt notice of any such proposed conversion affecting any of its Revolving Loans. 

2.07. Pro Rata Borrowings. All Borrowings of Revolving Loans under this Agreement shall be incurred from the Lenders pro
rata on the basis of their Revolving Loan Commitments; provided that all Mandatory Borrowings shall be incurred from the Lenders pro rata on the basis of their RL Percentages. It is understood that no Lender shall be
responsible for any default by any other Lender of its obligation to make Loans hereunder and that each Lender shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to make its Loans
hereunder. 
 2.08. Interest. (a) The Borrower agrees to pay interest in respect of the unpaid principal amount of each Base Rate
Loan from the date of Borrowing thereof until the earlier of (i) the maturity thereof (whether by acceleration or otherwise) and (ii) the conversion of such Base Rate Loan to a LIBOR Loan pursuant to Section 2.06 or
2.09, as applicable, at a rate per annum which shall be equal to the sum of the relevant Applicable Margin plus the Base Rate, each as in effect from time to time. 

(b) The Borrower agrees to pay interest in respect of the unpaid principal amount of each LIBOR Loan from the date of
Borrowing thereof until the earlier of (i) the maturity thereof (whether by acceleration or otherwise) and (ii) the conversion of such LIBOR Loan to a Base Rate Loan pursuant to Section 2.06, 2.09 or 2.10, as
applicable, at a rate per annum which shall, during each Interest Period applicable thereto, be equal to the sum of the relevant Applicable Margin as in effect from time to time during such Interest Period plus the LIBO Rate for such Interest
Period. 
 (c) (i) Upon the occurrence and during the continuance of an Event of Default, each Loan and all Letter of
Credit Fees shall, in each case, bear interest or accrue as applicable, at a rate per annum equal to the rate which is 2% in excess of the rate then borne by such Loans or the Letter of Credit Fee then applicable to Letters of Credit, and
(ii) all overdue amounts payable hereunder and under any other Credit Document shall bear interest at a rate per annum equal to the rate which is 2% in excess of the rate applicable to Base Rate Loans from time to time. Interest that accrues
under this Section 2.08(c) shall be payable on demand. 

  
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 (d) Accrued (and theretofore unpaid) interest shall be payable (i) in
respect of each Base Rate Loan, (x) quarterly in arrears on each Quarterly Payment Date, (y) on the date of any repayment or prepayment in full of all outstanding Base Rate Loans, and (z) at maturity (whether by acceleration or
otherwise) and, after such maturity, on demand, and (ii) in respect of each LIBOR Loan, (x) on the last day of each Interest Period applicable thereto and, in the case of an Interest Period in excess of three months, on each date occurring
at three month intervals after the first day of such Interest Period, and (y) on the date of any repayment or prepayment (on the amount repaid or prepaid), at maturity (whether by acceleration or otherwise) and, after such maturity, on demand.

 (e) Upon each Interest Determination Date, the Administrative Agent shall determine the LIBO Rate for each Interest Period
applicable to the respective LIBOR Loans and shall promptly notify the Borrower and the Lenders thereof. Each such determination shall, absent manifest error, be final and conclusive and binding on all parties hereto. 

2.09. Interest Periods. At the time the Borrower gives any Notice of Borrowing or Notice of Conversion/Continuation in respect of the
making of, or conversion into, any LIBOR Loan (in the case of the initial Interest Period applicable thereto) or prior to 11:00 A.M. (New York City time) on the third Business Day prior to the expiration of an Interest Period applicable to such
LIBOR Loan (in the case of any subsequent Interest Period), the Borrower shall have the right to elect the interest period (each, an “Interest Period”) applicable to such LIBOR Loan, which Interest Period shall, at the option of the
Borrower, be (x) a one (1), two (2), three (3) or six (6) month period, (y) to the extent agreed to by all Lenders, a nine (9) or 12 month period or (z) to the extent agreed to by all Lenders and the Administrative
Agent in their sole discretion, such other period of less than one month; provided that (in each case): 
 (a) all LIBOR Loans
comprising a Borrowing shall at all times have the same Interest Period; 
 (b) the initial Interest Period for any LIBOR Loan shall commence
on the date of Borrowing of such LIBOR Loan (including the date of any conversion thereto from a Base Rate Loan) and each Interest Period occurring thereafter in respect of such LIBOR Loan shall commence on the day on which the immediately preceding
Interest Period applicable thereto expires; 
 (c) if any Interest Period for a LIBOR Loan begins on a day for which there is no
numerically corresponding day in the calendar month at the end of such Interest Period, such Interest Period shall end on the last Business Day of such calendar month; 

(d) if any Interest Period for a LIBOR Loan would otherwise expire on a day which is not a Business Day, such Interest Period shall expire
on the next succeeding Business Day; provided, however, that if any Interest Period for a LIBOR Loan would otherwise expire on a day which is not a Business Day but is a day of the month after which no further Business Day occurs in
such month, such Interest Period shall expire on the immediately preceding Business Day; 
 (e) unless the Required Lenders otherwise
agree, no Interest Period may be selected at any time when a Default or an Event of Default is then in existence; and 
 (f) no Interest
Period in respect of any Borrowing shall be selected which extends beyond the Final Maturity Date. 

  
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 If by 11:00 A.M. (New York City time) on the third Business Day prior to the expiration of any
Interest Period applicable to a Borrowing of LIBOR Loans, the Borrower has failed to elect, or is not permitted to elect, a new Interest Period to be applicable to such LIBOR Loans as provided above, the Borrower shall be deemed to have elected to
convert such LIBOR Loans into Base Rate Loans effective as of the expiration date of such current Interest Period. 
 2.10. Increased
Costs, Illegality, etc. (a) In the event that any Lender shall have determined (which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto but, with respect to clause (i) below, may be
made only by the Administrative Agent): 
 (i) on any Interest Determination Date that, by reason of any changes arising
after the date of this Agreement affecting the London interbank market, adequate and fair means do not exist for ascertaining the applicable interest rate on the basis provided for in the definition of LIBO Rate; or 

(ii) at any time, that such Lender shall incur increased costs or reductions in the amounts received or receivable
hereunder with respect to any LIBOR Loan because of (A) any change since the Effective Date in any applicable law or governmental rule, regulation, order, guideline or request (whether or not having the force of law) or in the interpretation or
administration thereof and including the introduction of any new law or governmental rule, regulation, order, guideline or request, such as, but not limited to: (1) a change in the basis of taxation of payment to any Lender of the principal of
or interest on the Loans or the Notes or any other amounts payable hereunder (except for Taxes that are indemnified under Section 5.04 and Excluded Taxes) or (2) a change in official reserve requirements, but, in all events,
excluding reserves required under Regulation D to the extent included in the computation of the LIBO Rate and/or (B) other circumstances arising since the Effective Date affecting such Lender, the London interbank market or the position of such
Lender in such market (including that the LIBO Rate with respect to such LIBOR Loan does not adequately and fairly reflect the cost to such Lender of funding such LIBOR Loan); or 

(iii) at any time, that the making or continuance of any LIBOR Loan has been made (A) unlawful by any law or
governmental rule, regulation or order, (B) impossible by compliance by any Lender in good faith with any governmental request (whether or not having force of law) or (C) impracticable as a result of a contingency occurring after the
Effective Date which materially and adversely affects the London interbank market; 
 then, and in any such event, such Lender (or the Administrative Agent,
in the case of clause (i) above) shall promptly give notice (by telephone promptly confirmed in writing) to the Borrower and, except in the case of clause (i) above, to the Administrative Agent of such determination (which notice the
Administrative Agent shall promptly transmit to each of the other Lenders). Thereafter (x) in the case of clause (i) above, LIBOR Loans shall no longer be available until such time as the Administrative Agent notifies the Borrower and the
Lenders that the circumstances giving rise to such notice by the Administrative Agent no longer exist, and any Notice of Borrowing or Notice of Conversion/Continuation given by the Borrower with respect to LIBOR Loans which have not yet been
incurred (including by way of conversion) shall be deemed rescinded by the Borrower, (y) in the case of clause (ii) above, the Borrower agrees to pay to such Lender, upon such Lender’s written request therefor, such additional amounts
(in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender in its sole discretion shall determine) as shall be required to compensate such 

  
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 Lender for such increased costs or reductions in amounts received or receivable hereunder (a written notice as to
the additional amounts owed to such Lender, showing in reasonable detail the basis for the calculation thereof, submitted to the Borrower by such Lender shall, absent manifest error, be final and conclusive and binding on all the parties hereto) and
(z) in the case of clause (iii) above, the Borrower shall take one of the actions specified in Section 2.10(b) as promptly as possible and, in any event, within the time period required by law. 

(b) At any time that any LIBOR Loan is affected by the circumstances described in Section 2.10(a)(ii), the
Borrower may, and in the case of a LIBOR Loan affected by the circumstances described in Section 2.10(a)(iii), the Borrower shall, either (i) if the affected LIBOR Loan is then being made initially or pursuant to a conversion,
cancel such Borrowing by giving the Administrative Agent telephonic notice (confirmed in writing) on the same date that the Borrower was notified by the affected Lender or the Administrative Agent pursuant to Section 2.10(a)(ii) or
(iii) or (ii) if the affected LIBOR Loan is then outstanding, upon at least three (3) Business Days’ written notice to the Administrative Agent, require the affected Lender to convert such LIBOR Loan into a Base Rate Loan;
provided that, if more than one Lender is affected at any time, then all affected Lenders must be treated the same pursuant to this Section 2.10(b). 

(c) If any Lender determines that after the Effective Date the introduction of or any change in any applicable law or
governmental rule, regulation, order, guideline, directive or request (whether or not having the force of law) concerning capital adequacy, or any change in interpretation or administration thereof by the NAIC or any Governmental Authority, central
bank or comparable agency, will have the effect of increasing the amount of capital required or expected to be maintained by such Lender or any corporation controlling such Lender based on the existence of such Lender’s Revolving Loan
Commitment hereunder or its obligations hereunder, then the Borrower agrees to pay to such Lender, upon its written demand therefor, such additional amounts as shall be required to compensate such Lender or such other corporation for the increased
cost to such Lender or such other corporation or the reduction in the rate of return to such Lender or such other corporation as a result of such increase of capital. In determining such additional amounts, each Lender will act reasonably and in
good faith and will use averaging and attribution methods which are reasonable; provided that such Lender’s determination of compensation owing under this Section 2.10(c) shall, absent manifest error, be final and conclusive
and binding on all the parties hereto. Each Lender, upon determining that any additional amounts will be payable pursuant to this Section 2.10(c), will give prompt written notice thereof to the Borrower, which notice shall show in
reasonable detail the basis for calculation of such additional amounts. 
 (d) Notwithstanding anything herein to the
contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation thereof, and (y) all requests,
rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant
to Basel III, in each case shall be deemed to be a change after the Effective Date in a requirement of law or governmental rule, regulation or order, regardless of the date enacted, adopted, issued or implemented (including, without limitation, for
purposes of this Section 2.10 and Section 3.06). 
 2.11. Compensation. The Borrower agrees to compensate each
Lender, upon its written request (which request shall set forth in reasonable detail the basis for requesting such compensation), for all losses, expenses and liabilities (including, without limitation, any loss, expense or liability incurred by
reason of the liquidation or reemployment of deposits or other funds required by such Lender to fund its LIBOR Loans but excluding loss of anticipated profits) which such Lender may 

  
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 sustain: (a) if for any reason (other than a default by such Lender or the Administrative Agent) a Borrowing
of, or conversion from or into, LIBOR Loans does not occur on a date specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation (whether or not withdrawn by the Borrower or deemed withdrawn pursuant to
Section 2.10(a)); (b) if any prepayment or repayment (including any prepayment or repayment made pursuant to Section 5.01, Section 5.02 or as a result of an acceleration of the Loans pursuant to
Section 11) or conversion of any of its LIBOR Loans occurs on a date which is not the last day of an Interest Period with respect thereto; (c) if any prepayment of any of its LIBOR Loans is not made on any date specified in a notice
of prepayment given by the Borrower; or (d) as a consequence of (i) any other default by the Borrower to repay LIBOR Loans when required by the terms of this Agreement or any Note held by such Lender or (ii) any election made pursuant
to Section 2.10(b). 
 2.12. Change of Lending Office. Each Lender agrees that on the occurrence of any event giving rise
to the operation of Section 2.10(a)(ii) or (iii), Section 2.10(c), Section 3.06 or Section 5.04 with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts
(subject to overall policy considerations of such Lender) to designate another lending office for any Loans or Letters of Credit affected by such event; provided that such designation is made on such terms that such Lender and its lending
office suffer no economic, legal or regulatory disadvantage, with the object of avoiding the consequence of the event giving rise to the operation of such Section. Nothing in this Section 2.12 shall affect or postpone any of the
obligations of the Borrower or the right of any Lender provided in Sections 2.10, 3.06 and 5.04. 
 2.13. Replacement
of Lenders. (a) If any Lender becomes a Defaulting Lender, (b) upon the occurrence of any event giving rise to the operation of Section 2.10(a)(ii) or (iii), Section 2.10(c), Section 3.06 or
Section 5.04 with respect to any Lender which results in such Lender charging to the Borrower increased costs in excess of those being generally charged by the other Lenders, (c) in the case of a refusal by a Lender to consent to a
proposed change, waiver, discharge or termination with respect to this Agreement which has been approved by the Required Lenders as (and to the extent) provided in Section 13.12(b) or (iv) in the circumstances provided for in
Section 2.16(b), the Borrower shall have the right, in accordance with Section 13.04(b), if no Default or Event of Default then exists or would exist after giving effect to such replacement, to replace such Lender (the
“Replaced Lender”) with one or more other Eligible Transferees, none of whom shall constitute a Defaulting Lender at the time of such replacement (collectively, the “Replacement Lender”) and each of which shall be
reasonably acceptable to the Administrative Agent and each Issuing Lender; provided that: 
 (i) at the time of any
replacement pursuant to this Section 2.13, the Replacement Lender shall enter into one or more Assignment and Assumption Agreements pursuant to Section 13.04(b) (and with all fees payable pursuant to said
Section 13.04(b) to be paid by the Borrower) pursuant to which the Replacement Lender shall acquire the entire Revolving Loan Commitment and all outstanding Revolving Loans of, and all participations in Letters of Credit and Swingline
Loans by, the Replaced Lender and, in connection therewith, shall pay to (i) the Replaced Lender in respect thereof an amount equal to the sum of (A) an amount equal to the principal of, and all accrued interest on, all outstanding
Revolving Loans of the respective Replaced Lender, (B) an amount equal to all Unpaid Drawings that have been funded by (and not reimbursed to) such Replaced Lender, together with all then unpaid interest with respect thereto at such time and
(C) an amount equal to all accrued, but theretofore unpaid, Fees owing to the Replaced Lender pursuant to Section 4.01, (ii) each Issuing Lender an amount equal to such Replaced Lender’s RL Percentage of any Unpaid Drawing
relating to Letters of Credit issued by such Issuing Lender (which at such time remains an Unpaid Drawing) to the extent such amount was not theretofore funded by such Replaced Lender and (iii) the Swingline Lender an amount equal to such
Replaced Lender’s RL Percentage of any Mandatory Borrowing to the extent such amount was not theretofore funded by such Replaced Lender to the Swingline Lender; and 

  
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 (ii) all obligations of the Borrower then owing to the Replaced Lender
(other than those specifically described in clause (i) above in respect of which the assignment purchase price has been, or is concurrently being, paid, but including all amounts, if any, owing under Section 2.11) shall be paid in
full to such Replaced Lender concurrently with such replacement. 
 (c) Upon receipt by the Replaced Lender of all amounts
required to be paid to it pursuant to this Section 2.13, the Administrative Agent shall be entitled (but not obligated) and is authorized (which authorization is coupled with an interest) to execute an Assignment and Assumption Agreement
on behalf of such Replaced Lender, and any such Assignment and Assumption Agreement so executed by the Administrative Agent and the Replacement Lender shall be effective for purposes of this Section 2.13 and Section 13.04.
Upon the execution of the respective Assignment and Assumption Agreement, the payment of amounts referred to in clauses (i) and (ii) above, recordation of the assignment on the Register by the Administrative Agent pursuant to
Section 13.15 and, if so requested by the Replacement Lender, delivery to the Replacement Lender of the appropriate Note executed by the Borrower, (x) the Replacement Lender shall become a Lender hereunder and the Replaced Lender
shall cease to constitute a Lender hereunder, except with respect to indemnification provisions under this Agreement (including, without limitation, Sections 2.10, 2.11, 3.06, 5.04, 12.06, 13.01 and
13.06), which shall survive as to such Replaced Lender and (y) the RL Percentages of the Lenders shall be automatically adjusted at such time to give effect to such replacement. 

2.14. Incremental Commitments. (a) The Borrower shall have the right, in consultation and coordination with the Administrative
Agent as to all of the matters set forth below in this Section 2.14, but without requiring the consent of the Administrative Agent or the Lenders (except, in either case, as otherwise provided in this Section 2.14), to
request at any time and from time to time after the Effective Date and prior to the Final Maturity Date that one or more Lenders (and/or one or more other Persons which are Eligible Transferees and which will become Lenders) provide Incremental
Commitments and, subject to the applicable terms and conditions contained in this Agreement and the relevant Incremental Commitment Agreement, make Revolving Loans and participate in Letters of Credit and Swingline Loans pursuant thereto;
provided that (i) no Lender shall be obligated to provide an Incremental Commitment, and until such time, if any, as such Lender has agreed in its sole discretion to provide an Incremental Commitment and executed and delivered to the
Administrative Agent and the Borrower an Incremental Commitment Agreement as provided in clause (b) of this Section 2.14, such Lender shall not be obligated to fund any Revolving Loans in excess of its Revolving Loan Commitment (if
any) or participate in any Letters of Credit or Swingline Loans in excess of its RL Percentage, in each case, as in effect prior to giving effect to such Incremental Commitment provided pursuant to this Section 2.14; provided that
the Lenders shall have at least 10 Business Days following the Borrower’s request for Incremental Commitments to decide whether or not to provide any such Incremental Commitments (and, to the extent that any Lender fails to respond within such
10 Business Day period, such Lender shall be deemed to have rejected to provide an Incremental Commitment), (ii) any Lender (including any Person which is an Eligible Transferee who will become a Lender) may so provide an Incremental Commitment
without the consent of the Administrative Agent or any other Lender; provided that any Person that is not a Lender prior to the effectiveness of its Incremental Commitment shall require the consent of the Administrative Agent, each Issuing
Lender and the Swingline Lender (which consents shall not be unreasonably withheld) to provide an Incremental Commitment pursuant to this Section 2.14, (iii) the aggregate amount of each request (and provision therefor) for
Incremental Commitments shall be in a 

  
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 minimum aggregate amount for all Lenders which provide an Incremental Commitment pursuant to a given Incremental
Commitment Agreement pursuant to this Section 2.14 (including Persons who are Eligible Transferees and will become Lenders) of at least $25,000,000 (or such lesser amount that is acceptable to the Administrative Agent), (iv) the
aggregate amount of all Incremental Commitments permitted to be provided pursuant to this Section 2.14 shall not exceed in the aggregate $200,000,000, (v) the Borrower shall not increase the Total Revolving Loan Commitment pursuant
to this Section 2.14 more than five times, (vi) if the Applicable Margins with respect to Revolving Loans to be incurred pursuant to an Incremental Commitment shall be higher in any respect than those applicable to any other
Revolving Loans, the Applicable Margins for the other Revolving Loans and extension of credit hereunder shall be automatically increased as and to the extent needed to eliminate any deficiencies in accordance with the definition of “Applicable
Margin” contained herein (such increase, the “Additional Margin”), (vii) all Revolving Loans incurred pursuant to an Incremental Commitment (and all interest, fees and other amounts payable thereon) shall be Obligations
under this Agreement and the other applicable Credit Documents and shall be secured by the relevant Security Documents, and guaranteed under the relevant Guaranties, on a pari passu basis will all other Loans (and related Obligations)
secured by each relevant Security Document and guaranteed under each relevant Guaranty, and (viii) each Lender (including any Person which is an Eligible Transferee who will become a Lender) agreeing to provide an Incremental Commitment
pursuant to an Incremental Commitment Agreement shall, subject to the satisfaction of the relevant conditions set forth in this Agreement, participate in Swingline Loans and Letters of Credit pursuant to Sections 2.01(b) and 3.04,
respectively, and make Revolving Loans as provided in Section 2.01(a) and such Revolving Loans shall constitute Revolving Loans for all purposes of this Agreement and the other applicable Credit Documents. 

(b) At the time of the provision of Incremental Commitments pursuant to this Section 2.14, (I) Holdings, the
Borrower, each Subsidiary Guarantor, the Administrative Agent, the Swingline Lender and each Issuing Lender (if the consent of the Swingline Lender and each Issuing Lender are required pursuant to Section 2.14(a)(ii)) and each such
Lender or other Eligible Transferee which agrees to provide an Incremental Commitment (each, an “Incremental Lender”) shall execute and deliver to the Borrower and the Administrative Agent an Incremental Commitment Agreement,
appropriately completed (with the effectiveness of the Incremental Commitment provided therein to occur on the date set forth in such Incremental Commitment Agreement, which date in any event shall be no earlier than the date on which (i) all
fees required to be paid in connection therewith at the time of such effectiveness shall have been paid, (ii) all Incremental Commitment Requirements have been satisfied, (iii) all conditions set forth in this Section 2.14
shall have been satisfied and (iv) all other conditions precedent that may be set forth in such Incremental Commitment Agreement shall have been satisfied) and (II) Holdings, the Borrower, each Subsidiary Guarantor, the Collateral Agent and
each Incremental Lender (as applicable) shall execute and deliver to the Administrative Agent and the Collateral Agent such additional Security Documents and/or amendments to the Security Documents which are necessary to ensure that all Loans
incurred pursuant to the Incremental Commitments and any Additional Margin are secured by each relevant Security Document (the “Incremental Security Documents”). The Administrative Agent shall promptly notify each Lender as to the
effectiveness of each Incremental Commitment Agreement and, at such time, Schedule 1.01(a) shall be deemed modified to reflect the Incremental Commitments of such Incremental Lenders. 

(c) It is understood and agreed that the Incremental Commitments provided by an Incremental Lender or Incremental Lenders, as
the case may be, pursuant to each Incremental Commitment Agreement shall constitute part of, and be added to, the Total Revolving Loan Commitment and each Incremental Lender shall constitute a Lender for all purposes of this Agreement and each other
applicable Credit Document. 

  
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 (d) At the time of any provision of Incremental Commitments pursuant to this
Section 2.14, the Borrower shall, in coordination with the Administrative Agent, repay outstanding Revolving Loans of certain of the Lenders, and incur additional Revolving Loans from certain other Lenders (including the Incremental
Lenders), in each case to the extent necessary so that all of the Lenders participate in each outstanding Borrowing of Revolving Loans pro rata on the basis of their respective Revolving Loan Commitments (after giving effect to any
increase in the Total Revolving Loan Commitment pursuant to this Section 2.14) and with the Borrower being obligated to pay to the respective Lenders any costs of the type referred to in Section 2.11 in connection with any
such repayment and/or Borrowing. 
 (e) At the time of any provision of Incremental Commitments pursuant to this
Section 2.14, all dollar thresholds included in any determination made with respect to Excess Availability shall be increased automatically in an amount equal to the percentage by which the Incremental Commitments increase the Total
Revolving Loan Commitments. 
 2.15. Defaulting Lenders. (a) Notwithstanding any provision of this Agreement or in the other
Credit Documents to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender and if any Swingline Loan Exposure or Letter of Credit Exposure exists at the
time a Lender becomes a Defaulting Lender then: 
 (i) all or any part of such Swingline Loan Exposure and Letter of Credit
Exposure shall be reallocated among the Lenders that are Non-Defaulting Lenders in accordance with their respective RL Percentages (calculated without regard to any Defaulting Lender’s Revolving Loan Commitment) but only to the extent
(x) no Default or Event of Default shall have occurred and then be continuing, (y) the sum of the Individual Exposures of all Lenders that are Non-Defaulting Lenders plus such Defaulting Lender’s Swingline Loan Exposure and Letter of
Credit Exposure does not exceed the aggregate amount of all Non-Defaulting Lenders’ Revolving Loan Commitments and (z) immediately following the reallocation to a Lender that is a Non-Defaulting Lender, the Individual Exposure of such
Lender does not exceed its Revolving Loan Commitment at such time; 
 (ii) if the reallocation described in clause
(i) above cannot, or can only partially, be effected, the Borrower shall within one (1) Business Day following notice by the Administrative Agent (x) first, prepay such Swingline Loan Exposure and (y) second, cash collateralize
in a manner reasonably satisfactory to the Administrative Agent and each applicable Issuing Lender such Defaulting Lender’s Letter of Credit Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in an
aggregate amount equal to 100% of such Defaulting Lender’s Letter of Credit Exposure for so long as such Letter of Credit Exposure is outstanding (the “Letter of Credit Back-Stop Arrangements”); 

(iii) if any portion of such Defaulting Lender’s Letter of Credit Exposure is cash collateralized pursuant to clause
(ii) above, the Borrower shall not be required to pay the Letter of Credit Fees for participation with respect to such portion of such Defaulting Lender’s Letter of Credit Exposure so long as it is cash collateralized; 

(iv) if the Letter of Credit Exposure of the Non-Defaulting Lenders is reallocated pursuant to this
Section 2.15(a), then the Letter of Credit Fees payable to the Lenders pursuant to Section 4.01(b) shall be adjusted in accordance with such Non-Defaulting Lenders’ RL Percentages (calculated without regard to any
Defaulting Lender’s Revolving Loan Commitment) and the Defaulting Lender shall not be entitled to any Letter of Credit Fee; and 

  
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 (v) if any Defaulting Lender’s Letter of Credit Exposure is neither cash
collateralized nor reallocated pursuant to this Section 2.15(a), then, without prejudice to any rights or remedies of any Issuing Lender or any Lender hereunder, all Letter of Credit Fees payable under Section 4.01(b) with
respect to such Defaulting Lender’s Letter of Credit Exposure shall be payable to the applicable Issuing Lender until such Letter of Credit Exposure is cash collateralized and/or reallocated. 

(b) Notwithstanding anything to the contrary contained in Section 2.01(a) or Section 3, so long as any
Lender is a Defaulting Lender (i) the Swingline Lender shall not fund any Swingline Loan and no Issuing Lender shall issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure will be 100% covered by the
Revolving Loan Commitments of the Non-Defaulting Lenders and/or cash collateral has been provided by the Borrower in accordance with Section 2.15(a), and (ii) participating interests in any such newly issued or increased Letter of
Credit or newly made Swingline Loan shall be allocated among Lenders that are Non-Defaulting Lenders in a manner consistent with Section 2.15(a)(i) (and Defaulting Lenders shall not participate therein). 

(c) Notwithstanding anything to the contrary contained herein or in Section 7.4 of the Security Agreement, any amount
payable to a Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise and including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 13.02) may, in lieu of
being distributed to such Defaulting Lender, be retained by the Administrative Agent in a segregated non-interest bearing account and, subject to any requirements of applicable law, be applied at such time or times as may be determined by the
Administrative Agent (i) first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder, (ii) second, pro rata, to the payment of any amounts owing by such Defaulting
Lender to the Issuing Lenders or the Swingline Lender hereunder, (iii) third, to the funding of any Loan or the funding or cash collateralization of any participation in any Swingline Loan or Letter of Credit in respect of which such
Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent, (iv) fourth, if so determined by the Administrative Agent, held in such account as cash collateral for
future funding obligations of the Defaulting Lender under this Agreement, (v) fifth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against such
Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement, (vi) sixth, so long as no Default or Event of Default has occurred and is continuing, to the payment of any amounts owing to
the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement, and
(vii) seventh, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if such payment is (x) a prepayment of the principal amount of any Loans or repayments of Unpaid Drawings
in respect of which a Defaulting Lender has funded its participation obligations and (y) made at a time when the conditions set forth in Section 7 are satisfied or waived, such payment shall be applied solely to prepay the Loans of,
and reimbursement obligations owed to, all Non-Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or Unpaid Drawings owed to, any Defaulting Lender. Any payments, prepayments or other amounts paid or
payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this clause (c) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender
irrevocably consents hereto. 
 (d) In the event that the Administrative Agent, the Borrower, each Issuing Lender and the
Swingline Lender each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then (i) the Swingline Loan Exposure and Letter of Credit Exposure of the Lenders shall be readjusted
to reflect the inclusion of such Lender’s 

  
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Revolving Loan Commitments and on such date such Lender shall purchase at par such of the Revolving Loans of the other Lenders (other than Swingline Loans) as the Administrative Agent shall
determine may be necessary in order for such Lender to hold such Revolving Loans in accordance with its RL Percentage and (ii) so long as no Default or Event of Default then exists, all funds held as cash collateral pursuant to the Letter of
Credit Back-Stop Arrangements shall thereafter be promptly returned to the Borrower. If the Revolving Loan Commitments have been terminated, all Obligations have been paid in full and no Letters of Credit are outstanding, then all funds held as cash
collateral pursuant to the Letter of Credit Back-Stop Arrangements shall thereafter be promptly returned to the Borrower. 

2.16. Extension of Revolving Loan Commitments. (a) Notwithstanding anything to the contrary in this Agreement,
subject to the terms of this Section 2.16, the Borrower may extend the maturity date, and otherwise modify the terms of the Total Revolving Loan Commitment, or any portion thereof (including by increasing the interest rate or fees
payable in respect of any Loans and/or Revolving Loan Commitments or any portion thereof (and related outstandings) (the “Extension”) pursuant to a written offer (the “Extension Offer”) made by the Borrower to all
Lenders, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective outstanding Revolving Loans and unfunded Revolving Loan Commitments) and on the same terms to each such Lender. In
connection with the Extension, (i) the Borrower will provide notification to the Administrative Agent (for distribution to the Lenders) and (ii) each Lender, acting in its sole and individual discretion, wishing to participate in the
Extension shall, prior to the date (the “Notice Date”) that is 20 days after delivery of notice by the Administrative Agent to such Lender, provide the Administrative Agent with a written notice thereof in a form reasonably
satisfactory to the Administrative Agent. Any Lender that does not respond to the Extension Offer by the Notice Date shall be deemed to have rejected such Extension. The Administrative Agent shall promptly notify the Borrower of each Lender’s
determination under this Section 2.16(a). The election of any Lender to agree to the Extension shall not obligate any other Lender to so agree. After giving effect to the Extension, the Revolving Loan Commitments so extended shall cease
to be a part of the tranche of the Revolving Loan Commitments they were a part of immediately prior to the Extension and shall be a new tranche of Extended Revolving Loan Commitments hereunder. 

(b) The Borrower shall have the right to replace each Lender that shall have rejected (or be deemed to have rejected) the
Extension under Section 2.16(a) with, and add as “Lenders” under this Agreement in place thereof, one or more Replacement Lenders as provided in Section 2.13; provided that each of such Replacement Lenders
shall enter into an Assignment and Assumption Agreement pursuant to which such Replacement Lender shall, effective as of a closing date selected by the Administrative Agent in consultation with the Borrower (which shall occur no later than 30 days
following the Notice Date and shall occur on the same date as the effectiveness of the Extension as to the Lenders which have consented thereto pursuant to Section 2.16(a)), undertake the Revolving Loan Commitment of such Replaced Lender
(and, if any such Replacement Lender is already a Lender, its Revolving Loan Commitment shall be in addition to such Lender’s Revolving Loan Commitment hereunder on such date). 

(c) The Extension shall be subject to the following: 

(i) except as to interest rates, utilization fees, unused fees and final maturity, the Revolving Loan Commitment of any Lender
extended pursuant to the Extension (the “Extended Revolving Loan Commitment”), and the related outstandings, shall be a Revolving Loan Commitment (or related outstandings, as the case may be) with the same terms as the original
Revolving Loan Commitments (and related outstandings); provided that, subject to the provisions of Sections 3.07 and 2.01(f) to the extent dealing with Swingline Loans and Letters of

  
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Credit which mature or expire after the Initial Maturity Date, all Swingline Loans and Letters of Credit shall be participated in on a pro rata basis by all Lenders with Revolving
Loan Commitments and/or Extended Revolving Loan Commitments in accordance with their RL Percentages (and except as provided in Sections 3.07 and 2.01(f), without giving effect to changes thereto on the Initial Maturity Date with
respect to Swingline Loans and Letters of Credit theretofore incurred or issued) and all borrowings under Revolving Loan Commitments and Extended Revolving Loan Commitments and repayments thereunder shall be made on a pro rata basis (except for
(x) payments of interest and fees at different rates on Extended Revolving Loan Commitments (and related outstandings) and (y) repayments required upon any Final Maturity Date of any tranche of Revolving Loan Commitments or Extended
Revolving Loan Commitments); 
 (ii) if the aggregate principal amount of Revolving Loan Commitments in respect of which
Lenders shall have accepted the Extension Offer shall exceed the maximum aggregate principal amount of Revolving Loan Commitments offered to be extended by the Borrower pursuant to the Extension Offer, then the Revolving Loan Commitments of such
Lenders shall be extended ratably up to such maximum amount based on the respective principal amounts (but not to exceed actual holdings of record) with respect to which such Lenders have accepted the Extension Offer; 

(iii) all documentation in respect of the Extension shall be consistent with the foregoing, and all written communications
by the Borrower generally directed to the Lenders in connection therewith shall be in form consistent with the foregoing and otherwise reasonably satisfactory to the Administrative Agent; and 

(iv) the Extension shall not become effective unless, on the proposed effective date of the Extension, (x) the
Borrower shall deliver to the Administrative Agent a certificate of an Authorized Officer of each Credit Party dated the applicable date of the Extension and executed by an Authorized Officer of such Credit Party certifying and attaching the
resolutions adopted by such Credit Party approving or consenting to such Extension and (y) the conditions set forth in Sections 7.01 and 7.03 shall be satisfied (with all references in such Section to any Credit Event being deemed
to be references to the Extension on the applicable date of the Extension) and the Administrative Agent shall have received a certificate to that effect dated the applicable date of the Extension and executed by an Authorized Officer of the
Borrower. 
 (d) With respect to the Extension consummated by the Borrower pursuant to this Section 2.16,
(i) the Extension shall not constitute voluntary or mandatory payments or prepayments for purposes of Section 5.01, 5.02, 5.03, 13.02 or 13.06, (ii) if the amount extended is less than the Maximum
Letter of Credit Amount, the Maximum Letter of Credit Amount shall be reduced upon the date that is five (5) Business Days prior to the Initial Maturity Date (to the extent needed so that the Maximum Letter of Credit Amount does not exceed the
aggregate Revolving Loan Commitments which would be in effect after the Initial Maturity Date), and, if applicable, the Borrower shall cash collateralize obligations under any issued Letters of Credit in an amount equal to 105% of the Stated Amount
of such Letters of Credit, and (iii) if the amount extended is less than the Maximum Swingline Amount, the Maximum Swingline Amount shall be reduced upon the date that is five (5) Business Days prior to the Initial Maturity Date (to the
extent needed so that the Maximum Swingline Amount does not exceed the aggregate Revolving Loan Commitments which would be in effect after the Initial Maturity Date), and, if applicable, the Borrower shall prepay any outstanding Swingline Loans. The
Administrative Agent and the Lenders hereby consent to the Extensions and the other transactions contemplated by this Section 2.16 (including, for the avoidance of doubt, payment of any interest or fees in respect of any Extended
Revolving Loan Commitments on such terms as may be set forth in the 

  
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Extension Offer) and hereby waive the requirements of any provision of this Agreement (including Section 5.01, 5.02, 5.03, 13.02 or 13.06) or any other
Credit Document that may otherwise prohibit the Extension or any other transaction contemplated by this Section 2.16; provided that such consent shall not be deemed to be an acceptance of the Extension Offer. 

(e) The Lenders hereby irrevocably authorize the Administrative Agent on behalf of all of the Lenders to enter into amendments
to this Agreement and the other Credit Documents with the Credit Parties as may be necessary in order establish new tranches in respect of Revolving Loan Commitments so extended and such amendments as may be necessary in connection with the
establishment of such new tranches, in each case on terms consistent with this Section 2.16 and without any requirement of additional consent by any Lender. Without limiting the foregoing, in connection with the Extension, the respective
parties shall (at the expense of the Credit Parties) amend (and the Administrative Agent is hereby authorized to amend) any Credit Document (including any Mortgage) that has a maturity date prior to the Extended Final Maturity Date so that such
maturity date is extended to the Extended Final Maturity Date (or such later date as may be advised by local counsel to the Administrative Agent). 

(f) In connection with the Extension, the Borrower shall provide the Administrative Agent at least five (5) Business
Days’ (or such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and shall agree to such procedures, if any, as may be reasonably established by, or reasonably acceptable to, the Administrative Agent, in
each case acting reasonably to accomplish the purposes of this Section 2.16. 
 SECTION 3. Letters of Credit. 

3.01. Letters of Credit. (a) (A) Subject to and upon the terms and conditions set forth herein, the Borrower may request that
an Issuing Lender issue, at any time and from time to time on and after the Effective Date and prior to the 30th day prior to the Final Maturity Date, for the account of the Borrower and for the benefit of (x) any holder (or any trustee, agent
or other similar representative for any such holders) of L/C Supportable Obligations, an irrevocable standby letter of credit, in a form customarily used by such Issuing Lender or in such other form as is reasonably acceptable to such Issuing
Lender, and (y) sellers of goods to the Borrower or any of its Restricted Subsidiaries, an irrevocable trade letter of credit, in a form customarily used by such Issuing Lender or in such other form as has been approved by such Issuing Lender
(each such letter of credit, a “Letter of Credit” and, collectively, the “Letters of Credit”). All Letters of Credit shall be issued on a sight basis only. 

(B) Schedule 3.01(a) contains a description of letters of credit that were issued pursuant to the Existing Credit Agreements and which
remain outstanding on the Effective Date (and setting forth, with respect to each such letter of credit, (i) the name of the issuing lender, (ii) the letter of credit number, (iii) the name(s) of the account party or account parties,
(iv) the stated amount, (v) the currency in which the letter of credit is denominated, (vi) the name of the beneficiary, (vii) the expiry date and (viii) whether such letter of credit constitutes a standby letter of credit
or a trade letter of credit). Each such letter of credit, including any extension or renewal thereof in accordance with the terms thereof and hereof (each, as amended from time to time in accordance with the terms thereof and hereof, an
“Existing Letter of Credit”) shall constitute a “Letter of Credit” for all purposes of this Agreement and shall be deemed issued on the Effective Date and such deemed issuance shall not be subject to the limitations set
forth in clauses (i) and (ii) of Section 3.01(b). Each Existing Letter of Credit shall be deemed to have been issued for the account of the Borrower. 

  
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 (b) Subject to and upon the terms and conditions set forth herein, each Issuing
Lender agrees that it will, at any time and from time to time on and after the Effective Date and prior to the 30th day prior to the Final Maturity Date, following its receipt of the respective Letter of Credit Request, issue for the account of the
Borrower, one or more Letters of Credit as are permitted to remain outstanding hereunder without giving rise to a Default or an Event of Default; provided that no Issuing Lender shall be under any obligation to issue any Letter of Credit of
the types described above if at the time of such issuance: 
 (i) any order, judgment or decree of any Governmental
Authority or arbitrator shall purport by its terms to enjoin or restrain such Issuing Lender from issuing such Letter of Credit or any requirement of law applicable to such Issuing Lender or any request or directive (whether or not having the force
of law) from any Governmental Authority with jurisdiction over such Issuing Lender shall prohibit, or request that such Issuing Lender refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose
upon such Issuing Lender with respect to such Letter of Credit any restriction or reserve or capital requirement (for which such Issuing Lender is not otherwise compensated hereunder) not in effect with respect to such Issuing Lender on the date
hereof, or any unreimbursed loss, cost or expense which was not applicable or in effect with respect to such Issuing Lender as of the date hereof and which such Issuing Lender reasonably and in good faith deems material to it; or 

(ii) such Issuing Lender shall have received from the Borrower, any other Credit Party or the Required Lenders prior to
the issuance of such Letter of Credit notice of the type described in the second sentence of Section 3.03(b). 
 3.02. Maximum
Letter of Credit Outstandings; Final Maturities. Notwithstanding anything to the contrary contained in this Agreement, (a) no Letter of Credit shall be issued (or required to be issued) if the Stated Amount of such Letter of Credit, when
added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date of, and prior to the issuance of, the respective Letter of Credit) at such time would exceed (i) on the Effective Date (including each
Existing Letter of Credit deemed issued on the Effective Date), the lesser of (A) difference between (x) $440,000,000 and (y) the aggregate principal amount of Loans made on the Effective Date and (B) $250,000,000 and
(ii) thereafter, $250,000,000; provided that in the event that an Incremental Commitment is made available to the Borrower, a portion of such Incremental Commitment may be made available for the issuance of Letters of Credit in an amount
not exceeding 35% of such Incremental Commitment (the “Maximum Letter of Credit Amount”), (b) no Letter of Credit shall be issued (or required to be issued) at any time when the Aggregate Exposure exceeds (or would after giving
effect to such issuance exceed) either (i) the Total Revolving Loan Commitment at such time or (ii) the Borrowing Base at such time, (c) each Letter of Credit shall be denominated in Dollars, (d) each standby Letter of Credit
shall by its terms terminate on or before the earlier of (i) the date which occurs 12 months after the date of the issuance thereof (although any such standby Letter of Credit may be extendible for successive periods of up to 12 months, but, in
each case, not beyond the fifth Business Day prior to the Final Maturity Date, on terms acceptable to the Issuing Lender)) and (ii) five (5) Business Days prior to the Final Maturity Date and (e) each trade Letter of Credit shall by
its terms terminate on or before the earlier of (i) the date which occurs 180 days after the date of issuance thereof and (ii) 30 days prior to the Final Maturity Date. 

3.03. Letter of Credit Requests; Minimum Stated Amount. (a) Other than the Letters of Credit deemed to be issued on the Effective
Date pursuant to Section 3.01(a), whenever the Borrower desires that a Letter of Credit be issued for its account, the Borrower shall give the Administrative Agent and the respective Issuing Lender at least five (5) Business Days’ (or
such shorter period as is acceptable to such Issuing Lender) written notice thereof (including by way of facsimile). Each notice shall be in the form of Exhibit C, appropriately completed (each, a “Letter of Credit Request”).

  
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 (b) The making of each Letter of Credit Request shall be deemed to be a
representation and warranty by the Borrower to the Lenders that such Letter of Credit may be issued in accordance with, and will not violate the requirements of, Section 3.02. Unless the respective Issuing Lender has received notice from
the Borrower, any other Credit Party or the Required Lenders before it issues a Letter of Credit that one or more of the conditions specified in Section 6 or 7 are not then satisfied, or that the issuance of such Letter of Credit
would violate Section 3.02, then such Issuing Lender shall, subject to the terms and conditions of this Agreement, issue the requested Letter of Credit for the account of the Borrower in accordance with such Issuing Lender’s usual
and customary practices. Upon the issuance of or modification or amendment to any standby Letter of Credit, each Issuing Lender shall promptly notify the Borrower and the Administrative Agent, in writing of such issuance, modification or amendment
and such notice shall be accompanied by a copy of such Letter of Credit or the respective modification or amendment thereto, as the case may be. Promptly after receipt of such notice the Administrative Agent shall notify the Participants, in
writing, of such issuance, modification or amendment. On the first Business Day of each week, each Issuing Lender shall furnish the Administrative Agent with a written (including via facsimile) report of the daily aggregate outstandings of trade
Letters of Credit issued by such Issuing Lender for the immediately preceding week. 
 (c) The initial Stated Amount of each
Letter of Credit shall not be less than $50,000 or such lesser amount as is acceptable to the respective Issuing Lender. 
 3.04. Letter
of Credit Participations. (a) Immediately upon the issuance by an Issuing Lender of any Letter of Credit, such Issuing Lender shall be deemed to have sold and transferred to each Lender, and each such Lender (in its capacity under this
Section 3.04, a “Participant”) shall be deemed irrevocably and unconditionally to have purchased and received from such Issuing Lender, without recourse or warranty, an undivided interest and participation, to the extent
of such Participant’s RL Percentage, in such Letter of Credit, each drawing or payment made thereunder and the obligations of the Borrower under this Agreement with respect thereto, and any security therefor or guaranty pertaining thereto. Upon
any change in the Revolving Loan Commitments or RL Percentages of the Lenders pursuant to Section 2.13, 2.14, 2.15 or 13.04(b), it is hereby agreed that, with respect to all outstanding Letters of Credit and Unpaid
Drawings relating thereto, there shall be an automatic adjustment to the participations pursuant to this Section 3.04 to reflect the new RL Percentages of the assignor and assignee Lender, as the case may be. 

(b) In determining whether to pay under any Letter of Credit, no Issuing Lender shall have any obligation relative to the other
Lenders other than to confirm that any documents required to be delivered under such Letter of Credit appear to have been delivered and that they appear to substantially comply on their face with the requirements of such Letter of Credit. Any action
taken or omitted to be taken by an Issuing Lender under or in connection with any Letter of Credit issued by it shall not create for such Issuing Lender any resulting liability to the Borrower, any other Credit Party, any Lender or any other Person
unless such action is taken or omitted to be taken with gross negligence or willful misconduct on the part of such Issuing Lender (as determined by a court of competent jurisdiction in a final and non-appealable decision). 

(c) In the event that an Issuing Lender makes any payment under any Letter of Credit issued by it and the Borrower shall not
have reimbursed such amount in full to such Issuing Lender pursuant to Section 3.05(a), such Issuing Lender shall promptly notify the Administrative Agent, which shall promptly notify each Participant of such failure, and each
Participant shall promptly and unconditionally pay to such Issuing Lender the amount of such Participant’s RL Percentage of such unreimbursed payment in Dollars and in same day funds. If the Administrative Agent so notifies, prior to 12:00 Noon
(New York City time) on any Business Day, any Participant 

  
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required to fund a payment under a Letter of Credit, such Participant shall make available to the respective Issuing Lender in Dollars such Participant’s Percentage of the amount of such
payment on such Business Day in same day funds. If and to the extent such Participant shall not have so made its RL Percentage of the amount of such payment available to the respective Issuing Lender, such Participant agrees to pay to such Issuing
Lender, forthwith on demand such amount, together with interest thereon, for each day from such date until the date such amount is paid to such Issuing Lender at the overnight Federal Funds Rate for the first three (3) days and at the interest
rate applicable to Loans that are maintained as Base Rate Loans for each day thereafter. The failure of any Participant to make available to an Issuing Lender its RL Percentage of any payment under any Letter of Credit issued by such Issuing Lender
shall not relieve any other Participant of its obligation hereunder to make available to such Issuing Lender its RL Percentage of any payment under any Letter of Credit on the date required, as specified above, but no Participant shall be
responsible for the failure of any other Participant to make available to such Issuing Lender such other Participant’s RL Percentage of any such payment. 

(d) Whenever an Issuing Lender receives a payment of a reimbursement obligation as to which it has received any payments from
the Participants pursuant to clause (c) above, such Issuing Lender shall pay to each such Participant which has paid its RL Percentage thereof, in Dollars and in same day funds, an amount equal to such Participant’s share (based upon the
proportionate aggregate amount originally funded by such Participant to the aggregate amount funded by all Participants) of the principal amount of such reimbursement obligation and interest thereon accruing after the purchase of the respective
participations. 
 (e) Upon the request of any Participant, each Issuing Lender shall furnish to such Participant copies of
any standby Letter of Credit issued by it and such other documentation as may reasonably be requested by such Participant. 

(f) The obligations of the Participants to make payments to each Issuing Lender with respect to Letters of Credit shall be
irrevocable and not subject to any qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement under all circumstances, including, without limitation, any of the following circumstances: 

(i) any lack of validity or enforceability of this Agreement or any of the other Credit Documents; 

(ii) the existence of any claim, setoff, defense or other right which Holdings or any of its Subsidiaries may have at any
time against a beneficiary named in a Letter of Credit, any transferee of any Letter of Credit (or any Person for whom any such transferee may be acting), the Administrative Agent, any Participant, or any other Person, whether in connection with
this Agreement, any Letter of Credit, the transactions contemplated herein or any unrelated transactions (including any underlying transaction between Holdings or any Subsidiary of Holdings and the beneficiary named in any such Letter of Credit);

 (iii) any draft, certificate or any other document presented under any Letter of Credit proving to be forged,
fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 

(iv) the surrender or impairment of any security for the performance or observance of any of the terms of any of the
Credit Documents; or 
 (v) the occurrence of any Default or Event of Default. 

  
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 3.05. Agreement to Repay Letter of Credit Drawings. (a) The Borrower hereby agrees to
reimburse each Issuing Lender, by making payment to the Administrative Agent in Dollars in immediately available funds at the Payment Office, for any payment or disbursement made by such Issuing Lender under any Letter of Credit issued by it (each
such amount, so paid until reimbursed by the Borrower, an “Unpaid Drawing”), not later than one (1) Business Day following receipt by the Borrower of notice of such payment or disbursement (provided that no such notice
shall be required to be given if a Default or an Event of Default under Section 11.05 shall have occurred and be continuing, in which case the Unpaid Drawing shall be due and payable immediately without presentment, demand, protest or
notice of any kind (all of which are hereby waived by the Borrower)), with interest on the amount so paid or disbursed by such Issuing Lender, to the extent not reimbursed prior to 12:00 Noon (New York City time) on the date of such payment or
disbursement from and including the date paid or disbursed to but excluding the date such Issuing Lender was reimbursed by the Borrower therefor at a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin as
in effect from time to time for Loans that are maintained as Base Rate Loans; provided, however, to the extent such amounts are not reimbursed prior to 12:00 Noon (New York City time) on the third Business Day following the receipt by
the Borrower of notice of such payment or disbursement or following the occurrence of a Default or an Event of Default under Section 11.05, interest shall thereafter accrue on the amounts so paid or disbursed by such Issuing Lender (and
until reimbursed by the Borrower) at a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin for Loans that are maintained as Base Rate Loans as in effect from time to time plus 2%, with such interest to be
payable on demand. Each Issuing Lender shall give the Borrower prompt written notice of each Drawing under any Letter of Credit issued by it; provided that the failure to give any such notice shall in no way affect, impair or diminish the
Borrower’s obligations hereunder. 
 (b) The obligations of the Borrower under this Section 3.05 to
reimburse each Issuing Lender with respect to drafts, demands and other presentations for payment under Letters of Credit issued by it (each, a “Drawing”) (including, in each case, interest thereon) shall be absolute and
unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which Holdings or any Restricted Subsidiary of Holdings may have or have had against any Lender (including in its capacity as an Issuing
Lender or as a Participant), including, without limitation, any defense based upon the failure of any drawing under a Letter of Credit to conform to the terms of the Letter of Credit or any nonapplication or misapplication by the beneficiary of the
proceeds of such Drawing; provided, however, that the Borrower shall not be obligated to reimburse any Issuing Lender for any wrongful payment made by such Issuing Lender under a Letter of Credit issued by it as a result of acts or
omissions constituting willful misconduct or gross negligence on the part of such Issuing Lender (as determined by a court of competent jurisdiction in a final and non-appealable decision). 

3.06. Increased Costs. If at any time after the Effective Date, the introduction of or any change in any applicable law,
rule, regulation, order, guideline or request or in the interpretation or administration thereof by the NAIC or any Governmental Authority charged with the interpretation or administration thereof, or compliance by any Issuing Lender or any
Participant with any request or directive by the NAIC or by any such Governmental Authority (whether or not having the force of law), shall either (a) impose, modify or make applicable any reserve, deposit, capital adequacy or similar
requirement against letters of credit issued by any Issuing Lender or participated in by any Participant, or (b) impose on any Issuing Lender or any Participant any other conditions relating, directly or indirectly, to this Agreement or any
Letter of Credit; and the result of any of the foregoing is to increase the cost to any Issuing Lender or any Participant of issuing, maintaining or participating in any Letter of Credit, or reduce the amount of any sum received or receivable by any
Issuing Lender or any Participant hereunder or reduce the rate of return on its capital with respect to Letters of Credit (except for Taxes that are indemnified under Section 5.04 and Excluded Taxes), then, upon the

  
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delivery of the certificate referred to below to the Borrower by any Issuing Lender or any Participant (a copy of which certificate shall be sent by such Issuing Lender or such Participant to the
Administrative Agent), the Borrower agrees to pay to such Issuing Lender or such Participant such additional amount or amounts as will compensate such Issuing Lender or such Participant for such increased cost or reduction in the amount receivable
or reduction on the rate of return on its capital. Any Issuing Lender or any Participant, upon determining that any additional amounts will be payable to it pursuant to this Section 3.06, will give prompt written notice thereof to the
Borrower, which notice shall include a certificate submitted to the Borrower by such Issuing Lender or such Participant (a copy of which certificate shall be sent by such Issuing Lender or such Participant to the Administrative Agent), setting forth
in reasonable detail the basis for the calculation of such additional amount or amounts necessary to compensate such Issuing Lender or such Participant. The certificate required to be delivered pursuant to this Section 3.06 shall, absent
manifest error, be final and conclusive and binding on the Borrower. 
 3.07. Extended Revolving Loan Commitments. If the Initial
Maturity Date shall have occurred at a time when Extended Revolving Loan Commitments are in effect, then such Letters of Credit shall automatically be deemed to have been issued (including for purposes of the obligations of the Lenders to purchase
participations therein and to make payments in respect thereof pursuant to Sections 3.04 and 3.05) under (and ratably participated in by Lenders under the applicable tranche pursuant to) the Extended Revolving Loan Commitments up to an
aggregate amount not to exceed the aggregate principal amount of the unutilized Extended Revolving Loan Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated). Except to
the extent of reallocations of participations pursuant to the prior sentence, the occurrence of the Initial Maturity Date shall have no effect upon (and shall not diminish) the percentage participations of the Lenders under the Revolving Loan
Commitments in any Letter of Credit issued before the Initial Maturity Date. 
 SECTION 4. Commitment Commission; Fees; Reductions of
Commitment. 
 4.01. Fees. (a) The Borrower agrees to pay to the Administrative Agent for distribution to each Non-Defaulting
Lender a commitment commission (the “Commitment Commission”) for the period from and including the Effective Date to and including the Final Maturity Date (or such earlier date on which the Total Revolving Loan Commitment has been
terminated) computed at a rate per annum equal to the Applicable Commitment Commission Percentage of the Unutilized Revolving Loan Commitment of such Non-Defaulting Lender as in effect from time to time. Accrued Commitment Commission shall be due
and payable quarterly in arrears on each Quarterly Payment Date and on the date upon which the Total Revolving Loan Commitment is terminated. 

(b) The Borrower agrees to pay to the Administrative Agent for distribution to each Lender (based on each such Lender’s
respective RL Percentage) a fee in respect of each Letter of Credit (the “Letter of Credit Fee”) for the period from and including the date of issuance of such Letter of Credit to and including the date of termination or expiration
of such Letter of Credit, computed at a rate per annum equal to the Applicable Margin as in effect from time to time during such period with respect to Revolving Loans that are maintained as LIBOR Loans on the daily Stated Amount of each such Letter
of Credit. Accrued Letter of Credit Fees shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the first day on or after the termination of the Total Revolving Loan Commitment upon which no Letters of Credit remain
outstanding. 
 (c) The Borrower agrees to pay to each Issuing Lender, for its own account, a facing fee in respect of each
Letter of Credit issued by it (the “Facing Fee”) for the period from and including the date of issuance of such Letter of Credit to and including the date of termination or 

  
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expiration of such Letter of Credit, computed at a rate per annum equal to 1/4 of 1% on the daily Stated Amount of such Letter of Credit, provided that in any event the minimum amount of
Facing Fees payable in any twelve-month period for each Letter of Credit shall be not less than $500; it being agreed that, on the day of issuance of any Letter of Credit and on each anniversary thereof prior to the termination or expiration of such
Letter of Credit, if $500 will exceed the amount of Facing Fees that will accrue with respect to such Letter of Credit for the immediately succeeding twelve-month period, the full $500 shall be payable on the date of issuance of such Letter of
Credit and on each such anniversary thereof. Except as otherwise provided in the proviso to the immediately preceding sentence, accrued Facing Fees shall be due and payable quarterly in arrears on each Quarterly Payment Date and upon the first day
on or after the termination of the Total Revolving Loan Commitment, upon which no Letters of Credit remain outstanding. 

(d) The Borrower agrees to pay to each Issuing Lender, for its own account, upon each payment under, issuance of, or amendment
to, any Letter of Credit issued by it, such amount as shall at the time of such event be the administrative charge and the reasonable expenses which such Issuing Lender is generally imposing in connection with such occurrence with respect to letters
of credit. 
 (e) The Borrower agrees to pay to the Administrative Agent such fees as may have been, or are hereafter, agreed
to in writing from time to time by Holdings or any of its Restricted Subsidiaries and the Administrative Agent. 
 4.02. Voluntary
Termination of Unutilized Commitments. (a) Upon at least three (3) Business Day’s prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the
Lenders), the Borrower shall have the right, at any time or from time to time, without premium or penalty to terminate the Total Unutilized Revolving Loan Commitment in whole, or reduce it in part, pursuant to this Section 4.02(a), in an
integral multiple of $1,000,000 in the case of partial reductions to the Total Unutilized Revolving Loan Commitment; provided that (i) each such reduction shall apply proportionately to permanently reduce the Revolving Loan Commitment of
each Lender and (ii) after giving effect to such termination (x) the aggregate amount of the Letter of Credit Outstandings shall not exceed the Maximum Letter of Credit Amount and (y) the aggregate principal amount of Swingline Loans
then outstanding shall not exceed the Maximum Swingline Amount. 
 (b) In the event of certain refusals by a Lender to
consent to certain proposed changes, waivers, discharges or terminations with respect to this Agreement which have been approved by the Required Lenders as (and to the extent) provided in Section 13.12(b), the Borrower shall have the
right, subject to obtaining the consents required by Section 13.12(b), upon five (5) Business Days’ prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly
transmit to each of the Lenders), to terminate the entire Revolving Loan Commitment of such Lender, so long as all Loans, together with accrued and unpaid interest, Fees and all other amounts, owing to such Lender (including all amounts, if any,
owing pursuant to Section 2.11) are repaid concurrently with the effectiveness of such termination (at which time Schedule 1.01(a) shall be deemed modified to reflect such changed amounts) and such Lender’s RL Percentage of
all outstanding Letters of Credit is cash collateralized in a manner reasonably satisfactory to the Administrative Agent and the respective Issuing Lenders, and at such time such Lender shall no longer constitute a “Lender” for purposes of
this Agreement, except with respect to indemnifications under this Agreement (including, without limitation, Sections 2.10, 2.11, 3.06, 5.04, 12.06, 13.01 and 13.06), which shall survive as to such
repaid Lender. 

  
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 4.03. Mandatory Reduction of Commitments. The Total Revolving Loan Commitment (and the
Revolving Loan Commitment of each Lender) shall terminate in its entirety upon the Final Maturity Date. 
 SECTION 5. Prepayments;
Payments; Taxes. 
 5.01. Voluntary Prepayments. (a) The Borrower shall have the right to prepay the Loans, without premium
or penalty, in whole or in part at any time and from time to time on the following terms and conditions: (i) the Borrower shall give the Administrative Agent prior to 11:00 A.M. (New York City time) at the Notice Office (A) at least one
(1) Business Day’s prior written notice (or telephonic notice promptly confirmed in writing) of its intent to prepay Base Rate Loans (or same day notice in the case of a prepayment of Swingline Loans) and (B) at least three
(3) Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) of its intent to prepay LIBOR Loans, which notice (in each case) shall specify whether Revolving Loans or Swingline Loans shall be prepaid, the
amount of such prepayment and the Types of Loans to be prepaid and, in the case of LIBOR Loans, the specific Borrowing or Borrowings pursuant to which such LIBOR Loans were made, and which notice the Administrative Agent shall, except in the case of
a prepayment of Swingline Loans, promptly transmit to each of the Lenders; (ii) (x) each partial prepayment of Revolving Loans pursuant to this Section 5.01(a) shall be in an aggregate principal amount of at least
$250,000 (or such lesser amount as is acceptable to the Administrative Agent) and (y) each partial prepayment of Swingline Loans pursuant to this Section 5.01(a) shall be in an aggregate principal amount of at least $100,000 (or
such lesser amount as is acceptable to the Administrative Agent in any given case); provided that if any partial prepayment of LIBOR Loans made pursuant to any Borrowing shall reduce the outstanding principal amount of LIBOR Loans made
pursuant to such Borrowing to an amount less than the Minimum Borrowing Amount applicable thereto, then such Borrowing may not be continued as a Borrowing of LIBOR Loans (and same shall automatically be converted into a Borrowing of Base Rate Loans)
and any election of an Interest Period with respect thereto given by the Borrower shall have no force or effect; and (iii) each prepayment pursuant to this Section 5.01(a) in respect of any Revolving Loans made pursuant to a
Borrowing shall be applied pro rata among such Revolving Loans; provided that at the Borrower’s election in connection with any prepayment of Revolving Loans pursuant to this Section 5.01(a), such prepayment shall not, so
long as no Default or Event of Default then exists, be applied to any Revolving Loan of a Defaulting Lender. 
 (b) In the
event of certain refusals by a Lender to consent to certain proposed changes, waivers, discharges or terminations with respect to this Agreement which have been approved by the Required Lenders as (and to the extent) provided in
Section 13.12(b), the Borrower may, upon five (5) Business Days’ prior written notice to the Administrative Agent at the Notice Office (which notice the Administrative Agent shall promptly transmit to each of the Lenders),
repay all Revolving Loans of such Lender, together with accrued and unpaid interest, Fees and all other amounts then owing to such Lender (including all amounts, if any, owing pursuant to Section 2.11) in accordance with, and subject to
the requirements of Section 13.12(b), so long as (i) in the case of the repayment of Revolving Loans of any Lender pursuant to this clause (b), (A) the Revolving Loan Commitment of such Lender is terminated concurrently with
such repayment pursuant to Section 4.02(b) (at which time Schedule 1.01(a) shall be deemed modified to reflect the changed Revolving Loan Commitments) and (B) such Lender’s RL Percentage of all outstanding Letters of
Credit is cash collateralized in a manner reasonably satisfactory to the Administrative Agent and the respective Issuing Lenders and (ii) the consents, if any, required by Section 13.12(b) in connection with the repayment pursuant
to this clause (b) shall have been obtained. 

  
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 5.02. Mandatory Repayments; Cash Collateralization. (a) (i) On any day on which
the Aggregate Exposure exceeds (A) 100% (or, during an Agent Advance Period, 110%) of the Borrowing Base at such time and/or (B) the Total Revolving Loan Commitment at such time, then in each case, the Borrower shall repay on such day the
principal of Swingline Loans and, after all Swingline Loans have been repaid in full or if no Swingline Loans are outstanding, Revolving Loans in an amount equal to such excess. If, after giving effect to the repayment of all outstanding Swingline
Loans and Revolving Loans, the aggregate amount of the Letter of Credit Outstandings exceeds (A) the Borrowing Base at such time and/or (B) the Total Revolving Loan Commitment at such time, then in each case, the Borrower shall pay to the
Administrative Agent at the Payment Office on such day an amount of cash and/or Cash Equivalents equal to the amount of such excess (up to a maximum amount equal to the Letter of Credit Outstandings at such time), such cash and/or Cash Equivalents
to be held as security for all Obligations of the Borrower to each applicable Issuing Lender and the Lenders hereunder in a cash collateral account to be established by, and under the sole dominion and control of, the Administrative Agent. 

(ii) On any day on which the aggregate amount of the Letter of Credit Outstandings exceeds the Maximum Letter of Credit Amount,
the Borrower shall pay to the Administrative Agent at the Payment Office on such day an amount of cash and/or Cash Equivalents equal to the amount of such excess, such cash and/or Cash Equivalents to be held as security for all Obligations of the
Borrower to each applicable Issuing Lender and the Lenders hereunder in a cash collateral account to be established by, and under the sole dominion and control of, the Administrative Agent. 

(iii) On any day on which the aggregate principal amount of Swingline Loans then outstanding exceeds the Maximum Swingline
Amount, the Borrower shall repay on such day the principal of Swingline Loans in an amount equal to such excess. 
 (b) In
addition to any other mandatory repayments pursuant to this Section 5.02, on each date on or after the Effective Date upon which Holdings or any of its Restricted Subsidiaries receives any cash proceeds from any Asset Sale of ABL
Priority Collateral (other than an Asset Sale or series of related Asset Sales of ABL Priority Collateral where the Net Sale Proceeds therefrom do not exceed $2,500,000), an amount equal to 100% of the Net Sale Proceeds therefrom shall be applied on
such date as a mandatory repayment in accordance with the requirements of Sections 5.02(d) and (e). In the event that ABL Priority Collateral and Senior Secured Notes Priority Collateral are disposed of in a single Asset Sale or series
of related Asset Sales in which the aggregate sales price is not allocated between the ABL Priority Collateral, on the one hand, and the Senior Secured Notes Priority Collateral, on the other hand, including in connection with or as a result of the
sale by Holdings or any of its Restricted Subsidiaries of the Equity Interest of any Restricted Subsidiary of Holdings that owns assets constituting ABL Priority Collateral or Senior Secured Notes Priority Collateral, then, subject to the
Intercreditor Agreement, solely for purposes of this Section 5.02(b), the portion of aggregate sales price deemed to be proceeds from the ABL Priority Collateral, on the one hand, and the Senior Secured Notes Priority Collateral, on the
other hand, shall be allocated to the ABL Priority Collateral or the Senior Secured Notes Priority Collateral in accordance with their respective Fair Market Value as determined in good faith by the Board of Directors of Holdings (provided,
in any event, the portion thereof allocated to the ABL Priority Collateral shall not be less than the value thereof that such assets contribute to the Borrowing Base). 

(c) In addition to any other mandatory repayments pursuant to this Section 5.02, on each date on or after the
Effective Date upon which Holdings or any of its Restricted Subsidiaries receives any cash proceeds from any Recovery Event in respect of ABL Priority Collateral (other than Recovery Events where the Net Insurance Proceeds therefrom do not exceed
$2,500,000), an amount equal to 100% of the Net Insurance Proceeds from such Recovery Event shall be applied on such date as a mandatory repayment in accordance with the requirements of Sections 5.02(d) and (e). 

  
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 (d) Each amount required to be applied pursuant to Sections 5.02(b) and
(c) in accordance with this Section 5.02(d) shall be applied (i) first, to repay the outstanding principal amount of Swingline Loans without any reduction in the Total Revolving Loan Commitment and
(ii) second, if no Swingline Loans are or remain outstanding, to repay the outstanding principal amount of Revolving Loans without any reduction in the Total Revolving Loan Commitment. 

(e) With respect to each repayment of Loans required by this Section 5.02, the Borrower may designate the Types of
Loans which are to be repaid and, in the case of LIBOR Loans, the specific Borrowing or Borrowings pursuant to which such LIBOR Loans were made; provided that: (i) repayments of LIBOR Loans pursuant to this Section 5.02 made
on a day other than the last day of an Interest Period applicable thereto shall be subject to Section 2.11; (ii) if any repayment of LIBOR Loans made pursuant to a single Borrowing shall reduce the outstanding LIBOR Loans made
pursuant to such Borrowing to an amount less than the Minimum Borrowing Amount applicable thereto, such Borrowing shall be automatically converted into a Borrowing of Base Rate Loans; and (iii) each repayment of any Revolving Loans made
pursuant to a Borrowing shall be applied pro rata among the Lenders holding such Revolving Loans. In the absence of a designation by the Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such
designation in its sole discretion. For the avoidance of doubt, it is understood that all mandatory repayments made pursuant to Sections 5.02(a), (b), and (c) will be made without a corresponding reduction to the Total
Revolving Loan Commitment. 
 (f) In addition to any other mandatory repayments pursuant to this Section 5.02,
(i) all then outstanding Swingline Loans shall be repaid in full on the earlier of (x) the fifth Business Day following the date the incurrence of such Swingline Loans and (y) Swingline Expiry Date and (ii) all then outstanding
Revolving Loans shall be repaid in full on the Final Maturity Date. 
 5.03. Method and Place of Payment. (a) Except as otherwise
specifically provided herein, all payments under this Agreement and under any Note shall be made to the Administrative Agent for the account of the Lender or Lenders entitled thereto not later than 1:00 P.M. (New York City time) on the date when due
and shall be made in Dollars in immediately available funds at the Payment Office. Whenever any payment to be made hereunder or under any Note shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to
the next succeeding Business Day and, with respect to payments of principal, interest shall be payable at the applicable rate during such extension. 

(b) The Borrower and each other Credit Party shall, along with the Collateral Agent and certain financial institutions selected
by the Borrower and approved by the Administrative Agent (the “Collection Banks”), enter into on or prior to the 90th day following the Effective Date (as such date may be extended from time to time by the Administrative Agent in
its sole discretion), and thereafter maintain, separate Cash Management Control Agreements with respect to all Deposit Accounts (other than Excluded Deposit Accounts). Each Credit Party shall instruct all (i) Account Debtors (other than
Medicare/Medicaid Account Debtors) of the Credit Parties to remit all payments to the applicable “P.O. Boxes” or “Lockbox Addresses” of the applicable Collection Bank (or to remit such payments to the applicable Collection Bank
by electronic settlement) with respect to all Accounts of such Account Debtor which remittances shall be collected by the applicable Collection Bank and deposited in the applicable Collection Account and (ii) Medicare/Medicaid Account Debtors
of the Credit Parties (or any paying agent thereof) to remit all payments to the applicable “P.O. Boxes” or “Lockbox Addresses” relating to the Medicare/Medicaid Deposit Account (or to remit such payments to the Medicare/Medicaid
Deposit Account by electronic settlement) with respect to all Accounts of such Medicare/Medicaid Account Debtor. All amounts received by any Credit Party and any Collection Bank, in respect of any Account, in addition to all other cash received

  
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from any other source (other than (x) cash received (and to be maintained) at a retail store in an amount necessary for the operation of such retail store in the ordinary course of business
not to exceed $30,000,000 in the aggregate for all retail stores and (y) amounts received in respect of Accounts of Medicare/Medicaid Account Debtors), shall upon receipt be deposited into a Collection Account or directly into a Concentration
Account or, subject to the limitations in the definition of “Excluded Deposit Account” in the case of amounts not constituting payments in respect of Accounts of a Credit Party, an Excluded Deposit Account. 

(c) All amounts held in the Medicare/Medicaid Deposit Account and all of the Collection Accounts and Disbursement Accounts (but
not Excluded Deposit Accounts other than the Medicare/Medicaid Deposit Account) with respect to each Credit Party shall be wired by the close of business on each Business Day into one or more concentration accounts with the Collateral Agent and/or
one or more other institutions reasonably acceptable to the Administrative Agent (each, a “Concentration Account”) unless such amounts are otherwise required or permitted to be applied pursuant to Section 5.02. The
Medicare/Medicaid Deposit Account and all of the Collection Accounts and Disbursement Accounts (other than Excluded Deposit Accounts but not the Medicare/Medicaid Deposit Account) shall be “zero” balance accounts. So long as no Dominion
Period then exists, the Borrower and the Subsidiary Guarantors shall be permitted to transfer cash from the Concentration Accounts to the Disbursement Accounts to be used for working capital and general corporate purposes, all subject to the
requirements of this Section 5.03(c) and pursuant to procedures and arrangements to be reasonably determined by the Administrative Agent. If a Dominion Period exists, all collected amounts held in the Concentration Accounts shall be
applied as provided in Section 5.03(d). 
 (d) Each Cash Management Control Agreement relating to a
Concentration Account shall (unless otherwise agreed by the Administrative Agent in its sole discretion) include provisions that allow, during any Dominion Period, for all collected amounts held in such Concentration Account from and after the date
requested by the Administrative Agent, to be sent by ACH or wire transfer or similar electronic transfer no less frequently than once per Business Day to one or more accounts maintained with the Administrative Agent (each, a “DB
Account”). Subject to the terms of the respective Security Document, all amounts received in a DB Account shall be applied (and allocated) by the Administrative Agent on a daily basis in the following order (in each case, to the extent the
Administrative Agent has actual knowledge of the amounts owing or outstanding as described below and after giving effect to the application of any such amounts otherwise required to be applied pursuant to Section 5.02(b) or
(c) constituting proceeds from any Collateral otherwise required to be applied pursuant to the terms of the respective Security Document): (i) first, to the payment (on a ratable basis) of any outstanding Expenses actually
due and payable to the Administrative Agent, the Collateral Agent and the Syndication Agent under any of the Credit Documents and to repay or prepay outstanding Loans advanced by the Administrative Agent on behalf of the Lenders pursuant to
Section 2.01(e); (ii) second, to the extent all amounts referred to in preceding clause (i) have been paid in full, to pay (on a ratable basis) all outstanding Expenses actually due and payable to each Issuing Lender
under any of the Credit Documents and to repay all outstanding Unpaid Drawings and all interest thereon; (iii) third, to the extent all amounts referred to in preceding clauses (i) and (ii) have been paid in full, to pay (on a
ratable basis) all accrued and unpaid interest actually due and payable on the Loans and all accrued and unpaid Fees actually due and payable to the Administrative Agent, the Issuing Lenders and the Lenders under any of the Credit Documents;
(iv) fourth, to the extent all amounts referred to in preceding clauses (i) through (iii), inclusive, have been paid in full, to repay (on a ratable basis) the outstanding principal of Revolving Loans (whether or not then due and
payable); (v) fifth, to the extent all amounts referred to in preceding clauses (i) through (iv), inclusive, have been paid in full, to pay (on a ratable basis) all other outstanding Obligations then due and payable to the
Administrative Agent, the Collateral Agent, the 

  
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Syndication Agent and the Lenders under any of the Credit Documents; and (vi) sixth, to the extent all amounts referred to in preceding clauses (i) through (v), inclusive, have
been paid in full and so long as no Default under Section 11.01 or 11.05 or any Event of Default then exists, to be returned to the Borrower for the Borrower’s own account. 

(e) Without limiting the provisions set forth in Section 13.15, the Administrative Agent shall maintain accounts on
its books in the name of the Borrower (collectively, the “Credit Account”) in which the Borrower will be charged with all loans and advances made by the Lenders to the Borrower for the Borrower’s account, including the Loans,
the Letter of Credit Outstandings, and the Fees, Expenses and any other Obligations relating thereto. The Borrower will be credited, in accordance with this Section 5.03, with all amounts received by the Lenders from the Borrower or from
others for its account, including, as set forth above, all amounts received by the Administrative Agent and applied to the Obligations. In no event shall prior recourse to any Accounts or other Collateral be a prerequisite to the Administrative
Agent’s right to demand payment of any Obligation upon its maturity. Further, the Administrative Agent shall have no obligation whatsoever to perform in any respect any of the Borrower’s or the other Credit Parties’ contracts or
obligations relating to the Accounts. 
 5.04. Net Payments. (a) All payments made by the Borrower hereunder and under any Note
will be made without setoff, counterclaim or other defense. Except as provided in Section 5.04(b), all such payments will be made free and clear of, and without deduction or withholding for, any present or future taxes, levies, imposts,
duties, fees, assessments or other charges of whatever nature now or hereafter imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein with respect to such payments (but excluding, (i) any tax imposed
on or measured by the net income or net profits of a Lender and any franchise taxes imposed pursuant to the laws of the jurisdiction in which it is organized or the jurisdiction in which the principal office or applicable lending office of such
Lender is located or any subdivision thereof or therein, (ii) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which the Borrower is located and (iii) in the case of a Foreign
Lender, any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new lending office) or is attributable to such Foreign Lender’s failure or inability
(other than as a result of a change in law) to comply with Section 5.04(b), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to
receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 5.04(a), (iv) any United States federal withholding tax that would not have been imposed but for a failure by such recipient (or
any financial institution through which any payment is made to such recipient) to comply with the applicable requirements of FATCA and (v) all interest, penalties or similar liabilities with respect to the taxes in subparagraphs
(i) through (iv) (subparagraphs (i) through (iv) together, “Excluded Taxes”)) and all interest, penalties or similar liabilities with respect to such non-Excluded taxes, levies, imposts, duties, fees, assessments
or other charges (all such non-Excluded taxes, levies, imposts, duties, fees, assessments or other charges being referred to collectively as “Taxes”). If any Taxes are so levied or imposed, the Borrower agrees to pay the full amount
of such Taxes, and such additional amounts as may be necessary so that every payment of all amounts due under this Agreement or under any Note, after withholding or deduction for or on account of any Taxes, will not be less than the amount provided
for herein or in such Note. The Borrower will furnish to the Administrative Agent within 45 days after the date the payment of any Taxes is due pursuant to applicable law certified copies of tax receipts evidencing such payment by the Borrower or
other evidence of payment reasonably satisfactory to the Administrative Agent. The Borrower agrees to indemnify and hold harmless each Lender, and reimburse such Lender upon its written request, for the amount of any Taxes so levied or imposed and
paid by such Lender. 

  
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 (b) Each Lender that is a United States person (as such term is defined in
Section 7701(a)(30) of the Code), if requested by the Borrower or the Administrative Agent, shall deliver to the Borrower and the Administrative Agent on or prior to the Effective Date two (2) accurate and complete original signed copies
of Internal Revenue Service Form W-9 and, if requested by the Borrower or the Administrative Agent, such other documentation prescribed by applicable law as will enable the Borrower or the Administrative Agent to determine whether or not such Lender
is subject to backup withholding or information reporting requirements. In addition, each Lender that is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) (a “Foreign Lender”) for U.S.
Federal income tax purposes agrees to deliver to the Borrower and the Administrative Agent on or prior to the Effective Date (i) two (2) accurate and complete original signed copies of Internal Revenue Service Form W-8ECI, W-8IMY or Form
W-8BEN (with respect to a complete exemption under an income tax treaty) (or successor forms) certifying to such Lender’s entitlement as of such date to a complete exemption from United States withholding tax with respect to payments to be made
under this Agreement and under any Note, or (ii) if the Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10-percent shareholder” within the meaning of
Section 881(c)(3)(B) of the Code, and (C) a “controlled foreign corporation” within the meaning of 881(c)(3)(C) of the Code, and cannot deliver Internal Revenue Service Form W-8ECI, W-8IMY or Form W-8BEN (with respect to a
complete exemption under an income tax treaty) (or any successor forms) pursuant to clause (i) above, (x) a certificate substantially in the form of Exhibit D (any such certificate, a “Section 5.04(b)(ii)
Certificate”) and (y) two (2) accurate and complete original signed copies of Internal Revenue Service Form W-8BEN or W-8IMY (with respect to the portfolio interest exemption) (or successor form) certifying to such Lender’s
entitlement as of such date to a complete exemption from United States withholding tax with respect to payments of interest to be made under this Agreement and under any Note. In addition, each Foreign Lender shall, in the case of any payment made
after December 31, 2013 in respect of any Loan, Letters of Credit, Note or Obligation that was not treated as outstanding for purposes of FATCA or January 1, 2013, provide any forms, documentation, or other information as shall be
prescribed by the IRS to demonstrate that the relevant Lender has complied with the applicable reporting requirements of FATCA (including, without limitation, those contained in Sections 1471(b) or 1472(b) of the Code, as applicable), so that such
payments made to such Lender hereunder would not be subject to U.S. federal withholding taxes imposed by FATCA. In addition, each Lender agrees that from time to time after the Effective Date, when a lapse in time or change in circumstances renders
the previous certification obsolete or inaccurate in any material respect, such Lender will deliver to the Borrower and the Administrative Agent two (2) new accurate and complete original signed copies of Internal Revenue Service Form W-8ECI,
W-8IMY, Form W-8BEN (with respect to the benefits of any income tax treaty), or Form W-8BEN (with respect to the portfolio interest exemption) and a Section 5.04(b)(ii) Certificate, as the case may be, and such other forms as may be required in
order to confirm or establish the entitlement of such Lender to a continued exemption from or reduction in United States withholding tax with respect to payments under this Agreement and any Note, or such Lender shall immediately notify the Borrower
and the Administrative Agent of its inability to deliver any such Form or Certificate, in which case such Lender shall not be required to deliver any such Form or Certificate pursuant to this Section 5.04(b). Notwithstanding anything to
the contrary contained in Section 5.04(a), but subject to Section 13.04(b) and the immediately succeeding sentence, the Borrower shall be entitled, to the extent it is required to do so by law, to deduct or withhold income or
similar taxes imposed by the United States (or any political subdivision or taxing authority thereof or therein) from interest, Fees or other amounts payable hereunder for the account of any Foreign Lender to the extent that such Lender has not
provided to the Borrower U.S. Internal Revenue Service Forms that establish a complete exemption from such deduction or withholding. 

  
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 (c) If the Administrative Agent or a Lender determines, in its sole discretion, that it has
received a refund of any Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to Section 5.04(a), it shall pay to the Borrower an amount equal to such refund
(but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 5.04 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent
or such Lender, as the case may be, and without interest (other than any interest paid by the relevant jurisdiction or any political subdivision or taxing authority thereof with respect to such refund), provided that the Borrower, upon the
request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant jurisdiction or any political subdivision or taxing authority thereof) to
the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such jurisdiction or any political subdivision or taxing authority thereof; provided, further, that the Borrower
shall not be required to repay the Administrative Agent or such Lender an amount in excess of the amount paid over by such party to the Borrower pursuant to this Section 5.04(c). This paragraph shall not be construed to require the
Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 

SECTION 6. Conditions Precedent to Credit Events on the Effective Date. The occurrence of the Effective Date and the obligation of each
Lender to make Loans, and the obligation of each Issuing Lender to issue Letters of Credit, on the Effective Date, are subject at the time of the making of such Loans or the issuance of such Letters of Credit to the satisfaction of the following
conditions: 
 6.01. Effective Date; Notes. On or prior to the Effective Date, (a) this Agreement shall have been executed and
delivered as provided in Section 13.10 and (b) there shall have been delivered to the Lenders that have requested same, the appropriate Revolving Notes executed by the Borrower and if requested by the Swingline Lender, the
appropriate Swingline Notes executed by the Borrower, in each case, in the amount, maturity and as otherwise provided herein. 
 6.02.
Officer’s Certificate. On the Effective Date, the Administrative Agent shall have received a certificate in form reasonably satisfactory to the Administrative Agent, dated the Effective Date and signed on behalf of the Borrower by an
Authorized Officer of the Borrower, certifying on behalf of the Borrower that all of the conditions in Sections 6.05(b), 6.05(c), 6.06, 6.07 and 6.18 have been satisfied on such date; provided that such Authorized
Officer will not make any certification with respect to conditions that must be satisfied to the Administrative Agent’s satisfaction or other subjective standards of similar effect. 

6.03. Opinions of Counsel. On the Effective Date, the Administrative Agent shall have received (a) from Gibson, Dunn &
Crutcher LLP, special New York counsel to the Credit Parties, an opinion addressed to the Administrative Agent, the Collateral Agent and each of the Lenders and dated the Effective Date covering such matters incident to the transactions contemplated
herein as the Administrative Agent may reasonably request and (b) without duplication, from such local counsel, reasonably satisfactory to the Administrative Agent, in each jurisdiction where a Credit Party is “located” for purposes
of Section 9-307 of the UCC and/or organized and, to the extent that Mortgages are delivered on the Effective Date pursuant to Section 6.12, in each jurisdiction where a Mortgaged Property is located, in each case, an opinion in
form and substance reasonably satisfactory to the Administrative Agent addressed to the Administrative Agent, the Collateral Agent and each of the Lenders and dated the Effective Date covering such matters incident to the transactions contemplated
herein as the Administrative Agent may reasonably request. 

  
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 6.04. Company Documents; Proceedings; etc. (a) On the Effective Date, the Administrative
Agent shall have received a certificate from each Credit Party, dated the Effective Date, signed by an Authorized Officer of such Credit Party, and attested to by another Authorized Officer of such Credit Party, in form reasonably satisfactory to
the Administrative Agent with appropriate insertions, together with copies of the certificate or articles of incorporation and by-laws (or other equivalent organizational documents), as applicable, of such Credit Party and the resolutions of such
Credit Party referred to in such certificate, and each of the foregoing shall be in form and substance reasonably acceptable to the Administrative Agent. 

(b) On the Effective Date, the Administrative Agent shall have received good standing certificates dated as of a date
reasonably close to the Effective Date and bring-down facsimiles or other electronic transmission (to the extent available), if any, from the jurisdiction of organization of each of the Credit Parties certified by proper Governmental Authorities.

 6.05. Merger Agreement; Equity Contribution. (a) The Administrative Agent shall have received a certified copy of the Merger
Agreement, duly executed by the parties thereto (together with all exhibits and schedules thereto), which shall be in full force and effect. 

(b) The Acquisition and Merger shall be consummated contemporaneously with the initial funding of the Loans in accordance with
the terms of the Merger Agreement; provided that, without the prior consent of the Lead Arrangers, no provision of the Merger Agreement shall have been amended, supplemented or otherwise modified, and no provision thereof shall have been
waived by Target Holdings or Merger Corp., in a manner that is material and adverse to the interests of the Lenders and the Lead Arrangers (as reasonably determined by the Lead Arrangers) (it is hereby understood and agreed that (i) any
reduction in the purchase price specified in the Merger Agreement in excess of 10.0% of such purchase price shall be deemed to be material and adverse to the interests of the Lenders and the Lead Arrangers, (ii) except as otherwise agreed to by
the Lead Arrangers in their sole discretion, any reduction of such purchase price shall be allocated on a pro rata basis to a reduction in the principal amount of the Loans to be funded hereunder on the Effective Date and the Equity Contribution and
(iii) any increase in such purchase price in and of itself shall not be deemed to be materially adverse to the Lenders and shall be funded solely by an increase in the Equity Contribution). 

(c) On the Effective Date and immediately prior to the initial funding of Loans hereunder, (i) Holdings shall have
received from the Sponsors the Equity Contribution and (ii) Holdings shall have contributed the full amount of the Equity Contribution to the Borrower. 

6.06. Consummation of the Refinancing. (a) Contemporaneously with the initial funding of Loans hereunder, all Indebtedness and
other obligations in respect of the Existing Credit Agreements shall have been repaid in full, together with all fees and other amounts owing thereon, all commitments thereunder shall have been terminated and all letters of credit issued pursuant
thereto shall have been terminated (or, to the extent provided herein, incorporated as an Existing Letter of Credit hereunder). 
 (b) On the
Effective Date, all security interests in respect of, and Liens securing, the Existing Credit Agreements created pursuant to the security documentation relating thereto shall have been terminated and released. 

(c) The Administrative Agent shall have received all releases related to the security interests referred to in the preceding clause (b) as
may have been requested by the Administrative Agent, which releases shall be in form and substance reasonably satisfactory to the Administrative Agent. Without limiting the foregoing, there shall have been delivered to the Administrative Agent
(i) proper termination statements (Form UCC-3 or the appropriate equivalent in each relevant jurisdiction) for filing under the UCC or equivalent statute or regulation of each relevant jurisdiction where a financing 

  
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 statement or application for registration (Form UCC-1 or the appropriate equivalent in each relevant
jurisdiction) was filed with respect to the Borrower, Holdings or any of their respective Restricted Subsidiaries in connection with the security interests created with respect to the Existing Credit Agreements, (ii) terminations or
reassignments of any security interest in, or Lien on, any patents, trademarks, copyrights, or similar interests of the Borrower, Holdings or any of their respective Restricted Subsidiaries on which filings have been made and (iii) terminations
of all mortgages, leasehold mortgages, hypothecs and deeds of trust created with respect to property of the Borrower, Holdings or any of their respective Restricted Subsidiaries, in each case, to secure the obligations under the Existing Credit
Agreements, all of which shall be in form and substance reasonably satisfactory to the Administrative Agent. 
 (d) The Administrative Agent
shall have received payoff letters and other evidence in form, scope and substance reasonably satisfactory to it that the matters set forth in this Section 6.06 have been satisfied on the Effective Date. 

6.07. Acquired Business Material Adverse Effect. Since June 29, 2011, there shall not have been any event, change, circumstance,
occurrence, effect or state of facts that, either individually or in the aggregate, has had or would reasonably be expected to have an Acquired Business Material Adverse Effect. 

6.08. Subsidiaries Guaranty. On the Effective Date, each Subsidiary Guarantor shall have duly authorized, executed and delivered the
Subsidiaries Guaranty in the form of Exhibit G (as amended, modified and/or supplemented from time to time, the “Subsidiaries Guaranty”), and the Subsidiaries Guaranty shall be in full force and effect. 

6.09. Pledge Agreement. On the Effective Date, the Borrower and each other Credit Party shall have duly authorized, executed and
delivered the Pledge Agreement in the form of Exhibit H (as amended, modified, restated and/or supplemented from time to time, the “Pledge Agreement”) and shall have delivered to the Collateral Agent, as Pledgee thereunder,
subject to the Intercreditor Agreement, all of the Pledge Agreement Collateral, if any, referred to therein and then owned by such Credit Party, (x) endorsed in blank in the case of promissory notes constituting Pledge Agreement Collateral
(including, without limitation, all certificates or other instruments representing all Equity Interests required to be delivered to the Collateral Agent) and (y) together with executed and undated endorsements for transfer in the case of Equity
Interests constituting certificated Pledge Agreement Collateral, along with evidence that all other actions necessary or, in the reasonable opinion of the Collateral Agent, desirable, to perfect and protect the security interests purported to be
created by the Pledge Agreement have been taken and the Pledge Agreement shall be in full force and effect. 
 6.10. Intercreditor
Agreement. On the Effective Date, the Intercreditor Agreement, in the form of Exhibit E (as amended, modified, restated and/or supplemented from time to time, the “Intercreditor Agreement”), shall be in full force and
effect. 
 6.11. Security Agreement. On the Effective Date, each Credit Party shall have duly authorized, executed and delivered the
Security Agreement in the form of Exhibit I (as amended, modified, restated and/or supplemented from time to time, the “Security Agreement”) covering all of such Credit Party’s Security Agreement Collateral, together
with: 
 (a) proper financing statements (Form UCC-1 or the equivalent) for filing under the UCC or other appropriate filing offices of
each jurisdiction as may be necessary or, in the reasonable opinion of the Collateral Agent, advisable, to perfect the security interests purported to be created by the Security Agreement; 

  
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 (b) certified copies of (x) requests for information or copies (Form UCC-11), or equivalent
reports as of a recent date, listing all effective financing statements that name Holdings, the Borrower, any of its Restricted Subsidiaries, the Target or any of its Restricted Subsidiaries as debtor and that are filed in the jurisdictions referred
to in clause (i) above, together with copies of such other financing statements that name Holdings, the Borrower, any of its Restricted Subsidiaries, the Target or any of its Restricted Subsidiaries as debtor (none of which shall cover any
Collateral except to the extent evidencing Permitted Liens and (y) reports as of a recent date listing all effective tax and judgment liens (if any) with respect to Holdings, the Borrower, any of its Restricted Subsidiaries, the Target or any
of its Restricted Subsidiaries in each jurisdiction as the Administrative Agent may reasonably require; 
 (c) confirmation that
arrangements reasonably satisfactory to the Administrative Agent have been made for all other recordings and filings of, or with respect to, the Security Agreement as may be necessary or, in the reasonable opinion of the Collateral Agent, advisable,
to perfect and protect the security interests intended to be created by the Security Agreement; and 
 (d) evidence that all other
actions necessary or, in the reasonable opinion of the Collateral Agent, advisable to perfect and protect the security interests purported to be created by the Security Agreement have been taken, and the Security Agreement shall be in full force and
effect. 
 On the Effective Date, the Security Agreement shall be in full force and effect. 

6.12. Mortgage; Title Insurance; Survey; Landlord Waivers; etc. On the Effective Date, the Collateral Agent shall have received: 

(i) fully executed counterparts of Mortgages and corresponding UCC Fixture Filings, in form and substance reasonably
satisfactory to the Collateral Agent, which Mortgages and UCC Fixture Filings shall cover each Real Property owned by the Borrower or any of its Restricted Subsidiaries and designated as a “Mortgaged Property” on Schedule 8.12,
together with evidence that counterparts of such Mortgages and UCC Fixture Filings have been delivered to the title insurance company insuring the Lien of such Mortgage for recording; 

(ii) a Mortgage Policy (or irrevocable commitment to issue same) relating to each Mortgage of the Mortgaged Property
referred to above, issued by a title insurer reasonably satisfactory to the Collateral Agent, in an insured amount satisfactory to the Collateral Agent and insuring the Collateral Agent that the Mortgage on each such Mortgaged Property is a valid
and enforceable mortgage lien on such Mortgaged Property with the priority contemplated pursuant to the Intercreditor Agreement, free and clear of all defects and encumbrances except Permitted Encumbrances, with each such Mortgage Policy (1) to
be in form and substance reasonably satisfactory to the Collateral Agent, (2) to include, to the extent available in the applicable jurisdiction, supplemental endorsements (including, without limitation, endorsements relating to future advances
under this Agreement and the Loans, usury, first loss, tax parcel, subdivision, zoning, contiguity, variable rate, doing business, public road access, survey, environmental lien, mortgage tax and so-called comprehensive coverage over covenants and
restrictions and for any other matters that the Collateral Agent in its discretion may reasonably request), (3) to not include the “standard” title exceptions, a survey exception (except with respect to matters shown on any survey of
the Mortgaged Property delivered pursuant to Section 6.12(iv) below) or an exception for mechanics’ liens, and (4) to provide for affirmative insurance and such reinsurance or coinsurance as the Collateral Agent in its
discretion may reasonably request; 

  
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 (iii) to induce the title company to issue the Mortgage Policies referred to
in subsection (ii) above, such affidavits, certificates, information and instruments of indemnification (including, without limitation, a so-called “gap” indemnification) as shall be required by the Title Company, together with
payment by the Borrower of all Mortgage Policy premiums, search and examination charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of such Mortgages and issuance of such Mortgage Policies; 

(iv) to the extent available, a survey of each Mortgaged Property (and all improvements thereon) (1) prepared by a
surveyor or engineer licensed to perform surveys in the state where such Mortgaged Property is located, (2) certified by the surveyor (in a manner reasonably acceptable to the Collateral Agent) to the Collateral Agent in its capacity as such,
White & Case LLP and the title company, (3) complying in all respects with the minimum detail requirements of the American Land Title Association as such requirements are in effect on the date or preparation of such survey, and
(4) sufficient for the title company to remove all standard survey exceptions from the Mortgage Policy relating to such Mortgaged Property and issue the endorsements required pursuant to the provisions of Section 6.12(ii) above;

 (v) to the extent obtainable on or prior to the Effective Date, fully executed landlord waivers and/or bailee
agreements in respect of those Leaseholds of Holdings or any of its Restricted Subsidiaries designated as “Leaseholds Subject to Landlord Waivers” on Schedule 8.12, each of which landlord waivers and/or bailee agreements shall be in
form and substance reasonably satisfactory to the Collateral Agent; 
 (vi) to the extent requested by the
Administrative Agent, copies of all leases in which Holdings or any of its Restricted Subsidiaries holds the lessor’s interest or other agreements relating to possessory interests, if any; provided that, to the extent any of the
foregoing affect such Mortgaged Property, to the extent requested by the Administrative Agent, such agreements shall be subordinate to the Lien of the Mortgage to be recorded against such Mortgaged Property, either expressly by its terms or pursuant
to a subordination, non-disturbance and attornment agreement (with any such agreement being reasonably acceptable to the Administrative Agent); and 

(vii) a “life of loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to
each Mortgaged Property, in form and substance acceptable to the Administrative Agent (together with notice about special flood hazard area status and flood disaster assistance, duly executed by the Borrower and any applicable Restricted Subsidiary
and evidence of flood insurance, in the event any improved parcel of Mortgaged Property is located in a special flood hazard area). 

Notwithstanding anything to the contrary in this Agreement, each of the requirements set forth in Section 6.09,
Section 6.11, and this Section 6.12 (other than the delivery of documents, lien searches and pledge and perfection of Collateral with respect to which a Lien may be perfected solely by the filing of a financing statement
under the UCC or the delivery of a stock certificate and related stock power) (or the equivalent in other jurisdictions) shall not constitute conditions precedent to the obligation of each Lender to make Loans, and the obligation of each Issuing
Lender to issue Letters of Credit, on the Effective Date to the extent such requirements cannot be satisfied after the respective Credit Parties’ use of commercially reasonable efforts so long as the respective Credit Parties agree (and hereby
do agree) to take or cause to be taken such other actions as may be required to perfect such security interests within 90 days after the Effective Date (subject to extensions approved by the Administrative Agent in its reasonable discretion). 

  
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 6.13. Financial Statements; Pro Forma Balance Sheet; Projections. On or prior to the
Effective Date, the Administrative Agent shall have received (a) audited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows for each of Holdings and the Acquired Business (or their respective
predecessors, as applicable), in each case for each of the three (3) Fiscal Years ended at least 90 days (in the case of the Borrower) or 75 days (in the case of the Acquired Business) prior to the Effective Date, which shall be prepared in
accordance with GAAP; (b) unaudited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows for each of Holdings and the Acquired Business (or their respective predecessors, as applicable), in each
case for each Fiscal Quarter ended at least 45 days (in the case of the Borrower) or 40 days (in the case of the Acquired Business) prior to the Effective Date (other than the fourth Fiscal Quarter of any year), which shall be prepared in accordance
with GAAP and (c) a pro forma consolidated balance sheet and related pro forma consolidated statement of operations of Holdings (or its predecessors, as applicable) and its Subsidiaries as of March 24, 2012 and
for the four (4) consecutive Fiscal Quarters then ended (in each case, after giving effect to the Transaction and the other transactions contemplated hereby as if they had occurred on the last day thereof (in the case of the balance sheet) and
at the beginning of such period (in the case of the statement of operations), which pro forma financial statements shall reflect adjustments applied in accordance with Regulation S-X of the Securities Act and purchase accounting
adjustments (provided that such purchase accounting adjustments may be preliminary in nature and based only on estimates and allocations determined by the Borrower). 

6.14. Solvency Certificate; Insurance Certificates. On the Effective Date, the Administrative Agent shall have received: 

(a) a solvency certificate from the chief financial officer or treasurer of Holdings in the form of Exhibit J; and 

(b) certificates of insurance complying with the requirements of Section 9.03 for the business and properties of Holdings and its
Restricted Subsidiaries, in form and substance reasonably satisfactory to the Administrative Agent together with the endorsements thereto required by Section 9.03(c), naming the Collateral Agent as an additional insured and/or as loss
payee, as applicable. 
 6.15. Fees, etc. On the Effective Date, the Borrower shall have paid to the Administrative Agent (and its
relevant affiliates), the Collateral Agent and each Lender all costs, fees and expenses (including, without limitation, reasonable legal fees and expenses to the extent invoiced) and other compensation contemplated hereby payable to the
Administrative Agent (and/or its relevant affiliates), the Collateral Agent or such Lender to the extent then due. 
 6.16. Initial
Borrowing Base Certificate. On the Effective Date, the Administrative Agent shall have received the initial Borrowing Base Certificate meeting the requirements of Section 9.01(j). 

6.17. Patriot Act. The Administrative Agent and the Lenders shall have received, at least five (5) days prior to the Effective
Date, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the Patriot Act. 

6.18. Effective Date Representations. All Merger Agreement Representations and Specified Representations shall be true and correct on
and as of the Effective Date as if made on and as of such date. 
 6.19. Notice of Borrowing; Letter of Credit Request. Prior to
(i) the making of a Loan on the Effective Date, the Administrative Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.03(a) and (ii) the issuance of a Letter of Credit (other than an Existing
Letter of Credit) on the Effective Date, the Administrative Agent and the respective Issuing Lender shall have received a Letter of Credit Request meeting the requirements of Section 3.03(a). 

  
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 6.20. Borrowing Base Limitations. On the Effective Date and after giving effect to any
Credit Events to occur on such date, (i) the Aggregate Exposure shall not exceed 100% of the Borrowing Base and (ii) the Aggregate Exposure shall not exceed the Total Revolving Loan Commitment on such date. 

SECTION 7. Conditions Precedent to All Credit Events after the Effective Date. The obligation of each Lender to make Loans after the
Effective Date, and the obligation of each Issuing Lender to issue Letters of Credit after the Effective Date, are subject, at the time of each such Credit Event (except as hereinafter indicated), to the satisfaction of the following conditions:

 7.01. No Default; Representations and Warranties. At the time of each such Credit Event and also after giving effect thereto
(a) there shall exist no Default or Event of Default and (b) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects with the same effect as though such
representations and warranties had been made on the date of such Credit Event (it being understood and agreed that (x) any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in
all material respects only as of such specified date and (y) any representation or warranty that is qualified by an Applicable Qualifier shall be true and correct in all respects as written, including by giving effect to such Applicable
Qualifier as of any such date). 
 7.02. Notice of Borrowing; Letter of Credit Request. (a) Prior to the making of each Loan (other
than a Swingline Loan or a Revolving Loan made pursuant to a Mandatory Borrowing), the Administrative Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.03(a). Prior to the making of each Swingline Loan
after the Effective Date, the Swingline Lender shall have received the notice referred to in Section 2.03(b)(i). 

(b) Prior to the issuance of each Letter of Credit, the Administrative Agent and the respective Issuing Lender shall have received a
Letter of Credit Request meeting the requirements of Section 3.03(a). 
 7.03. Borrowing Base Limitations. Notwithstanding
anything to the contrary set forth herein (but subject to Section 2.01(e)), it shall be a condition precedent to each Credit Event that after giving effect thereto (and the use of the proceeds thereof): 

(i) the Aggregate Exposure would not exceed 100% (or, during an Agent Advance Period 110%) of the Borrowing Base at such time;
and 
 (ii) the Aggregate Exposure at such time would not exceed the Total Revolving Loan Commitment at such time. 

The acceptance of the benefits of each Credit Event shall constitute a representation and warranty by Holdings and the Borrower to the
Administrative Agent and each of the Lenders that all the conditions specified in Section 6 (with respect to the occurrence of the Effective Date and Credit Events on the Effective Date) and in this Section 7 (with respect to
the Credit Events after the Effective Date) and applicable to such Credit Event are satisfied as of that time (other than, in the case of Section 6, any condition that must be satisfied to the Administrative Agent’s satisfaction or
other subjective standard of similar effect). All of the Notes, certificates, legal opinions and other documents and papers referred to in Section 6 and in this Section 7, unless otherwise specified, shall be delivered to the
Administrative Agent at the Notice Office for the account of each of the Lenders and, except for the Notes, in sufficient counterparts or copies for each of the Lenders and shall be in form and substance reasonably satisfactory to the Administrative
Agent and the Required Lenders. 

  
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 SECTION 8. Representations, Warranties and Agreements. In order to induce the Lenders to
enter into this Agreement and to make the Loans, and issue (or participate in) the Letters of Credit as provided herein, each of Holdings and the Borrower makes the following representations, warranties and agreements, in each case after giving
effect to the Transaction, all of which shall survive the execution and delivery of this Agreement and the Notes and the making of the Loans and the issuance of the Letters of Credit, with the occurrence of the Effective Date and each Credit Event
on or after the Effective Date being deemed to constitute a representation and warranty that the matters specified in this Section 8 are true and correct in all material respects on and as of the Effective Date and on the date of each
such Credit Event (it being understood and agreed that (x) any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date and
(y) any representation or warranty that is qualified by “materiality”, “Material Adverse Effect” or similar language (each, an “Applicable Qualifier”) shall be true and correct in all respects as written,
including by giving effect to such Applicable Qualifier). 
 8.01. Company Status. Each of Holdings and each of its Restricted
Subsidiaries (i) is a duly organized and validly existing Business in good standing under the laws of the jurisdiction of its organization, (ii) has the Business power and authority to own its property and assets and to transact the
business in which it is engaged and presently proposes to engage and (iii) is duly qualified and is authorized to do business and is in good standing in each jurisdiction where the ownership, leasing or operation of its property or the conduct
of its business requires such qualifications except, in the case of this clause (iii), for failures to be so qualified or authorized which, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 8.02. Power and Authority. Each Credit Party has the Business power and authority to execute, deliver and perform the terms and
provisions of each of the Credit Documents to which it is party and has taken all necessary Business action to authorize the execution, delivery and performance by it of each of such Credit Documents. Each Credit Party has duly executed and
delivered each of the Credit Documents to which it is party, and each of such Credit Documents constitutes its legal, valid and binding obligation enforceable in accordance with its terms, except to the extent that the enforceability thereof may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law). 

8.03. No Violation. Neither the execution, delivery or performance by any Credit Party of the Credit Documents to which it is a party,
nor compliance by it with the terms and provisions thereof, (i) will contravene any provision of any law, statute, rule or regulation or any order, writ, injunction or decree of any court or Governmental Authority, (ii) will conflict with
or result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien (except pursuant to the Security
Documents and the Senior Secured Notes Security Documents) upon any of the property or assets of any Credit Party or any of its Restricted Subsidiaries pursuant to the terms of any indenture, mortgage, deed of trust, credit agreement or loan
agreement, or any other material agreement, contract or instrument, in each case to which any Credit Party or any of its Restricted Subsidiaries is a party or by which it or any its property or assets is bound or to which it may be subject
including, without limitation, the Senior Secured Notes Indenture, or (iii) will violate any provision of the certificate or articles of incorporation, certificate of formation, limited liability company agreement or by-laws (or equivalent
organizational documents), as applicable, of any Credit Party or any of its Restricted Subsidiaries. 

  
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 8.04. Approvals. No order, consent, approval, license, authorization or validation of, or
filing, recording or registration with (except for (x) those that have otherwise been obtained or made on or prior to the Effective Date and which remain in full force and effect on the Effective Date and (y) filings which are necessary to
perfect the security interests created or intended to be created under the Security Documents), or exemption by, any Governmental Authority is required to be obtained or made by, or on behalf of, any Credit Party to authorize, or is required to be
obtained or made by, or on behalf of, any Credit Party in connection with, (i) the execution, delivery and performance of any Credit Document or (ii) the legality, validity, binding effect or enforceability of any such Credit Document.

 8.05. Financial Statements; Financial Condition; Undisclosed Liabilities; Projections. (a) (i) (A) The audited
consolidated balance sheet of Holdings and its consolidated Subsidiaries at January 1, 2011, January 2, 2010 and January 3, 2009 and the related consolidated statements of income and cash flows and changes in shareholders’
equity of Holdings for the Fiscal Years of Holdings on such dates, in each case furnished to the Lenders prior to the Effective Date, present fairly in all material respects the consolidated financial position of Holdings and its consolidated
Subsidiaries at the date of said financial statements and the results for the respective periods covered thereby and (B) (I) the audited consolidated balance sheet of Target and its consolidated Subsidiaries at June 29,
2011, June 30, 2010 and June 24, 2009 and the related consolidated statements of income and cash flows and changes in shareholders’ equity of Target for the Fiscal Years of Target ended on such dates, in each case furnished to
the Lenders prior to the Effective Date, present fairly in all material respects the consolidated financial position of Target and its consolidated Subsidiaries at the date of said financial statements and the results for the respective periods
covered thereby; and (II) the unaudited consolidated balance sheet of Target at January 11, 2012 and the related consolidated statements of income and cash flows and changes in shareholders’ equity of Target and its consolidated
Subsidiaries for the seven (7) Fiscal Month period ended on such date, furnished to the Lenders prior to the Effective Date, present fairly in all material respects the consolidated financial condition of Target and its consolidated
Subsidiaries at the date of said financial statements and the results for the period covered thereby, subject to normal year end adjustments and absence of footnotes. All financial statements referred to in this clause (a)(i) have been prepared in
accordance with GAAP consistently applied except to the extent provided in the notes to said financial statements and subject, in the case of the unaudited financial statements, to normal year-end audit adjustments and the absence of footnotes. 

(ii) The pro forma consolidated balance sheet and statement of operations of Holdings and its consolidated Subsidiaries furnished
to the Lenders pursuant to clause (c) of Section 6.13 and set forth in the Confidential Information Memorandum (x) has been prepared as if the Transaction and the financing therefor had occurred on the date of such balance
sheet (in the case of the consolidated balance sheet) and on the first day of the period of four consecutive Fiscal Quarters covered thereby (in the case of the statement of operations) and (y) represents a good faith estimate of the pro
forma consolidated financial position of Holdings and its consolidated Subsidiaries as of such date. 
 (b)
(i) The fair value and present fair saleable value of the assets of Holdings and its Restricted Subsidiaries (taken as a whole) exceed their respective stated liabilities and identified contingent liabilities, (ii) Holdings and its
Restricted Subsidiaries (taken as a whole) from the Effective Date through the Final Maturity Date, are a going concern and have sufficient capital to ensure that they will continue to be a going concern (as such term is determined in accordance
with GAAP) for such period and to remain a going concern, and (iii) Holdings and its Restricted Subsidiaries (taken as a whole) intend to and believe that from the Effective Date through the Final Maturity Date, they will have sufficient assets
and cash flow to pay their stated liabilities and identified contingent liabilities as those liabilities mature or otherwise become payable. For purposes of this Section 8.05(b), (A) “fair value” means the amount at which
the assets (both tangible and intangible), in their entirety, of Holdings and its Restricted Subsidiaries (taken as a whole) would 

  
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change hands between a willing buyer and a willing seller, within a commercially reasonable period of time, each having reasonable knowledge of the relevant facts, with neither being under any
compulsion to act; (B) “present fair salable value” means the amount that could be obtained by an independent willing seller from an independent willing buyer if the assets of Holdings and its Restricted Subsidiaries (taken as a
whole) are sold with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises; (C) “stated liabilities” means the recorded liabilities (including contingent
liabilities that would be recorded in accordance with GAAP) of Holdings and its Restricted Subsidiaries (taken as a whole), determined in accordance with GAAP consistently applied; and (D) “identified contingent liabilities” means the
estimated amount of liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent liabilities (other than such contingent liabilities included within the term
“stated liabilities”) of Holdings and its Restricted Subsidiaries (taken as a whole), as identified and explained in terms of their nature and estimated magnitude by the relevant officers of Holdings and its Restricted Subsidiaries,
determined in accordance with GAAP. 
 (c) Except as fully disclosed in the financial statements referred to in
Section 8.05(a), and except for the Indebtedness incurred under this Agreement, there were, as of the Effective Date, no liabilities or obligations with respect to Holdings or any of its Restricted Subsidiaries of any nature whatsoever
(whether absolute, accrued, contingent or otherwise and whether or not due) which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. As of the Effective Date, neither Holdings nor the Borrower
knows of any basis for the assertion against it or any of its Restricted Subsidiaries of any liability or obligation of any nature whatsoever that is not fully disclosed in the financial statements delivered pursuant to Section 8.05(a)
or referred to in the immediately preceding sentence which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

(d) The Projections delivered to the Administrative Agent and the Lenders prior to the Effective Date have been prepared
in good faith and are based on reasonable assumptions, and there are no statements or conclusions in the Projections which are based upon or include information known to Holdings or the Borrower to be misleading in any material respect or which fail
to take into account material information known to Holdings or the Borrower regarding the matters reported therein. On the Effective Date, Holdings and the Borrower believe that the Projections are reasonable and attainable, it being recognized by
the Lenders, however, that projections as to future events are not to be viewed as facts and that the actual results during the period or periods covered by the Projections may differ from the projected results included in such Projections and such
differences may be material. 
 (e) After giving effect to the Transaction (but for this purpose assuming that the
Transaction and the related financing had occurred prior to January 1, 2011), since January 1, 2011, nothing has occurred that has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse
Effect. 
 8.06. Litigation. There are no actions, suits or proceedings pending or, to the knowledge of Holdings or the Borrower,
threatened that has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 

8.07. True and Complete Disclosure. All factual information (taken as a whole) furnished by or on behalf of Holdings or the Borrower in
writing to the Administrative Agent or any Lender (including, without limitation, all information contained in the Credit Documents) for purposes of or in connection with this Agreement, the other Credit Documents or any transaction contemplated
herein or therein does not, and all other such factual information (taken as a whole) hereafter furnished by or on 

  
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behalf of Holdings or the Borrower in writing to the Administrative Agent or any Lender will not, when furnished, contain any untrue statement of a material fact or omit to state a material fact
necessary in order to make the statements contained therein (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which such information was provided, it being understood and agreed that for
purposes of this Section 8.07, such factual information shall not include the Projections or any pro forma financial information. 

8.08. Use of Proceeds; Margin Regulations. (a) All proceeds of the Loans will be used by the Borrower (i) to effect, in part,
the Acquisition and the Refinancing and to pay the Transaction Costs and (ii) for the working capital and general corporate purposes (including Permitted Acquisitions) of the Borrower and its Restricted Subsidiaries; provided that the
proceeds of Swingline Loans shall not be used to refinance then outstanding Swingline Loans. 
 (b) None of Holdings or the
Borrower is engaged nor will it engage, principally or as one of its important activities, in the business of purchasing or carrying Margin Stock or extending credit for the purposes of purchasing or carrying Margin Stock. Neither the making of any
Loan nor the use of the proceeds thereof nor the occurrence of any other Credit Event will violate or be inconsistent with the provisions of Regulation T, U or X. Not more than 25% of the value of the assets of Holdings, the Borrower and their
respective Restricted Subsidiaries taken as a whole is represented by Margin Stock. If requested by any Lender or the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in
conformity with the requirements of FR Form G-3 or FR Form U-1, referred to in said Regulation U. 
 8.09. Tax Returns and Payments.
Each of Holdings and each of its Subsidiaries has timely filed or caused to be timely filed with the appropriate taxing authority all federal and other material returns, statements, forms and reports for taxes (the “Returns”)
required to be filed by, or with respect to the income, properties or operations of, Holdings and/or any of its Subsidiaries. The Returns accurately reflect in all material respects all liability for taxes of Holdings and its Subsidiaries, as
applicable, for the periods covered thereby. Each of Holdings and each of its Subsidiaries has paid all material taxes and assessments payable by it which have become due, other than those that are being contested in good faith and adequately
disclosed and fully provided for on the financial statements of Holdings and its Subsidiaries in accordance with GAAP. There is no material action, suit, proceeding, investigation, audit or claim now pending or, to the knowledge of Holdings or the
Borrower, threatened by any authority regarding any material taxes relating to Holdings or any of its Subsidiaries. As of the Effective Date, neither Holdings nor any of its Subsidiaries has entered into an agreement or waiver or been requested to
enter into an agreement or waiver extending any statute of limitations relating to the payment or collection of taxes of Holdings or any of its Subsidiaries, or is aware of any circumstances that would cause the taxable years or other taxable
periods of Holdings or any of its Subsidiaries not to be subject to the normally applicable statute of limitations. 
 8.10. Compliance
with ERISA. (a) Schedule 8.10 sets forth each material Plan as of the Effective Date. Each Plan is in compliance in form and operation with its terms and with ERISA and the Code (including without limitation the Code provisions
compliance with which is necessary for any intended favorable tax treatment) and all other applicable laws and regulations, except where any failure to comply could not reasonably be expected, either individually or in the aggregate, to result in a
Material Adverse Effect. Each Plan (and each related trust, if any) which is intended to be qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS or has applied to the IRS for such a determination
letter to the effect that it meets the requirements of Sections 401(a) and 501(a) of the Code covering all applicable tax law changes or is comprised of a master or prototype plan that has received a favorable opinion letter from the IRS, and to the
knowledge of Holdings and the Borrower, nothing has occurred since the date of such determination that would reasonably be expected to adversely 

  
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affect such determination (or, in the case of a Plan with no determination, to the knowledge of Holdings and the Borrower, nothing has occurred that would reasonably be expected to materially
adversely affect the issuance of a favorable determination letter or otherwise materially adversely affect such qualification). No ERISA Event has occurred, or is reasonably expected to occur, other than as could not, either individually or in the
aggregate, reasonably be expected to result in a Material Adverse Effect. 
 (b) There exists no Unfunded Pension Liability
with respect to any Plan, which either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

(c) To the knowledge of Holdings and the Borrower, no Multiemployer Plan is insolvent or in reorganization. None of Holdings or
any of its Restricted Subsidiaries or any ERISA Affiliate has incurred a complete or partial withdrawal from any Multiemployer Plan, and, if each of Holdings, any of its Restricted Subsidiaries and each ERISA Affiliate have or were to withdraw in a
complete withdrawal as of the date this assurance is given or deemed given, the aggregate withdrawal liability that would be incurred could not, either individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect.

 (d) There are no actions, suits or claims pending against or involving a Plan (other than routine claims for benefits)
that could reasonably be expected, either individually or in the aggregate, to result in a Material Adverse Effect, or, to the knowledge of Holdings or the Borrower, which would reasonably be expected to be asserted successfully against any Plan
and, if so asserted successfully, could reasonably be expected, either individually or in the aggregate, to result in a Material Adverse Effect. 

(e) Holdings, its Restricted Subsidiaries and any ERISA Affiliate have made all contributions to or under each Plan and
Multiemployer Plan required by law within the applicable time limits prescribed thereby, the terms of such Plan or Multiemployer Plan, respectively, or any contract or agreement requiring contributions to a Plan or Multiemployer Plan except where
any failure to comply, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(f) No Plan which is subject to Section 412 of the Code or Section 302 of ERISA has applied for or received an
extension of any amortization period, within the meaning of Section 412 of the Code or Section 302 or 304 of ERISA. Holdings, its Restricted Subsidiaries and any ERISA Affiliate have not ceased operations at a facility so as to become
subject to the provisions of Section 4068(a) of ERISA, withdrawn as a substantial employer so as to become subject to the provisions of Section 4063 of ERISA or ceased making contributions to any Plan subject to Section 4064(a) of
ERISA to which it made contributions. None of Holdings, its Restricted Subsidiaries or any ERISA Affiliate have incurred or reasonably expect to incur liability to the PBGC which, either individually or in the aggregate, could reasonably be expected
to result in a Material Adverse Effect, and no lien imposed under the Code or ERISA on the assets of Holdings, its Restricted Subsidiaries or any ERISA Affiliate exists or is likely to arise on account of any Plan. None of Holdings, its Restricted
Subsidiaries or any ERISA Affiliate has any liability under Section 4069 or 4212(c) of ERISA. 
 (g) Except as could
not, either individually or in the aggregate, result in a Material Adverse Effect: each Foreign Pension Plan has been maintained in compliance with its terms and with the requirements of any and all applicable laws, statutes, rules, regulations and
orders and has been maintained, where required, in good standing with applicable regulatory authorities; all contributions required to be made with respect to a Foreign Pension Plan have been timely made;

  
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neither Holdings nor any of its Restricted Subsidiaries has incurred any obligation in connection with the termination of, or withdrawal from, any Foreign Pension Plan; and the present value of
the accrued benefit liabilities (whether or not vested) under each Foreign Pension Plan, determined as of the end of Holdings most recently ended fiscal year on the basis of actuarial assumptions, each of which is reasonable, did not exceed the
current value of the assets of such Foreign Pension Plan allocable to such benefit liabilities. 
 8.11. Security Documents.
(a) The provisions of the Security Agreement are effective to create in favor of the Collateral Agent, for the benefit of the Secured Creditors, a legal, valid and enforceable security interest in all right, title and interest of the Credit
Parties in all of the Security Agreement Collateral described therein, and the Collateral Agent, for the benefit of the Secured Creditors, has upon (i) the timely and proper filing of financing statements listing each applicable Credit Party,
as a debtor, and the Collateral Agent, as secured party, in the secretary of state’s office (or other similar governmental entity) of the jurisdiction of organization of such Credit Party, (ii) sufficient identification of commercial tort
claims, (iii) execution of a control agreement establishing the Collateral Agent’s “control” (within the meaning of the New York Uniform Commercial Code) with respect to any deposit account, (iv) the recordation of the Grant
of Security Interest in U.S. Patents, if applicable, and the Grant of Security Interest in U.S. Trademarks, if applicable, in the respective form attached to the Security Agreement, in each case in the United States Patent and Trademark Office and
(v) the Grant of Security Interest in U.S. Copyrights, if applicable, in the form attached to the Security Agreement with the United States Copyright Office, a perfected security interest (to the extent the foregoing measures perfect such
security interest) in all right, title and interest in all of the Security Agreement Collateral described therein, subject to no other Liens other than Permitted Liens (it being understood that the Permitted Liens described in clauses (ii),
(iii) and (iv) of Section 10.01 are subject to the terms of the Intercreditor Agreement). 
 (b) The
security interests created under the Pledge Agreement in favor of the Collateral Agent, as Pledgee, for the benefit of the Secured Creditors, constitute perfected security interests in all Pledge Agreement Collateral described in the Pledge
Agreement, subject to no security interests of any other Person (other than, subject to the terms of the Intercreditor Agreement, Permitted Liens described in clauses (ii), (iii) or (iv) of Section 10.01(d)). 

(c) If applicable, each Mortgage creates, as security for the obligations purported to be secured thereby, a valid and
enforceable and, upon recordation in the appropriate recording office perfected security interest in and mortgage lien on the respective Mortgaged Property in favor of the Collateral Agent (or such other trustee as may be required or desired under
local law), for the benefit of the Secured Creditors, superior and prior to the rights of all third Persons (except that the security interest and mortgage lien created on such Mortgaged Property may be subject to the Permitted Encumbrances related
thereto) and subject to no other Liens (other than Permitted Encumbrances related thereto (it being understood that the Permitted Liens described in clauses (ii), (iii) or (iv) of Section 10.01(d) are subject to the terms of the
Intercreditor Agreement)). 
 8.12. Properties. All Real Property owned or leased by Holdings or any of its Restricted Subsidiaries as
of the Effective Date, and the nature of the interest therein, is correctly set forth in Schedule 8.12. Each of Holdings and each of its Restricted Subsidiaries has good and indefeasible title to all material properties (and to all buildings,
fixtures and improvements located thereon) owned by it, including all material property reflected in the most recent historical balance sheets referred to in Section 8.05(a) (except as sold or otherwise disposed of since the date of such
balance sheet in the ordinary course of business or as permitted by the terms of this Agreement), free and clear of all Liens, other than Permitted Liens. Each of Holdings and each of its Restricted Subsidiaries have a valid and indefeasible
leasehold interest in the material properties leased by it free and clear of all Liens other than Permitted Liens. 

  
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 8.13. Capitalization. (a) The authorized Equity Interests of Holdings (the
“Holdings Common Stock”) consist of membership interests. 
 (b) The authorized Equity Interests of the
Borrower consist of membership interests, 100% of which membership interests are owned by Holdings. 
 (c) All outstanding
Equity Interests of Holdings have been duly and validly issued, are fully paid and non-assessable and have been issued free of preemptive rights. Holdings does not have outstanding any Equity Interests or other securities convertible into or
exchangeable for its Equity Interests or any rights to subscribe for or to purchase, or any options for the purchase of, or any agreement providing for the issuance (contingent or otherwise) of, or any calls, commitments or claims of any character
relating to, its Equity Interests or any appreciation or similar rights. 
 8.14. Subsidiaries. On and as of the Effective Date,
Holdings has no Subsidiaries other than those Subsidiaries listed on Schedule 8.14 and all such Subsidiaries are Restricted Subsidiaries as of the Effective Date. Schedule 8.14 sets forth, as of the Effective Date, the percentage
ownership (direct and indirect) of Holdings in each class of capital stock or other Equity Interests of each of its Subsidiaries and also identifies the direct owner thereof. All outstanding Equity Interests of each Restricted Subsidiary of Holdings
have been duly and validly issued, are fully paid and non-assessable and have been issued free of preemptive rights. No Restricted Subsidiary of Holdings that is a Credit Party has outstanding any securities convertible into or exchangeable for such
Restricted Subsidiary’s Equity Interests or outstanding any right to subscribe for or to purchase, or any options or warrants for the purchase of, or any agreement providing for the issuance (contingent or otherwise) of or any calls,
commitments or claims of any character relating to, such Restricted Subsidiary’s Equity Interests or any stock appreciation or similar rights. 

8.15. Compliance with Statutes, etc. Each of Holdings and each of its Restricted Subsidiaries is in compliance with all applicable
statutes, regulations and orders of, and all applicable restrictions imposed by, all Governmental Authorities in respect of the conduct of its business and the ownership of its property (including, without limitation, applicable statutes,
regulations, orders and restrictions relating to environmental standards and controls), except such non-compliances as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

8.16. Investment Company Act. Neither Holdings nor any of its Restricted Subsidiaries is an “investment company” or a company
“controlled” by an “investment company,” within the meaning of the Investment Company Act of 1940, as amended. 
 8.17.
Representations and Warranties in Other Documents. All representations and warranties set forth in the other Credit Documents were true and correct in all material respects at the time as of which such representations and warranties were made
(or deemed made) and shall be true and correct in all material respects as of the Effective Date as if such representations or warranties were made on and as of such date (it being understood and agreed that any such representation or warranty which
by its terms is made as of a specified date shall be true and correct in all material respects as of such specified date). 
 8.18.
Environmental Matters. (a) Except as could not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect: (i) each of Holdings and each of its Restricted Subsidiaries is in compliance with
all applicable Environmental Laws and has obtained and is 

  
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 in compliance with the terms of any permits required under such Environmental Laws; (ii) there are no
Environmental Claims pending or to the knowledge of Holdings or the Borrower, threatened, against Holdings or any of its Restricted Subsidiaries; (iii) no Lien, other than a Permitted Lien, has been recorded or to the knowledge of Holdings or
the Borrower, threatened under any Environmental Law with respect to any Real Property owned by Holdings or any Restricted Subsidiary; (iv) neither Holdings nor any of its Restricted Subsidiaries has agreed to assume or accept responsibility
for any existing liability of any other Person under any Environmental Law; and (v) there are no facts, circumstances, conditions or occurrences with respect to the past or present business, operations, properties or facilities of Holdings or
any of its Restricted Subsidiaries, or any of their respective predecessors, that could reasonably be expected to give rise to any Environmental Claim against or any liability for Holdings or any of its Restricted Subsidiaries under any
Environmental Law. 
 (b) Neither Holdings nor any of its Restricted Subsidiaries has received any letter or request for
information under Section 104(e) of the Comprehensive Environmental Response, Compensation, and Liability Act (42 U.S.C. § 9601, et seq.) or any comparable state law with regard to any matter that could reasonably be expected, either
individually or in the aggregate, to result in a Material Adverse Effect. 
 (c) Neither Holdings nor any of its Restricted
Subsidiaries has been issued or been required to obtain a permit for the treatment, storage or disposal of hazardous waste for any of its facilities pursuant to the federal Resource Conservation and Recovery Act, 42 U.S.C. § 6901, et seq.
(“RCRA”), or any equivalent state law, nor are any such facilities regulated as “interim status” facilities required to undergo corrective action pursuant to RCRA or any state equivalent, except, in each case, for such
matters that could not reasonably be expected, either individually or in the aggregate, to result in a Material Adverse Effect. 
 8.19.
Employment and Labor Relations. Neither Holdings nor any of its Restricted Subsidiaries is engaged in any unfair labor practice that could reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect.
There is (i) no unfair labor practice complaint pending against Holdings or any of its Restricted Subsidiaries or, to the knowledge of Holdings or the Borrower, threatened against any of them, before the National Labor Relations Board, and no
grievance or arbitration proceeding arising out of or under any collective bargaining agreement is so pending against Holdings or any of its Restricted Subsidiaries or, to the knowledge of Holdings or the Borrower, threatened against any of them,
(ii) no strike, labor dispute, slowdown or stoppage pending against Holdings or any of its Restricted Subsidiaries or, to the knowledge of Holdings or the Borrower, threatened against Holdings or any of its Restricted Subsidiaries,
(iii) no union representation question exists with respect to the employees of Holdings or any of its Restricted Subsidiaries, (iv) no equal employment opportunity charges or other claims of employment discrimination are pending or, to
Holdings’ or the Borrower’s knowledge, threatened against Holdings or any of its Restricted Subsidiaries, and (v) no wage and hour department investigation has been made of Holdings or any of its Restricted Subsidiaries, except (with
respect to any matter specified in clauses (i) – (v) above, either individually or in the aggregate) such as could not reasonably be expected to have a Material Adverse Effect. 

8.20. Intellectual Property, etc. Each of Holdings and each of its Restricted Subsidiaries owns or has the right to use all the patents,
trademarks, permits, domain names, service marks, trade names, copyrights, licenses, franchises, inventions, trade secrets, proprietary information, formulas and know-how of any type, whether or not written (including, but not limited to, rights in
computer programs and databases), and has obtained assignments of all leases, licenses and other rights of whatever nature, necessary for the present conduct of its business, without any known conflict with the rights of others which, or the failure
to own or have which, as the case may be, could reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect. 

  
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 8.21. Indebtedness. Schedule 8.21 sets forth a list of all Indebtedness (including
Contingent Obligations) of Holdings and its Restricted Subsidiaries as of the Effective Date and which is to remain outstanding after giving effect to the Transaction (excluding (i) the Obligations, (ii) the Senior Secured Notes and
related obligations and (iii) Capitalized Lease Obligations consisting of real property leases of retail stores and distribution centers) (all such non-excluded Indebtedness, “Existing Indebtedness”), in each case showing the
aggregate principal amount thereof and the name of the respective borrower and any Credit Party or any of its Restricted Subsidiaries which directly or indirectly guarantees such debt. 

8.22. Insurance. Schedule 8.22 sets forth a listing of all insurance maintained by Holdings and its Restricted Subsidiaries as of
the Effective Date, with the amounts insured (and any deductibles) set forth therein. 
 8.23. Borrowing Base Calculation. The
calculation by the Borrower of the Borrowing Base in any Borrowing Base Certificate delivered to the Administrative Agent and the valuation thereunder is complete and accurate in all material respects as of the date of such delivery. 

8.24. Anti-Terrorism Law. (a) Neither Holdings nor any of its Restricted Subsidiaries is in violation (other than immaterial
unknowing or unintentional violations) of any legal requirement relating to any laws with respect to terrorism or money laundering (“Anti-Terrorism Laws”), including Executive Order No. 13224 on Terrorist Financing effective
September 24, 2001 (the “Executive Order”) and the Patriot Act. Neither Holdings nor any of its Restricted Subsidiaries and, to the knowledge of Holdings and the Borrower, no agent of Holdings or any of its Restricted
Subsidiaries acting on behalf of Holdings or any of its Restricted Subsidiaries, as the case may be, is any of the following: 

(i) a Person that is listed in the annex to, or it otherwise subject to the provisions of, the Executive Order; 

(ii) a Person owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is
otherwise subject to the provisions of, the Executive Order; 
 (iii) a Person with which any Lender is prohibited from
dealing or otherwise engaging in any transaction by any Anti-Terrorism Law; 
 (iv) a Person that commits, threatens or
conspires to commit or supports “terrorism” as defined in the Executive Order; or 
 (v) a Person that is
named as a “specially designated national and blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control (“OFAC”) at its official website or any replacement website
or other replacement official publication of such list. 
 (b) Neither Holdings nor any of its Restricted Subsidiaries and,
to the knowledge of Holdings and the Borrower, no agent of Holdings or any of its Restricted Subsidiaries acting on behalf of Holdings or any of its Restricted Subsidiaries, as the case may be, (i) conducts any business or engages in making or
receiving any contribution of funds, goods or services to or for the benefit of a Person described in Section 8.24(a), (ii) deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked
pursuant to the Executive Order, or (iii) engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism
Law. 

  
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 8.25. Material Contracts. Schedule 8.25 contains a true, correct and complete list
of all the Material Contracts in effect on the Effective Date, and except as described thereon, all such Material Contracts are in full force and effect and no defaults currently exist thereunder other than defaults the consequence of which, either
individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
 8.26. Status as ABL
Obligations. The subordination provisions contained in (a) the Intercreditor Agreement are enforceable against Holdings, the Borrower and/or the Subsidiary Guarantors, as applicable, and the holders of the Indebtedness set forth therein and
all Obligations hereunder and all obligations of the Credit Parties under the other Credit Documents (including without limitation, the Holdings Guaranty and the Subsidiaries Guaranty) constitute “ABL Obligations” as set forth in and for
the purposes of the Intercreditor Agreement and (b) any Shareholder Subordinated Notes are enforceable against Holdings and the holders of the Shareholder Subordinated Notes and all Obligations are within the definition of “Senior
Indebtedness” included in such subordination provisions. 
 SECTION 9. Affirmative Covenants. Each of Holdings and the Borrower
hereby covenants and agrees that on and after the Effective Date and until the Total Revolving Loan Commitment and all Letters of Credit have terminated and the Loans, Notes and Unpaid Drawings (in each case together with interest thereon), Fees and
all other Obligations (other than indemnities and expense reimbursement obligations which, in either case, are not then due and payable) incurred hereunder and thereunder, are paid in full: 

9.01. Information Covenants. Holdings will furnish to the Administrative Agent for delivery to each Lender: 

(a) Monthly Reports. Within 30 days after the end of each Fiscal Month of Holdings (other than Fiscal Months that end on the last
day of a Fiscal Quarter), commencing with the end of the first Fiscal Month after the end of the first Fiscal Quarter after the Effective Date, the consolidated balance sheet of Holdings and its Subsidiaries as at the end of such Fiscal Month and
the related consolidated statements of income and statement of cash flows for such Fiscal Month and for the elapsed portion of the Fiscal Year ended with the last day of such Fiscal Month, in each case setting forth comparative figures for the
corresponding Fiscal Month in the prior Fiscal Year and comparable budgeted figures for such Fiscal Month as set forth in the respective budget delivered pursuant to Section 9.01(e), all of which shall be certified by an Authorized
Officer of Holdings that they fairly present in all material respects in accordance with GAAP the financial condition of Holdings and its Subsidiaries as of the dates indicated and the results of their operations for the periods indicated, subject
to normal year-end audit adjustments and the absence of footnotes. 
 (b) Quarterly Financial Statements. Within 55 days after the
close of each of the first three (3) Fiscal Quarters in each Fiscal Year of Holdings, (i) the consolidated balance sheet of Holdings and its Subsidiaries as at the end of such Fiscal Quarter and the related consolidated statements of
income and statement of cash flows for such Fiscal Quarter and for the elapsed portion of the Fiscal Year ended with the last day of such Fiscal Quarter, in each case setting forth comparative figures for the corresponding Fiscal Quarter in the
prior Fiscal Year and (x) comparable budgeted figures for such Fiscal Quarter as set forth in the respective budget delivered pursuant to Section 9.01(e), all of which shall be certified by an Authorized Officer of Holdings that
they fairly present in all material respects in accordance with GAAP the financial condition of Holdings and its Subsidiaries as of the dates indicated and the results of their operations for the periods indicated, subject to normal year-end audit
adjustments and the absence of footnotes, and (ii) management’s discussion and analysis of the important operational and financial developments during such Fiscal Quarter. 

  
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 (c) Annual Financial Statements. Within 105 days after the close of each Fiscal Year of
Holdings (commencing with the Fiscal Year ended December 31, 2011), (i) the consolidated balance sheet of Holdings and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income and statement of
cash flows for such Fiscal Year setting forth, comparative figures for the preceding Fiscal Year and certified by Deloitte & Touche LLP or other independent certified public accountants of recognized national standing reasonably acceptable
to the Administrative Agent, accompanied by an opinion of such accounting firm (which opinion shall be without a “going concern” or like qualification or exception and without any qualification or exception as to scope of audit;
provided, however, the audit opinion in respect of Holdings’ Fiscal Year ending closest to December 31, 2016 may contain a “going concern” or like qualification solely as a result of the Obligations being treated as
current obligations on Holdings’ consolidated balance sheet) and (ii) management’s discussion and analysis of the important operational and financial developments during such Fiscal Year. 

(d) Management Letters. Promptly after Holdings’ or any of its Restricted Subsidiaries’ receipt thereof, a copy of any final
“management letter” received from its certified public accountants and management’s response thereto. 
 (e) Budgets.
No later than the 45th day of each Fiscal Year of Holdings, a budget (including budgeted statements of income, sources and uses of cash and balance sheets for Holdings and its Subsidiaries on a consolidated basis and a schedule of projected
Availability) for each of the thirteen Fiscal Months of such Fiscal Year prepared in reasonable detail setting forth, with appropriate discussion, the principal assumptions upon which such budget is based. 

(f) Officer’s Certificates. At the time of the delivery of the financial statements provided for in Sections 9.01(a),
(b) and (c), a compliance certificate from an Authorized Officer of Holdings in the form of Exhibit K certifying on behalf of Holdings that, to such officer’s knowledge after due inquiry, no Default or Event of Default
has occurred and is continuing or, if any Default or Event of Default has occurred and is continuing, specifying the nature and extent thereof, and which certificate shall (i) set forth in reasonable detail the calculations required to
establish whether Holdings and its Restricted Subsidiaries were in compliance with the provisions of Section 10.07 at the end of such Fiscal Month, Fiscal Quarter or Fiscal Year, as the case may be (setting forth, for the purposes of
such certificate, calculations setting forth the Fixed Charge Coverage Ratio for the Test Period ended on the last day of such fiscal period irrespective of whether a Compliance Period exists at such time), at the end of such Fiscal Month, Fiscal
Quarter or Fiscal Year, as the case may be, and (ii) other than in the case of any compliance certificate delivered at the time of delivery of the financial statements provided for in Section 9.01(a), certify that there have been no
changes to Annexes C through J, of the Security Agreement and Annexes A through F of the Pledge Agreement, in each case since the Effective Date or, if later, since the date of the most recent certificate delivered pursuant to this
Section 9.01(f), or if there have been any such changes, a list in reasonable detail of such changes (but, in each case with respect to this clause (ii), only to the extent that such changes are required to be reported to the Collateral
Agent pursuant to the terms of such Security Documents) and whether Holdings and the other Credit Parties have otherwise taken all actions required to be taken by them pursuant to such Security Documents in connections with any such changes. 

(g) Notice of Default, Litigation and Material Adverse Effect. Promptly, and in any event within three (3) Business Days after any
Responsible Officer of Holdings or any of its Restricted Subsidiaries obtains knowledge thereof, notice of (i) the occurrence of any event which constitutes a Default or an Event of Default, (ii) any litigation or governmental
investigation or proceeding pending against Holdings or any of its Restricted Subsidiaries (x) which, either individually or in the aggregate, has had, or could reasonably be expected to have, a Material Adverse Effect or (y) with respect
to any Document, or (iii) any other event, change or circumstance that has had, or could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 

  
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 (h) Other Reports and Filings. Promptly after the filing or delivery thereof, copies of
all annual, regular, periodic and special reports, proxy statements and registration statements which Holdings or any of its Restricted Subsidiaries shall (i) publicly file with the Securities and Exchange Commission or any successor thereto
(the “SEC”) or (ii) deliver to holders (or any trustee, agent or other representative therefor) of any Qualified Preferred Stock, any Senior Secured Notes, any Refinancing Senior Secured Notes or any of its Indebtedness in
excess of the Threshold Amount pursuant to the terms of the documentation governing the same, in each case not otherwise required to be delivered to the Administrative Agent pursuant to any other clause of this Section 9.01. 

(i) Environmental Matters. Promptly after any Responsible Officer of Holdings or the Borrower obtains knowledge thereof, notice of
one or more of the following environmental matters to the extent that such environmental matters, either individually or when aggregated with all other such environmental matters, could reasonably be expected to have a Material Adverse Effect: 

(i) any pending or threatened Environmental Claim against Holdings or any of its Restricted Subsidiaries or relating to any
Real Property owned, leased or operated by Holdings or any of its Restricted Subsidiaries; 
 (ii) any condition or
occurrence on or arising from any Real Property owned, leased or operated by Holdings or any of its Restricted Subsidiaries that (a) results in noncompliance by Holdings or any of its Restricted Subsidiaries with any applicable Environmental
Law or (b) could reasonably be expected to form the basis of an Environmental Claim against Holdings or any of its Restricted Subsidiaries or relating to any such Real Property; 

(iii) any condition or occurrence on any Real Property owned, leased or operated by Holdings or any of its Restricted
Subsidiaries that could reasonably be expected to cause such Real Property to be subject to any restrictions on the ownership, lease, occupancy, use or transferability by Holdings or any of its Restricted Subsidiaries of such Real Property under any
Environmental Law; and 
 (iv) the taking of any removal or remedial action to the extent required by any Environmental
Law or any Governmental Authority in response to the Release or threatened Release of any Hazardous Material on any Real Property owned, leased or operated by Holdings or any of its Restricted Subsidiaries. 

All such notices shall describe in reasonable detail the nature of the claim, investigation, condition, occurrence or removal or remedial
action and Holdings’ or such Restricted Subsidiary’s response thereto. 
 (j) Borrowing Base Certificate. (i) On the
Effective Date, (ii) unless clause (iii) below applies, not later than 5:00 P.M. (New York time) on or before the 13th day of each Fiscal Month thereafter, (iii) during any period in which a Weekly Borrowing Base Period is in effect,
not later than 5:00 P.M. (New York time) on or before Friday of each week, (iv) at the time of the consummation of a Permitted Acquisition and (v) at the time of the consummation of any Asset Sale involving ABL Priority Collateral, a
borrowing base certificate setting forth the Borrowing Base (in each case with supporting calculations in reasonable detail) substantially in the form of Exhibit P (each, a “Borrowing Base Certificate”), which shall be
prepared (A) as of February 25, 2012 in the case of the initial Borrowing Base Certificate delivered on the Effective Date and (B) as of the last Business Day of the preceding 

  
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 Fiscal Month in the case of each subsequent Borrowing Base Certificate (or, if any such Borrowing Base
Certificate is delivered more frequently than monthly, as of the last Business Day of the week preceding such delivery); provided that, in the case of each Borrowing Base Certificate delivered pursuant to subclause (i) or (ii) of
this clause (j) prior to the seventh Fiscal Month of Holdings for Fiscal Year 2012 as set forth on Schedule 1.01(b), such Borrowing Base Certificate shall be prepared as of the last Business Day of the preceding Fiscal Month of Holdings
but shall include calculations with respect to the Target as of the last Business Day of the preceding fiscal month of the Target. Each such Borrowing Base Certificate shall include such supporting information as may be reasonably requested from
time to time by the Administrative Agent or the Collateral Monitors. 
 (k) Notice of Dominion Period or Compliance Period. Promptly,
and in any event within two (2) Business Days after any Responsible Officer of Holdings or the Borrower obtains knowledge thereof, notice of the commencement of a Dominion Period or a Compliance Period. 

(l) Field Examinations; Appraisals. (i) In the case of succeeding sub-clause (x), one (1) time during each Fiscal Year of
Holdings (or, at any time that a Dominion Period under clause (y) of the definition thereof is in effect, two (2) times in each Fiscal Year), (ii) in the case of succeeding sub-clause (y), one (1) time in each Fiscal Year (or, at
any time that a Dominion Period under clause (y) of the definition thereof is in effect, two (2) times in each Fiscal Year), and (iii) in the case of either sub-clause (x) or (y) at any time that any Default or Event of
Default exists, as often as the Administrative Agent may reasonably request, (x) an appraisal of the Inventory and Pharmacy Scripts of the Qualified Credit Parties and (y) a collateral examination of the Inventory, Pharmacy Scripts,
Accounts and related accounts of the Qualified Credit Parties, in each case, in scope and form, and from a third-party appraiser and a third-party consultant, respectively, reasonably satisfactory to the Administrative Agent and the Collateral Agent
and at the sole cost and expense of the Borrower. The Administrative Agent shall deliver to each Lender, within five (5) days of receipt thereof, each final report from a third-party appraiser or third-party consultant delivered to the
Administrative Agent pursuant to this clause (l). 
 (m) Other Reporting. Upon the request of the Administrative Agent, as soon as
available, but in any event (x) no later than 15 Business Days after the end of each Fiscal Month, and (y) at any time that an Event of Default shall be continuing: (i) an Inventory report with respect to the Qualified Credit Parties
by type, location and department as of the last day of such Fiscal Month (and including the amounts of Inventory and value thereof at any leased locations and at premises of warehouses, consignees, processors or other third parties); (ii) a
shrink reserve roll-forward report with respect to the Qualified Credit Parties as of such day; (iii) an updated pharmacy prescription filled count by period report with respect to the Qualified Credit Parties as of the last day of such period
and with detail sufficient to permit the preparation of any updated Inventory appraisal; (iv) a detailed aged trial balance as of the last day of such Fiscal Month showing pharmacy and related Accounts and a detailed summary of all Accounts
indicating which Accounts are 30, 60 and 90 days past due and listing the names of all Account Debtors, (v) a detailed listing and a detailed summary of the Qualified Credit Parties’ accounts payable, and (vi) a reconciliation of
Accounts, accounts payable and inventory to the financial statements delivered pursuant to clauses (a) and (b) of this Section 9.01 and to the Borrowing Base Certificate delivered pursuant to clause (j) of this
Section 9.01 (for each Fiscal Month which is the last Fiscal Month of a Fiscal Quarter); in each case accompanied by such supporting detail and documentation as shall be reasonably requested by the Administrative Agent. 

(n) Notice Regarding the Supply Agreement. Promptly, and in any event within ten Business Days (i) after the Supply Agreement is
terminated or amended in a manner that is materially adverse to Holdings or such Restricted Subsidiary, as the case may be, or (ii) any new Supply Agreement is entered into, a written statement describing such event, with copies of such
material amendments or new contracts, delivered to Administrative Agent (to the extent such delivery is permitted by the terms of 

  
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 any such Supply Agreement, provided, no such prohibition on delivery shall be effective if it were bargained for
by the Borrower or its applicable Restricted Subsidiary with the intent of avoiding compliance with this Section 9.01(n)), and an explanation of any actions being taken with respect thereto. 

(o) Patriot Act. Promptly following the Administrative Agent’s or any Lender’s request therefor, all documentation and
other information that the Administrative Agent or such Lender reasonably requests in order to comply with its ongoing obligations under the applicable “know your customer” and anti-money laundering rules and regulations, including the
Patriot Act. 
 (p) PACA. Promptly inform the Administrative Agent if a Credit Party or any of its Restricted Subsidiaries
obtains any notice regarding the existence of any Lien on, or trust over, any of the Collateral arising under PACA and promptly provide the Administrative Agent with a copy of such notice. 

(q) Cancellation of Insurance. Promptly (but in any event within one (1) Business Day of receipt thereof) inform the
Administrative Agent if any Credit Party receives notice of cancellation of any insurance policy required to be maintained pursuant to Section 9.03. 

(r) Financial Statements of Unrestricted Subsidiaries. Simultaneously with the delivery of each of the financial statements
required to be delivered under Sections 9.01(a), (b) and (c), the related consolidating financial statements reflecting adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such
consolidated financial statements. 
 (s) Other Information. From time to time, such other information or documents (financial or
otherwise) with respect to Holdings or any of its Restricted Subsidiaries as the Administrative Agent or any Lender (through the Administrative Agent) may reasonably request. 

9.02. Books, Records and Inspections; Annual Meetings. (a) Holdings will, and will cause each of its Restricted Subsidiaries to,
keep proper books of record and accounts in which full, true and correct entries in conformity with GAAP and all requirements of law shall be made of all dealings and transactions in relation to its business and activities. Holdings will, and will
cause each of its Restricted Subsidiaries to, permit officers and designated representatives of the Administrative Agent, the Collateral Monitors and, upon the occurrence and during the continuance of an Event of Default, any Lender (a) to
visit and inspect, under guidance of officers of Holdings or such Restricted Subsidiary, any of the properties of Holdings or such Restricted Subsidiary, (b) to examine the books of account of Holdings or such Restricted Subsidiary and discuss
the affairs, finances and accounts of Holdings or such Restricted Subsidiary with, and be advised as to the same by, its and their officers and independent accountants and (c) to verify Eligible Accounts and/or Eligible Inventory, in each case
once per year unless an Event of Default has occurred and is continuing, all upon reasonable prior notice and at such reasonable times and intervals and to such reasonable extent as the Administrative Agent, any such other Agent or, upon the
occurrence and during the continuance of an Event of Default, any such Lender may reasonably request. 
 (b) At a date to be
mutually agreed upon between the Administrative Agent and Holdings occurring on or prior to the 120th day after the close of each Fiscal Year of Holdings, Holdings will, at the request of the Administrative Agent, hold a meeting (or a conference
call or teleconference in lieu of a meeting) with all of the Lenders at a time and place reasonably acceptable to the Administrative Agent at which meeting (or on such conference call or teleconference) will be reviewed the financial results of
Holdings and its Subsidiaries for the previous Fiscal Year and the budgets presented for the current Fiscal Year of Holdings. 

  
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 9.03. Maintenance of Property; Insurance. (a) Holdings will, and will cause each of
its Restricted Subsidiaries to, (i) keep all property necessary to the business of Holdings and its Restricted Subsidiaries in good working order and condition, ordinary wear and tear excepted and subject to the occurrence of casualty events,
(ii) maintain with financially sound and reputable insurance companies insurance on all such property and against all such risks as is consistent and in accordance with industry practice for companies similarly situated owning similar
properties and engaged in similar businesses as Holdings and its Restricted Subsidiaries, and (iii) furnish to the Administrative Agent, upon its request therefor, full information as to the insurance carried. In addition to the requirements of
the immediately preceding sentence, Holdings and its Restricted Subsidiaries will at all times cause insurance of the types described in Schedule 8.22 to be maintained (with the same scope of coverage as that described in Schedule
8.22) at levels which are consistent with customary practices. 
 (b) If at any time the improvements on a Mortgaged
Property are located in an area identified as a special flood hazard area by the Federal Emergency Management Agency or any successor thereto or other applicable agency, Holdings will, and will cause each of its Restricted Subsidiaries to, at all
times keep and maintain flood insurance in an amount satisfactory to the Administrative Agent but in no event less than the amount sufficient to comply with the rules and regulations promulgated under the National Flood Insurance Act of 1968 and
Flood Disaster Protection Act of 1973, each as amended from time to time. 
 (c) Holdings will, and will cause each of its
Restricted Subsidiaries to, at all times keep its property insured in favor of the Collateral Agent, and all policies and certificates (or certified copies thereof including any endorsements) with respect to such insurance (and any other insurance
maintained by Holdings and/or such Restricted Subsidiaries) (i) shall be endorsed to the Collateral Agent’s reasonable satisfaction for the benefit of the Collateral Agent (including, without limitation, by naming the Collateral Agent as
loss payee and/or additional insured), (ii) if the respective insurer agrees (it being understood and agreed that Holdings will, and will cause each of its Restricted Subsidiaries to use commercially reasonable efforts to have such insurer
agree), shall state that such insurance policies shall not be canceled without at least 30 days’ prior written notice thereof (or, with respect to non-payment of premiums, 10 days prior written notice) (other than any cancellation effectuated
during an insurance renewal process or replacement process) by the respective insurer to the Collateral Agent and (iii) shall provide that the respective insurers irrevocably waive any and all rights of subrogation with respect to the
Collateral Agent and the other Secured Creditors; provided that the requirements of this Section 9.03(c) shall not apply to (x) insurance policies covering (1) directors and officers, fiduciary or other professional liability,
(2) employment practices liability, (3) workers compensation liability, (4) automobile and aviation liability, (5) health, medical, dental and life insurance, and (6) such other insurance policies and programs as the
Collateral Agent may approve (such approval not to be unreasonably withheld or delayed); and (y) self-insurance programs. 

(d) If Holdings or any of its Restricted Subsidiaries shall fail to maintain insurance in accordance with this
Section 9.03, or if Holdings or any of its Restricted Subsidiaries shall fail to so endorse all policies or certificates with respect thereto, the Administrative Agent shall have the right (but shall be under no obligation) to procure
such insurance upon prior written notice to Holdings and the Borrower, and Holdings and the Borrower jointly and severally agree to reimburse the Administrative Agent for all costs and expenses of procuring such insurance. 

9.04. Existence; Franchises. Holdings will, and will cause each of its Restricted Subsidiaries to, do or cause to be done, all things
necessary to preserve and keep in full force and effect its existence and its rights, franchises, licenses, permits, copyrights, trademarks and patents; provided, however, that nothing in this Section 9.04 shall prevent
(i) sales of assets and other transactions by 

  
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 Holdings or any of its Restricted Subsidiaries in accordance with Section 10.02, (ii) the
withdrawal by Holdings or any of its Restricted Subsidiaries of its qualification as a foreign Business in any jurisdiction if such withdrawal could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect, or (iii) the termination of any rights, franchises, licenses, permits, copyrights, trademarks and patents if such termination, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 9.05. Compliance with Statutes, etc. Holdings will, and will cause each of its Restricted Subsidiaries to, comply with all
applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all Governmental Authorities in respect of the conduct of its business and the ownership of its property (including applicable statutes, regulations, orders
and restrictions relating to environmental standards and controls), except such non-compliances as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

9.06. Compliance with Environmental Laws. (a) Holdings will comply, and will cause each of its Restricted Subsidiaries to comply,
with all Environmental Laws and permits applicable to, or required in respect of the conduct of its business or operations or by, the ownership, lease or use of its Real Property now or hereafter owned, leased or operated by Holdings or any of its
Restricted Subsidiaries, except for such instances of noncompliance as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, and will promptly pay or cause to be paid all costs and expenses
incurred in connection with such compliance, and will keep or cause to be kept all such Real Property free and clear of any Liens imposed pursuant to such Environmental Laws. Except in connection with the matter described on Schedule 9.06,
neither Holdings nor any of its Restricted Subsidiaries will generate, use, treat, store, Release or dispose of, or permit the generation, use, treatment, storage, Release or disposal of Hazardous Materials on any Real Property now or hereafter
owned, leased or operated by Holdings or any of its Restricted Subsidiaries, or transport or permit the transportation of Hazardous Materials to or from any such Real Property, except for Hazardous Materials generated, used, treated, stored,
Released or disposed of at any such Real Properties in compliance in all material respects with all applicable Environmental Laws and as required in connection with the normal operation, use and maintenance of the business or operations of Holdings
or any of its Restricted Subsidiaries. 
 (b) (i) After the receipt by the Administrative Agent or any Lender of any
notice of the type described in Section 9.01(i), (ii) at any time that Holdings or any of its Restricted Subsidiaries are not in compliance with Section 9.06(a) or (iii) in the event that the Administrative Agent or
the Lenders have exercised any of the remedies pursuant to the last paragraph of Section 11, Holdings and the Borrower will (in each case) provide, at the sole joint and several expense of Holdings and the Borrower and at the request of
the Administrative Agent, an environmental site assessment report concerning any Real Property owned, leased or operated by Holdings or any of its Restricted Subsidiaries, prepared by an environmental consulting firm reasonably approved by the
Administrative Agent, indicating the presence or absence of Hazardous Materials and the potential cost of any removal or remedial action in connection with such Hazardous Materials on such Real Property. If Holdings or the Borrower fails to provide
the same within 60 days after such request was made, the Administrative Agent may order the same, the cost of which shall be borne by Holdings and the Borrower on a joint and several basis, and the Borrower shall grant and hereby grants to the
Administrative Agent and the Lenders and their respective agents access to such Real Property and specifically grant the Administrative Agent and the Lenders an irrevocable non-exclusive license, subject to the rights of tenants, to undertake such
an assessment at any reasonable time upon reasonable notice to Holdings or the Borrower, all at the sole joint and several expense of Holdings and the Borrower. 

  
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 9.07. ERISA. Holdings will deliver to the Administrative Agent (in sufficient copies for
all Lenders, if the Administrative Agent so requests): 
 (a) promptly and in any event within 15 days after receiving a
request from the Administrative Agent a copy of the most recent IRS Form 5500 (including the Schedule B) with respect to a Plan; 

(b) promptly and in any event within 30 days after Holdings, any Restricted Subsidiary of Holdings or any ERISA Affiliate
knows or has reason to know that any ERISA Event has occurred that would reasonably be expected to result in material liability to Holdings or any Restricted Subsidiaries of Holdings, a certificate of an Authorized Officer of the Borrower describing
such ERISA Event and the action, if any, proposed to be taken with respect to such ERISA Event and a copy of any notice filed with the PBGC or the IRS pertaining to such ERISA Event and any notices received by Holdings, any Restricted Subsidiary of
Holdings or ERISA Affiliate from the PBGC or any other governmental agency with respect thereto; provided that, in the case of ERISA Events under paragraph (d) of the definition thereof, the 30-day notice period set forth above shall be a
10-day period, and, in the case of ERISA Events under paragraph (b) of the definition thereof, in no event shall notice be given later than 10 days after the occurrence of the ERISA Event; and 

(c) promptly, and in any event within 30 days, after becoming aware that there has been (i) an increase in Unfunded
Pension Liabilities (taking into account only Plans with positive Unfunded Pension Liabilities) that are reasonably expected to result in material liability to Holdings since the date the representations hereunder are given or deemed given, or from
any prior notice, as applicable, (ii) a material increase since the date the representations hereunder are given or deemed given, or from any prior notice, as applicable, in potential withdrawal liability under Section 4201 of ERISA, if
Holdings, any Restricted Subsidiary of Holdings and the ERISA Affiliates were to withdraw completely from any and all Multiemployer Plans that are reasonably expected to result in a material liability to Holdings or any Restricted Subsidiary,
(iii) that any material contribution required to made with respect to a Foreign Pension Plan has not been timely made or (iv) the adoption of any amendment to a Plan which results in a material increase in contribution obligations of
Holdings or any Restricted Subsidiary, a detailed written description thereof from an Authorized Officer of Holdings. 
 9.08. End of
Fiscal Years; Fiscal Quarters. Holdings will cause (i) its Fiscal Month to end on the last day of the period described in the definition of “Fiscal Month”, (ii) its Fiscal Year to end on the last day of the period described
in the definition of “Fiscal Year” and (iii) its Fiscal Quarters to end on the last day of each period described in the definition of “Fiscal Quarter”; provided, however, that Holdings may, upon at least 15 days’
prior written notice to the Administrative Agent and up to two times in the aggregate, change the financial reporting convention specified above to any other financial reporting convention reasonably acceptable to the Administrative Agent, in which
case Holdings, the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary in order to reflect such change in financial reporting. 

9.09. Performance of Obligations. Holdings will, and will cause each of its Restricted Subsidiaries to, perform all of its obligations
under the terms of each mortgage, indenture, security agreement, loan agreement or credit agreement and each other agreement, contract or instrument by which it is bound (other than, in each case, any obligations under the Credit Documents, the
Senior Secured Notes Documents and the Additional Obligations and any other Indebtedness), except such non-performances as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 9.10. Payment of Taxes. Holdings will pay and discharge, and will cause each of its
Restricted Subsidiaries to pay and discharge, all material taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or upon any properties belonging to it, prior to the date on which penalties attach
thereto, and all lawful claims which, if unpaid, might become a Lien or charge upon any properties of Holdings or any of its Restricted Subsidiaries not otherwise permitted under Section 10.01(a); provided that neither Holdings
nor any of its Restricted Subsidiaries shall be required to pay any such tax, assessment, charge, levy or claim which is being contested in good faith and by proper proceedings if it has maintained adequate reserves with respect thereto in
accordance with GAAP. 
 9.11. Use of Proceeds. The Borrower will use the proceeds of the Loans only as provided in
Section 8.08. 
 9.12. Additional Security; Further Assurances; etc. (a) Subject to the last sentence of this
Section 9.12(a), Holdings will, and will cause each other Credit Party to, grant to the Collateral Agent for the benefit of the Secured Creditors security interests and Mortgages in such assets and Real Property of Holdings and such
other Credit Party (other than Excluded Assets, as defined in the Security Agreement) as are not covered by the original Security Documents and as may be reasonably requested from time to time by the Administrative Agent or the Required Lenders (or
otherwise required at such time pursuant to the Intercreditor Agreement) (collectively, the “Additional Security Documents”). All such security interests and Mortgages shall be granted pursuant to documentation reasonably
satisfactory in form and substance to the Collateral Agent and shall constitute valid and enforceable perfected security interests, hypothecations and Mortgages superior to and prior to the rights of all third Persons and enforceable against third
parties and subject to no other Liens except in each case for Permitted Liens or, in the case of Real Property, the Permitted Encumbrances related thereto. The Additional Security Documents or instruments related thereto shall have been duly
recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Security Documents and all taxes,
fees and other charges payable in connection therewith shall have been paid in full. Each Credit Party that owns or acquires fee owned Real Property with a Fair Market Value in excess of $7,500,000, such Credit Party will promptly deliver to the
Collateral Agent the documents and other instruments set forth on Schedule 9.12(a). Notwithstanding the foregoing, this Section 9.12(a) shall not (i) apply to (and Holdings and its Subsidiaries, the Borrower and the other
Credit Parties shall not be required to grant a Mortgage in) any fee owned Real Property the Fair Market Value of which is $7,500,000 or less or any Leasehold unless, in either case, a Mortgage is granted (or requested to be granted) in respect of
such Real Property pursuant to the terms of the Senior Secured Notes Documents, any Additional Obligations Documents or any Refinancing Senior Secured Notes Documents and (ii) require the Borrower and the other Credit Parties to perfect any
lien it is not required to otherwise perfect pursuant to the Credit Documents, including, without limitation, deliver any control agreement in respect of any Excluded Deposit Account. 

(b) Subject to the last sentence of Section 9.12(a), Holdings will, and will cause each of the other Credit Parties
to, at the expense of Holdings and the Borrower, make, execute, endorse, acknowledge, file and/or deliver to the Collateral Agent from time to time such vouchers, invoices, schedules, confirmatory assignments, conveyances, financing statements,
transfer endorsements, powers of attorney, certificates (including flood certificates and evidence of flood insurance if applicable), real property surveys, reports, control agreements (other than with respect to Excluded Deposit Accounts) and other
assurances or instruments and take such further steps relating to the Collateral covered by any of the Security Documents as the Collateral Agent may reasonably require. Furthermore, Holdings will, and will cause the other Credit Parties to, deliver
to the Collateral Agent such opinions of counsel, title insurance and other related documents as may be reasonably requested by the Collateral Agent to assure itself that this Section 9.12 has been complied with. 

  
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 (c) If the Administrative Agent or the Required Lenders reasonably determine that
they are required by law or regulation to have appraisals prepared in respect of any Real Property of Holdings and the other Credit Parties constituting Collateral, Holdings and the Borrower will, at their own expense, provide to the Administrative
Agent appraisals which satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of the Financial Institution Reform, Recovery and Enforcement Act of 1989, as amended, and which shall otherwise be in form reasonably
satisfactory to the Administrative Agent. 
 (d) Holdings and the Borrower agree that each action required by clauses
(a) through (c) of this Section 9.12 shall be completed as soon as possible, but in no event later than 60 days after such action is requested to be taken by the Administrative Agent or the Required Lenders (as such date may be
extended by the Administrative Agent, in its sole discretion); provided that, in no event will Holdings or any of its Restricted Subsidiaries be required to take any action, other than using commercially reasonable efforts, to obtain consents
or other agreements from third parties with respect to its compliance with this Section 9.12. 
 (e) The
Borrower and each other Credit Party shall, within 90 days following the Effective Date (as such date may be extended from time to time by the Administrative Agent in its sole discretion), enter into one or more Cash Management Control Agreements
as, and to the extent, required by Section 5.03(b). 
 9.13. Ownership of Subsidiaries; etc. Except as otherwise permitted
by Section 10.05(p) or pursuant to a Permitted Acquisition consummated in accordance with the terms hereof, the Borrower will, and will cause each of its Restricted Subsidiaries to, own 100% of the Equity Interests of each of their
Restricted Subsidiaries (other than, in the case of a Foreign Subsidiary of the Borrower, directors’ qualifying shares and/or other nominal amounts of shares required to be held by local nationals, in each case to the extent required by
applicable law). Holdings will at all times hold 100% of the Equity Interests of the Borrower. 
 9.14. Permitted Acquisitions.
(a) Subject to the provisions of this Section 9.14 and the requirements contained in the definition of Permitted Acquisition, the Qualified Credit Parties may from time to time effect Permitted Acquisitions, so long as (in each case
except to the extent the Required Lenders otherwise specifically agree in writing in the case of a specific Permitted Acquisition): (i) Holdings shall have given to the Administrative Agent and the Lenders at least 10 Business Days’ prior
written notice of any Permitted Acquisition (or such shorter period of time as may be reasonably acceptable to the Administrative Agent), which notice shall describe in reasonable detail the principal terms and conditions of such Permitted
Acquisition; (ii) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and
as of the date of such Permitted Acquisition (both before and after giving effect thereto), unless stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as
of such earlier date (it being understood that any representation or warranty that is qualified by an Applicable Qualifier shall be true and correct in all respects as written, including by giving effect to such Applicable Qualifier, as of any such
date); (iii) the Payment Conditions are satisfied both before and after giving effect to such Permitted Acquisition; (iv) if the assets of the Acquired Entity or Business are to be included in the Borrowing Base as of the date of such
Permitted Acquisition, Holdings shall have delivered to the Administrative Agent a Borrowing Base Certificate, completed on a Pro Forma Basis giving effect to the respective Permitted Acquisition; (v) to the extent any Inventory, Pharmacy
Scripts 

  
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 and Accounts of the Acquired Entity or Business are to be included in the Borrowing Base, the Administrative
Agent shall have received an appraisal of the Inventory and Pharmacy Scripts of the Qualified Credit Parties and a collateral examination of the Inventory, Pharmacy Scripts, Accounts and related accounts of the Qualified Credit Parties, in each
case, in scope and form, and from a third-party appraiser and a third-party consultant, respectively, reasonably satisfactory to the Administrative Agent and at the sole cost and expense of the Borrower; and (vi) Holdings shall have delivered
to the Administrative Agent and each Lender a certificate executed by an Authorized Officer of Holdings, certifying to such officer’s knowledge, compliance with the requirements of preceding clauses (i) through (iii), inclusive, and
containing the calculations (in reasonable detail) required by preceding clause (iii). 
 (b) At the time of each
Permitted Acquisition involving the creation or acquisition of a Restricted Subsidiary, or the acquisition of capital stock or other Equity Interest of any Person, the capital stock or other Equity Interests thereof created or acquired in connection
with such Permitted Acquisition shall be pledged for the benefit of the Secured Creditors pursuant to (and to the extent required by) the Pledge Agreement. 

(c) The Borrower will cause each Restricted Subsidiary which is formed to effect, or is acquired pursuant to, a Permitted
Acquisition to comply with, and to execute and deliver all of the documentation as and to the extent required by, Sections 9.12 and 10.12, to the reasonable satisfaction of the Administrative Agent. 

(d) The consummation of each Permitted Acquisition shall be deemed to be a representation and warranty by Holdings and the
Borrower that the certifications pursuant to this Section 9.14 are true and correct and that all conditions thereto have been satisfied and that same is permitted in accordance with the terms of this Agreement, which representation and
warranty shall be deemed to be a representation and warranty for all purposes hereunder, including, without limitation, Sections 8 and 11. 

9.15. Landlords’ Agreements, Mortgages Agreements, Bailee Letters and Real Estate Purchases. Each Credit Party shall use its
commercially reasonable efforts to obtain (within 90 days following the Effective Date, in the case of such properties owned, leased or in use as of the Effective Date) a Landlord Personal Property Collateral Access Agreement or bailee letter, as
applicable, from the lessor of each leased property, mortgagee of owned property or bailee with respect to any warehouse, processor or converter facility or other location where Inventory of a Credit Party with a book value in excess of $500,000 is
stored or located (other than any retail store), in each case, which agreement or letter shall (unless otherwise agreed to in writing by the Administrative Agent) contain a waiver or subordination of all Liens or claims that the landlord, mortgagee
or bailee may assert against the Collateral at that location, and shall otherwise be reasonably satisfactory in form and substance to the Administrative Agent. 

9.16. Inventory. With respect to the Inventory: 

(a) each Credit Party will at all times maintain, and cause each of its Restricted Subsidiaries to maintain, records (in all
material respects) of Inventory reasonably satisfactory to the Administrative Agent, keep correct and accurate records itemizing and describing the kind, type, quality and quantity of Inventory, the cost therefore and daily withdrawals therefrom and
additions thereto: 
 (b) each Credit Party will (i) conduct cyclical counts of its Inventory, provided it conducts
a physical count of its Inventory at each store at least once per Fiscal Year, and (ii) upon the reasonable request of the Administrative Agent made in its Permitted Discretion, conduct, and cause 

  
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 each of its Restricted Subsidiaries to conduct, a physical count of the Inventory, and, in each
case, promptly following such physical inventory count shall supply the Administrative Agent with a report in the form and with such specificity as may be reasonably satisfactory to the Administrative Agent concerning such physical count; 

(c) no Credit Party will sell, and will not permit any of its Restricted Subsidiaries to sell, Inventory to any customer
on approval, or any other basis outside the ordinary course of business which entitles the customer to return (except for the rights of customers for Inventory which is defective or non-conforming) or may obligate any Credit Party to repurchase such
Inventory; and 
 (d) each Credit Party will keep, and will cause each of its Restricted Subsidiaries to keep, the
Inventory (other than any immaterial portion thereof) in good and marketable condition (damage by any casualty event excepted). 
 9.17.
Pharmacy Scripts. With respect to the Pharmacy Scripts: 
 (a) each Credit Party will at all times maintain, and cause
each of its Restricted Subsidiaries to maintain, the Pharmacy Scripts in a manner consistent with the requirements of Federal, state and local laws and regulations in all material respects, including all Health Care Laws, which files and records
related thereto shall be correct and accurate in all material respects; 
 (b) no Credit Party will remove, and will not
permit any of its Restricted Subsidiaries to remove, any Pharmacy Scripts from the locations set forth or permitted herein, without the prior written consent of the Administrative Agent, which consent shall not be unreasonably withheld, conditioned
or delayed, except for transfers of Pharmacy Scripts (i) in the ordinary course of its business (including at the request of customers with respect to such customer’s own Pharmacy Scripts) and (ii) in connection with the closing or
disposition of any store or stores or the closing of any pharmacy; 
 (c) each Credit Party will use, store and
maintain, and cause each of its Restricted Subsidiaries to use, store and maintain, the Pharmacy Scripts with all reasonable care and caution and in accordance with applicable standards of any insurance and in conformity with applicable laws
(including the requirements for the HIPAA, as amended and all rules, regulations and orders related thereto) in all material respects; 

(d) each Credit Party will ensure that there are no limitations or restrictions on the rights of Holdings or any of its
Restricted Subsidiaries to sell, transfer or otherwise assign the Pharmacy Scripts to any third party so long as (i) such third party has the licenses required under applicable state law to operate a pharmacy and sell products subject to a
prescription and (ii) such assignment or transfer complies with federal and state laws governing the transfer of medical records; 

(e) each Credit Party assumes, and will cause each of its Restricted Subsidiaries to assume, all responsibility and
liability arising from or relating to the use of prescriptions and the maintenance and use of the Pharmacy Scripts, and 

(f) each Credit Party will keep, and cause each of its Restricted Subsidiaries to keep, the Pharmacy Scripts in good and
marketable condition. 

  
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 9.18. Designation of Subsidiaries. The board of directors of Holdings may at any time
designate any Restricted Subsidiary of the Borrower (other than the Borrower and the other Persons listed on Schedule 9.18) as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary of the Borrower;
provided that: 
 (i) immediately before and immediately after such designation, no Default or Event of Default shall
have occurred and be continuing; 
 (ii) (x) in the case of any designation of a Subsidiary as an Unrestricted
Subsidiary, immediately after giving effect to such designation, the Payment Conditions shall be satisfied and (y) in the case of any designation of an Unrestricted Subsidiary as a Restricted Subsidiary, immediately after giving effect to such
designation, (A) no Default or Event of Default shall have occurred or be continuing and (B) Holdings shall be in compliance with a Fixed Charge Coverage Ratio of not less than 1.00:1.00 for the Test Period then most recently ended on a
Pro Forma Basis as if such designation had occurred on the first day of such Test Period; 
 (iii) no Restricted
Subsidiary may be designated as an Unrestricted Subsidiary if it is a “restricted subsidiary” immediately after giving effect to any such designation hereunder and any other contemporaneous designation under any other document for purposes
of the Senior Secured Notes Documents, any Additional Obligations Documents, any Refinancing Senior Secured Notes Documents or any other Indebtedness of Holdings or its Restricted Subsidiaries, as applicable; 

(iv) no Restricted Subsidiary may be designated as an Unrestricted Subsidiary if it was previously an Unrestricted
Subsidiary; 
 (v) in the case of a designation of a Restricted Subsidiary as an Unrestricted Subsidiary, (1) such
Restricted Subsidiary so designated shall meet all of the requirements of an “Unrestricted Subsidiary” set forth in the definition thereof and (2) all of the provisions of Section 10.12 shall have been complied with in
respect of such newly-designated Unrestricted Subsidiary; 
 (vi) in the case of a designation of an Unrestricted
Subsidiary as a Restricted Subsidiary, (1) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects with the same effect as though such representations and
warranties had been made on and as of the date of such designation (both before and after giving effect thereto), unless stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all
material respects as of such earlier date (provided that any representation or warranty that is qualified by an Applicable Qualifier shall be true and correct in all respects as written, including by giving effect to such Applicable Qualifier, as of
any such date), (2) all actions which would be required to be taken pursuant to Section 10.12 in connection with the establishment, creation or acquisition of a new Restricted Subsidiary are taken at the time of such designation,
(3) such Subsidiary shall be a Wholly-Owned Subsidiary of the Borrower (both immediately before and immediately after giving effect to such designation), and (4) the Liens and Indebtedness of such Subsidiary resulting from the designation
of such Subsidiary as a Restricted Subsidiary as provided in the second succeeding sentence are permitted under Sections 10.01 or 10.04, as applicable; 

(vii) the Borrower shall have delivered to the Administrative Agent an officer’s certificate executed by an
Authorized Officer of the Borrower, certifying to such officer’s knowledge, compliance with the requirements of preceding clauses (i) through (vi), inclusive, and containing the calculations of compliance (in reasonable detail) with
preceding clause (ii); and 

  
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 (viii) if one or more Restricted Subsidiary is being designated as an
Unrestricted Subsidiary hereunder, (x) the sum of (A) the aggregate book value of assets of all such Restricted Subsidiary as of such date of designation (the “Designation Date”), plus (B) the aggregate book
value of assets of all Unrestricted Subsidiaries that have been designated as Unrestricted Subsidiaries pursuant to this Section 9.18 prior to the Designation Date (in each case, measured as of the date of each such Restricted
Subsidiary’s designation as an Unrestricted Subsidiary) shall not exceed 10% of Holdings’ Consolidated Total Assets (after giving pro forma effect to such designation) as of such Designation Date or (y) (A) the aggregate EBITDA
(calculated in a manner consistent with the definition of Consolidated EBITDA) of all such Subsidiaries plus (B) the aggregate “EBITDA” (calculated in a manner consistent with the definition of Consolidated EBITDA) of all
Unrestricted Subsidiaries that have been designated as Unrestricted Subsidiaries (in each case, measured as of the date of each such Restricted Subsidiary’s designation as an Unrestricted Subsidiary) shall not exceed 10% of Consolidated EBITDA
(after giving pro forma effect to such designation) as of such Designation Date. 
 The designation of any Restricted Subsidiary as an
Unrestricted Subsidiary shall constitute an Investment by the Borrower therein at the date of designation in an amount equal to the Fair Market Value of all outstanding Investments owned by Holdings and its Restricted Subsidiaries in the respective
Subsidiary at the time that such Subsidiary is designated an Unrestricted Subsidiary. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence by a Restricted Subsidiary at the time of designation of
any Liens or Indebtedness of such Subsidiary existing at such time. 
 9.19. Corporate Separateness. Holdings will take, and will
cause each of its Subsidiaries to take, all action as is necessary to ensure that all customary formalities regarding their respective corporate existence, including holding regular board of directors’ and shareholders’ meetings and
maintenance of corporate offices and records, are followed. All financial statements provided to creditors shall clearly evidence the corporate separateness of Holdings and its Restricted Subsidiaries from any Unrestricted Subsidiaries, and Holdings
and its Restricted Subsidiaries will maintain its own payroll and separate books of account and bank accounts from Unrestricted Subsidiaries. Neither Holdings nor any of its Subsidiaries will take any action, or conduct its affairs in a manner,
which is likely to result in the corporate existence of any Unrestricted Subsidiary being ignored, or in the assets and liabilities of any Unrestricted Subsidiary being substantively consolidated with those of Holdings or any of its Subsidiaries in
a bankruptcy, reorganization or other insolvency proceeding. 
 SECTION 10. Negative Covenants. Each of Holdings and the Borrower
hereby covenants and agrees that on and after the Effective Date and until the Total Revolving Loan Commitment and all Letters of Credit have terminated and the Loans, Notes and Unpaid Drawings (in each case, together with interest thereon), Fees
and all other Obligations (other than any indemnities and expense reimbursement obligations which, in either case are not then due and payable) incurred hereunder and thereunder, are paid in full: 

10.01. Liens. Holdings will not, and will not permit any of its Restricted Subsidiaries to, create, incur, assume or suffer to exist any
Lien upon or with respect to any property or assets (real or personal, tangible or intangible) of Holdings or any of its Restricted Subsidiaries, whether now owned or hereafter acquired, or assign any right to receive income or permit the filing of
any financing statement under the UCC or any other similar notice of Lien under any similar recording or notice statute; provided that the provisions of this Section 10.01 shall not prevent the creation, incurrence, assumption or
existence of the following (Liens described below are herein referred to as “Permitted Liens”): 

  
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 (a) (i) inchoate Liens for taxes, assessments or governmental charges or levies not yet due
or (ii) Liens for taxes, assessments or governmental charges or levies being contested in good faith and by appropriate proceedings for which adequate reserves have been established in accordance with GAAP; 

(b) Liens in respect of property or assets of Holdings or any of its Restricted Subsidiaries imposed by law, which were incurred in the
ordinary course of business and do not secure Indebtedness for borrowed money, such as carriers’, warehousemen’s, materialmen’s and mechanics’ liens and other similar Liens arising in the ordinary course of business, and
(i) which do not in the aggregate materially detract from the value of Holdings’ or such Restricted Subsidiary’s property or assets or materially impair the use thereof in the operation of the business of Holdings or such Restricted
Subsidiary or (ii) which are being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing the forfeiture or sale of the property or assets subject to any such Lien; 

(c) Liens in existence on the Effective Date which are listed, and the property subject thereto described, in Schedule 10.01, but
only to the respective date, if any, set forth in such Schedule 10.01 for the removal, replacement and termination of any such Liens, plus renewals, replacements and extensions of such Liens to the extent set forth on such Schedule
10.01; provided that (i) the aggregate principal amount of the Indebtedness, if any, secured by such Liens does not increase from that amount outstanding at the time of any such renewal, replacement or extension and (ii) any
such renewal, replacement or extension does not encumber any additional assets or properties of Holdings or any of its Restricted Subsidiaries; 

(d) (i) Liens created by or pursuant to this Agreement and the Security Documents, (ii) Liens created by or pursuant to the
Senior Secured Notes Indenture and the Senior Secured Notes Security Documents (iii) Liens created by or pursuant to the Additional Obligations Documents and (iv) Liens created by or pursuant to the Refinancing Senior Secured Notes
Indenture and the Refinancing Senior Secured Notes Security Documents (subject, in the case of preceding clauses (ii), (iii) and (iv), to the terms of the Intercreditor Agreement); 

(e) (i) licenses, sublicenses, leases or subleases granted by the Borrower or any of its Restricted Subsidiaries to other Persons not
materially interfering with the conduct of the business of Holdings or any of its Restricted Subsidiaries and (ii) any interest or title of a lessor, sublessor or licensor under any lease or license agreement not prohibited by this Agreement to
which the Borrower or any of its Restricted Subsidiaries is a party; 
 (f) Liens upon assets of the Borrower or any of its Restricted
Subsidiaries subject to Capitalized Lease Obligations and the proceeds thereof to the extent such Capitalized Lease Obligations are permitted by Sections 10.04(d) and 10.04(o); provided that (i) such Liens only serve to
secure the payment of Indebtedness arising under such Capitalized Lease Obligation and (ii) the Lien encumbering the asset giving rise to the Capitalized Lease Obligation does not encumber any asset of Holdings or any other asset of the
Borrower or any Restricted Subsidiary of the Borrower; 
 (g) Liens placed upon equipment, machinery or other property (other than
Inventory or Accounts) acquired after the Effective Date and used in the ordinary course of business of the Borrower or any of its Restricted Subsidiaries and the proceeds thereof and placed (x) in the case of an acquisition, at the time of
such acquisition by the Borrower or such Restricted Subsidiary or within 90 days thereafter or (y) in the case of construction, within 90 days after the completion thereof, in each case to secure Indebtedness (including sale-leaseback
obligations) incurred to pay all or a portion of the purchase price thereof or to secure Indebtedness incurred solely for the purpose of financing the acquisition or construction of any such equipment, machinery or other property or extensions,
renewals or 

  
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 replacements of any of the foregoing for the same or a lesser amount; provided that (i) the
Indebtedness secured by such Liens is permitted by Section 10.04(d) and (ii) in all events, the Lien encumbering the equipment, machinery or other property so acquired or constructed does not encumber any asset of Holdings or any
other asset of the Borrower or such Restricted Subsidiary; 
 (h) zoning restrictions, easements, licenses, reservations, rights-of-way,
restrictions, covenants, conditions, encroachments and other similar charges or encumbrances, and minor title deficiencies, in each case not securing Indebtedness and not materially interfering with the conduct of the business of Holdings or any of
its Restricted Subsidiaries; 
 (i) Liens arising from precautionary UCC financing statement filings regarding operating leases entered
into in the ordinary course of business; 
 (j) Liens arising out of the existence of judgments or awards that do not otherwise
constitute an Event of Default under Section 11.09 and in respect of which Holdings or any of its Restricted Subsidiaries shall in good faith be prosecuting an appeal or proceedings for review and in respect of which there shall have
been secured a subsisting stay of execution pending such appeal or proceedings; 
 (k) statutory and common law landlords’ liens
under leases to which the Borrower or any of its Restricted Subsidiaries is a party; 
 (l) Liens (other than Liens imposed under ERISA)
incurred in the ordinary course of business in connection with workers compensation claims, unemployment insurance and social security benefits and Liens securing the performance of bids, tenders, leases and contracts in the ordinary course of
business, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business (exclusive of obligations in respect of the payment for borrowed money); 

(m) Permitted Encumbrances not securing Indebtedness; 

(n) Liens on property or assets acquired pursuant to a Permitted Acquisition, or on property or assets of a Restricted Subsidiary in existence
at the time such Restricted Subsidiary is acquired pursuant to a Permitted Acquisition, and, in each case, the proceeds thereof; provided that (i) any Indebtedness that is secured by such Liens is permitted to exist under
Section 10.04(g), and (ii) such Liens are not incurred in connection with, or in contemplation or anticipation of, such Permitted Acquisition and do not attach to any asset of Holdings or any other asset of the Borrower or any of
its Restricted Subsidiaries; 
 (o) Liens arising out of any conditional sale, title retention, consignment or other similar
arrangements for the sale of goods entered into by the Borrower or any of its Restricted Subsidiaries in the ordinary course of business to the extent such Liens do not attach to any assets other than the goods subject to such arrangements and the
proceeds thereof; 
 (p) Liens (i) incurred in the ordinary course of business in connection with the purchase or shipping of goods
or assets (or the related assets and proceeds thereof), which Liens are in favor of the seller or shipper of such goods or assets and only attach to such goods or assets and the proceeds thereof, and (ii) in favor of customs and revenue
authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; 

  
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 (q) bankers’ Liens, rights of setoff and other similar Liens existing solely with respect to
cash and Cash Equivalents on deposit in one or more accounts maintained by Holdings or any of its Restricted Subsidiaries, in each case granted in the ordinary course of business in favor of the bank or banks with which such accounts are maintained,
securing amounts owing to such bank or banks with respect to cash management and operating account arrangements; 
 (r) Liens granted on
insurance policies obtained in the ordinary course of business, proceeds thereof and the unearned portion of insurance premiums with respect thereto securing the financing of the unpaid cost of the insurance policies to the extent the financing is
permitted under Section 10.04; 
 (s) Liens on earnest money deposits made in connection with any agreement in respect of an
anticipated Permitted Acquisition; 
 (t) Liens arising from the Borrower’s and its Subsidiaries’ participation in Federal and
state healthcare programs (including Medicare and Medicaid) as a result of such healthcare programs’ right of offset against the Borrower’s or its applicable Subsidiary’s Accounts from Governmental Authorities in the ordinary course
of business; 
 (u) Liens on the Equity Interests of Unrestricted Subsidiaries; and 

(v) additional Liens (other than over ABL Priority Collateral) of Holdings or any of its Restricted Subsidiaries not otherwise permitted by
this Section 10.01 that (i) do not encumber any assets of Holdings or any of its Restricted Subsidiaries the Fair Market Value of which exceeds the amount of the Indebtedness or other obligations secured by such assets, (ii) do
not materially impair the use of such assets in the operation of the business of Holdings or such Restricted Subsidiary and (iii) do not secure obligations in excess of $30,000,000 in the aggregate for all such Liens at any time. 

In connection with the granting of Liens of the type described in clauses (c), (f), (g), (i), (n), (u) and
(v) of this Section 10.01 by the Borrower or any of its Restricted Subsidiaries, the Administrative Agent and the Collateral Agent shall be authorized to take any actions deemed appropriate by it in connection therewith
(including, without limitation, by executing appropriate lien releases or lien subordination agreements in favor of the holder or holders of such Liens, in either case solely with respect to the item or items of equipment or other assets subject to
such Liens). 
 10.02. Consolidation, Merger, Purchase or Sale of Assets, etc. Holdings will not, and will not permit any of its
Restricted Subsidiaries to, wind up, liquidate or dissolve its affairs or enter into any partnership, joint venture, or transaction of merger or consolidation, or convey, sell, lease or otherwise dispose of all or any part of its property or assets,
or enter into any sale-leaseback transactions, or purchase or otherwise acquire (in one or a series of related transactions) any part of the property or assets (other than purchases or other acquisitions of inventory, materials, equipment, goods and
services in the ordinary course of business) of any Person, except that: 
 (a) Capital Expenditures by the Borrower and its Restricted
Subsidiaries shall be permitted (other than Capital Expenditures constituting a Permitted Acquisition except to the extent otherwise permitted hereunder); 

(b) each of the Borrower and its Restricted Subsidiaries may sell inventory in the ordinary course of business; 

  
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 (c) each of the Borrower and its Restricted Subsidiaries may liquidate or otherwise dispose of
obsolete, damaged, expired, uneconomic, or worn-out property in the ordinary course of business; 
 (d) Investments may be made to the extent
permitted by Section 10.05; 
 (e) each of the Borrower and its Restricted Subsidiaries may convey, sell, lease or otherwise
dispose assets (other than the capital stock or other Equity Interests of any Credit Party, unless all of the capital stock or other Equity Interests of such Credit Party are sold in accordance with this clause (e)), so long as (i) no Default
or Event of Default then exists or would result therefrom, (ii) each such sale is in an arm’s-length transaction and the Borrower or the respective Restricted Subsidiary receives at least Fair Market Value, (iii) the consideration
received by the Borrower or such Restricted Subsidiary consists of at least 75% cash or Cash Equivalents and is paid at the time of the closing of such sale, (iv) the Net Sale Proceeds therefrom are applied as (and to the extent) required by
Section 5.02(b) and (v) the aggregate amount of the cash and non-cash proceeds received from all assets sold pursuant to this clause (e) shall not exceed $40,000,000 in any Fiscal Year (for this purpose, in each case, using the
Fair Market Value of property other than cash); 
 (f) each of the Borrower and its Restricted Subsidiaries may lease (as lessee) or
license (as licensee) real or personal property (so long as any such lease or license does not create a Capitalized Lease Obligation except to the extent permitted by Section 10.04(d)); 

(g) each of the Borrower and its Restricted Subsidiaries may sell or discount, in each case without recourse and in the ordinary course of
business, accounts receivable arising in the ordinary course of business, but only in connection with the compromise or collection thereof and not as part of any financing transaction; 

(h) each of the Borrower and its Restricted Subsidiaries may grant licenses, sublicenses, leases or subleases to other Persons not
materially interfering with the conduct of the business of the Borrower or any of its Restricted Subsidiaries, in each case so long as no such grant otherwise affects the Collateral Agent’s security interest in the asset or property subject
thereto in any material respect; 
 (i) (x) the Borrower or any Restricted Subsidiary of the Borrower may convey, sell, lease,
dispose or otherwise transfer all or any part of its business, properties and assets to any Qualified Credit Party, so long as any security interests granted to the Collateral Agent for the benefit of the Secured Creditors pursuant to the Security
Documents in the assets so transferred shall remain in full force and effect and perfected (to at least the same extent as in effect immediately prior to such transfer) and all actions required to maintain said perfected status have been taken and
(y) any Restricted Subsidiary that is not a Credit Party may convey, sell or otherwise transfer any of its assets to any Restricted Subsidiary that is a Wholly-Owned Subsidiary that is not a Credit Party; 

(j) any Restricted Subsidiary of the Borrower may merge or consolidate with and into, or be dissolved or liquidated into, any Qualified
Credit Party, so long as (i) in the case of any such merger, consolidation, dissolution or liquidation involving the Borrower, the Borrower is the surviving or continuing entity of any such merger, consolidation, dissolution or liquidation,
(ii) in all other cases, a Qualified Credit Party is the surviving or continuing corporation of any such merger, consolidation, dissolution or liquidation, and (iii) any security interests granted to the Collateral Agent for the benefit of
the Secured Creditors pursuant to the Security Documents in the assets of such Restricted Subsidiary shall remain in full force and effect and perfected (to at least the same extent as in effect immediately prior to such merger, consolidation,
dissolution or liquidation) and all actions required to maintain said perfected status have been taken; 

  
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 (k) any Restricted Subsidiary of the Borrower that is not a Credit Party may merge or
consolidate with and into, or be dissolved or liquidated into any other Restricted Subsidiary of the Borrower that is not a Credit Party, so long as (i) in the case of any such merger, consolidation, dissolution or liquidation involving a
Wholly-Owned Subsidiary of the Borrower, a Wholly-Owned Subsidiary of the Borrower that is a Restricted Subsidiary is the surviving or continuing entity of any such merger, consolidation, dissolution or liquidation, and (ii) to the extent that
the Collateral Agent has a pledge of the Equity Interests of either of the Restricted Subsidiaries subject to such transaction pursuant to the Pledge Agreement, such pledge shall continue in the Equity Interests of the surviving or continuing entity
of any such merger, consolidation, dissolution or liquidation and all actions required to maintain said pledge have been taken; 

(l) Permitted Acquisitions may be consummated in accordance with the requirements of Section 9.14; 

(m) Holdings and its Restricted Subsidiaries may liquidate or otherwise dispose of Cash Equivalents in the ordinary course of business, in
each case for cash at Fair Market Value; 
 (n) the Borrower and its Restricted Subsidiaries may make dispositions (including, without
limitations, conveyances, sales, leases or other dispositions) resulting from any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset of the Borrower or any of its Restricted Subsidiaries to the
extent such taking or condemnation could not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect; 

(o) Dividends may be paid to the extent permitted by Section 10.03; 

(p) the Borrower and its Restricted Subsidiaries may cancel or abandon intellectual property rights which are, in the reasonable business
judgment of the Borrower or such Restricted Subsidiary, no longer material to, or no longer used or useful in, the business of the Borrower or such Restricted Subsidiary; 

(q) the Borrower and its Restricted Subsidiaries may dispose of property and assets to the extent such property and assets were the
subject of a casualty or of condemnation proceedings upon the occurrence of the related Recovery Event; 
 (r) each of the Borrower and
its Restricted Subsidiaries may sell property or assets in transactions not otherwise permitted by this Section 10.02; provided that the Net Sale Proceeds received from all assets or property sold pursuant to this clause
(r) (1) shall not exceed (x) $3,000,000 in any Fiscal Year and (y) $10,000,000 in the aggregate and (2) are applied as (and to the extent) required by Section 5.02(b); 

(s) the Borrower and its Restricted Subsidiaries may (x) sell any Scheduled Property or (y) enter into a sale and leaseback
arrangement with respect to any Scheduled Sale Leaseback Property or any equipment or Real Property acquired after the Effective Date, in each case so long as (i) no Default or Event of Default then exists or would result therefrom,
(ii) each such sale or sale and leaseback, as the case may be, is in an arm’s-length transaction and the Borrower or the respective Restricted Subsidiary receives at least Fair Market Value, (iii) the consideration received by the
Borrower or such Restricted Subsidiary consists of at least 75% cash or Cash Equivalents and is paid at the time of the closing of such sale or sale and leaseback, as the case may be, and (iv) except to the extent that the Net Sale Proceeds

  
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 from any sale and leaseback arrangement of any property acquired after the Effective Date are applied within 30
days after the entry into such sale and leaseback arrangement to finance or refinance the purchase price of any such property acquired after the Effective Date, the Net Sale Proceeds therefrom are applied as (and to the extent) required by
Section 5.02(b); 
 (t) each of the Borrower and its Restricted Subsidiaries may transfer, convey, sell, lease or otherwise
dispose of the capital stock or other Equity Interests of, or other Investment in, an Unrestricted Subsidiary including, without limitation, in connection with any foreclosure thereon by any creditor or lender to such Unrestricted Subsidiary; 

(u) obligations under Interest Rate Protection Agreements and Other Hedging Agreements may be terminated voluntarily; 

(v) the sale or other transfer deemed to occur in connection with creating or granting any Permitted Lien; 

(w) to the extent allowable under Section 1031 of the Code and other than in respect of ABL Collateral, each of the Borrower and its
Restricted Subsidiaries may exchange like property (excluding any boot thereon) for use in a business permitted under Section 10.11; 

(x) the Borrower and its Subsidiaries may consummate the Merger; and 

(y) Insurance Captive may sell, dispose or otherwise transfer its “admitted assets” in accordance with its investment policy and as
approved by the South Carolina Board of Insurance. 
 To the extent the Required Lenders waive the provisions of this Section 10.02 with respect
to the sale of any Collateral, or any Collateral is sold as permitted by this Section 10.02 (other than to Holdings or a Restricted Subsidiary thereof), such Collateral shall be sold free and clear of the Liens created by the Security
Documents, and the Administrative Agent and the Collateral Agent shall, at the written request of the Borrower, take (and are hereby authorized to take) any actions deemed appropriate in order to effect and/or evidence the foregoing. 

Notwithstanding anything to the contrary contained above in this Section 10.02 or elsewhere in this Agreement, at any time when an
Event of Default has occurred and is continuing, no ABL Priority Collateral may be sold, transferred or otherwise disposed of by any Qualified Credit Party (other the use of cash in the ordinary course of business and transactions described in
Sections 10.02(a), (b), (g), (m) and (n)). 
 10.03. Dividends. Holdings will not, and will
not permit any of its Restricted Subsidiaries to, declare or pay any Dividends with respect to Holdings or any of its Subsidiaries, except that: 

(a) any Restricted Subsidiary of the Borrower may pay Dividends to the Borrower or to any Wholly-Owned Subsidiary of the Borrower; 

(b) any Non-Wholly-Owned Subsidiary of the Borrower that is a Restricted Subsidiary may pay cash Dividends to its shareholders, members or
partners generally, so long as the Borrower or its respective Restricted Subsidiary which owns the Equity Interest in the Restricted Subsidiary paying such Dividends receives at least its proportionate share thereof (based upon its relative holding
of the Equity Interest in the Restricted Subsidiary paying such Dividends and taking into account the relative preferences, if any, of the various classes of Equity Interests of such Restricted Subsidiary); 

  
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 (c) the Borrower and BG Cards may pay cash Dividends to Holdings, so long as the proceeds thereof
are promptly used by Holdings to pay operating expenses incurred in the ordinary course of business (including, without limitation, outside directors and professional fees, expenses and indemnities) and other similar corporate overhead costs and
expenses (including costs and expenses incurred in connection with any debt or equity offering, whether or not successful); provided that the aggregate amount of all cash Dividends paid pursuant to this clause (c) shall not exceed
$500,000 in any Fiscal Year; 
 (d) the Borrower and BG Cards may pay cash Dividends to Holdings at the times and in the amounts
necessary to enable Holdings to pay its tax obligations; provided that (x) the amount of cash Dividends paid pursuant to this clause (d) to enable Holdings to pay Federal and state income taxes at any time shall not exceed the
amount of such Federal and state income taxes estimated in good faith to be actually owing by Holdings at such time for the respective period and (y) any refunds received by Holdings shall promptly be returned by Holdings to the Borrower; 

(e) so long as each of Holdings, the Borrower and BG Cards is treated as a partnership or similar pass through entity for federal income
tax purposes, the Borrower and BG Cards may pay cash Dividends to Holdings at the times and in the amounts necessary to enable Holdings to, and Holdings may, pay cash Dividends to its members at the times and in the amounts necessary to enable such
members to make tax payments solely with respect to Holdings’ income in any Fiscal Year; provided that (x) the aggregate amount of cash Dividends paid pursuant to this clause (e) for any Fiscal Year shall not exceed the
aggregate amount of its direct and/or indirect members estimated and actual tax liabilities attributable to Holdings’ estimated or actual (as applicable) income allocable to each direct or indirect member of Holdings (which distributions shall
be calculated based on the amount of Holdings’ estimated or actual (as applicable) income that is allocable to each such direct or indirect member multiplied by the highest marginal federal, state, and local tax rates applicable to an
individual or corporate resident of New York, New York) and (y) prior to the payment of such Dividend, Holdings shall have delivered to the Administrative Agent a certificate of an Authorized Officer of Holdings certifying compliance with
preceding sub-clause (x) and containing the calculations (in reasonable detail) required to establish compliance with preceding sub-clause (x); 

(f) the Borrower and BG Cards may pay cash Dividends to Holdings for the purpose of enabling Holdings to redeem, repurchase or otherwise
acquire for value, and Holdings may redeem, repurchase or otherwise acquire for value, outstanding shares of Holdings Common Stock (or options or warrants to purchases Holdings Common Stock) following the death, disability, transfer, separation or
termination of employment of officers, directors or employees of Holdings or any of its Subsidiaries and to make payments on outstanding Shareholder Subordinated Notes theretofore issued in exchange for such Equity Interests of Holdings,
provided that (x) the only consideration paid by Holdings in respect of such redemptions, repurchases or other acquisitions for value shall be cash and Shareholder Subordinated Notes, (y) the sum of (I) the aggregate amount of
all cash Dividends paid to Holdings and the aggregate amount paid by Holdings in cash in respect of all such redemptions, repurchases or other acquisitions for value pursuant to this clause (f) plus (II) the aggregate amount of all cash
payments made on all Shareholder Subordinated Notes shall not exceed $5,000,000 (although no more than $1,000,000 may be made in any Fiscal Year) and (z) at the time of any payment of any cash Dividend, purchase or acquisition for value or
other payment permitted to be made pursuant to this Section 10.03(f), including any cash payment made under a Shareholder Subordinated Note, no Default or Event of Default shall then exist or result therefrom; 

(g) Holdings may pay regularly scheduled Dividends on its Qualified Preferred Stock pursuant to the terms thereof solely through the
issuance of additional shares of such Qualified Preferred Stock (but not in cash); provided that in lieu of issuing additional shares of such Qualified Preferred Stock as Dividends, Holdings may increase the liquidation preference of the
shares of Qualified Preferred Stock in respect of which such Dividends have accrued; 

  
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 (h) the Borrower and BG Cards may pay additional cash Dividends to Holdings to enable
Holdings to, and Holdings may pay additional cash Dividends upon its receipt thereof from the Borrower or BG Cards, in each case, so long as the Payment Conditions are satisfied both before and after giving effect to the payment of such Dividends;

 (i) the Borrower and its Restricted Subsidiaries may pay cash Dividends to Holdings for the purpose of enabling Holdings to redeem,
repurchase or otherwise acquire for value, and Holdings may redeem, repurchase or otherwise acquire for value, outstanding shares of the Target held by dissenting shareholders in the Target as part of the Acquisition and in accordance with the terms
of Merger Agreement; 
 (j) Holdings and its Restricted Subsidiaries may declare any Dividends otherwise permitted to be paid under this
Section 10.03; 
 (k) to the extent constituting Dividends, (i) payments to any holders of Certificates or Book-Entry
Shares as general creditors for payment of the Merger Consideration and (ii) funds provided by Holdings or any Restricted Subsidiary to Paying Agent for the benefit of the Persons set forth in Section 2.3(f) of the Merger Agreement; and

 (l) the Borrower and its Restricted Subsidiaries and BG Cards may pay cash Dividends to Holdings for the purpose of enabling Holdings
to compensate officers and employees of or retained by Holdings. 
 10.04. Indebtedness. Holdings will not, and will not permit any of
its Restricted Subsidiaries to, contract, create, incur, assume or suffer to exist any Indebtedness, except: 
 (a) Indebtedness incurred
pursuant to this Agreement and the other Credit Documents; 
 (b) Existing Indebtedness outstanding on the Effective Date and listed on
Schedule 8.21 (as reduced by any repayments of principal thereof), and any subsequent extension, renewal or refinancing thereof; provided that the aggregate principal amount of the Indebtedness to be extended, renewed or
refinanced does not increase from that amount outstanding at the time of any such extension, renewal or refinancing and, provided, further, that any Intercompany Debt listed on Schedule 8.21 (other than any Intercompany Debt for
which all obligors and obligees are Credit Parties) (and subsequent extensions, refinancings, renewals, replacements and refundings thereof as permitted pursuant to this Section 10.04(b)) (x) may only be extended, refinanced,
renewed, replaced or refunded if the Intercompany Debt so extended, refinanced, renewed, replaced or refunded has the same obligor(s) and obligee(s) as the Intercompany Debt being extended, refinanced, renewed, replaced or refunded and
(y) shall be subject to the requirements of Section 10.05(h); 
 (c) Indebtedness (i) of the Borrower under
Interest Rate Protection Agreements entered into with respect to other Indebtedness permitted under this Section 10.04 and (ii) of the Borrower and its Restricted Subsidiaries under Other Hedging Agreements entered into in the
ordinary course of business and providing protection to the Borrower and its Restricted Subsidiaries against fluctuations in currency values or commodity prices in connection with the Borrower’s or any of its Restricted Subsidiaries’
ordinary course of business operations, in either case so long as the entering into of such Interest Rate Protection Agreements or Other Hedging Agreements are bona fide hedging activities and are not for speculative purposes; 

  
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 (d) Indebtedness of the Borrower and its Restricted Subsidiaries evidenced by Capitalized
Lease Obligations relating to equipment and machinery and purchase money Indebtedness described in Section 10.01(g); provided that in no event shall the sum of the aggregate principal amount of all Capitalized Lease Obligations
and purchase money Indebtedness permitted by this clause (d) exceed 10% of the Consolidated Total Assets of the Borrower and its Restricted Subsidiaries at any time outstanding; 

(e) Indebtedness constituting Intercompany Loans to the extent permitted by Sections 10.05(h); 

(f) Indebtedness consisting of unsecured guaranties (or, to the extent permitted by Section 10.01(v), secured guaranties) by
the Qualified Credit Parties of each other’s Indebtedness and lease and other contractual obligations permitted under this Agreement; 

(g) Indebtedness of a Restricted Subsidiary of the Borrower acquired pursuant to a Permitted Acquisition (or Indebtedness assumed at the
time of a Permitted Acquisition of an asset securing such Indebtedness); provided that (i) such Indebtedness was not incurred in connection with, or in anticipation or contemplation of, such Permitted Acquisition, and (ii) such
Indebtedness does not constitute debt for borrowed money, it being understood and agreed that Capitalized Lease Obligations and purchase money Indebtedness shall not constitute debt for borrowed money for purposes of this subclause (ii); 

(h) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against
insufficient funds in the ordinary course of business, so long as such Indebtedness is extinguished within five (5) Business Days of the incurrence thereof; 

(i) Indebtedness of the Borrower and its Restricted Subsidiaries with respect to performance bonds, surety bonds, appeal bonds, guarantees
or customs bonds required in the ordinary course of business or in connection with the enforcement of rights or claims of the Borrower or any of its Restricted Subsidiaries or in connection with judgments that do not result in a Default or an Event
of Default; 
 (j) unsecured subordinated Indebtedness of Holdings under Shareholder Subordinated Notes issued in connection with any
redemption or repurchase of Holdings Common Stock pursuant to Section 10.03(f); 
 (k) Indebtedness owed to any Person
providing property, casualty, liability or other insurance to the Borrower or any of its Restricted Subsidiaries, so long as the amount of such Indebtedness is not in excess of the amount of the unpaid cost of, and shall be incurred only to defer
the cost of such insurance for the period in which such Indebtedness is incurred and such Indebtedness is outstanding only for a period not exceeding twelve months; 

(l) Indebtedness of the Borrower or any of its Restricted Subsidiaries which may be deemed to exist in connection with agreements
providing for indemnification, purchase price adjustments and similar obligations in connection with the acquisition or disposition of assets in accordance with the requirements of this Agreement, so long as any such obligations are those of the
Person making the respective acquisition or sale, and are not guaranteed by any other Person except as permitted by Section 10.04(f); 

  
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 (m) Indebtedness of the Borrower and the other Credit Parties under (i) the Senior Secured
Notes in an aggregate principal amount not to exceed $285,000,000 (as reduced by any repayments or prepayments of principal thereof) and (ii) the Refinancing Senior Secured Notes (as reduced by any repayments or prepayments of principal
thereof); 
 (n) Indebtedness of the Borrower and its Restricted Subsidiaries with respect to take-or-pay and similar obligations
entered into in the ordinary course of business and consistent with past practice; 
 (o) Indebtedness of the Borrower and its
Restricted Subsidiaries evidenced by Capitalized Lease Obligations consisting of real property leases of retail stores and distribution centers; 

(p) Indebtedness of the Borrower and the other Credit Parties constituting Additional Obligations so long as (i) there is no Default
or Event of Default existing either immediately before or after giving effect to the incurrence of such Additional Obligations; (ii) after giving effect to the incurrence of such Additional Obligations, Holdings shall be in compliance with a
Fixed Charge Coverage Ratio of not less than 1.00 to 1.00 for the Test Period then most recently ended on a Pro Forma Basis as if such incurrence of Indebtedness had occurred on the first day of (and had remained outstanding throughout) such Test
Period, (iii) after giving effect to the incurrence of such Additional Obligations, Holdings shall be in compliance with a Total Leverage Ratio of no greater than 5.00 to 1.00 for the Test Period then most recently ended on a Pro Forma Basis as
if such incurrence of Indebtedness had occurred on the last day of such Test Period; provided that clauses (ii) and (iii) shall not apply to the incurrence of Additional Obligations in an aggregate amount of up to $150,000,000 so
long as 100% of the net cash proceeds therefrom are applied to repay outstanding Revolving Loans; and 
 (q) so long as no Default or
Event of Default then exists or would result therefrom, additional unsecured Indebtedness not otherwise permitted by this Section 10.04 incurred by the Borrower and the Restricted Subsidiaries (which may be guaranteed on a like basis by
Holdings) in an aggregate principal amount not to exceed $10,000,000 at any time outstanding. 
 10.05. Advances, Investments and
Loans. Holdings will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, lend money or credit or make advances to any Person, or purchase or acquire any stock, obligations or securities of, or any other Equity
Interest in, or make any capital contribution to, any other Person, or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or
hold any cash or Cash Equivalents (each of the foregoing an “Investment” and, collectively, “Investments”), except that the following shall be permitted: 

(a) the Borrower and its Restricted Subsidiaries may acquire and hold accounts receivables owing to any of them, if created or acquired in
the ordinary course of business and payable or dischargeable in accordance with customary trade terms of the Borrower or such Restricted Subsidiary; 

(b) Holdings and its Restricted Subsidiaries may acquire and hold cash and Cash Equivalents; 

(c) Holdings and its Restricted Subsidiaries may hold the Investments held by them on the Effective Date and described on Schedule
10.05; provided that any additional Investments made with respect thereto shall be permitted only if permitted under the other provisions of this Section 10.05; 

  
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 (d) the Borrower and its Restricted Subsidiaries may acquire and own investments (including
debt obligations) received in connection with the bankruptcy or reorganization of suppliers and customers and in good faith settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of
business; 
 (e) the Borrower and its Restricted Subsidiaries may make loans and advances to their officers, directors and employees for
moving, relocation and travel expenses and other similar expenditures, in each case in the ordinary course of business in an aggregate amount not to exceed $1,000,000 at any time (determined without regard to any write-downs or write-offs of such
loans and advances); 
 (f) Holdings and its Restricted Subsidiaries may acquire and hold obligations of their officers, directors and
employees in connection with such officers’, directors’ and employees’ acquisition of shares of Holdings Common Stock (so long as no cash is actually advanced by Holdings or any of its Restricted Subsidiaries in connection with the
acquisition of such obligations); 
 (g) the Borrower and its Restricted Subsidiaries may enter into Interest Rate Protection Agreements
and Other Hedging Agreements to the extent permitted by Section 10.04(c); 
 (h) (i) any Credit Party may make
intercompany loans and advances to any other Credit Party (other than Holdings), (ii) any Restricted Subsidiary of the Borrower which is not a Credit Party may make intercompany loans and advances (x) to any Credit Party (other than
Holdings) or (y) to any other Restricted Subsidiary which is not a Credit Party and (iii) any Credit Party may make intercompany loans and advances to any Subsidiary of the Borrower which is not a Credit Party (such intercompany loans and
advances referred to in preceding clauses (i), (ii) and (iii), collectively, the “Intercompany Loans”); provided that (A) the Intercompany Loans made pursuant to the preceding clause (iii) may only be made if
the Payment Conditions are satisfied both before and after giving effect to such Intercompany Loan, (B) each Intercompany Loan shall be evidenced by an Intercompany Note, (C) each such Intercompany Note owned or held by a Credit Party
shall be pledged to the Collateral Agent pursuant to the Pledge Agreement, (D) each Intercompany Loan made to a Credit Party shall be subject to the subordination provisions attached as an Annex to the respective Intercompany Note and
(E) any Intercompany Loans made to any Credit Party or other Restricted Subsidiary of the Borrower pursuant to this clause (h) shall cease to be permitted by this clause (h) if such Credit Party or other Restricted Subsidiary of the
Borrower ceases to constitute a Credit Party or a Restricted Subsidiary of the Borrower, as the case may be; 
 (i) (i) Holdings
may make contributions to the Borrower, (ii) the Qualified Credit Parties may make cash capital contributions to, or acquire Equity Interests of, any other Qualified Credit Party (other than the Borrower), (iii) any Restricted Subsidiary
of the Borrower that is not a Credit Party may make cash capital contributions to, or acquire Equity Interests of, other Restricted Subsidiaries of the Borrower that are not Credit Parties and (iv) any Qualified Credit Party may make cash
capital contributions to, or acquire Equity Interests of, any Subsidiary that is not a Credit Party; provided that (A) in the case of clause (iv), the Payment Conditions are satisfied both before and after giving effect to such cash
contribution or acquisition, (B) any security interest granted to the Collateral Agent for the benefit of the Secured Creditors pursuant to the Security Documents in any assets so contributed shall remain in full force and effect and perfected
(to at least the same extent as in effect immediately prior to such contribution) and all actions required to maintain said perfected status have been taken and (C) any Investment made in or to any Qualified Credit Party or any other Restricted
Subsidiary of the Borrower pursuant to this clause (i) shall cease to be permitted hereunder if such Qualified Credit Party or other Restricted Subsidiary of the Borrower ceases to constitute a Qualified Credit Party or a Restricted Subsidiary
of the Borrower, as the case may be; 

  
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 (j) Holdings and its Restricted Subsidiaries may own the Equity Interests of their respective
Subsidiaries created or acquired in accordance with the terms of this Agreement (so long as all amounts invested in such Subsidiaries are independently justified under another provision of this Section 10.05); 

(k) Contingent Obligations permitted by Section 10.04, to the extent constituting Investments; 

(l) Permitted Acquisitions shall be permitted in accordance with the requirements of Section 9.14; 

(m) the Borrower and its Restricted Subsidiaries may receive and hold promissory notes and other non-cash consideration received in connection
with any asset sale permitted by Section 10.02(e) and (r); 
 (n) to the extent constituting Investments,
transactions permitted by Sections 10.02(i), (j) and (k); 
 (o) the Borrower and its Restricted Subsidiaries
may make advances in the form of a prepayment of expenses to vendors, suppliers and trade creditors, so long as such expenses were incurred in the ordinary course of business of the Borrower or such Restricted Subsidiary; 

(p) so long as the Payment Conditions are satisfied both before and after giving effect to such Investments, the Borrower and its
Restricted Subsidiaries may make additional Investments not otherwise permitted under this Section 10.05; 
 (q) the Acquisition;

 (r) so long as the conditions set forth in clauses (i), (ii)(2) and (iv) of the definition of Payment Conditions are satisfied both
before and after giving effect to such Investment, the Borrower and its Restricted Subsidiaries may make additional Investments not otherwise permitted by this Section 10.05 with the proceeds of any cash capital contribution by the
Sponsor to Holdings after the Effective Date that is contributed by Holdings to the Borrower; and 
 (s) Investments by Insurance Captive to
the extent permitted by Section 10.11(c). 
 10.06. Transactions with Affiliates. Holdings will not, and will not permit
any of its Restricted Subsidiaries to, enter into any transaction or series of related transactions with any Affiliate of Holdings or any of its Restricted Subsidiaries, other than on terms and conditions substantially as favorable to Holdings or
such Restricted Subsidiary as would reasonably be obtained by Holdings or such Restricted Subsidiary at that time in a comparable arm’s-length transaction with a Person other than an Affiliate, except that the following in any event shall be
permitted: 
 (a) Dividends may be paid to the extent provided in Section 10.03; 

(b) loans may be made and other transactions may be entered into by Holdings and its Restricted Subsidiaries to the extent permitted by
Sections 10.02, 10.04, 10.05 and 10.10; 
 (c) customary fees, indemnities and reimbursements may be paid to
non-officer directors of Holdings and its Restricted Subsidiaries; 

  
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 (d) Holdings may issue Holdings Common Stock and Qualified Preferred Stock; 

(e) Holdings and its Restricted Subsidiaries may enter into, and may make payments under, employment agreements, employee benefits plans, stock
option plans, indemnification provisions and other similar compensatory arrangements with officers, employees and directors of Holdings and its Restricted Subsidiaries in the ordinary course of business; 

(f) Subsidiaries of the Borrower may pay management fees, licensing fees and similar fees to the Borrower; 

(g) so long as no Default or Event of Default then exists or would result therefrom, the Borrower may pay management fees to the Sponsor
and its Affiliates and associated management companies annually in arrears in an aggregate for all such Persons taken together not to exceed the fees set forth in the Sponsor Management Agreement as in effect on the date hereof; provided that
if at any time any such management fees to the Sponsor and its Affiliates are not permitted to be paid as a result of the existence of a Default or an Event of Default, then (x) such amounts shall continue to accrue (without interest), and
(y) any such amounts that have accrued but which were not permitted to be paid may be paid in any subsequent quarter, so long as no Default or Event of Default exists or would result from such payment at the time of the making of such payment;
and 
 (h) the Borrower may reimburse the Sponsor and its Affiliates and associated management companies for their reasonable
out-of-pocket expenses incurred in connection with their providing management services to Holdings and its Subsidiaries. 
 10.07. Fixed
Charge Coverage Ratio. During each Compliance Period, Holdings shall not permit (i) the Fixed Charge Coverage Ratio for the last Test Period ended prior to the beginning of such Compliance Period for which financial statements are available
to be less than 1.00:1.00, (ii) the Fixed Charge Coverage Ratio for any Test Period for which financial statements first become available during such Compliance Period to be less than 1.00:1.00 or (iii) the Fixed Charge Coverage Ratio for
any Test Period ending during such Compliance Period (or before such Compliance Period and after the Test Period referenced in clause (i) above) to be less than 1.00:1.00. Within three (3) Business Days after the beginning of a Compliance
Period, Holdings shall provide to the Administrative Agent a compliance certificate (whether or not a Compliance Period is in effect on the date such compliance certificate is required to be delivered) calculating the Fixed Charge Coverage Ratio for
the Test Period for which financial statements are required to be delivered ended immediately prior to the beginning of such Compliance Period based on the most recent financial statements required to be delivered pursuant to
Section 9.01(a). 
 10.08. Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; Limitations on
Payments, etc. Holdings will not, and will not permit any of its Restricted Subsidiaries to: 
 (a) make (or give any notice in
respect of) any voluntary or optional payment or prepayment on or redemption, repurchase or acquisition for value of, or any prepayment or redemption as a result of any change of control or similar event, asset sale, insurance or condemnation event,
debt issuance, equity issuance, capital contribution or similar required “repurchase” event of (including, in each case without limitation, by way of depositing with the trustee with respect thereto or any other Person money or securities
before due for the purpose of paying when due), any Senior Secured Note, any Additional Obligations or any Refinancing Senior Secured Note; provided, however, (x) the Borrower may deposit proceeds of Senior Secured Notes Priority
Collateral in the Asset Sale Proceeds Account and may redeem outstanding Senior Secured Notes, Additional Obligations or Refinancing Senior Secured 

  
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 Notes, in each case as, and to the extent, required by the Senior Secured Notes Indenture, the Additional
Obligations Documents or the Refinancing Senior Secured Notes Indenture, as the case may be, and (y) the Borrower may make any payment or prepayment on, or redemption or acquisition for value of, any Senior Secured Notes, any Additional
Obligations or any Refinancing Senior Secured Notes not otherwise permitted under this Section 10.08, so long as the Payment Conditions are satisfied both before and after giving effect to such payment, prepayment, redemption or
acquisition for value 
 (b) amend, modify, change or waive any term or provision of any Senior Secured Notes Document, any Additional
Obligations Document or any Refinancing Senior Secured Note Document in a manner which is adverse to the interests of the Lenders in any material respect or in a manner which is prohibited by the terms of the Intercreditor Agreement;
provided, however, in the case of any Additional Obligations that are subordinated Indebtedness, any amendment, modification, change or waiver of any subordination provision contained in any Additional Obligations Documents shall
require the prior written consent of the Administrative Agent; 
 (c) amend, modify or change its certificate or articles of
incorporation (including, without limitation, by the filing or modification of any certificate or articles of designation), certificate of formation, limited liability company agreement or by-laws (or the equivalent organizational documents), as
applicable, or any agreement entered into by it with respect to its capital stock or other Equity Interests (including any Shareholders’ Agreement), or enter into any new agreement with respect to its capital stock or other Equity Interests,
unless such amendment, modification, change or other action contemplated by this clause (c) could not reasonably be expected to be adverse to the interests of the Lenders in any material respect; 

(d) amend, modify or change any provision of (i) any Management Agreement (including the Sponsor Management Agreement) unless such
amendment, modification or change could not reasonably be expected to be adverse to the interests of the Lenders (although no amendment, modification or change may be made to any monetary term thereof) or (ii) any Tax Sharing Agreement or enter
into any new tax sharing agreement, tax allocation agreement or similar agreement without the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed); 

(e) make (or give any notice in respect of) any principal, interest or other payment on, or any redemption or acquisition for value of,
any Shareholder Subordinated Note, except to the extent permitted by Section 10.03(f); or 
 (f) amend, modify or waive or
permit the amendment, modification or waiver of any provision of any Shareholder Subordinated Note. 
 10.09. Limitation on Certain
Restrictions on Subsidiaries. Holdings will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of
any such Restricted Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other Equity Interest or participation in its profits owned by Holdings or any of its Restricted Subsidiaries, or pay any
Indebtedness owed to Holdings or any of its Restricted Subsidiaries, (b) make loans or advances to Holdings or any of its Restricted Subsidiaries or (c) transfer any of its properties or assets to Holdings or any of its Restricted
Subsidiaries, except for such encumbrances or restrictions existing under or by reason of (i) applicable law (including insurance laws and regulations applicable to Insurance Captive), (ii) this Agreement and the other Credit Documents,
(iii) the Senior Secured Notes Indenture and the other Senior Secured Notes Documents, (iv) the Additional Obligations Documents, (v) the Refinancing Senior Secured Notes Indenture and the other Refinancing Senior Secured Notes
Documents, (vi) 

  
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 customary provisions restricting subletting or assignment of any lease governing any leasehold interest of
Holdings or any of its Restricted Subsidiaries, (vii) customary provisions restricting assignment of any licensing agreement (in which Holdings or any of its Restricted Subsidiaries is the licensee) or other contract entered into by Holdings or
any of its Restricted Subsidiaries in the ordinary course of business, (viii) restrictions on the transfer of any asset pending the close of the sale of such asset, (ix) restrictions on the transfer of any asset subject to a Lien permitted
by Section 10.01(c), (f), or (g), (x) any agreement or instrument governing Indebtedness incurred under Section 10.04(g), which encumbrance or restriction is not applicable to any Person or the properties
or assets of any Person, other than the Person or the properties or assets of the Person acquired pursuant to the respective Permitted Acquisition and so long as the respective encumbrances or restrictions were not created (or made more restrictive)
in connection with or in anticipation of the respective Permitted Acquisition, (xi) restrictions applicable to any joint venture that is a Subsidiary existing at the time of the acquisition thereof as a result of an Investment pursuant to
Section 10.05 or a Permitted Acquisition effected in accordance with Section 9.14; provided that the restrictions applicable to such joint venture are not made more burdensome, from the perspective of the Borrower and
its Restricted Subsidiaries, than those as in effect immediately before giving effect to the consummation of the respective Investment or Permitted Acquisition, (xii) encumbrances or restrictions on cash or other deposits or net worth imposed
by customers under agreements entered into in the ordinary course of business, and (xiii) effecting a renewal, extension, refinancing, refund or replacement (or successive extensions, renewals, refinancings, refunds or replacements) of
Indebtedness issued under an agreement referred to in clause (x) above, so long as the restrictions and conditions contained in any such renewal, extension, refinancing, refund or replacement agreement, taken as a whole, are not materially more
restrictive than the restrictions and conditions contained in the original agreement, as determined in good faith by the board of directors of the Borrower or the applicable Subsidiary. 

10.10. Limitation on Certain Issuances of Equity Interests. (a) Holdings will not, and will not permit any of its Restricted
Subsidiaries to, issue (i) any Preferred Equity or (ii) any redeemable common stock or other redeemable common Equity Interests other than (x) common stock or other redeemable common Equity Interests that is or are redeemable at the
sole option of Holdings or such Restricted Subsidiary, as the case may be and (y) Qualified Preferred Stock of Holdings. 

(b) Holdings will not permit any of its Restricted Subsidiaries to issue any capital stock or other Equity Interests (including
by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, capital stock or other Equity Interests, except (i) for transfers and replacements of then outstanding shares of capital stock or other
Equity Interests, (ii) for stock splits, stock dividends and other issuances which do not decrease the percentage ownership of Holdings or any of its Restricted Subsidiaries in any class of the capital stock or other Equity Interests of such
Restricted Subsidiary, (iii) in the case of Foreign Subsidiaries of Holdings, to qualify directors to the extent required by applicable law and for other nominal share issuances to Persons other than Holdings and its Restricted Subsidiaries to
the extent required under applicable law and (iv) for issuances by Restricted Subsidiaries of the Borrower which are newly created or acquired in accordance with the terms of this Agreement. 

10.11. Business; etc. (a) Holdings will not, and will not permit any of its Restricted Subsidiaries to, engage directly or
indirectly in any business other than the businesses engaged in by Holdings and its Restricted Subsidiaries as of the Effective Date and reasonable extensions thereof and businesses ancillary or complimentary thereto. 

(b) Notwithstanding the foregoing or anything else in this Agreement to the contrary, Holdings will not engage in any business
or own any significant assets or have any Indebtedness other than (i) (x) its ownership of the Equity Interests of the Borrower and (y) holding cash and Cash Equivalents at any time (together with any investment income thereon), so
long as the 

  
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same are promptly paid, distributed, contributed and/or on lent to other Persons in accordance with Sections 10.03, 10.05 or 10.06, as applicable, and (ii) such
Indebtedness which it is responsible for under this Agreement and the other Credit Documents to which it is a party and such other Indebtedness that Holdings is permitted to incur in accordance with Section 10.04; provided that
Holdings may engage in those activities that are incidental to (x) the maintenance of its existence in compliance with applicable law and (y) legal, tax and accounting matters in connection with any of the foregoing activities. 

(c) Notwithstanding the foregoing or anything else in this Agreement to the contrary, Insurance Captive does not and will not
own any material assets (other than (i) reinsurance treaties and assets incidental thereto and (ii) cash, Cash Equivalents, Investments set forth on Schedule 10.05 on the Effective Date, Intercompany Loans and other assets that are
“admitted assets” under the laws of the State of South Carolina in an aggregate amount not to exceed $2,500,000 or such higher amount from time to time required to be held as “admitted assets” under the laws of the State of South
Carolina) nor engage in operations, business or activity other than in connection with providing insurance coverage in respect of the Borrower and its Restricted Subsidiaries and their respective properties to the extent such insurance is 100%
reinsured by reputable and solvent insurance companies, and such activities that are incidental or reasonably related thereto. 
 10.12.
Limitation on Creation of Subsidiaries. (a) Holdings will not, and will not permit any of its Restricted Subsidiaries to, establish, create or acquire after the Effective Date any Subsidiary (other than Non-Wholly-Owned Subsidiaries that
are Restricted Subsidiaries permitted to be established, created or acquired in accordance with the requirements of Section 10.12(b)); provided that (A) the Borrower and any of its Wholly-Owned Subsidiaries that are
Restricted Subsidiaries shall be permitted to establish, create and, to the extent permitted by this Agreement, acquire Wholly-Owned Subsidiaries that are Unrestricted Subsidiaries, so long as (i) at least 10 days’ prior written notice
thereof is given to the Administrative Agent (or such shorter period of time as is acceptable to the Administrative Agent in any given case), (ii) the capital stock or other Equity Interests of such new Unrestricted Subsidiary held by any
Credit Party are promptly pledged pursuant to, and to the extent required by, this Agreement and the Pledge Agreement and the certificates, if any, representing such Equity Interests, together with stock or other appropriate powers duly executed in
blank, are delivered to the Collateral Agent as, and to the extent required by, the Pledge Agreement (but otherwise subject to the Intercreditor Agreement), (iii) all Investments by the Borrower and its Restricted Subsidiaries in such
Unrestricted Subsidiary are permitted pursuant to Section 10.05 and (iv) all requirements of the definition of Unrestricted Subsidiary and Section 9.18 have been satisfied, and (B) the Borrower and its Restricted
Subsidiaries shall be permitted to establish, create and, to the extent permitted by this Agreement, acquire Wholly-Owned Subsidiaries that are Restricted Subsidiaries, so long as, in each case, (i) at least 10 days’ prior written notice
thereof is given to the Administrative Agent (or such shorter period of time as is acceptable to the Administrative Agent in any given case), (ii) the capital stock or other Equity Interests of such new Subsidiary are promptly pledged pursuant
to, and to the extent required by, this Agreement and the Pledge Agreement and the certificates, if any, representing such stock or other Equity Interests, together with stock or other appropriate powers duly executed in blank, are delivered to the
Collateral Agent (but otherwise subject to the Intercreditor Agreement), (iii) each such new Wholly-Owned Domestic Subsidiary (other than and Excluded Subsidiary) becomes a party to each of the Security Agreement, the Pledge Agreement, the
Intercreditor Agreement and the Subsidiaries Guaranty by executing and delivering to the Administrative Agent a counterpart of a Joinder Agreement and (iv) each such new Wholly-Owned Domestic Subsidiary (other than and Excluded Subsidiary), to
the extent requested by the Administrative Agent or the Required Lenders, takes all actions required pursuant to Section 9.12. In addition, each new Wholly-Owned Domestic Subsidiary (other than an Excluded Subsidiary) that is required to
execute any Credit Document shall execute and deliver, or cause to be executed and delivered, all other relevant documentation (including opinions of counsel to the extent 

  
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reasonably requested by the Administrative Agent) of the type described in Sections 6.03, 6.04, 6.08, 6.09, 6.10, 6.11 and 6.17 as such new
Wholly-Owned Domestic Subsidiary would have had to deliver if such new Wholly-Owned Subsidiary were a Credit Party on the Effective Date. 

(b) In addition to Subsidiaries of the Borrower permitted to be created pursuant to preceding clause (a), the Borrower and its
Restricted Subsidiaries may establish, acquire or create, and make Investments in, Non-Wholly-Owned Subsidiaries that are Restricted Subsidiaries of the Borrower after the Effective Date as a result of Permitted Acquisitions (subject to the
limitations contained in the definition thereof) and Investments expressly permitted to be made pursuant to Section 10.05; provided that, to the extent not (x) prohibited by a contract with or (y) requiring the consent
of, an unaffiliated third party, in each case after use of commercially reasonable efforts to obtain a waiver or consent, as applicable, from the applicable party, (i) all of the capital stock or other Equity Interests of each such
Non-Wholly-Owned Subsidiary shall be pledged by any Credit Party which owns same as, and to the extent, required by the Pledge Agreement and (ii) each such Domestic Subsidiary shall take the actions specified in Section 10.12(a) to
the same extent that such actions are required to be taken by a Wholly-Owned Domestic Subsidiary. 
 10.13. No Additional Deposit
Accounts; etc. Holdings will not, and will not permit any other Credit Party to, directly or indirectly, open, maintain or otherwise have any checking, savings, deposit, securities or other accounts at any bank or other financial institution
where cash or Cash Equivalents are or may be deposited or maintained with any Person, other than (a) the Concentration Accounts set forth on Part A of Schedule 10.13, (b) the Collection Accounts set forth on Part B of Schedule
10.13, (c) the Disbursement Accounts set forth on Part C of Schedule 10.13, (d) the other Deposit Accounts set forth on Part D of Schedule 10.13 and (e) the Excluded Deposit Accounts set forth on Part E of
Schedule 10.13; provided that the Borrower or any other Credit Party may open a new Concentration Account, Collection Account, Disbursement Account, other Deposit Account or Excluded Deposit Account not set forth in such Schedule
10.13, so long as prior to opening any such account (i) Holdings has delivered an updated Schedule 10.13 to the Administrative Agent listing such new account and (ii) in the case of any new Concentration Account, Collection
Account, Disbursement Account or other Deposit Account (other than an Excluded Deposit Account), the financial institution with which such account is opened, together with the applicable Credit Party which has opened such account and the Collateral
Agent have executed and delivered to the Administrative Agent a Cash Management Control Agreement reasonably acceptable to the Administrative Agent. 

SECTION 11. Events of Default. 

Upon the occurrence of any of the following specified events (each, an “Event of Default”): 

11.01. Payments. The Borrower shall (i) default in the payment when due of any principal of any Loan or any Note or any Unpaid
Drawing, or (ii) default, and such default shall continue unremedied for three (3) or more Business Days, in the payment when due of any interest on any Loan, Note or any Unpaid Drawing or any Fees or any other amounts owing hereunder or
under any other Credit Document; or 
 11.02. Representations, etc. Any representation, warranty or statement made or deemed made by
any Credit Party herein or in any other Credit Document or in any certificate delivered to the Administrative Agent or any Lender pursuant hereto or thereto shall prove to be untrue in any material respect (or any respect, to the extent qualified by
materiality or Material Adverse Effect) on the date as of which made or deemed made; or 

  
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 11.03. Covenants. Holdings or any of its Restricted Subsidiaries shall (i) default in
the due performance or observance by it of any term, covenant or agreement contained in Section 5.03(d), 9.01(g)(i), 9.01(j), 9.03(c), 9.04, 9.11, 9.13, 9.14, 9.18 or
Section 10 or (ii) default in the due performance or observance by it of any other term, covenant or agreement contained in this Agreement (other than those set forth in Sections 11.01 and 11.02) and such default shall
continue unremedied for a period of 30 days after the earlier of (a) the date on which such default shall first become known to any Responsible Officer of the Borrower or any other Credit Party or (b) the date on which written notice
thereof is given to the defaulting party by the Administrative Agent or the Required Lenders; or 
 11.04. Default Under Other
Agreements. (a) Holdings or any of its Restricted Subsidiaries shall (i) default in any payment of any Indebtedness (other than the Obligations) beyond the period of grace, if any, provided in an instrument or agreement under which
such Indebtedness was created or (ii) default in the observance or performance of any agreement or condition relating to any Indebtedness (other than the Obligations) or contained in any instrument or agreement evidencing, securing or relating
thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to
cause (determined without regard to whether any notice is required), any such Indebtedness to become due prior to its Stated Maturity, or (b) any Indebtedness (other than the Obligations) of Holdings or any of its Restricted Subsidiaries shall
be declared to be (or shall become) due and payable, or required to be prepaid other than by a regularly scheduled required prepayment, prior to the Stated Maturity thereof; provided that it shall not be a Default or an Event of Default under
this Section 11.04 unless the aggregate principal amount of all Indebtedness as described in preceding clauses (a) and (b) is at least equal to the Threshold Amount; or 

11.05. Bankruptcy, etc. Holdings or any of its Restricted Subsidiaries shall commence a voluntary case concerning itself under Title 11
of the United States Code entitled “Bankruptcy,” as now or hereafter in effect, or any successor thereto (the “Bankruptcy Code”); or an involuntary case is commenced against Holdings or any of its Restricted Subsidiaries,
and the petition is not controverted within 10 days, or is not dismissed within 45 days after the filing thereof, provided, however, that during the pendency of such period, each Lender shall be relieved of its obligation to extend credit hereunder;
or a custodian (as defined in the Bankruptcy Code) is appointed for, or takes charge of, all or substantially all of the property of Holdings or any of its Restricted Subsidiaries, to operate all or any substantial portion of the business of
Holdings or any of its Restricted Subsidiaries, or Holdings or any of its Restricted Subsidiaries commences any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or
similar law of any jurisdiction whether now or hereafter in effect relating to Holdings or any of its Restricted Subsidiaries, or there is commenced against Holdings or any of its Restricted Subsidiaries any such proceeding which remains undismissed
for a period of 45 days after the filing thereof, or Holdings or any of its Restricted Subsidiaries is adjudicated insolvent or bankrupt; or any order of relief or other order approving any such case or proceeding is entered; or Holdings or any of
its Restricted Subsidiaries makes a general assignment for the benefit of creditors; or any Business action is taken by Holdings or any of its Restricted Subsidiaries for the purpose of effecting any of the foregoing; or 

11.06. ERISA. 

(a) One or more ERISA Events shall have occurred; 

(b) there is or arises an Unfunded Pension Liability (taking into account only Plans with positive Unfunded Pension Liability);

  
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 (c) any material contribution required to made with respect to a Foreign Pension
Plan has not been timely made; or 
 (d) there is or arises any withdrawal liability under Section 4201 of ERISA,
if Holdings, any Restricted Subsidiary of Holdings or the ERISA Affiliates withdraw from any and all Multiemployer Plans; 
 and the liability of any or all
of Holdings, any Restricted Subsidiary of Holdings and the ERISA Affiliates contemplated by the foregoing clauses (a), (b), (c) and (d), either individually or in the aggregate, has had, or could be reasonably expected to have, a Material
Adverse Effect; or 
 11.07. Security Documents. Any of the Security Documents shall cease to be in full force and effect, or shall
cease to give the Collateral Agent for the benefit of the Secured Creditors (other than pursuant to the terms hereof or thereof) a perfected security interest in, and Lien on, all of the Collateral covered thereby (other than immaterial portions of
the Collateral), in favor of the Collateral Agent, superior to and prior to the rights of all third Persons (except as permitted by Section 10.01), and subject to no other Liens (except as permitted by Section 10.01), or any
Credit Party shall default in the due performance or observance of any term, covenant or agreement on its part to be performed or observed pursuant to any such Security Document and such default shall continue beyond the period of grace, if any,
specifically applicable thereto pursuant to the terms of such Security Document; or 
 11.08. Guaranties. Any Guaranty or any
provision thereof shall cease to be in full force or effect as to any Guarantor (except as a result of a release of any Subsidiary Guarantor in accordance with the terms thereof), or any Guarantor or any Person acting for or on behalf of such
Guarantor shall deny or disaffirm such Guarantor’s obligations under the Guaranty to which it is a party or any Guarantor shall default in the due performance or observance of any term, covenant or agreement on its part to be performed or
observed pursuant to the Guaranty to which it is a party; or 
 11.09. Judgments. One or more judgments or decrees shall be entered
against Holdings or any Restricted Subsidiary of Holdings involving in the aggregate for Holdings and its Restricted Subsidiaries a liability (to the extent not paid or not covered by a reputable and solvent insurance company) and such judgments and
decrees either shall be final and non-appealable or shall not be vacated, discharged or stayed or bonded pending appeal for any period of 30 consecutive days, and the aggregate amount of all such judgments equals or exceeds the Threshold Amount; or

 11.10. Change of Control. A Change of Control shall occur; or 

11.11. Intercreditor Agreement. The Intercreditor Agreement or any material provision thereof shall cease to be in full force or effect
(except in accordance with its terms), any parties thereto shall deny or disaffirm their respective obligations thereunder or any parties thereto shall default in the due performance or observance of any term, covenant or agreement on their part to
be performed or observed pursuant to the terms thereof; 
 then, and in any such event, and at any time thereafter, if any Event of Default shall then be
continuing, the Administrative Agent, upon the written request of the Required Lenders, shall by written notice to the Borrower, take any or all of the following actions, without prejudice to the rights of the Administrative Agent, any Lender or the
holder of any Note to enforce its claims against any Credit Party (provided that, if an Event of Default specified in Section 11.05 shall occur with respect to the Borrower, the result which would occur upon the giving of written notice
by the Administrative Agent as specified in clauses (a) and (b) below, shall occur automatically without the giving of any such notice): (a) declare the Total Revolving Loan Commitment terminated, whereupon the Revolving Loan
Commitment of each Lender 

  
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shall forthwith terminate immediately and any Commitment Commission shall forthwith become due and payable without any other notice of any kind; (b) declare the principal of and any accrued
interest in respect of all Loans and the Notes and all Obligations owing hereunder and thereunder to be, whereupon the same shall become, forthwith due and payable without presentment, demand, protest or other notice of any kind, all of which are
hereby waived by each Credit Party; (c) terminate any Letter of Credit which may be terminated in accordance with its terms; (d) direct the Borrower to pay (and the Borrower agrees that upon receipt of such notice, or upon the occurrence
of an Event of Default specified in Section 11.05 with respect to the Borrower, it will pay) to the Collateral Agent at the Payment Office such additional amount of cash or Cash Equivalents, to be held as security by the Collateral
Agent, as is equal to the aggregate Stated Amount of all Letters of Credit issued for the account of the Borrower and then outstanding; (e) enforce, as Collateral Agent, all of the Liens and security interests created pursuant to the Security
Documents; (f) enforce each Guaranty; and (g) apply any cash collateral held by the Administrative Agent pursuant to Section 5.02 to the repayment of the Obligations. 

SECTION 12. The Administrative Agent and the Collateral Agent. 

12.01. Appointment. The Lenders hereby irrevocably designate and appoint (i) Deutsche Bank Trust Company Americas as Administrative
Agent (for purposes of this Section 12 and Section 13.01, the term “Administrative Agent” also shall include Deutsche Bank Trust Company Americas in its capacity as Collateral Monitor under this Agreement and as
Collateral Agent pursuant to the Security Documents and the Intercreditor Agreement) and (ii) each of Citibank, N.A. and Wells Fargo Bank, National Association as Collateral Monitors, in each case to act as specified herein and in the other
Credit Documents. Each Lender hereby irrevocably authorizes, and each holder of any Note by the acceptance of such Note shall be deemed irrevocably to authorize the Administrative Agent to take such action on its behalf under the provisions of this
Agreement, the other Credit Documents and any other instruments and agreements referred to herein or therein and to exercise such powers and to perform such duties hereunder and thereunder as are specifically delegated to or required of the
Administrative Agent by the terms hereof and thereof and such other powers as are reasonably incidental thereto. The Administrative Agent may perform any of its duties hereunder or under the other Credit Documents by or through its officers,
directors, agents, employees or affiliates. 
 12.02. Nature of Duties. (a) The Administrative Agent in its capacity as such shall not
have any duties or responsibilities except those expressly set forth in this Agreement and in the other Credit Documents. Neither the Administrative Agent in its capacity as such nor any of its officers, directors, agents, employees or affiliates
shall be liable for any action taken or omitted by it or them hereunder or under any other Credit Document or in connection herewith or therewith, unless caused by its or their gross negligence or willful misconduct (as determined by a court of
competent jurisdiction in a final and non-appealable decision). The duties of the Administrative Agent shall be mechanical and administrative in nature; the Administrative Agent shall have by reason of this Agreement or any other Credit Document a
fiduciary relationship in respect of any Lender or the holder of any Note; and nothing in this Agreement or in any other Credit Document, expressed or implied, is intended to or shall be so construed as to impose upon the Administrative Agent any
obligations in respect of this Agreement or any other Credit Document except as expressly set forth herein or therein. 

(b) Notwithstanding any other provision of this Agreement or any provision of any other Credit Document, each Lead
Arranger, the Syndication Agent and the Co-Documentation Agents are named as such for recognition purposes only, and in its capacity as such shall have no powers, duties, responsibilities or liabilities with respect to this Agreement or the other
Credit Documents or the transactions contemplated hereby and thereby; it being understood and agreed that each Lead Arranger, the Syndication Agent and the Co-Documentation Agents shall be entitled to all indemnification and reimbursement rights in
favor of the Administrative Agent as, and to the extent, 

  
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provided for under Sections 12.06 and 13.01. Without limitation of the foregoing, no Lead Arranger nor the Syndication Agent or Co-Documentation Agents shall, solely by reason of
this Agreement or any other Credit Documents, have any fiduciary relationship in respect of any Lender, any Credit Party or any other Person. 

12.03. Lack of Reliance on the Administrative Agent. Independently and without reliance upon the Administrative Agent, each Lender and
the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (a) its own independent investigation of the financial condition and affairs of Holdings and its Subsidiaries in connection with the making and the
continuance of the Loans and the taking or not taking of any action in connection herewith and (b) its own appraisal of the creditworthiness of Holdings and its Subsidiaries and, except as expressly provided in this Agreement, the
Administrative Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender or the holder of any Note with any credit or other information with respect thereto, whether coming into its possession
before the making of the Loans or at any time or times thereafter. The Administrative Agent shall not be responsible to any Lender or the holder of any Note for any recitals, statements, information, representations or warranties herein or in any
document, certificate or other writing delivered in connection herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectability, priority or sufficiency of this Agreement or any other Credit Document or
the financial condition of Holdings or any of its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of this Agreement or any other Credit Document, or the
financial condition of Holdings or any of its Subsidiaries or the existence or possible existence of any Default or Event of Default. 

12.04. Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Required Lenders with
respect to any act or action (including failure to act) in connection with this Agreement or any other Credit Document, the Administrative Agent shall be entitled to refrain from such act or taking such action unless and until the Administrative
Agent shall have received instructions from the Required Lenders; and the Administrative Agent shall not incur liability to any Lender by reason of so refraining. Without limiting the foregoing, neither any Lender nor the holder of any Note shall
have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder or under any other Credit Document in accordance with the instructions of the Required Lenders.

 12.05. Reliance. The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any note,
writing, resolution, notice, statement, certificate, telex, teletype or telecopier message, cablegram, radiogram, order or other document or telephone message signed, sent or made by any Person that the Administrative Agent believed to be the proper
Person, and, with respect to all legal matters pertaining to this Agreement and any other Credit Document and its duties hereunder and thereunder, upon advice of counsel selected by the Administrative Agent. 

12.06. Indemnification. To the extent the Administrative Agent (or any affiliate thereof) is not reimbursed and indemnified by the
Borrower, the Lenders will reimburse and indemnify the Administrative Agent (and any affiliate thereof) in proportion to their respective “percentage” as used in determining the Required Lenders (determined as if there were no Defaulting
Lenders) for and against any and all liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs, expenses or disbursements of whatsoever kind or nature which may be imposed on, asserted against or incurred by the
Administrative Agent (or any affiliate thereof) in performing its duties hereunder or under any other Credit Document or in any way relating to or arising out of this Agreement or any other Credit Document; provided that no Lender shall be
liable for any portion of such liabilities, obligations, losses, damages, penalties, claims, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s (or such affiliate’s) gross negligence or
willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). 

  
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 12.07. The Administrative Agent in its Individual Capacity. With respect to its obligation
to make Loans, or issue or participate in Letters of Credit, under this Agreement, the Administrative Agent shall have the rights and powers specified herein for a “Lender” and may exercise the same rights and powers as though it
were not performing the duties specified herein; and the term “Lender,” “Required Lenders,” “Supermajority Lenders” or any similar terms shall, unless the context clearly indicates otherwise,
include the Administrative Agent in its individual capacity. The Administrative Agent and its affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, investment banking, trust or other business with, or
provide debt financing, equity capital or other services (including financial advisory services) to any Credit Party or any Affiliate of any Credit Party (or any Person engaged in a similar business with any Credit Party or any Affiliate thereof) as
if they were not performing the duties specified herein, and may accept fees and other consideration from any Credit Party or any Affiliate of any Credit Party for services in connection with this Agreement and otherwise without having to account
for the same to the Lenders. 
 12.08. Holders. The Administrative Agent may deem and treat the payee of any Note as the owner thereof
for all purposes hereof unless and until a written notice of the assignment, transfer or endorsement thereof, as the case may be, shall have been filed with the Administrative Agent. Any request, authority or consent of any Person who, at the time
of making such request or giving such authority or consent, is the holder of any Note shall be conclusive and binding on any subsequent holder, transferee, assignee or endorsee, as the case may be, of such Note or of any Note or Notes issued in
exchange therefor. 
 12.09. Resignation by the Administrative Agent or a Collateral Monitor. (a) The Administrative Agent may
resign from the performance of all its functions and duties hereunder and/or under the other Credit Documents at any time by giving 30 Business Days’ prior written notice to the Lenders and, unless a Default or an Event of Default under
Section 11.05 then exists, the Borrower. Any such resignation by the Administrative Agent hereunder shall also constitute its resignation as an Issuing Lender and the Swingline Lender, in which case the resigning Administrative Agent
(x) shall not be required to issue any further Letters of Credit or make any additional Swingline Loans hereunder and (y) shall maintain all of its rights as Issuing Lender or Swingline Lender, as the case may be, with respect to any
Letters of Credit issued by it, or Swingline Loans made by it, prior to the date of such resignation. Such resignation shall take effect upon the appointment of a successor Administrative Agent pursuant to clauses (b) and (c) below or as
otherwise provided below. 
 (b) Upon any such notice of resignation by the Administrative Agent, the Required Lenders shall
appoint a successor Administrative Agent hereunder or thereunder who shall be a commercial bank or trust company reasonably acceptable to the Borrower, which acceptance shall not be unreasonably withheld or delayed (provided that the
Borrower’s approval shall not be required if an Event of Default then exists). 
 (c) If a successor Administrative
Agent shall not have been so appointed within such 30 Business Day period, the Administrative Agent, with the consent of the Borrower (which consent shall not be unreasonably withheld or delayed, provided that the Borrower’s consent shall not
be required if an Event of Default then exists), shall then appoint a successor Administrative Agent who shall serve as Administrative Agent hereunder or thereunder until such time, if any, as the Required Lenders appoint a successor Administrative
Agent as provided above. 

  
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 (d) If no successor Administrative Agent has been appointed pursuant to clause
(b) or (c) above by the 35th Business Day after the date such notice of resignation was given by the Administrative Agent, the Administrative Agent’s resignation shall become effective and the Required Lenders shall thereafter perform
all the duties of the Administrative Agent hereunder and/or under any other Credit Document until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided above. 

(e) Upon a resignation of the Administrative Agent pursuant to this Section 12.09, the Administrative Agent shall
remain indemnified to the extent provided in this Agreement and the other Credit Documents and the provisions of this Section 12 (and the analogous provisions of the other Credit Documents) shall continue in effect for the benefit of the
Administrative Agent for all of its actions and inactions while serving as an Agent hereunder. 
 (f) Any Collateral Monitor
may resign at any time upon written notice to the Borrower, the Administrative Agent and each Lender and the resignation of such Collateral Monitor shall become effective immediately upon the delivery of such written notice. 

(g) Upon any such resignation of a Collateral Monitor, at the option of the Borrower, the Administrative Agent shall
appoint a successor Collateral Monitor hereunder who shall be a Lender hereunder who has agreed to act in such capacity and who shall be reasonably acceptable to the Borrower. 

(h) Upon a resignation of any Collateral Monitor pursuant to Section 12.09(f), any Collateral Monitor shall remain
indemnified to the extent provided in this Agreement and the other Credit Documents and the provisions of this Section 12 (and the analogous provisions of the other Credit Documents) shall continue in effect for the benefit of such
Collateral Monitor for all of its actions and inactions while serving as such Collateral Monitor hereunder and under the other Credit Documents. 

12.10. Collateral Matters. (a) Each Lender authorizes and directs the Collateral Agent to enter into the Security Documents and the
Intercreditor Agreement for the benefit of the Lenders and the other Secured Creditors. Each Lender hereby agrees, and each holder of any Note by the acceptance thereof will be deemed to agree, that, except as otherwise set forth herein, any action
taken by the Required Lenders in accordance with the provisions of this Agreement, the Security Documents or the Intercreditor Agreement, and the exercise by the Required Lenders of the powers set forth herein or therein, together with such other
powers as are reasonably incidental thereto, shall be authorized and binding upon all of the Lenders. The Collateral Agent is hereby authorized on behalf of all of the Lenders, without the necessity of any notice to or further consent from any
Lender, from time to time prior to an Event of Default, to take any action with respect to any Collateral or Security Documents which may be necessary to perfect and maintain perfected the security interest in and liens upon the Collateral granted
pursuant to the Security Documents. 
 (b) The Lenders hereby consent to and authorize the Administrative Agent and
Collateral Agent, and hereby direct each of the Administrative Agent and Collateral Agent, as applicable, to (i) release any Restricted Subsidiary of the Borrower from its Guaranty if all of the Equity Interests of such Restricted Subsidiary
owned by any Credit Party are sold or transferred in a transaction permitted under the Credit Documents (including pursuant to a waiver or consent, but excluding any sale or transfer to a Subsidiary of Holdings), to the extent that, after giving
effect to such transaction, such Restricted Subsidiary would not be required to provide a guaranty hereunder and (ii) release any Lien granted to or held by the Collateral Agent upon any Collateral (A) upon termination of the Total
Revolving Loan Commitment (and all Letters of Credit) and payment and 

  
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 satisfaction of all of the Obligations (other than inchoate indemnification obligations) at any
time arising under or in respect of this Agreement or the Credit Documents or the transactions contemplated hereby or thereby, (B) constituting property being sold or otherwise disposed of (to Persons other than the Borrower and its Restricted
Subsidiaries) upon the sale or other disposition thereof in compliance with the penultimate sentence of Section 10.02, (C) if approved, authorized or ratified in writing by the Required Lenders (or all of the Lenders hereunder, to
the extent required by Section 13.12), (D) owned by a Subsidiary Guarantor upon release of such Subsidiary Guarantor from its obligations under its Subsidiaries Guaranty in accordance with the terms thereof, (E) upon
designation of a Restricted Subsidiary as an Unrestricted Subsidiary in accordance with the requirements of Section 9.18 with respect to Collateral of such Restricted Subsidiary or (F) as otherwise may be expressly provided in the
relevant Security Documents, the last sentence of each of Sections 10.01 and 10.02 or in the Intercreditor Agreement. Upon request by the Administrative Agent at any time, the Lenders will re-affirm in writing the Collateral
Agent’s authority to release particular types or items of Collateral pursuant to this Section 12.10 (it being understood that any failure of a Lender to provide such re-affirmation shall not cause any of the provisions of this
Section 12.10 to be deemed invalid or ineffective). 
 (c) The Collateral Agent shall have no obligation
whatsoever to the Lenders or to any other Person to assure that the Collateral exists or is owned by any Credit Party or is cared for, protected or insured or that the Liens granted to the Collateral Agent herein or pursuant hereto have been
properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise or to continue exercising at all or in any manner or under any duty of care, disclosure or fidelity any of the
rights, authorities and powers granted or available to the Collateral Agent in this Section 12.10 or in any of the Security Documents, it being understood and agreed that in respect of the Collateral, or any act, omission or event
related thereto, the Collateral Agent may act in any manner it may deem appropriate, in its sole discretion, given the Collateral Agent’s own interest in the Collateral as one of the Lenders and that the Collateral Agent shall have no duty or
liability whatsoever to the Lenders, except for its gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). 

12.11. Delivery of Information. The Administrative Agent shall not be required to deliver to any Lender originals or copies of any
documents, instruments, notices, communications or other information received by the Administrative Agent from any Credit Party, any Subsidiary thereof, the Required Lenders, any Lender or any other Person under or in connection with this Agreement
or any other Credit Document except (a) as specifically provided in this Agreement or any other Credit Document and (b) as specifically requested from time to time in writing by any Lender with respect to a specific document, instrument,
notice or other written communication received by and in the possession of the Administrative Agent at the time of receipt of such request and then only in accordance with such specific request. 

12.12. Collateral Monitors. If a Collateral Monitor proposes an adjustment or revision to Borrowing Base eligibility standards, advance
rates applicable to the Borrowing Base or Reserves, or makes any other proposal regarding a determination or action which may be made by the Collateral Monitors pursuant to this Agreement or any Credit Document, the other Collateral Monitors shall
respond to such proposal within three Business Days of its receipt of such written proposal. In the event that the Collateral Monitors cannot agree on Borrowing Base eligibility standards, advance rates applicable to the Borrowing Base or Reserves
or any other action or determination which may be made by the Collateral Monitors pursuant to the Agreement or any Credit Document, the consenting vote of two of the three Collateral Monitors shall be required; provided that if there are only two
Collateral Monitors at the time of such determination, the determination shall be made by the individual Collateral Monitor either asserting the more conservative credit judgment, the numerically larger Reserve or declining to permit the requested
action for which consent is being sought by the relevant Borrowers, as applicable. 

  
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 SECTION 13. Miscellaneous. 

13.01. Payment of Expenses, etc.The Borrower hereby agrees to: (a) whether or not the transactions herein contemplated are
consummated, pay all reasonable out-of-pocket costs and expenses (including Expenses) of the Administrative Agent and the Syndication Agent (including, without limitation, the reasonable fees and disbursements of White & Case LLP and one
(1) local law firm in each relevant jurisdiction (if applicable) and consultants and the fees and expenses in connection with the appraisals and collateral examinations delivered prior to the Effective Date required pursuant to
Section 9.01(l)) in connection with the preparation, execution, delivery and administration of this Agreement and the other Credit Documents and the documents and instruments referred to herein and therein and any amendment, waiver or
consent relating hereto or thereto, of the Administrative Agent, the Syndication Agent and their respective Affiliates in connection with its or their syndication efforts with respect to this Agreement and of the Administrative Agent and each
Issuing Lender in connection with the Letter of Credit Back Stop Arrangements entered into by such Persons and, after the occurrence of an Event of Default, each of the Administrative Agent, the Syndication Agent, the Issuing Lenders and Lenders in
connection with the enforcement of this Agreement and the other Credit Documents and the documents and instruments referred to herein and therein or in connection with any refinancing or restructuring of the credit arrangements provided under this
Agreement in the nature of a “work-out” or pursuant to any insolvency or bankruptcy proceedings (including, in each case without limitation, the reasonable fees and disbursements of one (1) primary counsel and one (1) local law
firm in each relevant jurisdiction (if applicable) and consultants for the Administrative Agent and the Syndication Agent and, after the occurrence of an Event of Default, one (1) counsel for the group of Issuing Lenders and Lenders and solely,
in case of a conflict of interest as determined by the affected Person, one (1) additional counsel in the applicable jurisdiction to the affected Person); (b) pay and hold the Administrative Agent, the Syndication Agent, each of the
Issuing Lenders and each of the Lenders harmless from and against any and all present and future stamp, transfer, sales and use, value added, excise and other similar documentary taxes with respect to the foregoing matters and save the
Administrative Agent, the Syndication Agent, each of the Issuing Lenders and each of the Lenders harmless from and against any and all liabilities with respect to or resulting from any delay or omission (other than to the extent attributable to the
Administrative Agent, such Issuing Lender or such Lender) to pay such taxes; and (c) indemnify each Lead Arranger, the Administrative Agent, the Collateral Agent, the Syndication Agent, the Co-Documentation Agents, each Issuing Lender and each
Lender, and each of their respective officers, directors, employees, representatives, agents, affiliates, trustees and investment advisors (each, an “Indemnified Person”) from and hold each of them harmless against any and all
liabilities, obligations (including removal or remedial actions), losses, damages, penalties, claims, actions, judgments, suits, costs, expenses and disbursements (including reasonable attorneys’ and consultants’ fees and disbursements)
incurred by, imposed on or assessed against any of them as a result of, or arising out of, or in any way related to, or by reason of, (i) any investigation, litigation or other proceeding (whether or not the Lead Arrangers, the Administrative
Agent, the Collateral Agent, the Syndication Agent, the Co-Documentation Agents, any Issuing Lender or any Lender is a party thereto and whether or not such investigation, litigation or other proceeding is brought by or on behalf of any Credit
Party) related to the entering into and/or performance of this Agreement or any other Credit Document or the use of any Letter of Credit or the proceeds of any Loans hereunder or the consummation of the Transaction or any other transactions
contemplated herein or in any other Credit Document or the exercise of any of their rights or remedies provided herein or in the other Credit Documents, or (ii) the actual or alleged presence of Hazardous Materials in the air, surface water or
groundwater or on the surface or subsurface of any Real Property at any time owned, leased or operated by Holdings or any of its Subsidiaries, the generation, storage, transportation, handling or disposal of Hazardous Materials by Holdings or any of
its 

  
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 Subsidiaries at any location, whether or not owned, leased or operated by Holdings or any of its
Subsidiaries, the non-compliance by Holdings or any of its Subsidiaries with any Environmental Law (including applicable permits thereunder) applicable to any Real Property, or any Environmental Claim asserted against Holdings, any of its
Subsidiaries or any Real Property at any time owned, leased or operated by Holdings or any of its Subsidiaries, including, in each case, without limitation, the reasonable fees and disbursements of counsel and other consultants incurred in
connection with any such investigation, litigation or other proceeding (but excluding any losses, liabilities, claims, damages or expenses to the extent incurred by reason of the bad faith, gross negligence or willful misconduct of the Indemnified
Person to be indemnified (as determined by a court of competent jurisdiction in a final and non-appealable decision)). To the extent that the undertaking to indemnify, pay or hold harmless the Administrative Agent, any Issuing Lender or any Lender
set forth in the preceding sentence may be unenforceable because it is violative of any law or public policy, the Borrower shall make the maximum contribution to the payment and satisfaction of each of the indemnified liabilities which is
permissible under applicable law. 
 To the full extent permitted by applicable law, each of Holdings and the Borrower shall not
assert, and hereby waives, any claim against any Indemnified Person, on any theory of liability, for special, indirect, consequential or incidental damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result
of, this Agreement, any other Credit document or any agreement or instrument contemplated hereby or thereby, the transactions contemplated hereby or thereby, any Loan, Letter of Credit or the use of the proceeds thereof. No Indemnified Person shall
be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the
other Credit Documents or the transactions contemplated hereby or thereby, except to the extent the liability of such Indemnified Person results from such Indemnified Person’s bad faith, gross negligence or willful misconduct (as determined by
a court of competent jurisdiction in a final and non-appealable decision). In addition, the Borrower agrees to reimburse the Administrative Agent and the Syndication Agent for all reasonable third party administrative, audit and monitory expenses
incurred in connection with the Borrowing Base and determinations thereunder. 
 13.02. Right of Setoff. (a) In addition to any rights
now or hereafter granted under applicable law or otherwise, and not by way of limitation of any such rights, upon the occurrence and during the continuance of an Event of Default, the Administrative Agent, each Issuing Lender and each Lender is
hereby authorized at any time or from time to time, without presentment, demand, protest or other notice of any kind to any Credit Party or to any other Person, any such notice being hereby expressly waived, to set off and to appropriate and apply
any and all deposits (general or special) and any other Indebtedness at any time held or owing by the Administrative Agent, such Issuing Lender or such Lender (including, without limitation, by branches and agencies of the Administrative Agent, such
Issuing Lender or such Lender wherever located) to or for the credit or the account of Holdings or any of its Restricted Subsidiaries against and on account of the Obligations and liabilities of the Credit Parties to the Administrative Agent, such
Issuing Lender or such Lender under this Agreement or under any of the other Credit Documents, including, without limitation, all interests in Obligations purchased by such Lender pursuant to Section 13.04(b), and all other claims of any
nature or description arising out of or connected with this Agreement or any other Credit Document, irrespective of whether or not the Administrative Agent, such Issuing Lender or such Lender shall have made any demand hereunder and although said
Obligations, liabilities or claims, or any of them, shall be contingent or unmatured. 
 (b) NOTWITHSTANDING THE
FOREGOING SUBSECTION (a), AT ANY TIME THAT THE LOANS OR ANY OTHER OBLIGATION SHALL BE SECURED BY REAL PROPERTY LOCATED IN CALIFORNIA, NO LENDER SHALL EXERCISE A RIGHT OF SETOFF, LIEN OR COUNTERCLAIM OR TAKE ANY COURT OR 

  
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 ADMINISTRATIVE ACTION OR INSTITUTE ANY PROCEEDING TO ENFORCE ANY PROVISION OF THIS AGREEMENT
OR ANY NOTE UNLESS IT IS TAKEN WITH THE CONSENT OF THE REQUIRED LENDERS OR APPROVED IN WRITING BY THE ADMINISTRATIVE AGENT, IF SUCH SETOFF OR ACTION OR PROCEEDING WOULD OR MIGHT (PURSUANT TO CALIFORNIA CODE OF CIVIL PROCEDURE SECTIONS 580a, 580b,
580d AND 726 OF THE CALIFORNIA CODE OF CIVIL PROCEDURE OR SECTION 2924 OF THE CALIFORNIA CIVIL CODE, IF APPLICABLE, OR OTHERWISE) AFFECT OR IMPAIR THE VALIDITY, PRIORITY OR ENFORCEABILITY OF THE LIENS GRANTED TO THE COLLATERAL AGENT PURSUANT TO THE
SECURITY DOCUMENTS OR THE ENFORCEABILITY OF THE NOTES AND OTHER OBLIGATIONS HEREUNDER, AND ANY ATTEMPTED EXERCISE BY ANY LENDER OF ANY SUCH RIGHT WITHOUT OBTAINING SUCH CONSENT OF THE REQUIRED LENDERS OR THE ADMINISTRATIVE AGENT SHALL BE NULL AND
VOID. THIS SUBSECTION (b) SHALL BE SOLELY FOR THE BENEFIT OF EACH OF THE LENDERS AND THE ADMINISTRATIVE AGENT HEREUNDER. 
 13.03.
Notices. (a) Except as otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in writing (including telecopier communication) and mailed, telecopied, or delivered: if to any Credit Party, at
the address specified opposite its signature below or in the other relevant Credit Documents; if to any Lender, at its address specified on Schedule 13.03; and if to the Administrative Agent, the Collateral Agent or Deutsche Bank Trust
Company Americas, as Collateral Monitor, at the Notice Office; if to Citibank, N.A., as Collateral Monitor, at 390 Greenwich Street, 1st Floor, New York, New York 10013, Attention: Brendan Mackay, Telephone No.: (212) 723-3752 and Telecopier
No.: (646) 291-3363; if to Wells Fargo Bank, National Association, as Collateral Monitor at One Boston Place, Suite 1800, Boston, Massachusetts 02108, Attention: Brent Shay, Telephone No.: (617) 624-4463 and Telecopier No.:
(866) 328-8544; or, as to any Credit Party or the Administrative Agent, at such other address as shall be designated by such party in a written notice to the other parties hereto and, as to each Lender, at such other address as shall be
designated by such Lender in a written notice to the Borrower and the Administrative Agent. All such notices and communications shall, when mailed, telecopied, or sent by overnight courier, be effective when deposited in the mails, delivered to the
overnight courier, as the case may be, or sent by telecopier, except that notices and communications to the Administrative Agent, the Collateral Agent, any Collateral Monitor and the Borrower shall not be effective until received by the
Administrative Agent, the Collateral Agent, such Collateral Monitor or the Borrower, as the case may be. 
 (b) Notices
and other communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to
Section 2 unless otherwise agreed by the Administrative Agent and the applicable Lender. Each of the Administrative Agent, Holdings and the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder
by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

(c) The Borrower agrees to provide a copy of any notice of an Event of Default received by it from the Administrative Agent or
the Required Lenders promptly to C&S Wholesale Grocers, Inc. pursuant to the Supply Agreement to the extent required by the terms of the Supply Agreement. 

13.04. Benefit of Agreement; Assignments; Participations. (a) This Agreement shall be binding upon and inure to the benefit of and
be enforceable by the respective successors and assigns of the parties hereto; provided, however, neither Holdings nor the Borrower may assign or transfer any of 

  
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 their rights, obligations or interest hereunder without the prior written consent of the Lenders and, provided
further, that, although any Lender may transfer, assign or grant participations to Eligible Transferees in its rights hereunder, such Lender shall remain a “Lender” for all purposes hereunder (and may not transfer or assign all or any
portion of its Revolving Loan Commitment hereunder except as provided in Sections 2.13 and 13.04(b)) and the transferee, assignee or participant, as the case may be, shall not constitute a “Lender” hereunder and, provided
further, that no Lender shall transfer or grant any participation under which the participant shall have rights to approve any amendment to or waiver of this Agreement or any other Credit Document except to the extent such amendment or waiver
would (i) extend the final scheduled maturity of any Loan, Note or Letter of Credit (unless such Letter of Credit is not extended beyond the Final Maturity Date) in which such participant is participating, or reduce the rate or extend the time
of payment of interest or Fees thereon (except in connection with a waiver of applicability of any post-default increase in interest rates) or reduce the principal amount thereof (it being understood that any amendment or modification to the
financial definitions in this Agreement or to Section 13.07(a) shall not constitute a reduction in the rate of interest or Fees payable hereunder), or increase the amount of the participant’s participation over the amount thereof
then in effect (it being understood that a waiver of any Default or Event of Default or of a mandatory reduction in the Total Revolving Loan Commitment shall not constitute a change in the terms of such participation, and that an increase in any
Revolving Loan Commitment (or the available portion thereof) or Loan shall be permitted without the consent of any participant if the participant’s participation is not increased as a result thereof), (ii) consent to the assignment or
transfer by the Borrower of any of its rights and obligations under this Agreement or (iii) release all or substantially all of the Collateral under all of the Security Documents (except as expressly provided in the Credit Documents) or all or
substantially all of the value of the Guaranty supporting the Loans or Letters of Credit hereunder in which such participant is participating. In the case of any such participation, the participant shall not have any rights under this Agreement or
any of the other Credit Documents (the participant’s rights against such Lender in respect of such participation to be those set forth in the agreement executed by such Lender in favor of the participant relating thereto) and all amounts
payable by the Borrower hereunder shall be determined as if such Lender had not sold such participation. 
 (b)
Notwithstanding the foregoing, any Lender (or any Lender together with one or more other Lenders) may (x) assign all or a portion of its Revolving Loan Commitment and related outstanding Obligations (or, if the Revolving Loan Commitment has
terminated, outstanding Obligations) hereunder to (i) (A) its parent company and/or any affiliate of such Lender which is at least 50% owned by such Lender or its parent company or (B) to one or more other Lenders or any affiliate of
any such other Lender which is at least 50% owned by such other Lender or its parent company (provided that any fund that invests in loans and is managed or advised by the same investment advisor of another fund which is a Lender (or by an
Affiliate of such investment advisor) shall be treated as an affiliate of such other Lender for the purposes of this sub-clause (x)(i)(B)), provided, that no such assignment may be made to any such Person that is, or would at such time constitute, a
Defaulting Lender or (ii) in the case of any Lender that is a fund that invests in loans, any other fund that invests in loans and is managed or advised by the same investment advisor of any Lender or by an Affiliate of such investment advisor
or (y) assign all, or if less than all, a portion equal to at least $5,000,000 (or such lesser amount as the Administrative Agent and, so long as no Event of Default then exists and is continuing, the Borrower may otherwise agree) in the
aggregate for the assigning Lender or assigning Lenders, of such Revolving Loan Commitments and related outstanding Obligations (or, if the Revolving Loan Commitments have terminated, outstanding Obligations) hereunder to one or more Eligible
Transferees (treating any fund that invests in loans and any other fund that invests in loans and is managed or advised by the same investment advisor of such fund or by an Affiliate of such investment advisor as a single assignor or Eligible
Transferee (as applicable) (if any)), each of which assignees shall become a party to this Agreement as a Lender by execution of an Assignment and Assumption Agreement; provided that (i) at such time, Schedule 

  
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 1.01(a) shall be deemed modified to reflect the Revolving Loan Commitments and/or
outstanding Revolving Loans, as the case may be, of such new Lender and of the existing Lenders, (ii) upon the surrender of the relevant Notes by the assigning Lender (or, upon such assigning Lender’s indemnifying the Borrower for any lost
Note pursuant to a customary indemnification agreement) new Notes will be issued, at the Borrower’s expense, to such new Lender and to the assigning Lender upon the request of such new Lender or assigning Lender, such new Notes to be in
conformity with the requirements of Section 2.05 (with appropriate modifications) to the extent needed to reflect the revised Revolving Loan Commitments and/or outstanding Revolving Loans, as the case may be, (iii) so long as no
Event of Default then exists, the consent of the Borrower shall be required in connection with any such assignment pursuant to clause (y) above (such consent, in any case, not to be unreasonably withheld, delayed or conditioned),
provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 10 Business Days after having received notice thereof, (iv) the
consent of the Administrative Agent and each Issuing Lender shall be required in connection with any such assignment of Revolving Loan Commitments (and related Obligations) (such consent, in any case, not to be unreasonably withheld, delayed or
conditioned), (v) the Administrative Agent shall receive at the time of each such assignment, from the assigning or assignee Lender, the payment of a non-refundable assignment fee of $3,500 (provided that only one such fee shall be payable in
the case of one or more concurrent assignments by or to investment funds managed or advised by the same investment advisor or an affiliated investment advisor) and (vi) no such transfer or assignment will be effective until recorded by the
Administrative Agent on the Register pursuant to Section 13.15. To the extent of any assignment pursuant to this Section 13.04(b), the assigning Lender shall be relieved of its obligations hereunder with respect to its
assigned Revolving Loan Commitment and outstanding Revolving Loans. At the time of each assignment pursuant to this Section 13.04(b) to a Person which is not already a Lender hereunder and which is not a United States person (as such
term is defined in Section 7701(a)(30) of the Code) for Federal income tax purposes, the respective assignee Lender shall, to the extent legally entitled to do so, provide to the Borrower the appropriate Internal Revenue Service Forms (and, if
applicable, a Section 5.04(b)(ii) Certificate) described in Section 5.04(b) to the extent such forms would provide a complete exemption from or reduction in United States withholding tax. In addition, each assignee Lender
that is a United States person (as such term is defined in Section 7701(a)(30) of the Code) and not already a Lender, shall deliver such documentation (including Form W-9) prescribed by applicable law as will enable the Borrower or the
Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. To the extent that an assignment of all or any portion of a Lender’s Revolving Loan Commitment and related
outstanding Obligations pursuant to Section 2.13 or this Section 13.04(b) would, at the time of such assignment, result in increased costs under Section 2.10, 3.06 or 5.04 from those being charged by
the respective assigning Lender prior to such assignment, then the Borrower shall not be obligated to pay such increased costs (although the Borrower, in accordance with and pursuant to the other provisions of this Agreement, shall be obligated to
pay any other increased costs of the type described above resulting from changes after the date of the respective assignment). 

(c) Nothing in this Agreement shall prevent or prohibit any Lender from pledging its Loans and Notes hereunder to a Federal
Reserve Bank in support of borrowings made by such Lender from such Federal Reserve Bank, any Lender which is a fund may pledge all or any portion of its Loans and Notes to its trustee or to a collateral agent providing credit or credit support to
such Lender in support of its obligations to such trustee, such collateral agent or a holder of such obligations, as the case may be. No pledge pursuant to this clause (c) shall release the transferor Lender from any of its obligations
hereunder. 

  
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 (d) Any Lender which assigns all of its Revolving Loan Commitment and/or Loans
hereunder in accordance with Section 13.04(b) shall cease to constitute a “Lender” hereunder, except with respect to indemnification provisions under this Agreement (including, without limitation, Sections 2.10,
2.11, 3.06, 5.04, 12.06, 13.01 and 13.06), which shall survive as to such assigning Lender. 

(e) Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a
register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Credit Documents (the “Participant
Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any
commitments, loans, letters of credit or its other obligations under any Credit Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in
registered form under Section 5f.103-(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the
Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no
responsibility for maintaining a Participant Register. 
 13.05. No Waiver; Remedies Cumulative. No failure or delay on the part of
the Administrative Agent, the Collateral Agent, any Collateral Monitor, any Issuing Lender or any Lender in exercising any right, power or privilege hereunder or under any other Credit Document and no course of dealing between the Borrower or any
other Credit Party and the Administrative Agent, the Collateral Agent, any Collateral Monitor, any Issuing Lender or any Lender shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder or
under any other Credit Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder or thereunder. The rights, powers and remedies herein or in any other Credit Document expressly provided
are cumulative and not exclusive of any rights, powers or remedies which the Administrative Agent, the Collateral Agent, any Collateral Monitor, any Issuing Lender or any Lender would otherwise have. No notice to or demand on any Credit Party in any
case shall entitle any Credit Party to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the Administrative Agent, the Collateral Agent, any Collateral Monitor, any Issuing Lender or any
Lender to any other or further action in any circumstances without notice or demand. 
 13.06. Payments Pro Rata. (a) Except as
otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of each payment from or on behalf of the Borrower in respect of any Obligations hereunder, the Administrative Agent shall distribute such payment
to the Lenders entitled thereto (other than any Lender that has consented in writing to waive its pro rata share of any such payment) pro rata based upon their respective shares, if any, of the Obligations with respect to
which such payment was received. 
 (b) Each of the Lenders agrees that, if it should receive any amount hereunder (whether
by voluntary payment, by realization upon security, by the exercise of the right of setoff or banker’s lien, by counterclaim or cross action, by the enforcement of any right under the Credit Documents, or otherwise), which is applicable to the
payment of the principal of, or interest on, the Loans, Unpaid Drawings, Commitment Commission or Letter of Credit Fees, of a sum which with respect to the related sum or sums received by other Lenders is in a greater proportion than the total of
such Obligation then owed and due to such Lender bears to the total of such Obligation then owed and due to all of the Lenders immediately prior to such receipt, then such Lender receiving such excess 

  
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 payment shall purchase for cash without recourse or warranty from the other Lenders an interest
in the Obligations of the respective Credit Party to such Lenders in such amount as shall result in a proportional participation by all the Lenders in such amount; provided that if all or any portion of such excess amount is thereafter
recovered from such Lenders, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest. 

(c) Notwithstanding anything to the contrary contained herein, the provisions of the preceding Sections 13.06(a) and
(b) shall be subject to the express provisions of this Agreement which require, or permit, differing payments to be made to Non-Defaulting Lenders as opposed to Defaulting Lenders. 

13.07. Calculations; Computations. (a) The financial statements to be furnished to the Lenders pursuant hereto shall be made and
prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the Lenders); provided that (i) all terms of an
accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided, however, that (A) if Holdings or the Borrower notifies the Administrative Agent that Holdings requests an
amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies Holdings that the
Administrative Agent or the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then until such notice
shall have been withdrawn or such provision amended in accordance herewith such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective, (B) unless any such notice
delivered pursuant to clause (A) above has been withdrawn, Holdings, the Borrower and the requisite Lenders under Section 13.12 shall negotiate in good faith to amend the provisions of this Agreement that relate to the operation of
such provision with the intent of having the respective positions of Holdings and the Lenders after such change in GAAP or the application thereof conform as nearly to their respective positions as of the Effective Date (which amendment shall not be
subject to any amendment fee payable to the Lenders or any pricing change to the extent such amendment is solely related to eliminating the effect of such change in GAAP or in the application thereof), (C) GAAP as applied herein with respect to
accounting for leases (including Capitalized Lease Obligations) shall be GAAP as in effect on the Effective Date and (D) Holdings shall include with the financial statements and other financial information and calculations required to be
delivered to the Administrative Agent and Lenders hereunder a reconciliation of such financial statements, information and calculations before and after giving effect to such change in GAAP, (ii) notwithstanding anything to the contrary
contained herein, all such financial statements shall be prepared, and all financial covenants contained herein or in any other Credit Document shall be calculated, in each case, without giving effect to any election under FASB ASC 825 (or any
similar accounting principle permitting a Person to value its financial liabilities at the fair value thereof, (iii) to the extent expressly provided herein, certain calculations shall be made on a Pro Forma Basis, and (iv) notwithstanding
anything to the contrary contained herein, for purposes of calculating all financial ratios and financial terms set forth herein and in the other Credit Documents, the financial results of Unrestricted Subsidiaries shall be ignored. 

(b) All computations of interest, Commitment Commission and other Fees hereunder shall be made on the basis of a year of 360
days (except for interest calculated by reference to the Prime Lending Rate, which shall be based on a year of 365 or 366 days, as applicable) for the actual number of days (including the first day but excluding the last day; except that in the case
of Letter of Credit Fees and Facing Fees, the last day shall be included) occurring in the period for which such interest, Commitment Commission or Fees are payable. 

  
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 13.08. GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL.
(a) THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL, EXCEPT AS OTHERWISE PROVIDED IN ANY MORTGAGE, BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF
THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES). ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT SHALL (EXCEPT AS OTHERWISE PERMITTED BELOW) BE BROUGHT IN THE COURTS OF THE STATE OF
NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EACH CASE WHICH ARE LOCATED IN THE COUNTY OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT, EACH OF HOLDINGS AND THE BORROWER HEREBY
IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS. EACH OF HOLDINGS AND THE BORROWER HEREBY FURTHER IRREVOCABLY WAIVES ANY CLAIM THAT ANY SUCH COURTS LACK
PERSONAL JURISDICTION OVER HOLDINGS OR THE BORROWER, AND AGREES NOT TO PLEAD OR CLAIM, IN ANY LEGAL ACTION PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT BROUGHT IN ANY OF THE AFOREMENTIONED COURTS, THAT SUCH COURTS LACK
PERSONAL JURISDICTION OVER HOLDINGS OR THE BORROWER. EACH OF HOLDINGS AND THE BORROWER FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF
BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO HOLDINGS OR THE BORROWER AT ITS ADDRESS SET FORTH OPPOSITE ITS SIGNATURE BELOW, SUCH SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. EACH OF HOLDINGS AND THE BORROWER HEREBY IRREVOCABLY
WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER OR UNDER ANY OTHER CREDIT DOCUMENT THAT SERVICE OF PROCESS WAS IN ANY WAY INVALID OR
INEFFECTIVE. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE ADMINISTRATIVE AGENT, ANY LENDER OR THE HOLDER OF ANY NOTE TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST HOLDINGS OR THE
BORROWER IN ANY OTHER JURISDICTION. 
 (b) EACH OF HOLDINGS AND THE BORROWER HEREBY IRREVOCABLY
WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT BROUGHT IN THE COURTS REFERRED TO IN
CLAUSE (a) ABOVE THAT ARE LOCATED IN THE COUNTY OF NEW YORK AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM. 
 (c) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL
RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

  
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 13.09. Counterparts. This Agreement may be executed in any number of counterparts and by
the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A set of counterparts executed by all the parties
hereto shall be lodged with the Borrower and the Administrative Agent. Delivery of an executed counterpart hereof by facsimile or electronic transmission shall be as effective as delivery of an original executed counterpart hereof. 

13.10. Effectiveness. This Agreement shall become effective on the date (the “Effective Date”) on which
(i) Holdings, the Borrower, the Administrative Agent, the Collateral Agent, each of the Collateral Monitors and each of the Lenders shall have signed a counterpart hereof (whether the same or different counterparts) and shall have delivered the
same to the Administrative Agent at the Notice Office or, in the case of the Lenders, shall have given to the Administrative Agent telephonic (confirmed in writing), written notice (actually received) at such office that the same has been signed and
mailed to it and (ii) the conditions contained in Section 6 have been met to the reasonable satisfaction of the Administrative Agent (or duly waived by the Required Lenders). Unless the Administrative Agent has received actual
notice from any Lender that the conditions described in clause (ii) of the preceding sentence have not been met to its satisfaction, upon the satisfaction of the condition described in clause (i) of the immediately preceding sentence and
upon the Administrative Agent’s good faith determination that the conditions described in clause (ii) of the immediately preceding sentence have been met, then the Effective Date shall have deemed to have occurred, regardless of any
subsequent determination that one or more of the conditions thereto had not been met (although the occurrence of the Effective Date shall not release the Borrower from any liability for failure to satisfy one or more of the applicable conditions
contained in Section 6, other than any condition that must be satisfied to the Administrative Agent’s satisfaction or other subjective standard of similar effect). The Administrative Agent will give Holdings, the Borrower and each
Lender prompt written notice of the occurrence of the Effective Date. 
 13.11. Headings Descriptive. The headings of the several
sections and subsections of this Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement. 

13.12. Amendment or Waiver; etc. (a) Neither this Agreement nor any other Credit Document nor any terms hereof or thereof may be
changed, waived, discharged or terminated (other than in accordance with Section 2.16) unless such change, waiver, discharge or termination is in writing signed by the respective Credit Parties party hereto or thereto and the Required
Lenders (although additional parties may be added to (and annexed) may be modified to reflect such additions), and Restricted Subsidiaries of the Borrower may be released from, the Subsidiaries Guaranty and the Security Documents in accordance with
the provisions hereof and thereof (without the consent of the other Credit Parties party thereto or the Required Lenders), provided that no such change, waiver, discharge or termination shall, without the consent of each Lender (other than,
except with respect to the following clause (i), a Defaulting Lender) (with Obligations being directly affected in the case of following clause (i)), (i) extend the final scheduled maturity of any Loan or Note or extend the stated expiration
date of any Letter of Credit beyond the Final Maturity Date, or reduce the rate or extend the time of payment of interest or Fees thereon (except in connection with the waiver of applicability of any post-default increase in interest rates), or
reduce (or forgive) the principal amount thereof (it being understood that any amendment or modification to the financial definitions in this Agreement or to Section 13.07(a) shall not constitute a reduction in the rate of interest or
Fees for the purposes of this clause (i)), (ii) release all or substantially all of the Collateral under all the Security Documents (except as expressly provided in the Credit Documents) or release all or substantially all of the value of the
Guaranty made by the Guarantors 

  
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 (except as expressly provided in the Credit Documents), (iii) amend, modify or waive any provision of this
Section 13.12(a) (except for technical amendments with respect to additional extensions of credit pursuant to this Agreement which afford the protections to such additional extensions of credit of the type provided to the Revolving Loan
Commitments and the Loans on the Effective Date) or Section 13.06, (iv) reduce the “majority” voting threshold specified in the definition of Required Lenders (it being understood that, with the consent of the Required
Lenders, additional extensions of credit pursuant to this Agreement may be included in the determination of the Required Lenders on substantially the same basis as the extensions of Revolving Loan Commitments are included on the Effective Date),
(v) consent to the release, assignment or transfer by the Borrower of any of its rights and obligations under this Agreement, (vi) amend, modify or waive the application of payments set forth in Sections 5.02(d), 5.03(d) or
13.06 hereof, Section 7.4 of the Security Agreement or Section 9 of the Pledge Agreement or (vii) subordinate the Liens granted for the benefit of the Lenders in respect to the Collateral under any of the Security Documents
except to the extent provided in the Intercreditor Agreement; provided, further, that no such change, waiver, discharge or termination shall (1) increase the Revolving Loan Commitment of any Lender over the amount thereof then in
effect without the consent of such Lender (it being understood that waivers or modifications of conditions precedent, covenants, Defaults or Events of Default or of a mandatory reduction in the Total Revolving Loan Commitment shall not constitute an
increase of the Revolving Loan Commitment of any Lender, and that an increase in the available portion of the Revolving Loan Commitment of any Lender shall not constitute an increase of the Revolving Loan Commitment of such Lender), (2) without
the consent of each Issuing Lender, amend, modify or waive any provision of Section 3 or alter its rights or obligations with respect to Letters of Credit, (3) without the consent of the Swingline Lender, alter the Swingline
Lender’s rights or obligations with respect to Swingline Loans, (4) without the consent of the Administrative Agent, amend, modify or waive any provision of Section 12 or any other provision of this Agreement or any other
Credit Document as same relates to the rights or obligations of the Administrative Agent, (5) without the consent of the Collateral Agent, amend, modify or waive any provision of the Agreement or any other Credit Documents relating to the
rights or obligations of the Collateral Agent, (6) without the consent of the Collateral Monitors, amend, modify or waive any provision of the Agreement or any other Credit Documents relating to the rights or obligations of the Collateral
Monitors or (7) without the consent of the Supermajority Lenders, (x) amend the definition of Supermajority Lenders (it being understood that, with the consent of the Required Lenders, additional extensions of credit pursuant to this
Agreement may be included in the determination of the Supermajority Lenders on substantially the same basis as the extensions of Loans and Revolving Loan Commitments are included on the Effective Date), or (y) amend or expand any of the
following definitions, in each case the effect of which would be to increase the amounts available for borrowing hereunder: Borrowing Base, Eligible Accounts and Eligible Inventory (including, in each case, the defined terms used therein) (it being
understood that the establishment, modification or elimination of Reserves and adjustment, establishment and elimination of criteria for Eligible Accounts and Eligible Inventory, in each case by the Collateral Monitors in accordance with the terms
hereof, will not be deemed to require a Supermajority Lender consent). 
 (b) If, in connection with any proposed change,
waiver, discharge or termination of or to any of the provisions of this Agreement as contemplated by clauses (i) through (vii), inclusive, of the first proviso to Section 13.12(a), the consent of the Required Lenders is obtained but
the consent of one or more of such other Lenders whose consent is required is not obtained, then the Borrower shall have the right, so long as all non-consenting Lenders whose individual consent is required are treated as described in either clause
(A) or (B) below, to either (A) replace each such non-consenting Lender or Lenders with one or more Replacement Lenders pursuant to Section 2.13 so long as at the time of such replacement, each such Replacement Lender
consents to the proposed change, waiver, discharge or termination or (B) terminate such non-consenting Lender’s Revolving Loan Commitment and/or repay all outstanding Revolving Loans of such Lender and/or cash collateralize its applicable
RL Percentage of the Letter of Credit Outstandings in accordance with 

  
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 Sections 4.02(b) and/or 5.01(b), provided that, unless the Revolving Loan
Commitments which are terminated and Revolving Loans which are repaid pursuant to preceding clause (B) are immediately replaced in full at such time through the addition of new Lenders or the increase of the Revolving Loan Commitments and/or
outstanding Revolving Loans of existing Lenders (who in each case must specifically consent thereto), then in the case of any action pursuant to preceding clause (B), the Required Lenders (determined after giving effect to the proposed action) shall
specifically consent thereto, provided further, that the Borrower shall not have the right to replace a Lender, terminate its Revolving Loan Commitment or repay its Revolving Loans solely as a result of the exercise of such Lender’s
rights (and the withholding of any required consent by such Lender) pursuant to the second proviso to Section 13.12(a). 

(c) Notwithstanding the foregoing, (x) any provision of this Agreement may be amended by an agreement in writing
entered into by Holdings, the Borrower, the Required Lenders and the Administrative Agent (and, if their rights or obligations are affected thereby, each Collateral Monitor, each Issuing Lender and the Swingline Lender) if (i) by the terms of
such agreement the Commitment of each Lender not consenting to the amendment provided for therein shall terminate upon the effectiveness of such amendment and (ii) at the time such amendment becomes effective, each Lender not consenting thereto
receives payment (including pursuant to an assignment to a replacement Lender in accordance with Section 13.04) in full of this principal of and interest accrued on each Loan made by it and all other amounts owing to it or accrued for
its account under this Agreement and (y) this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent and the Borrower (a) to add one or more additional credit
facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Credit Documents with
the Revolving Loans and the accrued interest and fees in respect thereof and (b) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders. 

(d) Notwithstanding anything to the contrary contained in this Section 13.12, (x) Security Documents
(including any Additional Security Documents) and related documents executed by Subsidiaries in connection with this Agreement may be in a form reasonably determined by the Administrative Agent and may be amended, supplemented and waived with the
consent of the Administrative Agent and the Borrower without the need to obtain the consent of any other Person if such amendment, supplement or waiver is delivered in order (i) to comply with local law or advice of local counsel or
(ii) to cause such Security Document or other document to be consistent with this Agreement and the other Credit Documents and (y) if following the Effective Date, the Administrative Agent and any Credit Party shall have jointly identified
an ambiguity, inconsistency, obvious error or any error or omission of a technical or immaterial nature, in each case, in any provision of the Credit Documents, then the Administrative Agent and the Credit Parties shall be permitted to amend such
provision and such amendment shall become effective without any further action or consent of any other party to any Credit Documents if the same is not objected to in writing by the Required Lenders within five (5) Business Days following
receipt of notice thereof. 
 13.13. Survival. All indemnities set forth herein including, without limitation, in Sections
2.10, 2.11, 3.06, 5.04, 12.06 and 13.01 shall survive the execution, delivery and termination of this Agreement and the Notes and the making and repayment of the Obligations. 

13.14. Domicile of Loans. Each Lender may transfer and carry its Loans at, to or for the account of any office, Subsidiary or Affiliate
of such Lender. Notwithstanding anything to the contrary contained herein, to the extent that a transfer of Loans pursuant to this Section 13.14 would, at the time of such transfer, result in increased costs under
Section 2.10, 2.11, 3.06 or 5.04 from those being charged by 

  
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the respective Lender prior to such transfer, then the Borrower shall not be obligated to pay such increased costs (although the Borrower shall be obligated to pay any other increased costs of
the type described above resulting from changes after the date of the respective transfer). 
 13.15. Register. The Borrower hereby
designates the Administrative Agent to serve as its agent, solely for purposes of this Section 13.15, to maintain a register (the “Register”) on which it will record the Revolving Loan Commitments from time to time of
each of the Lenders, the Loans made by each of the Lenders and each repayment in respect of the principal amount of the Loans of each Lender. Failure to make any such recordation, or any error in such recordation, shall not affect the
Borrower’s obligations in respect of such Loans. With respect to any Lender, the transfer of the Revolving Loan Commitment of such Lender and the rights to the principal of, and interest on, any Loan made pursuant to such Revolving Loan
Commitment shall not be effective until such transfer is recorded on the Register maintained by the Administrative Agent with respect to ownership of such Revolving Loan Commitment and Loans and prior to such recordation all amounts owing to the
transferor with respect to such Revolving Loan Commitment and Loans shall remain owing to the transferor. The registration of assignment or transfer of all or part of any Revolving Loan Commitments and Loans shall be recorded by the Administrative
Agent on the Register only upon the acceptance by the Administrative Agent of a properly executed and delivered Assignment and Assumption Agreement pursuant to Section 13.04(b). Upon such acceptance and recordation, the assignee
specified therein shall be treated as a Lender for all purposes of this Agreement. Coincident with the delivery of such an Assignment and Assumption Agreement to the Administrative Agent for acceptance and registration of assignment or transfer of
all or part of a Loan, or as soon thereafter as practicable, the assigning or transferor Lender shall surrender the Note (if any) evidencing such Loan, and thereupon one or more new Notes in the same aggregate principal amount shall be issued to the
assigning or transferor Lender and/or the new Lender at the request of any such Lender. The Borrower agrees to indemnify the Administrative Agent from and against any and all losses, claims, damages and liabilities of whatsoever nature which may be
imposed on, asserted against or incurred by the Administrative Agent in performing its duties under this Section 13.15. 
 13.16.
Confidentiality. (a) Subject to the provisions of clause (b) of this Section 13.16, each Lender agrees that it will use its reasonable efforts not to disclose without the prior consent of the Borrower (other than to its
employees, auditors, advisors or counsel or to another Lender if such Lender or such Lender’s holding or parent company in its sole discretion determines that any such party should have access to such information, provided such Persons shall be
subject to the provisions of this Section 13.16 to the same extent as such Lender) any information with respect to Holdings or any of its Subsidiaries which is now or in the future furnished pursuant to this Agreement or any other Credit
Document, provided that any Lender may disclose any such information (i) as has become generally available to the public other than by virtue of a breach of this Section 13.16(a) by the respective Lender, (ii) as may be
required or appropriate in respect of any audit or examination conducted by bank accountants or any Governmental Authority exercising examination or bank regulatory authority or in any report, statement or testimony submitted to any municipal, state
or Federal regulatory body having or claiming to have jurisdiction over such Lender or to the Federal Reserve Board or the Federal Deposit Insurance Corporation or similar organizations (whether in the United States or elsewhere) or their
successors, (iii) as may be required or appropriate in respect to any summons or subpoena or in connection with any litigation, (iv) in order to comply with any law, order, regulation or ruling applicable to such Lender, (v) to the
Administrative Agent, the Collateral Agent or the Collateral Monitors, (vi) to any direct or indirect contractual counterparty in any swap, hedge or similar agreement (or to any such contractual counterparty’s professional advisor), so
long as such contractual counterparty (or such professional advisor) agrees to be bound by the provisions of this Section 13.16 and (vii) to any prospective or actual transferee, pledgee or participant (and to any actual or
prospective investor in an SPC) in connection with any contemplated transfer, pledge or participation of any of the Notes or Revolving Loan Commitments or any interest therein by such Lender, provided that such prospective transferee, pledgee
or participant agrees to be bound by the confidentiality provisions contained in this Section 13.16. 
  

  
 147 

 (b) Each of Holdings and the Borrower hereby acknowledges and agrees that
each Lender may share with any of its affiliates, and such affiliates may share with such Lender, any information related to Holdings or any of its Subsidiaries (including, without limitation, any non-public customer information regarding the
creditworthiness of Holdings and its Subsidiaries), provided such Persons shall be subject to the provisions of this Section 13.16 to the same extent as such Lender. 

(c) Each of the Administrative Agent and each of the Lenders acknowledges that (a) the information referred to in clause
(a) above may include material non-public information concerning Holdings or a Subsidiary thereof, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will
handle such material non-public information in accordance with applicable law, including United States federal and state securities laws. 

13.17. No Fiduciary Duty. Each Agent, each Lender and their respective Affiliates (collectively, solely for purposes of this paragraph,
the “Lenders”), may have economic interests that conflict with those of the Credit Parties, their stockholders and/or their respective affiliates. Each Credit Party agrees that nothing in the Credit Documents or otherwise will be deemed to
create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and any Credit Party, its respective stockholders or its respective affiliates, on the other. The Credit Parties acknowledge
and agree that: (i) the transactions contemplated by the Credit Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Lenders, on the one hand, each Credit
Party, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of any Credit Party, its respective stockholders or its respective
affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise any
Credit Party, its respective stockholders or its respective Affiliates on other matters) or any other obligation to any Credit Party except the obligations expressly set forth in the Credit Documents and (y) each Lender is acting solely as
principal and not as the agent or fiduciary of such Credit Party, its respective management, stockholders, creditors or any other Person. Each Credit Party acknowledges and agrees that such Credit Party has consulted its own legal and financial
advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. Each Credit Party agrees that it will not claim that any Lender has
rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to such Credit Party, in connection with such transaction or the process leading thereto. 

13.18. Patriot Act. Each Lender subject to the USA PATRIOT ACT (Title III of Pub. Law 107-56 (signed into law October 26, 2011) (as
amended from time to time, the “Patriot Act”) hereby notifies Holdings and the Borrower that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies Holdings, the Borrower and
the other Credit Parties and other information that will allow such Lender to identify Holdings, the Borrower and the other Credit Parties in accordance with the Act. 

13.19. OTHER LIENS ON COLLATERAL; TERMS OF INTERCREDITOR AGREEMENT; ETC. (a) EACH LENDER UNDERSTANDS, ACKNOWLEDGES AND AGREES THAT
LIENS SHALL (OR AFTER THE EFFECTIVE DATE, MAY) BE CREATED ON THE COLLATERAL PURSUANT TO THE SENIOR SECURED NOTES DOCUMENTS, ADDITIONAL 

  
 148 

 OBLIGATIONS DOCUMENTS AND REFINANCING SENIOR SECURED NOTES DOCUMENTS, WHICH LIENS SHALL BE SUBJECT TO THE TERMS
AND CONDITIONS OF THE INTERCREDITOR AGREEMENT. PURSUANT TO THE EXPRESS TERMS OF THE INTERCREDITOR AGREEMENT, IN THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF THE INTERCREDITOR AGREEMENT AND ANY OF THE CREDIT DOCUMENTS, THE PROVISIONS OF THE
INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL. 
 (b) EACH LENDER AUTHORIZES AND INSTRUCTS THE ADMINISTRATIVE AGENT AND
THE COLLATERAL AGENT TO ENTER INTO THE INTERCREDITOR AGREEMENT ON BEHALF OF THE LENDERS, AND TO TAKE ALL ACTIONS (AND EXECUTE ALL DOCUMENTS) REQUIRED (OR DEEMED ADVISABLE) BY IT IN ACCORDANCE WITH THE TERMS OF THE INTERCREDITOR AGREEMENT. 

(c) THE PROVISIONS OF THIS SECTION 13.19 ARE NOT INTENDED TO SUMMARIZE ALL RELEVANT PROVISIONS OF THE INTERCREDITOR
AGREEMENT, THE FORMS OF WHICH ARE ATTACHED AS AN EXHIBIT TO THIS AGREEMENT. REFERENCE MUST BE MADE TO THE INTERCREDITOR AGREEMENT ITSELF TO UNDERSTAND ALL TERMS AND CONDITIONS THEREOF. EACH LENDER IS RESPONSIBLE FOR MAKING ITS OWN ANALYSIS AND
REVIEW OF THE INTERCREDITOR AGREEMENT AND THE TERMS AND PROVISIONS THEREOF, AND NEITHER THE ADMINISTRATIVE AGENT NOR ANY OF ITS AFFILIATES MAKES ANY REPRESENTATION TO ANY LENDER AS TO THE SUFFICIENCY OR ADVISABILITY OF THE PROVISIONS CONTAINED IN
THE INTERCREDITOR AGREEMENT. 
 13.20. Interest Rate Limitation. Notwithstanding anything to the contrary contained in any
Credit Document, the interest paid or agreed to be paid under the Credit Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable law (the “Maximum Rate”). If the Administrative Agent or any
Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest
contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense, fee, or premium
rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations
hereunder. 
 SECTION 14. Holdings Guaranty. 

14.01. Guaranty. In order to induce the Administrative Agent, the Collateral Agent, the Issuing Lenders and the Lenders to enter into
this Agreement and to extend credit hereunder, and to induce the other Guaranteed Creditors to enter into Interest Rate Protection Agreements, Other Hedging Agreements and Treasury Services Agreements and in recognition of the direct benefits to be
received by Holdings from the proceeds of the Loans, the issuance of the Letters of Credit and the entering into of such Interest Rate Protection Agreements, Other Hedging Agreements and Treasury Services Agreements, Holdings hereby agrees with the
Guaranteed Creditors as follows: Holdings hereby unconditionally and irrevocably guarantees as primary obligor and not merely as surety the full and prompt payment when due, whether upon maturity, acceleration or otherwise, of any and all of the
Guaranteed Obligations of the Borrower to the Guaranteed Creditors. If any or all of the Guaranteed Obligations of the Borrower to the Guaranteed Creditors becomes due and payable hereunder, Holdings, unconditionally and irrevocably, promises to pay
such indebtedness to the Administrative Agent and/or the other Guaranteed Creditors, on demand, together with any and all expenses which may be incurred by 

  
 149 

 the Administrative Agent and the other Guaranteed Creditors in collecting any of the Guaranteed Obligations. If
claim is ever made upon any Guaranteed Creditor for repayment or recovery of any amount or amounts received in payment or on account of any of the Guaranteed Obligations and any of the aforesaid payees repays all or part of said amount by reason of
(i) any judgment, decree or order of any court or administrative body having jurisdiction over such payee or any of its property or (ii) any settlement or compromise of any such claim effected by such payee with any such claimant
(including the Borrower), then and in such event Holdings agrees that any such judgment, decree, order, settlement or compromise shall be binding upon Holdings, notwithstanding any revocation of this Holdings Guaranty or other instrument evidencing
any liability of the Borrower, and Holdings shall be and remain liable to the aforesaid payees hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by any such payee. 

14.02. Bankruptcy. Additionally, Holdings unconditionally and irrevocably guarantees the payment of any and all of the Guaranteed
Obligations to the Guaranteed Creditors whether or not due or payable by the Borrower upon the occurrence of any of the events specified in Section 11.05, and irrevocably and unconditionally promises to pay such indebtedness to the
Guaranteed Creditors, on demand, in lawful money of the United States. 
 14.03. Nature of Liability. The liability of Holdings
hereunder is primary, absolute and unconditional, exclusive and independent of any security for or other guaranty of the Guaranteed Obligations, whether executed by any other guarantor or by any other party, and the liability of Holdings hereunder
shall not be affected or impaired by (a) any direction as to application of payment by the Borrower or by any other party, or (b) any other continuing or other guaranty, undertaking or maximum liability of a guarantor or of any other party
as to the Guaranteed Obligations, or (c) any payment on or in reduction of any such other guaranty or undertaking, or (d) any dissolution, termination or increase, decrease or change in personnel by the Borrower, or (e) any payment
made to any Guaranteed Creditor on the Guaranteed Obligations which any such Guaranteed Creditor repays to the Borrower pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or other debtor relief proceeding, and
Holdings waives any right to the deferral or modification of its obligations hereunder by reason of any such proceeding, or (f) any action or inaction by the Guaranteed Creditors as contemplated by Section 14.05, or (g) any
invalidity, irregularity or enforceability of all or any part of the Guaranteed Obligations or of any security therefor. 
 14.04.
Independent Obligation. The obligations of Holdings hereunder are independent of the obligations of any other guarantor, any other party or the Borrower, and a separate action or actions may be brought and prosecuted against Holdings whether
or not action is brought against any other guarantor, any other party or the Borrower and whether or not any other guarantor, any other party or the Borrower be joined in any such action or actions. Holdings waives, to the fullest extent permitted
by law, the benefit of any statute of limitations affecting its liability hereunder or the enforcement thereof. Any payment by the Borrower or other circumstance which operates to toll any statute of limitations as to the Borrower shall operate to
toll the statute of limitations as to Holdings. 
 14.05. Authorization. Holdings authorizes the Guaranteed Creditors without notice
or demand (except as shall be required by applicable statute and cannot be waived), and without affecting or impairing its liability hereunder, from time to time to: 

(a) change the manner, place or terms of payment of, and/or change or extend the time of payment of, renew, increase, accelerate or alter,
any of the Guaranteed Obligations (including any increase or decrease in the principal amount thereof or the rate of interest or fees thereon), any security therefor, or any liability incurred directly or indirectly in respect thereof, and this
Holdings Guaranty shall apply to the Guaranteed Obligations as so changed, extended, renewed or altered; 

  
 150 

 (b) take and hold security for the payment of the Guaranteed Obligations and sell, exchange,
release, impair, surrender, realize upon or otherwise deal with in any manner and in any order any property by whomsoever at any time pledged or mortgaged to secure, or howsoever securing, the Guaranteed Obligations or any liabilities (including any
of those hereunder) incurred directly or indirectly in respect thereof or hereof, and/or any offset thereagainst; 
 (c) exercise or
refrain from exercising any rights against the Borrower, any other Credit Party or others or otherwise act or refrain from acting; 

(d) release or substitute any one or more endorsers, guarantors, the Borrower, other Credit Parties or other obligors; 

(e) settle or compromise any of the Guaranteed Obligations, any security therefor or any liability (including any of those hereunder)
incurred directly or indirectly in respect thereof or hereof, and may subordinate the payment of all or any part thereof to the payment of any liability (whether due or not) of the Borrower to its creditors other than the Guaranteed Creditors; 

(f) apply any sums by whomsoever paid or howsoever realized to any liability or liabilities of the Borrower to the Guaranteed Creditors
regardless of what liability or liabilities of the Borrower remain unpaid; 
 (g) consent to or waive any breach of, or any act,
omission or default under, this Agreement, any other Credit Document, any Interest Rate Protection Agreement or any Other Hedging Agreement or any of the instruments or agreements referred to herein or therein, or otherwise amend, modify or
supplement this Agreement, any other Credit Document, any Interest Rate Protection Agreement or any Other Hedging Agreement or any of such other instruments or agreements; and/or 

(h) take any other action which would, under otherwise applicable principles of common law, give rise to a legal or equitable discharge of
Holdings from its liabilities under this Holdings Guaranty. 
 14.06. Reliance. It is not necessary for any Guaranteed Creditor to
inquire into the capacity or powers of Holdings or any of its Subsidiaries or the officers, directors, partners or agents acting or purporting to act on their behalf, and any Guaranteed Obligations made or created in reliance upon the professed
exercise of such powers shall be guaranteed hereunder. 
 14.07. Subordination. Any indebtedness of the Borrower now or hereafter
owing to Holdings is hereby subordinated to the Guaranteed Obligations owing to the Guaranteed Creditors; and if the Administrative Agent so requests at a time when an Event of Default exists, all such indebtedness of the Borrower to Holdings shall
be collected, enforced and received by Holdings for the benefit of the Guaranteed Creditors and be paid over to the Administrative Agent on behalf of the Guaranteed Creditors on account of the Guaranteed Obligations to the Guaranteed Creditors, but
without affecting or impairing in any manner the liability of Holdings under the other provisions of this Holdings Guaranty. Prior to the transfer by Holdings of any note or negotiable instrument evidencing any such indebtedness of the Borrower to
Holdings, Holdings shall mark such note or negotiable instrument with a legend that the same is subject to this subordination. Without limiting the generality of the foregoing, Holdings hereby agrees with the Guaranteed Creditors that it will not
exercise any right of subrogation which it may at any time otherwise have as a result of this Holdings Guaranty (whether contractual, under Section 509 of the Bankruptcy Code or otherwise) until all Guaranteed Obligations have been irrevocably
paid in full in cash. 

  
 151 

 14.08. Waiver. (a) Holdings waives any right (except as shall be required by
applicable statute and cannot be waived) to require any Guaranteed Creditor to (i) proceed against the Borrower, any other guarantor or any other party, (ii) proceed against or exhaust any security held from the Borrower, any other
guarantor or any other party or (iii) pursue any other remedy in any Guaranteed Creditor’s power whatsoever. Holdings waives any defense based on or arising out of any defense of the Borrower, any other guarantor or any other party, other
than payment of the Guaranteed Obligations to the extent of such payment, based on or arising out of the disability of the Borrower, Holdings, any other guarantor or any other party, or the validity, legality or unenforceability of the Guaranteed
Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower other than payment of the Guaranteed Obligations to the extent of such payment. The Guaranteed Creditors may, at their election,
foreclose on any security held by the Administrative Agent, the Collateral Agent or any other Guaranteed Creditor by one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable (to the extent
such sale is permitted by applicable law), or exercise any other right or remedy the Guaranteed Creditors may have against the Borrower or any other party, or any security, without affecting or impairing in any way the liability of Holdings
hereunder except to the extent the Guaranteed Obligations have been paid. Holdings waives any defense arising out of any such election by the Guaranteed Creditors, even though such election operates to impair or extinguish any right of reimbursement
or subrogation or other right or remedy of Holdings against the Borrower or any other party or any security. 

(b) Holdings waives, to the fullest extent permitted by applicable law, all presentments, demands for performance,
protests and notices, including, without limitation, notices of nonperformance, notices of protest, notices of dishonor, notices of acceptance of this Holdings Guaranty, and notices of the existence, creation or incurring of new or additional
Guaranteed Obligations. Holdings assumes all responsibility for being and keeping itself informed of the Borrower’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations
and the nature, scope and extent of the risks which Holdings assumes and incurs hereunder, and agrees that neither the Administrative Agent nor any of the other Guaranteed Creditors shall have any duty to advise Holdings of information known to them
regarding such circumstances or risks. 
 14.09. Payments. All payments made by Holdings pursuant to this Section 14 shall
be made in Dollars and will be made without setoff, counterclaim or other defense, and shall be subject to the provisions of Sections 5.03 and 5.04. 

14.10. Maximum Liability. It is the desire and intent of Holdings and the Guaranteed Creditors that this Holdings Guaranty shall be
enforced against Holdings to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If, however, and to the extent that, the obligations of Holdings under this Holdings Guaranty
shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers), then the amount of Holdings’ obligations under
this Holdings Guaranty shall be deemed to be reduced and Holdings shall pay the maximum amount of the Guaranteed Obligations which would be permissible under applicable law. 

*        *        * 

  
 152 

 IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and
deliver this Agreement as of the date first above written. 
 Address: 
  

							
	 211 BI-LO Boulevard
 Greenville,
South Carolina 29607
 Attention: Kenneth Jones
 Facsimile:
(864)234-6999
  
	 		 	 BI-LO HOLDING, LLC
  

	 		 	  
 By:
	 	

	 		 		 	Name:
	 		 		 	Title:
	 with a copy to:
  

Hudson Advisors, LLC
 2711 N. Haskell Avenue, Suite 1800

Dallas, Texas 75204
 Attention: Legal Department

Facsimile: (214) 754-8302
	 		 		 	
			
	 211 BI-LO Boulevard
 Greenville,
South Carolina 29607
 Attention: Kenneth Jones
 Facsimile:
(864)234-6999
	 		 	 BI-LO, LLC
  

	 		 	  
 By:
	 	

	 		 		 	Name:
	 		 		 	Title:
	 with a copy to:
  

Hudson Advisors, LLC
 2711 N. Haskell Avenue, Suite 1800

Dallas, Texas 75204
 Attention: Legal Department

Facsimile: (214) 754-8302
	 		 		 	

  
 Signature Page to
ABL Credit Agreement 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, Individually, as Administrative Agent, as Collateral Agent, as a Collateral Monitor and as Issuing Lender
		
	By:	 	 /s/ Dusan Lazarov

		 	Name: Dusan Lazarov
		 	Title: Director
		
	By:	 	 /s/ Michael Getz

		 	Name: Michael Getz
		 	Title: Vice President

  
 Signature Page to
ABL Credit Agreement 

			
	 CITIBANK, N.A. as Lender, Collateral Monitor and Syndication Agent

 

		
	By:	 	 

		 	Name:
		 	Title:

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	SunTrust Bank, as a Co-Documentation Agent
		
	By:	 	 /s/ Scott Cowan

		 	Name: Scott Cowan
		 	Title: Director

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	 TD BANK, N.A., as a Lender
 and as a
Co-Documentation Agent

		
	By:	 	 /s/ William H. Moul, Jr.

		 	Name: William H. Moul, Jr.
		 	Title: Vice President

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Co-Documentation Agent and as a Collateral Monitor
		
	By:	 	 /s/ Brent E. Shay

		 	Name: Brent E. Shay
		 	Title: Director

  
 Signature Page to
ABL Credit Agreement 

			
	Wells Fargo Bank, National Association, as a Lender
		
	By:	 	 /s/ Brent E. Shay

		 	Name: Brent E. Shay
		 	Title: Director

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	Bank of Montreal, as a Lender
		
	By:	 	 /s/ John Gil

		 	Name: John Gil
		 	Title: Director

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	SUNTRUST BANK, as a Lender
		
	By:	 	 /s/ Mark Bohntinsky

		 	Name: Mark Bohntinsky
		 	Title: Managing Director

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	CIT Bank, as a Lender
		
	By:	 	 /s/ Kelly Hartnett

		 	Name: Kelly Hartnett
		 	Title: Authorized Signatory

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	U.S. Bank National Association, as a Lender
		
	By:	 	 /s/ Matthew Kasper

		 	Name: Matthew Kasper
		 	Title: Vice-President

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	Flagstar Bank, FSB, as a Lender
		
	By:	 	 /s/ Willard D. Dickerson, Jr.

		 	Name: Willard D. Dickerson, Jr.
		 	Title: Senior Vice President

  
 Signature Page to
BI-LO ABL Credit Agreement 

  

			
	PNC Bank, National Association, as a Lender
		
	By:	 	 /s/ Thomas J. Lorenz

		 	Name: Thomas J. Lorenz
		 	Title: Senior Vice President

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	COMPASS BANK, as a Lender
		
	By:	 	 /s/ Jason Nichols

		 	Name: Jason Nichols
		 	Title: Senior Vice President

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	RBS Citizen, N.A.                     , as a Lender
		
	By:	 	 /s/ Francis Garvin

		 	Name: Francis Garvin
		 	Title: Senior Vice President

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	Capital One Leverage Finance Corp., as a Lender
		
	By:	 	 /s/ Michael S. Burns

		 	Name: Michael S. Burns
		 	Title: SVP, Regional Manager

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	CITY NATIONAL BANK, A NATIONAL BANKING ASSOCIATION, as a Lender
		
	By:	 	 /s/ Brent Phillips

		 	Name: Brent Phillips
		 	Title: Vice President

  
 Signature Page to
BI-LO ABL Credit Agreement 

			
	 Webster Business Credit Corporation,

as a Lender

		
	By:	 	 /s/ Harvey Winter

		 	Name: Harvey Winter
		 	Title: Vice President

  
 Signature Page to
BI-LO ABL Credit Agreement 

 SCHEDULE 1.01(a) 

COMMITMENTS 
  

					
	 Lender
	  	Commitment	 
	 Citibank, N.A.
	  	$	90,000,000	  
	 Deutsche Bank Trust Company Americas
	  	$	90,000,000	  
	 Wells Fargo Bank, National Association
	  	$	75,000,000	  
	 Bank of Montreal
	  	$	55,000,000	  
	 SunTrust Bank
	  	$	55,000,000	  
	 TD Bank, N.A.
	  	$	55,000,000	  
	 CIT Bank
	  	$	40,000,000	  
	 U.S. Bank National Association
	  	$	40,000,000	  
	 Flagstar Bank, FSB
	  	$	35,000,000	  
	 PNC Bank, National Association
	  	$	35,000,000	  
	 Compass Bank
	  	$	30,000,000	  
	 RBS Citizens, N.A.
	  	$	30,000,000	  
	 Capital One Leverage Finance Corp.
	  	$	25,000,000	  
	 City National Bank, a National Banking Association
	  	$	25,000,000	  
	 Webster Business Credit Corporation
	  	$	20,000,000	  
		  	  
	  
	 
	 Total:
	  	$	700,000,000	  

 SCHEDULE 1.01(b) 

FISCAL PERIODS 
 Fiscal
Month, Quarter, and Year End Dates 
  

																			
	 	  	 	  	Fiscal	  	 	 	  	 	  	 	  	 	  	 	 
	 	  	Fiscal	  	Quarter	  	Fiscal	 	  	 	  	Fiscal	  	Fiscal	  	Fiscal	 
	 Period
	  	 Month End
	  	 End
	  	Year End	 	  	Period	  	 Month End
	  	 Quarter End
	  	Year End	 
	1	  	1/28/2012	  		  				  	1	  	1/31/2015	  		  			
	2	  	2/25/2012	  		  				  	2	  	2/28/2015	  		  			
	3	  	3/24/2012	  		  				  	3	  	3/28/2015	  		  			
	4	  	4/21/2012	  	Quarter 1	  				  	4	  	4/25/2015	  	Quarter 1	  			
	5	  	5/19/2012	  		  				  	5	  	5/23/2015	  		  			
	6	  	6/16/2012	  		  				  	6	  	6/20/2015	  		  			
	7	  	7/14/2012	  	Quarter 2	  				  	7	  	7/18/2015	  	Quarter 2	  			
	8	  	8/11/2012	  		  				  	8	  	8/15/2015	  		  			
	9	  	9/8/2012	  		  				  	9	  	9/12/2015	  		  			
	10	  	10/6/2012	  	Quarter 3	  				  	10	  	10/10/2015	  	Quarter 3	  			
	11	  	11/3/2012	  		  				  	11	  	11/7/2015	  		  			
	12	  	12/1/2012	  		  				  	12	  	12/5/2015	  		  			
	13	  	12/29/2012	  	Quarter 4	  	 	2012	  	  	13	  	1/2/2016	  	Quarter 4	  	 	2015	  
	1	  	1/26/2013	  		  				  	1	  	1/30/2016	  		  			
	2	  	2/23/2013	  		  				  	2	  	2/27/2016	  		  			
	3	  	3/23/2013	  		  				  	3	  	3/26/2016	  		  			
	4	  	4/20/2013	  	Quarter 1	  				  	4	  	4/23/2016	  	Quarter 1	  			
	5	  	5/18/2013	  		  				  	5	  	5/21/2016	  		  			
	6	  	6/15/2013	  		  				  	6	  	6/18/2016	  		  			
	7	  	7/13/2013	  	Quarter 2	  				  	7	  	7/16/2016	  	Quarter 2	  			
	8	  	8/10/2013	  		  				  	8	  	8/13/2016	  		  			
	9	  	9/7/2013	  		  				  	9	  	9/10/2016	  		  			
	10	  	10/5/2013	  	Quarter 3	  				  	10	  	10/8/2016	  	Quarter 3	  			
	11	  	11/2/2013	  		  				  	11	  	11/5/2016	  		  			
	12	  	11/30/2013	  		  				  	12	  	12/3/2016	  		  			
	13	  	12/28/2013	  	Quarter 4	  	 	2013	  	  	13	  	12/31/2016	  	Quarter 4	  	 	2016	  
	1	  	1/25/2014	  		  				  	1	  	1/28/2017	  		  			
	2	  	2/22/2014	  		  				  	2	  	2/25/2017	  		  			
	3	  	3/22/2014	  		  				  	3	  	3/25/2017	  		  			
	4	  	4/19/2014	  	Quarter 1	  				  	4	  	4/22/2017	  	Quarter 1	  			
	5	  	5/17/2014	  		  				  	5	  	5/20/2017	  		  			
	6	  	6/14/2014	  		  				  	6	  	6/17/2017	  		  			
	7	  	7/12/2014	  	Quarter 2	  				  	7	  	7/15/2017	  	Quarter 2	  			
	8	  	8/9/2014	  		  				  	8	  	8/12/2017	  		  			
	9	  	9/6/2014	  		  				  	9	  	9/9/2017	  		  			
	10	  	10/4/2014	  	Quarter 3	  				  	10	  	10/7/2017	  	Quarter 3	  			
	11	  	11/1/2014	  		  				  	11	  	11/4/2017	  		  			
	12	  	11/29/2014	  		  				  	12	  	12/2/2017	  		  			
	13	  	1/3/2015	  	Quarter 4	  	 	2014	  	  	13	  	12/30/2017	  	Quarter 4	  	 	2017	  

  

  
 [Schedules to Credit
Agreement] 

 Notes: 
  

	 ̈	The Credit Parties’ fiscal year end falls on the Saturday closest to 12/31 each year. 

  

	 ̈	The Credit Parties’ fiscal year consists of 13 equal four week accounting periods, each ending on a Saturday. 

  

	 ̈	Quarter 1 in each year includes 16 weeks (four equal four week accounting periods) 

  

	 ̈	Quarters 2, 3 and 4 include 12 weeks (three equal four week accounting periods) 

  

	 ̈	2014 is a 53 week year; therefore, Q4 2014 includes 13 weeks vs. 12 weeks. The extra week in 2014 is included in the 13th accounting period. 

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 1.01(c) 

SCHEDULED PROPERTIES 

Owned Real Property/Excess Real Estate 
  

							
	 STORE/ASSET ID
	  	 ADDRESS
	  	 CITY
	  	 STATE

	 548
	  	850 Folly Rd.	  	James Island	  	SC
	 400
	  	NWC of Roxboro Rd. & Infinity Rd.	  	Durham	  	NC
	 436-C
	  	Country Club & Meadowlark	  	Winston-Salem	  	NC
	 418
	  	Hwy 14 & Buncombe Rd	  	Greer	  	SC
	 648
	  	W/S Rauch Metz Rd.	  	Ballentine	  	SC
	 731
	  	Hwy 81 & Hwy 86	  	Wren	  	SC
	 465
	  	Old Georgia & Blackstock Rd.	  	Roebuck	  	SC
	 437
	  	1555 E. Union St.	  	Morganton	  	NC
	 701- 2, 701-4, 701- 5
	  	2186 Cherry Rd.	  	Rock Hill	  	SC
	 335-L
	  	6951 Lee Hwy.	  	Chattanooga	  	TN
	 32
	  	819 W. Carolina Ave.	  	Hartsville	  	SC
	 358-L
	  	2135 E. Broadway	  	Maryville	  	TN
	 660
	  	NWC of East Dykes St.	  	Cochran	  	GA
	 569
	  	Sulphur Springs Rd.	  	Greenville	  	SC
	 708
	  	Heckle & Herlong	  	Rock Hill	  	SC
	 606-L
	  	4510 Hwy. 58	  	Chattanooga	  	TN
	 539-L, 539-D
	  	501 Old Greenville Hwy.	  	Clemson	  	SC
	 547- L1
	  	205 NC Hwy. 9	  	Black Mountain	  	NC

  
 [Schedules to Credit
Agreement] 

							
	 STORE/ASSET ID
	 	 ADDRESS
	 	 CITY
	 	 STATE

	 406
	 	319 Chickamauga Ave.	 	Rossville	 	GA
	 57-1
	 	2607 Woodruff Road	 	Greenville	 	SC
	 125
	 	1625 West Tharpe St.	 	Tallahassee	 	FL
	 129
	 	3905 AlA South	 	St. Augustine Beach	 	FL
	 247
	 	1155 11th Street	 	Miami.	 	FL
	 267 and adjoining shopping center
	 	5501 – 5575 & 5585 Overseas Highway	 	Marathon	 	FL
	 1577
	 	13002 Coursey Blvd.	 	Baton Rouge	 	LA
	 1591
	 	28145 Walker S. Rd	 	Walker	 	LA
	 Baldwin Distribution Center
	 	15500 Beaver St.	 	Jacksonville	 	FL
	 Baldwin Tract
	 	15500 Beaver. St.	 	Jacksonville	 	FL
	 #2624 Vicksburg Outparcels
	 	2080 South Frontage Rd	 	Vicksburg	 	MS
	 Callahan Tract
	 	US 1 & Lem Turner Road	 	Callahan	 	FL
	 Outparcel #1701
	 	6970 SR 18 (Turfway Rd)	 	Florence	 	KY
	 Outparcel #945
	 	1013 Virginia Highway	 	Clarksville	 	VA
	 Montgomery Distribution Center Outparcel
	 	6080 U.S. Highway 31/ 6080 Mobile Highway (addresses used interchangeably)	 	South Montgomery	 	AL

  

  
 [Schedules to Credit
Agreement] 

 Closed Stores: Leases Retained 

 

							
	 STORE/ASSET ID
	  	 ADDRESS
	  	 CITY
	  	 STATE

	 393
	  	2131 Old Spartanburg Rd.	  	Greer	  	SC
	 616
	  	2375 Cherry St.	  	Rock Hill	  	SC
	 710
	  	500 Old Greenville Hwy.	  	Clemson	  	SC

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 1.01(d) 

SCHEDULED SALE LEASEBACK PROPERTIES 

Sale Leaseback Candidates (Ground Lease) 
  

							
	 STORE/ASSET ID
	  	 ADDRESS
	  	 CITY
	  	 STATE

	 448
	  	850 Folly Rd	  	Charleston	  	SC
	 650
	  	20 Haywood Rd.	  	Greenville	  	SC
	 105
	  	720 Main Street	  	North Myrtle Beach	  	SC
	 608
	  	2111 North Pleasantburg Dr.	  	Greenville	  	SC
	 723
	  	300 Knox Abbott Drive	  	Cayce	  	SC

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 1.01(e) 

QUALIFIED CREDIT CARD ISSUERS 
 American
Express 
 Visa 
 Master Card 

Discover 

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 1.01(f) 

QUALIFIED CREDIT CARD PROCESSORS 

American Express Travel Related Services, Inc. 
 Vantiv, LLC
(f/k/a Fifth Third Processing Solutions) (a/k/a Fifth Third Bank) 
 Discover Network 

RBS World Pay, Inc. (f/k/a RBS Lynk Incorporated) (a/k/a RBS Citizens, N.A.) 

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 3.01(a) 

EXISTING LETTERS OF CREDIT 
 BI-LO
Entities: 
  

																			
	 ACCOUNT PARTY
	 	 ISSUING LENDER
	 	LC #	 	 	AMOUNT 
(IN US 
DOLLARS)	 	 	EXPIRATION	 	 	 BENEFICIARY
	 	STANDBY/TRADE
LETTERS OF
CREDIT
	 BI-LO, LLC
	 	Wells FargoBank,National Association	 	 	SM233993W	  	 	 	256,240.26	  	 	 	03/19/12	1 	 	Fidelity & Deposit Co. of Maryland	 	Standby
	 BI-LO, LLC
	 	Wells FargoBank,National Association	 	 	SM237556W	  	 	 	6,250,000.00	  	 	 	03/19/13	2 	 	Fidelity & Deposit Co. of Maryland	 	Standby
	 BI-LO, LLC
	 	Wells FargoBank,National Association	 	 	SM227173W	  	 	 	17,246,603.00	  	 	 	10/18/12	3 	 	Ace Indemnity	 	Standby
	 BI-LO, LLC
	 	Wells FargoBank,National Association	 	 	SM227176W	  	 	 	3,800,000.00	  	 	 	10/18/12	4 	 	Ace Indemnity	 	Standby

 Winn-Dixie Entities: 

Attached. 
  

	1 	Evergreen Annual Renewal 

	2 	Evergreen Annual Renewal 

	3 	Evergreen Annual Renewal 

	4 	Evergreen Annual Renewal 

  
 [Schedules to Credit
Agreement] 

					
	

	  	 Wells Fargo Bank, N.A.

Outstanding Summary Report
 For
Applicant: WINN DIXIE STORES
	  	 Page: 1
  

Date: 03/06/2012

 Applicant
Name: WINN-DIXIE MONTGOMERY, INC. 
  

																			
	L/C Bank	  	 	  	 	  	 	  	 	  	 	  	Opening	  	Expiry	  	L/C Equiv	  	 
	Reference	  	L/C Cust Reference	  	Site	  	Trans	  	Beneficiary	  	Ctry	  	Date	  	Date	  	Liability Balance	  	 
	 SM230360
	  	SM230360	  	USA	  	SBLC	  	MISSISSIPPI WORKERS’ COMPENSATION	  		  	03/11/2008	  	02/25/2013	  	1,100,000.00	  	USD
		  		  		  		  		  		  	Appl Name Total:	  	1,100,000.00	  	
						
	 Applicant Name: WINN-DIXIE STORES
	  		  		  		  		  	
										
	L/C Bank	  	 	  	 	  	 	  	 	  	 	  	Opening	  	Expiry	  	L/C Equiv	  	 
	Reference	  	L/C Cust Reference	  	Site	  	Trans	  	Beneficiary	  	Ctry	  	Date	  	Date	  	Liability Balance	  	 
	 IC0029086U
	  	II0915118B8FWNDX	  	USA	  	IMLC	  	4 SEASONS GLOBAL, INC.	  	US	  	10/06/2011	  	02/10/2012	  	36.00	  	USD
	 IC0029275U
	  	II101211DA41WNDX	  	USA	  	IMLC	  	FAR EAST BROKERS AND CONSULTANTS	  	US	  	10/19/2011	  	04/15/2012	  	120,885.12	  	USD
	 IC0029655U
	  	II0104123973WNDX	  	USA	  	IMLC	  	4 SEASONS GLOBAL, INC.	  	US	  	01/19/2012	  	04/10/2012	  	45,869.04	  	USD
	 IC0029836U
	  	II0220124A19WNDX	  	USA	  	IMLC	  	YOUNG DEVELOPMENT TEXTILE (NANTONG) CO., LTD	  	CN	  	02/28/2012	  	05/22/2012	  	64,825.80	  	USD
		  		  		  		  		  		  	Appl Name Total:	  	231,615.96	  	
						
	 Applicant Name: WINN-DIXIE STORES, INC.
	  		  		  		  		  	
										
	L/C Bank	  	 	  	 	  	 	  	 	  	 	  	Opening	  	Expiry	  	L/C Equiv	  	 
	Reference	  	L/C Cust Reference	  	Site	  	Trans	  	Beneficiary	  	Ctry	  	Date	  	Date	  	Liability Balance	  	 
	 SM203150
	  	IPSM20315000	  	USA	  	SBLC	  	UNITED STATES FIDELITY AND GUARANTY	  	US	  	05/09/2003	  	05/07/2012	  	3,835,000.00	  	USD
	 SM207389
	  	SM207389	  	USA	  	SBLC	  	LIBERTY MUTUAL INSURANCE COMPANY	  	US	  	03/17/2004	  	03/18/2013	  	11,999,793.42	  	USD
	 SM209408
	  	SM209408	  	USA	  	SBLC	  	ACE AMERICAN INSURANCE COMPANY	  	US	  	07/30/2004	  	07/29/2012	  	31,157,135.00	  	USD
	 SM212293
	  	SM212293	  	USA	  	SBLC	  	FLORIDA SELF INSURERS GUARANTY	  	US	  	02/14/2005	  	02/14/2013	  	11,642,145.00	  	USD
	 SM213022
	  	SM213022	  	USA	  	SBLC	  	STATE OF ALABAMA	  		  	04/04/2005	  	03/31/2013	  	10,000,000.00	  	USD
	 SM216487
	  	SM216487	  	USA	  	SBLC	  	AMERICAN CASUALTY COMPANY OF ***	  		  	10/25/2005	  	11/10/2012	  	100,000.00	  	USD
	 SM217527
	  	SM217527	  	USA	  	SBLC	  	GEORGIA SELF INSURERS GUARANTY	  		  	12/23/2005	  	12/15/2010	  	0.00	  	USD
	 SM225240
	  	SM225240	  	USA	  	SBLC	  	RBS ASSET FINANCE, INC.	  		  	04/09/2007	  	04/05/2012	  	1,000,000.00	  	USD
	 SM234272
	  	SM234272	  	USA	  	SBLC	  	GENERAL ELECTRIC CAPITAL	  		  	03/17/2009	  	03/16/2013	  	1,000,000.00	  	USD
	 SM236621
	  	SM236621	  	USA	  	SBLC	  	CSX INTERMODAL, INC.	  		  	02/25/2010	  	10/22/2011	  	0.00	  	USD
	 SM237442
	  	SM237442	  	USA	  	SBLC	  	NATIONAL UNION FIRE INSURANCE CO.	  	US	  	08/04/2010	  	07/01/2012	  	14,141,096.00	  	USD
	 SM237657
	  	IPCX-862066	  	USA	  	SBLC	  	JPMORGAN CHASE BANK, N.A., 4 NEW	  		  	08/11/2010	  	08/11/2012	  	4,148,096.00	  	USD
	 SM417890
	  	IPSM41789000	  	USA	  	SBLC	  	LUMBERMENS MUTUAL CASUALTY COMPANY	  		  	08/17/2001	  	09/01/2011	  	0.00	  	USD
	 SM420441
	  	IPSM42044100	  	USA	  	SBLC	  	RELIANCE INSURANCE COMPANY	  		  	03/27/2002	  	03/27/2013	  	7,501,000.00	  	USD
	 SM420868
	  	IPSM42086800	  	USA	  	SBLC	  	SOUTH CAROLINA WORKERS COMPENSATION	  		  	05/07/2002	  	05/08/2012	  	700,000.00	  	USD

					
	

	  	 Wells Fargo Bank, N.A.

Outstanding Summary Report
 For
Applicant: WINN DIXIE STORES
	  	 Page: 2
  

Date: 03/06/2012

  

 Applicant Name: WINN-DIXIE STORES, INC. 

 

																																	
	L/C Bank	  	 	 	  	 	 	  	 	 	  	 	  	 	  	Opening	 	  	Expiry	 	  	L/C Equiv	 	  	 	 
	Reference	  	L/C Cust Reference	 	  	Site	 	  	Trans	 	  	Beneficiary	  	Ctry	  	Date	 	  	Date	 	  	Liability Balance	 	  	 	 
	 SM420871
	  	 	IPSM42087100	  	  	 	USA	  	  	 	SBLC	  	  	DIRECTOR, SELF-INSURANCE REGULATION	  		  	 	05/07/2002	  	  	 	05/08/2012	  	  	 	9,100,000.00	  	  	 	USD	  
		  				  				  				  		  		  	 	Appl Name Total:	  	  	 	106,324,265.42	  	  			
		  				  				  				  		  		  	 	Total:	  	  	 	107,655,881.38	  	  			
	 BA/ACCPT Summary:
	   
	  				  		  		  				  				  				  			
		  				  				  				  		  		  	 	Total:	  	  				  				  			

  

	***	END OF OUTSTANDING SUMMARY REPORT 

 SCHEDULE 8.10 

PLANS 
 Employee Benefit
Plans 
  

	1.	401(k) Retirement Plan 

  

	2.	Medical 

  

	3.	Dental 

  

	4.	Prescription Drug 

  

	5.	Vision Insurance 

  

	6.	Flexible Spending Accounts 

  

	7.	Basic Life Insurance 

  

	8.	Spouse Life Insurance 

  

	9.	Child Life Insurance 

  

	10.	Supplemental Life Insurance 

  

	11.	Accidental Death and Dismemberment 

  

	12.	Supplemental Accidental Death and Dismemberment 

  

	13.	Short Term Disability (Hourly and Salaried employees) 

  

	14.	Long Term Disability (Salaried employees) 

  

	15.	Supplemental Short/Long Term Disability 

  

	16.	Group Auto Insurance 

  

	17.	Group Homeowners Insurance 

  

	18.	Legal Plan 

  

	19.	Critical Illness Insurance 

  

	20.	Accident Insurance 

  

	21.	Whole Life Insurance 

  
 [Schedules to Credit
Agreement] 

	22.	Employee Assistance Plan 

  

	23.	Vacation pay 

  

	24.	Holiday pay 

  

	25.	Adoption Assistance 

  

	26.	Paid Personal Leave (Hourly employees) 

  

	27.	Funeral Leave 

  

	28.	Medical Leave 

  

	29.	Paid Jury Duty 

  

	30.	Service Awards 

  

	31.	Executive Physical Plan (Grade 18 and up) 

  

	32.	Executive Health Club Reimbursement (Grade 18 and up) 

  

	33.	Executive Long Term Disability Plan (Grade 18 and up) 

  

	34.	Executive Legal/Tax/Financial Planning (EVP and up) 

  

	35.	Executive Management Incentive Compensation Plan. 

  

	36.	General Management Incentive Plan (“GMIP”) 

  

	37.	Store Management Incentive Plan (“SMIP”) 

  

	38.	Pharmacy Incentive Plan (“RxIP”) 

  

	39.	Supplemental General Management Incentive Plan (“SGMIP”) for Officers and Directors 

  

	40.	Winn-Dixie Stores, Inc. Executive Severance Plan, effective January 31, 2008. 

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 8.12 

REAL PROPERTY 
 Leased
Store Locations 
 Note: This schedule contains each store location for which Holdings or any of its Restricted Subsidiaries, as of the Effective Date,
leases the store as tenant. 
 BI-LO 
  

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 6
	  	2712 Anderson Road	  	Greenville	  	SC	  	 	29611	  	  	Greenville
						
	 11
	  	245 Macon Plaza	  	Franklin	  	NC	  	 	28734	  	  	Macon
						
	 12
	  	500 North Main Street	  	Greenville	  	SC	  	 	29601	  	  	Greenville
						
	 16
	  	6 Church Street	  	Greenville	  	SC	  	 	29601	  	  	Greenville
						
	 22
	  	155 South Leroy Street	  	Metter	  	GA	  	 	30439	  	  	Candler
						
	 26
	  	595 US 601 Bypass South	  	Concord	  	NC	  	 	28025	  	  	Cabarrus
						
	 31
	  	120 East Winthrope Ave.	  	Millen	  	GA	  	 	30442	  	  	Jenkins
						
	 32
	  	819 West Carolina Avenue	  	Hartsville	  	SC	  	 	29550	  	  	Darlington
						
	 41
	  	571 E. Bypass 9	  	Lancaster	  	SC	  	 	29720	  	  	Lancaster
						
	 42
	  	351 South Main Street	  	Woodruff	  	SC	  	 	29388	  	  	Spartanburg

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 46
	  	927 S. Broad Street	  	Clinton	  	SC	  	 	29325	  	  	Laurens
						
	 57
	  	2607 Woodruff Rd	  	Simpsonville	  	SC	  	 	29681	  	  	Greenville
						
	 64
	  	3315-B Broad River Rd.	  	Columbia	  	SC	  	 	29210	  	  	Richland
						
	 65
	  	7830 Garners Ferry Road	  	Columbia	  	SC	  	 	29209	  	  	Richland
						
	 74
	  	1357 Remount Rd	  	N. Charleston	  	SC	  	 	29406	  	  	Charleston
						
	 85
	  	1750 Rutherford Road	  	Landrum	  	SC	  	 	29356	  	  	Spartanburg
						
	 89
	  	11153 Asheville Avenue	  	Inman	  	SC	  	 	29349	  	  	Spartanburg
						
	 92
	  	3715 E. North St.	  	Greenville	  	SC	  	 	29615	  	  	Greenville
						
	 93
	  	6507 Wilkinson Blvd.	  	Belmont	  	NC	  	 	28012	  	  	Gaston
						
	 97
	  	191 BI-LO Plaza	  	Seneca	  	SC	  	 	29678	  	  	Oconee
						
	 99
	  	9815 Rose Common Drive	  	Huntersville	  	NC	  	 	28078	  	  	Mecklenburg
						
	 101
	  	672 HWY 17 By-Pass	  	Mt. Pleasant	  	SC	  	 	29464	  	  	Charleston
						
	 103
	  	500 Fury’s Ferry Rd	  	Martinez	  	GA	  	 	30907	  	  	Columbia
						
	 104
	  	1610 U.S. Hwy 17 S.	  	Surfside Beach	  	SC	  	 	29575	  	  	Horry
						
	 107
	  	5020 Dick Pond Road	  	Socastee	  	SC	  	 	29575	  	  	Horry
						
	 108
	  	8120 S. Tryon Street	  	Charlotte	  	NC	  	 	28273	  	  	Mecklenburg

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 113
	  	3720 Boiling Springs Road	  	Boiling Springs	  	SC	  	 	29316	  	  	Spartanburg
						
	 116
	  	1241 38th Avenue North	  	Myrtle Beach	  	SC	  	 	29577	  	  	Horry
						
	 135
	  	421 Columbia Avenue	  	Lexington	  	SC	  	 	29072	  	  	Lexington
						
	 150
	  	3619 Pelham Road	  	Greenville	  	SC	  	 	29615	  	  	Greenville
						
	 153
	  	3125 Bees Ferry Road	  	Charleston	  	SC	  	 	29414	  	  	Charleston
						
	 156
	  	8620 Camfield St	  	Charlotte	  	NC	  	 	28277	  	  	Mecklenburg
						
	 158
	  	2127 Boundary St.	  	Beaufort	  	SC	  	 	29902	  	  	Beaufort
						
	 161
	  	1365 W. Wade Hampton Blvd	  	Greer	  	SC	  	 	29650	  	  	Greenville
						
	 164
	  	95 Matthews Drive	  	Hilton Head Island	  	SC	  	 	29928	  	  	Beaufort
						
	 167
	  	323 North Duncan By-pass	  	Union	  	SC	  	 	29379	  	  	Union
						
	 168
	  	404 Russ Avenue	  	Waynesville	  	NC	  	 	28786	  	  	Haywood
						
	 172
	  	500 East Greer St	  	Honea Path	  	SC	  	 	29654	  	  	Greenwood
						
	 173
	  	1041 Franklin Springs St	  	Royston	  	GA	  	 	30662	  	  	Franklin
						
	 178
	  	712 S. Alabama Avenue	  	Chesnee	  	SC	  	 	29323	  	  	Spartanburg
						
	 181
	  	1256 Hwy 9 BY Pass West	  	Lancaster	  	SC	  	 	29720	  	  	Lancaster
						
	 182
	  	2401 Reidville Rd.	  	Spartanburg	  	SC	  	 	29301	  	  	Spartanburg

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 185
	  	1351 S. Cannon Blvd.	  	Kannapolis	  	NC	  	 	28081	  	  	Cabarrus
						
	 188
	  	207 W. Butler	  	Mauldin	  	SC	  	 	29662	  	  	Greenville
						
	 195
	  	2435 E. North St.	  	Greenville	  	SC	  	 	29615	  	  	Greenville
						
	 199
	  	5155 Calhoun Memorial Highway	  	Easley	  	SC	  	 	29640	  	  	Pickens
						
	 200
	  	5336 Prosperity Church Rd	  	Charlotte	  	NC	  	 	28269	  	  	Mecklenburg
						
	 202
	  	1735 Heckle Blvd. Suite 115	  	Rock Hill	  	SC	  	 	29732	  	  	York
						
	 206
	  	2204 Union Rd	  	Gastonia	  	NC	  	 	28054	  	  	Gaston
						
	 211
	  	500 North Main Street	  	Marion	  	NC	  	 	28752	  	  	McDowell
						
	 214
	  	1013 W. Floyd Baker Blvd.	  	Gaffney	  	SC	  	 	29340	  	  	Cherokee
						
	 217
	  	801 Fairview Road	  	Asheville	  	NC	  	 	28803	  	  	Buncombe
						
	 218
	  	9003 Two Notch Road	  	Columbia	  	SC	  	 	29223	  	  	Richland
						
	 219
	  	427 North Generals Blvd.	  	Lincolnton	  	NC	  	 	28092	  	  	Lincoln
						
	 224
	  	263 Liberty Street	  	Waynesboro	  	GA	  	 	30830	  	  	Burke
						
	 228
	  	975 Bacons Bridge Rd #117	  	Summerville	  	SC	  	 	29485	  	  	Dorchester
						
	 229
	  	2725 E. Northwest Blvd.	  	Newton	  	NC	  	 	28658	  	  	Catawba
						
	 232
	  	8 Chesterfield Road	  	Cheraw	  	SC	  	 	29520	  	  	Chesterfield

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 237
	  	6320 Albemarle Rd	  	Charlotte	  	NC	  	 	28212	  	  	Mecklenburg
						
	 246
	  	142 E. Street James Ave.	  	Goose Creek	  	SC	  	 	29445	  	  	Berkeley
						
	 256
	  	330 Lebby St	  	Pelzer	  	SC	  	 	29669	  	  	Anderson
						
	 262
	  	1016 Pine Log Rd	  	Aiken	  	SC	  	 	29803	  	  	Aiken
						
	 265
	  	100 North Town Dr.	  	Spartanburg	  	SC	  	 	29303	  	  	Spartanburg
						
	 266
	  	4391 Dorchester Rd	  	N. Charleston	  	SC	  	 	29405	  	  	Charleston
						
	 267
	  	1500 Western Square Drive	  	Laurens	  	SC	  	 	29360	  	  	Laurens
						
	 268
	  	1436 J. A. Cochran By-Pass	  	Chester	  	SC	  	 	29706	  	  	Chester
						
	 269
	  	901 Church Street	  	Conway	  	SC	  	 	29526	  	  	Horry
						
	 270
	  	2901 South Main St.	  	Anderson	  	SC	  	 	29624	  	  	Anderson
						
	 271
	  	2230 Decker Blvd.	  	Columbia	  	SC	  	 	29223	  	  	Richland
						
	 272
	  	494 S. Pleasantburg Rd.	  	Greenville	  	SC	  	 	29607	  	  	Greenville
						
	 273
	  	1818 Woodruff Rd.	  	Greenville	  	SC	  	 	29607	  	  	Greenville
						
	 274
	  	2460 Hudson Rd.	  	Greer	  	SC	  	 	29651	  	  	Greenville
						
	 275
	  	70 Pope Avenue	  	Hilton Head	  	SC	  	 	29928	  	  	Beaufort
						
	 276
	  	687 Main St.	  	Thomson	  	GA	  	 	30824	  	  	McDuffie

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 277
	  	1706 E. Greenville St.	  	Anderson	  	SC	  	 	29621	  	  	Anderson
						
	 279
	  	9108 Lawyers Rd.	  	Mint Hill	  	NC	  	 	28227	  	  	Mecklenburg
						
	 280
	  	809 W. Greenwood Street	  	Abbeville	  	SC	  	 	29620	  	  	Abbeville
						
	 282
	  	4464 Devine St.	  	Columbia	  	SC	  	 	29205	  	  	Richland
						
	 283
	  	1021 S. Pendleton	  	Easley	  	SC	  	 	29642	  	  	Pickens
						
	 284
	  	110 S. Hwy. 52, Suite B	  	Monck’s Corner	  	SC	  	 	29461	  	  	Berkeley
						
	 285
	  	1937 Wilson Road	  	Newberry	  	SC	  	 	29108	  	  	Newberry
						
	 286
	  	1909 U.S. Hwy. 17 North	  	Mt. Pleasant	  	SC	  	 	29464	  	  	Charleston
						
	 287
	  	717D East Liberty Street	  	York	  	SC	  	 	29745	  	  	York
						
	 288
	  	210 Forrest Gate Center	  	Pisgah Forest	  	NC	  	 	28768	  	  	Transylvania
						
	 289
	  	3039 Wade Hampton Blvd.	  	Taylors	  	SC	  	 	29687	  	  	Greenville
						
	 290
	  	3900-B. N. Main Street	  	Columbia	  	SC	  	 	29203	  	  	Richland
						
	 291
	  	709 Lower Heard Street	  	Elberton	  	GA	  	 	30635	  	  	Elbert
						
	 292
	  	2512 Tobacco Road	  	Hephzibah	  	GA	  	 	30815	  	  	Richmond
						
	 296
	  	1452 Boone Hill Road	  	Summerville	  	SC	  	 	29483	  	  	Dorchester
						
	 297
	  	715 E. Wade Hampton Blvd.	  	Greer	  	SC	  	 	29651	  	  	Spartanburg

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 301
	  	7804 E. Brainerd Rd.	  	Chattanooga	  	TN	  	 	37421	  	  	Hamilton
						
	 305
	  	1600 East 23rd Street	  	Chattanooga	  	TN	  	 	37403	  	  	Hamilton
						
	 315
	  	703 Signal Mountain Rd.	  	Chattanooga	  	TN	  	 	37405	  	  	Hamilton
						
	 324
	  	420 Market Street	  	Dayton	  	TN	  	 	37321	  	  	Rhea
						
	 326
	  	3600 Hixson Pike	  	Chattanooga	  	TN	  	 	37415	  	  	Hamilton
						
	 333
	  	112 Crimson Drive	  	Trenton	  	GA	  	 	30752	  	  	Dade
						
	 335
	  	6951 Lee Highway	  	Chattanooga	  	TN	  	 	37421	  	  	Hamilton
						
	 343
	  	2310 McGrady Drive, SE	  	Cleveland	  	TN	  	 	37323	  	  	Bradley
						
	 346
	  	1873 Battlefield Pkwy.	  	Ft. Oglethorpe	  	GA	  	 	30742	  	  	Catoosa
						
	 347
	  	841 U.S. 411 North	  	Etowah	  	TN	  	 	37331	  	  	McMinn
						
	 349
	  	531 Battlefield Pkwy.	  	Ft. Oglethorpe	  	GA	  	 	30742	  	  	Catoosa
						
	 352
	  	311 North Main St.	  	LaFayette	  	GA	  	 	30728	  	  	Walker
						
	 359
	  	4011 Brainerd Rd.	  	Chattanooga	  	TN	  	 	37411	  	  	Hamilton
						
	 373
	  	9213 Lee Highway	  	Ooltewah	  	TN	  	 	37363	  	  	Hamilton,
						
	 393
	  	2131 Old Spartanburg Road15	  	Greer	  	SC	  	 	29650	  	  	Greenville

  

	5 	Asset 393 is a closed BI-LO store, a small portion of which is currently being used for shelving and rack storage. 

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 406
	  	319 Chickamauga Avenue	  	Rossville	  	GA	  	 	30741	  	  	Walker
						
	 408
	  	2199 Southport Road	  	Spartanburg	  	SC	  	 	29302	  	  	Spartanburg
						
	 409
	  	1200 Sam Rittenberg Blvd	  	Charleston	  	SC	  	 	29407	  	  	Charleston
						
	 410
	  	774 South Shelmore Boulevard	  	Mt. Pleasant	  	SC	  	 	29464	  	  	Charleston
						
	 412
	  	255 Ocoee Crossing	  	Cleveland	  	TN	  	 	37312	  	  	Bradley
						
	 413
	  	2924 Mt. Holly-Huntersville Road	  	Charlotte	  	NC	  	 	28214	  	  	Mecklenburg
						
	 415
	  	342 Blue Ridge Street	  	Blairsville	  	GA	  	 	30512	  	  	Union
						
	 417
	  	2055 Wedgefield Road	  	Sumter	  	SC	  	 	29150	  	  	Sumter
						
	 419
	  	115 Rochester Hwy.	  	Seneca	  	SC	  	 	29672	  	  	Oconee
						
	 420
	  	1909 E. Broad Street	  	Statesville	  	NC	  	 	28677	  	  	Iredell
						
	 421
	  	511 Smokey Park Hwy	  	Asheville	  	NC	  	 	28715	  	  	Buncombe
						
	 423
	  	1149 York Street	  	Aiken	  	SC	  	 	29801	  	  	Aiken
						
	 430
	  	502 G.I. Maddox Parkway	  	Chatsworth	  	GA	  	 	30705	  	  	Murray
						
	 431
	  	1109 W. Ogeechee Street	  	Sylvania	  	GA	  	 	30467	  	  	Screven
						
	 432
	  	155 Carolina Square	  	Edgefield	  	SC	  	 	29824	  	  	Edgefield
						
	 437
	  	1555 E. Union Street	  	Morganton	  	NC	  	 	28655	  	  	Burke

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 441
	  	1319 N. Long Street	  	Kingstree	  	SC	  	 	29556	  	  	Williamsburg
						
	 442
	  	6021 St. Andrews Road	  	Columbia	  	SC	  	 	29212	  	  	Lexington
						
	 444
	  	1620 Ashley Road	  	Charlotte	  	NC	  	 	28208	  	  	Mecklenburg
						
	 445
	  	4430 The Plaza	  	Charlotte	  	NC	  	 	28215	  	  	Mecklenburg
						
	 446
	  	12189 Greenville Hwy	  	Lyman	  	SC	  	 	29365	  	  	Spartanburg
						
	 461
	  	14427 Ocean Hwy	  	Pawley’s Island	  	SC	  	 	29585	  	  	Georgetown
						
	 510
	  	3715 Ringgold Road	  	East Ridge	  	TN	  	 	37412	  	  	Hamilton
						
	 513
	  	365 Riverside Drive SW	  	Orangeburg	  	SC	  	 	29115	  	  	Orangeburg
						
	 514
	  	2803 Wrightsboro Road	  	Augusta	  	GA	  	 	30909	  	  	Richmond
						
	 519
	  	140 Fernwood Dr.	  	Spartanburg	  	SC	  	 	29307	  	  	Spartanburg
						
	 521
	  	1126 U.S. Hwy 321 Bus. South	  	Winnsboro	  	SC	  	 	29180	  	  	Fairfield
						
	 522
	  	111 Edgewood Avenue	  	N. Augusta	  	SC	  	 	29841	  	  	Aiken
						
	 525
	  	860 Parris Island Gateway	  	Beaufort	  	SC	  	 	29906	  	  	Beaufort
						
	 526
	  	200 Friarsgate Boulevard	  	Irmo	  	SC	  	 	29063	  	  	Richland
						
	 530
	  	12810 York Road	  	Charlotte	  	NC	  	 	28273	  	  	Mecklenburg
						
	 534
	  	1101 East First	  	Vidalia	  	GA	  	 	30474	  	  	Toombs

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 538
	  	10161 Old Dayton Pike	  	Soddy Daisy	  	TN	  	 	37379	  	  	Hamilton
						
	 539
	  	501 Old Greenville Hwy	  	Clemson	  	SC	  	 	29631	  	  	Pickens
						
	 542
	  	3457 Peach Orchard Road	  	Augusta	  	GA	  	 	30906	  	  	Richmond
						
	 547
	  	205 NC Highway 9	  	Black Mountain	  	NC	  	 	28711	  	  	Buncombe
						
	 550
	  	500 Pamplico Hwy.	  	Florence	  	SC	  	 	29505	  	  	Florence
						
	 552
	  	2700 Gentry Memorial Hwy #B	  	Pickens	  	SC	  	 	29671	  	  	Pickens
						
	 553
	  	2010 Montague Avenue	  	Greenville	  	SC	  	 	29646	  	  	Greenville
						
	 554
	  	14 U.S. Hwy 74A By-Pass	  	Rutherfordton	  	NC	  	 	28139	  	  	Rutherford
						
	 555
	  	714 Bypass 25 NE	  	Greenwood	  	SC	  	 	29646	  	  	Greenwood
						
	 558
	  	249 W. Columbia Ave	  	Batesburg	  	SC	  	 	29006	  	  	Lexington
						
	 560
	  	1631 Gordon Highway	  	Augusta	  	GA	  	 	30906	  	  	Richmond
						
	 563
	  	1315 S. Pleasantburg	  	Greenville	  	SC	  	 	29605	  	  	Greenville
						
	 566
	  	7709 Hwy 76	  	Pendleton	  	SC	  	 	29670	  	  	Anderson
						
	 567
	  	34 Statesboro Mall, Northside Dr.	  	Statesboro	  	GA	  	 	30458	  	  	Bulloch
						
	 568
	  	3518 Hwy 153 (Powdersville)	  	Greenville	  	SC	  	 	29611	  	  	Anderson
						
	 577
	  	136 Washington Plaza	  	Washington	  	GA	  	 	30673	  	  	Wilkes

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 578
	  	2453 Charleston Hwy.	  	Cayce	  	SC	  	 	29033	  	  	Lexington
						
	 580
	  	2916 Emanuel Church Rd	  	W. Columbia	  	SC	  	 	29073	  	  	Lexington
						
	 581
	  	3220 W. Blue Ridge Dr.	  	Greenville	  	SC	  	 	29611	  	  	Greenville
						
	 582
	  	421 Hwy 27 S.	  	Stanley	  	NC	  	 	28164	  	  	Gaston
						
	 587
	  	508 Lamar Highway	  	Darlington	  	NC	  	 	29532	  	  	Darlington
						
	 593
	  	2640 W. Palmetto St	  	Florence	  	SC	  	 	29501	  	  	Florence
						
	 603
	  	120 Henderson Crossing	  	Hendersonville	  	NC	  	 	28792	  	  	Henderson
						
	 604
	  	4435 Jefferson Davis Hwy #11	  	Clearwater	  	SC	  	 	29822	  	  	Aiken
						
	 605
	  	1955 Davis Park Rd	  	Gastonia	  	NC	  	 	28052	  	  	Gaston
						
	 606
	  	4510 Hwy. 58	  	Chattanooga	  	TN	  	 	37416	  	  	Hamilton
						
	 607
	  	1642 Dickerson Blvd.	  	Monroe	  	NC	  	 	28110	  	  	Union
						
	 612
	  	1103 North Main St.	  	Fountain Inn	  	SC	  	 	29644	  	  	Greenville
						
	 613
	  	7 Farrs Bridge Rd	  	Greenville	  	SC	  	 	29611	  	  	Greenville
						
	 614
	  	6723 Ringgold Road	  	East Ridge	  	TN	  	 	37412	  	  	Hamilton

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 615
	  	2349 Augusta Road	  	W. Columbia	  	SC	  	 	29169	  	  	Lexington
						
	 616
	  	2375 Cherry Street6	  	Rock Hill	  	SC	  	 	29730	  	  	York
						
	 617
	  	820 Mission Ridge Rd.	  	Rossville	  	GA	  	 	30741	  	  	Walker
						
	 620
	  	651 West Mills St.	  	Columbus	  	NC	  	 	28722	  	  	Polk
						
	 623
	  	1625 N. Main St	  	Summerville	  	SC	  	 	29483	  	  	Berkeley
						
	 624
	  	699 Fairview Road	  	Simpsonville	  	SC	  	 	29680	  	  	Greenville
						
	 625
	  	4480 Columbia Rd.	  	Martinez	  	GA	  	 	30907	  	  	Columbia
						
	 626
	  	3233 Mall Road	  	Anderson	  	SC	  	 	29625	  	  	Anderson
						
	 631
	  	1085 Cottingham Blvd. N.	  	Bennettsville	  	SC	  	 	29512	  	  	Marlboro
						
	 633
	  	2609 South New Hope Road	  	Gastonia	  	NC	  	 	28056	  	  	Gaston
						
	 637
	  	501 S. Pearl Street	  	Pageland	  	SC	  	 	29728	  	  	Chesterfield
						
	 638
	  	120 Forum Drive	  	Columbia	  	SC	  	 	29229	  	  	Richland
						
	 639
	  	1287 Cleveland Hwy.	  	Dalton	  	GA	  	 	30720	  	  	Whitfield
						
	 640
	  	9101 Matthews-Pineville	  	Pineville	  	NC	  	 	28134	  	  	Mecklenburg
						
	 645
	  	10150 Dorchester Rd	  	Summerville	  	SC	  	 	29485	  	  	Dorchester

  

	6 	Store 616 is currently vacant. 

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	STATE	  	ZIP CODE	 	  	 COUNTY

	 653
	  	148 Walnut Lane	  	Travelers Rest	  	SC	  	 	29671	  	  	Greenville
						
	 655
	  	1370 Chestnut NE	  	Orangeburg	  	SC	  	 	29115	  	  	Orangeburg
						
	 661
	  	120 Highway 14, Suite A	  	Simpsonville	  	SC	  	 	29681	  	  	Greenville
						
	 673
	  	1667 Ooltewah Ringgold Rd	  	Chattanooga	  	TN	  	 	37421	  	  	Hamilton
						
	 700
	  	3110 Fincher Farm Road	  	Matthews	  	NC	  	 	28104	  	  	Mecklenburg
						
	 701
	  	2186 Cherry Road, Suite 101	  	Rock Hill	  	SC	  	 	29730	  	  	York
						
	 702
	  	3924 Highway 17 South	  	N. Myrtle Beach	  	SC	  	 	29582	  	  	Horry
						
	 703
	  	5604 Hixson Pike	  	Hixson	  	TN	  	 	37343	  	  	Hamilton
						
	 704
	  	101 Verdae Blvd., Suite 1200	  	Greenville	  	SC	  	 	29607	  	  	Greenville
						
	 707
	  	512 Robinson Blvd.	  	Walterboro	  	SC	  	 	29662	  	  	Colleton
						
	 709
	  	4403 Highway 24	  	Anderson	  	SC	  	 	29626	  	  	Anderson
						
	 712
	  	1703 Elm Street West	  	Hampton	  	SC	  	 	29924	  	  	Hampton
						
	 713
	  	8530 Hixon Pike	  	Hixson	  	TN	  	 	37343	  	  	Hamilton
						
	 714
	  	3801 Tennessee Avenue	  	Chattanooga	  	TN	  	 	37409	  	  	Hamilton
						
	 715
	  	8634 Hwy 58	  	Harrison	  	TN	  	 	37341	  	  	Hamilton
						
	 716
	  	1401 East Main Street	  	Rock Hill	  	SC	  	 	29730	  	  	York

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	STATE	  	ZIP CODE	 	  	 COUNTY

	 717
	  	742 West Highway 27	  	Lincolnton	  	NC	  	 	28092	  	  	Lincoln
						
	 718
	  	158 Highway 274	  	Lake Wylie	  	SC	  	 	29710	  	  	York
						
	 719
	  	1131 North Highway 321	  	York	  	SC	  	 	29745	  	  	York
						
	 720
	  	1329 West Highway 160	  	Fort Mill	  	SC	  	 	29715	  	  	York
						
	 722
	  	1419 Chapin Road	  	Chapin	  	SC	  	 	29036	  	  	Lexington
						
	 726
	  	1000 Tanner Ford Blvd.	  	Hanahan	  	SC	  	 	29406	  	  	Berkeley

  
 [Schedules to Credit
Agreement] 

 WINN-DIXIE 
  

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 2
	  	2220 County Rd 210 W Ste 200	  	Jacksonville	  	FL	  	 	32259	  	  	St Johns
						
	 3
	  	1245 S. Jefferson St.	  	Monticello	  	FL	  	 	32344	  	  	Jefferson
						
	 5
	  	290 Solano Road	  	Ponte Vedra Beach	  	FL	  	 	32082	  	  	St. Johns
						
	 6
	  	10915 Baymeadows Rd. Unit 12	  	Jacksonville	  	FL	  	 	32256	  	  	Duval
						
	 8
	  	1339 Blanding Blvd.	  	Orange Park	  	FL	  	 	32065	  	  	Clay
						
	 12
	  	12333 Sago Ave W.	  	Jacksonville	  	FL	  	 	32218	  	  	Duval
						
	 18
	  	1209 Atlantic Blvd.	  	Neptune Beach	  	FL	  	 	32233	  	  	Duval
						
	 19
	  	220 Retreat Road	  	St Simons Island	  	GA	  	 	31522	  	  	Glynn
						
	 22
	  	2800 Old Dawson Rd	  	Albany	  	GA	  	 	31707	  	  	Dougherty
						
	 25
	  	8775 Old Kings Road	  	Jacksonville	  	FL	  	 	32219	  	  	Duval
						
	 28
	  	1219 W. Base Street	  	Madison	  	FL	  	 	32340	  	  	Madison
						
	 30
	  	1080 Nw Santa Fe Blvd	  	High Springs	  	FL	  	 	32643	  	  	Alachua
						
	 32
	  	1060 Lakes Blvd.	  	Lake Park	  	GA	  	 	31636	  	  	Lowndes
						
	 37
	  	777 Market Street	  	Jacksonville	  	FL	  	 	32202	  	  	Duval
						
	 40
	  	1900-1 Park Ave.	  	Orange Park	  	FL	  	 	32073	  	  	Clay
						
	 51
	  	6060-10 Ft Caroline Road	  	Jacksonville	  	FL	  	 	32277	  	  	Duval
						
	 52
	  	3813-10 N. Monroe St.	  	Tallahassee	  	FL	  	 	32303	  	  	Leon
						
	 54
	  	1531 Monument Road	  	Jacksonville	  	FL	  	 	32225	  	  	Duval
						
	 60
	  	1941 Glynn Ave.	  	Brunswick	  	GA	  	 	31520	  	  	Glynn
						
	 72
	  	7534 Beach Blvd	  	Jacksonville	  	FL	  	 	32216	  	  	Duval
						
	 77
	  	1010 Ponce De Leon Blvd S	  	St Augustine	  	FL	  	 	32084	  	  	St Johns
						
	 80
	  	9866 Baymeadows Road	  	Jacksonville	  	FL	  	 	32256	  	  	Duval
						
	 81
	  	800 S. Marion Street	  	Lake City	  	FL	  	 	32025	  	  	Columbia
						
	 84
	  	1722 S. 8th Street	  	Fernandina Beach	  	FL	  	 	32034	  	  	Nassau
						
	 85
	  	470 W. Madison Street	  	Starke	  	FL	  	 	32091	  	  	Bradford

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 86
	  	111-39 S. Magnolia Drive	  	Tallahassee	  	FL	  	 	32301	  	  	Leon
						
	 89
	  	2261 Edgewood Ave., W.	  	Jacksonville	  	FL	  	 	32209	  	  	St. Johns
						
	 93
	  	2720 Blanding Blvd.	  	Middleburg	  	FL	  	 	32068	  	  	Clay
						
	 97
	  	4404 Altama Avenue	  	Brunswick	  	GA	  	 	31520	  	  	Glynn
						
	 101
	  	103 Talmadge Drive	  	Moultrie	  	GA	  	 	31768	  	  	Colquitt
						
	 104
	  	2057 W Byron Butler Pkwy	  	Perry	  	FL	  	 	32348	  	  	Taylor
						
	 107
	  	5909 University Blvd. W.	  	Jacksonville	  	FL	  	 	32216	  	  	Duval
						
	 110
	  	1553 Us 19 South	  	Leesburg	  	GA	  	 	31763	  	  	Lee
						
	 116
	  	110 Paul Russell Road	  	Tallahassee	  	FL	  	 	32301	  	  	Franklin
						
	 120
	  	2418 Sylvester Road	  	Albany	  	GA	  	 	31705	  	  	Dougherty
						
	 123
	  	5647 Roosevelt Blvd	  	Jacksonville	  	FL	  	 	32210	  	  	Duval
						
	 135
	  	2851 Henley Road Ste. 200	  	Green Cove. Springs	  	FL	  	 	32043	  	  	Clay
						
	 136
	  	2851 Henley Road Ste. 200	  	Green Cove Springs	  	FL	  	 	32043	  	  	Clay
						
	 138
	  	3260 Highway 17	  	Green Cove Springs	  	FL	  	 	32043	  	  	Clay
						
	 140
	  	3200 North Ashley St.	  	Valdosta	  	GA	  	 	31602	  	  	Lowndes
						
	 141
	  	11701-10 San Jose Blvd	  	Jacksonville	  	FL	  	 	32223	  	  	Clay
						
	 142
	  	541494 Us Hwy 1	  	Hilliard	  	FL	  	 	32046	  	  	Nassau
						
	 144
	  	1436 Sr 121 & 1-10	  	Macclenny	  	FL	  	 	32063	  	  	Baker
						
	 145
	  	248 Blanding Blvd.	  	Orange Park	  	FL	  	 	32073	  	  	Clay
						
	 151
	  	450078 Sr 200	  	Callahan	  	FL	  	 	32011	  	  	Nassau
						
	 153
	  	7921 Normandy Blvd.	  	Jacksonville	  	FL	  	 	32221	  	  	Duval
						
	 159
	  	5420 New Jesup Hwy	  	Brunswick	  	GA	  	 	31525	  	  	Fairfield
						
	 160
	  	2500 N. Main Street	  	Gainesville	  	FL	  	 	32609	  	  	Alachua
						
	 161
	  	49 Arlington Road South	  	Jacksonville	  	FL	  	 	32211	  	  	Duvall
						
	 163
	  	901 Hwy 19 South	  	Palatka	  	FL	  	 	32177	  	  	Alachua
						
	 166
	  	1351 E. Boone Ave	  	Kingsland	  	GA	  	 	31548	  	  	Camden
						
	 167
	  	3000 Dunn Avenue	  	Jacksonville	  	FL	  	 	32218	  	  	Duvall
						
	 168
	  	2200 N. Young Blvd.	  	Chiefland	  	FL	  	 	32626	  	  	Levy

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 169
	  	915 Shotwell Street	  	Bainbridge	  	GA	  	 	39819	  	  	Decatur
						
	 171
	  	727 W. Noble Avenue	  	Williston	  	FL	  	 	32696	  	  	Levy
						
	 172
	  	200 E. Oakridge Dr.	  	Albany	  	GA	  	 	31705	  	  	Dougherty
						
	 173
	  	1105 Madison Highway	  	Valdosta	  	GA	  	 	31601	  	  	Lowndes
						
	 174
	  	12777 Atlantic Blvd.	  	Jacksonville .	  	FL	  	 	32225	  	  	Duval
						
	 175
	  	129 Us Hwy 19 North	  	Camilla	  	GA	  	 	31730	  	  	Dougherty
						
	 176
	  	8650 Argyle Forest Blvd	  	Jacksonville	  	FL	  	 	32244	  	  	Duval
						
	 177
	  	3538 Blanding Blvd.	  	Jacksonville	  	FL	  	 	32210	  	  	Duval
						
	 179
	  	11101 Old St Augustine Rd	  	Jacksonville	  	FL	  	 	32257	  	  	Duval
						
	 180
	  	22 Lofton Square Blvd.	  	Fernandina Beach	  	FL	  	 	32034	  	  	Nassau
						
	 182
	  	3551 N. Ponce De Leon Blvd	  	St. Augustine	  	FL	  	 	32095	  	  	Saint Johns
						
	 184
	  	1632 W Jefferson St	  	Quincy	  	FL	  	 	32351	  	  	Gadsden
						
	 186
	  	2629 Crawfordville Highway	  	Crawfordville	  	FL	  	 	32327	  	  	Wakulla
						
	 190
	  	1520 W University Blvd	  	Jacksonville	  	FL	  	 	32217	  	  	Duval
						
	 191
	  	5207 Normandy Boulevard	  	Jacksonville	  	FL	  	 	32205	  	  	Duval
						
	 194
	  	5250 Moncrief Road	  	Jacksonville	  	FL	  	 	32209	  	  	Duval
						
	 195
	  	11380-8 Beach Blvd	  	Jacksonville	  	FL	  	 	32246	  	  	Duval
						
	 196
	  	1115 North Summit Street	  	Crescent City	  	FL	  	 	32112	  	  	Duval
						
	 197
	  	300 S.W. 16th Avenue	  	Gainesville	  	FL	  	 	32601	  	  	Alachua
						
	 198
	  	911 Pinewood Street	  	Live Oak	  	FL	  	 	32064	  	  	Suwannee
						
	 199
	  	703 Chaffee Rd.	  	Jacksonville	  	FL	  	 	32221	  	  	Duval
						
	 201
	  	6500 W 4th Ave	  	Hialeah	  	FL	  	 	33012	  	  	Miami-Dade
						
	 203
	  	1055 Hallandale Beach Blvd	  	Hallandale	  	FL	  	 	33009	  	  	Broward
						
	 204
	  	1035 Nw 9th Ave	  	Ft Lauderdale	  	FL	  	 	33311	  	  	Broward
						
	 207
	  	3435 N Federal Hwy	  	Pompano Bch	  	FL	  	 	33064	  	  	Broward
						
	 209
	  	701 Nw 99th Ave	  	Pembroke Pines	  	FL	  	 	33024	  	  	Broward
						
	 210
	  	3116 W Commercial Blvd	  	Tamarac	  	FL	  	 	33309	  	  	Broward
						
	 212
	  	1135 Royal Palm Beach Blvd	  	Royal Palm Beach	  	FL	  	 	33411	  	  	Palm Beach

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 214
	  	1150 Nw 54th Street	  	Miami	  	FL	  	 	33127	  	  	Miami-Dade
						
	 218
	  	2581 North Hiatus Road	  	Cooper City	  	FL	  	 	33026	  	  	Broward
						
	 221
	  	2675 S. Military Trail	  	West Palm Beach	  	FL	  	 	33415	  	  	Palm Beach
						
	 222
	  	901 North Nob Hill Road	  	Plantation	  	FL	  	 	33324	  	  	Broward
						
	 226
	  	1625 Cordova Road	  	Ft Lauderdale	  	FL	  	 	33316	  	  	Broward
						
	 228
	  	277 S Pompano Parkway	  	Pompano Beach	  	FL	  	 	33069	  	  	Broward
						
	 230
	  	2420 North Federal Hwy	  	Ft Lauderdale	  	FL	  	 	33305	  	  	Broward
						
	 231
	  	5850 N.W. 183rd Street	  	Miami	  	FL	  	 	33015	  	  	Miami-Dade
						
	 233
	  	11030 N.W. 7th Ave.	  	Miami	  	FL	  	 	33168	  	  	Miami-Dade
						
	 235
	  	3401 N.W. 18th Avenue	  	Miami	  	FL	  	 	33142	  	  	Miami-Dade
						
	 236
	  	941 Sw 24th Street	  	Ft. Lauderdale	  	FL	  	 	33315	  	  	Broward
						
	 237
	  	12254 Sw 8th Street	  	Miami	  	FL	  	 	33184	  	  	Miami-Dade
						
	 238
	  	6707 Indiantown Road	  	Jupiter	  	FL	  	 	33458	  	  	Palm Beach
						
	 239
	  	14555 Sw 42nd Street	  	Miami	  	FL	  	 	33175	  	  	Miami-Dade
						
	 242
	  	1201 E. 10th Avenue	  	Hialeah	  	FL	  	 	33010	  	  	Miami-Dade
						
	 243
	  	541 West 49th Street	  	Hialeah	  	FL	  	 	33012	  	  	Miami-Dade
						
	 244
	  	6301 County Line Rd.	  	Miramar	  	FL	  	 	33169	  	  	Broward
						
	 246
	  	17221 Nw 27th Avenue	  	Opa Locka	  	FL	  	 	33056	  	  	Miami-Dade
						
	 248
	  	2450 N. State Rd 7	  	Margate	  	FL	  	 	33063	  	  	Broward
						
	 249
	  	6770 Bird Road	  	Miami	  	FL	  	 	33155	  	  	Miami-Dade
						
	 250
	  	17101 Miramar Pkwy	  	Miramar	  	FL	  	 	33027	  	  	Broward
						
	 251
	  	3275 S.W 22nd Street	  	Miami	  	FL	  	 	33145	  	  	Miami-Dade
						
	 252
	  	1525 Coral Way	  	Coral Gables	  	FL	  	 	33134	  	  	Miami-Dade
						
	 254
	  	11241 S.W. 40th Street	  	Miami	  	FL	  	 	33165	  	  	Miami-Dade
						
	 255
	  	14595 S. Military Trail	  	Delray Beach	  	FL	  	 	33484	  	  	Palm Beach
						
	 256
	  	4770 N. Congress Avenue	  	Boynton Beach	  	FL	  	 	33426	  	  	Palm Beach
						
	 257
	  	9840 Military Trail	  	Boynton Beach	  	FL	  	 	33436	  	  	Palm Beach
						
	 258
	  	17101 Miramar Pkwy	  	Miramar	  	FL	  	 	33027	  	  	Broward

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 259
	  	1620 S Federal Highway	  	Boynton Beach	  	FL	  	 	33435	  	  	Palm Beach
						
	 260
	  	6600 Hypoluxo Road	  	Lake Worth	  	FL	  	 	33467	  	  	Palm Beach
						
	 262
	  	15450 Nw 77 Court	  	Hialeah	  	FL	  	 	33016	  	  	Miami-Dade
						
	 263
	  	291 W. Camino Real	  	Boca Raton	  	FL	  	 	33432	  	  	Palm Beach
						
	 265
	  	1101 S. Military Trail	  	Deerfield Beach	  	FL	  	 	33442	  	  	Broward
						
	 270
	  	2750 W. 68th St., Ste. 201	  	Hialeah	  	FL	  	 	33016	  	  	Miami-Dade
						
	 271
	  	1491 S. Dixie Highway	  	Lantana	  	FL	  	 	33462	  	  	Palm Beach
						
	 272
	  	3757 Military Trail	  	Jupiter	  	FL	  	 	33458	  	  	Palm Beach
						
	 274
	  	6775 Taft Street	  	Hollywood	  	FL	  	 	33024	  	  	Broward
						
	 278
	  	15859 Pines Blvd	  	Pembroke Pines	  	FL	  	 	33028	  	  	Broward
						
	 279
	  	Federal Hwy & Ne 6th St	  	Ft. Lauderdale	  	FL	  	 	33304	  	  	Broward
						
	 280
	  	10505 Nw 41st Street	  	Miami	  	FL	  	 	33178	  	  	Miami-Dade
						
	 281
	  	4105 State Road 7	  	Lake Worth	  	FL	  	 	33449	  	  	Palm Beach
						
	 282
	  	4115 State Road 7	  	Lake Worth	  	FL	  	 	33449	  	  	Palm Beach
						
	 283
	  	8855 Coral Way	  	Miami	  	FL	  	 	33165	  	  	Miami-Dade
						
	 285
	  	5850 Sw 73rd Street	  	South Miami	  	FL	  	 	33143	  	  	Miami-Dade
						
	 286
	  	948 Sw 67th Avenue	  	Miami	  	FL	  	 	33144	  	  	Miami-Dade
						
	 287
	  	14655 Sw 104th St	  	Miami	  	FL	  	 	33186	  	  	Miami-Dade
						
	 288
	  	5060 Seminole Pratt-Whitney Rd	  	Loxahatchee	  	FL	  	 	33470	  	  	Palm Beach
						
	 289
	  	20417 Biscayne Blvd.	  	N. Miami Beach	  	FL	  	 	33180	  	  	Miami-Dade
						
	 290
	  	Federal Hwy & Ne 6th St	  	Fort Lauderdale	  	FL	  	 	33304	  	  	Broward
						
	 291
	  	20417 Biscayne Boulevard	  	N. Miami Beach	  	FL	  	 	33180	  	  	Miami-Dade
						
	 295
	  	1225 West 45th Street	  	Mangonia Park	  	FL	  	 	33407	  	  	Palm Beach
						
	 297
	  	7930 Sw 104th Street	  	Miami	  	FL	  	 	33157	  	  	Miami-Dade
						
	 299
	  	4360 Okeechobee Blvd.	  	West Palm Beach	  	FL	  	 	33409	  	  	Palm Beach
						
	 302
	  	240 Ne 8th Street	  	Homestead	  	FL	  	 	33030	  	  	Miami-Dade
						
	 304
	  	1531 Nw 40th Avenue	  	Lauderhill	  	FL	  	 	33313	  	  	Broward
						
	 305
	  	8867 S.E. Bridge Road	  	Hobe Sound	  	FL	  	 	33445	  	  	Martin

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 306
	  	1515 East Hallandale Bch Blvd.	  	Hallandale	  	FL	  	 	33009	  	  	Broward
						
	 307
	  	2160 S. Federal Highway	  	Stuart	  	FL	  	 	34994	  	  	Martin
						
	 308
	  	1105 Ne Jensen Beach Blvd.	  	Jensen Beach	  	FL	  	 	34957	  	  	Martin
						
	 309
	  	7915 S. Dixie Highway	  	West Palm Beach	  	FL	  	 	33405	  	  	Palm Beach
						
	 311
	  	11290 State Road 84	  	Davie	  	FL	  	 	33325	  	  	Broward
						
	 317
	  	2778 N. Roosevelt Blvd.	  	Key West	  	FL	  	 	33040	  	  	Monroe
						
	 318
	  	604 Crandon Blvd.	  	Key Biscayne	  	FL	  	 	33149	  	  	Miami-Dade
						
	 319
	  	30346 Old Dixie Highway	  	Homestead	  	FL	  	 	33033	  	  	Miami-Dade
						
	 324
	  	2760 N. Roosevelt Blvd.	  	Key West	  	FL	  	 	33040	  	  	Monroe
						
	 326
	  	7015 N. University Drive	  	Tamarac	  	FL	  	 	33321	  	  	Broward
						
	 328
	  	92100 Overseas Highway	  	Tavernier	  	FL	  	 	33070	  	  	Monroe
						
	 330
	  	3260 Davie Boulevard	  	Lauderdale	  	FL	  	 	33312	  	  	Broward
						
	 331
	  	3246 Highway 441 South	  	Okeechobee	  	FL	  	 	34974	  	  	Okeechobee
						
	 333
	  	8924 North Military Trail	  	Palm Beach Gardens	  	FL	  	 	33410	  	  	Palm Beach
						
	 336
	  	3850 North 46th Ave	  	Hollywood	  	FL	  	 	33021	  	  	Broward
						
	 343
	  	14900 Nw 7th Ave	  	Miami	  	FL	  	 	33168	  	  	Miami-Dade
						
	 345
	  	1019 S Federal Hwy	  	Deerfield Beach	  	FL	  	 	33441	  	  	Broward
						
	 348
	  	7139 W Broward Blvd	  	Plantation	  	FL	  	 	33317	  	  	Broward
						
	 349
	  	5600 West Sample Rd	  	Margate	  	FL	  	 	33063	  	  	Broward
						
	 352
	  	105300 Overseas Hwy	  	Key Largo	  	FL	  	 	33037	  	  	Monroe
						
	 353
	  	9565 W Flagler St	  	Miami	  	FL	  	 	33174	  	  	Miami-Dade
						
	 354
	  	308 E Dania Bch Blvd	  	Dania	  	FL	  	 	33004	  	  	Broward
						
	 355
	  	7024 Beracasa Way	  	Boca Raton	  	FL	  	 	33433	  	  	Palm Beach
						
	 356
	  	6356 Forest Hill Blvd	  	Greenacres	  	FL	  	 	33415	  	  	Palm Beach
						
	 357
	  	980 Ives Dairy Rd	  	Miami	  	FL	  	 	33179	  	  	Miami-Dade
						
	 358
	  	251 Key Deer Blvd	  	Big Pine Key	  	FL	  	 	33043	  	  	Monroe
						
	 359
	  	7480 Sw 117 Ave	  	Miami	  	FL	  	 	33183	  	  	Miami-Dade
						
	 361
	  	15050 Sw 72nd St	  	Miami	  	FL	  	 	33193	  	  	Miami-Dade

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 362
	  	12190 Biscayne Blvd.	  	N. Miami Beach	  	FL	  	 	33181	  	  	Miami-Dade
						
	 364
	  	3320 S.E. Salerno Rd	  	Stuart	  	FL	  	 	34997	  	  	Martin
						
	 365
	  	3320 S.E. Salerno Rd	  	Stuart	  	FL	  	 	34997	  	  	Martin
						
	 366
	  	3701 Nw 7th St	  	Miami	  	FL	  	 	33126	  	  	Miami-Dade
						
	 367
	  	3108 S University Dr.	  	Miramar	  	FL	  	 	33025	  	  	Broward
						
	 370
	  	8710 Sunset Dr.	  	Miami	  	FL	  	 	33173	  	  	Miami-Dade
						
	 371
	  	19167 S Dixie Hwy	  	Miami	  	FL	  	 	33157	  	  	Miami-Dade
						
	 375
	  	3131 Forest Hill Blvd	  	West Palm Beach	  	FL	  	 	33406	  	  	Palm Beach
						
	 377
	  	4201 Nw 88th Ave	  	Sunrise	  	FL	  	 	33351	  	  	Broward
						
	 378
	  	3805 Ne 163rd St	  	N Miami Beach	  	FL	  	 	33160	  	  	Miami-Dade
						
	 381
	  	900 South Main Street	  	Belle Glade	  	FL	  	 	33430	  	  	Palm Beach
						
	 384
	  	12107 Sw 152nd Street	  	Miami	  	FL	  	 	33177	  	  	Miami-Dade
						
	 385
	  	27359 S. Dixie Highway	  	Homestead	  	FL	  	 	33032	  	  	Miami-Dade
						
	 386
	  	3800 N. Ocean Boulevard	  	Ft. Lauderdale	  	FL	  	 	33308	  	  	Broward
						
	 387
	  	18801 Sw 117th Ave	  	Miami	  	FL	  	 	33157	  	  	Miami-Dade
						
	 388
	  	18300 Sw 137th Avenue	  	Miami	  	FL	  	 	33177	  	  	Miami-Dade
						
	 390
	  	3700 Broadway	  	Riviera Beach	  	FL	  	 	33404	  	  	Palm Beach
						
	 400
	  	33404 Us Hwy 280	  	Childersburg	  	AL	  	 	35044	  	  	Talladega
						
	 405
	  	2220 Bessemer Road	  	Birmingham	  	AL	  	 	35208	  	  	Jefferson
						
	 407
	  	4201 University Blvd	  	Tuscaloosa	  	AL	  	 	35404	  	  	Tuscaloosa
						
	 410
	  	1009 Martin St.	  	Pell City	  	AL	  	 	35404	  	  	Tuscaloosa
						
	 411
	  	640 011ie Avenue	  	Clanton	  	AL	  	 	35045	  	  	Chilton
						
	 412
	  	3355 Gulf Breeze Parkway	  	Gulf Breeze	  	FL	  	 	32563	  	  	Santa Rosa
						
	 422
	  	3850 W. Main Street	  	Dothan	  	AL	  	 	36303	  	  	Houston
						
	 426
	  	1571 Westgate Pkwy	  	Dothan	  	AL	  	 	36303	  	  	Houston
						
	 428
	  	5326 Hwy 231 South	  	Wetumpka	  	AL	  	 	36092	  	  	Elmore
						
	 429
	  	800 Noble Street	  	Anniston	  	AL	  	 	36201	  	  	Calhoun
						
	 433
	  	3952 Us Hwy 80	  	Phenix City	  	AL	  	 	36870	  	  	Russell

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 434
	  	2495 Hwy 431	  	Anniston	  	AL	  	 	36206	  	  	Calhoun
						
	 435
	  	4476 Montevallo Road	  	Birmingham	  	AL	  	 	35210	  	  	Jefferson
						
	 436
	  	1812 Hwy 77 South Suite 119	  	Lynn Haven	  	FL	  	 	32444	  	  	Bay
						
	 437
	  	1441 Foxrun Parkway	  	Opelika	  	AL	  	 	36801	  	  	Lee
						
	 438
	  	1627 S Lumpkin Road	  	Columbus	  	GA	  	 	31903	  	  	Muscogee
						
	 439
	  	6770 Veterans Parkway	  	Columbus	  	GA	  	 	31909	  	  	Muscogee
						
	 442
	  	3331 Rainbow Drive	  	Rainbow City	  	AL	  	 	35906	  	  	Etowah
						
	 443
	  	4231 Macon Road	  	Columbus	  	GA	  	 	31907	  	  	Muscogee
						
	 446
	  	4724 Mobile Hwy	  	Montgomery	  	AL	  	 	36108	  	  	Montgomery
						
	 447
	  	1408 Golden Springs Road	  	Anniston	  	AL	  	 	36207	  	  	Calhoun
						
	 448
	  	7946 Vaughn Road	  	Montgomery	  	AL	  	 	36116	  	  	Montgomery
						
	 451
	  	3625 Highway 14	  	Millbrook	  	AL	  	 	36054	  	  	Elmore
						
	 454
	  	2131 Ross Clark Circle	  	Dothan	  	AL	  	 	36301	  	  	Houston
						
	 456
	  	1061 U.S. Hwy, 280 East	  	Alexander City	  	AL	  	 	35010	  	  	Tallapoosa
						
	 457
	  	1151 Ross Clark Cr	  	Dothan	  	AL	  	 	36301	  	  	Houston
						
	 458
	  	1721 Hwy 31 N	  	Fultondale	  	AL	  	 	35068	  	  	Jefferson
						
	 460
	  	5841 Atlanta Highway	  	Montgomery	  	AL	  	 	36117	  	  	Montgomery
						
	 461
	  	465 Main Street	  	Trussville	  	AL	  	 	35173	  	  	Jefferson
						
	 462
	  	4920 Hwy 78 West	  	Oxford	  	AL	  	 	36203	  	  	Calhoun
						
	 463
	  	2730 Eastern Boulevard	  	Montgomery	  	AL	  	 	36106	  	  	Montgomery
						
	 464
	  	1740 Carter Hill Road	  	Montgomery	  	AL	  	 	36106	  	  	Montgomery
						
	 469
	  	335 Helena Market Place	  	Helena	  	AL	  	 	35080	  	  	Shelby
						
	 470
	  	1625 E University Drive	  	Auburn	  	AL	  	 	36830	  	  	Lee
						
	 471
	  	1130 By Pass	  	Andalusia	  	AL	  	 	36420	  	  	Covington
						
	 472
	  	2014 Highway #45 North	  	Meridian	  	MS	  	 	39301	  	  	Lauderdale
						
	 473
	  	9082 Moffett Road	  	Semmes	  	AL	  	 	36575	  	  	Mobile
						
	 476
	  	705 84 By Pass	  	Enterprise	  	AL	  	 	36330	  	  	Coffee
						
	 478
	  	1037 S. Eufaula Ave.	  	Eufaula	  	AL	  	 	36027	  	  	Barbour

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 479
	  	9750 Highway 69 South	  	Tuscaloosa	  	AL	  	 	35405	  	  	Tuscaloosa
						
	 480
	  	5750 Milgen Road	  	Columbus	  	GA	  	 	31907	  	  	Muscogee
						
	 481
	  	3621 Us 231 North	  	Panama City	  	FL	  	 	32404	  	  	Bay
						
	 482
	  	1100 Hunt Avenue	  	Columbus	  	GA	  	 	31907	  	  	Muscogee
						
	 483
	  	13109 Sorrento Road	  	Pensacola	  	FL	  	 	32507	  	  	Escambia
						
	 487
	  	3157 West 23rd Street	  	Panama City	  	FL	  	 	32405	  	  	Bay
						
	 488
	  	23200 Front Beach Road	  	Panama City	  	FL	  	 	32413	  	  	Bay
						
	 489.
	  	5428 Dogwood Drive	  	Milton	  	FL	  	 	32570	  	  	Santa Rosa
						
	 490
	  	25405 Perdido Blvd	  	Orange Beach	  	AL	  	 	36561	  	  	Baldwin
						
	 493
	  	13019 Sorrento Rd	  	Pensacola	  	FL	  	 	32507	  	  	Escambia
						
	 494
	  	17184 Front Beach Road	  	Panama City Beach	  	FL	  	 	32413	  	  	Bay
						
	 495
	  	5975 Mobile Hwy	  	Pensacola	  	FL	  	 	32526	  	  	Escambia
						
	 496
	  	2601 Hwy 78 East	  	Jasper	  	AL	  	 	35501	  	  	Walker
						
	 498
	  	155 S. Hwy 29	  	Cantonment	  	FL	  	 	32533	  	  	Escambia
						
	 500
	  	4701 Centerpoint Rd	  	Pinson	  	AL	  	 	35126	  	  	Jefferson
						
	 501
	  	8674 Navarre Parkway	  	Navarre	  	FL	  	 	32566	  	  	Santa Rosa
						
	 503
	  	2055 Coliseum Blvd	  	Montgomery	  	AL	  	 	36110	  	  	Montgomery
						
	 504
	  	7135 North Ninth Avenue	  	Pensacola	  	FL	  	 	32504	  	  	Escambia
						
	 506
	  	312 East Nine Mile Road	  	Pensacola	  	FL	  	 	32514	  	  	Escambia
						
	 507
	  	4224 Highway 90	  	Pace	  	FL	  	 	32571	  	  	Santa Rosa
						
	 509
	  	150 Chelsea Corners	  	Chelsea	  	AL	  	 	35043	  	  	Shelby
						
	 512
	  	600 E. Church St.	  	Atmore	  	AL	  	 	36502	  	  	Escambia
						
	 514
	  	2653 Valleydale Road	  	Birmingham	  	AL	  	 	35244	  	  	Shelby
						
	 517
	  	3925 Crosshaven Drive	  	Birmingham	  	AL	  	 	35243	  	  	Jefferson
						
	 520
	  	1352 Highland Avenue	  	Selma	  	AL	  	 	36703	  	  	Dallas
						
	 521
	  	3881 Atlanta Highway	  	Montgomery	  	AL	  	 	36109	  	  	Montgomery
						
	 525
	  	815 So. Pelham Road	  	Jacksonville	  	AL	  	 	36265	  	  	Calhoun
						
	 526
	  	13620 Hwy 43 North	  	Northport	  	AL	  	 	35475	  	  	Tuscaloosa

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 527
	  	701 East Main Street	  	Prattville	  	AL	  	 	36067	  	  	Autauga
						
	 528
	  	10 Mcfarland Blvd.	  	Northport	  	AL	  	 	35473	  	  	Tuscaloosa
						
	 531
	  	4035 Eastern Blvd Parkway	  	Montgomery	  	AL	  	 	36117	  	  	Montgomery
						
	 533
	  	5100 Hwy 39 North	  	Meridian	  	MS	  	 	39301	  	  	Lauderdale
						
	 535
	  	50 S. Blue Angel Parkway	  	Pensacola	  	FL	  	 	32506	  	  	Escambia
						
	 536
	  	2120 Hwy 19 North	  	Meridian	  	MS	  	 	39307	  	  	Lauderdale
						
	 538
	  	132 South Tyndall Parkway	  	Panama City	  	FL	  	 	32404	  	  	Bay
						
	 541
	  	798 Beal Parkway	  	Ft. Walton Beach	  	FL	  	 	32547	  	  	Okaloosa
						
	 543
	  	1952 West Dallas Ave.	  	Selma	  	AL	  	 	36701	  	  	Dallas
						
	 545
	  	1206 Crawford St.	  	Americus	  	GA	  	 	31709	  	  	Sumter
						
	 549
	  	740 N. Schillinger	  	Mobile	  	AL	  	 	36608	  	  	Mobile
						
	 550
	  	104 River Square Plaza	  	Hueytown	  	AL	  	 	35023	  	  	Jefferson
						
	 551
	  	4512 Hwy 20	  	Niceville	  	FL	  	 	32578	  	  	Okaloosa
						
	 552
	  	2533 Thomas Drive	  	Panama City	  	FL	  	 	32408	  	  	Bay
						
	 553
	  	1300 Gilmer Avenue	  	Tallassee	  	AL	  	 	36078	  	  	Elmore
						
	 555
	  	4478 Market Street	  	Marianna	  	FL	  	 	32446	  	  	Jackson
						
	 556
	  	4751 Bayou Blvd	  	Pensacola	  	FL	  	 	32503	  	  	Escambia
						
	 558
	  	1326 Ferdon Blvd	  	Crestview	  	FL	  	 	32536	  	  	Okaloosa
						
	 560
	  	981 Us Hwy 98	  	Destin	  	FL	  	 	32541	  	  	Okaloosa
						
	 561
	  	130 Old Highway 98	  	Destin	  	FL	  	 	32541	  	  	Okaloosa
						
	 564
	  	2502 Schillinger Rd S	  	Mobile	  	AL	  	 	36695	  	  	Mobile
						
	 566
	  	99 Eglin Parkway N.W.	  	Ft. Walton Beach	  	FL	  	 	32548	  	  	Okaloosa
						
	 569
	  	1134 South Alabama Ave.	  	Monroeville	  	AL	  	 	36460	  	  	Monroe
						
	 570
	  	1235 South Mckenzie St.	  	Foley	  	AL	  	 	36535	  	  	Baldwin
						
	 571
	  	710 Mcmeans Ave.	  	Bay Minette	  	AL	  	 	36507	  	  	Baldwin
						
	 572
	  	5440 Hwy. 90 West	  	Mobile	  	AL	  	 	36619	  	  	Mobile
						
	 574
	  	2402 Old Springville Road	  	Birmingham	  	AL	  	 	35215	  	  	Jefferson
						
	 577
	  	1030 Hwy 331 South	  	Defuniak Springs	  	FL	  	 	32433	  	  	Walton

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 578
	  	5651-A Moffat Road	  	Mobile	  	AL	  	 	36618	  	  	Mobile
						
	 579
	  	1617 South College Street	  	Auburn	  	AL	  	 	36832	  	  	Lee
						
	 580
	  	5827d Hwy 90 West	  	Theodore	  	AL	  	 	36582	  	  	Mobile
						
	 581
	  	2312 St. Stephens Road	  	Mobile	  	AL	  	 	36617	  	  	Mobile
						
	 586
	  	Hwy 59 And 16th Street	  	Gulf Shores	  	AL	  	 	36542	  	  	Baldwin
						
	 590
	  	6300 Grelotroad	  	Mobile	  	AL	  	 	36609	  	  	Mobile
						
	 591
	  	9948 Airport Road	  	Mobile	  	AL	  	 	36608	  	  	Mobile
						
	 595
	  	2910 Morgan Rd, Suite 128	  	Bessemer	  	AL	  	 	35022	  	  	Jefferson
						
	 596
	  	3075 Us Hwy 98	  	Daphne	  	AL	  	 	36526	  	  	Baldwin
						
	 599
	  	187 Baldwin Square	  	Fairhope	  	AL	  	 	36532	  	  	Baldwin
						
	 606
	  	8740 Park Blvd	  	Largo	  	FL	  	 	33777	  	  	Pinellas
						
	 607
	  	12975 Park Blvd.	  	Seminole	  	FL	  	 	33776	  	  	Pinellas
						
	 608
	  	12649 Hwy. 301	  	Dade City	  	FL	  	 	33525	  	  	Pasco
						
	 609
	  	802 Us Highway 27s	  	Avon Park	  	FL	  	 	33825	  	  	Highlands
						
	 611
	  	18407 Us Hwy 41	  	Lutz	  	FL	  	 	33549	  	  	Hillsborough
						
	 612
	  	345 Havendale Blvd	  	Auburndale	  	FL	  	 	33823	  	  	Polk
						
	 618
	  	1330 E Oak Street	  	Arcadia	  	FL	  	 	34266	  	  	De Soto
						
	 619
	  	4445 Sun City Cntr Blvd	  	Sun City Center	  	FL	  	 	33573	  	  	Hillsborough
						
	 622
	  	11912 Seminole Boulevard	  	Largo	  	FL	  	 	33778	  	  	Pinellas
						
	 624
	  	955 S Pinellas Avenue	  	Tarpon Springs	  	FL	  	 	34689	  	  	Pinellas
						
	 627
	  	2540 Bearss Avenue	  	Tampa	  	FL	  	 	33613	  	  	Hillsborough
						
	 629
	  	2630 Us Hwy 92	  	Lakeland	  	FL	  	 	33801	  	  	Polk
						
	 630
	  	1010 53rd Avenue E	  	Bradenton	  	FL	  	 	34203	  	  	Manatee
						
	 631
	  	2900 Highland Road	  	Lakeland	  	FL	  	 	33803	  	  	Polk
						
	 632
	  	6902 South Florida Ave	  	Lakeland	  	FL	  	 	33813	  	  	Polk
						
	 637
	  	7851 Palm River Road	  	Tampa	  	FL	  	 	33619	  	  	Hillsborough
						
	 639
	  	8438 N Armenia Ave	  	Tampa	  	FL	  	 	33604	  	  	Hillsborough
						
	 640
	  	1296 County Road No 1	  	Dunedin	  	FL	  	 	34698	  	  	Pinellas

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 642
	  	5015 Gulfport Blvd	  	Gulfport	  	FL	  	 	33707	  	  	Pinellas
						
	 644
	  	1640 U.S. Highway 19	  	Holiday	  	FL	  	 	34690	  	  	Pasco
						
	 647
	  	725 Martin Luther King Blvd, W	  	Seffner	  	FL	  	 	33584	  	  	Hillsborough
						
	 649
	  	11100 4th Street North	  	St Petersburg	  	FL	  	 	33716	  	  	Pinellas
						
	 651
	  	2126 Collier Parkway	  	Land 0’ Lakes	  	FL	  	 	34639	  	  	Pasco
						
	 652
	  	31100 Cortez Blvd	  	Brooksville	  	FL	  	 	34601	  	  	Hernando
						
	 654
	  	3301 17th Street	  	Sarasota	  	FL	  	 	34237	  	  	Sarasota
						
	 655
	  	6033 County Road 54	  	New Port Richey	  	FL	  	 	34653	  	  	Pasco
						
	 656
	  	7400 44 Ave West	  	Bradenton	  	FL	  	 	34210	  	  	Manatee
						
	 657
	  	5400 Fruitville Rd	  	Sarasota	  	FL	  	 	34232	  	  	Sarasota
						
	 658
	  	15200 Municipal Drive	  	Maderia Beach	  	FL	  	 	33708	  	  	Pinellas
						
	 660
	  	3500 53rd Ave. West	  	Bradenton	  	FL	  	 	34210	  	  	Manatee
						
	 662
	  	14483 S Tamiami Trail	  	North Port	  	FL	  	 	34287	  	  	Sarasota
						
	 663
	  	2700 Recker Highway	  	Winter Haven	  	FL	  	 	33880	  	  	Polk
						
	 664
	  	6600 North Socrum Loop	  	Lakeland	  	FL	  	 	33809	  	  	Polk
						
	 667
	  	1510 U.S. Hwy. 17 North	  	Wauchula	  	FL	  	 	33873	  	  	Hardee
						
	 668
	  	3500 N Tamimai Trail	  	Sarasota	  	FL	  	 	34234	  	  	Sarasota
						
	 671
	  	1050 58 Street North	  	St Petersburg	  	FL	  	 	33710	  	  	Pinellas
						
	 672
	  	12120 Moon Lake Road	  	New Port Richey	  	FL	  	 	34654	  	  	Pasco
						
	 673
	  	6188 Us Highway 41 N	  	Apollo Beach	  	FL	  	 	33572	  	  	Hillsborough
						
	 676
	  	179 Bloomingdale Ave	  	Brandon	  	FL	  	 	33511	  	  	Hillsborough
						
	 678
	  	9802 South Us 301	  	Riverview	  	FL	  	 	33569	  	  	Hillsborough
						
	 681
	  	6501 102 Ave North	  	Pinellas Park	  	FL	  	 	33782	  	  	Pinellas
						
	 683
	  	36348 State Road 54	  	Zephyrhills	  	FL	  	 	33541	  	  	Pasco
						
	 684
	  	5802 54th Avenue	  	St Petersburg	  	FL	  	 	33709	  	  	Pinellas
						
	 687
	  	600 Sebring Square	  	Sebring	  	FL	  	 	33870	  	  	Highlands
						
	 697
	  	8424 Sheldon Road	  	Tampa	  	FL	  	 	33615	  	  	Hillsborough
						
	 698
	  	1049 62 Ave North	  	St Petersburg	  	FL	  	 	33702	  	  	Pinellas

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 699
	  	2020 34th Street North	  	St Petersburg	  	FL	  	 	33713	  	  	Pinellas
						
	 701
	  	1860 State Road 60 East	  	Lake Wales	  	FL	  	 	33853	  	  	Polk
						
	 702
	  	1230 S Broad Street	  	Brooksville	  	FL	  	 	34601	  	  	Hernando
						
	 705
	  	1151 U.S. 27 North	  	Haines City	  	FL	  	 	33844	  	  	Polk
						
	 706
	  	1305 Ariana Street West	  	Lakeland	  	FL	  	 	33803	  	  	Polk
						
	 708
	  	11092 Spring Hill Drive	  	Spring Hill	  	FL	  	 	34608	  	  	Hernando
						
	 710
	  	14134 Us 19 North	  	Hudson	  	FL	  	 	34667	  	  	Pasco
						
	 711
	  	2240 Commercial Way	  	Spring Hill	  	FL	  	 	34606	  	  	Hernando
						
	 713
	  	28047 Hwy 27	  	Dundee	  	FL	  	 	33838	  	  	Polk
						
	 717
	  	17105 San Carlos Blvd	  	Ft Myers Beach	  	FL	  	 	33931	  	  	Lee
						
	 720
	  	4100 Mccall Road	  	Englewood	  	FL	  	 	34224	  	  	Charlotte
						
	 721
	  	906 S. Main Street	  	La Belle	  	FL	  	 	33935	  	  	Hendry
						
	 723
	  	1850 N Tamiami Trail	  	N Ft Myers	  	FL	  	 	33903	  	  	Lee
						
	 726
	  	9706 Stringfellow Road	  	St James City	  	FL	  	 	33956	  	  	Lee
						
	 728
	  	14600 Palm Beach Blvd	  	Fort Myers	  	FL	  	 	33905	  	  	Lee
						
	 729
	  	625 North Collier Blvd	  	Marco Island	  	FL	  	 	34145	  	  	Collier
						
	 736
	  	3280 Tamiami Trail	  	Port Charlotte	  	FL	  	 	33952	  	  	Charlotte
						
	 737
	  	2000 Kings Highway	  	Port Charlotte	  	FL	  	 	33980	  	  	Charlotte
						
	 741
	  	27680 Bermont Road	  	Punta Gorda	  	FL	  	 	33982	  	  	Charlotte
						
	 743
	  	4849 Golden Gate Parkway	  	Naples	  	FL	  	 	34116	  	  	Collier
						
	 745
	  	1145 Homestead Road North	  	Lehigh Acres	  	FL	  	 	33936	  	  	Lee
						
	 746
	  	70 Plaza Ave •	  	Lake Placid	  	FL	  	 	33852	  	  	Highlands
						
	 750
	  	6270 Commercial Way	  	Brooksville	  	FL	  	 	34613	  	  	Hernando
						
	 751
	  	1602 Lake Trafford Road	  	Immokalee	  	FL	  	 	34142	  	  	Collier
						
	 777
	  	9535 E Fowler Ave	  	Thonotosassa	  	FL	  	 	33592	  	  	Hillsborough
						
	 1329
	  	211 Veterans Memorial Blvd.	  	Metairie	  	LA	  	 	70124	  	  	Orleans Parish
						
	 1333
	  	1550 Government Blvd.	  	Mobile	  	AL	  	 	36604	  	  	Mobile
						
	 1334
	  	2800 Lincoln Rd.	  	Hattiesburg	  	MS	  	 	39402	  	  	Forrest

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 1345
	  	21951 Hwy 59 South, Suite F	  	Robertsdale	  	AL	  	 	36567	  	  	Baldwin
						
	 1353
	  	851 Brownswitch Road	  	Slidell	  	LA	  	 	70458	  	  	St. Tammany
						
	 1356
	  	2386 Pass Road	  	Biloxi	  	MS	  	 	39531	  	  	Harrison
						
	 1357
	  	2384 Pass Rd.	  	Biloxi	  	MS	  	 	39531	  	  	Harrison
						
	 1404
	  	8601 Jefferson Highway	  	River Ridge	  	LA	  	 	70123	  	  	Jefferson
						
	 1405
	  	2112 Belle Chasse Hwy.	  	Gretna	  	LA	  	 	70056	  	  	Jefferson
						
	 1406
	  	4041 Williams Blvd.	  	Kenner	  	LA	  	 	70065	  	  	Jefferson
						
	 1408
	  	4600 Chef Menteur	  	New Orleans	  	LA	  	 	70126	  	  	Orleans Parish
						
	 1411
	  	5901 Airline Highway	  	Metairie	  	LA	  	 	70003	  	  	Jefferson
						
	 1412
	  	2104 Williams Blvd	  	Kenner	  	LA	  	 	70062	  	  	Jefferson
						
	 1418
	  	3001 Highway 90	  	Avondale	  	LA	  	 	70094	  	  	Jefferson
						
	 1425
	  	3645 Lapalco Blvd	  	Harvey	  	LA	  	 	70058	  	  	Jefferson
						
	 1426
	  	3008 Holiday Drive	  	New Orleans	  	LA	  	 	70131	  	  	Orleans Parish
						
	 1428
	  	3623 Jefferson Hwy.	  	Jefferson	  	LA	  	 	70121	  	  	Jefferson
						
	 1430
	  	5400 Tchoupitoulas	  	New Orleans	  	LA	  	 	70115	  	  	Orleans Parish
						
	 1431
	  	1070 Westbank Expressway	  	Westwego	  	LA	  	 	70094	  	  	Jefferson
						
	 1432
	  	3300 Paris Road	  	Chalmette	  	LA	  	 	70043	  	  	Saint Bernard
						
	 1438
	  	4700 East Judge Perez	  	Meraux	  	LA	  	 	70092	  	  	Saint Bernard
						
	 1439
	  	9701 Chef Menteur Highway	  	New Orleans	  	LA	  	 	70127	  	  	Orleans Parish
						
	 1440
	  	4627 Ws Expressway	  	Marrero	  	LA	  	 	70072	  	  	Jefferson
						
	 1443
	  	70431 Hwy 21	  	Covington	  	LA	  	 	70433	  	  	St. Tammany Parish
						
	 1444
	  	12125 Highway 90	  	Luling	  	LA	  	 	70070	  	  	Saint Charles
						
	 1446
	  	619 N. Causeway Blvd.	  	Mandeville	  	LA	  	 	70448	  	  	St. Tammany Parish
						
	 1448
	  	1001 Hwy 190 Ste. 132	  	Covington	  	LA	  	 	70433	  	  	St. Tammany Parish
						
	 1449
	  	804 W. Oak Street	  	Amite	  	LA	  	 	70422	  	  	Tangipahoa
						
	 1452
	  	400 Georgia Ave.	  	Bogalusa	  	LA	  	 	70427	  	  	Washington
						
	 1453
	  	6800 Greenwell Springs	  	Baton Rouge	  	LA	  	 	70805	  	  	East Baton Rouge Parish
						
	 1454
	  	5555 Burbank Drive	  	Baton Rouge	  	LA	  	 	70808	  	  	East Baton Rouge Parish

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 1456
	  	1104 East Main Street	  	New Iberia	  	LA	  	 	70560	  	  	Iberia
						
	 1459
	  	1411 The Boulevard	  	Rayne	  	LA	  	 	70578	  	  	Acadia
						
	 1461
	  	8601 Siegen Lane	  	Baton Rouge	  	LA	  	 	70810	  	  	East Baton Rouge Parish
						
	 1463
	  	1803 La Hwy 3125	  	Gramercy	  	LA	  	 	70052	  	  	Saint James
						
	 1467
	  	13555 Old Hammond Hwy.	  	Baton Rouge	  	LA	  	 	70816	  	  	East Baton Rouge Parish
						
	 1477
	  	1701 Sycamore Road	  	Picayune	  	MS	  	 	39466	  	  	Pearl River
						
	 1478
	  	1515 Bienville Blvd	  	Ocean Springs	  	MS	  	 	39564	  	  	Jackson
						
	 1479
	  	109 North Cleveland Ave.	  	Long Beach	  	MS	  	 	39560	  	  	Harrison
						
	 1483
	  	801 Hwy. 11 South	  	Picayune	  	MS	  	 	39466	  	  	Pearl River
						
	 1490
	  	2004 North Parkerson Ave	  	Crowley	  	LA	  	 	70526	  	  	Acadia
						
	 1500
	  	4100 Highway 59	  	Mandeville	  	LA	  	 	70471	  	  	Saint Tammany
						
	 1501
	  	731 Washington Street	  	Franklinton	  	LA	  	 	70438	  	  	Washington
						
	 1502
	  	2985 Gause Blvd.	  	Slidell	  	LA	  	 	70461	  	  	St. Tammany Parish
						
	 1504
	  	3030 Ponchartrain Drive	  	Slidell	  	LA	  	 	70458	  	  	St. Tammany Parish
						
	 1511
	  	11312 H Hwy 49	  	Gulfport	  	MS	  	 	39503	  	  	Harrison
						
	 1512
	  	1444 East Pass Road	  	Gulfport	  	MS	  	 	39507	  	  	Harrison
						
	 1513
	  	10511 D’iberville Blvd.	  	D’iberville	  	MS	  	 	39540	  	  	Harrison
						
	 1534
	  	771 Us. Hwy. 98	  	Columbia	  	MS	  	 	39429	  	  	Marion
						
	 1537
	  	2302 W. Thomas Street	  	Hammond	  	LA	  	 	70403	  	  	Tangipahoa
						
	 1540
	  	145 Berryland Shopping Center	  	Ponchatoula	  	LA	  	 	70454	  	  	Tangipahoa
						
	 1549
	  	924 Rees Street	  	Breaux Bridge	  	LA	  	 	70517	  	  	Saint Martin
						
	 1555
	  	3803-F Moss Street	  	Lafayette	  	LA	  	 	70507	  	  	Lafayette
						
	 1558
	  	2210 Veterans Memorial Dr.	  	Abbeville	  	LA	  	 	70510	  	  	Vermilion
						
	 1559
	  	204 Northwest Blvd.	  	Franklin	  	LA	  	 	70538	  	  	Saint Mary
						
	 1561
	  	2240 Amb Caffery	  	Lafayette	  	LA	  	 	70506	  	  	Lafayette
						
	 1570
	  	1800 W. Laurel	  	Eunice	  	LA	  	 	70535	  	  	Saint Landry
						
	 1572
	  	420 Hospital Road	  	New Roads	  	LA	  	 	70760	  	  	Pointe Coupee
						
	 1576
	  	10974 Joor Rd	  	Baton Rouge	  	LA	  	 	70818	  	  	East Baton Rouge Parish

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 1581
	  	5005 Church Street	  	Zachary	  	LA	  	 	70791	  	  	East Baton Rouge
						
	 1583
	  	1830 West Airline Hwy	  	Laplace	  	LA	  	 	70068	  	  	St John the Baptist
						
	 1588
	  	12519 Airline Hwy, Suite A	  	Destrehan	  	LA	  	 	70047	  	  	Saint Charles
						
	 1590
	  	17682 Airline Hwy	  	Prairieville	  	LA	  	 	70769	  	  	Ascension
						
	 1812
	  	2101 Veterans Blvd.	  	Dublin	  	GA	  	 	31021	  	  	Laurens
						
	 1854
	  	785 Hwy 96	  	Bonaire	  	GA	  	 	31005	  	  	Houston
						
	 2203
	  	1838 S Ridgewood Ave	  	Edgewater	  	FL	  	 	32141	  	  	Volusia
						
	 2205
	  	10393-97 Se Hwy 441-27	  	Belleview	  	FL	  	 	34420	  	  	Marion
						
	 2206
	  	15912 E Sr 40	  	Silver Springs	  	FL	  	 	34488	  	  	Marion
						
	 2207
	  	3318 Canoe Creek Rd.	  	St Cloud	  	FL	  	 	34772	  	  	Osceola
						
	 2209
	  	700 Cheney Hwy	  	Titusville	  	FL	  	 	32780	  	  	Brevard
						
	 2210
	  	333 Highland Ave Space 600	  	Inverness	  	FL	  	 	34452	  	  	Citrus
						
	 2211
	  	2640 Ne 14th St	  	Ocala	  	FL	  	 	34470	  	  	Marion
						
	 2213
	  	4417 Nw Blitchton Road	  	Ocala	  	FL	  	 	34482	  	  	Marion
						
	 2215
	  	11957 South Apopka Vineland Rd	  	Orlando	  	FL	  	 	32836	  	  	Orange
						
	 2216
	  	2001 Americana Blvd	  	Orlando	  	FL	  	 	32839	  	  	Orange
						
	 2217
	  	6405 W Gulf To Lake Hwy	  	Crystal River	  	FL	  	 	34429	  	  	Citrus
						
	 2219
	  	10051 So. U.S. Hwy 41	  	Dunnellon	  	FL	  	 	34432	  	  	Marion
						
	 2220
	  	3565 N Lecanto Hwy 491	  	Beverly Hills	  	FL	  	 	34465	  	  	Citrus
						
	 2223
	  	3792 S Suncoast Blvd	  	Homosassa	  	FL	  	 	34448	  	  	Citrus
						
	 2225
	  	684 East Hwy 50	  	Clermont	  	FL	  	 	34711	  	  	Lake
						
	 2228
	  	3435 N. Pine Avenue	  	Ocala	  	FL	  	 	34475	  	  	Marion
						
	 2229
	  	184 Marion Oaks Blvd	  	Ocala	  	FL	  	 	34473	  	  	Marion
						
	 2230
	  	190 Malabar Rd Sw	  	Palm Bay	  	FL	  	 	32908	  	  	Brevard
						
	 2231
	  	1560 S. Nova Road	  	Daytona Beach	  	FL	  	 	32114	  	  	Volusia
						
	 2233
	  	951 West State Road 434	  	Longwood	  	FL	  	 	32750	  	  	Seminole
						
	 2235
	  	2415 E Colonial Dr.	  	Orlando	  	FL	  	 	32803	  	  	Orange
						
	 2237
	  	2 North Us Hwy 17-92	  	Debary	  	FL	  	 	32713	  	  	Volusia

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 2238
	  	4855 Irlo Bronson Hwy.	  	St. Cloud	  	FL	  	 	34771	  	  	Osceola
						
	 2241
	  	1200 Deltona Blvd	  	Deltona	  	FL	  	 	32725	  	  	Volusia
						
	 2244
	  	111 Flagler Plaza Dr.	  	Palm Coast	  	FL	  	 	32137	  	  	Flagler
						
	 2246
	  	1565 Us 441 N	  	Apopka	  	FL	  	 	32712	  	  	Orange
						
	 2247
	  	1260 W Palm Coast Parkway	  	Palm Coast	  	FL	  	 	32164	  	  	Flagler
						
	 2249
	  	1229 A Providence Blvd	  	Deltona	  	FL	  	 	32725	  	  	Volusia
						
	 2250
	  	1531 East Silver Star Road	  	Ocoee	  	FL	  	 	34761	  	  	Orange
						
	 2258
	  	1541 Nova Rd	  	Holly Hill	  	FL	  	 	32117	  	  	Volusia
						
	 2260
	  	1347 E Vine St	  	Kissimmee	  	FL	  	 	34744	  	  	Osceola
						
	 2261
	  	450 E Burleigh Blvd	  	Tavares	  	FL	  	 	32778	  	  	Lake
						
	 2263
	  	2200 S Atlantic	  	Daytona Beach	  	FL	  	 	32118	  	  	Volusia
						
	 2265
	  	900 Cypress Pkwy	  	Poinciana	  	FL	  	 	34759	  	  	Polk
						
	 2266
	  	7800 S Hwy 17-92unit 160	  	Fern Park	  	FL	  	 	32730	  	  	Seminole
						
	 2267
	  	7382 E. Curry Ford Rd	  	Orlando	  	FL	  	 	32822	  	  	Orange
						
	 2268
	  	3170 W New Haven	  	W Melbourne	  	FL	  	 	32904	  	  	Brevard
						
	 2269
	  	13200 E Colonial	  	Orlando	  	FL	  	 	32828	  	  	Orange
						
	 2270
	  	12500 Lake Underhill Rd.	  	Orlando	  	FL	  	 	32828	  	  	Orange
						
	 2271
	  	1021 Lockwood Blvd	  	Oviedo	  	FL	  	 	32765	  	  	Seminole
						
	 2273
	  	1750 Sunshadow Dr. #100	  	Casselberry	  	FL	  	 	32707	  	  	Seminole
						
	 2276
	  	4686 E Michigan Street	  	Orlando	  	FL	  	 	32812	  	  	Orange
						
	 2278
	  	1401 South Hiawassee Rd.	  	Orlando	  	FL	  	 	32835	  	  	Orange
						
	 2281
	  	4400 Hoffner Road	  	Orlando	  	FL	  	 	32812	  	  	Orange
						
	 2286
	  	3535 Se Maricamp Rd Ste 400	  	Ocala	  	FL	  	 	34471	  	  	Marion
						
	 2287
	  	6851 S.E. Maricamp Road	  	Ocala	  	FL	  	 	34472	  	  	Marion
						
	 2288
	  	2960 Curry Ford Rd	  	Orlando	  	FL	  	 	32806	  	  	Orange
						
	 2289
	  	8445 Sw Hwy 200, Ste #131	  	Ocala	  	FL	  	 	34481	  	  	Marion
						
	 2301
	  	2722 N. Pine Hills Rd	  	Orlando	  	FL	  	 	32808	  	  	Orange
						
	 2304
	  	1835 State Road 44	  	New Smyrna Beach	  	FL	  	 	32168	  	  	Volusia

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 2306
	  	1514 S French Ave	  	Sanford	  	FL	  	 	32771	  	  	Seminole
						
	 2309
	  	352 West Granada Blvd	  	Ormond Beach	  	FL	  	 	32174	  	  	Volusia
						
	 2311
	  	4025 S Nova Road	  	Port Orange	  	FL	  	 	32127	  	  	Volusia
						
	 2313
	  	2880 Howland Boulevard	  	Deltona	  	FL	  	 	32725	  	  	Volusia
						
	 2314
	  	1066 Clear Lake Road	  	Cocoa	  	FL	  	 	32922	  	  	Brevard
						
	 2320
	  	1122 N Main St	  	Bushnell	  	FL	  	 	33513	  	  	Sumter
						
	 2321
	  	440 West Gulf To Atlantic Hwy	  	Wildwood	  	FL	  	 	34785	  	  	Sumter
						
	 2325
	  	100 Canaveral Plaza Blvd	  	Cocoa Beach	  	FL	  	 	32931	  	  	Brevard
						
	 2326
	  	1564 Harrison St	  	Titusville	  	FL	  	 	32780	  	  	Brevard
						
	 2327
	  	1535 N Singleton Ave	  	Titusville	  	FL	  	 	32796	  	  	Brevard
						
	 2328
	  	961 E Eau Gallie Blvd	  	Melbourne	  	FL	  	 	32937	  	  	Brevard
						
	 2329
	  	6257 Us Hwy 1	  	Port St John	  	FL	  	 	32927	  	  	Brevard
						
	 2333
	  	5270 Babcock St Units 29 & 30	  	Palm Bay	  	FL	  	 	32905	  	  	Brevard
						
	 2334
	  	1100 Us Hwy 27	  	Clermont	  	FL	  	 	34714	  	  	Lake
						
	 2335
	  	1955 North S.R. 19	  	Eustis	  	FL	  	 	32726	  	  	Lake
						
	 2336
	  	27405 Us Hwy 27 Suite 119	  	Leesburg	  	FL	  	 	34748	  	  	Lake
						
	 2337
	  	944 Bichara Blvd.	  	Lady Lake	  	FL	  	 	32159	  	  	Lake
						
	 2341
	  	2701 S. Woodland Blvd.	  	Deland	  	FL	  	 	32720	  	  	Volusia
						
	 2342
	  	3120 N Woodland Blvd	  	Deland	  	FL	  	 	32720	  	  	Volusia
						
	 2343
	  	1050 W New York Avenue	  	Deland	  	FL	  	 	32720	  	  	Volusia
						
	 2347
	  	1103 W North Blvd	  	Leesburg	  	FL	  	 	34748	  	  	Lake
						
	 2348
	  	281 Sw Port St Lucie Blvd	  	Port St Lucie	  	FL	  	 	34986	  	  	St. Lucie
						
	 2349
	  	4870 N Kings Hwy	  	Ft Pierce	  	FL	  	 	34951	  	  	St. Lucie
						
	 2354
	  	995 Sebastian Blvd	  	Sebastian	  	FL	  	 	32958	  	  	Indian River
						
	 2355
	  	4967 S Us 1	  	Ft Pierce	  	FL	  	 	34982	  	  	St. Lucie
						
	 2358
	  	2009 South Us 1	  	Ft Pierce	  	FL	  	 	34981	  	  	St. Lucie
						
	 2366
	  	2950 9th Street Sw	  	Vero Beach	  	FL	  	 	32968	  	  	Indian River
						
	 2367
	  	7960 Us Hwy #1	  	Micco	  	FL	  	 	32958	  	  	Brevard

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 2380
	  	120 International Parkway	  	Lake Mary	  	FL	  	 	32746	  	  	Seminole
						
	 2383
	  	7580 University Blvd	  	Winter Park	  	FL	  	 	32792	  	  	Orange
						
	 2388
	  	340 South Sr 434 Suite 1034	  	Altamonte Springs	  	FL	  	 	32714	  	  	Seminole
						
	 2390
	  	5732 N Hiawassee	  	Orlando	  	FL	  	 	32818	  	  	Orange
						
	 2392
	  	7053 South Orange Blossom Trail	  	Orlando	  	FL	  	 	32809	  	  	Orange
						
	 2601
	  	1012 Edgewood Ave.	  	Jacksonville	  	FL	  	 	32205	  	  	Duval
						
	 2602
	  	5134 Firestone Road	  	Jacksonville	  	FL	  	 	32210	  	  	Duval
						
	 2603
	  	201 W. 48th Street	  	Jacksonville	  	FL	  	 	32208	  	  	Duval
						
	 2621
	  	1700 North Frontage Rd.	  	Meridian	  	MS	  	 	39301	  	  	Lauderdale
						
	 2626
	  	4400 Hardy St	  	Hattiesburg	  	MS	  	 	39402	  	  	Forrest
						
	 2628
	  	170 Beacon Street	  	Laurel	  	MS	  	 	39440	  	  	Jones
						
	 2652
	  	4520 S. Semoran Blvd	  	Orlando	  	FL	  	 	32812	  	  	Orange
						
	 2654
	  	10537 E Colonial Dr.	  	Orlando	  	FL	  	 	32817	  	  	Orange
						
	 2656
	  	3201 W Colonial	  	Orlando	  	FL	  	 	32808	  	  	Orange
						
	 2659
	  	2525 E. Hillsboro Avenue	  	Tampa	  	FL	  	 	33610	  	  	Hillsborough

  
 [Schedules to Credit
Agreement] 

 Leased Liquor Stores 
  

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 21
	  	2220 County Rd. 210 West	  	Jacksonville	  	FL	  	 	32259	  	  	St. Johns
						
	 31
	  	1070 NW Santa Fe Blvd	  	High Springs	  	FL	  	 	32643	  	  	Alachua
						
	 82
	  	800 S Marion Street Suite 101	  	Lake City	  	FL	  	 	32025	  	  	Columbia
						
	 90
	  	111-39-1 S. Magnolia	  	Tallahassee	  	FL	  	 	32301	  	  	Leon
						
	 106
	  	1227 Atlantic Blvd	  	Neptune Beach	  	FL	  	 	32266	  	  	Duval
						
	 136
	  	2851 Henley Rd., Ste. 108	  	Green Cove Springs	  	FL	  	 	32043	  	  	Clay
						
	 143
	  	11701-10a San Jose Blvd	  	Jacksonville	  	FL	  	 	32223	  	  	Duval
						
	 150
	  	300 S.W. 16th Avenue	  	Gainesville	  	FL	  	 	32601	  	  	Alachua
						
	 156
	  	901 Hwy 19 South	  	Palatka	  	FL	  	 	32177	  	  	Putnam
						
	 183
	  	3538-A Blanding Blvd.	  	Jacksonville	  	FL	  	 	32210	  	  	Duval
						
	 187
	  	8560 Argyle Forest Blvd	  	Jacksonville	  	FL	  	 	32244	  	  	Duval
						
	 258
	  	17101 Miramar Pkwy	  	Miramar	  	FL	  	 	33027	  	  	Broward
						
	 261
	  	2675 S Military Trail Ste 100	  	West Palm Beach	  	FL	  	 	33415	  	  	Palm Beach
						
	 266
	  	14595 S Military Trail Ste 100	  	Delray Beach	  	FL	  	 	33484	  	  	Palm Beach
						
	 277
	  	3435 N Federal Hwy	  	Pompano Beach	  	FL	  	 	33064	  	  	Broward

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 279
	  	Federal Hwy & Ne 6th St	  	Ft Lauderdale	  	FL	  	 	33301	  	  	Broward
						
	 289
	  	20417 Biscayne Blvd	  	N. Miami Beach	  	FL	  	 	33180	  	  	Miami-Dade
						
	 293
	  	West 49th St. & 16th	  	Hialeah	  	FL	  	 	33012	  	  	Miami-Dade
						
	 300
	  	11292 State Road 84	  	Davie	  	FL	  	 	33325	  	  	Broward
						
	 303
	  	553 West 49th Street	  	Hialeah	  	FL	  	 	33012	  	  	Miami-Dade
						
	 314
	  	1519 East Hallandale Bch Blvd	  	Hallandale	  	FL	  	 	33009	  	  	Broward
						
	 322
	  	7911 S Dixie Highway	  	West Palm Beach	  	FL	  	 	33405	  	  	Palm Beach
						
	 324
	  	2720a N. Roosevelt Blvd.	  	Key West	  	FL	  	 	33040	  	  	Monroe
						
	 327
	  	2150 S Federal Highway	  	Stuart	  	FL	  	 	34994	  	  	Martin
						
	 365
	  	3310 Se Salerno Rd.	  	Stuart	  	FL	  	 	34997	  	  	Martin
						
	 389
	  	18302 Sw 137th Avenue	  	Miami	  	FL	  	 	33177	  	  	Miami-Dade
						
	 391
	  	3700 Broadway	  	Riviera Beach	  	FL	  	 	33404	  	  	Palm Beach
						
	 393
	  	12095 Sw 152nd Street	  	Miami	  	FL	  	 	33177	  	  	Miami-Dade
						
	 394
	  	2111 Sw 33rd Avenue	  	Miami	  	FL	  	 	33145	  	  	Miami-Dade
						
	 395
	  	5598 West Sample Road	  	Margate	  	FL	  	 	33073	  	  	Broward
						
	 455
	  	1812 Hwy 77 S Suite 120	  	Lynn Haven	  	FL	  	 	32444	  	  	Bay
						
	 466
	  	3327 Gulf Breeze Parkway	  	Gulf Breeze	  	FL	  	 	32563	  	  	Santa Rosa

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 483
	  	13109 Sorrento Rd.	  	Pensacola	  	FL	  	 	32507	  	  	Escambia
						
	 485
	  	3619 Us 231 North	  	Panama City	  	FL	  	 	32404	  	  	Bay
						
	 497
	  	17186 Front Beach	  	Panama City	  	FL	  	 	32413	  	  	Bay
						
	 505
	  	23202 Front Beach Rd.	  	Panama City	  	FL	  	 	32413	  	  	Bay
						
	 515
	  	5977 Mobile Hwy	  	Pensacola	  	FL	  	 	32526	  	  	Escambia
						
	 567
	  	981 Us Hwy 98 East Suite A	  	Destin	  	FL	  	 	32541	  	  	Okaloosa
						
	 589
	  	4478 Suite B Market St	  	Marianna	  	FL	  	 	32446	  	  	Jackson
						
	 610
	  	8740a Park Blvd	  	Largo	  	FL	  	 	33777	  	  	Pinellas
						
	 614
	  	12951 Park Blvd	  	Seminole	  	FL	  	 	33776	  	  	Pinellas
						
	 616
	  	Us Hwy 27 South	  	Avon Park	  	FL	  	 	33825	  	  	Highlands
						
	 645
	  	6902 South Florida Ave	  	Lakeland	  	FL	  	 	33813	  	  	Polk
						
	 661
	  	15200 Municipal Drive	  	Maderia Beach	  	FL	  	 	33708	  	  	Pinellas
						
	 665
	  	5402 Fruitville Road	  	Sarasota	  	FL	  	 	34232	  	  	Sarasota
						
	 707
	  	2100 34th Street North	  	St Petersburg	  	FL	  	 	33713	  	  	Pinellas
						
	 722
	  	4104 Mccall Road	  	Englewood	  	FL	  	 	34224	  	  	Charlotte
						
	 730
	  	621 N Collier Blvd	  	Marco Island	  	FL	  	 	34145	  	  	Collier
						
	 753
	  	31080 Cortez Blvd	  	Brooksville	  	FL	  	 	34602	  	  	Hernando

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 754
	  	891 S. Pinellas Avenue	  	Tarpon Springs	  	FL	  	 	34689	  	  	Pinellas
						
	 755
	  	1006 53rd Ave E	  	Bradenton	  	FL	  	 	34203	  	  	Manatee
						
	 756
	  	1047 62 Ave N.	  	St Petersburg	  	FL	  	 	33702	  	  	Pinellas
						
	 761
	  	3280 Tamiami Trail	  	Port Charlotte	  	FL	  	 	33952	  	  	Charlotte
						
	 1356
	  	Pass Road	  	Biloxi	  	MS	  	 	39531	  	  	Harrison
						
	 2204
	  	10055 S. Us Hwy 41	  	Dunnellon	  	FL	  	 	34432	  	  	Marion
						
	 2226
	  	3320 Canoe Creek Rd.	  	St Cloud	  	FL	  	 	34772	  	  	Osceola
						
	 2245
	  	684 East Hwy 50	  	Clermont	  	FL	  	 	34711	  	  	Lake
						
	 2248
	  	15916 East Sr 40	  	Silver Springs	  	FL	  	 	34488	  	  	Marion
						
	 2251
	  	1573 West Highway 441	  	Apopka	  	FL	  	 	32712	  	  	Orange
						
	 2253
	  	955 West State Rd 434	  	Longwood	  	FL	  	 	32750	  	  	Seminole
						
	 2299
	  	1401 South Hiawassee Rd	  	Orlando	  	FL	  	 	32835	  	  	Orange
						
	 2310
	  	365 W. Granada Blvd	  	Ormond Beach	  	FL	  	 	32174	  	  	Volusia
						
	 2318
	  	6231 Us Highway 1	  	Port St John	  	FL	  	 	32927	  	  	Brevard
						
	 2322
	  	438 West Gulf To Atlantic Hwy	  	Wildwood	  	FL	  	 	34785	  	  	Sumter
						
	 2331
	  	959 E Eau Gallie Blvd	  	Melbourne	  	FL	  	 	32937	  	  	Brevard
						
	 2338
	  	1529 N Singleton Ave	  	Titusville	  	FL	  	 	32796	  	  	Brevard

  
 [Schedules to Credit
Agreement] 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 2350
	  	944 Bichara Blvd	  	Lady Lake	  	FL	  	 	32159	  	  	Lake
						
	 2351
	  	5270 Babcock St Ne Unit 30b	  	Palm Bay	  	FL	  	 	32905	  	  	Brevard
						
	 2356
	  	120 International Pkwy	  	Lake Mary	  	FL	  	 	32808	  	  	Orange
						
	 2360
	  	2701-A S Woodland Blvd	  	Deland	  	FL	  	 	32720	  	  	Volusia
						
	 2362
	  	4870 N Kings Highway	  	Fort Pierce	  	FL	  	 	34951	  	  	St. Lucie
						
	 2363
	  	488 E. Burleigh Blvd.	  	Tavares	  	FL	  	 	32778	  	  	Lake
						
	 2364
	  	7800 South Highway 17-92	  	Fern Park	  	FL	  	 	32730	  	  	Seminole
						
	 2368
	  	7960 Us Hwy #1	  	Micco	  	FL	  	 	32976	  	  	Brevard
						
	 2389
	  	340 South Sr 434 Suite 1036	  	Altamonte Springs	  	FL	  	 	32714	  	  	Seminole
						
	 2399
	  	1750 Sunshadow Dr. #96	  	Casselberry	  	FL	  	 	32707	  	  	Seminole
						
	 2657
	  	3201 W Colonial	  	Orlando	  	FL	  	 	32804	  	  	Orange

  
 [Schedules to Credit
Agreement] 

 Stores Under Ground Lease 

 

													
	 STORE ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	 	  	 COUNTY

	 105
	  	720 Main Street	  	N. Myrtle Beach	  	SC	  	 	29582	  	  	Horry
						
	 448
	  	850 Folly Road	  	James Island	  	SC	  	 	29412	  	  	Charleston
						
	 608
	  	2111 N. Pleasantburg Drive	  	Greenville	  	SC	  	 	29609	  	  	Greenville
						
	 723
	  	300 Knox Abbott Drive	  	Cayce	  	SC	  	 	29033	  	  	Lexington
						
	 103
	  	1545 County Road 220	  	Orange Park	  	FL	  	 	32003	  	  	Clay
						
	 292
	  	1630 West 49th St.	  	Hialeah	  	FL	  	 	33012	  	  	Miami-Dade
						
	 2379
	  	7840 W. Irlo Bronson Highway	  	Kissimmee	  	FL	  	 	34747	  	  	Osceola

  
 [Schedules to Credit
Agreement] 

 Other Locations Leased, other than Stores 

 

													
	 ASSET ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	ZIP CODE	  	 COUNTY
	  	 DESIGNATION
(IF
ANY)7

	7058	  	1075 S. Batesville Road	  	Greer	  	SC	  	29651	  	Greenville	  	N/A
							
	907(b)9	  	211 BI-LO Boulevard	  	Greenville	  	SC	  	29607	  	Greenville	  	N/A
							
	91110	  	4295 Cromwell Road	  	Chattanooga	  	TN	  	37421	  	Hamilton	  	N/A
							
	912	  	208 BI-LO Boulevard	  	Greenville	  	SC	  	29607	  	Greenville	  	N/A
							
	18911	  	Chafee Road	  	Jacksonville	  	FL	  	32220	  	Duval	  	N/A
							
	231912	  	1122 N Main Street	  	Bushnell	  	FL	  	33513	  	Sumster	  	N/A
							
	263813	  	170 Beacon Street	  	Laurel	  	MS	  	39440	  	Jones	  	N/A
							
	263614	  	4400 Hardy Street	  	Hattiesburg	  	MS	  	39402	  	Forrest	  	N/A

  

	7 	Notwithstanding the designations, the Credit Party shall use commercially reasonable efforts to obtain a Landlord Personal Property Collateral Access Agreement or bailee letter, as applicable with respect to any
warehouse, processor or converter facility or other location where Inventory of a Credit Party with a book value in excess of $500,000 is stored or located (other than any retail store), in addition to those locations designated as “Leasehold
Subject to Landlord Waiver”. 

	8 	Warehouse for equipment 

	9	A portion of the property described as lease number 907 is used as office space by BI-LO pursuant to a “take-back” lease from C&S Wholesale Services,
Inc. 

	10 	Warehouse for equipment with limited office space 

	11 	Fuel center 

	12 	Fuel center 

	13 	Fuel center 

	14 	Fuel center 

  
 [Schedules to Credit
Agreement] 

													
	 ASSET ID
	  	 ADDRESS
	  	 CITY
	  	 STATE
	  	 ZIP CODE
	  	 COUNTY
	  	 DESIGNATION

(IF ANY)7

	 Winn Dixie Headquarter Offices
	  	5050 Edgewood Court	  	Jacksonville	  	FL	  	32254	  	Duval	  	Leasehold Subject to Landlord Waiver
							
	 Aster Building
	  	5244 Edgewood Court	  	Jacksonville	  	FL	  	32254	  	Duval	  	N/A
							
	 Baypine Office
	  	8649 Baypine Road, Suite 300, Building 700	  	Jacksonville	  	FL	  	32256	  	Duval	  	N/A
							
	 Cassat Office
	  	750 Cassat Avenue	  	Jacksonville	  	FL	  	32205	  	Duval	  	N/A
							
	 Pompano Office
	  	1141 S.W. 12th Avenue	  	Pompano Beach	  	FL	  	33069	  	Broward	  	N/A
							
	 Beverage Plant
	  	255 Jacksonville Highway	  	Fitzgerald	  	GA	  	31750	  	Irwin	  	N/A
							
	 Miami Distribution
	  	3300 NW 123rd Street	  	Miami	  	FL	  	33167	  	Dade	  	Leasehold Subject to Landlord Waivers
							
	 Hammond Distribution
	  	3925 Highway 190 West	  	Hammond	  	LA	  	70401	  	Tangipahoa Parish	  	Leasehold Subject to Landlord Waivers
							
	 Orlando Distribution
	  	3015 Coast Line Drive	  	Orlando	  	FL	  	32808	  	Orange	  	Leasehold Subject to Landlord Waivers
							
	 Montgomery (Hope Hull) Distribution
	  	6080 U.S. Highway 31 / 6080 Mobile Highway (addresses used interchangeably)	  	Montgomery	  	AL	  	36108	  	Montgomery	  	Leasehold Subject to Landlord Waivers

  
 [Schedules to Credit
Agreement] 

 Other Leases 
  

											
	 LEASE
NUMBER
	  	 ADDRESS
	  	 CITY
	  	 COUNTY/STATE
	  	 DESIGNATION
(IF
ANY)15
	  	 COMMENTS

	269(b)	  	901 Church Street	  	Conway	  	Horry, SC	  	N/A	  	This lease provides access to U.S. Hwy 501, which abuts Store 269.
						
	555(b)	  	714 Bypass 25 NE	  	Greenwood	  	Greenwood, SC	  	N/A	  	BI-LO, LLC is the ground lessee with respect to property at this address. It formerly owned the building in which Store 555 is located, but sold its interest therein in 2007. Store 555 is now a leased location (as indicated in
Part I above).
						
	555(c)	  	714 Bypass 25 NE	  	Greenwood	  	Greenwood, SC	  	N/A	  	BI-LO, LLC leases an outparcel at the same address as Store 555 from Garrett Warehousing Co.

  

	15 	Notwithstanding the designations below, the Credit Party shall use commercially reasonable efforts to obtain a Landlord Personal Property Collateral Access Agreement or bailee letter, as applicable with respect to any
warehouse, processor or converter facility or other location where Inventory of a Credit Party with a book value in excess of $500,000 is stored or located (other than any retail store)., in addition to those locations designated below as
“Leasehold Subject to Landlord Waiver”. 

  
 [Schedules to Credit
Agreement] 

											
	 LEASE
NUMBER
	  	 ADDRESS
	  	 CITY
	  	 COUNTY/STATE
	  	 DESIGNATION
(IF
ANY)15
	  	 COMMENTS

	90716	  	211 BI-LO Blvd	  	Greenville	  	Greenville, SC	  	N/A	  	BI-LO, LLC subleases property at this address from Ahold Lease U.S.A., Inc. and sub-subleases said property to C&S Wholesale Services, Inc., excluding a general office building.
						
	708	  	Heckle & Herlong	  	Rock Hill	  	York, SC	  	N/A	  	Leased property used for ingress and egress to Asset #708 listed in Owned Unimproved Real Property below.
						
	710	  	500-1 Old Greenville Hwy	  	Clemson	  	Pickens, SC	  	N/A	  	Asset #710 was purchased from Winn-Dixie in 2005. Of the approximately 50,000 rentable square feet comprised by such location, approximately 30,000 square feet are sublet to a third-party and 20,000 square feet are vacant. BI-LO,
LLC is the lessee with respect to a master lease of the entire shopping center at this address.

  

	16 	A portion of the property described as lease number 907 is used as office space by BI-LO pursuant to a “take-back” lease from C&S Wholesale Services, Inc. 

  
 [Schedules to Credit
Agreement] 

 Owned Improved Real Property 

 

													
	 ASSET ID
	 	 OWNER
	 	 ADDRESS
	 	 CITY
	 	COUNTY	 	STATE	 	DESIGNATION
(IF ANY)
	54817	 	ARP James Island LLC	 	850 Folly Rd.	 	James Island	 	Charleston, SC	 	SC	 	N/A
							
	3218	 	ARP Hartsville LLC	 	819 W. Carolina Ave.	 	Hartsville	 	Darlington, SC	 	SC	 	N/A
							
	65019	 	BI-LO, LLC	 	20 Haywood Rd	 	Greenville	 	Greenville, SC	 	SC	 	N/A
							
	125	 	Winn-Dixie Properties, LLC	 	1625 West Tharpe St.	 	Tallahassee	 	Leon	 	FL	 	N/A
							
	129	 	Winn-Dixie Properties, LLC	 	3905 A1A South	 	St. Augustine Beach	 	St. Johns	 	FL	 	N/A
							
	267	 	Winn-Dixie Properties, LLC	 	5501 – 5575 & 5585 Overseas Highway	 	Marathon	 	Monroe	 	FL	 	N/A
							
	1577	 	Winn-Dixie Properties, LLC	 	13002 Coursey Blvd.	 	Baton Rouge	 	E. Baton
Rouge	 	LA	 	N/A
							
	1591	 	Winn-Dixie Properties, LLC	 	28145 Walker S. Rd.	 	Walker	 	Livingston	 	LA	 	N/A

  

	17 	Asset 548 is a vacant former BI-LO location for which ARP James Island LLC is the fee owner of the land and building thereon. 

	18 	ARP Hartsville LLC owns a portion of a shopping center at this address which it leases out to third parties. The BI-LO location at this address is leased property (as listed in Leased Store Locations above).

	19 	Asset 650 is a former Kroger location purchased by BI-LO in 1989 that was subdivided into two rentable units. Both units are currently rented to third parties. BI-LO, LLC owns improvements at this address pursuant to a
ground lease, but does not own the land under such improvements. 

  
 [Schedules to Credit
Agreement] 

													
	 ASSET ID
	 	 OWNER
	 	ADDRESS	 	CITY	 	COUNTY	 	STATE	 	DESIGNATION
(IF ANY)
	 Baldwin Distribution Center
	 	Winn-Dixie Properties, LLC	 	15500 Beaver St.	 	Jacksonville	 	Duval	 	FL	 	Mortgaged
Property
							
	 267
	 	Winn-Dixie Properties, LLC	 	5501 – 5575 &
5585 Overseas
Highway	 	Marathon	 	Monroe	 	FL	 	Mortgaged
Property

  
 [Schedules to Credit
Agreement] 

 Owned Unimproved Real Property 

 

													
	 ASSET ID
	 	 OWNER
	 	 ADDRESS
	 	 CITY
	 	 COUNTY
	 	 STATE
	 	 DESIGNATION
(IF
ANY)

	400	 	BI-LO, LLC	 	NWC of Roxboro Rd. & Infinity Rd.	 	Durham	 	Durham	 	NC	 	N/A
							
	436	 	ARP Winston Salem LLC	 	Country Club & Meadowlark	 	Winston-Salem	 	Forsyth	 	NC	 	N/A
							
	418	 	BI-LO, LLC	 	Hwy 14 & Buncombe Rd	 	Greer	 	Greenville	 	SC	 	N/A
							
	648	 	ARP Ballentine LLC	 	W/S Rauch Metz Rd.	 	Ballentine	 	Richland	 	SC	 	N/A
							
	731	 	BI-LO, LLC	 	Hwy 81 & Hwy 86	 	Wren	 	Anderson	 	SC	 	N/A
							
	465	 	BI-LO, LLC	 	Old Georgia & Blackstock Rd.	 	Roebuck	 	Spartanburg	 	SC	 	N/A
							
	437-L	 	ARP Morganton LLC	 	1555 E. Union St.	 	Morganton	 	Burke,	 	NC	 	N/A
							
	701-4	 	BI-LO, LLC	 	2186 Cherry Rd.	 	Rock Hill	 	York	 	SC	 	N/A
							
	701- 5	 	BI-LO, LLC	 	2187 Cherry Rd.	 	Rock Hill	 	York	 	SC	 	N/A
							
	701- 2	 	BI-LO, LLC	 	2186 Cherry Rd.	 	Rock Hill	 	York	 	SC	 	N/A
							
	335-L	 	BI-LO, LLC	 	6951 Lee Hwy.	 	Chattanooga	 	Hamilton	 	TN	 	N/A

  
 [Schedules to Credit
Agreement] 

													
	 ASSET ID
	 	 OWNER
	 	 ADDRESS
	 	 CITY
	 	 COUNTY
	 	 STATE
	 	 DESIGNATION
(IF
ANY)

	547- L	 	BI-LO, LLC	 	205 NC Hwy. 9	 	Black Mountain	 	Buncombe	 	NC	 	N/A
							
	358-L	 	BI-LO, LLC	 	2135 E. Broadway	 	Maryville	 	Blount	 	TN	 	N/A
							
	660	 	BI-LO, LLC	 	NWC of East Dykes St.	 	Cochran	 	Bleckley	 	GA	 	N/A
							
	569	 	BI-LO, LLC	 	Sulphur Springs Rd.	 	Greenville	 	Greenville	 	SC	 	N/A
							
	606-L	 	BI-LO, LLC	 	4510 Hwy. 58	 	Chattanooga	 	Hamilton	 	TN	 	N/A
							
	539-L	 	BI-LO, LLC	 	501 Old Greenville Hwy.	 	Clemson	 	Pickens	 	SC	 	N/A
							
	539-D	 	BI-LO, LLC	 	501 Old Greenville Hwy.	 	Clemson	 	Pickens	 	SC	 	N/A
							
	406-L	 	ARP Chickamauga LLC	 	319 Chickamauga Ave.	 	Rossville	 	Walker	 	GA	 	N/A
							
	708	 	BI-LO, LLC	 	Heckle & Herlong	 	Rock Hill	 	York	 	SC	 	N/A
							
	57-L	 	BI-LO, LLC	 	2607 Woodruff Road	 	Simpsonville	 	Greenville	 	SC	 	N/A
							
	Baldwin
Tract	 	Winn-Dixie Properties, LLC	 	15500 Beaver St.	 	Jacksonville	 	Duval	 	FL	 	N/A
							
	#2624
Vicksburg
Outparcels	 	Winn-Dixie Properties, LLC	 	2080 South Frontage Rd.	 	Vicksburg	 	Warren	 	MS	 	N/A

  
 [Schedules to Credit
Agreement] 

													
	 ASSET ID
	 	 OWNER
	 	 ADDRESS
	 	 CITY
	 	 COUNTY
	 	 STATE
	 	 DESIGNATION
(IF
ANY)

	 Callahan Tract
	 	Winn-Dixie Properties, LLC	 	US 1 & Lem Turner Road	 	Callahan	 	Nassau	 	FL	 	N/A
							
	 Outparcel #1701
	 	Winn-Dixie Properties, LLC	 	6970 SR 18 (Turfway Rd)	 	Florence	 	Boone	 	KY	 	N/A
							
	 Outparcel #945
	 	Winn-Dixie Properties, LLC	 	1031 Virginia Highway	 	Clarksville	 	Mecklenburg	 	VA	 	N/A
							
	 Montgomery

Distribution

Center

Outparcel
	 	Winn-Dixie Montgomery, LLC	 	6080 U.S. Highway 31/6080 Mobile Highway (addresses used interchangeably)	 	Montgomery	 	Montgomery	 	AL	 	N/A

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 8.14 

SUBSIDIARIES 
  

															
	 OWNER
	 	 OWNED

ENTITY
	 	 TYPE OF

ORGANIZATION
	 	 EQUITY

INTERESTS

OWNED
	 	 ISSUED
AND
OUTSTANDING
 EQUITY

INTERESTS
	 	% OF
INTEREST
PLEDGED	 	 CERTIFICATE

NO. (IF
UNCERTIFICATED,
INDICATE SO)
	 	 PAR
VALUE

	 BI-LO Holding, LLC
	 	BI-LO, LLC	 	Limited liability company	 	100,000 Membership Units	 	100,000 Membership Units	 	100%	 	001	 	N/A
								
	 BI-LO Holding, LLC
	 	BG Cards, LLC	 	Limited liability company	 	100,000 Membership Units	 	100,000 Membership Units	 	100%	 	001	 	N/A
								
	 BI-LO, LLC
	 	BI-LO Finance Corp.	 	Corporation	 	1,000	 	1,000	 	100%	 	1	 	$0.01 Per Share
								
	 BI-LO, LLC
	 	ARP Hartsville LLC	 	Limited liability company	 	100,000 Membership Units	 	100,000 Membership Units	 	100%	 	001	 	N/A
								
	 BI-LO, LLC
	 	ARP Ballentine LLC	 	Limited liability company	 	N/A	 	N/A	 	100%	 	Uncertificated	 	N/A
								
	 BI-LO, LLC
	 	ARP Chickamauga LLC	 	Limited liability company	 	N/A	 	N/A	 	100%	 	Uncertificated	 	N/A
								
	 BI-LO, LLC
	 	ARP James Island LLC	 	Limited liability company	 	N/A	 	N/A	 	100%	 	Uncertificated	 	N/A

  
 [Schedules to Credit
Agreement] 

															
	 OWNER
	 	 OWNED

ENTITY
	 	 TYPE OF

ORGANIZATION
	 	
EQUITY
INTERESTS
OWNED
	 	 ISSUED
AND
OUTSTANDING
EQUITY
INTERESTS
	 	% OF
INTEREST
PLEDGED	 	 CERTIFICATE

NO. (IF
UNCERTIFICATED,
INDICATE SO)
	 	 PAR
VALUE

	 BI-LO, LLC
	 	ARP Moonville LLC	 	Limited liability company	 	N/A	 	N/A	 	100%	 	Uncertificated	 	N/A
								
	 BI-LO, LLC
	 	ARP Morganton LLC	 	Limited liability company	 	N/A	 	N/A	 	100%	 	Uncertificated	 	N/A
								
	 BI-LO, LLC
	 	ARP Winston Salem LLC	 	Limited liability company	 	N/A	 	N/A	 	100%	 	Uncertificated	 	N/A
								
	 BI-LO, LLC
	 	Opal Holdings, LLC	 	Limited liability company	 	N/A	 	N/A	 	100%	 	Uncertificated	 	N/A
								
	 Opal Holdings, LLC
	 	Winn-Dixie Stores, Inc.	 	Corporation	 	100	 	100	 	100%	 	2	 	N/A
								
	 Winn-Dixie Stores, Inc.
	 	Winn-Dixie Supermarkets, Inc.	 	Corporation	 	100	 	100	 	100%	 	1 and 2	 	$10.00
								
	 Winn-Dixie Stores, Inc.
	 	Deep South Products, Inc.	 	Corporation	 	1,000	 	1,000	 	100%	 	1 and 2	 	$10.00
								
	 Winn-Dixie Stores, Inc.
	 	WIN General Insurance, Inc.	 	Corporation	 	10,000	 	10,000	 	100%	 	Uncertificated	 	N/A
								
	 Winn-Dixie Stores, Inc.
	 	Winn-Dixie Logistics, Inc.	 	Corporation	 	1,000	 	1,000	 	100%	 	2	 	$1.00
								
	 Winn-Dixie Stores, Inc.
	 	Winn-Dixie Procurement, Inc.	 	Corporation	 	1,000	 	1,000	 	100%	 	2	 	$1.00

  
 [Schedules to Credit
Agreement] 

															
	 OWNER
	 	 OWNED ENTITY
	 	 TYPE OF
ORGANIZATION
	 	
EQUITY
INTERESTS
OWNED
	 	 ISSUED
AND
OUTSTANDING
EQUITY
INTERESTS
	 	% OF
INTEREST
PLEDGED	 	 CERTIFICATE

NO. (IF
UNCERTIFICATED,
INDICATE SO)
	 	 PAR
VALUE

	 Winn-Dixie Stores, Inc.
	 	Winn-Dixie Raleigh, Inc.	 	Corporation	 	1,000	 	1,000	 	100%	 	1 and 2	 	$10.00
								
	 Winn-Dixie Stores, Inc.
	 	Winn-Dixie Montgomery, LLC	 	Limited Liability Company	 	100% of Interests	 	100% of Interests	 	100%	 	001	 	N/A
								
	 Winn-Dixie Stores, Inc.
	 	Winn-Dixie Stores Leasing, LLC	 	Limited Liability Company	 	100% of Interests	 	100% of Interests	 	100%	 	001	 	N/A
								
	 Winn-Dixie Stores, Inc.
	 	Winn-Dixie Properties, LLC	 	Limited Liability Company	 	100% of Interests	 	100% of Interests	 	100%	 	001	 	N/A
								
	 Winn-Dixie Logistics, Inc.
	 	Winn-Dixie Warehouse Leasing, LLC	 	Limited Liability Company	 	100% of Interests	 	100% of Interests	 	100%	 	001	 	N/A
								
	 Winn-Dixie Raleigh, Inc.
	 	Winn-Dixie Raleigh Leasing, LLC	 	Limited Liability Company	 	100% of Interests	 	100% of Interests	 	100%	 	001	 	N/A
								
	 Winn-Dixie Properties, LLC
	 	Dixie Spirits Florida, LLC	 	Limited Liability Company	 	100% of Interests	 	100% of Interests	 	100%	 	001	 	N/A
								
	 Winn-Dixie Montgomery, LLC
	 	Winn-Dixie Montgomery Leasing, LLC	 	Limited Liability Company	 	100% of Interests	 	100% of Interests	 	100%	 	001	 	N/A
								
	 Winn-Dixie Montgomery, LLC
	 	Dixie Spirits, Inc.	 	Corporation	 	1,000	 	1,000	 	100%	 	2	 	$1.00

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 8.21 

PERMITTED EXISTING INDEBTEDNESS 
  

													
	 NAME OF
BORROWER
	  	 NAME OF
PAYEE
	  	DESCRIPTION	  	DATE
INCURRED	  	MATURITY DATE	  	AMOUNT
OUTSTANDING	  	CREDIT
PARTY OR
RESTRICTED
SUBSIDIARY
GUARANTORS
	 Winn-Dixie Stores, Inc.
	  	WIN General Insurance, Inc.	  	Intercompany
indebtedness	  	03/17/2010	  	Repayable on demand.	  	$1,200,000.00	  	N/A

 Capitalized Lease Obligations 
  

											
	 NAME OF BORROWER
	 	 NAME OF
PAYEE
	 	 DESCRIPTION
	 	PRINCIPAL
BALANCE ($USD)	 	  	 CREDIT
PARTY
OR
RESTRICTED
SUBSIDIARY
GUARANTORS

	 Winn-Dixie Stores, Inc.
	 	BB&T Equipment Finance Corporation	 	Lease One—POS printers, registers, monitors & software	 	 	$10,865,350.26	  	  	N/A.
					
	 Winn-Dixie Stores, Inc.
	 	BB&T Equipment Finance Corporation	 	Lease Two—POS printers, registers & monitors	 	 	$8,928,264.21	  	  	N/A.
					
	 Winn-Dixie Stores, Inc.
	 	Catalina Health Resource, LLC	 	Pharmacy Printers	 	 	$367,608.61	  	  	N/A.

  
 [Schedules to Credit
Agreement] 

									
	 NAME OF BORROWER
	 	 NAME OF
PAYEE
	 	 DESCRIPTION
	 	PRINCIPAL
BALANCE ($USD)	 	 CREDIT
PARTY
OR
RESTRICTED
SUBSIDIARY
GUARANTORS

	 Winn-Dixie Stores, Inc.
	 	 De Lage Landen Financial Services (Sun Microsystems )
	 	VSM5	 	$61,475.87	 	N/A.
					
	 Winn-Dixie Stores, Inc.
	 	General Electric Capital Corporation	 	“Old” Teradata (.4989)/Data Warehouse Node	 	$305,458.62	 	N/A.
					
	 Winn-Dixie Stores, Inc.
	 	 General Electric Capital Corporation
	 	Tractor Schedule 001	 	$338,733.71	 	N/A.
					
	 Winn-Dixie Stores, Inc.
	 	 General Electric Capital Corporation
	 	Schedule 002 to Master Lease Agreement: Terradata equipment upgrade (.5011)	 	$306,530.24	 	N/A.
					
	 Winn-Dixie Stores, Inc.
	 	 General Electric Capital Corporation
	 	Tractor Schedules 002-005	 	$1,312,221.10	 	N/A.
					
	 Winn-Dixie Stores, Inc.
	 	 General Electric Capital Corporation
	 	Trailer Schedule 006-010	 	$2,068,065.44	 	N/A.
					
	 Winn-Dixie Stores, Inc.
	 	 General Electric Capital Corporation
	 	Trailer Schedule 011-015: Capital lease of ThermoKing and Great Dane trailers	 	$3,159,306.73	 	N/A.

  
 [Schedules to Credit
Agreement] 

													
	 NAME OF BORROWER
	  	 NAME OF
PAYEE
	  	 DESCRIPTION
	  	PRINCIPAL BALANCE
($USD)	 	  	CREDIT PARTY OR
RESTRICTED SUBSIDIARY
GUARANTORS	 
	Winn-Dixie Stores, Inc.	  	IBM Credit LLC	  	Mainframe capital lease	  	$	2,244,334.28	  	  	 	N/A.	  
					
	Winn-Dixie Stores, Inc.	  	Ikon Financial Services	  	Multi-Functional Devices (Printers)	  	$	384,321.24	  	  	 	N/A.	  
					
	Winn-Dixie Procurement, Inc. and Winn-Dixie Stores, Inc.	  	Mother Parker’s Tea & Coffee USA	  	Coffee Carts for store locations	  	$	284,460.32	  	  	 	N/A.	  
					
	Winn-Dixie Logistics, Inc.	  	RBS Asset Finance, Inc.	  	Tractors	  	$	775,075.26	  	  	 	N/A.	  
					
	Winn-Dixie Stores, Inc.	  	SAS Institute, Inc.	  	Grocery Analytics Software Suite License and Renewal	  	$	8,532,094.36	  	  	 	N/A.	  
					
	Winn-Dixie Stores, Inc.	  	TD Equipment Finance, Inc.	  	Trailer Schedule 006	  	$	223,371.39	  	  	 	N/A.	  
					
	Winn-Dixie Stores, Inc.	  	TD Equipment Finance, Inc.	  	Trailer Schedules 001-005	  	$	1,433,865.86	  	  	 	N/A.	  

  
 [Schedules to Credit
Agreement] 

													
	 NAME OF BORROWER
	  	 NAME OF
PAYEE
	  	 DESCRIPTION
	  	PRINCIPAL BALANCE
($USD)	 	  	CREDIT PARTY OR
RESTRICTED SUBSIDIARY
GUARANTORS	 
	Winn-Dixie Stores, Inc.	  	TD Equipment Finance, Inc.	  	Trailer Schedules 007-012	  	$	3,677,802.17	  	  	 	N/A.	  
					
	Winn-Dixie Stores, Inc.	  	U.S. Bancorp Equipment Finance, Inc.	  	Tractor Schedule 006	  	$	3,592,728.17	  	  	 	N/A.	  
					
	Winn-Dixie Stores, Inc.	  	U.S. Bancorp Equipment Finance, Inc.	  	Tractor Schedule 007	  	$	409,759.45	  	  	 	N/A.	  
					
	Winn-Dixie Stores, Inc.	  	U.S. Bancorp Equipment Finance, Inc.	  	Tractor Schedules 001-005	  	$	4,208,756.72	  	  	 	N/A.	  
					
	Winn-Dixie Stores, Inc.	  	U.S. Bancorp Equipment Finance Inc.	  	Trailer Schedule 008	  	$	7,127,649.43	  	  	 	N/A.	  
					
	Winn-Dixie Logistics, Inc.	  	VFS US LLC (Volvo Financial Services)	  	Tractors	  	$	3,258,559.60	  	  	 	N/A.	  

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 8.22 

INSURANCE 
 BI-LO Insurance Program:

  

																									
	 Subsidiary
	 	 Broker
	 	 Insurance
Company
	 	 Policy
Coverage
	 	 Coverage Description
	 	 Policy #
	 	Inception
Date	 	 	Expiration
Date	 	 	 Policy
Type
	 	Expiring
Premium	 
	 BI-LO Holdings, LLC
	 	Marsh USA, Inc.	 	ACE American Ins. Co.	 	Auto Liability	 	Liability Limits: $2,000,000 (Sym 1) Medical Payments: $5,000 (Sym 2) Personal Inj Prot: Statutory & Rejected (Sym 5) Uninsured Motorist: Statutory Min / Rejected (Sym 6) Underinsured Motorist: Statutory Min / Rejected (Sym 6)
DEDUCTIBLE: $250,000	 	ISA H08635043	 	 	3/27/2011	  	 	 	3/12/2012	  	 	Renewal	 	$	57,912.00	  

  
 [Schedules to Credit
Agreement] 

																									
	 Subsidiary
	 	 Broker
	 	 Insurance
Company
	 	 Policy
Coverage
	 	 Coverage Description
	 	 Policy #
	 	Inception
Date	 	 	Expiration
Date	 	 	 Policy
Type
	 	Expiring
Premium	 
	 BI-LO Holdings, LLC
	 	Marsh USA, Inc.	 	ACE American Ins. Co.	 	General Liability	 	General Agg: $10,000,000 Prod / Comp Ops Agg: $10,000,000 Pharmacists Liability Agg: $10,000,000 Liquor Liability Agg: $10,000,000 Employee Benefits: $1,500,000 Retro Date: 01/30/2005 Employee Benefits Liab Agg: $10,000,000 Personal
& Advertising Injury: $1,500,000 Each Occurrence: $1,500,000 Damage to Premises Rented To You: $1,500,000 Medical Expense Limit: -$0 - RETENTION: $500,000 Each Occurrence	 	XSL G2552603A	 	 	3/27/2011	  	 	 	3/12/2012	  	 	Renewal	 	$	549,482.00	  
										
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Greenwich Ins. Co.	 	Pollution	 	Limits: $25,000,000 each Pollution Condition $25,000,000 Aggregate SELF INSURED RETENTION: $250,000	 	PEC001792602	 	 	1/30/2011	  	 	 	1/30/2014	  	 	Renewal	 	 	$50,281.66	  

  
 [Schedules to Credit
Agreement] 

																			
	 Subsidiary
	 	 Broker
	 	 Insurance
Company
	 	 Policy
Coverage
	 	 Coverage Description
	 	 Policy #
	 	Inception
Date	 	Expiration
Date	 	 Policy
Type
	 	Expiring
Premium
	 LSF5 BI-LO Holdings, LLC
	 	Marsh USA, Inc.	 	Westport Insurance Corp	 	Property	 	Policy Limit: $200,000,000 Sublimits: $200,000,000 Earth Movement per occur /annual agg all locations except: $1,000,000 per occur/annual agg at: Misc Unnamed Locations, Newly Acquired Property $200,000,000 aggregate all locations
$50,000,000 Flood per occur/annual agg except: $1,000,000 per occur/annual aggregate at: Misc Unnamed Locations, Newly Acquired Property $25,000,000 per occur/annual agg at: within the 100 year flood zone. $50,000,000 aggregate all locations Boiler
& Machinery: $25,000,000 Contingent Business Interruption: $25,000,000 (See policy for details) Miscellaneous Unnamed Locations: $10,000,000 Newly Acquired Property: $25,000,000 DEDUCTIBLES: $250,000 each occurrence except $10,000 for Agreko
Leased Generators and except: Earth Movement—Combined PD & TE—$250,000 all locations Flood—Separate PD & TE—5% Property Damage Values and 5%	 	31-3-73672	 	3/12/2011	 	3/12/2013	 	Renewal	 	$1,011,765.00

  
 [Schedules to Credit
Agreement] 

																									
	 Subsidiary
	 	 Broker
	 	 Insurance
Company
	 	 Policy
Coverage
	 	 Coverage Description
	 	 Policy #
	 	Inception
Date	 	 	Expiration
Date	 	 	 Policy
Type
	 	Expiring
Premium	 
	 LSF5 BI-LO Holdings, LLC
	 	Marsh USA, Inc.	 	XL Specialty Ins. Co.	 	Punitive Damages Liability	 	Excess Punitive Damages Limits: $25,000,000 Per Occurrence $25,000,000 Aggregate	 	IE00014232LI11A	 	 	3/27/2011	  	 	 	3/12/2012	  	 	New	 	$	16,948.00	  
										
	 BI-LO Holdings, LLC
	 	Marsh USA, Inc.	 	XL Insurance America, Inc.	 	Umbrella/Excess	 	Primary $25,000,000 Each Occurrence $25,000,000 General Aggregate SELF INSURED RETENTION: $10,000 Each Occurrence	 	US00008647LI11A	 	 	3/27/2011	  	 	 	3/27/2012	  	 	Renewal	 	$	169,488.00	  
										
	 BI-LO Holdings, LLC
	 	Marsh USA, Inc.	 	Allied World National Assurance Co.	 	Umbrella/Excess	 	($25m XS $25m)	 	0305-4388	 	 	3/27/2011	  	 	 	3/12/2012	  	 	Renewal	 	$	61,019.00	  
										
	 BI-LO Holdings, LLC
	 	Marsh USA, Inc.	 	Great American Assurance Co.	 	Umbrella/Excess	 	($25m po $50m XS $50m)	 	EXC 2098860	 	 	3/27/2011	  	 	 	3/12/2012	  	 	Renewal	 	$	36,322.00	  
										
	 BI-LO Holdings, LLC
	 	Marsh USA, Inc.	 	Endurance American Specialty Ins. Co.	 	Umbrella/Excess	 	($25m po $50m XS $50m)	 	XSC10003078700	 	 	3/27/2011	  	 	 	3/12/2012	  	 	Renewal	 	$	36,322.00	  
										
	 BI-LO Holdings, LLC
	 	Marsh USA, Inc.	 	Liberty Ins. Underwriters	 	Umbrella/Excess	 	($50m XS $100m)	 	EXCNY198650-5	 	 	3/27/2011	  	 	 	3/12/2012	  	 	Renewal	 	$	55,622.00	  

  
 [Schedules to Credit
Agreement] 

																									
	 Subsidiary
	 	 Broker
	 	 Insurance
Company
	 	 Policy
Coverage
	 	 Coverage Description
	 	 Policy #
	 	Inception
Date	 	 	Expiration
Date	 	 	 Policy
Type
	 	Expiring
Premium	 
	 BI-LO Holdings, LLC
	 	Marsh USA, Inc.	 	ACE American Ins. Co.	 	Workers’ Compensation	 	Policy Limits: Bodily Injury—by Accident, each Accident $1,000,000 Bodily Injury by Disease, Policy Limit $1,000,000 Bodily Injury by Disease, each Employee $1,000,000 All States except: ND, OH, WA, WY	 	WLR C46478460	 	 	3/27/2011	  	 	 	3/12/2012	  	 	Renewal	 	$	634,490.00	  
								
	 Property & Casualty Sub-Totals
	 		 		 		 				 				 		 	$	2,679,651.66	  
										
	 BI-LO Holdings, LLC
	 	McGriff-Atlanta	 	National Union Fire Ins. Co. of Pittsburgh PA	 	Crime	 	Blanket Crime Limit: $10,000,000 DEDUCTIBLE: $500,000	 	01-951-80-96	 	 	6/15/2011	  	 	 	6/15/2012	  	 	Renewal	 	$	31,415.00	  
										
	 BI-LO Holdings, LLC
	 	McGriff-Atlanta	 	XL Specialty Ins. Co.	 	D&O	 	D&O/EPL Shared $25,000,000 Agg / each policy period (Incl defense expenses) RETENTION: $100,000 D&O $250,000 EPL (with $500,000 Mass Action)	 	ELU121740-11	 	 	6/15/2011	  	 	 	6/15/2012	  	 	Renewal	 	$	330,000.00	  
										
	 BI-LO Holdings, LLC
	 	McGriff-Atlanta	 	Houston Casualty Co	 	D&O	 	D&O/EPL Side A $10,000,000 XS $50,000,000 inclusive of Defense Expenses	 	14-MG-11-A10687	 	 	6/15/2011	  	 	 	6/15/2012	  	 	Renewal	 	$	20,000.00	  
										
	 BI-LO Holdings, LLC
	 	McGriff-Atlanta	 	US Specialty Ins. Co.	 	D&O	 	D&O/EPL $25,000,000 XS $25,000,000 inclusive of Defence Expenses	 	14-MGU-11- A24105	 	 	6/15/2011	  	 	 	6/15/2012	  	 	Renewal	 	$	150,000.00	  

  
 [Schedules to Credit
Agreement] 

																									
	 Subsidiary
	 	 Broker
	 	 Insurance
Company
	 	 Policy
Coverage
	 	 Coverage Description
	 	 Policy #
	 	Inception
Date	 	 	Expiration
Date	 	 	 Policy
Type
	 	Expiring
Premium	 
	 BI-LO Holdings, LLC
	 	McGriff-Atlanta	 	National Union Fire Ins. Co. of Pittsburgh PA	 	Fiduciary	 	Fiduciary $10,000,000 Aggregate / each policy period RETENTION: $50,000 Securities Retention $50,000 All Other Losses	 	01-950-65-42	 	 	6/15/2011	  	 	 	6/15/2012	  	 	Renewal	 	$	16,000.00	  
									
	 Financial Liines Sub-Totals
	 		 		 		 		 				 				 		 	$	547,415.00	  
										
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Fidelity & Deposit Co of MD	 	Bond Coverage	 	4,000,000 USA	 	08800270	 	 	3/18/2011	  	 	 	3/18/2012	  	 	New	 	$	60,000.00	  
										
	 Mark Van Ostenbridge
	 	Marsh USA, Inc.	 	Fidelity & Deposit Co of MD	 	Bond Coverage	 	100,000 South Carolina	 	LPM9019525	 	 	8/24/2011	  	 	 	8/24/2012	  	 	Renewal	 	$	1,500.00	  
										
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Fidelity & Deposit Co of MD	 	Bond-UTIL	 	70,000 South Carolina	 	4144365	 	 	7/30/2011	  	 	 	7/30/2012	  	 	Renewal	 	$	1,050.00	  
										
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Fidelity & Deposit Co of MD	 	Bond-UTIL	 	100,000 Georgia	 	4144366	 	 	7/30/2011	  	 	 	7/30/2012	  	 	Renewal	 	$	1,500.00	  
										
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Hartford Fire Ins. Co.	 	Bond-UTIL	 	10,000 South Carolina	 	46BSBFC9613	 	 	7/25/2011	  	 	 	7/25/2012	  	 	Renewal	 	$	200.00	  
										
	 Bi-Lo, Inc.
	 	Marsh USA, Inc.	 	Hartford Fire Ins. Co.	 	Bond-UTIL	 	10,000 Georgia	 	46BSBFC9614	 	 	7/25/2011	  	 	 	7/25/2012	  	 	Renewal	 	$	200.00	  
										
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Fidelity & Deposit Co of MD	 	Bond-UTIL	 	766,000 Tennessee	 	8953944 (11)	 	 	11/15/2011	  	 	 	11/15/2012	  	 	Renewal	 	$	11,490.00	  
										
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Fidelity & Deposit Co of MD	 	Bond-UTIL	 	255,292 North Carolina	 	LPM9019514	 	 	8/11/2011	  	 	 	8/11/2012	  	 	Renewal	 	$	3,829.00	  
										
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Fidelity & Deposit Co of MD	 	Bond-UTIL	 	1,500,000 North Carolina	 	LPM9019515	 	 	8/11/2011	  	 	 	8/11/2012	  	 	Renewal	 	$	22,500.00	  
										
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Fidelity & Deposit Co of MD	 	Bond-UTIL	 	1,471,223 South Carolina	 	LPM9019516	 	 	8/11/2011	  	 	 	8/11/2012	  	 	Renewal	 	$	22,068.00	  
										
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Fidelity & Deposit Co of MD	 	Bond-UTIL	 	26,635 Georgia	 	LPM9019518	 	 	8/13/2011	  	 	 	8/13/2012	  	 	Renewal	 	$	400.00	  

  
 [Schedules to Credit
Agreement] 

																									
	 Subsidiary
	 	 Broker
	 	 Insurance
Company
	 	 Policy
Coverage
	 	 Coverage Description
	 	 Policy #
	 	Inception
Date	 	 	Expiration
Date	 	 	 Policy
Type
	 	Expiring
Premium	 
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Fidelity & Deposit Co of MD	 	Bond-UTIL	 	25,000 Tennessee	 	LPM9019532	 	 	8/30/2011	  	 	 	8/30/2012	  	 	Renewal	 	$	375.00	  
										
	 BI-LO, LLC
	 	Marsh USA, Inc.	 	Fidelity & Deposit Co of MD	 	Bond-UTIL	 	38,000 Tennessee	 	LPM9019533	 	 	8/31/2011	  	 	 	8/31/2012	  	 	Renewal	 	$	570.00	  
										
	 Bonds Sub-Total
	 		 		 		 		 		 				 				 		 	$	125,682.00	  
										
	 Combined Total
	 		 		 		 		 		 				 				 		 	$	3,352,748.66	  

  
 [Schedules to Credit
Agreement] 

 Winn-Dixie Insurance Program: 

Attached. 

  
 [Schedules to Credit
Agreement] 

 

 
 Winn-Dixie Stores, Inc. 

Schedule of Primary Casualty Insurance Program 
 Policy
Period: 7/1/2011 – 7/1/2012 
  

																	
	 Coverage
	  	 Carrier
	  	Policy Number	  	Policy
Period	  	Amounts	 	  	 Limits
	  	 Deductibles/
SIR
	  	 Premium

	Commercial General Liability	  	National Union Fire Insurance Company of Pittsburg, PA	  	GL 2449487	  	7/1/11-
 7/1/12
	  	 
  
  

 
  
	$1,500.000
 $5,000.000

$5,000.000
 $1,500.000

$1,500.000
	  
   

  
   

  
	  	 Each Occurrence
 General Aggregate

Products/Completed Operations
 Personal & Advertising
Injury
 Employee Benefits Liability–
 Each claim &
Aggregate
	  	 $2,000.000 SIR
 Each and Every
	  	 $268.873
 Excluding taxes &
surcharges

	Automobile Liability	  	National Union Fire Insurance Company of Pittsburg, PA	  	CA 3506336	  	7/1/11-
 7/1/12
	  	 	$1,500.000	  	  	Each Accident	  	 $2,000.000 SIR
 Each and Every
	  	 $129.135
 Excluding taxes &
surcharges

	Workers’ Compensation/ Employer’s Liability Large Deductible (FL)	  	 Illinois National
 Insurance Company
	  	WC 015883680	  	7/1/11-
 7/1/12
	  	 
  
  

 
	Statutory
 $1,500.000

$1,500.000
 $1,500.000
	  
   

  
   
	  	 Workers’ Compensation
 BI by Accident

BI by Disease – Each Employee
 BI by Disease – Policy
Limit
	  	 $1,500.000
 Deductible
	  	 $1,096.254
 Excluding taxes &
surcharges

	Excess Workers’ Compensation Employer’s Liability (All states except ND, OH, WA, WV, WY)	  	National Union Fire Insurance Company of Pittsburg, PA	  	XWC 1192416	  	7/1/11-
 7/1/12
	  	 
  
  

 
	Statutory
 $1,000.000

$1,000.000
 $1,000.000
	  
   

  
   
	  	 Workers’ Compensation
 BI by Accident

BI by Disease – Each Employee
 BI by Disease – Policy
Limit
	  	 $1,500.000
 SIR
	  	 $154.776
 Excluding taxes &
surcharges

	Commercial General Liability (UIIA)	  	National Union Fire Insurance Company of Pittsburg, PA	  	GL 2449488	  	7/1/11-
 7/1/12
	  	 
  
  

 
	$1,000.000
 $1,000.000

$1,000.000
 $1,000.000
	  
   

  
   
	  	 Each Occurrence
 General Aggregate

Products/Completed Operations
 Personal & Advertising
Injury
	  	 $1,000.000
 Deductible
	  	$2.500
	Automobile Liability (UIIA)	  	National Union Fire Insurance of Pittsburg, PA	  	CA 3506337	  	7/1/11-
 7/1/12
	  	 	$1,000.000	  	  	Each Accident	  	 $1,000.000
 Deductible
	  	$2.500

 NOTE:  This is a coverage summary not a legal contract. Refer to the policy for specific terms, conditions,
limitations and exclusions. 

			
	

	  	2011 Insurance Schedule

 Winn-Dixie Stores, Inc. 

Schedule of Umbrella / Excess Liability 
 Policy Period:
7/1/2011 – 7/1/2012 
  

															
	 Coverage
	 	 Carrier
	 	 Policy Number
	 	 Policy Period
	 	 Amounts
	 	 Limits
	 	 Deductibles/SIR
	 	 Premium

	Umbrella Liability	 	ACE Property & Casualty Insurance Company	 	XOO G25832735	 	7/1/11-7/1/12	 	 $25MM

$25MM
 $25MM
	 	 Each Occurrence

Products/Completed Operations– Aggregate
 General
Aggregate – where applicable
	 	 Underlying Primary
 Policies Limits –

retained limit on primaries maintained –
 $10,000 SIR each
& every
	 	 $591,138
 Including TRIA Excluding
surcharges

	Excess Liability	 	Great American Assurance Co.	 	EXC2105807	 	7/1/11-7/1/12	 	 $25MM

x/s
 $25MM
	 		 	Underlying Policy	 	 $158,000
 Including TRIA Excluding
surcharges

	Excess Liability	 	Starr Indemnity & Liability Co.	 	SISIGCE50010811	 	7/1/11-7/1/12	 	 $20MM

x/s
 $50MM
	 		 	Underlying Policy	 	 $86,000
 Including TRIA Excluding
surcharges

	Excess Liability	 	American Guarantee & Liability Ins. Co	 	AEC9300410-10	 	7/1/11-7/1/12	 	 $30MM

x/s
 $70MM
	 		 	Underlying Policy	 	 $75,751
 Including TRIA Excluding
surcharges

	Excess Liability	 	ACE Bermuda Insurance Ltd.	 	WINN-1500/OCC01	 	7/1/11-7/1/12	 	 $50MM part

of
 $100MM

x/s
 $100MM
	 		 	Underlying Policy	 	 $109,250
 Including TRIA

  
 

 
 Winn-Dixie Stores, Inc. 

Schedule of Excess Liability 
 Policy Period: 7/1/11
– 7/1/2012 
  

															
	 Coverage
	 	 Carrier
	 	 Policy Number
	 	Policy Period	 	 Amounts
	 	 Limits
	 	 Deductibles/SIR
	 	 Premium

	 Excess Liability
	 	Chubb Atlantic Indemnity Ltd	 	3310-17-29	 	7/1/11-7/1/12	 	 $25MM part of
 $100MM x/s
$100MM
	 		 	Underlying Policy	 	 $54,625
 Including TRIA

	 Excess Liability
	 	Argo Re Ltd	 	 ARGO-CAS-OCC-
 000069.3
	 	7/1/11-7/1/12	 	 $25MM part of
 $100MM x/s $100MM
	 		 	 Underlying Policy
 Minimum Attachment
$2,000.000
	 	 $54,625
 Including TRIA

	 Excess Liability
	 	Chartis Excess Limited	 	60703790	 	7/1/11-7/1/12	 	 $50MM part of
 $100MM x/s $200MM
	 		 	Underlying Policy	 	 $100,000
 Including TRIA

	 Excess Liability
	 	Liberty Mutual Insurance Europe Limited	 	DL473211	 	7/1/11-7/1/12	 	 $50MM part of
 $100MM x/s $200MM
	 		 	Underlying Policy	 	 $100,000
 Including TRIA

 

 
 Winn-Dixie Stores, Inc. 

Schedule of Punitive Damages 
 Policy Period: 7/1/11
– 7/1/2012 
  

																			
	 Coverage
	  	 Carrier
	  	Policy Number	  	Policy Period	 	  	Amounts	  	 Limits
	  	 Deductibles/SIR
	  	Premium	 
	 Punitive Damages Liability
	  	ACE Bermuda Ins. Ltd.	  	WIN-PD/11	  	 	7/1/11 - 7/1/12	  	  	$25MM	  	Wrap around ACE Property & Casualty Insurance Company XOO G25832735	  	x/s Primary	  	$	49.780	  
	 Punitive Damages Liability
	  	GAI Insurance Company, Ltd.	  	EXC1491947	  	 	7/1/11 - 7/1/12	  	  	$25MM X/S
 $25MM
	  	Wrap around Great American Ins. Co. of NY # EXC2105807	  	Underlying Policy	  	$	15.800	  
	 Punitive Damages Liability
	  	Starr Insurance & Reinsurance Limited	  	SIPW003011	  	 	7/1/11 - 7/1/12	  	  	$20MM x/s
 $50MM
	  	Wrap around Starr Indemnity. SISIGCE50010811	  	Underlying Policy	  	$	10.000	  
	 Punitive Damages Liability
	  	Hanseatie Ins. Co. (Bermuda) Limited	  	HIPD202421	  	 	7/1/11 - 7/1/12	  	  	$30MM x/s
 $70MM
	  	 Wrap around American Guarantee

AEC9300410-10
	  	Underlying Policy	  	$	15.000	  

 

 
 Winn-Dixio Stores, Inc. 

SCHEDULE OF INSURANCE 2011 - 2012 
 Will be updated as policies
are renewed 
  

																	
	 Policy
	  	 Insurance Company
	  	Policy Term	  	Policy Number	  	 Limits of
Insurances
	  	Quota
Share	 	 Retention/
Deductible
	  	Estimated
Premium	 
	 Aviation – Non-Owned Aircraft
	  		  		  		  		  		 		  			
		  	Global Aerospace	  	3/31/11 – 3/31/12	  	15000165	  	$50,000,000 each occurrence for bodily injury and property damage; $3,000 each passenger for medical expenses; restricted to 25 seat passenger plane or less	  	NA	 	N/A	  	$	35,000	  
	 Flood
	  		  		  		  		  		 		  			
		  	The Hartford / Fidelty	  		  		  	Multiple Policies and Locations - Refer to Separate Flood Worksheet	  		 		  			
	 Property
	  		  		  		  		  		 		  			
	 Primary $25M
	  	Lexington	  	4/30/11 - 4/30/12	  	17728054	  	$25,000,000	  	90%	 	 $2,000,000 per occurrence / $5,000,000 annual aggregate All other perils, EXCEPT

$200,000 per occurrence for the following locations:
 1. 255
Jacksonville Hwy,
 Fitzgeraid, GA 31750
 2. 815 S. Pelham Road,
Jacksonville, AL 36265
 3. 3015 Coastline Drive, Orlando, FL 32808

4. 6080 Mobile Hwy, Montgomery, AL 36105
 5. 3300 NW 123 St, Miami,
FL 33167
 6. Hwy 190 West, Hammond, LA 70401
 7. 5244 Edgewood
Court, Jacksonville, FL 32254
 8. 703 Chaffee Rd. Jacksonville, FL 32221
	  	$	6,300,000	  
	 Primary $50M
	  	Zurich	  	4/30/11 - 4/30/12	  	MLP933684300	  	$50,000,000	  	10%	 		  	$	900,000	  
	 Excess $25M x $25M
	  	 Chubb Custom
 Illinois Union Ins Co

Start Surplus
 General Security

Chubb
 Lloyds

Swiss Re International SE
 AWAC (Bermuda)

WIN General
	  	4/30/11 - 4/30/12
 4/30/11 - 4/30/12

4/30/11 - 4/30/12

4/30/11 - 4/30/12
 4/30/11 -
4/30/12
 4/30/11 - 4/30/12
 4/30/11
- 4/30/12
 4/30/11 - 4/30/12

4/30/11 - 4/30/12
	  	79580778
 D37381573002
 SLSTPTY105072-11

T0234451100072
 44681163

WB1100454
 WB1100737

P005885006
 1-00028-00
	  	 $25,000,000 x/o $25,000,000
 $25,000,000
x/o $25,000,000
 $25,000,000 x/o $25,000,000
 $25,000,000 x/o
$25,000,000
 $25,000,000 x/o $25,000,000
 $25,000,000 x/o
$25,000,000
 $25,000,000 x/o $25,000,000
 $25,000,000 x/o
$25,000,000
 $25,000,000 x/o $25,000,000
	  	3.0%
 8.0%

10.0%
 10.0%

10.0%
 21.0%

15.0%
 20.0%

7.5%
	 		  	$
 $
 $

$
 $

$
 $

$
 $
	105,000
 265,870

61,068
 193,958

326,848
 735,000

525,000
 700,000

255,000
	  
   

  
   

  
   

  
   

  

	 Excess $275M x $25M
	  	ACE American Ins. Co.	  	4/30/11 - 4/30/12	  	CRXD37838275	  	$275,000,000 x/o $25,000,000	  	5.5%	 		  	$	424,531	  
	 Excess $50M x $50M
	  	 Lloyds
 XL Insurance America, Inc.

Chubb Custom
 Axis Surplus

Torus
 Alterra (Bermuda)

Ariel Re (Bermuda)
 ACE (Bermuda)
	  	4/30/11 - 4/30/12
 4/30/11 - 4/30/12

4/30/11 - 4/30/12
 4/30/11 -
4/30/12
 4/30/11 - 4/30/12
 4/30/11
- 4/30/12
 4/30/11 - 4/30/12

4/30/11 - 4/30/12
	  	WB1100828
 US00010217PR11A
 79580779

EAF72656011
 66246A110APR

664314311PRMAN2011
 P114155

WINN00978P05
	  	 $50,000,000 x/o $50,000,000
 $50,000,000
x/o $50,000,000
 $50,000,000 x/o $50,000,000
 $50,000,000 x/o
$50,000,000
 $50,000,000 x/o $50,000,000
 $50,000,000 x/o
$50,000,000
 $50,000,000 x/o $50,000,000
 $50,000,000 x/o
$50,000,000
	  	2.5%
 10.0%

3.0%
 7.0%

3.00%
 4.0%

10.0%
 9.0%
	 		  	$
 $
 $

$
 $

$
 $

$
	87,500
 300,000

90,000
 232,636

90,000
 136,800

332,500
 299,250
	  
   

  
   

  
   

  
   

	 Excess $75M x $50M
	  	Ironshore (Bermuda)	  	4/30/11 - 4/30/12	  	441377310A	  	$75,000,000 x/o $50,000,000	  	2.0%	 		  	$	82,000	  

  
 Page 1 

 

 
 Winn-Dixie Stores, Inc. 

SCHEDULE OF INSURANCE 2011 - 2012 
 Will be updated as policies
are renewed 
  

																					
	 Policy
	  	 Insurance Company
	  	Policy Term	  	Policy Number	  	Limits of Insurance	  	Quota
Share	 	 	Retention/Deductible	 	  	Estimated
Premium	 
	 Excess $100M x $50M
	  	Liberty Mutual Fire Ins, Co.	  	4/30/11 – 4/30/12	  	MQ2-L9L-527241-051	  	$100,000,000 x/o $50,000,000	  	 	3.0	% 	 				  	$	7,740	  
		  	Arch Specialty Ins, Co.	  	4/30/11 – 4/30/12	  	PRP0026522-02	  	$100,000,000 x/o $50,000,000	  	 	7.5	% 	 				  	$	21,000	  
		  	WIN General	  	4/30/11 – 4/30/12	  	110003100	  	$100,000,000 x/o $50,000,000	  	 	2.5	% 	 				  	$	6,875	  
		  	Liberty Mutual Fire Ins, Co.	  	4/30/11 – 4/30/12	  	MQ2-L9L-527241-051	  	$100,000,000 x/o $50,000,000	  	 	3.0	% 	 				  	$	15,510	  
		  	Arch Specialty Ins, Co.	  	4/30/11 – 4/30/12	  	PRP0026522-02	  	$100,000,000 x/o $50,000,000	  	 	7.5	% 	 				  	$	42,375	  
		  	Liberty Mutual Fire Ins, Co.	  	4/30/11 – 4/30/12	  	MQ2-L9L-527241-051	  	$100,000,000 x/o $50,000,000	  	 	3.0	% 	 				  	$	90,750	  
		  	Arch Specialty Ins, Co.	  	4/30/11 – 4/30/12	  	PRP0026522-03	  	$100,000,000 x/o $50,000,000	  	 	7.5	% 	 				  	$	246,750	  
		  	Landmark American Ins, Co.	  	4/30/11 – 4/30/12	  	LHD371556	  	$100,000,000 x/o $50,000,000	  	 	4.0	% 	 				  	$	170,600	  
		  	Lloyds	  	4/30/11 – 4/30/12	  	WB1100738	  	$100,000,000 x/o $50,000,000	  	 	14.5	% 	 				  	$	39,875	  
		  	Lloyds	  	4/30/11 – 4/30/12	  	WB1100738	  	$100,000,000 x/o $50,000,000	  	 	14.5	% 	 				  	$	83,375	  
		  	Lloyds	  	4/30/11 – 4/30/12	  	WB1100738	  	$100,000,000 x/o $50,000,000	  	 	14.5	% 	 				  	$	507,500	  
	 Excess $250M x $50M
	  	WIN General	  	4/30/11 – 4/30/12	  	110003000	  	$250,000,000 x/o $50,000,000	  	 	5.0	% 	 				  	$	11,250	  
		  	WIN General	  	4/30/11 – 4/30/12	  	110003000	  	$250,000,000 x/o $50,000,000	  	 	5.0	% 	 				  	$	15,000	  
		  	WIN General	  	4/30/11 – 4/30/12	  	110003100	  	$250,000,000 x/o $50,000,000	  	 	2.5	% 	 				  	$	14,375	  
		  	WIN General	  	4/30/11 – 4/30/12	  	110003000	  	$250,000,000 x/o $50,000,000	  	 	5.0	% 	 				  	$	30,000	  
		  	WIN General	  	4/30/11 – 4/30/12	  	110003100	  	$250,000,000 x/o $50,000,000	  	 	2.5	% 	 				  	$	87,500	  
		  	WIN General	  	4/30/11 – 4/30/12	  	110003000	  	$250,000,000 x/o $50,000,000	  	 	5.0	% 	 				  	$	175,000	  
	 Excess $25M x $100M
	  	XL Insurance America, Inc.	  	4/30/11 – 4/30/12	  	US00010217PR11A	  	$25,000,000 x/o $100,000,000	  	 	10.0	% 	 				  	$	51,000	  
		  	Lloyds (Aegis)	  	4/30/11 – 4/30/12	  	WB1100829	  	$25,000,000 x/o $100,000,000	  	 	4.0	% 	 				  	$	24,000	  
		  	Ariel Re (Bermuda)	  	4/30/11 – 4/30/12	  	P114155	  	$25,000,000 x/o $100,000,000	  	 	17.5	% 	 				  	$	99,750	  
	 Excess $50M x $100M
	  	Maiden Specialty	  	4/30/11 – 4/30/12	  	S5LPP0102805M	  	$50,000,000 x/o $100,000,000	  	 	8.5	% 	 				  	$	64,690	  
		  	Maiden Ro	  	4/30/11 – 4/30/12	  	S5LPY0102705M	  	$50,000,000 x/o $100,000,000	  	 	8.5	% 	 				  	$	2,035	  
		  	Lloyds	  	4/30/11 – 4/30/12	  	WB1100855	  	$50,000,000 x/o $100,000,000	  	 	5.0	% 	 				  	$	42,500	  
		  	ACE (Bermuda)	  	4/30/11 – 4/30/12	  	WINN00978P05	  	$50,000,000 x/o $100,000,000	  	 	11.0	% 	 				  	$	94,050	  
	 Excess $25M x $125M
	  	XL Insurance America, Inc.	  	4/30/11 – 4/30/12	  	US00010217PR11A	  	$25,000,000 x/o $125,000,000	  	 	10.0	% 	 				  	$	25,500	  
		  	Ariel Re (Bermuda)	  	4/30/11 – 4/30/12	  	P114155	  	$25,000,000 x/o $125,000,000	  	 	23.5	% 	 				  	$	66,975	  
	 Excess $150M x $150M
	  	Maiden Specialty	  	4/30/11 – 4/30/12	  	S5LPP0102805M	  	$150,000,000 x/o $150,000,000	  	 	25.0	% 	 				  	$	46,051	  
		  	Maiden Ro	  	4/30/11 – 4/30/12	  	S5LPY0102705M	  	$150,000,000 x/o $150,000,000	  	 	25.0	% 	 				  	$	1,449	  
		  	Lloyds	  	4/30/11 – 4/30/12	  	WB1100749	  	$150,000,000 x/o $150,000,000	  	 	48.0	% 	 				  	$	103,200	  
		  	Lloyds	  	4/30/11 – 4/30/12	  	WB1100856	  	$150,000,000 x/o $150,000,000	  	 	2.5	% 	 				  	$	5,625	  
		  	WIN General	  	4/30/11 – 4/30/12	  	110003100	  	$150,000,000 x/o $150,000,000	  	 	2.5	% 	 				  	$	5,375	  
		  	Axis (Bermuda)	  	4/30/11 – 4/30/12	  	2103370111UP	  	$150,000,000 x/o $150,000,000	  	 	11.5	% 	 				  	$	21,850	  
	 Boiler & Machinery
	  	Federal Ins, Co.	  	4/30/11 – 4/30/12	  	76427088	  	$150,000,000 Combined	  	 	NA	  	 	$
 
 	250,000 /Business
Income Waiting
Period 12 hours	  
  
  	  	$	123,900	  
		  		  		  		  	Sublimits:
 Amonia Contamination
$50,000,000 Electronic Data
Processing $250,000
Dependent Business Premises
$500,000

 
 Service Interruption
$10,000,000 Pollutant Clean
Up $500,000 Spoilage
Scheduled
Location
$10,000,000 Spoilage Utility
Owned Equip $10,000,000
	  				 				  			
	 Terrorism
	  	Lloyds (Hiscox)	  	4/30/11 – 4/30/12	  	E11RQ2659400	  	$300,000,000 per occurrence /
annual aggregate	  	 	NA	  	 	$	25,000.00	  	  	$	250,000	  
		  		  		  		  		  				 				  	$	15,071,386	  
		  		  		  		  		  				 				  	  
	  
	 

 This insurance document is furnished to you as a matter of information for your convenience. It only summarizes the listed
policy(ies) and is not intended to reflect all the terms and conditions or exclusions of such policy(ies). Moreover, the information. 

  
 Page 2 

 Winn-Dixie Stores, Inc.
                                         
               Bermuda 
 Executive Liability -
D&O/EPL/Fiduciary/Crime/Outside D&O 
 Policy Period - 11/1/11 - 11/1/12 

																											
	 Limits
	 	 Policy Type
	 	 Underwriting

Company
	 	Intermediary	 	Carrier /
Pay to	 	UW
Name	 	UW
Phone
#	 	Policy
Number	 	 	Premium
Due Date	 	Admitted or
Non-Admitted
Carrier	 	 	Premium	 
	K&R $10M (1st year of a 3 year policy)	 				 		 				 			
	$10M	 	K&R	 	Federal Insurance Co.	 	NA	 	Chubb	 		 		 	 	81975378	  	 		 	 	Admitted	  	 	$	23,000.00	  
	ODL $15M / $250K Retention	 				 		 				 			
	$15M	 	Outside D&O	 	Federal Insurance Co.	 	NA	 	Chubb	 		 		 	 	82076072	  	 		 	 	Admitted	  	 	$	14,589.00	  
	Crime $20M / $1.5M Retention	 				 		 				 			
	$20M	 	Crime	 	Federal Insurance Co.	 	NA	 	Chubb	 		 		 	 	68016841	  	 		 	 	Admitted	  	 	$	90,000.00	  
	Fiduciary $50M / $250K Retention	 				 		 				 			
	$25M	 	Fiduciary	 	Federal Insurance Co.	 	NA	 	Chubb	 		 		 	 	81975270	  	 		 	 	Admitted	  	 	$	245,000.00	  
	$15M x $25M	 	Fiduciary	 	Zurich American	 	NA	 	Zurich	 		 		 	 	FLC968432105	  	 		 	 	Admitted	  	 	$	103,086.00	  
	$10M x $40M	 	Fiduciary	 	National Union	 	NA	 	Chartis	 		 		 	 	013098608	  	 		 	 	Admitted	  	 	$	62,468.00	  
	EPL $75M / $5M Retention	 				 		 				 			
	$15M	 	Employment	 	Zurich American	 	NA	 	Zurich	 		 		 	 	EPL5942414	  	 		 	 	Admitted	  	 	$	297,000.00	  
	$15M Punitive Wrap	 	Employment Practices	 	Hanseatic (Bermuda)	 	Aon
Bermuda	 	Hanseatic	 		 		 	 	HIPD202517	  	 		 	 	Admitted	  	 	$	29,700.00	  
	$10M x $15M	 	Employment Practices	 	National Union	 	NA	 	Chartis	 		 		 	 	012780175	  	 		 	 	Admitted	  	 	$	122,760.00	  
	$10M x $15M Punitive Wrap	 	Employment Practices	 	Chartis Excess Ltd. (Bermuda)	 	Aon
Bermuda	 	Chartis
Excess
Ltd.	 		 		 	 	13631003	  	 		 	 	Admitted	  	 	$	9,207.00	  
	$25M x $25M	 	Employment Practices	 	Alterra (Bermuda)	 	Aon
Bermuda	 	Alterra	 		 		 	 	723344643PLFF2011	  	 		 	 	Admitted	  	 	$	290,000.00	  
	$15M x $50M	 	Employment Practices	 	Axis Insurance Company	 	NA	 	Axis	 		 		 	 	MAN748430012011	  	 		 	 	Admitted	  	 	$	120,000.00	  
	$15M x $50M Punitive Wrap	 	Employment Practices	 	 Axis Specialty
 Limited (Bermuda)
	 	Aon
Bermuda	 	Axis
Bermuda	 		 		 	 	1136670111QA	  	 		 	 	Admitted	  	 	$	12,000.00	  
	$10M x $65M	 	Employment Practices	 	Executive Risk Indemnity	 	NA	 	Chubb	 		 		 	 	82213366	  	 		 	 	Admitted	  	 	$	70,000.00	  

																											
	 $10M x $65M
	 	Employment Practices	 	Chubb Atlantic Indemnity	 	Aon
Bermuda	 	Chubb	 		 		 	 	33101769	  	 		 	 	Admitted	  	 	$	6,300.00	  
	 D&O $200M
	 		 		 		 		 		 		 				 		 				 			
	 $15M Primary
	 	D&O Liability	 	Federal Insurance Co.	 	NA	 	Chubb	 		 		 	 	82076069	  	 		 	 	Admitted	  	 	$	273,600.00	  
	 $15M x $15M
	 	D&O Liability	 	U.S. Specialty Insurance Co	 	NA	 		 		 		 	 	24MGU11A25158	  	 		 	 	Admitted	  	 	$	186,048.00	  
	 $10M x $30M
	 	D&O Liability	 	Insurance Co.	 	NA	 	Chartis	 		 		 	 	013053289	  	 		 	 	Admitted	  	 	$	99,220.00	  
	 $15M x $40M
	 	D&O Liability	 	Axis Insurance Company	 	NA	 	Axis	 		 		 	 	MAN729648012011	  	 		 	 	Admitted	  	 	$	130,000.00	  
	 $15M x $55M
	 	D&O Liability	 	Illinois National	 	NA	 	Chartis	 		 		 	 	013079584	  	 		 	 	Admitted	  	 	$	112,000.00	  
	 $15M x $70M
	 	D&O Liability	 	Travelers Casualty & Surety	 	NA	 	Travelers	 		 		 	 	105701580	  	 		 	 	Admitted	  	 	$	90,250.00	  
	 $15M x $85M
	 	D&O Liability	 	Zurich American	 	NA	 	Zurich	 		 		 	 	DOC968143605	  	 		 	 	Admitted	  	 	$	85,000.00	  
	 $15M x $100M
	 	D&O Liability	 	Continental Casualty	 	NA	 	C N A	 		 		 	 	287083091	  	 		 	 	Admitted	  	 	$	82,500.00	  
	 $15M x $115M
	 	D&O Liability	 	Liberty Mutual	 	NA	 	Liberty	 		 		 	 	192951211	  	 		 	 	Admitted	  	 	$	65,000.00	  
	 $15M x $130M
	 	D&O Liability	 	Navigators Insurance Co.	 	NA	 		 		 		 	 	NY11DOL301547IV	  	 		 	 	Admitted	  	 	$	65,000.00	  
	 $15M x $145M
	 	D&O Liability	 	Beazley Synidicate (London)	 	NA	 	Aon
London	 		 		 	 	FD1180577	  	 		 	 	Non-Admitted	  	 	$	62,500.00	  
	 $15M x $160M
	 	D&O Liability	 	XL Specialty	 	NA	 	XL	 		 		 	 	ELU123460-11	  	 		 	 	Admitted	  	 	$	90,000.00	  
	 $15M x $175M
	 	D&O Liability	 	Allied World (AWAC)	 	NA	 	AWAC	 		 		 	 	3060681	  	 		 	 	Admitted	  	 	$	68,000.00	  
	 $10M x $190M
	 	D&O Liability	 	Executive Risk Indemnity	 	NA	 	Chubb	 		 		 	 	82229164	  	 		 	 	Admitted	  	 	$	54,000.00	  
		 		 		 		 		 		 		 				 		 				 	  
	  
	 
		 	Total	 		 		 		 		 		 				 		 				 	$	2,958,228.00	  
		 		 		 		 		 		 		 				 		 				 	  
	  
	 
		 	Total without K&R Policy	 		 				 		 				 	$	2,935,228.00	  

 Winn-Dixie Stores, Inc.
                                Bermuda 

Executive Liability - D&O/EPL/Fiduciary/Crime/Outside D&O 

Policy Period - 11/1/11 - 11/1/12  
  

																											
	 Limits
	 	Policy Type	 	Underwriting
Company	 	Intermediary	 	Carrier /
Pay to	 	UW
Name	 	UW
Phone
#	 	Policy
Number	 	 	Premium
Due Date	 	Admitted or
Non-Admitted
Carrier	 	 	Premium	 
	 K&R $10M (1st year of a 3 year policy)
	   

	 $10M
	 	K&R	 	Federal Insurance
 Co.
	 	NA	 	Chubb	 		 		 	 	81975378	  	 		 	 	Admitted	  	 	$	 23,000.00	  
	 ODL $15M / $250K Retention
	   

	 $15M
	 	Outside
D&O	 	Federal Insurance
 Co.
	 	NA	 	Chubb	 		 		 	 	82076072	  	 		 	 	Admitted	  	 	$	14,589.00	  
	 Crime $20M / $1.5M Retention
	   

	 $20M
	 	Crime	 	Federal Insurance
 Co.
	 	NA	 	Chubb	 		 		 	 	68016841	  	 		 	 	Admitted	  	 	$	90,000.00	  
	 Fiduciary $50M / $250K Retention
	   

	 $25M
	 	Fiduciary	 	Federal Insurance
 Co.
	 	NA	 	Chubb	 		 		 	 	81975270	  	 		 	 	Admitted	  	 	$	245,000.00	  
	 $15M x $25M
	 	Fiduciary	 	Zurich American	 	NA	 	Zurich	 		 		 	 	FLC968432105	  	 		 	 	Admitted	  	 	$	103,086.00	  
	 $10M x $40M
	 	Fiduciary	 	National Union	 	NA	 	Chartis	 		 		 	 	013098608	  	 		 	 	Admitted	  	 	$	62,468.00	  
	 EPL $75M / $5M Retention
	   

	 $15M
	 	Employment	 	Zurich American	 	NA	 	Zurich	 		 		 	 	EPL5942414	  	 		 	 	Admitted	  	 	$	297,000.00	  
	 $15M Punitive Wrap
	 	Employment
Practices	 	Hanseatic
(Bermuda)	 	Aon Bermuda	 	Hanseatic	 		 		 	 	HIPD202517	  	 		 	 	Admitted	  	 	 $
	 29,700.00
	   

	 $10M x $15M
	 	Employment
Practices	 	National Union	 	NA	 	Chartis	 		 		 	 	012780175	  	 		 	 	Admitted	  	 	 $
	 122,760.00
	   

	 $10M x $15M

Punitive Wrap
	 	Employment
Practices	 	Chartis Excess
Ltd. (Bermuda)	 	Aon Bermuda	 	Chartis Excess
Ltd.	 		 		 	 	13631003	  	 		 	 	Admitted	  	 	 $
	 9,207.00
	   

	 $25M x $25M
	 	Employment
Practices	 	Alterra
(Bermuda)	 	Aon Bermuda	 	Alterra	 		 		 	 	723344643PLFF2011	  	 		 	 	Admitted	  	 	 $
	 290,000.00
	   

	 $15M x $50M
	 	Employment
Practices	 	Axis Insurance
Company	 	NA	 	Axis	 		 		 	 	MAN748430012011	  	 		 	 	Admitted	  	 	 $
	 120,000.00
	   

	 $15M x $50M

Punitive Wrap
	 	Employment
Practices	 	Axis Specialty
Limited (Bermuda)	 	Aon Bermuda	 	Axis Bermuda	 		 		 	 	1136670111QA	  	 		 	 	Admitted	  	 	 $
	 12,000.00
	   

	 $10M x $65M
	 	Employment
Practices	 	Executive Risk
Indemnity	 	NA	 	Chubb	 		 		 	 	82213366	  	 		 	 	Admitted	  	 	$	70,000.00	  

 [Schedules to Credit Agreement] 

																											
	 $10M x $65M
	 	Employment
 Practices
	 	Chubb Atlantic
Indemnity	 	Aon
Bermuda	 	Chubb	 		 		 	 	33101769	  	 		 	 	Admitted	  	 	$	6,300.00	  
	 D&O $200M
	   

	 $15M Primary
	 	D&O Liability	 	Federal Insurance
 Co.
	 	NA	 	Chubb	 		 		 	 	82076069	  	 		 	 	Admitted	  	 	$
	273,600.00
	  

	 $15M x $15M
	 	D&O Liability	 	U. S. Specialty
Insurance Co.	 	NA	 		 		 		 	 	24MGU11A25158	  	 		 	 	Admitted	  	 	$
	186,048.00
	  

	 $10M x $30M
	 	D&O Liability	 	Insurance Co.	 	NA	 	Chartis	 		 		 	 	013053289	  	 		 	 	Admitted	  	 	$	99,220.00	  
	 $15M x $40M
	 	D&O Liability	 	Axis Insurance
 Company
	 	NA	 	Axis	 		 		 	 	MAN729648012011	  	 		 	 	Admitted	  	 	$	130,000.00	  
	 $15M x $55M
	 	D&O Liability	 	Illinois National	 	NA	 	Chartis	 		 		 	 	013079584	  	 		 	 	Admitted	  	 	$	112,000.00	  
	 $15M x $70M
	 	D&O Liability	 	Travelers Casualty
 & Surety
	 	NA	 	Travelers	 		 		 	 	105701580	  	 		 	 	Admitted	  	 	$	90,250.00	  
	 $15M x $85M
	 	D&O Liability	 	Zurich American	 	NA	 	Zurich	 		 		 	 	DOC968143605	  	 		 	 	Admitted	  	 	$	85,000.00	  
	 $15M x $100M
	 	D&O Liability	 	Continental Casualty	 	NA	 	C N A	 		 		 	 	287083091	  	 		 	 	Admitted	  	 	$	82,500.00	  
	 $15M x $115M
	 	D&O Liability	 	Liberty Mutual	 	NA	 	Liberty	 		 		 	 	192951211	  	 		 	 	Admitted	  	 	$	65,000.00	  
	 $15M x $130M
	 	D&O Liability	 	Navigators
Insurance Co.	 	NA	 		 		 		 	 	NY11DOL301547IV	  	 		 	 	Admitted	  	 	$	65,000.00	  
	 $15M x $145M
	 	D&O Liability	 	Beazley
Synidicate
(London)	 	NA	 	Aon London	 		 		 	 	FD1180577	  	 		 	 	Non-Admitted	  	 	$	62,500.00	  
	 $15M x $160M
	 	D&O Liability	 	XL Specialty	 	NA	 	XL	 		 		 	 	ELU123460-11	  	 		 	 	Admitted	  	 	$	90,000.00	  
	 $15M x $175M
	 	D&O Liability	 	Allied World
(AWAC)	 	NA	 	AWAC	 		 		 	 	3060681	  	 		 	 	Admitted	  	 	$	68,000.00	  
	 $10M x $190M
	 	D&O Liability	 	Executive Risk
 Indemnity
	 	NA	 	Chubb	 		 		 	 	82229164	  	 		 	 	Admitted	  	 	$	54,000.00	  
		 		 		 		 		 		 		 				 		 				 	  
	  
	 
		 	Total	 		 		 		 		 		 				 		 				 	$	2,958,228.00	  
		 		 		 		 		 		 		 				 		 				 	  
	  
	 
		 	Total without K&R Policy	 		 		 		 		 		 				 		 				 	$	2,935,228.00	  

  

	***	NOTE: Aon has secured premium financing on behalf of Winn-Dixie Stores, Inc. for your Executive Management Liability insurance program. Any taxes or surcharges included in the 

[Schedules to Credit Agreement] 

 SCHEDULE 8.25 

MATERIAL CONTRACTS 
  

	1.	Second Amended and Restated BI-LO LLC Supply Agreement by and between BI-LO, LLC and C&S Wholesale Grocers, Inc. dated May 12, 2010, as amended. 

 

	2.	Prime Vendor Agreement between BI-LO, LLC and Cardinal Health dated March 25, 2005, as amended. 

  

	3.	Program Participation Agreement by and between BI-LO, LLC and Excentus Corporation dated September 12, 2008, as amended. 

  

	4.	Term Lease Master Agreement by and between BI-LO, LLC and IBM Credit LLC dated April 21, 2005. 

  

	5.	License Agreement by and between BI-LO, LLC and Computer Associates International, Inc. dated December 31, 2004. 

  

	6.	Customer Processing Agreement by and among BI-LO, LLC, RBS Citizens, N.A., RBS Lynk Incorporated (n/k/a WorldPay US, Inc.) dated July 9, 2008. 

 

	7.	Service Agreement by and between BI-LO, LLC and Electronic Imaging Services, Inc., 

  

	8.	AT&T ILEC Interstate SMARTRing Pricing Schedule/Letter of Election by and between BI-LO, LLC and AT&T Corp. dated May 17, 2011. 

 

	9.	Contract Services Arrangement Agreement by and between BI-LO, LLC and BellSouth Telecommunications, Inc. d/b/a AT&T Southeast dated March 4, 2011. 

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 9.06 

ENVIRONMENTAL MATTERS 
  

	1.	Historic releases from a nearby chemical distribution facility formerly operated by Ashland Chemical and Ashland, Inc. (collectively, “Ashland”) have migrated onto and contaminated groundwater, surface
water and/or sediment on portions of properties in Mauldin, South Carolina formerly owned by Borrower, some of which property is currently leased by Borrower. Ashland is working under the direction of the South Carolina Department of Health and
Environmental Control (“DHEC”) to investigate and remediate the identified impacts. A DHEC permit to allow construction and operation of a soil and groundwater remediation system is expected to be issued in March 2012. Ashland will
likely start construction in the summer of 2012 and operation of the proposed remediation system in fall 2012. The remediation system will discharge treated groundwater on property currently leased by Borrower. The imposition of land use
restrictions on the impacted properties may be required to facilitate the remediation. Although Ashland is the responsible party and performing the work required by DHEC, Borrower has provided a contractual indemnity to the current property owners,
RA Greenville Industrial Blvd. and C&S Wholesale Services, Inc., related to this matter. 

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 9.12(a) 

REAL PROPERTY REQUIREMENTS 
 1.
Fully executed counterparts of Mortgages and corresponding UCC Fixture Filings, in form and substance reasonably satisfactory to the Collateral Agent, together with evidence that counterparts of such Mortgages and UCC Fixture Filings have been
delivered to the title insurance company insuring the Lien of such Mortgage for recording; 
 2. A Mortgage Policy (or irrevocable
commitment to issue same) relating to each Mortgage of the Mortgaged Property issued by a title insurer reasonably satisfactory to the Collateral Agent, in an insured amount satisfactory to the Collateral Agent and insuring the Collateral Agent that
the Mortgage on such Mortgaged Property with the priority contemplated by the Intercreditor Agreement, free and clear of all defects and encumbrances except Permitted Encumbrances, with each such Mortgage Policy (a) to be in form and substance
reasonably satisfactory to the Collateral Agent, (b) to include, to the extent available in the applicable jurisdiction, supplemental endorsements (including, without limitation, endorsements relating to future advances under this Agreement and
the Loans, usury, first loss, tax parcel, subdivision, zoning, contiguity, variable rate, doing business, public road access, survey, environmental lien, mortgage tax and so-called comprehensive coverage over covenants and restrictions and for any
other matters that the Collateral Agent in its discretion may reasonably request), (c) to not include the “standard” title exceptions, a survey exception (except with respect to matters shown on any survey of the Mortgaged Property
delivered pursuant to subsection (4) below) or an exception for mechanics’ liens, and (d) to provide for affirmative insurance and such reinsurance or coinsurance as the Collateral Agent in its discretion may reasonably request; 

3. To induce the title company to issue the Mortgage Policies referred to in subsection (2) above, such affidavits, certificates,
information and instruments of indemnification (including, without limitation, a so-called “gap” indemnification) as shall be required by the title company, together with payment by the Borrower of all Mortgage Policy premiums, search and
examination charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of such Mortgages and issuance of such Mortgage Policies; 

4. A recent survey of each Mortgaged Property (and all improvements thereon) (1) prepared by a surveyor or engineer licensed to perform
surveys in the state where such Mortgaged Property is located, (2) certified by the surveyor (in a manner reasonably acceptable to the Collateral Agent) to the Collateral Agent in its capacity as such, and the title company, (3) complying
in all respects with the minimum detail requirements of the American Land Title Association as such requirements are in effect on the date or preparation of such survey, and (4) sufficient for the title company to remove all standard survey
exceptions from the Mortgage Policy relating to such Mortgaged Property and issue the endorsements required pursuant to the provisions of paragraph (2) above; 

5. To the extent requested by the Collateral Agent, copies of all leases in which Holdings or any of its Restricted Subsidiaries holds the
lessor’s interest or other agreements relating to possessory interests, if any; provided that, to the extent any of the foregoing affect such Mortgaged Property, to the extent requested by the Collateral Agent, such agreements shall be
subordinate to the Lien of the Mortgage to be recorded against such Mortgaged Property, either expressly by its terms or pursuant to a subordination, non-disturbance and attornment agreement (with any such agreement being reasonably acceptable to
the Collateral Agent); 

 6. A “life of loan” Federal Emergency Management Agency Standard Flood Hazard
Determination with respect to each Mortgaged Property, in form and substance acceptable to the Collateral Agent (together with notice about special flood hazard area status and flood disaster assistance, duly executed by the Borrower and any
applicable Restricted Subsidiary and evidence of flood insurance, in the event any improved parcel of Mortgaged Property is located in a special flood hazard area); and 

7. An opinion addressed to the Administrative Agent, the Collateral Agent and the Secured Creditors, in form and substance reasonably
satisfactory to the Administrative Agent from local counsel in the state where the Mortgaged Property is located and such other corporate opinions with respect to the Mortgages as reasonably requested by the Administrative Agent. 

  
 Page 2 

 SCHEDULE 9.18 

PERMANENT RESTRICTED SUBSIDIARIES 
 BI-LO,
LLC 
 Opal Holdings, LLC 
 Winn-Dixie Stores, Inc. 

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 10.01 

EXISTING LIENS 
  

	1.	Financing statements filed on Form UCC1 naming, as “secured party” thereunder, “Deutsche Bank Trust Company Americas, as Collateral Agent” under the Existing BI-LO Credit Agreement.

  

	2.	Liens securing Capitalized Lease Obligations described on Schedule 8.21. 

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 10.05 

EXISTING INVESTMENTS 
 1. Set forth below
is a list of three promissory notes owed to BI-LO, LLC. 
  

					
	 Issuer of Instrument
	  	 Principal Amount of Instrument
	  	 Maturity Date

			
	Bruno’s Supermarkets, LLC	  	$3,300,000*	  	March 2,2009
			
	World Narrowcasting Corporation	  	$290,000**	  	May 1, 2009
			
	LSF5 Bruno’s Investments, LLC	  	$57,800,088***	  	March 1, 2012

  

	*	BI-LO has an unsecured claim against Bruno’s Supermarkets, LLC in Bruno’s Chapter 11 bankruptcy case with respect to this note. BI-LO has fully reserved the amount of this note in its financial statements. The
outstanding principal balance under this note is $3,300,000. 

	**	BI-LO has fully reserved the amount of this note on its financial statements. The outstanding principal balance under this note is $290,000. 

	***	BI-LO has fully reserved the amount of this note on its financial statements. The outstanding principal balance under this note is $57,800,088. 

2. The Borrower is a member-owner in Topco Holdings, Inc., a Wisconsin cooperative (“Topco”). The Borrower owns 600 shares of the common
stock of Topco. If the Borrower leaves the cooperative, it is entitled to receive $100 per share under the bylaws of Topco. The bylaws of Topco obligate the Borrower to buy certain goods and enable it to use certain shared trademarks. 

3. Winn-Dixie Stores, Inc. is the borrower and WIN General Insurance, Inc. is the lender, under that certain Loan Agreement and Promissory Note, dated as of
March 17, 2010, pursuant to which WIN General Insurance, Inc. extended a loan to Winn-Dixie Stores, Inc. in a principal amount of $1,200,000.00. 

  
 [Schedules to Credit
Agreement] 

 Investments in the following securities accounts: 

 

							
	 OWNER
	  	 BANK
	  	 FUNDS
	  	 ACCOUNTS

				
	 Winn-Dixie Stores, Inc.
	  	Bank of America Securities	  	Dreyfus Treasury Prime Cash Mgmt #761	  	5S501A50
				
	 Winn-Dixie Stores, Inc.
	  	Bank of America Securities	  	Federated Cash Reserves #125	  	5S501A50
				
	 Winn-Dixie Stores, Inc.
	  	BB&T Capital Markets	  	Goldman Sachs 100% Treasury #506	  	42199690
				
	 Winn-Dixie Stores, Inc.
	  	Wells Fargo	  	Wells Fargo Advantage Fund #3722	  	3722-1009338418

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 10.13 

DEPOSIT ACCOUNTS 
 Part
A: Concentration Accounts 
  

							
	 OWNER
	  	 TYPE OF
ACCOUNT
	  	 BANK
	  	
ACCOUNT NUMBER

				
	 BI-LO, LLC
	  	Depository Concentration Account	  	Wells Fargo	  	2000014833371
				
	 BI-LO, LLC
	  	Depository Concentration Account	  	Wells Fargo	  	2000014833384
				
	 BI-LO, LLC
	  	Depository Concentration Account	  	Wells Fargo	  	2000014833397
				
	 BI-LO, LLC
	  	Master Receipts Account	  	Wells Fargo	  	2000045250046
				
	 Winn-Dixie Stores, Inc.
	  	Master ZBA Concentration	  	Regions Bank	  	3840250830
				
	 Winn-Dixie Stores, Inc.
	  	Headquarters Principal Account	  	Wells Fargo	  	2115000000524
				
	 Winn-Dixie Montgomery, LLC
	  	Store Depository Concentration- WES03	  	Regions Bank	  	3840291952
				
	 Winn-Dixie Montgomery, LLC
	  	Store Depository Concentration- WES 91	  	Regions Bank	  	7887001053

  
 [Schedules to Credit
Agreement] 

 Part B: Collection Accounts 

 

							
	 OWNER
	  	 TYPE OF
ACCOUNT
	  	 BANK
	  	 ACCOUNT
NUMBER

				
	 BI-LO, LLC
	  	Credit Card Settlements	  	Wells Fargo	  	2000022978451
				
	 BI-LO, LLC
	  	Rx Lockbox	  	Wells Fargo	  	2000049261701
				
	 BI-LO, LLC
	  	Corporate A/R Lockbox	  	Wells Fargo	  	2000023002287
				
	 BI-LO, LLC
	  	Real Estate Lockbox	  	Wells Fargo	  	2000023002481
				
	 Winn-Dixie Stores, Inc.
	  	Credit Card Wiring Account	  	Wells Fargo	  	2115000000524

  
 [Schedules to Credit
Agreement] 

 Part C: Disbursement Accounts 

 

							
	 OWNER
	  	 TYPE OF
ACCOUNT
	  	 BANK
	  	 ACCOUNT
NUMBER

				
	 BI-LO, LLC
	  	Master Funding Account	  	Wells Fargo	  	2000014833368
				
	 BI-LO, LLC
	  	A/P Disbursement	  	Wells Fargo	  	2079900621149
				
	 BI-LO, LLC
	  	Coin/Currency Orders	  	Wells Fargo	  	2000049280465
				
	 BI-LO, LLC
	  	Beer & Wine Drafts	  	Wells Fargo	  	2079900564170
				
	 BI-LO, LLC
	  	Payroll Checking Account	  	Wells Fargo	  	2079900622915
				
	 Winn-Dixie Stores, Inc.
	  	Accounts Payable	  	Wells Fargo	  	2079940000225
				
	 Winn-Dixie Stores, Inc.
	  	Payroll	  	Wells Fargo	  	2079940009734
				
	 Winn-Dixie Stores, Inc.
	  	Beer, Wine, Spirits	  	Wells Fargo	  	2079940012624
				
	 Winn-Dixie Stores, Inc.
	  	Sedgwick Ins. Claims Payments	  	Wells Fargo	  	2079900562619

  
 [Schedules to Credit
Agreement] 

 Part D: Other Deposit Accounts 

 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000014820533
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000014833067
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000014833070
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit – Shadow Account	  	Wells Fargo	  	2000014833106
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000014833119
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000014833122
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022969839
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022969842
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022969855

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022969868
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022969871
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022969884
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022969907
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022969910
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022969923
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970035
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970048
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970051
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970080

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970093
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970187
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970190
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970200
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970213
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970284
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970307
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970336
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970420
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970433

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970446
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970459
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970462
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970475
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970488
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970491
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970514
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970530
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970543
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970556

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970572
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970598
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970608
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970624
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970637
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970640
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970653
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970666
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970679
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970682

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970695
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970705
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970721
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit – Shadow Account	  	Wells Fargo	  	2000022970734
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970747
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970750
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970763
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970776
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970792
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970802

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970815
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970828
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970831
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970844
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970857
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970860
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970873
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970899
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970909
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970912

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970925
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970938
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970954
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970967
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970970
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970983
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022970996
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971005
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971021
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971047

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971050
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971076
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971089
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971115
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971128
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971131
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971144
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971157
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971173
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971186

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971199
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971209
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971212
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971225
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971238
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971241
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971254
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971267
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971283
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971296

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971319
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971322
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971335
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971351
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971364
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971377
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971380
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971393
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971416
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971429

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971432
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971445
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971458
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971461
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971487
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971500
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971539
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971542
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971555
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971584

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971597
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971607
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971610
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971623
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971649
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971665
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971678
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971681
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971694
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971704

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971717
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971733
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971759
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971762
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971775
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971788
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971791
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971814
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971830
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971843

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971856
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971869
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971872
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971885
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971898
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971911
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971924
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971940
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971953
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971966

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971979
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022971982
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972017
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit – Shadow Account	  	Wells Fargo	  	2000022972020
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972033
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972114
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972279
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972282
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972389
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972392

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972402
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972415
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972431
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972486
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972512
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972541
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972567
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972570
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972606
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972619

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972622
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972648
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972651
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972664
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000022972677
				
	 BI-LO, LLC
	  	TN Lottery Account	  	Wells Fargo	  	2000022972732
				
	 BI-LO, LLC
	  	GA Lottery Account	  	Wells Fargo	  	2000022972745
				
	 BI-LO, LLC
	  	SC Education Lottery	  	Wells Fargo	  	2000022972758
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000028316143
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000028316156
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000028316169

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000028316172
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000028316185
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000028316198
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000028316211
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000028316224
				
	 BI-LO, LLC
	  	NC Lottery Account	  	Wells Fargo	  	2000028343226
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000035264110
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000036899526
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit – Shadow Account	  	Wells Fargo	  	2000036899539
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000036930100
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000040971553

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000040987314
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000040990592
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000040993926
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000040999946
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000041709973
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000042902041
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit - Shadow Account	  	Wells Fargo	  	2000042932859
				
	 BI-LO, LLC
	  	Money Transfers Adjustments Account	  	Wells Fargo	  	2000049238268
				
	 BI-LO, LLC
	  	Money Transfers Settlement	  	Wells Fargo	  	2000049256800
				
	 Winn-Dixie Stores, Inc.
	  	Consolidated Returns—HDQ99	  	PNC	  	4600091733
				
	 Winn-Dixie Stores, Inc.
	  	Payroll Check Returns	  	PNC	  	4600191777

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 Winn-Dixie Stores, Inc.
	  	Returned Check Collection Fees - HDQ98	  	PNC	  	4600183056
				
	 Winn-Dixie Montgomery, LLC
	  	Store Shadow Acct – WES03 –Store 569	  	Regions Bank	  	7880001341
				
	 Winn-Dixie Montgomery, LLC
	  	Store Shadow Acct – WES03 – Store 596	  	Regions Bank	  	7880000353
				
	 Winn-Dixie Montgomery, LLC
	  	Store Shadow Acct – WES03 – Store 591	  	Regions Bank	  	7880000345
				
	 Winn-Dixie Montgomery, LLC
	  	Store Shadow Acct – WES03 – Store 580	  	Regions Bank	  	7880000337
				
	 Winn-Dixie Montgomery, LLC
	  	Store Shadow Acct – WES03 – Store 533	  	Regions Bank	  	0094065942
				
	 Winn-Dixie Montgomery, LLC
	  	Store Shadow Acct – WES03 – Store 472	  	Regions Bank	  	0094065934
				
	 Winn-Dixie Montgomery, LLC
	  	Store Shadow Acct – WES03 – Store 512	  	Regions Bank	  	0079243835
				
	 Winn-Dixie Montgomery, LLC
	  	Store Shadow Acct – WES91 – Store 1555	  	Regions Bank	  	7880000361
				
	 Winn-Dixie Montgomery, LLC
	  	Store Shadow Acct – WES91 – Store 595	  	Regions Bank	  	7880000302

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNTS
	  	BANK	  	ACCOUNT NUMBER
				
	 Winn-Dixie Montgomery, LLC
	  	Store Shadow Acct – WES91 – Store 471	  	Regions Bank	  	0102286602
				
	 Winn-Dixie Stores, Inc.
	  	Division Principal Account – Jax (WIC Redeposits)	  	Wells Fargo	  	2115002187500
				
	 Winn-Dixie Raleigh, Inc.
	  	Georgia Lottery—Winn- Dixie Raleigh, Inc.	  	Wells Fargo	  	2000001208760
				
	 Winn-Dixie Stores, Inc.
	  	Georgia Lottery—Winn- Dixie Stores, Inc.	  	Wells Fargo	  	2000001208883
				
	 Winn-Dixie Stores, Inc.
	  	Store Depository Account – CEN45	  	Wells Fargo	  	2090002596708
				
	 Winn-Dixie Stores, Inc.
	  	Store Depository Account – SOU15	  	Wells Fargo	  	2150001126828
				
	 Winn-Dixie Stores, Inc.
	  	Store Depository Account – WES01	  	Wells Fargo	  	2000025911305
				
	 Winn-Dixie Stores, Inc.
	  	Store Depository Account – WES04	  	Wells Fargo	  	2000025911321
				
	 Winn-Dixie Stores, Inc.
	  	Store Depository Account – WES08	  	Wells Fargo	  	2000027316283

  
 [Schedules to Credit
Agreement] 

 Part E – Excluded Deposit Accounts 

 

							
	 OWNER
	  	 TYPE OF
ACCOUNT
	  	 BANK
	  	
ACCOUNT NUMBERS

				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit—Rural Location	  	Bank of Dade	  	3145
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit—Rural Location	  	Farmers &Merchants Bank	  	10905
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit – Rural Location	  	Northeast Georgia Bank	  	452643
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit – Rural Location	  	Regions Bank	  	94864381
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit – Rural Location	  	United Community Bank	  	2001103390
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit—Shadow Account	  	First Citizens	  	754130307401
				
	 BI-LO, LLC
	  	Commercial Checking / Store Deposit—Shadow Account	  	SunTrust	  	1000133765056
				
	 BI-LO, LLC
	  	Client Trust Account/ Bankruptcy Landlord/Tenant Settlement	  	Womble Carlyle Sandridge & Rice, PLLC	  	53832
				
	 Winn-Dixie Stores, Inc.
	  	Pharmacy EDS (Medicare/Medicaid Deposit Account)	  	Wells Fargo	  	2090002259605
				
	 BI-LO, LLC
	  	Rx Lockbox	  	Wells Fargo	  	2000049005323

  
 [Schedules to Credit
Agreement] 

							
	 OWNER
	  	 TYPE OF
ACCOUNT
	  	 BANK
	  	ACCOUNT NUMBERS
				
	 Winn-Dixie Raleigh, Inc.
	  	Store Depository Account—WES13	  	Compass Bank	  	8104484
				
	 Winn-Dixie Montgomery, LLC
	  	Store Depository Account—WES35	  	Hancock Bank	  	043194140
				
	 Dixie Spirits Inc.
	  	Store Depository Account—WES37	  	Hancock Bank	  	013172686
				
	 Winn-Dixie Stores, Inc.
	  	Pharmacy Lockbox (ZBA)	  	Regions Bank	  	0161452092

  
 [Schedules to Credit
Agreement] 

 SCHEDULE 13.03 

LENDER ADDRESSES 
  

			
	 Lender
	  	 Address

		
	Bank of Montreal	  	1111 West Monroe – 20E
		  	Chicago, Illinois 60603
		  	Attention: Dan Duffy, Associate
		  	Telephone No.: (312) 461-6699
		  	Fax No.: (312) 765-1641
		  	E-mail: dan.duffy@harrisbank.com
		
	Capital One Leverage Finance Corp.	  	275 Broadhollow Road, 1st Floor
		  	Melville, New York 11747
		  	Attention: Michael Lockery, Vice President
		  	Telephone No.: (631) 531-2926
		  	Fax No.: (800) 986-0323
		  	E-mail: Michael.lockery@capitalone.com
		
	CIT Bank	  	11 West 42nd Street, 13th Floor
		  	New York, New York 10036
		  	Attention: Micah Spellman, Assistant Vice President
		  	Telephone No.: (212) 461-7768
		  	Fax No.: (212) 461-7760
		  	E-mail: micah.spellman@cit.com
		
	Citibank, N.A.	  	390 Greenwich Street, 1st Floor
		  	New York, New York 10013
		  	Attention: Brendan Mackay, Director
		  	Telephone No.: (212) 723-3752
		  	Fax No.: (212) 723-8721
		  	E-mail: brendan.mackay@citi.com
		
	City National Bank, a National Banking	  	555 South Flower Street, 24th Floor
	Association	  	Los Angeles, California 90071
		  	Attention: Brent Phillips, Vice President
		  	Telephone No.: (213) 673-8663
		  	Fax No.: (213) 673-2858
		  	E-mail: brent.phillips@cnb.com
		
	Compass Bank	  	8080 North Central Expressway, Suite 400
		  	Dallas, Texas 75206
		  	Attention: Michael Sheff, Senior Vice President /
		  	 Jason Nichols, Senior Vice President

		  	Telephone No.: (214) 890-8627 / (214) 346-2749
		  	Fax No.: (214) 706-8059
		  	E-mail: michael.sheff@bbvacompass.com /
		  	 jason.nichols@bbvacompass.com

			
	Deutsche Bank Trust Company Americas	  	60 Wall Street
		  	New York, New York 10005
		  	Attention: Dusan Lazarov, Director
		  	Telephone No.: (212) 250-0211
		  	Fax No.: (212) 797-5695
		  	E-mail: dusan.lazarov@db.com
		
	Flagster Bank, FSB	  	34 Broadview Drive
		  	Wallingford, Connecticut 06492
		  	Attention: Thomas Bukowski, Senior Vice President
		  	Telephone No.: (203) 269-5382
		  	Fax No.: (203) 269-5382
		  	E-mail: thomas.bukowski@flagstar.com
		
	PNC Bank, National Association	  	340 Madison Avenue, 11th Floor
		  	New York, New York 10173
		  	Attention: Joanne Fu, Banking Officer
		  	Telephone No.: (212) 752-6360
		  	Fax No.: (212) 303-0060
		  	E-mail: joanne.fu@pnc.com
		
	RBS Citizens, N.A.	  	28 State Street, MS1235
		  	Boston, Massachusetts 02109
		  	Attention: Francis Garvin, Senior Vice President
		  	Telephone No.: (617) 725-5713
		  	Fax No.: (617) 227-7995
		  	E-mail: francis.garvin@rbscitizens.com
		
	SunTrust Bank	  	303 Peachtree Street, 23rd Floor
		  	Atlanta, Georgia 30308
		  	Attention: Preston McDonald, Vice President
		  	Telephone No.: (404) 813-0254
		  	Fax No.: (404) 813-5890
		  	E-mail: preston.mcdonald@suntrust.com
		
	TD Bank, N.A.	  	317 Madison Avenue
		  	New York, New York 10017
		  	Attention: Jang Kim, Vice President
		  	Telephone No.: (212) 220-2025
		  	Fax No.: (856) 533-7124
		  	E-mail: jang.kim@td.com
		
	Webster Business Credit Corporation	  	19 Main Street
		  	New Milford, Connecticut 06776
		  	Attention: Chris Magnante, Vice President
		  	Telephone No.: (860) 314-7013
		  	Fax No.: (860) 355-7143
		  	E-mail: cmagnante@websterbcc.com

			
	Wells Fargo Bank, N.A.	  	One Boston Place, Suite 1800
		  	Boston, Massachusetts 02108
		  	Attention: Brent Shay, Vice President
		  	Telephone No.: (617) 624-4463
		  	Fax No.: (866) 328-8544
		  	E-mail: brent.e.shay@wellsfargo.com
		
	U.S. Bank National Association	  	425 Walnut Street, 14th Floor, CN-OH-W14S
		  	Cincinnati, Ohio 45202
		  	Attention: Matthew P. Kasper, Vice President,
		  	 Portfolio Manager

		  	Telephone No.: (513) 632-4226
		  	Fax No.: (513) 632-2040
		  	E-mail: matthew.kasper@usbank.com

 EXHIBIT A-1 

FORM OF NOTICE OF BORROWING 

                 ,
20     
 Deutsche Bank Trust Company Americas, as 

Administrative Agent (the “Administrative Agent”) 

for the Lenders party to the Credit Agreement 
 referred to below

 5022 Parkway 
 Suite 200 

Jacksonville, Florida 32256 
 Attention: Sheila Lee 

Telephone No.: (904) 527-6119 
 Facsimile No.:
(732) 380-3355 
 With a copy to: 
 60 Wall Street 

New York, New York 10005 
 Attention: Dusan Lazarov 

Telephone No.: (212) 250-0211 
 Facsimile No.:
(212) 797-5695 
 Ladies and Gentlemen: 

The undersigned, BI-LO, LLC (the “Borrower”), refers to the ABL Credit Agreement, dated as of March 9, 2012 (as amended,
restated, modified and/or supplemented from time to time, the “Credit Agreement”, the capitalized terms defined therein being used herein as therein defined), among BI-LO Holding, LLC (“Holdings”), the Borrower, the
lenders from time to time party thereto (each, a “Lender” and collectively, the “Lenders”), Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Citibank, N.A., as
Syndication Agent, you, as Administrative Agent and Collateral Agent for such Lenders, and Citibank, N.A., you and Wells Fargo Bank, National Association, as Collateral Monitors, and hereby gives you notice, irrevocably, pursuant to Section
[2.03(a)][2.03(b)(i)]1 of the Credit Agreement, that the undersigned hereby requests a Borrowing under the Credit Agreement, and in that connection sets forth below the information relating to
such Borrowing (the “Proposed Borrowing”) as required by Section [2.03(a)][2.03(b)(i)] of the Credit Agreement: 
  

	1 	Use 2.03(a) for Revolving Loans and 2.03(b)(i) for Swing Line Loans. 

 (i) The Business Day of the Proposed Borrowing is
            ,             .2 

(ii) The aggregate principal amount of the Proposed Borrowing is
$            . 
 (iii) The Loans to be made pursuant to the
Proposed Borrowing shall consist of [Revolving Loans] [Swingline Loans]. 
 (iv) [The Loans [will] [will not] constitute
Agent Advances.]3 
 (v) The Loans to be made pursuant to the Proposed
Borrowing shall be initially maintained as [Base Rate Loans] [LIBOR Loans].4 

(vi) The initial Interest Period for the Proposed Borrowing is [one month] [two months] [three months] [six months] [nine
months] [twelve months] [other period].5 
 (vii) The Borrowing
Base (based on the Borrowing Base Certificate last delivered) is             . 

The undersigned hereby certifies that the following statements are and will be true on the date of the Proposed Borrowing and also after
giving effect thereto: 
 (A) the representations and warranties contained in the Credit Agreement and in the other Credit
Documents are and will be true and correct in all material respects, before and after giving effect to the Proposed Borrowing and to the application of proceeds thereof, with the same effect as though such representations and warranties had been
made on the date of the Proposed Borrowing (it being understood and agreed that (x) any representation or warranty which by is terms is made as of a specified date shall be required to be true and correct in all material respects only as of
such specified date and (y) any representation or warranty that is qualified by an Applicable Qualifier shall be true and correct in all respects as written, including by giving effect to such Applicable Qualifier as of any such date); 

 

	2 	Shall be on the same Business Day in the case of Base Rate Loans (including Agent Advances, but excluding Revolving Loans made pursuant to a Mandatory Borrowing) and LIBOR Loans incurred on the Effective Date but only
to the extent that each Lender is able to make LIBOR Loans on same day notice so long as this notice is received by the Administrative Agent prior to 1:00 P.M. (New York City time) (or 2:00 P.M. (New York City time) in the case of Swingline Loans)
on the Business Day of the requested date of Borrowing of each such Base Rate Loan and at least three Business Days in the case of LIBOR Loans (other than LIBOR Loans to be incurred on Effective Date on same day notice) so long as any such notice
shall be received by the Administrative Agent prior to 11:00 A.M. (New York City time). 

	3 	To be included only for a Proposed Borrowing of Revolving Loans. 

	4 	Swingline Loans may only be incurred and maintained as Base Rate Loans. 

	5 	Nine or twelve month periods require agreement by all Lenders. Such other period if agreed to by all Lenders and the Administrative Agent. Paragraph (vi) should only be included for a Proposed Borrowing of
Revolving Loans to be maintained as LIBOR Loans. All paragraph numbers need to be renumbered accordingly. 

  
 Page 2 

 (B) no Default or Event of Default has occurred and is continuing, or would
result from such Proposed Borrowing or from the application of the proceeds thereof; and 
 (C) after giving effect to
the Proposed Borrowing (and the use of the proceeds thereof), (i) the Aggregate Exposure will not exceed 100% (or, during an Agent Advance Period, 110%) of the Borrowing Base at such time and (ii) the Aggregate Exposure will not exceed the
Total Revolving Loan Commitment at such time. 
  

			
	Very truly yours,
	
	BI-LO, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 Page 3 

 EXHIBIT A-2 

FORM OF NOTICE OF CONVERSION/CONTINUATION 

                    
    , 20     
 Deutsche Bank Trust Company Americas, 

as Administrative Agent for the Lenders party 
 to the Credit
Agreement 
 referred to below 
 5022 Parkway 

Suite 200 
 Jacksonville, Florida 32256 

Attention: Sheila Lee 
 Telephone No.: (904) 527-6119 

Facsimile No.: (732) 380-3355 
 With a copy to: 

60 Wall Street 
 New York, New York 10005 

Attention: Dusan Lazarov 
 Telephone No.: (212) 250-0211 

Facsimile No.: (212) 797-5695 
 Ladies and Gentlemen: 

The undersigned, BI-LO, LLC (the “Borrower”), refers to the ABL Credit Agreement, dated as of March 9, 2012 (as amended,
restated, modified and/or supplemented from time to time, the “Credit Agreement”, the capitalized terms defined therein being used herein as therein defined), among BI-LO Holding, LLC (“Holdings”), the Borrower, the
lenders from time to time party thereto (each, a “Lender” and collectively, the “Lenders”), Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Citibank, N.A., as
Syndication Agent, you, as Administrative Agent and Collateral Agent for such Lenders, and Citibank, N.A., you and Wells Fargo Bank, National Association, as Collateral Monitors, and hereby gives you notice, irrevocably, pursuant to Section
[2.06][2.09] of the Credit Agreement, that the undersigned hereby requests to [convert] [continue] the Borrowing of Revolving Loans referred to below, and in that connection sets forth below the information
relating to such [conversion] [continuation] (the “Proposed [Conversion] [Continuation]”) as required by Section [2.06][2.09] of the Credit Agreement: 

(i) The Proposed [Conversion] [Continuation] relates to the Borrowing of Revolving Loans originally made on
            , 20            (the “Outstanding Borrowing”) in the principal amount of
$            and currently maintained as a Borrowing of [Base Rate Loans] [LIBOR Loans with an Interest Period ending on
                    ,             ]. 

 (ii) The Business Day of the Proposed [Conversion] [Continuation] is
            ,             .1 

(iii) The Outstanding Borrowing shall be [continued as a Borrowing of LIBOR Loans with an Interest Period of
            ] [converted into a Borrowing of [Base Rate Loans] [LIBOR Loans with an Interest Period of
            ]].2 

[The undersigned hereby certifies that no Default or Event of Default has occurred and will be continuing on the date of the Proposed
[Conversion] [Continuation] or will have occurred and be continuing on the date of the Proposed [Conversion] [Continuation]].3 

 

			
	Very truly yours,
	
	BI-LO, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  

	1 	In the case of a conversion into, or a continuation of, LIBOR Loans, this date shall be a Business Day, at least three Business Days after the date hereof or in the case of a conversion into Base Rate Loans, this date
shall be a Business Day, at least one Business Day after the date hereof; provided that such notice shall be deemed to have been given on a certain day only if given before 11:00 A.M. (New York City time) on such day. 

	2 	In the event that either (x) only a portion of the Outstanding Borrowing is to be so converted or continued or (y) the Outstanding Borrowing is to be divided into separate Borrowings with different Interest
Periods, the Borrower should make appropriate modifications to this clause to reflect same. 

	3 	In the case of a Proposed Conversion or Continuation, insert this sentence only in the event that the conversion is from a Base Rate Loan to a LIBOR Loan or in the case of a continuation of a LIBOR Loan.

  
 Page 2 

 EXHIBIT B-1 

FORM OF REVOLVING NOTE 
  

			
	$                    	  	 New York, New York

                    
    , 20    

 FOR VALUE RECEIVED, BI-LO, LLC, a Delaware limited liability company (the “Borrower”), hereby
promises to pay to [            ] or its registered assigns (the “Lender”), in lawful money of the United States of America in immediately available funds, at the
Payment Office (as defined in the Credit Agreement referred to below) initially located at 60 Wall Street, New York, New York 10005, on the Final Maturity Date (as defined in the Credit Agreement) the principal sum of
            DOLLARS ($            ) or, if less, the unpaid principal amount of all Revolving Loans (as defined in the
Credit Agreement) made by the Lender pursuant to the Credit Agreement, payable at such times and in such amounts as are specified in the Credit Agreement. 

The Borrower also promises to pay interest on the unpaid principal amount of each Revolving Loan made by the Lender in like money at said
office from the date hereof until paid at the rates and at the times provided in Section 2.08 of the Credit Agreement. 
 This Note is
one of the Revolving Notes referred to in the ABL Credit Agreement, dated as of March 9, 2012, among BI-LO Holding, LLC, the Borrower, the lenders party thereto from time to time (including the Lender), Wells Fargo Bank, National Association,
SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Citibank, N.A., as Syndication Agent, Deutsche Bank Trust Company Americas, as Collateral Agent and as Administrative Agent, and Citibank, N.A., Deutsche Bank Trust Company Americas and
Wells Fargo Bank, National Association, as Collateral Monitors (as amended, restated, modified and/or supplemented from time to time, the “Credit Agreement”), and is entitled to the benefits thereof and of the other Credit Documents
(as defined in the Credit Agreement). This Note is secured by the Security Documents (as defined in the Credit Agreement) and is entitled to the benefits of the Guaranties (as defined in the Credit Agreement). As provided in the Credit Agreement,
this Note is subject to voluntary prepayment and mandatory repayment prior to the Final Maturity Date, in whole or in part, and Revolving Loans may be converted from one Type (as defined in the Credit Agreement) into another Type to the extent
provided in the Credit Agreement. 
 In case an Event of Default (as defined in the Credit Agreement) shall occur and be continuing, the
principal of and accrued interest on this Note may be declared to be due and payable in the manner and with the effect provided in the Credit Agreement. 

The Borrower hereby waives presentment, demand, protest or notice of any kind in connection with this Note. 

 THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW
YORK (WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES). 
  

			
	BI-LO, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 Page 2 

 EXHIBIT B-2 

FORM OF SWINGLINE NOTE 
  

			
	$                    	  	 New York, New York

                    
    , 20    

 FOR VALUE RECEIVED, BI-LO, LLC, a Delaware limited liability company (the “Borrower”), hereby
promises to pay to DEUTSCHE BANK TRUST COMPANY AMERICAS or its registered assigns (the “Lender”), in lawful money of the United States of America in immediately available funds, at the Payment Office (as defined in the Credit
Agreement, referred to below) initially located at 60 Wall Street, New York, New York 10005, on the Swingline Expiry Date (as defined in the Credit Agreement) the principal sum of
                    DOLLARS ($            ) or, if less, the unpaid principal amount
of all Swingline Loans (as defined in the Credit Agreement) made by the Lender pursuant to the Credit Agreement, payable at such times and in such amounts as are specified in the Credit Agreement. 

The Borrower also promises to pay interest on the unpaid principal amount of each Swingline Loan made by the Lender in like money at said
office from the date hereof until paid at the rates and at the times provided in Section 2.08 of the Credit Agreement. 
 This Note is
one of the Swingline Notes referred to in the ABL Credit Agreement, dated as of March 9, 2012, among BI-LO Holding, LLC, the Borrower, the lenders party thereto from time to time (including the Lender), Wells Fargo Bank, National Association,
SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Citibank, N.A., as Syndication Agent, Deutsche Bank Trust Company Americas, as Collateral Agent and as Administrative Agent, and Citibank, N.A., Deutsche Bank Trust Company Americas and
Wells Fargo Bank, National Association, as Collateral Monitors (as amended, restated, modified and/or supplemented from time to time, the “Credit Agreement”), and is entitled to the benefits thereof and of the other Credit Documents
(as defined in the Credit Agreement). This Note is secured by the Security Documents (as defined in the Credit Agreement) and is entitled to the benefits of the Guaranties (as defined in the Credit Agreement). As provided in the Credit Agreement,
this Note is subject to voluntary prepayment and mandatory repayment prior to the Swingline Expiry Date, in whole or in part. 
 In case an
Event of Default (as defined in the Credit Agreement) shall occur and be continuing, the principal of and accrued interest on this Note may be declared to be due and payable in the manner and with the effect provided in the Credit Agreement. 

The Borrower hereby waives presentment, demand, protest or notice of any kind in connection with this Note. 

 THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW
YORK (WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES). 
  

			
	BI-LO, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 Page 2 

 EXHIBIT C 

FORM OF LETTER OF CREDIT REQUEST 

Dated
                         , 20     

Deutsche Bank Trust Company Americas, as Administrative Agent, under the ABL Credit Agreement, dated as of March 9, 2012 (as amended,
restated, modified and/or supplemented from time to time, the “Credit Agreement”), among BI-LO Holding, LLC, BI-LO, LLC, the lenders party thereto from time to time, Citibank, N.A., as Syndication Agent, Wells Fargo Bank, National
Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Deutsche Bank Trust Company Americas, as Collateral Agent and as Administrative Agent, and Citibank, N.A., Deutsche Bank Trust Company Americas and Wells Fargo Bank, National
Association, as Collateral Monitors 
 5022 Parkway 

Suite 200 
 Jacksonville, Florida
32256 
 Attention: Sheila Lee 

Telephone No.: (904) 527-6119 

Facsimile No.: (732) 380-3355 

With a copy to: 
 60 Wall Street

 New York, New York 10005 

Attention: Dusan Lazarov 

Telephone No.: (212) 250-0211 

Facsimile No.: (212) 797-5695 

[[            1    
        ], as Issuing Lender 
 under the Credit Agreement 

			
	 	 	
	 	 	

                          
                                         
     ]  
 Attention:
[                                        
                ]  
  

	1 	Insert name and address of Issuing Lender. For standby Letters of Credit issued by Deutsche Bank Trust Company Americas insert: Deutsche Bank Trust Company Americas, 60 Wall Street, New York, NY 10005- MS NYC 60-2708,
Attention: Global Loan Operations, Standby Letter of Credit Unit. For trade Letters of Credit issued by Deutsche Bank Trust Company Americas, insert: Deutsche Bank Trust Company Americas, 60 Wall Street, New York, NY 10005, Attention: Trade and Risk
Services, Import LC. For Letters of Credit issued by another Issuing Lender, insert the correct notice information for that Issuing Lender. 

 Ladies and Gentlemen: 

Pursuant to Section 3.03 of the Credit Agreement, the undersigned hereby requests that the Issuing Lender referred to above issue a
[trade] [standby] Letter of Credit for the account of the undersigned on     2     (the “Date of Issuance”) in
the aggregate Stated Amount of     3    . 

For purposes of this Letter of Credit Request, unless otherwise defined herein, all capitalized terms used herein which are defined in the
Credit Agreement shall have the respective meaning provided therein. 
 The beneficiary of the requested Letter of Credit will be
    4     , and such Letter of Credit will be in support of
    5     and will have a stated expiration date of     6     .

 The undersigned hereby certifies that the following statements are and will be true on the Date of Issuance, both before and after giving
effect to the issuance of the Letter of Credit requested hereby: 
  

	 	(A)	all representations and warranties contained in the Credit Agreement and in the other Credit Documents are and will be true and correct in all material respects with the same effect as though such representations and
warranties had been made on the date of the Date of Issuance, both before and after giving effect to the issuance of the Letter of Credit requested hereby (it being understood and agreed that (x) any representation or warranty which by is terms
is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date) and (y) any representation or warranty that is qualified by an Applicable Qualifier shall be true and correct in
all respects as written, including by giving effect to such Applicable Qualifier as of any such date); 

  

	2 	Date of Issuance which shall be a Business Day that is at least 5 Business Days after the date hereof (or such earlier date as is acceptable to the respective Issuing Lender in any given case). 

	3 	Aggregate initial Stated Amount of the Letter of Credit which should not be less than $50,000 (or such lesser amount as is acceptable to the respective Issuing Lender). 

	4 	Insert name and address of beneficiary. 

	5 	Insert a description of L/C Supportable Obligations (in the case of standby Letters of Credit) and insert description of permitted trade obligations of the Company or any of its Subsidiaries (in the case of trade
Letters of Credit). 

	6 	Insert the last date upon which drafts may be presented which may not be later than (i) in the case of standby Letters of Credit, the earlier of (x) one year after the Date of Issuance (although any such
standby Letter of Credit may be extendible for successive periods of up to one year but, in each case, not beyond the 5th Business Day prior to the Final Maturity Date, on terms acceptable to the Issuing Lender) and (y) the 5th Business Day
preceding the Final Maturity Date and (ii) in the case of trade Letters of Credit, the earlier of (x) 180 days after the Date of Issuance and (y) the 30th day preceding the Final Maturity Date. 

  
 Page 2 

	 	(B)	no Default or Event of Default has occurred and is continuing or would result from the issuance of the Letter of Credit requested hereby; and 

 

	 	(C)	after giving effect to the issuance of such Letter of Credit, (i) the Aggregate Exposure will not exceed 100% (or, during an Agent Advance Period, 110%) of the Borrowing Base at such time and (ii) the
Aggregate Exposure will not exceed the Total Revolving Loan Commitment at such time. 

 Copies of all documentation with
respect to the supported transaction are attached hereto. 
  

			
	BI-LO, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 Page 3 

 EXHIBIT D 

FORM OF SECTION 5.04(b)(ii) CERTIFICATE 

Reference is hereby made to the ABL Credit Agreement, dated as of March 9, 2012, among BI-LO Holding, LLC, BI-LO, LLC, the lenders from
time to time party thereto, Citibank, N.A., as Syndication Agent, Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Deutsche Bank Trust Company Americas, as Collateral Agent and as Administrative
Agent, and Citibank, N.A., Deutsche Bank Trust Company Americas and Wells Fargo Bank, National Association, as Collateral Monitors (as amended, restated, modified and/or supplemented from time to time, the “Credit Agreement”).
Pursuant to the provisions of Section 5.04(b)(ii) of the Credit Agreement, the undersigned hereby certifies that it is not (i) a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as
amended (the “Code”), (ii) a “10-percent shareholder” within the meaning of Section 881(c)(3)(B) of the Code, or (iii) a “controlled foreign corporation” within the meaning of
Section 881(c)(3)(C) of the Code. 
  

			
	[NAME OF LENDER]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                    , 20     

 EXHIBIT E 

FORM OF INTERCREDITOR AGREEMENT 

This INTERCREDITOR AGREEMENT (this “Agreement”) is dated as of February 3, 2011 and entered into by and between DEUTSCHE
BANK TRUST COMPANY AMERICAS, in its capacity as collateral agent under the ABL Credit Agreement, including its successors and assigns in such capacity from time to time (the “Initial ABL Facility Collateral Agent”), and WELLS FARGO
BANK, NATIONAL ASSOCIATION, as Trustee (the “Trustee”), not in its individual capacity, but solely in its capacity as trustee and collateral agent under the Senior Secured Notes Indenture and (as the case may be) as collateral agent
for and representative hereunder of the holders of the Additional Pari Passu Notes Obligations, including in each case its successors and assigns in such capacity from time to time (in such capacities, the “Senior Secured Notes
Agent”) and is acknowledged and agreed by BI-LO HOLDING, LLC, a Delaware limited liability company (“Holdings”), BI-LO FINANCE CORP, a Delaware corporation (“Bi-Lo Finance”), BI-LO, LLC, a Delaware limited
liability company (the “Company” and, together with Bi-Lo Finance, the “Issuers”) and the subsidiaries of Holdings listed on the signature pages hereof (together with any subsidiary that becomes a party hereto after
the date hereof, each a “Company Subsidiary” and, collectively, the “Company Subsidiaries”). Capitalized terms used in this Agreement have the meanings assigned to them in Article 1. 

RECITALS 
 Holdings, the
Issuers, the Company Subsidiaries, the ABL Lenders, the Initial ABL Facility Collateral Agent and the other agents party thereto have entered into that certain ABL Credit Agreement, dated as of February 3, 2011 (as amended, restated,
supplemented, modified, replaced, or refinanced from time to time, the “Initial ABL Credit Agreement”); 
 The Issuers have
issued, or will issue, their 9.25% senior secured notes due 2019 in an aggregate principal amount of $285,000,000 (the “Initial Senior Secured Notes”) under an Indenture, dated as of February 3, 2011 (as amended, restated,
supplemented, modified, replaced, or refinanced from time to time, the “Senior Secured Notes Indenture”) among the Issuers, Holdings, each Company Subsidiary and the Trustee; 

The Issuers may from time to time following the date hereof issue Additional Pari Passu Notes Obligations to the extent permitted by the ABL
Credit Agreement and the Senior Secured Notes Indenture; and 
 In order to induce the ABL Facility Collateral Agent and the other ABL
Claimholders to consent to the Grantors incurring the Senior Secured Note Obligations and granting the Liens to the Senior Secured Notes Agent and in order to induce the Senior Secured Notes Agent and the other Senior Secured Note Claimholders to
consent to the Grantors incurring the ABL Obligations and granting the Liens to the ABL Facility Collateral Agent, the ABL Facility Collateral Agent, on behalf of the ABL Claimholders, and the Senior Secured Notes Agent, on behalf of the Senior
Secured Note Claimholders, have agreed to the relative priority of their respective Liens on the Collateral and certain other rights, priorities and interests as set forth in this Agreement. 

 AGREEMENT 

In consideration of the foregoing, the mutual covenants and obligations herein set forth and for other good and valuable consideration, the
sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

ARTICLE I 
 Definitions 

Section 1.1 Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 

“ABL Claimholders” means, at any relevant time, the holders of ABL Obligations at that time, including, without limitation,
the ABL Lenders, the ABL Facility Collateral Agent and the other agents under the ABL Credit Agreement, the Bank Product Providers and any ABL Secured Hedging Creditors. 

“ABL Collateral” means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which
a Lien is granted (or purported to be granted) as security for any ABL Obligations. 
 “ABL Credit Agreement” means,
collectively, (a) the Initial ABL Credit Agreement and (b) any other credit agreement or credit agreements, one or more debt facilities or commercial paper facilities, in each case, with banks or other lenders providing for revolving
credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from (or sell such receivables to) such lenders), letters of credit, bankers’
acceptances, or other borrowings, that have been incurred to increase, replace (whether upon or after termination or otherwise), refinance or refund in whole or in part from time to time the Obligations outstanding under the Initial ABL Credit
Agreement or any other agreement or instrument referred to in this clause, whether or not such increase, replacement, refinancing or refunding occurs (i) with the original parties thereto, (ii) on one or more separate occasions or
(iii) simultaneously or not with the termination or repayment of the Initial ABL Credit Agreement or any other agreement or instrument referred to in this clause, unless such agreement or instrument expressly provides that it is not intended to
be and is not an ABL Credit Agreement, or such agreement or instrument is not a Permitted Refinancing Agreement. Any reference to the ABL Credit Agreement hereunder shall be deemed a reference to any ABL Credit Agreement then in existence. 

“ABL Default” means an “Event of Default” (as defined in the ABL Credit Agreement). 

“ABL Facility Collateral Agent” means the Initial ABL Facility Collateral Agent and any successor or other agent in such
capacity under any ABL Credit Agreement. 
 “ABL Lenders” means the “Lenders” under and as defined in the ABL
Credit Agreement and any other Person which extends credit under the ABL Credit Agreement (including as letter of credit issuer). 

  
 Page 2 

 “ABL Loan Documents” means the ABL Credit Agreement, the “Credit
Documents” (as defined in the ABL Credit Agreement), each Bank Product Agreement, each ABL Secured Hedging Agreement and each of the other agreements, documents and instruments executed pursuant thereto, and any other document or instrument
executed or delivered at any time in connection with any such agreements, including any intercreditor or joinder agreement among holders of ABL Obligations, to the extent such are effective at the relevant time, as each may be amended, restated,
supplemented, modified, renewed, extended or Refinanced from time to time in accordance with the provisions of this Agreement. 

“ABL Mortgages” means a collective reference to each mortgage, deed of trust, deed to secure debt and other document or
instrument under which any Lien on real property owned or leased by any Grantor is granted to secure any ABL Obligations or under which rights or remedies with respect to any such Liens are governed. 

“ABL Obligations” means, collectively, all “Obligations” as that term is defined in the ABL Credit Agreement, all
Bank Product Debt and all ABL Secured Hedging Obligations. “ABL Obligations” shall include all interest, fees and expenses accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after
commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant ABL Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. 

“ABL Priority Collateral” means all now-owned or hereafter acquired ABL Collateral that constitutes: 

(a) all Accounts (and all rights to receive payments, indebtedness and other obligations (whether constituting an Account, Chattel Paper
(including Electronic Chattel Paper), Instrument, Document or General Intangible)), other than Accounts which constitute identifiable Proceeds which arise from the sale, license, assignment or other disposition of Senior Secured Notes Priority
Collateral; 
 (b) all Chattel Paper, other than Chattel Paper which constitutes identifiable proceeds of Senior Secured Notes Priority
Collateral; 
 (c) all (x) Deposit Accounts, collection accounts, disbursement accounts and lock boxes (other than the Senior
Secured Notes Collateral Account and Senior Secured Notes Trust Monies) and money and all cash, checks, other negotiable instruments, funds and other evidences of payments held therein or credited thereto (other than the Senior Secured Notes
Collateral Account and Senior Secured Notes Trust Monies), (y) Securities Accounts (other than the Senior Secured Notes Collateral Account and Senior Secured Notes Trust Monies) and Security Entitlements and Securities credited thereto, and all
cash, checks, marketable securities, Financial Assets and other property held therein or credited thereto, and (z) commodity accounts and all cash, marketable securities, Financial Assets and other property held therein or credited thereto;

 (d) all Inventory; 
 (e) all
Prescription Lists; 

  
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 (f) all Payment Intangibles (including corporate and other tax refunds); 

(g) to the extent relating to, evidencing or governing any of the items referred to in the preceding clauses (a) through
(f) constituting ABL Priority Collateral, all Documents, General Intangibles (other than Intellectual Property except as set forth in clause (e) above), Instruments (including promissory notes), Commercial Tort Claims or other claims and
causes of action, documents of title, customs receipts, insurance, shipping and other documents and other materials related to the foregoing (including to the purchase or import of any Inventory); 

(h) all Investment Property (other than Capital Stock of the Company or any Subsidiary thereof or BG Cards, LLC, a South Carolina limited
liability company); 
 (i) to the extent relating to any of the items referred to in the preceding clauses (a) through
(h) constituting ABL Priority Collateral, all Supporting Obligations, Letter-of-Credit rights, related letters of credit, guaranties and collateral liens; 

(j) all books and records relating to the items referred to in the preceding clauses (a) through (i) (including all books,
databases, customer lists, and records, whether tangible or electronic, which contain any information relating to any of the items referred to in the preceding clauses (a) through (i)); and 

(k) all substitutions, replacements, accessions, products and Proceeds of any of the foregoing, including collateral security and
guarantees with respect to any of the foregoing and all cash, Money, insurance proceeds, Instruments, Securities, Financial Assets, income, royalties, payments, licensing, damages and Deposit Accounts constituting Proceeds of the foregoing. 

“ABL Secured Heding Agreement” means “Secured Hedging Agreement” as such term is defined in the applicable ABL Loan
Documents. 
 “ABL Secured Heding Creditors” means “Lender Counterparties” as such term is defined in the ABL
Credit Agreement. 
 “ABL Secured Heding Obligations” means “Secured Hedging Obligations” as such term is defined
in the ABL Credit Agreement. 
 “ABL Security Documents” means any agreement, document or instrument pursuant to which a
Lien is granted (or purported to be granted) securing any ABL Obligations or under which rights or remedies with respect to such Liens are governed. 

“Access Period” means for each parcel of Mortgaged Premises, the period, after the commencement of an Enforcement Period by
the ABL Facility Collateral Agent, which begins on the earlier of (a) the day on which the ABL Facility Collateral Agent provides the Senior Secured Notes Agent with the written notice of its election to request access pursuant to
Section 3.3(b) and (b) the fifth Business Day after the Senior Secured Notes Agent provides the ABL Facility Collateral Agent with notice that the Senior Secured Notes Agent (or its agent) has obtained possession or control of such
parcel and ends on the earlier of (i) the 270th day after the date (the “Initial Access Date”) on which the ABL Facility Collateral Agent, or its designee, 

  
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initially obtains the ability to take physical possession of, remove, or otherwise control physical access to, or actually uses, the ABL Collateral located on such Mortgaged Premises plus
such number of days, if any, after the Initial Access Date that it is stayed or otherwise prohibited by law or court order from exercising remedies with respect to Collateral located on such Mortgaged Premises, and (ii) the termination of such
Enforcement Period. 
 “Account Agreements” means any lockbox account agreement, pledged account agreement, blocked account
agreement, securities account control agreement, or any similar deposit or securities account agreements among the Senior Secured Notes Agent and/or the ABL Facility Collateral Agent, one or more Grantors and the relevant financial institution
depository or securities intermediary. 
 “Accounts” means all now present and future “accounts” (as defined in
Article 9 of the UCC). 
 “Additional Pari Passu Notes Agent” means the Person appointed to act as trustee, agent or
representative for the holders of Additional Pari Passu Notes Obligations pursuant to any Additional Pari Passu Notes Agreement, it being understood and agreed that no Additional Pari Passu Notes Agent (if other than the Senior Secured Notes Agent)
shall hold any Lien on Collateral. 
 “Additional Pari Passu Notes Agreement” means the indenture, credit agreement or
other agreement under which any Additional Pari Passu Notes Obligations are incurred. 
 “Additional Pari Passu Notes
Obligations” means Indebtedness of the Grantors issued following the date of this Agreement to the extent (a) such Indebtedness is permitted by the terms of the ABL Credit Agreement to be secured by Liens on the Collateral ranking
pari passu with the Liens securing the Senior Secured Note Obligations, (b) the Grantors have granted Liens on the Collateral to secure the obligations in respect of such Indebtedness, and (c) the Additional Pari Passu Notes Agent,
for the holders of such Indebtedness, has executed a joinder agreement to the Senior Secured Note Security Agreement in the form attached thereto (or other form reasonably satisfactory to the Senior Secured Notes Agent) agreeing on behalf of itself
and such holders to (i) be bound by the terms of this Agreement applicable to them, (ii) appoint the Senior Secured Notes Agent to act as their collateral agent and representative hereunder and (iii) be bound by the pari passu
intercreditor provisions contained in the Senior Secured Note Security Documents entered into in connection with the Senior Secured Notes Indenture (which provisions are binding on the Senior Secured Note Claimholders only). 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, controls or is controlled by or is under common control with the Person specified. For purposes of this definition, a Person shall be deemed to “control” or be “controlled by” a Person if such Person
possesses, directly or indirectly, power to direct or cause the direction of the management or policies of such Person whether through ownership of equity interests, by contract or otherwise. 

“Agents” means the ABL Facility Collateral Agent and the Senior Secured Notes Agent. 

  
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 “Agreement” means this Intercreditor Agreement, as amended, restated, renewed,
extended, supplemented or otherwise modified from time to time. 
 “Bank Product Agreement” means “Treasury Services
Agreement” as such term is defined in the ABL Credit Agreement. 
 “Bank Product Debt” means “Treasury Services
Obligations” as such term is defined in the ABL Credit Agreement. 
 “Bank Product Provider” means “Treasury
Services Creditor” as such term is defined in the ABL Credit Agreement. 
 “Bank Products” means “Treasury
Services” as such term is defined in the applicable ABL Security Documents. 
 “Bankruptcy Code” means Title 11 of the
United States Code entitled “Bankruptcy,” as now and hereafter in effect, or any successor statute. 
 “Bankruptcy
Law” means the Bankruptcy Code and any similar federal, state or foreign law for the relief of debtors. 
 “Bi-Lo
Finance” has the meaning assigned to that term in the Preamble to this Agreement. 
 “Business Day” means a day
that is a “Business Day” under both the Senior Secured Notes Indenture and the ABL Credit Agreement. 
 “Capital
Stock” means (a) in the case of a corporation, capital stock, (b) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock,
(c) in the case of a partnership, partnership interests (whether general or limited), (d) in the case of a limited liability company, membership interests and (e) any other interest or participation that confers on a Person the right
to receive a share of the profits and losses of, or distributions of assets of, the issuing Person and all rights, warrants or options exchangeable for or convertible into any of the items described in clauses (a) through (e) above;
provided that with respect to the foregoing, Capital Stock shall exclude any debt securities convertible into Capital Stock, whether or not such debt securities include any right of vote or participation with Capital Stock. 

“Chattel Paper” means all present and future “chattel paper” (as defined in Article 9 of the UCC). 

“Claimholder” means any Senior Secured Note Claimholder or ABL Claimholder, as applicable. 

“Collateral” means any and all of the assets and property of any Grantor, whether real, personal or mixed, which constitute
ABL Collateral or Senior Secured Note Collateral. 

  
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 “Commercial Tort Claims” means all present and future “commercial tort
claims” (as defined in Article 9 of the UCC). 
 “Company” has the meaning assigned to that term in the Preamble to
this Agreement. 
 “Company Subsidiary” has the meaning assigned to that term in the Preamble to this Agreement. 

“Conforming Plan of Reorganization” means any Plan of Reorganization whose provisions are consistent with the provisions of
this Agreement. 
 “Deposit Accounts” means all present and future “deposit accounts” (as defined in Article 9 of
the UCC). 
 “DIP Financing” has the meaning assigned to that term in Section 6.1. 

“Discharge of ABL Obligations” means: 

(a) payment in full in cash of all ABL Obligations (other than (i) contingent obligations or contingent indemnification obligations except
as provided in clause (e) below, (ii) ABL Obligations constituting Bank Product Debt and ABL Secured Hedging Obligations except as provided in clause (d) below and (iii) undrawn amounts in respect of Letters of Credit except as
provided in clause (c) below); 
 (b) termination or expiration of all commitments, if any, to extend credit that would constitute
ABL Obligations; 
 (c) termination, cash collateralization (in an amount and manner reasonably satisfactory to the ABL Facility
Collateral Agent, but in no event greater than 105% of the aggregate undrawn face amount, plus commissions, fees and expenses) or backstop of all Letters of Credit issued under the ABL Credit Agreement in compliance with the terms of the ABL
Credit Agreement; 
 (d) the provision of credit support (which may include cash collateralization or support by a letter of credit
therefor) for any ABL Obligations constituting Bank Product Debt or ABL Secured Hedging Obligations (in an amount and manner and, if other than pursuant to cash collateralization, of a kind reasonably satisfactory to the providers of such Bank
Product Debt or ABL Secured Hedging Obligations, as applicable); and 
 (e) the provision of credit support (which may include cash
collateralization or support by a letter of credit) for any costs, expenses and contingent indemnification obligations consisting of ABL Obligations not yet due and payable but with respect to which a claim has been threatened or asserted under any
ABL Loan Documents (in an amount and manner and, if other than pursuant to cash collateralization, of a kind reasonably satisfactory to the ABL Facility Collateral Agent). 

  
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 “Discharge of Senior Secured Note Obligations” means payment in full in cash of
all Senior Secured Note Obligations, satisfaction and discharge of the Senior Secured Notes Indenture and any Additional Pari Passu Notes Agreement or legal or covenant defeasance of the Senior Secured Notes Indenture and any Additional Pari Passu
Notes Agreement (other than obligations that expressly survive such satisfaction and discharge or legal or covenant defeasance). 

“Disposition” means any sale, lease, exchange, transfer or other disposition of any Collateral. 

“Documents” means all present and future “documents” (as defined in Article 9 of the UCC. 

“Enforcement” means, collectively or individually for one or both of the ABL Facility Collateral Agent and the Senior Secured
Notes Agent, when an ABL Default or Senior Secured Note Default, as applicable, has occurred and is continuing, to enforce or attempt to enforce any right or power to repossess, replevy, attach, garnish, levy upon, collect the Proceeds of, foreclose
or realize in any manner whatsoever its Lien upon, sell, liquidate or otherwise dispose of, or otherwise restrict or interfere with the use of, or exercise any remedies with respect to, or conduct any Going Out of Business Sale with respect to, any
material amount of Collateral, whether by judicial enforcement of any of the rights and remedies under the ABL Loan Documents, the Senior Secured Note Documents and/or under any applicable law, by self-help repossession, by non-judicial foreclosure
sale, lease, or other Disposition, by set-off, by notification to account obligors of any Grantor, by any sale, lease, or other Disposition implemented by any Grantor following an ABL Default or a Senior Secured Note Default, as applicable, in
connection with which the ABL Facility Collateral Agent or the Senior Secured Notes Agent, as applicable, has agreed to release its Liens on the subject property, or otherwise, but in all cases excluding (i) the establishment of borrowing base
reserves, collateral ineligibles, or other conditions for advances, (ii) the changing of advance rates or advance sublimits, (iii) the imposition of a default rate or late fee, (iv) the collection and application of Accounts or other
monies deposited from time to time in Deposit Accounts or Securities Accounts, in each case, to the extent constituting ABL Priority Collateral, against the ABL Obligations pursuant to the provisions of the ABL Loan Documents (including, without
limitation, the notification of account debtors, depositary institutions or any other Person to deliver proceeds of Collateral to the ABL Facility Collateral Agent or any “cash dominion event” or mandatory prepayment event under the ABL
Loan Documents), (v) the cessation of lending pursuant to the provisions of the ABL Loan Documents, including upon the occurrence of a default on the existence of an over-advance, (vi) the filing of a proof of claim in any Insolvency or
Liquidation Proceeding, (vii) the consent by the ABL Facility Collateral Agent to Disposition by any Grantor of any of the ABL Priority Collateral, (viii) the consent by the Senior Secured Notes Agent to Disposition by any Grantor of any
Senior Secured Notes Priority Collateral and (ix) the acceleration of the Senior Secured Note Obligations or the ABL Obligations. 

“Enforcement Notice” means a written notice delivered, at a time when an ABL Default or Senior Secured Note Default has
occurred and is continuing, by either the ABL Facility Collateral Agent or the Senior Secured Notes Agent to the other announcing that an Enforcement Period has commenced and specifying the relevant event of default. 

  
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 “Enforcement Period” means the period of time following the receipt by either
the ABL Facility Collateral Agent or the Senior Secured Notes Agent of an Enforcement Notice from the other until the earliest of (a) in the case of an Enforcement Period commenced by the Senior Secured Notes Agent, the Discharge of Senior
Secured Note Obligations, (b) in the case of an Enforcement Period commenced by the ABL Facility Collateral Agent, the Discharge of ABL Obligations, (c) the date on which the ABL Facility Collateral Agent or the Senior Secured Notes Agent
(as applicable) agrees in writing to terminate the Enforcement Period commenced by it, or (d) the date on which the ABL Default or the Senior Secured Note Default that was the subject of the Enforcement Notice relating to such Enforcement
Period has been cured to the satisfaction of the ABL Facility Collateral Agent or the Required Senior Secured Note Claimholders, as applicable, or waived in writing. 

“Equipment” means, as to each Grantor, all of such Grantor’s now owned and hereafter acquired equipment, as defined in
Article 9 of the UCC. 
 “Financial Assets” means all present and future “financial assets” (as defined in
Article 8 of the UCC). 
 “General Intangibles” means all present and future “general intangibles” (as defined in
Article 9 of the UCC). 
 “Going Out of Business Sale” means, following the occurrence and during the continuance of any
ABL Default, any sale or liquidation of the ABL Priority Collateral consented to by the ABL Facility Collateral Agent for purposes of permitting the Grantors to obtain funds to permanently repay the ABL Obligations in whole or in part. 

“Governmental Authority” means any federal, state, municipal, national or other government, governmental department,
commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity or officer exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government or any
court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government. 

“Grantors” means Holdings, the Issuers, each Company Subsidiary and each other Person that has or may from time to time
hereafter execute and deliver an ABL Security Document or a Senior Secured Note Security Document as a grantor of a security interest (or the equivalent thereof). 

“Holdings” has the meaning assigned to that term in the Preamble to this Agreement. 

“Indebtedness” means and includes all Obligations that constitute “Debt,” “Indebtedness,”
“Obligations,” “Liabilities” or any similar term within the meaning of the ABL Credit Agreement or the Senior Secured Notes Indenture, as applicable. 

“Initial ABL Credit Agreement” has the meaning assigned to that term in the Recitals. 

  
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 “Initial Access Date” has the meaning assigned to that term in the definition of
the term “Access Period.” 
 “Initial Senior Secured Notes” has the meaning assigned to that term in the
Recitals. 
 “Initial Use Date” has the meaning assigned to that term in the definition of the term “Use Period.”

 “Insolvency or Liquidation Proceeding” means: 

(a) any voluntary or involuntary case or proceeding under the Bankruptcy Code with respect to any Grantor; 

(b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership, liquidation,
reorganization or other similar case or proceeding with respect to any Grantor or with respect to a material portion of their respective assets; 

(c) any composition of liabilities or similar arrangement relating to any Grantor, whether or not under a court’s jurisdiction or
supervision; 
 (d) any liquidation, dissolution, reorganization or winding up of any Grantor, whether voluntary or involuntary, whether
or not under a court’s jurisdiction or supervision, and whether or not involving insolvency or bankruptcy; or 
 (e) any general
assignment for the benefit of creditors or any other marshalling of assets and liabilities of any Grantor. 
 “Instruments”
means all present and future “instruments” (as defined in Article 9 of the UCC). 
 “Intellectual Property”
means, all of the following in any jurisdiction throughout the world: (a) patents, patent applications and inventions, including all renewals, extensions, combinations, divisions, or reissues thereof (“Patents”);
(b) trademarks, service marks, trade names, trade dress, logos, internet domain names and other business identifiers, together with the goodwill symbolized by any of the foregoing, and all applications, registrations, renewals and extensions
thereof (“Trademarks”); (c) copyrights and all works of authorship including all registrations, applications, renewals, extensions and reversions thereof (“Copyrights”); (d) all computer software, source
code, executable code, data, databases and documentation thereof; (e) all trade secret rights in information, including trade secret rights in any formula, pattern, compilation, program, device, method, technique, or process, that
(1) derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other Persons who can obtain economic value from its disclosure or use, and (2) is the
subject of efforts that are reasonable under the circumstances to maintain its secrecy; (f) all other intellectual property or proprietary rights in any discoveries, concepts, ideas, research and development, know-how, formulae, patterns,
inventions, compilations, compositions, manufacturing and production processes and techniques, program, 

  
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device, method, technique, technical data, procedures, designs, recordings, graphs, drawings, reports, analyses, specifications, databases, and other proprietary or confidential information,
including customer lists (other than Prescription Lists), supplier lists, pricing and cost information (other than related to Prescription Lists), business and marketing plans and proposals and advertising and promotional materials; and (g) all
rights to sue at law or in equity for any infringement or other impairment or violation thereof and all products and proceeds of the foregoing. 

“Inventory” means as to each Grantor, all of such Grantor’s now owned and hereafter existing or acquired inventory, as
defined in Article 9 of the UCC. 
 “Investment Property” means all present and future “investment property” (as
defined in Article 9 of the UCC), including, without limitation, all Capital Stock held by each of the Grantors. 

“Issuers” has the meaning assigned to that term in the Preamble to this Agreement. 

“Letter of Credit Rights” means all present and future “letter of credit rights” (as defined in Article 9 of the
UCC). 
 “Letters of Credit” means “Letters of Credit” as that term is defined in the ABL Credit Agreement. 

“Lien” means any mortgage, pledge, hypothec, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or
other), charge or other security interest or any other security agreement (including, without limitation, any conditional sale or other title retention agreement and any capital lease having substantially the same economic effect as any of the
foregoing). 
 “Money” means all present and future “money” (as defined in Article 9 of the UCC). 

“Mortgaged Premises” means any real property which shall now or hereafter be subject to a Senior Secured Note Mortgage or an
ABL Mortgage. 
 “Non-Conforming Plan of Reorganization” means any Plan of Reorganization whose provisions are inconsistent
with the provisions of this Agreement, including any plan of reorganization that purports to re-order (whether by subordination, invalidation, or otherwise) or otherwise disregard, in whole or part, the provisions of Article II (including the
Lien priorities of Section 2.1), the provisions of Article IV, or the provisions of Article VI, unless such Plan of Reorganization has been accepted by the voluntary required vote of each class of ABL Claimholders and
Senior Secured Note Claimholders. 
 “Noteholder” means the “Holders” as defined in the Indenture and any holders
of Additional Pari Passu Notes Obligations. 

  
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 “Obligations” means, as applicable, all ABL Obligations and all Senior Secured
Note Obligations. 
 “Officer” means the chairman of the board of directors, the chief executive officer, chief financial
officer, the president, any executive vice president, senior vice president or vice president, the treasurer or the secretary of the Company. 

“Officer’s Certificate” means a certificate signed on behalf of the Company by an Officer of the Company, who must be
the principal executive officer, the principal financial officer or the principal accounting officer of the Company, that meets the requirements set forth herein and in the Senior Secured Notes Indenture. 

“Permitted Refinancing” means any Refinancing the governing documentation of which constitutes Permitted Refinancing
Agreements. 
 “Permitted Refinancing Agreements” means, with respect to any of the ABL Credit Agreement, the Senior
Secured Notes or any Additional Pari Passu Notes Agreement, as applicable, any credit agreement, loan agreement, note agreement, promissory note, indenture or other agreement or instrument evidencing or governing the terms of any indebtedness or
other financial accommodation that has been incurred to increase or Refinance (whether upon or after termination or otherwise), in whole or in part the Obligations outstanding under the ABL Credit Agreement, the Senior Secured Notes or any
Additional Pari Passu Notes Agreement, whether or not such increase or Refinancing occurs (i) with the original parties thereto, (ii) on one or more separate occasions or (iii) simultaneously or not with the termination or repayment
of the ABL Credit Agreement, the Senior Secured Notes or any Additional Pari Passu Notes Agreement or any other agreement or instrument referred to in this clause, unless such agreement or instrument expressly provides that it is not intended to be
and is not a Permitted Refinancing Agreement, as such financing documentation may be amended, restated, supplemented or otherwise modified from time to time and that would not be prohibited by Section 5.3(c) or
Section 5.3(d), as applicable. 
 “Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan of
Reorganization” means any plan of reorganization, plan of liquidation, agreement for composition, or other type of plan of arrangement proposed in or in connection with any Insolvency or Liquidation Proceeding. 

“Pledged Collateral” has the meaning set forth in Section 5.4(a). 

“Prescription Lists” means any and all lists of customers and their prescription medical history, all pricing and cost
information in connection therewith and all books and records pertaining thereto. 
 “Proceeds” means all
“proceeds” (as defined in Article 9 of the UCC), including any payment or property received on account of any claim secured by Collateral in any Insolvency or Liquidation Proceeding. 

  
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 “Real Estate Asset” means, at any time of determination, any interest (fee,
leasehold or otherwise) in real property then owned by the Issuers or any other Grantor. 
 “Records” means all present and
future “records” (as defined in Article 9 of the UCC). 
 “Recovery” has the meaning set forth in
Section 6.4. 
 “Refinance” means, in respect of any Indebtedness, to refinance, extend, renew, defease, amend,
modify, supplement, restructure, replace, refund or repay, or to issue other indebtedness, in exchange or replacement for, such Indebtedness, in any case in whole or in part. “Refinanced” and “Refinancing” shall
have correlative meanings. 
 “Required Senior Secured Note Claimholders” means the holders of a majority in aggregate
principal amount of the Senior Secured Notes and any Permitted Additional Pari Passu Notes Obligations, voting as a single class in accordance with the Senior Secured Note Documents. 

“Secured Parties” means the ABL Claimholders and the Senior Secured Note Claimholders. 

“Securities Accounts” means all present and future “securities accounts” (as defined in Article 8 of the UCC),
including all monies, “uncertificated securities,” and “securities entitlements” (each as defined in Article 8 of the UCC) contained therein. 

“Security” means all present and future “Securities” (as defined in Article 8 of the UCC). 

“Security Entitlements” means all present and future “security entitlements” (as defined in Article 8 of the UCC).

 “Senior Secured Note Claimholders” means, at any relevant time, the holders of Senior Secured Note Obligations at that
time, the Trustee, each Additional Pari Passu Notes Agent and the Senior Secured Notes Agent. 
 “Senior Secured Note
Collateral” means any and all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted (or purported to be granted) as security for any Senior Secured Note Obligations. 

“Senior Secured Note Default” means an “Event of Default” as defined in the Senior Secured Notes Indenture or in
any Additional Pari Passu Notes Agreement. 
 “Senior Secured Note Documents” means the Senior Secured Notes Indenture, the
Senior Secured Notes, each Additional Pari Passu Notes Agreement, the Senior Secured Note Security Documents and each of the other agreements, documents and instruments executed pursuant thereto, and any other document or instrument executed or
delivered at any time in connection with any Senior Secured Note Obligations, including any intercreditor or joinder agreement among holders of Senior Secured Note Obligations to the extent such are effective at the relevant time, as each may be
amended, restated, supplemented, modified, renewed, extended or Refinanced from time to time in accordance with the provisions of this Agreement. 

  
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 “Senior Secured Note Mortgages” means a collective reference to each mortgage,
deed of trust, deed to secure debt, and any other document or instrument under which any Lien on real property owned or leased by any Grantor is granted (or purported to be granted) to secure any Senior Secured Note Obligations or under which rights
or remedies with respect to any such Liens are governed. 
 “Senior Secured Note Obligations” means, collectively, all
“Obligations” as that term is defined in the Senior Secured Note Documents and all Additional Pari Passu Notes Obligations in each case in respect of the Senior Secured Note Documents. “Senior Secured Note Obligations” shall
include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant
Senior Secured Note Document or Additional Pari Passu Notes Agreement, whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding. 

“Senior Secured Note Security Agreement” means the Security Agreement, dated as of February 3, 2011, by and among
Holdings, the Issuers, the Company Subsidiaries, the Trustee and the Senior Secured Notes Agent, as the same may be amended, modified, restated, supplemented or replaced from time to time in accordance with its terms. 

“Senior Secured Note Security Documents” means any agreement, document or instrument pursuant to which a Lien is granted (or
purported to be granted) securing any Senior Secured Note Obligations or under which rights or remedies with respect to such Liens are governed. 

“Senior Secured Notes” means, collectively, (a) the Initial Senior Secured Notes and (b) any other credit
agreement, loan agreement, note agreement, promissory note, indenture or other agreement or instrument evidencing or governing the terms of any indebtedness or other financial accommodation that has been incurred to Refinance in whole or in part the
Senior Secured Note Obligations outstanding under the Initial Senior Secured Notes or any other agreement or instrument referred to in this clause, unless such agreement or instrument expressly provides that it is not intended to be and is not a
Senior Secured Note, or such agreement or instrument is not a Permitted Refinancing Agreement. Any reference to the Senior Secured Notes hereunder shall be deemed a reference to any Senior Secured Notes then in existence. 

“Senior Secured Notes Agent” has the meaning assigned to that term in the Preamble of this Agreement. 

“Senior Secured Notes Collateral Account” means any deposit account or securities account required to be established pursuant
to the Senior Secured Note Documents for purposes of holding only Senior Secured Notes Priority Collateral pending application as required under the Senior Secured Note Documents (it being understood that ABL Priority Collateral deposited in a
Senior Secured Notes Collateral Account shall continue to be ABL Priority Collateral). 

  
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 “Senior Secured Notes Indenture” has the meaning assigned to that term in the
Recitals to this Agreement. 
 “Senior Secured Notes Priority Collateral” means all now owned or hereafter acquired Senior
Secured Note Collateral that constitutes: 
 (a) Real Estate Assets; 

(b) Intellectual Property (other than Prescription Lists); 

(c) Senior Secured Notes Trust Monies; 

(d) the Senior Secured Notes Collateral Account; 

(e) Investment Property (except constituting ABL Priority Collateral); 

(f) Equipment and Fixtures; 

(g) General Intangibles (other than General Intangibles constituting ABL Priority Collateral); 

(h) Supporting Obligations to the extent arising out of, or related to, or derivative of, the property or interests described in this
definition (other than ABL Priority Collateral); 
 (i) contracts, contract rights and other General Intangibles, Commercial Tort
Claims, Documents, Chattel Paper, and Instruments (including promissory notes), in each case, to the extent arising out of, or related to, or derivative of the property or interests in property described in this definition (other than ABL Priority
Collateral); 
 (j) books and records relating to the items referred to in the preceding clauses (a) though (i) constituting
Senior Secured Notes Priority Collateral (including books, databases, data processing software, customer lists, engineer drawings, and Records, whether tangible or electronic, which contain any information relating to any of the items referred to in
the preceding clauses (a) through (i) constituting Senior Secured Notes Priority Collateral); 
 (k) Accounts which constitute
identifiable Proceeds from the sale, license, assignment or other disposition of any of the property described in the foregoing clauses (a) through (j) constituting Senior Secured Notes Priority Collateral; 

(l) subject to Section 3.5, all other Collateral for the Senior Secured Note Obligations other than ABL Priority Collateral;
and 
 (m) subject to Section 3.5, all substitutions, replacements, accessions, products and Proceeds of any of the
foregoing Senior Secured Notes Priority Collateral, including collateral security and guarantees with respect to any of the constituting Senior Secured Notes Priority Collateral and all cash, Money, insurance proceeds, Instruments, Securities,
Financial Assets and Deposit Accounts constituting Proceeds of the foregoing Senior Secured Notes Priority Collateral. 

  
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 “Senior Secured Notes Trust Monies” means Senior Secured Notes Priority
Collateral required pursuant to the Senior Secured Note Documents to be deposited into the Senior Secured Notes Collateral Account. 

“Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association, joint
venture or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons
(whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by that Person
or one or more of the other Subsidiaries of that Person or a combination thereof. 
 “Supporting Obligations” means all
present and future “supporting obligations” (as defined in Article 9 of the UCC). 
 “UCC” means the Uniform
Commercial Code (or any similar equivalent legislation) as in effect from time to time in the State of New York; provided, however, that, at any time, if by reason of mandatory provisions of law, any or all of the perfection or
priority of the Agents’ security interest in any item or portion of the Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other that the State of New York, the term “UCC” shall mean the
Uniform Commercial Code as in effect, at such time, in such other jurisdiction for purposes of the provisions hereof relating to such perfection or priority and for purposes of definitions relating to such provisions. 

“Use Period” means, with respect to the Senior Secured Notes Priority Collateral, the period, after the commencement of an
Enforcement Period by the ABL Facility Collateral Agent, which begins on the earlier of (a) the day on which the ABL Facility Collateral Agent provides the Senior Secured Notes Agent with an Enforcement Notice and (b) the fifth Business
Day after the Senior Secured Notes Agent provides the ABL Facility Collateral Agent with notice that the Senior Secured Notes Agent (or its agent) has obtained possession or control of such Collateral and ends on the earlier of (i) the 270th
day after the date (the “Initial Use Date”) on which the ABL Facility Collateral Agent, or its designee, initially obtains the ability to take physical possession of, remove, or otherwise control physical access to, or actually
uses, such Senior Secured Notes Priority Collateral plus such number of days, if any, after the Initial Use Date that it is stayed or otherwise prohibited by law or court order from exercising remedies with respect to such Senior Secured
Notes Priority Collateral and (ii) the termination of such Enforcement Period. 

  
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 Section 1.2 Terms Generally. The definitions of terms in this Agreement shall apply
equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise:

 (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring
to such agreement, instrument or other document as from time to time amended, restated, supplemented, modified, renewed or extended; 

(b) any reference herein to any Person shall be construed to include such Person’s permitted successors and assigns;

 (c) the words “herein,” “hereof’ and “hereunder,” and words of similar import, shall be
construed to refer to this Agreement in its entirety and not to any particular provision hereof; 
 (d) all references
herein to Sections or Articles shall be construed to refer to Sections or Articles of this Agreement; 
 (e) all
uncapitalized terms have the meanings, if any, given to them in the UCC, as now or hereafter enacted in the State of New York (unless otherwise specifically defined herein); 

(f) the words “asset” and “property” shall be construed to have the same meaning and effect and to
refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights; 

(g) any reference herein to a Person in a particular capacity or capacities excludes such Person in any other capacity or
individually; 
 (h) any reference herein to any law shall be construed to refer to such law as amended, modified,
codified, replaced, or re-enacted, in whole or in part, and in effect on the pertinent date; and 
 (i) in the
compilation of periods of time hereunder from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to, but not through or
including.” 
 ARTICLE II 

Lien Priorities 

Section 2.1 Relative Priorities. Irrespective of the date, time, method, manner or order of grant, attachment or perfection of any
Liens securing the Senior Secured Note Obligations granted on the Collateral or of any Liens securing the ABL Obligations granted on the Collateral (including, in each case, irrespective of whether any such Lien is granted (or secures Obligations
relating to the period) before or after the commencement of any Insolvency or Liquidation Proceeding) and notwithstanding any provision of any UCC, or any other applicable law, or the ABL Loan Documents or the Senior Secured Note Documents, the ABL
Facility Collateral Agent, on behalf of the ABL Claimholders, and the Senior Secured Notes Agent, on behalf of the Senior Secured Note Claimholders, hereby agree that: 

  
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 (a) any Lien of the ABL Facility Collateral Agent on the ABL Priority Collateral
securing the ABL Obligations, whether such Lien is now or hereafter held by or on behalf of the ABL Facility Collateral Agent or any other ABL Claimholder or any other agent or trustee therefor, regardless of how or when acquired, whether by grant,
possession, statute, operation of law, subrogation or otherwise, shall be senior in all respects and prior to any Lien on the ABL Priority Collateral securing any Senior Secured Note Obligations; 

(b) any Lien of the Senior Secured Notes Agent on the Senior Secured Notes Priority Collateral securing the Senior Secured
Note Obligations, whether such Lien is now or hereafter held by or on behalf of the Senior Secured Notes Agent, any other Senior Secured Note Claimholder or any other agent or trustee therefor, regardless of how or when acquired, whether by grant,
possession, statute, operation of law, subrogation or otherwise, shall be senior in all respects to all Liens on the Senior Secured Notes Priority Collateral securing any ABL Obligations; 

(c) any Lien with respect to the ABL Priority Collateral securing any Senior Secured Note Obligations now or hereafter
held by or on behalf of, or created for the benefit of, the Senior Secured Notes Agent, any Senior Secured Note Claimholders or any agent or trustee therefor, regardless of how or when acquired, whether by grant, possession, statute, operation of
law, subrogation or otherwise, shall be junior and subordinate in all respects to all Liens with respect to the ABL Priority Collateral securing any ABL Obligations; and 

(d) any Lien with respect to the Senior Secured Notes Priority Collateral securing any ABL Obligations now or hereafter
held by or on behalf of, or created for the benefit of, ABL Facility Collateral Agent, any ABL Claimholders or any agent or trustee therefor, regardless of how or when acquired, whether by grant, possession, statute, operation of law, subrogation or
otherwise, shall be junior and subordinate in all respects to all Liens with respect to the Senior Secured Notes Priority Collateral securing any Senior Secured Note Obligations. 

The subordination of Liens provided for in this Agreement shall continue to be effective with respect to any part of the Collateral from and
after the date hereof whether such Liens are declared, or ruled to be, invalid, unenforceable, void or not allowed by a court of competent jurisdiction, as a result of any action taken by Senior Secured Notes Agent or the ABL Facility Collateral
Agent, as applicable, or any failure by such Person to take any action, with respect to any financing statement (including any amendment to or continuation thereof), mortgage or other perfection document. 

Section 2.2 Prohibition on Contesting Liens. Each of the Senior Secured Notes Agent, on behalf of each Senior Secured Note
Claimholder, and the ABL Facility Collateral Agent, on behalf of each ABL Claimholder, consents to the granting of Liens in favor of the other to secure the ABL Obligations and the Senior Secured Note Obligations, as applicable, and

  
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agrees that no Claimholder will be entitled to, and it will not (and shall be deemed to have irrevocably, absolutely, and unconditionally waived any right to), contest (directly or indirectly) or
support (directly or indirectly) any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding): (a) the attachment, perfection, priority, validity or enforceability of any Lien in the Collateral held by
or on behalf of any of the ABL Claimholders to secure the payment of the ABL Obligations or any of the Senior Secured Note Claimholders to secure the payment of the Senior Secured Note Obligations, (b) the priority, validity or enforceability
of the ABL Obligations or the Senior Secured Note Obligations, including the allowability or priority of the Senior Secured Note Obligations or the ABL Obligations, as applicable, in any Insolvency or Liquidation Proceeding, or (c) the validity
or enforceability of the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of the ABL Facility Collateral Agent, on behalf of the ABL Claimholders, or the Senior Secured
Notes Agent, on behalf of the Senior Secured Note Claimholders, to enforce this Agreement, including the provisions of this Agreement relating to the priority of the Liens securing the Obligations as provided in Sections 2.1, 3.1,
3.2 and 6.1. 
 Section 2.3 No New Liens. So long as neither the Discharge of ABL Obligations nor the Discharge of
Senior Secured Note Obligations has occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against one or more of the Issuers or any other Grantor, the parties hereto agree, subject to Article VI, that the
Issuers shall not, and shall not permit any other Grantor to: 
 (a) grant, permit or suffer to exist any additional Liens on
any asset or property to secure any Senior Secured Note Obligations unless it has granted or concurrently grants a Lien on such asset or property to secure the ABL Obligations; or 

(b) grant, permit or suffer to exist any additional Liens on any asset or property to secure any ABL Obligations unless it
has granted or concurrently grants a Lien on such asset or property to secure the Senior Secured Note Obligations. 
 To the extent any additional Liens are
granted on any asset or property pursuant to this Section 2.3, the priority of such additional Liens shall be determined in accordance with Section 2.1. In addition, to the extent that the foregoing provisions are not
complied with for any reason, without limiting any other rights or remedies available hereunder, the ABL Facility Collateral Agent, on behalf of the ABL Claimholders, and the Senior Secured Notes Agent, on behalf of Senior Secured Note Claimholders,
agree that any amounts received by or distributed to any of them pursuant to or as a result of Liens granted in contravention of this Section 2.3 shall be subject to Section 4.2. 

Section 2.4 Similar Liens and Agreements. The parties hereto agree that it is their intention that the ABL Collateral and the
Senior Secured Note Collateral be identical except as provided in Article VI and as otherwise provided herein. In furtherance of the foregoing and of Section 8.8, the parties hereto agree, subject to the other provisions of this
Agreement, upon request by the ABL Facility Collateral Agent or the Senior Secured Notes Agent, to cooperate in good faith (and to direct their counsel to cooperate in good faith) from time to time in order to determine the specific items included
in the ABL Collateral and the Senior Secured Note Collateral and the steps taken to perfect their respective Liens thereon and the identity of the 

  
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respective parties obligated under the ABL Loan Documents and the Senior Secured Note Documents, provided that neither the ABL Facility Collateral Agent acting in such capacity nor the Senior
Secured Notes Agent shall have any responsibility for the existence, genuineness or value of any of the Collateral or for the validity, perfection, priority or enforceability of the Liens in any of the Collateral. 

ARTICLE III 
 Exercise of
Remedies; Enforcement 
 Section 3.1 Restrictions on the Senior Secured Notes Agent and the Senior Secured Note
Claimholders. 
 (a) Until the Discharge of ABL Obligations has occurred, whether or not any Insolvency or Liquidation Proceeding
has been commenced by or against any Grantor, the Senior Secured Notes Agent and the other Senior Secured Note Claimholders: 

(i) will not exercise or seek to exercise (but instead shall be deemed to have hereby irrevocably, absolutely and
unconditionally waived any rights, powers or remedies with respect to any ABL Priority Collateral (including (A) any right of set-off or any right under any Account Agreement, landlord waiver or bailee’s letter or similar agreement or
arrangement to which the Senior Secured Notes Agent or any Senior Secured Note Claimholder is a party, (B) any right to undertake self-help repossession or non-judicial disposition of any ABL Priority Collateral (including any partial or
complete strict foreclosure), and/or (C) any right to institute, prosecute, or otherwise maintain any action or proceeding with respect to such rights, powers or remedies (including any action of foreclosure)); 

(ii) will not, directly or indirectly, contest, protest or object to or hinder any judicial or non-judicial foreclosure
proceeding or action (including any partial or complete strict foreclosure) brought by the ABL Facility Collateral Agent or any other ABL Claimholder relating to the ABL Priority Collateral or any other exercise by the ABL Facility Collateral Agent
or any other ABL Claimholder of any other rights, powers and remedies relating to the ABL Priority Collateral, including any Disposition of the ABL Priority Collateral, whether under the ABL Loan Documents, applicable law, or otherwise; 

(iii) subject to their rights under clause (vi) of Section 3.1(c)), will not object to the forbearance by
the ABL Facility Collateral Agent or the ABL Claimholders from bringing or pursuing any Enforcement with respect to the ABL Priority Collateral; 

(iv) except as may be permitted in Section 3.1(c), irrevocably, absolutely, and unconditionally waive any and
all rights the Senior Secured Notes Agent or the Senior Secured Note Claimholders may have as a junior lien creditor or otherwise to object (and seek or be awarded any relief of any nature whatsoever based on any such objection) to the manner in
which the ABL Facility Collateral Agent or the ABL Claimholders (A) enforce or collect (or attempt to collect) the ABL Obligations or (B) realize or seek to 

  
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realize upon or otherwise enforce the Liens in and to the ABL Priority Collateral securing the ABL Obligations, regardless of whether any action or failure to act by or on behalf of the ABL
Facility Collateral Agent or ABL Claimholders is adverse to the interest of the Senior Secured Notes Agent or the Senior Secured Note Claimholders. Without limiting the generality of the foregoing, the Senior Secured Note Claimholders shall be
deemed to have hereby irrevocably, absolutely, and unconditionally waived any right to object (and seek or be awarded any relief of any nature whatsoever based on any such objection), at any time prior or subsequent to any disposition of any of the
ABL Priority Collateral, on the ground(s) that any such disposition of ABL Priority Collateral (x) would not be or was not “commercially reasonable” within the meaning of any applicable UCC and/or (y) would not or did not comply
with any other requirement under any applicable UCC or under any other applicable law governing the manner in which a secured creditor (including one with a Lien on real property) is to realize on its collateral; and 

(v) subject to Section 3.1(c), acknowledge and agree that no covenant, agreement or restriction contained in
the Senior Secured Note Security Documents or any other Senior Secured Note Document (other than this Agreement) shall be deemed to restrict in any way the rights and remedies of the ABL Facility Collateral Agent or the ABL Claimholders with respect
to the ABL Priority Collateral as set forth in this Agreement and the ABL Loan Documents; 
 provided, however, that, in the case of (i),
(ii) and (iii) above, the Liens granted to secure the Senior Secured Note Obligations of the Senior Secured Note Claimholders shall attach to any Proceeds resulting from actions taken by the ABL Facility Collateral Agent or any ABL
Claimholder with respect to the ABL Priority Collateral in accordance with this Agreement after application of such Proceeds to the extent necessary to meet the requirements of a Discharge of ABL Obligations. 

(b) Until the Discharge of ABL Obligations has occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or
against any Grantor, the ABL Facility Collateral Agent and the other ABL Claimholders shall have the right and power to enforce rights, exercise remedies (including set-off and the right to credit bid their debt) and, in connection therewith
(including voluntary Dispositions of ABL Priority Collateral by the respective Grantors after an ABL Default) make determinations regarding the release, Disposition, or restrictions with respect to the ABL Priority Collateral without any
consultation with or the consent of the Senior Secured Notes Agent or any Senior Secured Note Claimholder; provided, however, that the Lien securing the Senior Secured Note Obligations shall remain on the Proceeds (other than those
properly applied to the ABL Obligations in accordance with Section 4.1) of such Collateral released or disposed of subject to the relative priorities described in Section 2.1. In exercising rights, powers or remedies with
respect to the ABL Priority Collateral, the ABL Facility Collateral Agent and the ABL Claimholders may enforce the provisions of the ABL Loan Documents and exercise rights, powers, and/or remedies thereunder or under applicable law or otherwise, all
in such order and in such manner as they may determine in the exercise of their sole discretion. Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of the ABL Priority Collateral upon
foreclosure, to incur expenses in connection with such sale or disposition, and to exercise all the rights and remedies of a secured creditor under the UCC and of a secured creditor under the Bankruptcy Laws of any applicable jurisdiction. 

  
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 (c) Notwithstanding anything to the contrary contained herein, the Senior Secured Notes Agent and
any Senior Secured Note Claimholder may: 
 (i) file a claim or statement of interest with respect to the Senior Secured Note
Obligations; provided that an Insolvency or Liquidation Proceeding has been commenced by or against any Grantor; 

(ii) take any action (not adverse to the priority status of the Liens on the ABL Priority Collateral, or the rights of the
ABL Facility Collateral Agent or any of the ABL Claimholders to exercise rights, powers or remedies in respect thereof, including those under Article VI) in order to create, perfect, preserve or protect (but not enforce) its Lien on any of
the ABL Priority Collateral; 
 (iii) file any necessary responsive or defensive pleadings in opposition to any motion,
claim, adversary proceeding or other pleading made by any Person objecting to or otherwise seeking the disallowance of the claims of the Senior Secured Note Claimholders, including any claims secured by the ABL Priority Collateral, if any, in each
case in accordance with the terms of this Agreement; 
 (iv) vote on any Plan of Reorganization, file any proof of
claim, make other filings and make any arguments, objections and motions (including in support of or opposition to, as applicable, the confirmation or approval of any Plan of Reorganization) that are, in each case, in accordance with the terms of
this Agreement. Without limiting the generality of the foregoing or of the other provisions of this Agreement, any vote to accept, and any other act to support the confirmation or approval of, any Non-Conforming Plan of Reorganization shall be
inconsistent with and accordingly, a violation of the terms of this Agreement, and the ABL Facility Collateral Agent shall be entitled to have any such vote to accept a Non-Conforming Plan of Reorganization changed and any such support of any
Non-Conforming Plan of Reorganization withdrawn; 
 (v) to the extent the Senior Secured Claimholders acknowledge that
they hold an unsecured claim of the Grantors in respect of the Senior Secured Note Obligations, file any pleadings, objections, motions or agreements which assert rights or interests available to unsecured creditors of any Grantors arising under any
Insolvency or Liquidation Proceeding, except to the extent inconsistent with the terms of this Agreement; and 

(vi) take any action described in clauses (iii), (vi) and (viii) of the definition of
“Enforcement.” 
 The Senior Secured Notes Agent, on behalf of the Senior Secured Note Claimholders, agrees that no Senior Secured Note
Claimholder will take or receive any ABL Priority Collateral (including Proceeds) in connection with the exercise of any right, power or remedy (including set-off) with respect to ABL Priority Collateral in its capacity as a creditor in violation of
this Agreement. 

  
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 Without limiting the generality of the foregoing, unless and until the Discharge of ABL Obligations has occurred,
except as expressly provided in Section 6.7 and clause (vi) of Section 3.1(c), the sole right of the Senior Secured Notes Agent and the Senior Secured Note Claimholders with respect to the ABL Priority Collateral is to
hold a Lien on such Collateral pursuant to the Senior Secured Note Security Documents for the period and to the extent granted therein and to receive a share of the Proceeds thereof, if any, in accordance with Section 4.1. 

(d) Except as otherwise specifically set forth in Sections 3.1(a), 3.1(c), 3.4 and 3.5 and Article VI,
the Senior Secured Notes Agent and the Senior Secured Note Claimholders may exercise rights, powers or remedies with respect to the Senior Secured Notes Priority Collateral, in each case, in accordance with the terms of the Senior Secured Note
Documents and applicable law; provided, however, that in the event that the Senior Secured Notes Agent or any Senior Secured Note Claimholder becomes a judgment Lien creditor in respect of ABL Priority Collateral as a result of its
enforcement of its rights, powers or remedies with respect to the Senior Secured Note Obligations, such judgment Lien shall be subject to the terms of this Agreement for all purposes (including in relation to the ABL Obligations) as the other Liens
securing the Senior Secured Note Obligations are subject to this Agreement. 
 (e) Except as provided in Section 5.3(d), nothing
in this Agreement shall prohibit the receipt by the Senior Secured Notes Agent or any other Senior Secured Note Claimholders of the required payments of interest, principal and other amounts owed in respect of the Senior Secured Note Obligations so
long as such receipt is not the direct or indirect result of the exercise by the Senior Secured Notes Agent or any Senior Secured Note Claimholders of rights, powers or remedies as a secured creditor (including set-off) with respect to ABL Priority
Collateral or enforcement in contravention of this Agreement of any Lien held by any of them. Nothing in this Agreement impairs or otherwise adversely affects any rights, powers or remedies the ABL Facility Collateral Agent or the ABL Claimholders
may have against the Grantors under the ABL Loan Documents. 
 Section 3.2 Restrictions on the ABL Facility Collateral Agent and ABL
Claimholders. 
 (a) Until the Discharge of Senior Secured Note Obligations has occurred, whether or not any Insolvency or Liquidation
Proceeding has been commenced by or against any Grantor, subject to the limited extent provided in Article VI, the ABL Facility Collateral Agent and the other ABL Claimholders: 

(i) will not exercise or seek to exercise (but instead shall be deemed to have hereby irrevocably, absolutely and
unconditionally waived any rights, powers or remedies with respect to any Senior Secured Notes Priority Collateral (including (A) any right of set-off or any right under any Account Agreement, landlord waiver or bailee’s letter or similar
agreement or arrangement to which the ABL Facility Collateral Agent or any ABL Claimholder is a party, (B) any right to undertake self-help repossession or nonjudicial disposition of any Senior Secured Notes Priority Collateral (including any
partial or complete strict foreclosure), or (C) any right to institute, prosecute or otherwise maintain any action or proceeding with respect to such rights, powers or remedies (including any action of foreclosure)); 

  
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 (ii) will not, directly or indirectly, contest, protest or object to or hinder
any judicial or non-judicial foreclosure proceeding or action (including any partial or complete strict foreclosure) brought by the Senior Secured Notes Agent or any other Senior Secured Note Claimholder relating to the Senior Secured Notes Priority
Collateral or any other exercise by the Senior Secured Notes Agent or any other Senior Secured Note Claimholder of any rights, powers and remedies relating to the Senior Secured Notes Priority Collateral, including any Disposition of the Senior
Secured Notes Priority Collateral, whether under the Senior Secured Note Documents, applicable law, or otherwise subject to the Senior Secured Notes Agent’s and the other Senior Secured Note Claimholders’ obligations under Sections
3.3 and 3.4; 
 (iii) subject to their rights under clause (vii) of Section 3.2(c), will not
object to the forbearance by the Senior Secured Notes Agent or the Senior Secured Note Claimholders from bringing or pursuing any Enforcement with respect to the Senior Secured Notes Priority Collateral; 

(iv) subject to Sections 3.2(c), 3.3, 3.4, and 3.5, irrevocably, absolutely and
unconditionally waive any and all rights the ABL Facility Collateral Agent and ABL Claimholders may have as a junior lien creditor or otherwise to object (and seek or be awarded any relief of any nature whatsoever based on any such objection) to the
manner in which the Senior Secured Notes Agent or the Senior Secured Note Claimholders (a) enforce or collect (or attempt to collect) the Senior Secured Note Obligations or (b) realize or seek to realize upon or otherwise enforce the Liens
in and to the Senior Secured Notes Priority Collateral securing the Senior Secured Note Obligations, regardless of whether any action or failure to act by or on behalf of the Senior Secured Notes Agent or Senior Secured Note Claimholders is adverse
to the interest of the ABL Claimholders. Without limiting the generality of the foregoing, the ABL Claimholders shall be deemed to have hereby irrevocably, absolutely and unconditionally waived any right to object (and seek or be awarded any relief
of any nature whatsoever based on any such objection), at any time prior to or subsequent to any disposition of any Senior Secured Notes Priority Collateral, on the ground(s) that any such disposition of Senior Secured Notes Priority Collateral
(a) would not be or was not “commercially reasonable” within the meaning of any applicable UCC and/or (b) would not or did not comply with any other requirement under any applicable UCC or under any other applicable law governing
the manner in which a secured creditor (including one with a Lien on real property) is to realize on its collateral; and 

(v) subject to Sections 3.2(c) and Sections 3.3, 3.4, and 3.5, acknowledge and agree that no
covenant, agreement or restriction contained in the ABL Security Documents or any other ABL Loan Document (other than this Agreement) shall be deemed to restrict in any way the rights and remedies of the Senior Secured Notes Agent or the Senior
Secured Note Claimholders with respect to the Senior Secured Notes Priority Collateral as set forth in this Agreement and the Senior Secured Note Documents; 

  
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 provided, however, that in the case of (i), (ii) and (iii) above, the Liens granted to
secure the ABL Obligations of the ABL Claimholders shall attach to any Proceeds resulting from actions taken by the Senior Secured Notes Agent or any Senior Secured Note Claimholder with respect to the Senior Secured Notes Priority Collateral in
accordance with this Agreement after application of such Proceeds to the extent necessary to meet the requirements of a Discharge of Senior Secured Note Obligations. 

(b) Until the Discharge of Senior Secured Note Obligations has occurred, whether or not any Insolvency or Liquidation Proceeding has been
commenced by or against any Grantor, the Senior Secured Notes Agent and the Senior Secured Note Claimholders shall have the right and power to enforce rights, exercise remedies (including set-off and the right to credit bid their debt) and make, in
connection therewith (including voluntary Dispositions of Senior Secured Notes Priority Collateral by the respective Grantors after a Senior Secured Note Default) determinations regarding the release, Disposition, or restrictions with respect to the
Senior Secured Notes Priority Collateral without any consultation with or the consent of the ABL Facility Collateral Agent or any ABL Claimholder subject to the Senior Secured Notes Agent’s and the Senior Secured Note Claimholders’
obligations under Sections 3.3 and 3.4; provided, however, that the Lien securing the ABL Obligations shall remain on the Proceeds (other than those properly applied to the Senior Secured Note Obligations in accordance
with the Senior Secured Note Documents) of such Collateral released or disposed of subject to the relative priorities described in Section 2.1. In exercising rights, powers or remedies with respect to the Senior Secured Notes Priority
Collateral, the Senior Secured Notes Agent and the Senior Secured Note Claimholders may enforce the provisions of the Senior Secured Note Documents and exercise rights, powers or remedies thereunder and under applicable law, all in such order and in
such manner as they may determine in the exercise of their sole discretion subject to the Senior Secured Notes Agent’s and the Senior Secured Note Claimholders’ obligations under Sections 3.3 and 3.4. Such exercise and
enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of the Senior Secured Notes Priority Collateral upon foreclosure, to incur expenses in connection with such sale or disposition, and to exercise all the
rights and remedies of a secured creditor under the UCC and of a secured creditor under the Bankruptcy Laws of any applicable jurisdiction. 

(c) Notwithstanding anything to the contrary contained herein, the ABL Facility Collateral Agent and any ABL Claimholder may: 

(i) file a claim or statement of interest with respect to the ABL Obligations; provided that an Insolvency or
Liquidation Proceeding has been commenced by or against any Grantor; 
 (ii) take any action (not adverse to the
priority status of the Liens on the Senior Secured Notes Priority Collateral, or the rights of the Senior Secured Notes Agent or any of the Senior Secured Note Claimholders to exercise rights, powers or remedies in respect thereof, including those
under Article VI) in order to create, perfect, preserve or protect (but, subject to the provisions of Sections 3.3 and 3.4, not enforce) its Lien on any of the Senior Secured Notes Priority Collateral; 

(iii) file any necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or
other pleading made by any Person objecting to or otherwise seeking the disallowance of the claims of the ABL Claimholders, including any claims secured by the Senior Secured Notes Priority Collateral, if any, in each case in accordance with the
terms of this Agreement; 

  
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 (iv) vote on any Plan of Reorganization, file any proof of claim, make other
filings and make any arguments and motions (including in support of or opposition to, as applicable, the confirmation or approval of any Plan of Reorganization) that are, in each case, in accordance with the terms of this Agreement. Without limiting
the generality of the foregoing or of the other provisions of this Agreement, any vote to accept, and any other act to support the confirmation or approval of, any Non-Conforming Plan of Reorganization shall be inconsistent with and, accordingly, a
violation of the terms of this Agreement, and the Senior Secured Notes Agent shall be entitled to have any such vote to accept a Non-Conforming Plan of Reorganization changed and any such support of any Non-Conforming Plan of Reorganization
withdrawn. 
 (v) exercise any of its rights, powers or remedies with respect to any of the Senior Secured Notes Priority
Collateral to the extent permitted by Sections 3.3 and 3.4; 
 (vi) to the extent the ABL Claimholders
acknowledge that they hold an unsecured claim of the Grantors in respect of the ABL Obligations, file any pleadings, objections, motions or agreements which assert rights or interests available to unsecured creditors of any Grantor arising under any
Insolvency or Liquidation Proceeding, except to the extent inconsistent with the terms of the Agreement; and 

(vii) take any action described in clauses (i) through (viii) of the definition of
“Enforcement.” 
 The ABL Facility Collateral Agent, on behalf of the ABL Claimholders, agrees that no ABL Claimholder will take or receive
any Senior Secured Notes Priority Collateral (including Proceeds) in connection with the exercise of any right, power, or remedy (including set-off) with respect to any Senior Secured Notes Priority Collateral in its capacity as a creditor in
violation of this Agreement. Without limiting the generality of the foregoing, unless and until the Discharge of Senior Secured Note Obligations has occurred, except as expressly provided in Sections 3.3, 3.4 and 3.5 and clause
(vi) of this Section 3.2(c), the sole right of the ABL Facility Collateral Agent and the ABL Claimholders with respect to the Senior Secured Notes Priority Collateral is to hold a Lien on such Collateral pursuant to the ABL Security
Documents for the period and to the extent granted therein and to receive a share of the Proceeds thereof, if any, in accordance with Section 4.1. 

(d) Except as otherwise specifically set forth in Sections 3.2(a) and 3.5 and Article VI, the ABL Facility Collateral
Agent and the ABL Claimholders may exercise rights, powers or remedies with respect to the ABL Priority Collateral, in each case, in accordance with the terms of the ABL Loan Documents and applicable law; provided, however, that in the
event that any the ABL Facility Collateral Agent or ABL Claimholder becomes a judgment Lien creditor in respect of Senior Secured Notes Priority Collateral as a result of its enforcement of its rights, powers or remedies with respect to the ABL
Obligations, such judgment Lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Senior Secured Note Obligations) as the other Liens securing the ABL Obligations are subject to this Agreement. 

  
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 (e) Except as provided in Section 5.3(c), nothing in this Agreement shall prohibit
the receipt by the ABL Facility Collateral Agent or any ABL Claimholders of the required payments of interest, principal and other amounts owed in respect of the ABL Obligations so long as such receipt is not the direct or indirect result of the
exercise by the ABL Facility Collateral Agent or any ABL Claimholders of rights, powers or remedies as a secured creditor (including set-off) with respect to Senior Secured Notes Priority Collateral or enforcement in contravention of this Agreement
of any Lien held by any of them. Nothing in this Agreement impairs or otherwise adversely affects any rights, powers or remedies the Senior Secured Notes Agent or the Senior Secured Note Claimholders may have against the Grantors under the Senior
Secured Note Documents. 
 Section 3.3 Collateral Access Rights. 

(a) The ABL Facility Collateral Agent and the Senior Secured Notes Agent agree not to commence any Enforcement or Going Out of Business Sale
until an Enforcement Notice has been given to the other Agent. Subject to the provisions of Sections 3.1 and 3.2, either Agent may join in any judicial proceedings commenced by the other Agent to enforce Liens on the Collateral,
provided that neither Agent, nor the other ABL Claimholders or the other Senior Secured Note Claimholders, as applicable, shall interfere with the Enforcement actions of the other with respect to Collateral in which such party has the
priority Lien in accordance with Section 2.1 and Section 2.2. 
 (b) If the Senior Secured Notes Agent, or any
agent or representative of the Senior Secured Notes Agent, or any receiver, shall, after any Senior Secured Note Default, obtain possession or physical control of any of the Mortgaged Premises, the Senior Secured Notes Agent shall promptly notify
the ABL Facility Collateral Agent in writing of that fact, and the ABL Facility Collateral Agent shall, within ten (10) Business Days thereafter, notify the Senior Secured Notes Agent in writing as to whether the ABL Facility Collateral Agent
desires to exercise access rights under this Agreement. In addition, if the ABL Facility Collateral Agent, or any agent or representative or the ABL Facility Collateral Agent, or any receiver, shall obtain possession or physical control of any of
the Mortgaged Premises or any of the tangible Senior Secured Notes Priority Collateral located on any premises other than a Mortgaged Premises or control over any intangible Senior Secured Notes Priority Collateral, following the delivery to the
Senior Secured Notes Agent of an Enforcement Notice, then the ABL Facility Collateral Agent shall promptly notify the Senior Secured Notes Agent in writing that the ABL Facility Collateral Agent is exercising its access rights under this Agreement
and its rights under Section 3.4 under either circumstance. Upon delivery of such notice by the ABL Facility Collateral Agent to the Senior Secured Notes Agent, the parties shall confer in good faith to coordinate with respect to the ABL
Facility Collateral Agent’s exercise of such access rights. Consistent with the definition of “Access Period,” access rights will apply to differing parcels of Mortgaged Premises at differing times, in which case, a differing
Access Period will apply to each such property. 

  
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 (c) During any pertinent Access Period, the ABL Facility Collateral Agent and the Grantors and
their Subsidiaries, with the consent of the ABL Facility Collateral Agent in connection with a Going Out of Business Sale or otherwise, and their agents, representatives and designees shall have an irrevocable, non-exclusive right to have access to,
and a rent-free right to use, the Senior Secured Notes Priority Collateral for the purpose of (i) arranging for and effecting the sale or disposition of ABL Priority Collateral located on such parcel, including the production, completion,
packaging and other preparation of such ABL Priority Collateral for sale or disposition, (ii) selling (by public auction, private sale or a “store closing”, Going Out of Business Sale or similar sale, whether in bulk, in lots or to
customers in the ordinary course of business or otherwise and which sale may include augmented Inventory of the same type sold in any Grantor’s business), (iii) storing or otherwise dealing with the ABL Priority Collateral, in each case
without notice to, the involvement of or interference by the Senior Secured Notes Agent or any Senior Secured Note Claimholder or liability to the Senior Secured Notes Agent or any Senior Secured Note Claimholder. During any such Access Period, the
ABL Facility Collateral Agent and its representatives (and persons employed on their behalf), may continue to operate, service, maintain, process and sell the ABL Priority Collateral, as well as to engage in bulk sales of ABL Priority Collateral.
The ABL Facility Collateral Agent shall take proper and reasonable care under the circumstances of any Senior Secured Notes Priority Collateral that is used by the ABL Facility Collateral Agent during the Access Period and repair and replace any
damage (ordinary wear-and-tear excepted) caused by the ABL Facility Collateral Agent or its agents, representatives or designees and the ABL Facility Collateral Agent shall comply with all applicable laws in all material respects in connection with
its use or occupancy of the Senior Secured Notes Priority Collateral. The ABL Facility Collateral Agent and the ABL Claimholders shall reimburse the Senior Secured Notes Agent and the Senior Secured Note Claimholders for any injury or damage to
Persons or property (ordinary wear-and-tear excepted) caused by the acts or omissions of Persons under its control; provided, however, that the ABL Facility Collateral Agent and the ABL Claimholders will not be liable for any
diminution in the value of the Mortgaged Premises caused by the absence of the ABL Priority Collateral therefrom. In no event shall the ABL Claimholders or the ABL Facility Collateral Agent have any liability to the Senior Secured Note Claimholders
and/or to the Senior Secured Notes Agent hereunder as a result of any condition (including any environmental condition, claim or liability) on or with respect to the Senior Secured Notes Priority Collateral existing prior to the date of the exercise
by the ABL Facility Collateral Agent) of its rights under this Agreement. The ABL Facility Collateral Agent and the Senior Secured Notes Agent shall cooperate and use reasonable efforts to ensure that their activities during the Access Period as
described above do not interfere materially with the activities of the other as described above, including the right of Senior Secured Notes Agent to show the Senior Secured Notes Priority Collateral to prospective purchasers and to ready the Senior
Secured Notes Priority Collateral for sale. 
 (d) Consistent with the definition of the term “Access Period,” if any order
or injunction is issued or stay is granted or is otherwise effective by operation of law that prohibits the ABL Facility Collateral Agent from exercising any of its rights hereunder, then the Access Period granted to the ABL Facility Collateral
Agent under this Section 3.3 shall be stayed during the period of such prohibition and shall continue thereafter for the number of days remaining in the applicable Access Period or Use Period, as the case may be. The Senior Secured Notes
Agent shall not foreclose or otherwise sell or dispose of any of the Senior Secured Notes Priority Collateral during the Access Period or Use Period, as applicable, unless the buyer agrees in 

  
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writing to acquire the Senior Secured Notes Priority Collateral subject to the terms of Section 3.3 and Section 3.4 of this Agreement and agrees therein to comply with the
terms of this Section 3.3. The rights of ABL Facility Collateral Agent and the ABL Claimholders under this Section 3.3 and Section 3.4 during the Access Period or Use Period shall continue notwithstanding such foreclosure,
sale or other disposition by the Senior Secured Notes Agent. 
 (e) The ABL Facility Collateral Agent and the ABL Claimholders shall have the
right to bring an action to enforce their rights under this Section 3.3 and Section 3.4, including, without limitation, an action seeking possession of the applicable Collateral and/or specific performance of this
Section 3.3 and Section 3.4. 
 Section 3.4 Senior Secured Notes Priority Collateral Rights/Access to
Information. For the purposes of enabling the ABL Facility Collateral Agent to exercise rights and remedies under this Agreement during the Enforcement Period, the Senior Secured Notes Agent and each Grantor hereby grants (to the full extent of
their respective rights and interests) the ABL Facility Collateral Agent and its agents, representatives and designees an irrevocable, non-exclusive, royalty-free, rent-free license and lease (which will be binding on any successor or assignee of
any Senior Secured Notes Priority Collateral) to use all of the Senior Secured Notes Priority Collateral to collect all Accounts included in ABL Priority Collateral, to copy, use, or preserve any and all information relating to any of the ABL
Priority Collateral, and to complete the manufacture, packaging, advertising for sale and sale of (i) work-in-process, (ii) raw materials and (iii) complete inventory; provided, however, the royalty-free, rent-free
license and lease with respect to the applicable Senior Secured Notes Priority Collateral shall immediately expire upon the end of (1) the Access Period applicable to such Senior Secured Notes Priority Collateral located on any Mortgaged
Premises and (2) the applicable Use Period with respect to any Senior Secured Notes Priority Collateral not located on any Mortgaged Premises; provided, further, that such expiration shall be without prejudice to the sale or other
disposition of the ABL Priority Collateral in accordance with applicable law. 
 Section 3.5 Set-Off and Tracing of and Priorities
in Proceeds. The Senior Secured Notes Agent, on behalf of the Senior Secured Note Claimholders, acknowledges and agrees that, to the extent the Senior Secured Notes Agent or any Senior Secured Note Claimholder exercises its rights of set-off
against any ABL Priority Collateral, the amount of such set-off shall be held and distributed pursuant to Section 4.1. The ABL Facility Collateral Agent, on behalf of the ABL Claimholders, acknowledges and agrees that, to the extent the
ABL Facility Collateral Agent or any ABL Claimholder exercises its rights of set-off against any Senior Secured Notes Priority Collateral, the amount of such set-off shall be held and distributed pursuant to Section 4.1. The ABL Facility
Collateral Agent, for itself and on behalf of the ABL Claimholders, and the Senior Secured Notes Agent, for itself and on behalf of the Senior Secured Note Claimholders, further agree that prior to an issuance of an Enforcement Notice or the
commencement of any Insolvency or Liquidation Proceeding, any Proceeds of Collateral, whether or not deposited under Account Agreements, which are used by any Grantor to acquire other property which is Collateral shall not (solely as between the
Agents, the ABL Claimholders and the Senior Secured Note Claimholders) be treated as Proceeds of Collateral for purposes of determining the relative priorities in the Collateral which was so acquired. In addition, unless and until the Discharge of
ABL Obligations occurs, subject to Section 4.2, the Senior Secured Notes Agent and the Senior Secured Note Claimholders each hereby consents to the application, 

  
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prior to the receipt by the ABL Facility Collateral Agent of an Enforcement Notice issued by the Senior Secured Notes Agent, of cash or other Proceeds of Collateral, deposited under Account
Agreements to the repayment of ABL Obligations pursuant to the ABL Loan Documents. 
 ARTICLE IV 

Payments 

Section 4.1 Application of Proceeds. 

(a) So long as the Discharge of ABL Obligations has not occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by
or against any Grantor, all ABL Priority Collateral or Proceeds thereof received in connection with the sale or other Disposition of, or collection on, such ABL Priority Collateral as a result of the exercise of remedies or other Enforcement or
Going Out of Business Sale by either Agent or any ABL Claimholders or Senior Secured Note Claimholders (including as a result of any distribution of or in respect of any ABL Priority Collateral (whether or not expressly characterized as such) or in
any Insolvency or Liquidation Proceeding), shall be delivered to the ABL Facility Collateral Agent and shall be applied or further distributed by the ABL Facility Collateral Agent to or on account of the ABL Obligations in such order, if any, as
specified in the relevant ABL Loan Documents or as a court of competent jurisdiction may otherwise direct. Upon the Discharge of ABL Obligations, the ABL Facility Collateral Agent shall deliver to the Senior Secured Notes Agent any ABL Priority
Collateral and Proceeds of ABL Priority Collateral received or delivered to it pursuant to the preceding sentence, in the same form as received, with any necessary endorsements, to be applied by the Senior Secured Notes Agent to the Senior Secured
Note Obligations in such order as specified in the Senior Secured Note Security Documents or as a court of competent jurisdiction may otherwise direct. 

(b) So long as the Discharge of Senior Secured Note Obligations has not occurred, whether or not any Insolvency or Liquidation Proceeding has
been commenced by or against any Grantor, all Senior Secured Notes Priority Collateral or Proceeds thereof received in connection with the sale or other Disposition of, or collection on, such Senior Secured Notes Priority Collateral as a result of
the exercise of remedies or other Enforcement by either Agent or any Senior Secured Note Claimholders or ABL Claimholders (including as a result of any distribution of or in respect of any Senior Secured Notes Priority Collateral (whether or not
expressly characterized as such) or in any Insolvency or Liquidation Proceeding), shall be delivered to the Senior Secured Notes Agent and shall be applied by the Senior Secured Notes Agent to the Senior Secured Note Obligations in such order as
specified in the relevant Senior Secured Note Documents or as a court of competent jurisdiction may otherwise direct. Upon the Discharge of Senior Secured Note Obligations, the Senior Secured Notes Agent shall deliver to the ABL Facility Collateral
Agent any Senior Secured Notes Priority Collateral and Proceeds of Senior Secured Notes Priority Collateral received or delivered to it pursuant to the preceding sentence, in the same form as received, with any necessary endorsements to be applied
by the ABL Facility Collateral Agent to the ABL Obligations in such order as specified in the ABL Security Documents or as a court of competent jurisdiction may otherwise direct. 

  
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 Section 4.2 Payments Over in Violation of Agreement. So long as neither the Discharge
of ABL Obligations nor the Discharge of Senior Secured Note Obligations has occurred, whether or not any Insolvency or Liquidation Proceeding has been commenced by or against any Grantor, any Collateral (including assets or Proceeds subject to Liens
referred to in the final sentence of Section 2.3) received by either Agent or any Senior Secured Note Claimholders or ABL Claimholders in connection with the exercise of any right, power, or remedy (including set-off) relating to the
Collateral in contravention of this Agreement shall be segregated and held in trust and forthwith paid over to the appropriate Agent for the benefit of the Senior Secured Note Claimholders or the ABL Claimholders, as applicable, in the same form as
received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. Each Agent is hereby authorized by the other Agent to make any such endorsements as agent for the other Agent or any Senior Secured Note
Claimholders or ABL Claimholders, as applicable. This authorization is coupled with an interest and is irrevocable until the Discharge of ABL Obligations and Discharge of Senior Secured Note Obligations have occurred. 

Section 4.3 Application of Payments. Subject to the other terms of this Agreement, all payments received by (a) the ABL
Facility Collateral Agent or the ABL Claimholders may be applied, reversed and reapplied, in whole or in part, to the ABL Obligations to the extent provided for in the ABL Loan Documents and (b) the Senior Secured Notes Agent or the Senior
Secured Note Claimholders may be applied, reversed and reapplied, in whole or in part, to the Senior Secured Note Obligations to the extent provided for in the Senior Secured Note Documents. 

Section 4.4 Revolving Nature of ABL Obligations. The Senior Secured Notes Agent, on behalf of the Senior Secured Note
Claimholders, acknowledges and agrees that the ABL Credit Agreement includes a revolving commitment and that the amount of the ABL Obligations that may be outstanding at any time or from time to time may be increased or reduced and subsequently
reborrowed. 
 Section 4.5 No Subordination of the Relative Priority of Claims. Anything to the contrary contained herein
notwithstanding, the subordination of the Liens of Senior Secured Note Claimholders to the Liens of ABL Claimholders and of the Liens of ABL Claimholders to the Liens of Senior Secured Note Claimholders as set forth herein is with respect to the
priority of the respective Liens held by or on behalf of them only and shall not constitute a subordination of the Senior Secured Note Obligations to the ABL Obligations or the ABL Obligations to the Senior Secured Note Obligations. 

ARTICLE V 
 Other Agreements

 Section 5.1 Releases. 

(a) (i) If, in connection with (A) any exercise of remedies or Enforcement (including as provided for in Section 3.1(b)
or Section 6.8(a)) or any Going Out of Business Sale, or (B) any sale, transfer or other Disposition of all or any portion of the ABL Priority 

  
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Collateral, so long as such sale, transfer or other Disposition is then not prohibited by the ABL Loan Documents (or consented to by the requisite ABL Claimholders) or by the Senior Secured Note
Documents (or consented to by the requisite Senior Secured Note Claimholders), irrespective of whether an ABL Default has occurred and is continuing, the ABL Facility Collateral Agent, on behalf of any of the ABL Claimholders, releases any of its
Liens on any part of the ABL Priority Collateral, then the Liens, if any, of the Senior Secured Notes Agent, for the benefit of the Senior Secured Note Claimholders, on the ABL Priority Collateral sold or disposed of in connection therewith, shall
be automatically, unconditionally and simultaneously released; provided that, to the extent the Proceeds of such ABL Priority Collateral are not applied to reduce ABL Obligations, the Senior Secured Notes Agent shall retain a Lien on such
Proceeds in accordance with the terms of this Agreement. The Senior Secured Notes Agent, on behalf of the Senior Secured Note Claimholders, promptly shall execute and deliver to the ABL Facility Collateral Agent or such Grantor such termination
statements, releases and other documents as the ABL Facility Collateral Agent or such Grantor may request in writing to effectively confirm such release; provided that the Senior Secured Notes Agent receives an Officer’s Certificate from
the Issuers stating that such termination statements, releases or other documents are permitted under this Agreement and not prohibited by the Senior Secured Notes Documents (or has been consented to by the requisite Senior Secured Note
Claimholders). 
 (ii) If, in connection with (A) any exercise of remedies or Enforcement (including as provided for in Sections
3.2(b) or Section 6.8(b)), or (B) any sale, transfer or other Disposition of all or any portion of the Senior Secured Notes Priority Collateral, so long as such sale, transfer or other Disposition is then not prohibited by the
Senior Secured Note Documents (or consented to by the requisite Senior Secured Note Claimholders) or by the ABL Loan Documents (or consented to by the requisite ABL Claimholders), irrespective of whether a Senior Secured Note Default has occurred
and is continuing, the Senior Secured Notes Agent, on behalf of any of the Senior Secured Note Claimholders, releases any of its Liens on any part of the Senior Secured Notes Priority Collateral, then the Liens, if any, of the ABL Facility
Collateral Agent, for the benefit of the ABL Claimholders, on the Senior Secured Notes Priority Collateral sold or disposed of in connection therewith, shall be automatically, unconditionally and simultaneously released; provided that the
provisions of Section 3.3 and 3.4 shall continue, to the extent such Sections are applicable at the time of such sale, transfer or other Disposition; provided, further that, to the extent the Proceeds of such Senior
Secured Notes Priority Collateral are not applied to reduce Senior Secured Note Obligations, the ABL Facility Collateral Agent shall retain a Lien on such Proceeds in accordance with the terms of this Agreement. The ABL Facility Collateral Agent, on
behalf of the ABL Claimholders, promptly shall execute and deliver to the Senior Secured Notes Agent or such Grantor such termination statements, releases and other documents as the Senior Secured Notes Agent or such Grantor may request to
effectively confirm such release; provided that the ABL Collateral Agent receives an Officer’s Certificate from the Company stating that such termination statements, releases or other documents are permitted under this Agreement and not
prohibited by the ABL Loan Documents (or has been consented to by the requisite ABL Claimholders). 
 (b) Until the Discharge of ABL
Obligations and Discharge of Senior Secured Note Obligations shall occur, the ABL Facility Collateral Agent, on behalf of the ABL Claimholders, and the Senior Secured Notes Agent, on behalf of the Senior Secured Note Claimholders, as applicable,
hereby irrevocably constitutes and appoints the other Agent and any 

  
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officer or agent of the other Agent, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the other Agent
or such holder or in the Agent’s own name, from time to time in such Agent’s discretion exercised in good faith, for the purpose of carrying out the terms of this Section 5.1, to take any and all appropriate action and to
execute any and all documents and instruments which may be necessary to accomplish the purposes of this Section 5.1, including any endorsements or other instruments of transfer or release. 

(c) Until the Discharge of ABL Obligations and Discharge of Senior Secured Note Obligations shall occur, to the extent that the Agents or the
ABL Claimholders or the Senior Secured Note Claimholders (i) have released any Lien on Collateral and such Lien is later reinstated or (ii) obtain any new Liens from any Grantor, then, in accordance with Section 2.3, the
Grantors shall grant a Lien on any such Collateral, subject to the Lien priority provisions of this Agreement, to the other Agent, for the benefit of the ABL Claimholders or Senior Secured Note Claimholders, as applicable. 

Section 5.2 Insurance. 

(a) Unless and until the Discharge of ABL Obligations has occurred and subject to the terms of, and the rights of the Grantors under, the ABL
Loan Documents, (i) the ABL Facility Collateral Agent, on behalf of the ABL Claimholders, shall have the sole and exclusive right to adjust settlement for any insurance policy covering the ABL Priority Collateral in the event of any loss
thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) affecting such Collateral; (ii) all Proceeds of any such policy and any such award (or any payments with respect to a
deed in lieu of condemnation) if in respect of the ABL Priority Collateral and to the extent required by the ABL Loan Documents shall be paid to the ABL Facility Collateral Agent for the benefit of the ABL Claimholders pursuant to the terms of the
ABL Loan Documents (including, without limitation, for purposes of cash collateralization of letters of credit) and thereafter, if the Discharge of ABL Obligations has occurred, and subject to the rights of the Grantors under the Senior Secured Note
Security Documents, to the Senior Secured Notes Agent for the benefit of the Senior Secured Note Claimholders to the extent required under the Senior Secured Note Security Documents and then, to the extent no Senior Secured Note Obligations are
outstanding, to the owner of the subject property, such other Person as may be entitled thereto or as a court of competent jurisdiction may otherwise direct, and (iii) if the Senior Secured Notes Agent or any Senior Secured Note Claimholders
shall, at any time, receive any Proceeds of any such insurance policy or any such award or payment with respect to ABL Priority Collateral in contravention of this Agreement, it shall segregate and hold in trust and forthwith pay such Proceeds over
to the ABL Facility Collateral Agent in accordance with the terms of Section 4.2. 
 (b) Unless and until the Discharge of
Senior Secured Note Obligations has occurred, subject to the terms of, and the rights of the Grantors under, the Senior Secured Note Documents, (i) the Senior Secured Notes Agent (acting at the direction of the Required Senior Secured Note
Claimholders), on behalf of the Senior Secured Note Claimholders, shall have the sole and exclusive right to adjust settlement for any insurance policy covering the Senior Secured Notes Priority Collateral in the event of any loss thereunder and to
approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) affecting such 

  
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Collateral; (ii) all Proceeds of any such policy and any such award (or any payments with respect to a deed in lieu of condemnation) if in respect of the Senior Secured Notes Priority
Collateral and to the extent required by the Senior Secured Note Documents shall be paid to the Senior Secured Notes Agent for the benefit of the Senior Secured Note Claimholders pursuant to the terms of the Senior Secured Note Documents and
thereafter, if the Discharge of Senior Secured Note Obligations has occurred, and subject to the rights of the Grantors under the ABL Loan Documents, to the ABL Facility Collateral Agent for the benefit of the ABL Claimholders to the extent required
under the ABL Security Documents and then, to the extent no ABL Obligations are outstanding, to the owner of the subject property, such other Person as may be entitled thereto or as a court of competent jurisdiction may otherwise direct, and
(iii) if the ABL Facility Collateral Agent or any ABL Claimholders shall, at any time, receive any Proceeds of any such insurance policy or any such award or payment with respect to Senior Secured Notes Priority Collateral in contravention of
this Agreement, it shall segregate and hold in trust and forthwith pay such Proceeds over to the Senior Secured Notes Agent in accordance with the terms of Section 4.2. 

(c) To effectuate the foregoing, and to the extent that the pertinent insurance company agrees to issue such endorsements, the Agents
shall each receive separate lender’s loss payable endorsements naming themselves as loss payee and additional insured, as their interests may appear, with respect to any policies which insure Collateral hereunder. 

Section 5.3 Amendments to ABL Loan Documents and Senior Secured Note Documents; Refinancing. 

(a) Subject to Sections 5.3(c) and 5.3(d), the ABL Loan Documents and Senior Secured Note Documents may be amended, supplemented
or otherwise modified in accordance with their terms, all without affecting the Lien subordination or other provisions of this Agreement. The ABL Obligations may be Refinanced without the consent of, the Senior Secured Notes Agent or the Senior
Secured Note Claimholders and without affecting the Lien subordination or other provisions of this Agreement, and the Senior Secured Note Obligations may be Refinanced without the consent of, the ABL Facility Collateral Agent or the ABL Claimholders
and without affecting the Lien subordination and other provisions of this Agreement so long as such Refinancing is on terms and conditions that would not violate the Senior Secured Note Documents or the ABL Loan Documents, each as in effect on the
date hereof (or, if less restrictive to the Issuers, as in effect on the date of such amendment or Refinancing); provided, however, that, in each case, the lenders or holders of such Refinancing debt bind themselves in a writing
addressed to the Senior Secured Notes Agent and the Senior Secured Note Claimholders or the ABL Facility Collateral Agent and the ABL Claimholders, as applicable, to the terms of this Agreement; provided further, however, that,
if such Refinancing debt is secured by a Lien on any Collateral the holders of such Refinancing debt shall be deemed bound by the terms hereof regardless of whether or not such writing is provided. For the avoidance of doubt, the sale or other
transfer of Indebtedness is not restricted by this Agreement but the provisions of this Agreement shall be binding on all holders of ABL Obligations and Senior Secured Note Obligations. 

  
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 (b) Subject to Sections 5.3(c) and 5.3(d), the ABL Facility Collateral Agent and
the Senior Secured Notes Agent shall each use good faith efforts to notify the other party of any written amendment or modification to the ABL Loan Documents and Senior Secured Note Documents, but the failure to do so shall not create a cause of
action against the party failing to give such notice or create any claim or right on behalf of any third party. 
 (c) Without the consent of
the Senior Secured Notes Agent, the ABL Claimholders will not be entitled to agree (and will not agree) to any amendment to or modification of the ABL Loan Documents, whether in a Refinancing or otherwise, that would result in a Senior Secured Note
Default. 
 (d) Without the consent of the ABL Facility Collateral Agent, the Senior Secured Notes Agent and the Senior Secured Note
Claimholders will not be entitled to agree (and will not agree) to any amendment to or modification of the Senior Secured Note Documents, whether in a Refinancing or otherwise, that to their actual knowledge would result in a ABL Default. 

(e) So long as the Discharge of ABL Obligations has not occurred, the Senior Secured Notes Agent agrees that each applicable Senior Secured
Note Security Document that grants a Lien on any material Collateral shall include the following language (or similar language acceptable to the ABL Facility Collateral Agent): “Notwithstanding anything herein to the contrary, the liens and
security interests granted to Wells Fargo Bank, National Association, as Trustee, pursuant to this Agreement and the exercise of any right or remedy by Wells Fargo Bank, National Association, as Trustee hereunder, are subject to the provisions of
the Intercreditor Agreement dated as of February 3, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among Deutsche Bank Trust Company Americas, as the ABL
Facility Collateral Agent, Wells Fargo Bank, National Association, as Trustee and as Senior Secured Notes Agent and the Grantors (as defined in the Intercreditor Agreement) from time to time party thereto. In the event of any conflict between the
terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement shall govern and control.” 

(f) So long as the Discharge of Senior Secured Note Obligations has not occurred, the ABL Facility Collateral Agent agrees that each
applicable ABL Security Document executed on or after the date hereof that grants a Lien on any material Collateral shall include the following language (or similar language acceptable to the Senior Secured Notes Agent): “Notwithstanding
anything herein to the contrary, the liens and security interests granted to the Agent pursuant to this Agreement and the exercise of any right or remedy by the Agent hereunder, are subject to the provisions of the Intercreditor Agreement dated as
of February 3, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among the Administrative Agent, as ABL Facility Collateral Agent, Wells Fargo Bank, National
Association, as Trustee and as Senior Secured Notes Agent and the Grantors (as defined in the Intercreditor Agreement) from time to time party thereto. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of
this Agreement, the terms of the Intercreditor Agreement shall govern and control.” 

  
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 Section 5.4 Bailees for Perfection. (a) Each Agent agrees to hold or control
that part of the Collateral that is in its possession or control (or in the possession or control of its agents or bailees) to the extent that possession or control thereof is taken to perfect a Lien thereon (such Collateral, which shall include,
without limitation, Deposit Accounts, Securities Accounts and Capital Stock, being the “Pledged Collateral”) as (i) in the case of the ABL Facility Collateral Agent, the collateral agent for the ABL Claimholders under the ABL
Loan Documents or, in the case of the Senior Secured Notes Agent, the collateral agent for the Senior Secured Note Claimholders under the Senior Secured Note Documents and (ii) gratuitous bailee for the benefit of the other Agent (such bailment
being intended, among other things, to satisfy the requirements of Sections 8-301(a)(2) and 9-313(c) of the UCC) and any assignee solely for the purpose of perfecting the security interest granted under the ABL Loan Documents and the Senior Secured
Note Documents, respectively, subject to the terms and conditions of this Section 5.4. The Senior Secured Notes Agent and the Senior Secured Note Claimholders hereby appoint the ABL Facility Collateral Agent as their agent for the
purposes of perfecting their security interest in all Deposit Accounts and Securities Accounts of the Issuers, Holdings, and the Company Subsidiaries. The ABL Facility Collateral Agent hereby accepts such appointment and acknowledges and agrees that
it shall act for the benefit of the Senior Secured Notes Agent and the other Senior Secured Note Claimholders under each Account Agreement and that any Proceeds received by the ABL Facility Collateral Agent under any Account Agreement shall be
applied in accordance with Article IV. In furtherance of the foregoing, each Grantor hereby grants (x) a security interest in the Pledged Collateral to the Senior Secured Notes Agent for the benefit of the ABL Claimholders and (y) a
security interest in the Pledged Collateral to the ABL Facility Collateral Agent for the benefit of the Senior Secured Note Claimholders. 

(b) Neither Agent shall have any obligation whatsoever to the other Agent, to any other ABL Claimholder, or to any other Senior Secured Note
Claimholder to ensure that the Pledged Collateral is genuine or owned by any of the Grantors or to preserve rights or benefits of any Person except as expressly set forth in this Section 5.4. The duties or responsibilities of the
respective Agents under this Section 5.4 shall be limited solely to holding the Pledged Collateral as bailee in accordance with this Section 5.4 and delivering the Pledged Collateral or Proceeds thereof upon a Discharge of
ABL Obligations or Discharge of Senior Secured Note Obligations, as applicable, as provided in paragraph (d) below. 
 (c) Neither Agent
acting pursuant to this Section 5.4 shall have by reason of the ABL Loan Documents, the Senior Secured Note Documents, this Agreement or any other document a fiduciary relationship in respect of the other Agent, any other ABL Claimholder
or any other Senior Secured Note Claimholder. 
 (d) Upon the Discharge of ABL Obligations or the Discharge of Senior Secured Note
Obligations, as applicable, the Agent under the ABL Loan Documents or Senior Secured Note Documents, as applicable, that has been discharged shall deliver the remaining Pledged Collateral (if any) together with any necessary endorsements,
first, to the other Agent to the extent the other Obligations remain outstanding, and second, to the applicable Grantor to the extent the Discharge of ABL Obligations and the Discharge of Senior Secured Note Obligations have occurred
(in each case, so as to allow such Person to obtain possession or control of such Pledged Collateral) or as otherwise required by law. Each Agent further agrees to take all other action reasonably requested by the other Agent in connection with the
other Agent obtaining a first-priority interest in the Collateral or as a court of competent jurisdiction may otherwise direct. Notwithstanding anything to the contrary contained in this Agreement, any obligation of the Agent under the ABL Loan
Documents or Senior Secured Note Documents, as applicable, which has been discharged to make any delivery to the other Agent under this Section 5.4(d) is subject to (i) the order of any court of competent jurisdiction, or
(ii) any automatic stay imposed in connection with any Insolvency or Liquidation Proceeding. 

  
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 (e) Subject to the terms of this Agreement, (i) so long as the Discharge of ABL Obligations
has not occurred, the ABL Facility Collateral Agent shall be entitled to deal with the Pledged Collateral or Collateral within its “control” in accordance with the terms of this Agreement and other ABL Loan Documents, but only to the
extent that such Collateral constitutes ABL Priority Collateral, as if the Liens of the Senior Secured Notes Agent on behalf of the Senior Secured Note Claimholders did not exist, and (ii) so long as the Discharge of Senior Secured Note
Obligations has not occurred, the Senior Secured Notes Agent shall be entitled to deal with the Pledged Collateral or Collateral within its “control” in accordance with the terms of this Agreement and other Senior Secured Note Documents,
but only to the extent that such Collateral constitutes Senior Secured Notes Priority Collateral, as if the Liens of the ABL Facility Collateral Agent on behalf of the ABL Claimholders did not exist. 

ARTICLE VI 
 Insolvency or
Liquidation Proceedings 
 Section 6.1 Finance and Sale Issues. The Senior Secured Notes Agent, on behalf of the Senior
Secured Note Claimholders, hereby agrees that, until the Discharge of ABL Obligations has occurred, if any Grantor shall be subject to any Insolvency or Liquidation Proceeding and the ABL Facility Collateral Agent shall desire to permit the use of
“Cash Collateral” (as such term is defined in Section 363(a) of the Bankruptcy Code) constituting ABL Priority Collateral or to permit any Grantor to obtain financing, whether from the ABL Claimholders or any other Person under
Section 364 of the Bankruptcy Code or any similar Bankruptcy Law (“DIP Financing”) secured by a Lien on ABL Priority Collateral, then any Senior Secured Note Claimholder will not be entitled to raise (and will not raise or
support any Person in raising), but instead shall be deemed to have hereby irrevocably and absolutely waived, any objection to, and shall not otherwise in any manner be entitled to oppose or will oppose or support any Person in opposing, such Cash
Collateral use or DIP Financing (including, except as expressly provided below, that the Senior Secured Note Claimholders are entitled to adequate protection of their interest in the Collateral as a condition thereto) so long as such Cash Collateral
use or DIP Financing meets the following requirements: (i) the Senior Secured Notes Agent and the other Senior Secured Note Claimholders retain a Lien on the Collateral and, with respect to the Senior Secured Notes Priority Collateral, with the
same priority as existed prior to the commencement of the Insolvency or Liquidation Proceeding, (ii) to the extent that the ABL Facility Collateral Agent is granted adequate protection in the form of a Lien, the Senior Secured Notes Agent is
permitted to seek a Lien (without objection from the ABL Facility Collateral Agent or any ABL Claimholder) on Collateral arising after the commencement of the Insolvency or Liquidation Proceeding (so long as, with respect to ABL Priority Collateral,
such Lien is junior to the Liens securing such DIP Financing and any other Liens in favor of the ABL Facility Collateral Agent), (iii) the terms of the Cash Collateral use or the DIP Financing require that any Lien on the Senior Secured Notes
Priority Collateral to secure such DIP Financing is subordinate to the Lien of the Senior Secured Notes Agent securing the Senior Secured Note Obligations with respect thereto and (iv) the terms of such DIP Financing or use of Cash Collateral
do not 

  
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require any Grantor to seek approval for any Plan of Reorganization that is inconsistent with this Agreement. The Senior Secured Notes Agent shall be required to subordinate and will subordinate
its Liens in the ABL Priority Collateral to the Liens securing such DIP Financing (and all obligations relating thereto, including any “carve-out” granting administrative priority status or Lien priority to secure repayment of fees and
expenses of professionals retained by any debtor or creditors’ committee) and, consistent with the preceding provisions of this Section 6.1, will not request adequate protection or any other relief in connection therewith (except as
expressly provided in clause (ii) above); provided, however, if the Liens securing the DIP Financing rank junior to the Liens securing the ABL Obligations, the Senior Secured Notes Agent shall be required to subordinate its Liens
in the ABL Priority Collateral to the Liens securing such DIP Financing. The Senior Secured Notes Agent, on behalf of itself and the Senior Secured Note Claimholders, agrees that no such Person shall provide to such Grantor any DIP Financing to the
extent that the Senior Secured Notes Agent or any Senior Secured Note Claimholder would, in connection with such financing, be granted a Lien on the ABL Priority Collateral senior to or pari passu with the Liens of the ABL Facility
Collateral Agent. The ABL Facility Collateral Agent, on behalf of itself and the ABL Claimholders, agrees that no such Persons shall provide to such Grantor any DIP Financing to the extent that the ABL Facility Collateral Agent or any ABL
Claimholder would, in connection with such financing, be granted a Lien on the Senior Secured Notes Priority Collateral senior to or pari passu with the Liens of the Senior Secured Notes Agent. 

Section 6.2 Relief from the Automatic Stay. 

(a) Until the Discharge of ABL Obligations has occurred, the Senior Secured Notes Agent, on behalf of the other Senior Secured Note
Claimholders, agrees that none of them shall seek (or support any other Person seeking) relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the ABL Priority Collateral, without the prior written
consent of the ABL Facility Collateral Agent (given or not given in its sole and absolute discretion), unless (i) the ABL Facility Collateral Agent already has filed a motion (which remains pending) for such relief with respect to its interest
in such ABL Priority Collateral and (ii) a corresponding motion, in the reasonable judgment of the Senior Secured Notes Agent acting at the direction of the Required Senior Secured Note Claimholders, must be filed for the purpose of preserving
the Senior Secured Notes Agent’s ability to receive residual distributions pursuant to Section 4.1, although the Senior Secured Note Claimholders shall otherwise remain subject to the restrictions in Section 3.1
following the granting of any such relief from the automatic stay. 
 (b) Until the Discharge of Senior Secured Note Obligations has
occurred, the ABL Facility Collateral Agent, on behalf of the other ABL Claimholders, agrees that none of them shall seek (or support any other Person seeking) relief from the automatic stay or any other stay in any Insolvency or Liquidation
Proceeding in respect of the Senior Secured Notes Priority Collateral (other than to the extent such relief is required to exercise its rights under Sections 3.3 and 3.4), without the prior written consent of the Senior Secured Notes
Agent (given or not given by the Senior Secured Notes Agent at the direction of the Required Senior Secured Note Claimholders, acting in their sole and absolute discretion), unless (i) the Senior Secured Notes Agent already has filed a motion
(which remains pending) for such relief with respect to its interest in the Senior Secured Notes Priority Collateral and (ii) a corresponding motion, in the 

  
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reasonable judgment of the ABL Facility Collateral Agent, must be filed for the purpose of preserving the ABL Facility Collateral Agent’s ability to receive residual distributions pursuant
to Section 4.1, although the ABL Facility Collateral Agent shall otherwise remain subject to the restrictions in Section 3.2 following the granting of any such relief from the automatic stay. 

Section 6.3 Adequate Protection. 

(a) The Senior Secured Notes Agent, on behalf of itself and the Senior Secured Note Claimholders, agrees that none of them shall be entitled to
contest and none of them shall contest (or support any other Person contesting) (but instead shall be deemed to have hereby irrevocably, absolutely, and unconditionally waived any right): 

(i) any request by the ABL Facility Collateral Agent or the other ABL Claimholders for relief from the automatic stay with
respect to the ABL Priority Collateral; or 
 (ii) any request by the ABL Facility Collateral Agent or the other ABL Claimholders for
adequate protection with respect to the ABL Priority Collateral (except to the extent any such adequate protection is a payment from Senior Secured Notes Priority Collateral); or 

(iii) any objection by the ABL Facility Collateral Agent or the other ABL Claimholders to any motion, relief, action or proceeding based
on the ABL Facility Collateral Agent or the other ABL Claimholders claiming a lack of adequate protection with respect to the ABL Priority Collateral. 

(b) The ABL Facility Collateral Agent, on behalf of itself and the ABL Claimholders, agrees that none of them shall be entitled to contest and
none of them shall contest (or support any other Person contesting) (but instead shall be deemed to have hereby irrevocably, absolutely, and unconditionally waived any right): 

(i) any request by the Senior Secured Notes Agent or the other Senior Secured Note Claimholders for relief from the automatic
stay with respect to the Senior Secured Notes Priority Collateral; or 
 (ii) any request by the Senior Secured Notes
Agent or the Senior Secured Note Claimholders for adequate protection with respect to the Senior Secured Notes Priority Collateral (except to the extent any such adequate protection is a payment from ABL Priority Collateral); or 

(iii) any objection by the Senior Secured Notes Agent or the Senior Secured Note Claimholders to any motion, relief,
action or proceeding based on the Senior Secured Notes Agent or the Senior Secured Note Claimholders claiming a lack of adequate protection with respect to the Senior Secured Notes Priority Collateral. 

  
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 (c) Consistent with the foregoing provisions in this Section 6.3, and except as
provided in Sections 6.1 and 6.7, in any Insolvency or Liquidation Proceeding: 
 (i) no Senior Secured Note
Claimholder shall be entitled (and each Senior Secured Note Claimholder shall be deemed to have hereby irrevocably, absolutely, and unconditionally waived any right): 

(A) to seek or otherwise be granted any type of adequate protection with respect to its interests in the ABL Priority
Collateral (except as expressly set forth in Section 6.1 or as may otherwise be consented to in writing by the ABL Facility Collateral Agent in its sole and absolute discretion); provided, however, subject to
Section 6.1, Senior Secured Note Claimholders may seek and obtain adequate protection in the form of an additional or replacement Lien on Collateral so long as (i) the ABL Claimholders have been granted adequate protection in the
form of an additional or replacement Lien on such Collateral, and (ii) any such Lien on ABL Priority Collateral (and on any Collateral granted as adequate protection for the ABL Claimholders in respect of their interests in such ABL Priority
Collateral) is subordinated to the Liens of the ABL Facility Collateral Agent in such Collateral on the same basis as the other Liens of the Senior Secured Notes Agent on ABL Priority Collateral; and 

(B) to seek or otherwise be granted any adequate protection payments with respect to its interests in the Collateral from
Proceeds of ABL Priority Collateral (except as may be consented to in writing by the ABL Facility Collateral Agent in its sole and absolute discretion); 

(ii) no ABL Claimholder shall be entitled (and each ABL Claimholder shall be deemed to have hereby irrevocably, absolutely, and
unconditionally waived any right): 
 (A) to seek or otherwise be granted any type of adequate protection with respect to its
interests in the Senior Secured Notes Priority Collateral except as may be consented to in writing by the Senior Secured Notes Agent acting at the direction of the Required Senior Secured Note Claimholders in their sole and absolute discretion;
provided, however, ABL Claimholders may seek and obtain adequate protection in the form of an additional or replacement Lien on Collateral so long as (i) the Senior Secured Note Claimholders have been granted adequate protection
in the form of an additional or replacement Lien on such Collateral, and (ii) any such Lien on Senior Secured Notes Priority Collateral (and on any Collateral granted as adequate protection for the Senior Secured Note Claimholders in respect of
their interests in such Senior Secured Notes Priority Collateral) is subordinated to the Liens of the Senior Secured Notes Agent in such Collateral on the same basis as the other Liens of the ABL Facility Collateral Agent on Senior Secured Notes
Priority Collateral; and 
 (B) to seek or otherwise be granted any adequate protection payments with respect to its
interests in the Collateral from Proceeds of Senior Secured Notes Priority Collateral (except as may be consented to in writing by the Senior Secured Notes Agent acting at the direction of the Required Senior Secured Note Claimholders in their sole
and absolute discretion). 

  
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 (d) With respect to (i) the ABL Priority Collateral, nothing herein shall limit the rights
of the Senior Secured Notes Agent or the Senior Secured Note Claimholders from seeking adequate protection with respect to their rights in the Senior Secured Notes Priority Collateral in any Insolvency or Liquidation Proceeding (including adequate
protection in the form of a cash payment, periodic cash payments or otherwise, other than from Proceeds of ABL Priority Collateral) so long as such request is not otherwise inconsistent with this Agreement and (ii) the Senior Secured Notes
Priority Collateral, nothing herein shall limit the rights of the ABL Facility Collateral Agent or the ABL Claimholders from seeking adequate protection with respect to their rights in the ABL Priority Collateral in any Insolvency or Liquidation
Proceeding (including adequate protection in the form of a cash payment, periodic cash payments or otherwise, other than from Proceeds of Senior Secured Notes Priority Collateral) so long as such request is not otherwise inconsistent with this
Agreement. 
 Section 6.4 Avoidance Issues. If any ABL Claimholder or Senior Secured Note Claimholder is required in any
Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of the applicable Grantor any amount paid in respect of ABL Obligations or the Senior Secured Note Obligations, as applicable (a
“Recovery”), then such ABL Claimholders or Senior Secured Note Claimholders shall be entitled to a reinstatement of ABL Obligations or the Senior Secured Note Obligations, as applicable, with respect to all such recovered amounts.
If this Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the
parties hereto from such date of reinstatement. 
 Section 6.5 Reorganization Securities. Subject to the ability of the ABL
Claimholders and the Senior Secured Note Claimholders, as applicable, to support or oppose confirmation or approval of any Conforming Plan of Reorganization or to oppose confirmation or approval of any Non-Conforming Plan of Reorganization, as
provided herein, if, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a Plan of Reorganization, both on account of ABL
Obligations and on account of Senior Secured Note Obligations, then, to the extent the debt obligations distributed on account of the ABL Obligations and on account of the Senior Secured Note Obligations are secured by Liens upon the same property,
the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the debt obligations so distributed, to the Liens securing such debt obligations and the distribution of
Proceeds thereof. 
 Section 6.6 Post-Petition Interest. 

(a) Neither the Senior Secured Notes Agent nor any Senior Secured Note Claimholder shall oppose or seek to challenge: 

(i) any claim by the ABL Facility Collateral Agent or any ABL Claimholder for allowance in any Insolvency or Liquidation
Proceeding of ABL Obligations consisting of post-petition interest, fees or expenses to the extent of the value of the Lien on the ABL Priority Collateral securing any ABL Claimholder’s claim, without regard to the existence of the Lien of the
Senior Secured Notes Agent on behalf of the Senior Secured Note Claimholders on the Collateral; 

  
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 (ii) the payment of such expenses allowed in accordance with
Section 6.6(a)(i); or 
 (iii) the payment of such interest and fees allowed in accordance with
Section 6.6(a)(i) solely from Proceeds of ABL Priority Collateral; 
 provided that nothing contained in this Section 6.6(a)
prohibits the Senior Secured Notes Agent on behalf of the Senior Secured Note Claimholders from seeking adequate protection (to the extent it has not already done so under other provisions of this Agreement) with respect to their rights in the
Senior Secured Notes Priority Collateral in any Insolvency or Liquidation Proceeding if such Senior Secured Notes Priority Collateral is the source of payment of post-petition expenses payable to the ABL Facility Collateral Agent or any ABL
Claimholder. 
 (b) Neither the ABL Facility Collateral Agent nor any other ABL Claimholder shall oppose or seek to challenge: 

(i) any claim by the Senior Secured Notes Agent or any Senior Secured Note Claimholder for allowance in any Insolvency or
Liquidation Proceeding of Senior Secured Note Obligations consisting of post-petition interest, fees or expenses to the extent of the value of the Lien on the Senior Secured Notes Priority Collateral securing any Senior Secured Note
Claimholder’s claim, without regard to the existence of the Lien of the ABL Facility Collateral Agent on behalf of the ABL Claimholders on the Collateral; 

(ii) the payment of such expenses allowed in accordance with Section 6.6(b)(i); or 

(iii) the payment of such interest and fees allowed in accordance with Section 6.6(b)(i) solely from Proceeds
of Senior Secured Notes Priority Collateral 
 provided that nothing contained in this Section 6.6(b) prohibits the ABL Facility
Collateral Agent on behalf of the ABL Claimholders from seeking adequate protection (to the extent it has not already done so under other provisions of this Agreement) with respect to their rights in the ABL Priority Collateral in any Insolvency or
Liquidation Proceeding if such ABL Priority Collateral is the source of payment of post-petition expenses payable to the Senior Secured Notes Agent or any Senior Secured Note Claimholder. 

Section 6.7 Separate Grants of Security and Separate Classification. The Senior Secured Notes Agent, on behalf of the Senior
Secured Note Claimholders, and the ABL Facility Collateral Agent on behalf of the ABL Claimholders, acknowledge and intend that: the grants of Liens pursuant to the ABL Security Documents and the Senior Secured Note Security Documents constitute two
separate and distinct grants of Liens, and because of, among other things, their differing rights in the Collateral, the Senior Secured Note Obligations are fundamentally different from the ABL Obligations and must be separately classified in any
Plan of Reorganization proposed or confirmed (or approved) in an Insolvency or Liquidation 

  
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Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the ABL Claimholders and the Senior Secured Note
Claimholders in respect of the Collateral constitute claims in the same class (rather than separate classes of senior and junior secured claims), then the ABL Claimholders and the Senior Secured Note Claimholders hereby acknowledge and agree that
all distributions shall be made as if there were separate classes of ABL Obligations and Senior Secured Note Obligations against the Grantors (with the effect being that, to the extent that the aggregate value of the ABL Priority Collateral or
Senior Secured Notes Priority Collateral is sufficient (for this purpose ignoring all claims held by the other Secured Parties for whom such Collateral is non-priority in accordance with Section 2.1 and Section 2.2), the ABL
Claimholders or the Senior Secured Note Claimholders, respectively, shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of
post-petition interest, fees or expenses that are available from each pool of priority Collateral for each of the ABL Claimholders and the Senior Secured Note Claimholders, respectively, before any distribution is made in respect of the claims held
by the other Secured Parties for whom such Collateral is non-priority, with such other Secured Parties hereby acknowledging and agreeing to turn over to the respective other Secured Parties amounts otherwise received or receivable by them to the
extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries). 

Section 6.8 Asset Dispositions in an Insolvency or Liquidation Proceeding. 

(a) Without limiting the ABL Facility Collateral Agent’s and the ABL Claimholders’ rights under Section 3.1(b), neither
the Senior Secured Notes Agent nor any other Senior Secured Note Claimholder shall, in any Insolvency or Liquidation Proceeding or otherwise, oppose any sale or other Disposition of any ABL Priority Collateral that is supported by the ABL
Claimholders, and the Senior Secured Notes Agent and each other Senior Secured Note Claimholder will be deemed to have irrevocably, absolutely, and unconditionally consented under Section 363 of the Bankruptcy Code (and otherwise) to any sale
of any ABL Priority Collateral supported by the ABL Claimholders and to have released their Liens on such assets; provided that to the extent the Proceeds of such Collateral are not applied to reduce ABL Obligations the Senior Secured Notes
Agent shall retain a Lien on such Proceeds in accordance with the terms of this Agreement. 
 (b) Without limiting the Senior Secured Notes
Agent’s and the Senior Secured Note Claimholders’ rights under Section 3.2(b), neither the ABL Facility Collateral Agent nor any other ABL Claimholder shall, in any Insolvency Proceeding or otherwise, oppose any sale or other
Disposition of any Senior Secured Notes Priority Collateral that is supported by the Senior Secured Note Claimholders and made subject to Section 3.3(d), and the ABL Facility Collateral Agent and each other ABL Claimholder will be deemed
to have consented under Section 363 of the Bankruptcy Code (and otherwise) to any sale of any Senior Secured Notes Priority Collateral supported by the Senior Secured Note Claimholders and to have released their Liens on such assets;
provided that to the extent the Proceeds of such Collateral are not applied to reduce Senior Secured Note Obligations, the ABL Facility Collateral Agent shall retain a Lien on such Proceeds in accordance with the terms of this Agreement;
provided further that the ABL Facility Collateral Agent’s and the ABL Claimholders’ rights under Sections 3.3 and 3.4 shall survive any such sale or disposition. 

  
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 ARTICLE VII 

Reliance; Waivers; Etc. 

Section 7.1 Reliance. Other than any reliance on the terms of this Agreement, the ABL Facility Collateral Agent, on behalf of the
ABL Claimholders, acknowledges that it and the other ABL Claimholders have, independently and without reliance on the Senior Secured Notes Agent or any Senior Secured Note Claimholder, and based on documents and information deemed by them
appropriate, made their own credit analysis and decision to enter into ABL Loan Documents and be bound by the terms of this Agreement, and they will continue to make their own credit decision in taking or not taking any action under the ABL Loan
Documents or this Agreement; provided that the Collateral Agent, in such capacity, has not made any credit analysis or credit decision in connection with its actions or the performance of its duties in such capacity. The Senior Secured Notes Agent,
on behalf of the Senior Secured Note Claimholders, acknowledges that it and the other Senior Secured Note Claimholders have, independently and without reliance on the ABL Facility Collateral Agent or any other ABL Claimholder, and based on documents
and information deemed by them appropriate, made their own credit analysis and decision to enter into each of the other Senior Secured Note Documents and be bound by the terms of this Agreement, and they will continue to make their own credit
decision in taking or not taking any action under the Senior Secured Note Documents or this Agreement; provided that the Senior Secured Notes Agent, in such capacity, has not made any credit analysis or credit decision in connection with its actions
or the performance of its duties in such capacity. 
 Section 7.2 No Warranties or Liability. The ABL Facility Collateral Agent,
on behalf of the ABL Claimholders, acknowledges and agrees that each of the Senior Secured Notes Agent and the Senior Secured Note Claimholders have made no express or implied representation or warranty, including with respect to the execution,
validity, legality, completeness, collectibility or enforceability of any of the other Senior Secured Note Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon. Except as otherwise provided in this Agreement,
the Senior Secured Notes Agent and the Senior Secured Note Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under the Senior Secured Note Documents in accordance with law and as they may
otherwise, in their sole discretion, deem appropriate. The Senior Secured Notes Agent, on behalf the Senior Secured Note Claimholders, acknowledges and agrees that the ABL Facility Collateral Agent and the other ABL Claimholders have made no express
or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or enforceability of any of the other ABL Loan Documents, the ownership of any Collateral or the perfection or priority
of any Liens thereon. Except as otherwise provided herein, the ABL Facility Collateral Agent and the other ABL Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under their respective ABL Loan
Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate. Other than as provided in Sections 5.3(c) and (d), The Senior Secured Notes Agent and the Senior Secured Note Claimholders shall have no duty to
the ABL Facility Collateral Agent or any of the ABL Claimholders, and the ABL Facility Collateral Agent and the other ABL Claimholders shall have no duty to the Senior Secured Notes Agent or any of the other Senior Secured Note Claimholders, to act
or refrain from acting in a manner which allows, or results in, the occurrence or continuance of an event of default or default under any agreements with any Grantor (including the ABL Loan Documents and the Senior Secured Note Documents),
regardless of any knowledge thereof which they may have or be charged with. 

  
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 Section 7.3 No Waiver of Lien Priorities. 

(a) No right of the Agents, the other ABL Claimholders or the other Senior Secured Note Claimholders to enforce any provision of this Agreement
or any ABL Loan Document or Senior Secured Note Document shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of any Grantor or by any act or failure to act by such Agents, ABL Claimholders or Senior
Secured Note Claimholders or by any noncompliance by any Person with the terms, provisions and covenants of this Agreement, any of the ABL Loan Documents or any of the Senior Secured Note Documents, regardless of any knowledge thereof which the
Agents or the ABL Claimholders or Senior Secured Note Claimholders, or any of them, may have or be otherwise charged with. 
 (b) Without in
any way limiting the generality of the foregoing paragraph (but subject to the rights of the Grantors under the ABL Loan Documents and Senior Secured Note Documents and subject to the provisions of Sections 5.3(a), 5.3(c), and, as
applicable, 5.3(d)), the Agents, the other ABL Claimholders and the other Senior Secured Note Claimholders may, at any time and from time to time in accordance with the ABL Loan Documents and Senior Secured Note Documents and/or applicable
law, without the consent of, or notice to, the other Agent or the ABL Claimholder or the Senior Secured Note Claimholders (as applicable), without incurring any liabilities to such Persons and without impairing or releasing the Lien priorities and
other benefits provided in this Agreement (even if any right of subrogation or other right or remedy is affected, impaired or extinguished thereby) do any one or more of the following: 

(i) change the manner, place or terms of payment or change or extend the time of payment of, or amend, renew, exchange,
increase or alter, the terms of any of the Obligations or any Lien or guaranty thereof or any liability of any Grantor, or any liability incurred directly or indirectly in respect thereof (including any increase in or extension of the Obligations,
without any restriction as to the tenor or terms of any such increase or extension) or otherwise amend, renew, exchange, extend, modify or supplement in any manner any Liens held by the Agents or any rights or remedies under any of the ABL Loan
Documents or the Senior Secured Note Documents; 
 (ii) sell, exchange, release, surrender, realize upon, enforce or
otherwise deal with in any manner and in any order any part of the Collateral (except to the extent provided in this Agreement) or any liability of any Grantor or any liability incurred directly or indirectly in respect thereof; 

(iii) settle or compromise any Obligation or any other liability of any Grantor or any security therefor or any liability
incurred directly or indirectly in respect thereof and apply any sums by whomsoever paid and however realized to any liability in any manner or order that is not inconsistent with the terms of this Agreement; and 

  
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 (iv) exercise or delay in or refrain from exercising any right or remedy against
any security or any Grantor or any other Person, elect any remedy and otherwise deal freely with any Grantor. 
 Section 7.4
Obligations Unconditional. All rights, interests, agreements and obligations of the ABL Claimholders and the Senior Secured Note Claimholders, respectively, hereunder shall remain in full force and effect irrespective of: 

(a) any lack of validity or enforceability of any ABL Loan Documents or any Senior Secured Note Documents; 

(b) except, in each case, as otherwise expressly set forth in this Agreement, any change in the time, manner or place of
payment of, or in any other terms of, all or any of the ABL Obligations or Senior Secured Note Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of
the terms of any ABL Loan Document or any Senior Secured Note Document; 
 (c) except as otherwise expressly set forth
in this Agreement, any exchange, release, voiding, avoidance or non-perfection of any security interest in any Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or
otherwise, of all or any of the ABL Obligations or Senior Secured Note Obligations or any guaranty thereof; 
 (d) the
commencement of any Insolvency or Liquidation Proceeding in respect of any Grantor; or 
 (e) any other circumstances
which otherwise might constitute a defense available to, or a discharge of, any Grantor in respect of the ABL Facility Collateral Agent, the ABL Obligations, any ABL Claimholder, the Senior Secured Notes Agent, the Senior Secured Note Obligations or
any Senior Secured Note Claimholder in respect of this Agreement. 
 ARTICLE VIII 

Miscellaneous 

Section 8.1 Conflicts. In the event of any conflict between the provisions of this Agreement and the provisions of any ABL Loan
Document or any Senior Secured Note Document, the provisions of this Agreement shall govern and control. 
 Section 8.2
Effectiveness; Continuing Nature of this Agreement; Severability. This Agreement shall become effective when executed and delivered by the parties hereto. This is a continuing agreement of Lien subordination (as opposed to an agreement of
debt or claim subordination), and the ABL Claimholders and Senior Secured Note Claimholders may continue, at any time and without notice to the other Agent, to extend credit and other financial accommodations and lend monies to or for the benefit of
any Grantor in reliance hereon. Each of the Agents, on behalf the ABL Claimholders or the Senior Secured Note Claimholders, as 

  
 Page 46 

 
applicable, hereby irrevocably, absolutely, and unconditionally waives any right any Claimholder may have under applicable law to revoke this Agreement or any of the provisions of this Agreement.
The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency or Liquidation Proceeding. Consistent with, but not in limitation of, the preceding sentence, each of the Agents, on behalf of the ABL
Claimholders and the Senior Secured Note Claimholders, as applicable, irrevocably acknowledges that this Agreement constitutes a “subordination agreement” within the meaning of both New York law and Section 510(a) of the Bankruptcy
Code. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall not invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. All references to any Grantor shall include such Grantor as debtor and debtor-in-possession and any receiver or trustee for any Grantor (as applicable) in any Insolvency or Liquidation
Proceeding. This Agreement shall terminate and be of no further force and effect: 
 (a) with respect to the ABL Facility
Collateral Agent, the ABL Claimholders and the ABL Obligations, the date the Discharge of ABL Obligations occurs, subject to the rights of the ABL Claimholders under Section 6.4; and 

(b) with respect to the Senior Secured Notes Agent, the Senior Secured Note Claimholders and the Senior Secured Note
Obligations, the date the Discharge of Senior Secured Note Obligations occurs, subject to the rights of the Senior Secured Note Claimholders under Section 6.4. 

Section 8.3 Amendments; Waivers. No amendment, modification or waiver of any of the provisions of this Agreement by the Senior
Secured Notes Agent or the ABL Facility Collateral Agent shall be deemed to be made unless the same shall be in writing signed on behalf of each party hereto and each waiver, if any, shall be a waiver only with respect to the specific instance
involved and shall in no way impair the rights of the parties making such waiver or the obligations of the other parties to such party in any other respect or at any other time. Notwithstanding the foregoing, no Grantor shall have any right to
consent to or approve any amendment, modification or waiver of any provision of this Agreement except to the extent its rights or obligations are directly and adversely affected. 

Section 8.4 Information Concerning Financial Condition of the Issuers and Their Subsidiaries. The ABL Facility Collateral Agent
and the ABL Claimholders, on the one hand, and the Senior Secured Notes Agent and the Senior Secured Note Claimholders, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Issuers,
Holdings and the Company Subsidiaries and all endorsers and/or guarantors and other Grantors of the ABL Obligations or the Senior Secured Note Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the ABL
Obligations or the Senior Secured Note Obligations. Neither the ABL Claimholders, on the one hand, nor the Senior Secured Note Claimholders, on the other hand, shall have any duty to advise the other of information known to it or them regarding such
condition or any such circumstances or otherwise. In the event that either the ABL Facility Collateral Agent or any of the other ABL Claimholders, on the one hand, or the Senior Secured Notes Agent or any of the other Senior Secured Note
Claimholders, on the other hand, undertakes at any time or from time to time to 

  
 Page 47 

 
provide any such information to any of the others, it or they shall be under no obligation, (i) to make, and shall not make, any express or implied representation or warranty, including with
respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (ii) to provide any additional information or to provide any such information on any subsequent occasion, (iii) to undertake any
investigation, or (iv) to disclose any information, which pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. 

Section 8.5 Subrogation. (a) With respect to the value of any payments or distributions in cash, property or other assets
that any of the Senior Secured Note Claimholders actually pays over to the ABL Facility Collateral Agent or the ABL Claimholders under the terms of this Agreement, the Senior Secured Note Claimholders shall be subrogated to the rights of the ABL
Claimholders; provided, however, that the Senior Secured Notes Agent, on behalf of the Senior Secured Note Claimholders, hereby agrees not to assert or enforce all such rights of subrogation it may acquire as a result of any payment
hereunder until the Discharge of ABL Obligations has occurred. The Grantors acknowledge and agree that, to the extent permitted by applicable law, the value of any payments or distributions in cash, property or other assets received by the Senior
Secured Note Claimholders that are paid over to the ABL Claimholders pursuant to this Agreement shall not reduce any of the Senior Secured Note Obligations. Notwithstanding the foregoing provisions of this Section 8.5(a), none of the
Senior Secured Note Claimholders shall have any claim against any of the ABL Claimholders for any impairment of any subrogation rights herein granted to the Senior Secured Note Claimholders. 

(b) With respect to the value of any payments or distributions in cash, property or other assets that any of the ABL Claimholders actually
pays over to the Senior Secured Note Claimholders under the terms of this Agreement, the ABL Claimholders shall be subrogated to the rights of the Senior Secured Note Claimholders; provided, however, that the ABL Facility Collateral
Agent, on behalf of the ABL Claimholders, hereby agrees not to assert or enforce all such rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Secured Note Obligations has occurred. The Grantors
acknowledge and agree that, to the extent permitted by applicable law, the value of any payments or distributions in cash, property or other assets received by the ABL Claimholders that are paid over to the Senior Secured Note Claimholders pursuant
to this Agreement shall not reduce any of the ABL Obligations. Notwithstanding the foregoing provisions of this Section 8.5(b), none of the ABL Claimholders shall have any claim against any of the Senior Secured Note Claimholders for any
impairment of any subrogation rights herein granted to the ABL Claimholders. 
 Section 8.6 SUBMISSION TO JURISDICTION; WAIVERS.

 (a) ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PERSON ARISING OUT OF OR RELATING HERETO MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF
COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH PARTY, FOR ITSELF AND ON BEHALF OF THE SENIOR SECURED NOTE CLAIMHOLDERS (IN THE CASE OF THE SENIOR SECURED NOTES AGENT) AND THE ABL
CLAIMHOLDERS (IN THE CASE OF THE ABL FACILITY COLLATERAL AGENT), IRREVOCABLY: 

  
 Page 48 

 (i) AGREES THAT THE ONLY NECESSARY PARTIES TO ANY AND ALL JUDICIAL PROCEEDINGS
ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE THE PARTIES HERETO, EXCEPT WHERE IN ANY SUCH JUDICIAL PROCEEDING RELIEF (INCLUDING INJUNCTIVE RELIEF OR THE RECOVERY OF MONEY) IS BEING SOUGHT DIRECTLY AGAINST OR FROM A PERSON THAT IS NOT A
PARTY AND EXCEPT THAT, IN ANY SUCH JUDICIAL PROCEEDINGS BETWEEN THE SENIOR SECURED NOTES AGENT AND THE ABL FACILITY COLLATERAL AGENT THAT DOES NOT SEEK ANY RELIEF AGAINST OR FROM THE ISSUERS, HOLDINGS OR ANY OF THE COMPANY SUBSIDIARIES, THE ISSUERS,
HOLDINGS AND THE COMPANY SUBSIDIARIES SHALL NOT BE NECESSARY PARTIES. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, AND CONSISTENT WITH THE PROVISIONS OF SECTIONS 8.14 AND 8.17, NONE OF THE ABL CLAIMHOLDERS (OTHER THAN THE ABL
FACILITY COLLATERAL AGENT) OR THE SENIOR SECURED NOTE CLAIMHOLDERS (OTHER THAN THE SENIOR SECURED NOTES AGENT) SHALL BE NECESSARY OR OTHERWISE APPROPRIATE PARTIES TO ANY SUCH JUDICIAL PROCEEDINGS, UNLESS IN SUCH JUDICIAL PROCEEDING SUMS ARE BEING
SOUGHT TO BE RECOVERED DIRECTLY FROM SUCH PERSONS, INCLUDING PURSUANT TO SECTION 4.2; 
 (ii) ACCEPTS GENERALLY AND
UNCONDITIONALLY THE NONEXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; 
 (iii) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS;

 (iv) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED
MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE PERSON (AND IN THE CASE OF A PARTY, AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 8.7); AND 

(v) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (iv) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE
PERSON IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT. 
 (b) WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, ANY OF THE ABL LOAN DOCUMENTS OR ANY OF THE
SENIOR SECURED NOTE DOCUMENTS. EACH OF THE PARTIES HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF 

  
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ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND
THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE ABL LOAN DOCUMENTS AND THE SENIOR SECURED NOTE DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8.6. 

Section 8.7 Notices. All notices permitted or required under this Agreement need be sent only to the Senior Secured Notes Agent
and the ABL Facility Collateral Agent, as applicable, in order to be effective and otherwise binding on any applicable Claimholder. If any notice is sent for whatever reason to the other Senior Secured Note Claimholders or the ABL Claimholders, such
notice shall also be sent to the applicable Agent and to the Company. Unless otherwise specifically provided herein, any notice hereunder shall be in writing and may be personally served or sent by telefacsimile or United States mail or courier
service and shall be deemed to have been given when delivered in person or by overnight courier service and signed for against receipt thereof, upon receipt of telefacsimile during normal business hours, or three Business Days after depositing it in
the United States certified mails (return receipt requested) with postage prepaid and properly addressed. For the purposes hereof, the addresses of the parties hereto shall be as set forth below each party’s name on the signature pages hereto,
or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties. 

Section 8.8 Further Assurances. The ABL Facility Collateral Agent, on behalf of the ABL Claimholders, and the Senior Secured Notes
Agent, on behalf of the Senior Secured Note Claimholders, and the Grantors, agree that each of them shall take such further action and shall execute and deliver such additional documents and instruments (in recordable form, if requested) as the ABL
Facility Collateral Agent or the Senior Secured Notes Agent may reasonably request to effectuate the terms of and the Lien priorities contemplated by this Agreement. 

Section 8.9 APPLICABLE LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED AND ENFORCED
IN ACCORDANCE WITH AND BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 Section 8.10 Specific Performance. Each of the ABL
Facility Collateral Agent and the Senior Secured Notes Agent may demand specific performance of this Agreement. The ABL Facility Collateral Agent, on behalf of itself and the ABL Claimholders, and the Senior Secured Notes Agent, on behalf of itself
and the Senior Secured Note Claimholders, hereby irrevocably waive any defense based on the adequacy of a remedy at law and any other defense which might be asserted to bar the remedy of specific performance in any action which may be brought by the
ABL Facility Collateral Agent or the other ABL Claimholders or the Senior Secured Notes Agent or the other Senior Secured Note Claimholders, as applicable. Without limiting the generality of the foregoing or of the other provisions of this
Agreement, in seeking specific performance in any Insolvency or Liquidation Proceeding, an Agent may seek such relief as if it were the “holder” of the claims of the other Agent’s Claimholders under Section 1126(a) of the Bankruptcy
Code or otherwise had been granted an irrevocable power of attorney by the other Agent’s Claimholders. 

  
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 Section 8.11 Headings. Section headings in this Agreement are included herein for
convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect. 

Section 8.12 Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on
separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. In proving this Agreement in any judicial proceedings, it shall not be necessary to
produce or account for more than one such counterpart signed by the party against whom such enforcement is sought. A set of counterparts executed by all the parties hereto shall be lodged with the Issuers and the Agents. Delivery of an executed
counterpart hereof by facsimile or electronic transmission shall be as effective as delivery of an original executed counterpart hereof. 

Section 8.13 Authorization. By its signature, each party hereto represents and warrants to the other parties hereto that the
individual signing this Agreement on its behalf is duly authorized to execute this Agreement. The Senior Secured Notes Agent hereby represents that it is authorized to, and by its signature hereon does, bind the Holders of the Notes, and the other
Senior Secured Note Claimholders who duly authorize and appoint the Senior Secured Notes Agent, to the terms of this Agreement. The ABL Facility Collateral Agent hereby represents that it is authorized to, and by its signature hereon does, bind the
other ABL Claimholders to the terms of this Agreement. 
 Section 8.14 No Third Party Beneficiaries. This Agreement and the
rights and benefits hereof shall inure to the benefit of each of the parties hereto and its respective successors and assigns and shall inure to the benefit of (and shall be binding upon) each of the Agents, the other ABL Claimholders and the other
Senior Secured Note Claimholders and their respective successors and assigns. Without limiting the generality of the foregoing, each of the Senior Secured Notes Indenture, each Additional Pari Passu Notes Agreement, each Senior Secured Note Security
Document and each ABL Security Document shall expressly refer to this Agreement and acknowledge that its provisions shall be binding on the Senior Secured Notes Agent, and the other Senior Secured Note Claimholders (and their respective successors
and assigns) and on the ABL Facility Collateral Agent and the other ABL Claimholders (and their respective successors and assigns), as applicable, and, in any event, this Agreement shall be binding on the Agents, the other ABL Claimholders, and the
other Senior Secured Note Claimholders and their respective successors and assigns as if its provisions were set forth in their entirety in the ABL Credit Agreement, the Senior Secured Notes Indenture and each Additional Pari Passu Notes Agreement.

 Section 8.15 Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for
the purpose of defining the relative rights of the ABL Claimholders on the one hand and the Senior Secured Note Claimholders on the other hand. Except as set forth in the last sentence of Section 8.3, no Grantor or any other creditor
thereof shall have any rights hereunder, and no Grantor may rely on the terms hereof. Nothing in this 

  
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Agreement is intended to or shall impair as between the Grantors and the ABL Facility Collateral Agent and the other ABL Claimholders, or as between the Grantors and the Senior Secured Notes
Agent and the other Senior Secured Note Claimholders, the obligations of any Grantor, which are absolute and unconditional, to pay principal, interest, fees and other amounts as provided in the other ABL Loan Documents and the other Senior Secured
Note Documents, respectively, including as and when the same shall become due and payable in accordance with their terms. 

Section 8.16 Marshalling of Assets. The Senior Secured Notes Agent, on behalf of the Senior Secured Note Claimholders, hereby
irrevocably, absolutely, and unconditionally waives any and all rights or powers any Senior Secured Note Claimholder may have at any time under applicable law or otherwise to have the ABL Priority Collateral, or any part thereof, marshaled upon any
foreclosure or other enforcement of the ABL Facility Collateral Agent’s Liens. The ABL Facility Collateral Agent, on behalf of the ABL Claimholders, hereby waives irrevocably, absolutely, and unconditionally any and all rights any ABL
Claimholder may have at any time under applicable law or otherwise to have the Senior Secured Notes Priority Collateral, or any part thereof, marshaled upon any foreclosure or other enforcement of the Senior Secured Notes Agent’s Liens. 

Section 8.17 Exclusive Means of Exercising Rights under this Agreement. The Senior Secured Note Claimholders shall be deemed to
have irrevocably appointed the Senior Secured Notes Agent, and the ABL Claimholders shall be deemed to have irrevocably appointed the ABL Facility Collateral Agent, as their respective and exclusive agents hereunder. Consistent with such
appointment, the Senior Secured Note Claimholders and the ABL Claimholders further shall be deemed to have agreed that only their respective Agent (and not any individual Claimholder or group of Claimholders) shall have the exclusive right to
exercise any rights, powers or remedies under or in connection with this Agreement (including bringing any action to interpret or otherwise enforce the provisions of this Agreement) or the Collateral; provided, that (i) ABL Claimholders
holding Obligations in respect to Bank Products or Obligations in respect of ABL Secured Hedging Agreements may exercise customary netting rights with respect thereto, (ii) cash collateral may be held pursuant to the terms of the ABL Loan
Documents (including any relating to Bank Products or ABL Secured Hedging Agreements) and any such individual ABL Claimholder may act against such Collateral, and (iii) ABL Claimholders may exercise customary rights of setoff against depository
or other accounts maintained with them. Specifically, but without limiting the generality of the foregoing, each Noteholder or group of Senior Secured Note Claimholders, and each ABL Lender or group of ABL Claimholders, shall not be entitled to take
or file, but instead shall be precluded from taking or filing (whether in any Insolvency or Liquidation Proceeding or otherwise), any action, judicial or otherwise, to enforce any right or power or pursue any remedy under this Agreement (including
any declaratory judgment or other action to interpret or otherwise enforce the provisions of this Agreement) or otherwise in relation to the Collateral, except solely as provided in the proviso in the preceding sentence. 

Section 8.18 Interpretation. This Agreement is a product of negotiations among representatives of, and has been reviewed by
counsel to, the initial purchasers of the Initial Senior Secured Notes, the Senior Secured Notes Agent, the ABL Facility Collateral Agent, the Issuers, Holdings, and the Company Subsidiaries and is the product of those Persons on behalf of

  
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themselves and the Senior Secured Note Claimholders (in the case of the initial purchasers of the Initial Senior Secured Notes) and the ABL Claimholders (in the case of the ABL Claimholders).
Accordingly, this Agreement’s provisions shall not be construed against, or in favor of, any party or other Person merely by virtue of that party or other Person’s involvement, or lack of involvement, in the preparation of this Agreement
and of any of its specific provisions. 
 Section 8.19 Capacity of Senior Secured Notes Agent. Wells Fargo Bank, National
Association is entering into this Agreement solely in its capacity as Trustee and Collateral Agent under the Senior Secured Notes Indenture and the rights, powers, privileges and protections afforded to the Trustee and Collateral Agent under the
Senior Secured Notes Indenture shall also apply to Wells Fargo Bank, National Association as the Senior Secured Notes Agent hereunder. The Senior Secured Notes Indenture expressly authorizes the Senior Secured Notes Agent to execute and deliver this
Agreement. The rights, powers and privileges afforded to the Additional Pari Passu Notes Agent under the Additional Pari Passu Notes Agreement shall also apply to the Senior Secured Notes Agent hereunder. 

Section 8.20 Termination. This Agreement shall terminate and be of no further force and effect upon the Discharge of the ABL
Obligations or upon the Discharge of the Senior Secured Note Obligations, subject to the rights of the ABL Claimholders and the Senior Secured Note Claimholders, as applicable, under Section 6.4. 

[Remainder of this page intentionally left blank; Signature Pages Follow] 

  
 Page 53 

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

									
	ABL Facility Collateral Agent:	 		 	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity, but solely in its capacity as Administrative Agent and Collateral Agent under the ABL Credit Agreement, as ABL Facility Collateral Agent
				
		 		 	 By:
	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
				
		 		 	 By:
	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
			
	Notice Address:	 		 	 60 Wall Street
 New York, NY
10006
 Attention: Scottye Lindsey
 Telephone No.: (212)
250-6115
 Fax No.: (646) 736-7095

			
	Senior Secured Notes Agent:	 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity, but solely in its capacity as Trustee and Collateral Agent under the Senior Secured Notes Indenture and Collateral Agent under the Senior Secured
Note Documents, as Senior Secured Notes Agent
				
		 		 	 By:
	 	 
		 		 		 		 	Name: Patrick Giordano
		 		 		 		 	Title: Vice President
		 		 		 		 	
		 	Notice Address:	 		 	 1445 Ross Avenue- 2nd Floor
 Dallas,
TX 75202-2812
 Attention: Corporate Trust Services
 Telephone
No.: (214) 740-1573
 Fax No.: (214) 777-4086

 Bi-Lo Intercreditor Agreement 

  
 Page 54 

 Acknowledged and Agreed to by: 

 

									
	 c/o BI-LO Holding, LLC,
 208 BI-LO
Boulevard
	 		 	BI-LO HOLDING, LLC
	Greenville, South Carolina 29607	 		 	By:	 	 
	Attention: Kenneth Jones	 		 		 	Name:
	Facsimile: (864)234-6999	 		 		 	Title:
		 		 		 		 	
	with a copy to:	 		 	
			
		 		 	BI-LO, LLC
				
	 Hudson Advisors, LLC
 2711 N.
Haskell Avenue, Suite 1800
 Dallas, Texas 75204
	 		 	By:	 	 
	Attention: Legal Department	 		 		 	Name:
	Facsimile: (214) 754-8302	 		 		 	Title:
			
		 		 	BI-LO, FINANCE CORP.
				
		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
			
		 		 	BG CARDS, LLC
				
		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
			
		 		 	ARP BALLENTINE LLC
				
		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
			
		 		 	ARP CHICKAMAUGA LLC
				
		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:

 Bi-Lo Intercreditor Agreement 

  
 Page 55 

									
			
		 		 	ARP HARTSVILLE LLC
				
		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
			
		 		 	ARP JAMES ISLAND LLC
				
		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
			
		 		 	ARP MOONVILLE LLC
				
		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
			
		 		 	ARP MORGANTON LLC
				
		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
			
		 		 	ARP WINSTON SALEM LLC
				
		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:

 Bi-Lo Intercreditor Agreement 

  
 Page 56 

 EXHIBIT F 

FORM OF INCREMENTAL COMMITMENT AGREEMENT 

[Name(s) of Lender(s)] 
 [Date]

 BI-LO Holding, LLC 
 208 BI-LO Boulevard 

Greenville, South Carolina 29607 
 Attention: Kenneth Jones 

Phone: (864) 987-8380 
 Fax: (864) 234- 6999 

BI-LO, LLC 
 208 BI-LO Boulevard 

Greenville, South Carolina 29607 
 Attention: Kenneth Jones 

Phone: (864) 987-8380 
 Fax: (864) 234- 6999 

 

	Re:	Incremental Commitments  

 Ladies and Gentlemen: 

Reference is hereby made to the ABL Credit Agreement, dated as of March 9, 2012, among BI-LO Holding, LLC (“Holdings”),
BI-LO, LLC (the “Borrower”), the lenders from time to time party thereto (the “Lenders”), Citibank, N.A., as Syndication Agent, Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as
Co-Documentation Agents, Deutsche Bank Trust Company Americas, as Administrative Agent (the “Administrative Agent”) and as Collateral Agent, and Citibank, N.A., Deutsche Bank Trust Company Americas and Wells Fargo Bank, National
Association, as Collateral Monitors (as amended, restated, modified or supplemented from time to time, the “Credit Agreement”). Unless otherwise defined herein, capitalized terms used herein shall have the respective meanings set
forth in the Credit Agreement. Each lender (each an “Incremental Lender”) party to this letter agreement (this “Agreement”) hereby severally agrees to provide the Incremental Commitment set forth opposite its name
on Annex I attached hereto (for each such Incremental Lender, its “Incremental Commitment”). Each Incremental Commitment provided pursuant to this Agreement shall be subject to all of the terms and conditions set forth in the
Credit Agreement, including, without limitation, Sections 2.01(a) and 2.14 thereof. 
 Each Incremental Lender, the Borrower and the
Administrative Agent acknowledge and agree that the Incremental Commitments provided pursuant to this Agreement shall constitute Incremental Commitments and, upon the Agreement Effective Date (as hereinafter defined), the Incremental Commitment of
each Incremental Lender shall become, or 

 
in the case of an existing Lender, shall be added to (and thereafter become a part of), the Revolving Loan Commitment of such Incremental Lender. Each Incremental Lender, the Borrower and the
Administrative Agent further agree that, with respect to the Incremental Commitment provided by each Incremental Lender pursuant to this Agreement, such Incremental Lender shall receive from the Borrower such upfront fees and/or other fees, if any,
as may be separately agreed to in writing with the Borrower and acknowledged by the Administrative Agent (such acknowledgement not to be unreasonably withheld), all of which fees shall be due and payable to such Incremental Lender on the terms and
conditions set forth in each such separate agreement. 
 Furthermore, each of the parties to this Agreement hereby agrees to the terms and
conditions set forth on Annex I hereto in respect of each Incremental Commitment provided pursuant to this Agreement. 
 Each
Incremental Lender party to this Agreement, to the extent not already a party to the Credit Agreement as a Lender thereunder, (i) confirms that it is an Eligible Transferee, (ii) confirms that it has received a copy of the Credit Agreement
and the other Credit Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement and
to become a Lender under the Credit Agreement, (iii) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the Credit Agreement and the other Credit Documents, (iv) appoints and authorizes the Administrative Agent, the Collateral Agent and the Collateral Monitors to take
such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Credit Documents as are delegated to the Administrative Agent, the Collateral Agent and the Collateral Monitors, as the case may be, by the terms
thereof, together with such powers as are reasonably incidental thereto, (v) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement and the other Credit Documents are
required to be performed by it as a Lender, and (vi) in the case of each Incremental Lender organized under the laws of a jurisdiction outside the United States, attaches the forms and/or Section 5.04(b)(ii) Certificate referred to in
Section 5.04(b) of the Credit Agreement. 
 Upon the date of (i) the execution of a counterpart of this Agreement by each
Incremental Lender, the Borrower, Holdings, each Subsidiary Guarantor, the Administrative Agent, the Swingline Lender and each Issuing Lender if required pursuant to Section 2.14(a)(ii) of the Credit Agreement, (ii) the delivery to the
Administrative Agent, Holdings and the Borrower of a fully executed counterpart (including by way of facsimile or other electronic transmission) hereof, (iii) the payment of any fees then due and payable in connection herewith, (iv) the
satisfaction of the Incremental Commitment Requirements and (v) the satisfaction of any other conditions precedent set forth in Section 4 of Annex I hereto (such date, the “Agreement Effective Date”), each
Incremental Lender party hereto (i) shall be obligated to make the Revolving Loans provided to be made by it as provided in this Agreement, and participate in Swingline Loans and Letters of Credit made or issued on the terms, and subject to the
conditions, set forth in the Credit Agreement and in this Agreement and (ii) shall constitute a Lender for all purposes of the Credit Agreement and each other applicable Credit Document. 

  
 Page 2 

 The Borrower acknowledges and agrees that (i) it shall be liable for all Obligations with
respect to the Incremental Commitments provided hereby as provided in the Credit Agreement including, without limitation, all Revolving Loans made pursuant thereto, and (ii) all such Obligations (including all such Revolving Loans) shall be
entitled to the benefits of the respective Security Documents and Guaranties in accordance with the requirements of the Credit Agreement. 

The Borrower acknowledges and agrees that, on the Incremental Commitment Date, (i) the representations and warranties contained in the
Credit Agreement and in the other Credit Documents are true and correct in all material respects with the same effect as though such representations and warranties had been made on the Incremental Commitment Date, both before and after giving effect
to any Credit Event to occur on the Incremental Commitment Date and the application of the proceeds thereof (it being understood and agreed that (x) any representation or warranty which by its terms is made as of a specified date shall be
required to be true and correct in all material respects only as of such specified date and (y) any representation or warranty that is qualified by an Applicable Qualifier shall be true and correct in all respects as written, including by
giving effect to such Applicable Qualifier as of any such date), and (ii) no Default or Event of Default exists or would exist after giving effect to any Credit Event to occur on the Incremental Commitment Date or the application of proceeds
therefrom. 
 Holdings and each Subsidiary Guarantor acknowledge and agree that all Obligations with respect to the Incremental Commitments
provided hereby and all Revolving Loans made pursuant thereto shall (i) be fully guaranteed pursuant to the relevant Guaranties as, and to the extent, provided therein and in the Credit Agreement and (ii) be entitled to the benefits of the
Credit Documents as, and to the extent, provided therein and in the Credit Agreement. 
 Attached hereto as Annex II are true and
correct copies of officers’ certificates, board of director (or equivalent) resolutions and good standing certificates (to the extent available under applicable law) of the Credit Parties required to be delivered pursuant to clause (iv) of
the definition of “Incremental Commitment Requirements” appearing in Section 1.01 of the Credit Agreement. 
 Attached hereto
as Annex III is a true and correct copy of the officer’s certificate of Holdings required to be delivered pursuant to clause (v) of the definition of “Incremental Commitment Requirements” appearing in Section 1.01 of
the Credit Agreement. 
 You may accept this Agreement by signing the enclosed copies in the space provided below, and returning one copy of
same to us before the close of business on                     , 20    . If you do not so accept this Agreement by such time, our
Incremental Commitments set forth in this Agreement shall be deemed canceled. 
 After the execution and delivery to the Administrative
Agent of a fully executed copy of this Agreement (including by way of counterparts and by facsimile or other electronic transmission) by the parties hereto, this Agreement may only be changed, modified or varied by written instrument in accordance
with the requirements for the modification of Credit Documents pursuant to Section 13.12 of the Credit Agreement. 

  
 Page 3 

 In the event of any conflict between the terms of this Agreement and those of the Credit
Agreement, the terms of the Credit Agreement shall control. 

*        *        * 

  
 Page 4 

 THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF
NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 
  

			
	 Very truly yours,
  

[NAME OF EACH INCREMENTAL LENDER]

		
	By	 	 
		 	Name:
		 	Title:

 Agreed and Accepted 
 this
[        ] day of [                    , 20    ]: 

 

			
	BI-LO HOLDING, LLC
		
	By:	 	 

			
	Name:	 	
	Title:	 	

  

			
	BI-LO, LLC
		
	By:	 	 

			
	Name:	 	
	Title:	 	

  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and Swingline Lender
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:

  
 Page 5 

			
	[EACH ISSUING LENDER]
		
	By:	 	 
		 	Name:
		 	Title:]1

  

	1 	To be required if any Incremental Lender is not already a Lender. 

  
 Page 6 

 Each Subsidiary Guarantor acknowledges and agrees to each the foregoing provisions of this
Incremental Commitment Agreement and to the incurrence of the Revolving Loans to be made pursuant thereto. 
  

			
	 [EACH SUBSIDIARY GUARANTOR], as a

Subsidiary Guarantor

		
	By:	 	 
		 	Name:
		 	Title:

  
 Page 7 

 ANNEX I 

TERMS AND CONDITIONS FOR INCREMENTAL COMMITMENT AGREEMENT 

Dated as of                     ,
         
  

	1.	Name of the Borrower: BI-LO, LLC 

  

	2.	Incremental Commitment amounts (as of the Agreement Effective Date): 

  

							
	Names of Incremental Lenders	  	Amount of Incremental Commitment	  	

 Total:1 

 

	3.	Applicable Margins and Adjustable Applicable Margins to be applicable to all Revolving Loans2 

 

	4.	Other Conditions Precedent:3 

  

	1	The aggregate amount of Incremental Commitments must be at least $25,000,000 (or such lesser amount that is acceptable to the Administrative Agent). The aggregate
amount of all Incremental Commitments permitted to be provided pursuant to Section 2.14 of the Credit Agreement shall not exceed in the aggregate $200,000,000. 

	2	Insert the Applicable Margins that shall apply to the Revolving Loans to be made pursuant to the Incremental Commitments being provided hereunder; provided if
the Applicable Margins with respect to the Revolving Loans to be incurred pursuant to an Incremental Commitment shall be higher in any respect than those applicable to any other Loans, the Applicable Margins for the other Loans and extension of
credit under the Credit Agreement shall be automatically increased as and to the extent needed to eliminate any deficiencies in accordance with the definition of “Applicable Margin” in the Credit Agreement. 

	3	Insert any additional conditions precedent which may be required to be satisfied prior to the Agreement Effective Date. 

 ANNEX II 

[True and correct copies of officers’ certificates, board of director (or equivalent) resolutions and good standing certificates (to the
extent available under applicable law) of the Credit Parties, delivered pursuant to clause (iv) of the definition of “Incremental Commitment Requirements” appearing in Section 1.01 of the Credit Agreement.] 

 ANNEX III 

[True and correct copy of the Officer’s Certificate of Holdings required to be delivered pursuant to clause (v) of the definition of
“Incremental Commitment Requirements” appearing in Section 1.01 of the Credit Agreement.] 

 EXHIBIT I 
  

 
  

FORM OF 
 SECURITY AGREEMENT 

among 
 BI-LO HOLDING, LLC, 

BI-LO, LLC, 
 CERTAIN SUBSIDIARIES
OF BI-LO, LLC 
 and 
 DEUTSCHE
BANK TRUST COMPANY AMERICAS, 
 as COLLATERAL AGENT 
  

 
 Dated as of
March 9, 2012 
  
  

 
  

 

 SECURITY AGREEMENT 

SECURITY AGREEMENT, dated as of March 9, 2012, made by each of the undersigned assignors (each, an “Assignor” and,
together with any other entity that becomes an assignor hereunder pursuant to Section 10.12 hereof, the “Assignors”) in favor of DEUTSCHE BANK TRUST COMPANY AMERICAS (in its individual capacity, and any successor corporation
thereto by merger, consolidation or otherwise, “DBTCA”), as collateral agent (together with any successor collateral agent, the “Collateral Agent”), for the benefit of the Secured Creditors (as defined below).
Certain capitalized terms as used herein are defined in Article IX hereof. Except as otherwise defined herein, all capitalized terms used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein defined. 

W I T N E S S E T H: 

WHEREAS, BI-LO Holding, LLC, a Delaware limited liability company (“Holdings”), BI-LO, LLC, a Delaware limited liability
company (the “Borrower”), the lenders from time to time party thereto (the “Lenders”), DBTCA, as administrative agent (in such capacity, together with any successor administrative agent, the “Administrative
Agent”) and as Collateral Agent, Citibank, N.A., as Syndication Agent, Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, and Citibank, N.A., DBTCA and Wells Fargo Bank, National
Association, as Collateral Monitors, have entered into an ABL Credit Agreement, dated as of March 9, 2012 (as amended, modified, restated and/or supplemented from time to time, the “Credit Agreement”), providing for the making
of Loans to the Borrower and the issuance of, and participation in, Letters of Credit for the account of the Borrower, all as contemplated therein (the Lenders, each Issuing Lender, the Administrative Agent, the Collateral Agent and the Syndication
Agent are herein called the “Lender Creditors”); 
 WHEREAS, the Borrower and/or one or more of its Subsidiaries have
entered into, or may at any time and from time to time on or after the Effective Date enter into, one or more Secured Hedging Agreements with one or more Lender Counterparties (the “Secured Hedging Creditors”); 

WHEREAS, the Borrower and/or one or more of its Subsidiaries and any Lender (and/or one or more of its banking affiliates) reasonably
acceptable to the Administrative Agent, in each case designated to the Administrative Agent in writing by the Borrower as a provider of Treasury Services (as defined below), including Wells Fargo Bank, National Association who is hereby so
designated (collectively, the “Treasury Services Creditors” and, together with the Lender Creditors and the Secured Hedging Creditors, the “Secured Creditors”) has entered into, or in the future may enter into,
arrangements to provide treasury, depositary or cash management services (including without limitation, overnight overdraft services and lines of credit for the purposes of funding or reimbursing expenses incurred by management employees) to the
Borrower and such Subsidiaries, and automated clearinghouse transfers of funds (collectively, “Treasury Services,” and with any written agreement evidencing such arrangements (for purposes of the various agreements guaranteeing or
securing the Credit Agreement), as amended, modified, supplemented, replaced or refinanced from time to time, herein called a “Treasury Services Agreement”), where such Treasury Services Agreements may be evidenced by standard
account terms of the respective Treasury Services Creditor; 

  
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 WHEREAS, pursuant to the Guaranties, each Pledgor has jointly and severally guaranteed to the
Secured Creditors the payment when due of all Guaranteed Obligations; 
 WHEREAS, the Intercreditor Agreement governs the relative rights
and priorities of the Secured Creditors and the Senior Secured Notes Secured Parties in respect of the ABL Priority Collateral and the Senior Secured Notes Priority Collateral (and with respect to certain other matters as described therein); 

WHEREAS, it is a condition precedent to (i) the making of Loans to, and the issuance of (and participation in) Letters of Credit for the
account of, the Borrower under the Credit Agreement, (ii) the Secured Hedging Creditors entering into Secured Hedging Agreements with the Borrower and/or its Subsidiaries and (iii) the extension of the Treasury Services by Treasury
Services Creditors to the Borrower and/or its Subsidiaries that each Assignor shall have executed and delivered to the Collateral Agent this Agreement; and 

WHEREAS, each Assignor will obtain benefits from the incurrence of Loans by the Borrower and the issuance of (and participation in) Letters of
Credit for the account of the Borrower under the Credit Agreement and the entering into by the Borrower and/or its Subsidiaries of Secured Hedging Agreements with the Secured Hedging Creditors and the extension of Treasury Services to the Borrower
and its Subsidiaries and, accordingly, desires to execute this Agreement in order to (i) satisfy the condition described in the preceding paragraph and (ii) induce (x) the Lenders to make Loans to the Borrower and issue (and/or
participate in) Letters of Credit for the respective accounts of the Borrower, (y) the Secured Hedging Creditors to enter into Secured Hedging Agreements with the Borrower and/or its Subsidiaries and (z) the Treasury Services Creditors to
provide Treasury Services pursuant to Treasury Services Agreements; 
 NOW, THEREFORE, in consideration of the foregoing and other benefits
accruing to each Assignor, the receipt and sufficiency of which are hereby acknowledged, each Assignor hereby makes the following representations and warranties to the Collateral Agent for the benefit of the Secured Creditors and hereby covenants
and agrees with the Collateral Agent for the benefit of the Secured Creditors as follows: 
 ARTICLE I 

SECURITY INTERESTS 
 1.1.
Grant of Security Interests. (a) As security for the prompt and complete payment and performance when due of all of its Obligations, each Assignor does hereby assign and transfer unto the Collateral Agent, and does hereby pledge and
grant to the Collateral Agent, for the benefit of the Secured Creditors, a continuing security interest in all of the right, title and interest of such Assignor in, to and under all of the following personal property and fixtures (and all rights
therein) of such Assignor, or in which or to which such Assignor has any rights, in each case whether now existing or hereafter from time to time acquired: 

  
 -2- 

	 	(i)	each and every Account; 

  

	 	(ii)	all cash; 

  

	 	(iii)	the Cash Collateral Account and all monies, securities, Instruments and other investments deposited or required to be deposited in the Cash Collateral Account; 

 

	 	(iv)	all Chattel Paper (including, without limitation, all Tangible Chattel Paper and all Electronic Chattel Paper); 

  

	 	(v)	all Commercial Tort Claims set forth on Annex G hereto, as amended or supplemented from time to time; 

  

	 	(vi)	all computer programs of such Assignor and all intellectual property rights therein and all other proprietary information of such Assignor, including but not limited to Domain Names and Trade Secret Rights;

  

	 	(vii)	all Contracts, together with all Contract Rights arising thereunder; 

  

	 	(viii)	all Copyrights; 

  

	 	(ix)	all Deposit Accounts and all other demand, deposit, time, savings, cash management, passbook and similar accounts maintained by such Assignor with any Person and all monies, securities, Instruments and other investments
deposited or required to be deposited in any of the foregoing; 

  

	 	(x)	all Documents; 

  

	 	(xi)	all Equipment and fixtures; 

  

	 	(xii)	all General Intangibles; 

  

	 	(xiii)	all Goods; 

  

	 	(xiv)	all Instruments; 

  

	 	(xv)	all Inventory; 

  

	 	(xvi)	all Investment Property; 

  

	 	(xvii)	all Letter-of-Credit Rights (whether or not the respective letter of credit is evidenced by a writing); 

  

	 	(xviii)	all Marks, together with the registrations and right to all renewals thereof, the goodwill of the business of such Assignor symbolized by the Marks and all causes of action arising prior to or after the date hereof for
infringement of any of the Marks or unfair competition regarding the same; 

  
 -3- 

	 	(xix)	all Patents, together with all causes of action arising prior to or after the date hereof for infringement of any of the Patents or unfair competition regarding the same; 

 

	 	(xx)	all Payment Intangibles (including corporate and other tax refunds); 

  

	 	(xxi)	all Permits; 

  

	 	(xxii)	all Prescription Lists; 

  

	 	(xxiii)	all Software and all Software licensing rights, all writings, plans, specifications and schematics, all engineering drawings, customer lists, goodwill and licenses, and all recorded data of any kind or nature,
regardless of the medium of recording; 

  

	 	(xxiv)	all Supporting Obligations, related letters of credit, guaranties and collateral liens; 

  

	 	(xxv)	all books and records relating to the items referred to in the preceding clauses (i) through (xxiv) (including all books, databases, customer lists, and records, whether tangible or electronic, which contain
any information relating to any of the items referred to in the preceding clauses (i) through (xxiv)); and 

  

	 	(xxvi)	all substitutions, replacements accessions, Proceeds and products of any and all of the foregoing (all of the above, the “Collateral”). 

(b) Notwithstanding anything herein to the contrary, in no event shall the security interest and lien granted under Section 1.1(a) hereof
attach to, and the term “Collateral” (and the component terms thereof) shall not include, (i) any property or other rights for so long as the grant of such security interest shall (A) constitute or result in the abandonment,
invalidation or unenforceability of any right, title or interest of any Assignor therein, (B) constitute or result in a breach or termination pursuant to the terms of, or a default under, any General Intangible, lease, license, contract,
agreement or other document, (C) constitute or result in a breach of any law or regulation which prohibits the creation of a security interest thereunder (other than to the extent that any such term specified in clause (A), (B) or
(C) above is rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other then-applicable law (including the Bankruptcy Code) or
principles of equity) or (D) require the consent of a Governmental Authority to permit the grant of a security interest therein (and such consent has not been obtained); provided, however, that such security interest shall attach
immediately at such time as the condition causing such abandonment, invalidation, unenforceability, breach or termination shall no longer be effective or such consent is acquired or no longer required and, to the extent severable, shall attach
immediately to any portion of such property or other rights that does not result in any of the consequences specified in clause (A), (B), (C) or (D) above; (ii)(A) all Equity Interests of any Foreign Subsidiary with respect to which a
pledge of such Foreign Subsidiary’s Equity Interests is prohibited by applicable law and (B) voting Equity Interests of an Exempted Foreign Entity of any Assignor in excess of 65% of the total combined voting power of all 

  
 -4- 

 classes of such Exempted Foreign Entity of such Assignor entitled to vote; (iii) any assets subject to the
Liens of the type permitted to Section 10.01(c), (f), (g) and (n) of the Credit Agreement to the extent the terms of such Liens (or any related agreement) prohibit the granting of another security interest in the assets subject to
such Liens; (iv) any real property with a fair market value of less than $7,500,000; (v) assets located outside the United States to the extent a Lien on such assets cannot be perfected by the filing of UCC financing statements in such
Assignor’s jurisdiction of organization; (vi) any aircraft, motor vehicles and other assets subject to certificates of title to the extent that a security interest therein cannot be perfected by the filing of a UCC financing statement;
(vii) Deposit Accounts the balance of which consists (x) exclusively of withheld income taxes, employment taxes, or amounts required to be paid over to certain employee benefit plans and (y) segregated deposit accounts constituting
and the balance of which consists solely of funds set aside in connection with tax, payroll and trust accounts; (viii) any Equity Interests in Topco Holdings, Inc., a Wisconsin corporation, owned by any Assignor to the extent prohibited by the
terms of Topco Holdings, Inc.’s organizational documents; and (ix) any direct substitutions, replacements accessions, Proceeds or products of any of the foregoing, but only to the extent such substitutions, replacements accessions,
Proceeds or products would otherwise constitute Excluded Assets (the assets described in clauses (i) through (ix) hereof collectively, the “Excluded Assets”); provided that immediately upon the amendment of the Code
to allow the pledge of a greater percentage of the Equity Interests in a Foreign Subsidiary without repatriation of earnings or adverse tax consequences (in the reasonable judgment of such Assignor), the Collateral shall include, and the security
interest granted by each Assignor shall attach to, such greater percentage of Equity Interests of each directly owned Foreign Subsidiary of such Assignor. 

(c) The security interest of the Collateral Agent under this Agreement extends to all Collateral which any Assignor may acquire, or with
respect to which any Assignor may obtain rights, at any time during the term of this Agreement. 
 (d) Notwithstanding anything to the
contrary contained in this Section 1.1 or elsewhere in this Agreement, each Assignor and the Collateral Agent (on behalf of the Secured Creditors) acknowledges and agrees that: (x) the security interest granted pursuant to this Agreement
(including pursuant to this Section 1.1) to the Collateral Agent for the benefit of the Secured Creditors (i) in the ABL Priority Collateral, shall be a First Priority Lien and (ii) in the Senior Secured Notes Priority Collateral,
shall be a Second Priority Lien, fully junior, subordinated and subject to the security interest granted to the Senior Secured Notes Agent for the benefit of the Senior Secured Notes Secured Parties in the Senior Secured Notes Priority Collateral on
the terms and conditions set forth in the Intercreditor Agreement and all other rights and benefits afforded hereunder to the Secured Creditors with respect to the Senior Secured Notes Priority Collateral are expressly subject to the terms and
conditions of the Intercreditor Agreement and (y) the Senior Secured Notes Secured Parties’ security interests in the Collateral constitute security interests separate and apart (and of a different class and claim) from the Secured
Creditors’ security interests in the Collateral. 
 (e) NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LIENS AND SECURITY
INTERESTS GRANTED TO THE COLLATERAL AGENT PURSUANT TO THIS AGREEMENT AND THE EXERCISE OF ANY RIGHT OR REMEDY BY THE COLLATERAL AGENT HEREUNDER, ARE SUBJECT TO THE PROVISIONS OF 

  
 -5- 

 THE INTERCREDITOR AGREEMENT. IN THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF THE INTERCREDITOR AGREEMENT AND
THE TERMS OF THIS AGREEMENT, THE TERMS OF THE INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL. 
 1.2. Power of Attorney. Each
Assignor hereby constitutes and appoints the Collateral Agent its true and lawful attorney, irrevocably, with full power after the occurrence of and during the continuance of an Event of Default (in the name of such Assignor or otherwise) to act,
require, demand, receive, compound and give acquittance for any and all moneys and claims for moneys due or to become due to such Assignor under or arising out of the Collateral, to endorse any checks or other instruments or orders in connection
therewith and to file any claims or take any action or institute any proceedings which the Collateral Agent may deem to be necessary or advisable to protect the interests of the Secured Creditors, which appointment as attorney is coupled with an
interest. 
 ARTICLE II 

GENERAL REPRESENTATIONS, WARRANTIES AND COVENANTS 

Each Assignor represents, warrants and covenants, which representations, warranties and covenants shall survive execution and delivery of this Agreement, as
follows: 
 2.1. Necessary Filings. All filings, registrations, recordings and other actions necessary or appropriate to create,
preserve and perfect the security interest granted by such Assignor to the Collateral Agent hereby in respect of the Collateral have been or will be accomplished, in each case to the extent and within the time frames required by this Agreement and
the Credit Agreement, and the security interest granted to the Collateral Agent pursuant to this Agreement in and to the Collateral creates a valid and, together with all such filings, registrations, recordings and other actions, and subject to the
Intercreditor Agreement, a perfected security interest therein prior to the rights of all other Persons therein and subject to no other Liens (other than Permitted Liens) and is entitled to all the rights, priorities and benefits afforded by the
Uniform Commercial Code or other relevant law as enacted in any relevant jurisdiction to perfected security interests, in each case to the extent that the Collateral consists of the type of property in which a security interest may be perfected by
possession or control (within the meaning of the UCC as in effect on the date hereof in the State of New York), by filing a financing statement under the Uniform Commercial Code as enacted in any relevant jurisdiction or by a filing of a Grant of
Security Interest in the respective form attached hereto in the United States Patent and Trademark Office or in the United States Copyright Office. 

2.2. No Liens. Such Assignor is, and as to all Collateral acquired by it from time to time after the date hereof such Assignor will be,
the owner of all Collateral free from any Lien, security interest, encumbrance or other right, title or interest of any Person (other than Permitted Liens and the Liens relating to the Existing Credit Agreements which are being released and
terminated on the Effective Date), and such Assignor shall defend the Collateral against all claims and demands of all Persons at any time claiming the same or any interest therein adverse to the Collateral Agent. 

  
 -6- 

 2.3. Other Financing Statements. As of the date hereof, there is no financing statement
(or similar statement or instrument of registration under the law of any jurisdiction) covering or purporting to cover any interest of any kind in the Collateral (other than financing statements filed in respect of Permitted Liens and the Liens
relating to the Existing Credit Agreements which are being released and terminated on the Effective Date), and so long as the Termination Date has not occurred, such Assignor will not execute or authorize to be filed in any public office any
financing statement (or similar statement or instrument of registration under the law of any jurisdiction) or statements relating to the Collateral, except financing statements filed or to be filed in respect of and covering the security interests
granted hereby by such Assignor or in connection with Permitted Liens. 
 2.4. Chief Executive Office, Record Locations. The chief
executive office of such Assignor is, on the date of this Agreement, located at the address indicated on Annex A hereto for such Assignor. During the period of the four (4) calendar months preceding the date of this Agreement, the chief
executive office of such Assignor has not been located at any address other than that indicated on Annex A in accordance with the immediately preceding sentence, in each case unless each such other address is also indicated on Annex A hereto for
such Assignor. 
 2.5. Location of Inventory and Equipment. All Inventory and Equipment held on the date hereof, or held at any time
during the four (4) calendar months prior to the date hereof, by each Assignor is located at one of the locations shown on Annex B hereto for such Assignor. 

2.6. Legal Names; Type of Organization (and Whether a Registered Organization and/or a Transmitting Utility); Jurisdiction of Organization;
Location; Organizational Identification Numbers; Federal Employer Identification Number; Changes Thereto; etc. The exact legal name of each Assignor, the type of organization of such Assignor, whether or not such Assignor is a Registered
Organization, the jurisdiction of organization of such Assignor, such Assignor’s Location, the organizational identification number (if any) of such Assignor, the Federal Employer Identification Number (if any) and whether or not such Assignor
is a Transmitting Utility, is listed on Annex C hereto for such Assignor. Such Assignor shall not change its legal name, its type of organization, its status as a Registered Organization (in the case of a Registered Organization), its status as a
Transmitting Utility or as a Person which is not a Transmitting Utility, as the case may be, its jurisdiction of organization, its Location, its organizational identification number (if any) or its Federal Employer Identification Number (if any)
from that used on Annex C hereto, except that any such changes shall be permitted (so long as not in violation of the applicable requirements of the Secured Debt Agreements and so long as same do not involve (x) a Registered Organization
ceasing to constitute same or (y) such Assignor changing its jurisdiction of organization or Location from the United States or a State thereof to a jurisdiction of organization or Location, as the case may be, outside the United States or a
State thereof) if (i) it shall have given to the Collateral Agent not less than 15 days’ prior written notice of each change to the information listed on Annex C (as adjusted for any subsequent changes thereto previously made in accordance
with this sentence), together with a supplement to Annex C which shall correct all information contained therein for such Assignor, and (ii) in connection with the respective such change or changes, it shall have taken all action reasonably
necessary or requested by the Collateral Agent to maintain the security interests of the Collateral Agent in the Collateral intended to be granted hereby at all times fully perfected 

  
 -7- 

 and in full force and effect. In addition, to the extent that such Assignor does not have an organizational
identification number on the date hereof and later obtains one, such Assignor shall promptly thereafter notify the Collateral Agent of such organizational identification number and shall take all actions reasonably satisfactory to the Collateral
Agent to the extent necessary to maintain the security interest of the Collateral Agent in the Collateral intended to be granted hereby fully perfected and in full force and effect. 

2.7. Trade Names; etc. Such Assignor does not have or operate in any jurisdiction under, or in the five years preceding the date hereof
has not had or has not operated in any jurisdiction under, any trade names, fictitious names or other names except its legal name as specified in Annex C and such other trade or fictitious names as are listed on Annex D hereto for such Assignor.
Such Assignor shall not assume or operate in any jurisdiction under any new trade, fictitious or other name until (i) it shall have given to the Collateral Agent not less than 15 days’ written notice of its intention so to do, clearly
describing such new name and the jurisdictions in which such new name will be used and providing such other information in connection therewith as the Collateral Agent may reasonably request and (ii) with respect to such new name, it shall have
taken all action reasonably necessary or requested by the Collateral Agent to maintain the security interest of the Collateral Agent in the Collateral intended to be granted hereby at all times fully perfected and in full force and effect. 

2.8. Certain Significant Transactions. During the three (3) year period preceding the date of this Agreement, no Person shall have
merged or consolidated with or into any Assignor, and no Person shall have liquidated into, or transferred all or substantially all of its assets to, any Assignor, in each case except as described in Annex E hereto. With respect to any transactions
so described in Annex E hereto, the respective Assignor shall have furnished such information that the Collateral Agent reasonably requested with respect to the Person (and the assets of the Person and locations thereof) which merged with or into or
consolidated with such Assignor, or was liquidated into or transferred all or substantially all of its assets to such Assignor, and shall have furnished, or caused to be furnished, to the Collateral Agent such UCC lien searches as may have been
reasonably requested with respect to such Person and its assets, to establish that no security interest (excluding Permitted Liens) continues perfected on the date hereof with respect to any Person described above (or the assets transferred to the
respective Assignor by such Person), including without limitation pursuant to Section 9-316(a)(3) of the UCC. 
 2.9. Non-UCC
Property. The aggregate fair market value (as determined by the Assignors in good faith) of all property of the Assignors of the types described in clauses (1), (2) and (3) of Section 9-311(a) of the UCC (other than Excluded
Assets) does not exceed $250,000. If the aggregate value of all such property at any time owned by all Assignors exceeds $250,000, the Assignors shall provide prompt written notice thereof to the Collateral Agent and, upon the request of the
Collateral Agent, the Assignors shall promptly (and in any event within 30 days) take such actions (at their own cost and expense) as may be required under the respective United States, State or other laws referenced in Section 9-311(a) of the
UCC to perfect the security interests granted herein in any Collateral where the filing of a financing statement does not perfect the security interest in such property in accordance with the provisions of Section 9-311(a) of the UCC. 

  
 -8- 

 2.10. As-Extracted Collateral; Timber-to-be-Cut. On the date hereof, such Assignor does
not own, or expect to acquire, any property which constitutes, or would constitute, As-Extracted Collateral or Timber-to-be-Cut. If at any time after the date of this Agreement such Assignor owns, acquires or obtains rights to any As-Extracted
Collateral or Timber-to-be-Cut, such Assignor shall furnish the Collateral Agent with prompt written notice thereof (which notice shall describe in reasonable detail the As-Extracted Collateral and/or Timber-to-be-Cut and the locations thereof) and
shall take all actions as may be deemed reasonably necessary or desirable by the Collateral Agent to perfect the security interest of the Collateral Agent therein. 

2.11. Collateral in the Possession of a Bailee. Without limiting the provisions of the Credit Agreement for Inventory to constitute
Eligible Inventory, if an Event of Default shall occur and be continuing and if any Inventory or other Goods are at any time in the possession of a bailee, such Assignor shall promptly notify the Collateral Agent thereof and, if requested by the
Collateral Agent, shall use its commercially reasonable efforts to promptly obtain an acknowledgment from such bailee, in form and substance reasonably satisfactory to the Collateral Agent, that the bailee holds such Collateral for the benefit of
the Collateral Agent and shall act upon the instructions of the Collateral Agent, without the further consent of such Assignor. The Collateral Agent agrees with such Assignor that the Collateral Agent shall not give any such instructions unless an
Event of Default has occurred and is continuing. 
 2.12. Recourse. This Agreement is made with full recourse to each Assignor and
pursuant to and upon all the warranties, representations, covenants and agreements on the part of such Assignor contained herein in the Secured Debt Agreements and otherwise in writing in connection herewith or therewith. 

ARTICLE III 
 SPECIAL PROVISIONS
CONCERNING ACCOUNTS; CONTRACT RIGHTS; 
 INSTRUMENTS; CHATTEL PAPER AND CERTAIN OTHER COLLATERAL 

3.1. Additional Representations and Warranties. As of the time when each of its Accounts arises, each Assignor shall be deemed to have
represented and warranted that each such Account, and all records, papers and documents relating thereto (if any) are genuine and what they purport to be, and that all papers and documents (if any) relating thereto (i) will, to the knowledge of
such Assignor, represent the genuine, legal, valid and binding obligation of the account debtor evidencing indebtedness unpaid and owed by the respective account debtor arising out of the performance of labor or services or the sale or lease and
delivery of the merchandise listed therein, or both, (ii) will, to the knowledge of such Assignor, evidence true and valid obligations, enforceable in accordance with their respective terms, and (iii) will be in compliance and will conform
in all material respects with all applicable federal, state and local laws and applicable laws of any relevant foreign jurisdiction. 
 3.2.
Maintenance of Records. Each Assignor will keep and maintain at its own cost and expense accurate records of its Accounts and Contracts, including, but not limited to, originals (to the extent obtained by such Assignor in the ordinary course
of business) of all documentation (including each Contract) with respect thereto, records of all payments received, all credits granted thereon, all merchandise returned and all other dealings therewith, and such 

  
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 Assignor will make the same available on such Assignor’s premises to the Collateral Agent for inspection, at
such Assignor’s own cost and expense, at any and all reasonable times upon prior notice to such Assignor and otherwise in accordance with the Credit Agreement. Upon the occurrence and during the continuance of an Event of Default and at the
request of the Collateral Agent, such Assignor shall, at its own cost and expense, deliver all tangible evidence of its Accounts and Contract Rights (including, without limitation, all documents evidencing the Accounts and all Contracts) and such
books and records to the Collateral Agent or to its representatives (copies of such evidence and books and records may be retained by such Assignor). Upon the occurrence and during the continuance of an Event of Default and if the Collateral Agent
so directs, such Assignor shall legend, in form and manner reasonably satisfactory to the Collateral Agent, the Accounts and the Contracts, as well as books, records and documents (if any) of such Assignor evidencing or pertaining to such Accounts
and Contracts with an appropriate reference to the fact that such Accounts and Contracts have been assigned to the Collateral Agent and that the Collateral Agent has a security interest therein. 

3.3. Direction to Account Debtors; Contracting Parties; etc. Upon the occurrence and during the continuance of an Event of Default, if
the Collateral Agent so directs any Assignor, such Assignor agrees (x) to cause all payments on account of the Accounts and Contracts to be made directly to the Cash Collateral Account, (y) that the Collateral Agent may, at its option,
directly notify the obligors with respect to any Accounts and/or under any Contracts to make payments with respect thereto as provided in the preceding clause (x), and (z) that the Collateral Agent may enforce collection of any such Accounts
and Contracts and may adjust, settle or compromise the amount of payment thereof, in the same manner and to the same extent as such Assignor. Without notice to or assent by any Assignor, the Collateral Agent may, upon the occurrence and during the
continuance of an Event of Default, apply any or all amounts then in, or thereafter deposited in, the Cash Collateral Account toward the payment of the Obligations in the manner provided in Section 7.4 of this Agreement. The reasonable costs
and expenses of collection (including reasonable attorneys’ fees), whether incurred by an Assignor or the Collateral Agent, shall be borne by the relevant Assignor. The Collateral Agent shall deliver a copy of each notice referred to in the
preceding clause (y) to the relevant Assignor; provided that (x) the failure by the Collateral Agent to so notify such Assignor shall not affect the effectiveness of such notice or the other rights of the Collateral Agent created by
this Section 3.3 and (y) no such notice shall be required if an Event of Default of the type described in Section 11.05 of the Credit Agreement has occurred and is continuing. 

3.4. Modification of Terms; etc. Except in accordance with such Assignor’s ordinary course of business and consistent with
reasonable business judgment or as permitted by Section 3.5 hereof, no Assignor shall rescind or cancel any indebtedness evidenced by any Account or under any Contract, or modify any term thereof or make any adjustment with respect thereto, or
extend or renew the same, or compromise or settle any dispute, claim, suit or legal proceeding relating thereto, or sell any Account or Contract, or interest therein, without the prior written consent of the Collateral Agent, except to the extent
that such rescission, cancellation, modification, adjustment, extension, renewal, compromise, or settlement, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. Except to the extent
otherwise permitted by this Agreement or the Credit Agreement, no Assignor will do anything to impair the rights of the Collateral Agent in the Accounts or Contracts. 

  
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 3.5. Collection. Each Assignor shall endeavor in accordance with reasonable business
practices to cause to be collected from the account debtor named in each of its Accounts or obligor under any Contract, as and when due (including, without limitation, amounts which are delinquent, such amounts to be collected in accordance with
generally accepted lawful collection procedures) any and all amounts owing under or on account of such Account or Contract, and apply forthwith upon receipt thereof all such amounts as are so collected to the outstanding balance of such Account or
under such Contract. Except as otherwise directed by the Collateral Agent after the occurrence and during the continuation of an Event of Default, any Assignor may allow in the ordinary course of business as adjustments to amounts owing under its
Accounts and Contracts (i) an extension or renewal of the time or times of payment, or settlement for less than the total unpaid balance, which such Assignor finds appropriate in accordance with reasonable business judgment and (ii) a
refund or credit due as a result of returned or damaged merchandise or improperly performed services or for other reasons which such Assignor finds appropriate in accordance with reasonable business judgment. The reasonable costs and expenses
(including, without limitation, reasonable attorneys’ fees) of collection, whether incurred by an Assignor or the Collateral Agent, shall be borne by the relevant Assignor. 

3.6. Instruments. If any Assignor owns or acquires any Instrument with a value of $250,000 or more constituting Collateral (other than
(x) checks and other payment instruments received and collected in the ordinary course of business and (y) any Instrument subject to pledge pursuant to the Pledge Agreement), such Assignor will within 10 Business Days notify the Collateral
Agent thereof, and upon request by the Collateral Agent will, subject to the Intercreditor Agreement, promptly deliver such Instrument to the Collateral Agent appropriately endorsed to the order of the Collateral Agent. 

3.7. Assignors Remain Liable Under Accounts. Anything herein to the contrary notwithstanding, each Assignor shall remain liable under
each of the Accounts to observe and perform all of the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to such Accounts. Neither the Collateral Agent nor any
other Secured Creditor shall have any obligation or liability under any Account (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by the Collateral Agent or any other Secured Creditor of any payment
relating to such Account pursuant hereto, nor shall the Collateral Agent or any other Secured Creditor be obligated in any manner to perform any of the obligations of any Assignor under or pursuant to any Account (or any agreement giving rise
thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by them or as to the sufficiency of any performance by any party under any Account (or any agreement giving rise thereto), to present or
file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to them or to which they may be entitled at any time or times. 

3.8. Assignors Remain Liable Under Contracts. Anything herein to the contrary notwithstanding, each Assignor shall remain liable under
each of the Contracts to observe and perform all of the conditions and obligations to be observed and performed by it thereunder, all in accordance with and pursuant to the terms and provisions of each Contract. Neither the Collateral Agent nor any
other Secured Creditor shall have any obligation or liability under any 

  
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 Contract by reason of or arising out of this Agreement or the receipt by the Collateral Agent or any other
Secured Creditor of any payment relating to such Contract pursuant hereto, nor shall the Collateral Agent or any other Secured Creditor be obligated in any manner to perform any of the obligations of any Assignor under or pursuant to any Contract,
to make any payment, to make any inquiry as to the nature or the sufficiency of any performance by any party under any Contract, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts
which may have been assigned to them or to which they may be entitled at any time or times. 
 3.9. Deposit Accounts; etc. (a) No
Assignor maintains, or at any time after the date of this Agreement shall establish or maintain, any demand, time, savings, passbook or similar account, except for such accounts maintained with a bank (as defined in Section 9-102 of the UCC)
whose jurisdiction (determined in accordance with Section 9-304 of the UCC) is within a State of the United States. Annex F hereto accurately sets forth, as of the date of this Agreement, for each Assignor, each Deposit Account (except for any
Excluded Deposit Accounts) maintained by such Assignor (including a description thereof and the respective account number), the name of the respective bank with which such Deposit Account is maintained, and whether the jurisdiction of the respective
bank with respect to such Deposit Account is within a State of the United States. For each Deposit Account (other than (i) the Cash Collateral Account or any other Deposit Account maintained with the Collateral Agent and (ii) Excluded
Deposit Accounts) the respective Assignor shall cause the bank with which the Deposit Account is maintained to execute and deliver to the Collateral Agent, within 90 days after the date of this Agreement (or such longer period as may be agreed by
the Administrative Agent in its sole discretion) or, if later, at the time of the establishment of the respective Deposit Account, a “control agreement” in form and substance reasonably acceptable to the Collateral Agent, or such other
form as may be reasonably acceptable to the Collateral Agent. If any bank with which a Deposit Account which is required to be subject to a “control agreement” hereunder is maintained refuses to, or does not, enter into such a
“control agreement”, then the respective Assignor shall promptly (and in any event within 90 days after the date of this Agreement (or such longer period as may be agreed by the Administrative Agent in its sole discretion) or, if later, 90
days (or such longer period as may be agreed by the Administrative Agent in its sole discretion) after the establishment of such account close the respective Deposit Account and transfer all balances therein to the Cash Collateral Account or another
Deposit Account meeting the requirements of this Section 3.9. If any bank with which a Deposit Account which is required to be subject to a “control agreement” hereunder is maintained refuses to subordinate all its claims with respect
to such Deposit Account to the Collateral Agent’s security interest therein on terms satisfactory to the Collateral Agent, then the Collateral Agent, at its option, may (x) require that such Deposit Account be terminated in accordance with
the immediately preceding sentence or (y) agree to a “control agreement” without such subordination, provided that in such event the Collateral Agent may at any time, at its option, subsequently require that such Deposit
Account be terminated (within 90 days after notice from the Collateral Agent) in accordance with the requirements of the immediately preceding sentence. 

(b) After the date of this Agreement, no Assignor shall establish any new demand, time, savings, passbook or similar account, except for
Deposit Accounts established and maintained with banks and meeting the requirements of preceding clause (a) and except for 

  
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 Excluded Deposit Accounts. At the time any such Deposit Account is established, the appropriate “control
agreement” shall be entered into in accordance with the requirements of preceding clause (a) and the respective Assignor shall furnish to the Collateral Agent a supplement to Annex F hereto containing the relevant information with respect
to the respective Deposit Account and the bank with which same is established. 
 3.10. Letter-of-Credit Rights. If any Assignor is at
any time a beneficiary under a letter of credit with a stated amount of $250,000 or more, such Assignor shall promptly notify the Collateral Agent thereof and, at the request of the Collateral Agent, such Assignor shall, pursuant to an agreement in
form and substance reasonably satisfactory to the Collateral Agent, use its commercially reasonable efforts to (i) arrange for the issuer and any confirmer of such letter of credit to consent to an assignment to the Collateral Agent of the
proceeds of any drawing under such letter of credit or (ii) arrange for the Collateral Agent to become the transferee beneficiary of such letter of credit, with the Collateral Agent agreeing, in each case, that the proceeds of any drawing under
the letter of credit are to be applied as provided in this Agreement after the occurrence and during the continuance of an Event of Default. 

3.11. Commercial Tort Claims. All material Commercial Tort Claims of each Assignor in existence on the date of this Agreement are
described in Annex G hereto. If any Assignor shall at any time after the date of this Agreement acquire a Commercial Tort Claim in an amount (taking the greater of the aggregate claimed damages thereunder or the reasonably estimated value thereof)
of $250,000 or more, such Assignor shall promptly notify the Collateral Agent thereof in a writing signed by such Assignor and describing the details thereof and shall grant to the Collateral Agent in such writing a security interest therein and in
the proceeds thereof, all upon the terms of this Agreement with such writing to be in form and substance reasonably satisfactory to the Collateral Agent. 

3.12. Chattel Paper. Upon the reasonable request of the Collateral Agent made at any time or from time to time, each Assignor shall
promptly furnish to the Collateral Agent a list of all Electronic Chattel Paper held or owned by such Assignor. Furthermore, if requested by the Collateral Agent, each Assignor shall promptly take all actions which are reasonably practicable so that
the Collateral Agent has “control” of all such Electronic Chattel Paper with a value of $250,000 or more in accordance with the requirements of Section 9-105 of the UCC. Each Assignor will promptly (and in any event within 10 days)
following any request by the Collateral Agent deliver all of its Tangible Chattel Paper with a value of $250,000 or more to the Collateral Agent. 

3.13. Further Actions. Each Assignor will, at its own expense, make, execute, endorse, acknowledge, file and/or deliver to the
Collateral Agent from time to time such vouchers, invoices, schedules, confirmatory assignments, conveyances, financing statements, transfer endorsements, certificates, reports and other assurances or instruments and take such further steps,
including any and all actions as may be necessary or required under the Federal Assignment of Claims Act, relating to its Accounts, Contracts, Instruments and other property or rights covered by the security interest hereby granted, as the
Collateral Agent may reasonably require. 

  
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 3.14. Overriding Provisions with respect to Senior Secured Notes Priority Collateral.
Notwithstanding anything to the contrary contained above in this Article III, or elsewhere in this Agreement or any other Security Document, to the extent the provisions of this Agreement (or any other Security Documents) require the delivery of, or
control over, Senior Secured Notes Priority Collateral to be granted to the Collateral Agent at any time prior to the Senior Notes Obligations Termination Date, then delivery of such Senior Secured Notes Priority Collateral (or control with respect
thereto) shall instead be made to the Senior Secured Notes Agent, to be held in accordance with the Senior Secured Note Documents and the Intercreditor Agreement. Furthermore, at all times prior to the Senior Notes Obligations Termination Date, the
Collateral Agent is authorized by the parties hereto to effect transfers of Senior Secured Notes Priority Collateral at any time in its possession (and any “control” or similar agreements with respect to Senior Secured Notes Priority
Collateral) to the Senior Secured Notes Agent. 
 ARTICLE IV 

SPECIAL PROVISIONS CONCERNING TRADEMARKS AND DOMAIN NAMES 

4.1. Additional Representations and Warranties. Each Assignor represents and warrants that, on the date hereof, it is the true and
lawful owner of or otherwise has the right to use the registered Marks and Domain Names listed in Annex H hereto for such Assignor and that said listed Marks and Domain Names include all United States marks and applications for United States marks
registered in the United States Patent and Trademark Office and all Domain Names that such Assignor owns or uses in connection with its business as of the date hereof. Each Assignor represents and warrants that it owns, is licensed to use or
otherwise has the right to use, all Marks and Domain Names that it uses. Each Assignor further warrants that it has no knowledge of any third party claim received by it that any aspect of such Assignor’s present or contemplated business
operations infringes or will infringe any trademark, service mark or trade name of any other Person other than as could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each Assignor represents
and warrants that (a) it is the true and lawful owner of or otherwise has the right to use all U.S. trademark registrations and applications and Domain Name registrations listed in Annex H hereto and (b) said registrations are valid,
subsisting, have not been canceled and that such Assignor is not aware of any third-party claim that any of said registrations is invalid or unenforceable, and is not aware that there is any reason that any of said registrations is invalid or
unenforceable, and is not aware that there is any reason that any of said applications will not mature into registrations other than, in the case of preceding clause (b), as could not, either individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect. Each Assignor hereby grants to the Collateral Agent an absolute power of attorney to sign, upon the occurrence and during the continuance of an Event of Default, any document which may be required by the United
States Patent and Trademark Office or similar registrar in order to effect an absolute assignment of all right, title and interest in each Mark and/or Domain Name, and record the same. 

4.2. Licenses and Assignments. Except as otherwise permitted by the Secured Debt Agreements, each Assignor hereby agrees not to divest
itself of any right under any Mark or Domain Name, in each case to the extent such Mark or Domain Name is material to the conduct of such Assignor’s business, absent prior written approval of the Collateral Agent. 

  
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 4.3. Infringements. Each Assignor agrees, promptly upon learning thereof, to notify the
Collateral Agent in writing of the name and address of, and to furnish such pertinent information that may be available with respect to, any party who such Assignor believes is, or may be, infringing or diluting or otherwise violating any of such
Assignor’s rights in and to any Mark or Domain Name in any manner that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, or with respect to any party claiming that such Assignor’s use
of any Mark or Domain Name material to such Assignor’s business violates in any material respect any property right of that party. Each Assignor further agrees to prosecute diligently in accordance with reasonable business practices any Person
infringing any Mark or Domain Name in any manner that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

4.4. Preservation of Marks and Domain Names. Each Assignor agrees to use its Marks and Domain Names which are material to such
Assignor’s business in interstate commerce during the time in which this Agreement is in effect and to take all such other actions as are reasonably necessary to preserve such Marks as trademarks or service marks under the laws of the United
States (other than any such Marks which are no longer used or useful in its business or operations). 
 4.5. Maintenance of
Registration. Each Assignor shall, at its own expense, diligently process all documents reasonably required to maintain all Mark and/or Domain Name registrations, including but not limited to affidavits of use and applications for renewals of
registration in the United States Patent and Trademark Office for all of its material registered Marks, and shall pay all fees and disbursements in connection therewith and shall not abandon any such filing of affidavit of use or any such
application of renewal prior to the exhaustion of all administrative and judicial remedies without prior written consent of the Collateral Agent (other than with respect to registrations and applications deemed by such Assignor in its reasonable
business judgment to be no longer useful in its business or operations). 
 4.6. Future Registered Marks and Domain Names. If any Mark
registration is issued hereafter to any Assignor as a result of any application now or hereafter pending before the United States Patent and Trademark Office or any Domain Name is registered by Assignor, within 30 days of receipt of such certificate
or similar indicia of ownership, such Assignor shall deliver to the Collateral Agent a copy of such registration certificate or similar indicia of ownership, and a grant of a security interest in such Mark and/or Domain Name, to the Collateral Agent
and at the expense of such Assignor, confirming the grant of a security interest in such Mark and/or Domain Name to the Collateral Agent hereunder, the form of such security to be substantially in the form of Annex K hereto or in such other form as
may be reasonably satisfactory to the Collateral Agent. 
 4.7. Remedies. If an Event of Default shall occur and be continuing, the
Collateral Agent may, subject to the Intercreditor Agreement, by written notice to the relevant Assignor, take any or all of the following actions: (i) declare the entire right, title and interest of such Assignor in and to each of the Marks
and Domain Names, together with all trademark rights and rights of protection to the same, vested in the Collateral Agent for the benefit of the Secured Creditors, in which event such rights, title and interest shall immediately vest in the
Collateral Agent for the benefit of the Secured Creditors, and the Collateral Agent shall be entitled to 

  
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 exercise the power of attorney referred to in Section 4.1 hereof to execute, cause to be acknowledged and
notarized and record said absolute assignment with the applicable agency or registrar; (ii) take and use or sell the Marks or Domain Names and the goodwill of such Assignor’s business symbolized by the Marks or Domain Names and the right
to carry on the business and use the assets of such Assignor in connection with which the Marks or Domain Names have been used; and (iii) direct such Assignor to refrain, in which event such Assignor shall refrain, from using the Marks or
Domain Names in any manner whatsoever, directly or indirectly, and such Assignor shall execute such further documents that the Collateral Agent may reasonably request to further confirm this and to transfer ownership of the Marks or Domain Names and
registrations and any pending trademark applications in the United States Patent and Trademark Office or applicable Domain Name registrar to the Collateral Agent. 

ARTICLE V 
 SPECIAL PROVISIONS
CONCERNING 
 PATENTS, COPYRIGHTS AND TRADE SECRETS 

5.1. Additional Representations and Warranties. Each Assignor represents and warrants that it is the true and lawful owner of all rights
in (i) all Trade Secret Rights, (ii) the Patents listed in Annex I hereto for such Assignor and that said Patents include all the United States patents and applications for United States patents that such Assignor owns as of the date
hereof and (iii) the Copyrights listed in Annex J hereto for such Assignor and that said Copyrights include all the United States copyrights registered with the United States Copyright Office and applications to United States copyrights that
such Assignor owns as of the date hereof. Each Assignor further warrants that it has no knowledge of any third party claim that any aspect of such Assignor’s present or contemplated business operations infringes or will infringe any patent of
any other Person or such Assignor has misappropriated any Trade Secret or proprietary information which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Each Assignor hereby grants to the
Collateral Agent an absolute power of attorney to sign, upon the occurrence and during the continuance of any Event of Default, any document which may be required by the United States Patent and Trademark Office or the United States Copyright Office
in order to effect an absolute assignment of all right, title and interest in each Patent or Copyright, and to record the same. 
 5.2.
Licenses and Assignments. Except as otherwise permitted by the Secured Debt Agreements, each Assignor hereby agrees not to divest itself of any right under any Patent or Copyright, in each case to the extent such Patent or Copyright is
material to the conduct of such Assignor’s business, absent prior written approval of the Collateral Agent. 
 5.3.
Infringements. Each Assignor agrees, promptly upon learning thereof, to furnish the Collateral Agent in writing with all pertinent information available to such Assignor with respect to any infringement, contributing infringement or active
inducement to infringe or other violation of such Assignor’s rights in any Patent or Copyright or to any claim that the practice of any Patent or use of any Copyright violates any property right of a third party, or with respect to any
misappropriation of any Trade Secret Right or any claim that practice of any Trade Secret Right violates any property right of a third party, in each case, in any manner which, either individually or in the aggregate, could reasonably be expected to
have a Material Adverse 

  
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 Effect. Each Assignor further agrees, absent direction of the Collateral Agent to the contrary, to diligently
prosecute, in accordance with its reasonable business judgment, any Person infringing any Patent or Copyright or any Person misappropriating any Trade Secret Right, in each case to the extent that such infringement or misappropriation, either
individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
 5.4. Maintenance of Patents or
Copyrights. At its own expense, each Assignor shall make timely payment of all post-issuance fees required to maintain in force its rights under each Patent or Copyright, absent prior written consent of the Collateral Agent (other than any such
Patents or Copyrights which are no longer used or are deemed by such Assignor in its reasonable business judgment to no longer be useful in its business or operations). 

5.5. Prosecution of Patent or Copyright Applications. At its own expense, each Assignor shall diligently prosecute all material
applications for (i) United States Patents listed in Annex I hereto and (ii) Copyrights listed on Annex J hereto, in each case for such Assignor and shall not abandon any such application prior to exhaustion of all administrative and
judicial remedies (other than applications that are deemed by such Assignor in its reasonable business judgment to no longer be necessary in the conduct of the Assignor’s business), absent written consent of the Collateral Agent. 

5.6. Other Patents and Copyrights. Within 30 days of the acquisition or issuance of a United States Patent, registration of a Copyright,
or acquisition of a registered Copyright, or of filing of an application for a United States Patent or Copyright, the relevant Assignor shall deliver to the Collateral Agent a copy of said Copyright or Patent, or certificate or registration of, or
application therefor, as the case may be, with a grant of a security interest as to such Patent or Copyright, as the case may be, to the Collateral Agent and at the expense of such Assignor, confirming the grant of a security interest, the form of
such grant of a security interest to be substantially in the form of Annex L or Annex M hereto, as appropriate, or in such other form as may be reasonably satisfactory to the Collateral Agent. 

5.7. Remedies. If an Event of Default shall occur and be continuing, the Collateral Agent may, subject to the Intercreditor Agreement,
by written notice to the relevant Assignor, take any or all of the following actions: (i) declare the entire right, title, and interest of such Assignor in each of the Patents and Copyrights vested in the Collateral Agent for the benefit of the
Secured Creditors, in which event such right, title, and interest shall immediately vest in the Collateral Agent for the benefit of the Secured Creditors, in which case the Collateral Agent shall be entitled to exercise the power of attorney
referred to in Section 5.1 hereof to execute, cause to be acknowledged and notarized and to record said absolute assignment with the applicable agency; (ii) take and practice or sell the Patents and Copyrights; and (iii) direct such
Assignor to refrain, in which event such Assignor shall refrain, from practicing the Patents and using the Copyrights directly or indirectly, and such Assignor shall execute such further documents as the Collateral Agent may reasonably request
further to confirm this and to transfer ownership of the Patents and Copyrights to the Collateral Agent for the benefit of the Secured Creditors. 

  
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 ARTICLE VI 

PROVISIONS CONCERNING ALL COLLATERAL 

6.1. Protection of Collateral Agent’s Security. Except as otherwise not prohibited by the Secured Debt Agreements, no Assignor
will do anything to impair the rights of the Collateral Agent in the Collateral. Each Assignor will at all times maintain insurance, at such Assignor’s own expense to the extent and in the manner provided in the Credit Agreement. Except to the
extent otherwise permitted to be retained by such Assignor or applied by such Assignor pursuant to the terms of the Credit Agreement, the Collateral Agent shall, at the time any proceeds of such insurance are distributed to the Secured Creditors,
apply such proceeds in accordance with Section 7.4 hereof. Each Assignor assumes all liability and responsibility in connection with the Collateral acquired by it and the liability of such Assignor to pay the Obligations shall in no way be
affected or diminished by reason of the fact that such Collateral may be lost, destroyed, stolen, damaged or for any reason whatsoever unavailable to such Assignor. 

6.2. Warehouse Receipts Non-Negotiable. To the extent practicable, each Assignor agrees that if any warehouse receipt or receipt in the
nature of a warehouse receipt is issued with respect to any of its Inventory, such Assignor shall request that such warehouse receipt or receipt in the nature thereof shall not be “negotiable” (as such term is used in Section 7-104 of
the Uniform Commercial Code as in effect in any relevant jurisdiction or under other relevant law). 
 6.3. Additional Information.
Each Assignor will, at its own expense, from time to time upon the reasonable request of the Collateral Agent, promptly (and in any event within 20 days after its receipt of the respective request) furnish to the Collateral Agent such information
with respect to the Collateral (including the identity of the Collateral or such components thereof as may have been requested by the Collateral Agent, the value and location of such Collateral, etc.) as may be requested by the Collateral Agent.
Without limiting the forgoing, each Assignor agrees that it shall promptly (and in any event within 10 days after its receipt of the respective request) furnish to the Collateral Agent such updated Annexes hereto as may from time to time be
reasonably requested by the Collateral Agent. 
 6.4. Further Actions. Each Assignor will, at its own expense and upon the reasonable
request of the Collateral Agent, make, execute, endorse, acknowledge, file and/or deliver to the Collateral Agent from time to time such lists, descriptions and designations of its Collateral, warehouse receipts, receipts in the nature of warehouse
receipts, bills of lading, documents of title, vouchers, invoices, schedules, confirmatory assignments, conveyances, financing statements, transfer endorsements, certificates, reports and other assurances or instruments and take such further steps
relating to the Collateral and other property or rights covered by the security interest hereby granted, which are reasonably necessary or advisable to perfect, preserve or protect the Collateral Agent’s security interest in the Collateral.

 6.5. Financing Statements. Each Assignor agrees to execute and deliver (or cause to be executed and delivered) to the Collateral
Agent such financing statements, in form reasonably acceptable to the Collateral Agent, as are reasonably necessary or advisable to 

  
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 establish and maintain a valid, enforceable, perfected security interest in the Collateral as provided herein and
the other rights and security contemplated hereby. Each Assignor will pay any applicable filing fees, recordation taxes and related expenses relating to its Collateral. Each Assignor hereby authorizes the Collateral Agent to file any such financing
statements without the signature of such Assignor where permitted by law (and such authorization includes describing the Collateral as “all assets” of such Assignor). 

ARTICLE VII 
 REMEDIES UPON
OCCURRENCE OF AN EVENT OF DEFAULT 
 7.1. Remedies; Obtaining the Collateral Upon Default. Subject to the terms of the Intercreditor
Agreement and applicable law, each Assignor agrees that, if any Event of Default shall have occurred and be continuing, then and in every such case, the Collateral Agent, in addition to any rights now or hereafter existing under applicable law and
under the other provisions of this Agreement, shall have all rights as a secured creditor under any UCC, and such additional rights and remedies to which a secured creditor is entitled under the laws in effect in all relevant jurisdictions and may:

 (i) personally, or by agents or attorneys, immediately take possession of the Collateral or any part thereof, from such
Assignor or any other Person who then has possession of any part thereof with or without notice or process of law and without breach of the peace, and for that purpose may enter upon such Assignor’s premises where any of the Collateral is
located and remove the same and use in connection with such removal any and all services, supplies, aids and other facilities of such Assignor; 

(ii) instruct the obligor or obligors on any agreement, instrument or other obligation (including, without limitation, the
Accounts and the Contracts) constituting the Collateral to make any payment required by the terms of such agreement, instrument or other obligation directly to the Collateral Agent and may exercise any and all remedies of such Assignor in respect of
such Collateral; 
 (iii) instruct all banks which have entered into a control agreement with the Collateral Agent to
transfer all monies, securities and instruments held by such depositary bank to the Cash Collateral Account; 

(iv) sell, assign or otherwise liquidate any or all of the Collateral or any part thereof in accordance with
Section 7.2 hereof, or direct such Assignor to sell, assign or otherwise liquidate any or all of the Collateral or any part thereof, and, in each case, take possession of the proceeds of any such sale or liquidation; 

(v) take possession of the Collateral or any part thereof, by directing such Assignor in writing to deliver the same to
the Collateral Agent at any reasonable place or places designated by the Collateral Agent, in which event such Assignor shall at its own expense: 

(x) forthwith cause the same to be moved to the place or places so designated by the Collateral Agent and there delivered to
the Collateral Agent; 

  
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 (y) store and keep any Collateral so delivered to the Collateral Agent at such
place or places pending further action by the Collateral Agent as provided in Section 7.2 hereof; and 
 (z) while
the Collateral shall be so stored and kept, provide such security and maintenance services as shall be reasonably necessary to protect the same and to preserve and maintain it in good condition; 

(vi) license or sublicense, whether on an exclusive or nonexclusive basis, any Marks, Domain Names, Patents or Copyrights
included in the Collateral for such term and on such conditions and in such manner as the Collateral Agent shall in its sole judgment determine; 

(vii) apply any monies constituting Collateral or proceeds thereof in accordance with the provisions of Section 7.4; and

 (viii) take any other action as specified in clauses (1) through (5), inclusive, of Section 9-607 of the UCC; 

it being understood that each Assignor’s obligation so to deliver the Collateral is of the essence of this Agreement and that, accordingly, upon
application to a court of equity having jurisdiction, the Collateral Agent shall be entitled to a decree requiring specific performance by such Assignor of said obligation. By accepting the benefits of this Agreement and each other Security
Document, the Secured Creditors expressly acknowledge and agree that this Agreement and each other Security Document may be enforced only by the action of the Collateral Agent acting upon the instructions of the Required Secured Creditors and that
no other Secured Creditor shall have any right individually to seek to enforce or to enforce this Agreement or to realize upon the security to be granted hereby, it being understood and agreed that such rights and remedies may be exercised by the
Collateral Agent for the benefit of the Secured Creditors upon the terms of this Agreement and the other Security Documents. 
 7.2.
Remedies; Disposition of the Collateral. Subject to the terms of the Intercreditor Agreement, if any Event of Default shall have occurred and be continuing, then any Collateral repossessed by the Collateral Agent under or pursuant to
Section 7.1 hereof and any other Collateral whether or not so repossessed by the Collateral Agent, may be sold, assigned, leased or otherwise disposed of under one or more contracts or as an entirety, and without the necessity of gathering at
the place of sale the property to be sold, and in general in such manner, at such time or times, at such place or places and on such terms as the Collateral Agent may, in compliance with any mandatory requirements of applicable law, determine to be
commercially reasonable. Any of such Collateral may be sold, leased or otherwise disposed of, in the condition in which the same existed when taken by the Collateral Agent or after any overhaul or repair at the expense of the relevant Assignor which
the Collateral Agent shall determine to be commercially reasonable. Any such sale, lease or other disposition may be effected by means of a public disposition or private disposition, effected in accordance with the applicable requirements (in each
case if and to the extent applicable) of Sections 9-610 through 9-613 of the UCC and/or such other mandatory requirements of applicable law as may apply to the respective disposition. The Collateral Agent may, without notice or publication, adjourn
any public or 

  
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 private disposition or cause the same to be adjourned from time to time by announcement at the time and place
fixed for the disposition, and such disposition may be made at any time or place to which the disposition may be so adjourned. To the extent permitted by any such requirement of law, the Collateral Agent may bid for and become the purchaser (and may
pay all or any portion of the purchase price by crediting Obligations against the purchase price) of the Collateral or any item thereof, offered for disposition in accordance with this Section 7.2 without accountability to the relevant
Assignor. If, under applicable law, the Collateral Agent shall be permitted to make disposition of the Collateral within a period of time which does not permit the giving of notice to the relevant Assignor as hereinabove specified, the Collateral
Agent need give such Assignor only such notice of disposition as shall be required by such applicable law. Each Assignor agrees to do or cause to be done all such other acts and things as may be reasonably necessary to make such disposition or
dispositions of all or any portion of the Collateral valid and binding and in compliance with any and all applicable laws, regulations, orders, writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental
instrumentalities, domestic or foreign, having jurisdiction over any such sale or sales, all at such Assignor’s expense. 
 7.3.
Waiver of Claims. Except as otherwise provided in this Agreement, EACH ASSIGNOR HEREBY WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, NOTICE AND JUDICIAL HEARING IN CONNECTION WITH THE COLLATERAL AGENT’S TAKING POSSESSION OR THE
COLLATERAL AGENT’S DISPOSITION OF ANY OF THE COLLATERAL, INCLUDING, WITHOUT LIMITATION, ANY AND ALL PRIOR NOTICE AND HEARING FOR ANY PREJUDGMENT REMEDY OR REMEDIES, and each Assignor hereby further waives, to the extent permitted by law: 

(i) all damages occasioned by such taking of possession or any such disposition except any damages which are the direct result
of the Collateral Agent’s gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision); 

(ii) all other requirements as to the time, place and terms of sale or other requirements with respect to the enforcement
of the Collateral Agent’s rights hereunder; and 
 (iii) all rights of redemption, appraisement, valuation, stay,
extension or moratorium now or hereafter in force under any applicable law in order to prevent or delay the enforcement of this Agreement or the absolute sale of the Collateral or any portion thereof, and each Assignor, for itself and all who may
claim under it, insofar as it or they now or hereafter lawfully may, hereby waives the benefit of all such laws. 
 Any sale of, or the grant of options to
purchase, or any other realization upon, any Collateral shall operate to divest all right, title, interest, claim and demand, either at law or in equity, of the relevant Assignor therein and thereto, and shall be a perpetual bar both at law and in
equity against such Assignor and against any and all Persons claiming or attempting to claim the Collateral so sold, optioned or realized upon, or any part thereof, from, through and under such Assignor. 

  
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 7.4. Application of Proceeds. (a) (I) Subject to sub-clause (II) below, all
moneys collected by the Collateral Agent (or, to the extent the Pledge Agreement or any other Security Document requires proceeds of collateral thereunder, which constitutes ABL Priority Collateral, to be applied in accordance with the provisions of
this Agreement, the Pledgee under the Pledge Agreement or the assignee, mortgagee or other corresponding party under such other Security Document) upon any sale or other disposition of, any collection from, or other realization upon all or any part
of, the ABL Priority Collateral (whether or not expressly characterized as such) in connection with the exercise of its rights and remedies in accordance with this Agreement (or, to the extent applicable, the Pledge Agreement or any other Security
Document), or in any Insolvency or Liquidation Proceeding, together with all other moneys received by the Collateral Agent hereunder (or, to the extent the Pledge Agreement or any other Security Document requires proceeds of collateral thereunder,
which constitutes ABL Priority Collateral, to be applied in accordance with the provisions of this Agreement, the pledgee under the Pledge Agreement or the assignee, mortgagee or other corresponding party under such other Security Document) with
respect thereto, shall be applied as follows: 
 (i) first, to the payment of all amounts owing the Collateral Agent
of the type described in clauses (iv), (v), (vi) and (vii) of the definition of “Obligations”; 

(ii) second, to the extent proceeds remain after the application pursuant to preceding clause (i), to the payment
of all amounts owing to any other Agent of the type described in clauses (vi) and (vii) of the definition of “Obligations”; 

(iii) third, to the extent proceeds remain after the application pursuant to preceding clauses (i) and (ii),
an amount equal to the outstanding Primary Obligations which are Credit Document Obligations shall be paid to the Lender Creditors as provided in Section 7.4(e) hereof, with each such Lender Creditor receiving an amount equal to its outstanding
Primary Obligations which are Credit Document Obligations or, if the proceeds are insufficient to pay in full all such Primary Obligations, its Pro Rata Share of the amount remaining to be distributed; 

(iv) fourth, to the extent proceeds remain after the application pursuant to preceding clauses (i) through
(iii), inclusive, an amount equal to the outstanding Secondary Obligations which are Credit Document Obligations shall be paid to the Lender Creditors as provided in Section 7.4(e) hereof, with each such Lender Creditor receiving an amount
equal to its outstanding Secondary Obligations which are Credit Document Obligations or, if the proceeds are insufficient to pay in full all such Secondary Obligations, its Pro Rata Share of the amount remaining to be distributed; 

(v) fifth, to the extent proceeds remain after the application pursuant to preceding clauses (i) through (iv),
an amount equal to the outstanding Primary Obligations which are Treasury Services Obligations and Secured Hedging Obligations shall be paid to the Secured Creditors which are Secured Hedging Creditors or Treasury Services Creditors as provided in
Section 7.4(e) hereof, with each such Secured Creditor receiving an amount equal to its outstanding Primary Obligations which are Treasury Services Obligations and Secured Hedging Obligations Credit Document Obligations or, if the proceeds are
insufficient to pay in full all such Primary Obligations, its Pro Rata Share of the amount remaining to be distributed; 

  
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 (vi) sixth, to the extent proceeds remain after the application
pursuant to preceding clauses (i) through (v), inclusive, an amount equal to the outstanding Secondary Obligations which are Treasury Services Obligations and Secured Hedging Obligations shall be paid to the Secured Creditors which are Secured
Hedging Creditors or Treasury Services Creditors as provided in Section 7.4(e) hereof, with each such Secured Creditor receiving an amount equal to its outstanding Secondary Obligations which are Treasury Services Obligations and Secured
Hedging Obligations or, if the proceeds are insufficient to pay in full all such Secondary Obligations, its Pro Rata Share of the amount remaining to be distributed; 

(vii) seventh, to the extent proceeds remain after the application pursuant to the preceding clauses
(i) through (vi), inclusive, if the Senior Notes Obligations Termination Date has not theretofore occurred, amounts equal to the Senior Secured Note Obligations shall be paid to the Senior Secured Notes Agent for application to the Senior
Secured Note Obligations in accordance with provisions of the Intercreditor Agreement; and 
 (viii) eighth, to
the extent proceeds remain after the application pursuant to preceding clauses (i) through (vii), inclusive, and following the termination of this Agreement pursuant to Section 10.8(a) hereof, to the relevant Assignor or to whomever may be
lawfully entitled to receive such surplus. 
 (II) Subject to the terms of the Intercreditor Agreement, all moneys collected by the
Collateral Agent (or, to the extent the Pledge Agreement or any other Security Document requires proceeds of collateral thereunder, which constitutes Senior Secured Notes Priority Collateral, to be applied in accordance with the provisions of this
Agreement, the Pledgee under the Pledge Agreement or the collateral agent or mortgagee under such other Security Document) upon any sale or other disposition of, any collection from, or other realization upon all or any party of, the Senior Secured
Notes Priority Collateral (whether or not expressly characterized as such) in connection with the exercise of its rights and remedies in accordance with this Agreement (or, to the extent applicable, the Pledge Agreement or any other Security
Document), or in any Insolvency or Liquidation Proceeding, together with all other moneys received by the Collateral Agent hereunder (or, to the extent the Pledge Agreement or any other Security Document requires proceeds of collateral thereunder,
which constitutes Senior Secured Notes Priority Collateral, to be applied in accordance with the provisions of this Agreement, the Pledgee under the Pledge Agreement or the collateral agent or mortgagee under such other Security Document) with
respect thereto, shall be applied as follows: 
 (i) first, in accordance with the provisions of the Intercreditor
Agreement, to the Senior Secured Notes Agent for application to Senior Secured Note Obligations until same have been repaid in full; and 

(ii) second, to the extent proceeds remain after the application pursuant to preceding clause (i), as otherwise
provided in Section 7.4(a)(I) hereof. 

  
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 (b) For purposes of this Agreement: (i) “Pro Rata Share” shall mean, when
calculating a Secured Creditor’s portion of any distribution or amount, that amount (expressed as a percentage) equal to a fraction the numerator of which is the then unpaid amount of such Secured Creditor’s Primary Obligations or
Secondary Obligations, as the case may be, and the denominator of which is the then outstanding amount of all Primary Obligations or Secondary Obligations owing to the applicable Secured Creditors entitled thereto, as the case may be;
(ii) “Primary Obligations” shall mean (x) in the case of the Credit Document Obligations all principal of, premium, fees and interest on, all Loans, all Unpaid Drawings (and all interest thereon), the Stated Amount of (and
the obligation to cash collateralize) all outstanding Letters of Credit and all Fees, (y) in the case of the Secured Hedging Obligations, all amounts due to a Secured Hedging Creditor under each Secured Hedging Agreement (other than
indemnities, fees (including, without limitation, reasonable attorneys’ fees) and similar obligations and liabilities) and (z) in the case of Treasury Services Obligations, all amounts due under each Treasury Services Agreement with a
Treasury Services Creditor (other than indemnities, fees (including, without limitation, reasonable attorneys’ fees) and similar obligations and liabilities); and (iii) “Secondary Obligations” shall mean all Obligations
other than Primary Obligations. 
 (c) When payments to Secured Creditors are based upon their respective Pro Rata Shares,
the amounts received by such Secured Creditors hereunder shall be applied (for purposes of making determinations under this Section 7.4 only) (i) first, to their Primary Obligations and (ii) second, to their Secondary
Obligations. If any payment to any Secured Creditor of its Pro Rata Share of any distribution would result in overpayment to such Secured Creditor, such excess amount shall instead be distributed in respect of the unpaid Primary
Obligations or Secondary Obligations, as the case may be, of the other Secured Creditors entitled to such distribution, with each such Secured Creditor whose Primary Obligations or Secondary Obligations, as the case may be, have not been paid in
full to receive an amount equal to such excess amount multiplied by a fraction the numerator of which is the unpaid Primary Obligations or Secondary Obligations, as the case may be, of such Secured Creditor and the denominator of which is the unpaid
Primary Obligations or Secondary Obligations, as the case may be, of all Secured Creditors entitled to such distribution. 
 (d) Each of the
Secured Creditors, by their acceptance of the benefits hereof and of the other Security Documents, agrees and acknowledges that if the Lender Creditors receive a distribution on account of undrawn amounts with respect to Letters of Credit issued
under the Credit Agreement (which shall only occur after all outstanding Revolving Loans under the Credit Agreement and Unpaid Drawings have been paid in full), such amounts shall be paid to the Administrative Agent under the Credit Agreement and
held by it, for the equal and ratable benefit of the Lender Creditors, as cash security for the repayment of Obligations owing to the Lender Creditors as such. If any amounts are held as cash security pursuant to the immediately preceding sentence,
then upon the termination of all outstanding Letters of Credit under the Credit Agreement, and after the application of all such cash security to the repayment of all Obligations owing to the Lender Creditors after giving effect to the termination
of all such Letters of Credit, if there remains any excess cash, such excess cash shall be returned by the Administrative Agent to the Collateral Agent for distribution in accordance with Section 7.4(a) hereof. 

  
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 (e) Subject to the terms of the Intercreditor Agreement, all payments required to be made
hereunder shall be made (x) if to the Lender Creditors, to the Administrative Agent for the account of the Lender Creditors, and (y) if to the Secured Hedging Creditors or the Treasury Services Creditors, to the trustee, paying agent or
other similar representative (each, a “Representative”) for the Secured Hedging Creditors or the Treasury Services Creditors, as applicable, or, in the absence of such a Representative, directly to the Secured Hedging Creditors or
the Treasury Services Creditors, as applicable. 
 (f) For purposes of applying payments received in accordance with this Section 7.4,
the Collateral Agent shall be entitled to rely upon the Administrative Agent and (ii) the Representative or, in the absence of such a Representative, upon the Secured Hedging Creditors and the Treasury Services Creditors, as applicable, for a
determination (which the Administrative Agent, each Representative, the Secured Hedging Creditors and the Treasury Services Creditors agree (or shall agree) to provide upon request of the Collateral Agent) of the outstanding Primary Obligations and
Secondary Obligations owed to the Lender Creditors, the Secured Hedging Creditors or the Treasury Services Creditors, as the case may be.Unless it has received written notice from a Lender Creditor, a Secured Hedging Creditor or a Treasury Services
Creditor to the contrary, the Administrative Agent and each Representative, in furnishing information pursuant to the preceding sentence, and the Collateral Agent, in acting hereunder, shall be entitled to assume that no Secondary Obligations are
outstanding. Unless it has written notice from a Secured Hedging Creditor to the contrary, the Collateral Agent, in acting hereunder, shall be entitled to assume that no Secured Hedging Agreements are in existence. 

(g) It is understood that the Assignors shall remain jointly and severally liable to the extent of any deficiency between the amount of the
proceeds of the Collateral and the aggregate amount of the Obligations. 
 (h) It is understood and agreed by each Assignor and each Secured
Creditor that the Collateral Agent shall have no liability for any determinations made by it in this Section 7.4 (including, without limitation, as to whether given Collateral constitutes Senior Secured Notes Priority Collateral or ABL Priority
Collateral), in each case except to the extent resulting from the gross negligence or willful misconduct of the Collateral Agent (as determined by a court of competent jurisdiction in a final and non-appealable decision). Each Assignor and each
Secured Creditor also agrees that the Collateral Agent may (but shall not be required to), at any time and in its sole discretion, and with no liability resulting therefrom, petition a court of competent jurisdiction regarding any application of
Collateral in accordance with the requirements hereof and of the Intercreditor Agreement, and the Collateral Agent shall be entitled to wait for, and may conclusively rely on, any such determination. 

7.5. Remedies Cumulative. Each and every right, power and remedy hereby specifically given to the Collateral Agent shall be in addition
to every other right, power and remedy specifically given to the Collateral Agent under this Agreement, the other Secured Debt Agreements or now or hereafter existing at law, in equity or by statute and each and every right, power and remedy whether
specifically herein given or otherwise existing may be exercised from time to time or simultaneously and as often and in such order as may be deemed expedient by the Collateral Agent. All such rights, powers and remedies shall be cumulative and the

  
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 exercise or the beginning of the exercise of one shall not be deemed a waiver of the right to exercise any other
or others. No delay or omission of the Collateral Agent in the exercise of any such right, power or remedy and no renewal or extension of any of the Obligations shall impair any such right, power or remedy or shall be construed to be a waiver of any
Default or Event of Default or an acquiescence thereof. No notice to or demand on any Assignor in any case shall entitle it to any other or further notice or demand in similar or other circumstances or constitute a waiver of any of the rights of the
Collateral Agent to any other or further action in any circumstances without notice or demand. In the event that the Collateral Agent shall bring any suit to enforce any of its rights hereunder and shall be entitled to judgment, then in such suit
the Collateral Agent may recover reasonable expenses, including reasonable attorneys’ fees, and the amounts thereof shall be included in such judgment. 

7.6. Discontinuance of Proceedings. In case the Collateral Agent shall have instituted any proceeding to enforce any right, power or
remedy under this Agreement by foreclosure, sale, entry or otherwise, and such proceeding shall have been discontinued or abandoned for any reason or shall have been determined adversely to the Collateral Agent, then and in every such case the
relevant Assignor, the Collateral Agent and each holder of any of the Obligations shall be restored to their former positions and rights hereunder with respect to the Collateral subject to the security interest created under this Agreement, and all
rights, remedies and powers of the Collateral Agent shall continue as if no such proceeding had been instituted. 
 ARTICLE VIII 

INDEMNITY 
 8.1.
Indemnity. (a) Each Assignor jointly and severally agrees to indemnify, reimburse and hold the Collateral Agent, each other Secured Creditor and their respective successors, assigns, employees, affiliates and agents (hereinafter in this
Section 8.1 referred to individually as “Indemnitee,” and collectively as “Indemnitees”) harmless from any and all liabilities, obligations, damages, injuries, penalties, claims, demands, actions, suits,
judgments and any and all costs, expenses or disbursements (including reasonable attorneys’ fees and expenses) (for the purposes of this Section 8.1 the foregoing are collectively called “expenses”) of whatsoever kind and
nature imposed on, asserted against or incurred by any of the Indemnitees in any way relating to or arising out of this Agreement, any other Secured Debt Agreement or any other document executed in connection herewith or therewith or in any other
way connected with the administration of the transactions contemplated hereby or thereby or the enforcement of any of the terms of, or the preservation of any rights under any thereof, or in any way relating to or arising out of the manufacture,
ownership, ordering, purchase, delivery, control, acceptance, lease, financing, possession, operation, condition, sale, return or other disposition, or use of the Collateral (including, without limitation, latent or other defects, whether or not
discoverable), the violation of the laws of any country, state or other governmental body or unit, any tort (including, without limitation, claims arising or imposed under the doctrine of strict liability, or for or on account of injury to or the
death of any Person (including any Indemnitee), or property damage), or contract claim; provided that no Indemnitee shall be indemnified pursuant to this Section 8.1(a) for losses, damages or liabilities to the extent caused by the gross
negligence, bad faith or willful misconduct of such Indemnitee (as determined by a court of competent jurisdiction in a final and non-appealable decision). Each 

  
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Assignor agrees that upon written notice by any Indemnitee of the assertion of such a liability, obligation, damage, injury, penalty, claim, demand, action, suit or judgment, the relevant
Assignor shall assume full responsibility for the defense thereof. Each Indemnitee agrees to use its best efforts to promptly notify the relevant Assignor of any such assertion of which such Indemnitee has knowledge. 

(b) Without limiting the application of Section 8.1(a) hereof, each Assignor agrees, jointly and severally, to pay or reimburse the
Collateral Agent for any and all reasonable fees, costs and expenses of whatever kind or nature incurred in connection with the creation, preservation or protection of the Collateral Agent’s Liens on, and security interest in, the Collateral,
including, without limitation, all fees and taxes in connection with the recording or filing of instruments and documents in public offices, payment or discharge of any taxes or Liens upon or in respect of the Collateral, premiums for insurance with
respect to the Collateral and all other fees, costs and expenses in connection with protecting, maintaining or preserving the Collateral and the Collateral Agent’s interest therein, whether through judicial proceedings or otherwise, or in
defending or prosecuting any actions, suits or proceedings arising out of or relating to the Collateral. 
 (c) Without limiting the
application of Section 8.1(a) or (b) hereof, each Assignor agrees, jointly and severally, to pay, indemnify and hold each Indemnitee harmless from and against any loss, costs, damages and expenses which such Indemnitee may suffer, expend
or incur in consequence of or growing out of any misrepresentation by any Assignor in this Agreement, any other Secured Debt Agreement or in any writing contemplated by or made or delivered pursuant to or in connection with this Agreement or any
other Secured Debt Agreement. 
 (d) If and to the extent that the obligations of any Assignor under this Section 8.1 are unenforceable
for any reason, such Assignor hereby agrees to make the maximum contribution to the payment and satisfaction of such obligations which is permissible under applicable law. 

8.2. Indemnity Obligations Secured by Collateral; Survival. Any amounts paid by any Indemnitee as to which such Indemnitee has the right
to reimbursement shall constitute Obligations secured by the Collateral. The indemnity obligations of each Assignor contained in this Article VIII shall continue in full force and effect notwithstanding the full payment of all of the other
Obligations and notwithstanding the full payment of all the Notes issued, and Loans made, under the Credit Agreement, the termination of all Letters of Credit issued under the Credit Agreement, the termination of all Secured Hedging Agreements
entered into with the Secured Hedging Creditors, the termination of all Treasury Services Agreements entered into with the Treasury Services Creditors and the payment of all other Obligations and notwithstanding the discharge thereof and the
occurrence of the Termination Date. 

  
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 ARTICLE IX 

DEFINITIONS 
 The following terms
shall have the meanings herein specified. Such definitions shall be equally applicable to the singular and plural forms of the terms defined. 

“ABL Priority Collateral” shall have the meaning assigned that term in the Intercreditor Agreement. 

“Account” shall mean any “account” as such term is defined in the Uniform Commercial Code as in effect on the date
hereof in the State of New York, and in any event shall include but shall not be limited to, all rights to payment of any monetary obligation, whether or not earned by performance, (i) for property that has been or is to be sold, leased,
licensed, assigned or otherwise disposed of, (ii) for services rendered or to be rendered, (iii) for a policy of insurance issued or to be issued, (iv) for a secondary obligation incurred or to be incurred, (v) for energy
provided or to be provided, (vi) for the use or hire of a vessel under a charter or other contract, (vii) arising out of the use of a credit or charge card or information contained on or for use with the card, or (viii) as winnings in
a lottery or other game of chance operated or sponsored by a State, governmental unit of a State, or person licensed or authorized to operate the game by a State or governmental unit of a State. Without limiting the foregoing, the term
“account” shall include all Health-Care-Insurance Receivables. 
 “Administrative Agent” shall have the meaning
provided in the recitals of this Agreement. 
 “Agreement” shall mean this Security Agreement, as the same may be amended,
modified, restated and/or supplemented from time to time in accordance with its terms. 
 “As-Extracted Collateral” shall
mean “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 

“Assignor” shall have the meaning provided in the first paragraph of this Agreement. 

“Borrower” shall have the meaning provided in the recitals to this Agreement. 

“Cash Collateral Account” shall mean a non-interest bearing cash collateral account maintained with, and in the sole dominion
and control of, the Collateral Agent for the benefit of the Secured Creditors. 
 “Chattel Paper” shall mean “chattel
paper” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. Without limiting the foregoing, the term “Chattel Paper” shall in any event include all Tangible Chattel Paper and
all Electronic Chattel Paper. 
 “Class” shall have the meaning provided in Section 10.2 of this Agreement. 

“Collateral” shall have the meaning provided in Section 1.1(a) of this Agreement. 

  
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 “Collateral Agent” shall have the meaning provided in the first paragraph of
this Agreement. 
 “Commercial Tort Claims” shall mean “commercial tort claims” as such term is defined in the
Uniform Commercial Code as in effect on the date hereof in the State of New York. 
 “Contract Rights” shall mean all
rights of any Assignor under each Contract, including, without limitation, (i) any and all rights to receive and demand payments under any or all Contracts, (ii) any and all rights to receive and compel performance under any or all
Contracts and (iii) any and all other rights, interests and claims now existing or in the future arising in connection with any or all Contracts. 

“Contracts” shall mean all contracts between any Assignor and one or more additional parties (including, without limitation,
any Interest Rate Protection Agreements, Other Hedging Agreements, licensing agreements and any partnership agreements, joint venture agreements and limited liability company agreements). 

“Copyrights” shall mean any United States or foreign copyright now or hereafter owned by any Assignor, including any
registrations of any copyrights, in the United States Copyright Office or any foreign equivalent office, as well as any application for a copyright registration now or hereafter made with the United States Copyright Office or any foreign equivalent
office by any Assignor. 
 “Credit Agreement” shall have the meaning provided in the recitals of this Agreement. 

“Credit Document Obligations” shall have the meaning provided in the definition of “Obligations” in this Article
IX. 
 “Deposit Accounts” shall mean all “deposit accounts” as such term is defined in the Uniform Commercial
Code as in effect on the date hereof in the State of New York. 
 “Discharge of Senior Secured Note Obligations” shall have
the meaning assigned that term in the Intercreditor Agreement. 
 “Documents” shall mean “documents” as such term
is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 
 “Domain Names” shall
mean all Internet domain names and associated URL addresses in or to which any Assignor now or hereafter has any right, title or interest. 

“Electronic Chattel Paper” shall mean “electronic chattel paper” as such term is defined in the Uniform Commercial
Code as in effect on the date hereof in the State of New York. 

  
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 “Equipment” shall mean any “equipment” as such term is defined in the
Uniform Commercial Code as in effect on the date hereof in the State of New York, and in any event, shall include, but shall not be limited to, all machinery, equipment, furnishings, fixtures and vehicles now or hereafter owned by any Assignor and
any and all additions, substitutions and replacements of any of the foregoing and all accessions thereto, wherever located, together with all attachments, components, parts, equipment and accessories installed thereon or affixed thereto. 

“Event of Default” shall mean any Event of Default under, and as defined in, the Credit Agreement. 

“Excluded Assets” shall have the meaning provided in Section 1.1(b) of this Agreement. 

“Exempted Foreign Entity” shall mean (a) any CFC, (b) a direct or indirect Subsidiary of the Borrower substantially
all of the assets of which consist of the Equity Interests of one or more CFCs, (c) a Subsidiary of the Borrower that is organized under the laws of a jurisdiction located in the United States of America and is owned, directly or indirectly, by
a CFC, (d) a Subsidiary of the Borrower treated as disregarded for United States federal income tax purposes that owns, directly or indirectly, through one or more Subsidiaries that are treated as disregarded for United States federal income
tax purposes, more than 65% of the Equity Interests of a CFC or of a Subsidiary described in clause (b) or (c) of this definition, and such Equity Interests constitute substantially all the assets of such Subsidiaries; provided,
however, to the extent that any of the foregoing entities is not an “Exempted Foreign Entity” for purposes of the Senior Secured Notes Documents, the Revolving Senior Secured Notes Documents or the Additional Obligations Documents,
such entity shall not be an Exempted Foreign Entity hereunder. 
 “General Intangibles” shall mean “general
intangibles” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 

“Goods” shall mean “goods” as such term is defined in the Uniform Commercial Code as in effect on the date hereof
in the State of New York. 
 “Health-Care-Insurance Receivable” shall mean any “health-care-insurance receivable”
as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 

“Holdings” shall have the meaning provided in the recitals hereto. 

“Indemnitee” shall have the meaning provided in Section 8.1(a) of this Agreement. 

“Insolvency or Liquidation Proceeding” shall have the meaning provided in the Intercreditor Agreement. 

“Instrument” shall mean “instruments” as such term is defined in the Uniform Commercial Code as in effect on the
date hereof in the State of New York. 

  
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 “Inventory” shall mean merchandise, inventory and goods, and all additions,
substitutions and replacements thereof and all accessions thereto, wherever located, together with all goods, supplies, incidentals, packaging materials, labels, materials and any other items used or usable in manufacturing, processing, packaging or
shipping same, in all stages of production from raw materials through work in process to finished goods, and all products and proceeds of whatever sort and wherever located any portion thereof which may be returned, rejected, reclaimed or
repossessed by the Collateral Agent from any Assignor’s customers, and shall specifically include all “inventory” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 

“Investment Property” shall mean “investment property” as such term is defined in the Uniform Commercial Code as in
effect on the date hereof in the State of New York. 
 “Lender Counterparty” shall mean any counterparty to an Interest
Rate Protection Agreement and/or Other Hedging Agreement that is the Administrative Agent, a Lender or an affiliate of the Administrative Agent or a Lender at the time such Person enters into such Interest Rate Protection Agreement and/or Other
Hedging Agreement (even if the Administrative Agent or such Lender subsequently ceases to be the Administrative Agent or a Lender, as the case may be, under this Agreement for any reason, together with the Administrative Agent’s, such
Lender’s or such affiliate’s successor and assigns), so long as the Administrative Agent, such Lender, such affiliate or such successor or assign participates in such Interest Rate Protection Agreement and/or Other Hedging Agreement. 

“Lender Creditors” shall have the meaning provided in the recitals of this Agreement. 

“Lenders” shall have the meaning provided in the recitals of this Agreement. 

“Letter-of-Credit Rights” shall mean “letter-of-credit rights” as such term is defined in the Uniform Commercial
Code as in effect on the date hereof in the State of New York. 
 “Location” of any Assignor, shall mean such
Assignor’s “location” as determined pursuant to Section 9-307 of the UCC. 
 “Marks” shall mean all
right, title and interest in and to any trademarks, service marks and trade names now held or hereafter acquired by any Assignor, including any registration or application for registration of any trademarks and service marks now held or hereafter
acquired by any Assignor, which are registered or filed in the United States Patent and Trademark Office or the equivalent thereof in any state of the United States or any equivalent foreign office or agency, as well as any unregistered trademarks
and service marks used by an Assignor and any trade dress including logos, designs, fictitious business names and other business identifiers used by any Assignor. 

  
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 “Obligations” shall mean and include, as to any Assignor, all of the following:

 (i) the full and prompt payment when due (whether at stated maturity, by acceleration or otherwise) of all obligations,
liabilities and indebtedness (including, without limitation, principal, premium, interest (including, without limitation, all interest, fees and expenses that accrue after the commencement of any case, proceeding or other action relating to the
bankruptcy, insolvency, reorganization or similar proceeding of any Assignor at the rate provided for in the respective documentation, whether or not a claim for post-petition interest, fees or expenses are allowed in any such proceeding),
reimbursement obligations under Letters of Credit, fees, costs and indemnities) of such Assignor to the Lender Creditors, whether now existing or hereafter incurred under, arising out of, or in connection with, each Credit Document to which such
Assignor is a party (including, without limitation, in the event such Assignor is a Guarantor, all such obligations, liabilities and indebtedness of such Assignor under its Guaranty) and the due performance and compliance by such Assignor with all
of the terms, conditions and agreements contained in each such Credit Document (all such obligations, liabilities and indebtedness under this clause (i), except to the extent consisting of obligations or indebtedness with respect to Secured Hedging
Agreements or Treasury Services Agreements, being herein collectively called the “Credit Document Obligations”); 

(ii) the full and prompt payment when due (whether at stated maturity, by acceleration or otherwise) of all obligations,
liabilities and indebtedness (including without limitation, all interest, fees and expenses that accrue after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency, reorganization or similar proceeding of
any Assignor at the rate provided for in the respective documentation, whether or not a claim for post-petition interest, fees or expenses are allowed in any such proceeding) owing by such Assignor to the Secured Hedging Creditors, now existing or
hereafter incurred under, arising out of or in connection with any Secured Hedging Agreement, whether such Secured Hedging Agreement is now in existence or hereinafter arising (including, without limitation, in the case of an Assignor that is a
Guarantor, all obligations, liabilities and indebtedness of such Assignor under its Guaranty in respect of the Secured Hedging Agreements), and the due performance and compliance by such Assignor with all of the terms, conditions and agreements
contained in each such Secured Hedging Agreement (all such obligations, liabilities and indebtedness under this clause (ii) being herein collectively called the “Secured Hedging Obligations”); 

(iii) the full and prompt payment when due (whether at the stated maturity, by required prepayment, declaration,
acceleration, demand or otherwise) of all obligations, liabilities and indebtedness (including, without limitation, all interest, fees and expenses that accrue after the commencement of any case, proceeding or other action relating to the
bankruptcy, insolvency, reorganization or similar proceeding at the rate provided for in the respective documentation, whether or not such interest, fees or expenses are allowed in any such proceeding) owing by such Assignor to each Treasury
Services Creditor with respect to Treasury Services, whether now in existence or hereafter arising in each case under any Treasury Services Agreement (including, without limitation, in the case of an Assignor that is a Guarantor, all obligations,
liabilities and indebtedness of such Assignor under its Guaranty in respect of the Secured Hedging Agreements) (all such obligations, liabilities and indebtedness described in this clause (iii) being herein collectively called the
“Treasury Services Obligations”); 

  
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 (iv) any and all sums advanced by the Collateral Agent in order to preserve the
Collateral or preserve its security interest in the Collateral; 
 (v) in the event of any proceeding for the collection
or enforcement of any indebtedness, obligations, or liabilities of such Assignor referred to in clauses (i), (ii) and (iii) above, after an Event of Default shall have occurred and be continuing, the reasonable expenses of retaking,
holding, preparing for sale or lease, selling or otherwise disposing of or realizing on the Collateral, or of any exercise by the Collateral Agent of its rights hereunder, together with reasonable attorneys’ fees and court costs; 

(vi) all amounts paid by any Indemnitee as to which such Indemnitee has the right to reimbursement under Section 8.1
of this Agreement; and 
 (vii) all amounts owing to the Administrative Agent, the Collateral Agent, the Syndication
Agent or any of their respective affiliates pursuant to any of the Credit Documents in its capacity as such; 
 it being acknowledged and
agreed that the “Obligations” shall include extensions of credit of the types described above, whether now existing hereafter incurred or extended from time to time after the date of this Agreement. 

“Patents” shall mean any patent in or to which any Assignor now or hereafter has any right, title or interest therein, and
any divisions, continuations (including, but not limited to, continuations-in-parts) and improvements thereof, as well as any application for a patent now or hereafter made by any Assignor. 

“Permits” shall mean, to the extent permitted to be assigned by the terms thereof or by applicable law, all licenses,
permits, rights, orders, variances, franchises or authorizations of or from any governmental authority or agency. 
 “Primary
Obligations” shall have the meaning provided in Section 7.4(b) of this Agreement. 
 “Pro Rata Share” shall
have the meaning provided in Section 7.4(b) of this Agreement. 
 “Proceeds” shall mean all “proceeds” as
such term is defined in the Uniform Commercial Code as in effect in the State of New York on the date hereof and, in any event, shall also include, but not be limited to, (i) any and all proceeds of any insurance, indemnity, warranty or
guaranty payable to the Collateral Agent or any Assignor from time to time with respect to any of the Collateral, (ii) any and all payments (in any form whatsoever) made or due and payable to any Assignor from time to time in connection with
any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any governmental authority (or any person acting under color of governmental authority) and (iii) any and all other amounts from time to
time paid or payable under or in connection with any of the Collateral. 
 “Registered Organization” shall have the meaning
provided in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 

  
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 “Representative” shall have the meaning provided in Section 7.4(e) of this
Agreement. 
 “Required Secured Creditors” shall mean (i) at any time when any Credit Document Obligations or Letters
of Credit are outstanding or any Revolving Loan Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of
the Credit Document Obligations have been paid in full and all Revolving Loan Commitments and Letters of Credit under the Credit Agreement have been terminated and no further Commitments and Letters of Credit may be provided thereunder, the holders
of a majority of the outstanding Secured Hedging Obligations and Treasury Services Obligations (taken as a whole). 
 “Requisite
Creditors” shall have the meaning provided in Section 10.2 of this Agreement. 
 “Secondary Obligations”
shall have the meaning provided in Section 7.4(b) of this Agreement. 
 “Secured Creditors” shall have the meaning
provided in the recitals of this Agreement. 
 “Secured Debt Agreements” shall mean and include this (i) Agreement,
(ii) the other Credit Documents, (iii) the Secured Hedging Agreements entered into with a Secured Hedging Creditor and (iv) the Treasury Services Agreements entered into with a Treasury Services Creditor. 

“Secured Hedging Agreement” shall mean each Interest Rate Protection Agreement and/or Other Hedging Agreement entered into
between a Borrower and a Lender Counterparty; provided that (i) such Interest Rate Protection Agreement and/or Other Hedging Agreement expressly states that it constitutes a “Secured Hedging Agreement” for purposes of the
Credit Agreement and the other Credit Documents and (ii) the Borrower and the other parties thereto shall have delivered to the Collateral Agent a written notice specifying that such Interest Rate Protection Agreement and/or Other Hedging
Agreement constitutes a “Secured Hedging Agreement” for purposes of the Credit Agreement and the other Credit Documents. 

“Secured Hedging Creditors” shall have the meaning provided in the recitals of this Agreement. 

“Secured Hedging Obligations” shall have the meaning provided in the definition of “Obligations” in this Article
IX. 
 “Senior Notes Obligations Termination Date” shall mean that date upon which the Discharge of Senior Secured Note
Obligations shall have occurred. 
 “Senior Secured Note Documents” shall have the meaning assigned to such term in the
Intercreditor Agreement. 

  
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 “Senior Secured Note Obligations” shall have the meaning assigned to such term
in the Intercreditor Agreement. 
 “Senior Secured Notes Agent” shall have the meaning assigned to such term in the
Intercreditor Agreement. 
 “Senior Secured Notes Priority Collateral” shall have the meaning assigned to such term in the
Intercreditor Agreement. 
 “Senior Secured Notes Secured Parties” shall have the meaning assigned to the term “Senior
Secured Note Claimholders” in the Intercreditor Agreement. 
 “Software” shall mean “software” as such term
is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 
 “State” shall mean
any state of the United States. 
 “Supporting Obligations” shall mean any “supporting obligation” as such term
is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York, now or hereafter owned by any Assignor, or in which any Assignor has any rights, and, in any event, shall include, but shall not be limited to all of
such Assignor’s rights in any Letter-of-Credit Right or secondary obligation that supports the payment or performance of, and all security for, any Account, Chattel Paper, Document, General Intangible, Instrument or Investment Property. 

“Tangible Chattel Paper” shall mean “tangible chattel paper” as such term is defined in the Uniform Commercial Code
as in effect on the date hereof in the State of New York. 
 “Termination Date” shall have the meaning provided in
Section 10.8(a) of this Agreement. 
 “Timber-to-be-Cut” shall mean “timber-to-be-cut” as such term is
defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York. 
 “Trade Secrets” shall
mean any secretly held existing engineering or other data, information, production procedures and other know-how relating to the design manufacture, assembly, installation, use, operation, marketing, sale and/or servicing of any products or business
of an Assignor worldwide whether written or not. 
 “Trade Secret Rights” shall mean the rights of an Assignor in any Trade
Secret it holds. 
 “Transmitting Utility” shall have the meaning given such term in Section 9-102(a)(80) of the UCC
as in effect on the date hereof. 
 “Treasury Services” shall have the meaning provided in the recitals of this Agreement.

  
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 “Treasury Services Agreement” shall have the meaning provided in the recitals of
this Agreement. 
 “Treasury Services Creditors” shall have the meaning provided in the recitals of this Agreement. 

“Treasury Services Obligations” shall have the meaning provided in the definition of “Obligations” in this Article
IX. 
 “UCC” shall mean the Uniform Commercial Code as in effect from time to time in the relevant jurisdiction. 

ARTICLE X 
 MISCELLANEOUS 

10.1. Notices. Except as otherwise specified herein, all notices, requests, demands or other communications to or upon the respective
parties hereto shall be sent or delivered by mail, telecopy or courier service and all such notices and communications shall, when mailed, telecopied or sent by courier, be effective when deposited in the mails, delivered to the overnight courier,
or sent by telecopier, except that notices and communications to the Collateral Agent or any Assignor shall not be effective until received by the Collateral Agent or such Assignor, as the case may be. All notices and other communications shall be
in writing and addressed as follows: 
  

	 	(a)	if to any Assignor, c/o: 

 c/o BI-LO Holding, LLC, 

208 BI-LO Boulevard 
 Greenville,
South Carolina 29607 
 Attention: Kenneth Jones 

Facsimile: (864) 234-6999 

with a copy to: 
 Hudson Advisors,
LLC 
 2711 N. Haskell Avenue, Suite 1800 

Dallas, Texas 75204 
 Attention:
Legal Department 
 Facsimile: (214) 754-8302 
  

	 	(b)	if to the Collateral Agent, at: 

 Deutsche Bank Trust Company Americas 

60 Wall Street 
 New York, New
York 10005 
 Attention: Dusan Lazarov 

Telephone No.: (212) 250-0211 

Facsimile No.: (212) 797-5695 

  
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	 	(c)	if to any Lender Creditor other than the Collateral Agent, at such address as such Lender Creditor shall have specified in the Credit Agreement; 

 

	 	(d)	if to any Secured Hedging Creditor, at such address as such Secured Hedging Creditor shall have specified in writing to the Borrower and the Collateral Agent; 

 

	 	(e)	if to any Treasury Services Creditor, at such address as such Treasury Services Creditor shall have specified in writing to the Borrower and the Collateral Agent; 

or at such other address or addressed to such other individual as shall have been furnished in writing by any Person described above to the party required to
give notice hereunder. 
 10.2. Waiver; Amendment. Except as provided in Sections 10.8 and 10.12, none of the terms and conditions of
this Agreement or any other Security Document may be changed, waived, modified or varied in any manner whatsoever unless in writing duly signed by each Assignor directly affected thereby (it being understood that the addition or release of any
Assignor hereunder or under another Security Document shall not constitute a change, waiver, discharge or termination affecting any Assignor other than the Assignor so added or released) and the Collateral Agent (with the written consent of the
Required Secured Creditors); provided, however, that any change, waiver, modification or variance affecting the rights and benefits of a single Class of Secured Creditors (and not all Secured Creditors in a like or similar manner) also
shall require the written consent of the Requisite Creditors of such affected Class. For the purpose of this Agreement and the other Security Documents, the term “Class” shall mean each class of Secured Creditors, i.e., whether
(x) the Lender Creditors as holders of the Credit Document Obligations, (y) the Secured Hedging Creditors as the holders of the Secured Hedging Obligations or (z) the Treasury Services Creditors as the holders of the Treasury Services
Obligations. For the purpose of this Agreement and the other Security Documents, the term “Requisite Creditors” of any Class shall mean each of (x) with respect to the Credit Document Obligations, the Required Lenders (or, to
the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders), (y) with respect to the Secured Hedging Obligations, the holders of at least a majority of all Secured Hedging Obligations outstanding from time to time
and (z) with respect to the Treasury Services Obligations, the holders of at least a majority of all the Treasury Services Obligations outstanding from time to time. 

10.3. Obligations Absolute. The obligations of each Assignor hereunder shall remain in full force and effect without regard to, and
shall not be impaired by, (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of such Assignor; (b) any exercise or non-exercise, or any waiver of, any right, remedy, power or
privilege under or in respect of this Agreement or any other Secured Debt Agreement; or (c) any amendment to or modification of any other Secured Debt Agreement or any security for any of the Obligations (in each case), whether or not such
Assignor shall have notice or knowledge of any of the foregoing. 

  
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 10.4. Successors and Assigns. This Agreement shall create a continuing security interest
in the Collateral and shall (i) remain in full force and effect, subject to release and/or termination as set forth in Section 10.8 hereof, (ii) be binding upon each Assignor, its successors and assigns, provided
however, that no Assignor shall assign any of its rights or obligations hereunder without the prior written consent of the Collateral Agent (with the consent of the Required Secured Creditors), and (iii) inure, together with the rights
and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent, the other Secured Creditors and their respective successors, transferees and assigns. All agreements, statements, representations and warranties made by each
Assignor herein or in any certificate or other instrument delivered by such Assignor or on its behalf under this Agreement shall be considered to have been relied upon by the Secured Creditors and shall survive the execution and delivery of this
Agreement and the other Secured Debt Agreements regardless of any investigation made by the Secured Creditors or on their behalf. 
 10.5.
Headings Descriptive. The headings of the several sections of this Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this Agreement. 

10.6. GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL. (a) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES). ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT
DOCUMENT SHALL BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EACH CASE WHICH ARE LOCATED IN THE COUNTY OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH ASSIGNOR
HEREBY IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS. EACH ASSIGNOR HEREBY FURTHER IRREVOCABLY WAIVES ANY CLAIM THAT ANY SUCH COURTS LACK PERSONAL
JURISDICTION OVER SUCH ASSIGNOR, AND AGREES NOT TO PLEAD OR CLAIM IN ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT BROUGHT IN ANY OF THE AFORESAID COURTS THAT ANY SUCH COURT LACKS PERSONAL JURISDICTION
OVER SUCH ASSIGNOR. EACH ASSIGNOR FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO
ANY SUCH ASSIGNOR AT ITS ADDRESS FOR NOTICES AS PROVIDED IN SECTION 10.1 ABOVE, SUCH SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. EACH ASSIGNOR HEREBY IRREVOCABLY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY
WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER OR UNDER ANY OTHER CREDIT DOCUMENT THAT SUCH SERVICE OF PROCESS WAS IN ANY WAY INVALID OR INEFFECTIVE. NOTHING HEREIN, HOWEVER, SHALL AFFECT THE 

  
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 RIGHT OF THE COLLATERAL AGENT UNDER THIS AGREEMENT OR ANY SECURED CREDITOR TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY ASSIGNOR IN ANY OTHER JURISDICTION. 
 (b) EACH ASSIGNOR
HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT BROUGHT IN THE COURTS
REFERRED TO IN CLAUSE (a) ABOVE THAT ARE LOCATED IN THE COUNTY OF NEW YORK AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN
AN INCONVENIENT FORUM. 
 (c) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

10.7. Assignors’ Duties. It is expressly agreed, anything herein contained to the contrary notwithstanding, that each Assignor
shall remain liable to perform all of the obligations, if any, assumed by it with respect to the Collateral and the Collateral Agent shall not have any obligations or liabilities with respect to any Collateral by reason of or arising out of this
Agreement, nor shall the Collateral Agent be required or obligated in any manner to perform or fulfill any of the obligations of any Assignor under or with respect to any Collateral. 

10.8. Termination; Release. (a) On the Termination Date, this Agreement shall terminate (provided that all indemnities set
forth herein including, without limitation in Section 8.1 hereof, shall survive such termination) and the Collateral Agent, at the request and expense of the respective Assignor, will promptly execute and deliver to such Assignor a proper
instrument or instruments (including Uniform Commercial Code termination statements on form UCC-3) acknowledging the satisfaction and termination of this Agreement, and will duly assign, transfer and deliver to such Assignor (without recourse and
without any representation or warranty) such of the Collateral as may be in the possession of the Collateral Agent and as has not theretofore been sold or otherwise applied or released pursuant to this Agreement. As used in this Agreement,
“Termination Date” shall mean the date upon which the Total Revolving Loan Commitment under the Credit Agreement has been terminated, no Note is outstanding (and all Loans and Unpaid Drawings have been paid in full), all Letters of
Credit have been terminated (or arrangements with respect to the Letters of Credits that are satisfactory to the Administrative Agent and the applicable Issuing Lender have been made), all Obligations under Secured Hedging Agreements and Treasury
Services Agreements and all other Obligations (other than indemnities under the Secured Debt Agreements which are not then due and payable) then due and payable have been paid in full (or arrangements with respect to the Secured Hedging Agreements
and/or Treasury Services Agreements that are satisfactory to the applicable Secured Hedging Creditor or Treasury Services Creditor have been made) and all Secured 

  
 -39- 

 Hedging Agreements and Treasury Services Agreements have been terminated (or arrangements with respect to the
Secured Hedging Agreements and Treasury Services Agreements that are satisfactory to the applicable Secured Hedging Creditors or Treasury Services Creditors, as the case may be, have been made). 

(b) In the event that any part of the Collateral is sold or otherwise disposed of (to a Person other than a Credit Party) (x) at any time
prior to the time at which all Credit Document Obligations have been paid in full and all Revolving Loan Commitments and Letters of Credit under the Credit Agreement have been terminated, in connection with a sale or disposition permitted by
Section 10.02 of the Credit Agreement or is otherwise released at the direction of the Required Lenders (or all the Lenders if required by Section 13.12 of the Credit Agreement) or as required pursuant to the Intercreditor Agreement or
(y) at any time thereafter, to the extent permitted by the other Secured Debt Agreements, and in the case of clauses (x) and (y), the proceeds of such sale or disposition (or from such release) are applied in accordance with the terms of
the Credit Agreement or such other Secured Debt Agreement, as the case may be, to the extent required to be so applied, the Collateral Agent, at the request and expense of such Assignor, will duly release from the security interest created hereby
(and will execute and deliver such documentation, including termination or partial release statements, including UCC-3s, and the like in connection therewith) and assign, transfer and deliver to such Assignor (without recourse and without any
representation or warranty) such of the Collateral as is then being (or has been) so sold or otherwise disposed of, or released, and as may be in the possession of the Collateral Agent and has not theretofore been released pursuant to this
Agreement. Furthermore, upon the release of any Subsidiary Guarantor from the Subsidiaries Guaranty in accordance with the provisions thereof, such Assignor (and the Collateral at such time assigned by the respective Assignor pursuant hereto) shall
be released from this Agreement, and the Collateral Agent, at the request and expense of such Assignor being released, will duly release from the security interest created hereby (and will execute and deliver such documentation, including
termination or partial release statements, including UCC-3s, and the like in connection therewith) and assign, transfer and deliver to such Assignor (without recourse and without any representation or warranty) the Collateral of such Assignor being
released. Notwithstanding anything to the contrary contained above in this clause (b), at the time of each release of Collateral pursuant to this clause (b), the Assignor requesting such release shall certify to the Collateral Agent that, at the
time of such release and immediately after giving effect thereto (and to the sale of the respective Collateral), either (x) no Obligations are or will be then due and payable or (y) that all Obligations which will then be due and payable
shall be paid on such date in accordance with the requirements of the respective Secured Debt Agreement(s). 
 (c) At any time that an
Assignor desires that the Collateral Agent take any action to acknowledge or give effect to any release of Collateral pursuant to the foregoing Section 10.8(a) or (b), such Assignor shall deliver to the Collateral Agent a certificate signed by
an Authorized Officer of such Assignor stating that the release of the respective Collateral is permitted pursuant to such Section 10.8(a) or (b). At any time that Holdings or the respective Assignor desires that a Subsidiary of Holdings which
has been released from the Subsidiaries Guaranty be released hereunder as provided in the penultimate sentence of Section 10.8(b) hereof, it shall deliver to the Collateral Agent a certificate signed by an Authorized Officer of Holdings or the
respective Assignor stating that the release of the respective Assignor (and its Collateral) is permitted pursuant to such Section 10.8(b). 

  
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 (d) The Collateral Agent shall have no liability whatsoever to any other Secured Creditor as the
result of any release of Collateral by it in accordance with, or which the Collateral Agent in good faith believes to be in accordance with, this Section 10.8. 

10.9. Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on separate
counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A set of counterparts executed by all the parties hereto shall be lodged with the Borrower and
the Collateral Agent. 
 10.10. Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction. 
 10.11. The Collateral Agent and the other Secured Creditors. The
Collateral Agent will hold in accordance with this Agreement (and to the extent applicable, the Intercreditor Agreement) all items of the Collateral at any time received under this Agreement. It is expressly understood and agreed that the
obligations of the Collateral Agent as holder of the Collateral and interests therein and with respect to the disposition thereof, and otherwise under this Agreement, are only those expressly set forth in this Agreement, the Credit Agreement and the
Intercreditor Agreement. The Collateral Agent shall act hereunder on the terms and conditions set forth herein, in the Credit Agreement and in the Intercreditor Agreement. 

10.12. Additional Assignors. It is understood and agreed that any Subsidiary of Holdings that desires to become an Assignor hereunder,
or is required to execute a counterpart of this Agreement after the date hereof pursuant to the requirements of the Credit Agreement or any other Credit Document, shall become an Assignor hereunder by (x) executing a counterpart hereof and
delivering same to the Collateral Agent or by executing a joinder agreement and delivering the same to the Collateral Agent, in each case as may be requested by (and in form and substance satisfactory to) the Collateral Agent, (provided such joinder
shall not require the consent of any Assignor) (y) delivering supplements to Annexes A through J, inclusive, hereto as are necessary to cause such Annexes to be complete and accurate with respect to such additional Assignor on such date and
(z) taking all actions as specified in this Agreement as would have been taken by such Assignor had it been an original party to this Agreement, in each case with all documents required above to be delivered to the Collateral Agent and with all
documents and actions required above to be taken to the reasonable satisfaction of the Collateral Agent and upon such execution and delivery, such Subsidiary shall constitute an Assignor hereunder. 

10.13. Release of Assignors. (a) If at any time all of the Equity Interests of any Assignor (or, to the extent any other Security
Document requires releases thereunder to occur in accordance with the provisions of this Agreement, the pledgor, transferor, mortgagor or other corresponding party under such other Security Document) owned by Holdings and its Subsidiaries (other
than the Equity Interests of the Borrower) are sold (to a Person other than Holdings or any of its Subsidiaries) in a transaction permitted pursuant to the Credit Agreement (and which does not violate the terms of any other Secured Debt Agreement
then in effect), then, 

  
 -41- 

 at the request and expense of Holdings, the respective Assignor shall be released as an Assignor pursuant to this
Agreement (and the Collateral Agent (or, to the extent any other Security Document requires releases thereunder to occur in accordance with the provisions of this Agreement, the pledgee, assignee, mortgagee or other corresponding party under such
other Security Document) is authorized and directed to execute and deliver such instruments of release as are reasonably satisfactory to it). 

(b) In the event that any Assignor is designated as an Unrestricted Subsidiary in accordance with Section 9.18 of the Credit Agreement,
such Assignor (and the Collateral at such time assigned by the respective Assignor pursuant hereto) shall be released from this Agreement, and the Collateral Agent, at the request and expense of such Assignor being released, will duly release from
the security interest created hereby (and will execute and deliver such documentation, including termination or partial release statements, including UCC-3s, and the like in connection therewith) and assign, transfer and deliver to such Assignor
(without recourse and without any representation or warranty) the Collateral of such Assignor being released. 
 (c) At any time that
Holdings desires that an Assignor be released from this Agreement as provided in clause (a) or (b) of this Section 10.13, Holdings shall deliver to the Collateral Agent a certificate signed by an Authorized Officer of Holdings stating
that the release of the respective Assignor is permitted pursuant to this Section 10.13. 
 [Remainder of this page intentionally
left blank; signature page follows] 

  
 -42- 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered by
their duly authorized officers as of the date first above written. 
  

			
	 ASSIGNORS:
 BI-LO HOLDING,
LLC

		
	By:	 	 
		 	Name:
		 	Title:

  

			
	BI-LO, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	BG CARDS, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	BI-LO FINANCE CORP.
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	ARP BALLENTINE LLC
		
	By:	 	 
		 	Name:
		 	Title:

 Signature Page to Bi-Lo Security Agreement 

 
			
	ARP CHICKAMAUGA LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	ARP HARTSVILLE LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	ARP JAMES ISLAND LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	ARP MOONVILLE LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	ARP MORGANTON LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	ARP WINSTON SALEM LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 Signature Page to
Bi-Lo Security Agreement 

 
			
	OPAL HOLDINGS, LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	DEEP SOUTH PRODUCTS, INC.
		
	By:	 	 
		 	Name:
		 	Title:
	
	DIXIE SPIRITS, INC.
		
	By:	 	 
		 	Name:
		 	Title:
	
	DIXIE SPRITS FLORIDA, LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	WINN-DIXIE LOGISTICS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 Signature Page to
Bi-Lo Security Agreement 

 
			
	WINN-DIXIE MONTGOMERY, LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	WINN-DIXIE MONTGOMERY LEASING, LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	WINN-DIXIE PROCUREMENT, INC.
		
	By:	 	 
		 	Name:
		 	Title:
	
	WINN-DIXIE PROPERTIES, LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	WINN-DIXIE RALEIGH, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 Signature Page to
Bi-Lo Security Agreement 

 
			
	WINN-DIXIE RALEIGH LEASING, LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	WINN-DIXIE STORES, INC.
		
	By:	 	 
		 	Name:
		 	Title:
	
	WINN-DIXIE STORES LEASING, LLC
		
	By:	 	 
		 	Name:
		 	Title:
	
	WINN-DIXIE SUPERMARKETS, INC.
		
	By:	 	 
		 	Name:
		 	Title:
	
	WINN-DIXIE WAREHOUSE LEASING, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 Signature Page to
Bi-Lo Security Agreement 

			
	Accepted and Agreed to:
	
	 DEUTSCHE BANK TRUST COMPANY AMERICAS, as

Collateral Agent

		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:

  
 Signature Page to
Bi-Lo Security Agreement 

 ANNEX A 

to  
 SECURITY AGREEMENT

 SCHEDULE OF CHIEF EXECUTIVE OFFICES 

 ANNEX B 

to  
 SECURITY AGREEMENT

 SCHEDULE OF INVENTORY AND EQUIPMENT LOCATIONS 

 ANNEX C 

to 
 SECURITY AGREEMENT 

SCHEDULE OF LEGAL NAMES, TYPE OF ORGANIZATION 

(AND WHETHER A REGISTERED ORGANIZATION AND/OR 

A TRANSMITTING UTILITY), JURISDICTION OF ORGANIZATION 

LOCATION AND ORGANIZATIONAL IDENTIFICATION NUMBERS 

AND FEDERAL EMPLOYER IDENTIFICATION NUMBERS 

 ANNEX D 

to  
 SECURITY AGREEMENT

 SCHEDULE OF TRADE AND FICTITIOUS NAMES 

 ANNEX E 

to 
 SECURITY AGREEMENT 

DESCRIPTION OF CERTAIN SIGNIFICANT TRANSACTIONS OCCURRING WITHIN  

THREE YEAR PRIOR TO THE DATE OF THE SECURITY AGREEMENT 

 ANNEX F 

to 
 SECURITY AGREEMENT 

SCHEDULE OF DEPOSIT ACCOUNTS 

 ANNEX G 

to  
 SECURITY AGREEMENT

 DESCRIPTION OF COMMERCIAL TORT CLAIMS 

 ANNEX H 

to 
 SECURITY AGREEMENT 

Schedule of Marks and Applications; Internet Domain Name Registrations 

 ANNEX I 

to 
 SECURITY AGREEMENT 

SCHEDULE OF PATENTS 

 ANNEX J 

to 
 SECURITY AGREEMENT 

SCHEDULE OF COPYRIGHTS 

 ANNEX K 

FORM OF GRANT OF SECURITY INTEREST 

IN UNITED STATES TRADEMARKS 

FOR GOOD AND VALUABLE CONSIDERATION, receipt and sufficiency of which are hereby acknowledged, [Name of Grantor], a
                    (the “Grantor”) with principal offices at
                    , hereby grants to Deutsche Bank Trust Company Americas, as Collateral Agent, with principal offices at 60 Wall Street, New York,
NY 10006 (the “Grantee”), a continuing security interest in (i) all of the Grantor’s right, title and interest in, to and under the United States trademarks, trademark registrations and trademark applications (the
“Marks”) set forth on Schedule A attached hereto, (ii) all Proceeds (as such term is defined in the Security Agreement referred to below) and products of the Marks, (iii) the goodwill of the businesses with which the Marks
are associated and (iv) all causes of action arising prior to or after the date hereof for infringement of any of the Marks or unfair competition regarding the same. 

NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LIENS AND SECURITY INTERESTS GRANTED TO THE GRANTEE PURSUANT TO THIS GRANT AND THE
EXERCISE OF ANY RIGHT OR REMEDY BY THE GRANTEE HEREUNDER, ARE SUBJECT TO THE PROVISIONS OF THE INTERCREDITOR AGREEMENT DATED AS OF FEBRUARY 3, 2011 (AS AMENDED, RESTATED, SUPPLEMENTED OR OTHERWISE MODIFIED FROM TIME TO TIME, THE
“INTERCREDITOR AGREEMENT”), AMONG THE GRANTEE, WELLS FARGO BANK, NATIONAL ASSOCIATION AND THE GRANTORS (AS DEFINED THEREIN) FROM TIME TO TIME PARTY THERETO. IN THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF THE INTERCREDITOR
AGREEMENT AND THE TERMS OF THIS AGREEMENT, THE TERMS OF THE INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL. 
 THIS GRANT is made to
secure the satisfactory performance and payment of all the Obligations of the Grantor, as such term is defined in the Security Agreement among the Grantor, the other assignors from time to time party thereto and the Grantee, dated as of
March 9, 2012 (as amended, modified, restated and/or supplemented from time to time, the “Security Agreement”). Upon the occurrence of the Termination Date (as defined in the Security Agreement), the Grantee shall execute,
acknowledge, and deliver to the Grantor an instrument in writing releasing the security interest in the Marks acquired under this Grant. 

 This Grant has been granted in conjunction with the security interest granted to the Grantee
under the Security Agreement. The rights and remedies of the Grantee with respect to the security interest granted herein are as set forth in the Security Agreement, all terms and provisions of which are incorporated herein by reference. In the
event that any provisions of this Grant are deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall govern. 

[Remainder of this page intentionally left blank; signature page follows] 

  
 Page 2 

 IN WITNESS WHEREOF, the undersigned have executed this Grant as of the
            day of                     ,
            . 
  
  

			
	[NAME OF GRANTOR], Grantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Collateral Agent and Grantee

		
	By:	 	  

		 	Name:
		 	Title:
		 	
		
	By:	 	  

		 	Name:
		 	Title:

  
 Page 3 

 SCHEDULE A 
  

					
	 MARK
	  	 REG. NO.
	  	 REG. DATE

 ANNEX L 

to 
 SECURITY AGREEMENT 

FORM OF GRANT OF SECURITY INTEREST 

IN UNITED STATES PATENTS 

FOR GOOD AND VALUABLE CONSIDERATION, receipt and sufficiency of which are hereby acknowledged, [Name of Grantor], a
            (the “Grantor”) with principal offices at
                    , hereby grants to Deutsche Bank Trust Company Americas, as Collateral Agent, with principal offices at 60 Wall Street, New York,
NY 10006 (the “Grantee”), a continuing security interest in (i) all of the Grantor’s rights, title and interest in, to and under the United States patents (the “Patents”) set forth on Schedule A attached
hereto, in each case together with (ii) all Proceeds (as such term is defined in the Security Agreement referred to below) and products of the Patents, and (iii) all causes of action arising prior to or after the date hereof for
infringement of any of the Patents or unfair competition regarding the same. 
 NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LIENS
AND SECURITY INTERESTS GRANTED TO THE GRANTEE PURSUANT TO THIS GRANT AND THE EXERCISE OF ANY RIGHT OR REMEDY BY THE GRANTEE HEREUNDER, ARE SUBJECT TO THE PROVISIONS OF THE INTERCREDITOR AGREEMENT DATED AS OF FEBRUARY 3, 2011 (AS AMENDED, RESTATED,
SUPPLEMENTED OR OTHERWISE MODIFIED FROM TIME TO TIME, THE “INTERCREDITOR AGREEMENT”), AMONG THE GRANTEE, WELLS FARGO BANK, NATIONAL ASSOCIATION AND THE GRANTORS (AS DEFINED THEREIN) FROM TIME TO TIME PARTY THERETO. IN THE EVENT OF
ANY CONFLICT BETWEEN THE TERMS OF THE INTERCREDITOR AGREEMENT AND THE TERMS OF THIS AGREEMENT, THE TERMS OF THE INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL. 

THIS GRANT is made to secure the satisfactory performance and payment of all the Obligations of the Grantor, as such term is defined in the
Security Agreement among the Grantor, the other assignors from time to time party thereto and the Grantee, dated as of March 9, 2012 (as amended, modified, restated and/or supplemented from time to time, the “Security
Agreement”). Upon the occurrence of the Termination Date (as defined in the Security Agreement), the Grantee shall execute, acknowledge, and deliver to the Grantor an instrument in writing releasing the security interest in the Patents
acquired under this Grant. 

 This Grant has been granted in conjunction with the security interest granted to the Grantee
under the Security Agreement. The rights and remedies of the Grantee with respect to the security interest granted herein are as set forth in the Security Agreement, all terms and provisions of which are incorporated herein by reference. In the
event that any provisions of this Grant are deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall govern. 

[Remainder of this page intentionally left blank; signature page follows] 

  
 Page 2 

 IN WITNESS WHEREOF, the undersigned have executed this Grant as of the
            day of                     ,
            . 
  

			
	[NAME OF GRANTOR], Grantor
		
	By:	 	  

		 	Name:
		 	Title:
	
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Collateral Agent and Grantee

		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 Page 3 

 SCHEDULE A 
  

					
	 PATENT
	  	 PATENT NO.
	  	 ISSUE DATE

 ANNEX M 

FORM OF GRANT OF SECURITY INTEREST 

IN UNITED STATES COPYRIGHTS 

WHEREAS, [Name of Grantor], a             (the “Grantor”), having
its chief executive office at                    ,             , is the owner of all
right, title and interest in and to the United States copyrights and associated United States copyright registrations and applications for registration set forth in Schedule A attached hereto; 

WHEREAS, Deutsche Bank Trust Company Americas, as Collateral Agent, having its principal offices at 60 Wall Street, New York, NY 10006 (the
“Grantee”), desires to acquire a security interest in said copyrights and copyright registrations and applications therefor; and 

WHEREAS, the Grantor is willing to grant to the Grantee a security interest in and lien upon the copyrights and copyright registrations and
applications therefor described above. 
 NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged,
and subject to the terms and conditions of the Security Agreement, dated as of March 9, 2012, made by the Grantor, the other assignors from time to time party thereto and the Grantee (as amended, modified, restated and/or supplemented from time
to time, the “Security Agreement”), the Grantor hereby assigns to the Grantee as Collateral Agent, and grants to the Grantee a security interest in, the copyrights and copyright registrations and applications therefor set forth in
Schedule A attached hereto. Upon the occurrence of the Termination Date (as defined in the Security Agreement), the Grantee shall execute, acknowledge, and deliver to the Grantor an instrument in writing releasing the security interest in the
Copyrights acquired under this Grant. 
 NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THE LIENS AND SECURITY INTERESTS GRANTED TO THE
GRANTEE PURSUANT TO THIS GRANT AND THE EXERCISE OF ANY RIGHT OR REMEDY BY THE GRANTEE HEREUNDER, ARE SUBJECT TO THE PROVISIONS OF THE INTERCREDITOR AGREEMENT DATED AS OF FEBRUARY 3, 2011 (AS AMENDED, RESTATED, SUPPLEMENTED OR OTHERWISE MODIFIED FROM
TIME TO TIME, THE “INTERCREDITOR AGREEMENT”), AMONG THE GRANTEE, WELLS FARGO BANK, NATIONAL ASSOCIATION AND THE GRANTORS (AS DEFINED THEREIN) FROM TIME TO TIME PARTY THERETO. IN THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF THE
INTERCREDITOR AGREEMENT AND THE TERMS OF THIS AGREEMENT, THE TERMS OF THE INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL. 

 This Grant has been granted in conjunction with the security interest granted to the Grantee
under the Security Agreement. The rights and remedies of the Grantee with respect to the security interest granted herein are as set forth in the Security Agreement, all terms and provisions of which are incorporated herein by reference. In the
event that any provisions of this Grant are deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall govern. 

[Remainder of this page intentionally left blank; signature page follows] 

  
 Page 2 

 IN WITNESS WHEREOF, the undersigned have executed this Grant as of the
             day of             ,             . 

 

			
	[NAME OF GRANTOR], Grantor
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	as Collateral Agent and Grantee
		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:

  
 Page 3 

 TABLE OF CONTENTS 
  

					
	 	  	Page	 
	 ARTICLE I SECURITY INTERESTS
	  	 	2	  
		
	 1.1. Grant of Security Interests
	  	 	2	  
	 1.2. Power of Attorney
	  	 	6	  
		
	 ARTICLE II GENERAL REPRESENTATIONS, WARRANTIES AND COVENANTS
	  	 	6	  
		
	 2.1. Necessary Filings
	  	 	6	  
	 2.2. No Liens
	  	 	6	  
	 2.3. Other Financing Statements
	  	 	7	  
	 2.4. Chief Executive Office, Record Locations
	  	 	7	  
	 2.5. Location of Inventory and Equipment
	  	 	7	  
	 2.6. Legal Names; Type of Organization (and Whether a Registered Organization and/or a Transmitting Utility); Jurisdiction of
Organization; Location; Organizational Identification Numbers; Federal Employer Identification Number; Changes Thereto; etc.
	  	 	7	  
	 2.7. Trade Names; etc.
	  	 	8	  
	 2.8. Certain Significant Transactions
	  	 	8	  
	 2.9. Non-UCC Property
	  	 	8	  
	 2.10. As-Extracted Collateral; Timber-to-be-Cut
	  	 	9	  
	 2.11. Collateral in the Possession of a Bailee
	  	 	9	  
	 2.12. Recourse
	  	 	9	  
		
	 ARTICLE III SPECIAL PROVISIONS CONCERNING ACCOUNTS; CONTRACT RIGHTS; INSTRUMENTS; CHATTEL PAPER AND CERTAIN OTHER COLLATERAL
	  	 	9	  
		
	 3.1. Additional Representations and Warranties
	  	 	9	  
	 3.2. Maintenance of Records
	  	 	9	  
	 3.3. Direction to Account Debtors; Contracting Parties; etc.
	  	 	10	  
	 3.4. Modification of Terms; etc.
	  	 	10	  
	 3.5. Collection
	  	 	11	  
	 3.6. Instruments
	  	 	11	  
	 3.7. Assignors Remain Liable Under Accounts
	  	 	11	  
	 3.8. Assignors Remain Liable Under Contracts
	  	 	11	  
	 3.9. Deposit Accounts; etc.
	  	 	12	  
	 3.10. Letter-of-Credit Rights
	  	 	13	  
	 3.11. Commercial Tort Claims
	  	 	13	  
	 3.12. Chattel Paper
	  	 	13	  
	 3.13. Further Actions
	  	 	13	  
	 3.14. Overriding Provisions with respect to Senior Secured Notes Priority Collateral
	  	 	14	  
		
	 ARTICLE IV SPECIAL PROVISIONS CONCERNING TRADEMARKS AND DOMAIN NAMES
	  	 	14	  
		
	 4.1. Additional Representations and Warranties
	  	 	14	  

  
 (i) 

					
	 4.2. Licenses and Assignments
	  	 	14	  
	 4.3. Infringements
	  	 	15	  
	 4.4. Preservation of Marks and Domain Names
	  	 	15	  
	 4.5. Maintenance of Registration
	  	 	15	  
	 4.6. Future Registered Marks and Domain Names
	  	 	15	  
	 4.7. Remedies
	  	 	15	  
		
	 ARTICLE V SPECIAL PROVISIONS CONCERNING PATENTS, COPYRIGHTS AND TRADE SECRETS
	  	 	16	  
		
	 5.1. Additional Representations and Warranties
	  	 	16	  
	 5.2. Licenses and Assignments
	  	 	16	  
	 5.3. Infringements
	  	 	16	  
	 5.4. Maintenance of Patents or Copyrights
	  	 	17	  
	 5.5. Prosecution of Patent or Copyright Applications
	  	 	17	  
	 5.6. Other Patents and Copyrights
	  	 	17	  
	 5.7. Remedies
	  	 	17	  
		
	 ARTICLE VI PROVISIONS CONCERNING ALL COLLATERAL
	  	 	18	  
		
	 6.1. Protection of Collateral Agent’s Security
	  	 	18	  
	 6.2. Warehouse Receipts Non-Negotiable
	  	 	18	  
	 6.3. Additional Information
	  	 	18	  
	 6.4. Further Actions
	  	 	18	  
	 6.5. Financing Statements
	  	 	18	  
		
	 ARTICLE VII REMEDIES UPON OCCURRENCE OF AN EVENT OF DEFAULT
	  	 	19	  
		
	 7.1. Remedies; Obtaining the Collateral Upon Default
	  	 	19	  
	 7.2. Remedies; Disposition of the Collateral
	  	 	20	  
	 7.3. Waiver of Claims
	  	 	21	  
	 7.4. Application of Proceeds
	  	 	22	  
	 7.5. Remedies Cumulative
	  	 	25	  
	 7.6. Discontinuance of Proceedings
	  	 	26	  
		
	 ARTICLE VIII INDEMNITY
	  	 	26	  
		
	 8.1. Indemnity
	  	 	26	  
	 8.2. Indemnity Obligations Secured by Collateral; Survival
	  	 	27	  
		
	 ARTICLE IX DEFINITIONS
	  	 	28	  
		
	 ARTICLE X MISCELLANEOUS
	  	 	36	  
		
	 10.1. Notices
	  	 	36	  
	 10.2. Waiver; Amendment
	  	 	37	  
	 10.3. Obligations Absolute
	  	 	37	  
	 10.4. Successors and Assigns
	  	 	38	  
	 10.5. Headings Descriptive
	  	 	38	  

  
 (ii) 

					
	 10.6. GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL
	  	 	38	  
	 10.7. Assignors’ Duties
	  	 	39	  
	 10.8. Termination; Release
	  	 	39	  
	 10.9. Counterparts
	  	 	41	  
	 10.10. Severability
	  	 	41	  
	 10.11. The Collateral Agent and the other Secured Creditors
	  	 	41	  
	 10.12. Additional Assignors
	  	 	41	  
	 10.13. Release of Assignors
	  	 	41	  

  

			
	ANNEX A	  	Schedule of Chief Executive Offices Address(es) of Chief Executive Office
	ANNEX B	  	Schedule of Inventory and Equipment Locations
	ANNEX C	  	Schedule of Legal Names, Type of Organization (and Whether a Registered Organization and/or a Transmitting Utility), Jurisdiction of Organization, Location and Organizational Identification Numbers
	ANNEX D	  	Schedule of Trade and Fictitious Names
	ANNEX E	  	Description of Certain Significant Transactions Occurring Within One Year Prior to the Date of the Security Agreement
	ANNEX F	  	Schedule of Deposit Accounts
	ANNEX G	  	Schedule of Commercial Tort Claims
	ANNEX H	  	Schedule of Marks and Applications; Internet Domain Name Registrations
	ANNEX I	  	Schedule of Patents
	ANNEX J	  	Schedule of Copyrights
	ANNEX K	  	Grant of Security Interest in United States Trademarks
	ANNEX L	  	Grant of Security Interest in United States Patents
	ANNEX M	  	Grant of Security Interest in United States Copyrights

  
 (iii) 

 EXHIBIT J 

FORM OF SOLVENCY CERTIFICATE 

[DATE] 
 To the Administrative Agent and each of
the Lenders party to the Credit Agreement referred to below: 
 I, the undersigned, the [Chief Financial Officer] [Treasurer] of BI-LO
Holding, LLC, (“Holdings”), a Delaware limited liability company, in that capacity only and not in my individual capacity, do hereby certify as of the date hereof that: 

1. This Certificate is furnished to the Administrative Agent and the Lenders pursuant to Section 6.14(a) of the ABL Credit Agreement,
dated as of March 9, 2012, among Holdings, BI-LO, LLC, the lenders party thereto from time to time (each a “Lender”, and, collectively, the “Lenders”), Citibank, N.A., as Syndication Agent, Wells Fargo Bank,
National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Deutsche Bank Trust Company Americas, as Collateral Agent and as Administrative Agent (the “Administrative Agent”), and Citibank, N.A., Deutsche Bank
Trust Company Americas and Wells Fargo Bank, National Association, as Collateral Monitors (the “Credit Agreement”). Unless otherwise defined herein, capitalized terms used in this Certificate shall have the meanings set forth in the
Credit Agreement. 
 2. For purposes of this Certificate, the terms below shall have the following definitions: 

 

	 	(a)	“Fair Value” 

 The amount at which the assets (both tangible and intangible),
in their entirety, of Holdings and its Restricted Subsidiaries (taken as a whole) would change hands between a willing buyer and a willing seller, within a commercially reasonable period of time, each having reasonable knowledge of the relevant
facts, with neither being under any compulsion to act. 
  

	 	(b)	“Present Fair Salable Value” 

 The amount that could be obtained by an
independent willing seller from an independent willing buyer if the assets of Holdings and its Restricted Subsidiaries (taken as a whole) are sold with reasonable promptness in an arm’s-length transaction under present conditions for the sale
of comparable business enterprises. 

	 	(c)	“New Financing” 

 All Indebtedness incurred or to be incurred by Holdings and
its Restricted Subsidiaries in connection with the Transaction (including Indebtedness under the Credit Documents in the form of Loans and Letters of Credit being incurred on the Effective Date), in each case after giving effect to the Transaction.

  

	 	(d)	“Stated Liabilities” 

 The recorded liabilities (including contingent
liabilities that would be recorded in accordance with GAAP) of Holdings and its Restricted Subsidiaries (taken as a whole) as of the date hereof after giving effect to the consummation of the Transaction (which, for purposes of this Certificate,
shall include the retirement and repayment on the Effective Date of Indebtedness in respect of the Refinancing with the proceeds of the New Financing), determined in accordance with GAAP consistently applied. 

 

	 	(e)	“Identified Contingent Liabilities” 

 The estimated amount of liabilities
reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent liabilities (other than such contingent liabilities included within the term “Stated
Liabilities”) of Holdings and its Restricted Subsidiaries (taken as a whole) after giving effect to the Transaction (including all fees and expenses related thereto but exclusive of such contingent liabilities to the extent reflected in
Stated Liabilities), as identified and explained in terms of their nature and estimated magnitude by responsible officers of Holdings and its Restricted Subsidiaries or that have been identified as such by an officer of Holdings or any of its
Restricted Subsidiaries, determined in accordance with GAAP. 
  

	 	(f)	“will be able to pay its or their respective Stated Liabilities and Identified Contingent Liabilities as they mature or otherwise become payable.” 

For the period from the date hereof through the stated maturity of all New Financing, Holdings and its Restricted Subsidiaries (taken as a
whole) will have sufficient assets and cash flow to pay their respective Stated Liabilities and Identified Contingent Liabilities as those liabilities mature or otherwise become payable. 

 

	 	(g)	“does or do not have Unreasonably Small Capital” 

 For the period from the
date hereof through the stated maturity of all New Financing, Holdings and its Restricted Subsidiaries (taken as a whole) after consummation of the Transaction and all Indebtedness (including the Loans) being incurred, issued and Liens created by
Holdings and its Restricted Subsidiaries in connection therewith, are a going concern and have sufficient capital to ensure that they will continue to be a going concern (as such term is determined in accordance with GAAP) for such period and to
remain a going concern. 

  
 Page 2 

 3. For purposes of this Certificate, I, or officers of Holdings and/or its Restricted
Subsidiaries under my direction and supervision, have performed the following procedures as of and for the periods set forth below. 
  

	 	(a)	Reviewed the financial statements (including the pro forma financial statements) referred to in Section 8.05 of the Credit Agreement. 

 

	 	(b)	Made inquiries of certain officials of Holdings and its Restricted Subsidiaries who have responsibility for financial and accounting matters regarding (i) the existence and amount of Identified Contingent
Liabilities associated with the business of Holdings and its Restricted Subsidiaries and (ii) whether the financial statements referred to in paragraph (a) above are in conformity with GAAP applied on a basis consistent with that of
Holdings’ most recent audited financial statements. 

  

	 	(c)	Reviewed to my satisfaction the Credit Documents and the respective Schedules and Exhibits thereto. 

  

	 	(d)	With respect to Identified Contingent Liabilities: 

  

	 	1.	inquired of certain officials of Holdings and/or its Restricted Subsidiaries who have responsibility for legal, financial and accounting matters as to the existence and estimated liability with respect to all Identified
Contingent Liabilities associated with the business of Holdings and its Restricted Subsidiaries; 

  

	 	2.	confirmed with officers of Holdings and/or its Restricted Subsidiaries that, to the best of such officers’ knowledge, (i) all appropriate items were included in Stated Liabilities or Identified Contingent
Liabilities and that (ii) the amounts relating thereto were the estimated amount of liabilities reasonably likely to result therefrom as of the date hereof; and 

 

	 	3.	to the best of my knowledge, in making the certification set forth in paragraph 4 below, considered all material Identified Contingent Liabilities that may arise from any pending litigation, asserted claims and
assessments, guarantees, uninsured risks and other Identified Contingent Liabilities of Holdings and its Restricted Subsidiaries (exclusive of such Identified Contingent Liabilities to the extent reflected in Stated Liabilities) (after giving effect
to the Transaction) and with respect to each such Identified Contingent Liability the amount of the reasonably probable liability with respect thereto was used in making such certification. 

  
 Page 3 

	 	(e)	Made inquiries of certain officers of Holdings and/or its Restricted Subsidiaries who have responsibility for financial reporting and accounting matters regarding whether they were aware of any events or conditions
that, as of the date hereof, would cause Holdings and its Restricted Subsidiaries (taken as a whole), after giving effect to the consummation of the Transaction and the related financing transactions (including the incurrence of the New Financing),
to (i) have assets with a Fair Value or Present Fair Salable Value that are less than the sum of its or their Stated Liabilities and Identified Contingent Liabilities; (ii) have Unreasonably Small Capital; or (iii) not be able to pay
its or their respective Stated Liabilities and Identified Contingent Liabilities as they mature or otherwise become payable. 

  

	 	(f)	Had the Projections relating to Holdings and its Restricted Subsidiaries which have been previously delivered to the Administrative Agent and the Lenders, prepared under my direction based on good faith estimates and
assumptions, and have re-examined the Projections on the date hereof and considered the effect thereon of any changes since the date of the preparation thereof on the results projected therein. After such review, I hereby certify that in my opinion
the Projections are (and remain) reasonable and attainable (it being recognized by the Lenders that such projections of future events are not to be viewed as facts and that actual results during the period or periods covered by any such Projections
may differ from the projected results contained therein) and the Projections support the conclusions contained in paragraph 4 below. 

4. Based on and subject to the foregoing, I hereby certify on behalf of Holdings that, on and as of the date hereof and after giving effect to
the Transaction and to all Indebtedness (including the Loans) being incurred, issued or assumed and Liens created by the Credit Parties in connection therewith, it is my opinion that (i) the Fair Value and Present Fair Salable Value of the
assets of Holdings and its Restricted Subsidiaries (taken as a whole) exceed their respective Stated Liabilities and Identified Contingent Liabilities; (ii) Holdings and its Restricted Subsidiaries (taken as a whole) do not have Unreasonably
Small Capital; and (iii) Holdings and its Restricted Subsidiaries (taken as a whole) intend to and believe that they will be able to pay their respective Stated Liabilities and Identified Contingent Liabilities as they mature or otherwise
become payable. 
 5. Holdings and its Restricted Subsidiaries do not intend, in consummating the transactions contemplated by the New
Financing, to delay, hinder, or defraud either present or future creditors. 

  
 Page 4 

 IN WITNESS WHEREOF, the undersigned has set his hand as of the date first written above. 

 

			
	BI-LO HOLDING, LLC
		
	By:	 	 
		 	 Name:
 Title:

  
 Page 5 

 EXHIBIT K 

FORM OF COMPLIANCE CERTIFICATE 

[DATE] 
 This Compliance
Certificate is delivered to you pursuant to Section 9.01(f) of the ABL Credit Agreement, dated as of March 9, 2012 (as amended, restated, supplemented or modified from time to time, the “Credit Agreement”), among BI-LO
Holding, LLC (“Holdings”), BI-LO, LLC (the “Borrower”), the lenders party thereto from time to time, Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Citibank,
N.A., as Syndication Agent, Deutsche Bank Trust Company Americas, as Collateral Agent and as Administrative Agent, and Citibank, N.A., Deutsche Bank Trust Company Americas and Wells Fargo Bank, National Association, as Collateral Monitors. Terms
defined in the Credit Agreement and not otherwise defined herein are used herein as therein defined. 
 1. I am the duly elected, qualified
and acting [Title of Authorized Officer] of Holdings. 
 2. I have reviewed and am familiar with the contents of this Compliance
Certificate. I am providing this Compliance Certificate solely in my capacity as an officer of Holdings. The matters set forth herein are true to the best of my knowledge after due inquiry. 

3. I have reviewed the terms of the Credit Agreement and the other Credit Documents and have made or caused to be made under my supervision a
review in reasonable detail of the transactions and condition of Holdings and its Subsidiaries during the accounting period covered by the financial statements attached hereto as ANNEX 1 (the “Financial Statements”). Such review did
not disclose the existence at the end of the accounting period covered by the Financial Statements, and I have no knowledge of the existence, as of the date of this Compliance Certificate, of any condition or event which constitutes a Default or an
Event of Default [other than as set forth in ANNEX 2 attached hereto]1. 
 4. [I have
reviewed the terms of the Security Documents. [I hereby certify that there have been no changes to Annexes C through J, in each case, of the Security Agreement and Annexes A through F of the Pledge Agreement, in each case, since the [Effective Date]
[date of the most recent compliance certificate delivered pursuant to Section 9.01(f) of the Credit Agreement] (but, in each case, only to the extent that such changes are required to be reported to the Collateral Agent pursuant to the terms of
such Security Documents).] [I hereby certify that the changes to Annexes C through J, in each case, of the Security Agreement and Annexes A through F of the Pledge Agreement, in each case, since the [Effective Date] [date of the most recent
compliance certificate delivered pursuant to Section 9.01(f) of the Credit Agreement] are listed in reasonable detail at ANNEX 2 together with confirmation that Holdings and the other Credit Parties have otherwise taken all actions required to
be taken by them 
  

	1 	To be included if any Default or Event of Default has occurred and is continuing. 

 pursuant to such Security Documents in connection with any such changes (but, in each case, only to the extent
that such changes are required to be reported to the Collateral Agent pursuant to the terms of such Security Documents).]2 

5. Attached hereto as ANNEX 3 are reasonably detailed computations of the Fixed Charge
Coverage Ratio for the Test Period ended [            ]. 
 6. Attached hereto
as ANNEX 4 is a list of all Unrestricted Subsidiaries of Holdings as of the date hereof (if any), together with consolidating financial statements reflecting adjustments to the Financial Statements necessary to eliminate the accounts of such
Unrestricted Subsidiaries from such Financial Statements. 
 * * * 

 

	2 	To be included for any compliance certificate delivered with respect to the end of any Fiscal Quarter or Fiscal Year. 

  
 Page 2 

 IN WITNESS WHEREOF, I have executed this Compliance Certificate as of the date first written
above. 
  

			
	BI-LO HOLDING, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 Page 3 

 ANNEX 1 

[Applicable Financial Statements To Be Attached] 

 ANNEX 2 

[Details of the changes to Annexes C through J, in each case of the Security Agreement and Annexes A through F of the Pledge Agreement] 

[Specify in reasonable detail the nature and extent of any Default or Event of Default] 

 ANNEX 3 

The information described herein is as of             ,
            1 (the “Computation Date”) and, except as otherwise indicated below, pertains to the period from [first day
of applicable Test Period] to the Computation Date (the “Relevant Period”). 
  

					
	 Financial Covenants
	  	Amount	 
		
	 A.     Financial Covenant
	  			
		
	 (i) Fixed Charge Coverage Ratio (Section 10.07)
	  			
		
	 a.
	  			
		
	 (i) Consolidated EBITDA for the Test Period (as defined in the Credit Agreement) ended on the Computation
Date2 minus
	  	 	$            	  
		
	 (ii) the aggregate amount of all Capital Expenditures made by Holdings and its Restricted Subsidiaries during such period (other than Capital Expenditures
to the extent financed with the proceeds of any sale or issuance of Equity Interests, the proceeds of any asset sale (other than the sale of inventory in the ordinary course of business), the proceeds of any Recovery Event or the proceeds of any
incurrence of Indebtedness (other than the incurrence of any Loans), but including Capital Expenditures to the extent financed with proceeds of Loans) minus
	  	 	$            	  
		
	 (iii) the aggregate amount of all cash payments made by Holdings and its Restricted Subsidiaries in respect of income taxes or income tax liabilities (net
of cash income tax refunds) during such period (including Dividends paid pursuant to Section 10.03(e) of the Credit Agreement, but excluding such cash payments related to asset sales not in the ordinary course of business) minus
	  	$	            	  

  

	1 	Insert the last day of the respective Fiscal Month, Fiscal Quarter or Fiscal Year covered by the financial statements which are required to be accompanied by this Compliance Certificate. 

	2 	Attach hereto in reasonable detail the calculations required to arrive at Consolidated EBITDA for purposes of the Fixed Charge Coverage Ratio. 

					
		
	 (iv) without duplication of any amounts included in clause (iii) above, the aggregate amount of all cash Dividends paid by Holdings or any of its
Restricted Subsidiaries to any Person other than Holdings or any of its Restricted Subsidiaries as permitted under Section 10.03 of the Credit Agreement for such period
	  	 	$            	  
		
	 b.      Fixed Charges for the Test Period ended on the Computation Date
	  	 	$            	  
		
	 c.      Ratio of line a to line b
	  	 	            :1.00	  
		
	 d.      Minimum required pursuant to Section 10.07 (during a Compliance Period only)
	  	 	1.00 :1.00	  

  
 Page 2 

 ANNEX 4 

[List of Unrestricted Subsidiaries as of the Date of the Respective Compliance Certificate and Applicable Consolidating Financial Statements To
Be Attached] 

 EXHIBIT L 

FORM OF ASSIGNMENT 
 AND

 ASSUMPTION AGREEMENT1 

This Assignment and Assumption Agreement (this “Assignment”), is dated as of the Effective Date set forth below and is
entered into by and between [the][each] Assignor identified in item [1][2] below ([the] [each, an] “Assignor”) and [the] [each] Assignee identified in item 2 below ([the] [each, an] “Assignee”). [It is understood
and agreed that the rights and obligations of such [Assignees][and Assignors] hereunder are several and not joint.] Capitalized terms used herein but not defined herein shall have the meanings given to them in the ABL Credit Agreement identified
below (as amended, restated, supplemented and/or otherwise modified from time to time, the “Credit Agreement”). The Standard Terms and Conditions for Assignment and Assumption Agreement set forth in Annex 1 hereto (the
“Standard Terms and Conditions”) are hereby agreed to and incorporated herein by reference and made a part of this Assignment as if set forth herein in full. 

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the] [each] Assignee, and [the] [each] Assignee
hereby irrevocably purchases and assumes from [the][each] Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below,
the interest in and to all of [the][each] Assignor’s rights and obligations under the Credit Agreement and any other documents or instruments delivered pursuant thereto that represents the amount and percentage interest identified below of all
of the [respective] Assignor’s outstanding rights and obligations identified below (including Letters of Credit, Revolving Loans and Swingline Loans) ([the] [each, an] “Assigned Interest”). [Each] [Such] sale and assignment is
without recourse to [the][any] Assignor and, except as expressly provided in this Assignment, without representation or warranty by [the][any] Assignor. 
  

									
	[1.	  	Assignor:	 	 	  		  	
					
	2.	  	Assignee:	 	 	  	]2	  	
			
	[1][3].	  	Credit Agreement:	 	ABL Credit Agreement, dated as of March 9, 2012, among BI-LO Holding, LLC (“Holdings”), BI-LO, LLC (the “Borrower”), the lenders party thereto from time to time, Wells Fargo Bank,
National Association, SunTrust Bank and TD Bank, N.A., as Co- Documentation Agents, Citibank, N.A., as Syndication Agent, Deutsche Bank Trust Company Americas, as Collateral Agent and as Administrative Agent, and Citibank, N.A., Deutsche Bank Trust
Company Americas and Wells Fargo Bank, National Association, as Collateral Monitors.

  

	1 	This Form of Assignment and Assumption Agreement should be used by Lenders for an assignment to a single Assignee or to funds managed by the same or related investment managers. 

	2 	If the form is used for a single Assignor and Assignee, items 1 and 2 should list the Assignor and the Assignee, respectively. In the case of an assignment to funds managed by the same or related investment managers, or
an assignment by multiple Assignors, the Assignors and the Assignee(s) should be listed in the table under bracketed item 2 below. 

	[2.	Assigned Interest:3 

  

															
	 Assignor
	  	 Assignee
	  	Aggregate Amount of Total
Revolving Loan Commitment	 	  	Amount of Revolving Loan
Commitment Assigned	 	  	Percentage Assigned of
Revolving Loan
Commitments	 
	 [Name of Assignor]
	  	[Name of Assignee]	  	$	                    	  	  	$	                    	  	  	 	                    	% 
	 [Name of Assignor]
	  	[Name of Assignee]	  	$	                    	  	  	$	                    	  	  	 	                    	% 

  

	3 	Insert this chart if this Form of Assignment and Assumption Agreement is being used for assignments to funds managed by the same or related investment managers or for an assignment by multiple Assignors. Insert
additional rows as needed. 

  
 Page 2 

	[4.	Assigned Interest:4 

  

									
	 Aggregate Amount of Total

Revolving Loan Commitment
	  	Amount of Revolving Loan
Commitment Assigned	 	  	Percentage Assigned of
Revolving Loan Commitments	 
	 $            
	  	 	$            	  	  	 	            %	  

  

	
	Effective Date                     ,         ,
        .

  

							
	 Assignor[s] Information
	 	  	  	 Assignee[s] Information
	  	  
	 Payment Instructions:
	 	 	  	Payment Instructions:	  	 
		 	 	  		  	 
		 	 	  		  	 
		 	 	  		  	 
				
		 	 Reference:                
	  		  	Reference:                
				
	 Notice Instructions:
	 	 	  	Notice Instructions:	  	 
		 	 	  		  	 
		 	 	  		  	 
		 	 	  		  	 
				
		 	 Reference:                
	  		  	Reference:                

 [Signature page follows.] 

 

	4 	Insert this chart if this Form of Assignment and Assumption Agreement is being used by a single Assignor for an assignment to a single Assignee. 

  
 Page 3 

 The terms set forth in this Assignment are hereby agreed to: 

 

									
	ASSIGNOR	 		 	ASSIGNEE
	[NAME OF ASSIGNOR]	 		 	[NAME OF ASSIGNEE]5
					
	By:	 	 	 		 	By:	  	 
		 	Name:	 		 		  	Name:
		 	Title:	 		 		  	Title:

  

	5 	Add additional signature blocks, as needed, if this Form of Assignment and Assumption Agreement is being used by funds managed by the same or related investment managers. 

  
 Page 4 

			
	Consented to and Accepted:
	
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,

    as Administrative Agent

		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:
	
	[BI-LO, LLC
		
	By:	 	 
		 	Name:
		 	Title:]6
	
	[NAME OF EACH ISSUING LENDER],
	    as Issuing Lender
		
	By:	 	 
		 	Name:
		 	Title:

  

	6 	Insert only if no Event of Default is then in existence and the assignment is being made to an Eligible Transferee pursuant to 13.04(b)(y) of the Credit Agreement. Consent of the Borrower shall not be unreasonably
withheld, delayed or conditioned, provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 10 Business Days after having received notice
hereof. 

  
 Page 5 

 ANNEX 1 

BI-LO, LLC 
 CREDIT AGREEMENT 

STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT 

AND ASSUMPTION AGREEMENT 
 1.
Representations and Warranties. 
 1.1. Assignor. [The] [Each] Assignor (a) represents and warrants that (i) it is
the legal and beneficial owner of [the] [its] Assigned Interest, (ii) [the] [its] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with any
Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, any other Credit Document or any other instrument or document delivered pursuant thereto (other than this
Assignment) or any collateral thereunder, (iii) the financial condition of Holdings or any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by Holdings
or any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Credit Document. 
 1.2.
Assignee. [The] [Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and to consummate the transactions contemplated hereby
and to become a Lender under the Credit Agreement, (ii) confirms that it is (A) a Lender, (B) the parent company and/or an Affiliate of [the][each] Assignor which is at least 50% owned by [the][each] Assignor or its parent company,
(C) an Affiliate of any other Lender which is at least 50% owned by such other Lender or its parent company (provided that any fund that invests in loans and is managed or advised by the same investment advisor of another fund which is a Lender
(or by an Affiliate of such investment advisor) shall be treated as an Affiliate of such other Lender for the purposes of this paragraph 1.2), provided, that no such assignment may be made to any such Person that is, or would at such time
constitute, a Defaulting Lender, (D) in the case of any Lender that is a fund that invests in loans, any other fund that invests in loans and is managed or advised by the same investment advisor of any Lender or by an Affiliate of such
investment advisor or (E) an Eligible Transferee under Section 13.04(b) of the Credit Agreement; (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the
extent of [the][its] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 9.01
thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and to purchase [the][its] Assigned Interest on the basis of which it has made
such analysis and decision and (v) if it is organized under the laws of a jurisdiction outside the United States, it has attached to this Assignment any tax 

 
documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by it; (b) agrees that it will, independently and without reliance
upon the Administrative Agent, [the][each] Assignor, or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit
Agreement; (c) appoints and authorizes the Administrative Agent, the Collateral Agent and the Collateral Monitors to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Credit Documents
as are delegated to or otherwise conferred upon the Administrative Agent, the Collateral Agent or the Collateral Monitors, as the case may be, by the terms thereof, together with such powers as are reasonably incidental thereto; and (d) agrees
that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Documents are required to be performed by it as a Lender. 

2. Payment. From and after the Effective Date, the Administrative Agent shall make all payments in respect [the] [each] Assigned
Interest (including payments of principal, interest, fees, commissions and other amounts) to [the][each] Assignor for amounts which have accrued to but excluding the Effective Date and to [the] [each] Assignee for amounts which have accrued from and
after the Effective Date. 
 3. Effect of Assignment. Upon the delivery of a fully executed original hereof to the Administrative
Agent, as of the Effective Date, (i) [the][each] Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender thereunder and under the other Credit Documents and
(ii) [the][each] Assignor shall, to the extent provided in this Assignment, relinquish its rights and be released from its obligations under the Credit Agreement and the other Credit Documents. 

4. General Provisions. This Assignment shall be binding upon, and inure to the benefit of, the parties hereto and their respective
successors and assigns. This Assignment may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment by telecopy shall be effective as
delivery of a manually executed counterpart of the Assignment. THIS ASSIGNMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK (INCLUDING, WITHOUT LIMITATION, SECTION 5.1401 OF THE GENERAL
OBLIGATIONS LAW). 
 *         *         * 

  
 Page 2 

 EXHIBIT M 

FORM OF INTERCOMPANY NOTE 
 [This Note,
and the obligations of [NAME OF PAYOR] (the “Payor”) hereunder, shall be subordinate and junior in right of payment to all Senior Indebtedness (as defined in Section 1.07 of Annex A hereto) on the terms and conditions set forth
in Annex A hereto, which Annex A is herein incorporated by reference and made a part hereof as if set forth herein in its entirety. Annex A shall not be amended, modified or supplemented without the written consent of the Required Lenders (as
defined in the Credit Agreement referred to below)1  
 [Location] 

[                    ],
20             
 FOR VALUE RECEIVED,
[            ], a [            ], organized under the laws of
[            ] (“Payor”), promises to pay on demand to the order of [            ] (the “Payee”), the
unpaid principal amount of all loans and advances from time to time outstanding made by the Payee to the Payor. Payor further promises to pay interest on the unpaid principal amount of all such loans and advances from the date of such loans and
advances until paid at such rate per annum and at such times as shall be agreed upon from time to time by such Payor and such Payee. 
 This note (this
“Note”) evidences loans and advances that may be borrowed, repaid and reborrowed from time to time and Payor shall be obligated hereunder to pay to Payee on demand the net amount outstanding on the date of any such demand. 

All payments in respect of this Note shall be made in lawful money of the United States of America in immediately available funds at the office of Payee, or
at such other place as shall be designated for such purpose by Payee. Payor and Payee agree to record in their respective accounting records all outstanding loans and advances hereunder and all payments made hereunder; provided,
however, that the failure by Payor or Payee to so record any such loan or advance or any payment made on this Note shall not limit or otherwise affect the obligations of Payor hereunder with respect to amounts owed under this Note. This Note
may be prepaid in whole or in part at any time without penalty or premium. 
 Payor, for itself and its successors and assigns, waives presentment, demand,
protest and notice thereof or of dishonor and waives the right to be released by reason of any extension of time or other indulgences or change in the terms of payment or any change, alteration or release of any security given for the payment
hereof. This Note may be amended, modified or supplemented only by an instrument in writing executed by Payor and Payee. 
  

	1 	EACH PROMISSORY NOTE EVIDENCING AN INTERCOMPANY LOAN INCURRED BY ANY CREDIT PARTY SHALL HAVE INCLUDED ON ITS FACE THIS BRACKETED LEGEND AND SHALL HAVE “ANNEX A TO NOTE” ATTACHED THERETO AND MADE A PART
THEREOF. 

 This Note shall be binding upon Payor and its respective successors and assigns and shall inure to the benefit of
Payee and its respective successors and assigns (it being understood that Payee may assign this Note without the consent of Payor). 
 No director, officer,
employee, stockholder or shareholder of Payor or any affiliate of any of the foregoing shall have any personal liability in respect of the obligations of Payor under this Note by reason of his or her status, and this provision is part of the
consideration for the issuance of the Note. 
 This Note is subject to the terms of (i) that certain ABL Credit Agreement, dated as of March 9,
2012 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), BI-LO Holding, LLC (“Holdings”), BI-LO LLC (the “Borrower”), the lenders party thereto from time to
time, Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Citibank, N.A., as Syndication Agent, Deutsche Bank Trust Company Americas, as collateral agent (the “ABL Collateral Agent”)
and as administrative agent, and Citibank, N.A., Deutsche Bank Trust Company Americas and Wells Fargo Bank, National Association, as Collateral Monitors, and (ii) that certain Indenture, dated as of February 3, 2011 (the
“Indenture”), among the Borrower, BI-LO Finance Corp. (“Finance Corp.”), Holdings, the other Subsidiaries of Holdings, party thereto, Wells Fargo Bank, National Association, as trustee and as collateral agent (the
“Senior Secured Notes Collateral Agent” and, together with the ABL Collateral Agent, the “Collateral Agents”), relating to the Borrower’s and Finance Corp.’s 9.25% Senior Secured Notes due 2019 (the
“2019 Notes”). This Note shall be pledged by Payee pursuant to (i) that certain Pledge Agreement, dated as of February 3, 2011, executed by the Borrower, Holdings and certain other parties in favor of the Senior Secured
Notes Collateral Agent and (ii) that certain Pledge Agreement, dated as of March 9, 2012, executed by the Borrower, Holdings and certain other parties in favor of the ABL Collateral Agent, in each case to the extent required pursuant to
the terms thereof. Payee hereby acknowledges and agrees that, subject to the terms of the Intercreditor Agreement (as defined in the Credit Agreement) each Collateral Agent may exercise its respective rights provided in the Credit Agreement, the
Indenture and the applicable Pledge Agreement with respect to this Note. 
 THIS NOTE SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 
 IN WITNESS WHEREOF, Payor has caused
this Note to be duly executed and delivered by its duly authorized officer as of the date first written above. 
  

			
		 	[                            ]
		
	By:	 	 
	Title:	 	  

  
 Page 2 

 ANNEX A 

TO 
 INTERCOMPANY NOTE 

Section 1.01. Subordination of Liabilities. [NAME OF PAYOR] (the “Payor”), for itself, its
successors and assigns, covenants and agrees, and each holder of the promissory note to which this Annex A is attached (the “Note”) by its acceptance thereof likewise covenants and agrees, that the payment of the principal of, and
interest on, and all other amounts owing in respect of, the Note is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, to the prior payment in full in cash of all Senior Indebtedness (as defined in
Section 1.07 of this Annex A). The provisions of this Annex A shall constitute a continuing offer to all persons or other entities who, in reliance upon such provisions, become holders of, or continue to hold, Senior Indebtedness, and such
provisions are made for the benefit of the holders of Senior Indebtedness, and such holders are hereby made obligees hereunder the same as if their names were written herein as such, and they and/or each of them may proceed to enforce such
provisions. 
 Section 1.02. The Payor Not to Make Payments with Respect to Note in Certain Circumstances. (a) Upon the
maturity of any Senior Indebtedness (including, without limitation, interest thereon or fees or any other amounts owing in respect thereof), whether at stated maturity, by acceleration or otherwise, all Obligations (as defined in Section 1.07
of this Annex A) due and owing in respect thereof shall first be paid in full in cash before any payment of any kind or character (whether in cash, property, securities or otherwise) is made on account of the principal of (including installments
thereof), or interest on, or any other amount otherwise owing in respect of, the Note. The Payor may not, directly or indirectly (and no Person or other entity on behalf of the Payor may), make any payment of any principal of, and interest on, or
any other amount owing in respect of, the Note and may not acquire all or any part of the Note for cash, property or securities until all Senior Indebtedness has been paid in full in cash if any Default or Event of Default (each as defined below) is
then in existence or would result therefrom. Each holder of the Note hereby agrees that, so long as any Default or Event of Default in respect of any Senior Indebtedness exists, it will not ask, demand, sue for, or otherwise take, accept or receive,
any amounts owing in respect of the Note. As used herein, the terms “Default” and “Event of Default” shall mean any Default or Event of Default respectively, under and as defined in, the relevant documentation
governing any Senior Indebtedness and in any event shall include any payment default with respect to any Senior Indebtedness. 
 (b) In the
event that, notwithstanding the provisions of the preceding subsection (a) of this Section 1.02, any payment shall be made on account of the principal of, or interest on, or other amounts otherwise owing in respect of the Note, at a time
when payment is not permitted by the terms of the Note or by said subsection (a), such payment shall be held by the holder of the Note, in trust for the benefit of, and shall be paid forthwith over and delivered to, the holders of Senior
Indebtedness or their representative or representatives under the agreements pursuant to which the Senior Indebtedness may have been issued, as their respective interests may appear, for application pro rata to the payment of all Senior Indebtedness
remaining unpaid to the extent necessary to pay all Senior Indebtedness in full in cash in accordance with the terms of such Senior Indebtedness, after giving effect to any concurrent payment or distribution to or for the holders of Senior
Indebtedness. Without in any way modifying the provisions of this Annex A or affecting the subordination effected hereby if such notice is not given, the Payor shall give the holder of the Note prompt written notice of any maturity of Senior
Indebtedness after which such Senior Indebtedness remains unsatisfied. 

 Section 1.03. Note Subordinated to Prior Payment of All Senior Indebtedness on
Dissolution, Liquidation or Reorganization of the Payor. (a) Upon any distribution of assets of the Payor upon any total or partial dissolution, winding up, liquidation or reorganization of the Payor (whether in bankruptcy, insolvency or
receivership proceedings or upon an assignment for the benefit of creditors, marshalling of assets or otherwise and whether voluntary or involuntary): 

(i) the holders of all Senior Indebtedness shall first be entitled to receive payment in full in cash of all Senior
Indebtedness (including, without limitation, post-petition interest at the rate provided in the documentation with respect to the Senior Indebtedness, whether or not such post-petition interest is an allowed claim against the debtor in any
bankruptcy or similar proceeding) before the holder of the Note is entitled to receive any payment of any kind or character on account of the principal of or interest on or any other amount owing in respect of the Note; 

(ii) any payment or distribution of assets of the Payor of any kind or character, whether in cash, property or securities,
to which the holder of the Note would be entitled except for the provisions of this Annex A, shall be paid by the liquidating trustee or agent or other person or entity making such payment or distribution, whether a trustee in bankruptcy, a receiver
or liquidating trustee or other trustee or agent, directly to the holders of Senior Indebtedness or their representative or representatives under the agreements pursuant to which the Senior Indebtedness may have been issued, to the extent necessary
to make payment in full in cash of all Senior Indebtedness remaining unpaid, after giving effect to any concurrent payment or distribution to the holders of such Senior Indebtedness; and 

(iii) in the event that, notwithstanding the foregoing provisions of this Section 1.03, any payment or distribution
of assets of the Payor of any kind or character, whether in cash, property or securities, shall be received by the holder of the Note on account of principal of, or interest or other amounts due on, the Note before all Senior Indebtedness is paid in
full in cash, such payment or distribution shall be received and held in trust for and shall forthwith be paid over to the holders of the Senior Indebtedness remaining unpaid or their representative or representatives under the agreements pursuant
to which the Senior Indebtedness may have been issued, for application to the payment of such Senior Indebtedness until all such Senior Indebtedness shall have been paid in full in cash, after giving effect to any concurrent payment or distribution
to the holders of such Senior Indebtedness. 
 (b) To the extent any payment of Senior Indebtedness (whether by or on behalf of any Payor, as
proceeds of security or enforcement of any right of setoff or otherwise) is declared to be fraudulent or preferential, set aside or required to be paid to any receiver, trustee in bankruptcy, liquidating trustee, agent or other similar person under
any bankruptcy, insolvency, receivership, fraudulent conveyance or similar law, then, if such payment is recovered by, or paid over to, such receiver, trustee in bankruptcy, liquidating trustee, agent or other similar person, the Senior Indebtedness
or part thereof originally intended to be satisfied shall be deemed to be reinstated and outstanding as if such payment has not occurred. 

  
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 (c) If the holder of the Note does not file a proper claim or proof of debt in the form required
in any proceeding or other action referred to in the introduction paragraph of this Section 1.03 prior to 30 days before the expiration of the time to file such claim or claims, then any of the holders of the Senior Indebtedness or their
representative is hereby authorized to file an appropriate claim for and on behalf of the holder of the Note. 
 (d) Without in any way
modifying the provisions of this Annex A or affecting the subordination effected hereby if such notice is not given, the Payor shall give prompt written notice to the holder of the Note of any dissolution, winding up, liquidation or reorganization
of the Payor (whether in bankruptcy, insolvency or receivership proceedings or upon assignment for the benefit of creditors or otherwise). 

Section 1.04. Subrogation. Subject to the prior payment in full in cash of all Senior Indebtedness, the holder of the Note shall be
subrogated to the rights of the holders of Senior Indebtedness to receive payments or distributions of assets of the Payor applicable to the Senior Indebtedness until all amounts owing on the Note shall be paid in full, and for the purpose of such
subrogation no payments or distributions to the holders of the Senior Indebtedness by or on behalf of the Payor or by or on behalf of the holder of the Note by virtue of this Annex A which otherwise would have been made to the holder of the Note
shall, as between the Payor, its creditors other than the holders of Senior Indebtedness, and the holder of the Note, be deemed to be payment by the Payor to or on account of the Senior Indebtedness, it being understood that the provisions of this
Annex A are and are intended solely for the purpose of defining the relative rights of the holder of the Note, on the one hand, and the holders of the Senior Indebtedness, on the other hand. 

Section 1.05. Obligation of the Payor Unconditional. Nothing contained in this Annex A or in the Note is intended to or shall
impair, as between the Payor and the holder of the Note, the obligation of the Payor, which is absolute and unconditional, to pay to the holder of the Note the principal of and interest on the Note as and when the same shall become due and payable
in accordance with their terms, or is intended to or shall affect the relative rights of the holder of the Note and creditors of the Payor, other than the holders of the Senior Indebtedness, nor shall anything herein or therein, except as expressly
provided herein, prevent the holder of the Note from exercising all remedies otherwise permitted by applicable law, subject to the rights, if any, under this Annex A of the holders of Senior Indebtedness in respect of cash, property, or securities
of the Payor received upon the exercise of any such remedy. Upon any distribution of assets of the Payor referred to in this Annex A, the holder of the Note shall be entitled to rely upon any order or decree made by any court of competent
jurisdiction in which such dissolution, winding up, liquidation or reorganization proceedings are pending, or a certificate of the liquidating trustee or agent or other Person making any distribution to the holder of the Note, for the purpose of
ascertaining the Persons entitled to participate in such distribution, the holders of the Senior Indebtedness and other indebtedness of the Payor, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other
facts pertinent thereto or to this Annex A. 

  
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 Section 1.06. Subordination Rights Not Impaired by Acts or Omissions of the Payor or
Holders of Senior Indebtedness. No right of any present or future holders of any Senior Indebtedness to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of
the Payor or by any act or failure to act by any such holder, or by any noncompliance by the Payor with the terms and provisions of the Note, regardless of any knowledge thereof which any such holder may have or be otherwise charged with. The
holders of the Senior Indebtedness may, without in any way affecting the obligations of the holder of the Note with respect thereto, at any time or from time to time and in their absolute discretion, change the manner, place or terms of payment of,
change or extend the time of payment of, or renew, or alter or increase the amount of, any Senior Indebtedness, or amend, modify or supplement any agreement or instrument governing or evidencing such Senior Indebtedness or any other document
referred to therein, or exercise or refrain from exercising any other of their rights under the Senior Indebtedness including, without limitation, the waiver of default thereunder and the release of any collateral securing such Senior Indebtedness,
all without notice to or assent from the holder of the Note. 
 Section 1.07. Senior Indebtedness. The term “Senior
Indebtedness” shall mean all Obligations of the Payor under, or in respect of, (i) the Credit Agreement and each other Credit Document (as defined in the Credit Agreement) to which the Payor is a party, and any renewal, extension,
restatement, refinancing or refunding of any thereof, (ii) each Secured Hedging Agreement (as defined in the Credit Documents), (iii) all Treasury Services Obligations (as defined in the Credit Documents), (iv) the Indenture,
(v) the 2019 Notes, (vi) any other Senior Secured Note Obligations (as defined in the Intercreditor Agreement referred to in the Credit Agreement), (vii) the Refinancing Senior Secured Notes, and (viii) any Additional
Obligations. As used herein, the term “Obligation” shall mean all principal, interest, premium, reimbursement obligations, penalties, fees, expenses, indemnities and other liabilities and obligations (including, without limitation,
any guaranties of the foregoing liabilities and obligations) payable under the documentation governing any indebtedness (including, without limitation, any interest accruing after the commencement of any bankruptcy, insolvency, receivership or
similar proceeding at the rate provided in the documentation with respect thereto, whether or not such interest is an allowed claim against the debtor in any such proceeding). 

Section 1.08. Miscellaneous. If, at any time, all or part of any payment with respect to Senior Indebtedness theretofore made by
the Payor or any other Person or entity is rescinded or must otherwise be returned by the holders of Senior Indebtedness for any reason whatsoever (including, without limitation, the insolvency, bankruptcy or reorganization of the Payor or such
other Person or entity), the subordination provisions set forth herein shall continue to be effective or be reinstated, as the case may be, all as though such payment had not been made. 

  
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 EXHIBIT N 

FORM OF LANDLORD WAIVER AND CONSENT AGREEMENT 

[DATE] 
 This LANDLORD WAIVER AND
CONSENT AGREEMENT (this “Agreement”) is entered into by [NAME OF LANDLORD] (“Landlord”), to and for the benefit of DEUTSCHE BANK TRUST COMPANY AMERICAS (“DBTCA”), as Collateral Agent for the Secured
Creditors (as defined below) (in such capacity and together with any successor thereto, the “Collateral Agent”). Unless otherwise defined herein, all capitalized used herein and defined in the ABL Credit Agreement referred to below
shall be used herein as therein defined. 
 RECITALS: 

WHEREAS, Landlord is the record title holder and owner of certain real property located at [ADDRESS OF PROPERTY] (the “Real
Property”);  
 WHEREAS, [NAME OF TENANT], a [STATE OF INCORPORATION/ FORMATION] (“Tenant”), has
possession of and occupies all or a portion of the Real Property (the “Premises”);  
 WHEREAS, Tenant’s
interest in the Premises arises under the lease agreement (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Lease”) more particularly described on Exhibit B annexed hereto, to which
Landlord and Tenant are a party;  
 WHEREAS, reference is made to that certain ABL Credit Agreement, dated as of
March 9, 2012 (as it may be amended, amended and restated, supplemented, refinanced or otherwise modified from time to time, the “ABL Credit Agreement”), among BI-LO Holding, LLC, BI-LO, LLC (the “Borrower”),
the lenders party thereto from time to time (the “Lenders”), Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Citibank, N.A., as Syndication Agent, DBTCA, as Collateral Agent and
as administrative agent (together with any successor administrative agent, the “Administrative Agent” and, together with the Collateral Agent, each Issuing Lender under the ABL Credit Agreement, the Syndication Agent and the
Lenders, the “Lender Creditors”), and Citibank, N.A., Deutsche Bank Trust Company Americas and Wells Fargo Bank, National Association, as Collateral Monitors, pursuant to which Tenant (or affiliate of the Borrower) has executed a
security agreement and other collateral documents in relation to the ABL Credit Agreement;  
 WHEREAS, Holdings, the
Borrower, Tenant and/or one or more of their Subsidiaries have entered into, or may from time to time after the date hereof enter into, one or more Secured Hedging Agreements with the Administrative Agent, one or more Lenders and/or any affiliate of
the foregoing (each of the Administrative Agent, any such Lender and/or affiliate, even if the Administrative Agent and/or the respective Lender subsequently ceases to be an Administrative Agent or a Lender under the ABL Credit Agreement for any
reason, together with the Administrative Agent’s, such Lender’s or such affiliate’s successors and assigns, if any, collectively, the “Secured Hedging Creditors” and, together with the Lender Creditors, the
“Secured Creditors”); 

 WHEREAS, Tenant’s repayment of (or guaranty of) the extensions of credit made by the
Secured Creditors under the ABL Credit Agreement and/or any other Secured Debt Agreement (as defined in the Security Documents) will be secured, in part, by all of the following now or hereafter located on the Premises, (i) all inventory of
Tenant, (ii) all equipment used in Tenant’s business, (iii) all leasehold improvements of Tenant, and (iv) all furniture and all other personal property (the “Collateral”); and  

WHEREAS, the Collateral Agent has requested that Landlord execute this Agreement as a requirement under the Credit Agreement. 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Landlord hereby represents and warrants to, and covenants and agrees with, the Collateral Agent as follows: 

1. Landlord Lien. (a) Landlord hereby (i) waives and releases unto the Collateral Agent and its successors and assigns any and
all security interests created by statute, contract (including the Lease) or by common law and any and all rights granted by or under any present or future laws to levy or distraint for rent or any other charges which may be due to Landlord against
the Collateral, and any and all other claims, liens and demands of every kind which it now has or may hereafter have against the Collateral (including, without limitation, any right to include the Collateral in any secured financing that Landlord
may become a party to), and (ii) agrees that any rights it may have in or to the Collateral, no matter how arising (to the extent not effectively waived pursuant to clause (a)(i) of this paragraph 1), shall be subordinate to the rights of the
Collateral Agent in respect thereof. Landlord acknowledges that the Collateral is and will remain personal property and not fixtures or part of the underlying real estate even though it may be affixed to or placed on the Premises. 

(b) Landlord further agrees not to assert any claim to the Collateral while Tenant is indebted under (or in respect of) the Credit Agreement or
any other Secured Debt Agreement (as defined in that certain Security Agreement, dated as of March 9, 2012, executed by the Borrower, Holdings and certain other parties in favor of the Collateral Agent). Landlord acknowledges that the
Collateral Agent shall have a first priority security interest in the Collateral and that the Collateral Agent shall have the right to file and record Uniform Commercial Code financing statements against the Collateral. 

2. Nature of Collateral. The Collateral may be installed in or located on the Premises and is not and shall not be deemed to be a
fixture or part of the underlying real estate but shall at all times be considered personal property. 
 3. Status of Lease. Landlord
certifies that (a) Landlord is the landlord under the Lease, (b) the Lease is in full force and effect and has not been amended, modified, or supplemented except as set forth on Exhibit A annexed hereto, (c) to the knowledge of
Landlord, there is no defense, offset, claim or counterclaim by or in favor of Landlord against Tenant under the Lease or against the obligations of Landlord under the Lease, (d) no notice of default has been given under or in connection with
the Lease which has not been cured, and Landlord has no knowledge of the occurrence of any other default under or in connection with the Lease, and (e) except as disclosed to Collateral Agent, no portion of the Premises is encumbered in any way
by any deed of trust or mortgage lien or ground or superior lease. 

  
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 4. Collateral Agent’s Access. (a) Landlord agrees that while the Lease is in
effect (including during any extension or renewal periods) it will not prevent the Collateral Agent or its designees from entering upon the Premises at all reasonable times to inspect, appraise or remove the Collateral. 

(b) In the event that Landlord either deems itself entitled to redeem or take possession of the Premises during the term of the Lease or
intends to terminate the Lease prior to the expiration of the term thereof due to a default of Tenant thereunder, Landlord will deliver notice (the “Termination Notice”) to the Collateral Agent to that effect not less than twenty
(20) days before taking such action. Landlord agrees that within the 90-day period after the Collateral Agent receives the Termination Notice (the “Disposition Period”), the Collateral Agent shall have the right, but not the
obligation, to enter upon and into the Premises for the purpose of assembling, repossessing, appraising, displaying, removing, preparing for sale or lease, repairing, transferring, selling (at public or private sale) or otherwise dealing with the
Collateral. Landlord further agrees that during the Disposition Period, Landlord will not interfere with the Collateral Agent’s actions in removing the Collateral from the Premises or such other of the Collateral Agent’s actions in
otherwise enforcing its security interest in the Collateral. Notwithstanding anything to the contrary in this paragraph, Landlord acknowledges that the Collateral Agent shall at no time have any obligation to remove the Collateral from the Premises.
The Collateral Agent shall not be liable for any diminution in value of the Premises caused by the absence of the Collateral actually removed or by the need to replace the Collateral after such removal. For the actual period of occupancy by the
Collateral Agent during the Disposition Period, the Collateral Agent will pay to Landlord a fee equal to the basic rent required to be paid under the Lease by tenant as if the Lease were in full force and effect, pro rated on a per diem basis based
on a 30 day month, to the extent that such amount is not paid by Tenant. 
 (c) In entering upon or into the Premises under either clause
(a) or (b) set forth above of this paragraph 4, the Collateral Agent hereby agrees to indemnify, defend and hold Landlord harmless from and against any and all claims, judgments, liabilities, costs and expenses incurred by Landlord and
caused solely by the Collateral Agent entering upon or into the Premises and taking any of the foregoing actions with respect to the Collateral. Such costs shall include any damage to the Premises made by the Collateral Agent in severing and/or
removing the Collateral therefrom and taking any of the foregoing actions with respect to the Collateral. Additionally, the Collateral Agent shall repair, at its sole cost and expense, any physical damage to the Premises actually caused by the
Collateral Agent’s taking any of the foregoing actions with respect to the Collateral. 
 5. Default Notices. Landlord shall send
to the Collateral Agent a copy of any notice of default under the Lease sent by Landlord to Tenant (the “Default Notice”). Any Default Notice shall state the nature of the default and shall specify the amounts of rent or other
payments provided for that are claimed to be in default. 

  
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 6. Default and Cure Rights. Notwithstanding anything to the contrary contained in the
Lease, and without thereby assuming Tenant’s obligations under the Lease, in the event of a default by Tenant under the Lease, the Collateral Agent shall have the right, but not the obligation, to cure any such default(s) within the later of
(a) thirty (30) days following receipt of a Default Notice, and (b) the last day of the cure period available to Tenant under the terms of the Lease (except with respect to payment default(s), which cure must be made within the later
of (i) fifteen (15) days following receipt of a Default Notice, and (ii) the last day of the cure period available to Tenant under the terms of the Lease with respect to payment default(s)); provided, however, that if a non-monetary
default cannot reasonably be cured by the Collateral Agent within such thirty (30) day period, the Collateral Agent shall have such additional period of time as shall be reasonably necessary (at Landlord’s reasonable discretion) to cure
such non-monetary default so long as the Collateral Agent commences such curative measures within such thirty (30) day period and thereafter proceeds diligently to complete such curative measures. 

7. Estoppel Certificate. Within fifteen (15) days after written request therefor from the Collateral Agent, but no more frequently
than two (2) times per any twelve (12) month period, Landlord shall deliver to the Collateral Agent (and any other party identified by the Collateral Agent) an estoppel certificate signed by Landlord in form reasonably designated by the
Collateral Agent that certifies as to: (a) the rent payable under the Lease; (b) the term of the Lease and the rights of Tenant, if any, to extend the term of the Lease; (c) the nature of any defaults by Tenant alleged by Landlord;
and (d) any other matters reasonably requested by the Collateral Agent. 
 8. Delivery of Notices. All notices to the Collateral
Agent under this Agreement shall be in writing and sent to the Collateral Agent by telefacsimile, by United States certified mail, return receipt requested, or by overnight delivery service at the address set forth on the signature page to this
Agreement. 
 9. Expiration of Agreement. The provisions of this Agreement shall continue in effect until the earlier of (a) the
date on which the Lease would otherwise terminate absent a Tenant default, and (b) Landlord shall have received the Collateral Agent’s written certification that all amounts advanced under the ABL Credit Agreement and the other Secured
Debt Agreements and all obligations thereunder have been paid in full and all such agreements have been terminated. 
 10. Governing
Law. This Agreement and the rights and obligations of the parties hereunder shall be governed by, and shall be construed and enforced in accordance with, the law of the State in which the Premises are located, without regard to conflicts of laws
principles. 
 11. Successors and Assigns. The terms and provisions of this Agreement shall inure to the benefit of and be binding
upon the successor and assigns of Landlord (including any successor owner of the Real Property) and the Collateral Agent. Landlord will disclose the terms and conditions of this Agreement to any purchaser or successor to Landlord’s interest in
the Premises. 
 12. Amendments. This Agreement may not be changed or terminated orally and is binding upon, and inures to the benefit
of, the parties hereto and each of their respective successors and assigns. Landlord will disclose the terms and provisions of this Agreement to any purchaser or successor to Landlord’s interest in the Premises. 

  
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 13. Counterparts. This Agreement may be executed in several counterparts, each of which
shall be deemed an original, but together the counterparts shall constitute one and the same document. 
 14. Secured Debt Agreements.
The Secured Creditors may, without in any way affecting or limiting this Agreement, and without notice to Landlord, modify, supplement, restate (in whole or in part) or refinance any Secured Debt Agreement. 

[Remainder of page intentionally left blank] 

  
 Page 5 

 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed and
delivered as of the day and year first set forth above. 
  

			
	[NAME OF LANDLORD]
		
	By:	 	 
		 	Name:
		 	 Title:
  

[Address]

  

									
	 Address:
  

60 Wall Street
 New York, NY 10005-2858

Attention: Dusan Lazarov
 Telephone No.: (212) 250-0211
	 		 		 	 Collateral Agent:
  

DEUTSCHE BANK TRUST COMPANY AMERICAS

	 	 		 	By:	 	 
	 	 		 		 	Name:
	Facsimile No.: (212) 797-5695	 		 		 		 	Title:
		 		 		 		 	
		 		 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:

  
 Page 6 

 EXHIBIT A TO 

LANDLORD WAIVER AND CONSENT 
 Description of Lease
(including any amendments thereto and assignments thereof): 
 [Landlord to provide] 

 EXHIBIT O 

FORM OF JOINDER AGREEMENT 

THIS JOINDER IN SUBSIDIARIES GUARANTY, SECURITY AGREEMENT, PLEDGE AGREEMENT AND INTERCREDITOR AGREEMENT (this “Joinder”) is
executed as of             , 20            by [NAME OF NEW SUBSIDIARY], a
            [corporation] [limited liability company] [partnership] (the “Joining Party”), and delivered to Deutsche Bank Trust Company Americas, as Administrative Agent
and as Collateral Agent, for the benefit of the Secured Creditors (as defined below). Except as otherwise defined herein, terms used herein and defined in the Credit Agreement (as defined below) shall be used herein as therein defined. 

W I T N E S S E T H: 

WHEREAS, BI-LO Holding, LLC, a Delaware limited liability company, BI-LO, LLC, a Delaware limited liability company (the
“Borrower”), the various lenders from time to time party thereto (the “Lenders”), Citibank, N.A., as Syndication Agent, Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation
Agents, Deutsche Bank Trust Company Americas, as Administrative Agent and as Collateral Agent, and Citibank, N.A., Deutsche Bank Trust Company Americas and Wells Fargo Bank, National Association, as Collateral Monitors, have entered into an ABL
Credit Agreement, dated as of March 9, 2012 (as the same may be amended, modified or supplemented from time to time, the “Credit Agreement”), providing for the making of Loans to, and the issuance of Letters of Credit for the
account of, the Borrower as contemplated therein; 
 WHEREAS, the Joining Party is a Domestic Subsidiary of the Borrower and desires, or is
required pursuant to the provisions of the Credit Agreement, to become a Subsidiary Guarantor under the Subsidiaries Guaranty, an Assignor under the Security Agreement, a Pledgor under the Pledge Agreement and a Grantor under the Intercreditor
Agreement; and 
 WHEREAS, the Joining Party will obtain benefits from the incurrence of Loans by the Borrower, and the issuance of, and
participation in, Letters of Credit for the account of the Borrower, in each case pursuant to the Credit Agreement, and, accordingly, desires to execute this Joinder in order to (i) satisfy the requirements described in the preceding paragraph
and (ii) induce the Lenders to make Loans to the Borrower and issue, and/or participate in, Letters of Credit for the account of the Borrower; 

NOW, THEREFORE, in consideration of the foregoing and other benefits accruing to the Joining Party, the receipt and sufficiency of which are
hereby acknowledged, the Joining Party hereby makes the following representations and warranties to the Secured Creditors and hereby covenants and agrees with each Secured Creditor as follows: 

1. By this Joinder, the Joining Party becomes (i) a Subsidiary Guarantor for all purposes under the Subsidiaries Guaranty, pursuant to
Section 22 thereof, (ii) an Assignor for all purposes under the Security Agreement, pursuant to Section 10.12 thereof, (iii) a Pledgor for all purposes under the Pledge Agreement, pursuant to Section 30 thereof and
(iv) a Grantor for all purposes under the Intercreditor Agreement. 

 2. The Joining Party agrees that, upon its execution hereof, it will become a Guarantor under,
and as defined in, the Subsidiaries Guaranty with respect to all Guaranteed Obligations (as defined in the Subsidiaries Guaranty), and will be bound by all terms, conditions and duties applicable to a Guarantor under the Subsidiaries Guaranty and
the other Credit Documents. Without limitation of the foregoing, and in furtherance thereof, the Joining Party absolutely, unconditionally and irrevocably, and jointly and severally, guarantees the due and punctual payment and performance when due
of all Guaranteed Obligations (on the same basis as the other Guarantors under the Subsidiaries Guaranty). 
 3. The Joining Party agrees
that, upon its execution hereof, it will become a Pledgor under, and as defined in, the Pledge Agreement, and will be bound by all terms, conditions and duties applicable to a Pledgor under the Pledge Agreement. Without limitation of the foregoing
and in furtherance thereof, as security for the due and punctual payment when due of the Obligations (as defined in the Pledge Agreement), the Joining Party hereby pledges and assigns to the Collateral Agent for the benefit of the Secured Creditors
and grants to the Collateral Agent for the benefit of the Secured Creditors a security interest in all its right, title and interest in, to and under the Pledge Agreement Collateral, if any, now owned or hereafter acquired by it, in each case to the
extent provided in the Pledge Agreement. 
 4. The Joining Party agrees that, upon its execution hereof, it will become an Assignor under,
and as defined in, the Security Agreement, and will be bound by all terms, conditions and duties applicable to an Assignor under the Security Agreement. Without limitation of the foregoing and in furtherance thereof, as security for the due and
punctual payment when due of the Obligations (as defined in the Security Agreement), the Joining Party hereby pledges and assigns to the Collateral Agent for the benefit of the Secured Creditors and grants to the Collateral Agent for the benefit of
the Secured Creditors a security interest in all its right, title and interest in, to and under the Security Agreement Collateral, if any, now owned or hereafter acquired by it, in each case to the extent provided in the Security Agreement. 

5. The Joining Party agrees that, upon its execution hereof, it will become a Grantor under, and as defined in, the Intercreditor Agreement,
and will be bound by all terms, conditions and duties applicable to a Grantor under the Intercreditor Agreement. 
 6. In connection with the
grant by the Joining Party, pursuant to paragraph 3 above, of a security interest in all of its right, title and interest in the Pledge Agreement Collateral in favor of the Collateral Agent, the Joining Party agrees to perform (to the extent
required) for the benefit of the Secured Creditors, together with the delivery of this Joinder, each of the actions specified in Section 3.2 of the Pledge Agreement. 

7. The Joining Party hereby makes and undertakes, as the case may be, each covenant, representation and warranty made by, and as (i) each
Subsidiary Guarantor pursuant to Section 9 of the Subsidiaries Guaranty, (ii) each Assignor pursuant to Articles II, III, IV, V and VI of the Security Agreement and (iii) each Pledgor pursuant to Section 16 of the Pledge
Agreement, in each case as of the date hereof (except to the extent any such representation or 

  
 Page 2 

 
warranty relates solely to an earlier date in which case such representation and warranty shall be true and correct in all material respects as of such earlier date), and agrees to be bound by
all covenants, agreements and obligations of a Subsidiary Guarantor, an Assignor and a Pledgor pursuant to the Subsidiaries Guaranty, Security Agreement and Pledge Agreement, respectively, and all other Credit Documents to which it is or becomes a
party. 
 8. Annexes A, B, C, D, E, F and G to the Pledge Agreement are hereby amended by supplementing such Annexes with the information for
the Joining Party contained on Annexes A, B, C, D, E, F and G attached hereto as Annex I. In addition, Annexes A, B, C, D, F, G, H, I and J to the Security Agreement are hereby amended by supplementing such Annexes with the information for the
Joining Party contained on Annexes A, B, C, D, F, G, H, I and J attached hereto as Annex II. 
 9. This Joinder shall be binding upon the
parties hereto and their respective successors and assigns and shall inure to the benefit of and be enforceable by each of the parties hereto and its successors and assigns; provided, however, that the Joining Party may not assign any
of its rights, obligations or interest hereunder or under any other Credit Document without the prior written consent of the Lenders or as otherwise permitted by the Credit Documents. THIS JOINDER SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE
WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES). This Joinder may be executed in any number of counterparts, each of which shall be an original, but all of which shall constitute one
instrument. In the event that any provision of this Joinder shall prove to be invalid or unenforceable, such provision shall be deemed to be severable from the other provisions of this Joinder which shall remain binding on all parties hereto. 

10. From and after the execution and delivery hereof by the parties hereto, this Joinder shall constitute a “Credit Document” for all
purposes of the Credit Agreement and the other Credit Documents. 
 11. Each of the representations and warranties set forth in the Credit
Agreement and each other Credit Document and applicable to the undersigned is true and correct in all material respects, both before and after giving effect to this Joinder on the date hereof, except to the extent that any such representation and
warranty relates solely to any earlier date, in which case such representation and warranty is true and correct in all material respects as of such earlier date (it being understood that any representation or warranty that is qualified as to
“materiality,” “Material Adverse Effect” or similar language shall be true and correct in all respects on any such date). 

12. No event has occurred or is continuing as of the date hereof, or will result from the transactions contemplated hereby on the date hereof,
that would constitute an Event of Default or a Default. 
 13. The effective date of this Joinder is
[            ], 20    . 

*    *    * 

  
 Page 3 

 IN WITNESS WHEREOF, the Joining Party has caused this Joinder to be duly executed as of the date
first above written. 
  

			
	[NAME OF NEW CREDIT PARTY]
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	 Accepted and Acknowledged by:
  

DEUTSCHE BANK TRUST COMPANY AMERICAS, as Administrative Agent and as Collateral Agent

		
	By:	 	 
		 	Name:
		 	Title:

  

			
		
	By:	 	 
		 	Name:
		 	Title:

 [ANNEX I and II to be attached by the Joining Party] 

  
 Page 4 

 EXHIBIT P 

FORM OF BORROWING BASE CERTIFICATE 

[DATE] 
 The undersigned hereby
certifies that: 
 (1) I am the duly elected
                         of BI-LO, LLC, a Delaware limited liability company (the “Borrower”). 

(2) In accordance with subsection 9.01(j) of that certain ABL Credit Agreement, dated as of March 9, 2012 (said ABL Credit Agreement, as
it may be amended, restated, modified and/or supplemented, being the “Credit Agreement”, the capitalized terms defined therein and not otherwise defined herein being used herein as therein defined), by and among BI-LO Holding, LLC,
the Borrower, Citibank, N.A., as Syndication Agent, Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Deutsche Bank Trust Company Americas, as Collateral Agent and as Administrative Agent, Citibank,
N.A., Deutsche Bank Trust Company Americas and Wells Fargo Bank, National Association, as Collateral Monitors and the lenders party thereto from time to time, attached hereto as Annex 1 is a true and accurate calculation of the Borrowing Base
as of             , 20    , determined in accordance with the requirements of the Credit Agreement. 

IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed as of the date first written above. 

 

			
	BI-LO, LLC
		
	By:	 	 
		 	Name:
		 	Title:

 ANNEX A 

TO 
 EXHIBIT P 

ANNEX 1 TO 
 BORROWING
BASE CERTIFICATE 
  
  

[Attach in reasonable detail the respective components of clauses (a), (b), (c) and (d) of the 

definition of Borrowing Base and all applicable Reserves and the amount, if any, under clause 

(b) at the end of the first paragraph of the definition of Borrowing Base and the respective 

calculations of the foregoing and of the aggregate Borrowing Base under clauses (a), (b), (c) and 

(d) and all applicable Reserves and such other amount] 

 EXHIBIT Q 

FORM OF SHAREHOLDER SUBORDINATED NOTE 
  

			
	$                            	  	New York, New York
		  	                          ,       
   

 FOR VALUE RECEIVED, BI-LO Holding, LLC, a Delaware limited liability company (the “Company”),
hereby promises to pay to             or [its] [his] [her] assigns (the “Payee”), in lawful money of the United States of America in immediately
available funds, at             , the principal sum of             DOLLARS, which amount shall be payable on
            ,             .1 

[The Company also promises to pay interest on the unpaid principal amount hereof in like money at said office from the date hereof
until paid at a rate per annum equal to             , such interest to be paid [semi-annually] [annually] on
            [and             ] of each year and at maturity hereof.] 

This Note is subject to voluntary prepayment, in whole or in part, at the option of the Company, without premium or penalty. 

This Note is one of the Shareholder Subordinated Notes referred to in the Credit Agreement, dated as of March 9, 2012, among the Company,
BI-LO, LLC, a Delaware limited liability company, the lenders party thereto from time to time, Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Citibank, N.A. (“Citi”), as
Syndication Agent, Deutsche Bank Trust Company Americas (“DBTCA”), as Administrative Agent and as Collateral Agent, and DBTCA, Wells Fargo Bank, National Association and Citi, as Collateral Monitors, (as amended, restated, modified,
supplemented, extended, renewed, refinanced, replaced and/or refunded from time to time, the “Credit Agreement”) and shall be subject to the provisions thereof. Unless otherwise defined herein, all capitalized terms used herein or
in Annex A attached hereto and defined in the Credit Agreement shall have the meaning assigned to such term in the Credit Agreement. 

Notwithstanding anything to the contrary contained in this Note, the Payee understands and agrees that the Company shall not be required to
make, and shall not make, any payment of principal, interest or other amounts on this Note to the extent that such payment is prohibited by, or would give rise to a default or an event of default under, the terms of any Senior Indebtedness (as
defined in Annex A attached hereto), including, but not limited to, Sections 10.03 and 10.08 of the Credit Agreement. 
 This Note, and the
Company’s obligations hereunder, shall be subordinate and junior to all indebtedness constituting Senior Indebtedness (as defined in Section 1.07 of Annex A attached hereto) on the terms and conditions set forth in Annex A attached hereto,
which Annex A is herein incorporated by reference and made a part hereof as if set forth herein in its entirety. Annex A shall not be amended, modified or supplemented without the written consent of the Required Lenders (or, after the Credit
Agreement has been terminated, the other holders holding at least a majority of the outstanding amount of the other Senior Indebtedness (as defined therein in such Annex A)). 

 

	1 	Insert a date that is at least one year after the Final Maturity Date. 

 The Company hereby waives presentment, demand, protest or notice of any kind in connection with
this Note. 
 THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 

 

			
	BI-LO HOLDING, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 Page 2 

 ANNEX A 

TO 
 EXHIBIT Q 

Section 1.01. Subordination of Liabilities. BI-LO Holding, LLC (the “Company”), for itself, its successors and
assigns, covenants and agrees, and each holder of the Note to which this Annex A is attached (the “Note”) by its acceptance thereof likewise covenants and agrees, that the payment of the principal of, interest on, and all other
amounts owing in respect of, the Note (the “Subordinated Indebtedness”) is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, to the prior payment in full in cash of all Senior Indebtedness (as
defined in Section 1.07 of this Annex A). The provisions of this Annex A shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, or continue to hold, Senior Indebtedness, and such provisions
are made for the benefit of the holders of Senior Indebtedness, and such holders are hereby made obligees hereunder the same as if their names were written herein as such, and they and/or each of them may proceed to enforce such provisions. 

Section 1.02. Company Not to Make Payments with Respect to Subordinated Indebtedness in Certain Circumstances. (a) Upon the
maturity of any Senior Indebtedness (including interest thereon or fees or any other amounts owing in respect thereof), whether at stated maturity, by acceleration or otherwise, all Obligations (as defined in Section 1.07 of this Annex A) due
and owing in respect thereof shall first be paid in full in cash, before any payment of any kind or character (whether in cash, property, securities or otherwise) is made on account of the Subordinated Indebtedness. 

(b) Until all Senior Indebtedness has been paid in full in cash and all commitments and letters of credit in respect of such Senior
Indebtedness have been terminated, the sum of all payments in respect of the Note (including principal and interest), together with the sum of (i) all payments made under all other Shareholder Subordinated Notes and (ii) all payments made
by the Company and its Restricted Subsidiaries to repurchase stock of the Company held by employees, officers and directors of the Company and its Subsidiaries shall not exceed at any time that amount permitted to be paid by the Company for such
purpose by the terms of the respective issue of Senior Indebtedness. 
 (c) The Company may not, directly or indirectly (and no other Person
on behalf of the Company may), make any payment of any Subordinated Indebtedness and may not acquire any Subordinated Indebtedness for cash, property or securities until all Senior Indebtedness has been paid in full in cash and all commitments and
letters of credit in respect of such Senior Indebtedness have been terminated if any default or event of default under the Credit Agreement (as defined in Section 1.07 of this Annex A) or any other issue of Senior Indebtedness is then in
existence or would result therefrom. Each holder of the Note hereby agrees that, so long as any such default or event of default in respect of any issue of Senior Indebtedness exists, it will not sue for, or otherwise take any action to enforce the
Company’s obligations to pay, amounts owing in respect of the Note. Each holder of the Note understands and agrees that to the extent that this clause (c) prohibits any payment, or clause (b) of this Section 1.02 reduces the
payment of, interest, principal and/or other amounts which would otherwise be payable under the Note but for the limitations set forth in this clause (c) or such clause (b), such unpaid amount shall not constitute a payment default under the
Note and the 

 
holder of the Note may not sue for, or otherwise take action to enforce the Company’s obligation to pay such amount, provided that such unpaid principal, interest or other amount shall
remain an obligation of the Company to the holder of the Note pursuant to the terms of the Note. 
 (d) In the event that, notwithstanding
the provisions of the preceding subsections (a), (b) and (c) of this Section 1.02, the Company (or any other Person on behalf of the Company) shall make (or the holder of the Note shall receive) any payment on account of the
Subordinated Indebtedness at a time when payment is not permitted by said subsection (a), (b) or (c), such payment shall be held by the holder of the Note, in trust for the benefit of, and shall be paid forthwith over and delivered to, the
holders of Senior Indebtedness or their representative or the trustee under the indenture, loan agreement or other agreement pursuant to which any instruments evidencing any Senior Indebtedness may have been issued or made, as their respective
interests may appear (after taking into account any intercreditor arrangements among the holders of Senior Indebtedness), for application pro rata to the payment of all Senior Indebtedness remaining unpaid to the extent necessary to
pay all Senior Indebtedness in full in cash in accordance with the terms of such Senior Indebtedness, after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness. The Company shall give the holder of
the Note prompt written notice of any event which would prevent payments under Section 1.02(a), (b) or (c) hereof; provided, however, that failure to give such notice shall not in any way modify the provisions of this
Annex A or affect the subordination effected hereby. 
 Section 1.03. Subordination to Prior Payment of all Senior Indebtedness on
Dissolution, Liquidation or Reorganization of Company. Upon any distribution of assets of the Company upon dissolution, winding up, liquidation or reorganization of the Company (whether in bankruptcy, insolvency or receivership proceedings or
upon an assignment for the benefit of creditors or otherwise): 
 (a) the holders of all Senior Indebtedness shall first be
entitled to receive payment in full in cash of all Senior Indebtedness (including, without limitation, post-petition interest at the rate (including the default rate) provided in the documentation with respect to the Senior Indebtedness, whether or
not such post-petition interest is an allowed claim against the debtor in any bankruptcy or similar proceeding) before the holder of the Note is entitled to receive any payment of any kind or character on account of the Subordinated Indebtedness;

 (b) any payment or distribution of assets of the Company of any kind or character, whether in cash, property or
securities, to which the holder of the Note would be entitled except for the provisions of this Annex A, shall be paid by the liquidating trustee or agent or other Person making such payment or distribution, whether a trustee in bankruptcy, a
receiver or liquidating trustee or other trustee or agent, directly to the holders of Senior Indebtedness or their representative or representatives, or to the trustee or trustees under any indenture, loan agreement or other agreement under which
any instruments evidencing any such Senior Indebtedness may have been issued or made, as their 

  
 Page 2 

 
respective interests may appear (after taking into account any intercreditor arrangements among the holders of Senior Indebtedness), to the extent necessary to make payment in full in cash of all
Senior Indebtedness remaining unpaid, after giving effect to any concurrent payment or distribution to the holders of such Senior Indebtedness; and 

(c) in the event that, notwithstanding the foregoing provisions of this Section 1.03, any payment or distribution of
assets of the Company of any kind or character, whether in cash, property or securities, shall be received by the holder of the Note on account of Subordinated Indebtedness before all Senior Indebtedness is paid in full in cash, such payment or
distribution shall be received and held in trust for and shall be paid over to the holders of the Senior Indebtedness remaining unpaid or their representative or representatives, or to the trustee or trustees under any indenture, loan agreement or
other agreement under which any instruments evidencing any of such Senior Indebtedness may have been issued or made, as their respective interests may appear (after taking into account any intercreditor arrangements among the holders of Senior
Indebtedness), for application to the payment of such Senior Indebtedness until all such Senior Indebtedness shall have been paid in full in cash, after giving effect to any concurrent payment or distribution to the holders of such Senior
Indebtedness. 
 If the holder of the Note does not file a proper claim or proof of debt in the form required in any proceeding or other
action referred to in the introduction paragraph of this Section 1.03 prior to 30 days before the expiration of the time to file such claim or claims, then any of the holders of the Senior Indebtedness or their representative is hereby
authorized to file an appropriate claim for and on behalf of the holder of the Note. 
 Without in any way modifying the provisions of this
Annex A or affecting the subordination effected hereby if the hereafter referenced notice is not given, the Company shall give prompt written notice to the holder of the Note of any dissolution, winding up, liquidation or reorganization of the
Company (whether in bankruptcy, insolvency or receivership proceedings or upon assignment for the benefit of creditors or otherwise). 

Section 1.04. Subrogation. Subject to the prior payment in full in cash of all Senior Indebtedness and all commitments and letters
of credit in respect of such Senior Indebtedness having been terminated, the holder of the Note shall be subrogated to the rights of the holders of Senior Indebtedness to receive payments or distributions of assets of the Company applicable to the
Senior Indebtedness until all amounts owing on the Note shall be paid in full, and for the purpose of such subrogation no payments or distributions to the holders of the Senior Indebtedness by or on behalf of the Company or by or on behalf of the
holder of the Note by virtue of this Annex A which otherwise would have been made to the holder of the Note shall, as between the Company, its creditors, other than the holders of Senior Indebtedness, and the holder of the Note, be deemed to be
payment by the Company to or on account of the Senior Indebtedness, it being understood that the provisions of this Annex A are and are intended solely for the purpose of defining the relative rights of the holder of the Note, on the one hand, and
the holders of the Senior Indebtedness, on the other hand. 

  
 Page 3 

 Section 1.05. Obligation of the Company Unconditional. Nothing contained in this
Annex A or in the Note is intended to or shall impair, as between the Company and the holder of the Note, the obligation of the Company, which is absolute and unconditional, to pay to the holder of the Note the principal of and interest on the Note
as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the holder of the Note and creditors of the Company other than the holders of the Senior Indebtedness, nor,
except as specifically provided herein, shall anything herein or therein prevent the holder of the Note from exercising all remedies otherwise permitted by applicable law upon an event of default under the Note, subject to the rights, if any, under
this Annex A of the holders of Senior Indebtedness in respect of cash, property or securities of the Company received upon the exercise of any such remedy. Upon any distribution of assets of the Company referred to in this Annex A, the holder of the
Note shall be entitled to rely upon any order or decree made by any court of competent jurisdiction in which such dissolution, winding up, liquidation or reorganization proceedings are pending, or a certificate of the liquidating trustee or agent or
other Person making any distribution to the holder of the Note, for the purpose of ascertaining the Persons entitled to participate in such distribution, the holders of the Senior Indebtedness and other indebtedness of the Company, the amount
thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Annex A. 

Section 1.06. Subordination Rights Not Impaired by Acts or Omissions of Company or Holders of Senior Indebtedness. No right of any
present or future holders of any Senior Indebtedness to enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act by any
such holder, or by any noncompliance by the Company with the terms and provisions of the Note, regardless of any knowledge thereof which any such holder may have or be otherwise charged with. The holders of the Senior Indebtedness may, without in
any way affecting the obligations of the holder of the Note with respect hereto, at any time or from time to time and in their absolute discretion, change the manner, place or terms of payment of, change or extend the time of payment of, or renew or
alter, any Senior Indebtedness or amend, modify or supplement any agreement or instrument governing or evidencing such Senior Indebtedness or any other document referred to therein, or exercise or refrain from exercising any other of their rights
under the Senior Indebtedness including, without limitation, the waiver of default thereunder and the release of any collateral securing such Senior Indebtedness, all without notice to or assent from the holder of the Note. 

Section 1.07. Senior Indebtedness. The term “Senior Indebtedness” shall mean all Obligations (as defined below) of
(i) the Company under (or in respect of) the Credit Agreement, dated as of March 9, 2012 (as amended, restated, modified, supplemented, extended, renewed, refinanced, replaced and/or refunded from time to time, the “Credit
Agreement”), among the Company, BI-LO, LLC, a Delaware limited liability company, the lenders party thereto from time to time, Wells Fargo Bank, National Association, SunTrust Bank and TD Bank, N.A., as Co-Documentation Agents, Citibank,
N.A. (“Citi”), as Syndication Agent, Deutsche Bank Trust Company Americas (“DBTCA”), as Administrative Agent and as 

  
 Page 4 

 
Collateral Agent, and DBTCA, Wells Fargo Bank, National Association and Citi, as Collateral Monitors, and each other Credit Document (as defined in the Credit Agreement) and (in each case) any
renewal, extension, restatement, refinancing or refunding (in whole or in part) thereof, (ii) the Company under (or in respect of) any Interest Rate Protection Agreement or Other Hedging Agreement (as each such term is defined in the Credit
Agreement), (iii) the Company under (or in respect of) the Senior Secured Notes or the other Senior Secured Notes Documents (as each such term is defined in the Credit Agreement) and (iv) the Company under (or in respect of) any Treasury
Services Agreement. As used herein, the term “Obligation” shall mean any principal, interest, premium, penalties, fees, expenses, indemnities and other liabilities and obligations payable under the documentation governing any
indebtedness, including guaranties of the foregoing obligations and liabilities (including interest, fees and expenses after the commencement of any bankruptcy, insolvency, receivership or similar proceeding at the relevant rate provided pursuant to
the terms of the respective documentation, whether or not such interest, fees or expenses are an allowed claim against the debtor in any such proceeding). 

Section 1.08. Miscellaneous. If, at any time, all or part of any payment with respect to Senior Indebtedness theretofore made by
the Company or any other Person is rescinded or must otherwise be returned by the holders of the Senior Indebtedness for any reason whatsoever (including, without limitation, the insolvency, bankruptcy or reorganization of the Company or such other
Person), the subordination provisions set forth herein shall continue to be effective or be reinstated, as the case may be, all as though such payment had not been made. 

  
 Page 5

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