Document:

EX-10.25

 Exhibit 10.25 

FIRST LIEN PARI PASSU INTERCREDITOR AGREEMENT 

dated as of July 31, 2020 

among 
 SOTERA HEALTH HOLDINGS,
LLC 
 as the Company 
 SOTERA
HEALTH TOPCO, INC., 
 as Holdings, 

the other GRANTORS party hereto, 

JEFFERIES FINANCE LLC, 
 as First
Lien Credit Agreement Collateral Agent for the Credit Agreement Secured Parties, 
 JEFFERIES FINANCE LLC, 

as Authorized Representative for the Credit Agreement Secured Parties, 

WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as the Initial Additional First Lien Collateral Agent, 

WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as the Initial Additional Authorized Representative and 

each ADDITIONAL FIRST LIEN COLLATERAL AGENT AND ADDITIONAL SENIOR CLASS DEBT 

REPRESENTATIVE from time to time party hereto 
  

  
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 FIRST LIEN PARI PASSU INTERCREDITOR AGREEMENT, dated as of July 31, 2020 (as amended,
restated, amended and restated, extended, supplemented or otherwise modified from time to time, this “Agreement”), among SOTERA HEALTH TOPCO, INC., a Delaware corporation (“Holdings”), SOTERA HEALTH HOLDINGS, LLC, a
Delaware limited liability company (the “Company”), the other Grantors (as defined below) from time to time party hereto, JEFFERIES FINANCE LLC (“Jefferies”), as collateral agent for the Credit Agreement Secured
Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Credit Agreement Collateral Agent”), Jefferies, as First Lien Administrative Agent and Authorized Representative for the Credit
Agreement Secured Parties (as each such term is defined below), WILMINGTON TRUST, NATIONAL ASSOCIATION, as First Lien Collateral Agent under the Initial Additional First Lien Agreement (as defined below) for the Initial Additional First Lien Secured
Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Initial Additional First Lien Collateral Agent”), WILMINGTON TRUST, NATIONAL ASSOCIATION, in its capacity as Trustee under the
Initial Additional First Lien Agreement, as Authorized Representative for the Initial Additional First Lien Secured Parties (as defined below) (in such capacity and together with its successors in such capacity, the “Initial Additional
Authorized Representative”), and each additional Collateral Agent and Authorized Representative from time to time party hereto for the other Additional First Lien Secured Parties of the Series (as defined below) with respect to which it is
acting in such capacity. 
 In consideration of the mutual agreements herein contained and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Credit Agreement Collateral Agent, the First Lien Administrative Agent (for itself and on behalf of the Credit Agreement Secured Parties), the Initial Additional Authorized Representative
(for itself and on behalf of the Initial Additional First Lien Secured Parties), the Initial Additional First Lien Collateral Agent and each additional Authorized Representative (for itself and on behalf of the Additional First Lien Secured Parties
of the applicable Series) and additional Collateral Agent agree as follows: 
 ARTICLE I 

DEFINITIONS 
 Section 1.01.
Certain Defined Terms. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Credit Agreement or, if defined in the New York UCC, the meanings specified therein. As used in this Agreement, the following
terms have the meanings specified below: 
 “Additional First Lien Collateral Agent” means, with respect to the Shared
Collateral (x) for so long as the Initial Additional First Lien Obligations are the only Series of Additional First Lien Obligations outstanding, the Initial Additional First Lien Collateral Agent and (y) thereafter, the Collateral Agent
for the Series of Additional First Lien Obligations that constitutes the largest outstanding aggregate principal amount of any then outstanding Series of First Lien Obligations with respect to such Shared Collateral. 

  
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 “Additional First Lien Documents” means, with respect to the Initial
Additional First Lien Obligations or any Series of Additional Senior Class Debt, the notes, credit agreement, indentures, security documents and other operative agreements evidencing or governing such indebtedness and liens securing such
indebtedness, including the Initial Additional First Lien Documents and the Additional First Lien Security Documents and each other agreement entered into for the purpose of securing the Initial Additional First Lien Obligations or any Series of
Additional Senior Class Debt; provided that, in each case, the Indebtedness thereunder (other than the Initial Additional First Lien Obligations) has been designated as Additional First Lien Obligations pursuant to Section 5.13 hereto.

 “Additional First Lien Obligations” means all amounts owing to any Additional First Lien Secured Party (including the
Initial Additional First Lien Secured Parties) pursuant to the terms of any Additional First Lien Document (including the Initial Additional First Lien Documents), including, without limitation, all amounts in respect of any principal, premium,
interest, fees, expenses (including any interest, fees, and expenses accruing subsequent to the commencement of an Insolvency or Liquidation Proceeding at the rate provided for in the respective Additional First Lien Document, whether or not such
interest, fees, and expenses are an allowed claim under any such proceeding or under applicable state, federal or foreign law), penalties, indemnifications, reimbursements, damages and other liabilities, and guarantees of the foregoing amounts. 

“Additional First Lien Secured Party” means the holders of any Additional First Lien Obligations and any Authorized
Representative and the Collateral Agent with respect thereto, and shall include the Initial Additional First Lien Secured Parties and the Additional Senior Class Debt Parties. 

“Additional First Lien Security Documents” means any collateral agreement, security agreement or any other document now
existing or entered into after the date hereof that create Liens on any assets or properties of any Grantor to secure the Additional First Lien Obligations. 

“Additional Senior Class Debt” has the meaning assigned to such term in Section 5.13. 

“Additional Senior Class Debt Collateral Agent” has the meaning assigned to such term in
Section 5.13. 
 “Additional Senior Class Debt Parties” has the meaning assigned to such term in
Section 5.13. 
 “Additional Senior Class Debt Representative” has the meaning assigned to such
term in Section 5.13. 
 “Agreement” has the meaning assigned to such term in the introductory paragraph of this
Agreement. 
 “Applicable Authorized Representative” means, with respect to any Shared Collateral, (i) until the
earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the First Lien Administrative Agent and (ii) from and after
the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Major
Non-Controlling Authorized Representative. 

  
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 “Applicable Collateral Agent” means (i) until the earlier of
(x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the
earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Additional First Lien Collateral Agent. 

“Authorized Representative” means, at any time, (i) in the case of any Credit Agreement Obligations or the Credit
Agreement Secured Parties, the First Lien Administrative Agent, (ii) in the case of the Initial Additional First Lien Obligations or the Initial Additional First Lien Secured Parties, the Initial Additional Authorized Representative, and
(iii) in the case of any other Series of Additional First Lien Obligations or Additional First Lien Secured Parties that become subject to this Agreement after the date hereof, the Additional Senior Class Debt Representative named for such
Series in the applicable Joinder Agreement. 
 “Bankruptcy Case” has the meaning assigned to such term in
Section 2.05(b). 
 “Bankruptcy Code” means Title 11 of the United States Code, as amended. 

“Bankruptcy Law” means the Bankruptcy Code and any similar federal, state or foreign law for the relief of debtors. 

“Collateral” means all assets and properties subject to Liens created pursuant to any First Lien Security Document to secure
one or more Series of First Lien Obligations. 
 “Collateral Agent” means (i) in the case of any Credit Agreement
Obligations, the Credit Agreement Collateral Agent, (ii) in the case of the Initial Additional First Lien Obligations, the Initial Additional First Lien Collateral Agent and (iii) in the case of any other Series of Additional First Lien
Obligations that become subject to this Agreement after the date hereof, the Additional Senior Class Debt Collateral Agent for such Series named in the applicable Joinder Agreement. 

“Collateral Agreement” means that certain First Lien Collateral Agreement, dated as of December 13, 2019, among
Holdings, the Company, the other Grantors party thereto and the Credit Agreement Collateral Agent, as amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time. 

“Company” has the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Controlling Secured Parties” means, with respect to any Shared Collateral, (i) at any time when the Credit Agreement
Collateral Agent is the Applicable Collateral Agent, the Credit Agreement Secured Parties and (ii) at any other time, the Series of First Lien Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such
Shared Collateral. 
 “Credit Agreement” means that certain First Lien Credit Agreement, dated as of December 13,
2019, among Holdings, the Company, the lenders from time to time party thereto, Jefferies, as administrative agent (in such capacity and together with its successors in such capacity, the “First Lien Administrative Agent”), and the
other parties thereto, as amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time. 

  
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 “Credit Agreement Collateral Agent” has the meaning assigned to such term
in the introductory paragraph of this Agreement. 
 “Credit Agreement Collateral Documents” means the Collateral Agreement,
the other Security Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations. 

“Credit Agreement Obligations” means all “Secured Obligations” as defined in the Credit Agreement. 

“Credit Agreement Secured Parties” means the “Secured Parties” as defined in the Collateral Agreement. 

“DIP Financing” has the meaning assigned to such term in Section 2.05(b). 

“DIP Financing Liens” has the meaning assigned to such term in Section 2.05(b). 

“DIP Lenders” has the meaning assigned to such term in Section 2.05(b). 

“Discharge” means, with respect to any Shared Collateral and any Series of First Lien Obligations, the date on which such
Series of First Lien Obligations is no longer secured by such Shared Collateral pursuant to the terms of the documentation governing such Series of First Lien Obligations. The term “Discharged” shall have a corresponding meaning. 

“Discharge of Credit Agreement Obligations” means, with respect to any Shared Collateral, the Discharge of the Credit
Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations with
additional First Lien Obligations secured by such Shared Collateral under an Additional First Lien Document which has been designated in writing by the First Lien Administrative Agent (under the Credit Agreement so Refinanced) to the Additional
First Lien Collateral Agent and each other Authorized Representative as the “Credit Agreement” for purposes of this Agreement. 

“Event of Default” means an “Event of Default” (or similarly defined term) as defined in any Secured Credit
Document. 
 “First Lien Administrative Agent” has the meaning assigned to such term in the definition of “Credit
Agreement”. 
 “First Lien Debt Document” means the Credit Agreement, the other Loan Documents (as such term is
defined in the Credit Agreement) and the Additional First Lien Documents. 
 “First Lien Obligations” means, collectively,
(i) the Credit Agreement Obligations and (ii) each Series of Additional First Lien Obligations. 

  
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 “First Lien Secured Parties” means (i) the Credit Agreement Secured
Parties and (ii) the Additional First Lien Secured Parties with respect to each Series of Additional First Lien Obligations. 

“First Lien Security Documents” means collectively, (i) the Credit Agreement Collateral Documents and (ii) the
Additional First Lien Security Documents. 
 “Grantors” means the Company and each of the Guarantors (as defined in the
Credit Agreement), each Intermediate Parent and each other Subsidiary of the Company which has granted a security interest pursuant to any First Lien Security Document to secure any Series of First Lien Obligations (including any Subsidiary which
becomes a party to this Agreement as contemplated by Section 5.16). The Grantors existing on the date hereof are set forth in Schedule I hereto. 

“Holdings” has the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Impairment” has the meaning assigned to such term in Section 1.03. 

“Initial Additional Authorized Representative” has the meaning assigned to such term in the introductory paragraph of this
Agreement. 
 “Initial Additional First Lien Agreement” mean that certain Indenture, dated as of July 31, 2020, among
the Company, the Guarantors identified therein and Wilmington Trust, National Association, as collateral agent, calculation agent and trustee, as amended, restated, amended and restated, extended, supplemented or otherwise modified from time to
time. 
 “Initial Additional First Lien Collateral Agent” has the meaning assigned to such term in the introductory
paragraph of this Agreement. 
 “Initial Additional First Lien Documents” means the Initial Additional First Lien
Agreement, the debt securities, if any, issued thereunder, the Initial Additional First Lien Security Agreement and any security documents and other operative agreements evidencing or governing the Indebtedness thereunder, and the Liens securing
such Indebtedness, including any agreement entered into for the purpose of securing the Initial Additional First Lien Obligations. 

“Initial Additional First Lien Obligations” means the “Notes Obligations” as such term is defined in the
Initial Additional First Lien Security Agreement. 
 “Initial Additional First Lien Secured Parties” means the Initial
Additional First Lien Collateral Agent, the Initial Additional Authorized Representative and the holders of the Initial Additional First Lien Obligations issued pursuant to the Initial Additional First Lien Agreement. 

“Initial Additional First Lien Security Agreement” means the First Lien Collateral Agreement, dated as of the date hereof,
among the Company, the Initial Additional First Lien Collateral Agent and the other Grantors party thereto, as amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time. 

  
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 “Insolvency or Liquidation Proceeding” means: 

(1) any case or proceeding commenced by or against the Company or any other Grantor under any Bankruptcy Law, any other case or
proceeding for the reorganization, recapitalization or adjustment or marshalling of the assets or liabilities of the Company or any other Grantor, any receivership or assignment for the benefit of creditors relating to the Company or any other
Grantor or any similar case or proceeding relative to the Company or any other Grantor or its creditors, as such, in each case whether or not voluntary; 

(2) any liquidation, dissolution, marshalling of assets or liabilities or other winding up of or relating to the Company or any
other Grantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 
 (3) any
other case or proceeding of any type or nature in which substantially all claims of creditors of the Company or any other Grantor are determined and any payment or distribution is or may be made on account of such claims. 

“Intermediate Parent” has the meaning assigned to such term in the Credit Agreement. 

“Intervening Creditor” has the meaning assigned to such term in Section 2.01(a). 

“Jefferies” has the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Joinder Agreement” means a joinder to this Agreement in the form of Annex II hereto required to be delivered by an
Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral Agent pursuant to Section 5.13 hereof in order to establish an additional Series of Additional Senior Class Debt and add
Additional First Lien Secured Parties hereunder. 
 “Lien” means, with respect to any asset, (a) any mortgage, deed of
trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing
lease having substantially the same economic effect as any of the foregoing) relating to such asset. 
 “Major Non-Controlling Authorized Representative” means, with respect to any Shared Collateral, the Authorized Representative of the Series of Additional First Lien Obligations that constitutes the largest
outstanding principal amount of any then outstanding Series of First Lien Obligations with respect to such Shared Collateral. 

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

“Non-Controlling Authorized Representative” means, at any time with respect to any
Shared Collateral, any Authorized Representative that is not the Applicable Authorized Representative at such time with respect to such Shared Collateral. 

  
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 “Non-Controlling Authorized Representative
Enforcement Date” means, with respect to any Non-Controlling Authorized Representative, the date which is 120 days (throughout which 120-day period such Non-Controlling Authorized Representative was the Major Non-Controlling Authorized Representative) after the occurrence of both (i) an Event of Default (under and as
defined in the Additional First Lien Document under which such Non-Controlling Authorized Representative is the Authorized Representative) and (ii) receipt by each of the Applicable Collateral
Agent, each other Collateral Agent, the Applicable Authorized Representative, and each other Authorized Representative of written notice from such Non-Controlling Authorized Representative certifying that
(x) such Non-Controlling Authorized Representative is the Major Non-Controlling Authorized Representative and that an Event of Default (under and as defined in the
Additional First Lien Document under which such Non-Controlling Authorized Representative is the Authorized Representative) has occurred and is continuing and (y) the Additional First Lien Obligations of
the Series with respect to which such Non-Controlling Authorized Representative is the Authorized Representative are currently due and payable in full (whether as a result of acceleration thereof or otherwise)
in accordance with the terms of the applicable Additional First Lien Document; provided that, such Event of Default (under and as defined in the Additional First Lien Document under which such
Non-Controlling Authorized Representative is the Authorized Representative) shall be continuing at the end of such 120-day period; provided, further that
the Non-Controlling Authorized Representative Enforcement Date shall be stayed and shall not occur and shall be deemed not to have occurred with respect to any Shared Collateral (1) at any time the First
Lien Administrative Agent or the Credit Agreement Collateral Agent has commenced and is diligently pursuing any enforcement action with respect to such Shared Collateral or (2) at any time the Grantor which has granted a security interest in
such Shared Collateral is then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding. 

“Non-Controlling Secured Parties” means, at any time with respect to any Shared
Collateral, the First Lien Secured Parties which are not Controlling Secured Parties at such time with respect to such Shared Collateral. 

“Possessory Collateral” means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to
the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any applicable jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments and Chattel
Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First Lien Security Documents. 

“Post-Petition Interest” means any interest or entitlement to fees or expenses or other charges that accrue after the
commencement of any Insolvency or Liquidation Proceeding, whether or not allowed or allowable as a claim in any such Insolvency or Liquidation Proceeding. 

“Proceeds” has the meaning assigned to such term in Section 2.01(a). 

“Refinance” means, in respect of any Indebtedness, to refinance, extend, renew, defease, amend, increase, modify, supplement,
restructure, refund, replace, repay, prepay, purchase, redeem or retire, or to issue other indebtedness or enter alternative financing arrangements, in each case in exchange or replacement for such indebtedness (in whole or in part), including by
adding or replacing lenders, creditors, agents, borrowers or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated and including, in each case, through any
credit agreement, indenture or other agreement. “Refinanced” and “Refinancing” have correlative meanings. 

  
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 “Secured Credit Document” means (i) the Credit Agreement and each
First Lien Loan Document (as defined in the Credit Agreement), (ii) each Initial Additional First Lien Document, and (iii) each Additional First Lien Document. 

“Series” means (a) with respect to the First Lien Secured Parties, each of (i) the Credit Agreement Secured Parties
(in their capacities as such), (ii) the Initial Additional First Lien Secured Parties (in their capacities as such), and (iii) the Additional First Lien Secured Parties that become subject to this Agreement after the date hereof that are
represented by a common Authorized Representative (in its capacity as such for such Additional First Lien Secured Parties) and (b) with respect to any First Lien Obligations, each of (i) the Credit Agreement Obligations, (ii) the
Initial Additional First Lien Obligations, and (iii) the Additional First Lien Obligations incurred pursuant to any Additional First Lien Document, which pursuant to any Joinder Agreement are to be represented hereunder by a common Authorized
Representative (in its capacity as such for such Additional First Lien Obligations). 
 “Shared Collateral” means, at any
time, Collateral in which the holders of two or more Series of First Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First Lien Obligations are outstanding at any time and the holders of less
than all Series of First Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First Lien Obligations that hold a valid and perfected
security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time. 

Section 1.02. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be
followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any
definition of or reference to any agreement, instrument, other document, statute or regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, supplemented or
otherwise modified, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of such Person unless express reference is made to such
subsidiaries, (iii) 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, (iv) all references herein to Articles, Sections and Annexes shall be construed to refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise expressly qualified herein, 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, and (vi) the term
“or” is not exclusive. 

  
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 Section 1.03. Impairments. It is the intention of the First Lien Secured Parties
of each Series that the holders of First Lien Obligations of such Series (and not the First Lien Secured Parties of any other Series) bear the risk of (i) any determination by a court of competent jurisdiction that (x) any of the First
Lien Obligations of such Series are unenforceable under applicable law or are subordinated to any other obligations (other than another Series of First Lien Obligations), (y) any of the First Lien Obligations of such Series do not have an
enforceable security interest in any of the Collateral securing any other Series of First Lien Obligations or (z) any intervening security interest exists securing any other obligations (other than another Series of First Lien Obligations) on a
basis ranking prior to the security interest of such Series of First Lien Obligations but junior to the security interest of any other Series of First Lien Obligations or (ii) the existence of any Collateral for any other Series of First Lien
Obligations that is not Shared Collateral for such Series (any such condition referred to in the foregoing clause (i) or (ii) with respect to any Series of First Lien Obligations, an “Impairment” of such Series). In the event
of any Impairment with respect to any Series of First Lien Obligations, the results of such Impairment shall be borne solely by the holders of such Series of First Lien Obligations, and the rights of the holders of such Series of First Lien
Obligations (including, without limitation, the right to receive distributions in respect of such Series of First Lien Obligations pursuant to Section 2.01) set forth herein shall be modified to the extent necessary so that the effects of such
Impairment are borne solely by the holders of the Series of such First Lien Obligations subject to such Impairment. 
 Additionally, in the
event the First Lien Obligations of any Series are modified pursuant to applicable law (including, without limitation, pursuant to Section 1129 of the Bankruptcy Code), any reference to such First Lien Obligations or the First Lien Security
Documents governing such First Lien Obligations shall refer to such obligations or such documents as so modified. 
 ARTICLE II 

PRIORITIES AND AGREEMENTS WITH RESPECT TO SHARED COLLATERAL 

Section 2.01. Priority of Claims. 

(a) Anything contained herein or in any of the Secured Credit Documents to the contrary notwithstanding (but subject to Section 1.03 and
the following sentence), if an Event of Default has occurred and is continuing, and the Applicable Collateral Agent or any First Lien Secured Party is taking action to enforce rights or remedies in respect of any Shared Collateral, or any
distribution is made in respect of any Shared Collateral in any Insolvency or Liquidation Proceeding of the Company or any other Grantor (including any adequate protection payments) or any First Lien Secured Party receives any payment or
distribution pursuant to any intercreditor agreement (other than this Agreement) with respect to any Shared Collateral, the proceeds of any sale, collection or other liquidation of any such Shared Collateral by any First Lien Secured Party on
account of such enforcement rights or remedies or received by the Applicable Collateral Agent or any First Lien Secured Party pursuant to any such intercreditor agreement with respect to such Shared Collateral and any such distribution (subject, in
the case of any such distribution, proceeds, or payments to the sentence immediately following) to which the First Lien Obligations are entitled under any intercreditor agreement (other than this Agreement) (all such payments, distributions,
proceeds of any sale, collection or other liquidation of any Shared Collateral and all proceeds or payments of any such distribution being collectively referred to as “Proceeds”) shall be applied (i)

  
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FIRST, to the payment of all amounts owing to each Collateral Agent (in its capacity as such) on a ratable basis pursuant to the terms of the applicable Secured Credit Documents,
(ii) SECOND, subject to Section 1.03, to the payment in full of the First Lien Obligations of each Series secured by a valid and perfected lien on such Shared Collateral on a ratable basis, with such Proceeds from Shared Collateral to be
applied to the First Lien Obligations of a given Series in accordance with the terms of the applicable Secured Credit Documents; provided that following the commencement of any Insolvency or Liquidation Proceeding with respect to the Company or any
other Grantor, solely as among the First Lien Secured Parties and solely for purposes of this clause SECOND and not any Secured Credit Documents, in the event the value of the Shared Collateral is not sufficient for the entire amount of
Post-Petition Interest on the First Lien Obligations to be allowed under Section 506(a) and (b) of the Bankruptcy Code or any other applicable provision of the Bankruptcy Code or other Bankruptcy Law in such Insolvency or Liquidation
Proceeding, the amount of First Lien Obligations of each Series of First Lien Obligations shall include only the maximum amount of Post-Petition Interest on the First Lien Obligations allowable under Section 506(a) and (b) of the
Bankruptcy Code or any other applicable provision of the Bankruptcy Code or other Bankruptcy Law in such Insolvency or Liquidation Proceeding; and (iii) THIRD, after payment of all First Lien Obligations, to the Company and the other Grantors
or their successors or assigns, as their interests may appear, or to whosoever may be lawfully entitled to receive the same, or as a court of competent jurisdiction may direct. If, despite the provisions of the Section 2.01(a), any First Lien
Secured Party shall receive any payment or other recovery in excess of its portion of payments on account of the First Lien Obligations to which it is then entitled in accordance with this Section 2.01(a), such First Lien Secured Party shall
hold such payment or recovery in trust for the benefit of all First Lien Secured Parties for distribution in accordance with this Section 2.01(a). Notwithstanding the foregoing, with respect to any Shared Collateral upon which a third party
(other than a First Lien Secured Party) has a lien or security interest that is junior in priority to the security interest of any Series of First Lien Obligations but senior (as determined by appropriate legal proceedings in the case of any
dispute) to the security interest of any other Series of First Lien Obligations (such third party, an “Intervening Creditor”), the value of any Shared Collateral or Proceeds which are allocated to such Intervening Creditor shall be
deducted on a ratable basis solely from the Shared Collateral or Proceeds to be distributed in respect of the Series of First Lien Obligations with respect to which such Impairment exists. 

(b) It is acknowledged that the First Lien Obligations of any Series may, subject to the limitations set forth in the then extant Secured
Credit Documents, be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, Refinanced or otherwise amended or modified from time to time, all without affecting the priorities set forth in
Section 2.01(a) or the provisions of this Agreement defining the relative rights of the First Lien Secured Parties of any Series. 
 (c)
Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing any Series of First Lien Obligations granted on the Shared Collateral and notwithstanding any provision of the Uniform Commercial Code
of any jurisdiction, or any other applicable law or the Secured Credit Documents or any defect or deficiencies in the Liens securing the First Lien Obligations of any Series or any other circumstance whatsoever (but, in each case, subject to
Section 1.03), each First Lien Secured Party hereby agrees that the Liens securing each Series of First Lien Obligations on any Shared Collateral shall be of equal priority. 

  
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 (d) Notwithstanding anything in this Agreement or any other First Lien Security Documents to
the contrary, Collateral consisting of cash and cash equivalents pledged to secure Credit Agreement Obligations consisting of reimbursement obligations in respect of letters of credit or otherwise held by the First Lien Administrative Agent or the
Credit Agreement Collateral Agent pursuant to Section 2.05(j), 2.11(b), 2.18(e) or 2.22 of the Credit Agreement (or any equivalent successor provision) shall be applied as specified in the Credit Agreement and will not constitute Shared
Collateral. 
 Section 2.02. Actions with Respect to Shared Collateral; Prohibition on Contesting Liens. 

(a) Only the Applicable Collateral Agent shall act or refrain from acting with respect to any Shared Collateral (including with respect to any
intercreditor agreement with respect to any Shared Collateral). At any time when the Credit Agreement Collateral Agent is the Applicable Collateral Agent, no Additional First Lien Secured Party shall, or shall instruct any Collateral Agent to, and
neither the Initial Additional First Lien Collateral Agent nor any other Collateral Agent that is not the Applicable Collateral Agent shall, commence any judicial or nonjudicial foreclosure proceedings with respect to, seek to have a trustee,
receiver, liquidator or similar official appointed for or over, attempt any action to take possession of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce its security interest in or realize upon, or take
any other action available to it in respect of, any Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral), whether under any Additional First Lien Security Document, applicable law or
otherwise, it being agreed that only the Credit Agreement Collateral Agent, acting in accordance with the Credit Agreement Collateral Documents (or any Person authorized by it), shall be entitled to take any such actions or exercise any such
remedies with respect to Shared Collateral at such time. 
 (b) With respect to any Shared Collateral at any time when the Additional First
Lien Collateral Agent is the Applicable Collateral Agent, (i) the Applicable Collateral Agent shall act only on the instructions of the Applicable Authorized Representative, (ii) the Applicable Collateral Agent shall not follow any
instructions with respect to such Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral) from any Non-Controlling Authorized Representative (or any
other First Lien Secured Party other than the Applicable Authorized Representative) and (iii) no Non-Controlling Authorized Representative or other First Lien Secured Party (other than the Applicable
Authorized Representative) shall, or shall instruct the Applicable Collateral Agent to, commence any judicial or non-judicial foreclosure proceedings with respect to, seek to have a trustee, receiver,
liquidator or similar official appointed for or over, attempt any action to take possession of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce its security interest in or realize upon, or take any other
action available to it in respect of, any Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral), whether under any First Lien Security Document, applicable law or otherwise, it being agreed
that only the Applicable Collateral Agent, acting on the instructions of the Applicable Authorized Representative and in accordance with the Additional First Lien Security Documents, shall be entitled to take any such actions or exercise any such
remedies with respect to Shared Collateral. 

  
 12 

 (c) Notwithstanding the equal priority of the Liens securing each Series of First Lien
Obligations with respect to the Shared Collateral, the Applicable Collateral Agent (in the case of the Additional First Lien Collateral Agent, acting on the instructions of the Applicable Authorized Representative) may deal with the Shared
Collateral as if such Applicable Collateral Agent had a senior Lien on such Collateral. No Non-Controlling Authorized Representative or Non-Controlling Secured Party
will contest, protest or object to any foreclosure proceeding or action brought by the Applicable Collateral Agent, the Applicable Authorized Representative or the Controlling Secured Party or any other exercise by the Applicable Collateral Agent,
the Applicable Authorized Representative or the Controlling Secured Party of any rights and remedies relating to the Shared Collateral, or to cause the Applicable Collateral Agent to do so. The foregoing shall not be construed to limit the rights
and priorities of any First Lien Secured Party, the Applicable Collateral Agent or any Authorized Representative with respect to any Collateral not constituting Shared Collateral. 

(d) Each of the First Lien Secured Parties agrees that it will not (and hereby waives any right to) question or contest or support any other
Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the creation, perfection, priority, validity, attachment or enforceability of a Lien held by or on behalf of any of the First Lien Secured Parties on all
or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Collateral Agent or any Authorized Representative to enforce this Agreement. 

Section 2.03. No Interference; Payment Over. 

(a) Each First Lien Secured Party agrees that (i) it will not challenge or question in any proceeding (including any Insolvency or
Liquidation Proceeding) the validity, allowability or enforceability of any First Lien Obligations of any Series or any First Lien Security Document or the validity, attachment, perfection or priority of any Lien under any First Lien Security
Document or the validity or enforceability of the priorities, rights or duties established by or other provisions of this Agreement, (ii) it will not take or cause to be taken any action the purpose or intent of which is, or could be, to
interfere, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer or other disposition of the Shared Collateral by the Applicable Collateral Agent, (iii) except as provided in Section 2.02, it
shall have no right to (A) direct the Applicable Collateral Agent or any other First Lien Secured Party to exercise, and shall not exercise, any right, remedy or power with respect to any Shared Collateral (including pursuant to any
intercreditor agreement) or (B) consent to the exercise by the Applicable Collateral Agent or any other First Lien Secured Party of any right, remedy or power with respect to any Shared Collateral, (iv) it will not institute any suit or
assert in any suit, Insolvency or Liquidation Proceeding or other proceeding any claim against the Applicable Collateral Agent or any other First Lien Secured Party seeking damages from or other relief by way of specific performance, instructions or
otherwise with respect to any Shared Collateral, and none of the Applicable Collateral Agent, any Applicable Authorized Representative or any other First Lien Secured Party shall be liable for any action taken or omitted to be taken by the
Applicable Collateral Agent, such Applicable Authorized Representative or other First Lien Secured Party with respect to any Shared Collateral in accordance with the provisions of this Agreement, (v) it will not seek, and hereby waives any
right, to have any Shared Collateral or any part thereof marshalled upon any foreclosure or other disposition of such Collateral and (vi) it will not attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge
the enforceability of any provision of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of the Applicable Collateral Agent or any other First Lien Secured Party to enforce this Agreement.

  
 13 

 (b) Each First Lien Secured Party hereby agrees that if it shall obtain possession of any
Shared Collateral or shall realize any proceeds or payment in respect of any such Shared Collateral, pursuant to any First Lien Security Document or by the exercise of any rights available to it under applicable law or in any Insolvency or
Liquidation Proceeding or through any other exercise of remedies (including pursuant to any intercreditor agreement), at any time prior to the Discharge of each of the First Lien Obligations, then it shall hold such Shared Collateral, proceeds or
payment in trust for the other First Lien Secured Parties and promptly transfer such Shared Collateral, proceeds or payment, as the case may be, to the Applicable Collateral Agent, to be distributed in accordance with the provisions of
Section 2.01. 
 Section 2.04. Automatic Release of Liens. 

(a) If at any time the Applicable Collateral Agent forecloses upon or otherwise exercises remedies against any Shared Collateral resulting in a
sale or disposition thereof, then (whether or not any Insolvency or Liquidation Proceeding is pending at the time) the Liens in favor of the other Collateral Agents for the benefit of each Series of First Lien Secured Parties upon such Shared
Collateral will automatically be released and discharged as and when, but only to the extent, such Liens of the Applicable Collateral Agent on such Shared Collateral are released and discharged; provided that any proceeds of any Shared Collateral
realized therefrom shall be applied pursuant to Section 2.01. 
 (b) Each Collateral Agent and Authorized Representative agrees to
execute and deliver (at the sole cost and expense of the Grantors) all such authorizations and other instruments as shall reasonably be requested by the Applicable Collateral Agent to evidence and confirm any release of Shared Collateral provided
for in this Section. 
 Section 2.05. Certain Agreements with Respect to Bankruptcy or Insolvency or Liquidation Proceedings.

 (a) This Agreement shall continue in full force and effect notwithstanding the commencement and continuance of any Insolvency or
Liquidation Proceeding by or against the Company or any of its Subsidiaries. The relative rights as to the Shared Collateral and proceeds thereof shall continue after the commencement of any Insolvency or Liquidation Proceeding on the same basis as
prior to the date of the petition therefor. All references herein to any Grantor shall include such Grantor as a debtor-in-possession and any receiver or trustee for
such Grantor. 
 (b) If the Company or any other Grantor shall become subject to a case (a “Bankruptcy Case”) under the
Bankruptcy Code or other Bankruptcy Law and shall, as debtor(s)-in-possession, move for approval of financing (“DIP Financing”) to be provided by one or
more lenders (the “DIP Lenders”) under Section 364 of the Bankruptcy Code or any equivalent provision of any other Bankruptcy Law or the use of cash collateral under Section 363 of the Bankruptcy Code or any equivalent
provision of any other Bankruptcy Law, each First Lien Secured Party (other than any Controlling Secured Party or Authorized Representative of any Controlling Secured Party) agrees that it will not raise, join or support any objection to any such
financing or to the Liens on the 

  
 14 

 
Shared Collateral securing the same (“DIP Financing Liens”) or to any use of cash collateral that constitutes Shared Collateral, unless an Authorized Representative of any
Controlling Secured Party shall then oppose or object (or join in any objection) to such DIP Financing or such DIP Financing Liens or use of cash collateral (and (i) to the extent that such DIP Financing Liens are senior to the Liens on any
such Shared Collateral for the benefit of the Controlling Secured Parties, each Non-Controlling Secured Party will subordinate its Liens with respect to such Shared Collateral on the same terms as the Liens of
the Controlling Secured Parties (other than any Liens of any First Lien Secured Parties constituting DIP Financing Liens) are subordinated thereto, and (ii) to the extent that such DIP Financing Liens rank pari passu with the Liens on any such
Shared Collateral granted to secure the First Lien Obligations of the Controlling Secured Parties, each Non-Controlling Secured Party will confirm the priorities with respect to such Shared Collateral as set
forth herein), in each case so long as (A) the First Lien Secured Parties of each Series retain the benefit of their Liens on all such Shared Collateral pledged to the DIP Lenders, including proceeds thereof arising after the commencement of
such proceeding, with the same priority vis-à-vis all the other First Lien Secured Parties (other than any Liens of the First Lien Secured Parties constituting
DIP Financing Liens) as existed prior to the commencement of the Bankruptcy Case, (B) the First Lien Secured Parties of each Series are granted Liens on any additional or replacement collateral pledged to any First Lien Secured Parties as
adequate protection or otherwise in connection with such DIP Financing or use of cash collateral, with the same priority vis-à-vis the First Lien Secured Parties
(other than any Liens of the First Lien Secured Parties constituting DIP Financing Liens) as set forth in this Agreement, (C) if any amount of such DIP Financing or cash collateral is applied to repay any of the First Lien Obligations, such
amount is applied pursuant to Section 2.01, and (D) if any First Lien Secured Parties are granted adequate protection with respect to the First Lien Obligations, including in the form of periodic payments, in connection with such DIP
Financing or use of cash collateral, the proceeds of such adequate protection are applied pursuant to Section 2.01; provided that the First Lien Secured Parties of each Series shall have a right to object to the grant of a Lien to secure the
DIP Financing over any Collateral subject to Liens in favor of the First Lien Secured Parties of such Series or their Authorized Representative that shall not constitute Shared Collateral; and provided, further, that the First Lien Secured Parties
receiving adequate protection with respect to the First Lien Obligations shall not object to any other First Lien Secured Party receiving adequate protection with respect to the First Lien Obligations comparable to any adequate protection granted to
such First Lien Secured Parties in connection with a DIP Financing or use of cash collateral. 
 (c) Each of the First Lien Secured Parties
agrees that, in an Insolvency or Liquidation Proceeding or otherwise, none of them will oppose any sale or disposition of any Shared Collateral of any Grantor that is supported by the Controlling Secured Parties or the Applicable Authorized
Representative (at the direction of the Controlling Secured Parties); provided that any Proceeds of any Shared Collateral realized therefrom shall be applied pursuant to Section 2.01. 

Section 2.06. Reinstatement. In the event that any of the First Lien Obligations shall be paid in full and such payment or any
part thereof shall subsequently, for whatever reason (including an order or judgment for disgorgement or avoidance of a preference, fraudulent transfer, or other avoidance action under the Bankruptcy Code, other applicable Bankruptcy Law, or any
similar law, or the settlement of any claim in respect thereof), be required to be returned or repaid, the terms and conditions of this Article II shall be fully applicable thereto until all such First Lien Obligations shall again have been paid in
full in cash. 

  
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 Section 2.07. Insurance. As between the First Lien Secured Parties, the
Applicable Collateral Agent (and in the case of the Additional First Lien Collateral Agent, acting at the direction of the Applicable Authorized Representative) shall have the right to adjust or settle any insurance policy or claim covering or
constituting Shared Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral. 

Section 2.08. Refinancings. The First Lien Obligations of any Series may be Refinanced, in whole or in part, in each case, without
notice to, or the consent (except to the extent a consent is otherwise required to permit the Refinancing transaction under any Secured Credit Document) of, any First Lien Secured Party of any other Series, all without affecting the priorities
provided for herein or the other provisions hereof; provided that the Authorized Representative and Collateral Agent of the holders of any such Refinancing indebtedness shall have executed a Joinder Agreement on behalf of the holders of such
Refinancing indebtedness. 
 Section 2.09. Possessory Collateral Agent as Gratuitous Bailee for Perfection. 

(a) The Possessory Collateral shall be delivered to the Applicable Collateral Agent and the Applicable Collateral Agent agrees to hold any
Shared Collateral constituting Possessory Collateral that is part of the Shared Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the benefit of each other First Lien Secured
Party and any assignee solely for the purpose of perfecting the security interest granted in such Possessory Collateral, if any, pursuant to the applicable First Lien Security Documents, in each case, subject to the terms and conditions of this
Section 2.09; provided that at any time a Collateral Agent ceases to be the Applicable Collateral Agent, such former Applicable Collateral Agent shall, at the request of the new Applicable Collateral Agent, promptly deliver all such Possessory
Collateral to the new Applicable Collateral Agent together with any necessary endorsements (or otherwise allow such new Applicable Collateral Agent to obtain control of such Possessory Collateral). If any Applicable Collateral Agent or Applicable
Authorized Representative shall at any time obtain any landlord waiver or bailee’s letter or any similar agreement or arrangement granting it rights or access to Shared Collateral, the Applicable Collateral Agent and Applicable Authorized
Representative shall also hold such Shared Collateral, or take such actions, at the expense of the Grantors, with respect to such landlord waiver, bailee’s letter or similar agreement or arrangement, as agent or gratuitous bailee for the other
First Lien Secured Parties, in each case solely for the purpose of perfecting the Liens granted under the relevant First Lien Security Documents. The Company shall take such further action as is required to effectuate the transfer contemplated
hereby and shall indemnify each Collateral Agent for loss or damage suffered by such Collateral Agent as a result of such transfer except for loss or damage suffered by such Collateral Agent as a result of its own willful misconduct or gross
negligence as determined by a court of competent jurisdiction in a final and nonappealable judgment. 
 (b) The Applicable Collateral Agent
agrees to hold any Shared Collateral constituting Possessory Collateral, from time to time in its possession, as gratuitous bailee for the benefit of each other First Lien Secured Party and any assignee, solely for the purpose of perfecting the
security interest granted in such Possessory Collateral, if any, pursuant to the applicable First Lien Security Documents, in each case, subject to the terms and conditions of this Section 2.09. 

  
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 (c) The duties or responsibilities of each Collateral Agent under this Section 2.09
shall be limited solely to holding any Shared Collateral constituting Possessory Collateral as gratuitous bailee for the benefit of each other First Lien Secured Party for purposes of perfecting the Lien held by such First Lien Secured Parties
thereon. 
 Section 2.10. Amendments to Security Documents. 

(a) Without the prior written consent of the Credit Agreement Collateral Agent, each Additional First Lien Secured Party agrees that no
Additional First Lien Security Document may be amended, supplemented or otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new Additional First Lien Security Document, would be prohibited
by, or would require any Grantor to act or refrain from acting in a manner that would violate, any of the terms of this Agreement. 
 (b)
Without the prior written consent of the Additional First Lien Collateral Agent, the Credit Agreement Collateral Agent agrees that no Credit Agreement Collateral Document may be amended, supplemented or otherwise modified or entered into to the
extent such amendment, supplement or modification, or the terms of any new Credit Agreement Collateral Document, would be prohibited by, or would require any Grantor to act or refrain from acting in a manner that would violate, any of the terms of
this Agreement. 
 (c) In making determinations required by this Section 2.10, each Collateral Agent may conclusively rely on an
officer’s certificate of the Company, and in the case of the Initial Additional First Lien Collateral Agent, an opinion of counsel, if so requested by the Initial Additional First Lien Collateral Agent. 

Section 2.11 No New Liens 

The parties hereto, and each of the Grantors, agree that, so long as the Discharge of Credit Agreement Obligations has not occurred, other than
cash collateral granted to secure the Credit Agreement Obligations in accordance with the terms of any Loan Document, none of the Grantors shall grant or permit any additional Liens on any asset or property of any Grantor to secure any Credit
Agreement Obligation or Additional First Lien Obligation unless it has granted, or concurrently therewith grants, or permits the grant of, a Lien on such asset or property of such Grantor to secure each other Series of First Lien Obligations. If any
Authorized Representative or any First Lien Secured Party shall hold any Lien on any assets or property of any Grantor securing any Credit Agreement Obligation or Additional First Lien Obligation, as applicable, other than cash collateral granted to
secure the First Lien Obligations in accordance with the terms of any Secured Credit Document, that are not also subject to Liens securing all other First Lien Obligations under the applicable First Lien Security Documents (the “Undersecured
Obligations”), subject to Section 1.03, (A) such Authorized Representative or First Lien Secured Party shall be deemed to hold and have held such Lien for the benefit of each Authorized Representative and the other First Lien Secured
Parties in respect of Undersecured Obligations as security for such Person’s First Lien Obligations and (B) the Grantors shall notify the Authorized Representative for the Undersecured Obligations promptly upon becoming aware of any
Undersecured Obligations and shall promptly grant a similar Lien with the same priority on such assets or property to each Authorized Representative as security for the applicable First Lien Obligations. 

  
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 ARTICLE III 

EXISTENCE AND AMOUNTS OF LIENS AND OBLIGATIONS 

Section 3.01. Determinations with Respect to Amounts of Liens and Obligations. 

Whenever a Collateral Agent or any Authorized Representative shall be required, in connection with the exercise of its rights or the
performance of its obligations hereunder, to determine the existence or amount of any First Lien Obligations of any Series, or the Shared Collateral subject to any Lien securing the First Lien Obligations of any Series, it may request that such
information be furnished to it in writing by each other Authorized Representative or Collateral Agent and shall be entitled to make such determination or not make any determination on the basis of the information so furnished; provided, however,
that if an Authorized Representative or a Collateral Agent shall fail or refuse reasonably promptly to provide the requested information, the requesting Collateral Agent or Authorized Representative shall be entitled to make any such determination
by such method as it may, in the exercise of its good faith judgment, determine, including by reliance upon an officer’s certificate of the Company. Each Collateral Agent and each Authorized Representative may rely conclusively, and shall be
fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to any Grantor, any First Lien
Secured Party or any other Person as a result of such determination. 
 ARTICLE IV 

THE APPLICABLE COLLATERAL AGENT 

Section 4.01. Authority. 

(a) Notwithstanding any other provision of this Agreement, nothing herein shall be construed to impose any fiduciary or other duty on any
Applicable Collateral Agent to any Non-Controlling Secured Party or give any Non-Controlling Secured Party the right to direct any Applicable Collateral Agent, except
that each Applicable Collateral Agent shall be obligated to distribute proceeds of any Shared Collateral in accordance with Section 2.01. 

(b) In furtherance of the foregoing, each Non-Controlling Secured Party acknowledges and agrees that
the Applicable Collateral Agent shall be entitled, for the benefit of the First Lien Secured Parties, to sell, transfer or otherwise dispose of or deal with any Shared Collateral as provided herein and in the First Lien Security Documents, as
applicable, pursuant to which the Applicable Collateral Agent is the collateral agent for such Shared Collateral, without regard to any rights to which the Non-Controlling Secured Parties would otherwise be
entitled as a result of the First Lien Obligations held by such Non-Controlling Secured Parties. Without limiting the foregoing, each Non-Controlling Secured Party
agrees that none of the Applicable Collateral Agent, the Applicable Authorized Representative or any other First Lien Secured Party shall have any duty or obligation first to marshal or realize upon any type of Shared Collateral (or any other

  
 18 

 
Collateral securing any of the First Lien Obligations), or to sell, dispose of or otherwise liquidate all or any portion of such Shared Collateral (or any other Collateral securing any First Lien
Obligations), in any manner that would maximize the return to the Non-Controlling Secured Parties, notwithstanding that the order and timing of any such realization, sale, disposition or liquidation may affect
the amount of proceeds actually received by the Non-Controlling Secured Parties from such realization, sale, disposition or liquidation. Each of the First Lien Secured Parties waives any claim it may now or
hereafter have against any Collateral Agent or the Authorized Representative of any other Series of First Lien Obligations or any other First Lien Secured Party of any other Series arising out of (i) any actions which any Collateral Agent,
Authorized Representative or the First Lien Secured Parties take or omit to take (including actions with respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to the foreclosure upon, sale, release or
depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the collection of any claim for all or any part of the First Lien Obligations from any account debtor, guarantor or any other party) in accordance with
the First Lien Security Documents or any other agreement related thereto or to the collection of the First Lien Obligations or the valuation, use, protection or release of any security for the First Lien Obligations, (ii) any election by any
Applicable Authorized Representative or any holders of First Lien Obligations, in any Insolvency or Liquidation Proceeding, of the application of Section 1111(b) of the Bankruptcy Code or any equivalent provision of any other Bankruptcy Law or
(iii) subject to Section 2.05, any borrowing by, or grant of a security interest or administrative expense priority under Section 364 of the Bankruptcy Code or any equivalent provision of any other Bankruptcy Law, the Company or any
of its Subsidiaries, as debtor-in-possession. Notwithstanding any other provision of this Agreement, the Applicable Collateral Agent shall not accept any Shared
Collateral in full or partial satisfaction of any First Lien Obligations pursuant to Section 9-620 of the Uniform Commercial Code of any jurisdiction, without the consent of each Authorized Representative
representing holders of First Lien Obligations for which such Collateral constitutes Shared Collateral. 
 Section 4.02. Exculpatory
Provisions. The Applicable Collateral Agent shall not have any duties or obligations to any First Lien Secured Party except those expressly set forth herein and in the Secured Credit Documents for such Series for which the Applicable Collateral
Agent is the Authorized Representative. Without limiting the generality of the foregoing, the Applicable Collateral Agent: 
 (a) shall not
be subject to any fiduciary or other implied duties, regardless of whether an Event of Default has occurred and is continuing; 
 (b) shall
not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby; provided that the Applicable Collateral Agent shall not be required to take any
action that, in its opinion or the opinion of its counsel, may expose the Applicable Collateral Agent to liability or that is contrary to this Agreement or applicable law; 

(c) shall not, except as expressly set forth herein, have any duty to disclose, and shall not be liable for the failure to disclose, any
information relating to a Grantor or any of its Affiliates that is communicated to or obtained by the Person serving as the Applicable Collateral Agent or any of its Affiliates in any capacity; 

  
 19 

 (d) shall not, except as expressly set forth herein, be liable for any action taken or not
taken by it (1) in the absence of its own gross negligence or willful misconduct, as determined by a court of competent jurisdiction or (2) in reliance on an officer’s certificate of the Company stating that such action is permitted
by the terms of this Agreement (which certificate Company may issue and deliver, or decline to issue or deliver, in its sole discretion). The Applicable Collateral Agent shall be deemed not to have knowledge of any Event of Default under any Series
of First Lien Obligations unless and until written notice describing such Event of Default and referencing the applicable First Lien Debt Documents is received by the Applicable Collateral Agent; 

(e) shall not be responsible for or have any duty to ascertain or inquire into (1) any statement, warranty or representation made in or in
connection with this Agreement or any other First Lien Security Document, (2) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (3) the performance or
observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of Default, (4) the validity, enforceability, effectiveness or genuineness of this Agreement, any
other First Lien Security Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the First Lien Security Documents, (5) the value or the sufficiency of any
Collateral for any Series of First Lien Obligations, or (6) the satisfaction of any condition set forth in any First Lien Debt Document, other than to confirm receipt of items expressly required to be delivered to the Applicable Collateral
Agent; and 
 (f) need not segregate money held hereunder from other funds except to the extent required by law and shall be under no
liability for interest on any money received by it hereunder except as otherwise agreed in writing. 
 ARTICLE V MISCELLANEOUS 

Section 5.01. Notices. All notices and other communications provided for herein shall be in writing and shall be delivered by hand
or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 
 (a) if to the Credit Agreement
Collateral Agent or the First Lien Administrative Agent, to it at: 
 Jefferies Finance LLC 

520 Madison Avenue 
 New York, New
York 10022 
 Attention: Account Officer – Sotera 

Facsimile: (212) 284-3444 

With a copy to: 
 Milbank LLP

 55 Hudson Yards 
 New York,
NY 10001 
 Attention: Michael Bellucci 

Facsimile: (212) 822-5410; 

  
 20 

 (b) if to the Initial Additional First Lien Collateral Agent or the Initial Additional
Authorized Representative, to it at: 
 Wilmington Trust, National Association 

1100 North Market Street 

Wilmington, Delaware 19890 

Attention: Sotera Health Holdings, LLC Administrator 

Facsimile: (302) 636-4145; 

With a copy to: 

Shipman & Goodwin LLP 

One Constitution Plaza 
 Hartford,
CT 06103 
 Attention: Marie C. Pollio 

Facsimile: (860) 251-5212 

(c) if to any other Additional Authorized Representative, to it at the address set forth in the applicable Joinder Agreement; and 

(d) if to Holdings, the Company or any of the Grantors, to the applicable party at 

c/o Sotera Health Holdings, LLC 

9100 South Hills Blvd, Suite 300 

Broadview Heights, OH 44147 

Attention: Scott Leffler 
 With a
copy to: 
 Sotera Health LLC 

9100 South Hills Blvd, Suite 300 

Broadview Heights, OH 44147 

Attention: Matthew Klaben 

Cleary Gottlieb Steen & Hamilton LLP 

One Liberty Plaza 
 New York, NY
10006 
 Attention: Katherine Reaves 

Facsimile: (212) 225-3999. 

  
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 Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and
other communications sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day
for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below shall be effective as provided in such subsection (b). 

Section 5.02. Waivers; Amendment; Joinder Agreements. 

(a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and
remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be
effective unless the same shall be permitted by Section 5.01(b), and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any party hereto in any case shall
entitle such party to any other or further notice or demand in similar or other circumstances. 
 (b) Neither this Agreement nor any
provision hereof may be terminated, waived, amended or modified (other than pursuant to any Joinder Agreement) except pursuant to an agreement or agreements in writing entered into by each Authorized Representative and each Collateral Agent (and
with respect to any such termination, waiver, amendment or modification which by the terms of this Agreement requires the Company’s consent or which adversely affects the Company or any other Grantor, with the consent of the Company). 

(c) Notwithstanding the foregoing, without the consent of any First Lien Secured Party, any Authorized Representative and Collateral Agent may
become a party hereto by execution and delivery of a Joinder Agreement in accordance with Section 5.13 and upon such execution and delivery, such Authorized Representative and Collateral Agent and the Additional First Lien Secured Parties and
Additional First Lien Obligations of the Series for which such Authorized Representative and Collateral Agent is acting shall be subject to the terms hereof and the terms of the Additional First Lien Security Documents applicable thereto. 

(d) Notwithstanding the foregoing, without the consent of any other Authorized Representative or First Lien Secured Party, the Collateral
Agents may, at the expense of the Grantors, effect amendments and modifications to this Agreement to the extent necessary to reflect any incurrence of any Additional First Lien Obligations in compliance with the Credit Agreement and the other
Secured Credit Documents. 
 Section 5.03. Parties in Interest. This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns, as well as the other First Lien Secured Parties, all of which are intended to be bound by, and to be third party beneficiaries of, this Agreement. 

  
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 Section 5.04. Survival of Agreement. All covenants, agreements, representations
and warranties made by any party in this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 

Section 5.05. Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of
separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile or other electronic transmission shall be as
effective as delivery of a manually executed counterpart hereof. 
 Section 5.06. Severability. Any provision of this Agreement
held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the
remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 5.07. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF
NEW YORK. 
 Section 5.08. Submission to Jurisdiction Waivers; Consent to Service of Process. Each party hereto, on behalf of
itself and, as applicable, the First Lien Secured Parties of the Series for which it is acting, irrevocably and unconditionally: 
 (a)
submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from
any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any
such action or proceeding shall be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or the Secured Credit Documents shall affect any right that any Representative may otherwise have to bring any
action or proceeding relating to any Secured Credit Document against any Grantor or its respective properties in the courts of any jurisdiction; 

(b) waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue
of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph (a) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense
of an inconvenient forum to the maintenance of such action or proceeding in any such court; 
 (c) agrees that service of process in any such
action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Authorized Representative) at the address set forth in
Section 5.01; 

  
 23 

 (d) as it relates to any Grantor, such Grantor designates, appoints and empowers the Company
as its designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of its property, service of any and all legal process, summons, notices and documents that may be served in any such action or proceeding
and the Company hereby accepts such designation and appointment; and 
 (e) waives, to the maximum extent not prohibited by law, any right it
may have to claim or recover in any legal action or proceeding referred to in this Section 5.08 any special, exemplary, punitive or consequential damages. 

Section 5.09. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO ANY SECURED CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 5.09. 

Section 5.10. Headings. Article, Section and Annex headings used herein are for convenience of reference only, are not part of
this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

Section 5.11. Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions
of any of the First Lien Security Documents or any of the other Secured Credit Documents, the provisions of this Agreement shall control. 

Section 5.12. 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 First Lien Secured Parties in relation to one another. None of the Company, any other Grantor or any creditor thereof shall have any rights or obligations hereunder, except as expressly provided in this
Agreement, and none of the Company or any other Grantor may rely on the terms hereof (other than Sections 2.04, 2.05, 2.09, 5.02(b), 5.03 and 5.12). Notwithstanding anything in this Agreement to the contrary (other than Sections 2.04, 2.05, 2.09,
5.02(b), 5.03 and 5.12), nothing in this Agreement is intended to or will amend, waive or otherwise modify the provisions of the Credit Agreement, any other First Lien Security Document, or permit the Company or any Grantor to take any action, or
fail to take any action, to the extent such action or failure would otherwise constitute a breach of, or default under, the Credit Agreement or any other First Lien Security Document or obligate the Company or any Grantor to take any action, or fail
to take any action, that would otherwise constitute a breach of, or default under, the Credit Agreement or any other First Lien Security Document. Nothing in this Agreement is intended to or shall impair the obligations of any Grantor, which are
absolute and unconditional, to pay the First Lien Obligations as and when the same shall become due and payable in accordance with their terms. 

  
 24 

 Section 5.13. Additional Senior Debt. To the extent, but only to the extent,
permitted by the provisions of the then-existing Credit Agreement and the Additional First Lien Documents, the Company may incur additional indebtedness after the date hereof that is permitted by the Credit Agreement and the Additional First Lien
Documents to be incurred and secured on an equal and ratable basis by the Liens securing the First Lien Obligations (such indebtedness referred to as “Additional Senior Class Debt”). Any such Additional Senior
Class Debt may be secured by a Lien and may be Guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Additional First Lien Documents, if and subject to the condition that the Authorized Representative of any such
Additional Senior Class Debt (each, an “Additional Senior Class Debt Representative”), and the collateral agent, collateral trustee or similar representative for the holders of such Additional Senior
Class Debt (each, an “Additional Senior Class Debt Collateral Agent” and, together with the Additional Senior Class Debt Representative, the “Additional Senior Class Debt
Parties”), in each case, acting on behalf of the holders of such Additional Senior Class Debt becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iv) of the immediately succeeding
paragraph. 
 In order for an Additional Senior Class Debt Representative and the related Additional Senior Class Debt Collateral
Agent to become a party to this Agreement, 
 (i) such Additional Senior Class Debt Representative and Additional Senior
Class Debt Collateral Agent and each Grantor shall have executed and delivered a Joinder Agreement substantially in the form of Annex II (with such changes as may be reasonably approved by the Authorized Representatives and such Additional
Senior Class Debt Representative) and provided a copy of such executed Joinder Agreement to each Authorized Representative pursuant to which such Additional Senior Class Debt Representative becomes an “Authorized
Representative” hereunder, such Additional Senior Class Debt Collateral Agent becomes a “Collateral Agent” hereunder and the Additional Senior Class Debt in respect of which such Additional Senior Class Debt
Representative is the Authorized Representative and the related Additional Senior Class Debt Parties become subject hereto and bound hereby; 

(ii) the Company shall have (x) delivered to each Authorized Representative true and complete copies of each of the
Additional First Lien Documents relating to such Additional Senior Class Debt, certified as being true and correct by a Responsible Officer of the Company, and (y) identified in a certificate of an authorized officer the obligations to be
designated as Additional First Lien Obligations and the initial aggregate principal amount or face amount thereof and stating that such obligations are permitted to be incurred and secured on a pari passu basis with the Liens securing the
then-existing First Lien Obligations and by the terms of the then-existing Secured Credit Documents; 

  
 25 

 (iii) all filings, recordations or amendments or supplements to the First
Lien Security Documents necessary or desirable in the reasonable judgment of such Additional Senior Class Debt Representative to confirm and perfect the Liens securing the relevant obligations relating to such Additional Senior Class Debt
shall have been made, executed or delivered (or, with respect to any such filings or recordations, acceptable provisions to perform such filings or recordations shall have been taken in the reasonable judgment of such Additional Senior
Class Debt Representative), and all fees and taxes in connection therewith shall have been paid (or acceptable provisions to make such payments shall have been taken in the reasonable judgment of such Additional Senior Class Debt
Representative); and 
 (iv) the Additional First Lien Documents, as applicable, relating to such Additional Senior
Class Debt shall provide, in a manner reasonably satisfactory to each Collateral Agent, that each Additional Senior Class Debt Party with respect to such Additional Senior Class Debt will be subject to and bound by the provisions of
this Agreement in its capacity as a holder of such Additional Senior Class Debt. 
 Section 5.14. Agent Capacities. Except
as expressly provided herein or in the Credit Agreement Collateral Documents, Jefferies is acting in the capacities of First Lien Administrative Agent and Credit Agreement Collateral Agent solely for the Credit Agreement Secured Parties. Except as
expressly provided herein or in the Additional First Lien Security Documents, Wilmington Trust, National Association is acting in the capacity of Initial Additional First Lien Collateral Agent and Initial Additional Authorized Representative solely
for the Initial Additional First Lien Secured Parties. Except as expressly set forth herein, each of the First Lien Administrative Agent, the Credit Agreement Collateral Agent, the Additional First Lien Collateral Agent and the Initial Additional
Authorized Representative shall be entitled to all of the rights, privileges, immunities and indemnities under the applicable Secured Credit Documents and shall not have any duties or obligations in respect of any of the Collateral, all of such
duties and obligations, if any, being subject to and governed by the applicable Secured Credit Documents. 
 Section 5.15.
Integration. This Agreement together with the other Secured Credit Documents and the First Lien Security Documents represents the agreement of each of the Grantors and the First Lien Secured Parties with respect to the subject matter hereof
and there are no promises, undertakings, representations or warranties by any Grantor, the Credit Agreement Collateral Agent or any other First Lien Secured Party relative to the subject matter hereof not expressly set forth or referred to herein or
in the other Secured Credit Documents or the First Lien Security Documents. 
 SECTION 5.16 Additional Grantors. Each of Holdings and
the Company agrees that, if any Subsidiary or other Person shall become a Grantor after the date hereof, it will promptly cause such Subsidiary or other Person to become party hereto by executing and delivering an instrument in the form of Annex I.
Upon such execution and delivery, such Subsidiary or other Person will become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of such instrument shall not require the consent
of any other party hereunder, and will be acknowledged by the Applicable Authorized Representative and the Applicable Collateral Agent. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the
addition of any new Grantor as a party to this Agreement. 
 [Remainder of page intentionally left blank.] 

 

  
 26 

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

			
	JEFFERIES FINANCE LLC,
	as Credit Agreement Collateral Agent
		
	By:	 	 /s/ Paul Chisholm

	Name:	 	Paul Chisholm
	Title:	 	Managing Director
	
	JEFFERIES FINANCE LLC,
	as Authorized Representative for the Credit Agreement Secured Parties
		
	By:	 	 /s/ Paul Chisholm

	Name:	 	Paul Chisholm
	Title:	 	Managing Director

  
 [Signature Page to the
Pari Passu Intercreditor Agreement] 

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	solely in its capacity as Initial Additional First Lien Notes Collateral Agent
		
	By:	 	 /s/ W. Thomas Morris II

	Name:	 	W. Thomas Morris II
	Title:	 	Vice President
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	solely in its capacity as Initial Additional Authorized Representative
		
	By:	 	 /s/ W. Thomas Morris II

	Name:	 	W. Thomas Morris II
	Title:	 	Vice President

  
 [Signature Page to the
Pari Passu Intercreditor Agreement] 

 
			
	SOTERA HEALTH TOPCO, INC.,
	as Holdings
		
	By:	 	 /s/ Scott. J. Leffler

	Name:	 	Scott J. Leffler
	Title:	 	Chief Financial Officer & Treasurer
	
	SOTERA HEALTH HOLDINGS, LLC,
	as the Company
		
	By:	 	 /s/ Scott. J. Leffler

	Name:	 	Scott J. Leffler
	Title:	 	Chief Financial Officer & Treasurer
	
	NELSON LABORATORIES, LLC
	
	SOTERA HEALTH LLC
	
	STERIGENICS U.S., LLC
	
	 SOTERA HEALTH SERVICES, LLC,
  

each as a Guarantor

		
	By:	 	 /s/ Scott. J. Leffler

	Name:	 	Scott J. Leffler
	Title:	 	Chief Financial Officer & Treasurer

  
 [Signature Page to the
Pari Passu Intercreditor Agreement] 

 
			
	STERIGENICS RADIATION TECHNOLOGIES HOLDINGS, LLC, 
	as a Guarantor
		
	By:	 	 /s/ Matthew D. Shimkus

	Name:	 	Matthew D. Shimkus
	Title:	 	Vice President, Treasurer and Secretary

  
 [Signature Page to the
Pari Passu Intercreditor Agreement] 

 
			
	STERIGENICS RADIATION TECHNOLOGIES, LLC, 
	as a Guarantor
		
	By:	 	 /s/ Matthew D. Shimkus

	Name:	 	Matthew D. Shimkus
	Title:	 	Vice President, Treasurer and Secretary

  
 [Signature Page to the
Pari Passu Intercreditor Agreement] 

 
			
	 NELSON LABORATORIES

HOLDINGS, LLC, as a Guarantor

		
	By:	 	 /s/ Bruce T. Krarup

	Name:	 	Bruce T. Krarup
	Title:	 	Vice President, Treasurer and Secretary

  
 [Signature Page to the
Pari Passu Intercreditor Agreement] 

 
			
	NELSON LABORATORIES FAIRFIELD HOLDINGS, LLC, 
	as a Guarantor
		
	By:	 	 /s/ Bruce T. Krarup

	Name:	 	Bruce T. Krarup
	Title:	 	Vice President, Treasurer and Secretary

  
 [Signature Page to the
Pari Passu Intercreditor Agreement] 

 
			
	IOTRON INDUSTRIES USA INC., 
	as a Guarantor
		
	By:	 	 /s/ Matthew D. Shikmus

	Name:	 	Matthew D. Shikmus
	Title:	 	Vice President, Treasurer and Secretary

  
 [Signature Page to the
Pari Passu Intercreditor Agreement]EX-10.26

 Exhibit 10.26 

 
  

FIRST LIEN COLLATERAL AGREEMENT 

dated as of 
 July 31, 2020,

 among 
 SOTERA HEALTH TOPCO,
INC., 
 as Holdings, 
 SOTERA
HEALTH HOLDINGS, LLC, 
 as Issuer, 

THE OTHER GRANTORS PARTY HERETO, 

and 
 WILMINGTON TRUST, NATIONAL
ASSOCIATION, 
 as First Lien Notes Collateral Agent 
  

 

 TABLE OF CONTENTS 

ARTICLE I 
 DEFINITIONS 

 

							
	 SECTION 1.01.
	 	Defined Terms	  	 	1	 
	 SECTION 1.02.
	 	Other Defined Terms	  	 	1	 
	
	ARTICLE II	  

	
	PLEDGE OF SECURITIES	  

			
	 SECTION 2.01.
	 	Pledge	  	 	4	 
	 SECTION 2.02.
	 	Delivery of the Pledged Collateral	  	 	5	 
	 SECTION 2.03.
	 	Representations, Warranties and Covenants	  	 	6	 
	 SECTION 2.04.
	 	Registration in Nominee Name; Denominations	  	 	7	 
	 SECTION 2.05.
	 	Voting Rights; Dividends and Interest	  	 	8	 
	 SECTION 2.06.
	 	Article 8 Opt-In	  	 	10	 
	
	ARTICLE III	  

	
	SECURITY INTERESTS IN PERSONAL PROPERTY	  

			
	 SECTION 3.01.
	 	Security Interest	  	 	10	 
	 SECTION 3.02.
	 	Representations and Warranties	  	 	12	 
	 SECTION 3.03.
	 	Covenants	  	 	14	 
	 SECTION 3.04.
	 	Other Actions	  	 	16	 
	 SECTION 3.05.
	 	Covenants Regarding Patent, Trademark and Copyright Collateral	  	 	16	 
	
	ARTICLE IV	  

	
	REMEDIES	  

			
	 SECTION 4.01.
	 	Remedies upon Default	  	 	17	 
	 SECTION 4.02.
	 	Securities Act	  	 	19	 
	 SECTION 4.03.
	 	Grant of License to Use Intellectual Property	  	 	20	 
	
	ARTICLE V	  

	
	MISCELLANEOUS	  

			
	 SECTION 5.01.
	 	Notices	  	 	20	 
	 SECTION 5.02.
	 	Waivers; Amendment	  	 	21	 
	 SECTION 5.03.
	 	First Lien Notes Collateral Agent’s Fees and Expenses; Indemnification	  	 	21	 
	 SECTION 5.04.
	 	Successors and Assigns	  	 	22	 
	 SECTION 5.05.
	 	Survival of Agreement	  	 	22	 

  
 -i- 

							
	 SECTION 5.06.
	 	Counterparts; Effectiveness; Several Agreement	  	 	23	 
	 SECTION 5.07.
	 	Severability	  	 	23	 
	 SECTION 5.08.
	 	Right of Set-off	  	 	23	 
	 SECTION 5.09.
	 	Governing Law; Jurisdiction; Consent to Service of Process; Appointment of Service of Process Agent	  	 	24	 
	 SECTION 5.10.
	 	WAIVER OF JURY TRIAL	  	 	24	 
	 SECTION 5.11.
	 	Headings	  	 	25	 
	 SECTION 5.12.
	 	Security Interest Absolute	  	 	25	 
	 SECTION 5.13.
	 	Termination or Release	  	 	25	 
	 SECTION 5.14.
	 	Additional Subsidiaries	  	 	25	 
	 SECTION 5.15.
	 	Collateral Agent Appointed Attorney-in-Fact	  	 	26	 

  
 -ii- 

 Schedules 
  

			
	 Schedule I
	  	 Grantors

	 Schedule II
	  	 Pledged Equity Interests; Pledged Debt Securities

	 Schedule III
	  	 Intellectual Property

	 Schedule IV
	  	 Commercial Tort Claims

 Exhibits 
  

			
	 Exhibit I
	  	 Form of Grantor Supplement

	 Exhibit II
	  	 Form of Copyright Security Agreement

	 Exhibit III
	  	 Form of Patent Security Agreement

	 Exhibit IV
	  	 Form of Trademark Security Agreement

  
 -iii- 

 FIRST LIEN COLLATERAL AGREEMENT dated as of July 31, 2020 (as amended, restated,
supplemented or otherwise modified from time to time, this “Agreement”) among SOTERA HEALTH HOLDINGS, LLC, a Delaware limited company (the “Issuer”), the other GRANTORS from time to time party hereto, SOTERA HEALTH
TOPCO, INC., a Delaware corporation (“Holdings”), and WILIMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association (“Wilmington Trust”), solely in its capacity as “First Lien Notes Collateral
Agent” under the Indenture (in such capacity, the “First Lien Notes Collateral Agent”). 
 Reference is made to the
Indenture dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Indenture”) among Holdings, the Issuer, the Guarantors named therein and Wilmington Trust, as Trustee and the
First Lien Notes Collateral Agent, pursuant to which the Issuer has agreed to issue the Senior Secured First Lien Floating Rate Notes due 2026 (the “Notes”). 

WHEREAS, each Grantor will derive substantial direct and indirect benefit from the issuance of the Notes by the Issuer pursuant to the
Indenture. 
 WHEREAS, in order to secure the payment of all principal of and interest and premium, if any, on the Notes, and the payment
and performance of all other Notes Obligations under the Notes Documents and all of the Grantors’ obligations and liabilities hereunder and in connection herewith, each Grantor is willing to execute and deliver this Agreement. 

NOW, THEREFORE, the parties hereto agree as follows: 

ARTICLE I 
 Definitions 

SECTION 1.01. Defined Terms. (a) Each capitalized term used but not defined herein shall have the meaning assigned thereto in the
Indenture; provided that each term defined in the New York UCC (as defined herein) and not defined in this Agreement or the Indenture shall have the meaning specified in the New York UCC. The term “instrument” shall have the meaning
specified in Article 9 of the New York UCC. 
 (b) The rules of construction specified in Sections 1.03 and 1.04 of the Indenture
also apply to this Agreement, mutatis mutandis. 
 SECTION 1.02. Other Defined Terms. As used in this
Agreement, the following terms have the meanings specified below: 
 “Account Debtor” means any Person that is or may become
obligated to any Grantor under, with respect to or on account of an Account, Chattel Paper or General Intangible. 

“Agreement” has the meaning assigned to such term in the preamble to this Agreement. 

 “Agreement States” means those states that have entered into Agreements for
Co-operation with the U.S. Nuclear Regulatory Commission (the “NRC”) pursuant to Section 274b of the Atomic Energy Act of 1954, as amended, 42 U.S.C. § 2011 et seq. (the
“AEA”). The authority that each Agreement State has been delegated under AEA Section 274b is its Agreement State Authority (“Agreement State Authority”). 

“Applicable Nuclear Laws” means the AEA , and any related rules, regulations or administrative decisions of the NRC,
including authority exercised by the Agreement States, pursuant to Agreement State Authority, in each case, to the extent concerning (i) the transfer of direct or indirect ownership or control of a licensee subject to such laws; or
(ii) the ability to exercise direct or indirect control of a licensed activity under such laws, as applicable. 

“Article 9 Collateral” has the meaning assigned to such term in Section 3.01. 

“Collateral” means Article 9 Collateral and Pledged Collateral. 

“Copyright Security Agreement” means the short-form Copyright Security Agreement substantially in the form of Exhibit II
hereto. 
 “Copyright License” means any written agreement, now or hereafter in effect, granting to any Person any use
right under any Copyright now or hereafter owned by any other Person or that such other Person otherwise has the right to license, and all rights of any such Person under any such agreement. 

“Copyrights” means, with respect to any Person, all of the following now owned or hereafter acquired by such Person:
(a) all copyrights in any work subject to the copyright laws of the United States, whether as author, assignee, transferee or otherwise and (b) all registrations and applications for registration of any such copyrights in the United
States, including registrations, supplemental registrations and pending applications for registration in the United States Copyright Office, including, in the case of any Grantor, those set forth next to its name on Schedule III hereto. 

“Federal Securities Laws” has the meaning assigned to such term in Section 4.02. 

“First Lien Notes Collateral Agent” has the meaning assigned to such term in the preamble to this Agreement. 

“Grantor Supplement” means an instrument in the form of Exhibit I hereto, or any other form reasonably satisfactory to
the First Lien Notes Collateral Agent (and, prior to the Disposition Date, the Controlling Party). 
 “Grantors” means
(a) the Issuer, (b) Holdings, (c) each Subsidiary of the Issuer identified on Schedule I hereto and (d) each Intermediate Parent or other Subsidiary of Holdings that becomes a party to this Agreement as a Grantor on or after the
date hereof. 
 “Holdings” has the meaning assigned to such term in the preamble to this Agreement. 

“Indemnitee” has the meaning assigned to such term in Section 6.03(b). 

“Indenture” has the meaning assigned to such term in the recitals to this Agreement. 

  
 -2- 

 “Intellectual Property” means, with respect to any Person, all intellectual
property rights of every kind and nature, whether now or hereafter owned or licensed by any such Person, including such rights in inventions, Patents, Copyrights, Trademarks and Licenses, rights in trade secrets and
know-how, rights in domain names, rights in confidential or proprietary technical, business or other information, and rights in software and databases. 

“Issuer” has the meaning assigned to such term in the preamble to this Agreement. 

“License” means any Patent License, Trademark License or Copyright License. 

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

“Notes” has the meaning assigned to such term in the recitals to this Agreement. 

“Organizational Documents” means, with respect to any Person, the charter, articles or certificate of organization or
incorporation and bylaws or other organizational or governing documents of such Person. 
 “Patent License” means any
written agreement, now or hereafter in effect, granting to any Person any right to manufacture, use or sell any invention claimed in a Patent, now or hereafter owned by any other Person or that any other Person now or hereafter otherwise has the
right to license, and all rights of any such Person under any such agreement. 
 “Patent Security Agreement” means the
short-form Patent Security Agreement substantially in the form of Exhibit III hereto. 
 “Patents” means, with respect to
any Person, all of the following now owned or hereafter acquired by such Person: all letters patent of the United States and all registrations therefor and all applications for letters patent of the United States, including registrations and pending
applications in the United States Patent and Trademark Office, including those listed on Schedule III hereto. 
 “Pledged
Collateral” has the meaning assigned to such term in Section 2.01(e). 
 “Pledged Debt Securities” has the
meaning assigned to such term in Section 2.01(b). 
 “Pledged Equity Interests” has the meaning assigned to such term
in Section 2.01. 
 “Pledged Securities” means any promissory notes, stock certificates, unit certificates, limited or
unlimited liability membership certificates or other securities (to the extent certificated) now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged
Collateral. 
 “Security Interest” has the meaning assigned to such term in Section 3.01(a). 

  
 -3- 

 “Trademark License” means any written agreement, now or hereafter in
effect, granting to any Person any right to use any Trademark now or hereafter owned by any other Person or that any other Person otherwise has the right to license and all rights of any such Person under any such agreement. 

“Trademark Security Agreement” means the short-form Trademark Security Agreement substantially in the form of Exhibit IV
hereto. 
 “Trademarks” means, with respect to any Person, all of the following now owned or hereafter acquired by such
Person: (a) all trademarks, service marks, trade names, corporate names, company names, trade dress, logos and other similar source identifiers, in each case subject to the trademark laws of the United States now existing or hereafter adopted
or acquired, all registrations therefor, and all registrations and applications filed in connection therewith in the United States Patent and Trademark Office, including, in the case of any Grantor, any of the foregoing set forth next to its name on
Schedule III hereto and, (b) all goodwill associated with the use of and symbolized by the items in category (a) of this definition. 

“UCC” shall mean the New York UCC; provided, however, that, at any time, if by reason of mandatory provisions of law, any or
all of the perfection or priority of the First Lien Notes Collateral Agent’s and the Secured Parties’ security interest in any item or portion of the Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction
other than 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. 
 ARTICLE II 

Pledge of Securities 

SECTION 2.01. Pledge. As security for the payment or performance, as the case may be, in full of the Notes Obligations, each Grantor
hereby collaterally assigns and pledges to the First Lien Notes Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, and hereby grants to the First Lien Notes Collateral Agent, its successors and assigns, for the
benefit of the Secured Parties, a security interest in, all of such Grantor’s right, title and interest in, to and under: 
 (a)
(i) the Equity Interests owned by such Grantor on the date hereof, including those listed opposite the name of such Grantor on Schedule II hereto, (ii) any other Equity Interests obtained in the future by such Grantor and
(iii) the certificates or other instruments representing all such Equity Interests (if any) (collectively, the “Pledged Equity Interests”); provided that the Pledged Equity Interests shall not include any Excluded Equity
Interests; 
 (b) (i) the debt securities owned by such Grantor on the date hereof, including those listed opposite the name of such
Grantor on Schedule II hereto, (ii) any debt securities in the future issued to or otherwise acquired by such Grantor and (iii) the promissory notes and any other instruments evidencing all such debt securities (collectively, the
“Pledged Debt Securities”); provided that, such Pledged Debt Securities shall not include any Pledged Debt Securities constituting Excluded Assets; 

  
 -4- 

 (c) subject to Section 2.05, all payments of principal or interest, dividends, cash,
instruments and other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other Proceeds received in respect of, the securities referred to in clauses (a)
and (b) above; 
 (d) subject to Section 2.05, all rights and privileges of such Grantor with respect to the securities and other
property referred to in clauses (a), (b) and (c) above; and 
 (e) all Proceeds of any of the foregoing to the extent such
Proceeds would constitute property referred to in clauses (a) through (d) above (the items referred to in clauses (a) through (e) above being collectively referred to as the “Pledged Collateral”). 

Notwithstanding the foregoing, in no event shall the pledge under this Section 2.01 attach to any Excluded Asset. 

SECTION 2.02. Delivery of the Pledged Collateral. (a) Each Grantor agrees to deliver or cause to be delivered to the First Lien
Notes Collateral Agent (i) on the date such Grantor becomes party to this Agreement, any Pledged Securities owned by such Grantor on such date, and (ii) promptly (and in any event within 45 days after receipt by such Grantor or such longer
period agreed to in writing by (x) prior to the Disposition Date, the Controlling Party and (y) on or after the Disposition Date, the First Lien Notes Collateral Agent, in each such case, subject to and in accordance with
Section 4.14(c) of the Indenture, in the applicable Person’s reasonable discretion) after the acquisition thereof, any such Pledged Securities acquired by such Grantor after the date such Grantor becomes party to this Agreement. 

(b) Except as otherwise addressed in Section 3.03(b) herein, as promptly as practicable (and in any event within 45 days (or such longer
period agreed to in writing by (x) prior to the Disposition Date, the Controlling Party and (y) on or after the Disposition Date, the First Lien Notes Collateral Agent, in each such case, subject to and in accordance with
Section 4.14(c) of the Indenture, in the applicable Person’s reasonable discretion) after the later of (x) receipt thereof by such Grantor or (y) the date such Grantor becomes party to this Agreement (whether on the date hereof
or pursuant to Section 5.14)), each Grantor will cause any Indebtedness for borrowed money (including in respect of cash management arrangements) that is owed to such Grantor by any Person in a principal amount of $20,000,000 or more
individually to be evidenced by a duly executed promissory note that is pledged and delivered to the First Lien Notes Collateral Agent pursuant to the terms hereof. 

(c) Upon delivery to the First Lien Notes Collateral Agent, (i) Pledged Securities shall be accompanied by undated stock or note powers,
as applicable, duly executed in blank or other undated instruments of transfer duly executed in blank and by such other instruments and documents as may be necessary to perfect the First Lien Notes Collateral Agent’s interest in the Pledged
Securities or as the First Lien Notes Collateral Agent (and, prior to the Disposition Date, the Controlling Party) may reasonably request in accordance with Section 4.14(c) of the Indenture and (ii) all other property comprising part of
the Pledged Collateral shall be 

  
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accompanied by undated proper instruments of assignment duly executed in blank by the applicable Grantor and such other instruments and documents as may be necessary to perfect the First Lien
Notes Collateral Agent’s interest in the Pledged Securities or as the First Lien Notes Collateral Agent (and, prior to the Disposition Date, the Controlling Party) may reasonably request in accordance with Section 4.14(c) of the Indenture.
Each delivery of Pledged Securities shall be accompanied by a schedule describing such Pledged Securities, which schedule shall be deemed attached to, and shall supplement, Schedule II hereto and be made a part hereof; provided that
failure to provide any such schedule hereto shall not affect the validity of such pledge of such Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered. 

SECTION 2.03. Representations, Warranties and Covenants. The Grantors jointly and severally represent, warrant and covenant to and with
the First Lien Notes Collateral Agent, for the benefit of the Secured Parties, that: 
 (a) as of the date hereof, Schedule II hereto sets
forth a true and complete list, with respect to each Grantor, of (i) all the Pledged Equity Interests owned by such Grantor in the Issuer, any Intermediate Parent or any other Subsidiary and the percentage of the issued and outstanding units of
each class of the Equity Interests of the issuer thereof represented by the Pledged Equity Interests owned by such Grantor and (ii) all the Pledged Debt Securities owned by such Grantor; 

(b) the Pledged Equity Interests and the Pledged Debt Securities have been duly and validly authorized and issued by the issuers thereof and
(i) in the case of Pledged Equity Interests, are fully paid and nonassessable and (ii) in the case of Pledged Debt Securities, are legal, valid and binding obligations of the issuers thereof, except to the extent that enforceability of
such obligations may be limited by applicable bankruptcy, insolvency, and other similar laws affecting creditor’s rights generally; provided that the foregoing representations, insofar as they relate to the Pledged Collateral issued by a
Person other than Holdings, any Intermediate Parent, the Issuer or any Subsidiary, are made to the knowledge of the Grantors; 
 (c) except
for the security interests granted hereunder and under any other Notes Documents, each of the Grantors (i) is and, subject to any transfers made in compliance with the Indenture, will continue to be the direct owner, beneficially and of record,
of the Pledged Securities indicated on Schedule II hereto as owned by such Grantor, (ii) holds the same free and clear of all Liens, other than Liens permitted pursuant to Section 6.02 of the Indenture and transfers made in compliance with
the Indenture, (iii) will make no further assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or other Lien on, the Pledged Collateral, other than Liens permitted pursuant to Section 5.02
of the Indenture and transfers made in compliance with the Indenture, and (iv) will use commercially reasonable efforts to defend its title or interest thereto or therein against any and all Liens (other than the Liens created by this Agreement
and the other Notes Documents and Liens permitted pursuant to Section 5.02 of the Indenture), however arising, of all Persons whomsoever; 

(d) except for restrictions and limitations imposed or permitted by the Notes Documents, Applicable Nuclear Laws or securities laws generally,
the Pledged Equity Interests and, to the extent issued by Holdings, any Intermediate Parent, the Issuer or any Subsidiary, the Pledged Debt Securities are and will continue to be freely transferable and assignable, and none of

  
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the Pledged Equity Interests and, to the extent issued by Holdings, any Intermediate Parent, the Issuer or any Subsidiary, none of the Pledged Debt Securities are or will be subject to any
option, right of first refusal, shareholders agreement or Organizational Document provisions of any nature that might prohibit, impair, delay or otherwise affect in any manner adverse to the Secured Parties in any material respect the pledge of such
Pledged Collateral hereunder, the sale or disposition thereof pursuant hereto or the exercise by the First Lien Notes Collateral Agent of rights and remedies hereunder; 

(e) each of the Grantors has the power and authority to pledge the Pledged Collateral pledged by it hereunder in the manner hereby done or
contemplated; 
 (f) by virtue of the execution and delivery by the Grantors of this Agreement, when any Pledged Securities are delivered to
the First Lien Notes Collateral Agent in accordance with this Agreement, the First Lien Notes Collateral Agent will obtain a legal, valid and perfected lien upon and security interest in such Pledged Securities, free of any adverse claims, under the
New York UCC to the extent such lien and security interest may be created and perfected under the New York UCC, as security for the payment and performance of the Notes Obligations; and 

(g) subject to the terms of this Agreement and to the extent permitted by applicable law, each Grantor hereby agrees that upon the occurrence
and during the continuance of an Event of Default, it will comply with the instructions of the First Lien Notes Collateral Agent with respect to the Equity Interests in such Grantor that constitute Pledged Equity hereunder that are not certificated
without further consent by the applicable owner or holder of such Equity Interests. 
 SECTION 2.04. Registration in Nominee Name;
Denominations. If an Event of Default shall have occurred and is continuing and the First Lien Notes Collateral Agent shall have notified the Grantors in writing of its intent to exercise such rights, the First Lien Notes Collateral Agent, on
behalf of the Secured Parties, shall have the right (but not the obligation) (in its sole and absolute discretion) to hold the Pledged Securities in the name of the applicable Grantor, endorsed or assigned in blank or in favor of the First Lien
Notes Collateral Agent or in its own name as pledgee or in the name of its nominee (as pledgee or as sub-agent), and each Grantor will promptly give to the First Lien Notes Collateral Agent copies of any
notices or other communications received by it with respect to Pledged Securities registered in the name of such Grantor. Upon the occurrence and during the continuance of an Event of Default, the First Lien Notes Collateral Agent shall at all times
have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any reasonable purpose consistent with this Agreement. 

  
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 SECTION 2.05. Voting Rights; Dividends and Interest. (a) Unless and until an
Event of Default shall have occurred and is continuing and the First Lien Notes Collateral Agent shall have notified the Grantors in writing that their rights under this Section 2.05 are being suspended: 

(i) each Grantor shall be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner
of Pledged Securities or any part thereof for any purpose consistent with the terms of this Agreement, the Indenture and the other Notes Documents; provided that such rights and powers shall not be exercised in any manner that could
materially and adversely affect the rights inuring to a holder of any Pledged Securities or the rights and remedies of any of the First Lien Notes Collateral Agent, the Trustee or the other Secured Parties under this Agreement or any other Notes
Document or the ability of the Secured Parties to exercise the same, unless such exercise of rights and powers is in connection with an action permitted under the Indenture; 

(ii) the First Lien Notes Collateral Agent shall promptly execute and deliver to each Grantor, or cause to be promptly executed
and delivered to such Grantor, at such Grantor’s expense, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights
and powers it is entitled to exercise pursuant to paragraph (a)(i) of this Section 2.05; and 

(iii) each Grantor shall be entitled to receive and retain any and all dividends, interest, principal, premium and other
distributions paid on or distributed in respect of the Pledged Securities to the extent and only to the extent that such dividends, interest, principal, premium and other distributions are permitted by, and are otherwise paid or distributed in
accordance with, the terms and conditions of the Indenture, the other Notes Documents and applicable laws; provided that any noncash dividends, interest, principal, premium or other distributions that would constitute Pledged Equity Interests
or Pledged Debt Securities, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests in the issuer of any Pledged Securities or received in exchange for Pledged Securities or any part thereof, or in
redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the Pledged Collateral and, if received by any Grantor, shall be
held in trust for the benefit of the First Lien Notes Collateral Agent, the Trustee and the other Secured Parties and shall be forthwith delivered to the First Lien Notes Collateral Agent in the same form as so received (with any necessary
endorsements, stock or note powers and other instruments of transfer reasonably requested by the First Lien Notes Collateral Agent). So long as no Event of Default has occurred and is continuing, the First Lien Notes Collateral Agent shall promptly
deliver to each Grantor, at such Grantor’s expense, any Pledged Securities in its possession if requested in writing to be delivered to the issuer thereof in connection with any sale, transfer, disposition, exchange or redemption of such
Pledged Securities permitted by the Indenture in accordance with this Section 2.05(a)(iii), subject to receipt by the First Lien Notes Collateral Agent of an Officer’s Certificate of the Issuer with respect thereto and other documents
reasonably requested by the First Lien Notes Collateral Agent (and, prior to the Disposition Date, the Controlling Party). 
 (b) Upon the
occurrence and during the continuance of an Event of Default, after the First Lien Notes Collateral Agent shall have notified the Grantors of the suspension of their rights under paragraph (a)(iii) of this Section 2.05, all rights of any
Grantor to dividends, interest, principal, premium or other distributions that such Grantor is authorized to receive pursuant to paragraph (a)(iii) of this Section 2.05 shall cease, and all such rights shall thereupon become vested in the
First Lien Notes Collateral Agent, which shall have the sole and exclusive right and authority to receive and retain such dividends, interest, principal, premium or other 

  
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distributions; provided that, if and to the extent directed by the Trustee or the Controlling Party in accordance with the Indenture, the First Lien Notes Collateral Agent shall have the
right from time to time following the occurrence and during the continuance of an Event of Default to permit the Grantors to exercise such rights. All dividends, interest, principal, premium or other distributions received by any Grantor upon the
occurrence and during the continuance of an Event of Default contrary to the provisions of this Section 2.05 shall be held for the benefit of the First Lien Notes Collateral Agent and the other Secured Parties and shall be segregated from other
property or funds of such Grantor and shall be forthwith delivered to the First Lien Notes Collateral Agent upon demand in the same form as so received (with any necessary endorsements, stock or note powers and other instruments of transfer
reasonably requested by the First Lien Notes Collateral Agent). Any and all money and other property paid over to or received by the First Lien Notes Collateral Agent pursuant to the provisions of this paragraph (b) shall be retained by the
First Lien Notes Collateral Agent in an account to be established by the First Lien Notes Collateral Agent upon receipt of such money or other property and shall be distributed to the Trustee for further application in accordance with the provisions
of Section 6.13 of the Indenture. After all Events of Default have been cured or waived and the Issuer has delivered to the First Lien Notes Collateral Agent an Officer’s Certificate of the Issuer to that effect (and after payment of any
amounts due to the Trustee and the First Lien Notes Collateral Agent pursuant to the Indenture), the First Lien Notes Collateral Agent shall promptly repay to each Grantor (without interest) all dividends, interest, principal, premium or other
distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) of this Section 2.05 to the extent that any funds remain in such account. 

(c) Upon the occurrence and during the continuance of an Event of Default, after the First Lien Notes Collateral Agent shall have notified the
Grantors of the suspension of their rights under paragraph (a)(i) of this Section 2.05, all rights of any Grantor to exercise the voting and consensual rights and powers it is entitled to exercise pursuant to paragraph (a)(i) of this
Section 2.05, and the obligations of the First Lien Notes Collateral Agent under paragraph (a)(ii) of this Section 2.05, shall cease, and all such rights shall thereupon become vested in the First Lien Notes Collateral Agent, which
shall have the sole and exclusive right (but not the obligation) and authority to exercise such voting and consensual rights and powers; provided that, unless otherwise directed by the Trustee or the Controlling Party in accordance with the
Indenture, the First Lien Notes Collateral Agent shall have the right from time to time following and during the continuance of an Event of Default to permit the Grantors to exercise such rights. After all Events of Default have been cured or waived
and the Issuer has delivered to the First Lien Notes Collateral Agent an Officer’s Certificate of the Issuer to that effect, all rights vested in the First Lien Notes Collateral Agent pursuant to this paragraph (c) shall cease, and the
Grantors shall have the exclusive right to exercise the voting and consensual rights and powers they would otherwise be entitled to exercise pursuant to paragraph (a)(i) of this Section 2.05. 

(d) Any notice given by the First Lien Notes Collateral Agent to the Grantors, as applicable, suspending their rights under paragraph (a)
of this Section 2.05 (i) may be given by telephone if promptly confirmed in writing, (ii) may be given with respect to one or more of the Grantors at the same or different times and (iii) may suspend the rights of the Grantors under
paragraph (a)(i) or paragraph (a)(iii) in part without suspending all such rights (as specified by the First Lien Notes Collateral Agent as directed by the Trustee or the Controlling Party) and without waiving or otherwise affecting the First Lien
Notes Collateral Agent’s rights to give additional notices from time to time suspending other rights; provided that the First Lien Notes Collateral Agent shall only give any such notice if an Event of Default has occurred and is
continuing. 

  
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 SECTION 2.06. Article 8 Opt-In• . No
Grantor shall take any action to cause any membership interest, partnership interest, or other equity interest of any limited liability company or limited partnership owned or controlled by any Grantor comprising Collateral to be or become a
“security” within the meaning of, or to be governed by Article 8 of the UCC as in effect under the laws of any state having jurisdiction and shall not cause or permit any such limited liability company or limited partnership to “opt
in” or to take any other action seeking to establish any membership interest, partnership interest or other equity interest of such limited liability company or limited partnership comprising the Collateral as a “security” or to
become certificated, in each case, without delivering all certificates evidencing such interest to the First Lien Notes Collateral Agent in accordance with and as required by Section 2.02. 

ARTICLE III 
 Security Interests
in Personal Property 
 SECTION 3.01. Security Interest. (a) As security for the payment or performance, as the case may be,
in full of the Notes Obligations, each Grantor hereby grants to the First Lien Notes Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest (the “Security Interest”) in all of such
Grantor’s right, title and interest in, to and under any and all of the following assets now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or
interest, regardless of where located (collectively, the “Article 9 Collateral”): 
 (i)
all Accounts; 
 (ii) all Chattel Paper; 

(iii) all Deposit Accounts; 

(iv) all Documents; 

(v) all Equipment; 

(vi) all General Intangibles, including all Intellectual Property; 

(vii) all Instruments; 

(viii) all Inventory; 

(ix) all other Goods; 

(x) all Investment Property; 

(xi) all Letter-of-Credit Rights; 

  
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 (xii) all Commercial Tort Claims specifically described on Schedule IV
hereto, as such schedule may be supplemented from time to time pursuant to Section 3.04(c); 
 (xiii) all books and
records pertaining to the Article 9 Collateral; and 
 (xiv) to the extent not otherwise included, all Proceeds and products
of any and all of the foregoing and all Supporting Obligations, collateral security and guarantees given by any Person with respect to any of the foregoing; 

provided that in no event shall the Security Interest attach to (A) any Excluded Asset (including any Excluded Equity Interest), or (B) any
asset owned by any Grantor that the Issuer and the First Lien Notes Collateral Agent or, prior to the Disposition Date, the Controlling Party, in each case subject to and in accordance with Section 4.14(c) of the Indenture shall have agreed in
writing to exclude from being Article 9 Collateral on account of the cost of creating a security interest in such asset hereunder being excessive in view of the benefits to be obtained by the Secured Parties therefrom. It is understood that, to the
extent the Security Interest shall not have attached to any such asset as a result of clauses (A) or (B) above, the term “Article 9 Collateral” shall not include any such asset; provided, however, that Article 9
Collateral shall include any Proceeds, substitutions or replacements of any of the foregoing (unless such Proceeds, substitutions or replacements would constitute property referred to in clauses (A) or (B)). 

(b) Each Grantor hereby agrees to prepare and file or cause the filing of (at its own expense), and irrevocably authorizes the First Lien
Notes Collateral Agent for the benefit of the Secured Parties at any time and from time to time to file (at such Grantor’s expense), in any relevant U.S. jurisdiction any financing statements, with respect to the Collateral or any part thereof,
amendments thereto and continuation statements, as may be necessary in order to perfect or maintain the perfection of the First Lien Collateral Agent’s security interest in the Collateral owned by such Grantor that (i) describe the
collateral covered thereby in any manner as may be necessary or advisable to ensure the perfection of the security interest in the Collateral granted under this Agreement or as the First Lien Notes Collateral Agent may reasonably request, including
indicating the Collateral as “all assets” of such Grantor or words of similar effect, and (ii) contain the information required by Article 9 of the UCC for the filing of any financing statement, amendment or continuation statement,
including whether such Grantor is an organization, the type of organization and, if required, any organizational identification number issued to such Grantor. Each Grantor agrees to provide such information to the First Lien Notes Collateral Agent
promptly upon request. Each Grantor agrees to deliver a file-stamped copy of each such financing statement, amendment or continuation statement to the First Lien Notes Collateral Agent. 

Each Grantor agrees to prepare and file or cause the filing of (at its own expense) and further authorizes the First Lien Notes Collateral
Agent to file (at such Grantor’s expense), the Copyright Security Agreement, Patent Security Agreement and Trademark Security Agreement with the United States Patent and Trademark Office or United States Copyright Office (or any successor
office in the United States, but not any office in any other country), as applicable, and any such additional documents pursuant to Section 3.05(b) as may be reasonably necessary or advisable for the purpose of perfecting,
confirming, continuing, enforcing or protecting the Security Interest in Article 9 Collateral consisting of Patents, Trademarks or Copyrights registered or 

  
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applied-for in the United States, granted by each Grantor and naming any Grantor or the Grantors as debtors and the First Lien Notes Collateral Agent as
Secured Party. Each Grantor agrees to deliver a file-stamped copy of each such agreement, instrument or other evidence of filing to the First Lien Notes Collateral Agent. 

(c) The Security Interest and the security interest granted pursuant to Article II are granted as security only and shall not subject the
First Lien Notes Collateral Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Collateral. Notwithstanding the grant of authority to the Second Lien
Notes Collateral Agent to make the filings contemplated by this Section 3.01, in no event shall the Second Lien Notes Collateral Agent (or the Trustee) be obligated to prepare or file any initial financing statement,
amendment thereto, continuation statement or any other instrument, agreement or document with the relevant U.S. jurisdiction, United States Patent and Trademark Office or United States Copyright Office (or any successor office), as applicable, to
perfect or maintain the perfection of the security interest granted hereunder. 
 SECTION 3.02. Representations and Warranties. The
Grantors jointly and severally represent and warrant to the First Lien Notes Collateral Agent, for the benefit of the Secured Parties, that: 

(a) each Grantor has good title or valid leasehold interests in the Article 9 Collateral (except for Intellectual Property) with respect
to which it has purported to grant a Security Interest hereunder free and clear of any Liens, (i) except for Liens expressly permitted pursuant to Section 5.02 of the Indenture and (ii) except for minor defects in title that do not
interfere with its ability to conduct its business as currently conducted or as proposed to be conducted or to utilize such properties for their intended purposes, in each case to the extent the failure to have such good title or valid leasehold
interest could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and has full power and authority to grant to the First Lien Notes Collateral Agent, for the benefit of the Secured Parties, the Security
Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval
that has been obtained and except to the extent that failure to obtain or make such consent or approval, as the case may be, individually or in aggregate, could not reasonably be expected to have a Material Adverse Effect; 

(b) the Perfection Certificate has been duly prepared, completed and executed and the information set forth therein, including the exact legal
name and jurisdiction of organization of each Grantor, is correct and complete in all material respects as of the Issue Date. The UCC financing statements or other appropriate filings, recordings or registrations are in proper form for filing and
will be filed in each governmental, municipal or other office specified in Schedule 6 to the Perfection Certificate (or specified by notice from the Issuer to the First Lien Notes Collateral Agent after the Issue Date in the case of filings,
recordings or registrations required by Section 4.05 or Section 4.14 of the Indenture), are all the filings, recordings and registrations (other than filings, recordings and registrations, if any, required to be made in the United States
Patent and Trademark Office or the United States Copyright Office in order to perfect the Security Interest in Article 9 Collateral consisting of United States Patents, Trademarks or Copyrights) that are necessary to establish a legal, valid and
perfected security interest in favor of 

  
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the First Lien Notes Collateral Agent, for the benefit of the Secured Parties, in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or
registration in the United States, and as of the date hereof, no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary, except as provided under applicable law with respect to the filing of
continuation statements (other than such actions as are necessary to perfect the Security Interest with respect to any Article 9 Collateral consisting of registered or applied-for Patents, Trademarks and Copyrights filed, acquired or developed by a
Grantor after the date hereof). The Grantors represent and warrant that, if applicable, a fully executed Patent Security Agreement, Trademark Security Agreement and Copyright Security Agreement, in each case containing a list of the Article 9
Collateral consisting of United States registered Patents, United States registered Trademarks and United States registered Copyrights (and applications for any of the foregoing), as applicable, and executed by each Grantor owning any such Article 9
Collateral, will be delivered to the First Lien Notes Collateral Agent and have been or will substantially concurrently with the execution of this Agreement be recorded with the United States Patent and Trademark Office or the United States
Copyright Office, as applicable, to establish a legal, valid and perfected security interest in favor of the First Lien Notes Collateral Agent, for the benefit of the Secured Parties, in respect of all Article 9 Collateral consisting of
registered and applied-for Patents, Trademarks and Copyrights in which a security interest may be perfected by filing, recording or registration in the United States Patent and Trademark Office or the United
States Copyright Office, as applicable, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary (other than (i) the UCC financing and continuation statements contemplated in this
Section 3.02(b), and (ii) such filings and actions as are necessary to perfect the Security Interest with respect to any Article 9 Collateral consisting of registered or applied-for Patents,
Trademarks and Copyrights acquired or developed by any Grantor after the date hereof); 
 (c) the Security Interest constitutes (i) a
legal and valid security interest in all the Article 9 Collateral securing the payment and performance of the Notes Obligations, and (ii) subject to the filings described in paragraph (b) of this Section 3.02 (including payment
of applicable fees in connection therewith), a perfected security interest in all Article 9 Collateral in which a security interest may be perfected by filing, recording or registering a financing statement or analogous document in the
applicable jurisdiction in the United States pursuant to the UCC, and (iii) subject to the filings described in paragraph (b) of this Section 3.02, a perfected security interest in all Article 9 Collateral in which a security
interest may be perfected upon the receipt and recording of a Patent Security Agreement, a Trademark Security Agreement or a Copyright Security Agreement with the United States Patent and Trademark Office or the United States Copyright Office, as
applicable. The Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral, other than Liens permitted pursuant to Section 5.02 of the Indenture; 

(d) as of the Issue Date, Schedule III hereto sets forth a true and complete list, with respect to each Grantor, of (i) all of such
Grantor’s Patents and Trademarks applied for or issued or registered with the United States Patent and Trademark Office, including the name of the registered owner or applicant and the registration, application, or publication number, as
applicable, of each such Patent or Trademark and (ii) all of such Grantor’s Copyrights applied for or registered with the United States Copyright Office, including the name of the registered owner and the registration number of each such
Copyright; and 

  
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 (e) none of the Grantors has filed or consented to (i) the filing of any financing
statement or analogous document, in each case with respect to a Lien, under the UCC or any other applicable laws covering any Article 9 Collateral, or (ii) any assignment in which any Grantor assigns any Article 9 Collateral or any
security agreement or similar instrument covering any Article 9 Collateral with the United States Patent and Trademark Office or the United States Copyright Office, except, in each case, for Liens expressly permitted pursuant to Section 5.02 of
the Indenture. 
 SECTION 3.03. Covenants. (a) Each Grantor shall, at its own expense, take any and all commercially reasonable
actions necessary to (i) defend title to the Article 9 Collateral (other than Intellectual Property, which is governed by Section 3.05) against all Persons, except with respect to Article 9 Collateral that such Grantor determines in
its reasonable business judgment is no longer necessary or beneficial to the conduct of such Grantor’s business, and (ii) defend the Security Interest of the First Lien Notes Collateral Agent in the Article 9 Collateral and the priority
thereof against any Lien, in each case subject to (w) the terms of any applicable intercreditor agreement contemplated by the Indenture, (x) Liens permitted pursuant to Section 5.02 of the Indenture, (y) transfers made in
compliance with the Indenture and (z) the rights of such Grantor under Sections 12.03 and 12.08 of the Indenture and corresponding provisions of the Security Documents to obtain a release of the Liens created under the Security Documents. 

(b) Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such further instruments and
documents and take all such actions as may be necessary or as the First Lien Notes Collateral Agent may from time to time reasonably request to obtain, preserve, protect, perfect and maintain the perfection of the Security Interest and the rights
and remedies created hereby, including the payment of any reasonable and documented or invoiced out-of-pocket fees and Taxes required in connection with the execution
and delivery of this Agreement, the granting of the Security Interest and the filing of any financing statements and any amendments thereto or other documents in connection herewith or therewith; provided, however, that with respect to
Intellectual Property, Grantors shall have no obligation, subject to Section 3.05(a) hereunder, to file any document or undertake any actions outside the United States or pursuant to any laws other than the laws of the United States. If any
amount payable to any Grantor under or in connection with any of the Article 9 Collateral shall be or become evidenced by any promissory note (which may be a global note) or other instrument (other than any promissory note or other instrument
in an aggregate principal amount of less than $20,000,000 owed to the applicable Grantor by any Person), such note or instrument shall be promptly delivered (but in any event within 45 days of receipt by such Grantor or, subject to and in accordance
with Section 4.14(c) of the Indenture, such longer period as (x) prior to the Disposition Date, the Controlling Party and (y) on or after the Disposition Date, the First Lien Notes Collateral Agent may, in each such case, agree in
such Person’s reasonable discretion) to the First Lien Notes Collateral Agent, for the benefit of the Secured Parties, together with an undated instrument of transfer duly executed in blank sufficient to perfect the First Lien Notes Collateral
Agent’s interest in such promissory note. 
 (c) At its option, the First Lien Notes Collateral Agent may (but shall not be obligated
to), with three (3) Business Days’ prior written notice to the Issuer, discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Article 9 Collateral and
not permitted pursuant to Section 6.02 of the Indenture, 

  
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and may (but shall not be obligated to) pay for the maintenance and preservation of the Article 9 Collateral to the extent any Grantor fails to do so as required by the Indenture, this
Agreement or any other Notes Document and within a reasonable period of time after the First Lien Notes Collateral Agent has requested that it do so, and each Grantor jointly and severally agrees to reimburse the First Lien Notes Collateral Agent,
within 10 days after demand, for any reasonable payment made or expense incurred by the First Lien Notes Collateral Agent pursuant to the foregoing authorization in accordance with Section 5.03(a); provided that nothing in this paragraph
shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the First Lien Notes Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes,
assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein or in the other Notes Documents. 

(d) Each Grantor shall remain liable, as between such Grantor and the relevant counterparty under each contract, agreement or instrument
relating to the Article 9 Collateral, to observe and perform all the conditions and obligations to be observed and performed by it under such contract, agreement or instrument, all in accordance with the terms and conditions thereof, and each
Grantor jointly and severally agrees to indemnify and hold harmless the First Lien Notes Collateral Agent and the other Secured Parties from and against any and all losses, liability and expense for such performance. 

(e) Notwithstanding anything herein to the contrary, it is understood that no Grantor shall be required by this Agreement to better assure,
preserve, protect or perfect the Security Interest created hereunder by any means other than (i) filings (including financing statements, amendments thereto and continuation statements) pursuant to the UCC in the office of the Secretary of
State (or similar central filing office) of the relevant states or other jurisdictions, (ii) filings with the United States Patent and Trademark Office or United States Copyright Office (or any successor office), in respect of registered or applied-for Patents, Trademarks or Copyrights, (iii) in the case of Collateral that constitutes Pledged Securities, Instruments, certificated securities (in each case not credited to a Securities Account),
Tangible Chattel Paper or Negotiable Documents (other than those Instruments or Negotiable Documents held in the ordinary course of business), delivery thereof to the First Lien Notes Collateral Agent in accordance with the terms hereof (together
with, where applicable, undated stock or note powers or other undated proper instruments of assignment) and (iv) other actions to the extent required by Section 3.03(b) (solely with respect to the second sentence thereof) or
Section 3.04 hereunder. No Grantor shall be required to (i) complete any filings or other action with respect to the better assurance, preservation, protection or perfection of the security interests created hereby in any jurisdiction
outside of the United States or enter into any security document governed by the laws of a jurisdiction other than the United States, or to reimburse the First Lien Notes Collateral Agent for any costs incurred in connection with the same or
(ii) deliver control agreements with respect to, or confer perfection by “control” over, any Deposit Accounts, Securities Accounts or Commodity Accounts. 

(f) In the event that any Grantor at any time or times shall fail to obtain or maintain any of the policies of insurance required under
Section 4.09 of the Indenture or to pay any premium in whole or part relating thereto, the First Lien Notes Collateral Agent may (but shall not be obligated to), without waiving or releasing any obligation or liability of the Grantors hereunder
or any Default or Event of Default, in its sole discretion, obtain and maintain such 

  
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policies of insurance and pay such premium and take any other actions with respect thereto as the First Lien Notes Collateral Agent reasonably deems advisable. All sums incurred or disbursed by
the First Lien Notes Collateral Agent in connection with this paragraph, including reasonable out-of-pocket attorneys’ fees, court costs, expenses and other charges
relating thereto, shall be payable, within 10 days of demand, by the Grantors to the First Lien Notes Collateral Agent and shall be additional Notes Obligations secured hereby. 

SECTION 3.04. Other Actions. In order to further insure the attachment, perfection and priority of, and the ability of the First Lien
Notes Collateral Agent to enforce, the Security Interest, each Grantor agrees, in each case at such Grantor’s own expense, to take the following actions with respect to the following Article 9 Collateral: 

(a) Instruments. If any Grantor shall at any time hold or acquire any Instruments (other than Instruments with a face amount of less
than $20,000,000 individually and other than checks to be deposited in the ordinary course of business), such Grantor shall promptly (but in any event within 45 days of receipt by such Grantor or, subject to and in accordance with
Section 4.14(c) of the Indenture, such longer period as (x) prior to the Disposition Date, the Controlling Party and (y) on or after the Disposition Date, the First Lien Notes Collateral Agent, may in each such case, agree in such
Person’s reasonable discretion) endorse, assign and deliver the same to the First Lien Notes Collateral Agent, accompanied by such undated instruments of transfer or assignment duly executed in blank as may be necessary to perfect the First
Lien Notes Collateral Agent’s interests therein. 
 (b) Investment Property. Except to the extent otherwise provided in
Article II, if any Grantor shall at any time hold or acquire any certificated securities (other than certificated securities with a value of less than $20,000,000 individually), such Grantor shall forthwith endorse, assign and deliver the same
to the First Lien Notes Collateral Agent, accompanied by such undated instruments of transfer or assignment duly executed in blank as may be necessary to perfect the First Lien Notes Collateral Agent’s interests therein. 

(c) Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim (in respect of which a complaint
or counterclaim has been filed by or on behalf of such Grantor) seeking damages in an amount reasonably estimated to exceed $20,000,000, such Grantor shall promptly notify the First Lien Notes Collateral Agent thereof in a writing signed by such
Grantor, including a summary description of such claim, and Schedule IV hereto shall be deemed to be supplemented to include such description of such Commercial Tort Claim as set forth in such writing. 

SECTION 3.05. Covenants Regarding Patent, Trademark and Copyright Collateral. (a) Except to the extent a failure to act under this
Section 3.05(a) could not reasonably be expected to have a Material Adverse Effect of the type referred to in clause (a) or (b) of the definition of such term in the Indenture, with respect to the registration or pending application of
each item of its Intellectual Property for which such Grantor has standing and ability to do so, each Grantor agrees to take commercially reasonable steps to (i) maintain the validity and enforceability of any United States registered
Intellectual Property (or applications therefor) that is material to the conduct of such Grantor’s business and to maintain such registrations and applications of such Intellectual Property in full force and effect and (ii) pursue the
registration and maintenance of 

  
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each patent, trademark or copyright registration or application included in the Intellectual Property of such Grantor that is material to the conduct of such Grantor’s business. Grantor
shall take commercially reasonable steps to defend title to and ownership of any Intellectual Property that is owned by such Grantor and is material to the conduct of such Grantor’s business. Notwithstanding the foregoing, nothing in this
Section 3.05 shall prevent any Grantor from disposing of, discontinuing the use or maintenance of, abandoning, failing to pursue or enforce or otherwise allowing to lapse, terminate, be invalidated or put into the public domain any of its
registered or applied-for Intellectual Property that is no longer used or useful, or economically practicable to maintain, or if such Grantor determines in its reasonable business judgment that such
discontinuance or such other action is desirable in the conduct of its business. 
 (b) Each Grantor agrees that, should it obtain an
ownership or other interest in any Intellectual Property after the Issue Date (i) the provisions of this Agreement shall automatically apply thereto and (ii) any such Intellectual Property shall automatically become Intellectual Property
subject to the terms and conditions of this Agreement, except, with respect to each of (i) and (ii) above, if such Intellectual Property is acquired under a license from a third party under which a security interest would not be permitted. For
the avoidance of doubt, a security interest shall not be granted in any Intellectual Property that constitutes an Excluded Asset. 
 (c)
Each Grantor, either itself or through any agent, employee, licensee or designee, shall (i) whenever a certificate is delivered or required to be delivered pursuant to Section 5.03(b) of the Indenture, deliver to the First Lien Notes
Collateral Agent a schedule setting forth all of such Grantor’s registered and applied-for Patents, Trademarks and Copyrights that are not listed on Schedule III hereto or on a schedule previously
provided to the First Lien Notes Collateral Agent pursuant to this Section 3.05(c), and (ii) not more than three times per fiscal year, execute and deliver to the First Lien Notes Collateral Agent a Patent Security Agreement, Trademark
Security Agreement or Copyright Security Agreement, as applicable, or an amendment to a pre-existing Patent Security Agreement, Trademark Security Agreement or Copyright Security Agreement, as applicable, in
respect of such Patents, Trademarks and Copyrights and promptly record such Patent Security Agreement, Trademark Security Agreement or Copyright Security Agreement or amendment to a pre-existing Patent
Security Agreement, Trademark Security Agreement or Copyright Security Agreement, as applicable, with the United States Patent and Trademark Office or United States Copyright Office (or any successor office), as applicable. 

ARTICLE IV 
 Remedies 

SECTION 4.01. Remedies Upon Default. Upon the occurrence and during the continuance of an Event of Default, each Grantor agrees to
deliver, on demand, each item of Collateral to the First Lien Notes Collateral Agent or any Person designated by the First Lien Notes Collateral Agent, and it is agreed that the First Lien Notes Collateral Agent shall have the right (but not the
obligation) subject to Applicable Nuclear Laws to take any of or all the following actions at the same or different times: (a) with respect to any Article 9 Collateral consisting of Intellectual Property, on demand, to cause the Security
Interest to become an assignment, transfer and conveyance of any of or all such Article 9 Collateral by the applicable Grantors to the First Lien Notes Collateral Agent, for the benefit of the Secured Parties, or to license, whether on an

  
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exclusive or nonexclusive basis, any such Article 9 Collateral throughout the world on such terms and conditions and in such manner as the First Lien Notes Collateral Agent shall determine (other
than in violation of any then-existing licensing arrangements or other agreement to the extent that waivers cannot be obtained), but in any event, on a revocable basis under terms whereby such license should terminate immediately upon cure of an
Event of Default in connection with exercise of its remedies hereunder, and (b) with or without legal process and with or without prior notice or demand for performance, to take possession of the Article 9 Collateral and the Pledged Collateral
and without liability for trespass to enter any premises where the Article 9 Collateral or the Pledged Collateral may be located for the purpose of taking possession of or removing the Article 9 Collateral and the Pledged Collateral and, generally,
to exercise any and all rights afforded to a secured party under the UCC or other applicable law. Without limiting the generality of the foregoing, each Grantor agrees that the First Lien Notes Collateral Agent shall have the right (but not the
obligation), subject to the mandatory requirements of applicable law and the notice requirements described below, to sell or otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any
securities exchange, for cash, upon credit or for future delivery as the First Lien Notes Collateral Agent shall deem appropriate. The First Lien Notes Collateral Agent shall be authorized at any such sale of securities (if it deems it advisable to
do so) to restrict the prospective bidders or purchasers to Persons who will represent and agree that they are purchasing the Collateral for their own account for investment and not with a view to the distribution or sale thereof, and upon
consummation of any such sale the First Lien Notes Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any sale of Collateral shall hold the
property sold absolutely free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law) all rights of redemption, stay and appraisal that such Grantor now has or may at any time in the future
have under any rule of law or statute now existing or hereafter enacted. 
 The First Lien Notes Collateral Agent shall give the applicable
Grantors no less than 10 days’ prior written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the New York UCC or its equivalent in other
jurisdictions) of the First Lien Notes Collateral Agent’s intention to make any sale of Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or
on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the Collateral or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such
time or times within ordinary business hours and at such place or places as the First Lien Notes Collateral Agent may fix and state in the notice (if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold in
one lot as an entirety or in separate parcels, as the First Lien Notes Collateral Agent may (in its sole and absolute discretion) determine. The First Lien Notes Collateral Agent shall not be obligated to make any sale of any Collateral if it shall
determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The First Lien Notes Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be
adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In case any sale of all or any part of the Collateral is
made on credit or for future delivery, the Collateral so sold may be retained by the First Lien Notes Collateral Agent until the sale price is paid by the purchaser or purchasers thereof, but the First Lien Notes Collateral Agent and the other

  
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Secured Parties shall not incur any liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in case of any such failure, such Collateral
may be sold again upon like notice. At any public (or, to the extent permitted by law, private) sale made pursuant to this Agreement, any Secured Party may bid for or purchase, free (to the extent permitted by law) from any right of redemption,
stay, valuation or appraisal on the part of any Grantor (all said rights being also hereby waived and released to the extent permitted by law), the Collateral or any part thereof offered for sale and may make payment on account thereof by using any
claim then due and payable to such Secured Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property without further accountability to
any Grantor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the First Lien Notes Collateral Agent shall be free to carry out such sale pursuant to such
agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the First Lien Notes Collateral Agent shall have entered into such an agreement all Events of
Default shall have been remedied and the Notes Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the First Lien Notes Collateral Agent may (but shall not be obligated to) proceed by a suit or suits
at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a
court-appointed receiver. Any sale pursuant to the provisions of this Section 4.01 shall be deemed to conform to the commercial reasonableness standards as provided in
Section 9-610(b) of the New York UCC or its equivalent in other jurisdictions. 
 SECTION
4.02. Securities Act. In view of the position of the Grantors in relation to the Pledged Collateral, or because of other current or future circumstances, a question may arise under the Securities Act of 1933, as now or hereafter in effect, or
any similar statute hereafter enacted analogous in purpose or effect (such act and any such similar statute as from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Pledged
Collateral permitted hereunder. Each Grantor understands that compliance with the Federal Securities Laws might very strictly limit the course of conduct of the First Lien Notes Collateral Agent if the First Lien Notes Collateral Agent were to
attempt to dispose of all or any part of the Pledged Collateral, and might also limit the extent to which or the manner in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal
restrictions or limitations affecting the First Lien Notes Collateral Agent in any attempt to dispose of all or part of the Pledged Collateral under applicable blue sky or other state securities laws or similar laws analogous in purpose or effect.
Each Grantor recognizes that in light of such restrictions and limitations the First Lien Notes Collateral Agent may (but shall not be obligated to), with respect to any sale of the Pledged Collateral, limit the purchasers to those who will agree,
among other things, to acquire such Pledged Collateral for their own account, for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees that in light of such restrictions and limitations, the
First Lien Notes Collateral Agent, in its sole and absolute discretion, (a) may (but shall not be obligated to) proceed to make such a sale whether or not a registration statement for the purpose of registering such Pledged Collateral or part
thereof shall have been filed under the Federal Securities Laws to the extent the First Lien Notes Collateral Agent has determined that such a registration is not required by any Requirements of Law and (b) may (but shall not be obligated to)
approach and negotiate with a limited number of potential purchasers (including a single potential purchaser) to effect such sale. Each Grantor acknowledges 

  
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and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public sale without such restrictions. In the event of any such sale,
the First Lien Notes Collateral Agent and the other Secured Parties shall incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the First Lien Notes Collateral Agent, in its sole and absolute
discretion, may in good faith deem reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid or if more than a
limited number of purchasers (or a single purchaser) were approached. The provisions of this Section 4.02 will apply notwithstanding the existence of a public or private market upon which the quotations or sales prices may exceed substantially
the price at which the First Lien Notes Collateral Agent sells all or any applicable part of the Pledged Collateral. 
 SECTION 4.03.
Grant of License to Use Intellectual PropertyARTICLE V. For the exclusive purpose of enabling the First Lien Notes Collateral Agent to exercise rights and remedies under this Agreement at such time as the First Lien Notes Collateral Agent
shall be lawfully entitled (but not obligated) to exercise such rights and remedies, each Grantor shall, upon prior written request by the First Lien Notes Collateral Agent at any time during the continuance of an Event of Default, grant to the
First Lien Notes Collateral Agent a nonexclusive, non-transferable irrevocable, royalty-free, limited license (until the termination or cure of the Event of Default) to use any of the Collateral consisting of
Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be located, and including in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all
computer software and programs used for the compilation or printout thereof; provided, however, that nothing in this Section 4.03 shall require Grantors to grant any license that is prohibited by any rule of law, statute or regulation, or is
prohibited by, or constitutes a breach or default under or results in the termination of any contract, license, agreement, instrument or other document with respect to such Intellectual Property, or gives any third party any right of acceleration,
modification, termination or cancellation in any such document, or otherwise unreasonably prejudices the value of such Intellectual Property to the relevant Grantor; provided, further, that such licenses to be granted hereunder with respect to
Trademarks shall be subject to the First Lien Notes Collateral Agent’s maintenance of quality standards with respect to the goods and services on which such Trademarks are used sufficient to preserve the validity of such Trademarks. For the
avoidance of doubt, the use of such license by the First Lien Notes Collateral Agent may be exercised at the option of the First Lien Notes Collateral Agent, but in any event solely during the continuation of an Event of Default and upon termination
of the Event of Default; such license to the Intellectual Property shall automatically and immediately terminate and any Intellectual Property in the possession of the First Lien Notes Collateral Agent shall be returned to such Grantor. 

Miscellaneous 
 SECTION
5.01. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 13.01 of the Indenture. All communications and notices hereunder to any Grantor
shall be given to it in care of Holdings as provided in Section 13.01 of the Indenture. 

  
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 SECTION 5.02. Waivers; Amendment. (a) No failure or delay by the First Lien
Notes Collateral Agent or any other Secured Party in exercising any right or power hereunder or under any other Notes Document shall operate as a waiver thereof nor shall any single or partial exercise of any such right or power, or any abandonment
or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the First Lien Notes Collateral Agent and the Secured Parties
hereunder and under the other Notes Documents are cumulative and are not exclusive of any rights or remedies that the First Lien Notes Collateral Agent or the other Secured Parties would otherwise have. No waiver of any provision of this Agreement
or consent to any departure by any Note Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 5.02, and then such waiver or consent shall be effective only in the specific
instance and for the purpose for which given. No notice or demand on any Note Party in any case shall entitle any Note Party to any other or further notice or demand in similar or other circumstances. 

(b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in
writing entered into by the Controlling Party and the Grantor or Grantors with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 9.02 of the Indenture;
provided that the First Lien Notes Collateral Agent may (but shall not be obligated to), with the consent of the Controlling Party or otherwise in accordance with Section 4.14(c) of the Indenture, consent to a departure by any Grantor
from any covenant of such Grantor set forth herein to the extent such departure is consistent with the authority of the First Lien Notes Collateral Agent set forth in the definition of the term “Collateral and Guarantee Requirement” in the
Indenture. 
 SECTION 5.03. First Lien Notes Collateral Agent’s Fees and Expenses; Indemnification. (a) Each
Grantor, jointly with the other Grantors and severally, agrees to reimburse the First Lien Notes Collateral Agent for its fees and reasonable out-of-pocket expenses
incurred hereunder as provided in the fee agreement between the First Lien Notes Collateral Agent and the Issuer and as provided in Sections 7.07 and 12.02 of the Indenture; provided that each reference therein to the “Issuer”
shall be deemed to be a reference to “each Grantor.” 
 (b) Without limitation of its indemnification obligations under the other
Notes Documents, each Grantor, jointly with the other Grantors and severally, agrees to indemnify the First Lien Notes Collateral Agent, the Trustee and their respective officers, directors, employees and agents (each an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and fees and reasonable out-of-pocket
expenses of one primary counsel and one local counsel in each relevant jurisdiction (and, in the case of a conflict of interest, where the Indemnitee affected by such conflict notifies the Issuer of the existence of such conflict and thereafter
retains its own counsel, one additional counsel) for all Indemnitees (which may include a single special counsel acting in multiple jurisdictions), incurred by or asserted against any Indemnitee by any third party or by Holdings, any Intermediate
Parent, the Issuer or any Subsidiary arising out of, in connection with, or as a result of, the execution, delivery or performance of this Agreement or any actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, whether brought by a third party or by Holdings, any Intermediate Parent, the Issuer or any Subsidiary and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be
available to the extent that such 

  
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losses, claims, damages, liabilities, costs or related expenses (x) resulted from 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 judgment) or (y) arose from disputes between or among Indemnitees (other than disputes involving claims against the Trustee or the First Lien Notes
Collateral Agent, in each case, in their respective capacities) that do not involve an act or omission by Holdings, any Intermediate Parent, the Issuer or any Subsidiary. 

(c) To the fullest extent permitted by applicable law, no Grantor shall assert, and each Grantor hereby waives, any claim against any
Indemnitee for any direct or actual damages arising from the use by unintended recipients of information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information
transmission systems (including the Internet) in connection with this Agreement or the other Notes Documents or the transactions contemplated hereby or thereby; provided that such indemnity shall not, as to any Indemnitee, be available to the
extent that such direct or actual damages are determined by a court of competent jurisdiction in a final and non-appealable judgment to have resulted from the gross negligence, bad faith or willful misconduct
of such Indemnitee. 
 (d) The provisions of this Section 5.03 shall remain operative and in full force and effect and shall survive
regardless of the termination of this Agreement or any other Notes Document, the consummation of the transactions contemplated hereby or thereby, the repayment of any of the Notes Obligations, the invalidity or unenforceability of any term or
provision of this Agreement or any other Notes Document, or any investigation made by or on behalf of any Secured Party or the resignation or removal of the First Lien Notes Collateral Agent. All amounts due under this Section 5.03 shall be
payable not later than 10 Business Days after written demand therefor; provided, however, any Indemnitee shall promptly refund an indemnification payment received hereunder to the extent that there is a final judicial determination
that such Indemnitee was not entitled to indemnification with respect to such payment pursuant to this Section 5.03. Any such amounts payable as provided hereunder shall be additional Notes Obligations. 

SECTION 5.04. Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be
deemed to include the permitted successors and assigns of such party, and all covenants, promises and agreements by or on behalf of any Grantor or the First Lien Notes Collateral Agent that are contained in this Agreement shall bind and inure to the
benefit of their respective successors and assigns. 
 SECTION 5.05. Survival of Agreement. All covenants, agreements,
representations and warranties made by the Note Parties in this Agreement or any other Notes Document and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Notes Document shall be
considered to have been relied upon by the Secured Parties and shall survive the execution and delivery of the Notes Documents, regardless of any investigation made by or on behalf of any Secured Party, and shall continue in full force and effect
until either (x) the satisfaction and discharge of the Indenture in accordance with Article 11 of the Indenture or (y) a Legal Defeasance or Covenant Defeasance of the Indenture in accordance with Article 8 of the Indenture has occurred
(either such event, a “Termination Event”), in each case, in accordance with and subject to provisions in the Indenture that are expressly contemplated to survive a Termination Event and any contingent obligations not yet due and
owing under Sections 7.07 and 8.06 of the Indenture and Article II of the Indenture. 

  
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 SECTION 5.06. Counterparts; Effectiveness; Several Agreement. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this
Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually signed counterpart of this Agreement. This Agreement shall become effective as to any Grantor when a counterpart hereof executed on behalf of such
Grantor shall have been delivered to the First Lien Notes Collateral Agent and a counterpart hereof shall have been executed on behalf of the First Lien Notes Collateral Agent, and thereafter shall be binding upon such Grantor and the First Lien
Notes Collateral Agent and their respective permitted successors and assigns, and shall inure to the benefit of such Grantor, the First Lien Notes Collateral Agent and the other Secured Parties and their respective successors and assigns, except
that no Grantor shall have the right to assign or transfer its rights or obligations hereunder or any interest herein (and any such assignment or transfer shall be void) except as expressly provided in this Agreement and the Indenture. This
Agreement shall be construed as a separate agreement with respect to each Grantor and may be amended, modified, supplemented, waived or released with respect to any Grantor without the approval of any other Grantor and without affecting the
obligations of any other Grantor hereunder. 
 SECTION 5.07. Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions
hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

SECTION 5.08. Right of Set-off. If an Event of Default under the Indenture shall have occurred
and be continuing, each Secured Party and any of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or
demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Secured Party or any such Affiliate to or for the credit or the account of any Grantor against any of and all
the obligations of such Grantor then due and owing under this Agreement or any other Notes Document held by such Secured Party, irrespective of whether or not such Secured Party shall have made any demand under this Agreement and although
(i) such obligations may be contingent or unmatured and (ii) such obligations are owed to a branch or office of such Secured Party different from the branch or office holding such deposit or obligated on such Indebtedness. The applicable
Secured Party shall notify the applicable Grantor and the First Lien Notes Collateral Agent of such setoff and application; provided that any failure to give or any delay in giving such notice shall not affect the validity of any such setoff
and application under this Section 5.08. The rights of each Secured Party and their respective Affiliates under this Section 5.08 are in addition to other rights and remedies (including other rights of setoff) that such Secured Party and
any of their respective Affiliates may have. 

  
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 SECTION 5.09. Governing Law; Jurisdiction; Consent to Service of Process; Appointment of
Service of Process Agent. (a) This Agreement shall be construed in accordance with and governed by the laws of the State of New York. 

(b) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the
Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York
State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in
any other manner provided by law. Nothing in this Agreement shall affect any right that the First Lien Notes Collateral Agent, the Trustee or any Holder may otherwise have to bring any action or proceeding relating to this Agreement against any
Grantor or its respective properties in the courts of any jurisdiction. 
 (c) Each party hereto hereby irrevocably and unconditionally
waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in
paragraph (b) of this Section 5.09. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 5.01. Nothing
in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 (e) Each
Grantor hereby irrevocably designates, appoints and empowers the Issuer as its designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of its property, service of any and all legal process, summons,
notices and documents that may be served in any such action or proceeding and the Issuer hereby accepts such designation and appointment. 

SECTION 5.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER NOTES DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH
PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER 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 BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 5.10. 

  
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 SECTION 5.11. Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

SECTION 5.12. Security Interest Absolute. All rights of the First Lien Notes Collateral Agent hereunder, the Security Interest, the
grant of a security interest in the Pledged Collateral and all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability of the Indenture, any other Notes Document, any
agreement with respect to any of the Notes Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Notes
Obligations, or any other amendment or waiver of or any consent to any departure from the Indenture, any other Notes Document or any other agreement or instrument, (c) any exchange, release or
non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee securing or guaranteeing all or any of the Notes Obligations or
(d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Notes Obligations or this Agreement. 

SECTION 5.13. Termination or Release. (a) This Agreement, the Security Interest and all other security interests granted hereby
shall terminate automatically upon the occurrence of a Termination Event (other than those provisions of the Indenture expressly contemplated to survive a Termination Event and any contingent obligations not yet due and owing under Sections 7.07 and
8.06 of the Indenture and Article II of the Indenture). 
 (b) The Security Interest and all other security interests granted hereby shall
also automatically terminate and be released at the time or times and in the manner set forth in Section 12.03 of the Indenture. 
 (c)
In connection with any termination or release pursuant to paragraph (a) or (b) of this Section, the First Lien Notes Collateral Agent shall execute and deliver to any Note Party, at such Note Party’s expense, all documents prepared by or
on behalf of such Note Party that such Note Party shall reasonably request in writing to evidence such termination or release so long as the applicable Note Party shall have provided the First Lien Notes Collateral Agent such certifications or
documents as the First Lien Notes Collateral Agent shall reasonably request in order to demonstrate compliance with this Section 5.13. Any execution and delivery of documents by the First Lien Notes Collateral Agent pursuant to this Section
shall be without recourse to or representation or warranty of any kind by the First Lien Notes Collateral Agent or any other Secured Party. 

SECTION 5.14. Additional Subsidiaries. The Grantors shall cause, consistent with the Indenture, each Intermediate Parent and each
Restricted Subsidiary that is not an Excluded Subsidiary, or to the extent required by the Indenture, any other Restricted Subsidiary that the Issuer, at its option, elects to become a Grantor, to execute and deliver to the First Lien Notes

  
 -25- 

 
Collateral Agent a Grantor Supplement and a Perfection Certificate (or a supplement thereof) regarding such Intermediate Parent or Restricted Subsidiary within the time period provided in
Section 4.13 of the Indenture. Upon execution and delivery of such documents to the First Lien Notes Collateral Agent, any such Intermediate Parent or Subsidiary shall become a Grantor, as applicable, hereunder with the same force and effect as
if originally named as such herein. The execution and delivery of any such instrument or document shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and
effect notwithstanding the addition of any new Grantor as a party to this Agreement. 
 SECTION 5.15. First Lien Notes Collateral Agent
Appointed Attorney-in-Fact. Each Grantor hereby makes, constitutes and appoints the First Lien Notes Collateral Agent (and all officers, employees or agents
designated by the First Lien Notes Collateral Agent) the attorney-in-fact of such Grantor for the purpose of carrying out the provisions of this Agreement and taking any
action and executing any instrument that the First Lien Notes Collateral Agent may deem necessary or advisable to accomplish the purposes hereof at any time after and during the continuance of an Event of Default, which appointment is irrevocable
(until termination of this Agreement in accordance with Section 5.13) and coupled with an interest. Without limiting the generality of the foregoing, the First Lien Notes Collateral Agent shall have the right (but not the obligation), but only
upon the occurrence and during the continuance of an Event of Default and, other than in the case of any Event of Default arising under Section 6.01(h) or 6.01(i) of the Indenture, written notice by the First Lien Notes Collateral Agent to the
Issuer of its intent to exercise such rights, with full power of substitution either in the First Lien Notes Collateral Agent’s name or in the name of such Grantor: (a) to receive, indorse, assign and/or deliver any and all notes,
acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or any part thereof; (b) to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the
Collateral; (c) to sign the name of any Grantor on any invoice or bill of lading relating to any of the Collateral; (d) upon prior written notice to the Issuer (other than in the case of any Event of Default arising under
Section 6.01(h) or 6.01(i) of the Indenture), to send verifications of accounts receivable to any Account Debtor; (e) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent
jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral; (f) to settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any
of the Collateral; (g) upon prior written notice to the Issuer (other than in the case of any Event of Default arising under Section 6.01(h) or 6.01(i) of the Indenture), to notify, or to require any Grantor to notify, Account Debtors to
make payment directly to the First Lien Notes Collateral Agent; (h) to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to
carry out the purposes of this Agreement, as fully and completely as though the First Lien Notes Collateral Agent were the absolute owner of the Collateral for all purposes, and (i) to make, settle and adjust claims in respect of Article 9
Collateral under policies of insurance, indorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance and for making all determinations and decisions with respect thereto;
provided that nothing herein contained shall be construed as requiring or obligating the First Lien Notes Collateral Agent to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the First Lien
Notes Collateral Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered thereby. The First

  
 -26- 

 
Lien Notes Collateral Agent and the other Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to them herein, and neither
they nor their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence, bad faith or willful misconduct or that of any of their controlled
Affiliates, directors, officers, employees, counsel, agents or attorneys-in-fact. 

SECTION 5.16. Intercreditor Agreements Govern . Notwithstanding anything herein to the contrary, (i) the Liens and security
interests granted to the First Lien Notes Collateral Agent for the benefit of the Secured Parties pursuant to this Agreement and (ii) the exercise of any right or remedy by the First Lien Notes Collateral Agent hereunder or the application of
proceeds (including insurance proceeds and condemnation proceeds) of any Collateral, are subject to the provisions of the First/Second Lien Intercreditor Agreement, the ABL Intercreditor Agreement and the First Lien Pari Passu Intercreditor
Agreement, if and to the extent applicable and/or in effect. In the event of any conflict between the terms of the First/Second Lien Intercreditor Agreement, the terms of the ABL Intercreditor Agreement, the terms of First Lien Pari Passu
Intercreditor Agreement and the terms of this Agreement, the terms of the First/Second Lien Intercreditor Agreement, the ABL Intercreditor Agreement and the First Lien Pari Passu Intercreditor Agreement, as applicable, shall govern. 

The Trustee, by its acceptance of the benefits of this Agreement and each Holder, by its acceptance of the Notes and the benefits of this
Agreement, acknowledges and agrees that upon the First Lien Notes Collateral Agent’s entry into the Intercreditor Agreements, as applicable, the Trustee and each Holder will be subject to and bound by the provisions of the Intercreditor
Agreements as Initial Additional Authorized Representative (as defined in the First Lien Pari Passu Intercreditor Agreement). 

Notwithstanding anything herein to the contrary, prior to the Discharge of Credit Agreement Obligations (as defined in the First Lien Pari
Passu Intercreditor Agreement), to the extent any Grantor is required hereunder to indorse, assign or deliver Collateral to the First Lien Notes Collateral Agent for any purpose and is unable to do so as a result of having previously indorsed,
assigned or delivered such Collateral to the Credit Agreement Collateral Agent (as defined in the First Lien Pari Passu Intercreditor Agreement) in accordance with the terms of the First Lien Pari Passu Intercreditor Agreement, such Grantor’s
obligations hereunder with respect to such indorsement, assignment or delivery shall be deemed satisfied by the indorsement, assignment or delivery in favor of or to the Credit Agreement Collateral Agent (as defined in the First Lien Pari Passu
Intercreditor Agreement), acting as a gratuitous bailee for the First Lien Notes Collateral Agent. 
 SECTION 5.17. Concerning the First
Lien Notes Collateral Agent. 
 (a) Wilmington Trust, National Association is entering this Agreement not in its individual capacity,
but solely in its capacity as First Lien Notes Collateral Agent under the Indenture. In acting hereunder, the First Lien Notes Collateral Agent shall be entitled to all of the rights, privileges, indemnities and immunities granted to the First Lien
Notes Collateral Agent in the Indenture, including without limitation those set forth in Articles 7 and 12 of the Indenture, as if such rights, privileges, indemnities and immunities were set forth herein. In the case of a conflict between this
Agreement or any other Security Document and the Indenture with respect to the First Lien Notes Collateral Agent’s rights, the Indenture shall control. 

  
 -27- 

 (b) Notwithstanding anything in this Agreement or any other Notes Document to the contrary,
in the exercise of any power or discretion under this Agreement, the First Lien Notes Collateral Agent shall be entitled to seek the direction of the Trustee or the Controlling Party and shall be entitled to refrain from acting (and shall have no
liability to any Person for doing so) until it has received such direction accompanied by, if requested, indemnity or security satisfactory to the First Lien Notes Collateral Agent. 

[Remainder of Page Intentionally Left Blank] 

  
 -28- 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and
year first above written. 
  

			
	SOTERA HEALTH TOPCO, INC.,
	as Holdings
		
	By:	 	/s/ Scott J. Leffler
		 	Name: Scott J. Leffler
		 	Title:   Chief Financial Officer & Treasurer

  

			
	SOTERA HEALTH HOLDINGS, LLC,
	as Issuer
		
	By:	 	/s/ Scott J. Leffler
		 	Name: Scott J. Leffler
		 	Title:   Chief Financial Officer & Treasurer

  

			
	SOTERA HEALTH LLC,
	as a Grantor
		
	By:	 	/s/ Scott J. Leffler 
		 	Name: Scott J. Leffler
		 	Title:   Chief Financial Officer & Treasurer

  

			
	STERIGENICS U.S., LLC,
	as a Grantor
		
	By:	 	/s/ Scott J. Leffler 
		 	Name: Scott J. Leffler
		 	Title:   Chief Financial Officer & Treasurer

  
 [Signature Page to First
Lien Notes Collateral Agreement] 

 
			
	NELSON LABORATORIES, LLC,
	as a Grantor
		
	By:	 	/s/ Scott J. Leffler 
		 	Name: Scott J. Leffler
		 	Title:   Chief Financial Officer & Treasurer

  

			
	SOTERA HEALTH SERVICES, LLC,
	as a Grantor
		
	By:	 	/s/ Scott J. Leffler 
		 	Name: Scott J. Leffler
		 	Title:   Chief Financial Officer & Treasurer

  
 [Signature Page to First
Lien Notes Collateral Agreement] 

 
			
	STERIGENICS RADIATION TECHNOLOGIES HOLDINGS, LLC,
	as a Grantor
		
	By:	 	/s/ Matthew D. Shimkus
		 	Name: Matthew D. Shimkus
		 	Title:   Vice President, Treasurer and
		 	            Secretary

  
 [Signature Page to First
Lien Notes Collateral Agreement] 

 
			
	STERIGENICS RADIATION TECHNOLOGIES, LLC, as a Grantor
		
	By:	 	/s/ Matthew D. Shimkus
		 	Name: Matthew D. Shimkus
		 	Title:   Vice President, Treasurer and Secretary

  
 [Signature Page to First
Lien Notes Collateral Agreement] 

 
			
	NELSON LABORATORIES HOLDINGS, LLC,
	as a Grantor
		
	By:	 	/s/ Bruce T. Krarup
		 	Name: Bruce T. Krarup
		 	Title:   Vice President, Treasurer and
		 	            Secretary

  
 [Signature Page to First
Lien Notes Collateral Agreement] 

 
			
	NELSON LABORATORIES FAIRFIELD HOLDINGS, LLC, as a Grantor
		
	By:	 	/s/ Bruce T. Krarup
		 	Name: Bruce T. Krarup
		 	Title:   Vice President, Treasurer and
		 	            Secretary

  
 [Signature Page to First
Lien Notes Collateral Agreement] 

 
			
	IOTRON INDUSTRIES USA INC.,
	as a Grantor
		
	By:	 	/s/ Matthew D. Shimkus
		 	Name: Matthew D. Shimkus
		 	Title: Vice President, Treasurer and
		 	        Secretary

  
 [Signature Page to First
Lien Notes Collateral Agreement] 

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, solely in its capacity as First Lien Notes Collateral Agent
		
	By:	 	/s/ W. Thomas Morris II
		 	Name: W. Thomas Morris II
		 	Title: Vice President

  
 [Signature Page to First
Lien Notes Collateral Agreement]

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